Home / Auditor changes / Algorhythm Holdings, Inc.
Filed 2025-04-30 路 Form 8-K 路 Accession 0001641172-25-006724 nano
Price before filing: $2.3 (2025-04-29 close, split/dividend-adjusted)
Market cap at flag: $5.9M (2025-04-30) 路 Latest: $1.8M (2026-10-16)
| Window | RIME | SPY | vs SPY | |
|---|---|---|---|---|
| 30 days | +9.1% | +6.3% | +2.8% | 2025-05-30 |
| 90 days | +3.9% | +14.9% | -11.0% | 2025-07-29 |
| 180 days | -5.7% | +24.3% | -30.0% | 2025-10-27 |
Return from the last close before the filing date to the first close on/after the window end. Pending windows have not fully elapsed. Past performance says nothing certain about the future.
90 days before the flag: 2 insiders sold $1K (2 sales, 1 without a usable price)
30 days after: none reported.
| Date | Insider | Type | Shares | Price | Value | 10b5-1 plan | Source |
|---|---|---|---|---|---|---|---|
| 2025-02-18 | Foreman Jay B (+1 joint filer) Director | Sale | 5,494 | n/a | n/a | no | Form 4 |
| 2025-02-18 | Stingray Group Inc. (+1 joint filer) Former 10% Owner | Sale | 5,494 | $0.26 | $1K | no | Form 4 |
| 2025-04-30: red flag filed | |||||||
Open-market purchases and sales (Form 4 codes P and S) by officers, directors and 10% owners, by transaction date, from 2025-01-30 to 2025-05-30. Excludes option exercises, grants, gifts and tax withholding. Amended filings replace the originals; joint filings count once. Foreign private issuers do not file Form 4. Many insider sales are pre-scheduled (10b5-1 plans) and are not by themselves a sign of wrongdoing.
"4.01 Changes in Registrant's Certifying Accountant Effective April 25, 2025, Marcum LLP ("Marcum") resigned as the independent registered accounting firm for Algorhythm Holdings, Inc."
Quoted from the filing. Source
The company changed its outside auditor (8-K Item 4.01). A dismissal or resignation, especially near an annual report or with reported disagreements, is a warning sign. Changes caused by audit firms merging are usually routine.
Type: resigned
Disagreements reported: no
Former auditor: Marcum LLP · New auditor: CBIZ CPAs P.C.
Why this score: auditor resigned; also within 90 days: Going-concern doubt
Read the original filing on SEC.gov →
Not investment advice. Automated summary; verify against the filing.
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