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Truelink Capital Closes Oversubscribed Inaugural Fund

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LOS ANGELES, July 9, 2024 /PRNewswire/ — Truelink Capital Management, LLC (“Truelink” or the “Firm”), a Los Angeles-based middle market private equity firm, is pleased to announce the final close of its first fund, Truelink Capital I, L.P. (the “Fund”). The Fund closed with aggregate third-party LP commitments of $875 million, exceeding its target of $600 million and its original hard cap of $750 million.  Truelink’s General Partner and related parties also invested heavily in the Fund.  The Fund received strong support from a diverse group of global investors including pension plans, foundations, insurance companies, financial institutions, family offices and consultants.

Founded by Todd Golditch and Luke Myers, formerly of Platinum Equity, Truelink has brought their well-established, operationally-intensive strategy to the middle market. Truelink pairs deep industry experience in the Technology-Enabled Services and Industrials sectors with a commitment to building partnerships that drive long-term value creation.

“This is an exciting milestone for Truelink, and we are thrilled with the support of our limited partners,” said Todd Golditch and Luke Myers, Co-Founders of Truelink. “The strong LP demand, we believe, is a testament to our team and the strategy, demonstrating deep sector experience and value-orientation with a well-established process of driving operational improvements and executing strategic M&A.  We wish to thank our world-class limited partners for their commitments and trust in us.” 

To date, Truelink has completed four platform investments and has executed an agreement to acquire a fifth platform:

Trulite (closed), a fabricator of architectural glass and architectural aluminum systems used in commercial applicationsRichardson Sales Performance (closed), an education technology provider in sales training and performance improvementFlipp (closed), a marketing technology platform enabling digital merchandising and feature price promotionsAnsira (closed), a marketing services company with proprietary channel, website and advertising technology platformsAir Distribution Technologies (signed), a manufacturer of HVAC-related air management products and filtration solutions, to be acquired from Johnson Controls

In addition, Truelink has completed four strategic and complementary add-on acquisitions to date for its portfolio companies.   

William Blair & Company served as exclusive placement agent and lead financial advisor for the fundraise, and Kirkland & Ellis acted as legal advisor.

About Truelink Capital Management, LLC
Truelink is a middle market private equity firm based in Los Angeles. Truelink pairs deep industry experience in the Technology-Enabled Services and Industrials sectors with a commitment to building partnerships that drive long-term value creation through an operationally focused strategy. Truelink partners with management, corporate sellers and founders to accelerate growth through the execution of operational improvements, strategic initiatives and transformative add-on acquisitions.

Media Contact
Truelink Capital
Peter Schultz
pschultz@truelinkcap.com

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SOURCE Truelink Capital

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Olaris and Labcorp Announce Commercial Collaboration to Expand Access to myOLARIS®- KTdx for Kidney Transplant Recipients

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Collaboration leverages Olaris’ scientific leadership in transplant diagnostics and Labcorp’s scientific expertise and national scale to advance post-transplant monitoring.

FRAMINGHAM, Mass., June 22, 2026 /PRNewswire-PRWeb/ — Olaris, Inc., a precision diagnostics company integrating metabolomics, machine learning and biology to build and power diagnostics that reveal what is happening in disease, today announced a commercial collaboration with Labcorp, a global leader of innovative and comprehensive laboratory services, to support the commercialization and broad clinical access of myOLARIS®-KTdx (KTdx). KTdx is a first-of-its-kind, non-invasive, urine-based laboratory developed test for the surveillance of kidney graft injury, including borderline rejection, subclinical and clinical rejection and polyomavirus associated nephropathy (PVAN), intended to help inform clinical management decisions throughout the continuum of post-transplant care.

“As Labcorp builds on its capabilities in transplant diagnostics, we’re proud to work with Olaris to help bring solutions like KTdx to more patients and providers nationwide.” Marcia Eisenberg, Ph.D., CSO at Labcorp.

Through this collaboration, KTdx will become more directly integrated into clinical workflows across the United States, combining Olaris’ scientific and clinical innovation in novel transplant diagnostics with Labcorp’s deep scientific capabilities, commercialization expertise, national infrastructure and clinical reach.

“Collaborating with Labcorp is a major milestone for Olaris and for KTdx,” said Dr. Elizabeth O’Day, Founder and CEO of Olaris. “By pairing our science with Labcorp’s scale and infrastructure, we can leapfrog traditional barriers to access and deliver our technology to those who need it faster than ever before. Just as importantly, this collaboration expands what’s possible, allowing us to accelerate innovation and bring a broader pipeline of products across multiple indications to the transplant community.”

Expanding Access and Simplifying Care

Under the collaboration, Labcorp will support commercial access to KTdx by enabling streamlined test ordering and broad patient access. Once launched, physicians will be able to order KTdx through their current Labcorp portal used for any other type of test. Further, patients will have access to testing through Labcorp’s nationwide network of more than 2,200 patient service centers, reducing the need to travel and improving convenience and quality of life.

“Approximately one in ten kidney transplant patients experience rejection in the first year, reinforcing the importance of dependable, accessible monitoring,” said Marcia Eisenberg, Ph.D., chief scientific officer at Labcorp. “As Labcorp builds on its capabilities in transplant diagnostics, we’re proud to work with Olaris to help bring solutions like KTdx to more patients and providers nationwide.”

Commitment to the Transplant Community

The collaboration reflects a shared commitment to meaningful, ongoing engagement with the transplant community, including transplant physicians, care teams, transplant recipients, and caregivers. Together, Olaris and Labcorp also intend to explore opportunities to collaborate on ways to elevate understanding of post-transplant monitoring and real-world care needs. The organizations aim to advance evidence-based care and improve long-term outcomes for people living with a kidney transplant.

KTdx is expected to be available through Labcorp later this year, and it will be performed by Olaris at its CLIA-certified laboratory.

About Olaris

Olaris, Inc. is a precision diagnostics company built on the integration of metabolomics, machine learning, and biology. Its first commercial product, myOLARIS®-KTdx, is a first-of-its-kind, non-invasive urine-based assay designed to support surveillance of kidney graft injury in transplant recipients. To learn more, visit https://myolaris.com.

Media Contact

Tom Burke, Olaris, Inc, 1 6179814784, info@myolaris.com, www.myolaris.com

View original content:https://www.prweb.com/releases/olaris-and-labcorp-announce-commercial-collaboration-to-expand-access-to-myolaris–ktdx-for-kidney-transplant-recipients-302806244.html

SOURCE Olaris, Inc

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The New Preferred Smart Hybrid E9 Premium Launches in Hong Kong, Crowning a New King of Luxury MPV

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HONG KONG, June 22, 2026 /PRNewswire/ — On June 20, GAC unveiled the right-hand-drive flagship MPV, E9 Premium, at the Hong Kong Auto Expo. Priced at HK$569,000 (early-bird) and limited to 100 units, it is Hong Kong’s first right-hand-drive plug-in hybrid luxury MPV. Running on electricity, hybrid, or petrol, it eliminates range anxiety and elevates luxury—precisely meeting family and business needs to claim its title as the new “King of Hong Kong’s Luxury Cars.”

Since its debut, the E9 has led the new energy PHEV segment. The upgraded model is deeply adapted to Hong Kong’s roads and habits. Its “Lion-like” front facia grille 2.0 features ten chrome bars evoking a lion’s mane, complemented by new colors: Bladed White, Obsidian Black, and the luxurious new Jade Grey exterior. Inside, three cabin themes unite with Swan Wing cockpit and versatile aviation Seat, making every entry feels like a ceremony.

Comfort reaches a new level. Front seats gain a 6-point massage and electric leg rests, while second-row dual zero-gravity SPA seats offer 16-point massage and dual-speaker headrests—one touch for ultimate relaxation. A 540° sound insulation package with 140 damping components and 270° double-layer acoustic glass creates library-level quietness. SDC electromagnetic suspension absorbs road shocks, ensuring poise on narrow Hong Kong streets or cross-border highways.

The smart plug-in hybrid erases range anxiety, making it the preferred choice for Hong Kong–mainland commutes and getaways. The cabin features a 14.6-inch central screen and 15.6-inch electric roof screen, forming a five-display smart space. A Snapdragon 8155P chip powers ADiGO 6.0 with four-zone voice control, Spotify, and 3D navigation. Standard L2 intelligent driving and advanced smart parking handle complex urban terrain with ease.

Safety runs deep in GAC’s core. The cage body uses 81.7% high-strength steel. GAC’s magazine battery exceeds national standards to ensure no fire or explosion, while 360° airbags and a segment-exclusive rear window airbag build an all-round mobile fortress.

By redefining the luxury car with a new preferred smart hybrid solution, the E9 Premium ushers in a new era for Hong Kong’s new energy flagship MPV—as its undisputed king.

For further information about GAC, please visit: https://www.gacgroup.com/en or follow us on social media.

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SOURCE GAC

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Hyperscale Data to Host Conference Call to Discuss Positive Michigan AI Data Center Developments and Montana Expansion Opportunities and Long-Term Growth Strategy

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Conference Call to Review Approximately 590 MW of Data Center Development Potential and Discuss Future Role of Up to 750 MW of Small Modular Nuclear Reactor Capacity in Montana 

LAS VEGAS, June 22, 2026 /PRNewswire/ — Hyperscale Data, Inc. (NYSE American: GPUS), an artificial intelligence (“AI”) data center company anchored by Bitcoin (“Hyperscale Data” or the “Company”), today announced that Executive Chairman Milton “Todd” Ault III and Chief Executive Officer William Horne will host a conference call for stockholders and interested parties on Wednesday, June 24, 2026, at 2:30 PM PT.

The conference call will provide an update on recent developments at the Company’s Michigan AI data center campus and planned Montana operations, along with management’s long-term strategy for expanding its infrastructure platform.

Management plans to discuss progress at the Company’s Michigan AI campus, which is being developed with a long-term target of up to 340 megawatts (“MW”) of power capacity. The Company also expects to provide an update on its Montana operations, where recent utility-related developments have created a potential path to up to 125 MW of capacity at each of its two Montana locations, representing an additional 250 MW of future development potential. The potential power increase would be incremental over time, subject to regulatory approvals, financing, infrastructure availability, engineering studies, utility agreements and other factors.

To that end, management will also discuss the potential role that Small Modular Reactors (“SMR”), a next-generation nuclear power technology, may play in the Company’s future Montana development plans. As demand for AI computing continues to accelerate, the Company believes that access to scalable, reliable and cost-effective power solutions will be a critical differentiator, and management looks forward to sharing the Company’s views on how SMR nuclear technology could support Hyperscale Data’s long-term growth strategy.

Together, these opportunities represent a long-term vision of up to approximately 590 MW across the Company’s Michigan and Montana assets, positioning Hyperscale Data to help meet growing demand for artificial intelligence, high-performance computing and next-generation digital infrastructure.

Conference call topics are expected to include the following;

Recent developments involving the Michigan AI data center campus;Long-term plans relating to the potential development of up to 340 MW in Michigan;Montana expansion opportunities and future development initiatives associated with the Company’s two Montana locations, including the potential use of SMR’s;Power infrastructure development and utility-related initiatives;Market demand trends for artificial intelligence, cloud computing and high-performance computing infrastructure;Robotics and embodied AI initiatives associated with the Michigan campus;The Company’s Bitcoin treasury strategy and broader infrastructure initiatives; andA question-and-answer session with management.

“The future of AI belongs to those who can secure the power needed to support it,” said Milton “Todd” Ault III, Executive Chairman of Hyperscale Data. “On this conference call, we will discuss the significant recent developments at our Michigan AI data center campus, the new expansion opportunities emerging at our Montana locations, and our long-term vision for supporting next-generation AI infrastructure.”

Will Horne, Chief Executive Officer of Hyperscale Data, added, “Our management team is excited to provide stockholders with greater insight into the opportunities across our infrastructure portfolio. We remain focused on executing our strategy, advancing development initiatives and positioning the Company to capitalize on increasing demand for AI-related infrastructure and power resources.”

The Company cautions you that these expansion concepts remain preliminary and subject to numerous risks and uncertainties, and there can be no assurance that any expansion capacity will ultimately be available, developed, financed, approved, economically viable or otherwise initiated or continued.

Stockholders and other interested parties are encouraged to register for the webcast at this link https://us06web.zoom.us/webinar/register/WN_12LNAeAqSBu2qYbtp_OBxg.

For more information on Hyperscale Data and its subsidiaries, Hyperscale Data recommends that stockholders, investors and any other interested parties read Hyperscale Data’s public filings and press releases available under the Investor Relations section at hyperscaledata.com or available at www.sec.gov.

About Hyperscale Data, Inc.

Through its wholly owned subsidiary Sentinum, Inc., Hyperscale Data owns and operates a data center at which it mines digital assets and offers colocation and hosting services for the emerging AI ecosystems and other industries. Hyperscale Data’s other wholly owned subsidiary, Ault Capital Group, Inc. (“ACG”), is a diversified holding company pursuing growth by acquiring undervalued businesses and disruptive technologies with a global impact.

Hyperscale Data currently expects the divestiture of ACG (the “Divestiture”) to occur in the second quarter of 2027. Upon the occurrence of the Divestiture, the Company would be an owner and operator of data centers to support high-performance computing services, as well as a holder of the digital assets. Until the Divestiture occurs, the Company will continue to provide, through ACG and its wholly and majority-owned subsidiaries and strategic investments, mission-critical products that support a diverse range of industries, including an AI software platform, equipment rental services, defense/aerospace, industrial, automotive and hotel operations. In addition, ACG is actively engaged in private credit and structured finance through Ault Lending, LLC, a licensed lending subsidiary. Hyperscale Data’s headquarters are located at 11411 Southern Highlands Parkway, Suite 190, Las Vegas, NV 89141.

On December 23, 2024, the Company issued one million (1,000,000) shares of a newly designated Series F Exchangeable Preferred Stock (the “Series F Preferred Stock”) to all common stockholders and holders of the Series C Preferred Stock on an as-converted basis. The Divestiture will occur through the voluntary exchange of the Series F Preferred Stock for shares of Class A Common Stock and Class B Common Stock of ACG (collectively, the “ACG Shares”). The Company reminds its stockholders that only those holders of the Series F Preferred Stock who agree to surrender such shares, and do not properly withdraw such surrender, in the exchange offer through which the Divestiture will occur, will be entitled to receive the ACG Shares and consequently be shareholders of ACG upon the occurrence of the Divestiture.

Forward-Looking Statements

This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements generally include statements that are predictive in nature and depend upon or refer to future events or conditions, and include words such as “believes,” “plans,” “anticipates,” “projects,” “estimates,” “expects,” “intends,” “strategy,” “future,” “opportunity,” “may,” “will,” “should,” “could,” “potential,” or similar expressions. Statements that are not historical facts are forward-looking statements. Forward-looking statements are based on current beliefs and assumptions that are subject to risks and uncertainties.

Forward-looking statements speak only as of the date they are made, and the Company undertakes no obligation to update any of them publicly in light of new information or future events. Actual results could differ materially from those contained in any forward-looking statement as a result of various factors. More information, including potential risk factors, that could affect the Company’s business and financial results are included in the Company’s filings with the U.S. Securities and Exchange Commission, including, but not limited to, the Company’s Forms 10-K, 10-Q and 8-K. All filings are available at www.sec.gov and on the Company’s website at hyperscaledata.com.

 

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SOURCE Hyperscale Data Inc.

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