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Co-Diagnostics Announces $3.0 Million Private Placement Priced At-The-Market Under Nasdaq Rules

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4 months ago

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SALT LAKE CITY, May 19, 2026 /PRNewswire/ — Co-Diagnostics, Inc. (Nasdaq: CODX) (“Co-Dx”, or the “Company”), a molecular diagnostics company with a unique, patented platform for the development of molecular diagnostic tests, today announced that it has entered into a securities purchase agreement with certain institutional investors to sell an aggregate of 1,647,447 shares of common stock (or pre-funded warrants in-lieu thereof), together with warrants to purchase up to an aggregate 3,294,894 shares of common stock, in a private placement priced at-the-market under Nasdaq rules (the “Offering”). The combined effective offering price for each share of common stock (or pre-funded warrant in-lieu thereof) and accompanying warrants to be issued is $1.821. The warrants will have an exercise price of $1.571 per share, will be exercisable immediately upon issuance, and will expire five years from the date of issuance.

The gross proceeds to the Company from the Offering are estimated to be approximately $3.0 million before deducting the placement agent’s fees and other estimated Offering expenses. The Offering is expected to close on or about May 21, 2026, subject to the satisfaction of customary closing conditions.

Maxim Group LLC is acting as the sole placement agent in connection with the Offering.

The offer and sale of the foregoing securities are being made in a private placement under Section 4(a)(2) of the Securities Act of 1933, as amended (the “Securities Act”), and/or Regulation D promulgated thereunder, and the securities have not been registered under the Securities Act or applicable state securities laws. Accordingly, the securities may not be reoffered or resold in the United States except pursuant to an effective registration statement or an applicable exemption from the registration requirements of the Securities Act and such applicable state securities laws. The Company has agreed to file a registration statement with the Securities and Exchange Commission registering the resale of the securities purchased in the private placement.

This press release does not constitute an offer to sell or the solicitation of an offer to buy the securities, nor shall there be any sale of the securities in any state in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of such state. Any offering of the securities under the resale registration statement will only be made by means of a prospectus.

About Co-Diagnostics, Inc.

Co-Diagnostics, Inc., a Utah corporation, is a molecular diagnostics company that develops, manufactures and markets state-of-the-art diagnostics technologies. The Company’s technologies are utilized for tests that are designed to detect and/or analyze nucleic acid molecules (DNA or RNA). The Company also uses its proprietary technology to design specific tests for its Co-Dx PCR at-home and point-of-care platform (subject to regulatory review and not currently for sale) and to identify genetic markers for use in applications other than infectious disease.

Forward-Looking Statement

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include, but are not limited to, statements regarding the completion and timing of the Offering, the anticipated gross proceeds from the Offering, the intended use of proceeds, the filing of a resale registration statement, and other statements that are not historical facts. Forward-looking statements may be identified by words such as “anticipate,” “believe,” “expect,” “intend,” “plan,” “potential,” “will,” “would,” “could,” “should,” “continue,” and similar expressions. These forward-looking statements are based on the Company’s current expectations and assumptions and are subject to a number of risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. These risks and uncertainties include, without limitation, risks and uncertainties related to satisfaction of customary closing conditions related to the Offering, market and other conditions, the timing and ability of the Company to file and have declared effective a resale registration statement, and other risks described from time to time in the Company’s filings with the Securities and Exchange Commission (“SEC”), including the Company’s Annual Report on Form 10-K and Quarterly Reports on Form 10-Q filed with the SEC. The forward-looking statements contained in this press release speak only as of the date hereof, and the Company undertakes no obligation to update or revise any forward-looking statements contained in this press release, except as required by applicable law.

 

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SOURCE Co-Diagnostics

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Stand8 Expands Nearshore Operations for 24×7 Enterprise IT Support

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35 minutes ago

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September 25, 2026

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Mexico-based delivery teams give large enterprises U.S.-aligned coverage, multilingual support, and scalable service operations

LOS ANGELES, Sept. 25, 2026 /PRNewswire/ — Stand8, a global technology consulting and services leader, today announced the expansion of its nearshore operations in Mexico to support large enterprise clients with 24×7 Service Desk, Network Operations Center, and technology operations services. The model combines specialized bilingual professionals with Stand8’s people-first, white-glove approach and integrates into clients’ existing platforms, service levels, and governance models.

Enterprises need dependable coverage across time zones, consistent service experiences, and the flexibility to scale when business demand changes. Stand8’s nearshore model extends internal teams with professionals aligned to U.S. operating hours and able to support global schedules as needed. The result is greater responsiveness, less pressure on onshore teams, and more predictable service delivery without sacrificing visibility or control.

“Enterprise support should feel seamless to end users and dependable to the leaders accountable for it,” said Bryce Prunty, Executive Vice President at Stand8. “Our Mexico operation gives clients access to specialized people and continuous coverage aligned to their business, with the governance, transparency, and high-touch service needed to operate at scale.”

Enterprise Nearshore Support Built to Scale

24×7 Service Desk and NOC coverage aligned to U.S. and global operating hoursDirect integration with enterprise platforms and client-specific tools, workflows, and reportingEscalation coordination and service delivery aligned to client SLAs and governanceScalable teams that can expand with volume, geography, or new operational needs

Stand8 is already applying the expanded Mexico operation in complex enterprise environments. Current engagements include 24×7 multilingual Service Desk support for leading global media and entertainment organizations and 24×7 NOC managed services for a global communications infrastructure provider. In each case, Stand8 teams work within established client workflows, tools, escalation paths, and operating requirements.

Clients can add adjacent capabilities as their needs evolve while maintaining a consistent delivery relationship.

About Stand8

Stand8 is a global technology consulting and services leader that helps businesses transform and scale through tailored IT solutions. With a 99% client retention rate and more than 15 years of results, Stand8 integrates seamlessly into client operations while delivering secure, compliant, and personalized technology services.

For more information, visit stand8.io.

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SOURCE Stand 8

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LUG Sports Group Named One of Canada’s Top Growing Companies for Second Consecutive Year

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35 minutes ago

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September 25, 2026

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TORONTO, Sept. 25, 2026 /CNW/ — LUG Sports Group Inc. (“LUG”), one of North America’s largest recreational sports leagues, announced today that it has ranked No. 146 out of 375 companies on the 2026 Report on Business magazine’s list of Canada’s Top Growing Companies. This marks LUG’s second straight year on the list. LUG also was ranked No. 5 on the Arts, Entertainment, and Recreation list.

Canada’s Top Growing Companies ranks Canadian businesses on three-year revenue growth. LUG earned its spot with a 174% growth rate over the past three years and a 239% growth rate over five years.

LUG reimagines recreational sports for college students and young adults, running leagues in hockey, women’s hockey, flag football, softball, soccer, lacrosse and pickleball. Every league is built around pro-level energy, standout content, and a community that extends well beyond game day. With more than 150,000 players all time across 85+ cities, LUG is North America’s go-to destination for adult and college social sports leagues.

“Making this list once was a milestone. Making it two years in a row is validation in the consistency of what we are trying to create,” said Ethan Wright and Ray Abramson, Presidents and Co-Founders of LUG Sports. “For more than a decade, we’ve grown LUG across college campuses and cities with one goal: give every player a premium, social sports experience that makes the average joe feel like a pro. This recognition belongs to our players, our community, and our HQ team that keeps raising the bar.”

With an expanded head office team and scalable infrastructure in place, LUG is well positioned to continue driving their brand in the fragmented adult sports market. As AI becomes increasingly embedded in everyday life, the value of real-world experiences, genuine connection, and community will only grow. LUG creates that “third space” for Millennials and Gen Z today, with Gen Alpha not far behind, positioning the brand to lead the next generation of social sports.

About LUG Sports Group

LUG Sports Group Inc. is one of North America’s largest recreational sports leagues, with more than 25,000 active players across 85+ cities. LUG builds sports programs for college students, with active leagues at 100+ campuses, before transitioning players into adult programming.

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SOURCE LUG sports Group Inc

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AI Apps and Agents Are Taking Off. Gen Can Help People Understand What Happens to Their Data.

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35 minutes ago

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September 25, 2026

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Gen data shows nearly 1/3 of people use AI apps and agents, as the company expands its Agent Trust Hub with the new AI Data Checker

MOUNTAIN VIEW, Calif., Sept. 25, 2026 /PRNewswire/ — AI is moving beyond answering questions. Increasingly, people are asking AI to act on their behalf, from researching purchases and planning trips to managing everyday tasks and handling their finances. New telemetry from Gen (NASDAQ: GEN) shows just how quickly that shift is happening, with nearly one in three desktop users now interacting with agentic AI services.

Today, Gen is responding to that shift with the beta launch of AI Data Checker, developed by the Gen AI Foundry, the company’s hub for emerging AI innovation. The latest tool from its Agent Trust Hub, AI Data Checker is designed to make it easier for people to understand how popular AI apps and agents handle their data. 

As AI becomes more capable, people are also being asked to place more trust in it. Agents are increasingly accessing personal information, preferences, browsing activity, or other data to complete tasks. Yet it is not always easy for people to understand what information an AI service collects, how that information may be used, or what choices they have.

Gen created the Agent Trust Hub (ATH) to close that gap, giving people greater visibility, understanding and control as they use AI assistants and agents. Since launching in February, the ATH has expanded to include VPN for Agents, the industry’s first AI-native VPN purpose-built for autonomous agents, and Sage, the first consumer agentic security layer available through Norton AI Agent Protection in Norton 360.

With AI Data Checker, Gen is expanding that work from protecting how agents operate to helping people better understand the data relationship behind the AI tools they use.

Making AI privacy easier to understand
The AI Data Checker brings information about AI data practices into one place, helping people explore what different AI services may collect and how their information may be used.

People can simply enter their email or username, and the AI Data Checker will provide a list of connected AI apps and services the person uses. The tool also scans for non-AI accounts where you may have connected and potentially shared personal information. From there, people can see what information or data the service collects, whether information may be used to improve or train AI models, how long information may be retained, and what privacy controls are available.

Rather than expecting people to read lengthy privacy policies or become experts in AI data practices, the AI Data Checker is intended to give them a clearer starting point.

“AI is becoming much more personal because we’re asking it to do more for us,” said Howie Xu, Chief AI & Innovation Officer at Gen. “That can be incredibly useful, but people should understand what they’re giving an AI access to in return. The AI Data Checker is about making that easier to see, so people can make choices about the AI tools they use with more confidence.”

From understanding AI to protecting people using it
Visibility is just one part of building trust in AI, but it needs to go hand-in-hand with protection. Gen’s family of brands already offer a number of products that protect against AI scams and the dangers of agentic AI, including Norton Genie Scam Detector, Norton AI Agent Protection, Deepfake Detection in the Norton and Avast brands, and other products and features. That protection is expanding as people look for AI assistants they can trust with more of their digital lives. The new Norton Family Assistant, for example, is a private AI assistant, supported by Norton technology, that can handle tasks with your permission and manage your digital life.

Gen also offers those who are interested to sign up for early access to upcoming products and services designed to address some of the emerging concerns as people increasingly rely on AI assistants and agents.

The AI Data Checker is available now at https://ai.gendigital.com/ where you can also sign up for early access to Gen’s tools designed to help people live fearlessly in the AI world. 

About Gen
Gen (NASDAQ: GEN) is a global company dedicated to powering Digital Freedom through its trusted consumer brands including Norton, Avast, LifeLock, MoneyLion and more. The Gen family of consumer brands is rooted in providing financial empowerment and cyber safety for the first digital generations. Today, Gen empowers people to live their digital lives safely, privately and confidently for generations to come. Gen brings award-winning products and services in cybersecurity, online privacy, identity protection and financial wellness to millions of people in more than 150 countries. Learn more at GenDigital.com.

About Gen AI Foundry
Rooted in Gen’s commitment to safety and transparency, the Gen AI Foundry is the engine behind its most recent AI innovations, from AI-powered security experiences to autonomous financial helpers and identity agents. It also serves as the place where core trust infrastructure is developed and operationalized, including the Agent Trust Hub, extending protection across the agent lifecycle from verification to execution. Here, Gen’s AI strategy becomes real through visible ventures, prototypes, working products, partnerships and an open ecosystem designed to shape and secure the AI era with and for both people and agents. 

Media Contact
Brittany Posey
Gen
Press@GenDigital.com

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SOURCE Gen Digital Inc.

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