RIME

#4959
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
-36.59%
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 FY2026

Full document

Business Context and Reporting Period

This Form 8-K is filed by Algorhythm Holdings, Inc. (Ticker: RIME) for the reporting period ending June 16, 2026. The filing discloses the entry into a material definitive agreement regarding a promissory note issued to SemiCab, Inc.

Key Financial Metrics

The filing does not provide comprehensive financial statements, revenue, profit, cash flow, or margin data. The specific financial metric disclosed relates to debt obligations:

  • Promissory Note Principal: $1,750,000 issued on May 2, 2025.
  • Initial Payment Due: $1,500,000 was due on May 2, 2026.
  • Remaining Balance Due: $250,000 is due on November 2, 2026.

Material Changes and Events

The Company failed to make the $1,500,000 Initial Payment on its due date of May 2, 2026, resulting in a default under the Promissory Note. To address this, the Company entered into two successive forbearance agreements with the Seller (SemiCab, Inc.):

  1. First Forbearance (May 9, 2026): Waived the default caused by the missed May 2 payment and forbore from action on defaults occurring on or prior to June 16, 2026.
  2. Second Forbearance (June 16, 2026): Re-waived the default regarding the missed May 2 payment and extended the forbearance period for action on defaults occurring on or prior to July 16, 2026.

Outlook, Risks, and Management Commentary

The filing indicates a liquidity constraint as the Company has not yet satisfied the $1,500,000 obligation. The primary risk is the potential for the Seller to resume enforcement actions if the Company fails to make the payment by the new forbearance deadline of July 16, 2026. No forward-looking guidance or management commentary regarding future revenue or operational strategy is provided in this text.

Investor Verification Checklist

  • Verify the Company's current cash position and ability to pay the $1,500,000 by July 16, 2026.
  • Review the full text of the Forbearance Agreement (Exhibit 10.1) for any additional covenants or penalties.
  • Monitor for subsequent filings indicating whether the payment was made or if further extensions were required.
  • Assess the impact of this default on the Company's creditworthiness and relationships with other creditors.