Seasoned Technology/Logistics Sales Veteran Brings Deep US Market Expertise Ahead of New Product Launches Fort Lauderdale, FL, Oct. 13, 2025 (GLOBE NEWSWIRE) -- Algorhythm Holdings, Inc. (“Algorhythm”) (NASDAQ: RIME) – an AI technology company, today announced its subsidiary, SemiCab Holdings, LLC (“SemiCab”) has appointed Michael Silvagni as its new VP of US Sales. Michael will be responsible for managing an existing and expanding team dedicated primarily to the US market. Mr. Silvagni has more than 15 yea ...

Core Insights - Algorhythm Holdings, Inc. has appointed Scott Thorn and Kapil Gupta to its Board of Directors to enhance governance and strategic leadership as the company accelerates growth in AI-powered freight logistics [1] Group 1: Leadership Appointments - Scott Thorn brings over 20 years of experience in building and transforming businesses across various industries, currently serving as President & COO of InvitedHome, and previously co-founding Open Book Extracts, achieving a valuation exceeding $100 million [3] - Kapil Gupta has more than 25 years of experience in driving innovation and digital transformation, currently a Sr. Partner at IBM overseeing application services for U.S. public-sector clients [2] Group 2: Company Strategy and Growth - The leadership of Thorn and Gupta is expected to support Algorhythm's mission to build long-term shareholder value and transform freight logistics, particularly through the advancement of SemiCab's collaborative logistics platform [4] - SemiCab, a key focus of Algorhythm, utilizes an AI-enabled, cloud-based Collaborative Transportation Platform to optimize logistics, addressing supply-chain challenges for major retailers and transportation providers since 2020 [5]

Core Viewpoint - Premarket trading is showing notable activity with significant price movements indicating potential investment opportunities before the market opens [1] Premarket Gainers - Society Pass Incorporated (SOPA) has increased by 139% to $3.34 - Critical Metals Corp. (CRML) has risen by 79% to $14.30 - Sanmina Corporation (SANM) is up 26% at $144.61 - Palisade Bio, Inc. (PALI) has gained 25% to $2.00 - Advanced Micro Devices, Inc. (AMD) has increased by 24% to $205.07 - Odyssey Marine Exploration, Inc. (OMEX) is up 22% at $2.46 - Youxin Technology Ltd (YAAS) has risen by 21% to $3.14 - NioCorp Developments Ltd. (NB) is up 18% at $9.38 - Snow Lake Resources Ltd. (LITM) has increased by 14% to $5.66 - Plug Power Inc. (PLUG) is up 7% at $4.10 [3] Premarket Losers - Rich Sparkle Holdings Limited (ANPA) has decreased by 15% to $22.10 - CCH Holdings Ltd Ordinary Shares (CCHH) is down 15% at $3.73 - Xcel Brands, Inc. (XELB) has fallen by 14% to $2.04 - Quantum Computing Inc. (QUBT) is down 13% at $21.39 - Rent the Runway, Inc. (RENT) has decreased by 12% to $4.70 - MDJM Ltd (UOKA) is down 11% at $2.96 - CID HoldCo, Inc. (DAIC) has fallen by 9% to $2.72 - Algorhythm Holdings, Inc. (RIME) is down 9% at $2.47 - Corbus Pharmaceuticals Holdings, Inc. (CRBP) has decreased by 8% to $13.50 - Art's-Way Manufacturing Co., Inc. (ARTW) is down 7% at $2.58 [4]

REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 ALGORHYTHM HOLDINGS, INC. (Exact name of registrant as specified in its charter) | elaware | | --- | Registration No. 333-[●] UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM S-1 (State or Other Jurisdiction of Incorporation or Organization) (Primary Standard Industrial Classification Code Number) Delaware 3652 95-3795478 (I.R.S. Employer Identification No.) 6301 NW 5th Way, Suite 2900 Fort Lauderdale, FL 33309 (954) 596-100 ...

Registration No. 333-[●] UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 ALGORHYTHM HOLDINGS, INC. (Exact name of registrant as specified in its charter) | elaware | | --- | (State or Other Jurisdiction of Incorporation or Organization) (Primary Standard Industrial Classification Code Number) Delaware 3652 95-3795478 (I.R.S. Employer Identification No.) 6301 NW 5th Way, Suite 2900 Fort Lauderdale, FL 33309 (954) 596-100 ...

Core Insights - Algorhythm Holdings, Inc.'s subsidiary, SemiCab Holdings, LLC, won the Best Value Award at LogiMeet 2025, a prestigious event in the fast-moving consumer packaged goods industry [2][3] - The award reflects the effectiveness of SemiCab's AI-enabled Collaborative Transportation Platform, which has expanded its service scope by over 500% since 2023 [3] Company Overview - Algorhythm Holdings, Inc. focuses on AI technology and the development of SemiCab, which addresses global supply-chain challenges for major retailers, brands, and transportation providers [5] - SemiCab's platform utilizes real-time data and advanced predictive optimization models to enhance logistics efficiency, allowing shippers to reduce costs while increasing carrier earnings [5]

Company Overview - Algorhythm Holdings, Inc. is an AI technology holding company focused on the growth and development of its subsidiary, SemiCab, which is emerging as a leader in the global logistics and distribution industry [5] - SemiCab's AI-enabled, cloud-based Collaborative Transportation Platform addresses common supply-chain problems globally, enabling major retailers, brands, and transportation providers to optimize millions of loads and hundreds of thousands of trucks [5] Leadership Appointment - SemiCab Solutions Private Limited has appointed Vasudha Khurana as VP of Brand and Communications, who will lead the development of the brand, marketing strategies, and global go-to-market initiatives for multiple product launches [1][4] - Khurana has over 12 years of marketing and business experience, including significant roles at Google, Unilever, and PhonePe, where she helped grow the user base from 250 million to 500 million [2] Strategic Importance - The CEO of SemiCab, Ajesh Kapoor, emphasized that Khurana's expertise in brand storytelling and international marketing will be crucial for scaling SemiCab into a leading global freight technology platform [4] - The company aims to maximize truck utilization and expand its customer base, with Khurana's leadership expected to enhance client engagement and thought leadership in truckload optimization technology [4]

Core Insights - Algorhythm Holdings, Inc. announced that its subsidiary, SemiCab India, secured a supply chain finance receivables facility with Bank of America, providing access to low-cost, non-dilutive working capital [2][3] Group 1: Financial Facility Details - The facility allows SemiCab India to accelerate payment on eligible accounts receivable for services provided to its three largest global customers, which are major multinational FMCG and automotive companies in India [3] - The financing arrangement is non-dilutive, with a cost of 1% above the Indian one-year Treasury Bill rate, currently around 5.6% [3] Group 2: Strategic Importance and Growth Plans - The CEO of Algorhythm emphasized the strategic partnership's significance and the quality of capital available to SemiCab, enabling faster scaling without heavy reliance on equity financing [4] - The recent $4.4 million financing, combined with the new facility, positions the company well for growth into 2026, with plans to expand client-driven financing solutions [4] Group 3: Company Overview - Algorhythm Holdings focuses on the growth of SemiCab, which addresses global supply chain challenges through its AI-enabled, cloud-based Collaborative Transportation Platform [5] - SemiCab's platform utilizes real-time data and advanced predictive optimization models to enhance logistics efficiency, benefiting both shippers and carriers [5]

Company Overview - Algorhythm Holdings, Inc. is an AI technology holding company focused on providing AI-powered transportation solutions through its primary business unit, SemiCab [4] - SemiCab aims to optimize truck utilization, reduce empty miles, and deliver measurable efficiencies for clients in the U.S. and India [4] Business Model and Technology - SemiCab's Collaborative Transportation Platform is AI-enabled and cloud-based, designed to predict and optimize millions of loads and hundreds of thousands of trucks [5] - The platform utilizes real-time data from API-based load tendering and integrates with TMS and ELD partners to enhance collaboration among manufacturers, retailers, distributors, and carriers [5] - The AI platform allows shippers to pay less while enabling carriers to earn more without requiring operational changes [5] Upcoming Events - Gary Atkinson, the CEO of Algorhythm Holdings, will participate in the H.C. Wainwright 27th Annual Global Investment Conference from September 8–10, 2025, in New York City [1] - A presentation by Mr. Atkinson will be available via webcast for conference attendees, with on-demand access starting September 5 at 7:00 AM ET [2] - One-on-one meetings with Mr. Atkinson can be scheduled by registered conference attendees through the conference scheduling platform [3]

Core Insights - Algorhythm Holdings, Inc. has signed a master service agreement with Bajaj Electricals, a leading electronics manufacturer in India, with annual sales exceeding $560 million [1] - The agreement involves Algorhythm's subsidiary, SemiCab Holdings, providing AI-powered shipping services aimed at reducing costs and improving delivery accuracy across multiple metropolitan markets in India [2][3] - This partnership marks a significant milestone for SemiCab, as it is one of the first client mandates that bypasses the pilot phase, allowing for a quicker ramp-up and larger market share acquisition [3] Company Overview - Bajaj Electricals, founded in 1938 and based in Mumbai, is a diversified manufacturer of consumer electrical appliances, employing over 2,500 people and operating 19 offices in India [4] - The company has a wide distribution network, selling products through over 400,000 retail locations and is publicly traded on the Bombay Stock Exchange and National Stock Exchange of India [4] - Algorhythm Holdings focuses on AI technology and the development of SemiCab, which addresses supply chain challenges through its AI-enabled Collaborative Transportation Platform [5] Technology and Services - SemiCab's platform utilizes real-time data and advanced predictive optimization models to enhance logistics efficiency, enabling fully loaded round trips for shippers and carriers [5] - The AI-powered software aims to reduce service costs, improve delivery accuracy, and eliminate empty miles in transportation [2][5] - The partnership with Bajaj Electricals is expected to enhance SemiCab's ability to attract more clients in the rapidly growing Indian market [3]