secwatch.observer — SEC 8-K summary
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Issuer:     RYTHM, Inc. (RYM)
CIK:        0001800637
Form:       8-K
Filed at:   2024-11-21T23:59:59+00:00
Accession:  0001213900-24-100715
Event type: other_material
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 3.02, 5.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1800637/000121390024100715/0001213900-24-100715-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1800637/000121390024100715/ea0222062-8k_agrify.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-100715

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