okebet99 Fort Lauderdale, FL, Dec. 06, 2024 (GLOBE NEWSWIRE) -- Algorhythm Holdings, Inc. (“Algorhythm” or the “Company”) (NASDAQ: RIME), an AI-driven technology and consumer electronics holding company, announced today the closing of its previously announced public offering with gross proceeds to the Company of approximately $9.5 million, before deducting placement agent fees and other estimated expenses payable by the Company. The offering comprised of 55,882,352 shares of the Company’s common stock (or pre-funded warrants in lieu of shares of common stock). Each share of common stock or pre-funded warrant was sold with one Series A Warrant to purchase one share of common stock at an exercise price of $0.17 per share (the “Series A Warrants”) and one Series B Warrant to purchase one share of common stock at an exercise price of $0.34 per share (the “Series B Warrants” and, together with the Series A Warrants, the “Warrants”). The Warrants will become exercisable upon the approval of the Company’s stockholders of the issuance of the shares of common stock issuable upon exercise of the Warrants, and certain other provisions of the Warrants. The Series A Warrants will expire on the five-year anniversary of its initial exercise date and the Series B Warrants will expire on the two and one-half-year anniversary of its initial exercise date. The purchase price of each share of common stock and accompanying Warrants was $0.17, and the purchase price of each pre-funded warrant and accompanying Warrants was such price minus $0.01. The Company intends to use the net proceeds from this offering for working capital and other general corporate purposes, and for repayment of certain outstanding senior secured notes of the Company. Univest Securities, LLC is acting as sole placement agent for the offering. The securities described above are being offered by the Company pursuant to a registration statement on Form S-1 (File No. 333283178) (the “Registration Statement”) previously filed and declared effective by the Securities and Exchange Commission (the “SEC”). This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or jurisdiction. The offering is being made only by means of a prospectus which is a part of the Registration Statement. A final prospectus relating to the offering has been filed with the SEC and is available on the SEC’s website at www.sec.gov . Electronic copies of the final prospectus relating to this offering may be obtained, when available, by contacting Univest Securities, LLC at info@univest.us , or by calling +1 (212) 343-8888. About Algorhythm Holdings Algorhythm Holdings, Inc. is a holding company with two primary investments. First, the Company owns SemiCab Holdings, an emerging leader in the AI-enabled global logistics industry. Second, the Company owns The Singing Machine Company, the worldwide leader in the consumer karaoke industry. SemiCab is a cloud-based Collaborative Transportation Platform built to achieve the scalability required to predict and optimize millions of loads and hundreds of thousands of trucks. To orchestrate collaboration across manufacturers, retailers, distributors, and their carriers, SemiCab uses real-time data from API-based load tendering and pre-built integrations with TMS and ELD partners. To build fully loaded round trips, SemiCab uses AI/ML predictions and advanced predictive optimization models. On the SemiCab platform, shippers pay less and carriers make more while not having to change a thing. Since 2020, SemiCab has enabled major retailers, brands and transportation providers to address these common supply-chain problems globally. SemiCab's Orchestrated Collaboration TM AI model has proven to increase transportation capacity, improve asset utilization, reduce empty miles, lower logistics costs, and provide visibility into the entire transportation network. Models show the technology has the capability of saving shippers tens of billions of dollars annually through optimization. Further, SemiCab’s technology also has the potential to play a key role in the improved sustainability model globally. Based on its proven ability to improve truck utilization rates from 65% to over 90%, this results in a dramatic reduction in the carbon footprint of the industry. The optimization of existing truck utilization can add approximately 30% more trucking capacity without adding more trucks, drivers or driven miles which addresses common problems plaguing the industry like severe driver shortage and road congestion. Trucking optimization could also eliminate approximately 25% of CO2 emissions attributable to road freight. For additional information regarding SemiCab: http://www.semicab.com The Singing Machine Company, Inc. is the worldwide leader in consumer karaoke products. Based in Fort Lauderdale, Florida, and founded over forty years ago, the Company designs and distributes the industry's widest assortment of at-home and in-car karaoke entertainment products. Their portfolio is marketed under both proprietary brands and popular licenses, including Carpool Karaoke and Sesame Street. Singing Machine products incorporate the latest technology and provide access to over 100,000 songs for streaming through its mobile app and select WiFi-capable products and is also developing the world’s first globally available, fully integrated in-car karaoke system. The Company also has a new philanthropic initiative, CARE-eoke by Singing Machine , to focus on the social impact of karaoke for children and adults of all ages who would benefit from singing. Their products are sold in over 25,000 locations worldwide, including Amazon, Costco, Sam’s Club, Target, and Walmart. To learn more, go to www.singingmachine.com . Investor Relations Contact: investors@algoholdings.com www.algoholdings.com Forward Looking Statements This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which statements are subject to considerable risks and uncertainties. The Company intends such forward-looking statements to be covered by the safe harbor provisions contained in the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical facts included in this press release, including statements about our beliefs and expectations, are "forward-looking statements" and should be evaluated as such. Forward-looking statements may be identified by words such as “anticipates,” “believes,” “estimates,” “expects,” “intends,” “may,” “plans,” “projects,” “seeks,” “should,” “suggest”, “will,” and similar expressions. Forward-looking statements in this press release include, without limitation, statements relating to the timing, size and expected gross proceeds of the Offering, the completion of the Offering, the satisfaction of customary closing conditions related to the Offering and sale of securities, the Company’s ability to complete the Offering, and the intended use of proceeds from the Offering. The Company has based these forward-looking statements on its current expectations and projections about future events. Forward-looking statements are subject to and involve risks, uncertainties, and assumptions that may cause the Company’s actual results, performance or achievements to be materially different from any future results, performance or achievements predicted, assumed or implied by such forward-looking statements, including, without limitation, risks, uncertainties and assumptions related to market conditions and the satisfaction of closing conditions related to the Offering, risks disclosed in the section titled “Risk Factors” included in the Registration Statement on Form S-1 initially filed with the SEC on November 12, 2024, and risks disclosed under item 1A. “Risk Factors” in the Company’s most recently filed Form 10-KT filed with the SEC and the Company’s Quarterly Reports on Form 10-Q. This press release speaks as of the date indicated above. The Company undertakes no obligation and expressly disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law.Stock market today: Dow jumps 426 points as stocks end the week higher amid risk-on rally

Before leaving office in January, President Joe Biden can still do much to bolster Ukraine’s security, and our own. The need for greater U.S. aid is obvious from reports from the war zone. Last month, Russia’s all-out war against Ukraine crossed the 1,000-day mark. And just as it has since the first day of its invasion, the Russian military this past week relentlessly bombed not only Ukrainian army positions along the 600-mile front, but also houses, clinics, schools, power plants and factories all across Ukraine. You’ve seen footage of the utter destruction in Gaza from bombing campaigns: Imagine that on a scale of Texas, and you’ll have a sense of Ukrainians’ daily life. The attacks keep coming. In just one night last week, Russia launched a barrage of 188 missiles and drones aimed at 17 regions of Ukraine. The Kremlin also keeps waging disinformation. It has grossly misrepresented that overnight blitz as a “response” to new Western aid and made overblown claims about Russia’s experimental ballistic missile, the Oreshnik, that hit Ukraine’s major industrial city of Dnipro a few days earlier. And Ukraine is reporting a spike in the number of prisoners of war being murdered by Russians — dozens of cases alleged in recent months, including 16 said to have been shot immediately after they surrendered. Despite being often outmanned and outgunned, Ukrainian forces, with support from the U.S. and Europe, repelled most of the infantry assaults this past week — 150 to 220 skirmishes each day. While ceding some territory here and there, they inflicted punishing losses on Russia. The Ukrainian people are unbowed. Defying destruction and trauma, they continue to cherish and defend what Russia threatens to take away: About 85% of 418 respondents in my tracking poll in October with Ukraine’s Academy of Sciences Institute of Sociology said democracy and free speech are important to them. More than 80% said Ukraine will win the war. Around 90% said they will not compromise on Ukraine’s independence. But change and uncertainty are in the air. In November, Russia gained territory in Ukraine faster than at any time since the early months of its full-scale invasion. Ukraine failed to get enough support from its allies to counter Russia’s devastating guided glide bombs. In contrast, Russia got unprecedented assistance from North Korea, with an estimated 5 million artillery shells, 100 ballistic missiles and 11,000 troops sent into battle to counter Ukraine’s diversionary advance into Russia’s Kursk province. And the Kremlin is reaching out for more elsewhere, including to Houthis in Yemen and to the Taliban, with Moscow now set to remove that group from its list of terrorists. Russia’s economy is on a war footing and has grown more than twice as fast as the euro area over the last year despite Western sanctions. In other words, Ukraine needs much more help to protect its sovereignty and hold the line against Russian expansionism. Biden’s recent authorization for U.S.-supplied missiles to be used against targets in Russia has already enabled Ukraine to seriously damage an air base, an army base, a command hub, a powerful anti-aircraft complex, and a major refinery and fuel depot that were sustaining Russia’s offensive. The first approved deliveries of U.S. antipersonnel land mines will help the beleaguered Ukrainian forces retain control of vital strongholds. The next priority for the U.S. in the remainder of Biden’s term is to get the biggest bang possible out of the $6 billion that’s congressionally authorized to support Ukraine. If the U.S. would supply Ukraine with about half of the 500 newly manufactured missiles in the American arsenal, Kyiv could deliver deadly blows to most of 200 military facilities within range that directly uphold the Russian offensive. (So far, the U.S. has given Ukraine just 50 of these long-range missiles, known as the Army Tactical Missile Systems.) With three additional air defense systems, known as Patriot batteries, Ukraine can close vulnerabilities in its air defenses and even resume effectively targeting Russia’s glide-bomb-carrying aircraft. If the U.S. would supply Ukraine with just one of the Terminal High-Altitude Air Defense batteries that we keep in reserve for contingency operations — the same technology being sent to Israel to counter Iranian missiles— Kyiv could take the sting out of Moscow’s longer-range ballistic missile threats. Such strong actions taken in the next two months would also help the incoming Trump administration safeguard America’s strategic interests for years to come. Already, the president-elect has appointed Keith Kellogg, a retired Army general, to bring the Russia-Ukraine war to an end. Kellogg’s plan is to use threats and inducements to get both sides to agree to a ceasefire along the current front lines. A hardened soldier and clear-eyed realist with a lifetime experience of great-power conflicts, the general is likely to learn quickly that Russian President Vladimir Putin will not settle for controlling one-fifth of Ukraine; the Kremlin wants to get Ukraine and the West to capitulate. That would make Donald Trump look weak. After a new administration has been so publicly defeated, any deal with any nation on any issue will become much costlier and harder to achieve in the remainder of Trump’s four years. To avoid this fiasco, Trump and his team will have to work out bolder and more effective ways to support Ukraine until Moscow has no choice but to accept a negotiated settlement with Ukraine’s security guarantees. Even if Trump’s priority is to end the war quickly, it would be dangerous to do that by pressuring Ukraine through diminished aid; the only hope for a lasting peace that preserves U.S. standing would come through pressuring Russia. Biden has a key role to play at this crucial juncture. The more boldly he can back Kyiv while still in office, the greater Ukraine’s chances of surviving as a free nation and the greater America’s chances of remaining the reigning superpower. Mikhail Alexseev, a professor of international relations at San Diego State University, is the author of “Without Warning: Threat Assessment, Intelligence, and Global Struggle” and principal investigator of the War, Democracy and Society project funded by the National Science Foundation. He wrote this column for the Los Angeles Times. Related ArticlesIncumbent centre-right in ‘driving seat’ in Irish voteSingapore ranked fifth for "World Best Cities", according to a new report compiled by marketing consultancy Resonance in collaboration with market research company Ipsos. Aside from Tokyo, which ranks fourth, no other cities from Asia are among the top 10. The report breaks down their rating into three criteria – livability, lovability and prosperity – to assess over 270 cities worldwide. Singapore scored fifth for prosperity, eighth for livability and tenth for lovability. "Emerging from its origins as a free-spirited trading port, Singapore has undergone a remarkable transformation to emerge as one of Asia’s most modern, well-organised and captivating urban centres. With dining and shopping to match," the report stated. "Livability" According to the report, "livability" refers to the perceived quality of a city's natural and built environments. This includes how much of an urban area is dedicated to green space, how bike-friendly its streets are and how many quality parks, sights, neighbourhoods and landmarks are recommended online by locals and visitors. Key socioeconomic factors were also looked at, such as the affordability of monthly rent and the cost of living. The report highlighted that Singapore scored well in the "biking" category. Projects like the Great Southern Waterfront and NS Square have also been cited in the report and lauded as a plan to develop vibrant community spaces, bolstering Singapore’s "already impressive" livability. "Lovability" Lovability refers to a place's vibrancy and quality in terms of culture, dining and nightlife compared to other cities, according to the report. Singapore ranks 12th globally for shopping and 19th in the restaurants category. It described the "glitzy malls“ of Orchard Road as "teeming with haute couture and international brands" and that the "iconic 24-hour Mustafa Centre, selling everything from electronics to spices, retail is both a daily habit and an art form". For dining, it described Singapore's culinary diversity, from hawker centres renowned for "Michelin-starred street food" to "upscale dining establishments serving dishes like spicy white pepper crab". "Prosperity" The report describes "prosperity" as human capital, innovation ecosystem, business infrastructure and quality of regional universities and technical colleges. Singapore places in the 5th for the GDP per capita subcategory. The report also describes Singapore as a key technology hub in Southeast Asia, attracting notable investment from global tech giants. The report also notes Singapore's expansion of Changi Aviation Park, development of Changi East Industrial Zone, and the upcoming mega port in Tuas, which are testaments to Singapore's strategic positioning and focus on logistical efficiency and forward-thinking urban planning. The country's efforts in pursuing sustainable living were also mentioned, pointing towards plans for more green areas, smart urban districts and developments. You can find the full report here . Top photo via Unsplash

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CORAL GABLES, Fla. (AP) — RJ Johnson scored 23 points, including the go-ahead 3-pointer in the final minute, Daylen Berry added two clutch free throws and Charleston Southern surprised Miami 83-79 on Saturday. The Buccaneers led for the last four minutes of the first half and deep into the second half before a 3-pointer from Austin Swartz gave Miami a 76-75 lead with 3 minutes left in the game. A three-point play by Lynn Kidd gave the Hurricanes a 79-75 lead with 2:11 remaining. Javascript is required for you to be able to read premium content. Please enable it in your browser settings. Get updates and player profiles ahead of Friday's high school games, plus a recap Saturday with stories, photos, video Frequency: Seasonal Twice a weekAn archbishop's knock formally restores Notre Dame to life as winds howl and heads of state look on

Futuristic central processor unit. Powerful Quantum CPU on PCB motherboard with data transfers. For a while now, there’s been a lot of talk about export controls in the semiconductor industry – but now it seems like the single largest U.S. tech company by market cap, Nvidia, is likely to end up on the Biden administration’s naughty list, just in time for Christmas. This month, the industry is seeing a flurry of reports about enhanced regulatory controls of U.S. chipmakers selling products to China – with Nvidia mentioned by name. Specifically, the Biden administration has asked Nvidia to look into how its chips ended up in China, despite specific laws preventing such sales. In reaction to the U.S. Department of Commerce communications, Nvidia reportedly reaffirmed its commitment to export controls, and criticized a “gray market” (some would call it black) where third-party resellers can get around those rules. The company is also allegedly increasing its lobbying presence in Washington, and hiring people from the federal government, in what some say as an effort to anticipate a new regulatory environment. Forget Chrome—Google Starts Tracking All Your Devices In 8 Weeks Bitcoin Suddenly Surges Back To $100,000 On Huge $20 Trillion Price Prediction FBI Warns Gmail, Outlook, Apple Mail Users—Check 3 Things To Stop Attacks Cracking Down on International Chip Sales For a while, it was no secret that companies like Nvidia and AMD had numerous ways to make end runs around these regulations from the U.S. government. “Joe Biden's final move to stop China from racing ahead of the US in AI may be too little too late,” wrote Ashley Belanger at Ars Tecnica Dec. 2 , presumably in reference to the prior inability of the government to rein in thse kinds of sales. One example is where the companies will manufacture slightly different technology so that the chips comply with export controls. Making a lower capacity chip can allow the company to get a greenlight to ship that technology to China. Or they can simply sell to third parties and places like Singapore and Malaysia, who will then resale to the Chinese. A brand-new Biden administration change is attempting to close that particular loophole, according to Wall Street Journal reports – an executive order that is allegedly pending in the White House would limit sales of chips anywhere in the world, to stem efforts to smuggle or resell to China on the gray market. Insiders contend that U.S. chip makers are doing all they can to prevent this executive order from coming out, as explained by articles like this one from the NYT. Other Concerns In addition, the U.S. government is also wondering why American ship technology is ending up in Russian military equipment involved in the war in Ukraine. But back to Nvidia: a new antitrust investigation has chipped away at the company’s stock value, although that ticker rests at a healthy $131 and change as of press time. Meanwhile, the Chinese are announcing banning certain raw material exports to the U.S. of rare earth metals gallium and germanium. In terms of trying to enforce U.S. chip export controls, that sort of activity might be described as the biggest most intense game of Whack-a-Mole ever. Certain types of black markets are almost impossible to control, and it’s unlikely that one country, especially the U.S. where cash is king, is going to be able to gatekeep all of its private sector sales effectively. Take a look at this excerpt from a piece by Barath Harithas and Andreas Schumacher at the Center for Strategic and International Studies , where the entire essay goes over the thorny and Byzantine history of U.S. export controls over the last three years or so: “While a piece of semiconductor manufacturing equipment cannot be exported to China from U.S. factories, the same equipment produced in an overseas facility can legally be sold to an advanced logic fab in China, provided no U.S. persons are involved in its manufacturing, sale, installation, or servicing, even if the customer is on the U.S. entity list. This effectively created a backdoor in the control regime. To address this, the United States introduced a Foreign Direct Product Rule (FDPR) for semiconductor manufacturing equipment (SME). The FDPR subjects products made abroad to U.S. export restrictions if produced using U.S.-origin technology, software, or equipment. This move aims to prevent companies from circumventing restrictions by relocating production or relying on foreign facilities to supply restricted technologies to entity-listed Chinese firms.” But one thing is for sure – people with skin in the game are paying attention. They want to understand how trade control activity between the U.S. and China is going to affect the next generation of data centers and LLM applications that are having a huge impact on our businesses and our lives. In short, the technology race is heating up – and semiconductor technology is in the limelight. Keep an eye out here as I continue to look at the trends shaping the market, the geopolitical forces behind those trends, and what all of the players are doing as we get to the end of a banner year for technology.

It didn’t take much to stir Jack Eichel’s national pride in looking ahead to representing the United States at the 4 Nations Face-Off tournament. Appearing on a Team USA Zoom call on Thursday, the Vegas Golden Knights forward jumped right in when reminded how U.S. teams featuring NHL players competing in best-on-best international tournaments haven’t won a gold medal since the 1996 World Cup of Hockey series. “I’ll take it,” Eichel interjected after Bruins defenseman Charlie McAvoy apologized for not hearing the question. “I think there’s a lot to prove for us as USA Hockey,” Eichel said. “I think for a while it was Canada on a pedestal by themselves. And I think for us, we feel like we’ve closed that gap. And I think this is a great opportunity to prove that.” From the Boston area, Eichel supported his case by referring to the growing pool of American talent that’s entered the NHL though the U.S. national development program over the past decade. And that’s reflected in how a majority of the U.S. team’s 23-player roster is made up of USNDP alumni, Eichel included. “Obviously, we feel very confident in our group and the names on our roster,” Eichel said. “But that’s only half the battle. You’ve got to go out there and do it. And we’re excited for that opportunity.” The 4 Nations Face-Off was unveiled last All-Star Weekend. It splits NHL players from Canada, Finland, Sweden and the U.S. into four teams, replacing the All-Star Game format this season. Eichel’s comments came a day after the nations unveiled their entire rosters to compete in the NHL/NHL Players’ Association-backed tournament being split between Montreal and Boston and running from Feb. 12-20. Though talented, the Americans have lacked success at the senior international level. The U.S. last medaled at the world championships by winning bronze in 2021, and hasn’t placed better than third since 1960 at Squaw Valley, which also doubled as the Winter Games. The Americans’ last Olympic gold came with amateurs competing at the 1980 Lake Placid Games, since dubbed the “Miracle On Ice,” while winning silver medals with NHL players in 2002 and 2010 — both times losing to Canada. And then there was 1996, when goalie Mike Richter earned World Cup MVP honors in helping the Americans beat Canada in a decisive Game 3 of the final series. “I think we check every box there is,” McAvoy said. “I think the confidence amongst us in our group should be sky high.” The U.S. team’s brain trust, headed by Wild GM Bill Guerin and Penguins coach Mike Sullivan, prioritized experience over potential in filling out the 17 remaining roster spots. Forwards Chris Kreider, of the Rangers, and Brock Nelson, of the Islanders, are the oldest players on the team at age 33, and have extensive world championships experience. The youngest player is also the only one with Olympic experience: 22-year-old Minnesota defenseman Brock Faber, who played at the Beijing Games in 2022 when the NHL pulled out because of pandemic-related scheduling issues. They’ll go up against a talent-laden Team Canada that features forwards Connor McDavid, Sidney Crosby, Nathan MacKinnon and defenseman Cale Makar. The U.S. team is particularly strong down the middle with Eichel, Auston Matthews and Dylan Larkin. Another strength is in net with a trio led by two-time Vezina Trophy-winner Connor Hellebuyck and rounded out by Jake Oettinger and Jeremy Swayman. USA Hockey has enjoyed its most success in winning two of the past four world junior championships and six since 2004. Four Nations teammates McAvoy, Oettinger and defenseman Adam Fox were members of the U.S. team that won the 2017 world junior title. Team Canada officials also went with a veteran-laden group, featuring 14 players who have won at least one Stanley Cup title. “You can’t put a price tag on experience,” Canada and Lightning coach Jon Cooper said Thursday. “I truly believe this is a tournament where you’re basically playing three Game 7s (in the preliminary round). ... There’s no real margin for error,” he added. “This is as competitive a group as you will find. Every one of these players will lay in traffic for their country.”

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