secwatch.observer — SEC 8-K summary
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Issuer:     RYTHM, Inc. (RYM)
CIK:        0001800637
Form:       8-K
Filed at:   2025-05-22T23:59:59+00:00
Accession:  0001213900-25-046875
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1800637/000121390025046875/0001213900-25-046875-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1800637/000121390025046875/ea0243186-8k_agrify.htm
  HTML page:      https://secwatch.observer/filing/0001213900-25-046875

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