Nasdaq warns Agroz Inc. (AGRZ) over sub-$1 minimum bid price
Rhea-AI Filing Summary
Agroz Inc. received a notice from Nasdaq that its ordinary shares have closed below the required $1.00 minimum bid price for 30 consecutive business days, triggering non-compliance with Nasdaq Listing Rule 5550(a)(2).
The company has 180 days, until August 17, 2026, to regain compliance by having a closing bid of at least $1.00 for ten straight business days. If it still does not comply, Agroz may qualify for an additional 180-day extension if it meets other Nasdaq listing standards and formally states an intention to cure the issue, including potentially using a reverse stock split. If compliance is not restored and no extension or cure is achieved, Nasdaq may move to delist the shares, which Agroz could then appeal. The company plans to monitor its share price and consider available options.
Positive
- None.
Negative
- Nasdaq minimum bid-price deficiency increases the risk of Agroz Inc.’s ordinary shares eventually being delisted if the company cannot restore the price to at least $1.00 for the required period within the Nasdaq cure timetable.
Insights
Nasdaq bid-price non-compliance introduces listing risk for Agroz.
Agroz Inc. has fallen below Nasdaq’s $1.00 minimum bid for 30 consecutive business days, formally placing it out of compliance with Listing Rule 5550(a)(2). This does not immediately affect trading but starts a defined cure timetable.
The company has until
If the price does not recover and no effective remedy is implemented at least ten business days before the compliance deadline, Nasdaq may initiate delisting, with an appeal process available. Actual impact on shareholders will depend on whether Agroz restores compliance within the current or any extended period.