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INVESTOR DEADLINE: Navan, Inc. Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit
Prnewswire· 2026-02-24 09:15
Core Viewpoint - The Navan class action lawsuit alleges that Navan, Inc. and its executives misled investors regarding the company's financial health and future expenses during its IPO, leading to significant stock price declines after the IPO [1][3][4]. Group 1: Class Action Lawsuit Details - The lawsuit seeks to represent purchasers of Navan, Inc. common stock related to its IPO on October 31, 2025, where nearly 37 million shares were issued at $25.00 per share [1][2]. - The lawsuit claims that the offering documents were materially false or misleading, particularly regarding a 39% increase in sales and marketing expenses shortly after the IPO [3][4]. - Following the earnings report on December 15, 2025, which revealed increased expenses to nearly $95 million, Navan's stock price fell nearly 12% [4]. Group 2: Stock Performance - By the time the lawsuit commenced, Navan's stock price had dropped to as low as $9.20 per share, representing a nearly 63% decline from the IPO price of $25.00 [5]. Group 3: Legal Process - The Private Securities Litigation Reform Act of 1995 allows any investor who purchased Navan common stock during the IPO to seek appointment as lead plaintiff in the class action lawsuit [6]. - The lead plaintiff will represent the interests of all class members and can choose a law firm to litigate the case [6]. Group 4: Law Firm Background - Robbins Geller Rudman & Dowd LLP is a leading law firm in securities fraud and shareholder rights litigation, having recovered over $916 million for investors in 2025 alone [7]. - The firm has a strong track record, recovering $8.4 billion for investors over the past five years, including the largest securities class action recovery in history [7].
ChipMOS REPORTS FOURTH QUARTER AND FULL YEAR 2025 RESULTS
Prnewswire· 2026-02-24 09:00
Core Viewpoint - ChipMOS Technologies Inc. reported strong financial results for the fourth quarter and full year of 2025, driven by increased demand for high-value memory solutions, particularly in datacenter and AI-related applications [1]. Financial Performance - Revenue for Q4 2025 was NT$6,521.1 million (US$207.9 million), a 20.8% increase from NT$5,399.6 million (US$172.1 million) in Q4 2024 [1]. - Full year revenue for 2025 reached NT$23,932.9 million (US$762.9 million), up 5.5% from NT$22,695.9 million (US$723.5 million) in 2024 [1]. - Q4 2025 net earnings were NT$499.7 million (US$15.9 million), translating to NT$0.72 (US$0.02) per basic common share, compared to NT$232.2 million (US$7.4 million) and NT$0.32 (US$0.01) per basic common share in Q4 2024 [1]. - Net profit for the fiscal year 2025 was NT$495.1 million (US$15.8 million), down from NT$1,420.0 million (US$45.3 million) in 2024 [1]. Cash Flow and Financial Position - The company reported a net free cash inflow of NT$1,554.8 million (US$49.6 million) for the full year 2025 [1]. - Cash and cash equivalents stood at NT$14,858.9 million (US$473.7 million) as of December 31, 2025 [1]. Non-Operating Expenses - Q4 2025 net non-operating expenses were NT$23.8 million (US$0.8 million), a decline from net non-operating income of NT$154.6 million (US$4.9 million) in Q4 2024 [1]. - Full year net non-operating expenses for 2025 totaled NT$555.4 million (US$17.7 million), compared to net non-operating income of NT$373.1 million (US$11.9 million) in 2024 [1]. Market Position and Services - ChipMOS is recognized as an industry leader in outsourced semiconductor assembly and test services (OSAT), providing end-to-end solutions to various semiconductor companies globally [2].
Kyndryl and University of Liverpool to Spearhead Health Innovation with Agentic AI
Prnewswire· 2026-02-24 09:00
Core Insights - Kyndryl and the University of Liverpool are collaborating to develop next-generation healthcare technologies using AI, specifically through Kyndryl's Agentic AI Framework and the University's research expertise [1] - The initiative aims to enhance patient interaction and healthcare services, particularly for underserved populations, by creating AI-driven solutions such as conversational AI services [1] - The collaboration aligns with the Liverpool City Region's Life Sciences Innovation Zone, positioning the area as a hub for health and life sciences innovation [1] Group 1: Collaboration Details - The partnership will co-develop blueprints for healthcare technologies, focusing on AI projects that improve patient experiences [1] - Phase one of the collaboration will evaluate conceptual AI projects aimed at enhancing patient interaction and healthcare service utilization [1] - The projects will utilize population health datasets and testbed environments to create a library of innovation-ready models [1] Group 2: Impact and Goals - The collaboration seeks to address significant health disparities in the Liverpool area, where life expectancy can differ by up to 15 years between affluent and disadvantaged communities [1] - The initiative aims to provide more preventive and personalized care while effectively targeting resources to assist vulnerable populations [1] - Kyndryl's AI innovation lab, launched in May 2025, will play a crucial role in developing solutions for real-world health challenges [1] Group 3: Institutional Background - Kyndryl is a leading provider of mission-critical enterprise technology services, operating in over 60 countries [1] - The University of Liverpool is a prominent research-intensive institution with an annual turnover of £708.3 million and a research income of £163.1 million [1] - The University is ranked among the top 150 universities globally and is a member of the Russell Group, reflecting its significant academic influence [1]
Cognizant selected for global AI-driven workplace services transformation
Prnewswire· 2026-02-24 09:00
Group 1 - Cognizant has been selected by a major commercial vehicle manufacturer to transform and modernize its global workplace services through a multi-year partnership focused on AI and automation [1] - The initiative will utilize Cognizant WorkNEXT™, an AI-powered digital platform designed to enhance workplace operations and user experience across global factories and offices [1] - The CEO of Cognizant emphasized the importance of applying AI, automation, human-centric design, and responsible governance to create a resilient and future-ready environment for the workforce [1] Group 2 - The partnership aims to improve efficiency, adaptability, and user satisfaction within the operations of the commercial vehicle manufacturer [1] - Cognizant's approach includes building adaptive, integrated, and human-centric workplaces that balance AI-driven automation with high-touch support [1] - The collaboration reflects Cognizant's commitment to helping clients modernize technology and transform experiences in a rapidly changing business landscape [1]
ArisGlobal Launches XDI
Prnewswire· 2026-02-24 08:42
ArisGlobal Launches XDI [Accessibility Statement] Skip NavigationXDI brings the first federated solution for life sciences, collapsing data silos, unifying meaning, and powering enterprise-wide explainable decision- making at scaleBOSTON, Feb. 24, 2026 /PRNewswire/ -- [ArisGlobal], an AI-first technology company at the forefront of life sciences and creator of LifeSphere®, has launched [XDI], its Data Intelligence Cortex. Introduced at the company's Breakthrough 2026 event, XDI transforms regulated life sci ...
Gentoo Media publishes Q4 2025 Interim Report - Updated report
Prnewswire· 2026-02-24 08:41
[https://mb.cision.com/Main/15972/4311981/3948490.pdf]Gentoo_Media_Q4_230226_Updated## 21%[more press release views with Request a Demo]## Also from this source### Gentoo Media publishes Q4 2025 Interim Report - Updated report[Gentoo Media today publishes its Q4 2025 interim report, concluding a year of operational strengthening and improved financial discipline. The fourth ...]### Gentoo Media publishes Q4 2025 Interim Report[Gentoo Media today publishes its Q4 2025 interim report, concluding a year of ope ...
Bitmine Immersion Technologies (BMNR) annonce que ses avoirs en ETH atteignent 4,423 millions de jetons, et que ses avoirs en crypto-monnaies et en liquidités atteignent 9,6 milliards de dollars
Prnewswire· 2026-02-24 08:33
Au 22 février 2026 à 18h00 (heure de l'Est), les avoirs en crypto-monnaies de la Société se composent de 4 422 659 ETH Ã 1 958 $ par ETH (NASDAQ : COIN), 193 Bitcoin (BTC), 200 millions de dollars de participation dans Beast Industries, 17 millions de dollars de participation dans Eightco Holdings (NASDAQ : ORBS) ("moonshots") et une trésorerie totale de 691 millions de dollars. Les avoirs en ETH de Bitmine représentent 3,66 % de l'offre d'ETH (120,7 millions d'ETH). Le message du président est disponible i ...
INTURAI VENTURES STRENGTHENS ITS CORE TECHNOLOGY AND IP PROTECTION FRAMEWORK FOR SPATIAL INTELLIGENCE
Prnewswire· 2026-02-24 08:15
Core Insights - Inturai Ventures Corp. has enhanced its spatial intelligence platform and established a robust intellectual property framework to protect its proprietary technologies [1] Group 1: Technology Development - The company has developed proprietary software processes that analyze Wi-Fi and radio frequency signals to monitor movement, presence, and activity without the need for cameras or specialized hardware [1] - Inturai's core sensing methods focus on processing wireless signal behavior to generate spatial awareness, enabling motion detection, presence identification, and location estimation [1] - The company is processing and evaluating up to 10 patents related to its trade secret strategies to secure its technological advancements [1] Group 2: Application Areas - The technology supports non-contact monitoring relevant to healthcare, aged care, and smart living, allowing for affordable continuous monitoring without visual data capture [1] - Inturai's methods are also applicable in defense and security, providing solutions for activity and movement identification in environments with limited visibility [1] - The company aims to reinforce long-term defensibility and support disciplined commercial deployment across healthcare, defense, and security sectors [1]
Broadridge Appoints Frank Troise as President, Global Capital Markets
Prnewswire· 2026-02-24 07:00
Core Insights - Broadridge Financial Solutions has appointed Frank Troise as President of Global Capital Markets, effective immediately, to lead the transformation in capital markets across traditional and digital ecosystems [1] - Troise's experience includes leadership roles at Pico Quantitative Trading and Investment Technology Group, as well as overseeing J.P. Morgan's global Execution Services business [1] - Broadridge aims to leverage its leadership in tokenized real assets and AI-powered capabilities to enhance efficiency, transparency, and growth opportunities in capital markets [1] Company Overview - Broadridge connects over 2,200 buy- and sell-side firms and more than 200 trading venues globally, facilitating daily average trading of over $15 trillion in securities [1] - The company has established a leading position in digital market infrastructure, supporting over $7 trillion in monthly volume through its distributed ledger-based repo platform [1] - Broadridge processes over 7 billion communications annually and is part of the S&P 500 Index, employing over 15,000 associates in 21 countries [1] Strategic Focus - The company is committed to integrating multi-asset class capabilities to enhance trading and post-trade infrastructure, enabling innovation while maintaining resiliency and regulatory strength [1] - Broadridge's strategy includes accelerating institutional adoption of digital markets and transforming operations to reduce risk and improve client experience [1]
Ideal Power Announces Pricing of $14 Million Financing of Common Stock
Prnewswire· 2026-02-24 04:42
Financing Overview - Ideal Power Inc. announced a public offering of 4,458,736 shares of common stock, generating gross proceeds of approximately $12.3 million [1] - Concurrently, a private placement of pre-funded warrants for up to 631,332 shares was priced, yielding gross proceeds of about $1.7 million [1] - The total gross proceeds from both financings are expected to be around $14.0 million before deducting expenses [1] Use of Proceeds - The net proceeds from the financings will be utilized to advance the commercialization of the B-TRAN® technology, including customer design-ins, custom development programs, and initial production ramp with strategic partners [1] - Additional funds will be allocated for general corporate and working capital purposes [1] Company Background - Ideal Power is recognized for its development of the B-TRAN® bidirectional semiconductor power switch, which offers significant advantages over traditional technologies [1] - The B-TRAN® technology is designed to meet the demands of modern solid-state circuit protection and intelligent power delivery systems, featuring low conduction losses and improved power efficiency [1] - Applications for B-TRAN® include solid-state circuit breakers, static transfer switches, battery disconnect units, and EV contactors, relevant in data centers, industrial power systems, energy grids, and electric vehicles [1]