AGRIFORCE GROWING SYSTEMS LTD
For the period ended Jun 30, 2024. Filed Aug 13, 2024.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2024 · Filed Aug 13, 2024
What changed in Risk Factors?
Read the current filingPrevious report: 10-Q
Period ended 2024-03-31; filed 2024-05-15.
0001493152-24-019561
Item 1A. Risk FactorsUnregistered Sales of Equity Securities and Use of ProceedsDefaults Upon Senior SecuritiesMine Safety DisclosuresCurrent report: 10-Q
Period ended 2024-06-30; filed 2024-08-13.
0001493152-24-031696
Item 1A. Risk FactorsUnregistered Sales of Equity Securities and Use of ProceedsDefaults Upon Senior SecuritiesMine Safety DisclosuresThe baseline is this issuer’s latest earlier reporting period of the same form that was filed before the current report. A previous 10-Q is a different quarter, not a year-over-year comparison. Amendments are excluded.
Compared 17 previous paragraphs and 18 current paragraphs.
11 unchanged; 4 reworded; 2 added; 1 removed; 1 previous and 1 current paragraphs rearranged.
Tables are not compared: 0 previous and 0 current tables excluded. Dates, whitespace, punctuation and numbering changes are ignored; changes to financial figures remain significant.
A changed paragraph is not evidence that risk increased or decreased. An unchanged paragraph does not establish that risk stayed the same.
Added paragraphs (2)
Current report
6,425 common shares were issued upon conversion of vested prefunded warrants.
Current report
On May 22, 2024, an Investor purchased an additional tranche of $833,000. The convertible debt and warrants were issued with an exercise price of $0.10 and $0.11, respectively. The issuance of the additional tranche triggered the down round provision, adjusting the exercise prices of the First, Second, Third, Fourth, Fifth and Sixth Tranche Debentures and the First, Second, Third, Fourth, Fifth and Sixth Tranche Warrants to $0.10.
Removed paragraphs (1)
Previous report
6,425 common shares were issued upon conversion of prefunded warrants.
Reworded paragraphs (4)
Previous wording
16,493,602 common shares were issued upon conversion of convertible debt.
Current wording
77,999,099 common shares were issued upon conversion of convertible debt.
Previous wording
112,645 common shares were issued as part of compensation to Company officers.
Current wording
345,013 common shares were issued as part of compensation to Company officers.
Previous wording
126,646 common shares were issued to consultants.
Current wording
142,310 common shares were issued to consultants.
Previous wording
3,440,489 common shares were issued upon conversion of convertible debt.
Current wording
7,500,000 common shares were issued upon conversion of convertible debt.
Rearranged current paragraphs (1)
Current report — wording carried from elsewhere
509,442 common shares were issued as part of compensation to Company officers.
Rearranged previous paragraphs (1)
Previous report — wording carried elsewhere
15,644 common shares were issued to consultants.