Singing Machine Completes $2.0 Million Private Placement

December 15, 2023

https://www.globenewswire.com/news-release/2023/11/27/2786116/0/en/Singing-Machine-Completes-2-0-Million-Private-Placement.html

Two Strategic Partners Invest In an Above-Market Transaction,
Becoming the Second and Third Largest Shareholders.

Fort Lauderdale, FL, Nov. 27, 2023 (GLOBE NEWSWIRE) — The Singing Machine Company, Inc. (“Singing Machine” or the “Company”) (NASDAQ: MICS) — the North American leader in consumer karaoke products — today announced the closing of a $2.0 million private placement of shares of common stock of the Company. The transaction was completed and funded on November 21, 2023, with two existing shareholders that currently have representation on the Company’s Board of Directors.

Read more at globenewswire.com

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