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Agrify Corp
AGFY
Total Value
$45.0M
Company Information
- Company Name
- Agrify Corp
- Ticker Symbol
- AGFY
- CIK
- 0001800637
Insider Information
- Name
- RSLGH, LLC
- Role
- 10% Owner
- Location
- CHICAGO, IL
10% Owner
Filing Details
- Filing Date
- Aug 27, 2025
- Transaction Date
- Aug 25, 2025
- Accession Number
- 0001213900-25-081184
- Form Type
- 4
Derivative Transactions
| Date | Security | Shares | Exercise Price | Type | Value |
|---|---|---|---|---|---|
| Aug 25, 2025 | Derivative | 1,526,718 | $29.48 | Other | $45.0M |
Footnotes
- (F1)On 8/25/2025, the Issuer issued a Secured Convertible Note (the "Note") to RSLGH, LLC (the "Investor") with an original principal amount of $45 million. The Note bears interest at 10% per annum, which may be payable in cash, common stock or pre-funded warrants with an exercise price of $0.001 per share. The Note is secured by the Issuer's assets and ranks senior to all other indebtedness except that the Note ranks on parity with the Secured Convertible Note issued to the Investor on November 5, 2024 and the Secured Convertible Notes issued on May 22, 2025. The Note may be converted into Common Stock at a conversion price of $29.475 per share or, at the election of the holder, into pre-funded warrants at a conversion price of $29.474 per share, subject to certain conditions. The Note includes a beneficial ownership limitation of 49.99% with respect to the Investor and exercise is subject to stockholder approval under applicable Nasdaq listing rules, to the extent required.
- (F2)The Investor is the direct beneficial owner of the Note. The Investor is an indirectly wholly-owned subsidiary of Green Thumb Industries Inc. ("Green Thumb"). Green Thumb is the sole shareholder of GTI23, Inc., which is the sole member of VCP23, LLC, which is the sole shareholder of For Success Holdings Company. For Success Holdings Company is the sole member of Wellness Mgmt, LLC, which is the sole member of Investor.