secwatch.observer — SEC 8-K summary
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Issuer:     RYTHM, Inc. (RYM)
CIK:        0001800637
Form:       8-K
Filed at:   2024-10-22T23:59:59+00:00
Accession:  0001213900-24-089657
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Agrify doubles convertible note maximum from $1.5M to $3M in insider-related amendment
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- Principal increased to $3M from $1.5M; conversion price unchanged at $3.9495 per share.
- Note bears 10% interest, matures July 1, 2025; secured but junior to existing debt.
- Issued to entity controlled by CEO Raymond Chang and board member I-Tseng Jenny Chan.
- CP can convert into common stock or pre-funded warrants at $0.001 per share exercise price.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1800637/000121390024089657/0001213900-24-089657-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1800637/000121390024089657/ea0218192-8k_agrify.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-089657

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