secwatch.observer — SEC 8-K summary
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Issuer:     RYTHM, Inc. (RYM)
CIK:        0001800637
Form:       8-K
Filed at:   2026-08-11T11:00:14+00:00
Accession:  0001213900-26-087480
Event type: other_material
Sentiment:  negative
Materiality: 1.00
Item codes: 1.01, 2.03, 3.02, 5.01, 5.07, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

RYTHM removes ownership caps; Green Thumb affiliate RSLGH to control ~89.9% of shares
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- Amendment removes 49.99% beneficial ownership limits on $72M notes and warrants covering up to 9,731,638 shares, effective Oct 10, 2026.
- RSLGH (Green Thumb) ownership rises from 49.99% to ~89.9% of RYTHM common stock as of Aug 11, 2026.
- Aggregate consideration of $109.5M funded from Green Thumb working capital, plus interest under notes and fees under services agreement.
- Shareholders approved issuance of shares under Nasdaq Rule 5635: 1,118,058 for, 10,049 against, 747 abstain.
- Amendment also removes ownership limits in Shared Services Agreement with VMS and future warrants issued under notes/services.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1800637/000121390026087480/0001213900-26-087480-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1800637/000121390026087480/ea0301464-8k_rythm.htm
  HTML page:      https://secwatch.observer/filing/0001213900-26-087480

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