Press Release
Above Food and Bite Acquisition Corp. Announce Approval of Business Combination by Above Food Shareholders
(via TheNewswire)
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Calgary, Alberta and New York, NY – TheNewswire – June 11, 2024 — Above Food Corp. (the “Company” or “Above Food“) and Bite Acquisition Corp. (NYSE AMERICAN: BITE) (“Bite“) today announced that the Company’s shareholders have unanimously approved the previously announced plan of arrangement (the “Arrangement“) in respect of the business combination among Bite, the Company, Above Food Ingredients Inc. (“New Above Food“) and Above Merger Sub, Inc. (the “Business Combination“) at the Company’s special meeting of shareholders held on June 7, 2024 (the “Special Meeting“).
The special resolution approving the Arrangement (the “Arrangement Resolution“) was required to be approved by at least two-thirds (66 2/3%) of the votes cast by the Company’s shareholders represented in person or by proxy at the Special Meeting. A total of 53,222,427 of the Company’s common shares, representing approximately 68% of votes entitled to be cast at the Special Meeting, were represented in person or by proxy at the Special Meeting and all (100%) of the votes at the Special Meeting were voted in favour of the Arrangement Resolution.
The Special Meeting was called in accordance with the interim order granted on May 29, 2024 by the Court of King’s Bench of Alberta (the “Court“) in connection with the Arrangement. The Company will seek a final order approving the Arrangement from the Court on June 18, 2024. Closing of the Arrangement remains subject to satisfaction of certain customary closing conditions, including receipt of final Court, stock exchange and regulatory approvals.
Above Food Corp. is a differentiated, regenerative ingredient company that celebrates delicious products made with real nutritious, flavorful ingredients and delivered with transparency. Above Food’s vision is to create a healthier world — one seed, one field, and one bite at a time. With a robust chain of custody of plant proteins, enabled by scaled operations and infrastructure in primary agriculture and processing, Above Food delivers nutritious foods to businesses and consumers with traceability and sustainability. Above Food’s consumer products and brands are available online at www.abovefood.com and in leading grocers across Canada and the United States.
Bite Acquisition Corp is a special purpose acquisition company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. Bite is led by Chair and CEO Alberto Ardura and a team of successful industry executives, and venture capital investors who have long track records of operating business in the restaurant and food industries.
Cautionary Statement Regarding Forward-Looking Information
This press release contains certain forward-looking information and forward-looking statements within the meaning of applicable securities laws (collectively “forward-looking information“), which are based on Above Food’s and Bite’s current internal expectations, estimates, projections, assumptions and beliefs. The use of any of the words “believe”, “estimate”, “anticipate”, “expect”, “plan”, “predict”, “outlook”, “target”, “project”, “plan”, “may”, “could”, “will”, “shall”, “should”, “intend”, “potential”, “seek”, “future”, “outlook” and similar expressions that predict or indicate future events or trends or events that are not statements of historical matters are intended to identify forward-looking information. Forward-looking information in this press release includes, but is not limited to: statements regarding the anticipated benefits of the Business Combination, particularly that the Business Combination will offer certain advantages to Above Food’s shareholders and Bite stockholders; the expectation that following completion of the Business Combination, the Above Food’s shareholders and Bite stockholders will continue to participate in the upside of the combined company; and statements regarding estimates and forecasts of financial and performance metrics and projections of market opportunity. Forward-looking information is not intended to serve as, and must not be relied on by any investor as, a guarantee, an assurance, a prediction or a definitive statement of fact or probability.
Above Food and Bite currently believe the expectations reflected in the forward-looking information in this press release are reasonable, but no assurance can be given that these expectations will prove to be correct, and readers should not place undue reliance on such forward-looking information. The forward-looking information in this press release is subject to a number of known and unknown risks and uncertainties that could cause actual events or results to differ materially, including, but not limited to: (i) changes in domestic and foreign business, market, financial, political and legal conditions; (ii) the inability of the parties to successfully or timely consummate the proposed Business Combination, including the risk that any required regulatory approvals are not obtained, are delayed or are subject to unanticipated conditions that could adversely affect the combined company, the expected benefits of the proposed Business Combination are not obtained or that any of the conditions to closing are not satisfied or that events or other circumstances give rise to the termination of the business combination agreement relating to the proposed Business Combination; (iii) changes to the structure of the proposed Business Combination that may be required or appropriate as a result of applicable laws or regulations or as a condition to obtaining the necessary regulatory approvals; (iv) the ability to meet stock exchange listing standards following the consummation of the proposed Business Combination; (v) the risk that the proposed Business Combination disrupts current plans and operations of Above Food as a result of the announcement and consummation of the proposed Business Combination; (vi) failure to realize the anticipated benefits of the proposed Business Combination, which may be affected by, among other things, competition, the ability of the combined company to grow and manage growth profitably, maintain relationships with customers and suppliers and retain its management and key employees; (vii) costs related to the proposed Business Combination; (viii) changes in applicable law or regulations; (ix) risks relating to the uncertainty of the projected financial information with respect to Above Food; (x) the outcome of any legal proceedings that may be instituted against Bite or Above Food; (xi) the effects of competition on Above Food’s future business; (xii) the impact of the COVID-19 pandemic on Above Food’s business; (xiii) the ability of Bite or the combined company to issue equity or equity-linked securities or obtain debt financing in connection with the proposed Business Combination or in the future; (xiv) the enforceability of Above Food’s intellectual property rights, including its copyrights, patents, trademarks and trade secrets, and the potential infringement on the intellectual property rights of others; (xv) Above Food’s ability to execute its planned acquisition strategy, including to successfully integrate completed acquisitions and realize anticipated synergies; and (xvi) those factors discussed under the heading “Risk Factors” in Bite’s Annual Report on Form 10-K for the fiscal year ended December 31, 2022, filed with the Securities and Exchange Commission (the “SEC“) on March 11, 2024, the definitive proxy statement/prospectus filed on April 9, 2024 by Bite and New Above Food and other documents filed, or to be filed, by Bite and/or New Above Food with the SEC. If any of these risks materialize or our assumptions prove incorrect, actual results could differ materially from the results implied by the forward-looking information. There may be additional risks that none of Bite or Above Food presently know or that Bite or Above Food currently believe are immaterial that could also cause actual results to differ from those contained in the forward-looking information.
In addition, forward-looking information reflects Bite’s and Above Food’s expectations, plans or forecasts of future events and views as of the date of this press release. Bite and Above Food anticipate that subsequent events and developments may cause Bite’s and Above Food’s assessments to change. However, while Bite and Above Food may elect to update the forward-looking information at some point in the future, Bite and Above Food specifically disclaim any obligation to publicly update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Nothing in this press release should be regarded as a representation by any person that the forward-looking information set forth herein will be achieved or that any of the contemplated results of such forward-looking information will be achieved. Accordingly, undue reliance should not be placed upon the forward-looking information. The forward-looking information contained herein is expressly qualified in its entirety by this cautionary statement.
Copyright (c) 2024 TheNewswire – All rights reserved.
COMTEX_453656625/2895/2024-06-11T08:31:44
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Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.
Press Release
SeaPRwire Introduces Intelligent News Push System for Personalized Press Release Distribution
China, 27th Mar 2025, – Hong Kong – SeaPRwire, a leading Public Relations Communication Platform in Asia, has announced the integration of an innovative Intelligent News Push System into its service offerings. This new system, powered by Asia Presswire, aims to revolutionize how press releases are distributed by personalizing the delivery process based on users’ interests and reading history.
The Intelligent News Push System leverages artificial intelligence (AI) and machine learning (ML) algorithms to tailor news content recommendations. By analyzing user preferences and behaviors, the system provides news platforms and social media Key Opinion Leaders (KOLs) with highly relevant and personalized press release suggestions. This approach enhances the chances of reaching the right audience and maximizes the impact of communications efforts.
“With the integration of this AI-driven solution, SeaPRwire is taking a major step forward in delivering more targeted and effective communication strategies for our clients,” said Jane Woo, Product Director at SeaPRwire. “By utilizing the latest in machine learning technology, we are able to offer a personalized experience that not only improves audience engagement but also helps brands achieve greater visibility and influence across diverse media platforms.”
The system’s ability to track and analyze user interactions, such as reading habits and engagement patterns, ensures that each press release reaches the most relevant journalists, editors, and influencers. This level of customization allows for a more efficient distribution process, reducing noise and ensuring that the right content gets into the hands of those who are most likely to share or report on it.
In addition to its AI-powered features, the Intelligent News Push System can measure the effectiveness of each press release by analyzing engagement data, providing valuable insights into how content is performing across different channels. This helps brands fine-tune their communications strategy for optimal results.
SeaPRwire’s new system is designed to serve clients across the Asia-Pacific region, including Japan, China, Korea, Hong Kong, Singapore, Vietnam, Thailand, Malaysia, Indonesia, and the Philippines. With a network that spans over 80,000 journalists and 300 million KOL followers, SeaPRwire continues to build on its reputation as a leading platform for earned media communications management.
The collaboration with Asia Presswire brings cutting-edge technology to the platform, making SeaPRwire a more powerful tool for PR and communication professionals looking to enhance their brand presence in the region.
This strategic development reinforces SeaPRwire’s commitment to providing innovative, data-driven solutions that meet the evolving needs of the modern communications landscape. By focusing on personalization and AI-driven strategies, SeaPRwire is poised to transform how press releases are distributed, ensuring that brands can connect with the right audiences at the right time.
About Asia Presswire
Asia Presswire is a press release distribution service that provides tailored solutions for public relations firms, agencies, organizations, and corporations worldwide. They specialize in delivering customized press release distribution, including direct-to-editor email delivery to targeted media editors at newspapers, magazines, and broadcast outlets. Their extensive network spans 172 countries, connecting with over 230,000 media outlets and 3.6 million self-media platforms. Supporting over 46 languages, including English, Chinese, French, German, and Japanese, Asia Presswire ensures effective communication across diverse linguistic regions. Their services are designed to enhance brands’ online visibility and reputation, enabling effective connection with target audiences.
About SeaPRwire
SeaPRwire is a leading earned media communications management platform in Asia, designed to empower PR and communications professionals. Its Branding-Insight Program streamlines communication management by connecting clients with a network of over 80,000 journalists, editors, magazines, and online media outlets, along with 300 million followers of key opinion leaders (KOLs). Leveraging AI-driven technology, SeaPRwire enables users to identify relevant media and KOLs, personalize pitches, and measure the impact of their communications efforts. Operating across regions including Japan, China, Korea, Hong Kong, Singapore, Vietnam, Thailand, Malaysia, Indonesia, and the Philippines, SeaPRwire enhances brand awareness and educates audiences effectively.
Media Contact
Organization: SeaPRwire
Contact
Person: Media Relations
Website:
https://seaprwire.com
Email:
cs@seaprwire.com
Country:China
The post SeaPRwire Introduces Intelligent News Push System for Personalized Press Release Distribution appeared first on
Brand News 24.
It is provided by a third-party content
provider. Brand News 24 makes no
warranties or representations in connection with it.
About Author
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.
Press Release
SeaPRwire Introduces Intelligent News Push System for Personalized Press Release Distribution
China, 27th Mar 2025, – Hong Kong – SeaPRwire, a leading Public Relations Communication Platform in Asia, has announced the integration of an innovative Intelligent News Push System into its service offerings. This new system, powered by Asia Presswire, aims to revolutionize how press releases are distributed by personalizing the delivery process based on users’ interests and reading history.
The Intelligent News Push System leverages artificial intelligence (AI) and machine learning (ML) algorithms to tailor news content recommendations. By analyzing user preferences and behaviors, the system provides news platforms and social media Key Opinion Leaders (KOLs) with highly relevant and personalized press release suggestions. This approach enhances the chances of reaching the right audience and maximizes the impact of communications efforts.
“With the integration of this AI-driven solution, SeaPRwire is taking a major step forward in delivering more targeted and effective communication strategies for our clients,” said Jane Woo, Product Director at SeaPRwire. “By utilizing the latest in machine learning technology, we are able to offer a personalized experience that not only improves audience engagement but also helps brands achieve greater visibility and influence across diverse media platforms.”
The system’s ability to track and analyze user interactions, such as reading habits and engagement patterns, ensures that each press release reaches the most relevant journalists, editors, and influencers. This level of customization allows for a more efficient distribution process, reducing noise and ensuring that the right content gets into the hands of those who are most likely to share or report on it.
In addition to its AI-powered features, the Intelligent News Push System can measure the effectiveness of each press release by analyzing engagement data, providing valuable insights into how content is performing across different channels. This helps brands fine-tune their communications strategy for optimal results.
SeaPRwire’s new system is designed to serve clients across the Asia-Pacific region, including Japan, China, Korea, Hong Kong, Singapore, Vietnam, Thailand, Malaysia, Indonesia, and the Philippines. With a network that spans over 80,000 journalists and 300 million KOL followers, SeaPRwire continues to build on its reputation as a leading platform for earned media communications management.
The collaboration with Asia Presswire brings cutting-edge technology to the platform, making SeaPRwire a more powerful tool for PR and communication professionals looking to enhance their brand presence in the region.
This strategic development reinforces SeaPRwire’s commitment to providing innovative, data-driven solutions that meet the evolving needs of the modern communications landscape. By focusing on personalization and AI-driven strategies, SeaPRwire is poised to transform how press releases are distributed, ensuring that brands can connect with the right audiences at the right time.
About Asia Presswire
Asia Presswire is a press release distribution service that provides tailored solutions for public relations firms, agencies, organizations, and corporations worldwide. They specialize in delivering customized press release distribution, including direct-to-editor email delivery to targeted media editors at newspapers, magazines, and broadcast outlets. Their extensive network spans 172 countries, connecting with over 230,000 media outlets and 3.6 million self-media platforms. Supporting over 46 languages, including English, Chinese, French, German, and Japanese, Asia Presswire ensures effective communication across diverse linguistic regions. Their services are designed to enhance brands’ online visibility and reputation, enabling effective connection with target audiences.
About SeaPRwire
SeaPRwire is a leading earned media communications management platform in Asia, designed to empower PR and communications professionals. Its Branding-Insight Program streamlines communication management by connecting clients with a network of over 80,000 journalists, editors, magazines, and online media outlets, along with 300 million followers of key opinion leaders (KOLs). Leveraging AI-driven technology, SeaPRwire enables users to identify relevant media and KOLs, personalize pitches, and measure the impact of their communications efforts. Operating across regions including Japan, China, Korea, Hong Kong, Singapore, Vietnam, Thailand, Malaysia, Indonesia, and the Philippines, SeaPRwire enhances brand awareness and educates audiences effectively.
Media Contact
Organization: SeaPRwire
Contact
Person: Media Relations
Website:
https://seaprwire.com
Email:
cs@seaprwire.com
Country:China
The post SeaPRwire Introduces Intelligent News Push System for Personalized Press Release Distribution appeared first on
Brand News 24.
It is provided by a third-party content
provider. Brand News 24 makes no
warranties or representations in connection with it.
About Author
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.
Press Release
Quantum Chain: Pioneering the Integration of Quantum Computing in Blockchain Technology
Singapore, 27th Mar 2025, – Just as the internet, after becoming publicly available in the late 1980s, evolved over decades into the technology we rely on today, blockchain has also continued to advance in the 16 years since Bitcoin first emerged in 2009.
Bitcoin is widely regarded as the first-generation cryptocurrency, followed by Ethereum as the second. Today, many coins claim to be third-generation, boasting improvements in speed, security, and smart contract functionality. However, most of them compromise the core philosophy of decentralization. Additionally, since they still rely on traditional computing-based blockchain infrastructure, they continue to face significant challenges in speed and security.
Amid countless efforts to simultaneously address decentralization and speed, South Korea-based blockchain development company Maxpia ICT has achieved a world-first breakthrough. By integrating quantum mechanics principles from quantum computing into block verification, the company has drastically reduced verification time, achieving transaction speeds over 100 times faster than traditional blockchains.
By integrating quantum computing, Quantum Chain employs the Quantum Random Sampling (QRS) algorithm, which selects block verifiers through randomized sampling of unspecified nodes. This enhances security with quantum resistance while simultaneously reinforcing decentralization, speed, scalability, and security. As a result, Quantum Chain stands as the only fourth-generation blockchain to overcome the blockchain trilemma, setting a new industry standard.
With a total supply of 3.5 billion coins and a 3-year halving cycle, Quantum Chain operates on a 100% Proof-of-Work (PoW) model, ensuring that coins can only be acquired through fair mining. Its hybrid mining system, which combines GPU and quantum computing, results in high mining costs, reinforcing its intrinsic value as a premium digital asset.
With its superior speed, security, and decentralization, QuantumChain offers a robust mainnet-based infrastructure, enabling numerous project tokens to operate seamlessly within its network. As a result, it is poised to attract widespread adoption in industries that require reliable blockchain solutions.
Real World Asset (RWA) tokens, which are backed by tangible assets, require a blockchain that enables fast, secure, and cost-effective asset transfers. Quantum Chain is well-positioned to dominate this rapidly growing sector, becoming the preferred blockchain for RWA adoption. The first RWA token on Quantum Chain, NIC, has already been issued, backed by real-world nickel mining assets in Indonesia. In the near future, numerous RWA tokens are expected to launch on Quantum Chain from Dubai.
As the first blockchain company in South Korea to receive venture certification, Maxpia ICT has established itself as the country’s leading blockchain R&D firm, operating its own dedicated research lab. After more than three years of development, Quantum Chain was born. Now, to drive its global expansion, Maxpia ICT has chosen Dubai—one of the fastest-growing cryptocurrency hubs—as its strategic basecamp, launching a full-scale international marketing campaign.
With its mainnet launch event set for May 2025, Quantum Chain will transition to public mining, allowing anyone worldwide to participate. This shift will further decentralize the mining process, expand the ecosystem’s foundation, and reduce social costs in specific regions, positioning Quantum Chain as a sustainable, value-driven blockchain for the long term.
Efforts to tackle unresolved challenges in the digital world—such as human health, natural disasters, climate forecasting, and the mysteries of the universe—continue through the exploration of quantum computing and the quantum realm.
As the world’s first blockchain to integrate quantum mechanics principles from quantum computing, Quantum Chain has now taken its first step into the quantum era.
QuantumChain will continue to expand the applications of quantum computing in blockchain, moving beyond block verification to support token issuance, NFTs, and smart contracts, driving the next stage of blockchain innovation.
In the blockchain sector focused on enabling fast, secure, and cost-effective transfer and storage of real-world asset value, South Korea’s Maxpia ICT aims to drive industry growth by collaborating with numerous projects and advancing blockchain technology.
With growing interest and business participation from Dubai, the U.S., Japan, Vietnam, Indonesia, and China, Quantum Chain is on track to establish itself as a major global blockchain platform.
Blockchain technology began with Bitcoin, but its full potential will be realized through Quantum Chain.
Homepage: https://www.quantumchain.it/
Explorer: https://explorer.quantumchain.it/
Wallet(Web): https://wallet.quantumchain.it/
X: https://twitter.com/Quantumchain_it/
CMC: https://coinmarketcap.com/ko/currencies/quantum-chain-it/
Media Contact
Organization: QUANTUM CHAIN SOLUTION PTE. LTD.
Contact
Person: LEE JANG HAK
Website:
https://www.quantumchain.it/
Email:
quantumchainlab@gmail.com
Country:Singapore
The post Quantum Chain: Pioneering the Integration of Quantum Computing in Blockchain Technology appeared first on
Brand News 24.
It is provided by a third-party content
provider. Brand News 24 makes no
warranties or representations in connection with it.
About Author
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.
SeaPRwire Introduces Intelligent News Push System for Personalized Press Release Distribution
SeaPRwire Introduces Intelligent News Push System for Personalized Press Release Distribution
Quantum Chain: Pioneering the Integration of Quantum Computing in Blockchain Technology
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