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New Wave Esports ( (TSE:ROBO) ) has shared an announcement.
Humanoid Global Holdings Corp. has announced a strategic investment in Formic Technologies Inc., a company that facilitates automation for small to mid-sized American manufacturers through a ‘Robotics-as-a-Service’ model. This investment aims to accelerate the adoption of autonomous robotics in manufacturing, addressing projected labor shortages and enhancing productivity and safety. Formic’s systems, recognized internationally for innovation, have achieved significant operational milestones, including high uptime levels and improved safety records. The investment, valued at $99,997, is subject to customary closing conditions, with further details to be released in the future.
More about New Wave Esports
Humanoid Global Holdings Corp. is a publicly traded investment issuer focused on building and accelerating a portfolio of pioneering companies in the humanoid robotics and embodied AI sector. The company serves as a global investment platform, providing liquidity and access to an actively managed portfolio that spans the value chain of this emerging ecosystem, including advanced software, hardware, and enabling technologies. Led by a team with a proven track record, Humanoid Global offers capital and strategic consultation on go-to-market strategies, regulatory pathways, and transaction advisory.
Average Trading Volume: 237,736
Technical Sentiment Signal: Hold
Current Market Cap: C$38.41M
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