Milton C. Ault III Sells 107,016 Shares of Algorhythm Holdings, Inc. (NASDAQ:RIME) Stock

Algorhythm Holdings, Inc. (NASDAQ:RIME) major shareholder Milton C. Ault III sold 107,016 shares of Algorhythm stock in a transaction dated Friday, September 27th. The shares were sold at an average price of $0.51, for a total value of $54,578.16. Following the sale, the insider now owns 1,452,984 shares of the company’s stock, valued at approximately $741,021.84. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Algorhythm Stock Up 2.6 %

Shares of NASDAQ RIME opened at $0.48 on Wednesday. Algorhythm Holdings, Inc. has a 1-year low of $0.35 and a 1-year high of $1.97.

About Algorhythm

Algorhythm Holdings, Inc, together with its subsidiaries, engages in the development, marketing, and sale of consumer karaoke audio equipment, accessories, and musical recordings in North America, Australia, the United Kingdom, Europe, and internationally. It offers karaoke products under the Singing Machine brand; licensed karaoke microphone products under the Carpool Karaoke brand; microphone and accessories, and portable Bluetooth microphones under the Party Machine brand; music entertainment singing machines for children under the brand Singing Machine Kids; connected vehicle karaoke devices; and karaoke music subscription services for the iOS and Android platforms, as well as a web-based download store and integrated streaming services for hardware.