Algorhythm Holdings, Inc. (RIME): Nasdaq/NYSE listing notice — Singing Machine receives Nasdaq delisting notice for bid price below $1.00

Algorhythm Holdings, Inc.

Closing bid price below $1.00 for 30 consecutive trading days; 180-day cure period until August 26, 2024.
To regain compliance, stock must close at $1.00+ for 10 consecutive business days before deadline.
If not cured, company may request additional 180 days if it meets other listing standards.
Company intends to monitor bid price and consider available options, including reverse stock split.

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.99

Algorhythm Holdings, Inc. received a nasdaq deficiency notice notice regarding minimum bid price (rules 5550(a)(2), 5810(c)(3)(A)).

Exchange: nasdaq
Notice: deficiency notice
Deficiency: minimum bid price
Rules: 5550(a)(2), 5810(c)(3)(A)

Exact text from the filing

or continued listing on The Nasdaq Capital Market under Nasdaq Marketplace Rule 5550(a)(2), requiring a minimum bid price of $1.00 per share (the “Minimum Bid Price Requirement”).

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Algorhythm Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001493152-24-008512

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