{"url_path":"/sec/rime/8-k/2026-06-22/cover-page","section_key":"cover-page","section_title":"Cover Page","topic":"sec","document":{"doc_type":"8-K","doc_date":"2026-06-22","source_url":"https://www.sec.gov/Archives/edgar/data/923601/0001493152-26-029603-index.html","accession_number":"0001493152-26-029603","cik":"0000923601","ticker":"RIME","issuer_name":"Algorhythm Holdings, Inc.","edgar_url":"https://www.sec.gov/Archives/edgar/data/923601/0001493152-26-029603-index.html","primary_entity_key":"0000923601","primary_entity_name":"Algorhythm Holdings, Inc."},"word_count":696,"has_tables":true,"body_markdown":"false\n0000923601\n\n0000923601\n\n2026-06-16\n2026-06-16\n\niso4217:USD\n\nxbrli:shares\n\niso4217:USD\n\nxbrli:shares\n\n \n\n \n\n** **\n\n**UNITED\nSTATES**\n\n**SECURITIES\nAND EXCHANGE COMMISSION**\n\n**Washington,\nD.C. 20549**\n\n \n\n**FORM\n8-K**\n\n \n\n**CURRENT\nREPORT**\n\n**Pursuant\nto Section 13 or 15(d) of the Securities Exchange Act of 1934**\n\n \n\nDate\nof Report (Date of earliest event reported):\n**June\n16, 2026**\n\n \n\n**ALGORHYTHM\nHOLDINGS, INC.**\n\n \n\n(Exact\nName of Registrant as Specified in Charter)\n\n \n\n**Delaware**\n \n**001-41405**\n \n**95-3795478**\n\n(State or Other Jurisdiction\n \n(Commission\n \n(IRS Employer\n\nof Incorporation)\n \nFile Number)\n \nIdentification No.)\n\n \n\n**6301 NW 5th\nWay, Suite 2900**\n \n \n\n**Fort Lauderdale, FL**\n \n**33309**\n\n(Address of Principal Executive\nOffices)\n \n(Zip Code)\n\n \n\nRegistrant’s Telephone Number, Including Area\nCode:\n**(954)\n800-0425**\n\n \n\n**Not\nApplicable**\n\n \n\n(Former\nName or Former Address, if Changed Since Last Report)\n\n \n\nCheck\nthe appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under\nany of the following provisions (*see*General Instruction A.2. below):\n\n \n\n☐\nWritten communications\npursuant to Rule 425 under the Securities Act (17 CFR 230.425)\n\n \n \n\n☐\nSoliciting material pursuant\nto Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)\n\n \n \n\n☐\nPre-commencement communications\npursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))\n\n \n \n\n☐\nPre-commencement communications\npursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))\n\n \n\nSecurities\nregistered pursuant to Section 12(b) of the Act:\n\n \n\n**Title of\neach class**\n \n**Trading Symbol(s)**\n \n**Name of each\nexchange on which registered**\n\nCommon Stock, par value\n$0.01 per share\n \nRIME\n \n\nThe\nNasdaq Stock Market LLC\n\n(The\nNasdaq Capital Market)\n\n \n\nIndicate\nby check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405\nof this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).\n\n \n\nEmerging\ngrowth company ☐\n\n \n\nIf\nan emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying\nwith any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐\n\n** **\n\n****\n\n \n\n** **\n\n \n\n \n\n \n\n**Section\n1 - Registrant’s Business and Operations Item**\n\n** **\n\n**1.01** **Entry into a Material Definitive Agreement.**\n\n \n\nOn\nMay 2, 2025, Algorhythm Holdings, Inc. (the “Company”) issued a promissory note in the principal amount of $1,750,000 (the\n“Promissory Note”) to SemiCab, Inc., a Delaware corporation (the “Seller”), pursuant to an equity purchase agreement\n(the “Equity Purchase Agreement”) among the Company and its subsidiary, SemiCab Holdings, LLC, a Nevada limited liability\ncompany (“SemiCab Holdings”), and the Seller. The Promissory Note provides that $1,500,000 is due and payable by the Company\non the first anniversary of the date of issuance, or May 2, 2026 (the “Initial Payment”), and the remaining $250,000 is due\nand payable by the Company on the 18-month anniversary of the date of issuance, or November 2, 2026.\n\n \n\nOn\nMay 9, 2026, the Company and the Seller entered into a forbearance agreement pursuant to which: (i) the Seller irrevocably\nwaived any default or event of default that was or will be caused under the Promissory Note as a result of the Company’s failure\nto pay the Initial Payment to the Seller on May 2, 2026, and (ii) the Seller will forbear from taking action with respect to any defaults\nor events of default arising after the date of the forbearance agreement with respect to the Company’s failure to make such\npayment that occur at any time on or prior to June 16, 2026.\n\n \n\nOn\nJune 16, 2026, the Company and the Seller entered into a second forbearance agreement pursuant to which: (i) the Seller\nirrevocably waived any default or event of default that was or will be caused under the Promissory Note as a result of the Company’s\nfailure to pay the Initial Payment to the Seller on May 2, 2026, and (ii) the Seller will forbear from taking action with respect to\nany defaults or events of default arising after date of the forbearance agreement with respect to the Company’s failure\nto make such payment that occur at any time on or prior to July 16, 2026.\n\n \n\nThe\nforegoing description of the second forbearance agreement does not purport to be complete and is qualified in its entirety by\nreference to Exhibit 10.1 to this Current Report on Form 8-K and incorporated by reference herein."}