Algorhythm Holdings, Inc. Files 8-K, Updates Address

TL;DR

Algorhythm Holdings (formerly Singing Machine Co Inc) moved its HQ to Fort Lauderdale, FL.

AI Summary

Algorhythm Holdings, Inc. filed an 8-K on November 25, 2024, reporting an event on November 22, 2024. The filing indicates a change in the company's principal executive offices to 6301 NW 5th Way, Suite 2900, Fort Lauderdale, FL 33309. The company was formerly known as Singing Machine Co Inc.

Why It Matters

This filing informs investors and stakeholders about a significant change in the company's operational base, which could impact logistics and accessibility.

Risk Assessment

Risk Level: low — The filing is a routine update on company address and does not indicate any financial distress or significant operational changes.

Key Players & Entities

• Algorhythm Holdings, Inc. (company) — Registrant
• Singing Machine Co Inc (company) — Former Company Name
• Fort Lauderdale, FL (location) — New Principal Executive Offices
• 6301 NW 5th Way, Suite 2900 (location) — New Principal Executive Offices Address

FAQ

Key Financial Figures

• $0.01 — ch registered Common Stock, par value $0.01 per share RIME The Nasdaq Stock Mar
• $2.5 million — orted stockholders' equity of less than $2.5 million in its Quarterly Report on Form 10-Q fo

Filing Documents

• form8-k.htm (8-K) — 38KB
• 0001493152-24-047634.txt ( ) — 210KB
• mics-20241122.xsd (EX-101.SCH) — 3KB
• mics-20241122_lab.xml (EX-101.LAB) — 33KB
• mics-20241122_pre.xml (EX-101.PRE) — 24KB
• form8-k_htm.xml (XML) — 4KB

From the Filing

UNITED SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): November 22, 2024 Algorhythm Holdings, Inc . (Exact Name of Registrant as Specified in Charter) Delaware 001-41405 95-3795478 (State or Other Jurisdiction (Commission (IRS Employer of Incorporation) File Number) Identification No.) 6301 NW 5 th Way , Suite 2900 Fort Lauderdale , FL 33309 (Address of Principal Executive Offices) (Zip Code) Registrant's Telephone Number, Including Area Code: (954) 596-1000 (Former Name or Former Address, if Changed Since Last Report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions ( see General Instruction A.2. below): Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol(s) Name of each exchange on which registered Common Stock, par value $0.01 per share RIME The Nasdaq Stock Market LLC (The Nasdaq Capital Market) Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (240.12b-2 of this chapter). Emerging growth company If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. Item 8.01 Other Events. As previously disclosed, on August 26, 2024, Algorhythm Holdings, Inc. (the "Company") received a letter from The Nasdaq Stock Market ("Nasdaq") notifying the Company that it was not in compliance with the minimum stockholders' equity requirement for continued listing on the Nasdaq Capital Market under Nasdaq Listing Rule 5550(b)(1), because it reported stockholders' equity of less than $2.5 million in its Quarterly Report on Form 10-Q for the period ended June 30, 2024, and it did not meet the alternative tests for market value of listed securities or net income from continuing operations. In accordance with the letter, within 45 days of receipt of the letter, the Company submitted a plan to regain compliance with the minimum stockholders' equity standard. On November 13, 2024, the Company filed a Current Report on Form 8-K, in which the Company described the steps it had taken to regain compliance with the Nasdaq Listing Rule 5550(b)(1) and indicated that it believed it had regained compliance. On November 22, 2024, the Company received a letter from Nasdaq informing the Company that, based on the Company's Current Report on Form 8-K filed November 13, 2024, the Nasdaq Staff has determined that the Company complies with Nasdaq Listing Rule 5550(b)(1). The Company understands that if it fails to evidence continued compliance as of its next periodic report filed with the Securities and Exchange Commission, the Company may be subject to delisting, in which event Nasdaq Staff would provide written notification to the Company, which may then appeal the determination to a listing panel. SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date: November 25, 2024 Algorhythm Holdings, Inc. By: /s/ Gary Atkinson Name: Gary Atkinson Title: Chief Executive Officer

View Full Filing

View this 8-K filing on SEC EDGAR