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Eason Technology Limited Receives Notification from NYSE Regarding Delayed Form 20-F Filing
Prnewswire· 2025-05-23 10:30
Core Viewpoint - Eason Technology Limited is currently not in compliance with NYSE American listing standards due to the failure to timely file its 2024 Form 20-F, which was due by May 15, 2025 [1][3]. Group 1: Compliance and Filing Status - The company received a notice from NYSE Regulation regarding its non-compliance with continued listing standards [1]. - The company is subject to a six-month Initial Cure Period until November 15, 2025, to rectify the Filing Delinquency [2]. - If the company fails to cure the delinquency within the Initial Cure Period, it may be granted an Additional Cure Period of up to six months, or face suspension and delisting procedures [2]. Group 2: Reasons for Filing Delay - The company cited delays in completing its financial statements for the period ended December 31, 2024, as the reason for not filing the 2024 Form 20-F on time [3]. - The company is making efforts to file the 2024 Form 20-F as soon as possible within the Initial Cure Period, but there is no assurance of regaining compliance [3]. Group 3: Impact on Trading - The delinquency notice does not have an immediate impact on the listing of the company's American Depositary Shares (ADSs), which will continue to be traded on NYSE American during the cure period [4]. Group 4: Company Overview - Eason Technology Limited is engaged in real estate operation management and investment, as well as digital technology security business in Hong Kong, China [5].
Everbright Digital Holdings Limited Announces Closing of Partial Exercise of Over-Allotment Option
Globenewswire· 2025-05-22 20:15
HONG KONG, May 22, 2025 (GLOBE NEWSWIRE) -- Everbright Digital Holdings Limited (the “Company” or “Everbright”) (Nasdaq: EDHL), an integrated marketing solutions provider headquartered in Hong Kong, today announced that it has issued an additional 160,000 ordinary shares (the “Ordinary Shares”) at a price of US$4.00 per share for gross proceeds of approximately $640,000, before deducting underwriter discounts and other related expenses, pursuant to the partial exercise of the underwriter’s over-allotment op ...
Matador Technologies Inc. Announces Additional Non-Brokered Private Placement
Globenewswire· 2025-05-22 19:30
Core Viewpoint - Matador Technologies Inc. is conducting a non-brokered private placement offering to raise up to C$4,000,000 by issuing units priced at $0.62 each, with an option to increase the offering by 15% [1][4]. Group 1: Offering Details - The offering consists of up to 6,451,613 units, each unit comprising one common share and one-half of a common share purchase warrant [1][2]. - Each warrant allows the holder to purchase an additional common share at a price of $0.77 for a period of twelve months from issuance [2]. - The warrants include an acceleration clause, allowing the company to shorten the expiry date if the share price exceeds $1.15 for five consecutive trading days [3]. Group 2: Use of Proceeds - The net proceeds from the offering will be allocated approximately one-third to the purchase of Bitcoin, one-third to advancing gold acquisition and Grammies business initiatives, and one-third for general corporate purposes [5]. Group 3: Company Overview - Matador Technologies Inc. is a Bitcoin-focused company that holds Bitcoin as its primary treasury asset and develops products to enhance the Bitcoin network [6]. - The company's flagship offering, the Digital Gold Platform, allows users to buy, sell, and trade 1-gram gold units inscribed as Bitcoin Ordinals, integrating traditional value with decentralized technology [7].
Lottery.com and Sports.com Make Historic Dual Sponsorship Debut at the 109th Running of the Indianapolis 500
Globenewswire· 2025-05-22 17:30
Landmark brand positioning catapults both Lottery.com and Sports.com to center stage at “The Greatest Spectacle in Racing” - the Indy500INDIANAPOLIS, May 22, 2025 (GLOBE NEWSWIRE) -- Lottery.com Inc. (Nasdaq: LTRY, LTRYW) (“Lottery.com” or “the Company”) and Sports.com proudly announce a historic dual sponsorship activation at this weekend’s Indianapolis 500 — the largest single-day sporting event in the world. This milestone marks the official motorsport debut in the NTT IndyCar Series for both brands and ...
Onfolio Holdings Loss Widens in Q1, Revenues Surge 77% Y/Y
ZACKS· 2025-05-22 16:36
Core Viewpoint - Onfolio Holdings, Inc. has experienced a decline in stock price despite significant revenue growth, indicating investor caution regarding the company's financial performance and future profitability [1][12]. Revenue & Earnings Performance - The company reported a 77% increase in revenues for Q1 2025, reaching $2.81 million, up from $1.59 million in Q1 2024, driven by organic growth and contributions from acquisitions [2]. - Gross profit rose 70% to $1.71 million from $1 million year-over-year, reflecting improved service revenues and margin gains despite rising costs [2]. - A net loss of $0.9 million was reported, widening 61% from a loss of $0.6 million in the previous year, with loss per share increasing to 18 cents from 11 cents [3]. Cost and Expense Analysis - Cost of revenues surged 90% year-over-year to $1.10 million, aligning with growth in service delivery and product sales [4]. - Operating expenses increased 71% to $2.49 million from $1.46 million, driven by higher selling, general and administrative costs, professional fees, and a one-time spike in stock-based compensation [4]. - Stock-based compensation accounted for $272,930 of the expense increase, primarily non-recurring [4]. Adjusted EBITDA and Cash Flow - Adjusted EBITDA for the quarter was negative $88,310, an improvement from negative $472,163 in Q1 2024, indicating a more favorable trend in core earnings when excluding one-time costs [5]. - Cash burn was reduced to $145,049 in Q1 2025 from $431,007 in the same period last year, reflecting operational improvements [6]. Business Segmentation and Growth Drivers - B2B services, particularly from RevenueZen and Eastern Standard, significantly contributed to revenue growth, with B2B revenues soaring to $1.69 million from $678,122 year-over-year [7]. - The gross profit margin improved due to a decline in product sales' cost ratio and the addition of higher-margin service revenues [7]. Interest Expenses and Financial Obligations - Interest expenses increased more than fivefold year-over-year to $100,720, influenced by debt-financed acquisitions and preferred stock dividends totaling $103,921 for the quarter [8]. Management Guidance and Strategy - Management remains confident in achieving profitability in the second half of 2025, contingent on successful execution of organic growth initiatives and targeted acquisitions [10]. - The company is expanding its AI integration strategy, focusing on automated content production and marketing efficiencies to enhance margins [10]. Recent Developments - No new acquisitions were closed in Q1 2025, but the company continued integrating its 2024 acquisitions, funded through a mix of seller notes, preferred equity, and debt [11]. - Onfolio successfully raised $700,000 in Series A Preferred Shares during the quarter to strengthen its balance sheet for future expansion [11].
Azerion Launches Open and Independent Multi-Cloud and AI Platform
Globenewswire· 2025-05-22 13:32
Amsterdam, 22 May 2025 – Azerion, the leading European digital advertising company, is launching its new Multi-Cloud and AI platform, Azerion Intelligence. In a time where independence, open choices and scalable AI compute power are more relevant than ever, Azerion offers European businesses affordable, independent cloud hosting, access to open-source AI capabilities, and a marketplace of AI-powered apps and agents tailored for digital marketing and publishing. This new platform by Azerion enables AI-enha ...
AGRIForce CEO Jolie Kahn to Speak at Bitcoin 2025 Conference
Globenewswire· 2025-05-22 13:10
Core Insights - AgriFORCE Growing Systems Ltd. is participating in Bitcoin 2025, focusing on agricultural and digital energy innovation [1][4] - CEO Jolie Kahn will discuss the impact of AI, demand response, and heat reuse on Bitcoin mining efficiency [2][3] Company Overview - AgriFORCE is a technology company addressing challenges in agriculture, digital infrastructure, and environmental innovation [5] - The company emphasizes energy-efficient operations and long-term value creation through proprietary infrastructure strategies and clean energy deployment [5] Event Details - The Bitcoin 2025 Conference will take place from May 27–29, 2025, in Las Vegas, attracting stakeholders from blockchain, energy, and digital infrastructure sectors [4] - Jolie Kahn's panel discussion is scheduled for May 28, 2025, at 12:00 PM, focusing on innovative strategies in the Bitcoin mining sector [3]
HIVE Digital Technologies achieves 9.5 EH/s hashrate, targets 25 EH/s by year-end
Proactiveinvestors NA· 2025-05-22 12:42
Company Overview - Proactive is a financial news publisher that provides fast, accessible, informative, and actionable business and finance news content to a global investment audience [2] - The company has a team of experienced and qualified news journalists who produce independent content [2] Market Focus - Proactive specializes in medium and small-cap markets while also covering blue-chip companies, commodities, and broader investment stories [3] - The news team delivers insights across various sectors including biotech and pharma, mining and natural resources, battery metals, oil and gas, crypto, and emerging digital and EV technologies [3] Technology Adoption - Proactive is recognized for its forward-looking approach and enthusiastic adoption of technology to enhance workflows [4] - The company utilizes automation and software tools, including generative AI, while ensuring that all content is edited and authored by humans [5]
Benchmark Initiates Research Coverage of TNL Mediagene
Prnewswire· 2025-05-22 12:02
Company Overview - TNL Mediagene is a Tokyo-based digital media and data group formed in May 2023 through the merger of Taiwan's The News Lens Co. and Japan's Mediagene Inc. [5] - The company operates original and licensed media brands in Japanese, Chinese, and English, covering various topics including news, business, technology, science, food, sports, and lifestyle [5]. - TNL Mediagene offers AI-driven advertising services, marketing technology platforms, e-commerce, and innovative solutions tailored to advertising agencies [5]. - The company is known for its political neutrality, appeal to younger audiences, and high-quality content, employing approximately 500 staff across Asia with offices in Japan, Taiwan, and Hong Kong [5]. Research Coverage - The Benchmark Company, LLC has initiated research coverage of TNL Mediagene, providing an independent research report that reflects their views [1][2]. - Benchmark is recognized for delivering superior client service and in-depth market and industry expertise, covering over 400 companies across multiple industries [4]. Strategic Focus - TNL Mediagene's operations are focused on expanding its footprint in the digital media landscape, leveraging its diverse media brands and technological capabilities to enhance its market position [5][4].
中远海科:2025年继续保持战略定力 提供有价值的数字化赋能产品和数据服务
Quan Jing Wang· 2025-05-22 10:11
Core Viewpoint - The company aims to maintain strategic focus in 2025, actively engaging with the service market and tracking the shipping logistics industry's demands while leveraging its competitive advantages in technology, product quality, and brand reputation to provide valuable digital empowerment products and data services [1][2]. Group 1: Strategic Initiatives - The company plans to enhance marketing efforts for productized and platform-based services, such as its core products and platforms including Ship Vision, Navigation Security, and iShipping, to increase the proportion of high-quality business and improve gross profit levels [2]. - Establishing a major client management center to strengthen operations with both internal and external large clients is a key initiative [2]. - The company will focus on its core business, aiming to strengthen its digital shipping and supply chain services, leveraging the rich application scenarios of the China COSCO Shipping Group to build core competitiveness and expand its business [2]. Group 2: Industry Focus and Development - The company is accelerating the development of digital shipping products for external markets and advancing the smart shipping industry, which includes smart vessels, smart ports, smart shipping services, smart operations, and smart regulation [2]. - There is a commitment to optimizing and upgrading the structure of digital city and transportation businesses, with a strong emphasis on the digital transformation of transportation infrastructure, artificial intelligence, and data application platforms and products [2]. - The company will increase research and development efforts on products that address client concerns such as inspection, overload control, cost reduction, maintenance, and energy conservation, aiming to enhance overall revenue and profit levels [2].