HONG KONG, Feb. 24, 2026 (GLOBE NEWSWIRE) -- Abits Group Inc (NASDAQ: ABTS) (the “Company”), a new generation digital center with inhouse bitcoin mining operations, today announced the closing of the previously announced registered direct offering with institutional investors of approximately $2.1 million of Ordinary Shares and pre-funded warrants at a price of $2.65 per Ordinary Share. The entire transaction was priced at the market under Nasdaq rules. The offering consisted of the sale of 792,452 Ordinary ...

Core Viewpoint - DSS, Inc. has successfully closed a public offering, raising approximately $1.0 million in gross proceeds, which will be used for general corporate purposes including working capital [1][2]. Group 1: Offering Details - The public offering consisted of 900,000 shares of common stock priced at $1.00 per share [2]. - An overallotment option was granted to the underwriter, Aegis Capital Corp., allowing the purchase of an additional 135,000 shares, representing 15% of the shares sold in the offering [2]. - Aegis Capital Corp. served as the sole book-running manager for the offering [3]. Group 2: Regulatory Information - The offering was conducted under an effective shelf registration statement on Form S-3, previously filed with the SEC on October 31, 2024, and declared effective on November 5, 2024 [3]. Group 3: Company Overview - DSS, Inc. operates across multiple industries, including product packaging, biotechnology, commercial lending, and securities and investment management [5]. - The company focuses on developing high-growth subsidiaries and unlocking value through strategic IPOs and public listings [5].

Core Insights - The article discusses the strategic advancements of Innovation Beverage Group Ltd (IBG) and BlockFuel Energy Inc. (BlockFuel) as they work towards completing their proposed merger, which is expected to close by the end of Q1 2026 pending Nasdaq listing approval [1][14]. Group 1: Merger and Strategic Developments - The merger between IBG and BlockFuel aims to create a publicly traded platform that combines energy production and digital infrastructure [2][15]. - Both companies have made significant progress in executing their strategy, including energy asset acquisitions and digital asset development [2][15]. Group 2: Acquisition of Oklahoma Assets - BlockFuel has completed the acquisition of oil and gas production assets in Oklahoma for a total purchase price of $12.5 million, which includes cash, seller-financed considerations, and shares [3][4]. - The acquired portfolio consists of 46 previously producing horizontal oil and gas wells and 8 saltwater disposal wells across approximately 30,000 acres, with BlockFuel owning approximately 86% working interest and 70% net revenue interest in the wells [3][4]. Group 3: Operational Control and Production - Following the acquisition, BlockFuel assumed operational control of the assets and has initiated the process of restoring production, with initial oil sales already underway [5]. - The revenue generated from these sales is expected to support BlockFuel's energy-backed digital infrastructure initiatives [5]. Group 4: Digital Asset Mining Initiative - BlockFuel is planning to integrate natural gas-fueled power generation with digital asset mining operations at its Oklahoma asset base, evaluating the phased commissioning of approximately 6 megawatts of modular generation capacity [6][7]. - This strategy aims to monetize natural gas through on-site power generation, potentially allowing for the mining of up to approximately 4.5 bitcoin per month [7]. Group 5: Joint Venture in UAE - BlockFuel has entered a memorandum of understanding with Greenbelt Industries to develop a digital asset mining facility in Sharjah, UAE, forming a joint venture with a 50.75% ownership for Greenbelt and 49.25% for BlockFuel [8][10][11]. - The joint venture will leverage Greenbelt's regulatory licenses and biofuel-based power generation systems alongside BlockFuel's mining equipment and expertise [10][11]. Group 6: Equity Financing - BlockFuel has completed an equity financing led by Aegis Capital Corp., providing $2.0 million in working capital to support its operational and strategic initiatives [12].

Core Viewpoint - Mangoceuticals, Inc. has entered into agreements for a registered direct offering and a concurrent private placement, expecting to raise approximately $2.5 million in gross proceeds [1][3]. Group 1: Offering Details - The transactions involve the sale of 1,930,502 Common Units, each consisting of one share of Common Stock or one Pre-Funded Warrant and one PIPE Common Warrant at an exercise price of $1.4245 [2]. - The offering price per Common Unit is set at $1.295, while the Pre-Funded Unit is priced at $1.29499, accounting for a minimal exercise price of $0.00001 per Pre-Funded Warrant [2]. - The Pre-Funded Warrants are immediately exercisable and can be exercised at any time until fully exercised [2]. Group 2: Use of Proceeds - The net proceeds from the offerings, along with existing cash, are intended for general corporate purposes and working capital [3]. Group 3: Legal and Regulatory Information - Aegis Capital Corp. is the exclusive placement agent for the offerings, and Lucosky Brookman LLP is acting as counsel to the Company [4]. - The registered direct offering is made under an effective shelf registration statement previously filed with the SEC [4]. - The securities in the private placement are not registered under the Securities Act and are offered only to accredited investors [5]. Group 4: Company Overview - Mangoceuticals, Inc. focuses on developing health and wellness products via a secure telemedicine platform, particularly in men's health sectors such as erectile dysfunction, hair growth, hormone replacement therapies, and weight management [8]. - The telemedicine platform allows consumers to request prescriptions, which are reviewed by a physician and fulfilled through a partner compounding pharmacy [9].

Core Viewpoint - Inno Holdings Inc. has announced an At-the-Market equity offering sales agreement to sell shares of its Common Stock valued up to $50 million, with proceeds intended for general working capital and corporate purposes [1][3]. Group 1: Offering Details - The Company may sell shares through its sales agent, Aegis Capital Corp., at prevailing market prices, with the timing and volume of sales determined at the Company's discretion [1][2]. - The offering will be conducted under the existing effective shelf registration statement filed with the U.S. Securities and Exchange Commission (SEC) [3]. Group 2: Company Overview - Inno Holdings Inc. focuses on building technology and electronic products trading, aiming to revolutionize the construction industry with proprietary cold-formed steel framing, AI-driven design, and automation [7]. - The Company is expanding its sales and distribution network to create greater commercial value for its business partners and enhance its own enterprise value [7].

Core Insights - Super League has successfully completed a private placement financing, raising a total of $20 million in gross proceeds, with an additional $2.1 million secured [1][2] - The offering was primarily supported by a $10 million investment from Evo Fund, indicating strong investor confidence in the company's strategic direction and turnaround efforts [1][2] - The funds will be utilized for working capital, general corporate purposes, debt repayment, and strategic growth initiatives [2] Company Overview - Super League is a leader in playable media, focusing on connecting brands with consumers through playable ads and gamified content across various platforms [5] - The company aims to create impactful moments for brands, leveraging proprietary technologies and a network of creators to drive measurable results in the digital economy [5] Investment Details - The private placement included shares of common stock, pre-funded warrants, and warrants to purchase common stock [2] - Aegis Capital Corp. served as the exclusive placement agent for the offering, with legal counsel provided by Kaufman & Canoles, P.C. and Disclosure Law Group [3] Strategic Partnerships - Evo Fund, part of the Evolution Financial Group, is recognized for its strategic investments in the digital asset sector and has a strong track record in the Japanese market [6]

Core Viewpoint - Super League has successfully closed a private placement financing, raising a total of $17.9 million, which will enable the company to drive growth and enhance shareholder value while moving towards profitability [1][2][3]. Financial Position - The company will have over $15 million in deployable capital after accounting for transaction fees, expenses, and debt repayments, providing sufficient funding for current operations [2][7]. - The financing marks the end of a six-month corporate turnaround plan, resulting in a strong balance sheet and greater financial flexibility [7]. Strategic Initiatives - The net proceeds from the offering will be utilized for general corporate purposes, working capital, and strategic growth initiatives [4]. - The company aims to eliminate all outstanding debt by November 15, 2025, which will strengthen its balance sheet and enhance market visibility [7]. Management Insights - The CEO of Super League emphasized that the financing represents a new beginning for the company, focusing on operational strength and ambitious growth strategies in the digital asset economy [3][7]. Investment and Partnerships - The private placement was anchored by a $10 million investment from Evo Fund, which is recognized for its strategic investments in digital asset-based business models [1][9]. - The company has streamlined its capital structure, consolidating multiple layers of preferred shareholdings to strengthen shareholder equity [7].

Core Insights - Greenlane Holdings Inc. has raised $110 million in a private investment round to fund its digital asset treasury focused on BERA, the native cryptocurrency of Berachain [2][3] - The financing was led by Polychain Capital, with participation from notable investors such as Blockchain.com and Kraken, indicating strong institutional interest in the digital asset space [3][10] - Greenlane is launching "BeraStrategy," a dedicated digital asset management arm, to oversee its new treasury strategy [6][10] Investment Details - The investment round includes $50 million in cash or cash equivalents and $60 million in BERA tokens, with investors purchasing Greenlane's Class A common stock at $3.84 per share [3][4] - The deal is expected to close around October 23, 2025, positioning Greenlane as the largest publicly traded holder of Berachain tokens [4] Strategic Shift - Proceeds from the investment will be used to acquire additional BERA tokens, making BERA the company's primary treasury reserve asset, akin to how some companies have adopted Bitcoin or Ether [5][12] - The involvement of institutional investors like Polychain Capital and the participation of crypto-native firms highlight the growing convergence between traditional finance and decentralized finance [9][10] Market Reaction - Following the announcement, Greenlane's stock surged by 30% in premarket trading, reflecting investor optimism regarding the company's pivot towards digital assets [11] - This move aligns Greenlane with other public companies that have embraced blockchain exposure, marking a new phase in corporate treasury management [12] Broader Implications - The integration of Berachain with regulated markets could enhance liquidity and governance participation, contributing to long-term stability within the ecosystem [13] - The shift towards a structured crypto treasury may pave the way for hybrid models that combine corporate strategy with decentralized technology [13]

Core Viewpoint - Electric vehicle manufacturer Volcon has completed over $500 million in private financing and is shifting to a Bitcoin-centric financial strategy, which has garnered significant market attention [1][3]. Group 1: Financing and Strategic Shift - Volcon announced the completion of over $500 million in private financing on July 17, with the stock price surging nearly 378% at one point, ultimately closing up nearly 134% [1]. - The company will change its name to Empery Digital, Inc., and its stock ticker will change to EMPD, while the existing electric vehicle business will be operated by a newly established subsidiary, Empery Mobility [1]. - The strategic shift is aimed at addressing accelerated currency devaluation, positioning Bitcoin as a strategic reserve asset to protect shareholder value [3]. Group 2: Institutional Support and Asset Acquisition - The fundraising attracted interest from a wide range of institutional investors, including FalconX, Pantera Capital, Borderless Capital, and Relayer Capital, indicating strong trust in Volcon's new strategy [3]. - 95% of the funds raised will be used to purchase Bitcoin, with the company immediately adding 280.14 BTC to its balance sheet following the transaction [3]. - The rapid asset acquisition is facilitated by a digital asset service agreement with Gemini, ensuring institutional-grade custody and trading execution support [3]. Group 3: Management and Future Plans - Volcon aims to create a high capital efficiency, low-cost Bitcoin financial entity, with Ryan Lane from Empery Asset Management appointed as co-CEO and chairman, alongside experts from finance and crypto sectors [4]. - The company plans to utilize the $500 million raised to quickly increase its Bitcoin holdings and pursue a different path than its previous strategy for higher capital efficiency [4]. - The private placement was led by Clear Street LLC as the main underwriter, with Aegis Capital Corp. serving as co-manager [4].

Core Viewpoint - Cyngn Inc. has successfully closed a registered direct offering, raising approximately $17.2 million through the sale of shares and pre-funded warrants at a price of $7.50 per share [1][3]. Group 1: Offering Details - The offering included the sale of 2,293,333 shares of Common Stock or Pre-Funded Warrants, with the public offering price set at $7.50 per share [2]. - The Pre-Funded Warrants are immediately exercisable and can be exercised at any time until fully exercised [2]. - The transaction closed on June 30, 2025, and the net proceeds will be used for general corporate purposes and working capital [3]. Group 2: Regulatory and Legal Aspects - The offering was conducted under an effective shelf registration statement on Form S-3, which was filed with the SEC and declared effective on June 13, 2023 [4]. - Aegis Capital Corp. served as the exclusive placement agent for the offering, while Sichenzia Ross Ference Carmel LLP and Kaufman & Canoles, P.C. acted as legal counsel for the company and Aegis Capital Corp., respectively [3]. Group 3: Company Overview - Cyngn develops autonomous vehicle technology aimed at addressing challenges faced by industrial organizations, such as labor shortages and safety incidents [7]. - The company's DriveMod technology allows customers to integrate self-driving technology into their operations without significant upfront costs or infrastructure changes [8]. - DriveMod is currently available on specific models like Motrec MT-160 Tuggers and BYD Forklifts, with the Tugger capable of hauling up to 12,000 lbs and a typical payback period of less than 2 years [9].