Singing Machine announces corporate rebrand to Algorhythm
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 05 2024
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Should l Buy ?
Acquisition and New Structure: The Singing Machine Company has acquired SemiCab, an AI technology firm, and rebranded as Algorhythm Holdings to focus on investments in AI-driven solutions for global industries.
Business Reorganization: The legacy karaoke business will become a wholly-owned subsidiary, allowing for greater flexibility and potential partnerships while changing the company's ticker symbol to "RIME" effective September 9, 2024.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
