Algorhythm Holdings Gets Additional $9.5M Under Current $20M Financing Facility

-14.38% Post

Algorhythm Holdings, Inc.

RIME

1.37

1.42

-14.38%

+3.65% Post

Algorhythm Holdings, Inc. ("Algorhythm") (NASDAQ: RIME) – a leading AI technology company, today announced it has received an additional $9.5 million under its existing $20 million financing facility, bringing total capital raised under the facility to $19.5 million.

At completion of this new funding, Algorhythm reported approximately $12.5 million in cash on hand, providing ample capital to support the continued expansion of its SemiCab platform in India, the U.S., and other international markets.

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