Financing ·
On June 16, 2026, Algorhythm Holdings, Inc. entered into a second forbearance agreement with SemiCab, Inc. regarding a…
RIMEAlgorhythm Holdings, Inc.
On June 16, 2026, Algorhythm Holdings, Inc. entered into a second forbearance agreement with SemiCab, Inc. regarding a $1,750,000 promissory note issued on May 2, 2025. The agreement waives defaults resulting from the company's failure to make a $1,500,000 initial payment due on May 2, 2026, and extends the forbearance period to July 16, 2026. A remaining balance of $250,000 remains due on November 2, 2026. The company operates in the technology sector providing algorithmic solutions.