---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-22-015375"
form_type: "8-K"
ticker: "RIME"
cik: "0000923601"
company_name: "Algorhythm Holdings, Inc."
filed_at: "2022-05-27T23:59:59+00:00"
generated_at: "2026-06-25T06:35:08.693713+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Singing Machine raises $4M in public offering, uplists to Nasdaq Capital Market, appoints Jay Foreman to board

## Summary
- Public offering of 1,000,000 shares at $4.00/share; gross proceeds of $4.0M; closed May 26, 2022.
- Common stock uplisted to Nasdaq Capital Market under ticker MICS effective May 24, 2022; 1-for-30 reverse stock split.
- Underwriter Aegis Capital Corp. received warrants to purchase 100,000 shares at $5.00/share, 5-year term.
- Jay B. Foreman, founder/CEO of Basic Fun!, appointed to Board effective May 23, 2022 and invested in offering.
- Exercise price of certain warrants from August 2021 adjusted to $2.80 per share upon uplisting.

## SEC filing metadata
- accession: 0001493152-22-015375
- form_type: 8-K
- ticker: RIME
- cik: 0000923601
- company_name: Algorhythm Holdings, Inc.
- filed_at: 2022-05-27T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 5.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/923601/000149315222015375/0001493152-22-015375-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/923601/000149315222015375/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-22-015375
- JSON: https://secwatch.observer/filing/0001493152-22-015375.json
- Plain text: https://secwatch.observer/filing/0001493152-22-015375.txt

## Key facts
- Executive change
  Jay B. Foreman was appointed as Director at Algorhythm Holdings, Inc..
  - Action: appointed
  - Role: Director
  source text: Effective May 23, 2022, Jay B. Foreman was appointed to serve as a Director of the Company.
  evidence_url: https://www.sec.gov/Archives/edgar/data/923601/000149315222015375/0001493152-22-015375-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.