Algorhythm Holdings (RIME) Announces Pricing of $9.5 Million Public Offering

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

December 5, 2024 8:45 AM EST

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.

The offering is comprised of 55,882,353 shares of the Companys common stock (or pre-funded warrants in lieu of shares of common stock). Each share of common stock or pre-funded... More