---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-23-083943"
form_type: "8-K"
ticker: "RYM"
cik: "0001800637"
company_name: "RYTHM, Inc."
filed_at: "2023-10-30T23:59:59+00:00"
generated_at: "2026-06-09T06:09:49.306915+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Agrify CEO's affiliate purchases ~$15.5M notes, extends maturity, settles Mack dispute

## Summary
- CP Acquisitions (affiliate of CEO Chang) purchased ~$15.5M aggregate principal of notes from existing lender.
- Existing lender exchanged $3.0M principal + $1.1M accrued interest for warrants to buy 2,809,669 shares at $0.001/share.
- New Lender waived defaults through Dec 31, 2023 and extended note maturity to Dec 31, 2025.
- Settled $8.24M Mack Molding dispute: $500k due Nov 1, $250k due Feb 2024; issued 750k-share warrant at $4.00.
- Company issued $3M junior secured note (10%, Dec 2023 maturity) to CP Acquisitions; $2M drawn.

## SEC filing metadata
- accession: 0001213900-23-083943
- form_type: 8-K
- ticker: RYM
- cik: 0001800637
- company_name: RYTHM, Inc.
- filed_at: 2023-10-30T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1800637/000121390023083943/0001213900-23-083943-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1800637/000121390023083943/ea187778-8k_agrifycorp.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-23-083943
- JSON: https://secwatch.observer/filing/0001213900-23-083943.json
- Plain text: https://secwatch.observer/filing/0001213900-23-083943.txt

## Key facts
- Material Agreements
  RYTHM, Inc. entered into Modification and Settlement Agreement with Mack Molding Company valued at settlement of outstanding dispute of approximately $8.24 million under the Supply Agreement; payment (effective 2023-10-18).
  - Action: entry
  - Agreement: supply
  - Counterparty: Mack Molding Company
  - Value: settlement of outstanding dispute of approximately $8.24 million under the Supply Agreement; payment
  - Effective: 2023-10-18
  source text: Mack Molding Modification Agreement Immediately prior to the Note Purchase on October 27, 2023, and with an effective date as of October 18, 2023, the Company entered into a Modification and Settlement Agreement (the “Modification Agreement”) with Mack Molding Company (“Mack”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1800637/000121390023083943/0001213900-23-083943-index.htm

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