secwatch.observer — SEC 8-K summary
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Issuer:     Algorhythm Holdings, Inc. (RIME)
CIK:        0000923601
Form:       8-K
Filed at:   2025-01-06T23:59:59+00:00
Accession:  0001493152-25-000986
Event type: regulatory
Sentiment:  negative
Materiality: 0.80
Item codes: 3.01
LLM model:  deepseek-v4-flash:cloud@v2

Algorhythm Holdings receives Nasdaq delisting notice for low bid price
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- Nasdaq notified company on Dec 30, 2024 that bid price closed below $0.10 for 13 consecutive days.
- Company is subject to delisting under Nasdaq Listing Rule 5810(c)(3)(A)(iii).
- Previously failed to meet $1.00 minimum bid price rule; compliance deadline Feb 24, 2025.
- Company plans to request a hearing to stay delisting; stock continues trading as RIME.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/923601/000149315225000986/0001493152-25-000986-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/923601/000149315225000986/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-25-000986

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