Company Overview - Algorhythm Holdings, Inc. is an AI-driven technology and consumer electronics holding company with two primary investments: SemiCab Holdings and The Singing Machine Company [4] - SemiCab Holdings is an emerging leader in the AI-enabled global logistics industry, while The Singing Machine Company is the worldwide leader in consumer karaoke products [4] SemiCab Holdings - SemiCab operates a cloud-based Collaborative Transportation Platform designed to optimize logistics by predicting and managing millions of loads and hundreds of thousands of trucks [5] - The platform utilizes real-time data and AI/ML predictions to enhance transportation capacity, improve asset utilization, and reduce logistics costs, potentially saving shippers tens of billions of dollars annually [6] - SemiCab's technology can increase truck utilization rates from 65% to over 90%, significantly reducing the carbon footprint of the trucking industry and addressing issues like driver shortages and road congestion [6] The Singing Machine Company - The Singing Machine Company designs and distributes a wide range of karaoke products, marketed under proprietary brands and popular licenses, and provides access to over 100,000 songs through its mobile app [7] - The company is developing a fully integrated in-car karaoke system and has launched a philanthropic initiative, CARE-eoke, aimed at promoting the social impact of karaoke [8] - Singing Machine products are available in over 25,000 locations worldwide, including major retailers like Amazon, Costco, and Walmart [8] Upcoming Event - Algorhythm will present at the 15th Annual LD Micro Invitational Conference on April 10, 2025, at 1:30 PM ET, with one-on-one investor meetings to follow [2] - The LD Micro Invitational is a premier investor conference focused on showcasing innovative companies in the micro- and small-cap space, providing opportunities for networking and strategic dialogue [2][3]

Company Overview - Algorhythm Holdings, Inc. is an AI-driven technology and consumer electronics holding company with two primary investments: SemiCab Holdings and The Singing Machine Company [4] - SemiCab Holdings is an emerging leader in the AI-enabled global logistics industry, while The Singing Machine Company is the worldwide leader in consumer karaoke products [4] SemiCab Holdings - SemiCab operates a cloud-based Collaborative Transportation Platform designed to optimize logistics by predicting and managing millions of loads and hundreds of thousands of trucks [5] - The platform utilizes real-time data and AI/ML predictions to enhance transportation capacity, improve asset utilization, and reduce logistics costs, potentially saving shippers tens of billions of dollars annually [6] - SemiCab's technology has improved truck utilization rates from 65% to over 90%, adding approximately 30% more trucking capacity without increasing the number of trucks or drivers, addressing industry challenges like driver shortages and road congestion [6] The Singing Machine Company - The Singing Machine Company designs and distributes a wide range of karaoke products, marketed under proprietary brands and popular licenses, including Carpool Karaoke and Sesame Street [7] - The company provides access to over 100,000 songs through its mobile app and is developing a fully integrated in-car karaoke system [7] - Its products are sold in over 25,000 locations worldwide, including major retailers like Amazon, Costco, and Walmart [7] Upcoming Events - Algorhythm's management will participate in the iAccess Alpha Virtual Best Ideas Spring Investment Conference on March 25 and 26, 2025, with a presentation scheduled for March 25 at 3:00 PM ET [1][2] - A live webcast of the presentation will be available, along with a replay on the company's website [3]

Core Insights - Algorhythm Holdings, Inc. has appointed Alex Andre as Chief Financial Officer and General Counsel, who will oversee corporate finance and legal functions [1][5] - Mr. Andre brings nearly 25 years of executive management experience, having served as CFO for various high-growth companies [2][3] - The company is focused on accelerating its strategic shift into high-growth opportunities, particularly with its investment in SemiCab [5] Company Overview - Algorhythm Holdings is a holding company with two primary investments: SemiCab Holdings, an AI-enabled logistics company, and The Singing Machine Company, a leader in consumer karaoke products [6] - SemiCab operates a cloud-based Collaborative Transportation Platform that optimizes logistics and improves transportation efficiency [7] - The Singing Machine Company designs and distributes a wide range of karaoke products and has a philanthropic initiative aimed at social impact [9] SemiCab Holdings - SemiCab's technology has the potential to save shippers tens of billions of dollars annually through optimization and improve truck utilization rates from 65% to over 90% [8] - The platform addresses supply chain issues and aims to reduce CO2 emissions by approximately 25% attributable to road freight [9] Leadership Commentary - CEO Gary Atkinson expressed confidence in Mr. Andre's ability to drive growth and operational excellence within the company [5] - Mr. Andre highlighted the company's potential for aggressive growth and the importance of governance and technology in achieving this [5]

Core Insights - Algorhythm Holdings, Inc. has successfully exercised all outstanding Series B cashless warrants, which were part of a public offering that closed on December 4, 2024 [1][2] - The Series B Warrants had a strike price of $0.34 and were fully exercised by four institutional investors, eliminating them from the company's capital structure as of February 4, 2025 [2] - The CEO of Algorhythm expressed satisfaction with the completion of this capital raise, indicating that it has significantly reduced liabilities and provided sufficient capital to execute the company's business plan [3] Company Overview - Algorhythm Holdings, Inc. is a holding company with two main investments: SemiCab Holdings, a leader in AI-enabled global logistics, and The Singing Machine Company, a leader in consumer karaoke products [4] - SemiCab operates a cloud-based Collaborative Transportation Platform that optimizes logistics through AI and machine learning, addressing supply chain issues and improving transportation efficiency [5][6] - The Singing Machine Company offers a wide range of karaoke products and is developing an integrated in-car karaoke system, with a focus on social impact through its CARE-eoke initiative [7][8] Business Impact - SemiCab's technology has the potential to save shippers tens of billions of dollars annually by optimizing truck utilization and reducing logistics costs, while also improving sustainability by decreasing CO2 emissions [6] - The optimization capabilities of SemiCab can increase trucking capacity by approximately 30% without the need for additional trucks or drivers, addressing industry challenges such as driver shortages and road congestion [6]

Core Points - Algorhythm Holdings, Inc. announced a reverse stock split with a ratio of one-for-two-hundred (1:200) effective February 10, 2025, to comply with Nasdaq's minimum bid price requirement of $1.00 [2][4] - The reverse stock split will affect all issued and outstanding shares of the Common Stock, including those under equity incentive plans, and will not change stockholders' percentage interest in the Company’s equity, except for fractional shares [3][5] - Algorhythm Holdings operates two primary investments: SemiCab Holdings, a leader in AI-enabled global logistics, and The Singing Machine Company, a leader in consumer karaoke products [6][9] Algorhythm Holdings Overview - The Company is focused on AI technology and consumer electronics, with SemiCab providing a cloud-based platform that optimizes logistics and reduces costs for shippers and carriers [7][8] - SemiCab's technology has the potential to save shippers tens of billions of dollars annually and improve truck utilization rates from 65% to over 90%, significantly reducing the carbon footprint of the logistics industry [8] - The Singing Machine Company offers a wide range of karaoke products and is developing an integrated in-car karaoke system, with products available in over 25,000 locations worldwide [9]

Company Overview - Algorhythm Holdings is an AI technology and consumer electronics holding company with two primary investments: SemiCab Holdings and The Singing Machine Company [14] - The Singing Machine Company is the worldwide leader in consumer karaoke products, with a portfolio marketed under proprietary brands and popular licenses such as Carpool Karaoke and Sesame Street [9] - The Singing Machine Company designs and distributes at-home and in-car karaoke entertainment products, providing access to over 100,000 songs for streaming through its mobile app and WiFi-capable products [9] - The company has a philanthropic initiative, CARE-eoke by Singing Machine, focusing on the social impact of karaoke for children and adults [9] Partnership and Product Development - The Singing Machine has partnered with BYD Automotive to co-develop new karaoke microphones, which will be manufactured by BYD Electronics, a Tier-1 supplier to the automotive industry [3] - The partnership with BYD has resulted in innovative features such as karaoke gaming, scoring, and live pitch correction, which will be showcased at CES 2025 [2] - The company is targeting additional automotive OEMs and connected TV manufacturers for integration of its karaoke microphones into their vehicles and devices [2] - The Singing Machine's microphones are designed for close integration with karaoke content provided by Stingray, a leading music, media, and technology company [6] Product Features and Market Potential - The Singing Machine's new karaoke microphones include proprietary technological features such as real-time pitch detection, studio-quality pitch correction, and vocal enhancements [7] - The microphones are capable of customization and integration with OEM automotive and television brands, offering a scalable product category with better gross margins and a technology moat [7] - Stingray's Automotive Karaoke App includes over 100,000 licensed songs across various genres, with real-time vocal scoring technology and adaptive visual feedback [7] - Safety features include syncing scrolling lyrics on mobile devices via the Passenger App when the vehicle is in motion [7] CES 2025 and Future Plans - The Singing Machine will attend CES 2025 to showcase its next-generation karaoke microphone developed for global automotive manufacturers and television brands [12] - The company anticipates leveraging its partnership with BYD to accelerate previous partnership and joint marketing opportunities [12] - Initial orders for the new karaoke microphones are being delivered to Brazil and Europe markets, with plans to expand into more models and geographies in 2025 [13] SemiCab Overview - SemiCab is a cloud-based Collaborative Transportation Platform that uses AI/ML predictions and advanced predictive optimization models to optimize trucking logistics [8] - The platform has enabled major retailers, brands, and transportation providers to address supply-chain problems globally, increasing transportation capacity and improving asset utilization [15] - SemiCab's technology has the potential to save shippers tens of billions of dollars annually and reduce CO2 emissions attributable to road freight by approximately 25% [15]

Company Overview - Algorhythm Holdings, Inc. is a holding company with two primary investments: SemiCab Holdings, an emerging leader in the AI-enabled global logistics industry, and The Singing Machine Company, the worldwide leader in the consumer karaoke industry [7]. SemiCab Holdings - SemiCab has developed an AI model called Orchestrated Collaboration™ that enhances transportation capacity, improves asset utilization, reduces empty miles, lowers logistics costs, and provides visibility into the transportation network [2]. - The technology has the potential to save shippers tens of billions of dollars annually through optimization and can improve truck utilization rates from 65% to over 90%, significantly reducing the carbon footprint of the industry [2]. - By optimizing existing truck utilization, SemiCab can add approximately 30% more trucking capacity without increasing the number of trucks, drivers, or driven miles, addressing issues like driver shortages and road congestion [2]. - Trucking optimization could potentially eliminate around 25% of CO2 emissions associated with road freight [2]. - SemiCab operates a cloud-based Collaborative Transportation Platform that utilizes real-time data and AI/ML predictions to optimize freight movement [10]. The Singing Machine Company - The Singing Machine Company is recognized as the global leader in consumer karaoke products, offering a wide range of at-home and in-car karaoke entertainment products [5]. - The company markets its products under proprietary brands and popular licenses, including Carpool Karaoke and Sesame Street, and provides access to over 100,000 songs through its mobile app [5]. - Singing Machine products are available in over 25,000 locations worldwide, including major retailers like Amazon, Costco, and Walmart [5]. Financial Position and Future Outlook - Algorhythm announced a pause on new capital raising activities for the next six months due to its current cash position and market assessment [9]. - The company has sufficient working capital to meet customer demand and aims to utilize its AI software platform to optimize freight movement and reduce empty trucking miles [9].

Core Summary - Univest Securities, LLC successfully closed a registered direct offering of approximately $2 million for its client Algorhythm Holdings, Inc [1][3] - Algorhythm Holdings, Inc is an AI-driven technology and consumer electronics holding company listed on NASDAQ under the ticker RIME [1][8] Offering Details - Algorhythm Holdings, Inc agreed to sell 24,067,388 shares of common stock at $0.0831 per share in a registered direct offering priced at-the-market under Nasdaq rules [2] - The aggregate gross proceeds from the offering amounted to approximately $2 million [3] - Univest Securities, LLC acted as the sole placement agent for the offering [4] Regulatory Information - The securities were offered pursuant to a registration statement on Form S-3 (File No 333-269183) previously filed and declared effective by the SEC on January 20, 2023 [5] - Final prospectus supplement and accompanying prospectus describing the terms of the offering were filed with the SEC and are available on the SEC's website [5] Company Profiles - Univest Securities, LLC is a full-service investment bank and securities broker-dealer firm based in New York, providing financial services including brokerage, investment banking, and wealth management [7] - Algorhythm Holdings, Inc is a leader in applying AI to key industries, driving change and unlocking new efficiencies through AI-driven solutions [8]

Core Viewpoint - Algorhythm Holdings, Inc. announced that its subsidiary, SemiCab, has secured a pilot program with a major global consumer packaged goods producer, marking a significant milestone in the rapidly growing Indian market [2][4]. Group 1: Company Overview - Algorhythm Holdings, Inc. operates as a holding company with two main investments: SemiCab Holdings, which focuses on AI-enabled logistics, and The Singing Machine Company, a leader in consumer karaoke products [5]. - SemiCab is a cloud-based Collaborative Transportation Platform designed to optimize logistics by predicting and managing millions of loads and trucks [6]. Group 2: Pilot Program Details - The pilot program, initiated in late October, will focus on the southwestern India commercial corridor and aims to provide enterprise-level software services to SMCB Solutions Private Limited [2][3]. - SemiCab India will handle cargo for the new client, offering scalable lane services without financial or geographical limitations, contingent on mutual consent [3]. Group 3: Market Impact and Future Potential - The CEO of Algorhythm highlighted the significance of this partnership, noting it as the tenth collaboration with the National Digital Freight Exchange, indicating strong market interest [4]. - The pilot relationships are expected to scale significantly within 12 months, with the potential for substantial cost savings and operational efficiencies for clients [4]. - SemiCab's technology has demonstrated the ability to improve truck utilization rates from 65% to over 90%, potentially saving shippers tens of billions of dollars annually and significantly reducing CO2 emissions from road freight [7].

SemiCab India Acquires New Client for Pilot Program Fort Lauderdale, FL, Dec. 18, 2024 (GLOBE NEWSWIRE) -- Algorhythm Holdings, Inc. (NASDAQ: RIME) (“Algorhythm” or the “Company”), an AI technology and consumer electronics holding company, today announced that its subsidiary, SemiCab Holdings, LLC (“SemiCab”), has been awarded a commercially scalable pilot program with the world’s sixth-largest global consumer packaged goods (CPG) producer. The new freight business, launched as a proof-of-concept initiativ ...