Agrify receives Nasdaq extension to March 3, 2025 for minimum bid price compliance

RYTHM, Inc.

Nasdaq granted Agrify additional 180-day period until March 3, 2025 to regain compliance with $1.00 minimum bid price rule.
Company failed to meet original compliance deadline of September 3, 2024; bid price had been below $1.00 for 30 consecutive days.
Agrify obtained majority shareholder consent for reverse stock split (range 1:2 to 1:20) to be used to cure deficiency.
If compliance not achieved by March 3, 2025, Nasdaq will proceed with delisting; company may appeal.
No guarantee reverse stock split will succeed; risks include continued low trading price.

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