Latest news with #NasdaqCapitalMarket
Yahoo
a day ago
- Business
- Yahoo
Socket Mobile Strengthens Balance Sheet with a Secured Subordinated Convertible Note Financing of $1.5 Million
FREMONT, Calif., June 2, 2025 /PRNewswire/ -- Socket Mobile, Inc. (NASDAQ: SCKT), a leading provider of data capture and delivery solutions for enhanced productivity, today announced completion of a secured subordinated convertible note financing of $1,500,000. The proceeds will be used to increase the Company's working capital balances. The notes have a three-year term and will mature on May 30, 2028. The interest rate on the notes is 10%, payable quarterly in cash. The holder of each note may require the Company to repay the principal amount of the note plus accrued interest at any time after May 30, 2026. The notes are secured by the assets of the Company and are subordinated to the Company's debts with Western Alliance Bank, its senior lender. The principal amount of each note is convertible at any time, at the option of the holder, into shares of the Company's common stock at a conversion price of $1.07 per share, the closing price of the common stock on the Nasdaq Capital Market on May 30, 2025, and the most recent closing price as of the closing of the financing. Participants in the financing include: Charlie Bass, Chairman of the Company's Board of Directors; Kevin Mills, the Company's Chief Executive Officer and Board Director; Lynn Zhao, the Company's Chief Financial Officer and Board Director; Bill Parnell, a Board Director; Jason Wu, the Company's Controller; Eric Glaenzer, the Company's Chief Technical Officer; and Enrico Mills, the adult son of Kevin Mills. Additional details regarding the financing will be provided in Form 8-K to be filed by the Company with the SEC. About Socket Mobile:Socket Mobile is a leading provider of data capture and delivery solutions for enhanced productivity in workforce mobilization. Socket Mobile's revenue is primarily driven by the deployment of third-party barcode-enabled mobile applications that integrate Socket Mobile's cordless barcode scanners and contactless readers/writers. Mobile Applications servicing the specialty retailer, field service, digital ID, transportation, and manufacturing markets are the primary revenue drivers. Socket Mobile has a network of thousands of developers who use its software developer tools to add sophisticated data capture to their mobile applications. Socket Mobile is headquartered in Fremont, Calif., and can be reached at +1-510-933-3000 or Follow Socket Mobile on LinkedIn, X, and keep up with our latest News and Updates. Socket Investor Contact:Lynn ZhaoChief Financial Officer510-933-3016lynn@ Socket is a registered trademark of Socket Mobile. All other trademarks and trade names contained herein may be those of their respective owners. © 2025, Socket Mobile, Inc. All rights reserved. View original content to download multimedia: SOURCE Socket Mobile, Inc.
Business Insider
4 days ago
- Business
- Business Insider
FiEE reports Nasdaq to reinstate trading of company's common stock
FiEE (MINM) announced that following a hearing before the Nasdaq Hearings Panel on May 13 the Panel issued a decision on May 29, stating that Nasdaq will reinstate trading of the company's common stock on the Nasdaq Capital Market at the open of business on Monday, June 2, under the ticker symbol 'MINM'. Rafael Li, Chief Executive Officer of FiEE, commented, 'We are honored to announce the reinitiation of trading of our common stock on Nasdaq, a significant milestone that reflects our unwavering commitment to operational excellence and strategic growth. We extend our sincere gratitude to the Nasdaq team for their prompt review and approval of our request, affirming our compliance with all applicable criteria for continued listing on the Nasdaq Capital Market. FiEE, Inc. is currently undergoing a strategic transformation aimed at capitalizing on broader market opportunities. Central to this evolution is our integrated approach, where cyber-hardened IoT connectivity converges with AI-driven content creation and audience targeting. This synergy is designed to empower Key Opinion Leaders and brands to achieve accelerated growth and deeper audience engagement. Leveraging IoT-connectivity solutions, AI and big data analytics, we are capable of delivering intelligent, multimedia and multilingual content tailored to diverse audiences. Coupling with AI targeting analysis, we enhance audience targeting capabilities, ensuring effective content placement and personalized promotions. As we advance, our focus remains on continuous innovation and strategic initiatives that drive long-term growth and shareholder value.'
Yahoo
4 days ago
- Business
- Yahoo
Wintergreen Acquisition Corp. Announces the Closing of its Initial Public Offering and Partial Exercise of Underwriter's Over-Allotment Option to Purchase Additional Units
NEW YORK, May 30, 2025 (GLOBE NEWSWIRE) -- Wintergreen Acquisition Corp. (NASDAQ: WTGUU) ('Wintergreen' or the 'Company') today announced the closing of its initial public offering of 5,595,000 units. This includes 595,000 units issued pursuant to the underwriter's partial exercise of its over-allotment option, which also closed today, May 30, 2025. The offering was priced at $10.00 per unit, resulting in gross proceeds of $55,950,000. Wintergreen's units are listed on the Nasdaq Capital Market ('NASDAQ') and began trading under the ticker symbol 'WTGUU' on May 29, 2025. Each unit consists of one ordinary share, par value $0.0001 per share, and one right entitling the holder thereof to receive one-eighth (1/8) of one ordinary share upon consummation of an initial business combination. Once the securities comprising the units begin separate trading, the ordinary shares and rights are expected to be listed on NASDAQ under the symbols 'WTG' and 'WTGUR,' respectively. Of the proceeds received from the consummation of the initial public offering (including the partial exercise of the over-allotment option) and a simultaneous private placement of 253,875 placement units to the Company's sponsor, MACRO DREAM Holdings Limited, for an aggregate purchase price of $2,538,750, a total of $56,089,875 (or $10.025 per public unit) was placed into a trust account in the United States at Wilmington Trust, National Association. The Company intends to use the net proceeds from the offering to acquire a business focused on the technology, media, and telecommunications industries. Its search for a target business will focus on companies with operations or prospective operations in the Asia Pacific region, including the Greater China region, that have advanced and highly differentiated solutions. D. Boral Capital LLC acted as sole book-running manager in the offering. Concord & Sage P.C. served as U.S. legal counsel to Wintergreen on the initial public offering, and Ogier served as Cayman Islands legal counsel to Wintergreen. Robinson & Cole LLP served as legal counsel to D. Boral Capital LLC. A registration statement on Form S-1 (File No. 333-286795) relating to these securities has been filed with the Securities and Exchange Commission ('SEC'), and was declared effective on May 28, 2025. The offering was made by means of a prospectus. Copies of the prospectus may be obtained from D. Boral Capital LLC, 590 Madison Avenue, 39th Floor, New York, NY 10022, by phone at +1 (212) 970 5150 or emailing info@ Copies of the registration statement can also be obtained by visiting EDGAR on the SEC's website at No Offer. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. About Wintergreen Acquisition Corp. Wintergreen Acquisition Corp. is a newly incorporated blank check company incorporated as a Cayman Islands exempted company (company number 409590) for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses or entities. Its search for a target business will focus on companies with operations or prospective operations in the Asia Pacific region, including the Greater China region, that have advanced and highly differentiated solutions. Forward-Looking Statements This press release may contain 'forward-looking statements' within the meaning of the Private Securities Litigation Reform Act of 1995. Statements other than statements of historical facts included in this press release may constitute forward-looking statements and are not guarantees of future performance or results and involve a number of risks and uncertainties. Actual results may differ materially from those in the forward-looking statements as a result of a number of factors, including those described in the prospectus and the Company's other filings with the SEC. The Company undertakes no duty to update any forward-looking statement made herein. All forward-looking statements speak only as of the date of this press release. Source: Wintergreen Acquisition Corp. Contact: Wintergreen Acquisition YaoChief Executive Officer and ChairmanRoom 8326, Block B, Hongxiang Cultural and Creative Industrial Park,90 Jiukeshu West Road, Tongzhou District, Beijing, PRC Wintergreen Acquisition TanCFO008613652371477
Yahoo
6 days ago
- Business
- Yahoo
Super League Enterprise, Inc. Announces Launch of Proposed Public Offering
SANTA MONICA, Calif., May 28, 2025 (GLOBE NEWSWIRE) -- Super League Enterprise, Inc. (NASDAQ: SLE) (the 'Company'), a leader in redefining how brands connect with consumers through the power of playable media, today announced that it has commenced a public offering to offer and sell securities (the 'Offering'). The Company intends to use the net proceeds from this offering for general corporate and working capital needs, and the repayment of a portion of the Company's indebtedness. The Company's Common Stock is trading on the Nasdaq Capital Market under the symbol 'SLE'. The Offering is subject to market conditions, and there can be no assurance as to whether or when the Offering may be completed, or as to the actual size or terms of the Offering. Aegis Capital Corp. is acting as the sole book-running manager for the offering on a firm commitment basis. The offering is being made pursuant to an effective shelf registration statement on Form S-3 (No. 333-283812) previously filed with the U.S. Securities and Exchange Commission (SEC) and declared effective by the SEC on December 20, 2024. A final prospectus supplement and accompanying prospectus 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 final prospectus supplement and the accompanying prospectus may be obtained, when available, by contacting Aegis Capital Corp., Attention: Syndicate Department, 1345 Avenue of the Americas, 27th floor, New York, NY 10105, by email at syndicate@ or by telephone at +1 (212) 813-1010. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. About Super League Enterprise, Inc. Super League (Nasdaq: SLE) is redefining how brands connect with consumers through the power of playable media. The Company provides global brands with ads, content, and experiences that are not only seen - they're played, felt, and remembered - within mobile games and the world's largest immersive gaming platforms. Powered by proprietary technology, an award-winning development studio, and a vast network of native creators, Super League is a one-of-a-kind partner for brands looking to stand out in culture, spark loyalty, and drive meaningful impact. In a world where attention is earned, Super League makes brands relevant - by making them playable. For more information, visit Forward-Looking Statements The foregoing material may contain 'forward-looking statements' within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, each as amended. Forward-looking statements include all statements that do not relate solely to historical or current facts, including without limitation statements regarding the Company's product development and business prospects, and can be identified by the use of words such as 'may,' 'will,' 'expect,' 'project,' 'estimate,' 'anticipate,' 'plan,' 'believe,' 'potential,' 'should,' 'continue' or the negative versions of those words or other comparable words. Forward-looking statements are not guarantees of future actions or performance. These forward- looking statements are based on information currently available to the Company and its current plans or expectations and are subject to a number of risks and uncertainties that could significantly affect current plans. These risks and uncertainties include, without limitation, risks and uncertainties related to whether or not the Company will be able to raise capital through the sale of its securities; the final terms of the proposed Offering; market conditions; satisfaction of customary closing conditions related to the Offering; the Company's ability to maintain adequate liquidity and financing sources; various risks related to the Company's business operations; and other risks and uncertainties, including those described within the section entitled 'Risk Factors' in the Company's Annual Report on Form 10-K for the year ended December 31, 2024. There can be no assurance that the Company will be able to complete the Offering on the anticipated terms, or at all. Should one or more of these risks or uncertainties materialize, or the underlying assumptions prove incorrect, actual results may differ significantly from those anticipated, believed, estimated, expected, intended, or planned. Although the Company believes that the expectations reflected in the forward-looking statements are reasonable, the Company cannot guarantee future results, performance, or achievements. Except as required by applicable law, including the security laws of the United States, the Company does not intend to update any of the forward-looking statements to conform these statements to actual results. Shannon Devine/ Mark Schwalenberg MZ North AmericaMain: 203-741-8811SLE@
Yahoo
6 days ago
- Business
- Yahoo
FAST TRACK GROUP Announces Closing of $15 Million Initial Public Offering
SINGAPORE, May 27, 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 the closing of its initial public offering of 3,750,000 ordinary shares (the 'Ordinary Shares') at a public offering price of $4.00 per share, for aggregate gross proceeds of approximately $15 million, prior to deducting underwriting discounts and other offering expenses. The Company's Ordinary Shares began trading on the Nasdaq Capital Market on May 23, 2025, under the symbol 'FTRK'. In addition, the Company has granted the underwriters a 45-day option to purchase up to an additional 562,500 Ordinary Shares at the public offering price per share, less the underwriting discount, to cover over-allotments, if any. Alexander Capital, L.P. ('Alexander Capital'), a full-service broker/dealer, acted as the lead book-running manager with Network 1 Financial Securities, Inc. acting as a co-underwriter for the offering. Loeb & Loeb LLP, Harney Westwood & Riegels Singapore LLP, and Rajah & Tann Singapore LLP served as U.S., Cayman Islands, and Singapore legal counsel to the Company, respectively, and Akerman LLP served as U.S. legal counsel to Alexander Capital for the offering. The offering is being conducted pursuant to the Company's registration statement on Form F-1, as amended (File No. 333-286542), relating to the Ordinary Shares initially filed with the U.S. Securities and Exchange Commission (the 'SEC') on September 6, 2024, and was declared effective on May 22, 2025. The offering was made only by means of a prospectus. A final prospectus relating to the offering has been filed with the SEC on May 23, 2025, and is available on the SEC's website at Copies of the final prospectus related to the Offering may be obtained from Alexander Capital, L.P., 10 Drs James Parker Blvd, Suite 202, Red Bank, New Jersey 07701, by telephone at 212-687-5650 or by email at info@ Before you invest, you should read the prospectus and other documents the Company has filed or will file with the SEC for more information about the Company and the offering. This press release shall not constitute an offer to sell or the solicitation of an offer to buy any of the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. About FAST TRACK GROUPFAST 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 media planning, PR management, technical production planning, celebrity sourcing, celebrity engagement consultancy and event manpower support, all tailored to the highest standards. Cautionary Note Regarding Forward-Looking StatementsCertain 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 RelationsJohn Yi and Steven ShinmachiGateway Group, Inc.949-574-3860FTRK@ in to access your portfolio
