Algorhythm Holdings Raises $1.09 Million in Private Share Sale to Streeterville Capital

Reuters2025-12-30

Algorhythm Holdings Raises $1.09 Million in Private Share Sale to Streeterville Capital

Algorhythm Holdings Inc. has announced the completion of a private placement of its common stock through a Secured Pre-Paid Purchase agreement with Streeterville Capital, LLC. The transaction, executed under a securities purchase agreement dated August 21, 2025, involved the issuance and sale of shares for a principal amount of $1,090,000, before deducting an original issue discount of $90,000. The securities were sold in a transaction exempt from registration under Section 4(a)(2) of the Securities Act, with no advertising or general solicitation. The agreement carries an annual interest rate of nine percent and matures in three years. Univest Securities, LLC acted as placement agent and received a cash fee equal to eight percent of the gross proceeds from this third pre-paid purchase.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Algorhythm Holdings Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001493152-25-029389), on December 29, 2025, and is solely responsible for the information contained therein.

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