secwatch.observer — SEC 8-K summary
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Issuer:     Algorhythm Holdings, Inc. (RIME)
CIK:        0000923601
Form:       8-K
Filed at:   2024-03-01T23:59:59+00:00
Accession:  0001493152-24-008512
Event type: regulatory
Sentiment:  negative
Materiality: 0.70
Item codes: 3.01
LLM model:  deepseek-v4-flash:cloud@v2

Singing Machine receives Nasdaq delisting notice for bid price below $1.00
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/923601/000149315224008512/0001493152-24-008512-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/923601/000149315224008512/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-008512

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