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AtlasClear Holdings Appoints Wall Street Veteran Steven Carlson to the Board of Directors
Prism Media Wire· 2025-09-25 20:31
Core Viewpoint - AtlasClear Holdings has appointed Steven Carlson as an Independent Board member, fulfilling NYSE requirements for board independence and enhancing the company's governance structure [2][3][4]. Group 1: Appointment Details - Steven Carlson returns to the Board of Directors as an Independent Board member after previously stepping away for personal reasons [2][4]. - His appointment is significant as it replaces San dip Patel, who transitioned to General Counsel and Chief Financial Officer, thus changing his Independent Director status [3]. - Carlson's experience includes roles as co-founder of Marco Polo Exchange, CEO of MPS, and former President of StoneX's securities business, making him a valuable addition to the Board [4]. Group 2: Company Outlook - The Executive Chairman, John Schaible, expressed confidence in Carlson's return, highlighting the company's progress in strengthening its balance sheet and management [5]. - The company is set to release its 10K financial updates by September 29th, followed by an earnings call on September 30th [6]. - AtlasClear Holdings aims to modernize financial services for small- and middle-market institutions through a technology-enabled platform [7][8].
AtlasClear Holdings Secures Additional $2,000,000 Led by 2 Board Members, Completing Previously Announced $5 Million in Funding
Prism Media Wire· 2025-09-24 12:31
Core Viewpoint - AtlasClear Holdings has successfully closed an additional $2 million of a previously announced $5 million financing, demonstrating strong support from its Board members and strategic investors [2][3][4]. Financing Details - The total amount raised is $5 million in gross proceeds through the issuance of promissory notes, with a 20% Original Issue Discount, resulting in an aggregate principal amount of $6,250,000 [3]. - The notes mature in six months or upon completion of a qualified equity financing of at least $10 million, and they may be converted into equity at the holder's option [3]. Leadership Changes - Sandip Patel, a Board member, led the final closing with a $1 million investment and will join the company as Chief Financial Officer and General Counsel [4][5]. - Sixth Borough Capital increased its investment to a total of $950,000, marking its third investment in the company [4]. Company Strategy and Outlook - The company aims to build long-term value by leveraging fintech to bridge traditional finance with innovative products like cryptocurrency [6]. - AtlasClear Holdings is focused on improving its balance sheet and increasing stockholder equity, which are seen as positive indicators for future growth [6]. Upcoming Financial Reporting - The company plans to file its 10K report by September 29, 2025, followed by an earnings call on September 30, 2025 [7][8]. Company Overview - AtlasClear Holdings is developing a technology-enabled financial services platform aimed at enhancing trading, clearing, settlement, and banking for small and mid-market financial services firms [9]. - The leadership team consists of experienced professionals from various established financial services firms, indicating a strong foundation for future growth [9].
NxGen Brands, Inc. Announces the official signing of Purchase Agreement of an operating company
Prism Media Wire· 2025-09-18 17:01
Core Viewpoint - NxGen Brands, Inc. has officially transitioned from a signed Letter of Intent (LOI) to a Purchase Agreement with an established operating company, indicating a significant step forward for the company and its stakeholders [3][4]. Company Developments - The company expresses excitement about the new Purchase Agreement, highlighting the potential for substantial impact in the industry for shareholders and employees [4]. - NxGen Brands plans to release further details regarding the business, industry, and future growth strategies in the coming week [3]. Communication and Branding - The company advises stakeholders to disregard previous social media posts and news releases to better align with its new direction [4]. - Current communication is being streamlined through the company's X account and a new website, with an emphasis on providing updates to shareholders [4].
EdgeMode to Acquire Spanish Data Center Portfolio, Targeting 1.5 GW of Sustainable AI Infrastructure
Prism Media Wire· 2025-09-17 13:01
Core Viewpoint - EdgeMode Inc. has announced a strategic acquisition of a portfolio of hyperscale data center development assets in Spain, aiming to establish a significant presence in the sustainable AI infrastructure market with a potential capacity of 1.5 GW [2][6]. Transaction Details - EdgeMode will acquire a 75% controlling interest in the data center portfolio, while Blackberry AIF (BAIF) will retain a 25% stake [3]. - The portfolio includes five campuses located in Malpica, Cáceres, Vianos, Córdoba, and Torrecampo, with an estimated asset value of $100 million [3]. Infrastructure and Sustainability - Each data center campus will be designed to be Tier III-compliant and AI-ready, featuring secured land rights and dark fiber connectivity [3]. - The campuses will operate on 100% solar energy, supported by battery energy storage systems (BESS), ensuring stable and sustainable energy supply [4]. Development Timeline - The projects are expected to achieve Ready-to-Build (RTB) status starting Q1 2026, with phased capacity roll-out through 2027 [5]. - Each site will be developed in modular 10 MW IT blocks, paired with approximately 60 MWp of solar and 240 MWh of storage [5]. Strategic Positioning - This acquisition positions EdgeMode as a leading developer of renewable-powered hyperscale data centers in Europe, capitalizing on the growing demand from hyperscale and AI operators in Spain [6]. - The company gains a first-mover advantage in a supply-constrained market by securing one of the largest permitted development portfolios in the country [6]. Leadership Commentary - The CEO of EdgeMode highlighted the acquisition as a transformational milestone, establishing a foundation for long-term growth in a capacity-limited market [7]. - The partnership with BAIF, which has over 20 years of renewable energy development experience in Spain, enhances EdgeMode's capability to execute rapidly [7]. Broader Expansion Plans - The agreement aligns with EdgeMode's broader European expansion strategy, including ongoing projects in Sweden [7]. - The company aims to become a billion-dollar market cap leader in sustainable digital infrastructure, supported by strong capital market traction and plans for a Nasdaq uplisting within the next 12 months [7].
Digital Utilities Ventures Provides Corporate Update
Prism Media Wire· 2025-09-17 12:43
Core Insights - Digital Utilities Ventures, Inc. (OTC:DUTV) is undergoing significant corporate changes, including an acquisition and international expansion efforts, aimed at enhancing revenue and market visibility [3][8] - The company is in the process of acquiring Lifestyle Dock Company, a luxury dock manufacturer, pending FINRA approval, which will allow for revenue consolidation into DUTV's financial statements [4][6] - DUTV is advancing its international strategy with a $3.4 million contract for EasyFEN™ systems in Kenya, with additional trials in Tanzania and discussions in over ten African nations [6][8] - The company is also pursuing a reverse stock split to uplist to the OTCQB Venture Market, which is expected to improve transparency and liquidity for shareholders [7][8] Acquisition Details - The acquisition of Lifestyle Dock Company will broaden DUTV's product portfolio and provide a production base for integrating NanoVoid™ clean-water technology into luxury docks [5][6] - Lifestyle Dock Company has a strong distribution network and an East Coast manufacturing facility, which will enhance DUTV's operational capabilities [4][5] International Expansion - DUTV has received deposits on a $3.4 million contract for deploying EasyFEN™ waste-to-fertilizer systems in Kenya, with revenue recognition expected later this year [6] - The company is conducting field trials in Tanzania and engaging in discussions across more than ten African nations, indicating a scalable solution for local fertilizer production and sustainable agriculture [6][8] Capital Markets Initiatives - DUTV's management has approved a 100:1 reverse stock split as part of its strategy to uplist to the OTCQB Venture Market, pending FINRA approval [7] - The uplisting is anticipated to enhance transparency, broaden investor access, and improve overall liquidity for shareholders [7][8]
SS Innovations Announces Successful Completion of World's First Pediatric Pyeloplasty Telesurgery Utilizing the Company's SSi Mantra Surgical Robotic System
Prism Media Wire· 2025-09-16 12:31
Core Insights - SS Innovations has successfully completed the world's first pediatric pyeloplasty telesurgery using its SSi Mantra surgical robotic system, demonstrating the system's capabilities in remote surgical procedures [2][3][5]. Company Overview - SS Innovations International, Inc. focuses on developing innovative surgical robotic technologies aimed at making robotic surgery affordable and accessible globally [6]. - The company is headquartered in India and plans to expand its global presence with cost-effective surgical robotic solutions [6]. Product Details - The SSi Mantra surgical robotic system features a modular design with 3 to 5 robotic arms, an ergonomic command center, and advanced imaging capabilities, supporting various surgical specialties including pediatric surgery [7]. - The system has been clinically validated in over 100 different types of surgical procedures in India [7]. Market Opportunity - SS Innovations aims to address the unmet surgical robotic needs in the growing pediatric market, aligning with its mission to provide world-class care to underserved communities [5]. - The company has performed more than 50 telesurgeries at distances of up to 4,000 miles, showcasing the potential of the SSi Mantra in reaching remote patients [5]. Leadership Perspective - The Chairman and CEO of SS Innovations emphasized the advantages of robotic surgery, including precision, less invasiveness, and quicker recovery times, particularly important in pediatric care [3].
AmpliTech Group Advances AI/ML Integration to Enhance ORAN 5G, Private Networks, and WiFi 6/7 Solutions
Prism Media Wire· 2025-09-16 12:30
Core Insights - AmpliTech Group is advancing the integration of AI and ML into its ORAN 5G and WiFi 6/7 solutions, positioning itself as a leader in the wireless communications market [1][5] Group 1: Company Overview - AmpliTech Group, Inc. is a U.S.-based designer, developer, and manufacturer of advanced signal processing components for satellite and 5G communications [1] - The company operates five divisions focused on RF microwave components and 5G network solutions, serving global markets including telecommunications, defense, and quantum computing [5] Group 2: AI/ML Integration - The company is developing intelligent, adaptive radio products that optimize performance, efficiency, and security across various wireless applications [1] - AI/ML applications include RAN Intelligent Controllers for spectrum allocation, self-organizing networks for reduced operating costs, and energy efficiency through dynamic power control [4] Group 3: Strategic Partnerships - AmpliTech is collaborating with industry leaders in AI/ML, semiconductors, and cloud infrastructure to co-develop integrated solutions [3] - Partnerships aim to deliver AI-enhanced Open RAN solutions and incorporate GPU/FPGA modules into radio products [4] Group 4: Product Development - The company is launching next-generation ORAN radios with AI optimization features, including 4T4R, 4T8R, and massive MIMO radios [4] - AmpliTech is expanding into WiFi 6 and WiFi 7 products with AI/ML capabilities to support high-bandwidth applications such as streaming and autonomous systems [4]
NxGen Brands, Inc. Announces Letter of Intent to Acquire Operating Business
Prism Media Wire· 2025-09-11 13:00
Core Points - NxGen Brands, Inc. has signed a Letter of Intent (LOI) to acquire a scalable operating business in a growing industry [3][4] - The target company has a loyal customer base and a unique product offering that has gained attention in retail locations across the US [3] - The CEO expressed optimism about the acquisition, emphasizing its potential to provide value to shareholders and employees [4] Company Direction - NxGen Brands is repositioning itself and will be providing updates on the LOI's progress in the coming weeks [4] - The company has requested stakeholders to disregard past social media posts and news releases, indicating a shift in communication strategy [4] - Current communication is being directed through the company's X account and a new website [4]
NextNRG Reports Preliminary August 2025 Revenue Growth of 222% Year-Over-Year
Prism Media Wire· 2025-09-10 13:00
Core Insights - NextNRG reported a preliminary revenue growth of 222% year-over-year for August 2025, reaching $7.51 million compared to $2.33 million in August 2024 [6][4] - Year-to-date revenue through August 2025 has nearly doubled the total revenue for the entire fiscal year 2024, amounting to approximately $51.6 million [6][4] - The company experienced a 9% sequential revenue decrease in August compared to July, which was influenced by an extraordinary surge in fuel deliveries during a seasonal event [5][4] Financial Performance - Revenue for August 2025 was $7.51 million, a significant increase of 222% from $2.33 million in August 2024 [6] - Gallons delivered in August 2025 reached 2.18 million, up 239% year-over-year from 642,705 gallons in August 2024 [6] - Year-to-date revenue through August 2025 has already surpassed the full-year 2024 revenue of approximately $27 million by nearly double [6] Growth Strategy - The company emphasizes its scalable technology and expanding customer adoption as key drivers of its growth trajectory [7][8] - NextNRG is developing Rencast, an AI-driven platform aimed at enhancing operational efficiency and customer engagement [15] - The company believes it is on track to achieve near-term profitability, supported by robust market demand and proprietary technologies [8][7] Market Position - NextNRG is positioned as a pioneer in AI-driven energy innovation, focusing on transforming energy production, management, and delivery [3][10] - The company operates one of the largest on-demand fueling fleets in the nation and is advancing wireless charging solutions for fleet electrification [11][10] - The Next Utility Operating System® is central to the company's strategy, utilizing AI to optimize infrastructure across various sectors [11]
EdgeMode, Inc. Announces up to $50 Million STRATA Equity Purchase Facility with a Leading Institutional Investor
Prism Media Wire· 2025-09-09 12:30
Core Viewpoint - EdgeMode Inc. has announced a STRATA equity purchase agreement with a leading institutional investor, allowing the company to raise up to $50 million in registered common stock over a 24-month period, providing significant flexibility in capital access [2][4]. Funding Details - The initial funding includes $150,000 provided by the investor upon signing, in exchange for a convertible note due August 31, 2026 [6]. - An additional $100,000 will be funded within five days of the S-1 filing, also in the form of a convertible note due August 31, 2026 [7]. Strategic Intent - The company plans to use the proceeds from this facility to strengthen its balance sheet, finance potential strategic acquisitions, and accelerate the development of its flagship site in Marviken, Sweden [3][4]. - Marviken is positioned as a cornerstone for EdgeMode's vision of building next-generation, energy-efficient AI and high-performance computing infrastructure [3]. Investor Protections - The agreement includes standard covenants such as a prohibition on short selling and customary events of default, ensuring investor protections [8]. Company Overview - EdgeMode Inc. specializes in the design, development, and operation of high-performance computing data centers, focusing on energy-efficient colocation facilities for AI, machine learning, and cloud computing [9]. - The company is actively building a new generation of scalable, sustainable data centers, starting with its flagship campus in Marviken, Sweden [9].