secwatch.observer — SEC 8-K summary
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Issuer:     Algorhythm Holdings, Inc. (RIME)
CIK:        0000923601
Form:       8-K
Filed at:   2024-10-21T23:59:59+00:00
Accession:  0001493152-24-041797
Event type: other
Sentiment:  neutral
Materiality: 0.30
Item codes: 1.02, 3.03, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Algorhythm terminates Oxford loan (no balance), cuts quorum to 33 1/3%
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- Terminated Loan Agreement with Oxford Commercial Finance; no balance outstanding as of Oct 17, 2024.
- Early termination fee of $40,000 required.
- Amended bylaws to reduce stockholder meeting quorum from majority to 33 1/3%.
- Bylaw amendment approved by Board on Oct 18, 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/923601/000149315224041797/0001493152-24-041797-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/923601/000149315224041797/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-041797

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