Stock Track | Agroz Inc (AGRZ) Soars 7.69% After-Hours Following Successful $5 Million IPO and Nasdaq Debut

Stock Track

Oct 02

Agroz Inc (NASDAQ: AGRZ), an innovative agricultural technology company, saw its stock surge 7.69% in after-hours trading on Wednesday, building on its strong Nasdaq debut earlier in the day. The impressive after-hours performance follows the company's successful initial public offering (IPO), which was priced at $4.00 per share, raising a total of $5 million.

The Malaysia-based company, which specializes in advancing food security through indoor Controlled Environment Agriculture (CEA) vertical farms, made its mark on the Nasdaq exchange during regular trading hours. Agroz's proprietary Agroz Farm Operating System (Agroz OS) integrates IoT, data analytics, 5G communications, and automated hardware to optimize vertical farming operations. The company is also developing an advanced AI agent system supported by Microsoft Azure AI, aimed at enabling autonomous farming operations and driving hyper-scalability.

Agroz's successful listing was facilitated by VCI Global Limited (NASDAQ: VCIG) through its capital advisory arm, V Capital Consulting Group. This IPO not only provides Agroz with the capital to expand its operations but also increases its visibility in the global agricultural technology sector. The strong after-hours performance suggests continued investor interest in Agroz's innovative approach to food security and sustainable farming practices, potentially setting the stage for further growth and expansion in the agricultural technology market.

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