TECH BULLETIN

Friday, June 12, 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

Datasea Intelligent Technology Ltd. Announces Advancement of Compliance Work and Related Procedures for U.S. FDA Establishment Registration and Device Listing for Its Acoustic Brain-Computer Interface Product

(NASDAQ:DTSS) Datasea Intelligent Technology Ltd. announced that the Company is advancing compliance work and related procedures required for U.S. Food and Drug Administration ("FDA") establishment registration and device listing for one of its acoustic brain-computer interface ("BCI") products. The Company has submitted its Dun & Bradstreet Data Universal Numbering System ("DUNS") application, which is one of the administrative steps that support future FDA-related registration activities. The product integrates four core capabilities: acoustic stimulation, bone-conduction neuromodulation, EEG signal acquisition and AI-assisted health management. The Company has not obtained FDA clearance or approval for commercial distribution of the product in the United States. The Company will implement a systematic strategy to advance the preparatory compliance work required for U.S. FDA establishment registration and device listing, including the DUNS application, establishment registration documentation preparation, device listing documentation preparation, technical documentation preparation, product testing, regulatory communication and subsequent related procedures. The Company cautions that FDA-related procedures are subject to uncertainties relating to review timelines, regulatory requirements and review outcomes. The Company will update investors and the market regarding material progress in accordance with applicable disclosure requirements.

EVA Live Increases Ownership Interest to 51% in Spiro Senior Living Following Successful Launch of Initial Healthcare and Technology Operations Tapping 1.3 Trillion Dollar Industry

(NASDAQ:GOAI) EVA Live, Inc. announced it has reached terms for a definitive agreement under which EVA will hold a 51% ownership interest across Spiro Senior Living and related operating entities, subject to final documentation expected to be completed on or about July 1. The transaction establishes EVA’s controlling interest in Spiro Senior’s healthcare operations, technology platform, digital infrastructure, and future growth initiatives. Spiro Senior has opened its first three senior healthcare facilities and is actively expanding through its relationship with Meridian Senior Living. Currently all three facilities are treating patients daily and the business is generating revenue exceeding expectations. The platform is expected to generate recurring revenue through software subscriptions, healthcare integrations, and digital care services. Management expects continued facility expansion on a recurring basis, creating a scalable pathway for national growth. The partnership with EVA Live through equity compensation reflects Spiro Senior's strong belief in GOAI and its long-term potential.

Securitize Expands STAC, Tokenized AAA CLO Fund, to Solana

(NASDAQ: CEPT) Securitize, Inc. announced that Ethena Labs plans to allocate $250 million to the Securitize Tokenised AAA CLO Fund (STAC), marking one of the largest commitments to tokenized structured credit on the Solana ecosystem to date. The STAC fund is dedicated to AAA-rated collateralized loan obligations (CLOs) and was developed in collaboration with BNY, which serves as custodian and sub-adviser through BNY Investments. Securitize has $4B+ AUM (as of April 2026) and operates through affiliates such as Securitize Markets, LLC, Securitize Transfer Agent, LLC, Securitize Capital LLC, and Securitize Fund Services, LLC. Global CLO issuance exceeds $1.3 trillion as of September 30, 2024, according to Bank of America Global Research. The special meeting of CEPT Shareholders to approve the Business Combination is scheduled for June 29, 2026, and, if approved, the Business Combination is expected to close shortly thereafter. The combined company, Securitize Corp., is expected to become publicly listed on NYSE under the ticker symbol "SECZ". The company projects that the expansion of STAC to Solana will bring one of the largest fixed-income markets in the world onto one of the most active blockchain ecosystems.

Paragon Advanced Labs Agrees to Settle Debt Through Strategic Debt-to-Equity Conversion

(TSXV:PALS) Paragon Advanced Labs Inc. announced that it has agreed to settle outstanding indebtedness through the issuance of common shares of the Company (the "Debt Settlement"). Under the Debt Settlement, the Company will settle the face value of USD $2,000,000 together with accrued amounts of the secured promissory note issued in connection with the Paragon Geochemical acquisition, through the issuance of 1,356,135 common shares at a deemed price of C$2.42 per share. The conversion is being completed at the election of the creditor. Following the completion of the Debt Settlement (including existing common shares held), the creditor will hold approximately 6% of the Company's issued and outstanding common shares. The Debt Settlement remains subject to the acceptance of the TSX Venture Exchange and to compliance with applicable securities laws. Paragon Advanced Labs Inc. is a geochemical analytical testing company building a network of laboratories equipped with Chrysos PhotonAssay™ technology.

EXL and Databricks Expand Collaboration to Help Enterprises Build Trusted Data Foundations for AI

(NASDAQ:EXLS) EXL, a global data and AI company, announced it has achieved Gold Tier Status in the Databricks Partner Program, expanding its collaboration with Databricks. EXLdata.ai and Databricks’ security, governance and lineage capabilities are being used to help organizations strengthen their data foundations for enterprise AI. EXL is helping enterprises adopt Databricks Bring Your Own Lineage capabilities, enabling organizations to connect and govern data across platforms while preserving existing technology investments. EXL will showcase these capabilities at the Databricks Data + AI Summit on June 15-18. The company has approximately 67,000 employees spanning six continents. EXL was founded in 1999 and is headquartered in New York. The company cautions that forward-looking statements in the press release are subject to numerous uncertainties and factors relating to EXL's operations and business environment.

49North Releases Global Procedure Designer, a Proven Instrument Flight Procedure Design Solution Refreshed for Compliance With Latest Regulations

(TSX: MDA) (NYSE: MDA) — 49North, a wholly owned subsidiary of MDA Space Ltd., announced a significant refresh of its Global Procedure Designer (GPD) software tool for instrument flight procedure (IFP) design. The updated GPD aligns with the latest regulatory criteria and data standards, supporting procedure design in accordance with ICAO PANS-OPS, FAA TERPS, Transport Canada TP308, and NATO MIPS criteria. GPD has been used to design tens of thousands of conventional and RNAV procedures and is deployed by defence organizations, including the United States Department of War and NATO members, as well as major air navigation service providers. The platform supports industry standards such as AIXM 5.1 and generates outputs required for validation, flight inspection, and publication, including ARINC-424 coding and digital geometry products. The refresh is designed to ensure continued compliance with evolving international regulations and foundational data requirements. The solution automates complex calculations and continuously validates procedures against current criteria and datasets. The company projects anticipated adoption and continued use by defence and aviation customers, as well as future enhancements and development of the platform.

OPENLANE Appoints Kelly Tuminelli and David Hult to Board of Directors

(NYSE: OPLN) OPENLANE, Inc. announced the appointment of Kelly Tuminelli and David Hult to its Board of Directors. Tuminelli brings more than three decades of senior financial leadership at publicly traded financial services and technology companies including TriNet Group, Genworth Financial and General Electric. Hult brings more than 30 years of retail automotive industry experience and leadership with dealership groups including RLJ McLarty Landers, Group 1 Automotive, Penske Automotive Group and IRA Motor Group, and currently serves as Executive Chairman of Asbury Automotive Group. OPENLANE is a leading operator of digital marketplaces for wholesale used vehicles and is headquartered in Carmel, Indiana. The company connects automotive manufacturers, dealers, rental companies, fleet operators, captive finance and lending institutions as buyers and sellers. OPENLANE has employees across the United States, Canada, Uruguay and the Philippines. The company states that the new directors will help guide OPENLANE as it continues advancing its growth strategy and extending its market leadership.

Vertiv Completes Acquisition of ThermoKey, Expanding Heat Rejection Portfolio for AI Data Centers

(NYSE: VRT) Vertiv announced the completed acquisition of ThermoKey S.p.A., a leading provider of heat rejection and heat-exchange technologies. The acquisition expands Vertiv's thermal management portfolio and manufacturing capabilities, particularly in Europe, Middle East, and Africa (EMEA), and strengthens its ability to deliver system-level solutions across the full thermal chain for AI factories and high-density data centers. ThermoKey brings more than 30 years of engineering expertise, in-house design and production capabilities to support its customers and markets. Vertiv currently uses ThermoKey's technologies in select thermal solutions. The ThermoKey Rivarotta, Italy, operations will continue to be a key hub for manufacturing, engineering, and support. Giuseppe Visentini, CEO of ThermoKey, will continue to lead the business, providing continuity for employees, partners, and customers. The company projects that ThermoKey joins Vertiv on a path of sustained growth, and from Italy will continue to build on that momentum and contribute to the strength of the group across EMEA and around the world.

InterDigital Declares Regular Quarterly Cash Dividend

(NASDAQ:IDCC) InterDigital, Inc. announced that its Board of Directors has declared a regular quarterly cash dividend of $0.70 per share on its common stock. The dividend is payable on or about July 22, 2026, to shareholders of record at the close of business on July 8, 2026. InterDigital is a global research and development company focused primarily on wireless, video, artificial intelligence (“AI”), and related technologies. The company licenses its innovations worldwide to companies providing products and services such as wireless communications devices, consumer electronics, IoT devices, cars and other motor vehicles, and providers of cloud-based services such as video streaming. InterDigital engineers have designed and developed innovations used in wireless products and networks, from the earliest digital cellular systems to 5G and today’s most advanced Wi-Fi technologies. The company is also a leader in video processing and video encoding/decoding technology, with a significant AI research effort. InterDigital was founded in 1972 and is listed on Nasdaq.

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