ALGORHYTHM (RIME) Creates Series B Preferred Convertible at $0.2359
Algorhythm Holdings designated 100,000 Series B preferred shares with a $1,000 stated value, convertible into common stock only after shareholder approval.
Algorhythm Holdings (RIME) has created a new class of convertible preferred stock, according to an 8-K filed with the SEC. The board approved a Certificate of Designation for Series B Preferred Stock at a meeting on September 10, 2026, and chief executive Gary Atkinson signed the certificate the following day. No Series B shares had been issued as of that date.
