AAGR News

African Agriculture, a US-based alfalfa grower setting up operations in Senegal, withdrew its plans for an initial public offering on Thursday. It originally filed in March 2022 with a proposed deal size of $40 million. In November 2022, African Agriculture agreed to go public via SPAC 10X Capital Venture Acquisition II (VCXA). African Agriculture began operations to produce...read more

Despite headwinds in the SPAC market, some small companies are abandoning their traditional public offering plans in favor of the IPO alternative. Early-stage alfalfa producer African Agriculture (AAGR) and preclinical drug developer Intrinsic Medical (INRX) are the latest IPO candidates to pursue public listings via SPAC mergers. Originally...read more

The 1Q22 IPO market ended with another quiet week. Just two SPACs priced. The most notable news came from the IPO pipeline. Four IPOs and two direct listings submitted initial filings, led by AIG carve-out SAFG Retirement Services (SAFG), which could raise up to $3 billion. Four issuers also refreshed their filings with updated financials, including...read more

African Agriculture, a US-based alfalfa producer operating in Senegal, filed on Thursday with the SEC to raise up to $40 million in an initial public offering. African Agriculture began operations to produce alfalfa for cattle feed and nutrition in 2021 and currently operates solely in Senegal, though it has created a foothold and plans to expand into Niger. In December, the...read more