Formula One

Former F1 Driver, Esteban Gutiérrez, Launches F1 Merchandising Platform in the U.S.

Retrieved on: 
Wednesday, August 17, 2022 - 12:35am

MONTERREY, Mexico, Aug. 16, 2022 /PRNewswire/ -- EDASI, an online retail platform providing exclusive Formula 1 and motorsports products, has been bringing racing fans together since its 2021 Mexico launch, becoming the first formal distributor of F1 merchandise in Latin America. "Edasi," Estonian for "moving forward," has now accelerated to the U.S. market with its official launch in August 2022.

Key Points: 
  • "Edasi," Estonian for "moving forward," has now accelerated to the U.S. market with its official launch in August 2022.
  • "[EDASI] is a community encouraging racing fans to dream passionately, live boldly, and to always keep moving forward."
  • EDASI is founded and led by Esteban Gutirrez, a former F1 driver who has raced in prestigious competitions from 2013-2016.
  • Once I noticed that there was not a formal distributor for F1 products in Latin America, that focus began to shift.

PHANTASIA Consulting reveals radical Formula 1 concept for a new golden era

Retrieved on: 
Tuesday, August 16, 2022 - 8:17am

HAMBURG, Germany, Aug. 16, 2022 /PRNewswire/ -- Amidst the ongoing discussions about the Formula 1 regulations for 2026, a radical concept could disrupt the future of the sport. PHANTASIA Consulting analysed the drivers behind the most exciting times in Formula 1 and decoded the key factor of a golden era: technological freedom. Based on their findings, the marketing strategists developed a new approach for Formula 1.

Key Points: 
  • HAMBURG, Germany, Aug. 16, 2022 /PRNewswire/ -- Amidst the ongoing discussions about the Formula 1 regulations for 2026, a radical concept could disrupt the future of the sport.
  • PHANTASIA Consulting analysed the drivers behind the most exciting times in Formula 1 and decoded the key factor of a golden era: technological freedom.
  • The concept for a new golden era limits the amount of available energy per car rather than the technology.
  • PHANTASIA is a consulting firm specialised in building holistic marketing strategies comprising brand, product and communication for the automotive industry.

PHANTASIA Consulting reveals radical Formula 1 concept for a new golden era

Retrieved on: 
Tuesday, August 16, 2022 - 8:17am

HAMBURG, Germany, Aug. 16, 2022 /PRNewswire/ -- Amidst the ongoing discussions about the Formula 1 regulations for 2026, a radical concept could disrupt the future of the sport. PHANTASIA Consulting analysed the drivers behind the most exciting times in Formula 1 and decoded the key factor of a golden era: technological freedom. Based on their findings, the marketing strategists developed a new approach for Formula 1.

Key Points: 
  • HAMBURG, Germany, Aug. 16, 2022 /PRNewswire/ -- Amidst the ongoing discussions about the Formula 1 regulations for 2026, a radical concept could disrupt the future of the sport.
  • PHANTASIA Consulting analysed the drivers behind the most exciting times in Formula 1 and decoded the key factor of a golden era: technological freedom.
  • The concept for a new golden era limits the amount of available energy per car rather than the technology.
  • PHANTASIA is a consulting firm specialised in building holistic marketing strategies comprising brand, product and communication for the automotive industry.

The Toy Foundation Announces Toy of the Year (TOTY) Awards Finalists

Retrieved on: 
Monday, August 15, 2022 - 2:59pm

NEW YORK, Aug. 15, 2022 /PRNewswire/ -- A magical crystal ball, a giant pyramid climbing tower, and the most diverse assortment of dolls ever are among the 122 innovative finalists for this September's Toy of the Year (TOTY) Awards. A long-treasured event, The Toy Foundation's (TTF) TOTY Awards celebrate the creativity of the toy and play community and recognize the industry's collective philanthropy for the benefit of children in need.

Key Points: 
  • A long-treasured event, The Toy Foundation's (TTF) TOTY Awards celebrate the creativity of the toy and play community and recognize the industry's collective philanthropy for the benefit of children in need.
  • The overall Toy of the Year and People's Choice award winners will be announced November 21, 2022, adding an element of excitement for the holidays.
  • The Toy of the Year will be determined by a panel of expert judges.
  • "The finalists are marvelous examples of innovation and imagination to deliver the power of play to children and adults alike," said Pamela Mastrota, executive director of The Toy Foundation.

Liberty Media Corporation Closes Private Offering of $475 Million of 2.25% Convertible Senior Notes Due 2027

Retrieved on: 
Friday, August 12, 2022 - 9:15pm

The Notes will be convertible into cash, shares of Libertys Series C Liberty Formula One common stock (FWONK) or a combination thereof, at Libertys election.

Key Points: 
  • The Notes will be convertible into cash, shares of Libertys Series C Liberty Formula One common stock (FWONK) or a combination thereof, at Libertys election.
  • The Notes will mature on August 15, 2027, unless earlier redeemed, repurchased or converted.
  • Liberty Media Corporation operates and owns interests in a broad range of media, communications and entertainment businesses.
  • The businesses and assets attributed to the Braves Group (NASDAQ: BATRA, BATRK) include Liberty Media Corporations subsidiary Braves Holdings, LLC.

Bybit Unveils Specialized NFT Portal GrabPic, Demonstrating Unwavered Commitment Toward NFT, GameFi and the Metaverse

Retrieved on: 
Friday, August 12, 2022 - 4:34pm

With GrabPic, Bybit offers high quality, exclusive NFT projects from crypto-native and traditional artists, GameFi projects, Metaverse projects and many more.

Key Points: 
  • With GrabPic, Bybit offers high quality, exclusive NFT projects from crypto-native and traditional artists, GameFi projects, Metaverse projects and many more.
  • As a specialized portal on the Bybit NFT Marketplace, GrabPic enables artists and creatives curious about the NFT space to enter with minimal technological barriers, and serves a niche audience through showcasing affordable and unique NFT art.
  • GrabPic aims to democratize the NFT experience for those underserved by existing offerings on both the creator and the collector sides.
  • This new NFT collection is created by Anndy Lian, a celebrated thought leader in the crypto and NFT community.

Asetek - Q2 2022: Prolonged Market Headwinds, Focus on Cost Optimization and Product Development

Retrieved on: 
Thursday, August 11, 2022 - 10:22am

Second quarter margin improved from the first quarter due to the mix of product shipments and reduced cost prices.

Key Points: 
  • Second quarter margin improved from the first quarter due to the mix of product shipments and reduced cost prices.
  • At June 30, 2022, Asetek had working capital of $11.8 million, of which $11.4 million was cash and cash equivalents.
  • During the quarter, the Company formed a collaboration with Formula One racer Kevin Magnussen as a brand ambassador for Asetek SimSports.
  • The Company has temporarily shifted development resources from Gaming & Enthusiast to drive SimSports product development with the aim to introduce new products later in 2022.

Liberty Media Corporation Prices Upsized Private Offering of $425 Million of 2.25% Convertible Senior Notes Due 2027

Retrieved on: 
Wednesday, August 10, 2022 - 12:00pm

Liberty Media Corporation (Liberty) (Nasdaq: LSXMA, LSXMB, LSXMK, BATRA, BATRK, FWONA, FWONK) announced today that it has priced and agreed to sell to initial purchasers in an upsized private offering $425 million aggregate principal amount of its 2.25% convertible senior notes due 2027 (the Notes).

Key Points: 
  • Liberty Media Corporation (Liberty) (Nasdaq: LSXMA, LSXMB, LSXMK, BATRA, BATRK, FWONA, FWONK) announced today that it has priced and agreed to sell to initial purchasers in an upsized private offering $425 million aggregate principal amount of its 2.25% convertible senior notes due 2027 (the Notes).
  • The Notes, as well as the associated cash proceeds, will be attributed to the Liberty Formula One tracking stock group.
  • The Notes will be convertible into cash, shares of Libertys Series C Liberty Formula One common stock (FWONK) or a combination thereof, at Libertys election.
  • Liberty Media Corporation operates and owns interests in a broad range of media, communications and entertainment businesses.

Emera Technologies Welcomes Sergio Corbo as VP of Product Experience

Retrieved on: 
Tuesday, August 9, 2022 - 6:37pm

In this new role, Corbo will be responsible for leading offer lifecycle management, integrating Voice of the Customer in product development, and ensuring supply chain excellence.

Key Points: 
  • In this new role, Corbo will be responsible for leading offer lifecycle management, integrating Voice of the Customer in product development, and ensuring supply chain excellence.
  • "I am delighted to have Sergio as part of our team.
  • His talent, experience, and positive energy, coupled with his passion for innovation in the distributed clean energy space make him a perfect fit," said Rob Bennett, CEO and founder of Emera Technologies.
  • Throughout his career, Corbo has held product, commercial, and general management leadership roles in global blue-chip technology and services organizations operating through complex channels.

Liberty Media Corporation Proposes Private Offering of Convertible Senior Notes

Retrieved on: 
Tuesday, August 9, 2022 - 12:46pm

Liberty Media Corporation (Liberty) (Nasdaq: LSXMA, LSXMB, LSXMK, BATRA, BATRK, FWONA, FWONK) announced today that it intends to offer $375 million aggregate principal amount of convertible senior notes (the Notes) in a private offering.

Key Points: 
  • Liberty Media Corporation (Liberty) (Nasdaq: LSXMA, LSXMB, LSXMK, BATRA, BATRK, FWONA, FWONK) announced today that it intends to offer $375 million aggregate principal amount of convertible senior notes (the Notes) in a private offering.
  • The Notes, as well as the associated cash proceeds, will be attributed to the Liberty Formula One tracking stock group.
  • The Notes will be senior, unsecured obligations of Liberty, and interest will be payable semi-annually in arrears.
  • Liberty Media Corporation operates and owns interests in a broad range of media, communications and entertainment businesses.