Singing Machine receives Nasdaq deficiency notices for bid price and equity

Algorhythm Holdings, Inc.

Closing bid price below $1.00 for 33 consecutive days; 180-day cure period ends Feb 24, 2025.
Stockholders' equity of ($872,999) as of June 30, 2024 fails $2.5M minimum; plan due Oct 10, 2024.
No immediate delisting; if not cured, Nasdaq may grant additional 180-day period or delist.
Company considering options including reverse stock split to regain compliance.

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