AgriFORCE to rebrand as AVAX One, targeting $550M for AVAX reserves

Nasdaq-listed AgriFORCE (AGRI) announced plans to change its name to AVAX One and focus its strategy on investing in Avalanche (AVAX), becoming the first company on the exchange to announce such a plan. The firm has already raised $300 million through a private investment in public equity (PIPE) and intends to raise an additional $250 million. The company also stated that SkyBridge Capital founder Anthony Scaramucci and Brett Tejpaul, head of Coinbase Institutional, are expected to join its advisory board.