Carey Olsen advises Agroz Inc. on Nasdaq IPO
Carey Olsen's corporate team in the Cayman Islands has advised Agroz Inc. ("Agroz") on its initial public offering ("IPO") on the Nasdaq Capital Market.
Agroz is an innovative, fully vertically integrated agricultural technology company designing, building, managing, and operating indoor controlled environment agriculture vertical farms. Agroz's ordinary shares began trading on the Nasdaq Capital Market on October 1, 2025, under the ticker symbol "AGRZ".
On 2 October 2025, Agroz announced the closing of its IPO of 1,250,000 ordinary shares at US$4.00 per share. The offering generated approximately US$5 million in gross proceeds before underwriting discounts and expenses. Agroz granted underwriters a 45-day option to purchase up to 187,500 additional shares at the offering price, less underwriting discounts.
Agroz intends to use the net proceeds from the offering for capital expenditures, operating expenses, research and development, marketing, and acquisitions of certain companies (for which no specific acquisition target companies have been identified at this time).
Working alongside lead counsel Sichenzia Ross Ference Carmel LLP, the Carey Olsen team advising Agroz on the Cayman legal and regulatory aspects of the IPO comprised partner Dylan Wiltermuth and senior associate Evan Stitt. US Tiger Securities Inc. served as sole book runner for the offering, while Greenberg Traurig LLP represented US Tiger.
Dylan said: "It was a pleasure to bring together our extensive capital markets capabilities and experience advising Agroz on this IPO. The deal showcases the depth and breadth of our practice and is further evidence of the Cayman Islands' continuing appeal as a leading jurisdiction for New York listings."
