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Algorhythm Holdings Announces a Pause on Capital Raising Activities
RIMEAlgorhythm Holdings Inc.(RIME) Newsfilter·2024-12-23 20:30

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 nex ...