Algorhythm’s CEO Andrew Thompson Issues Shareholder Update Outlining Strategic Vision

* SemiCab Initiatives Focused on Near-Term Break-Even Operations and Strategic Partnerships * Newly Acquired Azure Energy Has More Than $10 Million in Active Contracted Revenue Through 2027 * Management Focused on Expanding Revenue and EBITDA Through Azure Existing Customers and Strategic Partnerships * Company Targets Lower Cost of Capital and Reduced Reliance on Dilutive Financing FORT LAUDERDALE, FL., Sept. 22, 2026 (GLOBE NEWSWIRE) -- Algorhythm Holdings, Inc. (the “Company”) (NASDAQ: RIME), a diversified holding company and owner of SemiCab, an AI-enabled logistics technology business, and Azure Energy, a renewable power infrastructure developer, today outlined its near-term operational, strategic and capital allocation priorities for the remainder of 2026 and 2027.

The update coincides with the Company's filing of a new corporate presentation with the Securities and Exchange Commission pursuant to Regulation FD.