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BitGo Secures OCC Approval to Convert to Federally Chartered National Trust Bank
Businesswire· 2025-12-12 19:02
BitGo Bank & Trust, N.A. will operate under a single, uniform federal supervisory regime, enabling it to deliver the clarity, governance, and regulatory certainty institutions expect from a federally regulated fiduciary. This approval reinforces BitGo's position as an institutional foundation for the modern financial system, combining bank-level oversight with the security, compliance, and scalability that define BitGo's infrastructure. Under the national bank charter, and subject to applicable law and OCC ...
Bakkt Files Post-Effective Amendments to Form S-3 Registration Statements Following Corporate Reorganization
Globenewswire· 2025-12-10 21:40
Core Points - Bakkt Holdings, Inc. has filed post-effective amendments to its registration statements on Form S-3 with the SEC, including a shelf registration statement originally filed in June 2025 [1] - The amendments were prompted by the company's transition from an umbrella partnership-C corporation structure to a single class of common stock, with no additional securities being registered [1] - The SEC has not yet declared the registration statements effective, and the press release does not constitute an offer to sell or solicit an offer to buy any securities [2] Company Overview - Bakkt, founded in 2018, is focused on building next-generation financial infrastructure, providing solutions for institutional participation in the digital asset economy, including Bitcoin, tokenization, stablecoin payments, and AI-driven finance [3] - The company emphasizes scale, security, and regulatory compliance, positioning itself at the center of a transformation in financial transactions and market operations [3] - Bakkt is headquartered in New York, NY [4]
SYM vs. BMNR: Which Technology Services Stock Has an Edge Right Now?
ZACKS· 2025-12-05 15:26
Core Insights - Symbotic (SYM) and BitMine Immersion (BMNR) are highlighted as key players in the Zacks Technology Services industry, with Symbotic focusing on AI-powered robotics for supply-chain operations and BitMine concentrating on accumulating crypto assets, particularly Ethereum [1][2]. Symbotic (SYM) - Symbotic has a substantial backlog of $22.5 billion, which enhances visibility for future revenue generation, driven by project pricing and the addition of Medline [4]. - The company reported a 57% year-over-year increase in software revenues to $9.3 million and a 21% increase in operations services revenues to $26.9 million in the fourth quarter of fiscal 2025 [4]. - For the first quarter of fiscal 2026, Symbotic projects revenues between $610 million and $630 million, indicating a year-over-year growth of 25-29% [5]. - Symbotic delivered a positive earnings surprise in the fiscal fourth quarter, with an average surprise of over 69% across the past four quarters [6][7]. BitMine Immersion (BMNR) - BitMine is the largest corporate treasury holder of Ethereum, holding 3.73 million ETH tokens and over $12 billion in crypto and cash assets [8][11]. - The company has seen its stock price increase by 380% in six months, outperforming Symbotic's 102.9% gain [8][14]. - BitMine declared a $0.01 dividend, becoming the first large-cap crypto firm to do so, reflecting a shareholder-friendly approach [13]. - The company aims to accumulate 5% of the total ETH supply, currently holding over 3% [12]. - BitMine's strategic shift and the rise of stablecoins in the digital asset ecosystem are contributing to its growth [9][17]. Market Outlook - The Wall Street average target price for BMNR stock suggests an upside of more than 58% from current levels [18]. - The Federal Reserve's decision to end its Quantitative Tightening program is expected to positively impact ETH prices, further benefiting BitMine [20].
MoneyHero Group Expands Hong Kong Digital Asset Wealth Product Offerings in Collaboration with HashKey Group
Globenewswire· 2025-12-03 02:00
HONG KONG, Dec. 02, 2025 (GLOBE NEWSWIRE) -- MoneyHero Limited (NASDAQ: MNY) (“MoneyHero” or the “Company”), a leading tech- and AI-powered personal finance aggregation and comparison platform and a digital insurance brokerage provider in Greater Southeast Asia, today announced the expansion of its digital asset wealth product offerings through its new collaboration with HashKey Group (“HashKey”), a leading digital asset company. HashKey operates HashKey Exchange, the leading licensed digital asset exchange ...
Super League Reports Third Quarter 2025 Financial Results
Globenewswire· 2025-11-13 21:30
Core Insights - Super League has completed a significant financial turnaround, achieving a strong balance sheet with $20 million from a private placement and zero debt, positioning the company for renewed operational momentum [1][2] - The company is focused on revenue diversification and maintaining a lean cost structure, which is expected to drive profitability and growth [1][5] Financial Performance - In Q3 2025, Super League reported revenues of $2.4 million, a decline from $4.4 million in Q3 2024, while gross margins improved to 45% from 39% year-over-year [5][19] - Operating losses narrowed by 23% on a cash basis compared to Q3 2024, indicating progress towards achieving Adjusted EBITDA profitability [5][6] - Non-cash operating expenses decreased by 29% year-over-year, reflecting strict cost discipline [5] Strategic Initiatives - The company has established partnerships with major brands like Google and Lionsgate, enhancing its ability to activate playable media campaigns and engage with 190 million U.S. consumers [3][4] - Super League is exploring opportunities in the digital asset economy, backed by a $10 million investment from Evo Fund, which is seen as a significant growth frontier [7][8] Future Outlook - The company aims to scale operations and recapture revenue momentum, with potential for mergers and acquisitions to build a significant asset base [8][9] - Super League is confident in its ability to deliver sustainable value creation for shareholders through disciplined execution and an expanding ecosystem [6][10]
Super League Announces Additional Close in Private Placement Offering Based on Strong Demand, Securing a Total of $20 Million in Gross Proceeds
Globenewswire· 2025-10-28 12:00
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]
Wall Street Hits New Records as Tech and Healthcare Firms Report Q3 Results
Stock Market News· 2025-10-27 20:38
Market Performance - Major U.S. stock indices, including the S&P 500, Nasdaq, and Dow Jones, closed at record highs for the second consecutive day, reflecting robust market performance [2][9] - The Dow Jones surged 324 points, or 0.69%, closing at 47,531.10, while the Nasdaq climbed 439 points, or 1.89%, reaching 23,644.20, and the S&P 500 advanced 83.72 points, or 1.23%, closing at 6,875.41 [2][9] Corporate Earnings - Cadence Design Systems (CDNS) reported strong Q3 results with adjusted earnings per share of $1.93, exceeding analyst estimates of $1.79, and revenue of $1.34 billion, surpassing expectations of $1.32 billion [3][9] - NXP Semiconductors (NXP) presented a mixed Q3 earnings report, with reported EPS of $2.48 lower than last year's $2.79, while revenue of $3.17 billion slightly exceeded the estimated $3.16 billion [4][9] - Welltower (WELL) announced solid Q3 results, with rental income reaching $499.48 million and declared a dividend of $0.74 per share, reaffirming its full-year adjusted FFO per share guidance between $5.24 and $5.30 [5][9] Strategic Developments - IBM (IBM) launched a new platform aimed at supporting financial institutions in navigating the evolving digital asset economy, positioning itself to capitalize on the growing interest in blockchain and digital currencies [6][9]
Bakkt Schedules Conference Call to Discuss Third Quarter 2025 Results
Globenewswire· 2025-10-27 12:30
Core Viewpoint - Bakkt Holdings, Inc. is set to release its third quarter 2025 earnings on November 10, 2025, before market open, with a conference call scheduled for 8:30 AM EST to discuss the results and answer questions [1][2]. Group 1: Earnings Release Information - The earnings release will occur on November 10, 2025, before market open [1]. - A conference call will be held at 8:30 AM EST on the same day to review the earnings results [1]. - The conference call will be available via live webcast and archived on Bakkt's investor relations website [2]. Group 2: Company Overview - Bakkt, founded in 2018, is focused on building next-generation financial infrastructure [4]. - The company provides solutions for institutional participation in the digital asset economy, including Bitcoin, tokenization, stablecoin payments, and AI-driven finance [4]. - Bakkt aims to meet the scale, security, and regulatory compliance needs of global institutions, positioning itself at the forefront of a transformation in financial systems [4].
Super League Announces Follow On Close of Private Placement Offering, Securing Total of $17.9 Million
Globenewswire· 2025-10-24 20:05
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].
Super League Announces $15.25 Million Private Placement Led by Strategic Digital Asset Investor Evo Fund, Strengthening Balance Sheet and Fortifying Shareholders Equity to Meet Nasdaq Requirements
Globenewswire· 2025-10-22 20:28
Core Viewpoint - Super League has successfully closed the first tranche of a private placement financing, raising $15.25 million, which will enable the company to become debt-free and fully capitalized, positioning it for expansion into the digital asset economy [1][2][3][4]. Financing Details - The first closing generated gross proceeds of $15.25 million, consisting of shares of common stock, pre-funded warrants, and warrants to purchase common stock [2]. - A second and final closing is expected to occur on or about October 24, 2025, subject to customary closing conditions [2]. Financial Restructuring - This financing is anticipated to help Super League regain compliance with Nasdaq's stockholders' equity listing requirements, marking the final steps in the company's restructuring towards sustainable profitability and long-term shareholder value creation [3]. - Following this transaction, Super League will be debt-free and fully funded, enhancing its financial flexibility and creating opportunities for accelerated growth [4][6]. Market Position and Strategy - Super League provides brands with solutions to reach over 200 million U.S. consumers who play video games, with the company now equipped to deepen partnerships and diversify its product portfolio [5]. - The company aims to capture a larger share of the nearly $1 trillion global advertising market, where in-game advertising currently represents less than 1% of the total [5]. - With strategic support from Evo Fund, Super League plans to expand its core gaming media business and pursue a digital asset strategy to unlock new economic opportunities [4][6]. Leadership and Future Outlook - The CEO of Super League stated that the financing marks the culmination of efforts to overhaul the balance sheet and focus on business growth, entering 2026 well-capitalized [6]. - The company plans to use the net proceeds from the offering for general corporate purposes, working capital, and strategic growth initiatives [6].