Sichenzia Ross Ference Carmel LLP Represents Algorhythm Holdings, Inc. in a $2.0 Million Private Placement

Press Release – New York, NY – October 31, 2024 – Sichenzia Ross Ference Carmel LLP announced today that it represented Algorhythm Holdings, Inc. (NASDAQ: RIME), an AI-driven technology and consumer electronics holding company, in a $2,000,000 private placement of notes and shares of common stock.

The investment is in the form of Original Issue Discount Senior Secured Notes and shares of Common Stock, resulting in proceeds before expenses to Algorhythm of $2.0 million.

Univest Securities LLC acted as the exclusive placement agent for the private placement.

The Sichenzia Ross Ference Carmel LLP team was led by partners Gregory Sichenzia, Marcelle Balcombe, associates Mayank Pradhan, Soumya Cheedi and senior paralegal Raquel Vazquez.