RIME Research | Milton Maxwell

RIME

Algorhythm Holdings, Inc.

1.5700

-0.1400-8.19%

Dec 16, 4:00:00 PM EST

Upcoming Earnings

Report date

-/-

Earnings Call Transcripts

This Quarter (Q1 '26)

No earnings call transcript available yet

Last Quarter (Q4 '25)

No earnings call transcript available

Key Stats

Market Cap

4.27M

P/E (TTM)

Basic EPS (TTM)

-278.31

Dividend Yield

Recent Filings

8-K

CEO contract renewed with options

2/27/26Feb 27, 2026

Algorhythm Holdings amended CEO Gary Atkinson's employment agreement on February 23, 2026, setting a $360,000 base salary, up to 50% bonus tied to capital raises and $10M revenue, plus a nonqualified stock option for 740,597 shares at $1.84—~5% fully diluted. It locks in 3-year term with auto-renewal, double-trigger severance, and full equity vesting on change of control. CEO stays aligned long-term.

8-K

Secures $9.5M funding

2/23/26Feb 23, 2026

Algorhythm Holdings inked Secured Pre-Paid Purchase #4 with Streeterville Capital on February 17, 2026, for $10.4M principal ($9.5M net proceeds after $855K OID) at 9% interest, maturing in three years. It secures $3.5M in a DACA-controlled account, while Streeterville converts balances to shares at 90% of recent VWAP. Cash is costly. Prepayment runs 110%.

8-K

5.76M shares outstanding

1/23/26Jan 23, 2026

Algorhythm Holdings disclosed 5,758,102 common shares issued and outstanding as of January 21, 2026, under Item 8.01. No further details on changes or impacts provided. Shares outstanding pinned.

8-K

Secures $1M funding via shares

12/29/25Dec 29, 2025

Algorhythm Holdings inked Secured Pre-Paid Purchase #3 with Streeterville Capital on December 19, 2025, securing $1M purchase price (face $1.09M after $90K OID) at 9% interest, maturing in three years. Investor can buy shares at 90% of recent VWAP; prepayment costs 110%. Secured by guarantees and IP. Dilution risk looms.

8-K

Nasdaq equity deficiency notice

11/28/25Nov 28, 2025

Algorhythm Holdings received a Nasdaq delisting notice on November 28, 2025, for stockholders' equity of $100,000 falling short of the $2.5M minimum required under Listing Rule 5550(b)(1), as reported in its Q3 10-Q. Nasdaq grants 45 days until January 12, 2026, to submit a compliance plan, potentially extending up to 180 days if accepted. No immediate listing impact. Delisting looms without equity fix.

About

Algorhythm Holdings, Inc., together with its subsidiaries, operates as an AI technology and consumer electronics holding company. It operates SemiCab, an artificial intelligence (AI) enabled software logistics business. SemiCab uses real-time data from API-based load tendering and pre-built integrations with TMS and ELD partners to orchestrate collaboration across manufacturers, retailers, distributors, and their carriers. It uses AI/ML predictions and advanced predictive optimization models to enable fully loaded round trips. The company was formerly known as The Singing Machine Company, Inc. and changed its name to Algorhythm Holdings, Inc. in September 2024. Algorhythm Holdings, Inc. was incorporated in 1982 and is headquartered in Fort Lauderdale, Florida.

CEO

Mr. Gary Atkinson

IPO

11/11/1994

Website

https://www.algoholdings.com

Employees

Sector

Technology

Industry

Consumer Electronics