New York, Dec. 06, 2024 (GLOBE NEWSWIRE) -- Univest Securities, LLC ("Univest”), a member of FINRA and SIPC, and a full-service investment bank and securities broker-dealer firm based in New York, today announced the closing of public offering (the "Offering”) of approximately $9.5 million for its client Algorhythm Holdings, Inc. (NASDAQ: RIME) (the "Company”), an AI-driven technology and consumer electronics holding company. The Offering was comprised of 55,882,353 shares of the Company's common stock (or pre-funded warrants in lieu of shares of common stock). Each share of common stock or pre-funded warrant was sold with one Series A Warrant to purchase one share of common stock at an exercise price of $0.17 per share (the "Series A Warrants”) and one Series B Warrant to purchase one share of common stock at an exercise price of $0.34 per share(the "Series B Warrants” and, together with the Series A Warrants, the "Warrants”). The Series A Warrants will be exercisable beginning on the date of completion of the requisite waiting period following the filing of the Information Statement related to the approval by the stockholders of the Company (the "Initial Exercise Date” or "Effective Shareholder Approval Date”) of the issuance of shares upon exercise of the Warrants, among other things (the "Shareholder Approval”). The Series B Warrants will be exercisable beginning on the Effective Shareholder Approval Date. The Series A Warrants will expire on the five-year anniversary of the Initial Exercise Date and the Series B Warrants will expire on the two and one-half-year anniversary of the Initial Exercise Date. The purchase price of each share of common stock and accompanying Warrants was $0.17, and the purchase price of each pre-funded warrant and accompanying Warrants was equal to such price minus $0.01. The aggregate gross proceeds to the Company was approximately $9.5 million. Univest Securities, LLC acted as the sole placement agent. The securities described above are being offered by the Company pursuant to a registration statement on Form S-1 (File No. 333283178) previously filed and declared effective by the Securities and Exchange Commission (the "SEC”). A final prospectus supplement and accompanying prospectus describing the terms of the proposed offering were filed with the SEC and are available on the SEC's website located at http://www.sec.gov . Electronic copies of the final prospectus supplement and the accompanying prospectus may be obtained, by contacting Univest Securities, LLC at [email protected] , or by calling +1 (212) 343-8888. This press release does not constitute an offer to sell or the solicitation of an offer to buy, nor will there be any sales of such securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction. Copies of the prospectus supplement relating to the registered direct offering, together with the accompanying base prospectus, can be obtained at the SEC's website at www.sec.gov . About Univest Securities, LLC Registered with FINRA since 1994, Univest Securities, LLC provides a wide variety of financial services to its institutional and retail clients globally including brokerage and execution services, sales and trading, market making, investment banking and advisory, wealth management. It strives to provide clients with value-add service and focuses on building long-term relationship with its clients. For more information, please visit: www.univest.us . About Algorhythm Holdings, Inc. Algorhythm Holdings, Inc. (NASDAQ: RIME) leads in applying AI to key industries, driving change and unlocking new efficiencies. Bridging technology and industry, the company solves complex challenges and elevates standards through AI innovation. Leveraging advanced technology, Algorhythm Holdings empowers businesses to operate smarter, scale faster, and deliver greater value, pioneering AI-driven solutions for a smarter future and a greater global impact. For more information please visit www.algoholdings.com . Forward-Looking Statements This press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When the Company uses words such as "may, "will, "intend,” "should,” "believe,” "expect,” "anticipate,” "project,” "estimate” or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company's expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the uncertainties related to market conditions and the completion of the initial public offering on the anticipated terms or at all, and other factors discussed in the "Risk Factors” section of the registration statement filed with the SEC. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company's filings with the SEC, which are available for review at www.sec.gov. Univest Securities LLC and the Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof. For more information, please contact: Univest Securities, LLC Edric Guo Chief Executive Officer 75 Rockefeller Plaza, Suite 18C New York, NY 10019 Phone: (212) 343-8888 Email: [email protected]As the details of this case continue to unfold, it is important for educational institutions to reflect on their role in fostering a sense of national pride and loyalty among their students. While academic excellence is undoubtedly important, it should never come at the expense of ethical conduct and allegiance to one's country.
Safety is a top priority in the design of the small Xiaomi SUV YU7, with a comprehensive suite of active and passive features to protect occupants in various driving conditions. State-of-the-art driver assistance systems, such as automatic emergency braking, lane-keeping assist, and adaptive cruise control, help prevent accidents and mitigate potential risks on the road. Additionally, advanced connectivity options, including smartphone integration, wireless charging, and over-the-air software updates, ensure that the YU7 stays ahead of the curve in terms of technology and innovation.SHENZHEN, China , Dec. 20, 2024 /PRNewswire/ -- As technology continues to evolve, consumer electronics have become essential to everyday life. Elephant Robotics, a high-tech company specializing in robotics design and production, is thrilled to announce its participation in the International Consumer Electronics Show (CES) 2025. This premier technology trade show will be held in Las Vegas , USA , from January 7-10 , where you can find Elephant Robotics at Booth 8963 in the LVCC North Hall. With a mission to "Enjoy Robots World", the company offers a diverse range of robotic products, including educational collaborative robots, professional robots, the Mercury humanoid robot, and bionic companion robotic pets. Committed to pushing the boundaries of robotics technology, Elephant Robotics aims to provide everyone with opportunities to experience the convenience and benefits of robots in daily life. At CES 2025, the company will showcase innovative robotic solutions and host 3 engaging interactive activities. Elephant Robotics is dedicated to reducing the barriers to robot applications by offering a diverse range of personal desktop robots, including 4 DOF collaborative robotic arms, 6 DOF cobots, 7 DOF robot arms, and mobile robots. These intelligent robot assistants are characterized by their versatility, high openness, cost-effectiveness, and ease of use, making them perfect for creative projects, daily tasks, and production applications. Equipped with a variety of end effectors—including cameras, suction pumps, grippers, and dexterous hands—these robots can perform a wide range of tasks. This versatility enhances the practicality of robotic arms, reducing the workload and increasing efficiency, allowing people to spend more time on creative and recreational activities. Ultimately, these robotics innovations enhance convenience and joy in everyday life. Whether functioning as personal assistants, production tools, or artistic platforms, they are becoming essential components of modern living. Alongside personal entertainment and convenience, the broad commercial applications of robotics technology are a significant aspect of future intelligent living. At CES 2025, Elephant Robotics will present 2 commercial collaborative robots with powerful performance and sleek, integrated design aesthetics. The myCobot Pro 630, a high-performance commercial collaborative robot, boasts a sleek integrated design and advanced capabilities. Equipped with a holographic device, it provides an immersive and dynamic experience for commercial displays and exhibitions, enabling multi-angle movement and captivating 3D visual effects. This robot offers a fresh approach to business marketing and displays with impressive flexibility and a wide range of applications. Additionally, the Mercury X1, a universal wheeled humanoid robot, features a mobile chassis with high-performance LiDAR and 19 DOF dual-arm robotic arms, delivering exceptional agility and intelligence. Mercury X1 can work seamlessly alongside humans to improve efficiency, reduce costs, and expand commercial opportunities in sectors such as service, hospitality, education, scientific and academic research, entertainment and smart home applications. Since its official launch in late 2023, Mercury X1 has received significant market attention, already delivering notable success in sectors like electronics, chips, and the 3C industry. Since its official launch in late 2023, the Mercury X1 has garnered significant market attention, achieving mass delivery just 7 months post-launch. This versatile wheeled humanoid robot is easily integrated into light industrial manufacturing, particularly in sectors such as electronics, and chips. There are some already successful applications include stripping adhesive sleeves from mobile phone components and assembling flexible connectors. By replacing manual labor, the Mercury X1 improves work efficiency and reduces costs. Robots can also be soft and cuddly, bionic companion robot pets are set to become the most heartwarming intelligent companions in daily life. Elephant Robotics will unveil its new series of bionic robotic pets—metaCat AI, metaDog AI, and metaPanda AI—at CES 2025. These AI bionic robotic pets, available in cat, dog, and panda shapes, closely mimic the appearance, texture, sound, and experience of real animals, fulfilling people's need for companionship and emotional comfort. Equipped with AI models, they understand human language and emotions, providing a life-like interaction experience. Designed to provide companionship and emotional support, these pets are equipped with lifelike features such as realistic fur, interactive movements, and engaging behaviors. These AI bionic companions understand human emotions and can respond to voice commands, offering a truly immersive and responsive interaction. Equipped with AI models, they understand human language and emotions, providing a "life-like" smart interaction experience. Particularly beneficial for children, seniors, and individuals with autism or Alzheimer's disease, these AI bionic companion robotic pets help reduce feelings of loneliness, alleviate anxiety, and promote mental well-being. In addition, their AI capabilities allow them to engage in dynamic, lifelike conversations, and even respond to emotional cues, fostering deeper connections with users. In family environments, these pets can serve as both educational and comforting companions, while in healthcare settings, they offer potential in emotional support and mental care. They represent a new frontier in human-robot interaction, where robotics not only enhance productivity but also improve emotional quality of life. Elephant Robotics is not only showcasing its cutting-edge robotic products at CES 2025, but is also offering visitors the opportunity to participate in 3 exciting interactive activities. Innovative Robotics Workshop: In this hands-on workshop, visitors will experience the power of graphical programming tools like myBlockly to control the 6 DOF collaborative robot arm, myCobot 280. By arranging code "blocks" in a fun and intuitive way, participants can easily bring their creative ideas to life. The workshop simplifies programming, allowing participants to enhance their practical skills and hands-on experience through direct interaction with various robotic products. This engaging environment encourages more people to explore the applications of robotic arms in everyday life. Share & Win: Visitors can participate by sharing posts on social media platforms (Facebook, X, LinkedIn) with the hashtag #ElephantRobotics to win a free, limited-edition panda doll keychain. It's an easy and fun way to engage with the brand while standing a chance to win a unique souvenir! Explore to Win – NVIDA and Partner Passport Program: As an official NVIDIA partner, Elephant Robotics is honored to be invited to participate in the Explore to Win event, part of the NVIDIA and Partner Passport Program at CES 2025. Visitors who scan the QR code at Elephant Robotics' booth (LVCC, North Hall – booth #8963) will be able to collect points and have a chance to win exciting prizes. CES 2025 is an unparalleled platform for showcasing cutting-edge technology and fostering idea exchange. Participation in CES 2025 allows Elephant Robotics to showcase its latest robotic innovations and emphasize its mission to integrate AI and robotics into everyday life. It also offers opportunities to explore collaborations with international organizations and companies, fostering loyalty and trust among its customers. Visitors are encouraged to visit the company's booth at LVCC North Hall – booth 8963 to experience their innovative robotics technologies firsthand and discover how these innovations can transform everyday's life. For more information, please visit: CES2025 - Elephant Robotics ; or connect with them on social media: X: https://twitter.com/CobotMy Facebook: https://www.facebook.com/mycobotcreator Linkedin: https://www.linkedin.com/company/elephantrobotics/ Youtube: https://www.youtube.com/c/elephantrobotics View original content to download multimedia: https://www.prnewswire.com/news-releases/elephant-robotics-to-exhibit-at-ces-2025-featuring-cutting-edge-innovative-robotics-solutions-and-ai-bionic-robots-debut-302336834.html SOURCE Elephant Robotics Best trending stories from the week. Success! An email has been sent to with a link to confirm list signup. Error! There was an error processing your request. 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In a recent incident at a local bathhouse, several individuals were rushed to the hospital due to health complications. The authorities have swiftly responded to the situation and ensured that all affected individuals received prompt medical attention and their conditions have since been stabilized.As guests immerse themselves in the luxurious bathing experience, they are treated to a sensory journey that encompasses not just the physical, but also the spiritual and emotional aspects of wellness. The fragrant scents of essential oils, the soothing sounds of flowing water, and the gentle touch of skilled therapists work in harmony to create a holistic experience that rejuvenates both body and mind.The two individuals in question, both of whom graduated from a well-known university known for its rigorous academic programs, were found guilty of espionage and conspiracy to commit treason. Their actions not only posed a significant threat to national security but also betrayed the trust placed in them by their country and colleagues.
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Prepare to LOL at these totally heinous autocorrect gags and puns! *Hilarious Autocorrect is sometimes helpful - and sometimes one of the most annoying things ever! But there's no arguing that it often comes out with some hilarious suggestions! So read on and find out why vampires like autocorrect, or what happened to the autocorrect programmer who lost their job! Because an unexpected punchline is only a spelling mistake away! Looking for more smart technology jokes? Have a laugh at these video game jokes , these computer jokes , or even these giggle-worthy Google jokes ! Ok - let's get back to autocorrect! Why do the nurses at the blood donation clinic have autocorrect turned off? Because they always want more type-os! Autocorrect has saved my sanity I'm the typo person that hates grammatical errors! Why can’t we get a smartphone that can properly autocorrect in/on? It’s really starting to get in my nerves! I believe autocorrect was invented by history's most famous scientist Albeit Einstein would disagree! Selling an improved autocorrect? Shut up and take my monkey! When you turn off auto correct ALL LOPE IS HOST! I heard the creator of autocorrect went to the doctor... I didn’t even know he was I’ll! I hate autocorrect It makes me say things I didn't Nintendo! I see you don't use autrocorrect I akso lkie to libe dagneriusly! What's Autocorrect's blood type? Typo negative! It means no worries For the rest of your days Haiku na Mattatta! I feel like we should all cut the guy who invented autocorrect some slack I'm sure he moans we'll! Why don't vampires use autocorrect? Because they love Type Os! The inventor of autocorrect has now retired... He will be mist! If autocorrect were really smart, it would know when I meant gave or have *have or gave! I had a horrible relationship with autocorrect in 2024... But hey... New Year, New Mexico! I had a really good joke... But autocorrect ruined the lunchtime! I used to be a programmer for autocorrect They fried me for no raisin! We’ll, we’ll, we’ll... If it isn't autocorrect! I hear the inventor of autocorrect has the flu I home he gets wheel son! Check Out the Great Joke Generator!As: Real Madrid Coaching Staff Believes Jules Koundé is the Team's Best Shooter
The U.S. Navy is transforming a costly flub into a potent weapon with the first shipborne hypersonic weapon, which is being retrofitted aboard the first of its three stealthy destroyers. The USS Zumwalt is at a Mississippi shipyard where workers have installed missile tubes that replace twin turrets from a gun system that was never activated because it was too expensive. Once the system is complete, the Zumwalt will provide a platform for conducting fast, precision strikes from greater distances, adding to the usefulness of the warship. “It was a costly blunder. But the Navy could take victory from the jaws of defeat here, and get some utility out of them by making them into a hypersonic platform,” said Bryan Clark, a defense analyst at the Hudson Institute. The U.S. has had several types of hypersonic weapons in development for the past two decades, but recent tests by both Russia and China have added pressure to the U.S. military to hasten their production. Hypersonic weapons travel beyond Mach 5, five times the speed of sound, with added maneuverability making them harder to shoot down. Last year, The Washington Post reported that among the documents leaked by former Massachusetts Air National Guard member Jack Teixeira was a defense department briefing that confirmed China had recently tested an intermediate-range hypersonic weapon called the DF-27. While the Pentagon previously acknowledged the weapon's development, it had not recognized its testing. One of the U.S. programs in development and planned for the Zumwalt is the “Conventional Prompt Strike." It would launch like a ballistic missile and then release a hypersonic glide vehicle that would travel at speeds seven to eight times faster than the speed of sound before hitting the target. The weapon system is being developed jointly by the Navy and Army. Each of the Zumwalt-class destroyers would be equipped with four missile tubes, each with three of the missiles for a total of 12 hypersonic weapons per ship. In choosing the Zumwalt, the Navy is attempting to add to the usefulness of a $7.5 billion warship that is considered by critics to be an expensive mistake despite serving as a test platform for multiple innovations. The Zumwalt was envisioned as providing land-attack capability with an Advanced Gun System with rocket-assisted projectiles to open the way for Marines to charge ashore. But the system featuring 155 mm guns hidden in stealthy turrets was canceled because each of the rocket-assisted projectiles cost between $800,000 and $1 million. Despite the stain on its reputation, the three Zumwalt-class destroyers remain the Navy’s most advanced surface warship in terms of new technologies. Those innovations include electric propulsion, an angular shape to minimize radar signature, an unconventional wave-piercing hull, automated fire and damage control and a composite deckhouse that hides radar and other sensors. The Zumwalt arrived at the Huntington Ingalls Industries shipyard in Pascagoula, Mississippi, in August 2023 and was removed from the water for the complex work of integrating the new weapon system. It is due to be undocked this week in preparation for the next round of tests and its return to the fleet, shipyard spokeswoman Kimberly Aguillard said. A U.S. hypersonic weapon was successfully tested over the summer and development of the missiles is continuing. The Navy wants to begin testing the system aboard the Zumwalt in 2027 or 2028, according to the Navy. The U.S. weapon system will come at a steep price. It would cost nearly $18 billion to buy 300 of the weapons and maintain them over 20 years, according to the Congressional Budget Office. Critics say there is too little bang for the buck. “This particular missile costs more than a dozen tanks. All it gets you is a precise non-nuclear explosion, some place far far away. Is it really worth the money? The answer is most of the time the missile costs much more than any target you can destroy with it,” said Loren Thompson, a longtime military analyst in Washington, D.C. But they provide the capability for Navy vessels to strike an enemy from a distance of thousands of kilometers — outside the range of most enemy weapons — and there is no effective defense against them, said retired Navy Rear Adm. Ray Spicer, CEO of the U.S. Naval Institute, an independent forum focusing on national security issues, and former commander of an aircraft carrier strike force. Conventional missiles that cost less aren’t much of a bargain if they are unable to reach their targets, Spicer said, adding the U.S. military really has no choice but to pursue them. “The adversary has them. We never want to be outdone,” he said. The U.S. is accelerating development because hypersonics have been identified as vital to U.S. national security with “survivable and lethal capabilities,” said James Weber, principal director for hypersonics in the Office of the Assistant Secretary of Defense for Critical Technologies. “Fielding new capabilities that are based on hypersonic technologies is a priority for the defense department to sustain and strengthen our integrated deterrence, and to build enduring advantages,” he said.
In conclusion, Wu Jinyan's decision to pause and embrace the beauty and joy of pregnancy is a testament to her unwavering commitment to motherhood and the new life growing within her. Through her stunning photos and graceful presence, she reminds us of the power and beauty of this sacred journey, inspiring us to embrace the magic and wonder of new beginnings. As she awaits the arrival of her little one, we join her in celebrating the miracle of life and the boundless love that awaits her as she welcomes her newborn into the world.
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