Technology

CE Brands Announces Amended Short Form Prospectus Offering

Published

11 months ago

February 21, 2024

CALGARY, AB, Feb. 21, 2024 /CNW/ – CE Brands Inc. (TSXV: CEBI) (“CE Brands”), a data-driven consumer electronics company, reports that, further to the filing of CE Brands’ preliminary short form prospectus qualifying the public offering (the “Offering”) of common shares in the capital of CE Brands (the “Shares”), which was previously announced on November 20, 2023, CE Brands has filed an amended and restated preliminary short form prospectus (the “Amended Prospectus”) with the securities regulatory authorities in Alberta, British Columbia, Manitoba, New Brunswick, Nova Scotia, Ontario, Prince Edward Island, and Saskatchewan (collectively, the “Amendment”). CE Brands is pleased to announce that, pursuant to the Amendment and as further described in the Amended Prospectus, the Offering will now be for 25,000,000 Shares at an issue price of $0.20 per Share, for gross proceeds of $5,000,000.

As previously announced on November 20, 2023, CE Brands has engaged Integral Wealth Securities Limited (“Integral”) as the sole agent for the Offering, to use commercially reasonable efforts to market the Offering. CE Brands has agreed to pay Integral a cash commission equal to 8% of the gross proceeds of the Offering, including any proceeds from the sale of any Over-Allotment Shares (as such term is defined below), which CE Brands can now announce will be a cash commission of $0.016 per Share and Over-Allotment Share. CE Brands has additionally agreed to grant to Integral an option, exercisable in whole or in part at any time until the date that is 30 days after the closing of the Offering (the “Closing”), to market for sale an additional number of Shares sold pursuant to the Offering on the same terms as the Shares (the “Over-Allotment Shares”). Pursuant to the Amendment, CE Brands can now report that the number of Over-Allotment Shares shall be 2,500,000.

Other than as reported in this press release, the terms of the Offering previously announced on November 20, 2023 remain unchanged.

CE Brands has applied to list the Shares on the TSX Venture Exchange (the “TSXV”). The Offering remains subject to a number of conditions, including, without limitation, receipt of all regulatory approvals, including approval of the TSXV. The Closing is expected to occur on or around March 7, 2024, or on such date as may be mutually agreed upon by CE Brands and Integral.

CE Brands intends to use the proceeds of the Offering to launch its Vitalist smartwatches, smart rings, and related health products; fund the expansion of its line of Moto smartwatches; and further reduce indebtedness. Further details are disclosed in the Amended Prospectus, available at www.sedarplus.ca.

About CE Brands

CE Brands develops products with leading manufacturers under multiple brand names. With global distribution capability, our innovative, highly repeatable product development process aims to create an optimal growth path for CE Brands to be a nimble player in the consumer electronics sector.

Neither the TSX Venture Exchange nor its regulation services provider (as defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.

Forward-Looking Information

This press release contains forward-looking information within the meaning of applicable securities laws. In general, forward-looking information refers to disclosure about future conditions, courses of action, and events. The use of any of the words “anticipates”, “believes”, “expects”, “intends”, “plans”, “will”, “would”, “aims” and similar expressions are intended to identify forward-looking information. In particular, the forward-looking information in this press release relates to the terms of the Offering, the completion of the Offering, the anticipated listing of the Shares on the TSXV and the receipt of applicable regulatory approvals, and the use of proceeds of the Offering. Although CE Brands believes that the expectations and assumptions on which such forward-looking information is based are reasonable, undue reliance should not be placed on the forward-looking information because CE Brands cannot give any assurance that it will prove to be accurate. By its nature, forward-looking information is subject to various risks and uncertainties, which could cause the actual results and expectations to differ materially from the anticipated results or expectations expressed in this press release. A detailed description of risk factors that may cause actual results to differ materially from forward-looking information can be found in the Amended Prospectus and in CE Brands’ annual information form and management’s discussion and analysis on the SEDAR+ website at www.sedarplus.ca. Although CE Brands has attempted to identify in its public disclosure important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. Readers are cautioned that the risk factors in its public disclosure may not be exhaustive. Readers are further cautioned not to place undue reliance on forward-looking information as there can be no assurance that the plans, intentions or expectations upon which they are placed will occur. Forward-looking information contained in this press release is expressly qualified by this cautionary statement. The forward-looking information contained in this press release represents the expectations of CE Brands as of the date of this press release and, accordingly, is subject to change after such date. However, CE Brands expressly disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities law.

SOURCE CE Brands Inc.

Technology

Margex Adds RLUSD Stablecoin as Collateral for Trading Crypto Pairs

Published

14 minutes ago

January 1, 2025

Margex announces the listing of RLUSD stablecoin on its platform for all users

VICTORIA, Seychelles, Jan. 1, 2025 /PRNewswire/ — Margex, a cryptocurrency trading platform boasting ultra-convenient and user-friendly copy trading, is excited to announce the listing of RLUSD stablecoin on its platform for all users.

Margex exchange is thrilled to be the first crypto platform to include RLUSD stablecoin as collateral for trading different cryptocurrency pairs. This enables its users to have access to reliable, flexible, and secure trading facilities.

Ripple USD (RLUSD) is a stablecoin designed to provide cross-border payment that is efficient and cost-efficient compared to traditional financial systems when carrying out large transactions. Ripple’s new stablecoin (RLUSD) is developed on the XRP ledger and Ethereum network, offering security, deep liquidity for users, and fast transactions as a competitive player in the stablecoin industry.

The Ripple stablecoin (RLUSD) is pegged 1:1 to the U.S. dollar (USD) to gain stability through a collateralization mechanism using dollar deposits, government bonds, and other cash equivalents to ensure reliable and secure digital currency.

Margex Integrates TradingView to Simplify Market Analysis for Users

Margex exchange also integrates the TradingView charting tool on its platform to elevate users’ trading experience. This tool enables users to access over 100+ technical indicators, 110+ drawing tools, and 17+ chart types without leaving the Margex platform.

About Margex

Margex is a boutique cryptocurrency exchange established in 2019, providing users access to a safe, powerful, and convenient copy trading platform. Margex copy trading makes trading simple yet effective for traders of any experience level. Users of all types can earn a return on their equity by replicating the trades of professional traders with no experience required, while skilled traders can earn income by allowing other users to copy successful strategies.

With a minimum deposit of $10, traders can access all of Margex’s copy trading functionality, as it remains the most user-friendly platform in the crypto industry.

Follow Margex on Facebook, Twitter, Telegram, Discord, and YouTube, or join the Margex team.

This press release was issued through 24-7PressRelease.com. For further information, visit http://www.24-7pressrelease.com.

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SOURCE Margex

Technology

Rockford Fosgate celebrates its 45th Anniversary and continues to set the standard of excellence in the audio industry

Published

14 minutes ago

January 1, 2025

TEMPE, Ariz., Jan. 1, 2025 /PRNewswire/ — Rockford Fosgate (www.rockfordfosgate.com), a global leader in high-performance audio systems, proudly celebrates its 45th anniversary, marking nearly five decades of groundbreaking innovation, customer dedication, and industry leadership. Since its founding in 1980, the company has been at the forefront of audio advancements across mobile, marine, motorcycle, and motorsports platforms.

“We’re excited to celebrate 45 years of serving our customers and shaping the audio industry,” said Zach Luke, President. “This milestone reflects the passion and hard work of our employees, the loyalty of our customers, and the strong partnerships we’ve built over the years. We look forward to continuing this journey into the future.”

Jim Fosgate, the visionary behind Rockford Fosgate, is widely recognized as the pioneer of the car audio amplifier. In the early 1970s, Fosgate and his fellow audio enthusiasts began experimenting with sound reproduction and automotive acoustics, leading to the debut of the first Fosgate Electronics® product at the 1973 Consumer Electronics Show in Chicago. Soon after, he developed the Punch Equalization circuit and introduced the first car stereo systems to the market. In 1980, with the help of investment partners, Rockford Fosgate officially launched and began revolutionizing the in-car audio experience.

To commemorate this significant milestone, Rockford Fosgate will unveil a series of special collaborations throughout the year. “This anniversary isn’t just about reflecting on our accomplishments; it’s about celebrating the people who’ve been part of our journey,” said Tammy Lowe, Director of Marketing. “We’re thrilled to share our excitement for what lies ahead.”

For more information, please visit rockfordfosgate.com

About Rockford Fosgate
Setting the standard for excellence in the audio industry, Rockford Corporation markets high-performance audio systems under the brand Rockford Fosgate® for the mobile, marine, motorsport, and motorcycle audio aftermarket and OEM market. Headquartered in Tempe, Ariz., Rockford Corporation is a wholly owned subsidiary of Patrick Industries, Inc. (NASDAQ: PATK).

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SOURCE Rockford Fosgate

Technology

Oceanfoam Becomes Carbon Positive in 2025: A Huge Milestone for the Sustainable Foam Roller and Workout Mat Brand

Published

14 minutes ago

January 1, 2025

The pioneering brand making foam products with algae and recycled foam has cleaned over 1m+ gallons of water, removed 1.3k+ tons of carbon dioxide from the atmosphere and removed 7.9k+ pounds of plastic from the ocean.

NAPLES, Fla., Jan. 1, 2025 /PRNewswire/ — Oceanfoam, an active lifestyle brand committed to sustainability, announces it has achieved a carbon positive status going into 2025. A newcomer in the fitness and wellness industry, the sustainable company is poised to continue simultaneously revolutionizing the fitness industry and helping the planet, making a significant environmental impact and raising awareness. The company designs fitness products made with Bloom algae and recycled material. In addition to foam rollers, Oceanfoam has released workout and yoga mats, wave ball rollers and workout blocks.

By prioritizing sustainability in the development of each item, Oceanfoam has made a significant environmental impact. The brand has cleaned over 1,026,896 gallons of water, removed 1,319.91 tons of carbon dioxide from the atmosphere and removed 7,947 pounds of plastic from the ocean. The algae used is harvested from North America’s overabundant supply (due to the rise of global temperatures), thus helping to clean the water and reduce the amount of carbon released into the air.

“We’ve been working on this for a year since we launched and Oceanfoam is now officially carbon positive!,” said Founder Zachary Quinn. “We believe products can be more than objects. Foam rollers live in our living rooms, bedrooms, offices, gyms and workout studios; they need to look good and make you feel good. We set out to design a foam roller that you didn’t have to put in your closet, and now we’ve made it one that you can be proud of.”

Oceanfoam achieved its carbon positive status through the following:

Algae-Based Materials: Producing products with Bloom Materials reduces plastic consumption while capturing carbon and cleaning water through removing algae from the environment.Carbon Offsetting: Partnering with Climate Partner, the team offset the remaining carbon emissions from all of its production and shipping to ensure its operations go beyond carbon neutrality.Ocean Plastic Cleanup: Through collaborations with 4Ocean and Ecodrive, the brand actively contributes to cleaning up plastic waste from the world’s oceans, helping to protect marine ecosystems. With every order, one pound of ocean plastic is removed.

This certification and offset will also add a “Climate Pledge Friendly” badge to all of Oceanfoam’s products on Amazon, alerting consumers of products that have sustainability features recognized by trusted certifications. For more information, visit oceanfoam.com.

About Oceanfoam:
Oceanfoam creates high-quality, durable and beautiful active lifestyle products with algae and recycled materials to create a healthier, cleaner environment – where beauty and function meet sustainability.

View original content to download multimedia:https://www.prnewswire.com/news-releases/oceanfoam-becomes-carbon-positive-in-2025-a-huge-milestone-for-the-sustainable-foam-roller-and-workout-mat-brand-302340418.html

SOURCE Oceanfoam