{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-24-026286","form_type":"8-K","ticker":"RIME","cik":"0000923601","company_name":"Algorhythm Holdings, Inc.","filed_at":"2024-07-05T23:59:59+00:00","discovered_at":"2026-05-14T18:03:16.383212+00:00","generated_at":"2026-05-31T23:25:44.135965+00:00","sec_items":["1.01","2.01","3.02","7.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Singing Machine closes acquisition of AI logistics firm SemiCab; issues 641,806 shares","bullets":["Completed acquisition of SemiCab, AI logistics platform, structured as asset purchase; issued 641,806 shares (approx 10% of outstanding) and assumed ~$2.6M liabilities.","Also granted 20% membership interest in new subsidiary SemiCab Holdings LLC; option to buy SMCB Solutions for 320,903 additional shares.","SemiCab claims technology improves freight utilization from 65% to 90%, enabling >10% cost savings for shippers.","SemiCab selected by India's National Digital Freight Exchange (NDFE); SMCB subsidiary generated ~$1.4M in LTM sales."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-24-026286","json":"https://secwatch.observer/filing/0001493152-24-026286.json","markdown":"https://secwatch.observer/filing/0001493152-24-026286.md","text":"https://secwatch.observer/filing/0001493152-24-026286.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/923601/000149315224026286/0001493152-24-026286-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/923601/000149315224026286/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-31T23:25:44.135965+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"a64957918e11aa150c221100bb38057b2b88d8c4","claim":"Algorhythm Holdings, Inc. completed an acquisition involving SemiCab, Inc. for 641,806 shares of its common stock, par value $0.01 (closed 2024-07-03).","evidence_excerpt":"he “Buyer”), SemiCab, Inc., a Delaware corporation (“SemiCab” or the “Seller”), Ajesh Kapoor and","evidence_source":"SEC 8-K Item 2.01/5.01","evidence_url":"https://www.sec.gov/Archives/edgar/data/923601/000149315224026286/0001493152-24-026286-index.htm","confidence":0.9,"family_label":"M&A Transactions","details":[{"label":"Action","value":"acquisition"},{"label":"Counterparty","value":"SemiCab, Inc."},{"label":"Consideration","value":"641,806 shares of its common stock, par value $0.01"},{"label":"Closing","value":"2024-07-03"}],"fact_type":"ma_transaction"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}