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Singing Machine Company ( (MICS) ) has issued an announcement.
Algorhythm Holdings, Inc., formerly known as The Singing Machine Company, Inc., is rebranding to reflect its expanded business model and growth strategy, particularly after acquiring SemiCab, an AI technology firm in logistics. The company’s stock will transition from trading under the ticker “MICS” to “RIME” on Nasdaq starting September 9, 2024. This strategic move aims to leverage Algorhythm’s legacy in consumer karaoke products while scaling its AI logistics operations, providing flexibility and potential for unlocking future value across its diverse business units.
Find detailed analytics on MICS stock on TipRanks’ Stock Analysis page.