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Synopsys Completes Acquisition of Ansys

Creating the Leader in Engineering Solutions from Silicon to Systems

News Highlights:

  • Combines leaders in silicon design, IP and simulation and analysis to enable customers to rapidly innovate AI-powered products 
  • Now positioned to win in an expanded $31 billion total addressable market (TAM)1
  • Fast-tracking integrated technology roadmap, with first set of combined capabilities planned for the first half of 2026

SUNNYVALE, Calif., July 17, 2025 /PRNewswire/ — Synopsys (Nasdaq: SNPS) today announced the completion of its acquisition of Ansys. The transaction, which was announced on January 16, 2024, combines leaders in silicon design, IP and simulation and analysis to enable customers to rapidly innovate AI-powered products. Synopsys is now positioned to win in an expanded $31 billion total addressable market (TAM).1

Synopsys Completes Acquisition of Ansys
Synopsys Completes Acquisition of Ansys

“Today marks a transformational milestone for Synopsys. For decades, Synopsys has been delivering breakthroughs in silicon design and IP that have fueled chip innovation,” said president and CEO of Synopsys, Sassine Ghazi. “The increasing complexity of developing intelligent systems demands design solutions with a deeper integration of electronics and physics, enhanced by AI. With Ansys’ leading system simulation and analysis solutions now part of Synopsys, we can maximize the capabilities of engineering teams broadly, igniting their innovation from silicon to systems.”

Former Ansys president, CEO, and board member Ajei Gopal and former Ansys board member Ravi Vijayaraghavan are joining Synopsys’ board of directors, effective immediately.

“For half a century, Ansys has enabled innovators across industries to push boundaries with the predictive power of simulation and analysis,” said Gopal. “Our companies have a common culture, a successful longstanding partnership, and now a united mission to empower innovators to drive human advancement. I look forward to serving this mission as a member of the Synopsys board and expect a swift, successful integration.”

Synopsys remains dedicated to helping engineers innovate, reduce time-to-market and costs, and improve product quality by delivering unprecedented insights into how their products will perform in the real world. And, united with Ansys, Synopsys can now deliver holistic system design solutions for customers in industries spanning semiconductors, high-tech, automotive, aerospace, industrial, and more.

Synopsys expects to deliver the first set of integrated capabilities in the first half of 2026 that fuse multiphysics across the full EDA stack, including for multi-die advanced packaging. The combined roadmap also includes integrated solutions to advance testing and virtualization of complex, intelligent systems for automotive and other industries.

This combination bolsters Synopsys’ strong financial position with projected margin expansion and greater unlevered free cash flow generation, enabling rapid deleveraging over a period of two years. Ansys common stock will no longer be listed for trading on the NASDAQ stock market.

Other Resources

1

2023 TAM based on Synopsys management estimates

About Synopsys
Synopsys, Inc. (Nasdaq: SNPS) is the leader in engineering solutions from silicon to systems, enabling customers to rapidly innovate AI-powered products. We deliver industry-leading silicon design, IP, simulation and analysis solutions, and design services. We partner closely with our customers across a wide range of industries to maximize their R&D capability and productivity, powering innovation today that ignites the ingenuity of tomorrow. Learn more at www.synopsys.com

© 2025 Synopsys, Inc. All rights reserved. Synopsys, the Synopsys logo, and other Synopsys trademarks are available at https://www.synopsys.com/company/legal/trademarks-brands.html . Other company or product names may be trademarks of their respective owners.

Forward Looking Statements

This press release includes certain forward-looking statements within the meaning of the federal securities laws, including, but not limited to, statements that relate to our expected future business and financial performance, the anticipated benefits of the transaction, the anticipated impact of the transaction on the combined business, and the expected synergies from the transaction. These forward-looking statements generally are identified by the words “believe,” “project,” “expect,” “anticipate,” “estimate,” “intend,” “strategy,” “future,” “opportunity,” “plan,” “may,” “should,” “will,” “would,” “will be,” “will continue,” “will likely result,” and similar expressions or the negatives of these words or other comparable terminology to convey uncertainty of future events or outcomes. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks, uncertainties and other factors that could cause actual future events to differ materially from the forward-looking statements in this communication, including, but not limited to: (i) our ability to maintain relationships with Synopsys’ and Ansys’ customers, suppliers and other business partners; (ii) the effect of the transaction on our operating results and business; (iii) our ability to implement plans, forecasts, expected financial performance and other expectations with respect to the combined business and realize the expected benefits/synergies as well as manage the scope and size of the combined company; (iv) unexpected costs, charges and expenses related to the integration; (v) our ability to successfully integrate Ansys’ operations and product lines; (vi) difficulties in retaining and hiring key personnel and employees due to the integration; (vii) the diversion of management time on integration; (viii) our ability to manage significant indebtedness, including indebtedness incurred in connection with the transaction, and the need to generate sufficient cash flows to service and repay such debt; (ix) uncertainty in the macroeconomic and geopolitical environment and its potential impact on the semiconductor and electronics industries; (x) uncertainty in the growth of the semiconductor, electronics and artificial intelligence industries, (xi) the highly competitive industries we operate in; (xii) actions by the U.S. or foreign governments, such as the assessment of fines or the imposition of additional export restrictions or tariffs; (xiii) consolidation among our customers and within the industries in which we operate, as well as our dependence on a relatively small number of large customers; and (xiv) the evolving legal, regulatory and tax regimes under which we operate. 

Our filings with the Securities and Exchange Commission, which you may obtain for free at its website at http://www.sec.gov, discuss some of the important risk factors that may affect our business, results of operations and financial condition. Actual results may vary from the estimates provided. We undertake no intent or obligation to publicly update or revise any of the estimates and other forward-looking statements made in this announcement, whether as a result of new information, future events or otherwise, except as required by law.

Investor Contact:
Trey Campbell
Synopsys, Inc.
650-584-4289
Synopsys-ir@synopsys.com 

Editorial Contact
Cara Walker 
Synopsys, Inc. 
(650) 584-5000
corp-pr@synopsys.com

Synopsys
Synopsys

 

High-Trend International Group Held Extraordinary General Meeting for Share Capital Restructure

SINGAPORE, July 17, 2025 /PRNewswire/ — High-Trend International Group (the “Registrant” or the “Company”) (NASDAQ: HTCO), a global ocean technology company, held its Extraordinary General Meeting of Shareholders (the “Meeting”) on July 16, 2025. At the Meeting, the shareholders voted to approve (1) the proposal that effective immediately following the close of the Meeting, every 25 issued and unissued class A ordinary shares of a par value of US$0.0001 each and every 25 issued and unissued class B ordinary shares of a par value of US$0.0001 each in the Company’s existing share capital be consolidated into 1 class A ordinary share of a par value of US$0.0025 and 1 class B ordinary share of a par value of US$0.0025, respectively (each a “Consolidated Share”) and such Consolidated Shares shall rank pari passu in all respects with each other and have the rights and privileges and be subject to the restrictions as contained in the third amended and restated memorandum and articles of association of the Company (the “Share Consolidation”), so that immediately following the Share Consolidation, the authorized share capital of the Company shall be changed from US$50,000 divided into 497,500,000 class A ordinary shares of a par value of US$0.0001 each and 2,500,000 class B ordinary shares of a par value of US$0.0001 each, to US$50,000 divided into 19,900,000 class A ordinary shares of a par value of US$0.0025 each and 100,000 class B ordinary shares of a par value of US$0.0025 each; (2) the proposal that effective immediately following the close of the Meeting, the authorized share capital of the Company be increased by the creation of an additional 470,000,000 class A ordinary shares of a par value of US$0.0025 each and 10,000,000 class B ordinary shares of a par value of US$0.0025 each to rank pari passu in all respects with the existing class A ordinary shares and class B ordinary shares, respectively (the “Increase of Authorized Share Capital”) so that immediately following the Increase of Authorized Share Capital, the authorized share capital of the Company shall be changed from US$50,000 divided into 19,900,000 class A ordinary shares of a par value of US$0.0025 each and 100,000 class B ordinary shares of a par value of US$0.0025 each, to US$1,250,000 divided into 489,900,000 class A ordinary shares of a par value of US$0.0025 each and 10,100,000 class B ordinary shares of a par value of US$0.0025 each; and (3) the proposal that effective immediately following the close of the Meeting, the second amended and restated memorandum and articles of association of the Company currently in effect be amended and restated by the deletion in their entirety and the substitution in their place of the third amended and restated memorandum and articles of association annexed to the notice of the Meeting.

About High-Trend International Group

High-Trend International Group (“High-Trend” or the “Company”) is a global ocean technology company with businesses in international shipping and marine carbon neutrality. The Company connects the decarbonization needs of the maritime industry with the supply of the carbon finance market through technology ecosystem, creating a new paradigm for maritime sustainability.  

Forward Looking Statements

This announcement contains “forward-looking” statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact, including, without limitation, those with respect to the objectives, plans and strategies of the Company set forth herein and those preceded by or that include the words “believe,” “expect,” “anticipate,” “future,” “will,” “intend,” “plan,” “estimate” or similar expressions, are “forward-looking statements”. Such statements include, but are not limited to risks detailed in the Company’s filings with the U.S. Securities and Exchange Commission, including its Annual Report on Form 20-F for the fiscal year ended October 31, 2024. These forward-looking statements involve a number of risks and uncertainties, which could cause the Company’s future results to differ materially from those anticipated. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated or anticipated by such forward-looking statements. All information provided in this press release is as of the date of the publication, and the Company does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

 

ZAMST renews partnership with NBA Basketball Star Trae Young as Global Brand Ambassador

TOKYO, July 17, 2025 /PRNewswire/ — ZAMST, a global leader in premium sports bracing and support, proudly announces the renewal of its global brand ambassador partnership with NBA All-Star guard Trae Young of the Atlanta Hawks. This continued alliance marks a powerful milestone in a relationship that began in 2020, rooted in shared values of resilience, innovation, and peak performance.

Trae Young in action with the ZAMST A2-DX ankle brace
Trae Young in action with the ZAMST A2-DX ankle brace

“Zamst has been with me since the beginning – through every game and every step of the way. Their braces keep me protected and confident on the court, and I am honored to continue this relationship.” – Trae Young

Trae Young : Setting the standard in NBA  

The 2024–25 season marked another remarkable chapter for Young. Selected to his fourth NBA All-Star Game and finishing the season as top assist leader further cementing his status as one of the league’s premier playmakers. Widely recognized for his deep shooting range, clutch shot-making, and elite playmaking ability, Young continues to be a driving force at the point guard position.

Off the court, he is committed to mentorship and youth development, resonating with fans around the globe.

Engineered for Greatness: Trae & ZAMST

Zamst: “Trae’s exceptional performance, leadership within his team and commitment to community align perfectly with ZAMST’s mission to empower athletes to perform at their highest potential. His leadership on and off the court makes him an ideal ambassador, and we are honored to support him as he continues to inspire the next generation”

Since first teaming up with ZAMST, Young has trusted flagship A2-DX ankle braces —to maintain peak condition and protect himself during games. As a global brand ambassador, Young promotes the importance of injury prevention and proper conditioning for athletes of all levels.

Explore why Trae Young trusts the A2-DX:  https://www.youtube.com/watch?v=shqkbR7AHh0

Trae Young ankle brace and Zamst full support gear lineup
Trae Young ankle brace and Zamst full support gear lineup

ABOUT ZAMST

Zamst reinforces and protects athletes by providing premium and technical bracing products derived from innovative materials, designs and manufacturing processes. Created in 1992 by Nippon Sigmax Co., Ltd a leader in the Japanese orthopedic market, Zamst leverages its strong medical expertise to build products that maximize anatomical functionality and performance. Trusted over 30 years by elite athletes, Zamst continuously evolves to become the most authentic sports medicine and wellness brand in the industry.

The A2-DX is one of Zamst’s signature ankle braces, widely trusted by professional basketball organizations and athletes across collegiate, high school and club levels. Designed for high-impact sports, it provides strong support for the ankle without limiting mobility.

Discover more on Trae Young ankle braces and other Zamst products at: http://www.zamst.us

Winners in 2025 Stevie® Awards for Great Employers Announced

Winners to Be Celebrated in New York on September 16

FAIRFAX, Va., July 17, 2025 /PRNewswire/ — Winners in the 2025 (10th annual) Stevie® Awards for Great Employers were announced today. The awards recognize the world’s best employers and the human resources professionals, teams, achievements, and HR-related products and suppliers who help to create and drive great places to work. 

Winners in the 2025 (10th annual) Stevie® Awards for Great Employers were announced today. The awards recognize the world’s best employers and the human resources professionals, teams, achievements, and HR-related products and suppliers who help to create and drive great places to work.
Winners in the 2025 (10th annual) Stevie® Awards for Great Employers were announced today. The awards recognize the world’s best employers and the human resources professionals, teams, achievements, and HR-related products and suppliers who help to create and drive great places to work.

Among the organizations with five or more Stevie wins are Bank of America (14), DP DHL (14), Globe Telecom (14), Tata Consultancy Services (13), Cathay United Bank (12), Apexon (11), IBM (11), Enerjisa Enerji (10), MGM China (10), PEGASUS AIRLINES (10), pladis (9), Allianz SE (8), Zenutna Holdings Corporation (8), DIMES (7), Ooredoo (7), PLDT and Smart (6), American Health Marketplace (5), Benifex (5), Eren Enerji (5), Everise (5), Gcash (5), HAVELSAN A.Ş. (5), Limak Cement (5), Saman Bank (5), and Türkiye Kalkınma ve Yatırım Bankası (5).

For a full list of winners by category, visit https://www.StevieAwards.com/HR.

Two Grand (“best of show”) trophy winners in the competition will be announced during the week of July 28.

Winners will be celebrated during a ceremony on Tuesday, September 16 at the Marriott Marquis Hotel in New York City. Tickets are now on sale. The presentations will be broadcast live.

More than 1,000 nominations from organizations in 35 nations and territories were evaluated in this year’s competition. Winners were determined by the average scores of more than 115 professionals worldwide, acting as judges. The Stevie Awards for Great Employers recognize achievement in many facets of the workplace. Category groups include:

  • Employer of the Year Categories
  • HR Achievement Categories
  • HR Individual Categories
  • HR Team Categories
  • Solution Provider Categories
  • Solutions, Implementations, and Training Programs or Media Categories
  • Thought Leadership Categories

Stevie Award placements in the 31 Employer of the Year categories were determined by a unique blending of the ratings of judging professionals and more than 130,000 votes of the general public.

The awards are presented by the Stevie Awards, which organizes nine of the world’s leading business awards programs including the prestigious International Business Awards® and The American Business Awards®.

About the Stevie Awards

Stevie Awards are conferred in nine programs: the Asia-Pacific Stevie Awards, the German Stevie Awards, the Middle East & North Africa Stevie Awards, The American Business Awards®, The International Business Awards®, the Stevie Awards for Women in Business, the Stevie Awards for Great Employers, the Stevie Awards for Technology Excellence, and the Stevie Awards for Sales & Customer Service. Stevie Awards competitions receive more than 12,000 entries each year from organizations in more than 70 nations. Honoring organizations of all types and sizes and the people behind them, the Stevies recognize outstanding performances in the workplace worldwide. Learn more about the Stevie Awards at http://www.StevieAwards.com.

Marketing Contact:

Nina Moore
Nina@StevieAwards.com
703 547 8389

Solace Announces Availability of Solace Agent Mesh in the new AWS Marketplace AI Agents and Tools Category

OTTAWA, ON, July 17, 2025 /PRNewswire/ — Solace, the leader in powering real-time, event-driven integration for the agentic age, today announced the availability of Solace Agent Mesh in the new AI Agents and Tools category of AWS Marketplace. Customers can now use AWS Marketplace to easily discover, buy, and deploy Solace’s event-driven agentic AI platform using their AWS accounts, accelerating AI agent and agentic workflow development.

Solace Agent Mesh enables organizations to seamlessly integrate and orchestrate all of its AI agents and other assets in real-time with the power of event-driven integration.

“We’re excited to offer Solace Agent Mesh in the new AI Agents and Tools category in AWS Marketplace,” said Tim Wong, Chief Revenue Officer at Solace. “AWS Marketplace provides a streamlined way for customers to access our agentic framework, helping them to build and deploy intelligent, extensible, and well-governed AI-powered applications.”

Unlike legacy request-response integration models, Solace Agent Mesh routes inputs through an intelligent orchestrator that breaks down events into tasks and dispatches them to appropriate AI agents in real-time, helping organizations fully embrace the benefits of agentic AI:

  • Time to innovation – easily integrate new AI agents and orchestrate interactions between them
  • User experience – improve user experiences by ensuring agents have access to real-time data
  • Scalability & reliability – enable asynchronous, event-driven communication between agents, other applications and data sources
  • Operational efficiency – streamline complex workflows and eliminate manual processes that slow down AI-based applications
  • Security & governance – ensure compliance and governance with robust authentication, authorization and role-based access

With the availability of AI Agents and Tools in AWS Marketplace, customers can significantly accelerate their procurement process to drive AI innovation, reducing the time needed for vendor evaluations and complex negotiations. With centralized purchasing using AWS accounts, customers maintain visibility and control over licensing, payments, and access through AWS.

Learn more about Solace Agent Mesh and the new AI Agents and Tools category in AWS Marketplace.

About Solace:

Solace helps enterprises adopt AI by enabling real-time, event-driven integration across their entire business. Built on a modern event-driven architecture, Solace Platform connects systems, applications, and AI agents with the data they need — securely, seamlessly, and at scale. Established enterprises worldwide – including RBC Capital Markets, Heineken, PSA Singapore and Schwarz Group – trust Solace to enable time-sensitive applications and processes; modernize their application and integration landscape; and create seamless digital experiences for their customers, partners and employees. Learn more at solace.com.

Press Contacts

Europe & Americas

UK

APAC

IBA International

Positive

Rice Communications

Jamie Kightley

Daniel Brown

Trixie Wong

Jkightley@iba-international.com

dbrown@positivemarketing.com

trixie.wong@ricecomms.com

+44 (0) 1572 757932

+44 7480 924144

+65 9757 7531

 

AI that works for everyone: TELUS proud to join the UN AI for Good Global Summit 2025

TELUS President and CEO, Darren Entwistle, and Chief Data & Trust Officer, Pam Snively, attended the United Nations AI for Good Global Summit as part of the AI Skills Coalition driving AI literacy globally; TELUS hosted an interactive workshop using Fuel iX demonstrating how to build ethical AI with intelligence from Indigenous Peoples

GENEVA, July 17, 2025 /PRNewswire/ — TELUS, a leading global technology company, participated in the United Nations AI for Good Global Summit 2025 from July 8 – 11 in Geneva, Switzerland, demonstrating its commitment to responsible AI development, ethical technology innovation and inclusive AI upskilling.

TELUS President and CEO, Darren Entwistle, and Chief Data & Trust Officer, Pam Snively, attended the United Nations AI for Good Global Summit, demonstrating the tech company’s commitment to building trust in technology and the digital world. Credit: International Telecommunication Union AI for Good
TELUS President and CEO, Darren Entwistle, and Chief Data & Trust Officer, Pam Snively, attended the United Nations AI for Good Global Summit, demonstrating the tech company’s commitment to building trust in technology and the digital world. Credit: International Telecommunication Union AI for Good

As part of its engagement across multiple high-profile sessions, TELUS contributed as a proud member of the International Telecommunication Union (ITU)-led AI Skills Coalition – a global initiative to close the AI skills gap – supporting efforts that ITU Secretary-General Doreen Bogdan-Martin says, aim to ensure “the AI Generation will be defined not by the power of its algorithms, but by the depth of its skillset… and the breadth of its participation.”

TELUS engaged in multiple high-profile sessions throughout the five-day summit, sharing insights on responsible AI practices, the value of AI literacy and best practices around AI governance. The Canadian company’s long-standing approach to human-centric technology development is highly collaborative among its industry, community and team stakeholders, supporting innovative AI development and use that has a positive social impact.

“At TELUS, we believe getting AI right starts with trustworthy, transparent and respectful data practices. Realizing AI’s potential for positive change is only possible by earning the trust of the people it’s meant to serve and that means leading with a human-centric approach,” said Pamela Snively, Chief Data & Trust Officer at TELUS. “We’re proud to have joined other global leaders at the AI for Good Summit because we recognize that responsible AI practices and principles, industry collaboration and community partnerships are the foundation for AI innovation that benefits humanity.”

Building on its commitment to working in close partnership with Indigenous Peoples to help deliver positive social, cultural and economic outcomes through connectivity, TELUS collaborated with Shani Gwin, founder and CEO of pipikwan pêhtâkwan and TELUS Indigenous Advisory Council member, to deliver a workshop titled, “Crafting ethical AI with Indigenous intelligence: Partnering with Indigenous Peoples for innovative solutions”. The workshop demonstrated how TELUS is using AI to create meaningful business practices and technology informed by Indigenous Peoples. The session also included hands-on AI literacy training using TELUS Digital’s proprietary generative AI platform, Fuel iX™, as well as pipikwan pêhtâkwan’s AI tool, wâsikan kisewâtisiwin to correct unconscious bias toward Indigenous Peoples online.

TELUS has consistently demonstrated its commitment to reconciliation with Indigenous Peoples in Canada through an action plan with the goal of creating positive social and economic outcomes. These actions include partnering with Indigenous communities on connectivity, training and job creation programs; supporting land restoration initiatives; safeguarding Indigenous data and artistic integrity; and more. In its recent 2025 AI Report, TELUS captured perspectives on AI from over 5,500 respondents, with specific focus given to engaging with Indigenous Peoples, including First Nations, Inuit, and Métis, and other underrepresented* groups. It highlighted the importance of integrating Indigenous perspectives into responsible AI. Through workshops and discussions with Indigenous Peoples, the report reveals that Indigenous Knowledge, including storytelling and other qualitative data, are as important as quantitative data, and that without these forms of Indigenous Knowledge, context or meaning risk being lost through AI model processing.

TELUS’ participation in the Summit builds on its established leadership in responsible AI development, including being the first company globally to achieve ISO 31700-1 Privacy by Design certification for its generative AI customer support tool, powered by Fuel iX. The company was the first Canadian company to embrace the Hiroshima AI Process (HAIP) Reporting Framework, sharing its proven approaches and best practices for safe and trustworthy AI development in alignment with the G7 AI Code of Conduct, and it was the first telecom company in Canada to sign the Government of Canada’s voluntary code of conduct for GenAI. In March 2025, TELUS announced that it is launching a series of Sovereign AI Factories, providing Canadian businesses and researchers with advanced technology to drive innovation, while keeping all data and computing power in Canada. Importantly, TELUS’ AI Factory is built in one the world’s most sustainable AI-ready data centres in Rimouski, Quebec. It utilizes 99% renewable energy and is three times more energy efficient for excess power usage than the industry average. TELUS continues to pioneer AI practices that prioritize transparency, accountability and trust.

For more information about TELUS’ commitment to building trust in data, visit telus.com/trust.

*According to the Government of Canada’s mandate on research design, “underrepresentation refers generally to groups or individuals from groups who, due to both formal and legal restrictions and to systemic barriers, have lacked access to full participation in a given organization, community or discipline.”

About TELUS

TELUS (TSX: T, NYSE: TU) is a world-leading communications technology company operating in more than 45 countries and generating over $20 billion in annual revenue with more than 20 million customer connections through our advanced suite of broadband services for consumers, businesses and the public sector. We are committed to leveraging our technology to enable remarkable human outcomes. TELUS is passionate about putting our customers and communities first, leading the way globally in client service excellence and social capitalism. Our TELUS Health business is enhancing more than 150 million lives across 200 countries and territories through innovative preventive medicine and well-being technologies. Our TELUS Agriculture & Consumer Goods business utilizes digital technologies and data insights to optimize the connection between producers and consumers. Guided by our enduring ‘give where we live’ philosophy, TELUS, our team members and retirees have contributed $1.8 billion in cash, in-kind contributions, time and programs including 2.4 million days of service since 2000, earning us the distinction of the world’s most giving company. For more information, visit telus.com or follow @TELUSNews on X and @Darren_Entwistle on Instagram.

About ITU
The International Telecommunication Union (ITU) is the United Nations agency for digital technologies, driving innovation for people and the planet with 194 Member States and a membership of over 1,000 companies, universities, civil society, and international and regional organizations. Established in 1865, ITU coordinates the global use of the radio spectrum and satellite orbits, establishes international technology standards, drives universal connectivity and digital services, and is helping to make sure everyone benefits from sustainable digital transformation, including the most remote communities. From artificial intelligence (AI) to quantum, from satellites and submarine cables to advanced mobile and wireless broadband networks, ITU is committed to connecting the world and beyond. Learn more:  www.itu.int

Media contact
Emily Piccinin
TELUS Public Relations
emily.piccinin@telus.com 

 

Webull Corporation to Consolidate Crypto Entities

Consolidation of Webull Pay Positions Webull Corp for Q3 Reintroduction of Crypto Trading on Webull Platform in the United States

ST. PETERSBURG, Fla., July 17, 2025 /PRNewswire/ — Webull Corporation (NASDAQ: BULL), the owner of the Webull online investment platform, today announced that it will integrate Webull Pay LLC back into the Webull group. This important step advances Webull’s plan to reintroduce crypto trading to its global customer base following its launch in Brazil last month. Additional market rollouts are expected to take place later this year, including plans to make crypto trading available in the United States through the Webull app during the third quarter.

“The improving clarity of cryptocurrency regulations, both in the United States and internationally, underlies our decision to bring crypto trading back to our platform,” said Anthony Denier, Group President and U.S. CEO of Webull. “With this consolidation, the Company will be better positioned to meet the needs of our customers. We are excited about the evolution of the financial services industry as it begins to adopt blockchain technology, and we’ve already seen great success with our rollout in Brazil. We look forward to tapping additional markets this year.”

The arrangement is structured as a business combination that will result in the parent company of Webull Pay LLC, Webull Pay Inc., becoming a subsidiary of Webull Corporation. The business combination has been approved by a special committee of Webull Corporation’s board and the shareholders of Webull Pay Inc. Closing is subject to customary closing conditions, including regulatory approvals.

Crypto trading on the Webull platform is currently available in Brazil, with plans for expansion into additional markets in the coming months.

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, fractional shares, and digital assets 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. You may also access certain information on Webull and its securities on the website of the SEC at http://www.sec.gov, where Webull will, among others, be filing reports, such as Reports on Form 6-K and its Annual Report on Form 20-F.

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 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 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, 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 digital assets and their respective 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) our ability to meet conditions precedents to consummate the proposed business combination; (17) the risk that required government approvals for the proposed business combination are not obtained; (18) the risk that the business of the combined company will not be integrated successfully or that the anticipated benefits of the proposed business combination may not be realized; (19) risks related to significant disruptions in the cryptocurrency market that negatively impacts user engagement with cryptocurrency trading on our platform; (20) political, regulatory or economic changes that affect cryptocurrencies, including changes in the governance of a cryptocurrency; and (21) 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. Reported results should not be considered an indication of future performance. 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.

Webull Investor Relations
ir@webullcorp.com

Webull Media Relations
5W Public Relations
Nicholas Koulermos
Webull@5WPR.com
(212) 999 – 5585

RapidClaims Receives Frost & Sullivan’s 2025 North American Healthcare IT-Software and Services Technology Innovation Leadership Recognition for Excellence in AI-Driven RCM Automation

Recognized for driving operational efficiency and accelerating customer acquisition through AI-powered automation and a highly adaptive deployment model

SAN ANTONIO, July 17, 2025 /PRNewswire/ — Frost & Sullivan is pleased to announce that RapidClaims has been recognized with the 2025 North American Healthcare IT-Software and Services Technology Innovation Leadership Recognition in the healthcare IT industry for its outstanding achievements in product innovation, operational excellence, and customer-centric design in the revenue cycle management (RCM) space. This recognition highlights RapidClaims’ consistent leadership in driving measurable outcomes, strengthening its market position, and delivering customer-centric innovation in an evolving competitive landscape.

Frost & Sullivan evaluates companies through a rigorous benchmarking process across two core dimensions: strategy effectiveness and strategy execution. RapidClaims excelled in both, demonstrating its ability to align strategic initiatives with market demand while executing them with efficiency, consistency, and scale.

“RapidClaims boosts customer stickiness through a highly adaptive deployment model. Clients can integrate the platform into existing infrastructure with minimal disruption through comprehensive enterprise rollouts or modular, specialty-focused implementations,” said Sagar Mukhekar, Industry Analyst, Growth Opportunity Analytics, Frost & Sullivan.

Guided by a long-term growth strategy focused on AI-powered automation, a robust integration ecosystem, and a highly adaptive deployment model, RapidClaims has shown its ability to adapt and lead in a rapidly evolving landscape. The company’s strategic agility and sustained investment in advanced technologies have enabled it to scale effectively across healthcare organizations of varying sizes and specialties. Innovation remains central to RapidClaims’ approach. Its suite of products—RapidCode™, RapidScrub™, and RapidCDI™—automates complex RCM functions, such as medical coding, claim scrubbing, and denial management, while supporting both modular and full-suite implementations. These solutions combine proprietary AI models trained on healthcare-specific datasets with configurable rule engines that deliver measurable gains in accuracy, speed, and adaptability.

RapidClaims’ unwavering commitment to customer experience further strengthens its position in the market. The platform offers highly configurable data ingestion, guideline implementation, and workflow customization to meet the unique needs of each client and specialty. Its rapid deployment model enables seamless integration into existing IT infrastructures with minimal disruption, enhancing customer stickiness and long-term value. By providing scalable commercial options, RapidClaims is positioned to accelerate customer acquisition while ensuring superior performance and client satisfaction.

“Healthcare is at the crossroads with most provider organizations wanting to do more for their patients as well as care teams, and this is exactly where technology should support. Talk to any doctor or healthcare CFO, they are more than open to explore what AI can do for them as long as we keep the buzzwords away. That’s exactly what we champion at RapidClaims: no-fuss, quantifiable solutions aimed at eliminating long-standing inefficiencies in RCM operations in their entirety,” said Dushyant Mishra, Cofounder & CEO at RapidClaims. “We are delighted to be judged as a leader by F&S for the real-world outcomes we deliver, and validations like these push us further in our cause of achieving a reality of 0% claims denial,” he added.

Frost & Sullivan commends RapidClaims for setting a high standard in competitive strategy, execution, and market responsiveness. The company’s vision, innovation pipeline, and customer-first culture are shaping the future of the healthcare IT industry and driving tangible results at scale.

Each year, Frost & Sullivan presents the Technology Innovation Leadership Recognition to a company that demonstrates outstanding strategy development and implementation, resulting in measurable improvements in market share, customer satisfaction, and competitive positioning. This recognizes forward-thinking organizations that are reshaping their industries through innovation and growth excellence.

Frost & Sullivan Best Practices recognitions honor companies in various regional and global markets for demonstrating outstanding achievement and superior performance in leadership, technological innovation, customer service, and strategic product development. Industry analysts compare market participants and measure performance through in-depth interviews, analyses, and extensive secondary research to identify best practices in the industry.

About Frost & Sullivan

For six decades, Frost & Sullivan has been world-renowned for its role in helping investors, corporate leaders, and governments navigate economic changes and identify disruptive technologies, megatrends, new business models, and companies to action, resulting in a continuous flow of growth opportunities to drive future success. Contact us: Start the discussion.

Contact:

Camila Tinajero
E: camila.tinajero@frost.com

About RapidClaims

RapidClaims is a NY-based, Accel-backed healthcare technology company on a mission to transform healthcare revenue cycle management through intelligent automation and data-driven insights. Serving leading health systems and provider groups nationwide, the company’s AI-powered platform streamlines billing workflows and captures lost revenue opportunities. RapidClaims’ products deliver a 10% revenue uplift, cut claim denials by up to 30%, and reduce administrative workload more than 50%, freeing physicians to spend more time on direct patient care. Designed for seamless integration, RapidClaims supports all major EHR systems and adheres to industry standards like FHIR and HL7, ensuring interoperability and rapid deployment across diverse healthcare environments. For more information, visit rapidclaims.ai.

Contact:

Prakhar Mohan
E: prakhar@rapidclaims.ai
M: +1 (917) 722-0941