Algorhythm Holdings, Inc. to acquire Azure Energy, LLC

Algorhythm Holdings, Inc. has agreed to acquire Azure Energy, LLC in a strategic acquisition valued at $23 million. The transaction was announced and completed on 15 September 2026. Consideration for the deal was provided entirely through shares. Both the acquiring entity and the target company are based in the United States. This move places Azure Energy, an energy sector business, under the ownership of Algorhythm Holdings. The structure represents a direct strategic acquisition rather than a management buyout or merger of equals. The financial terms were settled at the headline offer price reported for the transaction. No other forms of consideration were included in the final agreement between the parties involved in this specific corporate restructuring event.

The deal marks the full integration of Azure Energy into Algorhythm Holdings’ portfolio. All regulatory and closing conditions required for the transfer of ownership have been satisfied. The transaction is now officially completed as of the announcement date. This concludes the acquisition process for both entities involved. Stakeholders can expect the combined business to operate under the new ownership structure immediately following the completion date. No further steps are pending for this specific deal closure.