Algorhythm Holdings Secures $10.36 Million 3-Year Pre-Paid Equity Financing at 9% From Streeterville

NodeGuardian · 2026-02-27T13:33:30+00:00

Algorhythm Holdings has obtained a $10.36 million pre-paid equity financing from Streeterville Capital, featuring a 9% interest rate and an $855,000 discount, yielding $9.5 million in funds, secured by a cash reserve and subsidiary guaranty.

NodeGuardian

2026-02-27 13:33:30

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Algorhythm Holdings has secured a $10.36 million 3-year pre-paid equity financing deal with Streeterville Capital to support its operations and growth. The financing carries a 9% annual interest rate and an $855,000 original issue discount, resulting in $9.5 million in proceeds. This agreement is secured by a DACA cash reserve and a subsidiary guaranty.

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