The Singing Machine Company, Inc. /
SemiCab, Inc.
The Singing Machine adds SemiCab to its business with completed acquisition
What happened
The Singing Machine Company, Inc. completed its acquisition of SemiCab, Inc., an artificial intelligence technology company in the global logistics space. The transaction was structured as an asset purchase and sale.
SemiCab’s cloud-based Collaborative Transportation Platform is built to predict and optimize loads and trucks. The consideration included 641,806 shares of common stock and a 20% membership interest in SemiCab Holdings, LLC.
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The Singing Machine adds SemiCab to its business with completed acquisition
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