Monitor for any subsequent filings by Azure Energy or its principals; while currently passive, a conversion of the Series B preferred stock or a switch to 13D would signal a material change. The large stake (20%) gives Azure significant influence if it chooses to engage.
Price Chart
Executive Summary
Azure Energy, LLC has filed a Schedule 13G disclosing a 19.99% passive stake in Algorhythm Holdings, Inc., acquired as consideration for an asset sale. The filing indicates no intent to influence control, and the stake is held jointly with two individuals who are officers of the issuer.
Key Financial Metrics
Key Facts
- Azure Energy, LLC owns 4,076,312 shares of common stock, representing 19.99% of shares outstanding as of September 15, 2026.
- The shares were issued as consideration for Azure's asset sale to Algorhythm's subsidiary, Azure Holdings, LLC, valued at $23,000,000.
- Andrew L. Thompson, Managing Partner of Azure, also received 2,119,542 restricted shares as an inducement grant, bringing his total beneficial ownership to 30.38%.
- The filing is a passive 13G under Rule 13d-1(c), with no intent to influence or influence control of the issuer.
- 22,038 shares of Series B preferred stock owned by Azure are excluded from beneficial ownership as they are convertible only upon stockholder approval.
Financial Impact
Asset sale valued at $23,000,000, paid in 4,076,312 shares of common stock and 22,038 shares of Series B preferred stock.
Risk Factors
- Potential for future dilution if the Series B preferred stock is converted upon stockholder approval.
- Insider concentration risk: Andrew L. Thompson holds 30.38% beneficial ownership, giving him significant control.
Investment Themes
Documents Analyzed
This report is based on 3 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| SC 13G Filing (Primary) | 0002158212-26-000002 |
| Document: 0002158212-26-000002-index.html | 0002158212-26-000002 |
| Document: 0002158212-26-000002.txt | 0002158212-26-000002 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 19, 2026 7d ago | SC 13G | $0.1032 | awaiting T+60 | — | $0.0984 (−4.65%) |
Oct 7, 2026 19d ago | 3 | $0.1400 | awaiting T+60 | — | $0.0984 (−29.71%) |
Sep 21, 2026 5w ago | 8-K | $0.1835 | awaiting T+60 | — | $0.0984 (−46.38%) |
Aug 14, 2026 10w ago | Press Release | $0.3751 | awaiting T+60 | — | $0.0984 (−73.77%) |
Jun 22, 2026 18w ago | 8-K | $0.6600 $0.1950 | ▲ +70.45% | ▲ +73.70% | $0.0984 (+85.09%) |
Jun 18, 2026 18w ago | 8-K | $0.6400 $0.2173 | ▲ +66.05% | ▲ +67.79% | $0.0984 (+84.63%) |
Jun 4, 2026 20w ago | EFFECT | $0.7300 $0.2608 | ▲ +64.27% | ▲ +66.16% | $0.0984 (+86.52%) |
May 21, 2026 22w ago | 8-K | $0.7400 $0.3151 | ▼ −57.42% | ▼ −60.61% | $0.0984 (−86.70%) |
May 12, 2026 24w ago | Press Release | $0.7600 | awaiting T+60 | — | $0.0984 (−87.05%) |
May 8, 2026 24w ago | S-1/A | $0.6100 $0.4036 | ▲ +33.84% | ▲ +38.23% | $0.0984 (+83.87%) |
US Market Status
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