Algorhythm Holdings defaults on $1.5 million note, interest rate rises to 8%

Algorhythm Holdings, Inc.

Algorhythm Holdings, Inc.

RIME

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  • Algorhythm Holdings missed USD 1.5 million payment due May 2, 2026 under USD 1.75 million promissory note issued May 2, 2025 to SemiCab.
  • Default lifted interest rate on initial payment to 8% from 6%.
  • SemiCab can accelerate all outstanding amounts on written notice during default.
  • No remedies exercised as of filing date.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Algorhythm Holdings Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001493152-26-021727), on May 07, 2026, and is solely responsible for the information contained therein.

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