---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-050633"
form_type: "8-K"
ticker: "RIME"
cik: "0000923601"
company_name: "Algorhythm Holdings, Inc."
filed_at: "2024-12-18T23:59:59+00:00"
generated_at: "2026-05-29T02:12:31.715989+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Algorhythm Holdings raises ~$2M via 24M-share registered direct offering at $0.0831/share

## Summary
- Sold 24,067,388 common shares at $0.0831 each in registered direct offering priced at-the-market.
- Gross proceeds of ~$2M; net proceeds of ~$1.6M after fees and expenses.
- Closng occurred December 18, 2024; proceeds intended for working capital and general corporate purposes.
- Univest Securities acted as sole placement agent; cash fee equal to 8% of gross proceeds.
- Offering made under existing effective shelf registration statement (File No. 333-269183).

## SEC filing metadata
- accession: 0001493152-24-050633
- form_type: 8-K
- ticker: RIME
- cik: 0000923601
- company_name: Algorhythm Holdings, Inc.
- filed_at: 2024-12-18T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- 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/923601/000149315224050633/0001493152-24-050633-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/923601/000149315224050633/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-050633
- JSON: https://secwatch.observer/filing/0001493152-24-050633.json
- Plain text: https://secwatch.observer/filing/0001493152-24-050633.txt

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