SCHEDULE: Double or Nothing LLC Discloses 10% Stake in RYTHM, Inc.

Double or Nothing LLC, along with Charles Bieler and Joel Gott, reported a 10.0% beneficial ownership stake in RYTHM, Inc. as of September 30, 2025.

Summary

• Double or Nothing LLC, Charles Bieler, and Joel Gott collectively reported beneficial ownership of 211,391 shares of RYTHM, Inc. common stock.
• This ownership represents 10.0% of the total outstanding common stock of RYTHM, Inc., giving effect to a beneficial ownership limitation of 9.99% on the underlying pre-funded warrants.
• The reported shares include 97,300 shares of common stock and 247,200 shares underlying pre-funded warrants.
• Charles Bieler and Joel Gott are members of Double or Nothing LLC and are deemed beneficial owners of the shares held by the LLC.
• The securities were not acquired for the purpose of changing or influencing control of RYTHM, Inc., other than activities solely in connection with a nomination under Rule 14a-11.

Sentiment

Score: 7

Explanation: The disclosure of a significant 10% stake by an investment group, including pre-funded warrants, generally signals confidence in the company's prospects. The beneficial ownership limitation is a minor structural detail rather than a negative sentiment driver.

Positives

• A significant investment group, Double or Nothing LLC, along with its principals Charles Bieler and Joel Gott, has taken a substantial 10.0% stake in RYTHM, Inc., indicating confidence in the company.
• The investment includes pre-funded warrants, suggesting a long-term strategic interest in the company's future growth.

Negatives

• NA

Risks

• The pre-funded warrants held by Double or Nothing LLC are subject to a beneficial ownership limitation of 9.99%, which restricts the reporting persons from exercising warrants if it would result in ownership exceeding this threshold.

Future Outlook

NA

Industry Context

This filing indicates a significant investment by a private entity in RYTHM, Inc., which could be interpreted as a vote of confidence in the company's sector or specific business model. Without further context on RYTHM, Inc.'s industry, a broader industry trend analysis is not possible from this filing alone.

Related Party Transactions

• Charles Bieler and Joel Gott, as members of Double or Nothing LLC, are deemed beneficial owners of the shares held by the LLC, establishing a related party relationship in terms of ownership structure.

Stakeholder Impact

• Shareholders: The disclosure of a new significant shareholder group could be viewed positively, potentially signaling increased institutional interest and stability.
• Management: Management may need to engage with this new significant shareholder group regarding strategic direction or corporate governance matters.

Key Dates

Recommendation

The filing reveals a significant 10% stake by Double or Nothing LLC and its principals, which is a positive signal of investor confidence. However, a Schedule 13G filing alone does not provide sufficient financial or operational details to warrant a 'buy' or 'sell' recommendation. It primarily indicates a substantial ownership position, suggesting a 'hold' until further fundamental analysis can be conducted based on the company's financial performance and strategic initiatives.

Keywords

RYTHM Inc., beneficial ownership, Schedule 13G, Double or Nothing LLC, Charles Bieler, Joel Gott, common stock, pre-funded warrants, investment, stakeholder