Going Coastal
1 week ago
Today's 8-K terminated the $20M Equity Line that you are speaking about and withdrew the pending S-1... and no shares were ever sold or registered.
Termination of a Material Definitive Agreement
On May 13, 2025 (the “Effective Date”), Avant Technologies Inc. (the “Company”) provided formal written notice to GHS Investments, LLC (“GHS”) of its decision to terminate the Equity Financing Agreement (the “ELOC”) dated July 17, 2024, between the Company and GHS. The termination notice was acknowledged and accepted by GHS. As of the Effective Date, both the ELOC and the related Registration Rights Agreement between the Company and GHS are considered terminated and of no further force or effect. The termination was made by mutual agreement, and neither party has any further obligations or liabilities to the other under either agreement.
The Company’s decision to terminate the ELOC was made after careful evaluation of current market conditions and its strategic direction. The Company determined that the terms of the ELOC, including the existing minimum floor price, no longer align with its revised business objectives and shareholder interests.
In addition, the Company withdrew its currently pending Form S-1 registration statement and pursue a revised equity financing structure with improved terms, including a higher minimum floor price of $2 per share. This new structure will be designed to better reflect prevailing market conditions, enhance compliance with applicable regulations, and support transparent corporate governance.
The termination is being made pursuant to Section 9.4 of the Registration Rights Agreement related to the ELOC, which permits termination by mutual consent or as otherwise permitted.
getmoreshares
2 months ago
alerted at .48 The New EXPLOSIVE AI Stock Alert is Avant Technology (OTCQB: AVAI)
In a groundbreaking move for the healthcare and technology sectors, Avant Technologies Inc. (OTCQB: AVAI) and its joint venture partner, Ainnova Tech, Inc., have announced a strategic collaboration with Apollo Hospitals, one of Asia’s largest and most respected healthcare networks. This partnership, unveiled on March 10, 2025, signals a major leap forward in integrating artificial intelligence (AI) into early disease detection and chronic condition management—potentially transforming patient outcomes worldwide.
Oleblue
11 months ago
Avant Technologies Addresses Progress on AI Supercomputer-Driven Data Centers
Avant Technologies, Inc.
Tue, Jun 25, 2024, 8:00 AM EDT
Avant Technologies, Inc
LAS VEGAS, June 25, 2024 (GLOBE NEWSWIRE) -- Avant Technologies, Inc. (OTCQB: AVAI) (“Avant” or the “Company”), a leader in artificial intelligence (AI) technology specializing in cutting edge AI and data center infrastructure solutions, today announced a progress report on the Company’s efforts to deliver unprecedented and cost-effective compute infrastructure that unlocks the full potential of AI and ushers in a new era of technological advancement.
Avant’s Chief Executive Officer (CEO), William Hisey, discussed the Company’s work to position Avant at the leading edge of the supercomputer-driven data center industry and to set new standards for managing and storing AI applications. “First and foremost, our plan is to address the pervasive costs and performance limitations that continue to hinder AI, machine learning, and big data analytics development and commercialization. There is a real unmet need as rapid growth across the entirety of the AI and big data industries is outpacing the necessary infrastructure for an industry that demands exponential power and capacity while remaining cost effective.”
The global cloud computing market size was valued at $545.8 billion in 2022, and it is projected to reach $1.24 trillion by 20271. Meanwhile, the private cloud market is projected to grow at a CAGR of 29.7% - growing to more than $528 billion by 20292, while the global cloud AI market is estimated to grow to $647 billion by 2030, registering a CAGR of 39.6%.
Avant’s CEO continued, “Late last year we unveiled our plans to develop a true edge-native distributed supercomputer to cater to the complex computing needs of AI applications and to empower AI software companies with unprecedented capabilities, enabling them to push the boundaries of AI development and deployment. Avant’s ‘edge-native’ approach doesn’t rely on cloud-based services so we can offer AI and big data companies many advantages over the more familiar ‘cloud-native’ approach, including, reduced latency, improved security and privacy, increased scalability, and reduced costs.”
To that end, Avant began to advance its plan in February 2024 by first entering a technology codevelopment partnership with Wired4Tech, Inc., a Florida-based information technology development company, to aid in the design, development, and initial implementation of Avant's planned high-density compute infrastructure and distributed supercomputing solutions.
Avant’s CEO stated that growing early demand for the Company’s high-density compute infrastructure is coming from both the on-premises and colocation segments of the private cloud sector. The rapidly growing demand for new data center capacity, combined with the progress of Avant’s solution development over the past 6 months led the Company to announce in March 2024, that Avant expects its first state-of-the-art AI-focused data center would be built in Milwaukee, Wisconsin, and operational in the first half of 2025.
https://finance.yahoo.com/news/avant-technologies-addresses-progress-ai-120000845.html
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Boca Jom
12 months ago
Company Report: Avant Technologies
Business Overview
Avant Technologies is a forward-thinking company specializing in artificial intelligence (AI) and high-performance computing. Their operations span the acquisition and integration of advanced AI-powered servers, development of proprietary AI software for data center management, and significant ventures into healthcare technology.
Mission Statement
Avant Technologies is committed to revolutionizing the technological landscape by leveraging cutting-edge AI and computing solutions. Their mission is to drive efficiency, security, and innovation, particularly in data management and healthcare sectors.
Core Competencies and Differentiators
1. Advanced AI Solutions: Avant Technologies focuses on acquiring and utilizing high-performance, immersible AI-powered servers to enhance computational capabilities and data processing efficiency. This positions them at the forefront of AI technology application.
2. Proprietary AI Software: The development of a proprietary AI software platform for data center management underscores Avant's commitment to innovation. This platform aims to optimize resource allocation, improve operational efficiency, and manage data centers more effectively.
3. Healthcare Technology Integration: Avant has strategically acquired healthcare technology firms to advance AI interoperability in healthcare data. This integration promotes better data analysis and management, contributing to more efficient healthcare solutions.
4. Security Initiatives Avant is implementing AI-empowered zero-trust architecture within its data centers to ensure robust security measures and data integrity. This focus on security differentiates them from competitors by prioritizing data protection and trust.
5. Supercomputing Capabilities: Avant's launch of an advanced AI supercomputing network, along with their efforts to develop a nationwide low-latency supercomputing grid, highlights their commitment to providing extensive and rapid computational resources. These initiatives demonstrate Avant's dedication to scalability and performance in AI computing.
Strategic Partnerships and Collaborations
Avant Technologies collaborates with companies like Wired4Tech to continuously evaluate and enhance their technological offerings. These strategic partnerships are crucial in ensuring that Avant remains at the cutting edge of technological innovation and efficiency.
Recent Developments
- Binding LOI for AI Servers: Avant Technologies has entered into a binding Letter of Intent (LOI) to purchase high-performance AI servers. This move is aimed at significantly boosting their AI capabilities and data processing efficiency.
- Performance Evaluation by Wired4Tech: The engagement with Wired4Tech to evaluate the next-generation AI server technology highlights Avant's commitment to maintaining optimal performance and technological superiority.
- Data Center Management Revolution: Avant is developing a proprietary AI software platform intended to revolutionize data center management by optimizing resource allocation and improving operational efficiency.
- New CEO and Healthcare Focus: Following the acquisition of a healthcare technology and data integration firm, Avant appointed a new CEO. This strategic move aligns with their mission to enhance AI interoperability in healthcare data.
- AI-Empowered Zero Trust Architecture: Avant's initiative to implement AI-empowered zero-trust architecture in its data centers underscores their focus on security and data integrity.
Conclusion
Avant Technologies presents itself as an innovative leader in the AI and high-performance computing space. Their strategic acquisitions, focus on proprietary AI solutions, and commitment to data security and healthcare integration position them as a forward-thinking and robust player in the tech industry. To a reader, Avant comes across as a dynamic and ambitious company, dedicated to leveraging AI for transformative solutions across various sectors. Their proactive approach in acquiring advanced technologies and fostering strategic partnerships signals a strong drive for continuous improvement and market leadership.
ENDS.
Sources:
https://www.otcmarkets.com/stock/AVAI/news/Avant-Technologies-Enters-Binding-LOI-to-Purchase-Dozens-of-High-Performance-Immersible-AI-Powered-Servers?id=442935
https://www.otcmarkets.com/stock/AVAI/news/Avant-Technologies-Engages-Wired4Tech-to-Evaluate-the-Performance-of-Next-Generation-AI-Server-Technology?id=441570
https://www.otcmarkets.com/stock/AVAI/news/Avant-Technologies-to-Revolutionize-Data-Center-Management-with-Proprietary-AI-Software-Platform?id=440832
https://www.otcmarkets.com/stock/AVAI/news/Avant-Technologies-Equipping-AI-Managed-Data-Center-with-High-Performance-Computing-Systems?id=440114
https://www.otcmarkets.com/stock/AVAI/news/Avant-Technologies-Names-New-CEO-Following-Acquisition-of-Healthcare-Technology-and-Data-Integration-Firm?id=439109
https://www.otcmarkets.com/stock/AVAI/news/Avant-Technologies-to-Implement-AI-Empowered-Zero-Trust-Architecture-in-Its-Data-Centers?id=438410
https://www.otcmarkets.com/stock/AVAI/news/Avant-Technologies-Launches-Advanced-AI-Supercomputing-Network-and-ExpansiveData-Solutions?id=437767
https://www.otcmarkets.com/stock/AVAI/news/Avant-Technologies-Begins-Development-on-Next-Generation-AI-Driven-Resource-Allocation-Solution?id=436931
https://www.otcmarkets.com/stock/AVAI/news/Avant-Technologies-Acquires-Wired-4-Health-Advancing-AI-Interoperability-in-Healthcare-Data?id=436200
https://www.otcmarkets.com/stock/AVAI/news/UPDATE---Avant-Technologies-Engages-Wired4Tech-to-Develop-Nationwide-Low-Latency-Supercomputing-Grid?id=435981
https://www.otcmarkets.com/stock/AVAI/news/Avant-Technologies-Engages-Wired4Tech-for-the-Development-of-a-Nationwide-Low-Latency-Supercompute-Grid?id=435806
Oleblue
12 months ago
Avant Technologies Engages Wired4Tech to Evaluate the Performance of Next Generation AI Server Technology
May 23 2024 - 8:00AM
LAS VEGAS, NV -- May 23, 2024 -- InvestorsHub NewsWire -- Avant Technologies, Inc. (OTCQB: AVAI) (“Avant” or the “Company”), a leading innovator and enabler of AI infrastructure technology, announces its engagement with Wired4Tech, a renowned AI infrastructure consulting firm.
As part of its existing technology services agreement with Wired4Tech, Avant Technologies has engaged Wired4Tech to conduct comprehensive performance benchmarking of a next-generation AI cloud server that Avant is evaluating for future use in its AI data center cloud infrastructure.
Wired4Tech’s performance benchmarking will encompass a range of crucial metrics, including response time, throughput, CPU and memory usage, disk I/O, network latency, and error rates. These metrics are essential for assessing the server's ability to handle complex AI workloads efficiently and reliably. Additionally, Wired4Tech will measure the server’s power consumption and anticipated cost savings.
Response time will be evaluated to measure the speed at which the server responds to various actions, providing insight into its overall responsiveness. Throughput analysis will assess the server's data transfer capabilities, considering factors such as file size, cached or uncached content, and available network bandwidth.
Furthermore, CPU and memory usage will be closely monitored to gauge the server's processing power and memory management efficiency. Disk I/O performance will be evaluated to ensure smooth data access and storage operations, while network latency measurements will provide valuable information on the server's communication speed with external systems.
"We are excited to engage Wired4Tech to benchmark the performance of an innovative, next-generation AI server," said William Hisey, Chief Executive Officer at Avant Technologies. "By conducting rigorous benchmark testing of this promising server technology, we expect to validate its expected performance and cost-saving benefits."
The results of the benchmark testing will enable Avant Technologies to further execute on its AI infrastructure business strategy.
About Avant Technologies, Inc.
Avant Technologies leads the way in providing distributed submerged infrastructure solutions. With a commitment to innovation and sustainability, Avant Technologies addresses the complex challenges of the digital era with cutting-edge solutions.
More information about Avant Technologies can be found at https://avanttechnologies.com
You can follow us on social media at:
https://www.linkedin.com/company/avant-technologies-ai
https://www.youtube.com/@AvantTechAI
https://twitter.com/AvantTechAI
https://www.facebook.com/AvantTechAI
Forward-Looking Statements
Certain statements contained in this press release may constitute “forward-looking statements.” Forward-looking statements provide current expectations of future events based on certain assumptions and include any statement that does not directly relate to any historical or current fact. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors as disclosed in our filings with the Securities and Exchange Commission located at their website (http://www.sec.gov). In addition to these factors, actual future performance, outcomes, and results may differ materially because of more general factors including (without limitation) general industry and market conditions and growth rates, economic conditions, governmental and public policy changes, the Company’s ability to raise capital on acceptable terms, if at all, the Company’s successful development of its products and the integration into its existing products and the commercial acceptance of the Company’s products. The forward-looking statements included in this press release represent the Company's views as of the date of this press release and these views could change. However, while the Company may elect to update these forward-looking statements at some point in the future, the Company specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing the Company's views as of any date after the date of the press release.
Contact:
Avant Technologies, Inc.
info@avanttechnologies.com
Oleblue
1 year ago
Avant Technologies Names New CEO Following Acquisition of Healthcare Technology and Data Integration Firm
Avant Technologies, Inc.
Thu, May 2, 2024
In this article:
LAS VEGAS, May 02, 2024 (GLOBE NEWSWIRE) -- Avant Technologies, Inc. (OTCQB: AVAI) (“Avant” or the “Company”), an artificial intelligence (AI) technology company specializing in the development of advanced AI and data center infrastructure solutions, has named William Hisey as the Company’s new Chief Executive Officer (CEO), effective immediately. Hisey comes to Avant via its acquisition of Wired4Health, a healthcare technology and data integration firm, where he’s spent the last 13 years serving as the firm’s Chief Financial Officer (CFO).
Hisey joins Avant at a pivotal moment in the Company’s growth. Avant spent the past year laying the groundwork for its future in the AI industry, and William Hisey will bring his 25 years of experience in business operations and finance, including executive-level positions in private equity and corporate finance, to position the company financially to continue its AI data center infrastructure development plans and the Company’s complete growth in the burgeoning AI industry.
Commenting on his appointment as the new CEO at Avant, Hisey said, “Avant has been methodically building a company that can compete in the AI space in an area of great need, and I am excited to join the team at this crucial point in the Company’s development.”
His experiences run the gamut from initial start-ups to Fortune 100 Companies. Mr. Hisey began his career at Ernst & Young, considered one of the Big Four accounting firms globally, as a financial auditor before transitioning to Pitney Bowes, where he performed in multiple financial roles. After serving as the Vice President (VP) of Business Development at IVAX Pharmaceuticals, Hisey became the CFO of the boutique venture capital firm, SnowMark Capital.
Mr. Hisey then transitioned to the entrepreneurial side of business and founded RxStrategies, Inc., a “340B” pharmaceutical services startup, where his focus was on developing the business model, raising capital, and directing the ramp-up of company infrastructure and front of the house activities.
Most recently, Hisey has been providing CFO and private equity services to a variety of companies, while also serving as the CFO for Wied4Health since 2011. His work includes financial structuring, business modeling, strategic planning, capital raises, and due diligence/process improvement projects.
Prior to his 13-year tenure with Wired4Health, which was acquired by Avant earlier this month, Hisey spent almost six years as CFO and Vice President of Business Development with Sentry Data Systems (Sentry), a healthcare solutions technology company. While at Sentry, the company grew from just 15 employees to more than 100 employees and revenue grew dramatically from less than $1 million to more than $100 million.
About Avant Technologies, Inc.
Avant Technologies, Inc. is an artificial intelligence technology company specializing in creating and developing innovative and advanced AI infrastructure solutions designed to revolutionize the landscape for AI software development companies and other companies that require immense, scalable computing power, such as scientific simulations, climate modeling, protein folding analysis, and big data processing. The Company also employs its highly sophisticated machine and deep learning AI system, Avant AI™, to function as both a versatile and customizable AI solution in a host of industries and applications.
More information about Avant Technologies can be found at https://avanttechnologies.com
Forward-Looking Statements
Certain statements contained in this press release may constitute “forward-looking statements.” Forward-looking statements provide current expectations of future events based on certain assumptions and include any statement that does not directly relate to any historical or current fact. Actual results may differ materially from those indicated by such forward-looking statements because of various important factors as disclosed in our filings with the Securities and Exchange Commission located at their website (http://www.sec.gov). In addition to these factors, actual future performance, outcomes, and results may differ materially because of more general factors including (without limitation) general industry and market conditions and growth rates, economic conditions, governmental and public policy changes, the Company’s ability to raise capital on acceptable terms, if at all, the Company’s successful development of its products and the integration into its existing products and the commercial acceptance of the Company’s products. The forward-looking statements included in this press release represent the Company's views as of the date of this press release and these views could change. However, while the Company may elect to update these forward-looking statements at some point in the future, the Company specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing the Company's views as of any date after the date of the press release.
Contact:
Avant Technologies, Inc.
info@avanttechnologies.com
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