---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-25-046875"
form_type: "8-K"
ticker: "RYM"
cik: "0001800637"
company_name: "RYTHM, Inc."
filed_at: "2025-05-22T23:59:59+00:00"
generated_at: "2026-05-20T18:39:10.337280+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Agrify acquires incredibles brand IP for $5.1M cash, issues $30M convertible notes

## Summary
- Acquired all equity of MC Brands (incredibles brand) from Green Thumb subsidiary VCP for $5,075,000 cash.
- Issued $30M secured convertible notes due Nov 2026, 10% annual interest payable in pre-funded warrants.
- Green Thumb (34% owner, Chairman/CEO Kovler) is counterparty in multiple license and services agreements.
- Exclusive license back to Green Thumb for incredibles brand in state-licensed cannabis; also got Beboe and Rythm licenses for hemp.
- Existing convertible note amended to allow conversion into pre-funded warrants; notes rank pari passu.

## SEC filing metadata
- accession: 0001213900-25-046875
- form_type: 8-K
- ticker: RYM
- cik: 0001800637
- company_name: RYTHM, Inc.
- filed_at: 2025-05-22T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1800637/000121390025046875/0001213900-25-046875-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1800637/000121390025046875/ea0243186-8k_agrify.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-25-046875
- JSON: https://secwatch.observer/filing/0001213900-25-046875.json
- Plain text: https://secwatch.observer/filing/0001213900-25-046875.txt

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