Algorhythm Holdings, the parent of RIME, reached a settlement with creditor Continuation Capital on July 21, 2026, to resolve roughly $1.93 million in liabilities. Under the deal, the company will issue up to 5 million shares of common stock, which CCI will sell in court-approved transactions until it recovers 120% of the original claim. The court approved the settlement on July 23 under a securities law exemption that allows unregistered sales.
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