Agrify closes ~$25.9M private placement; CEO Kovler invests and gets RSUs

RYTHM, Inc.

Raised approx. $25.9M via private placement at $22.30/share (shares and pre-funded warrants) with institutional and accredited investors.
Chairman & Interim CEO Benjamin Kovler purchased 10,000 shares at $38.76; also awarded 50,000 RSUs vesting in 1 year and $1 annual salary.
Proceeds to be used for working capital, business development, and general corporate purposes.
Closing expected November 21, 2024; resale registration statement to be filed within 45 days of investor demand.
Señorita transaction remains on track for closing at or around year-end.

item 1.01 item 3.02 item 5.02 item 8.01 item 9.01

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.