RYTHM, Inc.

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds

On March 1, 2026, we issued 63,754 pre-funded warrants as payments of interest pursuant to the May 2025 Notes with an effective conversion price of $23.53. On March 9, 2026, we issued 78,459 pre-funded warrants to RSLGH as payment of interest pursuant to the August 2025 Note held by RSLGH with an effective conversion price of $29.475. The pre-funded warrants have an exercise price of $0.001 per share. The offers, sales and issuances of the securities described in this Item 2 were deemed to be exempt from registration under the Securities Act in reliance on Section 4(a)(2) of the Securities Act and Rule 506 promulgated under Regulation D promulgated thereunder as transactions by an issuer not involving a public offering. The recipients of securities in each of these transactions acquired the securities for investment only and not with a view to or for sale in connection with any distribution thereof, and appropriate legends were affixed to the securities issued in these transactions.