---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-24-100715"
form_type: "8-K"
ticker: "RYM"
cik: "0001800637"
company_name: "RYTHM, Inc."
filed_at: "2024-11-21T23:59:59+00:00"
generated_at: "2026-05-29T21:02:16.405947+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Agrify closes ~$25.9M private placement; CEO Kovler invests and gets RSUs

## Summary
- Raised approx. $25.9M via private placement at $22.30/share (shares and pre-funded warrants) with institutional and accredited investors.
- Chairman & Interim CEO Benjamin Kovler purchased 10,000 shares at $38.76; also awarded 50,000 RSUs vesting in 1 year and $1 annual salary.
- Proceeds to be used for working capital, business development, and general corporate purposes.
- Closing expected November 21, 2024; resale registration statement to be filed within 45 days of investor demand.
- Señorita transaction remains on track for closing at or around year-end.

## SEC filing metadata
- accession: 0001213900-24-100715
- form_type: 8-K
- ticker: RYM
- cik: 0001800637
- company_name: RYTHM, Inc.
- filed_at: 2024-11-21T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 3.02, 5.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1800637/000121390024100715/0001213900-24-100715-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1800637/000121390024100715/ea0222062-8k_agrify.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-24-100715
- JSON: https://secwatch.observer/filing/0001213900-24-100715.json
- Plain text: https://secwatch.observer/filing/0001213900-24-100715.txt

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