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ScalaHosting To Power California State University, Sacramento With Secure, Scalable, and High-Performance Cloud Infrastructure in New Partnership
ScalaHosting's secure, scalable cloud hosting solutions will be integrated into CSUS's digital services to strengthen campus cybersecurity and infrastructure reliability. This new alliance will accelerate digital transformation in higher education. ScalaHosting, a global leader in managed cloud VPS hosting solutions, is proud to announce a multifaceted strategic partnership with California State University, Sacramento (Sac State), one of the largest public universities in California and a recognized leader in academic excellence and innovation. Through this alliance, ScalaHosting will integrate its scalable, secure cloud hosting solutions across CSUS's digital services ecosystem to strengthen its cybersecurity and enhance the performance and reliability of its infrastructure. With growing demand for educational institutions to provide always-on access to online platforms, CSUS is demonstrating its forward-thinking approach to digital infrastructure through this partnership. As one of the most respected institutions in the California State University system, the university plays a pivotal role in shaping the academic and digital experiences of thousands of learners each year. This decision to move to ScalaHosting marks a significant milestone, reinforcing the institution's dedication to delivering web hosting solutions that meet the high standards and expectations of enterprise-level organizations and public institutions. At the same time, this move underscores the university's commitment to security, performance, and long-term scalability as it supports its thousands of students, faculty, and staff. ScalaHosting brings to this partnership its enterprise-grade reliability, ironclad security, lighting fast servers, 24/7 support, and managed VPS cloud hosting. The cloud solutions provider also offers access to cutting-edge tools like Spanel, a control panel designed to reduce complexity and boost control, enabling institutions to streamline their server management without sacrificing flexibility or compliance. In accordance with the partnership, CSUS has initiated the migration of its key websites, including its Moodle LMS websites, to ScalaHosting's cutting-edge Cloud VPS platform. Chris Rusev, the CEO and co-founder of ScalaHosting and expressed his excitement about this partnership, calling it an opportunity for ScalaHosting to flex its cloud hosting and management capabilities and demonstrate how educational institutions can future-proof their digital transformation with next-generation hosting solutions. 'We are excited and honored to support CSUS in its mission to provide secure, scalable, and high-availability services for its learners, staff and faculty. CSUS's trust in us reaffirms our ability to accelerate digital transformation for higher learning by helping institutions manage their key digital resources that support course delivery and academic operations.' This strategic partnership also highlights ScalaHosting's commitment to delivering high-performance hosting environments tailored to various sectors, including education, government, and enterprise. California State University, Sacramento, joins a growing list of organizations turning to ScalaHosting to upgrade their cybersecurity and digital infrastructure with managed cloud hosting. About ScalaHosting: ScalaHosting is a U.S.-based cloud solutions provider trusted by over 1,000,000 websites worldwide. With a focus on innovation, security, and service, ScalaHosting offers fully managed cloud VPS, dedicated servers, and cutting-edge tools like SPanel, the next-generation web hosting control panel. For more information, please visit Media Contact Company Name: ScalaHosting Contact Person: Chris Rusev Email: Send Email Phone: 214 306 6818 Country: United States Website:
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Offerpad Solutions Inc. Announces Pricing of $6 Million Registered Direct Offering and Concurrent Private Placement
Offerpad Solutions Inc. ("Offerpad") (NYSE: OPAD), a leading tech-enabled platform for residential real estate, today announced that it has entered into a securities purchase agreement with a single institutional investor for the purchase and sale of 2,857,143 shares of its common stock (or common stock equivalents in lieu thereof) in a registered direct offering at a purchase price of $2.10 per share ('the Registered Offering'). In a concurrent private placement (the "Private Placement" and together with the Registered Offering, the "Offerings"), the Company also agreed to issue to the same investor warrants to purchase up to 1,428,571 shares of its common stock (the "Common Warrants"). The Common Warrants have an exercise price of $2.30 per share, will be exercisable commencing six months from the date of issuance, and will expire four years following the initial exercise date. The closing of the Offerings are expected to occur on or about July 25, 2025, subject to the satisfaction of customary closing conditions. The gross proceeds from the Offerings are expected to be approximately $6 million, before deducting placement agent fees and other estimated offering expenses. The Company expects to use the net proceeds from the Offerings for general working capital. A.G.P./Alliance Global Partners is acting as the sole placement agent for the Offerings. The Registered Offering is being made pursuant to an effective shelf registration statement on Form S-3 (File No. 333-270994) previously filed with the U.S. Securities and Exchange Commission (the 'SEC'). A prospectus supplement describing the terms of the proposed Offering will be filed with the SEC and will be available on the SEC's website located at Electronic copies of the prospectus supplement may be obtained, when available, from A.G.P./Alliance Global Partners, 590 Madison Avenue, 28th Floor, New York, NY 10022, or by telephone at (212) 624-2060, or by email at prospectus@ The private placement of the Common Warrants and the shares underlying the Common Warrants offered to the institutional investor will be made in reliance on an exemption from registration under Section 4(a)(2) of the Securities Act of 1933, as amended (the "Securities Act"). Accordingly, the securities issued in the concurrent private placements may not be offered or sold in the United States except pursuant to an effective registration statement or an applicable exemption from the registration requirements of the Securities Act and such applicable state securities laws. This press release shall not constitute an offer to sell or a solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or other jurisdiction. About Offerpad Offerpad, dedicated to simplifying the process of buying and selling homes, is a publicly traded company committed to providing comprehensive solutions that remove the friction from real estate. Our advanced real estate platform offers a range of services, from consumer cash offers to B2B renovation solutions and industry partnership programs, all tailored to meet the unique needs of our clients. Since 2015, we've leveraged local expertise in residential real estate alongside proprietary technology to guide homeowners at every step. #OPAD_IR Forward-Looking Statements This release contains 'forward-looking statements' made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements are typically preceded by words such as 'believes,' 'expects,' 'anticipates,' 'intends,' 'will,' 'may,' 'should,' or similar expressions. These forward-looking statements reflect management's current knowledge, assumptions, judgment and expectations regarding future performance or events. Although management believes that the expectations reflected in such statements are reasonable, they give no assurance that such expectations will prove to be correct or that those goals will be achieved, and you should be aware that actual results could differ materially from those contained in the forward-looking statements. Forward-looking statements are subject to a number of risks and uncertainties, including, but not limited to, risks associated with market conditions and the satisfaction of customary closing conditions related to the proposed offering and uncertainties related to the size, timing, completion, and use of proceeds from the proposed offering. For a further description of the risks and uncertainties that could cause actual results to differ from those expressed in these forward-looking statements, as well as risks relating to the Company's business in general, please refer to the Company's prospectus supplement to be filed with the SEC, and the documents incorporated by reference therein, including the Company's Form 10-K for the year ended December 31, 2024 and Form 10-Q for the quarter ended March 31, 2025. All forward-looking statements are expressly qualified in their entirety by this cautionary notice. You are cautioned not to place undue reliance on any forward-looking statements, which speak only as of the date of this release. The Company has no obligation, and expressly disclaims any obligation, to update, revise or correct any of the forward-looking statements, whether as a result of new information, future events or otherwise.
