{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-24-049091","form_type":"8-K","ticker":"RIME","cik":"0000923601","company_name":"Algorhythm Holdings, Inc.","filed_at":"2024-12-06T23:59:59+00:00","discovered_at":"2026-05-14T18:03:11.407087+00:00","generated_at":"2026-05-29T06:56:15.646083+00:00","sec_items":["1.01","8.01","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Algorhythm Holdings closes $9.5M unit offering; repurchases shares from Stingray Group","bullets":["Offering of 55.9M shares/pre-funded warrants and Series A/B warrants at $0.17/unit raised ~$9.5M gross, ~$8.37M net.","Net proceeds to fund working capital and repay $2.35M in senior secured notes.","Repurchased 1,098,901 shares from Stingray Group for a promissory note at market price; shares to be cancelled.","Director Mathiew Peloquin is SVP at Stingray Group, making the repurchase a related-party transaction.","Series A warrants exercisable at $0.17 for 5 yrs; Series B at $0.34 for 2.5 yrs; exercise requires shareholder approval."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-24-049091","json":"https://secwatch.observer/filing/0001493152-24-049091.json","markdown":"https://secwatch.observer/filing/0001493152-24-049091.md","text":"https://secwatch.observer/filing/0001493152-24-049091.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/923601/000149315224049091/0001493152-24-049091-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/923601/000149315224049091/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-29T06:56:15.646083+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"}