Singing Machine Announces Corporate Rebrand to Algorhythm Holdings, Inc.
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 05 2024
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Should l Buy ?
Source: Newsfilter
Company Rebranding and Acquisition: The Singing Machine Company has rebranded as Algorhythm Holdings, Inc. following its acquisition of SemiCab, an AI technology firm, to enhance its business model focused on AI-driven solutions in logistics while maintaining its karaoke product line.
Ticker Symbol Change: The company will change its ticker symbol to "RIME" effective September 9, 2024, allowing for greater flexibility in managing its subsidiaries and attracting investment opportunities.
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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.
