Algorhythm Holdings ends $1.9 million CCI settlement, terminating share issuance
On September 21, 2026, Algorhythm Holdings and Continuation Capital, Inc. agreed to terminate a July 21, 2026 settlement covering liabilities with an original principal of $1,928,014 that CCI had acquired. The settlement had required the company to issue CCI up to 5,000,000 shares of common stock, so ending it removes that potential share issuance, while the company estimates about $1,418,649 of the covered balance remains due.
Key points
- Settlement agreement dated July 21, 2026 was terminated on September 21, 2026.
- The company's obligation to issue up to 5,000,000 shares to CCI, until proceeds reached 120% of the Claim Amount, is terminated.
- The company estimates a remaining balance of approximately $1,418,649 due under the liabilities covered by the settlement.
- An updated corporate presentation was furnished as Exhibit 99.1 on September 22, 2026.
The filing
Written by AI on Nov 9, 2026, 8:29 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on September 22, 2026.
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