FOMC minutes; Delta, PepsiCo to report; gold retreats - what’s moving markets
Rythm, Inc. (None: RYM) Interim CEO Benjamin Kovler reported purchasing 1,000 shares of common stock on September 3, 2025, at a price of $36.70 per share, totaling $36,700. The purchase comes as RYM stock shows significant volatility, with shares trading at $1.42, down over 50% year-to-date. The company currently maintains a market capitalization of $1.4 billion. InvestingPro analysis reveals 18 additional investment signals that could help investors evaluate this insider purchase.
Following the transaction, Kovler directly owns 17,000 shares of Rythm, Inc. common stock. The report also indicates that Kovler indirectly owns 420 shares through his daughter. Recent data shows the stock has experienced a strong return over the last month, despite trading near its 52-week low of $1.23.
In other recent news, Agrify Corporation announced the acquisition of a portfolio of brand intellectual properties from Green Thumb Industries for $50 million. This transaction was completed via a convertible note and includes well-known cannabis brands such as RYTHM, Dogwalkers, and Beboe. As part of the acquisition, Agrify will license these brands back to Green Thumb Industries for manufacturing and distribution. Additionally, Agrify plans to change its name to RYTHM, Inc., with trading under the new ticker symbol "RYM" set to begin on the Nasdaq Capital Market in September 2025.
In another development, Agrify expanded its stock incentive plan following approval from its stockholders during the Annual Meeting. The amendment to the Agrify 2022 Omnibus Equity Incentive Plan increased the number of shares available for issuance by 250,000. This amendment was part of Proposal 3 in the definitive proxy statement filed earlier this year. The full text of the amended plan is available in the company’s Form 8-K filing.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.