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.