OSC

OX Security Receives Strategic Investment from IBM Ventures to Supercharge Software Supply Chain Security

Retrieved on: 
Tuesday, August 15, 2023

The investment represents the companies' intent to collaborate on expanding the frontiers of software supply chain security and create value for developers of cloud-native solutions.

Key Points: 
  • The investment represents the companies' intent to collaborate on expanding the frontiers of software supply chain security and create value for developers of cloud-native solutions.
  • OX, an Israeli startup established in 2021, is building the first holistic software supply chain security solution - going beyond the CI/CD or SDLC and providing visibility, automation and risk insights from Code-to-Cloud-to-Code.
  • "This investment from IBM is proof that OX's holistic security solution for today's modern software supply chains is the right solution at the right time," said Neatsun Ziv, Co-founder and CEO of OX Security.
  • "With IBM's investment in OX, we continue to emphasize the importance of software supply chain security as a key part of cloud-era application development," said Ben Daniels, Partner at IBM Ventures.

TMX Datalinx Announces Production Date for Distribution of Term CORRA Reference Rates

Retrieved on: 
Thursday, August 10, 2023

TORONTO, Aug. 10, 2023 /CNW/ - TMX Datalinx®, TMX Group's information services division, today announced the production date of September 5, 2023, for the distribution of new Term CORRA (Canadian Overnight Repo Rate Average) reference rates.

Key Points: 
  • TORONTO, Aug. 10, 2023 /CNW/ - TMX Datalinx®, TMX Group's information services division, today announced the production date of September 5, 2023, for the distribution of new Term CORRA (Canadian Overnight Repo Rate Average) reference rates.
  • The launch of CanDeal/TMX Term CORRA (Term CORRA) supports Canada's financial industry transition from the Canadian Dollar Offered Rate (CDOR), the current key interest rate benchmark, to a new risk-free, transaction-based benchmark, scheduled for June 2024.
  • "We are excited to work with the CanDeal team in the distribution of the Term CORRA benchmark, and to explore further opportunities for new products based on Term CORRA."
  • Term CORRA is calculated and administered by CanDeal Benchmark Solutions and exclusively licensed and distributed by TMX Datalinx.

Atlas Global Brands Provides Update on Delay in Filing Annual and Interim Financial Statements

Retrieved on: 
Wednesday, August 9, 2023

As a result, effective August 8, 2023, the Ontario Securities Commission (the “OSC”), as the principal regulator, has issued a failure-to-file cease trade order (“FFCTO”).

Key Points: 
  • As a result, effective August 8, 2023, the Ontario Securities Commission (the “OSC”), as the principal regulator, has issued a failure-to-file cease trade order (“FFCTO”).
  • The FFCTO will be revoked automatically upon the Company making the Required Annual Filings.
  • The Company continues to work diligently to complete the Required Annual Filings as soon as possible.
  • The Company is also working diligently to complete its Required Interim Filings by August 29, 2023, failing which a separate, but similar, FFCTO will likely be issued by the OSC.

OSC appoints Special Advisor on registrant regulation

Retrieved on: 
Wednesday, August 9, 2023

TORONTO, Aug. 9, 2023 /CNW/ - The Ontario Securities Commission (OSC) announced today the appointment of Craig Hayman as a Special Advisor on issues related to the regulation and oversight of registered firms and individuals.

Key Points: 
  • TORONTO, Aug. 9, 2023 /CNW/ - The Ontario Securities Commission (OSC) announced today the appointment of Craig Hayman as a Special Advisor on issues related to the regulation and oversight of registered firms and individuals.
  • In this role, Mr. Hayman will provide expert advice to the OSC on the development and implementation of critical investor protection initiatives to improve registrant-client interactions and enhance transparency for investors.
  • "Craig brings a wealth of experience and a valuable perspective to this important new role," said OSC CEO Grant Vingoe.
  • Investors are urged to check the registration of any persons or company offering an investment opportunity and to review the OSC investor materials available at https://www.osc.ca .

Nano Dimension Sends Letter to Shareholders

Retrieved on: 
Tuesday, August 8, 2023

Waltham, Mass., Aug. 08, 2023 (GLOBE NEWSWIRE) -- Nano Dimension Ltd. (Nasdaq: NNDM, “Nano Dimension”, “Nano” or the “Company”), a leading supplier of Additively Manufactured Electronics (“AME”) and multi-dimensional polymer, metal & ceramic Additive Manufacturing (“AM”) 3D printers, today sent a letter to shareholders in connection with the Company’s upcoming 2023 Annual General Meeting of Shareholders (“the Annual Meeting”). The letter highlights the strength of the directors on Nano’s Board of Directors (the “Board”), all of whom are highly qualified and critical to the Company’s success and ability to continue driving long-term value for all shareholders. The letter also underscores Murchinson’s self-interested campaign to elevate its profile and gain access to the Company’s significant cash reserves at the expense of other shareholders.

Key Points: 
  • Murchinson’s Self-Serving Campaign is a Blatant Attempt to Obtain Nano’s Cash Reserves Without Paying Full Value to Shareholders, While Elevating its Profile as an “Activist”
    Waltham, Mass., Aug. 08, 2023 (GLOBE NEWSWIRE) -- Nano Dimension Ltd. (Nasdaq: NNDM, “Nano Dimension”, “Nano” or the “Company”), a leading supplier of Additively Manufactured Electronics (“AME”) and multi-dimensional polymer, metal & ceramic Additive Manufacturing (“AM”) 3D printers, today sent a letter to shareholders in connection with the Company’s upcoming 2023 Annual General Meeting of Shareholders (“the Annual Meeting”).
  • The letter also underscores Murchinson’s self-interested campaign to elevate its profile and gain access to the Company’s significant cash reserves at the expense of other shareholders.
  • At the upcoming Annual General Meeting (“AGM”) of Shareholders on Thursday, September 7, 2023, you have an important decision to make regarding the future of your investment in Nano Dimension Ltd. (“Nano Dimension”, the “Company” or “Nano”):
    Protect the long-term value creation opportunity your Nano Dimension shares present by voting FOR all 9 of the Company’s board nominees, or
    Allow a self-interested bad actor to gain access to liquidate your company to access the significant cash reserves for their own benefit.
  • Overall, companies acquired by Nano have significantly outgrown and outpaced peers in the industry after joining Nano.

Irving Investors Announces Launch Of Its First Venture Focused Secondaries Fund

Retrieved on: 
Friday, August 4, 2023

NEW YORK, Aug. 4, 2023 /PRNewswire/ -- Irving Investors, a leading investment firm founded by Jeremy Abelson, is thrilled to announce the launch of its latest advised fund, the Irving Investors OSC Secondaries Fund I. This marks Irving's foray into secondaries, with the intent of capitalizing on the uniquely opportunistic market correction in high growth tech. The fund is a partnership between Irving Investors and Oak Street Capital.

Key Points: 
  • NEW YORK, Aug. 4, 2023 /PRNewswire/ -- Irving Investors, a leading investment firm founded by Jeremy Abelson, is thrilled to announce the launch of its latest advised fund, the Irving Investors OSC Secondaries Fund I.
  • The fund is a partnership between Irving Investors and Oak Street Capital.
  • "We are excited to be bringing this new fund vehicle to market," said Jeremy Abelson, the founder of Irving Investors.
  • The launch of the Irving Investors OSC Secondaries Fund I represents an expansion of the firm's offerings and commitment to delivering exceptional performance.

XTM Files 2022 Annual Financial Results

Retrieved on: 
Friday, August 4, 2023

XTM, Inc. (“XTM” or the “Company”) (QB: XTMIF / CSE:PAID / FSE:7XT), a Miami and Toronto-based Fintech creator of disruptive payment innovations including fully certified Earned Wage Access through its QRails AnyDay™ solution, announced that it filed the following financial statements (collectively, the “Required Filings”):

Key Points: 
  • XTM, Inc. (“XTM” or the “Company”) (QB: XTMIF / CSE:PAID / FSE:7XT), a Miami and Toronto-based Fintech creator of disruptive payment innovations including fully certified Earned Wage Access through its QRails AnyDay™ solution, announced that it filed the following financial statements (collectively, the “Required Filings”):
    audited annual financial statements for the year ended December 31, 2022, management’s discussion & analysis relating to the audited annual financial statements and related officer certifications for the year ended December 31, 2022;
    interim financial statements for the period ended March 31, 2023, management’s discussion & analysis relating to the interim financial statements and related officer certifications for the year for the period ended March 31, 2023.
  • Audited Annual Financial Statements and Management Discussion and Analysis for the year shows, among other things, a more than 111% increase in annual revenue over the year ending December 31, 2021.
  • Net revenue for the year ending 2022 was $ 4,733,727 compared to revenue of $2,262,938 for the year ending 2021, an increase of $2,470,789 or 111%.
  • XTM’s full financial position and results of operations is provided in the Audited Annual Consolidated Financial Statements and a discussion of those results can be found in the Company’s MD&A for years ending December 31, 2022, and 2021, filed on SEDAR

Readout of U.S. Small Business Administration & Department of Defense Highlight President Biden’s AM Forward Initiative

Retrieved on: 
Wednesday, August 2, 2023

“The AM Forward Initiative, the SBA’s SBIC program, and the establishment of DoD’s Office of Strategic Capital tell a compelling story about the power of partnerships to ensure that America’s small and medium-sized businesses continue to lead the world in innovation and critical technologies,” said Deputy Secretary Hicks.

Key Points: 
  • “The AM Forward Initiative, the SBA’s SBIC program, and the establishment of DoD’s Office of Strategic Capital tell a compelling story about the power of partnerships to ensure that America’s small and medium-sized businesses continue to lead the world in innovation and critical technologies,” said Deputy Secretary Hicks.
  • The Office of Strategic Capital (OSC), established by Secretary of Defense Lloyd J. Austin III in December 2022, is a DoD initiative that will partner with U.S. government and private sector stakeholders to implement partnered capital strategies to scale critical technologies for national security.
  • Secretary of Defense Lloyd Austin III and SBA Administrator Guzman launched the DoD-SBA partnership in December, and OSC signed an MOA with SBA in March.
  • This initiative will further strengthen America’s supply chain by bringing together large manufacturers to help smaller U.S.-based suppliers increase their use of additive manufacturing , also known as 3D printing.

Ontario Securities Commission publishes Summary Report for Dealers, Advisers and Investment Fund Managers

Retrieved on: 
Thursday, July 27, 2023

TORONTO, July 27, 2023 /CNW/ - The Ontario Securities Commission (OSC) today published its 2023 summary report for dealers, advisers and investment fund managers, which provides information to help registrants comply with requirements under Ontario securities law.

Key Points: 
  • TORONTO, July 27, 2023 /CNW/ - The Ontario Securities Commission (OSC) today published its 2023 summary report for dealers, advisers and investment fund managers, which provides information to help registrants comply with requirements under Ontario securities law.
  • This annual report discusses important matters impacting registration, outcomes from compliance reviews, and areas of focus for the OSC's Compliance and Registrant Regulation staff in the coming fiscal year.
  • In-person meetings will be conducted at various stages of the review process at either the registrants' location or the OSC's office.
  • Investors are urged to check the registration of any persons or company offering an investment opportunity and to review the OSC investor materials available at http://www.osc.ca .

OSC investor warnings and alerts for July 4-25, 2023

Retrieved on: 
Tuesday, July 25, 2023

TORONTO, July 25, 2023 /CNW/ - The Ontario Securities Commission (OSC) is warning Ontario investors that the following companies are not registered to deal or advise in securities in Ontario:

Key Points: 

TORONTO, July 25, 2023 /CNW/ - The Ontario Securities Commission (OSC) is warning Ontario investors that the following companies are not registered to deal or advise in securities in Ontario: