Hylton Karon, a major shareholder of iFabric Corp., sold 1,210,935 common shares on June 5, 2026, at CAD$3.70 per share, totaling approximately CAD$4.48 million. This sale reduced his ownership from about 63.1% to 49.3% of the company's shares on a partially diluted basis. The shares were sold for personal financial reasons, and Karon may buy or sell more shares in the future depending on market conditions. This significant reduction in stake could impact control dynamics at iFabric going forward.
In 2025, AI-related companies raised at least $200 billion in debt to finance data center buildouts, marking one of the largest tech sector financing efforts ever. Financial expert Jim Rickards highlights that much of this debt is held through comple...
Celtic Lux Holdings, formerly Alvogen Lux Holdings, purchased 10,133,333 shares of Alvotech at $3.75 per share on June 16, 2026. This transaction was reported to the Luxembourg financial regulator, CSSF, indicating significant insider activity. The p...
FTI Consulting appointed Jerome Nyssen as Senior Managing Director in its Risk Advisory practice in Australia to enhance AI-driven risk, compliance, and governance services. Nyssen brings 25 years of experience across financial services and technolog...
General Fusion has made significant progress with its LM26 Magnetized Target Fusion machine, achieving plasma electron temperatures of about 8.4 million degrees Celsius (0.72 keV), nearing its 1 keV target. This milestone demonstrates effective plasm...
AI/R, a technology company specializing in Agentic AI, has deepened its partnership with Databricks, achieving Gold partner status and expanding its certifications from 11 to over 100. This growth enables AI/R to deliver advanced AI and data solution...
