TECH BULLETIN

Tuesday, September 1, 2026

Tech Market Context: Macro Drivers

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Market Commentary

Today's Interesting Company News

Inturai Ventures Completes DomeCommand Acquisition

(CSE:URAI) Inturai Ventures Corp. has completed its acquisition of the DomeCommand intellectual property, an AI-driven command-and-control platform for autonomous drone swarms, pursuant to a definitive asset purchase agreement. The total consideration payable for the Purchased Assets is up to C$6,025,000, consisting of a C$25,000 upfront payment and the issuance of up to 30,000,000 common shares of the Company at a deemed price of C$0.20 per share. The Company issued 10,000,000 Initial Consideration Shares, subject to vesting restrictions, with 5,000,000 shares vesting 12 months after issuance and the remaining 5,000,000 vesting 24 months after issuance. The remaining 20,000,000 Consideration Shares are issuable upon satisfaction of performance metrics: 10,000,000 shares upon either the Purchased Assets generating $1,000,000 in cumulative revenue or the Company's shares trading at $0.40 or more, and 10,000,000 shares upon either $3,000,000 in cumulative revenue or trading at $0.60 or more. All Consideration Shares are subject to a statutory hold period of four months and one day, and the Performance Consideration Shares have an additional voluntary resale restriction of six months following issuance. The Company also acquired a perpetual, royalty-free, worldwide licence to the Distri software that DomeCommand runs on.

First Hydrogen Agreement for Mobile AI-Driven Robotic Ground Drone Platform

(TSXV:FHYD) First Hydrogen Corp. has acquired the exclusive worldwide rights to advance the unmanned ground vehicle (UGV) towards commercialization, including the development of a viable commercial design and defined application for the technology within a two-year period (Development Milestone). Upon successful completion of the Development Milestone, First Hydrogen will have exclusive worldwide rights for the remaining life of the UGV patent to develop, commercialize and exploit the UGV, subject to a 1% royalty on gross sales of products that incorporate the UGV patent. First Hydrogen will bear all cost of development and will own 100% of the intellectual property, inventions, developments, improvements, products, software, designs, data, know-how, and other work product created, conceived, or developed in connection with the UGV. The agreement with Exodus Actuation Solutions Inc. for the patented mobile robotic UGV is independent of the existing binding letter of intent with Exodus for advanced actuation, gearbox, motor and robotic technologies. The company anticipates executing the definitive agreement with Exodus imminently. The company's UGV chassis will have a modular cargo platform with multiple versatile applications that are easily interchangeable and will have amphibious capabilities. The functions are designed for military field support such as a drone launch and refueling platform, transport, equipment, security, tools, emergency packages, or other heavy items. The system is intended to function as a mobile robotic drone assistant capable in a wide range of logistics, such as campus and facility operations including security, construction sites, and last-mile delivery and emergency situations. The platform is expected to support both autonomous and user-assisted operating modes, allowing the robot to follow a user, operate via remote control, or navigate predetermined routes. Markets and Markets projects the global unmanned aerial vehicle (UAV or drone) market to grow from approximately US$26 billion in 2025 to more than US$40 billion by 2030. In connection with the transaction, the company will pay a finder's and consulting fee to a third party, in accordance with the TSX Venture Exchange policies. First Hydrogen Corp. has designed and built two hydrogen-fuel-cell-powered light commercial vehicles (FCEV). The FCEV are road-legal in the United Kingdom (excluding Northern Ireland) with 6,000 km of testing completed and have achieved a range of 630+ kilometres on a single refueling. The vehicles have successfully been trialled in real-world conditions with fleet operators in the United Kingdom.

Nokia Opens New Research and Development Centre in Saudi Arabia

(LSE/AIM:0HAF) Nokia announced the opening of its first research and development center in Saudi Arabia, focused on developing AI-powered network automation and orchestration software for customers in Saudi Arabia and globally. The center will advance AI-powered service management and orchestration (SMO), Self-Organizing Networks (SON), Autopilot, and rApps to help communications networks operate more autonomously, efficiently, and sustainably. The investment supports Saudi Vision 2030 by developing local AI and software talent and creating exportable “Made in Saudi” technology. The center will create high-value engineering and research roles and offer advanced training programs, boot camps, and AI and automation certifications for Saudi talent. The launch follows an agreement between the Minister of Communications and Information Technology of Saudi Arabia and Nokia President and CEO Justin Hotard. The center will contribute to localizing advanced research and development capabilities and developing national talent in AI and software.

XPENG Announces Vehicle Delivery Results for August 2026

(HKEX:9868) XPeng Inc. announced its vehicle delivery results for August 2026. XPENG delivered 39,107 vehicles in August 2026, representing a 4% year-over-year increase. On August 11, 2026, the XPENG G9L made its official debut and commenced pre-sales in the Chinese mainland. In August, XPENG's Robotaxi business validation gained further progress. The Company secured a permit to conduct remote testing of intelligent connected vehicles in Guangzhou, allowing road trials without an onboard safety operator on designated Level 1, 2 and 3 test roads across the city. XPENG's electric vehicles delivered from January to August 2026 are expected to reduce life-cycle greenhouse gas emissions by more than 3.72 million tons compared to internal combustion engine vehicles. This reduction is equivalent to the carbon absorbed by 61.6 million young trees over 10 years. XPENG is dual-primary listed on the New York Stock Exchange and the Hong Kong Stock Exchange.

Elevate Service Group Reports Record Q2-2026 Revenue of $20.5 Million as Operating Platform Continues to Scale

(TSXV:SERV) Elevate Service Group Inc. announced its financial results for the fiscal quarter ended June 30, 2026, reporting Q2-2026 total revenue of $20.5 million, an increase from $7.6 million in Q1-2026. The company completed three strategic acquisitions during the quarter: Think Green Solutions Inc. and JJ&A Mechanical Ltd. on April 15, 2026, and TFI Food Equipment Solutions on May 6, 2026. Pro forma Q2-2026 revenue would have been $24.6 million had all three acquisitions closed on April 1, 2026. Consolidated gross profit for Q2-2026 was $6.9 million, representing a gross margin of 33.8%. Adjusted EBITDA for Q2-2026 was $1.9 million, with an Adjusted EBITDA margin of 9.3%. The company reported a Q2-2026 loss from operations of $0.9 million, primarily due to non-cash share-based compensation, amortization of acquired intangible assets, acquisition-related transaction costs, and professional fees. Subsequent to quarter-end, Elevate strengthened its balance sheet with a $10.0 million bought deal equity offering and announced a $25.0 million acquisition credit facility, which remains on track to close in Q3-2026. The acquisitions expanded Elevate's capabilities, geographic reach, and field-service infrastructure, including a strengthened presence in British Columbia and a leadership position in commercial restaurant equipment distribution and servicing.

Hyper Bit Technologies Announces Closing of Private Placement

(CSE:HYPE) Hyper Bit Technologies Ltd. has completed a non-brokered private placement of 14,875,000 units at a price of $0.10 per unit, for gross proceeds of $1,487,500. Each unit consists of one common share and one share purchase warrant, with each warrant exercisable to purchase an additional share at an exercise price of $0.15 per warrant share for a period of 36 months after the date of issuance, subject to acceleration if the shares close at or above $0.30 for five consecutive trading days. The company intends to use the net proceeds from the offering to purchase crypto mining rigs, pay outstanding debts, marketing, and for general working capital purposes. All securities issued in connection with the offering are subject to a statutory hold period of four months plus a day from the date of issuance. The company incurred cash finder's fees in the amount of $48,800 to certain eligible finders and issued an aggregate of 488,000 non-transferable share purchase warrants to the finders, each exercisable into one share at a price of $0.10 per finder's warrant share for a period of 36 months from the date of issuance.

The FUTR Corporation Affirms Pre-Released Q2 Results With Quarter-over-Quarter Revenue up 16.5% and Record June Monthly Revenue

(TSXV:FTRC) The FUTR Corporation reported total revenue of $1,886,446 for the three-month period ended June 30, 2026, compared to $2,088,732 in Q2 2025. June 2026 revenue was $0.81 million, representing the Company's highest monthly revenue since the closing of the FUTR/Hank Payments transaction in February 2025 and an annualized run rate of approximately $9.67 million. Ongoing operations revenue was $1,886,446 compared to $1,580,400 in Q2 2025, an increase of 19.4%, and an increase of 16.5% over the $1,619,045 recorded in Q1 2026. Lead generation fees were $294,276, reflecting one month of revenue from FUTR Planning following its commercial launch in June 2026. Bank processing fees were $989,083, an increase of 1.3% over Q2 2025. Enrollment fees were $559,286, compared to $555,635 in Q2 2025. Gross profit was $1,539,873, with a gross margin of 82%. Adjusted loss from operations was $(1,852,048), compared to $(857,110) in Q2 2025, excluding stock-based compensation of $504,785, amortization of $340,636, and transaction costs of $100,000. Net loss was $(2,696,021), or $(0.02) per share, compared to a net loss of $(4,035,948), or $(0.04) per share, in Q2 2025. The Company signed 51 dealer contracts during the Quarter, comprising 15 net-new dealer agreements and 36 re-engaged dealers, building on the 22 dealer agreements signed in Q1 2026. The active dealer network stands at 180 dealers as at the date of this release, and the Company is targeting 500 active dealers by the end of 2027. On June 5, 2026, the Company completed the acquisition of a North American financial planning platform, now operating as FUTR Planning. FUTR Planning users completed 6,618 financial plans in June 2026, including 1,590 plans identifying an auto loan need and 4,136 plans identifying a mortgage need. On May 27, 2026, the Company closed a non-brokered private placement of 23,750,000 units at $0.20 per unit for gross proceeds of $4,750,000, improving total shareholders' equity to $1,560,346 at June 30, 2026 from $1,227,584 at December 31, 2025. On July 14, 2026, the Company closed a non-brokered private placement of 1,250,000 units at $0.20 per unit for gross proceeds of $250,000 from its strategic partner, Feenix Payment Systems. Following the Quarter, the Company completed two phases of management and overhead streamlining in July and August 2026, achieving estimated gross cost reductions of $150,000 to $160,000 per month, representing an estimated annualized reduction of approximately $1.8 million to $1.9 million. On July 29, 2026, the Company granted 875,000 incentive stock options to employees and consultants at an exercise price of $0.18, vesting at a rate of 1/48th per month with a term of five years.

TenX Protocols Reports First Quarter Fiscal 2027 Financial Results

(TSXV: TNX) TenX Protocols Inc. reported unaudited financial results for the three months ended June 30, 2026. Cash was $4,223,616 at June 30, 2026, compared with $4,796,818 at March 31, 2026. Direct digital assets were $6,953,579 at June 30, 2026, consisting of $4,566,450 of staked assets and $2,387,129 of assets held in custody, compared with $9,335,791 at March 31, 2026. Galaxy investments had a fair value of $952,015 at June 30, 2026, representing exposure to 10,880.22 SOL, compared with 10,762.28 SOL at March 31, 2026. Total assets were $12,356,945 at June 30, 2026, compared with $15,440,205 at March 31, 2026. Staking revenue was $115,323 for the quarter, compared with $17,549 for the three months ended June 30, 2025. Net loss was $2,813,752 for the quarter, compared with $176,059 for the comparative quarter, driven primarily by a $1,905,612 non-cash revaluation loss on direct digital assets and a $48,560 unrealized loss on the Galaxy investments. Net cash used in operating activities was $573,202, with no cash investing or financing activities during the quarter. The company issued 612,745 common shares with a fair value of $128,676 to settle accounts payable of $100,000 related to advisory services, resulting in a $28,676 loss recognized in profit or loss. Working capital was $4,358,429 at June 30, 2026, with no interest-bearing debt reflected in the interim financial statements. At June 30, 2026, $670,273 of the Galaxy investments was classified as current and $281,742 as non-current. The weighted-average DLOM applied to the remaining locked interests was approximately 18.9%, compared with 20.7% at March 31, 2026. Contractual commitments due within the next twelve months were approximately $0.26 million.

Cybeats Technologies Corp. Announces Second Quarter Fiscal 2026 Financial Results

(CSE: CYBT) (OTCQB: CYBCF) Cybeats Technologies Corp. reported revenue in Q2 2026 of $815,769, an increase of 9.5% or $71,105 over Q2 2025 revenue of $744,664. Net loss in Q2 2026 was $764,074 versus a loss of $792,922 in Q2 2025, an improvement of 4% or $28,848. Cash expenses decreased slightly to $1,535,904 in Q2 2026 compared to $1,536,727 in Q2 2025. Cash at the end of the quarter was $261,643 compared to $1,072,900 at the end of Q1 2026. Revenue in H1 2026 was $1,579,448, an increase of 11% or $153,656 over H1 2025 revenue of $1,425,792. Net loss in H1 2026 was $3,195,069, versus a loss of $2,008,285 in H1 2025, driven by a non-cash expense of $1,572,206 in option grants in Q1 2026. The company closed an oversubscribed non-brokered private placement for $1.9 million subsequent to quarter end. On June 4, 2026, Cybeats secured a major enterprise agreement with a global leader in industrial software and critical infrastructure solutions. On July 27, 2026, the company completed an oversubscribed non-brokered private placement offering of 11,562,14 units for $1.9 million. On July 30, 2026, a channel partnership delivered its first commercial win with a leading Japanese industrial control systems provider. On August 6, 2026, Cybeats introduced RAVEN, a new Agentic AI intelligence layer for its software supply chain security platform. As of August 14, 2026, the company had 8 active POCs and a further 6 scheduled for Q3 and Q4.

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