A Mooresville-based agricultural company has raised $1.5 million in equity, according to a filing Tuesday with the Securities and Exchange Commission.

International Agriculture Group filed the Form D on March 21. Chief Executive Officer Maurice Moragne signed the form.

Moragne previously served as a senior consultant at Patagonia Foods and the general manager of the business unit of Chiquita Fruit Solutions.

The company did not disclose what it intended to do with the proceeds. However, other than the payment of salaries, compensation and benefits, no officer, director, manager or promoter will receive any payments from the proceeds.

International Agriculture Group was created in 2015.

The company claimed a Rule 506 (b) exemption for the filing. Companies relying on the Rule 506 exemption do not have to register their offering of securities with the SEC, but they must file what’s known as a Form D electronically with the SEC after they first sell their securities.