secwatch.observer — SEC 8-K summary
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Issuer:     Algorhythm Holdings, Inc. (RIME)
CIK:        0000923601
Form:       8-K
Filed at:   2024-06-27T23:59:59+00:00
Accession:  0001493152-24-025467
Event type: other_material
Sentiment:  neutral
Materiality: 0.40
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Singing Machine enters ATM equity offering for up to $1.08M
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- Entered Sales Agreement with Ascendiant Capital Markets to sell up to $1,080,000 of common stock via ATM offering.
- Shares sold from time to time under Rule 415; proceeds used for general corporate purposes.
- Prospectus supplement filed June 27, 2024; shelf registration effective since January 2023.
- Agent uses commercially reasonable efforts; Company sets parameters including minimum price and volume limits.
- Either party may terminate the agreement on written notice; no minimum offering amount required.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/923601/000149315224025467/0001493152-24-025467-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/923601/000149315224025467/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-025467

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer