Algorhythm Holdings, Inc.
For the period ended Jun 30, 2025. Filed Aug 19, 2025.
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Jun 30, 2025 · Filed Aug 19, 2025
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Legal Proceedings
Item 1. Legal Proceedings
On February 11, 2025, Blue Yonder filed a civil action in the Superior Court of the State of Arizona against the Company for breach of contract and to enforce a stipulated judgment entered against SemiCab, Inc. in connection with the liabilities related to Blue Yonder that the Company assumed when it acquired SemiCab, Inc.’s business. Blue Yonder alleges that, because the Company assumed these liabilities, Blue Yonder can enforce the judgment against the Company. The judgement was in the amount of $509,119. On August 1, 2025, the Company filed an answer to the complaint and counterclaims against Blue Yonder for breach of contract. The outcome of this matter is uncertain.
There were no other material changes to the disclosures made in Part I – Item 3. Legal Proceedings of our Annual Report on Form 10-K for our fiscal year ended December 31, 2024 and Part II – Other Information – Item 1. Leal Proceedings of our Quarterly Report on Form 10-Q for our fiscal quarter ended March 31, 2025 regarding these matters.
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