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Agroz Inc. Announces Anticipated Reverse Stock Split

Agroz Inc. (NASDAQ: AGRZ), a pioneering agricultural technology firm, has announced a significant corporate action: a 1-for-20 reverse stock split. This move is set to take effect at midnight on September 29, 2026. The reverse split aims to consolidate the number of shares while providing a new structure for the company's financial positioning.

Key Details of the Reverse Stock Split

The reverse stock split means that every 20 shares currently held by shareholders will be combined into a single share. For shareholders who own fractional shares due to this consolidation, any fractional amounts will be rounded up, providing them with a complete share. Additionally, while the trading symbol will remain as "AGRZ," the ordinary shares will adopt a new CUSIP number, which is G0136M119, following the split.

Another critical aspect is the adjustment of stock options and warrants: both will see proportional adjustments to align with the new share count resulting from the split. This adjustment will affect the underlying ordinary shares and the respective exercise prices tied to outstanding warrants.

Shareholder Impact

For shareholders holding physical certificates, there will be instructions from VStock Transfer, LLC, the company’s transfer agent, on how to proceed with the exchange post-split. It's important to clarify that while the number of shares will decrease, this action doesn’t inherently affect the total value of shareholder equity; it simply restructures the number of outstanding shares and adjusts their price accordingly.

Agroz estimates that the total number of ordinary shares after the split will be reduced to approximately 1,842,675, down from about 36,853,485 shares prior to the effective date. This reduction is strategic, aiming to enhance the market perception and tradeability of its stock moving forward.

About Agroz Inc.

Agroz Inc. stands at the forefront of agricultural innovation, specializing in Controlled Environment Agriculture (CEA). The company designs, builds, and manages vertical farms that meet high sustainability and quality standards. By empowering communities with locally grown, pesticide-free vegetables, Agroz not only focuses on improving health through quality food but also spearheads educational initiatives on innovative farming practices.

The competitive edge of Agroz lies in its proprietary operating system, known as Agroz OS. This integrated system encompasses automated management tools to optimize farm conditions and facilitate effective communication processes for the smooth operation of vertical farming practices.

As we look towards the implications of the reverse stock split, it's also essential to acknowledge the cautionary notes regarding forward-looking statements. Actual results may diverge significantly from the estimates, influenced by various market dynamics and internal corporate strategies.

In summary, Agroz Inc. continues to position itself as a leader in agricultural technology while taking calculated steps to enhance its financial framework, supporting both its strategic growth methods and shareholder equity in the foreseeable future.