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AgriFORCE Growing Systems Trading Halted Due to Pending News
ByAinvest
Saturday, Jul 26, 2025 3:03 pm ET1min read
AgriFORCE Growing Systems' stock trading has been halted, awaiting news.
AgriFORCE Growing Systems Ltd. (AGRI) has seen its stock trading temporarily halted as the company awaits further news. The halt comes amidst significant market activity surrounding the company's recent decision to implement a 1-for-9 reverse stock split, effective July 28, 2025.The reverse stock split, approved by shareholders on June 6, 2025, aims to comply with Nasdaq Listing Rule 5550(a)(2), which requires a minimum bid price of $1.00 per share. This move will reduce the number of outstanding shares from 7,851,398 to approximately 872,377, potentially increasing the share price and improving the attractiveness of the stock to institutional investors [1, 2, 3].
The decision to halt trading may be a precautionary measure to ensure that the market has time to digest the implications of the reverse stock split. Investors should note that while reverse stock splits can increase the share price, they do not change the underlying value of the company. However, they can sometimes signal financial distress or ongoing challenges in maintaining investor confidence [3].
AgriFORCE Growing Systems is a tech company focused on building an integrated platform that combines technology, intellectual property, and knowledge to solve urgent problems. The company aims to leverage sustainable technologies to drive value for shareholders [3].
Investors are advised to stay informed about the company's progress and any updates that may affect the stock price. AgriFORCE can be followed on various social media platforms, including X, LinkedIn, Instagram, Facebook, and Truth Social [3].
References:
[1] https://www.nasdaqtrader.com/TraderNews.aspx?id=ECA2025-394
[2] https://www.investing.com/news/stock-market-news/agriforce-stock-falls-after-announcing-1for9-reverse-split-93CH-4151525
[3] https://www.nasdaq.com/articles/agriforce-growing-systems-ltd-announces-reverse-stock-split-effective-july-28-2025
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