News

Jinse Finance reported that Canary Capital has issued a statement announcing the launch of the Canary Litecoin ETF and Canary HBAR ETF on Nasdaq on October 28 (U.S. market open on the evening of the 28th, East 8th time zone). Prior to the launch of these ETFs, the U.S. Securities and Exchange Commission (SEC) issued guidance a week after the government shutdown, clarifying the procedures for companies seeking to list. According to a source familiar with the matter, the SEC stated in the guidance that if companies wish to list, they can submit an S-1 registration statement without the so-called delayed amendment. A delayed amendment means the ETF will not become effective after 20 days, giving the SEC time to process feedback from all parties. The S-1 document must be the final version, and if any modifications are made, the effective period must be recalculated and will take effect within 20 days. As part of this process, companies must submit Form 8-A, two of which were submitted earlier on Monday by Canary Capital.

Jinse Finance reported that AgriFORCE Growing Systems (NASDAQ: AGRI) announced that the company has received shareholder approval to complete the previously announced transaction, becoming the first publicly listed company focused on the Avalanche ecosystem. This transaction includes a private investment in public equity (PIPE) of approximately $300 million led by Hivemind Capital, which is expected to be completed by October 30. After the transaction is completed, the company will be renamed AVAX One and will change its stock ticker to reflect its strategic focus on the Avalanche ecosystem. AVAX One plans to hold over $700 million worth of AVAX tokens through a digital asset treasury strategy, aiming to build an institutional-grade Avalanche access platform. The company will continue to operate its existing AgriFORCE business, focusing on energy-driven digital infrastructure and clean energy technology.