---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-034617"
form_type: "8-K"
ticker: "RIME"
cik: "0000923601"
company_name: "Algorhythm Holdings, Inc."
filed_at: "2024-08-30T23:59:59+00:00"
generated_at: "2026-05-31T06:55:21.801606+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Singing Machine receives Nasdaq deficiency notices for bid price and equity

## Summary
- Closing bid price below $1.00 for 33 consecutive days; 180-day cure period ends Feb 24, 2025.
- Stockholders' equity of ($872,999) as of June 30, 2024 fails $2.5M minimum; plan due Oct 10, 2024.
- No immediate delisting; if not cured, Nasdaq may grant additional 180-day period or delist.
- Company considering options including reverse stock split to regain compliance.

## SEC filing metadata
- accession: 0001493152-24-034617
- form_type: 8-K
- ticker: RIME
- cik: 0000923601
- company_name: Algorhythm Holdings, Inc.
- filed_at: 2024-08-30T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 3.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/923601/000149315224034617/0001493152-24-034617-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/923601/000149315224034617/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-034617
- JSON: https://secwatch.observer/filing/0001493152-24-034617.json
- Plain text: https://secwatch.observer/filing/0001493152-24-034617.txt

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