Azio AI Holdings, Inc. (NASDAQ: AZIO)

Azio AI Holdings, Inc. (NASDAQ: AZIO) is a technology infrastructure company focused on developing, owning and operating artificial intelligence data centers, enterprise GPU compute infrastructure, high-performance computing systems, digital power solutions and digital asset mining operations.

The company is building an integrated AI infrastructure platform designed to serve enterprise, institutional, hyperscale and government-related customers across domestic and international markets. Its operating strategy encompasses the development of AI data center capacity, the sale and distribution of enterprise-grade GPU systems and server infrastructure, GPU cloud computing, power hosting, compute leasing and strategic technology investments.

In July 2026, the company completed its merger with AZIO AI Corporation. Following the transaction, the combined company adopted the AZIO AI Holdings name and began trading on the Nasdaq Capital Market under the ticker symbol "AZIO." The rebranding aligned the company's public-market identity with its strategic focus on AI infrastructure, GPU computing and energy-supported data center development.

Through this diversified strategy, AZIO AI is working to establish multiple potential revenue streams while addressing three of the most important requirements supporting the continued expansion of artificial intelligence: computing capacity, data center infrastructure and reliable power.

AI Data Center Development

AZIO AI is advancing the development of scalable AI data center infrastructure designed to support GPU-intensive computing workloads.

The company's initial Texas platform is planned around a site with up to 500 megawatts of power availability. The campus is intended to support AI training and inference, GPU cloud computing, enterprise colocation, high-performance computing and other power-intensive technology applications.

The Texas location is situated in an area intended to accommodate large-scale industrial infrastructure, potentially reducing some of the land-use and community constraints encountered by data center projects located in densely populated urban markets.

AZIO AI's development strategy emphasizes modular infrastructure that can be deployed incrementally as customer commitments, financing, power availability and construction milestones are achieved.

Enterprise Connectivity and AT&T Agreement

In July 2026, AZIO AI executed a Master Services Agreement with AT&T to provide enterprise fiber connectivity supporting the company's planned 500-megawatt Texas AI infrastructure platform.
The agreement establishes a standardized connectivity framework intended to provide the high-capacity, low-latency network infrastructure required for AI training, inference, GPU cloud computing, enterprise colocation and high-performance computing workloads.

Under the agreement, AZIO AI has committed approximately $2.4 million for high-capacity fiber services. Management expects the framework to help streamline network deployment at the initial Texas campus and provide a repeatable operating model that could support future infrastructure expansion.

The fiber agreement represents an important development milestone because large-scale AI data centers require both substantial power capacity and reliable, high-bandwidth network connectivity to support customer workloads.

GPU Compute and Server Infrastructure

AZIO AI's GPU compute business includes the sale and distribution of enterprise GPU systems, server racks and supporting infrastructure for customers deploying artificial intelligence and high-performance computing environments.

The company is pursuing commercial opportunities involving enterprise customers, data center operators, hyperscale platforms and international infrastructure programs. Its strategy combines infrastructure sourcing, system integration, deployment coordination and customer allocation management.

This segment is intended to generate equipment and infrastructure revenue while also supporting AZIO AI's longer-term data center, hosting and recurring compute-capacity strategy.

Power Hosting and Compute Services

Power availability has become one of the principal constraints affecting the development of large-scale AI infrastructure. AZIO AI's strategy therefore integrates data center development with digital power and hosting solutions.

The company has reported entering into a Power Purchase and Hosting agreement with a GPU customer that is expected to require an initial modular buildout at the Texas property. This commercial interest provides a potential foundation for phased development as AZIO AI advances site infrastructure and customer deployment planning.

Over time, the company intends to pursue revenue opportunities from power hosting, enterprise colocation, GPU cloud computing and compute leasing as its infrastructure becomes operational.

Power Champion Infrastructure Agreement

In July 2026, AZIO AI announced a $27.9 million AI infrastructure agreement with Power Champion Investment Limited. The agreement involves a capacity reservation that may scale to as much as $100 million as deployment expands.

AZIO AI has reported receiving initial deposits under the agreement, representing early commercial validation of its infrastructure pipeline. The agreement supports the company's strategy of aligning infrastructure development with identifiable customer demand and staged deployment commitments.

The timing and ultimate value of any expanded deployment will depend on customer performance, financing, infrastructure availability and other customary commercial and development conditions.

Digital Power and Digital Asset Infrastructure

In addition to AI data centers and GPU computing, AZIO AI's broader platform includes digital power solutions and company-operated digital asset mining infrastructure.

These operations are intended to provide the company with additional opportunities to monetize available computing equipment and power capacity while larger AI data center projects progress through their development and deployment stages.

The company's diversified model is designed to provide flexibility in allocating infrastructure among AI computing, hosting, enterprise colocation and digital asset workloads based on customer demand and market conditions.

Market Opportunity

The rapid adoption of generative AI, large language models, advanced analytics and AI-enabled enterprise applications is driving significant demand for GPU systems, data center capacity, network infrastructure and electrical power.

AI workloads require substantially greater computing density and power consumption than many traditional data center applications. As enterprises and governments expand their AI capabilities, infrastructure providers must address constraints involving GPU availability, energy capacity, high-speed connectivity, cooling and deployment timelines.

According to IDC figures cited by the company when announcing the completion of its merger, global AI infrastructure-related spending was projected to reach approximately $487 billion in 2026 and exceed $1 trillion by 2029.

AZIO AI is positioning itself within this expanding market through an integrated strategy combining GPU distribution, AI data center development, enterprise connectivity, digital power and customer hosting arrangements.

Growth Strategy

AZIO AI's growth strategy centers on several principal initiatives:

• Advancing phased development of its planned Texas AI data center platform.
• Establishing the power and fiber infrastructure required to support AI and high-performance computing workloads.
• Securing customer commitments and capacity reservations ahead of major infrastructure deployments.
• Expanding enterprise GPU system and server infrastructure sales.
• Developing recurring revenue opportunities through power hosting, colocation, GPU cloud computing and compute leasing.
• Pursuing strategic technology investments, commercial partnerships and selected infrastructure opportunities in domestic and international markets.
• Using modular construction and staged capital deployment to align infrastructure expenditures with contracted or identifiable customer demand.

Leadership Team

Chris Young serves as Chief Executive Officer and Chairman of AZIO AI Holdings. He has nearly two decades of experience as an entrepreneur, operator, early-stage investor and strategic advisor involved in building and advising technology and consumer-focused businesses. Before completion of the merger, he served as Chief Executive Officer and Chairman of AZIO AI Corporation.

Sir Elgin Tracy serves as Chief Operating Officer of AZIO AI Holdings and is involved in advancing the company's infrastructure development and operational strategy. His responsibilities include supporting the development of AZIO AI's Texas platform, enterprise connectivity framework and scalable infrastructure deployment model.

BOXABL Inc. (NASDAQ: BXBL)

BOXABL Inc. (NASDAQ: BXBL) is a technology company focused on transforming residential construction through a factory-built, modular housing system designed for scale. By shifting homebuilding from traditional on-site processes to controlled manufacturing environments, the company aims to introduce a more standardized, efficient and repeatable approach to housing production. Its model integrates design, engineering and manufacturing into a unified system intended to improve speed, cost predictability and overall accessibility.

The company's approach is rooted in addressing persistent structural challenges across the housing market, including affordability constraints, regulatory complexity and declining construction productivity. BOXABL's platform is designed to streamline the building process by reducing reliance on fragmented workflows and enabling consistent output through automation and standardized components. This system-level strategy is intended to support a wide range of housing applications while improving efficiency across the value chain.

The company is headquartered in Las Vegas, Nevada.

Products

BOXABL's product platform is built around a modular housing system designed for factory production, transportation efficiency and on-site deployment. Its core innovation is a folding building structure that allows homes to ship compactly on standard trailers and then unfold on-site into full residential units. This approach is intended to convert homebuilding into a repeatable manufacturing process with consistent quality and predictable costs.

The company's flagship product line is the Casita, a fully finished modular home offered in multiple configurations, including studio, one-bedroom and two-bedroom layouts. Each unit includes a full kitchen, bathroom, and living space and can be delivered as a turnkey solution with financing and installation depending on the program. BOXABL also offers the Baby Box, a smaller unit built to RV code and designed for simpler setups without traditional foundation requirements, expanding accessibility and deployment flexibility.

The same modular system is designed to scale beyond individual units into larger residential and commercial applications, including single-family homes, townhomes, multifamily housing, hotels and mixed-use developments. BOXABL supports these applications through a 400,000-square-foot factory complex in Las Vegas, where it has produced more than 800 homes to date, and through a diversified go-to-market strategy that includes homeowners, builders, developers, commercial partners, and public sector deployments.

Market Opportunity

BOXABL is targeting a large and structurally undersupplied housing market, which the company estimates at approximately $2.2 trillion in total addressable demand. This figure is based on an estimated need for more than 5.4 million homes, including a 4.03 million unit shortfall combined with approximately 1.36 million annual housing starts at a median price point of around $405,000.

Within this broader market, the company focuses on the modular and manufactured housing segment, representing a serviceable addressable market of approximately $36 billion, based on roughly 103,000 manufactured homes shipped in 2024. BOXABL estimates its initial serviceable obtainable market at approximately $1 billion, based on a single-factory production capacity of 5,000 homes per year and an average turnkey price of approximately $175,000 per unit.

The company also highlights several structural drivers supporting demand, including affordability challenges affecting approximately 75% of U.S. households, a housing shortfall estimated at 4.7 million units, and regulatory burdens that can increase construction costs by roughly 42%. Additionally, construction productivity has declined significantly since 1970, reinforcing the potential need for alternative approaches that emphasize standardization and factory-based production.

Leadership Team

Paolo Tiramani, Co-Founder and Co-Chief Executive Officer, is an American entrepreneur with backgrounds in industrial design and mechanical engineering and has been associated with more than 150 patent filings, including work involving intellectual property licensing to Fortune 500 companies.

Galiano Tiramani, Co-Founder and Co-Chief Executive Officer, is a serial entrepreneur with experience in cryptocurrency arbitrage, Bitcoin ATM operations and agricultural ventures, contributing to the company's focus on unconventional business models and emerging opportunities.

Kyle Denman, Co-Founder and Chief Product Officer, holds a Bachelor of Science in Mechanical Engineering and has contributed to numerous civil and automotive mechanical patent filings, supporting the development of BOXABL's modular engineering platform.

Martin Costas, Chief Financial Officer, has held senior finance roles across organizations including Honeywell, Schlumberger, Nexans, Sysco and PwC, bringing experience in financial operations, reporting and corporate scale.

Shan Palaniappan, Chief Technology Officer, has more than two decades of experience in enterprise software and platform engineering, with prior leadership roles at Sagent, DataRobot and Salesforce, where he focused on cloud infrastructure and AI-enabled systems.

D-Wave Quantum Inc. (NASDAQ: QBTS)

D-Wave Quantum Inc. (NASDAQ: QBTS) is a leader in quantum computing systems, software and services focused on delivering value to our customers via practical quantum applications for problems such as logistics, artificial intelligence, materials sciences, drug discovery, scheduling, fault detection and financial modeling. As the only provider building both annealing and gate-model quantum computers, the company is unlocking commercial use cases in optimization today, while building the technologies that will enable new solutions tomorrow. Founded in 1999, D-Wave is the world's first commercial supplier of quantum computing solutions.

D-Wave is a pioneer in quantum computing, with a history of delivering the world's first commercial quantum computer; the first real-time quantum cloud service; countless hardware and software product and research milestones; and the planned first cross-platform quantum solution which will deliver both annealing and gate-model quantum computers to customers via an integrated platform. Its current commercial product offerings include: Advantage™ (fifth generation quantum computer), Leap™ (quantum cloud service), Launch™ (quantum computing onboarding service), Ocean™ (full suite of open-source programming tools) and Quantum QuickStart™ (quantum programming training).

D-Wave's relentless pursuit of practical quantum computing has resulted in the technology being used today by some of the world's most advanced enterprises – our customers include more than two dozen of the Forbes Global 2000 companies.

D-Wave's commercial customers include blue-chip industry leaders like Volkswagen, Mastercard, Deloitte, ArcelorMittal, Siemens Healthineers, Unisys, Accenture, BBVA, NEC Corporation, Pattison Food Group Ltd., DENSO and Lockheed Martin. The company owns one of the largest quantum computer intellectual property portfolios in the industry including more than 210 issued U.S. patents. In addition, it has published more than 100 peer-reviewed papers in leading scientific journals.

Advantage™ Quantum Computer

With the Advantage™ Quantum Computer, D-Wave has incorporated two decades of experience and over 10 years of customer feedback to create the first and only quantum computer designed for business applications. The platform features a new processor architecture with over 5,000 qubits and 15-way qubit connectivity. This is 2.5x more connections and more than double the number of qubits than the company's previous generation quantum computer.

D-Wave's quantum computers, first located at the company's facilities in British Columbia, Canada, have been available to North American users through its Leap™ quantum cloud service since 2018. Over the last two years, D-Wave has since introduced new Advantage systems located in Julich, Germany and Marina Del Rey, California, which marked the availability of the first Advantage quantum computer physically located in the United States. This system is part of the USC-Lockheed Martin Quantum Computing Center (QCC) hosted at USC's Information Sciences Institute (ISI), a unit of the University of Southern California's prestigious Viterbi School of Engineering.

Leap Quantum Cloud Service

D-Wave's customers interface with the Advantage quantum computer through the Leap™ quantum cloud service. Leap delivers immediate, real-time access to the company's Advantage quantum computer and quantum hybrid solver service, all with enterprise-class performance and scalability.

Leap allows developers proficient in Python to get started building and running quantum applications. Through a seamless and secure cloud-based connection, users can easily start solving complex problems of up to 1 million variables and 100,000 constraints.

Using Leap, D-Wave customers have developed quantum hybrid applications for use cases in manufacturing, logistics, financial services, life sciences, materials science, retail and transportation. By eliminating the need to wait hours, days, or even weeks, to get good answers to a broad array of problems, D-Wave is helping businesses accelerate solutions to their complex computing problems.

The Leap quantum cloud service is available directly from D-Wave and also in AWS Marketplace.

D-Wave Launch

D-Wave Launch™ is the company's onboarding platform aimed at helping businesses easily start their quantum journey. Through this program, D-Wave's team of experts and partners aid enterprises in identifying best use cases for quantum and work with them to develop a proof of concept and a production pilot.

From there, the team coordinates with customers to get their hybrid quantum applications up and running, providing ongoing Leap quantum cloud access to ensure the application is operating smoothly and delivering real business value.

Target Verticals

While the potential applications for quantum computing are essentially limitless, D-Wave has identified a number of industry verticals as key areas of focus for its quantum architecture, providing case studies for each. These include:

• Manufacturing – D-Wave worked with Volkswagen to identify a commercial optimization application, the binary paint shop problem, which was run on D-Wave's hybrid solver service. The solver outperformed four purely classical methods on problem sizes at commercial scale (N=3,000).
• Life Sciences – Menten AI makes use of D-Wave quantum computing to assist in the design of novel therapeutic peptides—short strings of amino acids that can act as potent drugs. With the rise of COVID-19, D-Wave's Advantage system made it possible to identify molecules that might be especially well-suited for binding and inhibiting the related spike protein, producing several promising peptide designs.
• Finance – Multiverse Computing, a leader in developing quantum solutions for the financial sector, leveraged D-Wave's hybrid solver service in a collaboration with BBVA, one of the world's largest financial institutions. Multiverse helped BBVA with financial portfolio optimization, using D-Wave's quantum technology to identify a portfolio with 15% risk that yielded a 60% return on investment.
• Logistics – SavantX is using the D-Wave Advantage system to optimize operations at the Port of Los Angeles. By using our quantum technology, SavantX improved cargo handling efficiency at Pier 300 with rubber tyred gantry (RTG) cranes by 60%, and the turnaround time for the trucks picking up those cargo containers by 12%

Market Opportunity

The quantum computing total addressable market is projected by the Boston Consulting Group to grow to between $450 billion and $850 billion over the next 15 to 30 years. For quantum hardware, software and service providers, the near-term TAM (3 to 5 years) is expected to be $400 million to $1 billion, growing to $90 billion to $170 billion over the long-term (15-30 years). Driving factors behind this growth include rising investments in quantum computing tech by governments and an increasing number of commercial use-cases.

Forward-thinking organizations see quantum as an opportunity to move ahead of the competition. From finding efficiencies and reducing waste to decreasing time to solution and solving problems abandoned due to complexity, the business value is real. According to data from Hyperion Research, 80% quantum early adopters are planning to increase their commitment to quantum in the next two to three years, and one-third are planning to invest at least $15M USD in quantum efforts.

D-Wave is strategically positioned – in an industry with significant barriers to entry – as evidenced by a decades-long track record serving a roster of blue-chip customers. The company is singularly focused on helping its customers achieve clear value by leveraging quantum computing in practical business applications. As one of very few quantum companies with a full stack of systems, software, developer tools and services, D-Wave is working to enable enterprises, governments, developers and researchers to access the power of quantum computing, thereby providing an intriguing opportunity for prospective investors.

Prior to listing on the NYSE in August 2022, D-Wave raised over $300 million as a private company with significant investors including PSP Investments, Goldman Sachs, BDC Capital, NEC Corporation, Aegis Group Partners and In-Q-Tel.

Leadership Team

Dr. Alan Baratz has served as the CEO of D-Wave since 2020. Previously, as Executive Vice President of R&D and Chief Product Officer, he drove the development, delivery, and support of all of D-Wave's products, technologies, and applications. Dr. Baratz has over 25 years of experience in product development and bringing new products to market at leading technology companies and software startups. As the first president of JavaSoft at Sun Microsystems, he oversaw the growth and adoption of the Java platform from its infancy to a robust platform supporting mission-critical applications in nearly 80 percent of Fortune 1000 companies. He has also held executive positions at Symphony, Avaya, Cisco, and IBM. Dr. Baratz holds a doctorate in computer science from the Massachusetts Institute of Technology.

John Markovich has served as D-Wave's CFO since 2021. He brings over 25 years of experience serving as CFO for rapidly growing private and public technology companies across all stages of development. Mr. Markovich has directed the finance, accounting, tax, treasury, M&A, legal, operations, customer service, IR, HR, and IT functions for companies ranging from privately held pre-revenue startups to an NYSE-listed Fortune 500 multi-national company with over $1.2 billion in annual revenue. During his career, he has negotiated and closed over 150 debt, equity, M&A, and joint venture transactions exceeding $2.5 billion in value. Mr. Markovich holds a BS in Business from Miami University and an MBA from the Michigan State Graduate School of Business.

Greenland Mines Ltd. (NASDAQ: GRML) (FSE: HK6)

Greenland Mines Ltd. (NASDAQ: GRML) (FSE: HK6) is focused on the exploration and development of mineral assets in Greenland. Through its mining division, the company is advancing the Skaergaard Project in southeast Greenland while also pursuing the acquisition of the Sarfartoq rare earth project in southwest Greenland. Together, these assets provide exposure to precious metals, critical metals and rare earth elements within a jurisdiction that has attracted growing interest as governments and industries seek to diversify strategic mineral supply chains.

The company's strategy centers on building a North Atlantic critical minerals platform that links resource development in Greenland with downstream processing, logistics infrastructure and industrial markets in Europe and North America. In June 2026, Greenland Mines expanded that strategy through a strategic investment in AnorTech Inc., providing exposure to sustainable alumina, high purity alumina and related industrial materials opportunities in Greenland. In addition to advancing its mineral assets, Greenland Mines has established relationships and initiatives designed to support future project development, including environmental studies, metallurgical work, infrastructure planning and downstream processing opportunities.

Greenland Mines also maintains a biotechnology division focused on developing therapies for neurodegenerative and age-related disorders. Supported by an experienced team spanning mining, geology, biotechnology and capital markets, the company is pursuing opportunities across both natural resources and life sciences.

The company is headquartered in Charlotte, North Carolina.

Mining

Greenland Mines' mining division is centered on advancing the Skaergaard Project while pursuing the acquisition and development of the Sarfartoq rare earth project. The company has also made a strategic investment in AnorTech Inc., a Greenland-focused resource and technology company advancing sustainable alumina and high purity alumina opportunities. Together, these initiatives form the foundation of Greenland Mines' North Atlantic critical minerals strategy.

Skaergaard Project

The Skaergaard Project is Greenland Mines' flagship mineral asset located in southeast Greenland. The project hosts a stratiform palladium-gold-platinum deposit within the Skaergaard Intrusion and, according to the project's NI 43-101 Technical Report effective Nov. 22, 2022, contains an Indicated Mineral Resource of 11.4 million ounces palladium equivalent ("PdEq") within 159 million tonnes grading 2.23 g/t PdEq and an Inferred Mineral Resource of 14.1 million ounces PdEq within 205 million tonnes grading 2.14 g/t PdEq. Greenland Mines reports that approximately $30 million has been invested in the project since the 1990s, including approximately 45,000 meters of diamond drilling and channel sampling.

Greenland Mines controls three mineral exploration licenses covering approximately 877 square kilometers at Skaergaard and is advancing environmental, metallurgical and technical studies to support future development. The company has stated plans to pursue additional drilling, resource expansion and evaluation of potential critical-metal byproducts while also exploring downstream processing opportunities through initiatives in Iceland, including agreements related to the Helguvík industrial area that support its broader North Atlantic critical minerals strategy.

Sarfartoq Project

In May 2026, Greenland Mines entered into a definitive agreement to acquire Neo North Star Resources, Inc., owner of the Sarfartoq rare earth project in southwest Greenland. The project covers approximately 687 square kilometers and is centered on a large carbonatite complex that hosts rare earth mineralization. Its most advanced area, the ST1 Zone, contains a legacy NI 43-101 compliant Preliminary Economic Assessment-stage Mineral Resource estimate of 5.9 million tonnes of Indicated resources grading 1.8% total rare earth oxides ("TREO"), supported by extensive drilling, metallurgical testing, engineering studies and environmental work.

Sarfartoq is focused on magnet rare earth elements including neodymium and praseodymium, which are used in permanent magnets for electric vehicles, wind turbines, defense systems and other advanced technologies. Greenland Mines has highlighted the project's infrastructure advantages, ongoing environmental studies and development potential, while an associated agreement with Neo Performance Materials provides offtake rights covering up to 60% of future production following completion of the acquisition.

Biotech

In addition to its mining activities, Greenland Mines operates a biotechnology division that includes KLTO-202, a gene therapy candidate with a primary indication for amyotrophic lateral sclerosis ("ALS"). The division is focused on developing biologic, cell and gene therapies targeting neurodegenerative and age-related disorders and is pursuing opportunities to advance and expand its therapeutic portfolio.

Market Opportunity

Rare earth elements and platinum group metals play important roles across industrial, energy, transportation and defense markets. Neodymium and praseodymium are key components in permanent magnets used in electric vehicles, wind turbines, robotics and high-efficiency motors, while palladium and platinum support a range of industrial and technology-related applications. As governments and manufacturers seek to strengthen access to strategic materials, critical minerals have become an increasing focus of industrial development and supply-chain planning.

Global demand for rare earth elements is projected to increase from approximately 59,000 tonnes in 2022 to 176,000 tonnes by 2035, according to McKinsey & Company. The global rare earth elements market, valued at approximately $3.95 billion in 2024, is forecast to reach $6.3 billion by 2030, according to Grand View Research. These trends are being driven by growing demand from electrification, renewable energy and advanced manufacturing industries.

China currently controls a significant portion of global rare earth mining and processing capacity, contributing to efforts across North America and Europe to establish alternative critical minerals supply chains. Through the Skaergaard Project and the pending acquisition of the Sarfartoq Project, Greenland Mines is building exposure to platinum group metals and magnet rare earth elements while advancing its strategy to support a North Atlantic critical minerals corridor linking Greenlandic resources with downstream processing, logistics infrastructure and industrial markets.

Leadership Team

Dr. Joseph Sinkule, Founder, Chief Executive Officer, Director and Chairman of the Board, has more than 40 years of experience in drug, biologic and medical-device research, development and commercialization. He has successfully managed multiple products through FDA approval and commercialization, founded numerous ventures and led financing, development and operational activities across pharmaceutical and biotechnology organizations. He also serves on corporate boards and advises investment firms and life sciences companies.

Jeffrey LeBlanc, Chief Financial Officer, brings more than two decades of experience in financial management, investing, advisory services and entrepreneurship. He is the co-founder of Winvest Acquisition Corp. and previously founded Out of Print, which was acquired by Penguin Random House in 2017. His prior experience includes investment roles at Greenlight Capital and GE Capital, as well as consulting work at McKinsey & Company. He holds an MBA from Harvard Business School and a Bachelor of Science in Chemical Engineering from MIT.

Dr. Bo Møller Stensgaard, President, has more than 20 years of experience in mineral exploration and natural resource development across Europe and the Arctic. A geologist with a PhD in economic geology, he previously served as a Senior Research Scientist at the Geological Survey of Denmark and Greenland and has led both public and private resource companies. His experience includes project advancement, permitting, environmental and social impact assessments, stakeholder engagement, investor relations and strategic advisory work related to European raw materials policy and funding.

Perpetuals.com Ltd. (NASDAQ: PDC)

Perpetuals.com Ltd. (NASDAQ: PDC) is a publicly traded digital market infrastructure company enabling derivatives trading through a compliant, API-driven platform. Built as infrastructure rather than a balance-sheet exchange, the company provides brokers, institutions, and trading venues with access to crypto and tokenized derivatives while avoiding custody, credit, and counterparty exposure by design.

The platform addresses a structural gap created as demand for leveraged digital asset exposure has outpaced the availability of compliant market infrastructure, particularly in Europe. Regulatory constraints limit how traditional brokers can legally offer crypto leverage, while many existing trading venues operate outside regulated frameworks. Perpetuals is designed to function within these constraints by combining institutional-grade execution, real-time settlement, and structured product capabilities through infrastructure intended for use by regulated market participants.

By operating as an infrastructure-first trading venue and provider, Perpetuals enables market participants to access derivatives through transparent and auditable systems rather than offshore alternatives.

Platform & Infrastructure

Perpetuals operates a hybrid exchange built on proprietary infrastructure designed to support integration with EU Multilateral Trading Facility (MTF)–regulated entities, subject to applicable regulatory approvals. The platform is designed as institutional trading infrastructure, incorporating a high-speed matching engine, real-time settlement, built-in compliance and surveillance, and a hybrid architecture that delivers centralized exchange performance with blockchain-based transparency.

The platform is API-native by design, enabling direct integration with CFD brokers, institutional counterparties, and trading venues. Through turnkey APIs, partners can integrate order routing, execution, structured product issuance, market data, settlement, risk management, and compliance reporting, while the platform is designed to avoid custody of client assets and balance-sheet exposure. This infrastructure-first model allows Perpetuals to function as a technology and infrastructure provider to trading venues rather than acting as a trading counterparty.

On top of this infrastructure, the platform is designed to support crypto spot trading, perpetual futures, futures, options, swaps, and tokenized structured products, including knock-out instruments intended to operate within European regulatory constraints. Perpetuals also incorporates a prediction and insight engine designed to reward accurate market signals while generating datasets used to refine pricing, risk parameters, and trading intelligence across its structured products.

Market Opportunity

Perpetuals operates at the intersection of several large and converging markets, including crypto derivatives, CFD brokerage technology, and tokenized financial products. The global crypto perpetual futures market processes approximately $2.18 trillion in monthly trading volume, while Europe's CFD market generates roughly $17.34 trillion in monthly notional volume from approximately 4.9 million active retail accounts.

European regulatory frameworks restrict CFD brokers from legally offering high-leverage crypto products, creating a significant gap between trader demand and compliant market access. As a result, demand for crypto leverage has outpaced the availability of regulated infrastructure capable of serving brokers and institutional participants. This dynamic has left a large segment of retail and professional trading activity without compliant, onshore solutions.

Perpetuals addresses this gap by enabling knock-out and structured products that allow leveraged crypto exposure without breaching leverage caps. In parallel, the emergence and adoption of tokenized financial instruments and real-world assets have increased demand for compliant, multi-asset trading venues. By providing infrastructure designed for use within MTF-regulated environments and supporting tokenized issuance and trading, Perpetuals enables participation in the ongoing institutional adoption of digital asset markets without reliance on offshore systems.

Leadership Team

Patrick Gruhn is an entrepreneur, lawyer, software engineer, and fintech innovator with more than two decades of experience across technology, law, and financial markets in Europe and the United States. He has founded and scaled multiple technology companies spanning tokenized securities, legal technology, and digital infrastructure, including businesses later acquired by major industry participants. His work focuses on the intersection of blockchain, regulation, and artificial intelligence. Gruhn is also actively involved in academic and institutional initiatives related to digital innovation.

Robin Matzke is a legal and regulatory specialist with deep expertise in digital securities, tokenization, and market structure. He has founded and advised companies operating at the intersection of law and financial technology and has contributed to the development of legal frameworks for digital assets in Europe. His background includes doctoral research on virtual stock structures and extensive academic teaching and publication. Matzke has also served as an advisor on digital securities regulation at the legislative level.

Nayia Ziourti is a regulatory lawyer with more than 15 years of experience in European financial services regulation, compliance strategy, and governance. She has held senior legal and regulatory roles across both public authorities and private financial institutions, including leadership positions within EU-regulated digital asset entities. Her experience includes direct involvement with EU policy development, ESMA initiatives, and MiFID-related regulatory frameworks. Ziourti brings deep institutional knowledge of compliance implementation across complex jurisdictions.

Sean Prescott is a technologist and financial infrastructure architect with over 20 years of experience spanning fintech, cybersecurity, encryption, and decentralized systems. His background includes designing institutional trading infrastructure, secure settlement systems, and large-scale financial platforms across Europe, the Middle East, and North America. He has developed proprietary transaction and custody architectures used by governments, enterprises, and digital asset platforms. Prescott's focus is on building secure, scalable infrastructure for regulated digital finance.

Stephen Stephens is a senior operations and technology executive with extensive experience scaling complex fintech, regtech, and enterprise platforms. His career includes leading global delivery teams, managing multimillion-dollar programs, and transitioning advanced technologies into stable operating environments. He brings expertise in operational execution, platform integration, and enterprise process management across regulated industries. Stephens has overseen large-scale implementations spanning trading systems, ERP platforms, and compliance-driven operations.

Aaron Rudder is a finance and economics professional focused on developing fairer and more efficient capital markets through regulated digital infrastructure. He brings experience across crypto finance, derivatives research, and tokenized market structures, including work within EU-regulated trading environments. Rudder has led research initiatives supporting compliant derivatives issuance and structured digital asset products. His background combines financial modeling, market analysis, and applied research at the intersection of regulation and emerging financial systems.

Quantum BioPharma Ltd. (NASDAQ: QNTM)

Quantum BioPharma Ltd. (NASDAQ: QNTM) is a biopharmaceutical company focused on developing therapies and biotech solutions targeting neurodegenerative, metabolic and alcohol misuse disorders. The company is advancing a diversified platform spanning clinical-stage therapeutics, consumer-focused wellness products and strategic investments designed to address areas of significant unmet need.

The company's strategy combines pharmaceutical research and development with commercialization partnerships and licensing structures intended to support multiple potential revenue streams and long-term growth initiatives. Quantum BioPharma is advancing programs across multiple stages of development while leveraging scientific research, intellectual property and commercial relationships as part of its broader business strategy.

The company is headquartered in Toronto, Ontario.

Portfolio

Lucid-MS

Lucid-MS (Lucid-21-302) is a patented new chemical entity being developed as a potential treatment for multiple sclerosis and other demyelinating diseases. The compound has demonstrated in preclinical models the ability to prevent and reverse myelin degradation while preserving neuronal health. According to the company, Lucid-MS is designed as a non-immunomodulatory, neuroprotective therapy targeting demyelination, a key driver of disease progression in multiple sclerosis.

Quantum BioPharma completed Phase 1 Single Ascending Dose ("SAD") and Multiple Ascending Dose ("MAD") studies evaluating the safety and tolerability of Lucid-MS in healthy volunteers. The company submitted an Investigational New Drug ("IND") application to the U.S. Food and Drug Administration in March 2026 to support a planned Phase 2 clinical trial in multiple sclerosis patients. The focus of the study is intended to be in patients suffering from PPMS (primary progressive) and SPMS (secondary progressive) types of the disease. Quantum BioPharma has also entered into a binding letter of intent with global clinical research organization Allucent to support the planned Phase 2 study.

Lucid-MS has been studied through more than a decade of research and development and has shown efficacy in several preclinical animal models. Quantum BioPharma maintains exclusive worldwide rights to the compound through its wholly owned subsidiary, Lucid Psycheceuticals Inc.

unbuzzd™ and REKVRY™

Quantum BioPharma developed unbuzzd™, a dietary supplement beverage formulation designed to accelerate alcohol metabolism, reduce blood alcohol concentration and improve mental alertness following alcohol consumption. The company spun out the over-the-counter consumer version of the product to Unbuzzd Wellness Inc., formerly Celly Nutrition Corp., while retaining an ownership stake and royalty participation. Under the agreement, Quantum BioPharma retains a 7% royalty on sales of unbuzzd™ until aggregate payments reach $250 million, after which the royalty decreases to 3% in perpetuity. The company also retains 100% of the rights to develop similar products or alternative formulations for pharmaceutical and medical uses.

In March 2026, results from a double-blind, randomized, placebo-controlled crossover clinical trial investigating unbuzzd™ were published in a peer-reviewed scientific journal. According to the company, the study demonstrated statistically significant improvements in alcohol metabolism, reductions in blood alcohol concentration, improved alertness and reduced hangover symptoms compared to placebo.

Quantum BioPharma is also developing REKVRY™, a formulation intended for alcohol misuse treatment in hospital and emergency settings, which the company believes may help address healthcare burden associated with alcohol intoxication and misuse.

Market Opportunity

Quantum BioPharma is targeting large global markets across multiple sclerosis treatment, alcohol recovery products and functional wellness beverages. According to company materials, approximately 2.8 million people worldwide are living with multiple sclerosis, including nearly one million people in the United States alone. The company has cited projections indicating the global multiple sclerosis market could grow from approximately $28.2 billion in 2022 to approximately $41 billion by 2033.

The company is also targeting the growing hangover recovery and alcohol wellness market through unbuzzd™. According to Quantum BioPharma's materials, the global hangover cure products market was valued at approximately $2.05 billion in 2022 and is projected to reach approximately $6.2 billion by 2030, representing a compound annual growth rate of 14.8%. Quantum BioPharma has additionally cited estimates that excessive alcohol consumption costs the United States approximately $249 billion annually through healthcare costs, lost productivity, criminal justice impacts, vehicle crashes and property damage. The company has also referenced projections estimating the broader functional beverage market could reach approximately $198 billion in 2026.

Leadership Team

Zeeshan Saeed, Founder, CEO, President & Executive Co-Chair, founded Quantum BioPharma and played a key role in securing the company's initial seed capital and transition into a publicly traded company. Prior to founding Quantum BioPharma, he served as President of ZZ Telecommunications Inc., a long-distance telecommunications carrier, and previously founded Platinum Telecommunications Inc. Mr. Saeed has experience in international capital markets, including assisting startups with raising capital and securing exchange listings, and holds a Bachelor of Science in Mechanical Engineering.

Anthony Durkacz, Co-Founder & Executive Co-Chair and previously served as President of Capital Ideas Investor Relations, was the CFO and a director of Snipp Interactive, as well as was COO and CFO of MKU Canada and Astris Energi.

Donal Carroll, CPA, CFO & COO, has more than 20 years of corporate finance leadership and public company experience. Prior to joining Quantum BioPharma, he served as Country CFO with Videojet Technologies, a Danaher company, Accounting Supervisor with Alberto Culver, now part of Unilever, and Corporate Controller with Cardinal Meats.

Jason Sawyer, Head of Finance and M&A, is a veteran financier who has led Bahamas-based alternative investment and advisory firm Access Alternative Group S.A. for more than 20 years. According to the company, AAG and its affiliates have completed more than $5 billion in capital placements involving alternative fund managers, private and public startups, early-stage growth companies and targeted mergers and acquisitions across multiple sectors. Mr. Sawyer also serves on various corporate boards and advisory committees.

Lakshmi P. Kotra, PhD, President of Quantum BioPharma and CEO of Quantum BioPharma Australia Pty Ltd., is a Senior Scientist at the Krembil Brain Institute within University Health Network and Professor of Medicinal Chemistry at the University of Toronto. Dr. Kotra joined Quantum BioPharma in connection with the acquisition of Lucid Psycheceuticals in 2021 and is the recipient of the Julia Levy Award for contributions to the commercialization of biomedical innovation in Canada. His background includes research and development work involving anti-HIV drugs, antibacterials, insulin, antimalarials, medical cannabis therapeutics and treatments targeting multiple sclerosis.

Andrzej Chruscinski, MD, PhD, Vice-President, Clinical and Scientific Affairs, leads Quantum BioPharma's clinical programs and clinical trial activities. Dr. Chruscinski received his MD and PhD from Stanford University, completed residency training in internal medicine at Stanford and fellowships in cardiology at Stanford and Toronto General Hospital. He has led major clinical trials involving transplantation tolerance and biomarker discovery and is a board-certified cardiologist.

Eric Hoskins, MD, DPhil, Director, is a physician and public health expert with more than 30 years of experience spanning healthcare, public policy, economic development and international trade. Dr. Hoskins previously served as Ontario's Minister of Health and Long-Term Care and held several additional cabinet positions during nearly a decade as a member of provincial parliament. He also served as president of War Child Canada and was awarded the Order of Canada in 2007 for his humanitarian work.

Rezolve Ai Ltd. (NASDAQ: RZLV)

Rezolve Ai Ltd. (NASDAQ: RZLV) is a leading technology company at the forefront of Conversational AI, transforming digital retail engagement with its proprietary artificial intelligence solutions. The company's platform integrates advanced large language models ("LLMs") to enhance eCommerce interactions, providing businesses with AI-powered search, checkout, and virtual assistance capabilities. By leveraging cutting-edge AI, Rezolve Ai aims to streamline customer journeys, increase conversions, and drive revenue growth for merchants worldwide.

Rezolve Ai's vision is to revolutionize digital commerce by offering seamless, intelligent, and personalized shopping experiences. The company's mission is to equip businesses with AI-driven tools that enhance customer engagement, optimize search functionality, and enable frictionless transactions. Through its proprietary "BrainPowa" technology, Rezolve Ai delivers a next-generation AI-powered sales engine that significantly improves online retail performance.

By targeting large-scale eCommerce platforms, payment service providers, and merchants, Rezolve Ai positions itself as a leader in AI-driven commerce solutions. The company's scalable, cloud-based software-as-a-service ("SaaS") model ensures seamless integration with enterprise clients across various industries.

Rezolve Ai is headquartered in London, United Kingdom.

Products

Rezolve Ai offers a suite of AI-powered commerce solutions designed to enhance digital retail experiences:

• Commerce: An AI-driven engagement platform that enables personalized customer interactions, improving product discovery and sales conversion rates.
• Checkout: A frictionless, AI-powered checkout system that simplifies the purchasing process and reduces cart abandonment rates.
• Assistant: A virtual AI shopping assistant that provides real-time product recommendations and customer support to improve user engagement.
• BrainPowa: Rezolve Ai's proprietary LLM, custom-built for eCommerce applications, offering enhanced search, merchandising, and chatbot capabilities.

The company's AI-driven platform provides an end-to-end solution for retailers, optimizing search, advisory services, and checkout processes to enhance the overall customer experience.

Market Opportunity

The global artificial intelligence market is experiencing exponential growth, with AI-driven eCommerce projected to become a multi-billion-dollar industry. The total addressable market for AI-powered retail solutions is expected to reach $480 billion to $540 billion by 2028, growing at a compound annual growth rate ("CAGR") of approximately 50%.

As digital commerce continues to evolve, businesses are increasingly adopting AI to improve search accuracy, personalize customer experiences, and enhance transaction efficiency. Rezolve Ai's ability to integrate advanced AI technologies with real-world commerce applications positions it as a key player in this expanding market.

Strategic partnerships with major technology firms, including Microsoft and Google, further enhance Rezolve Ai's market potential, providing access to a broad customer base and accelerating adoption across global eCommerce platforms.

Leadership Team

Dan Wagner, Chairman & CEO, founded Rezolve Ai in 2016 and has a long history of leading successful technology ventures. He previously founded MAID, which went public on the London Stock Exchange in 1994 and Nasdaq in 1995, making him one of the youngest CEOs of a publicly traded company.

Dr. Salman Ahmad, Chief Technology Officer, has over 20 years of experience in mobile software development, AI applications, and cloud-based technology. He previously co-founded Kenja Corp and has a deep technical background in AI-driven innovation.

Peter Vesco, Chief Commercial Officer and General Manager for EMEA, has more than two decades of experience in the digital payments and financial technology sectors. He previously served as CEO of ClickandBuy and held senior leadership roles at Deutsche Telekom Payments.

Richard Burchill, Chief Financial Officer, brings over 20 years of corporate finance and accounting expertise. He has served in senior financial leadership positions, including Finance Director of Arcadia and Deputy CFO at major multinational corporations.

David Ingram, Chief Product Officer, has 25 years of experience in product management for eCommerce, social platforms, and digital payments. His expertise in scaling global SaaS B2B platforms plays a critical role in Rezolve Ai's product development and innovation.

Safe Pro Group Inc. (NASDAQ: SPAI)

Safe Pro Group Inc. (NASDAQ: SPAI) is a mission-driven technology company delivering advanced AI-powered security and defense solutions. It is focused on serving customers in the defense, homeland security, humanitarian, law enforcement, and commercial markets where its AI, drone-based services and ballistic protective gear can synergistically deliver safety and operational efficiency.

At the heart of Safe Pro's mission is its patented artificial intelligence (AI), machine learning (ML), deep learning and applied computer vision software technology. These tools are currently being used to rapidly detect small objects in drone-based video and imagery such as landmines and unexploded ordnance (UXO), enabling safer and more efficient field operations across global conflict and post-conflict zones and supporting efforts to improve the reliability of critical infrastructure. The company's vision is to lead the evolution of security and threat detection through AI innovation, while its mission is to empower governments, enterprises, and humanitarian organizations with tools to respond to evolving threats at scale.

With a team of leaders and subject matter experts drawn from the defense, technology, and public safety sectors, Safe Pro Group delivers U.S.-developed next-generation AI and drone services through its Safe Pro AI and Airborne Response units and high-performance, American-made ballistic protective solutions through its Safe-Pro USA subsidiary.

The company is headquartered in Aventura, Florida.

Products

Safe Pro Group's three business units operate across software, hardware, and field services to deliver a comprehensive suite of solutions. Each division plays a distinct role in supporting defense, humanitarian and public safety missions around the world.

Safe Pro AI

Safe Pro AI's core AI-powered computer vision technology enables the rapid analysis of drone-based imagery to autonomously detect objects of interest. Its flagship product, SpotlightAI™ can detect and label over 150 types of explosive threats including landmines, cluster munitions, and unexploded ordnance (UXO). Built on more than two years of real-world usage in Ukraine and now including additional imagery being gathered from the Asian-Pacific region and Africa, SpotlightAI™ rapidly processes and creates high-resolution maps supported by the hyper scalability of the Amazon Web Services (AWS) cloud or detects threats in real-time locally on the edge through its OnSite Windows-based software application. Today, the platform boasts one of the world's largest datasets built on over 1.88 million real-world battlefield images from Ukraine, identifying 34,200+ threats across more than 8,119 hectares (over 20,000 acres).

Airborne Response

Airborne Response is a leading provider of mission critical drone services using U.S. Government-compliant small uncrewed aircraft systems (sUAS) (drones). It serves enterprises in utilities & telecom and insurance with a full-range of drone-based critical infrastructure inspection and monitoring solutions as well as Drone-as-a-First Responder (DFR) services for law enforcement and public safety. It provides customers with actionable intelligence though data capture, analytics and processing powered by AI.

Safe-Pro USA

Safe-Pro USA manufactures ultra-premium, American-made ballistic protection systems including advanced body armor and ballistic plates as well as complete Explosive Ordnance Disposal (EOD) suits, demining aprons, and bomb blankets. All products exceed U.S. and NATO standards and are designed, engineered, and produced in the U.S., supporting customers across military, humanitarian, and law enforcement sectors.

Market Opportunity

Harnessing its patented, real-time, AI-powered processing of drone-based imagery, Safe Pro is creating a uniquely powerful 'Next-Gen' approach to situational awareness supporting ground-based personnel in safely completing their defense/military, humanitarian, law enforcement & commercial missions.

The global threat posed by landmines and UXO spans nearly 60 countries, affecting millions of civilians and imposing significant economic burdens, particularly in agriculture and infrastructure. In Ukraine alone, the contamination of 17 million hectares has resulted in $50+ billion in agricultural losses, with World Bank estimates projecting $30 billion needed in demining costs. According to the Landmine Monitor 2024, regions in Asia, Africa, and Latin America continue to report high casualty rates.

Safe Pro is positioned to capture a portion of the $15 billion+ global defense tech market, especially in AI-driven battlefield intelligence, drone surveillance, and threat detection. As a U.S.-based AI and defense technology provider with a HUBZone-certified manufacturing arm, Safe Pro is eligible for federal and state procurement programs, public safety grants, and critical infrastructure contracts, as well as global humanitarian demining efforts.

Leadership Team

Dan Erdberg, Chairman and CEO, brings over 20 years of experience as a C-level technology executive. He has led multiple Nasdaq listings in the drone, 5G, and satellite communications sectors, raised over $50 million in growth capital, and spearheaded Safe Pro Group's corporate strategy and acquisitions.

Theresa Carlise, Chief Financial Officer, has more than 30 years of experience in financial leadership roles for public companies. Her expertise includes equity transactions, strategic planning, and financial restructuring. She served as Chief Financial Officer, Secretary, Treasurer and Director of various publicly traded companies within the retail, telecommunications, distribution, transportation, mortgage banking and construction sectors.

Pravin Borkar, CTO and Director (President, Safe-Pro USA), has over 30 years of experience in the engineering and manufacturing of ballistic protection systems for the U.S. Department of Defense. He has developed armor solutions for personnel and aircraft platforms including the CH-53 and Blackhawk.

Christopher Todd, President (Airborne Response), is a drone industry veteran and Certified Emergency Manager (CEM®) with more than 30 years of experience. He founded Airborne Response and is President of AUVSI Florida, with expertise in public safety drone deployment and emergency response.

Silynxcom Ltd. (NYSE American: SYNX)

Silynxcom Ltd. (NYSE American: SYNX) develops, manufactures and sells ruggedized tactical communication and hearing-protection systems designed for use in demanding environments. The company's roots in acoustics and sound science extend back more than five decades, beginning with a family-founded music conservatory and subsequent work in hearing-aid development before that expertise was applied to tactical audio systems. Silynx Communications, a fully owned subsidiary, was incorporated in 2005, and the company has since built its business around compact, combat-proven communication solutions designed to combine hearing protection, clear communications and environmental awareness.

Silynxcom's systems are used across military, law enforcement, shooting sport, industrial and riot-control applications, with its tactical products deployed by military and law enforcement organizations internationally. The company sells directly to military forces, police and other law enforcement units while also working through specialized local distributors and maintaining strategic relationships with radio and tactical-equipment manufacturers.

Silynxcom continues to expand internationally through direct customer relationships, formal procurement programs, distributors, agents and resellers, with recent military orders and deliveries in Asia and Europe supporting that strategy.

The company is headquartered in Netanya, Israel.

Products

CLARUS and FORTIS

Silynxcom's CLARUS and FORTIS systems provide scalable control of tactical communications networks. CLARUS I controls one or two radios through a compact dual-PTT controller, while CLARUS II adds a third radio channel and advanced audio routing for personnel operating across multiple communications networks.

FORTIS is the company's most advanced system, with four PTT buttons capable of controlling up to four independent radio networks. The system is designed for commanders, joint terminal attack controllers and team leaders managing more complex communications requirements.

Both product families are built around a modular architecture that allows operators to pair Silynxcom sound-protection controllers with in-ear or over-the-ear headsets, exchange radio cable adapters for different communications platforms, and add wired or wireless PTT controls and other accessories as operational requirements change.

PROTEGO

The PROTEGO family comprises Silynxcom's in-ear tactical sound-protection headsets, led by the flagship PROTEGO PRO. The system combines advanced hearing protection, Hear-Thru ambient hearing enhancement and the company's proprietary TRUE VOICE, or "Talking from the Ear," technology, which captures speech from within the ear canal without requiring a conventional external boom microphone.

PROTEGO PRO is certified to a 31 dB Noise Reduction Rating ("NRR") and is IP68 waterproof. Its external microphone is positioned within the ear canal, allowing the user's pinna to remain uncovered to support natural directional hearing. The headset also incorporates an AUX connection supporting optional vest-mounted and helmet-mounted boom microphones and gas-mask microphones and is compatible with Silynxcom systems through the company's Quick Disconnect Connector ("QDC").

The broader PROTEGO family provides configurations for different operational requirements. PROTEGO STD is a standard dual-ear configuration, PROTEGO SNG provides a single-ear option for users seeking situational awareness on the unprotected side, and PROTEGO MLD offers a molded custom-fit configuration. All variants connect to Silynxcom control boxes through the QDC architecture.

Tactical Audio Technology

Silynxcom's technology platform combines active and passive hearing protection, Hear-Thru ambient sound enhancement, TRUE VOICE in-ear voice capture and modular QDC connectivity. The company has expanded this platform with capabilities including drone detection, sound-leak testing and prerecorded messages, as well as Net Monitoring, Whisper Mode, smartphone connectivity, TacTuner software and LinkDetect technology.

Other Products and Applications

Beyond its core military systems, Silynxcom applies its communications and hearing-protection technologies across law enforcement, riot control, shooting sport and industrial environments. Applications include systems designed for use with riot helmets, gas masks and shields; in-ear electronic hearing protection for shooting, hunting and competition; and communication and hearing-protection solutions used in industrial settings including steel mills, iron-smelting facilities and nuclear power plants.

Market Opportunity

Silynxcom is targeting an active tactical sound-protection headset market that the company expects to undergo a significant transition from traditional over-ear systems toward in-ear products. According to Market Research Future data included in Silynxcom's investor materials, the in-ear portion of the global active tactical sound-protection headset market was projected to grow at a compound annual growth rate ("CAGR") of 42% from 2021 through 2027, compared with a projected 0.51% CAGR decline for over-ear sound-protection headsets during the same period.

The company's materials identify several factors supporting this transition, including military and law-enforcement modernization programs focused on tactical communications and equipment miniaturization, increased awareness of hearing loss in combat and riot situations, the need for protection against louder weapons systems, and adoption of lighter radios and data devices intended to improve individual communications and situational awareness. Silynxcom also identifies industrial and commercial demand associated with workplace safety, operational efficiency, coordination, noise reduction, training and hands-free operation.

Additional opportunities include increased European military and homeland-security modernization funding, the transition by Asian military forces from over-ear to in-ear communications devices, increased mobile-device usage by law enforcement agencies and a growing proportion of procurement requirements specifying in-ear rather than over-ear sound protection. The company is pursuing these opportunities through direct sales, formal purchasing programs, an international distributor network and strategic relationships with established equipment manufacturers.

Leadership Team

Nir Klein, Chief Executive Officer and Director, has served as Silynxcom's CEO since January 2011 and as a member of its board of directors since August 2021. He holds a B.A. in accounting and economics from Tel Aviv University and brings extensive operational experience through his leadership of the company.

Ilan Akselrod, Chief Financial Officer, has served as Silynxcom's CFO since September 2014. Before assuming his current role, he served as a controller at Mobile Technologies Ltd. from June 2010 through August 2014. Akselrod holds a B.A. in economics and accounting and a master's degree in economics from Bar Ilan University.

Gal Nir Klein, Vice President of Marketing and Israel Sales and Director, has served as Silynxcom's Vice President of Marketing and Israel Sales since October 2005 and as a member of its board of directors since August 2021. She holds a B.A. in economics from Tel Aviv University.

Elihay Cohen, Vice President of Marketing and International Sales Officer, has served in his current position since July 2021 after working as a consultant to Silynxcom during the first half of that year. He previously served as vice president of marketing and international sales for a large tactical-gear producer and has 20 years of prior management and sales experience in the high-tech sector. Cohen holds a B.Sc. in industrial engineering from Tel Aviv University.

Ronen Hananis, Vice President of Operations and Development, has served in his current role since July 2017 and has held various positions with Silynxcom since October 2005. He previously served as R&D and Engineering Manager from February 2014 through October 2016 and, prior to that, as Engineering Manager. Hananis holds a B.Sc. in electronics from the Holon Institute of Technology.

SS Innovations International, Inc. (NASDAQ: SSII)

SS Innovations International, Inc. (NASDAQ: SSII) develops differentiated surgical robotic technologies, highlighted by its advanced, cost-efficient SSi Mantra surgical robotic system. Spearheaded by a team of visionary engineers and Dr. Sudhir Srivastava, an acclaimed robotic cardiac surgeon and the company's founder, Chairman and Chief Executive Officer, the SSi Mantra features differentiated capabilities in areas such as telesurgery, cardiac surgery and pediatric procedures. The SSi Mantra's broad-based surgical robotic applications, modularity, user friendliness, training capabilities, clinical track record and relative cost advantages have contributed to its early commercial success.

SS Innovations is a rapidly growing American company headquartered in India and expanding globally with an eye on democratizing access to cutting-edge surgical robotic technologies. After commencing commercial operations in late 2022, the company's annual revenue has grown from approximately $5.9 million in 2023 to $42.5 million in 2025, corresponding to a compounded annual growth rate of 169%. Nearly 500 employees and more than 90,000 square feet of world-class R&D and manufacturing facilities support the company's growth.

The SSi Mantra has been approved for commercial use in 14 countries, and the company currently is pursuing regulatory approval of the SSi Mantra from the U.S. Food and Drug Administration as well as a European Union CE marking.

SSi Mantra

The SSi Mantra is SS Innovations' proprietary surgical robotic system and serves as the foundation of the company's technology portfolio. As of May 31, 2026, the SSi Mantra global installed base totaled 210 systems. The platform features a modular architecture with three to five robotic arms, an open-faced surgeon command center, a 3D 4K visualization system and integrated imaging capabilities designed to support a wide range of minimally invasive procedures.

The system has been validated for use across numerous surgical specialties, including general surgery, urology, gynecology, colorectal, cardiac, gastrointestinal, head and neck, thoracic and breast and plastic surgery procedures. According to company disclosures, the SSi Mantra has been utilized in more than 11,700 surgeries, including hundreds of cardiac procedures, pediatric procedures and telesurgeries, and has been clinically validated across more than 170 different surgical procedure types.

SS Innovations also developed the SSi MantrAsana tele-surgeon console — a portable, compact chair-based version of the surgeon command center designed to facilitate remote surgery. The company's SSi Mantra platform has been utilized in more than 175 telesurgeries, including complex cardiac telesurgeries and multiple long-distance international procedures. In May 2026, a robot-assisted heart procedure was successfully performed with the SSi Mantra across approximately 12,500 miles (20,000 kilometers) of fiber network distance between Guyana and India, making it the world's longest-distance robotic telesurgery ever conducted. The SSi Mantra's tele-surgical architecture has been specifically designed to maintain procedural precision across high-latency, long-haul network environments.

SSi Mudra

SSi Mudra is the company's portfolio of robotic surgical instruments designed for use with the SSi Mantra platform. The product line includes more than 40 instrument types spanning monopolar and bipolar cautery instruments, clip appliers, needle drivers, graspers and specialty instruments developed for robotic cardiothoracic procedures.

The instrument portfolio supports a broad range of surgical applications and includes tools developed specifically for pediatric and cardiac surgery. SS Innovations positions SSi Mudra as an integral component of its surgical robotics ecosystem, providing procedure-specific instrumentation across multiple specialties.

SS Innovations receives recurring revenue from the sale of robotic surgical instruments. Recurring revenue represented approximately 15% of total revenue in 2025 per company disclosures.

SSi Maya

SSi Maya is a mixed-reality surgical platform developed to support visualization, training and procedural planning. The platform incorporates technologies such as 3D holographic imaging, virtual surgery tools, tele-proctoring capabilities and artificial intelligence-based anatomy segmentation.

SS Innovations designed SSi Maya to support surgeon education and procedural preparation while expanding access to advanced training resources. The platform is intended to complement the company's robotic surgery technologies by providing immersive digital tools for surgical learning and collaboration.

A subsidiary of SS Innovations, the SS International Center for Robotics Surgery (SSICRS), graduated its first class in June 2026 from a specialized cardiac training program designed to provide surgeons, medical residents, anesthesiologists, and other healthcare professionals with theoretical classroom instruction and practical hands-on learning in robotic-assisted surgery. The center's virtual and in-person instruction leverages both the SSi Mantra and SSi Maya. The company aims for SSICRS to become one of the world's premier training institutes for robotic surgery.

Market Opportunity

According to Markets and Markets, the global surgical robotics market was valued at approximately $12.0 billion in 2024 and is projected to grow to approximately $27.1 billion by 2030, representing a compound annual growth rate of 14.7%.

According to estimates cited in the company's investor presentation, less than 1% of surgeries performed globally are currently robotic procedures. The company believes this low level of penetration highlights a substantial opportunity for broader adoption of robotic-assisted surgery as healthcare providers seek minimally invasive treatment options and advanced surgical technologies.

The company further notes that, while approximately 95% of the world's population resides outside the United States, Europe and Japan, only about 5% of installed surgical robotic systems are located in those regions. SS Innovations has positioned its technology portfolio to target healthcare markets that have historically experienced limited access to robotic surgery platforms.

Leadership Team

Dr. Sudhir Srivastava, Founder, Chairman and CEO, is a robotic cardiac surgeon and entrepreneur who founded SS Innovations to advance the accessibility of robotic surgery technologies. He has performed one of the largest volumes of robotic cardiac procedures globally and pioneered several robotic beating-heart TECAB procedures, including multiple world-first operations. In addition to leading SS Innovations, he has trained surgical teams around the world and has been actively involved in the development and advancement of robotic-assisted surgical techniques for decades. As of June 12, 2026, Dr. Srivastava owned approximately 108.6 million SSII shares, or 54.3% of total shares outstanding.

Dr. Frederic Moll, Vice Chairman, is a physician, entrepreneur and medical robotics pioneer widely recognized for his contributions to minimally invasive surgery. He co-founded Intuitive Surgical and helped develop the da Vinci robotic-assisted surgery system. Dr. Moll also founded Hansen Medical and Auris Health and has served on the boards of multiple healthcare technology companies focused on robotics, imaging and cancer treatment technologies. As of June 12, 2026, Dr. Moll owned approximately 20.8 million SSII shares, or 10.4% of total shares outstanding.

Dr. Vishwajyoti Srivastava, Chief Executive Officer – APAC and Board Member, has been involved in robotic surgery technologies since 2008. His work has included the development of robotic surgery training platforms, tele-mentoring initiatives and advanced medical visualization systems. He previously led development of the OMNI 3D Medical Visualization platform and currently oversees activities supporting the continued advancement and expansion of SS Innovations' technology platform.

Barry Cohen, Chief Operating Officer – Americas and Board Member, brings decades of experience in public-company management, medical technology and capital markets. He founded Avra Medical Robotics and has held leadership positions with several public and private companies throughout his career. His background includes more than 50 years managing industrial and technology-focused businesses and extensive experience in securities and corporate operations.

Stewards Inc. (OTC: SWRD)

Stewards Inc. (OTC: SWRD) is redefining the private credit and alternative lending industry through a strategic redevelopment of its operations and offerings. With a focus on leveraging financial technology and a client-centric approach, Stewards empowers small to medium-sized businesses with fast, flexible, and reliable access to capital, bridging the gap left by traditional financial institutions.

As part of its strategy to uplist to Nasdaq, Stewards is enhancing its technology platform, operational scalability, and market positioning to meet higher regulatory standards and attract institutional investors. Headquartered in Fort Lauderdale, Florida, Stewards employs over 120 professionals across five global offices, delivering sustainable growth and value for clients and shareholders alike.

Products and Services

• Proprietary Lending Platform and Mobile App (In Development): Stewards is in the early stages of developing an advanced digital platform designed to enhance client engagement and streamline funding processes. This platform will eventually allow businesses to apply for funding products, track progress, and manage repayment efficiencies. A complementary mobile app is also being planned to provide real-time insights and tailored recommendations, laying the groundwork for an improved borrower experience.
• Fintech-Driven Lending Solutions: Stewards is exploring proprietary and third-party technology tools, including advanced analytics and algorithms, to enhance decision-making speed and reliability in the lending process.
• Flexible Financing Options: Stewards specializes in structuring customized capital solutions tailored to the diverse needs of small business owners, offering scalable and adaptable products that evolve with changing market conditions.

Market Opportunity

The private credit market is experiencing exponential growth as traditional banks reduce their focus on small business lending. According to industry reports, the global private credit market is projected to surpass $1.5 trillion by 2025, driven by increasing demand for alternative financing options.

Stewards is uniquely positioned to capture market share within this booming sector by leveraging fintech innovation to meet the needs of underserved small businesses. With a focus on efficiency, speed, and client satisfaction, Stewards addresses critical gaps in the financial ecosystem while building a platform for long-term growth.

Recent Highlights

• Fintech Innovation: Initial investments in app development and analytics lay the groundwork for future operational efficiency and improved borrower experience.
• Operational Scale: A global footprint with over 120 employees combines the agility of a local lender with the reach of an international financial institution.
• Proven Growth: Stewards' technology-driven approach has enabled consistent expansion, solidifying its reputation as a trusted partner for small businesses.

Leadership Team

Vincent Napolitano is a Founder and CEO of Stewards Inc. With over two decades of experience in finance and business development, Vincent has been instrumental in building Stewards into a trusted partner for businesses seeking innovative financial strategies. Prior to founding Stewards, Vincent spent 25 years on Wall Street, holding key positions at prominent firms and developing expertise in structuring complex financial deals. He also served as Chief Investment Officer for multiple special purpose vehicles (SPVs), acquiring private stock in pre-IPO unicorn companies such as Facebook and Twitter.

Shaun Quin is a Founding Member and President of Stewards Inc., overseeing the company's mission to deliver innovative and efficient private credit solutions to small and medium-sized businesses. With over 20 years of global experience as a partner, investor, and director, Shaun brings a strategic and customer-focused approach to his leadership. His expertise in fostering collaboration, building high-performance cultures, and empowering businesses has positioned Stewards as a trusted leader in private lending.

Vaughan Korte, CFO, brings over 15 years of global financial expertise to his role with Stewards Inc. His track record includes managing financial operations for Adidas across 60 countries with budgets exceeding $500 million. Vaughan's leadership ensures Stewards remains financially resilient, aligning financial strategy with organizational goals and fostering shareholder value.

Glen Steward, Chief Strategy Officer, is a seasoned entrepreneur with over 28 years of experience in the investment and trading industries. He drives Stewards' strategic initiatives, ensuring the company remains competitive and agile in a rapidly evolving market. Glen has held directorships and board memberships across Mauritius, South Africa, and the United States. His strategic acumen has been pivotal in integrating the FAVO Group of Companies into Stewards Inc., fueling growth and market leadership.

Advisory Board

Bilal Adam, Accounting & Financial Counsel, is a financial expert with over 20 years of experience, including roles as CEO of Stewards Investment Capital. His insights into bespoke investment solutions, including fixed income, equity, and digital assets, support Stewards' innovative approach to private credit.

Honorable Earnest Hart, Corporate Governance Counsel, brings decades of legal and governance experience, having served as a New York Supreme Court Judge and COO at Columbia University Medical Center. His guidance ensures Stewards maintains robust corporate governance standards.

Rocco Trotta, Business Leadership and Scalability Counsel, is the co-founder of LiRo-Hill and has decades of experience scaling businesses. His expertise in organizational efficiency and talent development strengthens Stewards' ability to attract excellence across all aspects of the business.

As Stewards redevelops its operations and prepares for an uplisting to Nasdaq, the company is laying the foundation to redefine private credit with emerging fintech solutions and exceptional leadership. Learn more by visiting investors.favocap.com.

Versus Systems Inc. (NASDAQ: VS)

Versus Systems Inc. (NASDAQ: VS) is a technology company focused on enhancing how audiences interact with content across digital and live environments. The company's platform enables brands, teams, and content creators to integrate interactive elements directly into their experiences, allowing users to participate in games and earn real-world rewards while engaging with media.

By combining gameplay mechanics with promotional functionality, Versus provides a framework for turning passive audiences into active participants. Its patented earned-rewards system is designed to operate across mobile, web, broadcast, and in-venue formats, supporting both audience participation and measurable brand interaction without requiring significant development resources.

Versus has worked with professional sports leagues, major brands, and entertainment partners, with its technology deployed across thousands of events and engaging millions of users globally. The company continues to expand the role of interactive media by embedding participation and rewards into everyday content experiences.

The company is headquartered in Dover, Delaware.

Products

Versus Systems delivers its technology through products designed to integrate interactive engagement and rewards into digital content and live environments.

Winfinite

Winfinite is the company's core platform, offering a library of customizable, web-based games that can be deployed across digital channels or integrated into live events. The platform enables brands and content partners to launch interactive campaigns using pre-built game formats that can be tailored for promotions, sponsorships, and audience engagement.

The game library includes a range of casual formats—such as sports, trivia, arcade, and puzzle-based experiences—designed for broad accessibility and repeat participation. Through Winfinite, users can engage with branded content while earning rewards such as discounts, prizes, or sweepstakes entries, directly linking gameplay to incentivized outcomes.

The platform includes administrative tools that allow partners to customize and deploy campaigns, supported by Versus' prizing infrastructure, which facilitates reward distribution across different regions and use cases.

Filter Fan Cam

Filter Fan Cam is an in-venue engagement product that enables audiences to see themselves on venue screens or broadcasts with real-time visual enhancements. The system applies digital filters and overlays to live camera feeds, creating interactive moments that can be displayed in arenas or incorporated into event coverage.

Using facial tracking and augmented visual effects, Filter Fan Cam supports customized branding, themed activations, and sponsor integrations during live events. The product has been deployed in professional sports venues, including Globe Life Field during Texas Rangers home games, where it is used to enhance fan participation and create additional sponsorship opportunities.

Market Opportunity

According to Fortune Business Insights, the global gamification market was valued at $6.33 billion in 2019 and is projected to reach $37.00 billion by 2027, representing a compound annual growth rate of 24.8%, with further expansion expected to reach $89.75 billion by 2031. North America accounted for 42.97% of the global market share in 2019.

Gamification software integrates game mechanics into business, media, and digital environments to drive engagement across customers, employees, and partners. These systems are used to enhance participation, improve brand interaction, and support training, recruitment, and customer-facing initiatives through interactive and task-based experiences.

The adoption of gamification tools has been shown to improve measurable outcomes, including increased customer engagement and conversion rates.

Leadership Team

Luis Goldner, Chief Executive Officer, brings more than 16 years of executive management experience across the gaming, media, and technology sectors. He previously served as Chief Executive Officer of Intralot do Brazil, where he helped expand the company into one of the country's leading lottery operators, and as Chief Executive Officer of Trust Impressores, a subsidiary of Oberthur Group focused on high-security printing and financial instruments. He has also served as Chief Operating Officer and a member of the board of directors of ICARO Media Group, contributing to the development of AI-powered media technology platforms.

Brian Goldenberg, C.P.A., Chief Financial Officer, brings more than 25 years of financial and operational leadership experience, having served in Chief Financial Officer, Chief Operating Officer, and Chief Compliance Officer roles at multiple investment management firms. His background includes extensive experience in financial planning and reporting, accounting, audits, regulatory compliance, SEC matters, investor relations, and building strong financial and operational infrastructures.

Juan Carlos Barrera, Chairman, Independent Director and Compensation Committee Chair, brings more than 30 years of experience in global finance, media, and technology leadership.

Aric Spitulnik, Independent Director and Audit Committee Chair, brings more than 30 years of experience in executive management, financial oversight, and corporate governance.

David Catzel, Independent Director and Nominating and Corporate Governance Committee Chair, brings more than 30 years of experience in digital transformation roles at multiple high-growth technology companies.

Wrap Technologies, Inc. (NASDAQ: WRAP)

Wrap Technologies, Inc. (NASDAQ: WRAP) is a public safety technology company built around its Non-Lethal Response™ ("NLR") platform. Rather than positioning itself as a single-product device maker, the company describes its 2025—2026 transformation as building an integrated system of tools, training, and policy support — now extending toward a platform that connects advanced sensing, artificial intelligence, command-and-control, and measured response — designed to help law enforcement, corrections, defense, border security, campus safety, and healthcare security personnel manage encounters more safely and reduce reliance on higher levels of force.

The company is headquartered in Miami, Florida, with manufacturing operations based in Southwestern Virginia as part of a made-in-America supply-chain initiative.

Products

BolaWrap® and the Non-Lethal Response™ System

WRAP's flagship product is the BolaWrap® 150, a patented, remote restraint device that deploys a Kevlar tether to help officers gain control of non-compliant individuals from a distance without pain compliance. WRAP describes it as the only remote response-to-resistance tool designed to maintain a safe distance between subject and officer, deployed early in the pre-escalation phase of the force continuum. The company cites adoption by more than 1,000 agencies across the U.S. and in 50+ countries and zero reported fatalities associated with the device. In July 2026, the U.S. Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF) ruled that the BolaWrap® 150 is an instrument of restraint rather than a firearm or "any other weapon" under federal law.

Training and Readiness Solutions

WrapReality® (immersive VR training) and WrapTactics™ (policy-aligned digital training and certification) are the core of WRAP's training ecosystem, reinforced by partnerships with the STORM Training Group and Force Science and by policy work with the Law Enforcement Training and Advisory Council (LETAC). Adoption has continued to broaden beyond traditional law enforcement into healthcare, security, and education markets. In May 2026, WRAP announced a low-light expansion of WrapReality, adding directional-light and nighttime decision-making scenarios.

WrapVision™ and Counter-UAS / Drone Programs

WrapVision™ is WRAP's body-worn camera and cloud-based digital evidence management platform, built with IONODES on a made-in-America assembly roadmap. WRAP's counter-UAS and drone-response capabilities — including the DFR-X system, PAN-DA, the 1KC Kinetic Anti-Drone Cassette, and the MERLIN-Interdictor (also referenced as MERLIN-1) drone-interdiction payload, which applies BolaWrap technology from an aerial platform — target defense, homeland security, and critical-infrastructure customers. WRAP demonstrated a drone-to-human interdiction with partner Mithril Defense in Austin, Texas, and has established a Florida drone-testing and NLR training facility through a partnership with WOFT, LLC to support C-UAS testing and drone-to-human non-lethal deployment work, with interest from military, federal, and civilian customers.

WrapShield™ Platform (launched July 2026)

WrapShield™ is an autonomous defense and public safety platform designed to detect threats earlier, orchestrate an AI-assisted response, and act with proportionate, mission-appropriate force, with human decision-makers designed to remain in control. Its detection layer is anchored by a strategic investment in Frenel Imaging Ltd. and an exclusive U.S. and NATO license to Frenel's TPiCore® thermal-polarimetric imaging, which captures the polarization of thermal radiation at the pixel level to support material discrimination that WRAP believes cannot be spoofed, jammed, or turned off and requires no radio-frequency signal to detect. WrapShield's initial application is counter-UAS, with an architecture intended to expand across critical infrastructure, border security, and other autonomous security missions.

Recent Financial and Commercial Highlights

• FY2025: Revenue grew 15% to $5.2 million, with Q4 2025 revenue up 62% year-over-year; the company has stated a target of approximately 100% revenue growth for 2026.
• Q1 2026: Revenue rose 45% year-over-year to $1.1 million (from $765K), with bookings of $3.2 million ($1.1 million domestic and $2.1 million international) and product sales up 186% year-over-year to roughly $0.9 million. Gross margin declined to 62.2% (from 77.8%) as hardware made up a larger share of the mix, and the company reported a net loss of $4.5 million (versus net income of $0.1 million in the prior-year quarter, which had benefited from a $4.0 million non-cash warrant gain). Cash and cash equivalents rose to $7.3 million, aided by a $5.0 million February 2026 private placement.

Market Opportunity

WRAP operates at the intersection of public safety technology, non-lethal intervention, and training solutions. Fortune Business Insights estimates the global non-lethal weapons market was valued at approximately $1.94 billion in 2025 and projects it will grow to approximately $3.25 billion by 2034, a compound annual growth rate of 5.94%. The firm notes that advancements in artificial intelligence, autonomous systems, and drone technologies are contributing to the evolution of non-lethal response capabilities — areas that align with WRAP's expansion into drone-enabled response, counter-UAS initiatives, and the WrapShield™ platform.

The company also participates in the growing market for software-enabled public safety solutions through its WrapReality, WrapTactics, and WrapVision platforms. MarketsandMarkets projects the global law enforcement software market will increase from approximately $20.25 billion in 2025 to $32.96 billion by 2030, a compound annual growth rate of 10.2%. As agencies continue investing in digital training, evidence management, and technology-driven operational readiness, WRAP is positioned across both hardware and software categories within the broader public safety ecosystem.

Leadership Team

Scot Cohen, Co-Founder, Chairman & Chief Executive Officer, has led all rounds of WRAP financing, exceeding $100 million, since founding the company in 2016; previously he co-founded a hedge fund, Iroquois Capital.

Jared Novick, President & Chief Operating Officer, joined as COO in 2024 and was promoted to President in 2025; he previously served as COO of Sidus Space and founded BitVoyant and CurvedSkies.

The company's Board of Directors was expanded to six members in 2025 with the addition of John D. Shulman, Founder and Managing Partner of Juggernaut Capital Partners, a private equity firm with $1B+ in AUM.