Algorhythm Holdings repays approximately $2 million in debt
RIME•Algorhythm Holdings repaid approximately $2 million of senior, secured convertible debt, reducing its convertible debt balance by 20%. The voluntary prepayment is part of a broader plan to retire or refinance all convertible securities.
1. Debt repayment
Algorhythm Holdings repaid approximately $2 million of senior, secured convertible debt, reducing its convertible debt balance by 20%. The company said the voluntary prepayment is part of a broader plan to retire or refinance all convertible securities and strengthen its balance sheet.
