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TIAN RUIXIANG in Advanced Talks to Combine With An Asia-Pacific Leading InsurTech In Addition to Advancing Its 15,000 Bitcoin Acquisition Strategy
Globenewswire· 2026-02-23 14:15
Core Viewpoint - Tian Ruixiang Holdings Ltd is in advanced discussions for a strategic business combination with a leading InsurTech company in the Asia-Pacific region, alongside its ongoing Bitcoin acquisition strategy aimed at enhancing shareholder value [1][2][6]. Group 1: Strategic Business Combination - The InsurTech leader is characterized as a well-capitalized, high-growth entity with proprietary AI-driven underwriting, digital distribution, and automated claims processing [3]. - The proposed structure will position Tian Ruixiang as the exclusive public platform for the InsurTech to access U.S. capital markets, facilitating its global expansion [4]. - Existing shareholders of TIRX will maintain full public market ownership and benefit from the potential upside of the combined InsurTech platform [4][9]. Group 2: Shareholder Value Creation - The strategic initiatives are expected to attract significant institutional interest, expand analyst coverage, and create substantial shareholder value [5][9]. - The CEO emphasized that these initiatives represent a historic opportunity to unlock exceptional and sustainable value for shareholders, although no definitive agreement has been reached yet [6][7]. Group 3: Company Overview - Tian Ruixiang Holdings Ltd is a NASDAQ-listed holding company focused on insurance-related services in China, with a commitment to strategic transformation and maximizing long-term shareholder value [7].
SafeSpace Global Corporation Transitions from Pre-Revenue to Active Revenue Generation with Eight Contracted Senior Living Facility Installations
Globenewswire· 2026-02-23 14:15
Core Insights - SafeSpace Global Corporation has transitioned from a pre-revenue stage to generating recurring monthly revenue through the deployment of its AI-powered safety technology in eight senior living facilities as of February 2026 [1][3][10] Revenue Commencement and Contract Portfolio - The company has executed eight service contracts with senior living facility operators, marking a significant operational milestone and confirming the successful development and implementation of its product [3][4] - These contracts represent real revenue from actual deployments, with facilities now utilizing the technology in daily operations and compensating the company on a recurring monthly basis [4][11] Technology Overview - SafeSpace Global's platform utilizes proprietary AI technology to provide continuous, privacy-aware monitoring, enhancing resident safety without the need for intrusive wearables or alarm systems [5][6] - The system includes critical safety functions such as elopement detection, enhanced visitor management, and accelerated incident investigation and documentation [6][7] Addressing Industry Challenges - The technology addresses significant challenges in the senior living industry, including staffing shortages and regulatory scrutiny, by reducing manual monitoring demands and supporting consistent safety practices [8][9] - Facilities adopting this technology are positioned as leaders in resident safety and care quality, setting a new standard in the industry [12][13] Privacy and Compliance - The platform is designed to meet stringent privacy and security requirements, ensuring HIPAA compliance and incorporating various safeguards for protected health information [9] Growth Trajectory - The transition to active revenue generation is a critical inflection point for the company, with established contracts providing a foundation for future market penetration and revenue growth [10][11]
Trust Stamp Contracts with IDetect to Provide Them with DMV Data Verification for High-Volume Identity Security
Globenewswire· 2026-02-23 14:15
Core Viewpoint - Trust Stamp has partnered with IDetect to enhance ID scanning and entrance security solutions by integrating access to the AAMVA Driver's License Data Verification service, enabling real-time verification of driver's license data against official records [1][2][3] Company Overview - Trust Stamp is a global provider of AI-powered trust, identity, and security solutions, focusing on reducing fraud and enhancing operational efficiency across various sectors including banking, healthcare, and government [5][6] - IDetect, Inc. specializes in advanced ID scanning solutions, serving over 70 vertical markets such as hospitality, retail, and government, aimed at preventing identity fraud and ensuring regulatory compliance [7] Product Enhancement - The integration of AAMVA DLDV allows IDetect to move from simple document authentication to comprehensive data verification, significantly improving security measures against sophisticated forgeries [3][4] - This new capability is expected to process millions of verifications per month, setting a new standard in the ID scanning industry [4] Market Impact - The AAMVA DLDV integration will be available across IDetect's hardware and software solutions, providing a one-second verification process that enhances entrance security and reduces insurance liability [4]
DEADLINE NEXT WEEK: Berger Montague Advises Fermi Inc. (NASDAQ: FRMI) Investors to Contact the Firm Before March 6, 2026
Globenewswire· 2026-02-23 14:06
PHILADELPHIA, Feb. 23, 2026 (GLOBE NEWSWIRE) -- National plaintiffs’ law firm Berger Montague PC announces that a class action lawsuit has been filed against Fermi Inc. (NASDAQ: FRMI) (“Fermi” or the “Company”) on behalf of investors who purchased or otherwise acquired Fermi securities during the period of October 1, 2025 through December 11, 2025 (the “Class Period”), including in the Company’s initial public offering on October 1, 2025. Investor Deadline: Investors who purchased Fermi securities during th ...
Jeffs’ Brands Sells 6.3% of Fort Technology’s Outstanding Shares ; Company to Retain Majority Stake Valued at Approximately $24 Million Valuation
Globenewswire· 2026-02-23 14:05
Core Viewpoint - Company is divesting retail assets to concentrate on homeland security and advanced technologies, leveraging AI-driven solutions for growth in this sector [1][2]. Group 1: Transaction Details - Company has closed a share transfer agreement to sell 714,286 common shares of Fort Technology Inc. for a total consideration of CAD $928,571, which is approximately CAD $1.3 per share [1]. - The shares sold represent about 8.1% of Company’s holdings in Fort and approximately 6.3% of Fort's outstanding shares [1]. - Following the transaction, Company retains a 71.55% equity stake in Fort [2]. Group 2: Strategic Focus - Company is shifting its focus towards the global homeland security sector through its subsidiary, KeepZone AI Inc., following a distribution agreement with Scanary Ltd. in December 2025 [3]. - The aim is to create comprehensive security ecosystems for critical infrastructure worldwide, capitalizing on the significant growth potential of the homeland security market [3].
Jeffs' Brands Sells 6.3% of Fort Technology's Outstanding Shares ; Company to Retain Majority Stake Valued at Approximately $24 Million Valuation
Globenewswire· 2026-02-23 14:05
As part of its strategic shift, Company is divesting retail assets to focus on homeland security and advanced technologies Tel Aviv, Israel, Feb. 23, 2026 (GLOBE NEWSWIRE) -- Jeffs' Brands Ltd (“Jeffs’ Brands” or the “Company”) (Nasdaq: JFBR, JFBRW), a data-driven e-commerce company operating on the Amazon Marketplace expanding into the global homeland security sector through advanced artificial intelligence (“AI”) – driven solutions, today announced the closing of a share transfer agreement dated December ...
Consolidated Water to Attend the 38th Annual ROTH Conference, March 22-24, 2026
Globenewswire· 2026-02-23 14:01
GEORGE TOWN, Cayman Islands, Feb. 23, 2026 (GLOBE NEWSWIRE) -- Consolidated Water Co. Ltd. (NASDAQ Global Select Market: CWCO), a leading designer, builder and operator of advanced water treatment plants, has been invited to attend the 38th Annual ROTH Conference being held at The Ritz-Carlton Laguna Niguel in Dana Point, California, on March 22-24, 2026. The conference will feature on-demand presentations by companies across a range of industry sectors, in-person one-on-one and small group meetings, indus ...
Abits Group Inc Announces $2.1 Million Registered Direct Offering Priced at the Market Under Nasdaq Rules
Globenewswire· 2026-02-23 14:00
HONG KONG, Feb. 23, 2026 (GLOBE NEWSWIRE) -- Abits Group Inc (NASDAQ: ABTS) (the “Company”), a new generation digital center with inhouse bitcoin mining operations, today announced that it has entered into definitive agreements in a registered direct offering with institutional investors for the purchase and sale of approximately $2.1 million of Ordinary Shares and pre-funded warrants at a price of $2.65 per Ordinary Share. The entire transaction has been priced at the market under Nasdaq rules. The offerin ...
J-Star Signs Exclusive Distribution Agreement with PSSB
Globenewswire· 2026-02-23 14:00
TAICHUNG CITY, Taiwan, Feb. 23, 2026 (GLOBE NEWSWIRE) -- J-Star Holding Co., Ltd. (Nasdaq: YMAT) (“J-Star” or the “Company”), a leading provider of innovative carbon fiber and composite solutions serving diverse applications including personal sports equipment, healthcare products, automobile parts, resin systems, and research and development services, today announced that it has entered into an exclusive global distribution agreement with Patriot Green Energy Technology (“PSSB”). PSSB is a leading industry ...
Solana Company (NASDAQ: HSDT) Announces Plan for the Pacific Backbone, a High-Speed Infrastructure Buildout for Solana
Globenewswire· 2026-02-23 14:00
Deployment to be focused on Asia-Pacific region to capitalize on fast-growing wealth accumulation, cross-border payments, and institutional adoption of digital assetsExpansion planned to enable Solana Company to capture more value by eliminating external costs and providing compliant infrastructure for regulated institutionsStrategic buildout designed to address needs of market makers, high-frequency traders, exchanges, and traditional finance partners across the Solana ecosystem NEWTOWN, Pa., Feb. 23, 2026 ...