Algorhythm Holdings, Inc. (NASDAQ:RIME) Major Shareholder Milton C. Ault III Sells 35,600 Shares

Algorhythm Holdings, Inc. (NASDAQ:RIME) major shareholder Milton C. Ault III sold 35,600 shares of the firm’s stock in a transaction dated Monday, September 30th. The stock was sold at an average price of $0.49, for a total transaction of $17,444.00. Following the sale, the insider now owns 1,414,610 shares of the company’s stock, valued at $693,158.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

Algorhythm Trading Up 2.6 %

Shares of RIME traded up $0.01 during trading on Tuesday, reaching $0.48. 104,333 shares of the company traded hands, compared to its average volume of 240,635. Algorhythm Holdings, Inc. has a twelve month low of $0.35 and a twelve month high of $1.97.

Algorhythm Company Profile

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.