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Algorhythm Holdings Announces Possible Sale Of Or Other Strategic Alternatives For Its SemiCab AI Logistics Business

Benzinga Newsdesk

The Company previously announced that it is actively evaluating a potential business combination with a leading company operating in the rapidly growing energy infrastructure market supporting data centers. The

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RIME
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    Algorhythm Announces CEO Transition in Connection with Transformational Acquisition and Strategic Refocus

    Algorhythm Holdings (NASDAQ: RIME) announced a leadership transition, dismissing CEO Gary Atkinson after 20 years of service. The change follows the company's completion of a corporate transaction involving the acquisition of a high-growth, EBITDA-positive energy infrastructure business focused on data center power generation. A new CEO and board members have been appointed as part of the company's strategic repositioning away from its SemiCab AI logistics business.

    RIME