Monitor for any announcement of a reverse stock split or other compliance plan. The stock may face continued selling pressure as delisting risk is now explicit. A credible plan to regain compliance could provide a near-term catalyst, but failure to act could lead to eventual delisting and severe liquidity loss.
Price Chart
Executive Summary
Algorhythm Holdings received a Nasdaq deficiency notice on June 16, 2026, for failing to maintain a minimum $1.00 bid price for 30 consecutive business days. The company has until December 14, 2026, to regain compliance, with a potential additional 180-day period, and is considering a reverse stock split. This filing signals material delisting risk for the $12M market cap company.
Key Facts
- Received Nasdaq deficiency letter on June 16, 2026, for bid price below $1.00 for 30 consecutive business days (May 4 to June 15, 2026)
- Initial 180-day compliance period ends December 14, 2026; may qualify for an additional 180-day period if other listing standards are met
- Company intends to consider options including a reverse stock split to regain compliance
- No immediate effect on listing or trading; stock continues trading under symbol RIME
Financial Impact
Delisting risk with potential for reverse stock split; no specific financial figures provided in filing
Risk Factors
- Failure to regain compliance by December 14, 2026, leading to delisting from Nasdaq
- Reverse stock split may be necessary but could further depress share price if not well-received
- Low market cap ($12M) and thin institutional ownership increase vulnerability to continued price decline
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001493152-26-029347 |
| Document: 0001493152-26-029347-index-headers.html | 0001493152-26-029347 |
| Document: 0001493152-26-029347-index.html | 0001493152-26-029347 |
| Document: 0001493152-26-029347.txt | 0001493152-26-029347 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 19, 2026 8d ago | SC 13G | $0.1032 | awaiting T+60 | — | $0.1000 (−3.10%) |
Oct 7, 2026 20d ago | 3 | $0.1400 | awaiting T+60 | — | $0.1000 (−28.57%) |
Sep 21, 2026 5w ago | 8-K | $0.1835 | awaiting T+60 | — | $0.1000 (−45.50%) |
Aug 14, 2026 10w ago | Press Release | $0.3751 | awaiting T+60 | — | $0.1000 (−73.34%) |
Jun 22, 2026 18w ago | 8-K | $0.6600 $0.1950 | ▲ +70.45% | ▲ +73.70% | $0.1000 (+84.85%) |
Jun 18, 2026 18w ago | 8-K | $0.6400 $0.2173 | ▲ +66.05% | ▲ +67.79% | $0.1000 (+84.37%) |
Jun 4, 2026 20w ago | EFFECT | $0.7300 $0.2608 | ▲ +64.27% | ▲ +66.16% | $0.1000 (+86.30%) |
May 21, 2026 22w ago | 8-K | $0.7400 $0.3151 | ▼ −57.42% | ▼ −60.61% | $0.1000 (−86.49%) |
May 12, 2026 24w ago | Press Release | $0.7600 | awaiting T+60 | — | $0.1000 (−86.84%) |
May 8, 2026 24w ago | S-1/A | $0.6100 $0.4036 | ▲ +33.84% | ▲ +38.23% | $0.1000 (+83.61%) |
US Market Status
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