{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-26-029603","form_type":"8-K","ticker":"RIME","cik":"0000923601","company_name":"Algorhythm Holdings, Inc.","filed_at":"2026-06-22T20:40:41+00:00","discovered_at":"2026-06-22T20:42:02.293183+00:00","generated_at":"2026-06-22T20:42:13.967296+00:00","sec_items":["1.01","9.01"],"event_type":"debt","sentiment":"negative","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Algorhythm defaults on $1.5M note payment; forbearance extended to July 16","bullets":["Missed $1.5M initial payment due May 2, 2026 on $1.75M promissory note to SemiCab, Inc.","Second forbearance agreement dated June 16, 2026 waives default until July 16, 2026.","Note issued May 2, 2025; remaining $250K due November 2, 2026.","First forbearance on May 9, 2026 waived default through June 16, 2026."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-26-029603","json":"https://secwatch.observer/filing/0001493152-26-029603.json","markdown":"https://secwatch.observer/filing/0001493152-26-029603.md","text":"https://secwatch.observer/filing/0001493152-26-029603.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/923601/000149315226029603/0001493152-26-029603-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/923601/000149315226029603/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-22T20:42:13.967296+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":"1a172721223f15053ec849f22062bcbfca7d6b7d","claim":"Algorhythm Holdings, Inc. entered into Promissory Note with SemiCab, Inc. valued at $1,750,000 (effective 2025-05-02).","evidence_excerpt":"On May 2, 2025, Algorhythm Holdings, Inc. (the “Company”) issued a promissory note in the principal amount of $1,750,000 (the “Promissory Note”) to SemiCab, Inc., a Delaware corporation (the “Seller”), pursuant to an equity purchase agreement (the “Equity Purchase Agreement”) among the Company and its subsidiary, SemiCab Holdings, LLC, a Nevada limited liability company (“SemiCab Holdings”), and the Seller.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/923601/000149315226029603/0001493152-26-029603-index.htm","confidence":0.95,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"notes offering"},{"label":"Counterparty","value":"SemiCab, Inc."},{"label":"Value","value":"$1,750,000"},{"label":"Effective","value":"2025-05-02"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}