Algorhythm Holdings Inc. has received a notice from the Nasdaq Stock Market indicating that it is not in compliance with Nasdaq Listing Rule 5550(b)(1), which requires companies to maintain a minimum stockholders' equity of $2.5 million. As of September 30, 2025, the company's reported stockholders' equity was $100,000. Algorhythm Holdings has until January 12, 2026, to submit a plan to regain compliance, and may be granted up to 180 days to meet the requirement if its plan is accepted. There is no immediate impact on the company's Nasdaq listing, but failure to regain compliance could ultimately lead to delisting.
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: 0001493152-25-025393), on November 28, 2025, and is solely responsible for the information contained therein.