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Black Titan Secures $200 Million from a U.S.-Based Institutional Investor to Scale Its DAT+ Vision
Accessnewswire· 2026-01-17 02:00
Core Viewpoint - Black Titan Corporation has entered into a securities purchase agreement for a convertible note financing facility of up to $200 million, indicating strong institutional confidence in the company's strategic direction and growth initiatives [1] Group 1: Financing Details - The financing facility is with a U.S.-based institutional investor and amounts to $200 million [1] - This capital commitment is expected to support the Company's DAT+ strategy, which focuses on digital asset-related initiatives [1] Group 2: Strategic Focus - The DAT+ strategy emphasizes utility, risk management, liquidity, and institutional-grade operational readiness [1] - The announcement reflects the company's commitment to advancing its strategic initiatives in the digital asset space [1]
ROSEN, GLOBAL INVESTOR COUNSEL, Encourages DeFi Technologies, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action – DEFT
Globenewswire· 2025-12-22 20:05
Core Viewpoint - Rosen Law Firm is reminding investors who purchased securities of DeFi Technologies, Inc. during the specified Class Period of the upcoming lead plaintiff deadline for a class action lawsuit [1] Group 1: Class Action Details - Investors who purchased DeFi Technologies securities between May 12, 2025, and November 14, 2025, may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2] - A class action lawsuit has already been filed, and interested parties can join by submitting a form or contacting the law firm [3][6] - The deadline to move the Court to serve as lead plaintiff is January 30, 2026, with the lead plaintiff acting on behalf of other class members [3] Group 2: Law Firm Credentials - Rosen Law Firm has a strong track record in securities class actions, having achieved the largest securities class action settlement against a Chinese company and being ranked No. 1 for the number of settlements in 2017 [4] - The firm has recovered hundreds of millions of dollars for investors, including over $438 million in 2019 alone [4] - Founding partner Laurence Rosen was recognized as a Titan of Plaintiffs' Bar by Law360 in 2020, and many attorneys at the firm have received accolades from Lawdragon and Super Lawyers [4] Group 3: Case Allegations - The lawsuit alleges that DeFi Technologies made false and misleading statements regarding delays in executing its DeFi arbitrage strategy, which was a key revenue driver [5] - It is claimed that the company understated the competition it faced from other digital asset treasury companies, impacting its ability to execute its strategy [5] - The lawsuit asserts that DeFi Technologies was unlikely to meet its revenue guidance for fiscal year 2025 due to these issues, leading to materially false public statements [5]
ZOOZ Launches New Dashboard And Cuts Costs
Prnewswire· 2025-12-16 13:46
Core Insights - ZOOZ Strategy is launching an interactive dashboard to provide real-time access to key market data, enhancing transparency and understanding of the company's operations and financial position [1][2][3] Group 1: Dashboard Features - The dashboard will display stock performance, market trends, KPIs, and milestone achievements, serving as a streamlined tool for stakeholders [2] - The launch of the dashboard aligns with ZOOZ's efforts to reduce expenditures ahead of the 2026 fiscal year, supporting efficiency goals and strengthening operational foundations [2] Group 2: Company Strategy - ZOOZ is the first dual-listed company on Nasdaq and TASE implementing a long-term Bitcoin treasury strategy, aiming to provide shareholders with long-term exposure to Bitcoin while adhering to financial and regulatory standards [3] - The company emphasizes its commitment to transparency and strategic decision-making, as articulated by CEO Jordan Fried [3]
Univest Securities, LLC Announces Closing of $4.0 Million Registered Direct Offering for its Client Jiuzi Holdings, Inc. (NASDAQ: JZXN)
Globenewswire· 2025-12-15 22:00
Core Viewpoint - Univest Securities, LLC has successfully closed a registered direct offering of approximately $4.0 million for Jiuzi Holdings, Inc., a company focused on sustainable energy and financial innovation [1][3]. Group 1: Offering Details - Jiuzi Holdings, Inc. has agreed to sell 1,600,000 Class A ordinary shares at a purchase price of $2.50 per share, with a par value of $0.078 per share [2]. - The total gross proceeds from the offering amount to approximately $4.0 million [3]. - The offering was conducted under a shelf registration statement on Form F-3, which was declared effective by the SEC on December 14, 2022 [4]. Group 2: Company Information - Jiuzi Holdings, Inc. is a China-based company that focuses on sustainable energy and financial innovation, expanding into digital asset finance to provide compliant gateways for institutional investors [7]. - Univest Securities, LLC, established in 1994, offers a variety of financial services globally, including investment banking and advisory, and has raised over $1.7 billion in capital for issuers since 2019 [6].
DEFT ALERT: Kirby McInerney LLP Reminds DeFi Technologies Investors of Important Deadline in Class Action Lawsuit
Businesswire· 2025-12-12 23:00
Core Viewpoint - The lawsuit against DeFi Technologies alleges that the company made misleading statements regarding its financial performance and competitive landscape, leading to significant losses for investors during the specified class period [2]. Group 1: Lawsuit Details - The lawsuit is on behalf of investors who purchased securities from May 12, 2025, to November 14, 2025, alleging false statements and omissions regarding the company's DeFi arbitrage strategy and competition [2]. - Key allegations include delays in executing the DeFi arbitrage strategy, understatement of competition from digital asset treasury companies, and an inability to meet previously issued revenue guidance for fiscal year 2025 [2]. Group 2: Financial Impact - On November 6, 2025, DeFi's share price fell by approximately 7.43%, from $1.75 to $1.62, following a press release indicating that digital asset treasury companies had absorbed a significant share of arbitrage opportunities [3]. - Following the Q3 2025 financial results announcement on November 14, 2025, which reported a nearly 20% revenue decline and a lowered revenue forecast from $218.6 million to approximately $116.6 million, the share price dropped by about 14.63%, from $1.23 to $1.05 [4].
JIUZI HOLDINGS, INC. Announces $4.0 Million Registered Direct Offering
Globenewswire· 2025-12-12 18:18
Core Points - Jiuzi Holdings, Inc. has entered into a definitive agreement for the purchase and sale of 1,600,000 Class A ordinary shares at a price of $2.5 per share, totaling approximately $4.0 million in gross proceeds [1][2] - The transaction is expected to close on or about December 15, 2025, subject to customary closing conditions [2] - The offering is made pursuant to a shelf registration statement previously filed and declared effective by the SEC [3] Company Overview - Jiuzi Holdings, Inc. is a China-based company focused on sustainable energy and financial innovation, expanding into digital asset finance to provide compliant gateways for institutional investors [5]
Circle Receives Conditional Approval from OCC for National Trust Charter
Businesswire· 2025-12-12 16:23
Core Insights - Circle Internet Group, Inc. has received conditional approval from the Office of the Comptroller of the Currency (OCC) to establish a national trust bank named First National Digital Currency Bank, N.A. This approval is a significant step in enhancing the infrastructure for USDC, the largest regulated stablecoin globally, and aligns with the requirements of the GENIUS Act, which became law in July 2025 [1][2] Group 1: Regulatory Approval and Compliance - The conditional approval from the OCC allows Circle to operate as a federally regulated trust bank, which will oversee the management of the USDC Reserve [1] - Circle's commitment to high standards of trust and compliance is emphasized by its establishment of a national digital currency trust bank, enhancing safety and regulatory oversight for USDC [2] - Circle has a history of pursuing regulatory pathways, including being the first to receive a BitLicense in 2015 and complying with the EU's MiCA framework in 2024 [3] Group 2: Business Operations and Services - The First National Digital Currency Bank will enable Circle to offer fiduciary digital asset custody and related services to institutional customers, further aligning U.S. operations with global regulatory standards [2] - Circle's platform includes the USDC stablecoin network, Circle Payments Network for global transactions, and Arc, an enterprise-grade blockchain aimed at becoming the Economic OS for the internet [4] - Circle has obtained various regulatory licenses across multiple jurisdictions, including the UK, Singapore, Bermuda, and Abu Dhabi, demonstrating its global operational reach [3]
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]
DEFT: Kirby McInerney LLP Advises DeFi Technologies Investors of Class Action Lawsuit
Globenewswire· 2025-12-04 23:00
Core Viewpoint - The lawsuit against DeFi Technologies alleges securities fraud, claiming that the company misled investors regarding its operational challenges and financial performance during the specified class period [3]. Summary by Sections Lawsuit Details - The lawsuit is on behalf of investors who purchased DeFi securities from May 12, 2025, to November 14, 2025, alleging that the company made false statements and failed to disclose critical operational issues [3]. - Key allegations include delays in executing the DeFi arbitrage strategy, underestimating competition from digital asset treasury companies, and the likelihood of not meeting revenue guidance for fiscal year 2025 [3]. Financial Performance - On November 6, 2025, DeFi reported that "DATs have absorbed or delayed a significant share of arbitrage opportunities," leading to a share price decline of approximately 7.43%, from $1.75 to $1.62 [4]. - On November 14, 2025, DeFi announced a nearly 20% revenue decline, significantly lowering its 2025 revenue forecast from $218.6 million to approximately $116.6 million, attributing this to delays in executing arbitrage opportunities [5]. - Following the financial results announcement, DeFi's share price fell by approximately 14.63%, from $1.23 to $1.05 [5].
Bakkt Completes Capital Structure Simplification and Single-Class Stock Transition
Globenewswire· 2025-11-04 21:15
Core Viewpoint - Bakkt Holdings, Inc. has completed its reorganization, transitioning to a single class of common stock, which simplifies its capital structure and aligns shareholder rights [1][2]. Group 1: Company Overview - Bakkt was founded in 2018 and aims to build next-generation financial infrastructure, facilitating institutional participation in the digital asset economy, including Bitcoin and stablecoin payments [3]. - The company is positioned to play a central role in the transformation of financial systems, focusing on security, regulatory compliance, and scalability [3]. Group 2: Reorganization Impact - The reorganization eliminates the Up-C structure, resulting in cost savings and a simplified capital structure for Bakkt [2]. - All shareholders now possess a single class of common stock, enhancing economic and governance rights alignment [2]. - The CEO of Bakkt, Akshay Naheta, emphasized that this milestone is crucial for the company's future focus on execution, scale, and long-term value creation for shareholders [2].