Agrify files acquired Double or Nothing financials; deal valued at ~$18.8M plus assumed debt

RYTHM, Inc.

Acquired substantially all assets of Double or Nothing (hemp-derived THC beverages) on Dec 12, 2024.
Consideration: 97,300 Agrify shares and 432,700 pre-funded warrants (fair value ~$18.8M) plus $0.4M promissory note.
Double or Nothing FY2023 revenue $466,846; net loss $208,485. FY2022 revenue $82,014; net loss $411,587.
Nine-month Sep 2024 revenue $803,523; net income $55,520 vs. loss $194,705 in prior-year period.
Pro forma combined balance sheet as of Sep 30, 2024 and statements of operations for FY2023 and nine months Sep 2024 filed.

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