Highest-materiality recent filing
RYTHM Q1 revenue $13.3M (+24% seq); net income $19.9M on tax benefit; guides Q2 rev ~$22M
Revenue $13.3M (+24% seq); gross profit $10.4M (78% margin) vs $8.0M (75%) prior quarter.
RYTHM amends license agreements with Green Thumb, securing $70M annual fixed fee
Effective April 1, 2026, Green Thumb will pay RYTHM an aggregate fixed annual cash fee of $70 million under amended license agreements.
RYTHM reports Q4 revenue $10.7M (+164% QoQ); operating loss $12.9M with $8.5M impairment
Q4 revenue from continuing ops $10.7M, up 164% from $4.0M in prior quarter.
RYTHM, Inc. Q3 revenue $4.0M (+98% QoQ); Señorita launches in Circle K / Target
Q3 2025 revenue from continuing ops $4.0M, up 98% from Q2; operating loss $8.9M.
Agrify acquires brand portfolio from Green Thumb for $50M, changes name to RYTHM
Acquired brand IP (RYTHM, Dogwalkers, Beboe) from Green Thumb for $50M via convertible note; assets consist of intellectual property rights.
Agrify acquires incredibles brand IP for $5.1M cash, issues $30M convertible notes
Acquired all equity of MC Brands (incredibles brand) from Green Thumb subsidiary VCP for $5,075,000 cash.
Agrify discontinues legacy extraction business, cuts 9 employees, pivots to hemp beverages
Board approved discontinuation of extraction business (hydrocarbon, alcohol, solventless, post-processing, lab equipment).
Agrify FY2024 revenue $9.7M (down 36% YoY); names Brad Asher CFO under shared services deal
Revenue $9.7M for FY2024 vs $15.1M in FY2023; Q4 revenue $2.3M.
Agrify files acquired Double or Nothing financials; deal valued at ~$18.8M plus assumed debt
Acquired substantially all assets of Double or Nothing (hemp-derived THC beverages) on Dec 12, 2024.
Agrify sells cultivation business to former CEO affiliate; focus shifts to hemp-derived THC drinks
Dec 31, 2024 signed and closed asset sale of Cultivation Business (VFUs, TTK, Agrify Insights) to CP Acquisitions LLC, affiliate of former Chairman/CEO Raymond Chang.
Agrify acquires Señorita hemp-derived THC beverage brand for 530,000 stock equivalents
Acquired Señorita brand of HD9 beverages from Double or Nothing LLC on Dec 12, 2024.
Agrify closes ~$25.9M private placement; CEO Kovler invests and gets RSUs
Raised approx. $25.9M via private placement at $22.30/share (shares and pre-funded warrants) with institutional and accredited investors.
Agrify Q3 2024 revenue $1.9M, net loss $18.6M; appoints Ben Kovler interim CEO, plans acquisition
Revenue $1.9M, gross profit $0.2M; net loss $18.6M includes $15M change in warrant liability.
Agrify secures $20M Green Thumb note; CEO Chang resigns, Kovler named interim CEO
Issued $20M secured convertible note to Green Thumb subsidiary; $10M drawn at closing, 10% interest, conversion at $3.158, matures Nov 2025.
Agrify doubles convertible note maximum from $1.5M to $3M in insider-related amendment
Principal increased to $3M from $1.5M; conversion price unchanged at $3.9495 per share.
Agrify announces 1-for-15 reverse stock split to meet Nasdaq $1 minimum bid price
1-for-15 reverse stock split effective 12:01 a.m. ET on October 8, 2024; approved by shareholders on Sept 3, 2024.
On Sept 27, 2024, Agrify amended CP Warrant and GIC Warrant to remove adjustment provisions that would increase shares upon equity financings.
Agrify receives Nasdaq extension to March 3, 2025 for minimum bid price compliance
Nasdaq granted Agrify additional 180-day period until March 3, 2025 to regain compliance with $1.00 minimum bid price rule.
Agrify amends debt settlement with Mack, authorizes $15M equity issuance and reverse split
Amendment to Mack Molding settlement: pay $2M total by Dec 31, 2024; purchase 50 VFUs by year-end; warrant terminates upon full payment.
Agrify signs $15M equity line with Ionic Ventures; insider warrants balloon to 98M shares
Entered Purchase Agreement with Ionic Ventures for up to $15M of common stock; initial $400K issued at ~$0.1406/share.
Agrify restates Q1 2024 financials; issues $1.5M insider convertible note
Restatement: Q1 2024 interim financials no longer reliable due to errors in Mack Molding settlement accounting.
Agrify shareholders reject reverse stock split; Nasdaq compliance deadline Sept 3, 2024
Reverse stock split proposal (1:2 to 1:20) not approved; company may seek further extension or face delisting.
Agrify regains Nasdaq compliance after $13.8M debt-to-equity conversions by CEO affiliates
Confirmed compliance with Nasdaq's $2.5M minimum stockholders' equity rule (Listing Rule 5550(b)(1)).
Agrify converts ~$13.8M debt to equity; expects to regain Nasdaq compliance
CP Acquisitions converted $11.5M of senior convertible note into Pre-Funded Warrants for up to 8.56M shares.
Agrify terminates merger with Nature's Miracle; debt purchase deal also scrapped
Merger with Nature's Miracle (Nasdaq: NHMI) terminated mutually due to unfavorable market conditions.
Agrify to merge with Nature's Miracle; stockholders get 0.45 NMHI shares per AGFY share
Agrify shareholders receive 0.45 Nature's Miracle shares each; expected to own ~30% of combined company.
Agrify to be acquired by Nature's Miracle in all-stock deal valued at ~$6.35M
Each AGFY shareholder gets ~0.45 NMHI shares, valuing equity at $6.35M based on NMHI's $0.93 close on 4/16.
Common stock closing bid price below $1.00 for 30 consecutive business days triggers Nasdaq Minimum Bid Requirement notice.
Agrify prices $2.6M public offering of 6.7M shares at $0.38/share
Priced public offering of 6,723,684 shares/pre-funded warrants at $0.38/share for gross proceeds of ~$2.6M.
Agrify posts preliminary Q4 2023 net loss of $750K, a historical low; gross profit up 105% QoQ
Q4 2023 net loss expected at $750K vs $2.1M in Q3 and $58M in Q4 2022 (historical low).
On March 19, 2025, the Board of Directors of the Company appointed Brad Asher, 39, to serve as its Chief Financial Officer and its principal financial and accounting officer effective March 24, 2025.
appointed Peter S. Shapiro and Sanjay Tolia as members of the Board to fill the vacancies resulting from Mr. Drexler’s resignation and the increase in Board size.
Richard Drexler resigned as a member of the Board of Directors (the “Board”) of Agrify Corporation (the “Company”).
appointed Peter S. Shapiro and Sanjay Tolia as members of the Board to fill the vacancies resulting from Mr. Drexler’s resignation and the increase in Board size.
David Kessler ceased serving as the Company’s Chief Science Officer, Executive Vice President and General Manager of Cultivation, effective as of the Effective Date.
the Board appointed Benjamin Kovler as a member of the Board and Chairman
Raymond Chang resigned as a member of the Board of Directors (the “Board”) of the Company and any subsidiaries and as President and Chief Executive Officer of the Company
Appointment of Chief Executive Officer Effective as of the Effective Time, the Company appointed Benjamin Kovler as its
I-Tseng Jenny Chan resigned as a member of the Board.
appointed Armon Vakili and Richard Drexler as members of the Board.
appointed Armon Vakili and Richard Drexler as members of the Board.
On May 17, 2024 (the “Effective Date”), Leonard Sokolow notified the Board of Directors (the “Board”) of the Company that he will resign as a member of the Board and its committees, effective as of the Effective Date
Max materiality 0.90 · Median 0.70 · Most common event other_material