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MIL-OSI Europe: ASIA/SOUTH KOREA – Prayer for peace and reconciliation in Korea in the face of an “emotional civil war”

Source: Agenzia Fides – MIL OSI

Archdiocese of Seoul

Seoul (Agenzia Fides) – “Let us walk together on the pilgrimage toward peace with eternal hope,” said Bishop Simon Kim Joo-young, Bishop of Chuncheon and president of the Reconciliation Committee of the South Korean Bishops’ Conference, during the Mass for the Day of Prayer for Reconciliation and Unity on June 25. This date was established by the Korean bishops in 1965 to commemorate the beginning of the Korean War (1950-1953) and to pray for peace. In 2025, the 80th anniversary of Korea’s liberation from Japanese colonial rule (1945) will also be commemorated.Novenas, Masses, and prayer vigils are being held in all Korean dioceses for this day, during which Korean Catholics pray together for peace and reconciliation with their North Korean brothers and sisters. Bishop Kim Joo-young noted that South Korea is experiencing “a time of crisis and opportunity.” On the one hand, there is a crisis in bilateral North-South relations. While, in recent months, incidents such as the launching of drones, leaflets, and balloons filled with garbage exchanged between the North and South have increased hostility and mutual resentment, in Korean society “people find themselves immersed in a sea of mistrust and conflict,” he stated. “This situation is the result of ideological conflicts accumulated over a long period of division, which could be described as an emotional civil war,” he added. Thinking of opportunities, the Bishop invited us to remember how many in the past have attempted to walk the path of peace and reconciliation and have united spiritually on the Day of Prayer for Reconciliation and Unity, suggesting the use of the word “hope” as a key term to “dispel the shadow left by the division of the Korean peninsula.” The Bishop mentioned the Jubilee, recalling that the theme of the Holy Year is “Pilgrims of Hope,” and emphasized that the first step to overcoming all conflicts is precisely “not losing hope.” “After 80 years of division on the Korean peninsula, we must overcome conflicts with faith in the resurrection of Christ,” he insisted. In the Novena underway in Korean Catholic communities, each day has been dedicated to a special prayer intention. On June 25, each diocese will celebrate the Eucharist with the participation of priests, consecrated persons, and faithful. On the occasion of this Day, the Committee for Reconciliation of the Korean Bishops’ Conference also held a symposium on the theme of education for peace: this, it was said, begins with a reflection on the violence deeply rooted in oneself.“We must all hoper that we can eliminate division and conflict, prejudices and strife between the South and the North so that a new path toward peace and harmony may open up,” said Bishop Mathias Lee Yong-hoon of Suwon and president of the Catholic Bishops’ Conference of Korea, during his address at the meeting. Bishop Kim Joo-young, president of the Committee for Reconciliation, reiterated that “overcoming conflict through dialogue, listening, and cooperation is always a task for our people.” In recent weeks, the Korean Conference of Religion for Peace, which brings together seven major religious communities present in Korea, including the Catholic Church, has expressed hope for reactivating channels of dialogue between North and South Korea. The Conference recently convened the “Pilgrimage for Life and Peace in the Demilitarized Zone,” the strip of land that divides North and South Korea. At the end of a 385-kilometer walk, the pilgrims issued a call for peace: “It has been 80 years since liberation, and 80 years since the people of this land, freed from the chains of colonial rule, worked hard to create a country where they could live in peace and security.” “We walked unarmed through the demilitarized zone where the roar of weapons never ceases, and we prayed. We gathered in one place to talk about peace, sing for peace, and build peace,” the statement containing the call states. “Only through dialogue and cooperation, and only through efforts of mutual respect and coexistence, can we protect the lives and security of all citizens of the Korean Peninsula. If we allocate resources from arms purchases to dialogue and negotiation, all citizens of the Korean Peninsula will be able to live safer and more peaceful lives,” the text concludes. (PA) (Agenzia Fides, 23/6/2025)
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MIL OSI Europe News –

June 24, 2025
MIL-OSI Europe: ASIA/CHINA – A valuable study on health care for Chinese Bishops, nuns and priests

Source: Agenzia Fides – MIL OSI

xinde.org

by Marta ZhaoRome (Agenzia Fides) – On June 10, 2025, Father Peter Li Yu of the Diocese of Qiqihar, in the Chinese province of Heilongjiang, died at the age of 56. On May 3, 2025, Father Joseph Xu Cheng of the Diocese of Pingliang, Gansu Province, died at the age of 56 after a brief illness. On April 21, the anniversary of the death of Pope Francis, Father John Yang Guanglin, 55, died of respiratory failure in the Diocese of Baoding (Hebei Province). Two days later, Father Andreas Yu Zhaoming of the Archdiocese of Xi’an died of a cerebral hemorrhage at the age of 61. On June 4, Sister Maria Deng Xiuying of the Congregation of the Mother of the Lord of the Diocese of Yongnian (Handan) in Hebei Province succumbed to an illness at the age of 60.These are just a few of the names of priests and nuns who died prematurely in the first half of 2025.The detailed data, published by the Catholic news portal “xinde.org” under the direction of Fr. John Baptist Zhang, provides an overview of the health and physical condition of Chinese bishops, priests, and nuns over the past 35 years, from 1990 to 2025. The data highlights a troubling picture and points to the urgent need for direct action to ensure adequate healthcare for priests and nuns in mainland China.During the period under review, a total of 115 priests under the age of 65 died from illness or traffic accidents, many of them while en route to their pastoral duties.Behind these numbers lie stories of young men who lost their lives to illness or sudden misfortune in the prime of their lives, which they had dedicated to the apostolic work of the Church.These stories include that of Father Song Fusheng of the Diocese of Yulin in Shaanxi Province, who died in his sleep at the age of 33, after only one year and nine months of his priesthood. Father Zhua Jiahuai of the Diocese of Lanzhou (Gansu Province), who died at the age of 31, after only one year and eight months of his priesthood, while Father Li Xiufeng of the Diocese of Baoding died at the age of 37, just 49 days after his ordination. Both died in the same car accident while traveling on dangerous roads to visit distant parishes in the exercise of their priestly ministry. And we cannot forget Peter Wu Junwei, the beloved Bishop of the Apostolic Prefecture of Xinjiang/Yuncheng in the Chinese province of Shanxi, who died of a heart attack on May 10, 2022, at the age of 59.The main causes of premature death among Chinese priests and nuns are heart attacks, cerebral hemorrhages, strokes, and cancer. In rural areas, the risks associated with the need to travel long distances by car due to church duties increase. Father Ambrose Ding Yaohua (51) reports: “I often travel from one parish to another to celebrate Mass. Sometimes it is a whole day, and I have to stop halfway, and in many cases I have to sleep in the open. Even if you might be able to see the village on the other side of the river, the detours to cross the river can take almost a whole day. On several occasions, when I was in a hurry, I fell into streams or overhanging ditches while administering the last rites to the dying, and only thanks to the Lord’s protection did I survive.”Such risks are often linked to pastoral work carried out in silence and discretion, with joy and without complaint.The generations of older priests and nuns born before 1949 currently make up the majority of the clergy and nuns of the Catholic Church in China, and they will be aging in the near future. While the suffering and death of loved ones can be experienced in faith, the death of priests and nuns is still felt as a great loss in their respective parishes, especially when it occurs prematurely due to illness or accident.In the Catholic Church in China, therefore, increasing attention is being paid to issues related to the health of priests and nuns.On December 4, 2020, the so-called Chinese Bishops’ Conference and the Patriotic Association of Chinese Catholics sent a “Notice on health care and medical check-ups for priests, nuns, and Lay people working in Church institutions” to all dioceses in the country. The announcement states that dioceses should introduce or improve the system of preventive health check-ups for priests and nuns by providing regular health check-ups every year and by providing human, financial and material resources to transform the currently passive medical treatment into an active one. This aims to ensure early diagnosis of diseases, timely treatment, and disease prevention.In dioceses with greater economic resources, health monitoring systems for nuns and priests are already common practice. In the Diocese of Haimen, nuns, priests, and lay staff have been undergoing semi-annual medical check-ups for 14 years now. In major cities such as Guangzhou, Beijing, and Shanghai, health care for church staff is good. Medical checkups are often combined with annual spiritual retreats.According to the Bishop of Suzhou, Joseph Xu Honggen, “since 2006, the costs of medical care for the clergy and nuns of the Diocese of Suzhou, as well as their social, health, and retirement benefits, have been borne partly by the diocese and partly by the parish and the local administrative authority.”Joseph Gan Junqiu, Bishop of the Diocese of Guangzhou, the capital of Guangdong Province, emphasizes: “The health and health care of Church personnel are fundamental to the development of the Church. Conducting medical examinations helps to adequately monitor the health of priests and nuns, further enhance their sense of belonging and cohesion, and ensure that they can devote themselves to preaching the Gospel in good physical condition, with energy and serenity, thus contributing to the Church’s mission as the salt of the earth and the light of the world.”The health of priests and nuns also affects the conditions associated with pastoral care. According to the study by “xinde.org,” the causes of health problems among nuns and priests include excessive pastoral workload, irregular lifestyle and dietary habits, psychological stress, and lack of exercise. These are behaviors that can be changed by entrusting ourselves to the Lord and recognizing the importance of taking care of our own health in order to better serve the Church’s mission, while also reducing centralizing practices and creating space for the inclusion of lay people and women in pastoral work in an authentic synodal spirit. (Agenzia Fides, 23/6/2025)
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MIL OSI Europe News –

June 24, 2025
MIL-OSI Europe: Global Human Rights Sanctions Regime: EU imposes restrictive measures on five Syrian individuals associated with the former Assad regime for supporting crimes against humanity and for fueling sectarian violence

Source: Council of the European Union

The Council imposed restrictive measures on five persons responsible for serious human rights violations and abuses in Syria, including supporting the use of chemical weapons under the al-Assad regime, and for their involvement in the recent violence in coastal regions that resulted in many civilian casualties.

MIL OSI Europe News –

June 24, 2025
MIL-OSI United Kingdom: Enforcement car to tackle dangerous parking near schools and bus stops after hi-tech makeover

Source: City of Wolverhampton

The Mobile Enforcement Vehicle (MEV) has been fitted with high definition cameras and will patrol problem areas blighted by illegal parking such as school keep clear zones and bus stops.

It will help boost safety for pupils and pedestrians; cut traffic congestion, improve bus journey times and passenger boarding safety and act as a visible deterrent to car related crime.

The MEV has been equipped with an intelligent enforcement system using GPS to recognise where parking restrictions begin and end.

It will capture video footage of potential parking violations, which will be reviewed by an independent officer. If a contravention is confirmed, a Penalty Charge Notice (PCN), along with photographic evidence, will be issued by post within 28 days.

Councillor Qaiser Azeem, Cabinet Member for Transport at City of Wolverhampton Council, said: “The council has a duty to tackle dangerous parking, and this backs up our work through initiatives like Safer Routes to School to ensuring streets are kept free from vehicles parking dangerously.

“Creating a safer environment will in turn encourage more families to leave the car at home and walk or cycle to school, improving healthy lifestyles, cutting carbon emissions and improving air quality.

“By tackling inconsiderate parking obstructing bus stops, it will also make it safer for passengers when they are getting on and off.”

You can report problem parking in school zones and at bus stops or appeal notices via Contact Parking Services | City Of Wolverhampton Council.

MIL OSI United Kingdom –

June 24, 2025
MIL-OSI United Kingdom: Student entrepreneurs are flourishing at ARU

Source: Anglia Ruskin University

The Helmore building at ARU’s East Road campus in Cambridge

Anglia Ruskin University (ARU) is one of the leading institutions for student start-up companies in the country, according to new data from the Higher Education Statistics Agency (HESA).

A total of 123 ventures were formed by ARU students in the latest reporting period of 2023/24, placing Anglia Ruskin seventh in the UK and top across all universities in the East of England.

ARU’s Anglia Ruskin Enterprise Academy helps entrepreneurial students and recent graduates through a diverse range of support programmes, activities, opportunities, and events.

Last year, ARU became the first UK university to receive the prestigious Entrepreneurial University Award from the National Centre for Entrepreneurship in Education (NCEE).

“At ARU we make every effort to help all our students discover and explore entrepreneurship, regardless of their background or what or where they might be studying. We aim to help them develop the mindset and skills to get them started on their own personal entrepreneurial journeys and career paths.

“Starting your own business can seem daunting, but we are fortunate to have students full of ideas and ambitions. In return, we offer them the support and guidance they need to help turn their dreams into reality and make a difference.”

Professor Gary Packham, Pro Vice Chancellor for Student Enterprise and Entrepreneurship at ARU

Among the recent start-ups is The Community Classroom CIC, founded by Nirvana Yarger, a graduate from the Distance Learning MA Education with Montessori course. The social enterprise offers accessible and inclusive educational opportunities for home-educated children, helping families who need an alternative to mainstream education.

“While teaching in a mainstream primary school, I always felt that the National Curriculum and mainstream school approach did not provide the best outcomes for many children.

“I never lost my desire to be an educator. While completing my MA at ARU, I gained a deeper understanding of home education and the reasons families choose to deregister their children from school.

“I was fortunate to be chosen for the ARU Social Value Fund and I learned the fundamentals of business planning, including forecasting and market research. I was eventually awarded a £5,000 grant to launch The Community Classroom. We would not be where we are today without ARU’s support.”

Nirvana Yarger, who is a former teacher

Cosmin Diaconu, based in Cambridge, founded sustainable fashion company RetroGusto after graduating from ARU, and has built a collaborative network, involving ARU graduates from various disciplines, including graphic design, interior design, and marketing, all united by their passion for sustainability and independent businesses.

Cosmin’s participation in ARU’s ThinkBigARU pitching competition last year helped him secure valuable partnerships, and his work has since featured in publications such as Varsity, Velvet Magazine, and GAY45, reflecting his commitment to diverse representation in fashion.

“The Anglia Ruskin Enterprise Academy gave me the support and tools to grow my business with more clarity and confidence.

“The feedback from the pitch competition was invaluable, and their seminars offered practical insights from successful entrepreneurs that continue to shape how I develop my brand and practice.”

BA (Hons) Fashion Design graduate Cosmin Diaconu

MIL OSI United Kingdom –

June 24, 2025
MIL-OSI United Kingdom: Feedback helps shape future of North Yorkshire pharmacy services

Source: City of York

Residents in York and North Yorkshire have helped to shape the future of pharmacy services across the county.

Public health teams from City of York Council and North Yorkshire Council are thanking residents and partner organisations who earlier this year shared their views on whether the locations, accessibility and services provided by pharmacies are adequate.

Plans have since been drawn up to develop the services in the future using feedback from the consultation, which was incorporated into the Pharmaceutical Needs Assessment (PNA). Now A further 60-day consultation gets underway from tomorrow, asking for views on the final proposals.

Have your say here between Friday 20 June and Tuesday 19 August 2025.

Following this consultation, the Humber and North Yorkshire Integrated Care Board (ICB) will decide how pharmacy services are commissioned across York and North Yorkshire.

All Health and Wellbeing Boards are required to produce a report at least every three years to ensure the best decisions about pharmacy services are made for communities.

The feedback received so far has helped to influence decisions on the location of pharmacies, their opening hours and the services provided, ranging from dispensing prescriptions to providing medication counselling.

Cllr Lucy Steels-Walshaw, executive member for health, wellbeing and adult social care at City of York Council, said:

We’d like to thank everyone for having their say. Pharmacies are an integral part of healthcare provision across our communities, so we really wanted to understand if current services are meeting the needs of all York residents.

“The findings from the survey have helped us to understand where pharmacies are already performing well and identify potential gaps in services, as well as those services that need improvement. This will help the NHS consider the public’s views in making sure everyone can get access to the right pharmacy services in the right places.”

North Yorkshire Council’s executive member for health and adult services, Cllr Michael Harrison, said:

Pharmacy services play a vital role in supporting health and wellbeing with pharmacies themselves often found in the heart of our communities.

“Good access to the right services at the right time is so important in helping to address health inequalities.”

The questionnaire is anonymous and confidential and should only take 10 to 15 minutes to complete.

North Yorkshire Council’s director of public health, Louise Wallace, and City of York Council’s director of public health, Peter Roderick, said:

Local pharmacies play a pivotal role in our county by providing healthcare and support to individuals, families and carers of all ages.

“All of the feedback, combined with the expertise of health professionals, has really helped the research shape the futures of pharmacies used by residents in York and North Yorkshire.

“Please consider reviewing the final documents and completing the survey which can be found on our website.”

The survey can be accessed at www.york.gov.uk/Consultations

MIL OSI United Kingdom –

June 24, 2025
MIL-OSI United Kingdom: New residents parking scheme for Woodgate area

Source: City of Leicester

A NEW residents parking scheme is to be introduced in a Leicester neighbourhood from next month.

Leicester City Council will introduce the permit-only parking scheme in the Woodgate area, close to the city centre, to help address local concerns about the number of commuter and business vehicles using residential streets for free all-day parking.

The new scheme will include mainly terraced streets adjoining Woodgate and part of Fosse Road North. In total, around 700 homes will be included in the scheme.

It has been designed in response to concerns raised by residents and Fosse ward councillors over persistent parking problems and follows extensive local consultation.

From Tuesday 1 July, most parking in the streets covered by the new scheme will only be available to vehicle owners who have a valid resident’s, visitor’s or business parking permit.

Short stay, pay & display or pay by phone parking bays where customers can park will also be provided to support local businesses.

Eight streets off Woodgate and Fosse Road North will be included in the scheme. These include Balfour Street, Marshall Street, Bassett Street, Dunton Street, Rugby Street, Repton Street, Central Road, and Bonchurch Street.

Part of Fosse Road North, between Bonchurch Street and the Fiveways junction, and Woodgate, between its junctions with Balfour Street and Dunton Street, will also be covered by the new scheme.

Assistant city mayor Cllr Geoff Whittle, who leads on environment and transport, said: “We’ve seen in other parts of the city how the introduction of residents’ parking schemes can be an effective way of tackling parking problems in local neighbourhoods and freeing up spaces for the people who live there.

“This latest scheme, in the Woodgate area, will address concerns raised by local councillors and residents about city centre commuter parking. By introducing permit only parking, we can help make it easier for residents to find available parking close to their homes, and new customer parking bays will also mean local businesses don’t suffer.”

Under the city council’s current parking permit scheme, charges will be £35 per year for a residents’ permit; £100 per year for a business permit tied to a particular vehicle, and £150 for a business permit that can be transferred between vehicles. Visitor permits are available for residents, at either £40 for a year (limited to one per household), or £2 for 24-hours. Permits for landlords and carers are also available. Vehicles displaying a blue badge will be exempt from the permit holders only restriction.

There are currently 14 residents parking schemes in operation across Leicester.

MIL OSI United Kingdom –

June 24, 2025
MIL-OSI Russia: Former head of China’s Drug Enforcement Bureau sentenced to death with reprieve for bribery

Translation. Region: Russian Federal

Source: People’s Republic of China in Russian – People’s Republic of China in Russian –

Source: People’s Republic of China – State Council News

FUZHOU, June 23 (Xinhua) — Liu Yuejin, a former member of the 13th National Committee of the Chinese People’s Political Consultative Conference and former head of the Drug Control Bureau of the Ministry of Public Security (MPS), was sentenced to death with a two-year reprieve on Monday for bribery.

The verdict was handed down by the Intermediate People’s Court of Fuzhou City, Fujian Province, East China, following an open court hearing. -0-

MIL OSI Russia News –

June 24, 2025
MIL-OSI Russia: China launches large database of medicinal plant components to promote TCM innovation

Translation. Region: Russian Federal

Source: People’s Republic of China in Russian – People’s Republic of China in Russian –

Source: People’s Republic of China – State Council News

WUHAN, June 23 (Xinhua) — China has launched a large database of medicinal plant components in central China’s Hubei Province, marking significant progress in technological innovation in the traditional Chinese medicine (TCM) sector.

The database, which was developed by a team of specialists from the Hubei Shizhen Laboratory, is the largest of its kind in Central China.

Wang Qi, head of the Hubei Shizhen Laboratory, said at a presentation Sunday in Wuhan, capital of Hubei Province, that the database is designed to stimulate the transition of medicinal plant research “from experience-based practice to science-based innovation” by creating an accurate “digital portrait” of medicinal resources in central China.

The head of the development team of the said database, Liu Yifei, spoke about the scale and capabilities of the database.

According to him, the database, which contains more than 20 million records, combines information from ancient works such as Shennong Bencaojing (Shen Nong’s Treatise on Roots and Herbs), Bencao Gangmu (Compendium of Medicinal Substances), as well as modern authoritative collections of TCM, including data on multidimensional medicine, including genomics, transcriptomics, metabolomics and proteomics.

It systematically catalogues the widely used medicinal resources in Central China and also compiles a comprehensive collection of natural components of various kinds.

“This creates a foundation for the development of new TCM drugs and health products,” Liu Yifei emphasized. -0-

MIL OSI Russia News –

June 24, 2025
MIL-OSI Russia: China’s installed power capacity up 18.8 percent in five months

Translation. Region: Russian Federal

Source: People’s Republic of China in Russian – People’s Republic of China in Russian –

Source: People’s Republic of China – State Council News

BEIJING, June 23 (Xinhua) — China’s total installed capacity of power plants stood at 3.61 billion kW by the end of May 2025, up 18.8 percent year on year, the National Energy Administration said Monday.

In particular, according to the agency, solar power plants accounted for 1.08 billion kW, with an increase of 56.9 percent. In the wind energy sector, growth was 23.1 percent, reaching 570 million kW.

In the five months, China’s major power generating companies invested 257.8 billion yuan (about $36 billion) in power generation projects, up 0.4 percent year-on-year. Meanwhile, investment in power grid projects rose 19.8 percent to 204 billion yuan. -0-

MIL OSI Russia News –

June 24, 2025
MIL-OSI Russia: Iran Launches New Wave of Missile, Drone Attacks on Israel

Translation. Region: Russian Federal

Source: People’s Republic of China in Russian – People’s Republic of China in Russian –

Source: People’s Republic of China – State Council News

TEHRAN/JERUSALEM, June 23 (Xinhua) — Iran launched a new wave of missile and drone attacks on Israel on Monday morning, Iran’s state broadcaster IRIB reported.

According to the report, Iran used a combination of solid and liquid fuel missiles and special tactics to render Israel’s air defenses ineffective in the attacks.

Earlier on Monday, Iran’s military said it had launched dozens of kamikaze drones armed with warheads at Israel.

The Israeli military confirmed in a statement that Iran launched new missile strikes on Israel on Monday morning.

About 10 rockets were fired and sirens sounded from northern Israel to the southern border with the Gaza Strip, forcing millions of Israelis to shelter for about an hour, the statement said.

Most of the rockets were intercepted, but three fell in Israeli territory, and no casualties were reported. –0–

MIL OSI Russia News –

June 24, 2025
MIL-OSI: High Arctic Overseas Announces Executive Appointment

Source: GlobeNewswire (MIL-OSI)

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAW

CALGARY, Alberta, June 23, 2025 (GLOBE NEWSWIRE) — High Arctic Overseas Holdings Corp. (TSXV: HOH) (“High Arctic Overseas” or the “Corporation”) is pleased to announce the appointment of Matthew Cocks as Chief Financial Officer (“CFO”) effective June 24, 2025, subject to TSX Venture Exchange approval.

Mr. Cocks initially joined the Corporation in October 2023 as VP-Finance responsible for the PNG Business to provide financial leadership and strengthen the finance and accounting processes in preparation of the spin-out from High Arctic Energy Services Inc.

Mr. Cocks has over 20 years of experience in broad financial leadership positions including substantial periods in senior and executive roles of private and public companies, including significant experience in resources, construction, manufacturing and logistics businesses. Mr. Cocks is a Chartered Accountant with an extensive background in financial stewardship, strategic planning and analysis, change and risk management, controls design and implementation and building and developing international finance teams.

Mike Maguire, Chief Executive Officer, stated: “I am pleased to welcome Matt to the executive management team at High Arctic. Matt’s 20-plus years of wide-ranging financial management expertise in international markets and in services to the extractive industries will be invaluable to the Corporation as we look to diversify and expand our PNG business. I would also like to thank Lonn Bate for his guidance and support as Interim CFO since the spin-out and establishment of the Corporation. Lonn can now focus fully on his duties as CFO of High Arctic Energy Services Inc.”

About High Arctic ‎Overseas Holdings Corp.

High Arctic Overseas is a market leader in Papua New Guinea providing drilling and specialized well completion services, manpower solutions and supplies rental equipment including rig matting, camps, material handling and drilling support equipment.

For further information, please contact:
Mike Maguire
Chief Executive Officer
1.587.320.1301

High Arctic Overseas Holdings Corp.
Suite 2350, 330–5th Avenue SW
Calgary, Alberta, Canada T2P 0L4
www.higharctic.com
Email: info@higharctic.com

Some of the statements in this press release, including those relating to TSXV Venture Exchange approval of the appointment of a new CFO, and the diversification and expansion of the Corporation’s business, that are predictive in nature, that depend upon or refer to future events or conditions, or that include words such as “expects”, “anticipates”, “intends”, “plans”, “believes”, “estimates”, or similar expressions, are forward-looking statements within the meaning of applicable Canadian securities laws. Forward-looking statements include, without limitation, the information concerning possible or assumed future results of operations of the Corporation. These statements are not historical facts but instead represent only the Corporation’s expectations, estimates, and projections regarding future events. By their nature, forward-looking statements require us to make assumptions and are subject to inherent risks and uncertainties. We caution readers of this news release not to place undue reliance on our forward-looking statements as a number of factors could cause actual results or conditions to differ materially from current expectations. Please refer to the risks set forth in the Corporation’s most recent annual MD&A and the Corporation’s continuous disclosure documents that can be found on SEDAR+ at www.sedarplus.ca. The Corporation does not intend, and disclaims any obligation, except as required by law, to update or revise any forward-looking statements whether as a result of new information, future events or otherwise.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.‎

The MIL Network –

June 24, 2025
MIL-OSI: Bitcoin Solaris Confirms Major Exchange Listing Ahead of Public Launch
Source: GlobeNewswire (MIL-OSI)

TALLINN, Estonia, June 23, 2025 (GLOBE NEWSWIRE) — For months, the crypto market has been searching for clarity. While most coins rely on vague promises or recycled narratives, one project is quietly building momentum with precision, community strength, and now, a major exchange catalyst that could unlock a wave of liquidity, Bitcoin Solaris (BTC-S). With one of the most explosive presales of the year already underway and a confirmed LBank listing on the horizon, BTC-S is emerging as one of the most strategic altcoin opportunities heading into mid-2025.

LBank Listing: The Spark That Changes the Trajectory

Bitcoin Solaris has officially confirmed it will be listed on LBank, one of the most globally active centralized exchanges. For those unfamiliar, LBank is known for offering liquidity to high-growth projects that are on the verge of breaking into the mainstream. Its user base, particularly strong in Asia and Latin America, is large, engaged, and responsive to promising tokens with well-built fundamentals.

The LBank listing isn’t just a technical step; it’s a market-defining move. It brings:
- Immediate liquidity for early BTC-S holders
- Exposure to millions of new users who missed the presale
- Deeper market depth and trading volume potential
- A psychological shift from “upcoming project” to “active coin with utility”
More importantly, it sets the stage for Bitcoin Solaris to enter the open market at $20 per token, which is more than double the current presale phase price of $9. The window to enter before this transition is narrowing fast.

Introducing Bitcoin Solaris: Designed for Scale, Speed, and Real Usage

What makes Bitcoin Solaris stand out isn’t just the hype or price projections. It’s the architecture. BTC-S is a dual-layer blockchain combining Proof-of-Work on the base layer for raw security with Delegated Proof-of-Stake on the Solaris Layer for blazing-fast transactions and scalability.

This hybrid structure allows Bitcoin Solaris to hit:
- 10,000+ transactions per second
- 2-second finality on smart contracts
- 99.95% less energy use compared to Bitcoin
- High validator rotation and slashing mechanisms for security
It doesn’t stop at performance. BTC-S is also built for inclusivity. Mining can be done directly through the upcoming Solaris Nova App, turning everyday smartphones, laptops, or desktops into mining devices.

And with the LBank listing near, this daily-earned BTC-S can soon be traded instantly, giving miners real-time liquidity, a feature rarely available in new ecosystems.

Roadmap: This Isn’t Just Talk, It’s Execution

While many tokens stall after the presale, Bitcoin Solaris is moving forward at full speed. The development roadmap provides a clear and credible path to launch and beyond.

Here’s a look at what’s unfolding:
- Phase 1 (Q2–Q4 2025): Token generation, presale launch, protocol development, and global community building
- Phase 2 (Q1 2026): Testnet deployment, wallet upgrades, dual-layer optimization, and Solana integration
- Phase 3 (Q2 2026): Final mainnet testing, centralized and decentralized exchange listings, and dev toolkits
- Phase 4 (Q3 2026): Mainnet launch, AI-powered Solaris Nova App release, and advanced governance
- Phases 5–8 (2026–2028): Mining Power Marketplace, enterprise integration, DEX development, and global expansion via blockchain public services and AI-powered upgrades
Every part of the roadmap is designed to not only support BTC-S as a token but also grow it into a full-scale DeFi-capable infrastructure.

The Future of DeFi Doesn’t Run on Hype, It Runs on BTC-S

Presale: Final Phases Before the $20 Public Launch

The presale is more than 80% complete, and momentum is accelerating as the LBank listing draws near. Now in Phase 9, Bitcoin Solaris is rapidly closing in on its final stage.

Here’s what buyers need to know:
- Current Price: $9
- Next Phase: $10
- Confirmed Launch Price: $20
- Bonus: 7% for current participants
- Over 12,300+ buyers have already joined
- More than $5 million raised
- Less than 6 weeks remain
This isn’t a long-drawn-out fundraising round. The Bitcoin Solaris presale lasts only 90 days, making it one of the shortest and most effective in the space. It’s structured to finish strong and go live fast. And with the LBank listing just ahead, the urgency to buy in at sub-$10 levels is growing daily.

What Influencers Are Saying

The market isn’t the only one taking notice. Leading crypto analysts and influencers have started to cover Bitcoin Solaris, and they’re excited.
- Crypto Vlog: Focused on BTC-S’s mining design and mobile accessibility
- Crypto League: Highlighted the LBank listing and performance metrics
- Crypto Show: Called it “one of the hottest presales launching this year”
These independent reviews continue to validate what early supporters already believe: Bitcoin Solaris is the real deal.

Final Verdict

The LBank listing is more than a milestone. It’s the start of Bitcoin Solaris becoming a publicly traded, globally accessible asset. As traders prepare to buy BTC-S on open markets at $20, presale participants still have a short window to enter at $9 and capture up to 150% ROI.

Backed by a powerful roadmap, real technology, and a mining system designed for mass adoption, Bitcoin Solaris isn’t just a presale story. It’s shaping up to be the next major launch of 2025.

For more information on Bitcoin Solaris:
Website: https://www.bitcoinsolaris.com/
Telegram: https://t.me/Bitcoinsolaris
X: https://x.com/BitcoinSolaris

Media Contact:
Xander Levine
press@bitcoinsolaris.com
Press Kit: Available upon request

Disclaimer: This is a paid post and is provided by Bitcoin Solaris. The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. We do not guarantee any claims, statements, or promises made in this article. This content is for informational purposes only and should not be considered financial, investment, or trading advice. Investing in crypto and mining-related opportunities involves significant risks, including the potential loss of capital. It is possible to lose all your capital. These products may not be suitable for everyone, and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. However, due to the inherently speculative nature of the blockchain sector—including cryptocurrency, NFTs, and mining—complete accuracy cannot always be guaranteed. Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release. In the event of any legal claims or charges against this article, we accept no liability or responsibility. Globenewswire does not endorse any content on this page.

Legal Disclaimer: This media platform provides the content of this article on an “as-is” basis, without any warranties or representations of any kind, express or implied. We assume no responsibility for any inaccuracies, errors, or omissions. We do not assume any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information presented herein. Any concerns, complaints, or copyright issues related to this article should be directed to the content provider mentioned above.

Photos accompanying this announcement are available at:

https://www.globenewswire.com/NewsRoom/AttachmentNg/678f7c64-68e6-4a48-b17a-71d89126213c

https://www.globenewswire.com/NewsRoom/AttachmentNg/ad5cfb07-e488-41ae-94e4-6d72f16a634a

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https://www.globenewswire.com/NewsRoom/AttachmentNg/64ed1b17-3433-44f6-8919-0878a09733c9

The MIL Network –
June 24, 2025
MIL-OSI: CERo Therapeutics Holdings, Inc. Announces First Patient Completes Dose-Limiting Toxicity Observation Period with No Reported DLTs in Phase 1 Trial of CER-1236

Source: GlobeNewswire (MIL-OSI)

SOUTH SAN FRANSCISCO, Calif., June 23, 2025 (GLOBE NEWSWIRE) — CERo Therapeutics Holdings, Inc. (Nasdaq: CERO) (“CERo” or the “Company”), an immunotherapy company developing the next generation of engineered T cell therapeutics targeting TIM4L with phagocytic mechanisms, today announces the completion of the initial evaluation of the first patient in its Phase 1 clinical trial of lead compound CER-1236. Following an evaluation from the trial’s Dose Escalation Safety Committee, preliminary results show that the patient demonstrated no dose limiting toxicity. The Company anticipates dosing the second patient in the cohort shortly.

CERo CMO Robert Sikorski MD., PhD. noted, “The first patient experienced no dose-limiting toxicities during the planned 28-day observation period following the successful manufacturing of CER-1236 from an AML patient. A second AML patient has been identified and has provided informed consent for participation in the trial.”

CERo CEO Chris Ehrlich added, “Given that CER-1236 is a first-in-class biologic targeting a previously unexplored pathway, each milestone reached is significant. We remain focused on progressing methodically through each phase of this trial and are preparing to initiate our second trial of CER-1236 in solid tumors later this year. We continue to believe CER-1236 holds significant potential as a novel approach in cancer therapy and look forward to providing future updates.”

CER-1236 is currently in Phase 1 clinical trials for AML. The first-in-human, multi-center, open label, Phase 1/1b study, titled, “Phase 1/1b First-in-human Study of Autologous Chimeric Engulfment Receptor T-Cell CER-1236 in Patients With Acute Myeloid Leukemia (CertainT-1),” is designed to evaluate the safety and preliminary efficacy of CER-1236 in patients with acute myeloid leukemia that is either relapsed/refractory, or in remission with measurable residual disease, or newly diagnosed patients with TP53 mutated MDS/AML or AML. The two-part study has begun with dose escalation to determine highest tolerated dose and recommended dose for Phase 2, followed by an expansion phase to evaluate safety and efficacy. Primary outcome measures include incidence of adverse events (AEs) and serious adverse events (SAEs), incidence of dose limited toxicities and estimation of overall response rate (ORR), complete response (CR), composite complete response (cCR), and measurable residual disease (MRD). Secondary outcome measures include pharmacokinetics (PK).

About CERo Therapeutics Holdings, Inc.

CERo is an innovative immunotherapy company advancing the development of next generation engineered T cell therapeutics for the treatment of cancer. Its proprietary approach to T cell engineering, which enables it to integrate certain desirable characteristics of both innate and adaptive immunity into a single therapeutic construct, is designed to engage the body’s full immune repertoire to achieve optimized cancer therapy. This novel cellular immunotherapy platform is expected to redirect patient-derived T cells to eliminate tumors by building in engulfment pathways that employ phagocytic mechanisms to destroy cancer cells, creating what CERo refers to as Chimeric Engulfment Receptor T cells (“CER-T”). CERo believes that this differentiated activity of CER-T cells could afford greater therapeutic application than currently approved chimeric antigen receptor (“CAR-T”) cell therapy. In April 2025, CERo initiated clinical trials for its lead product candidate, CER-1236, targeting TIM4L in both hematologic malignancies and solid tumors

Forward-Looking Statements

This communication contains statements that are forward-looking and as such are not historical facts. This includes, without limitation, statements regarding the financial position, business strategy and the plans and objectives of management for future operations of CERo and CERo’s ability to regain compliance with Nasdaq continued listing standards. These statements constitute projections, forecasts and forward-looking statements, and are not guarantees of performance. Such statements can be identified by the fact that they do not relate strictly to historical or current facts. When used in this communication, words such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “strive,” “would” and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. When CERo discusses its strategies or plans, it is making projections, forecasts or forward-looking statements. Such statements are based on the beliefs of, as well as assumptions made by and information currently available to, CERo’s management.

Actual results could differ from those implied by the forward-looking statements in this communication. Certain risks that could cause actual results to differ are set forth in CERo’s filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K, filed on April 15, 2025 and its subsequent Quarterly Reports on Form 10-Q, and the documents incorporated by reference therein. The risks described in CERo’s filings with the Securities and Exchange Commission are not exhaustive. New risk factors emerge from time to time, and it is not possible to predict all such risk factors, nor can CERo assess the impact of all such risk factors on its business, 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. Forward-looking statements are not guarantees of performance. You should not put undue reliance on these statements, which speak only as of the date hereof. All forward-looking statements made by CERo or persons acting on its behalf are expressly qualified in their entirety by the foregoing cautionary statements. CERo undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

Contact:
Chris Ehrlich
Chief Executive Officer
cehrlich@cero.bio

Investors:
CORE IR
investors@cero.bio

The MIL Network –

June 24, 2025
MIL-OSI: Gate’s Nearly 70% MoM Growth in Derivatives Volume Tops Global Charts, Featured in CoinDesk’s Latest Report

Source: GlobeNewswire (MIL-OSI)

PANAMA CITY, June 23, 2025 (GLOBE NEWSWIRE) — Gate has once again demonstrated its strong momentum and competitive edge in the crypto trading landscape, as highlighted in CoinDesk’s latest 2025 Exchange Review. The report, recognized as one of the most authoritative and data-driven assessments in the industry, named Gate as the best-performing derivatives exchange by month-on-month growth.

According to CoinDesk Data, Gate’s derivatives trading volume surged by 69.9% in May, reaching $264 billion, the highest growth rate among all tracked platforms. This exceptional performance led to a 1.20% increase in market share, bringing Gate’s total derivatives market share to 4.13%, surpassing several long-established competitors. This milestone reinforces Gate’s position as a rising leader in the derivatives space, driven by its advanced trading infrastructure, deep liquidity, and commitment to providing a seamless user experience for both retail and institutional users.

CoinDesk also noted that Gate was among the few exchanges that significantly climbed in the latest Exchange Benchmark rankings, alongside Binance and Kraken. Gate now ranks among the top three exchanges in the Derivatives Benchmark, scoring 82.6. Gate’s continued growth reflects its long-term strategy of innovation, product diversification, and global expansion. As one of the few exchanges to consistently grow both trading volume and market share, Gate is proving its ability to thrive in a competitive, evolving market environment.

In addition to its trading performance, CoinDesk also recognized Gate as one of the top four global exchanges by total reserves. As of June 2025, Gate’s reserves reached $10.453 billion, covering more than 350 different user assets. The overall reserve ratio stood at 123.09%, with an excess reserve of $1.96 billion. Gate has long been a pioneer in reserve transparency and remains the first exchange to commit to 100% reserve holdings. Notably, its BTC reserve ratio reached 138.7%, while ETH and USDT reserves stood at 113.06% and 112.95% respectively. Other key assets such as GT, DOGE, and XRP also far exceeded the 100% benchmark, reinforcing Gate’s reputation for financial soundness and user protection. From being one of the first to commit to 100% reserves to introducing zero-knowledge proofs, Gate has consistently driven innovation at the intersection of technology and security.

According to the CoinDesk report, Gate’s industry influence has also expanded through its high-profile partnership with Oracle Red Bull Racing. Beginning with the 2025 Formula 1 season, the Gate brand is featured prominently on the team’s car, race suits, and the helmet of four-time World Champion Max Verstappen. The partnership represents a bold cross-industry collaboration that blends the speed and precision of Formula 1 with the innovation and momentum of Web3. To commemorate this alliance, Gate launched a co-branded digital collectibles campaign, “IN THE MOMENT”, celebrating historic highlights from all 24 race weekends with immersive, on-chain experiences. This marks a flagship entry into sports-themed digital assets and further exemplifies Gate’s commitment to bridging Web2 and Web3 culture.

May was also a landmark month in Gate’s brand evolution. The exchange officially launched its new global domain, Gate.com, and unveiled a redesigned brand logo, marking a significant milestone in its journey to become the next-generation crypto exchange. This strategic rebranding initiative, introduced shortly after Gate’s 12th anniversary celebrations, reflects the platform’s renewed vision: to move beyond technical excellence and into global innovation leadership. As part of this transition, Gate also introduced its new Chinese name, “大门” (Damen), symbolizing a welcoming gateway to the future of crypto for users worldwide. The new domain and visual identity aim to unify Gate’s global brand presence and further enhance user trust across all markets.

Gate’s strong performance across multiple metrics in the report, combined with sustained growth in trading volume, industry-leading reserve transparency, a revitalized global brand identity, and an expanding global presence, solidifies its position as one of the most trusted and forward-looking players in the crypto industry. CoinDesk’s latest recognition underscores Gate’s remarkable achievements and reinforces its commitment to shaping the future of digital finance as a true industry leader.

About Gate
Gate, founded in 2013 by Dr. Han, is one of the world’s earliest cryptocurrency exchanges. The platform serves over 27 million users with 3,600+ digital assets and pioneered the industry’s first 100% proof-of-reserves. Beyond core trading services, Gate’s ecosystem includes Gate Wallet, Gate Ventures, and other innovative solutions, while its global partnerships extend to top-tier sports brands like Oracle Red Bull Racing in F1 and Inter.
For more information, please visit: Website | X | Telegram | LinkedIn | Instagram | YouTube

Media Contact:
Loyo at loyo@gate.com

Disclaimer:
This content does not constitute an offer, solicitation, or recommendation. You should always seek independent professional advice before making investment decisions. Gate may restrict or prohibit certain services in specific jurisdictions. For more information, please read the User Agreement via https://www.gate.com/user-agreement.

Disclaimer: This content is provided by Gate. The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. We do not guarantee any claims, statements, or promises made in this article. This content is for informational purposes only and should not be considered financial, investment, or trading advice.Investing in crypto and mining-related opportunities involves significant risks, including the potential loss of capital. It is possible to lose all your capital. These products may not be suitable for everyone, and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. However, due to the inherently speculative nature of the blockchain sector—including cryptocurrency, NFTs, and mining—complete accuracy cannot always be guaranteed.Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release. In the event of any legal claims or charges against this article, we accept no liability or responsibility. Globenewswire does not endorse any content on this page.

Legal Disclaimer: This media platform provides the content of this article on an “as-is” basis, without any warranties or representations of any kind, express or implied. We assume no responsibility for any inaccuracies, errors, or omissions. We do not assume any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information presented herein. Any concerns, complaints, or copyright issues related to this article should be directed to the content provider mentioned above.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/7516b483-d894-4566-82b3-80f5a6fbf1f6

The MIL Network –

June 24, 2025
MIL-OSI Africa: Valor Hospitality Partners signs three deals in Namibia, expanding its continental footprint

Valor Hospitality Partners (www.ValorHospitality.com), a global leader in full-service hospitality solutions, today announced the signing of three new hotel management contracts in Namibia. This follows an announcement earlier this week of two new properties in West Africa that’s been added to its portfolio on the continent, signed at the Future Hospitality Summit (FHS) in Cape Town this week.

The three deals are all with IHG Hotels & Resorts, one of the world’s leading hospitality companies, to manage three new-build properties in Namibia, namely the Vignette Collection Dunes Resort Swakopmund making its debut in the country, Holiday Inn Walvis Bay, and voco Windhoek CBD.

The debut of a Vignette Collection property in Namibia bears testament to the country’s growing appeal as a destination of choice for the discerning traveller.

The combined capital expenditure for the development and establishment of the three new-build properties in the Southern African country is a significant R1.3 billion.

Not only do these agreements strengthen Valor’s relationship with IHG in the region, it also expands their footprint across the continent and attests to the growing preference for fully-integrated hospitality management services.

Valor will oversee the successful opening and management of each of the Namibian properties, drawing on their deep global experience to bring a best-in-class offering to the agreement.

Michael Pownall, Co-Founder and Managing Partner at Valor Hospitality Partners, says the signing of these agreements reflect not only confidence in the continent’s hospitality sector but also its appreciation for the value fully-integrated management services offer. “These partnerships are about value first and foremost, and how that value enhances the entire sector for all stakeholders. Of course we’re also immensely pleased – and proud – to grow and diversify our regional presence even further” he says.

Valor brings global insights and strategy to the table. Combined with their deep understanding of how to blend the big-picture with regional and cultural nuances in each location, it’s an approach that ensures global best-in-class management and operational practices at every level.

Haitham Mattar, Managing Director, IMEA, IHG Hotels & Resorts , said: ” Namibia is one of the most promising growth markets in southern Africa, and we are proud to enhance our presence in the country with three distinctive brands. With strategic locations in Swakopmund, Walvis Bay, and Windhoek, these hotels will cater to the full spectrum of traveller needs, from lifestyle seekers and leisure guests to business executives. This deal shows our ambition to expand our footprint in high-potential African markets through strong local partnerships and a diversified brand portfolio.

He added: Valor Hospitality Partners is one of IHG’s trusted partners in the region and is a strategic choice for managing these properties in Namibia. We have every confidence in the value that add and look forward to working with them as we enhance our presence in the country.

Reagon Graig, Managing Director Cadence Capital added: “Our collaboration with IHG Hotels & Resorts marks a major milestone for Namibia’s growing hospitality sector. Also commenting on the transaction, Rodrigo Pimenta, Managing Director, Santiago Property Developers said: “The development of these three hotels aligns perfectly with our vision to support the country’s tourism and business infrastructure, while creating high-quality, globally recognised destinations. We look forward to welcoming guests to these hotels and contributing to Namibia’s continued growth and appeal on the world stage.

The magnitude of these deals reinforce Valor’s strategic growth on the continent and its ongoing commitment to building world-class and sustainable hospitality operations that embody the brand’s “whole world of local” value ethos.

Distributed by APO Group on behalf of Valor Hospitality.

For media inquiries and high-resolution images, please contact:
Delia de Villiers
delia@phoenixcollective.world
+27 73 710 3000

Valor Hospitality Social Media:
Facebook: https://apo-opa.co/46aDJbt
LinkedIn: https://apo-opa.co/4kSsEQL
For more information about Valor Hospitality and its innovative approach to hotel management and franchising, visit www.ValorHospitality.com.

ABOUT VALOR HOSPITALITY PARTNERS:
Valor Hospitality Partners (https://apo-opa.co/3TzaXd1) is a leading global full-service hotel underwriting, acquisition, development, management, and asset management company. With over 90 hospitality projects in its international portfolio, Valor Hospitality offers an array of services, including site selection, product and brand selection, entitlements, financing solutions, conceptual design, construction and project management, procurement, technical services, pre-opening, and operations management. Valor also provides consulting services on a wide range of project scenarios, including working with new or existing ownership groups on reviewing site selection, assessing feasibility studies and project budgets, compiling project budgets, and underwriting. For more information, visit www.ValorHospitality.com

MIL OSI Africa –

June 24, 2025
MIL-OSI Europe: School children discuss peace and security at closing of ‘NATO and the Netherlands: a Journey’

Source: Government of the Netherlands

News item | 23-06-2025 | 14:11

On Sunday 22 June, ‘NATO and the Netherlands: a Journey’ celebrated its conclusion at the World Forum in The Hague. On this final day, under the guidance of the political engagement organisation De Kiesmannen, around 150 primary and secondary school children discussed peace, security and the role of NATO. Minister of Foreign Affairs Caspar Veldkamp and Chief of Defence General Onno Eichelsheim were present for the event. Several members of the municipal executive of Madurodam, which consists entirely of young people, were also there.

Enlarge image
Photo: Ministry of Foreign Affairs / Phil Nijhuis

‘NAVO and the Netherlands: a Journey’ started in January 2025 in The Hague and travelled to nine cities across the country. At each location, local residents were engaged in discussions about NATO and the importance of international cooperation to our security. This was done through theatre and educational programmes, a travelling photo exhibition, debates and serious gaming.

The goal was to encourage people to think about NATO and current security topics in an accessible way. The event was organised by the Ministry of Foreign Affairs and the Ministry of Defence, with cooperation from the Netherlands Atlantic Association, the Clingendael Institute and The Hague Centre for Strategic Studies.

Enlarge image
Minister of Foreign Affairs of the Netherlands, Caspar Veldkamp. | Photo: Ministry of Foreign Affairs / Phil Nijhuis

Raising awareness about peace and security

During the closing session at the World Forum, De Kiesmannen used interviews and dilemmas to get young people thinking about war, peace, fake news and cyber threats. The focus of the day was on raising awareness – what does security mean today and what role can young people play in it? As one school child put it: ‘It’s bad that there’s so much insecurity in the world today. I hope that we can still have peace in the Netherlands for a long time.’

In his welcome address, foreign minister Caspar Veldkamp emphasised the importance of being alert and working together:
‘We’ve enjoyed a long period of peace, but the reality is that peace and security in Europe can no longer be taken for granted. And it’s going to be a challenge to keep our country and Europe secure.’

Enlarge image
General Eichelsheim | Photo: Ministry of Foreign Affairs / Phil Nijhuis

Interview with General Eichelsheim

General Onno Eichelsheim talked with the young people present and answered questions about NATO and ongoing conflicts in the world. He stressed the importance of the alliance for the Netherlands:

‘It’s concerning that military interventions increasingly appear to pay off. Throughout the world boundaries are being pushed and overstepped. That’s why it’s more important than ever to work together in NATO to become stronger. By doing so, not only can we protect the international legal order, but our own security as well.’

Growing awareness about NATO

Dylan Ahern, from De Kiesmannen, has noticed an increase in awareness about NATO since the start of their programme in April:
‘What stands out is that a lot of young people support strengthening our armed forces. They follow the news with a critical eye and ask questions. The conversation about freedom and security is more relevant than ever.’

The closing programme marks the end of a series of meetings across the country. The 2025 NATO Summit will take place in The Hague on 24 and 25 June.

MIL OSI Europe News –

June 24, 2025
MIL-OSI United Kingdom: UK Trade Envoy visits Pakistan to boost trade
Source: United Kingdom – Government Statements

World news story

UK Trade Envoy visits Pakistan to boost trade

The UK Trade Envoy to Pakistan, Mohammad Yasin MP, has begun a 3-day visit to Karachi and Islamabad to encourage investment and long-term economic co-operation.
The visit follows the UK’s launch of its Growth Mission and Modern Industrial Strategy. Invest 2035 sets out a ten-year plan to provide certainty and stability for businesses in high growth sectors such as clean energy, digital technologies, life sciences and advanced manufacturing.

Over 200 British companies are operating in Pakistan, with the top five contributing around one percent of Pakistan’s GDP. The UK is Pakistan’s largest European trading partner and top source of foreign direct investment.

Mohammad Yasin MP, UK Trade Envoy to Pakistan, said:

“The UK and Pakistan already enjoy deep commercial ties, but there is much more we can achieve together. It is a place close to my heart, and I have seen over many years the enormous potential to help both our countries prosper. During my visit, I look forward to supporting efforts that unlock new opportunities and drive growth.”

Mr Yasin will meet senior government stakeholders including Jawad Paul, Secretary for Commerce, and Minister Chaudhry Salik Hussain, Federal Minister for Overseas Pakistanis. He will also meet business leaders to strengthen trade and encourage investment.

Mr Yasin’s visit will help pave the way for the UK-Pakistan Trade Dialogue, due to launch later this year. The Dialogue will offer a platform to grow exports, increase investment flows, address business environment concerns and identify opportunities for greater market access.

For updates on the British High Commission, please follow our social media channels:

Twitter: @UKinPakistan JaneMarriottUK

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Published 23 June 2025
MIL OSI United Kingdom –
June 24, 2025
MIL-OSI Russia: Students of SPbGASU took part in the festival “T-Dvor”

Translation. Region: Russian Federal

Source: Saint Petersburg State University of Architecture and Civil Engineering – Saint Petersburg State University of Architecture and Civil Engineering – Participants from SPbGASU

Students of the Faculty of Forensic Science and Law in Construction and Transport together with representatives of the Center for Student Entrepreneurship and Career of SPbGASU visited the youth festival “T-Dvor” organized by T-Bank on June 20. The event took place in the cultural space “Nikolskie Ryady” and was dedicated to career and educational opportunities for young people.

The goal of the festival is to create an open platform for communication between students, young professionals and employers, where they can learn about labor market trends, new formats of training and personal growth.

During the panel discussion, the participants discussed what modern education should be like and came to the conclusion that the main requirements for it are flexibility, accessibility and practice-orientedness. In their opinion, for successful career growth it is important to have the opportunity to improve professionally without interruption from work, for which it is necessary to develop distance learning in master’s programs and other digital educational platforms.

The lecture “Professions of the Future: Where Are You in a World That Has Not Been Built Yet” attracted great interest. The speakers talked about combining technical thinking and a humanitarian approach – the ability to work with data, understand technology and at the same time think critically and creatively. According to experts, it is precisely these specialists who will be especially in demand in the coming years.

At the session “University vs. Work: How to Do It All,” participants learned how to effectively combine studies, part-time work, and personal life. Students especially remembered three pieces of advice from experts: it is necessary to plan not only tasks, but also rest; do not be afraid to ask for help – this is also part of professional growth; discipline is the basis of sustainable development, it can be “pumped up” just like muscles.

“The T-Dvor festival has become an excellent opportunity for our students not only to get acquainted with new educational formats, but also to think about their professional future and the path to it,” noted Margarita Sapozhnikova, Deputy Dean of the Faculty of Forensic Expertise and Law in Construction and Transport for Career Guidance.

Please note: This information is raw content directly from the source of the information. It is exactly what the source states and does not reflect the position of MIL-OSI or its clients.

MIL OSI Russia News –

June 24, 2025
MIL-OSI Asia-Pac: Notice of re-entry issued

Source: Hong Kong Information Services

The Housing Authority today served a notice of re-entry on Aggressive Construction Company.

The authority explained that since the construction company’s performance in respect of three public housing projects was far below the contract requirements, it served a notice of re-entry on the company for each of the projects according to relevant contract provisions.

The three construction projects involved are the underground link of Pak Tin Estate redevelopment Phase 10, the public housing developments at Tuen Mun Area 29 West and Tung Chung Area 100.

MIL OSI Asia Pacific News –

June 24, 2025
MIL-OSI: Nano Labs Plans to Apply for License for HKD and Offshore RMB Stablecoin Businesses

Source: GlobeNewswire (MIL-OSI)

HONG KONG, June 23, 2025 (GLOBE NEWSWIRE) — Nano Labs Ltd (Nasdaq: NA) (“we,” the “Company” or “Nano Labs”), a leading Web 3.0 infrastructure and product solution provider in China, today announced that it plans to apply for relevant licenses to operate Hong Kong dollar and offshore RMB stablecoin businesses in partnership with other entities, following the official enactment of the Hong Kong Stablecoins Bill (the “Stablecoins Bill”).

In parallel, Nano Labs plans to develop a technical framework for stablecoins, focusing on blockchain networks such as Bitcoin and Binance Coin (the “BNB”). Nano Labs looks forward to forming strategic partnerships and providing strong support to foster the development of both the stablecoin ecosystem and the broader Web 3.0 industry.

On May 21, 2025, the Legislative Council of Hong Kong passed the Stablecoins Bill, establishing a licensing regime for fiat-referenced stablecoin (“FRS”) issuers and reinforcing Hong Kong’s role as a global financial hub for digital assets. On June 6, 2025, the Hong Kong government published a notice in the Gazette appointing August 1, 2025 as the effective date for the Stablecoins Ordinance.

About Nano Labs Ltd

Nano Labs Ltd is a leading Web 3.0 infrastructure and product solution provider in China. Nano Labs is committed to the development of high throughput computing (“HTC”) chips and high performance computing (“HPC”) chips. Nano Labs has built a comprehensive flow processing unit (“FPU”) architecture which offers solution that integrates the features of both HTC and HPC. In addition, it has established Bitcoin value investment and adopted Bitcoin as primary reserve asset. Nano Labs has established an integrated solution platform covering three main business verticals, including HTC solutions and HPC solutions. The HTC solutions feature its proprietary Cuckoo series chips, which have become alternative Application-Specific Integrated Circuit (“ASIC”) solutions for traditional GPUs. Nano Lab’s Cuckoo series are one of the first near-memory HTC chips available in the market*. For more information, please visit the Company’s website at: ir.nano.cn.

* According to an industry report prepared by Frost & Sullivan.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements include, without limitation, the Company’s plan to appeal the Staff’s determination, which can be identified by terminology such as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “potential,” “continue,” “is/are likely to” or other similar expressions. Such statements are based upon management’s current expectations and current market and operating conditions, and relate to events that involve known or unknown risks, uncertainties and other factors, all of which are difficult to predict and many of which are beyond the Company’s control, which may cause the Company’s actual results, performance or achievements to differ materially from those in the forward-looking statements. Further information regarding these and other risks, uncertainties or factors is included in the Company’s filings with the Securities and Exchange Commission. The Company does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under law.

For investor inquiries, please contact:

Nano Labs Ltd
ir@nano.cn

Ascent Investor Relations LLC
Tina Xiao
Phone: +1-646-932-7242
Email: investors@ascent-ir.com

The MIL Network –

June 24, 2025
MIL-OSI: EMEET Launches PIXY: The World’s First Dual-Camera AI PTZ 4K Webcam

Source: GlobeNewswire (MIL-OSI)

SHENZHEN, China, June 23, 2025 (GLOBE NEWSWIRE) — EMEET, the world’s leading webcam brand, is proud to reveal PIXY, its most versatile webcam yet. PIXY is the world’s first dual-camera AI-powered PTZ (pan, tilt, zoom) 4K webcam, with features like super-fast 0.2-second BlinkFocus auto-focus, gesture-based PTZ subject tracking, and AI-powered enhancements for subject capture, focus, and video quality. Built as much for content creators and for working professionals, PIXY reaches new levels of utility and visual fidelity, and it’s available at retailers starting today for $159.99.

PIXY builds on the success (and unquestionably cute design) of the EMEET Piko and Piko+. With up to 4K Ultra HD video quality and a high-performance Sony sensor, PIXY delivers a crisp and clear image, further augmented by the second AI-assisted camera. Together, this dual-camera system can handle even challenging lighting conditions, like backlit or low-light scenes, while preserving detail and optimizing facial imaging performance.

Super-fast BlinkFocus delivers an industry-leading auto-focus system that locks on in as little as 0.2s — that’s 2.5 times faster than the industry average. PIXY’s AI-assisted face detection also works in as little as 0.2 seconds and can automatically and intelligently detect facial contours, adjusting exposure to ensure natural skin tones and a perfect balance between highlights and shadows. Add in the gesture-controlled automatic tracking, which harnesses PIXY’s ability to pan and tilt to follow you as you move around the camera, and PIXY ensures you are always sharp, clear, and framed perfectly.

Thanks to the built-in three-microphone array, PIXY’s audio quality matches its stellar video performance. Three specially tuned audio presets (Live Mode, Noise-Cancelling Mode, and Original Sound Mode) offer flexibility to record exactly what you need, whether that’s tuning out unwanted background sounds or preserving every bit of detail.

For content creators, PIXY offers presets for custom PTZ setups, enabling you to switch between different positions and zoom levels easily as you stream or record. The EMEET Studio companion software’s built-in AI scriptwriting feature is also there when you need a few good ideas for a voiceover or tips on how to shoot a specific shot. Our optimized presets are useful for everyone from creators to educators, with a clarity-enhancing Whiteboard Mode tuned for presenting information, an Inversion Mode for mounting the camera upside down, and even a vertical video-optimized Portrait (9:16) Mode for mounting the camera on its side.

When you’re done recording, simply tilt PIXY down to switch into privacy mode, which holds the camera in a face-down position, clearly showing you at a glance that no one is watching — also available as an automatic timeout when the camera isn’t being accessed.

PIXY bundles all these category-best features into a compact and cute big-eyed design that’s easy to keep eye contact with and easily mounted on top of your monitor, shelf, or tripod. And it’s even compatible with the new Nintendo Switch 2.

PIXY is now available for $159.99 at partner retailers, including Amazon and the EMEET storefront, starting today.

Specifications
Camera
Dual Camera: One imaging camera + one AI-Assisted Camera
Sensor: Sony® 1/2.55″ sensor
Video Resolution: 4K@30fps/1080P@60fps
FOV(D): 73°
Video Codecs: YUY2 / MJPEG
Imaging Optimization: Yes. Dual Camera Enhancement
White Balance (Light Correction): Yes

PTZ Tracking
Focus Speed: 0.2s
Face Capture Speed: 0.2s
Gesture Tracking: Raise palm to activate/pause tracking
Maximum Tracking Distance: 19.69 feet/6 meters
Digital Zoom: 1.5X; No zoom in 4K mode
Focus Mode: AF/PDAF+AI focus. Facial Focus, Central Area Focus, Selected Area Focus
Pan & Tilt angle: 310°/180°

Audio
Built-In Audio: 3-Mic Microphone
Microphone Modes: Live Mode, Original Sound Mode, Noise Canceling Mode

Compatibility
Software: Zoom, Skype, Microsoft Teams, Google Meet, Cisco Webex, FaceTime, GoToMeeting, Lifesize, Slack, Line, TrueConf, OBS (and others)
Social Media Platforms: YouTube, Twitch, TikTok, Facebook (and others)
System Compatibility: Windows (10, 11), macOS (10.14 and above), USB Video Device Class (UVC) mode, Android TV V7.0 and above, Linux

Additional Features
Privacy Mode: Camera moves to face down, either by manually tilting the camera into place or via a configurable timeout
Content-specific presets: High-clarity Whiteboard mode, vertically oriented (9:16) Portrait Mode, and inverted Flip Mode for upside-down mounting
Scriptwriting: Integrated AI-based scriptwriting assistance

MSRP: $159.99

About EMEET
Established in August 2016, EMEET is a leading global company specializing in the research, development, production, and sales of AI-powered audio and video products. Focusing on collaboration, production, and creation, EMEET aims to develop an intelligent ecosystem for creative products through technological innovation and user experience optimization, endeavoring to redefine the industry standards for individual productivity tools and drive the growth of the global personal productivity market, fostering collaboration, empowering production, and inspiring creation.

Yiming Zhan (email: yiming@museperse.com)

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/f312e1d0-a98c-4ad4-9d18-2a688da2925d

Press materials can be accessed in this press kit: https://drive.google.com/drive/folders/1qdk4E-wW54OFzo5q96xEv-hK1NEHhQ8J?usp=drive_link

The MIL Network –

June 24, 2025
MIL-OSI: Fengate appoints Darcy Wilson as transportation lead

Source: GlobeNewswire (MIL-OSI)

HOUSTON, June 23, 2025 (GLOBE NEWSWIRE) — Fengate Asset Management (Fengate) today announced the appointment of Darcy Wilson as Managing Director, Transportation, further expanding its infrastructure senior team and signaling the firm’s continued growth in the United States (U.S.).

Based in Fengate’s Houston office, Wilson will lead the transportation strategy to bring the firm’s aviation, road, rail, logistics, and maritime expertise to projects and companies across the U.S. and Canada.

“Fengate has a strong portfolio of transportation assets on both sides of the border, and Darcy’s industry knowledge and experience will best position the firm to secure deals where we can add the greatest value for communities, the environment, and our investors,” said Mac Bell, Managing Director, Infrastructure Investments and head of Fengate’s social and transportation group.

“I am thrilled to join the growing Fengate business to lead their transportation strategy. I look forward to working with the Fengate team to invest in attractive opportunities in transportation infrastructure projects and companies that generate strong returns for investors,” said Wilson.

Wilson brings significant transportation investment experience to Fengate, including sourcing, assessing, and executing investments into operating businesses. Prior to joining Fengate, Wilson was with Duration Capital Partners where he was a founding member upon its spin out of Oaktree Capital Management (Oaktree).

He previously led Oaktree’s investments in Signature Aviation, OTG Management, and STG Logistics, and served on the board of STG Logistics. Prior to Oaktree, Wilson was with Highstar Capital and J.P. Morgan’s investment banking group in New York.

His appointment follows the firm’s announcement of a digital infrastructure head in April.

About Fengate

Fengate is a leading alternative investment manager focused on infrastructure, private equity and real estate strategies, with more than $7 billion of capital commitments under management. The firm has been investing in infrastructure since 2006 with a focus on mid-market greenfield and brownfield infrastructure assets in the transportation, social, energy transition and digital sectors. Fengate is one of North America’s most active infrastructure investors and developers with a portfolio of more than 50 assets. Learn more at www.fengate.com.

Media contact

Maddison Sharples
Vice President, Communications and Marketing
+1 416 254 3326
maddison.sharples@fengate.com

The MIL Network –

June 24, 2025
MIL-OSI: Abacus Global Management Announces New Corporate Commercial Campaign at Recent Investor Day in NYC

Source: GlobeNewswire (MIL-OSI)

ORLANDO, Fla., June 23, 2025 (GLOBE NEWSWIRE) — Abacus Global Management, Inc. (“Abacus” or the “Company”) (NASDAQ: ABL), a leader in the alternative asset management space, announced the public launch of their new corporate-focused commercial campaign on June 12^th, 2025, at their Investor Day and Longevity Summit held at Nasdaq in New York City.

The campaign is centered around Abacus’ positioning as a visionary leader in longevity-based asset management. In the commercial, Abacus CEO Jay Jackson depicts the Company’s mission to “reframe the very nature of financial planning around the most personal data point possible: your lifespan.”

Jackson said, “This launch represents our commitment to being at the forefront of providing longevity-based financial solutions to our clients. With our proprietary longevity data, Abacus is uniquely positioned to lead this market evolution.”

The commercial is now live on national television across all major markets.

Watch the commercial here.

Forward-Looking Statements
All statements in this press release (and oral statements made regarding the subjects of this press release) other than historical facts are forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements rely on a number of assumptions concerning future events and are subject to a number of uncertainties and factors that could cause actual results to differ materially from such statements, many of which are outside the control of Abacus. Forward-looking information includes but is not limited to statements regarding: Abacus’s financial and operational outlook; Abacus’s operational and financial strategies, including planned growth initiatives and the benefits thereof, Abacus’s ability to successfully effect those strategies, and the expected results therefrom. These forward-looking statements generally are identified by the words “believe,” “project,” “estimate,” “expect,” ‎‎”intend,” “anticipate,” “goals,” “prospects,” “will,” “would,” “will continue,” “will likely result,” and similar expressions (including the negative versions of such words or expressions).

While Abacus believes that the assumptions concerning future events are reasonable, it cautions that there are inherent difficulties in predicting certain important factors that could impact the future performance or results of its business. The factors that could cause results to differ materially from those indicated by such forward-looking statements include, but are not limited to: the ‎fact that Abacus’s loss reserves are bases on estimates and may be inadequate to cover ‎its actual losses; the failure to properly price Abacus’s insurance policies; the ‎geographic concentration of Abacus’s business; the cyclical nature of Abacus’s industry; the ‎impact of regulation on Abacus’s business; the effects of competition on Abacus’s business; the failure of ‎Abacus’s relationships with independent agencies; the failure to meet Abacus’s investment ‎objectives; the inability to raise capital on favorable terms or at all; the ‎effects of acts of terrorism; and the effectiveness of Abacus’s control environment, including the identification of control deficiencies.

These forward-looking statements are also affected by the risk factors, forward-looking statements and challenges and uncertainties set forth in documents filed by Abacus with ‎the U.S. Securities and Exchange Commission from time to time, including the Annual ‎Report on Form 10-K and Quarterly Reports on Form 10-Q and subsequent ‎periodic reports. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Abacus cautions you not to place undue reliance on the ‎forward-looking statements contained in this press release. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and Abacus assumes no obligation and, except as required by law, does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise. Abacus does not give any assurance that it will achieve its expectations.

About Abacus
Abacus Global Management (NASDAQ: ABL) is a leading financial services company specializing in alternative asset management, data-driven wealth solutions, technology innovations, and institutional services. With a focus on longevity-based assets and personalized financial planning, Abacus leverages proprietary data analytics and decades of industry expertise to deliver innovative solutions that optimize financial outcomes for individuals and institutions worldwide.

Contacts:
Marketing & Communications
Jeff Smith – Chief Marketing Officer
jeff@abacusgm.com
(407) 988-1088

Blake Gallimore – Director of Corporate Marketing & Communications
blake@abacusgm.com
(321) 344-2118

Investor Relations
Robert F. Phillips – SVP Investor Relations and Corporate Affairs
rob@abacusgm.com
(321) 290-1198

David Jackson – Director of IR/Capital Markets
david@abacusgm.com
(321) 299-0716

Abacus Global Management Public Relations
press@abacusgm.com

The MIL Network –

June 24, 2025
MIL-OSI: Oxbridge / SurancePlus Commences Strategic Review of Potential Digital Asset Treasury and SurancePlus Carve Out

Source: GlobeNewswire (MIL-OSI)

GRAND CAYMAN, Cayman Islands, June 23, 2025 (GLOBE NEWSWIRE) — Oxbridge Re Holdings Limited (Nasdaq: OXBR) (“Oxbridge Re”), a leader in digitizing reinsurance securities as tokenized real-world assets (RWAs), together with its subsidiary SurancePlus, today announced an update to its previously announced strategic business review to maximize shareholder value.

The Company is actively reviewing a range of strategic initiatives for the company or its Web3 subsidiary, SurancePlus Holdings—including a potential carve-out and Nasdaq listing of SurancePlus Holdings, as well as a potential financing transactions to support a digital asset treasury initiative and explore related M&A opportunities.

Jay Madhu, CEO of Oxbridge, stated: “We view these strategic initiatives as potentially transformative opportunities that could unlock significant value for our shareholders while positioning both Oxbridge and SurancePlus for accelerated growth in their respective markets. A separate listing for SurancePlus would provide dedicated access to Web3 and digital asset investors, while our treasury strategy could strengthen our balance sheet and create new revenue streams.”

About Oxbridge Re Holdings Limited

Oxbridge Re Holdings Limited (NASDAQ: OXBR, OXBRW) (“Oxbridge”) is headquartered in the Cayman Islands. The company offers tokenized Real-World Assets (“RWAs”) as tokenized reinsurance securities and reinsurance business solutions to property and casualty insurers, through its wholly owned subsidiaries SurancePlus Inc., Oxbridge Re NS, and Oxbridge Reinsurance Limited.

Insurance businesses in the Gulf Coast region of the United States purchase property and casualty reinsurance through our licensed reinsurers Oxbridge Reinsurance Limited and Oxbridge Re NS.

Our Web3-focused subsidiary, SurancePlus Inc. (“SurancePlus”), has developed the first “on chain” reinsurance RWA of its kind to be sponsored by a subsidiary of a publicly traded company. By digitizing interests in reinsurance contracts as on-chain RWAs, SurancePlus has democratized the availability of reinsurance as an alternative investment to both U.S. and non U.S. investors.

Company Contact:

Oxbridge Re Holdings Limited
Jay Madhu, CEO
+1 345-749-7570
jmadhu@oxbridgere.com

Forward-Looking Statements

This press release may contain forward-looking statements made pursuant to the Private Securities Litigation Reform Act of 1995. Words such as “anticipate,” “estimate,” “expect,” “intend,” “plan,” “project” and other similar words and expressions are intended to signify forward-looking statements. Forward-looking statements are not guarantees of future results and conditions but rather are subject to various risks and uncertainties. A detailed discussion of risks and uncertainties that could cause actual results and events to differ materially from such forward-looking statements is included in the section entitled “Risk Factors” contained in our Form 10-K filed with the Securities and Exchange Commission (“SEC”) on 26th March 2025 and in our other filings with the SEC. The occurrence of any of these risks and uncertainties could have a material adverse effect on the Company’s business, financial condition and results of operations. Any forward-looking statements made in this press release speak only as of the date of this press release and, except as required by law, the Company undertakes no obligation to update any forward looking statement contained in this press release, even if the Company’s expectations or any related events, conditions or circumstances change.

The MIL Network –

June 24, 2025
MIL-OSI: Oxbridge / SurancePlus Commences Strategic Review of Potential Digital Asset Treasury and SurancePlus Carve Out

Source: GlobeNewswire (MIL-OSI)

GRAND CAYMAN, Cayman Islands, June 23, 2025 (GLOBE NEWSWIRE) — Oxbridge Re Holdings Limited (Nasdaq: OXBR) (“Oxbridge Re”), a leader in digitizing reinsurance securities as tokenized real-world assets (RWAs), together with its subsidiary SurancePlus, today announced an update to its previously announced strategic business review to maximize shareholder value.

The Company is actively reviewing a range of strategic initiatives for the company or its Web3 subsidiary, SurancePlus Holdings—including a potential carve-out and Nasdaq listing of SurancePlus Holdings, as well as a potential financing transactions to support a digital asset treasury initiative and explore related M&A opportunities.

Jay Madhu, CEO of Oxbridge, stated: “We view these strategic initiatives as potentially transformative opportunities that could unlock significant value for our shareholders while positioning both Oxbridge and SurancePlus for accelerated growth in their respective markets. A separate listing for SurancePlus would provide dedicated access to Web3 and digital asset investors, while our treasury strategy could strengthen our balance sheet and create new revenue streams.”

About Oxbridge Re Holdings Limited

Oxbridge Re Holdings Limited (NASDAQ: OXBR, OXBRW) (“Oxbridge”) is headquartered in the Cayman Islands. The company offers tokenized Real-World Assets (“RWAs”) as tokenized reinsurance securities and reinsurance business solutions to property and casualty insurers, through its wholly owned subsidiaries SurancePlus Inc., Oxbridge Re NS, and Oxbridge Reinsurance Limited.

Insurance businesses in the Gulf Coast region of the United States purchase property and casualty reinsurance through our licensed reinsurers Oxbridge Reinsurance Limited and Oxbridge Re NS.

Our Web3-focused subsidiary, SurancePlus Inc. (“SurancePlus”), has developed the first “on chain” reinsurance RWA of its kind to be sponsored by a subsidiary of a publicly traded company. By digitizing interests in reinsurance contracts as on-chain RWAs, SurancePlus has democratized the availability of reinsurance as an alternative investment to both U.S. and non U.S. investors.

Company Contact:

Oxbridge Re Holdings Limited
Jay Madhu, CEO
+1 345-749-7570
jmadhu@oxbridgere.com

Forward-Looking Statements

This press release may contain forward-looking statements made pursuant to the Private Securities Litigation Reform Act of 1995. Words such as “anticipate,” “estimate,” “expect,” “intend,” “plan,” “project” and other similar words and expressions are intended to signify forward-looking statements. Forward-looking statements are not guarantees of future results and conditions but rather are subject to various risks and uncertainties. A detailed discussion of risks and uncertainties that could cause actual results and events to differ materially from such forward-looking statements is included in the section entitled “Risk Factors” contained in our Form 10-K filed with the Securities and Exchange Commission (“SEC”) on 26th March 2025 and in our other filings with the SEC. The occurrence of any of these risks and uncertainties could have a material adverse effect on the Company’s business, financial condition and results of operations. Any forward-looking statements made in this press release speak only as of the date of this press release and, except as required by law, the Company undertakes no obligation to update any forward looking statement contained in this press release, even if the Company’s expectations or any related events, conditions or circumstances change.

The MIL Network –

June 24, 2025
MIL-OSI: Oportun Issues Letter to Stockholders Detailing CEO Raul Vazquez’s Record of Proven Leadership
Source: GlobeNewswire (MIL-OSI)

Urges stockholders to vote “FOR” Mr. Vazquez and Carlos Minetti on the GREEN proxy card

SAN CARLOS, Calif., June 23, 2025 (GLOBE NEWSWIRE) — Oportun (Nasdaq: OPRT), a mission-driven financial services company, today issued a letter to stockholders detailing the experience and proven leadership record of its Director candidate and CEO Raul Vazquez, who has driven Oportun’s growth and transformation and is successfully executing a strategy to deliver improved operational performance and stockholder value.

The Board of Directors strongly urges all Oportun stockholders to vote “FOR” Oportun’s two highly qualified nominees, Mr. Vazquez and Carlos Minetti, using the GREEN proxy card or GREEN voting instruction form. The letter to stockholders and other important information related to the Annual Meeting can be found at VoteForOportun.com.

The full text of the letter to stockholders follows:

Dear Fellow Stockholders,

This year’s Annual Meeting of Stockholders of Oportun Financial Corporation is fast approaching. The meeting will be held on July 18, 2025, and you can vote online or by mail using the instructions on the enclosed GREEN proxy card.

At this year’s Annual Meeting, stockholders have an important choice to make. One of Oportun’s stockholders, Findell Capital Management, LLC, is seeking to remove Oportun’s CEO, Raul Vazquez, from the Board of Directors and replace him with someone who we believe is far less qualified.

This would be a serious mistake. Mr. Vazquez has valuable skills, experience and institutional knowledge that make him an exceptional CEO and effective Board member. He has a proven track record of leading large operations while driving technological innovation and fostering high-performance cultures, both at Oportun and in prior roles, and he has played a vital role in setting Oportun’s new strategic direction and driving the Company’s growth and transformation. He is deeply committed to Oportun’s success, and as a top ten Oportun stockholder who has made significant out-of-pocket stock purchases beyond his executive compensation plan, his interests are firmly aligned with those of stockholders.

Mr. Vazquez Has a Track Record of Effective Leadership

Before joining Oportun, Mr. Vazquez spent nine years with Walmart Inc., where he held a variety of senior leadership roles. Walmart, like Oportun, serves a diverse customer base, with particular strength among value-conscious and lower-to-middle income households.

As EVP and President of Walmart West, Mr. Vazquez oversaw a division generating more than $60 billion in revenue and comprising more than 1,000 stores across 23 states. As CEO of Walmart.com, he led a period of significant growth where he helped shape and scale Walmart’s global e-commerce strategy, transforming the platform into the most visited brick-and-mortar retailer website.

Mr. Vazquez Has Driven Oportun’s Growth and Transformation

Mr. Vazquez was appointed CEO of Oportun in 2012. As the oldest son of Mexican immigrants, he has a deep personal connection to Oportun’s core customer and a strong belief in the Company’s mission to empower hardworking individuals to build better futures. Joining Oportun represented an opportunity to bring his deep expertise in retail, operations and digital innovation as well as his people-centered leadership approach to an industry where he believed he could make a meaningful difference.

At the time, Oportun was struggling to raise debt and equity from external sources at the levels necessary to maintain its market position and continue operations.

Amid these challenges, Mr. Vazquez took swift and decisive action, crafting a strategic plan to revitalize and scale the business. Under his leadership, Oportun transformed from a small, regional lender reliant on a network of physical retail locations into a national, digitally-driven company positioned for sustained growth and profitability. Mr. Vazquez also has led the Company’s expansion from two states to 41 states and into adjacent products, including secured loans and savings products. Together, these initiatives have enabled the Company to grow its loan portfolio from $100 million in 2012 to approximately $3 billion today.

When macroeconomic conditions shifted abruptly and unexpectedly in early 2022, Mr. Vazquez worked proactively with the Board to strengthen and reposition the Company by reducing costs, streamlining operations and realigning strategic priorities. Importantly, these initiatives were developed independently of Findell and were announced two months before the Board had any knowledge that Findell was a stockholder.

These vital actions to reposition the Company, and our focus on execution, are delivering improved financial performance. In 2024, Oportun returned to originations growth, delivered improved credit metrics and reduced its operating expense ratio. That strong momentum continued during the first quarter of this year and, supported by a more efficient cost structure and stronger credit performance, we believe Oportun is well-positioned to deliver strong financial results in 2025. Importantly, this progress has been recognized by the market, with total stockholder returns significantly outperforming both peers and the broader markets over recent time periods.

Other Organizations Have Recognized Mr. Vazquez’s Leadership and Qualifications

Under Mr. Vazquez’s leadership, Oportun has received national recognition by leading publications for its innovation and impact:
- Oportun has consistently been recognized as a top workplace, including by the San Francisco Chronicle for the past seven years and by regional and national publications for the past ten years;
- Fast Company named Oportun one of the World’s Most Innovative Companies and a Top Ten Most Innovative Company in 2020;
- TIME magazine included Oportun on its list of “50 Businesses Inventing the Future” in 2018;
- Mr. Vazquez was honored as the EY Entrepreneur of The Year® 2018 National Award winner in the Financial Services category.
In 2013, Mr. Vazquez joined the Board of Directors of Staples, Inc., and in 2016 he was appointed to the Board of Directors of Intuit, a global financial technology company with a market capitalization of more than $200 billion. The Chairs of both public companies have praised Mr. Vazquez for his leadership experience, strategic vision, and deep understanding of the consumer:

“Raul brings a nice range of financial services, retail, technology and community development expertise… With a great reputation as a game changer, Raul’s vast experience across local, regional, state, federal and international levels of engagement and diverse perspective will be of great value to our board.”

Intuit
Brad Smith, Former Chairman and CEO
May 4, 2016

“[Raul] is a multi-channel veteran with deep digital expertise and leadership experience in retail, marketing and operations. His global e-commerce perspective would be particularly valuable as we focus on rapidly increasing online sales as part of our strategic reinvention.”

Staples
Ron Sargent, Former Chairman CEO
April 4, 2013

Beyond his public board experience, Mr. Vazquez previously served on the Board of the National Association for Latino Community Asset Builders, the Consumer Financial Protection Bureau’s Consumer Advisory Board, and as Chair of the Federal Reserve Board’s Community Advisory Council.

Replacing Mr. Vazquez with Findell’s Candidate Would be a Mistake

As part of its annual evaluation process, the Board, which includes two individuals recommended by Findell, recently completed a comprehensive review of Mr. Vazquez’s performance. Following that review, the Board unanimously concluded that Mr. Vazquez is the best person to lead the Company forward. Supplanting the Board’s unanimous judgment and removing Mr. Vazquez from the Board – especially at a time when the Company’s performance is improving and its momentum is building – would be a mistake.

In our view, Findell’s candidate, Warren Wilcox, is no substitute for Mr. Vazquez. Mr. Wilcox has no public company CEO experience, limited experience serving low- and middle-income customers and has not served on a public company board in over a decade. Replacing Mr. Vazquez with Mr. Wilcox would jeopardize the continuity, leadership and business insight needed to continue our progress and momentum. With all of Oportun’s proxy peers and approximately 97% of Russell 3000 boards including the company’s CEO¹, removing Mr. Vazquez would also be highly unusual and send a disruptive message to employees, stockholders and other stakeholders.

We Ask for Your Support

We encourage you to visit VoteForOportun.com to learn more about the Company’s progress and our plan to ensure that our strong momentum continues. We believe you will reach the same conclusion as our Board: that Mr. Vazquez is the right leader for Oportun and that his reelection is the best way to protect and enhance stockholder value.

We urge stockholders to support Oportun’s CEO, Mr. Vazquez, and Oportun’s other nominee, Carlos Minetti, by voting for each of them on the GREEN proxy card today.

Sincerely,
The Oportun Financial Corporation Board of Directors

If you have any questions about how to vote your shares, please call the firm assisting us with the solicitation of proxies:

INNISFREE M&A INCORPORATED
(877) 800-5195 (toll-free from the U.S. and Canada) or
+1 (412) 232-3651 (from other countries)

About Oportun

Oportun (Nasdaq: OPRT) is a mission-driven financial services company that puts its members’ financial goals within reach. With intelligent borrowing, savings, and budgeting capabilities, Oportun empowers members with the confidence to build a better financial future. Since inception, Oportun has provided more than $19.7 billion in responsible and affordable credit, saved its members more than $2.4 billion in interest and fees, and helped its members save an average of more than $1,800 annually. For more information, visit Oportun.com.

Cautionary Statement on Forward-Looking Statements

Certain statements in this communication are “forward-looking statements”. These forward-looking statements are subject to the safe harbor provisions under the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical fact contained in this communication, including statements as to our future performance, financial position and our strategic initiatives, and the Annual Meeting, are forward-looking statements. These statements can be generally identified by terms such as “expect,” “plan,” “goal,” “target,” “anticipate,” “assume,” “predict,” “project,” “outlook,” “continue,” “due,” “may,” “believe,” “seek,” or “estimate” and similar expressions or the negative versions of these words or comparable words, as well as future or conditional verbs such as “will,” “should,” “would,” “likely” and “could.” These statements involve known and unknown risks, uncertainties, assumptions and other factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. We have based these forward-looking statements on our current expectations and projections about future events, financial trends and risks and uncertainties that we believe may affect our business, financial condition and results of operations. These risks and uncertainties include those risks described in our filings with the Securities and Exchange Commission, including our most recent annual report on Form 10-K for the year ended December 31, 2024, as well as our subsequent filings with the SEC. These forward-looking statements speak only as of the date on which they are made and, except to the extent required by federal securities laws, we disclaim any obligation to update any forward-looking statement to reflect events or circumstances after the date on which the statement is made or to reflect the occurrence of unanticipated events, except as required by law. In light of these risks and uncertainties, there is no assurance that the events or results suggested by the forward-looking statements will in fact occur, and you should not place undue reliance on these forward-looking statements.

Investor Contact
Dorian Hare
(650) 590-4323
ir@oportun.com

Innisfree M&A Incorporated
Scott Winter / Gabrielle Wolf / Jonathan Kovacs
(212) 750-5833

Media Contact
FGS Global
John Christiansen / Bryan Locke
Oportun@fgsglobal.com

______________________
¹ Source: Bloomberg

The MIL Network –
June 24, 2025
MIL-OSI: Topnotch Crypto Unveils Exclusive XRP Cloud Mining Contracts with Instant Rewards and Flexible Terms
Source: GlobeNewswire (MIL-OSI)

New York, June 23, 2025 (GLOBE NEWSWIRE) — As the XRP community eagerly awaits significant price movements, Topnotch Crypto, a leading innovator in cloud mining solutions, today announced the launch of its new suite of XRP cloud mining contracts. Designed to provide immediate value and flexible earning opportunities, these contracts allow XRP holders to generate consistent daily income, regardless of market volatility.

Despite continued anticipation for XRP to reach new highs, the asset has demonstrated periods of consolidation. Topnotch Crypto’s new XRP cloud mining contracts offer a strategic avenue for investors to maximize their holdings by earning passive income during these phases.

“We understand the patience and dedication of the XRP community,” said a spokesperson for Topnotch Crypto. “Our new XRP cloud mining contracts are tailored to empower holders, offering a straightforward and efficient way to earn predictable returns daily, turning waiting periods into earning opportunities. We are committed to providing top-notch solutions that align with the evolving needs of the crypto market.”

Harnessing the Power of XRP Cloud Mining with Topnotch Crypto

Topnotch Crypto’s cloud mining platform removes the traditional barriers to cryptocurrency mining, such as expensive hardware, technical complexities, and high electricity costs. Utilizing advanced infrastructure and AI-driven optimization, Topnotch Crypto simulates yield through a fully remote and streamlined process.

Key Features of Topnotch Crypto’s XRP Cloud Mining Contracts:
- No Hardware, No Hassle: Participate in XRP mining without the need for specialized equipment or technical expertise.
- Daily Payouts: Receive mining rewards credited directly to your account every day, ensuring predictable cash flow.
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The MIL Network –
June 24, 2025
MIL-OSI: Anthony Pompliano Strikes $1 Billion Merger to Create ProCap Financial; Raises Over $750M in Largest Initial Fundraise in History for Public Bitcoin Treasury Company
Source: GlobeNewswire (MIL-OSI)
- ProCap Financial to strategically acquire bitcoin and generate revenue and profits from its bitcoin holdings
- Equity investors have immediate exposure to bitcoin based on structure of financing transactions
- Columbus Circle Capital Corp. I (NASDAQ: CCCM) to take ProCap Financial public
New York, NY, June 23, 2025 (GLOBE NEWSWIRE) — American investor and entrepreneur Anthony Pompliano today announced that ProCap BTC, LLC, a bitcoin-native financial services firm, has entered into a definitive agreement for a business combination with Columbus Circle Capital Corp. I (NASDAQ: CCCM), a SPAC sponsored by a controlled subsidiary of Cohen & Company, Inc.

At the closing of the proposed business combination, the combined company will operate as ProCap Financial, Inc., with up to $1 billion in bitcoin on its balance sheet. Entities in the proposed transaction raised $516.5 million in equity and $235 million in convertible notes, the largest initial fundraise in history for a public bitcoin treasury company.

Leading institutional and bitcoin-native investors participating in the financing transactions include Magnetar Capital, Woodline Partners LP, Anson Funds, RK Capital, Off the Chain Capital, Parafi, Blockchain.com, Arrington Capital, BSQ Capital Partners, and FalconX. Industry veterans such as Mark Yusko, Jason Williams, Eric Semler, Tony Guoga, and Matteo Franceschetti participated as well.

ProCap Financial aims to become the leading financial services firm at the intersection of bitcoin and traditional finance. ProCap Financial plans to use its bitcoin balance sheet to generate revenue and profit through a variety of strategies.

ProCap Financial will be led by Anthony Pompliano, who has invested in more than 300 private companies and is one of the leading voices on bitcoin globally.

“The legacy financial system is being disrupted by bitcoin,” said Pompliano. “ProCap Financial represents our solution to the increasing demand for bitcoin-native financial services among sophisticated investors. Our objective is to develop a platform that will not only acquire bitcoin for our balance sheet, but will also implement risk-mitigated solutions to generate revenue and profits from our bitcoin holdings.”

“From day one we sought to partner with a platform and a leader that could develop a transformative organization – and we found that in ProCap BTC and Anthony Pompliano,” said Gary Quin, CEO of CCCM. “Anthony’s track record as an innovative investor, operator, and early advocate in the bitcoin ecosystem speaks for itself. We believe his deep expertise and relentless conviction will help continue to transform an industry undergoing rapid evolution.”

Terms of the Proposed Business Combination and Financing Transactions

The proposed business combination (the “Business Combination”) between ProCap BTC, LLC (“ProCap BTC”) and Columbus Circle Capital Corp. I (“CCCM”) will result in ProCap Financial, Inc. (“ProCap Financial”) being a publicly listed company. In connection with the Business Combination, ProCap BTC sold $516.5 million of non-voting preferred units to investors in a private placement (the “Preferred Equity Raise”) and ProCap Financial secured commitments for $235 million in senior secured convertible notes (the “Convertible Notes”) from investors in a private placement (the “Convertible Debt Raise”, together with the Business Combination and the Preferred Equity Raise, the “Proposed Transactions”). At the closing of the Business Combination (the “Closing”), any funds remaining in the CCCM trust account will be delivered to ProCap Financial. The full proceeds of the CCCM Trust Account, assuming no trust redemptions at or prior to Closing, is included in the up to $1 billion expected to be used to purchase bitcoin for ProCap Financial’s balance sheet.

The Preferred Equity Raise was funded contemporaneously with the execution of the definitive agreements. ProCap BTC agreed to purchase bitcoin (the “BTC Assets”) using the aggregate amount of funds raised in the Preferred Equity Raise within fifteen days of the date of signing the definitive agreements. The BTC Assets will be held in a custodial account until the completion of the Business Combination, providing future shareholders of ProCap Financial with immediate exposure to bitcoin rather than waiting until after the Closing.

The Convertible Notes will be funded at the close of the Business Combination and have a 130% conversation rate, zero interest rate, and maturity of up to 36 months. The Convertible Notes will be 2x collateralized by cash, cash equivalents or a portion of the bitcoin purchased with the proceeds from the Proposed Transactions. U.S. Bank National Trust, N.A. will serve as collateral agent and trustee with regard to the Convertible Notes and associated indenture and guarantee arrangements.

At the Closing, former security holders of CCCM and former unit holders of ProCap BTC (“ProCap Holders”) will receive, as consideration in the Business Combination, newly-issued securities of ProCap Financial. The number of ProCap Financial shares issuable to the ProCap Holders at Closing will depend on the value of the BTC Assets measured as of a date shortly before the Closing, subject to a cap, and provided, also, that the ProCap Holders that are investors in the Preferred Equity Raise (as defined herein) will, at a minimum, receive such number of ProCap Financial shares as represents 1.25 times the number of preferred units delivered to such investors upon consummation of the Preferred Equity Raise, based on the trade weighted average price of the BTC Assets, as further described in the definitive agreements for the Proposed Transactions (the “Transaction Agreements”).

Prior to entering into the definitive agreement, the proposed Business Combination has been approved by the board of directors of CCCM and by the board of managers of ProCap BTC. The terms of the Transaction Agreements, including covenants and conditions to Closing reasonably customary for similar transactions, including that the Proposed Transactions and their terms be approved by requisite CCCM shareholders and by the sole voting unit holder of ProCap BTC, an entity owned and controlled by Pompliano.

The parties expect to consummate the Proposed Transactions prior to the end of 2025, after the submission for review by the U.S. Securities & Exchange Commission (the “SEC”) of a registration statement on Form S-4 to register applicable securities issuable by ProCap Financial upon consummation of the proposed Business Combination. The parties intend to take actions necessary for the Convertible Notes, upon issuance in connection with the Closing, to have an associated 144A CUSIP number on the issue date to facilitate potential post-Closing trading amongst QUIBS, but are not expected to otherwise be registered or tradeable.

The terms of the Proposed Transactions described in this release, including any dollar-denominated figures or implied valuations, are based on information as of the date of the signing of the Transaction Agreements and assume no redemptions from the CCCM trust account. These terms are subject to change, including as a result of fluctuations in the price of bitcoin prior to Closing. There can be no assurance that the final terms at Closing will reflect the figures referenced herein.

Advisors

Cohen & Company Capital Markets, a division of J.V.B. Financial Group, LLC (“Cohen & Company”) is acting as exclusive financial advisor to ProCap BTC.

Cohen & Company and Clear Street LLC are serving as joint co-placement agents in connection with the Preferred Equity Raise and Convertible Debt Raise.

Reed Smith LLP is acting as legal advisor for ProCap BTC, LLC and ProCap Financial, Inc. in connection with the Proposed Transactions.

Ellenoff Grossman & Schole LLP is acting as legal advisor to CCCM in connection with the Proposed Transactions. Ogier is acting as special Cayman Islands counsel to CCCM.

Morgan, Lewis & Bockius LLP is acting as legal advisor to the joint co-placement agents in connection with the Preferred Equity Raise and Convertible Debt Raise.

About ProCap BTC, LLC and ProCap Financial, Inc.

ProCap BTC, LLC is a bitcoin-native financial services firm founded by Anthony Pompliano. Pompliano has invested in more than 300 private companies and is one of the leading voices on bitcoin globally. ProCap Financial, Inc., the company resulting from the proposed Business Combination, will focus on implementing various profit-generating products and services to support the unique financial needs of large financial institutions and institutional investors.

About Columbus Circle Capital I
Columbus Circle Capital Corp. I (NASDAQ: CCCM) is a Cayman Islands–incorporated blank check company formed to effect a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The company is led by Chairman and CEO Gary Quin, a veteran investment banker with over 25 years of experience in cross-border M&A, private equity, and capital markets; COO Dan Nash, a skilled investment banker, with a strong track record in SPAC execution and building high-growth advisory platforms; and CFO Joseph W. Pooler, Jr., who brings decades of public company financial leadership. The board of directors includes Garrett Curran, Alberto Alsina Gonzalez, Dr. Adam Back, and Matthew Murphy.

About Cohen & Company

Cohen & Company is J.V. B. Financial Group, LLC’s full-service boutique investment bank based in New York City that provides high-touch services across strategic advisory, mergers & acquisitions, and capital markets transactions. Cohen & Company merges boutique attentiveness with institutional scale. Learn more at https://www.cohencm.com/. J.V. B. Financial Group, LLC is an indirect controlled subsidiary of Cohen & Company Inc, a financial services company specializing in an expanding range of capital markets and asset management services. Cohen and Company Inc has approximately $2.3 billion of assets under management.

About Clear Street

Clear Street Investment Banking provides a full suite of strategic advisory, transactions and creative capital solutions to companies and investors across high-growth sectors including technology, healthcare, energy and beyond. Clear Street Investment Banking is part of Clear Street, the cloud-native financial services firm delivering financing, derivatives, execution and more to power client success. Learn more at https://www.clearstreet.io/investment-banking.

Additional Information and Where to Find It

ProCap Financial, Inc. (“ProCap Financial”) and Columbus Circle Capital Corp. I (“CCCM”) intend to file with the Securities and Exchange Commission (the “SEC”) a Registration Statement on Form S-4 (as may be amended, the “Registration Statement”), which will include a preliminary proxy statement of CCCM and a prospectus (the “Proxy Statement/Prospectus”) in connection with the proposed business combination between ProCap BTC, LLC (“ProCap BTC”) and CCCM (the “Proposed Transactions”). The definitive proxy statement and other relevant documents will be mailed to shareholders of CCCM as of a record date to be established for voting on the Proposed Transactions and other matters as described in the Proxy Statement/Prospectus. ProCap Financial and/or CCCM will also file other documents regarding the Proposed Transactions with the SEC. This communication does not contain all of the information that should be considered concerning the Proposed Transactions and is not intended to form the basis of any investment decision or any other decision in respect of the Proposed Transactions. BEFORE MAKING ANY VOTING OR INVESTMENT DECISION, SHAREHOLDERS OF CCCM AND OTHER INTERESTED PARTIES ARE URGED TO READ, WHEN AVAILABLE, THE PRELIMINARY PROXY STATEMENT/PROSPECTUS, AND AMENDMENTS THERETO, AND THE DEFINITIVE PROXY STATEMENT/PROSPECTUS AND ALL OTHER RELEVANT DOCUMENTS FILED OR THAT WILL BE FILED WITH THE SEC IN CONNECTION WITH CCCM’s SOLICITATION OF PROXIES FOR THE EXTRAORDINARY GENERAL MEETING OF ITS SHAREHOLDERS TO BE HELD TO APPROVE THE PROPOSED TRANSACTIONS AND OTHER MATTERS AS DESCRIBED IN THE PROXY STATEMENT/PROSPECTUS BECAUSE THESE DOCUMENTS WILL CONTAIN IMPORTANT INFORMATION ABOUT CCCM, PROCAP BTC, PROCAP FINANCIAL AND THE PROPOSED TRANSACTIONS. Investors and security holders will also be able to obtain copies of the Registration Statement and the Proxy Statement/Prospectus and all other documents filed or that will be filed with the SEC by CCCM and ProCap Financial, without charge, once available, on the SEC’s website at www.sec.gov or by directing a request to: Columbus Circle Capital Corp. I, 3 Columbus Circle, 24th Floor New York, NY 10019, e-mail: IR@ColumbusCircleCap.com; or upon written request to ProCap Financial, Inc., 600 Lexington Ave., Floor 2, New York, NY 10022.

NEITHER THE SEC NOR ANY STATE SECURITIES REGULATORY AGENCY HAS APPROVED OR DISAPPROVED THE PROPOSED TRANSACTIONS DESCRIBED HEREIN, PASSED UPON THE MERITS OR FAIRNESS OF THE BUSINESS COMBINATION OR ANY RELATED TRANSACTIONS OR PASSED UPON THE ADEQUACY OR ACCURACY OF THE DISCLOSURE IN THIS COMMUNICATION. ANY REPRESENTATION TO THE CONTRARY CONSTITUTES A CRIMINAL OFFENSE.

The offer and sale of the convertible notes to be issued by ProCap Financial and the preferred units of ProCap BTC sold in connection with the Proposed Transactions has not been registered under the Securities Act of 1933, as amended (the “Securities Act”) and such securities may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act of 1933.

Participants in Solicitation

CCCM, ProCap BTC, ProCap Financial and their respective directors, executive officers, certain of their shareholders and other members of management and employees may be deemed under SEC rules to be participants in the solicitation of proxies from CCCM’s shareholders in connection with the Proposed Transactions. A list of the names of such persons, and information regarding their interests in the Proposed Transactions and their ownership of CCCM’s securities are, or will be, contained in CCCM’s filings with the SEC, including the final prospectus for CCCM’s initial public offering filed with the SEC on May 19, 2025. Additional information regarding the interests of the persons who may, under SEC rules, be deemed participants in the solicitation of proxies of CCCM’s shareholders in connection with the Proposed Transactions, including the names and interests of ProCap BTC’s and ProCap Financial’s respective directors or managers and executive officers, will be set forth in the Registration Statement and Proxy Statement/Prospectus, which is expected to be filed by ProCap Financial and CCCM with the SEC. Investors and security holders may obtain free copies of these documents as described above.

No Offer or Solicitation

This communication and the information contained herein is for informational purposes only and is not a proxy statement or solicitation of a proxy, consent or authorization with respect to any securities or in respect of the potential transactions and shall not constitute an offer to sell or exchange, or a solicitation of an offer to buy or exchange the securities of CCCM or ProCap Financial, or any commodity or instrument or related derivative, nor shall there be any sale of any such securities in any state or jurisdiction in which such offer, solicitation, sale or exchange would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the requirements of the Securities Act or an exemption therefrom. Investors should consult with their counsel as to the applicable requirements for a purchaser to avail itself of any exemption under the Securities Act.

Forward-Looking Statements

This communication contains certain forward-looking statements within the meaning of the U.S. federal securities laws with respect to the Proposed Transactions involving ProCap Financial, ProCap BTC, and CCCM, including expectations, hopes, beliefs, intentions, plans, prospects, financial results or strategies regarding ProCap BTC, ProCap Financial, CCCM and the Proposed Transactions, statements regarding the anticipated benefits and timing of the completion of the Proposed Transactions, the assets held by ProCap BTC and ProCap Financial, the price and volatility of bitcoin, bitcoin’s growing prominence as a digital asset and as the foundation of a new financial system, ProCap Financial’s listing on any securities exchange, the macro and political conditions surrounding bitcoin, the planned business strategy including ProCap Financial’s ability to develop a corporate architecture capable of supporting financial products built with and on bitcoin including native lending models, capital market instruments, and future innovations that will replace legacy financial tools with bitcoin-aligned alternatives, plans and use of proceeds, objectives of management for future operations of ProCap Financial, the upside potential and opportunity for investors, ProCap Financial’s plan for value creation and strategic advantages, market size and growth opportunities, regulatory conditions, technological and market trends, future financial condition and performance and expected financial impacts of the Proposed Transactions, the satisfaction of closing conditions to the Proposed Transactions and the level of redemptions of CCCM’s public shareholders, and ProCap Financial’s expectations, intentions, strategies, assumptions or beliefs about future events, results of operations or performance or that do not solely relate to historical or current facts. These forward-looking statements generally are identified by the words “believe,” “project,” “expect,” “anticipate,” “estimate,” “intend,” “strategy,” “future,” “opportunity,” “potential,” “plan,” “may,” “should,” “will,” “would,” “will be,” “will continue,” “will likely result,” and similar expressions. Forward-looking statements are predictions, projections and other statements about future events or conditions that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this communication, including, but not limited to: the risk that the Proposed Transactions may not be completed in a timely manner or at all, which may adversely affect the price of CCCM’s securities; the risk that the Proposed Transactions may not be completed by CCCM’s business combination deadline; the failure by the parties to satisfy the conditions to the consummation of the Proposed Transactions, including the approval of CCCM’s shareholders; failure to realize the anticipated benefits of the Proposed Transactions; the level of redemptions of the CCCM’s public shareholders, which may reduce the public float of, reduce the liquidity of the trading market of, and/or maintain the quotation, listing, or trading of the Class A ordinary shares of CCCM or the shares of common stock of ProCap Financial to be listed in connection with the Proposed Transactions; the insufficiency of the third-party fairness opinion for the board of directors of CCCM in determining whether or not to pursue the Proposed Transactions; the failure of ProCap Financial to obtain or maintain the listing of its securities on any securities exchange after closing of the Proposed Transactions; risks associated with CCCM, ProCap BTC and ProCap Financial’s ability to consummate the Proposed Transactions timely or at all, including in connection with potential regulatory delays or impediments, changes in bitcoin prices or for other reasons; costs related to the Proposed Transactions and as a result of becoming a public company; changes in business, market, financial, political and regulatory conditions; risks relating to ProCap Financial’s anticipated operations and business, including the highly volatile nature of the price of bitcoin; the risk that ProCap Financial’s stock price will be highly correlated to the price of bitcoin and the price of bitcoin may decrease between the signing of the definitive documents for the Proposed Transactions and the closing of the Proposed Transactions or at any time after the closing of the Proposed Transactions; asset security and risks associated with CCCM, ProCap BTC and ProCap Financial’s ability to consummate the Proposed Transactions timely or at all, including in connection with potential regulatory delays or impediments, changes in bitcoin prices or for other reasons; risks related to increased competition in the industries in which ProCap Financial will operate; risks relating to significant legal, commercial, regulatory and technical uncertainty regarding bitcoin; risks relating to the treatment of crypto assets for U.S. and foreign tax purposes; risks that after consummation of the Proposed Transactions, ProCap Financial experiences difficulties managing its growth and expanding operations; the risks that launching and growing ProCap Financial’s bitcoin treasury advisory and services in digital marketing and strategy could be difficult; challenges in implementing ProCap Financial’s business plan, due to operational challenges, significant competition and regulation; being considered to be a “shell company” by any stock exchange on which ProCap Financial’s common stock will be listed or by the SEC, which may impact ProCap Financial’s ability to list ProCap Financial’s common stock and restrict reliance on certain rules or forms in connection with the offering, sale or resale of securities; the outcome of any potential legal proceedings that may be instituted against ProCap Financial, ProCap BTC, CCCM or others following announcement of the Proposed Transactions, and those risk factors discussed in documents that ProCap Financial and/or CCCM filed, or that will be filed, with the SEC.

The foregoing list of risk factors is not exhaustive. You should carefully consider the foregoing factors and the other risks and uncertainties described in the “Risk Factors” section of the final prospectus of CCCM dated as of May 15, 2025 and filed by CCCM with the SEC on May 19, 2025, CCCM’s Quarterly Reports on Form 10-Q and CCCM’s Annual Reports on Form 10-K that will be filed by CCCM from time to time, the Registration Statement that will be filed by ProCap Financial and CCCM and the Proxy Statement/Prospectus contained therein, and other documents that have been or will be filed by CCCM and ProCap Financial from time to time with the SEC. These filings do or will identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. There may be additional risks that neither CCCM nor ProCap Financial presently know or that CCCM and ProCap Financial currently believe are immaterial that could also cause actual results to differ from those contained in the forward-looking statements.

Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and each of CCCM, ProCap BTC, and ProCap Financial assume no obligation and do not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise. Neither CCCM, ProCap BTC, nor ProCap Financial gives any assurance that any of CCCM, ProCap BTC, or ProCap Financial will achieve their respective expectations. The inclusion of any statement in this communication does not constitute an admission by CCCM, ProCap BTC or ProCap Financial or any other person that the events or circumstances described in such statement are material.

The terms of the Proposed Transactions described in this communication, including any dollar-denominated figures or implied valuations, are based on information as of the date of the signing of the definitive business combination agreement and assume no redemptions from the CCCM trust account. These terms are subject to change, including as a result of fluctuations in the price of bitcoin prior to closing of the Proposed Transactions. There can be no assurance that the final terms at Closing will reflect the figures referenced herein.

Media Contacts

Ebony Lewkovitz
ebony@edencommunications.com

Larissa Bundziak
larissa@edencommunications.com

IR@ColumbusCircleCap.com

The MIL Network –
June 24, 2025
MIL-OSI: Anthony Pompliano Strikes $1 Billion Merger to Create ProCap Financial; Raises Over $750M in Largest Initial Fundraise in History for Public Bitcoin Treasury Company
Source: GlobeNewswire (MIL-OSI)
- ProCap Financial to strategically acquire bitcoin and generate revenue and profits from its bitcoin holdings
- Equity investors have immediate exposure to bitcoin based on structure of financing transactions
- Columbus Circle Capital Corp. I (NASDAQ: CCCM) to take ProCap Financial public
New York, NY, June 23, 2025 (GLOBE NEWSWIRE) — American investor and entrepreneur Anthony Pompliano today announced that ProCap BTC, LLC, a bitcoin-native financial services firm, has entered into a definitive agreement for a business combination with Columbus Circle Capital Corp. I (NASDAQ: CCCM), a SPAC sponsored by a controlled subsidiary of Cohen & Company, Inc.

At the closing of the proposed business combination, the combined company will operate as ProCap Financial, Inc., with up to $1 billion in bitcoin on its balance sheet. Entities in the proposed transaction raised $516.5 million in equity and $235 million in convertible notes, the largest initial fundraise in history for a public bitcoin treasury company.

Leading institutional and bitcoin-native investors participating in the financing transactions include Magnetar Capital, Woodline Partners LP, Anson Funds, RK Capital, Off the Chain Capital, Parafi, Blockchain.com, Arrington Capital, BSQ Capital Partners, and FalconX. Industry veterans such as Mark Yusko, Jason Williams, Eric Semler, Tony Guoga, and Matteo Franceschetti participated as well.

ProCap Financial aims to become the leading financial services firm at the intersection of bitcoin and traditional finance. ProCap Financial plans to use its bitcoin balance sheet to generate revenue and profit through a variety of strategies.

ProCap Financial will be led by Anthony Pompliano, who has invested in more than 300 private companies and is one of the leading voices on bitcoin globally.

“The legacy financial system is being disrupted by bitcoin,” said Pompliano. “ProCap Financial represents our solution to the increasing demand for bitcoin-native financial services among sophisticated investors. Our objective is to develop a platform that will not only acquire bitcoin for our balance sheet, but will also implement risk-mitigated solutions to generate revenue and profits from our bitcoin holdings.”

“From day one we sought to partner with a platform and a leader that could develop a transformative organization – and we found that in ProCap BTC and Anthony Pompliano,” said Gary Quin, CEO of CCCM. “Anthony’s track record as an innovative investor, operator, and early advocate in the bitcoin ecosystem speaks for itself. We believe his deep expertise and relentless conviction will help continue to transform an industry undergoing rapid evolution.”

Terms of the Proposed Business Combination and Financing Transactions

The proposed business combination (the “Business Combination”) between ProCap BTC, LLC (“ProCap BTC”) and Columbus Circle Capital Corp. I (“CCCM”) will result in ProCap Financial, Inc. (“ProCap Financial”) being a publicly listed company. In connection with the Business Combination, ProCap BTC sold $516.5 million of non-voting preferred units to investors in a private placement (the “Preferred Equity Raise”) and ProCap Financial secured commitments for $235 million in senior secured convertible notes (the “Convertible Notes”) from investors in a private placement (the “Convertible Debt Raise”, together with the Business Combination and the Preferred Equity Raise, the “Proposed Transactions”). At the closing of the Business Combination (the “Closing”), any funds remaining in the CCCM trust account will be delivered to ProCap Financial. The full proceeds of the CCCM Trust Account, assuming no trust redemptions at or prior to Closing, is included in the up to $1 billion expected to be used to purchase bitcoin for ProCap Financial’s balance sheet.

The Preferred Equity Raise was funded contemporaneously with the execution of the definitive agreements. ProCap BTC agreed to purchase bitcoin (the “BTC Assets”) using the aggregate amount of funds raised in the Preferred Equity Raise within fifteen days of the date of signing the definitive agreements. The BTC Assets will be held in a custodial account until the completion of the Business Combination, providing future shareholders of ProCap Financial with immediate exposure to bitcoin rather than waiting until after the Closing.

The Convertible Notes will be funded at the close of the Business Combination and have a 130% conversation rate, zero interest rate, and maturity of up to 36 months. The Convertible Notes will be 2x collateralized by cash, cash equivalents or a portion of the bitcoin purchased with the proceeds from the Proposed Transactions. U.S. Bank National Trust, N.A. will serve as collateral agent and trustee with regard to the Convertible Notes and associated indenture and guarantee arrangements.

At the Closing, former security holders of CCCM and former unit holders of ProCap BTC (“ProCap Holders”) will receive, as consideration in the Business Combination, newly-issued securities of ProCap Financial. The number of ProCap Financial shares issuable to the ProCap Holders at Closing will depend on the value of the BTC Assets measured as of a date shortly before the Closing, subject to a cap, and provided, also, that the ProCap Holders that are investors in the Preferred Equity Raise (as defined herein) will, at a minimum, receive such number of ProCap Financial shares as represents 1.25 times the number of preferred units delivered to such investors upon consummation of the Preferred Equity Raise, based on the trade weighted average price of the BTC Assets, as further described in the definitive agreements for the Proposed Transactions (the “Transaction Agreements”).

Prior to entering into the definitive agreement, the proposed Business Combination has been approved by the board of directors of CCCM and by the board of managers of ProCap BTC. The terms of the Transaction Agreements, including covenants and conditions to Closing reasonably customary for similar transactions, including that the Proposed Transactions and their terms be approved by requisite CCCM shareholders and by the sole voting unit holder of ProCap BTC, an entity owned and controlled by Pompliano.

The parties expect to consummate the Proposed Transactions prior to the end of 2025, after the submission for review by the U.S. Securities & Exchange Commission (the “SEC”) of a registration statement on Form S-4 to register applicable securities issuable by ProCap Financial upon consummation of the proposed Business Combination. The parties intend to take actions necessary for the Convertible Notes, upon issuance in connection with the Closing, to have an associated 144A CUSIP number on the issue date to facilitate potential post-Closing trading amongst QUIBS, but are not expected to otherwise be registered or tradeable.

The terms of the Proposed Transactions described in this release, including any dollar-denominated figures or implied valuations, are based on information as of the date of the signing of the Transaction Agreements and assume no redemptions from the CCCM trust account. These terms are subject to change, including as a result of fluctuations in the price of bitcoin prior to Closing. There can be no assurance that the final terms at Closing will reflect the figures referenced herein.

Advisors

Cohen & Company Capital Markets, a division of J.V.B. Financial Group, LLC (“Cohen & Company”) is acting as exclusive financial advisor to ProCap BTC.

Cohen & Company and Clear Street LLC are serving as joint co-placement agents in connection with the Preferred Equity Raise and Convertible Debt Raise.

Reed Smith LLP is acting as legal advisor for ProCap BTC, LLC and ProCap Financial, Inc. in connection with the Proposed Transactions.

Ellenoff Grossman & Schole LLP is acting as legal advisor to CCCM in connection with the Proposed Transactions. Ogier is acting as special Cayman Islands counsel to CCCM.

Morgan, Lewis & Bockius LLP is acting as legal advisor to the joint co-placement agents in connection with the Preferred Equity Raise and Convertible Debt Raise.

About ProCap BTC, LLC and ProCap Financial, Inc.

ProCap BTC, LLC is a bitcoin-native financial services firm founded by Anthony Pompliano. Pompliano has invested in more than 300 private companies and is one of the leading voices on bitcoin globally. ProCap Financial, Inc., the company resulting from the proposed Business Combination, will focus on implementing various profit-generating products and services to support the unique financial needs of large financial institutions and institutional investors.

About Columbus Circle Capital I
Columbus Circle Capital Corp. I (NASDAQ: CCCM) is a Cayman Islands–incorporated blank check company formed to effect a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The company is led by Chairman and CEO Gary Quin, a veteran investment banker with over 25 years of experience in cross-border M&A, private equity, and capital markets; COO Dan Nash, a skilled investment banker, with a strong track record in SPAC execution and building high-growth advisory platforms; and CFO Joseph W. Pooler, Jr., who brings decades of public company financial leadership. The board of directors includes Garrett Curran, Alberto Alsina Gonzalez, Dr. Adam Back, and Matthew Murphy.

About Cohen & Company

Cohen & Company is J.V. B. Financial Group, LLC’s full-service boutique investment bank based in New York City that provides high-touch services across strategic advisory, mergers & acquisitions, and capital markets transactions. Cohen & Company merges boutique attentiveness with institutional scale. Learn more at https://www.cohencm.com/. J.V. B. Financial Group, LLC is an indirect controlled subsidiary of Cohen & Company Inc, a financial services company specializing in an expanding range of capital markets and asset management services. Cohen and Company Inc has approximately $2.3 billion of assets under management.

About Clear Street

Clear Street Investment Banking provides a full suite of strategic advisory, transactions and creative capital solutions to companies and investors across high-growth sectors including technology, healthcare, energy and beyond. Clear Street Investment Banking is part of Clear Street, the cloud-native financial services firm delivering financing, derivatives, execution and more to power client success. Learn more at https://www.clearstreet.io/investment-banking.

Additional Information and Where to Find It

ProCap Financial, Inc. (“ProCap Financial”) and Columbus Circle Capital Corp. I (“CCCM”) intend to file with the Securities and Exchange Commission (the “SEC”) a Registration Statement on Form S-4 (as may be amended, the “Registration Statement”), which will include a preliminary proxy statement of CCCM and a prospectus (the “Proxy Statement/Prospectus”) in connection with the proposed business combination between ProCap BTC, LLC (“ProCap BTC”) and CCCM (the “Proposed Transactions”). The definitive proxy statement and other relevant documents will be mailed to shareholders of CCCM as of a record date to be established for voting on the Proposed Transactions and other matters as described in the Proxy Statement/Prospectus. ProCap Financial and/or CCCM will also file other documents regarding the Proposed Transactions with the SEC. This communication does not contain all of the information that should be considered concerning the Proposed Transactions and is not intended to form the basis of any investment decision or any other decision in respect of the Proposed Transactions. BEFORE MAKING ANY VOTING OR INVESTMENT DECISION, SHAREHOLDERS OF CCCM AND OTHER INTERESTED PARTIES ARE URGED TO READ, WHEN AVAILABLE, THE PRELIMINARY PROXY STATEMENT/PROSPECTUS, AND AMENDMENTS THERETO, AND THE DEFINITIVE PROXY STATEMENT/PROSPECTUS AND ALL OTHER RELEVANT DOCUMENTS FILED OR THAT WILL BE FILED WITH THE SEC IN CONNECTION WITH CCCM’s SOLICITATION OF PROXIES FOR THE EXTRAORDINARY GENERAL MEETING OF ITS SHAREHOLDERS TO BE HELD TO APPROVE THE PROPOSED TRANSACTIONS AND OTHER MATTERS AS DESCRIBED IN THE PROXY STATEMENT/PROSPECTUS BECAUSE THESE DOCUMENTS WILL CONTAIN IMPORTANT INFORMATION ABOUT CCCM, PROCAP BTC, PROCAP FINANCIAL AND THE PROPOSED TRANSACTIONS. Investors and security holders will also be able to obtain copies of the Registration Statement and the Proxy Statement/Prospectus and all other documents filed or that will be filed with the SEC by CCCM and ProCap Financial, without charge, once available, on the SEC’s website at www.sec.gov or by directing a request to: Columbus Circle Capital Corp. I, 3 Columbus Circle, 24th Floor New York, NY 10019, e-mail: IR@ColumbusCircleCap.com; or upon written request to ProCap Financial, Inc., 600 Lexington Ave., Floor 2, New York, NY 10022.

NEITHER THE SEC NOR ANY STATE SECURITIES REGULATORY AGENCY HAS APPROVED OR DISAPPROVED THE PROPOSED TRANSACTIONS DESCRIBED HEREIN, PASSED UPON THE MERITS OR FAIRNESS OF THE BUSINESS COMBINATION OR ANY RELATED TRANSACTIONS OR PASSED UPON THE ADEQUACY OR ACCURACY OF THE DISCLOSURE IN THIS COMMUNICATION. ANY REPRESENTATION TO THE CONTRARY CONSTITUTES A CRIMINAL OFFENSE.

The offer and sale of the convertible notes to be issued by ProCap Financial and the preferred units of ProCap BTC sold in connection with the Proposed Transactions has not been registered under the Securities Act of 1933, as amended (the “Securities Act”) and such securities may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act of 1933.

Participants in Solicitation

CCCM, ProCap BTC, ProCap Financial and their respective directors, executive officers, certain of their shareholders and other members of management and employees may be deemed under SEC rules to be participants in the solicitation of proxies from CCCM’s shareholders in connection with the Proposed Transactions. A list of the names of such persons, and information regarding their interests in the Proposed Transactions and their ownership of CCCM’s securities are, or will be, contained in CCCM’s filings with the SEC, including the final prospectus for CCCM’s initial public offering filed with the SEC on May 19, 2025. Additional information regarding the interests of the persons who may, under SEC rules, be deemed participants in the solicitation of proxies of CCCM’s shareholders in connection with the Proposed Transactions, including the names and interests of ProCap BTC’s and ProCap Financial’s respective directors or managers and executive officers, will be set forth in the Registration Statement and Proxy Statement/Prospectus, which is expected to be filed by ProCap Financial and CCCM with the SEC. Investors and security holders may obtain free copies of these documents as described above.

No Offer or Solicitation

This communication and the information contained herein is for informational purposes only and is not a proxy statement or solicitation of a proxy, consent or authorization with respect to any securities or in respect of the potential transactions and shall not constitute an offer to sell or exchange, or a solicitation of an offer to buy or exchange the securities of CCCM or ProCap Financial, or any commodity or instrument or related derivative, nor shall there be any sale of any such securities in any state or jurisdiction in which such offer, solicitation, sale or exchange would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the requirements of the Securities Act or an exemption therefrom. Investors should consult with their counsel as to the applicable requirements for a purchaser to avail itself of any exemption under the Securities Act.

Forward-Looking Statements

This communication contains certain forward-looking statements within the meaning of the U.S. federal securities laws with respect to the Proposed Transactions involving ProCap Financial, ProCap BTC, and CCCM, including expectations, hopes, beliefs, intentions, plans, prospects, financial results or strategies regarding ProCap BTC, ProCap Financial, CCCM and the Proposed Transactions, statements regarding the anticipated benefits and timing of the completion of the Proposed Transactions, the assets held by ProCap BTC and ProCap Financial, the price and volatility of bitcoin, bitcoin’s growing prominence as a digital asset and as the foundation of a new financial system, ProCap Financial’s listing on any securities exchange, the macro and political conditions surrounding bitcoin, the planned business strategy including ProCap Financial’s ability to develop a corporate architecture capable of supporting financial products built with and on bitcoin including native lending models, capital market instruments, and future innovations that will replace legacy financial tools with bitcoin-aligned alternatives, plans and use of proceeds, objectives of management for future operations of ProCap Financial, the upside potential and opportunity for investors, ProCap Financial’s plan for value creation and strategic advantages, market size and growth opportunities, regulatory conditions, technological and market trends, future financial condition and performance and expected financial impacts of the Proposed Transactions, the satisfaction of closing conditions to the Proposed Transactions and the level of redemptions of CCCM’s public shareholders, and ProCap Financial’s expectations, intentions, strategies, assumptions or beliefs about future events, results of operations or performance or that do not solely relate to historical or current facts. These forward-looking statements generally are identified by the words “believe,” “project,” “expect,” “anticipate,” “estimate,” “intend,” “strategy,” “future,” “opportunity,” “potential,” “plan,” “may,” “should,” “will,” “would,” “will be,” “will continue,” “will likely result,” and similar expressions. Forward-looking statements are predictions, projections and other statements about future events or conditions that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this communication, including, but not limited to: the risk that the Proposed Transactions may not be completed in a timely manner or at all, which may adversely affect the price of CCCM’s securities; the risk that the Proposed Transactions may not be completed by CCCM’s business combination deadline; the failure by the parties to satisfy the conditions to the consummation of the Proposed Transactions, including the approval of CCCM’s shareholders; failure to realize the anticipated benefits of the Proposed Transactions; the level of redemptions of the CCCM’s public shareholders, which may reduce the public float of, reduce the liquidity of the trading market of, and/or maintain the quotation, listing, or trading of the Class A ordinary shares of CCCM or the shares of common stock of ProCap Financial to be listed in connection with the Proposed Transactions; the insufficiency of the third-party fairness opinion for the board of directors of CCCM in determining whether or not to pursue the Proposed Transactions; the failure of ProCap Financial to obtain or maintain the listing of its securities on any securities exchange after closing of the Proposed Transactions; risks associated with CCCM, ProCap BTC and ProCap Financial’s ability to consummate the Proposed Transactions timely or at all, including in connection with potential regulatory delays or impediments, changes in bitcoin prices or for other reasons; costs related to the Proposed Transactions and as a result of becoming a public company; changes in business, market, financial, political and regulatory conditions; risks relating to ProCap Financial’s anticipated operations and business, including the highly volatile nature of the price of bitcoin; the risk that ProCap Financial’s stock price will be highly correlated to the price of bitcoin and the price of bitcoin may decrease between the signing of the definitive documents for the Proposed Transactions and the closing of the Proposed Transactions or at any time after the closing of the Proposed Transactions; asset security and risks associated with CCCM, ProCap BTC and ProCap Financial’s ability to consummate the Proposed Transactions timely or at all, including in connection with potential regulatory delays or impediments, changes in bitcoin prices or for other reasons; risks related to increased competition in the industries in which ProCap Financial will operate; risks relating to significant legal, commercial, regulatory and technical uncertainty regarding bitcoin; risks relating to the treatment of crypto assets for U.S. and foreign tax purposes; risks that after consummation of the Proposed Transactions, ProCap Financial experiences difficulties managing its growth and expanding operations; the risks that launching and growing ProCap Financial’s bitcoin treasury advisory and services in digital marketing and strategy could be difficult; challenges in implementing ProCap Financial’s business plan, due to operational challenges, significant competition and regulation; being considered to be a “shell company” by any stock exchange on which ProCap Financial’s common stock will be listed or by the SEC, which may impact ProCap Financial’s ability to list ProCap Financial’s common stock and restrict reliance on certain rules or forms in connection with the offering, sale or resale of securities; the outcome of any potential legal proceedings that may be instituted against ProCap Financial, ProCap BTC, CCCM or others following announcement of the Proposed Transactions, and those risk factors discussed in documents that ProCap Financial and/or CCCM filed, or that will be filed, with the SEC.

The foregoing list of risk factors is not exhaustive. You should carefully consider the foregoing factors and the other risks and uncertainties described in the “Risk Factors” section of the final prospectus of CCCM dated as of May 15, 2025 and filed by CCCM with the SEC on May 19, 2025, CCCM’s Quarterly Reports on Form 10-Q and CCCM’s Annual Reports on Form 10-K that will be filed by CCCM from time to time, the Registration Statement that will be filed by ProCap Financial and CCCM and the Proxy Statement/Prospectus contained therein, and other documents that have been or will be filed by CCCM and ProCap Financial from time to time with the SEC. These filings do or will identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. There may be additional risks that neither CCCM nor ProCap Financial presently know or that CCCM and ProCap Financial currently believe are immaterial that could also cause actual results to differ from those contained in the forward-looking statements.

Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and each of CCCM, ProCap BTC, and ProCap Financial assume no obligation and do not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise. Neither CCCM, ProCap BTC, nor ProCap Financial gives any assurance that any of CCCM, ProCap BTC, or ProCap Financial will achieve their respective expectations. The inclusion of any statement in this communication does not constitute an admission by CCCM, ProCap BTC or ProCap Financial or any other person that the events or circumstances described in such statement are material.

The terms of the Proposed Transactions described in this communication, including any dollar-denominated figures or implied valuations, are based on information as of the date of the signing of the definitive business combination agreement and assume no redemptions from the CCCM trust account. These terms are subject to change, including as a result of fluctuations in the price of bitcoin prior to closing of the Proposed Transactions. There can be no assurance that the final terms at Closing will reflect the figures referenced herein.

Media Contacts

Ebony Lewkovitz
ebony@edencommunications.com

Larissa Bundziak
larissa@edencommunications.com

IR@ColumbusCircleCap.com

The MIL Network –
June 24, 2025