SONIFI, a Leading Provider of Hotel Technology, Selects Ooma for Phone and Communications Services

SONIFI, a Leading Provider of Hotel Technology, Selects Ooma for Phone and Communications Services

SUNNYVALE, Calif.–(BUSINESS WIRE)–Ooma, Inc., a provider of advanced communications services for businesses and consumers, today announced that SONIFI, a leading provider of hotel technology, has selected Ooma phone and communications services to offer to SONIFI customers.

SONIFI delivers Wi-Fi®, in-room entertainment and related services to more than a million rooms across 5,000 hotel properties around the world. For the first time, SONIFI is expanding into voice communications with offerings from Ooma that include:

  • Unified communications – a full-featured cloud-based service for front desk and back office workers with phone, videoconferencing, chat and more
  • SIP trunking – replacement of legacy on-premise PBX systems with voice over internet (VoIP) lines, reducing costs and complexity while preserving existing room phones
  • POTS replacement – a turnkey solution for replacing obsolescent copper-wire phone lines, also known as plain old telephone service or POTS, with reliable and secure connections for life-safety devices such as fire alarm panels and elevator phones
  • Internet backup – wireless internet backup to keep hotels connected during broadband outages
  • Integration with property management systems – links to leading property management software (PMS) platforms to smoothly manage features such as wake-up calls, voice messages and room service orders

“We picked Ooma as our telecommunications partner because of the wide range of solutions they offer and because they have more than two decades of experience in delivering high-quality services,” said Paul Johnson, SONIFI’s senior vice president of strategic accounts and internet services. “Our customers rely on SONIFI’s expertise to deliver the best guest technology experiences. We’re proud to recommend Ooma to our customers for their telephony needs.”

“We’re delighted to be chosen by SONIFI because we know how much hotel operators trust them to provide solutions that are both powerful and cost-effective,” said Rajesh Shah, Ooma’s director of strategic sales. “We look forward to helping SONIFI customers migrate away from aging on-premise systems, as well as maximize efficiency in new facilities.”

About SONIFI

SONIFI is the largest guest technology provider in hospitality, deployed in more than a million rooms across 5,000 properties around the world. Global brands, ownership and management groups, and hotels of all chain scales trust SONIFI to deliver the best experiences with Wi-Fi, interactive TV, streaming and in-room entertainment. Learn more at sonifi.com.

About Ooma

Ooma (NYSE: OOMA) delivers phone, messaging, video and advanced communications services that are easy to implement and provide great value. Founded in 2003, the company offers Ooma Office for small to medium-sized businesses seeking enterprise-grade features designed for their needs; Ooma AirDial for any business looking to replace aging and increasingly expensive copper phone lines; Ooma 2600Hz for businesses that provide their own communications solutions built on an outsourced underlying platform; and Ooma Telo for residential consumers who value a landline experience at a more affordable price point. Ooma’s award-winning solutions power more than 1.2 million users today. Learn more at www.ooma.com in the United States or www.ooma.ca in Canada.

MEDIA CONTACT:

Mike Langberg at Ooma

[email protected]

(650) 566-6693

INVESTOR CONTACT:

Matt Robison at Ooma

[email protected]

(650) 300-1480

KEYWORDS: United States North America California

INDUSTRY KEYWORDS: Technology Mobile/Wireless Telecommunications Professional Services Small Business Internet Lodging Travel VoIP

MEDIA:

authID Publishes New Whitepaper on Next-Generation Deepfake Detection Technology

Explore what deepfake creators are doing to evade detection, the impact of generative AI on deepfakes, the escalating threats in cybersecurity, and mitigation tactics to combat AI-driven fraud

DENVER, March 06, 2025 (GLOBE NEWSWIRE) — authID (Nasdaq: AUID), a leading provider of biometric identity verification and authentication solutions, today released a comprehensive whitepaper detailing innovative approaches to combat the rising threat of deepfake fraud in digital authentication systems. The whitepaper, titled “Deepfake Countermeasures,” provides crucial insights into deepfakes as the next generation in fraud attacks, as well as cutting-edge defensive strategies against presentation and injection attacks.

The increasing sophistication of AI platforms means attackers can use a single photo to synthesize deepfake videos. authID’s report presents a critical framework for organizations to protect against a spike in identity fraud attempts and leverages authID’s proprietary multi-layered detection system, which achieves a billion-to-one false-match accuracy rate. authID’s platform detects the liveness of each authentication attempt, preventing the use of pictures, videos and deepfakes for spoofing identities, known as presentation attacks.

“As deepfake technology continues to advance exponentially, traditional authentication methods are increasingly vulnerable,” said Rhon Daguro, CEO of authID. “Our report demonstrates that combining advanced AI with privacy-first, facial biometric authentication creates an unprecedented level of security while maintaining seamless user experience, including a market-leading matching speed of 35 milliseconds and unparalleled accuracy.”

Integrating proven solutions to combat deepfake fraud is critical to the financial sector and other industries where inaccurate user authentication can lead to multi-million-dollar losses. Manual review of documents is believed to be successful at identifying sophisticated deepfakes less than 1% of the time and causes expensive and frustrating bottlenecks.

With more than 2 in 5 fraud attempts in the financial sector currently fueled by AI, the industry has reached a tipping point in the fight against deepfakes. To stay well-positioned against the rising prevalence of AI-driven presentation and injection attacks, it is important that organizations implement proven authentication and verification platforms into existing or new workflows.

Key highlights from the whitepaper include:

  • Analysis of emerging deepfake attack vectors, as well as the perceived accuracy and speed with which bad actors are creating these fraudulent assets
  • Overview of authID’s market-leading liveness detection technology, which uses a multilayered methodology to examine the visible and invisible artifacts present in an image, as well as the integrity of the camera itself
  • Implementation framework for enterprise-grade deepfake countermeasures, including efforts to safeguard the device of origin, to prevent insertion of fakes behind the camera in the form of an injection attack

The whitepaper builds on authID’s recent launch of PrivacyKey™, the company’s revolutionary biometric solution that ensures secure authentication without storing sensitive facial data. This innovation, available in concert with the authID platforms Proof™ and Verified™, helps reduce fraud attempts while maintaining regulatory compliance and user privacy, as well as providing enterprises with critical key-rotation capabilities that ensure complete control of who can access sensitive data.

“Deepfake fraud is no longer a theoretical risk—it’s a rapidly growing threat to businesses, financial institutions, and digital trust itself,” said Erick Soto, Chief Product Officer at authID. “Our latest whitepaper unpacks the evolving landscape of AI-driven fraud and the countermeasures needed to combat it. At authID, we are committed to staying ahead of these threats with our advanced biometric identity solutions, ensuring that enterprises can trust who’s behind the device in every interaction.”

The complete whitepaper is available for download at https://authid.ai/dc.

About authID

authID (Nasdaq: AUID) ensures enterprises “Know Who’s Behind the Device™” for every customer or employee login and transaction through its easy-to-integrate, patented, biometric identity platform. authID quickly and accurately verifies a user’s identity and eliminates any assumption of ‘who’ is behind a device to prevent cybercriminals from compromising account openings or taking over accounts. Combining secure digital onboarding, biometric authentication, and account recovery with a fast, accurate, user-friendly experience, authID delivers biometric identity processing in 700ms. With our ground-breaking PrivacyKey Solution authID delivers all the benefits of biometric identity verification, with a 1-to-1-billion false match rate, while storing no biometric data. Binding a biometric root of trust for each user to their account, authID stops fraud at onboarding, detects and stops deepfakes, prevents account takeover, eliminates password risks and costs, and provides the fastest, most frictionless, and most accurate user identity experience demanded by today’s digital ecosystem. Contact us to discover how authID can help your organization secure your workforce or consumer applications against identity fraud, cyberattacks and account takeover.

Media Contacts

NextTech Communications

 Walter Fowler
1-631-334-3864
[email protected]

Investor Relations Contacts

[email protected]

Gateway Group, Inc.

Cody Slach and Alex Thompson
1-949-574-3860
[email protected]



New Data Presented at CORA 2025 Conference Highlights Clinical Potential of Chemomab’s Nebokitug in Systemic Sclerosis

Adds to Extensive Preclinical and Early Clinical Evidence that Nebokitug Interferes with Key Features 
of Systemic Sclerosis

TEL AVIV, Israel, March 06, 2025 (GLOBE NEWSWIRE) — Chemomab Therapeutics, Ltd. (Nasdaq: CMMB), a clinical stage biotechnology company developing innovative therapeutics for fibro-inflammatory diseases with high unmet need, today announced a new scientific presentation that further confirms the potential of nebokitug (CM-101) as a novel treatment for systemic sclerosis (SSc).1 The data will be presented at the 8th International Congress on Controversies in Rheumatology and Autoimmunity (CORA 2025) on March 8, 2025, in Venice, Italy.

Systemic sclerosis is an autoimmune disease characterized by microvascular injury and extensive tissue fibrosis of the skin and internal organs. It is the most lethal of the systemic connective tissue diseases and lacks approved disease-modifying therapies. Nebokitug is a first-in-class monoclonal antibody that blocks the soluble protein CCL24, which has been shown to be a key driver of the pathways underlying fibro-inflammatory conditions such as SSc and primary sclerosing cholangitis (PSC). In extensive preclinical studies, blocking CCL24 reduced the inflammatory and fibrotic injury to the lung, skin and vasculature that are hallmarks of SSc pathology. An investigator-sponsored study showed that treatment with nebokitug induced strong and rapid reductions in inflammatory biomarkers in patients with acute lung Injury, a relevant model for the type of lung damage seen in SSc patients.

“This new data adds to the extensive body of preclinical evidence that CCL24 is a key driver of the skin, lung and vascular manifestations of this disabling condition that lacks disease-modifying therapies,” said Adi Mor, PhD, co-founder, Chief Executive Officer and Chief Scientific Officer of Chemomab. “These results further reinforce our belief, based on multiple preclinical and patient sample studies and the positive results from our Phase 2 PSC trial, that nebokitug has substantial potential as a treatment for SSc. Chemomab has an open U.S. IND for a Phase 2 trial of nebokitug in SSc.”  

The new study being presented at CORA 2025 was conducted in collaboration with Dr. Alexandra Balbir-Gurman, former director of the B. Shine Rheumatology Institute at Rambam Health Care Campus, Clinical Associate Professor at the Rappaport Faculty of Medicine of the Technion-Israel Institute of Technology and a noted scleroderma researcher and clinician. The study used matching skin and serum samples from a large registry of SSc patients and data from the bleomycin-mouse model to assess nebokitug’s possible effects on CCR3-expressing immune cells in SSc (CCR3 is the receptor for CCL24). Researchers analyzed CCL24’s role in induced fibrosis and SSc pathogenesis and identified several peripheral immune cell populations with altered expression of CCR3, two of which are linked to SSc and its complications. These findings further underscore the role of CCL24 in SSc and strengthen the therapeutic rationale for targeting CCL24 inhibition with nebokitug as a potential SSc therapy.

A 2024 peer-reviewed publication2 found strong associations between nebokitug’s CCL24 target and SSc. Data from more than 200 SSc patients showed that higher CCL24 levels were linked to clinical variables associated with the most severe forms of SSc with irreversible tissue damage, including severity of skin fibrosis and calcinosis, presence of interstitial lung disease and a history of digital ulcers and synovitis. Importantly, high serum CCL24 was predictive for deterioration of pulmonary function and a higher baseline CCL24 level was associated with higher 10-year SSc-related mortality.

Recent positive data from the nebokitug Phase 2 SPRING trial in patients with PSC further strengthens the rationale for assessing nebokitug in SSc. This trial was the first major clinical validation of the dual anti-inflammatory and anti-fibrotic mechanism of nebokitug. In patients with PSC, nebokitug reduced fibro-inflammatory biomarkers including the enhanced liver fibrosis (ELF) score, PRO-C3, Interleukine-6 (IL-6) and transforming growth factor beta (TGF-β), all of which are well-established indicators of SSc fibrosis and disease activity.

CORA 2025 Session: 0680 – Poster Session 10: SLE, ILD and Novel Therapeutic Targets
Date/Time: Saturday, March 8, 2025, 10:30 – 11:30 CET
Room: Station 02

The CORA 25 poster will also be available at the R&D section of www.chemomab.com.

About Nebokitug (CM-101)

Nebokitug is a first-in-class dual activity monoclonal antibody that neutralizes CCL24, a soluble protein that helps drive the inflammatory and fibrotic pathways central to primary sclerosing cholangitis (PSC) and other fibro-inflammatory diseases. By inhibiting CCL24, nebokitug blocks both immune cell recruitment and fibroblast activation, thereby interrupting the self-reinforcing cycle that results in fibrosis. In clinical and preclinical studies, nebokitug has been shown to have a favorable safety profile, with the potential to treat multiple severe and life-threatening fibro-inflammatory diseases. Chemomab has reported positive results from four clinical trials of nebokitug in patients, including the Phase 2 SPRING trial in patients with PSC. This study achieved the primary safety endpoint and nebokitug-treated patients with moderate to advanced disease showed improvements on a wide range of disease-related secondary endpoints. The open label extension portion of the SPRING trial is continuing, with results expected in the first quarter of 2025. Nebokitug is also being developed for systemic sclerosis and the SSc program has an open U.S. IND. Nebokitug has received FDA and EMA Orphan Drug designations for the treatment of PSC and SSc and FDA Fast Track status for the treatment of PSC in adults.

About Systemic Sclerosis

Systemic sclerosis (SSc), also known as scleroderma, is a rare autoimmune rheumatic disease characterized by fibrosis and inflammation of the skin, joints and internal organs, along with vascular abnormalities. It predominantly affects women and is typically diagnosed when patients are between 30 and 50 years old. It is considered the most devastating condition among systemic rheumatic diseases with severe morbidity and high mortality, with a median survival of only 10 years. There is no approved disease-modifying drug for the disease. Current estimates from the Scleroderma Foundation suggest there are approximately 100,000 SSc patients in the U.S.

1. CCL24 Expression and Impact on Immune Cell Populations in Systemic Sclerosis, R. Greenman, A. Katav, I. Vaknin, T. Snir, V. Shataylo, A. Balbir-Gurman. The 8th International Congress on Controversies in Rheumatology and Autoimmunity (CORA 2025) , March 8, 2025
2. Serum CCL24 as a biomarker of fibrotic and vascular disease severity in Systemic Sclerosis, E. De Lorenzis, A. Mor, R.L. Ross, S. Di Donato, R. Aricha, I. Vaknin, F. Del Galdo. Arthritis Care & Research, https://doi.org/10.1002/acr.25344

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995 that involve substantial risks and uncertainties. All statements other than statements of historical facts contained in this press release, including statements regarding our future financial condition, results of operations, business strategy and plans, and objectives of management for future operations, as well as statements regarding industry trends, are forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as “estimate,” “intend,” “may,” “plan,” “potentially,” “will” or the negative of these terms or other similar expressions. We have based these forward-looking statements largely on our current expectations and projections about future events and trends that we believe may affect our financial condition, results of operations, business strategy and financial needs. These forward-looking statements are subject to a number of risks, uncertainties and assumptions, including, among other things: the risk that certain acknowledgements from the End-of-Phase 2 (EOP2) meeting with the FDA in connection with PSC regulatory approval will not materialize into a pathway for regulatory approval; that certain conclusions and assumptions drawn from the EOP2 meeting with the FDA discussed in the presentation will prove incorrect and adversely affect the ability for nebokitug to become an FDA fully approved therapy; the risk that the full data set from the nebokitug study or data generated in further clinical trials of nebokitug will not be consistent with the topline results of the nebokitug Phase 2 PSC trial; failure to obtain, or delays in obtaining, regulatory approvals for nebokitug in the U.S., Europe or other territories; failure to successfully commercialize nebokitug, if approved by applicable regulatory authorities, in the U.S., Europe or other territories, or to maintain U.S., European or other territory regulatory approval for nebokitug if approved; uncertainties in the degree of market acceptance of nebokitug by physicians, patients, third-party payors and others in the healthcare community; nebokitug development of unexpected safety or efficacy concerns related to nebokitug; failure to successfully conduct future clinical trials for nebokitug, including due to the Company’s potential inability to enroll or retain sufficient patients to conduct and complete the trials or generate data necessary for regulatory approval, among other things; risks that the Company’s clinical studies will be delayed or that serious side effects will be identified during drug development; failure of third parties on which the Company is dependent to manufacture sufficient quantities of nebokitug for commercial or clinical needs, to conduct the Company’s clinical trials; changes in laws and regulations applicable to the Company’s business and failure to comply with such laws and regulations; business or economic disruptions due to catastrophes or other events, including natural disasters or public health crises; and uncertainties with respect to the Company’s need and ability to access future capital; and the intensity and duration of the current war in Israel, and its impact on our operations in Israel. These risks are not exhaustive. You should carefully consider the risks and uncertainties described in the “Risk Factors” sections of our 20-F for the year ended December 31, 2023. New risk factors emerge from time to time, and it is not possible for our management to predict all risk factors, nor can we assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in, or implied by, any forward-looking statements. You should not rely upon forward-looking statements as predictions of future events. Except as required by law, we undertake no obligation to update publicly any forward-looking statements for any reason after the date of this press release. Before you invest, you should read the documents we have filed and will file with the SEC for more complete information about us. You may get these documents for free by visiting EDGAR on the SEC website at www.sec.gov. This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities law of any such state or jurisdiction.

About Chemomab Therapeutics Ltd.

Chemomab is a clinical stage biotechnology company developing innovative therapeutics for fibro-inflammatory diseases with high unmet need. Based on the unique role of the soluble protein CCL24 in promoting fibrosis and inflammation, Chemomab developed nebokitug (CM-101), a first-in-class dual activity monoclonal antibody that neutralizes CCL24 and has demonstrated disease-modifying potential. In clinical and preclinical studies, nebokitug has been shown to have a favorable safety profile and has been generally well-tolerated, with the potential to treat multiple severe and life-threatening fibro-inflammatory diseases. Chemomab has reported positive results from four clinical trials of nebokitug in patients. Based on recent positive data from its Phase 2 SPRING trial in primary sclerosing cholangitis (PSC), the company is preparing for potential initiation of a PSC nebokitug Phase 3 trial. The design calls for a single pivotal trial based on a clinical event primary endpoint that provides a clear and streamlined pathway to potential regulatory approval. Data from the SPRING trial open label extension will be reported in the first quarter of 2025. Nebokitug has received FDA and EMA Orphan Drug and FDA Fast Track designations for the treatment of PSC. Chemomab’s nebokitug program for the treatment of systemic sclerosis has an open U.S. IND. For more information, visit: chemomab.com.

Contacts:

Media and Investors:

Barbara Lindheim
Consulting Vice President, Investor & Public Relations, Strategic Communications
Phone: +1 917-355-9234
[email protected]
[email protected]



NUBURU Partners With COEPTIS NexGenAI Affiliates Network to Drive Innovation in AI and Robotics as Part of Its Transformation Plan

NUBURU Partners With COEPTIS NexGenAI Affiliates Network to Drive Innovation in AI and Robotics as Part of Its Transformation Plan

CENTENNIAL, Colo.–(BUSINESS WIRE)–
NUBURU, Inc. (NYSE: BURU), a leading innovator in high-power and high-brightness industrial blue laser technology announced its strategic partnership with COEPTIS’ NexGenAI Affiliates Network (NASDAQ: COEP), an innovative provider of artificial intelligence and robotics solutions. This collaboration is a pivotal component of NUBURU’s comprehensive Transformation Plan, spearheaded by Executive Chairman Alessandro Zamboni, aimed at enhancing operational efficiency and revamping the company’s business model.

The Transformation Plan, by leveraging the existing know-how regarding blue-laser technology and additional expertise to be brought by the new management team, is specifically designed to leverage strategic acquisitions and commercial alliances that are synergistic in nature. Each acquisition will share a common denominator, enabling cross-selling and up-selling opportunities while fostering synergies through shared technologies facilitated by NUBURU’s anticipated role as a tech and business growth enabler of its subsidiaries and the other strategic ventures and investments.

As part of this initiative, NUBURU intends to partner with and acquire services from leading providers of agentic AI and robotic process automation. The partnership with NextGen exemplifies this strategy, enabling NUBURU to revolutionize its planned marketing and B2B sales processes, particularly within the defense and security sector, where the company anticipates significant opportunities for growth leveraging its laser-technology expertise and experience and recently announced investments.

Alessandro Zamboni stated, “Our partnership with COEPTIS’ NexGenAI Affiliates Network is an exciting step forward in executing our Transformation Plan. By integrating cutting-edge AI-driven capabilities and robotic process automation into our future redesigned marketing & sales processes, we are not only streamlining our business but also creating a foundation for an innovative business model. This strategic collaboration aligns perfectly with our vision of establishing synergies across our acquisitions and enhancing our market presence in the defense and security sectors, where our laser-technology expertise can play an important role.”

NextGen’s advanced platform utilizes sophisticated AI algorithms and data analytics to optimize marketing strategies, enhance customer engagement, and implement operational efficiencies. This collaboration marks an essential milestone in NUBURU’s broader goal of fostering an ecosystem where technology serves as a catalyst for growth and innovation.

“Incorporating NextGen’s transformative technologies will allow us to elevate our future marketing strategies as we implement our Transformation Plan,” added Zamboni. “We believe that by positioning NUBURU as a blitz-scaling enabler of its anticipated business lines, by leveraging the adoption of exponential technologies, we can significantly enhance our value proposition to future end-clients and stakeholders alike.”

About NUBURU

NUBURU, Inc. was founded in 2015 as a developer and manufacturer of industrial blue laser technology that is transforming the speed and quality of laser-based manufacturing. Under its new management team led by Executive Chairman Alessandro Zamboni, NUBURU is executing a comprehensive growth and diversification strategy, expanding into complementary domains such as defense-tech, security, and operational resilience solutions. Headquartered in Centennial, Colorado, NUBURU is leveraging strategic partnerships and acquisitions to accelerate growth in high-value sectors. For more information, visit www.nuburu.net.

About NexGenAI Affiliates Network

NexGenAI Affiliates Network is a state-of-the-art AI-powered affiliate marketing platform designed to streamline marketing efforts through automation and advanced analytics. Owned by COEPTIS, Inc. (NASDAQ: COEP), NexGenAI Affiliates Network empowers individuals and businesses to optimize their affiliate campaigns and maximize revenue through AI-driven content distribution, automated email outreach, and social media integration. For more information on this partnership and how it can benefit businesses and affiliates, visit https://nexgenaiaffiliates.io/.

Forward-Looking Statements

This press release contains certain “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical fact contained in this press release may be forward-looking statements. Some of these forward-looking statements can be identified by the use of forward-looking words, including “may,” “should,” “expect,” “intend,” “will,” “estimate,” “anticipate,” “believe,” “predict,” “plan,” “seek,” “targets,” “projects,” “could,” “would,” “continue,” “forecast” or the negatives of these terms or variations of them or similar expressions. All forward-looking statements are subject to risks, uncertainties, and other factors which could cause actual results to differ materially from those expressed or implied by such forward-looking statements. All forward-looking statements are based upon estimates, forecasts, and assumptions that, while considered reasonable by the Company and its management, are inherently uncertain. Many factors may cause the Company’s actual results to differ materially from current expectations, including but are not limited to: (1) the ability to meet security exchange listing standards; (2) the impact of the previously announced foreclosure process that is currently underway; (3) failure to achieve expectations regarding business development and the Company’s acquisition strategy; (4) the inability to access sufficient capital to operate; (5) the inability to recognize the anticipated benefits of the initial business combination and the current transaction, which may be affected by, among other things, competition, the ability of the Company to grow and manage growth profitably, maintain relationships with customers and suppliers and retain its management and key employees; (6) changes in applicable laws or regulations; (7) adverse impacts of general economic, business, and competitive factors; (8) volatility in the financial system and markets caused by geopolitical and economic factors; and (9) other risks and uncertainties set forth in the sections entitled “Risk Factors” and “Cautionary Note Regarding Forward-Looking Statements” in the Company’s most recent periodic report on Form 10-K or Form 10-Q and other documents filed with the SEC from time to time. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Nothing in this press release should be regarded as a representation by any person that the forward-looking statements set forth herein will be achieved or that any of the contemplated results of such forward-looking statements will be achieved. You should not place undue reliance on forward-looking statements, which speak only as of the date they are made. The Company does not give any assurance that it will achieve its expected results. The Company assumes no obligation to update or revise these forward-looking statements, whether as a result of new information, future events or otherwise, except as otherwise required by applicable law.

Investor Contact Info: [email protected]

KEYWORDS: United States North America Colorado

INDUSTRY KEYWORDS: Technology Manufacturing Professional Services Marketing Communications Robotics Data Analytics Artificial Intelligence Other Defense Defense Machine Tools, Metalworking & Metallurgy

MEDIA:

Logo
Logo

Redfin Reports Pending Home Sales Are Down 6%, But Falling Mortgage Rates Are Starting to Attract Buyers

Redfin Reports Pending Home Sales Are Down 6%, But Falling Mortgage Rates Are Starting to Attract Buyers

Mortgage rates dipped to their lowest level in nearly three months this week, which has pushed mortgage-purchase applications up. But pending home sales are still falling. Southern California is bucking the trend, with pending sales increasing.

SEATTLE–(BUSINESS WIRE)–
(NASDAQ: RDFN) — Pending U.S. home sales fell 6.4% from a year earlier during the four weeks ending March 2, the second-biggest decline since November 2023. That’s according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage.

Sales are sluggish because the median U.S. sale price is up 3.2%, and the typical homebuyer’s monthly housing payment is just $26 shy of its all-time high. Plus, some prospective buyers are wary about making a big purchase amid economic uncertainty, including concerns about tariffs, slowing economic growth and layoffs.

But homebuyers have gotten some relief in the past week, as the daily average 30-year fixed mortgage rate dipped to 6.7%, the lowest level in nearly three months. That seems to have brought some people off the sidelines: mortgage-purchase applications rose 9% week over week.

In Southern California, Pending Sales Are Rising

The housing market looks different in different metro areas. In parts of California, for instance, sales and listings are rising. Pending sales increased in just six major U.S. metros this week, four of them in California. In Los Angeles, pending sales rose 8.5% year over year, the biggest increase among the major U.S. metros. It’s followed by Anaheim (6.3%), Phoenix (3%), Riverside (1.3%), Columbus, OH (1.1%) and Sacramento (0.4%).

On the selling side, California is home to four of the five biggest year-over-year upticks in new listings. First comes Phoenix, where listings are up 27.1%, followed by Sacramento (27%), Anaheim (20.1%), Los Angeles (20.1%) and San Diego (17.5%).

The Los Angeles market is picking up in the aftermath of January’s devastating wildfires, which destroyed thousands of homes. Some of the people displaced by the fires are buying new homes, some other buyers are jumping back into the market after pressing pause amid the fires, and some homeowners are selling to meet demand.

“Prices are up, homes are selling rapidly and overall, the housing market is strong,” said Sam Najarian, a Redfin Premier agent in Los Angeles. “That was true before the wildfires, and it’s true now. The fires have made it tough to get insurance and they’re causing buyers to look away from the hills, but the spring homebuying season is definitely underway in the rest of Los Angeles. Some listings are getting lots of offers, and the best ones are going for $200,000 or $300,000 over asking price.”

Najarian added that in the wake of the Eaton and Palisades fires, homebuyers should be diligent about insurance. If a home is deemed high risk because of proximity to a fire zone, buyers may have a hard time finding or affording homeowners insurance—and they should be aware premiums may rise more in a fire zone. Some house hunters are shifting their search from Altadena, which was hit hard by the Eaton fire, to Pasadena or other neighboring cities that have less stringent insurance regulations.

For Redfin economists’ takes on the housing market, please visit Redfin’s “From Our Economists” page.

Leading indicators

Indicators of homebuying demand and activity

 

Value (if applicable)

Recent change

Year-over-year change

Source

Daily average 30-year fixed mortgage rate

6.72% (March 5)

Near lowest level since Dec. 6

Down from 7.09%

Mortgage News Daily

Weekly average 30-year fixed mortgage rate

6.76% (week ending Feb. 27)

Lowest level since mid-December

Down from 6.94%

Freddie Mac

Mortgage-purchase applications (seasonally adjusted)

 

Up 9% from a week earlier (as of week ending Feb. 28)

Up 2%

Mortgage Bankers Association

Redfin Homebuyer Demand Index (seasonally adjusted)

 

Up 3% from a month earlier (as of week ending March 2)

Down 3%

 

 

Redfin Homebuyer Demand Index, a measure of tours and other homebuying services from Redfin agents

Touring activity

 

Up 25% from the start of the year (as of March 2)

At this time last year, it was up 24% from the start of 2024

ShowingTime, a home touring technology company

Google searches for “home for sale”

 

Up over 20% from a month earlier (as of March 2)

Unchanged

 

Google Trends

Key housing-market data

U.S. highlights: Four weeks ending March 2, 2025

Redfin’s national metrics include data from 400+ U.S. metro areas, and are based on homes listed and/or sold during the period. Weekly housing-market data goes back through 2015. Subject to revision.

 

Four weeks ending March 2, 2025

Year-over-year change

Notes

Median sale price

$379,350

3.2%

Smallest increase since September

Median asking price

$417,250

6.4%

 

Median monthly mortgage payment

$2,772 at a 6.76% mortgage rate

5.3%

$26 shy of all-time high

Pending sales

75,172

-6.4%

Biggest decline in over a year, except the 4 weeks ending Jan. 19 and the 4 weeks ending Jan. 26, which both posted 6.6% declines

New listings

84,464

2.4%

 

Active listings

918,795

9.8%

Smallest increase in a year

Months of supply

4.4

+0.6 pts.

4 to 5 months of supply is considered balanced, with a lower number indicating seller’s market conditions

Share of homes off market in two weeks

33.4%

Down from 38%

 

Median days on market

55

+8 days; near longest span since March 2020

 

Share of homes sold above list price

22.4%

Down from 24%

 

Average sale-to-list price ratio

98.2%

Down from 98.5%

 

Metro-level highlights: Four weeks ending March 2, 2025

Redfin’s metro-level data includes the 50 most populous U.S. metros. Select metros may be excluded from time to time to ensure data accuracy.

 

Metros with biggest year-over-year increases

Metros with biggest year-over-year decreases

Notes

Median sale price

Milwaukee (16.2%)

Nassau County, NY (12%)

Cleveland (10.7%)

Pittsburgh (9.4%)

Anaheim, CA (9.3%)

Austin, TX (-4%)

Tampa, FL (-1.3%)

Atlanta (-1.3%)

Jacksonville, FL (-1.2%)

San Antonio (-1%)

Houston (-0.6%)

Fort Worth, TX (-0.2%)

Declined in 7 metros

Pending sales

Los Angeles (8.5%)

Anaheim, CA (6.3%)

Phoenix (3%)

Riverside, CA (1.3%)

Columbus, OH (1.1%)

Sacramento, CA (0.4%)

Atlanta (-16.3%)

Miami (-16.2%)

Houston (-15%)

Jacksonville, FL (-14.5%)

Minneapolis (-13.6%)

Increased in 6 metros

New listings

Phoenix (27.1%)

Sacramento, CA (27%)

Anaheim, CA (20.1%)

Los Angeles (20.1%)

San Diego (20.1%)

Detroit (-20.7%)

Warren, MI (-12.1%)

Fort Worth, TX (-11.1%)

Portland, OR (-10.8%)

Newark, NJ (-10.3%)

Increased in roughly half the metros

 

To view the full report, including charts, please visit:

https://www.redfin.com/news/housing-market-update-pending-sales-falling-mortgage-applications-rising

About Redfin

Redfin (www.redfin.com) is a technology-powered real estate company. We help people find a place to live with brokerage, rentals, lending, and title insurance services. We run the country’s #1 real estate brokerage site. Our customers can save thousands in fees while working with a top agent. Our home-buying customers see homes first with on-demand tours, and our lending and title services help them close quickly. Our rentals business empowers millions nationwide to find apartments and houses for rent. Since launching in 2006, we’ve saved customers more than $1.8 billion in commissions. We serve approximately 100 markets across the U.S. and Canada and employ over 4,000 people.

Redfin’s subsidiaries and affiliated brands include: Bay Equity Home Loans®, Rent.™, Apartment Guide®, Title Forward® and WalkScore®.

For more information or to contact a local Redfin real estate agent, visit www.redfin.com. To learn about housing market trends and download data, visit the Redfin Data Center. To be added to Redfin’s press release distribution list, email [email protected]. To view Redfin’s press center, click here.

Contact Redfin

Redfin Journalist Services:

Tana Kelley

[email protected]

KEYWORDS: United States North America Washington

INDUSTRY KEYWORDS: Professional Services Technology Residential Building & Real Estate Finance Construction & Property Internet

MEDIA:

Logo
Logo

ZyVersa Therapeutics, Inc. Announces Pricing of $2.0 Million Private Placement Priced At The Market

WESTON, Fla., March 06, 2025 (GLOBE NEWSWIRE) — ZyVersa Therapeutics, Inc. (Nasdaq: ZVSA, or “ZyVersa”), a clinical stage specialty biopharmaceutical company developing first-in-class drugs for treatment of inflammatory and renal diseases, today announced that it has entered into a securities purchase agreement with a single healthcare-focused U.S. institutional investor for the purchase and sale of 2,105,265 shares of common stock (or common stock equivalents in lieu thereof) and warrants to purchase up to 2,105,265 shares of common stock at an effective combined price of $0.95 per share and common warrant for aggregate gross proceeds of approximately $2.0 million, before deducting placement agent fees and other offering expenses. The warrants will have an exercise price of $1.00 per share, will be exercisable immediately upon shareholder approval and will expire five years from the initial exercise date.

The closing of the offering is expected to occur on or about March 7, 2025, subject to the satisfaction of customary closing conditions. The Company expects to use the net proceeds from the offering for general working capital.

A.G.P./Alliance Global Partners is acting as the sole placement agent in connection with the transaction.

The offer and sale of the foregoing securities is being made in a transaction not involving a public offering, and the securities have not been and will not initially be registered under the Securities Act of 1933, as amended (the “Securities Act”), or applicable state securities laws. Accordingly, the securities may not be offered or sold in the United States except pursuant to an effective registration statement or an applicable exemption from the registration requirements of the Securities Act and such applicable state securities laws.

Pursuant to the securities purchase agreement entered into with the investor, the Company agreed to file no later than 10 calendar days after the filing date of the Company’s Annual Report on Form 10-K a registration statement with the U.S. Securities and Exchange Commission (the “SEC”) covering the resale of the securities to be issued to the institutional investor, and to use commercially reasonable efforts to have the registration statement declared effective within 75 days following the closing of the offering.

This press release shall not constitute an offer to sell or a solicitation of an offer to buy these securities, nor shall there be any sale of these securities 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 any such state or other jurisdiction.

The Company also has agreed that certain existing warrants to purchase up to an aggregate of 957,200 shares of common stock at an exercise price of $2.06 per share will be amended such that the warrants will have a reduced exercise price of $1.00 per share. The warrant amendment is subject to stockholder approval, and the warrants shall expire five years from the date stockholder approval is obtained.

About ZyVersa Therapeutics, Inc.

ZyVersa (Nasdaq: ZVSA) is a clinical stage specialty biopharmaceutical company leveraging advanced proprietary technologies to develop first-in-class drugs for patients with inflammatory or kidney diseases with high unmet medical needs. We are well positioned in the rapidly emerging inflammasome space with a highly differentiated monoclonal antibody, Inflammasome ASC Inhibitor IC 100, and in kidney disease with phase 2 Cholesterol Efflux MediatorTM VAR 200. The lead indication for IC 100 is obesity and its associated metabolic complications, and for VAR 200, focal segmental glomerulosclerosis (FSGS). Each therapeutic area offers a “pipeline within a product,” with potential for numerous indications. The total accessible market is over $100 billion. For more information, please visit www.zyversa.com.

Cautionary Statement Regarding Forward-Looking Statements

Certain statements contained in this press release regarding matters that are not historical facts, are forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. These include statements regarding management’s intentions, plans, beliefs, expectations, or forecasts for the future, and, therefore, you are cautioned not to place undue reliance on them. No forward-looking statement can be guaranteed, and actual results may differ materially from those projected. ZyVersa Therapeutics, Inc (“ZyVersa”) uses words such as “anticipates,” “believes,” “plans,” “expects,” “projects,” “future,” “intends,” “may,” “will,” “should,” “could,” “estimates,” “predicts,” “potential,” “continue,” “guidance,” and similar expressions to identify these forward-looking statements that are intended to be covered by the safe-harbor provisions. Such forward-looking statements are based on ZyVersa’s expectations and involve risks and uncertainties; consequently, actual results may differ materially from those expressed or implied in the statements due to a number of factors, including ZyVersa’s plans to develop and commercialize its product candidates, the timing of initiation of ZyVersa’s planned preclinical and clinical trials; the timing of the availability of data from ZyVersa’s preclinical and clinical trials; the timing of any planned investigational new drug application or new drug application; ZyVersa’s plans to research, develop, and commercialize its current and future product candidates; the clinical utility, potential benefits and market acceptance of ZyVersa’s product candidates; ZyVersa’s commercialization, marketing and manufacturing capabilities and strategy; ZyVersa’s ability to protect its intellectual property position; and ZyVersa’s estimates regarding future revenue, expenses, capital requirements and need for additional financing.

New factors emerge from time-to-time, and it is not possible for ZyVersa to predict all such factors, nor can ZyVersa assess the impact of each such factor on the business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements. Forward-looking statements included in this press release are based on information available to ZyVersa as of the date of this press release. ZyVersa disclaims any obligation to update such forward-looking statements to reflect events or circumstances after the date of this press release, except as required by applicable law.

Corporate, Media, IR Contact

Karen Cashmere
Chief Commercial Officer
[email protected]
786-251-9641



Quantify Funds Redefines Single Stock Investing with Launch of First-Ever Double-Stacked ETFs

Quantify Funds Redefines Single Stock Investing with Launch of First-Ever Double-Stacked ETFs

New ETF suite combines 100% exposure to paired market leaders like NVIDIA, Strategy, Meta, and Uber, revolutionizing how investors access market-moving stocks.

NEW YORK–(BUSINESS WIRE)–Quantify Funds, a leading ETF provider, announces the launch of four new double-stacked single stock ETFs, reinforcing its position as the largest issuer of stacked ETFs in the U.S.

The new ETFs combine exposure to some of the market’s most dynamic companies, offering investors efficient access to paired positions in technology, cryptocurrency, and transportation leaders.

STKd 100% MSTR & 100% COIN ETF

APED

STKd 100% NVDA & 100% AMD ETF

LAYS

STKd 100% SMCI & 100% NVDA ETF

SPCY

STKd 100% UBER & 100% TSLA ETF

ZIPP

“Today’s launch represents a significant milestone in democratizing sophisticated investment strategies,” said Quantify Funds CEO David Dziekanski. “These ETFs address the growing demand for efficient exposure to multiple single stocks through one investment vehicle, making previously complex strategies more accessible to investors.”

The funds trade on the Nasdaq Exchange and are designed for investors seeking concentrated exposure to pairs of high-profile stocks through the efficiency and transparency of the ETF structure. Each fund provides investors with 100% exposure to each of its underlying securities through Quantify’s and ReturnStacked™ (STKd) methodology.

These new offerings expand Quantify Funds’ existing suite of stacked ETFs, reinforcing the firm’s commitment to providing innovative investment solutions. Detailed information about APED, LAYS, SPCY and ZIPP is available at www.quantifyfunds.com.

About

Quantify Funds specializes in developing innovative exchange-traded funds that make sophisticated investment strategies accessible through the ETF structure. The firm maintains the largest lineup of stacked ETFs in the United States.

Important Information Investing involves risk, including possible loss of principal. The Funds are non-diversified and concentrate their investments in securities and derivatives of individual companies. This exposes the Funds to greater market fluctuations than diversified funds. Double-stacked exposure may increase volatility and amplify losses.

Investors should consider the investment objectives, risks, charges and expenses carefully before investing. For a prospectus or summary prospectus with this and other information about the Fund, please call (844) 599-9888 or visit our website at www.quantifyfunds.com. Read the prospectus or summary prospectus carefully before investing.

Investing involves risk. Principal loss is possible. As an ETF, the funds may trade at a premium or discount to NAV. Shares of any ETF are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. A portfolio concentrated in a single industry or country, may be subject to a higher degree of risk. There is no guarantee that the Fund’s investment strategy will be properly implemented, and an investor may lose some or all of its investment.The funds may invest in derivatives contracts, which may put a fund at risk that losses exceed its net assets.

Distributed by Foreside Fund Services, LLC.

(844) 599-9888

[email protected]

KEYWORDS: United States North America New York

INDUSTRY KEYWORDS: Cryptocurrency Finance Other Transport Banking Professional Services Technology Transport Other Technology

MEDIA:

Logo
Logo

Kaltura to Host 2025 Investor Event

NEW YORK, March 06, 2025 (GLOBE NEWSWIRE) — Kaltura (Nasdaq: KLTR), the Video Experience Cloud, today announced that it will host its 2025 Investor Event on Wednesday, March 12, 2025. The event will feature executive presentations outlining the Company’s business, strategic vision, product innovation, and financial performance, and showcasing Kaltura’s AI-infused Video Experiences platform. 

The day’s session will include presentations from key members of Kaltura’s leadership team including Co-Founder, Chairman, President and CEO Ron Yekutiel, Chief Product & Engineering Officer Einav Azaria, Chief Revenue Officer Liad Eshkar, Chief Customer Officer Natan Israeli, and Chief Financial Officer John Doherty. In addition to presentations from management, the event will feature a customer panel discussion and question-and-answer sessions.

The Investor Event will commence at 9:30 am ET and conclude at approximately 12:30 pm ET. A live webcast of the presentations will be hosted on the Kaltura platform. To register please visit Kaltura’s investor relations website at https://investors.kaltura.com/news-and-events/events, In addition, a replay will be available following the event.

About Kaltura

Kaltura’s mission is to create and power AI-infused hyper-personalized video experiences that boost customer and employee engagement and success. Kaltura’s Video Experience Cloud includes a platform for enterprise and TV content management and a wide array of Gen AI-infused video-first products, including Video Portals, LMS and CMS Video Extensions, Virtual Events and Webinars, Virtual Classrooms, and TV Streaming Applications. Kaltura engages millions of end-users at home, at work, and at school, boosting both customer and employee experiences, including marketing, sales, and customer success; teaching, learning, training and certification; communication and collaboration; and entertainment, and monetization. For more information, visit www.corp.kaltura.com.

Investor Contacts:

Kaltura, Inc.
John Doherty
Chief Financial Officer
[email protected]

Sapphire Investor Relations, LLC
Erica Mannion and Michael Funari
[email protected]
+1 617 542 6180

Media Contacts:

Kaltura, Inc.
Nohar Zmora
SVP, Head of Marketing
[email protected]

Headline Media
Raanan Loew
[email protected]
+1 347 897 9276



Everspin Awarded $10.5M Contract to Provide MRAM IP and Foundry Services for Purdue University’s ME Commons In-Memory Compute Project

Everspin Awarded $10.5M Contract to Provide MRAM IP and Foundry Services for Purdue University’s ME Commons In-Memory Compute Project

Everspin’s AgILYST MRAM IP and manufacturing to support Purdue University’s Applied Research Institute ME Commons grant initiative

CHANDLER, Ariz.–(BUSINESS WIRE)–
Everspin Technologies, Inc. (NASDAQ: MRAM), the world’s leading developer and manufacturer of Magnetoresistive Random Access Memory (MRAM) persistent memory solutions, announced a strategic award to work with a consortium led by Purdue University to utilize Everspin MRAM as the underpinning in a program called CHEETA (CMOS+MRAM Hardware for Energy Efficient AI). The contract allows for phases totaling up to $10.5 million for Everspin Technologies over four years. The current phase with Everspin Technologies is valued at approximately $4 million.

“MRAM has evolved far beyond its initial commercialization as a memory technology,” said Sanjeev Aggarwal, President and CEO of Everspin Technologies. “Nearly two decades after Everspin first brought its MRAM to market, it has evolved its technology into a versatile, energy-efficient solution for computing and memory bandwidth challenges. Everspin continues to advance MRAM’s capabilities through our manufacturing facility in Chandler, Arizona, which has a long history of supporting both commercial MRAM and strategic radiation-hardened solutions for the Department of Defense (DoD). This expertise uniquely positions us to provide MRAM IP, manufacturing services, and design support for next-generation computing architectures.”

The program goal is to conduct a comprehensive cross-layer exploration of MTJ-based In-Memory Compute (IMC) macros for next generation neural accelerators. Everspin’s MTJs will drastically reduce memory transaction power, by orders of magnitude, while also reducing latency compared to traditional methods. One of the project outputs is to experimentally demonstrate robust and energy-efficient IMC functionality. This IMC approach could redefine traditional compute and memory architecture, enabling more efficient data processing. Everspin’s AgILYST MRAM technology supports AI acceleration and next-generation memory architectures by offering the versatility needed for innovative solutions.

About Everspin Technologies

Everspin Technologies, Inc., is the world’s leading provider of Magnetoresistive RAM (MRAM). Everspin MRAM delivers the industry’s most robust, highest-performance, non-volatile memory for Industrial IoT, Data Centers, and other mission-critical applications where data persistence is paramount. Headquartered in Chandler, Arizona, Everspin provides commercially available MRAM solutions to a large and diverse customer base. For more information, visit www.everspin.com.

Agency Contact:

Kiterocket

Stephanie Quinn

T: 480-316-8370

E: [email protected]

KEYWORDS: United States North America Indiana Arizona

INDUSTRY KEYWORDS: Technology Engineering Software Manufacturing Hardware University Data Management IOT (Internet of Things) Education Artificial Intelligence

MEDIA:

Logo
Logo

Pacira BioSciences Reports Inducement Grants Under Nasdaq Listing Rule 5635(c)(4)

PARSIPPANY, N.J., March 06, 2025 (GLOBE NEWSWIRE) — Pacira BioSciences, Inc. (Nasdaq: PCRX), the industry leader in the delivery of innovative, non-opioid pain therapies, today announced the granting of inducement awards on March 4, 2025 to six new employees under Pacira’s Amended and Restated 2014 Inducement Plan (the “Inducement Plan”) as a material inducement to each employee’s entry into employment with the company. In accordance with Nasdaq Listing Rule 5635(c)(4), the awards were approved by the Compensation Committee of the Board of Directors (the “Committee”) without stockholder approval.

Five employees received stock options to purchase an aggregate of 23,500 shares of Pacira common stock and six employees received restricted stock units for an aggregate of 29,400 shares of Pacira common stock. The stock options have a 10-year term and a four-year vesting schedule with 25 percent of the underlying shares vesting on the first anniversary of the recipient’s first day of employment and in successive equal quarterly installments over the 36 months thereafter. The stock options have an exercise price of $23.53 per share, the closing trading price of Pacira common stock on the Nasdaq Global Select Market on the date of grant. Each restricted stock unit represents the contingent right to receive one share of Pacira common stock and the restricted stock unit awards vest annually in four equal installments beginning on March 1, 2026.

Vesting of the equity awards is subject to the employee’s continued employment with Pacira. Each equity award is also subject to the terms and conditions of an award agreement.

About Pacira

Pacira delivers innovative, non-opioid pain therapies to transform the lives of patients. Pacira has three commercial-stage non-opioid treatments: EXPAREL® (bupivacaine liposome injectable suspension), a long-acting local analgesic currently approved for infiltration, fascial plane block, and as an interscalene brachial plexus nerve block for postsurgical pain management; ZILRETTA® (triamcinolone acetonide extended-release injectable suspension), an extended-release, intra-articular injection indicated for the management of osteoarthritis knee pain; and iovera®º, a novel, handheld device for delivering immediate, long-acting, drug-free pain control using precise, controlled doses of cold temperature to a targeted nerve. The company is also advancing the development of PCRX-201, a novel locally administered gene therapy with the potential to treat large prevalent diseases like osteoarthritis. To learn more about Pacira, visit www.pacira.com.



Investor Contact:
Susan Mesco, (973) 451-4030
[email protected]

Media Contact:
Sara Marino, (973) 370-5430
[email protected]