PARIS, Sept. 09, 2026 (GLOBE NEWSWIRE) -- newcleo Ltd. (“newcleo” or the “Company”), a pioneer in advanced modular reactor (“AMR”) technology and nuclear fuel manufacturing, today announced the appointment of Jeffrey Lyash as Chairman of the Board of Directors, effective upon the close of the previously announced business combination with NewHold Investment Corp. III (NASDAQ: NHIC). The combined company is expected to be listed on the Nasdaq exchange under the ticker symbol “NWCL” following an anticipated transaction close in the second half of 2026.
Jeffrey Lyash has been appointed Chairman of the Board of Directors of newcleo
The Board of Directors and the leadership team would like to express its sincere appreciation to Andrea Ruben Levi for his leadership, dedication and valuable contribution during his tenure as Chairman. Under his stewardship, the Company has continued its growth trajectory, expanded into new geographies and progressed its journey towards becoming a publicly listed company, laying the foundations for its next phase of strategic development. Ruben will continue to serve as a director of the company and in his current role of Chair of the Compensation Committee.
Lyash brings more than 40 years of experience spanning engineering, procurement, construction, and operations across the power generation, transmission, and distribution sectors. He most recently served as President and Chief Executive Officer of the Tennessee Valley Authority (TVA), the nation’s largest public utility, where he oversaw generation from coal, nuclear, hydroelectric, natural gas, and renewable sources while driving significant improvements in operating efficiency. Prior to TVA, Lyash served as President and CEO of Ontario Power Generation, where he was responsible for $45 billion in assets and an 11,000-person workforce. He also served as President of Chicago Bridge & Iron’s Power Business Unit, leading engineering, procurement, and construction for multi-billion-dollar generation projects globally.
“Jeff is one of the most respected operators in American nuclear power, and his appointment as Chairman comes at a defining moment for newcleo as we scale our U.S. presence and advance toward closing the fuel cycle,” said Stefano Buono, Founder and CEO of newcleo. “Jeff’s firsthand experience running some of the largest nuclear operations in the world, combined with his deep credibility across the U.S. regulatory and utility landscape, will be instrumental as we build the operational and governance foundation to deliver on our vision. We are thrilled to welcome him to the board.”
“If the United States is going to achieve its nuclear expansion goals, we have to close the fuel cycle,” said Jeffrey Lyash. "newcleo’s lead-cooled fast reactor technology, paired with its own MOX fuel fabrication capability, is one of the few platforms built around that principle from the ground up. That's what drew me to this role, and I look forward to working with Stefano and the team to help make that vision a reality in America.”
Earlier in his career, Lyash held senior executive and nuclear operations roles at Duke Energy and Progress Energy and spent eight years at the U.S. Nuclear Regulatory Commission, where he received the NRC Meritorious Service Award. He currently serves as an Independent Director on the boards of Dominion Energy, Curtiss-Wright Corporation, and Aecon Group, and is an Advisory Board Member of FluxPoint Energy, which is developing the first uranium conversion facility to be built in the U.S. in 30 years - work he views as central to closing the U.S. nuclear fuel cycle. Lyash holds a Bachelor of Science in Mechanical Engineering from Drexel University, where he serves on the Board of Trustees. He also completed the Advanced Management Program at Duke University’s Fuqua School of Business and the Corporate Director Program at the University of Toronto’s Rotman School of Management.
Lyash’s appointment reflects newcleo’s continued investment in world-class governance and leadership as the company advances its nuclear licensing efforts and prepares for the next phase of its U.S. growth. It follows newcleo’s recent appointments of Dustin Greenwood as Vice President of U.S. Operations and Travis Chapman as Director of U.S. Regulatory Affairs and Licensing, as the company builds out its American organization.
About newcleo
newcleo is an innovative nuclear energy company developing AMRs cooled by liquid lead, and facilities to produce nuclear fuel from recycled nuclear waste, with the goal of delivering abundant, competitive, low-carbon energy. The company was founded by physicist-entrepreneur Stefano Buono following the USD $3.9 billion sale of his previous venture – Nasdaq-listed nuclear medicine company Advanced Accelerator Applications – to Novartis. With approximately USD $780 million in private funding, and more than 900 highly skilled employees across Europe and the United States, the company has built a network of over 100 industry partnerships and supports its growth through the targeted acquisition and vertical integration of key companies in the nuclear supply chain. For more information visit www.newcleo.com.
On May 27, 2026, newcleo announced that it had entered into a definitive agreement for a business combination with NewHold Investment Corp. III (NASDAQ: NHIC) in a transaction that, upon closing, would result in newcleo becoming a U.S.-listed public company. The combined company is expected to be listed on the Nasdaq exchange under the ticker symbol “NWCL” following an anticipated transaction close in the second half of 2026, subject to satisfaction of customary closing conditions. For more information visit www.newcleo.com/investors.
Forward-Looking Statements
This press release contains certain forward-looking statements within the meaning of the U.S. federal securities laws with respect to the Proposed Transactions and the parties thereto. All statements contained in this press release other than statements of historical fact, including, without limitation, statements regarding the Business Combination between NewHold and newcleo; the anticipated benefits and timing of the transaction; expected trading of the combined company’s securities on Nasdaq; the completion of investments from certain institutional investors; the expected amount of gross proceeds from any investments or other financing arrangements; the anticipated use of proceeds from such investments or financing arrangements; newcleo’s development and commercialization of its lead-cooled fast reactor technology, mixed-oxide fuel capabilities and related products and services; the expected timing, cost, performance and benefits of newcleo’s demonstration projects, fuel facilities, reactor deployments and licensing activities; newcleo’s ability to execute its business strategy, develop its technology, obtain required regulatory approvals, permits and licenses, enter into commercial arrangements, achieve its market opportunity and positioning and support the growth of advanced nuclear energy; newcleo’s expectations regarding strategic partnerships, customer demand, project pipeline, revenue streams, capital expenditures and financing needs; and other statements regarding management’s intentions, beliefs, or expectations with respect to the combined company’s future performance, are forward-looking statements.
Forward-looking statements are often identified by the use of words such as “anticipate,” “believe,” “continue,” “could,” “develop,” “estimate,” “expect,” “intend,” “may,” “might,” “plan,” “potential,” “predict,” “project,” “seek,” “should,” “target,” “will,” “would,” and similar expressions, but the absence of these words does not mean that a statement is not forward-looking.
These forward-looking statements are based on the current expectations and assumptions of NewHold and newcleo and are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. Such risks and uncertainties include, but are not limited to: (1) the occurrence of any event, change or other circumstances that could delay or prevent the consummation of the proposed Business Combination; (2) the outcome of any legal proceedings that may be instituted against NewHold, newcleo, the combined company, or others following the announcement of the Proposed Transactions; (3) the inability to complete the Business Combination due to failure to obtain NewHold shareholder approval or satisfy other closing conditions; (4) the inability to complete any Private Placement Transactions or other financing arrangements on the expected terms, or at all; (5) changes to the structure, timing or terms of the Proposed Transactions; (6) the ability of the combined company to meet applicable listing standards or to maintain the listing of its securities following the closing of the Business Combination; (7) the risk that the announcement and consummation of the transaction disrupts current plans, operations, relationships with customers, suppliers, regulators, partners and employees, or newcleo’s ability to retain key personnel; (8) the ability to recognize the anticipated benefits of the Business Combination, including the ability to fund and execute newcleo’s technology development, licensing, manufacturing, fuel supply and commercialization plans; (9) risks related to newcleo’s early stage of development, limited operating history and expected need for substantial additional capital to develop, license, construct and commercialize its technologies and facilities; (10) risks related to the development, demonstration, licensing and deployment of advanced nuclear technologies, including newcleo’s lead-cooled fast reactor technology and mixed-oxide fuel strategy; (11) risks related to technical performance, engineering, manufacturing, construction, supply chain, fuel availability, cost estimates, project delays, cost overruns, corrosion, materials performance, safety, reliability and other development or operational challenges; (12) risks related to obtaining, maintaining or complying with required regulatory approvals, permits, authorizations, licenses and export control approvals in the United States, the United Kingdom, France, Italy, the European Union and other jurisdictions in which newcleo may operate; (13) changes in market, regulatory, political and economic conditions affecting the nuclear energy industry, advanced reactor development, energy markets, capital markets and infrastructure financing; (14) the costs related to the Proposed Transactions and those arising as a result of becoming a public company; (15) the level of redemptions of NewHold’s public shareholders, which may reduce the amount of cash available to the combined company and may reduce the public float of, reduce the liquidity of the trading market of, and/or maintain the quotation, listing or trading of securities of NewHold or newcleo; (16) risks related to increased competition in the industries in which newcleo will operate; (17) risks related to changes in U.S. or foreign laws and regulations applicable to nuclear energy, export controls, sanctions, trade restrictions, foreign investment, environmental protection, health and safety, securities and public company reporting; (18) the possibility that the combined company may be adversely affected by competitive factors, investor sentiment, litigation, cybersecurity incidents, geopolitical developments or other macroeconomic conditions; (19) the risk of being considered to be a “former shell company” by any stock exchange on which newcleo securities will be listed or by the SEC, which may impact the ability to list newcleo’s securities and restrict reliance on certain rules or forms in connection with the offering, sale or resale of securities; and (20) other risks detailed from time to time in NewHold’s filings with the SEC, including the Registration Statement and related documents filed or to be filed in connection with the Business Combination.
The foregoing list of risk factors is not exhaustive. You should carefully consider the foregoing factors and the other risks and uncertainties described in the “Risk Factors” section of NewHold’s Annual Report on Form 10-K for the year ended December 31, 2025 filed with the SEC on April 1, 2026, the Registration Statement and Proxy Statement/Prospectus, and other documents filed by NewHold and newcleo from time to time with the SEC, as well as the list of risk factors included herein. These filings do or will identify and address other important risks and uncertainties that could cause actual results to differ materially from those contained in the forward-looking statements. Additional risks and uncertainties not currently known or that are currently deemed immaterial may also cause actual results to differ materially from those expressed or implied by such forward-looking statements. Readers are cautioned not to put undue reliance on forward-looking statements, and none of the parties or any of their representatives assumes any obligation or intends to update or revise these forward-looking statements, each of which is made only as of the date of this press release.
Winter Park, Florida--(Newsfile Corp. - September 8, 2026) - Nasdaq requires companies seeking an initial listing on the Nasdaq Capital Market to have a sufficiently broad public shareholder base. That distribution test includes:
At least 300 round-lot holders;A round-lot holder generally meaning a shareholder holding at least 100 unrestricted shares; andAdia Med has just verified that it currently has 361 round-lot holders, or 61 holders above Nasdaq's 300-holder minimum.
OTC Markets is the public venue where Adia Med's OTCQB quotation, company profile, and share-structure details are displayed. As posted on the Company's OTC Markets security details page, Adia Med had approximately 94.4 million shares outstanding, including approximately 35.8 million unrestricted shares and approximately 23.2 million shares held at DTC, as of August 27, 2026. "Adia Med has just verified 361 round-lot holders against Nasdaq's requirement of 300," said Larry Powalisz, Chief Executive Officer of Adia Med Inc. "That is another completed item on our uplisting checklist. Shareholders can see our published capitalization on OTC Markets as we continue working toward a potential Nasdaq Capital Market listing."
What this announcement covers.
This update is Adia Med's verification of the shareholder distribution component of Nasdaq's initial listing standards. It is not Nasdaq approval and does not mean the Company has satisfied every Nasdaq Capital Market requirement. Other standards still apply, including minimum bid price, market value of unrestricted publicly held shares, financial tests, and corporate governance.
Adia Med currently trades on the OTCQB Venture Market under the symbol ADIA and is a fully reporting SEC company. In August 2026, the Company announced that it had engaged legal counsel in connection with a planned Nasdaq Capital Market uplisting.
For questions, inquiries, or additional information, please contact Larry Powalisz at [email protected] or by phone at 321-231-2843.
About Adia Med Inc.
Adia Med Inc. (OTCQB: ADIA), headquartered in Winter Park, Florida, is a regenerative medicine company built around active, IRB-approved stem cell therapy studies. Through its Adia Med clinics, the company delivers stem cell treatments alongside complementary services like platelet-rich plasma (PRP), therapeutic plasma exchange (TPE), and autologous hematopoietic stem cell transplantation (aHSCT), supported by multiple Institutional Review Board (IRB)-approved clinical studies, The current studies are targeting autism spectrum disorder, chronic kidney disease, and lower back pain, with more planned for 2026. Its Adia Labs division manufactures regenerative products (AdiaVita, AdiaLink) that supply this clinical work.
Adia Labs generates revenue by manufacturing and selling regenerative products (AdiaVita and AdiaLink) to Adia Med clinics and external providers. Adia Med clinics generate revenue through patient treatments (stem cell therapies, PRP, TPE, and aHSCT). Additional revenue comes from the company's 18% equity stake in Cement Factory LLC and from ADIA Life LLC's wellness product distribution.
Safe Harbor: This Press Release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements are based on the current plans and expectations of management and are subject to a few uncertainties and risks that could significantly affect the company's current plans and expectations, as well as future results of operations and financial condition. A more extensive listing of risks and factors that may affect the company's business prospects and cause actual results to differ materially from those described in the forward-looking statements can be found in the reports and other documents filed by the company with the Securities and Exchange Commission and OTC Markets, Inc. OTC Disclosure and News Service. The company undertakes no obligation to publicly update or revise any forward-looking statements, because of new information, future events or otherwise.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/312989
Source: Adia Med Inc.
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Key Takeaways Nasdaq completed its acquisition of Dasseti, expanding its institutional investment-technology capabilities. Dasseti's AI automates due diligence and monitoring, reducing manual processes for institutional investors. NDAQ can leverage Dasseti's 17,000-manager ecosystem and $34 trillion in AUM to broaden client relationships. Nasdaq, Inc. (NDAQ - Free Report) has completed its acquisition of Dasseti, an AI-powered due diligence and monitoring platform serving investment consultants, institutional investors and asset managers. Announced in July 2026 and completed on Sept. 2, the transaction expands Nasdaq’s institutional investment-technology capabilities, although financial terms were not disclosed.
Dasseti helps institutional investors automate the evaluation and ongoing monitoring of investment managers and funds. Its technology streamlines due-diligence questionnaires, RFPs and monitoring workflows, using AI to reduce manual processes and organize investment-related information more efficiently. Nasdaq plans to integrate Dasseti into eVestment, extending the platform beyond manager research and selection into due diligence and ongoing monitoring.
The acquisition also gives Nasdaq access to Dasseti’s ecosystem of roughly 17,000 asset managers and general partners representing $34 trillion in AUM, creating opportunities to broaden relationships with institutional clients. Nasdaq Ventures previously invested in Dasseti in 2022, providing Nasdaq with familiarity with the platform before the acquisition.
The deal is strategically positive for NDAQ because it strengthens the company’s Data & Technology Solutions franchise and supports its shift toward higher-value data, analytics, AI and workflow technology. By combining eVestment’s institutional investment data with Dasseti’s due-diligence and monitoring capabilities, Nasdaq can offer clients a more comprehensive investment-management workflow and potentially create additional recurring technology and data revenues through cross-selling. The key opportunity is not the near-term financial contribution from Dasseti, but its potential to make eVestment more deeply embedded in clients’ investment processes and enhance Nasdaq’s long-term growth in institutional data and technology.
What About Its Peers?Cboe Global Markets, Inc.’s (CBOE - Free Report) acquisitions have largely focused on building out market-data, analytics and trading-technology capabilities. For example, Cboe acquired Hanweck, FT Options and Trade Alert, combining volatility analytics, options data and real-time trading intelligence. Cboe says the acquisitions were designed to integrate complementary datasets and technology, strengthening its market-data offering and giving clients tools across the trading lifecycle. Cboe recently shifted toward core derivatives, data and emerging-market opportunities, while divesting non-core businesses such as Cboe Canada and Australia.
Intercontinental Exchange Inc.’s (ICE - Free Report) strong example of an acquisition is Black Knight, which was completed in September 2023 for approximately $11.8 billion. Black Knight added mortgage software, data and analytics capabilities to ICE, complementing its earlier acquisitions of Ellie Mae, Simplifile and MERS and helping ICE build an end-to-end digital mortgage ecosystem. The combination brought together loan-origination, servicing, closing, consumer-engagement and data/analytics capabilities, allowing ICE to automate more of the mortgage lifecycle and generate additional recurring, technology-driven revenues.
NDAQ’s Price PerformanceShares of NDAQ have gained 2% in the past year, outperforming the industry.
Image Source: Zacks Investment Research
NDAQ’s OvervaluationThe stock is overvalued compared with its industry. It is currently trading at a price-to-earnings multiple of 21.43, higher than the industry average of 21.42.
Image Source: Zacks Investment Research
Estimate Movement for NDAQThe Zacks Consensus Estimate for NDAQ’s third-quarter and fourth-quarter 2026 EPS has moved up 3% and 2.8%, respectively, in the past 60 days. The same for full-year 2026 and 2027 EPS has moved up 4.8% and 5.6%, respectively, in the past 60 days.
Strategy surged 18% to lead the Nasdaq on Thursday, yet its shareholders are sitting on a loss that dwarfs bitcoin's own slide over the past year. The same leverage that fueled one electric session has a habit of cutting just…
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The oddity of Thursday’s session: on a day markets cheered fading rate-hike odds, the Nasdaq’s single biggest gainer was Strategy (NASDAQ:MSTR | MSTR Price Prediction), the leveraged Bitcoin (CRYPTO:BTC) holding company, closing at $144.82, up 18% on the day.
Fed Governor Christopher Waller said he would be “inclined to support holding rates steady,” which dropped September rate-hike odds from 63% to 50%. Treasury yields fell, and the most leveraged bitcoin bet on the tape ripped. Three days earlier, a CNBC panel warned that a hawkish Fed and debt financing made Strategy’s resumed bitcoin buying risky. That exact macro risk flipped for one session.
Leverage That Cuts Both Ways Here’s the payoff investors came for. Even after Thursday’s rip, MSTR is down 56% over twelve months, while bitcoin itself has fallen roughly 31% over the past year. The leverage that made Thursday spectacular is the same leverage that cost holders nearly twice bitcoin’s annual loss. Strategy still carries $6.7B in convertible debt and $400.7M in Q2 preferred dividend obligations, against 846,000 BTC marked well below cost basis.
Yield Angle Hiding Behind the Volatility I’ve been watching bitcoin treasury plays since Saylor’s first purchase in 2020, and the equity swings still surprise me. For investors uncomfortable with common-stock leverage, Strategy’s preferred stack offers a different angle. Stretch (NASDAQ:STRC) trades near par with a 12.00% annualized dividend, backed by a $3.75B USD Reserve covering 2.1+ years of obligations. If you believe bitcoin holds above cost basis and the Fed stays patient, the yield stack pays you to wait. If capital markets tighten, that 3.75% fed funds upper bound with a hike now in play puts the debt load back at center stage. A position like MSTR belongs in the speculation sleeve of a portfolio, not the core, and we wrote a free playbook on sizing that sleeve so one 18% day (or a matching drop) does not blow up the plan: Small Stakes, Big Swings. Thursday’s rally is one Fed comment away from reversing.
Contact [email protected] for any questions or corrections.
NEW YORK, Sept. 03, 2026 (GLOBE NEWSWIRE) -- Nasdaq (Nasdaq: NDAQ) today reported monthly volumes for August 2026 on its Investor Relations website. A data sheet showing this information can be found at: https://ir.nasdaq.com/financials/volume-statistics.
About Nasdaq
Nasdaq (Nasdaq: NDAQ) is a leading technology platform that powers the world’s economies. We architect the infrastructure of the world’s most modern markets, power the innovation economy, and build trust in the financial system. We empower economic opportunity by designing and deploying advanced technology, data, and intelligence solutions that enable our clients to capture opportunities, navigate risk, and strengthen resilience. To learn more about the company, technology solutions and career opportunities, visit us on LinkedIn, on X @Nasdaq, or at www.nasdaq.com.
Media Relations Contact:
David Lurie
+1.914.538.0533 [email protected]
Investor Relations Contact:
Ato Garrett
+1.212.401.8737 [email protected]
The acquisition adds AI-powered due diligence and monitoring to Nasdaq eVestment™ and deepens the platform's coverage of private markets. | Source: Nasdaq, Inc.
NEW YORK, Sept. 02, 2026 (GLOBE NEWSWIRE) -- Nasdaq (Nasdaq: NDAQ) today announced that it has completed its acquisition of Dasseti, an AI-powered due diligence and monitoring platform for investment consultants, institutional investors, and asset managers. Dasseti's capabilities will be integrated into Nasdaq eVestment™, extending the platform across the full manager research, due diligence, and monitoring lifecycle. First announced on July 23, 2026, the acquisition builds on a relationship that began with an early-stage investment by Nasdaq Ventures in 2022. Financial terms were not disclosed.
Institutional teams operate across an expanding universe of managers, strategies, and asset classes, particularly in private markets, where data is less standardized and reporting requirements are more demanding. Nasdaq eVestment operates at the center of that universe, connecting roughly 4,800 contributing asset managers with more than 1,200 asset owners and intermediaries, powering more than $90 trillion in assets under management across 112,000+ products in 109 countries. Additionally, private markets coverage now includes more than 16,000 managers and 95,000 funds, all accessible via Nasdaq eVestment, global data providers, and customer relationship management platforms.
Dasseti applies AI to the due diligence questionnaires, request for proposals (RFPs), and ongoing monitoring that generate insight on how managers operate. The platform covers 17,000 asset managers and general partners (GPs) representing $34 trillion in assets under management, one of the industry's largest due diligence and monitoring ecosystems. Integrated into Nasdaq eVestment, those capabilities are expected to accelerate response times and improve data quality - giving consultants and institutional investors a complete path from screening through selection and ongoing monitoring in a single environment, while unifying the RFP, due diligence questionnaire (DDQ), and database management experience for asset managers.
"Much of the due diligence and RFP process still happens outside core research platforms, in a patchwork of spreadsheets, PDFs, and email threads," said Oliver Albers, Executive Vice President and Chief Product Officer, Capital Access Platforms, Nasdaq. “With Dasseti, we're bringing AI-powered due diligence and monitoring into Nasdaq eVestment, creating a more connected experience that helps institutional investors move from research to decision-making and ongoing oversight with greater efficiency and confidence."
For more information on Nasdaq eVestment: https://www.nasdaq.com/products/evestment
About Nasdaq
Nasdaq (Nasdaq: NDAQ) is a leading technology platform that powers the world’s economies. We architect the infrastructure of the world’s most modern markets, power the innovation economy, and build trust in the financial system. We empower economic opportunity by designing and deploying advanced technology, data, and intelligence solutions that enable our clients to capture opportunities, navigate risk, and strengthen resilience. To learn more about the company, technology solutions and career opportunities, visit us on LinkedIn, on X www.nasdaq.com.
About Nasdaq eVestment™
Nasdaq eVestment™ is a leading institutional intelligence and analytics platform that connects asset managers, asset owners, and investment consultants across public and private markets. As part of Nasdaq (Nasdaq: NDAQ), Nasdaq eVestment empowers institutional investment teams to make smarter, faster, and more confident decisions by delivering trusted data, market insights, and purpose-built workflows across the investment lifecycle. With the industry's most comprehensive database of institutional strategies, investors, and professionals, Nasdaq eVestment™ brings transparency and efficiency to manager research, due diligence, fundraising, and distribution. Our data, analytics, benchmarks, and engagement tools help clients uncover opportunities, evaluate performance, and strengthen relationships across the institutional investment community. To learn more about Nasdaq eVestment™, visit www.nasdaq.com/solutions/evestment.
Information set forth in this press release contains forward-looking statements that involve a number of risks and uncertainties. Nasdaq cautions readers that any forward-looking information is not a guarantee of future performance and that actual results could differ materially from those contained in the forward-looking information. When used in this press release, words such as "will", "expected” and similar expressions and any other statements that are not historical facts are intended to identify forward-looking statements. Forward-looking statements in this press release include, among other things, statements about the potential benefits of the transaction to Nasdaq, and the capabilities and features of Dasseti’s offerings and solutions integrated with Nasdaq eVestment’s offerings.
Further information on these and other risks and uncertainties relating to Nasdaq can be found in its reports filed on Forms 10-K, 10-Q and 8-K and in other filings Nasdaq makes with the SEC from time to time and available at www.sec.gov. These documents are also available under the Investor Relations section of Nasdaq 's website at http://ir.nasdaq.com/investor-relations. The forward-looking statements included in this press release are made only as of the date hereof. Nasdaq undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events or otherwise.
Media Contact
Maximilian Leitenberger
646.852.0873 [email protected]
Brazilian stocks are rallying again after a monthslong sell-off from six-year highs reached in April. The iShares MSCI Brazil ETF (EWZ), which is up more than 12% from last month's lows, is now 19% higher on the year. It's ahead of the Nasdaq-100's 15% year-to-date advance.
The rally might be tied to the price of commodities, which are also surging, or an expression of optimism around the country's upcoming general election in October. Either way, options traders are piling in, placing uniquely big bets on EWZ that lean more bullish than bearish.
Options volume surged to more than six times the 30-day average on Wednesday, according to Cboe LiveVol data. With more than 420,000 contracts traded by midday, EWZ was a top-20 traded security in the options market, alongside Alphabet and the Cboe VIX Index, SpotGamma data show.
That's a rare ranking for any non-U.S. stock or ETF, no doubt. Whether or not the options trading signals a strong directional bias is a trickier interpretation.
Calls dominate the trading in EWZ, with 400,000 calls trading versus less than 30,000 puts, but almost as many calls are being sold as bought, according to ThinkOrSwim. Of the $50 million in premium traded, almost all of it – $48 million – is tied to call contracts, with roughly $26 million of trades likely initiated by buyers, according to SpotGamma.
One thing in the bulls' favor: The top 20 contracts traded are all calls — a very rare thing to see in any options flow. While selling of calls is not bullish, it's not necessarily bearish either, and often a part of bullish spread trading or directionally-neutral bets.
The call-sellers might just be playing the heightened volatility in the fund. While the price has rallied in the past three weeks, implied volatility has as well, climbing from 0.28 to 0.39, according to ThinkOrSwim data. That means options generally are the most expensive since late June, and traders may be leaning into strategies that collect premium by betting the swings in the fund will dampen.
DENVER, Sept. 01, 2026 (GLOBE NEWSWIRE) -- Pure Cycle Corporation (Nasdaq Capital Market: PCYO) (“Pure Cycle”, “we”, “us” or “our”) announced today that Mark W. Harding, President and Chief Executive Officer and Marc S. Spezialy, Chief Financial Officer, will participate in the Nasdaq / LD Micro Summit Series on September 9, 2026, at Nasdaq’s office in San Francisco.
“We are pleased to participate in the Nasdaq / LD Micro Summit Series,” commented Mr. Harding. “This limited engagement format is an intimate opportunity to engage with institutional investors to detail our value proposition combining water and land development here in Colorado. Pure Cycle continues to drive shareholder value with development of our master planned community, Sky Ranch, while expanding Rangeview’s municipal water and wastewater system that serves Sky Ranch and other customers throughout our service area.”
The Nasdaq / LD Micro Summit Series brings together institutional investors and a select group of publicly traded companies for a day of company presentations and investor meetings, providing a platform to share business updates and engage directly with the investment community. Additional information about the event is available at www.ldmicro.com.
Company Information
Pure Cycle continues to strengthen its operations, build its balance sheet, and drive recurring revenues. We operate in three distinct business segments, each of which complements the others. At our core, we are a vertically integrated wholesale water and wastewater service provider. In 2017, we launched our land development segment, which develops master planned communities on land we own and to which we provide water and wastewater services. In 2021, we launched our newest line of business, the rental of single-family homes located at Sky Ranch, which provides long-term recurring revenues, furthers our land development operations, and adds more customers to our water resource segment.
Additional information, including our recent press releases and SEC filings, is available at www.purecyclewater.com, or you may contact our President, Mark W. Harding, or our CFO, Marc Spezialy, at 303-292-3456 or [email protected].
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements are all statements, other than statements of historical facts, included in this press release that address activities, events or developments that we expect or anticipate will or may occur in the future, such as statements about the following: our participation in the Nasdaq / LD Micro Summit Series; our development activities at Sky Ranch; and the continued expansion of our regional water and wastewater system. The words “anticipate,” “likely,” “may,” “should,” “could,” “will,” “believe,” “estimate,” “expect,” “plan,” “intend,” “potential” and similar expressions are intended to identify forward-looking statements. Investors are cautioned that forward-looking statements are inherently uncertain and involve risks and uncertainties that could cause actual results to differ materially. Factors that could cause actual results to differ from projected results include, without limitation: home mortgage interest rates, inflation, trade policies, tariffs, and other factors impacting the housing market and home sales; the risk factors discussed in Part I, Item 1A of our Annual Report on Form 10-K for the fiscal year ended August 31, 2025; and those factors discussed from time to time in our press releases, public statements and documents filed or furnished with the U.S. Securities and Exchange Commission.
Luna brings more than 20 years of executive experience and an extensive track record in public markets, capital formation, corporate development, M&A and organizational growth SAN DIEGO, CA, Sept. 01, 2026 (GLOBE NEWSWIRE) -- International Land Alliance, Inc. (OTCQB: ILAL) (“International Land Alliance,” “ILA,” “ILAL” or the “Company”), an international land investment and development firm, today announced that it has retained Luna Consultant Group (“LCG”), a corporate strategy, communications and business development consulting firm, to support the Company's corporate development and public-company growth initiatives as ILAL continues its efforts in working toward uplisting to the Nasdaq Capital Market.
The September Effect is a persistent calendar anomaly in the capital markets, as stocks tend to deliver weaker returns in September than in any other month. This matters because it is not merely a statistical oddity. Institutional investors, mutual funds, and individual traders treat September as a period of heightened risk, a perception that becomes self-reinforcing.
After the quiet summer trading in July and August, portfolio managers return from vacation, reassess positions, and often trim winners or dump laggards ahead of the fourth quarter. Some funds operate on fiscal years that end in September or October, creating a short window for tax-loss harvesting.
The combination of lower liquidity, renewed scrutiny of valuations, and a psychological shift from summer complacency to autumn caution historically produces an average decline in the Nasdaq (^IXIC -0.12%), even though September often finishes higher.
Let's explore how the Nasdaq has held up in September and assess what it could mean for two darlings fueling the artificial intelligence (AI) revolution: Nvidia (NVDA +1.49%) and Micron Technology (MU +2.77%).
Image source: The Motley Fool.
How does the Nasdaq hold up during September? Since its creation in 1971, the Nasdaq has averaged a return of -1% in September. This figure stands out because it is the only month with a negative long-term average in the index. Interestingly, September is not a consistent loser based on frequency, though. The Nasdaq has finished September higher roughly 52% of the time.
The apparent contradiction is clearer in the magnitude of the Nasdaq's September declines. When the index rises in September, the gains tend to be modest. But when it falls, the declines are often sharper and more concentrated -- dragging the overall long-term average down.
The result is a month that feels more risky than the actual percentage drop suggests. In turn, volatility clusters, liquidity thins, and ironically, the same names that fueled prior rallies often become the easiest sources of cash when portfolio managers decide to reduce exposure.
How seasonal weakness could impact AI stocks Portfolio managers who have enjoyed outsize gains through the summer may use September's historically weak backdrop as an opportunity to lock in profits. Because mega-cap AI stocks are so liquid, they become convenient vehicles for selling. A modest rotation away from names like Nvidia and Micron can reduce the Nasdaq's upward momentum, which in turn can snowball into even more selling from retail investors.
Smart investors see how the same characteristics that generated sharp advances in the first place can also produce faster, harsher drawdowns at the flip of a switch. In a month already prone to larger-than-average losses, concentrated exposure amplifies the September Effect rather than cushioning it. The risk is not that Nvidia and Micron suddenly lose their long-term thesis. Rather, it is that short-term positioning and seasonal caution can override sound fundamentals during this period.
Micron Technology
Premium Feature
Moneyball Superscore
91/100
Today's Change
(
2.77
%) $
25.87
Current Price
$
958.73
Nvidia and Micron bookend the month of September In my eyes, Nvidia is the clearest proxy for the AI infrastructure supercycle. The company's data center GPUs power the training and inference clusters that hyperscalers like Alphabet, Amazon, and Microsoft, as well as a rising number of private enterprises and sovereign governments, are racing to build.
Nvidia reported its fiscal second-quarter earnings results in late August -- delivering another record quarter of explosive revenue and profit growth and raising the bar for the rest of the year and next year, too.
Nvidia's earnings arrived just days before September began, leaving investors to digest both the reported numbers and the seasonal calendar simultaneously. While a strong earnings report can support a stock price, it can also invite profit-taking in this particular instance, given the timing.
Micron sits in a different but equally critical position. Over the last year, high bandwidth memory (HBM) has emerged as a binding constraint on AI system deployments. Micron is one of only three companies with the scale and process expertise to supply the memory bottleneck. The company is scheduled to report fiscal fourth-quarter earnings on Sept. 30.
This timing places Micron's quarterly update after several weeks of potential seasonal selling pressure and after Nvidia's own earnings report has already set the new tone for the AI complex. If portfolio managers have started trimming AI-related holdings, Micron's results will be set against a more skeptical backdrop. Conversely, any confirmation of tight memory supply and rising pricing power could stabilize the AI trade just as September closes.
The prudent takeaway is not to sell blindly simply because the calendar changed. A smart approach is to size your positions so that a sharper, faster drawdown in high-beta stocks remains tolerable. Moreover, investors must be able to distinguish between post-earnings digestion and portfolio rebalancing, and a genuine change in the AI infrastructure or memory thesis. Remember, seasonality is just context, not a guaranteed signal to abandon a multi-year build-out story.
, /PRNewswire/ -- Three Lions Acquisition Corp. (the "Company") announced today the pricing of its initial public offering of 10,000,000 units, at a price of $10.00 per unit. The units are expected to commence trading on September 1, 2026 on the Nasdaq Global Market ("Nasdaq") under the symbol "TLACU."
The Company is a special purpose acquisition company formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. The Company expects to concentrate its efforts on target businesses in the sports, hospitality and leisure, and real estate sectors.
Each unit sold in the offering consists of one ordinary share and one-half of one warrant, each whole warrant entitling the holder thereof to purchase one ordinary share at a price of $11.50 per share. Once the securities comprising the units begin separate trading, the ordinary shares and warrants are expected to be listed on Nasdaq under the symbols "TLAC" and "TLACW," respectively.
EarlyBirdCapital, Inc. is serving as the sole book-running manager of the offering. EarlyBirdCapital has been granted a 45-day option to purchase up to an additional 1,500,000 units at the initial public offering price to cover over-allotments, if any.
The offering is expected to close on or about September 2, 2026, subject to customary closing conditions.
A registration statement relating to these securities has been declared effective by the Securities and Exchange Commission on August 31, 2026. The offering is being made only by means of a prospectus, copies of which may be obtained by contacting EarlyBirdCapital, Inc. at 366 Madison Avenue, 8th Floor, New York, New York 10017, Attention: Syndicate Department, by telephone at 212-661-0200.
This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About Three Lions Acquisition Corp.
Three Lions Acquisition Corp. is a blank check company organized for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, or reorganization or engaging in any other similar business combination with one or more businesses or entities. The Company may pursue an initial business combination with a target in any business, industry or geography, but expects to concentrate its efforts on opportunities in the sports, hospitality and leisure, and real estate sectors.
Forward-Looking Statements
This press release includes forward-looking statements that involve risks and uncertainties. Forward-looking statements are statements that are not historical facts. Such forward-looking statements, including with respect to the initial public offering and the anticipated use of the proceeds thereof, are subject to risks and uncertainties, which could cause actual results to differ from the forward-looking statements, including those set forth in the risk factors section of the registration statement and prospectus for the Company's initial public offering. Copies of these documents can be accessed through the SEC's website at www.sec.gov. No assurance can be given that the offering discussed above will be completed on the terms described, or at all, or that the net proceeds of the offering will be used as indicated in the offering prospectus. The Company expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company's expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based, except as required by law.
Media Contact:
Three Lions Acquisition Corp.
Harry Brandler, CFO
888 Prospect Street
La Jolla, CA 92037
Tel: 917-822-8328
Miami Beach, FL, Aug. 31, 2026 (GLOBE NEWSWIRE) -- Inflection Point Acquisition Corp. VIII (the “Company”), a special purpose acquisition company formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses, today announced the closing of its initial public offering of 28,750,000 units, which includes 3,750,000 units issued pursuant to the full exercise by the underwriters of their overallotment option at a price of $10.00 per unit, resulting in gross proceeds of $287,500,000. Each unit consists of one Class A ordinary share and one-third of one redeemable warrant. The units are listed on The Nasdaq Global Market, or Nasdaq, and began trading under the ticker symbol “IPHXU” on August 28, 2026. Once the securities comprising the units begin separate trading, the Class A ordinary shares and warrants are expected to be listed on Nasdaq under the symbols “IPHX” and “IPHXW,” respectively.
Concurrently with the closing of the initial public offering, the Company closed on a private placement of 8,000,000 private placement warrants at a price of $1.00 per warrant, resulting in gross proceeds of $8,000,000. Inflection Point Holdings VIII LLC, the Company’s sponsor, purchased 5,000,000 of the private placement warrants and Cohen & Company Capital Markets, a division of Cohen & Company Securities, LLC, the representative of the underwriters of the initial public offering, purchased 3,000,000 of the warrants. Each private placement warrant entitles the holder thereof to purchase one Class A ordinary share at $11.50 per share.
The Company intends to pursue a business combination with a North American or European business in disruptive growth sectors, which complements the expertise of its management team, but may pursue an initial business combination in any industry, sector or geographic region. The Company is led by Chairman Michael Blitzer, Chief Executive Officer Kevin Shannon, Chief Financial Officer Adam Saks, and Directors William Denkin, Steven Tannenbaum, and William Liquori.
Cohen & Company Capital Markets, a division of Cohen & Company Securities, LLC acted as sole book-running manager and Academy Securities, Inc. acted as co-manager for the offering. The Company had granted the underwriters a 45-day option to purchase up to an additional 3,750,000 units to cover over-allotments, if any. Concurrently with the closing of the initial public offering, the underwriters exercised the option to purchase an additional 3,750,000 units in full.
A registration statement on Form S-1 (File No. 333-298162), as amended, relating to the securities was declared effective by the Securities and Exchange Commission ("SEC") on August 27, 2026. The offering was made only by means of a prospectus. Copies of the prospectus may be obtained from: Cohen & Company Capital Markets, 3 Columbus Circle, 24th Floor, New York, NY 10019, Attention: Prospectus Department, or by email at: [email protected] or by accessing the SEC's website, www.sec.gov.
Of the net proceeds received from the consummation of the initial public offering and simultaneous private placement, $287,500,000 ($10.00 per unit sold in the public offering) was placed in trust. An audited balance sheet of the Company as of August 31, 2026 reflecting receipt of the proceeds upon consummation of the initial public offering and the private placement will be included as an exhibit to a Current Report on Form 8-K to be filed by the Company with the SEC.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
Forward-Looking Statements
This press release contains statements that constitute "forward-looking statements," including with respect to the anticipated use of the net proceeds of the initial public offering and simultaneous private placement. No assurance can be given that the net proceeds of the offering will be used as indicated. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company's registration statement and prospectus for the Company's offering filed with the SEC. Copies are available on the SEC's website, www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.
About Inflection Point Acquisition Corp. VIII
Inflection Point Acquisition Corp. VIII's acquisition and value creation strategy is to identify, partner with and help grow a North American or European business in disruptive growth sectors, which complements the expertise of its management team. However, the Company may pursue an initial business combination in any industry, sector or geographic region.
Contact
Kevin Shannon
Inflection Point Acquisition Corp. VIII [email protected]
NEW YORK, Aug. 25, 2026 (GLOBE NEWSWIRE) -- At the end of the settlement date of August 14, 2026, short interest in 3,855 Nasdaq Global MarketSM securities totaled 17,667,604,951 shares compared with 18,151,604,493 shares in 3,835 Global Market issues reported for the prior settlement date of July 31, 2026. The mid-August short interest represents 2.98 days compared with 3.17 days for the prior reporting period.
Short interest in 1,656 securities on The Nasdaq Capital MarketSM totaled 4,380,876,320 shares at the end of the settlement date of August 14, 2026, compared with 4,446,250,391 shares in 1,653 securities for the previous reporting period. This represents a 1.22 day average daily volume; the previous reporting period’s figure was 1.92.
In summary, short interest in all 5,511 Nasdaq® securities totaled 22,048,481,271 shares at the August 14, 2026 settlement date, compared with 5,488 issues and 22,597,854,884 shares at the end of the previous reporting period. This is 2.31 days average daily volume, compared with an average of 2.81 days for the prior reporting period.
The open short interest positions reported for each Nasdaq security reflect the total number of shares sold short by all broker/dealers regardless of their exchange affiliations. A short sale is generally understood to mean the sale of a security that the seller does not own or any sale that is consummated by the delivery of a security borrowed by or for the account of the seller.
For more information on Nasdaq Short interest positions, including publication dates, visit https://www.nasdaq.com/market-activity/quotes/short-interest or http://www.nasdaqtrader.com/asp/short_interest.asp.
About Nasdaq:
Nasdaq (Nasdaq: NDAQ) is a leading global technology company serving corporate clients, investment managers, banks, brokers, and exchange operators as they navigate and interact with the global capital markets and the broader financial system. We aspire to deliver world-leading platforms that improve the liquidity, transparency, and integrity of the global economy. Our diverse offering of data, analytics, software, exchange capabilities, and client-centric services enables clients to optimize and execute their business vision with confidence. To learn more about the company, technology solutions, and career opportunities, visit us on LinkedIn, on X @Nasdaq, or at www.nasdaq.com.
On August 26, 2026, we conducted a DCF analysis for Nasdaq Inc NDAQ, which has shown a price performance of +2.1% over the past week and +7.2% over the past month, with a year-to-date increase of +2.3% and a +6.0% rise over the last year. Despite these positive trends, our valuation models indicate a consensus that the stock is significantly overvalued.
DCF Earnings-based intrinsic value of $71.72 vs current price of $98.73 (margin of safety: -37.7%) DCF Free Cash Flow-based intrinsic value of $61.13 vs current price (margin of safety: -61.5%) GF Score™ of 91/100 suggests high reliability of the DCF inputs, but with a predictability rank of 1/5 stars, caution is warranted. What Is NDAQ Worth? DCF Earnings-Based Model Our DCF earnings-based model utilizes a two-stage approach to estimate the intrinsic value of Nasdaq Inc. The first stage accounts for a high growth rate over the next ten years, while the second stage reflects a more conservative terminal growth rate. Below are the key assumptions used in this model:
Parameter Value Current EPS (TTM, excl. non-recurring) $3.87 10-Year Growth Rate 12.2% 10-Year Treasury Rate 4.64% Discount Rate (ceil(Treasury) + 6%) 11% Terminal Growth Rate 4% The calculation summary for the two-stage model is as follows:
Stage Description Value Growth Stage (Years 1-10) EPS growing at 12.2%, discounted at 11% $41.07 Terminal Stage (Years 11-20) 4% terminal growth, discounted at 11% $30.65 Intrinsic Value Growth + Terminal $71.72 With the current price at $98.73, the intrinsic value of $71.72 indicates that Nasdaq Inc is significantly overvalued, resulting in a margin of safety of -37.7%. It is important to note that GuruFocus uses EPS excluding non-recurring items because research shows stock prices correlate more closely with earnings than free cash flow. For a detailed calculation, visit our NDAQ DCF Calculator.
What Does the Free Cash Flow DCF Say? The Free Cash Flow (FCF)-based intrinsic value for Nasdaq Inc is estimated at $61.13. This further supports the conclusion from the earnings-based DCF model, as both models indicate that the stock is significantly overvalued with a margin of safety of -61.5%.
How Does GF Value™ Compare to the DCF Models? The GF Value™ for Nasdaq Inc is calculated at $83.51, providing a third perspective on the stock's valuation. GF Value™ is a proprietary measure from GuruFocus that takes into account historical trading multiples, past business growth, and future performance estimates. All three valuation models—DCF earnings, DCF FCF, and GF Value™—agree on the overvaluation of the stock. For more information, visit the GF Value™ page.
What Does NDAQ's GF Score™ Tell Us? The GF Score™ is a composite score that evaluates a company's financial strength, profitability, growth potential, valuation, and momentum. Nasdaq Inc has a GF Score™ of 91/100, indicating strong fundamentals, but its low predictability rank of 1/5 stars suggests that the DCF model may not be as reliable for this stock. Below is a summary of NDAQ's key metrics:
Metric Rating GF Score™ 91/100 Financial Strength 6/10 Profitability 9/10 Growth 9/10 Valuation 6/10 Momentum 8/10 For further details, visit the NDAQ stock page.
Key Assumptions and Limitations It is important to note that DCF models are highly sensitive to the assumptions made regarding growth rates and discount rates. Stocks with low predictability ratings, such as Nasdaq Inc, tend to produce less reliable DCF estimates. The terminal growth rate of 4% used in this analysis is a simplifying assumption that may not reflect actual future performance.
What This Means for Investors In summary, all three valuation models—DCF earnings, DCF FCF, and GF Value™—indicate that Nasdaq Inc is significantly overvalued. The consensus across these models suggests caution for potential investors. Additionally, the Guru 13F activity shows that 11 gurus currently hold the stock, with 7 adding to their positions and 4 trimming, while insiders have net sold $65.3 million over the past 12 months. This mixed signal from guru ownership and insider activity reinforces the notion of caution. For a comprehensive analysis, you can explore the NDAQ DCF Calculator.
Frequently Asked Questions What is NDAQ's intrinsic value based on DCF?
According to our analysis, the earnings-based intrinsic value is $71.72, while the FCF-based intrinsic value is $61.13.
Is NDAQ overvalued or undervalued?
Both the DCF models and GF Value™ consensus indicate that NDAQ is overvalued.
How reliable is the DCF model for NDAQ?
The predictability rank of 1/5 suggests that the DCF model is less reliable for this stock.
This stock alert was generated using automated technology and GuruFocus financial data to provide readers with timely and accurate market reporting. This content was reviewed by GuruFocus editorial team prior to publication. Please send any questions or comments about this story to [email protected].
Disclosures I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.
PARSIPPANY, NJ, Aug. 26, 2026 (GLOBE NEWSWIRE) -- Interpace Biosciences, Inc. (OTCID: IDXG) (“Interpace” or the “Company”), an emerging leader in enabling personalized medicine, today announced that it will effect a 1-for-5 reverse stock split (“Reverse Stock Split”) of its issued and outstanding common stock. The Reverse Stock Split will become effective at 12:01 a.m. Eastern Time on August 27, 2026, and Interpace common stock is expected to begin trading on a split-adjusted basis on the OTCID quotation system (“OTCID”) as of the commencement of market open that same day. Interpace’s ticker symbol on the OTCID will temporarily change to IDXGD for a period of 20 trading days, including the effective date. The new CUSIP number for the common stock following the Reverse Stock Split will be 46062X402.
After the effectiveness of the Reverse Stock Split, the number of outstanding shares of common stock will be reduced from approximately 27.7 million (as of the date of this press release) to approximately 5.5 million. The total authorized number of shares will not be reduced as a result of the Reverse Stock Split. Proportional adjustments will be made to the number of shares of common stock issuable upon exercise or vesting of the Company’s outstanding stock options and restricted stock units, as well as the applicable exercise prices, and to the number of shares issuable under the Company’s equity incentive and employee stock purchase plans. No fractional shares will be issued in connection with the Reverse Stock Split, and fractional shares resulting from the Reverse Stock Split will be rounded up to the nearest whole share. There will be no change in the par value of $0.01 per share of the common stock as a result of the Reverse Stock Split.
At the annual meeting of stockholders held on August 20, 2026, the Company’s stockholders voted to approve a proposal granting the Company’s Board of Directors the discretion to amend the Company’s certificate of incorporation to effect a reverse stock split of the Company’s common stock at a ratio in the range from one-for-two to one-for-ten. The Company’s Board of Directors approved a 1-for-5 reverse stock split on August 20, 2026. The reverse stock split is primarily intended to bring the Company into compliance with the minimum bid price requirement for listing on the Nasdaq Capital Market (“Nasdaq”). There is no guarantee that the Company will meet the minimum bid price requirement, and even if it does, there are additional requirements for listing on Nasdaq, including the requirement to have a $15 million market value of unrestricted publicly held shares.
Interpace’s transfer agent, Equiniti Trust Company, will provide information to stockholders regarding their stock ownership following the Reverse Stock Split. Stockholders holding their shares in book-entry form or through a bank, broker, or other nominee do not need to take any action in connection with the Reverse Stock Split. Their accounts will be automatically adjusted to reflect the number of shares owned. Beneficial holders are encouraged to contact their bank, broker, or other nominee with any procedural questions.
Tom Burnell, CEO of Interpace, commented: “This reverse stock split is a key part of our strategy to uplist our common stock to Nasdaq, which we believe will help support our planned growth and attract a broader range of investors.”
About Interpace Biosciences
Interpace Biosciences is an emerging leader in enabling personalized medicine, offering specialized services along the therapeutic value chain from early diagnosis and prognostic planning to targeted therapeutic applications.
Clinical services, through Interpace Diagnostics, provide clinically useful molecular diagnostic tests and bioinformatics and pathology services for evaluating risk of cancer by leveraging the latest technology in personalized medicine for improved patient diagnosis and management. Interpace has two commercialized molecular tests: ThyGeNEXT® for the diagnosis of thyroid cancer from thyroid nodules utilizing a next-generation sequencing assay and ThyraMIR®v2, used in combination with ThyGeNEXT®, for the diagnosis of thyroid cancer utilizing a proprietary microRNA pairwise expression profiler along with algorithmic classification.
For more information, please visit Interpace Biosciences’ website at www.interpace.com.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934 and the Private Securities Litigation Reform Act of 1995, relating to the Company’s future financial and operating performance. The Company has attempted to identify forward-looking statements by terminology including “believes,” “estimates,” “anticipates,” “expects,” “plans,” “projects,” “intends,” “potential,” “may,” “could,” “might,” “will,” “should,” “approximately” or other words that convey uncertainty of future events or outcomes to identify these forward-looking statements. These statements are based on current expectations, assumptions and uncertainties involving judgments about, among other things, future economic, competitive and market conditions and future business decisions, all of which are difficult or impossible to predict accurately and many of which are beyond the Company’s control. These statements also involve known and unknown risks, uncertainties and other factors that may cause the Company’s actual results to be materially different from those expressed or implied by any forward-looking statements, including, but not limited to, statements regarding the effective date of the Reverse Stock Split and the trading of the common stock on a split-adjusted basis, the Company’s ability to timely implement the Reverse Stock Split, and the Company’s belief that the Reverse Stock Split will allow the Company to comply with Nasdaq minimum bid price listing standards and achieve a Nasdaq listing.
Additionally, all forward-looking statements are subject to the “Risk Factors” detailed from time to time in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2025, Current Reports on Form 8-K and Quarterly Reports on Form 10-Q filed with the Securities and Exchange Commission. Because of these and other risks, uncertainties and assumptions, undue reliance should not be placed on these forward-looking statements. In addition, these statements speak only as of the date of this press release and, except as may be required by law, the Company undertakes no obligation to revise or update publicly any forward-looking statements for any reason.
Contacts
Investor Relations
Interpace Biosciences, Inc.
(855) 776-6419 [email protected]
Company appeals Nasdaq determination to Hearings Panel, reduces approximately $2 million of debt and maintains engagement with acquisition targets New York, New York--(Newsfile Corp. - August 26, 2026) - Flash Sports & Media Holdings, Inc. (OTC: FLZH) ("Flash" or the "Company") today provided a corporate update regarding the recent suspension of trading of its common stock from The Nasdaq Stock Market, the Company's appeal of Nasdaq's determination, recent balance sheet improvements, and the status of its pending strategic transactions. The Company's common stock is currently quoted on the OTC market following Nasdaq's suspension.
NEW YORK, Aug. 26, 2026 (GLOBE NEWSWIRE) -- Rainier Acquisition Corporation (the "Company") announced today that it priced its initial public offering of 7,500,000 units consisting of one Class A ordinary share and one-quarter of one redeemable warrant at a price of $10.00 per unit. The offering is expected to generate gross proceeds of $75,000,000 before underwriting discounts and offering expenses. Each whole warrant entitles the holder thereof to purchase one Class A ordinary share at a price of $11.50 per share. No fractional warrants will be issued upon separation of the units, and only whole warrants will trade. The units are expected to be listed on The Nasdaq Capital Market and trade under the ticker symbol "RNAQU" beginning August 27, 2026. Once the securities comprising the units begin separate trading, the Class A ordinary shares and warrants are expected to be listed on The Nasdaq Capital Market under the symbols "RNAQ" and "RNAQW," respectively. The offering is expected to close on August 28, 2026, subject to customary closing conditions.
The Company is a special purpose acquisition company formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The Company intends to focus its search on the global life sciences industries, including therapeutics, diagnostics, genomics, precision medicine, life science tools, research services, biomanufacturing, and related subsectors, although its efforts to identify a prospective target business will not be limited to any particular industry or geographical region. The Company's management team is led by Gbola Amusa, MD, CFA, Chief Executive Officer, and Guy Barudin, Chief Financial Officer.
Chardan is acting as the sole book-running manager for the offering. The Company has granted the underwriter a 45-day option to purchase up to an additional 1,125,000 units at the initial public offering price to cover over-allotments, if any.
The offering is being made only by means of a prospectus. Copies of the prospectus may be obtained from Chardan, 1 Pennsylvania Plaza, Suite 4800, New York, New York 10119, or by email at: [email protected].
A registration statement relating to these securities was declared effective by the Securities and Exchange Commission (the "SEC") on August 26, 2026. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any State or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such State or jurisdiction.
Cautionary Note Concerning Forward-Looking Statements
This press release contains statements that constitute "forward-looking statements," including with respect to the anticipated closing of the offering and the Company's search for an initial business combination. No assurance can be given that the offering will be completed on the terms described, or at all, or that the proceeds of the offering will be used as indicated.
Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company's registration statement for the initial public offering filed with the SEC. Copies are available on the SEC's website, www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.
Contact:
Gbola Amusa, Chief Executive Officer
1 Pennsylvania Plaza, Suite 4800
New York, NY 10119
Tel.: (646) 465-9000 [email protected]
Q6 partnership brings unique dark web fraud intelligence into Nasdaq Verafin’s consortium | Source: Nasdaq, Inc.
NEW YORK, Aug. 27, 2026 (GLOBE NEWSWIRE) -- Nasdaq Verafin today announced a partnership with Q6 Cyber, bringing together Q6 Cyber's dark web fraud intelligence and Verafin's consortium data insights in a single platform to help financial institutions proactively identify and respond to emerging fraud and scam threats. Stolen checks, payment cards, and online banking credentials are increasingly traded through private forums and encrypted channels commonly referred to as the dark web. Through this partnership, financial institutions can access Q6 Cyber's specialized visibility into dark web activity alongside Nasdaq Verafin's industry-leading counterparty and transaction insights, providing a more comprehensive view of emerging threats and enabling more informed fraud prevention efforts.
“Financial institutions have long been at a structural disadvantage when it comes to fraud, as they can only see threats once they arrive,” said Colin Parsons, Head of Fraud Product Strategy at Nasdaq Verafin. “By integrating Q6 Cyber’s capabilities directly into Nasdaq Verafin, we are giving our clients the ability to identify fraud threats before the first fraudulent transaction is ever attempted. That kind of proactive protection is what banks and credit unions need to stay ahead in a threat environment that’s evolving faster than traditional defenses.”
Through this partnership, Nasdaq Verafin will integrate Q6 Cyber’s capabilities, known as dark web fraud intelligence, into its fraud and anti-money laundering platform, enabling financial institutions to receive Q6 Cyber data within the same workflow they use to investigate fraud cases. Q6 Cyber continuously monitors dark web marketplaces, deep web forums, and encrypted messaging platforms, identifying a wide range of fraud threats such as compromised checks, payment cards, and online banking credentials, among others. By combining these predictive and actionable risk signals with intelligence from Nasdaq Verafin’s consortium data network of over 2,800 financial institutions and more than 850 million counterparties, this partnership aims to deliver a more holistic picture of fraud risk. This enables banks and credit unions to identify and respond to fraud risks earlier, helping prevent fraud where possible and mitigate losses when suspicious activity is already underway.
“Access to these sources and communities is not something you can buy or crawl,” said Eli Dominitz, CEO of Q6 Cyber. “Our intelligence is highly impactful because over the past ten years, we have built a massive network of proprietary sources deep inside the dark web, going after the threat actors that target financial institutions. With first-hand access, every piece of intelligence we deliver is a confirmed compromise or threat rather than an exposure score. Bringing that into Nasdaq Verafin puts it in front of the fraud fighters who can act on it days or weeks before the fraud event even occurs.”
In the past 18 months alone, Q6 Cyber collected more than 1.2 million compromised checks, 57 million unique compromised credentials, and 158 million compromised payment cards from the hundreds of thousands of financial crime sources it monitors. Since this intelligence comes from directly inside the communities where stolen data is sold, this partnership is designed to deliver actionable threat intelligence within minutes to hours of surfacing on the dark web, which is usually well in advance of the ensuing fraud attempt.
Check fraud is an increasingly sophisticated and persistent fraud typology growing at an annualized rate of 20.4% over the last two years, according to Nasdaq Verafin’s 2026 Global Financial Crime Report. In a proof-of-concept, companies found that the average time from Q6 Cyber’s detection of a stolen check listing on the dark web to the first fraudulent check being returned was 10 days. By giving financial institutions a multi-day window to prevent the fraudulent check deposit, anti-financial crime teams can take steps to help ensure their customers’ accounts are protected well before a fraudulent transaction is even attempted.
Nasdaq Verafin clients will have access to Q6 Cyber’s powerful intelligence covering a range of fraud vectors including check fraud, payment card fraud, and online account takeover, enabling financial institutions to stay ahead of fraudsters. Nasdaq Verafin will receive intelligence from Q6 Cyber and surface it to customers as high-risk alerts, consolidating this threat data and making it available directly into Verafin's platform, so institutions can investigate and act on it in one unified workflow. To learn more about the partnership, visit: https://verafin.com/nasdaq-verafin-partners-with-q6-cyber.
About Nasdaq Verafin
Nasdaq Verafin provides Financial Crime Management Technology solutions for Fraud Detection and Management, AML/CFT Compliance and Management, High Risk Customer Management, Sanctions Screening and Management, and Information Sharing. More than 2,800 financial institutions, representing $13 trillion in collective assets, use Nasdaq Verafin to prevent fraud and strengthen AML/CFT efforts. Visit www.verafin.com to learn more.
About Q6 Cyber
Q6 Cyber delivers dark web fraud intelligence purpose-built for financial institutions. It identifies confirmed compromises within the dark web — such as stolen checks, payment cards, account credentials, and mule accounts, among others — and delivers them as actionable alerts, giving banks and credit unions a critical time advantage to act before fraud is attempted. Q6 Cyber runs 24/7/365 across hundreds of thousands of underground channels, including invite-only forums, encrypted messaging platforms, carding marketplaces, and malware and botnet infrastructure, in the numerous languages those communities operate in. Learn more here.
Cautionary Note Regarding Forward-Looking Statements:
Information set forth in this press release contains forward-looking statements that involve a number of risks and uncertainties. Nasdaq cautions readers that any forward-looking information is not a guarantee of future performance and that actual results could differ materially from those contained in the forward-looking information. Forward-looking statements can be identified by words such as “will”, “can” and other words and terms of similar meaning. Such forward-looking statements include, but are not limited to, statements related to the benefits of Q6 Cyber’s dark web intelligence and use of it together with the Verafin platform. Forward-looking statements involve a number of risks, uncertainties or other factors beyond Nasdaq’s control. These risks and uncertainties are detailed in Nasdaq’s filings with the U.S. Securities and Exchange Commission, including its annual reports on Form 10-K and quarterly reports on Form 10-Q which are available on Nasdaq’s investor relations website at http://ir.nasdaq.com and the SEC’s website at www.sec.gov. Nasdaq undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events or otherwise.
Nasdaq Verafin Media Relations Contact
David Lurie
+1.914.538.0533 [email protected]
Nasdaq Verafin and Q6 Cyber have partnered to help financial institutions identify and respond to emerging fraud and scan threats, Nasdaq Verafin said in a Thursday (Aug. 27) press release emailed to PYMNTS.
BALA CYNWYD, Pa., Aug. 28, 2026 (GLOBE NEWSWIRE) -- Brodsky & Smith reminds investors of the following investigations. If you own shares and wish to discuss the investigation, contact Jason Brodsky ([email protected]) or Marc Ackerman ([email protected]) at 855-576-4847. There is no cost or financial obligation to you.
NEW YORK, Aug. 28, 2026 (GLOBE NEWSWIRE) -- Rainier Acquisition Corporation (the "Company") announced today the closing of its initial public offering of 7,500,000 units consisting of one Class A ordinary share and one-quarter of one redeemable warrant at a price of $10.00 per unit. The offering generated gross proceeds to the Company of $75,000,000, before underwriting discounts and offering expenses. Each whole warrant entitles the holder thereof to purchase one Class A ordinary share at a price of $11.50 per share. The units began trading on the Nasdaq Capital Market on August 27, 2026 under the ticker symbol “RNAQU.” Once the securities comprising the units begin separate trading, the Class A ordinary shares and warrants are expected to be listed on The Nasdaq Capital Market under the symbols "RNAQ" and "RNAQW," respectively.
The Company is a special purpose acquisition company formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The Company intends to focus its search on the global life sciences industries, including therapeutics, diagnostics, genomics, precision medicine, life science tools, research services, biomanufacturing, and related subsectors, although its efforts to identify a prospective target business will not be limited to any particular industry or geographical region. The Company's management team is led by Gbola Amusa, MD, CFA, Chief Executive Officer, and Guy Barudin, Chief Financial Officer.
Chardan acted as the sole book-running manager for the offering. The Company has granted the underwriter a 45-day option to purchase up to an additional 1,125,000 units at the initial public offering price to cover over-allotments, if any.
The offering was made only by means of a prospectus. Copies of the prospectus may be obtained from Chardan, 1 Pennsylvania Plaza, Suite 4800, New York, New York 10119, or by email at: [email protected].
A registration statement relating to these securities was declared effective by the Securities and Exchange Commission (the "SEC") on August 26, 2026. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any State or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such State or jurisdiction.
Cautionary Note Concerning Forward-Looking Statements
This press release contains statements that constitute "forward-looking statements," including with respect to the Company's search for an initial business combination. No assurance can be given that the offering will be completed on the terms described, or at all, or that the proceeds of the offering will be used as indicated.
Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company's registration statement for the initial public offering filed with the SEC. Copies are available on the SEC's website, www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.
Contact:
Gbola Amusa, Chief Executive Officer
1 Pennsylvania Plaza, Suite 4800
New York, NY 10119
Tel.: (646) 465-9000 [email protected]
SINGAPORE, Aug. 24, 2026 (GLOBE NEWSWIRE) -- Orangekloud Technology Inc. (Nasdaq: ORKT) (“Orangekloud” or “the Company”), a Singapore-based technology company offering the eMOBIQ® No-Code platform for the development of mobile applications and SaaS subscription-based ISV Solutions, today announced that it has entered into a definitive Agreement and Plan of Exchange of Securities (the “Exchange Agreement”) with Orbis Technology Limited (“Orbis”), a New Zealand company and the operator of VeVe Inc., the largest mobile-first digital collectibles platform.
Upon closing of the transaction, Orbis will become a subsidiary of the Company, which will be renamed VeVe Inc. and trade on Nasdaq under ticker symbol “VEVE”.
The Exchange Agreement follows the non-binding Letter of Intent announced on February 11, 2026, and represents the definitive agreement contemplated thereunder.
Orbis is a global digital intellectual property (IP) infrastructure company that enables leading brands to issue, authenticate, and monetize licensed digital assets at scale. Orbis operates across IP ingestion, rights management, marketplace infrastructure, and secondary-market monetization, providing an end-to-end platform for digital IP lifecycle management. VeVe is Orbis’s flagship consumer-facing brand and marketplace, serving as a distribution and demand engine for the Group’s underlying IP infrastructure.
Key Transaction Terms
Exchange consideration and exchange ratio. Up to 3,967,705 Orbis capital shares, representing 100% of the Orbis capital shares outstanding immediately prior to closing, may be exchanged for the issuance of up to 600,000,000 ordinary shares of the Company, at a deemed value of $1.00 per share, subject to adjustment for the exercise of certain Orbis warrants. At the effective time, each Orbis ordinary share held by an Orbis shareholder that is a party to the Exchange Agreement will be exchanged for 37.8048 Class A ordinary shares and 113.4144 Class B ordinary shares of the Company, up to approximately 150,017,021 Class A ordinary shares and approximately 449,982,979 Class B ordinary shares in the aggregate.Warrants. As of the date of the Exchange Agreement, 101,736 warrants to acquire Orbis capital shares were outstanding. Orbis warrants exercised prior to the effective time will be exchanged on the same pro rata basis as other Orbis capital shares; any warrants that remain outstanding at the effective time may either remain outstanding and unchanged or be replaced with warrants exercisable for Class A and Class B ordinary shares of the Company in accordance with the conversion provisions of the Exchange Agreement. Separately, in connection with the closing, the Company intends to issue to its advisor 90,927,946 warrants, each exercisable for one Class A ordinary share at an exercise price of $1.00 per share. Mutual agreement on the form of such warrant is a condition to closing.Equity incentive and management awards. The Exchange Agreement permits the Company to grant awards under its 2025 Equity Incentive Plan covering up to 875,965 shares, and to grant performance- and service-based restricted stock units to each of Goh Kian Hwa and Lung Lay Hua with an aggregate value of up to $3 million each, subject to the conditions set forth in the Exchange Agreement.Advisory fees. The Company may issue up to $3.5 million of restricted shares as an advisory success fee, contingent upon closing. The Exchange Agreement also provides for the payment of a finder's fee in connection with certain operating expense financing, not to exceed 6% of the funds raised.Shareholder support. Holders of more than 75% of the outstanding capital stock of Orbis have executed the Exchange Agreement. The Company anticipates that this percentage will increase to at least 93% pursuant to drag-along rights contained in an agreement among Orbis shareholders.Concurrent financing. At or prior to closing, the Company is required to complete a private placement of Class A ordinary shares for aggregate gross proceeds of a minimum of $30 million and a maximum of $100 million. Of the proceeds, $3 million is to be provided at closing to a wholly owned operating subsidiary of the Company for ordinary-course operations related to its current mobile applications and SaaS solutions.Orbis deposit. Orbis intends to provide the Company with $1 million in cash within 60 days of the date of the Exchange Agreement. The payment is non-refundable, subject to limited exceptions, and is restricted to use for the Company’s operations and ordinary-course business purposes.Board and management. Following the effective time, the board of directors will consist of seven directors: Goh Kian Hwa and Lung Lay Hua, each a current director of the Company; four nominees designated by Orbis; and one nominee designated by the Company’s advisor. The post-closing board is required to satisfy Nasdaq independence requirements. Senior executive officer positions of the post-closing company will be held by individuals designated by Orbis.Share structure. Holders of the Company’s existing Class B ordinary shares have delivered irrevocable instructions to convert all such shares into Class A ordinary shares effective upon, and conditioned on, the closing, and have agreed to vote in favor of the transaction. Holders of Orbis equity interests have entered into lock-up agreements covering the twelve-month period following the closing, subject to customary permitted transfers.Nasdaq listing. The Company will use its reasonable best efforts to cause the Class A ordinary shares issued in the transaction to be approved for listing on the Nasdaq Stock Market at or after the effective time.Additional financings. In addition to the concurrent private placement described above, the Exchange Agreement permits the Company to conduct an operating expense financing of up to $6 million, subject to the pricing, use-of-proceeds and 20% ownership limitations set forth in the Exchange Agreement. “Signing this definitive agreement is a significant milestone for Orangekloud and for our shareholders,” said Goh Kian Hwa, Chief Executive Officer of Orangekloud Technology Inc. “Since announcing our letter of intent in February, both teams have worked diligently to reach terms that we believe position the combined business for its next stage of growth. Orbis has built genuine infrastructure for licensed digital IP, and VeVe has established a marketplace and audience at meaningful scale. We look forward to working toward the satisfaction of the closing conditions, including shareholder approval, and to keeping our shareholders informed as the process advances.”
“This agreement is an important step for Orbis and for VeVe,” said David Yu, Chief Executive Officer of Orbis. “Collectibles are one of the fastest-growing categories in consumer culture overall, and VeVe has established itself as a clear market leader in digital collectibles. This transaction supports our long-term plans for the platform and for the brands we work with, and we look forward to working with the Orangekloud team toward closing.”
Completion of the transaction is subject to the satisfaction or waiver of customary closing conditions, including final approval of the Company’s board of directors subject to receipt of a satisfactory independent fairness opinion; completion of financial, tax, and legal due diligence; confirmation of committed financing; approval by the Company’s shareholders at an extraordinary general meeting; approval for listing on Nasdaq of the Class A ordinary shares to be issued in the transaction; receipt of any required consent or non-objection from the New Zealand Overseas Investment Office; and the absence of any legal restraint preventing the transaction. The Exchange Agreement may be terminated by either party if the closing has not occurred by December 31, 2026, subject to extension in specified circumstances. There can be no assurance that the transaction will be completed on the terms described, on the anticipated timeline, or at all.
About Orangekloud Technology Inc.
Orangekloud Technology Inc. (Nasdaq: ORKT) is a Singapore-based technology company which offers the eMOBIQ® No-Code platform to develop mobile applications specially designed for Small and Medium Enterprises (SMEs) and corporations. A suite of eMOBIQ® mobile applications designed to digitalize and streamline operations in warehousing, sales ordering, delivery, manufacturing, and other key areas. The industry sectors focused on include Food Services & Manufacturing, Precision Engineering, Construction, etc.
FORWARD-LOOKING STATEMENTS
This press release contains forward-looking statements within the meaning of the U.S. federal securities laws with respect to the parties and the transaction. The Company's and/or Orbis's actual results may differ from their expectations, estimates and projections and consequently, you should not rely on these forward-looking statements as predictions of future events. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. No representations or warranties, express or implied are given in, or in respect of, this press release. When this press release uses words such as "may," "will," "intend," "should," "believe," "expect," "anticipate," "project," "estimate" or similar expressions that do not relate solely to historical matters, it is making forward-looking statements.
These forward-looking statements and factors that may cause actual results to differ materially from current expectations include, but are not limited to: (1) the occurrence of any event, change or other circumstances that could give rise to the termination of the Exchange Agreement with respect to the transaction; (2) the outcome of any legal proceedings that may be instituted against the parties following the announcement of the transaction and definitive agreements with respect thereto; (3) the inability to complete the transaction, including due to failure to obtain approval of the shareholders of the Company or Orbis or other conditions to closing; (4) the inability to obtain or maintain the listing of the Company's shares on Nasdaq or another national securities exchange following the transaction; (5) the ability of the Company to remain current with its SEC filings; (6) the risk that the transaction disrupts current plans and operations as a result of the announcement and consummation of the transaction; (7) the ability to recognize the anticipated benefits of the transaction, which may be affected by, among other things, competition, the ability of the combined company to grow and manage growth profitably and retain its key employees; (8) costs related to the transaction; (9) changes in applicable laws or regulations; (10) the inability of Orbis to implement business plans, forecasts, and other expectations after the completion of the transaction; (11) the risk that the concurrent private placement contemplated by the Exchange Agreement, or additional capital needed following the transaction to support the combined company's business or operations, may not be raised on favorable terms or at all; and (12) other risks and uncertainties included in documents filed or furnished with the SEC by the Company.
The foregoing list of factors is not exhaustive. You should carefully consider the foregoing factors and the other risks and uncertainties described in the "Risk Factors" section of the Company's annual report on Form 20-F and other documents filed or furnished by the Company from time to time with the SEC. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. You should not place undue reliance upon any forward-looking statements, which speak only as of the date made. There may be additional risks that neither the Company nor Orbis presently knows, or that the Company and/or Orbis currently believe are immaterial, that could cause actual results to differ from those contained in the forward-looking statements. For these reasons, among others, investors and other interested persons are cautioned not to place undue reliance upon any forward-looking statements in this press release. Neither the Company nor Orbis undertakes any obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date of this press release, except as required by applicable law.
NO OFFER OR SOLICITATION
This press release is not a proxy statement or solicitation of a proxy, consent or authorization with respect to any securities or in respect of the transaction and shall not constitute an offer to sell or a solicitation of an offer to buy any securities, or a solicitation of any vote or approval, nor shall there be any sale of securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the requirements of the Securities Act of 1933, as amended, or an exemption therefrom.
Orangekloud Technology Inc. IR Contact:
Steven Chu, COO and IR Officer
70 Bendemeer Road #04-04 Luzerne
Singapore 339940
(+65) 6317 2050
Email: [email protected]
Investor Relations Inquiries:
Skyline Corporate Communications Group, LLC
Scott Powell, President
1177 Avenue of the Americas, 5th Floor
New York, New York 10036
Office: (646) 893-5835
Email: [email protected]
US stock futures edged higher on Friday as Wall Street tried to recover from Thursday’s selloff, but the rebound did little to erase a difficult week for risk assets.
Dow and S&P 500 futures were up about 0.3% in early trading, while Nasdaq 100 futures gained roughly 0.6%.
The S&P 500 and Nasdaq were still heading for weekly declines of about 2%, with both poised to snap three-week winning streaks.
Elevated Treasury yields, uncertainty around Iran and US fiscal credibility remain the main restraints, even as technology and crypto shares attempt to stabilise before the opening bell.
1. Futures bounce, but the weekly damage remains
Friday’s gains follow a broad retreat on Thursday, when the Dow fell 1.3%, the S&P 500 lost 0.9% and the Nasdaq Composite dropped 1%.
Meta and Tesla were among the stronger pre-market names as technology shares attempted to recover.
The bigger concern is that long-duration growth stocks are being forced to absorb a much higher cost of capital just as investors question how quickly heavy AI spending will translate into profits.
2. Treasury yields remain the market’s pressure point
The 10-year Treasury yield was near 4.69% and the 30-year around 5.25%, keeping borrowing costs close to this week’s highs.
Washington’s plan to at least double long-dated liquidity-support buybacks initially pushed yields lower, but that relief has largely faded.
JPMorgan strategists Jay Barry and Jason Hunter see the intervention as insufficient without genuine fiscal consolidation, warning that persistent deficits could ultimately keep upward pressure on long-term yields.
3. Iran keeps oil and inflation risk elevated
Brent crude eased towards $93.50 a barrel on Friday but remained on course for a weekly gain of roughly 5%.
The US-Iran standoff and uncertainty over normal shipping through the Strait of Hormuz continue to sustain a sizeable geopolitical premium.
For equities, expensive energy creates a double risk: it can weaken household spending while also keeping inflation and bond yields higher.
4. Ross Stores and crypto shares lead early movers
Ross Stores jumped more than 8% before the bell after stronger second-quarter results and an improved full-year profit outlook.
Sales rose 13% to $6.3 billion, helped by a 10% increase in comparable-store sales.
Crypto-linked shares also rallied as Bitcoin moved above $78,000.
Strategy and Coinbase were among the gainers as regulatory optimism improved following President Donald Trump’s renewed push for crypto legislation.
5. Nvidia, PCE and Jackson Hole loom next week
Friday may offer only a pause before a heavier catalyst calendar.
Nvidia reports fiscal second-quarter results on Wednesday, August 26, the same day the US releases July personal income and spending data, including the Fed’s preferred PCE inflation gauge.
The Jackson Hole symposium follows from August 27-29, with Fed Chair Kevin Warsh due to speak on August 28.
His remarks will be closely watched for clues on whether September rates remain unchanged.
This announcement repeats information previously disclosed by the Company on Form 6-K filed with the Securities and Exchange Commission on August 10, 2026. There is no immediate impact on the listing of the Company’s ordinary shares as a result of the Notification Letter, and the Company’s ordinary shares currently continue to trade in the normal manner on the Nasdaq Capital Market under the symbol “RCT”. | Source: RedCloud Holdings plc
London, UK, Aug. 20, 2026 (GLOBE NEWSWIRE) -- RedCloud Holdings plc (the “Company” or “RedCloud”) (Nasdaq: RCT) received written notification from the Listing Qualifications Department of The Nasdaq Stock Market LLC ("Nasdaq") on August 10, 2026, the details of which are described below. The Company previously disclosed receipt of the Notification Letter in a Report of Foreign Private Issuer on Form 6-K filed with the Securities and Exchange Commission on August 10, 2026.
On August 10, 2026, RedCloud received written notification (the “Notification Letter”) from Nasdaq that the Company is not in compliance with the minimum market value of listed securities set forth in Nasdaq’s rules for continued listing on the Nasdaq Capital Market. Nasdaq Listing Rule 5550(b)(2) requires primary securities listed on the Nasdaq Capital Market to maintain a minimum market value of listed securities of $35,000,000 (the “MVLS Requirement”), and Listing Rule 5810(c)(3)(C) provides that a failure to meet the MVLS Requirement exists if a deficiency under Rule 5550(b)(2) continues for a period of 30 consecutive business days. Based on the market value of the Company’s listed securities for a period of greater than 30 consecutive business days prior to August 6, 2026, the Company is not in compliance with the MVLS Requirement.
In accordance with Nasdaq Listing Rule 5810(c)(3)(C), the Company has a cure period of 180 calendar days, or until February 8, 2027 (the “Compliance Period”), to regain compliance with the MVLS Requirement. To regain compliance, the market value of the Company’s listed securities must meet or exceed $35,000,000 for at least 10 consecutive business days during the Compliance Period. If the Company does not regain compliance during such period, Nasdaq will provide written notice that the Company’s ordinary shares are subject to delisting. In that event, the Company may appeal such determination to a hearing panel.
The Company will make its best efforts to regain compliance with the MVLS Requirement prior to the expiration of the Compliance Period. However, there can be no assurance that the Company will succeed in doing so.
About RedCloud Holdings plc
RedCloud’s mission is to build the intelligence infrastructure of global trade, through generation and aggregation of proprietary trading and market data from across the FMCG industry through its RedAI infrastructure and associated products (“RedAI”). RedCloud provides market intelligence based on proprietary trading data across categories in each of its markets. The Company also delivers a trading infrastructure and related products for use by its customers, to enable intelligent digital exchange of everyday consumer supplies of FMCG products across business supply chains, supported by a payments and lending ecosystem intended to streamline trade.
RedCloud is a British company registered in London, co-founded by serial entrepreneur Justin Floyd and Soumaya Hamzaoui. For more information, please visit www.redcloudtechnology.com and connect on LinkedIn.
Forward-Looking Statements
The information in this press release may include forward-looking statements within the meaning of the federal securities laws. These statements generally relate to future events or our future financial or operating performance. Words such as “expect,” “project,” “estimate,” “believe,” “anticipate,” “intend,” “plan,” “seek,” “forecast,” “target,” “predict,” “may,” “should,” “would,” “could,” and “will,” the negative of these terms and similar expressions are intended to identify forward-looking statements. Forward-looking statements are based on management’s current expectations and assumptions, and are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict, including, but not limited to, the Company’s ability to regain compliance with Nasdaq’s rules for continued listing, the concomitant risk that the Company’s shares may be delisted by Nasdaq, market and business conditions. As a result, actual results could differ materially from those indicated in these forward-looking statements. When considering these forward-looking statements, you should keep in mind the risk factors and other cautionary statements described in “Cautionary Note Regarding Forward-Looking Statements,” “Item 3. Key Information – D. Risk Factors” and “Item 5. Operating and Financial Review and Prospects” in RedCloud’s most recent Annual Report on Form 20-F filed with the Securities and Exchange Commission, as well as the Company’s periodic reports and other filings with the SEC. RedCloud undertakes no obligation and does not intend to update these forward-looking statements to reflect events or circumstances occurring after this press release.
Global financial markets are experiencing a profound structural shift. For decades, traditional equities have been constrained by the opening and closing bells of Eastern Standard Time. Investors operating in London, Tokyo, or Singapore have effectively been locked out of real-time participation in the U.S. market, forced to rely on fragmented off-exchange products or delayed execution.
That geographic and temporal barrier is rapidly deteriorating. As foreign exchange and digital asset markets demonstrate the viability of continuous trading, traditional exchanges are realizing the tremendous volume they are leaving on the table.
Moving to a near-24/7 model isn't just about extending hours. It is about permanently capturing trapped international liquidity. The infrastructure required to facilitate this shift creates a unique opportunity for businesses operating the market's plumbing. Leading this transition means becoming the primary tollbooth for global capital flow. Understanding how one major exchange is building the architecture for this new era provides a blueprint for the future of capital markets.
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Expanding the Empire: The 23-Hour Profit EngineNasdaq Today
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Market operators generate revenue through capital velocity. Every time a share changes hands, the exchange collects a fraction of a cent. Nasdaq, Inc. NASDAQ: NDAQ is preparing to fundamentally expand that velocity with a planned launch of a 23-hour trading schedule on Dec. 6. By extending operations to nearly five full days a week, Nasdaq is not only tweaking operating hours but also executing a structural capture of overseas retail and institutional order flow.
When European and Asian markets are highly active, U.S. equities are historically dormant. International brokerages experience heavy demand from local clients who want exposure to major American technology and industrial equities in their own time zones.
By opening the gates, Nasdaq positions itself to absorb this previously sidelined capital. Increased transaction volume directly translates to higher clearing fees and a surge in demand for proprietary market data feeds. Brokers around the world will need real-time U.S. pricing data, which will force them to subscribe to Nasdaq's premium data packages. This dynamic shifts Nasdaq from a regional utility to a global liquidity nexus.
Plumbing in the Dark: The LeveL Markets IntegrationRunning a market for 23 hours requires highly specialized infrastructure. During traditional off-hours, liquidity naturally thins, which can lead to price volatility and wide bid-ask spreads. To solve this, exchanges need deep, localized matching engines that can pair buyers and sellers efficiently without disrupting the broader market.
This necessity contextualizes Nasdaq's recent strategic acquisition of LeveL Markets. Announced in mid-August, LeveL Markets operates as a top-three U.S. Alternative Trading System. An Alternative Trading System allows institutional investors to execute large block trades off the primary public exchange, minimizing market impact. LeveL Markets processes hundreds of millions of shares daily and connects over 2,500 buy-side and sell-side clients.
By integrating this scaled matching engine into the newly formed Digital Liquidity Networks division, Nasdaq secures the exact architectural groundwork required for continuous global trading. The platform provides the underlying plumbing to reliably match overseas institutional order flow, ensuring that the continuous market remains orderly and efficient. This acquisition bridges the gap between traditional fiat infrastructure and the programmable, always-on mechanics required for modern global finance.
Scaling Compliance: The Financial Technology FlywheelWhile transaction fees from extended trading hours are highly lucrative, the true fundamental value of this expansion lies in software. When evaluating exchange operators, the core metric to watch is operating leverage, which measures the ability to grow revenue faster than operating expenses.
Nasdaq operates a high-margin financial technology ecosystem alongside the core exchange. The Financial Technology segment, which includes regulatory compliance tools like Verafin and AxiomSL, recently reported revenue growth of about 16% year-over-year, reaching roughly $539 million in a single quarter.
Continuous global order flow demands continuous regulatory infrastructure. As international banks and brokerages connect to the 23-hour market, their compliance requirements scale exponentially. Market participants require advanced, AI-driven surveillance to monitor for fraud and anti-money laundering violations around the clock.
This dynamic creates an immediate, highly sticky cross-selling opportunity for Nasdaq. Trading volume acts as the top-of-funnel acquisition channel, filtering global clients into high-margin, recurring software contracts. The results of this strategy are already visible in the balance sheet.
Annualized recurring revenue is currently closing in on $3.3 billion, with software subscriptions now comprising about 38% of that total. As software becomes a larger piece of the revenue pie, profitability naturally scales. Non-GAAP operating margins recently expanded to a hearty 57%. The business model effectively operates as an insulated tollbooth, extracting fees from market volatility and global capital flows regardless of broader macroeconomic direction.
Is the Market Pricing in the Shift?100th Percentile
Buy
14.5% Upside
Healthy
Strong
1.43 Acquiring Shares
12.77%
See Full Analysis
From a valuation standpoint, the market is pricing in steady growth, but arguably underestimating the impending volume multiplier. Nasdaq trades at a trailing price-to-earnings ratio near 28, with a forward metric sitting around 23. Given that analysts project forward earnings growth in the neighborhood of 12%, this valuation represents a reasonable premium for a business with 57% operating margins and a rapidly expanding recurring revenue base.
Management maintains a highly disciplined approach to capital allocation, supported by solid cash flow generation. Nasdaq recently deployed about $356 million for open-market share repurchases in a single quarter, retiring float to boost shareholder value. This is paired with a reliable quarterly dividend of around 1.2%, returning additional capital while preserving sufficient liquidity to fund strategic acquisitions such as LeveL Markets. When a management team actively shrinks the outstanding share count while simultaneously expanding the total addressable market, the fundamental setup warrants close attention.
Time Is Money: Preparing for an Always-On EconomyThe transition to a 23-hour trading model transforms the basic utility of a traditional stock exchange. By capturing untapped overseas order flow and cross-selling essential compliance technology, market operators can permanently elevate recurring fee income. While potential macroeconomic headwinds or regulatory pushback on extended hours remain viable risks to monitor, the structural tailwinds heavily favor operators that own the underlying market infrastructure.
Nasdaq is positioning itself not just as an equity exchange, but as a diversified global financial technology provider. Investors seeking exposure to the financial sector might consider analyzing the operating leverage of market makers and exchange operators ahead of this December shift. Adding high-margin infrastructure businesses to a watchlist is an excellent strategy as the global financial system takes its next step toward an always-on economy.
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TOKYO and NEW YORK, Aug. 20, 2026 (GLOBE NEWSWIRE) -- Advasa Holdings, Inc. (“ADVASA” or the “Company”), a fintech payment holding company providing Earned Wage Access (EWA) and next-generation financial infrastructure solutions through its Japanese operating subsidiary ADVASA Co., Ltd., today announced an update to the expected commencement of trading of its common stock on the Nasdaq Global Market (“Nasdaq”).
The Company previously announced on August 17, 2026 that its common stock was expected to begin trading on Nasdaq under the ticker symbol “ADBT” on or about August 18, 2026. The Company now expects trading of its common stock on Nasdaq to commence on August 25, 2026. The rescheduling allows for the final coordination and completion of standard administrative clearing procedures. The Company is currently working alongside its transfer agent, the Depository Trust Company (DTC), and brokerage clearing participants to finalize the electronic intake and credit of shares held by selling stockholders into the DTC system and individual brokerage accounts. This timeline is intended to facilitate an orderly market debut and synchronized execution capabilities across both domestic and international extended-hours trading platforms, including Japanese overnight and after-market sessions.
Nasdaq’s regular market session begins at 9:30 a.m. Eastern Time (ET). However, because the Company’s common stock is being listed through a public direct listing, trading in the Company’s common stock is not expected to commence simultaneously with the opening of the regular market session at 9:30 a.m. ET. Instead, the opening trading price will be determined through Nasdaq’s opening auction process based on buy and sell orders. Following completion of the applicable Nasdaq procedures and the opening auction process, trading in the Company’s common stock is expected to commence. Accordingly, the actual commencement of trading may occur after 9:30 a.m. ET and may vary depending on market conditions and order activity.
The Company’s registration statement on Form S-1, as filed with the Securities and Exchange Commission (the “SEC”), relating to the Company’s public direct listing of its common stock was declared effective by the SEC on August 11, 2026, and the Company’s common stock has been approved for listing on Nasdaq.
WestPark Capital, Inc. is acting as financial advisor and Anthony, Linder & Cacomanolis, PLLC is acting as securities counsel to ADVASA in connection with the direct listing on Nasdaq.
The direct listing will be made only by means of a prospectus forming part of the Company’s effective registration statement. A copy of the prospectus may be obtained without charge by visiting the SEC’s EDGAR website at www.sec.gov.
This announcement does not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
Subject to individual brokerage timelines and account restrictions, trading is expected to be accessible through the following securities firms in Japan upon or shortly after the expected trading commencement date:
Japanese investors should consult their respective Japanese brokerage platforms directly to confirm exact trading hours, potential local restrictions, and fee structures.
About ADVASA
Advasa Holdings, Inc. (corporate website: https://adbt.io/) is a fintech payment holding company established in Delaware conducting operations through its Japanese subsidiary ADVASA Co., Ltd. headquartered in Tokyo, Japan (corporate website: https://www.advasa.co.jp/en/, Founder and Representative Director: Asamitsu Kosugi). ADVASA operates “FUKUPE,” an EWA platform that allows employees to receive wages they have already earned in real-time. Leveraging a global patent strategy, the company has established an intellectual property foundation across markets including Japan, the United States, South Korea, and Singapore. By integrating seamlessly with major HR and payroll systems as well as diverse payment infrastructures (such as bank transfers and e-wallets), ADVASA plans to expand from Japan into global markets—including Indonesia and the UAE where the need for financial inclusion is rapidly growing.
Forward-Looking Statements
Certain statements in this announcement are forward-looking statements. All statements other than statements of historical fact are forward-looking statements, including statements regarding: the rescheduled anticipated date on which ADVASA's common stock will begin trading on Nasdaq; the final coordination, processing, and completion of standard administrative clearing procedures; the Company’s ongoing collaboration with its transfer agent, the DTC, and brokerage clearing participants; the successful electronic intake, processing, and credit of shares held by selling stockholders in registered book-entry form into the DTC system and individual brokerage accounts; and the expectation of an orderly market debut with synchronized execution capabilities across both domestic and international extended-hours trading platforms, including Japanese overnight and after-market sessions. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company's current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy, and financial needs, including risks and uncertainties related to: whether or not the Company will consummate the direct listing on the anticipated timeline or at all; prevailing market conditions; investor demand for shares of ADVASA's common stock; the expected availability of trading on specific international platforms; unanticipated delays, technical complications, or administrative bottlenecks encountered by third parties, including the transfer agent, the DTC, or brokerage clearing participants, in processing and crediting book-entry shares; the inability of relevant clearing systems to execute the electronic intake of shares within the expected timeframe; regulatory interventions, operational challenges, or system disruptions affecting domestic or international extended-hours trading platforms, including overnight and after-market sessions in Japan; unexpected market volatility or liquidity constraints that may disrupt an orderly market debut or synchronized trading execution; and the impact of general economic, industry, or regulatory conditions in the United States or internationally. Investors can identify these forward-looking statements by words or phrases such as “may,” “could,” “will,” “should,” “would,” “expect,” “plan,” “aim,” “intend,” “anticipate,” “believe,” “estimate,” “predict,” “likely,” “potential,” “project,” or “continue,” or the negative of these terms or other comparable terminology. The Company undertakes no obligation to publicly update or revise any forward-looking statements to reflect subsequent events or circumstances, except as required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot guarantee that such expectations will prove correct. The Company cautions investors that actual results may differ materially from those anticipated and encourages investors to review the risks and uncertainties and other factors that may affect the Company’s future results identified in the Company’s registration statement on Form S-1, as amended (File No. 333-292013), declared effective by the SEC on August 11, 2026, the Company’s Form 10-Q for the quarter ended June 30, 2026 filed with the SEC on August 12, 2026, and subsequent disclosure documents the Company may file with the SEC, available at www.sec.gov. The Company claims the protection of the Safe Harbor contained in the Private Securities Litigation Reform Act of 1995 for forward-looking statements.
BOCA RATON, Fla., Aug. 19, 2026 (GLOBE NEWSWIRE) -- Karman Line Acquisition Corp. (the “Company”), a special purpose acquisition company, today announced the closing of its initial public offering of 20,000,000 units at a price of $10.00 per unit. The units began trading on the Nasdaq Global Market (“Nasdaq”) under the ticker symbol “XTERU” on August 18, 2026. Each unit consists of one Class A ordinary share and one-half of one redeemable warrant of the Company. Each whole warrant entitles the holder thereof to purchase one Class A ordinary share at a price of $11.50 per share, subject to certain adjustments. Once the securities comprising the units begin separate trading, the Company expects that its Class A ordinary shares and warrants will be listed on Nasdaq under the symbols “XTER” and “XTERW,’’ respectively.
The Company was formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The Company may pursue an initial business combination in any business, industry, sector or geographical location, but the Company intends to focus on sectors aligned with the creation or expansion of services and capabilities for or tangential to space based infrastructure, with a focus on the aerospace and defense sectors.
Cohen & Company Capital Markets, a division of Cohen & Company Securities, LLC acted as book-running manager for the offering, together with Clear Street LLC as co-book runner. The Company has granted the underwriters a 45-day option to purchase up to 3,000,000 additional units at the initial public offering price to cover over-allotments, if any.
The public offering was made only by means of a prospectus. Copies of the prospectus relating to this offering may be obtained from Cohen & Company Capital Markets, a division of Cohen & Company Capital Markets, a division of Cohen & Company Securities, LLC, 3 Columbus Circle, 24th Floor, New York, NY 10019, Attention: Prospectus Department, or by email at: [email protected].
A registration statement relating to the securities was declared effective by the U.S. Securities and Exchange Commission (the “SEC”) on August 17, 2026. This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
Forward-Looking Statements
This press release contains statements that constitute “forward-looking statements,” including with respect to the anticipated use of the net proceeds from the offering and the Company’s expectations regarding its ability to complete an initial business combination. No assurance can be given that the Company will ultimately complete a business combination transaction in the sector it is targeting, or at all. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company’s registration statement and prospectus for the Company’s initial public offering filed with the SEC. Copies of these documents are available on the SEC’s website, at www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this press release, except as required by law.
Contact
Richard Davis
KARMAN LINE ACQUISITION CORP.
Phone: (212) 207-0090
Email: [email protected]
SINGAPORE & VAN NUYS, Calif.--(BUSINESS WIRE)--Trio-Tech International (“Trio-Tech” or the “Company”) (NYSE MKT: TRT), a comprehensive provider of semiconductor back-end solutions and a global value-added supplier of electronic equipment, today announced that its common stock has been approved for listing on the Nasdaq Global Market. Trio-Tech expects its common stock to begin listing on Nasdaq under the ticker symbol “TRT” at the opening of trading on September 16, 2026. The Company's common s.
SINGAPORE, Aug. 14, 2026 (GLOBE NEWSWIRE) -- Davis Commodities Limited (“Davis Commodities” or the “Company”), an agricultural commodity trading company that specializes in trading sugar, rice, and oil and fat products, today announced that it has received a final action letter dated August 11, 2026 (the “Final Action Letter”) from The Nasdaq Stock Market LLC (“Nasdaq”) relating to the listing of the Company’s securities.
The Final Action Letter informed the Company that the Nasdaq Board of Directors had declined to call for review the July 28, 2026, decision of the Nasdaq Listing and Hearing Review Council (the “Listing Council”).
Accordingly, pursuant to Nasdaq Listing Rule 5820(e)(6), the Listing Council’s decision represents Nasdaq’s final action in this matter.
Nasdaq further advised the Company that it will follow the procedures set forth in Nasdaq Listing Rule 5830 and Rule 12d2-2 under the Securities Exchange Act of 1934, as amended, to remove the Company’s securities from listing on Nasdaq.
The Final Action Letter also provides that the Company may appeal Nasdaq’s decision to the U.S. Securities and Exchange Commission (the “SEC”) pursuant to Section 19 of the Securities Exchange Act of 1934 and the SEC Rules of Practice.
As previously disclosed, trading in the Company’s Class A ordinary shares on Nasdaq was suspended on March 25, 2026. The Company’s Class A ordinary shares are quoted on the OTC Markets under the symbol “DTCKF.”
The Final Action Letter relates to the listing status of the Company’s securities and the completion of Nasdaq’s internal review process. The Company will continue to comply with its applicable disclosure and reporting obligations and will make further announcements regarding any material developments, as appropriate and in accordance with applicable laws and regulations.
About Davis Commodities Limited
Based in Singapore, Davis Commodities Limited is an agricultural commodity trading company specializing in the trading of sugar, rice, and oil and fat products across markets including Asia, Africa and the Middle East. The Company sources, markets and distributes commodities under its principal brands, including Maxwill and Taffy in Singapore.
The Company also provides complementary services supporting its commodity trading activities, including warehouse handling, storage and logistics services. Through its established network of commodity suppliers and logistics service providers, Davis Commodities serves customers across multiple international markets.
For more information, please visit the Company’s investor relations website at ir.daviscl.com.
Forward-Looking Statements
Certain statements in this press release may constitute “forward-looking statements” within the meaning of applicable securities laws. Such statements include, among other things, statements concerning the Company’s future plans, regulatory and reporting obligations, the Nasdaq delisting process, any potential appeal or other actions the Company may consider, and the Company’s future business and operations.
Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or developments to differ materially from those expressed or implied by such statements. These statements are based on management’s current expectations and assumptions and are subject to risks and uncertainties described in the Company’s filings with the SEC.
The Company undertakes no obligation to publicly update or revise any forward-looking statements to reflect subsequent events, circumstances or changes in expectations, except as required by applicable law.
Investor Relations Contact
Davis Commodities Limited
Investor Relations Department
Email: [email protected]
, /PRNewswire/ -- BOA Acquisition Corp. II (the "Company") today announced that, commencing on August 14, 2026, holders of the units (the "Units") sold in the Company's initial public offering may elect to separately trade the Company's Class A ordinary shares (the "Ordinary Shares") and rights (the "Rights") included in the Units.
The Ordinary Shares and Rights received from the separated Units will trade on The Nasdaq Stock Market ("Nasdaq") under the symbols "THEO" and "THEOR," respectively. Units that are not separated will continue to trade on Nasdaq under the symbol "THEOU." Holders of Units will need to have their brokers contact Odyssey Transfer and Trust Company, LLC, the Company's transfer agent, in order to separate the Units into Ordinary Shares and Rights.
The Company was formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. While the Company may pursue an acquisition opportunity at any stage of development and in any industry or geography, the Company intends to focus its search on opportunities involving direct investments in real estate and infrastructure assets, particularly within the energy, telecommunications and transportation sectors.
The Units were initially offered by the Company in an underwritten offering. D. Boral Capital LLC acted as sole book-running manager of the offering. Copies of the prospectus relating to the offering may be obtained from D. Boral Capital LLC, 590 Madison Avenue, 39th Floor, New York, NY 10022, by email at [email protected], or by telephone at (212) 970-5150.
The registration statement on Form S-1, as amended (File No. 333-290732), relating to the securities was declared effective by the U.S. Securities and Exchange Commission (the "SEC") on August 3, 2026. This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
Forward Looking Statements
This press release contains statements that constitute "forward-looking statements." No assurance can be given that the Company will ultimately complete a business combination transaction. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company's registration statement and prospectus for the Company's offering filed with the U.S. Securities and Exchange Commission (the "SEC"). Copies of these documents are available on the SEC's website at www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.
Contact
Benjamin A. Friedman
BOA Acquisition Corp. II
Phone: (888) 211-3261
Email: [email protected]
Bob Greifeld, Cornerstone Financial Tech Management co-founder and former Nasdaq CEO, joins 'The Exchange' to discuss compute as an asset class, the risks associated and much more.
Nasdaq enters agreement to acquire a leading U.S. Alternative Trading System, advancing the company's strategy to provide institutional-grade solutions for always-on markets Roland Chai appointed Head of newly formed Digital Liquidity Networks organization; Nikolaj Kosakewitsch appointed Head of European Market Services NEW YORK, Aug. 11, 2026 (GLOBE NEWSWIRE) -- Nasdaq (Nasdaq: NDAQ) today announced that it has entered into a definitive agreement to acquire all the equity interests of LeveL Markets, LLC, one of the leading off-exchange equity execution venues in the United States. As market structure evolves and the boundaries between traditional and digital markets continue to converge, investors and market participants are increasingly seeking a broader range of liquidity solutions and market models that support different investment and trading objectives.
NEW YORK, Aug. 11, 2026 (GLOBE NEWSWIRE) -- At the end of the settlement date of July 31, 2026, short interest in 3,835 Nasdaq Global MarketSM securities totaled 18,151,604,493 shares compared with 18,406,468,581 shares in 3,836 Global Market issues reported for the prior settlement date of July 15, 2026. The July short interest represents 3.17 days compared with 3.07 days for the prior reporting period.
Celebration, FL, Aug. 10, 2026 (GLOBE NEWSWIRE) -- La Rosa Holdings Corp. (NASDAQ: LRHC) (“La Rosa” or the “Company”), a real estate and PropTech company, today announced that its Board of Directors has initiated a comprehensive review of strategic alternatives aimed at enhancing long-term shareholder value.
The Company is evaluating a range of strategic initiatives designed to strengthen its operating platform, including potential transformational transactions, tuck-in acquisitions, additional partnerships, and divestitures of non-core and underperforming assets. La Rosa has identified a pipeline of potential opportunities at various stages of evaluation and believes that the disciplined execution of select initiatives could improve profitability and accelerate long-term value creation.
As part of this process, the Company has terminated its previously announced non-binding letter of intent with Consensus Core Technologies Inc. following a comprehensive review by the Company’s Board of Directors, which concluded that proceeding with the proposed transaction was no longer in the best interests of the Company or its shareholders.
Additionally, on August 4, 2026, Nasdaq notified the Company that it has regained compliance with the periodic filing requirement for The Nasdaq Stock Market under Listing Rule 5250(c)(1) (the “Rule”) following the filing of its Quarterly Report on Form 10-Q for the quarter ended March 31, 2026, and the matter has been formally closed.
Joe La Rosa, CEO of the Company, commented, “The strategic review reflects our Board's commitment to carefully evaluating opportunities that can strengthen La Rosa's business and position the Company for future growth. With our Nasdaq compliance with the Rule regained we are focused on regaining compliance with Nasdaq’s minimum stockholders equity requirement, refining our strategic direction, strengthening our operating platform, and pursuing opportunities that we believe can enhance our competitive position and create lasting value for our shareholders.”
The Company will provide additional updates as material developments occur. There can be no assurance that the strategic review process will result in any specific transaction or outcome. The Company has not set a timetable for the conclusion of this review, has not authorized any third party to act on its behalf in connection with any potential transaction, and, and the Company does not intend to comment further unless and until disclosure is determined to be appropriate or required under applicable securities laws.
About La Rosa Holdings Corp.
La Rosa Holdings Corp. (Nasdaq: LRHC) intends to transform the real estate industry by providing agents with flexible compensation options, including a revenue-sharing model or a fee-based structure with 100% commission. Powered by its proprietary technology platform, La Rosa aims to equip agents and franchisees with tools designed to deliver exceptional service.
The Company offers both residential and commercial real estate brokerage services, as well as technology-driven products and support for its agents and franchise partners. Its business model includes internal services for agents and external offerings for the public, spanning real estate brokerage, franchising, education and coaching, and property management.
La Rosa operates 23 corporate-owned brokerage offices across Florida, California, Texas, Georgia, and Puerto Rico. La Rosa also started its expansion into Europe, beginning with Spain. Additionally, the Company has five franchised offices and branches and three affiliated brokerage locations in the U.S. and Puerto Rico. The Company also operates a full-service escrow settlement and title company in Florida.
For more information, please visit: https://www.larosaholdings.com.
Stay connected with La Rosa, sign up for news alerts here: larosaholdings.com/email-alerts.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 regarding the Company’s current expectations that are subject to various risks and uncertainties. Such statements include, but not limited to, statements regarding the Company’s ability to grow its business, the strategic review process and potential outcomes thereof, our ability to regain compliance with Nasdaq, and other statements that are not historical facts, including statements which may be accompanied by the words “intends,” “may,” “will,” “plans,” “expects,” “anticipates,” “projects,” “predicts,” “estimates,” “aims,” “believes,” “hopes,” “potential,” “strategic alternatives” or similar words. These statements are not guarantees of future performance and are subject to certain risks, uncertainties and assumptions that are difficult to predict. Actual results could differ materially from those described in these forward-looking statements due to certain factors, including without limitation, the Company's ability to identify and consummate strategic transactions on favorable terms or at all, to satisfy closing conditions of financing facilities and the timing and use of proceeds thereof, to achieve profitable operations, customer acceptance of new services, the demand for the Company’s services and the Company’s customers' economic condition, the impact of competitive services and pricing, general economic conditions, the successful integration of the Company’s past and future acquired brokerages, the effect of the National Association of Realtors' landmark settlement on our business operations, and other risk factors detailed in the Company's filings with the United States Securities and Exchange Commission (the "SEC”). You are urged to carefully review and consider any cautionary statements and other disclosures, including the statements made under the heading “Risk Factors” in the Company’s Annual Report on Form 10-K for the fiscal year ended March 31, 2026, and other reports and documents that we file from time to time with the SEC. Forward-looking statements contained in this press release are made only as of the date of this press release, and La Rosa does not undertake any obligation to update any forward-looking statements in this release, except as may be required by applicable law. References and links to websites have been provided as a convenience, and the information contained on such websites has not been incorporated by reference into this press release.
NEW YORK, Aug. 05, 2026 (GLOBE NEWSWIRE) -- Nasdaq (Nasdaq: NDAQ) today reported monthly volumes for July 2026 on its Investor Relations website. A data sheet showing this information can be found at: https://ir.nasdaq.com/financials/volume-statistics.
About Nasdaq
Nasdaq (Nasdaq: NDAQ) is a leading technology platform that powers the world’s economies. We architect the infrastructure of the world’s most modern markets, power the innovation economy, and build trust in the financial system. We empower economic opportunity by designing and deploying advanced technology, data, and intelligence solutions that enable our clients to capture opportunities, navigate risk, and strengthen resilience. To learn more about the company, technology solutions and career opportunities, visit us on LinkedIn, on X @Nasdaq, or at www.nasdaq.com.
Media Relations Contact:
David Lurie
+1.914.538.0533 [email protected]
Investor Relations Contact:
Ato Garrett
+1.212.401.8737 [email protected]
On August 05, 2026, we conducted a DCF analysis for Nasdaq Inc (NDAQ) amidst a backdrop of mixed price performance, with the stock currently trading at $93.62.
NEW YORK, Aug. 03, 2026 (GLOBE NEWSWIRE) -- The Nasdaq Stock Market (Nasdaq: NDAQ) announced today that it has notified Magnitude International Ltd. (Nasdaq: MAGH) that its securities will be delisted from the Nasdaq Stock Market LLC on August 12, 2026, unless the company appeals to a Listing Qualifications Hearings Panel. The securities will remain halted, and unavailable to trade, until any appeal is resolved. Following removal from Nasdaq the securities may be eligible for trading in the over-the-counter market.
Following a temporary trading suspension in the Company’s securities by the U.S. Securities and Exchange Commission (https://www.sec.gov/files/litigation/suspensions/2025/34-104317-ts.pdf) Nasdaq halted trading in the Company’s ordinary shares on December 19, 2025. Nasdaq has now determined that it is appropriate to use its authority under IM-5101-4 to delist the Company’s securities from Nasdaq.
For news and additional information about the company, please review the companies’ public filings or contact the company directly.
For more information about The Nasdaq Stock Market, visit the Nasdaq Web site at http://www.nasdaq.com. Nasdaq’s rules governing the delisting of securities can be found in the Nasdaq Rule 5800 Series, available on the Nasdaq Web site: https://listingcenter.nasdaq.com/rulebook/nasdaq/rules/nasdaq-5800-series.
NEW YORK, Aug. 03, 2026 (GLOBE NEWSWIRE) -- The Nasdaq Stock Market (Nasdaq: NDAQ) announced today that it has notified NusaTrip Incorporated (Nasdaq: NUTR) that its securities will be delisted from the Nasdaq Stock Market LLC on August 12, 2026, unless the company appeals to a Listing Qualifications Hearings Panel. The securities will remain halted, and unavailable to trade, until any appeal is resolved. Following removal from Nasdaq the securities may be eligible for trading in the over-the-counter market.
Following a temporary trading suspension in the Company’s securities by the U.S. Securities and Exchange Commission (https://www.sec.gov/files/litigation/suspensions/2025/34-104167.pdf) Nasdaq halted trading in the Company’s ordinary shares on October 23, 2025. Nasdaq has now determined that it is appropriate to use its authority under IM-5101-4 to delist the Company’s securities from Nasdaq.
For news and additional information about the company, please review the companies’ public filings or contact the company directly.
For more information about The Nasdaq Stock Market, visit the Nasdaq Web site at http://www.nasdaq.com. Nasdaq’s rules governing the delisting of securities can be found in the Nasdaq Rule 5800 Series, available on the Nasdaq Web site: https://listingcenter.nasdaq.com/rulebook/nasdaq/rules/nasdaq-5800-series.
The Nasdaq is leading a broad-based rally at midday Monday, and the AI infrastructure trade is doing the heavy lifting. With the S&P 500 up 1.27%, the Nasdaq up 1.85%, and the Dow up 1.07%, tech growth names are outperforming decisively. The Invesco QQQ Trust is up 1.52% intraday, but three AI infrastructure stocks are running well ahead of the pack. Each ties directly to the hyperscaler capex cycle: two are GPU cloud operators feeding frontier model training, one supplies the indium phosphide substrates that make high-speed optical interconnects possible. Here is how the trio ranks by today’s intraday move, with the fundamental case behind each surge.
1. CoreWeave (CRWV) CoreWeave (NASDAQ:CRWV) is the biggest mover of the three, rising 17.35% intraday to $84.22. The AI cloud provider had been under pressure recently, falling 16.24% over the past month and 37.12% over the trailing year, which sets up a sharp mean-reversion snapback on any risk-on session.
The fundamentals justify why beta-chasers pile in first. Q1 2026 revenue reached $2.08 billion, up 111.7% year over year, beating the $1.96 billion consensus. The revenue backlog stands at $99.4 billion, including a $21 billion Meta commitment. CEO Michael Intrator said the company “surpassed 1 GW of active power and believe we are well on our way to more than 8 GW by 2030.”
The risks remain material. Q1 posted a $740 million net loss, capex hit $7.70 billion, and total liabilities sit at $50.8 billion. With EV/revenue of 11.57 and an analyst target price of $138.03 against 20 Buy and 4 Strong Buy ratings, the Street still sees upside if execution holds.
2. AXT Inc. (AXTI) AXT Inc. (NASDAQ:AXTI) is up 14.02% intraday to $68.90, extending a remarkable run. Shares are up 269.6% year to date and 2,805.29% over the trailing year. The move traces directly to indium phosphide substrates, which sit at the heart of the optical interconnects wiring AI accelerators together inside hyperscale data centers.
Q2 2026 numbers, filed just last Thursday, validate the thesis. Revenue reached $47.59 million, up 164.8% year over year, beating consensus by 39.6%. Non-GAAP EPS came in at $0.19 versus a $0.07 estimate. Gross margin expanded to 44.9% from 8.0% a year earlier, and cash swelled to $412.2 million. CEO Morris Young called it “one of the most consequential chapters in our company’s history.”
Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and Nebius Group didn't make the cut. Grab the names FREE today.
Valuation is the sticking point. Forward P/E of 196 and price-to-sales of 31.5 price in flawless execution, while beta of 1.867 guarantees violent moves in either direction. China-US export permit uncertainty for InP substrates is the primary tail risk.
3. Nebius Group (NBIS) Nebius Group (NASDAQ:NBIS | NBIS Price Prediction) rounds out the trio, gaining 13.86% intraday to $216.81. The Amsterdam-based AI cloud operator has been the most consistent performer of the group, up 127.48% year to date and 249.83% over the past year.
The story is scale and contracted demand. Q1 2026 Nebius AI Cloud segment revenue reached $389.7 million, up 841% year over year, with segment adjusted EBITDA of $174 million and a 45% margin. Remaining performance obligations stand at $33.6 billion, anchored by a $27 billion five-year Meta agreement and a $2 billion strategic NVIDIA equity investment. FY 2026 guidance calls for revenue of $3.0 billion to $3.4 billion, ARR of $7 billion to $9 billion, and roughly 40% adjusted EBITDA margin. Contracted power was raised to more than 4 GW by year-end 2026.
Sentiment is mixed. Reddit activity today skews cautious, with a bearish sentiment score of 32, tied to broader AI selloff chatter rather than company-specific news. Analysts remain constructive with an average target of $258.13, though forward P/E of 68 leaves little room for error.
Conclusion Today’s rally is a clean referendum on the AI infrastructure trade. All three names sit on the same value chain: CoreWeave and Nebius rent the GPUs, AXT supplies the compound semiconductor substrates that connect them. Common tailwinds include hyperscaler capex, NVIDIA partnerships, and multi-year customer commitments. Common risks: capital intensity, GPU supply dependence, and export controls. When the Nasdaq runs on risk-on flows, this basket runs harder, and today’s action confirms the pattern.
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The CNN Money Fear and Greed index showed an improvement in the overall market sentiment, while the index remained in the “Fear” zone on Friday.
U.S. stocks settled higher on Friday, with the Nasdaq Composite gaining 1% during the session following a sharp rise in Amazon.com Inc. (NASDAQ:AMZN) shares.
Amazon shares jumped over 15% on Friday after reporting better-than-expected results for the second quarter. However, Apple Inc. (NASDAQ:AAPL) stock fell over 7% following fiscal third-quarter results.
On the economic data front, U.S. employment costs increased by 0.9% in the second quarter, up from market estimates of a 0.8% rise. The University of Michigan’s consumer sentiment index rose to 55.2 in July versus a preliminary reading of 54.0.
Most sectors on the S&P 500 closed on a negative note, with materials, utilities and real estate stocks recording the biggest losses on Friday. However, communication services and consumer discretionary stocks were among the biggest gainers.
The Dow Jones closed higher by around 277 points to 52,485.03 on Friday. The S&P 500 climbed 0.70% to 7,489.72, while the Nasdaq Composite jumped 1% to 25,373.85 during Friday’s session.
The S&P 500 fell 0.1%, while the Nasdaq dipped 3.2% in July. However, the Dow gained 0.3% during the period, recording its fourth straight positive month.
What is CNN Business Fear & Greed Index?At a current reading of 42.5, the index remained in the “Fear” zone on Friday, versus a prior reading of 40.7.
The Fear & Greed Index is a measure of the current market sentiment. It is based on the premise that higher fear exerts pressure on stock prices, while higher greed has the opposite effect. The index is calculated based on seven equal-weighted indicators. The index ranges from 0 to 100, where 0 represents maximum fear and 100 signals maximum greediness.
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NEW YORK, July 31, 2026 (GLOBE NEWSWIRE) -- The Nasdaq Stock Market® (Nasdaq: NDAQ) announced that trading will resume in Inno Holdings Inc. (Nasdaq: INHD) at 12:00 p.m. Eastern Time on July 31, 2026.
NEW YORK, July 31, 2026 (GLOBE NEWSWIRE) -- The Nasdaq Stock Market® (Nasdaq: NDAQ) announced that trading will resume in Jiade Limited – Class A Ordinary Shares (Nasdaq: JDZG) at 12:00 p.m. Eastern Time on July 31, 2026.
New York, NY, July 31, 2026 (GLOBE NEWSWIRE) -- Alpha Compute Corp. (“Alpha Compute” or the “Company”), a pioneering technology leader in AI GPU-as-a-service (GPUaaS) and AI Confidential Compute, today announced an update of the total shares outstanding for the company, which is currently being understated in market data feeds. The Company’s outstanding share count is currently 72,845,260.
Nasdaq.com ALP
https://www.nasdaq.com/market-activity/stocks/alp
Total Shares Outstanding = 72,845,260
FOR MORE INFORMATION ON ALPHA COMPUTE
PLEASE GO TO OUR INVESTOR WEBSITE
alphacompute.ai/investors
About Alpha Compute Corp.
Alpha Compute Corp. (Nasdaq: ALP) is an AI infrastructure company specializing in GPU-as-a-service and AI Confidential Compute. Alpha Compute’s mission is to support clients, subsidiaries, and partners across critical sectors including: finance, defense, intelligence, and media with the essential framework for any organization requiring secure, confidential computing environments. For more information, please visit: https://www.alphacompute.ai/
The company is domiciled in the British Virgin Islands with offices in New York, Los Angeles, Miami, Amsterdam and Toronto. Alpha Compute is a founding partner of the Right2Compute Coalition; more information is available at www.right2compute.com
Investor & Media Contact
Alpha Compute Corp. [email protected]
https://www.alphacompute.ai
CHEVY CHASE, Md.--(BUSINESS WIRE)--Forbright, Inc. (Nasdaq FRBT): Fellow Shareholders, Forbright, Inc. (Nasdaq FRBT) ("Forbright," the "Company," "we," "our," or "us") wants to begin by welcoming our new shareholders. Because this is our first letter, we will spend more time discussing our strategy, the market opportunity, and our plan to create long-term shareholder value. We think it is important to set the table clearly: how the market is evolving, why we are positioned to capitalize on thos.
Company Reports 8,095,835 Shares of Common Stock Issued and Outstanding as of July 29, 2026, and Moves to Correct Third-Party Market Data That Understates Its Current Share Count and Market Capitalization July 29, 2026 15:54 ET | Source: PMGC Holdings Inc.
NEWPORT BEACH, Calif., July 29, 2026 (GLOBE NEWSWIRE) -- PMGC Holdings Inc. (Nasdaq: ELAB) (“PMGC” or the “Company”), a diversified public holding company, today confirmed that it is in compliance with Nasdaq’s newly approved Market Value of Listed Securities (“MVLS”) continued-listing requirement and announced that it is working with third-party market-data providers to correct inaccurate share count and market capitalization data currently displayed for the Company.
The Company is aware that certain third-party market-data websites are displaying an incorrect number of PMGC’s issued and outstanding shares.
As of July 29, 2026, PMGC has 8,095,835 shares of common stock issued and outstanding. The Company plans to work with the applicable market-data providers to update their records to accurately reflect PMGC’s current issued and outstanding share count and capital structure.
The Securities and Exchange Commission recently approved Nasdaq's new rule requiring companies listed on the Nasdaq Capital Market, Nasdaq Global Market and Nasdaq Global Select Market to maintain a minimum MVLS. Under the new rule, which took effect immediately upon approval, a company whose MVLS remains below the minimum for 30 consecutive business days may become subject to trading suspension and delisting proceedings without a cure period. Based on PMGC’s issued and outstanding common shares and the applicable market price as of July 29, 2026, the Company’s MVLS exceeds the new requirement.
PMGC intends to continue monitoring its MVLS and working to maintain compliance with the new requirement and all other applicable Nasdaq continued-listing standards. Because the Company’s MVLS is affected by changes in its common-stock trading price, there can be no assurance that PMGC will continue to satisfy the requirement in the future.
Most Recently Reported Financial Position
As reported in the Company’s Quarterly Report on Form 10-Q for the three months ended March 31, 2026, PMGC had total assets of approximately $26.0 million, up approximately 102% from approximately $12.87 million at December 31, 2025 and up approximately 193% year over year; shareholders’ equity of approximately $12.6 million; and cash and cash equivalents of approximately $14.4 million. Revenue for the quarter was approximately $682,000, exceeding the Company’s full-year 2025 revenue. These figures do not reflect the acquisition of A&B Aerospace, Inc., which closed on May 12, 2026. The Company expects to report its results for the quarter ended June 30, 2026 in August 2026.
About PMGC Holdings Inc.
PMGC Holdings Inc. is a diversified holding company that manages and grows its portfolio through strategic acquisitions, investments, and development across various industries. We are committed to exploring opportunities in multiple sectors to maximize growth and value. For more information, please visit https://www.pmgcholdings.com.
Forward-Looking Statements
Statements contained in this press release regarding matters that are not historical facts are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. Words such as “believes,” “expects,” “plans,” “potential,” “would” and “future” or similar expressions such as “look forward” are intended to identify forward-looking statements. Forward-looking statements are made as of the date of this press release and are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy, activities of regulators and future regulations and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results. Therefore, you should not rely on any of these forward-looking statements. These and other risks are described more fully in PMGC’s filings with the United States Securities and Exchange Commission (“SEC”), including the “Risk Factors” section of the Company’s Annual Report on Form 10-K for the year ended December 31, 2025, filed with the SEC on March 30, 2026, and its other documents subsequently filed with or furnished to the SEC. Investors and security holders are urged to read these documents free of charge on the SEC’s web site at www.sec.gov. All forward-looking statements contained in this press release speak only as of the date on which they were made. Except to the extent required by law, the Company undertakes no obligation to update such statements to reflect events that occur or circumstances that exist after the date on which they were made.
July 27, 2026 20:30 ET | Source: Catalyst Acquisition Corp.
SANTA MONICA, July 27, 2026 (GLOBE NEWSWIRE) -- Catalyst Acquisition Corp. (“Catalyst” or the “Company”) announced today that it priced its initial public offering of 20,000,000 units at $10.00 per unit. The units will be listed on The Nasdaq Stock Market LLC (“Nasdaq”) and trade under the ticker symbol “CATLU” beginning July 28, 2026. Each unit consists of one Class A ordinary share and one right entitling the holder thereof to receive one-seventh of one Class A ordinary share upon the consummation of an initial business combination. The Class A ordinary shares and rights comprising the units are expected to begin separate trading no later than the 52nd day following this date. Once the securities comprising the units begin separate trading, the Class A ordinary shares and rights are expected to be listed on the Nasdaq under the symbols “CATL” and “CATLR,” respectively.
Santander is acting as sole book-running manager. The Company has granted the underwriter a 45-day option to purchase up to an additional 3,000,000 units at the initial public offering price to cover over-allotments, if any.
The offering was made by means of a prospectus. Copies of the prospectus may be obtained from Santander US Capital Markets LLC, 437 Madison Avenue, New York, NY 10022, Attention: ECM Syndicate, by email at [email protected], or by telephone at 833-818-1602.
A registration statement relating to the securities became effective on July 27, 2026. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. The offering is expected to close on July 29, 2026, subject to customary closing conditions.
About Catalyst Acquisition Corp.
The Company is a blank check company incorporated as a Cayman Islands exempted company and formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. While the Company may pursue a business combination in any business or industry, it intends to focus on opportunities in traditional and digital media sectors including, but not limited to, video game companies, mobile gaming, publishers, studios and media platforms. The Company is led by its co-Chief Executive Officers Steven P. Beeks and Nicolas A. van Dyk, and its Chief Financial Officer Craig A. Elson. Melvin D. Lindsey, Richard W. Cook and Christopher Heatherly will be serving as board members.
Forward-Looking Statements
This press release contains statements that constitute “forward-looking statements,” including with respect to the proposed initial public offering and the anticipated use of the net proceeds. No assurance can be given that the offering discussed above will be completed on the terms described, or at all, or that the net proceeds of the offering will be used as indicated. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company’s preliminary prospectus for the Company’s offering filed with the U.S. Securities and Exchange Commission (the “SEC”). Copies of these documents are available on the SEC’s website, www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.
NEW YORK, July 24, 2026 (GLOBE NEWSWIRE) -- At the end of the settlement date of July 15, 2026, short interest in 3,836 Nasdaq Global MarketSM securities totaled 18,406,468,581 shares compared with 18,453,725,441 shares in 3,804 Global Market issues reported for the prior settlement date of June 30, 2026. The mid-July short interest represents 3.07 days compared with 2.45 days for the prior reporting period.
Short interest in 1,654 securities on The Nasdaq Capital MarketSM totaled 4,495,814,044 shares at the end of the settlement date of July 15, 2026, compared with 4,227,522,108 shares in 1,657 securities for the previous reporting period. This represents a 1.65 day average daily volume; the previous reporting period’s figure was 1.
In summary, short interest in all 5,490 Nasdaq® securities totaled 22,902,282,625 shares at the July 15, 2026 settlement date, compared with 5,461 issues and 22,681,247,549 shares at the end of the previous reporting period. This is 2.63 days average daily volume, compared with an average of 1.64 days for the prior reporting period.
The open short interest positions reported for each Nasdaq security reflect the total number of shares sold short by all broker/dealers regardless of their exchange affiliations. A short sale is generally understood to mean the sale of a security that the seller does not own or any sale that is consummated by the delivery of a security borrowed by or for the account of the seller.
For more information on Nasdaq Short interest positions, including publication dates, visit
https://www.nasdaq.com/market-activity/quotes/short-interest
or http://www.nasdaqtrader.com/asp/short_interest.asp.
About Nasdaq:
Nasdaq (Nasdaq: NDAQ) is a leading global technology company serving corporate clients, investment managers, banks, brokers, and exchange operators as they navigate and interact with the global capital markets and the broader financial system. We aspire to deliver world-leading platforms that improve the liquidity, transparency, and integrity of the global economy. Our diverse offering of data, analytics, software, exchange capabilities, and client-centric services enables clients to optimize and execute their business vision with confidence. To learn more about the company, technology solutions, and career opportunities, visit us on LinkedIn, on X @Nasdaq, or at www.nasdaq.com.
BALA CYNWYD, Pa., July 24, 2026 (GLOBE NEWSWIRE) -- Brodsky & Smith reminds investors of the following investigations. If you own shares and wish to discuss the investigation, contact Jason Brodsky ([email protected]) or Marc Ackerman ([email protected]) at 855-576-4847. There is no cost or financial obligation to you.
NEW YORK, July 23, 2026 (GLOBE NEWSWIRE) -- Nasdaq, Inc. (Nasdaq: NDAQ) today reported financial results for the second quarter of 2026.
Second quarter 2026 net revenue1 was $1.5 billion, an increase of 15% on both a reported and adjusted2 basis over the second quarter of 2025. Solutions revenue3 grew 17% on both a reported and adjusted basis.
Annualized Recurring Revenue (ARR)3,4 of $3.3 billion increased 11% on a reported basis over the second quarter of 2025, or 12% on an organic basis2. Annualized SaaS revenue increased 12%, or 15% on an organic basis, and represented 38% of ARR.Financial Technology revenue was $539 million, an increase of 16% over the second quarter of 2025, or 15% on an organic basis.Index revenue of $271 million grew 38% or 35% on an adjusted basis over the second quarter of 2025, with $109 billion of net inflows over the trailing twelve months, including $51 billion in the second quarter of 2026.GAAP diluted earnings per share in the second quarter of 2026 was $0.89, an increase of 14% over the second quarter of 2025. Non-GAAP5 diluted earnings per share in the second quarter of 2026 was $1.07, an increase of 25% on both a reported and adjusted basis over the second quarter of 2025.In the second quarter of 2026, the company returned $174 million to shareholders through dividends and $356 million through repurchases of common stock. The company also net repaid $162 million of debt in the quarter. Second Quarter 2026 Highlights
(US$ millions, except per share)2Q26YoY change %Organic2
YoY change %Adjusted2
YoY change %Solutions revenue$1,16017%17%17%Market Services net revenue$34011%11%11%Net revenue$1,50015%16%15%GAAP operating income$71225% Non-GAAP operating income$85919%20%19%ARR$3,25811%12%12%GAAP diluted EPS$0.8914% Non-GAAP diluted EPS$1.0725%26%25%
Adena Friedman, Chair and CEO said, “Nasdaq delivered an outstanding second quarter, defined by new records and milestones. We delivered double-digit growth across all three divisions, surpassed $1 trillion in Index ETP AUM, and listed SpaceX, the largest IPO in exchange history.
As the forces reshaping global finance accelerate, from AI and market modernization to the increasingly complex regulatory and risk environment, Nasdaq's role as our clients' trusted transformation partner positions us for sustained leadership. We are confident in our ability to capture the opportunity ahead and deliver durable, long-term value for our clients and shareholders.”
Sarah Youngwood, Executive Vice President and CFO said, “Nasdaq's second quarter results mark another quarter of excellent Solutions revenue growth, expanding operating margins, strong EPS growth, and robust cash flow generation.
Nasdaq’s durable business model and consistent execution support our disciplined capital allocation strategy that returns meaningful capital to shareholders through both dividends and share repurchases while investing in innovations that will sustain our long-term growth trajectory.”
FINANCIAL REVIEW
Second quarter 2026 net revenue was $1.5 billion, reflecting 15% growth on both a reported and adjusted basis versus the prior year period.Solutions revenue was $1.2 billion in the second quarter of 2026, up 17% on both a reported and adjusted basis versus the prior year period, reflecting strong growth across Capital Access Platforms and Financial Technology. Capital Access Platforms revenue growth was 19% year-over-year on a reported basis, or 18% on an adjusted basis. Financial Technology revenue growth was 16% year-over-year, or 15% on an organic basis.ARR was $3.3 billion as of the second quarter of 2026, growing 11% year-over-year on a reported basis, or 12% year-over-year on an organic basis. Financial Technology ARR growth was 16% on both a reported and organic basis, and Capital Access Platforms ARR growth was 8% on both a reported and organic basis. Market Services net revenue was $340 million in the second quarter of 2026, up 11% on both a reported and organic basis versus the prior year period.Second quarter 2026 GAAP operating expenses were $788 million, an increase of 7% versus the prior year quarter and non-GAAP operating expenses were $641 million, up 10% on both a reported and organic basis versus the prior year quarter. The increases were primarily driven by higher compensation and benefits costs from our strong revenue execution, increased marketing and advertising costs due to a strengthening IPO environment, and increased investments in technology to drive long-term growth. On a GAAP basis, the increase was partially offset by lower merger and strategic initiatives expense.Cash flow from operations was $711 million in the second quarter, enabling the return of capital through Nasdaq’s efficient capital allocation framework. In the second quarter of 2026, the company returned $174 million to shareholders through dividends and $356 million through repurchases of common stock. As of June 30, 2026, there was $2.5 billion remaining under the board authorized share repurchase program. 2026 EXPENSE AND TAX GUIDANCE UPDATE6
The company is updating its 2026 non-GAAP operating expense guidance to a range of $2.530 billion to $2.570 billion. The company is maintaining its 2026 non-GAAP tax rate guidance in the range of 22.5% to 24.5%. STRATEGIC AND BUSINESS UPDATES
Financial Technology delivered double-digit revenue growth in each subdivision for the second consecutive quarter as the One Nasdaq strategy continues to unlock broad-based growth. In the second quarter, FinTech revenue increased 16% compared to the prior year period, or 15% on an organic basis, with 16% organic ARR growth. FinTech signed 58 new clients, 7 cross-sells, and 107 upsells in the quarter, with cross-sells remaining over 15% of the sales pipeline. Financial Crime Management Technology maintained strong momentum across both SMBs and enterprise clients while advancing AI-driven innovation in financial crime detection. During the quarter, Nasdaq Verafin signed 47 new small-and-medium bank (SMB) clients and 6 enterprise deals, including 2 cross-sells. Including signings early in the third quarter, Verafin has completed 11 enterprise signings year-to-date, surpassing the total signed in all of 2025. Nasdaq Verafin’s Agentic Workforce continued to gain traction, with 750 clients now leveraging the platform. The business introduced the next two agentic workers, the Agentic AML Analyst and the Agentic Fraud Analyst, while continuing to expand its innovation pipeline. Nasdaq Verafin enhanced the value of its gold-standard consortium data, surpassing $13 trillion in combined assets across more than 2,800 financial institutions.Regulatory Technology delivered strong performance across Surveillance and AxiomSL, driven by accelerating demand for Always-On infrastructure and regulatory modernization. The subdivision signed 9 new clients, including 2 cross-sells, and 63 upsells in the second quarter. Surveillance added 9 new clients, including 2 cross-sells, and 39 upsells with wins across geographies and client segments, including a new regulator win in Africa, and an upsell with a global broker-dealer. Early in the third quarter, Surveillance signed a notable first win for its AI-powered Calibration Copilot with a Tier 1 client. AxiomSL signed 24 upsells in the quarter with several client expansions that demonstrate the breadth of demand for AxiomSL's regulatory solutions, including with a domestic systemically important Australian bank and with a U.S. bank navigating heightened regulatory requirements following an acquisition.Capital Markets Technology delivered quarterly organic revenue growth of 14% and strong 17% organic ARR growth, reflecting the growing scale and reach of its global platform. The subdivision signed 7 new clients, including 3 cross-sells, and 42 upsells in the second quarter. Trade Management Services benefitted from strong demand for data center services and pricing. Calypso signed 3 new clients, including 1 cross-sell, and 31 upsells and is now available in more than 70 countries. Calypso expanded its global presence by signing a deal with the Georgian Financial Markets Treasury Association (GFTMA) to modernize the country’s treasury and financial markets infrastructure. The GFTMA deal includes a group of 5 of the country’s largest banks, which will adopt Calypso under a shared common infrastructure model. Market Technology continued to drive market modernization with the next-generation Eqlipse platform, signing 2 new digital marketplaces and 2 new clients on the Intelligence Platform. Index ETP assets under management (AUM) exceeded $1 trillion for the first time and achieved new net inflows records. Net inflows reached new all-time highs with $51 billion in the second quarter and $109 billion over the last twelve months. ETP AUM surpassed $1 trillion for the first time, with end-of-period ETP AUM of $1.114 trillion and average ETP AUM of $1.014 trillion. Nasdaq launched 34 new Index products in the second quarter, including 17 international products and 11 products in the institutional annuity space. Nasdaq expanded investor access to the Nasdaq-100 with the recent launch of BlackRock’s IQQ and State Street’s QNDX ETFs in the U.S.Listings set a quarterly record for total proceeds raised, headlined by the listing of SpaceX, the largest IPO in exchange history with an $86 billion raise. Nasdaq welcomed 7 of the top 10 largest operating company IPOs listed in the quarter, including Cerebras, the largest semiconductor IPO of all time, Quantinuum, the largest pure-play quantum IPO of all time, and Parabilis Medicines, the largest biotechnology IPO of all time. Nasdaq achieved a 74% win rate7 of new operating company listings. The momentum carried into the third quarter with the listing of SK hynix, the largest American Depositary Receipt (ADR) listing in U.S. capital markets history, underscoring the continued strength of the franchise.Market Services delivered records across quarterly net revenues and U.S. equity options volumes, supported by record industry volumes. In the second quarter, the business successfully facilitated the execution and trading of the SpaceX IPO. Nasdaq’s Closing Cross achieved new records across two landmark market events: during the Russell reconstitution, it executed 4.6 billion shares in 1.6 seconds representing a record $334 billion in notional value, and during the June Triple Witch, it executed a record $296 billion in notional value. Product innovation continued to drive incremental growth, with Index options revenue more than doubling year-over-year for the fourth consecutive quarter. Nasdaq received SEC approval to list event options tied to the Nasdaq-100 with an expected launch in the fourth quarter.Nasdaq advanced Always-On markets as Calypso supported proof of concept tokenized collateral trades on the Canton Network. Calypso, a leading platform managing the entire trade lifecycle, is powering the transition to hybrid tokenized and fiat infrastructure. Early in the third quarter, two of the world’s leading asset managers successfully completed tokenized collateral trades on the Canton Network, transmitting tokenized money market funds through Calypso. This milestone marks a significant step in the shift towards integrating tokenized and fiat infrastructure and reflects Nasdaq’s unique position as the trusted technology for next-generation markets.Nasdaq continued to optimize its portfolio early in the third quarter, entering into agreements to sell Nasdaq Fund Secondaries to Nasdaq Private Market and to acquire Dasseti. After the close of the Nasdaq Fund Secondaries transaction, Nasdaq will continue to hold an ownership stake in and remain a strategic partner of Nasdaq Private Market. Dasseti provides an AI-powered due diligence platform for institutional asset managers and allocators across public and private markets and will be integrated into eVestment’s leading institutional intelligence platform. Both transactions remain subject to customary closing conditions. ____________
1 Represents revenue less transaction-based expenses.
2 Organic change is calculated by removing the impacts of changes in foreign exchange rates, and acquisitions and divestitures during one-year period post transaction. Adjusted period over period change reflects the organic change, excluding the impact of a one-time revenue benefit in the second quarter of 2026 in our Index business due to a contract modification.
3 Solutions revenue and Annualized Recurring Revenue (ARR) constitutes revenue and ARR from our Capital Access Platforms and Financial Technology segments as well as revenue and ARR from our Solovis business which was sold in October 2025. Solovis revenues and ARR were previously included in our Capital Access Platforms segment, and have been reclassified into “Other” for all prior periods presented.
4 ARR for a given period is the current annualized value derived from subscription contracts with a defined contract value. This excludes contracts that are not recurring, are one-time in nature or where the contract value fluctuates based on defined metrics. For AxiomSL and Calypso recurring revenue contracts, the amount included in ARR is consistent with the amount that we invoice the customer during the current period. Additionally, for AxiomSL and Calypso recurring revenue contracts that include annual values that increase over time, we include in ARR only the annualized value of components of the contract that are considered active as of the date of the ARR calculation. We do not include the future committed increases in the contract value as of the date of the ARR calculation. ACV Bookings for our Financial Technology segment excluding Financial Crime Management Technology refers to the maximum annualized committed contract value at the time of signature, excluding one-time fees and not accounting for initial discounts. For Financial Crime Management Technology, ACV bookings is calculated by averaging the total contract value over the contract term, including fixed increases. ARR and ACV are supplemental metrics to help evaluate the performance of the business. These measures are not a replacement for, and should be viewed independently of, U.S. GAAP revenue and deferred revenue as they are performance metrics, and are not intended to be combined with any of these items. ARR and ACV are not a forecast, and the active contracts at the end of a reporting period used in calculating these measures may or may not be extended or renewed by our customers. There is no U.S. GAAP measure comparable to ARR or ACV. As these metrics do not have any standardized definition they may not be comparable to similarly titled measures presented by other companies and should be viewed independently of revenue and deferred revenue and are not intended to be combined with or to replace either of those items.
5 Refer to our reconciliations of U.S. GAAP to non-GAAP metrics and organic and adjusted impacts, included in the attached schedules.
6 U.S. GAAP operating expense and tax rate guidance are not provided due to the inherent difficulty in quantifying certain amounts due to a variety of factors including the unpredictability in the movement in foreign currency rates, as well as future charges or reversals outside of the normal course of business.
7 Listings win rate includes eligible U.S. operating companies, direct listings, and SPAC business combinations.
ABOUT NASDAQ
Nasdaq (Nasdaq: NDAQ) is a leading technology platform that powers the world’s economies. We architect the infrastructure of the world’s most modern markets, power the innovation economy, and build trust in the financial system. We empower economic opportunity by designing and deploying advanced technology, data, and intelligence solutions that enable our clients to capture opportunities, navigate risk, and strengthen resilience. To learn more about the company, technology solutions and career opportunities, visit us on LinkedIn, on X @Nasdaq, or at www.nasdaq.com.
NON-GAAP INFORMATION
In addition to disclosing results determined in accordance with U.S. GAAP, Nasdaq also discloses certain non-GAAP results of operations, including, but not limited to, non-GAAP net income, non-GAAP diluted earnings per share, non-GAAP operating income, and non-GAAP operating expenses, that include certain adjustments or exclude certain charges and gains that are described in the reconciliation tables of U.S. GAAP to non-GAAP information provided at the end of this release. Management uses this non-GAAP information internally, along with U.S. GAAP information, in evaluating our performance and in making financial and operational decisions. We believe our presentation of these measures provides investors with greater transparency and supplemental data relating to our financial condition and results of operations. In addition, we believe the presentation of these measures is useful to investors for period-to-period comparisons of results as the items described below in the reconciliation tables do not reflect ongoing operating performance.
These measures are not in accordance with, or an alternative to, U.S. GAAP, and may be different from non-GAAP measures used by other companies. In addition, other companies, including companies in our industry, may calculate such measures differently, which reduces their usefulness as a comparative measure. Investors should not rely on any single financial measure when evaluating our business. This information should be considered as supplemental in nature and is not meant as a substitute for our operating results in accordance with U.S. GAAP. We recommend investors review the U.S. GAAP financial measures included in this earnings release. When viewed in conjunction with our U.S. GAAP results and the accompanying reconciliations, we believe these non-GAAP measures provide greater transparency and a more complete understanding of factors affecting our business than U.S. GAAP measures alone.
We understand that analysts and investors regularly rely on non-GAAP financial measures, such as those noted above, to assess operating performance. We use these measures because they highlight trends more clearly in our business that may not otherwise be apparent when relying solely on U.S. GAAP financial measures, since these measures eliminate from our results specific financial items that have less bearing on our ongoing operating performance.
Foreign exchange impact: In countries with currencies other than the U.S. dollar, revenue and expenses are translated using monthly average exchange rates. Certain discussions in this release isolate the impact of year-over-year foreign currency fluctuations to better measure the comparability of operating results between periods. Operating results excluding the impact of foreign currency fluctuations are calculated by translating the current period’s results by the prior period’s exchange rates.
Information set forth in this communication contains forward-looking statements that involve a number of risks and uncertainties. Nasdaq cautions readers that any forward-looking information is not a guarantee of future performance and that actual results could differ materially from those contained in the forward-looking information. Such forward-looking statements include, but are not limited to (i) projections relating to our future financial results, total shareholder returns, growth, dividend program, trading volumes, products and services, ability to transition to new business models, taxes and achievement of synergy targets, (ii) statements about the closing or implementation dates and benefits of certain acquisitions, divestitures and other strategic, restructuring, technology, de-leveraging and capital allocation initiatives, (iii) statements about our integrations of our recent acquisitions, (iv) statements relating to any litigation or regulatory or government investigation or action to which we are or could become a party, and (v) other statements that are not historical facts. Forward-looking statements involve a number of risks, uncertainties or other factors beyond Nasdaq’s control. These factors include, but are not limited to, Nasdaq’s ability to implement its strategic initiatives, economic, political and market conditions and fluctuations, geopolitical instability, government and industry regulation, interest rate risk, and U.S. and global competition. Further information on these and other factors are detailed in Nasdaq’s filings with the U.S. Securities and Exchange Commission, including its annual reports on Form 10-K and quarterly reports on Form 10-Q, which are available on Nasdaq’s investor relations website at http://ir.nasdaq.com and the SEC’s website at www.sec.gov. Nasdaq undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events or otherwise.
WEBSITE DISCLOSURE
Nasdaq intends to use its website, ir.nasdaq.com, as a means for disclosing material non-public information and for complying with SEC Regulation FD and other disclosure obligations.
Media Relations Contact:
David Lurie
+1.914.538.0533 [email protected]
Investor Relations Contact:
Ato Garrett
+1.212.401.8737 [email protected]
-NDAQF-
Nasdaq, Inc.Condensed Consolidated Statements of Income(in millions, except per share amounts)(unaudited) Three Months Ended Six Months Ended June 30, June 30, June 30, June 30, 2026 2025 2026 2025 Revenues: Capital Access Platforms$621 $520 $1,186 $1,028 Financial Technology 539 464 1,057 896 Market Services 1,372 1,101 2,419 2,240 Other Revenues — 16 8 32 Total revenues 2,532 2,101 4,670 4,196 Transaction-based expenses: Transaction rebates (712) (640) (1,436) (1,224)Brokerage, clearance and exchange fees (320) (155) (326) (429)Revenues less transaction-based expenses 1,500 1,306 2,908 2,543 Operating Expenses: Compensation and benefits 383 352 739 681 Professional and contract services 42 39 82 75 Technology and communication infrastructure 88 79 171 156 Occupancy 35 30 68 58 General, administrative and other 23 23 52 29 Marketing and advertising 24 14 44 28 Depreciation and amortization 165 158 331 313 Regulatory 9 14 19 29 Merger and strategic initiatives 5 20 9 44 Restructuring charges 14 9 24 15 Total operating expenses 788 738 1,539 1,428 Operating income 712 568 1,369 1,115 Interest income 8 12 13 24 Interest expense (86) (95) (172) (192)Net gain on divestitures — 39 89 39 Other income (losses) (2) 1 (15) — Net income from unconsolidated investees 21 23 47 50 Income before income taxes 653 548 1,331 1,036 Income tax provision 146 96 305 190 Net income$507 $452 $1,026 $846 Net loss attributable to noncontrolling interests — — — 1 Net income attributable to Nasdaq$507 $452 $1,026 $847 Per share information: Basic earnings per share$0.90 $0.79 $1.81 $1.47 Diluted earnings per share$0.89 $0.78 $1.80 $1.46 Cash dividends declared per common share$0.31 $0.27 $0.58 $0.51 Weighted-average common shares outstanding for earnings per share: Basic 564.2 574.1 565.5 574.6 Diluted 567.8 579.0 569.7 579.5 Nasdaq, Inc.Revenue Detail(in millions)(unaudited) Three Months Ended Six Months Ended June 30, June 30, June 30, June 30, 2026 2025 2026 2025 CAPITAL ACCESS PLATFORMS Data and Listing Services$217 $198 $431 $391 Index 271 196 491 388 Workflow and Insights 133 126 264 249 Total Capital Access Platforms revenues 621 520 1,186 1,028 FINANCIAL TECHNOLOGY Financial Crime Management Technology 98 81 191 157 Regulatory Technology 120 104 238 206 Capital Markets Technology 321 279 628 533 Total Financial Technology revenues 539 464 1,057 896 MARKET SERVICES Market Services 1,372 1,101 2,419 2,240 Transaction-based expenses: Transaction rebates (712) (640) (1,436) (1,224)Brokerage, clearance and exchange fees (320) (155) (326) (429)Total Market Services revenues, net 340 306 657 587 OTHER REVENUES — 16 8 32 REVENUES LESS TRANSACTION-BASED EXPENSES$1,500 $1,306 $2,908 $2,543 Nasdaq, Inc.Condensed Consolidated Balance Sheets(in millions) June 30, December 31, 2026 2025 Assets (unaudited) Current assets: Cash and cash equivalents $520 $604 Restricted cash and cash equivalents 26 210 Default funds and margin deposits 2,323 5,842 Financial investments 198 28 Receivables, net 1,182 943 Other current assets 284 376 Total current assets 4,533 8,003 Property and equipment, net 767 728 Goodwill 14,245 14,371 Intangible assets, net 6,223 6,511 Operating lease assets 481 447 Other non-current assets 1,092 993 Total assets $27,341 $31,053 Liabilities Current liabilities: Accounts payable and accrued expenses $252 $280 Section 31 fees payable to SEC 313 — Accrued personnel costs 243 364 Deferred revenue 931 785 Other current liabilities 174 259 Default funds and margin deposits 2,323 5,842 Short-term debt 269 431 Total current liabilities 4,505 7,961 Long-term debt 8,492 8,573 Deferred tax liabilities, net 1,616 1,584 Operating lease liabilities 482 462 Other non-current liabilities 253 241 Total liabilities 15,348 18,821 Commitments and contingencies Equity Nasdaq stockholders' equity: Common stock 6 6 Additional paid-in capital 4,353 5,122 Common stock in treasury, at cost (784) (716)Accumulated other comprehensive loss (1,874) (1,773)Retained earnings 10,287 9,588 Total Nasdaq stockholders' equity 11,988 12,227 Noncontrolling interests 5 5 Total equity 11,993 12,232 Total liabilities and equity $27,341 $31,053 Nasdaq, Inc.Reconciliation of U.S. GAAP to Non-GAAP Net Income and Diluted Earnings Per Share(in millions, except per share amounts)(unaudited) Three Months Ended Six Months Ended June 30, June 30, June 30, June 30, 2026 2025 2026 2025 U.S. GAAP net income $507 $452 $1,026 $847 Non-GAAP adjustments: Amortization expense of acquired intangible assets1 121 122 243 243 Merger and strategic initiatives expense2 5 20 9 44 Restructuring charges3 14 9 24 15 Gain from extinguishment of debt4 — — — (19)Legal and regulatory matters5 6 1 12 4 Net gain on divestitures6 — (39) (89) (39)Net income from unconsolidated investees7 (21) (23) (47) (50)Other losses8 6 1 20 1 Total non-GAAP adjustments 131 91 172 199 Non-GAAP adjustment to the income tax provision9 (33) (24) (44) (52)Other tax adjustments10 — (27) — (45)Total non-GAAP adjustments, net of tax 98 40 128 102 Non-GAAP net income $605 $492 $1,154 $949 U.S. GAAP diluted earnings per share $0.89 $0.78 $1.80 $1.46 Total adjustments from non-GAAP net income above 0.18 0.07 0.23 0.18 Non-GAAP diluted earnings per share $1.07 $0.85 $2.03 $1.64 Weighted-average diluted common shares outstanding for earnings per share: 567.8 579.0 569.7 579.5 Nasdaq, Inc.Reconciliation of U.S. GAAP to Non-GAAP Operating Income and Operating Margin(in millions)(unaudited) Three Months Ended Six Months Ended June 30, June 30, June 30, June 30, 2026 2025 2026 2025 U.S. GAAP operating income $712 $568 $1,369 $1,115 Non-GAAP adjustments: Amortization expense of acquired intangible assets1 121 122 243 243 Merger and strategic initiatives expense2 5 20 9 44 Restructuring charges3 14 9 24 15 Gain from extinguishment of debt4 — — — (19)Legal and regulatory matters5 6 1 12 4 Other losses 1 1 1 1 Total non-GAAP adjustments 147 153 289 288 Non-GAAP operating income $859 $721 $1,658 $1,403 Revenues less transaction-based expenses $1,500 $1,306 $2,908 $2,543 U.S. GAAP operating margin11 47% 44% 47% 44% Non-GAAP operating margin12 57% 55% 57% 55% Note: The percentages are calculated based on exact dollars, and therefore may not recalculate exactly using rounded numbers as presented in US$ millions. Nasdaq, Inc.Reconciliation of U.S. GAAP to Non-GAAP Operating Expenses(in millions)(unaudited) Three Months Ended Six Months Ended June 30, June 30, June 30, June 30, 2026 2025 2026 2025 U.S. GAAP operating expenses $788 $738 $1,539 $1,428 Non-GAAP adjustments: Amortization expense of acquired intangible assets1 (121) (122) (243) (243)Merger and strategic initiatives expense2 (5) (20) (9) (44)Restructuring charges3 (14) (9) (24) (15)Gain on extinguishment of debt4 — — — 19 Legal and regulatory matters5 (6) (1) (12) (4)Other losses (1) (1) (1) (1)Total non-GAAP adjustments (147) (153) (289) (288)Non-GAAP operating expenses $641 $585 $1,250 $1,140 Nasdaq, Inc.Footnotes to Press ReleaseFinancial Tables 1We amortize intangible assets acquired in connection with various acquisitions. Intangible asset amortization expense can vary from period to period due to episodic acquisitions completed, rather than from our ongoing business operations.2We have pursued various strategic initiatives and completed acquisitions and divestitures in recent years that have resulted in expenses which would not have otherwise been incurred. These expenses generally include integration costs, as well as legal, due diligence and other third-party transaction costs. The frequency and the amount of such expenses vary significantly based on the size, timing and complexity of the transaction. For the three and six months ended June 30, 2026, these costs included amounts associated with various strategic initiative costs. For the three and six months ended June 30, 2025, these costs primarily included amounts associated with the transfer of open positions in our Nordic power futures business, Adenza integration costs and other strategic initiative costs.3In the fourth quarter of 2023, following the closing of the Adenza acquisition, our management approved, committed to and initiated a restructuring program, “Adenza Restructuring” to optimize our efficiencies as a combined organization. We initiated the program upon the acquisition of Adenza and further expanded the program in the fourth quarter of 2024 following the achievement of our initial targets. We have incurred costs principally related to employee-related costs, contract terminations, asset impairments and other related costs and expect to incur additional costs in these areas in an effort to accelerate efficiencies through location strategy and enhanced AI capabilities. Actions taken as part of this program were completed as of December 31, 2025, and all costs have been incurred as of June 30, 2026.4For the six months ended June 30, 2025, we recorded a gain on the extinguishment of debt. This gain is recorded in general, administrative and other expense in our Condensed Consolidated Statements of Income.5For the three and six months ended June 30, 2026 and 2025, this includes accruals relating to certain legal matters, which are recorded in professional and contract services in our Condensed Consolidated Statements of Income.6For the six months ended June 30, 2026, this primarily includes the recognition of an incremental gain on the divestiture of our Nordic power futures business, net of costs to sell. For the three and six months ended June 30, 2025, this includes gains on divestitures of our Nordic power futures business and our Nasdaq Risk Modelling for Catastrophes business.7We exclude our share of the earnings and losses of our equity method investments. This provides a more meaningful analysis of Nasdaq’s ongoing operating performance or comparisons in Nasdaq’s performance between periods.8For the three and six months ended June 30, 2026 and 2025, other items primarily include net gains and losses from strategic investments entered into through our corporate venture program. For the three and six months ended June 30, 2026, this also includes intangible asset impairments of customer relationships and licenses relating to the wind-down of our Nordic power futures business. The net effect of these items is included in other income (losses) in our Condensed Consolidated Statements of Income.9For the three and six months ended June 30, 2026 and 2025, the non-GAAP adjustment to the income tax provision primarily includes the tax impact of each non-GAAP adjustment.10For the three and six months ended June 30, 2025, other tax adjustments reflect a tax benefit related to payments made to certain former Adenza employees. For the six months ended June 30, 2025, this also reflects the release of the prior years' reserves following a favorable audit settlement.11U.S. GAAP operating margin equals U.S. GAAP operating income divided by revenues less transaction-based expenses.12Non-GAAP operating margin equals non-GAAP operating income divided by revenues less transaction-based expenses.
Nasdaq, Inc.Reconciliation of Organic and Adjusted Impacts (in millions, except per share amounts)(unaudited) Three Months
Ended
June 30, Total Variance FX/Divestitures/
Acquisition
impact Organic Variance1 Adjustment Adjusted
Variance1 2026
2025
$% $% $% $ $%Capital Access Platforms Data and Listing Services$217$198 $19 10% $1 —% $189% $— $189%Index 271 196 75 38% — —% 7538% 6 6935%Workflow and Insights 133 126 7 5% 1 —% 65% — 65%Total Capital Access Platforms revenues 621 520 101 19% 2 —% 9919% 6 9318% Financial Technology Financial Crime Management Technology 98 81 17 22% — —% 1722% — 1722%Regulatory Technology 120 104 16 15% 2 —% 1413% — 1413%Capital Markets Technology 321 279 42 15% 2 —% 4014% — 4014%Total Financial Technology revenues 539 464 75 16% 4 —% 7115% — 7115% Market Services net revenues 340 306 34 11% 1 —% 3311% — 3311% Other revenues — 16 (16)(100)% (16)(100)% ——% — ——% Revenues less transaction-based expenses$1,500$1,306 $194 15% $(9)(1)% $20316% $6 $19715% Solutions revenue 2$1,160$991 $169 17% $(1)(1)% $17017% $6 $16417% Non-GAAP Operating Expenses$641$585 $56 10% $(4)(1)% $6010% $— $6010% Non-GAAP Operating Income$859$721 $138 19% $(5)(1)% $14320% $6 $13719% Non-GAAP diluted earnings per share$1.07$0.85 $0.22 25% $— —% $0.2226% $0.01 $0.2125% Note: The percentages are calculated based on exact dollars, and therefore may not recalculate exactly using rounded numbers as presented in US$ millions. The sum of the percentage changes may not tie to the percentage change in total variance due to rounding. 1 Adjusted and organic variance is calculated by removing the impacts of changes in foreign exchange rates, an acquisition, and divestitures. Adjusted variance also excludes a one-time revenue benefit in our Index business in the second quarter of 2026. 2 Total Solutions revenues includes Capital Access Platforms and Financial Technology revenues as well as $7 million of Other revenue in the second quarter of 2025, related to the sale of the Solovis business, which was sold in the fourth quarter of 2025. Nasdaq, Inc.Key Drivers Detail(unaudited) Three Months
Ended Six Months
Ended June 30, June 30, 2026 2025 2026 2025 Capital Access Platforms Annualized recurring revenues (in millions) 1$1,388 $1,286 $1,388 $1,286 Initial public offerings The Nasdaq Stock Market 68 79 131 142 Nasdaq operating company IPOs 26 38 41 83 SPACs 42 41 90 59 Exchanges that comprise Nasdaq Nordic and Nasdaq Baltic 11 6 13 10 Total new listings The Nasdaq Stock Market 188 194 364 364 Exchanges that comprise Nasdaq Nordic and Nasdaq Baltic 2 15 6 20 15 Number of listed companies The Nasdaq Stock Market 3 4,659 4,238 4,659 4,238 Exchanges that comprise Nasdaq Nordic and Nasdaq Baltic 4 1,109 1,148 1,109 1,148 Index Number of licensed exchange traded products 481 422 481 422 Period end ETP assets under management (AUM) tracking Nasdaq indexes (in billions)$1,114 $745 $1,114 $745 Total average ETP AUM tracking Nasdaq indexes (in billions)$1,014 $663 $946 $662 TTM 5 net inflows ETP AUM tracking Nasdaq indexes (in billions)$109 $88 $109 $88 TTM 5 net appreciation ETP AUM tracking Nasdaq indexes (in billions)$260 $88 $260 $88 Financial Technology Annualized recurring revenues (in millions) 1 Financial Crime Management Technology$359 $308 $359 $308 Regulatory Technology 428 376 428 376 Capital Markets Technology 1,083 932 1,083 932 Total Financial Technology$1,870 $1,616 $1,870 $1,616 Market Services Equity Derivative Trading and Clearing U.S. equity options Total industry average daily volume (in millions) 66.5 52.5 64.6 53.0 Nasdaq PHLX matched market share 11.2% 9.6% 11.8% 9.4% The Nasdaq Options Market matched market share 2.6% 4.3% 2.6% 4.7% Nasdaq Texas Options matched market share (formerly Nasdaq BX) 1.3% 1.7% 1.3% 1.7% Nasdaq ISE Options matched market share 6.6% 6.6% 6.4% 6.7% Nasdaq GEMX Options matched market share 3.4% 4.4% 3.4% 4.0% Nasdaq MRX Options matched market share 4.0% 2.8% 4.1% 2.8% Total matched market share executed on Nasdaq's exchanges 29.1% 29.4% 29.6% 29.3% Nasdaq Nordic and Nasdaq Baltic options and futures Total average daily volume of options and futures contracts 221,789 223,450 235,945 240,133 Cash Equity Trading Total U.S.-listed securities Total industry average daily share volume (in billions) 20.2 18.4 20.1 17.1 Matched share volume (in billions) 184.5 158.4 368.2 295.5 The Nasdaq Stock Market matched market share 14.3% 13.5% 14.5% 13.8%Nasdaq Texas matched market share (formerly Nasdaq BX) 0.3% 0.3% 0.3% 0.3%Nasdaq PSX matched market share 0.1% 0.1% 0.1% 0.1%Total matched market share executed on Nasdaq's exchanges 14.7% 13.9% 14.9% 14.2%Market share reported to the FINRA/Nasdaq Trade Reporting Facility 46.4% 47.7% 46.0% 47.9%Total market share 6 61.1% 61.6% 60.9% 62.1%Nasdaq Nordic and Nasdaq Baltic securities Average daily number of equity trades executed on Nasdaq's exchanges 747,410 804,121 773,062 796,426 Total average daily value of shares traded (in billions)$6.2 $5.7 $6.5 $5.5 Total market share executed on Nasdaq's exchanges 7 74.5% 71.9% 74.4% 71.2% 1Annualized Recurring Revenue (ARR) for a given period is the current annualized value derived from subscription contracts with a defined contract value. This excludes contracts that are not recurring, are one-time in nature, or where the contract value fluctuates based on defined metrics. ARR is currently one of our key performance metrics to assess the health and trajectory of our recurring business. ARR does not have any standardized definition and is therefore unlikely to be comparable to similarly titled measures presented by other companies. ARR should be viewed independently of revenue and deferred revenue and is not intended to be combined with or to replace either of those items. For AxiomSL and Calypso recurring revenue contracts, the amount included in ARR is consistent with the amount that we invoice the customer during the current period. Additionally, for AxiomSL and Calypso recurring revenue contracts that include annual values that increase over time, we include in ARR only the annualized value of components of the contract that are considered active as of the date of the ARR calculation. We do not include the future committed increases in the contract value as of the date of the ARR calculation. ARR is not a forecast and the active contracts at the end of a reporting period used in calculating ARR may or may not be extended or renewed by our customers.2New listings include IPOs and represent companies listed on the Nasdaq Nordic and Nasdaq Baltic exchanges and companies on the alternative markets of Nasdaq First North.3Number of total listings on The Nasdaq Stock Market for the three and six months ended June 30, 2026 and 2025 included 1,243 and 914 ETPs, respectively.4Represents companies listed on the Nasdaq Nordic and Nasdaq Baltic exchanges and companies on the alternative markets of Nasdaq First North.5Trailing twelve months.6Includes transactions executed on The Nasdaq Stock Market's, Nasdaq Texas's (formerly Nasdaq BX) and Nasdaq PSX's systems plus trades reported through the Financial Industry Regulatory Authority/Nasdaq Trade Reporting Facility.7European cash equities markets include cash equities exchanges of Sweden, Denmark, Finland, and Iceland. Minor adjustments to prior periods reflect data from a new consolidated data provider that accurately captures all primary trading venues and Multilateral Trading Facilities, or MTFs.
NEW YORK, July 23, 2026 (GLOBE NEWSWIRE) -- The Board of Directors of Nasdaq, Inc. (Nasdaq: NDAQ) has declared a regular quarterly dividend of $0.31 per share on the company's outstanding common stock. The dividend is payable on September 25, 2026 to shareholders of record at the close of business on September 11, 2026. Future declarations of quarterly dividends and the establishment of future record and payment dates are subject to approval by the Board of Directors.
About Nasdaq
Nasdaq (Nasdaq: NDAQ) is a leading technology platform that powers the world’s economies. We architect the infrastructure of the world’s most modern markets, power the innovation economy, and build trust in the financial system. We empower economic opportunity by designing and deploying advanced technology, data, and intelligence solutions that enable our clients to capture opportunities, navigate risk, and strengthen resilience. To learn more about the company, technology solutions and career opportunities, visit us on LinkedIn, on X @Nasdaq, or at www.nasdaq.com.
Cautionary Note Regarding Forward-Looking Statements
Information set forth in this communication contains forward-looking statements that involve a number of risks and uncertainties. Nasdaq cautions readers that any forward-looking information is not a guarantee of future performance, and that actual results could differ materially from those contained in the forward-looking information. Such forward-looking statements include, but are not limited to, information regarding our dividend program and future payment obligations. Forward-looking statements involve a number of risks, uncertainties, or other factors beyond Nasdaq’s control. These factors include, but are not limited to, Nasdaq’s ability to implement its strategic initiatives, economic, political and market conditions and fluctuations, government and industry regulation, interest rate risk, U.S. and global competition, and other factors detailed in Nasdaq’s filings with the U.S. Securities and Exchange Commission, including its annual reports on Form 10-K and quarterly reports on Form 10-Q which are available on Nasdaq’s investor relations website at http://ir.nasdaq.com and the SEC’s website at www.sec.gov. Nasdaq undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events or otherwise.
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