{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-25-029389","form_type":"8-K","ticker":"RIME","cik":"0000923601","company_name":"Algorhythm Holdings, Inc.","filed_at":"2025-12-29T23:59:59+00:00","discovered_at":"2026-05-14T18:02:42.632902+00:00","generated_at":"2026-05-16T12:12:57.256351+00:00","sec_items":["1.01","2.03","3.02","9.01"],"event_type":"debt","sentiment":"negative","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Algorhythm Holdings secures $1.09M debt from Streeterville Capital with 9% interest and equity conversion at 90% of VWAP","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-25-029389","json":"https://secwatch.observer/filing/0001493152-25-029389.json","markdown":"https://secwatch.observer/filing/0001493152-25-029389.md","text":"https://secwatch.observer/filing/0001493152-25-029389.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/923601/000149315225029389/0001493152-25-029389-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/923601/000149315225029389/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T12:12:57.256351+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"3faa4f2f2b5fd1f6870cff5d0479bc4e6794ec58","claim":"Algorhythm Holdings, Inc. incurred debt of $1,090,000 with Streeterville Capital, LLC at nine percent (9%) per annum maturing three years.","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/923601/000149315225029389/0001493152-25-029389-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Principal","value":"$1,090,000"},{"label":"Counterparty","value":"Streeterville Capital, LLC"},{"label":"Rate","value":"nine percent (9%) per annum"},{"label":"Maturity","value":"three years"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"a715da6bce42c9a5071b022131515f80a0f04da0","claim":"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.","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 3.02/3.03","evidence_url":"https://www.sec.gov/Archives/edgar/data/923601/000149315225029389/0001493152-25-029389-index.htm","confidence":0.9,"family_label":"Equity Issuances","details":[{"label":"Security","value":"common stock"},{"label":"Purchaser","value":"Streeterville Capital, LLC"},{"label":"Consideration","value":"principal amount of $1,090,000, before deducting an original issue discount of $90,000"}],"fact_type":"equity_issuance"},{"claim_id":"79f94c335c537fc2965d1dde5b05efb851e45924","claim":"Algorhythm Holdings, Inc. entered into Secured Pre-Paid Purchase #3 with Streeterville Capital, LLC valued at $1,090,000 (effective 2025-12-19).","evidence_excerpt":"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”)","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/923601/000149315225029389/0001493152-25-029389-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Counterparty","value":"Streeterville Capital, LLC"},{"label":"Value","value":"$1,090,000"},{"label":"Effective","value":"2025-12-19"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}