Agroz (NASDAQ: AGRZ) director reports RCPS stakes and $100K redemption
Rhea-AI Filing Summary
Agroz Inc. director Chaudhry Muhammad Arshad reports initial holdings of Redeemable Convertible Preferred Shares (RCPS) linked to Agroz Ordinary Shares. The filing shows RCPS positions convertible into 40,000 and 60,000 Ordinary Shares at a subscription price of $2.50 per share, with maturity dates tied to two years after their issuance. According to the RCPS terms, any RCPS still outstanding at maturity and not converted into Ordinary Shares are fully redeemed at the subscription price. A footnote explains that 40,000 RCPS were not converted and were redeemed at $2.50 per share for a total of $100,000 on December 3, 2025.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Redeemable Convertible Preferred Shares | -- | -- | -- |
| holding | Redeemable Convertible Preferred Shares | -- | -- | -- |
Footnotes (1)
- The Redeemable Convertible Preferred Shares ("RCPS") are convertible until their maturity date ("Maturity Date"), which is two years after the issuance date. Pursuant to the RCPS' terms, all RCPS which are outstanding as of the Maturity Date and have not been converted into Ordinary Shares of Agroz Inc., par value $0.0001 per share, will be fully redeemed by us at the RCPS' subscription price. Mr. Chaudhry did not convert these RCPS (40,000 shares) and they were redeemed at $2.50 per share for a total of $100,000, pursuant to the terms of the RCPS, on December 3, 2025. Subscription price for the RCPS.
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Maturity Date financial
subscription price financial
FAQ
What insider position does Chaudhry Muhammad Arshad report in Agroz Inc. (AGRZ)?
Chaudhry Muhammad Arshad reports holding Redeemable Convertible Preferred Shares (RCPS) in Agroz Inc., which are tied to Agroz Ordinary Shares. These RCPS positions are disclosed as part of his initial statement of beneficial ownership as a director of the company.
What is the conversion or subscription price of the Agroz (AGRZ) RCPS?
The Redeemable Convertible Preferred Shares have a subscription and conversion price of $2.50 per share. This price applies both to conversion into Ordinary Shares and to redemption of any RCPS that remain outstanding and unconverted at their maturity date under the RCPS terms.
What happens to Agroz (AGRZ) RCPS at their maturity date?
Under the RCPS terms, any shares still outstanding at the maturity date that have not been converted into Ordinary Shares are fully redeemed at the $2.50 subscription price. This redemption is carried out by Agroz Inc. pursuant to the contractual RCPS provisions.
Were any of Chaudhry Muhammad Arshad’s Agroz RCPS redeemed for cash?
Yes. A footnote states that 40,000 RCPS held by Chaudhry Muhammad Arshad were not converted and were redeemed at $2.50 per share, resulting in a total redemption amount of $100,000 on December 3, 2025, pursuant to the RCPS terms.