RIME 8-K: Material agreement

Filed with the SEC on Sep 23, 2026 · accession 0001493152-26-043757

RIME filed a 8-K (current report) with the SEC on Sep 23, 2026. Algorhythm Holdings and Continuation Capital agreed to terminate a July 2026 settlement agreement under which the company would have issued up to 5,000,000 shares to settle $1,928,014 in liabilities. The stock moved +1.5% by the first close after the filing.

Summary of the filing

Algorhythm Holdings and Continuation Capital agreed to terminate a July 2026 settlement agreement under which the company would have issued up to 5,000,000 shares to settle $1,928,014 in liabilities. The company estimates approximately $1,418,649 remains outstanding under the covered liabilities.

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Key details

Original principal amount of outstanding liabilities covered by the terminated settlement agreement$1.9M

Estimated remaining balance due under the outstanding liabilities$1.4M

Maximum shares issuable under the terminated settlement agreementshares 5.0M

RegistrantAlgorhythm Holdings, Inc.

Counterparty to terminated settlement agreementContinuation Capital, Inc.

Chief executive officerAndrew Thompson

How RIME stock reacted

Close before

$0.18

Sep 22, 2026

First close after

+1.47%

$0.19

5 trading days

-11.17%

$0.16

Since filing

-53.13%

$0.09

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Frequently asked questions

What did RIME file with the SEC on Sep 23, 2026?

RIME filed a 8-K (Material agreement). Algorhythm Holdings and Continuation Capital agreed to terminate a July 2026 settlement agreement under which the company would have issued up to 5,000,000 shares to settle $1,928,014 in liabilities. The company estimates approximately $1,418,649 remains outstanding under the covered liabilities.

What does a material agreement mean for RIME stock?

A contract important enough that investors need to know about it — a big customer contract, a loan, a merger agreement or a partnership.

How do I read a 8-K?

A report of a major event, filed within four business days: results, deals, leadership changes, bankruptcy and more. The "Item" number tells you the topic (e.g. 2.02 results, 5.02 executive change, 1.01 new agreement, 1.03 bankruptcy). Exhibits (99.1 press release) usually hold the details.

Why are SEC filings important?

Public companies must tell the SEC about anything that can change their value — results, leadership changes, big deals, new shares, bankruptcy. Filings are the official source, often before the news. A 8-K (current report): A report of a major event, filed within four business days: results, deals, leadership changes, bankruptcy and more.

How did RIME stock react to this filing?

RIME closed at $0.18 before the filing and $0.19 on Sep 23, 2026 (+1.47%). Five trading days later: $0.16 (-11.17%).

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