As filed with the Securities and Exchange Commission on June 12, 2025

Registration No. 333-       

 

 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM S-8

REGISTRATION STATEMENT

UNDER

THE SECURITIES ACT OF 1933

 

AGRIFY CORPORATION

(Exact name of registrant as specified in its charter)

 

Nevada   30-0943453
(State or other jurisdiction of   (I.R.S. Employer
incorporation or organization)   Identification No.)

 

2220 Hicks Road, Suite 210    
Rolling Meadows, IL   60008
(Address of Principal Executive Offices)   (Zip Code)

 

Agrify Corporation 2022 Omnibus Equity Incentive Plan

(Full title of the plan)

 

Benjamin Kovler

Interim Chief Executive Officer

2220 Hicks Road, Suite 210

Rolling Meadows, IL 60008
(Name and address of agent for service)

 

(855) 420-0020
(Telephone number, including area code, of agent for service)

 

With a copy to:

Robert A. Petitt, Esq.

Blank Rome LLP

125 High Street

Boston, MA 02110

(617) 415-1200

 

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

 

Large accelerated filer Accelerated filer
Non-accelerated filer Smaller reporting company
    Emerging growth company

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 7(a)(2)(B) of the Securities Act.

 

 

 

 

 

 

EXPLANATORY NOTE

 

Agrify Corporation, a Nevada corporation (the “Company,” “we,” “us” or “our”), previously registered 185,097 shares of the Company’s common stock, $0.001 par value per share (the “Common Stock”), available for issuance pursuant to the Agrify Corporation 2022 Omnibus Equity Incentive Plan, as amended (the “Plan”). The Company registered such shares of Common Stock under the Plan on a Form S-8 Registration Statement filed with the Securities and Exchange Commission (“SEC”) on July 1, 2022 (Registration Number 333-265950) and a Form S-8 Registration Statement filed with the SEC on November 26, 2024 (Registration Number 333-257340), in accordance with the Securities Act of 1933, as amended.

 

On June 11, 2025, the Company’s shareholders approved an amendment to the Plan (the “Plan Amendment”) to increase the number of shares of Common Stock which may be issued pursuant to the Plan by an additional 250,000 shares (the “Additional Shares”). This Registration Statement on Form S-8 is being filed to register the Additional Shares for issuance under the Plan pursuant to the Plan Amendment.

 

The share numbers set forth above retroactively reflect the 1-for-10 reverse stock split completed by the Company on October 18, 2022, the 1-for-20 reverse stock split completed by the Company on July 5, 2023, and the 1-for-15 reverse stock split completed by the Company on October 8, 2024, as applicable.

 

Pursuant to General Instruction E of Form S-8, the contents of the Registration Statement on Form S-8 filed with the SEC on July 1, 2022 (File No. 333-265950) are incorporated herein by reference, except to the extent supplemented, amended or superseded by the information set forth herein.

 

 

 

 

Part ii

 

INFORMATION REQUIRED IN THE REGISTRATION STATEMENT

 

Item 3. Incorporation of Documents by Reference.

 

The rules of the SEC allow us to incorporate by reference into this Registration Statement the information we file with it, which means that we can disclose important information to you by referring you to those documents. The information incorporated by reference is considered to be part of this Registration Statement, and information that we file later with the SEC will automatically update and supersede this information. This Registration Statement incorporates by reference the documents listed below (other than portions of these documents that are deemed furnished under applicable SEC rules rather than filed and exhibits furnished in connection with such items):

 

a)Our Annual Report on Form 10-K for the year ended December 31, 2024 filed with the SEC on March 21, 2025, as amended on March 28, 2025;

 

b)Our Quarterly Report on Form 10-Q for the quarter ended March 31, 2025, filed with the SEC on May 9, 2025;

 

c)Our Current Reports on Form 8-K filed with the SEC on December 16, 2024 (as amended on February 25, 2025), January 6, 2025, January 7, 2025, February 5, 2025, March 21, 2025, March 31, 2025, and May 22, 2025;

 

d)Our Definitive Proxy Statement on Schedule 14A filed with the SEC on April 30, 2025; and

 

e)The Description of our Common Stock Registered Pursuant to Section 12 of the Securities Exchange Act of 1934 filed with the SEC on April 2, 2021 as Exhibit 4.5 to our Annual Report on Form 10-K for the fiscal year ended December 31, 2020.

 

All documents that the registrant subsequently files pursuant to Sections 13(a), 13(c), 14 and 15(d) of the Exchange Act (other than any such documents or portions thereof that are deemed to have been furnished and not filed in accordance with the rules of the SEC), prior to the filing of a post-effective amendment to this Registration Statement which indicates that all of the shares of common stock offered have been sold or which deregisters all of such shares then remaining unsold, shall be deemed to be incorporated by reference in this registration statement and to be a part hereof from the date of the filing of such documents.

 

Any statement contained in a document incorporated or deemed to be incorporated by reference herein shall be deemed to be modified or superseded to the extent that a statement contained herein or in any other subsequently filed document which also is or is deemed to be incorporated by reference herein modifies or supersedes such statement. Any such statement so modified or superseded shall not be deemed, except as so modified or superseded, to constitute a part of this registration statement.

 

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Item 8. Exhibits.

 

Exhibit
Number
  Document
4.1   Articles of Incorporation of the Registrant (incorporated by reference to Exhibit 3.1 to the Registrant’s Amendment No. 1 to Registration Statement on Form S-1 filed with the Securities and Exchange Commission on January 13, 2021)
     
4.2   Articles of Amendment to Articles of Incorporation of Agrify Corporation, filed October 3, 2024 (incorporated by reference to Exhibit 3.1 to the Registrant’s Current Report on Form 8-K filed with the Securities and Exchange Commission on October 4, 2024)
     
4.3   Third Amended and Restated Certificate of Designations of the Series A Convertible Preferred Stock of the Registrant (incorporated by reference to Exhibit 3.2 to the Registrant’s Amendment No. 1 to Registration Statement on Form S-1 filed with the Securities and Exchange Commission on January 13, 2021)
     
4.4   Second Amended and Restated Bylaws of the Registrant (incorporated by reference to Exhibit 3.1 to the Registrants Current Report on Form 8-K filed with the Securities and Exchange Commission on August 9, 2024)
     
4.5   2022 Agrify Corporation Omnibus Equity Incentive Plan, as amended (incorporated by reference to Appendix A to the Registrant’s Definitive Proxy Statement on Schedule 14A filed with the Securities and Exchange Commission on April 30, 2025)
     
5.1*   Opinion of Fennemore Craig, P.C.
     
23.1*   Consents of GuzmanGray, Independent Registered Public Accounting Firm
     
23.2*   Consent of Marcum LLP, Independent Registered Public Accounting Firm
     
23.2*   Consent of Fennemore Craig, P.C. (contained in Exhibit 5.1)
     
24.1*   Power of Attorney (included on the signature page)
     
107*   Calculation of Filing Fees Table

 

*Filed herewith.

 

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SIGNATURES

 

Pursuant to the requirements of the Securities Act of 1933, as amended, the registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-8 and has duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the city of Chicago, State of Illinois, on June 12, 2025.

 

AGRIFY CORPORATION  
   
By: /s/ Benjamin Kovler  
Name: Benjamin Kovler  
Title: Chairman and Interim Chief Executive Officer  

 

POWER OF ATTORNEY

 

KNOW ALL PERSONS BY THESE PRESENTS, that each person whose signature appears below constitutes and appoints each of Benjamin Kovler and Brad Asher, as his or her true and lawful attorney-in-fact and agent, with full power of substitution and resubstitution, for him or her and in his or her name, place and stead, in any and all capacities, to sign any and all amendments to this Registration Statement on Form S-8, and to file the same, with all exhibits thereto, and other documents in connection therewith, with the United States Securities and Exchange Commission, granting unto said attorneys-in-fact and agents, and each of them, full power and authority to do and perform each and every act and thing requisite and necessary to be done in connection therewith, as fully to all intents and purposes as he or she might or could do in person, hereby ratifying and confirming all that said attorneys-in-fact and agents, or any of them, or their or his or her substitutes or substitute, may lawfully do or cause to be done by virtue hereof.

 

Pursuant to the requirements of the Securities Act of 1933, as amended, this Registration Statement has been signed by the following persons in the capacities and on the dates indicated.

 

Signature   Title   Date
         
/s/ Benjamin Kovler   Chairman and Interim Chief Executive Officer   June 12, 2025
Benjamin Kovler   (Principal Executive Officer)    
         
/s/ Brad Asher   Chief Financial Officer   June 12, 2025
Brad Asher   (Principal Financial and Accounting Officer)    
         
/s/ Max Holtzman   Director   June 12, 2025
Max Holtzman        
         
/s/ Timothy Mahoney   Director   June 12, 2025
Timothy Mahoney        
         
/s/ Armon Vakili   Director   June 12, 2025
Armon Vakili        
         
/s/ Peter Shapiro   Director   June 12, 2025
Peter Shapiro        
         
/s/ Krishnan Varier   Director   June 12, 2025
Krishnan Varier        
         
/s/ Sanjay Tolia   Director   June 12, 2025
Sanjay Tolia        

 

II-3

 


ATTACHMENTS / EXHIBITS

ATTACHMENTS / EXHIBITS

OPINION OF FENNEMORE CRAIG, P.C.

CONSENTS OF GUZMANGRAY, INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

CONSENT OF MARCUM LLP

CALCULATION OF FILING FEES TABLE