secwatch.observer — SEC 8-K summary
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Issuer:     RYTHM, Inc. (RYM)
CIK:        0001800637
Form:       8-K
Filed at:   2023-10-30T23:59:59+00:00
Accession:  0001213900-23-083943
Event type: other_material
Sentiment:  neutral
Materiality: 0.85
Item codes: 1.01, 2.03, 3.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1800637/000121390023083943/0001213900-23-083943-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1800637/000121390023083943/ea187778-8k_agrifycorp.htm
  HTML page:      https://secwatch.observer/filing/0001213900-23-083943

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer