RYTHM, Inc. (RYM): Nasdaq/NYSE listing notice — Agrify receives Nasdaq deficiency notice; appoints interim CFO, outlines cost savings plan

RYTHM, Inc.

Nasdaq notified Agrify that stock bid price closed below $1.00 for 30 consecutive days; 180-day compliance period expires July 18, 2023.
Timothy Hayden appointed Interim CFO effective March 1, 2023; previously SVP of Corporate Development and Chief Revenue Officer.
Company targets up to $7 million in cost savings during 2023 to reduce cash burn and aims to be cash flow positive by year-end.
Strategic focus shifts to Rapid Deployment Pack program and academic/pharmaceutical research; pauses construction-financed projects.
Internal promotions: Rachel Soulsby to VP Marketing, Sheryl Elliott to VP HR, Caitlin Moakley Bricker to Chief of Staff, and Makenna Thompson to Director of Customer Experience.

item 3.01 item 5.02 item 8.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed (interim)

Timothy Hayden

Interim Chief Financial Officer

RYM · RYTHM, Inc.

Effective: 2023-03-01
Filed: January 24, 2023, 6:59 PM ET

On January 23, 2023, the Company’s Board of Directors appointed Timothy Hayden as the Company’s Interim Chief Financial Officer, and Mr. Hayden will assume the role of the Company’s principal financial and accounting officer, in each case effective as of March 1, 2023.

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.9

RYTHM, Inc. received a nasdaq deficiency notice notice regarding minimum bid price (rules 5550(a)(2), 5810(c)(3)(A)).

Exchange: nasdaq
Notice: deficiency notice
Deficiency: minimum bid price
Rules: 5550(a)(2), 5810(c)(3)(A)

Exact text from the filing

January 19, 2023, Agrify Corporation (the “Company”) received a deficiency letter (the “Notice”) from the Listing Qualifications Department (the “Staff”) of The Nasdaq Stock Market, LLC (“Nasdaq”) notifying the Company that, for the last 30 consecutive business days, the bid price for the Company’s common stock had closed below $1.00 per share, which is the minimum closing price required to maintain continued listing on the Nasdaq Stock Market under Nasdaq Listing Rule 5550(a)(2) (the “Minimum Bid Requirement”). The Notice has no immediate effect on the listing of the Company’s common stock on

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Timothy Hayden was appointed as Interim Chief Financial Officer at RYTHM, Inc..

Action: appointed
Role: Interim Chief Financial Officer

Exact text from the filing

On January 23, 2023, the Company’s Board of Directors appointed Timothy Hayden as the Company’s Interim Chief Financial Officer, and Mr. Hayden will assume the role of the Company’s principal financial and accounting officer, in each case effective as of March 1, 2023.

View on SEC.gov

Browse all listing & compliance notices →

RYTHM, Inc. filing history →

Source: SEC EDGAR

accession 0001213900-23-004857

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.