---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-023543"
form_type: "8-K"
ticker: "RIME"
cik: "0000923601"
company_name: "Algorhythm Holdings, Inc."
filed_at: "2024-06-12T23:59:59+00:00"
generated_at: "2026-06-01T04:57:53.971119+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Singing Machine acquires SemiCab, Inc. for shares and LLC interest

## Summary
- Consideration: 962,710 MICS shares and 20% membership interest in SemiCab LLC.
- Closing requires MICS raise ≥$1.7M and appoint two seller board designees.
- Employment agreements for Ajesh Kapoor (President/CTO) and Vivek Sehgal (CPO) with escalating salaries.
- SemiCab provides AI-based digital freight optimization; 5 employees; top 5 customers → 99% of 2023 sales.
- MICS to make $1M initial capital contribution for 80% ownership in SemiCab LLC.

## SEC filing metadata
- accession: 0001493152-24-023543
- form_type: 8-K
- ticker: RIME
- cik: 0000923601
- company_name: Algorhythm Holdings, Inc.
- filed_at: 2024-06-12T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/923601/000149315224023543/0001493152-24-023543-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/923601/000149315224023543/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-023543
- JSON: https://secwatch.observer/filing/0001493152-24-023543.json
- Plain text: https://secwatch.observer/filing/0001493152-24-023543.txt

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