Algorhythm Holdings, Inc. (RIME): debt financing — Algorhythm Holdings secures $1.09M debt from Streeterville Capital with 9% interest and equity conversion at 90% of VWAP

Algorhythm Holdings, Inc.

Secured Pre-Paid Purchase #3 with principal $1,090,000, including $90,000 original issue discount; net proceeds $1,000,000.
Interest 9% per annum; maturity 3 years from December 19, 2025; prepayment allowed at 110% of outstanding balance.
Streeterville can convert principal into common shares at 90% of lowest 10-day VWAP, subject to 9.99% ownership cap.
Placement agent Univest Securities received 8% cash fee on gross proceeds; offering exempt under Section 4(a)(2).
Debt is secured by guarantees, pledges, security agreements, and IP security agreement from prior August 2025 purchase agreement.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Algorhythm Holdings, Inc. incurred debt of $1,090,000 with Streeterville Capital, LLC at nine percent (9%) per annum maturing three years.

Principal: $1,090,000
Counterparty: Streeterville Capital, LLC
Rate: nine percent (9%) per annum
Maturity: three years
Event: incurrence

Exact text from the filing

Secured Pre-Paid Purchase #3 provides for a third Pre-Paid Purchase in the principal amount of $1,090,000, before deducting an original issue discount of $90,000 (the "Third Pre-Paid Purchase"). The Third Pre-Paid Purchase accrues interest at the rate of nine percent (9%) per annum and has a maturity date of three years.

View on SEC.gov

Equity Issuances SEC 8-K Item 3.02/3.03 confidence 0.9

Algorhythm Holdings, Inc. issued common stock to Streeterville Capital, LLC for principal amount of $1,090,000, before deducting an original issue discount of $90,000.

Security: common stock
Purchaser: Streeterville Capital, LLC
Consideration: principal amount of $1,090,000, before deducting an original issue discount of $90,000

Exact text from the filing

the Company agreed to issue and sell shares of its common stock to Streeterville in one or more pre-paid purchases (each, a “Pre-Paid Purchase” and collectively, the “Pre-Paid Purchases”) for an aggregate purchase price of up to $20,000,000. Secured Pre-Paid Purchase #3 provides for a third Pre-Paid Purchase in the principal amount of $1,090,000, before deducting an original issue discount of $90,000

View on SEC.gov

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Algorhythm Holdings, Inc. entered into Secured Pre-Paid Purchase #3 with Streeterville Capital, LLC valued at $1,090,000 (effective 2025-12-19).

Action: entry
Counterparty: Streeterville Capital, LLC
Value: $1,090,000
Effective: 2025-12-19

Exact text from the filing

On December 19, 2025, Algorhythm Holdings, Inc. (the “Company”) entered into Secured Pre-Paid Purchase #3 with Streeterville Capital, LLC, a Utah limited liability company (“Streeterville”)

View on SEC.gov

89 debt financings filed in the last 30 days. Browse all debt financings →

Algorhythm Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001493152-25-029389

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.