Extracted from this filing and checked against the source text.
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Algorhythm Holdings, Inc. entered into Purchase Agreement with two purchasers valued at approximately $2 million (effective 2023-11-20).
- Action
- entry
- Agreement
- equity purchase
- Counterparty
- two purchasers
- Value
- approximately $2 million
- Effective
- 2023-11-20
Exact text from the filing
On November 20, 2023, The Singing Machine Company, Inc. (the “Company”) entered into a stock purchase agreement (the “Purchase Agreement”) with two purchasers (the “Purchasers”) pursuant to which the Company sold an aggregate of 2,197,802 shares (the “Shares”) of its common stock at a price of $0.91 per share, representing a 3% premium to the closing price of the Company’s common stock on November 17, 2023 (the “Offering”).
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Algorhythm Holdings, Inc. terminated Credit Agreement with Fifth Third Bank, National Association valued at approximately $16,662.61 (effective 2023-11-17).
- Action
- termination
- Agreement
- credit facility
- Counterparty
- Fifth Third Bank, National Association
- Value
- approximately $16,662.61
- Effective
- 2023-11-17
Exact text from the filing
On November 17, 2023 (the “Termination Date”), the Company terminated the Credit and Security Agreement with Fifth Third Bank, National Association, dated October 14, 2022 (the “Credit Agreement”).
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