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KUALA LUMPUR - Agroz Inc. (NASDAQ:AGRZ), an agricultural technology company specializing in vertical farming, announced Thursday the completion of its initial public offering that raised approximately $5 million in gross proceeds.
The company sold 1,250,000 ordinary shares at $4.00 per share, according to a press release statement. Agroz’s shares began trading on the Nasdaq Capital Market on Wednesday under the ticker symbol "AGRZ".
The Malaysia-based company has granted underwriters a 45-day option to purchase up to an additional 187,500 ordinary shares at the initial offering price, less underwriting discounts.
Agroz plans to use the net proceeds for capital expenditures, operating expenses, research and development, marketing, and potential acquisitions, though no specific acquisition targets have been identified.
US Tiger Securities served as the sole book runner for the offering, with Sichenzia Ross Ference Carmel LLP acting as U.S. legal counsel to Agroz and Greenberg Traurig, LLP representing US Tiger.
The company designs, builds, manages, and operates indoor Controlled Environment Agriculture vertical farms. Its business model includes growing and delivering vegetables directly to consumers and businesses.
Agroz’s registration statement on Form F-1 was declared effective by the U.S. Securities and Exchange Commission on September 17, 2025.
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