Singing Machine (MICS) to Acquire SemiCab
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 7/6/2026
- Dow jumps to record closing high after soft US jobs data, Nasdaq down with chip shares
- Goldman's Garrett sees investors dialing back tech exposure into H2
- AI chip winners may face tougher road ahead as hyperscalers catch up: JPM
- Oil gains on short-covering buys ahead of US holiday
- Rivian stock jumps 5% on raised delivery outlook
Singing Machine to Acquire SemiCab, a Leading AI Logistics Technology Company
June 12, 2024 7:00 AM EDTSemiCab Generated $6 Million Revenue in 2023
Fort Lauderdale, FL, June 12, 2024 (GLOBE NEWSWIRE) -- The Singing Machine Company, Inc. (Singing Machine) (NASDAQ: MICS) the worldwide leader in consumer karaoke products, today announced it has executed a definitive agreement to acquire SemiCab, Inc. (SemiCab), a leading artificial intelligence technology company that optimizes freight for Fortune 1000 clients in the US and Indian markets.
SemiCabs AI technology was developed specifically to build a hyper-efficient trucking network that operates at a 90%+ utilization level, well above the industry standard of 65%. This technology... More
