Algorhythm Announces Termination Of Previously Disclosed Settlement Transaction With Continuation Capital; Avoids Issuance Of 8M+ Additional Shares To Pay Off Remaining Balance Of ~$1.4M
Algorhythm Holdings, Inc. (the "Company") (NASDAQ:RIME) – a diversified holding company that owns and operates Azure Energy, a renewable power plant developer, and SemiCab, a leading AI enabled logistics
Algorhythm stopped a deal that would have given away millions of new shares. This means the company keeps more ownership for current shareholders, though it still owes about $1.4 million.
Last session drawn · prints held ~15 minutes · licensed exchange data
Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
Disclosure: Educational and informational purposes only. Not financial advice. We educate, not advise. Market data may be delayed up to 15 minutes unless marked real-time. Past performance is not indicative of future results.