Singing Machine rebrands to Algorhythm Holdings; ticker changes to RIME

Algorhythm Holdings, Inc.

Name changed from The Singing Machine Company, Inc. to Algorhythm Holdings, Inc., effective September 5, 2024.
Ticker symbol changes from MICS to RIME, effective at market open on September 9, 2024.
Rebrand follows completion of SemiCab acquisition; company now a holding company with Singing Machine and SemiCab as subsidiaries.
Legacy karaoke business to be repositioned as wholly-owned subsidiary to allow potential minority interest partners and reduce dilution.

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