Algorhythm Holdings Inc

Earnings data Q3 2024

Earnings data Q4 2024

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Algorhythm Holdings, Inc. engages in the development, marketing, and sale of consumer karaoke audio equipment, accessories and musical recordings. Its portfolio of owned and licensed brands and products are organized into the following categories: Karaoke, Licensed Products, Microphones and Accessories, Singing Machine Kids Youth Electronics and Music Subscriptions. The company was founded by Eddie Steele in 1982 and is headquartered in Fort Lauderdale, FL.

Fort Lauderdale, FL, Dec. 23, 2024 (GLOBE NEWSWIRE) -- Algorhythm Holdings, Inc. (“Algorhythm” or the “Company”) (NASDAQ: RIME) – an AI technology and consumer electronics holding company, announced it will pause new capital raising activities for the next six months. In light of the Company's current cash position, combined with a comprehensive assessment of the current market environment and our business operations, our management team has decided to suspend seeking out any new financing plans for the next six months. During this period, the Company will not seek new investments including transactions like an “At-the-Market” (ATM) offering or usage of the Company's Shelf registration statement.

Algorhythm Holdings Announces a Pause on Capital Raising Activities

New York, Dec. 18, 2024 (GLOBE NEWSWIRE) -- Univest Securities, LLC (“Univest”), a member of FINRA and SIPC, and a full-service investment bank and securities broker-dealer firm based in New York, today announced the closing of registered direct offering (the “Offering”) of approximately $2 million for its client Algorhythm Holdings, Inc. (NASDAQ: RIME) (the “Company”), an AI-driven technology and consumer electronics holding company.

Univest Securities, LLC Announces Closing of $2 Million Registered Direct Offering for its Client Algorhythm Holdings, Inc. (NASDAQ: RIME)

Fort Lauderdale, FL, Dec. 17, 2024 (GLOBE NEWSWIRE) -- Algorhythm Holdings, Inc. (Nasdaq: RIME) (“Algorhythm” or the “Company”), an AI-driven technology and consumer electronics holding company today announced that it has entered into a definitive agreement with several investors for the purchase and sale of an aggregate of 24,067,388 of the Company's common stock, par value $0.01 per share (the “Common Stock”) at a purchase price of 0.0831 per share in a registered direct offering priced at-the-market under Nasdaq rules.

Algorhythm Holdings, Inc. Announces $2 Million Registered Direct Offering

New York, Dec. 06, 2024 (GLOBE NEWSWIRE) -- Univest Securities, LLC (“Univest”), a member of FINRA and SIPC, and a full-service investment bank and securities broker-dealer firm based in New York, today announced the closing of public offering (the “Offering”) of approximately $9.5 million for its client Algorhythm Holdings, Inc. (NASDAQ: RIME) (the “Company”), an AI-driven technology and consumer electronics holding company.

Univest Securities, LLC Announces Closing of $9.5 Million Public Offering for its Client Algorhythm Holdings, Inc. (NASDAQ: RIME)

Fort Lauderdale, FL, Dec. 06, 2024 (GLOBE NEWSWIRE) -- Algorhythm Holdings, Inc. (“Algorhythm” or the “Company”) (NASDAQ: RIME), an AI-driven technology and consumer electronics holding company, announced today the closing of its previously announced public offering with gross proceeds to the Company of approximately $9.5 million, before deducting placement agent fees and other estimated expenses payable by the Company.

Algorhythm Holdings, Inc. Announces Closing of $9.5 Million Public Offering

Fort Lauderdale, FL, Dec. 05, 2024 (GLOBE NEWSWIRE) -- Algorhythm Holdings, Inc. (“Algorhythm” or the “Company”) (NASDAQ: RIME), an AI-driven technology and consumer electronics holding company, announced it has priced a public offering with gross proceeds to the Company expected to be approximately $9.5 million, before deducting placement agent fees and other estimated expenses payable by the Company.

Algorhythm Holdings, Inc. Announces Pricing of $9.5 Million Public Offering

Karaoke partnership will provide fully-featured karaoke microphones and a major update to Stingray Karaoke  for BYD Vehicles Globally

Singing Machine and Stingray Announce Karaoke Microphone Partnership with BYD

Karaoke partnership will provide fully-featured karaoke microphones and a major update to Stingray Karaoke for BYD Vehicles Globally Karaoke partnership will provide fully-featured karaoke microphones and a major update to Stingray Karaoke for BYD Vehicles Globally

Singing Machine and Stingray Announce Karaoke Microphone Partnership with BYD

Apollo Tyres, Ltd Awards SemiCab Scalable Pilot Contract for Transportation Services in India Fort Lauderdale, FL, Oct. 17, 2024 (GLOBE NEWSWIRE) -- Algorhythm Holdings, Inc. (“Algorhythm”) (NASDAQ: RIME), an AI-driven technology and consumer electronics holding company, announced today that SemiCab, Inc.'s subsidiary, SMCB Private Solutions Limited (“SemiCab India”), has entered into a master service agreement (MSA) with Apollo Tyres, Ltd. (“Apollo”), India's largest tire manufacturer.

SemiCab Wins Contract with Apollo Tyres, $3 Billion Global Tire Manufacturer, for New Indian Commercial Pilot

Multinational Consumer Goods Company Enters into a Commercially Scalable Pilot with SemiCab Serving the Indian Market

SemiCab Wins Major New Contract with $10 Billion Indian Consumer Packaged Goods Company for New Pilot in India

Global Beverage, Food & Snack Company Enters into a Strategic Initiative with SemiCab, Largest US Customer to Date Fort Lauderdale, FL, Oct. 07, 2024 (GLOBE NEWSWIRE) -- Algorhythm Holdings, Inc. (“Algorhythm”) (NASDAQ: RIME), an AI-driven technology and consumer electronics holding company, today announced that it has been awarded a service contract with a leading global beverage, food, and snack company. Under the agreement, Algorhythm's subsidiary, SemiCab Holdings, LLC (“SemiCab”), will provide enterprise-level shipping services through its AI-powered software platform, focusing on reducing empty truck miles.

SemiCab Wins Contract with $200 Billion Global Consumer Packaged Goods Company for New US Pilot

Fort Lauderdale, FL, Sept. 20, 2024 (GLOBE NEWSWIRE) -- Algorhythm Holdings, Inc. (“Algorythm”) (NASDAQ: RIME) – an AI technology and consumer electronics holding company, announced today that management is participating in the iAccess Alpha Buyside Best Ideas Fall Conference 2024 on September 24 and 25, 2024. On behalf of the company CEO Gary Atkinson, will deliver a company presentation at 3:00PM ET on September 24, and host one-on-one meetings the following day, September 25.

Algorhythm Holdings to Participate in the iAccess Alpha Buyside Best Ideas Fall Conference 2024 on September 24 and 25, 2024

News for Algorhythm Holdings Inc Stock (RIME)