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.
As we close out 2024, the fintech industry continues to deliver headlines that underscore its dynamism and innovation. From IPO aspirations to groundbreaking regulatory milestones, today’s updates highlight the transformative power of fintech partnerships, regulatory evolution, and disruptive technologies. Here’s what you need to know.
Chime’s Quiet Step Toward Public Markets
Chime, the U.S.-based financial technology startup best known for its digital banking services, has taken a significant step by filing confidential paperwork for an initial public offering (IPO). As one of the most valuable private fintechs in the U.S., Chime’s move could potentially signal a renewed appetite for fintech IPOs in a market that has been cautious following fluctuating valuations across the tech sector.
With a valuation that reportedly exceeded $25 billion in its last funding round, Chime’s IPO could set a new benchmark for the industry. Observers note that its strong customer base and revenue growth may make it an appealing choice for investors seeking to capitalize on the digital banking boom. However, the timing and success of the IPO will depend on broader market conditions and the regulatory landscape.
Source: Bloomberg
ZBD’s Pioneering Achievement: EU MiCA License Approval
ZBD, a fintech company specializing in Bitcoin Lightning network solutions, has made history by becoming the first to secure an EU MiCA (Markets in Crypto-Assets Regulation) license. This landmark approval by the Dutch regulator positions ZBD at the forefront of compliant crypto-fintech operations in Europe.
MiCA, which aims to harmonize the regulatory framework for crypto-assets across the EU, has been a focal point for industry players aiming to establish legitimacy and expand their offerings. ZBD’s achievement not only validates its operational rigor but also sets a precedent for other fintech firms navigating the evolving regulatory landscape.
Industry insiders view this as a strategic advantage for ZBD as it broadens its footprint in Europe. By leveraging its regulatory approval, the company can accelerate its product deployment and establish trust with institutional and retail users alike.
Source: Coindesk, PR Newswire
The Fintech-Credit Union Synergy: A Blueprint for Innovation
The convergence of fintechs and credit unions continues to reshape the financial services ecosystem. Collaborative initiatives, such as the one highlighted in the recent partnership between fintech innovators and credit unions, are proving to be a potent force in delivering tailored financial solutions.
This “dream team” approach allows credit unions to leverage fintech’s technological expertise while maintaining their community-focused ethos. Key areas of collaboration include digital payments, personalized financial management tools, and enhanced loan processing capabilities. These partnerships not only enhance member engagement but also enable credit unions to remain competitive in an increasingly digital-first financial environment.
Industry analysts emphasize that such collaborations underscore a broader trend of traditional financial institutions embracing fintech-driven solutions to bridge service gaps and foster innovation.
Source: PYMNTS
Tackling Student Loan Debt: A Fintech’s Mission
Student loan debt remains a pressing issue for millions of Americans, and a Rochester-based fintech aims to offer relief through its cloud-based platform. This innovative solution is designed to simplify loan management and provide borrowers with actionable insights to reduce their debt burden.
The platform’s features include repayment optimization tools, personalized financial education, and seamless integration with loan servicers. By addressing the complexities of student loan management, this fintech is empowering borrowers to make informed decisions and achieve financial stability.
As the student loan crisis continues to evolve, solutions like this highlight the critical role fintech can play in addressing systemic financial challenges while fostering financial literacy and inclusion.
Source: RBJ
Industry Implications and Takeaways
Today’s updates underscore several key themes shaping the fintech landscape:
- Regulatory Milestones: ZBD’s MiCA license approval exemplifies the importance of regulatory compliance in unlocking growth opportunities.
- Strategic Partnerships: The collaboration between fintechs and credit unions demonstrates the value of combining technological innovation with traditional financial models to drive customer-centric solutions.
- Market Opportunities: Chime’s IPO move reflects a potential revival in fintech public offerings, signaling confidence in the sector’s long-term prospects.
- Social Impact: Fintech’s ability to tackle systemic issues, such as student loan debt, showcases its role as a force for positive change.
The post Fintech Pulse: Your Daily Industry Brief (Chime, ZBD, MiCA) appeared first on News, Events, Advertising Options.
Leading global payments platform SPAYZ.io has confirmed it will be attending iFX EXPO Dubai 2025 on 14 to 16 January. Exhibiting at Stand 64 at Trade Centre Dubai, SPAYZ.io’s team of professionals will be on hand providing live demonstrations of its renowned payment services for payment providers. Attendees will also receive exclusive insight into SPAYZ.io’s plans for 2025 alongside early early access to its upcoming plans for the new year.
SPAYZ.io delivers a host of payment solutions that leverage the latest technological innovations and open access to the fastest growing emerging markets across Africa, Europe and Asia. Over the past year, there has been huge demand for its Open Banking and local payment method services, alongside bank transfers, mass payouts, online banking and e-wallets.
Yana Thakurta, Head of Business Development at SPAYZ.io commented: “We look forward to once again participating at iFX Dubai to expand our network of partners and clients. It’s a fantastic way to kick off the year, connecting with thousands of industry leaders from FOREX platforms to trading companies, and everything in between.
“Our key goal for iFX Dubai EXPO 2025 is to expand our portfolio of solutions and geographies. We’re using this as an opportunity to partner with like-minded entities who share our ambition to provide payment solutions that are truly global.”
Come meet SPAYZ.io’s team at the Trade Centre Dubai at Stand 64. You can also book a meeting slot with a member of a team.
The post SPAYZ.io prepares for iFX EXPO Dubai 2025 appeared first on News, Events, Advertising Options.
Airtm, the most connected digital dollar account in the world, is proud to announce the addition of two distinguished industry leaders to its Board of Directors: Rafael de la Vega, Global SVP of Partnerships at Auctane, and Shivani Siroya, CEO & Founder of Tala. These appointments reflect Airtm’s commitment to innovation and financial inclusion as the company enters its next phase of growth.
“We are thrilled to welcome Rafael and Shivani to Airtm’s Board of Directors,” said Ruben Galindo Steckel, Co-founder and CEO of Airtm. “Their unique perspectives and proven track records will be invaluable as we continue scaling our platform to empower individuals and businesses in emerging markets. Together, we’ll push the boundaries of financial inclusion and innovation to create a more connected and equitable global economy. Rafael and Shivani bring a wealth of experience and strategic insight that will strengthen Airtm’s mission to connect emerging economies with the global market.”
Rafael de la Vega, a seasoned leader in fintech global partnerships and technology innovation, is currently the Global SVP of Partnerships at Auctane. With a proven track record of delivering scalable, impactful solutions at the intersection of fintech, innovation, and commerce, Rafael’s expertise will be pivotal as Airtm continues to grow. “Airtm has built a platform that breaks down barriers and opens up opportunities for people in emerging economies to connect to global markets. I am excited to contribute to its growth and help further its mission of fostering financial inclusion on a global scale,” said Rafael.
Shivani Siroya, CEO and Founder of Tala, is a pioneer in financial technology, renowned for empowering underserved communities through access to credit and essential financial tools. Her leadership in leveraging data-driven innovation aligns seamlessly with Airtm’s vision of creating more equitable financial opportunities. “Empowering underserved communities has always been at the core of my work, and Airtm’s mission resonates deeply with me. I’m thrilled to join the Board and work alongside such a dynamic team to expand access to financial tools that truly make a difference in people’s lives,” said Shivani.
The post Airtm Enhances Its Board of Directors with Two Strategic Appointments appeared first on News, Events, Advertising Options.
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