Algorhythm Holdings (RIME) Announces $2 Million Registered Direct Offering
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Algorhythm Holdings, Inc. Announces $2 Million Registered Direct Offering
December 17, 2024 2:15 PM ESTFort Lauderdale, FL, Dec. 17, 2024 (GLOBE NEWSWIRE) -- Algorhythm Holdings, Inc. (Nasdaq: RIME) (Algorhythm or the Company), an AI-driven technology and consumer electronics holding company today announced that it has entered into a definitive agreement with several investors for the purchase and sale of an aggregate of 24,067,388 of the Companys common stock, par value $0.01 per share (the Common Stock) at a purchase price of 0.0831 per share in a registered direct offering priced at-the-market under Nasdaq rules.
The aggregate gross proceeds to the Company of this offering are expected to be... More
