The 1,100-page bill would slash incentives for green technologies such as solar, wind, batteries, electric cars and heat pumps while subsidizing existing nuclear power plants and biofuels. That would leave the country and its people burning more fossil fuels despite strong popular and scientific support for a rapid shift to renewable energy.
The bill may still be revised by the Senate before it moves to a final vote. But it is a picture of how President Donald Trump and congressional Republicans want to reshape U.S. energy policy.
As an environmental engineering professor who studies ways to confront climate change, I think it is important to distinguish which technologies could rapidly cut emissions or are on the verge of becoming viable from those that do little to fight climate change. Unfortunately, the House bill favors the latter while nixing support for the former.
However, the House bill rescinds billions of dollars that the Inflation Reduction Act, enacted in 2022, devoted to boosting domestic manufacturing and deployments of renewable energy and batteries.
Deployments would be hit even harder. Wind, solar, geothermal and battery projects would need to commence construction within 60 days of passage of the bill to receive tax credits.
In addition, the bill would deny tax credits to projects that use Chinese-made components. Financial analysts have called those provisions “unworkable,” since some Chinese materials may be necessary even for projects built with as much domestic content as possible.
Wind turbines and solar panels generate renewable energy side by side near Palm Springs, Calif. Mario Tama/Getty Images
Efficiency and electric cars
Cuts fall even harder on Americans who are trying to reduce their carbon footprints and energy costs. The bill repeals aid for home efficiency improvements such as heat pumps, efficient windows and energy audits. Homeowners would also lose tax credits for installing solar panels and batteries.
For vehicles, the bill would not only repeal tax credits for electric cars, trucks and chargers, but it also would impose a federal $250 annual fee on vehicles, on top of fees that some states charge electric-car owners. The federal fee is more than the gas taxes paid by other drivers to fund highways and ignores air-quality and climate effects.
For new nuclear plants, the bill would move up the deadline to 2028 to begin construction. That deadline is too soon for some new reactor designs and would rush the vetting of others. Nuclear safety regulators are awaiting a study from the National Academies on the weapons proliferation risks of the type of uranium fuel that some developers hope to use in newer designs.
The House-passed bill would protect government subsidies for existing nuclear power plants, like the one in the background, while limiting support for wind turbines. Scott Olson/Getty Images
The bill would end tax credits for hydrogen production. Without that support, companies will be unlikely to invest in the seven so-called “hydrogen hubs” that were allocated a combined $8 billion under the Bipartisan Infrastructure Law in 2021. Those hubs aim to attract $40 billion in private investments and create tens of thousands of jobs while developing cleaner ways to make hydrogen.
The repealed tax credits would have subsidized hydrogen made emissions-free by using renewable or nuclear electricity to split water molecules. They also would have subsidized hydrogen made from natural gas with carbon capture, whose benefits are impaired by methane emissions from natural gas systems and incomplete carbon capture.
As Congress deliberates on the One Big Beautiful Bill Act, the nation’s energy agenda is one of many issues being hotly debated. Kevin Carter/Getty Images
Summing it up
The conservative Tax Foundation estimates that the House bill would cut the Inflation Reduction Act’s clean energy tax credits by about half, saving the government $50 billion a year. But with fewer efficiency improvements, fewer electric vehicles and less clean power on the grid, Princeton’s Jenkins projects American households would pay up to $415 more per year for energy by 2035 than if the bill’s provisions were not enacted. If the bill’s provisions make it into law, the extra fossil fuel-burning would leave annual U.S. greenhouse gas emissions 1 billion tons higher by then.
No one expected former President Joe Biden’s Inflation Reduction Act to escape unscathed with Republicans in the White House and dominating both houses of Congress. Still, the proposed cuts target the technologies Americans count on to protect the climate and save consumers money.
Daniel Cohan receives funding from the Carbon Hub at Rice University.
Source: United States Department of Defense (video statements)
Defense Secretary Pete Hegseth commemorates the 81st anniversary of the D-Day landings by American and Allied troops during a ceremony at Normandy American Cemetery in Colleville-sur-Mer, France. June 6, 2025.
For more on the Department of Defense, visit: http://www.defense.gov
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Older adults have large digital archives that can be hard to access after their deaths.picture alliance/Getty Images
From family photos in the cloud to email archives and social media accounts, the digital lives of Americans are extensive and growing.
According to recent studies by the password management companies NordPass and Dashlane, the average internet user maintains more than 150 online accounts. Individuals produce hundreds of gigabytes of data each year. But few people have plans for what happens to that digital legacy after they die.
Unlike physical possessions, online assets often don’t pass smoothly from one generation to the next. Loved ones struggle to access important accounts or recover treasured photos. Many families face these challenges while already overwhelmed with grief.
Most tech companies haven’t kept up with this reality. Fewer than 15% of popular online platforms have clear systems for handling a user’s death, and customer support is often limited, according to our new study. As people’s “digital footprints” expand, the lack of planning has become both a practical and emotional burden for families. This is especially true for older adults who may not be aware of the steps required to manage their digital estate.
We realized there was no organization or comprehensive website to help people navigate the technical, privacy or practical challenges they were facing. In response, we launched what we believe is a first-of-its-kind solution: the Digital Legacy Clinic.
Our clinic opened in late 2024. The free clinic offers support both to people planning for the end of their digital lives and to those managing the digital estates of loved ones who have died.
Led by students and housed in the University of Colorado, Boulder’s Information Science department, the clinic operates much like a pro bono law clinic. Community members in the Denver and Boulder areas, as well as from across the country, can contact the clinic for help.
First, a person interested in getting support fills out a simple form. Then, a member of the clinic will send a follow-up email to clarify and offer preliminary advice. Since every case is different, often clinic workers will then meet via Zoom with a client to create a personalized plan for them and their family.
How the clinic helps
The clinic offers guidance on a wide range of digital estate concerns, including setting up digital legacy tools such as trusted contacts on Google and Apple or legacy contacts on Facebook – someone you choose to manage your main profile after you’ve died. People can also get guidance on how to memorialize or delete social media or other online accounts after a loved one has died.
For example, Facebook allows you to either memorialize an account or request its removal. To memorialize it, you’ll need to submit a form with the person’s name, date of death, proof of passing, such as an obituary, and verify your relationship to the deceased. Including these steps can help your loved ones manage a digital legacy with clarity and care.
The clinic also helps people recover and preserve digital assets. That includes photos, videos, emails and other important documents, such as legal documents stored on a Google Drive.
For those who are planning for after they die, the clinic can guide them in creating a digital estate plan. That plan might include inventorying online accounts, documenting login credentials and leaving instructions for account closure, or determining steps to email the documents to your lawyer.
Students supporting their community
The ongoing work of the clinic is run entirely by undergraduate and graduate students, who build and maintain the clinic’s website, manage the client intake process and research solutions tailored to each case.
For the students, it’s a hands-on learning opportunity that connects academic work to real-world needs. The experience is also professionally valuable. Students learn how to communicate complex tech topics with empathy, navigate privacy laws and manage sensitive data responsibly.
A resource for older adults
While the Digital Legacy Clinic is available to people across the country, its location in Boulder makes it especially accessible to older adults in the Boulder and Denver areas who may prefer or benefit from in-person support.
For older adults, the Digital Legacy Clinic can help them organize their digital lives and make passing their digital archives on to their families easier. Robert Alexander/Getty Images
For older adults, the clinic can play a crucial role in helping them organize their digital lives while they’re still alive. This can reduce confusion for loved ones later and even help prevent issues such as identity theft or account misuse. Many older adults now maintain extensive online presences, but they may not have the tools or knowledge to ensure their accounts are secure and accessible to people they trust.
Jed Brubaker currently receives research funding from the National Science Foundation and Google. In the past he has recieved research funding from Facebook and Mozilla. During 2014-2020 he worked as a research for the Legacy Contact and Memorialized Profile features at Facebook.
Dylan Thomas Doyle does not work for, consult, own shares in or receive funding from any company or organization that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.
Source: United Kingdom – Executive Government & Departments
Scientists comment on news that the UK government is investing in a nuclear plant at the Sizewell C site and a small modular reactor programme.
Prof Patrick Regan, Professor of Nuclear Metrology, University of Surrey, said:
“The announcement that the UK government has committed £14.2bn of investment to build European Pressurized Reactors (EPRs) at the Sizewell C site will contribute to the UK tackling the delicate balance between ever-increasing secure energy requirements and our commitment to achieving net-zero. The EPRs planned at Sizewell C represent Generation 3+ technology and build on more than 70 years of operational reactor experience worldwide to provide the cleanest, safest and most efficient form of nuclear power yet.
“This large investment, however, brings with it the obvious need to produce and maintain a highly skilled, expert workforce related to all phases of the Sizewell C project. Science and Engineering Apprentice, Graduate and Post-Graduate training in areas such as chemical engineering, material science, nuclear physics & radiochemistry, environmental monitoring, radiation measurement and health physics will be key in enabling ‘life-long’ UK-based careers in this industry, in line with such a far horizon project. This is a long-term investment in the UK’s national infrastructure, and it needs a skilled workforce to ensure its ultimate success.”
Dr Phil Johnstone, Principal Research Fellow, University of Sussex Science Policy Research Unit, Patron of Nuclear Information Service, Member of Sussex Energy Group, and Member of Nuclear Consultation Group:
Is this a good move?
“The decision on Sizewell C is a bad move. It will likely lead to increasing costs for UK electricity consumers and represents a significantly slower means of combatting climate change than alternative options. The announcement comes alongside the decision to select submarine reactor manufacturer Rolls Royce as the winning bidder to develop Small Modular Reactors. These are part of the same underlying goal: to sustain the UK military nuclear industrial base via subsidies from civil nuclear power, with democratic scrutiny of this strategy almost entirely absent.”
Prof Andy Stirling, professor of science and technology policy at the University of Sussex Science Policy Research Unit:
Is this a good move (or not) when it comes to energy and fossil fuels?
“It is well acknowledged behind the scenes (but denied in public), that this move is more intended to support the kind of nuclear industrial base needed for military than for climate reasons. Nuclear power stations like Sizewell C are so slow and expensive compared to renewables and storage strategies, that they erode rather than enhance climate action.”
What does this mean for UK energy production? Is there overspeculation?
“This will make UK energy production needlessly more expensive, less secure and less effective in climate terms, than if the same money had been spent on renewables and energy storage.”
What does the science say?
“On this as on many other policy issues, what counts as ‘the science’ is more uncertain and context-dependent than any side typically implies. If either nuclear advocates or critics claim their arguments to be uniquely or unequivocally science-based then that is a sign that they are seeking to mislead.”
Dr Sarah Darby, Emerita Research Fellow, Energy Programme, Environmental Change Institute, University of Oxford, said:
“The argument that building Sizewell C will be markedly cheaper and quicker than Hinkley C is weak. Hinkley C is ‘first of a kind’ in the UK but has the same design as Olkiluoto in Finland and Flamanville in France. These two have been, respectively, over 10 years late and almost four times over budget [1] and over 12 years late and over four times over budget in real terms [2,3]. Neither is yet working reliably [4,5].
“The unfinished Hinkley C was reported by EdF last year as already 90% over budget and 7 years late – and EdF do not expect it to be finished before 2029-31.
“In the light of these figures from three power plants of the same design as SZC, Ed Miliband’s forecast of a 10-year build time looks wildly optimistic. Where cost and complexity are concerned, there is the additional concern about the SZC site being on a flood-prone and eroding coastline, with sea levels on the rise.
“EdF are now wholly owned by the French government, following their extreme financial difficulties, and it is unclear whether they will take any stake at all in SZC. This is hardly a vote of confidence in the prospects of their own design.
“The argument that nuclear build helps with climate goals is similarly weak. New nuclear would arrive too late to assist – renewables already supply over half of UK generation [6] – and are on the rise. The massive sums involved are money not spent on quicker and more effective moves towards energy transition. Bloomberg NEF’s latest assessment of energy transition investment trends* refers to renewables, energy storage, electric vehicles, and power grids as ‘proven, commercially scalable [and with] established business models’, yet categorises nuclear power as an ‘emerging’ technology, with investment held back by lack of affordability and technology maturity [7].
“Nuclear is being presented by the Government as complementary to renewables, for ‘when the sun doesn’t shine and the wind doesn’t blow’. But what we need for these times – and for times of abundant renewable supply – is flexibility from storage and demand-side response, not large-scale inflexible power plants that cannot easily be turned down or up and that can be shut down at a moment’s notice [5,8].
“As so often, the debate is focused on supply rather than demand – what we use energy for. The government are citing figures of a doubling of demand by 2050 that are certainly not set in stone and likely to be exaggerated. AI demands are the new kid on the block but, as DeepSeek has shown, they need not be nearly as high as is often made out. There is still plenty of scope to improve energy security through energy efficiency, allied with storage and demand-side response, without compromising quality of life [9].
“Successive governments have already sunk £6.4bn of taxpayers’ money into Sizewell C, but this is no reason to compound the error. A further £14.2bn is substantial but falls a long way short of the £40bn ‘overnight’ cost estimated by the FT [10]. Further, this £40bn estimate does not take into account the costs of capital, decommissioning and disposal of waste. The last of these is itself a topic of major concern to the Public Accounts Committee [11].
“It is not too late to avoid a FID for Sizewell C and to steer funding in more productive directions, including modernisation of the electricity grid, energy efficient buildings and transport systems, and storage. Such investment could create jobs and improve living conditions around the country.”
Stephanie Baxter, Head of Policy, Institution of Engineering and Technology, said:
“The £14.2 billion of funding announced today for the development of Sizewell C, alongside selecting Rolls-Royce SMR as the preferred bidder to develop the UK’s first small modular reactors, marks an important step forward towards nuclear playing a significant role in the UK’s energy mix.
“Nuclear infrastructure, both large and small, will be needed in our energy system if the UK is to have a secure, affordable and sustainable energy system for 2030 and beyond. However, the Government must also take a whole system view of the wider energy system to ensure new nuclear infrastructure compliments other energy generation and distribution resources currently deployed and being developed.
“Significant infrastructure projects such as these rely on long-term stability – in the supply chain, regulations and the skills pipeline. That is why today’s announcements must be backed up by clear plans for delivery, including engagement with local communities.
“These ambitions will also not be met without the skilled engineering and technician workforce that will be critical to delivering and maintaining new nuclear infrastructure.
“Great British Energy must work closely with Skills England to ensure that these plans are backed by a long-term workforce strategy to deliver skilled job opportunities across the country – both by training up new workers in schools and colleges, and upskilling/reskilling the existing workforce through flexible funding in the Growth and Skills Levy.”
Will Davis, Nuclear Expert and a Member of the Institution of Engineering and Technology’s Sustainability and Net Zero Policy Centre, said:
“Today’s announcements are a clear demonstration of the government’s long-term commitment to low-carbon energy security, extending beyond the 2030 clean power target and taking concrete steps toward achieving net zero by 2050.
“To meet our net zero ambitions, we must significantly scale up electricity generation – by two to three times current levels – and this will only be possible through large-scale projects like Sizewell C and the Small Modular Reactor (SMR) programme.
“While these developments are both welcome and necessary, the UK nuclear industry must address its ongoing credibility challenges around delivering projects on time and within budget. Unlike the UK’s Hinkley Point C, nuclear projects in countries like China and the UAE have avoided major delays. Learning from these international examples is essential if we are to attract private investment and reduce reliance on gas-fired power stations.
“The selection of a preferred bidder for the SMR fleet is a long-awaited milestone – over a decade in the making – and we’re pleased to see it finally progressing.
“The clarification of roles between Great British Energy and Great British Energy – Nuclear, with NESO overseeing the critical upgrades to our national electricity infrastructure is welcomed. These upgrades are vital and must be properly funded, not treated as an afterthought.
“With the announcements on Sizewell C and SMRs, we urge the government to clarify its position on future gigawatt-scale nuclear projects, such as the previously proposed development at Wylfa.
“New nuclear power stations require a high-tech supply chain and a highly skilled workforce. Investment in key manufacturers like Sheffield Forgemasters is encouraging, but broader supply chain investment hinges on project certainty – contracts must be signed.
“The IET continues to support the sector through initiatives like the Nuclear Skills Taskforce. We’re also pleased to see continued investment in STEP, the UK’s prototype fusion power plant. A £2.5 billion commitment is significant and deserves more visibility.
“However, we note the absence of updates on advanced nuclear technologies, which could play a crucial role in decarbonising hard-to-abate sectors such as steelmaking and hydrogen production. We hope to see further clarity on this soon.”
Dr Lewis Blackburn, Lecturer in Nuclear Materials, University of Sheffield, said:
“Today the UK government demonstrated a clear and renewed commitment to nuclear fission as a means to achieve Net Zero, a key goal that was outlined in the 2024 White Paper “Civil Nuclear: Roadmap to 2050”. This comes in the form of an approximately £14B commitment to the Sizewell C project, comprising two EPR (European Pressurised Reactors) delivering a total of 3.2 GWe. The project is forecast to support 70k jobs and produce enough energy to power 6M UK homes. Today’s news also comes alongside an announcement that Rolls-Royce have been identified as the preferred bidder to construct the UK’s first Small Modular Reactors (SMR) – a fleet of smaller fission reactors designed to be built ‘modular’ on a production line, prior to shipping and assembly on-site.
“The UK faces a potential skills challenge in the field of nuclear engineering and projects like Sizewell C and Rolls-Royce SMR offer an exciting opportunity to build a skills pipeline, increasing the number and diversity of people entering the nuclear workforce, and bolstering the supply chain.
“In order for the UK to maintain its international reputation as a leader in civil nuclear, it must continue to invest heavily in new infrastructure, the wider industrial supply chain and R&D. Thus, producing the next generation of nuclear expertise in both the industrial and academic sectors, equipping them with the skills required for the UK to continue to utilise nuclear fission, safely, for generations to come.
“An important aspect of this is ensuring that highly radioactive waste, generated as a by-product of nuclear fission, is not passed onto future generations and is permanently disposed of. In this area, the UK is in the process of siting a geological disposal facility – a dedicated site wherein intermediate and high-level radioactive waste will be isolated from the wider environment permanently. The international consensus in the wider scientific and technical community is that this is the only feasible way to safely manage such wastes, ensuring passive safety. This is the focus of significant R&D in both the technical and academic space.”
Dr Mark Foreman, Associate professor of Nuclear Chemistry / Industrial Materials Recycling, Chalmers University of Technology, Sweden, said:
“Building a new power plant based on light water reactors at Sizewell is a good idea, it will provide a reliable supply of electric power which will help society reduce its dependency on fossil fuels. I hold the view that it will be a safe means of providing for the energy needs of society. Many critics of nuclear power use the example of the Chornobyl accident to argue that all nuclear power plants are unsafe. This is unreasonable, operating the Chornobyl reactor in the same way as it was just before the accident can be thought of as like roller blading along the M1. While running modern (or even a 1980s era) light water reactor is like calmly driving a Volvo equipped with all the latest safety features along the M1.”
Prof Robin Grimes FRS FREng, Professor of materials physics, Imperial College London, said:
“Large plants such as Hinckley, currently under construction and this announced plant at Sizewell are very good at providing constant base load electricity capacity. They are also good for supporting grid stability and providing inertia. Of course they offer generation diversity and energy security. They will offer these benefits for many decades. As we turn to more electricity use to reduce carbon emissions we will need more nuclear electrify. However, large plant are less good at helping with the inherent intermittency of renewables. For this we need the greater flexibility as provided by small modular reactors or the higher temperatures of advanced modular reactors which offer access to more technology options for decarbonisation. I therefore see this announcement as part of the systems approach by which we progress to greater energy security and decarbonisation.”
Prof David Armstrong, Professor of Materials Science and Engineering (Department of Materials), University of Oxford, said:
“This is excellent news for the UK energy landscape. As the UKs aging AGR fleet retires new baseload energy is required. Sizewell C will sit alongside Hinkley Point B to provide sustainable emission free baseload energy complementing the growing wind and solar power and making a significant contribution to UK energy security.”
Dr Iain Staffell, Associate Professor of Sustainable Energy at the Centre for Environmental Policy, Imperial College London, said:
“Today’s decision is an important one, but even with Hinkley C and Sizewell C, the UK’s nuclear capacity in the 2030s will still be below its 1990s peak.
“After a decade of dithering, Sizewell C is a litmus test of the UK’s ability to deliver complex infrastructure on schedule.
“This deal lives or dies on its delivery. Sizewell C must be built on time and on budget, learning from the (many) mistakes from Hinkley Point C and other UK mega-projects.
“Nuclear power offers a strong energy security hedge. Fuel and key parts can be stockpiled, insulating consumers from foreign instability and gas price spikes.
“Sizewell C won’t start generating for nearly a decade if it is built on time, so it only just contributes towards the Government’s 2035 clean-power goal. But, it is building for the long-term, and will deliver carbon-free electricity well into the 2080s.
“People are rightly concerned by the environmental impacts and emissions from the enormous construction project, but compared to the scale of energy production over the next six decades, nuclear remains one of the cleanest power sources we have.
“The upfront cost is undoubtedly high. £14 billion could fund around 10 GW of offshore wind versus just 3.2 GW of nuclear. But, these reactors will run day and night, especially valuable when the wind is not blowing.”
Louis Barson, the Institute of Physics Director of Science, Innovation and Skills said:
“It is good to see this decision made about developing Sizewell C. New nuclear will play a vital role in bringing reliable, secure and affordable power to new markets, decarbonising industry and helping countries meet their net zero commitments – as part of our future low-carbon energy mix.
“But we need to make sure we also pay attention to the desperate need for hundreds of thousands of skilled workers to support both this project and the development of smaller, modular, nuclear reactors.
“Signing off on Sizewell C is only half the picture, we need the nuclear-ready scientific workforce to make it a reality: that means more physics teachers, well-funded physics departments in universities and a healthy pipeline of physics talent.”
Tom Greatrex, Chief Executive, Nuclear Industry Association, said:
On Sizewell C Given Go-Ahead from Government
“This is a momentous day for Sizewell C and for the British nuclear programme. Sizewell C is one of Britain’s most important clean power projects, and will give the country the jobs, the economic growth and the energy security we need to ensure a secure and reliable power supply for the future. This record investment confirms the government is serious about building new nuclear and all the economic benefits that come with it, and will be welcomed in communities the length and breadth of Britain.”
On Rolls-Royce SMR Winning the UK SMR Competition
“This is a hugely significant moment for Rolls-Royce SMR and for the British nuclear programme. These SMRs will provide essential energy security and clean power alongside large scale reactors, all the while creating thousands of well-paid, skilled jobs, opportunities for growth right across the country and significant export potential. We look forward to working with Rolls-Royce SMR and all other potential SMR vendors, including those not successful today, on making Britain the best place to build new nuclear anywhere in the world.”
Prof Mark Wenman, Professor in Nuclear Materials, Imperial College London, said:
“This is a big step forward. Since the 1990s the amount of nuclear energy the UK produces has been steadily declining from around 12 to 4.5 GWe today. Sizewell C will help reverse this trend and further provide the UK with energy security. It will help balance the grid with the increase of renewables, replace fossil fuel plants and protect us against potential blackouts, as recently seen in Spain. Whilst the costs may seem high initially, this needs to be balanced against the fact that these reactors will produce low carbon electricity for 80 or possibly 100 years, 24/7, providing around a tenth of the current UK electricity needs. Once paid for, nuclear reactors produce the cheapest electricity of any kind, so this investment should be seen as future proofing the UK electricity system.”
Prof Adrian Bull,Chair in Nuclear Energy and Society, Dalton Nuclear Institute, University of Manchester, said:
“It’s very welcome news to see the announcements today of Government support for a new wave of nuclear power in this country. We’ve known for decades that reliance on imported gas could ruin the environment – but recent years showed us that it can ruin the economy too. Nuclear gives much-needed resilience against global fossil fuel prices, without emitting the gases that cause climate change, so it’s excellent news that we are going to see new plants – both large and small – built.
“I’m especially pleased that we have finally got over our national phobia of replicating a previous project. We’ve never done that in our UK nuclear fleet before, but the rest of the world learned ages ago that series construction is the route to certainty over the time and budget for such projects. Doing the same things at Sizewell which we have already done at Hinkley Point is much easier than starting from scratch to build a massively complex plant for the first time.
“The announcement of Rolls Royce as the winner of the SMR competition is a welcome sign of progress, but it’s disappointing to see only one winner selected, when we had all anticipated more. Government has long been supporting the Rolls Royce SMR project – with over £200m of public funds provided already – so it was inconceivable they would not be on the podium at the end of the race. Seeing them there alone makes the two years spent by Great British Nuclear on running a competition look like time and effort that could have been better spent.
“Overall though, these nuclear plants – whilst not cheap – will produce reliable, low carbon electricity around the clock and will most likely do so for the best part of a century. This is an investment in our grandchildren’s future as well as helping towards our 2050 climate goal.”
Prof Dame Sue Ion GBE FREng FRS, a Fellow of the Royal Academy of Engineering, said:
“It’s really good news that the Government is finally taking steps to ensure that nuclear energy plays the vital role it should in achieving significant quantities of stable low carbon electricity. Perhaps as importantly, if not more so, is the news that Rolls Royce’s Small Modular Reactor has been selected as the technology of choice to progress the opportunity presented by SMRs. These systems are designed from the outset to be modular, with modern construction techniques using much more factory fabrication, so they will be faster and easier to build.”
Prof Tom Scott, Professor in Materials, University of Bristol, said:
“This is an extremely important strategic step for the UK towards achieving net zero carbon emissions. Nuclear energy is a safe, secure and reliable form of electricity generation. With the lessons learnt from the Hinkley Point C project, and with the experienced workforce and supply chain that has been established because of it, my expectations are high for the delivery of Sizewell C at a much lower cost and shorter timescale.
“The announcement about Government investment in Sizewell C and more excitingly, about the investment in Small Modular Reactors (SMRs), really shows the Government’s understanding and commitment towards nuclear as a key part of the solution towards achieving zero carbon emissions in the UK.
“SMRs offer the potential for providing new nuclear power stations much faster and more cheaply than conventional large-scale light water reactors like Hinkley Point C. Ultimately, the roll-out of SMRs delivered by British companies like Rolls-Royce will help to keep our electricity prices low whilst also generating high-value jobs across the U.K. This is a smart investment for the UK.”
Dr Mark Foreman, Associate professor of Nuclear Chemistry / Industrial Materials Recycling, Chalmers University of Technology, Sweden, said:
“Building a new power plant based on light water reactors at Sizewell is a good idea, it will provide a reliable supply of electric power which will help society reduce its dependency on fossil fuels. I hold the view that it will be a safe means of providing for the energy needs of society. Many critics of nuclear power use the example of the Chornobyl accident to argue that all nuclear power plants are unsafe. This is unreasonable, operating the Chornobyl reactor in the same way as it was just before the accident can be thought of as like roller blading along the M1. While running modern (or even a 1980s era) light water reactor is like calmly driving a Volvo equipped with all the latest safety features along the M1.”
Prof Adrian Bull: “I am a (paid) part time Professor at the Dalton Nuclear Institute, part of the University of Manchester; I am a (paid) consultant for US nuclear communications consultancy Full On Communications; I am an (unpaid) Board member of the Northern Nuclear Alliance; I am an (unpaid) Trustee of the Nuclear Institute; and am also the President-Elect, taking over in Jan 2026.”
Prof Dame Sue Ion: “Sue is Honorary President of the National Skills Academy for Nuclear.” “Sue is also a member of the Nuclear Regulatory Task Force.”
Prof Tom Scott: “In terms of interests, I am Director of the Spur West Nuclear Hub and Professor of Nuclear Materials at the University of Bristol sponsored by the Royal Academy of Engineering and the UK Atomic Energy Authority.
The nuclear hub is a consortium of academic, industrial and governmental partners coalescing around the requirement for research, skills and innovation in the UK nuclear sector.”
Dr Mark Foreman: “I have worked on advanced nuclear reprocessing for years and have also have worked on nuclear reactor safety issues. I have done and supervised research on the chemistry of nuclear accidents.”
Prof Mark Wenman “I have previously received funding for research from EDF Energy, Rolls-Royce, the UK National Nuclear Lab”
Tom Greatrex “The NIA is funded by its 320 member companies from across the civil nuclear industry.”
Dr Iain Staffell “I receive industry funding from a several companies in the UK and European energy sector, I try to keep this balanced so as not to over-represent any one technology or organization. Recent funding sources include: Drax, Octopus, SSE, HM Government, NESO (National Grid), EWE, Aurora, Baringa, Shell, Uniper, SLB, and the World Bank.”
Prof David Armstrong “I’ve had funding from UKAEA, Rolls Royce and EdF for research and students over the last 20 years.”
Prof Robin Grimes “I am a non-executive director of UKAEA and receive research funding from the UK national nuclear laboratory.”
Dr Mark Foreman “I do not currently get any money from the nuclear industry, I do not stand to make any money from the sales of nuclear products / technology. I have not been employed by the nuclear industry. I think that in terms of conflicts of interest I have none.”
Dr Lewis Blackburn“He receives funding from industry via Nuclear Decommissioning Authority, National Nuclear Laboratory, and Nuclear Waste Services”
Stephanie Baxter “No conflicts of interest.”
Will Davis “No conflicts of interest.”
Prof Andy Stirling “no conflicts of interest to declare.”
Dr Phil Johnstone “no conflicts of interest to declare.”
Dr Sarah Darby “I have no conflicts of interest to declare.”
For all other experts, no reply to our request for DOIs was received.
Stockholm, 10th of June 2025 – Today Virtune announces that it has finalized its monthly rebalancing for Virtune Crypto Top 10 Index ETP, listed on Nasdaq Stockholm for both the SEK-denominated (ISIN code SE0020052207, ticker name VIR10SEK) and the EUR-denominated (ISIN code SE0020052215, ticker name VIR10EUR) ETP.
In addition to the Virtune Crypto Top 10 Index ETP, Virtune’s product portfolio includes:
In connection with this month’s rebalancing, there is change in the crypto assets included in the index. Stellar has entered the index. Virtune Crypto Top 10 Index ETP SEK outcome for May was +14.58%.
The rebalancing is carried out according to the index that the ETP tracks, the Virtune Crypto Top 10 Index. The purpose of the monthly rebalancing is to ensure that the ETP always reflects the current market conditions and to effectively absorb volatility in the crypto market.
In May, the crypto market continued to show strength, led by Ethereum with a notable gain of +41.1%. Uniswap also rebounded significantly, increasing by +15%. Bitcoin posted a solid rise of +11.1%, followed by Solana and Litecoin with gains of +6.11% and +4.29%, respectively.
The performance of the crypto assets included in Virtune Crypto Top 10 Index ETP in May:
Virtune’s crypto index ETP is the first of its kind in the Nordic region. The ETP includes up to 10 leading crypto assets that are part of the Nasdaq Crypto Index, based on their total market capitalization, with a maximum weight of 40% per crypto asset to promote diversification. This allows investors to benefit from broad exposure to the crypto market without being heavily concentrated in any single crypto asset.
If you, as an (institutional) investor, are interested in meeting with Virtune to discuss the opportunities our ETPs offer for your asset management services or to learn more about Virtune and our ETPs, please do not hesitate to contact us at hello@virtune.com. You can also read more about Virtune and our ETPs at www.virtune.com and register your email address on our website to subscribe to our newsletters, which cover updates on Virtune’s upcoming ETP launches and other news related to digital assets.
Press contact Christopher Kock, CEO Virtune AB (Publ) Christopher@virtune.com +46 70 073 45 64
Virtune with its headquarters in Stockholm is a regulated Swedish digital asset manager and issuer of crypto exchange traded products on regulated European exchanges. With regulatory compliance, strategic collaborations with industry leaders and our proficient team, we empower investors on a global level to access innovative and sophisticated investment products that are aligned with the evolving landscape of the global crypto market.
Cryptocurrency investments are associated with high risk. Virtune does not provide investment advice. Investments are made at your own risk. Securities may increase or decrease in value, and there is no guarantee that you will recover your invested capital. Please read the prospectus, KID, terms atwww.virtune.com.
SINGAPORE, June 10, 2025 (GLOBE NEWSWIRE) — Primech AI Pte. Ltd. (“Primech AI” or the “Company”), a subsidiary of Primech Holdings Limited (Nasdaq: PMEC), today announced that it has been named Winner in the Robotics category at the prestigious Singapore Business Review (SBR) Technology Excellence Awards 2025. This recognition underscores Primech AI’s commitment to innovation and leadership in the robotics industry and its ongoing efforts to drive technological advancements that enhance productivity and transform industries.
The SBR Technology Excellence Awards celebrate the achievements of Singapore’s top technology companies and innovators, highlighting organizations that have made significant contributions to the nation’s digital transformation journey. As detailed in the official SBR announcement, this year’s ceremony recognized outstanding projects and solutions shaping the future of technology in Singapore and beyond.
Primech AI’s award-winning robotics solutions have set new benchmarks for efficiency, reliability, and intelligent automation. HYTRON model incorporates the NVIDIA Jetson Orin Super, a state-of-the-art System-on-Module (SoM) designed for robust edge AI and robotics applications. Known for its compact size and powerful AI capabilities, the NVIDIA Jetson Orin Super facilitates high-energy efficiency and superior AI processing at the edge, empowering HYTRON to deliver enhanced performance in autonomous toilet cleaning. By leveraging cutting-edge artificial intelligence, Primech AI continues to develop advanced robotic systems that address the evolving needs of businesses across multiple sectors.
“We are honored to be recognized by the Singapore Business Review for our contributions to robotics and technology innovation,” said Charles Ng, Co-Founder and Chief Operating Officer at Primech AI. “This award is a testament to the dedication and ingenuity of our team, and it motivates us to continue pushing the boundaries of what robotics can achieve for our clients and the community.”
For more information about the SBR Technology Excellence Awards 2025 and the full list of winners, please refer to the official announcement by Singapore Business Review.
About Primech AI Primech AI is a leading robotics company dedicated to pushing the boundaries of innovation in technology. With a team of passionate individuals and a commitment to collaboration, Primech AI is poised to revolutionize the robotics industry with groundbreaking solutions that make a meaningful impact on society. For more information, visitwww.primech.ai.
About Primech Holdings Limited Headquartered in Singapore, Primech Holdings Limited is a leading provider of comprehensive technology-driven facilities services, predominantly serving both public and private sectors throughout Singapore. Primech Holdings offers an extensive range of services tailored to meet the complex demands of its diverse clientele. Services include advanced general facility maintenance services, specialized cleaning solutions such as marble polishing and facade cleaning, meticulous stewarding services, and targeted cleaning services for offices and homes. Known for its commitment to sustainability and cutting-edge technology, Primech Holdings integrates eco-friendly practices and smart technology solutions to enhance operational efficiency and client satisfaction. This strategic approach positions Primech Holdings as a leader in the industry and a proactive contributor to advancing industry standards and practices in Singapore and beyond. For more information, visit www.primechholdings.com.
Forward-Looking Statements Certain statements in this announcement are forward-looking statements, including, for example, statements about completing the acquisition, anticipated revenues, growth, and expansion. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy, and financial needs. These forward-looking statements are also based on assumptions regarding the Company’s present and future business strategies and the environment in which the Company will operate in the future. Investors can find many (but not all) of these statements by the use of words such as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “likely to” or other similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure that such expectations will be correct. The Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company’s registration statement and other filings with the SEC.
ORLANDO, Fla., June 10, 2025 (GLOBE NEWSWIRE) — Abacus Global Management, Inc. (“Abacus” or the “Company”) (NASDAQ: ABL), a leader in the alternative asset management space, today provided the following response to last week’s false and misleading short attack.
Our shareholders have been subjected to a false and uninformed short attack. The short seller’s report published on June 4, 2025 makes two key allegations: first, that Abacus relies too heavily on a single life expectancy provider (Lapetus Solutions), and second, that this reliance has significantly inflated our balance sheet valuation. Both are incorrect.
Abacus remains resolute in our process, valuation methodology, and the benefit we provide to both policyholders and investors. Our market coverage analysts share this sentiment as well, and have supported our process with published statements and maintained buy, outperform, or overweight ratings on our stock:
Autonomous/Bernstein: “Abacus Global Management – Morpheus Misleading,” June 4, 2025 (with follow up on June 9, 2025)
Rating: Outperform
Price Target: $12
BRiley: “Abacus Global Management – Take Advantage of Oversold Position,” June 5, 2025
Rating: Buy
Price Target: $15
Piper Sandler: “Shares sink on short report – stock reaction overdone and Abacus responds,” June 4, 2025
Rating: Overweight
Price Target: $12
TD Bank: “ABL’s model, reliant on direct originations and a short holding period, would seem to argue against overvaluation of policies.” June 4, 2025 (with follow up on June 5, 2025)
Rating: Buy
Price Target: $14
Northland: “Abacus Global Management (ABL) Trends in Fair Value, Gains and Other Stuff Tell Positive Story,” June 5, 2025
Rating: Outperform
Price Target: $13.50
In addition to research analyst support, our auditor Grant Thornton has also affirmed our mark-to-market valuation approach for the policies we hold on our balance sheet, and has not seen any reason to revise that opinion since the publication of the short report. It is important to note that the report contained a misleading statement attributed to a Grant Thornton UK CEO. The UK-based company is a separate legal entity from our auditor, Grant Thornton US, and each firm operates independently and manages its own affairs.
Executive Summary
Section 1: Third-Party Analysis Confirms that Lapetus Is Not a Meaningful Input to Our Valuation Model
Section 2: Mark-to-Market Valuation Depends On Much More Than Life Expectancy
Section 3: The Most Recent Market Transactions Confirm the Accuracy of Our Valuation Model
Section 4: Shareholder Commitment to Success of the Business and Anticipated Additions to Russell 2000 and 3000 in August 2025
A core claim of the short report is that “Abacus’ reliance on Lapetus to value its portfolio presents a material risk to the $446 million in claimed life settlements on its books as of Q1 2025.” This is wrong in so many ways, most importantly that Abacus does not “rel[y] on Lapetus to value its portfolio.” And to prove it, Abacus engaged Lewis and Ellis1, a third-party actuarial firm, to review the entire policy balance sheet as stated in our Q1 2025 10-Q filing (over 700 policies), removing all Lapetus life expectancy estimates from the analysis.
For over 55 years, Lewis and Ellis has maintained a sterling reputation and client list with testimonials from organizations including the Ohio Department of Insurance, Arkansas Insurance Department, Maryland Insurance Administration, Americo, Pacific Guardian Life, American Life, American Fidelity, Michigan Department of Insurance, Oklahoma Department of Insurance, and many others.
To produce the valuation, Lewis and Ellis has utilized a discount rate methodology to calculate the net present value of the portfolio. Premium streams, life expectancies (not including Lapetus Solutions), face values of policies and discount rates are all inputs for their analysis. The professionals responsible for producing this valuation are members and meet Qualification Standards of the American Academy of Actuaries.
The new Lewis and Ellis valuation concurred with our prior valuation, resulting in a total policy valuation of $449 million as of March 31, 2025. The valuation provider aligned with a discount rate and range of ±2% as disclosed in the Q1 2025 10-Q filing. The Lewis and Ellis valuation of $449 million falls within a 1% margin of error from our stated valuation of $446 million.
Section 2: The Short Report Confuses Individualized Pricing with Portfolio-Wide Valuations, and Misstates the Relevance of Life Expectancy to Each
Abacus Global Management has developed a sophisticated valuation framework that optimizes for different business objectives at each stage of the asset lifecycle. This dual approach uses life expectancy for consumer-facing transactions while employing market-based valuation for balance sheet management. Life expectancy valuation models assume the value of the asset held to maturity, and thus calculating the maturity date is critically important. On the other hand, the market approach is based on the price of policy sales between informed, intelligent and willing buyers, and willing sellers.
Both approaches have merit. When acquiring policies from consumers, Abacus uses life expectancy estimates to ensure fair pricing, which results in Abacus paying consumers an average of 20.4% of policy face value in 20232, prioritizing fair consumer outcomes. But once policies enter Abacus’s trading portfolio, the company shifts to a market-based valuation system that prioritizes actual market results.
Abacus values its balance sheet using the mark-to-market model. Therefore, the blanket claim in the short report that “The Fair Value Of Life Settlements Depends On Accurately Predicting Life Expectancy” not only collapses the two distinct valuation approaches, it leads the reader to conclude that Abacus values its balance sheet primarily based on life expectancy data. But this ignores the clear description of the Abacus valuation approach in its Consolidated Financial Statements, included in the Company’s most recent 10-K: “The Company determines fair value based on assumptions that market participants would use in pricing an asset or a liability in the principal or most advantageous market.”
In accordance with U.S. GAAP, Abacus’ balance sheet valuation model estimates the price it would receive on the sale of its life settlement policies based on applying data it has from actual policy trading activity, and then applies this and other data to inform its assumptions of what a buyer would pay if it used primarily a discounted cash flow and life expectancy analysis, which results in the reported discount rate. As such our balance sheet valuation model is not driven solely by life expectancy estimates or forecasted discount rates3. Our calculation of fair value for purposes of balance sheet valuation results from data that we observe in the market for life settlement policies, drawing on our experience of prior deals with our trading partners, institutional and representatives of a large, growing market, including the largest private credit asset managers, global alternative asset managers, family offices, insurance companies, and reinsurers.
Consumer Purchase Stage: Life Expectancy Optimization
Why This Hybrid Approach Works
Traditional life settlement models suffer from a fundamental mismatch: they use the same methodology (life expectancy projections and selected discount rates) for both consumer fairness and active trading portfolio accuracy. Abacus recognizes these require different tools:
Consumer Transactions Need Predictive Models: Life expectancy estimates help ensure fair pricing when purchasing from consumers who deserve transparent, actuarially-sound offers.
Trading Portfolios Need Market Reality: Active trading strategies require balance sheet valuations based on actual transaction history, not theoretical projections that can shift with model updates.
This dual methodology perfectly supports Abacus’s core strategy as an active life settlement market-maker:
High Portfolio Turnover: Target balance sheet turn of ~2x annually, making market-based marks more relevant than hold-to-maturity projections
Daily Trading Activity: Real-time valuation accuracy matters more than long-term actuarial estimates for a short-term strategy
Revenue Structure: Unrealized gains require marks that reflect actual selling capability
The Strategic Result
Abacus has solved the life settlement industry’s core valuation dilemma by recognizing that consumer fairness and active balance sheet accuracy require different approaches. This isn’t a compromise—it’s an optimization that delivers better outcomes at both stages.
Section 3: The Most Recent Market Transactions Confirms the Accuracy of the Company’s Fair Value Approach
Abacus operates an active life settlement trading business, continuously acquiring and disposing of life insurance policies to optimize balance sheet returns and maintain target return on equity metrics. This means it is ideally positioned to provide a check on its own fair value accounting. And our actual realized results support our valuation. This quarter, Abacus has sold polices at prices that match its mark-to-market approach. In Q2, through June 2nd, Abacus sold 226 policies for a total $141.4 million. As of March 31, 2025, those sold policies had an estimated balance sheet value of $139.1 million. Not only was Abacus able to crystalize its mark, but it has also realized an incremental gain of 1.65%.
As Abacus is continuously in the market buying and selling policies, at any given time, a portion of its revenue will be unrealized if it is still holding policies it hasn’t sold. Further, if Abacus continues to grow its portfolio by recycling the capital from policy sales, cash flow from operating activities will likely be negative. This may change in the future.
Section 4: Executives and Shareholders Are Aligned on Creating the Brightest Possible Future for Abacus
We appreciate the investor concerns around the coming expiration of the share lock-up, which the short report described as an opportunity for “cashing out.” Jay Jackson, Sean McNealy, Scott Kirby, and Matt Ganovsky collectively own approximately 46% of the outstanding shares. They accepted two-year restricted lock-ups at the time of the deSPAC transaction. This lengthy lock-up period was double the average of any share lock-up compared to any other company, both IPO and deSPAC. The lock-up expires on July 3, 2025. The restriction period ends during a blackout period which will continue until our post-earnings release which is expected in August.
The expiration of the lock-up period does not mean that the founders and senior management are about to cut and run. Just the opposite: these large shareholders are looking forward to the expiration of the lockup not so they can “cash out,” but so they can take the company to its next milestone.
These shareholders and the Board understand that the Russell 2000 and Russell 3000 now require the expiration of the longest lock-up period before a stock can be listed as part of their indices. Abacus believes the positive impact of index inclusion would be beneficial to shareholders. If Abacus maintains the current course with respect to the lock-up expiration, we expect to be added to these indices in August 2025.
Nonetheless, should these large block holders wish to sell shares in the future, we are committed to working closely with our shareholders and institutional investment partners on a purposeful, transparent, and organized sale of shares if one were to occur. We have committed over two decades of service to this company, and our intent is to recognize the highest valuation possible. Our 2025 Board-approved compensation is heavily equity-based and incentivized to increase value to our shareholders through both increased revenue and adjusted net income, as well as company market capitalization.
Conclusion
In summary, Abacus strongly refutes the misleading and incorrect claims made by the short seller. We are supported by outside market research analysts, third-party actuarial firms, our auditor, and our transparent accounting methodology used in fair market reporting driven by mark-to-market valuations.
Abacus is a leading alternative asset manager, market maker, technology company, and growing private wealth manager. We will not allow this distraction to slow our growth and expansion.
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: 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
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1 Since going public, Abacus has paid Lewis and Ellis a total of $70,105, inclusive of this valuation engagement. 2 Data as per The Deal. 3 Discount rates are an output imputed from our valuations, rather than input for determining valuations.
Healthpeak Properties, Inc. (NYSE: DOC): A Leading Healthcare-Focused REIT
SAN FRANCISCO, June 10, 2025 (GLOBE NEWSWIRE) — Healthpeak Properties, Inc. (NYSE: DOC) is a fully integrated real estate investment trust (REIT) and S&P 500 company. Healthpeak owns, operates, and develops high-quality real estate focused on healthcare discovery and delivery. The company owns a national portfolio composed of 700 properties totaling nearly 50 million square feet.
Advisor Access spoke with Scott Brinker, President and CEO of Healthpeak Properties.
Advisor Access:Would you provide an overview of Healthpeak and explain its niche position among REITs?
Scott Brinker: Healthpeak Properties is a leading healthcare-focused REIT with a nearly 50 million square foot portfolio spanning outpatient medical, life sciences, and senior housing. Our properties sit at the intersection of real estate and healthcare innovation…
AA:In 2024, Healthpeak completed a merger with Physicians Realty Trust. What are some of the benefits of this merger?
SB: The merger was driven by a simple question: Are we stronger together than alone? A year later, the answer is a resounding yes.
Financially, the merger has been a huge success. We exceeded our first-year synergy targets by more than 25%, and now expect total synergies north of $65 million…
AA:Healthpeak recently announced a dividend increase at a time when many REITs face headwinds in an environment of higher interest rates and changing market conditions. What sets Healthpeak apart that makes this possible?
SB: Our capital allocation decisions have put our portfolio, balance sheet, and liquidity in an enviable position…
AA:How is Healthpeak positioned for long-term growth and value creation?
SB: We’re aligned with powerful, long-term healthcare trends…
AA:Do you have any final takeaways for our readers on Healthpeak?
SB: At Healthpeak, we focus on delivering mission-critical, irreplaceable healthcare real estate…
RANCHO CUCAMONGA, Calif., June 10, 2025 (GLOBE NEWSWIRE) — iPower Inc. (Nasdaq: IPW) (“iPower” or the “Company”), a tech and data-driven eCommerce service provider and online retailer, today announced a strategic partnership with Borg Rise U.S., a dynamic and fast-growing player in digital content and social media commerce. This partnership marks a key milestone in iPower’s strategy to expand its omnichannel presence through influencer-driven and content-based sales models across platforms like TikTok, Instagram, and YouTube.
Borg Rise U.S., with its strong network of content creators, livestreaming infrastructure, and experience in cross-border digital commerce, will collaborate with iPower to build and scale innovative social commerce campaigns. These campaigns will bridge content and conversion, enabling more direct, engaging, and high-converting consumer experiences.
“We’re excited to team up with Borg Rise U.S. to unlock the potential of social-driven retail,” said Lawrence Tan, CEO of iPower. “This collaboration strengthens our ability to connect brands with audiences where they spend their time and attention—on social media—by turning inspiration into seamless purchasing.”
Under this partnership, iPower and Borg Rise U.S. will work together to:
Co-develop influencer campaigns, live selling initiatives, and digital storefronts
Expand iPower’s SuperSuite service offerings into social commerce enablement
Leverage content performance data to enhance targeting and personalization
Onboard emerging brands and help them scale through creator ecosystems
This strategic alliance is expected to further iPower’s mission to empower sellers and entrepreneurs with the tools, data, and distribution channels needed to thrive in today’s evolving digital retail landscape.
About iPower Inc.
iPower Inc. is a tech and data-driven online retailer, as well as a provider of value-added eCommerce services for third-party products and brands. iPower’s capabilities include a full spectrum of online channels, robust fulfillment capacity, a nationwide network of warehouses, competitive last-mile delivery partners, and a differentiated business intelligence platform. For more information, visit www.meetipower.com.
About Borg Rise U.S.
Borg Rise U.S. is a next-generation digital commerce company focused on livestreaming, influencer marketing, and cross-border social commerce. With strengths in content development, platform operations, and community-driven conversion, Borg Rise U.S. empowers brands to unlock growth through immersive digital experiences.
Forward-Looking Statements
All statements other than statements of historical fact in this press release are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations and projections about future events and financial trends that iPower believes may affect its financial condition, results of operations, business strategy, and financial needs. Investors can identify these forward-looking statements by words or phrases such as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “potential,” “continue,” “is/are likely to” or other similar expressions. iPower undertakes no obligation to update forward-looking statements to reflect subsequent events or circumstances, or changes in its expectations, except as may be required by law. Although iPower believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and iPower cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results and performance in iPower’s most recent Report on Form 10-K and in its other SEC filings.
CAMBRIDGE, Mass., June 10, 2025 (GLOBE NEWSWIRE) — MetaVia Inc. (Nasdaq: MTVA), a clinical-stage biotechnology company focused on transforming cardiometabolic diseases, today announced that Hyung Heon Kim, President and Chief Executive Officer will present a company overview live at the Life Sciences Virtual Investor Forum hosted by VirtualInvestorConferences.com, taking place June 11-12, 2025.
DATE: Wednesday June 12, 2025 TIME: 1:00 – 1:30 pm ET LINK:REGISTER HERE Available for 1×1 meetings: June 12, 13, and 16
This will be a live, interactive online event where investors are invited to ask the company questions in real-time. If attendees are not able to join the event live on the day of the conference, an archived webcast will also be made available after the event.
It is recommended that online investors pre-register and run the online system check to expedite participation and receive event updates.
To schedule a meeting with management outside of this event, investors can contact Michael Miller at mmiller@rxir.com.
Recent Company Highlights
May 2025: Closed a private placement, which resulted in aggregate gross proceeds of $10 million priced at-the-market under Nasdaq rules.
May 2025: Presented data from the 16-week Phase 2a clinical trial of DA-1241 in patients with presumed MASH in a late-breaking poster presentation at EASL Congress 2025. In this trial, DA-1241 significantly decreased plasma ALT levels, with a mean reduction of 22.8 U/L at 16 weeks, the Controlled Attenuation Parameter (CAP) Score improved by 23.0 dB/m, indicating reduced liver fat content, while an improvement in FibroScan-AST (FAST) score and NIS-4, supports beneficial effects on liver health.
April 2025: Reported additional, positive top-line results from the 4-week MAD Part 2 of its Phase 1 clinical trial of DA-1726 for the treatment of obesity further demonstrating its best-in-class potential. DA-1726 demonstrated a clear dose-responsive trend in body weight reduction across the 8 mg to 32 mg range, indicating potentially greater efficacy at higher doses and longer duration of use. Additionally, body mass index, which shows body weight adjusted for height, showed a difference between the treatment group and the placebo group, which was even more pronounced, further supporting the dose-dependent effect of the drug on weight-related outcomes. Of note, DA-1726 did not show any clinically significant increases in heart rate or QTcF changes up to 32 mg at 4 weeks of administration.
April 2025: Announced positive top-line results from the 4-week MAD Part 2 of its Phase 1 clinical trial of DA-1726 for the treatment of obesity. DA-1726 demonstrated excellent safety and tolerability, with positive clinical activity. The cohort receiving 32 mg of DA-1726 with no titration demonstrated a maximum reduction in body weight from baseline ranging up to -6.3%, and a mean body weight reduction of -4.3% at Day 26 (p=0.0005). Four out of six subjects on the 32 mg dose experienced mild gastrointestinal (GI) adverse events (AEs), most of which were resolved after 24 hours of occurrence. There were no treatment-related discontinuations or serious adverse events (SAEs).
About MetaVia MetaVia Inc. is a clinical-stage biotechnology company focused on transforming cardiometabolic diseases. The company is currently developing DA-1726 for the treatment of obesity, and is developing DA-1241 for the treatment of Metabolic Dysfunction-Associated Steatohepatitis (MASH). DA-1726 is a novel oxyntomodulin (OXM) analogue that functions as a glucagon-like peptide-1 receptor (GLP1R) and glucagon receptor (GCGR) dual agonist. OXM is a naturally-occurring gut hormone that activates GLP1R and GCGR, thereby decreasing food intake while increasing energy expenditure, thus potentially resulting in superior body weight loss compared to selective GLP1R agonists. In a Phase 1 multiple ascending dose (MAD) trial in obesity, DA-1726 demonstrated best-in-class potential for weight loss, glucose control, and waist reduction. DA-1241 is a novel G-protein-coupled receptor 119 (GPR119) agonist that promotes the release of key gut peptides GLP-1, GIP, and PYY. In pre-clinical studies, DA-1241 demonstrated a positive effect on liver inflammation, lipid metabolism, weight loss, and glucose metabolism, reducing hepatic steatosis, hepatic inflammation, and liver fibrosis, while also improving glucose control. In a Phase 2a clinical study, DA-1241 demonstrated direct hepatic action in addition to its glucose lowering effects.
About Virtual Investor Conferences® Virtual Investor Conferences (VIC) is the leading proprietary investor conference series that provides an interactive forum for publicly traded companies to seamlessly present directly to investors.
Providing a real-time investor engagement solution, VIC is specifically designed to offer companies more efficient investor access. Replicating the components of an on-site investor conference, VIC offers companies enhanced capabilities to connect with investors, schedule targeted one-on-one meetings and enhance their presentations with dynamic video content. Accelerating the next level of investor engagement, Virtual Investor Conferences delivers leading investor communications to a global network of retail and institutional investors.
NEW YORK, June 10, 2025 (GLOBE NEWSWIRE) — Sharps Technology, Inc. (Nasdaq: “STSS” and “STSSW”) (“Sharps”), an innovative medical device and pharmaceutical packaging company offering patented, best-in-class smart safety syringe products to the healthcare industry, today announced that Robert Hayes, CEO, will present live at the Life Sciences Virtual Investor Forum hosted by VirtualInvestorConferences.com, on June 12th, 2025 at 9:30 AM ET.
Sharps recently announced that the Company has commenced shipments under three customer orders tied to previously announced purchase agreements. These shipments represent the Company’s first commercial deliveries and its transition to revenue-generating operations. All products are being manufactured and shipped from Sharps’ facility in Hungary, which has undergone significant upgrades to support high-volume production. Read the update releaseHERE.
This will be a live, interactive online event where investors are invited to ask the company questions in real-time. If attendees are not able to join the event live on the day of the conference, an archived webcast will also be made available after the event.
It is recommended that online investors pre-register and run the online system check to expedite participation and receive event updates.
About Sharps Technology: Sharps Technology is an innovative medical device and pharmaceutical packaging company offering patented, best-in-class smart-safety syringe products to the healthcare industry. The Company’s product lines focus on providing ultra-low waste capabilities, that incorporate syringe technologies that use both passive and active safety features. Sharps also offers products that are designed with specialized copolymer technology to support the prefillable syringe market segment. The Company has a manufacturing facility in Hungary. For additional information, please visit www.sharpstechnology.com.
Investor Contact: Holdsworth Partners Adam Holdsworth Phone: 917-497-9287 Email:IR@sharpstechnology.com
FORWARD-LOOKING STATEMENTS: This press release contains “forward-looking statements”. Forward-looking statements reflect our current view about future events. When used in this press release, the words “anticipate,” “believe,” “estimate,” “expect,” “future,” “intend,” “plan,” “poised” or the negative of these terms and similar expressions, as they relate to us or our management, identify forward-looking statements. Such statements, include, but are not limited to, statements contained in this press release relating to our business strategy, our future operating results and liquidity, and capital resources outlook. Forward-looking statements are based on our current expectations and assumptions regarding our business, the economy, and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks, and changes in circumstances that are difficult to predict. Our actual results may differ materially from those contemplated by the forward-looking statements. They are neither statements of historical fact nor guarantees of assurance of future performance. We caution you therefore against relying on any of these forward-looking statements. Important factors that could cause actual results to differ materially from those in the forward-looking statements include, without limitation, our ability to raise capital to fund continuing operations; our ability to protect our intellectual property rights; the impact of any infringement actions or other litigation brought against us; competition from other providers and products; our ability to develop and commercialize products and services; changes in government regulation; our ability to complete capital raising transactions; and other factors relating to our industry, our operations and results of operations. Actual results may differ significantly from those anticipated, believed, estimated, expected, intended, or planned. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. We cannot guarantee future results, levels of activity, performance, or achievements. The Company assumes no obligation to update any forward-looking statements in order to reflect any event or circumstance that may arise after the date of this release.
About Virtual Investor Conferences® Virtual Investor Conferences (VIC) is the leading proprietary investor conference series that provides an interactive forum for publicly traded companies to seamlessly present directly to investors.
Providing a real-time investor engagement solution, VIC is specifically designed to offer companies more efficient investor access. Replicating the components of an on-site investor conference, VIC offers companies enhanced capabilities to connect with investors, schedule targeted one-on-one meetings and enhance their presentations with dynamic video content. Accelerating the next level of investor engagement, Virtual Investor Conferences delivers leading investor communications to a global network of retail and institutional investors.
Virtual Investor Conferences: John M. Viglotti SVP Corporate Services, Investor Access OTC Markets Group (212) 220-2221 johnv@otcmarkets.com
PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE Rule 8.3 of the Takeover Code (the “Code”)
(b)Owner or controller of interests and short positions disclosed, if different from 1(a): The naming of nominee or vehicle companies is insufficient. For a trust, the trustee(s), settlor and beneficiaries must be named.
N/A
(c)Name of offeror/offeree in relation to whose relevant securities this form relates: Use a separate form for each offeror/offeree
ALPHA GROUP INTERNATIONAL PLC
(d)If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree:
N/A
(e)Date position held/dealing undertaken: For an opening position disclosure, state the latest practicable date prior to the disclosure
09 JUNE 2025
(f)In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer? If it is a cash offer or possible cash offer, state “N/A”
N/A
2.POSITIONS OF THE PERSON MAKING THE DISCLOSURE
If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security.
(a)Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates following the dealing (if any)
Class of relevant security:
0.2p ORDINARY
Interests
Short positions
Number
%
Number
%
(1)Relevant securities owned and/or controlled:
1,469,500
3.4736
(2)Cash-settled derivatives:
(3)Stock-settled derivatives (including options) and agreements to purchase/sell:
TOTAL:
1,469,500
3.4736
All interests and all short positions should be disclosed.
Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).
(b)Rights to subscribe for new securities (including directors’ and other employee options)
Class of relevant security in relation to which subscription right exists:
Details, including nature of the rights concerned and relevant percentages:
3.DEALINGS (IF ANY) BY THE PERSON MAKING THE DISCLOSURE
Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 3(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in.
The currency of all prices and other monetary amounts should be stated.
(a)Purchases and sales
Class of relevant security
Purchase/sale
Number of securities
Price per unit
0.2p ORDINARY
SALE
33,000
3064.4697p
(b)Cash-settled derivative transactions
Class of relevant security
Product description e.g. CFD
Nature of dealing e.g. opening/closing a long/short position, increasing/reducing a long/short position
(d)Other dealings (including subscribing for new securities)
Class of relevant security
Nature of dealing e.g. subscription, conversion
Details
Price per unit (if applicable)
NONE
4.OTHER INFORMATION
(a)Indemnity and other dealing arrangements
Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the person making the disclosure and any party to the offer or any person acting in concert with a party to the offer: Irrevocable commitments and letters of intent should not be included. If there are no such agreements, arrangements or understandings, state “none”
NONE
(b)Agreements, arrangements or understandings relating to options or derivatives
Details of any agreement, arrangement or understanding, formal or informal, between the person making the disclosure and any other person relating to: (i)the voting rights of any relevant securities under any option; or (ii)the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced: If there are no such agreements, arrangements or understandings, state “none”
NONE
(c)Attachments
Is a Supplemental Form 8 (Open Positions) attached?
NO
Date of disclosure:
10 JUNE 2025
Contact name:
MARK ELLIOTT
Telephone number:
01253 376539
Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service.
The Panel’s Market Surveillance Unit is available for consultation in relation to the Code’s disclosure requirements on +44 (0)20 7638 0129.
PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE Rule 8.3 of the Takeover Code (the “Code”)
(b)Owner or controller of interests and short positions disclosed, if different from 1(a): The naming of nominee or vehicle companies is insufficient. For a trust, the trustee(s), settlor and beneficiaries must be named.
N/A
(c)Name of offeror/offeree in relation to whose relevant securities this form relates: Use a separate form for each offeror/offeree
CRANEWARE PLC
(d)If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree:
N/A
(e)Date position held/dealing undertaken: For an opening position disclosure, state the latest practicable date prior to the disclosure
09 JUNE 2025
(f)In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer? If it is a cash offer or possible cash offer, state “N/A”
N/A
2.POSITIONS OF THE PERSON MAKING THE DISCLOSURE
If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security.
(a)Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates following the dealing (if any)
Class of relevant security:
1p ORDINARY
Interests
Short positions
Number
%
Number
%
(1)Relevant securities owned and/or controlled:
1,696,458
4.7909
(2)Cash-settled derivatives:
(3)Stock-settled derivatives (including options) and agreements to purchase/sell:
TOTAL:
1,696,458
4.7909
NOTE: On 09/06/2025 there was a transfer out of 395 shares by a discretionary client.
All interests and all short positions should be disclosed.
Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).
(b)Rights to subscribe for new securities (including directors’ and other employee options)
Class of relevant security in relation to which subscription right exists:
Details, including nature of the rights concerned and relevant percentages:
3.DEALINGS (IF ANY) BY THE PERSON MAKING THE DISCLOSURE
Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 3(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in.
The currency of all prices and other monetary amounts should be stated.
(a)Purchases and sales
Class of relevant security
Purchase/sale
Number of securities
Price per unit
1p ORDINARY
SALE
340
2051p
1p ORDINARY
SALE
360
2061p
1p ORDINARY
PURCHASE
625
2052p
1p ORDINARY
PURCHASE
3,500
2056p
(b)Cash-settled derivative transactions
Class of relevant security
Product description e.g. CFD
Nature of dealing e.g. opening/closing a long/short position, increasing/reducing a long/short position
(d)Other dealings (including subscribing for new securities)
Class of relevant security
Nature of dealing e.g. subscription, conversion
Details
Price per unit (if applicable)
NONE
4.OTHER INFORMATION
(a)Indemnity and other dealing arrangements
Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the person making the disclosure and any party to the offer or any person acting in concert with a party to the offer: Irrevocable commitments and letters of intent should not be included. If there are no such agreements, arrangements or understandings, state “none”
NONE
(b)Agreements, arrangements or understandings relating to options or derivatives
Details of any agreement, arrangement or understanding, formal or informal, between the person making the disclosure and any other person relating to: (i)the voting rights of any relevant securities under any option; or (ii)the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced: If there are no such agreements, arrangements or understandings, state “none”
NONE
(c)Attachments
Is a Supplemental Form 8 (Open Positions) attached?
NO
Date of disclosure:
10 JUNE 2025
Contact name:
MARK ELLIOTT
Telephone number:
01253 376539
Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service.
The Panel’s Market Surveillance Unit is available for consultation in relation to the Code’s disclosure requirements on +44 (0)20 7638 0129.
TORONTO, June 10, 2025 (GLOBE NEWSWIRE) — Questrade (www.questrade.com) — Canada’s #1 rated* online brokerage — is honoured to share that it has retained the title of MoneySense’s Best Online Broker in Canada for 2025, landing atop the ranking for a third consecutive year. The annual MoneySense review, conducted in partnership with research firm Surviscor, assesses and compares Canadian online brokerages across four pillars of investor experience including desktop and mobile platforms, service efficacy, and commissions and fees.
“Reclaiming the title of Best Online Broker in Canada adds to an already eventful year for Questrade with our move to offer $0 commission trading alongside our introduction of real-time fractional trading and Questrade Plus,” said Rob Galaski, Chief Journey Officer, Questrade. “This recognition stands as another powerful acknowledgement of our team’s work to deliver Canada’s most complete and compelling investment offering, furthering our mission to help all Canadians become much more financially successful and secure.”
In another standout year where Questrade outperformed its peers across many of the investor experience categories, it was applauded for its surprise move to introduce $0 commission trading, as well as its reliable customer service experience, industry-leading digital investment platforms, and ongoing commitment to investor education.
“We’re proud to once again name Questrade as MoneySense’s Best Online Broker in Canada for 2025,” said Natasha Macmillan, Senior Business Director, MoneySense. “Questrade leads the way with a robust, user-focused platform that prioritizes accessibility, innovation, and exceptional service, delivering genuine value to investors at every experience level. Its unwavering commitment to enhancing the investor experience, education, and ongoing support truly sets Questrade apart from the competition.”
Adding to the repeat recognition, MoneySense’s 2025 review also named Questrade as best broker for new and seasoned investors, $0 commission trading, user experience, and account experience, highlighting the online brokerage’s attention to the evolving needs and preferences of active and passive investors alike.
Questrade, Inc. (“Questrade”) is changing the Canadian financial services industry by leveraging technology to lower fees while providing a viable alternative to traditional financial investment options, thereby allowing Canadians to Keep More of their Money. As a leader and innovator in financial services, Questrade is a trusted ally that advocates for consumers, focused on improving value. With 25 years of challenging the status quo as one of Canada’s leading, non-bank online brokerages and over $50 billion in assets under administration, Questrade and its affiliates provide financial products and services, including securities and foreign currency investments. For more information, visit www.questrade.com or on Facebook and X (formerly Twitter) @Questrade. Questrade, Inc. is a registered investment dealer, a member of the Canadian Investment Regulatory Organization (CIRO), and a member of the Canadian Investor Protection Fund (CIPF). Questrade is a wholly owned subsidiary of Questrade Financial Group Inc.
PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE Rule 8.3 of the Takeover Code (the “Code”)
(b)Owner or controller of interests and short positions disclosed, if different from 1(a): The naming of nominee or vehicle companies is insufficient. For a trust, the trustee(s), settlor and beneficiaries must be named.
N/A
(c)Name of offeror/offeree in relation to whose relevant securities this form relates: Use a separate form for each offeror/offeree
GLOBALDATA PLC
(d)If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree:
N/A
(e)Date position held/dealing undertaken: For an opening position disclosure, state the latest practicable date prior to the disclosure
09 JUNE 2025
(f)In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer? If it is a cash offer or possible cash offer, state “N/A”
N/A
2.POSITIONS OF THE PERSON MAKING THE DISCLOSURE
If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security.
(a)Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates following the dealing (if any)
Class of relevant security:
0.01p ORDINARY
Interests
Short positions
Number
%
Number
%
(1)Relevant securities owned and/or controlled:
11,042,509
1.3691
(2)Cash-settled derivatives:
(3)Stock-settled derivatives (including options) and agreements to purchase/sell:
TOTAL:
11,042,509
1.3691
NOTE: On 09/06/2025 there was a transfer out of 6,100 shares by a discretionary client.
All interests and all short positions should be disclosed.
Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).
(b)Rights to subscribe for new securities (including directors’ and other employee options)
Class of relevant security in relation to which subscription right exists:
Details, including nature of the rights concerned and relevant percentages:
3.DEALINGS (IF ANY) BY THE PERSON MAKING THE DISCLOSURE
Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 3(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in.
The currency of all prices and other monetary amounts should be stated.
(a)Purchases and sales
Class of relevant security
Purchase/sale
Number of securities
Price per unit
0.01p ORDINARY
SALE
3,825
171.68p
0.01p ORDINARY
SALE
7,300
171.85p
(b)Cash-settled derivative transactions
Class of relevant security
Product description e.g. CFD
Nature of dealing e.g. opening/closing a long/short position, increasing/reducing a long/short position
(d)Other dealings (including subscribing for new securities)
Class of relevant security
Nature of dealing e.g. subscription, conversion
Details
Price per unit (if applicable)
NONE
4.OTHER INFORMATION
(a)Indemnity and other dealing arrangements
Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the person making the disclosure and any party to the offer or any person acting in concert with a party to the offer: Irrevocable commitments and letters of intent should not be included. If there are no such agreements, arrangements or understandings, state “none”
NONE
(b)Agreements, arrangements or understandings relating to options or derivatives
Details of any agreement, arrangement or understanding, formal or informal, between the person making the disclosure and any other person relating to: (i)the voting rights of any relevant securities under any option; or (ii)the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced: If there are no such agreements, arrangements or understandings, state “none”
NONE
(c)Attachments
Is a Supplemental Form 8 (Open Positions) attached?
NO
Date of disclosure:
10 JUNE 2025
Contact name:
MARK ELLIOTT
Telephone number:
01253 376539
Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service.
The Panel’s Market Surveillance Unit is available for consultation in relation to the Code’s disclosure requirements on +44 (0)20 7638 0129.
PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE Rule 8.3 of the Takeover Code (the “Code”)
(b)Owner or controller of interests and short positions disclosed, if different from 1(a): The naming of nominee or vehicle companies is insufficient. For a trust, the trustee(s), settlor and beneficiaries must be named.
N/A
(c)Name of offeror/offeree in relation to whose relevant securities this form relates: Use a separate form for each offeror/offeree
MARLOWE PLC
(d)If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree:
N/A
(e)Date position held/dealing undertaken: For an opening position disclosure, state the latest practicable date prior to the disclosure
09 JUNE 2025
(f)In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer? If it is a cash offer or possible cash offer, state “N/A”
No
2.POSITIONS OF THE PERSON MAKING THE DISCLOSURE
If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security.
(a)Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates following the dealing (if any)
Class of relevant security:
50p ORDINARY
Interests
Short positions
Number
%
Number
%
(1)Relevant securities owned and/or controlled:
3,116,402
3.9688
(2)Cash-settled derivatives:
(3)Stock-settled derivatives (including options) and agreements to purchase/sell:
TOTAL:
3,116,402
3.9688
NOTE: On 09/06/2025 there was a transfer out of 820 shares by a discretionary client.
All interests and all short positions should be disclosed.
Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).
(b)Rights to subscribe for new securities (including directors’ and other employee options)
Class of relevant security in relation to which subscription right exists:
Details, including nature of the rights concerned and relevant percentages:
3.DEALINGS (IF ANY) BY THE PERSON MAKING THE DISCLOSURE
Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 3(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in.
The currency of all prices and other monetary amounts should be stated.
(a)Purchases and sales
Class of relevant security
Purchase/sale
Number of securities
Price per unit
50p ORDINARY
SALE
1,150
434.05p
50p ORDINARY
SALE
1,130
435p
(b)Cash-settled derivative transactions
Class of relevant security
Product description e.g. CFD
Nature of dealing e.g. opening/closing a long/short position, increasing/reducing a long/short position
(d)Other dealings (including subscribing for new securities)
Class of relevant security
Nature of dealing e.g. subscription, conversion
Details
Price per unit (if applicable)
NONE
4.OTHER INFORMATION
(a)Indemnity and other dealing arrangements
Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the person making the disclosure and any party to the offer or any person acting in concert with a party to the offer: Irrevocable commitments and letters of intent should not be included. If there are no such agreements, arrangements or understandings, state “none”
NONE
(b)Agreements, arrangements or understandings relating to options or derivatives
Details of any agreement, arrangement or understanding, formal or informal, between the person making the disclosure and any other person relating to: (i)the voting rights of any relevant securities under any option; or (ii)the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced: If there are no such agreements, arrangements or understandings, state “none”
NONE
(c)Attachments
Is a Supplemental Form 8 (Open Positions) attached?
NO
Date of disclosure:
10 JUNE 2025
Contact name:
MARK ELLIOTT
Telephone number:
01253 376539
Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service.
The Panel’s Market Surveillance Unit is available for consultation in relation to the Code’s disclosure requirements on +44 (0)20 7638 0129.
President Donald Trump has praised the Gilded Age, which he believes was a time of immense national prosperity thanks to tariffs, no income tax, and few regulations on business.
Similar to today, the late 19th century was a time where a small group of men enjoyed immense wealth, privilege and power to shape the nation. It was a time of immense inequality, as factory and housing conditions crushed the lives of the poor.
And it was a time of white Christian nationalism.
In Northern cities, reformers saw the wealth gap, the plight of workers and the squalid conditions in tenements as undermining their vision of a Christian America. Fueled by faith, the Social Gospel movement worked to expand labor rights and improve living conditions at the turn of the 20th century.
At the same time, many of these white Protestant activists believed their own culture and race to be superior, and this prejudice hindered their efforts. They often spouted anti-Catholic and anti-immigrant rhetoric, and mostly ignored Black workers’ plight.
One of Jacob Riis’ many photographs of living conditions on New York’s Lower East Side. Bettmann via Getty Images
Ever since the Puritans landed, white Christian nationalism has informed how many Protestants try to shape their country – a history I trace with church historian Richard T. Hughes in the book “Christian America and the Kingdom of God.” But Christian nationalism has taken dramatically different forms over time. The progressive Social Gospellers of a century ago are a particularly striking contrast to the conservative Christian right that has shaped U.S. politics for half a century, up to today.
Guardians of a Christian nation
There are many differences between Christian nationalism then and now. Like many conservative Christians today, however, the Social Gospellers believed that the United States was uniquely chosen and blessed by God, and called to be a Christian nation. They saw themselves as the rightful guardians of that mission. And though the country was still overwhelmingly Protestant, they feared they were losing influence.
New research explored the history of the Bible – research that many Christians feared would undermine people’s trust in Scripture as the word of God, by emphasizing its human composition. New scientific ideas about the Earth’s creation and human evolution challenged their visions of an all-powerful, all-knowing God. Meanwhile, rapid industrialization and urbanization had created new social challenges, such as workers’ safety and living conditions, leading some to reject faith as irrelevant to their needs.
Social Gospellers wanted to vindicate Christianity and show it was still relevant to modern life. But white leaders’ vision of what a Christian America should look like conflated their Protestant faith with their race and culture.
Josiah Strong, for example, was a Congregationalist minister known for promoting factory safety. But he stoked fear of Catholic immigrants and endorsed the expansion of the U.S. as a benevolent empire. The Anglo-Saxon race “is destined to dispossess many weaker races, assimilate others, and mold the remainder,” Strong argued in his 1885 book, “Our Country.”
Another Social Gospel reformer, Northern Baptist theologian Walter Rauschenbusch, railed against unrestrained greed, political corruption, militarism and contempt between elites and the working class. But he shared the white supremacy of his age. God was favoring Germanic and Anglo-Saxon people, he claimed, to enact God’s purposes.
“Other races are as dear to God as we and he may be holding them in reserve to carry His banner when we drop it,” he wrote in an undated article. But it was part of God’s plan, he believed, for Northern Europeans to “hold the larger part of the world’s wealth and power in the hollow of their hands and the larger share of the world’s intellectual and spiritual possessions in the hollow of their heads.”
The ‘right’ kind of Christian
Though many white Protestants felt threatened by the challenges of immigration, they were still a clear majority, and they presumed that most Americans would endorse applying Christian ethics to public policy and social reform.
What’s more, women gaining the right to vote in 1920 meant Social Gospel leaders expanded Protestants’ power at the ballot box. Many Social Gospel leaders embraced women’s suffrage because women were already leading supporters for their causes: For example, Frances Willard, who promoted temperance and workers’ rights; and Jane Addams, who ran a Christian “settlement house,” or community center, for the poor.
But in another sense, demographics were not on their side. The U.S. might have been a very white and Christian country, but in some Social Gospellers’ minds, the era’s waves of immigrants were not the “right” kind of Christian: Northern European and Protestant. Immigration was shifting from Great Britain, Ireland and Germany to Russia, Poland, Hungary and Italy. While Protestants far outnumbered Catholics nationally, Strong wrote that they were double the Protestant population in major cities like New York, Chicago and Philadelphia.
Strong argued that Catholic immigrants were lazy, prone to alcoholism and criminal activity, and willing to sell their vote to corrupt city politicians. He claimed they would corrupt the morals of Anglo-Saxon Americans, and that if the Catholic population grew, it would undermine Protestants’ religious liberty.
Nativist views like these led to the National Origins Act of 1924, which restricted the number of immigrants. Quotas for each country were based on the profile of the American population in 1890 – an attempt to maintain Protestant dominance against Catholic and Jewish immigration from Southern and Eastern Europe. That distrust also kept Social Gospellers from partnering with Roman Catholic leaders on shared concern for workers.
Flourishing for all, or some?
Still, when it came to workers’ basic needs, reformers cared deeply about improving circumstances for the “least of these.” The movement was strongly influenced by the biblical parable of the sheep and the goats: verses in the Book of Matthew where Jesus promotes feeding the hungry, caring for the sick, clothing the naked and visiting those in prison.
Social Gospellers aimed to prove that Christianity could answer the social challenges caused by industrialization, urbanization and immigration. For the most part, they sought to use their privilege in ways that promoted the flourishing of all Americans, such as expanding labor rights and providing services to the poor through settlement houses.
A photograph by Jacob Riis in a small New York City sweatshop in the 1880s. Bettmann via Getty Images
In 1908, for example, the Federal Council of Churches adopted a 14-point statement called the “Social Creed,” affirming that churches should support reforms “to lift the crushing burdens of the poor, and to reduce the hardships and uphold the dignity of labor.” While some of the reforms they called for are taken for granted today — like one day off per week — other calls, like a living wage for all, are yet to be realized.
Over the past half-century, the modern Christian right, too, has feared that its vision for the nation is eroding. Conservative churches have seen their influence drop as more Americans move awayfrom organized religion and reject their rejection of LGBTQ+ people.
Like the Social Gospellers of a century ago, the Christian nationalists of recent decades are wary of religious and racial change in their country. Yet the movement’s priorities – often focused around its vision of families, sex and gender – are starkly more limited than the broader quality-of-life issues that Social Gospellers addressed.
Both groups desired an America rooted in biblical values. But each interpreted Scripture through its own lens, seeking to remake America in its own, white Protestant image.
Christina Littlefield does not work for, consult, own shares in or receive funding from any company or organization that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.
Source: United States House of Representatives – Congresswoman Joyce Beatty (3rd District of Ohio)
WASHINGTON, D.C.– Today, Congresswoman Beatty reintroduced H.R. 3709 the ‘Advancing the Mentor Protégé Program for Small Financial Institutions Act’ to codify the Financial Agent Mentor-Protégé Program at the U.S. Department of the Treasury. The program pairs up small and rural financial institutions with large banks and credit unions, providing resources, training, and technical assistance to help them better serve their communities and become Financial Agents to Treasury.
Small financial institutions, including Minority Depository Institutions (MDIs), play a critical role in their communities, yet there are only 151 MDI banks left in the United States, and the number of minority-owned banks has dropped more than 30% since its peak in 2008. Although their numbers have largely stabilized in recent years, MDIs generally have much higher expenses and are often forced to merge with other minority-owned banks to survive.
“Small financial institutions are anchors of local economies across the U.S., providing mortgage credit, small business lending, and other critical banking services to their communities ,” said Congresswoman Beatty. “These institutions know the financial needs of their communities best, and codifying the mentor-protégé program at Treasury will go a long way toward preserving and strengthening their impact across America —and advancing our mission of an inclusive financial system.”
“The Independent Community Bankers of America (ICBA) is pleased to support Congresswoman Joyce Beatty’s Advancing the Mentor-Protégé Program for Small Financial Institutions Act, which would establish a Treasury Financial Agent program enabling partnerships between MDIs, rural community banks, and other financial institutions,” said Rebeca Romero Rainey, ICBA President and CEO. “This legislation reinforces and supports the critical role MDIs and rural community banks serve as a lifeline in their communities, providing tailored financial products, and fostering greater economic growth.”
“The American Bankers Association is pleased to support Rep. Beatty’s Advancing the Mentor Protégé Program for Small Financial Institutions Act, which would increase the ability of community banks, rural financial institutions and MDIs to meet the financial service needs of their customers, clients and communities,” said Rob Nichols, ABA President and CEO. “By strengthening partnerships between large banks and these community financial institutions with the help of the Treasury Department, this bill will provide significant benefit to consumers across the country and the broader economy.”
“The National Bankers Association (NBA) proudly supports Congresswoman Joyce Beatty’s Advancing the Mentor Protégé Program for Small Financial Institutions Act, which takes a critical step toward strengthening small, mission-driven banks,” said Nicole Elam, President and CEO of the NBA. “This legislation builds on existing Treasury efforts by expanding the scope of support for Minority and Rural Depository Institutions—ensuring they have greater access to federal resources and opportunities. Through the establishment of a Financial Agent Mentor-Protégé Program, larger financial institutions will be able to mentor and support small, mission-driven banks in enhancing their operational capacity, deepening community impact, and qualifying to serve as financial agents of the U.S. government.”
“America’s Credit Unions applauds Rep. Joyce Beatty’s efforts to promote programs that support minority depository institution (MDI) credit unions and other credit unions. We are pleased to see the reintroduction of the Advancing the Mentor Protégé Program for Small Financial Institutions Act. This bill would empower MDI and other smaller credit unions to collaborate with larger credit unions in these mentorship efforts. This builds on the credit union culture of ‘people helping people’ and working cooperatively to ensure the success of communities they serve,” said Jim Nussle, America’s Credit Unions President/CEO.
SINGAPORE, June 10, 2025 (GLOBE NEWSWIRE) — HTX, a leading global cryptocurrency exchange, has announced the launch of the sixth phase of its Crypto Gem Hunt program. Amidst a crypto market characterized by persistent volatility, with Bitcoin fluctuating between $100,000 and $110,000, market sentiment remains largely influenced by macroeconomic policies, regulatory developments, and speculative behavior. Against this backdrop, HTX’s Crypto Gem Hunt leverages rigorous data analysis and a meticulous selection process to spotlight seven standout projects. These projects are strategically positioned for growth and demonstrate strong community engagement. The selected assets span some of today’s most dynamic sectors—including RWA/DeFi, AI, Meme, LSD, and SocialFi—and feature both promising new entrants and well-established projects that have recently outperformed broader market trends.
New Listings Shine Across a Well-Balanced Sector Mix
In May, HTX listed 23 new assets, including six stablecoins, an approach that underscores its commitment to staying at the forefront of the stablecoin trend and expanding its asset offerings. Notably, USD1 made its global debut on HTX. The token, issued by World Liberty Financial (a company backed by the Trump family), focuses on building a DeFi lending ecosystem in the United States. USD1 quickly gained traction as one of May’s most discussed projects on social media and received an S rating.
Besides USD1, two other new assets in Crypto Gem Hunt #6 have stood out:
SYRUP (Maple Finance), a key player in the RWA/DeFi sector, experienced an impressive 117.7% surge following its listing on May 8, earning an A rating. SYRUP is the native token of Maple, a decentralized lending protocol that allows users to deposit USDC, receive syrupUSDC, and earn yield. All loans are collateralized by digital assets, ensuring both strong security and sustainable returns.
KAITO, an innovator in the InfoFi/AI sector, recorded a remarkable 263.6% increase since its listing on HTX on February 23, securing an A rating. KAITO is building an AI-driven crypto information network that streamlines content distribution among creators, users, and capital. By empowering the content ecosystem, KAITO is positioning itself at the forefront of the convergence between crypto and AI.
Despite continuous shifts in market dynamics, a select group of earlier-launched projects are demonstrating remarkable resilience. Backed by strong product fundamentals and vibrant community support, they’ve recently returned to the spotlight with evolving narratives and renewed momentum, capturing the attention of both investors and users.
Two Meme projects from last September, MOODENG and NEIROCTO, serve as notable examples:
MOODENG, built on the Solana (SOL) chain, surged an incredible 961.5% and received an A rating. Inspired by the famous pygmy hippopotamus from Thailand, MOODENG’s unique design, strong community, and viral momentum propelled it to a nearly tenfold increase post-launch.
NEIROCTO (First Neiro On Ethereum) is community-driven and carries on the spirit of Doge. Since its launch on September 7, 2024, it has seen a peak increase of 235%. Through consistent operational efforts and content-driven initiatives, NEIROCTO has cultivated a highly engaged Meme community.
ETHFI (ether.fi), launched in March 2024, emerged during the boom of the LSD sector and has since recorded a 258.7% increase. With rising interest in LSD solutions within the Ethereum ecosystem, ETHFI shows strong growth potential and a solid track record.
MASK (Mask Network), launched in 2021, is a SocialFi project that recently gained 187.3%. Acting as a bridge between Web2 (traditional internet) and Web3 (decentralized internet), MASK integrates decentralized applications into mainstream social media via a browser plugin. Recent feature updates and community efforts have significantly contributed to its price recovery.
HTX Crypto Gem Hunt Empowers Users Across Market Cycles
To date, HTX has launched six rounds of its Crypto Gem Hunt program. The latest selection features not only high-growth new assets from emerging sectors but also established projects that have recently delivered strong performance. Together, these assets offer users a well-balanced portfolio—combining defensive stability with high-upside potential.
Looking ahead, HTX Crypto Gem Hunt will continue to empower users through professional, intuitive asset discovery supported by robust data and forward-looking analysis.
About HTX
Founded in 2013, HTX has evolved from a virtual asset exchange into a comprehensive ecosystem of blockchain businesses that span digital asset trading, financial derivatives, research, investments, incubation, and other businesses.
As a world-leading gateway to Web3, HTX harbors global capabilities that enable it to provide users with safe and reliable services. Adhering to the growth strategy of “Global Expansion, Thriving Ecosystem, Wealth Effect, Security & Compliance,” HTX is dedicated to providing quality services and values to virtual asset enthusiasts worldwide.
Disclaimer: This is a paid post and is provided by HTX. 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.
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FORT LEONARD WOOD, Mo., June 10, 2025 (GLOBE NEWSWIRE) — Overland AI’s fully autonomous tactical vehicles, ULTRA, were deployed across 15 live mission scenarios to comprehensively demonstrate end-to-end, Soldier-operated ground autonomy.
ULTRA, Overland’s fully autonomous tactical vehicle, operating in dense forest and utilizing tree line for cover during mission scenarios at Fort Leonard Wood, Mo.
Soldiers from the 555th, 36th, and 20th Engineer Brigades, and the 173rd Airborne Brigade, executed these 15 missions using two ULTRAs. They also leveraged Overland’s tactical C2 interface, OverWatch, to plan, execute, and adapt operations on the fly. From pre-operation vehicle checks, payload swaps and munition loading, to mission planning and execution in OverWatch, the experimentation event was conducted almost entirely by end users.
“This was a particularly unique event,” said Chris Merz, who serves as the director of product at Overland AI. “Nearly every phase of the operation—from munition loading to software-based replanning—was in the hands of the Soldier. We saw real independence from the operator, not just in planning and execution, but in adapting tactics in real time.”
ULTRA deploying smoke deception to confuse the enemy and create an element of surprise during a day mission in wooded terrain.
Participating units were tasked with planning complex, multi-vehicle missions. Soldiers used ULTRA’s modular platform for kinetic and electronic warfare breaching, terrain shaping with XM204s, deception, obscuration, and delivery of third-party payloads, including uncrewed aerial vehicles (UAV) and electronic warfare (EW) capabilities.
Overland’s autonomy stack is highly adaptable in the field. Some operators re-tasked vehicles mid-mission in response to enemy activity and adjusted payload configurations under time pressure with little notice. Other operators, planning two simultaneous terrain-shaping missions with over 20 checkpoints and five tasks per vehicle, took less than three minutes to plan.
A Soldier from the 555th Engineer Brigade plans a series of missions with ULTRAs using OverWatch, Overland’s intuitive, tactical command and control (C2) interface.
“Our mission is to empower the Armed Forces to dominate any and all missions they need to accomplish,” said Byron Boots, co-founder and chief executive officer of Overland AI. “This wide-ranging event showed that Soldiers both trust our autonomous land systems and can leverage our versatile capability from start to finish.”
Overland AI remains committed to advancing autonomous military technologies, having previously secured an $18.6 million contract with the U.S. Army and the Defense Innovation Unit (DIU) to develop autonomy software for the Army’s Robotic Combat Vehicle (RCV) program. The company continues to support a range of U.S. military programs, including the U.S. Army, Marine Corps, and Special Operations Command.
To learn more about Overland AI and see open roles, visit www.overland.ai. About Overland AI Founded in 2022 and headquartered in Seattle, Washington, Overland AI is powering ground operations for modern defense. The company leverages over a decade of advanced research in robotics and machine learning, as well as a field-test forward ethos, to deliver advanced autonomy for unit commanders. Hazardous missions in austere and electronically denied environments demand that this technology is reliable and resilient. Overland AI’s SPARK autonomy upfit and OverDrive stack enable ground vehicles to navigate off-road without GPS or direct operator control. The company built its fully autonomous tactical vehicle, ULTRA, in-house by integrating SPARK and OverDrive into a modular and attritable platform that is currently in production. Overland AI developed OverWatch, its intuitive C2 interface, to provide commanders with the precise coordination of autonomous ground systems that is vital for complex missions to succeed. Overland AI has achieved the end-to-end integration of ground autonomy, from operator to effect, and is putting this capability into the hands of tactical operators today.
SUNNYVALE, Calif., June 10, 2025 (GLOBE NEWSWIRE) — Real-Time Innovations (RTI), the software framework company for physical AI systems, is proud to announce its recognition as one of this year’s Best Workplaces in the Bay Area by Fortune magazine and Great Place To Work®. This marks RTI’s third appearance on the prestigious list, ranking No. 26 in 2025. Earning a spot means that RTI has surpassed rigorous benchmarks, establishing itself as one of the best workplaces among companies headquartered in the San Francisco Bay region.
“This region is a hub of innovation, creativity and collaboration, and those transformative values are woven into the very fabric of our culture,” said Stan Schneider, CEO of RTI. “This recognition as a leading workplace isn’t just about our achievements; it’s a direct reflection of the incredible dedication and spirit of the people at RTI. They are the ones who make our mission a reality, bringing it to life day after day. To be celebrated as one of the Best Workplaces in the Bay Area for the third time is a tremendous honor, and something we are deeply proud of.”
RTI’s culture, known internally as “1RTI,” focuses on inclusion, transparency, and connection, uniting a globally distributed workforce under shared values. Through regular company-wide events, flexible work policies, and open communication, RTI encourages meaningful engagement and career growth. In 2025, 93% of U.S.-based employees said RTI is a great place to work—36 points higher than the national average.
The Best Workplaces in the Bay Area list is highly competitive. Survey responses reflect a comprehensive picture of the workplace experience. Honorees were rewarded based on their ability to deliver positive outcomes for employees regardless of role or status within the organization.
“Congratulations to the Fortune Best Workplaces in the Bay Area,” says Michael C. Bush, CEO at Great Place To Work. “These companies prove that prioritizing people leads to better performance, and that leaders who invest in their people are rewarded with more sustainable and profitable businesses.”
In addition to this recognition, RTI was also Great Place To Work Certified™ in both the U.S. and Spain earlier this year for the seventh consecutive time, further underscoring its global reputation for workplace excellence.
WE’RE HIRING! Looking to grow your career at a company that puts its people first? Visit our careers page at: rti.com/company/careers
Don’t meet every single requirement? At RTI, we are dedicated to building an inclusive and authentic workplace. So, if you’re excited about this role but your past experience doesn’t perfectly align with all qualifications in the job description, we encourage you to apply anyway. You may be just the right candidate for this or another one of our open roles.
About RTI
RTI is the software framework company for physical AI systems, with a mission to run a smarter world. RTI Connext® provides the data architecture for over 2,000 designs in Aerospace and Defense, Medtech, Automotive, and Robotics – running in more than $1T of total deployed systems worldwide. Only RTI combines decades of technical expertise with industry-leading software and tools to develop smarter systems, faster. Learn more at www.rti.com.
NORWALK, Conn., June 10, 2025 (GLOBE NEWSWIRE) — CUSIP Global Services (CGS) today announced a collaboration with Aumni, Inc. (“Aumni”), a J.P. Morgan company specializing in venture capital data solutions, to expand CUSIP coverage for venture-backed and private equity-owned private companies. This expanded coverage provides standardized identifiers for company issuers and their financial instruments, thereby increasing efficiency, accuracy, and security in reporting, settlement, and analytics for venture capital firms, private equity firms, and their investors.
The CUSIP is a nine-character alphanumeric security identifier that captures the unique attributes of issuers and their financial instruments throughout the U.S. and Canada. Widely recognized as a trusted standard in the financial markets, the CUSIP is a foundational building block that allows for efficient trading, clearing, and settlement across dozens of asset classes. Private equity markets have historically not had a standard identifier, resulting in the use of manual, error-prone solutions for security tracking and identity resolution.
“This collaboration marks a significant step forward in enabling the same level of efficiency in private markets that public markets have enjoyed for decades. By standardizing private company identifiers, we are paving the way for more streamlined operations and better decision-making for all market participants, which we feel is becoming ever more important as these alternative asset classes continue to grow,” said Scott Preiss, Senior Vice President and Global Head, CGS. “This exciting collaboration with Aumni helps CGS fulfill its mission, as directed by our industry-appointed Board of Trustees, to keep innovating and expanding the depth and breadth of CUSIP coverage as new market needs develop.”
Aumni is a leading software platform for private market investors to manage investment portfolio data, analytics, and insights. By combining Aumni’s expertise in private market data structuring with CGS’s Private CUSIP assignment capabilities and reputation as a trusted provider of capital markets reference data, customers will benefit from rich company- and security-level metadata to support portfolio management.
“We are excited to work with CGS on providing standardized security identifiers to the venture capital and private equity space,” said Alex Woodgate, Head of Corporate Development and Data Solutions at Aumni. “Consistent reference data for private securities will simplify reporting and enable efficiencies for GPs and LPs, and unlock further innovation opportunities for the private markets ecosystem.”
Beginning today, existing CGS customers will gain access to a free version of the Private CUSIP feed alongside their existing products and services. Customers can choose to upgrade to a premium service, adding a larger pool of company and security identifiers, additional metadata for each identifier, and the ability to request new identifiers.
About CUSIP Global Services CUSIP Global Services (CGS) is the global leader in securities identification. The financial services industry relies on CGS’ unrivaled experience in uniquely identifying instruments and entities to support efficient global capital markets. Its extensive focus on standardization over the past 50 plus years has helped CGS earn its reputation as the industry standard provider of reliable, timely reference data. CGS is also a founding member of the Association of National Numbering Agencies (ANNA) and co-operates ANNA’s hub of ISIN data, the ANNA Service Bureau. CGS is managed on behalf of the American Bankers Association (ABA) by FactSet Research Systems Inc., with a Board of Trustees that represents the voices of leading financial institutions. For more information, visit www.cusip.com.
For More Information:
John Roderick J. Roderick Public Relations for CUSIP Global Services john@jroderick.com +1 (631) 584.2200
WAKEFIELD, Mass., June 10, 2025 (GLOBE NEWSWIRE) — Agilitas Energy, a leading developer and operator of renewable energy and energy storage systems, today announced the commissioning of a 9.96 megawatt (MW) / 22.4 megawatt-hour (MWh) battery energy storage system (BESS) in Houston, Texas. This project marks the first distributed generation BESS interconnected to CenterPoint Energy’s distribution system and participating in Electric Reliability Council of Texas (ERCOT)’s wholesale delivery market.
A leading independent power producer (IPP), Agilitas Energy, will leverage its expertise in energy storage to operate the BESS to provide essential services to ERCOT. The newly operational BESS will strengthen grid resiliency during peak events and will lower electric system costs by participating in the ERCOT energy and ancillary services markets.
By providing diverse and reliable energy reserves, the BESS supports ERCOT’s efforts to maintain a stable and resilient power grid and provide options to the peaker and fossil-fuel-based plants that grid operators traditionally call upon during peak demand periods.
“This project underscores our confidence that ERCOT—long recognized as one of the premier energy markets in the U.S.—will increasingly value the unique benefits that only energy storage can provide,” said Barrett Bilotta, President, CEO and Co-founder of Agilitas Energy. “This project not only underscores our commitment to improving grid reliability with cost-effective energy but is also a significant step in our continued national expansion.”
“CenterPoint Energy is happy to serve Agilitas Energy as a customer, helping to support a diverse and reliable portfolio of generation available to our customers,” said Tony Gardner, SVP and Chief Customer Officer at CenterPoint Energy.
Looking ahead, Agilitas Energy is on track to commission a similar project, scheduled for commercial operation later this year. This project will add another 9.96 MW and 22.4 MWh of energy storage capacity to the grid, further expanding the Agilitas Energy footprint in Texas and fulfilling its commitment to delivering distributed energy solutions to the region.
Agilitas Energy is a leading independent power producer (IPP) in renewables and energy storage with a mission to propagate clean energy on a national scale. As the largest integrated developer, builder, owner and operator of energy storage and solar PV systems in the northeastern U.S., Agilitas Energy specializes in distributed energy solutions, and manages the entire end-to-end lifecycle of the projects that deliver predictable, cost-efficient, clean energy for off-takers, utilities and municipalities. The company has more than one gigawatt (GW) of renewable energy and energy storage projects in its pipeline across the U.S. To learn more, please visit: https://agilitasenergy.com/.
About CenterPoint Energy, Inc. CenterPoint Energy, Inc. (NYSE: CNP) is a multi-state electric and natural gas delivery company serving approximately 7 million metered customers across Indiana, Minnesota, Ohio, and Texas. The company is headquartered in Houston and is the only Texas-domiciled investor-owned utility. As of March 31, 2025, the company had approximately $44 billion in assets. With approximately 8,300 employees, CenterPoint Energy and its predecessor companies have been serving customers for more than 150 years. For more information, visit CenterPointEnergy.com.
An investment in the ETFs provides investors daily leveraged & short exposure to the underlying stock: Strategy (MSTR).
GraniteShares’s leveraged ETFs seek daily investment results, before fees and expenses, that correspond to 2 times (200%) the daily percentage change of the respective common stocks. GraniteShares’s short ETFs seek daily investment results, before fees and expenses, that correspond to -2 times (-200%) the daily percentage change of the respective common stocks. These funds are designed for sophisticated investors looking to capitalize on short-term movements in the underlying stocks.
High-Conviction Exposure to the Technology Company
MicroStrategy Incorporated, based in Tysons Corner, Virginia, delivers AI-powered enterprise analytics software and services to clients worldwide across various industries. Known as Strategy, the company offers tools like Strategy One and HyperIntelligence to provide actionable insights and seamless data access. Alongside its analytics solutions, MicroStrategy has adopted Bitcoin as its primary treasury reserve asset, accumulating it through financing and offering investors exposure to Bitcoin via its securities.
Designed for Tactical Traders
The new leveraged ETFs provide traders with a tool to gain leveraged exposure to these stocks, making them a potential consideration for those looking to execute short-term tactical trades.
“We continue to expand our suite of leveraged ETFs to meet the demand for high-conviction trading opportunities,” said Will Rhind, Founder of GraniteShares. “With the launch of MSTP and MSDD, we are providing investors with targeted tools to access some of the most exciting companies in AI, cloud computing, and Consumer Discretionary.”
GraniteShares is an entrepreneurial ETF provider focused on high-conviction investment solutions. The firm offers a range of innovative ETFs spanning leveraged, inverse, and high-yield strategies, empowering investors with differentiated tools for portfolio construction. Founded in 2016, GraniteShares has grown rapidly by delivering cutting-edge solutions tailored to modern market needs. For more information, visit www.graniteshares.com.
Media Contact: GraniteShares Inc. Attn: Media Relations 222 Broadway, 21st Floor New York, NY 10038 844-476-8747 info@graniteshares.com
RISK FACTORS AND IMPORTANT INFORMATION
This material must be preceded or accompanied by aProspectus. Carefully consider the Fund’s investment objectives risk factors, charges and expenses before investing. Please read the prospectus before investing.
The Fund is recently organized June 09,2025. As a result, prospective investors do not have a track record or history on which to base their investment decisions. There can be no assurance that the Funds will grow to or maintain an economically viable size.
The Fund is not suitable for all investors. The investment program of the funds is speculative, entails substantial risks and include asset classes and investment techniques not employed by most ETFs and mutual funds. Investments in the ETFs are not bank deposits and are not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.The Fund is designed to be utilized only by knowledgeable investors who understand the potential consequences of seeking daily leveraged (2X) investment results, understand the risks associated with the use of leverage and are willing to monitor their portfolios frequently. For periods longer than a single day, the Fund will lose money if the Underlying Stock’s performance is flat, and it is possible that the Fund will lose money even if the Underlying Stock’s performance increases over a period longer than a single day. An investor could lose the full principal value of his/her investment within a single day.
The Fund seeks daily leveraged investment results and are intended to be used as short-term trading vehicles. This Fund attempts to provide daily investment results that correspond to the respective long leveraged multiple of the performance of its underlying stock (a Leverage Long Fund).
Investors should note that such Leverage Long Fund pursues daily leveraged investment objectives, which means that the Fund is riskier than alternatives that do not use leverage because the Fund magnifies the performance of its underlying stock. The volatility of the underlying security may affect a Funds’ return as much as, or more than, the return of the underlying security.
Because of daily rebalancing and the compounding of each day’s return over time, the return of the Fund for periods longer than a single day will be the result of each day’s returns compounded over the period, which will very likely differ from 200% of the return of the Underlying Stock over the same period. The Fund will lose money if the Underlying Stock’s performance is flat over time, and as a result of daily rebalancing, the Underlying Stock volatility and the effects of compounding, it is even possible that the Fund will lose money over time while the Underlying Stock’s performance increases over a period longer than a single day.
Shares are bought and sold at market price (not NAV) and are not individually redeemed from the ETF. There can be no guarantee that an active trading market for ETF shares will develop or be maintained, or that their listing will continue or remain unchanged. Buying or selling ETF shares on an exchange may require the payment of brokerage commissions and frequent trading may incur brokerage costs that detract significantly from investment returns.
An investment in the Fund involves risk, including the possible loss of principal. The Fund is non-diversified and includes risks associated with the Fund concentrating its investments in a particular industry, sector, or geographic region which can result in increased volatility. The use of derivatives such as futures contracts and swaps are subject to market risks that may cause their price to fluctuate over time. Risks of the Fund include Effects of Compounding and Market Volatility Risk, Leverage Risk, Market Risk, Counterparty Risk, Rebalancing Risk, Intra-Day Investment Risk, Other Investment Companies (including ETFs) Risk, and risks specific to the securities of the Underlying Stock and the sector in which it operates. These and other risks can be found in the prospectus.
This information is not an offer to sell or a solicitation of an offer to buy shares of any Funds to any person in any jurisdiction in which an offer, solicitation, purchase or sale would be unlawful under the securities laws of such jurisdiction. Please consult your tax advisor about the tax consequences of an investment in Fund shares, including the possible application of foreign, state, and local tax laws. You could lose money by investing in the ETFs. There can be no assurance that the investment objective of the Funds will be achieved. None of the Funds should be relied upon as a complete investment program.
MILPITAS, Calif., June 10, 2025 (GLOBE NEWSWIRE) — TurnOnGreen, Inc. (OTC: TOGI) (“TurnOnGreen” or the “Company”), together with its division Digital Power Corporation (“DPC”), a recognized leader in custom-engineered power solutions, announced that its contract backlog has grown to $7.5 million.
This expanded backlog reflects strong demand for DPC’s innovative, mission-critical power systems across multiple industries, including military and defense, industrial, medical, e-mobility, and telecommunications. The awarded contracts involve the design and production of advanced, ruggedized power systems engineered to perform reliably in extreme environments while meeting stringent operational requirements.
TurnOnGreen and DPC specialize in custom, scalable solutions tailored to the unique needs of its global customer base. Their high-grade uninterruptible power supplies and integrated power platforms are deployed across diverse sectors, including land, sea, and airborne applications. These systems especially support essential military operations by meeting strict environmental and operational standards required by global defense OEMs.
“Digital Power’s proven track record in delivering complex and bespoke power solutions is a testament to our commitment to technical innovation and customer satisfaction,” said Amos Kohn, Chairman and CEO of TurnOnGreen. “This growing backlog not only reflects the trust our customers place in us, but also reinforces our dedication to consistently meet demanding specifications, tight timelines, and budget requirements across diverse industries and market sectors.”
About TurnOnGreen
TurnOnGreen Inc. (OTC:TOGI) designs and manufactures innovative, high-performance power solutions for mission-critical applications in some of the world’s most demanding environments. Serving diverse industries, including defense and aerospace, medical and healthcare, industrial, telecommunications, and e-Mobility, TurnOnGreen seeks to deliver cutting-edge, reliable power technologies tailored to meet complex operational needs. With over 50 years of expertise, TurnOnGreen leverages decades of experience to develop customer-driven solutions that drive innovation and efficiency. The company collaborates closely with clients to engineer advanced products that enhance performance, sustainability, and reliability across multiple sectors.
This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements generally include statements that are predictive in nature and depend upon or refer to future events or conditions, and include words such as “believes,” “plans,” “anticipates,” “projects,” “estimates,” “expects,” “intends,” “strategy,” “future,” “opportunity,” “may,” “will,” “should,” “could,” “potential,” or similar expressions. Statements that are not historical facts are forward-looking statements. Forward-looking statements are based on current beliefs and assumptions that are subject to risks and uncertainties. Forward-looking statements speak only as of the date they are made, and the Company undertakes no obligation to update any of them publicly in light of new information or future events. Actual results could differ materially from those contained in any forward-looking statement as a result of various factors including a change in future projected revenue due to modification or cancellation of orders. More information, including potential risk factors, that could affect the Company’s business and financial results are included in the Company’s filings with the U.S. Securities and Exchange Commission, including, but not limited to, the Company’s Forms 10-K, 10-Q and 8-K. All filings are available at www.sec.gov and on the Company’s website at www.TurnOnGreen.com.
– Bitcoin treasury as of May 31, 2025 valued at $16.2 million or $3.16 per share1
TAMPA, Fla., June 10, 2025 (GLOBE NEWSWIRE) — LM Funding America, Inc. (NASDAQ: LMFA) (“LM Funding” or the “Company”), a Bitcoin mining and technology-based specialty finance company, today announced its preliminary, unaudited Bitcoin mining and operational update for the month ended May 31, 2025.
Metric
Apr 2025
May 2025
– Bitcoin2
– Mined, net
6.6
6.3
– Sold
(18.0)
–
– Purchased
–
–
– Service Fee
(0.1)
–
– Bitcoin HODL
148.7
155.0
– Machines2
– Operational
5,121
4,320
– Storage
496
1,297
– Total Machines
5,617
5,617
– Hashrate (EH/s2)
– Oklahoma
0.43
0.48
– Hosted
0.13
–
– Energized
0.56
0.48
– Storage
0.05
0.13
– Total
0.61
0.61
“In May, we remained focused on increasing the output of our mining operations in support of our Bitcoin treasury strategy,”said Bruce Rodgers, Chairman and CEO of LM Funding.“Although the number of Bitcoin mined was modestly lower due to the relocation of machines from our hosted Kentucky site to our wholly owned Oklahoma facility, our Bitcoin holdings grew both in volume and value, ending the month at 155 Bitcoin worth over $16 million, or $3.16 per share. We believe the revenue generated from power curtailment activities meaningfully reduces our exposure to both energy and Bitcoin price volatility. This risk-managed approach provides our shareholders with a capital-efficient, Bitcoin-aligned platform that supports our long-term treasury accumulation strategy.”
The reduction in BTC mined is due in part to approximately 800 machines being repositioned from the Core Kentucky site to the Company’s Oklahoma site. Estimated curtailment and energy sales for May 2025 were approximately $70,000.
The Company estimates that the value of its 155 Bitcoin holdings on May 31, 2025, was approximately $16.2 million or $3.161 per share, based on a Bitcoin price of approximately $104,600 as of May 31, 2025, compared to a stock share price of $1.93 as of May 30, 2025.
“Our focus remains on capital efficiency and asset optimization,”added Richard Russell, CFO of LM Funding. “The ability to monetize power curtailment while growing our Bitcoin holdings strengthens our balance sheet and supports long-term shareholder value.”
About LM Funding America LM Funding America, Inc. (Nasdaq: LMFA), operates as a Bitcoin mining and specialty finance company. The company was founded in 2008 and is based in Tampa, Florida. For more information, please visit https://www.lmfunding.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,” “believe,” “estimate,” “expect,” “intend,” “plan,” and “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. Some of these risks and uncertainties are identified in the Company’s most recent Annual Report on Form 10-K and its other filings with the SEC, which are available atwww.sec.gov. These risks and uncertainties include, without limitation, the risks of operating in the cryptocurrency mining business, our limited operating history in the cryptocurrency mining business and our ability to grow that business, the capacity of our Bitcoin mining machines and our related ability to purchase power at reasonable prices, our ability to identify and acquire additional mining sites, the ability to finance our site acquisitions and cryptocurrency mining operations, our ability to acquire new accounts in our specialty finance business at appropriate prices, changes in governmental regulations that affect our ability to collected sufficient amounts on defaulted consumer receivables, changes in the credit or capital markets, changes in interest rates, and negative press regarding the debt collection industry. The occurrence of any of these risks and uncertainties could have a material adverse effect on our business, financial condition, and results of operations.
1Bitcoin treasury calculated using 155 Bitcoin held as of 5/31/25 and Bitcoin price of approximately $104,600 as of 5/31/25. Bitcoin per share calculated using 5,133,412 shares outstanding as of 3/31/25 from SEC Form 10-Q filed May 15, 2025 2Unaudited
WINTER PARK, Fla., June 10, 2025 (GLOBE NEWSWIRE) — Adia Nutrition Inc. (OTCQB: ADIA), based in Winter Park, Florida, focused on advancing regenerative medicine through stem cell therapies and nutritional solutions, today announced that Larry Powalisz, Chief Executive Officer, will present live at the Life Sciences Virtual Investor Forum, hosted by VirtualInvestorConferences.com, on June 11th, 2025.
DATE: June 11th, 2025 TIME: 2:00 PM ET LINK: REGISTER HERE Available for 1×1 meetings: June 12-13
This will be a live, interactive online event where investors are invited to ask the company questions in real-time. If attendees are not able to join the event live on the day of the conference, an archived webcast will also be made available after the event.
It is recommended that online investors pre-register and run the online system check to expedite participation and receive event updates.
Opened Adia Med clinic in Winter Park, FL, in January 2025, offering Autologous Hematopoietic Stem Cell Transplantation (aHSCT) for multiple sclerosis and autoimmune conditions.
Expanded regenerative therapies with two premier stem cell and exosome products, Adia Vita, an FDA-registered 361 HCT/P umbilical cord stem cell product containing 100 million viable cells and 3 trillion exosomes per unit and AdiaLink, an FDA-registered 361 HCT/P exosome product containing 3.5 trillion exosomes per unit.
Secured licensing agreements to meet global demand for Adia Med’s regenerative therapies, announced June 9, 2025.
Established subsidiaries Adia Labs LLC and Adia Med of Tinton Falls LLC to distribute and provide innovative treatments nationwide.
For questions, inquiries or further information, please contact Larry Powalisz at ceo@adiamed.com or 321-788-0850.
About ADIA Nutrition Inc.: Adia Nutrition Inc. is a publicly traded company (OTCQB: ADIA) dedicated to revolutionizing healthcare and supplementation. With a focus on innovation and quality, the company has established two key divisions: a supplement division providing premium, organic supplements, and a medical division establishing Clinics that specialize in leading-edge stem cell therapies, most significantly Umbilical Cord Stem Cells (UCB-SC) and Autologous Hematopoietic Stem Cell Transplantation (aHSCT) treatments. Through these divisions, Adia Nutrition Inc. is committed to empowering individuals to live their best lives by addressing both nutritional needs and groundbreaking medical treatments.
Safe Harbor: This Press Release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements are based on the current plans and expectations of management and are subject to a few uncertainties and risks that could significantly affect the company’s current plans and expectations, as well as future results of operations and financial condition. A more extensive listing of risks and factors that may affect the company’s business prospects and cause actual results to differ materially from those described in the forward-looking statements can be found in the reports and other documents filed by the company with the Securities and Exchange Commission and OTC Markets, Inc. OTC Disclosure and News Service. The company undertakes no obligation to publicly update or revise any forward-looking statements, because of new information, future events or otherwise.
About Virtual Investor Conferences® Virtual Investor Conferences (VIC) is the leading proprietary investor conference series that provides an interactive forum for publicly traded companies to seamlessly present directly to investors.
Providing a real-time investor engagement solution, VIC is specifically designed to offer companies more efficient investor access. Replicating the components of an on-site investor conference, VIC offers companies enhanced capabilities to connect with investors, schedule targeted one-on-one meetings, and enhance their presentations with dynamic video content. Accelerating the next level of investor engagement, Virtual Investor Conferences delivers leading investor communications to a global network of retail and institutional investors.
Virtual Investor Conferences John M. Viglotti SVP Corporate Services, Investor Access OTC Markets Group (212) 220-2221 johnv@otcmarkets.com
NEW YORK, June 10, 2025 (GLOBE NEWSWIRE) — Brandon Werley, Managing Director at Dave Cantin Group (DCG), a leading mergers and acquisitions advisory company to retail automotive groups and their owners, has been named a recipient of the 2025 Emerging Leaders Award from M&A Advisor magazine.
The 16th Annual Emerging Leaders Awards celebrate the accomplishments of M&A, finance and turnaround professionals whose significant level of success while still under the age of 40 establishes them as the industry’s emerging leaders. Brandon is the second DCG team member to receive this honor: in 2023, Brian Traugott, Chief of Staff, was also named an Emerging Leader.
“Brandon’s recognition as an Emerging Leader by M&A Advisor is a proud moment for all of us at DCG,” said CEO Dave Cantin. “His rapid rise and the trust he’s earned from major clients reflect not only his deep industry knowledge, but also his relentless work ethic and integrity. Brandon embodies the next generation of leadership in automotive M&A, and we’re honored to have him helping shape the future of our company and our industry.”
Since starting his professional career in 2018, Brandon’s path has taken him from Big Four accounting firm KPMG to Haig Partners, Withum and now Dave Cantin Group, where he helps companies strategically grow through acquisitions and optimize their portfolios through divestitures.
Brandon has advised on more than 70 completed transactions, overseeing everything from valuations and financial due diligence to negotiations and closings. He played pivotal roles in landmark deals such as Apollo Global Management’s $585 million acquisition of 34 dealership properties from Capital Automotive Real Estate Services Inc. (2019) and the sale of 17 Prime Automotive Group stores across six states (2020-2021). His expertise has contributed to strategic transactions with major dealership groups such as Lithia Motors, Asbury Automotive Group, Atlantic Coast Automotive and Open Road Capital, among several other Top 150 Dealership Groups.
Based in Pennsylvania, Brandon continues to play a key role at Dave Cantin Group, which is on track to have one of its most active advisory years in the company’s history.
About Dave Cantin Group
The Dave Cantin Group is a leading automotive M&A advisory company specializing in acquisitions, divestitures, intelligence, and other advisory services. The company is the M&A services provider of choice for North America’s top automotive dealership groups, advising on approximately 40 transactions annually. DCG is differentiated by its advisory approach, long-term lens on client relationships, and commitment to market intelligence tools that inform DCG and client strategies. In 2023, DCG became the only retail automotive M&A company with a significant strategic investor, welcoming Kaltroco to the DCG family.
Through its M&A intelligence division, DCG produces automotive content and delivers relevant, timely marketing intelligence, including the automotive industry Market Outlook Report (MOR). Together with CBT News, DCG produces the Inside M&A studio show and podcast to share stories, news and trends impacting the retail automotive industry. DCG’s proprietary AI-enabled software, Jump IQ, anchors its advisory services that support retail automotive dealers in developing informed M&A strategies and making smarter M&A decisions.
The company’s nonprofit initiative, DCG Giving, funds child and adolescent cancer research and treatment in communities nationwide and other worthy charitable initiatives. DCG team members regularly feature on the industry speaking circuit and are regularly cited by top national and global news outlets. For more information, please visit davecantingroup.com.
GREENWICH, Conn., June 10, 2025 (GLOBE NEWSWIRE) — Oxford Lane Capital Corp. (NasdaqGS: OXLC) (NasdaqGS: OXLCP) (NasdaqGS: OXLCL) (NasdaqGS: OXLCO) (NasdaqGS: OXLCZ) (NasdaqGS: OXLCN) (NasdaqGS: OXLCI) (NasdaqGS: OXLCG) (the “Company”) today announced the following net asset value (“NAV”) estimate as of May 31, 2025.
Management’s unaudited estimate of the range of the NAV per share of our common stock as of May 31, 2025, is between $4.17 and $4.27. This estimate is not a comprehensive statement of our financial condition or results for the month ended May 31, 2025. This estimate did not undergo the Company’s typical quarter-end financial closing procedures and was not approved by the Company’s board of directors. We advise you that our NAV per share for the quarter ending June 30, 2025 may differ materially from this estimate, which is given only as of May 31, 2025.
As of May 31, 2025, the Company had approximately 481.6 million shares of common stock issued and outstanding.
The fair value of the Company’s portfolio investments may be materially impacted after May 31, 2025 by circumstances and events that are not yet known. To the extent the Company’s portfolio investments are impacted by market volatility in the U.S. or worldwide, the Company may experience a material impact on its future net investment income, the fair value of its portfolio investments, its financial condition and the financial condition of its portfolio investments. Investing in our securities involves a number of significant risks. For a discussion of the additional risks applicable to an investment in our securities, please refer to the section titled “Risk Factors” in our prospectus and the section titled “Principal Risks” in our most recent annual report or semi-annual report, as applicable.
The preliminary financial data included in this press release has been prepared by, and is the responsibility of, Oxford Lane Capital Corp.’s management. PricewaterhouseCoopers LLP has not audited, reviewed, compiled, or applied agreed-upon procedures with respect to the preliminary financial data. Accordingly, PricewaterhouseCoopers LLP does not express an opinion or any other form of assurance with respect thereto.
About Oxford Lane Capital Corp.
Oxford Lane Capital Corp. is a publicly-traded registered closed-end management investment company principally investing in debt and equity tranches of CLO vehicles. CLO investments may also include warehouse facilities, which are financing structures intended to aggregate loans that may be used to form the basis of a CLO vehicle.
Forward-Looking Statements
This press release contains forward-looking statements subject to the inherent uncertainties in predicting future results and conditions. Any statements that are not statements of historical fact (including statements containing the words “believes,” “plans,” “anticipates,” “expects,” “estimates” and similar expressions) should also be considered to be forward-looking statements. These statements are not guarantees of future performance, conditions or results and involve a number of risks and uncertainties. Certain factors could cause actual results and conditions to differ materially from those projected in these forward-looking statements. These factors are identified from time to time in our filings with the Securities and Exchange Commission. We undertake no obligation to update such statements to reflect subsequent events, except as may be required by law.
CALGARY, Alberta, June 10, 2025 (GLOBE NEWSWIRE) — Mawer Investment Management Ltd. (Mawer) announced today the following executive leadership updates:
Bruce Geddes, CFA, Appointed Chief Executive Officer
Mawer is pleased to announce the appointment of Bruce Geddes as Chief Executive Officer (CEO), effective July 2, 2025.
Mr. Geddes brings over 30 years of progressive leadership in capital markets and investment management to Mawer. Most recently, he spent 16 years with RBC Global Asset Management as President, PH&N Canadian Institutional. Renowned for his client-centric approach, talent management, and disciplined execution, Mr. Geddes has led high-performing teams, consistently achieving top industry recognition across the Canadian and North American markets.
“We are thrilled to welcome Bruce Geddes as Mawer’s new CEO,” says Craig Senyk, Board Chair. “Bruce’s proven leadership, deep industry expertise, and commitment to clients aligns directly with our strategic vision and values. I am confident that under his guidance, Mawer will continue to deliver exceptional results for our clients, employees, and community.”
Prior to RBC, Mr. Geddes held senior roles at TD Asset Management, where he was a key contributor to the growth of the Canadian Institutional Fixed Income franchise, and at RBC Capital Markets as a derivatives trader. He holds a CFA designation and a Bachelor of Commerce in Finance from Carleton University. He is also recognized for his community leadership, notably as part of a top fundraising team for cancer research and other charitable initiatives.
“I’ve followed Mawer’s journey for some time and I’m excited for the opportunity to join this remarkable firm,” says Geddes. “I look forward to collaborating closely with the Board and the talented team to continue the firm’s legacy of long-term investment excellence, commitment to clients, and doing the right thing, always.”
Jim Hall, CFA, Appointed Chief Investment Officer
Mawer is pleased to announce that Jim Hall has been appointed Chief Investment Officer (CIO), effective July 2, 2025. Christian Deckart will step down from the CIO role to focus his full attention as lead portfolio manager for the Mawer global equity strategy. As part of the transition, Mr. Hall will be stepping down from his role as President and as a member of the firm’s Executive Team and Board of Directors to focus directly on his role as CIO.
“It’s been a great honour to serve this term in the President role,” said Mr. Hall. “The Executive Team has done outstanding work during this period and is in great shape to carry on from here. I’m delighted to be picking back up the CIO position full-time, a role that I love.”
Mr. Hall brings extensive portfolio management experience as lead manager of the Mawer EAFE large cap strategy and previously as portfolio manager for the Mawer Canadian equity, global equity, and international equity strategies. Since joining Mawer in 1997, he has played a key role in shaping the firm’s investment philosophy and process, including serving as Chief Investment Officer from 2004 to 2018. Mr. Hall has served on the Board since 2000, chairing it from 2008 to 2023.
“Jim has been an integral part of Mawer’s growth and success for almost three decades. His deep investment expertise, steadfast commitment to the firm, and ability to bring out the best in those around him have set a standard for excellence at Mawer,” says Craig Senyk, Board Chair. “We are grateful for his leadership as President and Board member, and we look forward to his continued impact as Chief Investment Officer.”
About Mawer Investment Management Ltd. Founded in 1974, Mawer is an independent investment firm managing portfolios for a broad range of foundations and not-for-profit organizations, pension plans, strategic alliances, and individual investors. For more information, visit Mawer at www.mawer.com.
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