AGROZ INC. ANNOUNCES RECEIPT OF NASDAQ STAFF DETERMINATION AND IMPLEMENTATION OF COMPLIANCE PLAN
Agroz Inc. received a Nasdaq Staff Determination Letter dated August 18, 2026, stating that its securities are to be delisted from the Nasdaq Capital Market because the closing bid price of its ordinary shares remained below US$1.00 for 30 consecutive business days, in violation of Listing Rule 5550(a)(2). The company intends to request a hearing and has implemented a compliance plan that includes a proposed reverse share split and expedited completion of its annual report.
Why it matters — AGRZ watchers would care because the company faces potential delisting from Nasdaq, and its compliance plan involving a reverse share split and timely annual report will determine whether it can regain listing compliance.