[SCHEDULE 13G/A] Algorhythm Holdings, Inc. SEC Filing
Algorhythm Holdings, Inc. reporting persons 鈥� Ionic Ventures LLC, Ionic Management LLC, Brendan O'Neil and Keith Coulston 鈥� beneficially own 279,086 shares of common stock, equal to 9.9% of the class based on 2,514,571 shares outstanding as of May 14, 2025. The reported amount reflects the issuer's 1-for-200 reverse stock split and arises because warrants exercisable for up to 283,412 shares trigger a 9.99% beneficial ownership limitation (the "Blocker"), causing 279,086 of the issuable shares to be treated as beneficially owned.
The filing shows the Reporting Persons have shared voting and dispositive power over the 279,086 shares, with Ionic Management functioning as manager, and confirms the Reporting Persons have executed a joint filing agreement to file this amendment.
Gli soggetti comunicanti di Algorhythm Holdings, Inc. 鈥� Ionic Ventures LLC, Ionic Management LLC, Brendan O'Neil e Keith Coulston 鈥� detengono beneficiariamente 279,086 azioni di azioni ordinarie, pari a 9.9% della classe, sulla base di 2,514,571 azioni in circolazione al 14 maggio 2025. L'ammontare riportato riflette il raggruppamento azionario 1-per-200 della societ脿 emittente e deriva dal fatto che warrant esercitabili fino a 283,412 azioni attivano una limitazione di possesso beneficiario del 9.99% (il "Blocker"), facendo s矛 che 279,086 delle azioni emettibili siano considerate detenute beneficiariamente.
La comunicazione indica che i soggetti comunicanti hanno poteri condivisi di voto e di disposizione sulle 279,086 azioni, con Ionic Management che svolge il ruolo di manager, e conferma che i soggetti comunicanti hanno sottoscritto un accordo congiunto per presentare questa modifica.
Los sujetos declarantes de Algorhythm Holdings, Inc. 鈥� Ionic Ventures LLC, Ionic Management LLC, Brendan O'Neil y Keith Coulston 鈥� poseen beneficiariamente 279,086 acciones ordinarias, equivalentes a 9.9% de la clase, con base en 2,514,571 acciones en circulaci贸n al 14 de mayo de 2025. La cantidad informada refleja la concentraci贸n inversa de acciones 1-por-200 de la emisora y se debe a que los warrants ejercitables por hasta 283,412 acciones desencadenan una limitaci贸n de propiedad beneficiaria del 9.99% (el "Blocker"), provocando que 279,086 de las acciones susceptibles de emisi贸n se consideren pose铆das beneficiariamente.
La presentaci贸n muestra que los sujetos declarantes tienen poderes compartidos de voto y de disposici贸n sobre las 279,086 acciones, con Ionic Management actuando como gestor, y confirma que los sujetos declarantes han firmado un acuerdo conjunto para presentar esta enmienda.
Algorhythm Holdings, Inc.鞚� 鞁犼碃鞛愲摛 鈥� Ionic Ventures LLC, Ionic Management LLC, Brendan O'Neil 氚� Keith Coulston 鈥� 鞚� 279,086欤�鞚� 氤错喌欤茧ゼ 鞁れ鞝侅溂搿� 氤挫湢頃橁碃 鞛堨溂氅�, 鞚措姅 2025雲� 5鞗� 14鞚� 旮办 氚滍枆欤检嫕靾� 2,514,571欤� 欷� 9.9%鞐� 頃措嫻頃╇媹雼�. 氤搓碃霅� 靾橃箻電� 氚滍枆須岇偓鞚� 1雽�200 鞐硲頃� (reverse stock split)鞚� 氚橃榿頃� 瓴冹澊氅�, 斓滊寑 283,412欤�旯岇 頄夓偓 臧�電ロ暅 鞗岆煱韸戈皜 9.99% 鞁れ氤挫湢 頃滊弰(鞚错晿 "Blocker")毳� 齑夒皽頃橃棳 氚滍枆 臧�電ロ暅 欤检嫕 欷� 279,086欤�臧� 鞁れ氤挫湢搿� 臧勳＜霅橁赴 霑岆鞐� 氚滌儩頃╇媹雼�.
頃措嫻 鞝滌稖靹滊電� 鞁犼碃鞛愲摛鞚� Ionic Management臧� 毵る媹鞝�搿滌劀 旮半姤頃橂姅 臧�鞖措嵃 279,086欤检棎 雽�頃� 瓿惦彊鞚� 鞚橁舶甓� 氚� 觳橂秳甓�鞚� 氤挫湢頃橁碃 鞛堨潓鞚� 響滌嫓頃橂┌, 鞁犼碃鞛愲摛鞚� 鞚� 靾橃爼靹� 鞝滌稖鞚� 鞙勴暅 瓿惦彊 鞝滌稖 瓿勳暯鞚� 觳搓舶頄堨潓鞚� 頇曥澑頃╇媹雼�.
Les personnes d茅clarantes d'Algorhythm Holdings, Inc. 鈥� Ionic Ventures LLC, Ionic Management LLC, Brendan O'Neil et Keith Coulston 鈥� d茅tiennent 脿 titre b茅n茅fique 279,086 actions ordinaires, soit 9.9% de la cat茅gorie, sur la base de 2,514,571 actions en circulation au 14 mai 2025. Le montant d茅clar茅 refl猫te le r茅fractionnement invers茅 1 pour 200 de l'茅metteur et r茅sulte du fait que des bons de souscription exer莽ables pour jusqu'脿 283,412 actions d茅clenchent une limitation de d茅tention b茅n茅ficiaire de 9,99% (le "Blocker"), entra卯nant que 279,086 des actions susceptibles d'锚tre 茅mises soient consid茅r茅es comme d茅tenues 脿 titre b茅n茅ficiaire.
Le d茅p么t indique que les personnes d茅clarantes disposent d'un pouvoir de vote et d'ali茅nation partag茅 sur les 279,086 actions, Ionic Management agissant en tant que gestionnaire, et confirme que les personnes d茅clarantes ont sign茅 un accord conjoint de d茅p么t pour soumettre cet amendement.
Die meldenden Personen von Algorhythm Holdings, Inc. 鈥� Ionic Ventures LLC, Ionic Management LLC, Brendan O'Neil und Keith Coulston 鈥� besitzen wirtschaftlich 279,086 Aktien des Stammkapitals, was 9.9% der Klasse entspricht, basierend auf 2,514,571 ausstehenden Aktien zum 14. Mai 2025. Der gemeldete Betrag ber眉cksichtigt die 1-zu-200 Reverse-Aktienzusammenlegung des Emittenten und ergibt sich daraus, dass f眉r bis zu 283,412 Aktien aus眉bbaren Warrants eine wirtschaftliche Eigentumsbegrenzung von 9,99% (der "Blocker") greift, wodurch 279,086 der auszugebenden Aktien als wirtschaftlich gehalten gelten.
Die Meldung weist aus, dass die meldenden Personen 眉ber die 279,086 Aktien gemeinsame Stimm- und Verf眉gungsgewalt haben, wobei Ionic Management als Manager fungiert, und best盲tigt, dass die meldenden Personen eine gemeinsame Einreichungsvereinbarung zur Vorlage dieser Nachreichung unterzeichnet haben.
- Reporting group beneficially owns 279,086 shares, representing 9.9% of the outstanding common stock based on 2,514,571 shares
- Warrants exist for up to 283,412 shares, providing clear disclosure of potential convertible interest
- Shared voting and dispositive power is disclosed and the Reporting Persons filed under a joint filing agreement
- Warrant exercise is constrained by a 9.99% "Blocker", limiting the ability to convert warrants into a larger equity stake
- No sole voting or dispositive power is reported for any single Reporting Person, indicating control is shared rather than clearly centralized
Insights
TL;DR: Reporting group discloses a material 9.9% stake driven by warrants and a 9.99% ownership blocker; ownership is shared through managers.
The Schedule 13G/A documents that Ionic Ventures, Ionic Management, Brendan O'Neil and Keith Coulston collectively beneficially own 279,086 shares, representing 9.9% of Algorhythm's common stock on the disclosed outstanding share base of 2,514,571. That count is influenced by a 1-for-200 reverse split and by warrants exercisable for up to 283,412 shares constrained by a 9.99% blocker. The report lists no sole voting or dispositive power and instead records shared voting and disposition authority through Ionic Management, which is typical for affiliated investment structures.
TL;DR: Governance shows concentrated, shared control among related entities and managers; warrants create capped potential ownership under a 9.99% limitation.
The filing identifies a joint filing group and confirms a joint filing agreement governs disclosure. The Reporting Persons collectively exercise shared voting and dispositive power over the 279,086 shares via Ionic Management, with Brendan O'Neil and Keith Coulston named as managers with shared authority. The presence of warrants exercisable for 283,412 shares but subject to a 9.99% blocker is explicitly noted, meaning potential exercise is administratively limited and the current beneficial ownership figure reflects that limitation.
Gli soggetti comunicanti di Algorhythm Holdings, Inc. 鈥� Ionic Ventures LLC, Ionic Management LLC, Brendan O'Neil e Keith Coulston 鈥� detengono beneficiariamente 279,086 azioni di azioni ordinarie, pari a 9.9% della classe, sulla base di 2,514,571 azioni in circolazione al 14 maggio 2025. L'ammontare riportato riflette il raggruppamento azionario 1-per-200 della societ脿 emittente e deriva dal fatto che warrant esercitabili fino a 283,412 azioni attivano una limitazione di possesso beneficiario del 9.99% (il "Blocker"), facendo s矛 che 279,086 delle azioni emettibili siano considerate detenute beneficiariamente.
La comunicazione indica che i soggetti comunicanti hanno poteri condivisi di voto e di disposizione sulle 279,086 azioni, con Ionic Management che svolge il ruolo di manager, e conferma che i soggetti comunicanti hanno sottoscritto un accordo congiunto per presentare questa modifica.
Los sujetos declarantes de Algorhythm Holdings, Inc. 鈥� Ionic Ventures LLC, Ionic Management LLC, Brendan O'Neil y Keith Coulston 鈥� poseen beneficiariamente 279,086 acciones ordinarias, equivalentes a 9.9% de la clase, con base en 2,514,571 acciones en circulaci贸n al 14 de mayo de 2025. La cantidad informada refleja la concentraci贸n inversa de acciones 1-por-200 de la emisora y se debe a que los warrants ejercitables por hasta 283,412 acciones desencadenan una limitaci贸n de propiedad beneficiaria del 9.99% (el "Blocker"), provocando que 279,086 de las acciones susceptibles de emisi贸n se consideren pose铆das beneficiariamente.
La presentaci贸n muestra que los sujetos declarantes tienen poderes compartidos de voto y de disposici贸n sobre las 279,086 acciones, con Ionic Management actuando como gestor, y confirma que los sujetos declarantes han firmado un acuerdo conjunto para presentar esta enmienda.
Algorhythm Holdings, Inc.鞚� 鞁犼碃鞛愲摛 鈥� Ionic Ventures LLC, Ionic Management LLC, Brendan O'Neil 氚� Keith Coulston 鈥� 鞚� 279,086欤�鞚� 氤错喌欤茧ゼ 鞁れ鞝侅溂搿� 氤挫湢頃橁碃 鞛堨溂氅�, 鞚措姅 2025雲� 5鞗� 14鞚� 旮办 氚滍枆欤检嫕靾� 2,514,571欤� 欷� 9.9%鞐� 頃措嫻頃╇媹雼�. 氤搓碃霅� 靾橃箻電� 氚滍枆須岇偓鞚� 1雽�200 鞐硲頃� (reverse stock split)鞚� 氚橃榿頃� 瓴冹澊氅�, 斓滊寑 283,412欤�旯岇 頄夓偓 臧�電ロ暅 鞗岆煱韸戈皜 9.99% 鞁れ氤挫湢 頃滊弰(鞚错晿 "Blocker")毳� 齑夒皽頃橃棳 氚滍枆 臧�電ロ暅 欤检嫕 欷� 279,086欤�臧� 鞁れ氤挫湢搿� 臧勳＜霅橁赴 霑岆鞐� 氚滌儩頃╇媹雼�.
頃措嫻 鞝滌稖靹滊電� 鞁犼碃鞛愲摛鞚� Ionic Management臧� 毵る媹鞝�搿滌劀 旮半姤頃橂姅 臧�鞖措嵃 279,086欤检棎 雽�頃� 瓿惦彊鞚� 鞚橁舶甓� 氚� 觳橂秳甓�鞚� 氤挫湢頃橁碃 鞛堨潓鞚� 響滌嫓頃橂┌, 鞁犼碃鞛愲摛鞚� 鞚� 靾橃爼靹� 鞝滌稖鞚� 鞙勴暅 瓿惦彊 鞝滌稖 瓿勳暯鞚� 觳搓舶頄堨潓鞚� 頇曥澑頃╇媹雼�.
Les personnes d茅clarantes d'Algorhythm Holdings, Inc. 鈥� Ionic Ventures LLC, Ionic Management LLC, Brendan O'Neil et Keith Coulston 鈥� d茅tiennent 脿 titre b茅n茅fique 279,086 actions ordinaires, soit 9.9% de la cat茅gorie, sur la base de 2,514,571 actions en circulation au 14 mai 2025. Le montant d茅clar茅 refl猫te le r茅fractionnement invers茅 1 pour 200 de l'茅metteur et r茅sulte du fait que des bons de souscription exer莽ables pour jusqu'脿 283,412 actions d茅clenchent une limitation de d茅tention b茅n茅ficiaire de 9,99% (le "Blocker"), entra卯nant que 279,086 des actions susceptibles d'锚tre 茅mises soient consid茅r茅es comme d茅tenues 脿 titre b茅n茅ficiaire.
Le d茅p么t indique que les personnes d茅clarantes disposent d'un pouvoir de vote et d'ali茅nation partag茅 sur les 279,086 actions, Ionic Management agissant en tant que gestionnaire, et confirme que les personnes d茅clarantes ont sign茅 un accord conjoint de d茅p么t pour soumettre cet amendement.
Die meldenden Personen von Algorhythm Holdings, Inc. 鈥� Ionic Ventures LLC, Ionic Management LLC, Brendan O'Neil und Keith Coulston 鈥� besitzen wirtschaftlich 279,086 Aktien des Stammkapitals, was 9.9% der Klasse entspricht, basierend auf 2,514,571 ausstehenden Aktien zum 14. Mai 2025. Der gemeldete Betrag ber眉cksichtigt die 1-zu-200 Reverse-Aktienzusammenlegung des Emittenten und ergibt sich daraus, dass f眉r bis zu 283,412 Aktien aus眉bbaren Warrants eine wirtschaftliche Eigentumsbegrenzung von 9,99% (der "Blocker") greift, wodurch 279,086 der auszugebenden Aktien als wirtschaftlich gehalten gelten.
Die Meldung weist aus, dass die meldenden Personen 眉ber die 279,086 Aktien gemeinsame Stimm- und Verf眉gungsgewalt haben, wobei Ionic Management als Manager fungiert, und best盲tigt, dass die meldenden Personen eine gemeinsame Einreichungsvereinbarung zur Vorlage dieser Nachreichung unterzeichnet haben.
FAQ
How many Algorhythm (RIME) shares does the reporting group beneficially own?
Who are the Reporting Persons in the Schedule 13G/A for RIME?
Do the Reporting Persons have voting control over the disclosed shares?
What role do warrants play in the reported ownership for RIME?
Does the filing indicate an intent to change control of Algorhythm (RIME)?
