{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-23-031486","form_type":"8-K","ticker":"RIME","cik":"0000923601","company_name":"Algorhythm Holdings, Inc.","filed_at":"2023-09-01T23:59:59+00:00","discovered_at":"2026-05-14T18:03:37.047277+00:00","generated_at":"2026-06-11T00:52:50.330065+00:00","sec_items":["1.01","9.01"],"event_type":"debt","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Singing Machine receives waiver for loan default but credit line cut from $5M to $2M","bullets":["Lender waived Event of Default from failing to deliver June 2023 financial statements on time.","Borrowing base and maximum revolving loan limit reduced from $5M to $2M.","New liquidity covenant: cash + availability must be at least $2.5M at each month-end starting July 31, 2023.","Termination fee (Section 4.05(e)) and Section 12.04 deleted from Credit Agreement."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-23-031486","json":"https://secwatch.observer/filing/0001493152-23-031486.json","markdown":"https://secwatch.observer/filing/0001493152-23-031486.md","text":"https://secwatch.observer/filing/0001493152-23-031486.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/923601/000149315223031486/0001493152-23-031486-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/923601/000149315223031486/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-11T00:52:50.330065+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"c2bbdfd946a41b47c8ee573788cf435cd3e81265","claim":"Algorhythm Holdings, Inc. amended Revolving Loan Amendment with Fifth Third Bank, National Association (effective 2023-08-30).","evidence_excerpt":"On August 30, 2023, The Singing Machine Company, Inc. and its wholly owned subsidiary, SMC Logistics, Inc., entered into a Waiver and Second Amendment (the “Revolving Loan Amendment”) to that certain Credit and Security Agreement (the “Credit Agreement”) with Fifth Third Bank, National Association, dated as of October 14, 2022.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/923601/000149315223031486/0001493152-23-031486-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Fifth Third Bank, National Association"},{"label":"Effective","value":"2023-08-30"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}