{"filing":{"accession_number":"0001493152-26-029603","cik":"0000923601","ticker":"RIME","company_name":"Algorhythm Holdings, Inc.","form":"8-K","filing_date":"2026-06-22","report_date":null,"primary_document":"form8-k.htm","primary_document_url":"https://www.sec.gov/Archives/edgar/data/923601/000149315226029603/form8-k.htm"},"events":[{"id":12827,"run_id":11383,"accession_number":"0001493152-26-029603","anchor_item_number":null,"event_type":"covenant_breach","event_domain":"financial","is_material":true,"confidence":0.85,"summary":"The filing discloses that Algorhythm Holdings failed to pay a $1.5 million promissory note due on May 2, 2026, and subsequently entered into two forbearance agreements (May 9, 2026 and June 16, 2026) in which the creditor waived defaults and agreed to forbear from enforcement. This is a classic covenant breach scenario—the Company triggered a payment default on a material debt obligation, and the creditor's forbearance agreements are explicit acknowledgments of the default. The escalating forbearance timeline (extended from June 16 to July 16) suggests ongoing financial stress.","company_name":"Algorhythm Holdings, Inc.","ticker":"RIME","filing_date":"2026-06-22","form":"8-K","submitted_at":null,"items":null}],"classifications":[{"id":9791,"accession_number":"0001493152-26-029603","item_number":null,"item_title":null,"event_type":"covenant_breach","event_domain":"financial","is_material":true,"confidence":0.85,"reasoning":"The filing discloses that Algorhythm Holdings failed to pay a $1.5 million promissory note due on May 2, 2026, and subsequently entered into two forbearance agreements (May 9, 2026 and June 16, 2026) in which the creditor waived defaults and agreed to forbear from enforcement. This is a classic covenant breach scenario—the Company triggered a payment default on a material debt obligation, and the creditor's forbearance agreements are explicit acknowledgments of the default. The escalating forbearance timeline (extended from June 16 to July 16) suggests ongoing financial stress.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-06-22T20:55:46.170923+00:00","company_name":"Algorhythm Holdings, Inc.","ticker":"RIME","filing_date":"2026-06-22"}]}