RIME

#4960
Algorhythm Holdings, Inc. - Common Stock
0.2 6 USD
-0.07%
Market Price
Settore: Tecnologia
Base: USD
Valuta di Profitto: USD
Intervallo Giornaliero
0.26
0.26
Intervallo Annuale
0.22
4.58
Variazione giornaliera
-7.14%
Variazione Mensile
-39.53%
Variazione di 6 mesi
-84.05%
Variazione Annuale
-87.85%
Chiusura Precedente
0.2 8
Open
0.2 6
Minimo
0.2 6
Massimo
0.2 6
Volume
4
Apri il grafico completo

Financials

Panoramica Estratto Conto Statistiche Documents

2026

Current report, Q3 FY2026
Algorhythm Holdings, Inc. current report, Q3 FY2026
8-K
Quarterly report, Q2 FY2026
Algorhythm Holdings, Inc. quarterly report, Q2 FY2026
10-Q
Current report, Q2 FY2026
Algorhythm Holdings, Inc. current report, Q2 FY2026
8-K
Current report, Q2 FY2026
Algorhythm Holdings, Inc. current report, Q2 FY2026
8-K
Current report, Q2 FY2026
Algorhythm Holdings, Inc. current report, Q2 FY2026
8-K
Current report, Q2 FY2026
Algorhythm Holdings, Inc. current report, Q2 FY2026
8-K
Current report, Q2 FY2026
Algorhythm Holdings, Inc. current report, Q2 FY2026
8-K
Current report, Q2 FY2026
Algorhythm Holdings, Inc. current report, Q2 FY2026
8-K
Current report, Q2 FY2026
Algorhythm Holdings, Inc. current report, Q2 FY2026
8-K
Quarterly report, Q1 FY2026
Algorhythm Holdings, Inc. quarterly report, Q1 FY2026
10-Q

Algorhythm Holdings, Inc. current report, Q2 FY2025

Full document

Business Context and Reporting Period

Company: Algorhythm Holdings, Inc. (Ticker: RIME)
Filing Type: Form 8-K (Current Report)
Date of Report: May 2, 2025
Event: Completion of an acquisition and entry into material definitive agreements.

Key Financial Metrics and Transaction Details

This filing reports a specific acquisition transaction rather than periodic financial performance metrics (revenue, profit, cash flow). Key transaction values include:

  • Total Consideration for SMCB Solutions Private Limited (SMCB): $1,750,000 for 99.99% equity interest.
  • Payment Structure for SMCB: Issuance of a promissory note (debt obligation).
  • Consideration for SemiCab Holdings Interest: 119,742 shares of Company common stock for 20% membership interest.
  • Debt Terms:
    • Principal: $1,750,000 total.
    • Interest Rate: 6% per annum (8% default rate).
    • Maturity: $1,500,000 due in 12 months; $250,000 due in 18 months.

Note: The filing text does not provide clear values for the Company's current revenue, profit, cash flow, margins, or overall liquidity position outside of this specific transaction.

Material Changes and Strategic Actions

On May 2, 2025, the Company executed the following material changes:

  • Acquisition: Subsidiary SemiCab Holdings, LLC acquired 99.99% of SMCB Solutions Private Limited, an Indian company.
  • Equity Issuance: Issued 119,742 shares of common stock to the Seller in a private placement exempt from registration under Section 4(a)(2) of the Securities Act.
  • Management Changes:
    • Ajesh Kapoor appointed CEO and CTO of SemiCab Holdings; granted board seat and right to appoint an additional director upon specified events.
    • Vivek Sehgal appointed Chief Product Officer of SemiCab Holdings.
  • Governance: Entered into an Amended and Restated Limited Liability Company Agreement for SemiCab Holdings.

Outlook, Risks, and Contingencies

Financial Obligations: The Company has assumed a direct financial obligation via the Promissory Note. Failure to pay principal or interest when due constitutes an event of default, allowing the Seller to declare all outstanding amounts immediately due and payable.

Risks:

  • Liquidity Risk: Significant cash outflows required in 12 and 18 months to service the $1.75M debt.
  • Dilution: Issuance of new shares may dilute existing shareholders.
  • Integration Risk: Success depends on the integration of SMCB and the performance of new management.

The filing text does not provide specific forward-looking guidance, revenue projections, or management commentary on future market conditions beyond the transaction details.

Investor Verification Checklist

  • Verify the Company's current cash position and ability to service the $1.5M and $250k debt payments due in 2026 and 2027.
  • Review the full text of the Equity Purchase Agreement (Exhibit 10.1) for covenants or conditions precedent not summarized here.
  • Assess the financial health and revenue contribution of SMCB Solutions Private Limited to justify the $1.75M valuation.
  • Confirm the impact of the 119,742 new shares on total outstanding share count and earnings per share.
  • Monitor the appointment of Ajesh Kapoor to the Board of Directors and any subsequent changes in corporate governance.