RIME

Algorhythm Holdings, Inc. (NASDAQ:RIME) is a consumer electronics company that was originally founded in 1982 as The Singing Machine Company, Inc. The company changed its name to Algorhythm Holdings in September 2024 as part of a strategic transformation from a traditional karaoke equipment manufacturer into a diversified technology holding company. Based in Fort Lauderdale, Florida, the company has historically been known for developing, marketing, and selling consumer karaoke audio equipment and accessories under various brand names including Singing Machine, Carpool Karaoke, and Party Machine. The company has recently undergone a significant strategic pivot, acquiring AI-powered freight transportation software company SemiCab and positioning itself as a technology-driven holding company rather than a single-product karaoke business.