secwatch.observer — SEC 8-K summary
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Issuer:     RYTHM, Inc. (RYM)
CIK:        0001800637
Form:       8-K
Filed at:   2025-08-27T23:59:59+00:00
Accession:  0001213900-25-081148
Event type: m_and_a
Sentiment:  positive
Materiality: 0.85
Item codes: 1.01, 1.02, 2.01, 2.03, 3.02, 5.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Agrify acquires brand portfolio from Green Thumb for $50M, changes name to RYTHM
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- Acquired brand IP (RYTHM, Dogwalkers, Beboe) from Green Thumb for $50M via convertible note; assets consist of intellectual property rights.
- Company renamed to RYTHM, Inc.; Nasdaq ticker changes from AGFY to RYM effective Sept 2, 2025.
- Issued $50M in secured convertible notes (10% annual interest, due Feb 2027); conversion price $29.475/share.
- License agreement grants Green Thumb right to manufacture/distribute acquired brands for monthly fee based on sales.
- Existing notes from Nov 2024 and May 2025 amended to rank on parity with the new notes.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1800637/000121390025081148/0001213900-25-081148-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1800637/000121390025081148/ea0254695-8k_agrify.htm
  HTML page:      https://secwatch.observer/filing/0001213900-25-081148

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