debt
confidence high
sentiment neutral
materiality 0.60
Agrify doubles convertible note maximum from $1.5M to $3M in insider-related amendment
RYTHM, Inc.
- Principal increased to $3M from $1.5M; conversion price unchanged at $3.9495 per share.
- Note bears 10% interest, matures July 1, 2025; secured but junior to existing debt.
- Issued to entity controlled by CEO Raymond Chang and board member I-Tseng Jenny Chan.
- CP can convert into common stock or pre-funded warrants at $0.001 per share exercise price.