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Corner Growth Acquisition Corp. Unit - $COOLU STOCK NEWS

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Rhea-AI Summary

Noventiq Holdings PLC announces a strategic joint venture with Al-Suwaiket Group in Saudi Arabia to expand its digital transformation and cybersecurity solutions. Mohamed Mostafa appointed as General Manager for Saudi Arabia and Egypt.

The joint venture focuses on market, portfolio, and sales channel expansion, supported by a new office in Dammam. It aims to boost digital capabilities in Saudi Arabia, offering services like digital transformation, cybersecurity, and proprietary AI solutions.

The partnership will accelerate Noventiq's growth in Saudi Arabia, leveraging global expertise and local leadership.

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End-of-Day
2.74%
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Rhea-AI Summary
Noventiq Holdings PLC reported strong financial performance for the nine Months ending 12/31/23, with revenues of $340.7 million, a 21.5% increase in U.S. dollars, and Adjusted EBITDA of $24.9 million, a 49.4% rise. The company showcased growth in IT Services, Hardware, and Software & Cloud, with a positive cash balance of $92.6 million.
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End-of-Day
-2.5%
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Rhea-AI Summary
Noventiq Holdings PLC announces a strategic joint venture with Net One Asia in Singapore, focusing on cybersecurity and Microsoft technology solutions. The partnership aims to accelerate Noventiq's presence in Singapore and the APAC region, leveraging the strengths of both companies. The joint venture, operating as Noventiq Singapore Pte , will offer a wide range of Microsoft technologies and solutions, including Noventiq's proprietary IPs. The collaboration is expected to drive growth and innovation in the market, creating new job opportunities and expanding into other partners' solutions. Additionally, Noventiq's business combination agreement with Corner Growth Acquisition Corp. is set to list the combined company on Nasdaq under the symbol 'NVIQ', providing improved access to capital and enhancing technological capabilities.
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End-of-Day
-21.74%
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Noventiq Holdings PLC and Corner Growth Acquisition Corp. file Registration Statement with the SEC for proposed Business Combination. Noventiq reports strong financial results with revenue growth of 36.4% year-over-year in FY24. CEO Hervé Tessler highlights continued business momentum and transformational agenda.
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Rhea-AI Sentiment
End-of-Day
14.23%
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Noventiq Holdings PLC (NVIQ) has filed with the U.S. Securities and Exchange Commission a Registration Statement on Form F-4 in connection with the proposed Business Combination with Corner Growth Acquisition Corp (COOL). The company delivered revenue of $401.8 million in FY23, a 62.2% increase on a reported currency basis. Noventiq also completed a PCAOB audit on its financial statements for FY22 and FY23, showing a gross profit of $176.1 million, up 50.9% on a reported currency basis. The company has joined the Microsoft Intelligent Security Association and entered into a Strategic Collaboration Agreement with Amazon Web Services. Noventiq recently launched Weaver Peer, a knowledge-based AI assistant, and completed its re-domiciliation to the Cayman Islands.
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Rhea-AI Sentiment
End-of-Day
1.69%
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Noventiq (NVIQ) announces the launch of Weaver Peer, a knowledge-based AI assistant designed to streamline business processes and knowledge sharing. The platform, built by Noventiq subsidiary Intellya, integrates generative and machine-learning models to provide real-time answers and assistance, improving efficiency and contributing to overall business success. Weaver Peer is already available on Azure Marketplace and represents a milestone in the breadth of AI capabilities offered by Noventiq.
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0.79%
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Noventiq Holding PLC: Joining Microsoft Intelligent Security Association (MISA) to Advance Cybersecurity Solutions
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Noventiq Holdings PLC announces strategic collaboration agreement with Amazon Web Services
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0.36%
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Corner Growth Acquisition Corp. Unit

Nasdaq:COOLU

COOLU Rankings

COOLU Stock Data

336.56k
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United States of America
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About COOLU

o corner growth acquisition corp. (nasdaq: cool.u) is a special purpose acquisition company formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses or entities in the technology industry with emphasis on fintech, healthtech, artificial intelligence, and robotics. the company raised $350,000,000 in an ipo in december 2020.