- RYTHM, Inc. (formerly Agrify Corporation) is filing an 8-K to **recast financial information** for the fiscal year ended **December 31, 2024**, and present comparable data for **December 31, 2023**, to reflect the reclassification of its Extraction Business as discontinued operations.  **[1800637_0001213900-25-097503_ea026058801ex99-1_rythm.htm:0]** 
- The company's Board of Directors approved the discontinuation of the **Extraction Business** on **March 30, 2025**, which met the criteria under Accounting Standard Codification (ASC) 205-20 to be reported as discontinued operations due to a strategic shift.  **[1800637_0001213900-25-097503_ea026058801ex99-1_rythm.htm:0]** 
- The **Cultivation Business** was also sold on **December 31, 2024**, and its results are retrospectively presented as discontinued operations in the consolidated financial statements.  **[1800637_0001213900-25-097503_ea026058801ex99-1_rythm.htm:2]** **[1800637_0001213900-25-097503_ea026058801ex99-1_rythm.htm:28]** 
- This filing revises specific portions of the FY 2024 Form 10-K, including "Management's Discussion and Analysis of Financial Condition and Results of Operations" and "Financial Statements and Supplementary Data," to incorporate these changes.  **[1800637_0001213900-25-097503_ea026058801ex99-1_rythm.htm:0]**

RYTHM (RYM)