United Royale Group Holdings Corp.
30.7.2021 14:33:45 CEST | ACCESS Newswire | Press release
TORONTO, ON / ACCESSWIRE / July 30, 2021 / United Royale Group Holdings Corp. (OTC:URYL) is pleased to announce the execution of a non-binding letter of intent ('LOI') with TrueNorth Quantum Inc. ('TrueNorth'), the creator of the Northern Shield cloud platform for building institutional-grade decentralized applications for FinTech, MedTech, AgTech, and HealthTech United Royale Group Holdings Corp. ('URYL'). Pursuant to the LOI, URYL will offer to acquire all of the issued and outstanding common shares of TrueNorth on the basis of 14 common shares of URYL for each common share of TrueNorth, wherein TrueNorth will become a subsidiary of URYL (the 'Transaction'). The parties are in the process of negotiating the definitive documents for and structuring the Transaction.
URYL common shares are quoted on OTC Markets' OTCQB market. The Transaction will be subject to the approval of shareholders of TrueNorth and other conditions typical of transactions of this nature. When definitive agreements between URYL and the shareholders of TrueNorth are executed, which is expected to occur shortly, TrueNorth will issue a subsequent press release containing the details of the definitive agreements and additional terms of the Transaction.
About TrueNorth Quantum Inc.
TrueNorth Quantum Inc. is the creator of the Northern Shield, an innovative, scalable, institutional-grade cloud platform that enables the rapid build and scale of decentralized applications across multiple industries. The Northern Shield Platform-as-a-Service offers advanced data security protocols and workflow management, built on a flexible microservices ecosystem. As a development partner, True North Quantum seeks opportunities to accelerate innovation, including investment in disruptive technologies we believe will change the world. Our partner acceleration model, which offers application development services, rapid prototyping, transactional revenue pricing and capital injection, enables industry disruptors to succeed, no matter where they are in their business journey.
For more information on TrueNorth Quantum Inc. click the link below:
or email: investor@truenorthquantum.com
Forward-Looking Statements
Forward-looking statements and risks and uncertainties discussed in this letter contain forward-looking statements. The words 'anticipate,' 'believe,' 'estimate,' 'may,' 'intend,' 'expect,' and similar expressions identify such forward-looking statements. Expected, actual results, performance, or achievements could differ materially from those contemplated, expressed, or implied by the forward-looking statements contained herein. Forward-looking statements are subject to a number of risks and uncertainties, including but not limited to, risks and uncertainties associated with, among other things, the impact of economic, competitive, and other factors affecting our operations, markets, products, and performance. The matters discussed herein should not be construed in any way, shape or manner as indicative of our future financial condition or stock price or that the intended acquisition will be consummated.
SOURCE: United Royale Group Holdings Corp.
View source version on accesswire.com:
https://www.accesswire.com/657757/United-Royale-Group-Holdings-Corp-enters-into-a-Share-Exchange-Letter-of-Intent-with-TrueNorth-Quantum-Inc
To view this piece of content from www.accesswire.com, please give your consent at the top of this page.
About ACCESS Newswire
Subscribe to releases from ACCESS Newswire
Subscribe to all the latest releases from ACCESS Newswire by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from ACCESS Newswire
Karbon-X Reports $60.8 Million in Nine-Month Revenue and Files Q3 Form 10-Q21.4.2026 17:40:00 CEST | Press release
CALGARY, AB / ACCESS Newswire / April 21, 2026 / Karbon-X Corp. (OTCQX:KARX) ("Karbon-X" or the "Company"), a vertically integrated climate solutions company, today announced that it has filed its Quarterly Report on Form 10-Q for the nine months ended February 28, 2026. The filing reflects Karbon-X's continued expansion in global carbon markets, with year-to-date revenue of $60.8 million, a strengthened balance sheet, and a growing project pipeline, supported by increasing demand for high-integrity carbon solutions. "Karbon-X has scaled significantly over the past twelve months, with nine-month revenue of $60.8 million reflecting strong commercial execution across our trading operations," said Chad Clovis, Chief Executive Officer of Karbon-X Corp. "While Q3 trading volumes reflected expected variability in settlement timing across international markets, our underlying business continues to strengthen. We remain focused on disciplined growth across trading, project development, and dig
Karbon-X Reports $60.8 Million in Nine-Month Revenue and Files Q3 Form 10-Q21.4.2026 17:40:00 CEST | Press release
CALGARY, AB / ACCESS Newswire / April 21, 2026 / Karbon-X Corp. (OTCQX:KARX) ("Karbon-X" or the "Company"), a vertically integrated climate solutions company, today announced that it has filed its Quarterly Report on Form 10-Q for the nine months ended February 28, 2026. The filing reflects Karbon-X's continued expansion in global carbon markets, with year-to-date revenue of $60.8 million, a strengthened balance sheet, and a growing project pipeline, supported by increasing demand for high-integrity carbon solutions. "Karbon-X has scaled significantly over the past twelve months, with nine-month revenue of $60.8 million reflecting strong commercial execution across our trading operations," said Chad Clovis, Chief Executive Officer of Karbon-X Corp. "While Q3 trading volumes reflected expected variability in settlement timing across international markets, our underlying business continues to strengthen. We remain focused on disciplined growth across trading, project development, and dig
Graid Technology Launches Agentic AI Storage Portfolio to Eliminate KV Cache Bottlenecks21.4.2026 17:00:00 CEST | Press release
From edge inference to NVIDIA STX, purpose-built KV cache infrastructure for consistent performance at scale. SUNNYVALE, CA / ACCESS Newswire / April 21, 2026 / Graid Technology, the pioneer in GPU-accelerated NVMe storage, today announced its Agentic AI Storage Portfolio: a purpose-built family of KV cache solutions designed to eliminate the storage bottleneck that stalls "always-on" production AI. The portfolio spans three deployment tiers: KV Cache Server, KV Cache Rack, and KV Cache Platform, all built on SupremeRAID™ technology. KV Cache Platform, the portfolio's highest tier, is purpose-aligned to NVIDIA's STX reference architecture, with native BlueField-4 DPU execution on the roadmap for H2 2026. As agentic AI moves from experimentation to production, the infrastructure assumptions that underpinned single-shot inference have broken down. Models running continuous multi-step tasks and maintaining context across hours of operation generate KV cache demands that overwhelm GPU HBM.
Graid Technology Launches Agentic AI Storage Portfolio to Eliminate KV Cache Bottlenecks21.4.2026 17:00:00 CEST | Press release
From edge inference to NVIDIA STX, purpose-built KV cache infrastructure for consistent performance at scale. SUNNYVALE, CA / ACCESS Newswire / April 21, 2026 / Graid Technology, the pioneer in GPU-accelerated NVMe storage, today announced its Agentic AI Storage Portfolio: a purpose-built family of KV cache solutions designed to eliminate the storage bottleneck that stalls "always-on" production AI. The portfolio spans three deployment tiers: KV Cache Server, KV Cache Rack, and KV Cache Platform, all built on SupremeRAID™ technology. KV Cache Platform, the portfolio's highest tier, is purpose-aligned to NVIDIA's STX reference architecture, with native BlueField-4 DPU execution on the roadmap for H2 2026. As agentic AI moves from experimentation to production, the infrastructure assumptions that underpinned single-shot inference have broken down. Models running continuous multi-step tasks and maintaining context across hours of operation generate KV cache demands that overwhelm GPU HBM.
87% of HR Leaders Have Conducted or Plan Layoffs in 2026. New LHH Research Reveals How Integrated Outplacement and Targeted Redeployment Protect Future Talent and Support Those Who Must Leave21.4.2026 14:07:00 CEST | Press release
Only 19% of employees recognize redeployment programs that 77% of HR leaders say exist, revealing a critical visibility gap that prevents organizations from retaining future-critical talent and fulfilling their duty of care to departing employees. NEW YORK CITY, NY / ACCESS Newswire / April 21, 2026 / New research from LHH, a global talent solutions provider and business unit of the Adecco Group, finds that 87% of HR leaders say their organization has already conducted or is planning layoffs in the next 12 months, driven by skills displacement, AI transformation, and shifting market demands. At the same time, 62% of employers track rehiring costs and nearly three quarters of those organizations acknowledge that rehiring costs are more than targeted redeployment and mobility. The findings, published in LHH's The Mobility Breakdown: Redeployment and Outplacement Trends Report reveal that as workforce restructuring becomes continuous, most organizations lack integrated outplacement and ta
In our pressroom you can read all our latest releases, find our press contacts, images, documents and other relevant information about us.
Visit our pressroom