Gores Holdings X, Inc. Announces the Separate Trading of its Class A Ordinary Shares and Warrants Commencing June 23, 2025
BOULDER, Colo.--(BUSINESS WIRE)--Gores Holdings X, Inc. (Nasdaq: GTENU) (the 'Company'), a blank check company sponsored by affiliates of The Gores Group, today announced that, commencing June 23, 2025, holders of the units sold in the Company's initial public offering of 35,880,000 units, which includes 4,680,000 units issued pursuant to the exercise by the underwriter of its overallotment option in full, may elect to separately trade the Class A ordinary shares and warrants included in the units. No fractional warrants will be issued upon separation of the units and only whole warrants will trade. Holders of units will need to have their brokers contact Computershare Trust Company, N.A., the Company's transfer agent, in order to separate the units into Class A ordinary shares and warrants. Those units not separated will continue to trade on the Nasdaq Global Market under the symbol 'GTENU,' and the Class A ordinary shares and warrants that are separated will trade on the Nasdaq Global Market under the symbols 'GTEN' and 'GTENW,' respectively.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy the securities of the Company, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. The offering was made only by means of a prospectus, copies of which may be obtained from Santander US Capital Markets LLC, 437 Madison Avenue, New York, NY 10022, Attention: ECM Syndicate, by email at equity-syndicate@santander.us, or by telephone at 833-818-1602.
About Gores Holdings X, Inc.
Gores Holdings X, Inc. was formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The Company's strategy is to identify, acquire and, after the initial business combination, to build a company in an industry or sector that complements the experience of its management team and can benefit from their operational expertise.
Forward-Looking Statements
This press release may include 'forward-looking statements' within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical fact included in this press release are forward-looking statements. When used in this press release, words such as 'anticipate,' 'believe,' 'estimate,' 'expect,' 'intend' and similar expressions, as they relate to us or our management team, identify forward-looking statements. Such forward-looking statements are based on the beliefs of management, as well as assumptions made by, and information currently available to, the Company's management. Actual results could differ materially from those contemplated by the forward-looking statements as a result of certain factors detailed in the Company's filings with the Securities and Exchange Commission ('SEC'). All subsequent written or oral forward-looking statements attributable to us or persons acting on our behalf are qualified in their entirety by this paragraph. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company's registration statement and preliminary prospectus for the Company's initial public offering filed with the SEC. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
27 minutes ago
- Yahoo
111, Inc. Announces First Quarter 2025 Unaudited Financial Results
Maintained Quarterly Operational Profitability Operating Expenses as a Percentage of Revenues Decreased 30 Basis Points YoY Maintained Quarterly Positive Operating Cash Flow SHANGHAI, June 19, 2025 /PRNewswire/ -- 111, Inc. ("111" or the "Company") (NASDAQ: YI), a leading tech-enabled healthcare platform company committed to reshaping the value chain of healthcare industry by digitally empowering the upstream and downstream in China, today announced its unaudited financial results for the first quarter ended March 31, 2025. First Quarter 2025 Highlights Net revenues were RMB3.5 billion (US$486.3 million), remaining relatively flat compared to the same quarter last year. Total operating expenses were RMB195.0 million (US$26.9 million), an improvement of 4.8% compared to RMB204.8 million in the same quarter of last year. As a percentage of net revenues, total operating expenses decreased by 30 basis points to 5.5% from 5.8% in the same quarter of last year, demonstrating continuous improvement in the Company's operational efficiency. Income from operations was RMB0.1 million (US$0.02 million), compared to RMB3.7 million in the same quarter of last year. As a percentage of net revenues, income from operations accounted for 0.004% this quarter as compared to 0.1% in the same quarter of last year. Non-GAAP income from operations (1) was RMB4.3 million (US$0.6 million), compared to RMB8.9 million in the same quarter of last year. As a percentage of net revenues, Non-GAAP income from operations accounted for 0.1% this quarter as compared to 0.3% in the same quarter of last year. Net cash from operating activities was RMB112.6 million (US$15.5 million), achieved another quarter of positive operating cash flow. (1) Non-GAAP income from operations represents income from operations excluding share-based compensation expenses. Mr. Junling Liu, Co-Founder, Chairman, and Chief Executive Officer of 111, commented, "In the first quarter of 2025, we successfully navigated a persistently challenging macroeconomic environment to deliver another quarter of operational profitability and positive operating cash flow. Our net revenues remained stable at RMB 3.5 billion, demonstrating the resilience of our business model amidst market headwinds. Our ability to sustain profitability is a direct result of the operational discipline and strategic focus we have cultivated across the organization." "Our relentless focus on efficiency continues to bear fruit. We achieved a notable 4.8% year-over-year reduction in total operating expenses. More importantly, as a percentage of net revenues, our operating expenses improved to 5.5%, a decrease of 30 basis points from the same period last year, highlighting our capacity for continued operational improvement. This was driven by significant double-digit reductions in both our selling and marketing expenses and technology expenses, reflecting our commitment to prudent cost management." "Looking ahead, our strategy remains centered on leveraging technology to empower the healthcare value chain. We will continue to invest strategically in AI and digital solutions to enhance our supply chain, deepen customer engagement, and pioneer a seamless, one-stop shopping experience for our partners. With our fortified financial base and a clear focus on execution, we are well-positioned to capture the immense long-term opportunities in this exciting market and build a truly defensible, next-generation platform." First Quarter 2025 Financial Results Net revenues were RMB3,529 million (US$486.3 million), representing an increase of 0.02% from RMB3,528 million in the same quarter of last year. Gross segment profit (2) was RMB195.1 million (US$26.9 million). Due to an unfavorable macroeconomic environment, gross segment profit had a 6.4% decrease year-over-year. (In thousands RMB) For the three months ended March 31,20242025YoY B2B Net RevenueProduct 3,431,1723,457,2670.8 % Service 20,83716,971-18.6 % Sub-Total 3,452,0093,474,2380.6 % Cost of Products Sold(3) 3,261,1033,288,7470.8 % Segment Profit 190,906185,491-2.8 % Segment Profit % 5.5 %5.3 % (In thousands RMB) For the three months ended March 31,20242025YoY B2C Net RevenueProduct 72,20652,312-27.6 % Service 4,2142,729-35.2 % Sub-Total 76,42055,041-28.0 % Cost of Products Sold 58,79345,437-22.7 % Segment Profit 17,6279,604-45.5 % Segment Profit % 23.1 %17.4 % (2) Gross segment profit represents net revenues less cost of goods sold. (3) For segment reporting purposes, purchase rebates are allocated to the B2B segment and B2C segments primarily based on the amount of cost of products sold for each segment. Cost of products sold does not include other direct costs related to cost of product sales such as shipping and handling expense, payroll and benefits of logistic staff, logistic centers rental expenses and depreciation expenses, which are recorded in the fulfillment expenses. Cost of service revenue is recorded in the operating expense. Operating costs and expenses were RMB3.53 billion (US$486.3 million), representing an increase of 0.1% from RMB3.52 billion in the same quarter of last year. Cost of products sold was RMB3.33 billion (US$459.5 million), representing an increase of 0.4% from RMB3.32 billion in the same quarter of last year. Fulfillment expenses were RMB93.6 million (US$12.9 million), representing an increase of 5.7% from RMB88.5 million in the same quarter of last year. Fulfillment expenses accounted for 2.7% of net revenues this quarter as compared to 2.5% in the same quarter of last year. Selling and marketing expenses were RMB67.9 million (US$9.4 million), representing a decrease of 15.5% from RMB80.4 million in the same quarter of last year. Excluding the share-based compensation expenses of RMB1.6 million for the quarter and RMB1.9 million for the same quarter last year, respectively, selling and marketing expenses as a percentage of net revenues accounted for 1.9% in the quarter as compared to 2.2% in the same quarter of last year. General and administrative expenses were RMB18.3 million (US$2.5 million), representing a decrease of 3.8% from RMB19.1 million in the same quarter of last year. Excluding the share-based compensation expenses of RMB1.9 million for the quarter and RMB2.1 million for the same quarter last year, respectively, general and administrative expenses as a percentage of net revenues accounted for 0.5% this quarter, maintaining the same as last year. Technology expenses were RMB15.5 million (US$2.1 million), representing a decrease of 15.6% from RMB18.3 million in the same quarter of last year. Excluding the share-based compensation expenses of RMB0.6 million for the quarter and RMB1.2 million for the same quarter last year, respectively, technology expenses as a percentage of net revenues accounted for 0.4% in the quarter as compared to 0.5% in the same quarter of last year. Income from operations was RMB0.1 million (US$0.02 million), compared to RMB3.7 million in the same quarter of last year. As a percentage of net revenues, income from operations accounted for 0.004% this quarter as compared to 0.1% in the same quarter of last year. Non-GAAP income from operations was RMB4.3 million (US$0.6 million), compared to RMB8.9 million in the same quarter of last year. As a percentage of net revenues, Non-GAAP income from operations accounted for 0.1% this quarter as compared to 0.3% in the same quarter of last year. Net loss was RMB7.3 million (US$1.0 million), compared to RMB2.7 million in the same quarter of last year. As a percentage of net revenues, net loss accounted for 0.2% this quarter as compared to 0.1% in the same quarter of last year. Non-GAAP net loss (4) was RMB3.2 million (US$0.4 million), compared to Non-GAAP net income of RMB2.5 million in the same quarter of last year. Net loss attributable to ordinary shareholders was RMB17.6 million (US$2.4 million), compared to RMB13.8 million in the same quarter of last year. As a percentage of net revenues, net loss attributable to ordinary shareholders accounted for 0.5% this quarter as compared to 0.4% in the same quarter of last year. Non-GAAP net loss attributable to ordinary shareholders (5) was RMB13.5 million (US$1.9 million), compared to RMB8.6 million in the same quarter of last year. As a percentage of net revenues, non-GAAP net loss attributable to ordinary shareholders accounted for 0.4% this quarter as compared to 0.2% in the same quarter of last year. (4) Non-GAAP net loss represents net loss excluding share-based compensation expenses, net of tax. Considering the impact of accretion of redeemable non-controlling interest for the first quarter 2025, non-GAAP net loss is used as a meaningful measurement of the operation performance of the Company.(5) Non-GAAP net loss attributable to ordinary shareholders represents net loss attributable to ordinary shareholders excluding share-based compensation expenses, net of tax. As of March 31, 2025, the Company held cash and cash equivalents, restricted cash and short-term investments totaling RMB556.8 million (US$76.7 million), compared to RMB518.3 million as of December 31, 2024. To date, amount of RMB1.09 billion has been included in the balances of redeemable non-controlling interests and accrued expenses and other current liabilities. This amount is owed to a group of investors of 1 Pharmacy Technology pursuant to equity investments made in 2020, as previously disclosed. 111 has received redemption requests from certain of such investors in accordance with the terms of their initial investments in 1 Pharmacy Technology. Following communication and negotiation to date, the Company has reached agreements with or received commitment letters from investors representing approximately 96.79% of the total amount to reschedule the repayments, allowing for phased repayments at extended periods, if the holders exercise their redemption rights. A portion of the redemption has already been paid upon signing of these agreements. For further details on the terms of 111's arrangements with these investors, please see "Item 5. Operating and Financial Review and Prospects—B. Liquidity and Capital Resources" in the Company's annual report for the fiscal year ended December 31, 2024. Use of Non-GAAP Financial Measures In evaluating the business, the Company considers and uses non-GAAP income from operations, non-GAAP net income (loss), non-GAAP net loss attributable to ordinary shareholders, and non-GAAP loss per ADS, as supplemental measures to review and assess its operating performance. The Company defines non-GAAP income from operations as income from operations excluding share-based compensation expenses. The Company defines non-GAAP net income (loss) as net loss excluding share-based compensation expenses, net of tax. The Company defines non-GAAP net loss attributable to ordinary shareholders as net loss attributable to ordinary shareholders excluding share-based compensation expenses, net of tax. The Company defines non-GAAP loss per ADS as net loss attributable to ordinary shareholders per ADS excluding share-based compensation expenses, net of tax per ADS. The presentation of these non-GAAP financial measures is not intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with U.S. GAAP. The Company believes that non-GAAP income from operations, non-GAAP net income (loss), non-GAAP net loss attributable to ordinary shareholders, and non-GAAP loss per ADS help identify underlying trends in its business that could otherwise be distorted by the effect of certain expenses that it includes in income from operations and net loss. Share-based compensation expenses is a non-cash expense that varies from period to period. As a result, management excludes the items from its internal operating forecasts and models. Management believes that the adjustments for share-based compensation expenses provide investors with a reasonable basis to measure the company's core operating performance, in a more meaningful comparison with the performance of other companies. The Company believes that non-GAAP income from operations, non-GAAP net income (loss), non-GAAP net loss attributable to ordinary shareholders, and non-GAAP loss per ADS provide useful information about its operating results, enhances the overall understanding of its past performance and future prospects and allow for greater visibility with respect to key metrics used by the management in their financial and operational decision-making. The non-GAAP financial measures are not defined under U.S. GAAP and are not presented in accordance with U.S. GAAP. The non-GAAP financial measures have limitations as analytical tools. One of the key limitations of using non-GAAP income from operations, non-GAAP net income (loss), non-GAAP net loss attributable to ordinary shareholders, or non-GAAP loss per ADS is that it does not reflect all items of income and expense that affect the Company's operations. Further, the non-GAAP financial measures may differ from the non-GAAP information used by other companies, including peer companies, and therefore their comparability may be limited. The Company compensates for these limitations by reconciling the non-GAAP financial measures to the most comparable U.S. GAAP measures, all of which should be considered when evaluating the Company's performance. The Company encourages you to review its financial information in its entirety and not rely on a single financial measure. Reconciliation of the non-GAAP financial measures to the most comparable U.S. GAAP measures is included at the end of this press release. Exchange Rate Information Statement This announcement contains translations of certain RMB amounts into U.S. dollars at specified rates solely for the convenience of the reader. Unless otherwise noted, all translations from RMB to U.S. dollars are made at a rate of RMB7.2567 to US$1.00, the exchange rate set forth in the H.10 statistical release of the Board of Governors of the Federal Reserve System as of March 31, 2025. Forward-Looking Statements This press release contains forward-looking statements. These statements constitute "forward-looking" statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," "target," "confident" and similar statements. Among other things, the Business Outlook and quotations from management in this announcement, as well as 111's strategic and operational plans, contain forward-looking statements. 111 may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Such statements are based upon management's current expectations and current market and operating conditions and relate to events that involve known or unknown risks, uncertainties and other factors, all of which are difficult to predict and many of which are beyond the Company's control. Forward-looking statements involve inherent risks, uncertainties and other factors that could cause actual results to differ materially from those contained in any such statements. Potential risks and uncertainties include, but are not limited to, uncertainties as to the Company's ability comply with extensive and evolving regulatory requirements, its ability to compete effectively in the evolving PRC general health and wellness market, its ability to manage the growth of its business and expansion plans, its ability to achieve or maintain profitability in the future, its ability to control the risks associated with its pharmaceutical retail and wholesale businesses, and the Company's ability to meet the standards necessary to maintain listing of its ADSs on the Nasdaq Global Market, including its ability to cure any non-compliance with Nasdaq's continued listing criteria. Further information regarding these and other risks, uncertainties or factors is included in the Company's filings with the U.S. Securities and Exchange Commission. All information provided in this press release is as of the date of this press release, and 111 does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under applicable law. About 111, Inc. 111, Inc. (NASDAQ: YI) ("111" or the "Company") is a leading tech-enabled healthcare platform company committed to reshaping the value chain of healthcare industry by digitally empowering the upstream and downstream in China. The Company provides consumers with better access to pharmaceutical products and healthcare services directly through its online retail pharmacy, 1 Pharmacy, and indirectly through its offline virtual pharmacy network. The Company also offers online healthcare services through its internet hospital, 1 Clinic, which provides consumers with cost-effective and convenient online consultation, electronic prescription service, and patient management service. In addition, the Company's online platform, 1 Medicine, serves as a one-stop shop for pharmacies to source a vast selection of pharmaceutical products. With the largest virtual pharmacy network in China, 111 enables offline pharmacies to better serve their customers with cloud-based services. 111 also provides an omni-channel drug commercialization platform to its strategic partners, which includes services such as digital marketing, patient education, data analytics, and pricing monitoring. For more information on 111, please visit: 111, Inc. UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS (In thousands, except for share and per share data) As of As ofDecember 31, 2024 March 31, 2025RMB RMBUS$ ASSETS Current assets: Cash and cash equivalents 462,289 485,73666,936 Restricted cash 56,043 71,0969,797 Short-term investments - -- Accounts receivable, net 413,101 266,58236,736 Notes receivable 78,827 94,76513,059 Inventories 1,387,403 1,342,798185,043 Prepayments and other current assets 251,994 224,21830,898 Total current assets 2,649,657 2,485,195342,469 Property and equipment, net 32,903 30,8824,256 Intangible assets, net 1,437 1,259173 Long-term investments - -- Other non-current assets 14,682 14,1431,949 Operating lease right-of-use asset 89,071 76,41010,530 Total assets 2,787,750 2,607,889359,377LIABILITIES, MEZZANINE EQUITY AND SHAREHOLDERS' DEFICITCurrent liabilities: Short-term borrowings 160,981 148,50020,464 Accounts payable 1,721,425 1,680,164231,531 Accrued expense and other current liabilities 460,173 346,01847,684 Total current liabilities 2,342,579 2,174,682299,679 Long-term operating lease liabilities 55,448 46,7026,436 Other non-current liabilities 8,961 8,6321,190 Total liabilities 2,406,988 2,230,016307,305MEZZANINE EQUITY Redeemable non-controlling interests 1,038,914 1,051,913144,957SHAREHOLDERS' DEFICIT Ordinary shares Class A 33 335 Ordinary shares Class B 25 253 Treasury shares (5,887) (5,887)(811) Additional paid-in capital 3,172,820 3,176,937437,794 Accumulated deficit (3,883,992) (3,901,641)(537,661) Accumulated other comprehensive income 74,357 74,27710,236 Total shareholders' deficit (642,644) (656,256)(90,434) Non-controlling interest (15,508) (17,784)(2,451) Total deficit (658,152) (674,040)(92,885) Total liabilities, mezzanine equity and deficit 2,787,750 2,607,889359,377 111, Inc. UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS (In thousands, except for share and per share data) For the three months ended March 31,20242025RMBRMBUS$ Net revenues 3,528,4293,529,279486,348 Operating costs and expenses: Cost of products sold (3,319,896)(3,334,184)(459,463) Fulfillment expenses (88,523)(93,566)(12,894) Selling and marketing expenses (80,360)(67,908)(9,358) General and administrative expenses (19,074)(18,341)(2,527) Technology expenses (18,309)(15,459)(2,130) Other operating income, net 1,45732445 Total operating costs and expenses (3,524,705)(3,529,134)(486,327) Income from operations 3,72414521 Interest income 1,9661,254173 Interest expense (7,982)(8,732)(1,203) Foreign exchange (loss) gain (219)426 Other loss, net (123)-- Loss before income taxes (2,634)(7,291)(1,003) Income tax expense (51)(16)(2) Net loss (2,685)(7,307)(1,005) Net loss attributable to non-controlling interest (173)1,745240 Net loss attributable to redeemable non-controlling interest 28944561 Adjustment attributable to redeemable non-controlling interest (11,206)(12,532)(1,727) Net loss attributable to ordinary shareholders (13,775)(17,649)(2,431) Other comprehensive loss Unrealized gains of available-for-sale securities, (34)-- Realized gains of available-for-sale debt securities 177-- Foreign currency translation adjustments 620(80)(11) Comprehensive loss (13,012)(17,729)(2,442) Loss per ADS: Basic and diluted (1.60)(2.00)(0.20) Weighted average number of shares used in computation of loss per share Basic and diluted 171,220,973173,119,578173,119,578 111, Inc. UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (In thousands) For the three months ended March 31,20242025RMBRMBUS$ Net cash provided by operating activities 108,438112,59915,516 Net cash provided by (used in) investing activities 29,742(1,088)(150) Net cash used in financing activities (155,471)(72,981)(10,057) Effect of exchange rate changes on cash and cash equivalents, and restricted cash 1,072(30)(4) Net (decrease) increase in cash and cash equivalents, and restricted cash (16,219)38,5005,305 Cash and cash equivalents, and restricted cash at the beginning of the period 623,548518,33271,428 Cash and cash equivalents, and restricted cash at the end of the period 607,329556,83276,733 111, Inc. Unaudited Reconciliation of GAAP and Non-GAAP Results (In thousands, except for share and per share data) For the three months ended March 31,20242025RMBRMBUS$ Income from operations 3,72414521 Add: Share-based compensation expenses 5,1714,115567 Non-GAAP income from operations 8,8954,260588 Net loss (2,685)(7,307)(1,005) Add: Share-based compensation expenses, net of tax 5,1714,115567 Non-GAAP net income (loss) 2,486(3,192)(438) Net loss attributable to ordinary shareholders (13,775)(17,649)(2,431) Add: Share-based compensation expenses, net of tax 5,1714,115567 Non-GAAP net loss attributable to ordinary shareholders (8,604)(13,534)(1,864) Loss per ADS(6): Basic and diluted (1.60)(2.00)(0.20) Add: Share-based compensation expenses per ADS(6), net of tax 0.600.400.00 Non-GAAP loss per ADS(6) (1.00)(1.60)(0.20) (6) Every one ADS represents twenty Class A ordinary shares. View original content: SOURCE 111, Inc. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
40 minutes ago
- Business Wire
Tadaweb raises $20 million to scale Small Data PAI and OSINT Operating System
LUXEMBOURG--(BUSINESS WIRE)-- Tadaweb has secured $20 million to scale its Small Data Operating System for publicly available information (PAI) and open-source intelligence (OSINT). The software-as-a-service (SaaS) platform is used by defence, national security, public safety, cyber threat intelligence and corporate security organisations across Europe and the U.S to boost the efficiency of analysts and investigators by reducing time to insight from days to minutes. Accelerating PAI and OSINT analysis productivity PAI is information found in public sources, whether in print media, online platforms, social media, public records, websites, blogs, forums, imagery, and videos. OSINT refers to the process of collecting, analysing, and disseminating publicly available data points to support decision-making. OSINT is estimated to account for between 80 and 90% of information-gathering activities carried out by law enforcement agencies and other government entities. 1 Being able to rapidly analyse PAI offers public and private sector organisations access to accurate and actionable information in markets frequently disrupted by political turmoil and economic instability. However, information overload can overwhelm even the most well-resourced organisations, making it increasingly difficult for analysts and end users to quickly surface the most valuable insights and make critical decisions. Putting humans' tradecraft first with a Small Data approach Small Data refers to the amount of information that a human can process, combining precision data points to get the right answer. Tadaweb augments human analysts' Small Data skills with an Operating System enhanced by AI that brings together a suite of products to integrate seamlessly with third-party web tools and APIs, ingesting data from PAI, commercially available information, and emerging sources. While most solutions focus solely on automation and Big Data, Tadaweb flips the model, with a solution that reduces investigation time to insight from days to minutes. This problem is widely understood in the market, and thus Tadaweb is trusted and adopted by analysts of varying levels of expertise. As a result, Tadaweb users are better equipped to meet mission-critical priorities, from reducing fraud and identifying potential threats, to minimising supply chain disruptions and mitigating financial losses. The company's customers include government agencies in defence, national security and public safety across Europe and the US, as well as private sector cyber threat intelligence and corporate security organisations. Francois Gaspard, Chief Executive Officer and co-founder of Tadaweb, said: 'Our mission is to make the world safer by empowering the human mind with the right information at the right time. Almost everyone is looking to AI for a solution. Our focus is on transparency, not delivering another black box. We embrace AI, while ensuring our solution keeps the human in control. True impact comes from putting humans in the centre. By augmenting analysts with our Small Data Operating System, we're doing just that.' Leading sector-focused investors join the team Arsenal Growth and Forgepoint Capital International led the investment, with participation from existing investor Wendel. Both Jason Rottenberg, General Partner at Arsenal Growth, and Damien Henault, Managing Director at Forgepoint Capital International, will join the Tadaweb board. The capital will advance the company's momentum, supporting product development and recruiting top talent as Tadaweb continues its worldwide expansion and go-to-market across public and private sectors. Jason Rottenberg, co-founder and General Partner at Arsenal Growth, said: 'Tadaweb has built a genuinely human-centric Operating System that is solely focused on making analysts dramatically more productive. The company is uniquely positioned to accelerate its customers' ability to harness the vast opportunities of OSINT, irrespective of their sector focus, with an ambitious team that is building an extraordinary company.' Damien Henault, Managing Director at Forgepoint Capital International, said: 'Many players claim to help organisations with OSINT, but they offer a set of features, not a fully integrated end-to-end platform. Three things attracted us to Tadaweb and how its Operating System helps analysts be more productive: its Small Data approach combined with a unique low/no-code visual query engine, the way it prioritises the human analyst, not the data, and its hyper-focused management team committed to delivering value for its customers.' This funding brings the total investment in Tadaweb to $40 million, following Wendel's initial backing of $18 million in 2023 and $2 million from angel investors in 2015. Notes to editors Sources 1 About Tadaweb Tadaweb delivers an Operating System for PAI and OSINT that augments analysts with a Small Data approach, enabling them to reach new levels of hyper-efficiency and reducing time to insight from days to minutes. Tadaweb's platform combines technology with human intuition and expertise, focusing on transparency and ethics to reshape how organisations navigate and utilise the digital world. Founded in 2011, the company is headquartered in Luxembourg with offices in Paris and London. For more information, follow Tadaweb on LinkedIn. About Arsenal Growth Arsenal Growth Equity invests in growth-stage software and tech-enabled services companies. Arsenal targets businesses with $5 to $20 million in recurring revenues that serve large markets, offer innovative solutions and are led by exceptional teams committed to building enduring value. Arsenal invests in a broad range of sectors serving mission critical functions such as AI-driven platforms, vertical SaaS, supply chain/logistics, healthcare IT, cybersecurity, edtech, national security, and regtech, amongst others. For more information, follow Arsenal Growth on LinkedIn. About Forgepoint Capital Forgepoint Capital is a leading venture capital firm that partners with transformative cybersecurity, artificial intelligence, and infrastructure software companies protecting the digital future. With the largest sector-focused investment team, over $1 billion in AUM, and an active portfolio of 40 companies, the firm brings over 100 years of collective company-building expertise and its global Advisory Council of more than 100 industry leaders to support exceptional entrepreneurs advancing innovation globally. Founded in 2015 and headquartered in the San Francisco Bay Area and London with a presence in Madrid and Paris, Forgepoint is proud to help category-defining companies reach their market potential. For more information, follow Forgepoint on LinkedIn. About Wendel Wendel is one of Europe's leading listed investment firms. Regarding its principal investment strategy, the Group invests in companies which are leaders in their field, such as ACAMS, Bureau Veritas, Crisis Prevention Institute, Globeducate, IHS Towers, Scalian, Stahl and Tarkett. In 2023, Wendel initiated a strategic shift into third-party asset management of private assets, alongside its historical principal investment activities. In May 2024, Wendel completed the acquisition of a 51% stake in IK Partners, a major step in the deployment of its strategic expansion in third-party private asset management and also completed in March 2025 the acquisition of 72% of Monroe Capital. As of March 31, 2025, Wendel manages 34 billion euros on behalf of third-party investors, and c.6.3 billion euros invested in its principal investments activity. Wendel is listed on Eurolist by Euronext Paris. Standard & Poor's ratings: Long-term: BBB, stable outlook – Short-term: A-2 Wendel is the Founding Sponsor of Centre Pompidou-Metz. In recognition of its long-term patronage of the arts, Wendel received the distinction of 'Grand Mécène de la Culture' in 2012. For more information:
Business Wire
40 minutes ago
- Business Wire
Consumers Demand Fines for Long Hold Times, 8x8 Survey Finds
LONDON--(BUSINESS WIRE)--British consumers have lost patience with long hold times — and they want companies to pay the price. That's the findings of a new Streetview survey by 8x8, Inc. (NASDAQ: EGHT), the industry's most integrated Platform provider for CX that combines Contact Center, Unified Communication, and CPaaS solutions. .@8x8 survey reveals that 62% of British consumers think companies should be penalized for long wait times #contactcenter #CX #customerexperience Share While the UK average was 62% calling for fines, Belfast was the angriest city with 66% of people wanting to see action taken, while Cardiff was the least angry with 53.9% of people calling for fines. Taken at a regional level, the data showed that across the country more than 60% agreed for action needing to be done. A number of people also believe that as companies put their prices up, customer service should also improve. Accountability for Call Delays: The Public Speaks 8x8's survey of 2,000 UK adults reveals a clear demand for better customer service: 62% support fines for poor call handling 66% of men back penalties vs. 59% of women Support rises to 66% among those 55+, vs. just 47% of 16–24 year olds Sentiment is strongest in Belfast, Edinburgh, and Manchester (65%+) Even the least frustrated cities — Cardiff, Glasgow, Nottingham — saw support above 50% 'Older consumers are probably angrier than the youth because they've spent more of their lives on hold,' said Jamie Snaddon, EMEA Managing Director at 8x8, Inc. 'On a more serious note, what makes this annoying is that this is a very solvable issue. AI and automation can handle the routine queries that make up 90% of calls, freeing up agents to focus on complex, high-value conversations.' Customers Say: If You Raise Prices, Raise Service Too The survey also found that 78% of UK consumers expect better customer service when prices go up — rising to 84% among those aged 55 and over, and 89% in Cardiff. In Belfast, not a single respondent disagreed. 'The British public plays fair and they expect fairness back,' Snaddon added. 'If prices increase, service levels should follow. This is a wake-up call for businesses: the contact centre isn't just a cost or support centre — each call is a frontline brand experience. And if you miss it, you risk losing customers, not just calls.' 8x8: Helping Businesses Answer the Call With one AI-powered platform for voice, video, chat, and contact centre, 8x8 helps organisations respond faster, work smarter, and deliver connected experiences — without the bloat. To see the full public responses or explore regional insights, visit: Other Streetview surveys, reflecting the thoughts of the UK with regards to contact centres and customer experiences, will be released over the summer. About 8x8 Inc. 8x8, Inc. (NASDAQ: EGHT) connects people and organizations through seamless communication on the industry's most integrated platform for Customer Experience – combining Contact Center, Unified Communication, and CPaaS solutions. The 8x8® Platform for CX integrates AI at every level to enable personalized customer journeys, drive operational excellence and insights, and facilitate team collaboration. 8x8 helps customer experience and IT leaders become the heartbeat of their organizations, empowering them to unlock the potential of every interaction. For additional information, visit or follow 8x8 on LinkedIn, X, and Facebook. Copyright 8x8, Inc. 8x8® is a trademark of 8x8, Inc. All rights reserved.
