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Algorhythm to Implement 1-for-200 Reverse Stock Split
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Algorhythm to Implement 1-for-200 Reverse Stock Split
Feb 5, 2025 9:38 AM

12:15 PM EST, 02/05/2025 (MT Newswires) -- Algorhythm Holdings ( RIME ) said Wednesday it would implement a 1-for-200 reverse stock split, effective Feb. 10.

The reverse split will help the company meet Nasdaq's $1 minimum bid price listing requirement, the company said.

Shares of the company fell nearly 14% in recent trading.

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