Fintech
Fission 3.0 Corp. Responds to OTC Markets Request on Recent Promotional Activity
Kelowna, British Columbia–(Newsfile Corp. – January 26, 2023) – Fission 3.0 Corp. (TSXV: FUU) (the “Company”) announced today that it has been requested by OTC Markets Group Inc. (“OTC Markets“) to issue a statement about recent promotional activity concerning its common shares traded on the OTCQB market.
On Wednesday, January 18, 2023, OTC Markets informed the Company that it became aware of certain promotional activities concerning the Company and its common shares traded on the OTCQB market, including the distribution of three promotional newsletter emails published by Crush the Street and Wealth Research Group, affiliates of Gold Standard Media, LLC (“Gold Standard“).
The Company entered into an advertising agreement with Gold Standard on January 10, 2023, whereby Gold Standard, along with its affiliates, would provide certain advertising services to the Company (the “Advertising Agreement“). The Advertising Agreement has a one-month term, which commenced on January 17, 2023, and an upfront payment of US$500,000 payable to Gold Standard on January 13, 2023. Gold Standard is arm’s length to the Company.
The Company became aware of the distribution of each newsletter as of January 16, 2023.
None of the Company or its officers are involved, directly, with the creation of the materials distributed by Gold Standard. The Company provided Gold Standard with publicly available source information for their disclosure and the only editorial control the Company exercised over the materials involved reviewing the materials for accuracy prior to their dissemination. Each of the newsletters presented factual statements regarding the uranium market, the Company’s investors, the Company’s current market cap, and indicated the Company’s attractiveness to investors.
The Company understands the promotional activity may have coincided with increased trading activity in its common shares. The Company does not believe the promotional activities were a factor in any increase in trading volume of its common shares. The Company has experienced strong market activity beginning in November of 2022 whereby the market price of its common shares have gone from a price of $0.07 to $0.42 (an increase of 600%), the Company has not seen a direct correlation to the new marketing distribution by Gold Standard and market activity.
The Corporation has made and disclosed a uranium discovery that has produced a large amount of investor interest. In conjunction to this, over the last 5 months the Company had a total of 20,092,172 warrant and option exercises which it believes is contributing to the majority of the market activity as securityholders seek to fund their exercise purchases.
Market interest in uranium is currently high and is impacting many corporations which have exploration or mining projects within the uranium market. Market price for uranium in the past five years has increased many times over and is fueling investor interest, and the Company believes that its current projects and the disclosure of project activities is driving the market activity of its common shares.
The Company has determined that certain statements included in the newsletters are promotional but confirms that the materials contain no factual inaccuracies or any material non-public information, and, except as noted, confirms it had no editorial control of the content. Statements made on the promotional materials and the potential performance of the Company’s common shares are forward-looking and speculative in nature.
Outside of the paid promotional campaign by Gold Standard, disclosure of previously publicly disclosed information about the Company to Gold Standard and a review of certain prior drafts of the newsletters produced by Gold Standard, to the Company’s knowledge, after inquiry of its management and the directors, neither the Company, nor any of its officers, directors, controlling shareholders or any third party service providers have been involved with the creation, distribution, or payment of promotional materials related to the Company and its securities.
All insiders are required by securities regulations to post and make public any acquisitions or dispositions of securities. The Company relies on its insiders to post and track their positions. Certain officers, directors and insiders were granted RSU’s Dec 12, 2022, which have been filed on the System for Electronic Disclosure by Insiders. Devinder Randhawa, Chairman, Chief Executive Officer and Director of the Company, has purchased the Company’s securities within the past 90 days. To the Company’s knowledge, after inquiry of its management and the directors, neither the Company, nor any of its controlling shareholders or third-party service providers have sold or purchased the Company’s securities within the past 90 days. The Company, in December of 2022, had a public offering of flow through shares which were made available to insiders to participate in and any such participation was disclosed.
The Company also entered into an engagement agreement with Sprott Capital Partners (“SCP“) on January 10, 2023 to act as financial advisors to the Company on strategic matters, including the procurement of potential strategic investors (the “Engagement Agreement“). Pursuant to the Engagement Agreement, the Company has agreed to pay SCP a $10,000 monthly work fee, which will be offset against any fees SCP would receive if it acts as a financial advisor related to any acquisition, divestiture, spin-out, sale or any other corporate transaction related to the Company. The Engagement Agreement has a 24-month term which commenced on January 10, 2023, unless terminated earlier in accordance with the terms of the Engagement Agreement.
Other than the engagement of Gold Standard and SCP, the Company has not engaged any third-party providers to provide investor relations services, public relations services, marketing, or other related services including the promotion of the Company or its securities in the last twelve months.
The Company has not issued shares or convertible instruments allowing conversion to equity securities at prices constituting a discount to the current market rate at the time of the issuance in accordance with the policies of the TSX Venture Exchange.
About Fission 3.0 Corp.
Fission 3.0 Corp. is a Canadian based resource company specializing in the strategic acquisition, exploration and development of uranium properties and is headquartered in Kelowna, British Columbia. Common shares are listed on the TSXV under the symbol “FUU”.
ON BEHALF OF THE BOARD
“Dev Randhawa”
Dev Randhawa, CEO
For more information, please contact [email protected]
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this news release.
Plug and Play, a global accelerator platform and one of the most active early-stage investors globally, has announced a strategic partnership with Gujarat International Finance Tec-City (GIFT City). Through the partnership, Plug and Play will establish and run the International Fintech Innovation Hub (IFIH), GIFT City’s FinTech Incubator and Accelerator, which aims to foster research and innovation in financial technology, reinforcing GIFT City’s role as a premier global fintech hub.
GIFT City’s MD and Group CEO, Mr. Tapan Ray, said, “Our vision at GIFT City is to drive fintech innovation by creating a climate-resilient, inclusive ecosystem that empowers diverse entrepreneurs and builds workforce competitiveness in emerging technologies. With the support of prominent partners in fintech education and incubation, we are committed to nurturing a new generation of talent that will be well-equipped to meet the needs of an evolving global economy.”
Manav Narang, Head of Financial Services for Plug and Play APAC and Program Lead for the GIFT Incubator and Accelerator added, “We are thrilled to bring Plug and Play’s global expertise to GIFT City. Our vision is to create India’s largest industry-wide fintech program – a collaborative platform where banks, payments corporations, venture capital and corporate venture capital firms, accelerators, and ecosystem partners unite. Together, we aim to catalyze transformative fintech solutions and nurture fintech unicorns that will shape the future of finance in India.”
The program will support fintech startups with resources, mentorship, capital, and networking to navigate and excel globally in the dynamic fintech landscape. The first batch of startups will be unveiled in January 2025.
The post Plug and Play and GIFT City Launch “IFIH,” a Global Fintech Incubator and Accelerator appeared first on .
Doo Group’s brokerage brand, Doo Financial is thrilled to announce its expansion into Indonesia by acquiring a reputable Indonesian broker to expand the business. This move brings its global investment services to local investors. Backed by the strength of Doo Group’s extensive international presence, cutting-edge technology, and 10 years of expertise, Doo Financial is well positioned to support investors at every level.
As a brand encompassing investment services offered by various legal entities within the Doo Group, Doo Financial provides a comprehensive range of global brokerage services. This wide range of products empowers investors to pursue their financial goals.
With a diversified portfolio, Doo Financial empowers investors to navigate various market conditions effectively, manage risks, and focus on long-term growth. This entry into the Indonesian market reflects Doo Financial’s commitment to supporting investors with flexible, high-quality investment options tailored to today’s dynamic financial landscape.
Supervision by International Regulatory Institutions to Ensure Top-Tier Safety
As a global leading finance group, Doo Group has licensed entities regulated by top regulatory authorities worldwide, ensuring a secure and reliable trading environment.
Our global credentials include licenses from the U.S. Securities and Exchange Commission (US SEC), the Financial Industry Regulatory Authority (US FINRA) in the U.S., the Financial Conduct Authority (UK FCA) in the UK, the Australian Securities and Investments Commission (ASIC), the Hong Kong Securities and Futures Commission (HK SFC), Badan Pengawas Perdagangan Berjangka Komoditi (BAPPEBTI) in Indonesia. These licenses enable us to provide secure and reliable financial services globally.
Dedication to Shape the Industry with Innovative Solutions
Doo Financial’s expansion into Indonesia brings advanced technology and a global perspective to empower local investors. As an international investment firm committed to secure and seamless trading, Doo Financial offers a diverse range of products and services to help diversify portfolios and open up new opportunities.
This growth elevates opportunities for Indonesian investors by offering seamless access to global markets and advanced trading platforms within a secure and regulated environment. It broadens investment choices and enhances the trading experience, aligning it with international standards and empowering local investors with comprehensive tools and resources for success.
Driven by unwavering commitment, this growth marks a significant milestone in Indonesia’s investment landscape, equipping our clients with the tools to navigate global markets. We remain dedicated to delivering exceptional service, exploring new opportunities, and driving future breakthroughs. With continued support from the FinTech community, we are excited to innovate and shape the future of finance.
Stay updated with the latest insights from Doo Financial. Join our community of empowered investors and let us be your trusted partner!
E-mail: [email protected]
The post Doo Financial Now in Indonesia: Offering Local Investors A Gateway to Global Markets appeared first on .
Fintech is on an accelerated trajectory of investment, collaboration, and innovation. This pulse tracks the most significant developments in the sector, from high-profile investments to global platform expansions. Each update in this briefing serves as a key indicator of where the industry is headed.
1. European Fintechs Face Regulatory Pressures Amid New Investment Surge
The European fintech sector finds itself at a crossroads with increasing scrutiny and rising costs due to stringent regulations. While investments continue to flow into the continent’s financial technology companies, challenges in meeting new compliance requirements, especially around data privacy and cybersecurity, create a complex landscape for scaling. This tension between opportunity and operational limitations might affect European fintechs’ growth strategies.
Source: Financial Times
2. Shopify, Slack Founders Join Peter Thiel in Fintech Investment Push
Tobi Lütke of Shopify and Stewart Butterfield of Slack, along with investor Peter Thiel, have co-invested in a new fintech initiative that aims to bolster small business access to capital. By merging technology with a streamlined funding model, this new initiative targets underserved SMBs, highlighting a broader trend of high-profile tech leaders pivoting to fintech investment. The participation of Lütke and Butterfield signals increased cross-sector collaboration in fintech, bringing expertise from e-commerce and communication technology into the financial arena.
Source: Yahoo Finance
3. Lean Technologies Raises $67.5 Million to Drive Fintech Innovation in the Middle East
Riyadh-based fintech platform Lean Technologies recently secured a $67.5 million Series B investment round, aiming to expand its operations across the Middle East. This funding reflects growing investor interest in emerging markets and the potential of Middle Eastern fintech to bridge regional gaps in financial services access. As Lean Technologies broadens its service offerings, the funding will support further technological integration and scalability across financial ecosystems in the region.
Source: Fintech Global
4. Apollo Global Management Invests in Fintech for Private Offerings Support
Apollo Global Management has taken steps to enhance its services for private offerings by investing in specialized fintech solutions. This development signifies a growing trend among private equity firms to adopt fintech as a core component in their service expansion, particularly for personalized client services. Apollo’s strategy of integrating fintech solutions into private offerings marks a strategic shift toward digitalization within traditional financial sectors.
Source: Bloomberg
5. Juniper Research Names 2025’s Future Leaders in Fintech
Juniper Research has revealed its picks for the top future leaders in fintech for 2025. This list emphasizes innovation in fields such as AI, open banking, and decentralized finance, highlighting startups that exhibit potential for reshaping industry standards. As these up-and-coming firms push the boundaries of traditional finance, they exemplify the rising tide of next-generation financial technology poised to become industry mainstays.
Source: Globe Newswire
Conclusion
The convergence of seasoned tech giants with fintech, new funding rounds for region-specific platforms, and the rise of future industry leaders underscore the momentum of the fintech sector. Each of these stories reflects a broader narrative: fintech is not only diversifying in services but also rapidly integrating into traditional finance and tech, paving the way for a transformative era.
The post Fintech Pulse: Evolving Fintech Investments and Partnerships Signal Industry Transformation appeared first on HIPTHER Alerts.
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