Algorhythm Holdings, Inc. (RIME) Form 8-K — Jul 24, 2026
$RIMEForm 8-KItems 1.01, 3.02, 5.02Filed Jul 24, 2026, 5:12 PM ET0001493152-26-034615Original filing
Algorhythm Holdings entered into a settlement agreement with Continuation Capital, Inc. to resolve outstanding liabilities totaling $1,928,014. To satisfy the claim, the company agreed to issue up to 5,000,000 shares of common stock, with the issuance structured so that CCI generates proceeds equal to 120% of the claim amount. The agreement was approved by the Circuit Court of the Twelfth Judicial Circuit in Florida under Section 3(a)(10) of the Securities Act.
Key figures
- Debt Amount
- 1928014
- Shares Outstanding
- 15425958
- Ceo salary
- 360000
- Cfo salary
- 275000
- Cfo salary step up
- 300000
- Relocation gross up
- 10000
- Ceo target bonus percent
- 50%
- Cfo target bonus percent
- 30%
- Settlement shares authorized
- 5000000
Price after filing
1 day: 0.0%7 days: -13.6%30 days: -25.8%
Close on the filing date to close N calendar days later (from $0.46). Historical, not a forecast.
AI analysis
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