Morgan Lewis Advises on AVAX One $300 Million Private Placement

NEW YORK, September 30, 2025: Morgan Lewis advised Cohen & Company Capital Markets, a division of Cohen & Company Securities, LLC, the exclusive placement agent and financial advisor, in connection with a $300 million private placement by AgriFORCE Growing Systems Ltd. (Nasdaq: AGRI) (AGRI) establishing the first NASDAQ-listed company with a dedicated strategy to maximize ownership of AVAX, the native token of the Avalanche network. Concurrent with the private placement, AGRI was renamed AVAX One.

AVAX One also announced its capital raising strategy, which is to own more than $700 million worth of AVAX tokens, making it a foundational partner in the growing ecosystem. The capital raise strategy will be constituted by a successfully raised approximately $300 million private investment in public equity (PIPE), subject to shareholder approval, and will involve near-future capital raising activities to raise up to an additional $250 million, which are expected to be focused on equity-linked instruments.

The Morgan Lewis team advising the placement agents includes partners Rahul K. Patel and Kevin S. Shmelzer and associate Maria F. Natera.