Robinhood shares pop after trading app's tokenized stock launch announcement: CNBC Crypto World
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Associated Press
21 minutes ago
- Associated Press
GRANDE GROUP LIMITED ANNOUNCES PRICING OF INITIAL PUBLIC OFFERING
Hong Kong, July 01, 2025 (GLOBE NEWSWIRE) -- GRANDE GROUP LIMITED ('GRAN' or the 'Company'), a Hong Kong-based financial services provider which principally engages in the provision of corporate finance advisory services and IPO sponsor services through its Hong Kong subsidiary, Grande Capital Limited, today announced the pricing of its initial public offering (the 'Offering') of 1,875,000 Class A ordinary shares (the 'Class A Ordinary Shares') at the price of $5.00 per Class A Ordinary Shares (the 'Offering Price'). The Class A Ordinary Shares are expected to commence trading on the Nasdaq Capital Market on July 1, 2025 under the ticker symbol 'GRAN.' The Offering is expected to close on July 2, 2025, subject to the satisfaction of customary closing conditions. The Company expects to receive gross proceeds of approximately US$9.375 million from the Offering, before deducting underwriting discounts and other offering expenses. In addition, the Company has granted the underwriters a 45-day option (the 'Over-Allotment Option') to purchase up to an additional 281,250 Class A Ordinary Shares at the Offering Price, representing 15% of the Class A Ordinary Shares sold in the Offering (the 'Over-allotment'). The Company intends to use the net proceeds from the Offering for strengthening the corporate finance advisory business, developing the asset management business, establishing equity capital market services, and general working capital purposes. The Offering is conducted on a firm commitment basis. Cathay Securities, Inc. is acting as the underwriter (the 'Underwriter') for the Offering. Ortoli Rosenstadt LLP is acting as the U.S. securities counsel to the Company. Ogier is acting as the British Virgin Islands legal counsel to the Company. Loong & Yeung and David Fong & Co. are acting as the Hong Kong legal counsels to the Company. WWC, P.C. is acting as the independent registered public accounting firm of the Company. Hunter Taubman Fischer & Li LLC is acting as the U.S. securities counsel to the Underwriter, in connection with the Offering. The Offering is being conducted pursuant to the Company's Registration Statement on Form F-1 (File No. 333-283705) previously filed with, and subsequently declared effective on June 30, 2025 by the U.S. Securities and Exchange Commission (the 'SEC'). The Offering is being made only by means of a prospectus. Copies of the final prospectus related to the Offering may be obtained, when available, from Cathay Securities, Inc.: 40 Wall St Suite 3600, New York, NY 10005, United States, Attention: Shell Li, or via email at [email protected] or telephone at +1 (855) 939-3888, or via the SEC's website at Before you invest, you should read the prospectus and other documents the Company has filed or will file with the SEC for more information about the Company and the Offering. This press release has been prepared for informational purposes only and shall not constitute an offer to sell or the solicitation of an offer to buy any securities, and no sale of these securities may be made 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 other jurisdiction. About Grande Group Limited Through its Hong Kong subsidiary, Grande Capital Limited, Grande Group Limited is a Hong Kong-based financial services provider which principally engages in the provision of corporate finance advisory services and IPO sponsor services. Grande Capital Limited is licensed with the Securities and Futures Commission of Hong Kong ('HKSFC') to engage in Type 1 (dealing in securities) and Type 6 (advising on corporate finance) regulated activities in Hong Kong. For more information, please visit: Forward-Looking Statement This press release contains forward-looking statements. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When the Company uses words such as 'may, 'will, 'intend,' 'should,' 'believe,' 'expect,' 'anticipate,' 'project,' 'estimate' or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. These forward-looking statements include, without limitation, the Company's statements regarding the expected trading of its Class A Ordinary Shares on the Nasdaq Capital Market, its intended use of proceeds and the closing of the Offering. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company's expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the uncertainties related to market conditions and the completion of the initial public offering on the anticipated terms or at all, and other factors discussed in the 'Risk Factors' section of the registration statement filed with the SEC. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company's filings with the SEC, which are available for review at The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof. For more information, please contact: Grande Group Limited Investor Relations Contact: Christensen Advisory Joanna Quan Email:[email protected] Tel: +86-10-5900-1548
Yahoo
38 minutes ago
- Yahoo
Robinhood Stock Sets Latest All-Time High on New Crypto Offerings
Robinhood Markets shares traded at a record again after announcing a range of new cryptocurrency products. The online trading platform is launching U.S. stock and ETF tokens and perpetual futures in Europe, and U.S. customers can take part in crypto stalking. Co-founder and CEO Vlad Tenev said Robinhood was laying the groundwork for crypto to be the "backbone" of the world's financial Markets (HOOD) shares traded at an all-time high for a second straight session Tuesday following news the online trading platform launched what it called "a suite of new products that mark a major step forward for crypto." The company said it was offering U.S. stock and exchange-traded fund (ETF) tokens, as well as perpetual futures, in the European Union (EU). In addition, Robinhood will provide crypto staking to U.S. customers, beginning with Ethereum and Solana. The firm is also adding a range of other tools "to make trading crypto on Robinhood even more powerful and seamless." Johann Kerbrat, general manager and senior vice president of Robinhood Crypto, explained that the cryptocurrency econsystem was built by engineers for engineers, and hasn't been accessible to most people. Kerbrat said the company was now "onboarding the world to crypto by making it as easy to use as possible—with the goal of bringing powerful tools into one intuitive platform." Co-founder and CEO Vlad Tenev said Robinhood's new offerings "lay the groundwork for crypto to become the backbone of the global financial system."Shares of Robinhood Markets jumped a further 5% Monday morning to about $98 after touching a record $99.06 soon after markets opened. They are up more than 160% in 2025. Read the original article on Investopedia 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
Associated Press
3 hours ago
- Associated Press
1606 Corp.'s Common Stock Is Now Trading on the OTCID Platform
SEATTLE, WASHINGTON / ACCESS Newswire / July 1, 2025 / 1606 Corp. (OTCID:CBDW), an artificial intelligence ('AI') company (the 'Company'), is proud to announce that it's Common Stock is now officially trading under the OTCID designation on the OTC Markets platform. This milestone reflects the Company's commitment to higher transparency, regulatory compliance, and enhanced visibility among investors and market participants. Among other things, the move is a result of the Company's ability to timely file required reports with the Securities and Exchange Commission (the 'SEC') since inception in 2021. The approval to be quoted on the OTCID platform-one of the premier tiers within the OTC Markets-signals that 1606 Corp. has met the platform's strict reporting and disclosure standards. For current and prospective investors, this change represents improved access to timely, reliable information and increased confidence in the Company's operational integrity. 'Trading on OTCID is a meaningful step forward in our growth journey,' said Austen Lambrecht, CEO of 1606 Corp. 'It reflects our dedication to transparency, investor engagement, and is a step in preparation toward a potential listing on a national exchange. This is the foundation upon which we will continue to build long-term value.' The Company believes over the past year, 1606 Corp. has made significant strategic and operational strides, positioning itself for accelerated AI and market growth in the months ahead. The Company believes the move to OTCID supports these efforts by improving market credibility and expanding the Company's reach to a broader base of institutional and retail investors. This transition also aligns with the Company's long-term vision to qualify for a listing on a senior U.S. exchange, such as NASDAQ, further enhancing shareholder value and liquidity potential. The Company continues to successfully explore a range of strategic initiatives designed to support its growth trajectory and expand market presence. The Company has maintained significant trading volume, has a large shareholder base, has been reporting on time with the SEC since inception, and has limited debt. As 1606 Corp. continues to scale, it remains focused on sustainable business development, disciplined execution, and delivering value to its shareholders. The Company believes these factors and its continued development make 1606 Corp. a valuable and sought after public entity in a great position for future growth. About 1606 Corp. 1606 Corp. stands at the forefront of technological innovation, particularly in AI Chatbots. Our mission is to revolutionize customer service, addressing the most significant challenges faced by consumers in the digital marketplace. We are dedicated to transforming the IR industry through cutting-edge AI centric solutions, ensuring a seamless and efficient customer experience. As a visionary enterprise, 1606 Corp. equips businesses with the advanced tools they need to excel in the competitive digital landscape. Our commitment to innovation and quality positions us as a leader in the field, driving the industry forward and setting new benchmarks for success and customer satisfaction. For more information, please visit Industry Information The global AI market, valued at $428 billion in 2022, is anticipated to reach $2.25 trillion by 2030, with a compound annual growth rate (CAGR) ranging from 33.2% to 38.1%. The sector is expected to employ 97 million individuals by 2025, reflecting its expansive and significant impact. This potential growth presents a compelling opportunity for investors and industry professionals interested in the AI sector. Forward-Looking Statements This press release contains forward-looking statements. These statements are made under the 'safe harbor' provisions of the U.S. Private Securities Litigation Reform Act of 1995. Statements that are not historical facts, including statements about the Company's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties, and a number of factors could cause actual results to differ materially from those contained in any forward-looking statement. These factors include, but are not limited to reliance on unaudited statements, the Company's need for additional funding, the impact of competitive products and services and pricing, the demand for the Company's products and services, and other risks that are detailed from time-to-time in the Company's filings with the United States SEC. The foregoing list of factors is not exhaustive. Readers should carefully consider the foregoing factors and the other risks and uncertainties discussed in the Company's most recent reports on Forms 10-K and 10-Q, particularly the 'Risk Factors' sections of those reports, and in other documents the Company has filed, or will file, with the SEC. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and the Company assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise. Company Contact: Austen Lambrecht CEO, 1606 Corp. [email protected] SOURCE: 1606 Corp. press release
