Agroz Inc. Announces Pricing of Initial Public Offering

Rhea-AI Summary

Agroz (NASDAQ: AGRZ), a vertically integrated agricultural technology company specializing in indoor Controlled Environment Agriculture vertical farms, has announced the pricing of its initial public offering. The company is offering 1,250,000 ordinary shares at $4.00 per share, aiming to raise $5 million in gross proceeds.

Trading will commence on October 1, 2025, on the Nasdaq Capital Market under the symbol "AGRZ". The underwriters have a 45-day option to purchase up to 187,500 additional shares. US Tiger Securities is serving as the sole book runner, and the offering is expected to close on October 2, 2025.

The proceeds will fund capital expenditures, operating expenses, R&D, marketing, and potential acquisitions.

Positive

• IPO provides fresh capital of $5 million for growth initiatives
• Nasdaq listing enhances company visibility and access to capital markets
• Vertically integrated business model offers operational control and efficiency
• Underwriters have option to purchase additional shares worth up to $750,000

Negative

• Relatively small IPO size of $5 million may limit growth potential
• No specific acquisition targets identified for use of proceeds
• Potential dilution for existing shareholders

Insights

IPO Financial Analyst

Agroz Inc. raises $5M in modest IPO at $4/share, joining Nasdaq as a vertically integrated AgTech player.

Agroz Inc. has priced its IPO at $4.00 per share, raising gross proceeds of $5 million by offering 1,250,000 ordinary shares. This represents a relatively small public offering for a Nasdaq-listed company, suggesting a cautious market approach. The company has granted underwriters a 45-day option to purchase up to an additional 187,500 shares at the IPO price.

The Malaysian-based agricultural technology company focuses on indoor Controlled Environment Agriculture vertical farms with a fully vertically integrated business model—handling everything from design and construction to management and operations. This comprehensive approach could provide operational efficiencies but also requires significant capital investment across multiple business segments.

The intended use of proceeds covers several critical areas: capital expenditures, operating expenses, R&D, marketing, and potential acquisitions, though no specific targets have been identified. This broad allocation suggests the company is still in growth mode rather than focusing on a single strategic initiative.

With trading beginning October 1, 2025, under ticker symbol "AGRZ" on the Nasdaq Capital Market, this IPO provides investors first-time access to a player in the growing controlled environment agriculture sector. However, the $5 million raise is modest for a technology-focused agricultural company, potentially limiting near-term expansion capabilities compared to better-capitalized competitors in the vertical farming space.

KUALA LUMPUR, Malaysia, Oct. 1, 2025 /PRNewswire/ -- Agroz Inc. (NASDAQ: AGRZ) ("Agroz," the "Company," "we," "us," or "our"), an innovative, fully vertically integrated agricultural technology company designing, building, managing, and operating indoor Controlled Environment Agriculture vertical farms, today announced the pricing of its initial public offering (the "Offering") of an aggregate of 1,250,000 ordinary shares at a public offering price of $4.00 per share, for total gross proceeds of $5 million before deducting underwriting discounts and offering expenses. The Company's ordinary shares have been approved for listing on the Nasdaq Capital Market. Trading is expected to begin on October 1, 2025, under the ticker symbol "AGRZ".

The Company has granted the underwriters a 45-day option to purchase up to an additional 187,500 ordinary shares at the initial public offering price, less underwriting discounts.

The Offering is being conducted on a firm commitment basis. The Company intends to use the net proceeds from the Offering for capital expenditures, operating expenses, research and development, marketing, and acquisitions of certain companies (for which no specific acquisition target companies have been identified at this time). The Offering is expected to close on October 2, 2025, subject to customary closing conditions.

US Tiger Securities, Inc. ("US Tiger") is acting as sole book runner for the Offering. Sichenzia Ross Ference Carmel LLP is acting as U.S. legal counsel to the Company, and Greenberg Traurig, LLP is acting as U.S. legal counsel to US Tiger.

A registration statement on Form F-1 (File No. 333-284322) relating to the Offering was declared effective by the U.S. Securities and Exchange Commission (the "SEC") on September 17, 2025. The Offering is being made only by means of a prospectus. A preliminary prospectus relating to the Offering has been filed with the SEC. Electronic copies of the final prospectus relating to the Offering may be obtained, when available, by visiting the SEC's website located at http://www.sec.gov or by contacting US Tiger Securities, Inc. at 437 Madison Avenue, 27th Floor, New York, New York 10022, or by telephone at +1 646-978-5188.

This press release has been prepared for informational purposes only and shall not constitute an offer to sell or the solicitation of an offer to buy the Company's securities, nor shall there be any offer, solicitation, or sale of such securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Agroz Inc.

Agroz Inc. is an innovative, fully vertically integrated agricultural technology company designing, building, managing, and operating indoor 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, including those described in Agroz's prospectus filed 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.

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SOURCE Agroz Inc

FAQ

What is the IPO price for Agroz (NASDAQ:AGRZ) stock?

Agroz has priced its IPO at $4.00 per share, offering 1,250,000 ordinary shares to raise $5 million in gross proceeds.

When will Agroz (AGRZ) stock start trading on Nasdaq?

Agroz stock will begin trading on the Nasdaq Capital Market on October 1, 2025, under the ticker symbol 'AGRZ'.

How will Agroz use the IPO proceeds?

Agroz plans to use the proceeds for capital expenditures, operating expenses, R&D, marketing, and potential acquisitions of certain companies.

Who is the underwriter for the Agroz (AGRZ) IPO?

US Tiger Securities, Inc. is acting as the sole book runner for the Agroz IPO.

What is Agroz's main business?

Agroz is a vertically integrated agricultural technology company that designs, builds, manages, and operates indoor Controlled Environment Agriculture vertical farms.