secwatch.observer — SEC 8-K summary
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Issuer:     RYTHM, Inc. (RYM)
CIK:        0001800637
Form:       8-K
Filed at:   2023-12-06T23:59:59+00:00
Accession:  0001213900-23-093703
Event type: regulatory
Sentiment:  negative
Materiality: 0.80
Item codes: 1.01, 2.03, 3.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Nasdaq notifies Agrify of equity non-compliance at -$17.2M; note limit raised to $4M
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- Nasdaq notified Agrify that stockholders' equity of -$17.17M as of March 31, 2023, violates minimum $2.5M equity requirement (Rule 5550(b)(1)).
- Company has a pending hearing with Nasdaq Panel regarding delisting; trading not immediately affected but risk remains.
- Note amendment with CP Acquisitions (controlled by CEO) increases max loan amount from $3M to $4M, 10% interest, prepayable without penalty.
- Company still delinquent on Q2 and Q3 2023 10-Qs; filed FY2022 10-K and Q1 2023 10-Q in November.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1800637/000121390023093703/0001213900-23-093703-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1800637/000121390023093703/ea189579-8k_agrify.htm
  HTML page:      https://secwatch.observer/filing/0001213900-23-093703

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