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Category: Commerce

  • MIL-OSI Economics: The Art of Leisure: Slim Aarons’ Dazzling Summer Scenes Debut on Samsung Art Store”

    Source: Samsung

    Today, a dozen of Slim Aarons’ most  iconic mid-century jet-set scenes arrive on Samsung Art Store in a seasonal, summertime delivery of works from the legendary Photographer. These sunny images of exotic resort locations such as Lake Como, Marrakech, and Mabella join the two dozen works of Aarons’s already available for digital display on the Samsung Art Store.
    This latest collection of images from Aaron’s to debut on the Samsung Art Store showcases photographs from the 1960s, 70s and 80s, capturing the world’s most exclusive summer resorts and society destinations, where his timeless vision comes alive in full kaftan clad splendor. This seasonal offering, curated by Samsung Art Store, invites you into Aarons’ timeless world, where sunlit patios set the stage for photographs of the bold personalities and effortless style Aarons is known for. Featuring some of his most famous photography such as Positano Beach (1979) and Poolside Gossip (1970), each image reflects Aarons’ ability to capture high society in its most unguarded, yet dazzling, moments.

    “Slim Aarons photography is truly timeless and offers a window into an era defined by elegance and style,” says Daria Greene, Samsung Art Store’s Global Curator. “His extraordinary ability to transport viewers through space and time to the most exotic and exclusive locations of the 20th century is unmatched and accounts for his enduring popularity. As part of the Samsung Art Store catalogue, we’re now able to bring his work into millions of homes in an entirely new format for him.”
    “Bringing Slim Aarons’ work to Samsung Art Store reflects our deep commitment to shaping a more accessible future for art and for artists around the world,” said Yong Su Kim, Corporate EVP and Head of Service Business Team. “Samsung Art Store was built to reimagine how art is experienced in the home — making the world’s most celebrated works available in a way that is personal, dynamic, and beautifully integrated into daily life.”

    An Analog Icon Goes Digital
    “Expanding the Slim Aarons catalog available on the Samsung Art Store supports our mission to keep Slim’s incredible artistic legacy alive in the 21st century,” said Shawn Waldron, curator of the Slim Aarons archive for Getty Images. “Slim provided the blueprint for aspirational living by focusing on timeless elegance and environments. The Samsung Frame television is the ideal digital product to honor and display his work in ways he could never have imagined in his lifetime.”
    Slim Aarons’ famously described his photography as capturing “attractive people doing attractive things in attractive places,” a phrase that has become synonymous with his legacy. Now, with his work available on Samsung Art Store, Aarons’ timeless vision finds a new audience, offering an effortless way to transform any space. Samsung Art Store subscribers can also enjoy over 3,500 other works of art from over 800 artists with the service now available on Neo QLED 8K, Neo QLED, QLED, The Frame and The Frame Pro, which are powered by Samsung Vision AI for AI-enhanced picture and sound.
    For more information, visit www.samsung.com.

    MIL OSI Economics –

  • MIL-OSI Economics: ICC elects four new members to the Executive Board

    Source: International Chamber of Commerce

    Headline: ICC elects four new members to the Executive Board

    The new members were formally elected during the annual meeting of the ICC World Council on 19 June 2025 and will each serve a three-year term effective 19 June 2025. The diverse experience of new members will enrich ICC’s roadmap to enable peace and prosperity through trade and reflects ICC’s continued commitment to geographic representation and diversity of expertise as the world’s largest and most inclusive business organisation.

    The ICC Executive Board is responsible for developing and implementing ICC’s strategy, policy and programme of action as well as for overseeing the financial affairs of ICC. 

    ICC Chair Philippe Varin said:

    “I’m very pleased to welcome this exceptional group of global leaders who bring deep expertise and fresh perspectives to ICC. Their leadership will be vital as we continue charting a path forward in delivering real-world solutions for business in a changing global environment. My thanks also to our outgoing Board members for their contributions.”

    The new Board members are: 

    Mohammad Lootah

    Mohammad Ali Rashed Lootah is the President and CEO of Dubai Chambers, where he leads strategic initiatives to enhance Dubai’s business environment, attract foreign investment, support global business expansion, and promote the digital economy. Prior to this role, he held several key leadership positions within Dubai’s Department of Economy and Tourism, including CEO of Commercial Compliance and Consumer Protection, overseeing areas such as consumer rights, business protection, and intellectual property. He also served in senior roles at the Department of Economic Development and the Dubai Land Department. 

    Zhang Hui

    Zhang Hui is Vice Chairman, Executive Director and President of the Bank of China, roles he assumed between December 2024 and January 2025. He also serves as Vice Chairman of BOC Hong Kong (Holdings) Limited. Mr Zhang joined the Bank of China in 2024 after serving as Executive Vice President of China Development Bank from 2021 to 2024. Prior to that, he spent many years at Bank of Communications, where he held various senior roles including as Chief Risk Officer, general manager of several risk management departments, and president of regional branches including in Guizhou and Shanghai. 

    Anousheh Ansari

    Anousheh Ansari is the CEO of XPRIZE, where she leads global innovation competitions addressing some of humanity’s most pressing challenges. A tech entrepreneur and space pioneer, Ms Ansari co-founded and led Prodea Systems, an IoT company recognised among Inc. Magazine’s 500 fastest-growing firms. In 2006, she became the first female private space explorer, the first astronaut of Iranian descent, and the first Muslim woman in space. Under her leadership, XPRIZE has awarded over US$81 million and launched US$361 million in active competitions. Ms Ansari also serves in various global advisory roles, including with the World Economic Forum, GESDA and UNESCO, and is an advocate for women entrepreneurs through initiatives like The Billion Dollar Fund for Women.

    Kobkarn Wattanavrangkul

    Kobkarn Wattanavrangkul is a Thai business leader and former Minister of Tourism and Sports, known for her contributions to both public policy and corporate governance. As Thailand’s tourism minister from 2014 to 2017, Ms Wattanavrangkul championed sustainable tourism and cultural heritage. She currently serves as Chair of the Board of Directors at Kasikornbank and Toshiba Thailand, and plays an active role in advancing education, innovation and international cooperation through various institutional boards. Ms Wattanavrangkul’s career reflects a strong commitment to inclusive and sustainable development in Thailand.

    Term renewals

    Elected to serve on the ICC Executive Board for a second term during the World Council meeting were Holger Bingmann (Germany), Managing Partner, Bingmann Pflüger International GmbH, Rebecca Enonchong (Cameroon), CEO, AppsTech and Chair of Afrilabs, Marjorie Yang (Hong Kong), Chair, Esquel Group, Lama Al Sulaiman (Saudi Arabia), Shareholder and Board Member of Rolaco Holdings, KSA and LUX and Justin D’Agostino (Hong Kong), Global CEO, Herbert Smith Freehills Kramer.

    Outgoing Board members are Candace Johnson (United States/Luxemburg), Vice-Chair, NorthStar Earth and Space, Fredrik Cappelen (Sweden), Chairman and Board Member in the Swedish and Nordic industry, Valentina Mintah (Ghana), Founder West Blue Consulting, Zhang Xiaolun (China) Chair, China National Machinery Industry Corporation (SINOMACH).

    Leading chambers worldwide

    The ICC World Council also ratified the re-election of Rifat Hisarcıklıoğlu as Chair of the ICC World Chambers Federation (WCF) for a second three-year term commencing 20 June 2025. Mr Hisarcıklıoğlu is Chair of ICC Türkiye and President of the Union of Chambers and Commodity Exchanges of Türkiye (TOBB).

    MIL OSI Economics –

  • MIL-OSI Global: No country for old business owners: Economic shifts create a growing challenge for America’s aging entrepreneurs

    Source: The Conversation – USA – By Nancy Forster-Holt, Clinical Associate Professor of Innovation and Entrepreneurship, University of Rhode Island

    Americans love small businesses. We dedicate a week each year to applauding them, and spend Small Business Saturday shopping locally. Yet hiding in plain sight is an enormous challenge facing small business owners as they age: retiring with dignity and foresight. The current economic climate is making this even more difficult.

    As a professor who studies aging and business, I’ve long viewed small business owners’ retirement challenges as a looming crisis. The issue is now front and center for millions of entrepreneurs approaching retirement. Small enterprises make up more than half of all privately held U.S. companies, and for many of their owners, the business is their retirement plan.

    But while owners often hope to finance their golden years by selling their companies, only 20% of small businesses are ready for sale even in good times, according to the Exit Planning Institute. And right now, conditions are far from ideal. An economic stew of inflation, supply chain instability and high borrowing costs means that interest from potential buyers is cooling.

    For many business owners, retirement isn’t a distant concern. In the U.S., baby boomers – who are currently 61 to 79 years old – own about 2.3 million businesses. Altogether, they generate about US$5 billion in revenue and employ almost 25 million people. These entrepreneurs have spent decades building businesses that often are deeply rooted in their communities. They don’t have time to ride out economic chaos, and their optimism is at a 50-year low.

    New policies, new challenges

    You can’t blame them for being gloomy. Recent policy shifts have only made life harder for business owners nearing retirement. Trade instability, whipsawing tariff announcements and disrupted supply chains have eroded already thin margins. Some businesses – generally larger ones with more negotiating power – are absorbing extra costs rather than passing them on to shoppers. Others have no choice but to raise prices, to customers’ dismay. Inflation has further squeezed profits.

    At the same time, with a few notable exceptions, buyers and capital have grown scarce. Acquirers and liquidity have dried up across many sectors. The secondary market – a barometer of broader investor appetite – now sees more sellers than buyers. These are textbook symptoms of a “flight to safety,” a market shift that drags out sale timelines and depresses valuations – all while Main Street business owners age out. These entrepreneurs typically have one shot at retirement – if any.

    Adding to these woes, many small businesses are part of what economists call regional “clusters,” providing services to nearby universities, hospitals and local governments. When those anchor institutions face budget cuts – as is happening now – small business vendors are often the first to feel the impact.

    Research shows that many aging owners actually double down in weak economic times, sinking increasing amounts of time and money in a psychological pattern known as “escalating commitment.” The result is a troubling phenomenon scholars refer to as “benign entrapment.” Aging entrepreneurs can remain attached to their businesses not because they want to, but because they see no viable exit.

    This growing crisis isn’t about bad personal planning — it’s a systemic failure.

    Rewriting the playbook on small business policy

    A key mistake that policymakers make is to lump all small business owners together into one group. That causes them to overlook important differences. After all, a 68-year-old carpenter trying to retire doesn’t have much in common with a 28-year-old tech founder pitching a startup. Policymakers may cheer for high-growth “unicorns,” but they often overlook the “cows and horses” that keep local economies running.

    Even among older business owners, circumstances vary based on local conditions. Two retiring carpenters in different towns may face vastly different prospects based on the strength of their local economies. No business, and no business owner, exists in a vacuum.

    A small business owner in Rochester, Vt., discusses the challenges of retirement in a news segment from WCAX-TV.

    Relatedly, when small businesses fail to transition, it can have consequences for the local economy. Without a buyer, many enterprises will simply shut down. And while closures can be long-planned and thoughtful, when a business closes suddenly, it’s not just the owner who loses. Employees are left scrambling for work. Suppliers lose contracts. Communities lose essential services.

    Four ways to help aging entrepreneurs

    That’s why I think policymakers should reimagine how they support small businesses, especially owners nearing the end of their careers.

    First, small business policy should be tailored to age. A retirement-ready business shouldn’t be judged solely by its growth potential. Rather, policies should recognize stability and community value as markers of success. The U.S. Small Business Administration and regional agencies can provide resources specifically for retirement planning that starts early in a business’s life, to include how to increase the value of the business and a plan to attract acquirers in later stages.

    Second, exit infrastructure should be built into local entrepreneurial ecosystems. Entrepreneurial ecosystems are built to support business entry – think incubators and accelerators – but not for exit. In other words, just like there are accelerators for launching businesses, there should be programs to support winding them down. These could include confidential peer forums, retirement-readiness clinics, succession matchmaking platforms and flexible financing options for acquisition.

    Third, chaos isn’t good for anybody. Fluctuations in capital gains taxes, estate tax thresholds and tariffs make planning difficult and reduce business value in the eyes of potential buyers. Stability encourages confidence on both sides of a transaction.

    And finally, policymakers should include ripple-effect analysis in budget decisions. When universities, hospitals or governments cut spending, small business vendors often absorb much of the shock. Policymakers should account for these downstream impacts when shaping local and federal budgets.

    If we want to truly support small businesses and their owners, it’s important to honor the lifetime arc of entrepreneurship – not just the launch and growth, but the retirement, too.

    Nancy Forster-Holt 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.

    – ref. No country for old business owners: Economic shifts create a growing challenge for America’s aging entrepreneurs – https://theconversation.com/no-country-for-old-business-owners-economic-shifts-create-a-growing-challenge-for-americas-aging-entrepreneurs-254537

    MIL OSI – Global Reports –

  • MIL-OSI Russia: SHU and Shandong Institute of Technology and Business agreed on cooperation

    Translation. Region: Russian Federal

    Source: State University of Management – Official website of the State –

    On June 23, a delegation from Shandong Institute of Technology and Business (SIITB) visited the National University of Management to sign a cooperation agreement.

    Rector of the State University of Management Vladimir Stroev, vice-rectors Maria Karelina and Dmitry Bryukhanov and director of the Institute of Marketing Gennady Azoev introduced the guests to the history of the university and the main areas in which cooperation is possible.

    “Our university has been training management personnel for various areas of the economy for over 100 years. We have both a humanitarian and a technical component of training. In addition, many students independently study Chinese, as they see more prospects in it than in English. GUU is actively developing cooperation with the People’s Republic of China: our university has a center for social, political and economic research in China, and last year we conducted an internship for 50 graduates of the presidential program for training management personnel in China,” Vladimir Stroyev noted.

    Rector of SHITB Tao Hu spoke about the history and capabilities of his university, noting the presence of similar positions and interests:

    “Thank you for the invitation, you have a very beautiful university. We are pleased that the interaction between our countries and our universities is developing. Since 1985, the Shandong Institute has been training personnel, primarily in the field of economics. And we really value international cooperation. I am sure that we will be able to work well on joint projects.”

    The parties discussed the possibility of admitting GUU graduates to master’s programs at SHITiB: “Business Management and Entrepreneurship”, “Applied Economics”, “Computer Science”, as well as admitting SHITiB graduates to the GUU master’s program “International Marketing and Brand Management”.

    Another area of cooperation will be the exchange of teachers for teaching language and special courses and the implementation of scientific cooperation programs.

    At the end of the meeting, a ceremonial signing of a cooperation agreement on the issues outlined took place.

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

    MIL OSI Russia News –

  • MIL-OSI USA: IAM District 837 Hosts Leadership Tour of Boeing St. Louis Facilities Ahead of Vital Negotiations

    Source: US GOIAM Union

    IAM District 837 President and Directing Business Representative Tom Boelling recently led a high-level tour of Boeing’s St. Louis-area facilities, joined by IAM Resident General Vice President Jody Bennett. The tour provided an in-depth look at the critical aerospace manufacturing work being performed by IAM members across three key locations: St. Louis, St. Charles, Mo., and Mascoutah, Ill.

    “Our members take immense pride in the work they do to support our military and protect our country,” said IAM Resident General Vice President Jody Bennett. “This tour was an important reminder of what we stand for, not just as union members, but as the builders of American strength and security.”

    District 837 members play an essential role in building and producing some of the world’s most advanced military aircraft and defense systems. These include the iconic F-15 and F/A-18 fighter jets, the state-of-the-art T-7A Red Hawk advanced trainer, and the groundbreaking MQ-25 Stingray, the U.S. Navy’s first carrier-based unmanned aerial refueler.

    The visit underscored the skill, dedication, and pride of IAM members who contribute to national defense and aerospace innovation daily. It also served as an opportunity for leadership to hear directly from the workforce ahead of upcoming negotiations, ensuring that their voices remain central to the process.

    The post IAM District 837 Hosts Leadership Tour of Boeing St. Louis Facilities Ahead of Vital Negotiations appeared first on IAM Union.

    MIL OSI USA News –

  • MIL-OSI: 180 Degree Capital Corp. Sets Election of Director Special Meeting Date Pursuant to Shareholder Demand Under New York Business Law

    Source: GlobeNewswire (MIL-OSI)

    MONTCLAIR, N.J., June 23, 2025 (GLOBE NEWSWIRE) — 180 Degree Capital Corp. (NASDAQ:TURN) (“180 Degree Capital”) today provides notice to its shareholders of its intent to hold a special meeting of shareholders for the sole purpose of electing directors (“Director Election Special Meeting”) on August 18, 2025, as required under New York Business Corporation Law pursuant to the shareholder demand request submitted on June 17, 2025 (the “Demand Letter”), and in lieu of holding an annual meeting of shareholders.

    The Board of Directors of 180 Degree Capital has tentatively set a record date of July 18, 2025, for the Director Election Special Meeting. 180 Degree Capital is in the process of requesting confirmation from the shareholders who made the demand that they actually held the percentage of 180 Degree Capital’s outstanding shares required under New York law as of the date of their demand, given discrepancies between the dates of their affidavits and the date of their demand, as well as disclosures certain of those shareholders made publicly in connection with the delivery of their demand letter.

    “Given our goal of minimizing expenses and maximizing net asset value heading into our proposed merger with Mount Logan Capital Inc. (“Mount Logan”) in an all-stock transaction (the “Business Combination”), we did not originally plan to incur the expense of holding an annual meeting of shareholders ahead of the upcoming special meeting for shareholders to approve the Business Combination (the “Business Combination Special Meeting”),” said Kevin M. Rendino, Chief Executive Officer of 180 Degree Capital. “We continue to encourage constructive conversations with all shareholders, whether large or small holders of our stock. We can be reached anytime at our contact information included in our press releases. In an effort to not have 180 Degree Capital shareholders bear the cost of multiple proxy solicitations, we proactively reached out to the shareholder who issued this demand last week, and we look forward to the opportunity to engage with them in a constructive dialog at their convenience. We would note that their last direct outreach to speak with 180 Degree Capital’s management prior to sending the Demand Letter was in July 2024.”

    Mr. Rendino continued, “We truly appreciate the strong support for the Business Combination that we have received from an overwhelming number of our current shareholders and new ones who have built positions in 180 Degree Capital since the announcement of the proposed Business Combination. These supportive shareholders see what we do in the potential Business Combination – ownership in the robust balance sheet of Mount Logan and access to its extensive credit capabilities allow our merged company to provide comprehensive solutions across the capital structure for the vast universe of small cap companies we evaluate and invest in and provide what we believe is a unique opportunity to build substantial value for our shareholders. These opportunities exist because as constructive activists, we have always sought to work with boards and management teams to unlock value for shareholders. We proactively call our investee management teams and boards to propose and discuss solutions with complete transparency to drive outcomes that we believe can benefit all stakeholders of our investee companies, including, but not limited to, 180 Degree Capital. As such, this is why we believe we have never had to run competitive proxies, and rather have been either invited to join boards, have highly qualified candidates we introduce be appointed to boards, or been provided opportunities to lead and/or participate in capital structure solutions that are not widely marketed to drive material value creation and long-term partnerships. Further, we believe the Business Combination makes our net asset value per share (“NAV”) a floor for potential future value creation for our common shares rather than the ceiling our current structure imparts to our stock price based on NAV. We are thrilled at the potential opportunity for our shareholders to own a valuable and profitable company with great growth potential.”

    “In terms of progress toward completing our proposed Business Combination, we believe we are making material progress through the SEC review process that is required for us and any public company to complete prior to holding the Business Combination Special Meeting,” added Daniel B. Wolfe, President of 180 Degree Capital Corp. “We believe our amended preliminary joint proxy statement/prospectus filed on June 12, 2025, addressed the comments received from the SEC to date, and we look forward to addressing any other comments/questions in subsequent amended filings. We are laser focused on driving our proposed Business Combination to a close that we believe will unlock future value creation for all of 180 Degree Capital’s shareholders.”

    About 180 Degree Capital Corp.

    180 Degree Capital Corp. is a publicly traded registered closed-end fund focused on investing in and providing value-added assistance through constructive activism to what we believe are substantially undervalued small, publicly traded companies that have potential for significant turnarounds. Our goal is that the result of our constructive activism leads to a reversal in direction for the share price of these investee companies, i.e., a 180-degree turn. Detailed information about 180 Degree Capital and its holdings can be found on its website at www.180degreecapital.com.

    Press Contact:
    Daniel B. Wolfe
    Robert E. Bigelow
    180 Degree Capital Corp.
    973-746-4500
    ir@180degreecapital.com

    Additional Information and Where to Find It

    In connection with the Director Election Special Meeting, 180 Degree Capital intends to file with the SEC a proxy statement on Schedule 14A (the “Director Election Proxy Statement”), containing a form of WHITE proxy card, with respect to its solicitation of proxies for the Director Election Special Meeting. INVESTORS AND SECURITY HOLDERS ARE URGED TO READ THE DIRECTOR ELECTION PROXY STATEMENT (INCLUDING ANY AMENDMENTS OR SUPPLEMENTS THERETO) FILED BY THE COMPANY AND ANY OTHER RELEVANT DOCUMENTS FILED WITH THE SEC WHEN THEY BECOME AVAILABLE CAREFULLY AND IN THEIR ENTIRETY BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT ANY SOLICITATION. Investors and security holders may obtain copies of these documents and other documents filed with the SEC by the Company free of charge through the website maintained by the SEC at https://www.sec.gov. Copies of the documents filed by the Company are also available free of charge by accessing the Company’s investor relations website at https://ir.180degreecapital.com.

    In connection with the agreement and plan of merger among 180 Degree Capital, Mount Logan Capital Inc. (“Mount Logan”), Yukon New Parent, Inc. (“New Mount Logan”), Polar Merger Sub, Inc., and Moose Merger Sub, LLC, dated January 16, 2025, as it may from time to time be amended, modified or supplemented (the “Merger Agreement”) that details the proposed combination of the businesses of 180 Degree Capital and Mount Logan and any other transactions contemplated by and pursuant to the terms of the Merger Agreement (the “Business Combination”), 180 Degree Capital intends to file with the SEC and mail to its shareholders a proxy statement on Schedule 14A (the “Business Combination Proxy Statement”), containing a form of WHITE proxy card. In addition, the surviving Delaware corporation, New Mount Logan plans to file with the SEC a registration statement on Form S-4 (the “Registration Statement”) that will register the exchange of New Mount Logan shares in the Business Combination and include the Proxy Statement and a prospectus of New Mount Logan (the “Prospectus”). The Business Combination Proxy Statement and the Registration Statement (including the Prospectus) will each contain important information about 180 Degree Capital, Mount Logan, New Mount Logan, the Business Combination and related matters. SHAREHOLDERS OF 180 DEGREE CAPITAL AND MOUNT LOGAN ARE URGED TO READ THE BUSINESS COMBINATION PROXY STATEMENT AND PROSPECTUS CONTAINED IN THE REGISTRATION STATEMENT AND OTHER DOCUMENTS THAT ARE FILED OR WILL BE FILED WITH THE APPLICABLE SECURITIES REGULATORY AUTHORITIES AS WELL AS ANY AMENDMENTS OR SUPPLEMENTS TO THESE DOCUMENTS CAREFULLY AND IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT 180 DEGREE CAPITAL, MOUNT LOGAN, NEW MOUNT LOGAN, THE BUSINESS COMBINATION AND RELATED MATTERS. Investors and security holders may obtain copies of these documents and other documents filed with the applicable securities regulatory authorities free of charge through the website maintained by the SEC at https://www.sec.gov and the website maintained by the Canadian securities regulators at www.sedarplus.ca. Copies of the documents filed by 180 Degree Capital are also available free of charge by accessing 180 Degree Capital’s investor relations website at https://ir.180degreecapital.com.

    Certain Information Concerning the Participants

    180 Degree Capital, its directors and executive officers and other members of management and employees may be deemed to be participants in the solicitation of proxies in connection with the Business Combination and the Director Election Special Meeting. Information about 180 Degree Capital’s executive officers and directors is available in 180 Degree Capital’s Annual Report filed on Form N-CSR for the year ended December 31, 2024, which was filed with the SEC on February 13, 2025, and in its proxy statement for the 2024 Annual Meeting of Shareholders (“2024 Annual Meeting”), which was filed with the SEC on March 1, 2024. To the extent holdings by the directors and executive officers of 180 Degree Capital securities reported in the proxy statement for the 2024 Annual Meeting have changed, such changes have been or will be reflected on Statements of Change in Ownership on Forms 3, 4 or 5 filed with the SEC. These documents are or will be available free of charge at the SEC’s website at https://www.sec.gov. Additional information regarding the persons who may, under the rules of the SEC, be considered participants in the solicitation of the 180 Degree Capital shareholders in connection with the Business Combination and the Director Election Special Meeting will be contained in the Business Combination Proxy Statement and the Director Election Proxy Statement, respectively, when each such document becomes available.

    Mount Logan, its directors and executive officers and other members of management and employees may be deemed to be participants in the solicitation of proxies from the shareholders of Mount Logan in favor of the approval of the Business Combination. Information about Mount Logan’s executive officers and directors is available in Mount Logan’s annual information form dated March 13, 2025, available on its website at https://mountlogancapital.ca/investor-relations and on SEDAR+ at https://www.sedarplus.com. To the extent holdings by the directors and executive officers of Mount Logan securities reported in Mount Logan’s annual information form have changed, such changes have been or will be reflected on insider reports filed on SEDI at https://www.sedi.com/sedi/. Additional information regarding the persons who may, under the rules of the SEC, be considered participants in the solicitation of the Mount Logan shareholders in connection with the Business Combination will be contained in the Prospectus included in the Registration Statement when such document becomes available.

    Non-Solicitation

    This letter and the materials accompanying it are not intended to be, and shall not constitute, an offer to buy or sell or the solicitation of an offer to buy or sell any securities, or a solicitation of any vote or approval, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offering of securities shall be made, except by means of a prospectus meeting the requirements of Section 10 of the U.S. Securities Act of 1933, as amended.

    Forward-Looking Statements

    This press release, and oral statements made from time to time by representatives of 180 Degree Capital and Mount Logan, may contain statements of a forward-looking nature relating to future events within the meaning of federal securities laws. Forward-looking statements may be identified by words such as “anticipates,” “believes,” “could,” “continue,” “estimate,” “expects,” “intends,” “will,” “should,” “may,” “plan,” “predict,” “project,” “would,” “forecasts,” “seeks,” “future,” “proposes,” “target,” “goal,” “objective,” “outlook” and variations of these words or similar expressions (or the negative versions of such words or expressions). Forward-looking statements are not statements of historical fact and reflect Mount Logan’s and 180 Degree Capital’s current views about future events. Such forward-looking statements include, without limitation, statements about the benefits of the Business Combination involving Mount Logan and 180 Degree Capital, including future financial and operating results, Mount Logan’s and 180 Degree Capital’s plans, objectives, expectations and intentions, the expected timing and likelihood of completion of the Business Combination, and other statements that are not historical facts, including but not limited to future results of operations, projected cash flow and liquidity, business strategy, payment of dividends to shareholders of New Mount Logan, and other plans and objectives for future operations. No assurances can be given that the forward-looking statements contained in this press release will occur as projected, and actual results may differ materially from those projected. Forward-looking statements are based on current expectations, estimates and assumptions that involve a number of risks and uncertainties that could cause actual results to differ materially from those projected. These risks and uncertainties include, without limitation, the ability to obtain the requisite Mount Logan and 180 Degree Capital shareholder approvals; the risk that Mount Logan or 180 Degree Capital may be unable to obtain governmental and regulatory approvals required for the Business Combination (and the risk that such approvals may result in the imposition of conditions that could adversely affect New Mount Logan or the expected benefits of the Business Combination); the risk that an event, change or other circumstance could give rise to the termination of the Business Combination; the risk that a condition to closing of the Business Combination may not be satisfied; the risk of delays in completing the Business Combination; the risk that the businesses will not be integrated successfully; the risk that synergies from the Business Combination may not be fully realized or may take longer to realize than expected; the risk that any announcement relating to the Business Combination could have adverse effects on the market price of Mount Logan’s common shares or 180 Degree Capital’s common shares; unexpected costs resulting from the Business Combination; the possibility that competing offers or acquisition proposals will be made; the risk of litigation related to the Business Combination; the risk that the credit ratings of New Mount Logan or its subsidiaries may be different from what the companies expect; the diversion of management time from ongoing business operations and opportunities as a result of the Business Combination; the risk of adverse reactions or changes to business or employee relationships, including those resulting from the announcement or completion of the Business Combination; competition, government regulation or other actions; the ability of management to execute its plans to meet its goals; risks associated with the evolving legal, regulatory and tax regimes; changes in economic, financial, political and regulatory conditions; natural and man-made disasters; civil unrest, pandemics, and conditions that may result from legislative, regulatory, trade and policy changes; and other risks inherent in Mount Logan’s and 180 Degree Capital’s businesses. Forward-looking statements are based on the estimates and opinions of management at the time the statements are made. Readers should carefully review the statements set forth in the reports, which 180 Degree Capital has filed or will file from time to time with the SEC and Mount Logan has filed or will file from time to time on SEDAR+.

    Neither Mount Logan nor 180 Degree Capital undertakes any obligation, and expressly disclaims any obligation, to publicly update any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by law. Any discussion of past performance is not an indication of future results. Investing in financial markets involves a substantial degree of risk. Investors must be able to withstand a total loss of their investment. The information herein is believed to be reliable and has been obtained from sources believed to be reliable, but no representation or warranty is made, expressed or implied, with respect to the fairness, correctness, accuracy, reasonableness or completeness of the information and opinions. The references and link to the website www.180degreecapital.com and mountlogancapital.ca have been provided as a convenience, and the information contained on such websites are not incorporated by reference into this press release. Neither 180 Degree Capital nor Mount Logan is responsible for the contents of third-party websites.

    The MIL Network –

  • MIL-OSI Africa: Spaza Shop Awareness Campaign benefits business owners 

    Source: South Africa News Agency

    Government’s Spaza Shop Support Awareness Campaign is providing much-needed clarity while also encouraging business owners to do things by the book.

    “Before today, I didn’t know where to start or which documents were truly necessary. This workshop answered questions I’ve had for years. Now, I understand what compliance actually means and how to meet those expectations,” spaza shop owner Matshidiso Mooki said.

    Mooki was among those who attended the session held at the City Hall in the Vereeniging Central Business District in Gauteng on Friday.

    She said the campaign brought clarity.

    “I am determined to ensure that I comply with all the regulations so that I can qualify for support through the Spaza Shop Support Fund,” she said of the session.

    The campaign offered spaza shop owners and township-based convenience store operators critical information on how to apply for both financial and non-financial support under the R500-million fund that was launched by Trade, Industry and Competition Minister Parks Tau and Small Business Development Minister Stella Ndabeni Abrahams in April.

    For Matome Tshabalala, the information received at the session was a game changer. He started his shop after the COVID-19 lockdown.

    “I’ve always operated informally, but now I want to do things the right way. What stood out for me was the emphasis on record-keeping and understanding zoning laws. I also appreciated the introduction to stock management and bookkeeping,” he said.

    The campaign, which aims to formalise and support township-based enterprises, brought together local spaza shop owners, government officials and business development stakeholders.

    READ | Government’s Spaza Shop campaign goes to Sedibeng

    Compliance 

    Participants at the session heard about the importance of compliance requirements for spaza shop permit applications. 

    Matshepo Madumbo, the Assistant Manager of Local Economic Development and Tourism at Emfuleni Local Municipality, emphasised the importance of adhering to municipal regulations when applying for permits.

    “Many residential areas are not zoned for commercial activity. For a spaza shop to operate legally, the property owner must apply for a rezoning certificate. Without that, the business cannot be recognised as compliant.

    “I cannot stress the importance of submitting a stamped building plan, an occupancy certificate, certified identity document, a proof of address no older than three months, and registration documents from the Companies and Intellectual Property Commission (CIPC) along with a valid tax clearance certificate,” she said. 

    Madumbo noted that failure to comply with these requirements often leads to unnecessary delays and missed opportunities for funding and supplier networks.

    “The Spaza Shop Support Campaign continues to rollout across provinces, ensuring that township entrepreneurs are not only included in the broader economic framework but are also equipped to thrive within it. 

    “By focusing on compliance, formalisation, and access to resources, the campaign is helping to level the playing field for small business owners in underserved communities,” said the  Department of Trade, Industry and Competition and the Department of Small Business Development.  – SAnews.gov.za

    MIL OSI Africa –

  • MIL-OSI: High Arctic Overseas Announces Executive Appointment

    Source: GlobeNewswire (MIL-OSI)

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

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

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

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

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

    About High Arctic ‎Overseas Holdings Corp.

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

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

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

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

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

    The MIL Network –

  • MIL-OSI United Kingdom: UK Trade Envoy visits Pakistan to boost trade

    Source: United Kingdom – Government Statements

    World news story

    UK Trade Envoy visits Pakistan to boost trade

    The UK Trade Envoy to Pakistan, Mohammad Yasin MP, has begun a 3-day visit to Karachi and Islamabad to encourage investment and long-term economic co-operation.

    The visit follows the UK’s launch of its Growth Mission and Modern Industrial Strategy. Invest 2035 sets out a ten-year plan to provide certainty and stability for businesses in high growth sectors such as clean energy, digital technologies, life sciences and advanced manufacturing.

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

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

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

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

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

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

    Updates to this page

    Published 23 June 2025

    MIL OSI United Kingdom –

  • MIL-OSI: Oportun Issues Letter to Stockholders Detailing CEO Raul Vazquez’s Record of Proven Leadership

    Source: GlobeNewswire (MIL-OSI)

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

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

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

    The full text of the letter to stockholders follows:

    Dear Fellow Stockholders,

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

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

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

    Mr. Vazquez Has a Track Record of Effective Leadership

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

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

    Mr. Vazquez Has Driven Oportun’s Growth and Transformation

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

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

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

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

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

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

    Under Mr. Vazquez’s leadership, Oportun has received national recognition by leading publications for its innovation and impact:

    • Oportun has consistently been recognized as a top workplace, including by the San Francisco Chronicle for the past seven years and by regional and national publications for the past ten years;
    • Fast Company named Oportun one of the World’s Most Innovative Companies and a Top Ten Most Innovative Company in 2020;
    • TIME magazine included Oportun on its list of “50 Businesses Inventing the Future” in 2018;
    • Mr. Vazquez was honored as the EY Entrepreneur of The Year® 2018 National Award winner in the Financial Services category.

    In 2013, Mr. Vazquez joined the Board of Directors of Staples, Inc., and in 2016 he was appointed to the Board of Directors of Intuit, a global financial technology company with a market capitalization of more than $200 billion. The Chairs of both public companies have praised Mr. Vazquez for his leadership experience, strategic vision, and deep understanding of the consumer:

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

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

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

    Staples
    Ron Sargent, Former Chairman CEO
    April 4, 2013

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

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

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

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

    We Ask for Your Support

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

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

    Sincerely,
    The Oportun Financial Corporation Board of Directors

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

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

    About Oportun

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

    Cautionary Statement on Forward-Looking Statements

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

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

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

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

    ______________________
    1 Source: Bloomberg

    The MIL Network –

  • MIL-OSI: Anthony Pompliano Strikes $1 Billion Merger to Create ProCap Financial; Raises Over $750M in Largest Initial Fundraise in History for Public Bitcoin Treasury Company

    Source: GlobeNewswire (MIL-OSI)

    • ProCap Financial to strategically acquire bitcoin and generate revenue and profits from its bitcoin holdings
    • Equity investors have immediate exposure to bitcoin based on structure of financing transactions
    • Columbus Circle Capital Corp. I (NASDAQ: CCCM) to take ProCap Financial public

    New York, NY, June 23, 2025 (GLOBE NEWSWIRE) — American investor and entrepreneur Anthony Pompliano today announced that ProCap BTC, LLC, a bitcoin-native financial services firm, has entered into a definitive agreement for a business combination with Columbus Circle Capital Corp. I (NASDAQ: CCCM), a SPAC sponsored by a controlled subsidiary of Cohen & Company, Inc.

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

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

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

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

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

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

    Terms of the Proposed Business Combination and Financing Transactions

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

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

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

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

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

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

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

    Advisors

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

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

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

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

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

    About ProCap BTC, LLC and ProCap Financial, Inc.

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

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

    About Cohen & Company

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

    About Clear Street

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

    Additional Information and Where to Find It

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

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

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

    Participants in Solicitation

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

    No Offer or Solicitation

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

    Forward-Looking Statements

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

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

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

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

    Media Contacts

    Ebony Lewkovitz
    ebony@edencommunications.com 

    Larissa Bundziak
    larissa@edencommunications.com 

    IR@ColumbusCircleCap.com

    The MIL Network –

  • MIL-OSI: Anthony Pompliano Strikes $1 Billion Merger to Create ProCap Financial; Raises Over $750M in Largest Initial Fundraise in History for Public Bitcoin Treasury Company

    Source: GlobeNewswire (MIL-OSI)

    • ProCap Financial to strategically acquire bitcoin and generate revenue and profits from its bitcoin holdings
    • Equity investors have immediate exposure to bitcoin based on structure of financing transactions
    • Columbus Circle Capital Corp. I (NASDAQ: CCCM) to take ProCap Financial public

    New York, NY, June 23, 2025 (GLOBE NEWSWIRE) — American investor and entrepreneur Anthony Pompliano today announced that ProCap BTC, LLC, a bitcoin-native financial services firm, has entered into a definitive agreement for a business combination with Columbus Circle Capital Corp. I (NASDAQ: CCCM), a SPAC sponsored by a controlled subsidiary of Cohen & Company, Inc.

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

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

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

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

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

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

    Terms of the Proposed Business Combination and Financing Transactions

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

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

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

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

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

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

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

    Advisors

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

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

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

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

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

    About ProCap BTC, LLC and ProCap Financial, Inc.

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

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

    About Cohen & Company

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

    About Clear Street

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

    Additional Information and Where to Find It

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

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

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

    Participants in Solicitation

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

    No Offer or Solicitation

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

    Forward-Looking Statements

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

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

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

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

    Media Contacts

    Ebony Lewkovitz
    ebony@edencommunications.com 

    Larissa Bundziak
    larissa@edencommunications.com 

    IR@ColumbusCircleCap.com

    The MIL Network –

  • MIL-OSI United Kingdom: Clean energy future to be ‘built in Britain’

    Source: United Kingdom – Executive Government & Departments

    Press release

    Clean energy future to be ‘built in Britain’

    Government publishes its Clean Energy Industries Sector Plan to ensure the clean energy revolution is built in Britain.

    • Government publishes landmark plan to capture the immense jobs and growth opportunities of the clean energy economy
    • Plan will double down on Britain’s strengths as a coastal nation and scientific superpower, bringing jobs to industrial heartlands and coastal communities through Plan for Change
    • Further £700 million for Great British Energy to invest in clean energy supply chains and ensure the clean energy revolution is built in Britain

    Communities across Britain will benefit from good jobs and investment in the clean energy economy, as the government today (Monday 23 June) publishes its Clean Energy Industries Sector Plan to ‘build it in Britain’.

    Clean energy is the economic opportunity of the twenty-first century, and thanks to the government’s clean energy mission, investment is booming in the UK, with over £40 billion of private investment in clean energy announced since July.

    This landmark plan, developed with industry, trade unions, and workers across all regions of the country, sets the UK on a path to unleash the tidal wave of jobs and investment that clean energy can bring, with the government targeting at least a doubling of current investment levels across our frontier Clean Energy Industries to over £30 billion per year by 2035.

    It comes after the Spending Review confirmed the biggest programme of investment in homegrown energy in UK history – from launching a golden age of nuclear with funding to build Sizewell C nuclear power station on the Suffolk coast and small modular reactors, to £9.4 billion for carbon capture industries.

    Energy Secretary Ed Miliband said:

    This government is doubling down on Britain’s clean power strengths as we build this new era of clean energy abundance, helping deliver good jobs, energy security and lower household bills.

    The UK’s pitch is clear – build it in Britain. Power the world.

    Great British Energy Chief Executive Dan McGrail said:

    Great British Energy will help the UK win the global race for clean energy jobs and growth by investing in homegrown supply chains and ensuring key infrastructure parts are made here in Britain.

    We are working closely with businesses across the clean energy sector to invest in areas of strategic need and will get funding out as fast as possible to get new projects off the ground.

    As part of this plan, Great British Energy will have an additional £700 million to help build manufacturing facilities here at home for key components for the clean power revolution like floating offshore platforms, electric cables, and cutting-edge hydrogen infrastructure. This builds on Great British Energy’s initial £300 million for offshore wind supply chains, which the Energy Secretary confirmed last week has already catalysed a further £700 million from industry and The Crown Estate. With today’s additional funding, this brings total public and private funding in clean energy supply chains to £1.7 billion. This investment will unlock thousands of jobs, kickstarting growth in coastal communities and industrial towns, and secure a cleaner, more independent energy future for Britain.

    Lucy Yu, CEO and founder of the Centre for Net Zero, has also been announced as the government’s Clean Energy AI Champion – helping to drive the adoption of AI across the UK’s clean energy sector and accelerate the net zero transition.

    The Clean Industry Bonus – the financial reward scheme for offshore wind developers to invest in homegrown, cleaner supply chains – could also be expanded to more sectors, such as hydrogen and onshore wind. This will ensure clean energy investment is directed to regions that need it most, including traditional oil and gas communities, ex-industrial areas and coastal communities.

    The Industrial Strategy sets out how Britain’s strengths make it the natural home for clean power industries: as a coastal nation, a scientific and innovation superpower, with strengths in high-value manufacturing and a skilled energy workforce to match.

    Read the Clean Energy Industries Sector Plan.

    Stakeholders

    Martin Pibworth, Chief Executive designate at SSE plc, said:

    The government’s industrial strategy is a welcome signal of long-term thinking and ambition – doubling down on homegrown energy is the right thing for security, resilience and affordability, making the most of the UK’s competitive geographical and technical advantages in renewables in particular.

    It’s exactly the kind of commitment that gives industry the confidence to deliver at pace and scale, and with important decisions on energy policy expected in the weeks ahead, we hope to see a continued focus on unlocking investment that drives growth.

    As the UK’s clean energy champion, SSE is investing £17.5 billion over 5 years to 2027 – building the infrastructure, creating high-quality jobs, supporting the supply chain and driving the innovation needed to deliver a net zero economy.

    Jon Butterworth, CEO of National Gas, said:

    The Industrial Strategy makes clear the scale of economic opportunity within the clean energy sector. As an essential enabler for all growth sectors, we warmly welcome the Clean Energy Industries Sector Plan which will position Britain as a world leader in technologies like hydrogen and carbon capture.

    As Britain’s national gas network, we believe technologies like hydrogen and carbon capture will attract major investment, creating highly-skilled jobs across the country, as well as decarbonising our existing industries and bolstering energy security.

    We welcome the recent commitments and recognition shown by the government on the role of green gases and Britain’s national gas network and look forward to working in partnership to deliver the clean energy economy of the future.

    Steve Foxley, Chief Executive of the Offshore Renewable Energy Catapult, said:

    Wind energy is not only a critical enabler of Net Zero as the foundation of our future clean energy system but also a once-in-a-generation industrial growth opportunity. Through clear pathways from research and development to commercialisation and deployment, the UK’s Modern Industrial Strategy will capitalise on our long history of innovation to not only attract critical manufacturing investment, creating thousands of highly skilled jobs the length and breadth of the country, but also ensure our energy security in an otherwise increasingly uncertain world.

    Chris Norbury, Chief Executive of E.ON UK

    We welcome the government’s bold ambition to put clean energy at the centre of the UK’s industrial strategy. This is a once-in-a-generation opportunity to grow the economy, strengthen energy security and create skilled, secure jobs across the country.

    Our £2 billion UK investment plan is already driving forward decarbonisation, digitalisation and green skills, including through our Net Zero Academy and over 1,300 apprenticeships since 2018.

    This strategy is a chance to accelerate that progress with the right clarity, long-term investment signals and genuine partnership between government, cities and industry. If we get this right, Britain can lead the world in clean energy and deliver real meaningful benefits to every household and business.

    Paul Nowak, General Secretary of the Trades Union Congress (TUC) said:

    We welcome the government’s Clean Energy Sector Plan and its clear commitment to creating high-quality, secure jobs – not just any jobs.

    The explicit pledge to a new generation of good industrial jobs will strike a chord with workers from Teesside to Merseyside, many of whom felt left abandoned by the last government’s failure to act.

    We strongly support the launch of the UK’s first-ever Clean Energy Workforce Strategy – a vital recognition that workers are central to both our economy and the clean energy transition.

    By prioritising sectors like nuclear fusion, nuclear fission, and offshore wind, the government is showing a serious commitment to a balanced, resilient energy mix.

    The TUC backs the ambition to ‘Build it in Britain. Power the World’ and stands ready to help make it a reality.

    Charlotte Brumpton-Childs, National Officer at GMB:

    This strategy is a welcome shift, recognising that Britain’s clean energy future must be built here, by skilled workers in secure, union jobs. For too long, energy policy has meant offshoring opportunity and hollowing out industry.

    If delivered properly, this plan could help turn that tide. GMB will work to make sure these promises translate into real investment, real jobs, and a just transition that puts working people at the heart of our industrial future.

    Sue Ferns, Senior Deputy General Secretary at Prospect union said:

    Boosting clean energy is not only an important mission in its own right, it is central to the success of every other sector. It is welcome to see the government doubling down on this mission, focusing investment on key technologies like renewables and nuclear energy, and recognising the key role that trade unions play as partners in this strategy.

    Securing the investment is important, but perhaps the biggest challenge in this area is around the workforce. The energy workforce is undergoing an unprecedented transition, which creates opportunities for many but also serious challenges that need to be addressed.

    Delivering on this strategy in a way which creates prosperity and supports jobs will require the government’s forthcoming energy workforce plan to be as ambitious as possible and fully backed by all parts of government.

    David Hall, VP, Power Systems, Schneider Electric, said:

    The Clean Energy Industries Sector Plan will help to provide much needed certainty for businesses and investors. We welcome the recognition of electricity networks as a ‘foundational sector’ and look forward to working with the Government to develop an electricity networks growth plan.

    We also welcome the commitment to phasing out SF6 gas – a potent greenhouse gas – from switchgear. Regulatory certainty on this issue is key for manufacturers like Schneider Electric who are committed to invest in our domestic capabilities and support the decarbonisation of the grid.

    Schneider Electric is a key supplier of the electrical infrastructure powering the UK’s electricity networks. Over the past two years we have invested almost £50 million to further boost the UK’s domestic supply chain, including investing £42 million to build a brand new factory in Scarborough, North Yorkshire.

    Vattenfall’s UK Country Manager, Claus Wattendrup, said:

    The government is right to back clean energy as a growth engine for UK jobs and skills. Offshore wind already supports over 50,000 UK jobs and is scaling up fast through initiatives like the Offshore Wind Industrial Growth Plan, and we now await the government’s Onshore Wind strategy to help unlock even more investment, jobs, and energy security.

    We must avoid own-goals along the way, however: the benefits of district heating must not be overlooked, whereas zonal pricing in Great Britain risks future investments without cutting bills.

    Dhara Vyas, CEO of Energy UK, said:

    Energy UK welcomes the government’s new Industrial Strategy and Clean Energy Industries sector plan, which rightly recognise the pivotal role energy will play across the whole economy, powering growth through digitalisation and electrification, boosting regional prosperity and delivering economic security and resilience.

    Stable, affordable energy prices will help ensure that the UK remains a competitive place to do business, and in an increasingly uncertain global operating environment, clean power will deliver energy security. Focussing on priority technologies where the UK has global expertise will deliver a strong competitive advantage for our businesses and economy.

    We know the investment necessary to decarbonise the economy will mostly be funded by the private sector. Clarity on government policy, removal of the barriers to investment and targeted support are all essential to meet this ambition.

    Jane Cooper, Deputy CEO of RenewableUK, said:

    Today’s industrial strategy identifies clean energy as one of the sectors with the highest growth opportunity, and we are going to see tens of billions of pounds of new investment in wind energy, grid and hydrogen in the coming years. With that new infrastructure comes a golden opportunity to secure new jobs, manufacturing, innovation and exports, in the growing industrial clusters across the UK, in areas like the Humber, Scotland, South Wales, the South West and Teesside.

    There are already nearly 2,000 companies in the UK who have benefitted from contracts to deliver work in the wind energy sector. Collectively, wind energy currently employs 55,000 people, a figure which has risen by a quarter from two years ago. By keeping a laser focus, as this Industrial Strategy does, on unlocking investment, remaining competitive, and supporting UK companies to innovate and grow, the offshore wind supply chain alone could boost the UK economy by £25 billion over the next decade.

    The opportunity and vision is there, now government needs to ensure they deliver on the critical aspects of this industrial strategy. Most notably for renewables, that means ensuring the next two contract for difference allocation round are as successful as possible, clearing large volumes of projects in a stable market framework to reduce costs. This is essential if we want to attract investment in the UK’s supply chain, skills and capabilities.

    Claire Mack OBE, Chief Executive of Scottish Renewables, said:

    Placing clean energy at the heart of the new industrial strategy is a vote of confidence in the enormous economic growth potential of Scotland’s renewable energy industry and supply chain. The scale of opportunity is clear with sectors like offshore wind expected to generate £35 billion for the economy, helping to deliver good jobs and energy security.

    Scottish Renewables has been urging the UK government to be bold in removing barriers to investment and we’re pleased to see the ambition outlined in this strategy, including measures to build a grid fit for the future, drive competitive supply chains and grow exports.

    In the years ahead, success will be seen in the delivery of new clean energy infrastructure, thriving supply chains and skilled jobs across Scotland. Our industry stands ready to continue meeting that challenge head on.

    Olivia Powis, CEO of the Carbon Capture and Storage Association (CCSA), said:

    We are delighted to see the Government’s continued commitment to Carbon Capture, Utilisation & Storage (CCUS), including Greenhouse Gas Removals (GGRs), as a frontier industry. This rightly positions CCUS and GGRs as a core pillar in delivering on three vital national objectives: reaching net zero, driving regional growth, and strengthening economic security.

    The UK’s CCUS industry stands ready to deliver and is pleased to see government’s prioritisation of cross-border CO₂ transport and storage networks in the North Sea, recognising the significant economic benefits for both UK and EU CCUS projects. This builds on the positive momentum from the recent UK-EU Summit – alongside the support confirmed in the Spending Review.

    Following these government commitments, a clear timetable for deployment is essential to secure investment, as well as investment in scaling up supply chains and growing the workforce needed to deliver at pace. With continued partnership between government and industry, CCUS can anchor a new era of sustainable industrial growth – one that revitalises communities, boosts energy resilience and ensures the UK leads in tackling climate change.

    Charlotte Lee, Chief Executive of the Heat Pump Association said:

    It is great to see heat pumps, and by association heating systems, being listed as a frontier industry within the plan and identified as one of six areas with the highest growth potential.

    With a new Heat Pump Investment Accelerator Competition confirmed, £13.2 billion recently announced for the Warm Homes Plan alongside a clear timeline for the introduction of the Future Homes Standard and a pledge to expand heat networks, it is clear the government are committed to enhancing the UK’s energy security by decarbonising heat from buildings.

    Whilst we await the detail within the Warm Homes Plan, this strategy sets clear intentions for the sector, and the HPA will continue to work closely with government to support their missions to break down barriers to investment and deliver nationwide growth.

    Clare Jackson, CEO at Hydrogen UK, said

    The UK can, and should, lead the world in hydrogen, creating jobs and skills, driving economic growth, and lowering emissions. With hydrogen as a key pillar, the Industrial Strategy and Clean Energy Industries Sector Plan are welcome, positive steps forward to achieving that goal, with strong policy signals and funding to match.

    The Clean Energy Industries Sector Plan in particular acknowledges hydrogen’s economic and export potential, and we look forward to working with the government as it puts these strategies into practice.

    Dr Emma Guthrie, CEO of the Hydrogen Energy Association (HEA) said:

    We welcome the publication of the Clean Energy Industries Sector Plan and the clear recognition of hydrogen as a central pillar in the UK’s clean industrial future.

    The commitment to a dedicated hydrogen sector plan – 1 of 8 outlined across key growth industries – provides the clarity and direction that hydrogen investors, innovators and infrastructure providers urgently need.

    The extension of the Clean Industry Bonus to hydrogen is a particularly positive step, signalling that government recognises the role hydrogen can play in decarbonising heavy industry and strengthening energy resilience.

    The wider Industrial Strategy’s focus on reducing energy costs, accelerating grid connections and supporting frontier technologies reflects many of the priorities the hydrogen industry has long been calling for.

    We now look forward to working closely with government and industry to ensure this strategy delivers tangible outcomes – unlocking investment, creating skilled green jobs, and accelerating the transition to a low-carbon economy.

    Yselkla Farmer, CEO at BEAMA said:

    BEAMA’s members are pleased that our calls for improvements to industrial conditions have been recognised. This long term strategy distinguishes electricity networks and electric heat – uniquely, both represented by BEAMA – as critical sectors for the UK’s economic prosperity. They have the potential to deliver significant benefits to consumers and those seeking excellent employment opportunities in our domestic supply chains.

    We are well aligned with the government’s overall vision and objectives for our sector. We are looking forward to keeping the momentum up over the ten years of this strategy, working with government to bring tangible change and hugely increase investment in our members’ markets, with specific benefit to British manufacturing. In addition to some further measures from upcoming policy announcements, this strategy has the potential to build on our existing strengths for an exciting future.

    We are especially pleased to see the level of financial support being targeted for BEAMA sectors through GB Energy, the National Wealth Fund and the British Business Bank and our hope is this can help bring forward investment in UK manufacturing to supply the UK’s electrification needs across the grid and in homes. The decision to reduce electricity costs for the IS-8 manufacturing sectors is an incredibly welcome step as we strive to ensure we can compete for investment globally.

    Stuart Dossett, Senior Policy Adviser at Green Alliance, said: 

    As international events threaten to drive up the price of oil and send bills soaring once again, it is vital the government look at how to make the UK energy secure. If we’re successful in doubling the amount of investment in clean energy over the next ten years, as the government proposes today, this will provide the cheap, secure power we need for the rest of the economy to grow. The government is also right to focus on making sure more homegrown renewable energy results in cheaper electricity costs for businesses. 

    Darren Davidson, Head of UK, Siemens Energy said:

    Today’s Industrial Strategy announcement, a 10-year UK government plan focused on partnership with business, is welcome news. As one of the world’s leading energy technology companies Siemens Energy has invested significantly in the UK, and we already employ over 6,500 people working on energy projects across the regions.

    The new plan is a significant step forward in helping to create a coherent, strategic policy framework – including funding support – to help strengthen the UK’s industrial base, encourage job creation and deliver the energy transition.

    Updates to this page

    Published 23 June 2025

    MIL OSI United Kingdom –

  • MIL-OSI: Flow Capital Announces US$1.5M Follow-On Investment in Tattle

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, June 23, 2025 (GLOBE NEWSWIRE) — Flow Capital Corp. (TSXV:FW) (“Flow Capital” or the “Company”) is pleased to announce a second follow-on investment of $1.5M in portfolio company, GetTattle Inc. (dba “Tattle”), a global Customer Experience Improvement (“CXI”) software-as-a-service (“SaaS”) platform focused primarily on the restaurant and hospitality sector.

    This follow-on round brings Flow Capital’s total investment in Tattle to US$5.5 million, and reaffirms the Company’s strong conviction in Tattle’s team, market opportunity, and long-term trajectory. The additional capital infusion will support Tattle’s continued growth driven by the launch of its AI Coach features, and further expand its presence within core enterprise verticals.

    Alongside the recent financing, Tattle announced the appointment of Kevin Quinn to its Board of Directors. Mr. Quinn is a seasoned finance executive and retired Partner and Co-Head of Global Technology Banking at Goldman Sachs, with over 25 years of experience advising and scaling high-growth companies in the technology and consumer sectors. Most recently, he served as a senior advisor to the U.S. Department of Commerce’s CHIPS for America program, an initiative to promote domestic semiconductor innovation and manufacturing.

    All growing technology companies seeking covenant-light founder-friendly growth capital are invited to apply for funding directly at www.flowcap.com/get-funding.

    About Tattle

    Tattle is the leading feedback and guest experience improvement platform built for multi-unit hospitality brands. By seamlessly integrating with the restaurant technology ecosystem, Tattle connects brands with their guests at every touchpoint of the guest journey. Tattle’s AI can instantly translate guest feedback across all ordering channels to generate location-specific action items, and empowers operations, marketing, and training teams to drive measurable improvements in guest satisfaction and revenue. Currently Tattle is active at over 15,000 restaurant locations, including hallmark brands such as Chili’s, CAVA, Hooters, PJ’s Coffee, Mellow Mushroom, and more.

    For more information, please visit www.gettattle.com

    About Flow Capital 

    Flow Capital Corp. is a publicly listed provider of flexible growth capital and alternative debt solutions dedicated to supporting high-growth companies. Since its inception in 2018, the company has provided financing to businesses in the US, the UK, and Canada, helping them achieve accelerated growth without the dilutive impact of equity financing or the complexities of traditional bank loans. Flow Capital focuses on revenue-generating, VC-backed, and founder-owned companies seeking $2 to $10 million in capital to drive their continued expansion.
    Learn more at www.flowcap.com.

    For further information, please contact:

    Flow Capital Corp.
    Alex Baluta
    ‎Chief Executive Officer
    ‎alex@flowcap.com
    47 Colborne Street, Suite 303, 
    ‎Toronto, Ontario M5E 1P8

    Forward-Looking Information and Statements

    Certain statements herein may be “forward-looking” statements that involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of Flow or the industry to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements involve significant risks and uncertainties, should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether such results will be achieved. A number of factors could cause actual results to vary significantly from the results discussed in the forward-looking statements. These forward-looking statements reflect current assumptions and expectations regarding future events and operating performance and are made as of the date hereof and Flow assumes no obligation, except as required by law, to update any forward-looking statements to reflect new events or circumstances.

    The MIL Network –

  • MIL-OSI: Evfarmer Announces Approval of MSB License by the U.S. Financial Crimes Enforcement Network (FinCEN)

    Source: GlobeNewswire (MIL-OSI)

    DENVER, June 23, 2025 (GLOBE NEWSWIRE) — Evfarmer Capital Limited, a global company specializing in agricultural financial technology, has officially announced its successful registration in the United States and the receipt of a Money Services Business (MSB) license issued by the Financial Crimes Enforcement Network (FinCEN), an agency under the U.S. Department of the Treasury.

    At the same time, Evfarmer plans to use the U.S. market as a strategic hub for expanding its business throughout the Americas.

    Obtaining the MSB license marks a significant step forward in Evfarmer’s efforts to build a globally compliant financial operation and lays a strong foundation for its ongoing international development.

    “Securing the U.S. MSB license is a major milestone in Evfarmer’s global growth strategy,” said a company spokesperson.
    “It reinforces our legitimacy in cross-border financial services and demonstrates our firm commitment to compliance, security, and long-term sustainability.”

    Evfarmer is dedicated to empowering global agricultural development through innovation in both finance and technology. The company offers cutting-edge financial services to agricultural enterprises around the world.
    Its expansion into the U.S. market signifies not only a new phase of internationalization, but also a reaffirmation of its commitment to operating with transparency and in full regulatory compliance globally.

    According to its strategic roadmap, Evfarmer will continue accelerating its global expansion. The next phase will focus on entering key markets across Africa, Asia, and Europe, with plans to establish local branches in multiple countries to help build a global digital agricultural ecosystem.

    With the MSB license now in place, Evfarmer is officially a registered and compliant financial service provider under FinCEN regulations. The company has implemented the following compliance frameworks:

    • Robust Anti-Money Laundering (AML) policies
    • Know Your Customer (KYC) procedures
    • Internal risk control and reporting systems
    • Compliance audits for third-party agricultural partners

    About Evfarmer Capital Limited
    Evfarmer Capital Limited is a global leader in agricultural financial technology, dedicated to connecting agricultural supporters with real-world farming projects. The company is building a secure, efficient, and transparent agri-financial ecosystem that empowers both users and agricultural enterprises.

    Evfarmer’s headquarters is located at:
    20 Fenchurch St, London, United Kingdom, EC3M 3BY
    Its official U.S. branch is located at:
    5445 DTC Parkway, Greenwood Village, CO 80111, United States

    Photos accompanying this announcement are available at: 

    https://www.globenewswire.com/NewsRoom/AttachmentNg/f08554bc-3c9d-489b-afda-5603cc819012

    https://www.globenewswire.com/NewsRoom/AttachmentNg/30ec1eba-3dd0-4596-9762-1ba9bda1e9f7

    The MIL Network –

  • MIL-OSI: FactSet Reports Results for Third Quarter 2025

    Source: GlobeNewswire (MIL-OSI)

    • Q3 GAAP revenues of $585.5 million, up 5.9% from Q3 2024.
    • Organic Q3 ASV of $2,296.9 million, up 4.5% year over year.
    • Q3 GAAP operating margin of 33.2%, down approximately 350 bps year over year, and adjusted operating margin of 36.8%, down 270 bps year over year.
    • Q3 GAAP diluted EPS of $3.87, down 5.4% from the prior year, and adjusted diluted EPS of $4.27, down 2.3% year over year.
    • FactSet appointed Sanoke Viswanathan as CEO, effective early September 2025. He succeeds Phil Snow, who will retire as CEO and Board member. Snow will remain a senior advisor through the end of the calendar year.

    NORWALK, Conn., June 23, 2025 (GLOBE NEWSWIRE) — FactSet (“FactSet” or the “Company”) (NYSE:FDS) (NASDAQ:FDS), a global financial digital platform and enterprise solutions provider, today announced results for its third quarter fiscal 2025 ended May 31, 2025.

    Third Quarter Fiscal 2025 Highlights

    • GAAP revenues increased 5.9%, or $32.8 million, to $585.5 million for the third quarter of fiscal 2025 compared with $552.7 million in the prior year period. Organic(1) revenues grew 4.4% year over year to $577.2 million during the third quarter of fiscal 2025. Growth in GAAP and Organic revenues this quarter was driven by wealth and institutional buy-side clients.
    • Annual Subscription Value (“ASV”) was $2,335.1 million at May 31, 2025, compared with $2,199.1 million at May 31, 2024. Organic ASV was $2,296.9 million at May 31, 2025, up 4.5% or $98.5 million year over year(2).
    • Organic ASV increased $22.6 million over the last three months. Please see the “ASV” section of this press release for details.
    • GAAP operating margin decreased to 33.2% compared with 36.6% for the prior year period. Adjusted operating margin decreased to 36.8% compared with 39.4% in the prior year period. GAAP and adjusted operating margin decreased primarily due to the lapping of both a lower bonus accrual and a one-time payroll tax adjustment that occurred in the prior year, as well as higher annual base salaries from inclusion of recent acquisitions, partially offset by growth in revenues. In addition, GAAP operating margin decreased due to higher amortization of intangible assets.
    • GAAP diluted earnings per share (“EPS”) decreased 5.4% to $3.87 compared with $4.09 for the same period in fiscal 2024. Adjusted diluted EPS decreased 2.3% to $4.27 compared with $4.37 in the prior year period. The decrease in GAAP diluted EPS and adjusted diluted EPS were mainly driven by higher operating expenses, partially offset by growth in revenues.
    • Net cash provided by operating activities was $253.8 million for the third quarter of fiscal 2025, an increase of 6.5% compared with the prior year period. Free cash flow increased to $228.6 million for the third quarter of fiscal 2025, compared with $216.9 million for the prior year period, an increase of 5.4%, primarily due to higher operating cash flows.
    • GAAP effective tax rate for the third quarter of fiscal 2025 increased to 17.5% compared with 17.0% for the third quarter of fiscal 2024. The increase was primarily due to certain discrete items, mainly lower excess tax benefits related to stock-based compensation, as well as a higher overall foreign tax rate, partially offset by lower U.S. tax on foreign earnings.

    (1) References to “organic” figures in this press release exclude the current year impact of acquisitions and dispositions completed within the past 12 months and the current year impact from changes in foreign currency.

    (2) Beginning in fiscal 2025, FactSet is reporting Organic ASV, rather than Organic ASV plus Professional Services, to focus on the recurring nature of its revenues. This underscores the shift of FactSet’s offerings toward providing more managed services and less project-based services.

    “We are pleased with our third quarter performance, which reflects the execution of our enterprise solution strategy. With a healthy pipeline and increased momentum, we are well-positioned to finish the fiscal year with strength,” said Phil Snow, CEO of FactSet. “As FactSet prepares for its next chapter of leadership, I’m proud of the solid foundation we’ve established, built on innovation, client trust, and industry-leading data and workflow solutions. This platform gives me great conviction in the Company’s continued success.”

    Key Financial Measures*

    (Condensed and Unaudited) Three Months Ended  
      May 31,  
    (In thousands, except per share data) 2025 2024 Change
    Revenues $ 585,520   $ 552,708   5.9 %
    Organic revenues $ 577,200   $ 552,708   4.4 %
    Operating income $ 194,155   $ 202,459   (4.1 )%
    Adjusted operating income $ 215,313   $ 217,960   (1.2 )%
    Operating margin   33.2 %   36.6 %  
    Adjusted operating margin   36.8 %   39.4 %  
    Net income $ 148,542   $ 158,135   (6.1 )%
    Adjusted net income $ 163,921   $ 168,796   (2.9 )%
    EBITDA $ 235,915   $ 239,930   (1.7 )%
    Diluted EPS $ 3.87   $ 4.09   (5.4 )%
    Adjusted diluted EPS $ 4.27   $ 4.37   (2.3 )%

             * See reconciliation of U.S. GAAP to adjusted key financial measures in the back of this press release.

    “As anticipated, the second half in fiscal 2025 is showing improved results, with third quarter organic ASV growth accelerating as we meet client demands and execute diligently,” said Helen Shan, FactSet’s CFO. “At the same time, we remain focused on investing in our strategic priorities and are reaffirming our fiscal 2025 guidance to achieve our full year targets.”

    Annual Subscription Value (ASV)

    ASV at any given point in time represents the forward-looking revenues for the next 12 months from all subscription services currently supplied to clients.

    ASV was $2,335.1 million at May 31, 2025, compared with $2,199.1 million at May 31, 2024. Organic ASV was $2,296.9 million at May 31, 2025, up $98.5 million from the prior year, for a growth rate of 4.5%. Organic ASV increased $22.6 million over the last three months.

    The buy-side and sell-side organic ASV annual growth rates as of May 31, 2025 were each 4.0%. Buy-side clients, including institutional asset managers, wealth managers, asset owners, partners, hedge funds and corporate clients, accounted for 82% of organic ASV. The remaining organic ASV came from sell-side firms, including broker-dealers, banking and advisory firms, and private equity and venture capital firms. Supplementary tables covering organic buy-side and sell-side ASV growth rates may be found on the last page of this press release.

    Segment Revenues and ASV

    ASV from the Americas was $1,513.1 million compared with ASV in the prior year period of $1,415.3 million. Organic ASV from the Americas increased 5.0% to $1,486.0 million. Americas revenues for the quarter increased to $380.5 million compared with $356.5 million in the third quarter of last year. The Americas quarterly organic revenues growth rate was 5.0% over the prior year period.

    ASV from EMEA was $581.9 million compared with ASV in the prior year period of $565.0 million. Organic ASV from EMEA increased 2.1% to $575.2 million. EMEA revenues were $145.7 million compared with $141.2 million in the third quarter of fiscal 2024. The EMEA quarterly organic revenues growth rate was 2.3% over the prior year period.

    ASV from Asia Pacific was $240.1 million compared with ASV in the prior year period of $218.8 million. Organic ASV from Asia Pacific increased 7.1% to $235.7 million. Asia Pacific revenues were $59.3 million compared with $55.0 million in the third quarter of fiscal 2024. The Asia Pacific quarterly organic revenues growth rate was 6.4% over the prior year period.

    Operational Highlights – Third Quarter Fiscal 2025

    • Client count as of May 31, 2025 was 8,811, a net increase of 166 clients in the past three months, driven by hedge fund, corporate and wealth management clients, and now includes clients from the LiquidityBook acquisition. The count includes clients with ASV of $10,000 and more.
    • User count was 220,496 as of May 31, 2025, a net increase of 1,355 users in the past three months, driven by an increase in wealth management users. The user count does not reflect the fiscal 2025 acquisitions.
    • Annual ASV retention was greater than 95% as of May 31, 2025. When expressed as a percentage of clients, annual retention was 91% as of May 31, 2025.
    • Employee headcount was 12,579 as of May 31, 2025, up 2.6% over the last 12 months, with the increase primarily in the sales and technology groups, mainly from the Irwin and LiquidityBook acquisitions and an increase in employees in our Centers of Excellence. FactSet’s Centers of Excellence account for approximately 67% of the Company’s employees.
    • A quarterly dividend of $41.6 million, or $1.10 per share, was paid on June 18, 2025, to holders of record of FactSet’s common stock at the close of business on May 30, 2025. This represents a 6% increase in the regular quarterly dividend from the $1.04 per share paid in the previous quarter and marks the 26th consecutive year the Company has increased dividends on a stock split-adjusted basis.
    • FactSet entered into a new credit agreement that includes a term loan of $500 million and a revolving credit facility of $1.0 billion, which remains undrawn. The term loan was used to repay borrowings under the 2022 credit agreement.
    • FactSet announced that Phil Snow will retire as CEO and a member of the Board, effective early September 2025 and will be succeeded by Sanoke Viswanathan, most recently CEO of International Consumer and Wealth at JPMorgan Chase. Snow will serve as a senior advisor through the end of the calendar year.
    • FactSet was named Databricks’ Financial Services Data Partner of the Year. FactSet data is available on the Databricks Marketplace to help clients accelerate time to value by eliminating manual data integration and enabling seamless and secure access to FactSet’s industry-leading proprietary and third-party connected data.
    • After the quarter, CUSIP Global Services announced a collaboration with Aumni, Inc., a JPMorgan company, to expand CUSIP coverage for venture-backed and private equity-owned 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.

    Share Repurchase Program

    FactSet repurchased 184,050 shares of its common stock for $80.7 million at an average price of $438.45 during the third quarter of fiscal 2025 under the Company’s share repurchase program. As of May 31, 2025, $106.2 million remained available for share repurchases under this program. Additionally, on June 17, 2025, the Board of Directors of FactSet approved a new share repurchase authorization of up to $400 million, which will be available on September 1, 2025.

    Annual Business Outlook

    FactSet reaffirms its outlook for fiscal 2025 provided on March 20, 2025. The following forward-looking statements reflect FactSet’s expectations as of today’s date. Given the risk factors, uncertainties, and assumptions discussed below, actual results may differ materially. FactSet does not intend to update its forward-looking statements prior to its next quarterly results announcement.

    Fiscal 2025 Expectations

    • Organic ASV is expected to grow in the range of $100 million to $130 million during fiscal 2025.
    • GAAP revenues are expected to be in the range of $2,305 million to $2,325 million.
    • GAAP operating margin is expected to be in the range of 32.0% to 33.0%.
    • Adjusted operating margin is expected to be in the range of 36.0% to 37.0%.
    • FactSet’s annual effective tax rate is expected to be in the range of 17% to 18%.
    • GAAP diluted EPS is expected to be in the range of $14.80 to $15.40.
    • Adjusted diluted EPS is expected to be in the range of $16.80 to $17.40.

    Adjusted operating margin and adjusted diluted EPS guidance do not include certain effects of any non-recurring benefits or charges that may arise in fiscal 2025. Please see the back of this press release for a reconciliation of GAAP to adjusted metrics.

    Conference Call

    Third Quarter 2025 Conference Call Details

    Please register for the conference call using the above link before the call start time. The conference call platform will register your name and organization and provide dial-in numbers and a unique access pin. The conference call will have a live Q&A session.

    A replay will be available on the Company’s investor relations website after 1:00 p.m. Eastern Time on June 23, 2025, through June 23, 2026. The earnings call transcript will be available via FactSet CallStreet.

    Forward-looking Statements

    This press release contains forward-looking statements based on management’s current expectations, estimates, forecasts and projections about future events and circumstances, industries in which FactSet operates and the beliefs and assumptions of management. All statements that address expectations, guidance, outlook or projections about the future, including statements about the Company’s strategy for growth, product development, revenues, future financial results, anticipated growth, market position, subscriptions, expected expenditures, trends in FactSet’s business and financial results, are forward-looking statements. Forward-looking statements may be identified by words like “may,” “might,” “will,” “should,” “expects,” “plans,” “anticipates,” “believes,” “estimates,” “intends,” “projects,” “indicates,” “predicts,” “potential,” or “continue,” and similar expressions. Forward-looking statements are not guarantees of future performance and involve a number of risks, uncertainties and assumptions. Many factors, including those discussed more fully elsewhere in this release and in FactSet’s filings with the Securities and Exchange Commission, particularly its latest annual report on Form 10-K and quarterly reports on Form 10-Q, as well as others, could cause results to differ materially from those expressed or implied by the forward-looking statements. Accordingly, the Company cautions readers not to place undue reliance on any forward-looking statements, which speak only as of the date they are made. FactSet assumes no duty to and does not undertake to update or revise any forward-looking statement to reflect events or circumstances arising after the date on which it is made, except as required by applicable law. Future results could differ materially from historical performance.

    About Non-GAAP Financial Measures

    The Company reports its financial results in accordance with U.S. GAAP. The Company also refers to and presents certain additional non-GAAP financial measures. These measures include: organic revenues, adjusted operating margin, adjusted operating income, adjusted net income, EBITDA, adjusted diluted EPS, and free cash flow. The Company has included reconciliations of these non-GAAP financial measures to the most directly comparable financial measures calculated in accordance with GAAP at the back of this release.

    FactSet uses these non-GAAP financial measures both in presenting its results to stockholders and the investment community and in its internal evaluation and management of the business. The Company believes that these non-GAAP financial measures provide useful supplemental information to investors because they permit investors to view the Company’s performance using the same tools that management uses to gauge progress in achieving its goals. Investors may benefit from referring to these non-GAAP financial measures in assessing the Company’s performance and when planning, forecasting and analyzing future periods, and such measures may also facilitate comparisons to historical performance. The Company believes that organic revenues, adjusted operating margin, adjusted operating income, adjusted net income, EBITDA, and adjusted diluted EPS help to fully reflect the underlying economic performance of FactSet. The Company believes that free cash flow is useful to investors because it is an indication of cash flow that may be available to fund investments in future growth initiatives. The presentation of this non-GAAP financial information should not be considered in isolation from, or as a substitute for, the financial information prepared and presented in accordance with GAAP. We are not able to reconcile certain forward-looking non-GAAP measures to reported measures without unreasonable efforts because it is not possible to predict with a reasonable degree of certainty the actual impact or exact timing of items that may impact comparability.

    About FactSet

    FactSet (NYSE:FDS | NASDAQ:FDS) supercharges financial intelligence, offering enterprise data and information solutions that power our clients to maximize their potential. Our cutting-edge digital platform seamlessly integrates proprietary financial data, client datasets, third-party sources, and flexible technology to deliver tailored solutions across the buy-side, sell-side, wealth management, private equity, and corporate sectors. With over 47 years of expertise, a presence in 20 countries, and extensive multi-asset class coverage, we leverage advanced data connectivity alongside AI and next-generation tools to streamline workflows, drive productivity, and enable smarter, faster decision-making. Serving more than 8,800 global clients and over 220,000 individual users, FactSet is a member of the S&P 500 dedicated to innovation and long-term client success. Learn more at www.factset.com and follow us on X and LinkedIn.

    Investor Relations:                         
    Kevin Toomey
    +1.212.209.5259
    Kevin.Toomey@factset.com

    Media Relations:
    Kelsey Goldsmith
    +1.207.712.9726
    Kelsey.Goldsmith@factset.com

                 
    Consolidated Statements of Income (Unaudited)            
      Three Months Ended   Nine Months Ended
      May 31,   May 31,
    (In thousands, except per share data) 2025   2024   2025   2024
    Revenues $ 585,520     $ 552,708     $ 1,724,847     $ 1,640,869  
    Operating expenses              
    Cost of services   280,729       246,986       809,112       753,749  
    Selling, general and administrative   110,636       103,263       344,753       313,679  
    Total operating expenses   391,365       350,249       1,153,865       1,067,428  
                   
    Operating income   194,155       202,459       570,982       573,441  
                   
    Other income (expense), net              
    Interest income   1,509       4,568       4,483       10,427  
    Interest expense   (15,122 )     (16,894 )     (43,438 )     (50,231 )
    Other income (expense), net   (594 )     399       (20 )     736  
    Total other income (expense), net   (14,207 )     (11,927 )     (38,975 )     (39,068 )
                   
    Income before income taxes   179,948       190,532       532,007       534,373  
                   
    Provision for income taxes   31,406       32,397       88,583       86,743  
    Net income $ 148,542     $ 158,135     $ 443,424     $ 447,630  
                   
    Basic earnings per common share $ 3.92     $ 4.15     $ 11.68     $ 11.76  
    Diluted earnings per common share $ 3.87     $ 4.09     $ 11.53     $ 11.58  
                   
    Basic weighted average common shares   37,907       38,089       37,976       38,069  
    Diluted weighted average common shares   38,344       38,640       38,457       38,644  

    Certain prior year figures have been conformed to the current year’s presentation.

       
    Consolidated Balance Sheets (Unaudited)  
         
         
    (In thousands) May 31, 2025   August 31, 2024
    ASSETS          
    Cash and cash equivalents $ 356,361     $ 422,979  
    Investments   7,684       69,619  
    Accounts receivable, net of reserves of $13,917 at May 31, 2025 and $14,581 at August 31, 2024   271,851       228,054  
    Prepaid taxes   61,048       55,103  
    Prepaid expenses and other current assets   63,534       60,093  
    Total current assets   760,478       835,848  
         
    Property, equipment and leasehold improvements, net   79,627       82,513  
    Goodwill   1,277,855       1,011,129  
    Intangible assets, net   1,931,210       1,844,141  
    Deferred taxes   66,870       61,337  
    Lease right-of-use assets, net   119,191       130,494  
    Other assets   103,531       89,578  
    TOTAL ASSETS $ 4,338,762     $ 4,055,040  
         
    LIABILITIES    
    Accounts payable and accrued expenses $ 144,487     $ 178,250  
    Current debt   —       124,842  
    Current lease liabilities   33,219       31,073  
    Accrued compensation   98,131       93,279  
    Deferred revenues   170,897       159,761  
    Current taxes payable   30,545       40,391  
    Dividends payable   41,644       39,470  
    Total current liabilities   518,923       667,066  
         
    Long-term debt   1,430,197       1,241,131  
    Deferred taxes   16,573       8,452  
    Deferred revenues, non-current   312       1,344  
    Taxes payable   48,072       40,452  
    Long-term lease liabilities   157,088       177,521  
    Other liabilities   12,415       6,614  
    TOTAL LIABILITIES $ 2,183,580     $ 2,142,580  
         
    STOCKHOLDERS’ EQUITY    
    TOTAL STOCKHOLDERS’ EQUITY $ 2,155,182     $ 1,912,460  
         
    TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 4,338,762     $ 4,055,040  
                   
    Consolidated Statements of Cash Flows (Unaudited)  
      Nine Months Ended
      May 31,
    (In thousands) 2025   2024
    CASH FLOWS FROM OPERATING ACTIVITIES              
    Net income $ 443,424     $ 447,630  
    Adjustments to reconcile net income to net cash provided by operating activities    
    Depreciation and amortization   114,972       91,154  
    Amortization of lease right-of-use assets   23,152       22,846  
    Stock-based compensation expense   47,154       46,707  
    Deferred income taxes   3,154       (6,979 )
    Other, net   7,428       7,831  
    Changes in assets and liabilities, net of effects of acquisitions    
    Accounts receivable   (41,492 )     (7,176 )
    Prepaid expenses and other assets   6,699       (14,941 )
    Accounts payable and accrued expenses   (49,717 )     17,296  
    Accrued compensation   3,789       (33,329 )
    Deferred revenues   4,955       13,817  
    Taxes payable, net of prepaid taxes   (19,108 )     (15,992 )
    Lease liabilities, net   (30,250 )     (31,687 )
    Net cash provided by operating activities   514,160       537,177  
         
    CASH FLOWS FROM INVESTING ACTIVITIES    
    Purchases of property, equipment, leasehold improvements and capitalized internal-use software   (74,840 )     (59,722 )
    Acquisition of businesses, net of cash and cash equivalents acquired   (348,255 )     —  
    Purchases of investments   (4,433 )     (44,936 )
    Proceeds from maturity or sale of investments   58,155       —  
    Net cash provided by (used in) investing activities   (369,373 )     (104,658 )
         
    CASH FLOWS FROM FINANCING ACTIVITIES    
    Proceeds from debt   803,410       —  
    Repayments of debt   (742,500 )     (187,500 )
    Dividend payments   (118,329 )     (111,297 )
    Proceeds from employee stock plans   72,616       83,497  
    Repurchases of common stock   (193,838 )     (171,918 )
    Other financing activities   (20,686 )     (15,690 )
    Net cash provided by (used in) financing activities   (199,327 )     (402,908 )
         
    Effect of exchange rate changes on cash, cash equivalents and restricted cash   1,966       (1,911 )
    Net increase (decrease) in cash, cash equivalents and restricted cash   (52,574 )     27,700  
    Cash and cash equivalents at beginning of period   422,979       425,444  
    Cash, cash equivalents and restricted cash at end of period $ 370,405     $ 453,144  
         
    Reconciliation of total cash, cash equivalents and restricted cash:    
    Cash and cash equivalents $ 356,361     $ 453,144  
    Restricted cash included in Prepaid expenses and other current assets   6,522       —  
    Restricted cash included in Other assets   7,522       —  
    Total cash, cash equivalents and restricted cash $ 370,405     $ 453,144  

    Certain prior year figures have been conformed to the current year’s presentation.

    Reconciliation of U.S. GAAP Results to Adjusted Financial Measures

    Organic Revenues

    Organic revenues exclude the current year impact of revenues from acquisitions and dispositions completed within the past 12 months and the current year impact from changes in foreign currency. The table below provides a reconciliation of revenues to organic revenues:

                       
    (Unaudited) Three Months Ended    
      May 31,    
    (In thousands) 2025   2024   Change
    Revenues $ 585,520     $ 552,708       5.9 %
    Acquisition revenues   (7,781 )     —      
    Currency impact   (539 )     —      
    Organic revenues $ 577,200     $ 552,708       4.4 %
                           

    Non-GAAP Financial Measures

    The table below provides a reconciliation of operating income, operating margin, net income and diluted EPS to adjusted operating income, adjusted operating margin, adjusted net income, EBITDA, and adjusted diluted EPS.

    Adjusted operating income and margin, adjusted net income, and adjusted diluted earnings per share exclude acquisition-related intangible asset amortization and non-recurring items. EBITDA represents earnings before interest expense, provision for income taxes and depreciation and amortization expense.

               
      Three Months Ended        
      May 31,        
    (in thousands, except per share data) 2025   2024   % Change
    Operating income $ 194,155     $ 202,459       (4.1 )%
    Intangible asset amortization   19,182       16,674          
    Business acquisitions and related costs   1,976       423          
    Restructuring/severance   —       (1,596 )        
    Adjusted operating income $ 215,313     $ 217,960       (1.2 )%
    Operating margin   33.2 %     36.6 %        
    Adjusted operating margin(1)   36.8 %     39.4 %        
    Net income $ 148,542     $ 158,135       (6.1 )%
    Intangible asset amortization   13,943       11,466          
    Business acquisitions and related costs   1,436       291          
    Restructuring/severance   —       (1,096 )        
    Adjusted net income(2) $ 163,921     $ 168,796       (2.9 )%
    Net income   148,542       158,135       (6.1 )%
    Interest expense   15,122       16,894          
    Income taxes   31,406       32,397          
    Depreciation and amortization expense   40,845       32,504          
    EBITDA $ 235,915     $ 239,930       (1.7 )%
    Diluted EPS $ 3.87     $ 4.09       (5.4 )%
    Intangible asset amortization   0.36       0.30          
    Business acquisitions and related costs   0.04       0.01          
    Restructuring/severance   —       (0.03 )        
    Adjusted diluted EPS(2) $ 4.27     $ 4.37       (2.3 )%
    Weighted average common shares (diluted)   38,344       38,640          
    (1) Adjusted operating margin is calculated as Adjusted operating income divided by Revenues.
    (2) For purposes of calculating Adjusted net income and Adjusted diluted EPS, all adjustments for the three months ended May 31, 2025 and May 31, 2024 were taxed at an adjusted tax rate of 27.3% and 31.2%, respectively.
       

    Business Outlook Operating Margin, Net Income and Diluted EPS

    (Unaudited)    
    Figures may not foot due to rounding Annual Fiscal 2025 Guidance
    (In millions, except per share data) Low end of range   High end of range
    Revenues $ 2,305     $ 2,325  
    Operating income $ 761     $ 744  
    Operating margin   33.0 %     32.0 %
         
    Intangible asset amortization   80       81  
    Other adjustments (net)   12       12  
    Adjusted operating income $ 853     $ 837  
    Adjusted operating margin(a)   37.0 %     36.0 %
         
    Net income $ 588     $ 567  
    Intangible asset amortization   66       66  
    Other adjustments (net)   10       10  
    Discrete tax items   (4 )     (4 )
    Adjusted net income $ 660     $ 640  
         
    Diluted earnings per common share $ 15.40     $ 14.80  
    Intangible asset amortization   1.73       1.73  
    Other adjustments (net)   0.30       0.30  
    Discrete tax items   (0.03 )     (0.03 )
    Adjusted diluted earnings per common share $ 17.40     $ 16.80  
    (a) Adjusted operating margin is calculated as Adjusted operating income divided by Revenues.
       

    Free Cash Flow

    Cash flows provided by operating activities have been reduced by purchases of property, equipment, leasehold improvements and capitalized internal-use software to report non-GAAP free cash flow.

         
    (Unaudited) Three Months Ended  
      May 31,  
    (In thousands) 2025   2024   Change
    Net Cash Provided for Operating Activities $ 253,833     $ 238,235       6.5 %
    Less: purchases of property, equipment, leasehold improvements and capitalized internal-use software   (25,230 )     (21,339 )  
    Free Cash Flow $ 228,603     $ 216,896       5.4 %
                           

    Supplementary Schedules of Historical ASV by Client Type

    The following table presents the percentages and growth rates of organic ASV by client type, excluding the impact of currency movements, and may be useful to facilitate historical comparisons. Organic ASV excludes acquisitions and dispositions completed within the last 12 months and the effects of foreign currency movements.

    The numbers below do not include professional services or issuer fees.

                     
      Q3’25 Q2’25 Q1’25 Q4’24 Q3’24 Q2’24 Q1’24 Q4’23
    % of ASV from buy-side clients 82.3% 82.3% 82.1% 82.0% 82.3% 82.0% 82.0% 81.8%
    % of ASV from sell-side clients 17.7% 17.7% 17.9% 18.0% 17.7% 18.0% 18.0% 18.2%
                     
    ASV Growth rate from buy-side clients 4.0% 4.1% 4.3% 4.9% 5.3% 5.6% 7.2% 6.9%
    ASV Growth rate from sell-side clients 4.0% 2.2% 3.5% 3.8% 3.7% 5.5% 7.6% 9.3%
                     

    The following table presents the calculation of organic ASV.

       
    (In millions) As of May 31, 2025
    As reported ASV $ 2,335.1  
    Currency impact (a)   (5.7 )
    Acquisition ASV (b)   (32.5 )
    Organic ASV $ 2,296.9  
    Organic ASV annual growth rate   4.5 %
    (a) The impact from foreign currency movements.
       
    (b) Acquired ASV from acquisitions completed within the last 12 months.

    The MIL Network –

  • MIL-OSI: Churchill Reports High-Grade Silver Results up to 395 g/t Silver at the Black Raven Property, Central Newfoundland

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, June 23, 2025 (GLOBE NEWSWIRE) — Churchill Resources Inc. (“Churchill” or the “Company”) (TSXV: CRI) is pleased to announce that due-diligence sampling on its Black Raven property returned silver assays of up to 395 g/t silver from grab samples, confirming that high-grade Ag, Sb, and Au are present at several prospects. Five grab samples returned silver assays over 150 g/t (4.69 opt), along with high-grade gold, lead and zinc, emphasizing the polymetallic metal assemblage of critical minerals present in the Black Raven vein system, per the summary table and figure below.

    Sample #   300   304   305   315   321
    Silver grade (g/t)   153   329   321   251   395
    Gold grade (g/t)   3.07   7.70   7.79   5.09   2.16
    Lead grade (%)   3.10   6.47   5.80   8.83   7.34
    Zinc grade (%)   2.85   4.97   >5.0   >5.0   >5.0
    Copper grade (%)   nil   0.37   0.50   0.39   0.40
                         

    These samples exceeded the laboratory’s original upper detection limit for silver (100 g/t – see release of May 28th 2025), and the results reported herein are from the overage assay protocols. The Black Raven vein systems have never been drilled.

    “These silver results confirm our belief that the Black Raven system can carry high grade metals in multiple locations,” commented Paul Sobie, CEO of Churchill, “Churchill’s geological team are on site carrying out a summer surface exploration program, with trenching and drilling commencing as soon as permits are received. Work is presently focused on property mapping and extending the sampled strike extent of the high-grade Frost Cove (antimony), Stewart (gold), and Taylor’s Room (silver-gold) prospects as well as defining several other prospects including Moreton’s Harbour 1 (gold-silver) and Moreton’s Harbour Head (antimony-gold-silver). This work is going well and continues to encounter well-mineralized samples in all locales, confirming and expanding upon historical work.”

    The Black Raven Property hosts two past-producing mines dating back to the late 1800’s, the Frost Cove Antimony Mine, and the Stewart Gold Mine which returned antimony grades of 35.1% and gold grades of 14.4 g/t, respectively (see release of 12th June 2025). The silver results reported herein are from different locations on the property (see attached map). Black Raven is located approximately 60km northwest of Gander, and approximately 100km north of the Beaver Brook Antimony Mine, currently on care and maintenance.

    Antimony: A Critical Mineral in High Demand

    Antimony is a critical mineral essential for national security and modern technology, with over 90% of global production controlled by China, Russia, and other non-Western jurisdictions. The metal is a vital component in military applications, while also being crucial for certain flame retardants, strengthening alloys in batteries, and emerging energy storage technologies. Recent Chinese export restrictions have driven prices to record levels exceeding $50,000 per tonne, highlighting antimony’s strategic importance to a “Fortress North America” approach to critical mineral supply chains and making domestic North American sources increasingly important for economic and national security.

    Due-Diligence Sampling Program

    Antimony, gold, silver, lead, zinc, copper and molybdenum samples were selected by Dr. Derek Wilton, independent QP to Churchill, during field visits on April 24th and 25th. All samples were labelled and securely bound and delivered to the prep laboratory of SGS Canada Inc. in Grand Falls-Windsor, for crushing and pulverizing. Splits were couriered to Burnaby, B.C. by SGS for GE_AAS33E50 silver assays and overlimit samples by the GO_FAG37V analytical method. All due-diligence samples described in this news release were grab samples and are selective by nature and are unlikely to represent average grades of the property.

    The technical and scientific information in this news release has been reviewed and approved by Dr. Derek H.C Wilton, P.Geo., FGC, who is a “qualified person” as defined under National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”). Dr. Wilton is an honorary research professor of Economic Geology at Memorial University in St. John’s and is independent of the Company for the purposes of NI 43-101.

    Black Raven Antimony-Gold Property

    The Black Raven Property comprises nine map-staked licenses constituting a single contiguous block of 125 claims that in total cover 3,125ha or 31.25km2. Churchill and the vendors have agreed to a 4km wide area of interest around the property boundaries as part of their agreement.

    The past sampling data reported in this News Release is historic in nature and does not meet NI43-101 standards. Churchill has relied on the information supplied in the Government of Newfoundland field assessment reports and from information found in the Mineral Occurrence Database System operated by the Newfoundland Department of Industry, Energy and, Technology. Natural Resources.

    The technical and scientific information in this news release has been reviewed and approved by Dr. Derek H.C Wilton, P.Geo., FGC, who is a “qualified person” as defined under National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”). Dr. Wilton is an honorary research professor of Economic Geology at Memorial University in St. John’s and is independent of the Company for the purposes of NI 43-101.

    References:

    Heyl, George R., 1936. Geology and Mineral Deposits of the Bay of Exploits Area. Newfoundland Department of Natural Resources, Geological Section, Bulletin No 3. 65 pages.

    Fogwill, W.D., 1968. Report on a copper prospect at Western Head, Moreton’s Harbour in the Notre Dame Bay Area, Newfoundland. Newfoundland and Labrador Geological Survey, Assessment File 2E/10/0350, 1968, 48 pages

    Kay, E.A. 1981. A geochemical and fluid inclusion study of the arsenopyrite-stibnite-gold mineralization, Moreton’s Harbour, Notre Dame Bay, Newfoundland. Master Thesis, Memorial University of Newfoundland, St. John’s, Canada, 1981. Newfoundland and Labrador Geological Survey, Assessment File 002E/10/1075, 1981, 209 pages.

    Quinlan E, 2013. First Year Assessment Report for 019872M, Ninth Year Assessment Report for 015553M, and Third Year Assessment Report for 017787M for Exploration within the Black Raven Property, NTS Map Sheet 2E/10. Newfoundland and Labrador Geological Survey Assessment Report, 69 pages

    Quinlan, E. 2025. 21st, 8th & 4th Year Assessment Report of Diamond Drilling & Prospecting On Black Raven Property, License 023212M (21st Year), License 02840m (8th Year), License 35674m (4th Year) NTS 02E/10, North-Central Newfoundland. Property centered at approximately 49°57’N, 54°87’ W. 34 pages.

    About Churchill Resources

    Churchill Resources Inc. is a Canadian exploration company focused on strategic, critical minerals in Canada, principally at its prospective Black Raven, Taylor Brook and Florence Lake properties in Newfoundland & Labrador. The Churchill management team, board, and advisors have decades of combined experience in mineral exploration and in the establishment of successful publicly listed mining companies, both in Canada and around the world. Churchill’s Newfoundland and Labrador projects have the potential to benefit from the province’s large and diversified minerals industry, which includes world class nickel mines and processing facilities, and a well-developed mineral exploration sector with locally based drilling and geological expertise.

    Churchill’s Taylor Brook Nickel-Copper-Cobalt-Vanadium-Titanium Property, and Florence Lake Nickel Property, are both in good standing for a number of years, such that further exploration and development can await improved market conditions sentiment while the Company focuses on high-grade antimony-gold and other critical minerals.

    Further Information

    For further information regarding Churchill, please contact:

    Churchill Resources Inc.
    Paul Sobie, Chief Executive Officer
    psobie@churchillresources.com
    Tel. 416.365.0930 (o)
          647.988.0930 (m)

    Alec Rowlands, Business Development & IR
    Alec.rowlands1@gmail.com
    Tel. 416.721.4732 (m)

    FORWARD-LOOKING STATEMENTS

    This news release contains certain forward-looking statements, including, but not limited to, statements about Churchill’s objectives, goals and exploration activities proposed to be conducted on its properties; future growth potential of Churchill, including whether any proposed exploration programs at any of its properties will be successful; exploration results; and future exploration plans and costs. Wherever possible, words such as “may”, “will”, “should”, “could”, “expect”, “plan”, “intend”, “anticipate”, “believe”, “estimate”, “predict” or “potential” or the negative or other variations of these words, or similar words or phrases, have been used to identify these forward-looking statements. In particular, this release contains forward-looking information relating to, among other things, the Company’s goals and objectives, and future exploration work to be conducted on the Company’s Black Raven Antimony Property. These statements reflect management’s current beliefs and are based on information currently available to management as at the date hereof.

    Forward-looking statements involve significant risk, uncertainties and assumptions. Many factors could cause actual results, performance or achievements to differ materially from the results discussed or implied in the forward-looking statements. These factors should be considered carefully and readers should not place undue reliance on the forward-looking statements. Such factors, among other things, include: exploration results on the Black Raven Antimony Property; the expected benefits to Churchill relating to the exploration proposed to be conducted on its properties; receipt of all regulatory approvals in connection with the transaction contemplated herein; failure to identify any additional mineral resources or significant mineralization; the preliminary nature of metallurgical test results; uncertainties relating to the availability and costs of financing needed in the future, including to fund any exploration programs on the Churchill’s properties, if required; fluctuations in general macroeconomic conditions; fluctuations in securities markets; fluctuations in spot and forward prices of gold, silver, base metals or certain other commodities; change in national and local government, legislation, taxation, controls, regulations and political or economic developments; risks and hazards associated with the business of mineral exploration, development and mining (including environmental hazards, industrial accidents, unusual or unexpected formations pressures, cave-ins and flooding); inability to obtain adequate insurance to cover risks and hazards; the presence of laws and regulations that may impose restrictions on mining and mineral exploration; employee relations; relationships with and claims by local communities and indigenous populations; availability of increasing costs associated with mining inputs and labour; the speculative nature of mineral exploration and development (including the risks of obtaining necessary licenses, permits and approvals from government authorities); the unlikelihood that properties that are explored are ultimately developed into producing mines; geological factors; actual results of current and future exploration; changes in project parameters as plans continue to be evaluated; soil sampling results being preliminary in nature and are not conclusive evidence of the likelihood of a mineral deposit; and title to properties. Although the forward-looking statements contained in this news release are based upon what management believes to be reasonable assumptions, the Churchill cannot assure readers that actual results will be consistent with these forward-looking statements. These forward-looking statements are made as of the date of this news release, and the Churchill assumes no obligation to update or revise them to reflect new events or circumstances, except as required by law. Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/1f527078-103d-4201-8e35-585d165deaef

    The MIL Network –

  • MIL-OSI: ATR Launches Free Logistics Program to Introduce Businesses to Cost-Effective, Secure ITAD Solutions in the Gulf Coast Region and Beyond

    Source: GlobeNewswire (MIL-OSI)

    PENSACOLA, Fla., June 23, 2025 (GLOBE NEWSWIRE) — Advanced Technology Recycling (ATR), a national leader in IT asset disposition (ITAD) and R2v3/RIOS certified electronics recycling, is excited to launch a limited-time complimentary logistics program for qualifying new businesses in the Gulf Coast Region and select surrounding markets. This special offer is part of a strategic initiative to help organizations seamlessly onboard with ATR by reducing upfront transportation costs and providing access to secure, certified services through ATR’s new corporate headquarters and state-of-the-art refurbishment center in Pensacola, Florida.

    This localized campaign demonstrates ATR’s commitment to making secure, sustainable, and cost-effective IT asset management more accessible to new clients in the region. The new program enables organizations throughout the Gulf Coast and surrounding areas to benefit from free pickup and secure transport — a vital bridge to ATR’s expansive national processing network and certified services.

    Local Logistics, Nationwide Strength

    ATR’s company-owned fleet of over 60 assets — from agile cargo vans to fully equipped long-haul semis — is built to handle asset recovery projects of every size, now including mobile on-site shredding services. For a limited time, qualifying businesses can take advantage of free inbound logistics to ATR’s Pensacola headquarters, creating a low-risk, high-value pathway into ATR’s comprehensive suite of ITAD and electronics recycling solutions. This strategic hub offers businesses throughout the Gulf Coast region direct access to certified, secure, and cost-optimized technology lifecycle services.

    “Our free logistics program helps new customers get connected to our secure processing capabilities without upfront transportation costs,” said Brodie Ehresman, Director of Marketing and Strategic Business Development. “This initiative brings the industry’s most secure chain of custody right to your loading dock — making it easier than ever to choose sustainability, while not compromising security.”

    Improving ROI with Fee Management and Profit-Sharing Methodologies

    Beyond our free logistics initiative, ATR offers a variety of fee management solutions that help clients reduce processing costs and maximize their return on retired technology.

    These include, but are not limited to:

    • Transparent profit-sharing programs that maximize returns on resale assets
    • eCommodity programs that reduce cost and pay for pre-sorted non-inventoried scrap materials that meet the minimum requirements.
    • Individual account management and customizable SOW planning
    • Free Access to online client web portal that offers scheduling, reports, and more
    • Cost effective white glove extraction services tailored to fit your needs

    These cost-saving options demonstrate ATR’s commitment to delivering sustainable and secure IT Asset Management (ITAM) services to clients.

    Real-Time Fleet Monitoring for Transparent Chain of Custody

    ATR’s logistics platform utilizes Geotab technology across its entire fleet, enabling unparalleled visibility and proactive communication. Key features include:

    • Live GPS tracking of all shipments
    • Onboard diagnostics, route re-routing, and speed compliance
    • Live video feeds from cargo compartments and driver cabins
    • Geofencing for automated check-in/check-out notifications
    • Full compliance with Electronic Logging Device (ELD) mandates

    Why Choose ATR?

    ATR is a multi-certified, ITAR-registered provider serving a wide range of vertical markets, including but not limited to Aerospace, Defense, and all Federal and State Agencies:

    • 30+ years of experience in IT asset management and electronics recycling
    • R2v3, RIOS, certifications, and GSA Schedule pricing discounts for Government
    • Nationwide processing hubs strategically located throughout the U.S.
    • Pollution Liability and Data Breach Insurance, with COI available upon request
    • Zero data breaches or environmental violations

    ATR’s corporate headquarters in Pensacola is now a cornerstone for delivering regionally optimized services with national reach.

    Not in the Gulf Region? No Worries, ATR has nationwide coverage.  

    While the free logistics program is currently focused on serving businesses throughout the Gulf Coast Region, ATR’s capabilities extend far beyond. If your organization is located outside the region and you have significant volumes of electronics to process or remarket, ATR can still help. Our nationwide fleet of vehicles, strategically stationed across the U.S., offers flexible logistics options. Whether you’re looking to reduce processing costs, liquidate surplus IT assets, or implement a secure chain of custody for enterprise-level refresh cycles, ATR has the resources and expertise to support you, wherever you are.

    Join the Movement Toward Smarter ITAD

    This program offers an opportunity to reduce your total cost of ownership, enhance your sustainability scorecard, and gain access to industry-leading secure processing without the barrier of transportation costs.

    Interested businesses can learn more or request service by visiting www.ATRecycle.com or contacting ATR directly.

    About Advanced Technology Recycling (ATR):
    ATR is a trusted provider of IT asset disposition, electronics recycling, and data destruction services. With over three decades of experience, ATR delivers secure, compliant, and sustainable solutions to clients across all industries. ATR is ITAR registered and maintains R2v3 and RIOS certifications at all our processing centers located in Nevada, Utah, Illinois, Pennsylvania, Alabama, and Texas.

    www.ATRecycle.com

    The MIL Network –

  • MIL-OSI Global: African finance ministers shouldn’t be making bond deals: how to hand over the job to experts

    Source: The Conversation – Africa – By Misheck Mutize, Post Doctoral Researcher, Graduate School of Business (GSB), University of Cape Town

    Eurobonds, debts owed in a foreign currency, have become a quick and attractive way for African countries to borrow money. They are behind a sharp rise in commercial borrowing as a percentage of total external debt: it has nearly doubled from 27% in 2011 to 52% in 2020. This has increased the debt vulnerability of most African countries.

    Recent developments, however, show that most of the bonds have not been structured properly. As a result, African countries are paying way over the odds relative to their sovereign risks.

    Based on my bond price modelling expertise, it is my view that there are two major drivers of the mispricing of African government bonds. They are interlinked.

    Firstly, a lack of expertise in debt management offices, whose job it is to negotiate the terms of any debt deals and to oversee their execution. This is a topic I explored in a recent article.



    Read more:
    African countries are bad at issuing bonds, so debt costs more than it should: what needs to change

    The second factor, which I address here, is that in many African countries, finance ministers have assumed primary responsibility for Eurobond issuance. They engage directly with investment bankers, legal advisors and credit rating agencies.

    In my view they shouldn’t.

    Finance ministers should stay away from debt negotiations because they are political appointees. They operate under incentives tied to electoral cycles, not fiscal sustainability. Their short tenures and desire to fund visible projects often conflict with the long-term nature of sovereign debt obligations.

    They don’t have the necessary expertise to handle the technical complexity required to get the best possible deal, either.

    Simply calling for ministers to step aside would ignore the institutional realities in most African countries. In particular, debt management offices have severe capacity constraints.

    Nevertheless, as global financial conditions tighten and African countries seek to refinance maturing Eurobonds or issue new instruments, the risks of politicised borrowing must be minimised. Ministers should spend their energies on ensuring their debt management offices are well staffed with top quality teams. They should then leave it up to these technical staff to prepare and arrange the financing.

    This would leave room for ministers to manage any disagreements between technical staff and the banks when necessary. And to close the final deal.

    Ministers versus the experts

    Eurobond issuance involves advanced financial engineering – pricing models, investor engagement, covenant structuring and legal compliance across jurisdictions. It takes a deep understanding of capital markets.

    When debt management offices are operating at their best, they are filled with people who have this knowledge. They have a combination of financial market and public policy skills, including debt portfolio management, risk analysis and debt transaction processing.

    In discussions with debt managers at the African Sovereign Debt Conference it’s become clear to me that debt managers are sidelined in the international bond issuance negotiations. They are also sidelined in the execution process, except for administrative support.

    What happens instead is that finance ministers are usually key contacts of the investment bankers. By approaching a minister directly, investment bankers get to close their mandates faster.

    But this minimises due diligence and bypasses internal safeguards. Ministers may not pay attention to complex legal clauses under foreign jurisdictions, details of investor negotiations and fee structures. They may accept unfavourable terms, ignore sustainability assessments and obscure fiscal vulnerabilities in pursuit of political wins and quick disbursements.

    For example, in 2018, Ghana’s then finance minister was internationally lauded for financial stewardship. Ghana was the first African issuer of a longest tenure and a zero-coupon bond. A year later, the country defaulted, suggesting the bond terms weren’t great for the country. The minister nevertheless received several awards as the best and most prudent in Africa.

    There is also the issue of conflicts of interest. When the same actor – in this case the finance minister – proposes, negotiates and approves a debt instrument, the system lacks accountability.

    In many African countries, parliaments, audit institutions and civil society have limited understanding about the technical details of bond agreements. Ministers can easily sideline procurement rules and transparency mechanisms, resulting in non-competitive contracts and opaque fees paid to underwriters and advisors.

    Investment bankers prefer this arrangement as it works in their favour.

    Reforms that are needed

    Before finance ministers can hand over control, debt management offices must be equipped. This requires targeted reforms, including:

    • Capacity building through strategic partnerships: African debt management offices should work with international issuing syndicates and development partners to gain first-hand exposure to structuring, pricing and marketing global bonds.

    • Human capital reforms: Governments must attract and retain highly skilled debt managers by offering competitive pay, professional development opportunities and protection from political interference.

    • Debt management offices must be staffed by dedicated quantitative analysts. They must also be equipped to use real-time market intelligence systems and formal investor relations programmes.

    • Gradual delegation: Authority can be shifted, starting with less complex debt instruments.

    The role of the finance minister must evolve. Ministers should provide strategic leadership: approving borrowing strategies, ensuring alignment with macroeconomic goals, and engaging parliament and the public.

    Their function should shift from operational to institutional oversight and accountability.

    Structural reforms must embed the capacity, autonomy and transparency required for debt management offices to lead effectively.

    In South Africa, for example, the assets and liabilities management division of the National Treasury department manages government’s annual funding programme.

    Professionalising the debt issuance process is not just about avoiding technical mistakes. It’s also about creating resilient institutions that can withstand political turnover. That fosters credibility and long-term access to capital.

    Ministers should remain accountable to the public, and debt management offices must do their work based on technical merit.

    Misheck Mutize is affiliated with the African Union – African Peer Review Mechanism as a Lead Expert on credit ratings

    – ref. African finance ministers shouldn’t be making bond deals: how to hand over the job to experts – https://theconversation.com/african-finance-ministers-shouldnt-be-making-bond-deals-how-to-hand-over-the-job-to-experts-259017

    MIL OSI – Global Reports –

  • MIL-OSI Global: African finance ministers shouldn’t be making bond deals: how to hand over the job to experts

    Source: The Conversation – Africa – By Misheck Mutize, Post Doctoral Researcher, Graduate School of Business (GSB), University of Cape Town

    Eurobonds, debts owed in a foreign currency, have become a quick and attractive way for African countries to borrow money. They are behind a sharp rise in commercial borrowing as a percentage of total external debt: it has nearly doubled from 27% in 2011 to 52% in 2020. This has increased the debt vulnerability of most African countries.

    Recent developments, however, show that most of the bonds have not been structured properly. As a result, African countries are paying way over the odds relative to their sovereign risks.

    Based on my bond price modelling expertise, it is my view that there are two major drivers of the mispricing of African government bonds. They are interlinked.

    Firstly, a lack of expertise in debt management offices, whose job it is to negotiate the terms of any debt deals and to oversee their execution. This is a topic I explored in a recent article.



    Read more:
    African countries are bad at issuing bonds, so debt costs more than it should: what needs to change

    The second factor, which I address here, is that in many African countries, finance ministers have assumed primary responsibility for Eurobond issuance. They engage directly with investment bankers, legal advisors and credit rating agencies.

    In my view they shouldn’t.

    Finance ministers should stay away from debt negotiations because they are political appointees. They operate under incentives tied to electoral cycles, not fiscal sustainability. Their short tenures and desire to fund visible projects often conflict with the long-term nature of sovereign debt obligations.

    They don’t have the necessary expertise to handle the technical complexity required to get the best possible deal, either.

    Simply calling for ministers to step aside would ignore the institutional realities in most African countries. In particular, debt management offices have severe capacity constraints.

    Nevertheless, as global financial conditions tighten and African countries seek to refinance maturing Eurobonds or issue new instruments, the risks of politicised borrowing must be minimised. Ministers should spend their energies on ensuring their debt management offices are well staffed with top quality teams. They should then leave it up to these technical staff to prepare and arrange the financing.

    This would leave room for ministers to manage any disagreements between technical staff and the banks when necessary. And to close the final deal.

    Ministers versus the experts

    Eurobond issuance involves advanced financial engineering – pricing models, investor engagement, covenant structuring and legal compliance across jurisdictions. It takes a deep understanding of capital markets.

    When debt management offices are operating at their best, they are filled with people who have this knowledge. They have a combination of financial market and public policy skills, including debt portfolio management, risk analysis and debt transaction processing.

    In discussions with debt managers at the African Sovereign Debt Conference it’s become clear to me that debt managers are sidelined in the international bond issuance negotiations. They are also sidelined in the execution process, except for administrative support.

    What happens instead is that finance ministers are usually key contacts of the investment bankers. By approaching a minister directly, investment bankers get to close their mandates faster.

    But this minimises due diligence and bypasses internal safeguards. Ministers may not pay attention to complex legal clauses under foreign jurisdictions, details of investor negotiations and fee structures. They may accept unfavourable terms, ignore sustainability assessments and obscure fiscal vulnerabilities in pursuit of political wins and quick disbursements.

    For example, in 2018, Ghana’s then finance minister was internationally lauded for financial stewardship. Ghana was the first African issuer of a longest tenure and a zero-coupon bond. A year later, the country defaulted, suggesting the bond terms weren’t great for the country. The minister nevertheless received several awards as the best and most prudent in Africa.

    There is also the issue of conflicts of interest. When the same actor – in this case the finance minister – proposes, negotiates and approves a debt instrument, the system lacks accountability.

    In many African countries, parliaments, audit institutions and civil society have limited understanding about the technical details of bond agreements. Ministers can easily sideline procurement rules and transparency mechanisms, resulting in non-competitive contracts and opaque fees paid to underwriters and advisors.

    Investment bankers prefer this arrangement as it works in their favour.

    Reforms that are needed

    Before finance ministers can hand over control, debt management offices must be equipped. This requires targeted reforms, including:

    • Capacity building through strategic partnerships: African debt management offices should work with international issuing syndicates and development partners to gain first-hand exposure to structuring, pricing and marketing global bonds.

    • Human capital reforms: Governments must attract and retain highly skilled debt managers by offering competitive pay, professional development opportunities and protection from political interference.

    • Debt management offices must be staffed by dedicated quantitative analysts. They must also be equipped to use real-time market intelligence systems and formal investor relations programmes.

    • Gradual delegation: Authority can be shifted, starting with less complex debt instruments.

    The role of the finance minister must evolve. Ministers should provide strategic leadership: approving borrowing strategies, ensuring alignment with macroeconomic goals, and engaging parliament and the public.

    Their function should shift from operational to institutional oversight and accountability.

    Structural reforms must embed the capacity, autonomy and transparency required for debt management offices to lead effectively.

    In South Africa, for example, the assets and liabilities management division of the National Treasury department manages government’s annual funding programme.

    Professionalising the debt issuance process is not just about avoiding technical mistakes. It’s also about creating resilient institutions that can withstand political turnover. That fosters credibility and long-term access to capital.

    Ministers should remain accountable to the public, and debt management offices must do their work based on technical merit.

    Misheck Mutize is affiliated with the African Union – African Peer Review Mechanism as a Lead Expert on credit ratings

    – ref. African finance ministers shouldn’t be making bond deals: how to hand over the job to experts – https://theconversation.com/african-finance-ministers-shouldnt-be-making-bond-deals-how-to-hand-over-the-job-to-experts-259017

    MIL OSI – Global Reports –

  • MIL-OSI Asia-Pac: Speech by CE at Greenway 2025 – Accelerating Changes (English only) (with photos/video)

    Source: Hong Kong Government special administrative region

         â€‹Following is the speech by the Chief Executive, Mr John Lee, at Greenway 2025 – Accelerating Changes today (June 23):
     
    Your Excellency Ambassador Harvey Rouse (Ambassador and Head of Office of the European Union to Hong Kong), Mr Iñaki Amate (Chair of the European Chamber of Commerce in Hong Kong), consuls-general, heads of chambers, ladies and gentlemen,
     
         Good afternoon. It is a great pleasure to join you, once again, at the Greenway forum, the fourth edition, this year under the theme of “Accelerating Changes”. And, as before, it’s organised by the European Union Office to Hong Kong and Macao, and the European Chamber of Commerce in Hong Kong.
     
         The European Union (EU) has long been one of Hong Kong’s long-standing business partners. Hong Kong takes pride in being home to 1 640 EU (European Union) companies, which makes the EU the largest foreign business community in Hong Kong. Thank you and welcome indeed.
     
         Alongside business, we come together in so many others areas of mutual interest, from education and cultural exchange to innovation and technology pursuits. And, yes, to the environment – to global warming and all the complexities it entails.
     
         Because climate change affects us all, it must involve us all. Each and every one of us.
     
         The World Meteorological Organization’s latest report, published last month, notes that there is a 70 per cent chance that the five-year average warming, for 2025 to 2029, will exceed 1.5 degrees Celsius. That’s up significantly from the 47 per cent chance forecast in its report last year. So from a 47 per cent chance the forecast jumped to 70 per cent.
     
         Allow me, for the next few minutes, to tell you what Hong Kong is doing to work against the universal threat of climate change, and to achieve climate neutrality.
     
         Since Hong Kong reached its carbon peak, in 2014, our carbon emissions have dropped by about a quarter. In 2023, our per capita carbon emissions were about 4.58 tonnes. To put that in perspective, it is 60 per cent of the EU’s emissions, so we aren’t doing too badly, and only one quarter of that of the United States.
     
         Hong Kong is well on its way to cutting its carbon emissions in half by 2035, achieving carbon neutrality before 2050, which is our stated goal.
     
         Last week, we welcomed the news that Hong Kong is once again one of the world’s top three most-competitive economies. We are dedicated to decarbonising this international financial, shipping and trade centre while keeping up with our competitiveness. And we do that by engineering green transformation through innovation.
     
         Hong Kong’s prowess in financial services places us, favourably, in becoming Asia’s premier hub for green and sustainable finance. With our financing platforms, we could help to mobilise the capital for climate solutions, while ensuring robust integrity within our financial markets.
     
         Last year, the total green and sustainable debts issued in Hong Kong exceeded US$84 billion. And the volume of green and sustainable bonds arranged here amounted to US$43 billion. That places us first in the Asian market for seven years in a row, capturing 45 per cent of the region’s total.
     
         Our regulatory framework is fundamental to creating a sustainable finance ecosystem. The Hong Kong Monetary Authority published the Hong Kong Taxonomy for Sustainable Finance last year, aligning our taxonomy with the two mainstream taxonomies of the Mainland and the European Union. Encompassing economic activities in power generation, transportation, construction, and water and waste management, it will facilitate green finance flows and promote sustainable development.
     
         Like our economy, Hong Kong’s resolve to green transformation goes beyond finance. Consider green transport, a transformation moving into the fast lane on our roads. The adoption of electric vehicles has been remarkable.
     
         Just five years ago, Hong Kong was home to about 14 000 electric vehicles. By the end of last year, that number had surged to about 110 000, that’s seven times more.
     
         Today, seven out of every 10 newly registered private cars in our city are electric. That, ladies and gentlemen, is among the highest growth rates in the world.
     
         Vehicles, of course, are only one part of a complex equation. An extensive and convenient charging network is the backbone of any electric vehicle revolution.
     
         Our strategy is people-centric, recognising that the best place to charge is at home or at the workplace. Through our EV-charging at Home Subsidy Scheme, we expect to see charging infrastructure installed in about 140 000 parking spaces in private residential buildings by the 2027-28 financial year. That will enable a smooth and non-disruptive electric vehicle transition for thousands of households.
     
         As for our world-class public transport system, we have unveiled a clear Green Transformation Roadmap for public buses and taxis.
     
         Through targeted subsidy schemes, that will fast-track the introduction of about 600 electric buses and 3 000 electric taxis. We are managing the transition in an orderly manner, using incentives rather than penalties, to ensure that our green ambitions don’t translate into additional costs for passengers.
     
         Our vision for green mobility goes well beyond the road. As one of the world’s premier aviation hubs, we’re looking to the skies, too, to chart the green way to our transport future.
     
         Sustainable Aviation Fuel, or SAF, is critical to the long-term future of air travel. It’s also essential to ensuring Hong Kong’s continuing leadership in aviation.
     
         SAF has the potential to reduce life-cycle carbon emissions by more than 80 per cent compared to conventional jet fuel. The Hong Kong SAR (Special Administrative Region) Government is working closely with the Airport Authority to set a clear target for SAF consumption.
     
         Globally, SAF supply is limited, and the cost remains high. And we see this as an opportunity for Hong Kong to innovate and lead.
     
         We are exploring a range of supply options, including collaborations with enterprises in the Mainland and internationally. Our goal is to establish a stable and competitive regional supply chain for SAF, taking advantage of our unique position within the Guangdong-Hong Kong-Macao Greater Bay Area. It will accelerate the decarbonisation of our aviation industry and provide greener travel options.
     
         Our green ambitions also extend to the iconic Victoria Harbour, a vital artery for our city. Our Pilot Scheme for Electric Ferries will shape the future of maritime transport.
     
         With a commitment of HK$350 million, the Government is subsidising the construction of new electric ferries and their charging infrastructure, allowing operators to test the new green technology in local waters with full support.
     
         The first two of these pioneering vessels are already navigating Victoria Harbour, following rigorous testing.
     
         Beyond the local waters, we are greening the vast shipping lanes that connect Hong Kong to the world. Hong Kong is already a top 10 port for vessel refuelling.
     
         To build on this, we launched an Action Plan on Green Maritime Fuel Bunkering late last year, with the goal of transforming Hong Kong into a leading international centre for green maritime fuel bunkering.
     
         Industry response has been overwhelmingly positive, with key partners worldwide expressing strong interest in developing the services here. Hong Kong will spearhead the global effort in decarbonising shipping and, in doing so, create new economic opportunities. Something my good friend has already said: “Green actually means business.”
     
         When it comes to environmental connectivity, I’m pleased to note that EU companies play an important role in Hong Kong’s waste management and recycling facilities.
     
         And I look forward to the expertise and support of EU companies in the Northern Metropolis, our new engine for growth dedicated to green living, and the area’s long-term green development.
     
         Ladies and gentlemen, Hong Kong has an iconic skyline. It also holds a treasure of having some 40 per cent of its land pulsing as the city’s green lungs, with country parks breathing life into our metropolis, conservation areas cradling biodiversity little seen in other global financial hubs.
     
         This is Hong Kong’s defining paradox: where business and ecology coexist in symphony. For us, economic dynamism and environmental stewardship aren’t just compatible – they’re dual engines propelling our future. We balance development with sustainability. And we will do all we can to work with other places, the EU very much included, on the green way forward.
     
         I look forward to building strong ties with the EU, to finding solutions to climate change, to creating far-reaching opportunities for us all.
     
         My thanks to the organisers, the European Union Office to Hong Kong and Macao and the European Chamber of Commerce in Hong Kong. I’m grateful, too, to today’s supporting organisations – the Business Environment Council, the Consulate General of Sweden and the Hong Kong General Chamber of Commerce.
     
         I am certain you will enjoy today’s Greenway forum, and I look forward to our continuing, rewarding, co-operation in the years to come. Thank you.

    MIL OSI Asia Pacific News –

  • MIL-OSI: BYDFi MoonX Launches Global KOL Recruitment to Accelerate the On-Chain Trading Ecosystems

    Source: GlobeNewswire (MIL-OSI)

    VICTORIA, Seychelles, June 23, 2025 (GLOBE NEWSWIRE) — MoonX, the on-chain MemeCoin trading tool developed by leading crypto exchange BYDFi, today officially launched its Global KOL Recruitment Program. This initiative invites content creators, community leaders, and MemeCoin-savvy influencers to join MoonX as partners in shaping the next phase of Web3 trading.

    Ambassador Program: Growth & Rewards

    MoonX’s Global KOL Recruitment Program offers meme-savvy influencers the opportunity to collaborate with one of Web3’s fastest-growing trading tools. Participants gain access to exclusive creator incentives, including monthly content rewards, support for hosting online events with token prizes, and opportunities to represent MoonX at global industry conferences. Top performers may be invited to join long-term ambassador roles with revenue-sharing or token-based incentives. MoonX also regularly recognizes outstanding creators with additional rewards based on creativity and community impact.

    This program is designed for creators who want to expand their presence in Web3, build professional ties with an emerging DEX-native product, and help shape the next phase of decentralized MemeCoin trading.

    For more details about the program: https://www.bydfi.com/en/activities/detail?id=1142427593824681985

    How Creators Support MoonX’s Mission

    MoonX isn’t just looking for promoters—it’s inviting partners. The campaign welcomes creators who are excited to educate, engage, and empower the MemeCoin trading community. Whether it’s publishing explainers, hosting AMAs, sharing analysis, or spotlighting hidden gems, selected KOLs are expected to help new users discover and navigate MoonX’s advanced trading tools. The goal is to drive community-led growth that brings visibility and credibility to the dynamic landscape of MemeCoin trading.

    MoonX Feature Updates

    To better serve its active trading community, MoonX has recently introduced two advanced features:

    • Bubble Map: A dynamic visual interface that maps trending MemeCoins using real-time data on volume and price action. Tokens appear as bubbles sized and colored by momentum indicators, helping traders quickly identify capital flows and spot breakout assets.
    • Telegram Signal Bot: A multilingual alert system that pushes timely updates on-chain signals, major wallet movements, and new token activity. Users can choose between high-frequency and low-frequency modes to match their trading pace and information needs.

    These new tools provide traders with a quicker and more precise read on the MemeCoin market, enabling them to act with confidence as opportunities emerge. MoonX will continue to add features to help users stay ahead in the fast-paced on-chain arena.

    How MoonX Powers BYDFi’s On-Chain Vision

    MoonX is a critical part of BYDFi’s CEX + DEX dual-engine model. While BYDFi delivers speed and stability through centralized infrastructure, MoonX enhances user access to decentralized trading by offering improved visibility, live trading intelligence, and early discovery of market trends. By analyzing on-chain activity and surfacing token movements directly from DEX liquidity pools, MoonX equips traders with the tools to move faster and respond with clarity and precision.

    As crypto trading matures, the fusion of CEX performance and DEX transparency is no longer optional—it’s essential. We believe the real innovation lies in combining the speed and liquidity of centralized platforms with the transparency and security of on-chain systems, said Michael, Co-founder & CEO of BYDFi. MoonX is built on that principle, helping traders navigate the decentralized market with sharper tools and faster execution.

    With the launch of its KOL recruitment and feature expansion, MoonX is reinforcing its mission: to be the go-to trading tool for MemeCoin hunters, while powering a broader movement toward smarter, community-driven crypto trading.

    About BYDFi

    Founded in 2020, BYDFi now serves a community of 1,000,000+ users across more than 190 countries and regions. Recognized by Forbes as one of the Best Crypto Exchanges & Apps for Beginners of 2025, BYDFi offers a full range of trading services—from spot and perpetual contracts to copy trading, automated bots, and on-chain tools—empowering both new and seasoned traders to explore the digital asset space with confidence.

    BYDFi is committed to providing a world-class crypto trading experience for every user.

    BUIDL Your Dream Finance.

    • Website: https://www.bydfi.com
    • Support email: cs@bydfi.com
    • Business partnerships: bd@bydfi.com
    • Media inquiries: media@bydfi.com

    Twitter( X ) | LinkedIn | Telegram | YouTube | How to Buy on BYDFi

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/28be3023-908e-45ca-8a07-3f630d49d803

    The MIL Network –

  • MIL-OSI Africa: African finance ministers shouldn’t be making bond deals: how to hand over the job to experts

    Source: The Conversation – Africa – By Misheck Mutize, Post Doctoral Researcher, Graduate School of Business (GSB), University of Cape Town

    Eurobonds, debts owed in a foreign currency, have become a quick and attractive way for African countries to borrow money. They are behind a sharp rise in commercial borrowing as a percentage of total external debt: it has nearly doubled from 27% in 2011 to 52% in 2020. This has increased the debt vulnerability of most African countries.

    Recent developments, however, show that most of the bonds have not been structured properly. As a result, African countries are paying way over the odds relative to their sovereign risks.

    Based on my bond price modelling expertise, it is my view that there are two major drivers of the mispricing of African government bonds. They are interlinked.

    Firstly, a lack of expertise in debt management offices, whose job it is to negotiate the terms of any debt deals and to oversee their execution. This is a topic I explored in a recent article.

    Read more: African countries are bad at issuing bonds, so debt costs more than it should: what needs to change

    The second factor, which I address here, is that in many African countries, finance ministers have assumed primary responsibility for Eurobond issuance. They engage directly with investment bankers, legal advisors and credit rating agencies.

    In my view they shouldn’t.

    Finance ministers should stay away from debt negotiations because they are political appointees. They operate under incentives tied to electoral cycles, not fiscal sustainability. Their short tenures and desire to fund visible projects often conflict with the long-term nature of sovereign debt obligations.

    They don’t have the necessary expertise to handle the technical complexity required to get the best possible deal, either.

    Simply calling for ministers to step aside would ignore the institutional realities in most African countries. In particular, debt management offices have severe capacity constraints.

    Nevertheless, as global financial conditions tighten and African countries seek to refinance maturing Eurobonds or issue new instruments, the risks of politicised borrowing must be minimised. Ministers should spend their energies on ensuring their debt management offices are well staffed with top quality teams. They should then leave it up to these technical staff to prepare and arrange the financing.

    This would leave room for ministers to manage any disagreements between technical staff and the banks when necessary. And to close the final deal.

    Ministers versus the experts

    Eurobond issuance involves advanced financial engineering – pricing models, investor engagement, covenant structuring and legal compliance across jurisdictions. It takes a deep understanding of capital markets.

    When debt management offices are operating at their best, they are filled with people who have this knowledge. They have a combination of financial market and public policy skills, including debt portfolio management, risk analysis and debt transaction processing.

    In discussions with debt managers at the African Sovereign Debt Conference it’s become clear to me that debt managers are sidelined in the international bond issuance negotiations. They are also sidelined in the execution process, except for administrative support.

    What happens instead is that finance ministers are usually key contacts of the investment bankers. By approaching a minister directly, investment bankers get to close their mandates faster.

    But this minimises due diligence and bypasses internal safeguards. Ministers may not pay attention to complex legal clauses under foreign jurisdictions, details of investor negotiations and fee structures. They may accept unfavourable terms, ignore sustainability assessments and obscure fiscal vulnerabilities in pursuit of political wins and quick disbursements.

    For example, in 2018, Ghana’s then finance minister was internationally lauded for financial stewardship. Ghana was the first African issuer of a longest tenure and a zero-coupon bond. A year later, the country defaulted, suggesting the bond terms weren’t great for the country. The minister nevertheless received several awards as the best and most prudent in Africa.

    There is also the issue of conflicts of interest. When the same actor – in this case the finance minister – proposes, negotiates and approves a debt instrument, the system lacks accountability.

    In many African countries, parliaments, audit institutions and civil society have limited understanding about the technical details of bond agreements. Ministers can easily sideline procurement rules and transparency mechanisms, resulting in non-competitive contracts and opaque fees paid to underwriters and advisors.

    Investment bankers prefer this arrangement as it works in their favour.

    Reforms that are needed

    Before finance ministers can hand over control, debt management offices must be equipped. This requires targeted reforms, including:

    • Capacity building through strategic partnerships: African debt management offices should work with international issuing syndicates and development partners to gain first-hand exposure to structuring, pricing and marketing global bonds.

    • Human capital reforms: Governments must attract and retain highly skilled debt managers by offering competitive pay, professional development opportunities and protection from political interference.

    • Debt management offices must be staffed by dedicated quantitative analysts. They must also be equipped to use real-time market intelligence systems and formal investor relations programmes.

    • Gradual delegation: Authority can be shifted, starting with less complex debt instruments.

    The role of the finance minister must evolve. Ministers should provide strategic leadership: approving borrowing strategies, ensuring alignment with macroeconomic goals, and engaging parliament and the public.

    Their function should shift from operational to institutional oversight and accountability.

    Structural reforms must embed the capacity, autonomy and transparency required for debt management offices to lead effectively.

    In South Africa, for example, the assets and liabilities management division of the National Treasury department manages government’s annual funding programme.

    Professionalising the debt issuance process is not just about avoiding technical mistakes. It’s also about creating resilient institutions that can withstand political turnover. That fosters credibility and long-term access to capital.

    Ministers should remain accountable to the public, and debt management offices must do their work based on technical merit.

    – African finance ministers shouldn’t be making bond deals: how to hand over the job to experts
    – https://theconversation.com/african-finance-ministers-shouldnt-be-making-bond-deals-how-to-hand-over-the-job-to-experts-259017

    MIL OSI Africa –

  • MIL-OSI United Kingdom: £380 million boost for creative industries to help drive innovation, regional growth and investment

    Source: United Kingdom – Executive Government & Departments

    Press release

    £380 million boost for creative industries to help drive innovation, regional growth and investment

    Thousands of creative professionals and businesses across the UK are set to benefit from a new £380 million investment package as part of the Creative Industries Sector Plan.

    • £380 million in targeted funding to support innovation, access to finance, R&D, skills and regional growth across the UK as part of Creative Industries Sector Plan

    • Sector Plan set to nearly double business investment in creative industries to £31 billion by 2035 with 2,000 new film and TV apprenticeships to be delivered

    • Comes as part of Industrial Strategy which sets out government’s ten-year plan to make the UK the best place to do business and unlock growth as part of the Plan for Change

    • New Creative Content Exchange will be a marketplace to sell, buy, license and enable permitted access to digitised cultural and creative assets

    From grassroots music venues to world-class film studios, thousands of creative professionals and businesses across the UK are set to benefit from a new £380 million investment package.

    The investment underpins the Creative Industries Sector Plan, which sets out a clear direction on how the Government aims to build a sector that drives regional growth, is financially resilient and is globally competitive.

    Published alongside the Government’s Industrial Strategy today (23 June), the plan outlines a bold vision to nearly double business investment in the sector by 2035 – from £17 billion to £31 billion – cementing the UK’s position as a global creative superpower.

    The £380 million package is part of the wider plan to deliver targeted investment to create thousands of new jobs and opportunities in sub-sectors like film and TV, music, performing and visual arts, video games and advertising, while generating economic growth in six regions outside London over the next three years.

    The wider plan also includes a significant increase in support available from the British Business Bank (BBB), as part of its £4 billion Industrial Strategy Growth Capital, which will help creative businesses grow and create jobs.

    The Sector Plan aims to make the UK the best place globally to invest in creativity and drive innovation and tech adoption by 2035, with targeted support for:

    • A £150 million Creative Places Growth Fund for six regions outside London, empowering local Mayors to support creative businesses in their communities with access to finance, mentoring and networking opportunities to help them connect with investors and skills programmes. 
    • At least £50 million for a new wave of Creative Industries Clusters across the UK to accelerate research and development, doubling investment from UK Research and Innovation (UKRI) in clusters to £100 million. Clusters bring together universities, businesses, local and regional policymakers, and private funders to drive research, innovation and growth in the creative industries.
    • £25 million for five new innovative UKRI CoSTAR R&D labs and two showcase spaces, which will develop cutting-edge technologies like those used in Abba Voyage and award-winning theatre productions such as last year’s Olivier Award-winning stage adaptation of The Picture of Dorian Gray.

    Building on the Government’s commitment to ensure a robust copyright regime and support UK IP, the plan includes the establishment of a Creative Content Exchange. It will act as a trusted marketplace for selling, buying, licensing and enabling permitted access to digitised cultural and creative assets, opening up new revenue streams for content owners.

    The industry plan responds directly to what the sector has said it needs – better access to finance, stronger skills pipelines, and support for innovation – and lays out a roadmap to deliver it.

    This includes upskilling the next generation of creative talent through a £10 million investment in the National Film and Television School (NFTS) which will help to train 2,000 new trainees and apprentices over the next decade – backed by industry giants such as the Walt Disney Company, the Dana and Albert R. Broccoli Foundation, and Sky.

    The investment will also go towards a new £9 million creative careers service, which will help raise awareness of opportunities and provide pathways into the sector for young people. 

    The UK’s leading creative industries, recognised across the world, are a major driver of economic growth as part of the Plan for Change – driving in £124 billion a year to our economy and employing 2.4 million people across the UK. Over the last decade the sector has increased its output more than one and a half times faster than the rest of the economy.                  

    Culture Secretary Lisa Nandy said:

    Our creative industries are powerful economic drivers in this country. By placing them at the heart of our Industrial Strategy this Sector Plan, backed by £380 million of investment, will boost regional growth, stimulate private investment, and create thousands more high-quality jobs.

    This Sector Plan will help nearly double business investment to £31 billion by 2035, supporting our mission to raise living standards everywhere as part of our Plan for Change, ensuring the UK remains the world’s creative powerhouse.

     Business and Trade Secretary Jonathan Reynolds said:

    The UK’s creative industries are world-leading and have a huge cultural impact globally, which is why we’re championing them at home and abroad as a key growth sector in our Modern Industrial Strategy.

    We’ve seen the power of investment, with this Government welcoming around £100 billion into the UK since taking office, and our Strategy will not only ensure that the UK is the best country to invest and do business in, but deliver economic growth that puts more money in people’s pockets.

    Sir Peter Bazalgette, Co-Chair, Creative Industries Council, said: 

    This ambitious plan for growth represents a coming of age for the creative sector. Crucially the plans for R&D funding and Access to Finance for SMEs are exciting step changes.

    Baroness Shriti Vadera, co-chair of the Creative Industries Council, said: 

    This strategy recognises that the UK Creative Industries are one of the most innovative sectors in the UK economy and have a strong comparative advantage internationally. The work now begins to cement their role as a driver of growth and a global creative super power.

    The investment also includes tailored packages for high-growth sub-sectors through:

    • A £75 million Screen Growth Package supporting UK content development and international investment, and showcasing the best of UK and international film. This includes an enlarged UK Global Screen Fund and scaled-up BFI Film Academy to support 16–25 year olds from underrepresented backgrounds to enter the film industry.
    • A Music Growth Package worth up to £30 million, helping emerging artists break through at home and abroad. Measures will create new touring, performance, mentoring and export opportunities for emerging talent, while also delivering a significant uplift in funding for the grassroots sector to support small venues and help them to platform more high-potential artists.
    • A £30 million Video Games Growth Package, backing the next generation of start-up games studios and developers. This will drive inward investment in the sector through expansion of the UK Games Fund (UKGF) as well as new support for the London Games Festival.

    The Sector Plan also includes support for emerging fashion designers through the British Fashion Council’s NEWGEN programme, to help them showcase their work at London Fashion Week and secure business mentoring.

    The Creative Industries Sector Plan maps out in detail how the Government will support the sector to grow even further over the next decade through a focus on boosting regional growth, innovation, access to finance, skills and exports.

    It will also see the Department for Business and Trade ramp up the number of creative trade missions and markets it targets, such as in the Asia-Pacific. Funding will be increased for major creative trade shows such as SXSW and Cannes Lions.

    The Sector Plan was developed in partnership with the Creative Industries Taskforce, Creative Industries Council, businesses, devolved governments, and regional stakeholders. It builds on the recent £270 million Arts Everywhere Fund supporting cultural venues across the nation.

    ENDS

    Notes to editors:

    • The full Creative Industries Sector Plan can be found here.
    • The British Business Bank (BBB) is a state-owned economic development bank established by the UK Government. Its aim is to increase the supply of credit to small and medium-sized businesses and provide business advice services.
    • The BBB has significantly increased its support for the creative industries as part of its £4 billion Industrial Strategy Growth Capital, including through support with debt and equity finance. 
    • The new £150 million Creative Places Growth Fund will be devolved to six Mayoral Strategic Authorities: West Midlands, West of England, West Yorkshire, the North East, Liverpool City Region and Greater Manchester. 
    • CoSTAR labs and the Creative Industries Clusters are delivered by the UKRI Arts and Humanities Research Council.
    • The new Music Growth Package worth up to £30 million follows the Government advocating for an industry-led levy on stadium and arena tickets to support grassroots music. 
    • The establishment of a Creative Content Exchange will act as a trusted marketplace for selling, buying, licensing and enabling permitted access to digitised cultural and creative assets. This new marketplace will open up new revenue streams and allow content owners to commercialise and financialise their assets while providing data users with ease of access.
    • The Sector Plan follows the Government’s recent announcement of more than £270 million that will be invested in arts venues, museums, libraries and heritage buildings as part of the Arts Everywhere Fund, to help organisations in need of support to stay up and running, carry out vital infrastructure work and improve their financial resilience.

    Further quotes

    Caroline Norbury, Chief Executive, Creative UK, said:

    The Sector Plan signals that the creative industries are central to the UK’s growth story. From freelancers to scale-ups, this is a step towards the joined-up support our sector needs – and Creative UK stands ready to work with government and industry partners to turn ambition into action. 

    As we move into delivery mode, it’s essential that all parts of the sector – from cultural organisations to creative tech firms – are empowered to grow, invest and contribute fully to the UK’s economic future.

    Ben Roberts, Chief Executive, BFI, said:

    We welcome the Government’s decision to put the creative industries at the centre of its growth strategy. The UK’s screen sector is already a global leader, generating billions for the economy and pioneering new ideas. 

    With a firm focus on developing the sector across the UK, this investment can unlock fresh opportunities – from growing the sector’s talent pool and strengthening creative clusters nationwide, to opening new international markets for UK screen businesses and advancing creative technology innovation, including the CoSTAR work which the BFI is proud to be a partner on.

    UK Music Chief Executive Tom Kiehl said:

    UK Music welcomes the Government’s creative industries sector plan and the important status that it gives to music. The plan rightly recognises our world-beating £7.6 billion music sector as an essential high growth driving part of the creative industries.

    It is hugely welcome that funding packages and programmes are being made available to turbocharge the music industry and we are incredibly excited at the opportunity to be working with the Government to deliver on this.

    Barbara Broccoli, EON Productions, said:

    I’m thrilled the Government is joining forces with the National Film and Television School as part of its Industrial Strategy. The NFTS is a world-class institution that has trained some of the most talented members of our industry and I’m especially pleased this investment will focus on much needed support for persons with disabilities.

    Cecile Frot-Coutaz, CEO, Sky Studios and Chief Content Officer, Sky, said:

    Sky is proud to support the National Film and Television School’s expansion plans and growth ambitions, as part of the Government’s Industrial Strategy. As one of the world’s leading institutions for film, television and games, the NFTS plays a vital role in developing the UK’s creative talent. Our investment underscores our commitment to skills development and sector growth, and we’re excited to see future generations benefit from the school’s outstanding work.

    Jon Wardle, Director, National Film and Television School, said:

    The real world impact of the Sector Plan in action will be felt through the NFTS’s expanded ability to train world-class, diverse talent and fuel growth in a sector where the UK is a global leader. In a challenging climate for the creative industries, the support from the government isn’t just welcome, it’s strategic.  This investment in the NFTS reinforces a commitment to skills, innovation, and the long-term future of the creative economy.

    Wayne Garvie, President International Production, Sony Pictures Television, said:

    The NFTS is an unparalleled training ground for British creativity and it’s wonderful that the Government both recognises the importance of the film and television sector in its Industrial Strategy and the role the NFTS plays in developing the next generation of great British creative talent.

    Darren Henley, Chief Executive, Arts Council England, said:

    Ambition, excellence and innovation are the golden threads that run through the work of our artists, musicians, dancers, actors, writers, directors and producers. It’s what we’re famous for here at home and on the international stage. This new plan highlights the breadth and brilliance of our nation’s creative professionals and cultural organisations. It provides a roadmap for supercharging the growth of our sector and for nurturing the next generation of British talent, creating jobs across the country and delighting audiences here and around the globe.

    Andrew Georgiou, President & Managing Director for Warner Bros. Discovery UK & Ireland and Warner Bros. Discovery Sports Europe, said:

    We welcome this announcement confirming the government’s commitment to invest £375 million to turbocharge the UK’s creative industries. Their mission to drive growth across the country, unlocking new jobs and enabling talent to thrive in every nation and region, strongly resonates with Warner Bros. Discovery. 

    We have a proud UK heritage – present for over 90 years, with a significant employee base which extends North to South across 5 cities. The UK is our biggest base outside of the US and, in our view, one of the best places in the world to do business. We remain committed to the UK and our ambition to grow and strengthen our sector and welcome the government’s announcement to do this. We look forward to a continued and productive relationship between Government and the industry.” 

    Alison Lomax, Managing Director for YouTube UK & Ireland, said: 

    We welcome the Creative Industries Sector Plan’s commitment to a robust framework for creatives across the UK. It’s particularly encouraging to see the government acknowledge the digital creator economy’s vital role in driving growth for our creative industries. By embracing new distribution models that boost our cultural exports, this vision will solidify the UK’s position as a global cultural superpower.

    Nick Poole OBE, Chief Executive, Ukie, said:

    On behalf of the UK’s world-leading video game and interactive entertainment sector, we welcome the measures set out today by the Government to supercharge our Creative Industries as part of the Industrial Strategy. Today’s announcement is both a validation of the huge cultural and economic impact of video games and an opportunity to show the world we are open for business.” 

    Stephen Woodford, CEO, Advertising Association, said:

    Our industry welcomes the recognition of advertising as a priority sector for growth in the Creative Industries Sector Plan – we are a world leader in creativity as proven by our successful performance once again at Cannes Lions this year. 

    This strategy is a platform for growth for the next decade across our regions and nations. We welcome the incentives to attract new talent to join our industry, and we commit to working together to strengthen work that helps businesses innovate, compete in the UK and internationally, and create jobs.

    Professor Christopher Smith, UKRI Creative Industries Champion, and Executive Chair of the UKRI Arts and Humanities Research Council, said:

    The creative industries are a powerful engine for growth in the UK economy but they are also vital for scientific advance. This Spending Review commits UKRI to a coherent and concerted strategic investment, from the UK’s national capability for the creative industries, CoSTAR, to the Creative Industries Clusters Programme and beyond.

    The deep synergies between creative content and the most cutting-edge science in universities and R&D intensive businesses across the UK place creative industries at the heart of UKRI’s commitment to excellent science for a growing economy.

    Professor Hasan Bakhshi MBE, Director of the Creative Industries Policy and Evidence Centre and Professor of Economics of the Creative Industries at Newcastle University, said:

    Today’s new Sector Plan for the creative industries sets out the Government’s priorities for the next 10 years, and the Creative PEC – thanks to our funder, the AHRC – stands ready to provide policymakers and industry with the data and evidence they need to enact it. 

    The commitment to increase public investment in creative industries R&D is especially important, alongside the prioritisation of the sector by the British Business Bank. Also welcome is HMRC’s clarification that arts activities that directly contribute to scientific advance by resolving scientific or technological uncertainties fall within the definition of R&D for R&D tax reliefs. Together these measures should have a catalytic effect in driving more private finance into the sector.

    Mel Sullivan, Chief Executive, Framestore, said:

    The UK is home to highly skilled and exceptionally creative artists, technologists, and thinkers who push the boundaries of what’s possible. The Creative Industries Sector Plan is a powerful show of support to those working in visual effects, film, TV, advertising, and immersive experiences. It will release unlocked potential and open doors to a new wave of talent across the country, giving them the confidence to build their skills, ideas, and innovations here, cementing the UK’s position as a global leader for years to come.

    Updates to this page

    Published 23 June 2025

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: expert reaction to the R&D elements of the Industrial Strategy

    Source: United Kingdom – Executive Government & Departments

    Scientists comment on R&D elements of the Industrial Strategy, published by the Department for Business and Trade. 

    Prof Siddharthan Chandran, Director of the UK Dementia Research Institute, said: 

    “Today’s Industrial Strategy is an important milestone in delivering an internationally competitive package that realises the UK’s potential as a global leader in research and innovation. 

    “The plan rightly demonstrates a strong commitment to long-term investment that will make the most of UK innovations, driving growth across the country. It is right that we forge ahead and double down on our backing for R&D by creating the most attractive environment for innovative research. At the UK Dementia Research Institute, we know that a globally competitive system which supports academic-industry partnerships and spinouts is the way to build a culture of translating research into health and wealth impact. This is about building capacity, recruiting and retaining talent, attracting investment, and accelerating delivery for people living with dementia. 

    “We look forward to seeing this built on in the upcoming Life Sciences Sector Plan and 10 Year Health Plan. By harnessing the UK’s scientific excellence and NHS research capability we can deliver growth for the economy and build toward a future of healthy brain ageing for all.”

    Dr Hayaatun Sillem CBE, Chief Executive of the Royal Academy of Engineering, said:

    “We are delighted to see the announcement of new skills packages for tech, engineering and defence, recognising that the Industrial Strategy’s objectives simply cannot be delivered without a significant boost to investment in our engineering and tech talent base. These packages provide a much-needed opportunity for government to take a holistic view of the rapidly changing skills landscape, and to work with partners across industry and professional bodies to make sure the UK tackles its longstanding skills and diversity deficits in these crucial areas. Today is International Women in Engineering Day – a reminder that we still have much to do to deliver equitable participation in these high-value jobs, and better outcomes for people from all parts of the UK.

    “The Royal Academy of Engineering looks forward to supporting government in taking forward these recommendations, including through our new Skills Centre. We also welcome the publication of the Technology Adoption Review and hope that this will result in meaningful action to increase the capacity of the UK’s industrial base and public sector to deploy existing technologies at the scale and pace demanded in today’s tech-driven world.”

    ‘The UK’s Modern Industrial Strategy’ was published by the Department for Business and Trade at 9am UK time on Monday 23rd June 2025.

    https://www.gov.uk/government/publications/industrial-strategy

     

    Declared interests

    The nature of this story means everyone quoted above could be perceived to have a stake in it. As such, our policy is not to ask for interests to be declared – instead, they are implicit in each person’s affiliation.

    MIL OSI United Kingdom –

  • MIL-OSI: Llyodstern Establishes New Standards in Digital Business Solutions

    Source: GlobeNewswire (MIL-OSI)

    LONDON, June 23, 2025 (GLOBE NEWSWIRE) — Llyodstern.com, a tech company based in London, is changing how businesses work online. The company has built a simple platform that helps people make better business decisions without all the usual headaches.

    Making Business Easier

    Llyodstern created the platform that lets businesses access different markets around the world. It doesn’t matter if you’re running a small shop or a big company – their tools are designed to be easy to use for everyone.

    Their system almost never stops working. It’s up and running 99.99% of the time, so you can really rely on it when you’re busy. You won’t have to stress about the website going down when you’re trying to do something important.

    “We just wanted to build something that actually helps people,” says someone from the company. “Most platforms are either too confusing or too basic. We tried to make something right in the middle.”

    Wide Range of Business Opportunities

    Through their platform, users can explore over 3,000 different business opportunities. This includes regular company stocks, things like gold and oil, different currencies, and even newer digital stuff like Bitcoin and Ethereum. They have more than 60 different digital options to choose from.

    You can also keep track of big market indicators like the S&P 500 and NASDAQ. Even smaller businesses can get involved in markets that used to be only for big companies.

    Multiple Ways to Access the Platform

    People like to work in different ways, so Llyodstern gives you options. They have a phone app so you can check things while you’re out and about. Perfect for busy people who can’t always be at their computer.

    If you want more detailed charts and analysis, they give you all the advanced tools. But if you just want something simple, their WebTrader works right in your web browser – no need to download anything.

    Help with Retirement Planning

    Llyodstern teamed up with a company called EBROKING to help people manage their retirement money. This partnership makes it easier for people to handle their own retirement funds and gives them access to special bank accounts that work together smoothly.

    It’s especially helpful because it takes care of a lot of the boring paperwork stuff automatically.

    Safe and Secure

    The company follows strict rules and is watched over by financial authorities in Switzerland and works with Interactive Brokers. This means your money and information are protected by the same rules that banks have to follow.

    They also have security systems running 24/7 to watch for any problems and help you avoid them before they happen.

    Global Reach, Local Support

    Llyodstern gets that businesses today are global. That’s why they’ve made sure their customer support speaks many languages and that their platform works for different regions. They cover big markets in Europe, America, and Asia, so you can really think big, even if you’re operating right where you are.

    Their support team is always ready to help, whether you’re new or have some tough questions. They just want to make sure you’re getting the best out of the platform.

    Smart Ways to Handle Risks

    One thing Llyodstern really shines at is managing risk. Their platform has these great tools that help you spot potential problems and make smarter choices. Instead of leaving you to figure things out on your own, the system actually guides you and gives you early warnings when the market starts shifting.

    This approach means businesses can stay ahead of problems, rather than just reacting once things go wrong.

    Steady Growth, Dependable Service

    While a lot of tech companies try to grow super fast, Llyodstern has taken a different route. They’re all about steady, sustainable growth so they never have to cut corners on the service their current clients get. Plus, they test new features really carefully before putting them out there, making sure everything works perfectly from day one.

    This careful way of doing things has built a lot of trust with their clients. Many have been with the company for years and often tell others about them.

    About Llyodstern

    Llyodstern.com is a digital company from London that makes tools to help businesses manage their operations in today’s world. They work with all sorts of clients, from people just starting their own business to very large companies, giving them easy and reliable ways to find business chances all over the globe.

    Llyodstern cares about security, staying compliant, and supporting their customers. That’s why they’ve become a trusted partner for businesses looking to grow and make smarter decisions in today’s connected world.

    Contact Info:

    Want to know more? Just visit their website or send them a message.

    Disclaimer: This press release is provided by Llyodstern. The statements, views, and opinions expressed are solely those of the provider and do not necessarily reflect those of this media platform or its publisher. Any names or brands mentioned are used for identification purposes only and remain the property of their respective owners. No endorsement or guarantee is made regarding the accuracy, completeness, or reliability of the information presented. This material is for informational purposes only and does not constitute financial, legal, or professional advice. Readers are encouraged to conduct independent research and consult qualified professionals. The publisher is not liable for any losses, damages, or legal issues arising from the use or publication of this content.

    The MIL Network –

  • MIL-OSI United Kingdom: Powering Britain’s Future

    Source: United Kingdom – Executive Government & Departments

    Press release

    Powering Britain’s Future

    Electricity costs for businesses – including potentially hundreds in Scotland – to be slashed as Industrial Strategy launched to unlock investment and new jobs

    More than 7,000 British businesses are set to see their electricity bills slashed by up to 25% from 2027, as the Government unveils its bold new Industrial Strategy today [Monday 23 June].

    The modern Industrial Strategy sets out a ten-year plan to boost investment, create good skilled jobs and make Britain the best place to do business by tackling two of the biggest barriers facing UK industry – high electricity prices and long waits for grid connections.

    British manufacturers currently pay some of the highest electricity prices in the developed world while businesses looking to expand or modernise have faced delays when it comes to connecting to the grid.

    For too long these challenges have held back growth and made it harder for British firms to compete. Today’s announcement marks a decisive shift — with government stepping in to support industry and unlock the UK’s economic potential.

    From 2027, the new British Industrial Competitiveness Scheme will reduce electricity costs by up to £40 per megawatt hour for over 7,000 electricity-intensive businesses in manufacturing sectors like automotive, aerospace and chemicals. Hundreds of Scottish businesses could be in line to benefit.

    These firms, which support over 300,000 skilled jobs, will be exempt from paying levies such as the Renewables Obligation, Feed-in Tariffs and the Capacity Market — helping level the playing field and make them more internationally competitive. Eligibility and further details on the exemptions will be determined following consultation, which will be launched shortly.

    The government is also increasing support for the most energy-intensive firms — like steel, chemicals, and glass — by covering more of the electricity network charges they normally have to pay through the British Industry Supercharger. These businesses currently get a 60% discount on those charges, but from 2026, that will increase to 90%. This means their electricity bills will go down, helping them stay competitive, protect jobs, and invest in the future.

    This will help around 500 eligible businesses in sectors such as steel, ceramics and glass reduce their costs and protect jobs in industries that are the backbone of our economy and will be delivered at no additional cost to the taxpayer. The support for steel manufacturing is crucial as it’s a critical enabling industry for Scotland’s world leading defence and renewable energy sectors.

    These reforms complement the government’s long-term mission for clean power, which is the only way to bring down bills for good by ending the UK’s dependency on volatile fossil fuel markets.

    To ensure businesses can grow and hire without delay, the government will also deliver a new Connections Accelerator Service to streamline grid access for major investment projects — including prioritising those that create high-quality jobs and deliver significant economic benefits.

    We will work closely with the energy sector, local authorities, Scottish and Welsh Governments, trade unions, and industry to design this service, which we expect to begin operating at the end of 2025. New powers in the Planning and Infrastructure Bill, currently before parliament, could also allow the Government to reserve grid capacity for strategically important projects, cutting waiting times and unlocking growth in key sectors.

    The Industrial Strategy is a 10-year plan to promote business investment and growth and make it quicker, easier and cheaper to do business in the UK, giving businesses the confidence to invest and create 1.1 million good, well-paid jobs in thriving industries – delivering on this government’s Plan for Change.

    Prime Minister Keir Starmer said:

    This Industrial Strategy marks a turning point for Britain’s economy and a clear break from the short-termism and sticking plasters of the past.

    In an era of global economic instability, it delivers the long term certainty and direction British businesses need to invest, innovate and create good jobs that put more money in people’s pockets as part of the Plan for Change.

    This is how we power Britain’s future – by backing the sectors where we lead, removing the barriers that hold us back, and setting out a clear path to build a stronger economy that works for working people. Our message is clear – Britain is back and open for business.

    Scottish Secretary Ian Murray today visited a new industrial development in East Lothian, on the site of a former coal-fired power station. The redevelopment site is partly funded by an £11 million UK Government investment, and includes the construction of a new interconnecter to take power from the Inchcape offshore wind farm to the National Grid. 

    Also joint Department for Business and Trade/HM Treasury Minister for Investment, Baroness Poppy Gustafsson, will meet senior figures from Dundee’s life sciences and tech, gaming, and creative sectors later. 

    Speaking ahead of his visit Mr Murray said:

    Scotland is rightly at the heart of the UK Government’s Industrial Strategy with our businesses and expertise integral to further creating jobs and economic growth through the eight sectors identified.

    Advanced manufacturing, clean energy, creative Industries, defence, digital and technologies, financial services, life sciences and professional and business services, Scotland excels at them all. But we have the potential to go much further. And by slashing electricity costs for Scottish businesses, increasing business investment and cutting red tape the UK Government is helping turbocharge the economy, create jobs and put more money in the pockets of working Scots as part of our Plan for Change.

    We have a proud industrial heritage and with this new comprehensive 10 year strategy Scotland and the wider UK has an exciting future.

    Chancellor of the Exchequer Rachel Reeves said:

    The UK has some of the most innovative businesses in the world and our Plan for Change has provided them with the stability they need to grow and for more to be created.

    Today’s Industrial Strategy builds on that progress with a ten-year plan to slash barriers to investment. It’ll see billions of pounds for investment and cutting-edge tech, ease energy costs, and upskill the nation. It will ensure the industries that make Britain great can thrive. It will boost our economy and create jobs that put more money in people’s pockets.

    Business and Trade Secretary Jonathan Reynolds said:

    We’ve said from day one Britain is back in business under this government, and the £100 billion of investment we’ve secured in the past year shows our Plan for Change is already delivering for working people.

    Our Modern Industrial Strategy will ensure the UK is the best country to invest and do business, delivering economic growth that puts more money in people’s pockets and pays for our NHS, schools and military.

    Not only does this Strategy prioritise investment to attract billions for new business sites, cutting-edge research, and better transport links, it will also make our industrial electricity prices more competitive.

    Tackling energy costs and fixing skills has been the single biggest ask of us from businesses and the greatest challenge they’ve faced – this government has listened, and now we’re taking the bold action needed. Government and business working hand in hand to make working people better off is what this Government promised and what we will deliver.

    Energy Secretary Ed Miliband said:

    For too long high electricity costs have held back British businesses, as a result of our reliance on gas sold on volatile international markets.

    As part of our modern industrial strategy we’re unlocking the potential of British industry by slashing industrial electricity prices in key sectors.

    We’re also doubling down on our clean power strengths with increased investment in growth industries from offshore wind to nuclear. This will deliver on our clean power mission and Plan for Change to bring down bills for households and businesses for good.

    The Supercharger and British Industrial Competitiveness Scheme will be funded through reforms to the energy system. The government is reducing costs within the system to free up funding without raising household bills or taxes and intends to also use additional funds from the strengthening of UK carbon pricing, including as a result of linking with the EU carbon market.

    We have set out an intention to link emissions trading systems, as part of our new agreement with the European Union to support British businesses. Without an agreement to do this, British industry would have to pay the EU’s carbon tax.

    We intend to link our carbon pricing system with the EU’s, we will ensure that money stays in the UK—which allows us to support British companies and British jobs through these schemes.

    Building on the Spending Review and the recently announced 10-Year Infrastructure Strategy, the Industrial Strategy is the latest step forward in our plans to deliver national renewal. It will include targeted support for the areas of the country and economy that have the greatest potential to grow, while introducing reforms that will make it easier for all businesses to get ahead.

    The Strategy’s bold plan of action includes:

    • Slash electricity costs by up to 25% from 2027 for electricity-intensive manufacturers in our growth sectors and foundational industries in their supply chain, bringing costs more closely in line with other major economies in Europe.

    • Unlocking billions in finance for innovative business, especially for SMEs by increasing British Business Bank financial capacity to £25.6 billion, crowding in tens of billions of pounds more in private capital. This includes an additional £4bn for Industrial Strategy Sectors, crowding in billions more in private capital. By investing largely through venture funds, the BBB will back the UK’s most high-growth potential companies.

    • Reducing regulatory burdens by cutting the administrative costs of regulation for business by 25% and reduce the number of regulators. 

    • Supporting 5,500 more SMEs to adopt new technology through the Made Smarter programme while centralising government support in one place through the Business Growth Service.

    • Boosting R&D spending to £22.6bn per year by 2029-30 to drive innovation across the IS-8, with more than £2bn for AI over the Spending Review, and £2.8bn for advanced manufacturing over the next ten years. This will leverage in billions more from private investors. Regulatory changes will further clear the path for fast-growing industries and innovative products such as biotechnology, AI, and autonomous vehicles.

    • Attracting elite global talent to our key sectors, via visa and migration reforms and the new Global Talent Taskforce.

    • Deepening economic and industrial collaboration with our partners, building on our Industrial Strategy Partnership with Japan and recent deals with the US, India, and the EU.

    • Revolutionising public procurement and reducing barriers for new entrants and SMEs to bolster domestic competitiveness.

    • Supporting the UK’s city regions and clusters by increasing the supply of investible sites through a new £600m Strategic Sites Accelerator, at six locations to be chosen across the UK, enhanced regional support from the Office for Investment, National Wealth Fund, and British Business Bank, and more, including  with the Scottish Government to support the Edinburgh-Glasgow Central Belt.

    • Strengthening existing “Industrial Strategy Zones” – in Scotland these are the Forth Green Freeport, Cromarty Firth Green Freeport, Glasgow City Region and the North East Scotland Investment Zones – with an enhanced offer of streamlined planning, better-targeted investment promotion, support for accessing concessionary finance and coordinated support on skills.

    • Delivering AI Growth Zones to attract investment in AI infrastructure in strategic locations across the UK, including Scotland, with support for planning, access to energy, and partnerships with the private sector.

    • Growing high-potential innovation ecosystems through the Local Innovation Partnerships Fund, with at least £30m for Scotland, building on UK-wide public R&D investment and Innovate UK’s joint action plans with devolved governments.

    • Identifying and securing the right financing for investment projects in Scotland with the National Wealth Fund, working with the Scottish National Investment Bank.  

    • Using a British Business Bank Cluster Champion in Glasgow City Region, with deep expertise and local knowledge, to coordinate investment-readiness programmes, strengthen financial networks, and connect high-potential firms to investors.

    The plan focuses on 8 sectors where the UK is already strong and there’s potential for faster growth: Advanced Manufacturing, Clean Energy Industries, Creative Industries, Defence, Digital and Technologies, Financial Services, Life Sciences, and Professional and Business Services. Each growth sector has a bespoke 10-year plan that will attract investment, enable growth and create high-quality, well-paid jobs.

    Dame Clare Barclay DBE, Chair of the Industrial Strategy Advisory Council and President of Enterprise & Industry EMEA at Microsoft said:

    I welcome today’s Industrial Strategy, which sets out a clear plan to back the UK’s growth driving sectors. It is particularly positive to see the strong focus on skills in areas such as engineering, technology and defence. Commitments such as £187 million for the TechFirst programme will ensure the UK has the skills it needs to support our growth industries and seize transformative opportunities like AI.

    Rain Newton-Smith, Chief Executive, CBI said:

    Today’s Industrial Strategy announcement is a significant leap forward in the partnership between government and business that sets us on the path to our shared goal of raising living standards across the country.  

    It sends an unambiguous, positive signal about the nation’s global calling card as well as the direction of travel for the wider economy for the next decade and beyond.

    The CBI has long been advocating for a comprehensive industrial strategy, based on the UK’s USP – the sectors and markets where we can compete to win on the global stage.

    More competitive energy prices, fast-tracked planning decisions and backing innovation will provide a bedrock for growth. But the global race to attract investment will require a laser-like and unwavering focus on the UK’s overall competitiveness. 

    Today marks the beginning of delivering this strategy in close partnership, at pace, and with a shared purpose. 

    Stephen Phipson CBE, CEO at Make UK said:

    British industry has been in desperate need for a government who understands our sector and had the strategic vision for a plan for growth. Today’s Industrial Strategy is a giant and much needed step forward taken by the Secretary of State who has seen the potential and provided the keys to help unlock it.

    Make UK has led the campaign for a new industrial strategy for many years, highlighting the three major challenges that were diminishing our competitiveness, hampering growth and frustrating productivity gains: a skills crisis, crippling energy costs and, an inability to access capital for new British innovators.

    The strategy announced today sets out plans to address all three of these structural failings. Clearly there is much to do as we move towards implementation but, this will send a message across the Country and around the world that Britain is back in business.

    Tufan Erginbilgic, Rolls-Royce CEO, said:

    The UK Government’s Industrial Strategy commitment to support our world-leading aerospace and nuclear industries shows long-term strategic foresight. Rolls-Royce’s highly differentiated technologies in gas turbines and nuclear capabilities- including SMRs and AMRs- are uniquely placed to deliver economic growth, skilled jobs and attract investment into the UK.

    Mike Hawes OBE, SMMT Chief Executive said:

    The publication of an Industrial Strategy – one with automotive at its heart – is the policy framework the sector has long-sought and Government has now addressed. Such a strategy – long-term, aligned to a trade strategy and supported by all of Government – is the basis on which the UK automotive sector can regain its global competitiveness. Making the UK the best place to invest now depends on implementation, and implementation at pace, because investment decisions are being made now against a backdrop of fierce competition and geopolitical uncertainty. The number one priority must be addressing the UK’s high cost of energy, enabling the sector to invest in the technologies, the products and the people that will give the UK its competitive edge. 

    Five sector plans have been published today:

    • Advanced Manufacturing – Backing our Advanced Manufacturing sector with up to £4.3 billion in funding, including up to £2.8 billion in R&D over the next five years, with the aim of anchoring supply chains in the UK – from increasing vehicle production to 1.35 million, to leading the next generation of technologies for zero emission flight. Glasgow is a global force in advanced manufacturing –  home to the Advanced Manufacturing Innovation District and globally competitive universities, the city region has strengths across defence, space and quantum. Edinburgh houses the National Robotarium at Heriot-Watt University and the Roslin Institute, which is a leading Agri-Tech research centre. 

    • Clean Energy Industries – Doubling investment in Clean Energy Industries by 2035, with Aberdeen-headquartered Great British Energy helping to build the clean power revolution in Britain with a further £700 million in clean energy supply chains, taking the total funding for the Great British Energy Supply Chain fund to £1 billion. We are supporting Scottish clean energy industries with £200 million development funding to advance the Acorn Carbon Capture and Storage project, capitalising on expertise in the oil and gas sector around Aberdeen. Up to £185 million has been allocated to Scotland through the Clean Industry Bonus, unlocking up to £3.5 billion private sector investment in ports and high-tech components needed to build floating and fixed offshore wind farms. Aberdeen is a global energy capital boasting new investment in hydrogen, with its pioneering Energy Transition Zone repositioning the North East as a globally integrated energy cluster.  A new regional skills pilot for Aberdeen will also help ensure a strong local skills base to deliver these opportunities.

    • Creative Industries – Maximizing the value of our Creative Industries through a £380 million boost for film and TV, video games, advertising and marketing, music and visual and performing arts will improve access to finance for scale-ups and increase R&D, skills and exports. It includes a £30 million Games Growth Package to back the next generation of UK video games studios – a sector in which Scotland is world leading. Glasgow, Edinburgh and Dundee are centres for creative industries. The Edinburgh Festivals incubate creative talent, whilst Edinburgh Futures Institute drives innovation.

    • Digital and Technologies – Making the UK the European leader for creating and scaling Digital and Technology businesses, with more than £2 billion to drive the AI Action Plan, including a new Sovereign AI Programme, £187 million for training one million young people in tech skills and targeting R&D investment at frontier technologies such as quantum technologies in Scotland. Scotland is home to two of the UK’s five new Quantum Hubs, with involvement in all five. Ten of the top 30 global semiconductor companies have operations in Scotland. Scotland is also home to cutting edge AI research network and R&D infrastructure – Edinburgh Genome Biofoundry and Industrial Biotechnology Innovation Centre. An up to £750m investment in the UK’s largest supercomputer at the University of Edinburgh sets a marker for our ambition for further growth in digital & technologies.

    • Professional and Business Services – Ensuring our Professional and Business Services becomes the world’s most trusted adviser to global industry, revolutionising the sector across the world through adoption of UK-grown AI and working to secure mutual recognition of professional qualifications agreements overseas. Scotland’s financial services sector, second only to London, features a cutting-edge Fintech scene. Over 25% of Glasgow’s top tech firms are in financial & business services, attracting major firms such as Azets and RSM. This is anchored by a highly capable workforce, supported by a world-class skills ecosystem and universities.
       

    The Industrial Strategy will be published on GOV.UK later today.

    The Defence, Financial Services and Life Sciences sector plans will be published shortly.

    The 7,000 businesses are an indicative estimate of how many businesses could be in scope of the scheme. The full scope and eligibility of the scheme will be determined following consultation.

    Updates to this page

    Published 23 June 2025

    MIL OSI United Kingdom –

  • MIL-OSI USA: Disaster Recovery Center Opening in Wayne County

    Source: US Federal Emergency Management Agency

    Headline: Disaster Recovery Center Opening in Wayne County

    Disaster Recovery Center Opening in Wayne County

    A Disaster Recovery Center with FEMA Individual Assistance staff is opening in Wayne County to help people affected by the March 14-15 severe storms, straight-line winds, tornadoes, and wildfires

    The Disaster Recovery Center opens Monday, June 23

    FEMA and the U

    S

    Small Business Administration will help impacted residents with their disaster assistance applications, answer questions, and upload required documents

    Opening Monday, June 23LOCATIONHOURS OF OPERATIONWayne CountyTabernacle Baptist Church402 E Daniels St

     Piedmont, MO 63957June 23: 9 a

    m

    -7 p

    m

    June 24-28: 8 a

    m

    -7 p

    m

    To save time, please apply for FEMA assistance before coming to a Disaster Recovery Center

    Apply online at DisasterAssistance

    gov or by calling 800-621-3362

     If you are unable to apply online or by phone, someone at the Disaster Recovery Center can assist you

     You may visit any location, no matter where you are staying now

    If your home or personal property sustained damage not covered by insurance, FEMA may be able to provide money to help you pay for home repairs, a temporary place to live, and replace essential personal property that was destroyed

    sara

    zuckerman
    Sat, 06/21/2025 – 22:48

    MIL OSI USA News –

  • MIL-OSI USA: Disaster Recovery Centers Opening in the City of St. Louis

    Source: US Federal Emergency Management Agency

    Headline: Disaster Recovery Centers Opening in the City of St

    Louis

    Disaster Recovery Centers Opening in the City of St

    Louis

    Disaster Recovery Centers with FEMA Individual Assistance staff are opening in the City of St

    Louis to help people affected by the May 16 tornado and storms

    The first Disaster Recovery Center opens this Saturday, June 21

    At all locations, FEMA and the U

    S

    Small Business Administration will help impacted residents with their disaster assistance applications, answer questions, and upload required documents

    More locations in the City of St

    Louis will be announced next week

    Opening Saturday, June 21LOCATIONHOURS OF OPERATIONUnion Tabernacle M

    B

    Church626 N

    Newstead Ave

    St

    Louis, MO 63108Monday – Saturday: 8 a

    m

    – 8 p

    m

    Sunday: ClosedTo save time, please apply for FEMA assistance before coming to a Disaster Recovery Center

    Apply online at DisasterAssistance

    gov or by calling 800-621-3362

     If you are unable to apply online or by phone, someone at the Disaster Recovery Center can assist you

     You may visit any location, no matter where you are staying now

    If your home or personal property sustained damage not covered by insurance, FEMA may be able to provide money to help you pay for home repairs, a temporary place to live, and replace essential personal property that was destroyed

    sara

    zuckerman
    Fri, 06/20/2025 – 23:22

    MIL OSI USA News –

  • MIL-OSI USA: Governor Newsom announces appointments 6.20.25

    Source: US State of California 2

    Jun 20, 2025

    SACRAMENTO – Governor Gavin Newsom today announced the following appointments:

    Soon-Sik Lee, of Bellevue, Washington, has been appointed Chief of Planning and Engineering at the California High Speed Rail Authority. Lee has been a Vice President – Senior Program Manager at AECOM since 2021. He was Director of Engineering at Etihad Rail from 2020 to 2021. Lee was a Principal Investment Operations Specialist at Asian Infrastructure Investment Bank from 2016 to 2020. He was the Engineering and Construction Director at Etihad Rail from 2011 to 2016. Lee was an Assistant Vice President – Project Manager at Union Railway 2009 to 2011. He was a Project Manager at Parsons from 2006 to 2008. Lee was a Senior Bridge Engineer URS 2002 to 2006. He held multiple positions at University of Michigan from 1999 to 2002, including Post Doctoral Research Fellow and Research Assistant. Lee was a Structural Engineer at Won-Jong Engineering from 1996 to 1997. He earned a Doctor of Philosophy degree in Civil Engineering from University of Michigan, Ann Arbor, a Master of Business Administration degree from University of Chicago, a Master of Science degree in Civil Engineering from University of Michigan, Ann Arbor, and a Bachelor of Science degree in Civil Engineering from Kyung Hee University. This position does not require Senate confirmation, and the compensation is $280,008. Lee is registered without party preference. 

    Lilian Coral, of San Marino, has been appointed to the California Community Colleges Board of Governors. Coral has been Vice President of Technology and Democracy Programs and Head of the Open Technology Institute at New America and an Adjunct Instructor at the University of Southern California since 2022. She was Director of National Strategy and Technology Innovation at the Knight Foundation from 2017 to 2022. Coral was Chief Data Officer at the Office of Los Angeles Mayor Eric Garcetti from 2015 to 2017. She was a Nonprofit Consultant and Principal at Adaptive Muse from 2008 to 2015. Coral was Founding Director of 2-1-1 California from 2010 to 2014. She was Policy Manager at the Los Angeles County Children’s Planning Council from 2007 to 2008. Coral was a Research and Policy Associate at Service Employees International Union, Local 721 from 2004 to 2007. She is a Board Member at Next City. She earned a Master of Public Policy degree from University of California, Los Angeles and a Bachelor of Arts degree in International Studies from University of California, Irvine. This position requires Senate confirmation, and the compensation is $100 per diem. Coral is a Democrat. 

    Carson Fajardo, of Rancho Cucamonga, has been appointed to the California State University Board of Trustees. Fajardo held several roles at California State University, San Bernardino from 2022 to 2025, including President and Chief Executive Officer and Member of the Board of Directors at Associated Students, Inc., and Programming Coordinator at the Residence Halls Association. He earned a Bachelor of Arts degree in Business Administration from California State University, San Bernardino. This position does not require Senate confirmation, and the compensation is $100 per diem. Fajardo is a Republican. 

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