other material
confidence high
sentiment neutral
materiality 0.70
Singing Machine increases ATM offering to $2,020,000 under amended sales agreement
Algorhythm Holdings, Inc.
- Company entered into First Amendment to At-The-Market Issuance Sales Agreement with Ascendiant Capital Markets, LLC on July 8, 2024.
- Amendment increases the aggregate offering price of common stock from $1,080,000 to $2,020,000.
- Shares will be sold through an at-the-market offering under Rule 415 of the Securities Act.
- Company will file a supplement to its prospectus supplement with the SEC reflecting the increased amount.