Newport Beach, California--(Newsfile Corp. - January 14, 2025) - NB Tech Acquisitions ("NB Tech"), a leader in technology investment and incubation, is proud to reflect on a transformative year marked by strategic initiatives, key partnerships, and significant milestones that have strengthened its position in the tech industry.
Strategic Acquisitions and Expansions
In November, the company launched Thorion Defense Systems, a wholly owned subsidiary focused on delivering state-of-the-art AI-powered cybersecurity solutions to the Department of Defense (DOD) and appointed Navy Captain Ron O'Rourke as President.
Ecommerce Growth
NBTA ECOM FUND 2 launched dedicated storefronts on Walmart.com and Target.com in December, significantly broadening its market reach.
In August, NB Tech partnered with Rithum to expand ECOM Fund 2 by developing over 400 new ecommerce stores, diversifying its revenue streams and enhancing market presence.
Leadership Enhancements
The year saw strategic appointments to strengthen NB Tech's leadership:
February: Eric Liboiron returned as Chief Executive Officer, bringing renewed vision to the company's strategic direction.
November: Andrea Bouhwis was appointed Vice President of Cryptocurrency and Fund Manager of NBTA DX Fund 1, with Tiana Patterson joining as Project Coordinator, reinforcing the company's commitment to the cryptocurrency sector.
August: Retired Lieutenant Colonel Dayton Loyd joined the Advisory Board, bringing over 40 years of military intelligence and cybersecurity expertise. Rounding out the team in August, Rachel Hunt joined as Lead Project Coordinator and Brooke Rhoden as Vice President of Investor Relations.
July: Retired Navy Captain Ron O'Rourke was appointed Chairman of the Advisory Board, contributing extensive experience in advanced naval technologies and nuclear systems.
June: Savanna Spieckerman assumed the role of Chief Financial Officer, and Darin Mangum was appointed Head of Compliance and lead corporate counsel, enhancing financial management and regulatory adherence.
Operational Milestones
In October, NB Tech relocated its headquarters to a state-of-the-art office in Newport Beach's Fashion Island, supporting its growth strategy and expanding operational capabilities.
In September, the company closed a $1,000,000 Seed A investment round and launched a $10,000,000 Round 1 Capital Raise to accelerate its vision of transforming industries through cutting-edge technologies.
CEO's Reflection
"Reflecting on 2024, NB Tech has achieved remarkable growth and innovation," said Eric Liboiron, Founder and acting CEO of NB Tech Acquisitions. "Our strategic acquisitions, expansion into new markets, and the strengthening of our leadership team have positioned us at the forefront of technological advancement. We are excited to build upon this momentum as we continue to drive transformative solutions and deliver exceptional value to our stakeholders."
Media Contact:
Brooke Rhoden
Vice President of Investor Relations
NB Tech Acquisitions
Phone: 949.229.0977
Email: brooke@nbtecha.com
About NB Tech Acquisitions
Founded in 2021 and headquartered in Newport Beach, California, NB Tech Acquisitions is a private holding company and technology incubator specializing in scaling innovative startups across sectors such as ecommerce, artificial intelligence, and cybersecurity. Through strategic investments and groundbreaking solutions, NB Tech empowers transformation and delivers exceptional value to its stakeholders.
SAFE HARBOR FORWARD-LOOKING STATEMENTS
In connection with the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, NB Tech Acquisitions is hereby providing cautionary statements identifying important factors that could cause our actual results to differ materially from those projected in forward-looking statements (as defined in such act). Any statements that are not historical facts and that express, or involve discussions as to, expectations, beliefs, plans, objectives, assumptions, or future events or performance (often, but not always, indicated through the use of words or phrases such as "will likely result," "are expected to," "will continue," "is anticipated," "estimated," "intends," "plans," "believes," and "projects") may be forward-looking and may involve estimates and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements. These statements include, but are not limited to, our expectations concerning our ability to attract investors.
We caution that the factors described herein could cause actual results to differ materially from those expressed in any forward-looking statements we make, and investors should not place undue reliance on any such forward-looking statements. Further, any forward-looking statement speaks only as of the date on which such statement is made, and we undertake no obligation to update any forward-looking statement to reflect events or circumstances after the date on which such statement is made or to reflect the occurrence of anticipated or unanticipated events or circumstances. New factors emerge from time to time, and it is not possible for us to predict all such factors. Further, we cannot assess the impact of each such factor on our results of operations or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements.
This press release does not constitute an offer of any securities for sale.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/237040
