Highest-materiality recent filing
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.
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”).
Max materiality 0.80 · Median 0.65 · Most common event debt