Tag: industry

BEIJING, June 24, 2026 (GLOBE NEWSWIRE) -- Autozi Internet Technology (Global) Ltd. (“Autozi” or the “Company”) (NASDAQ: AZI), one of the leading and fast-growing lifecycle automotive service providers in China, today announced that it entered into a definitive Securities Purchase Agreement (the “Agreement”) with an institutional investor (the “Buyer”) on June 22, 2026, pursuant to which the Company issued to the Buyer an advance promissory note (the “Initial Note”). The closing of the transaction contemplated by the Agreement occurred on June 23, 2026 (the “Closing Date”). The transaction will result in gross proceeds to the Company of up to $5.25 million. Proceeds from the transaction will enhance Autozi’s financial flexibility to support its strategic growth initiatives and expand operational capacity.

Fiscal 2026 Net Income Expected Between $15 Million and $18 Million
Adjusted EBITDA Expected between $75 Million and $77 Million, an increase of 26% to 30%
First Day Program Revenues Estimated to Increase 27% to 28%
Board of Directors Declares Quarterly Dividend of $0.08 per Common Share

New partnership will develop and enable AI technology that will reduce energy use and enhance ingredient production

Two of the most experienced operators in commercial credit risk and data engineering join the founding team of the first credit rating agency built for the state-regulated cannabis industry

The global experiential agency wins Bronze for its high-impact work on one of the creative industry's most massive annual events

DALLAS, June 24, 2026 (GLOBE NEWSWIRE) -- The Kevin Kuykendall Grant for Student Athletes officially opens its application cycle, offering a dedicated financial award to undergraduate students nationwide who balance academic pursuits with athletic ambitions. Founded by seasoned entrepreneur and former professional baseball player Kevin D. Kuykendall, this initiative supports the next generation of sports industry leaders, including competitive athletes, future coaches, and aspiring sports management professionals.