Business Context and Reporting Period
Company: Algorhythm Holdings, Inc. (Ticker: RIME)
Filing Type: Form 8-K (Current Report)
Date of Report: November 28, 2025
Reporting Period: The filing addresses a deficiency identified in the Quarterly Report on Form 10-Q for the period ended September 30, 2025.
Key Financial Metrics
The filing does not provide revenue, profit, cash flow, or margin data. The only specific financial metric disclosed is:
- Stockholders' Equity (as of Sept 30, 2025): $100,000
- Nasdaq Minimum Requirement: $2,500,000
Material Changes and Listing Status
On November 28, 2025, the Company received a notice from the Nasdaq Stock Market Staff indicating a failure to satisfy the continued listing requirement under Nasdaq Listing Rule 5550(b)(1) due to insufficient stockholders' equity. The reported equity of $100,000 is significantly below the required $2,500,000 minimum. The notice states there is no immediate impact on the listing of the Company's common stock.
Outlook, Management Commentary, and Risks
Compliance Plan: The Company has 45 calendar days (until January 12, 2026) to submit a plan to regain compliance. Management intends to submit this plan timely.
Extension Possibility: If the plan is accepted, the Staff may grant an extension of up to 180 calendar days to achieve compliance.
Risks and Contingencies:
- There is no assurance the Staff will accept the compliance plan.
- There is no assurance the Company will regain compliance within any granted extension period.
- If the plan is rejected, the Company may appeal to a hearings panel, which would stay any delisting action.
Investor Verification Checklist
- Verify the Company's submission of a compliance plan to Nasdaq by January 12, 2026.
- Monitor the Nasdaq Staff's decision on the acceptance of the compliance plan.
- Review the Form 10-Q for the period ended September 30, 2025, for full financial context regarding the $100,000 equity balance.
- Watch for any subsequent 8-K filings regarding the outcome of the compliance plan or potential delisting proceedings.