{"version":"company-facts.v1","source":"https://secwatch.observer","generated_at":"2026-07-11T21:47:21.078596+00:00","company":{"ticker":"RIME","cik":923601,"company_name":"Algorhythm Holdings, Inc."},"pagination":{"limit":100,"returned":64,"next_cursor":null},"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer","counterparties":{"contract_counterparty":[{"display_name":"Fifth Third Bank, National Association","detail":"credit_facility","count":3,"first_seen":"2023-05-25T23:59:59+00:00","last_seen":"2023-11-22T23:59:59+00:00","evidence_fact_ids":[91772,115637,148035]},{"display_name":"SemiCab, Inc.","detail":"other","count":3,"first_seen":"2026-05-11T23:59:59+00:00","last_seen":"2026-06-22T20:40:41+00:00","evidence_fact_ids":[17361,201749,201750]},{"display_name":"Streeterville Capital, LLC","detail":"equity_purchase","count":2,"first_seen":"2025-12-29T23:59:59+00:00","last_seen":"2026-02-23T23:59:59+00:00","evidence_fact_ids":[31307,36879]},{"display_name":"Aegis Capital Corp","detail":"atm_program","count":1,"first_seen":"2023-02-17T23:59:59+00:00","last_seen":"2023-02-17T23:59:59+00:00","evidence_fact_ids":[178577]},{"display_name":"Oxford Commercial Finance","detail":"credit_facility","count":1,"first_seen":"2024-04-03T23:59:59+00:00","last_seen":"2024-04-03T23:59:59+00:00","evidence_fact_ids":[63463]}],"lender":[{"display_name":"Streeterville Capital, LLC","detail":"other","count":3,"first_seen":"2025-08-27T23:59:59+00:00","last_seen":"2026-02-23T23:59:59+00:00","evidence_fact_ids":[33326,36056,42231]},{"display_name":"SemiCab Inc.","detail":"loan","count":2,"first_seen":"2025-05-08T23:59:59+00:00","last_seen":"2026-05-07T23:59:59+00:00","evidence_fact_ids":[28404,94738]}],"ma_counterparty":[{"display_name":"SemiCab Inc.","detail":"acquisition","count":2,"first_seen":"2024-07-05T23:59:59+00:00","last_seen":"2025-05-08T23:59:59+00:00","evidence_fact_ids":[83260,123820]},{"display_name":"The Singing Machine Company, Inc. and Stingray Music USA, Inc.","detail":"disposition","count":1,"first_seen":"2025-08-07T23:59:59+00:00","last_seen":"2025-08-07T23:59:59+00:00","evidence_fact_ids":[27750]}]},"facts":[{"fact_type":"material_agreement","fact_key":"30b6a96e9e3b2ea802df06c41acf08f36333047a","cik":923601,"ticker":"RIME","company_name":"Algorhythm Holdings, Inc.","filed_at":"2026-06-22T20:40:41+00:00","payload":{"action":"entry","agreement_name":null,"agreement_type":"other","counterparty":"SemiCab, Inc.","effective_date":"2026-06-16","item_codes_triggered":["1.01"],"value_text":null},"claim":null,"evidence_excerpt":"On May 9, 2026, the Company and the Seller entered into a forbearance agreement pursuant to which: (i) the Seller irrevocably waived any default or event of default that was or will be caused under the Promissory Note as a result of the Company’s failure to pay the Initial Payment to the Seller on May 2, 2026, and (ii) the Seller will forbear from taking action with respect to any defaults or events of default arising after the date of the forbearance agreement with respect to the Company’s failure to make such payment that occur at any time on or prior to June 16, 2026.","confidence":0.95,"filing_url":"https://secwatch.observer/filing/0001493152-26-029603","anchor_url":"https://secwatch.observer/filing/0001493152-26-029603#claim-30b6a96e9e3b2ea802df06c41acf08f36333047a","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/923601/000149315226029603/0001493152-26-029603-index.htm"},{"fact_type":"material_agreement","fact_key":"1a172721223f15053ec849f22062bcbfca7d6b7d","cik":923601,"ticker":"RIME","company_name":"Algorhythm Holdings, Inc.","filed_at":"2026-06-22T20:40:41+00:00","payload":{"action":"entry","agreement_name":"Promissory Note","agreement_type":"notes_offering","counterparty":"SemiCab, Inc.","effective_date":"2025-05-02","item_codes_triggered":["1.01"],"value_text":"$1,750,000"},"claim":"Algorhythm Holdings, Inc. entered into Promissory Note with SemiCab, Inc. valued at $1,750,000 (effective 2025-05-02).","evidence_excerpt":"On May 2, 2025, Algorhythm Holdings, Inc. (the “Company”) issued a promissory note in the principal amount of $1,750,000 (the “Promissory Note”) to SemiCab, Inc., a Delaware corporation (the “Seller”), pursuant to an equity purchase agreement (the “Equity Purchase Agreement”) among the Company and its subsidiary, SemiCab Holdings, LLC, a Nevada limited liability company (“SemiCab Holdings”), and the Seller.","confidence":0.95,"filing_url":"https://secwatch.observer/filing/0001493152-26-029603","anchor_url":"https://secwatch.observer/filing/0001493152-26-029603#claim-1a172721223f15053ec849f22062bcbfca7d6b7d","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/923601/000149315226029603/0001493152-26-029603-index.htm"},{"fact_type":"exchange_compliance_notice","fact_key":"726097a88d4e8585d866d78c77d3c1a9859bd664","cik":923601,"ticker":"RIME","company_name":"Algorhythm Holdings, Inc.","filed_at":"2026-06-18T20:30:45+00:00","payload":{"company_response":null,"compliance_status":"deficient","cure_deadline":null,"deficiency_type":"minimum_bid_price","delisting_effective_date":null,"exchange":"nasdaq","hearing_date":null,"immediate_listing_effect":null,"minimum_requirement":null,"notice_date":"2026-06-16","notice_type":"deficiency_notice","plan_due_date":null,"raw_rule_text":"Nasdaq Listing Rule 5550(a)(2)","reported_value":null,"rule_numbers":["5550(a)(2)"],"rules_cited_in_text":true},"claim":"Algorhythm Holdings, Inc. received a nasdaq deficiency notice notice regarding minimum bid price (rules 5550(a)(2)).","evidence_excerpt":"June 16, 2026, Algorhythm Holdings, Inc. (the “Company”) received a letter (the “Notification Letter”) from the\nListing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that, based upon the closing\nbid price of the Company’s common stock (Nasdaq symbol: RIME) for the 30 consecutive business days from May 4, 2026 to June 15,\n2026, the Company no longer meets the minimum bid price requirement of $1.00 per share set forth in Nasdaq Listing Rule 5550(a)(2) for\ncontinued listing on The Nasdaq Capital Market. The\nNotification Letter states that the Company ha","confidence":0.99,"filing_url":"https://secwatch.observer/filing/0001493152-26-029347","anchor_url":"https://secwatch.observer/filing/0001493152-26-029347#claim-726097a88d4e8585d866d78c77d3c1a9859bd664","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/923601/000149315226029347/0001493152-26-029347-index.htm"},{"fact_type":"material_agreement","fact_key":"8837634d92da0986a67ff98caf673279aeb9b6c2","cik":923601,"ticker":"RIME","company_name":"Algorhythm Holdings, Inc.","filed_at":"2026-05-11T23:59:59+00:00","payload":{"action":"entry","agreement_name":"Forbearance Agreement","agreement_type":"other","counterparty":"SemiCab Inc.","effective_date":"2026-05-09","item_codes_triggered":["1.01"],"value_text":null},"claim":"Algorhythm Holdings, Inc. entered into Forbearance Agreement with SemiCab Inc. (effective 2026-05-09).","evidence_excerpt":"Promissory Note”) to SemiCab Inc., a Delaware corporation (the “Seller”), pursuant to an equity purchase agreement\n(the “Equity Purchase Agreement”) among the Company and its subsidiary, SemiCab Holdings, LLC, a Nevada limited liability","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001493152-26-022135","anchor_url":"https://secwatch.observer/filing/0001493152-26-022135#claim-8837634d92da0986a67ff98caf673279aeb9b6c2","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/923601/000149315226022135/0001493152-26-022135-index.htm"},{"fact_type":"debt_financing","fact_key":"244dfb33d262fc9c6de63b7f72a29c918fca7b86","cik":923601,"ticker":"RIME","company_name":"Algorhythm Holdings, Inc.","filed_at":"2026-05-07T23:59:59+00:00","payload":{"counterparty":"SemiCab Inc.","effective_date":"2026-05-02","event":"default","instrument_type":"loan","interest_rate_text":"six percent per annum","item_codes_triggered":["2.04"],"maturity_text":"May 2, 2026","principal_text":"$1,750,000"},"claim":"Algorhythm Holdings, Inc. reported a default on loan of $1,750,000 with SemiCab Inc. at six percent per annum maturing May 2, 2026.","evidence_excerpt":"Obligation or an Obligation under an Off-Balance Sheet Arrangement. On\nMay 2, 2025, Algorhythm Holdings, Inc. (the “Company”) issued a promissory note in the principal amount of $1,750,000 (the\n“Promissory Note”) to SemiCab Inc., a Delaware corporation (the “Seller”), pursuant to an equity purchase agreement\n(the “Equity Purchase Agreement”) among the Company and","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001493152-26-021727","anchor_url":"https://secwatch.observer/filing/0001493152-26-021727#claim-244dfb33d262fc9c6de63b7f72a29c918fca7b86","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/923601/000149315226021727/0001493152-26-021727-index.htm"},{"fact_type":"debt_financing","fact_key":"b0ab6f7830c0593b095d34d4e3d62676868be338","cik":923601,"ticker":"RIME","company_name":"Algorhythm Holdings, Inc.","filed_at":"2026-02-23T23:59:59+00:00","payload":{"counterparty":"Streeterville Capital, LLC","effective_date":"2026-02-17","event":"incurrence","instrument_type":"loan","interest_rate_text":"9% per annum","item_codes_triggered":["2.03"],"maturity_text":"three years","principal_text":"$10,355,000"},"claim":"Algorhythm Holdings, Inc. incurred loan of $10,355,000 with Streeterville Capital, LLC at 9% per annum maturing three years.","evidence_excerpt":"Secured Pre-Paid Purchase #4 provides for a fourth Pre-Paid Purchase in the principal amount of $10,355,000, before deducting an original issue discount of $855,000 (the “Fourth Pre-Paid Purchase”). The Fourth Pre-Paid Purchase accrues interest at the rate of nine percent (9%) per annum and has a maturity date of three years.","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001493152-26-007763","anchor_url":"https://secwatch.observer/filing/0001493152-26-007763#claim-b0ab6f7830c0593b095d34d4e3d62676868be338","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/923601/000149315226007763/0001493152-26-007763-index.htm"},{"fact_type":"material_agreement","fact_key":"49ab3b2820451b476e8280470848eb78c679d16c","cik":923601,"ticker":"RIME","company_name":"Algorhythm Holdings, Inc.","filed_at":"2026-02-23T23:59:59+00:00","payload":{"action":"entry","agreement_name":"Secured Pre-Paid Purchase #4","agreement_type":"equity_purchase","counterparty":"Streeterville Capital, LLC","effective_date":"2026-02-17","item_codes_triggered":["1.01"],"value_text":"$10,355,000"},"claim":"Algorhythm Holdings, Inc. entered into Secured Pre-Paid Purchase #4 with Streeterville Capital, LLC valued at $10,355,000 (effective 2026-02-17).","evidence_excerpt":"On February 17, 2026, Algorhythm Holdings, Inc. (the “Company”) entered into Secured Pre-Paid Purchase #4 with Streeterville Capital, LLC, a Utah limited liability company (“Streeterville”), under that certain securities purchase agreement (the “Securities Purchase Agreement”), dated August 21, 2025, between the Company and Streeterville.","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001493152-26-007763","anchor_url":"https://secwatch.observer/filing/0001493152-26-007763#claim-49ab3b2820451b476e8280470848eb78c679d16c","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/923601/000149315226007763/0001493152-26-007763-index.htm"},{"fact_type":"equity_issuance","fact_key":"a715da6bce42c9a5071b022131515f80a0f04da0","cik":923601,"ticker":"RIME","company_name":"Algorhythm Holdings, Inc.","filed_at":"2025-12-29T23:59:59+00:00","payload":{"action":"private_placement","consideration_text":"principal amount of $1,090,000, before deducting an original issue discount of $90,000","effective_date":"2025-12-19","item_codes_triggered":["3.02"],"purchaser":"Streeterville Capital, LLC","security_type":"common_stock","shares_text":null},"claim":"Algorhythm Holdings, Inc. issued common stock to Streeterville Capital, LLC for principal amount of $1,090,000, before deducting an original issue discount of $90,000.","evidence_excerpt":"the Company agreed to issue and sell shares of its common stock to Streeterville in one or more pre-paid purchases (each, a “Pre-Paid Purchase” and collectively, the “Pre-Paid Purchases”) for an aggregate purchase price of up to $20,000,000. Secured Pre-Paid Purchase #3 provides for a third Pre-Paid Purchase in the principal amount of $1,090,000, before deducting an original issue discount of $90,000","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001493152-25-029389","anchor_url":"https://secwatch.observer/filing/0001493152-25-029389#claim-a715da6bce42c9a5071b022131515f80a0f04da0","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/923601/000149315225029389/0001493152-25-029389-index.htm"},{"fact_type":"material_agreement","fact_key":"79f94c335c537fc2965d1dde5b05efb851e45924","cik":923601,"ticker":"RIME","company_name":"Algorhythm Holdings, Inc.","filed_at":"2025-12-29T23:59:59+00:00","payload":{"action":"entry","agreement_name":"Secured Pre-Paid Purchase #3","agreement_type":"other","counterparty":"Streeterville Capital, LLC","effective_date":"2025-12-19","item_codes_triggered":["1.01"],"value_text":"$1,090,000"},"claim":"Algorhythm Holdings, Inc. entered into Secured Pre-Paid Purchase #3 with Streeterville Capital, LLC valued at $1,090,000 (effective 2025-12-19).","evidence_excerpt":"On December 19, 2025, Algorhythm Holdings, Inc. (the “Company”) entered into Secured Pre-Paid Purchase #3 with Streeterville Capital, LLC, a Utah limited liability company (“Streeterville”)","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001493152-25-029389","anchor_url":"https://secwatch.observer/filing/0001493152-25-029389#claim-79f94c335c537fc2965d1dde5b05efb851e45924","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/923601/000149315225029389/0001493152-25-029389-index.htm"},{"fact_type":"debt_financing","fact_key":"3faa4f2f2b5fd1f6870cff5d0479bc4e6794ec58","cik":923601,"ticker":"RIME","company_name":"Algorhythm Holdings, Inc.","filed_at":"2025-12-29T23:59:59+00:00","payload":{"counterparty":"Streeterville Capital, LLC","effective_date":"2025-12-19","event":"incurrence","instrument_type":"other","interest_rate_text":"nine percent (9%) per annum","item_codes_triggered":["2.03"],"maturity_text":"three years","principal_text":"$1,090,000"},"claim":"Algorhythm Holdings, Inc. incurred debt of $1,090,000 with Streeterville Capital, LLC at nine percent (9%) per annum maturing three years.","evidence_excerpt":"Secured Pre-Paid Purchase #3 provides for a third Pre-Paid Purchase in the principal amount of $1,090,000, before deducting an original issue discount of $90,000 (the \"Third Pre-Paid Purchase\"). The Third Pre-Paid Purchase accrues interest at the rate of nine percent (9%) per annum and has a maturity date of three years.","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001493152-25-029389","anchor_url":"https://secwatch.observer/filing/0001493152-25-029389#claim-3faa4f2f2b5fd1f6870cff5d0479bc4e6794ec58","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/923601/000149315225029389/0001493152-25-029389-index.htm"},{"fact_type":"exchange_compliance_notice","fact_key":"1cd55d6344360785bb97a3b923c7e7ffdf5e01a9","cik":923601,"ticker":"RIME","company_name":"Algorhythm Holdings, Inc.","filed_at":"2025-11-28T23:59:59+00:00","payload":{"company_response":null,"compliance_status":"plan_due","cure_deadline":null,"deficiency_type":"stockholders_equity","delisting_effective_date":null,"exchange":"nasdaq","hearing_date":null,"immediate_listing_effect":false,"minimum_requirement":"$2,500,000","notice_date":"2025-11-28","notice_type":"deficiency_notice","plan_due_date":"2026-01-12","raw_rule_text":"Nasdaq Listing Rule 5550(b)(1)","reported_value":"$100,000","rule_numbers":["5550(b)(1)"],"rules_cited_in_text":true},"claim":"Algorhythm Holdings, Inc. received a nasdaq deficiency notice notice regarding stockholders equity (rules 5550(b)(1)).","evidence_excerpt":"November 28, 2025, Algorhythm Holdings, Inc. (the “Company”) received a letter from the Staff of the Nasdaq\nStock Market, LLC indicating that the Company’s stockholders’ equity as reported in its Quarterly Report on Form 10-Q for\nthe quarterly period ended September 30, 2025 (the “Form 10-Q”), did not satisfy the continued listing requirement under\nNasdaq Listing Rule 5550(b)(1), which requires listed companies to maintain a minimum stockholders’ equity of $2,500,000 (the “Stockholders’\nEquity Requirement”). As reported in its Form 10-Q, the Company’s stockholders’ equity as of September 30, 2","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001493152-25-025393","anchor_url":"https://secwatch.observer/filing/0001493152-25-025393#claim-1cd55d6344360785bb97a3b923c7e7ffdf5e01a9","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/923601/000149315225025393/0001493152-25-025393-index.htm"},{"fact_type":"auditor_change","fact_key":"b7f43db5da22fed1e6d4a7b7bc77778ca64acfbb","cik":923601,"ticker":"RIME","company_name":"Algorhythm Holdings, Inc.","filed_at":"2025-10-09T23:59:59+00:00","payload":{"action":"engagement","auditor_name":"M&K CPAs PLLC","disagreement_text":null,"effective_date":"2025-10-06","item_codes_triggered":["4.01"],"non_reliance_signal":"none","successor_auditor_name":null},"claim":"Algorhythm Holdings, Inc. engaged M&K CPAs PLLC as its auditor.","evidence_excerpt":"ctober 6, 2025, the Company engaged M&K CPAs PLLC (“M&K CPAs”) as the Company’s new independent registered\npublic accounting firm for the fiscal year ending December 31, 2025.","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001493152-25-017614","anchor_url":"https://secwatch.observer/filing/0001493152-25-017614#claim-b7f43db5da22fed1e6d4a7b7bc77778ca64acfbb","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/923601/000149315225017614/0001493152-25-017614-index.htm"},{"fact_type":"auditor_change","fact_key":"130db7ccda938be77fe8e7387fe225e33f50b275","cik":923601,"ticker":"RIME","company_name":"Algorhythm Holdings, Inc.","filed_at":"2025-10-09T23:59:59+00:00","payload":{"action":"dismissal","auditor_name":"Berkowitz Pollack Brant, Advisors + CPAs","disagreement_text":null,"effective_date":"2025-10-06","item_codes_triggered":["4.01"],"non_reliance_signal":"none","successor_auditor_name":"M&K CPAs PLLC"},"claim":"Algorhythm Holdings, Inc. dismissed Berkowitz Pollack Brant, Advisors + CPAs as its auditor.","evidence_excerpt":"ismissal of Independent Registered Public Accounting Firm On\nOctober 6, 2025, Algorhythm Holdings, Inc. (the “Company”) dismissed Berkowitz Pollack Brant, Advisors + CPAs (“Berkowitz”)\nas the Company’s independent registered public accounting firm effective on that date.","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001493152-25-017614","anchor_url":"https://secwatch.observer/filing/0001493152-25-017614#claim-130db7ccda938be77fe8e7387fe225e33f50b275","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/923601/000149315225017614/0001493152-25-017614-index.htm"},{"fact_type":"debt_financing","fact_key":"c444e4ae454024efff8e95107f8b805e05375172","cik":923601,"ticker":"RIME","company_name":"Algorhythm Holdings, Inc.","filed_at":"2025-08-27T23:59:59+00:00","payload":{"counterparty":"Streeterville Capital, LLC","effective_date":"2025-08-21","event":"incurrence","instrument_type":"other","interest_rate_text":"nine percent (9%) per annum","item_codes_triggered":["2.03"],"maturity_text":"three years","principal_text":"$4,390,000"},"claim":"Algorhythm Holdings, Inc. incurred debt of $4,390,000 with Streeterville Capital, LLC at nine percent (9%) per annum maturing three years.","evidence_excerpt":"The Securities Purchase Agreement provides for an initial Pre-Paid Purchase in the principal amount of $4,390,000, before deducting an original issue discount of $360,000 and transaction expenses of $30,000 (the \"Initial Pre-Paid Purchase\"), the terms of which are set forth on secured prepaid purchase #1 (\"Secured Pre-Paid Purchase #1\"). The Initial Pre-Paid Purchase accrues interest at the rate of nine percent (9%) per annum and has a maturity date of three years.","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001641172-25-025707","anchor_url":"https://secwatch.observer/filing/0001641172-25-025707#claim-c444e4ae454024efff8e95107f8b805e05375172","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/923601/000164117225025707/0001641172-25-025707-index.htm"},{"fact_type":"ma_transaction","fact_key":"4a46d3296a8bfec42b8a25a548913ee60ba1c8a7","cik":923601,"ticker":"RIME","company_name":"Algorhythm Holdings, Inc.","filed_at":"2025-08-07T23:59:59+00:00","payload":{"action":"disposition","closing_date":"2025-08-01","consideration_text":"for $500,000","counterparty":"The Singing Machine Company, Inc. and Stingray Music USA, Inc.","effective_date":"2025-08-01","item_codes_triggered":["2.01"]},"claim":"Algorhythm Holdings, Inc. completed a disposition involving The Singing Machine Company, Inc. and Stingray Music USA, Inc. for for $500,000 (closed 2025-08-01).","evidence_excerpt":"On August 1, 2025, Algorhythm Holdings, Inc. (the “Company”) entered into an asset purchase agreement (the “Agreement”) with The Singing Machine Company, Inc. and Stingray Music USA, Inc. 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