AgriFORCE shares fall 10.36% intraday as board restructures post-PIPE transaction with share increase.

AgriFORCE Growing Systems fell 10.36% intraday following the announcement of board restructuring tied to a completed PIPE transaction. The company disclosed the resignation of four directors and appointment of four new members, including executives from KKR, TLGY Acquisition Corp., and BlockCore Partners, as part of the capital-raising effort. While the changes were framed as operational adjustments rather than conflicts, the abrupt leadership turnover may have signaled instability to investors, triggering a sell-off. The market’s negative reaction suggests uncertainty over the strategic direction post-restructuring, despite the infusion of capital.