AGRZ News & Events

Agroz received a deficiency letter from Nasdaq notifying the company that, for the preceding 30 consecutive business days, the closing bid price for the company's Ordinary Shares, par value $0.0001 per share, was below the minimum $1.00 per share requirement for continued listing on Nasdaq. The receipt of this letter has no immediate effect on the company's Nasdaq listing. The company has been provided an initial period of 180 calendar days, or until August 17, to regain compliance with the bid price requirement. If at any time during the compliance period the closing bid price of the shares is at least $1 for a minimum of ten consecutive business days, this matter will be closed. If the company does not regain compliance during the compliance period, the company may be eligible for an extension of an additional 180 calendar days. If the company chooses to implement a reverse stock split, it must complete such split no later than 10 business days prior to the compliance date. If it appears to the Staff that the company will not be able to cure its deficiency, or if the company is otherwise not eligible, Nasdaq will determine to delist the company's shares, at which point the company will have an opportunity to appeal the delisting determination to a Hearings Panel.

Agroz announced a strategic collaboration with U.S.-based Harvest Today, developer of the patented Harvest Wall growing system, to launch the Agroz Groz Wall. Under Agroz and Harvest Today's collaboration, Agroz will integrate Harvest Today's grow system as a key component to the development of the Agroz Groz Wall that will be offered to farms, hotels, restaurants, cafes and schools.

Agroz (AGRZ), an agricultural technology company advancing food security technology, priced 1.25M shares at $4.00 per share. US Tiger Securities is acting as sole book runner for the offering.

VCI Global (VCIG), through its capital advisory arm, V Capital Consulting Group, announced the Nasdaq listing of Agroz (AGRZ), an agricultural technology company advancing food security technology, with shares scheduled to commence trading today on Nasdaq. This transaction marks VCI Global's second Nasdaq IPO in six months, reinforcing its position as a cross-border capital markets leader. To date, VCCG has assisted IPO clients in raising more than $23M and has generated over $20M in advisory fees through a combination of cash and equity structures.