Shares of Eva Live Inc rose 16.4% to $2.85 in pre-market trading after the company signed a Letter of Intent to acquire a 51% controlling stake in Airbeam Wireless Technologies for $16 million. The acquisition agreement marks a strategic expansion for Eva Live as it moves to secure a majority interest in the wireless technology firm.

Other stocks also experienced significant volatility during the pre-market session. Advanced Biomed Inc gained 59.4% to $8.02 after delivering a notice to terminate a purchase agreement with Helena Global Investment Opportunities I LTD on July 14. Baiya International Group Inc added 36% to reach $5.63, continuing a rally from the previous session.

Globavend Holdings Ltd saw its shares increase 35.5% to $6.45 after its subsidiary Loomi signed a global distribution agreement with DramaBox, a platform with over 90 million registered users. Faraday Future Intelligent Electric Inc climbed 20.4% to $0.16 following a weekly business update from its Founder and Global CEO, YT Jia.

On the downside, Digital Brands Group Inc tumbled 27.4% to $0.46 after announcing a 1-for-40 reverse stock split effective on July 24. GlucoTrack Inc fell 17.3% to $0.41, having recently announced the completion of bridge financing to support growth plans. Toppoint Holdings Inc and Growhub Ltd also declined, dropping 16.1% to $0.65 and $0.87, respectively.

BioVie Inc declined 16.1% to $1.51 after filing a prospectus for a $300 million mixed securities shelf last month. Ryde Group Ltd fell 12.8% to $0.57, while Onfolio Holdings Inc dropped 12.7% to $0.12 after announcing a binding Letter of Intent with Paramount Helium regarding a strategic combination. QumulusAI Inc fell 9% to $13.00 following its approval as an NVIDIA Cloud Partner.

Pre-Market Movers

Nasdaq has partnered with the National Bank of Georgia (NBG) to modernize the treasury and financial markets infrastructure across the country's banking sector. Five of Georgia's largest commercial banks—Bank of Georgia, TBC Bank, Liberty Bank, Terabank, and Basisbank—will adopt the Nasdaq Calypso platform under a shared, common infrastructure model. This initiative, operating under the Georgian Market Advancement Program (GMAP), represents a significant milestone in the development of Georgia's capital markets by standardizing operations and enhancing systemic oversight.

The project is coordinated in collaboration with the Georgian Financial Markets Treasuries' Association (GFMTA) and is financed by Japan through the Japan–EBRD Cooperation Fund. The shared infrastructure model allows banks to pool resources and expertise, reducing the individual burden of deploying and maintaining sophisticated treasury systems. By adopting a common platform, the banks aim to improve risk management, regulatory compliance, and operational resilience while supporting the continued growth of Georgia's financial system.

Strategic Importance for Georgia's Banking Sector

Georgia's commercial banking sector has experienced double-digit growth over the past five years, with total assets approaching USD 38 billion. As the sector expands, demand for advanced treasury infrastructure capable of supporting complex securities and derivatives markets has increased. The shared infrastructure approach provides an efficient path to achieving enterprise-grade risk management and meeting rigorous regulatory standards without the significant undertaking required for individual institutional deployments.

Nasdaq Calypso Platform Capabilities

The Nasdaq Calypso platform will be deployed as a centralized shared infrastructure, with each participating bank represented as a separate entity within the same instance. Key features include:

• Full Trade Lifecycle: Covers front-office deal capture, middle-office risk management, and back-office settlement and accounting.
• Data Segregation: Ensures each bank's data is fully segregated while operating within a common framework.
• Standardized Reporting: Enables harmonized workflows, shared market data, and collective governance.
• Single Source of Truth: Eliminates the need for multiple point solutions and reduces reconciliation overhead.

Systemic Benefits and Regulatory Oversight

Standardization delivers systemic benefits beyond individual institutions. With harmonized data and reporting across all five banks, the National Bank of Georgia gains enhanced visibility into treasury exposures, liquidity positions, and systemic risk. This supports more effective macroprudential supervision and reduces the regulatory burden on banks. The initiative also aligns Georgia with international financial standards, including ISO 20022, the global messaging standard for financial data exchange.

Participating Banks and Stakeholders

The five participating banks collectively represent the majority of Georgia's commercial banking sector assets. Their adoption of a common, internationally recognized platform marks a defining step in Georgia's emergence as a modern, well-governed financial market. The project reflects the commitment of the NBG, GFMTA, and the banking sector to building a robust, transparent financial system aligned with international best practices.