secwatch.observer — SEC 8-K summary
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Issuer:     RYTHM, Inc. (RYM)
CIK:        0001800637
Form:       8-K
Filed at:   2024-04-22T23:59:59+00:00
Accession:  0001213900-24-034983
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.85
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Agrify to be acquired by Nature's Miracle in all-stock deal valued at ~$6.35M
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- Each AGFY shareholder gets ~0.45 NMHI shares, valuing equity at $6.35M based on NMHI's $0.93 close on 4/16.
- Raymond Chang (Agrify CEO) to become President of Agrify division and join NMHI board; one other director to join.
- Deal expected to close within 6 months, subject to due diligence, shareholder approval, and customary conditions.
- Nature's Miracle agrees to purchase $500k–$750k of LED lighting goods from Agrify prior to closing.
- NMHI to purchase ~$13.1M of Agrify debt from Chang-controlled entities with cash and stock at closing and over 12 months.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1800637/000121390024034983/0001213900-24-034983-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1800637/000121390024034983/ea0204304-8k_agrifycorp.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-034983

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