RYTHM, Inc. (RYM) Form 8-K — Aug 11, 2026
RYTHM, Inc. entered an amendment on August 10, 2026 with RSLGH, LLC and Vision Management Services, LLC, both subsidiaries of Green Thumb Industries, stripping all beneficial ownership limitations from $72.0 million of secured convertible notes, pre-funded warrants covering up to 9,731,638 shares, and a shared services agreement. The amendment becomes effective October 10, 2026. As a result of the removed caps, RSLGH's beneficial ownership of RYTHM jumps from 49.99% to approximately 89.9%.
Key figures
- Debt Amount
- 72000000
- Deal Value Usd
- 109500000
- Shares Outstanding
- 2179128
- Votes for
- 1118058
- Votes against
- 10049
- Votes abstained
- 747
- Rslgh ownership after
- approximately 89.9%
- Rslgh ownership before
- 49.99%
- Aggregate consideration
- $109.5 million
- May 2025 note principal
- 27000000
- Shares voted at meeting
- 1128854
- Amendment effective date
- October 10, 2026
- Rslgh common shares held
- 698961
- Pre funded warrant shares
- 9731638
- August 2025 note principal
- 45000000
- Quorum percent of eligible
- 51.8%
- November 2024 note principal
- 10000000
- Notes aggregate original principal
- $72.0 million
Price after filing
Close on the filing date to close N calendar days later (from $20.95). Historical, not a forecast.
AI analysis
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