Financing ·
Algorhythm Holdings, Inc. entered into an exchange agreement with Streeterville Capital, LLC on June 29, 2026, to…
RIMEAlgorhythm Holdings, Inc.
Algorhythm Holdings, Inc. entered into an exchange agreement with Streeterville Capital, LLC on June 29, 2026, to partition a $3,500,000 portion of its Secured Pre-Paid Purchase #4 debt and exchange it for 3,500 shares of newly created Series A Preferred Stock. The Series A Preferred Stock ranks senior to common stock and accrues a 9% annual preferred return on a $1,150 stated value per share, which compounds daily and is payable quarterly in cash or additional shares. Following the exchange, the outstanding balance of Secured Pre-Paid Purchase #4 is $7,202,371.69. Algorhythm Holdings, Inc. operates in the technology sector and provides algorithmic trading solutions or related financial technology services.