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Korean Megahit Shampoo, Grabity, Launches in Taiwan “Just wash your hair—and it’ll look thicker.”

  • The K-beauty shampoo developed by a world-renowned scientist from MIT has become a hot topic following its launch on Taiwan’s Momo Home Shopping channel

  • Clinically proven: one use increases hair thickness by 19.22% and volume by 87.27%

  • 100% vegan formula, Dermatest “Excellent” rating, eco-friendly packaging—epitomizing clean beauty

TAIPEI and SEOUL, South Korea, May 23, 2025 /PRNewswire/ — The Korean hair loss care brand Grabity, co-developed by world-renowned MIT scientist Professor Haeshin Lee and researchers from KAIST (Korea Advanced Institute of Science and Technology), officially launched in Taiwan on May 22 through Momo TV Shopping, where it received an explosive response—selling out mostly during its debut broadcast.

Korean Megahit Shampoo, Grabity, Launches in Taiwan “Just wash your hair—and it’ll look thicker.”
Korean Megahit Shampoo, Grabity, Launches in Taiwan “Just wash your hair—and it’ll look thicker.”

The live show aired at 8 PM on the 22nd, hosted by Sharon Tsui, a prominent Momo TV Shopping personality. Tsui emphasized the product’s scientific backing throughout the segment. The entire stock exhausted shortly in record time, and both Momo’s website and customer service center were soon overwhelmed with restock inquiries.

Grabity Shampoo features a high concentration of KAIST’s patented active ingredient, LiftMax 308™, a polyphenol-based complex that forms a protective barrier on hair strands to reduce damage. Clinical trials have proven that a single use increases hair thickness by 19.22% and volume by 87.27%.

Its delivery and sustained-release mechanisms were published in the peer-reviewed international journal Advanced Materials Interfaces, offering strong scientific validation.

Grabity is formulated with a 100% vegan blend using EWG Grade 1 ingredients and has earned an Excellent rating from Germany’s Dermatest, fully aligning with the rising global demand for clean beauty. The shampoo is also packaged in sustainable containers made from recycled coconut shells.

Since its launch in Korea just one year ago, Grabity has become a runaway hit—recording over 1.2 million units sold and KRW20 billion (approx. USD15M) in cumulative sales. It famously sold out in just 39 minutes at Korea’s top H&B store Olive Young, with resale prices reaching up to five times retail. Its rapid sellout in Taiwan is seen as a strong signal for further expansion across Asia’s premium beauty market.

A Momo TV Shopping spokesperson stated, “Grabity is the perfect global partner, offering functionality, a compelling brand story, and a commitment to sustainability. We look forward to bringing more world-class brands to Taiwanese consumers.”

About Polyphenol Factory
Polyphenol Factory was founded in 2023 as a startup by faculty members of KAIST (Korea Advanced Institute of Science and Technology). With a team of world-class scientists and young innovators, the company is commercializing cutting-edge technologies derived from natural polyphenols. With the vision of “innovating everyday life through science,” Polyphenol Factory is driving new waves of change in the global market.

Press Contact:
Anna Lee
yimijin@gmail.com

Great Novel Therapeutics Biotech & Medicals Corporation (GNTbm) Presented Preclinical Data on GNTnm-38, an Novel Epigenetic Immune Activator, at the 2025 ASCO Annual Meeting

TAIPEI, May 23, 2025 /PRNewswire/ — GNTbm (stock code: 7427, Taiwan) announced the preclinical data on GNTbm-38, an novel epigenetic immune activator for cancer immunotherapy. GNTbm-38 was presented as posters at the 2025 American Association of Clinical Oncology (ASCO) Annual Meeting, which is held in Chicago, USA, from May 30 to Jun 04, 2025.

Abstract: 2574

Title: Preclinical development of GNTbm-38, a novel class I histone deacetylase inhibitor, while combined with anti-VEGFR TKI or anti-PD-1 Ab: Assessment of immune activation and immune memory in cancer immunotherapy.

Session Date/Time: 6/2/2025, 1:30 PM-4:30 PM CT

Poster Board Number: 221

At present, there is no ICI-based drug combination for the treatment of advanced MSS colorectal cancer, which is a cold tumor. Studies have shown that epigenetic regulators such as class I HDAC inhibitors are an emerging and important drug component for combination therapy that can greatly increase the anti-cancer benefits of cancer immunotherapy. Therefore, rational drug combinations, containing class I HDACi, may provide opportunities in cancer immunotherapy.

GNTbm-38 is a new drug candidate independently developed by GNTbm. GNTbm-38 acts as a TME reprogramming regulator in immunotherapy. When combined with TKI, GNTbm-38 significantly improved tumor response rate and survival rate through synergistic effect by normalizing tumor vessels, increasing tumor antigen presentation, increasing activated CD8+ T cell infiltration into tumors, inducing memory T cell persistence, and inhibiting mobilization of immunosuppressive cells into tumors. On the other hand, treatment with GNTbm-38 plus anti-PD-1 antibody in the CT-26 model showed greatly improved tumor response rate and survival rate with a strong synergistic effect. Furthermore, in B-hPD-1/hPD-L1 mice (humanized model) subcutaneously injected with B-hPD-L1 CT-26 cells, treatment of pembrolizumab and GNTbm-38 resulted in a 46.5% inhibition on tumor growth. Therefore, our data provided a strong rationale to explore the combination of GNTbm-38 with anti-VEGF TKI with or without ICI. From these data GNTm-38 has been shown to display powerful induction of immune activation and immune memory in combination therapy with TKI/ICI against colon CT-26 cold tumor. Based on the in vitro, in vivo and preclinical studies, these data show that GNTbm-38 exhibits markedly superior pharmacokinetics, tolerability, and efficacy in animal models. It is expected to complete the US IND application by the end of 2025 and enter the clinical study.

About GNTbm-38

GNTbm-38 is a new chemical entity with potential as a pivotal drug component of a new generation of cancer immunotherapy independently developed by GNTbm. It is a drug candidate selected by an immuno-competent tumor-bearing animal testing platform, and has undergone many preclinical research studies to confirm that it has very outstanding anti-cancer activity in tumor microenvironment. GNTbm-38 is an oral drug with dual effects of epigenetic regulation of gene expression and immune activation, which is unique when compared to the mechanism of other epigenetic drugs. GNTbm-38 can remodel the tumor microenvironment (TME) through a unique epigenetic regulatory mechanism, including the cell composition and gene expression that affect the TME, so that “cold tumors” can be transformed into “hot tumors”, which can attract CTL to infiltrate into the TME, and at the same time, it can also reduce the attraction of immunosuppressive cells (such as : TAM, Treg, and MDSCs) into the TME, so as to achieve the remodeling of the TME, which is more conducive to obtaining the therapeutic benefits of cancer immunotherapy. GNTbm-38 monotherapy can be used in the treatment of hematological tumors, and GNTbm-38 can also be combined with a unique multi-kinase inhibitor or immune checkpoint inhibitor for treatment of a variety of solid tumors, mainly through a unique anti-cancer immune-regulating mechanism to achieve anti-cancer treatment goals.

About GNTbm

GNTbm (stock code: 7427, Taiwan) is a company that has conducted clinical trials and developed a new drug against advanced breast cancer on the market in Taiwan. The GNTbm R&D team has the ability to independently develop new drugs, and has multiple anti-cancer drug candidates with global development rights, with the goal of meeting the unmet clinical needs of patients with advanced cancers. GNTbm mainly focuses on the development of drugs with innovative mechanisms for the new generation of cancer immunotherapy, conducts clinical validation, and hopes to successfully provide novel immunotherapy with excellent efficacy and safety for varieties of cancer indications, to fulfil the unmet medical needs of patients around the world and improve the quality of life of patients.

 

Nota AI seeks KOSDAQ listing as the first AI optimization tech startup

  • Strategic partnerships with NVIDIA, Qualcomm, Samsung Electronics accelerate global expansion
  • Revenue grows tenfold in five years, validating tech-driven business model

SEOUL, South Korea, May 23, 2025 /PRNewswire/ — Nota AI, a pioneer in on-device AI, announced today the submission of its preliminary IPO application to the Korea Exchange, positioning itself as the first AI optimization technology firm to seek a KOSDAQ listing. Mirae Asset Securities serves as the lead underwriter for the IPO, which will offer approximately 2,916,000 shares publicly out of a total issuance of 21,161,880 shares.

Nota AI seeks KOSDAQ listing as the first AI optimization tech startup
Nota AI seeks KOSDAQ listing as the first AI optimization tech startup

In December last year, Nota AI became the first AI optimization technology startup to achieve an ‘A’ rating from both NICE Information Service and Korea Technology Finance Corporation, officially recognizing its technological strength and business viability.

Nota AI’s proprietary platform, NetsPresso®, automates AI model optimization, enabling efficient deployment on resource-constrained edge devices, significantly reducing operational costs. The company collaborates with global semiconductor leaders such as NVIDIA, Qualcomm, Samsung Electronics, Arm, and Sony, driving continuous technological innovation and market expansion. Nota AI’s notable client base includes several Fortune Global 500 companies. Recently, CB Insights recognized Nota AI as one of the “100 Most Innovative AI Startups,” underscoring its global recognition.

Nota AI’s generative AI-based video monitoring solution, Nota Vision Agent (NVA), has successfully been deployed in diverse sectors such as industrial safety, transportation, and retail. Recently, Nota AI secured a landmark agreement with Dubai’s Roads and Transport Authority, the first-ever Korean firm to do so, demonstrating its strong international commercial viability.

Proceeds from the IPO will support the recruitment of top-tier talent, enhance global market expansion efforts, and accelerate the advancement of its product offerings. Nota AI currently operates international subsidiaries in Berlin, Germany (since 2020), and Sunnyvale, USA (since 2022), and is actively expanding into key markets including the Middle East, Japan, and Southeast Asia.

“Our IPO filing is a critical milestone affirming our position as global leaders in AI optimization technology,” said Myungsu Chae, CEO of Nota AI. “This IPO will accelerate our innovation capabilities and significantly boost our global market penetration.”

Since its inception, Nota AI has secured $42.6 million in investments from prominent investors including Samsung, LG, Naver D2SF, and Kakao. Last year, the company’s revenue reached $5.86 million, representing a substantial 136% growth year-over-year, with continued strong growth projected to exceed 67% this year, reflecting the robust scalability of its technology-driven business model.

Webull Reports First Quarter 2025 Financial Results

Total revenues grew 32% year-over-year to $117 million, reflecting strong account and trading volume growth

Customer assets increased 45% year-over-year, driven by increased customer net deposits

Disciplined execution alongside robust revenue growth driving profitability

ST. PETERSBURG, Fla., May 23, 2025 /PRNewswire/ — Webull Corporation (NASDAQ: BULL) (“Webull” or the “Company”) today announced financial results for the quarter ending March 31, 2025.

“We are proud to have delivered a very strong first quarter, driven by significant account and trading volume growth that reflects continued demand for Webull’s differentiated trading platform,” said Anthony Denier, Webull’s Group President and U.S. CEO. “We believe our results speak to our strong value proposition, reliable and innovative platform, and focus on global distribution to meet the needs of our sophisticated retail customers. Moving forward we will remain focused on broadening our product portfolio, introducing new asset classes, and expanding access to customers globally, all with the goal of strengthening the customer experience to further expand our position as the advanced retail investment platform of choice.”

“In the first quarter, we continued to execute on our strategy and achieved impressive momentum across the business, growing total revenues by 32% alongside strong improvements on the bottom line,” said H.C. Wang, Group CFO of Webull. “We continue to see strong account growth as our global teams execute on our strategy in 2025 to address and meet the long-term investing needs of individual investors around the world.”

First Quarter Business and Financial Highlights                                                                                 

  • Total revenues increased 32% year-over-year to $117.4 million.
  • Trading-related revenue increased 52% year-over-year.
  • Total operating expenses decreased 2.0% year-over-year to $96.8 million.
  • Adjusted operating expenses increased 2.4% year-over-year to $88.7 million.
  • Income before income taxes increased $29.3 million year-over-year from a loss of $9.8 million to income of $19.5 million.
  • Net income attributable to the Company increased $25.5 million year-over-year from a loss of $12.6 million to income of $12.9 million.
  • Adjusted operating profit totaled $28.7 million for the quarter, representing an increase of $26.4 million year-over-year and a 22 percentage point improvement in operating margin to 24.4%.
  • Customer assets totaled $12.6 billion, representing 45% year-over-year growth, driven by strong net deposits, which grew 66% year-over-year.
  • Registered users increased 17% year-over-year to 24.1 million users.
  • Funded accounts increased to 4.7 million, representing 10% year-over-year growth.
  • Equities notional volume grew to $128 billion, a 15% year-over-year increase.
  • Options contracts volume grew to 121 million, an 8% year-over-year increase.
  • DARTs increased to 924 thousand, representing a 44% year-over-year growth.

Company Highlights

  • In February, we partnered with Kalshi, the first CFTC-regulated exchange with prediction markets, to offer our users the ability to trade binary event contracts on the Webull platform. Webull initially offered S&P 500 and Nasdaq hourly binary contracts.
  • In March, we successfully launched Webull Premium, a subscription-based membership service that unifies the Company’s best-in-class products and offers an elevated investing experience for our users. As of May 15, 2025, Webull Premium had approximately 40,000 users, representing nearly $2.0 billion in customer assets.
  • Subsequent to the close of the first quarter, Webull consummated its previously announced business combination and its Class A ordinary shares, warrants and incentive warrants began trading on Nasdaq.
  • In May, we enhanced the Webull Advisors platform by partnering with BlackRock to offer model portfolios. Webull Advisors now delivers intelligent, automated wealth management tools to its U.S.-based customers. Investors can now access a range of professionally managed, diversified portfolios across various asset classes, including alternatives and digital assets.
  • In May, we also announced our collaboration with Visa on the U.S. platform, whereby Webull users can efficiently transfer money between their Webull brokerage account and external bank accounts through Visa Direct.

Conference Call Information

Webull will host a conference call to discuss its results at 5:00 p.m. E.T. today, May 22, 2025. The conference call can be accessed at https://event.choruscall.com/mediaframe/webcast.html?webcastid=SMs1hkAY or participants may dial 1-866-652-5200 (U.S.) or 1-412-317-6060 (international).

Following the call, a replay and transcript will be available on the Company’s website at www.webullcorp.com/investor-relations, as well as the earnings press release and accompanying slide presentation.

About Webull Corporation 

Webull Corporation (NASDAQ: BULL) owns and operates Webull, a leading digital investment platform built on next-generation global infrastructure. Through its global network of licensed brokerages, Webull offers investment services in 14 markets across North America, Asia Pacific, Europe, and Latin America. Webull serves more than 24 million registered users globally, providing retail investors with 24/7 access to global financial markets. Users can put investment strategies to work by trading global stocks, ETFs, options, futures, and fractional shares through Webull’s trading platform, which seamlessly integrates market data and information, its user community, and investor education resources. Learn more at www.webullcorp.com.

Contacts

For Investors
ir@webullcorp.com 

For Media
5W Public Relations
Nicholas Koulermos
Webull@5wpr.com
(212) 999-5585

Use of Non-GAAP Financial Measures

We use adjusted operating profit and adjusted operating expenses, both non-GAAP financial measures, to evaluate our operating results and for financial and operational decision-making purposes.  Adjusted operating profit represents income (loss) from continuing operations, before income taxes, excluding share-based compensation expenses, and other expense (income), net.  Adjusted operating expenses represent total operating expenses, excluding share-based compensation expenses.

We believe that both adjusted operating profit and adjusted operating expenses help identify underlying trends in our business that could otherwise be distorted by the effect of certain expenses that we include in income from continuing operations, before income taxes, and total operating expenses. We believe that adjusted operating profit and adjusted operating expenses provide useful information about our operating results, enhances the overall understanding of our past performance and future prospects and allows for greater visibility with respect to key metrics used by our management in its financial and operational decision-making.

Adjusted operating profit and adjusted operating expenses should not be considered in isolation or construed as an alternative to income from continuing operations, before income taxes, and total operating expenses or any other measure of performance or as an indicator of our operating performance. Investors are encouraged to compare the historical non-GAAP financial measures to the most directly comparable GAAP measures. Adjusted operating profit and adjusted operating expenses presented here may not be comparable to similarly titled measures presented by other companies. Other companies may calculate similarly titled measures differently, limiting their usefulness as comparative measures to our data. We encourage investors and others to review our financial information in its entirety and not rely on a single financial measure.

For more information on these non-GAAP financial measures, please see the table captioned “Unaudited Reconciliations of Non-GAAP and GAAP Financial Measures” set forth at the end of this press release.

Definitions

“Customer assets” refer to the sum of the fair value of all equities, ETFs, options, warrants, futures, and cash held by customers in their Webull brokerage accounts, net of customer margin balances, as of the record date. While customer assets are significantly impacted by mark-to-market valuations of customers’ investments, we consider customer assets an important metric as growth in customer assets generally leads to an increase in trading volumes and revenue.

“DARTs” refers to daily average revenue trades, which is the number of customer trades executed during a given period divided by the number of trading days in that period. DARTs provide us information on how active our customers trade. A limitation of this metric is that it does not capture the size of the trade and revenue per trade varies significantly depending on size and type of trades.

“Equities notional volume” refers to the aggregate dollar value (purchase price or sale price as applicable) of trades executed over a specified period of time. Equity notional volume directly drives our equities trading revenue, as we earn payment for order flow or commissions for customers’ equities trades based on a percentage of notional value. However, equity notional volume is highly sensitive to market conditions in the short-term, which makes predicting our equity trading revenue with precision difficult.

“Funded accounts” refer to Webull brokerage accounts into which the customer has made an initial deposit or money transfer, of any amount, whose account balance (which is measured as the fair value of assets in the customer’s account less the amount due from the customer) has not dropped to or below zero for 45 consecutive calendar days as of the record date. Funded accounts reflect unique customers, and multiple funded accounts by a single customer are counted as one funded account. Growth in our funded accounts provides insight as to the effectiveness of our marketing efforts and our ability to acquire monetizable customers. Funded accounts are positively correlated with, but are not determinative, of customer assets, trading volumes, and revenue.

“Options contracts volume” refers to the total number of options contracts bought or sold over a specified period of time. Options contracts volume directly drives our options trading revenue, as we earn payment for order flow or commissions for customers’ options trades on a per contract basis. However, options contracts volume is highly sensitive to market conditions in the short-term, which makes predicting our options trading revenue with precision difficult.

“Registered users” refer to those users who have registered on our platform but not necessarily have opened a brokerage account with one of our licensed broker-dealers. Growth in our registered users provides insight as to the popularity of the Webull App. While we do not generate revenue from registered users who do not have brokerage accounts with us, registering an account on the Webull App is the first step toward opening and funding a brokerage account with us. 

Webull Corporation

Condensed Consolidated Statements of Financial Position

March 31,
2025

December 31,
2024

(Unaudited)

Assets

Cash and cash equivalents

$

297,480,490

$

270,728,008

Cash and cash equivalents segregated under federal and foreign requirements

906,742,825

939,232,153

Receivables from brokers, dealers, and clearing organizations

219,258,173

262,093,040

Receivables from customers, net

299,765,984

301,107,428

Prepaid expenses and other current assets

61,313,557

50,344,836

Customer-held fractional shares

105,839,019

108,252,531

Total current assets

1,890,400,048

1,931,757,996

Right-of-use assets

64,604,135

66,293,751

Property and equipment, net

33,204,229

33,629,770

Intangible assets, net

19,937,282

19,415,963

Goodwill

5,197,438

5,197,438

Deferred tax assets

10,159,867

12,374,499

Total non-current assets

133,102,951

136,911,421

Total assets

$

2,023,502,999

$

2,068,669,417

Liabilities, mezzanine equity, and shareholders’ equity

Payables due to customers

$

1,312,281,169

$

1,378,625,130

Payables due to brokers, dealers, and clearing organizations

5,684,067

1,490,537

Lease liabilities – current portion

3,384,966

4,969,959

Accounts payable and other accrued expenses

56,827,363

61,079,799

Total current liabilities

1,378,177,565

1,446,165,425

Lease liabilities – non-current portion

10,318,113

10,438,555

Deferred tax liabilities

5,484,358

5,292,255

Total non-current liabilities

15,802,471

15,730,810

Total liabilities

1,393,980,036

1,461,896,235

Commitments and Contingencies

Mezzanine equity

Convertible redeemable preferred shares (aggregate liquidation preference of
$644,274,805 and $644,132,365 as of March 31, 2025 and December 31, 2024,
respectively; and aggregate redemption value of $2,883,451,470 and
$2,861,748,733 as of March 31, 2025 and December 31, 2024, respectively)

2,883,451,470

2,861,748,733

Total mezzanine equity

2,883,451,470

2,861,748,733

Shareholders’ deficit

Class A ordinary shares ($0.0001 par value; 4,000,000,000 shares authorized,
143,531,581 and 139,307,244 shares issued and outstanding, respectively, as of
March 31, 2025 and December 31, 2024) 

13,931

13,931

Class B ordinary shares ($0.0001 par value, 1,000,000,000 shares authorized,
no shares issued and outstanding as of March 31, 2025 and December 31, 2024,
respectively;)

Treasury shares (4,224,356 shares as of March 31, 2025 and December 31, 2024)

Additional paid in capital

Accumulated deficit

(2,241,614,509)

(2,241,066,624)

Accumulated other comprehensive loss

(13,426,170)

(15,195,946)

Total shareholders’ deficit

(2,255,026,748)

(2,256,248,639)

Noncontrolling interest

1,098,241

1,273,088

Total deficit

(2,253,928,507)

(2,254,975,551)

Total liabilities, mezzanine equity, and total deficit

$

2,023,502,999

$

2,068,669,417

 

Webull Corporation

Unaudited Condensed Consolidated Statements of Operations and Comprehensive Income (Loss)

For the Three Months Ended
March 31,

2025

2024

Revenues

Equity and option order flow rebates

$

64,111,182

$

43,912,117

Interest related income

31,140,064

32,497,629

Handling charge income

17,547,010

9,704,509

Other revenues

4,570,579

2,821,465

Total revenues

117,368,835

88,935,720

Operating expenses

Brokerage and transaction

23,245,456

17,932,844

Technology and development

16,924,892

14,890,082

Marketing and branding

22,991,038

34,014,065

General and administrative

33,620,720

31,908,841

Total operating expenses

96,782,106

98,745,832

Other expense, net

1,089,417

26,492

Income (loss) before income taxes

19,497,312

(9,836,604)

Provision for income taxes

6,558,225

2,715,461

Net income (loss)

12,939,087

(12,552,065)

Less net loss attributable to noncontrolling interest

(146,720)

(121,820)

Net income (loss) attributable to the Company

13,085,807

(12,430,245)

Preferred shares redemption value accretion

(21,702,737)

(1,087,707,813)

Net loss attributable to ordinary shareholders

$

(8,616,930)

$

(1,100,138,058)

Net loss per share attributable to ordinary shareholders

Basic and diluted

$

(0.06)

$

(7.98)

Weighted-average shares outstanding

Basic and diluted

139,307,224

137,814,433

Net income (loss)

$

12,939,087

$

(12,552,065)

Other comprehensive loss, net of tax:

Change in cumulative foreign currency translation adjustment

1,741,649

(2,772,734)

Other comprehensive income (loss)

1,741,649

(2,772,734)

Comprehensive income (loss)

14,680,736

(15,324,799)

Less comprehensive loss attributable to noncontrolling interest

(146,720)

(121,820)

Less foreign currency translation adjustment attributable to noncontrolling interest        

(28,127)

(10,435)

Preferred shares redemption value accretion

(21,702,737)

(1,087,707,813)

Comprehensive loss attributable to ordinary shareholders

$

(6,847,154)

$

(1,102,900,357)

 

Webull Corporation

Unaudited Reconciliation of Non-GAAP and GAAP Financial Measures

Adjusted Operating Expenses Reconciliation

(Unaudited)

For the Three Months Ended
March 31,

2025

2024

Total operating expenses (GAAP)

$            96,782,106

$            98,745,832

Less:  Share-based compensation

8,069,045

12,136,815

Adjusted operating expenses (Non-GAAP)

$            88,713,061

$            86,609,017

Adjusted Operating Profit Reconciliation

(Unaudited)

For the Three Months Ended
March 31,

2025

2024

Income (loss) before income taxes (GAAP)

$            19,497,312

$            (9,836,604)

Add: Other expense (income), net

1,089,417

26,492

Add: Share-based compensation

8,069,045

12,136,815

Adjusted operating profit (Non-GAAP)

$            28,655,774

$              2,326,703

Contra Revenue Impact

Most of our platform users are not considered customers under ASC 606, Revenues from Contracts with Customers (“ASC 606”), and promotional payments made to these platform users are accounted for as a marketing and branding expense. Conversely, for our platform users who have been determined to be customers under ASC 606, we account for these promotional payments as a reduction in revenue.  The following presents how contra revenue impacted our trade related revenues.

For the Three Months Ended
March 31,

2025

2024

(unaudited) 

(unaudited)

Contra revenue impact on:                            

Option handling fees

$         (118,541)

$       (120,892)

Platform and trading fees

(2,709,988)

(956,392)

Total contra revenue

$      (2,828,529)

$     (1,077,284)

Statement regarding unaudited financial and operational information

The unaudited financial and operational information included in this press release is subject to potential adjustments and is based on the information available to management at this time. Potential adjustments to operational and consolidated financial information may be identified from work performed during Webull’s preparation of financial statements subsequently hereto or its year-end audit. Information may also be presented differently from the information included herein in the future. This could result in significant differences from the unaudited or other historical operational and financial information included herein. The financial information included in this press release does not reflect the closing of the previously announced business combination that occurred on April 10, 2025.

Cautionary Note Regarding Forward-Looking Statements

This press release includes “forward-looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact contained in this press release or other statements of the Company, including, for instance, statements as to business strategy and plans, future results of operations and financial position, planned products and services, objectives of management for future operations or strategies of the Company, market size and growth opportunities, competitive position and technological and market trends are forward-looking statements. Some of these forward-looking statements can be identified by the use of forward-looking words, including “anticipate,” “expect,” “suggests,” “plan,” “believe,” “predict,” “potential,” “seek,” “future,” “propose,” “continue,” “intend,” “estimates,” “targets,” “projects,” “should,” “could,” “would,” “may,” “will,” “forecast” or the negatives of these terms or variations of them or similar terminology although not all forward-looking statements contain such terminology.

All forward-looking statements are based upon current estimates and forecasts and reflect the reasonable views, assumptions, expectations, and opinions of the Company and its management as of the date of this press release, and are therefore subject to a number of factors, risks and uncertainties, some of which are not currently known to the Company and its management and could cause actual results to differ materially from those expressed or implied by such forward-looking statements. Some of these factors include, but are not limited to: (1) the ability of the Company to capitalize on the anticipated benefits of the business combination, to grow and manage growth profitably, maintain relationships and deepen engagement with users, customers and suppliers, and retain its management and key employees; (2) the reliance of key functions of the Company’s business on third-parties and the risk that the Company’s platform and systems rely on software and applications that are highly technical and may contain undetected errors that could result in unexpected network interruptions, failures, security breaches, or computer virus attacks; (3) the risks associated with the Company’s global operations and continued global expansion, including, but not limited to, the risks related to complex or constantly evolving political or regulatory environments that may result in substantial costs or require adverse changes to the Company’s business practices; (4) the Company’s estimates of expenses and costs (including costs related to the business combination), of profitability or of other operational and financial metrics as well as the Company’s expectations regarding demand for and market acceptance of its products and service; (5) the Company’s reliance on trading related income, including payment for order flow (“PFOF”), and the risk of new regulation or bans on PFOF and similar practices; (6) the Company’s exposure to fluctuations in interest rates, rapidly changing interest rate environments, volatile prices of securities and trading volumes; (7) the Company’s reliance on a limited number of market makers and liquidity providers to generate a large portion of its revenues, and the negative impact of the loss of any of those market makers or liquidity providers; (8) the effects of competition in the Company’s industry and the Company’s need to constantly innovate and invest in new markets, products, technologies or services to retain, attract and deepen engagement with users; (9) changes in international trade policies and trade disputes that could result in tariffs, taxes or other protectionist measures adversely affecting our business; (10) risks related to general political, economic and business conditions globally and in jurisdictions where the Company operates; (11) risk of further actions taken by various government bodies in the United States that have made the Company the subject of inquiries and investigations relating to concerns about our connections to China; (12) the risk that the failure to protect customer data and privacy or to prevent security breaches relating to the Company’s platform could result in economic loss, damage to its reputation, deter customers from using its products and services, and expose it to legal penalties and liability; (13) risks related to the Company’s need as a regulated financial services company to develop and maintain effective compliance and risk management infrastructures as well as to maintain capital levels required by regulators and self-regulatory organizations; (14) the ability to meet, or continue to meet, stock exchange listing standards; (15) the possibility of adverse developments in pending or new litigation and regulatory investigations; (16) risks related to the Company’s securities and its status as a foreign private issuer and the fact that the information the Company is required to file with or furnish to the U.S. Securities and Exchange Commission (the “SEC”) may be less extensive and less timely compared to that required to be filed with the SEC by U.S. domestic issuers; (17) risks related to the offer and resale of our securities, such as dilution from the issuance of additional Class A ordinary shares upon the exercise of warrants, and increased volatility, or significant declines, in the price of our securities based on increased trading activity and the perception that sales of our securities may occur; and (18) other risks and uncertainties that are more fully described in filings made, or to be made, by the Company with the SEC, including in the sections entitled “Risk Factors” and “Cautionary Note Regarding Forward-Looking Statements” in the Company’s filings with the SEC. The foregoing list of factors is not exhaustive. There may be additional risks that the Company and its management presently do not know about or that the Company and its management currently believe are immaterial that could also cause actual results to differ materially from those contained in the forward-looking statements. In light of these factors, risks and uncertainties, the forward-looking events and circumstances discussed in this press release may not occur, and any estimates, assumptions, expectations, forecasts, views or opinions set forth in this press release should be regarded as preliminary and for illustrative purposes only and accordingly, undue reliance should not be placed upon the forward-looking statements. The Company assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law. Reported results should not be considered an indication of future performance.

 

China Liberal Education Holdings Limited Receives Additional Nasdaq Staff Determination Letter of Delinquency

BEIJING, May 23, 2025 /PRNewswire/ — China Liberal Education Holdings Limited (“China Liberal” or the “Company”) (Nasdaq: CLEU), a China-based company that provides technological consulting services for smart campus solutions and other educational services, today announced that on May 21, 2025, it received an additional staff determination notice (the “Additional Staff Determination Notice”) from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that it is delinquent in filing its Annual Report on Form 20-F for the fiscal year ended December 31, 2024 (the “Form 20-F”) and that this matter serves as an additional basis for delisting the Company’s securities from The Nasdaq Stock Market. The failure to timely file the Form 20-F is a violation of Nasdaq Listing Rule 5250(c)(1).

China Liberal has previously submitted a request for hearing before the Nasdaq’s Hearings Panel (the “Panel”), pursuant to the procedures set forth in the Nasdaq Listing Rule 5800 Series. A hearing before the Panel has been scheduled on June 10, 2025. In accordance with the timeline established previously by Panel and since the Company is already before the Panel, it will have seven days, or until May 28, 2025, to request a stay of the suspension, pending a Panel decision. The Panel will review the request for an extended stay and notify the Company of its conclusion as soon as practicable, but in any event no later than 15 calendar days following the deadline to request a further stay.

In the meantime, the Company is actively engaged with the necessary parties to finalize and file its delayed Form 20-F, which has been substantially drafted before the original filing deadline. While the timeline for completion remains uncertain, the Company is making every effort to advance the process as efficiently as possible. The Company’s operations are not affected by the receipt of the Staff Determination Notice dated May 7, 2025 and the Additional Staff Determination Notice.

This announcement is being made in compliance with Nasdaq Listing Rule 5810(b), which requires prompt disclosure of receipt of a deficiency notification.

About China Liberal Education Holdings Limited

China Liberal is an educational services provider headquartered in Beijing, China. China Liberal provides a wide range of services, including technological consulting for Chinese universities to improve their campus information and data management systems, designed to enhance the teaching, operating, and management environment of the universities, thus establishing a “smart campus.” Additionally, China Liberal offers tailored job readiness training for graduating students. For more information, please visit the Company’s website at http://ir.chinaliberal.com/.

Forward-Looking Statements

This document contains forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s expectations and projections about future events, which the Company derives from the information currently available to the Company. Such forward-looking statements relate to future events or our future performance, including: our financial performance and projections; our growth in revenue and earnings; and our business prospects and opportunities. You can identify forward-looking statements by those that are not historical in nature, particularly those using terminology such as “may,” “should,” “expects,” “anticipates,” “contemplates,” “estimates,” “believes,” “plans,” “projected,” “predicts,” “potential,” or “hopes” or the negative of these or similar terms. When evaluating these forward-looking statements, you should consider various factors, including our ability to change the direction of the Company; our ability to keep pace with new technology and changing market needs; and the competitive environment of our business. These and other factors may cause actual results to differ materially from any forward-looking statement. Forward-looking statements are only predictions. The forward-looking events discussed in this press release and other statements made from time to time by us or our representatives, may not occur, and actual events and results may differ materially and are subject to risks, uncertainties, and assumptions about us. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as required by law. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, it can provide no assurance that these expectations will prove to be accurate, and it cautions investors that actual results may differ materially from the anticipated results. Investors are encouraged to review the risk factors that may affect future results in the Company’s filings with the SEC.

Investor Relations Contact

China Liberal Education Holdings Limited
Email: ir@chinaliberal.com 

Ascent Investor Relations LLC
Tina Xiao
President
Phone: +1-646-932-7242
Email: investors@ascent-ir.com 

 

 

CEO speech to the Annual General Meeting 2025 of Minesto AB

GOTHENBURG, Sweden, May 23, 2025 /PRNewswire/ — Recording of CEO Dr Martin Edlund’s speech to the Annual General Meeting 2025 of Minesto AB, 22nd of May 2025.

The recording is available on the company’s Youtube channel CEO speech to the Annual General Meeting 2025 of Minesto AB

CONTACT:
For additional information, please contact
Cecilia Sernhage, Chief Communications Officer
+46 735 23 71 58
ir@minesto.com

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/minesto-ab/r/ceo-speech-to-the-annual-general-meeting-2025-of-minesto-ab,c4154482

HH Global launches Nuevo: A game-changing creative agency built for the future of brand marketing

LONDON, May 23, 2025 /PRNewswire/ — HH Global, the world’s leading responsible marketing activation partner, today announces the launch of Nuevo – a purpose-built in-house creative agency built to bridge the gap between big brand thinking and flawless execution at scale.

As the pressure on marketers intensifies and the pace of change accelerates, brands are demanding more – faster, smarter and with greater impact. Nuevo delivers just that: a creative ecosystem built to transform ideas into meaningful, measurable brand experiences across touchpoints, channels and markets.

“At a time when marketing leaders have to adapt to fast-changing consumer demands and the increasing need to prove ROI amidst economic uncertainty, Nuevo brings the speed, agility and innovation required to unlock growth and drive impact,” said Kristian Elgey, Group CEO, HH Global. “It’s a bold step in our journey – and a powerful one for our clients.”

Backed by HH Global’s 4,500 marketing activation experts, Nuevo launches with access to over 700 creative and content professionals and a mission to deliver connected creativity – work that is insight-driven, tech-enabled and purpose-built for today’s conscious consumer.

Built for modern marketing challenges, Nuevo operates around three core competencies:

  • Creative Intelligence – AI-powered insights and trends to inform smarter campaigns
  • Creative Technologies – Tools and platforms that deliver dynamic, connected consumer experiences
  • Conscious Creativity – Generating meaningful creative output to connect with today’s values-led consumers

Leading the agency is President Clyde McKendrick, a seasoned strategist with over 25 years of global experience at agencies including Crispin Porter + Bogusky and TBWAChiatDay. Known for blending sharp strategy with cultural insight, McKendrick brings creative firepower and innovation to lead a new approach to global brand activation.

“HH Global’s scale, agility and entrepreneurial mindset make it the perfect home for this new kind of agency,” said McKendrick. “Nuevo exists to use creativity to help brands move faster, more efficiently and to be more responsive to the rapidly changing demands of consumers.”

“Designed to be flexible and responsive, Nuevo can support clients to build bespoke in-house creative teams, put in place local market creative hubs or serve as a lead agency for brand activation across markets and disciplines. Nuevo will deliver connected solutions for clients as they face increasingly complex marketing supply chains. It’s a simplified way of working with a strategic partner that has a track record in scale and efficiency to deliver.”

About HH Global
HH Global is the global leader in responsible marketing activation services. Through creativity, technology and expertise, they connect brands to their customers across every channel and market to help them achieve big impact for big ideas. With 4,500 experts in every market and a thirty-year track record of success, they help the biggest brands on the planet achieve stronger, more responsible growth. With an unmatched supply chain, a growing suite of tech tools, market-leading creativity and strategic insights—they make their clients’ brilliant ideas unmissable everywhere.

Media contact:
BigImpact@hhglobal.com

Global Times: Why does China still need foreign investment?

BEIJING, May 23, 2025 /PRNewswire/ — “I’ve noticed that a new action plan to stabilize foreign investment has been introduced this year. After more than 40 years of reform and opening-up, China’s domestic market entities have grown strong. Why do we still need foreign investment?” This is a question that a reader of people.cn posted.

This reader’s question is representative. The answer can be found in three sets of data.

First, as of now, foreign investors have established a cumulative total of 1.24 million enterprises in China, with investments nearing $3 trillion. Foreign-funded enterprises have long been an integral part of China’s high-quality development, contributing one-quarter of industrial added value, one-seventh of tax revenue, and creating over 30 million jobs, making significant contributions to China’s economic growth.

Second, foreign investment in China spans 20 industry categories and 115 major industry sectors. In the manufacturing sector, all 31 major categories and 548 subcategories have attracted foreign investment.

China is the only country with all industrial categories listed by the United Nations, and foreign investment has played a pivotal role. Over the past decade, investment in research and development by foreign-funded industrial enterprises above a designated scale in China has grown by 86.4 percent, and the number of effective invention patents has surged by 336 percent. The advanced technologies and management expertise brought by foreign enterprises have positively influenced the development of Chinese companies and talent cultivation, providing substantial support for building a modern industrial system.

Third, foreign-funded enterprises contribute to one-third of China’s imports and exports. The negative list for foreign investment access has been reduced from an initial 190 items to the current national version of 29 items and the free trade zone version of 27 items, with the manufacturing sector achieving a “zero” negative list.

In accelerating the construction of a new development pattern, foreign investment serves as a bridge connecting domestic and international dual circulation. On one hand, it promotes factor-flow-based openness, driving the cross-border flow of technology, products, and services through supply chains, enabling China to deeply engage in global industrial division and cooperation. On the other hand, it supports institutional openness, advancing institutional reforms in economic, technological, ecological, and other areas.

“All of this shows that foreign businesses are important participants in the Chinese modernization drive, in the country’s reform and opening up and innovation, and in its interconnectivity with the world and integration into economic globalization.”

In fact, the question “Why does China still need foreign investment?” is not new.

In 1979, China enacted a law on Chinese-foreign equity joint ventures, opening the door to foreign investment. At that time, some argued that introducing foreign capital would hinder the development of domestic industries.

Over the past 40 years, a consensus has emerged: Reform and opening-up have enabled China to rapidly integrate into the global market and keep pace with the times, with the active utilization of foreign investment being a key factor.

Opening door wider 

In recent years, global unilateralism and protectionism have intensified, with foreign investment in China increasingly disrupted by geopolitical factors. Some have claimed that “China does not welcome foreign investment.”

“Humankind is a community with a shared future.” “Openness brings progress while closing the door can only leave one behind.” China’s commitment to reform and opening-up remains unwavering, its doors of openness will only widen, and its policy of welcoming foreign investment has not changed and will not change.

China’s pace of opening up to the world has never slowed.

The action plan to stabilize foreign investment in 2025 further proposes 20 policy initiatives building upon the existing 24 measures for attracting foreign capital. 

Since the beginning of this year, the Ministry of Commerce has held an “Invest in China” policy briefing in Japan and organized related events in Sweden and the UK, significantly boosting the willingness of relevant countries to invest and cooperate with China.

In early 2025, the China Council for the Promotion of International Trade dispatched 107 delegations to visit 33 countries and regions, visiting corporate headquarters such as Mercedes-Benz, BMW, and Bosch.

How sincere is China’s commitment to opening-up? Foreign enterprises have the most say—At the China Development Forum 2025, 86 official representatives from multinational corporations from 21 countries and regions participated. According to the 2025 China Business Climate Survey Report released by the American Chamber of Commerce in China, nearly 70 percent of surveyed US consumer firms plan to increase their investments in China this year.

From January to March 2025, China established 12,603 new foreign-invested enterprises, a year-on-year increase of 4.3 percent, according to the Ministry of Commerce. Actual foreign investment in e-commerce services, biopharmaceutical manufacturing, aerospace and equipment manufacturing, and medical equipment and instrument manufacturing grew by 100.5 percent, 63.8 percent, 42.5 percent, and 12.4 percent, respectively. By region, actual investment from ASEAN rose by 56.2 percent, and from the EU increased by 11.7 percent.

Wang Peng, associate research fellow at the Beijing Academy of Social Sciences, told the Global Times that the data reflected the firm confidence and sustained commitment of foreign companies to the Chinese market.

China’s economy is on a sustained upward trajectory, with a vast and expanding market, providing foreign investors with broad market opportunities and reliable returns. Moreover, the Chinese government has implemented a series of proactive measures to attract foreign capital, continuously optimizing the business environment and providing policy support, offering robust guarantees for foreign investors, Wang said.

“Partnering with China will bring more opportunities. No matter how the external environment may evolve, China remains firmly committed to high-standard opening up and always welcomes companies from all countries to keep investing in China and explore the Chinese market to enjoy benefits and development together,” Mao Ning, spokesperson from China’s Foreign Ministry, told a press conference on March 13, 2025.

https://www.globaltimes.cn/page/202505/1334660.shtml