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RIME 8-K: SEC filing

Filed with the SEC on · accession 0001493152-26-051446

RIME filed a 8-K (current report) with the SEC on Nov 12, 2026. Algorhythm Holdings made a voluntary $2,000,000 prepayment against its Secured Pre-Paid Purchase #4 with Streeterville Capital, reducing the aggregate outstanding balance of all Pre-Paid Purchases from $10,137,461 to $8,137,461. The stock moved +64.8% by the first close after the filing.

Summary of the filing

Algorhythm Holdings made a voluntary $2,000,000 prepayment against its Secured Pre-Paid Purchase #4 with Streeterville Capital, reducing the aggregate outstanding balance of all Pre-Paid Purchases from $10,137,461 to $8,137,461. Streeterville waived the 110% prepayment premium otherwise payable.

For details, click here →How to read a 8-K →

Key details

Voluntary prepayment against PPP #4$2.0M
Aggregate outstanding balance of Pre-Paid Purchases after prepayment$8.1M
Aggregate outstanding balance of Pre-Paid Purchases before prepayment$10.1M
Principal amount of PPP #4 before original issue discount$10.4M
Original issue discount on PPP #4$855K
Maximum aggregate purchase price under Securities Purchase Agreement$20.0M
Registrant/issuerAlgorhythm Holdings, Inc.
Lender/counterparty under securities purchase agreementStreeterville Capital, LLC
Chief executive officerGregory D. Smith

How RIME stock reacted

Close before

$0.09

Nov 11, 2026

First close after

+64.77%

$0.14

5 trading days

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Since filing

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Frequently asked questions

What did RIME file with the SEC on Nov 12, 2026?

RIME filed a 8-K (SEC filing). Algorhythm Holdings made a voluntary $2,000,000 prepayment against its Secured Pre-Paid Purchase #4 with Streeterville Capital, reducing the aggregate outstanding balance of all Pre-Paid Purchases from $10,137,461 to $8,137,461. Streeterville waived the 110% prepayment premium otherwise payable.

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 $0.09 before the filing and $0.14 on Nov 12, 2026 (+64.77%).

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