New On The Block
Carets Corporation is exploring strategic alternatives, including a potential sale of the company, and is seeking interest from both strategic and financial buyers. Potential acquirers would have the opportunity to acquire Carets’ technology platform and portfolio of issued U.S. patents, including those covering its video aggregation technology.
Algorhythm Holdings (NASDAQ:RIME) is evaluating strategic alternatives for its SemiCab business, including continuing to operate and develop the unit, spinning it off as a separate company, or selling it. The review comes as Algorhythm considers a potential business combination with an energy infrastructure company serving data centers, which could make the energy business its primary operation going forward.
Biomerica Inc. (NASDAQ:BMRA) hired B. Riley Principal Capital as its financial advisor to assist in evaluating several strategic alternatives, including a merger or partnership, in an effort to maximize shareholder value.
Updates From The Block
