Agrify Corrects Proxy Statement Errors on Warrants, Director Nominees

TL;DR

**Agrify fixed proxy statement errors about warrants and director names for the Jan 8 meeting.**

AI Summary

Agrify Corp (AGFY) filed a DEFA14A on January 4, 2024, to correct "inadvertent errors" in its definitive proxy statement filed on December 18, 2023. These corrections specifically address the description of a warrant issued to a former senior lender related to a Reset Provision proposal and the names of director nominees for the Virtual Annual Meeting of Stockholders on January 8, 2024, at 10:00 a.m. Eastern Time. This matters to investors because accurate proxy materials are crucial for informed voting on important corporate governance issues and financial proposals, directly impacting shareholder rights and potential future stock value.

Why It Matters

Accurate proxy statements are essential for shareholders to make informed decisions on critical company matters, directly affecting corporate governance and financial outcomes.

Risk Assessment

Risk Level: low — This filing corrects minor errors in a previously filed proxy statement, indicating a low direct risk to investors.

Analyst Insight

Investors should review the corrected proxy statement to ensure they have accurate information before voting at the Annual Meeting on January 8, 2024, particularly regarding the warrant description and director nominees.

Key Players & Entities

• Agrify Corp (company) — the registrant filing the DEFA14A
• December 18, 2023 (date) — date Agrify filed its definitive proxy statement
• January 8, 2024 (date) — date of the Virtual Annual Meeting of Stockholders
• 10:00 a.m. Eastern Time (time) — start time of the Annual Meeting
• former senior lender (person) — recipient of a warrant with a corrected description

FAQ

Filing Documents

• ea191199-defa14a_agrifycorp.htm (DEFA14A) — 13KB
• 0001213900-24-001234.txt ( ) — 14KB

From the Filing

ADDITIONAL MATERIALS SCHEDULE 14A INFORMATION Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 Filed by the Registrant Filed by a Party other than the Registrant Check the appropriate box: Preliminary Proxy Statement Confidential, for Use of the Commission only (as permitted by Rule 14a-6(e)(2)) Definitive Proxy Statement Definitive Additional Materials Soliciting Material Pursuant to §240.14a-12 Agrify Corporation (Name of Registrant as Specified In Its Charter) (Name of Person(s) Filing Proxy Statement, if Other than the Registrant) Payment of Filing Fee (check the appropriate box): No fee required Fee paid previously with preliminary materials. Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a- 6(i)(1) and 0-11. AGRIFY CORPORATION 2468 Industrial Row Drive Troy, Michigan 48084 SUPPLEMENT TO PROXY STATEMENT FOR ANNUAL MEETING OF STOCKHOLDERS Explanatory Note On December 18, 2023, Agrify Corporation (“we,” “us,” “Agrify” or the “Company”) filed its definitive proxy statement (the “Proxy Statement”) with the U.S. Securities and Exchange Commission relating to its Virtual Annual Meeting of Stockholders (the “Annual Meeting”), which will be held on Monday, January 8, 2024 at 10:00 a.m. Eastern Time, or at any adjournment or postponement thereof for the purpose of considering and acting upon the matters set forth therein. This supplement is being filed solely to correct inadvertent errors in the Proxy Statement relating to (i) the description of the warrant issued to our former senior lender in connection with the proposal to approve the Reset Provision as described in Item 4 of the Proxy Statement, and (ii) the director nominee names listed in the questions and answers section of the Proxy Statement. Corrections The corrections marked below, with deleted text in bold and strikethrough, are being made with respect to the above-referenced locations in the Proxy Statement. Excerpt from Page 1 of the Proxy Statement: “Item 1 — The election of Raymond Chang, Max Holtzman, I-Tseng Jenny Chan, Timothy Mahoney, Leonard J. Sokolow, and Krishnan Varier and Stuart Wilcox to the Board of Directors;” Excerpt from Page 34 of the Proxy Statement: “We are asking stockholders to approve the issuance of up to 21,108,751 shares of our Common Stock upon the exercise of Warrants issued in connection with the issuance of a senior secured note and the exchange of previously issued warrants in August 2022 , as required by Nasdaq Listing Rule 5635(d), the increase in the number of shares of Common Stock underlying a warrant that is currently exercisable for up to 2,809,669 shares of Common Stock that were issued to our former senior lender (the “Former Lender”) in October 2023 (the “Warrant”) under certain circumstances, as described in more detail below.” Except as specifically revised by the information contained herein, this supplement does not modify, amend or otherwise affect any of the other information set forth in the Proxy Statement. In addition, this supplement does not reflect events occurring after the date of the Proxy Statement or modify or update such disclosure that may have been affected by subsequent events. YOU SHOULD READ THIS SUPPLEMENT IN CONJUNCTION WITH THE PROXY STATEMENT AND, FROM AND AFTER THE DATE OF THIS SUPPLEMENT, ANY REFERENCES TO THE “PROXY STATEMENT” SHALL BE DEEMED TO INCLUDE THE PROXY STATEMENT AS SUPPLEMENTED HEREBY.

View Full Filing

View this DEFA14A filing on SEC EDGAR