Algorhythm Eliminates Restrictive Series A Preferred Stock, Improving Financing and Transaction Flexibility
Company Exchanges Series A Preferred Stock for Debt, Eliminating Financing and Transaction RestrictionsNew Structure Provides Greater Flexibility to Pursue Lower-Cost Financing Alternatives. Fort Lauderdale, FL, Sept. 23, 2026 (GLOBE NEWSWIRE) -- Algorhythm Holdings, Inc. (the “Company”) (NASDAQ: RIME) – a diversified holding company that owns and operates Azure Energy, a renewable power infrastructure developer, and SemiCab, an AI-enabled logistics technology business, today announced the retirement of all ...