secwatch.observer — SEC 8-K summary
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Issuer:     RYTHM, Inc. (RYM)
CIK:        0001800637
Form:       8-K/A
Filed at:   2025-02-25T23:59:59+00:00
Accession:  0001213900-25-017101
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.65
Item codes: 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1800637/000121390025017101/0001213900-25-017101-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1800637/000121390025017101/ea0231904-8ka1_agrify.htm
  HTML page:      https://secwatch.observer/filing/0001213900-25-017101

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