Algorhythm Holdings (RIME) investor relations material

Company overview and business model

• Operates as an AI technology company focused on logistics and distribution through its SemiCab platform, which uses AI to optimize freight networks for retailers, brands, and transportation providers globally.

• Provides contract-based, long-haul, full truckload logistics services in India and SaaS-based logistics software in the U.S. and Europe.

• Sold its previous home karaoke business in August 2025 to focus on logistics technology.

• SemiCab platform leverages real-time data, predictive analytics, and machine learning to automate and optimize transportation networks.

Financial performance and metrics

• As of the prospectus date, 14,651,665 shares of common stock are outstanding, with up to 24,651,665 shares possible after the offering.

• The company has entered into four Pre-Paid Purchases with Streeterville for an aggregate principal amount of $19,500,000, with $21,285,000 in total obligations including discounts and expenses.

• $9,845,000 of obligations have been repaid through the issuance of 11,303,264 shares; $1,085,000 and $10,355,000 remain outstanding under the first and fourth Pre-Paid Purchases, respectively.

• Audit reports for 2024 and 2025 include a going concern warning, indicating substantial doubt about the company's ability to continue as a going concern.

Use of proceeds and capital allocation

• Will not receive any proceeds from the resale of shares by Streeterville; proceeds from Pre-Paid Purchases have already been received and are at management's discretion.

• Management has broad discretion over the use of funds received from Pre-Paid Purchases, which may be used for general corporate purposes or investments.