secwatch.observer — SEC 8-K summary
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Issuer:     RYTHM, Inc. (RYM)
CIK:        0001800637
Form:       8-K
Filed at:   2024-09-04T23:59:59+00:00
Accession:  0001213900-24-075628
Event type: other_material
Sentiment:  negative
Materiality: 0.85
Item codes: 1.01, 5.07, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Agrify amends debt settlement with Mack, authorizes $15M equity issuance and reverse split
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- Amendment to Mack Molding settlement: pay $2M total by Dec 31, 2024; purchase 50 VFUs by year-end; warrant terminates upon full payment.
- Shareholders approved issuance of up to $15M shares to Ionic Ventures (≥20% of outstanding) and authorized reverse stock split (1:2 to 1:20).
- Insiders affiliated with CEO exercised pre-funded warrants for 5,746,900 shares; total shares outstanding now 19,977,347.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1800637/000121390024075628/0001213900-24-075628-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1800637/000121390024075628/ea0213326-8k_agrify.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-075628

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