secwatch.observer — SEC 8-K summary
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Issuer:     RYTHM, Inc. (RYM)
CIK:        0001800637
Form:       8-K
Filed at:   2024-03-06T23:59:59+00:00
Accession:  0001213900-24-020454
Event type: other_material
Sentiment:  negative
Materiality: 0.70
Item codes: 3.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1800637/000121390024020454/0001213900-24-020454-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1800637/000121390024020454/ea0201307-8k_agrifycorp.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-020454

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