---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-044039"
form_type: "8-K"
ticker: "RIME"
cik: "0000923601"
company_name: "Algorhythm Holdings, Inc."
filed_at: "2024-11-07T23:59:59+00:00"
generated_at: "2026-05-30T04:13:05.302542+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Algorhythm Holdings repurchases 1,098,901 shares from director-affiliated entity via note

## Summary
- Repurchased 1,098,901 shares of common stock from Regalia Ventures LLC, wholly owned by director Jay Foreman.
- Purchase price equals higher of prior day's closing price or highest 10-day VWAP; paid via promissory note.
- Shares originally issued to Regalia Ventures on Nov 21, 2023 under a stock purchase agreement.
- Repurchased shares will be cancelled and retired; board unanimously approved the transaction.
- Consideration is a promissory note with principal equal to the formula-based price; terms not yet specified.

## SEC filing metadata
- accession: 0001493152-24-044039
- form_type: 8-K
- ticker: RIME
- cik: 0000923601
- company_name: Algorhythm Holdings, Inc.
- filed_at: 2024-11-07T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/923601/000149315224044039/0001493152-24-044039-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/923601/000149315224044039/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-044039
- JSON: https://secwatch.observer/filing/0001493152-24-044039.json
- Plain text: https://secwatch.observer/filing/0001493152-24-044039.txt

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