Chan Files 13D/A Amendment for Agrify Corp

TL;DR

Jenny Chan filed a 13D/A amendment for Agrify Corp on Nov 5, 2024. Ownership change incoming.

AI Summary

On November 5, 2024, I-Tseng Jenny Chan filed an amendment (Amendment No. 7) to Schedule 13D for Agrify Corporation. This filing indicates a change in beneficial ownership of Agrify Corporation's common stock. The filing was made by CP Acquisitions, LLC, with I-Tseng Jenny Chan listed as the authorized contact.

Why It Matters

This filing signals a potential shift in control or significant stake changes for Agrify Corporation, which could impact its stock price and strategic direction.

Risk Assessment

Risk Level: medium — Schedule 13D filings often indicate significant stake building or changes in control, which can lead to volatility.

Key Players & Entities

• Agrify Corporation (company) — Subject company
• I-Tseng Jenny Chan (person) — Filing person and authorized contact
• CP ACQUISITIONS, LLC (company) — Group member filing the statement
• November 5, 2024 (date) — Date of event requiring filing

FAQ

Key Financial Figures

• $0.001 — ation (Name of Issuer) Common Stock, $0.001 par value (Title of Class of Securiti
• $3,500,000.00 — with an outstanding principal amount of $3,500,000.00 and a conversion price of $21.90 per sh
• $21.90 — $3,500,000.00 and a conversion price of $21.90 per share (as may be adjusted per the S
• $3,000,000.00 — with an outstanding principal amount of $3,000,000.00 and a conversion price of $3.9495 (as m
• $3.9495 — $3,000,000.00 and a conversion price of $3.9495 (as may be adjusted per the Junior Note

Filing Documents

• ea0222554-13da7chan_agri.htm (SC 13D/A) — 42KB
• ea022255401ex99-1_agrify.htm (EX-99.1) — 109KB
• 0001213900-24-104118.txt ( ) — 152KB

Interest in Securities of the Issuer

Item 5. Interest in Securities of the Issuer.

(a) of the Schedule

Item 5(a) of the Schedule 13D is hereby amended and restated in its entirety as follows: Each Reporting Person is the record owner of the securities set forth on their respective cover sheet. The percentage of outstanding Common Stock which may be deemed to be beneficially owned by each Reporting Person is set forth on Line 13 of each Reporting Person’s cover sheet. Such percentage was calculated based on the 1,743,373 shares of Common Stock outstanding as of the date hereof. Notwithstanding the foregoing, Ms. Chan hereby disclaims beneficial ownership with respect to the securities held by CP Acquisitions except to the extent of her pecuniary interest therein.

(c) of the Schedule

Item 5(c) of the Schedule 13D is hereby amended and supplemented as follows: The foregoing summary of the Purchase Agreement does not purport to be complete, and is qualified in its entirety by reference to a copy of the Purchase Agreement that is filed as Exhibit 1 hereto. The percentages used in this Schedule 13D are calculated based on 1,743,373 shares of Common Stock outstanding as of November 25, 2024.

Material to be Filed as Exhibits

Item 7. Material to be Filed as Exhibits. Exhibit No. Description 1 Purchase Agreement, dated as of November 5, 2024, by and among RSLGH, LLC, Raymond N. Chang, Chinwei Wang, I-Tseng Jenny Chan, CP Acquisitions, LLC, GIC Acquisition LLC, RTC3 2020 Irrevocable Trust, M Zion Capital, LLC, M Olivet Capital, LLC and M Cannan Capital, LLC – Filed Herewith 4 SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, the undersigned certifies that the information set forth in this statement is true, complete and correct. Dated: November 29, 2024 I-Tseng Jenny Chan /s/ I-Tseng Jenny Chan Name: I-Tseng Jenny Chan CP Acquisitions, LLC By: /s/ I-Tseng Jenny Chan Name: I-Tseng Jenny Chan Title: Manager 5

View Full Filing

View this SC 13D/A filing on SEC EDGAR