Every S-1 that Algorhythm Holdings, Inc. (RIME) has filed with the SEC in the last 12 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A S-1 covers the registration statement a company files to sell shares publicly, so if you follow RIME and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full RIME filings page.
Algorhythm Holdings, Inc. is registering up to 10,000,000 shares of common stock for resale by Streeterville Capital, LLC. These shares may be issued under a Securities Purchase Agreement that allows Streeterville to fund pre-paid share purchases up to an aggregate principal amount of $20,000,000.
Algorhythm has completed four Pre-Paid Purchases totaling $19,500,000 in principal, creating $21,285,000 of obligations, of which $10,229,000 has been repaid through Streeterville’s prior purchase of 12,077,557 shares. The company will not receive proceeds from Streeterville’s resale of the registered shares, though any future share purchases by Streeterville will reduce outstanding pre-paid balances. Streeterville’s ownership is limited to 9.99% of Algorhythm’s outstanding stock, and issuances must comply with Nasdaq Listing Rule 5635(d). As of this prospectus, Algorhythm has 15,425,958 shares outstanding, with a Nasdaq Capital Market listing under the symbol “RIME.”
Algorhythm Holdings is registering up to 10,000,000 shares of common stock for resale by Streeterville Capital under a $20,000,000 prepaid share purchase facility. The company will not receive proceeds from Streeterville’s sales; instead, share issuances reduce outstanding obligations under several secured Pre-Paid Purchases.
Streeterville can acquire shares at 90% of the lowest volume-weighted average price over a ten-day period, subject to a floor price and a 9.99% beneficial ownership cap and Nasdaq Listing Rule 5635(d). Algorhythm is an AI-focused logistics company built around its SemiCab platform, and had 14,651,665 shares outstanding when this prospectus was prepared.
Algorhythm Holdings, Inc. has filed a resale registration covering up to 10,000,000 shares of common stock that may be issued to Streeterville Capital, LLC under an existing pre-paid share purchase facility. These shares will be sold from time to time by Streeterville, and Algorhythm will not receive proceeds from their resale.
The facility allows Algorhythm to raise up to $20,000,000 in aggregate principal through multiple pre-paid purchases, with pricing for any new shares issued to Streeterville based on a discount to recent market prices, subject to a floor price and a 9.99% beneficial ownership cap. The company has 14,651,665 shares of common stock outstanding as of the prospectus date.