Mr. Agustin Aldave reports

AGRINAM ACQUISITION CORPORATION ANNOUNCES REDEMPTION PRICE ADJUSTMENT

On Sept. 29, 2023, Agrinam Acquisition Corp. announced that 11,261,363 Class A restricted voting shares were deposited for redemption and not withdrawn and were set to be redeemed pursuant to the option to redeem provided to holders of Class A restricted voting shares in connection with the corporation's special meeting of the holders of Class A restricted voting shares of the corporation and Class B shares of the corporation held on Sept. 14, 2023, whereat holders of Class A restricted voting shares and Class B shares approved an amendment to the amended and restated articles of the corporation to amend the definition of "three-month extension option" contained therein, as more particularly described in the press release of the corporation dated Sept. 15, 2023.

In connection with the redemption, each redeemed share was redeemed for approximately $10.4715 (U.S.) per redeemed share before taking certain applicable withholding taxes into account (the original redemption price), for approximately $117,923,232 (U.S.) in the aggregate. The original redemption amount was distributed to the holders of redeemed shares on or about Oct. 4, 2023.

Upon further review following payment of the original redemption amount, the corporation has subsequently determined that certain adjustments to the original redemption price are required. The effect of such adjustments is that each redeemed share is expected to be redeemed for $10.6686 (U.S.) per redeemed share instead of the original redemption price, resulting in each holder of redeemed shares receiving an additional 19.71 U.S. cents per redeemed share before taking certain applicable withholding taxes into account.

About Agrinam Acquisition Corp.

Agrinam Acquisition corporation is a special purpose acquisition corporation incorporated under the laws of the Province of British Columbia for the purpose of effecting, directly or indirectly, an acquisition of one or more businesses or assets, by way of a merger, amalgamation, arrangement, share exchange, asset acquisition, share purchase, reorganization or any other similar business combination within a specified period of time.

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