# RYTHM, Inc. (RYM) — capital_raise [announced]
Source: SEC API (secapi.ai) · situation sit_4a9fa1e02df07508162b · retrieved 2026-08-14T01:26:20.361Z

## Overview
(formerly Agrify Corporation) (together with its subsidiaries, the "Company" or "RYTHM") delivers well-being to consumers through its portfolio of hemp-derived tetrahydrocannabinol ("hemp-derived THC") products and iconic licensed brands.

On August 10, 2026, RYTHM, Inc. entered into an amendment agreement with RSLGH, LLC (a subsidiary of Green Thumb Industries Inc.) and Vision Management Services, LLC to remove all beneficial ownership limitations from secured convertible notes with an aggregate original principal amount of $72.0 million, pre-funded warrants to purchase up to 9,731,638 shares of common stock, and a shared services agreement. As a result of removing these ownership limitations, RSLGH's beneficial ownership in the Company's common stock increased from 49.99% to approximately 89.9% as of August 11, 2026. The amendment is effective as of October 10, 2026. Shareholders approved the issuance of shares to holders of the convertible notes and warrants at a special meeting on August 10, 2026, with 1,118,058 votes in favor, 10,049 against, and 747 abstentions.

## Terms
- Counterparty: RSLGH, LLC (subsidiary of Green Thumb Industries Inc.) · Deal value: $72.0M · Consideration: mixed · Stake: 89.9%

## Key dates
- Announced 2026-08-11 · Record 2026-06-26 · Vote 2026-08-10

## Timeline
- 2026-08-11 · 8-K (0001213900-26-087480): 8-K - RYTHM, Inc. — *(formerly Agrify Corporation) (together with its subsidiaries, the "Company" or "RYTHM") delivers well-being to consumers through its portfolio of hemp-derived tetrahydrocannabinol ("hemp-derived THC") products and iconic licensed brands.* On August 10, 2026, RYTHM, Inc. entered into an amendment agreement with RSLGH, LLC (a subsidiary of Green Thumb Industries Inc.) and Vision Management Services, LLC to remove all beneficial ownership limitations from secured convertible notes with an aggregate original principal amount of $72.0 million, pre-funded warrants to purchase up to 9,731,638 shares of common stock, and a shared services agreement. As a result of removing these ownership limitations, RSLGH's beneficial ownership in the Company's common stock increased from 49.99% to approximately 89.9% as of August 11, 2026. The amendment is effective as of October 10, 2026. Shareholders approved the issuance of shares to holders of the convertible notes and warrants at a special meeting on August 10, 2026, with 1,118,058 votes in favor, 10,049 against, and 747 abstentions.
  https://www.sec.gov/Archives/edgar/data/1800637/0001213900-26-087480.txt

## Citations
- 0001213900-26-087480 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000121390026087480