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Backpack Raises $17 Million Strategic Series A Round Led by Placeholder VC

Backpack

The Backpack ecosystem of companies, creators of the Backpack wallet, the Mad Lads NFT collection, and Backpack Exchange, today announced the first joint closing of their $17 million strategic Series A round at a $120 million combined valuation. The round was led by Placeholder VC, with participation from a select group of other strategic investors including Hashed, Robot Ventures, Amber Group, Wintermute, Selini Capital, Delphi Digital, and founders of leading web3 ecosystems such as Solana, Tensor, Jito, Zeta, Marginfi, Drift, Monad, Galxe, and other influential supporters worldwide. Armani Ferrante, CEO of Backpack commented on the news: “The history of finance is littered with scandals, but Backpack is doing things differently. Over the past year, we've set the foundation to build a crypto-native financial institution, and with the conclusion of this round, with trust minimization and compliance as foundational principles, we begin a new chapter for ourselves and, hopefully, for the rest of the industry.” The Backpack ecosystem comprises several products and services, including the popular Backpack noncustodial wallet, Backpack Exchange, a fully regulated global cryptocurrency exchange with industry-leading speed, security and functionalities, and Mad Lads, currently the top NFT community in the Solana ecosystem. Backpack is also the creator and developer of Anchor, the Solana smart contract framework, the executable NFT (xNFT) token standard, and others. Backpack’s strategic fundraising was led by Placeholder VC. “We’ve been impressed with Backpack’s ability to not only deliver high-quality applications, but also build a strong community around their ecosystem,” said Joel Monegro, General Partner at Placeholder VC. “After building a relationship with the team over the past year, we’re convinced they have the skill, ambition and drive to create one of the most trustworthy global exchanges in the industry with a strong focus on performance, compliance, and auditability.” "The Backpack team is an all-star team that really understands the community with a focus on building compliant services. Their ability to create the best user experience is top notch, and the synergies within their ecosystem are evidenced by their strong track record of user acquisition within the industry to date." Baek Kim, General Partner at Hashed said. "We are very excited to work with the team and resonate deeply with their compliance standpoint in terms of being optimally regulated and entering the mainstream of the global financial infrastructure." The round also attracted strong interest from other leading web3 ecosystem players. “The Backpack team is a great example of what happens when crypto natives are also strong builders. They understand that crypto is not just the underlying technology, it is also the culture that forms around it,” said Evgeny Gaevoy, founder of Wintermute, one of the largest liquidity providers in digital assets, “For me, Backpack is having the success I would expect, when a team figures out the intersection of tech and culture. I’m excited to see them continue to grow.” Backpack’s fundraising was applauded by the Solana ecosystem as well. “Backpack has not only pioneered exceptional products such as the Backpack Wallet but has also cultivated a remarkable community through the Mad Lads. Armani and the Backpack team have exemplified what it means to focus on great products and user experiences and iterate relentlessly,” said Anatoly Yakovenko, founder of Solana Labs, “Watching Backpack build a global exchange that stands out for its user experience and trustworthiness has been truly inspiring.” About Backpack Wallet Backpack Wallet is an all-in-one web3 app that functions as a noncustodial wallet, allowing users to buy, hold, sell, and transfer cryptocurrencies, as well as interact with xNFTs, a popular NFT standard that tokenizes applications. Backpack Wallet is also the creator of Mad Lads, the top NFT collection in the Solana ecosystem. For additional information on Backpack Wallet, visit https://www.backpack.app/. About Backpack Exchange Backpack Exchange is a fully regulated global cryptocurrency exchange innovating to provide an exciting, fun, and easy-to-use trading platform for both experienced and new web3 users worldwide. For more information, visit backpack.exchange. Twitter https://twitter.com/Backpack Youtube https://www.youtube.com/@BackpackExchange LinkedIn https://www.linkedin.com/company/backpackexchange/ Contact Details Backpack Qimei Luo press@backpack.exchange

February 28, 2024 08:58 AM Eastern Standard Time

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Nestle Brands Reinforce Commitment to Esports Through New Sponsorship Deals

MarketJar

Maggi, one of Nestle’s billion-dollar brands, and its oriental noodles brand Fusian continue their support for the esports industry by extending their sponsorship with GiantX. 1 This partnership, now entering its fourth year, solidifies Maggi Fusian as the official partner of one of Europe's most popular and successful esports teams, GiantX. GiantX, formed from Giants Gaming and Excel Esports' merger in December 2023, is a major player in esports, excelling in various video game titles. It's a key founder of two major leagues - League of Legends EMEA Championship (LEC) and Valorant Champions Tour EMEA (VCT) by Riot Games. With headquarters in London, Malaga, and Berlin, GiantX has amassed over 23 million fans in Europe. Maggi Fusian's involvement in esports began in 2021 and has since become a recognized brand in the sector alongside GiantX. This partnership highlights Maggi Fusian's commitment to the esports community and its support for GiantX in their competitive endeavors. GiantX also signed a partnership agreement with KitKat, another Nestle company. In January, the partnership was renewed for an additional year. 2 As per the renewed partnership agreement, KitKat's logo will appear on the sleeve of player jerseys during both international and domestic competitions. Additionally, KitKat's branding will be showcased on GiantX's social media and streaming channels, including YouTube and Twitch, as well as other platforms where the team shares content. The collaboration will also involve the creation of original content. Another major player in the esports market is OverActive Media (TSXV:OAM) (OTC:OAMCF), an esports and entertainment company catering to today’s generation of fans. Over the last few months, OverActive Media has solidified its position as a major player in the esports world by acquiring two widely popular esports franchises, gaining new major sponsors and increasing both its audience engagement and viewership statistics across the leading streaming and social media platforms. Partnerships With Brands Drive Esports Growth Since adding KOI and Movistar Riders to its portfolio, OverActive Media has seen a significant uptick in viewership thanks to the popularity of the teams which have over 100 million dedicated followers and the social media cred of its co-founders Ibai Llanos, a world-leading Twitch streamer and former FC Barcelona football legend Gerard Piqué. OverActive Media has seen its viewer numbers soar in games like League of Legends, VALORANT, Counter Strike 2, and Call of Duty. The Mad Lions KOI team's performance, drawing a record 741,000 viewers in one match and 4.7 million Twitch views thanks to Ibai, has outshined even top TV show finales. In January, MAD Lions KOI and Movistars led the esports category in viewership and total engagements across major social media platforms in Europe and North America. It was also a top five brand globally during the same period. Their success continued with a historic 830,816 viewers for a single match, surpassing average NHL game viewerships. “Our ability to captivate a massive, global audience is pivotal to our success. The immediate surge in engagement and viewership after announcing the acquisitions highlights the strategic value of our operations and solidifies our leadership in the esports industry," said OverActive Media CEO Adam Adamou. "Merging our existing business with these acquisitions opens new vistas for viewer engagement. The enthusiastic response from our fans and partners reaffirms our direction and commitment.” The company has also bolstered its portfolio of noteworthy partnerships. On February 28, OverActive Media (TSXV:OAM) (OTC:OAMCF) announced a multi million dollar sponsorship with Telefónica, one of the largest telephone operators and mobile network providers in the world. Telefónica, which is a long-time partner of Movistar Riders, renewed its sponsorship for three years to the end of 2026. The expanded partnership includes select naming rights, brand visibility on team gear and products, and collaborative content development and marketing. In 2022, Telefónica took a minority stake in Movistar Riders. With the completion of these acquisitions, Telefónica will transition to becoming a shareholder in OverActive Media. Telefónica is the latest addition to OverActive Media ’s roster of partnerships which includes respected brands including Bell, who is also a shareholder of the company, as well as Kappa, Red Bull, TD, Razer, SCUF and AMD. Click here for more information about OverActive Media (TSXV:OAM) (OTC:OAMCF). [1] https://europeangaming.eu/portal/latest-news/2024/02/22/153417/maggi-renews-its-sponsorship-with-giantx/ [2] https://esportsadvocate.net/2024/01/giantx-renews-partnership-with-kitkat/ Disclaimer 1) The author of the Article, or members of the author’s immediate household or family, do not own any securities of the companies set forth in this Article. The author determined which companies would be included in this article based on research and understanding of the sector. 2) The Article was issued on behalf of and sponsored by, OverActive Media. Market Jar Media Inc. was paid $1,500 for the production and publishing of this article by OverActive Media’s Digital Marketing Agency of Record (Native Ads Inc.). Additional details relating to Market Jar Media Inc.’s engagement by OverActive Media’s Digital Marketing Agency of Record (Native Ads Inc.) are set out in https://pressreach.com/disclaimer-oam. 3) Statements and opinions expressed are the opinions of the author and not Market Jar Media Inc., its directors or officers. The author is wholly responsible for the validity of the statements. The author was not paid by Market Jar Media Inc. for this Article. Market Jar Media Inc. was not paid by the author to publish or syndicate this Article. Market Jar has not independently verified or otherwise investigated all such information. None of Market Jar or any of their respective affiliates, guarantee the accuracy or completeness of any such information. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security. Market Jar Media Inc. requires contributing authors to disclose any shareholdings in, or economic relationships with, companies that they write about. Market Jar Media Inc. relies upon the authors to accurately provide this information and Market Jar Media Inc. has no means of verifying its accuracy. 4) The Article does not constitute investment advice. All investments carry risk and each reader is encouraged to consult with his or her individual financial professional. Any action a reader takes as a result of the information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Market Jar Media Inc.'s terms of use and full legal disclaimer as set forth here. This Article is not a solicitation for investment. Market Jar Media Inc. does not render general or specific investment advice and the information on pressreach.com should not be considered a recommendation to buy or sell any security. Market Jar Media Inc. does not endorse or recommend the business, products, services or securities of any company mentioned on pressreach.com. 5) Market Jar Media Inc. and its respective directors, officers and employees hold no shares for any company mentioned in the Article. 6) This document contains forward-looking information and forward-looking statements, within the meaning of applicable Canadian securities legislation, (collectively, “forward-looking statements”), which reflect management's expectations regarding OverActive Media’s future growth, future business plans and opportunities, expected activities, and other statements about future events, results or performance. Wherever possible, words such as “predicts”, “projects”, “targets”, “plans”, “expects”, “does not expect”, “budget”, “scheduled”, “estimates”, “forecasts”, “anticipate” or “does not anticipate”, “believe”, “intend” and similar expressions or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved, or the negative or grammatical variation thereof or other variations thereof, or comparable terminology have been used to identify forward-looking statements. These forward-looking statements include, among other things, statements relating to: (a) revenue generating potential with respect to OverActive Media’s industry; (b) market opportunity; (c) OverActive Media’s business plans and strategies; (d) services that OverActive Media intends to offer; (e) OverActive Media’s milestone projections and targets; (f) OverActive Media’s expectations regarding receipt of approval for regulatory applications; (g) OverActive Media’s intentions to expand into other jurisdictions including the timeline expectations relating to those expansion plans; and (h) OverActive Media’s expectations with regarding its ability to deliver shareholder value. Forward-looking statements are not a guarantee of future performance and are based upon a number of estimates and assumptions of management in light of management’s experience and perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances, as of the date of this document including, without limitation, assumptions about: (a) the ability to raise any necessary additional capital on reasonable terms to execute OverActive Media’s business plan; (b) that general business and economic conditions will not change in a material adverse manner; (c) OverActive Media’s ability to procure equipment and operating supplies in sufficient quantities and on a timely basis; (d) OverActive Media’s ability to enter into contractual arrangements with additional parties; (e) the accuracy of budgeted costs and expenditures; (f) OverActive Media’s ability to attract and retain skilled personnel; (g) political and regulatory stability; (h) the receipt of governmental, regulatory and third-party approvals, licenses and permits on favorable terms; (i) changes in applicable legislation; (j) stability in financial and capital markets; and (k) expectations regarding the level of disruption to as a result of CV-19. Such forward-looking information involves a variety of known and unknown risks, uncertainties and other factors which may cause the actual plans, intentions, activities, results, performance or achievements of OverActive Media to be materially different from any future plans, intentions, activities, results, performance or achievements expressed or implied by such forward-looking statements. Such risks include, without limitation: (a) OverActive Media’s operations could be adversely affected by possible future government legislation, policies and controls or by changes in applicable laws and regulations; (b) public health crises such as CV-19 may adversely impact OverActive Media’s business; (c) the volatility of global capital markets; (d) political instability and changes to the regulations governing OverActive Media’s business operations (e) OverActive Media may be unable to implement its growth strategy; and (f) increased competition. Except as required by law, OverActive Media undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future event or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events. Neither does OverActive Media nor any of its representatives make any representation or warranty, express or implied, as to the accuracy, sufficiency or completeness of the information in this document. Neither OverActive Media nor any of its representatives shall have any liability whatsoever, under contract, tort, trust or otherwise, to you or any person resulting from the use of the information in this document by you or any of your representatives or for omissions from the information in this document. 7) Any graphs, tables or other information demonstrating the historical performance or current or historical attributes of OverActive Media or any other entity contained in this document are intended only to illustrate historical performance or current or historical attributes of OverActive Media or such entities and are not necessarily indicative of future performance of OverActive Media or such entities. 8) Investing is risky. The information provided in this article should not be considered as a substitute for professional financial consultation. Users should be aware that investing in any form carries inherent risks, and as such, there is a possibility of losing some or all of their investment. The value of investments can fluctuate significantly within a short period, and investors must understand that past performance is not indicative of future results. Additionally, users should exercise caution as transactions involving investments may be irreversible, even in cases of fraud or accidental actions. It is crucial to acknowledge that rapidly evolving laws and technical issues can have adverse effects on the usability, transferability, exchangeability, and value of investments. Furthermore, users must be cognizant of potential security risks associated with their investment activities. Individuals are strongly encouraged to conduct thorough research, seek professional advice, and carefully evaluate their risk tolerance before engaging in any investment endeavors. Market Jar Media Inc. is neither an investment adviser nor a broker-dealer. The information presented on the website is provided for informative purposes only and is not to be treated as a recommendation to make any specific investment. No such information on PressReach.com constitutes advice or a recommendation. Contact Details James Young +1 800-340-9767 campaigns@pressreach.com Company Website https://pressreach.com

February 28, 2024 08:30 AM Eastern Standard Time

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Knightscope (NASDAQ: KSCP) Achieves Major Milestone As It Becomes An Approved Provider For the U.S. Federal Government

Benzinga

By Faith Ashmore, Benzinga While crime has always existed in human society, the scale and threat of crime can arguably rise higher with advancements in technology. Just as how we fight wars has changed, so have the methods of crime. The economic cost of crime is astronomical; in the U.S. the cost of crime is over $2.5 trillion in a single year. Studies have shown that violent crimes against young people have also been rising. When looking at crime rates and the communal cost, it's important to think about how modern technology can be implemented in solutions. Knightscope (NASDAQ: KSCP), a technology company ushering in the dawn of Autonomous Security Robots (ASRs), has spent the last decade demonstrating the potential of robots in security to the country through a large-scale proof of concept. The company currently has a suite of products ranging from stationary Blue Light emergency systems to self-driving ASRs. The CEO of Knightscope, William Santana Li, has shared that the long-term goal is to build a wide range of technologies encompassing incognito small devices to robots that can patrol cities, highways – and everything in between. The CEO believes the company has completed phase 1 of the company’s mission with over $30 million in lifetime revenue, as well as contracts across the country. The company has cemented phase 1 with the announcement of a major milestone by receiving its Authority to Operate (“ATO”) from the Federal Risk and Authorization Management Program (“FedeRAMP”), which is sponsored by the U.S. Department of Veterans Affairs. This achievement means that Knightscope will eventually be listed as an approved provider for federal agencies. The company can now also begin its deployment process to perform on the contract awarded by the VA. “Knightscope’s ATO achievement proves our organizational focus on cyber security and our unwavering commitment to our mission of better securing our country… We believe going through this intense and rigorous process has improved our security posture, which also will positively impact commercial and civilian applications,” shared Mercedes Soria, EVP and Chief Intelligence Officer, who led the nearly 3-year effort in reaching the key milestone. CEO Li believes that with this milestone accomplished, the company is firmly on its way through phase 2 of the company’s growth, with a focus on sustained and increased profitability. The major goals of Knightscope's phase 2 are focused on improving organizational efficiency, increasing margins, introducing new products and technologies and exploring potential acquisitions. To achieve these goals, the company aims to streamline management decision-making, reduce fixed costs, consolidate purchasing activities, re-engineer its supply chain and redesign systems and subsystems. Knightscope has set targets for margins on its K1B portfolio and ASRs and plans to scale up its operations to achieve profitability by the end of the year. Knightscope is also actively pursuing the development of new products, such as the K7 ASR for private roads and properties, and exploring potential acquisitions in the autonomous vehicle space. The company hopes that these efforts will effectively accelerate technology and product development towards a future that brings the K10 ASR into production faster for autonomous patrol of cities and highways. Becoming a federal supplier means that the company’s market has now been extended beyond city and neighborhood authorities to the federal government – in Fiscal Year 2022, the federal government committed about $694 billion to contracts. Ten years ago, the idea of robots being instrumental in public safety was an idea for the big screen but not yet tangible. Knightscope seems to have successfully demonstrated the efficacy of robotics and is looking to expand its presence in phase 2. The company seems well positioned to be a major force in the robotics market, which was valued at $31.38 billion in 2021 and is expected to reach $110.39 billion by 2030 with a CAGR of 15% from 2022-2030. Click here to read more about the company’s future plans from CEO William Santana Li Photo by Knightscope Benzinga is a leading financial media and data provider, known for delivering accurate, timely, and actionable financial information to empower investors and traders. This post contains sponsored content. This content is for informational purposes only and not intended to be investing advice. AN OFFERING STATEMENT REGARDING THIS OFFERING HAS BEEN FILED WITH THE SEC. THE SEC HAS QUALIFIED THAT OFFERING STATEMENT, WHICH ONLY MEANS THAT THE COMPANY MAY MAKE SALES OF THE SECURITIES DESCRIBED BY THE OFFERING STATEMENT. THE OFFERING CIRCULAR THAT IS PART OF THAT OFFERING STATEMENT IS AVAILABLE HERE. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com

February 28, 2024 08:25 AM Eastern Standard Time

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Moving Fast: Candel’s (NASDAQ: CADL) CAN-3110 Granted FDA Fast Track Designation For Recurrent High-Grade Glioma Following Fast Track Designation For CAN-2409 In Pancreatic Cancer

Candel Therapeutics

By Jeremy Golden, Benzinga A clinical-stage biopharmaceutical company has been granted Fast Track Designation by the FDA for a first-in-class drug candidate. Focused on developing multimodal biological immunotherapies to help patients fight cancer, Candel Therapeutics, Inc. (NASDAQ: CADL) was granted the designation for CAN-3110, a replication-competent herpes simplex virus-1 (HSV-1) oncolytic viral immunotherapy candidate for patients with recurrent high-grade glioma (HGG). The Needham, Mass.-based company hopes CAN-3110 will improve overall survival in this patient population. A phase 1b clinical trial of CAN-3110 in recurrent HGG, led by E. Antonio Chiocca, MD, PhD, Head of the Department of Neurosurgery at Brigham & Women’s Hospital and Professor at Harvard Medical School, is ongoing. Candel Therapeutics plans to report additional data, including the potential benefits from multiple injections of CAN-3110, from the clinical trial in the second half of 2024. Designed to facilitate the development and expedite the review of medicines that can treat serious conditions, Fast Track Designation offers an investigational medicine eligibility for more frequent interactions with the FDA to discuss the candidate’s development plan. The medicine may be eligible for priority review if relevant criteria are met. “Receiving FDA Fast Track Designation for CAN-3110 reinforces the critical need to find effective treatment options for patients with recurrent HGG and further supports the potential of CAN-3110 to address the challenges that the standard of care and conventional therapies have failed to meet,” said Paul Peter Tak, MD, PhD, FMedSci, President and CEO of Candel. “A strong local and systemic anti-tumoral response and improved survival in patients with recurrent HGG was observed following a single injection of CAN-3110 in the Phase 1b trial.” Additionally, Candel and academic collaborators at the Brigham and Women’s Hospital published results from the ongoing phase 1b clinical trial in the high-impact journal Nature, demonstrating that CAN-3110 was well tolerated with no dose-limiting toxicity reported. The investigators observed a near-doubling of the expected median overall survival (mOS) after a single CAN-3110 injection, achieving a mOS of about 12 months, compared to historical reports of less than 6 to 9 months in this therapy-resistant condition. Positive HSV-1 serology was a predictor of response and was associated with improved survival; the mOS in this population reached 14 months. 50 to 80% of American adults have oral herpes (HSV-1), which causes cold sores or fever blisters near or in the mouth. Caused by HSV-1 or HSV-2, genital herpes affects one out of every six people in the U.S. aged 14 to 49. Furthermore, increased infiltrating immune cells in the tumor microenvironment and expansion of the T cell repertoire after administration were also associated with improved survival, suggesting that CAN-3110 can elicit both a local and systemic antitumoral response. “Recurrent HGG is one of the most aggressive malignancies for which there is no cure, representing a significant and urgent unmet need,” Chiocca, the study director, said. “With Fast Track Designation, I look forward to the potential of accelerating the development of CAN-3110 and the possibility of bringing this differentiated therapy to patients with recurrent high-grade glioma as we strive to improve outcomes and provide hope for patients and their families.” In December 2023, Candel Therapeutics also received Fast Track Designation for both non-small cell lung cancer (NSCLC) and pancreatic cancer, a validation from the FDA on the potential of CAN-2409, its most advanced product candidate. An investigational viral immunotherapy, CAN-2409 is designed to stimulate an individualized, systemic immune response to the patient’s specific tumor. CAN-2409 plus valacyclovir in combination with continued PD-1/PD-L1 agents is being evaluated in an ongoing, open-label phase 2 clinical trial in patients with late-stage NSCLC. Featured photo by Hush Naidoo Jade Photography on Unsplash. Candel is a clinical stage biopharmaceutical company focused on developing off-the-shelf multimodal biological immunotherapies that elicit an individualized, systemic anti-tumor immune response to help patients fight cancer. Candel has established two clinical stage multimodal biological immunotherapy platforms based on novel, genetically modified adenovirus and herpes simplex virus (HSV) gene constructs, respectively. CAN-2409 is the lead product candidate from the adenovirus platform and is currently in ongoing clinical trials in non-small cell lung cancer (NSCLC) (phase 2), borderline resectable pancreatic cancer (phase 2), and localized, non-metastatic prostate cancer (phase 2 and phase 3). CAN-3110 is the lead product candidate from the HSV platform and is currently in an ongoing investigator-sponsored phase 1 clinical trial in recurrent high-grade glioma (HGG). Finally, Candel’s enLIGHTEN™ Discovery Platform is a systematic, iterative HSV-based discovery platform leveraging human biology and advanced analytics to create new viral immunotherapies for solid tumors. This article includes certain disclosures that contain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, as amended, including, without limitation, express or implied statements regarding the timing and advancement of development programs, including the timing and availability of additional data, key data readout milestones, including CAN-3110 in HGG; expectations regarding the potential benefits conferred by Fast Track Designation; expectations regarding the therapeutic benefit of its programs, including the potential for its programs to extend patient survival; and expectations regarding cash runway and expenditures. The words “may,” “will,” “could,” “would,” “should,” “expect,” “plan,” “anticipate,” “intend,” “believe,” “estimate,” “predict,” “project,” “potential,” “continue,” “target” and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Any forward-looking statements in this press release are based on management’s current expectations and beliefs and are subject to a number of risks, uncertainties and important factors that may cause actual events or results to differ materially from those expressed or implied by any forward-looking statements contained in this press release, including, without limitation, those risks and uncertainties related to the timing and advancement of development programs; expectations regarding the therapeutic benefit of the Company’s programs; that final data from our pre-clinical studies and completed clinical trials may differ materially from reported interim data from ongoing studies and trials; the Company’s ability to efficiently discover and develop product candidates; the Company’s ability to obtain and maintain regulatory approval of product candidates; the Company’s ability to maintain its intellectual property; the implementation of the Company’s business model, and strategic plans for the Company’s business and product candidates, and other risks identified in the Company’s SEC filings, including the Company’s most recent Quarterly Report on Form 10-Q filed with the SEC, and subsequent filings with the SEC. The Company cautions you not to place undue reliance on any forward-looking statements, which speak only as of the date they are made. The Company disclaims any obligation to publicly update or revise any such statements to reflect any change in expectations or in events, conditions or circumstances on which any such statements may be based, or that may affect the likelihood that actual results will differ from those set forth in the forward-looking statements. Any forward-looking statements contained in this press release represent the Company’s views only as of the date hereof and should not be relied upon as representing its views as of any subsequent date. This post contains sponsored content. This content is for informational purposes only and is not intended to be investing advice. Contact Details Aljanae Reynolds +1 617-916-5445 areynolds@wheelhouselsa.com Company Website https://www.candeltx.com/

February 28, 2024 08:15 AM Eastern Standard Time

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Lithium Chile Announces Favorable Results at New Arizaro Exploration Hole

Lithium Chile Inc.

CALGARY, ALBERTA – TheNewswire - February 28, 2024 – Lithium Chile Inc. (TSXV:LITH) (OTC:QB) (“ Lithium Chile ” or the “ Company ”) is pleased to provide an operational update on its Salar de Arizaro Project in Argentina, highlighting significant progress on the Company’s northeastern claims including sampling results from hole ARDHH-08. HIGHLIGHTS: One diamond drill hole was completed at the Arizaro Project: The hole encountered brine rich formations in areas not previously drilled. Results from drilling provide for potential significant resource upside. A new diamond drill hole, ARDDH-9 is currently underway. ARGENTINA OPERATIONS - ARIZARO PROJECT: ARDDH-08 has been drilled to a depth of 606-metres with a brine-rich, sandy formation encountered at 200 - metres. The bailer samples sent to Alex Stewart Laboratory, Jujuy, Argentina reported the following grades: 50-metres encountered grades of 180 mg/l Li 200-metres encountered grades of 690 mg/l Li Results from hole ARDHH-08 represent important exploration progress for the northeastern portion of the TOLAR 6 property, where the Company does not have any mineral resource estimates contributing to the previously reported 3,342,000 tonne lithium carbonate equivalent resource associated with the project. Due to the variability in lithium grades encountered, additional depth-specific sampling of the brines have been recommended by the Qualified Person overseeing the project. Salar de Arizaro, Argentina: Resource Calculation Steve Cochrane, President & CEO, remarked, "The results from this new hole signify an important step in our strategic roadmap, propelling us closer towards maximizing the full potential of our claims. We are confident in the Arizaro project's potential to become a premier lithium carbonate producer, and we're energized by the promise of continued progress." Lithium Chile’s President for South America, José de Castro, says: "We are immensely proud of our exceptional team in Argentina, whose unique experience in previous lithium projects has been instrumental in creating value for all stakeholders including the communities we work with. As we continue to progress towards a revised resource report and feasibility study to support production economics, we remain steadfast in our mission to add value and realize the full potential of the Arizaro project." QUALIFIED PERSON, QA/QC STATEMENTS: Leandro Sastre has reviewed and approved the scientific and technical content of this news release. Mr. Sastre is a geology professional with over 20 years of experience in the international mining sector. Leandro has worked extensively throughout Latin America with a focus on Argentina, Chile and Peru. ABOUT LITHIUM CHILE: Lithium Chile is an exploration and lithium resource company with a property portfolio consisting of 111,978 hectares in Chile and 29,245 hectares in Argentina. The Company has filed its NI 43-101 Report and Preliminary Economic Assessment, which can be viewed on the Company’s profile at SedarPlus.ca Lithium Chile also owns 5 properties totaling 22,529 hectares that are prospective for gold, silver and copper. Lithium Chile’s common shares are listed on the TSX-V under the symbol “LITH” and on the OTC-QB under the symbol “LTMCF”. To find out more about Lithium Chile, please contact Steven Cochrane, President and CEO via email: steve@lithiumchile.ca or Michelle DeCecco, Vice President and COO via email:. NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE. FORWARD LOOKING STATEMENTS: This news release may contain certain forward-looking information and forward-looking statements within the meaning of applicable securities legislation (collectively "forward-looking statements"),. Generally, forward-looking statements can be identified using forward-looking terminology such as "expected", "anticipated", "aims to", "plans to" or "intends to" or variations of such words and phrases or statements that certain actions, events or results "will" occur. Such forward-looking statements are based on various assumptions and factors that may prove to be incorrect, including, but not limited to, factors and assumptions with respect to the general stability of the economic and political environment in which the Company operates and the timely receipt of required regulatory approvals. You are cautioned that the foregoing list of material factors and assumptions is not exhaustive. A description of assumptions used to develop such forward-looking information and a description of risk factors that may cause actual results to differ materially from forward-looking information can be found in Lithium Chile's disclosure documents on the SEDAR+ website at www.sedarplus.ca. Although Lithium Chile believes that the assumptions and factors on which such forward-looking statements are based upon reasonable assumptions, undue reliance should not be placed on the forward-looking statements because Lithium Chile can give no assurance that they will prove to be correct or that any of the events anticipated by such forward-looking statements will transpire or occur, or if any of them do, what benefits Lithium Chile will derive therefrom. Lithium Chile does not undertake to update any forward-looking statements herein, except as required by applicable securities laws. All forward-looking statements contained in this news release are expressly qualified by this cautionary statement.

February 28, 2024 08:03 AM Eastern Standard Time

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Lithium Chile Announces Favorable Results at New Arizaro Exploration Hole

Lithium Chile Inc.

CALGARY, ALBERTA – TheNewswire - February 28, 2024 – Lithium Chile Inc. (TSXV:LITH) (OTC:QB) (“ Lithium Chile ” or the “ Company ”) is pleased to provide an operational update on its Salar de Arizaro Project in Argentina, highlighting significant progress on the Company’s northeastern claims including sampling results from hole ARDHH-08. HIGHLIGHTS: One diamond drill hole was completed at the Arizaro Project: The hole encountered brine rich formations in areas not previously drilled. Results from drilling provide for potential significant resource upside. A new diamond drill hole, ARDDH-9 is currently underway. ARGENTINA OPERATIONS - ARIZARO PROJECT: ARDDH-08 has been drilled to a depth of 606-metres with a brine-rich, sandy formation encountered at 200 - metres. The bailer samples sent to Alex Stewart Laboratory, Jujuy, Argentina reported the following grades: 50-metres encountered grades of 180 mg/l Li 200-metres encountered grades of 690 mg/l Li Results from hole ARDHH-08 represent important exploration progress for the northeastern portion of the TOLAR 6 property, where the Company does not have any mineral resource estimates contributing to the previously reported 3,342,000 tonne lithium carbonate equivalent resource associated with the project. Due to the variability in lithium grades encountered, additional depth-specific sampling of the brines have been recommended by the Qualified Person overseeing the project. Salar de Arizaro, Argentina: Resource Calculation Steve Cochrane, President & CEO, remarked, "The results from this new hole signify an important step in our strategic roadmap, propelling us closer towards maximizing the full potential of our claims. We are confident in the Arizaro project's potential to become a premier lithium carbonate producer, and we're energized by the promise of continued progress." Lithium Chile’s President for South America, José de Castro, says: "We are immensely proud of our exceptional team in Argentina, whose unique experience in previous lithium projects has been instrumental in creating value for all stakeholders including the communities we work with. As we continue to progress towards a revised resource report and feasibility study to support production economics, we remain steadfast in our mission to add value and realize the full potential of the Arizaro project." QUALIFIED PERSON, QA/QC STATEMENTS: Leandro Sastre has reviewed and approved the scientific and technical content of this news release. Mr. Sastre is a geology professional with over 20 years of experience in the international mining sector. Leandro has worked extensively throughout Latin America with a focus on Argentina, Chile and Peru. ABOUT LITHIUM CHILE: Lithium Chile is an exploration and lithium resource company with a property portfolio consisting of 111,978 hectares in Chile and 29,245 hectares in Argentina. The Company has filed its NI 43-101 Report and Preliminary Economic Assessment, which can be viewed on the Company’s profile at SedarPlus.ca Lithium Chile also owns 5 properties totaling 22,529 hectares that are prospective for gold, silver and copper. Lithium Chile’s common shares are listed on the TSX-V under the symbol “LITH” and on the OTC-QB under the symbol “LTMCF”. To find out more about Lithium Chile, please contact Steven Cochrane, President and CEO via email: steve@lithiumchile.ca or Michelle DeCecco, Vice President and COO via email:. NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE. FORWARD LOOKING STATEMENTS: This news release may contain certain forward-looking information and forward-looking statements within the meaning of applicable securities legislation (collectively "forward-looking statements"),. Generally, forward-looking statements can be identified using forward-looking terminology such as "expected", "anticipated", "aims to", "plans to" or "intends to" or variations of such words and phrases or statements that certain actions, events or results "will" occur. Such forward-looking statements are based on various assumptions and factors that may prove to be incorrect, including, but not limited to, factors and assumptions with respect to the general stability of the economic and political environment in which the Company operates and the timely receipt of required regulatory approvals. You are cautioned that the foregoing list of material factors and assumptions is not exhaustive. A description of assumptions used to develop such forward-looking information and a description of risk factors that may cause actual results to differ materially from forward-looking information can be found in Lithium Chile's disclosure documents on the SEDAR+ website at www.sedarplus.ca. Although Lithium Chile believes that the assumptions and factors on which such forward-looking statements are based upon reasonable assumptions, undue reliance should not be placed on the forward-looking statements because Lithium Chile can give no assurance that they will prove to be correct or that any of the events anticipated by such forward-looking statements will transpire or occur, or if any of them do, what benefits Lithium Chile will derive therefrom. Lithium Chile does not undertake to update any forward-looking statements herein, except as required by applicable securities laws. All forward-looking statements contained in this news release are expressly qualified by this cautionary statement.

February 28, 2024 08:01 AM Eastern Standard Time

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Cyber Startup Secures 7 Million Networks, 500 Million Connected Devices – SAM Seamless Network Protects Customers Of Verizon, Virgin Media, Orange And Bezeq

OurCrowd

By Jeremy Ruden, Benzinga A small startup headed by a former officer in Israel’s elite 8200 Military Intelligence cyber unit is silently protecting 500 million connected devices in more than seven million homes and businesses around the world. This is the age of the Internet of Things (IoT) with millions of smart devices connected by Wi-Fi. From garage doors to smartwatches, all have access to private Wi-Fi, and many were designed without any attention to security. Once hacked, they provide a gateway into home and business networks where cyber criminals can wreak havoc, stealing personal information and holding entire companies to ransom. “In the US, an average household has 22 connected devices,” says Sivan Rauscher, a former 8200 officer and Co-Founder and CEO of SAM Seamless Network, an Israeli startup at the forefront of securing millions of IoT devices on a global level. “We record an average of 16 attacks a day on every network.” https://youtu.be/x94vQ0CBQyY?si=XHO89NQBkNcWzbpF Fueled by the spread of 5G wireless technology, the growth of smart devices snowballed during the pandemic – and the numbers keep growing. By the end of 2024, experts expect there will be more than 17 billion IoT devices connected worldwide. These are not just tablets or smartphones but include everything from household heating systems to online factory machinery. Many of the smart devices will also be enhanced with artificial intelligence, capable of making autonomous decisions. With this increased connectivity come major security concerns. “When you have more connected devices in your perimeter, you’re opening more back doors into your data,” says Rauscher, a rare female CEO in the male-dominated world of cyber security. “It’s just like when you move into a larger house, there are more entry points for thieves. It’s the same with information – the more connectivity, the larger the threat of a breach.” SAM is currently raising a funding round via OurCrowd, the Jerusalem-based investment platform that allows accredited investors to access privately held startups. Prime Target While major corporations can look to giants like Cisco (NASDAQ: CSCO) and Check Point (NASDAQ: CHKP) for their cybersecurity needs, SAM targets small and medium-sized enterprises, which make up the vast majority of companies – including 99% of all businesses in Europe. Unlike large, security-conscious multinationals, most Wi-Fi networks in small businesses and home offices are unmanaged, unsecured and without an information officer, leaving them prey to hackers. “The fast adoption of 5G, combined with the proliferation of smart devices operating on unsupervised networks, can be catastrophic for millions of home and business users. Even with the implementation of basic security requirements on IoT devices, the threat of a silent invasion through them is very real,” says Rauscher. “SAM is the best and most cost-efficient defense to this threat and we’re proud that our solution, which is constantly adopting to the changing threat landscape, is being adopted by some of the world’s top providers.” SAM’s platform is securing networks provided by some of the largest telecommunication companies in the world. including Verizon (NYSE: VZ) in the U.S., Virgin Media in the U.K., Orange in Belgium, Bezeq in Israel and other major European providers. The company’s cloud-based software can work with any system and is deployed remotely, which means the customer doesn’t have to fiddle with complicated settings or pieces of hardware. SAM’s system works automatically through the user’s router or other onsite gateway – usually provided by an internet service provider or as an off-the-shelf product. Unrecognized Devices SAM has a special relationship with Verizon, which is both a client and an investor through its investment arm Verizon Ventures. Verizon and SAM also launched the Device ID platform, allowing users to monitor their home network for new or previously unrecognized devices. This allows customers to manage certain details of their devices, like customized naming conventions, allowing for better control of their home network and connected devices. This visibility also results in improved customer service and troubleshooting from the viewpoint of Verizon, which is truly able to “see” the connected home network. SAM has several key investors including BlackBerry, which co-led the Series B round with Verizon Ventures, Intel Capital, Night Dragon, Target Global, Ericsson, ADT Security Corporation and Blumberg Capital. OurCrowd is leading SAM’s Series C investment round, which is now funding. The company is constantly updating its security in response to new threats identified on the networks. “We employ a data-driven approach to identify emerging threats and attacks on these IoT devices, relying on data from millions of IoT devices across our networks,” says Rauscher. “We’re actively looking and researching vulnerabilities in IoT devices we believe pose a significant threat to our customers.” IoT regulation Western governments are aware of the security risks posed by IoT devices. “Malicious cyber actors may leverage your home network to gain access to personal, private, and confidential information,” the U.S. NSA warned in Best Practices for Securing Your Home Network, published in 2023. Last July, the U.S. government announced a national IoT security label that manufacturers and retailers can use to assure consumers that their smart connected IoT devices meet a certain level of cyber-safety. The EU is not making IoT security optional. This year, the European Commission imposed minimum requirements for the security of smart devices. Products not meeting the standards will be banned from the EU market. The UK has similar legislation due to take effect in April 2024. While such government programs don’t apply to IoT devices that are already in use today, they will create a more informed consumer and raise awareness among other parties in the ecosystem, such as retailers or ISPs, motivating them to take action. For more information about the SAM Seamless Network investment round on the OurCrowd platform, click HERE. Featured photo courtesy of SAM Seamless Network. OurCrowd was started in 2013, driven by the idea that the business of building startups grows bigger and better when the global ‘crowd’ gains access to VC-level investment opportunities.Today, OurCrowd is a global venture and alternative investing platform that empowers institutions and individuals to invest and engage in emerging companies. OurCrowd vets and selects companies, invests its capital, and provides its global network with unparalleled access to co-invest and contribute connections, talent and deal flow. OurCrowd builds value for its portfolio companies throughout their lifecycles, providing mentorship, recruiting industry advisors, navigating follow-on rounds and creating growth opportunities through its network of multinational partnerships. This post contains sponsored content. This content is for informational purposes only and is not intended to be investing advice. Contact Details Lisa Graston lisa.graston@ourcrowd.com Company Website http://www.ourcrowd.com

February 28, 2024 08:00 AM Eastern Standard Time

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American Rare Earths helps advancement at Halleck Creek with 13.5 million dollar private placement

American Rare Earths Ltd

American Rare Earths Limited CEO Donald Swartz joined Steve Darling from Proactive to share significant news regarding the company's recent fundraising efforts. American Rare Earths has successfully secured firm commitments for a placement to raise 13.5 million Australian dollars. This placement received strong support from both new and existing institutional, professional, and sophisticated investors, both domestically and offshore. The purpose of this capital raise is to further develop environmentally friendly and cost-effective extraction and processing methods. These methods are crucial to meeting the rapidly increasing demand for resources essential to the clean energy transition and US national security. Swartz emphasized that this funding provides the company with the necessary capital to advance its flagship project, Halleck Creek, towards delivering a secure supply of critical minerals to the North American supply chain. American Rare Earths remains dedicated to achieving its project development milestones with the support of its shareholders. The funds raised will support various activities related to the development of the Halleck Creek Rare Earths Project in Wyoming. These activities include mineral resource and extensional drilling, pre-feasibility studies, metallurgical test work and process development, as well as heritage, permitting, and environmental activities. Overall, this successful capital raise positions American Rare Earths to continue its progress towards becoming a key player in the critical minerals sector, contributing to both environmental sustainability and national security objectives. Contact Details Proactive USA +1 347-449-0879 na-editorial@proactiveinvestors.com

February 28, 2024 07:25 AM Eastern Standard Time

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Aclara Resources welcomes key delegation as company secures 100% ownership of Carina Module

Aclara Resources Inc

Aclara Resources Chief Executive Officer Ramon Barua joined Steve Darling from Proactive to share exciting news about the company's recent developments in Chile and Brazil. Aclara recently hosted a delegation from the State of Goiás, Brazil, at its pilot plant in Concepción, Chile. The purpose of the visit was to showcase the environmentally sustainable features of Aclara's patented technology, which is being implemented at the pilot plant. This pilot plant will play a crucial role in the Carina Module project located in Goiás, Brazil. Aclara had previously presented the Carina Module project to the Governor and senior officials of the state of Goiás in October. The piloting of the Carina Module's ionic clays commenced in December 2023 and is expected to be completed by the end of February 2024. During this piloting phase, Aclara aims to produce between 10-15 kilograms of heavy rare earth mixed carbonates. These products will be instrumental in advancing commercial discussions with potential separators, stakeholders in the rare earths value chain, and original equipment manufacturers. Barua also shared with Proctive the company has announced the second tranche of the earn-in agreement has been fulfilled, thus securing 100% ownership of the 8,490 hectares of mining rights comprising the Carina Module. On November 6, 2023, the Company had previously executed the first tranche of the earn-in agreement securing an initial 51% ownership interest. Contact Details Proactive Canada +1 604-688-8158 na-editorial@proactiveinvestors.com

February 28, 2024 07:23 AM Eastern Standard Time

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Lithium Chile Announces Favorable Results at New Arizaro Exploration Hole

Lithium Chile Announces Favorable Results at New Arizaro Exploration Hole

Cyber Startup Secures 7 Million Networks, 500 Million Connected Devices – SAM Seamless Network Protects Customers Of Verizon, Virgin Media, Orange And Bezeq

American Rare Earths helps advancement at Halleck Creek with 13.5 million dollar private placement

Aclara Resources welcomes key delegation as company secures 100% ownership of Carina Module