Core Insights - Mobileye (MBLY) is positioned as a significant player in the autonomous driving sector, with strong growth potential due to its technology being utilized by leading OEMs for Advanced Driver Assistance Systems (ADAS) [1] Company Overview - Mobileye's technology is integral to the development of ADAS, indicating its critical role in the future of autonomous driving [1] Market Position - The firm is recognized for its impressive business model and solid potential in the rapidly evolving autonomous driving market [1]

As filed with the Securities and Exchange Commission on January 13, 2026. UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 MOVANO INC. (Exact name of registrant as specified in its charter) Delaware 3845 82-4233771 (State or other jurisdiction of (Primary Standard Industrial (I.R.S. Employer incorporation or organization) Classification Code Number) Identification No.) 6800 Koll Center Parkway Pleasanton, CA 94566 (415) ...

Core Viewpoint - Microsoft has introduced a "Community-First AI Infrastructure" plan consisting of five pillars to address local concerns regarding its growing data center presence [1] Group 1 - The plan aims to alleviate community concerns about the environmental and social impacts of data centers [1] - Microsoft is focusing on transparency, collaboration, and investment in local communities as part of this initiative [1] - The announcement is timely, coinciding with increasing scrutiny on tech companies' data center expansions [1]

Core Insights - SuRo Capital experienced a strong performance in 2025, driven by investments in AI and AI infrastructure, positioning the company well for 2026 [2] - The company generated significant liquidity from its portfolio, including distributions of $0.50 per share, reflecting the strength of its holdings and commitment to long-term value creation [2] - A $20.0 million commitment was made to Magnetar Opportunity 2025-4 LP, which is invested in TensorWave, Inc., a company focused on next-generation AI infrastructure [2][5] Investment Portfolio Update - As of December 31, 2025, SuRo Capital held positions in 35 portfolio companies, including 32 privately held and 3 publicly held [3] - Notable transactions during Q4 2025 included a $9.0 million exit from CW Opportunity 2 LP with a realized gain of $6.7 million, and a $3.1 million exit from Forge Global, Inc. with a gain of $1.1 million [3] - The company also recorded a loss of $1.0 million from Rebric, Inc. during the same period [3] Dividend Declarations - SuRo Capital declared a dividend of $0.25 per share on July 3, 2025, paid on July 31, 2025, and another $0.25 per share on November 3, 2025, paid on December 5, 2025 [6] Future Outlook - The company plans to report its fourth quarter and year-end 2025 results during the week of March 9, 2026, but is not providing a NAV range at this time due to ongoing confirmations of portfolio developments [2][11]

Core Viewpoint - A class action lawsuit has been filed against Fermi Inc. and its executives due to significant stock price drop attributed to potential violations of federal securities laws [1]. Group 1: Lawsuit Details - The lawsuit includes securities fraud claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934, and Sections 11 and 15 of the Securities Act of 1933 [3]. - Investors have until March 6, 2026, to request to lead the case, which is pending in the U.S. District Court for the Southern District of New York [3]. Group 2: Company Background - Fermi Inc. is an energy and AI infrastructure company aiming to build large-scale nuclear reactors to support grid-independent data centers for AI companies [4]. - The company's flagship project, Project Matador, is designed to provide dedicated power for AI workloads [4]. Group 3: IPO and Allegations - Fermi completed its IPO in October 2025, claiming strong demand for Project Matador and securing a 20-year lease with an investment-grade-rated tenant [5]. - Allegations suggest that Fermi overstated tenant demand and misrepresented the agreement with the First Tenant [6]. Group 4: Stock Price Impact - On December 12, 2025, Fermi's stock dropped by $5.16 per share, over 33%, following the announcement that the First Tenant terminated the construction funding agreement [7].

Core Viewpoint - La Rosa Holdings Corp. has successfully closed an initial tranche of $11 million under its $250 million private placement convertible note facility, enhancing its financial capacity to $1.25 billion, which will be utilized to develop AI infrastructure and a premium real estate portfolio [1][2]. Financing and Capital Structure - The initial closing of the $11 million note is part of a larger $250 million Note Facility, which, when combined with an existing $1 billion equity purchase facility, provides a total financing capacity of $1.25 billion [1][2]. - The notes and shares of common stock from the Note Facility are being offered under an exemption from registration under the Securities Act of 1933 [2]. Strategic Initiatives - The company is evaluating high-potential partnerships and joint ventures with established technology and infrastructure firms to develop advanced AI computing facilities [2]. - The CEO emphasized that closing the initial tranche marks a transition from evaluation to execution, positioning the company to act decisively on its AI infrastructure pipeline [2]. Business Model and Operations - La Rosa Holdings Corp. aims to transform the real estate industry by offering flexible compensation options for agents, including a revenue-sharing model and a 100% commission structure [4]. - The company provides both residential and commercial real estate brokerage services, along with technology-driven products and support for agents and franchise partners [5]. - La Rosa operates 25 corporate-owned brokerage offices across multiple states and has begun its expansion into Europe, starting with Spain [6].

Core Insights - Nebius Group N.V. (NBIS) is focusing on expanding and monetizing data center capacity in a competitive AI infrastructure market, with customer demand for AI compute remaining strong but limited by available data center capacity [1][9] - The company's expansion strategy emphasizes accelerating data center buildouts and securing long-term power capacity to support AI-driven growth [1][2] Expansion Strategy - Nebius is aggressively investing in expanding its global data center footprint, prioritizing securing power capacity ahead of deployment [2] - Management has contracted substantial power capacity, which provides visibility into future expansion and reduces execution risk [2][3] - Much of the upcoming data center capacity is presold, improving capital efficiency and lowering risks associated with large upfront investments [3] Growth Projections - The company is targeting 2.5 gigawatts of contracted power by 2026, an increase from the earlier projection of 1 gigawatt [4] - Nebius plans to have approximately 800 megawatts to 1 gigawatt of fully built and connected data center power by the end of 2026 [4] - The company aims for $7–$9 billion in annual recurring revenue by 2026 [5] Competitive Landscape - Competitors like CoreWeave are also scaling their data center footprint, with CoreWeave expanding its active power footprint to about 590 megawatts and increasing contracted power capacity to approximately 2.9 gigawatts [7] - Microsoft plans to increase its total AI capacity by over 80% in 2025 and double its data center footprint in the next two years, indicating a highly competitive environment [10][11] Financial Performance - Nebius shares have gained 213% in the past year, outperforming the Internet – Software and Services industry, which grew by 29.4% [12] - However, Nebius appears overvalued with a Price/Book ratio of 5.04X compared to the industry average of 3.92X [13]

Core Viewpoint - Fermi, Inc. is facing a class action lawsuit due to alleged misrepresentations regarding tenant demand and agreements related to its Project Matador, which has led to significant stock price declines [1][5][6]. Company Overview - Fermi, Inc. is an energy and AI infrastructure company focused on building large-scale nuclear reactors to support grid-independent data centers for AI companies [3]. - The company's flagship project, Project Matador, aims to provide dedicated power for AI workloads [3]. IPO and Initial Representations - Fermi completed its IPO in October 2025, claiming strong demand for Project Matador and securing a 20-year lease agreement with an investment-grade-rated tenant [4]. - The First Tenant was reported to advance up to $150 million for construction costs of Project Matador [4]. Allegations and Stock Impact - Allegations have surfaced that Fermi overstated tenant demand and misrepresented the agreement with the First Tenant [5]. - Following the termination of the Advance in Aid of Construction Agreement by the First Tenant, Fermi's stock price dropped by $5.16, or over 33%, from $15.25 to $10.09 per share [6].

Financial Data and Key Metrics Changes - Revenues for the fiscal second quarter of 2026 were $126.6 million, up 250% from $36.2 million in the prior year [12] - Adjusted EBITDA for the quarter totaled $20.2 million [15] - Net loss was $31.2 million, or $0.11 per share, while adjusted net income was positive $100,000 or $0 per share [15] Business Line Data and Key Metrics Changes - The data center hosting segment generated $41.6 million of revenue, up 15% compared to the prior year, driven by increased capacity online [13] - Turnkey fit-out services associated with the HPC hosting business contributed $73 million to revenue [12] Market Data and Key Metrics Changes - The company has secured two hyperscale leases in North Dakota, representing 600 MW of lease capacity and approximately $16 billion in prospective lease revenue [6] - Inbound demand has increased significantly, with advanced discussions ongoing with another investment-grade hyperscaler across multiple regions [6] Company Strategy and Development Direction - The company aims to surpass its long-term goal of $1 billion in NOI within five years, leveraging low-cost energy and a supportive regulatory environment in the Dakotas [17] - A non-binding letter of intent has been entered to combine Applied Digital Cloud with Exo to form Chronoscale, allowing each to scale independently [20] Management's Comments on Operating Environment and Future Outlook - Management noted that the contracting environment has become more favorable over the past six months, with stable to slightly better pricing and improved contract terms [31] - The company is focused on scaling construction across multiple sites and ensuring timely delivery to customers [49] Other Important Information - The company ended the second fiscal quarter with $2.3 billion in cash and cash equivalents, compared to $2.6 billion in debt [15] - The company is exploring ways to add power to the grid without increasing costs to customers, reinforcing its leadership in data center design [18] Q&A Session Summary Question: Growth appetite in the cloud business and future GPU purchases - Management highlighted the advantage of having access to large-scale data center facilities for deploying accelerated compute, which will benefit the cloud business as it spins out [22][23] Question: Landscape for leases and pricing changes - Management indicated that pricing has been stable to slightly better, with more favorable terms in contracts [30][31] Question: Advanced discussions on new sites - Management confirmed advanced discussions on three sites totaling 900 MW [46][47] Question: Expansion opportunities at PF1 and PF2 - Management stated that each campus has the potential to scale to at least a gigawatt, with a clear path to grow capacity to 5 GW by 2030 or 2031 [72][75]

Financial Data and Key Metrics Changes - Revenues for the fiscal second quarter of 2026 were $126.6 million, up 250% from $36.2 million in the prior year [12] - Adjusted EBITDA for the quarter totaled $20.2 million [16] - Net loss was $31.2 million, or $0.11 per share, while adjusted net income was positive $100,000 or $0 per share [16] Business Line Data and Key Metrics Changes - The HPC hosting business generated $73 million in revenue from turnkey fit-out services, and $12 million from the first CoreWeave lease at Polaris Forge One [13] - The data center hosting segment contributed $41.6 million in revenue, up 15% compared to the prior year, driven by increased capacity online [14] Market Data and Key Metrics Changes - The company has secured two hyperscale leases in North Dakota, representing 600 megawatts of lease capacity and approximately $16 billion in prospective lease revenue [5] - Inbound demand has increased significantly, with advanced discussions ongoing with another investment-grade hyperscaler across multiple regions [5] Company Strategy and Development Direction - The company aims to maintain a competitive advantage in the Dakotas due to low-cost energy and ample land for expansion [7] - Plans to spin out Applied Digital Cloud to form Chronoscale, a dedicated GPU-accelerated compute platform, allowing each business to scale independently [20] - The company is committed to responsible development and community partnerships, investing in initiatives that support local development [19] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in surpassing the long-term goal of $1 billion in NOI within five years, driven by robust hyperscaler investment exceeding $400 billion annually [18] - The company is focused on maintaining a strong balance sheet and liquidity position to support future investments [16] Other Important Information - The company completed a $2.35 billion private offering of senior secured notes to finance the Polaris Forge One site [12] - The company has a multi-layered financing framework that allows leveraging third-party capital while retaining majority ownership of each site [11] Q&A Session Summary Question: Growth appetite in the cloud business and Chronoscale's future - Management highlighted the advantage of having access to large-scale data center facilities for Chronoscale, which will help attract customers [24] Question: Landscape for leases and pricing changes - Management noted that lease pricing has been stable to slightly better over the past six months, with more favorable contract terms being secured [31] Question: Expansion opportunities at PF1 and PF2 - Management confirmed that each campus has the potential to scale to at least a gigawatt, with a clear path to grow capacity to 5 gigawatts by 2030 or 2031 [72]