---
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"
generated_at: "2026-05-29T06:56:15.646083+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Algorhythm Holdings closes $9.5M unit offering; repurchases shares from Stingray Group

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 8.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-049091
- JSON: https://secwatch.observer/filing/0001493152-24-049091.json
- Plain text: https://secwatch.observer/filing/0001493152-24-049091.txt

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