(Note: This is NOT an IPO. This is a NASDAQ uplisting from the OTCQX. The pricing of the underwritten public offering followed a 1-for-30 reverse stock split, which was effective at 5:30 p.m. on May 23, 2022. Based on the closing price of $0.1865 per share of the Company’s common stock on the OTCQX May 23, 2022, the effective post-split price per share was $5.595. The company’s stock is expected to start trading on the NASDAQ on Tuesday, May 24, 2022.)

We are the leading karaoke consumer products company. We make karaoke machines and accessories for children and adults. Our products include the Carpool Karaoke microphone, for use in the car. The product is made and sold under a three-year license agreement with CBS, the home of “The Late Late Show with James Corden.” Mr. Corden’s Carpool Karaoke with celebrities is one of the show’s most popular features.

The company’s products are sold in over 25,000 locations worldwide, including at well-known retailers such as Amazon, Costco, Sam’s Club, Target, and Walmart. As the most recognized brand in karaoke, Singing Machine products incorporate the latest technology and provide access to over 100,000 songs for streaming through its mobile app and select WiFi-capable products. 

*Note: Revenue and net income figures are for the fiscal year 2021 that ended March 31, 2021, according to the prospectus.

(Note: The Singing Machine Company, Inc. upsized its public offering (NASDAQ uplisting) to 1 million shares – up from 784,314 shares in the prospectus – and priced the offering on May 23, 2022, at $4.00 a share – below the stock’s last reported sale price on the OTCQX of $5.595 on May 23, 2022. The prospectus says the stock’s OTCQX symbol was “SMDM”.)