Form 8-K
8-K — Algorhythm Holdings, Inc.
Accession: 0001493152-26-029347
Filed: 2026-06-18
Period: 2026-06-16
CIK: 0000923601
SIC: 7373 (SERVICES-COMPUTER INTEGRATED SYSTEMS DESIGN)
Item: Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing
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UNITED
STATES
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):
June
16, 2026
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 5th Way, Suite 2900
Fort
Lauderdale, FL
33309
(Address
of Principal Executive Offices)
(Zip
Code)
Registrant’s
Telephone Number, Including Area Code:
(954)
800-0425
Not
Applicable
(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
3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.
On
June 16, 2026, Algorhythm Holdings, Inc. (the “Company”) received a letter (the “Notification Letter”) from the
Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that, based upon the closing
bid price of the Company’s common stock (Nasdaq symbol: RIME) for the 30 consecutive business days from May 4, 2026 to June 15,
2026, the Company no longer meets the minimum bid price requirement of $1.00 per share set forth in Nasdaq Listing Rule 5550(a)(2) for
continued listing on The Nasdaq Capital Market.
The
Notification Letter states that the Company has a compliance period of 180 calendar days, or until December 14, 2026, to regain compliance
with the minimum bid price requirement. If at any time during this compliance period the closing bid price of the Company’s common
stock is at least $1.00 per share for a minimum of ten consecutive business days, Nasdaq will provide the Company written confirmation
of compliance and the matter will be closed. Nasdaq may, in its discretion, require the Company to satisfy the minimum bid price requirement
for a period in excess of ten consecutive business days before determining that the Company has demonstrated an ability to maintain long-term
compliance.
The
Notification Letter further states that if the Company does not regain compliance during the initial 180-calendar-day compliance period,
the Company may be eligible for an additional 180-calendar-day compliance period, provided that it meets the continued listing requirement
for market value of publicly held shares and all other initial listing standards for The Nasdaq Capital Market (except the bid price
requirement) and provides written notice of its intention to cure the deficiency during the second compliance period, by effecting a
reverse stock split if necessary. If it appears to Nasdaq staff that the Company will not be able to cure the deficiency, or if the Company
is otherwise not eligible for the additional compliance period, Nasdaq will provide notice that the Company’s securities will be
subject to delisting.
The
Notification Letter has no immediate effect on the listing or trading of the Company’s common stock on The Nasdaq Capital Market,
and the Company’s common stock will continue to trade under the symbol “RIME” during the compliance period.
The
Company intends to actively monitor the closing bid price of its common stock and consider available options to regain compliance with
the minimum bid price requirement, including such actions as effecting a reverse stock split. There can be no assurance that the Company
will be able to regain compliance with the minimum bid price requirement during the initial compliance period or any additional compliance
period, or that the Company will otherwise maintain compliance with the other Nasdaq listing requirements.
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:
June 18, 2026
ALGORHYTHM
HOLDINGS, INC.
By:
/s/
Alex Andre
Name:
Alex
Andre
Title:
Chief
Financial Officer and General Counsel
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Jun. 16, 2026
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Entity File Number
001-41405
Entity Registrant Name
ALGORHYTHM
HOLDINGS, INC.
Entity Central Index Key
0000923601
Entity Tax Identification Number
95-3795478
Entity Incorporation, State or Country Code
DE
Entity Address, Address Line One
6301
NW 5th Way
Entity Address, Address Line Two
Suite 2900
Entity Address, City or Town
Fort
Lauderdale
Entity Address, State or Province
FL
Entity Address, Postal Zip Code
33309
City Area Code
(954)
Local Phone Number
800-0425
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Title of 12(b) Security
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Trading Symbol
RIME
Security Exchange Name
NASDAQ
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