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2U Announces 1-for-30 Reverse Stock Split

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LANHAM, Md., June 10, 2024 /PRNewswire/ — 2U, Inc. (Nasdaq: TWOU), a leading online education platform company, today announced that it will proceed with a 1-for-30 reverse stock split (“Reverse Stock Split”) of its outstanding shares of common stock (the “Common Stock”) following approval by its Board of Directors. This ratio is within the range approved by stockholders at the annual meeting of 2U shareholders held on May 20, 2024.

The Reverse Stock Split is expected to become effective at 5 p.m., Eastern Time, on June 13, 2024. 2U expects the Common Stock will begin trading on a post-split basis at the market open on June 14, 2024 under the symbol “TWOU” with the new CUSIP number 90214J 200.

The primary goal of the Reverse Stock Split is to increase the per share market price of the Common Stock to regain compliance with Nasdaq’s minimum bid price requirement for continued listing on The Nasdaq Global Select Market.

When the Reverse Stock Split is effective, every 30 shares of the Company’s Common Stock issued and outstanding will be combined automatically into one share of Common Stock. The Reverse Stock Split will apply equally to all outstanding shares of Common Stock, and each stockholder will hold the same percentage of Common Stock outstanding immediately following the Reverse Stock Split, except for minor adjustments that may result from the treatment of fractional shares. No fractional shares will be issued in connection with the Reverse Stock Split. Holders of Common Stock will receive a cash payment (without interest) in lieu of any fractional shares. Additionally, all equity awards outstanding immediately prior to the Reverse Stock Split will be proportionately adjusted.

Equiniti Trust Company, LLC (“Equiniti”), formerly American Stock Transfer & Trust Company, is acting as the exchange agent and transfer agent for the Reverse Stock Split.

Stockholders holding their shares electronically in book-entry form are not required to take any action to receive post-split shares. Stockholders holding certificated shares will receive a transmittal letter from Equiniti as soon as practicable after the Reverse Stock Split is effected. The transmittal letter will be accompanied by instructions specifying how you can exchange your certificate or certificates representing the pre-Reverse Stock Split shares of Common Stock for a statement of ownership. Stockholders owning shares through a bank, broker or other nominee will have their positions adjusted to reflect the Reverse Stock Split and will receive payment for any fractional shares in accordance with their respective bank’s, broker’s or nominee’s particular processes.

Additional information about the Reverse Stock Split can be found in 2U’s definitive proxy statement (Form DEF 14A) filed with the U.S. Securities and Exchange Commission (the “SEC”) on April 8, 2024. 

About 2U, Inc. (Nasdaq: TWOU)
2U is a global leader in online education. Guided by its founding mission to eliminate the back row in higher education, 2U has spent 15 years advancing the technology and innovation to deliver world-class learning outcomes at scale. Through its global online learning platform edX, 2U connects more than 86 million people with thousands of affordable, career-relevant learning opportunities in partnership with 260 of the world’s leading universities, institutions, and industry experts. From free courses to full degrees, 2U is creating a better future for all through the power of high-quality online education. Learn more at 2U.com.

Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking statements regarding 2U, Inc. (“2U” or the “Company”). All statements in this press release that are not historical including, without limitation, those regarding the timing of the implementation of the Reverse Stock Split and our compliance with the continued listing requirements of The Nasdaq Global Select Market, are forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are not guarantees of future performance and involve risks, assumptions and uncertainties, including those described under the heading “Risk Factors” in our Annual Report on Form 10-K for the year ended December 31, 2023, our Quarterly Report on Form 10-Q for the quarter ended March 31, 2024 and our other SEC filings. 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. These forward-looking statements speak only as of the date they are made. We do not undertake, and expressly disclaim, any duty or obligation to update publicly any forward-looking statement after the date of this release, whether as a result of new information, future events, changes in assumptions or otherwise.

Investor Contact:
investorinfo@2u.com

Media Contact:
media@2u.com

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SOURCE 2U, Inc.

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OSL Wealth Announces Strategic Partnership with Nine Blocks to Distribute Institutional-Grade Crypto Market Neutral Arbitrage Strategies

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HONG KONG, May 9, 2025 /PRNewswire/ — OSL Wealth, a wealth management platform tailored for traditional investors managing crypto assets of OSL Group (HKEX: 863), today announced a distribution partnership with Nine Blocks Capital Management, a pioneer in regulated and institutional crypto hedge fund management and the first and only crypto hedge fund regulated by Dubai’s Virtual Assets Regulatory Authority (VARA).

Through this collaboration, OSL Wealth will offer qualified investors  access to Nineblocks’ flagship USD Market Neutral Fund and BTC Market Neutral Fund, marking a significant milestone in the institutional adoption of digital asset investment strategies.

The partnership addresses growing demand from institutional investors seeking crypto exposure via regulated fund managers. This will enable OSL clients to generate returns on the USD/stable coin assets as well as generate yield on their Bitcoin holdings.

Nine Blocks’ market-neutral approach combines sophisticated quantitative strategies with rigorous risk management frameworks to deliver consistent returns across market cycles. The USD Market Neutral Fund enables investors to generate returns on their USD and stable coin assets. The BTC Market Neutral Fund enables long term BTC holders to generate yield on their Bitcoin assets without losing Bitcoin exposure.

Eugene Cheung, Chief Commercial Officer of OSL, emphasised the strategic importance of this partnership, “As digital assets mature into an institutional asset class, investors increasingly require sophisticated strategies that align with traditional portfolio construction principles. Nineblocks’ VARA-regulated market-neutral solutions represent exactly what discerning allocators demand – the innovation potential of crypto assets combined with institutional-grade risk management and compliance standards. This partnership enables us to provide clients with tools to navigate digital markets while maintaining their existing risk parameters.”

Henri Arslanian, Co-Founder of Nine Blocks Capital Management, commented, “We believe that many HNWIs and family office investors want to access crypto products through platforms that are regulated and institutional-grade. We are pleased to partner with OSL to deliver such products to the Hong Kong and Asian markets.”

About OSL Hong Kong

As a subsidiary of the publicly listed OSL Group (HKEX: 863.HK), OSL Digital Securities is Hong Kong’s first and most established SFC-licensed and insured digital asset platform. Operating since 2018, the platform provides institutional-grade digital asset services to corporations, financial institutions, professional and retail investors.

OSL Hong Kong delivers services across five core domains: OTC brokerage, Omnibus broker solutions, custody, wealth management, and retail services. The OTC brokerage services provide 24/7 high-liquidity crypto trading with fiat on/off-ramp services. Custody solutions feature client-asset segregated wallet management backed by US$1 billion insurance coverage. The wealth management suite offers crypto investments to traditional investors, including tokenised treasuries, RWAs, structured crypto products, and quant investment strategies. Retail services bring institution-grade security and crypto access to professional and retail investors.

As a pioneer in bridging traditional finance and the digital asset economy, OSL Group adheres to its core concept:  Open, Secure, and Licensed, empowering the next generation of global financial infrastructure. In addition to Hong Kong, OSL Group expands operations under full regulatory compliance in Japan, Australia, Europe and beyond.

For more information, visit osl.com.

About Nine Blocks Capital Management

Launched in 2021, Nine Blocks is an institutional-grade, market-neutral crypto hedge fund manager.

With both USD and BTC funds, market-leading returns, and over four years of track record, Nine Blocks’ mission is to build the world’s leading regulated crypto asset management firm.

With a presence in both Hong Kong and Dubai, Nine Blocks is the first and only crypto hedge fund to be regulated by Dubai’s Virtual Assets Regulatory Authority (VARA).

www.nineblockscapital.com

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SOURCE OSL

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Molicel S Series Engineered for Ultimate Safety in BBUs, Data Centers, and AI computing

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Launching in 2025, Molicel’s high-safety, ultra-power S Series is engineered to provide reliable power for Battery Backup Units, and is currently being shipped to major CSPs.The S Series delivers outstanding performance across both 18650 (including the 100W/36A INR-18650-P22S and 160W/54A INR-18650-P30S) and 21700 (featuring the up to 200W/100A INR-21700-P50S) cell formats.Engineered for safety and high discharge with low flammability, the S Series supports OCP ORV3 for data center BBUs, as well as the new high-voltage system, showcasing Molicel’s leading reliable battery solutions for data centers and AI computing.

TAIPEI, May 8, 2025 /PRNewswire/ — Molicel, a leading innovator in advanced battery technology, showcased its latest advancements at the International Battery Seminar & Exhibit 2025, introducing the groundbreaking S Series ultra-high power cells alongside its established P and X Series. The highlight of the event was the debut of the S Series, a 2025 ultra-high power cell line designed for unparalleled safety and performance.

The S Series ultra-high power cells are engineered with optimized long calendar life and low flammability, providing exceptional safety and discharge capabilities. Specifically designed for Battery Backup Units (BBUs), hyperscale data centers, and AI computing, these ultra-high power cells deliver dependable power with over 1.5 minutes of backup time and a 6-year retention period, ensuring the highest safety standards.

Through sophisticated engineering of its interface technology, incorporating an optimized design and exclusive SEI/CEI technologies, the S Series provides outstanding performance in both 18650 and 21700 cell format. The 18650 format includes the INR-18650-P22S, achieving a maximum power output of 100W and a maximum discharge current of 36A, and the INR-18650-P30S, reaching a maximum power output of 160W and a maximum discharge current of 54A, respectively. The 21700 format features the INR-21700-P50S, delivering high power output up to 200W and a maximum discharge current of 100A.

This advanced technology yields key advantages, including an ultra-low impedance of 13 mΩ, high reliability with 6 years of sustained performance and stable performance at elevated temperatures of 35-45°C for both standby and operation.

The NVIDIA GB300’s enhanced computing demands higher energy consumption, requiring advanced power management and safer battery for increased power loads. Consequently, to ensure AI computing stability, GB300 is expected to standardize BBUs in servers, driving increased BBU adoption as server power needs rise. The BBU for OCP (Open Compute Project) Open Rack Standards supports OCP ORV3’s 48V-54V power system for BBU, providing a stable power supply for high-performance servers. OCP has now migrated to a third-generation standard that refines high voltage standards designed for AI data centers.

In data centers, safety is paramount. To achieve this, it’s crucial to control the flammability of battery cells, ensuring overall battery pack safety. Molicel’s research and development of high-safety cells focuses on shaping thermal behavior, a key aspect of our S series future roadmap. Molicel is actively exploring thermal behavior and flame mechanisms through both active control and passive suppression. By utilizing high thermal stability separators, Molicel has successfully modified gas release behavior, making our cells the safest choice for data centers and generative AI computing, surpassing competitors in performance.

“The S Series, with an unwavering focus on safety, advances battery technology with superior performance for critical applications like BBUs and data centers. Our ultra-high power cells, available in 18650 and 21700 formats, are engineered to achieve not only high reliability and stable performance, but also the utmost safety assurance. Shipments to major CSPs underscore our leadership in both innovation and safety.” said Casey Shiue, President of Molicel.

Molicel remains steadfast in its commitment to continuous research and development. This ongoing dedication aims to further enhance battery performance, safety, and sustainability, ultimately delivering cutting-edge ultra-high power cells to meet the evolving demands of this rapidly growing application.

About MOLICEL

E-One Moli Energy Corporation, established in 1998, is a world class manufacturer of high performance, superior quality rechargeable lithium-ion cells and battery pack products. The company provides power optimized cylindrical cells by the brand MOLICEL.

With over 40 years’ rechargeable lithium-ion knowhow and innovative technology research and development, MOLICEL is famous for its excellent power density product which both presents high discharge and fast charge capability, balanced with good energy density. The company has been recognized as the first choice for world leading manufacturers in applications such as sports car/motorcycle, EVTOL, aerospace and heavy-duty tools.

MOLICEL belongs to the energy business of TCC Group Holdings. TCC Group Holdings is the first listing company in Taiwan stock market. The group has business units in the field of power plant, renewable energy and BESS.

 

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SOURCE Molicel

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Shoplazza and Easyship Partner to Simplify Shipping for Global eCommerce Merchants

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TORONTO, May 8, 2025 /PRNewswire/ — Shoplazza, a leading eCommerce SaaS platform, has announced a strategic partnership with Easyship, a global shipping technology company, to enhance logistics and strengthen fulfillment capabilities for merchants worldwide.

This integration brings Easyship’s powerful automation, 550+ courier connections, and discounted shipping rates of up to 91% directly into the Shoplazza platform, giving merchants a faster, more affordable way to fulfill orders and scale globally. By embedding Easyship’s tools natively, Shoplazza merchants will soon be able to generate real-time, all-inclusive shipping quotes at checkout—including duties, taxes, and all delivery costs—streamlining cross-border commerce and helping reduce cart abandonment.

Empowering Merchants With a Seamless Fulfillment Engine

“Shipping is one of the biggest hurdles for eCommerce sellers,” said Jeff Li, Shoplazza CEO. “This partnership brings a powerful, scalable logistics engine directly into our platform, allowing merchants to streamline fulfillment and focus on growing their business. We’re pleased that Shoplazza shipping is now powered by Easyship.”

Whether shipping a handful of packages or managing high-volume international operations, merchants will benefit from discounted label rates from top carriers, including UPS, FedEx, DHL Express, and USPS. Built-in courier optimization will help merchants select the best shipping option based on destination, delivery time, and cost.

To further support operational efficiency, advanced reporting and analytics tools will allow merchants to track shipping performance, identify trends, and continuously optimize their logistics strategies.

Delivering Scalable Shipping Solutions to Growing Brands

Founded in 2014 and headquartered in New York, Easyship has become one of the world’s most trusted shipping software providers, offering advanced global logistics technology to more than 100,000 brands and merchants worldwide.

Its platform, available as an App or via API, streamlines every stage of the shipping journey—from printing labels and syncing orders to managing returns, comparing courier rates, and automating fulfillment workflows—all within a single dashboard.

With the new integration, these capabilities will be natively embedded within the Shoplazza ecosystem. Merchants will be able to tap into hybrid fulfillment services and a global delivery network tailored to virtually every destination. All-inclusive, real-time shipping quotes—covering duties, taxes, and delivery costs—will also be available at checkout, helping reduce cart abandonment and improve customer satisfaction.

Advancing a Unified Cross-Border Ecosystem

This collaboration reflects Shoplazza’s broader commitment to building an open, flexible eCommerce ecosystem. By integrating robust shipping technology directly into its platform, Shoplazza is helping merchants streamline operations and deliver seamless, reliable experiences to their customers.

“Together with Shoplazza, we’re making shipping easier, smarter, and more affordable for merchants everywhere,” said Tommaso Tamburnotti, Co-Founder of Easyship. “We’re proud to support brands as they scale and expand into new opportunities. Offering them all the shipping tools they need to succeed.”

The integration is currently underway and will soon be available to Shoplazza merchants. Once launched, it will deliver a fully integrated, end-to-end shipping solution designed to support long-term growth.

About Shoplazza

Founded in 2017, Shoplazza strives to simplify how retailers and online sellers connect with consumers. Today, Shoplazza leads the industry with its robust omnichannel platform, empowering retailers to reach customers wherever they shop—whether in-store, online, or through social commerce.

To learn more about Shoplazza, visit https://www.shoplazza.com/.

About Easyship

Easyship is a leading all-in-one shipping platform that empowers businesses of all sizes to simplify their fulfillment operations, save on shipping costs, and enhance their customer delivery experience. Trusted by tens of thousands of merchants worldwide, Easyship provides instant access to more than 550 courier services, offering exclusive discounted rates of up to 91% off retail. Our integrated shipping software also offers cross-border fulfillment, logistics, and shipping automation technologies to scale growth and save hours daily. Leverage our App or API to streamline eCommerce shipping with a suite of helpful tools to compare carriers, print labels, track shipments, calculate international tax and duties, and increase conversions with calculated shipping rates at checkout.

For more information, visit: https://www.easyship.com/.

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SOURCE Shoplazza

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