Algorhythm Holdings raises ~$2M via 24M-share registered direct offering at $0.0831/share

Algorhythm Holdings, Inc.

Sold 24,067,388 common shares at $0.0831 each in registered direct offering priced at-the-market.
Gross proceeds of ~$2M; net proceeds of ~$1.6M after fees and expenses.
Closng occurred December 18, 2024; proceeds intended for working capital and general corporate purposes.
Univest Securities acted as sole placement agent; cash fee equal to 8% of gross proceeds.
Offering made under existing effective shelf registration statement (File No. 333-269183).

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