Algorhythm Holdings Completes Acquisition of Azure Energy
September 15, 2026
Algorhythm Holdings, Inc. completed its acquisition of Azure Energy, LLC, a renewable biomass power plant developer based in Charlotte, North Carolina. The transaction was structured as an asset purchase for total consideration of approximately $23 million, using a mix of Algorhythm common stock and newly issued preferred stock convertible into common stock after shareholder approval.
- Buyers
- Algorhythm Holdings, Inc.
- Targets
- Azure Energy, LLC
- Industry
- Renewable Energy
- Location
- North Carolina, United States
- Transaction Type
- Buyout
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