AgriFORCE Announces Reverse Stock Split
Rhea-AI Summary
AgriFORCE Growing Systems (NASDAQ: AGRI) has announced a 1-for-9 reverse stock split of its common shares, effective July 28, 2025. The company's Board of Directors approved this measure following shareholder authorization received on June 6, 2025.
The reverse split will reduce AGRI's outstanding shares from 7,851,398 to approximately 872,377. This strategic move is specifically implemented to meet Nasdaq's minimum bid price requirements under Listing Rule 5550(a)(2), aiming to maintain the company's listing status.
Positive
- Potential compliance with Nasdaq listing requirements
- Reduced number of outstanding shares may attract institutional investors
Negative
- Reverse split indicates stock price weakness
- No fundamental business value change
- Risk of continued price decline post-split
News Market Reaction 27 Alerts
On the day this news was published, AGRI declined 22.45%, reflecting a significant negative market reaction. Argus tracked a trough of -28.4% from its starting point during tracking. Our momentum scanner triggered 27 alerts that day, indicating elevated trading interest and price volatility. This price movement removed approximately $572K from the company's valuation, bringing the market cap to $2M at that time. Trading volume was above average at 1.6x the daily average, suggesting increased trading activity.
Data tracked by StockTitan Argus on the day of publication.
VANCOUVER, British Columbia and West Palm Beach, FL, July 24, 2025 (GLOBE NEWSWIRE) -- AgriFORCE Growing Systems Ltd. (“the Company”) (NASDAQ: AGRI) today announced the Company’s Board of Directors has approved a reverse stock split of the Company’s issued and outstanding common shares whereby every nine (9) shares of its outstanding common shares will automatically be combined into one (1) common share. The reverse split was approved by the Company’s shareholders on June 6, 2025 and will be effective as of the commencement of trading on July 28, 2025 at the open of market. As of the close of business on July 23, 2025, we had 7,851,398 shares of stock issued and outstanding. Post reverse split, this would equate to 872,377 shares. The reverse stock split is being implemented for the purpose of complying with the closing bid price requirement set forth in Nasdaq Listing Rule 5550(a)(2).
ABOUT AGRIFORCE
AgriFORCE Growing Systems Ltd. (NASDAQ: AGRI; AGRIW) is a tech company focused on building an integrated platform that combines the best technology, intellectual property, and knowledge to solve an urgent problem – providing the best solutions to help drive value added benefits to our shareholders through use of sustainable technologies. Additional Follow AgriFORCE on Social Media:
- X: @agriforcegs
- LinkedIn: @agriforcegs
- Instagram @agriforcegs
- Facebook @agriforcegs
- Truth Social: @agriforcegs
Forward-Looking Statements
Statements made in this press release include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements are identified by words such as "may," "will," "plan," "should," "expect," "anticipate," "estimate," "continue," and similar expressions. These statements involve risks, uncertainties, and other factors-some of which are beyond the Company's control-that may cause actual results to differ materially from those expressed or implied, including but not limited to our ability to mine Bitcoin profitably and certain geopolitical and other third party risks beyond our control. Readers are cautioned not to place undue reliance on these forward-looking statements and are encouraged to review the Company's periodic filings with the SEC under the heading "Risk Factors" in Forms 10-K, 10-Q, and 8-K. The Company undertakes no obligation to revise or update forward-looking statements due to new information or future developments.
For more information, visit www.agriforcegs.comFor Further Information, please Contact:Investor Relations, 1-561-717-1742, info@agriforcegs.com
SOURCE: AgriFORCE Growing Systems
FAQ
What is the ratio of AgriFORCE's (AGRI) reverse stock split announced for July 2025?
When will AGRI's reverse stock split take effect?
How many shares will AGRI have outstanding after the reverse split?
Why is AgriFORCE implementing a reverse stock split?
When did AGRI shareholders approve the reverse stock split?
