other material
confidence high
sentiment neutral
materiality 0.65
RIME shareholders approve reverse stock split, reincorporation to Nevada, equity plan expansion, and pre-paid financing
Algorhythm Holdings, Inc.
- Reverse stock split authorized at ratio between 1:2 and 1:10; board to set exact ratio within one year.
- Reincorporation from Delaware to Nevada approved.
- 2022 equity incentive plan amendment increases authorized shares to 5,000,000.
- Pre-paid financing with Streeterville Capital, LLC approved; issuance may exceed 20% of outstanding shares.
- M&K CPAs ratified as independent auditor for fiscal year 2025.