Singing Machine enters ATM equity offering for up to $1.08M

Algorhythm Holdings, Inc.

Entered Sales Agreement with Ascendiant Capital Markets to sell up to $1,080,000 of common stock via ATM offering.
Shares sold from time to time under Rule 415; proceeds used for general corporate purposes.
Prospectus supplement filed June 27, 2024; shelf registration effective since January 2023.
Agent uses commercially reasonable efforts; Company sets parameters including minimum price and volume limits.
Either party may terminate the agreement on written notice; no minimum offering amount required.

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