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Lucid Adds New Leaders Across Commercial, Finance, and Marketing

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New hires to strengthen execution, financial discipline, and customer focus

NEWARK, Calif., Aug. 28, 2026 /PRNewswire/ — Lucid Group, Inc. (NASDAQ: LCID), maker of the world’s most advanced software-defined vehicles and technologies, today announced three leadership appointments designed to strengthen commercial execution, financial discipline, and customer engagement. Shawn Mirabal has joined as President of North America Commercial, Mike Molino as Vice President of Finance, and Angela Zepeda as Vice President, Global Marketing.

“We continue to strengthen our leadership team with executives who bring deep experience and a proven track record of execution,” said Silvio Napoli, CEO at Lucid. “Shawn, Mike, and Angela are proven leaders who will each directly support our three business fundamentals: cash and cost, customer and quality, and culture and team. Their leadership will help us deliver more consistent results for our customers, shareholders, and employees.”

Mirabal brings more than 27 years of manufacturing and retail automotive experience to Lucid, having previously held national and regional leadership roles at Nissan North America, FCA/Stellantis, American Honda, Berkshire Hathaway Automotive Group, and most recently was the COO of #1 Cochran Automotive Group. His experience leading organizational transformations and aligning manufacturing priorities with frontline retail execution will support Lucid’s focus on improving commercial execution and the customer experience across North America.

Molino brings more than two decades of finance leadership experience across the automotive industry and most recently served as CFO and COO, Head of Finance and Operations at Mercedes-Benz Research and Development North America. As Lucid continues to focus on execution, efficiency, and value creation, he will work closely with leaders across the company to strengthen financial discipline, improve transparency and accountability, and better connect operational execution with financial performance.

Zepeda joins Lucid with more than 25 years of experience leading global brands through transformation, most recently serving as Global Head of Marketing at xAI after five years as CMO at Hyundai Motor America. Her experience refining operating models, strengthening cross-functional alignment, and integrating marketing with product, sales, and communications to better align the end-to-end customer journey will support Lucid’s efforts to strengthen customer engagement, brand awareness, and commercial momentum.

In their new roles, Mirabal and Zepeda will report to Billy Hayes, Chief Customer Officer, and Molino will report to Alexander De Bock, CFO. These appointments reflect Lucid’s continued focus on building the leadership capabilities needed to improve execution, strengthen accountability, and better service customers as the company advances its next phase.

About Lucid Group
Lucid Group, Inc. (NASDAQ: LCID) is a technology company creating exceptional mobility experiences through innovation to drive the world forward. Built on Lucid’s proprietary technology and software defined vehicle architectures, the company’s lineup of award-winning vehicles brings Lucid’s “Compromise Nothing™” approach to premium segments of the global automotive market. Lucid designs and engineers its products in-house and manufactures at its vertically integrated facilities in Arizona and Saudi Arabia, enabling continuous innovation across vehicles, software, and advanced driver assistance and autonomy-ready capabilities.

Forward-Looking Statements
This communication includes “forward-looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as “estimate,” “plan,” “project,” “forecast,” “intend,” “will,” “shall,” “expect,” “anticipate,” “believe,” “seek,” “target,” “continue,” “could,” “may,” “might,” “possible,” “potential,” “predict” or other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include, but are not limited to, statements regarding the expected contributions of Lucid’s newly appointed leaders, Lucid’s efforts to strengthen execution, improve cost efficiency, enhance the customer experience, accelerate commercial performance, increase brand awareness, and support the Company’s future growth and strategic priorities. These statements are based on various assumptions, whether or not identified in this communication, and on the current expectations of Lucid’s management. These forward-looking statements are not intended to serve as, and must not be relied on by any investor as, a guarantee, an assurance, or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and may differ from these forward-looking statements. Many actual events and circumstances are beyond the control of Lucid. These forward-looking statements are subject to a number of risks and uncertainties, including those factors discussed under the cautionary language and the Risk Factors in our Annual Report on Form 10-K for the year ended December 31, 2025, subsequent Quarterly Reports on Form 10-Qs, Current Reports on Form 8-K, and other documents Lucid has filed or will file with the Securities and Exchange Commission. If any of these risks materialize or Lucid’s assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. There may be additional risks that Lucid currently does not know or that Lucid currently believes are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. In addition, forward-looking statements reflect Lucid’s expectations, plans or forecasts of future events and views as of the date of this communication. Lucid anticipates that subsequent events and developments will cause Lucid’s assessments to change. However, while Lucid may elect to update these forward-looking statements at some point in the future, Lucid specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing Lucid’s assessments as of any date subsequent to the date of this communication. Accordingly, undue reliance should not be placed upon the forward-looking statements.

Media Contact
media@lucidmotors.com

Investor Relations Contact
investor@lucidmotors.com
Sign up for investor email alerts: https://ir.lucidmotors.com/ir-resources/email-alerts

Trademarks
This communication contains trademarks, service marks, trade names and copyrights of Lucid Group, Inc. and its subsidiaries and other companies, which are the property of their respective owners.

 

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SOURCE Lucid Group

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DR. PHONE FIX ANNOUNCES FURTHER EXTENSION OF NON-BROKERED CONVERTIBLE DEBENTURE UNIT FINANCING

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/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/

EDMONTON, AB, Aug. 28, 2026 /CNW/ — Dr. Phone Fix Canada Corporation (“Dr. Phone Fix” or the “Company”) (TSXV: DPF) announces that it has received approval from the TSX Venture Exchange (the “TSXV”) to further extend the deadline of its previously announced non-brokered private placement (the “Offering”) of convertible debenture units (“Units”) of the Company for gross proceeds of up to $2,500,000, as described in its news release dated May 19, 2026 (the “Prior News Release”) to September 30, 2026. The Company has closed the first and second tranches of the Offering, for aggregate gross proceeds of $1,608,000, on June 24, 2026, and July 18, 2026, respectively. The Company previously requested, and the TSXV granted, an extension of such filing deadline to July 31, 2026, as announced in the Company’s news release dated June 29, 2026, and a further extension of such filing deadline to August 31, 2026, as announced in the Company’s new release dated July 31, 2026. 

Each Unit is comprised of (i) one $1,000 principal amount unsecured convertible debenture of the Company (a “Convertible Debenture”) and (ii) 3,125 common share (“Common Share”) purchase warrants of the Company (each, a “Warrant”). Additional detail on the Offering, including terms of the Convertible Debentures and Warrants, is set out in the Prior News Release.

All securities issued pursuant to the Offering, including any Common Shares issuable upon conversion of the Convertible Debentures or exercise of the Warrants and Finder’s Warrants, are subject to a statutory hold period of four months and one day from the closing of the Offering, in accordance with applicable securities laws and TSXV policies. 

The Offering remains subject to final acceptance of the TSXV.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities described in this news release in the United States. Such securities have not been, and will not be, registered under the U.S. Securities Act, or any state securities laws, and, accordingly, may not be offered or sold within the United States, or to or for the account or benefit of persons in the United States or “U.S. Persons”, as such term is defined in Regulation S promulgated under the U.S. Securities Act, unless registered under the U.S. Securities Act and applicable state securities laws or pursuant to an exemption from such registration requirements.

About Dr. Phone Fix

Dr. Phone Fix is a national, award-winning, eco-friendly, and customer-centric leader in Canada’s cell phone and electronics repair and certified pre-owned device industry. Founded in 2019, the Company now operates 44 retail locations nationwide through a standardized and scalable operating platform designed to support consistent execution across multiple markets, delivering fast, reliable, and environmentally conscious repair services alongside a curated selection of certified pre-owned devices and premium accessories. Dr. Phone Fix maintains strong partnerships with OEMs and certified suppliers, ensuring consistently high-quality standards across its national footprint. With a focus on responsible device lifecycle management, customer service, and operational discipline, Dr. Phone Fix continues to set the benchmark for device care and resale in Canada.

NEITHER THE TSXV NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSXV) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE.

Forward-Looking Information and Cautionary Statements

Certain information in this news release constitutes forward-looking statements under applicable securities laws. Any statements that are contained in this news release that are not statements of historical fact may be deemed to be forward-looking statements. Forward-looking statements are often identified by terms such as “may”, “should”, “anticipate”, “expect”, “potential”, “believe”, “intend” or the negative of these terms and similar expressions. Forward-looking statements in this news release include statements relating to: the final acceptance of the Offering by the TSXV; and the expected use of proceeds following the closing of the Offering. Forward-looking information in this news release is based on certain assumptions and expected future events, namely: the Company’s financial condition and development plans do not change as a result of unforeseen events; the TSXV will provide its final acceptance of the Offering; and the Company will be able to obtain the financing required in order to develop and continue its business and operations. These statements involve known and unknown risks, uncertainties and other factors, which may cause actual results, performance or achievements to differ materially from those expressed or implied by such statements, including but not limited to: the Company’s inability to obtain TSXV final acceptance for the Offering; the potential failure to complete the balance of the Offering or to raise the full anticipated gross proceeds; market conditions and investor demand for the Company’s securities; the Company’s inability to deploy the proceeds as currently intended; and general economic and market conditions. Readers are cautioned that the foregoing list is not exhaustive. Readers are further cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the plans, intentions or expectations upon which they are placed will occur. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this press release are expressly qualified by this cautionary statement and reflect the Company’s expectations as of the date hereof and are subject to change thereafter. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, estimates or opinions, future events or results or otherwise or to explain any material difference between subsequent actual events and such forward-looking information, except as required by applicable law.

SOURCE Dr. Phone Fix

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OSTROM CLIMATE REPORTS FISCAL Q2 2026 FINANCIAL STATEMENTS

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VANCOUVER, BC, Aug. 28, 2026 /CNW/ — Ostrom Climate Solutions Inc. (“Ostrom” or the “Company”) (TSXV: COO) (Frankfurt: 9EAA), a leading provider of carbon project development, net-zero climate solutions, and carbon credit marketing and trading, today announced its unaudited financial results for the second quarter ended June 30, 2026.

Second Quarter Financial Highlights:

Q2 2026 revenue totaled $550,084, compared with $860,202 in Q2 2025. Revenue from the Company’s Verified Emission Reduction (VER) trading business is inherently seasonal, with sales typically weighted toward the second half of the year ahead of the November 30 British Columbia Output-Based Pricing System (BC OBPS) compliance deadline; the quarter also reflected the concentration of high-margin deferred-revenue recognition in the first quarter of 2026 and the continued wind-down of legacy consulting mandates. On a year-to-date basis, revenue increased 54% to $2,293,826, from $1,494,166 in the first half of 2025.Gross profit for the quarter was $207,035, compared with $277,407 in Q2 2025, with gross margin improving to 38% from 32% on a higher margin realized on VER sales. For the six months, gross profit was $1,705,286 (H1 2025 – $598,102) at a 74% margin (H1 2025 – 40%), reflecting the high-margin recognition of deferred revenue through opportunistically timed, low-cost VER purchases and retirements in the first quarter.The Company reported a net loss of $578,918 for the quarter, a 15% improvement from the net loss of $683,108 in Q2 2025, as lower operating expenses more than offset the seasonally lower trading revenue. Adjusted net loss was $414,155, compared with $375,849 in Q2 2025, excluding share-based compensation, milestone-based consulting fees intended for share settlement and Smart-Rice Project R&D expenses. On a year-to-date basis, the Company returned to profitability with net income of $114,278, compared with a net loss of $1,399,465 in the first half of 2025.Operating expenses declined to $736,267 from $909,794 in Q2 2025, a reduction of $173,527, reflecting continued cost discipline, lower share-based payments, lower selling, general and administrative costs and reduced research and development spend as the Smart-Rice Project advanced toward verification. For the six months, operating expenses declined 20% to $1,497,284, from $1,869,268 in the first half of 2025.

Selected Financial Highlights

(Unaudited; expressed in Canadian dollars)

Three months ended June 30,

Six months ended June 30,

2026

2025

2026

2025

Revenue

$550,084

$860,202

$2,293,826

$1,494,166

Gross profit

$207,035

$277,407

$1,705,286

$598,102

Gross margin

38 %

32 %

74 %

40 %

Operating
expenses

$736,267

$909,794

$1,497,284

$1,869,268

Net income (loss)

$(578,918)

$(683,108)

$114,278

$(1,399,465)

Adjusted net
income (loss)¹

$(414,155)

$(375,849)

$561,086

$(817,472)

Net income
(loss) per share –
basic and diluted

$(0.005)

$(0.006)

$0.001

$(0.012)

¹

Adjusted net income (loss) is a non-IFRS financial measure that excludes project-related research and development expenses, share-based compensation, and milestone-based consulting fees intended to be settled in shares. It does not have a standardized meaning under IFRS and should not be considered in isolation from, or as a substitute for, measures prepared in accordance with IFRS.

 

Financial position

June 30, 2026

December 31, 2025

Cash

$409,991

$1,718,815

Total assets

$1,156,564

$2,398,745

Current liabilities

$3,531,282

$4,813,601

Deferred revenue

$1,156,004

$2,503,837

Operational and Strategic Developments:

The Company continued to advance its flagship UPRIIS rice methane reduction project in the Philippines (the “Smart-Rice Project”), which progressed from field implementation toward verification during the period and is being positioned to deliver high-quality VERs for compliance markets such as CORSIA and Japan’s Joint Compliance Market.The Company continued to advance its strategic pivot away from legacy consulting mandates toward the ownership and development of high-integrity, compliance-aligned carbon projects.Ostrom continued to pursue compliance-market opportunities, including BC OBPS eligible credits, while acknowledging the expected seasonality of VER trading revenue around the November 30 compliance deadline.The Company continued to advance its three core business lines: Carbon Project Development, Carbon Intelligence Services, and Net Zero Solutions.The Company repaid all remaining outstanding promissory notes and settled approximately $1.35 million of deferred revenue through VER retirements during the first half, while continuing to restructure its offsets and consulting business to align its cost base with forecasted billings and project milestones, and to focus on further debt reduction, disciplined working-capital management, balance-sheet improvement, and strategic financing and partnership opportunities.

Management Commentary:

“Our second-quarter results reflect the natural seasonality of our VER trading business, where sales are typically weighted toward the second half of the year ahead of the November 30 BC OBPS compliance deadline,” said Navdeep Dhaliwal, Chairman and Chief Executive Officer of Ostrom. “Even so, we improved gross margin to 38%, reduced operating expenses by nearly 20% year over year, and narrowed our net loss for the quarter, all while continuing to invest in our owned project development pipeline.”

“These results build on a strong first quarter that returned Ostrom to profitability on a year-to-date basis, with net income of $0.1 million compared with a net loss of $1.4 million a year ago. We remain focused on advancing our flagship Smart-Rice Project toward verification, positioning for compliance-market demand in the second half of the year, and maintaining the cost and working-capital discipline that has strengthened our financial position.”

Liquidity and Outlook

The Company ended the second quarter with cash of $409,991, compared with $1,718,815 at December 31, 2025, primarily reflecting the settlement of approximately $1.35 million of deferred revenue through VER retirements and the repayment of all outstanding promissory notes during the first half. Current liabilities declined to $3,531,282 from $4,813,601 at December 31, 2025, and deferred revenue declined to $1,156,004 from $2,503,837 as revenue was recognized during the period.

Ostrom continues to manage liquidity through disciplined working-capital management, cost alignment, and the pursuit of equity financing and strategic partnership opportunities. The Company remains focused on trading opportunities in compliance markets, particularly ahead of the November 30 BC OBPS compliance deadline, while continuing to advance owned and partnered carbon project development opportunities intended to generate recurring, high-quality carbon credit supply over time.

About Ostrom Climate Solutions Inc.

Ostrom is one of North America’s leading providers of carbon project development and management services, climate solutions, and carbon credit marketing. Over the past 12 years, Ostrom has validated and verified forest carbon projects globally for voluntary and regulated markets, having developed 16 million acres of forest land for conservation and monetized over 10 million carbon credits. Based out of British Columbia, Canada, the Ostrom team has a global reach, has worked with over 200 organizations globally, including Fortune 500 companies, managed projects in partnership with Indigenous stakeholders and has extensive on-ground experience in emerging markets.

Ostrom is focused on developing high-quality carbon projects that have a positive impact on the environment, local communities and biodiversity. Ostrom is publicly listed on the TSX Venture Exchange (COO) and the Frankfurt Stock Exchange (9EAA).

Please visit us at www.ostromclimate.com.

To receive corporate updates via e-mail, please subscribe here.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this Release.

Cautionary Statement Regarding Forward Looking Statements

This news release contains certain statements that may be deemed “forward-looking statements.” Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “projects”, “potential” and similar expressions, or that events or conditions “will”, “would”, “may”, “could” or “should” occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or realities may differ materially from those in forward looking statements. Forward looking statements are based on the beliefs, estimates and opinions of the Company’s management on the date the statements are made. Except as required by law, the Company undertakes no obligation to update these forward-looking statements in the event that management’s beliefs, estimates or opinions, or other factors, should change.

SOURCE Ostrom Climate Solutions Inc.

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INTURAI VENTURES ANNOUNCES CLOSING OF FIRST TRANCHE OF PRIVATE PLACEMENT

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(CSE: URAI / OTC: URAIF / FSE: 3QG0)
investor@inturai.com

Highlights

The Company has completed the first tranche of its previously announced non-brokered private placement, issuing 6,273,331 Units at a price of $0.15 per Unit for gross proceeds of $940,999.65.The Company expects to close the remainder of the Offering in one or more tranches in the coming weeks.

VANCOUVER, BC, Aug. 28, 2026 /PRNewswire/ — Inturai Ventures Corp. (the “Company”) (CSE: URAI) (OTC: URAIF) (FSE: 3QG0) is pleased to announce that it has closed the first tranche of its previously announced non-brokered private placement of up to 8,500,000 units (each, a “Unit”) at a price of $0.15 per Unit for gross proceeds of up to $1,275,000 (the “Offering”). Under the first tranche of the Offering, the Company issued 6,273,331 Units for aggregate gross proceeds of $940,999.65.

Each Unit consists of one common share of the Company (each, a “Share”) and one share purchase warrant (each, a “Warrant”). Each Warrant entitles the holder to acquire an additional common share of the Company at a price of $0.25 for a period of twenty-four months following the date of issuance. The Warrants are subject to an accelerated expiry if, any time following the date of issuance, the closing price of the Shares on the Canadian Securities Exchange, or such other market as the Shares may trade from time to time, is or exceeds $0.35 for five (5) consecutive trading days, in which event the holders of the Warrants may, at the Company’s election, be given notice and the Company will issue a press release announcing that the Warrants will expire thirty (30) days following the date of such press release. The Warrants may be exercised by the holder of the Warrants during the 30-day period between the date of the press release announcing the accelerated expiry date and the expiration of the Warrants.

The Company expects to close the remainder of the Offering in one or more tranches in the coming weeks. The Company expects to utilize the proceeds of the Offering for research and development, business development and general working capital purposes.

The Units issued under the first tranche Offering were offered for sale pursuant to the listed issuer financing exemption under Part 5A of National Instrument 45-106 – Prospectus Exemptions (the “Listed Issuer Financing Exemption”), in each of the provinces of Canada, except Quebec, and other qualifying jurisdictions, including the United States. The Units offered under the Listed Issuer Financing Exemption will be immediately “free-trading” under applicable Canadian securities laws.

In connection with closing of the first tranche of the Offering, the Company paid $9,900 and issued 66,000 finder warrants (each, a “Finders’ Warrant”) to certain arm’s-length parties (each, a “Finder”) who assisted in introducing subscribers to the Offering. Each Finders’ Warrant entitles the holder to acquire one common share of the Company at a price of $0.25 until August 28, 2028. All securities issued to Finders are subject to restrictions on resale until December 29, 2026 in accordance with applicable securities laws and the policies of the Canadian Securities Exchange.

This press release is not an offer to sell or the solicitation of an offer to buy the securities in the United States or in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to qualification or registration under the securities laws of such jurisdiction. The securities being offered have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and such securities may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent registration or an applicable exemption from U.S. registration requirements and applicable U.S. state securities laws.

The Amended and Restated Offering Document (the “Offering Document”) related to this Offering can be accessed under the Company’s profile at www.sedarplus.ca and on the Company’s website at www.inturai.com. Prospective investors should read this Offering Document before making an investment decision. 

About Inturai Ventures

Inturai Ventures is advancing intelligent environments with cutting-edge AI technologies, transforming industries such as healthcare, military, smart homes, and industrial applications. For more information, visit www.inturai.com.

On behalf of the Board of Directors

Ed Clarke, CEO
Inturai Ventures Corp.
Email: investor@inturai.com
Phone: (+1) 604 339-0339

Forward-Looking Statements

This news release includes certain “forward-looking statements” under applicable Canadian securities legislation. Forward-looking statements are frequently characterized by words such as “anticipates”, “plan”, “continue”, “expect”, “project”, “intend”, “believe”, “estimate”, “may”, “will”, “potential”, “proposed”, “positioned” and other similar words, or statements that certain events or conditions “may” or “will” occur and include, but are not limited to, statements with respect to the intended use of proceeds from the Offering and the anticipated closing of the remainder of the Offering. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to general business, economic, competitive, political and social uncertainties, uncertain capital markets; and delay or failure to receive board or regulatory approvals. The reader is cautioned that the assumptions used in the preparation of the forward-looking statements may prove to be incorrect and the actual results, performance or achievements could differ materially from those expressed in, or implied by, these forward-looking statements. Accordingly, no assurances can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do, what benefits, including the amount of proceeds, the Company will derive therefrom. Readers are cautioned that the foregoing list of factors is not exhaustive. The Company is under no obligation, and expressly disclaims any intention or obligation, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable law.

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SOURCE INTURAI VENTURES CORP.

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