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NetraMark Closes First Tranche of Private Placement
Globenewswire· 2026-01-28 13:30
Core Viewpoint - NetraMark Holdings Inc. has successfully closed the first tranche of a non-brokered private placement, raising gross proceeds of $3,110,000, which will be utilized for working capital and general corporate purposes [1][4]. Group 1: Private Placement Details - The first tranche involved the issuance of 3,110,000 units at a price of $1.00 per unit, with each unit consisting of one common share and one-half of a common share purchase warrant [2]. - Each warrant allows the holder to acquire an additional common share at an exercise price of $1.35 for a period of two years from the closing date [2]. - The securities issued are subject to a hold period expiring on May 28, 2026, as per applicable securities laws [3]. Group 2: Future Tranche and Financial Commitments - The company has received commitments for the second and final tranche of the private placement, expected to close soon for additional gross proceeds of $390,000 [4]. - Following the first tranche, there are now 91,778,520 common shares of NetraMark issued and outstanding [3]. Group 3: Insider Participation - Certain insiders participated in the first tranche, subscribing for a total of 2,060,000 units, which is classified as a related party transaction [5]. - The company is exempt from formal valuation and minority shareholder approval requirements due to the nature of the transaction and its market capitalization [5]. Group 4: Company Overview - NetraMark is focused on developing Generative Artificial Intelligence (Gen AI) and Machine Learning (ML) solutions for the pharmaceutical industry, utilizing a novel topology-based algorithm to analyze patient data [8]. - The company's AI technology, NetraAI, is designed to improve clinical trial success rates by effectively segmenting patient data into explainable and unexplainable subsets, addressing issues of overfitting common in other AI methods [7].
Eikon Therapeutics(EIKN) - Prospectus(update)
2026-01-28 11:03
Table of Contents As filed with the Securities and Exchange Commission on January 28, 2026. Registration No. 333-292633 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 EIKON THERAPEUTICS, INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) AMENDMENT NO. 1 TO FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 Delaware 2836 84-2807586 (Primary Standard Industrial Classification Code Number) 230 Harriet ...
Invea Therapeutics(INAI) - Prospectus(update)
2026-01-27 22:26
As filed with the Securities and Exchange Commission on January 27, 2026. Registration Statement No. 333-292131 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 __________________________________ AMENDMENT NO. 3 TO FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 __________________________________ Invea Therapeutics, Inc. (Exact name of registrant as specified in its charter) __________________________________ Delaware 2834 87-3198325 (State or other jurisdiction of in ...
ARM hires 50 AI experts laid off by Sony Israel
En.Globes.Co.Il· 2026-01-27 18:52
A group of about 50 AI experts laid off by Sony Israel has moved to the Israel offices of British chip giant ARM, "Globes" has learned. Sony Israel, based in Hod Hasharon, announced in November that it was shutting down its R&D office in Israel after 10 years. To support its employees, Sony promised to help finance the re-establishment of Altair, the Israeli startup it acquired in 2016, which was then developing 4G cellular communication chips. It was believed that only some of the 200 employees would be ...
Triumph Financial TFIN Q4 2025 Earnings Transcript
Yahoo Finance· 2026-01-27 16:42
Core Insights - The company reported progress towards its long-term goals, emphasizing revenue growth and operational efficiency despite challenging market conditions in the trucking industry [3][4][5] - The management team aims to enhance transaction confidence in the industry by strengthening their network for secure data and payment transmission [4][6] - Load Pay is expected to significantly contribute to revenue growth, with a target of tripling its annualized revenue from $1.5 million in 2025 to $4.5 million in 2026 [10][11] Financial Performance - The company achieved a 30% EBITDA margin in its core payments business, with expectations to maintain or exceed this level in 2026 [5][27] - The factoring segment's pretax margin improved to approximately 33% in Q4 2025, driven by technology and automation enhancements [20][22] - The company anticipates continued revenue growth in the payments segment, with a projected 25% increase in payments revenue for 2026 [25][30] Strategic Initiatives - The company plans to open between 7,000 to 12,000 new accounts in Load Pay, aiming for higher utilization rates to increase revenue per account [10][11] - There is a focus on cross-selling opportunities, with only 22% of customers currently using both payments and audit services, indicating significant room for growth [16][17] - The management is optimistic about leveraging artificial intelligence and machine learning to enhance operational efficiency and drive margins higher in the factoring business [22][23] Market Positioning - The company has successfully integrated JB Hunt into its network, which is expected to bolster revenue contributions [5][25] - The management acknowledges the evolving nature of the payments network and its potential to create efficiencies for factoring companies, although adoption rates may vary [36][40] - The company is committed to maintaining a strong balance sheet to navigate unforeseen market cycles while pursuing growth opportunities [6][7]
Triumph Financial Q4 Earnings Call Highlights
Yahoo Finance· 2026-01-27 16:39
On profitability, Graft said management expects to “grow revenue and hold expenses in check” in 2026. As one example, he said the company’s core payments business is currently producing an EBITDA margin above 30% and should trend higher in 2026, with a longer-term goal of 50% or greater. He also positioned LoadPay as a future contributor to more capital-efficient margins inside the payments segment, calling the industrial logic of directly connecting payors and payees across the bank’s payment rails “increa ...
Triumph Financial(TFIN) - 2025 Q4 - Earnings Call Transcript
2026-01-27 16:30
Financial Data and Key Metrics Changes - The company reported a focus on revenue growth and lean operations, with non-recurring items positively impacting results, indicating a strong performance trajectory towards long-term goals [1][4] - The core payments business is expected to maintain an EBITDA margin above 30% in 2026, aiming for 50% or greater in the long term [5][40] Business Line Data and Key Metrics Changes - LoadPay exited the quarter with annualized revenue of $1.5 million, with guidance to triple this amount in 2026 through a combination of account growth and increased revenue per account [11][12] - The pre-tax margin for factoring improved to around 33% in Q4, driven by technology and automation, with expectations for continued margin expansion [24][27] Market Data and Key Metrics Changes - The company anticipates a flat freight market for the upcoming year, which will influence growth projections for the factoring business [18] - The percentage of payments charged a fee increased from 31% to 35% in Q4, with December reaching 38% [21] Company Strategy and Development Direction - The management's strategy focuses on strengthening the network for secure data and payment transmission, aiming to translate this vision into profits [4][5] - The company is committed to maintaining a strong balance sheet to withstand unforeseen cycles while working through legacy assets [6] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the challenges in the trucking industry but expressed confidence in the company's value proposition and growth trajectory [4] - The company is focused on improving cross-selling opportunities, particularly between audit and payment customers, to drive revenue growth [44] Other Important Information - The company has welcomed J.B. Hunt to its network, which is expected to contribute positively to revenue [4][32] - Management emphasized the importance of maintaining capital for resilience during downturns [6] Q&A Session Summary Question: Expense outlook and impact of asset sales - Management confirmed that the $6 million savings from the sale of a building and airplane are included in the first quarter expense estimates [10] Question: LoadPay revenue growth assumptions - LoadPay's revenue growth will come from opening 7,000 to 12,000 accounts and increasing utilization, with a target of $750 revenue per account [11] Question: Factoring as a Service contribution to growth - Factoring as a Service is growing rapidly but remains a small percentage of overall growth; projections assume a flat freight market [17] Question: Cross-selling opportunities with audit and payment customers - Only 14% of current audit and payment customers use the intelligence solution, indicating significant cross-selling potential [44] Question: Expected revenue contribution from J.B. Hunt - Specific revenue contributions from J.B. Hunt cannot be disclosed, but it aligns with previous guidance on pricing relationships [34] Question: Credit loss expense and risk management - The company reported a negative credit loss expense, indicating recoveries exceeded new provisions; focus remains on understanding borrower risks [66][68] Question: ABL business strategy - The ABL business was expected to complement transportation offerings but has not performed as anticipated, leading to non-transportation-related exposure [70]
NextNRG, Inc. Announces Strategic Investment
Globenewswire· 2026-01-27 16:20
Core Insights - NextNRG, Inc. has completed a strategic equity investment to enhance its balance sheet and support growth initiatives in mobile fueling operations, smart microgrid deployments, and integrated energy infrastructure [1][2][4] Investment Details - The transaction was finalized with an accredited investor and includes customary representations and covenants, indicating a strong commitment to the company's future [2][3] - The strategic investor plans to make additional investments over the next five to six months to support working capital and growth, purchasing restricted stock without registration rights [3] Company Strategy - NextNRG integrates AI and machine learning into utility infrastructure, battery storage, wireless EV charging, renewable energy, and mobile fuel delivery, aiming to create a unified platform for modern energy management [5][6] - The company's core strategy revolves around the Next Utility Operating System®, which optimizes infrastructure across microgrids, utilities, and fleet operations, providing cost savings, reliability, and decarbonization [6]
ScanTech AI Systems Management Presents Recompliance Plan to Nasdaq Hearing Panel, Provides Update on Re-Compliance Execution
Globenewswire· 2026-01-27 13:30
Atlanta, GA, Jan. 27, 2026 (GLOBE NEWSWIRE) -- ScanTech AI Systems Inc. (the "Company" or "ScanTech AI") (Nasdaq: STAI) today announced that its Chief Executive Officer, Dolan Falconer, and Chief Financial Officer, James White, presented on behalf of the Company at a hearing before the Nasdaq Hearings Panel on January 22, 2026. During the hearing, management outlined the Company’s progress to date and its ongoing plan to address the remaining listing compliance matter, consistent with the written submission ...
OSS Announces New Multi-Year Platform Award with Top-Tier Aerospace Prime Contractor
Globenewswire· 2026-01-27 13:00
Order supports commercial aerospace in-flight entertainment systems, with potential for five-year revenue pipeline of over $6.5 millionESCONDIDO, Calif., Jan. 27, 2026 (GLOBE NEWSWIRE) -- One Stop Systems, Inc. (OSS or the Company) (Nasdaq: OSS), a leader in rugged Enterprise Class compute for artificial intelligence (AI), machine learning (ML) and sensor processing at the edge, today announced a new $1.1 million initial order from a top-tier aerospace prime contractor to support next-generation in-flight e ...