Highest-materiality recent filing
Algorhythm Holdings exchanges $3.5M of debt for Series A Preferred Stock with Streeterville Capital
Exchanged $3.5M portion of Secured Pre-Paid Purchase #4 for 3,500 shares of newly created Series A Preferred Stock.
Algorhythm defaults on $1.5M note payment; forbearance extended to July 16
Missed $1.5M initial payment due May 2, 2026 on $1.75M promissory note to SemiCab, Inc.
Algorhythm receives Nasdaq bid-price deficiency notice; 180-day cure period
Closing bid price below $1.00 for 30 consecutive business days ended June 15, 2026.
Algorhythm Holdings regains Nasdaq equity compliance with $3.168M stockholders' equity
Stockholders' equity increased to $3.168M as of March 31, 2026, above the $2.5M minimum.
Algorhythm Holdings misses $1.5M note payment, enters forbearance with SemiCab until June 16
Missed $1.5M initial payment due May 2, 2026 on $1.75M promissory note to SemiCab Inc.
Algorhythm Holdings defaults on $1.5M note payment; interest rate rises from 6% to 8%
Failed to make $1.5M initial payment due May 2, 2026 on a $1.75M promissory note to SemiCab Inc.
Algorhythm Holdings updates corporate presentation for investor meetings on May 5, 2026
On May 5, 2026, Algorhythm Holdings (RIME) furnished an updated corporate presentation as Exhibit 99.1 to its Form 8-K.
CEO Gary Atkinson entered amended employment agreement effective February 23, 2026, with three-year term and automatic renewals.
Algorhythm Holdings enters $10.355M secured prepaid purchase with Streeterville Capital
Principal amount $10.355M with $855K original issue discount; net proceeds $9.5M; $3.5M placed in restricted deposit account as collateral.
Algorhythm Holdings discloses share count as of Jan 21, 2026: 5,758,102 shares
As of January 21, 2026, Algorhythm Holdings had 5,758,102 common shares outstanding.
Secured Pre-Paid Purchase #3 with principal $1,090,000, including $90,000 original issue discount; net proceeds $1,000,000.
Algorhythm Holdings (RIME) receives Nasdaq deficiency notice for equity below $2.5M
Stockholders' equity as of Sept 30, 2025 was $100,000, far below Nasdaq's $2.5M minimum listing requirement.
Reverse stock split authorized at ratio between 1:2 and 1:10; board to set exact ratio within one year.
Algorhythm reports Q3 revenue up 1,273% YoY to $1.7M; net loss narrows to $1.9M
Revenue $1.7M vs $0.1M YoY; net loss from continuing ops $1.9M vs $2.1M.
Algorhythm Holdings dismisses Berkowitz, engages M&K CPAs as new auditor
Dismissed Berkowitz Pollack Brant as independent auditor effective October 6, 2025; engaged M&K CPAs PLLC for FY2025.
Algorhythm Holdings appoints Thorn and Gupta to board; Peloquin resigns; Melo out as CRO
Scott Thorn (Pres/COO InvitedHome) and Kapil Gupta (IBM exec) joined board on Oct 6; Thorn on audit/comp, Gupta on audit/nominating.
Algorhythm acquires 99.99% of SMCB; acquired entity has going concern doubts
SMCB reported net loss of $890K for FY ended March 2025, revenue $2.653M, gross loss $28K.
Algorhythm enters $20M prepaid purchase with Streeterville; director Kling resigns
Entered up to $20M prepaid purchase agreement with Streeterville; initial $4.39M at 9%, 3-yr maturity.
Algorhythm sells Singing Machine karaoke business to Stingray for $4.5M, eliminates $4M liabilities
Transaction closed Aug 1, 2025; consideration of $4.5M includes cash and assumption of ~$4M in liabilities, vastly de-levering balance sheet.
Algorhythm Holdings dismisses CBIZ CPAs, engages Berkowitz Pollack Brant as auditor
Dismissed CBIZ as independent auditor effective June 2, 2025; audit committee approved.
Algorhythm Holdings appoints Ajesh Kapoor to board of directors
Ajesh Kapoor appointed to board effective May 19, 2025; he is CEO of SemiCab Holdings, an AI logistics subsidiary.
SemiCab Holdings acquired 99.99% of SMCB Solutions (SemiCab India) for $1.75M promissory note and 119,742 shares (~5% of outstanding).
Algorhythm sees Q1 equity >$2.5M, expects Nasdaq compliance after warrant conversion
Stockholders' deficit was ~$10.5M at Dec 31, 2024 vs ~$2.7M equity at Sep 30, 2024.
Algorhythm Holdings replaces auditor Marcum with CBIZ; cited going concern, material weaknesses
Marcum LLP resigned as independent auditor effective April 25, 2025; CBIZ CPAs P.C. engaged for FY2025.
Algorhythm Holdings regains Nasdaq minimum bid price compliance
Received letter from Nasdaq on March 25, 2025 confirming compliance with $1.00 minimum bid price for continued listing.
Algorhythm Holdings files 8-K for investor presentation update; no details
Filing solely reports update of corporate presentation; exhibit content not included in filing text.
Algorhythm Holdings fires CFO Richard Perez, appoints Alex Andre as CFO and General Counsel
Richard Perez terminated as CFO effective Feb 13, 2025; no disagreement over operations or policies.
Algorhythm Holdings announces 1-for-200 reverse stock split effective Feb 10, 2025
As of Feb 6, 2025, shares outstanding total 476,359,875, including shares from Series B warrant exercises.
Algorhythm Holdings enacts 1-for-200 reverse stock split, boosts authorized shares to 800M
Reverse stock split at 1-for-200 ratio approved by Board on Jan 14, 2025; Certificate of Amendment filed with Delaware.
Algorhythm shareholders approve 8x authorized share increase and reverse split up to 1:250
All six director nominees elected; quorum of 63.5% represented (9,029,136 shares).
Algorhythm Holdings receives Nasdaq delisting notice for low bid price
Nasdaq notified company on Dec 30, 2024 that bid price closed below $0.10 for 13 consecutive days.
Algorhythm Holdings raises ~$2M via 24M-share registered direct offering at $0.0831/share
Sold 24,067,388 common shares at $0.0831 each in registered direct offering priced at-the-market.
Algorhythm Holdings closes $9.5M unit offering; repurchases shares from Stingray Group
Offering of 55.9M shares/pre-funded warrants and Series A/B warrants at $0.17/unit raised ~$9.5M gross, ~$8.37M net.
Algorhythm Holdings regains compliance with Nasdaq minimum stockholders' equity rule
On Nov 22, 2024, Nasdaq notified Algorhythm Holdings it has regained compliance with Listing Rule 5550(b)(1).
Algorhythm regains Nasdaq equity compliance after Q3 transactions
Sold 3,835,500 shares via ATM, net proceeds ~$2.98M through Nov 13, 2024.
Algorhythm Holdings repurchases 1,098,901 shares from director-affiliated entity via note
Repurchased 1,098,901 shares of common stock from Regalia Ventures LLC, wholly owned by director Jay Foreman.
Algorhythm raises $2.0M via 15% OID secured notes and 2.3M shares
Gross proceeds $2.0M from $2.35M principal of 90-day secured notes (15% OID) and 2.3M shares.
Algorhythm terminates Oxford loan (no balance), cuts quorum to 33 1/3%
Terminated Loan Agreement with Oxford Commercial Finance; no balance outstanding as of Oct 17, 2024.
Three directors resign from Algorhythm board, including Executive Chairman
Executive Chairman Milton 'Todd' Ault, James Turner, and Kenneth Cragun resigned from the Board effective September 5, 2024.
Singing Machine rebrands to Algorhythm Holdings; ticker changes to RIME
Name changed from The Singing Machine Company, Inc. to Algorhythm Holdings, Inc., effective September 5, 2024.
Singing Machine receives Nasdaq deficiency notices for bid price and equity
Closing bid price below $1.00 for 33 consecutive days; 180-day cure period ends Feb 24, 2025.
Singing Machine updates corporate investor presentation
Company furnished updated corporate presentation as Exhibit 99.1 on Form 8-K.
Singing Machine increases ATM offering capacity to $3.1M via second amendment
Second amendment to ATM Sales Agreement raises aggregate offering from $2.02M to $3.1M.
Director Henry Nisser resigns from Singing Machine board effective August 2, 2024
Henry Nisser resigned from the Board of Directors of The Singing Machine Company, Inc., effective August 2, 2024.
Singing Machine increases ATM offering to $2,020,000 under amended sales agreement
Company entered into First Amendment to At-The-Market Issuance Sales Agreement with Ascendiant Capital Markets, LLC on July 8, 2024.
Singing Machine closes acquisition of AI logistics firm SemiCab; issues 641,806 shares
Completed acquisition of SemiCab, AI logistics platform, structured as asset purchase; issued 641,806 shares (approx 10% of outstanding) and assumed ~$2.6M liabilities.
Singing Machine enters ATM equity offering for up to $1.08M
Entered Sales Agreement with Ascendiant Capital Markets to sell up to $1,080,000 of common stock via ATM offering.
Singing Machine acquires SemiCab, Inc. for shares and LLC interest
Consideration: 962,710 MICS shares and 20% membership interest in SemiCab LLC.
Singing Machine board opts for triennial say-on-pay vote after shareholder support
Majority of shares cast at Dec 2023 annual meeting favored conducting say-on-pay every three years.
Singing Machine closes $2M senior credit facility with Oxford Commercial Finance
Revolving line of credit of $2 million; interest at Prime + 2.5% with a 10% floor.
On May 19, 2025, Ajesh Kapoor was appointed to serve as a member of the board of directors (the “Board”) of Algorhythm Holdings, Inc. (the “Company”).
Effective February 13, 2025, Richard Perez was terminated as Chief Financial Officer of Algorhythm Holdings, Inc.
On February 13, 2025, the Board of Directors (the “Board”) of the Company appointed Alex Andre (age 50) as Chief Financial Officer and General Counsel of the Company.
On September 5, 2024, Milton C. Ault, III, James M. Turner, and Kenneth S. Cragun, each notified the board of directors (the "Board") of Algorhythm Holdings, Inc. (the "Company") of his decision to resign from the Board, effective immediately.
On September 5, 2024, Milton C. Ault, III, James M. Turner, and Kenneth S. Cragun, each notified the board of directors (the "Board") of Algorhythm Holdings, Inc. (the "Company") of his decision to resign from the Board, effective immediately.
On September 5, 2024, Milton C. Ault, III, James M. Turner, and Kenneth S. Cragun, each notified the board of directors (the "Board") of Algorhythm Holdings, Inc. (the "Company") of his decision to resign from the Board, effective immediately.
On August 2, 2024, Henry Nisser provided notice of his decision to resign from the Board of Directors of The Singing Machine Company, Inc. (the “Company”), effective immediately.
The Board of Directors (the “Board”) of the Company approved, effective as of January 3, 2024, the appointment of Richard Perez, the current Corporate Controller, as Chief Financial Officer of the Company.
Effective December 31, 2023, Lionel Marquis retired as Chief Financial Officer of The Singing Machine Company, Inc. (the “Company”) .
Effective April 5, 2023, the Board of Directors (the “Board”) of The Singing Machine Company, Inc. (the “Company”) increased the number of members of the Board to ten and appointed Messrs. Milton C. Ault, III and Henry C. W. Nisser as directors, effective immediately.
In addition, the Board appointed Mr. Ault to the position of Executive Chairman, an executive officer position of the Company.
Effective July 27, 2022, the Board of Directors (the “Board”) of The Singing Machine Company, Inc. (the “Company”) increased the number of directors to eight and appointed Messrs. Bernardo Melo, James Turner and Kenneth Cragun as directors, effective immediately.
Max materiality 0.85 · Median 0.62 · Most common event other_material