Algorhythm Holdings regains compliance with Nasdaq minimum stockholders' equity rule

Algorhythm Holdings, Inc.

On Nov 22, 2024, Nasdaq notified Algorhythm Holdings it has regained compliance with Listing Rule 5550(b)(1).
Company had reported stockholders' equity below $2.5M in Q2 2024 10-Q, triggering the deficiency notice.
Compliance was achieved after submitting a plan; details described in prior Nov 13, 2024 8-K.
Company warned that failure to evidence continued compliance at next periodic report could lead to delisting proceedings.

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