AgriFORCE Announces Reverse Stock Split for Nasdaq Compliance
03 Dezember 2024 - 1:30PM
AgriFORCE Growing Systems Ltd. (“the Company”) (NASDAQ: AGRI), an
intellectual property focused agtech company, today announced the
Company’s Board of Directors has approved a reverse stock split of
the Company’s issued and outstanding common shares whereby every
one hundred (100) shares of its outstanding common shares will
automatically be combined into one (1) common share. The reverse
split was approved by the Company’s shareholders on November 25,
2024 and will be effective as of the commencement of trading on
December 5, 2024. The reverse stock split is being implemented for
the purpose of complying with the closing bid price requirement set
forth in Nasdaq Listing Rule 5550(a)(2).
ABOUT AGRIFORCE
AgriFORCE Growing Systems Ltd. (NASDAQ: AGRI; AGRIW) is a tech
company focused on building an integrated platform that combines
the best technology, intellectual property, and knowledge to solve
an urgent problem – providing the best solutions to help drive
value added benefits to our shareholders through use of sustainable
technologies. Additional information about AgriFORCE is available
at: www.agriforcegs.com.
Follow AgriFORCE on Twitter: @agriforcegsFollow AgriFORCE
on Facebook: AgriFORCE Growing Systems Ltd.Connect with
AgriFORCE on LinkedIn: AgriFORCE Growing Systems Ltd.
This press release contains forward-looking statements within
the meaning of the "safe harbor" provisions of the Private
Securities Litigation Reform Act of 1995. Statements other than
statements of historical facts included in this press release may
constitute forward-looking statements and are not guarantees of
future performance, condition or results and involve a number of
risks and uncertainties. Actual results may differ materially from
those in the forward-looking statements as a result of a number of
factors, including those described from time to time in our filings
with the Securities and Exchange Commission and elsewhere. The
Company undertakes no duty to update any forward-looking statement
made herein. All forward-looking statements speak only as of the
date of this press release. This announcement is for informational
purposes only and does not constitute an offer to sell or a
solicitation of an offer to buy securities of the issuer. Any offer
to sell or solicitation of an offer to buy securities of the issuer
may only be made pursuant to a valid prospectus pursuant to an
effective registration statement or pursuant to a valid exemption
from registration under the Securities Act of 1933, as amended and
the rules and regulations promulgated thereunder.
Contacts:Richard Wong,
CFOrwong@agriforcegs.com
CORE IRinvestorrelations@agriforcegs.com
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