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Direxion Announces Reverse Split of JDST

Direxion

CONTACT: Danielle Black, SAE Ditto Public Relations direxion@dittopr.co NEW YORK —May 31, 2024— Direxion, a leading provider of tradeable and thematic ETFs, has announced it will execute a reverse split of the issued and outstanding shares of the Direxion Daily Junior Gold Miners Index Bear 2X Shares (Ticker: JDST ) (the “Fund”). The total market value of the shares outstanding will not be affected as a result of this split, except with respect to the redemption of fractional shares, as outlined below. After the close of the markets on June 28, 2024 (the “Effective Date”), the Fund will effect a reverse split of its issued and outstanding shares as follows: Please note the CUSIP change, effective July 1, 2024: As a result of this reverse split, every ten shares of the Fund will be exchanged for one share as indicated in the table above. Accordingly, the total number of the issued and outstanding shares for the Fund will decrease by the approximate percentage indicated above. In addition, the per share net asset value (“NAV”) and next day’s opening market price will be approximately ten-times higher for the Fund. Shares of the Fund will begin trading on the NYSE Arca, Inc. (the “NYSE Arca”) on a split-adjusted basis on July 1, 2024. The next day’s opening market value of the Fund’s issued and outstanding shares, and thus a shareholder’s investment value, will not be affected by the reverse split. The table below illustrates the effect of a hypothetical one-for-ten reverse split anticipated for the Fund: 1-for-10 Reverse Split Redemption of Fractional Shares and Tax Consequences of the Reverse Split As a result of the reverse split, a shareholder of the Fund’s shares potentially could hold a fractional share. However, fractional shares cannot trade on the NYSE Arca. Thus, the Fund will redeem for cash a shareholder’s fractional shares at the Fund’s split-adjusted NAV as of the Effective Date. Such redemption may have tax implications for those shareholders and a shareholder could recognize a gain or loss in connection with the redemption of the shareholder’s fractional shares. Otherwise, the reverse split will not result in a taxable transaction for holders of Fund shares. No transaction fee will be imposed on shareholders for such redemption. “Odd Lot” Unit Also, as a result of the reverse split, the Fund may have outstanding one aggregation of less than 50,000 shares to make a creation unit, or an “odd lot unit.” Thus, the Fund will provide one authorized participant with a one-time opportunity to redeem the odd lot unit at the split-adjusted NAV or the NAV on such date the authorized participant seeks to redeem the odd lot unit. The Direxion Shares ETF Trust’s transfer agent will notify the Depository Trust Company (“DTC”) of the reverse split and instruct DTC to adjust each shareholder’s investment(s) accordingly. DTC is the registered owner of the Fund’s shares and maintains a record of the Fund’s record owners. All Direxion leveraged and inverse ETFs are intended only for investors with an in-depth understanding of the risks associated with seeking leveraged investment results, and who plan to actively monitor and manage their positions. There is no guarantee these ETFs will meet their objective. Please visit the Direxion Leveraged and Inverse ETF Education Center, where you will find educational brochures, videos, and a self-paced online course to help you understand if leveraged ETFs are right for you. About Direxion: Direxion equips investors who are driven by conviction with ETF solutions built for purpose and fine-tuned for precision. These solutions are available for a broad spectrum of investors, whether executing short-term tactical trades, or investing in thematic strategies. Direxion’s reputation is founded on developing products that precisely express market perspectives and allow investors to manage their risk exposure. Founded in 1997, the company has approximately $42.3 billion in assets under management as of March 31, 2024. For more information, please visit www.direxion.com. There is no guarantee that the Fund will achieve its investment objective. For more information on all Direxion Shares ETFs, go to www.direxion.com, or call us at 866.301.9214. An investor should carefully consider the Fund’s investment objective, risks, charges, and expenses before investing. The Fund’s prospectus and summary prospectus contain this and other information about the Direxion Shares. To obtain a prospectus and summary prospectus call 866-476-7523 or visit our website at direxion.com. The Fund’s prospectus and summary prospectus should be read carefully before investing. Leveraged and Inverse ETFs pursue daily leveraged investment objectives which means they are riskier than alternatives which do not use leverage. They seek daily goals and should not be expected to track the underlying index over periods longer than one day. They are not suitable for all investors and should be utilized only by sophisticated investors who understand leverage risk and who actively manage their investments. Direxion Shares Risks – An investment in the Fund involves risk, including the possible loss of principal. The Fund is non-diversified and includes risks associated with the Fund concentrating its investments in a particular industry, sector, or geographic region, which can result in increased volatility. The use of derivatives, such as futures contracts and swaps, are subject to market risks that may cause their price to fluctuate over time. Risks of the Fund include Effects of Compounding and Market Volatility Risk, Leverage Risk, Market Risk, Counterparty Risk, Rebalancing Risk, Intra-Day Investment Risk, Other Investment Companies (including ETFs) Risk, Cash Transaction Risk, Passive Investment and Index Performance Risk, and risks specific to investment in the securities of gold and silver mining companies and the mining and metal industry, which are included in the materials sector. Because the Index is concentrated in the gold mining industry, and may have significant exposure to assets in the silver mining industry, the Fund will be sensitive to changes in the overall condition of gold- and silver-related companies. Competitive pressures may have a significant effect on the financial condition of gold- and silver-related companies. Additional risks for the Fund include Shorting or Inverse Risk and Daily Inverse Index Correlation Risk. Please see the summary and full prospectus for a more complete description of these and other risks of the Fund. Non-Physical Commodities Disclosure – This fund tracks a commodity related equity index, consisting of a basket of oil and gas related stocks. It does not invest in physical commodities and should not be expected to directly track the price performance of oil and gas commodities. Distributor: Foreside Fund Services, LLC. Contact Details Ditto PR Danielle Black direxion@dittopr.co Company Website https://www.direxion.com/

May 31, 2024 05:32 PM Eastern Daylight Time

Youri Unveils New Range of Premium Phone Cases for iPhone and Samsung Galaxy Devices

Rev Up Marketers

Youri, a leader in mobile accessories, proudly announces the launch of its latest line of phone cases designed for iPhone and Samsung Galaxy devices. Now available, these cases merge high-level protection with elegant styling, ensuring smartphones are both secure and stylish. Discover the full range of products at www.youri.com. Made from top-quality materials, Youri's new phone cases deliver outstanding protection against drops, bumps, and scratches. Each design is precision-engineered to fit perfectly with the device, providing hassle-free access to all buttons, cameras, and ports. The collection includes a range of styles, from minimalist clear cases that highlight the phone's design to boldly textured cases that stand out. "Our new collection of phone cases represents a perfect synergy of protective technology and aesthetic design," said the Youri Marketing Team. "We recognize that our customers want accessories that are both functional and fashionable, and we've responded with a line of cases that meet these needs while also offering superior protection." Highlights of the Youri phone cases include shock-absorbent corners, anti-scratch coatings, and raised bezels to protect screens from direct contact with surfaces. Emphasizing environmental responsibility, Youri has integrated eco-friendly materials into several new case designs. Youri phone cases are now available for purchase on the company’s website. Customers can take advantage of an exclusive introductory discount on all orders for a limited time. Explore the collection and select the perfect case for your iPhone or Samsung Galaxy at www.youri.com. About Youri In April 2020, Youri launched SendUsMasks to provide affordable, high-quality reusable cloth masks, combating price gouging during uncertain times. Their dedication to people in need earned them over 1,700 five-star reviews and saved thousands of lives. Rebranded as Youri, they now focus on offering top-quality phone cases for iPhone and Samsung Galaxy devices, maintaining their commitment to customer trust and satisfaction. Contact Details Youri Stevan Shlemoon +1 844-958-2919 hello@youri.com Company Website https://youri.com/

May 31, 2024 04:53 PM Eastern Daylight Time

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Hey gals, here are the worst mistakes you're making with money

Money Canada

By Serah Lewis and David Saric While we adhere to strict editorial guidelines, partners on this page also provide us earnings. Ladies, we can be truly savvy with our dollars, especially when it comes to finding a great deal. Women are so good at managing money that 20% of Canadian spouses relied solely on their female partner to set and follow the household monthly budget, according to survey released in 2023 by Loans Canada, the nation's first loan comparison platform. 1 However, even those of us accustomed to pinching pennies on a regular basis, can make a few key mistakes. To help, here are the five biggest mistakes women make with their money — ranked from not-such-a-big-deal to stop it right now! Buying poor quality clothes When most women are shopping on a budget, they end up with clothing that falls apart or shrinks after a few washes. Instead of buying throwaway fashion — trendy clothes at low prices — consider investing in a few pieces of high-quality closet 'staples.' Stores like Club Monaco, which was founded with the concept of offering "better basics," is a quality step-up from fast fasion, and one good option if you want a closet full of useful, wear-anywhere fashion staples. Another option is second-hand clothing. Even when clothing is used, it still lasts longer than poorly made “fast fashion.” For those open to the idea of shopping and wearing second-hand clothing, can find great options either online or through brick-and-mortar stores that specialize in good quality second-hand clothing. For instance, websites like Poshmark offer high quality name brands at more accessible prices. Change where you buy your clothes — and what you buy — and you could save hundreds of dollars in a year or two. Not investing The stock market is dominated by male investors. Hollywood portrays investing as a boy’s club fueled by adrenaline and testosterone, especially in movies like The Wolf of Wall Street. But studies show that women who opt to invest in stocks and other equities tend to outperform men. The theory is that women are less reactive to market fluctuations, according to report from Fidelity Clearing Canada 2 — and more apt to sticking with their financial plan and investing strategy. Another theory is that women are less prone to chasing market returns and more invested in stable, long-term strategies — an investment strategy often promoted by finance experts like Warren Buffett. The good news is that you don't need thousands of dollars and a broker to begin investing. Women can start trading using an online brokerage account. There are bank-offered brokerage accounts, such as CIBC Investor's Edge, as well as fintech trading platforms, such as Wealthsimple and Questrade. The key is to find an online brokerage account that suits your needs. For those new to investing, consider a brokerage account with a robust educational component. For instance, CIBC Investor's Edge offers articles and tips on how to start and increase your trading knowledge. Right now, new clients get 100 free trades and up to $4,500 cash back when you open a CIBC Investor's Edge account. If your aim is to launch a buy-and-hold investment strategy — and avoid the stress and fees of active trading — you'll want an online trading platform with no- or low-cost trading fees. To help you choose, consider the following options: CIBC Investor's Edge: Great for beginners + Best promo for new account holders CIBC Investor's Edge stands out as a compelling choice for both seasoned and novice investors. For clients who already bank with CIBC — or their online-only bank affiliate, Simplii Financial — the integration between bank accounts and investing platform is simple and easy. Not only does CIBC Investor's Edge offer competitive pricing, with trades ranging from $4.95 to $6.95, but new clients can expect 100 free trades and up to $4,500 in cash back. If you're under the age of 25, you can continue your investing journey with ongoing free trades. Open an account, today. Wealthsimple: Ideal for variety + Great for automating investments Wealthsimple is one of the most popular investment apps in the Canadian fintech space, and it’s no secret why. There is no minimum to open an account, and they offer a variety of portfolios to suit every investor’s personality. Plus, Wealthsimple Trade will reimburse an outgoing administrative transfer fee of up to $150 on investment account transfers valued at more than $5,000. It offers stock trading, crypto trading and autopilot investing. Moka: Low-cost flat-fee robo-advisor + Free stock and ETF trades Set up automatic savings and automated investments using the Moka account. Fees will cost you between $7 to $10 per month, but this low-cost fee gets you access to five professionally managed investment portfolios, as well as free stock and ETF trades. Open a Moka account, today. Questrade: Low-cost trading platform with robust investor tools Get a $50 rebate on trading fees when you open a new account. Not maintaining a good credit score Women tend to have worse credit scores than men, according to MSNBC 3. Men tend to have an average credit score of 630, while women average around 621. Credit scores range from low 500s to 900. One easily-accessible option for building and maintaining a good credit score is to use a credit card. Used correctly, credit cards are great for building your credit history. However, when credit cards are maxed out, these short-term loan options hurt your budget and your credit score. If you need to start building your credit history, consider applying for a credit card that caters to people with no- or low-credit scores. If you need to rebuild your credit score — and part of the problem is a high credit card balance — consider finding a way to reduce the interest paid on this debt. For instance, using a low-interest credit card can help you reduce the interest charged on the outstanding balance. This reduces the amount of money you spend on interest and frees up cash that can be used to pay down the debt. Do this consistently — always making minimum monthly payments on all outstanding debts — and you'll get out of debt faster and rebuild a robust credit score. Good low-interest credit card options include: MBNA True Line Mastercard: Annual interest rate is only 12.99% and there's no annual fee. Get this card before December 31, 2024, and pay 0% interest for 12 months on all balance transfers completed within 90 days of opening the account, although a 3% transfer fee applies. Still, transferring a balance an outstanding balance of $5,000 from a credit card that charges 20.99% interest per year, could save you more than $550 that first year. Apply for the MBNA True Line Mastercard. MBNA True Line Gold Mastercard: Like the True Line card, this credit card charges a low annual interest rate of just 8.99%, but you'll need to pay an annual fee of $39. Apply for the MBNA True Line Gold Mastercard. Scotiabank Platinum American Express Card: This card comes with a steep annual fee of $399, but the low annual interest rate of 9.99% means you'll pay much less when carrying a balance. Approximately $4 per month for every $500 owed. Plus, this card doesn't charge foreign transaction fees on any foreign currency purchases — making it a great travel companion — and you earn two Scene+ points for every dollar spent. Until October 31, 2024, new account holders can earn up to $2,100 in value (in the first 14 months), including up to 60,000 bonus Scene+ points. Apply for the Scotiabank Platinum American Express Card, today. Scotiabank Value Visa: This Visa card charges an annual interest rate of 12.99% and, until October 31, 2024, new account holders will pay no annual fee — a savings of $29 — and pay 0% interest on balance transfers for the first 10 months. Apply for the Scotiabank Value Visa, today. Falling for pyramid schemes So many mothers are under pressure to 'have it all.' Work-at-home pyramid schemes — with people on the bottom making very little money — specifically target women who want to earn an income while raising their kids. The desire to do it all isn't new and the schemes that prey on this desire are also not new, according to 2021 article published by the Huffington Post 4. These companies know how to prey on women's insecurities — including the idea that you must be popular to be valued and you must earn to have a say in household monetary matters. Don’t fall into this trap. Take the time to educate yourself about pyramid schemes 5. There's nothing wrong with wanting it all but you will need to prioritize what's important, right here, right now. Undervaluing your skills Women are still paid 9.2% less than men, on average, even if they have the same education and work experience, according to data released by Statistics Canada 6. If you've been working for your company for a while, don’t be afraid to ask for a raise or to inquire if a promotion might be available. Speaking up can be tough, especially if you sense that your boss doesn’t recognize your true value. If you find yourself stuck in a pay situation that probably won't get any better, it may be time for you to look for new opportunities elsewhere. — with files from Shannon Quinn and Leslie Kennedy Trade Smarter, Today With CIBC Investor's Edge, kick-start your portfolio with 100 free trades and up to $4,500 cash back. Sources 1 Loans Canada: Women are better at finances than men; men know it, too: New survey results (Mar 8, 2023) 2 Fidelity Clearing Canada: Why women are a major force in investment circles (Mar 2024) 3 MSNBC: Being a woman hurts your credit score — Here's what you can do about it (Dec 17, 2018) 4 Huffington Post: MLMs are a nightmare for women and everyone they know (Jan 29, 2021) 5 Competition Bureau Canada: Pyramid schemes 6 Statistics Canada: Intersectional perspective on the Canadian gender wage gap (Sept 21, 2023) Contact Details Wise Publishing, Inc. Aaron Young +1 310-500-8744 aaron.young@wisepublishing.com Company Website https://money.ca/

May 31, 2024 10:30 AM Central Daylight Time

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New Study Finds Majority of American Insurance Brokers See Major Industry Challenges of Client and Talent Loss Without Adoption of Automation Technology: LINKITSYSTEMS

LINKITSYSTEMS

LINKITSYSTEMS, a knowledge-driven IT partner specializing in solving IT challenges for insurance companies, found in a new data study of American insurance brokers that 55% stated a lack of sophisticated technology to automate administrative tasks like filing claims, underwriting and carrier communications is the greatest challenge facing the insurance industry. More than 65% of brokers said the business consequences of not utilizing technology to streamline these processes would lead to a lack of customer satisfaction, loss of customer base and a potential loss of talent to more forward-thinking brokerage firms. “This data is a wake-up call for an industry lacking true differentiation. Insurance companies, more or less, offer similar products and solutions to their customers,” said Jimmy Iliohan, vice president of North America at LINKITSYSTEMS. “Speed and efficiency through advanced software can become the greatest differentiator for insurance brokers. By leveraging advanced technology like low-code platforms, brokers can rapidly implement new solutions for self-service intake platforms or automation in underwriting or claims processing. Brokers can service the needs of more clients while focusing more energy on the customer experience, thus truly differentiating themselves from their competition.” The study, which surveyed dozens of insurance brokers and executives across the country, also found: 1 in 5 brokers feel a lack of skilled talent is the second greatest challenge facing the insurance industry behind a lack of technology Regarding the day-to-day work stream, more than a third of brokers are concerned about their customer’s experience through the inefficient underwriting and claim process A quarter of brokers would like to leverage technology to improve communications between carriers and customers alike The insurance industry spends the largest part of its IT budget on Underwriting, followed by Claims, Customer Service, Administrative Tasks and Communications, respectively. “While brokers are shouting for tools and solutions to help them do their jobs more efficiently, technology isn’t a cure-all,” said Iliohan. “Technology can certainly help create the state of urgency needed to increase margins and customer satisfaction, however, our data directly points to a strong concern for a lack of skilled talent in the workforce. As companies invest in technology, it will be equally as important to invest in internal education focused on customer service to build a sustainable pipeline of customer and new business.” About LINKITSYSTEMS: A knowledge-based, full-service IT provider, with more than 25 years of experience in developing, designing and managing innovative IT solutions for top 500 organizations and government agencies. With proven knowledge and experience, and with the use of agile teams, LINKITSYSTEMS solves complex IT challenges and provides top-notch solutions in every situation. The company’s expertise specializes in (low-code) application development, enterprise software, data engineering and cloud modernization. For more information, please visit, https://www.linkitsystems.com Contact Details Courtney Moed Hot Paper Lantern for LINKITSYSTEMS cmoed@hotpaperlantern.com Company Website https://www.linkitsystems.com

May 31, 2024 10:14 AM Eastern Daylight Time

From Pets To Humans, Telomir Pharmaceuticals (NASDAQ: TELO) Holds The Key To Extending Life, Reversing Aging

Benzinga

By Meg Flippin, Benzinga Whoever said you can’t turn back time hasn’t heard of telomere gene therapy. A potentially game-changing field in anti-aging treatment, telomere regeneration involves repairing telomeres or the DNA structures that protect the ends of our chromosomes, similar to caps or shoelaces. Numerous studies have shown that fixing them can extend a person’s biological age and even turn back the clock on certain diseases. As we age, our telomeres become shorter, making us more susceptible to age-related diseases such as osteoporosis, arthritis, heart disease, dementia, Alzheimer's and Parkinson's. Telomeres also affect our appearance. Typically, the longer the telomeres, the younger you look. Reversing Aging One Telomere At A Time Repairing Telomeres could prove to be the holy grail of anti-aging treatments, which is why it's a big opportunity. After all, if you could reverse age-related diseases, the benefits could be endless. That’s what Telomir Pharmaceuticals Inc. (NASDAQ: TELO) is hoping proves true with Telomir-1, its potential treatment for age-related conditions. The company says Telomir-1 is the first novel small molecule to lengthen the DNA’s protective telomere caps in order to potentially reverse age-related conditions. The novel molecule – which Telomir is currently testing in mice and dogs, with human clinical trials to come later – binds to critical metals that wear down telomeres. By limiting the availability of metals and interrupting the enzyme function, Telomir-1 seeks to restore cellular metal homeostasis and reverse a person’s biological age. The non-toxic oral therapy provides what the company says is a safe and effective alternative to existing treatments with minimal side effects. Total Addressable Market and investment Opportunity That alone is a big market opportunity for Telomir Pharmaceuticals. The longevity and anti-senescence therapy market is valued at $27.11 billion and is projected to reach $44.92 billion by 2031, growing at a CAGR of 6.8% over 2024-2031. Then there’s Alzheimer's, where telomere length has also received attention as a biomarker. Nearly seven million Americans suffer from this disease that attacks memory and cognitive functions. By 2050, that’s forecast to reach close to 13 million. And let's not forget cancer, another area Telomir-1 could prove effective in fighting. The global oncology market size is projected to reach $521.60 billion by 2033, growing at a CAGR of 8.9% from now until then. Positive Preclinical Studies & Effectiveness So far, Telomir is making progress in proving its effectiveness, with early preclinical studies and collaborations with InSilicoTrials indicating Telomir-1's potential efficacy in telomere elongation and age reversal. Positive outcomes in its animal studies include improvements in mobility and cognitive functions, which sets the stage for the company to achieve what it says are significant milestones. Telomir also points to the results of rat and dog studies to be released later this year, which are expected to show Telomir-1’s efficacy and safety profile. That may boost investor confidence as it gets one step closer to human trials. In March, the company presented a scientific poster at the National University Health System of Singapore (NUHS) Centre for Healthy Longevity Conference 2024 with data showing Telomir-1 lengthed three human cell lines: MRC-5 fetal lung fibroblasts, human umbilical endothelial cells and mesenchymal stem cells. A subsequent poster presentation at the Global Longevity Federation Conference in Las Vegas further demonstrated that total telomere length was augmented following various Telomir-1 treatments. “While more research is needed, these preliminary findings open up the possibility that many diseases long considered inevitable consequences of aging could become avoidable,” said Dr. Michael Roizen, special advisor to Telomir. “This study further demonstrates our belief that Telomir-1 may have the effect of reversing age through telomere regeneration, enabling the production of more stem cells, essentially allowing an individual to repair oneself.” Canine Opportunity Too Telomir is focused on bringing its novel telomere therapy to humans, but it is also going after the canine market, aiming to reverse the aging of America’s best friend. Positive preclinical trials have shown that Telomir-1 may have many applications in the veterinary market. That, too, is a big opportunity for Telomir, given that Americans are poised to spend $156 billion on their pets by the end of this year – with dogs being the most popular pets. The world is getting older, but not necessarily healthier. With age-related diseases exploding, finding ways to reverse the impact of time on our bodies is reaching a fever pitch. Telomir may hold the key to anti-aging with Telomir-1. “It will be a powerful, revolutionary change. Every country in the world would want to use this product,” said Telomir CEO Chris Chapman, if it works on humans. “If we can stop the aging process we can stop age-related diseases.” Featured photo by digitale.de on Unsplash. Benzinga is a leading financial media and data provider, known for delivering accurate, timely, and actionable financial information to empower investors and traders. This post contains sponsored content. This content is for informational purposes only and is not intended to be investing advice. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com

May 31, 2024 09:30 AM Eastern Daylight Time

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New Horizon Aircraft (NASDAQ: HOVR) Announces Key Technical Updates On Development Of eVTOL Prototype

Benzinga

By James Blacker, Benzinga The world is on the cusp of a new era of more sustainable and efficient transportation with the advent of electric Vertical Take-Off and Landing (eVTOL) aircraft. These potentially revolutionary vehicles are designed to take off and land vertically, making them ideal for congested urban environments and remote areas where runway space is limited. They have a long list of use cases, from faster medical service to global crisis relief. The global advanced air mobility market, estimated at $8.15 billion in 2022, is projected to expand at a compound annual growth rate of 24.6% from 2023 to 2035, driven by advancements in electrical propulsion systems and demand for faster, more efficient transportation. New Horizon Aircraft: A Differentiated eVTOL Product Among the companies developing eVTOL technology is New Horizon Aircraft Ltd. (NASDAQ: HOVR). Its prototype, the Cavorite X7, is a hybrid electric eVTOL that features a patented wing system allowing it to convert to a conventional airplane configuration after taking off vertically. The company claims it can, therefore, go faster, farther, and carry more useful load than other eVTOL aircraft, such as those developed by Lilium (NASDAQ: LILM), Archer Aviation (NYSE: ACHR), Joby Aviation (NYSE: JOBY), and EHang Holdings (NASDAQ: EH). The Cavorite X7 also differs from its competitors in that it uses a hybrid electric main power system allowing it to recharge its battery array in flight and after landing. Technical Milestones In a recent press release, Horizon announced a number of promising technical updates on the development of its prototype, notably including the validation of its patent-pending yaw control system. This system is a crucial component of Horizon’s patented HOVR Wing tech, enabling the Cavorite X7 to remain stable even in strong crosswinds. It offers a smoother and more comfortable ride for passengers while improving control for pilots. Another significant announcement is the start of production and testing of the aircraft’s core vertical lifting fan technology. This milestone was reached thanks to the completion of the detailed design and aerodynamic analysis. The scale prototype of the Cavorite X7 is currently undergoing a rigorous flight-testing program, with important “transition” flight tests on schedule to be completed by mid-summer where the aircraft will complete the transition from hover to full wing-borne flight – something few companies in this space have achieved. Horizon stated that the aircraft is demonstrating stability and control as expected. “Over the past several months, Horizon has made incredible progress. I am continually amazed with the technical aptitude of our team as it clears one engineering hurdle after another. The transition flight testing program has taken significant strides forward, with the aircraft demonstrating impressive stability and control all the way from hover to approaching transition speed,” said Horizon Chairman and CEO Brandon Robinson. Horizon’s unique hybrid eVTOL architecture sets it apart from its all-electric competitors, making the company one to keep an eye on in this space. Learn more about the company here. Benzinga is a leading financial media and data provider, known for delivering accurate, timely, and actionable financial information to empower investors and traders. This post contains sponsored content. This content is for informational purposes only and not intended to be investing advice. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com

May 31, 2024 08:30 AM Eastern Daylight Time

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Missed Bitcoin's Run Up To $75,000? Here's Why You Probably Shouldn't Worry

Benzinga

By Kyle Anthony, Benzinga Bitcoin’s recent surge in value, a topic that has caught the attention of both investors and casual observers, might have left some wondering if they missed out on a golden opportunity. In truth, the cyclicality of Bitcoin’s price will likely always leave room for individuals to enter at a reasonable price point and benefit from the appreciation that occurs. Below, we expound on the market dynamics that influence Bitcoin’s price and recent developments that catalyzed the price surge. Factors Influencing Bitcoin’s Price Though Bitcoin is a digital currency, the economic fundamentals of supply and demand still influence its pricing. Given that the underlying protocol/coding for Bitcoin limits its supply to 21 million coins, fluctuations in demand can lead to price volatility. Additionally, factors such as investor interest, adoption rates and macroeconomic conditions affect demand, while mining difficulty adjustments affect the rate of new supply entering the market. A seminal factor influencing Bitcoin’s price is ‘Bitcoin Halving,’ which occurs every four years; the last one occurred on April 19 th, 2024. In simple terms, Bitcoin Halving reduces the rate at which new coins are created. Thus, it is self-induced scarcity written into Bitcoin’s code. The rationale for these quadrennial halving events is to reduce the supply of Bitcoin entering circulation, thus allowing existing coins to keep their value (i.e., avoid inflation). Finally, the mass adoption and securitization of Bitcoin are also influential pricing factors. After rejecting them for almost a decade, the U.S. Securities and Exchange Commission recently approved spot Bitcoin ETFs, which resulted in several financial companies like BlackRock (NYSE: BLK) launching these solutions. Outside of the U.S., markets such as Hong Kong are launching Bitcoin ETFs with great fervor, as there is growing investor demand for these asset types. The securitization of Bitcoin and the usage of these instruments by retail and institutional investors is a growing factor influencing Bitcoin’s price. Bitcoin’s Cyclicality The Bitcoin market cycle refers to the recurring pattern of price behavior in the Bitcoin market, characterized by alternating periods of appreciation and depreciation. During these periods, there are various phases that investors and individuals should take note of, as they can be a gauge as to where the Bitcoin price is heading. Phase 1: Accumulation This occurs when prices are low but small signs of growth appear. During this phase, buyers will accumulate cheaper Bitcoin, representing the point of maximal financial opportunity. Typically, there is bearish sentiment in the market, so volume is low, and prices fluctuate in a tight range near the bottom. Phase 2: Continuation Phase 2 occurs as the price continues moving towards an all-time high. A halving event has historically occurred here, coinciding with shrinking exchange reserves as buyers hoover up supply to capture rising prices in anticipation of new all-time highs. Phase 3: Parabolic When the price eclipses the previous all-time high, price action will start to move exponentially to the upside pushing the price to a new all-time high, which has exceeded the previous landmark by a significant factor. This phase is extremely volatile, with rapid price increases followed by large corrections. Sell volume builds as some investors lock in healthy profits, even as many market participants continue buying, believing the bull market has more room to run. As a result, price volatility is low, given that buy and sell volumes begin to balance against a backdrop of overconfidence. Phase 4: Correction Following the Parabolic phase, the market may see a major correction to the downside. Previous bear market periods have resulted in approximately 80% drawdowns from the top and negative price action for approximately a year. Historical Bitcoin Events Over the years, various market events have influenced Bitcoin’s price. Over the recent decade, the following events have had a material impact on Bitcoin’s price: Silk Road shutdown (2013): In October 2013, the FBI seized the Silk Road, an online marketplace notorious for facilitating illegal Bitcoin transactions. The closure of Silk Road removed a significant source of demand for Bitcoin, leading to a short-term price decline amid regulatory uncertainty and negative media coverage. Bitcoin's first bull run (2013): In late 2013, Bitcoin experienced its first major price rally, soaring to an all-time high of over $1,000 per coin from just $11 per coin in August 2011. This surge in price was fueled by growing mainstream awareness, media attention, speculative trading activity and favorable regulatory developments in some jurisdictions. China bans Bitcoin exchanges (2017): In September 2017, China announced a ban on crypto exchanges and initial coin offerings (ICOs), triggering a significant sell-off in the market. China's regulatory crackdown and concerns over ICO scams and market manipulation contributed to a decline in Bitcoin's price. Bitcoin's bull run and institutional adoption (2020-2021): Bitcoin experienced a remarkable bull run starting in late 2020 and continuing into 2021, reaching new all-time highs above $60,000 per coin. This rally was driven by a confluence of factors, including increasing institutional adoption with several fintech giants coming on board, corporate treasury investments and growing mainstream acceptance of Bitcoin as a store of value and hedge against inflation. Tesla's (NASDAQ: TSLA) Bitcoin investment (2021): In February 2021, Tesla announced that it had purchased $1.5 billion worth of Bitcoin and would accept the cryptocurrency as payment for its products. This endorsement from one of the world's most prominent companies further bolstered Bitcoin's legitimacy as an institutional-grade asset, leading to a surge in price. Bitcoin ETF Launch (2024): In 2024, the long-anticipated launch of spot Bitcoin Exchange-Traded Funds (ETFs) marked a milestone in mainstream cryptocurrency adoption. Following regulatory approvals and growing investor demand for accessible Bitcoin investment vehicles, several financial institutions introduced Bitcoin ETFs, allowing investors to gain exposure to digital assets through traditional brokerage accounts. The introduction of Bitcoin ETFs provided retail and institutional investors with a convenient and regulated means to invest in Bitcoin, further legitimizing its status as an asset class. Keeping An Eye On The Future Of Bitcoin While the recent run-up in Bitcoin’s price may have left many individuals pondering whether they missed a golden opportunity, they can take solace in knowing that such an opportunity may arise again in the future. For individuals who want to remain abreast of the latest Bitcoin and cryptocurrency developments, Caleb & Brown, the world’s leading cryptocurrency brokerage, offers the latest information about what's happening within the cryptocurrency landscape. Visit their website here to learn more and stay prepared to capitalize on opportunities. Featured photo by André François McKenzie on Unsplash. Benzinga is a leading financial media and data provider, known for delivering accurate, timely, and actionable financial information to empower investors and traders. This post contains sponsored content. This content is for informational purposes only and is not intended to be investing advice. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com

May 31, 2024 08:25 AM Eastern Daylight Time

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BioHarvest Sciences Reports Robust Q1 2024 Financial Growth and Strategic Expansion Plans

BioHarvest Sciences Inc

BioHarvest Sciences CEO Ilan Sobel joined Steve Darling from Proactive to share the company's financial and operational results for the first quarter of 2024. The company reported significant revenue growth in Q1 2024, with revenues increasing by 147% to $5.34 million, compared to $2.2 million in the same period of the previous financial year. This also represents an 18% increase from the preceding Q4 2023. Previous guidance for Q1 2024 was $5.2-5.3 million. This impressive performance was driven by continued strong sales of VINIA®, which fueled revenue growth in the Products division. Sobel highlighted that gross margins in Q1 2024 improved to 56%, compared to 37% in the same period of the prior financial year. In the U.S., total subscribers increased by 122%, while marketing and sales expenditures rose by only 39% compared to the same period in the previous year. This indicates a highly efficient growth strategy that has maximized subscriber acquisition without a proportional increase in spending. Management has set optimistic expectations for Q2 2024, projecting revenues in the range of $5.7 to $6.0 million. The company also anticipates reaching EBITDA break-even in the second half of 2024. This financial milestone is expected to be supported by the launch of a new Contract Development and Manufacturing Organization (CDMO) business unit. This unit has already signed two significant contracts: one to develop patentable, plant-based molecules for a Nasdaq-listed pharmaceutical company, and another for a leader in the nutrition and ingredients industry. Furthermore, BioHarvest Sciences is on track to uplist to the Nasdaq exchange in the second half of 2024. This strategic move is expected to enhance the company's visibility and attract a broader base of investors, providing further growth opportunities. Sobel expressed confidence in the company's direction and highlighted the importance of the new CDMO unit in diversifying BioHarvest Sciences' revenue streams. The development of plant-based molecules aligns with the company's commitment to innovation and sustainability, positioning it at the forefront of the biotech industry. Contact Details Proactive North America +1 604-688-8158 NA-editorial@proactiveinvestors.com

May 31, 2024 08:19 AM Eastern Daylight Time

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Nature's Miracle (NASDAQ: NMHI): Innovating Vertical Farming for Sustainable Agriculture

RazorPitch NMHI

The industry of vertical farming is currently experiencing an unparalleled upswing, propelled by the mounting call for sustainable farming methods and the imperative to tackle issues related to food security. North America stands at the forefront of this growth, commanding close to 40% of the global market share. With a compound annual growth rate of 25.5% forecasted for the rest of the decade, the vertical farming market in North America presents significant opportunities for companies to thrive and innovate within this rapidly expanding sector. One company well-positioned to seize the opportunities presented by this surge is Nature's Miracle (NASDAQ: NMHI). With its focus on vertical farming technology and infrastructure, Nature's Miracle is actively involved in shaping the trajectory of this rapidly growing industry. Market Debut On March 11, 2024, Nature's Miracle (NASDAQ: NMHI) completed a significant business combination with Lakeshore Acquisition II Corp., a special purpose acquisition company (SPAC). This merger marked the beginning of a new chapter for Nature's Miracle, with its securities starting to trade under the ticker symbol NMHI on the Nasdaq Global Market the following day. This event was celebrated with a ceremonial closing bell ringing at the Nasdaq Stock Market studio in Times Square, signifying the company's entry into the public market and the commencement of its new corporate identity. James Li, Chairman and Chief Executive Officer of NMHI, commented on this milestone, stating, “The successful closing of our business combination with Lakeshore marks a significant achievement for Nature’s Miracle. This new beginning on the Nasdaq Global Market under the NMHI ticker symbol is a testament to our commitment to growth and innovation in the vertical farming industry.” Partnerships Nature's Miracle has distinguished itself through its advanced vertical farming technology. The company offers a variety of products, including grow lights, hydroponic systems, and modular container farms branded as "MiracleTainer." These products are designed to optimize environmental conditions and increase production yields, making them highly appealing to indoor growers across North America. On March 20, 2024, Nature's Miracle announced a Memorandum of Understanding (MOU) with Future Tech Inc. (FTC), an Ohio-based financial technology, data systems, and energy integrator company with access to 100 MW of electricity in Ohio. This partnership aims to integrate vertical farming facilities with AI computing data centers. James Li highlighted the significance of this collaboration: “A deal with FTC allows our company to partner with AI Computing Data Center providers to co-locate vertical farming facilities in places where there is favorable electricity supply. We should also be able to tap into the indoor growing markets in Ohio, Illinois, and Michigan.” Nature's Miracle's Venture into Bitcoin Mining NMHI announced its participation in the bitcoin industry's annual BITMAIN World Digital Mining Summit (WDMS) 2024, scheduled for June 16–18, 2024, at the Fontainebleau Las Vegas. James Li, Chairman and Chief Executive Officer of Nature's Miracle, will be a keynote speaker at the WDMS on June 18, 2024, exploring the topic of "Co-location bitcoin mining with vertical farming: capturing the residual heat and carbon emission". In running parallel vertical farms and digital mining operations, Nature's Miracle aims to benefit significantly from the excess heat and CO2 emissions generated by these digital mining and data centers. Efinity Brand Smart Dehumidifier Nature's Miracle Holdings Inc. (NASDAQ: NMHI) continues to innovate in the vertical farming industry. One notable development is the recent announcement of its Efinity brand smart dehumidifier. This product further solidifies Nature's Miracle's position as a leader in providing advanced technology and solutions for indoor agriculture This product marks Nature's Miracle as one of only three companies in the U.S. to offer a dehumidifier specifically designed for the indoor growing market. The efinity dehumidifier is available in two models: the 345-pint-per-day SJD-07EG and the 506-pint-per-day SJD-10EG. Both models adhere to the stringent R-32 environmentally friendly standards, which reduce the use of hydrofluorocarbons (HFCs) and lower the global warming potential (GWP). These features make the efinity dehumidifier a critical addition to Nature's Miracle's product lineup, complementing its existing efinity LED lighting business and creating cross-sell opportunities. James Li emphasized the importance of the efinity dehumidifier in enhancing the company's revenue and market position: “The addition of the efinity dehumidifier will enhance both our topline growth and margin expansion. In addition, Nature’s Miracle can offer a full range of indoor growing products, including the industry-leading efinity grow light, MiracleTainer container farm system, efinity dehumidifier, and growing mediums including Dutch coco and Dutch wool. With indoor farming continuing on its upward trajectory, Nature’s Miracle will continue to enhance its position as a one-stop shopping provider of technology, products, and solutions for the industry.” The global dehumidifier market is expected to grow at a compound annual growth rate (CAGR) of 6.8% from 2023 to 2030, presenting a substantial opportunity for NMHI to capitalize on its new product offering. The company anticipates that the efinity dehumidifier will generate over $20 million in annual revenue, tapping into the $500 million industrial dehumidifier market in the U.S. Future Prospects NMHI ’s strategic approach and innovative technology position it well for continued growth. The company’s portfolio, which includes grow lights, hydroponic systems, and modular container farms, is designed to meet the diverse needs of the indoor growing industry. The company's recent MOU with Future Tech Inc. and the launch of the efinity dehumidifier underscore its commitment to expanding its market presence and product offerings. Furthermore, NMHI has been proactive in exploring new opportunities and partnerships. On April 25, 2024, the company announced the successful manufacturing and shipment of its first two customized container farms in its proprietary "MiracleTainer" series to Growterra, LLC, an Ohio-based vertical farming company. These modular indoor farming containers are equipped to monitor and optimize environmental conditions such as temperature, humidity, and nutrient levels to increase production yields over traditional farming methods. Nature's Miracle Holding Inc. (NASDAQ: NMHI) has shown remarkable growth and innovation in the vertical farming industry. From its business combination with Lakeshore Acquisition II Corp. to the launch of its efinity brand smart dehumidifier, the company continues to lead the way in providing advanced technology and solutions for indoor agriculture. With a strong management team and a robust product portfolio, Nature's Miracle is well-positioned to enhance its market share and drive the future of indoor farming. Disclaimers: RazorPitch Inc. "RazorPitch" is not operated by a licensed broker, a dealer, or a registered investment adviser. This content is for informational purposes only and is not intended to be investment advice. The Private Securities Litigation Reform Act of 1995 provides investors a safe harbor in regard to forward-looking statements. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions, or future events or performance are not statements of historical fact may be forward looking statements. Forward looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements in this action may be identified through use of words such as projects, foresee, expects, will, anticipates, estimates, believes, understands, or that by statements indicating certain actions & quote; may, could, or might occur. Understand there is no guarantee past performance will be indicative of future results. Investing in micro-cap and growth securities is highly speculative and carries an extremely high degree of risk. It is possible that an investors investment may be lost or impaired due to the speculative nature of the companies profiled. RazorPitch has been retained and compensated by Awareness Consulting to assist in the production and distribution of content related to NMHI. RazorPitch is responsible for the production and distribution of this content. It should be expressly understood that under no circumstances does any information published herein represent a recommendation to buy or sell a security. This content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice. Nothing contained in this article constitutes a solicitation, recommendation, endorsement, or offer by RazorPitch or any third party service provider to buy or sell any securities or other financial instruments. All content in this article is information of a general nature and does not address the circumstances of any particular individual or entity. Nothing in this article constitutes professional and/or financial advice, nor does any information in the article constitute a comprehensive or complete statement of the matters discussed or the law relating thereto. RazorPitch is not a fiduciary by virtue of any persons use of or access to this content. Contact Details Mark McKelvie +1 585-301-7700 mark@razorpitch.com Company Website http://razorpitch.com

May 31, 2024 06:00 AM Eastern Daylight Time

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