Bullish indicating open at $55-$60, IPO prices at $37
TOKYO - Harrison Global Holdings Inc. (NASDAQ:BLMZ), a micro-cap company with a market value of $3.67 million and showing strong momentum with a 29% gain last week, announced Wednesday a strategic partnership with South Korean company GRAPES Inc. to develop AI-powered music production and virtual entertainment across Asian markets.
The collaboration will focus on establishing K-pop and K-culture content infrastructure in Japan, China, the United States, Southeast Asia, and Taiwan, according to a press release statement.
Harrison Global, a Japanese company specializing in audio production and VTuber management, plans to integrate GRAPES’ AI music production technology with its virtual entertainment initiatives. GRAPES operates several platforms including Starlight, an online label representing over 30 indie artists, and Creator Cloud, which enables global music distribution.
"GRAPES’ innovative AI music technology is expected to create strong synergy with our global virtual entertainment strategy," said Ryoshin Nakade, co-CEO of Harrison Global Holdings.
The partnership aims to leverage GRAPES’ expertise in AI-powered music creation to enhance Harrison Global’s VTuber business while supporting GRAPES’ expansion into new international markets.
Hong Young-joo, CEO of GRAPES, described the partnership as "a turning point for expanding our AI-based music production and virtual artist IP capabilities into the global market."
The companies did not disclose financial terms of the agreement.
In other recent news, BloomZ Inc. has been granted a second 180-day extension to comply with Nasdaq’s minimum bid price requirement. This extension allows the company until December 1, 2025, to meet the $1.00 per share minimum bid price rule, necessary for continued listing on the Nasdaq Capital Market. Initially notified of non-compliance on December 2, 2024, BloomZ was unable to meet the requirement by the initial deadline of June 2, 2025. The Nasdaq Listing Qualifications Staff has determined that BloomZ is eligible for this additional compliance period. In a separate development, Harrison Global Holdings Inc. has commenced due diligence for a planned acquisition of Idealize Co., Ltd. This potential acquisition is aimed at enhancing Harrison Global’s capabilities in hosting in-person and hybrid events featuring VTubers and virtual characters. These recent developments reflect strategic moves by both companies to address ongoing challenges and expand their operational capacities.
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