Workflow
Prenetics Completes $72 Million ACT Exit, Bolsters Cash and Bitcoin Treasury to Accelerate IM8’s Path to $100 Million ARR
Globenewswire· 2025-10-07 12:30
Core Insights - Prenetics Global Limited has completed the divestment of ACT Genomics to Delta Electronics, marking a strategic exit from the clinical diagnostics sector to focus on consumer health initiatives [1][5] - The divestment has significantly improved Prenetics' financial position, with total proceeds from the transaction amounting to $46 million, enhancing cash reserves to over $60 million while maintaining a debt-free balance sheet [2][5] - The company is poised for growth with its flagship consumer health brand, IM8, projected to achieve an annualized revenue run-rate of $100 million within its first year [3][5] Financial Position - Prenetics received $39.9 million in cash from the $72 million transaction, with an additional $6.3 million held in escrow for future distribution [2] - The total cash reserves now exceed $60 million, excluding Bitcoin holdings, providing a strong foundation for growth [2][5] - The company maintains a debt-free balance sheet, which positions it well for future investments [2][5] Consumer Health Initiatives - IM8 is on track to become one of the fastest-growing supplement brands, demonstrating strong market demand and execution [3][5] - The strategic shift allows Prenetics to focus entirely on high-growth consumer health business [5] Bitcoin Treasury Strategy - Prenetics holds 255.4 BTC, valued at $31.6 million, with an unrealized profit of $3.86 million, reflecting a 13.9% return on investment [4][7] - The company has implemented a disciplined strategy of purchasing 1 BTC daily since August 2025, with all holdings securely custodied at Kraken [4][7] - Prenetics is pioneering the intersection of healthcare innovation and digital asset adoption through its Bitcoin treasury strategy [6]
TRWD Confirms Adult Entertainment and Hospitality Division Progress as Alan Chang Leads Expansion Effort
Globenewswire· 2025-10-07 12:30
Through its newly formed division TRWD and the Peppermint Hippo are acquiring underperforming gentlemen’s clubs, remodeling them into modern “mini-Vegas” venues, and rolling them into a fully SEC-reporting public company.This video explains the bold strategy NEW YORK, Oct. 07, 2025 (GLOBE NEWSWIRE) -- Tradewinds Universal, Inc. (OTCID: TRWD), a fully reporting public holding company, today provided an update on the progress of its transaction with Peppermint Hippo, outlining continued advancements t ...
Great Elm Capital Corp. (“GECC”) Addresses Investor Questions with Respect to its First Brands Investments
Globenewswire· 2025-10-07 12:30
PALM BEACH GARDENS, Fla., Oct. 07, 2025 (GLOBE NEWSWIRE) -- Great Elm Capital Corp. (“GECC” or the “Company”) (NASDAQ: GECC), a business development company, today provided an update on its investment in First Brands Group, LLC (“First Brands”). Update on First Brands Exposure In response to numerous investor inquiries, GECC is providing additional details regarding its exposure to First Brands, a global automotive parts manufacturer and supplier that filed for Bankruptcy at the end of September. GECC place ...
Alto Ingredients, Inc. to Present in the LD Micro Main Event XIX
Globenewswire· 2025-10-07 12:30
PEKIN, Ill., Oct. 07, 2025 (GLOBE NEWSWIRE) -- Alto Ingredients, Inc. (NASDAQ: ALTO), a leading producer and distributor of specialty alcohols, renewable fuels and essential ingredients, announced that management plans to participate at the LD Micro Main Event XIX on Tuesday, October 21, 2025, in San Diego. Management will conduct one-on-one meetings, and management will present at 1:00 pm PT. Presentation materials and webcast for the presentation can be accessed at www.altoingredients.com. About Alto Ingr ...
Sezzle Adds Leading Retailers and Emerging Verticals as Shoppers Seek Flexibility This Holiday Season
Globenewswire· 2025-10-07 12:30
Core Insights - Sezzle Inc. has expanded its merchant network with new partners in various sectors, including fashion, sporting goods, beauty, and digital content, in preparation for the 2025 holiday shopping season [1][2]. Merchant Partnerships - New merchants joining Sezzle include Cato Fashions, SCHEELS, D&B Supply, and Dermstore, reflecting a strategic move to cater to price-sensitive consumers during the holiday season [2][4]. - Cato Fashions is noted as a leading women's fashion retailer, while SCHEELS is recognized as a top destination for sporting goods and apparel [2]. Consumer Spending Trends - According to PwC's 2025 Holiday Outlook, consumers are expected to be more price-sensitive, with Gen Z projected to spend nearly 23% less than the previous year, and overall spending across generations expected to dip around 5% [2]. - The focus on discounts and value over splurges indicates a shift in consumer behavior, particularly among younger generations [2]. Strategic Expansion - Sezzle is adapting to Gen Z's preferences by partnering with platforms like Whop, which focuses on social commerce and digital products, allowing users to engage with content more flexibly [3]. - This partnership aligns with the trend of Gen Z prioritizing experiences and digital communities over traditional goods [3]. Performance Metrics - Early results from Sezzle's partnerships indicate significant growth, with Cato brands reporting that Sezzle orders in the first month averaged nearly double their baseline order value [4]. - The company emphasizes its ability to drive meaningful results at scale, showcasing consistent growth in unique shoppers, total orders, and Sezzle-driven volume [4]. Value Proposition - Sezzle positions itself as a solution for both consumers and retailers, helping shoppers budget responsibly while providing retailers with tools to enhance sales and customer loyalty [4].
Aligos Therapeutics Announces Eight Abstracts Accepted at The Liver Meeting® 2025
Globenewswire· 2025-10-07 12:30
Oral presentation will include the full 96-week and post-treatment follow up data from the Phase 1 monotherapy study of ALG-000184SOUTH SAN FRANCISCO, Calif., Oct. 07, 2025 (GLOBE NEWSWIRE) -- Aligos Therapeutics, Inc. (Nasdaq: ALGS), a clinical stage biopharmaceutical company focused on improving patient outcomes through best-in-class therapies for liver and viral diseases, today announced eight presentations, including one oral presentation, at The Liver Meeting® 2025, being held November 7 – 11, 2025 in ...
Cellectar Biosciences, Inc. Enters Into Agreements to Raise $5.8 Million
Globenewswire· 2025-10-07 12:30
FLORHAM PARK, N.J., Oct. 07, 2025 (GLOBE NEWSWIRE) -- Cellectar Biosciences, Inc. (NASDAQ:CLRB) (“Cellectar” or the “company”), a late-stage biotechnology company focused on the discovery and development of drugs for the treatment of cancer, today announced an agreement between the company and several institutional investors to exercise certain existing warrants (the “Existing Warrants”) for gross proceeds to the company of approximately $5.8 million prior to deducting placement agent fees and estimated off ...
ESGold Corp. (CSE: ESAU) (OTCQB: ESAUF) Creates Compelling Opportunity in Booming Precious Metals Space
Globenewswire· 2025-10-07 12:30
NEW YORK, Oct. 07, 2025 (GLOBE NEWSWIRE) -- via InvestorWire — ESGold Corp. (CSE: ESAU) (OTCQB: ESAUF) today announces its placement in an editorial published by NetworkNewsWire ("NNW"), one of 70+ brands within the Dynamic Brand Portfolio@IBN (InvestorBrandNetwork), a specialized communications platform with a focus on financial news and content distribution for private and public companies and the investment community. To view the full publication, “When the Dollar Blinks, Real Assets Take Center Stage,” ...
SEALSQ to Join the 10th Horasis Global Summit in São Paulo
Globenewswire· 2025-10-07 12:30
Geneva, Switzerland, Oct. 07, 2025 (GLOBE NEWSWIRE) -- SEALSQ’s CEO Carlos Moreira to Participate in the Panel: “Rewiring the Future with AI and Quantum Computing” —on October 7–9, 2025, SEALSQ Corp (NASDAQ: LAES) ("SEALSQ" or "Company"), a company that focuses on developing and selling Semiconductors, PKI, and Post-Quantum technology hardware and software products, today announced its participation in the 10th Horasis Global Summit, to be held in São Paulo, Brazil, on October 7–9, 2025. This year’s summi ...
Edible Garden Ships Kick. Sports Nutrition to PriceSmart Club Stores
Globenewswire· 2025-10-07 12:30
Award-Winning, Clean-Label Pre & Post Workout Bundle Available InternationallyBELVIDERE, NJ, Oct. 07, 2025 (GLOBE NEWSWIRE) -- Edible Garden AG Incorporated (“Edible Garden” or the “Company”) (Nasdaq: EDBL, EDBLW), a leader in controlled environment agriculture (CEA), locally grown, organic, and sustainable produce and products, today announced the international launch of its award-winning, clean-label Pre & Post Workout Kick. Sports Nutrition bundle at PriceSmart warehouse clubs. Kick. Sports Nutrition is ...