secwatch.observer — SEC 8-K summary
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Issuer:     RYTHM, Inc. (RYM)
CIK:        0001800637
Form:       8-K
Filed at:   2023-04-27T23:59:59+00:00
Accession:  0001213900-23-033012
Event type: other_material
Sentiment:  neutral
Materiality: 0.80
Item codes: 1.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Agrify exchanges $2M of debt for 8.9M common shares with High Trail
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1800637/000121390023033012/0001213900-23-033012-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1800637/000121390023033012/ea177539-8k_agrify.htm
  HTML page:      https://secwatch.observer/filing/0001213900-23-033012

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