Workflow
Blockchain Technology
icon
Search documents
ThreeD Capital Inc. Congratulates DeLorean on Token Launch and Web 3 Expansion
Globenewswire· 2025-06-25 11:30
Core Insights - ThreeD Capital Inc. congratulates DeLorean Labs on the launch of its digital token, $DMC, which became available for trading on June 24, 2025 [1][2] - DeLorean is relaunching as an electric vehicle company and has introduced DeLorean Labs, focusing on blockchain-based solutions and digital assets [3][4] - The $DMC token allows users to purchase DeLorean vehicles and engage in exclusive collaborations, merging culture with real-world utility [5][6] Company Developments - ThreeD Capital holds 179,560,730 $DMC tokens and 332,518 common shares in Gullwing Holdings Inc., the parent company of DeLorean Motor Company [2] - DeLorean Labs has partnered with Mysten Labs and the Sui Foundation, launching on the Sui Launchpad and selling out its pre-sale [7][9] - The company is developing a blockchain-based vehicle reservation marketplace called FLUX, which aims to enhance transparency and security in vehicle transactions [8][11] Market Positioning - DeLorean is the first automotive company to launch an official token, positioning itself as a leader in integrating blockchain technology within the automotive industry [6][9] - The $DMC token serves as a currency for cultural convergence, allowing innovative interactions with brands [6] - DeLorean's approach includes incentivizing brand loyalty through exclusive offers and collaborations, aiming to strengthen connections with enthusiasts [10]
SRM Launches TRON Treasury Strategy with $100,000,000 Equity Investment
Globenewswire· 2025-06-16 12:30
Core Insights - SRM Entertainment, Inc. has entered into a Securities Purchase Agreement for a $100,000,000 equity investment to initiate a TRON Token Treasury Strategy, with Justin Sun as an advisor [1][4] - The investment will involve issuing 100,000 shares of Series B Convertible Preferred Stock, convertible into 200 million shares of common stock at a price of $0.50 per share, along with 220 million warrants [2] - The strategic investment is valued at $210,000,000 upon full exercise of the warrants, aimed at creating long-term value for shareholders through blockchain adoption [4] Company Overview - SRM Entertainment designs and manufactures custom merchandise for major theme parks and entertainment venues, distributing products worldwide [9] - The company is associated with multi-billion-dollar entertainment franchises featured in popular media [9] TRON Blockchain Overview - TRON is a decentralized blockchain founded in 2017, supporting smart contracts and decentralized applications, known for lower fees and faster transaction times compared to Bitcoin and Ethereum [10] - As of June 15, 2025, TRON hosts approximately 78.7 billion in US dollar stablecoins [10] - TRON aims to be the preferred protocol for on-chain settlement, with over 310 million international user accounts and average daily transactions exceeding $20 billion [5][6]
Earlyworks Co., Ltd. Reports Financial and Operational Performance for the Six Months Ended October 31, 2024
Globenewswire· 2025-03-03 21:15
Financial Performance - For the six months ended October 31, 2024, the Company's revenue increased by approximately JPY 170,039 thousand, reaching approximately JPY 224,984 thousand compared to the same period in 2023 [1][12] - Gross profit increased by approximately JPY 81,193 thousand, while net loss decreased by approximately JPY 74,789 thousand compared to the same period in 2023 [1] - Revenue from software and system development services increased by approximately JPY 212,888 thousand, attributed to the launch of the System Development Kit package for GLS [13] - Revenue from consulting and solution services increased by approximately JPY 6,016 thousand due to collaborations with large Japanese corporations [13] - Revenue from sales of NFTs decreased by approximately JPY 48,865 thousand due to a decline in demand in the NFT market [13] - Cost of revenue increased by approximately JPY 88,846 thousand, primarily due to the significant increase in revenue [14] - Total operating expenses decreased by approximately JPY 37,395 thousand, mainly due to a reduction in general and administrative expenses and research and development expenses [15] Company Developments - The Company was successfully listed on Nasdaq in July 2023, marking a significant milestone [2] - The proprietary blockchain platform, the "Grid Ledger System (GLS)," was completed in December 2023 and has been recognized for its high processing speed by multiple corporate clients [2] - The Company is preparing for a full-scale expansion of services, including system planning, development, consultation, and maintenance across various industries [3] - To accelerate growth in Web3-related businesses, the Company is promoting business alliances and collaborations to enhance GLS's reliability and market competitiveness [4] Organizational Structure - In November 2024, the Company appointed a Chief Operating Officer (COO) to drive business operations and improve sales activities [5] - A Chief Design Officer (CDO) role was established to enhance creative and design capabilities, focusing on user experience for GLS and other technologies [5] - The collaboration between the COO and CDO is expected to enable the execution of business strategies and deliver customer value [6] Financial Position - As of October 31, 2024, the Company had approximately JPY 243,979 thousand in cash and restricted cash, with total shareholders' equity decreasing to approximately JPY 220,559 thousand due to net loss [16] - Total assets as of October 31, 2024, were approximately JPY 380,153,967 [11]