February 18, 2025 · Form 4 insider transaction
Foreman Jay B sold 5,494 shares of ALGORHYTHM HLDGS INC, a transaction worth N/A. The trade was recorded as open-market sale and disclosed on an SEC Form 4, filed 1 day after the transaction.
Pursuant to that certain Stock Repurchase Agreement, dated as of November 1, 2024, the Issuer repurchased 5,494 shares of common stock from Regalia Ventures LLC in exchange for a promissory note with a principal amount of $472,527.43 (the "Promissory Note"). Such Promissory Note bears interest at 10% per annum, such interest payable monthly, and the principal and outstanding interest under such Promissory Note shall become due and payable on demand from Regalia Ventures LLC.; Regalia Ventures, LLC is an entity wholly owned by Mr. Foreman.