Algorhythm Holdings completed its acquisition of Azure Energy on September 15, 2026, for $23 million paid in common stock and Series B Preferred Stock. The transaction includes an option to acquire a 79.0286% stake in Costa Rican affiliate Azure S.R.L. for up to $30 million. Concurrently, the company executed a strategic leadership transition: Gary Atkinson was dismissed as CEO and resigned from the Board, while Andrew Thompson was appointed CEO and Chairman of the Board. Alex Andre departed as CFO and General Counsel, replaced by Leticia Raele as Interim CFO. The Company also created $4,025,000 in debt obligations through an exchange agreement with Streeterville Capital. Algorhythm Holdings operates as a holding company focused on renewable energy infrastructure development and AI-enabled supply chain logistics.
