4//SEC Filing
Chang Raymond Nobu 4
Accession 0001213900-24-090499
CIK 0001800637other
Filed
Oct 23, 8:00 PM ET
Accepted
Oct 24, 8:45 PM ET
Size
7.1 KB
Accession
0001213900-24-090499
Insider Transaction Report
Form 4
Agrify CorpAGFY
Chang Raymond Nobu
Other
Transactions
- Other
Convertible Note
2024-10-18−0(indirect: By LLC)Exercise: $3.95From: 2024-08-14Exp: 2025-07-01→ Common Stock
Footnotes (2)
- [F1]On October 18, 2024, the Issuer and CP Acquisitions entered into an amendment (the "Junior Note Amendment") to that certain junior secured promissory note (the "Junior Note") in favor of CP Acquisitions, LLC ("CP Acquisitions") issued on August 14, 2024, pursuant to which the maximum principal sum of the Junior Note is increased from $1,500,000 to $3,000,000. The conversion price applicable to the Junior Note remains unchanged with an exercise price of $0.001 per share, in each case at a conversion price of $3.9495 (as may be adjusted per the Junior Note). The 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 Junior Note is secured by the Issuer's assets and ranks junior to existing secured indebtedness of the Issuer. The Junior Note may be converted into common stock of the Company or, at CP's election, pre-funded warrants.
- [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
- Oct 23, 8:00 PM ET
- Accepted
- Oct 24, 8:45 PM ET
- Size
- 7.1 KB