ALGO news

Greg Smith was appointed Chief Executive Officer and Executive Chairman of Algorhythm Holdings, Inc., effective November 2, 2026. This new executive leadership may influence the company's future strategy and market direction.

Algorhythm Holdings Inc. filed a certificate designating 100,000 shares of Series B preferred stock. This designation authorizes certain voting and financial preferences for the new share class.

Algorhythm Holdings extended and amended the employment agreement with CEO Gary Atkinson. The updated agreement sets a new Term starting February 23, 2026. These leadership changes remain a key financial development for the company.

Algorhythm Holdings and noteholder SemiCab agreed to waive default on a missed $1.75M payment due May 2, 2026, with forbearance extending to July 16, 2026. The agreement suggests potential liquidity challenges for the company and refinancing negotiations with creditors.