KUALA LUMPUR, Malaysia, Sept. 24, 2026 /PRNewswire/ -- Agroz Inc. (NASDAQ: AGRZ) ("Agroz" or the "Company"), an innovative, fully vertically integrated agricultural technology company designing, building, managing, and operating indoor Controlled Environment Agriculture vertical farms, today announced that it will effect a 1-for-20 reverse stock split (the "Split") of its issued and outstanding and authorized Class A Ordinary Shares, par value $0.001 per share ("Ordinary Shares"), effective at 12:00 am, Eastern time, on September 29, 2026.
Key Details of the Reverse Stock Split:
- Conversion Ratio: Every 20 issued and outstanding Ordinary Shares will be consolidated into one Ordinary Share.
- Fractional Shares: Shareholders entitled to fractional shares will receive one full share for each fractional portion.
- Updated Stock Identifier: While the trading symbol for the Ordinary Shares will remain "AGRZ," the Ordinary Shares will be designated a new CUSIP number G0136M119.
- Equity Adjustments: Outstanding stock awards, options, and the shares reserved will be adjusted proportionally to reflect the Split.
- Warrant Share and Exercise Price Adjustments: Any Ordinary Shares underlying outstanding warrants and the exercise price of the outstanding warrants will be adjusted proportionally to reflect this stock split.
Impact on Shareholders:
- Certificate Holders: Shareholders with physical certificates can exchange them, if desired, through VStock Transfer, LLC, the transfer agent of the Company, which will provide detailed instructions.
- Share Value: The reverse split does not impact the overall value of shareholder equity; it only reduces the number of shares outstanding while proportionally adjusting the share price.
Impact on our Ordinary Shares:
The Company anticipates that there will be approximately 1,842,675 Ordinary Shares issued and outstanding immediately following the anticipated reverse stock split on September 28, 2026. The Company anticipates that there will be approximately 36,853,485 Ordinary Shares issued and outstanding immediately prior to the anticipated reverse stock split on September 28, 2026.
About Agroz Inc.
Agroz Inc. is an innovative, fully vertically integrated agricultural technology company designing, building, managing, and operating indoor and outdoor Controlled Environment Agriculture ("CEA") vertical farms. Agroz also operates CEA vertical farms in local communities to grow and deliver clean, pesticide free, fresh and nutritious rich vegetables directly to consumers and businesses, and to educate the public on how its vegetables are grown. Agroz believes its competitive advantage stems from its proprietary Agroz OS system, a vertical farm operating system comprised of (i) digitally automated hardware systems enabling management of vertical farm conditions, and (ii) certain software solutions enabling email and communication systems for vertical farm organization.
CAUTIONARY STATEMENT CONCERNING FORWARD-LOOKING STATEMENTS
This press release contains "forward-looking statements." You can identify forward-looking statements as those that are not historical in nature, particularly those that use terminology such as "may," "should," "expects," "anticipates," "contemplates," "estimates," "believes," "plans," "projected," "predicts," "potential," or "hopes" or the negative of these or similar terms. The reader is cautioned not to rely on these forward-looking statements. Actual results could vary materially from the expectations and projections of Agroz. We base these forward-looking statements on our expectations and projections about future events, which we derive from the information currently available to us. Such forward-looking statements relate to future events or our future performance, including, without limitation, statements regarding the closing of the Offering and the use of proceeds from the sale of our ordinary shares in the Offering. These and other factors may cause our actual results to differ materially from any forward-looking statement. Forward-looking statements are only predictions. The forward-looking statements discussed in this press release and other statements made from time to time by us or our representatives may not occur, and actual events and results may differ materially and are subject to risks, uncertainties and assumptions about us more fully described in Agroz's filings with the SEC. We do not undertake to update any forward-looking statement as a result of new information or future events or developments, except as required by U.S. federal securities laws.
SOURCE Agroz Inc
