---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-25-016908"
form_type: "8-K/A"
ticker: "RIME"
cik: "0000923601"
company_name: "Algorhythm Holdings, Inc."
filed_at: "2025-10-03T23:59:59+00:00"
generated_at: "2026-05-17T04:52:58.342446+00:00"
event_type: "m_and_a"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Algorhythm acquires 99.99% of SMCB; acquired entity has going concern doubts

## Summary
- SMCB reported net loss of $890K for FY ended March 2025, revenue $2.653M, gross loss $28K.
- Audited statement reveals accumulated deficit of $1.445M, working capital deficit of $1.351M.
- Independent auditor notes substantial doubt about SMCB's ability to continue as a going concern.
- SMCB has $1.64M related party note payable; total liabilities $2.626M exceed assets $1.195M.
- Acquisition closed May 2, 2025; SemiCab Holdings (80% owned by Algorhythm) now holds 99.99%.

## SEC filing metadata
- accession: 0001493152-25-016908
- form_type: 8-K/A
- ticker: RIME
- cik: 0000923601
- company_name: Algorhythm Holdings, Inc.
- filed_at: 2025-10-03T23:59:59+00:00
- event_type: m_and_a
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/923601/000149315225016908/0001493152-25-016908-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/923601/000149315225016908/form8-ka.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-25-016908
- JSON: https://secwatch.observer/filing/0001493152-25-016908.json
- Plain text: https://secwatch.observer/filing/0001493152-25-016908.txt

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