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ICZOOM Group Inc. Announces Pricing of US$6 Million Initial Public Offering

Retrieved on:

Wednesday, March 15, 2023

Benchmark, Research, Form, File, Sale, Offering, SEC filing, The Company, Prospectus, Marketing, Financial adviser

SHENZHEN, China, March 14, 2023 /PRNewswire/ -- ICZOOM Group Inc. (the "Company" or "ICZOOM"), a B2B e-commerce trading platform primarily engaged in sales of electronic component products in Hong Kong and mainland China, today announced the pricing of its initial public offering (the "Offering") of 1,500,000 Class A ordinary shares at a public offering price of US$4.00 per Class A ordinary share.

Key Points:

SHENZHEN, China, March 14, 2023 /PRNewswire/ -- ICZOOM Group Inc. (the "Company" or "ICZOOM"), a B2B e-commerce trading platform primarily engaged in sales of electronic component products in Hong Kong and mainland China, today announced the pricing of its initial public offering (the "Offering") of 1,500,000 Class A ordinary shares at a public offering price of US$4.00 per Class A ordinary share.
The Company expects to receive aggregate gross proceeds of US$6 million from the Offering, before deducting underwriting discounts and other related expenses.
The Offering is expected to close on or about March 17, 2023, subject to the satisfaction of customary closing conditions.
Proceeds from the Offering will be used for sales and marketing, research and development, logistics and warehousing capabilities, and working capital.

AWH ANNOUNCES FOURTH QUARTER AND FULL YEAR 2022 FINANCIAL RESULTS

Retrieved on:

Tuesday, March 14, 2023

Financial results are reported in accordance with U.S. generally accepted accounting principles ("GAAP") and all currency is in U.S. dollars.

Key Points:

Financial results are reported in accordance with U.S. generally accepted accounting principles ("GAAP") and all currency is in U.S. dollars.
Abner Kurtin, Executive Chair of AWH said, "We are thrilled to report record-breaking results for fiscal year 2022.
Net loss attributable to AWH for Q4 2022 was $15.1 million during the quarter compared to $16.9 million in the prior quarter, representing a $1.8 million sequential improvement.
ET to discuss its financial results for the quarter and full year ended December 31, 2022.

HUB Security Receives Four Million USD From PIPE Investors at 10USD Per Share

Retrieved on:

Tuesday, March 14, 2023

HUB, TEL, PIPE, The Company, Confidentiality, Security (finance)

TEL AVIV, Israel, March 14, 2023 /PRNewswire/ -- HUB Cyber Security Ltd (NASDAQ: HUBC), a developer of Confidential Computing cybersecurity solutions and services ("HUB" or the "Company"), today announced that it had issued and sold approximately 400,000 shares to two of the original PIPE investors at a price per share of $10 for proceeds of approximately $4 million dollars, in a private placement.

Key Points:

TEL AVIV, Israel, March 14, 2023 /PRNewswire/ -- HUB Cyber Security Ltd (NASDAQ: HUBC), a developer of Confidential Computing cybersecurity solutions and services ("HUB" or the "Company"), today announced that it had issued and sold approximately 400,000 shares to two of the original PIPE investors at a price per share of $10 for proceeds of approximately $4 million dollars, in a private placement.
The shares were sold pursuant to the original PIPE terms entered into in connection with the Company's business combination.
The remaining PIPE funds are currently being negotiated with investors and the Company remains in discussions with the investors to receive those funds.

Visionary Education Technology Holdings Group Inc Building Olympic University in Canada

Retrieved on:

Monday, March 13, 2023

Toronto, Canada, March 13, 2023 (GLOBE NEWSWIRE) -- Visionary Education Technology Holdings Group Inc. (the "Company") (NASDAQ: VEDU), an education provider headquartered in Toronto, Canada, with marketing partners in China, today announced that the Company has signed a formal agreement with Asian Olympic Foundation and Beijing Association for the Promotion of Olympics Related Culture, to jointly establish the Olympic University of Canada.

Key Points:

Toronto, Canada, March 13, 2023 (GLOBE NEWSWIRE) -- Visionary Education Technology Holdings Group Inc. (the "Company") (NASDAQ: VEDU), an education provider headquartered in Toronto, Canada, with marketing partners in China, today announced that the Company has signed a formal agreement with Asian Olympic Foundation and Beijing Association for the Promotion of Olympics Related Culture, to jointly establish the Olympic University of Canada.
This Agreement is specific to building an Olympic University, the world's second of its kind, in Toronto, Canada and 5 Olympic International Schools.
On campus, the Olympic University plans to build a World Championship Center, a Games’ Training Camp and an Olympic Cultural ecosystem.
The Olympic University and Olympic International High School program has been formally submitted to the International Olympic Committee (IOC).

Bronstein, Gewirtz & Grossman, LLC Notifies Credit Suisse Group AG (CS) Investors of Class Action and to Actively Participate

Retrieved on:

Monday, March 13, 2023

Court, Credit Suisse, NYSE, Complaint, Risk, CS, Person, The Company

This class action seeks to recover damages against Defendants for alleged violations of the federal securities laws.

Key Points:

This class action seeks to recover damages against Defendants for alleged violations of the federal securities laws.
The complaint alleges that throughout the Class Period, Defendants made materially false and misleading statements regarding the Company's business, operations, and compliance policies.
or his Law Clerk and Client Relations Manager, Yael Nathanson of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484.
Bronstein, Gewirtz & Grossman, LLC represents investors in securities fraud class actions and shareholder derivative suits.

Tigo Energy Reports Full Year 2022 Financial Results

Retrieved on:

Monday, March 13, 2023

Other Energy, Energy, TS4, CH, CFO, L1 Energy, EBITDA, Growth, The Company, Cryptocurrency, Video game, Millicom

Tigo Energy, Inc. ("Tigo", or the "Company"), a leading provider of intelligent solar and energy storage solutions, today reported unaudited financial results for the year ended December 31, 2022.

Key Points:

Tigo Energy, Inc. ("Tigo", or the "Company"), a leading provider of intelligent solar and energy storage solutions, today reported unaudited financial results for the year ended December 31, 2022.
In addition, our Energy Intelligence solutions, introduced in late 2021 in the Americas and in the third quarter of 2022 in Europe, are showing strong sales momentum, representing 4% of our 2022 sales and 7% of our backlog at December 31, 2022.
Net loss for 2022 included a loss on the extinguishment of debt in the amount of $3.6 million in 2022.
Adjusted EBITDA, a non-GAAP financial measure, totaled $2.5 million for 2022, an improvement compared to an Adjusted EBITDA loss of $3.1 million for 2021.

Bairong Inc. Will Report Fiscal Year 2022 Financial Results on March 22, 2023

Retrieved on:

Tuesday, March 14, 2023

Intelligence, The Third Floor, Inc., JW Marriott Hotels, The Company, Hotel

BEIJING, March 14, 2023 /PRNewswire/ -- Bairong Inc. ("Bairong" or the "Company"; HKEX:6608), a leading artificial intelligence ("AI") and cloud-based software-as-a-service("SaaS") technology firm in China serving the financial services industry, announced that it will report its fiscal year 2022 financial results on March 22, 2023.

Key Points:

BEIJING, March 14, 2023 /PRNewswire/ -- Bairong Inc. ("Bairong" or the "Company"; HKEX:6608), a leading artificial intelligence ("AI") and cloud-based software-as-a-service("SaaS") technology firm in China serving the financial services industry, announced that it will report its fiscal year 2022 financial results on March 22, 2023.
The Company's management will hold an earnings conference call to discuss the financial results at 10:00 A.M. Beijing time on Thursday, March 23, 2023 at Third Floor of JW Marriott Hotel, Hong Kong.
The presentation and question&answer session will be presented in both Mandarin and English.
The call also includes online accesses as below:

KServicing Receives Court Approval for Chapter 11 Plan

Retrieved on:

Tuesday, March 14, 2023

WILMINGTON, Del., March 13, 2023 /PRNewswire/ -- Kabbage, Inc. d/b/a KServicing ("KServicing" or the "Company"), a prominent servicer and subservicer of small business loans, including Paycheck Protection Program loans ("PPP Loans"), announced that the United States Bankruptcy Court for the District of Delaware (the "Bankruptcy Court") confirmed the Amended Joint Chapter 11 Plan of Liquidation of Kabbage, Inc. (d/b/a KServicing) and its Affiliated Debtors (the "Plan") during today's hearing.

Key Points:

WILMINGTON, Del., March 13, 2023 /PRNewswire/ -- Kabbage, Inc. d/b/a KServicing ("KServicing" or the "Company"), a prominent servicer and subservicer of small business loans, including Paycheck Protection Program loans ("PPP Loans"), announced that the United States Bankruptcy Court for the District of Delaware (the "Bankruptcy Court") confirmed the Amended Joint Chapter 11 Plan of Liquidation of Kabbage, Inc. (d/b/a KServicing) and its Affiliated Debtors (the "Plan") during today's hearing.
The Company intends to expeditiously work towards satisfying the conditions precedent to consummate the Plan and emerge from chapter 11 (the "Effective Date").
From the outset of these Chapter 11 Cases, the Company emphasized the importance of minimizing disruption to borrowers, and today's confirmation significantly furthers that purpose.
is acting as the Company's co-counsel and AlixPartners LLP is acting as financial advisor, in connection with the Chapter 11 Cases.

Spectra7 Announces 112G PAM4 Design-In with Zhaolong for North American and China Data Center Markets

Retrieved on:

Monday, March 13, 2023

OEM, ODM, ACC, SAN, DSP, The Company, Printed circuit board, Hyperscale computing

SAN JOSE, Calif., March 13, 2023 /PRNewswire/ -- (TSXV:SEV) (OTCQB:SPVNF) Spectra7 Microsystems Inc. ("Spectra7" or the "Company"), a leading provider of high-performance analog semiconductor products for broadband connectivity markets, today announced that Zhaolong Interconnect Technology Co. ("Zhaolong"), a leading China-based cable supplier, will offer Active Copper Cable (ACC) assemblies with 112G PAM4 signaling to Hyperscalers and OEM/ODMs in both North America and China that will include Spectra7's GC1122 GaugeChanger™ chips.

Key Points:

"The North American and China data center markets continue to push the envelope to higher interconnect speeds, and at hyper-scale all data center customers are more sensitive to the power, routability and cost of high-speed interconnects than before," said Zhaolong Vice General Manager Tony Yao.
"We are getting strong interest from them in Spectra7's technology and our significantly smaller-gauge high-speed cables known as Microlink™ technology."
"Zhaolong is a dynamic and fast-growing manufacturer of cable and cable assemblies for use in the Hyperscale, OEM and ODM interconnect markets.
Spectra7's GC1122 chips are of particular interest to Hyperscale customers in North America who are presently developing their next generation of data centers, which we expect to begin deployment later in 2023."

Valour confirms No Exposure to Silvergate Bank, Signature Bank or Silicon Valley Bank

Retrieved on:

Monday, March 13, 2023

Newton, Carbon, Ethereum, NEO, AVAX, DOT, BNB, ADA, OTC, Signature Bank, Silvergate Bank, Silicon, BTC, ETP, SOL, Silvergate, USDC, Safety, Silicon Valley Bank, The Company, SEBA, ETH, ENJ, UNI, Cryptocurrency, Polka dot, Bitcoin

TORONTO, March 13, 2023 /PRNewswire/ - Valour Inc. (the "Company" or "Valour") (NEO: DEFI) (GR: MB9) (OTC: DEFTF), today confirms, in connection with the Company's commitment to providing transparent information, that neither itself nor any of its operating subsidiaries have any exposure to Silvergate Bank, Signature Bank or Silicon Valley Bank.

Key Points:

TORONTO, March 13, 2023 /PRNewswire/ - Valour Inc. (the "Company" or "Valour") (NEO: DEFI) (GR: MB9) (OTC: DEFTF), today confirms, in connection with the Company's commitment to providing transparent information, that neither itself nor any of its operating subsidiaries have any exposure to Silvergate Bank, Signature Bank or Silicon Valley Bank.
The company also confirms that SEBA Bank AG, one of its strategic investments, has no exposure to Silvergate, Silicon Valley Bank, or USDC "The strategic decision to acquire a stake in one of two digital assets licensed banks by the Swiss regulator FINMA, SEBA Bank has proven to be paying off, particularly during difficult times like these.
SEBA bank has no exposure to USDC, Silvergate or Silicon Valley Bank and is seeing more interest from potential customers during the last days," said Olivier Roussy Newton, Chief Executive Officer of Valour, who also holds a seat on SEBA's management board.
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