Algorhythm Enters Settlement Agreement With Continuation Capital For $1.93M Liabilities; To Issue Up To 5,000,000 Shares To CCI Until Proceeds Reach 120% Of Claim Amount
On July 21, 2026, Algorhythm Holdings, Inc. (the "Company") entered into a settlement agreement and stipulation (the "Settlement Agreement") with Continuation Capital, Inc., a Delaware corporation
Algorhythm settled a debt problem by agreeing to give a company called Continuation Capital millions of new shares until they receive enough money to cover what was owed plus extra. When a company issues lots of new shares, each existing share can become worth less, like slicing a pizza into more pieces.
Last session drawn · prints held ~15 minutes · licensed exchange data
Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
Disclosure: Educational and informational purposes only — not financial advice. We educate, not advise. Market data may be delayed up to 15 minutes unless marked real-time. Past performance is not indicative of future results.