secwatch.observer — SEC 8-K summary
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Issuer:     RYTHM, Inc. (RYM)
CIK:        0001800637
Form:       8-K
Filed at:   2024-10-01T23:59:59+00:00
Accession:  0001213900-24-084050
Event type: other_material
Sentiment:  neutral
Materiality: 0.80
Item codes: 1.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Agrify amends pre-funded warrants held by CEO-affiliated entities, removing adjustment provisions and delaying exercise.
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- On Sept 27, 2024, Agrify amended CP Warrant and GIC Warrant to remove adjustment provisions that would increase shares upon equity financings.
- The amendments also prohibit any exercise of the warrants from Sept 27 to Oct 9, 2024.
- As a result of prior adjustments, CP Warrant now covers 81,784,320 shares and GIC Warrant covers 16,276,832 shares after Ionic Ventures issuance.
- CP partially exercised on Aug 30 for 5,746,900 shares, assigning them to entities affiliated with CEO Raymond Chang and director I-Tseng Jenny Chan.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1800637/000121390024084050/0001213900-24-084050-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1800637/000121390024084050/ea0216254-8k_agrify.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-084050

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