TECH BULLETIN

Thursday, August 6, 2026

Tech Market Context: Macro Drivers

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

Today's Interesting Company News

IREN Completes Acquisition of Mirantis

(NASDAQ: IREN) IREN Limited announced it has completed the acquisition of Mirantis, Inc. through the issuance of approximately 12.6m ordinary shares, fixed at signing, plus cash, restricted stock units and other consideration of approximately $40m as of closing. The acquisition deepens IREN’s capabilities across AI workload orchestration, monitoring and customer support, and strengthens its vertically integrated AI Cloud platform spanning owned and operated data centers, compute and software. Mirantis brings a track record of serving more than 1,500 enterprise customers globally and is an inaugural partner of the NVIDIA AI Cloud Ready Initiative. The open-source k0rdent AI platform will continue to be developed and supported for Mirantis’ customers. IREN’s platform is underpinned by its expansive portfolio of grid-connected land and power in renewable-rich regions across North America, Europe and APAC. The company projects anticipated benefits of the Mirantis acquisition, customer utilization and adoption of the k0rdent AI platform, and targeted annualized AI Cloud revenue. Management also targets continued development of existing data center sites and expansion into the market for high performance computing solutions.

Plurilock's Integra Networks Selected as One of the Contract Holders Under NATO Cyber Security Framework

(TSXV: PLUR) (OTCQB: PLCKF) Plurilock Security Inc. announced that its Integra Networks Corporation subsidiary has been selected as one of the Contract Holders under the NATO Communications and Information Agency's (NCIA) Cyber Security Dynamic Marketplace ("CSDM") Lot 1 framework. CSDM Lot 1 is a five-year, multiple-award indefinite delivery / indefinite quantity ("IDIQ") framework covering eight cyber security categories for NATO customers. Work under the framework will be conducted through individual task orders issued by NCIA to Contract Holders, with order values and associated revenue for any individual Contract Holder determined by future task order awards and not fixed under the framework. The Company's Aurora Systems Consulting subsidiary holds a NASA SEWP V contract extended through September 2026, with option periods available through April 2027, and has been notified of its status as a NASA SEWP VI awardee. Plurilock's public sector contracting vehicles enable the Company to serve public sector customers in the United States, Canada, and now, through CSDM, NATO. The Company also announced the appointment of Veera Singh as Chief Operating Officer (COO) in addition to her current role as Chief Financial Officer (CFO). The company projects that participation in the CSDM framework may provide access to additional NATO cyber security opportunities in future periods, subject to future task order awards, competition among Contract Holders, customer demand, and other factors.

GMEX Robotics Corporation to Launch 247meta.ai Multi-Model Platform for Autonomous Enterprise and Consumer Workflows

(NASDAQ:GMEX) GMEX Robotics Corporation announced that its multi-agent orchestration platform, 247meta.ai, has entered final testing ahead of a planned global commercial rollout in late September 2026. The platform is purpose-built to serve both institutional enterprise clients and end-users, delivering a 24/7 digital workforce powered by an agnostic, multi-model infrastructure. 247meta.ai integrates leading commercial and open-weight architectures and leverages Artificial Social Intelligence (ASI) to adapt communication styles in real time. Key platform capabilities include multi-model infrastructure agnosticism, continuous cross-border execution, high-capacity behavioral memory, and an integrated cognitive system. The platform is expected to officially open for global commercial deployment at the end of September 2026. GMEX is advancing robotics applications across consumer, hospitality, and commercial environments. The company projects strategic, technological, and commercial benefits from the adoption of 247meta.ai.

CyBeats Technologies Corp. Introduces RAVEN, the Agentic AI Intelligence Layer Enabling Software Supply Chain Security

(CSE: CYBT) (OTCQB: CYBCF) CyBeats Technologies Corp. announced RAVEN, an agentic AI intelligence layer for SBOM Studio that enables organizations to move beyond software visibility and toward automated, evidence-driven security decision making at the speed of AI. RAVEN builds on CyBeats' SBOM System of Record, applying agentic AI reasoning to help security teams rapidly understand which software vulnerabilities matter, why they matter, and what actions should be taken to mitigate or remediate the risks. RAVEN is designed around enterprise governance, performing vulnerability analysis securely against the organization's governed software inventory while sensitive source code and intellectual property remain within the customer's environment. RAVEN integrates with customers' existing agentic AI infrastructure, preserving control over models, data, and execution while delivering predictable operating costs. RAVEN is currently available as an intelligence layer for CyBeats SBOM Studio. SBOM Studio provides the governed memory of the software supply chain, while RAVEN delivers the intelligence needed to help organizations prioritize risk, accelerate incident response, and satisfy increasingly demanding regulatory requirements. The company projects that RAVEN will help organizations strengthen cybersecurity, accelerate compliance, and secure complex software supply chains.

Red Violet Announces Pricing of $100 Million Underwritten Public Offering of Common Stock

(NASDAQ: RDVT) Red Violet, Inc. announced the pricing of its underwritten public offering of 1,666,667 shares of its common stock at a public offering price of $60.00 per share. The gross proceeds to red violet from the Offering, before deducting underwriting discounts and commissions and offering expenses payable by red violet, are expected to be $100 million. The Offering is expected to close on August 7, 2026, subject to customary closing conditions. Red violet has granted the underwriters a 30-day option to purchase up to an additional 250,000 shares of common stock at the public offering price, less the underwriting discounts and commissions. Raymond James and Needham & Company are acting as joint book-running managers and representatives of the underwriters for the Offering, while B. Riley Securities and Craig-Hallum are acting as co-managers. A shelf registration statement on Form S-3 relating to the shares of common stock offered in the Offering was previously filed with the U.S. Securities and Exchange Commission on November 19, 2025, and declared effective by the SEC on November 25, 2025. The company projects that the net proceeds from the Offering will be used for working capital and general corporate purposes, including potential strategic acquisitions.

Expanded Growth Opportunity on G-Cloud 15

(AIM:SWG) Shearwater Group plc announced that its subsidiaries Brookcourt Solutions and Pentest Limited have both secured positions on G-Cloud 15, the UK Government's enlarged procurement framework for cloud-based software, hosting and support services. Brookcourt has increased the number of approved technologies and specialist services available through G-Cloud by c.77%, from 31 on G-Cloud 14 to 55 on G-Cloud 15. As previously announced, Brookcourt has already converted its G-Cloud 14 position into new business, most recently securing a c.£1m contract expansion with a central Government department in December 2025 for the provision of threat intelligence services. Pentest Limited has also secured independent G-Cloud approval across a range of specialist cybersecurity services, including cloud support service, security strategy, audit quality assurance and red teaming. Shearwater's internally developed artificial intelligence platform played an important role in the submission process, assisting the Group's technical and commercial teams in preparing, structuring and validating submissions. The company projects that the expanded portfolio increases Brookcourt's visibility across a broader range of procurement categories and customer requirements within the public sector procurement process. The combined capabilities of Brookcourt, Pentest, SecurEnvoy and Xcina enhance Shearwater's ability to support public sector organisations with a comprehensive range of cybersecurity, identity, assurance and advisory services.

Inspired Entertainment Reports Second Quarter 2026 Results

(NASDAQ: INSE) Inspired Entertainment, Inc. reported second quarter revenue of $60.8 million, representing a 6% sequential increase despite the higher UK remote gaming duty introduced April 1. The company achieved net operating income of $9.9 million, net income of $0.2 million, and adjusted net income of $1.5 million, with adjusted EBITDA of $27.1 million, up 14% from the prior quarter and a company-record 45% adjusted EBITDA margin. Retail Solutions revenue was $36.2 million, Virtual Sports $8.9 million, and Interactive $15.7 million for the quarter, with Interactive revenue and adjusted EBITDA increasing 15% and 13% year-over-year, respectively. Inspired repaid $10.0 million of senior secured notes principal and repurchased approximately $2.6 million of common stock in the quarter, with year-to-date debt repayment over $23 million and 707,225 shares repurchased for $5.2 million. The company projects a strong second half of 2026 driven by a pipeline of product launches and geographic expansion, reiterates its FY2026 adjusted EBITDA target range of $112 million to $118 million, and updates its free cash flow conversion outlook to 20%+. Inspired is live in the newly regulated Alberta gaming market and signed a four-year contract extension with Paddy Power and a three-year extension with Mecca Bingo. The Malta Lottery launched several Virtual Sports channels via Inspired’s Streamed to Venue solution, now live in over 160 venues in Malta and Gozo.

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