SINGAPORE, Nov. 6, 2024 /CNW/ — Worldwide Stablecoin Payment Network (WSPN) is excited to announce its strategic partnership with Ample FinTech, a Singapore-based fintech company specializing in enterprise-grade Web3 payment platforms and tokenization solutions. This collaboration aims to leverage Ample FinTech’s deep expertise in providing secure, compliant, and efficient tokenization technologies to enhance WUSD’s capabilities in cross-border transactions, reinforcing its leadership in the rapidly evolving Stablecoin 2.0 landscape.

Through this partnership, WSPN and Ample FinTech will explore the integration of enterprise-grade Web3 payment technologies, including programmable payments, digital credentials, and tokenized invoicing. These solutions will be applied to key areas such as cross-border payments, international trade, cross-border e-commerce, and supply chain finance. By combining Ample FinTech’s Web3 payment innovations with WSPN’s global payment infrastructure, this partnership will drive the adoption of more efficient, secure, and scalable payment solutions, helping businesses optimize capital efficiency and streamline global financial operations.

“We are thrilled to partner with WSPN to bring our enterprise-grade Web3 payment and tokenization solutions to the forefront of the global digital economy. By integrating our advanced technologies such as programmable payments, digital credentials, and tokenized invoicing with WSPN’s robust infrastructure, we aim to revolutionize cross-border transactions. This collaboration represents a major step toward optimizing capital efficiency and driving innovation in global financial operations for businesses worldwide.” said Louis Wan, Head of Research, Ample FinTech

“Our partnership with Ample FinTech represents a strategic step forward in advancing Web3 payment solutions,” said Raymond Yuan, Founder and CEO of WSPN. “By integrating Ample’s innovative technologies with our global infrastructure, we’re creating more efficient and flexible solutions for cross-border transactions, further strengthening WUSD’s position in the digital payment landscape.”

About WSPN

WSPN is a leading provider of next-generation stablecoin infrastructure, committed to building a more secure, efficient, and transparent payment solution for the global economy. Their flagship product, WUSD stablecoin, is pegged 1:1 to the U.S. Dollar and aims to optimize secure digital payments for Web3 users.  WSPN ‘s Stablecoin 2.0 approach prioritizes user-centricity, community governance, and accessibility, paving the way for widespread stablecoin adoption.

Learn more: www.wspn.io | X | LinkedIn

About Ample FinTech

Ample FinTech is a financial technology company focused on developing the world leading enterprise Web3 payment and tokenization SaaS platform.

Since its establishment, the Ample FinTech has successfully completed two pilot projects related to CBDC, stablecoin, digital credentials, and tokenization through collaboration with three central banks. Additionally, the Ample FinTech team has received FSTI IA grant from the Monetary Authority of Singapore (MAS) in 2024 for its groundbreaking work in digital credentials and programmable payments.

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SOURCE WSPN

SAN MATEO, Calif., Nov. 6, 2024 /PRNewswire/ — Verkada, the leader in cloud-based physical security, today announced the appointment of Marc Peston as General Manager of Northern Europe. Peston will lead Verkada’s go-to-market and sales operations in Benelux, the Nordics, and the Baltics.

“Demand is growing worldwide for Verkada’s easy-to-use, cloud-based physical security solutions. In Europe, our bookings have grown more than 360% in just the past year,” said Eric Salava, Chief Revenue Officer at Verkada. “Marc’s deep relationships in Northern Europe will put us in an even better position to serve our customers as they adopt our technology to create safer, smarter spaces.”

Peston joins Verkada after nearly a decade at Qualtrics where he held several senior roles in sales and operations. At Qualtrics, Peston drove the company’s expansion into Australia and Southeast Asia before leading the company’s efforts in Benelux.

“Verkada plays an important role in protecting the lives of millions of people around the world every day,” said Marc Peston, General Manager of Northern Europe at Verkada. “I’m looking forward to expanding this impact in Northern Europe, and helping more organizations across the region protect their people and places with privacy-respecting solutions.”

Verkada is growing rapidly in Europe. In the past year, Verkada expanded operations into Germany, Austria, and Switzerland (DACH) and increased its headcount in Europe by 50%. Leading organizations in Northern Europe trust Verkada as their physical security layer, including Rapha Racing, ToyChamp, and Canada Goose.

For more information on Verkada’s products and the impact they are delivering to customers today, learn more here.

About Verkada
Designed with simplicity in mind, Verkada’s six product lines — video security cameras, access control, environmental sensors, alarms, workplace, and intercoms — provide unparalleled building security through an integrated, cloud-based software platform. Over 28,000 organizations across 85 countries worldwide trust Verkada as their physical security layer for easier management, intelligent control, and scalable deployments. For more information, please visit www.verkada.com.

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BANGALORE, India, Nov. 6, 2024 /PRNewswire/ — Zoomcar Holdings, Inc. (“Zoomcar” or the “Company”) (NASDAQ: ZCAR), the Nasdaq-listed leading marketplace for self-drive car sharing, today announced the pricing of a private placement with certain institutional investors. The aggregate gross cash proceeds are expected to be $9.15 million, before deducting fees to the placement agent and other offering expenses payable by the Company. The Company intends to use the net proceeds from the private placement to repay approximately $3.6 million of outstanding indebtedness to certain institutional creditors and for general corporate purposes and working capital.

In connection with the private placement, the Company is planning to issue an aggregate of 2,137,850 units. Each unit will be sold at an effective unit price of $4.28 per unit and will consist of one share of common stock (or one pre-funded warrant in lieu thereof), two (2) Series A warrants, each exercisable for one share of common stock at an initial exercise price of $4.03 per share and one Series B warrant at an exercise price of $0.0001 to purchase such number of shares of common stock as will be determined on the Reset Date (as defined in the Series B warrant). The Series A warrants and the Series B warrants are exercisable beginning on the date that Stockholder Approval (as defined in the Series A warrant) is obtained. The Series A warrants will have a term of 5 years and the Series B warrants are exercisable until exercised in full. The exercise price and number of shares of common stock issuable upon exercise of the Series A warrants are subject to adjustment on the Reset Date, upon future dilutive issuances and following reverse stock splits, in each case, subject to a floor, and the exercise price and number of shares of common stock issuable upon exercise of the Series B warrants are subject to adjustment upon reverse stock splits, subject to a floor, and in each case, as will be described in more detail in the Current Report on Form 8-K to be filed in connection with the private placement.

The closing of the private placement is expected to occur on or about November 6, 2024, subject to the satisfaction of certain customary closing conditions.

Aegis Capital Corp. is acting as the Exclusive Placement Agent for the private placement.

The securities described above are being sold in a private placement exempt from the registration requirements of the Securities Act of 1933, as amended (the “Act”), and have not been registered under the 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 Act and such applicable state securities laws. Pursuant to a registration rights agreement with the investors, the Company has agreed to file one or more registration statements with the Securities and Exchange Commission (the “SEC”) covering the resale of the common stock sold in the private placement and the common stock issuable upon exercise of the pre-funded warrants and the warrants sold in the private placement.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy any of the securities described herein, 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 laws of any such state or jurisdiction.

About Zoomcar

Founded in 2013 and headquartered in Bengaluru, India, Zoomcar is a leading marketplace for car sharing focused in India. The Zoomcar community connects Hosts with Guests, who choose from a selection of cars for use at affordable prices, promoting sustainable, smart transportation solutions in India.

Safe Harbor Statement

This press release contains, or may contain, among other things, certain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve significant risks and uncertainties. Such statements include, without limitation, statements related to the closing of this offering, the exercise of the warrants and receipt the proceeds therefrom, the ability for the Company to utilize the financing to fund operations and other statements identified by words such as “projects,” “may,” “will,” “could,” “would,” “should,” “believes,” “expects,” “anticipates,” “estimates,” “intends,” “plans,” “potential” or similar expressions. These statements are based upon the current beliefs and expectations of the Company’s management and are subject to significant risks and uncertainties, including, but not limited, to market conditions and those other risks detailed in the Company’s filings with the Securities and Exchange Commission. Actual results and timing may differ significantly from those set forth or implied in the forward-looking statements. Forward-looking statements involve certain risks and uncertainties that are subject to change based on various factors (many of which are beyond the Company’s control). The Company undertakes no obligation to publicly update any forward-looking statements, whether as a result of new information, future presentations or otherwise, except as required by applicable law.

Contact

Akarshit Gulati: akarshitg@avianwe.com 
Bhagyashree Rewatkar: bhagyashree.rewatkar@zoomcar.com

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SOURCE Zoomcar Holdings, Inc.