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Agrify Corporation and Nature's Miracle Holdings terminate merger
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May 20, 2024
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Vertical Farming

Vertical Farming

May 20, 2024

Agrify Corporation and Nature's Miracle Holdings terminate merger

Industry news
M&A

  • Agrify Corporation, a producer of proprietary growing solutions for the indoor farming industry, has announced the termination of its planned merger with Nature's Miracle Holdings Inc., a Nasdaq-listed, controlled environment agriculture technology company, due to unfavorable market conditions.

  • Both companies have also terminated the debt purchase agreement that was part of the merger agreement. Agrify indicates that it plans to continue its current growth trajectory with a focus on cultivation and extraction business divisions while exploring strategic options.

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