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Ericsson Completes Aduna Acquisition
Ericsson announced the completion of equity investments by twelve CSPs into Aduna, establishing it as a 50:50 joint venture operational since September 2024. Aduna aims to aggregate and commercialize network APIs globally, fostering developer innovation through a unified platform. Its ecosystem includes CSPs, developer platforms, GSIs, CPaaS providers, and ISVs. This collaborative effort, leveraging Ericsson’s network platform and the partners’ telecom expertise, seeks to avoid fragmentation in network API development and drive industry growth.
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Relief Therapeutics to Merge with NeuroX, Formerly MindMaze
Relief Therapeutics will merge with NeuroX, the successor to MindMaze, in a deal valuing Relief at CHF 100M and NeuroX at CHF 1B. Relief shareholders will own approximately 9% of the combined entity, focused on AI-based digital neurotherapeutics. NeuroX, which acquired MindMaze’s assets, brings a clinically validated platform with over $350M invested. The transaction is expected to close in Q4 2025, pending approvals and customary conditions. The merger aims to create a publicly listed, AI-driven health tech enterprise.
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NWTN Inc. Announces 2025 Extraordinary General Meeting Date
NWTN Inc. will hold its Extraordinary General Meeting of Shareholders on August 12, 2025, both in person in Dubai and virtually. Shareholders as of July 16, 2025, can vote on key proposals, including a name change to “Robo.ai Inc.” and a board reshuffle featuring the removal of several directors and the nomination of a new independent director. Investors will also vote on adopting a Third Amended and Restated Memorandum and Articles of Association. NWTN urges shareholders to review all SEC filings before voting.
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Verisign Announces Secondary Offering Pricing
VeriSign announced that Berkshire Hathaway is selling 4.3 million shares of its common stock at $285.00 per share in a secondary offering underwritten by J.P. Morgan Securities. The sale aims to reduce Berkshire Hathaway’s ownership below 10%, avoiding regulatory oversight. Berkshire Hathaway has agreed to a 365-day lock-up period on its remaining shares. Underwriters have an option to purchase an additional 515,032 shares. Proceeds will go to the selling stockholders, not VeriSign.
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Sierra Madre Grants Stock Options
Sierra Madre Gold and Silver (SMDRF) granted 2,750,000 stock options at $0.73 per share to employees, directors, management, and consultants. The options have a five-year exercise window. Vesting for most options occurs in three stages: one-third immediately, one-third after six months, and the final third after twelve months. 40,000 options are allocated to Adelaide Capital, vesting quarterly over a year. The grant awaits TSX Venture Exchange approval.
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Ranger Energy Services to Launch Industry’s First Hybrid Electric Workover Rigs
Ranger Energy Services (RNGR) announced the development of the industry’s first Hybrid Double Electric Workover Rig, “ECHO,” converting existing Taylor rig designs for cost-effective electrification. Expected in Q3 2025, these rigs offer improved efficiency, safety, and potential for zero emissions when plugged into well site power. ECHO rigs feature regenerative braking, modular design, and real-time diagnostics with AI support. Both initial rigs are contracted with major U.S. operators, showcasing strong market demand for electrified solutions.
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Mountain Province Diamonds Secures Additional US$10 Million Bridge Facility
Mountain Province Diamonds (MPVD) is increasing its financial flexibility with a $10 million USD expansion of its bridge credit facility with Dunebridge Worldwide, bringing the total to $40 million USD. The “Additional Bridge Term Facility” shares the same maturity date and interest rate as the original. The deal requires shareholder approval due to Dunebridge’s related party status, using a “financial difficulty” exemption within MI 61-101. TSX conditional approval hinges on insider consideration remaining below a defined threshold.
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DAT to Acquire Flexport’s Convoy Platform
DAT Freight & Analytics is acquiring the Convoy Platform from Flexport, enhancing its freight-matching capabilities. The acquisition brings automation, fraud prevention technology, and a mobile-friendly platform to DAT One. Key Convoy Platform personnel, including Bill Driegert, will join DAT. Flexport views the sale as beneficial for the industry, DAT, and themselves, after improving and decoupling the platform. DAT aims to integrate the Convoy Platform to offer brokers automated and manual freight-matching options, while carriers benefit from streamlined load discovery and faster payments.
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Applied Industrial Technologies Announces Fiscal Q4 Earnings Release and Conference Call on August 14, 2025
Applied Industrial Technologies (AIT) will release its fiscal 2025 fourth-quarter results on August 14, 2025, before market open. An investor conference call will follow at 10 a.m. ET, accessible via webcast and phone. The call will discuss the quarter’s performance and future outlook. Replays will be available. Applied is a major industrial distributor and tech solutions provider serving diverse markets with MRO, OEM, and system install applications.
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Erayak Power Solution Group Inc. Announces Closing of $3 Million Registered Direct Offering
Erayak Power Solution Group (NASDAQ: RAYA) closed a registered direct offering, selling 30,612,246 Class A ordinary shares (or equivalents) at $0.098 per share. This generated approximately $3 million in gross proceeds before deducting fees and expenses. The offering also included pre-funded warrants priced at $0.098 with a minimal exercise price.