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GBT Technologies, Inc. (OTC: GTCH) Forms Wholly-Owned Subsidiary “Cube Wellness Technologies” to Deploy AI-Enabled Wellness Infrastructure Through Strategic Institutional Partnerships and hires new interim CEO Patrick Bertagna
Globenewswire· 2026-01-15 13:00
Core Viewpoint - GBT Technologies, Inc. has established Cube Wellness Technologies, a wholly-owned subsidiary aimed at deploying technology-driven wellness infrastructure across various environments, with a focus on strategic partnerships in the health and wellness sector [1][9]. Group 1: Company Overview - GBT Technologies specializes in AI, IoT, and integrated system architectures, focusing on intelligent platforms and sensor-based technologies [8]. - Cube Wellness Technologies is dedicated to providing AI-enabled automated wellness solutions supported by digital payment systems for universities, workplaces, and community environments [9]. Group 2: Leadership and Strategy - Patrick Bertagna has been appointed as the interim CEO, bringing over 30 years of experience in technology, health, and consumer products [1]. - The formation of Cube Wellness Technologies represents a strategic expansion into a rapidly evolving market that combines technology and automation for direct consumer access to health and wellness products [7]. Group 3: Platform and Revenue Model - The Cube Wellness platform integrates intelligent automation and secure digital payment capabilities, generating revenue through direct consumer transactions and institutional agreements [3]. - The approach aligns with GBT's focus on scalable, technology-driven revenue channels supported by recurring usage and long-term institutional relationships [4]. Group 4: Operational Scalability - Cube Wellness Technologies features a flexible deployment model that integrates into diverse institutional settings, optimizing performance and supply forecasting through an AI-driven operating system [5]. Group 5: Strategic Partnerships - The subsidiary aims to collaborate with established companies in university systems and community health initiatives to accelerate market entry and streamline deployment [6].
AirJoule Technologies Announces Pricing of $20 Million Public Offering of Class A Common Stock
Globenewswire· 2026-01-14 12:30
Core Viewpoint - AirJoule Technologies Corporation has announced a public offering of 6,153,847 shares of its Class A common stock at a price of $3.25 per share, aiming to raise capital for growth and operational purposes [1][3]. Group 1: Offering Details - The public offering consists of 6,153,847 shares priced at $3.25 each, under an effective shelf registration statement [1]. - The offering includes participation from key executives and board members, who purchased shares at the same price as other investors [2]. - The underwriter has a 45-day option to purchase an additional 923,077 shares at the public offering price [3]. Group 2: Use of Proceeds - The net proceeds from the offering will be utilized for growth capital, working capital, and general corporate purposes, including enhancing manufacturing readiness and supporting strategic partnerships [3]. Group 3: Underwriter and Closing - Lucid Capital Markets is the sole book-running manager for the offering, which is expected to close around January 15, 2026, pending customary closing conditions [4]. Group 4: Company Overview - AirJoule Technologies Corporation is focused on developing AirJoule™, a technology platform that provides efficient dehumidification and pure water from air [7].
AirJoule Technologies Announces Proposed Public Offering of Class A Common Stock
Globenewswire· 2026-01-13 21:54
Core Viewpoint - AirJoule Technologies Corporation has announced the commencement of an underwritten public offering of its Class A common stock, subject to market conditions and other factors [1] Group 1: Offering Details - The offering is being conducted under an effective shelf registration statement previously filed with the SEC [1][5] - The company intends to use the net proceeds from the offering for growth capital, working capital, and general corporate purposes, including advancing manufacturing readiness and supporting deployment with strategic partners [3] - The offering will be made only by means of a prospectus and a prospectus supplement, which will be available through Lucid Capital Markets and the SEC's website [4] Group 2: Management Participation - Key executives, including the Executive Chairman, CEO, and a Board member, have expressed interest in purchasing shares in this offering at the public offering price [2] Group 3: Company Overview - AirJoule Technologies Corporation is focused on developing a platform technology that provides efficient and sustainable dehumidification and pure water from air [6]
VCI Global Delivers 37% Revenue Growth in 1H2025; Driven by Surge in Technology Segment
Globenewswire· 2025-10-06 15:02
Core Insights - VCI Global Limited reported a significant revenue increase of 37% year-over-year, reaching US$18.7 million for the first half of 2025, driven primarily by technology development and consultancy [3][5][6] - The company achieved a remarkable 434% growth in revenue from technology development, solutions, and consultancy, totaling US$9.3 million [4][6] - Gross profit margin remained strong at 80%, indicating the scalability of VCI Global's technology-driven model [5] Financial Performance - Revenue from business strategy consultancy decreased by 27.5% to US$8.1 million, reflecting a normalization after a record 2024 [4][6] - Interest income increased by 88% to US$1.3 million, driven by an expanded loan portfolio and client financing activities [6][7] - Net profit for the first half of 2025 was US$4.7 million, a 13% decrease from the previous year, primarily due to higher operating expenses [8][11] Cost Structure - Total cost of services rose significantly by 334% to US$3.7 million, reflecting increased investments in AI infrastructure [8][12] - Employee benefit expenses increased by 60% to US$2.6 million, attributed to a larger workforce and higher benefits [10] - IT expenses surged to US$3.3 million, a dramatic increase from US$8.9 thousand in the prior-year period, due to investments in technological capabilities [12] Cash Flow and Capital Allocation - Net cash generated from operating activities improved to US$969 thousand, compared to US$9.5 million used in the same period last year [14] - Net cash used in investing activities rose to US$45.5 million, primarily for investments in financial assets and AI infrastructure [15] - Net cash generated from financing activities increased to US$41.3 million, bolstered by proceeds from share issuances [16] Strategic Outlook - The company is set to launch new initiatives, including a GPU Lounge and Cloud platform, to create recurring revenue streams [2][22] - VCI Global aims to expand its presence in AI, fintech, and digital assets, positioning itself at the intersection of these high-growth sectors [2][20]