Iveda Solutions - IVDA STOCK NEWS

Iveda Solutions, Inc. (NASDAQ: IVDA, IVDAW) has completed an underwritten public offering, raising approximately $8 million by issuing 1,885,000 shares of common stock and accompanying warrants at $4.25 per share. The warrants are exercisable at the same price and expire in five years. The offering follows a 1-for-8 reverse stock split that became effective on March 31, 2022. The company also granted underwriters a 45-day option to purchase additional shares and warrants. The offering is registered under SEC Form S-1.

Iveda Solutions (OTCQB: IVDA) has announced the pricing of its public offering of 1,885,000 shares of common stock at $4.25 per share, along with accompanying warrants. The offering aims to raise $8 million in gross proceeds and includes a reverse stock split effective March 31, 2022. The shares and warrants will start trading on Nasdaq under the symbols IVDA and IVDAW from April 1, 2022. A 45-day option for underwriters to purchase an additional 279,700 shares is also in place. The offering is expected to close on April 5, 2022.

Iveda (OTCQB: IVDA) announced the launch of its AI-driven Ultraviolet Germicidal Irradiation (UVGI) product, enhancing its smart city portfolio. This innovation uses UV lights integrated into HVAC systems, aiming to disinfect air in homes and businesses more effectively. Given the ongoing risks from COVID-19, the company highlights this technology as a significant step in promoting workplace safety. The UV disinfection equipment market is projected to grow from USD 4.75 billion in 2021 to USD 8.46 billion by 2025, with Iveda targeting air sterilization segments worth USD 4 billion by 2025.

Iveda (OTCQB: IVDA) has applied to list its common stock on NASDAQ and filed a Form S-1 Registration Statement with the SEC for a potential $10 million offering of common stock and warrants, with an overallotment option of up to $1.5 million. The funds will support Iveda's global expansion efforts. Maxim Group LLC is the sole book running manager for this offering. The registration statement has been filed but is not yet effective, meaning securities cannot be sold until it becomes active. This press release does not constitute an offer to sell securities.

Iveda (IVDA) has launched VEMO, a next-generation AI body camera integrated with IvedaAI technology. The device features capabilities such as face and license plate recognition, real-time video streaming, and push-to-talk functionality. A reseller agreement with Clearview Asset Protection aims to expand market reach, targeting law enforcement and military sectors. The wearable camera market is projected to grow from USD 1.62 billion in 2020 to USD 425 billion by 2026. VEMO's applications extend beyond law enforcement, suggesting a diverse market potential.

Iveda (OTCQB: IVDA) has announced its uplisting from OTC Pink to OTCQB Venture Markets, enhancing its visibility and transparency in the public market. The SEC accepted the company's Form 10-12g on November 12, 2021, enabling this transition. With this uplisting, Iveda aims to attract a broader range of investors through improved reporting and management certification. CEO David Ly emphasized that this move provides shareholders with a more efficient trading environment and reflects ongoing efforts to boost revenue growth.

Iveda (IVDA) announced an initial purchase order for its IvedaPinpoint wristwatches from B-Lab, a Japanese technology provider. These IoT devices will monitor seniors living alone in Japan as part of an elderly care study. The watch tracks movement, with alerts for inactivity, and can include a body temperature sensor. This project follows a prior study funded by the National Institute on Aging. The initiative highlights the growing demand for technology in senior care, particularly in Japan, which has a significant aging population. CEO David Ly emphasizes the potential for future growth.

Iveda (OTC: IVDA) has partnered with Farnsworth Realty and Management Co. to deploy IvedaAI technology in Home Owner Associations (HOAs) and gated communities, starting with The Wells, a 55+ community in Mesa, Arizona. This initiative aims to enhance security by addressing property crimes, such as burglaries and gate damages. IvedaAI distinguishes itself from traditional license plate readers by providing quicker vehicle identification. With a market size of $33 billion for HOAs in the U.S., Iveda's technology is expected to generate a quick return on investment for communities.

Iveda (OTC: IVDA) announced the closure of a strategic investment from Bell Limited Partnership, a Malaysian private equity fund focused on technology-driven growth companies. Bell's investment highlights Iveda's significant global revenue potential, especially in Japan, where IvedaAI's video analytics are being integrated into a major retail chain. This partnership marks a critical step for Iveda to penetrate the lucrative Japanese market, supported by Bell's expertise in market expansion.