ATAK

Wolf Popper LLP Announces Investigations on Behalf of Investors in Materially Underperforming Special Purpose Acquisition Companies

Retrieved on: 
Thursday, April 4, 2024
Bitcoin, CLIN, Dynamics, SNTI, BTM, Acquisition, IPO, GSR, Advertising, DYNS, ATAK, DIH, Cryptocurrency

NEW YORK, April 04, 2024 (GLOBE NEWSWIRE) -- Wolf Popper LLP is investigating potential claims on behalf of investors in the following Special Purpose Acquisition Companies (SPAC).

Key Points: 
  • NEW YORK, April 04, 2024 (GLOBE NEWSWIRE) -- Wolf Popper LLP is investigating potential claims on behalf of investors in the following Special Purpose Acquisition Companies (SPAC).
  • Wolf Popper is investigating whether the SPACs and their executives made materially false or misleading statements or omitted material information regarding the companies’ businesses, operations, and prospects.
  • On May 25, 2021, Dynamics Special Purpose Corp. (NASDAQ: DYNS) held its initial public offering (IPO) at $10.00 per share and raised $200 million.
  • On February 7, 2022, Aurora Technology Acquisition Corp. (NASDAQ: ATAK) held its IPO at $10.00 per share and raised $200 million.

DIH Reports First Half Fiscal 2024 Financial Results

Retrieved on: 
Tuesday, February 20, 2024
Research, ATAK, Growth, Virtual reality, Rehabilitation, Robotics, DIH, Cryptocurrency

NORWELL, Mass., Feb. 20, 2024 (GLOBE NEWSWIRE) -- DIH Holding US, Inc. ("DIH")(NASDAQ:DHAI), a leading global robotics and virtual reality (“VR”) technology provider in the rehabilitation and human performance industry, today reported financial results for the six months ended September 30, 2023.

Key Points: 
  • NORWELL, Mass., Feb. 20, 2024 (GLOBE NEWSWIRE) -- DIH Holding US, Inc. ("DIH")(NASDAQ:DHAI), a leading global robotics and virtual reality (“VR”) technology provider in the rehabilitation and human performance industry, today reported financial results for the six months ended September 30, 2023.
  • The overall increase was primarily due to a net increase in devices sold of $9.0 million, or 73.9%, which consisted of an increase in sales to third-party customers.
  • The increase in devices revenue was driven by higher sales volume in Europe, the Americas and Asia.
  • As of September 30, 2023 DIH’s cash and cash equivalents amounted to $2.0 million.

ARES Security Corporation Awarded Contract for Next Generation Security Computer and Video Management System

Retrieved on: 
Tuesday, March 5, 2024
Engineering design process, ATAK, Partnership, Safety, High availability, Palisades Nuclear Generating Station, Critical infrastructure, AVERT, Senior, Holtec International, ARES, Physical security, Robotics, Environment, SDVOSB

ARES and ShadowTech Labs both service the needs of the Department of Defense, Department of Energy, Nuclear Regulatory Commission, and Critical Infrastructure facilities worldwide.

Key Points: 
  • ARES and ShadowTech Labs both service the needs of the Department of Defense, Department of Energy, Nuclear Regulatory Commission, and Critical Infrastructure facilities worldwide.
  • ARES and ShadowTech will deploy ARES Safety Act Certified, AVERT C2SIM solution at Palisades.
  • AVERT C2SIM is the next generation security platform, enabling seamless implementation of any camera, sensor, video management and access control system with a High Availability architecture and environment.
  • ShadowTech provides the highest level of expertise in Engineering Design, System Integration, Cyber Security, testing and deployment of Commercial Nuclear security systems.

DIH Holding US, Inc. Closes Business Combination with Aurora Technology Acquisition Corporation; Announces Updated Date for Commencement of Trading

Retrieved on: 
Wednesday, February 7, 2024
Robotics, SAN, Virtual reality, ATAK, Warrant, Patient, DIH, Disability, Acquisition, Business analyst, LLP, VR, Rehabilitation, Management

and SAN FRANCISCO, Feb. 07, 2024 (GLOBE NEWSWIRE) -- DIH Holding US, Inc., a leading global robotics and virtual reality (“VR”) technology provider in the rehabilitation and human performance industry, today announced that it has completed its business combination with Aurora Technology Acquisition Corp. (NASDAQ: ATAK) (“ATAK”), a publicly-traded special purpose acquisition company (“SPAC”).

Key Points: 
  • and SAN FRANCISCO, Feb. 07, 2024 (GLOBE NEWSWIRE) -- DIH Holding US, Inc., a leading global robotics and virtual reality (“VR”) technology provider in the rehabilitation and human performance industry, today announced that it has completed its business combination with Aurora Technology Acquisition Corp. (NASDAQ: ATAK) (“ATAK”), a publicly-traded special purpose acquisition company (“SPAC”).
  • DIH will use the cash from the business combination to grow a strategic market base and expand its position as the leading global provider of robotic and VR-enabled rehabilitation technology.
  • DIH’s Class A common stock and Warrants will begin trading on the Nasdaq Global Market (NasdaqGM) and Nasdaq Capital Market (NasdaqCM), respectively, on February 9, 2024.
  • Loeb & Loeb LLP is serving as legal counsel for DIH, and Dentons U.S. LLP is serving as legal counsel for ATAK.

Scientific Systems' Software Autonomously Demonstrates Space and Air Assets for U.S. Army RCCTO ARTIST Program

Retrieved on: 
Wednesday, February 7, 2024
Synthetic-aperture radar, Army, ATR, Capella, Automatic target recognition, ATAK, Project, Map, Hyper, UAS, Aircraft, Maven, ISR, Software, Artificial intelligence arms race, CMA

WOBURN, Mass., Feb. 7, 2024 /PRNewswire/ -- Scientific Systems, a leader and pioneer in intelligent autonomous systems, has demonstrated autonomous, peer-to-peer, collaboration and orchestration of commercial satellites and uncrewed aerial systems (UAS), to include closed-loop control of all associated multidomain sensors, and exploitation services. The demonstration supported the Army Responsive Tactical ISR Technology (ARTIST) program. The ARTIST contract was awarded by the U.S. Army Rapid Capabilities and Critical Technologies Office (RCCTO). The ultimate potential of ARTIST software technology is providing the Army with the capability to sense, decide, and act with superior speed and scale across the battlespace.

Key Points: 
  • The demonstration supported the Army Responsive Tactical ISR Technology (ARTIST) program.
  • The ARTIST contract was awarded by the U.S. Army Rapid Capabilities and Critical Technologies Office (RCCTO).
  • The ultimate potential of ARTIST software technology is providing the Army with the capability to sense, decide, and act with superior speed and scale across the battlespace.
  • Scientific Systems demonstrated how autonomy can increase warfighter battlefield situational awareness through a dynamic network of multi-domain collaborative platforms.

Mattermost and goTenna Win Landmark Air Force SBIR Phase II Award to Operationalize Cutting-Edge Tactical ChatOps Function

Retrieved on: 
Tuesday, January 9, 2024
GoTenna, ATAK, Radio, Partnership, Mattermost, TPC, AFRL, Safety, United States Air Force, Air force, Organization

This award enables Mattermost Government Solutions and goTenna to work closely with the Air Force Research Laboratory’s (AFRL) Information Directorate (RI) and the Tactical Assault Kit (TAK) Product Center (TPC) to improve distributed collaboration and enhance warfighter efficiency, safety and accuracy.

Key Points: 
  • This award enables Mattermost Government Solutions and goTenna to work closely with the Air Force Research Laboratory’s (AFRL) Information Directorate (RI) and the Tactical Assault Kit (TAK) Product Center (TPC) to improve distributed collaboration and enhance warfighter efficiency, safety and accuracy.
  • The Mattermost secure collaboration platform enables federal civilian agencies and organizations across the Department of Defense to exchange mission-critical information through its highly customizable environment.
  • The primary objectives for this SBIR Phase II award require Mattermost developers to create a Mattermost plugin that functions across TAK servers and Mattermost channels with an integration for ATAK operating systems to allow near-real-time tactical-enterprise collaboration.
  • In May 2022, the company was awarded a SBIR Phase II to expedite the U.S. Air Force adoption and implementation of its secure collaboration platform.

Aurora Technology Acquisition Corp. Announces Additional Contribution to Trust Account to Extend Deadline to Consummate Business Combination

Retrieved on: 
Monday, January 8, 2024
ATAK, Sponsor, SAN

SAN FRANCISCO, CALIF., Jan. 08, 2024 (GLOBE NEWSWIRE) -- Aurora Technology Acquisition Corp. (NASDAQ: ATAKU, ATAK, ATAKW, ATAKR) (the “Company”) announced today that its sponsor, ATAC Sponsor LLC (the “Sponsor”), has deposited an aggregate of $135,000 (the “Extension Payment”) into the Company’s trust account in order to extend the date by which the Company has to consummate a business combination from January 9, 2024 to February 7, 2024.

Key Points: 
  • SAN FRANCISCO, CALIF., Jan. 08, 2024 (GLOBE NEWSWIRE) -- Aurora Technology Acquisition Corp. (NASDAQ: ATAKU, ATAK, ATAKW, ATAKR) (the “Company”) announced today that its sponsor, ATAC Sponsor LLC (the “Sponsor”), has deposited an aggregate of $135,000 (the “Extension Payment”) into the Company’s trust account in order to extend the date by which the Company has to consummate a business combination from January 9, 2024 to February 7, 2024.
  • The Extension Payment was loaned as a draw down pursuant to an unsecured promissory note the Company issued to the Sponsor on July 31, 2023 with a principal amount equal to $810,000.00 (the “Extension Note”).
  • The Extension Note bears no interest and is repayable in full upon the earlier of (a) the date of the consummation of the Company’s initial business combination, or (b) the date of the liquidation of the Company, subject to the terms and conditions set forth in the Extension Note.
  • The Company’s stockholders are not entitled to vote on or redeem their shares in connection with this extension.

Red Cat Holdings Reports Financial Results for Fiscal Second Quarter 2024 and Provides Corporate Update

Retrieved on: 
Friday, December 15, 2023
SRR, RCAT, Government, ISR, Interest, Software, Teal, SAN, PAR, Growth, War, Webcast, ATAK, Intelligence, Video game

SAN JUAN, Puerto Rico, Dec. 15, 2023 (GLOBE NEWSWIRE) -- Red Cat Holdings, Inc. (Nasdaq: RCAT) (“Red Cat” or “Company”), a drone technology company integrating robotic hardware and software for military, government, and commercial operations, reports its financial results for the second quarter ended October 31, 2023 and provides a business update.

Key Points: 
  • SAN JUAN, Puerto Rico, Dec. 15, 2023 (GLOBE NEWSWIRE) -- Red Cat Holdings, Inc. (Nasdaq: RCAT) (“Red Cat” or “Company”), a drone technology company integrating robotic hardware and software for military, government, and commercial operations, reports its financial results for the second quarter ended October 31, 2023 and provides a business update.
  • This technology stack gives the frontline warfighter a feature-rich capability never seen on a rucksack portable drone.
  • ET on Friday, December 15, 2023 to review financial results and provide an update on corporate developments.
  • Callers should dial in approximately ten minutes prior to the start time and ask to be connected to the Red Cat conference call.

Aurora Technology Acquisition Corp. Announces Additional Contribution to Trust Account to Extend Deadline to Consummate Business Combination

Retrieved on: 
Wednesday, December 6, 2023
ATAK, Sponsor, SAN

SAN FRANCISCO, CALIF., Dec. 06, 2023 (GLOBE NEWSWIRE) -- Aurora Technology Acquisition Corp. (NASDAQ: ATAKU, ATAK, ATAKW, ATAKR) (the “Company”) announced today that its sponsor, ATAC Sponsor LLC (the “Sponsor”), has deposited an aggregate of $135,000 (the “Extension Payment”) into the Company’s trust account in order to extend the date by which the Company has to consummate a business combination from December 9, 2023 to January 9, 2024.

Key Points: 
  • SAN FRANCISCO, CALIF., Dec. 06, 2023 (GLOBE NEWSWIRE) -- Aurora Technology Acquisition Corp. (NASDAQ: ATAKU, ATAK, ATAKW, ATAKR) (the “Company”) announced today that its sponsor, ATAC Sponsor LLC (the “Sponsor”), has deposited an aggregate of $135,000 (the “Extension Payment”) into the Company’s trust account in order to extend the date by which the Company has to consummate a business combination from December 9, 2023 to January 9, 2024.
  • The Extension Payment was loaned as a draw down pursuant to an unsecured promissory note the Company issued to the Sponsor on July 31, 2023 with a principal amount equal to $810,000.00 (the “Extension Note”).
  • The Extension Note bears no interest and is repayable in full upon the earlier of (a) the date of the consummation of the Company’s initial business combination, or (b) the date of the liquidation of the Company, subject to the terms and conditions set forth in the Extension Note.
  • The Company’s stockholders are not entitled to vote on or redeem their shares in connection with this extension.

U.S. Air Force Selects Somewear Labs to Maximize Interoperability and Ensure Critical Situational Awareness

Retrieved on: 
Wednesday, December 13, 2023
Safety, SAN, Android, Entrepreneurship, AFWERX, Texas Air National Guard, Risk, Radio, Government, ATAK, USAF, Air Support Operations Center, Joint, Ecosystem, Director of Operations, Special forces, Automation, Labs, Satellite emergency notification device, National Guard, Partnership, Communication, Environment, Terminal, DOD, Node, 123rd Special Tactics Squadron, IOS, BLOS, Swap, ASOS, Airline, Mobile phone, Management

SAN FRANCISCO, Dec. 13, 2023 /PRNewswire-PRWeb/ -- Today, Somewear Labs, the technology company enabling critical communications for defense, public safety, and commercial frontline teams, announced it has received a $1.8 million contract from the U.S. Air Force. This award builds on the company's AFWERX SBIR Phase II contract through the Tactical Funding Increase (TACFI) program. This initiative integrates Somewear's existing commercial capabilities across USAF mounted and dismounted communications and networking systems, enhancing the full spectrum of Special Tactics (ST), Personnel Recovery (PR), and Terminal Attack Control (TAC) operations. The award comes in collaboration with the Special Warfare community across the National Guard and active duty units.

Key Points: 
  • The award comes in collaboration with the Special Warfare community across the National Guard and active duty units.
  • New missions and threats will require units to deploy faster, identify threats quicker, and survey areas further.
  • Through this contract with the U.S. Air Force, Somewear Labs will deliver enhanced capabilities to further integrate into the TAK ecosystem and other government systems providing critical interoperability between dismounted personnel and Air Support Operations Centers.
  • "With this contract, we are able to build on our interoperable solutions to break down communication barriers, redefine interagency collaboration, and ensure operators always maintain situational awareness, communications, and operational effectiveness."