Algorhythm Holdings Strengthens Balance Sheet with $9.5 Million Capital Infusion, Fully Capitalized for 2026 Growth Plan
Algorhythm Holdings, Inc. (RIME)
Company Research
Source: GlobeNewswire
Funding Positions Company to Execute Global Growth Strategy for SemiCab Platform Fort Lauderdale, FL, Feb. 23, 2026 (GLOBE NEWSWIRE) -- Algorhythm Holdings, Inc. (“Algorhythm”) (NASDAQ: RIME) – a leading AI technology company, today announced it has received an additional $9.5 million under its existing $20 million financing facility, bringing total capital raised under the facility to $19.5 million. At completion of this new funding, Algorhythm reported approximately $12.5 million in cash on hand, providing ample capital to support the continued expansion of its SemiCab platform in India, the U.S., and other international markets. “We are now fully funded to execute our business plan in the US and India through 2026,” said Gary Atkinson, CEO of Algorhythm Holdings. “Our focus is singular: scaling SemiCab globally to transform truckload freight into an intelligent, optimized network.” The Company intends to deploy the proceeds to: Accelerate U.S. go-to-market efforts for the ne
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RIME
Sec Filings
- 2/23/26 - Form 8-K
- 2/17/26 - Form SCHEDULE
- 1/23/26 - Form 8-K
- RIME's page on the SEC website