secwatch.observer — SEC 8-K summary
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Issuer:     Algorhythm Holdings, Inc. (RIME)
CIK:        0000923601
Form:       8-K
Filed at:   2024-12-18T23:59:59+00:00
Accession:  0001493152-24-050633
Event type: other_material
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/923601/000149315224050633/0001493152-24-050633-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/923601/000149315224050633/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-050633

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer