Weekly Cache

Weekly Investment News and Analysis

Please see what we’ve been reading in technology and ESG related investing this week. Please feel free to send us what you’ve found interesting.

Latest Investment News

October 03, 2026: Mixed Signals For Tech Investors

Last week, Nasdaq composite was flattish, gaining 0.45%, despite briefly hitting a record high Friday. S&P 500, lost 0.3%, Dow Jones Industrial Average was down 1.3%. Anthropic’s confidential IPO prospectus, showed two customers generating nearly a quarter of 2025 revenue of US$4.6 billion, a US$42 billion net loss (about US$34 billion from a funding-related accounting charge), up to US$84.5 billion in SpaceX compute agreements through 2029, and at least US$518 billion of planned infrastructure spending over ten years. OpenAI is nearing US$70 billion in annualized revenue and is in early talks to raise US$30 billion at a ~US$1.4 trillion valuation. Nvidia and SoftBank each funded their final US$10 billion from the March round. OpenAI also shelved GPT-6.1 Astra after it underperformed on safety tests. Google launched Gemini 4 Argon at US$2/US$10 per million input/output tokens, well below rivals. Meta’s Muse passed 3 million weekly prompting users and added small-business integrations. Micron’s revenue nearly quintupled to US$54.2 billion, with US$33 billion of free cash flow. Nvidia added US$150 billion to its buyback, the largest increase in history. Accenture rose ~16% on a fiscal Q4 beat. At the same time, SocGen, SMBC and MUFG turned more selective on data centre loans. Accelevation priced its US$540 million IPO at US$18, below its US$20-24 range, and traded lower. Oura postponed its IPO. Sharon AI secured a US$356 million GPU-backed loan at 9.95%. In Canada, BRC Group agreed to acquire Sangoma at a ~US$204 million enterprise value (US$5.225 per share, a ~47% premium), Quantum eMotion agreed to acquire Plurilock for ~C$33.8 million (C$0.28 per share, a ~100% premium). WELL Health’s software spin-out Wellstar began trading on the TSXV. In news pertaining to Sophic clients, Juno Industries unveiled its GUARDIAN SYSTEM and LOGAN PLATFORM, was accepted into the Defence Drone Initiative, and expects its qualifying transaction with Trail Blazer to close with TSXV trading in October. Hybrid Power Solutions received a 20-unit Batt Pack Pro order for U.S. Air Force use and reported Q4 revenue of $886,333, up 707% year-over-year, with a $19.3 million pipeline. 01 Quantum was issued a U.S. patent for its secure AI technology. PCI Geomatics shareholders approved Intermap’s acquisition, expected to close mid-October.

Invesment News in the Past Weeks

September 27, 2020

IPO activity in the USA cooled a bit after a few heated weeks, while M&A kept chugging along. In Canada, publicly listed technology companies announed ~$85 million in bought deals.

September 20, 2020

It’s great to see Nuvei have a successful IPO on the TSX last week — we believe robust IPOs are a very important part of the Canadian public markets ecosystem, even as US capital markets rediscover SPACs. Canadian VC also reported strong activity.

September 13, 2020

Lots of activity in the Canadian VC space this past week, as well as Lightspeed’s NYSE debut. Sophic client, Kontrol (KNR-CSE) had positive news of another successful test of its Covid detection product, BioCloud.

September 6, 2020

We hope you’re enjoying the long weekend with your loved ones. Many high growth stocks pulled back on Thursday, and Friday to some extent – however, valuations still remain elevated. Interestingly a Financial Times piece on Friday suggested Softbank’s option trading could have been tech stocks higher over the summer.

August 30, 2020

Monday saw the one the highest number of SEC S-1 filings for high profile companies going public as we have seen in nearly fifteen years in capital markets. September, should be a very interesting month!

August 23, 2020

While the Tik-Tok drama continues to unfold, high profile companies including SpaceX, Robinhood, Airbnb, Ant Financial, Palantir move ahead to either raise capital or go public. Palantir also plans to move its headquarters from the Bay Area to Denver, which could aid the trend of tech companies being more widely located, which we believe is a tailwind for the Canadian tech ecosystem. For example, Odyssey Interactive’s founders previously worked in the United States but opted to establish the company in Canada, because of the strong startup ecosystem in Canada.

August 16, 2020

Epic Games and Facebook appear to be pushing back against app store policies, which could have far reaching implications. Several high profile companies are expected to go public this fall & Robinhood is garnering lots of attention (including, gracing the cover of this week’s Barrons).