---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-26-031919"
form_type: "8-K"
ticker: "RIME"
cik: "0000923601"
company_name: "Algorhythm Holdings, Inc."
filed_at: "2026-07-02T20:30:32+00:00"
generated_at: "2026-07-02T20:33:48.323154+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Algorhythm Holdings exchanges $3.5M of debt for Series A Preferred Stock with Streeterville Capital

## Summary
- Exchanged $3.5M portion of Secured Pre-Paid Purchase #4 for 3,500 shares of newly created Series A Preferred Stock.
- Series A Preferred Stock has $1,150 stated value per share, accrues 9% annual preferred return, and ranks senior to common stock.
- Outstanding balance of PPP #4 reduced to $7,202,371.69 after cancellation of the partitioned amount.
- Preferred stock is non-convertible, has no voting rights except limited, and is redeemable at 110% of liquidation amount at board's discretion.
- Issuance exempt under Section 3(a)(9); no cash proceeds received.

## SEC filing metadata
- accession: 0001493152-26-031919
- form_type: 8-K
- ticker: RIME
- cik: 0000923601
- company_name: Algorhythm Holdings, Inc.
- filed_at: 2026-07-02T20:30:32+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 3.02, 3.03, 5.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/923601/000149315226031919/0001493152-26-031919-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/923601/000149315226031919/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-26-031919
- JSON: https://secwatch.observer/filing/0001493152-26-031919.json
- Plain text: https://secwatch.observer/filing/0001493152-26-031919.txt

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