SemiCab Wins Contract with $200 Billion Global Consumer Packaged Goods Company for New US Pilot
Algorhythm Holdings, Inc. (RIME)
Company Research
Source: GlobeNewswire
Global Beverage, Food & Snack Company Enters into a Strategic Initiative with SemiCab, Largest US Customer to Date Fort Lauderdale, FL, Oct. 07, 2024 (GLOBE NEWSWIRE) -- Algorhythm Holdings, Inc. (“Algorhythm”) (NASDAQ: RIME), an AI-driven technology and consumer electronics holding company, today announced that it has been awarded a service contract with a leading global beverage, food, and snack company. Under the agreement, Algorhythm’s subsidiary, SemiCab Holdings, LLC (“SemiCab”), will provide enterprise-level shipping services through its AI-powered software platform, focusing on reducing empty truck miles. The contract, commencing mid-October 2024, will initially cover multiple large metropolitan markets, with the potential to rebid for additional lanes after six months. “This is a major milestone for SemiCab,” commented Gary Atkinson, CEO of Algorhythm, the parent company of SemiCab. “This new award represents the first major new business won by SemiCab in the US since
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- Univest Securities, LLC Announces Closing of $2 Million Registered Direct Offering for its Client Algorhythm Holdings, Inc. (NASDAQ: RIME) [Yahoo! Finance]Yahoo! Finance
- Univest Securities, LLC Announces Closing of $2 Million Registered Direct Offering for its Client Algorhythm Holdings, Inc. (NASDAQ: RIME)GlobeNewswire
- Karaoke Market to Grow by USD 450.8 Million (2024-2028), Rising Popularity of Music-Related Leisure Activities Boosting Growth, AI Impact on Market Trends - Technavio [Yahoo! Finance]Yahoo! Finance
- SemiCab Wins New Pilot Program with 6th Largest Global Consumer Package Goods Company [Yahoo! Finance]Yahoo! Finance
- SemiCab Wins New Pilot Program with 6th Largest Global Consumer Package Goods CompanyGlobeNewswire
RIME
Sec Filings
- 12/19/24 - Form DEF
- 12/18/24 - Form 8-K
- 12/18/24 - Form 424B5
- RIME's page on the SEC website