OpenWorld, Inc. (OPNW) News & EventsOPNWOpenWorld, Inc.

OpenWorld Enters Securities Purchase Agreement with Institutional Investor

OpenWorld announced that it has entered into a securities purchase agreement with a single institutional investor for the purchase and sale of 2,517,985 shares of common stock, together with Series A warrants to purchase up to an aggregate of 2,517,985 shares of common stock, and Series B warrants to purchase up to an aggregate of 2,517,985 shares of common stock, in a registered direct offering priced at-the-market under Nasdaq rules. Each share of common stock and accompanying warrants are being sold together at a combined purchase price of $1.39. The Series A warrants will have an exercise price of $1.53 per share, will be subject to shareholder approval, and will expire five years from the date of shareholder approval. The Series B warrants will have an exercise price of $1.39 per share, will be subject to shareholder approval, and will expire eighteen months from the date of shareholder approval. The Series B warrants will be callable by the company, subject to certain conditions, if the daily trading price of the common stock exceeds 400% of the exercise price and the average daily trading volume of the common stock exceeds $1.0 million over a period of ten consecutive trading days. Upon a call, any portion of the Series B warrants not exercised within ten trading days following the holder's receipt of the call notice will be cancelled. Maxim Group is acting as the sole placement agent for the offering.

OpenWorld Enters Non-Binding Agreement with Meridian for Up to $1 Billion Financing

OpenWorld entered into a non-binding term sheet with Meridian to establish a tokenized financing program of up to $1 billion to fund the purchase and deployment of a distributed AI computing network powered by on-site solar energy and residential battery storage. Under the term sheet, OpenWorld will serve as advisor, structuring agent and services provider for the program, and its OpenWorld Enterprise platform will finance and operate the orchestration of the network. The news follows recent OpenWorld tokenized financing announcements, including a proposed transaction to transform BeyondAI's industrial AI intellectual property rights into financeable collateral on OpenWorld's tokenization platform. Key Highlights: Meridian founded by Josh Raffaelli: Raffaelli was involved early in Tesla, Solar City, and SpaceX while at DFJ and Silver Lake. Up to $1 billion in tokenized financing: OpenWorld structures and administers the tokenized financing program on OpenWorld Enterprise. Residential battery storage, solar panels and AI computing equipment form the asset base of the structure. Meridian's role: Meridian holds purchase rights to Powerwall residential battery storage systems for the program and will own the storage assets within the structure. AI inference without new data centers: AI providers pay to run trained models on the network with no new centralized data-center sites, no additional grid interconnections and no water-based cooling. The program is intended to supply capacity to one or more leading AI inference providers. Initial deployment of 10,000 homes: Compute nodes at participating homes, with larger installations at local schools, hospitals and local commercial campuses. Hosts get paid: Homeowners receive monthly hosting payments and lower-cost electricity, with household energy needs taking priority over computing workloads. Commercial hosts receive a share of site revenue and backup power. Timeline: Initial installations scheduled to begin in the fourth quarter of 2026; first commercial site targeted for the first quarter of 2027.

OpenWorld Enters Non-Binding Term Sheet with Beyond Limits for Proposed $130M Transaction

OpenWorld entered into a non-binding term sheet with Beyond Limits relating to a proposed intellectual property-backed transaction of up to $130M. The proposed transaction would be structured through the issuance of digital tokens, with each token representing an investor's rights to payments backed by eligible BeyondAI intellectual property. The Term Sheet is non-binding, except for the provisions expressly stated to be binding, and the proposed transaction remains subject to the negotiation and execution of definitive documentation, satisfaction of applicable conditions and completion of the contemplated transaction. There can be no assurance that the proposed transaction will be consummated on the terms described or at all. The final compliant structure will be defined in the definitive agreement at close. The arrangement is intended to function as transaction backed by the eligible rights, rather than a sale of BeyondAI's technology. OpenWorld would provide transaction structuring, implementation, tokenization, technology integration, reporting infrastructure, and operational services through its OpenWorld Enterprise platform.