African Agriculture (AAGR) Files IPO Registration Statement

May 24, 2022 5:31 PM EDT

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African Agriculture (NASDAQ: AAGR) has filed for a proposed IPO.

The company describes itself as: "We believe as a company we have an ability to become a participant in the sale of alfalfa and carbon credits, and in the field of biofuels. We aspire to produce fish via aquaculture, and ultimately, dairy and meat production, while simultaneously deriving valuable by-products. Our competitive advantages in each operating vertical includes our sun access, land abundance, water costs, potential for scale efficiency and favorable logistics, all of which are vital to successful agricultural execution."

Spartan Capital Securities, LLC will serve as sole underwriter.

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