other material
confidence high
sentiment neutral
materiality 0.50
Algorhythm Holdings terminates settlement agreement with Continuation Capital; no further share issuance
Algorhythm Holdings, Inc.
- Terminated July 21, 2026 settlement agreement with Continuation Capital, Inc. on Sept 21, 2026.
- No further obligation to issue up to 5,000,000 shares of common stock under the agreement.
- Original claim amount $1,928,014; remaining balance ~$1,418,649 due on outstanding liabilities.
- Agreement had required share issuance until CCI generated proceeds equal to 120% of claim.