secwatch.observer — SEC 8-K summary
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Issuer:     RYTHM, Inc. (RYM)
CIK:        0001800637
Form:       8-K
Filed at:   2024-08-29T23:59:59+00:00
Accession:  0001213900-24-073911
Event type: other_material
Sentiment:  negative
Materiality: 0.90
Item codes: 1.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Agrify signs $15M equity line with Ionic Ventures; insider warrants balloon to 98M shares
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- Entered Purchase Agreement with Ionic Ventures for up to $15M of common stock; initial $400K issued at ~$0.1406/share.
- Purchase price set at 93% of lowest VWAP over measurement period (80% if delisted); floor price of $0.25.
- Insider CP and GIC warrants amended to reinsert adjustment provisions; resulting shares: CP Warrant 81.8M, GIC Warrant 16.3M.
- CP and GIC agree not to exercise beyond 4M and 7.4M shares respectively until reverse split or authorized share increase.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1800637/000121390024073911/0001213900-24-073911-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1800637/000121390024073911/ea0212771-8k_agrify.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-073911

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