AgroFresh Solutions, Inc. (NASDAQ: AGFS), a global leader in produce
freshness solutions, announced today an amendment to a warrant purchase
agreement that provides additional financial flexibility for share
repurchases and other uses of cash. This reflects Dow’s and Avenue
Capital’s continued support of the AgroFresh business.
The Company has today filed an 8K with the Securities and Exchange
Commission detailing the amendment of its Warrant Purchase Agreement,
dated July 31, 2015, with Rohm and Haas Company, Boulevard Acquisition
Sponsor, and The Dow Chemical Company.
About AgroFresh
AgroFresh Solutions, Inc. (NASDAQ: AGFS) is a global industry leader in
providing innovative data-driven specialty solutions aimed at enabling
growers and packers of fresh produce to preserve and enhance the
freshness, quality and value of fresh produce and to maximize the
percentage of produce supplied to the market relative to the amount of
produce grown. Its flagship product is the SmartFreshSM
Quality System, a freshness protection technology proven to maintain
firmness, texture and appearance of fruits during storage and transport.
SmartFresh is currently commercialized in 45 countries worldwide. For
more information, please visit www.agrofresh.com.
Forward-Looking Statements
In addition to historical information, this release may contain
“forward-looking statements” within the meaning of the “safe harbor”
provisions of the United States Private Securities Litigation Reform Act
of 1995. All statements, other than statements of historical facts,
included in this release that address activities, events or developments
that the Company expects or anticipates will or may occur in the future
are forward-looking statements and are identified with, but not limited
to, words such as “anticipate”, “believe”, “expect”, “estimate”, “plan”,
“outlook”, and “project” and other similar expressions (or the negative
versions of such words or expressions). Forward-looking statements
include, without limitation, information concerning the Company’s
possible or assumed future results of operations (including estimates
used to calculate the adjusted financial information presented in this
press release), business strategies, competitive position, industry
environment, potential growth opportunities and the effects of
regulation. These statements are based on management’s current
expectations and beliefs, as well as a number of assumptions concerning
future events. Such forward-looking statements are subject to known and
unknown risks, uncertainties, assumptions and other important factors,
many of which are outside the Company’s management’s control that could
cause actual results to differ materially from the results discussed in
the forward-looking statements. These risks include, without limitation,
the risk that the Business Combination disrupts current plans and
operations; the Company’s ability to recognize the anticipated benefits
of the Business Combination, which may be affected by, among other
things, competition and the ability of the combined business to grow and
manage growth profitably; costs related to the Business Combination
and/or related to operating AgroFresh as a stand-alone public company;
changes in applicable laws or regulations, and the possibility that the
Company may be adversely affected by other economic, business, and/or
competitive factors. Additional risks and uncertainties are identified
and discussed in the Company’s filings with the SEC, including the
definitive proxy statement filed on July 16, 2015 with the SEC in
connection with the Business Combination and available at the SEC’s
website at www.sec.gov.
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