Sichenzia Ross Ference Carmel LLP Represents The Singing Machine Company, Inc. in $2 Million Private Placement

Press Release – New York, NY – November 30, 2023 – Sichenzia Ross Ference Carmel LLP announced today that it represented The Singing Machine Company, Inc. (NASDAQ: MICS) (the “Company”), in a $2 Million private placement offering. The Company entered into a stock purchase agreement (the “Purchase Agreement”) with two accredited investors.

Pursuant to the Purchase Agreement, the Company sold an aggregate of 2,197,802 shares of its common stock at a price of $0.91 per share, representing a 3% premium to the closing price of the Company’s common stock on November 17, 2023.

The Singing Machine Company was the first to provide karaoke systems for home entertainment in the United States. They’re ultimately focused on the continued development of new singing-related products, and expanding their continued dominance in the entertainment industry.

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

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Sichenzia Ross Ference Carmel LLP

Sichenzia Ross Ference Carmel LLP is a full service law firm with a nationally recognized corporate, securities and litigation practice that provides experienced representation in all matters involving the securities industry. In addition to handling routine to complex commercial matters, SRFC’s renowned litigation department specializes in defending companies and individuals against all types of securities cases, including class action lawsuits, shareholder derivative actions, and matters involving allegations of fraud, misrepresentation or other securities violations. The litigation team has also brought defamation lawsuits against companies and individuals related to market manipulation. Additionally, it represents individuals and companies in investigations by the Securities and Exchange Commission (SEC) and other regulatory bodies. The litigation team has a robust practice representing brokers and broker-dealers in arbitrations before the Financial Industry Regulatory Authority (FINRA). These arbitrations typically involve claims of unsuitability, churning, unauthorized trading and other allegations of broker misconduct. Finally, SRF has a burgeoning expungement practice, where it represents brokers seeking to have negative and harmful customer complaints removed from their industry records. The firm complements its core practice areas with an established commercial real estate and trusts and estates practice.

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Sichenzia Ross Ference Carmel LLP Represents The Singing Machine Company, Inc. in $2 Million Private Placement

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