Agrify terminates merger with Nature's Miracle; debt purchase deal also scrapped

RYTHM, Inc.

Merger with Nature's Miracle (Nasdaq: NHMI) terminated mutually due to unfavorable market conditions.
Debt purchase agreement with entities owned by CEO Raymond Chang also terminated; mutual releases.
Director Leonard Sokolow resigned effective May 17, 2024, not due to any disagreement with company.
CEO Raymond Chang states company has strong momentum and will explore all strategic options.

item 1.01 item 1.02 item 5.02 item 8.01 item 9.01

Executive movements

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Departed

Leonard Sokolow

Director

RYM · RYTHM, Inc.

Effective: 2024-05-17
Filed: May 20, 2024, 7:59 PM ET

On May 17, 2024 (the “Effective Date”), Leonard Sokolow notified the Board of Directors (the “Board”) of the Company that he will resign as a member of the Board and its committees, effective as of the Effective Date

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Leonard Sokolow resigned as Director at RYTHM, Inc..

Action: resigned
Role: Director

Exact text from the filing

On May 17, 2024 (the “Effective Date”), Leonard Sokolow notified the Board of Directors (the “Board”) of the Company that he will resign as a member of the Board and its committees, effective as of the Effective Date

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RYTHM, Inc. filing history →

Source: SEC EDGAR

accession 0001213900-24-044908

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