Singing Machine Co., Inc. Files 8-K with Material Agreement
Ticker: RIME · Form: 8-K · Filed: Jun 12, 2024 · CIK: 923601
| Field | Detail |
|---|---|
| Company | Singing Machine Co Inc (RIME) |
| Form Type | 8-K |
| Filed Date | Jun 12, 2024 |
| Risk Level | medium |
| Pages | 15 |
| Reading Time | 18 min |
| Key Dollar Amounts | $0.01, $1,700,000, $1,000,000, $140,000, $240,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-agreement, filing, financials
TL;DR
Singing Machine Co. signed a big deal, filed financials. Details TBD.
AI Summary
On June 11, 2024, Singing Machine Co., Inc. entered into a Material Definitive Agreement. The company also made a Regulation FD Disclosure and filed Financial Statements and Exhibits as part of this 8-K filing. Specific details of the agreement and financial information were not provided in the excerpt.
Why It Matters
This filing indicates a significant event for Singing Machine Co., Inc., potentially impacting its business operations, financial standing, or strategic direction.
Risk Assessment
Risk Level: medium — The filing indicates a material definitive agreement, which could represent a significant change or risk for the company, but the specifics are not detailed in the provided text.
Key Players & Entities
- Singing Machine Co., Inc. (company) — Registrant
- June 11, 2024 (date) — Date of earliest event reported
- Delaware (jurisdiction) — State of incorporation
- 001-41405 (filing_id) — Commission File Number
- 95-3795478 (tax_id) — IRS Employer Identification No.
- 6301 NW 5th Way , Suite 2900 Fort Lauderdale , FL 33309 (address) — Principal executive offices
- (954) 596-1000 (phone_number) — Registrant's telephone number
FAQ
What is the nature of the Material Definitive Agreement entered into by Singing Machine Co., Inc. on June 11, 2024?
The provided excerpt does not specify the details of the Material Definitive Agreement.
What specific financial statements and exhibits were filed with this 8-K report?
The excerpt states that Financial Statements and Exhibits were filed, but does not list their specific contents.
What is the primary business of Singing Machine Co., Inc. based on its SIC code?
Singing Machine Co., Inc.'s SIC code (3652) indicates its business is related to Phonograph Records & Prerecorded Audio Tapes & Disks.
Where are the principal executive offices of Singing Machine Co., Inc. located?
The principal executive offices are located at 6301 NW 5th Way, Suite 2900, Fort Lauderdale, FL 33309.
What is the fiscal year end for Singing Machine Co., Inc.?
The fiscal year end for Singing Machine Co., Inc. is December 31st (1231).
Filing Stats: 4,406 words · 18 min read · ~15 pages · Grade level 15.9 · Accepted 2024-06-12 07:15:31
Key Financial Figures
- $0.01 — ch registered Common stock, par value $0.01 per share MICS The Nasdaq Stock Mar
- $1,700,000 — tion for gross proceeds of no less than $1,700,000; (4) the Company having taken action to
- $1,000,000 — make an initial capital contribution of $1,000,000 and have an 80% membership interest in
- $140,000 — will be entitled to an annual salary of $140,000 in 2024, $240,000 in 2025 and $300,000
- $240,000 — o an annual salary of $140,000 in 2024, $240,000 in 2025 and $300,000 in each of 2026, 2
- $300,000 — $140,000 in 2024, $240,000 in 2025 and $300,000 in each of 2026, 2027 and 2028. In addi
- $50,000 — entitled to stock compensation equal to $50,000. In addition, based on certain mileston
- $105,000 — will be entitled to an annual salary of $105,000 in 2024, $210,000 in 2025, $240,000 in
- $210,000 — o an annual salary of $105,000 in 2024, $210,000 in 2025, $240,000 in 2026, $270,000 in
- $270,000 — 24, $210,000 in 2025, $240,000 in 2026, $270,000 in 2027 and $300,000 in 2028. In additi
Filing Documents
- form8-k.htm (8-K) — 153KB
- ex2-1.htm (EX-2.1) — 468KB
- ex10-1.htm (EX-10.1) — 550KB
- ex99-1.htm (EX-99.1) — 26KB
- ex99-2.htm (EX-99.2) — 50KB
- ex99-3.htm (EX-99.3) — 206KB
- ex99-4.htm (EX-99.4) — 379KB
- ex99-1_001.jpg (GRAPHIC) — 5KB
- 0001493152-24-023543.txt ( ) — 2253KB
- mics-20240611.xsd (EX-101.SCH) — 3KB
- mics-20240611_lab.xml (EX-101.LAB) — 33KB
- mics-20240611_pre.xml (EX-101.PRE) — 22KB
- form8-k_htm.xml (XML) — 4KB
BUSINESS
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