iFabric Corp. announced a combined treasury and secondary offering of common shares totaling up to 7.57 million shares at $3.70 each, raising approximately $20 million for the company and $5 million for selling shareholders. The treasury offering involves 5.4 million new shares, with an additional over-allotment option of 810,900 shares. The secondary offering consists of 1.35 million shares sold by existing shareholders, from which the company receives no proceeds. The offering is led by a syndicate of underwriters and is expected to close around June 5, 2026, subject to customary conditions. Proceeds will support iFabric's business operations across its two divisions focused on intelligent fabric technologies and intimate apparel.
Lululemon invested in Syntetica's $30 million Series A funding to support its innovative recycling of Nylon 6 and Nylon 6,6, materials difficult to separate and reuse in textile waste. This move aligns with growing industry demand for sustainable, co...
Ethereum futures long positions among top traders increased by over 3 percentage points across both USDT- and coin-margined markets, indicating a broad-based shift in short-term sentiment. This rise suggests heightened attention on ETH compared to ot...
NVIDIA announced that leading Japanese companies in robotics and manufacturing are adopting its Cosmos, Isaac, Metropolis, and Jetson platforms to accelerate AI-powered intelligent machines across industries. The new Cosmos 3 Edge model enables real-...
Oil prices are rising sharply due to renewed US naval blockades on Iranian shipping and increased tensions in the Strait of Hormuz, a critical oil transit route. Brent crude is holding above $85 and WTI above $80, with forecasts suggesting WTI could ...
The US government announced it will impose a new 25% tariff on Brazilian ethanol starting next Wednesday, accusing Brazil of unfair trade practices. This tariff excludes major Brazilian exports like oil, beef, coffee, and aircraft parts. The move fol...
