Algorhythm Holdings, Inc. Regains Nasdaq Listing Compliance

2026-05-21SEC Filing 8-K (0001493152-26-024859)

Algorhythm Holdings, Inc. received a notification from Nasdaq on November 28, 2025, indicating that its stockholders' equity did not meet the continued listing requirement of $2,500,000 as of September 30, 2025. The company submitted a plan to regain compliance on January 12, 2026, and Nasdaq granted an extension. In its Form 10-Q for the quarter ended March 31, 2026, filed on May 14, 2026, the company reported stockholders' equity of $3,168,000, thereby regaining compliance. This increase in equity was attributed to reduced operating expenses, increased net sales from the SemiCab business, and the sale of common stock to Streeterville Capital, LLC. Nasdaq will continue to monitor compliance, and failure to maintain the required stockholders' equity in the next periodic report could result in delisting.

Ticker mentioned:RIME