Iveda Solutions Stock Price, News & Analysis

Iveda Solutions (NASDAQ: IVDA) has announced a 1-for-8 reverse stock split of its common stock, effective September 17, 2024. This move will reduce the company's outstanding and authorized shares, with each 8 shares being combined into 1. The publicly traded common stock purchase warrants (NASDAQ: IVDAW) will also be adjusted, with 8 warrants now required to acquire one share at a revised price of $34.00 per share. The company's authorized common stock will decrease from 37,500,000 to 4,687,500 shares.

CEO David Ly stated that the primary goal is to maintain IVDA's listing on the Nasdaq Capital Market. However, the company cannot guarantee that the post-split stock price will reflect the split ratio or remain above pre-split levels. Trading on a split-adjusted basis is expected to begin on September 17, 2024, with no fractional shares issued.

Iveda Solutions (NASDAQ: IVDA), a cloud-based AI leader, has announced a $2.15 million registered direct offering priced at-the-market under Nasdaq rules. The company will issue 5,000,000 shares of common stock (or pre-funded warrants) at $0.43 per share. Additionally, Iveda will issue unregistered Series A and B warrants for up to 5,000,000 shares each in a concurrent private placement. The offering is expected to close around September 6, 2024. H.C. Wainwright & Co. is the exclusive placement agent. Iveda plans to use the net proceeds for working capital and general corporate purposes. The offering includes a shelf registration statement and a private placement under Section 4(a)(2) of the Securities Act.

Iveda (NASDAQ: IVDA) announces the application of its AI vision software, vumastAR, to recognize and respond to oil spills. The company is developing this technology for proof-of-concept projects with major oil companies in Australia and the United States. VumastAR's AI-driven detection and automatic alerts aim to reduce manual checks, resulting in labor savings and faster detection times.

The global oil spill management market is projected to grow from $153.38 billion in 2023 to $175.79 billion by 2028. Iveda's custom AI model will provide immediate alerts for rapid response, minimizing environmental impacts and operational costs. The technology's versatility extends beyond oil spills, serving multiple industries and aligning with ESG principles.

Iveda (NASDAQ:IVDA) has filed a patent for LevelNOW, an innovative IoT sensor solution for remote monitoring and control of liquid storage. This technology addresses critical issues in industries like oil and gas, where billions are invested in liquid storage infrastructure. LevelNOW offers real-time monitoring, helping companies tackle problems such as leaks, evaporation, and theft during liquid transit and storage.

The patent covers a customizable IoT sensor that can measure liquid levels externally on various container sizes and shapes, eliminating the need for expensive internal replacement sensors. LevelNOW is already being used by a major oil company in Australia to optimize customer care and just-in-time refills. With the intermediate bulk container (IBC) and metal drum market projected to grow to $24.1B+ by 2030, LevelNOW is well-positioned to address industry growth opportunities.

Iveda (NASDAQ: IVDA) has expanded its AI-powered solutions at Waymark Gardens, a senior living facility in Glendale, AZ. The facility now integrates IvedaCare, a sensor-based HIPAA-compliant solution, with IvedaAI, a real-time AI video search platform. This combination enhances safety and operational efficiency in public spaces, allowing for swift detection of falls and critical incidents.

The integration serves as a blueprint for remote patient monitoring, supporting Iveda's subcontract with Movement Interactive under a $1.032 billion, eight-year Veterans Affairs contract. IvedaCare recently won the 2024 Excellence in AI Award for its application in senior care. The solution provides comprehensive monitoring in both private and public areas, ensuring resident safety while maintaining independence.

Iveda (NASDAQ:IVDA) has launched IvedaAI™ Forensics Desk, an AI-powered tool for law enforcement in the Philippines. This technology provides intelligent video search, facial and license plate recognition, and target object search, enhancing crime-solving capabilities. The Forensics Desk, priced at $17,000 USD, can analyze video footage from various sources within seconds.

Iveda is in talks with multiple agencies and businesses across the Philippines, with several government sales expected by fall 2024. The company aims to tap into the growing global video surveillance market, projected to reach $16.3 billion USD by 2028. This initiative aligns with Iveda's mission to make AI technology more accessible and enhance public safety.

Iveda (NASDAQ: IVDA) has formed a strategic partnership with the Arab Organization for Industrialization (AOI) and ZeroTech to enhance AI-powered security solutions in Egypt. This collaboration leverages IvedaAI’s intelligent video search technology to upgrade ZeroTech’s security offerings, positioning the company strongly in the Egyptian market. The AI market in Egypt is projected to reach $877M by 2024, driven by the government's plan to introduce 38 new smart cities by 2050. The partnership aims to integrate AI into video surveillance, fire and intrusion detection, fingerprint and access control, and home automation systems, creating smarter security solutions. This alliance is expected to benefit communities with immediate safety improvements and represents a significant step in Iveda’s regional expansion, which began with a partnership with AOI in August 2023.

Iveda (NASDAQ: IVDA) has launched LevelNOW, a cutting-edge tracking and monitoring solution for efficient liquid storage management. The LevelNOW solution targets oil and gas companies, industrial organizations, and government agencies, offering advanced fluid monitoring, GPS tracking, and real-time alerts to enhance operational efficiency and ensure environmental compliance. Iveda has already received an initial order of 1,000 LevelNOW units from a leading Australian oil company. The global tank level monitoring system market is projected to reach $1,057 million by 2025, positioning Iveda as a key player in the industry.