---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-24-017786"
form_type: "8-K"
ticker: "RYM"
cik: "0001800637"
company_name: "RYTHM, Inc."
filed_at: "2024-02-28T23:59:59+00:00"
generated_at: "2026-06-05T09:15:56.095141+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Agrify prices $2.6M public offering of 6.7M shares at $0.38/share

## Summary
- Priced public offering of 6,723,684 shares/pre-funded warrants at $0.38/share for gross proceeds of ~$2.6M.
- Net proceeds ~$2.2M after 7.0% placement agent fee and expenses; proceeds for working capital, capex, and debt repayment.
- CEO Raymond Chang participated on same terms; Alexander Capital LP is sole placement agent.
- Pre-funded warrants exercisable immediately; beneficial ownership cap at 4.99% (can increase to 9.99% with 61 days' notice).
- Offering expected to close Feb 28, 2024; placement agent receives warrants for 1% of securities sold.

## SEC filing metadata
- accession: 0001213900-24-017786
- form_type: 8-K
- ticker: RYM
- cik: 0001800637
- company_name: RYTHM, Inc.
- filed_at: 2024-02-28T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1800637/000121390024017786/0001213900-24-017786-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1800637/000121390024017786/ea0200855-8k_agrifycorp.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-24-017786
- JSON: https://secwatch.observer/filing/0001213900-24-017786.json
- Plain text: https://secwatch.observer/filing/0001213900-24-017786.txt

## Key facts
- Material Agreements
  RYTHM, Inc. entered into Agency Agreement with Alexander Capital, LP (effective 2024-02-27).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: Alexander Capital, LP
  - Effective: 2024-02-27
  source text: On February 27, 2024, Agrify Corporation (the “Company”) entered into a placement agency agreement (the “Agency Agreement”) with Alexander Capital, LP as placement agent (the “Placement Agent”), pursuant to which the Company agreed to issue and sell an aggregate of 2,760,000 shares of its common stock, and, in lieu of common stock to certain investors that so chose, pre-funded warrants (the “Pre-Funded Warrants”) to purchase 3,963,684 shares of its common stock (the “Offering”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1800637/000121390024017786/0001213900-24-017786-index.htm

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