secwatch.observer — SEC 8-K summary
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Issuer:     RYTHM, Inc. (RYM)
CIK:        0001800637
Form:       8-K
Filed at:   2024-05-16T23:59:59+00:00
Accession:  0001213900-24-043986
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.80
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Agrify to merge with Nature's Miracle; stockholders get 0.45 NMHI shares per AGFY share
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- Agrify shareholders receive 0.45 Nature's Miracle shares each; expected to own ~30% of combined company.
- Closing expected in H2 2024; subject to shareholder approvals and customary closing conditions.
- Debt purchase: Nature's Miracle acquires ~$5M of Agrify notes for cash/stock; additional $10.1M note for $7M cash after 1 year.
- Termination fee of $2M payable in certain circumstances, including superior proposal.
- Post-merger, Nature's Miracle board to include Agrify CEO Raymond Chang as a director.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1800637/000121390024043986/0001213900-24-043986-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1800637/000121390024043986/ea0206334-8k_agrify.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-043986

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