AgriFORCE Announces Reverse Stock Split
AgriFORCE Growing Systems (NASDAQ: AGRI) has announced a 1-for-9 reverse stock split of its common shares, effective July 28, 2025. The company's Board of Directors approved this measure following shareholder authorization received on June 6, 2025.
The reverse split will reduce AGRI's outstanding shares from 7,851,398 to approximately 872,377. This strategic move is specifically implemented to meet Nasdaq's minimum bid price requirements under Listing Rule 5550(a)(2), aiming to maintain the company's listing status.
AgriFORCE Growing Systems (NASDAQ: AGRI) ha annunciato un raggruppamento azionario inverso 1 per 9 delle sue azioni ordinarie, con effetto dal 28 luglio 2025. Il Consiglio di Amministrazione della societ脿 ha approvato questa misura dopo aver ottenuto l'autorizzazione degli azionisti il 6 giugno 2025.
Il raggruppamento ridurr脿 le azioni in circolazione di AGRI da 7.851.398 a circa 872.377. Questa mossa strategica 猫 stata adottata specificamente per soddisfare i requisiti minimi di prezzo di offerta di Nasdaq secondo la Regola di Quotazione 5550(a)(2), con l'obiettivo di mantenere lo status di quotazione della societ脿.
AgriFORCE Growing Systems (NASDAQ: AGRI) ha anunciado una consolidaci贸n inversa de acciones 1 por 9 de sus acciones comunes, que entrar谩 en vigor el 28 de julio de 2025. La Junta Directiva de la empresa aprob贸 esta medida tras recibir la autorizaci贸n de los accionistas el 6 de junio de 2025.
La consolidaci贸n reducir谩 las acciones en circulaci贸n de AGRI de 7,851,398 a aproximadamente 872,377. Esta acci贸n estrat茅gica se implementa espec铆ficamente para cumplir con los requisitos m铆nimos de precio de oferta de Nasdaq seg煤n la Regla de Listado 5550(a)(2), con el objetivo de mantener el estatus de cotizaci贸n de la empresa.
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AgriFORCE Growing Systems (NASDAQ : AGRI) a annonc茅 un regroupement d'actions inverse au ratio de 1 pour 9 de ses actions ordinaires, effectif 脿 partir du 28 juillet 2025. Le conseil d'administration de la soci茅t茅 a approuv茅 cette mesure apr猫s avoir re莽u l'autorisation des actionnaires le 6 juin 2025.
Ce regroupement r茅duira le nombre d'actions en circulation d'AGRI de 7 851 398 脿 environ 872 377. Cette d茅marche strat茅gique est mise en 艙uvre afin de satisfaire aux exigences minimales de prix d'offre de Nasdaq selon la r猫gle de cotation 5550(a)(2), dans le but de maintenir le statut de cotation de la soci茅t茅.
AgriFORCE Growing Systems (NASDAQ: AGRI) hat eine 1-zu-9 Reverse Stock Split seiner Stammaktien angek眉ndigt, die am 28. Juli 2025 wirksam wird. Der Vorstand des Unternehmens genehmigte diese Ma脽nahme nach der Zustimmung der Aktion盲re am 6. Juni 2025.
Der Reverse Split wird die ausstehenden Aktien von AGRI von 7.851.398 auf etwa 872.377 reduzieren. Dieser strategische Schritt dient dazu, die Mindestgebotspreisanforderungen der Nasdaq gem盲脽 Listing Rule 5550(a)(2) zu erf眉llen und den B枚rsenstatus des Unternehmens zu erhalten.
- Potential compliance with Nasdaq listing requirements
- Reduced number of outstanding shares may attract institutional investors
- Reverse split indicates stock price weakness
- No fundamental business value change
- Risk of continued price decline post-split
VANCOUVER, British Columbia and West Palm Beach, FL, July 24, 2025 (GLOBE NEWSWIRE) -- AgriFORCE Growing Systems Ltd. (鈥渢he Company鈥�) (NASDAQ: AGRI) today announced the Company鈥檚 Board of Directors has approved a reverse stock split of the Company鈥檚 issued and outstanding common shares whereby every nine (9) shares of its outstanding common shares will automatically be combined into one (1) common share. The reverse split was approved by the Company鈥檚 shareholders on June 6, 2025 and will be effective as of the commencement of trading on July 28, 2025 at the open of market. As of the close of business on July 23, 2025, we had 7,851,398 shares of stock issued and outstanding. Post reverse split, this would equate to 872,377 shares. The reverse stock split is being implemented for the purpose of complying with the closing bid price requirement set forth in Nasdaq Listing Rule 5550(a)(2).
ABOUT AGRIFORCE
AgriFORCE Growing Systems Ltd.聽(NASDAQ: AGRI; AGRIW) is a tech company focused on building an integrated platform that combines the best technology, intellectual property, and knowledge to solve an urgent problem 鈥� providing the best solutions to help drive value added benefits to our shareholders through use of sustainable technologies. Additional Follow AgriFORCE on Social Media:
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Forward-Looking Statements
Statements made in this press release include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements are identified by words such as "may," "will," "plan," "should," "expect," "anticipate," "estimate," "continue," and similar expressions. These statements involve risks, uncertainties, and other factors-some of which are beyond the Company's control-that may cause actual results to differ materially from those expressed or implied, including but not limited to our ability to mine Bitcoin profitably and certain geopolitical and other third party risks beyond our control. Readers are cautioned not to place undue reliance on these forward-looking statements and are encouraged to review the Company's periodic filings with the聽SEC聽under the heading "Risk Factors" in Forms 10-K, 10-Q, and 8-K. The Company undertakes no obligation to revise or update forward-looking statements due to new information or future developments.
For more information, visitFor Further Information, please Contact:Investor Relations, 1-561-717-1742,聽
厂翱鲍搁颁贰:听AgriFORCE Growing Systems
FAQ
What is the ratio of AgriFORCE's (AGRI) reverse stock split announced for July 2025?
When will AGRI's reverse stock split take effect?
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