Algorhythm Completes $4.5 Million Sale of Singing Machine Karaoke Business

Accelerated SemiCab Momentum Fuels Capital Shift Toward Growth

Fort Lauderdale, FL, Aug. 04, 2025 (GLOBE NEWSWIRE) -- Algorhythm Holdings, Inc. (“Algorhythm”) (NASDAQ: RIME), a leading AI technology and consumer electronics holding company, announced today that it has sold its Singing Machine karaoke consumer electronics business to Stingray (“Stingray”), an industry leader in music and video content distribution, business services, and advertising solutions. Under the terms of the deal, Stingray’s subsidiary, Stingray Music USA, Inc., acquired all of the assets of the Singing Machine’s karaoke business. The consideration for the purchased assets (which includes marketable inventory) was $4.5M, paid in cash and by the assumption of selected liabilities and trade payables. 

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