Latest news with #MaximGroup
Yahoo
21 hours ago
- Business
- Yahoo
Maxim Group Reiterated a Buy Rating on Rumble Inc (RUM)
Rumble Inc. (NASDAQ:RUM) is one of the . On June 16, Tom Forte from Maxim Group reiterated a Buy rating on Rumble Inc. (NASDAQ:RUM) with a price target of $20. The analyst highlighted the recent hiring of Ben Torres Ezrick as Rumble's first Chief Marketing Officer as a key strategic move. Ezrick's experience with major tech platforms like Zoom and Google Maps is expected to boost the company's brand, expand its audience, and enhance monetization. A large flat-screen TV streaming video from a video hosting platform. Forte also pointed to the upcoming launch of the Rumble Wallet, in partnership with Tether, which is expected to diversify Rumble Inc. (NASDAQ:RUM)'s offerings and strengthen its position in the crypto market. The company's solid financial health, including a large cash reserve and no debt, supports these growth initiatives. Rumble Inc. (NASDAQ:RUM) is a video sharing platform that allows users to watch, upload, and livestream videos through its flagship site, While we acknowledge the potential of RUM as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Miami Herald
6 days ago
- Business
- Miami Herald
Interactive Strength Inc. (Nasdaq: TRNR) Receives 'Buy' Rating and $15 Price Target in Maxim Group Research Initiation
First comprehensive sell-side report on TRNR cites more than 800% growth in expected 2025 revenue Valuation driven by stock-for-stock M&A model and potential crypto-treasury upside AUSTIN, TEXAS / ACCESS Newswire / July 9, 2025 / Interactive Strength Inc. (Nasdaq:TRNR) ("TRNR" or the "Company"), maker of innovative specialty fitness equipment under the Wattbike, CLMBR and FORME brands and pending acquirer of Sportstech, today announced that Maxim Group LLC, a leading New-York-based investment bank, has initiated equity research coverage on TRNR with a "Buy" recommendation and a price target of $15.00 per share, based on its independent assessment of the Company's potential operating performance and valuation relative to peers. The inaugural report was authored by Thomas Forte, CFA, Managing Director & Senior TMT Analyst, following several months of due diligence on TRNR's specialty-fitness roll-up strategy and AI-focused Digital Asset Treasury Strategy. Forte wrote in the 12-page initiation note that: "Interactive Strength's acquisition of Wattbike and the pending purchase of Sportstech take the company to a much larger scale for sales and adjusted-EBITDA earnings potential. We expect revenue to ramp from $5.4 M in 2024…to $105 M in 2026, and we are initiating coverage with a Buy rating and a $15 price target." Trent Ward, TRNR Co-Founder & CEO, commented that "Maxim Group's coverage marks our entry into the formal sell-side research ecosystem and validates the increased investor interest we're seeing in TRNR. Analyst coverage is often the first step toward greater liquidity and more appropriate valuation for emerging public companies, and we're pleased to have a seasoned TMT analyst recognize the strength of our model." Highlights from Maxim's initiation Buy rating; $15 target - implies ~130 % upside from the July 8th, 2025 closing drivers: Wattbike & Sportstech contributions, margin expansion as scale builds within a large and growing addressable market, and upside optionality from the AI-focused $FET Digital Asset Treasury Sportstech closing, international expansion, new partnerships and corporate wellness offerings. Access to the report Maxim Group research is available only to the firm's clients. Interested investors should contact their Maxim Group sales representative directly or reach out to ir@ in order to be introduced in order to access the report. TRNR Investor Contactir@ About Maxim Group Maxim Group LLC is a full-service investment bank and wealth-management firm headquartered in New York City, providing a range of financial services to emerging-growth companies and institutional investors. The firm is a member of FINRA, SIPC and Nasdaq. About Interactive Strength Inc.: Interactive Strength Inc. produces innovative specialty fitness equipment and digital fitness services under two main brands: 1) CLMBR and 2) FORME. Interactive Strength Inc. is listed on NASDAQ (symbol:TRNR). CLMBR is a vertical climbing machine that offers an efficient and effective full-body strength and cardio workout. CLMBR's design is compact and easy to move - making it perfect for commercial or in-home use. With its low impact and ergonomic movement, CLMBR is safe for most ages and levels of ability and can be found at gyms and fitness studios, hotels, and physical therapy facilities, as well as available for consumers at home. FORME is a digital fitness platform that combines premium smart gyms with live virtual personal training and coaching to deliver an immersive experience and better outcomes for both consumers and trainers. FORME delivers an immersive and dynamic fitness experience through two connected hardware products: 1) The FORME Studio Lift (fitness mirror and cable-based digital resistance) and 2) The FORME Studio (fitness mirror). In addition to the company's connected fitness hardware products, FORME offers expert personal training and health coaching in different formats and price points through Video On-Demand, Custom Training, and Live 1:1 virtual personal training. Forward Looking Statements:This press release includes certain statements that are "forward-looking statements" for purposes of the safe harbor provisions under the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements do not relate strictly to historical or current facts and reflect management's assumptions, views, plans, objectives and projections about the future. Forward-looking statements generally are accompanied by words such as "believe", "project", "expect", "anticipate", "estimate", "intend", "strategy", "future", "opportunity", "plan", "may", "should", "will", "would", "will be", "will continue", "will likely result" or similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include, but are not limited to, statements regarding the comments made by the Maxim analyst, including, achieving a $15 share price, more than 800% growth in 2025 revenue, having potential crypto-treasury upside, completing the pending acquisition of Sportstech, achieving much larger scale for sales and adjusted-EBITDA earnings, achieving revenue of $105 million in 2026, as well as having increased investor interest, greater liquidity and more appropriate valuation in the future or the relative strength of the Company's business model, margin expansion and growing addressable market. The reader is cautioned not to rely on these forward-looking statements. These statements are based on current expectations of future events. If underlying assumptions prove inaccurate or known or unknown risks or uncertainties materialize, actual results could vary materially from the expectations and projections of the Company. Risks and uncertainties include but are not limited to: demand for our products; competition, including technological advances made by and new products released by our competitors; our ability to accurately forecast consumer demand for our products and adequately maintain our inventory; and our reliance on a limited number of suppliers and distributors for our products. A further list and descriptions of these risks, uncertainties and other factors can be found in filings with the Securities and Exchange Commission. To the extent permitted under applicable law, the Company assumes no obligation to update any forward-looking statements. # # # SOURCE: Interactive Strength Inc.
USA Today
6 days ago
- Business
- USA Today
Interactive Strength Inc. (Nasdaq: TRNR) Receives "Buy" Rating and $15 Price Target in Maxim Group Research Initiation
First comprehensive sell-side report on TRNR cites more than 800% growth in expected 2025 revenue Valuation driven by stock-for-stock M&A model and potential crypto-treasury upside Interactive Strength Inc. (Nasdaq:TRNR) ('TRNR' or the 'Company'), maker of innovative specialty fitness equipment under the Wattbike, CLMBR and FORME brands and pending acquirer of Sportstech, today announced that Maxim Group LLC, a leading New-York-based investment bank, has initiated equity research coverage on TRNR with a 'Buy' recommendation and a price target of $15.00 per share, based on its independent assessment of the Company's potential operating performance and valuation relative to peers. The inaugural report was authored by Thomas Forte, CFA, Managing Director & Senior TMT Analyst, following several months of due diligence on TRNR's specialty-fitness roll-up strategy and AI-focused Digital Asset Treasury Strategy. Forte wrote in the 12-page initiation note that: 'Interactive Strength's acquisition of Wattbike and the pending purchase of Sportstech take the company to a much larger scale for sales and adjusted-EBITDA earnings potential. We expect revenue to ramp from $5.4 M in 2024…to $105 M in 2026, and we are initiating coverage with a Buy rating and a $15 price target.' Trent Ward, TRNR Co-Founder & CEO, commented that 'Maxim Group's coverage marks our entry into the formal sell-side research ecosystem and validates the increased investor interest we're seeing in TRNR. Analyst coverage is often the first step toward greater liquidity and more appropriate valuation for emerging public companies, and we're pleased to have a seasoned TMT analyst recognize the strength of our model.' Highlights from Maxim's initiation Buy rating; $15 target – implies ~130 % upside from the July 8th, 2025 closing price. Key drivers: Wattbike & Sportstech contributions, margin expansion as scale builds within a large and growing addressable market, and upside optionality from the AI-focused $FET Digital Asset Treasury Strategy. Catalysts: Sportstech closing, international expansion, new partnerships and corporate wellness offerings. Access to the report Maxim Group research is available only to the firm's clients. Interested investors should contact their Maxim Group sales representative directly or reach out to ir@ in order to be introduced in order to access the report. TRNR Investor Contact ir@ About Maxim Group Maxim Group LLC is a full-service investment bank and wealth-management firm headquartered in New York City, providing a range of financial services to emerging-growth companies and institutional investors. The firm is a member of FINRA, SIPC and Nasdaq. About Interactive Strength Inc.: Interactive Strength Inc. produces innovative specialty fitness equipment and digital fitness services under two main brands: 1) CLMBR and 2) FORME. Interactive Strength Inc. is listed on NASDAQ (symbol:TRNR). CLMBR is a vertical climbing machine that offers an efficient and effective full-body strength and cardio workout. CLMBR's design is compact and easy to move – making it perfect for commercial or in-home use. With its low impact and ergonomic movement, CLMBR is safe for most ages and levels of ability and can be found at gyms and fitness studios, hotels, and physical therapy facilities, as well as available for consumers at home. FORME is a digital fitness platform that combines premium smart gyms with live virtual personal training and coaching to deliver an immersive experience and better outcomes for both consumers and trainers. FORME delivers an immersive and dynamic fitness experience through two connected hardware products: 1) The FORME Studio Lift (fitness mirror and cable-based digital resistance) and 2) The FORME Studio (fitness mirror). In addition to the company's connected fitness hardware products, FORME offers expert personal training and health coaching in different formats and price points through Video On-Demand, Custom Training, and Live 1:1 virtual personal training. Forward Looking Statements: This press release includes certain statements that are 'forward-looking statements' for purposes of the safe harbor provisions under the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements do not relate strictly to historical or current facts and reflect management's assumptions, views, plans, objectives and projections about the future. Forward-looking statements generally are accompanied by words such as 'believe', 'project', 'expect', 'anticipate', 'estimate', 'intend', 'strategy', 'future', 'opportunity', 'plan', 'may', 'should', 'will', 'would', 'will be', 'will continue', 'will likely result' or similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include, but are not limited to, statements regarding the comments made by the Maxim analyst, including, achieving a $15 share price, more than 800% growth in 2025 revenue, having potential crypto-treasury upside, completing the pending acquisition of Sportstech, achieving much larger scale for sales and adjusted-EBITDA earnings, achieving revenue of $105 million in 2026, as well as having increased investor interest, greater liquidity and more appropriate valuation in the future or the relative strength of the Company's business model, margin expansion and growing addressable market. The reader is cautioned not to rely on these forward-looking statements. These statements are based on current expectations of future events. If underlying assumptions prove inaccurate or known or unknown risks or uncertainties materialize, actual results could vary materially from the expectations and projections of the Company. Risks and uncertainties include but are not limited to: demand for our products; competition, including technological advances made by and new products released by our competitors; our ability to accurately forecast consumer demand for our products and adequately maintain our inventory; and our reliance on a limited number of suppliers and distributors for our products. A further list and descriptions of these risks, uncertainties and other factors can be found in filings with the Securities and Exchange Commission. To the extent permitted under applicable law, the Company assumes no obligation to update any forward-looking statements. # # # SOURCE: Interactive Strength Inc. View the original press release on ACCESS Newswire
Globe and Mail
09-07-2025
- Business
- Globe and Mail
LQWD Announces Upsized Financing with Amended Terms of Up to C$12.3 Million
THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES VANCOUVER, British Columbia , July 08, 2025 (GLOBE NEWSWIRE) -- Canada's Bitcoin Lightning Strategy, LQWD Technologies Corp. (TSXV: LQWD) (OTCQX: LQWDF) (' LQWD ' or the ' Company ') announces that in response to increased demand from strategic investors and existing shareholders, it has increased the size of its previously announced brokered (the ' Brokered Offering ') and non-brokered (the ' Non-Brokered Offering ' and together, the ' Offering ') private placement to up to C$12.3 million (or US $9 million), with the Offering to be priced at C$4.10 (or US$3.00) per common share (the ' Common Shares '). Maxim Group LLC is acting as sole agent and book runner in connection with the Brokered Offering. Subject to compliance with applicable regulatory requirements and in accordance with National Instrument 45-106 – Prospectus Exemptions (' NI 45-106 '), the Offering is being made pursuant to Part 5A of NI 45-106, as amended by Coordinated Blanket Order 45-935 – Exemptions from Certain Conditions of the Listed Issuer Financing Exemption (the ' Listed Issuer Financing Exemption '), to purchasers resident in Canada (other than the province of Québec) in connection with the Non-Brokered Offering. The Company has filed an amended and restated offering document relating to the Offering (the ' Offering Document ') that can be accessed under the Company's profile on SEDAR+ at and on the Company's website at Prospective investors should read the Offering Document before making an investment decision. The Company intends to use the net proceeds from the Offering for the acquisition of Bitcoin for use as an operating asset in the Company's scalable Lightning Network services business, and general corporate purposes. The Brokered Offering is expected to close on or about July 10, 2025, or such other date or dates as the Company and Maxim may agree and the Non-Brokered Offering is expected to close on or about July 11, 2025. Completion of the Offering is subject to certain conditions including, but not limited to, the receipt of all necessary approvals, including the conditional approval of the TSX Venture Exchange (' TSXV '). The Company expects certain directors and officers of the Company, being related parties as defined in Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (' MI 61-101 '), to participate in the Offering. Any such resulting related party transaction will be exempt from the formal valuation requirement and shareholder approval requirement of MI 61-101 as the fair market value of any Common Shares issued to such persons will not exceed 25% of the Company's market capitalization. In connection with the Offering, the Common Shares will be offered to persons in the United States pursuant to exemptions from the registration requirements under the United States Securities Act of 1933, as amended (the ' U.S. Securities Act ') and all applicable U.S. state securities laws, as well as outside Canada and the United States on a basis which does not require the qualification or registration of any of the Company's securities or require the Company to be subject to any ongoing disclosure requirements under any domestic securities laws. The Common Shares to be offered pursuant to the Offering have not been, and will not be, registered under the U.S. Securities Act or any U.S. state securities laws, and may not be offered or sold in the United States or to, or for the account or benefit of, United States persons absent registration or any applicable exemption from the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. About LQWD LQWD Technologies Corp. is advancing Bitcoin adoption through the Lightning Network, a second-layer solution that enables instant, low-cost transactions at scale. As one of the first public companies dedicated to Lightning infrastructure, LQWD operates a network of enterprise-grade nodes designed to earn transaction fees and support network liquidity. With a strategic Bitcoin treasury and infrastructure positioned for scalability, LQWD offers investors unique exposure to both the long-term appreciation of Bitcoin and the growing use of Lightning as a global payments solution. For further information: Ashley Garnot, President/Director Phone: 1.604.669.0912 Email: ashley@ Website: X: @LQWDTech Forward-Looking Statements This news release contains certain 'forward-looking statements'. All statements, other than statements of historical fact that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future are forward-looking statements. These forward-looking statements reflect the current expectations and beliefs of the Company based on information currently available to the Company. Such forward-looking statements include statements relating to the Offering, including the completion and anticipated timing for completion of the Offering, the potential size of the Offering, the Company's intended use of the net proceeds of the Offering, the receipt of all necessary regulatory approvals, including the approvals of the TSXV, and the Company's development and growth plans. Any such forward-looking information may be identified by words such as 'anticipate', 'proposed', 'estimates', 'would', 'expects', 'intends', 'plans', 'may', 'will', and similar expressions. Forward-looking statements are subject to significant risks and uncertainties and other factors that could cause the actual results to differ materially from those discussed in the forward-looking statements, and even if such actual results are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on the Company. Any forward-looking statement speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise. Although the Company believes that the assumptions inherent in the forward-looking statements are reasonable, forward-looking statements are not guarantees of future performance and accordingly undue reliance should not be put on such statements due to the inherent uncertainty therein. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Yahoo
08-07-2025
- Business
- Yahoo
NeoVolta Sees Surge in Demand Amid Analyst Optimism
NeoVolta Inc. (NASDAQ:NEOV) is one of the . The company reports a record high distributor purchase order in the current quarter, following a Buy rating from Maxim Group. An illustration of digital intelligence and energy storage for a modern industrial facility with servers and storage racks in the background. NeoVolta Inc. (NASDAQ:NEOV), based in California, is engaged in the business of designing, manufacturing, and selling advanced energy storage systems, such as the NV14 and NV24, through certified solar installers and distributors. The company offers battery-inverter solutions for clean energy integration and grid resilience. Founded in 2018, the company serves both residential and commercial markets. In a report released on May 15, 2025, Maxim Group reiterated the Buy rating for the stock, while maintaining the price target of $7.50. Later in June 2025, the company announced record-level distributor purchase orders of more than $3 million in the current quarter. Ardes Johnson, CEO of NeoVolta Inc. (NASDAQ:NEOV), has made the following statement. 'These distributor orders represent a major milestone in our expansion strategy. They show that demand for NeoVolta systems is scaling across the country through established installer networks—not just direct sales.' With the stock available at $3.30 per share, as of June 30, 2025, interested investors can purchase the stock after noting the beta of -0.27, which signals an inverse relationship between the stock price and market movements. While we acknowledge the potential of NEOV as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 10 Low Risk Dividend Paying Stocks for June 2025 and Disclosure. None. 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
