CRB Monitor Securities Database Updates
During the week of April 15 - 21, 2024, CRB Monitor’s research team made several updates to securities’ information and added source documents & relevant news articles to the CRB Monitor database.
Summary of the updates for the Week of April 15 - 21, 2024:
|
Tier |
Total # |
Active / Inactive / Pre-IPO |
Added |
Removed |
Net Change |
|
Tier 1A |
146 |
121 / 23 / 2 |
+0 | -0 | +0 |
|
Tier 1B |
708 |
557 / 149 / 2 |
+2 | -0 | +2 |
|
Tier 2 |
319 |
299 / 15 / 5 |
+0 | -3 | -3 |
|
Tier 3 |
486 |
458 / 27 / 1 |
+0 | -0 | +0 |
|
Total Issuances |
1,659 |
1,435 / 214 / 10 |
+2 | -3 | -1 |
|
Total Issuers (w/o Pre-IPOs) |
1,248 |
- |
+1 | -1 | +0 |
|
Total Issuers (w/ Pre-IPOs) |
1,258 |
- |
+1 | -1 | +0 |
Added 2 Tier 1B Securities:
- +2 = Added New CRB: (“Nature's Miracle Holding Inc.”) - 1 Issuer with 2 Issuances (1 Common & 1 Warrant)
Removed 3 Tier 2 Securities:
- -3 = Discarded Business Record from Database: (“Gesher I Acquisition Corp.”) - 1 Issuer with 3 Issuances (1 Common, 1 Warrant & 1 Unit)
- Rationale = Gesher I Acquisition Corp. operated as a blank check company/special purpose acquisition corporation (SPAC). Gesher was formed to complete a transaction within the cannabis industry. However, Gesher subsequently entered into an agreement with “Freightos”, a freight logistics company (non-cannabis-related). Given that Gesher entered and completed a non-cannabis deal, this business no longer qualifies for inclusion.
- Rationale = Gesher I Acquisition Corp. operated as a blank check company/special purpose acquisition corporation (SPAC). Gesher was formed to complete a transaction within the cannabis industry. However, Gesher subsequently entered into an agreement with “Freightos”, a freight logistics company (non-cannabis-related). Given that Gesher entered and completed a non-cannabis deal, this business no longer qualifies for inclusion.
All newly-identified CRBs during the week:
|
Company Name |
Tier |
Pure-Play | Sector |
Description |
| 1B | Yes | Owner/ Investor |
Business Description: Nature's Miracle Holding Inc. is an integrated agriculture technology company providing equipment and services to the Controlled Environment Agriculture industry. The company offers products including horticultural lighting, irrigation systems, power distribution systems, materials and equipment to indoor, greenhouse, hydroponic and vertical growers. Nature's Miracle has also developed cost-effective solutions for greenhouse systems, automated vertical farming, and modular container grow systems. Inclusion Rationale: Nature's Miracle Holding Inc. entered into an agreement to merge with publicly-traded Tier 1A CRB "Agrify Corporation" (NASDAQ: AGFY), a developer of premium grow solutions for the cannabis industry. Additionally, Agrify holds a license for hemp cultivation in Massachusetts. Pursuant to the agreement, Nature's Miracle Holding would acquire 100% of all the outstanding shares of Agrify Corporation. |