TECH BULLETIN

Monday, August 17, 2026

Tech Market Context: Macro Drivers

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Today's Interesting Company News

Institutional Investors Back Metavista3D With CDN$6,000,000 Financing to Support Global Commercialization

(TSXV: DDD) Metavista3D Inc. has entered into a binding term sheet dated August 7, 2026 with Sorbie Bornholm LP and Sorbie Investments LLP for a non-brokered private placement for approximately CDN$6,000,000 before giving effect to the Sharing Agreement. The Offering will consist of the issuance of 18,750,000 units at a price of CAD$0.32 per Unit, with each Unit comprised of one common share and one common share purchase warrant. Closing of the Offering is expected to occur on or about August 28, 2026, subject to customary closing conditions and regulatory approvals, including approval of the TSX Venture Exchange. 4,687,500 Warrants will entitle the holder to purchase one Share at an exercise price of CAD$0.44 for a period of three years following the closing date, and 14,062,500 Warrants shall entitle the holder to purchase one Share at a 10% premium to the preceding 20-day volume weighted average price from the date of issuance, for a period of three years. The Company and the investors will enter into a sharing agreement based on 14,064,698 Shares at a benchmark price of CAD$0.4266 per Share, subject to adjustment in certain circumstances. The Company's economic interest will be determined in 24 monthly settlement tranches measured against the benchmark price, with the first monthly settlement tranche payable one month after closing occurs. The Company intends to use the net proceeds from the Offering to advance commercialization of its glasses-free 3D display technology, including product development and OEM business development, to support its patent portfolio and for general working capital and corporate purposes.

Zhibao Technology Inc. Announces Closing of $154.7 Million PIPE Financing

(NASDAQ: ZBAO) Zhibao Technology Inc. has closed its previously announced private investment in public equity (PIPE) financing for an aggregate purchase price of $154,700,000. The transaction comprises 442,000,000 PIPE Units at $0.35 per Unit, each consisting of one Class A Ordinary Share and one two-year Warrant exercisable at $0.35 per share. At closing, 395,678,152 PIPE Units were delivered, with the remaining 46,321,848 Units to be delivered following shareholder approval. The total purchase price was fully satisfied and deemed paid in full at closing through the contribution by the Investors of 2,380 Bitcoins to the Company's designated wallet account, based on a reference price of $65,000 per Bitcoin as of July 30, 2026. The Company will use commercially reasonable efforts to file a registration statement on Form F-1 with the U.S. Securities and Exchange Commission within forty-five (45) calendar days following the July 31, 2026 effective date, covering the resale of the Class A Ordinary Shares, Warrant Shares, and certain management shares. Zhibao Technology Inc. is a leading high-growth InsurTech company and pioneer of the 2B2C digital embedded insurance model in China.

Eve Air Mobility and RV Connex Sign MOU to Advance Urban Air Mobility Regulatory Framework in Thailand

(NYSE: EVEX) Eve Air Mobility and RV Connex Co., Ltd. are signing a Memorandum of Understanding to work together on regulatory development that will help shape Thailand's Advanced Air Mobility industry. Under the terms of the MOU, RV Connex and Eve will jointly collaborate on long term industry and regulatory engagement in Thailand. This collaboration seeks to evaluate future operational scenarios, safety requirements, airspace rules, and infrastructure needs that are specific to Thailand's aviation system. RV Connex will collaborate closely with partners from government, academia, and industry to make sure the process is thorough and inclusive. Eve Air Mobility is dedicated to accelerating the Urban Air Mobility (UAM) ecosystem. RV Connex Co., Ltd. is a Thai aerospace and advanced technology company specializing in the research, development, and manufacturing of next-generation aviation and autonomous systems.

WhiteFiber Expands North Carolina Data Center Footprint With Agreement to Acquire Two New Development Sites

(NASDAQ: WYFI) WhiteFiber, Inc. announced that, through its wholly owned subsidiary Enovum Data Centers Corp., it has entered into a definitive agreement to acquire two industrial properties in Yadkin County, North Carolina for a cash purchase price of $60.0 million. WhiteFiber intends to retrofit the properties into data center campuses to be known as NC-2 and NC-3. The properties are expected to provide a combined minimum of 60 MW of initial gross utility capacity. Initial due diligence indicates that NC-2 and NC-3 have the potential to support up to approximately 200 MW of combined gross utility capacity over time. WhiteFiber is targeting initial ready-for-service capacity in the third quarter of 2027, subject to completion of the acquisition and customary development conditions. The transaction is expected to close in the fourth quarter of 2026, subject to customary closing conditions. WhiteFiber has received non-binding letters of intent with investment-grade credit support from prospective customers.

Advasa Holdings, Inc. Announces Effectiveness of Registration Statement and Approval to List Common Stock on the Nasdaq Global Market

(NASDAQ:GLOBAL) Advasa Holdings, Inc. announced that its registration statement on Form S-1 relating to a proposed public direct listing of its common stock was declared effective by the SEC on August 11, 2026 and that its common stock has been approved for listing on the Nasdaq Global Market. The Company's common stock is expected to begin trading on Nasdaq under the ticker symbol "ADBT" on or about August 18, 2026. ADVASA operates "FUKUPE," an EWA platform that allows employees to receive wages they have already earned in real-time. ADVASA has established an intellectual property foundation across markets including Japan, the United States, South Korea, and Singapore. ADVASA plans to expand from Japan into global markets—including Indonesia and the UAE. WestPark Capital, Inc. is acting as financial advisor and Anthony, Linder & Cacomanolis, PLLC is acting as securities counsel to ADVASA in connection with the direct listing on Nasdaq.

DEFSEC Technologies Inc. Announces CDN$5.54 Million Private Placement

(TSXV: DFSC) DEFSEC Technologies Inc. announced that it has entered into definitive agreements for the issuance and sale of 1,951,219 common shares (or pre-funded warrants in lieu thereof) at a purchase price of CAD$2.84 (US$2.05) per Common Share (or Pre-funded Warrant in lieu thereof) and Common Share purchase warrants to purchase up to an aggregate of 1,951,219 Common Shares in a private placement. Each Common Warrant will be immediately exercisable to acquire one Common Share at an exercise price of CDN$3.30 per Common Share for a period of 60 months following the closing of the Offering. Each Pre-funded Warrant will be immediately exercisable to acquire one Common Share at a nominal exercise price of CDN$0.001 per Common Share. H.C. Wainwright & Co. is acting as the exclusive placement agent for the Offering. The aggregate gross proceeds from the Offering are expected to be approximately CDN$5.54 million (approximately US$4.0 million), before deducting placement agent fees and other offering expenses. DEFSEC intends to use the aggregate net proceeds from the Offering for business and market development, intellectual property protection and registrations and general working capital purposes. The Offering is expected to close on or about August 18, 2026, subject to the satisfaction of customary closing conditions, including the approval of the TSX Venture Exchange.

TTGI Enters Into an OEM Partnership With GetVocal AI to Expand AI-Driven Communications Capabilities Across Its TaaS Platform

(TSXV: TTGI) Turnium Technology Group Inc. announced that its Turnium subsidiary has entered into an OEM partnership agreement to integrate and distribute GetVocal AI voice technology across TTGI's global partner ecosystem and broader TaaS platform. The agreement provides Turnium with global rights to distribute and integrate the GetVocal platform into TTGI's partner network via its portfolio offerings, including bundled solutions delivered alongside Turnium SD-WAN and Insentra AI services. The partnership supports TTGI's broader strategy of building a scalable TaaS platform that combines connectivity, cloud, managed services, AI enablement and communications technologies delivered through channel partners worldwide. TTGI believes the addition of conversational AI voice capability further expands TTGI's portfolio available to partners seeking integrated networking and AI-enabled communications solutions within a single channel-driven ecosystem. GetVocal provides conversational AI voice technology designed to support enterprise customer interaction and communications environments through AI-powered voice agents, workflow automation, and integration into existing operational systems. Turnium is a software-defined wide area networking (SD-WAN) provider delivering secure, flexible, and cost-effective network connectivity solutions for managed service providers and their clients. Insentra is a 100% channel-only global IT professional services company and a TTGI group company, with offices in Australia, the United Kingdom, and the United States.

Freightos Reports Second Quarter 2026 Results

(NASDAQ: CRGO) Freightos Limited reported record revenue of $7.7 million for the second quarter of 2026, exceeding management expectations. The company ended June 2026 with $21.4 million in cash and cash equivalents and a short term bank deposit balance. IFRS Gross Margin for the quarter was 67.6%, up from 67.1% in the second quarter of 2025, and Non-IFRS Gross Margin was 74.1%, up from 73.5% in the second quarter of 2025. IFRS loss for the quarter was $1.6 million, compared to a loss of $4.3 million for the second quarter of 2025. Adjusted EBITDA was negative $2.0 million, compared to negative $2.9 million for the second quarter of 2025. The Freightos platform facilitated 458k transactions during the second quarter of 2026, up 15% year-over-year. The total value of transactions processed on the Freightos platform, or GBV, reached a record of $422 million for Q2 2026, up 33% from Q2 last year.

Vision Marine Technologies Strengthens E-Motion™ Technology Portfolio With Issuance of U.S. Powertrain Authentication Patent

(NASDAQ: VMAR ; TSXV: VMAR) Vision Marine Technologies Inc. announced that the United States Patent and Trademark Office has issued U.S. Patent No. 12,700,271 B2, titled "Apparatus and Method for Authentication of One or More Powertrain Components of an Electric Vessel." The patent covers the monitoring of authentication communications among components within an electric-vessel powertrain and establishes defined system responses when expected authentication information is not received or a component cannot be confirmed as genuine. Under specified conditions, the patented system provides for operator notification and the disabling of vessel operation when an expected authentication message is not received. The patent also addresses component verification, event logging, encryption-key functions and principal powertrain components, including high-voltage battery units, a power distribution unit and an electric marine propulsion device. The formal issuance strengthens Vision Marine's portfolio of granted U.S. patents and expands protection around a key component of the E-Motion™ platform. It follows the Company's June 24, 2026, announcement of the USPTO's Notice of Allowance.

HIVE's BUZZ HPC Signs $350 Million AI Cloud Services Agreement With Investment-Grade Enterprise Customer

(TSX: HIVE) HIVE Digital Technologies Ltd., through its wholly owned subsidiary BUZZ High Performance Computing Inc., announced that it has signed a five-year GPU cloud services agreement with an investment-grade enterprise customer, representing approximately $350 million in total contract value over five years and adding approximately $70 million in annualized revenue. This brings BUZZ HPC's total annualized revenue to approximately $180 million, comprised of approximately $35 million in active, realized ARR today and approximately $145 million in contracted ARR expected to come online through Q4 2026. BUZZ HPC will deliver a dedicated AI infrastructure cluster consisting of 2,016 NVIDIA Blackwell Ultra GPUs in NVIDIA GB300 NVL72 rack-scale systems, interconnected with NVIDIA Quantum-X800 InfiniBand networking and supported by VAST Data's high-performance storage platform. The cluster is expected to become operational later this year at the Bell AI Fabric facility in Merritt, British Columbia, which is powered by 100% renewable hydroelectric energy and utilizes advanced closed-loop liquid cooling technology. The company expects capital expenditures associated with the deployment to total approximately $185 million, and will receive an upfront deposit of approximately 10% of the total contract value, or approximately $35 million, from the customer. Upon completion, HIVE will retain ownership of the NVIDIA AI infrastructure, creating a long-lived strategic asset with potential for continued cashflows. NVIDIA accelerated computing infrastructure is expected to be delivered and deployed in calendar Q4 of this year, at which point, HIVE's HPC/AI daily revenue will be approximately $500,000.

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