RYTHM, Inc. (RYM): Nasdaq/NYSE listing notice — Agrify receives Nasdaq deficiency notice for bid price below $1.00; 180-day cure period expires Sep 3, 2024

RYTHM, Inc.

Common stock closing bid price below $1.00 for 30 consecutive business days triggers Nasdaq Minimum Bid Requirement notice.
Company has 180 calendar days (until September 3, 2024) to regain compliance by maintaining $1.00 closing bid for 10 consecutive days.
If not cured, company may be eligible for an additional 180-day period if it meets other initial listing standards and notifies Nasdaq.
Intends to monitor bid price and evaluate options, including a potential reverse stock split to regain compliance.
No immediate effect on listing; delisting notice could be appealed to a Hearings Panel if issued.

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), 5810(c)(3)(H)).

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

Exact text from the filing

March 5, 2024, 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 Na

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Source: SEC EDGAR

accession 0001213900-24-020454

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