Business – Page 95 – NewzIntel.com

EU to ramp up retaliation plans as US tariff deal prospects dim

Source: Government of India

Source: Government of India (4)

The European Union is exploring a broader set of possible counter-measures against the United States as prospects for an acceptable trade agreement with Washington fade, according to EU diplomats.

An increasing number of EU members, including Germany, are now considering using wide-ranging “anti-coercion” measures which would let the bloc target U.S. services and other sectors in the absence of a deal, diplomats say.

The European Commission, which negotiates trade agreements on behalf of the 27-member bloc, had appeared on course for a agreement in which the EU would still have faced a 10% U.S. tariff on most of its exports, with some concessions.

Such hopes now seem dashed after President Donald Trump’s threat to impose a 30% tariff by August 1, and following talks between EU Trade Commissioner Maros Sefcovic and U.S. counterparts in Washington last week.

Sefcovic, who has said a 30% tariff would “practically prohibit” transatlantic trade, delivered a sober report on the current state of play to EU envoys on Friday, diplomats told Reuters.

U.S. counterparts had come up with diverging solutions during his meetings, including a baseline rate that could be well above 10%, the EU diplomats added.

“Each interlocutor seemed to have different ideas. No one can tell (Sefcovic) what would actually fly with Trump,” one diplomat said.

Prospects of easing or removing 50% U.S. tariffs on steel and aluminium and 25% on cars and car parts appear limited.

‘NUCLEAR OPTION’

Washington has also rejected the EU’s demand for a “standstill” arrangement, whereby no further tariffs would be imposed after a deal is struck. The rationale, according to diplomats, is that Trump’s hands cannot be tied on national security, the basis of Section 232 trade investigations into pharmaceuticals, semiconductors and timber.

Accordingly, the mood has pivoted among EU countries, EU diplomats say, and they are more ready to react, even though a negotiated solution is their preferred option.

The EU has one package of tariffs on 21 billion euros ($24.5 billion) of U.S. goods that is currently suspended until August 6. The bloc must still decide on a further set of countermeasures on 72 billion euros of U.S. exports.

Discussions have also increased on using the EU’s wide-ranging “anti-coercion” instrument (ACI) that allows the bloc to retaliate against third countries that put economic pressure on member states to change their policies.

Brought in more with China in mind, it would allow the bloc to target U.S. services, limit U.S. companies’ access to public procurement or financial services markets or restrict U.S. investment.

France has consistently advocated using the ACI, but others have baulked at what some see as a nuclear option. Trump has warned he will retaliate if other countries take action against the United States.

European Commission President Ursula von der Leyen said a week ago that the ACI was created for extraordinary situations, adding: “We are not there yet.”

The Commission would need a qualified majority of 15 countries making up 65% of the EU population to invoke it. It would not do so unless it was confident of passing it, but there are now growing signs of support building, with Germany among the countries saying it should be considered, EU diplomats say.

(Reuters)

July 22, 2025

MIL-OSI: Form 8.3 – [MARLOWE PLC – 18 07 2025] – (CGWL)

Source: GlobeNewswire (MIL-OSI)

FORM 8.3

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”)

1. KEY INFORMATION

(a) Full name of discloser:	CANACCORD GENUITY WEALTH LIMITED (for Discretionary clients)
(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	18 JULY 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:	3,007,843	3.8305
(2) Cash-settled derivatives:
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:
TOTAL:	3,007,843	3.8305

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	765	439.5p

(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	Number of reference securities	Price per unit
NONE

(c) Stock-settled derivative transactions (including options)

(i) Writing, selling, purchasing or varying

Class of relevant security	Product description e.g. call option	Writing, purchasing, selling, varying etc.	Number of securities to which option relates	Exercise price per unit	Type e.g. American, European etc.	Expiry date	Option money paid/ received per unit
NONE

(ii) Exercise

Class of relevant security

Product description
e.g. call option

Exercising/ exercised against

Number of securities

Exercise price per unit

(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:	21 JULY 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.

The Code can be viewed on the Panel’s website at www.thetakeoverpanel.org.uk.

The MIL Network –

July 21, 2025

MIL-OSI: Form 8.3 – [MARLOWE PLC – 18 07 2025] – (CGWL)

Source: GlobeNewswire (MIL-OSI)

FORM 8.3

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”)

1. KEY INFORMATION

(a) Full name of discloser:	CANACCORD GENUITY WEALTH LIMITED (for Discretionary clients)
(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	18 JULY 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:	3,007,843	3.8305
(2) Cash-settled derivatives:
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:
TOTAL:	3,007,843	3.8305

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	765	439.5p

(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	Number of reference securities	Price per unit
NONE

(c) Stock-settled derivative transactions (including options)

(i) Writing, selling, purchasing or varying

Class of relevant security	Product description e.g. call option	Writing, purchasing, selling, varying etc.	Number of securities to which option relates	Exercise price per unit	Type e.g. American, European etc.	Expiry date	Option money paid/ received per unit
NONE

(ii) Exercise

Class of relevant security

Product description
e.g. call option

Exercising/ exercised against

Number of securities

Exercise price per unit

(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:	21 JULY 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.

The Code can be viewed on the Panel’s website at www.thetakeoverpanel.org.uk.

The MIL Network –

July 21, 2025

MIL-OSI: TidyCoin Launches to Turn Crypto Clutter Into Deflationary Gold With a First-of-Its-Kind Burn Ecosystem

Source: GlobeNewswire (MIL-OSI)

GEORGE TOWN, Cayman Islands, July 21, 2025 (GLOBE NEWSWIRE) — TidyCoin (keep scrolling for the $TIDY contract address), an innovative new entrant in the crypto space, has officially launched with a mission to clean up the digital chaos cluttering user wallets — and turn it into something valuable. The project rewards users who send in their worthless memecoins and abandoned tokens, giving them $TIDY in return — a token engineered to grow more scarce and more valuable over time.

With the rise of speculative noise and rug-pull fatigue, TidyCoin taps into something deeper: the urge to simplify, to refocus, to tidy up. And it doesn’t stop there. At the heart of the TidyCoin ecosystem is a hyper-casual game where players battle against AI and each other to trigger real token burns — a play-to-burn mechanic that accelerates deflation every time the community plays.

Early adopters can also stake $TIDY to unlock additional in-game benefits and future earning potential. Meanwhile, the team is laying the groundwork for future revenue streams that will fuel aggressive buyback and burn programs, compounding the token’s scarcity.

Backed by a 25% airdrop allocation, a strategic partnership with Jungl (https://jungl.world/) — an AI-powered ecosystem for game creation, tokenization, and community growth — and a multi-chain rollout via a unified liquidity pool on PAW Chain (https://www.pawchain.net/), TidyCoin is engineered for rapid scale and unstoppable reach.

“TidyCoin isn’t just a token — it’s a movement,” said a TidyCoin spokesperson. “We’re building the cleanest, leanest, most deflationary ecosystem crypto has ever seen. We’re not here to ride a trend — we’re here to set it.”

With ongoing Twitter Spaces, biweekly contests, and multi-chain activations, TidyCoin is steadily building a culture around simplicity, value, and long-term thinking — one cleaned-up wallet at a time.

_____

About TidyCoin
TidyCoin is a deflationary crypto project that rewards users for sending worthless tokens to the TIDY Vault. It offers staking perks, a play-to-burn game, and a future roadmap focused on utility-based revenue streams and buyback burns. TidyCoin is building a global brand around productivity, decluttering, smarter spending, and lasting value in crypto.

Contact:
Mepusica
Contac@tiddycoin.xyz

Disclaimer: This content is provided by TidyCoin. 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.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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Photos accompanying this announcement are available at:
https://www.globenewswire.com/NewsRoom/AttachmentNg/914b3729-f875-4b69-bd69-de4d26bbd93c
https://www.globenewswire.com/NewsRoom/AttachmentNg/bc84a316-d5f0-4ade-9eb2-8bf2ad6cbb65
https://www.globenewswire.com/NewsRoom/AttachmentNg/00a63afb-d98f-4a90-8d64-2905dbc6d4cc

The MIL Network –

July 21, 2025

MIL-OSI: Ambiq Announces Launch of Initial Public Offering

Source: GlobeNewswire (MIL-OSI)

Ambiq Announces Launch of Initial Public Offering

AUSTIN, Texas, July 21, 2025 (GLOBE NEWSWIRE) — Ambiq Micro, Inc. (“Ambiq”), a technology leader in ultra-low-power semiconductor solutions for edge AI, today announced the commencement of its initial public offering of 3,400,000 shares of its common stock. The initial public offering price is expected to be between $22.00 and $25.00 per share. Ambiq expects to grant the underwriters a 30-day option to purchase up to an additional 510,000 shares (solely to cover over-allotments, if any) of its common stock at the initial public offering price, less underwriting discounts and commissions. Ambiq has applied to list its common stock on the New York Stock Exchange under the ticker symbol “AMBQ.”

BofA Securities and UBS Investment Bank are acting as joint lead book-running managers for the proposed offering. Needham & Company and Stifel are acting as joint book-running managers for the proposed offering.

A registration statement on Form S-1, including a prospectus, relating to the proposed offering of securities has been filed with the U.S. Securities and Exchange Commission but has not yet become effective. Accordingly, these securities may not be sold, nor may offers to buy be accepted, prior to the time the registration statement becomes effective. The proposed offering will be made only by means of a prospectus. Copies of the preliminary prospectus relating to the proposed offering may be obtained by contacting: BofA Securities, NC1-022-02-25, 201 North Tryon Street, Charlotte, North Carolina 28255-0001, Attention: Prospectus Department, or by email at dg.prospectus_requests@bofa.com or UBS Securities LLC, Attention: Prospectus Department, 1285 Avenue of the Americas, New York, New York 10019, by telephone at (888) 827-7275 or by emailing ol-prospectus-request@ubs.com.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or other jurisdiction.

About Ambiq

Ambiq’s mission is to enable intelligence (artificial intelligence (AI) and beyond) everywhere by delivering the lowest power semiconductor solutions. Ambiq enables its customers to deliver AI compute at the edge where power consumption challenges are the most severe. Ambiq’s technology innovations, built on the patented and proprietary sub-threshold power optimized technology (SPOT®), fundamentally deliver a multi-fold improvement in power consumption over traditional semiconductor designs. Ambiq has powered over 270 million devices to date.

Forward-Looking Statements

The statements contained in this press release that are not historical facts are forward-looking statements. You can identify forward-looking statements because they contain words such as “believes,” “expects,” “may,” “will,” “should,” “seeks,” “intends,” “plans,” “estimates,” or “anticipates,” or similar expressions which concern our strategy, plans, projections or intentions. These forward-looking statements may be included throughout this press release, and include, but are not limited to, statements relating to the expected initial public offering price of the initial public offering and the grant to the underwriters of the option to purchase additional shares. By their nature, forward-looking statements are not statements of historical fact or guarantees of future performance and are subject to risks, uncertainties, assumptions or changes in circumstances that are difficult to predict or quantify. Ambiq’s expectations, beliefs and projections are expressed in good faith and Ambiq believes there is a reasonable basis for them. However, there can be no assurance that management’s expectations, beliefs and projections will result or be achieved and actual results may vary materially from what is expressed in or indicated by the forward-looking statements. Any forward-looking statement in this press release speaks only as of the date of this release. Ambiq undertakes no obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by any applicable securities laws.

Contact

Charlene Wan 
VP of Corporate Marketing and Investor Relations
cwan@ambiq.com 

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/166017b7-635a-43d8-8e50-ac35020cfede

The MIL Network –

July 21, 2025

MIL-OSI Economics: RBI imposes monetary penalty on The Government Employees Co-operative Bank Limited, Dharwad, Karnataka

Source: Reserve Bank of India

The Reserve Bank of India (RBI) has, by an order dated July 17, 2025, imposed a monetary penalty of ₹1 lakh (Rupees One Lakh only) on The Government Employees Co-operative Bank Limited, Dharwad, Karnataka (the bank) for non-compliance with certain directions issued by RBI on ‘Know Your Customer (KYC)’ and ‘Comprehensive Cyber Security Framework for Primary (Urban) Cooperative Banks (UCBs)’. This penalty has been imposed in exercise of powers conferred on RBI under the provisions of Section 47A(1)(c) read with Sections 46(4)(i) and 56 of the Banking Regulation Act, 1949.

The statutory inspection of the bank was conducted by RBI with reference to its financial position as on March 31, 2024. Based on supervisory findings of non-compliance with RBI directions and related correspondence in that regard, a notice was issued to the bank advising it to show cause as to why penalty should not be imposed on it for its failure to comply with the said directions. After considering the bank’s reply to the notice and oral submissions made during the personal hearing, RBI found, inter alia, that the following charges against the bank were sustained, warranting imposition of monetary penalty:

The bank had:

failed to upload the KYC records of customers onto Central KYC Records Registry (CKYCR) within the prescribed timeline; and
not implemented certain cyber security control measures and requirements under the Cyber Security Framework prescribed by RBI.

This action is based on deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers. Further, imposition of this monetary penalty is without prejudice to any other action that may be initiated by RBI against the bank.

(Puneet Pancholy)
Chief General Manager

Press Release: 2025-2026/751

MIL OSI Economics –

July 21, 2025

MIL-OSI Economics: [Opinion] Samsung in Collaboration with DTIC: Creating Meaningful Employment & Strengthening SA Economy through EEIP

Source: Samsung

According to research by Thrive CFO*: Small businesses in South Africa face numerous challenges, including access to funding, competition from larger companies, limited market reach, high operating costs, lack of skilled labour, regulatory compliance, cybersecurity threats, cash flow management, limited access to technology and environmental sustainability. *

To help small enterprises in South Africa to overcome some of these challenges, Samsung in collaboration with the Department of Trade, Industry and Competition (DTIC) has – under its R280-million worth Equity Equivalent Investment Programme (EEIP), which was launched in 2019 – formulated programmes that address some of government’s priorities as well as Information and Communication Technology (ICT) challenges.

This multi-million rand EEIP programme aims to empower black owned and local SMEs with a particular focus on women and start-up businesses in the ICT sector. It supports skills development, enterprise development and job creation to contribute to black economic empowerment. The EEIP is part of Samsung’s broader commitment to social responsibility and economic development within South Africa.

Samsung’s EEIP programme is closely aligned to the overarching objectives of the National Development Plan (NDP) Vision for 2030 and South Africa’s framework of broad-based black economic empowerment (B-BBEE) – providing a mechanism for multi-nationals to contribute towards the development of black South Africans.

This framework has allowed our company to contribute to B-BBEE goals through alternative investments, including investments in black-owned businesses, ICT development and skills development. Our EEIP programme focuses on strengthening black economic empowerment by supporting ICT entrepreneurs and fostering technological advancement, ultimately contributing to socio-economic development and job creation. South Africa’s NDP envisions a thriving SME sector as a cornerstone of the country’s inclusive, resilient economy by 2030.

In essence, the NDP sees SMEs as a crucial engine for economic growth, job creation and poverty reduction. This strategic plan for South Africa’s future outlines various tactics to foster SME development and ensure their long-term success. Our government, which includes our collaborative partner, DTIC, believe that SMEs can create the majority of new jobs in the country – contributing significantly to economic growth as well as play a vital role in the reduction of poverty and inequality.

As Samsung, we also understand how much entrepreneurship contributes to job creation, community development and how it fosters innovation and drives economic growth. For that reason, Samsung EEIP programme and DTIC have opened the third Call to Market for the Transformative SME Development Programme – targeting suitable ICT entrepreneurs in the country, that are eager to grow their businesses for funding and support.

This transformative SME Development Programme seeks to support local entrepreneurs throughout their journey as well as driving a culture of innovation and digital solutions. So, in an effort to go beyond meeting our obligations towards government and demonstrate our ongoing investment in SME development – we are in the process of recruiting suitable SMEs to participate in this EEIP SME Development Programme with the ultimate aim of contributing to economic growth and job creation.

In the last two years, our criteria for this EEIP SME Development Programme focused on targeting SMEs that had been operating in the ICT and Service Centre space for at least a minimum of three years with a turnover that is less than R50M per annum. This year, our EEIP SME Development Programme “Call to Market” campaign for entries has gone with a unique approach that aims to make a tangible difference in the lives of local ICT SMEs. We have changed our focus to include start-up, micro-enterprises that are still in their infancy stage and also put a strong focus on women-owned businesses.

In collaboration with DTIC, we understand that start-up businesses are generally considered high-risk ventures, particularly in the early stages. We have therefore put in place some mitigating measures coupled with key performance indicators (KPI’s) to help manage these micro-enterprises efficiently and overcome any challenges that might come our way. The specific KPIs that are used in this EEIP SME Development Programme include:

Economic Impact – looks at accumulative investment in SME development, capacity building as well as the contribution to the South African economy. Also, this KPI looks at job creation, growth in revenue and the profitability of supported SMEs.
Enterprise Development – evaluates the number of SMEs specifically black-owned as well as those that are township-based and the number of businesses supported.
Capacity Building: looks at the number of individuals trained or upskilled, improvements in business management skills as well as access to new markets and technologies. And lastly,
Sustainability: The environmental impact of supported businesses, long-term viability of supported SMEs as well as the number of black-owned businesses and townships-based that are supported.

We made these changes because we understand the need to develop local start-up enterprises and also how gender representation plays a crucial role in the development of entrepreneurs in the country. Importantly, we strongly believe that gender inclusion in the ICT entrepreneurship space will help to unlock economic potential, drive innovation and create a more equitable and sustainable future.

With this new approach in this year’s EEIP SME Development Programme, we are now able to offer a larger pool of eligible ICT SMEs in the country an opportunity to access grant funding and enterprise development support to help propel their businesses to greater heights. This improved approach aims to identify gems in the market and offer them holistic support which also includes Business Development assistance (mentoring and coaching) to help in fostering growth, a dynamic and connected information society as well as a knowledge economy.

This essentially means that this holistic approach in our transformative EEIP SME Development Programme does not only focus on developing technical skills (for those organisations in the ICT sector), but also other key entrepreneurial capabilities such as soft skills that can help create sustainable businesses in South Africa and enable them to become engines for job creation.

Also, our business development initiatives include an Enterprise Development Bootcamp that is part of Samsung’s EEIP Programme – which helps young entrepreneurs launch and grow their businesses. This fast-paced four –month long, Bootcamp programme focuses on developing entrepreneurial skills and supporting Black-owned businesses in South Africa, particularly in the areas of Service Centre repairs and ICT. It aims to accelerate and grow businesses by providing entrepreneurs with training, mentorship, and financial support.

Samsung’s EEIP programme – now in its seven years of sustained success and this Enterprise Development “Call to Market” which represents the 3rd edition of our programme seeks to continue making a measurable difference to the socio-economic development of black South Africans. This year’s call follows two successful cycles and forms part of our broader commitment to the ICT sector, SME development and Vision 2030.

This is our way of ensuring that we empower South Africa’s digital future by helping ICT entrepreneurs thrive as we deepen our commitment and collaboration with DTIC. The success of this EEIP SME Development Programme is highlighting the significant milestone of our EEIP in the country and the profound impact it has had on the nation’s ICT sector in conjunction with the DTIC.

Our programme’s alignment with South Africa’s Vision 2030 and its success to date – has positioned this transformative SME Development Programme as one of the notably -value adding EEIPs in the sector. Furthermore, our strong and successful collaboration with the DTIC in strengthening the ICT sector through the EEIP – now complemented by our focus on providing support to start-ups in the infancy stage while also ensuring gender representation in this year’s SME Development Programme – is a true testament to shared goals for national development in the country.

MIL OSI Economics –

July 21, 2025

MIL-OSI Economics: [Opinion] Samsung in Collaboration with DTIC: Creating Meaningful Employment & Strengthening SA Economy through EEIP

Source: Samsung

According to research by Thrive CFO*: Small businesses in South Africa face numerous challenges, including access to funding, competition from larger companies, limited market reach, high operating costs, lack of skilled labour, regulatory compliance, cybersecurity threats, cash flow management, limited access to technology and environmental sustainability. *

To help small enterprises in South Africa to overcome some of these challenges, Samsung in collaboration with the Department of Trade, Industry and Competition (DTIC) has – under its R280-million worth Equity Equivalent Investment Programme (EEIP), which was launched in 2019 – formulated programmes that address some of government’s priorities as well as Information and Communication Technology (ICT) challenges.

This multi-million rand EEIP programme aims to empower black owned and local SMEs with a particular focus on women and start-up businesses in the ICT sector. It supports skills development, enterprise development and job creation to contribute to black economic empowerment. The EEIP is part of Samsung’s broader commitment to social responsibility and economic development within South Africa.

Samsung’s EEIP programme is closely aligned to the overarching objectives of the National Development Plan (NDP) Vision for 2030 and South Africa’s framework of broad-based black economic empowerment (B-BBEE) – providing a mechanism for multi-nationals to contribute towards the development of black South Africans.

This framework has allowed our company to contribute to B-BBEE goals through alternative investments, including investments in black-owned businesses, ICT development and skills development. Our EEIP programme focuses on strengthening black economic empowerment by supporting ICT entrepreneurs and fostering technological advancement, ultimately contributing to socio-economic development and job creation. South Africa’s NDP envisions a thriving SME sector as a cornerstone of the country’s inclusive, resilient economy by 2030.

In essence, the NDP sees SMEs as a crucial engine for economic growth, job creation and poverty reduction. This strategic plan for South Africa’s future outlines various tactics to foster SME development and ensure their long-term success. Our government, which includes our collaborative partner, DTIC, believe that SMEs can create the majority of new jobs in the country – contributing significantly to economic growth as well as play a vital role in the reduction of poverty and inequality.

As Samsung, we also understand how much entrepreneurship contributes to job creation, community development and how it fosters innovation and drives economic growth. For that reason, Samsung EEIP programme and DTIC have opened the third Call to Market for the Transformative SME Development Programme – targeting suitable ICT entrepreneurs in the country, that are eager to grow their businesses for funding and support.

This transformative SME Development Programme seeks to support local entrepreneurs throughout their journey as well as driving a culture of innovation and digital solutions. So, in an effort to go beyond meeting our obligations towards government and demonstrate our ongoing investment in SME development – we are in the process of recruiting suitable SMEs to participate in this EEIP SME Development Programme with the ultimate aim of contributing to economic growth and job creation.

In the last two years, our criteria for this EEIP SME Development Programme focused on targeting SMEs that had been operating in the ICT and Service Centre space for at least a minimum of three years with a turnover that is less than R50M per annum. This year, our EEIP SME Development Programme “Call to Market” campaign for entries has gone with a unique approach that aims to make a tangible difference in the lives of local ICT SMEs. We have changed our focus to include start-up, micro-enterprises that are still in their infancy stage and also put a strong focus on women-owned businesses.

In collaboration with DTIC, we understand that start-up businesses are generally considered high-risk ventures, particularly in the early stages. We have therefore put in place some mitigating measures coupled with key performance indicators (KPI’s) to help manage these micro-enterprises efficiently and overcome any challenges that might come our way. The specific KPIs that are used in this EEIP SME Development Programme include:

Economic Impact – looks at accumulative investment in SME development, capacity building as well as the contribution to the South African economy. Also, this KPI looks at job creation, growth in revenue and the profitability of supported SMEs.
Enterprise Development – evaluates the number of SMEs specifically black-owned as well as those that are township-based and the number of businesses supported.
Capacity Building: looks at the number of individuals trained or upskilled, improvements in business management skills as well as access to new markets and technologies. And lastly,
Sustainability: The environmental impact of supported businesses, long-term viability of supported SMEs as well as the number of black-owned businesses and townships-based that are supported.

We made these changes because we understand the need to develop local start-up enterprises and also how gender representation plays a crucial role in the development of entrepreneurs in the country. Importantly, we strongly believe that gender inclusion in the ICT entrepreneurship space will help to unlock economic potential, drive innovation and create a more equitable and sustainable future.

With this new approach in this year’s EEIP SME Development Programme, we are now able to offer a larger pool of eligible ICT SMEs in the country an opportunity to access grant funding and enterprise development support to help propel their businesses to greater heights. This improved approach aims to identify gems in the market and offer them holistic support which also includes Business Development assistance (mentoring and coaching) to help in fostering growth, a dynamic and connected information society as well as a knowledge economy.

This essentially means that this holistic approach in our transformative EEIP SME Development Programme does not only focus on developing technical skills (for those organisations in the ICT sector), but also other key entrepreneurial capabilities such as soft skills that can help create sustainable businesses in South Africa and enable them to become engines for job creation.

Also, our business development initiatives include an Enterprise Development Bootcamp that is part of Samsung’s EEIP Programme – which helps young entrepreneurs launch and grow their businesses. This fast-paced four –month long, Bootcamp programme focuses on developing entrepreneurial skills and supporting Black-owned businesses in South Africa, particularly in the areas of Service Centre repairs and ICT. It aims to accelerate and grow businesses by providing entrepreneurs with training, mentorship, and financial support.

Samsung’s EEIP programme – now in its seven years of sustained success and this Enterprise Development “Call to Market” which represents the 3rd edition of our programme seeks to continue making a measurable difference to the socio-economic development of black South Africans. This year’s call follows two successful cycles and forms part of our broader commitment to the ICT sector, SME development and Vision 2030.

This is our way of ensuring that we empower South Africa’s digital future by helping ICT entrepreneurs thrive as we deepen our commitment and collaboration with DTIC. The success of this EEIP SME Development Programme is highlighting the significant milestone of our EEIP in the country and the profound impact it has had on the nation’s ICT sector in conjunction with the DTIC.

Our programme’s alignment with South Africa’s Vision 2030 and its success to date – has positioned this transformative SME Development Programme as one of the notably -value adding EEIPs in the sector. Furthermore, our strong and successful collaboration with the DTIC in strengthening the ICT sector through the EEIP – now complemented by our focus on providing support to start-ups in the infancy stage while also ensuring gender representation in this year’s SME Development Programme – is a true testament to shared goals for national development in the country.

MIL OSI Economics –

July 21, 2025

MIL-OSI: Roper Technologies announces second quarter financial results and acquisition of Subsplash; Increasing full year guidance

Source: GlobeNewswire (MIL-OSI)

SARASOTA, Fla., July 21, 2025 (GLOBE NEWSWIRE) — Roper Technologies, Inc. (Nasdaq: ROP) reported financial results for the second quarter ended June 30, 2025.

Second quarter 2025 highlights

Revenue increased 13% to $1.94 billion; organic revenue was +7% and acquisition contribution was +6%
GAAP net earnings increased 12% to $378 million; adjusted net earnings increased 9% to $528 million
Adjusted EBITDA increased 12% to $775 million
GAAP operating cash flow increased 5% to $404 million; adjusted operating cash flow increased 13% to $434 million
GAAP DEPS increased 12% to $3.49; adjusted DEPS increased 9% to $4.87

“We delivered another strong quarter, highlighted by 13% total revenue growth, 7% organic revenue growth, and 10% free cash flow growth,” said Neil Hunn, Roper Technologies’ President and CEO. “Our businesses continued to execute at a high level, while further innovating and investing to drive durable, long-term growth. We are particularly excited about how AI capabilities are enhancing our solutions and creating new opportunities, broadly, across our portfolio. Our second quarter growth was balanced across all three segments, as expected, and positions us well for a strong second half.”

“We are once again increasing our full year outlook, supported by our strong second quarter results, the continued expansion of our recurring revenue base, and resilient demand for our businesses’ mission critical solutions. With significant M&A capacity and our proven acquisition model, we remain well positioned to execute our disciplined capital deployment strategy against a large pipeline of attractive opportunities. The combination of our durable business portfolio and proven M&A capability continues to fuel compelling long-term cash flow compounding for our shareholders.”

Subsplash acquisition

Last week, Roper signed a definitive agreement to acquire Subsplash, a leading provider of AI-enabled, cloud-based software and fintech solutions that serve over 20,000 faith-based organizations and churches, for a purchase price of $800 million.

“Subsplash is a terrific business that meets each of our long-standing acquisition criteria while enhancing shareholder value creation with its high-teens organic growth profile and the ability to expand margins under Roper’s long-term ownership. We are excited to welcome the Subsplash team to the Roper family and look forward to partnering with them to execute their long-term growth strategy. We see significant potential for Subsplash to further advance their AI capabilities and deliver powerful solutions that will drive increased engagement for their customers,” concluded Mr. Hunn.

Increasing 2025 guidance

Roper now expects full year 2025 adjusted DEPS of $19.90 – $20.05, compared to previous guidance of $19.80 – $20.05. The Company increased its full year total revenue growth outlook to ~13%, compared to a previous outlook of ~12%, and continues to expect organic revenue growth of +6 – 7%.

For the third quarter of 2025, the Company expects adjusted DEPS of $5.08 – $5.12.

Roper’s guidance includes the impact of the Subsplash acquisition, which is expected to close later this month. The Company’s guidance excludes the impact of unannounced future acquisitions or divestitures.

Conference call to be held at 8:00 AM (ET) today

A conference call to discuss these results has been scheduled for 8:00 AM ET on Monday, July 21, 2025. The call can be accessed via webcast or by dialing +1 800-836-8184 (US/Canada) or +1 646-357-8785, using conference call ID 87418. Webcast information and conference call materials will be made available in the Investors section of Roper’s website (www.ropertech.com) prior to the start of the call. The webcast can also be accessed directly by using the following URL https://event.webcast. Telephonic replays will be available for up to two weeks and can be accessed by dialing +1 646-517-4150 with access code 87418#.

Use of non-GAAP financial information

The Company supplements its consolidated financial statements presented on a GAAP basis with certain non-GAAP financial information to provide investors with greater insight, increase transparency and allow for a more comprehensive understanding of the information used by management in its financial and operational decision-making. Reconciliation of non-GAAP measures to their most directly comparable GAAP measures are included in the accompanying financial schedules or tables. The non-GAAP financial measures disclosed by the Company should not be considered a substitute for, or superior to, financial measures prepared in accordance with GAAP, and the financial results prepared in accordance with GAAP and reconciliations from these results should be carefully evaluated.

Minority interest

Following the sale of a majority stake in its industrial businesses to CD&R, Roper holds a minority interest in Indicor. The fair value of Roper’s equity investment in Indicor is updated on a quarterly basis and reported as “equity investments (gain) loss, net.” Roper makes non-GAAP adjustments for the impacts associated with this investment.

Table 1: Revenue and adjusted EBITDA reconciliation ($M)
	Q2 2024			Q2 2025				V %
GAAP revenue	$	1,717		$	1,944				13	%

Components of revenue growth
Organic									7	%
Acquisitions									6	%
Foreign exchange									—	%
Revenue growth									13	%

Adjusted EBITDA reconciliation
GAAP net earnings	$	337		$	378
Taxes		88			107
Interest expense		68			79
Depreciation		9			10
Amortization		192			213
EBITDA	$	694		$	788				14	%

Transaction-related expenses for completed acquisitions		—			4
Financial impacts associated with the minority investments in Indicor & Certinia		1			(17	)	^A
Adjusted EBITDA	$	695		$	775				12	%
Adjusted EBITDA margin		40.5	%		39.9	%			(60 bps	)

Table 2: Adjusted net earnings reconciliation ($M)
	Q2 2024		Q2 2025				V %
GAAP net earnings	$	337	$	378				12	%
Transaction-related expenses for completed acquisitions		—		3
Financial impacts associated with the minority investments in Indicor & Certinia		—		(13	)	^A
Amortization of acquisition-related intangible assets		146		160		^B
Adjusted net earnings ^C	$	483	$	528				9	%

Table 3: Adjusted DEPS reconciliation
	Q2 2024		Q2 2025				V %
GAAP DEPS	$	3.12	$	3.49				12	%
Transaction-related expenses for completed acquisitions		—		0.03
Financial impacts associated with the minority investments in Indicor & Certinia		—		(0.12	)	^A
Amortization of acquisition-related intangible assets		1.35		1.48		^B
Adjusted DEPS ^C	$	4.48	$	4.87				9	%

Table 4: Adjusted cash flow reconciliation ($M)
	Q2 2024			Q2 2025				V %
Operating cash flow	$	384		$	404				5	%
Taxes paid in period related to divestiture		—			30		^D
Adjusted operating cash flow	$	384		$	434				13	%
Capital expenditures		(7	)		(16	)
Capitalized software expenditures		(11	)		(14	)
Adjusted free cash flow	$	367		$	403				10	%

Table 5: Forecasted adjusted DEPS reconciliation
	Q3 2025				FY 2025
	Low end		High end		Low end		High end
GAAP DEPS ^E	$	3.61	$	3.65	$	13.89	$	14.04
YTD transaction-related expenses for completed acquisitions		—		—		0.03		0.03
YTD financial impacts associated with the minority investment in Indicor ^A		—		—		0.17		0.17
Amortization of acquisition-related intangible assets ^B		1.47		1.47		5.81		5.81
Adjusted DEPS ^C	$	5.08	$	5.12	$	19.90	$	20.05

Footnotes:

A.	Adjustments related to the financial impacts associated with the minority investment in Indicor as shown below ($M, except per share data). Forecasted results do not include any potential impacts associated with our minority investment in Indicor, as these potential impacts cannot be reasonably predicted. These impacts will be excluded from all non-GAAP results in future periods.

		Q2 2025A			Q3 2025E		FY 2025E		YTD 2025A
	Pretax	$	(17	)	TBD		TBD		$	28
	After-tax	$	(13	)	TBD		TBD		$	18
	Per share	$	(0.12	)	TBD		TBD		$	0.17

B.	Actual results and forecast of estimated amortization of acquisition-related intangible assets as shown below ($M, except per share data). Forecasted results do not include amortization of intangible assets associated with the announced acquisition of Subsplash, as the valuation of acquisition-related intangible assets is incomplete. This item will be excluded from all non-GAAP results in future periods.

		Q2 2025A			Q3 2025E		FY 2025E
	Pretax	$	203		$	202	$	798
	After-tax	$	160		$	160	$	630
	Per share	$	1.48		$	1.47	$	5.81

C.	All actual and forecasted non-GAAP adjustments are taxed at 21% with the exception of the financial impacts associated with minority investments.

D.	Cash taxes paid in the quarter associated with Roper’s gain on the sale of its minority interest in Certinia.

E.	Forecasted GAAP DEPS do not include any potential impacts associated with our minority investment in Indicor, nor amortization of intangible assets associated with the announced acquisition of Subsplash, as the valuation of acquisition-related intangible assets is incomplete. These impacts will be excluded from all non-GAAP results in future periods.

Note: Numbers may not foot due to rounding.

About Roper Technologies

Roper Technologies is a constituent of the Nasdaq 100, S&P 500, and Fortune 1000. Roper has a proven, long-term track record of compounding cash flow and shareholder value. The Company operates market leading businesses that design and develop vertical software and technology enabled products for a variety of defensible niche markets. Roper utilizes a disciplined, analytical, and process-driven approach to redeploy its excess capital toward high-quality acquisitions. Additional information about Roper is available on the Company’s website at www.ropertech.com.

Contact information:
Investor Relations
941-556-2601
investor-relations@ropertech.com

The information provided in this press release contains forward-looking statements within the meaning of the federal securities laws. These forward-looking statements may include, among others, statements regarding operating results, the success of our internal operating plans, and the prospects for newly acquired businesses to be integrated and contribute to future growth, profit and cash flow expectations. Forward-looking statements may be indicated by words or phrases such as “anticipate,” “estimate,” “plans,” “expects,” “projects,” “should,” “will,” “believes,” “intends” and similar words and phrases. These statements reflect management’s current beliefs and are not guarantees of future performance. They involve risks and uncertainties that could cause actual results to differ materially from those contained in any forward-looking statement. Such risks and uncertainties include our ability to identify and complete acquisitions consistent with our business strategies, integrate acquisitions that have been completed, realize expected benefits and synergies from, and manage other risks associated with, acquired businesses, including obtaining any required regulatory approvals with respect thereto. We also face other general risks, including our ability to realize cost savings from our operating initiatives, general economic conditions and the conditions of the specific markets in which we operate, including risks related to labor shortages and rising interest rates, changes in foreign exchange rates, risks related to changing U.S. and foreign trade policies, including increased trade restrictions or tariffs, risks associated with our international operations, cybersecurity and data privacy risks, including litigation resulting therefrom, risks related to political instability, armed hostilities, incidents of terrorism, public health crises (such as the COVID-19 pandemic) or natural disasters, increased product liability and insurance costs, increased warranty exposure, future competition, changes in the supply of, or price for, parts and components, including as a result of inflation and potential supply chain constraints, environmental compliance costs and liabilities, risks and cost associated with litigation, potential write-offs of our substantial intangible assets, and risks associated with obtaining governmental approvals and maintaining regulatory compliance for new and existing products. Important risks may be discussed in current and subsequent filings with the SEC. You should not place undue reliance on any forward-looking statements. These statements speak only as of the date they are made, and we undertake no obligation to update publicly any of them in light of new information or future events.

Roper Technologies, Inc.
Condensed Consolidated Balance Sheets (unaudited)
(Amounts in millions)

	June 30, 2025			December 31, 2024
ASSETS:

Cash and cash equivalents	$	242.4		$	188.2
Accounts receivable, net		868.8			885.1
Inventories, net		132.2			120.8
Income taxes receivable		50.0			25.6
Unbilled receivables		140.0			127.3
Prepaid expenses and other current assets		220.9			195.7
Total current assets		1,654.3			1,542.7

Property, plant and equipment, net		156.5			149.7
Goodwill		20,507.6			19,312.9
Other intangible assets, net		9,627.4			9,059.6
Deferred taxes		54.6			54.1
Equity investment		739.7			772.3
Other assets		480.3			443.4
Total assets	$	33,220.4		$	31,334.7

LIABILITIES AND STOCKHOLDERS’ EQUITY:

Accounts payable	$	159.4		$	148.1
Accrued compensation		213.8			289.0
Deferred revenue		1,618.1			1,737.4
Other accrued liabilities		520.3			546.2
Income taxes payable		53.1			68.4
Current portion of long-term debt, net		999.8			1,043.1
Total current liabilities		3,564.5			3,832.2

Long-term debt, net of current portion		7,859.2			6,579.9
Deferred taxes		1,706.0			1,630.6
Other liabilities		456.8			424.4
Total liabilities		13,586.5			12,467.1

Common stock		1.1			1.1
Additional paid-in capital		3,187.1			3,014.6
Retained earnings		16,565.9			16,034.9
Accumulated other comprehensive loss		(104.1	)		(166.5	)
Treasury stock		(16.1	)		(16.5	)
Total stockholders’ equity		19,633.9			18,867.6
Total liabilities and stockholders’ equity	$	33,220.4		$	31,334.7

Roper Technologies, Inc.
Condensed Consolidated Statements of Earnings (unaudited)
(Amounts in millions, except per share data)

	Three months ended June 30,					Six months ended June 30,
		2025			2024		2025		2024
Net revenues	$	1,943.6		$	1,716.8	$	3,826.4	$	3,397.5
Cost of sales		598.2			523.5		1,187.3		1,023.2
Gross profit		1,345.4			1,193.3		2,639.1		2,374.3

Selling, general and administrative expenses		797.1			699.1		1,565.0		1,398.8
Income from operations		548.3			494.2		1,074.1		975.5

Interest expense, net		79.1			67.5		142.0		120.7
Equity investments (gain) loss, net		(16.6	)		0.8		27.8		(56.2	)
Other expense, net		0.5			0.6		1.0		1.8

Earnings before income taxes		485.3			425.3		903.3		909.2

Income taxes		107.0			88.2		193.9		190.1

Net earnings	$	378.3		$	337.1	$	709.4	$	719.1

Net earnings per share:
Basic	$	3.52		$	3.15	$	6.60	$	6.72
Diluted	$	3.49		$	3.12	$	6.55	$	6.66

Weighted average common shares outstanding:
Basic		107.6			107.1		107.5		107.0
Diluted		108.4			107.9		108.3		107.9

Roper Technologies, Inc.
Selected Segment Financial Data (unaudited)
(Amounts in millions; percentages of net revenues)

	Three months ended June 30,										Six months ended June 30,
		2025					2024					2025					2024
	Amount		%			Amount		%			Amount		%			Amount		%
Net revenues:
Application Software	$	1,094.9				$	931.8				$	2,163.1				$	1,827.0
Network Software		385.4					364.2					761.3					735.0
Technology Enabled Products		463.3					420.8					902.0					835.5
Total	$	1,943.6				$	1,716.8				$	3,826.4				$	3,397.5


Gross profit:
Application Software	$	753.3		68.8	%	$	641.1		68.8	%	$	1,474.1		68.1	%	$	1,266.8		69.3	%
Network Software		320.8		83.2	%		307.8		84.5	%		636.4		83.6	%		624.1		84.9	%
Technology Enabled Products		271.3		58.6	%		244.4		58.1	%		528.6		58.6	%		483.4		57.9	%
Total	$	1,345.4		69.2	%	$	1,193.3		69.5	%	$	2,639.1		69.0	%	$	2,374.3		69.9	%


*Operating profit:**
Application Software	$	294.6		26.9	%	$	251.1		26.9	%	$	571.4		26.4	%	$	490.7		26.9	%
Network Software		169.3		43.9	%		159.1		43.7	%		336.0		44.1	%		326.1		44.4	%
Technology Enabled Products		164.1		35.4	%		146.7		34.9	%		317.7		35.2	%		282.9		33.9	%
Total	$	628.0		32.3	%	$	556.9		32.4	%	$	1,225.1		32.0	%	$	1,099.7		32.4	%


* Segment operating profit is before unallocated corporate general and administrative expenses and enterprise-wide stock-based compensation. These expenses were $79.7 and $62.7 for the three months ended June 30, 2025 and 2024, respectively, and $151.0 and $124.2 for the six months ended June 30, 2025 and 2024, respectively.

Roper Technologies, Inc.
Condensed Consolidated Statements of Cash Flows (unaudited)
(Amounts in millions)
	Six months ended June 30,
		2025			2024
Cash flows from operating activities:
Net earnings	$	709.4		$	719.1
Adjustments to reconcile net earnings to cash flows from operating activities:
Depreciation and amortization of property, plant and equipment		19.6			18.5
Amortization of intangible assets		417.2			377.2
Amortization of deferred financing costs		5.5			4.5
Non-cash stock compensation		82.7			73.3
Equity investments (gain) loss, net		27.8			(56.2	)
Income tax provision		193.9			190.1
Changes in operating assets and liabilities, net of acquired businesses:
Accounts receivable		37.4			96.7
Unbilled receivables		(9.7	)		(17.7	)
Inventories		(9.6	)		(11.0	)
Prepaid expenses and other current assets		(22.9	)		(30.7	)
Accounts payable		7.0			4.5
Other accrued liabilities		(115.4	)		(47.3	)
Deferred revenue		(132.7	)		(122.6	)
Cash taxes paid for gain on disposal of equity investment		(30.2	)		—
Cash income taxes paid, excluding tax associated with gain on disposal of equity investment		(233.7	)		(284.3	)
Other, net		(13.5	)		1.5
Cash provided by operating activities		932.8			915.6

Cash flows from (used in) investing activities:
Acquisitions of businesses, net of cash acquired		(2,005.2	)		(1,858.3	)
Capital expenditures		(26.0	)		(15.9	)
Capitalized software expenditures		(26.8	)		(20.5	)
Distributions from equity investment		5.1			8.4
Other		1.6			(1.1	)
Cash used in investing activities		(2,051.3	)		(1,887.4	)

Cash flows from (used in) financing activities:
Borrowings under revolving line of credit, net		1,275.0			1,090.0
Cash dividends to stockholders		(177.2	)		(160.6	)
Proceeds from stock-based compensation, net		73.8			75.9
Treasury stock sales		12.5			10.3
Other, net		(43.9	)		(0.2	)
Cash provided by financing activities		1,140.2			1,015.4

Effect of exchange rate changes on cash		32.5			(6.4	)

Net increase in cash and cash equivalents		54.2			37.2

Cash and cash equivalents, beginning of period		188.2			214.3

Cash and cash equivalents, end of period	$	242.4		$	251.5

The MIL Network –

July 21, 2025

MIL-OSI: Viva Gold to Present at the Metals & Mining Virtual Investor Conference July 23, 2025

Source: GlobeNewswire (MIL-OSI)

VANCOUVER, British Columbia, July 21, 2025 (GLOBE NEWSWIRE) — Viva Gold Corp. (VAUCF: OTCQB, VAU: TSXV) (“Viva,” or the “Company”), based in Vancouver, Canada, focused on developing its 100% owned Tonopah Gold Project on the prolific Walker Lane Trend in Nevada, today announced that Jim Hesketh, President & Chief Executive Officer, will present live at the Metals & Mining Virtual Investor Conference hosted by VirtualInvestorConferences.com on July 23, 2025.

DATE: July 23
TIME: 11AM EDT
LINK: REGISTER HERE
Available for 1×1 meetings: July 23 to July 29

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.

Learn more about the event at www.virtualinvestorconferences.com.

Recent Company Highlights

The Company recently released an updated resource and economic study, confirming the economic viability of the project
Viva will now move into feasibility study level work and the expedited permitting process in Nevada
Permitted mines in this jurisdiction receive material share price re-ratings

About Viva Gold Corp:

Viva Gold is led by CEO James Hesketh, a 40-year veteran in the mining space who has led the development and construction of eight other mines around the world throughout his career. James has surrounded himself with equally experienced mining professionals both on the management team and the board.

Viva Gold trades on the TSX Venture exchange “VAU”, on the OTCQB “VAUCF” and on the Frankfurt exchange “7PB”. Viva currently has ~145.2 million shares outstanding and boasts a best-in-class management team and board with decades of gold exploration and production experience. The Company is advancing its high-grade Tonopah Gold Project in mining friendly Nevada with the support of several institutional shareholders. More information can be found on https://www.Sedar.Com and please visit our website: www.vivagoldcorp.com.

Viva is committed to developing the Tonopah Gold Project in an environmentally and socially responsible fashion. These values are aligned with management’s core values and permeate throughout our decision-making process.

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.

CONTACTS:

Viva Gold Corp.
Name: Jim Hesketh
Title: President & CEO
Phone: 720-291-1775
Email: jhesketh@vivagoldcorp.com

Virtual Investor Conferences
John M. Viglotti
SVP Corporate Services, Investor Access
OTC Markets Group
(212) 220-2221
johnv@otcmarkets.com

The MIL Network –

July 21, 2025

MIL-OSI: Viva Gold to Present at the Metals & Mining Virtual Investor Conference July 23, 2025

Source: GlobeNewswire (MIL-OSI)

VANCOUVER, British Columbia, July 21, 2025 (GLOBE NEWSWIRE) — Viva Gold Corp. (VAUCF: OTCQB, VAU: TSXV) (“Viva,” or the “Company”), based in Vancouver, Canada, focused on developing its 100% owned Tonopah Gold Project on the prolific Walker Lane Trend in Nevada, today announced that Jim Hesketh, President & Chief Executive Officer, will present live at the Metals & Mining Virtual Investor Conference hosted by VirtualInvestorConferences.com on July 23, 2025.

DATE: July 23
TIME: 11AM EDT
LINK: REGISTER HERE
Available for 1×1 meetings: July 23 to July 29

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.

Learn more about the event at www.virtualinvestorconferences.com.

Recent Company Highlights

The Company recently released an updated resource and economic study, confirming the economic viability of the project
Viva will now move into feasibility study level work and the expedited permitting process in Nevada
Permitted mines in this jurisdiction receive material share price re-ratings

About Viva Gold Corp:

Viva Gold is led by CEO James Hesketh, a 40-year veteran in the mining space who has led the development and construction of eight other mines around the world throughout his career. James has surrounded himself with equally experienced mining professionals both on the management team and the board.

Viva Gold trades on the TSX Venture exchange “VAU”, on the OTCQB “VAUCF” and on the Frankfurt exchange “7PB”. Viva currently has ~145.2 million shares outstanding and boasts a best-in-class management team and board with decades of gold exploration and production experience. The Company is advancing its high-grade Tonopah Gold Project in mining friendly Nevada with the support of several institutional shareholders. More information can be found on https://www.Sedar.Com and please visit our website: www.vivagoldcorp.com.

Viva is committed to developing the Tonopah Gold Project in an environmentally and socially responsible fashion. These values are aligned with management’s core values and permeate throughout our decision-making process.

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.

CONTACTS:

Viva Gold Corp.
Name: Jim Hesketh
Title: President & CEO
Phone: 720-291-1775
Email: jhesketh@vivagoldcorp.com

Virtual Investor Conferences
John M. Viglotti
SVP Corporate Services, Investor Access
OTC Markets Group
(212) 220-2221
johnv@otcmarkets.com

The MIL Network –

July 21, 2025

MIL-OSI: Viva Gold to Present at the Metals & Mining Virtual Investor Conference July 23, 2025

Source: GlobeNewswire (MIL-OSI)

VANCOUVER, British Columbia, July 21, 2025 (GLOBE NEWSWIRE) — Viva Gold Corp. (VAUCF: OTCQB, VAU: TSXV) (“Viva,” or the “Company”), based in Vancouver, Canada, focused on developing its 100% owned Tonopah Gold Project on the prolific Walker Lane Trend in Nevada, today announced that Jim Hesketh, President & Chief Executive Officer, will present live at the Metals & Mining Virtual Investor Conference hosted by VirtualInvestorConferences.com on July 23, 2025.

DATE: July 23
TIME: 11AM EDT
LINK: REGISTER HERE
Available for 1×1 meetings: July 23 to July 29

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.

Learn more about the event at www.virtualinvestorconferences.com.

Recent Company Highlights

The Company recently released an updated resource and economic study, confirming the economic viability of the project
Viva will now move into feasibility study level work and the expedited permitting process in Nevada
Permitted mines in this jurisdiction receive material share price re-ratings

About Viva Gold Corp:

Viva Gold is led by CEO James Hesketh, a 40-year veteran in the mining space who has led the development and construction of eight other mines around the world throughout his career. James has surrounded himself with equally experienced mining professionals both on the management team and the board.

Viva Gold trades on the TSX Venture exchange “VAU”, on the OTCQB “VAUCF” and on the Frankfurt exchange “7PB”. Viva currently has ~145.2 million shares outstanding and boasts a best-in-class management team and board with decades of gold exploration and production experience. The Company is advancing its high-grade Tonopah Gold Project in mining friendly Nevada with the support of several institutional shareholders. More information can be found on https://www.Sedar.Com and please visit our website: www.vivagoldcorp.com.

Viva is committed to developing the Tonopah Gold Project in an environmentally and socially responsible fashion. These values are aligned with management’s core values and permeate throughout our decision-making process.

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.

CONTACTS:

Viva Gold Corp.
Name: Jim Hesketh
Title: President & CEO
Phone: 720-291-1775
Email: jhesketh@vivagoldcorp.com

Virtual Investor Conferences
John M. Viglotti
SVP Corporate Services, Investor Access
OTC Markets Group
(212) 220-2221
johnv@otcmarkets.com

The MIL Network –

July 21, 2025

MIL-OSI: Beneficient Appoints Tom Hicks as Chairman and James Silk as Interim Chief Executive Officer

Source: GlobeNewswire (MIL-OSI)

DALLAS, July 21, 2025 (GLOBE NEWSWIRE) — Beneficient (NASDAQ: BENF) (“Ben” or the “Company”), a technology-enabled platform providing exit opportunities and primary capital solutions and related trust and custody services to holders of alternative assets through its proprietary online platform AltAccess, today announced the separation of the roles of Chairman of the Board of Directors (“Board”) and Chief Executive Officer with the appointment of Thomas O. Hicks as Chairman of the Board and James G. Silk as its interim Chief Executive Officer.

Mr. Hicks is a private equity pioneer with a decades-long record of success. He founded one of the early prominent private equity firms through which more than $12 billion was raised across six funds, completing more than $50 billion of leveraged acquisitions. Currently, through his family office, Mr. Hicks leads a seasoned team of private equity professionals who specialize in small and middle market transactions in specialty manufacturing, energy, food and beverage, media, and special situations. Mr. Hicks has served on the Board since 2018.

Mr. Hicks said: “I am eager to assume this leadership position and to begin working to realize the Company’s full potential. An important first step is to appoint the right Interim CEO. Mr. Silk’s belief in the Company’s core strategy and significant experience with Beneficient and in financial services makes him the right person to guide us forward as we work to regain momentum and drive shareholder value.”

“I am excited to return to Beneficient and work with the Board and leadership team to navigate this transition period in order to position the Company for long term success,” Mr. Silk said.

Mr. Silk has more than 20 years of experience in the financial services industry and previously served as Executive Vice President and Chief Legal Officer of the Company, overseeing Beneficient’s operations, underwriting, risk, and legal groups, from January 2020 until May 2024. He also served as a member of the Board of Directors from January 2020 until May 2024. Prior to joining the Company in 2020, Mr. Silk was a Partner in the Asset Management Group of international law firm, Willkie Farr & Gallagher LLP, where he worked for more than 13 years. Prior to that position, Mr. Silk was an attorney at international law firm, A&O Shearman LLP.

Throughout his career, Mr. Silk has advised clients on a wide variety of business and legal issues across the alternative assets industry. He has counseled many of the industry’s largest and most recognizable public and private asset management firms, including Goldman Sachs, Deutsche Bank, Credit Suisse, KKR, Brookfield, Bank of America, Merrill Lynch and Morgan Stanley. Mr. Silk has extensive expertise on developing alternative asset products and negotiating asset management mergers and acquisitions and other corporate transactions.

Mr. Silk graduated with a BS in Finance from the University of Virginia and earned a JD, Summa Cum Laude, from St. John’s University School of Law.

About Beneficient
Beneficient (Nasdaq: BENF) – Ben, for short – is on a mission to democratize the global alternative asset investment market by providing traditionally underserved investors − mid-to-high net worth individuals, small-to-midsized institutions and General Partners seeking exit options, anchor commitments and valued-added services for their funds− with solutions that could help them unlock the value in their alternative assets. Ben’s AltQuote^® tool provides customers with a range of potential exit options within minutes, while customers can log on to the AltAccess^® portal to explore opportunities and receive proposals in a secure online environment.

Its subsidiary, Beneficient Fiduciary Financial, L.L.C., received its charter under the State of Kansas’ Technology-Enabled Fiduciary Financial Institution (TEFFI) Act and is subject to regulatory oversight by the Office of the State Bank Commissioner.

For more information, visit www.trustben.com or follow us on LinkedIn.

Contacts
Matt Kreps: 214-597-8200, mkreps@darrowir.com
Michael Wetherington: 214-284-1199, mwetherington@darrowir.com
Investor Relations: investors@beneficient.com

Forward Looking Statements
This press release contains forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include, but are not limited to, statements regarding our executive transition period, our ability to create shareholder value and our future success . The words ”anticipate,” “believe,” ”continue,” “could,” “estimate,” “expect,” “intends,” “may,” “might,” ”plan,” “possible,” “potential,” “predict,” “project,” “should,” “would” and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements are based on our management’s beliefs, as well as assumptions made by, and information currently available to, them. Because such statements are based on expectations as to future financial and operating results and are not statements of fact, actual results may differ materially from those projected.

Important factors that could cause actual results to differ materially from those expressed in the forward-looking statements include, among others, the risks, uncertainties, and factors set forth under “Risk Factors” in the Company’s most recent Annual Report on Form 10-K and its subsequently filed Quarterly Reports on Form 10-Q and the risks and uncertainties contained in the Company’s Current Reports on Form 8-K. Forward-looking statements speak only as of the date they are made. The Company assumes no obligation to update forward-looking statements to reflect actual results, subsequent events, or circumstances or other changes affecting such statements except to the extent required by applicable law.

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, except as required by law, the Company assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise.

The MIL Network –

July 21, 2025

MIL-OSI: BTCS Inc. ETH and Cash Market Value Now $242 Million

Source: GlobeNewswire (MIL-OSI)

Agrees to issue approximately $10 Million Convertible Notes at $13 per share, a 198% premium to July 18 close

$189 million raised year-to-date through hallmark DeFi/TradFi Accretion Flywheel strategy

SILVER SPRING, MD, July 21, 2025 (GLOBE NEWSWIRE) — BTCS Inc. (Nasdaq: BTCS) (“BTCS” or the “Company”), a blockchain technology-focused company, short for Blockchain Technology Consensus Solutions, today announced that the combined market value of its 55,788 ETH holdings, cash¹, and other liquid holdings are approximately $242.2 million, based on an ETH price of $3,600. Additionally, the Company has agreed to issue $10 million in convertible notes through its previously established $56 million arrangement with ATW Partners LLC.

While the funding is extremely modest relative to the $189 million raised year-to-date, the nearly 200% conversion premium is consistent with, and further demonstrates, BTCS’s execution of its hallmark DeFi/TradFi Accretion Flywheel strategy. The Company limited this financing to $10 million as part of its strategy to maintain financial flexibility for opportunistic future leverage while maintaining its loan-to-value ratio below 40%. This approach aligns with BTCS’s commitment to maximizing ETH exposure and minimizing shareholder dilution.

DeFi/TradFi Accretion Flywheel Update
BTCS is successfully executing its DeFi/TradFi Accretion Flywheel capital formation strategy, leveraging both decentralized and traditional finance to expand its ETH holdings, capitalize on its vertically integrated operations, and enhance shareholder value. The Company has raised capital through a mix of at-the-market equity sales, above-market convertible debt, and DeFi-based borrowing, executed in alignment with its strategy to optimize ETH exposure while actively managing dilution, as detailed below.

Year-to-Date Funding Summary
ATM Sales: $132 million¹ (70%)
Above-Market Convertible Debt: $17 million (9%)
Aave Stablecoin Loans (DeFi): $40 million (21%)
Total year-to-date funding: $189 million

Total Crypto & Cash Assets: $242 million¹
ETH Holdings: 55,788 (average cost per ETH: $2,846), a 516% year-to-date increase

“We believe that BTCS is the most financially and operationally leveraged Ethereum play in public markets today,” said Charles Allen, CEO of BTCS. “Our vertically integrated block-building and node operations are generating record revenue, and when combined with solid execution of our hallmark DeFi/TradFi Accretion Flywheel, BTCS offers investors scalable, high-growth exposure to Ethereum.”

________________________________
_{¹ Inclusive of $28.4 million ATM sales at $7.9 per share pending settlement and funds from the pending closing of the $10 million convertible note.}

Above Market Convertible Note Financing
The $10 million principal amount notes are convertible into common stock at a fixed conversion price of $13 per share, representing a 198% premium over the Company’s $6.57 closing stock price on Friday, July 18, 2025. The notes have a two-year maturity, expiring on July 21, 2027, include a 5% original issue discount, and bear interest at an annual rate of 6%.

In connection with the note issuance, five-year warrants will be issued at closing to purchase 879,375 shares of common stock at an exercise price of $8 per share, representing a 122% premium to the closing price on Friday, July 18, 2025. The funding is expected to close on or before Tuesday, July 22, 2025.

Notably, the financing involves no investment banking fees or restrictive terms typically associated with using an investment bank or placement agent, which could hinder the execution of the Company’s DeFi/TradFi Accretion Flywheel strategy.

As part of the financing terms, the Company agreed that, while the notes remain outstanding, it will not amend its non-convertible Series V Preferred Shares to allow for conversion into common stock for a period of 18 months.

Capital Structure Update
To help investors accurately assess BTCS’s intrinsic value and compare it with its peers, we’re providing an updated breakdown of our capital structure. This summary provides additional information to supplement our SEC filings.

Equity Instrument	Outstanding	Fully Diluted
Common Shares	45,761,072	45,761,072
Common Shares – Subject to Forfeiture	1,149,801	1,149,801
Convertible Debt (Conversion Price = $5.85)		1,334,679
Convertible Debt (Conversion Price = $13.00)		773,078
Convert Warrants #1 (Exercise Price = $2.75, exp. 5/13/2030)		532,191
Convert Warrants #2 (Exercise Price = $8.00, exp. 7/21/2030)		879,375
RD Warrant (Exercise Price = $11.50, exp. 3/4/2026)		712,500
Employee Options (Weighted Average Exercise Price = $2.44)		1,561,410
Total	46,910,873	52,704,106

Approximately 16 million shares of Series V are now excluded from the fully diluted share count, as they are non-convertible and, under the terms of the note financing, cannot be amended to be convertible for 18 months.

In light of the restriction and given the new administration’s growing acceptance of crypto and the broader recognition that real-world assets will be tokenized, the Company may re-explore various options to create liquidity for the Series V preferred shares, including potential tokenization on Ethereum’s blockchain. However, it is still very early, and the Company can provide no guarantees or assurances that it will be able to tokenize or create liquidity for the Series V and may ultimately seek to convert the Series V to common stock when the restriction expires. As such, the Series V has been excluded from the table above.

About BTCS:
BTCS Inc. (“BTCS” or the “Company”), short for Blockchain Technology Consensus Solutions, is a U.S.-based Ethereum-first blockchain technology company committed to driving scalable revenue and ETH accumulation through its hallmark strategy, the DeFi/TradFi Accretion Flywheel, an integrated approach to capital formation and blockchain infrastructure. By combining decentralized finance (“DeFi”) and traditional finance (“TradFi”) mechanisms with its blockchain infrastructure operations, comprising NodeOps (staking) and Builder+ (block building), BTCS offers one of the most sophisticated opportunities for leveraged ETH exposure, driven by scalable revenue generation and a yield-focused ETH accumulation strategy. Discover how BTCS offers operational and financial leveraged exposure to Ethereum through the public markets at www.btcs.com.

Cautionary Note Regarding Forward-Looking Statements
Certain statements in this press release constitute “forward-looking statements” within Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 including statements regarding creating high growth exposure to Ethereum, creating liquidity for Series V, and closing of the $10 million note offering. Words such as “may,” “might,” “will,” “should,” “believe,” “expect,” “anticipate,” “estimate,” “continue,” “predict,” “forecast,” “project,” “plan,” “intend” or similar expressions, or statements regarding intent, belief, or current expectations, are forward-looking statements. While the Company believes these forward-looking statements are reasonable, undue reliance should not be placed on any such forward-looking statements, which are based on information available to us on the date of this release. These forward-looking statements are based upon assumptions and are subject to various risks and uncertainties, including without limitation market conditions, regulatory issues and requirements, unanticipated issues with our At-The-Market Offering facility, unexpected issues with Builder+, as well as risks set forth in the Company’s filings with the Securities and Exchange Commission including its Form 10-K for the year ended December 31, 2024 which was filed on March 20, 2025. Thus, actual results could be materially different. The Company expressly disclaims any obligation to update or alter statements, whether as a result of new information, future events or otherwise, except as required by law.

For more information follow us on:
Twitter: https://x.com/NasdaqBTCS
LinkedIn: https://www.linkedin.com/company/nasdaq-btcs
Facebook: https://www.facebook.com/NasdaqBTCS

Investor Relations:
Charles Allen – CEO
X (formerly Twitter): @Charles_BTCS
Email: ir@btcs.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/d2a20376-f8bd-4008-9c82-cdb4bc63b69e