Latest Technology Platforms News

betr Entertainment has successfully raised $130 million through a fully underwritten equity offer priced at a 13.7% premium, underpinning its strategic acquisition of PointsBet and positioning for growth in the Australian wagering market.

Genetic Signatures Ltd reported a robust 71% jump in quarterly sales to $2.9 million, fueled by strong respiratory testing demand in Australia and key US commercial contracts. The company is advancing its automation and instrument customisation strategy to streamline molecular diagnostics offerings.

Locate Technologies Limited reported flat group revenue for Q3 FY25, with Locate2u growing 10% while Zoom2u declined 11%. The company continues to embed AI as a strategic growth and cost optimization tool.

Patrys Limited advances its PAT-DX3 therapy development for inflammatory diseases while navigating cash flow challenges and pursuing partnerships to sustain operations.

Noxopharm Limited has successfully cleared key preclinical hurdles for its SOF-SKN™ lupus drug and expanded its Sofra™ platform collaborations, supported by fresh funding to propel upcoming clinical trials.

Titomic Limited advances its strategic U.S. footprint with a new Huntsville facility set to open in June 2025, securing major defense collaborations and expanding commercial momentum in additive manufacturing.

betr Entertainment Limited has launched a fully underwritten A$130 million capital raising to fund its acquisition of a 19.9% stake in PointsBet and to partially finance a proposed full takeover. The revised bid promises over $40 million in annual cost synergies and a flexible cash-scrip offer to PointsBet shareholders.

betr Entertainment Limited has launched a fully underwritten A$130 million capital raising to fund its acquisition of a 19.9% stake in PointsBet and advance a superior takeover proposal valued at A$360 million. The move positions betr as PointsBet’s largest shareholder and challenges the existing MIXI scheme with enhanced funding certainty and synergy prospects.

betr Entertainment has unveiled a $360 million proposal to acquire PointsBet, backed by a $130 million equity raise and promising $40 million in annual synergies. The move aims to reshape the Australian wagering landscape with enhanced funding certainty and operational integration.

Hiremii Limited has completed its 2024-25 AI recruitment platform roadmap nine weeks early, with its proprietary AI outperforming industry shortlisting benchmarks. Despite a slight revenue decline due to market slowdowns, the company is poised for growth through technology commercialization and strategic M&A.

Lumos Diagnostics reported a 21% quarter-on-quarter revenue increase in Q3 FY25, driven by strong product sales and expanded development agreements. The company also secured Medicare coverage in key US regions and advanced its pivotal FebriDx CLIA waiver study with FDA submission expected by year-end.

Prime Financial Group has acquired Lincoln Indicators, significantly expanding its wealth management platform and client base. The deal is expected to boost recurring revenue and contribute to Prime’s ambitious growth targets.