Eyenovia provides update on potential merger and Optejet development
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Business Upturn
18-07-2025
- Business Upturn
B.L. Kashyap and Sons bags Rs 157 crore order for Embassy Manyata Business Park project
By Aditya Bhagchandani Published on July 18, 2025, 17:16 IST B.L. Kashyap and Sons Limited announced on Friday, July 18, that it has secured a new work order worth ₹157.26 crore (excluding GST) from Manyata Promoters Private Limited. The contract is for civil and structural works of the Embassy Manyata Business Park office building project. According to the company's regulatory filing to the BSE and NSE, the Letter of Intent (LOI) was received on July 18, 2025, at 11:00 AM. The project is expected to be completed within approximately 16 months. The order is purely domestic, with no involvement of related party transactions or promoter group interests. This new win further strengthens B.L. Kashyap's portfolio in executing large-scale commercial projects in India. The company stated that the work includes significant civil and structural works for the office building within the prominent Embassy Manyata Business Park in Bengaluru. Investors and stakeholders may take note of this development as part of the company's ongoing growth strategy in the domestic construction and infrastructure sector. Ahmedabad Plane Crash Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
Business Upturn
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JK Lakshmi Cement declared highest bidder for 630ha limestone mining and cement plant project in Assam
JK Lakshmi Cement has achieved a major milestone by being declared the 'H1 Bidder' (highest bidder) by Assam Mineral Development Corporation Ltd. (AMDCL) for a significant mining and cement manufacturing project in the state of Assam. The project involves taking on the role of Mine Developer and Operator (MDO) for limestone excavation across a combined area of 630 hectares at the New Umrangso Limestone Mines. The scope also includes setting up a fully integrated greenfield cement manufacturing plant, along with value-added products, right within Assam. The company received a Letter of Intent (LoI) from AMDCL on Saturday, July 5, 2025. Although it came over the weekend, JK Lakshmi Cement reviewed the letter today and officially disclosed the development. This opportunity came after AMDCL, under the Assam government's Department of Mines & Minerals, initiated a tender on May 19, 2025, for this combined mining and manufacturing project. Following an e-auction process, JK Lakshmi Cement emerged as the top bidder. As part of the next steps, the company is required to provide a performance guarantee and deposit an upfront amount that will go toward payments for the limestone to be supplied by AMDCL. These financial commitments are in line with the terms set out in the tender document. Ahmedabad Plane Crash Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
Yahoo
18-06-2025
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Chardan Expands into Digital Assets by Advising Strategic Crypto-Backed Financings
NEW YORK, June 18, 2025 /PRNewswire/ -- Chardan, a leading global investment banking and advisory firm, today announced an expansion into the digital asset sector, advising on and structuring a series of transactions that bridge traditional capital markets with the rapidly evolving world of blockchain and cryptocurrency. As part of its strategic push into crypto finance, Chardan has recently served as a strategic advisor and placement agent in the following notable transactions: Eyenovia's $50 Million PIPE to Acquire HYPE Tokens Chardan acted as sole placement agent in Eyenovia Inc.'s (NASDAQ: EYEN) $50 million PIPE financing. The proceeds are being used to acquire over 1 million HYPE tokens, the native asset of the Hyperliquid blockchain, making Eyenovia the first U.S.-listed company to hold HYPE in its treasury. This transaction positions Eyenovia as a top validator on the Hyperliquid network and includes a strategic staking initiative in partnership with Anchorage Digital. The financing involved the issuance of non-voting convertible preferred stock and warrants, potentially raising up to $150 million in total proceeds. Lion Group's $600 Million Facility to Launch Hyperliquid StrategyChardan acted as sole placement agent in Lion Group Holding's (NASDAQ: LGHL) $600 million facility. The facility supports the strategic accumulation of HYPE as a reserve asset, alongside Solana (SOL) and Sui (SUI). This represents LGHL's relaunch of crypto operations and its pivot toward decentralized finance infrastructure. VivoPower's $121 Million PIPE to Launch XRP Treasury StrategyChardan acted as placement agent for the $121 million private placement for VivoPower International PLC (NASDAQ: VVPR). VivoPower is believed to be the first public company to implement an XRP-focused digital asset treasury strategy. Proceeds will be used to acquire XRP, build out a decentralized finance team, and contribute to the XRPL ecosystem. Classover's $500 Million Convertible Notes for Solana Treasury Strategy Chardan served as financial advisor to Classover Holdings, Inc. (NASDAQ: KIDZ) in its $11 million initial tranche which is the first issuance under the $500 million senior secured convertible note financing. Under the terms of the financing agreement, approximately 80% of the net proceeds from the initial tranche will be allocated toward the purchase of Solana (SOL) tokens, subject to certain terms and limitations. Classover has already acquired over 6,400 SOL tokens and is exploring additional opportunities in staking and locked token acquisitions, reinforcing its commitment to blockchain-integrated financial strategy. Chardan's Vision for the Future of Finance "These transactions underscore our commitment to leading the convergence of traditional finance and digital assets," said Jonas Grossman, President and Managing Partner at Chardan. "We are proud to support visionary companies like Eyenovia, VivoPower, Classover, and Lion Group Holding as they redefine capital allocation and treasury management in the Web3 era." Chardan continues to expand its digital asset advisory capabilities, offering bespoke capital markets solutions, tokenomics structuring, and blockchain integration strategies for forward-thinking clients. About Chardan:Chardan is an independent global investment bank specializing in healthcare, digital assets, technology, SPACs, and emerging growth companies. Our range of services include capital raising, merger and acquisition advisory, strategic advisory, equity research, corporate access, and institutional trading. Headquartered in New York City, Chardan is a registered broker-dealer with the U.S. Securities and Exchange Commission and is a member of the following: FINRA, SIPC, and NASDAQ. Chardan Media Contact: Emily Levine Chief Commercial Officer elevine@ (475) 400-6071 View original content to download multimedia: SOURCE Chardan Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
