---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-24-045718"
form_type: "8-K"
ticker: "RYM"
cik: "0001800637"
company_name: "RYTHM, Inc."
filed_at: "2024-05-22T23:59:59+00:00"
generated_at: "2026-06-01T09:48:59.235034+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Agrify converts ~$13.8M debt to equity; expects to regain Nasdaq compliance

## Summary
- CP Acquisitions converted $11.5M of senior convertible note into Pre-Funded Warrants for up to 8.56M shares.
- GIC Acquisition converted ~$2.29M junior secured note into Pre-Funded Warrants for up to 3.23M shares.
- Company believes stockholders' equity now exceeds $2.5M, regaining compliance with Nasdaq Listing Rule 5550(b)(1).
- Pre-Funded Warrants include adjustment provisions subject to shareholder approval under Nasdaq Rule 5635.
- Conversions by entities controlled by CEO Raymond Chang and director I-Tseng Jenny Chan demonstrate insider support.

## SEC filing metadata
- accession: 0001213900-24-045718
- form_type: 8-K
- ticker: RYM
- cik: 0001800637
- company_name: RYTHM, Inc.
- filed_at: 2024-05-22T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.03, 3.01, 3.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1800637/000121390024045718/0001213900-24-045718-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1800637/000121390024045718/ea0206671-8k_agrifycorp.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-24-045718
- JSON: https://secwatch.observer/filing/0001213900-24-045718.json
- Plain text: https://secwatch.observer/filing/0001213900-24-045718.txt

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