---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-24-069076"
form_type: "8-K"
ticker: "RYM"
cik: "0001800637"
company_name: "RYTHM, Inc."
filed_at: "2024-08-14T23:59:59+00:00"
generated_at: "2026-05-31T09:23:41.585977+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Agrify restates Q1 2024 financials; issues $1.5M insider convertible note

## Summary
- Restatement: Q1 2024 interim financials no longer reliable due to errors in Mack Molding settlement accounting.
- Loan: $1.5M junior secured note from CP Acquisitions (CEO Chang/Board member Chan); 10% interest, matures July 1, 2025.
- Conversion: Note convertible at $0.2633/share into common or pre-funded warrants (exercise price $0.001).
- Misstatements affect notes payable, accumulated deficit, equity, cost of goods sold, G&A, settlement gain, interest.
- Company plans to file amended Form 10-Q as soon as practicable.

## SEC filing metadata
- accession: 0001213900-24-069076
- form_type: 8-K
- ticker: RYM
- cik: 0001800637
- company_name: RYTHM, Inc.
- filed_at: 2024-08-14T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 4.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1800637/000121390024069076/0001213900-24-069076-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1800637/000121390024069076/ea0211340-8k_agrify.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-24-069076
- JSON: https://secwatch.observer/filing/0001213900-24-069076.json
- Plain text: https://secwatch.observer/filing/0001213900-24-069076.txt

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