{"schema_version":"secwatch.filing_event.v1","accession":"0001641172-25-009278","form_type":"8-K","ticker":"RIME","cik":"0000923601","company_name":"Algorhythm Holdings, Inc.","filed_at":"2025-05-08T23:59:59+00:00","discovered_at":"2026-05-14T18:02:51.839339+00:00","generated_at":"2026-05-22T06:30:31.678254+00:00","sec_items":["1.01","2.01","2.03","3.02","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Algorhythm acquires SemiCab India for $1.75M note + 119,742 shares; unit revenue run rate doubled to $4.5M","bullets":["SemiCab Holdings acquired 99.99% of SMCB Solutions (SemiCab India) for $1.75M promissory note and 119,742 shares (~5% of outstanding).","SemiCab India more than doubled annualized revenue run rate to ~$4.5M since Jan 2025; expects to double again by year-end.","Ajesh Kapoor named CEO/CTO of SemiCab Holdings with board seat; Vivek Sehgal named CPO.","Promissory note: $1.5M due in 1 year, $250k due in 18 months, 6% interest.","Expands AI transportation footprint into India's $1.3T logistics sector; partnership with NDFE."],"urls":{"canonical":"https://secwatch.observer/filing/0001641172-25-009278","json":"https://secwatch.observer/filing/0001641172-25-009278.json","markdown":"https://secwatch.observer/filing/0001641172-25-009278.md","text":"https://secwatch.observer/filing/0001641172-25-009278.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/923601/000164117225009278/0001641172-25-009278-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/923601/000164117225009278/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-22T06:30:31.678254+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":"9bcd88bca999920b6b9239381c32afa63f49f6c4","claim":"Algorhythm Holdings, Inc. incurred loan of $1,500,000 is due and payable by the Company on the first anniversary of the Closing Date and the remaining $250,000 with SemiCab, Inc. at six percent per annum maturing first anniversary of the Closing Date; 18-month anniversary of the Closing Date.","evidence_excerpt":"and Restated Operating Agreement”) which sets forth the terms and conditions governing the operation and management of SemiCab Holdings. The Promissory Note provides that $1,500,000 is due and payable by the Company on the first anniversary of the Closing Date and the remaining $250,000 is due and payable by the Company on the 18-month anniversary of the","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/923601/000164117225009278/0001641172-25-009278-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"loan"},{"label":"Principal","value":"$1,500,000 is due and payable by the Company on the first anniversary of the Closing Date and the remaining $250,000"},{"label":"Counterparty","value":"SemiCab, Inc."},{"label":"Rate","value":"six percent per annum"},{"label":"Maturity","value":"first anniversary of the Closing Date; 18-month anniversary of the Closing Date"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"afcc3e09c1896b397bd0d7662d4687dfcd1823e9","claim":"Algorhythm Holdings, Inc. completed an acquisition involving SemiCab Inc. for $1.75 million promissory note and 119,742 shares of its common stock (closed 2025-05-02).","evidence_excerpt":"SemiCab Holdings purchased 9,999 shares of the issued and outstanding equity shares, Rs. 10 par value, of SMCB Solutions Private Limited, an Indian company (\"SMCB\"), representing 99.99% of the issued and outstanding equity shares of SMCB, for $1,750,000, the payment of which amount was evidenced by the issuance of a promissory note by the Company to the Seller","evidence_source":"SEC 8-K Item 2.01/5.01","evidence_url":"https://www.sec.gov/Archives/edgar/data/923601/000164117225009278/0001641172-25-009278-index.htm","confidence":0.9,"family_label":"M&A Transactions","details":[{"label":"Action","value":"acquisition"},{"label":"Counterparty","value":"SemiCab Inc."},{"label":"Consideration","value":"$1.75 million promissory note and 119,742 shares of its common stock"},{"label":"Closing","value":"2025-05-02"}],"fact_type":"ma_transaction"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}