RIME

Algorhythm Holdings received a Nasdaq non-compliance notice in November 2025. SemiCab experienced contract expansions and wins from November 2025 to March 2026, including expansions with Marico, Asian Paints, Coca-Cola India, MTR Foods, and Unilever India. The company received a $9.5 million capital infusion in February 2026. SemiCab's AI platform can scale freight volumes by 300%-400% without increasing personnel and reduces empty freight miles by over 70%. News of the SemiCab platform sparked a sell-off in the broader trucking and logistics sector. Algorhythm Holdings reported a 1,367% increase in revenue to $4.4 million and a 32% reduction in net loss to $16.6 million in 2025. The company defaulted on a promissory note payment in May 2026. Algorhythm's stock price decreased by 39.3% from January 1st, 2026, to May 9, 2026.