Agrify grants 1.77M RSUs; lender forgives $1.0M of Note principal

RYTHM, Inc.

Lender CP Acquisitions, controlled by CEO Raymond Chang, forgave $1.0M of principal on March 2023 Note.
Company granted 1,774,409 restricted stock units to officers, directors, employees under 2022 Omnibus Plan.
Vesting of RSUs conditioned on shareholder approval of plan amendment to increase authorized shares.
Forgiveness was conditioned upon RSU grant and is effective November 30, 2023.

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