---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-24-020454"
form_type: "8-K"
ticker: "RYM"
cik: "0001800637"
company_name: "RYTHM, Inc."
filed_at: "2024-03-06T23:59:59+00:00"
generated_at: "2026-06-05T02:49:19.914329+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Agrify receives Nasdaq deficiency notice for bid price below $1.00; 180-day cure period expires Sep 3, 2024

## Summary
- 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.

## SEC filing metadata
- accession: 0001213900-24-020454
- form_type: 8-K
- ticker: RYM
- cik: 0001800637
- company_name: RYTHM, Inc.
- filed_at: 2024-03-06T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 3.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1800637/000121390024020454/0001213900-24-020454-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1800637/000121390024020454/ea0201307-8k_agrifycorp.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-24-020454
- JSON: https://secwatch.observer/filing/0001213900-24-020454.json
- Plain text: https://secwatch.observer/filing/0001213900-24-020454.txt

## Key facts
- Listing & Compliance Notices
  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)
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1800637/000121390024020454/0001213900-24-020454-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.