# Algorhythm Holdings, Inc. (RIME) — capital_raise/private_placement [pending]
Source: SEC API (secapi.ai) · situation sit_54af0b4b66e6b00af2da · retrieved 2026-08-11T16:10:48.495Z

## Overview
Algorhythm Holdings, Inc. is a computer integrated systems design services company.

Algorhythm Holdings, Inc. entered into a settlement agreement with Continuation Capital, Inc. on July 21, 2026, to resolve outstanding liabilities in the principal amount of $1,928,014. Under the settlement, the Company will issue up to 5,000,000 shares of common stock to CCI in one or more tranches until CCI has generated aggregate proceeds equal to 120% of the Claim Amount ($2,313,617). The Circuit Court of the Twelfth Judicial Circuit in Desoto County, Florida approved the settlement on July 23, 2026, following a fairness hearing under Section 3(a)(10) of the Securities Act of 1933. CCI's ownership is capped at 19.99% of the Company's issued and outstanding common stock at any given time.

## Terms
- Counterparty: Continuation Capital, Inc. · Consideration: stock · Stake: 19.99%

## Key dates
- Announced 2026-07-24

## Timeline
- 2026-07-24 · 8-K (0001493152-26-034615): 8-K - Algorhythm Holdings, Inc. — *Algorhythm Holdings, Inc. is a computer integrated systems design services company.* Algorhythm Holdings, Inc. entered into a settlement agreement with Continuation Capital, Inc. on July 21, 2026, to resolve outstanding liabilities in the principal amount of $1,928,014. Under the settlement, the Company will issue up to 5,000,000 shares of common stock to CCI in one or more tranches until CCI has generated aggregate proceeds equal to 120% of the Claim Amount ($2,313,617). The Circuit Court of the Twelfth Judicial Circuit in Desoto County, Florida approved the settlement on July 23, 2026, following a fairness hearing under Section 3(a)(10) of the Securities Act of 1933. CCI's ownership is capped at 19.99% of the Company's issued and outstanding common stock at any given time.
  https://www.sec.gov/Archives/edgar/data/923601/0001493152-26-034615.txt

## Citations
- 0001493152-26-034615 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000149315226034615