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Algorhythm Completes Transformational $23 Million Acquisition of Leading Renewable Power Plant Developer Serving Fortune 500, AI Data Center and Advanced Manufacturing Clients
Source: GlobeNewswire
M&A & RestructuringRenewable Energy TransitionEnergy Markets & Prices
Algorhythm Holdings (NASDAQ: RIME) completed its acquisition of Azure Energy, a Charlotte-based renewable power plant developer. The transaction expands Algorhythm's exposure to renewable-energy development, although no purchase price, project pipeline, financing terms, or expected financial contribution was disclosed.
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