Algorhythm regains Nasdaq equity compliance after Q3 transactions

Algorhythm Holdings, Inc.

Sold 3,835,500 shares via ATM, net proceeds ~$2.98M through Nov 13, 2024.
Completed SemiCab acquisition July 3, 2024, issuing 641,806 shares valued at ~$738K.
Settlement of lease litigation in Sept 2024 resulted in ~$3.87M gain on lease termination.
Management believes stockholders' equity now meets Nasdaq's $2.5M minimum requirement.
Nasdaq will monitor compliance; delisting risk remains if not maintained at next periodic report.

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