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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