Algorhythm Holdings, Inc. Announces Pricing of $9.5 Million Public Offering
Algorhythm Holdings Inc.(RIME) GlobeNewswire News Room·2024-12-05 21:45
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 Company’s common stock (or pre-funded warrants in li ...