secwatch.observer — SEC 8-K summary
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Issuer:     RYTHM, Inc. (RYM)
CIK:        0001800637
Form:       8-K
Filed at:   2024-02-28T23:59:59+00:00
Accession:  0001213900-24-017786
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1800637/000121390024017786/0001213900-24-017786-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1800637/000121390024017786/ea0200855-8k_agrifycorp.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-017786

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