Corporate News Report – Algorhythm (RIME)
Trading Activity Algorhythm (ticker RIME) closed at a flat level (0 %) on the 24‑hour period ending 08:54 PM Central Europe, Wednesday 21 October 2026. The current trading price is approximately USD 0.10 on major exchanges. Total shares outstanding: 17 million. Market capitalization: USD 1.8 million. Volume traded in the last 24 hours: USD 2.1 million. Since the close of the previous month, the stock has declined by 52.38 %. The 200‑day simple moving average is USD 0.79. Historical price extremes:
- 52‑week high: USD 4.58 (17 February 2026)
- 52‑week low: USD 0.09 (20 October 2026)
Recent Regulatory Filing On 19 October 2026, Algorhythm Holdings, Inc. filed a Schedule 13G with the Securities and Exchange Commission. The filing identified several parties holding beneficial interests in the company’s common stock, including:
- Azure Energy, LLC
- Andrew L. Thompson
- Kevin S. Tangen
Azure Energy acquired a substantial block of shares through an asset purchase; Thompson received a restricted grant of shares in accordance with Nasdaq listing rules. Neither Thompson nor Tangen reported direct beneficial ownership of Azure’s shares beyond their personal financial interest. The filing contains no indication of a change in control or an intent to influence corporate governance.
Related Market Performance The following table summarizes the performance of comparable stocks in the last 24 hours:
| Ticker | % Change | Current Price (USD) | Market Cap (USD million) | Notes |
|---|---|---|---|---|
| CAPS | –2.21 % | 2.80 | 1.9 | Delisted from Frankfurt Stock Exchange on 19 Oct 2026 |
| GOVX | –0.44 % | 0.23 | 2.1 | |
| NUWE | –1.79 % | 0.52 | 2.0 | |
| NXL | –9.32 % | 2.12 | 2.0 | |
| DBGI | –5.14 % | 1.88 | 2.0 |
Company Background Algorhythm Holdings, Inc. is the parent company of The Singing Machine Company, Inc., an American manufacturer and distributor of consumer‑oriented karaoke equipment. The company specializes in compact disc (CD) and graphic (CD+G) karaoke machines, as well as CD+G and audio karaoke music. Products are distributed through the internet, retail stores, and catalogs.
