secwatch.observer — SEC 8-K summary
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Issuer:     RYTHM, Inc. (RYM)
CIK:        0001800637
Form:       8-K
Filed at:   2023-04-17T23:59:59+00:00
Accession:  0001213900-23-030258
Event type: other_material
Sentiment:  negative
Materiality: 0.85
Item codes: 4.02
LLM model:  deepseek-v4-flash:cloud@v2

Agrify restates Q1-Q3 2022 financials; reclassifies warrants as liabilities
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- Audit committee determines warrants from Jan and Mar 2022 private placements were misclassified as equity.
- 301,575 warrants issued Jan 28, 2022 and 688,111 warrants issued Mar 23, 2022 must be recorded as liabilities.
- Non-cash fair value changes will be reflected in statement of operations; prior filings no longer reliable.
- Affected periods: March 31, June 30, September 30, 2022; amended Qs to be filed ASAP.
- Marcum LLP consulted and agrees with the conclusion.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1800637/000121390023030258/0001213900-23-030258-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1800637/000121390023030258/ea177061-8k_agrify.htm
  HTML page:      https://secwatch.observer/filing/0001213900-23-030258

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