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AnalytixInsight

AnalytixInsight

ALY:TSXV; ATIXF:OTC

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January 19, 2025: Market Could Be Getting Off Intermediate Pause

January 19, 2025: Market Could Be Getting Off Intermediate Pause

Markets had a positive end even as US markets will be closed on Monday, suggesting the intermediate ~month long pause could be behind us. Dow Jones rose 3.7% last week, S&P 500 gained 2.9%, and Nasdaq composite was up 2.45%. Trading platform eToro has filed confidentially for a US IPO that could value the company at over US$5 billion. eCommerce company, Rokt, was valued at US$3.5 billion in secondary deal, and is targeting a 2026 IPO. Data analytics firm Databricks raised US$5 billion in debt in a new round of financing that will help the company offset taxes from employee share sales, Bloomberg reported.A.I. military start-up Anduril is planning a US$1 billion factory in Ohio. Saronic, a three-year-old startup that is aiming to make a fleet of autonomous boats for the U.S. Navy, is in talks to raise US$500 million. The Series C round talks, which remain ongoing, would value the nascent company at over US$3 billion. TSMC, the world’s largest chipmaker, reported on Thursday that net income increased 57% to US$11.6 billion in the December quarter from a year ago, thanks to strong demand for artificial intelligence chips. The EU is reassessing its probes into Apple, Meta, Google and other big tech companies. In Canada, Sophic Client Plurilock, upsized its special warrant offering to $4.8 million from $2.5 million. Edge Total Intelligence announced a non-brokered private placement for gross proceeds of ~$5 million. Sophic Client NowVertical Group executives purchased shares in the open market, and the CEO is taking an equity bonus in lieu of cash. A Fortune 500 food company signed a five-year renewal with Sophic Client Boardwalktech. Toronto-based healthcare platform League secured a US$100 million ($144 million) credit facility from RBCx. Toronto-based corporate card and expense management technology startup Float has secured a $70 million Series B round.

Renoworks Software Inc. (RW) – Building A Big Business with the Industry’s Biggest Enterprises

Renoworks Software Inc. (RW) – Building A Big Business with the Industry’s Biggest Enterprises

Following the initial business disruptions and lockdowns in 2020 due to the COVID-19 pandemic, home construction and renovations thrived. Sophic Capital client Renoworks Software (TSXV:RW, OTC:ROWKF) followed along, with 2020 revenues growing 20+% year-over-year.
Renoworks counts some of North America’s largest construction material manufacturers, distributors, and retailers as customers and should benefit from the continuing home renovation boom.

January 12, 2025: Welcome to 2025! Good News Is Bad…Again

January 12, 2025: Welcome to 2025! Good News Is Bad…Again

Last week, Dow Jones and S&P fell 1.9%, NASDAQ lost 2.3%. Both S&P and NASDAQ are down nearly 1% so far in 2025, as a hot jobs report spiked treasury yields. Anthropic in is talks to raise funding at a US$60 billion valuation — more than 3x the company’s valuation from around a year ago. Bluesky, an alternative to Elon Musk’s X, is in talks to raise money at a US$700 million valuation in a round led by Bain Capital Ventures. SoftBank’s chip designer Arm is reportedly considering acquiring Ampere computing. CrowdStrike, the cyber security company behind the botched update that took down millions of Windows PCs and servers in July, has more than recovered the US$30 billion in market value it shed in the wake of the crisis. At CES, Nvidia announced a US$3,000 personal AI supercomputer called Digits. Quantum computing stocks dropped Wednesday after Nvidia CEO Jensen Huang declared that useful quantum computers are many years away — Rigetti Computing fell 40%, IonQ shed 37%, D-Wave Quantum fell more than 30%. Microsoft is planning company-wide performance based layoffs, and investing US$3 billion in AI and cloud services in India. Online spending grew 3% to a record US$1.2 trillion over the holiday period, according to Salesforce. Disney is selling its streaming cable business Hulu + Live TV to smaller rival Fubo TV, in exchange for a 70% stake in Fubo. In Canada, conversational AI startup Cohere unveiled a preview of North, a new product that marries its large language models and search models to help corporate users work faster. Toronto-based e-commerce software aggregator Carbon6 Technologies will be acquired by SPS Commerce for US$210 million. Shopify acquired the Shop.ca domain from Emerge Commerce. Sophic Client, Xcyte Digital announced a new CFO.

January 05, 2025: Weak Santa Rally, Third Year In A Row

January 05, 2025: Weak Santa Rally, Third Year In A Row

Friday was the last day of the Santa Claus rally — Dow Jones was down 0.4%, S&P lost 0.5%, Nasdaq fell 0.7% during that period this time around. While this could presage larger declines during the year, 2023 and 2024 had weak Santa Claus rallies as well, and despite major indices ending the week down – Friday saw strong rebounds. Nvidia CEO, Jensen Huang’s CES 2025 keynote address could provide readthroughs for investors. Amazon struck a warrant deal with electronics manufacturer Jabil. Amazon has a record of equity-for-spending deals with its suppliers. Shares of Carvana fell 2% after Hindenburg Research, published a short report. Tesla said it sold fewer electric vehicles in 2024 than the prior year for the first time since 2010, as China’s electric-vehicle leader BYD posts record sales in 2024. Microsoft is on track to spend US$80 billion on datacenters for running AI software in the twelve months ending in June. In Canada, two more tech companies were taken out last week. Quisitive will be acquired by H.I.G. Capital. For $0.57/sh in cash, a 57.1% premium to the 20-day VWAP. Tech services firm WWT will acquire Softchoice (SFTC-TSX) in all-cash deal, for $24.50/sh – a premium of ~ 32% on the closing price September 23, 2024, (day prior to commencement of the review process). Sophic Client Legend Power Systems announced upsizing of its Non-Brokered Private Placement and closing of first tranche at a price of $0.18/ Unit, distributing 4,233,167 Units for gross proceeds of $761,970. Sophic Client, NowVertical further enhanced core leadership alignment through debt-to-equity conversions. An aggregate entitlement of US$815,000, and US$151,200 will be settled via stock at 33c (11% discount to the last closing price), certain additional cash payments will be spread out over time. These agreements, combined with the previously announced LATAM market unit debt-to-equity conversion, deliver total cash outflow savings of approximately US$1.6 million, significantly supporting NowVertical’s organic growth strategy.

Company Tweets

AnalytixInsight provides a corporate update. https://www.analytixinsight.com/news/analytixinsight-provides-a-corporate-update
$ALY.V #AI #fintech $ALY.V #AI #fintech

AnalytixInsight reaches a settlement with Board Directors https://www.analytixinsight.com/news/analytixinsight-reaches-settlement-with-board-directors
$ALY.V #AI #fintech

AnalytixInsight reports revocation of MCTO & Q1 2024 financial results
https://www.analytixinsight.com/news/analytixinsight-reports-revocation-of-mcto-q1-2024-financial-results
$ALY.V #AI #fintech

AnalytixInsight provides 2023 financial results & bi-weekly MCTO status
https://www.analytixinsight.com/news/analytixinsight-reports-2023-financial-results-andprovides-mcto-status-update
$ALY.V #AI #fintech

AnalytixInsight provides MCTO status update https://www.analytixinsight.com/news/analytixinsight-provides-mcto-status-update $ALY.V #AI #fintech

AnalytixInsight Announces Delay in Filing its Annual Audited Financial Statements and Interim Court Order https://www.analytixinsight.com/news/analytixinsight-announces-delay-in-filing-its-annual-audited-financial-statements-and-interim-court-order $ALY.V #AI #fintech

Certain directors and officers of AnalytixInsight Inc. provide a fourth update on ongoing corporate matters at the Company. https://www.analytixinsight.com/news/fourth-update-on-ongoing-matters-at-analytixinsight $ALY.V #AI #fintech

Certain directors and officers of AnalytixInsight Inc. filed a Notice of Application today in the Ontario Superior Court of Justice. https://www.analytixinsight.com/news/analytixinsight-and-certain-officers-and-directors-apply-to-court-for-orders-and-relief $ALY.V #AI #fintech

Certain directors and officers of AnalytixInsight Inc. today provide an additional update on ongoing corporate matters. https://lnkd.in/gZYwhaKM $ALY.V #AI #fintech

AnalytixInsight Inc. provides additional information in response to a news release disseminated on April 7, 2024 https://rb.gy/alj0lo $ALY.V #AI #fintech

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