Asahi shares mark weekly slide after cyberattack halts production
Agroz Inc. (AGRZ) completed its initial public offering of 1.25 million ordinary shares at $4.00 per share, the agricultural technology company announced. The company’s shares began trading on the Nasdaq Capital Market on October 1, 2025.
The Malaysia-based company received gross proceeds of approximately $5 million before deducting underwriting discounts and offering expenses. Agroz granted underwriters a 45-day option to purchase up to an additional 187,500 shares at the offering price, less underwriting discounts.
The company plans to use net proceeds for capital expenditures, operating expenses, research and development, marketing, and potential acquisitions. No specific acquisition targets have been identified.
Agroz operates as a vertically integrated agricultural technology company that designs, builds, manages and operates indoor controlled environment agriculture vertical farms. The company grows pesticide-free vegetables for direct delivery to consumers and businesses.
US Tiger Securities Inc. served as sole book runner for the offering. Sichenzia Ross Ference Carmel LLP acted as U.S. legal counsel to Agroz, while Greenberg Traurig LLP represented US Tiger.
The Securities and Exchange Commission declared the company’s Form F-1 registration statement effective on September 17, 2025. The offering was conducted through a prospectus available through the SEC’s website and US Tiger Securities.
Agroz describes its competitive advantage as stemming from its proprietary Agroz OS system, which includes digitally automated hardware for managing vertical farm conditions and software solutions for farm organization and communications.