secwatch.observer — SEC 8-K summary
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Issuer:     RYTHM, Inc. (RYM)
CIK:        0001800637
Form:       8-K
Filed at:   2024-09-06T23:59:59+00:00
Accession:  0001213900-24-076220
Event type: regulatory
Sentiment:  negative
Materiality: 0.75
Item codes: 3.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1800637/000121390024076220/0001213900-24-076220-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1800637/000121390024076220/ea0213698-8k_agrify.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-076220

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