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AgriFORCE Announces Reverse Stock Split to Meet Nasdaq Listing Requirements.
ByAinvest
Saturday, Jul 26, 2025 3:03 pm ET1min read
AgriFORCE Growing Systems Ltd. (AGRI) has announced a reverse stock split, combining every nine shares into one, to comply with Nasdaq's listing requirements effective July 28, 2025. The share count will reduce from 7,851,398 to 872,377 post-split. This strategic move aims to meet Nasdaq Listing Rule 5550(a)(2).
AgriFORCE Growing Systems Ltd. (NASDAQ: AGRI) has announced a reverse stock split, combining every nine outstanding shares into one, effective July 28, 2025. This strategic move is aimed at complying with Nasdaq Listing Rule 5550(a)(2), which requires a minimum bid price of $1.00 per share. The company's share count will reduce from 7,851,398 to approximately 872,377 post-split [1].The reverse stock split, approved by shareholders on June 6, will increase the price per share proportionally while reducing the number of outstanding shares. This action is common among smaller Nasdaq-listed companies facing challenges in maintaining the exchange's minimum share price requirements [1]. AgriFORCE, a tech company focused on sustainable solutions, has been operating with a significant debt burden and weak financial health metrics, as indicated by a current ratio of 0.34 [1].
In addition to the reverse stock split, AgriFORCE has recently signed a Memorandum of Understanding to acquire a minority stake in an international regulated payment services provider. The company has also made significant progress in its Power & Compute Initiative in Alberta, having mined 8.67 Bitcoin to date, valued at approximately $1.1 million [1].
The announcement comes as many smaller Nasdaq-listed companies face challenges maintaining the exchange’s minimum share price requirements. Reverse splits reduce the number of outstanding shares while proportionally increasing the price per share, though they do not change a company’s overall market capitalization [1].
References:
[1] https://www.investing.com/news/company-news/agriforce-announces-1for9-reverse-stock-split-to-meet-nasdaq-requirements-93CH-4151489
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