TECH BULLETIN

Tuesday, August 18, 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

Meraki Acquisition One, Inc. and MeetAmi Innovations Inc. Announce Proposed Qualifying Transaction

(TSXV: MRKI.P) Meraki Acquisition One, Inc. announced that it has entered into a letter of intent dated August 18, 2026 with MeetAmi Innovations Inc. outlining the principal terms and conditions of a business combination of the two companies. The Proposed Transaction will be a reverse takeover of Meraki by MeetAmi and its shareholders, resulting in MeetAmi becoming a wholly-owned subsidiary of Meraki or otherwise combining its corporate existence with a wholly-owned subsidiary of Meraki. Trading in the common shares of Meraki has been halted as a result of the announcement of the Proposed Transaction. It is anticipated that the reporting issuer resulting from the Proposed Transaction will qualify as a Tier 2 technology issuer pursuant to the requirements of the Exchange. Holders of the issued and outstanding common shares of MeetAmi will exchange their MeetAmi Shares for post-consolidated common shares of the Resulting Issuer on the basis of one Resulting Issuer Share for every two MeetAmi Shares. In connection with the Proposed Transaction, MeetAmi will complete a private placement of subscription receipts for aggregate gross proceeds of up to $2,800,000. MeetAmi also intends to convert outstanding debt in the aggregate amount of $6,797,962.35 into MeetAmi Shares, which will result in an aggregate of 15,106,583 Resulting Issuer Shares at a price of $0.45 per share on completion of the Proposed Transaction.

Tribal Partners With ServiceNow

(LSE/AIM:FNEWS) Tribal today announced their partnership with ServiceNow to launch Tribal for ServiceNow. When Tribal announced its $10 million seed round in May, expanding to ServiceNow was a strategic roadmap priority shaped by strong demand from CIOs. Just thirteen weeks later, ServiceNow support is live, advancing Tribal’s cross-platform reach across the enterprise’s most critical systems. Tribal’s Metadata Fabric creates a shared, dependency-aware understanding of an enterprise across its systems of record. The result: development backlogs cleared up to 10x faster, maintenance costs reduced by up to 80%, and AI solutions that compliance and IT leaders can trust from day one. Tribal for ServiceNow is live as of August 2026. Tribal is an enterprise-native AI platform founded by Salesforce, Wix, and Spot.io veterans.

Borderless.xyz Deepens Africa Coverage

(LSE/AIM:FNEWS) Borderless.xyz announced that CrissCross is live on its network as a Partner Financial Institution (PFI), expanding stablecoin on/offramp coverage across Africa. African corridors are among the network's most active, with South Africa, Nigeria, and Ghana already ranking among its top routes. CrissCross adds local depth across the continent, available immediately to Borderless.xyz customers through their existing API integration. CrissCross runs direct integrations into local bank networks and more than 15 mobile money operators. CrissCross's reach into Francophone West and Central Africa covers eleven countries running on operators in markets where most provider coverage stops at the border. Its merchant-of-record model lets businesses operate across the region, and into Egypt and the UAE, without carrying local entity and licensing requirements themselves. Borderless.xyz's network currently connects wallet infrastructure to 15+ locally-licensed stablecoin providers across 100+ countries and 75+ fiat currencies.

Independent University of South Florida Study Shows Verra Mobility School Zone Speed Safety Programs Reduced Speeding Violations by 97%

(NASDAQ: VRRM) Verra Mobility Corporation announced the findings of an independent study conducted by researchers at the University of South Florida's Center for Urban Transportation Research (CUTR), demonstrating that school zone speed safety programs reduced speeding violations by 97% at participating Florida school zones. The research was funded by the Florida Department of Transportation (FDOT) and evaluated Verra Mobility-operated school zone speed safety programs in the City of St. Cloud and Osceola County. Across 18 school zone speed cameras, researchers found total speeding violations dropped from 3.47% of passing vehicles to just 0.09%. Researchers also found that warnings alone reduced violations by 93%. The study further found that severe speeding (16+ mph or more over the speed limit) declined from 74% to 45%. At BridgePrep Academy in Osceola County, one camera location recorded an 80% high-speeding rate before the program began and reached zero during both the warning and citation periods. The company now supports automated safety programs in more than 300 communities.

AITX's RAD Builds Momentum With Third Order From Property Management Client

(OTC:AITX) Artificial Intelligence Technology Solutions, Inc. announced an order for five additional ROSA stationary security units from a prominent regional property management firm serving multifamily residential communities in the Midwest. This marks the client's third order and brings the total number of ROSA units ordered to nine. The client began its RAD relationship with an initial order for two ROSA units in December 2025, followed by an order for two additional units in June 2026. The five ROSA units are expected to be deployed in the coming weeks, joining four units already in service at the client's multifamily residential properties. Effective May 1, 2026, SARA (Speaking Autonomous Responsive Agent) became standard with every ROSA deployment. RAD has published seven Case Studies detailing how ROSA has helped eliminate instances of theft, trespassing and loitering at construction sites, mobile home parks, retail centers, hospital campuses, and multi-family communities across the country.

HawkEye 360 Awarded NRO Commercial RF Capability Augmentation Contract

(NYSE: HAWK) HawkEye 360, Inc. announced it has been awarded a contract under the National Reconnaissance Office's Commercial Radio Frequency Capability Augmentation (CRFCA) program. Under the contract, HawkEye 360 will provide commercial radio frequency (RF) data in support of U.S. national security missions. This award marks an important transition for HawkEye 360, moving the company to a more operational, production contract. HawkEye 360 has become the first commercial provider to move from test‑and‑evaluation efforts into an operational augmentation contract through the CRFCA program. The contract further expands the company's support to the NRO's intelligence, surveillance, and reconnaissance mission. HawkEye 360's space-based RF collection provides insights to help inform awareness and understanding across a range of operating environments. Through the CRFCA program, HawkEye 360 will provide RF data that assists government users with operational awareness and mission planning.

Commvault Advances AI and Cloud Application Resilience With Expanded Cloud Rewind Coverage

(NASDAQ:CVLT) Commvault announced advancements to Cloud Rewind, expanding Microsoft Azure resource coverage for configuration protection and recovery. This expansion broadens Azure protection by 3X, now covering 62% of enterprise-relevant Azure resource types available in the market. According to Absolute Security's 2026 State of Enterprise Cyber Resilience report, 57% of enterprises said recovery from a cyberattack took more than 4.5 days on average. Cloud Rewind continuously discovers cloud resources, maps application dependencies, and orchestrates the recovery and rebuild of cloud applications from a single platform. Organizations can validate recovery readiness through application recovery simulations, including within isolated, air-gapped environments, before an incident occurs. Cloud Rewind is available today as an add-on workload within Commvault Cloud for cloud application protection and app-centric recovery. Expanded Azure protection is targeted for availability in the coming months.

OCAL Financial Describes CBIS, the System That Runs Its Operations and Data

(TSXV: OCAL) OCAL Financial Inc. described CBIS, the centralized system that runs its operations and holds its data, as core infrastructure rather than back-office software. The first version of CBIS has run the business since 2023, through more than a thousand funded deals. A larger version is in development as part of the Company's technology roadmap, with a plan to roll it out across partner channels over time. OCAL Financial Inc. is an asset-light, AI-native virtual automotive dealership and vehicle-finance platform operating remotely and licensed in British Columbia and Alberta. OCAL sources each vehicle only after a customer is approved, drawing on the OPENLANE auction network and select partners. OCAL earns revenue from vehicle sales and related finance and protection products, and does not hold consumer loans or assume credit-default risk. The company plans expansion into Ontario, Quebec, and the U.S. market (Washington, Arizona, and Nevada).

MySize's Naiz Fit Surpasses 500 Million Size Recommendations as AI Fashion Platform Expands Into Virtual Try-On

(NASDAQ: MYSZ) MySize, Inc., a global provider of AI-driven retail technology solutions, highlighted the continued expansion of its Naiz Fit business, building on its position in global Size & Fit technology to develop a broader technology platform serving fashion brands across e-commerce, retail, product and strategy. Naiz Fit's technology has generated more than 500 million size recommendations to date, serving more than 10 million users and connecting with more than 100 million garments across more than 100 apparel brands. In selected previous customer deployments, the company has observed results including conversion increases of up to 5.7x, AOV increases of up to 27% and return reductions of up to 14%, depending on the customer, implementation and use case. The company's growing international customer footprint includes globally recognized fashion brands such as Levi's, Desigual, Paul & Shark, and Silbon. Naiz Fit has expanded its product offering into Virtual Try-On, which has already been deployed with several customers, including Spanish menswear brand Silbon. MySize, Inc. is a global leader in omnichannel e-commerce platforms and AI-driven sizing solutions, including MySizeID and Naiz Fit. Ronen Luzon is CEO of MySize, Inc.

Rocket One Launches Swarm Stage AI Drone-Swarm Threat Emulation Platform for U.S. Military Counter-UAS

(NASDAQ:RKTO) Rocket One Inc., a technology company focused on next-generation defense, space and advanced computing technologies, announced the launch of Swarm Stage AI, a large-scale drone-swarm threat-emulation platform being made available to U.S. military and defense organizations for counter-unmanned aircraft system ("C-UAS") training, testing and evaluation. Swarm Stage AI is built upon commercially proven swarm-coordination technology that has been used to coordinate thousands of synchronized aircraft. The underlying Swarm Stage technology includes a library of more than 2,500 field-tested formations and flight assets. Swarm Stage AI is designed, developed, and operated in the United States. Rocket One is making Swarm Stage AI available for capabilities briefings, demonstrations, evaluations and potential collaborations with U.S. military organizations, government agencies, defense contractors, counter-UAS developers and authorized test and training facilities. The Company holds exclusive rights to certain technologies, including a nanomagnetic matrix multiplier architecture intended as a hardware accelerator for machine learning and AI workloads, and related magnetic memory technology with potential applications in radiation-tolerant computing for defense and space systems. The Company's biotechnology pipeline, including, but not limited to, HT-001, HT-KIT, HT-ALZ, and its GDNF-based metabolic program, will continue to be advanced under a wholly owned subsidiary.

Tenet Receives First Royalty Payment From Chinese Subsidiary

(CSE:PKK) Tenet Fintech Group Inc. announced that it received the first royalty payment of approximately CAD$110,000.00 from one of its Chinese operating subsidiaries related to the rights granted to the subsidiary to use and operate the Company's platforms in China. All of Tenet's Chinese operating subsidiaries either use or operate platforms belonging to the Company as part of their revenue generating activities, for which the subsidiaries must either pay royalty or service fees to Tenet. After careful assessment of the financial position of one of the Company's subsidiaries following the end of the second quarter of 2026, Tenet decided that the time had come and asked the subsidiary to begin the process of sending royalty payments to the Company's head office in Canada. The cash repatriation from China to Canada was also meant to test of the repatriation process itself under the royalty payment model, including the length of time associated with the process to allow for better planning of the Company's future cash requirements. Tenet has plans to also test the cash repatriation process under the service fee payment model later this year and to implement a quarterly subsidiary royalty/service fee payment policy as of the end of the third quarter of 2026.

Cypherpunk Technologies Launches World's Largest Zcash Mining Fleet

(NASDAQ:CYPH) Cypherpunk Technologies Inc. announced the launch of Cypherpunk Mining, now the largest Zcash mining fleet in the world, through a $33.33 million equity-based transaction with Winklevoss Capital. The fleet is online today, with approximately 4.2 GSol/s of Equihash hashrate deployed across the United States, representing approximately 18% of the total Zcash network. Cypherpunk Mining accesses an addressable market valued at over $250 million per year at current ZEC prices. Cypherpunk currently holds 323,394.38 ZEC, representing approximately 1.92% of the circulating supply. The aggregate purchase price of $33.33 million was paid for by the issuance of a pre-funded warrant to Winklevoss Treasury Investments, LLC to purchase 43,290,042 shares of common stock of Cypherpunk at an exercise price of $0.001 per share, reflecting a Cypherpunk common stock purchase price of $0.77 per share. Kevin Zhang joins Cypherpunk as Head of Mining. Approximately 1,440 ZEC is awarded to miners each day, making Zcash mining highly profitable.

VNET Reports Unaudited Second Quarter 2026 Financial Results

(NASDAQ:VNET) VNET Group, Inc. announced its unaudited financial results for the second quarter ended June 30, 2026, reporting total net revenues of RMB2.78 billion (US$409.5 million), a 14.2% year-over-year increase. Net revenues from the wholesale IDC business increased by 29.3% year-over-year to RMB1.10 billion (US$162.8 million), while adjusted EBITDA (non-GAAP) rose by 25.4% year-over-year to RMB918.3 million (US$135.3 million). Adjusted net income (non-GAAP) was RMB7.4 million (US$1.1 million) in the second quarter of 2026, compared with an adjusted net loss of RMB53.6 million in the same period of 2025. Wholesale capacity in service increased by 49.4% year-over-year to 1,007MW as of June 30, 2026, and the company secured a 345MW wholesale order from a leading cloud service provider in the second quarter, bringing total wholesale order wins to 862MW year-to-date. VNET signed a strategic cooperation agreement with Contemporary Amperex Technology Co., Limited to jointly develop a three-layer integrated compute-energy ecosystem. For the full year of 2026, the company expects total net revenues to be in the range of RMB11.5 billion to RMB11.8 billion and adjusted EBITDA (non-GAAP) to be in the range of RMB3,550 million to RMB3,750 million.

VNET Announces Strategic Cooperation With CATL

(NASDAQ:VNET) VNET Group, Inc. also announced that it has entered into a strategic cooperation agreement with Contemporary Amperex Technology Co., Limited (CATL). Under the Strategic Cooperation Agreement, VNET and CATL will establish a partnership to deepen compute-energy integration by synergistically combining VNET's leadership in large‑scale computing infrastructure development and operations with CATL's expertise in zero‑carbon new energy technologies. The parties plan to jointly develop a three‑layer integrated compute-energy ecosystem comprising gigawatt‑scale compute-energy facilities, distributed compute-energy networks, and a zero‑carbon token ecosystem. VNET operates in more than 30 cities throughout China, servicing a diversified and loyal base of over 7,000 hosting and related enterprise customers. VNET provides hosting and related services, including IDC services, cloud services, and business VPN services. Customers may locate their servers and equipment in VNET's data centers and connect to China's internet backbone.

Baidu Announces Second Quarter 2026 Results

(NASDAQ:BIDU, HKEX:9888) Baidu, Inc. announced its unaudited financial results for the second quarter ended June 30, 2026. Revenue from Baidu Core AI-powered Business reached RMB 12.5 billion and continued to account for half of Baidu General Business revenue. Operating cash flow for Baidu remained positive for the fourth consecutive quarter, reaching RMB 3.4 billion in the second quarter. Baidu has returned US$259 million to shareholders since the beginning of Q1 2026 through repurchases of its shares under the current share repurchase program. Revenue from AI Cloud Infra was RMB 7.3 billion in the second quarter of 2026, up 50% year over year. Revenue from GPU Cloud increased by 283% year over year in the second quarter of 2026. Baidu App's MAUs reached 644 million in June 2026.

Huddled Group: Launch of Proprietary Live Commerce Software & JV

(AIM: HUD) Huddled Group plc announces the launch of its proprietary live-commerce technology and the formation of a joint venture with AEWW Limited, operator of the AE Stores channel on Whatnot. Huddled has developed software intended to address a key constraint in scaling live commerce: the coordination of stock, orders and fulfilment across multiple sellers and platforms. The system connects third-party live-commerce sellers to Huddled's centralised stock pool and fulfilment infrastructure. Huddled has entered into a joint venture with AEWW to accelerate growth in live auctions under the Peeko brand. AEWW, which was incorporated in March 2026, has grown its AE Stores following on Whatnot to 36.5k in under six months. Current dwell times (time a consumer spends on site) are circa 90 minutes on this platform compared to only a few minutes on traditional e-commerce platforms.

CyberCatch Announces Signing of Definitive Agreement for Datavault AI to Acquire the Company in All-Cash Transaction

(TSXV:CYBE) (OTCQB:CYBHF) CyberCatch Holdings, Inc. signed a definitive arrangement agreement with Datavault AI Inc. (NASDAQ: DVLT) for Datavault AI to acquire 100% of CyberCatch in an all-cash transaction valued at USD $94,500,000. CyberCatch shareholders will receive approximately USD $3.22 in cash for each CyberCatch Share held. All outstanding CyberCatch stock options will be cancelled in exchange for a cash payment equal to the amount by which USD $3.22 exceeds the exercise price, and all outstanding warrants will be cancelled with no consideration. Datavault AI has agreed to lend CyberCatch USD $500,000 as a secured bridge loan at 5% per annum interest, maturing on the earlier of closing, default, or thirty business days after termination. The transaction includes a termination fee provision of USD $4,016,250 and an expense reimbursement provision of up to USD $1,000,000 payable to Datavault AI if the transaction is terminated in certain circumstances. The Arrangement has been unanimously approved by the boards of both companies and is subject to shareholder, court, and TSXV approval. Upon closing, CyberCatch is expected to operate as a subsidiary of Datavault AI from San Diego, California, with Sai Huda serving as President of the subsidiary and reporting to Nathaniel T. Bradley, CEO of Datavault AI.

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