{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-24-042405","form_type":"8-K","ticker":"RIME","cik":"0000923601","company_name":"Algorhythm Holdings, Inc.","filed_at":"2024-10-24T23:59:59+00:00","discovered_at":"2026-05-14T18:03:11.406274+00:00","generated_at":"2026-05-30T10:52:26.306202+00:00","sec_items":["1.01","2.03","3.02","9.01"],"event_type":"debt","sentiment":"negative","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Algorhythm raises $2.0M via 15% OID secured notes and 2.3M shares","bullets":["Gross proceeds $2.0M from $2.35M principal of 90-day secured notes (15% OID) and 2.3M shares.","Notes accrue 14% interest only upon default; secured by company assets and guaranteed by subsidiaries.","Net proceeds will be used for working capital and general corporate purposes.","Issued 2.3M shares, representing ~19% dilution vs. pre-offering 11.9M shares outstanding.","Univest Securities acted as placement agent, receiving 7% of gross proceeds plus legal fee reimbursement."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-24-042405","json":"https://secwatch.observer/filing/0001493152-24-042405.json","markdown":"https://secwatch.observer/filing/0001493152-24-042405.md","text":"https://secwatch.observer/filing/0001493152-24-042405.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/923601/000149315224042405/0001493152-24-042405-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/923601/000149315224042405/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-30T10:52:26.306202+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}