TECH BULLETIN

Monday, August 3, 2026

Tech Market Context: Macro Drivers

Key macro instruments that drive tech market movements: yields, dollar, risk appetite

Market Commentary

Today's Interesting Company News

Gen Launches the Fearless Planet Index

(NASDAQ:GEN) Gen, a global leader dedicated to powering Digital Freedom through its family of trusted consumer brands, launched the Fearless Planet Index (FPI), a continuously updated Cyber Safety intelligence hub. The FPI tracks the most prominent threats across 245 countries and territories and detected 120M+ phishing attacks in the latest 30-day snapshot. Over 80% of categorized threats were scams or malicious advertising rather than traditional malware. North America recorded the highest average digital risk at 29.6%, followed by Europe at 28.5%, Asia-Pacific at 27.4%, Middle East & Africa at 25.6%, and Latin America at 22.0%. The FPI provides real-time insights into scams, cyber threats, and identity risks, helping people understand where threats are emerging and how to protect themselves. Gen brings award-winning products and services in cybersecurity, online privacy, identity protection, and financial wellness to nearly 500 million users in more than 150 countries. The company projects that the FPI will help people see where digital risks are emerging, which scams are most active, and how those patterns evolve over time.

Leidos Selected to Provide Flight-proven Infrared Sensors to Sierra Space for Missile Defense Satellites in Support of Golden Dome for America

(NYSE: LDOS) Leidos was selected by Sierra Space to provide infrared sensing payloads, onboard signal-processing capabilities and mission support for the Accelerated Missile Defense Tranche 3 (AMDT3) Tracking Layer. Sierra Space will integrate Leidos' infrared sensing payloads into 18 missile warning and tracking satellites that will provide persistent detection and tracking of hypersonic and other advanced missile threats from low Earth orbit. Leidos' four Tranche 0 payloads have successfully operated on orbit since 2023, producing tracks of real-world events. Leidos is also delivering 14 missile warning and tracking sensors for Tranche 1 and 16 for Tranche 2, plus two dedicated missile defense sensors for Tranche 2. Leidos reported annual revenues of approximately $17.2 billion for the fiscal year ended January 2, 2026. The AMDT3 award advances Leidos' NorthStar 2030 strategy by expanding the company's position in space sensing, onboard digital processing and integrated national security technologies. Leidos has approximately 50,000 global employees.

Leidos Continues to Strengthen U.S. Navy's Secure Intelligence Operations

(NYSE: LDOS) Leidos has secured a contract worth up to $64.8 million from the Office of Naval Intelligence to continue modernizing the infrastructure underpinning secure naval intelligence systems worldwide. The agreement covers a base year with four option years and advances work Leidos has performed since 2021. The contract will help improve operational reliability, secure information sharing, and accelerate technology integration for the Hopper Global Communications Center (GCC). Leidos reported annual revenues of approximately $17.2 billion for the fiscal year ended January 2, 2026. The company is headquartered in Reston, Virginia, and has approximately 50,000 global employees. This work advances Leidos' NorthStar 2030 strategy by strengthening its core growth pillars, cyber and mission & digital solutions.

Quantum Cyber acquires an equipped 50,000-square-foot manufacturing facility in Connecticut

(NASDAQ: QUCY) Quantum Cyber N.V. has acquired an equipped 50,000-square-foot manufacturing facility in Connecticut through its U.S. subsidiary, Quantum Drones Corporation. The company has publicly stated a targeted annual production capacity of approximately 100,000 drones across kamikaze, interceptor, surveillance, VTOL, and long-range Phantom 950 platforms once buildout is complete. Quantum Cyber draws on Israeli and Ukrainian battlefield-proven systems, and its engineering team includes personnel with active electronic warfare combat experience. On July 15, 2026, Quantum Drones Corporation closed the acquisition of the Bridgeport, Connecticut facility, which arrives with CNC machining centers, overhead crane systems, 3D printers, stamping presses, lathes, milling machines, and surface grinders already installed. Quantum Cyber reports approximately $2 Million of purchase orders for Quantum Drone Corporation. The company has established a federal procurement vehicle and structured Quantum Drones Corporation as a Nevada-incorporated, FOCI-eligible procurement vehicle expressly to serve DIU, SOCOM, DHS, and allied Foreign Military Sales customers. The company projects a targeted annual production capacity of approximately 100,000 drones once buildout is complete.

MCAP Reports EPS of $0.18 for 2Q 2026

(OTC: MCAP) MCAP Inc., a financial technology and electronic securities market maker, reported earnings of $0.18 per share. Quarterly revenue was $29.6mm, and quarterly EBITDA was $6.5mm. MCAP continues to expand through its investment in customer relationships, application software development, securities execution platforms and diversification of business lines. The Company also seeks additional M&A opportunities that are aligned with the Company's core competencies in order to increase long-term shareholder value. MCAP Inc. is a U.S. based public holding company owning subsidiaries and investments in various companies. The Company's principal focus is financial technology businesses that conduct business globally. The Company owns, develops, and invests in the electronic market making and execution sector, securities trading technologies, and alternative trading platforms.

Teradata Brings Enterprise-Grade Data Analyst Agent to AWS Marketplace

(NYSE: TDC) Teradata announced the availability of its enterprise-grade Data Analyst Agent in AWS Marketplace, bringing AI-assisted, conversational analytics directly into existing AWS environments. The Teradata Data Analyst Agent enables advanced, multi-step analytics by orchestrating SQL queries on the Teradata platform and performing iterative statistical analysis using Python within AWS. The agent supports secure pushdown processing to ensure compliance, adapts to existing data models without custom training, and maintains conversational context for progressive exploration. Integrated with Amazon Bedrock AgentCore for memory and session management, it delivers real-time insights without requiring data movement. Teradata customers can now quickly deploy the Teradata Data Analyst Agent within AWS, accelerating time-to-value and expanding access to advanced analytics across the business. The Data Analyst Agent for AWS is available now in AWS Marketplace through Teradata AI Services. Cost efficiency is highlighted as a benefit, with reduced upfront investment and lower total cost of ownership available directly through AWS Marketplace procurement.

Syntec Optics (Nasdaq: OPTX) Secures Fusion Energy Order as AI Data Center Orders Top $4M

(NASDAQ: OPTX) Syntec Optics Holdings, Inc. announced it hit a landmark milestone by receiving a wave of new fusion orders worth 7 times more than orders received late last year. Since entering the market over the past two years, Syntec has reached $4 million in orders for high-tech gear used in data centers, including fusion tech, super-accurate micro-connectors, and space-power sub-systems. Syntec is allocating 5% of the factory just to build AI data center optics for the long haul. The company has a dedicated team of nearly 180 employees and supports critical missions ranging from low-Earth-orbit satellites to advanced defense platforms and AI data centers. IDTechEx estimates investments in fusion energy have now jumped to $9 billion. Goldman Sachs estimates energy needs will double next year from 2025 levels. The company projects that fusion optics is a significant part of its game plan and that it remains positioned at the forefront of the modern optical revolution.

SRX Global Portfolio Company Smartkem, Inc. (NASDAQ: SMTK) Announces Merger

(NASDAQ: SMTK) Smartkem, Inc., a leader in advanced materials, will merge with Ferrox Critical Minerals, as announced by SRX Global Inc. The business combination will be subject to customary closing conditions, including the approval of Smartkem and Ferrox shareholders. SRX Global Inc. previously announced that it acquired 4.99% of Smartkem, Inc. through a shelf take down and purchased convertible preferred securities through a non-brokered private placement. SRX Global Inc. is described as an AI-driven platform focused on generating long-term shareholder value through investments in high-conviction operating companies, strategic assets, and technology-enabled opportunities. The company leverages proprietary technology, data analytics, and disciplined capital allocation to identify and manage investments across multiple sectors.

Hitek Announces Entry Into Share Purchase Agreement to Acquire an Advertising and Digital Marketing Company

(NASDAQ:HKIT) Hitek Global Inc. announced that on August 3, 2026, it entered into a Share Purchase Agreement (the "SPA") with MAI THỊ MỸ ÚT and certain other parties to acquire all of the issued and outstanding shares of Ju Fu Limited for an aggregate purchase price of US$20,000,000. The purchase price consists of up to US$14,000,000 in cash (including US$11,000,000 payable at the two closings and up to US$3,000,000 in deferred cash consideration subject to specified performance targets) and 4,000,000 Class A ordinary shares of the Company. The consideration shares will be subject to performance-based lock-up, release, forfeiture, cancellation and sale-proceeds limitations as set forth in the SPA. The transaction is expected to close in two stages, with the first closing expected to occur on or around August 11, 2026, subject to the satisfaction or waiver of customary closing conditions. Ju Fu operates an advertising and digital marketing business under the "Beijing Fourth Coco" brand through its wholly owned subsidiaries, Fourth Coco Technology Limited and Beijing Fourth Coco Technology Co., Ltd. Hitek Global Inc. is headquartered in Xiamen, China, and provides IT consulting and solutions services in China. The company projects that this acquisition will help expand into new business segments.

Gaxos Announces $1,000,000 Share Repurchase Plan

(NASDAQ: GXAI) Gaxos.ai Inc. announced that its Board of Directors has authorized a new share repurchase program, under which the Company may repurchase, from time to time, up to an aggregate of $1,000,000 of the Company’s common stock. The board’s decision to authorize a share buyback program directly reflects its belief that the Company’s current stock price does not indicate Gaxos’ true value. Gaxos.ai Inc. develops artificial intelligence applications designed to address opportunities across consumer and enterprise markets. The Company’s operations include Gaxos Labs, which develops and commercializes AI-powered applications, and RNK Health, a majority-owned subsidiary offering personalized weight loss, longevity, and performance treatments. Gaxos also holds a strategic minority investment in America First Defense.AI, a defense-technology company developing next-generation counter-UAS and robotic platforms. The timing, the number of shares repurchased, and prices paid for the stock under this program will depend on available liquidity, cash flows and market conditions as well as corporate and regulatory limitations. The repurchase program does not obligate the Company to acquire any particular amount of shares, and the repurchase program may be suspended or discontinued at any time at the Company's discretion.

Mercury Partners With Palantir to Enhance Factory Automation and Accelerate Production Timelines

(NASDAQ: MRCY) Mercury Systems, Inc. and Palantir (NASDAQ: PLTR) announced a strategic agreement to enhance the automation of material planning and factory operations to accelerate the delivery of processing technologies for U.S. military programs. Palantir is working with key U.S. defense industrial base suppliers to increase throughput and reduce delivery timelines for critical components and subsystems. Mercury will streamline material planning, reduce manual workloads, and improve the ability to deliver at increased capacity across its factories through two initial workflows. Palantir will help Mercury build an enterprise ontology that serves as a digital twin of the company’s operations and business practices. Mercury is headquartered in Andover, Massachusetts, and has multiple locations worldwide. The press release contains forward-looking statements regarding the Company's focus on enhanced execution of the Company's strategic plan. Effort is sponsored by the U.S. Government under the Tradewind Prototype Agreement.

Dominari Congratulates Powerus on Its Multimillion Dollar Contract for Aerial Drone System

(NASDAQ:PUSA) Powerus has announced a proposed merger with Aureus Greenway Holdings Inc.; the merger has not closed and remains subject to customary closing conditions, including the effectiveness of a Form S-4 registration statement and applicable regulatory approvals. Tandem Defense LLC, a wholly owned subsidiary of Powerus, has been awarded a multimillion-dollar contract for its aerial unmanned aircraft systems, with a ceiling of up to $90 million and running through mid-2028. This award also provides for ancillary support equipment, operator training, and field service representative support. The $90 million figure represents the maximum potential value of the contract and is not a guaranteed or committed amount, and revenue to Powerus will depend on the individual task orders over the term of the contract. Dominari Securities has served as placement agent/underwriter across several capital raises for Autonomous Power Corporation, including its February 2025 Initial Public Offering, its July 2025 private placement of $26,000,000.00, and its March 2026 private placement of $9,000,000.00. This award is in addition to the multimillion-dollar distribution agreement announced last month. Dominari Holdings Inc. is a holding company engaged in wealth management, investment banking, sales and trading, and asset management.

Yellow.ai, a Global Leader in Enterprise Agentic AI, to Go Public Via $550 Million Merger With Bluerock Acquisition Corp. (Nasdaq: BLRK)

(NASDAQ:BLRK) Bluerock Acquisition Corp. and Yellow.ai announced a definitive Business Combination Agreement expected to take Yellow.ai public, with the combined company to operate as Yellow.ai and trade on The Nasdaq Capital Market under the ticker "YAI." The transaction metrics imply a pro forma equity value of approximately $550 million, assuming no redemptions by BLRK public shareholders, and include $30 million of committed PIPE financing from institutional investors. The Business Combination is expected to generate more than $200 million in gross proceeds, including approximately $175 million of cash held in Bluerock's trust account at closing and approximately $30 million of committed PIPE financing. Yellow.ai reported $34M+ unaudited revenue last fiscal year, 16 billion conversations annually, 650+ enterprise clients, and deployments in 85+ countries. The BPO market is currently a $384 billion category, projected to reach $906 billion by 2035, with the AI agent sub-segment expected to grow from $12 billion to $295 billion at a ~43% CAGR. The Business Combination is expected to close in the second half of 2026, subject to customary closing conditions. The company projects to use the proceeds to accelerate investment in its agentic AI platform, expand enterprise sales across North America and Europe, and scale global operations.

QSE Closes First Tranche of Private Placement of $5.3 Million and Announces Further Upsize to $6 Million

(CSE: QSE, OTCQB: QSEGF) Quantum Secure Encryption Corp. announced it has closed the first tranche of its previously announced non-brokered private placement financing by issuing 11,833,456 units at a price of $0.45 per Unit for total proceeds of $5,325,055.20. The Company has increased the size of the Offering and will now issue up to 13,333,333 Units at a price of $0.45 per Unit for gross proceeds of up to $6,000,000. Each Unit consists of one common share and one half of one common share purchase warrant, with each whole warrant entitling the holder to acquire one additional Share at an exercise price of $0.65 until July 31, 2028. The Company paid finders a cash fee totaling $109,760.53 and issued finders a total of 207,177 Warrants, each exercisable at $0.65 until July 31, 2028. The aggregate net proceeds of the Offering will be used for the continued commercialization and expansion of the QSE Platform and for general working capital purposes. The Company entered into a corporate communications and marketing services agreement with Market Equities Limited, paying an upfront fee of C$200,000 for an initial term of 6 months commencing on July 31, 2026. The closing of the balance of the Offering is subject to certain closing conditions including, but not limited to, receipt of all necessary approvals including the approval of the CSE.

Ghummud Delivers Maiden Revenue of US$319,637

(AIM: AEG, OTCQB: AEUSF) Active Energy Group plc announced that its Ghummud digital infrastructure facility delivered maiden revenue of US$319,637 during the first full quarter of operations. The revenue was generated for the three-month period ended 31 July 2026, following the completion of the acquisition on 9 April 2026. Revenue generation commenced after the redeployment of digital infrastructure to the site announced on 5 May 2026. Engineering optimisation initiatives are ongoing to improve efficiency, uptime, and power utilisation. The company is evaluating opportunities to increase available power capacity through targeted, low-capital infrastructure enhancements, though uplift, cost, and timing are not yet quantified. Performance remains in line with the Board's expectations and supports the operational assumptions outlined at the time of acquisition. The Board notes that these results were achieved during a period of continued volatility in digital asset markets and heightened geopolitical uncertainty within the Middle East.

EchoStar Announces Financial Results for the Three and Six Months Ended June 30, 2026

(NASDAQ:ECHO) EchoStar Corporation reported second quarter 2026 total revenue of $3.58 billion, compared to $3.72 billion in 2025. Net income attributable to EchoStar in the second quarter of 2026 totaled $8.46 billion, primarily due to a non-cash gain on deconsolidation totaling approximately $9.73 billion. Excluding the tax affected impact of the non-cash adjustment for 2026, the net income attributable to EchoStar would have been approximately $49.46 million. Diluted earnings per share was $24.12 in the second quarter of 2026, compared to a loss of $1.06 in 2025. Pay-TV net pay-TV subscribers decreased approximately 241,000 in the second quarter of 2026, closing the quarter with 6.39 million pay-TV subscribers, including 4.68 million DISH TV subscribers and 1.71 million Sling TV subscribers. Retail wireless subscribers decreased by approximately 118,000 in the second quarter of 2026, closing the quarter with 7.38 million wireless subscribers. Broadband subscribers decreased by approximately 59,000 in the second quarter of 2026, closing the quarter with 622,000 broadband subscribers.

Elixirr International: Trading Update and Appointment of Joint Broker

(LSE/AIM:ELIX) Elixirr International plc announced a trading update for the six-month period ended 30 June 2026, reporting H1 26 revenue of £89.0m, up 25% on H1 25 despite a 4% weakening in the USD/GBP exchange rate. H1 26 Adjusted EBITDA increased 29% to £27.6m, with the Adjusted EBITDA margin improving by 100bps to 31.0% (H1 25: 30.0%). The company highlighted strong demand for commercial transformation and technology services, with significant growth in AI-related revenue. Elixirr will announce its interim results for the six months ended 30 June 2026 on 21 September 2026. The company also announced the appointment of Canaccord Genuity Limited as joint corporate broker to support its continued expansion, including in the US market. Elixirr has acquired nine boutique firms to grow the Group's capabilities and expand into new geographies. The company was quoted on the AIM market of the London Stock Exchange in 2020 and listed on the Main Market of the London Stock Exchange in July 2025.

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