GlobeNewswire Inc | Dec 27, 2021 09:00PM EST

December 28, 2021

NEW YORK, Dec. 27, 2021 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, is investigating potential claims against Agrify Corporation (Agrify or the Company) (NASDAQ: AGFY) on behalf of Agrify stockholders. Our investigation concerns whether Agrify has violated the federal securities laws and/or engaged in other unlawful business practices.

Click here to participate in the action.

On December 16, 2021, during trading hours, market analyst Bonitas Research published a report regarding Agrify which alleges several issues at the Company including that [w]e believe that Agrify created artificial demand for its product by financing undisclosed Company insiders to act as independent customers. Further the report alleges that Agrify insiders lied to investors about the independence of its customer base in order to execute a dubious stock promotion for self-enrichment at the expense of minority shareholders[,] and that [e]vidence showed that five (5) of Agrifys eight (8) customer announcements in 2021 are either with undisclosed Company insiders or with unlicensed unproven operators.

On this news, Agrifys common stock price fell sharply during intraday on December 16, 2021.

If you purchased or otherwise acquired Agrify shares and suffered a loss, are a long-term stockholder, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Brandon Walker or Alexandra Raymond by email at investigations@bespc.com, telephone at (212) 355-4648, or by filling out this contact form. There is no cost or obligation to you.

Contact Information:

Bragar Eagel & Squire, P.C.Brandon Walker, Esq.Alexandra B. Raymond, Esq.(212) 355-4648investigations@bespc.comwww.bespc.com