Market Newsdesk

Lost Money in Arqit Quantum Inc.?

Gibbs Law Group Urges Arqit Investors to Submit Losses Before Court Deadline

OAKLAND, Calif.–(BUSINESS WIRE)–
An Arqit Quantum Class Action Lawsuit has been filed on behalf of investors who lost money in Arqit Quantum Inc. (NASDAQ: ARQQ) and investors have until July 5, 2022 to seek appointment as lead plaintiff in the case. On Monday, June 13, 2022, shares of Arqit Quantum dropped 15% to reach a new 52-week low, according to Defense World. Previously, shares had plummeted as much as 20% in intraday trading on April 18, 2022, after an article in the Wall Street Journal accused Arqit of making misleading statements to investors about the readiness and utility of its signature encryption system. According to Simply Wall St, Arqit’s share price has dropped 40% in the last year – particularly striking when compared to the overall market decline of 20%. If you purchased or acquired Arqit shares between September 7, 2021 and April 18, 2022, or if you held Centricus Acquisition Corp. securities on August 31, 2021 and were entitled to vote on the merger between Arqit and Centricus, contact Gibbs Law Group for more information about your legal rights.

To speak with an attorney regarding this class action lawsuit investigation, click here or call (888) 410-2925.

The Arqit class action lawsuit alleges, among other things, that the company made misleading statements or didn’t disclose information regarding its encryption technology. The Wall Street Journal states that a large part of Arqit’s pitch when going public via SPAC merger in September 2021 was that its signature Quantum Cloud product was selling well and had helped lock in a secure source of revenue. However, according to the Wall Street Journal, its flagship Quantum Cloud technology “might never apply beyond niche uses.” After speaking with insiders and reviewing documents, The Wall Street Journal also alleges that at IPO time, Arqit had “little more than an early-stage prototype of its encryption system.”

In February 2021, Arqit’s chief revenue officer resigned, reportedly citing concerns that the CEO was “overstating contracts and giving unrealistic revenue projections to potential investors.” Indeed, as reported by Seeking Alpha, Arqit’s CEO claimed the company had “comfortably more money than we need” and they “[didn’t] need to raise any more money, ever.” However, former employees and people familiar with the company claim that in reality, Arqit’s revenue is not from selling its product; instead, they allege that Arqit relies heavily on government research grants to meet its business goals. On May 12, 2022, Arqit announced financial and operational results of the first half of 2022, and reported an operating loss of $14.3 million for that period, significantly higher than the $5.5 million reported for the comparable period in 2021.

Following the allegations in the Wall Street Journal Report, Arqit Quantum stock plummeted over 20% in intraday trading on April 18, 2022 and another 15% on June 13, 2022, causing significant harm to investors.

What ShouldARQQ Investors Do?

If you invested in Arqit Quantum Inc., visit our website or contact our securities team directly at (888) 410-2925 to discuss how you may be able to recover your losses. Our investigation concerns whether Arqit has violated federal securities laws.

About Gibbs Law Group

Gibbs Law Group represents individual and institutional investors throughout the country in securities litigation to correct abusive corporate governance practices, breaches of fiduciary duty, and proxy violations. The firm has recovered over a billion dollars for its clients against some of the world’s largest corporations, and our attorneys have received numerous honors for their work, including “Best Lawyers in America,” “Top Plaintiff Lawyers in California,” “California Lawyer Attorney of the Year,” “Top Class Action Attorneys Under 40,” “Consumer Protection MVP,” and “Top Cybersecurity/ Privacy Attorneys Under 40.”

This press release may constitute Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220628006204/en/

EILEEN EPSTEIN CARNEY

PHONE: 510.350.9728

EMAIL: [email protected]

KEYWORDS: California United States North America

INDUSTRY KEYWORDS: Class Action Lawsuit Professional Services Legal

MEDIA:

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Corpay Cross-Border Announces a New Collaboration with Triterras

Provides Triterras and Kratos platform members access to cross-border payments and foreign currency exchange solutions

SINGAPORE–(BUSINESS WIRE)–
Corpay¹, a FLEETCOR® (NYSE: FLT) brand and global leader in business payments, and Triterras Inc. (OTC Expert Market: TRIRF), a global fintech company and leading innovator of inclusive finance solutions for the world’s micro, small and medium enterprises (MSME’s) are pleased to announce a new collaboration between Corpay’s Cross-Border business and Triterras Inc.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220628005035/en/

Through this collaboration, both Triterras and its Kratos platform members* can gain access to and utilise Corpay’s innovative solutions to help mitigate foreign exchange exposure for their day-to-day business needs. Additionally, Corpay Cross-Border’s award-winning platform will enable both Triterras and Kratos members to manage their global payments from a single point of access. Clients who choose Corpay for their global payments and foreign currency exchange transactions will undergo Corpay Cross-Borders’s onboarding process, which includes but is not limited to due diligence checks and know your client (KYC) procedures.

“We’re very excited to onboard Triterras as a new customer, as well as our new partner. I am confident that both Triterras and Kratos platform members looking to better streamline their payments processes and effectively manage their FX exposure will benefit from access to our comprehensive cross-border payments and currency risk management solutions,” says David Britten, Managing Director APAC, Corpay Cross-Border. “Our team in APAC looks forward to helping these enterprises power their cross-border payments, execute plans to manage their currency risk and support their aspirations to grow their businesses globally.”

“We’re always looking for ways to fortify our Kratos platform to potentially save our clients time and money. Corpay offers Kratos members—as well as Triterras—world-class payments and foreign exchange hedging solutions that give MSMEs a competitive edge and keep their businesses safe. We’re extremely glad to have a relationship and collaborate with Corpay to help make MSMEs run smarter across their daily trading operations,” said Srinivas Koneru, Founder and CEO of Triterras.

About Corpay

Corpay is a global leader in business payments, helping companies of all sizes better track, manage and pay their expenses. Corpay provides customers with a comprehensive suite of online payment solutions including Bill Payment, AP Automation, Cross-Border Payments, Currency Risk Management, and Commercial Card Programs. As the largest commercial issuer of Mastercard in North America, Corpay handles over a billion transactions each year. Corpay is part of the FLEETCOR (NYSE: FLT) portfolio of brands. To learn more visit www.corpay.com.

About Triterras

Triterras is a global fintech company co-headquartered in Singapore and Dubai and leading innovator of inclusive finance solutions for the world’s micro, small and medium enterprises (MSMEs). The company launched and operates Kratos™—one of the world’s largest digital financing platforms–to directly connect MSMEs with lenders online and source capital across commodity trading, supply chain, logistics, and ecommerce finance. For more information, please visit www.triterras.com.

¹“Corpay” (a Fleetcor (NYSE: FLT) brand) in this document primarily refers to the Cross-Border Division of Corpay https://payments.corpay.com/cross-border; a full listing of the companies that are part of the Corpay brand is available here: https://payments.corpay.com/compliance.

* Subject to credit and compliance approval from the relevant Corpay company.

Forward Looking Statements

This press release includes “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Actual results may differ from their expectations, estimates and projections and consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as “expect,” “estimate,” “project,” “budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,” “believes,” “predicts,” “potential,” “continue,” and similar expressions are intended to identify such forward-looking statements. These forward-looking statements include [Triterras’] expectations with respect to future performance, operations and product offerings. These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results. Most of these factors are outside [Triterras’] control and are difficult to predict. Factors that may cause such differences include but are not limited to risks and uncertainties incorporated by reference under “Risk Factors” in [Triterras’ Form 20-F (SEC File No. 001-39693) filed with the U.S. Securities and Exchange Commission (the “SEC”) on March 7, 2022 and in Triterras’ other filings with the SEC] as well as risks related to the adoption and implementation of Corpay to Triterras and the Kratos platform members. [Triterras] cautions that the foregoing list of factors is not exclusive. [Triterras] cautions readers not to place undue reliance upon any forward-looking statements, which speak only as of the date made. [Triterras] does not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in its expectations or any change in events, conditions, or circumstances on which any such statement is based, except as required by law.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220628005035/en/

Corpay:

Brad Loder

VP, Cross-Border Marketing

(647) 627-6635

[email protected]

Triterras, Inc.:

Gregory Papajohn

Office of Corporate Communications

+1 (917) 287-3626

[email protected]

KEYWORDS: Georgia United States Singapore United Arab Emirates North America Asia Pacific Middle East

INDUSTRY KEYWORDS: Professional Services Business Technology Finance Fintech Banking Digital Cash Management/Digital Assets

MEDIA:

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Mogo Announces Results of Its Annual Meeting of Shareholders

VANCOUVER, British Columbia–(BUSINESS WIRE)–
The annual general meeting of shareholders (the “Meeting”) of Mogo Inc. (NASDAQ:MOGO) (TSX:MOGO) (“Mogo” or the “Company”), a digital payments and financial technology company, was held today via live audiocast online and the Company is pleased to announce that all resolutions put forward, being the election of directors, the appointment of the auditors of the Company, and the renewal of the Company’s stock option plan and all unallocated options thereunder, were approved. Each of the matters voted upon at the Meeting is discussed in detail in the Company’s management information circular dated May 24, 2022 (the “Circular”), which can be found under the Company’s profile on SEDAR (www.sedar.com).

The total number of votes cast by shareholders by proxy or online at the Meeting was 29,013,586 votes, representing 37.8% of the Company’s outstanding shares as at May 24, 2022. The voting results are detailed below.

Election of Directors

The nominees listed in the Circular were elected as directors of Mogo. Detailed results of the vote are as follows:

Name of Nominee	Votes For	% Votes For	Votes Withheld	% Votes Withheld
David Feller	19,396,211	84.72	3,498,852	15.28
Gregory Feller	19,351,446	84.52	3,543,617	15.48
Michael Wekerle	17,884,811	78.12	5,010,253	21.88
Christopher Payne	21,060,494	91.99	1,834,570	8.01
Liam Cheung	19,255,058	84.10	3,640,005	15.90
Wendy Rudd	21,006,278	91.75	1,888,785	8.25

Appointment of Auditor

KPMG LLP was re-appointed as auditor of the Company until the next annual general meeting of shareholders of the Company at remuneration to be fixed by the Company’s board of directors. Detailed results of the vote are as follows:

Votes For	% Votes For	Votes Withheld	% Votes Withheld
28,943,621	99.77	66,343	0.23

Approval of Unallocated Options

The Company’s Stock Option Plan and all unallocated options under the Company’s Stock Option Plan were renewed. Detailed results of the vote are as follows:

Votes For	% Votes For	Votes Against	% Votes Against
17,472,977	76.32	5,422,086	23.68

The Company has filed a report of voting results on all resolutions voted upon at the Meeting under its profile on SEDAR at www.sedar.com.

About Mogo

Mogo Inc., one of Canada’s leading financial technology companies, is empowering its 1.9 million members with simple digital solutions to help them get in control of their financial health while also making a positive impact with their money. Through the free Mogo app, consumers can access a digital spending account with Mogo Visa* Platinum Prepaid Card featuring automatic carbon offsetting, easily buy and sell bitcoin, get free monthly credit score monitoring and ID fraud protection and access personal loans and mortgages. Mogo’s new MogoTrade app offers commission-free stock trading that helps users make a positive impact with every investment and together with Moka, Mogo’s wholly-owned subsidiary bringing automated, fully-managed flat-fee investing to Canadians, forms the heart of Mogo’s digital wealth platform. Mogo’s wholly-owned subsidiary, Carta Worldwide, also offers a digital payments platform that powers the next-generation card programs from innovative fintech companies in Europe, North America and APAC. To learn more, please visit mogo.ca or download the mobile app (iOS or Android).

View source version on businesswire.com: https://www.businesswire.com/news/home/20220628006198/en/

Craig Armitage

Investor Relations

[email protected]

(416) 347-8954

US Investor Relations Contact

Lytham Partners, LLC

Ben Shamsian

New York | Phoenix

646-829-9701

[email protected]

KEYWORDS: United States North America Canada

INDUSTRY KEYWORDS: Personal Finance Apps/Applications Mobile/Wireless Technology Payments Finance Fintech Banking Professional Services Digital Cash Management/Digital Assets

MEDIA:

Posted on June 28, 2022 8:07 pm

CULTURE’S BIGGEST NIGHT, “BET AWARDS” 2022 DELIVERS UNPRECEDENTED +34% LINEAR VIEWERSHIP SURGE CLAIMING THE #1 SPOT AS BEST PERFORMING CABLE AWARD SHOW THIS YEAR AMONG P18-49

PR Newswire

WITH OVER 3 MILLION TOTAL VIEWERS ACROSS TEN PARAMOUNT GLOBAL NETS WATCHING SUNDAY, JUNE 26 PREMIERE

DOUBLE DIGIT SHOW RATING INCREASE: UP +23% ON BET ALONE

THE #BETAWARDS IS THE #1 MOST SOCIAL SHOW ON ALL OF TV, DOMINATING ALL SOCIAL PLATFORMS WITH +103 MILLION SOCIAL VIEWS

“BET AWARDS” 2022 ENCORE AIRS THURSDAY, JUNE 30 9P EST

#BETAWARDS

#CULTURESBIGGESTNIGHT

NEW YORK
, June 28, 2022 /PRNewswire/ — Culture’s biggest night, the “BET Awards” 2022, remains the undisputed #1 cable awards show among P 18-49 for the 2022 broadcast season. Celebrating Black excellence, creativity, ingenuity, and innovation, the LIVE award show is now the best performing cable award show with viewership this year* “BET Awards” 2022 premiered Sunday, June 26, and drew 3.2 MM Total Viewers P2+ (EDAC), as it was simulcast LIVE across 10 Paramount Global networks, including BET, BET Her, Comedy Central, Logo, MTV, MTV2, Pop, TV Land, and VH1, up +34% vs last year. 2.1 MM Total Viewers P2+ tuned in on BET alone.* BET now holds the Top 2 Cable award shows of 2022 for Black viewers: “BET Awards” 2022 (#1) and “NAACP Image Awards” (#2).* The special, jammed-packed with must-see moments, secured the #1 Most Social Show on ALL of TV. The “BET Awards” 2022 was the #1 most-watched TV show on social and the best-performing telecast on BET Digital ever across Instagram Reels, YouTube, and Facebook with +103 MM social views.** #BETAwards trended on Twitter in the #1 spot consecutively for five hours worldwide. Fans can catch an encore presentation on Thursday, June 30 at 9 PM ET/PT on BET.

“We couldn’t be more thrilled about this year’s ratings! Every year, we strive to have the BET Awards celebrate and reflect that which is best and most important to our community and culture in our hope to inspire them to dream big and take action.  I salute my colleagues for delivering an event that has so profoundly resonated, “said Scott Mills, CEO of BET.   

“We always knew we had a very special show, but now the ratings confirmed we are truly culture’s biggest night! We are grateful to our audience for tuning in live and on social media, all who stepped on stage, from the artists who delivered show-stopping performances and their teams, to our winners, nominees and presenters. We could not be more proud,” said Connie Orlando BET EVP, Specials, Music Programming & Music Strategy.

Hosted by Academy Award®-nominated and Golden Globe®-winning actor, writer, director, producer, and philanthropist Taraji P. Henson, “BET Awards” 2022 honored Black excellence in music, television, film, and sports across more than 20 categories. The iconic show aired live Sunday, June 26 at 8 PM ET/ PT on BET from the Microsoft Theater in Los Angeles. Silk Sonic (Bruno Mars, Anderson .Paak), Jazmine Sullivan, Kirk Franklin, and Tems took top honors. An array of artists delivered unforgettable and sensational surprise performances, including Lizzo who opened the show with a stunning high-energy performance of “About Damn Time” from her forthcoming album Special. Many artists also spoke out about the repeal of Roe v Wade and Gun Control. The night also included a star-studded tribute to Sean “Diddy” Combs, who was honored with the BET Lifetime Achievement Award. The celeb-filled show featured performances, appearances by Babyface, Big Freedia, Billy Porter, Bleu, Brandy, Bryson Tiller, Busta Rhymes, Carl Anthony Payne II, Chance The Rapper, Chlöe, Crystal Hayslett, Daniel Kaluuya, Dashaun Wesley, Debbie Allen, Doechii, Dominique Jackson, Ebony Obsidian, Ella Mai, Eva Marcille, Faith Evans, Fireboy DML,  GIVĒON,GoGo MorrowIdris Elba, Jack Harlow, Joey Bada$$,  Irv Gotti, Janelle Monáe, Jodeci, Kandi Burruss, Keke Palmer, Kanye West, Kevin Prodigy, Franklin, KJ Smith, Latto, Lil’ Kim, Lil Wayne, Lizzo,Luke James, LUKE LAWAL JR, MC Lyte, Mariah Carey, Marsai Martin, Mary J. Blige, Maverick City Music, MC Lyte, Mignon, Muni Long, Nene Leakes, Ne-Yo, Novi Brown, OGI, Paula Patton,Ray J, Roddy Ricch, Sanaa Lathan, Serayah, Shannon Balenciaga, Shaun Ross, Shyne, Tamar Braxton, Terrence J, The Lox, Tisha Campbell, Will Packer, Young Dirty Bastard, and many more!

The “BET Awards” 2022 celebrated the very best in entertainment and culture with performances and appearances by an inspiring lineup of artists, entertainers, and cultural icons. The “BET Awards,” which has become synonymous with powerful Black artistry and social commentary, continued to spotlight and celebrate the artists and creators of tomorrow, making the ceremony one of the most news-provoking and talked-about broadcasts year after year.

Internationally, the show was simulcast on BET Africa, BET France and will be available to watch on My5 and Sky On-Demand in the UK, as well as BET Pluto in the UK and Brazil. 

• 
  “BET Awards”
  
  2022 Images (Photo Credit: Getty Images for BET): Click
  
  HERE
  
• 
  “BET Awards”
  
  2022 Clips (Courtesy of BET): Click
  
  HERE
  
• For a full recap of “BET Awards” 2022 including the complete list of winners and show show highlights, Click HERE

Connie Orlando
, BET’s Executive Vice President, Specials, Music Programming, Music Strategy, and News oversaw the annual show as an Executive Producer, along with Jamal Noisette, VP, Specials, Music Programming & Music Strategy, who will serve as Co-Executive Producer for BET. Jesse Collins Entertainment is the production company for the show with Jesse Collins, Dionne Harmon, and Jeannae Rouzan-Clay serving as Executive Producers.

Relive the “BET AWARDS” 2022 digital red carpet via the live stream powered by Bulldog DM, available on BET’s official YouTube page.

For more information on the “BET Awards” 2022, please visit BET.com/bet-awards.

*Source: Nielsen (Live+SD) | Viewership % increases based on EDAC Coverage Rating (cumulative sum of avg imps of simulcast nets over BET coverage universe | Tentpole ranker based on Imps ranking on home network only (cable only)

**Social Source:
YouTube Analytics, Instagram, Conviva, ListenFirst, Tubular, Adobe Analytics; 5/1/22 – 6/26/22, as of 9am; Talkwalker Social Content Ratings, GetDayTrends; 6/26/22 

ABOUT BET:

BET, a unit of Paramount (NASDAQ: PARAA; PARA; PARAP), is the nation’s leading provider of quality entertainment, music, news and public affairs television programming for the African American audience. The primary BET channel is in 125 million households and can be seen in the United States, Canada, the Caribbean, the United Kingdom, sub-Saharan Africa and France. BET is the dominant African-American consumer brand with a diverse group of business extensions including BET+, the preeminent streaming service for the Black audience; BET.com, a leading Internet destination for Black entertainment, music, culture, and news; BET HER, a 24-hour entertainment network targeting the African-American Woman; BET Music Networks – BET Jams, BET Soul and BET Gospel; BET Home Entertainment; BET Live, a growing BET festival business; BET Mobile, which provides ringtones, games and video content for wireless devices; and BET International, which operates BET around the globe.

ABOUT “BET AWARDS”

“BET Awards” is one of the most-watched award shows on cable television according to the Nielsen Company. The “BET Awards” franchise remains the #1 program in cable TV history among African-Americans, and it is the #1 telecast for BET every year. It recognizes the triumphs and successes of artists, entertainers, and athletes in a variety of categories.

ABOUT JESSE COLLINS ENTERTAINMENT

Jesse Collins Entertainment (JCE) is a full-service television and film production company and has played an integral role in producing many of television’s most memorable moments in music entertainment.  JCE has a multi-year overall agreement with ViacomCBS Cable Networks.  On the theatrical film side, the company also has a first look on JCE’s film development projects which could include Viacom’s film entities such as Paramount Players.  The award-winning and critically acclaimed television that JCE has produced includes miniseries—The New Edition Story and The Bobby Brown Story; scripted series—American Soul and Real Husbands of Hollywood; children’s series—Bookmarks: Celebrating Black Voices; award shows—BET Awards, Black Girls Rock!,BET Honors, UNCF’s An Evening of Stars, BET Hip Hop Awards, ABFF Honors and Soul Train Awards; specials—John Lewis: Celebrating A Hero, Love & Happiness: An Obama Celebration, Change Together: From The March On Washington To Today, Stand Up for Heroes, Dear Mama, Amanda Seales I Be Knowin’, Def Comedy Jam 25 and Leslie Jones: Time Machine; as well as competition/game shows—Sunday Best, Hip Hop Squares, Nashville Squares and Rhythm & Flow.  Jesse Collins, founder and CEO of the company, is the executive producer of all programming.  He is also a co-executive producer for the iconic GRAMMY® Awards.  Most recently, he was executive producer of The 2021 Pepsi Super Bowl Halftime Show and produced The 2021 Academy Awards®.  Go to jessecollinsent.com for more information on the company.

Follow us @BET_PR AND @BETAWARDS

View original content to download multimedia:https://www.prnewswire.com/news-releases/cultures-biggest-night-bet-awards-2022-delivers-unprecedented-34-linear-viewership-surge-claiming-the-1-spot-as-best-performing-cable-award-show-this-year-among-p18-49-301577454.html

SOURCE BET

Posted on June 28, 2022 8:04 pm

Climate Impact X Selects Nasdaq Technology to Power New Global Carbon Exchange

• Cloud-based SaaS technology from Nasdaq to underpin CIX’s third platform – a spot exchange for quality carbon credits
• Partnership brings cutting-edge trading functionalities to the voluntary carbon market for the first time to serve the growing needs of financial institutions and institutional investors
• Slated for launch in early 2023, the exchange will enable two-way spot trading via standardised contracts, increasing access to transparent pricing signals and real-time market data
  

NEW YORK and SINGAPORE, June 28, 2022 (GLOBE NEWSWIRE) — Nasdaq (Nasdaq: NDAQ) and Climate Impact X (CIX), a global marketplace and exchange for quality carbon credits, today announced a strategic technology partnership that will help unlock price transparency and liquidity in the voluntary carbon market. The agreement will see CIX leverage Nasdaq’s robust matching technology to power its spot trading platform, which will launch in early 2023 for financial institutions and institutional investors worldwide.

Carbon credits have a range of attributes that can influence their price – such as the type of project or its location – since buyers value these characteristics differently. This inconsistency creates challenges in matching an individual buyer with a corresponding supplier, and can often be a time-consuming and inefficient process.ⁱ

Through Nasdaq’s Marketplace Services Platform, CIX will enable resilient and dynamically scalable trading in a cloud-based Software-as-a-Service (SaaS) environment. Furthermore, CIX’s spot exchange will match buyers and sellers based on unique requirements. This helps ensure that buyers are procuring quality credits that meet their regulatory obligations among other needs, while removing bottlenecks to supplier financing, further enabling the growth and development of the global carbon markets.

Designed according to rigorous regulatory, reliability and security standards proven in the financial industry, Nasdaq’s technology will enable CIX to bring exchange-grade trading functionalities to the voluntary carbon market. This will cater to the increasingly complex needs of buyers and sellers of standardised contracts.

Established as a joint venture between DBS Bank, Singapore Exchange (SGX Group), Standard Chartered and Temasek, CIX brings to life a vision to drive environmental impact at scale by building resilient platforms, collaborating with innovative partners, and fostering ecosystems that help companies take practical climate action. The upcoming launch of its spot exchange rounds out the suite of platforms CIX is developing to flexibly serve the market as well as create strong demand and pricing signals.

“One of CIX’s goals is to create strong pricing signals for the liquid market. Enabling a trade matching process that is as seamless as possible will help to simplify the buyer’s journey and improve price transparency in the voluntary carbon market,” said Mikkel Larsen, Chief Executive Officer of CIX. “Nasdaq brings unparalleled expertise in matching technology. We are pleased to join forces on our journey to build a global carbon exchange that is underpinned by quality and transparency.”

“As a technology partner to trusted market infrastructure operators and new markets around the world, Nasdaq is uniquely positioned to collaborate with a marketplace innovator like CIX to bring their bold climate vision to life through our SaaS technology platform,” said Roland Chai, Executive Vice President and Head of Market Platforms, Nasdaq. “We look forward to partner with CIX to develop and evolve the global carbon industry.”

The technology agreement between CIX and Nasdaq is the most recent step in Nasdaq’s efforts in the intersection of carbon transformation and technology space. Earlier in 2022, Nasdaq launched the world’s first carbon removal indexes. Meanwhile, CIX and Nasdaq partner Puro.earth recently announced a strategic partnership to increase access to quality nature- and technology-based carbon removal credits.

Nasdaq’s end-to-end market technology powers more than 2,300 companies in 50 countries, spanning the world’s financial industry, including capital markets infrastructure operators, market participants, banks, and regulators.

About Nasdaq

Nasdaq (Nasdaq: NDAQ) is a global technology company serving the capital markets and other industries. Our diverse offering of data, analytics, software, and services enables clients to optimize and execute their business vision with confidence. To learn more about the company, technology solutions and career opportunities, visit us on LinkedIn, on Twitter @Nasdaq, or at www.nasdaq.com

About Climate Impact X

Jointly established by DBS Bank, Singapore Exchange (SGX Group), Standard Chartered and Temasek, Climate Impact X (CIX) is a global marketplace and exchange for quality carbon credits based in Singapore. CIX maintains a high-quality threshold for carbon credits offered on its platforms and is committed to a high-integrity approach to scaling the voluntary carbon market. CIX is developing several platforms and products to flexibly serve different needs of carbon credit buyers and suppliers. The CIX Project Marketplace (launched February 2022) offers quality carbon credits that can meet corporate sustainability objectives. CIX’s Auction platform is a specialised digital venue for discovering prices of unique credit types, newly issued credits and customised portfolios of projects through the efficient aggregation of market supply and demand. The exchange will enable two-way spot trading of quality credits through standardised contracts, hosting liquid contracts and providing the market with clearer price transparency and risk management solutions.

For more information, please contact:

Nasdaq

Yan-yan Tong
[email protected]
+1 240 721 80 66

Climate Impact X

Daphne Chuah
[email protected]

---

ⁱ McKinsey and the Taskforce on Scaling Voluntary Carbon Markets (2021): https://www.mckinsey.com/business-functions/sustainability/our-insights/a-blueprint-for-scaling-voluntary-carbon-markets-to-meet-the-climate-challenge

– NDAQG –

Posted on June 28, 2022 8:03 pm

Join Smart City and Utility Industry Leaders for Second Annual Itron Inspire APAC

Join Smart City and Utility Industry Leaders for Second Annual Itron Inspire APAC

Itron’s Customer Event Brings Energy Experts Together Virtually to Unlock Innovation and Drive the Industry Forward

LIBERTY LAKE, Wash.–(BUSINESS WIRE)–
Itron, Inc. (NASDAQ: ITRI), which is innovating the way utilities and cities manage energy and water, announced that its annual event, Itron Inspire APAC 2022, will take place virtuallyJuly 26-27, 2022. The customer-focused event will feature a lineup of engaging sessions facilitated by industry leaders highlighting current trends, use cases, customer and consumer experiences, benefits realized and more.

“We are delighted to host our second regional Itron Inspire APAC conference for customers, partners and prospects in the Asia-Pacific region,” said Marina Donovan, vice president of global marketing and public affairs at Itron. “We recognize how invaluable it is to come together as an industry to share lessons, discuss insights and tackle challenges. Together with our customers and partners, we look forward to showcasing how more intelligence leads to more possibilities and enables our industry to face its most pressing challenges, including aging infrastructure, an influx of distributed energy resources and increased consumer expectations.”

“Itron Inspire APAC is focused on gathering utilities, cities and thought leaders together to address industry challenges, improve operations and transform the industry,” said Paul Nelsen, vice president of sales, APAC at Itron. “We couldn’t be more excited to continue the conversation from last year’s event and to open the door to more opportunities with our valued customers and partners in the APAC region.”

Itron Inspire APAC 2022 will be offered virtually and at no charge. All content and subtitles will be in English. After the event, content will be available on demand until Wednesday, Aug. 24, 2022.

What: Itron Inspire APAC 2022 includes a lineup of industry-led breakout sessions about trends and best practices; insightful keynotes from industry leaders; engaging and thought-provoking panels; and an interactive product showcase of Itron solutions.

When: July 26-27, 2022

Where: Online

Sessions: Keynote and featured sessions include:

• Opening Keynote: More Intelligence, More Possibilities with Tom Deitrich
• Breakout Sessions: Tailored breakout sessions provide the opportunity to learn from industry peers and Itron employees who have a firsthand understanding of the issues at play. Among the topics that will be covered are:
  • Path to the Truth: Realizing Operational Efficiency with IE
  • The Journey to AEMO’s Five-Minute Settlement Rule
  • Seeking Flexibility and Interoperability Beyond Traditional AMI
  • Leveraging Digital Twin Technology to Integrate EV Infrastructure
  • Sustainable Transformation through Next Generation AMI
  • Distributed Intelligence: Pioneering the Vision & Realizing the Future
  • DER in Australia: The Clear and Present Challenges
  • Challenges and the Journey Towards Effective Integrated Water Management Solutions
  • Accelerating Operational Excellence with Load Forecasting
  • Water Operations Management
  • Digital Utilities: Beyond the AMI Network
  • Building and Delivering the Value of a Smart City
• Closing Keynote: Itron Inspire APAC 2022, Paul Nelsen

To keep up with live updates throughout the conference, read the Itron blog and follow Itron and #ItronInspireAPAC22 on social media. There is no charge to attend and event registration is open for Itron customers, prospects and partners. For more information, visit the Itron Inspire APAC landing page.

About Itron

Itron enables utilities and cities to safely, securely and reliably deliver critical infrastructure solutions to communities in more than 100 countries. Our portfolio of smart networks, software, services, meters and sensors helps our customers better manage electricity, gas and water resources for the people they serve. By working with our customers to ensure their success, we help improve the quality of life, ensure the safety and promote the well-being of millions of people around the globe. Itron is dedicated to creating a more resourceful world. Join us: www.itron.com.

Itron^® is a registered trademark of Itron, Inc. All third-party trademarks are property of their respective owners and any usage herein does not suggest or imply any relationship between Itron and the third party unless expressly stated.

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Itron, Inc.

Alison Mallahan

Senior Manager, Corporate Communications

509-891-3802

[email protected]

KEYWORDS: Washington United States North America Asia Pacific

INDUSTRY KEYWORDS: Data Management Technology Sustainability Public Policy/Government Mobile/Wireless Apps/Applications Environment Other Energy Utilities Oil/Gas Alternative Energy Energy IOT (Internet of Things) Other Natural Resources Software Networks Internet State/Local Hardware Natural Resources

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XAI Octagon Floating Rate & Alternative Income Term Trust Announces Private Placement of Convertible Preferred Shares and Registered Direct Placement of Common Shares

CHICAGO–(BUSINESS WIRE)–
XAI Octagon Floating Rate & Alternative Income Term Trust (the “Trust”) (NYSE: XFLT), a diversified, closed-end management investment company with an investment objective to seek attractive total return with an emphasis on income generation across multiple stages of the credit cycle, has entered into a Purchase Agreement with certain institutional investors for the purchase and sale of 400,000 shares of the Trust’s 6.00% Series 2029 Convertible Preferred Shares due June 2029 (the “Convertible Preferred Shares”), liquidation preference $25.00 per share. The Trust expects to receive net proceeds (before expenses) from the sale of the Convertible Preferred Shares of approximately $9.3 million. The offering is expected to close on or about June 30, 2022, subject to the satisfaction of customary closing conditions. In addition, pursuant to Purchase Agreement, the investors have agreed to purchase up to 800,000 additional shares of Convertible Preferred Shares, at one or more subsequent closings on or before June 30, 2023 as determined by the Trust in its discretion.

The Convertible Preferred Shares pay a quarterly dividend at a fixed annual rate of 6.00% of the liquidation preference, or $1.50 per share, per year.

The Trust is required to redeem, out of funds legally available therefor, all outstanding Convertible Preferred Shares on June 30, 2029, or the “Term Redemption Date,” at a price equal to the liquidation preference plus an amount equal to accumulated but unpaid dividends and distributions, if any, on such shares (whether or not earned or declared, but excluding interest on such dividends) to, but excluding, the Term Redemption Date.

At any time on or after June 30, 2024, at the Trust’s sole option, the Trust may redeem, from time to time, the Convertible Preferred Shares in whole or in part, out of funds legally available for such redemption, at a price per share equal to the sum of the liquidation preference plus an amount equal to accumulated but unpaid dividends, if any, on such shares (whether or not earned or declared, but excluding interest on such dividends) to, but excluding, the date fixed for such redemption.

Each holder of a Convertible Preferred Share shall have the right, at such holder’s option, to convert any such Convertible Preferred Share, at any time on or after the date six months after the issuance date of the Convertible Preferred Share (the “Convertibility Date”) and prior to the close of business on the business day immediately preceding the Term Redemption Date, into such number of common shares of beneficial interest (“Common Shares”) equal to the liquidation preference of the Convertible Preferred Share plus an amount equal to all unpaid dividends and distributions on such Share accumulated to (but excluding) the date of exercise, divided by the Conversion Price. The “Conversion Price” is the greater of (i) the market price per Common Share, represented by the five-day volume-weighted average price (“VWAP”) per Common Share ending on the trading day immediately preceding the date of exercise, or (ii) the Trust’s most recently reported net asset value per Common Share immediately prior to the date of exercise.

The Convertible Preferred Shares will not be listed on any exchange and may not be transferred without the consent of the Trust.

Additional information regarding the Convertible Preferred Shares are included in a Current Report on Form 8-K to be filed with the U.S. Securities and Exchange Commission (“SEC”).

The Convertible Preferred Shares were offered directly to the purchasers without a placement agent, underwriter, broker or dealer.

The Convertible Preferred Shares and the Common Shares into which the Convertible Preferred Shares are convertible are being issued in reliance upon an exemption from registration under the Securities Act of 1933 (the “Securities Act”) and have not been registered under the Securities Act or any state securities laws and may not be offered or sold in the United States absent registration with the SEC or an applicable exemption from such registration requirements.

This press release shall not constitute an offer to sell or a solicitation of an offer to buy the Convertible Preferred Shares, nor shall there be any sale of Convertible Preferred Shares in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of such jurisdiction.

Concurrently, the Trust has entered into a Purchase Agreement with certain institutional investors for the purchase and sale of Common Shares in a registered direct placement pursuant to the Trust’s effective shelf registration statement filed with the SEC. The Trust has agreed to sell 1,450,000 Common Shares at a price of $6.90 per Common Share. The offering is expected to close on or about June 30, 2022, subject to the satisfaction of customary closing conditions. The Trust expects to receive net proceeds (before expenses) from the sale of Common Shares of approximately $10 million.

The Common Shares were offered directly to the purchasers without a placement agent, underwriter, broker or dealer.

The offering of Common Shares may be made only by means of a prospectus.

Investors should consider the investment objectives and policies, risk considerations, charges and expenses of the Trust carefully before investing. The preliminary prospectus supplement, dated June 28, 2022, and accompanying prospectus, dated February 10, 2022, each of which has been filed with the SEC, contain a description of these matters and other important information about the Trust and should be read carefully before investing.

Copies of the preliminary prospectus supplement and accompanying prospectus may be obtained from: XA Investments, Attn: Investor Relations, 321 N. Clark, Suite 2430, Chicago, IL 60654, or by emailing [email protected], or by calling 1-888-903-3358.

Investors may also obtain these documents free of charge from the SEC’s website at www.sec.gov.

The information in the preliminary prospectus supplement, the accompanying prospectus and this press release is not complete and may be changed. This press release shall not constitute an offer to sell or a solicitation to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer or solicitation or sale would be unlawful prior to registration or qualification under the laws of such state or jurisdiction.

The Trust intends to use the net proceeds from the offerings to invest in accordance with its investment objective and policies, to pay down outstanding borrowings under its credit facility and/or for general working capital purposes.

About XA Investments

XA Investments LLC (“XAI”) serves as the Trust’s investment adviser. XAI is a Chicago-based firm founded by XMS Capital Partners in April, 2016. In addition to investment advisory services, the firm also provides investment fund structuring and consulting services focused on registered closed-end funds to meet institutional client needs. XAI offers custom product build and consulting services, including development and market research, sales, marketing, fund management and administration. XAI believes that the investing public can benefit from new vehicles to access a broad range of alternative investment strategies and managers. XAI provides individual investors with access to institutional-caliber alternative managers. For more information, please visit www.xainvestments.com.

About XMS Capital Partners

XMS Capital Partners, LLC, established in 2006, is a global, independent financial services firm providing M&A, corporate advisory and asset management services to clients. It has offices in Chicago, Boston and London. For more information, please visit www.xmscapital.com.

About Octagon Credit Investors

Octagon Credit Investors, LLC (“Octagon”) serves as the Trust’s investment sub-adviser. Octagon is a 25+ year old, $32.1B below-investment grade corporate credit investment adviser focused on leveraged loan, high yield bond and structured credit (CLO debt and equity) investments. Through fundamental credit analysis and active portfolio management, Octagon’s investment team identifies attractive relative value opportunities across below-investment grade asset classes, sectors and issuers. Octagon’s investment philosophy and methodology encourage and rely upon dynamic internal communication to manage portfolio risk. Over its history, the firm has applied a disciplined, repeatable and scalable approach in its effort to generate attractive risk-adjusted returns for its investors. For more information, please visit www.octagoncredit.com.

* * *

The Trust, XAI and Octagon do not provide tax advice; consult a professional tax advisor regarding your specific tax situation. Income may be subject to state and local taxes, as well as the federal alternative minimum tax.

This press release contains certain statements that may include “forward-looking statements.” Forward-looking statements can be identified by the words “may,” “will,” “intend,” “expect,” “estimate,” “continue,” “plan,” “anticipate,” and similar terms and the negatives of such terms. By their nature, all forward-looking statements involve risks and uncertainties, and actual results could differ materially from those contemplated by the forward-looking statements. Many factors that could materially affect the Trust’s actual results are the performance of the portfolio of securities held by the Trust, the conditions in the U.S. and international financial and other markets, the price at which Preferred Shares trade in the public markets and other factors discussed in the Trust’s prospectus supplement and accompanying base prospectus and to be discussed in the Trust’s periodic filings with the SEC.

Although the Trust believes that the expectations expressed in such forward-looking statements are reasonable, actual results could differ materially from those expressed or implied in such forward-looking statements. The Trust’s future financial condition and results of operations, as well as any forward-looking statements, are subject to change and are subject to inherent risks and uncertainties. You are cautioned not to place undue reliance on these forward-looking statements, which are made as of the date of this press release. Except for the Trust’s ongoing obligations under the federal securities laws, the Trust does not intend, and the Trust undertakes no obligation, to update any forward-looking statement.

NOT FDIC INSURED NO BANK GUARANTEE MAY LOSE VALUE

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Kimberly Flynn, Managing Director

XA Investments LLC

Phone: 1-888-903-3358

Email: [email protected]

www.xainvestments.com

KEYWORDS: Illinois United States North America

INDUSTRY KEYWORDS: Professional Services Finance

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Hewlett Packard Enterprise Expands Compute Portfolio with New Servers Based on Cloud-Native Silicon

HPE becomes first tier-one server provider to offer compute with optimized cloud-native silicon for service providers and enterprises embracing cloud-native development

New line of HPE ProLiant RL Gen11 servers, using Ampere® Altra® and Ampere® Altra® Max processors, delivering high performance and power efficiency

LAS VEGAS–(BUSINESS WIRE)–HPE Discover 2022 – Hewlett Packard Enterprise (NYSE: HPE) today announced that it is the first major server provider to deliver a new line of cloud-native compute solutions using processors from Ampere. The new HPE solutions provide service providers and enterprises embracing cloud-native development with an agile, extensible, and trusted compute foundation to drive innovation.

Available in Q3 2022, the new HPE ProLiant RL300 Gen11 server is the first in a series of HPE ProLiant RL Gen11 servers that deliver next-generation compute performance with higher power efficiency using Ampere® Altra®and Ampere Altra® Max cloud-native processors.

New HPE ProLiant RL300 Gen11 server

“Service providers and digital-first enterprises are at the forefront of the next major compute infrastructure build-out. These organizations understand that agility, flexibility, and innovation start with compute,” said Neil MacDonald, executive vice president and general manager, Compute, HPE. “They also realize that traditional ODM boxes simply won’t cut it in a market that demands depth of IP, performance, reliability, security, and control. This is where HPE steps in and why we chose Ampere.”

“Ampere is excited to be the first cloud native and newest member of the HPE ProLiant family,” said Renee J. James, Founder and CEO, Ampere. “The cloud is the growth engine of our industry but demands a modern processor that is both high performance and very power efficient to meet the global ESG demands. HPE is taking a leadership position in delivering cloud native Ampere Altra and Altra Max based ProLiant systems to Enterprise customers and Service Providers deploying cloud technologies.”

HPE expands leadership in compute to fuel emerging markets in cloud-native workloads

Building on 30 years of leadership in delivering compute innovation, HPE is now extending its automated, secure, and versatile compute solutions to the rapidly growing service provider market, as well as digital-first enterprises embracing cloud-native development.

The new offerings from HPE deliver high performance and power efficiency to support a wide range of evolving applications and use cases. The new HPE ProLiant RL Gen 11 servers provide a single socket that delivers up to 128 cores per socket for scale-out compute. These servers are ideally suited for customers that offer digital services, media streaming, social platforms, e-commerce, financial, or online services, and cloud-based services such as IaaS, PaaS and SaaS.

CloudSigma becomes early adopter of the HPE ProLiant RL servers

CloudSigma, a pure-cloud IaaS and PaaS provider with advanced hybrid hosting solutions enabling the digital industrial economy, offers highly-available, flexible, enterprise-class cloud servers and cloud hosting solutions in Europe, The US, APAC, and the Middle East in over 20 locations. CloudSigma is one of the most customizable cloud providers on the market, giving customers full control over their cloud and eliminating restrictions on how users deploy their computing resources.

As a provider of customized clouds, CloudSigma required an agile and open platform that delivered predictable cost and high-performance, and selected the HPE ProLiant RL300 server to meet its needs.

“Based on our benchmarking, the HPE ProLiant RL300 Gen11 server with Ampere processors, is delivering a significantly higher power efficiency,” said Robert Jenkin, CEO at CloudSigma. “This is allowing us to both meet our improved sustainability goals and provide a lower cost of delivery to our end customers.”

Availability

The HPE ProLiant RL300 Gen11 server will be available worldwide for purchase or as-a-service through HPE GreenLake in calendar year Q3 2022, through HPE and HPE’s Channel partners.

About Hewlett Packard Enterprise

Hewlett Packard Enterprise (NYSE: HPE) is the global edge-to-cloud company that helps organizations accelerate outcomes by unlocking value from all of their data, everywhere. Built on decades of reimagining the future and innovating to advance the way people live and work, HPE delivers unique, open and intelligent technology solutions as a service. With offerings spanning Cloud Services, Compute, High Performance Computing & AI, Intelligent Edge, Software, and Storage, HPE provides a consistent experience across all clouds and edges, helping customers develop new business models, engage in new ways, and increase operational performance. For more information, visit: www.hpe.com

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Nahren Khizeran

[email protected]

KEYWORDS: Nevada United States North America

INDUSTRY KEYWORDS: Data Management Technology Other Technology Telecommunications Software Hardware

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Posted on June 28, 2022 7:28 pm

ExxonMobil Announces Sale of Interests in Montney and Duvernay Canadian Assets

ExxonMobil Announces Sale of Interests in Montney and Duvernay Canadian Assets

IRVING, Texas–(BUSINESS WIRE)–
ExxonMobil said today that its Canadian affiliates, Imperial and ExxonMobil Canada, have entered into an agreement with Whitecap Resources Inc. for the sale of XTO Energy Canada, which is jointly owned by Imperial and ExxonMobil Canada.

The sale, for a total cash consideration of about U.S. $1.47 billion, is expected to close before the end of the third quarter, subject to regulatory approvals.

The sale completes the marketing effort announced in January, and is consistent with ExxonMobil’s strategy to focus upstream resources on key assets to deliver long-term value to shareholders.

The assets include 567,000 net acres in the Montney shale, 72,000 net acres in the Duvernay shale and additional acreage in other areas of Alberta. Net production from these assets is about 140 million cubic feet of natural gas per day and about 9,000 barrels per day of crude, condensate and natural gas liquids.

RBC Capital Markets acted as exclusive financial advisor to Imperial and ExxonMobil Canada in connection with the transaction.

About ExxonMobil

ExxonMobil, one of the largest publicly traded international energy and petrochemical companies, creates solutions that improve quality of life and meet society’s evolving needs.

The corporation’s primary businesses – Upstream, Product Solutions and Low Carbon Solutions – provide products that enable modern life, including energy, chemicals, lubricants, and lower-emissions technologies. ExxonMobil holds an industry-leading portfolio of resources, and is one of the largest integrated fuels, lubricants and chemical companies in the world. To learn more, visit exxonmobil.com and the Energy Factor.

Follow us on Twitter and LinkedIn.

Cautionary Statement

Statements of future events or conditions in this release are forward-looking statements. Actual future results, including closing of agreed divestments and realization of payments; performance of and results from other investments; and other business plans, could vary significantly depending on a number of factors including the supply and demand for oil, gas, and petroleum products and other market factors affecting the oil, gas, and petrochemical industries; the severity, length and ultimate impact of COVID-19 on people and economies and actions of governments in response to the pandemic; obtaining necessary approvals and consents and satisfaction of other conditions precedent contained in the applicable agreements; the development and competitiveness of alternative technologies; actions of competitors and commercial counterparties; political and regulatory developments including environmental regulations; and other factors discussed in this release and under Item 1A Risk Factors in ExxonMobil’s most recent annual report on Form 10-K and under the heading “Factors Affecting Future Results” on the Investors page of our website at exxonmobil.com.

Exxon Mobil Corporation has numerous affiliates, many with names that include ExxonMobil, Exxon, Mobil, Esso, and XTO. For convenience and simplicity, those terms and terms such as Corporation, company, our, we, and its are sometimes used as abbreviated references to specific affiliates or affiliate groups. Nothing contained herein is intended to override the corporate separateness of affiliated companies.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220628006181/en/

ExxonMobil Media Relations

(972) 940-6007

KEYWORDS: United States North America Canada Texas

INDUSTRY KEYWORDS: Other Natural Resources Chemicals/Plastics Oil/Gas Manufacturing Energy Natural Resources

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