Singing Machine Completes SemiCab Acquisition

DENVER, Colo., Jul 05, 2024 ( The Singing Machine Company, Inc. (NASDAQ:MICS) stated that it completed its SemiCab, global logistics artificial intelligence technology company, acquisition.

Gary Atkinson, CEO of Singing Machine, commented, “They have disruptive, cutting-edge, AI-powered technology. They have world class customers that are eager to expand their current relationships. Lastly, SemiCab’s technology creates a compelling financial win-win for carriers and enterprise-level Fortune 1000 clients through significant cost savings and efficiencies. For the benefit of our shareholders, we view this transaction as a complete overhaul of our growth prospects, our ability to create shareholder value, and to scale SemiCab to a global force in the logistics space for many years to come,” continued Mr. Atkinson.

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