Agrify Corporation (Nasdaq - AGFY)

Agrify Corporation (Nasdaq – AGFY)

SHAREHOLDER NOTICE: Brodsky & Smith Announces an Investigation of Agrify Corporation (Nasdaq – AGFY)

BALA CYNWYD – May 20, 2024 /Globe Newswire/ – Law office of Brodsky & Smith announces that it is investigating potential claims against the Board of Directors of Agrify Corporation (“Agrify” or the “Company”) (NYSE – AGFY) for possible breaches of fiduciary duty and other violations of federal and state law in connection with the acquisition of the Company by Nature’s Miracle Holding Inc. (“Nature’s Miracle”) (Nasdaq – NMHI). Under the terms of the deal, Agrify shareholders will each be issued 0.45 of a share of Nature’s Miracle common stock for each share of Agrify common stock that they hold. Based on the companies’ current capitalization, it is anticipated that Agrify shareholders will collectively own approximately 30% of the post-merger common stock of the combined companies.

The investigation concerns whether the Agrify Board breached its fiduciary duties to shareholders by failing to conduct a fair process, including whether the deal consideration offers fair value to the Company’s shareholders.

If you own shares of Agrify stock and wish to discuss the legal ramifications of the investigation, or have any questions, you may e-mail or call the law office of Brodsky & Smith who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire, or Marc L. Ackerman by email at clients@brodsky-smith.com, or call toll free 855-576-4847.

Brodsky & Smith is a litigation law firm with extensive expertise representing shareholders throughout the nation in securities and class action lawsuits. The attorneys at Brodsky & Smith have been appointed by numerous courts throughout the country to serve as lead counsel in class actions and have successfully recovered millions of dollars for our clients and shareholders. Attorney advertising. Prior results do not guarantee a similar outcome.

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