AGROZ INC. ANNOUNCES ANTICIPATED REVERSE STOCK SPLIT

The AGRZ symbol will remain unchanged, while outstanding warrants and their exercise prices will be adjusted proportionally.

Rhea-AI Summary

Agroz (AGRZ) plans a 1-for-20 reverse stock split of its Class A ordinary shares effective September 29, 2026. The split takes effect at 12:00 a.m. Eastern time. Shareholders entitled to fractional shares will receive one full share for each fractional portion.

Agroz expects approximately 36,853,485 shares before the split and approximately 1,842,675 afterward. It dates both share-count estimates September 28, one day before the stated effective date. The AGRZ symbol will remain unchanged, and the shares will receive a new CUSIP number, G0136M119. Outstanding stock awards, options, reserved shares and warrants will be adjusted proportionally, including warrant exercise prices.

News Explained

Agroz says its 1-for-20 split, scheduled for September 29, 2026, applies to authorized Class A shares as well as issued and outstanding shares, so its stated scope includes the authorized share pool, not only shares currently held.

Argus 15 min delay 17 alerts

-17.53% vs previous close $0.20 last price 1.2x rel. volume Open Argus

Details

Market move: AGRZ -17.53% vs previous close. 1-for-20 reverse stock split

$0.20 $0.24 Day Range

$4.28M Market Cap

On Sep 24, the day this news came out, the latest delayed price for AGRZ is 17.53% below the previous close. Our momentum scanner has recorded 17 alerts for this stock so far that day. The latest delayed price is $0.20.

Data tracked by StockTitan Argus (15 min delayed). Upgrade to Gold for real-time data.

Market Context

The 11.09% decline was recorded after the Aug. 21 notice included a proposed reverse split amid Nasd...

Analysis

The 11.09% decline was recorded after the Aug. 21 notice included a proposed reverse split amid Nasdaq deficiencies; the current notice specifies a split, making that earlier corporate-action record directly relevant without implying a repeated reaction.

Key Figures

Reverse split ratio: 1-for-20 Effective date and time: September 29, 2026, 12:00 a.m. Eastern time Fractional share treatment: 1 full share per fractional portion

Reverse split ratio

1-for-20

Applied to issued and outstanding and authorized Class A Ordinary Shares

Effective date and time

September 29, 2026, 12:00 a.m. Eastern time

Stated effective time for the reverse split

Fractional share treatment

1 full share per fractional portion

Shareholders entitled to fractional shares

Historical Context

1 past event · Latest: Aug 21

1 event

1. Aug 21

   Reverse split plan

   24h Move

   -11.1%

   Company prepared a 1-for-10 reverse split amid Nasdaq delisting and compliance issues.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

reverse stock split, cusip, par value

3 terms

reverse stock split financial

"will effect a 1-for-20 reverse stock split"

A reverse stock split reduces a company's number of outstanding shares while raising the price per share proportionally, so the total value of each investor's holding is unchanged; a 1-for-10 split turns 100 shares worth $1 each into 10 shares worth $10 each. Companies often do this to regain compliance with an exchange's minimum price rule or to attract investors who avoid very low-priced stocks.

cusip technical

"designated a new CUSIP number"

A CUSIP is a nine-character alphanumeric code that uniquely identifies a U.S. or Canadian financial security—such as a stock, bond, or fund share—like a Social Security number for an investment. It matters to investors because brokers, exchanges and record-keepers use the CUSIP to match trades, track ownership, settle transactions and pull accurate records, reducing errors and ensuring money and securities go to the right place.

View in glossary

par value financial

"par value $0.001 per share"

Par value is the fixed amount printed on a bond or stock that represents its original value when issued. It’s like the face value of a coin or bill—what the issuer promises to pay back or the starting price of a stock—though it often doesn’t change with market prices. It matters because it helps determine certain financial details, like how much the company will pay back at maturity.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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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.

View original content to download multimedia:https://www.prnewswire.com/news-releases/agroz-inc-announces-anticipated-reverse-stock-split-302889571.html

SOURCE Agroz Inc

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

When does Agroz (AGRZ)'s reverse stock split take effect?

Agroz's 1-for-20 reverse stock split takes effect at 12:00 a.m. Eastern time on September 29, 2026. Every 20 issued and outstanding Class A ordinary shares will be consolidated into one share.

Can Agroz shareholders exchange physical certificates after the reverse stock split?

Shareholders holding physical certificates can exchange them through VStock Transfer if they wish. The transfer agent will provide detailed instructions.