Day: July 20, 2024

HYTN Completes Acquisition of Prism Scientific Labs, Enhancing Psychedelic Compound Manufacturing Capabilities

Written by Customer Service on . Posted in Mergers And Acquisitions.

VANCOUVER, British Columbia, July 19, 2024 (GLOBE NEWSWIRE) — HYTN Innovations Inc. (CSE: HYTN | FSE: 85W0) “HYTN” or “The Company”, a leader in the development, formulation, and manufacturing of psychoactive and psychotropic compounds, including cannabis and psilocybin, is pleased to announce, further to its news release dated June 13, 2024, the completion of its acquisition (“Acquisition”) of all of the issued and outstanding share capital of Prism Scientific Labs Inc. (Prism), a company focussed on the research and development of psychedelic and psychoactive compounds, with a particular emphasis on enhancing tryptamine yields in psychedelic mushrooms. This strategic acquisition grants HYTN exclusive access to Prism’s suite of intellectual property, including, most significantly, its license (“License”)...

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Velocium, Inc., a High Performance Compute Company Optimized for AI, to go public on Nasdaq via Merger with Maquia Capital Acquisition Corp.

Written by Customer Service on . Posted in Public Companies.

Velocium is installing advanced computing capacity based on revolutionary high efficiency, high performance compute and AI- focused Velocium processing units (“VPUs”). Velocium eliminates idle capacity in an industry that’s grown exponentially and will continue to do so for the next decade. While also being dramatically more energy efficient than traditional data centers, Velocium aims to reduce latency for its customers and will go Public on Nasdaq via a Merger with Maquia Capital Acquisition Corp. Velocium’s processing units (VPUs) feature high density compute capacity and will address the growing demand driven by AI, HPC, and big data, by employing faster and more energy efficient AI infrastructure. VPUs significantly lower expenses for Velocium and its customers. Velocium has negotiated a supply framework for a revolutionary universal...

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