4//SEC Filing
Chang Raymond Nobu 4
Accession 0001213900-24-070254
CIK 0001800637other
Filed
Aug 15, 8:00 PM ET
Accepted
Aug 16, 4:16 PM ET
Size
7.0 KB
Accession
0001213900-24-070254
Insider Transaction Report
Form 4
Agrify CorpAGFY
Chang Raymond Nobu
Other
Transactions
- Other
Convertible Note
2024-08-14−0(indirect: By LLC)Exercise: $0.26From: 2024-08-14Exp: 2025-07-01→ Common Stock
Footnotes (2)
- [F1]On August 14, 2024, the Issuer issued a junior secured promissory note (the "Junior Note") in favor of CP Acquisitions, LLC ("CP Acquisitions"). Pursuant to the New Junior Note, CP Acquisitions will lend up to $1,500,000 to the Issuer. The New Junior Note bears interest at a rate of 10% per annum, will mature in full on July 1, 2025, and may be prepaid without any fee or penalty. The New Junior Note is secured by the Issuer's assets and ranks junior to existing secured indebtedness of the Issuer. The New Junior Note may be converted into common stock of the Issuer or, at CP Acquisitions's election, pre-funded warrants with an exercise price of $0.001 per share (the "Pre-Funded Warrants"), in each case at a conversion price of $0.2633, and the exercise of such Pre-Funded Warrants is subject to a 49.99% beneficial ownership limitation.
- [F2]CP Acquisitions is an entity controlled by the reporting person, and the reported securities may be deemed to be indirectly beneficially owned by the reporting person. The reporting person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein, and this report shall not be deemed an admission that such person is the beneficial owner of the securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.
Documents
Issuer
Agrify Corp
CIK 0001800637
Entity typeother
Related Parties
1- filerCIK 0001831402
Filing Metadata
- Form type
- 4
- Filed
- Aug 15, 8:00 PM ET
- Accepted
- Aug 16, 4:16 PM ET
- Size
- 7.0 KB