{"schema_version":"secwatch.filing_event.v1","accession":"0001213900-23-033012","form_type":"8-K","ticker":"RYM","cik":"0001800637","company_name":"RYTHM, Inc.","filed_at":"2023-04-27T23:59:59+00:00","discovered_at":"2026-05-14T18:03:40.650698+00:00","generated_at":"2026-06-16T09:17:52.737095+00:00","sec_items":["1.01","3.02","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Agrify exchanges $2M of debt for 8.9M common shares with High Trail","bullets":["Agrify exchanged $2.0M of senior secured note principal for 8,903,927 common shares with High Trail Special Situations LLC.","Exchange shares are unregistered, issued under Section 3(a)(9) exemption; eligible for Rule 144 resale without restrictive legend.","Beneficial ownership limit of 4.99% applies; shares exceeding limit held in abeyance until permitted.","Closing expected on or around May 1, 2023, subject to customary conditions.","Transaction reduces remaining principal under August 2022 note; prior exchanges totaled $35.2M+ in prepayments."],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-23-033012","json":"https://secwatch.observer/filing/0001213900-23-033012.json","markdown":"https://secwatch.observer/filing/0001213900-23-033012.md","text":"https://secwatch.observer/filing/0001213900-23-033012.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1800637/000121390023033012/0001213900-23-033012-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1800637/000121390023033012/ea177539-8k_agrify.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-16T09:17:52.737095+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"01d8826131a450eee1edfc166dab2d403a21e5ab","claim":"RYTHM, Inc. entered into Letter Agreement with Lender valued at Exchanged $2.0 million of the August 2022 Note for 8,903,927 shares of common stock (effective 2023-04-26).","evidence_excerpt":"On April 26, 2023, the Company entered into a letter agreement with the Lender (the “Letter Agreement”), pursuant to which the Company and the Lender agreed to exchange $2.0 million of the remaining outstanding principal amount under the August 2022 Note for 8,903,927 shares (the “Exchange Shares”) of common stock of the Company, par value $0.001 per share (the “Common Stock”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1800637/000121390023033012/0001213900-23-033012-index.htm","confidence":0.95,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Counterparty","value":"Lender"},{"label":"Value","value":"Exchanged $2.0 million of the August 2022 Note for 8,903,927 shares of common stock"},{"label":"Effective","value":"2023-04-26"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}