AgriFORCE Announces Reverse Stock Split for Nasdaq Compliance
AgriFORCE Growing Systems Ltd., an innovative agtech company, has recently announced a significant development that is set to strengthen its position in the market. The company’s Board of Directors has approved a reverse stock split, a move that aims to comply with the Nasdaq Listing Rule 5550(a)(2) closing bid price requirement. This decision was supported by the company’s shareholders and will take effect on October 11, 2023.
Under the reverse stock split, every fifty shares of AgriFORCE’s outstanding common shares will be combined into one common share. This strategic move demonstrates the company’s commitment to maintaining compliance with Nasdaq regulations while ensuring the best interests of its shareholders.
AgriFORCE Growing Systems is an intellectual property-focused agtech company that is revolutionizing the agricultural industry. With a vision to be a global leader in delivering plant-based foods and products, the company is dedicated to solving urgent problems related to sustainable crops and nutritious food for people worldwide.
By leveraging cutting-edge technology, intellectual property, and extensive knowledge, AgriFORCE is creating an integrated AgTech platform that will drive positive change from seed to table. The company’s mission is to provide the best solutions for sustainable agriculture, ensuring the production of high-quality crops that contribute to a healthier and more sustainable future.
AgriFORCE’s commitment to innovation and sustainability sets it apart in the agtech industry. Through its advanced AgTech platform, the company aims to address the pressing challenges faced by the global food system. By combining the best technology, intellectual property, and expertise, AgriFORCE is poised to make a significant impact on the world’s agricultural landscape.
To stay updated with the latest news and developments from AgriFORCE Growing Systems, you can follow the company on Twitter (@agriforcegs) and Facebook (AgriFORCE Growing Systems Ltd.). Additionally, you can connect with AgriFORCE on LinkedIn (AgriFORCE Growing Systems Ltd.).
It’s important to note that this press release contains forward-looking statements, subject to various risks and uncertainties. The company’s actual results may differ materially from these statements due to factors outlined in their filings with the Securities and Exchange Commission and other sources. AgriFORCE undertakes no obligation to update any forward-looking statements, emphasizing their commitment to transparency and accountability.
In conclusion, AgriFORCE Growing Systems Ltd. is making significant strides in the agtech industry with its reverse stock split. By complying with Nasdaq regulations, the company is positioning itself for continued growth and success. With its focus on sustainable agriculture and commitment to providing the best solutions, AgriFORCE is poised to become a global leader in delivering plant-based foods and products that positively impact the world.