---
schema_version: "secwatch.filing_event.v1"
accession: "0001013762-23-000130"
form_type: "8-K"
ticker: "RYM"
cik: "0001800637"
company_name: "RYTHM, Inc."
filed_at: "2023-10-02T23:59:59+00:00"
generated_at: "2026-06-10T06:28:29.144992+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Agrify restates Q1-Q3 2022 results due to warrant reclassification; non-cash adjustments impact net income

## Summary
- Restatements for Q1-Q3 2022 primarily reclassify warrants as liabilities, requiring fair value remeasurement each period.
- Q1 2022 net income changed from ($8.9M) loss to $1.8M gain due to $10.8M warrant liability gain.
- Q2 2022 net loss narrowed from ($93.4M) to ($74.6M) with $20.2M warrant liability gain.
- Q3 2022 net loss widened from ($46.3M) to ($57.4M) including $38.9M loss on extinguishment.
- Restatements are non-cash and do not affect cash position, business operations, or sales.

## SEC filing metadata
- accession: 0001013762-23-000130
- form_type: 8-K
- ticker: RYM
- cik: 0001800637
- company_name: RYTHM, Inc.
- filed_at: 2023-10-02T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01, 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1800637/000101376223000130/0001013762-23-000130-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1800637/000101376223000130/ea185697-8k_agrifycorp.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001013762-23-000130
- JSON: https://secwatch.observer/filing/0001013762-23-000130.json
- Plain text: https://secwatch.observer/filing/0001013762-23-000130.txt

## Key facts
- Earnings Releases
  RYTHM, Inc. reported preliminary financial results for first three quarters of its 2022 fiscal year.
  - Period: first three quarters of its 2022 fiscal year
  - Result: preliminary results
  source text: On October 2, 2023, Agrify Corporation (the “Company”) issued a press release announcing the Company’s filing of its restated Quarterly Reports on Form 10-Q for March 31, 2022, June 30, 2022, and September 30, 2022, which included a summary of financial results for each of the applicable quarters.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1800637/000101376223000130/0001013762-23-000130-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.