Market Signal Briefing

Fort Lawn, SC, Dec. 11, 2025 (GLOBE NEWSWIRE) -- Northann Corp. (NYSE American: NCL) (the "Company" or "Northann"), today announced it received a notice from the staff of NYSE American LLC (the "Exchange") that the Company was not in compliance with the Exchange's continued listing standards under Section 1003(a)(i) of the NYSE American Company Guide. Section 1003(a)(i) requires a listed company to have stockholders' equity of $2 million or more if the listed company has reported losses from continuing operations and/or net losses in two of its three most recent fiscal years. In order to regain compliance with Section 1003(a)(i), the Company is now subject to the procedures and requirements of Section 1009 of the NYSE American Company Guide and has until January 7, 2026, to submit a plan (the "Plan") of actions it has taken or will take to regain compliance with the continued listing standards by June 8, 2027.

The Company intends to pay all of its outstanding fees to the Exchange, and timely deliver a Plan to the Exchange. If the Exchange accepts the Plan, the Company will be able to continue its listing during the Plan period and will be subject to periodic reviews including quarterly monitoring for compliance with the Plan until it has regained compliance.

Receipt of the notice from the Exchange has no immediate effect on the listing or trading of the Company’s common stock on the Exchange, and does not affect the Company’s business, operations or reporting requirements with the U.S. Securities and Exchange Commission. The common stock will continue to trade under the symbol “NCL”, but will have an added designation of “.BC” to indicate the status of the common stock as “below compliance”.

About Northann Corp.

Founded in 2022 and headquartered in Fort Lawn, South Carolina, Northann Corp. is a leader in additive manufacturing and 3D printing technologies for the building materials industry. Through its flagship brand, Benchwick, the Company provides innovative flooring, decking, and other construction products. Northann boasts a robust portfolio of over 60 granted or pending patents, underscoring its dedication to innovation and sustainability.

Safe Harbor Statement

This release may contain “forward-looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as “estimate,” “plan,” “project,” “forecast,” “intend,” “will,” “expect,” “anticipate,” “believe,” “seek,” “target” or other similar expressions that predict or indicate future events or trends or that are not statements of historical facts. These forward-looking statements are inherently subject to risks, uncertainties, and assumptions. Actual results may differ materially due to several factors. Caution must be exercised in relying on these and other forward-looking statements. Due to known and unknown risks, Northann’s results may differ materially from its expectations and projections. While Northann may elect to update these forward-looking statements at some point in the future Northann specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing Northann’s assessments of any date after the date of this release. Accordingly, undue reliance should not be placed upon the forward-looking statements.

For further information, please contact:

Investor Relations:
Northann Corp.
[email protected] 

PHILADELPHIA, Dec. 11, 2025 (GLOBE NEWSWIRE) -- via IBN-- Datavault AI Inc. (NASDAQ: DVLT) (“Datavault AI” or the “Company”), a leader in data monetization, credentialing, and digital engagement technologies, today announced that its board of directors (the “Datavault Board”) has set Dec. 24, 2025, as the distribution date for the Dream Bowl 2026 Meme Coin token (the “Meme Coin”) to all eligible record equityholders of Datavault AI. Dec. 24, 2025, will also be the distribution date for Datavault AI’s voluntary distribution of Meme Coins to record holders of common stock of Scilex Holding Company (NASDAQ: SCLX), which is being made as a token of Datavault AI’s appreciation for Scilex’s relationship with Datavault AI as a significant stockholder of Datavault AI, licensing partner and co-sponsor of the Dream Bowl XIV event to be held on Jan. 11, 2026. The previously announced record date for the distribution of the Meme Coins was Nov. 25, 2025.

Datavault AI expects to begin mailing detailed instructions, on or about Dec. 12, 2025, regarding wallet setup, token access, and distribution procedures to stockholders of record of both Datavault AI and Scilex on the books and records of the transfer agents of Datavault AI and Scilex. Datavault AI also expects to file a Current Report on Form 8-K with the Securities and Exchange Commission on or about the same date outlining such instructions.   Any stockholders of Datavault AI and/or Scilex that hold their shares of common stock of Datavault AI and/or Scilex in “street name” through a brokerage firm, bank, dealer or other similar organization should receive such instructions and other information from their broker, bank, dealer or other similar organization once such organizations receive the instructions from Datavault AI.

In order to receive the Meme Coins, all eligible recipients will be required to open a digital wallet with Datavault AI and execute an Opt-In Agreement, pursuant to which such holders will agree, among other things, to the payment conditions set forth therein, and acknowledge that such holders understand the process for receiving the Meme Coins, that the Datavault Board can change the record date or payment date or revoke the distribution prior to the payment date, and that the Meme Coins may not have or maintain any value.

Datavault AI remains firmly committed to stockholder value creation and continuous innovation. Datavault AI will commemorate the upcoming Dream Bowl XIV through this one-time distribution of the Meme Coins to eligible record equity holders of Datavault AI and record holders of common stock of Scilex. Each holder will receive an exclusive commemorative digital collectible designed with utility features, including immutable proof of ownership, embedded ticketing details, and exclusive content related to invited athletes, game highlights, and event access. The Meme Coins will be airdropped to DataVault® wallets beginning on Dec 24, 2025, subject to recipients opening a digital wallet with Datavault AI and executing an Opt-In Agreement (including to provide any additional documentation requested by Datavault AI to verify any shares of common stock of Datavault AI and/or Scilex that are held in “street name” with a brokerage firm, bank, dealer or other similar organization).

The record date for the distribution may be changed by the Datavault Board for any reason at any time prior to the actual distribution date, and payment of the distribution is conditioned upon the Datavault Board not having revoked the distribution prior to the distribution date, including for a material change to the solvency or surplus analysis presented to the Datavault Board. 

The Meme Coin is a digital collectible intended solely for personal, non-commercial use in connection with the Dream Bowl XIV event to be held on Jan. 11, 2026. The Meme Coin does not: (i) represent or confer any equity, voting, dividend, profit-sharing, or ownership rights in Datavault AI or any other entity; (ii) provide any right to receive monetary payments, distributions, or appreciation; or (iii) create any expectation of profit or reliance on the managerial or entrepreneurial efforts of Datavault AI or others. The Meme Coin is not designed or intended to function as an investment, currency, or financial product, and it is not being offered, sold, or distributed for fundraising or capital-raising purposes. Use of the Meme Coin is limited to entertainment, event-access, and digital-collectible functions. Any transferability features are provided solely to support personal digital item portability and not to facilitate or imply investment or speculative use.

The Meme Coins will be tradeable on Datavault AI’s proprietary Information Data Exchange, which acts as a digital marketplace where registered buyers and sellers can securely exchange payment for data assets, including the Meme Coins. Datavault AI will notify holders of Meme Coins via email when they can commence trading the Meme Coins on the Information Data Exchange. Datavault AI currently anticipates that trading of the Meme Coins on such exchange will commence on or about Jan. 11, 2026. Holders of Meme Coins may also be able to export the Meme Coins to other digital wallets. While there will be no fees associated with an eligible holder of Datavault AI securities or Scilex common stock opening a digital wallet with Datavault AI for purposes of accepting the Meme Coins in the Distribution, trades of Meme Coins made on the Information Data Exchange will incur ordinary course trading fees that are based on transaction value and embedded within the terms of the applicable smart contract. Meme Coins that are exported to and traded on other trading platforms or digital exchanges may be subject to additional fees not imposed by Datavault AI.

About Datavault AI

Datavault AI™ (Nasdaq: DVLT) is leading the way in AI driven data experiences, valuation and monetization of assets in the Web 3.0 environment. The Company’s cloud-based platform provides comprehensive solutions with a collaborative focus in its Acoustic Science and Data Science Divisions. Datavault AI’s Acoustic Science Division features WiSA®, ADIO® and Sumerian® patented technologies and industry-first foundational spatial and multichannel wireless HD sound transmission technologies with IP covering audio timing, synchronization and multi-channel interference cancellation. The Data Science Division leverages the power of Web 3.0 and high-performance computing to provide solutions for experiential data perception, valuation and secure monetization. Datavault AI’s cloud-based platform provides comprehensive solutions serving multiple industries, including HPC software licensing for sports & entertainment, events & venues, biotech, education, fintech, real estate, healthcare, energy and more. The Information Data Exchange® (IDE) enables Digital Twins, licensing of name, image and likeness (NIL) by securely attaching physical real-world objects to immutable metadata objects, fostering responsible AI with integrity. Datavault AI’s technology suite is completely customizable and offers AI and Machine Learning (ML) automation, third-party integration, detailed analytics and data, marketing automation and advertising monitoring. The Company is headquartered in Philadelphia, PA. Learn more about Datavault AI at www.dvlt.ai.

Forward-Looking Statements

This press release contains “forward-looking statements” (within the meaning of the Private Securities Litigation Reform Act of 1995, as amended, and other securities laws) about Datavault AI Inc. (“Datavault AI,” the “Company,” “us,” “our,” or “we”) and our industry that involve risks and uncertainties.  In some cases, you can identify forward-looking statements because they contain words, such as “may,” “might,” “will,” “shall,” “should,” “expects,” “plans,” “anticipates,” “could,” “intends,” “target,” “projects,” “contemplates,” “believes,” “estimates,” “predicts,” “potential,” “goal,” “objective,” “seeks,” “likely” or “continue” or the negative of these words or other similar terms or expressions that concern our expectations, strategy, plans or intentions. The absence of these words does not mean that a statement is not forward-looking. Such forward-looking statements, including, but not limited to, statements regarding future events, Datavault AI’s potential distribution of the Dream Bowl 2026 Meme Coin and the timing thereof (including that the Datavault Board may change the record date and, as a result, the payment date thereof), are necessarily based upon estimates and assumptions that, while considered reasonable by the Company and its management, are inherently uncertain. Readers are cautioned not to place undue reliance on these and other forward-looking statements contained herein.

Actual results may differ materially from those indicated by these forward-looking statements as a result of various risks and uncertainties including, but not limited to, the following: risks related to legal proceedings that may be instituted against the parties regarding the Meme Coin and the distribution thereof to Datavault AI’s eligible equity holders and/or Scilex holders of common stock; risks associated with the right of the Datavault Board to change the record date (and therefore the payment date) of, and/or to revoke, the distribution of the Meme Coin; changes in economic, market, or regulatory conditions; uncertainties regarding valuation methodologies and third-party reports; risks relating to evolving regulatory frameworks applicable to tokenized assets; risks associated with technological development and integration; and other risks and uncertainties as more fully described in Datavault AI’s filings with the U.S. Securities and Exchange Commission (the “SEC”), including its Annual Report on Form 10-K for the year ended Dec. 31, 2024 and other filings that Datavault AI makes from time to time with the SEC, which are available on the SEC’s website at www.sec.gov, and could cause actual results to vary from expectations.

The forward-looking statements made in this press release relate only to events as of the date on which the statements are made. Datavault AI undertakes no obligation to update any forward-looking statements made in this press release to reflect events or circumstances after the date of this press release or to reflect new information or the occurrence of unanticipated events, except as required by law. Datavault AI may not actually achieve the plans, intentions or expectations disclosed in its forward-looking statements, and you should not place undue reliance on such forward-looking statements. Datavault AI’s forward-looking statements do not reflect the potential impact of any future acquisitions, mergers, dispositions, joint ventures or investments it may make.

Investor Contact:
800.491.9665
Media Inquiries:
[email protected]
Corporate Communications:
IBN
Austin, Texas
www.InvestorBrandNetwork.com
512.354.7000 Office
[email protected]

December 11, 2025 16:05 ET

 | Source:

Netskope

ARR increased 34% year-over-year to $754 millionQ3 revenue increased 33% year-over-year to $184.2 millionSurpassed $1 billion in Remaining Performance Obligations, reflecting 41% year-over-year growthQ3 net cash provided by operating activities was $11.2 million, representing 6% of revenueQ3 free cash flow was $10.6 million, representing a positive 6% free cash flow margin
SANTA CLARA, Calif., Dec. 11, 2025 (GLOBE NEWSWIRE) -- Netskope (NASDAQ:NTSK) a leader in modern security and networking for the cloud and AI era, today announced financial results for the third quarter of fiscal year 2026, ended October 31, 2025.

“We delivered an excellent third quarter with accelerating top line growth and incremental improvements to the bottom line,” said Sanjay Beri, CEO of Netskope. “Cloud modernization and AI are fueling strong demand for our market-leading Netskope One platform of security, networking, and analytics products. And, the investments we’ve made in our foundational technology architecture, NewEdge private cloud, and go-to-market engine are driving clear returns as we successfully scale to address our estimated $149 billion market opportunity.”

Third Quarter Fiscal Year 2026 Financial Highlights

Annual Recurring Revenue (ARR): ARR grew 34% year-over-year to $754 million as of October 31, 2025.Revenue: Q3 Revenue was $184.2 million, an increase of 33% year-over-year.Gross Profit and Margin: GAAP gross profit was $106.6 million, compared to $91.8 million for the third quarter of fiscal 2025, and GAAP gross margin was 58%, compared to 66% for the third quarter of fiscal 2025. Non-GAAP gross profit was $137.6 million, compared to $97.5 million for the third quarter of fiscal 2025, and non-GAAP gross margin was 75%, compared to 70% for the third quarter of fiscal 2025. Non-GAAP gross profit excludes $28.6 million in stock-based compensation expense and related taxes, compared to $0.6 million in the prior year period, due primarily to the vesting of certain equity awards in conjunction with the initial public offering.Loss from Operations and Operating Margin: GAAP loss from operations was ($447.0) million, compared to a loss of ($53.8) million for the third quarter of fiscal 2025, and GAAP operating margin was (243%), compared to (39%) for the third quarter of fiscal 2025. Non-GAAP loss from operations was ($28.2) million, compared to a loss of ($35.5) million for the third quarter of fiscal 2025, and non-GAAP operating margin was (15%), compared to (26%) for the third quarter of fiscal 2025. Non-GAAP loss from operations excludes $416.2 million in stock-based compensation expense and related taxes, compared to $12.3 million in the prior year period, due primarily to the vesting of certain equity awards in conjunction with the initial public offering.Net Loss Per Share: GAAP net loss per share was ($1.85), compared to ($0.72) in the third quarter of fiscal 2025. Non-GAAP net loss per share was ($0.10), compared to ($0.37) in the third quarter of fiscal 2025. Non-GAAP net loss per share excludes $0.04 for the loss on the change in fair market value of convertible notes, compared to $0.18 in the year ago period. As of October 31, 2025, the weighted average common stock outstanding was 245 million and the fully-diluted share count under the treasury stock method was approximately 506 million.Cash Flow: Net cash generated from operations was $11.2 million, compared to ($10.9) million used in operations in the third quarter of fiscal 2025 and operating cash flow margin was 6%, compared to (8%) in the third quarter of fiscal 2025. Free cash flow was $10.6 million, compared to ($28.6) million in the third quarter of fiscal 2025 and free cash flow margin was positive 6%, compared to (21%) in the third quarter of fiscal 2025.Cash, Cash Equivalents, and Marketable Securities: Total cash, cash equivalents and marketable securities at the end of the third quarter was $1.2 billion.
Recent Business Highlights

Completed our Initial Public Offering in September, raising $992.2 million in IPO proceeds, net of underwriting discounts and commissions.In addition to being recognized as a Leader in both the 2025 Gartner Magic Quadrant for Secure Services Edge (SSE), for four consecutive years and a Leader in the 2025 Magic Quadrant for SASE platforms for two consecutive years, during Q3 Fiscal 2026, Netskope was also recognized as: A leader in The Forrester Wave™: Secure Access Service Edge Solutions, Q3 2025 report. Netskope was the highest scoring vendor in the report overall and also the highest scoring vendor in Forrester’s “Strength of Offering” category.A Leader in GigaOMs DLP Radar report and SD-WAN Platforms Radar report. Expanded our NewEdge private cloud network with new data centers in Malaysia, Toronto, Hawaii, and Oman to meet growing customer demand. NewEdge now covers close to 80 major metropolitan areas, with over 120 data centers globally, all of which are available to every customer, have full edge compute, and run all services.Announced updates to our Netskope One platform, including:  Universal Zero Trust Network Access (UZTNA) enhancements to extend to IoT and OT use cases. Netskope’s UZTNA solution helps customers modernize their networks by enabling the consolidation of legacy technologies beyond just Virtual Private Networking (VPN), to also include Network Access Control (NAC) and Virtual Desktop Infrastructure (VDI).New AI-powered innovations which improve efficiency and effectiveness of security teams. This includes an integrated AI agent for Netskope One Private Access, which provides insight into an organization’s existing ZTNA network topologies and private application configurations. Deepened our collaboration with Microsoft through enterprise security and AI integrations, including Netskope One integration with Microsoft Purview. In addition, we released Netskope One Advanced SSE for Microsoft Entra Global Secure Access (GSA), and new protections for Microsoft 365 Copilot conversations - including GenAI queries, responses, and AI-generated content - using our market-leading data and threat protection delivered through our new CASB API for Microsoft 365 Copilot.
Financial Outlook

Netskope is providing the following guidance for the fourth quarter of 2026 and fiscal year 2026:

For the fourth quarter of fiscal 2026, we expect:

Q4 revenue of $188 million to $190 millionNon-GAAP operating margin of (14.0%) to (13.0%)Non-GAAP net loss per share of ($0.07) to ($0.05), using approximately 400 million weighted average common stock outstanding
For the full year of fiscal 2026, we expect:

Total revenue of $701 million to $703 millionNon-GAAP gross margin of approximately 75%Non-GAAP operating margin of (17.0%) to (16.5%)Non-GAAP net loss per share of ($0.53) to ($0.51), using approximately 215 million weighted average common stock outstandingFree cash flow of $5 million to $8 million
These statements are forward-looking, and actual results may differ materially. Refer to the Forward-Looking Statements safe harbor below for information on the factors that could cause our actual results to differ materially from these forward-looking statements.

A reconciliation of non-GAAP guidance measures to corresponding GAAP measures is not available on a forward-looking basis without unreasonable effort due to the uncertainty regarding, and the potential variability of, reconciling items that may be incurred in the future, such as stock-based compensation and related employer payroll taxes, the effect of which may be significant.

Conference Call

Netskope will host a conference call at 2:00 p.m. Pacific Time / 5:00 p.m. Eastern Time today to discuss its financial results and outlook. The conference call will be available via live webcast and replay at the Investor Relations section of Netskope’s website at investors.netskope.com.

Supplemental Financial and Other Information:

Supplemental financial information can be accessed through Netskope’s investor relations website at investors.netskope.com.

About Netskope

Netskope (NASDAQ: NTSK), a leader in modern security and networking for the cloud and AI era, addresses the needs of both security and networking teams by providing optimized access and real-time, context-based security for people, devices, and data anywhere they go. Thousands of customers, including more than 30 of the Fortune 100, trust the Netskope One platform, its Zero Trust Engine, and its powerful NewEdge network to reduce risk and gain full visibility and control over cloud, AI, SaaS, web, and private applications—providing security and accelerating performance without trade-offs. Learn more at netskope.com, on LinkedIn, and Instagram.

Forward-Looking Statements

This press release contains forward-looking statements that involve risks and uncertainties, including, but not limited to, statements regarding our future financial and operating performance, including our GAAP and non-GAAP guidance and financial outlook for the fourth quarter of fiscal 2026 and full year fiscal 2026. There are a significant number of factors that could cause actual results to differ materially from statements made in this press release, including but not limited to: macroeconomic influences and instability, geopolitical events, operations and financial results and the economy in general; risks associated with scaling our business and managing our rapid growth; our ability to expand our partner relationships; our ability to identify and effectively implement the necessary changes to address execution challenges; our limited experience with new products and the risks associated with new product offerings, including adoption by customers and the discovery of software bugs; our ability to attract and retain new customers; the failure to timely develop and achieve market acceptance of new products as well as existing products; rapidly evolving technological developments in the market for security, networking and analytics products and our ability to innovate and remain competitive; length of sales cycles; risks related to the use of AI in our platform; and general market, political, economic and business conditions, as well as those risks and uncertainties included in filings we make with the Securities and Exchange Commission from time to time.

All forward-looking statements in this press release are based on information available to Netskope as of the date hereof, and we undertake no obligation to update these forward-looking statements, to review or confirm analysts’ expectations, or to provide interim reports or updates on the progress of the current financial quarter.

Non-GAAP Financial Measures

In addition to GAAP financial measures, this press release includes non-GAAP financial measures that we use to evaluate our business performance, identify trends affecting our business, formulate business plans and make strategic decisions. These non-GAAP financial measures include non-GAAP gross profit, non-GAAP gross margin, non-GAAP loss from operations, non-GAAP operating margin, non-GAAP net loss, non-GAAP net loss per share, free cash flow and free cash flow margin, and their respective definitions are presented below.

There are limitations to the non-GAAP financial measures included in this press release, and they may not be comparable to similarly titled measures of other companies. The non-GAAP financial measures included in this press release should not be considered in isolation from or as a substitute for their most directly comparable GAAP financial measures. Our management believes that our non-GAAP financial measures provide meaningful supplemental information regarding our performance and liquidity by excluding certain expenses that may not be indicative of our ongoing core operating performance. We believe that both management and investors benefit from referring to these non-GAAP financial measures in assessing our performance and when analyzing historical performance and liquidity and when planning, forecasting and analyzing future periods.

For a reconciliation of the non-GAAP financial measures presented for historical periods to their most directly comparable GAAP financial measures, please see the tables captioned "Reconciliation of GAAP to Non-GAAP Financial Information" included at the end of this press release. We encourage you to review the reconciliation in conjunction with the presentation of the non-GAAP financial measures for each of the periods presented. In future periods, we may exclude similar items, may incur income and expenses similar to these excluded items and may include other expenses, costs and non-recurring items.

Non-GAAP Gross Profit and Non-GAAP Gross Margin

We define non-GAAP gross profit as GAAP gross profit excluding stock-based compensation expense and related taxes, and amortization of acquired intangible assets. We define non-GAAP gross margin as non-GAAP gross profit as a percentage of revenue.

Non-GAAP Loss from Operations and Non-GAAP Operating Margin

We define non-GAAP loss from operations as GAAP loss from operations excluding stock-based compensation expense and related taxes, amortization of acquired intangible assets, and acquisition-related expense We define non-GAAP operating margin as non-GAAP loss from operations as a percentage of revenue.

Non-GAAP Net Loss

We define non-GAAP net loss as GAAP net loss adjusted to exclude stock-based compensation expense and related taxes, amortization of acquired intangible assets, acquisition-related expense, gain/loss on fair value change in convertible notes, and non-GAAP provision for (benefit from) income taxes.

Non-GAAP Net Loss Per Share

We define non-GAAP net loss per share as GAAP net loss per share, adjusted to exclude stock-based compensation expense and related taxes, amortization of acquired intangible assets, acquisition-related expense, gain/loss on fair value change in convertible notes, and non-GAAP provision for (benefit from) income taxes.

Free Cash Flow and Free Cash Flow Margin

We define free cash flow as net cash provided by (used in) operating activities less purchase of property and equipment and intangible assets and capitalized internal-use software. Free cash flow margin is determined by dividing free cash flow by revenue. We believe free cash flow and free cash flow margin serve as valuable indicators of liquidity, as it provides our management, board of directors, and investors with insight into our ability to generate cash from our operations, strategic initiatives, and strengthening our balance sheet.

Investor Relations Contact:
Michelle Spolver
[email protected]

Media Contact:
Tim Whitman
[email protected]

NETSKOPE, INC.CONDENSED CONSOLIDATED BALANCE SHEETS(in thousands)(unaudited) October 31, January 31,  2025   2025 Assets   Current assets:   Cash and cash equivalents$984,652  $166,012 Marketable securities 168,251   80,679 Accounts receivable, net 131,534   195,100 Inventories 5,377   5,763 Deferred contract acquisition costs 48,813   42,860 Prepaid expenses and other current assets 63,213   37,991 Total current assets 1,401,840   528,405 Property and equipment, net 89,544   99,480 Operating lease right-of-use assets 32,816   34,571 Intangible assets, net 23,895   37,242 Goodwill 61,083   61,083 Deferred contract acquisition costs, noncurrent 89,188   78,805 Other assets, noncurrent 16,670   18,920 Total assets$1,715,036  $858,506 Liabilities and stockholders’ equity (deficit)   Current liabilities:   Accounts payable$16,430  $2,652 Accrued compensation and benefits 77,471   62,781 Deferred revenue 471,455   430,156 Operating lease liabilities, current 10,124   10,267 Accrued expenses and other current liabilities 27,505   20,852 Total current liabilities 602,985   526,708 Deferred revenue, noncurrent 148,426   160,151 Convertible notes 780,365   626,622 Operating lease liabilities, noncurrent 24,492   25,808 Other liabilities, noncurrent 7,737   4,806 Total liabilities 1,564,005   1,344,095 Stockholders’ equity (deficit):   Convertible preferred stock -   1,050,561 Common stock -   10 Class A common stock 5   - Class B common stock 34   - Additional paid-in capital 2,796,530   418,791 Accumulated other comprehensive loss (73,408)  (5,439)Accumulated deficit (2,572,130)  (1,949,512)Total stockholders’ equity (deficit) 151,031   (485,589)Total liabilities and stockholders’ equity (deficit)$1,715,036  $858,506      NETSKOPE, INC.CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS(in thousands, except share and per share data)(unaudited) Three Months Ended October 31, Nine Months Ended October 31,  2025   2024   2025   2024 Revenue$184,173  $138,532  $512,667  $389,782 Cost of revenue(1) 77,530   46,765   173,267   141,209 Gross profit 106,643   91,767   339,400   248,573 Operating expenses:       Sales and marketing(1) 149,869   65,765   297,295   217,391 Research and development(1) 262,702   62,402   403,439   192,758 General and administrative(1) 141,042   17,434   176,959   52,989 Total operating expenses 553,613   145,601   877,693   463,138 Loss from operations (446,970)  (53,834)  (538,293)  (214,565)Other income (expense), net:       Loss on changes in fair value of convertible notes (8,439)  (18,125)  (85,841)  (63,249)Other income, net 5,407   711   9,529   3,469 Loss before provision for income taxes (450,002)  (71,248)  (614,605)  (274,345)Provision for (benefit from) income taxes 3,073   (505)  8,013   3,127 Net loss$(453,075) $(70,743) $(622,618) $(277,472)Net loss per share attributable to common stockholders, basic and diluted$(1.85) $(0.72) $(4.07) $(2.89)Weighted-average shares used in computing net loss per share attributable to common stockholders, basic and diluted 244,659,095   98,265,450   153,012,468   95,875,697         (1)Includes stock-based compensation expense as follows:       Cost of revenue$28,018  $589  $28,945  $1,930 Sales and marketing 71,845   4,135   78,304   14,667 Research and development 190,082   5,878   198,881   18,738 General and administrative 120,527   1,711   121,984   4,318 Total stock-based compensation expense$410,472  $12,313  $428,114  $39,653          NETSKOPE, INC.CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS(in thousands)(unaudited) Nine Months Ended October 31,  2025   2024 Cash flows from operating activities   Net loss$(622,618) $(277,472)Adjustments to reconcile net loss to net cash provided by (used in) operating activities:   Stock-based compensation expense 428,114   39,653 Depreciation and amortization 35,791   39,861 Amortization of deferred contract acquisition costs 39,419   33,198 Non-cash operating lease expenses 10,032   8,886 (Accretion of discount) amortization of premium on investments, net (552)  (1,547)Change in fair value of convertible notes 85,841   63,249 Deferred income tax benefit -   (2,254)Other 230   777 Changes in operating assets and liabilities:   Accounts receivable, net 63,566   (12,481)Inventories 149   29 Deferred contract acquisition costs (55,755)  (43,503)Prepaid expenses and other current assets (20,164)  927 Other non-current assets 2,251   (675)Accounts payable 13,359   4,746 Accrued compensation and benefits 8,121   4,969 Operating lease liabilities (9,736)  (9,515)Accrued expenses and other current liabilities 9,397   (4,467)Deferred revenue 29,574   37,753 Other non-current liabilities 2,931   1,068 Net cash provided by (used in) operating activities 19,950   (116,798)Cash flows from investing activities   Purchases of property and equipment (9,563)  (32,437)Capitalized internal-use software (1,990)  (2,579)Purchases of intangible assets -   (3,337)Payments for business combination, net of cash acquired -   (2,508)Purchases of marketable securities (197,145)  (40,636)Proceeds from maturities of marketable securities 63,601   120,514 Proceeds from sales of marketable securities 46,454   - Net cash (used in) provided by investing activities (98,643)  39,017 Cash flows from financing activities   Proceeds from issuance of common stock upon initial public offering, net of underwriting discount and commissions 992,209   - Payments for deferred offering costs (6,320)  - Proceeds from issuance of common stock upon exercise of stock options 31,174   22,743 Proceeds from issuance of convertible senior notes, net of issuance cost -   74,355 Payments for taxes upon net share settlement of equity awards (117,205)  - Payments for holdback on business combination (2,524)  - Net cash provided by financing activities 897,334   97,098 Net increase in cash, cash equivalents, and restricted cash 818,641   19,317 Cash, cash equivalents, and restricted cash, beginning of period 167,197   165,770 Cash, cash equivalents, and restricted cash, end of period$985,838  $185,087      NETSKOPE, INC.RECONCILIATION OF GAAP to NON-GAAP FINANCIAL INFORMATION(in thousands, except percentages and per share data)(unaudited) Three Months Ended October 31, Nine Months Ended October 31,  2025   2024   2025   2024 Gross profit reconciliation:       Gross profit$106,643  $91,767  $339,400  $248,573 Stock-based compensation expense and related taxes 28,602   589   29,543   1,930 Amortization of acquired intangible assets 2,341   5,174   12,016   14,645 Non-GAAP gross profit$137,586  $97,530  $380,959  $265,148 Gross margin 58%  66%  66%  64%Non-GAAP gross margin 75%  70%  74%  68%        Sales and marketing expense reconciliation:       Sales and marketing expense$149,869  $65,765  $297,295  $217,391 Stock-based compensation expense and related taxes (73,680)  (4,143)  (80,461)  (14,757)Amortization of acquired intangible assets (280)  (421)  (1,330)  (1,178)Non-GAAP sales and marketing expense$75,909  $61,201  $215,504  $201,456 Sales and marketing expense as a percentage of revenue 81%  47%  58%  56%Non-GAAP sales and marketing expense as a percentage of revenue 41%  44%  42%  52%        Research and development expense reconciliation:       Research and development expense$262,702  $62,402  $403,439  $192,758 Stock-based compensation expense and related taxes (192,612)  (5,884)  (201,474)  (18,783)Amortization of acquired intangible assets -   -   -   (70)Non-GAAP research and development expense$70,090  $56,518  $201,965  $173,905 Research and development expense as a percentage of revenue 143%  45%  79%  49%Non-GAAP research and development expense as a percentage of revenue 38%  41%  39%  45%        General and administrative expense reconciliation:       General and administrative expense$141,042  $17,434  $176,959  $52,989 Stock-based compensation expense and related taxes (121,285)  (1,711)  (122,743)  (4,318)Acquisition related expense -   (443)  -   (460)Non-GAAP general and administrative expense$19,757  $15,280  $54,216  $48,211 General and administrative expense as a percentage of revenue 77%  13%  35%  14%Non-GAAP general and administrative expense as a percentage of revenue 11%  11%  11%  12%        Loss from operations reconciliation:       Loss from operations$(446,970) $(53,834) $(538,293) $(214,565)Stock-based compensation expense and related taxes 416,179   12,327   434,221   39,788 Acquisition related expense -   443   -   460 Amortization of acquired intangible assets 2,621   5,595   13,346   15,893 Non-GAAP loss from operations$(28,170) $(35,469) $(90,726) $(158,424)Operating margin (243)%  (39)%  (105)%  (55)%Non-GAAP operating margin (15)%  (26)%  (18)%  (41)%        Net loss reconciliation:       Net loss$(453,075) $(70,743) $(622,618) $(277,472)Stock-based compensation expense and related taxes 416,179   12,327   434,221   39,788 Acquisition related expense -   443   -   460 Amortization of acquired intangible assets 2,621   5,595   13,346   15,893 Loss on fair value change in convertible notes 8,439   18,125   85,841   63,249 Provision for (benefit from) income taxes 364   (2,239)  364   (2,239)Non-GAAP net loss$(25,472) $(36,492) $(88,846) $(160,321)        Basic and diluted EPS reconciliation:       Net loss per share, basic and diluted$(1.85) $(0.72) $(4.07) $(2.89)Stock-based compensation expense and related taxes 1.70   0.13   2.84   0.41 Acquisition related expense -   -   -   - Amortization of acquired intangible assets 0.01   0.06   0.09   0.17 Loss on fair value change in convertible notes 0.04   0.18   0.56   0.66 Provision for (benefit from) income taxes -   (0.02)  -   (0.02)Non-GAAP net loss per share, basic and diluted$(0.10) $(0.37) $(0.58) $(1.67)Note: Certain figures may not sum due to rounding.                NETSKOPE, INC.SELECTED CASH FLOW INFORMATION(in thousands, except percentages)(unaudited)         Three Months Ended October 31, Nine Months Ended October 31,  2025   2024   2025   2024 Reconciliation of cash provided by (used in) operating activities to free cash flow       Net cash provided by (used in) operating activities$11,236  $(10,884) $19,950  $(116,798)Purchase of property and equipment and intangible assets (525)  (15,999)  (9,563)  (35,774)Capitalized internal-used software (117)  (1,761)  (1,990)  (2,579)Free cash flow$10,594  $(28,644) $8,397  $(155,151)        Net cash (used in) provided by investing activities$(118,247) $(14,665) $(98,643) $39,017         Net cash provided by financing activities$880,853  $83,523  $897,334  $97,098         Operating cash flow margin 6%  (8)%  4%  (30)%Free cash flow margin 6%  (21)%  2%  (40)%Note: Certain figures may not sum due to rounding.               

SOUTH SAN FRANCISCO, Calif., Dec. 11, 2025 (GLOBE NEWSWIRE) -- BridgeBio Oncology Therapeutics, Inc. (“BBOT”) (NASDAQ: BBOT), a clinical-stage biopharmaceutical company focused on RAS-pathway malignancies, today announced it awarded an inducement grant on December 10, 2025 under BBOT’s 2025 Inducement Plan as a material inducement to the employment of an individual hired by BBOT in November 2025.

The employee received non-qualified stock options to purchase 53,060 shares of BBOT common stock, par value $0.0001 per share, with an exercise price of $12.88 per share, the closing price of BBOT’s common stock as reported by Nasdaq on the effective date of the grant, which will vest 1/4 on the first anniversary of the employee’s applicable start date and in 36 equal monthly installments thereafter, subject to the employee’s continued service with the Company through each applicable vesting date, or collectively, the Awards.

All of the above-described Awards were granted outside of BBOT’s stockholder-approved equity incentive plans and are pursuant to BBOT’s 2025 Inducement Plan, which was adopted by BBOT’s board of directors in October 2025. The Awards were approved by the compensation committee of the board of directors, which is comprised solely of independent directors, as a material inducement to the employees entering into employment with BBOT in accordance with Nasdaq Listing Rule 5635(c)(4).

About BBOT
BBOT is a clinical-stage biopharmaceutical company advancing a next-generation pipeline of novel small molecule therapeutics targeting RAS and PI3Kα malignancies. BBOT has the goal of improving outcomes for patients with cancers driven by the two most prevalent oncogenes in human tumors. For more information, please visit www.bbotx.com and follow us on LinkedIn.

BBOT Contacts:

Investor Contact:
Heather Armstrong, Head of Investor Relations
BBOT
[email protected]

Media Contact:
Jake Robison
Inizio Evoke Comms
[email protected]

December 11, 2025 16:05 ET

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LPL Financial Holdings, Inc.

SAN DIEGO, Dec. 11, 2025 (GLOBE NEWSWIRE) -- LPL Financial LLC  announced today that financial advisor Melissa Mirabile has joined LPL’s employee advisor channel Linsco by LPL Financial to launch Forest Lake Wealth Partners. She reported serving approximately $280 million in advisory, brokerage and retirement plan assets* and joins LPL from UBS.  

Located in Albany, N.Y., Forest Lake Wealth Partners serves a wide range of clients across the country, including families, business owners, and trade unions. This diverse client base highlights the firm’s commitment to addressing a broad spectrum of financial needs. Mirabile, who has over 30 years of experience and is the fifth financial advisor in her family, continues a legacy of trusted financial guidance. The team is dedicated to treating each client as an individual, deliberately avoiding short-lived financial trends in favor of a practical, common-sense approach to financial planning.

“We recognize that every client is unique, so we create tailored financial plans designed to meet their individual needs. Our team is dedicated to going above and beyond, offering clients a comprehensive perspective on their finances. In addition to investment strategies, we assist with estate planning and tax management. By intentionally limiting the number of clients we serve, we are able to develop close, personal relationships with each one,” said Mirabile.

Why Forest Lake Wealth Partners Chose LPL

Seeking more autonomy and customization for their clients, the team — which also includes 3rd generation Wealth Associate Casey Mirabile and Business Development Associate Lars Olson — turned to LPL.

“Linsco provides us with comprehensive support, increased efficiency and more freedom to address each client’s individual needs, without potential conflicts of interest or cookie-cutter models. This will allow us to spend our time the way we should – by helping our clients. Linsco made the transition so successful by offering a dedicated and responsive team. We are so excited to have our clients benefit from this support long term,” said Mirabile.

Scott Posner, managing director of business development, said, “We welcome Melissa and team to the Linsco community. At LPL, we are committed to offering differentiated experiences for advisors and their clients. We do that by offering unparalleled flexibility, strategic resources and innovative technology designed to help advisors deliver an elevated client experience while operating thriving practices. We look forward to supporting Forest Lake Wealth Partners for years to come.”

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Advisors, learn how LPL Financial can help take your business to the next level.

About LPL Financial

LPL Financial Holdings Inc. (Nasdaq: LPLA) is among the fastest growing wealth management firms in the U.S. As a leader in the financial advisor-mediated marketplace, LPL supports over 32,000 financial advisors and the wealth management practices of approximately 1,100 financial institutions, servicing and custodying approximately $2.3 trillion in brokerage and advisory assets on behalf of approximately 8 million Americans. The firm provides a wide range of advisor affiliation models, investment solutions, fintech tools and practice management services, ensuring that advisors and institutions have the flexibility to choose the business model, services, and technology resources they need to run thriving businesses. For further information about LPL, please visit www.lpl.com.

Securities and advisory services offered through LPL Financial LLC (“LPL Financial”), a registered investment advisor and broker-dealer, member FINRA/SIPC.

Throughout this communication, the terms “financial advisors” and “advisors” are used to refer to registered representatives and/or investment advisor representatives affiliated with LPL Financial.

We routinely disclose information that may be important to shareholders in the “Investor Relations” or “Press Releases” section of our website.

*Value approximated based on asset and holding details provided to LPL from end of year, 2024.

Media Contact: 
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, /PRNewswire/ -- The Andersons, Inc. (Nasdaq: ANDE) announces a first quarter 2026 cash dividend of 20 cents ($0.20) per share payable on January 23, 2026, to shareholders of record as of January 02, 2026. This nearly three percent increase from the company's fourth quarter 2025 cash dividend of 19.5 cents ($0.195) per share underscores the company's strong financial position and commitment to returning value to shareholders.

This is The Andersons 117th consecutive quarterly cash dividend since listing on the Nasdaq in February 1996.

About The Andersons, Inc. 
The Andersons, Inc., is a North American agriculture and renewable fuels company. Guided by its Statement of Principles, The Andersons is committed to providing extraordinary service to its customers, helping its employees improve, supporting its communities, and increasing the value of the company. For more information, please visit www.andersonsinc.com.

SOURCE The Andersons, Inc.

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December 11, 2025 16:05 ET

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Fast Track Group

SINGAPORE, Dec. 11, 2025 (GLOBE NEWSWIRE) -- FAST TRACK GROUP (NASDAQ: FTRK) (“Fast Track” or the “Company”), a leading entertainment-focused event management and celebrity agency company, today announced a strategic partnership with CloudX Entertainment (“CloudX”), a next-generation hybrid talent management and creative agency. The partnership amplifies opportunities available to brands through celebrity and influencer partnerships and content creator campaigns across travel, sports, and entertainment.

CloudX specializes in creative social media campaigns and the management of influencers and content creators. Its client portfolio includes the Korean Tourism Organization, Trip.com, JisuLife and Amazfit, reflecting its strength in influencer campaigns across travel, sports, and entertainment sectors. In response to increasing client demand for a solution that unifies the strengths of celebrities and influencers, this partnership with CloudX delivers a hybrid strategy where celebrities drive mass awareness while influencers and content creators deepen education and long-term engagement. Together, these complementary levers give brands a more complete way to maximize exposure and overall marketing impact.

The Company’s recent projects include regional brand partnerships with Dongfeng and Serba Wangi, working with global celebrity talents such as Jessica Jung, MINNIE of i-dle and TREASURE. These collaborations reflect Fast Track’s ability to translate celebrity partnerships into high-impact regional brand influence at scale. Leveraging CloudX’s influencer and content creator network, Fast Track can further enable brands to meet their marketing and brand amplification goals. The partnership will initially focus on Singapore, with plans to expand campaign efforts across key regional markets in Asia Pacific.

“This strategic partnership expands the options available to our trusted brand partners,” said Harris Lim, CEO of Fast Track Group. “Whether a campaign is driven by global celebrity appeal, trusted creator voices, or both, this partnership allows clients to have the options to choose the most relevant amplification path for their objectives. While Fast Track specializes in connecting brands with celebrities, this partnership with CloudX will open new doors for clients seeking an influencer-led or integrated marketing campaign.”

Lucas Law, Managing Director of CloudX Entertainment said, “By combining our influencer and content creator ecosystem with Fast Track’s celebrity and live entertainment capabilities, brands now have greater flexibility to design campaigns that resonate across both physical and digital touchpoints.”

About FAST TRACK GROUP
FAST TRACK GROUP is a leading entertainment-focused event management and celebrity agency company. Since inception in Singapore in 2012, the Company has expanded across Asia Pacific, earning a reputation for being the preferred partner for event and endorsement organizers in the region. ​FAST TRACK GROUP goes beyond traditional event management, offering value-added services such as technical production planning, celebrity sourcing, celebrity engagement consultancy and event manpower support, all tailored to the highest standards.​

About CloudX Entertainment
CloudX Entertainment is a next-generation hybrid talent management and creative agency specializing in social media campaigns and the management of influencers and content creators. The agency merges media production with influencer-powered campaigns to turn brand visions into powerful brand influence, with a strong focus on travel, sports, and entertainment.CloudX also develops original IPs built around each talent’s strengths, transforming creators into long-term brand assets. With end-to-end media production capabilities, they deliver cohesive, high-quality content from concept to final execution.

Cautionary Note Regarding Forward-Looking Statements
Certain statements in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company's current expectations. Investors can find many (but not all) of these statements by the use of words such as "approximates," "believes," "hopes," "expects," "anticipates," "estimates," "projects," "intends," "plans," "will," "would," "should," "could," "may" or other similar expressions. 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. The Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to read the risk factors contained in the Company's final prospectus and other reports it files with the SEC before making any investment decisions regarding the Company's securities. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law.

Investor Relations
Gateway Group, Inc.
949-574-3860
[email protected]  

CAMPBELL, Calif., Dec. 11, 2025 (GLOBE NEWSWIRE) -- Arteris, Inc. (Nasdaq: AIP), a leading provider of system IP for accelerating semiconductor creation in the AI era, today announced it has entered into a definitive agreement to acquire Cycuity, Inc., a leading provider of semiconductor cybersecurity assurance. The addition of Cycuity’s technology and expertise strengthens Arteris’ product portfolio, enabling chip designers to understand and improve data movement security in chiplets and SoCs. This pending acquisition addresses a growing industry concern about the increasing volume of sophisticated cyberattacks targeting the vast amounts of unsecured data moving through semiconductors, from AI data centers to a broad range of edge devices.

“In today’s world, where vast amounts of data are traversing every SoC and chiplet, the need for hardware security is at an inflection point. From the AI data center to the expansive array of edge applications such as autonomous driving, aerospace, drones, robotics, consumer electronics, and more, a hardware security foundation is paramount,” said K. Charles Janac, president and CEO of Arteris. “Expanding our technology portfolio to include Cycuity’s hardware security assurance products will enable our customers to achieve secure on-chip data movement.”

Semiconductor cybersecurity assurance is becoming critical to all types of chip designs, as the threat landscape has expanded to the hardware layer. Silicon vulnerabilities can result in compromised systems exposing unprotected information, a trend accelerated by the proliferation of AI and chiplets. According to the US Department of Commerce’s National Institute of Standards and Technology (NIST), the reported new Common Vulnerabilities and Exposures (CVEs) in hardware grew by over 15 times in the last five years. As such, there is a growing need for technology solutions that help to increase semiconductor security without risking SoC functionality, performance, and schedules.

"The growing footprint of hardware security vulnerabilities has greatly extended the attack surface beyond traditional software exploits. From AI data centers to edge devices, designs now require a trustworthy silicon foundation to ensure security for all electronic systems,” said Andreas Kuehlmann, CEO of Cycuity. “Arteris’ products provide the backbone to move the data across SoCs and chiplets, making them naturally complementary to hardware security assurance. Together we can accelerate the secure design and deployment of microelectronics for commercial and defense engineering teams.”

Cycuity’s innovative products and deep domain expertise help mitigate security vulnerabilities across the SoC hardware development cycle, ensuring robust protection of the entire technology stack from chips to software applications. Cycuity products uncover security weaknesses across IP blocks, XPUs and other subsystems, chiplets, and full SoCs including firmware. Working in conjunction with EDA tool flows from leading companies such as Cadence, Siemens EDA, and Synopsys, Cycuity products help semiconductor designers identify, verify, and resolve security risks prior to silicon implementation and production. This includes safeguarding against attacks exploiting microarchitectural side channels, logic bugs, third-party and open-source IP, unsecured interconnects, debug backdoors, and supply-chain gaps.

The transaction is subject to customary closing conditions and is expected to close in Arteris’ first quarter of fiscal year 2026.

About Arteris 

Arteris is a global leader in system IP used in semiconductors to accelerate the creation of high-performance, power-efficient silicon. Arteris network-on-chip (NoC) interconnect IP and system-on-chip (SoC) integration automation software are used by the world's top semiconductor and technology companies to improve overall performance, engineering productivity, reduce risk, lower costs, and bring complex designs to market faster. Learn more at arteris.com.

About Cycuity

Cycuity, Inc. is a pioneer in hardware security delivering security assurance for semiconductor devices, a rapidly increasing target for remote cyberattacks. Cycuity’s innovative Radix software products and services specify, integrate and verify security across the hardware development lifecycle to ensure robust protection for the chips powering today’s sophisticated electronic systems. Radix uncovers security weaknesses across all levels, from block and subsystem to full system-on-chip (SoC) and firmware, enabling our customers to identify and resolve risks prior to manufacturing. Serving both commercial and defense industries, Cycuity provides the broadest security assurance across the design supply chain. Learn more at cycuity.com.

Forward-Looking Statements

This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended, including but not limited to statements regarding the transaction(s) described in this release such as the anticipated benefits to the Company and its customers as well as the anticipated timing of the transaction closing. Words such as "may," "will," "could," "expect," "approximately," "believe," "estimate," "future," "guidance," "outlook," and similar words or expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Forward-looking statements allow potential investors an opportunity to understand Company management’s beliefs and opinions regarding potential future outcomes, which may be used as a factor by potential investors in evaluating an investment. Although forward-looking statements are based upon what Company management believes may be reasonable future outcomes, there can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in a forward-looking statement. Therefore, such statements are not guarantees. Arteris assumes no obligation to update any forward-looking statement in this release, except as required by law. These forward-looking statements are subject to known and unknown risks and uncertainties that may cause actual results to differ materially from the Company’s current expectations. Important factors that could cause actual results to differ materially from those anticipated in the Company’s forward-looking statements include, but are not limited to, the Company’s ability to consummate the transaction(s) disclosed herein and the other factors described under the heading “Risk Factors” in the Company’s Quarterly Report on Form 10-Q for the quarter ended September 30, 2025 filed with the Securities and Exchange Commission on November 4, 2025.

© 2004-2025 Arteris, Inc. All rights reserved worldwide. Arteris, Arteris IP, the Arteris IP logo, and the other Arteris marks found at https://www.arteris.com/trademarks are trademarks or registered trademarks of Arteris, Inc. or its subsidiaries. All other trademarks are the property of their respective owners.

Investor Contacts:
Arteris Inc.
Nick Hawkins
[email protected]

Sapphire Investor Relations, LLC
Erica Mannion and Michael Funari
+1 617 542 6180
[email protected]

Media Contact:
Arteris Inc.
Gina Jacobs
+1 408 560 3044
[email protected]

This press release was published by a CLEAR® Verified individual.

The athletic gear maker has been under pressure from its founder to make changes to reverse its “loss of cool.”

Lululemon announced Thursday its CEO Calvin McDonald will step down effective Jan. 31 following a year of underperformance at the athleisure company. 

The company's board of directors is conducting a search process with a "leading executive search firm" to identify the company's next CEO, it said in a news release. McDonald will stay on as a senior advisor through March 31. 

"Serving as CEO of lululemon has been the highlight of my career, and I am incredibly proud of everything our team has accomplished over the last seven years," McDonald said in a news release. "Together, we have transformed the athletic apparel industry and the opportunity ahead for lululemon is substantial. I believe the outstanding product pipeline we've built, and action plan we've put into place, will yield positive results, and deliver value to shareholders in the months and years ahead.":

He said he is "committed to fully supporting the transition" through his advisory role.

Lululemon's business has been under pressure over the last year as it navigates the impact of tariffs, a shaky U.S. consumer and a product assortment that's failed to wow shoppers in the same way it once did. It's also facing steep competition in the athleisure space from upstarts like Vuori and Alo Yoga as well as a change in consumer preferences. Instead of yoga pants, these days many shoppers are reaching for denim. 

To drive growth and reach a wider audience, Lululemon has been working to expand its business internationally and offer shoppers a wider assortment. Instead of just workout gear, Lululemon has expanded into shoes, outerwear like coats and jackets and casual pants that can be worn at work. 

The company's overall business is growing, but that growth has primarily been driven by its international business and new store openings. Its largest market, the Americas, has been declining. 

Lululemon is also being hit by the end of the de minimis exemption, which allowed low value packages to enter the U.S. duty free, a bit more acutely than its peers. 

In September, it said it expects tariffs to hit its full year profits by $240 million and most of those costs will come from the de minimis exemption ending. 

This is breaking news. Please refresh for updates.

Split-adjusted shares expected to begin trading on January 15, 2026

Second quarter fiscal 2026 per share metrics to be reported on a split-adjusted basis

, /PRNewswire/ -- Amcor plc (NYSE: AMCR; ASX: AMC), a global leader in developing and producing responsible packaging solutions, announced today it will proceed with the 1-for-5 reverse stock split previously approved by Amcor shareholders at its annual general meeting of shareholders held on November 6, 2025. Amcor expects to file an amendment to its memorandum of association to effect the reverse stock split after the close of trading on January 14, 2026, and Amcor ordinary shares will begin trading on a split-adjusted basis on January 15, 2026. Amcor's CHESS Depositary Interests ("CDIs") will also be consolidated on a 1-for-5 basis such that one CDI continues to represent an interest in one Amcor ordinary share following the reverse stock split.

Amcor intends to present its fiscal 2026 second quarter and second quarter year to date per share metrics, including earnings per share, on a split-adjusted basis when reported in early February 2026.

When the reverse stock split is effective, every five ordinary shares of Amcor issued and outstanding or held as treasury shares as of the effective date will be automatically combined into one Amcor ordinary share. This will reduce the number of outstanding ordinary shares from approximately 2.3 billion to approximately 461 million. Concurrently with the reverse stock split, Amcor's amended memorandum of association will also proportionately reduce the number of Amcor's ordinary shares authorized for issuance and increase the par value of Amcor's ordinary shares to $0.05 per share.

No fractional shares will be issued in connection with the reverse stock split. Shareholders of record otherwise entitled to receive a fractional share as a result of the reverse stock split will receive a cash payment in lieu of such fractional shares. Unvested Amcor equity-based awards as issued under Amcor incentive plans will be proportionately adjusted.

Amcor ordinary shares will continue trading on the New York Stock Exchange (under the symbol "AMCR"), but will trade under a new CUSIP number. CDIs will continue to trade on the Australian Stock Exchange (under the symbol "AMC").

Additional information concerning the reverse stock split can be found in Amcor's definitive proxy statement filed with the Securities and Exchange Commission on September 23, 2025, as well as on Amcor's Investor Relations website, https://www.amcor.com/investors. 

Cautionary Statement Regarding Forward-Looking Statements

This Press Release contains certain statements that are "forward-looking statements" within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act. Amcor has identified some of these forward-looking statements with words like "believe," "target," "project," "may," "could," "would," "approximately," "possible," "will," "should," "expect," "intend," "plan," "anticipate," "commit," "estimate," "potential," "ambitions," "outlook" or "continue," the negative of these words, other terms of similar meaning or the use of future dates. Such statements are based on the current expectations of the management of Amcor, and are qualified by the inherent risks and uncertainties surrounding future expectations generally. Actual results could differ materially from those currently anticipated due to a number of risks and uncertainties. None of Amcor or any of its respective directors, executive officers, or advisors, provide any representation, assurance or guarantee that the occurrence of the events expressed or implied in any forward-looking statements will actually occur. Risks and uncertainties that could cause results to differ from expectations include, but are not limited to, those discussed in Amcor's disclosures described under Part I, "Item 1A - Risk Factors" in Amcor's Annual Report on Form 10-K for the fiscal year ended June 30, 2025. Forward looking statements included herein are made only as of the date hereof and Amcor does not undertake any obligation to update any forward-looking statements, or any other information in this Press Release, as a result of new information, future developments or otherwise, or to correct any inaccuracies or omissions in them which become apparent. All forward-looking statements in this Press Release are qualified in their entirety by this cautionary statement.  

ENDS

About Amcor

Amcor is the global leader in developing and producing responsible consumer packaging and dispensing solutions across a variety of materials for nutrition, health, beauty and wellness categories. Our global product innovation and sustainability expertise enables us to solve packaging challenges around the world every day, producing a range of flexible packaging, rigid packaging, cartons and closures that are more sustainable, functional and appealing for our customers and their consumers. We are guided by our purpose of elevating customers, shaping lives and protecting the future. Supported by a commitment to safety, over 75,000 people generate $23 billion in annualized sales from operations that span over 400 locations in more than 40 countries.  

NYSE: AMCR; ASX: AMC               www.amcor.com I  LinkedIn  I  YouTube

SOURCE Amcor

, /PRNewswire/ -- LightPath Technologies, Inc. (NASDAQ: LPTH) ("LightPath," the "Company," "we," or "our"), a leading provider of next-generation optics and imaging systems for both defense and commercial applications, today announced that it has commenced an underwritten public offering of shares of its Class A common stock. In addition, LightPath expects to grant the underwriters a 30-day option to purchase up to an additional 15% of shares of Class A common stock at the public offering price for the Class A common stock, less underwriting discounts and commissions. All shares of Class A common stock are being offered by LightPath. The proposed offering is subject to market and other conditions, and there can be no assurance as to whether or when the offering may be completed, or the actual size or terms of the proposed offering.

Canaccord Genuity and Craig-Hallum are acting as joint bookrunners and representatives of the underwriters for the proposed offering.

LightPath intends to use the net proceeds from the proposed offering for working capital, investments, acquisitions, and general corporate purposes.

The proposed offering is being made pursuant to a shelf registration statement on Form S-3 (File No. 333-291717) that was declared effective by the Securities and Exchange Commission ("SEC") on December 10, 2025. A preliminary prospectus supplement and accompanying prospectus relating to the proposed offering will be filed with the SEC and will be available for free on the SEC's website, located at www.sec.gov. Copies of the preliminary prospectus supplement and the accompanying prospectus relating to the proposed offering may be obtained, when available, from Canaccord Genuity, Attention: Syndication Department, One Post Office Square, Suite 3000, Boston, Massachusetts 02109, or by telephone at (617) 371-3900, or by email at [email protected], or Craig-Hallum, Attention: Equity Capital Markets, 323 North Washington Ave., Suite 300, Minneapolis, MN 55401, or by telephone at (612) 334-6300, or by email at [email protected].

This press release does 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 that state or jurisdiction.

About LightPath Technologies

LightPath Technologies, Inc. (NASDAQ: LPTH) is a leading provider of next-generation optics and imaging systems for both defense and commercial applications. As a vertically integrated solutions provider with in-house engineering design support, LightPath's family of custom solutions range from proprietary BlackDiamond™ chalcogenide-based glass materials - sold under exclusive license from the U.S. Naval Research Laboratory - to complete infrared optical systems and thermal imaging assemblies. The Company's primary manufacturing footprint is located in Orlando, Florida with additional facilities in Texas, New Hampshire, Latvia and China. To learn more, please visit www.lightpath.com.

Forward-Looking Statements

This press release includes statements that constitute forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as "forecast," "guidance," "plan," "estimate," "will," "would," "project," "maintain," "intend," "expect," "anticipate," "prospect," "strategy," "future," "likely," "may," "should," "believe," "continue," "opportunity," "potential," and other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include, without limitation, statements regarding the proposed and the intended use of proceeds. These forward-looking statements are based on information available at the time the statements are made and/or management's good faith belief as of that time with respect to future events and are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in or suggested by the forward-looking statements. Factors that could cause or contribute to such differences include, but are not limited to, market conditions, the size and terms of the offering; the likelihood that the Company will need additional capital to sustain its operations in the future and to repay indebtedness; the impact of varying demand for the Company products; the Company's reliance on a few key customers; the ability of the Company to obtain needed raw materials and components from its suppliers; the impact that international tariffs may have on our business and results of operations; the impact of political and other risks as a result of our sales to internal customers and/or our sourcing of materials from international suppliers; general economic uncertainty in key global markets and a worsening of global economic conditions or low levels of economic growth; geopolitical tensions, the Russian-Ukraine conflict, and the Hamas/ Israel war; the effects of steps that the Company could take to reduce operating costs; the inability of the Company to sustain profitable sales growth, convert inventory to cash, or reduce its costs to maintain competitive prices for its products; circumstances or developments that may make the Company unable to implement or realize the anticipated benefits, or that may increase the costs, of its current and planned business initiatives; and those factors detailed by the Company in its public filings with the Securities and Exchange Commission (the "SEC"), including its Annual Report on Form 10-K and other filings with the SEC. Should one or more of these risks, uncertainties, or facts materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated or anticipated by the forward-looking statements contained herein. Accordingly, you are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date they are made. Forward-looking statements should not be read as a guarantee of future performance or results and will not necessarily be accurate indications of the times at, or by, which such performance or results will be achieved. Except as required under the federal securities laws and the rules and regulations of the SEC, we do not have any intention or obligation to update publicly any forward-looking statements, whether as a result of new information, future events, or otherwise.

SOURCE LightPath Technologies

Bitcoin is struggling to mount a sustained recovery as two critical sources of market liquidity, stablecoin inflows to exchanges and corporate treasury buying, show signs of exhaustion.

The digital asset fell to the $88,000 range again earlier today after failing to sustain above the modest levels it managed to regain at $90,000. Before then, it had reached an all-time high of over $126,000 in October.

Why is Bitcoin struggling?
Data from CryptoQuant reveals that inflows of ERC-20 stablecoins into exchanges have dropped from $158 billion in August to around $76 billion currently.

Stablecoin inflow into exchanges on the Ethereum network. Source: CryptoQuant
The 90-day average has also declined from $130 billion to $118 billion, showing that fresh capital is not entering the market as it used to a few months earlier.

CryptoQuant analyst, Darkfrost stated, “the trend remains downward, and the slight rebounds we are seeing mainly result from reduced selling pressure rather than renewed buying interest.”

Stablecoins, which serve as the primary on-ramp for institutional and retail liquidity in crypto markets, are widely viewed as a bellwether for buying interest.

Corporate money slows for Bitcoin
The corporate treasury accumulation trend that defined much of 2025 has slowed down drastically.

Bitcoin DATs purchase record in every month of 2025. Source: CryptoQuant
While 117 new companies added Bitcoin to their balance sheets this year, only nine firms joined the ranks in the fourth quarter to date, down from 53 in the third quarter and 39 in the second.

The majority of these treasury holders maintain relatively modest positions, with 147 companies holding fewer than 500 Bitcoins.

Strategy continues to dominate the space, having acquired more BTC recently. Saylor made a splash buy of 10,624 Bitcoins for $962.7 million between December 1 and 7, bringing its total holdings to 660,624 Bitcoins.

Strategy’s Bitcoin investment by year. Source: CryptoQuant
The treasury company has added $21.48 billion worth of BTC this year and is just $500 million short of matching its $21.97 billion total throughout all of 2024.

However, recent market weakness prompted Strategy to establish a $1.44 billion cash reserve to cover dividend obligations, a defensive move that highlights growing caution in the sector.

Bitmine comes second among the treasury companies that have been acquiring BTC, although its numbers are dwarfed by Strategy’s recent buys.

In November, it acquired $892 million worth of BTC, and so far this month, it has spent $296 million on BTC according to CryptoQuant.

Bitmine BTC purchases by month. Source: CryptoQuant
Other major corporate holders have notably pulled back. Japan’s Metaplanet, which held 30,823 Bitcoins as of September, has not added to its position in over two months.

Evernorth has fallen off the map in the last six weeks after splurging $950 million on BTC this year.

Market structure under pressure
Adding to the uncertainty, Strategy faces a potential challenge from MSCI’s proposal to exclude digital asset treasury companies from its indexes, a move that could force institutional investors to unwind positions and reduce the stock’s appeal as a Bitcoin proxy.

Despite the near-term headwinds, some analysts remain constructive on Bitcoin’s prospects. CryptoQuant posted that “BTC could climb toward $99K, the lower band of the Trader Realized Price, a key resistance. Above that, the next hurdles sit at $102K and $112K.”

According to Darkfrost and other market observers, more liquidity must return to the market for Bitcoin to restart another bullish trend.

Sign up to Bybit and start trading with $30,050 in welcome gifts

Chainlink price was little changed on Thursday, despite some encouraging news regarding its exchange-traded funds and the ongoing accumulation through its Strategic LINK Reserves.

Summary

Chainlink price has formed a bullish flag pattern on the four-hour chart.
The Strategic LINK Reserves assets jumped by 84,309 tokens to over 1 million.
The Grayscale LINK ETF added assets on Wednesday.

Chainlink (LINK) was trading at $13.55 today, down from this month’s high of $14.95 and about 17% above its November low.

In a statement, the developers noted that they purchased 84,309 tokens, valued at about $1.3 million. The purchases brought the total assets in these strategic reserves to over 1 million, which is equivalent to over $15.4 million.

The purchases continued even as the network’s fees fell. Data compiled by DeFi Llama shows that Chainlink’s fees dropped to $310,280 in November, down from October’s $394,642. It made over $434,516.

Meanwhile, SoSoValue data shows the Chainlink ETF inflows resumed on Wednesday after a two-day pause. Its inflows rose by $2.5 million, bringing the total inflows to over $54 million. The Grayscale LINK ETF now has $77 million in assets, a figure that will likely continue growing.

Chainlink price wavered as the network growth continued. The network’s Cross-Chain Interoperability Protocol (CCIP) is the exclusive bridging solution for all Coinbase-wrapped assets, including cbBTC, cbDOGE, cbLTC, and cbXRP. In a statement, Josh Leavitt, a senior director at Coinbase, said:

“We chose Chainlink because they are an industry leader for cross-chain connectivity. Their infrastructure provides a reliable means to expand Coinbase Wrapped Asset offerings.”

Chainlink price technical analysis 
LINK price chart | Source: crypto.news 
The four-hour chart shows that the LINK price has rebounded in the past few weeks, moving from a low of $11.58 in November to the current $13.6.

A closer look shows the token is forming a bullish flag pattern, consisting of a flagpole and a horizontal channel. It is now hovering near the lower side of the flag.

The token has also settled at a strong pivot-reverse point on the Murrey Math Lines tool.

Therefore, the most likely Chainlink price forecast is bullish, with the initial target at the upper channel boundary at $14.95. This target also coincides with the extreme overshoot level. A move above that level will signal further gains toward the psychological level at $20.

JPMorgan Pushes Deeper Into Tokenization With Galaxy's Debt Issuance on SolanaGalaxy’s onchain debt deal, where JP Morgan acted as arranger, was settled in USDC stablecoin and backed by Coinbase and Franklin Templeton. Dec 11, 2025, 7:16 p.m.

Global bank J.P. Morgan has arranged a landmark commercial paper issuance on the Solana blockchain, in a move that pushes real-world financial instruments deeper into public blockchain infrastructure.

Commercial paper, typically issued through legacy systems, is a short-term debt tool that companies use to raise working capital. This one was structured onchain and settled using USDC, the stablecoin issued by Circle (CRCL).

STORY CONTINUES BELOW

J.P. Morgan created the onchain token representing the debt and handled the settlement. Galaxy’s investment banking arm structured the issuance. Coinbase acted both as investor and wallet provider, while Franklin Templeton, which has already created a tokenized money market fund, also invested in the token.

The move underscores the rising institutional interest to use blockchain plumbing for traditional financial instruments, also known as tokenization of real-world assets (RWA) like debt, fund or equity. The process promises efficiency gains, faster settlement, proponents say. The tokenized asset market could mushroom to $18.9 trillion by 2033, BCG and Ripple projected.

The trend has also gained support from U.S. regulators. SEC Chairman Paul Atkins has recently touted tokenization as a key innovation for capital markets, saying in a FOX Business interview last week that it has the potential to change the financial system over the next couple years.

The issuance was the latest example of J.P. Morgan's push into blockchain and tokenized assets. The bank has been an early mover, developing JPM Coin in 2019 and launching its blockchain unit, Onyx, in 2020. That division, now integrated under Kinexys, conducted blockchain-based repo trades, cross-border payments and tokenized asset settlements with partners including BlackRock and Siemens.

Read more: BMW Taps JPMorgan for First Onchain Programmable FX Payment

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Coinbase and Franklin Templeton have purchased Galaxy Digital's debt tokens in a landmark transaction executed on the Solana blockchain.

JPMorgan has arranged a commercial paper offering for a Galaxy Digital Holdings subsidiary in "one of the first debt issuances ever executed on a public blockchain," according to an announcement on Thursday.

"Today's transaction is an important step toward understanding the role blockchain will play in the future of financial markets," JPMorgan Head of Markets Digital Assets Scott Lucas said. "This trade demonstrates institutional appetite for digital assets and our capability to securely bring new instruments on-chain using Solana."

The firms did not disclose the debt issuance's size or terms.

The move marks Galaxy's first U.S. commercial paper issuance as well as the debut of the USCP token, a tokenized version of Galaxy's short-term corporate debt created by JPMorgan on Solana to facilitate the transaction. Both the issuance and redemption proceeds will be paid using Circle's USDC stablecoin, "representing another market first for the USCP market."

"The on-chain USCP format strengthens the firm’s short-term funding capabilities and opens access to a growing base of institutional investors incorporating blockchain-based money-market instruments into their portfolios," the companies wrote.

Coinbase, one of JPMorgan's closest blockchain partners, is providing private-key custody and wallet services for the newly issued USCP token and on- and off-ramp services for USDC.

Galaxy has long experimented with moving its financial operations onchain. Earlier this year, the firm issued tokenized representations of its SEC-registered stock on Solana. The firm is also one of the three major backers of the largest SOL treasury, Forward Industries (FORD), which is experimenting with blockchain-based financialization.

"This issuance is a clear example of how public blockchains can improve the way capital markets operate," Global Head of Trading at Galaxy Jason Urban said. "By bringing our first commercial paper offering on-chain and helping structure one of the earliest U.S. transactions of its kind, we’re putting into practice the model we’ve long believed in: open, programmable infrastructure that supports institutional-grade financial products."

A galaxy of experiments
Galaxy's tokenized debt is the latest in a long run of experiments in modernizing the legacy financial system. Franklin Templeton, for one, has been quite active in onchain debt issuance, primarily through tokenizing U.S. government securities.

In 2024, B2C2 became the first private corporation to issue an onchain bond, fully tokenized and managed on Ethereum, The Block was first to report. The pace of experimentation has picked up this year, often involving non-native crypto players.

In August, Singapore's second-largest bank Oversea-Chinese Banking Corp established a $1 billion digital U.S. commercial paper program using J.P. Morgan's Digital Debt Service on the bank's Kinexys blockchain. And last month, Societe Generale completed its first digital bond issuance in the U.S. using Broadridge Financial Solutions' tokenization platform on the Canton blockchain.

Guggenheim Treasury Services, a subsidiary of Guggenheim Capital, has also turned to blockchains like Ethereum and the XRP Ledger to issue commercial paper, while DBS has put structured notes on Ethereum.

Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures.

© 2025 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Zcash (CRYPTO: ZEC) jumped 12% on Thursday, breaking above short-term resistance off the back of strong bullish momentum.

Zcash Breaks Through Key Fibonacci Wall With EMAs Turning Higher

ZEC Price Action (Source: TradingView)

ZEC has retraced sharply from its $300 support base and is now testing the first major Fibonacci resistance cluster. 

The 20-, 50- and 100-day EMAs are beginning to curl upward, a sign that selling pressure is weakening and buyers are starting to regain control.

The next retracement levels define the path forward. 

Resistance sits at $459 at the 0.382 level, followed by $508 at the 0.5 mark and $556 at the 0.618 extension, which represents the largest profit-taking zone for traders. 

A clean break above $459 opens the door for a test of $508, where short-covering typically accelerates.

The Supertrend remains green at $381 and the price is decisively above it. 

A continuation through the upper resistance could trigger a trend flip, a move that historically attracts momentum-driven buyers.

Flows Turn Positive As Privacy Narrative Strengthens

Zcash On-Chain Activity (Source: Coinglass)

ZEC recorded $15.03 million in net inflows today, reinforcing the breakout's validity. 

This comes as privacy-focused cryptocurrencies outperform broader markets during regulatory scrutiny of digital transactions and identity requirements. 

Zcash is up more than 650% year-to-date, while Monero (CRYPTO: XMR) gained 93%, outpacing Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH) and Solana (CRYPTO: SOL) during several cycles in 2025.

Trading activity has surged as well. 

Zcash volumes exceeded $7 billion in November, rising more than 1,100% in three months. 

The sector's combined market cap reached $59.8 billion in Q4, driven by stronger demand for encrypted payment rails amid expanding surveillance concerns.

Investors Shift To ZCash Over Monero In Regulatory CycleFunds have shown a clear preference for Zcash because its opt-in privacy model fits more easily within compliance frameworks than enforced anonymity. 

It remains the only privacy coin with a Grayscale trust, offering institutions exposure without directly managing private keys or navigating stricter reporting risks.

Analysts say flows appear to be positioning ahead of Zcash's 2027 halving and growing expectations that regulators may favor selectively private assets while pressuring fully anonymous alternatives.

Privacy advocates described recent monitoring proposals as a "colossal breach of privacy," while others claimed, "the sooner you understand this, the sooner you'll get encrypted money," framing privacy coins as a hedge against expanding financial surveillance.

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Image: Shutterstock

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The latest analysis circulating is that the Canadian fintech analysts are becoming increasingly bullish on XRP, pointing to a surge in real-world utility that could reshape the digital payments landscape. The financial institutions have continued to adopt blockchain-based settlement systems. This growing utility has led several Canadian researchers to issue an explosive new forecast.

How XRP’s Real-world Utility Is Expanding Faster Than Market Valuations
Canada’s fintech landscape is shifting, and XRP is rapidly emerging as one of its most influential digital assets. According to a video shared by crypto analyst Skipper_xrp, a Canadian news article highlighted that XRP could become the most compelling fintech play in the entire crypto sector and that it could reach as high as $2,000 by 2027.

It is worth noting that XRP is no longer just a speculative asset in Canada. It’s now being viewed by Canadian analysts and market observers as a tangible fintech tool powering real change in cross-border payment, with a clear path to becoming a cornerstone of modern finance by 2027. The article also predicts that XRP could become the strongest fintech play in crypto.

Skipper_xrp added that RACO, which is known as the beloved raccoon-themed token, has quickly become one of the most talked-about projects and is making a splash on the XRP Ledger. While RACO is gaining traction as more users adopt it for transactions, it is emerging as a standout choice within the XRPL ecosystem. Furthermore, the RACO tokens are now officially available for community members to get early access and be part of the project’s growth.

Why The Financial Institutions Can Now Offer XRP Access With Confidence
In a major regulatory breakthrough of the Ripple Ledger, analyst Skipper_xrp has also stated that the US Office of the Comptroller of the Currency (OCC) has confirmed that the national banks are now legally permitted to conduct riskless principal transactions in crypto-assets. This riskless principal activity will open the door for the token to be used in these regulated operations and give banks a compliant way to facilitate XRP-based trades and payments.

Furthermore, with the OCC’s confirmation, US national banks can now act as intermediaries for XRP transactions in a fully regulated manner without taking any market risk. This makes it easier for institutional and retail clients to access and use XRP through trusted, regulated financial institutions. 

According to Skipper_xrp, this ruling provides regulatory clarity and gives XRP a competitive edge in the US market, making it the perfect asset for banks to integrate into their service offerings. Such a move could power increased adoption and liquidity for the asset.

XRP trading at $2.01 on the 1D chart | Source: XRPUSDT on Tradingview.com
Featured image from Adobe Stock, chart from Tradingview.com

Coinbase says millions of new on-chain assets should be accessible to all users, expanding Solana exposure through a simple in-app interface.

Ethereum (ETH) price has gradually signaled bullish sentiment in the last few days. As the fear of further crypto capitulation subsided in the recent past, the large-cap altcoin, with a fully diluted valuation of about $388 billion at press time, has recorded three consecutive weekly green candlesticks.

What’s Next for Ethereum Price?Following the gradual ETH price surge in the past three weeks, the altcoin is well-positioned to rise to the liquidity range between $3,450 and $3,500 in the coming days. Moreover, the ETH/BTC pair has signaled bullish sentiment after establishing a rising trend following a breakout of a multi-year bear market.

Crypto analyst @seth_fin on X noted that the ETH/USD pair has broken above and retested a falling logarithmic trendline. The midterm bullish sentiment for ETH will be invalidated if the ETH price consistently closes below $3,050, which will increase the odds of a drop towards $2,900.

Source: X

ETH Whales on a Buying SpreeThe midterm bullish outlook for ETH is bolstered by the mainstream adoption from institutional whale investors. Raoul Pal, CEO of Real Vision, stated during the Binance Blockchain Week 2025 that Ethereum has significantly benefited from the strong liquidity and mainstream institutional adoption.

According to onchain data from Arkham, the popular $10 billion Hyperunit whale, who made $200 million during the October 11 crypto crash, has been buying Ethereum for the past four days. At press time, this Hyperunit whale had accumulated more than $400 million in Ethereum.

Arkham data also showed that Tom Lee led BitMine purchased $112 million of ETH during the past 24 hours, thus currently holding 3,898,455 ETH valued at  $12.41 billion.

Source: Glassnode

Meanwhile, Glassnode data shows the U.S. spot Ether ETFs have resumed accumulation. If the spot ether ETFs continue to buy in the coming days, the ETH price will likely close 2025 above $4k.

Trust with CoinPedia:CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.

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TL;DR: The crypto market experienced over $400 million in leveraged position liquidations in just 24 hours. Ethereum (ETH) led the losses with $180 million liquidated, closely followed by Bitcoin (BTC) with $177 million. The catalyst was Bitcoin's rejection at the key resistance zone of $92,000–$93,000, forcing traders out.

TL;DR

Coinbase will adopt Chainlink’s Cross-Chain Interoperability Protocol (CCIP) as the exclusive bridge for all its wrapped assets, representing about $7 billion in value.
This approach enhances security and standardization for transferring tokens such as cbBTC, cbETH, and cbXRP across blockchains.
The move strengthens Chainlink’s position as a key infrastructure partner for institutional-grade interoperability and aligns with Coinbase’s expanding multi-chain strategy.

Coinbase has announced that it will route all its wrapped assets through Chainlink’s CCIP, affecting tokens including cbBTC, cbETH, cbDOGE, cbLTC, cbADA, and cbXRP. These assets collectively total roughly $7 billion. The integration designates CCIP as the sole bridging solution for Coinbase-issued wrapped tokens, providing a standardized approach to cross-chain transfers and reducing fragmentation across multiple networks.

Coinbase Consolidates Wrapped Assets on Chainlink CCIP
This initiative aligns with Coinbase’s multi-chain roadmap, which recently included a bridge linking its Base network, an Ethereum layer-2 solution, to Solana. By centralizing its bridging infrastructure, Coinbase aims to deliver a smoother and more secure experience for users moving tokenized assets across different blockchain ecosystems. The company also highlighted that this setup improves operational efficiency and reduces the potential for errors during transfers between networks.

Security Architecture Designed for Cross-Chain Stability
Coinbase highlighted the security benefits of CCIP, which leverages dual decentralized oracle networks, an independent Risk Management Network, and automated monitoring to identify anomalies before they escalate. This structure addresses weaknesses seen in other cross-chain bridges and adds an extra layer of protection for custodial and institutional assets.

CCIP’s architecture allows users to move tokens across blockchains while maintaining consistent standards and mitigating risks associated with traditional bridges. The design is particularly relevant for decentralized finance (DeFi) applications, where multi-chain exposure to wrapped assets continues to expand. Users can now rely on faster confirmation times and a more predictable transfer process thanks to the protocol’s automated validation and risk controls.

Institutional Momentum Drives Adoption
Coinbase’s integration marks a notable adoption milestone for Chainlink among institutional participants. Firms including UBS Asset Management, J.P. Morgan, and Swift have already used Chainlink infrastructure in pilot programs for tokenization, settlement, and cross-border financial messaging. By committing its entire wrapped asset ecosystem to CCIP, Coinbase reinforces Chainlink’s role as a backbone for secure, multi-chain interoperability and signals growing confidence in decentralized oracle solutions for large-scale tokenized assets.

Through this move, Coinbase users gain access to more efficient cross-chain transfers, while institutions benefit from a unified security framework, advancing the broader development of interoperable blockchain networks. 

TL;DR:

21Shares’ State of Crypto warns most Ethereum L2s may not survive past 2026 as user activity concentrates on a few dominant rollups.
Base, Arbitrum and Optimism process nearly 90% of L2 transactions while smaller rollups see a 61% usage drop, evaporating liquidity and several shutdowns.
After Dencun’s 90% fee cuts and Base’s $55 million profit, 21Shares expects consolidation around ETH aligned and exchange backed networks as stablecoins near $1 trillion.

Ethereum’s Layer 2 ecosystem is entering a brutal consolidation phase, according to a new outlook from 21Shares in its State of Crypto report, which warns that most current L2 networks are unlikely to survive beyond 2026 as user activity, liquidity and fees concentrate around a small group of dominant rollups. The report argues that two years of rapid expansion have pushed the scaling market to a breaking point, with only a handful of players showing durable traction.

Dominant rollups tighten their grip as smaller networks become ‘zombie chains’
More than 50 Ethereum L2s are competing today, but by late 2025 Base, Arbitrum and Optimism already processed nearly 90% of all L2 transactions alone handling over 60% of the total, highlighting how network effects and exchange backing are quickly squeezing smaller rollups into the margins of the ecosystem for users and developers. 21Shares describes many of these weaker chains as drifting toward “zombie” status as their relevance fades.

The numbers behind that label are stark. Usage across smaller 61% since June and liquidity has gradually evaporated, leaving some projects operating with minimal activity while others such as Kinto and Loopring shut down services altogether and Blast’s total value locked collapsed by 97%. Even major DeFi protocols like Aave and Synthetix have scaled back deployments on struggling L2s, citing poor liquidity and limited returns for users in those environments.

Competitive pressure intensified after Ethereum’s Dencun upgrade reduced data fees by around 90%, triggering aggressive fee wars that pushed most rollups into loss making territory while leaving Base as the only L2 reported to have turned a profit in 2025 with about $55 million in earnings over the year. The report expects this environment to favour “leaner, more resilient” networks that can pair strong usage with sustainable economics.

Looking ahead, 21Shares sees the scaling landscape coalescing around three pillars: Ethereum aligned designs such as Linea that route value back to the main chain, high performance contenders like MegaETH targeting near real time execution and exchange backed networks including Base, BNB Chain, Mantle and Ink, arguing that these models are best placed to capture activity as stablecoins race toward $1 trillion in circulation and AI driven finance reshapes digital asset demand. In that scenario, many experimental L2s risk being remembered mainly as short lived experiments from the first rollup boom.

21h05 ▪
4
min read ▪ by
Eddy S.

Summarize this article with:

The recent Fed rate cut has reignited speculation in the crypto market. Yet, bitcoin traders are now targeting 2026, with ambitious goals at $130,000 and $180,000 in the first quarter, rather than an immediate rebound at the end of the year.

In Brief

Bitcoin traders target $130,000 and $180,000 in Q1 2026 after the Fed rate cuts.
The Fed now directly influences the crypto market, with $40 billion monthly purchases of Treasury bills, favoring institutional accumulation of bitcoin.
2025 ends on a mixed note, but Bitcoin ETFs and expected monetary easing in 2026 suggest an explosive year.

Bitcoin Traders Temper Their Expectations for a “Santa rally“
After the recent Fed rate cut, data shows a record concentration of call options for March 2026, with strikes at $130,000 and $180,000. Additionally, the $100,000 strike for December 2025 dominates open interest, with 20,900 contracts, including 18,360 calls, i.e., 88% of the activity. This trend reflects anticipation of a gradual rise rather than an immediate rally.

Analysts believe the rebound potential is limited to $99,000 by the end of 2025 due to reduced liquidity and declining volatility. Bitcoin, currently around $89,500, has fallen 5.5% from its post-Fed peak of $94,267. Traders therefore favor patient accumulation for 2026.

Strategies like long call condors and bull call spreads dominate, indicating confidence in a measured rise. Institutions such as BlackRock and Grayscale strengthen this dynamic by massively accumulating bitcoin via their ETFs.

The Fed, a New Major Influence on the Crypto Market?
The Fed’s decision to buy $40 billion of Treasury bills per month aims to maintain liquidity in the banking system. This maneuver, though technical, indirectly supports risky assets such as bitcoin. Traders now watch the Fed’s upcoming statements, as any indication of prolonged easing in 2026 could trigger a new wave of purchases. As Gracy Chen, CEO of Bitget, believes:

Powell’s suggestion of a pause in rate cuts after December reduces political uncertainty and fosters a more stable crypto adoption long-term. Markets gain conviction when monetary direction is clear, encouraging traders to favor assets like Bitcoin rather than speculative altcoins.

A paradox persists: despite inflation still above 2%, the Fed favors support for employment, which reassures crypto markets. Current strategies, like long call condors, reflect anticipation of gradual increase but not a disorderly rally. According to Michael Saylor, banks are quietly integrating bitcoin, thus strengthening long-term confidence.

2025, a Mixed Year-End for an Explosive Bitcoin in 2026?
Bitcoin experienced a volatile 2025, peaking at $126,000 in October, followed by a correction below $90,000 in November. Traders now focus on patient accumulation in view of a 2026 rebound. Bitcoin ETFs have recorded record inflows, with more than $21 billion since Q3 2025.

The catalysts for 2026 include potential Fed monetary easing, growing institutional adoption, and a stable geopolitical context. Some analysts forecast bitcoin at $250,000 in 2026, subject to stability. Others agree on potential of $130,000 to $180,000 in Q1 2026. The coming months will be crucial to confirm these forecasts. 

Bitcoin traders have clearly indicated their strategy: 2025 ends without a “Santa rally“, but with methodical preparation for an explosive 2026. Targets at $130,000 and $180,000 thus reflect confidence in monetary policies and institutional adoption. The question is no longer whether BTC will reach these levels, but when.

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Eddy S.

The world is evolving and adaptation is the best weapon to survive in this undulating universe. Originally a crypto community manager, I am interested in anything that is directly or indirectly related to blockchain and its derivatives. To share my experience and promote a field that I am passionate about, nothing is better than writing informative and relaxed articles.

DISCLAIMER

The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.

Still, one analyst has suggested that XRP is positioned to enter a faster-than-expected growth phase, with the cross-border payments token surging “from $2 to $10” within the span of less than a year.