Latest news with #SEPA
Daily Record
a day ago
- Business
- Daily Record
Public ownership of Scottish Water is protecting West Lothian residents from bigger bills
Figures show that the average annual water bill in Scotland is £490 Fiona Hyslop MSP has highlighted how action taken by the Scottish Government is protecting residents in West Lothian from spiralling water bills. The MSP for Linlithgow has pointed to the public ownership of Scottish Water as the reason for water bills north of the border being a fifth lower on average than residents in England and Wales. Figures show that the average water bill in England and Wales is £603 this year, almost 20 per cent higher than the £490 a year average in Scotland. Fiona said: 'Following a major review into England and Wales' water industry which shows that bills will soar by over 30 per cent in the next five years, it is clear that while England's water companies are run for profit, Scotland's are run for public benefit and ensures that Scots pay far less for their water. 'By ensuring Scottish Water is in public ownership the Scottish Government have kept costs down for my constituents across West Lothian, who receive high quality water for a lower cost. 'Despite what we have heard from UK Government ministers, 87 per cent of Scotland's water environment is assessed by SEPA as having a high or good classification. 'This just goes to show that when we have the power in Scotland, we make the right decisions, and we could go so much further with the full powers of independence.'
Business Insider
a day ago
- Business
- Business Insider
VisionWave Stock (VWAV) Rockets 75% on $50M Agreement
VisionWave (VWAV) stock underwent a massive rally on Monday after the next-generation defense technology company announced a $50 million equity line agreement. This comes from a Standby Equity Purchase Agreement (SEPA), and the company also revealed a $5 million tranche funding commitment in the form of convertible notes. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. VisionWave will use the funds from this agreement to develop and deploy its AI-powered multi-domain defense solutions across autonomous aerial, ground, and maritime systems. A clause in the $5 million tranche funding prevents it from using the money to pay liabilities before its business combination, ensuring the funds are used for working capital and growth initiatives. Noam Kenig, CEO of VisionWave, said, 'This funding commitment is more than just capital — it is a validation of our business model, our mission, and the extraordinary work our team has accomplished.' VisionWave Stock Movement Today VisionWave stock was up 73.62% in pre-market trading on Monday, following a 2.17% jump on Friday. However, the shares were down 79.04% year-to-date and 78.64% over the past 12 months. This came alongside heavy trading, as some 23 million shares changed hands, compared to a three-month daily average of 147,700 units.
Cision Canada
2 days ago
- Business
- Cision Canada
VisionWave Secures Strategic $50 Million Equity Line to Accelerate AI-Driven Defense Platform
WEST HOLLYWOOD, Calif., July 28, 2025 /CNW/ -- VisionWave Holdings, Inc. (Nasdaq: VWAV) ("VisionWave" or the "Company"), a next-generation defense technology company, today announced that it has entered into a transformative funding agreement with a prominent institutional investor, securing an equity line for up to $50 million in capital through a Standby Equity Purchase Agreement (SEPA), along with a $5 million tranche funding commitment in the form of convertible notes. This financing empowers VisionWave to execute on the strategic initiatives outlined in its investor presentation including the scaled deployment of its AI-powered multi-domain defense solutions across autonomous aerial, ground, and maritime systems. Under the terms of the agreement, VisionWave has the right to sell up to $50 million in common stock over a 24-month period at its discretion, providing flexible, growth-focused capital. The investor also committed to funding $5 million through convertible notes to support immediate scaling efforts, of which, the first $3 million was funded upon entering into the funding agreement. Importantly, the $5 million tranche funding includes protective covenants which prohibit the use of proceeds to pay any pre-existing liabilities accrued before the Company's business combination. This ensures that all capital raised is strictly designated for working capital and growth initiatives, reinforcing VisionWave's forward-focused strategy. Noam Kenig, Chief Executive Officer of VisionWave, stated: "This funding commitment is more than just capital — it is a validation of our business model, our mission, and the extraordinary work our team has accomplished. With this support, we are positioned to accelerate delivery on our promises, enter new markets, and deepen engagements with defense and homeland security partners globally." Douglas Davis, Chairman of VisionWave, added: "Our business combination and public listing laid the foundation. This financing is the fuel. It provides us with the financial strength to scale operations, deliver cutting-edge technologies, and move faster than ever toward becoming a leader in intelligent defense systems. We viewed this investment as a mission to support national security innovation at a critical moment in time" The proceeds from this financing will be used for working capital, product deployment, and continued innovation across VisionWave's defense technology platforms. About VisionWave Holdings Inc. VisionWave Holdings, Inc. is at the forefront of revolutionizing defense capabilities by integrating advanced artificial intelligence (AI) and autonomous solutions across air, ground, and sea domains. Its state-of-the-art innovations— ranging from high-resolution radars and advanced vision systems to radio frequency (RF) sensing technologies are seeking to redefine operational efficiency and precision for military and homeland security applications worldwide. From tactical ground vehicles to precision weapon control systems, VisionWave leads the development of reliable, high-performance technologies that transform defense strategies and deliver superior results, even in the most challenging environments. With headquarters in the U.S. and strategic partnerships in Canada and the United Arab Emirates, VisionWave is uniquely positioned to serve global markets, offering cutting-edge defense solutions that address the evolving needs of security forces across the world. Forward-Looking Statements This press release includes "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 matters. These forward-looking statements also include, but are not limited to, statements regarding projections, estimates and forecasts of revenue and other financial and performance metrics, projections of market opportunity and expectations, the estimated implied enterprise value of the Combined Company, VisionWave Holdings' ability to scale and grow its business, the advantages and expected growth of the Combined Company, the Combined Company's ability to source and retain talent, and the cash position of the Combined Company following closing of the Business Combination, as applicable. These statements are based on various assumptions, whether or not identified in this press release, and on the current expectations of VisionWave Technologies' management and are not predictions of actual performance. These statements involve risks, uncertainties and other factors that may cause actual results, levels of activity, performance, or achievements to be materially different from those expressed or implied by these forward-looking statements. Although each of BNIX, VisionWave Technologies and VisionWave Holdings believes that it has a reasonable basis for each forward-looking statement contained in this press release, each of BNIX, VisionWave Technologies and VisionWave Holdings cautions you that these statements are based on a combination of facts and factors currently known and projections of the future, which are inherently uncertain. In addition, there are risks and uncertainties described in the definitive proxy statement/prospectus mailed to BNIX stockholders, and filed by the Combined Company with the SEC and other documents filed by the Combined Company or BNIX from time to time with the SEC. These filings may identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. BNIX, VisionWave Technologies and VisionWave Holdings cannot assure you that the forward-looking statements in this press release will prove to be accurate. These forward-looking statements are subject to a number of risks and uncertainties, including, among others, the ability to recognize the anticipated benefits of the Business Combination, costs related to the Business Combination, the risk that the Business Combination disrupts current plans and operations as a result of the announcement and consummation of the Business Combination, the outcome of any potential litigation, government or regulatory proceedings, and other risks and uncertainties, including those to be included under the heading "Risk Factors" in the definitive proxy statement/prospectus mailed to BNIX stockholders, and those included under the heading "Risk Factors" in the annual report on Form 10-K for the fiscal year ended December 31, 2024, of BNIX and in its subsequent quarterly reports on Form 10-Q and other filings with the SEC. There may be additional risks that BNIX, VisionWave Technologies and VisionWave Holdings presently do not know or that the parties currently believe are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. In light of the significant uncertainties in these forward-looking statements, nothing in this press release should be regarded as a representation by any person that the forward-looking statements set forth herein will be achieved or that any of the contemplated results of such forward-looking statements will be achieved. The forward-looking statements in this press release represent the views of BNIX, VisionWave Technologies and VisionWave Holdings as of the date of this press release. Subsequent events and developments may cause those views to change. However, while BNIX, VisionWave Technologies and VisionWave Holdings may update these forward-looking statements in the future, there is no current intention to do so, except to the extent required by applicable law. You should, therefore, not rely on these forward-looking statements as representing the views of BNIX, VisionWave Technologies and VisionWave Holdings as of any date subsequent to the date of this press release. Except as may be required by law, BNIX, VisionWave Technologies and VisionWave Holdings do not undertake any duty to update these forward-looking statements. More information about VisionWave can be found at SOURCE VisionWave Holdings, Inc
Scottish Sun
3 days ago
- Scottish Sun
‘Do NOT swim' warning at Scots beach after raw sewage pumped into water
The reason for the hazardous water has been revealed WATER DANGER 'Do NOT swim' warning at Scots beach after raw sewage pumped into water Click to share on X/Twitter (Opens in new window) Click to share on Facebook (Opens in new window) A 'DO not swim' warning has been issued after raw sewage was dumped into the sea. The Scottish Environment Protection Agency (SEPA) are aware of an ongoing pollution incident at Aberdeen. Sign up for Scottish Sun newsletter Sign up Beach-goers have been ordered not to bathe in the water due to hazardous material. The issue was caused due to an earlier power outage at Nigg Waste Water Treatment Works on Friday 25th July. A spokesperson for SEPA said: 'SEPA was made aware by the operator of an ongoing pollution incident at Aberdeen bathing water due to an earlier power outage at Nigg Waste Water Treatment Works caused by an unplanned power cut in the area. 'Although power has now been restored to the treatment works, during the power outage, screened sewage was discharged into the sea close to Aberdeen harbour. 'As a precaution, SEPA's electronic bathing water signage will remain in place to reflect the temporary guidance against paddling or bathing until SEPA are satisfied that the situation has returned to normal.' It is unclear when the water will be safe again to enter. Elsewhere Scots drinkers have been warned about fake vodka after a potentially fatal chemical was found in counterfeit bottles. Fans of popular brand Glen's Vodka have been issued with the alert after the worrying issue was flagged up. Food Standards Scotland (FSS) said it had found 35cl bottles, or a half bottle, disguised to look like genuine Glen's. A chemical known as isopropyl was found in the illegally labelled vodka, seized by the agency, which can be dangerous if consumed. The FSS said vodka containing isopropyl will taste and smell 'very different' in comparison to normal alcohol. They also said the effects of the drink would be much stronger than normal. Symptoms of isopropyl alcohol poisoning include stomach pain, vomiting, dizziness, sore head, confusion, and slow breathing. In some severe cases, FSS have warned it could lead to a coma or death. Genuine Glen's vodka has a laser-etched code imprinted on the back and base of the glass bottle. A legitimate product can also be identified by size, fill height and a bottle ID - FSS said these markings would not vary in position or detail.
Finextra
6 days ago
- Business
- Finextra
Solidgate taps Tuum for global money movements
Tuum, a next generation core banking provider, is proud to announce its partnership with Solidgate, a leading payment processing and orchestration platform, to power Solidgate Treasury – a solution that gives online businesses global access to their funds, without the traditional bottlenecks. 0 This strategic collaboration allows global digital companies to seamlessly manage cross-border payments through business accounts and cards, simplifying global B2B transactions and providing faster, more secure services for rapid growth. At the core of Solidgate Treasury lies a strong, industry-leading infrastructure and direct connection to global transfer rails, such as SEPA and SWIFT. Tuum's cutting-edge core banking platform forms the backbone, providing Treasury with necessary, ready-to-go solutions to enable money movement via multiple channels, including global transfers, card payments, and direct integrations with leading service providers in the fintech world. 'We are excited to work with such a strong network of partners to make Solidgate Treasury happen,' said Andrii Stas, PM at Solidgate Treasury. 'Thanks to Tuum's ready-to-go solutions, we can ship multiple payment rails like SEPA, SWIFT, and services like mass payouts to cards and accounts to our customers in a very short period of time.' The ability to scale and handle high volumes of transactions is crucial for Solidgate. Tuum's proven track record of powering LHV's Banking-as-a-Service platform, which supports over 200 fintechs worldwide and processes 7% of all European Instant Payments, demonstrates its ability to scale alongside growing businesses. This made Tuum the perfect partner for Solidgate to launch Treasury and support increasing transaction volumes as its merchants scale their businesses globally. Tuum's modern, cloud-native architecture, built on microservices and API-first technologies, was a key factor in Solidgate choosing Tuum as its partner. Tuum's flexibility supports Solidgate's goals for innovation in the payments space, which allows it to introduce new services and ensure secure and efficient payout infrastructure for it's clients as they expand into new markets. 'At Tuum, our mission is to provide the technological foundation that allows our partners to innovate without limits,' said Miljan Stamenkovic, Chief Revenue Officer at Tuum. 'With Solidgate's ambition to introduce Treasury for its merchants, we're proud to deliver a platform that not only supports rapid product launches but also expands its capabilities through seamless integration with best-in-class providers. This collaboration demonstrates how our flexible, API-first architecture empowers businesses to meet current market demands and scale for future growth in the evolving payments landscape.'
