Business Context and Reporting Period
This Form 6-K filing by Agroz Inc., a foreign private issuer, covers the month of February 2026. The report was filed on February 18, 2026, to disclose a material event regarding the company's listing status on the Nasdaq Capital Market.
Key Financial Metrics
The filing text does not provide specific financial data such as revenue, profit, cash flow, margins, debt, or liquidity metrics. The document focuses exclusively on regulatory compliance regarding stock price.
Material Changes and Events
On February 17, 2026, Agroz Inc. received a deficiency letter from the Nasdaq Listing Qualifications Department. The notification stated that for the preceding 30 consecutive business days, the closing bid price of the company's Ordinary Shares fell below the minimum $1.00 per share requirement under Nasdaq Listing Rule 5550(a)(2).
Outlook, Risks, and Management Commentary
- Compliance Period: The company has been granted an initial 180-day compliance period, ending on August 17, 2026, to regain compliance.
- Compliance Criteria: To resolve the deficiency, the closing bid price must reach at least $1.00 for a minimum of ten consecutive business days during the compliance period.
- Extension Options: If compliance is not met by the deadline, the company may be eligible for an additional 180-day extension if it meets other listing standards and intends to cure the deficiency, potentially via a reverse stock split.
- Reverse Stock Split: If implemented, a reverse stock split must be completed no later than ten business days prior to the compliance date.
- Delisting Risk: Failure to cure the deficiency or qualify for an extension may result in a delisting determination, which the company can appeal to a Hearings Panel.
- Management Action: Management intends to monitor the closing bid price and consider available options to regain compliance.
Investor Verification Checklist
- Verify the current closing bid price of Agroz Inc. Ordinary Shares to assess proximity to the $1.00 threshold.
- Monitor future announcements regarding the company's intent to execute a reverse stock split.
- Track the company's progress toward the August 17, 2026, compliance deadline.
- Review the company's market value of publicly held shares to determine eligibility for a potential second compliance period.