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confidence high
sentiment neutral
materiality 0.15
Agrify lowers stockholder quorum requirement from majority to one-third
RYTHM, Inc.
- Board approved Second Amended and Restated Bylaws on August 9, 2024, reducing quorum to one-third of shares entitled to vote.
- Previous bylaws required a majority of outstanding shares for quorum; the change applies to all stockholder meetings.
- The amendment is intended to facilitate meeting proceedings and is effective immediately.