Bullish has reportedly filed confidential paperwork with the SEC as it tries to go public again.
It previously abandoned prior efforts in a SPAC merger in 2022 as the market faced a downturn.
It follows Circle’s explosive public debut on the NYSE last week.
Crypto exchange Bullish has submitted paperwork for an initial public offering to the Securities and Exchange Commission, according to a report from the Financial Times, citing sources familiar.
The move marks its second bid to go public, following an initial attempt in a $9 billion merger with a special purpose acquisition company, Far Peak, in July 2021.
Those prospects went dim by late 2022, with aspirations later called off due to prevailing “time constraints and market conditions.”
Now, Bullish is attempting to take another swing following President Donald Trump’s election late last year and subsequent policies geared toward the crypto industry.
As a result, Bitcoin has steadied its pace, finding a range above the $110,000 with its implied volatility showing a record low for the year.
Bullish’s latest attempt comes as crypto companies have caught Wall Street pundits off guard.
Last week, Crypto exchange Gemini confirmed that it filed to go public, just 24 hours after USDC issuer Circle made its euphoric debut on the New York Stock Exchange.
Circle raised more than $1.1 billion, and outperformed some of the U.S.’s most prominent tech companies on launch, with its stock rocketing to 347% days later. That appetite is fueling others’ efforts.
Bullish operates a blockchain-based exchange and acquired crypto media firm CoinDesk in 2023. Its CEO, Tom Farley, previously served as president of the NYSE Group at the Intercontinental Exchange from 2014 to 2018.
Bullish did not immediately respond to Decrypt’s request for comment.
Edited by Sebastian Sinclair
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On the afternoon of June 9th, US time, Bitcoin once again broke through the $110,000 mark. This time, not only the price of Bitcoin is rising, but also the prices of various cryptocurrencies such as XRP, SOL, GOGE, and ETH are rising together. This news quickly ignited the enthusiasm of the cryptocurrency market. Is this breakthrough a strong return of the bull market? Or is it a market rebound?
Why did so many senior cryptocurrency holders flock to the BCC Mining platform after Bitcoin’s brief rise?
BCC Mining recently launched a new mobile app, which is undoubtedly good news for cloud mining users. This platform from the UK focuses on “free cloud mining” and provides free mining services for many mainstream currencies such as Bitcoin, Litecoin, Dogecoin, etc. Now, users can check mining progress, income or adjust settings at any time by just taking out their mobile phones, which is more convenient than ever before.
The launch of this app means that whether you are working, commuting or drinking coffee, you can use your mobile phone to mine cryptocurrency in the cloud. BCC Mining said that our goal is to be committed to the democratization of cryptocurrency, so that ordinary people can easily get started with cloud mining and share cryptocurrency dividends.
What makes the mobile app special:
Mine on the go: The new mobile app provides a user-friendly interface that allows users to easily monitor mining contracts, track daily earnings, and manage investments.
Enhanced security: The app uses top-level security protection from McAfee® and Cloudflare® to ensure that your digital assets are protected wherever you are.
Diverse contract options: Different contract packages are provided, allowing different groups of people to choose the one that suits them according to their budget.
24/7 reliability: With 100% platform system uptime to meet user cloud mining needs and 24/7 technical support, the mobile application ensures that you can mine 24 hours a day.
A BCC Mining spokesperson said: As more and more people begin to pay attention to the development of crypto assets, the entire market is gradually maturing. For example, Ark Invest CEO Cathie Wood once pointed out that Bitcoin may exceed $150,000 in the next two years. We have reason to believe that mainstream cryptocurrencies such as Dogecoin, Litecoin and XRP also have long-term potential. Based on this trend, we launched this mobile app with the goal of allowing ordinary users to easily participate in cloud mining without complex equipment or technical background. You only need a mobile phone to start using cloud mining.
Simple steps to start cloud mining with BCC Mining
Step 1: Choose BCC Mining as your mining service provider: BCC Mining’s mining method is simple and direct, and users can start mining on their mobile phones. The platform provides daily mining contract income and flexible withdrawal methods to ensure that everyone can participate.
Step 3: Choose a mining contract: BCC Mining offers a variety of contract options to meet different budgets and goals.
The following chart illustrates the potential returns you can earn:
[BTC (Canaan-Avalon-A1466)] Investment amount: $100, total net profit: $100 + $8
[DOGE (Goldshell-Mini-DOGE-Pro)] Investment amount: $500, total net profit: $500 + $38
[BTC (Antminer-S19-XP)] Investment amount: $2,500, total net profit: $2,500 + $437
[DOGE (Goldshell-LT6)] Investment amount: $7,800, total net profit: $7,800 + $2,970
[BTC (AntminerT21)] Investment amount: $17,000, total net profit: $17,000 + $9,044
[BTC/BCH (ANTSPACE HK3)] Investment amount: $50,000, total net profit: $50,000 + $34,000
BCC Mining is a company headquartered in London, UK, founded in 2017. The company holds a legal operating license in the UK. Its platform focuses on providing high-performance, low-cost cryptocurrency mining solutions using advanced hardware, intelligent algorithms, clean energy and cloud infrastructure. BCC Mining has more than 9 million users and serves more than 180 countries, providing convenient and scalable mining services to users around the world.
You can now visit https://bccmining.com/ to view, or download the BCC Mining App directly. This new mobile application allows you to manage cryptocurrency investments more easily and securely than ever before.
Disclaimer: The information provided in this press release does not constitute an investment solicitation, nor does it constitute investment advice, financial advice, or trading recommendations. Cryptocurrency mining and staking involve risks and the possibility of losing funds. It is strongly recommended that you perform due diligence before investing or trading in cryptocurrencies and securities, including consulting a professional financial advisor.
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Several Ethereum DeFi governance tokens rose after SEC Chair Paul Atkins said the agency would establish an “innovation exemption” for entities engaged in the crypto subsector.
A DeFi-focused roundtable on Monday inspired “optimism,” a spokesperson for a research and advocacy group said.
Uniswap, Aave, and Sky saw “unusually heavy” trading volume, potentially lifting Ethereum’s price, according to one analyst.
The price of several tokens tied to Ethereum-based projects in decentralized finance, or DeFi, spiked on Tuesday after the Securities and Exchange Commission signaled that it’s taking steps internally to become more accommodative of the emergent subsector.
Ethereum was recently changing hands around $2,700, an 7.2% increase over the past day, according to crypto data provider CoinGecko. Uniswap, Aave, and Sky, were up 23%, 16%, and 15% respectively, rising to $8, $305, and $0.90.
On Monday, SEC Chairman Paul Atkins said during a DeFi-focused roundtable in Washington, D.C., that the agency was working on an “innovation exemption” allowing companies to introduce on-chain products more easily. The agency is also looking at rule changes to “provide needed accommodation” for entities seeking “to administer on-chain financial systems,” he said.
“The American values of economic liberty, private property rights, and innovation are in the DNA of the DeFi, or decentralized finance, movement,” Atkins added.
As governance tokens, Uniswap, Aave, and Sky allow holders to participate in determining their associated project’s direction, namely through voting on proposed software changes. In the past, projects like Uniswap have mulled changes to share protocol fees with token holders.Although the Securities and Exchange Commission once argued that Uniswap’s governance should be classified as a security (in an enforcement threat last year), the agency’s current leadership is trying to forge a more collaborative path.
“Many industry participants came away from the roundtable optimistic about what’s ahead,”Jennifer Rosenthal, a spokesperson for the DeFi Education Fund, a research and advocacy group, told Decrypt. “It’s encouraging that there is an emphasis on listening and learning from industry participants.”
The tokens fall under the umbrella of decentralized finance because their associated projects seek to offer financial services, whether that’s lending or trading, without relying on traditional intermediaries like banks. They use smart contracts instead.
According to Danny Nelson, a research analyst at asset manager Bitwise, trading volumes among Ethereum-based governance tokens were “unusually heavy” on Tuesday, adding that Ethereum’s strength “often trickles down” to other assets on the network.
“Today we’re seeing something closer to a tsunami,” he said. “The rally is also giving traders who borrow against their ETH [positions] more collateral to draw from.”
Aave, a decentralized lending protocol, lets users lend or borrow cryptocurrency. The project, which initially debuted on Ethereum as ETHLend, currently holds around $26.166 billion in assets, representing an all-time high on Tuesday, DefiLlama data showed.
Uniswap, a decentralized exchange, operates across 36 blockchains. However, among $5 billion worth of assets held on the protocol, $3.5 billion exist on Ethereum. In May, Uniswap facilitated $92 billion worth of trading volume, its fourth best month since 2020.
Sky Protocol, formerly Maker, is designed primarily around stablecoin issuance. Users are able to deposit Ethereum and other assets as collateral to mint Sky’s USDS stablecoin, and the project currently holds $5.3 billion in assets.
Although Ethereum’s performance can influence the price of governance tokens, Nelson posited that the dynamic could be flipped following Atkins’ comments.
“Instead of ETH leading its DeFi ecosystem higher, today we’re seeing the DeFi ecosystem power ETH,” Nelson said. “Traders are trying to price in a future where the common rails of Ethereum’s on-chain economy balloon into something truly powerful.”
Seth Oranburg, a professor of law at the University of New Hampshire, told Decrypt that legislation being weighed on Capitol Hill, such as the Clarity Act, could also become a factor. If the bill is passed with rules determining what regulations governance tokens are subject to, that could drive further participation, he said.
“That kind of clarity is going to open up the possibility for legitimate business,” he said. “I expect we’ll see an explosion of the use of these tokens.”
Edited by James Rubin
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Against the backdrop of rapid advancements in global financial technology, compliance intelligent financial platform Stockrich is reshaping the logic of stock contract trading through unprecedented technological innovation. With its self-developed AI quantitative system, high-frequency algorithm trading engine, and risk hedging architecture, Stockrich is ushering global investors into a new trading era characterized by “efficiency, transparency, and predictability.”
As a strategic tool traditionally used by professional investment institutions and quantitative hedge funds, stock contract trading has not become a mainstream choice for retail investors due to its high technical barriers, heavy execution costs, and insufficient market depth. Now, Stockrich is breaking down these barriers with cutting-edge technology, allowing individual investors worldwide to compete on the same level as professional institutions.
Technology-Driven: Redefining the Infrastructure of Stock Contract Trading
Stockrich combines cloud computing, AI modeling, real-time data streaming, and multi-market access technology to build a globally leading intelligent trading system with the following core advantages:
· Ultra-Fast Contract Matching Engine: Based on a distributed high-performance computing architecture, it achieves millisecond-level order execution, greatly reducing slippage and latency.· AI Smart Strategy Engine: Algorithms analyze global market trends and macro variables in real-time, dynamically optimizing trading paths and entry/exit timings.· Cross-Market Liquidity Management System: Intelligently connects multiple markets, including US, Hong Kong, and European stock exchanges, improving order success rates and asset allocation efficiency.· Quantitative Hedging Mechanism: Introduces volatility tracking models and market sentiment monitoring tools to automatically hedge systemic risks, ensuring the safety of investor assets.
The founder and CEO of Stockrich stated at the launch: “We are redefining the concept of trading. Trading should not merely be reactive; it should combine prediction and positioning, which is the core value that data and technology can provide to investors.”
Voices from the Investment Community: Global Experts Optimistic About Stockrich’s Transformational Potential
Stockrich’s technological breakthroughs in contract trading have garnered high praise from several world-class investors. These endorsements not only affirm Stockrich’s leading position in technology and modeling but also indicate that its “user-system-market” closed-loop design has gained high recognition within the international capital community.
User Experience: High-Frequency Technology + AI Strategies Empowering Global Retail Investors
Stockrich continuously optimizes the terminal trading experience through extensive data collection and behavioral learning, addressing pain points in traditional contract trading:
· Faster Execution, Lower Slippage: Traditional investors often face delays in order placement and execution; Stockrich significantly enhances order matching efficiency.· Lower Costs, More Stable Returns: The platform uses smart contracts and matching pool mechanisms to greatly reduce trading costs and improve capital utilization.· More Accurate Strategies, More Stable Decisions: The AI system can simulate and predict various macro market scenarios, helping users maintain strategic initiative in volatile markets.Users are no longer passive recipients of market rhythms; instead, they actively engage through Stockrich’s intelligent collaborative system to lock in optimal return ranges.
Market Outlook: Building the Next Generation of Intelligent Contract Financial Ecosystem
By 2025, Stockrich plans to fully implement its system upgrade in the contract trading market, aiming to achieve the following strategic goals within the next 12 months:
· Seamlessly integrate the “Sigma AI System” with stock contract modules to implement personalized strategy trading models.· Launch stock contract services simultaneously in the Asian and European markets, building a global matching and liquidity pool.· Localize trading strategy compliance modules for 20 major global financial markets.
Establish strategic partnerships with third-party funds, brokerages, and asset management platforms to promote the embedded output of Stockrich’s trading system.
The founder of Stockrich remarked: “We are not chasing a market trend; we are building the underlying structure of global intelligent finance. In the future, contract trading will no longer be a game for a few institutions but a new market paradigm shared by individuals and institutions worldwide.”
Stockrich is leading a transformation in trading rules, moving from “being able to trade” to “being able to win at trading,” creating an intelligent investment infrastructure for the 21st century.
Media Contact
Contact: Candis P. Haag
Company Name: Stockrich Ltd
Website: https://stockrich.com/
Disclaimer: The information provided in this press release is not a solicitation for investment, nor is it intended as investment advice, financial advice, or trading advice. It is strongly recommended you practice due diligence, including consultation with a professional financial advisor, before investing in or trading cryptocurrency and securities.
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Waymo self-driving cars were vandalized and set ablaze during a protest against ICE raids in downtown Los Angeles.
Waymo temporarily pulled its fleet from the area and is cooperating with authorities.
Several Waymo autonomous taxis were vandalized and set on fire Sunday during a protest against the U.S. Immigration and Customs Enforcement raids in Los Angeles and the Trump administration’s deployment of National Guard into the region.
What the vehicles were doing there—who sent them, and why—is thus far unknown. Viral videos posted to social media show demonstrators climbing atop the self-driving taxis, smashing windows, and spray-painting the sides of the taxis. At least five vehicles were severely damaged and set on fire as the protest escalated on Sunday evening, according to a report by KTLA.
As the electric vehicles burned, officials warned that the chemicals in the cars’ batteries could release toxic fumes.
⚠️ Traffic Advisory⚠️ To our media partners, demonstrators and others who may enter the area of Los Angeles St, North of Arcadia and South of Alameda:
Burning lithium-ion batteries release toxic gases, including hydrogen fluoride, posing risks to responders and those nearby.…
— LAPD Central Division (@LAPDCentral) June 9, 2025
While Waymo appeared to scale back its operations in the Los Angeles area on the Waymo app, the company said it is being cautious with further deployments.
“Waymo is still operating in Los Angeles,” a spokesperson told Decrypt. “However, out of an abundance of caution, given the recent activity, we removed vehicles from Downtown Los Angeles and will not be serving that specific area of LA at the moment.” The spokesperson noted that Waymo did not appear to be the target of the attacks.
Waymo said it was working with local authorities in the aftermath of the incident. The Los Angeles Police Department did not respond to Decrypt’s request for comment.
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SOUTHAMPTON, Pa., June 09, 2025 (GLOBE NEWSWIRE) — Environmental Tectonics Corporation (OTC Pink: ETCC) (“ETC” or the “Company”) today reported its financial results for the fourteen week period ended February 28, 2025 (the “2025 fiscal fourth quarter”) and the fifty-three week period ended February 28, 2025 (“fiscal 2025”).
Robert L. Laurent, Jr., ETC’s Chief Executive Officer and President stated, “Our strong backlog and pipeline of opportunities once again translated into increases in net sales, gross profit margin, operating income and net income. These results reflect growth in each of our business units with sales increasing to $62.9 million, gross profit increasing to $18.5 million, and net income increasing to $13.1 million or $0.75 diluted earnings per share in fiscal 2025 as compared to net income of $1.8 million or $0.09 diluted earnings per share in fiscal 2024. We believe we remain well positioned for the future with a backlog of $87 million and strong pipeline of opportunities at February 28, 2025.”
Fiscal 2025 Results of Operations
Net Income
Net income was $13.1 million, or $0.75 diluted earnings per share, in fiscal 2025, compared to net income of $1.8 million during fiscal 2024, equating to $0.09 per diluted share. The $11.2 million variance is primarily attributable to a $19.6 million increase in sales, a $6.1 million increase in gross profit, slightly offset by a $0.8 million increase in operating expenses. Fiscal 2025 is also being positively impacted by an income tax benefit of $5.6 million, primarily associated with the partial reversal of valuation allowance previously recorded against the deferred tax asset. The deferred tax asset valuation allowance on federal deferred tax assets and certain state deferred tax assets was reversed in fiscal 2025, as it is now more likely than not that the Company will be able to fully realize these deferred tax assets.
Net Sales
Net sales for fiscal 2025 was $62.9 million, an increase of $19.6 million, or 45.3%, compared to fiscal 2024 net sales of $43.3 million. The increase is a result of higher International sales of $13.4 million, of which $9.3 million are within Aircrew Training Solutions (“ATS”) and $3.5 million are within Commercial Industrial Systems (“CIS”) as well as higher Domestic sales of $6.2 million, $6.0 million of which are within CIS. Further, sales in fiscal 2025 increased the greatest within the ATS business unit and Sterilizer Systems business unit, accounting for $9.9 and $7.4 million, respectively, of the overall increase of $19.6 million.
Gross Profit
Gross profit for fiscal 2025 was $18.5 million compared to $12.5 million in fiscal 2024, an increase of $6.1 million, or 48.7%. The increase in gross profit was primarily due to higher net sales within the ATS and Sterilizers System business units. Gross profit margin as a percentage of net sales increased to 29.4% in fiscal 2025 compared to 28.8% in fiscal 2024.
Operating Expenses
Operating expenses, including sales and marketing, general and administrative, and research and development, for fiscal 2025 was $10.3 million compared to $9.5 million in fiscal 2024, an increase of $0.8 million, or 8.1%. An increase in selling and marketing expenses, primarily driven by higher sales and an increase in general and administrative expenses, due primarily to an increase in salary and related expenses, along with an increase in professional fees was offset slightly by a decrease in research and development expenses.
Interest Expense, Net
Interest expense, net, for fiscal 2025 was $1.2 million compared to $0.9 million in fiscal 2024, an increase of $0.3 million, or 31.6%, due primarily to higher borrowing attributable to the leaseback of the Southampton, Pennsylvania demonstration equipment in fiscal 2025.
Other (Income) Expense, Net
Other income, net, for fiscal 2025 was ($0.4) million, compared to other expense, net, of $0.3 million in fiscal 2024 a favorable variance of ($0.7) million, or (221.5%) attributable to a gain realized from the sale of the Southampton, Pennsylvania demonstration equipment in fiscal 2025.
Income (Benefit) Taxes
As of February 28, 2025, the Company reviewed the components of its deferred tax assets and determined, based upon all available information, that it is more likely than not that deferred tax assets relating to its federal deferred tax assets and certain state deferred tax assets will be realized. Accordingly, we reversed the previously recorded valuation allowance against these deferred tax assets. If in the future there is a change in our ability to realize these deferred tax assets, then our tax valuation allowance may increase in the period in which we determine that realization is no longer more likely than not. An income tax benefit of $5.6 million was recorded in fiscal 2025 compared to income tax benefit of $0.1 million recorded in fiscal 2024.
Fiscal 2025 Fourth Quarter Results of Operations
Net Income
Net income was $7.6 million, or $0.45 diluted earnings per share, in the 2025 fiscal fourth quarter, compared to net income of $2.8 million during the 2024 fiscal fourth quarter, equating to $0.17 diluted earnings per share. The $4.8 million variance is a result of $2.7 million of increased sales, $0.6 million increase in other income attributable to the sale of the Company’s demonstration equipment offset slightly by an 8.9% decrease in gross profit margin percentage, primarily attributable to increased aeromedical center building sales and higher interest expense attributable to the demonstration equipment lease. The 2025 fiscal fourth quarter is also being positively impacted by a $5.5 million increase in income tax benefit attributable to the reversal of the deferred tax asset valuation allowance.
Net Sales
Net sales for the 2025 fiscal fourth quarter were $19.1 million, an increase of $2.7 million, or 16.4%, compared to net sales of $16.4 million for the 2024 fiscal fourth quarter. The increase reflects higher overall sales within the ATS and Sterilizer Systems business units.
Gross Profit
Gross profit was $4.7 million in the 2025 fiscal fourth quarter, a decrease of $0.8 million, or 14.5% compared to gross profit of $5.5 million for the 2024 fiscal fourth quarter. Gross profit margin as a percentage of net sales decreased to 24.6% in the 2025 fiscal fourth quarter compared to 33.5% in 2024 fiscal fourth quarter. The majority of the decrease was a direct result of the increase in aeromedical center building sales, which is lower margin then ETC’s core business as the work is being performed by a sub-contracted construction firm. Excluding the aeromedical center building sales, gross profit margin would have been approximately 29.7%. As the building construction of the aeromedical center accelerates over the next year, ETC expects gross profit margin to be lower in fiscal 2026 as compared to fiscal 2025.
Operating Expenses
Operating expenses, including sales and marketing, general and administrative, and research and development, for the 2025 fiscal fourth quarter were $2.7 million, an increase of $0.2 million, or 6.1%, compared to $2.5 million for the 2024 fiscal fourth quarter. The increase in operating expenses was due primarily to higher general and administrative expenses slightly offset by lower selling and marketing and research and development expenses in the 2025 fiscal fourth quarter compared to the 2024 fiscal fourth quarter.
Interest Expense, Net
Interest expense, net, for the 2025 fiscal fourth quarter was $0.6 million compared to $0.2 million in the 2024 fiscal fourth quarter, an increase of $0.4 million, or 146.6%, reflecting increased borrowing attributable to the leaseback of the demonstration equipment in 2025 fiscal fourth quarter.
Other (Income) Expense, Net
Other income, net, for 2025 fiscal fourth quarter was ($0.5) million, compared to other expense, net, of $0.1 million in 2024 fiscal fourth quarter, a favorable variance of ($0.6) million, or (721.0%) attributable to a gain realized from the sale of the Southampton, Pennsylvania demonstration equipment in the 2025 fiscal fourth quarter.
Income (Benefit) Taxes
An income tax benefit of $5.7 million was recorded in the fiscal 2025 fourth quarter compared to an income tax benefit of $0.2 million in the 2024 fiscal fourth quarter. The increase in the income tax provision in the 2025 fiscal fourth quarter was driven primarily by the reversal of the valuation allowance on federal deferred tax assets and certain state deferred tax assets. This reversal is attributable to the change in the Company’s operating profit and expected ability to realize these deferred tax assets.
Liquidity and Capital Resources
As of February 28, 2025, the Company’s availability under the PNC Revolving Line of Credit was $2.2 million. This reflected cash borrowings of $14.3 million and net outstanding standby letters of credit of approximately $3.5 million. As of June 9, 2025, the date of our most current Revolving Line of Credit statement, the Company’s availability under the PNC Revolving Line of Credit was approximately $1.2 million. The Company had working capital of $19.7 million as of February 28, 2025 compared to working capital of $8.7 million as of February 23, 2024. The increase in working capital was primarily the result of a significant increase in contract assets and reduction in contract liabilities partially offset by a decrease in prepaid assets and increase in accounts payable, trade and an increase in the current portion of lease obligations. With unused availability under the Company’s various current lines of credit, the further conversion of contract assets and inventory into cash, the collection of milestone payments associated with several International contracts, and expected deposits on fiscal 2026 bookings, the Company anticipates its sources of liquidity will be sufficient to fund its operating activities, anticipated capital expenditures, and debt repayment obligations throughout fiscal 2025.
On February 3, 2025, the Company entered into a Financing and Security Agreement with Coeur Capital, Inc. that provided for a line of credit of up to $3.0 million. The company is able to draw on the line transferring and assigning acceptable accounts receivable to Coeur Capital. The Financing and Security Agreement remains in full force until terminated by either party upon advanced written notice. As of February 28, 2025, the Company’s availability under this Financing and Security Agreement was $3.0 million. As of June 9, 2025, the date of our report, the Company’s availability under this Financing and Security Agreement with Coeur Capital was $3.0 million.
Cash flows from operating activities
During fiscal 2025, cash flows used by operating activities were $3.9 million, an increase of $0.2 million compared to fiscal 2024 cash flows used by operating activities of $3.7 million. Cash flows in fiscal 2025 increased as a result of the increase in contract assets and decrease in contract liabilities partially offset by net income for the fiscal year.
Cash flows from investing activities
Cash flows from investing activities primarily relates to funds for capital expenditures in property, plant, and equipment and software development. The Company’s fiscal 2025 investing activities provided $3.6 million as compared to fiscal 2024 investing activities which used $0.3 million. The change in investing activities is attributable to $4.0 million from the sale leaseback of the demonstration equipment in Southampton, Pennsylvania.
Cash flows from financing activities
During fiscal 2025, the Company’s financing activities provided $1.7 million from borrowings under the Company’s credit facility to support the significant increase in manufacturing, compared to fiscal 2024 borrowings of $2.7 million.
About ETC
ETC was incorporated in 1969 in Pennsylvania. For over five decades, we have provided our customers with products, services, and support. Innovation, continuous technological improvement and enhancement, and product quality are core values that are critical to our success. We are a significant supplier and innovator in the following areas: (i) software driven products and services used to create and monitor the physiological effects of flight, including high performance jet tactical flight simulation, fixed and rotary wing upset prevention and recovery and spatial disorientation, and both suborbital and orbital commercial human spaceflight: altitude (hypobaric) chambers; hyperbaric chambers for multiple persons (multiplace chambers) collectively, Aircrew Training Systems (“ATS”);; (ii) Advanced Disaster Management Simulators (“ADMS”); (iii) steam and gas (ethylene oxide) sterilizer systems (“Sterilizer Systems” or “Sterilizers”); and (iv) Environmental Testing and Simulation Systems (“ETSS”).
We operate in two primary business segments, Aerospace Solutions (“Aerospace”) and Commercial/Industrial Systems (“CIS”). Aerospace encompasses the design, manufacture, and sale of: (i) ATS products; and (ii) ADMS, as well as integrated logistics support (“ILS”) for customers who purchase these products or similar products manufactured by other parties. These products and services provide customers with an offering of comprehensive solutions for improved readiness and reduced operational costs. Sales of our Aerospace products are made principally to U.S. and foreign government agencies and to civil aviation organizations. CIS encompasses the design, manufacture, and sale of: (i) sterilizer systems; and (ii) ETSS; as well as parts and service support for customers who purchase these products or similar products manufactured by other parties. Sales of our CIS products are made principally to the healthcare, pharmaceutical, and automotive industries.
ETC-PZL Aerospace Industries Sp. z o.o. (“ETC-PZL”), our 100%-owned subsidiary in Warsaw, Poland, is currently our only operating subsidiary. ETC-PZL manufactures certain simulators and provides software to support products manufactured domestically within our Aerospace segment.
The majority of our net sales are generated from long-term contracts with U.S. and foreign government agencies (including foreign military sales (“FMS”) contracted through the U.S. Government) for the research, design, development, manufacture, integration, and sustainment of ATS products, including Chambers and the simulators manufactured and sold through ETC-PZL, collectively, ATS. The Company also enters into long-term contracts with domestic and international customers for the sale of sterilizer systems and ETSS. Net sales of ADMS are generally much shorter term in nature and vary between domestic and international customers. We generally provide our products and services under fixed-price contracts.
ETC’s unique ability to offer complete systems, designed and produced to high technical standards, sets it apart from its competition. ETC’s headquarters is located in Southampton, PA. For more information about ETC, visit http://www.etcusa.com/.
Forward-looking Statements
This news release contains forward-looking statements, which are based on management’s current expectations and are subject to uncertainties and changes in circumstances. Words and expressions reflecting something other than historical fact are intended to identify forward-looking statements, and these statements may include words such as “may”, “will”, “should”, “expect”, “plan”, “anticipate”, “believe”, “estimate”, “future”, “predict”, “potential”, “intend”, or “continue”, and similar expressions. We base our forward-looking statements on our current expectations and projections about future events or future financial performance. Our forward-looking statements are subject to known and unknown risks, uncertainties and assumptions about ETC and its subsidiaries, the economy and other factors that may cause actual results to be materially different from any future results implied by these forward-looking statements. We caution you not to place undue reliance on these forward-looking statements.
Table A Environmental Tectonics CorporationConsolidated Comprehensive Statement of Operations and Comprehensive Income (in thousands, except per share information) Fifty-three / Fifty-two weeks ended Variance February 28, 2025February 23, 2024 ($) (%)Net sales $62,943 $43,307 $19,636 45.3 Cost of goods sold 44,420 30,848 13,572 44.0 Gross Profit 18,523 12,459 6,064 48.7 Gross profit margin % 29.4% 28.8% 0.6% 2.1% Operating expenses 10,260 9,494 766 8.1 Operating income 8,263 2,965 5,298 178.7 Operating margin % 13.1% 6.8% 6.3% 92.6% Interest expense, net 1,183 899 284 31.6 Other (income) expense, net (361) 297 (658) -221.5 Income before income taxes 7,441 1,769 5,672 320.6 Pre tax margin % 11.8% 4.1% 7.7% 187.8% Income tax provision (benefit) (5,622) (51) (5,571) 10923.5 Net income 13,063 1,820 11,243 617.7 Preferred Stock Dividends (493) (484) (9) 1.9 Income attributable to common and participating shareholders $12,570 $1,336 $11,234 840.9 Per share information: Basic earnings per common and participating share: Distributed earnings per share: Common $– $– Preferred $0.08 $0.08 $– 0.0 Undistributed earnings per share: Common $0.81 $0.09 $0.72 800.0 Preferred $0.81 $0.09 $0.72 800.0 Diluted earnings per share $0.75 $0.09 $0.66 733.3 Total basic weighted average common and participating shares 15,572 15,569 Total diluted weighted average shares 16,655 15,569 Table B Environmental Tectonics CorporationConsolidated Comprehensive Statement of Operations and Comprehensive Income Fourteen / Thirteen weeks ended Variance(in thousands, except per share information) February 28, 2025 February 23, 2024 ($) (%)Net sales $19,098 $16,414 $2,684 16.4 Cost of goods sold 14,394 10,915 3,479 31.9 Gross Profit 4,704 5,500 (795) -14.5 Gross profit margin % 24.6% 33.5% -8.9% -26.7% Operating expenses 2,665 2,513 153 6.1 Operating income 2,039 2,987 (948) -31.6 Operating margin % 10.7% 18.2% -7.5% -40.8% Interest expense, net 613 249 365 146.6 Other (income) expense, net (504) 81 (584) -721.0 Income before income taxes 1,930 2,658 (728) -27.4 Pre-tax margin % 10.1% 16.2% -6.2% (38.2) Income tax provision (benefit) (5,682) (171) (5,511) 3222.8 Net income 7,612 2,829 4,783 169.1 Preferred Stock dividends (130) (121) (9) 7.4 Income attributable to common and participating shareholders $7,482 $2,708 $4,774 176.3 Per share information: Basic earnings per common and participating share: Distributed earnings per share: Common $– $– $– Preferred $0.02 $0.02 $– 0.0 Undistributed earnings per share: Common $0.48 $0.17 $0.31 182.4 Preferred $0.48 $0.17 $0.31 182.4 Diluted earnings per share $0.45 $0.17 $0.28 164.7 Total basic weighted average common and participating shares 15,582 15,569 Total diluted weighted average shares 16,725 15,569
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In February, Argentine President Javier Milei promoted the LIBRA meme coin.
After the Solana-based token crashed in value, multiple investigations were started.
The country’s corruption office ruled that President Milei did no wrong.
Argentina’s anti-corruption unit has cleared President Javier Milei for his involvement in the debut of the LIBRA meme coin, according to a court filing on Friday, although a criminal probe is still underway.
The office said that the president was acting in a personal capacity when he posted about the cryptocurrency earlier this year, and concluded that there was no wrongdoing.
President Milei in February advertised LIBRA on X (formerly Twitter), saying the cryptocurrency could benefit Argentina.
LIBRA peaked at $4.50 after debuting before falling by 90% to below $.50, according to the crypto analytics platform DexScreener, prompting investors to accuse the developers behind it of running a pump-and-dump scheme.
The token, which racked up about $1.1 billion in trading volume in a matter of a few hours of its launch, is currently trading at about $0.03.
Under political pressure from the opposition party, the anti-corruption office started its probe, alongside others, alleging that Milei had misused his position in promoting LIBRA.
President Milei last month dissolved a body—the Investigative Task Force—set up to investigate him. The criminal investigation is looking into similar charges that Milei benefited from the meme coin’s launch.
Meme coins are digital tokens often based on Internet culture or jokes. They are volatile and often crash hard after soaring in value as investors quickly cash out of their positions.
The subsphere of the crypto space made headlines in January after President Trump introduced a meme coin—Official Trump—on theSolana blockchain ahead of his inauguration.
President Milei—who won on a ticket to fix the economy in the inflation-stricken country—has been investigated before for promoting crypto projects.
Before he was president, investors sued Milei in 2022 for posting about CoinX, a crypto investment platform that promised huge returns to users, on Instagram.
The Argentine government’s anti-corruption department did not immediately respond to Decrypt‘s questions.
Edited by James Rubin
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Press ReleaseVELIZY-VILLACOUBLAY, France — June 9, 2025
Declaration of the number of outstanding shares andvoting rights as of May 31, 2025
Dassault Systèmes (Euronext Paris: FR0014003TT8, DSY.PA) today announced below the total number of its outstanding shares and voting rights as of May 31, 2025, according to articles 223-16 and 221-3 of the General Regulation of the Autorité des marchés financiers.
Number of outstanding shares: 1,340,826,964
Number of voting rights*: 2,014,017,258
*The total number of voting rights is calculated on the basis of the total number of outstanding shares, even if the voting rights attached thereto are suspended, pursuant to Article 223-11 of the General Regulation of the Autorité des marchés financiers relating to the method for calculating the percentages of holdings in shares and in voting rights. We invite our shareholders to refer to this article should they need to declare crossing of thresholds.
Declarations related to crossing of threshold must be sent to:Dassault Systèmes, Investor Relations Service, 10, rue Marcel Dassault, CS 40501, 78946 Vélizy-Villacoublay Cedex (France). E-mail address: Investors@3ds.com
###
ABOUT DASSAULT SYSTÈMES
Dassault Systèmes is a catalyst for human progress. Since 1981, the company has pioneered virtual worlds to improve real life for consumers, patients and citizens. With Dassault Systèmes’ 3DEXPERIENCE platform, 370 000 customers of all sizes, in all industries, can collaborate, imagine and create sustainable innovations that drive meaningful impact. For more information, visit http://www.3ds.com
Dassault Systèmes: declaration of the number of outstanding shares and voting rights as of May 31, 2025
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It’s tough to keep tabs on the ever-changing crypto gaming space, thanks to the constant flow of news: everything from big game launches and fun degen experiments to token price swings and occasional project collapses. It’s a lot to follow.
Luckily, we’re plugged in at Decrypt’s GG. We cover the biggest happenings throughout the week, and then this weekly roundup provides a quick way to catch up, as well as find a bunch of other little bits of news from throughout the week.
Top stories
Bonk Arena launches: Solana meme coin Bonk has launched its first official video game, Bonk Arena, developed by Bravo Ready. The fast-paced, top-down arcade shooter is playable through web browsers and the Phantom wallet mobile app, with plans for release on the upcoming PSG1 handheld device.
The game uses a “pay-to-spawn, win-to-earn” model where players pay 10,000 BONK tokens (just over $0.15 today) to spawn and inherit stakes from killed players. Half the revenue will fund BONK token burns, rewards, and charity donations, while the other half supports READY token buybacks.
Bonk, originally created after the FTX collapse to unite Solana community members, has become a symbol of the network’s resurgence, and continues expanding its ecosystem presence through various projects.
FIFA Rivals incoming: Blockchain-powered mobile soccer game FIFA Rivals will launch on June 12 on iOS and Android, bolstered by a multi-year licensing partnership with Adidas. The collaboration integrates Adidas products throughout the game, including digital kits, jerseys, and exclusive branded items tied to the company’s soccer heritage.
FIFA Rivals combines FIFA branding with casual gameplay, allowing players to build teams using major clubs and stars, compete in real-time matches, and trade digital player cards as NFTs on the Mythical Marketplace. The game follows Mythical Games’ previous NFL Rivals title, and is built on the Polkadot-powered Mythos chain.
Additional features include digital kit drops, boot releases connected to real-world player performance, limited-edition match balls, and training facilities for card upgrades. FIFA separately announced plans for its own Avalanche blockchain to support its FIFA Collect digital collectibles platform.
ICYMI
Flappy Bird has renewed its Web3 push, teasing a new competitive version of the game with on-chain rewards, plus an IP protocol.
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London, United Kingdom , June 08, 2025 (GLOBE NEWSWIRE) — As global demand for passive cryptocurrency income continues to surge in 2025, cloud mining has quickly become the preferred strategy for a growing number of investors. Amid rising financial uncertainty worldwide, investor interest in decentralized assets like Bitcoin (BTC) has soared, driving unprecedented demand for legal, secure, convenient, and high-return crypto investment platforms.
Leading this transformation is Miningcoop—widely recognized as the most profitable and trusted Bitcoin and Dogecoin cloud mining platform of 2025. Unlike traditional mining setups, Miningcoop requires no expensive hardware or complex installations. With just a few clicks, users can begin earning stable daily returns through cloud-based crypto mining.
Miningcoop: Delivering the Most Trusted Daily Crypto ROI Solutions in 2025 (Awarded Best Cloud Mining Platform)
A key advantage of Miningcoop lies in its AI-powered, transparent, and quantifiable income model. Users can flexibly select from a variety of short- and medium-term mining contracts based on their budgets and profit goals. Contracts pay daily and automatically return the principal upon maturity—with no hidden fees or costs.
Miningcoop’s most popular mining contracts feature:
· Contract durations starting from just 1 day· Daily earnings of up to $4,400, based on real mining pool output· Multi-currency support for deposits and withdrawals (BTC, ETH, DOGE, USDT)· Zero hardware costs, no maintenance required
� Visit Miningcoop.com now to claim your free $100 bonus
Example Earnings Table:
The following chart illustrates the potential profit you can achieve.
Withdrawals are supported in BTC, ETH, DOGE, or USDT. The minimum withdrawal amount is $200. Earnings are calculated and distributed automatically each day.
Beginners Welcome: Start Your Crypto Passive Income with Zero Experience
1. Fast Account Registration: Visit Miningcoop.com and register with your email in just one minute.2. Claim Your $100 Free Mining Bonus: All new users receive a free 1-day contract worth $100, with estimated earnings up to $1.35.3. Choose a High-Yield Plan: Select from a wide variety of BTC and DOGE mining contracts with flexible durations and stable daily returns.4. Multi-Currency Payment, Instant Start: Pay using BTC, USDT, ETH, or DOGE—mining begins automatically after payment, no manual setup needed.5. Track Your Earnings in Real-Time: The user dashboard provides transparent insights into daily profits, balances, contract progress, and withdrawal history.6. Withdraw or Reinvest: Once your account reaches $200, withdraw at any time or reinvest into a new plan to enjoy compound growth.
If you’re searching for “how to mine Bitcoin without hardware” or “best Bitcoin cloud mining app for beginners,” Miningcoop is the ideal starting point. It offers a simple, secure, and beginner-friendly gateway into the world of crypto passive income.
Trusted by Millions Worldwide: Miningcoop Ranked Among the Safest Cloud Mining Platforms of 2025
As of 2025, Miningcoop boasts over 1 million active users across 150+ countries and regions, making it one of the most widely adopted and trusted Bitcoin and Dogecoin cloud mining platforms globally. With consistent 4.6+ star ratings on Trustpilot, Reddit, and Google Reviews, Miningcoop ranks at the top in categories such as “legal, verifiable, and high-yield cloud mining sites.”
On the security front, Miningcoop has implemented cold wallet-based multi-layered encryption systems, AI-driven fraud detection, tiered firewalls, and behavior analysis technologies to effectively prevent hacking and fraudulent activity. The platform is also deeply integrated with world-leading mining pools to ensure 99.9% uptime and globally balanced load distribution.
Conclusion: The Most Trusted Bitcoin Cloud Mining Platform of 2025 Offering Leading Investment Solutions
As cloud mining enters a new era of compliance and intelligent efficiency, choosing a platform that is legal, secure, and high-yield is more important than ever. Backed by AI-powered hash rate scheduling, fully transparent profit mechanisms, and a world-class user experience, Miningcoop has earned its place as one of the most recommended crypto investment platforms of 2025.
Start mining smarter today — visit Miningcoop.com and explore the leading Bitcoin and Dogecoin cloud mining solution of 2025. Begin your automated passive crypto income journey with confidence.
Disclaimer: The information provided in this press release is not a solicitation for investment, nor is it intended as investment advice, financial advice, or trading advice. Cryptocurrency mining and staking involves risk. There is potential for loss of funds. It is strongly recommended you practice due diligence, including consultation with a professional financial advisor, before investing in or trading cryptocurrency and securities.
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Human Capital Management Market HTF MI just released the Global Human Capital Management Market Study, a comprehensive analysis of the market that spans...