Agroz Inc. Announces Reverse Stock Split
Agroz Inc. will implement a 1-for-20 reverse stock split, effective September 29, 2026. The move aims to reduce the number of outstanding shares and increase the share price.
Kuala Lumpur, Malaysia – Agroz Inc. (NASDAQ: AGRZ), a company focused on vertical farming technology, announced it will execute a 1-for-20 reverse stock split. The split is scheduled to take effect at 12:00 AM Eastern Time on September 29, 2026.
The reverse stock split will consolidate every 20 issued and outstanding ordinary shares into one ordinary share. Agroz stated that the split does not alter the overall value of shareholder equity but will reduce the number of outstanding shares while proportionally increasing the share price. The trading symbol AGRZ will remain unchanged, though the shares will receive a new CUSIP number.
Agroz Inc. operates as a vertically integrated agricultural technology company, designing, building, and managing indoor Controlled Environment Agriculture (CEA) vertical farms. The company supplies fresh, pesticide-free vegetables directly to consumers and businesses, leveraging its proprietary Agroz OS system for farm management.
Following the split, the company anticipates approximately 1.84 million shares will be outstanding, down from roughly 36.85 million shares prior to the split. Outstanding stock awards, options, and warrants will be proportionally adjusted.