secwatch.observer — SEC 8-K summary
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Issuer:     RYTHM, Inc. (RYM)
CIK:        0001800637
Form:       8-K
Filed at:   2023-07-03T23:59:59+00:00
Accession:  0001213900-23-053790
Event type: other_material
Sentiment:  negative
Materiality: 0.60
Item codes: 3.03, 5.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Agrify announces 1-for-20 reverse stock split effective July 5, 2023 to regain Nasdaq compliance
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- Reverse stock split approved by board; effective 12:01 a.m. ET on July 5, 2023.
- Outstanding shares reduced from ~32.5M to ~1.62M; authorized shares cut from 200M to 10M.
- Fractional shares rounded up to nearest whole share; no cash issued for fractions.
- Split aims to meet Nasdaq's $1.00 minimum bid price requirement; compliance deadline July 18, 2023.
- Stock symbol remains AGFY; new CUSIP 00853E305; Broadridge acts as exchange agent.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1800637/000121390023053790/0001213900-23-053790-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1800637/000121390023053790/ea181262-8k_agrify.htm
  HTML page:      https://secwatch.observer/filing/0001213900-23-053790

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer