Financing ·
RYTHM, Inc. entered into an amendment agreement with RSLGH LLC and Vision Management Services LLC, subsidiaries of…
RYMRYTHM, Inc.
RYTHM, Inc. entered into an amendment agreement with RSLGH LLC and Vision Management Services LLC, subsidiaries of Green Thumb Industries, to remove beneficial ownership limitations on outstanding secured convertible notes ($72 million principal) and pre-funded warrants (9.73 million shares). Consequently, RSLGH’s beneficial ownership increased from 49.99% to approximately 89.9%, triggering a change in control under Item 5.01. The total consideration for these securities was $109.5 million, funded by Green Thumb's working capital and accrued interest/fees. Shareholders approved the issuance at a special meeting on August 10, 2026. The amendment becomes effective October 10, 2026. RYTHM, Inc. operates in the cannabis industry, providing technology solutions for cultivation and retail operations.