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Category: Economy

  • MIL-OSI Africa: Afreximbank completes upsizing of reserve-based lending facility for Oando to $375 million


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    African Export-Import Bank (Afreximbank) (www.Afreximbank.com) has successfully completed upsizing its reserve-based lending facility in favour of Oando Oil Limited to US$375 million. The company’s pay down of the original US$525-million facility, secured in 2019, to US$100 million in 2024 created significant headroom for refinancing and enhancing Oando’s financial flexibility.

    The upsizing, led by Afreximbank, with support from Mercuria Asia Resources PTE Limited (Mercuria), which marks a key milestone in Oando’s strategic capital management, will support Oando’s ambition to achieve production of 100,000 barrels of oil per day and 1.5 billion cubic feet of gas per day by the end of 2029, effectively boosting Nigeria’s oil output and reinforcing the country’s position in the global energy market. The upsizing is further expected to drive local economic growth by creating jobs, improving infrastructure, and fostering technological advancements in the oil and gas sector.

    Commenting on the development, Wale Tinubu, Group Chief Executive, Oando PLC and Executive Chairman, Oando Energy Resources said:

    “We are pleased to have completed the upsizing of our RBL facility, a strategic milestone that reinforces our commitment as Operator of the Oando-NEPL JV to maximizing the value of our expanded asset portfolio. Our Joint Venture holds extensive reserves with the potential to generate over $11 billion in net cash flows to Oando over the assets’ life. This working capital facility is a critical enabler towards efficiently extracting and monetizing these resources. We appreciate the continued partnership of Afreximbank and Mercuria, whose unwavering support underscores their alignment with our long-term focus on maximizing production, optimizing asset performance, and delivering sustainable value to all stakeholders”.

    In his own comments, Mr. Haytham Elmaayergi, Executive Vice President, Global Trade Bank, Afreximbank, described the transaction as a critical step in advancing Afreximbank’s strategy for promoting local content in Africa’s oil and gas sector.

    “Afreximbank remains a longstanding financial partner to Oando PLC and its affiliates and has consistently supported the company’s growth and expansion initiatives. We are delighted that Mercuria, one of the world’s largest independent energy and commodities groups and one of our partners, has brought its global expertise and financial backing to the transaction, further strengthening Oando’s ability to execute its production growth strategy.”

    Distributed by APO Group on behalf of Afreximbank.

    Media Contact:
    Vincent Musumba
    Communications and Events Manager (Media Relations)
    Email: press@afreximbank.com

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    About Afreximbank:
    African Export-Import Bank (Afreximbank) is a Pan-African multilateral financial institution mandated to finance and promote intra- and extra-African trade. For over 30 years, the Bank has been deploying innovative structures to deliver financing solutions that support the transformation of the structure of Africa’s trade, accelerating industrialisation and intra-regional trade, thereby boosting economic expansion in Africa. A stalwart supporter of the African Continental Free Trade Agreement (AfCFTA), Afreximbank has launched a Pan-African Payment and Settlement System (PAPSS) that was adopted by the African Union (AU) as the payment and settlement platform to underpin the implementation of the AfCFTA. Working with the AfCFTA Secretariat and the AU, the Bank has set up a US$10 billion Adjustment Fund to support countries effectively participating in the AfCFTA. At the end of December 2024, Afreximbank’s total assets and contingencies stood at over US$40.1 billion, and its shareholder funds amounted to US$7.2 billion. Afreximbank has investment grade ratings assigned by GCR (international scale) (A), Moody’s (Baa1), China Chengxin International Credit Rating Co., Ltd (CCXI) (AAA), Japan Credit Rating Agency (JCR) (A-) and Fitch (BBB-). Afreximbank has evolved into a group entity comprising the Bank, its equity impact fund subsidiary called the Fund for Export Development Africa (FEDA), and its insurance management subsidiary, AfrexInsure (together, “the Group”). The Bank is headquartered in Cairo, Egypt

    For more information, visit: www.Afreximbank.com

    MIL OSI Africa –

    July 2, 2025

  • MIL-OSI Africa: Empowering Women, Enhancing Lives: The Digital Shift in Liberia’s Agriculture


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    “In the past, we used to keep our money in metal boxes. Now, with support from UN Women, the Central Bank of Liberia, and the Orange Foundation, we manage our money through Orange Money. This has made it easier for us to save, access credit, and grow our businesses,” shares Musu Nana, a Buy from Women Champion from Gbartala, Bong County.

    In 2022, UN Women Liberia, in partnership with the Orange Foundation, launched the ‘Digital Inclusion for Women’s Economic Empowerment (D4WEE)’ project. The initiative partnered with the Central Bank of Liberia (CBL) and the National Disaster Management Agency (NDMA) to empower rural women farmers in Bong and Nimba Counties by linking them to the formal financial system and improving access to disaster risk reduction resources.

    Since its launch, significant progress has been made. Through collaboration with CBL, 15 women-led Village Savings and Loan Associations (VSLAs) have been integrated into the formal financial system, benefiting 400 rural women farmers who now have mobile phones and formal bank accounts at the Liberian Bank for Development and Investment (LBDI). Plans are in progress to connect these accounts to their Orange Money mobile wallets, providing these women with the financial services they need to grow their businesses and improve their livelihoods.

    The project also introduced a social protection scheme, enabling VSLA members to save, borrow, and invest using digital platforms, which has promoted financial security among rural women. As a result, women now have greater control over their finances and can make informed decisions for their economic well-being.

    “We are pleased with this new way of handling our Village Savings and Loan Association group. Going digital with our savings and loans has made things simpler and safer for us. Now, we can keep an eye on our money and loans using our phones. It’s made everything clearer and smoother for us,” says Diana Davis, Community-based Facilitator at Liberia Rural Women Network Empowerment Incorporated.

    In early August 2024, UN Women Liberia, in partnership with CBL and Orange Foundation Liberia, conducted a four-day Training of Trainers (TOT) workshop in Monrovia for 22 women-led farming cooperatives and agribusiness owners from Bong, Nimba, and Lofa Counties.

    The training aimed to strengthen women’s capacities by providing digital literacy skills and access to employment opportunities. Participants were introduced to the Buy from Women platform and Orange Money services, helping them connect with broader markets and access financial resources.

    “By enabling these women to become community-based facilitators, we’re enhancing their income-generating activities through both traditional and digital innovations,” explained Ms. Aisha Kolubah, National Program Officer for Women Economic Empowerment at UN Women Liberia.

    The workshop covered digital marketing strategies, effective use of social media, and financial management using digital tools. Participants learned how to create engaging content, leverage platforms like Facebook and WhatsApp for business promotion, and streamline financial transactions through mobile banking.

    Ms. Alana Pradhan, UN Women Liberia’s Knowledge Management Specialist, served as a facilitator, providing insights on leveraging social media for business growth. “Regular and strategic use of social media not only allows you to engage with a broader audience but also empowers you to position your products and services competitively in the market,” Ms. Pradhan emphasized.

    The participants responded enthusiastically to the training, recognizing the potential for expanding their businesses and improving their livelihoods. The Liberia Rural Women Network for Employment expressed their excitement on social media:

    “We are excited to learn how digital marketing can transform our businesses. This training has opened new avenues for growth and development. We now see the potential to reach larger markets and strengthen our financial independence through digital tools.”

    The success of the TOT workshop and the broader initiative underscores the importance of digital and financial literacy in empowering rural women and fostering economic development. By equipping women with the necessary skills and tools, UN Women Liberia, alongside its partners, is paving the way for sustainable growth and gender equality in the agricultural sector.

    Caption: UN Women and partners conducted TOT workshop at the Central Bank in Monrovia for 22 women-led farming agribusiness owners.

    “This training has not only taught us how to use digital tools but has also connected us to bigger markets and financial services we never had access to before,” reflects Musu Nana. “We are now more confident and equipped to grow our businesses and support our families.”

    As these empowered women return to their communities, they carry with them the knowledge and skills to train others, creating a ripple effect of empowerment and economic advancement across Liberia’s rural regions. The continued collaboration between UN Women, CBL, and Orange Foundation hopes to further expand these opportunities, ensuring that more women can harness the power of digital technology to transform their lives and communities.

    Distributed by APO Group on behalf of UN Women – Africa.

    MIL OSI Africa –

    July 2, 2025

  • MIL-OSI United Kingdom: UKSPF programmes to help Prestonians

    Source: City of Preston

    1 July 2025

    Activities to help and support Prestonians across a range of programmes is being funded via UK Government’s Shared Prosperity Fund (UKSPF).

    The Government announced in December 2024 there would be £900m available across the UK as transitional funding for an extra year of activities for 2025/26 after the 2022/2025 funding programme closed.

    Our goal is to deliver a wide-reaching and impactful programme of activities that will build pride of place in Preston and increase life chances in the city, in line with the overall goals of the UKSPF. This will be delivered via three investment priorities, as defined by Government:

    1. Communities and Place
    2. Supporting local business
    3. People and skills

    Councillor Matthew Brown, Leader at Preston City Council, said:

    “Thanks to UKSPF funding, we’ve equipped people and local businesses across Preston with essential support and skills that have a huge impact on all our communities.

    “This extra funding will enable us to invest in the future of the city despite other financial challenges the Council faces.

    “It’s about giving people the tools they need to succeed, building a fairer and more democratic Preston economy, and revitalising our communities to build a more inclusive, connected, and resilient Preston for the future.”

    More information

    A table of 2025/26 programme activity for Preston is provided at the end of this article.

    • The fund aims to support local communities and businesses across the UK, and will contribute to the delivery of the government’s Five Missions:
    • Mission 1 (M1): Kickstart economic growth  
    • Mission 2 (M2): Make Britain a clean energy superpower 
    • Mission 3 (M3): Take back our streets 
    • Mission 4 (M4): Break down barriers to opportunity 
    • Mission 5 (M5): Build an NHS fit for the future

    About UKSPF

    The UK Shared Prosperity Fund (UKSPF) is a fund allocated by the UK Government and managed by local authorities in partnership with local stakeholders.

    Lancashire Combined County Authority (LCCA) was awarded a total of £21,748,007 for 2025/6 enabling projects and initiatives to continue for another year across the county. Preston City Council’s allocation was £2,462,651.

    UKSPF programme 2025/26 under revised themes and sub-themes

    Priority 1 – Communities and Place

    Sub-theme – Health and Wellbeing Programme and Inclusivity

    1. Community Programme, including:

    • Volunteering and community grants
    • Youth Strategy
    • Sport
    • Tree planting
    • Digital Connectivity

    Sub-theme – Development of visitor economy

    2. City Events Programme

    Sub-theme – Reduce crime and fear of crime

    3. City Safety

    • City centre lighting
    • Community safety initiatives
    • Parks enhancements

    Priority 2 – Supporting local businesses

    Theme – Support for Businesses

    Sub-theme – Advice and support to business

    1. Preston Business Support programme, including:

    • Innovation & Technology business support
    • Kickstart and Pre-Start up support

    2. Innovation Programme

    • Business research & development programme
    • Decarbonisation support

    3. Community Business support

    • Sustainable Transport
    • Green Energy
    • Supporting Preston Democratic Economy

    Priority 3 – People and Skills

    Theme – Employability

    Sub-theme – Supporting people in and towards employment

    1. Preston Employability Programme

    • Support for those not in education, employment or training (NEET)
    • Breaking down barriers to employment
    • Improving Life Chances learning and skills

    Theme – Skills

    Sub-theme – Employment related skills

    1. Preston Skills Programme

    • Green energy skills
    • Numeracy skills

    MIL OSI United Kingdom –

    July 2, 2025

  • MIL-OSI: FWF by AROBS named UiPath Fast Track Partner for Agentic Automation

    Source: GlobeNewswire (MIL-OSI)

    LONDON, July 01, 2025 (GLOBE NEWSWIRE) — FWF, part of the AROBS Group (BVB: AROBS) and specialised in intelligent process automation, has been recognised by UiPath (NYSE: PATH), a global leader in agentic automation, as an Agentic Automation Fast Track Partner. This distinction recognises FWF for AROBS’s commitment to being at the forefront of innovation in enterprise automation, building on Robotic Process Automation and leveraging the capabilities of Agentic AI. It also confirms the AROBS Group’s strategic focus on investing in technologies that fundamentally transform how organisations operate.

    “We are honored and proud that FWF by AROBS has been named a UiPath Agentic Automation Fast Track Partner — a recognition that underscores both our advanced technical expertise and the strategic evolution of AROBS Group’s capabilities in intelligent automation. FWF by AROBS is playing a key role in expanding our group’s portfolio of next-generation enterprise solutions — from finance and healthcare to logistics and compliance — by delivering scalable automation with real business impact. As we step into a new era of agentic systems, this recognition from UiPath is also a signal to our clients and shareholders: AROBS is building one of the strongest automation and AI expertise in the region, with the capacity to lead transformations across industries,” stated Voicu Oprean, Founder and CEO of AROBS.

    The Agentic Automation Fast Track program, launched by UiPath in early 2025, includes a select group of global partners who actively contribute to the development and testing of UiPath’s latest solutions – as AI Agent Builder, and UiPath Maestro, within a collaborative framework.

    “This partnership marks an important step in our evolution and supports our goal of delivering automation solutions that drive real organisational change. This way, digital transformation initiatives translate more rapidly into concrete and sustainable results, with a direct impact on operational efficiency and decision-making speed,” stated Marius Bene, CEO of FWF by AROBS.

    While traditional RPA automates repetitive tasks, the UiPath Agentic Automation Platform introduces AI agents that understand context, analyse unstructured data, and make autonomous decisions with minimal human input. FWF by AROBS is proud to be recognised alongside global players such as Accenture, Deloitte, and IBM, and brings a unique perspective to its UK and European customer base that is rooted in and customised with precision to address specific regional market needs and business challenges.

    About AROBS: AROBS is the largest publicly listed technology company in Romania, with offices in 10 countries. It provides software services and solutions in areas such as embedded systems – Automotive, Aerospace, Maritime, and Medical, as well as Travel Technology, IoT, Clinical Trials, Fintech, Enterprise Solutions, Cybersecurity, and Intelligent Automation for international customers in UK, Europe, North America and Asia. Learn more at www.arobs.com.

    About FWF by AROBS: The company specializes in intelligent automation solutions, with a strong portfolio of projects in banking, telecom, professional services, and public administration across the UK, Germany, and Eastern Europe. Learn more at www.fwfcompany.com.

    A photo accompanying this announcement is available here: https://www.globenewswire.com/NewsRoom/AttachmentNg/790a8627-6a3d-4047-ac03-10c362d18b28

    The MIL Network –

    July 2, 2025

  • MIL-OSI: American Rebel Holdings (NASDAQ: AREB) Accelerates Beverage Retail Expansion with “Rebel Light” Beer Authorization in 62 Minuteman Food Mart Stores Across the Carolinas

    Source: GlobeNewswire (MIL-OSI)

    Continued Strategic Southeast Retail Growth Positions American Rebel Light Beer as the Leading Patriotic, Better-for-You Beer in the C-Store Channel

    NASHVILLE, TN, July 01, 2025 (GLOBE NEWSWIRE) — American Rebel Holdings, Inc. (NASDAQ: AREB) (“American Rebel” or the “Company”), America’s Patriotic Brand and creator of American Rebel Light Beer (americanrebelbeer.com) and a designer, manufacturer, and marketer of branded safes, personal security and self-defense products and apparel, proudly announces additional retail expansion for its beverage division. American Rebel Light Beer, the company’s flagship Patriotic and “Better-for-You” light beer, has secured retail authorization in 62 Minuteman Food Mart locations across North Carolina and South Carolina—marking a significant leap in its Southeastern retail expansion strategy.

    This retail rollout with Minuteman Food Marts www.minutemanfoodmart.com, a respected regional operator with a strong community presence, positions American Rebel Light in one of the most beer-forward convenience store markets in the country.

    With over 150,000 convenience stores nationwide, and beer accounting for nearly 7% of all in-store sales—especially peaking around patriotic holidays—this placement is both timely and strategically aligned with American Rebel Light Beer’s values and consumer base.

    “We’re fired up to partner with Minuteman Food Marts to bring American Rebel Light to even more proud Americans,” said Todd Porter, President of American Rebel Beverage. “This milestone reflects our commitment to celebrating American values while fueling our rapid growth in key Southeastern markets.”

    Minuteman Food Mart, operated by Campbell Oil Company, has emerged as a top-tier independent C-store chain in the Carolinas, following its acquisition of Friendly Mart’s 18-store portfolio and continued site development. Its regional strength and loyal customer base make it an ideal partner for American Rebel’s mission-driven brand.

    Founded in 1976, Minuteman Food Mart has grown into a trusted convenience destination across the Carolinas. Minuteman Food Mart is a fourth-generation family business that began as a single service station and has grown into a network of over 60 convenience stores across North and South Carolina. The name “Minuteman” was inspired by a statue atop a Lance crackers display in a local hardware store—symbolizing readiness, service, and American grit. With deep roots in the region and a mission built on family values, integrity, and community service, Minuteman continues to deliver fast, friendly service to customers on the go.

    • Strong Regional Presence: Minuteman operates 62 locations in North Carolina, with additional growth in South Carolina, cementing its influence across the Carolinas. National and Regional Ranking: Ranked #117 nationally among convenience store chains per CSP’s 2025 Top 202 list. Within North Carolina, it’s among the top regional operators, though specific state rankings aren’t published.
    • Strategic Expansion: Growth accelerated through the acquisition of 18 Friendly Mart stores and revitalization of sites like the former Speedway in Whiteville.
    • Diverse Offerings: Combines fuel (Shell, BP, Marathon), food service (Minuteman Kitchen, Little Caesars Express), and beer sales to drive margins and customer loyalty.
    • Beer Sales Outlook: C-stores in North Carolina play a significant role in alcohol retail, especially for beer, within state-regulated hours and ABV limits. Beer sales are a key revenue stream for operators like Minuteman.

    Momentum Ignited: American Rebel Light Converts High-Profile Event Success into Tangible Retail Shelf Growth in the Southeastern USA.

    This expansion follows a series of high-impact distribution wins in Tennessee, Ohio, Kansas, and Indiana, and aligns with American Rebel’s board-endorsed strategy to accelerate national rollout and capitalize on motorsports and lifestyle marketing platforms.

    “North Carolina has shown up big for American Rebel Light—and we’re just getting started. From the roar of the engines at the Coca-Cola 600 to the thunderous support at the American Rebel Light NHRA Nationals, the fans made one thing clear: this is their beer. We were honored to be the #1 selling beer at the NHRA event at Charlotte Motor Speedway, and it’s a reflection of something bigger—patriotic Americans connecting with a brand that stands for what they believe in.” said Andy Ross, CEO American Rebel Holdings, Inc.

    “With the new authorization and planned rollout through Minuteman Food Marts, we’re making it easier than ever for the proud residents of North Carolina to enjoy America’s Patriotic, God-Fearing, National Anthem-Singing, Stand Your Ground Beer—not just trackside, but in backyards, on porches, and around the grill all summer long. North Carolina loves Rebel Light, and Rebel Light loves North Carolina. With a growing footprint, a resonant brand message, and a product that delivers on taste and purpose, American Rebel Light is quickly becoming the beer of choice for freedom-loving Americans—on shelves, at events, and in the hearts of consumers nationwide.”

    This retail authorization strengthens American Rebel Light Beer’s growing footprint and aligns with broader marketing efforts that are driving national momentum. In tandem with new distribution wins, American Rebel Light has launched trackside sponsorships at select NHRA events, bringing the brand’s energy and values to motorsport fans across the country. These high-octane partnerships are further amplified by a FOX television commercial campaign debuting in Q3 2025—spotlighting the American Rebel lifestyle and reinforcing its big-brand look and feel and is driving brand awareness and consumer demand which will help solidify additional retail placements throughout the remainder of the year and for the important Spring 2026 retail reset process.

    About American Rebel Light Beer

    American Rebel Light is more than just a beer – it’s a celebration of freedom, passion, and quality. Brewed with care and precision, our light beer delivers a refreshing taste that’s perfect for every occasion.

    Since its launch in September 2024, American Rebel Light Beer has rolled out in Tennessee, Connecticut, Kansas, Kentucky, Ohio, Iowa, Missouri, North Carolina, Florida, Indiana and now Virginia and is adding new distributors and territories regularly. For more information about the launch events and the availability of American Rebel Beer, please visit americanrebelbeer.com or follow us on our social media platforms (@americanrebelbeer).

    American Rebel Light is a Premium Domestic Light Lager Beer – All Natural, Crisp, Clean and Bold Taste with a Lighter Feel. With approximately 100 calories, 3.2 carbohydrates, and 4.3% alcoholic content per 12 oz serving, American Rebel Light Beer delivers a lighter option for those who love great beer but prefer a more balanced lifestyle. It’s all natural with no added supplements and importantly does not use corn, rice, or other sweeteners typically found in mass produced beers.

    For more information about American Rebel Light Beer follow us on social media @AmericanRebelBeer.

    For more information, visit americanrebelbeer.com.

    About American Rebel Holdings, Inc.

    American Rebel Holdings, Inc. (NASDAQ: AREB) has operated primarily as a designer, manufacturer and marketer of branded safes and personal security and self-defense products and has recently transitioned into the beverage industry through the introduction of American Rebel Light Beer. The Company also designs and produces branded apparel and accessories. To learn more, visit americanrebelbeer.com. For investor information, visit americanrebel.com/investor-relations.

    Watch the American Rebel Story as told by our CEO Andy Ross visit The American Rebel Story

    Media Inquiries:

    Matt Sheldon
    Matt@Precisionpr.co
    917-280-7329

    American Rebel Holdings, Inc.

    info@americanrebel.com
    ir@americanrebel.com

    American Rebel Beverages, LLC

    Todd Porter, President
    tporter@americanrebelbeer.com

    Forward-Looking Statements

    This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. American Rebel Holdings, Inc., (NASDAQ: AREB; AREBW) (the “Company,” “American Rebel,” “we,” “our” or “us”) desires to take advantage of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and is including this cautionary statement in connection with this safe harbor legislation. The words “forecasts” “believe,” “may,” “estimate,” “continue,” “anticipate,” “intend,” “should,” “plan,” “could,” “target,” “potential,” “is likely,” “expect” and similar expressions, as they relate to us, are intended to identify forward-looking statements. We have based these forward-looking statements primarily on our current expectations and projections about future events and financial trends that we believe may affect our financial condition, results of operations, business strategy, and financial needs. Important factors that could cause actual results to differ from those in the forward-looking statements include the effectiveness of our rollout with MinuteMan, benefits of our continued sponsorship of high profile events, success and availability of the promotional activities, our ability to effectively execute our business plan, and the Risk Factors contained within our filings with the SEC, including our Annual Report on Form 10-K for the year ended December 31, 2024 and our Quarterly Report on Form 10-Q for the three months ended March 31, 2025. Any forward-looking statement made by us herein speaks only as of the date on which it is made. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. We undertake no obligation to publicly update any forward-looking statements, whether as a result of new information, future developments or otherwise, except as may be required by law.

    Attachment

    • American Rebel Holdings, Inc

    The MIL Network –

    July 2, 2025

  • MIL-OSI: Oportun Responds to Comments by Findell Capital

    Source: GlobeNewswire (MIL-OSI)

    Reiterates openness and ongoing efforts to reach constructive compromise with Findell

    Highlights Board actions to streamline and rebalance director skills in service of all stockholders

    SAN CARLOS, Calif., July 01, 2025 (GLOBE NEWSWIRE) — Oportun (Nasdaq: OPRT) (“Oportun” or the “Company”), a mission-driven financial services company, today issued a statement in response to recent comments made by Findell Capital Management, LLC (“Findell”):

    “As described in detail in our investor presentation, Oportun has sought a resolution with Findell for months. We have delivered to Findell multiple formal proposals that involved changes to the Board’s composition, including as recently as the week before last. Findell has not responded to this latest offer.

    The Board’s decision to reduce the number of directors and rebalance the Board’s skills and experience, including the decision not to nominate incumbent Lead Independent Director Neil Williams and director Scott Parker, was the result of careful review of the Board’s expertise and needs and reflects stockholder feedback. Both Mr. Williams and Mr. Parker are former public company Chief Financial Officers; the Board has three other directors with similar backgrounds in finance and accounting.

    The Company remains committed to engaging constructively with Findell and willing to resolve the proxy contest on terms that serve the best interests of all our stockholders.”

    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 $20.3 billion in responsible and affordable credit, saved its members more than $2.4 billion in interest and fees, and helped its members set aside 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 engagement with Findell and the proxy contest, 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 

    The MIL Network –

    July 2, 2025

  • MIL-OSI: Synchronoss Joins Russell 2000 Index, Solidifying Position as a Leading Small-Cap SaaS Company

    Source: GlobeNewswire (MIL-OSI)

    BRIDGEWATER, N.J., July 01, 2025 (GLOBE NEWSWIRE) — Synchronoss Technologies, Inc. (“Synchronoss”) (NASDAQ: SNCR), a global leader and innovator in personal cloud platforms, today announced that the company has joined the Russell 2000® Index, effective upon the U.S. market open on June 30, 2025.

    Prior to its inclusion in the Russell 2000 Index, Synchronoss had completed a strategic transformation to become a leading global cloud solutions provider, resulting in a more predictable, stable business model while delivering improved profitability. In the first quarter of 2025, the Company continued to deliver strong financial performance consistent with results seen throughout 2024.

    “We’re pleased to see our operational and strategic progress recognized with our addition to the Russell 2000,” said Jeff Miller, President and CEO of Synchronoss. “We believe that we have a significantly more resilient and predictable model after the conclusion of our pivot to a high-margin, Cloud-only SaaS business, and are well positioned to generate attractive returns for our stakeholders going forward.”

    For more information on the Russell 2000® Index and the Russell indexes reconstitution, go to the “Russell Reconstitution” section on the FTSE Russell website.

    About Synchronoss
    Synchronoss Technologies (Nasdaq: SNCR), a global leader in personal Cloud solutions, empowers service providers to establish secure and meaningful connections with their subscribers. Our SaaS Cloud platform simplifies onboarding processes and fosters subscriber engagement using artificial intelligence (AI), machine learning and other advanced features, resulting in enhanced revenue streams, reduced expenses, and faster time-to-market. Millions of subscribers trust Synchronoss to safeguard their most cherished memories and important digital content. Explore how our Cloud-focused solutions redefine the way you connect with your digital world at www.synchronoss.com.

    About FTSE Russell
    An LSEG Business, FTSE Russell is a global index leader that provides innovative benchmarking, analytics and data solutions for investors worldwide. FTSE Russell calculates thousands of indexes that measure and benchmark markets and asset classes in more than 70 countries, covering 98% of the investable market globally. FTSE Russell index expertise and products are used extensively by institutional and retail investors globally. Approximately $18.1 trillion is benchmarked to FTSE Russell indexes. Leading asset owners, asset managers, ETF providers and investment banks choose FTSE Russell indexes to benchmark their investment performance and create ETFs, structured products and index-based derivatives. A core set of universal principles guides FTSE Russell index design and management: a transparent rules-based methodology is informed by independent committees of leading market participants. FTSE Russell is focused on applying the highest industry standards in index design and governance and embraces the IOSCO Principles. FTSE Russell is also focused on index innovation and customer partnerships as it seeks to enhance the breadth, depth and reach of its offering.

    FTSE Russell is wholly owned by London Stock Exchange Group. For more information, visit FTSE Russell.

    Media Relations Contact:
    Domenick Cilea
    Springboard
    dcilea@springboardpr.com

    Investor Relations Contact:
    Ryan Gardella
    ICR INC.
    ryan.gardella@icrinc.com

    The MIL Network –

    July 2, 2025

  • MIL-OSI: Bishop Street Underwriters Acquires Aerospace Insurance Managers from Hallmark Financial

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, July 01, 2025 (GLOBE NEWSWIRE) — Bishop Street Underwriters (“Bishop Street”), a RedBird Capital Partners portfolio company, today announced that it has acquired Aerospace Insurance Managers (“AIM”), a general aviation insurance services provider, from Hallmark Financial (“Hallmark”). This acquisition marks Bishop Street’s entry into the aviation insurance market, strengthening its differentiated MGA platform with an expanded portfolio of specialized client solutions. Financial terms of the deal were not disclosed.

    AIM provides general aviation coverage for aircraft hull, aircraft and airport liability, with a focus on small aircrafts flown for pleasure or business, as well as hangar owners, FBO operators, private and municipal airports, and flight school and charter operators. Operating across 47 states, AIM will benefit from the resources and commitment to underwriting profitability offered by the Bishop Street platform, enabling improved service quality for clients and new business expansion opportunities. AIM’s 16-person team will continue to offer A+ rated coverage and be led by Sean Kelley, Vice President – Chief Underwriting Officer, and Randy Kasen, Vice President – Business Development and Operations, providing quality underwriting services to clients across the country.

    “AIM is entering an exciting new chapter, powered by access to new strategic partners and capital resources,” said Sean Kelley. “Joining the Bishop Street platform significantly strengthens our team’s capabilities, allowing us to expand our reach and positioning us to grow our business while continuing to provide top-tier client service.”

    Randy Kasen added, “Bishop Street has created a strong home base for operators like us, who provide tailored services to specific audiences and want access to a wider spectrum of resources and business development opportunities. The team’s commitment to innovation and growth couldn’t be more complementary to our goals for the future of AIM, and we look forward to seeing what comes next.”

    “We are pleased to welcome AIM to Bishop Street, maintaining our positive momentum and setting the stage for our continued expansion,” said Chad Weber, President of Bishop Street. “The team brings specialized expertise, strong capacity partners and an excellent reputation to our platform, further diversifying our portfolio and advancing our commitment to aligning with the best of the best in the insurance industry.”

    Mike Zabik, Partner of RedBird Capital, said, “The acquisition of AIM adds another high-performing, niche insurance provider to the portfolio to complement the firm’s existing business lines and create opportunities to continue scaling Bishop Street’s unique platform. Bishop Street continues to grow rapidly, fueled by opportunistic acquisitions and a unique ability to execute on strategic lift outs of specialty underwriting teams. Following the acquisition of AIM, Bishop Street has successfully completed three carrier carveouts in less than two years.”

    This acquisition follows a series of key strategic developments for Bishop Street, including the acquisitions of Landmark Underwriting, Ethos Specialty’s Transactional Liability unit, Conifer Insurance Services, Ahoy!, an investment in Verve Services and the establishment of partnerships with Skyward Specialty Insurance and Topsail Re.

    Raymond James & Associates, Inc. served as the exclusive financial advisor and Olshan Frome Wolosky LLP provided legal counsel to Hallmark. Fried, Frank, Harris, Shriver & Jacobson LLP and McDermott Will & Emery LLP provided legal counsel to Bishop Street Underwriters.

    About Bishop Street
    Bishop Street Underwriters, a RedBird Capital portfolio company, seeks to partner with Managing General Agents (“MGAs”) as well as niche underwriting teams. Bishop Street aims to combine their best-in-class (re)insurance executive team’s vision with RedBird’s strong track record, expertise and network in the financial services sector to build a differentiated platform that is uniquely positioned to capitalize on secular growth tailwinds in the industry. For more information, please go to www.bishopstreetuw.com.

    About RedBird Capital Partners
    RedBird Capital Partners is a private investment firm that builds high-growth companies with strategic capital solutions to founders and entrepreneurs. The firm currently manages $12 billion in assets on behalf of a global group of blue chip institutional and family office investors. Founded in 2014 by Gerry Cardinale, RedBird integrates sophisticated private equity investing with a hands-on business building mandate that focuses on three core industry verticals – Financial Services, Sports and Media & Entertainment. Over his 30-year investment career, Cardinale has partnered with founders and entrepreneurs to build some of the most iconic growth companies in their respective industries. For more information, please go to www.redbirdcap.com.

    Media Contacts
    Bishop Street 
    Dan Gagnier
    Gagnier Communications
    bishopstreet@gagnierfc.com
    646.569.5897

    The MIL Network –

    July 2, 2025

  • MIL-OSI: Bishop Street Underwriters Acquires Aerospace Insurance Managers from Hallmark Financial

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, July 01, 2025 (GLOBE NEWSWIRE) — Bishop Street Underwriters (“Bishop Street”), a RedBird Capital Partners portfolio company, today announced that it has acquired Aerospace Insurance Managers (“AIM”), a general aviation insurance services provider, from Hallmark Financial (“Hallmark”). This acquisition marks Bishop Street’s entry into the aviation insurance market, strengthening its differentiated MGA platform with an expanded portfolio of specialized client solutions. Financial terms of the deal were not disclosed.

    AIM provides general aviation coverage for aircraft hull, aircraft and airport liability, with a focus on small aircrafts flown for pleasure or business, as well as hangar owners, FBO operators, private and municipal airports, and flight school and charter operators. Operating across 47 states, AIM will benefit from the resources and commitment to underwriting profitability offered by the Bishop Street platform, enabling improved service quality for clients and new business expansion opportunities. AIM’s 16-person team will continue to offer A+ rated coverage and be led by Sean Kelley, Vice President – Chief Underwriting Officer, and Randy Kasen, Vice President – Business Development and Operations, providing quality underwriting services to clients across the country.

    “AIM is entering an exciting new chapter, powered by access to new strategic partners and capital resources,” said Sean Kelley. “Joining the Bishop Street platform significantly strengthens our team’s capabilities, allowing us to expand our reach and positioning us to grow our business while continuing to provide top-tier client service.”

    Randy Kasen added, “Bishop Street has created a strong home base for operators like us, who provide tailored services to specific audiences and want access to a wider spectrum of resources and business development opportunities. The team’s commitment to innovation and growth couldn’t be more complementary to our goals for the future of AIM, and we look forward to seeing what comes next.”

    “We are pleased to welcome AIM to Bishop Street, maintaining our positive momentum and setting the stage for our continued expansion,” said Chad Weber, President of Bishop Street. “The team brings specialized expertise, strong capacity partners and an excellent reputation to our platform, further diversifying our portfolio and advancing our commitment to aligning with the best of the best in the insurance industry.”

    Mike Zabik, Partner of RedBird Capital, said, “The acquisition of AIM adds another high-performing, niche insurance provider to the portfolio to complement the firm’s existing business lines and create opportunities to continue scaling Bishop Street’s unique platform. Bishop Street continues to grow rapidly, fueled by opportunistic acquisitions and a unique ability to execute on strategic lift outs of specialty underwriting teams. Following the acquisition of AIM, Bishop Street has successfully completed three carrier carveouts in less than two years.”

    This acquisition follows a series of key strategic developments for Bishop Street, including the acquisitions of Landmark Underwriting, Ethos Specialty’s Transactional Liability unit, Conifer Insurance Services, Ahoy!, an investment in Verve Services and the establishment of partnerships with Skyward Specialty Insurance and Topsail Re.

    Raymond James & Associates, Inc. served as the exclusive financial advisor and Olshan Frome Wolosky LLP provided legal counsel to Hallmark. Fried, Frank, Harris, Shriver & Jacobson LLP and McDermott Will & Emery LLP provided legal counsel to Bishop Street Underwriters.

    About Bishop Street
    Bishop Street Underwriters, a RedBird Capital portfolio company, seeks to partner with Managing General Agents (“MGAs”) as well as niche underwriting teams. Bishop Street aims to combine their best-in-class (re)insurance executive team’s vision with RedBird’s strong track record, expertise and network in the financial services sector to build a differentiated platform that is uniquely positioned to capitalize on secular growth tailwinds in the industry. For more information, please go to www.bishopstreetuw.com.

    About RedBird Capital Partners
    RedBird Capital Partners is a private investment firm that builds high-growth companies with strategic capital solutions to founders and entrepreneurs. The firm currently manages $12 billion in assets on behalf of a global group of blue chip institutional and family office investors. Founded in 2014 by Gerry Cardinale, RedBird integrates sophisticated private equity investing with a hands-on business building mandate that focuses on three core industry verticals – Financial Services, Sports and Media & Entertainment. Over his 30-year investment career, Cardinale has partnered with founders and entrepreneurs to build some of the most iconic growth companies in their respective industries. For more information, please go to www.redbirdcap.com.

    Media Contacts
    Bishop Street 
    Dan Gagnier
    Gagnier Communications
    bishopstreet@gagnierfc.com
    646.569.5897

    The MIL Network –

    July 2, 2025

  • MIL-OSI: Duos Technologies added to Russell Microcap® Index

    Source: GlobeNewswire (MIL-OSI)

    JACKSONVILLE, Fla., July 01, 2025 (GLOBE NEWSWIRE) — Duos Technologies Group, Inc. (“Duos” or the “Company”) (Nasdaq: DUOT), was added as a member of the Russell Microcap® Index, effective after the US market opened on June 30 as part of the 2025 Russell indexes reconstitution, according to the FTSE Russell website.

    The annual Russell US Indexes reconstitution captures the 4,000 largest US stocks as of Wednesday, April 30th, ranking them by total market capitalization. Membership in the Russell Microcap® Index, which remains in place for one year, means automatic inclusion in the appropriate growth and value style indexes. FTSE Russell determines membership for its Russell indexes primarily by objective, market-capitalization rankings and style attributes.

    “Being included in the Russell Microcap® Index marks a significant achievement for Duos and reflects the growing momentum behind our strategic initiatives,” said Adrian Goldfarb, Chief Financial Officer of Duos. “This inclusion increases our visibility with institutional investors and highlights the progress we’ve made in building a financially disciplined, innovation-driven company. With strong traction across our core AI inspection business and the expanding potential of Duos Edge AI, particularly in deploying scalable edge data centers to underserved markets, we’re well-positioned for long-term growth and look forward to engaging a broader investor base.”

    Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. Russell’s US indexes serve as the benchmark for about $10.6 trillion in assets as of the close of June 2024. Russell indexes are part of FTSE Russell, the global index provider.

    For more information on the Russell Microcap® Index and the Russell indexes reconstitution, go to the “Russell Reconstitution” section on the FTSE Russell website.

    About Duos Technologies Group, Inc.
    Duos Technologies Group, Inc. (Nasdaq: DUOT), based in Jacksonville, Florida, through its wholly owned subsidiaries, Duos Technologies, Inc., Duos Edge AI, Inc., and Duos Energy Corporation, designs, develops, deploys and operates intelligent technology solutions for Machine Vision and Artificial Intelligence (“AI”) applications including real-time analysis of fast-moving vehicles, Edge Data Centers and power consulting. For more information, visit www.duostech.com , www.duosedge.ai and www.duosenergycorp.com.

    About FTSE Russell, an LSEG Business
    FTSE Russell is a global index leader that provides innovative benchmarking, analytics and data solutions for investors worldwide. FTSE Russell calculates thousands of indexes that measure and benchmark markets and asset classes in more than 70 countries, covering 98% of the investable market globally. FTSE Russell index expertise and products are used extensively by institutional and retail investors globally. Approximately $18.1 trillion is benchmarked to FTSE Russell indexes. Leading asset owners, asset managers, ETF providers and investment banks choose FTSE Russell indexes to benchmark their investment performance and create ETFs, structured products and index-based derivatives.

    A core set of universal principles guides FTSE Russell index design and management: a transparent rules-based methodology is informed by independent committees of leading market participants. FTSE Russell is focused on applying the highest industry standards in index design and governance and embraces the IOSCO Principles. FTSE Russell is also focused on index innovation and customer partnerships as it seeks to enhance the breadth, depth and reach of its offering.

    FTSE Russell is wholly owned by London Stock Exchange Group. 

    For more information, visit FTSE Russell.

    Forward- Looking Statements
    This news release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, regarding, among other things our plans, strategies and prospects — both business and financial. Although we believe that our plans, intentions and expectations reflected in or suggested by these forward-looking statements are reasonable, we cannot assure you that we will achieve or realize these plans, intentions or expectations. Forward-looking statements are inherently subject to risks, uncertainties and assumptions. Many of the forward-looking statements contained in this news release may be identified by the use of forward-looking words such as “believe,” “expect,” “anticipate,” “should,” “planned,” “will,” “may,” “intend,” “estimated,” and “potential,” among others. Important factors that could cause actual results to differ materially from the forward-looking statements we make in this news release include market conditions and those set forth in reports or documents that we file from time to time with the United States Securities and Exchange Commission. We do not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in our expectations or any change in events, conditions or circumstances on which any such statement is based, except as required by law. All forward-looking statements attributable to Duos Technologies Group, Inc. or a person acting on its behalf are expressly qualified in their entirety by this cautionary language.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/b55faf3b-a6e9-4b1e-8c1f-6ccb0ea91bc4.

    This press release was published by a CLEAR® Verified individual.

    The MIL Network –

    July 2, 2025

  • MIL-OSI: CareCloud Confirms ICFR Attestation Requirement Following $85.1 Million Public Float Milestone; Launches Audit Firm Search

    Source: GlobeNewswire (MIL-OSI)

    SOMERSET, N.J., July 01, 2025 (GLOBE NEWSWIRE) — CareCloud, Inc. (Nasdaq: CCLD, CCLDO) (“CareCloud” or the “Company”), a leader in AI-driven healthcare technology solutions for medical practices and health systems nationwide, today announced that it has surpassed the accelerated filer threshold with a public float of $85.1 million as of the market close on June 30, 2025. This achievement triggers a new compliance benchmark under SEC regulations—specifically, the inclusion of an auditor attestation of the Company’s Internal Control over Financial Reporting (“ICFR”) in accordance with Section 404(b) of the Sarbanes-Oxley Act.

    “This milestone is a powerful validation of CareCloud’s growth trajectory, investor confidence, and long-term market position,” said Stephen Snyder, Co-CEO of CareCloud. “We are entering this next phase with energy and focus, reinforcing our commitment to rigorous compliance, operational excellence, and world-class corporate governance.”

    The Company’s current audit firm notified CareCloud that it does not have the capacity to perform the ICFR attestation. Because SEC rules require the same audit firm to conduct both the financial statement audit and the ICFR attestation, a change in auditors is likely necessary.

    To ensure full regulatory compliance and timely filing, CareCloud has launched a formal process to engage a new audit firm capable of delivering the full scope of services required for fiscal year 2025.

    The Company will provide an update as soon as a new audit firm is selected and engaged.

    About CareCloud

    CareCloud brings disciplined innovation to the business of healthcare. Our suite of AI and technology-enabled solutions helps clients increase financial and operational performance, streamline clinical workflows and improve the patient experience. More than 40,000 providers count on CareCloud to help them improve patient care, while reducing administrative burdens and operating costs. Learn more about our products and services, including revenue cycle management (RCM), practice management (PM), electronic health records (EHR), business intelligence, patient experience management (PXM) and digital health, at carecloud.com.

    Follow CareCloud on LinkedIn, X and Facebook.

    For additional information, please visit our website at carecloud.com. To listen to video presentations by CareCloud’s management team, read recent press releases and view the latest investor presentation, please visit ir.carecloud.com.

    Disclaimer

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

    Forward-Looking Statements

    This press release contains various forward-looking statements within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. These statements relate to anticipated future events, future results of operations or future financial performance. In some cases, you can identify forward-looking statements by terminology such as “may,” “might,” “will,” “shall,” “should,” “could”, “intends,” “expects,” “plans,” “goals,” “projects,” “anticipates,” “believes,” “seeks,” “estimates,” “predicts,” “possible,” “potential,” “target,” or “continue” or the negative of these terms or other comparable terminology.

    Our operations involve risks and uncertainties, many of which are outside our control, and any one of which, or a combination of which, could materially affect our results of operations and whether the forward-looking statements ultimately prove to be correct. Forward-looking statements in this press release include, without limitation, statements reflecting management’s expectations for future financial performance and operating expenditures, expected growth, profitability and business outlook, the impact of pandemics on our financial performance and business activities, and the expected results from the integration of our acquisitions.

    These forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are only predictions, are uncertain and involve substantial known and unknown risks, uncertainties and other factors which may cause our (or our industry’s) actual results, levels of activity or performance to be materially different from any future results, levels of activity or performance expressed or implied by these forward-looking statements. New risks and uncertainties emerge from time to time, and it is not possible for us to predict all of the risks and uncertainties that could have an impact on the forward-looking statements, including without limitation, risks and uncertainties relating to the Company’s ability to manage growth, migrate newly acquired customers and retain new and existing customers, maintain cost-effective global operations, increase operational efficiency and reduce operating costs, predict and properly adjust to changes in reimbursement and other industry regulations and trends, retain the services of key personnel, develop new technologies, upgrade and adapt legacy and acquired technologies to work with evolving industry standards, compete with other companies’ products and services competitive with ours, and other important risks and uncertainties referenced and discussed under the heading titled “Risk Factors” in the Company’s filings with the Securities and Exchange Commission.

    The statements in this press release are made as of the date of this press release, even if subsequently made available by the Company on its website or otherwise. The Company does not assume any obligations to update the forward-looking statements provided to reflect events that occur or circumstances that exist after the date on which they were made.

    SOURCE: CareCloud

    Company Contact: 
    Norman Roth 
    Interim Chief Financial Officer and Corporate Controller 
    CareCloud, Inc.
    nroth@carecloud.com 

    Investor Contact:
    Stephen Snyder 
    Co-Chief Executive Officer 
    CareCloud, Inc. 
    ir@carecloud.com 

    The MIL Network –

    July 2, 2025

  • MIL-OSI: CareCloud Confirms ICFR Attestation Requirement Following $85.1 Million Public Float Milestone; Launches Audit Firm Search

    Source: GlobeNewswire (MIL-OSI)

    SOMERSET, N.J., July 01, 2025 (GLOBE NEWSWIRE) — CareCloud, Inc. (Nasdaq: CCLD, CCLDO) (“CareCloud” or the “Company”), a leader in AI-driven healthcare technology solutions for medical practices and health systems nationwide, today announced that it has surpassed the accelerated filer threshold with a public float of $85.1 million as of the market close on June 30, 2025. This achievement triggers a new compliance benchmark under SEC regulations—specifically, the inclusion of an auditor attestation of the Company’s Internal Control over Financial Reporting (“ICFR”) in accordance with Section 404(b) of the Sarbanes-Oxley Act.

    “This milestone is a powerful validation of CareCloud’s growth trajectory, investor confidence, and long-term market position,” said Stephen Snyder, Co-CEO of CareCloud. “We are entering this next phase with energy and focus, reinforcing our commitment to rigorous compliance, operational excellence, and world-class corporate governance.”

    The Company’s current audit firm notified CareCloud that it does not have the capacity to perform the ICFR attestation. Because SEC rules require the same audit firm to conduct both the financial statement audit and the ICFR attestation, a change in auditors is likely necessary.

    To ensure full regulatory compliance and timely filing, CareCloud has launched a formal process to engage a new audit firm capable of delivering the full scope of services required for fiscal year 2025.

    The Company will provide an update as soon as a new audit firm is selected and engaged.

    About CareCloud

    CareCloud brings disciplined innovation to the business of healthcare. Our suite of AI and technology-enabled solutions helps clients increase financial and operational performance, streamline clinical workflows and improve the patient experience. More than 40,000 providers count on CareCloud to help them improve patient care, while reducing administrative burdens and operating costs. Learn more about our products and services, including revenue cycle management (RCM), practice management (PM), electronic health records (EHR), business intelligence, patient experience management (PXM) and digital health, at carecloud.com.

    Follow CareCloud on LinkedIn, X and Facebook.

    For additional information, please visit our website at carecloud.com. To listen to video presentations by CareCloud’s management team, read recent press releases and view the latest investor presentation, please visit ir.carecloud.com.

    Disclaimer

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

    Forward-Looking Statements

    This press release contains various forward-looking statements within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. These statements relate to anticipated future events, future results of operations or future financial performance. In some cases, you can identify forward-looking statements by terminology such as “may,” “might,” “will,” “shall,” “should,” “could”, “intends,” “expects,” “plans,” “goals,” “projects,” “anticipates,” “believes,” “seeks,” “estimates,” “predicts,” “possible,” “potential,” “target,” or “continue” or the negative of these terms or other comparable terminology.

    Our operations involve risks and uncertainties, many of which are outside our control, and any one of which, or a combination of which, could materially affect our results of operations and whether the forward-looking statements ultimately prove to be correct. Forward-looking statements in this press release include, without limitation, statements reflecting management’s expectations for future financial performance and operating expenditures, expected growth, profitability and business outlook, the impact of pandemics on our financial performance and business activities, and the expected results from the integration of our acquisitions.

    These forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are only predictions, are uncertain and involve substantial known and unknown risks, uncertainties and other factors which may cause our (or our industry’s) actual results, levels of activity or performance to be materially different from any future results, levels of activity or performance expressed or implied by these forward-looking statements. New risks and uncertainties emerge from time to time, and it is not possible for us to predict all of the risks and uncertainties that could have an impact on the forward-looking statements, including without limitation, risks and uncertainties relating to the Company’s ability to manage growth, migrate newly acquired customers and retain new and existing customers, maintain cost-effective global operations, increase operational efficiency and reduce operating costs, predict and properly adjust to changes in reimbursement and other industry regulations and trends, retain the services of key personnel, develop new technologies, upgrade and adapt legacy and acquired technologies to work with evolving industry standards, compete with other companies’ products and services competitive with ours, and other important risks and uncertainties referenced and discussed under the heading titled “Risk Factors” in the Company’s filings with the Securities and Exchange Commission.

    The statements in this press release are made as of the date of this press release, even if subsequently made available by the Company on its website or otherwise. The Company does not assume any obligations to update the forward-looking statements provided to reflect events that occur or circumstances that exist after the date on which they were made.

    SOURCE: CareCloud

    Company Contact: 
    Norman Roth 
    Interim Chief Financial Officer and Corporate Controller 
    CareCloud, Inc.
    nroth@carecloud.com 

    Investor Contact:
    Stephen Snyder 
    Co-Chief Executive Officer 
    CareCloud, Inc. 
    ir@carecloud.com 

    The MIL Network –

    July 2, 2025

  • MIL-OSI: Richtech Robotics Announces Inclusion in US small-cap Russell 2000® and Russell 3000® Indices

    Source: GlobeNewswire (MIL-OSI)

    The addition highlights the company’s commitment to delivering long-term shareholder value and driving positive impact through AI-driven robotics

    LAS VEGAS, July 01, 2025 (GLOBE NEWSWIRE) — Richtech Robotics Inc. (Nasdaq: RR) (“Richtech Robotics” or the “Company”), a Nevada-based provider of AI-driven service robots, announces that it has been added to the US small-cap Russell 2000® Index. The inclusion, which took effect after the US market closed on June 27, 2025, was a result of the 2025 Russell Indexes reconstitution. The Russell 2000 Index is a subset of the Russell 3000® Index which is designed to represent approximately 98% of the investable US equity market. It includes approximately 2,000 of the smallest securities based on a combination of their market capitalization and current index membership.

    “Our inclusion in the Russell 2000® and Russell 3000® indices reflects the growing recognition of Richtech Robotics’ leadership in AI and automation,” said Matt Casella, President of Richtech Robotics. “We believe that this milestone underscores rising investor confidence in our vision and validates the significant progress we’ve made with our Titan, Adam, and Scorpion robots. We see this as a launchpad to accelerate innovation, scale strategic partnerships, and expand our market presence as we work to define the future of service robotics.”

    Membership in the Russell 2000® Index, which remains in place for one year, is based on membership in the broad-market Russell 3000® Index. The Company’s stock will also be automatically added to the appropriate growth and value indexes.

    For more information on the Russell 2000® and Russell 3000® Indexes and the Russell indexes reconstitution, visit the “Russell Reconstitution” section on the FTSE Russell website.

    About Richtech Robotics

    Richtech Robotics is a provider of collaborative robotic solutions specializing in the service industry, including the hospitality and healthcare sectors. Our mission is to transform the service industry through collaborative robotic solutions that enhance the customer experience and empower businesses to achieve more. By seamlessly integrating cutting-edge automation, we aspire to create a landscape of enhanced interactions, efficiency, and innovation, propelling organizations toward unparalleled levels of excellence and satisfaction. Learn more at www.RichtechRobotics.com and connect with us on X, LinkedIn and YouTube.

    Forward Looking Statements

    Certain statements in this press release are forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995. These statements may be identified by the use of forward-looking words such as “anticipate,” “believe,” “forecast,” “estimate,” “expect,” and “intend,” among others. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Such forward-looking statements include, but are not limited to, statements regarding the Richtech Robotics’ leadership in AI and automation and investor confidence in Richtech Robotics.

    These forward-looking statements are based on Richtech Robotics’ current expectations and actual results could differ materially. There are a number of factors that could cause actual events to differ materially from those indicated by such forward-looking statements include, among others, risks and uncertainties related to Richtech Robotics’ products, industry and general economic and market conditions. Investors should read the risk factors set forth in Richtech Robotics’ Annual Report on Form 10-K/A, filed with the SEC on March 4, 2025, the IPO Registration Statement and periodic reports filed with the SEC on or after the date thereof. All of Richtech Robotics’ forward-looking statements are expressly qualified by all such risk factors and other cautionary statements. The information set forth herein speaks only as of the date thereof. New risks and uncertainties arise over time, and it is not possible for Richtech Robotics to predict those events or how they may affect Richtech Robotics. If a change to the events and circumstances reflected in Richtech Robotics’ forward-looking statements occurs, Richtech Robotics’ business, financial condition and operating results may vary materially from those expressed in Richtech Robotics’ forward-looking statements.

    Readers are cautioned not to put undue reliance on forward-looking statements, and Richtech Robotics assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events or otherwise.

    Contact:

    Investors:
    CORE IR
    Matt Blazei
    ir@richtechrobotics.com

    Media:
    Timothy Tanksley
    Director of Marketing
    Richtech Robotics, Inc
    press@richtechrobotics.com
    702-534-0050

    The MIL Network –

    July 2, 2025

  • MIL-OSI: Richtech Robotics Announces Inclusion in US small-cap Russell 2000® and Russell 3000® Indices

    Source: GlobeNewswire (MIL-OSI)

    The addition highlights the company’s commitment to delivering long-term shareholder value and driving positive impact through AI-driven robotics

    LAS VEGAS, July 01, 2025 (GLOBE NEWSWIRE) — Richtech Robotics Inc. (Nasdaq: RR) (“Richtech Robotics” or the “Company”), a Nevada-based provider of AI-driven service robots, announces that it has been added to the US small-cap Russell 2000® Index. The inclusion, which took effect after the US market closed on June 27, 2025, was a result of the 2025 Russell Indexes reconstitution. The Russell 2000 Index is a subset of the Russell 3000® Index which is designed to represent approximately 98% of the investable US equity market. It includes approximately 2,000 of the smallest securities based on a combination of their market capitalization and current index membership.

    “Our inclusion in the Russell 2000® and Russell 3000® indices reflects the growing recognition of Richtech Robotics’ leadership in AI and automation,” said Matt Casella, President of Richtech Robotics. “We believe that this milestone underscores rising investor confidence in our vision and validates the significant progress we’ve made with our Titan, Adam, and Scorpion robots. We see this as a launchpad to accelerate innovation, scale strategic partnerships, and expand our market presence as we work to define the future of service robotics.”

    Membership in the Russell 2000® Index, which remains in place for one year, is based on membership in the broad-market Russell 3000® Index. The Company’s stock will also be automatically added to the appropriate growth and value indexes.

    For more information on the Russell 2000® and Russell 3000® Indexes and the Russell indexes reconstitution, visit the “Russell Reconstitution” section on the FTSE Russell website.

    About Richtech Robotics

    Richtech Robotics is a provider of collaborative robotic solutions specializing in the service industry, including the hospitality and healthcare sectors. Our mission is to transform the service industry through collaborative robotic solutions that enhance the customer experience and empower businesses to achieve more. By seamlessly integrating cutting-edge automation, we aspire to create a landscape of enhanced interactions, efficiency, and innovation, propelling organizations toward unparalleled levels of excellence and satisfaction. Learn more at www.RichtechRobotics.com and connect with us on X, LinkedIn and YouTube.

    Forward Looking Statements

    Certain statements in this press release are forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995. These statements may be identified by the use of forward-looking words such as “anticipate,” “believe,” “forecast,” “estimate,” “expect,” and “intend,” among others. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Such forward-looking statements include, but are not limited to, statements regarding the Richtech Robotics’ leadership in AI and automation and investor confidence in Richtech Robotics.

    These forward-looking statements are based on Richtech Robotics’ current expectations and actual results could differ materially. There are a number of factors that could cause actual events to differ materially from those indicated by such forward-looking statements include, among others, risks and uncertainties related to Richtech Robotics’ products, industry and general economic and market conditions. Investors should read the risk factors set forth in Richtech Robotics’ Annual Report on Form 10-K/A, filed with the SEC on March 4, 2025, the IPO Registration Statement and periodic reports filed with the SEC on or after the date thereof. All of Richtech Robotics’ forward-looking statements are expressly qualified by all such risk factors and other cautionary statements. The information set forth herein speaks only as of the date thereof. New risks and uncertainties arise over time, and it is not possible for Richtech Robotics to predict those events or how they may affect Richtech Robotics. If a change to the events and circumstances reflected in Richtech Robotics’ forward-looking statements occurs, Richtech Robotics’ business, financial condition and operating results may vary materially from those expressed in Richtech Robotics’ forward-looking statements.

    Readers are cautioned not to put undue reliance on forward-looking statements, and Richtech Robotics assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events or otherwise.

    Contact:

    Investors:
    CORE IR
    Matt Blazei
    ir@richtechrobotics.com

    Media:
    Timothy Tanksley
    Director of Marketing
    Richtech Robotics, Inc
    press@richtechrobotics.com
    702-534-0050

    The MIL Network –

    July 2, 2025

  • MIL-OSI: Richtech Robotics Announces Inclusion in US small-cap Russell 2000® and Russell 3000® Indices

    Source: GlobeNewswire (MIL-OSI)

    The addition highlights the company’s commitment to delivering long-term shareholder value and driving positive impact through AI-driven robotics

    LAS VEGAS, July 01, 2025 (GLOBE NEWSWIRE) — Richtech Robotics Inc. (Nasdaq: RR) (“Richtech Robotics” or the “Company”), a Nevada-based provider of AI-driven service robots, announces that it has been added to the US small-cap Russell 2000® Index. The inclusion, which took effect after the US market closed on June 27, 2025, was a result of the 2025 Russell Indexes reconstitution. The Russell 2000 Index is a subset of the Russell 3000® Index which is designed to represent approximately 98% of the investable US equity market. It includes approximately 2,000 of the smallest securities based on a combination of their market capitalization and current index membership.

    “Our inclusion in the Russell 2000® and Russell 3000® indices reflects the growing recognition of Richtech Robotics’ leadership in AI and automation,” said Matt Casella, President of Richtech Robotics. “We believe that this milestone underscores rising investor confidence in our vision and validates the significant progress we’ve made with our Titan, Adam, and Scorpion robots. We see this as a launchpad to accelerate innovation, scale strategic partnerships, and expand our market presence as we work to define the future of service robotics.”

    Membership in the Russell 2000® Index, which remains in place for one year, is based on membership in the broad-market Russell 3000® Index. The Company’s stock will also be automatically added to the appropriate growth and value indexes.

    For more information on the Russell 2000® and Russell 3000® Indexes and the Russell indexes reconstitution, visit the “Russell Reconstitution” section on the FTSE Russell website.

    About Richtech Robotics

    Richtech Robotics is a provider of collaborative robotic solutions specializing in the service industry, including the hospitality and healthcare sectors. Our mission is to transform the service industry through collaborative robotic solutions that enhance the customer experience and empower businesses to achieve more. By seamlessly integrating cutting-edge automation, we aspire to create a landscape of enhanced interactions, efficiency, and innovation, propelling organizations toward unparalleled levels of excellence and satisfaction. Learn more at www.RichtechRobotics.com and connect with us on X, LinkedIn and YouTube.

    Forward Looking Statements

    Certain statements in this press release are forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995. These statements may be identified by the use of forward-looking words such as “anticipate,” “believe,” “forecast,” “estimate,” “expect,” and “intend,” among others. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Such forward-looking statements include, but are not limited to, statements regarding the Richtech Robotics’ leadership in AI and automation and investor confidence in Richtech Robotics.

    These forward-looking statements are based on Richtech Robotics’ current expectations and actual results could differ materially. There are a number of factors that could cause actual events to differ materially from those indicated by such forward-looking statements include, among others, risks and uncertainties related to Richtech Robotics’ products, industry and general economic and market conditions. Investors should read the risk factors set forth in Richtech Robotics’ Annual Report on Form 10-K/A, filed with the SEC on March 4, 2025, the IPO Registration Statement and periodic reports filed with the SEC on or after the date thereof. All of Richtech Robotics’ forward-looking statements are expressly qualified by all such risk factors and other cautionary statements. The information set forth herein speaks only as of the date thereof. New risks and uncertainties arise over time, and it is not possible for Richtech Robotics to predict those events or how they may affect Richtech Robotics. If a change to the events and circumstances reflected in Richtech Robotics’ forward-looking statements occurs, Richtech Robotics’ business, financial condition and operating results may vary materially from those expressed in Richtech Robotics’ forward-looking statements.

    Readers are cautioned not to put undue reliance on forward-looking statements, and Richtech Robotics assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events or otherwise.

    Contact:

    Investors:
    CORE IR
    Matt Blazei
    ir@richtechrobotics.com

    Media:
    Timothy Tanksley
    Director of Marketing
    Richtech Robotics, Inc
    press@richtechrobotics.com
    702-534-0050

    The MIL Network –

    July 2, 2025

  • MIL-OSI: Roper Technologies schedules second quarter 2025 financial results conference call

    Source: GlobeNewswire (MIL-OSI)

    SARASOTA, Fla., July 01, 2025 (GLOBE NEWSWIRE) — Roper Technologies, Inc. (Nasdaq: ROP) announced that its financial results for the second quarter of 2025, ended June 30, 2025, will be released before the market opens on Monday, July 21, 2025. A conference call to discuss these results has been scheduled for 8:00 AM ET on Monday, July 21, 2025. The call can be accessed via webcast or by dialing +1 800-836-8184 (US/Canada) or +1 646-357-8785, using conference call ID 87418. Webcast information and conference call materials will be made available in the Investors section of Roper’s website prior to the start of the call.

    About Roper Technologies

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

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

    The MIL Network –

    July 2, 2025

  • MIL-OSI: SLR Investment Corp. Schedules the Release of its Financial Results for the Quarter Ended June 30, 2025

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, July 01, 2025 (GLOBE NEWSWIRE) — SLR Investment Corp. (the “Company”) (NASDAQ: SLRC) today announced that it will release its financial results for the quarter ended June 30, 2025 on Tuesday, August 5, 2025 after the close of the financial markets.

    The Company will host an earnings conference call and audio webcast at 10:00 a.m. (Eastern Time) on Wednesday, August 6, 2025.

    All interested parties may participate in the conference call by dialing (800) 245-3047 approximately 5-10 minutes prior to the call, international callers should dial (203) 518-9765. Participants should reference SLR Investment Corp. and Conference ID: SLRC2Q25. A telephone replay will be available until August 20, 2025 and can be accessed by dialing (800) 839-8389. International callers should dial (402) 271-9156.

    This conference call will also be broadcast live over the Internet and can be accessed by all interested parties from the Event Calendar within the “Investors” tab of SLR Investment Corp.’s website, https://slrinvestmentcorp.com/Investors/Event-Calendar. Please register online prior to the start of the call. For those who are not able to listen to the broadcast live, a replay of the webcast will be available soon after the call.

    ABOUT SLR INVESTMENT CORP.

    SLR Investment Corp. is a closed-end investment company that has elected to be treated as a business development company under the Investment Company Act of 1940. A specialty finance company with expertise in several niche markets, the Company primarily invests directly and indirectly in leveraged, U. S. middle market companies in the form of cash flow senior secured loans including first lien and second lien debt instruments and asset-based loans including senior secured loans collateralized on a first lien basis primarily by current assets.

    Contact:

    SLR Investment Corp.
    Richard Pivirotto
    646-308-8770

    The MIL Network –

    July 2, 2025

  • MIL-OSI: Retail investors use ETHRANSACTION: BTC, XRP, USDC and other mainstream currencies for cloud mining, earning a stable income of per day

    Source: GlobeNewswire (MIL-OSI)

    York, England, July 01, 2025 (GLOBE NEWSWIRE) — Cryptocurrency and blockchain technology could reshape personal finance in the next decade. Even if you’ve never bought Bitcoin, Ethereum, XRP, or any other digital currency, its impact could affect how you save, spend, and manage your money. Here are three ways cryptocurrencies could change your financial life. The most immediate change will be how people send and receive money by simplifying cross-border payments.

    So ETHRANSACTION has launched a plan contract suitable for people in all fields to allow retail investors to have their own crypto savings in advance in the next decade; so that retail investors can get a stable passive income from cloud mining.

    ETHRANSACTION is driven by clean energy: it not only saves a lot of energy consumption, but also generates high profits, allowing investors to see the potential of new energy. ETHRANSACTION
    Has advanced cryptocurrency mining equipment, sites, maintenance facilities, and cheap clean electricity. If you want to participate in mining, ETHRANSACTION is the perfect choice for cryptocurrency enthusiasts.
    You can participate in mining without any equipment and easily earn $9,075 a day.

    How to mine in the ETHRANSACTION cloud:

    1: Sign up now to get a $19 reward (can be used to earn $0.9 for daily sign-in)

    2: Choose a contract: After successfully registering, the next step is to choose a mining contract that meets your goals and budget. ETHRANSACTION offers a variety of contracts to meet different needs, whether you are a beginner or an experienced miner. Take a close look at the available options and consider factors such as contract duration, potential returns, and associated costs.

    3: Unprecedented profit potential
    What makes ETHRANSACTION different is its high profit potential. Users can earn up to more than $9,075 per day, making it one of the most profitable cloud mining platforms. This passive income model allows investors to earn substantial income without a lot of knowledge or involvement in the mining process.

    ETHRANSACTION has 8.73 million users worldwide. Sign up now to join the cloud mining contract for free. Give yourself a chance, which is equivalent to giving yourself a future.

    Click to download the official App and control your financial freedom anytime, anywhere!

    Security and Sustainability: Trustworthy Investments

    Security and transparency are at the core of ETHRANSACTION operations. The platform ensures that user funds are protected while complying with industry regulations. By utilizing clean energy, ETHRANSACTION not only maximizes profits but also minimizes environmental impact, making it a truly sustainable investment opportunity.

    Daily Passive Income Potential for ETHRANSACTION Miners

    Are you tired of the limitations of traditional repetitive work? Are you looking for a way to make money even while you sleep? ETHRANSACTION’s passive income opportunity is not to be missed. With a potential income of $7.5-9075 per day, it is not to be missed. ETHRANSACTION operates using solar energy and cryptocurrency mining. Individuals do not need to actively participate, just invest in purchasing a plan contract to make a huge profit. It’s like having your own money-making machine!

    Choose a contract that suits your investment strategy:

    For more information on the new contracts, visit the official ETHRANSACTION platform website: https://ethransaction.vip

    4: Start earning: Once you have selected and activated your mining contract, you can sit back and wait for the system to work for you. ETHRANSACTION’s advanced technology ensures that your mining operation runs efficiently, maximizing your potential earnings.

    Affiliate Program: Earn money without investing

    For users looking to earn extra income, ETHRANSACTION offers an exclusive affiliate program where users can refer others and earn up to $99,000 in commissions. Unlimited referrals, unlimited profit potential.

    Start earning money today!

    If you are looking for passive income opportunities, ETHRANSACTION is your gateway to financial growth. With a seamless platform, secure infrastructure, and unparalleled profitability, ETHRANSACTION is reinventing the future of cloud mining.

    As your mining activities progress, you will begin to see profits accumulating in your account. Track your performance through the platform’s dashboard and withdraw your earnings when you are ready. ETHRANSACTION Platform Advantages:

    1: Intuitive Interface: The platform’s user-friendly interface ensures that even cryptocurrency novices can easily navigate.

    2: Legitimacy and Global Audience: The platform was legally established in the UK in 2017, protected and issued by the UK government, and has attracted more than 8.73 million real users worldwide with cutting-edge technology.

    3: Cutting-edge equipment: Using mining equipment provided by top mining machine manufacturers such as Bitmain, Shenma Miner and Canaan Creative to ensure the stable operation and efficient production capacity of Bitcoin miners.

    4: Support a variety of popular cryptocurrencies: such as USDT-TRC20, BTC, ETH, LTC, USDC, BNB, BCH, DOGE, XRP, etc. for settlement.

    5: Stable income: The contracts launched by the platform have income every 24 hours, and the principal is automatically returned after the contract expires.

    6: Affiliate Program: You can recommend friends and get a referral bonus of up to $99,000.

    7: Professional team: The platform has an experienced IT team and 24/7 real-time customer service team support to ensure that users can solve problems in a timely manner.

    Summary:

    ETHRANSACTION service platform is a legal, compliant, safe, reliable company that abides by local laws and regulations. The mission is to enable everyone to conduct cloud mining, and any region can remotely monitor their income in real time. Click here to start learning about the ETHRANSACTION platform and start your cloud mining journey.

    Media contact:
    Email: info@ethransaction.vip
    Official website: http://ethransaction.vip/

    Attachment

    • ETHRANSACTIONCONS

    The MIL Network –

    July 2, 2025

  • MIL-OSI: SC Capital Holding in Advanced Talks for Strategic Hospitality Acquisition in Cyprus

    Source: GlobeNewswire (MIL-OSI)

    ZUG, Switzerland, July 01, 2025 (GLOBE NEWSWIRE) — Switzerland-based SC Capital Holding AG confirmed today that it is in late-stage discussions to acquire a landmark luxury hotel on the southern coast of Cyprus, marking the firm’s entry into the island nation as part of its growing Mediterranean portfolio.

    “Cyprus offers the confluence of architectural heritage, year-round airlift, and upscale leisure demand that fits perfectly with our value-creation model,” said Simo Chaabani, Chief Executive Officer of SC Capital Holding. “We are targeting properties where targeted investment and operational enhancements can create long-term value for guests and investors alike.”

    Chaabani and a delegation of senior executives completed a series of on-island inspections last week, visiting select assets in Limassol and Paphos. The itinerary focuses on hotels with strong architectural bones, unobstructed beachfront frontage, and expansion potential for low-rise branded residences.

    Building on a Proven Mediterranean Playbook
    The Cypriot pursuit follows SC Capital Holding’s recently announced pipeline in Albania, where the firm is evaluating more than 500 keys across Sarandë and Vlorë. Coupled with active projects in Central Europe, the Cyprus initiative underscores a disciplined regional thesis: acquire under-tapped coastal or city-center assets, inject best-in-class sustainability features, and drive superior RevPAR growth through data-driven revenue management.

    “Our partners understand that hospitality transformations are rarely cosmetic,” Simo Chaabani noted. “We go deep, recasting energy systems, digitizing the guest journey, and hard-wiring ESG metrics into every line item of the business plan. SC Capital Holding’s decades of cumulative hotel experience span corporate banking, hotel asset management, and construction engineering.” Recent projects exceeded energy-efficiency targets while lifting operating margins into the high teens, a performance Simo Chaabani calls “a rehearsal for what we intend to accomplish in Cyprus.”

    This flight was 100% offset with carbon compensation.

    Market Tailwinds Favour Cyprus
    Tourism arrivals to Cyprus surpassed 4.4 million in 2024, approaching pre-pandemic peaks, while average daily rates for five-star hotels climbed 9 percent year-on-year, according to national tourism data. Yet many legacy properties still operate below their potential, lacking the sustainability credentials and brand affiliations required by today’s global traveler.

    “Cyprus sits at the crossroads of Europe, the Middle East, and North Africa, but much of its luxury inventory has stood still,” Simo Chaabani said. “That disconnect between destination appeal and asset performance positions us to create a genuine flagship.”

    Sustainability and Smart-Hotel Technologies at the Core
    Every SC Capital Holding acquisition is evaluated against a proprietary “green conversion roadmap,” which targets:

    • LEED Gold or BREEAM Excellent certification within three years
    • 40 percent renewable-energy adoption via rooftop solar arrays and battery storage
    • 30 percent water-consumption reductions through grey-water recycling and low-flow fixtures
    • 75 percent waste-diversion rates supported by on-site composting and recycling partnerships

    Layered atop these environmental benchmarks is the firm’s Smart-Stay™ technology stack, AI-powered energy management, contactless guest journeys, and predictive maintenance tools that collectively trim utility spending while elevating the guest experience.

    “Efficiency and luxury are not mutually exclusive,” Simo Chaabani asserted. “Our guests will enjoy Ionian Sea views in rooms powered by renewable energy and enhanced with smart technology, that is the future of premium hospitality.”

    “We believe in working closely with local partners and stakeholders,” Simo Chaabani emphasized. “Success depends on aligning with municipal leaders, community stakeholders, and world-class operators who share our commitment to responsible growth.”

    For acquisition proposals or partnership inquiries, contact SC Capital Holding executive reception , to the attention of Mrs Allyson Roscoe, director of deal sourcing : contact@sccapitalholding.ch

    Learn more at: https://sccapitalholding.ch/

    About SC Capital Holding AG
    Headquartered in Zug, Switzerland, SC Capital Holding AG is a privately held investment group specializing in the acquisition, development, and management of hospitality assets across Europe. The firm combines disciplined capital allocation, sustainability leadership, and a technology-first mindset to deliver superior risk-adjusted returns.

    Media Contact
    Company Name: SC Capital Holding
    Contact Person: Allyson Roscoe
    Email: contact@sccapitalholding.ch
    Website: www.sccapitalholding.ch

    Disclaimer: This press release is provided by the SC Capital Holding. The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. This content is for informational purposes only and should not be considered financial, investment, or trading advice. Investing involves significant risks, including the potential loss of capital. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release.Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release. In the event of any legal claims or charges against this article, we accept no liability or responsibility.

    Legal Disclaimer: This media platform provides the content of this article on an “as-is” basis, without any warranties or representations of any kind, express or implied. We do not assume any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information presented herein. Any concerns, complaints, or copyright issues related to this article should be directed to the content provider mentioned above.

    Photos accompanying this announcement are available at :

    https://www.globenewswire.com/NewsRoom/AttachmentNg/fe3e461c-1239-4ca6-9b38-d07e5747f66d

    https://www.globenewswire.com/NewsRoom/AttachmentNg/c107d9ae-4a08-4fa2-b4b4-a7b2206570b0

    The MIL Network –

    July 2, 2025

  • MIL-OSI: SC Capital Holding in Advanced Talks for Strategic Hospitality Acquisition in Cyprus

    Source: GlobeNewswire (MIL-OSI)

    ZUG, Switzerland, July 01, 2025 (GLOBE NEWSWIRE) — Switzerland-based SC Capital Holding AG confirmed today that it is in late-stage discussions to acquire a landmark luxury hotel on the southern coast of Cyprus, marking the firm’s entry into the island nation as part of its growing Mediterranean portfolio.

    “Cyprus offers the confluence of architectural heritage, year-round airlift, and upscale leisure demand that fits perfectly with our value-creation model,” said Simo Chaabani, Chief Executive Officer of SC Capital Holding. “We are targeting properties where targeted investment and operational enhancements can create long-term value for guests and investors alike.”

    Chaabani and a delegation of senior executives completed a series of on-island inspections last week, visiting select assets in Limassol and Paphos. The itinerary focuses on hotels with strong architectural bones, unobstructed beachfront frontage, and expansion potential for low-rise branded residences.

    Building on a Proven Mediterranean Playbook
    The Cypriot pursuit follows SC Capital Holding’s recently announced pipeline in Albania, where the firm is evaluating more than 500 keys across Sarandë and Vlorë. Coupled with active projects in Central Europe, the Cyprus initiative underscores a disciplined regional thesis: acquire under-tapped coastal or city-center assets, inject best-in-class sustainability features, and drive superior RevPAR growth through data-driven revenue management.

    “Our partners understand that hospitality transformations are rarely cosmetic,” Simo Chaabani noted. “We go deep, recasting energy systems, digitizing the guest journey, and hard-wiring ESG metrics into every line item of the business plan. SC Capital Holding’s decades of cumulative hotel experience span corporate banking, hotel asset management, and construction engineering.” Recent projects exceeded energy-efficiency targets while lifting operating margins into the high teens, a performance Simo Chaabani calls “a rehearsal for what we intend to accomplish in Cyprus.”

    This flight was 100% offset with carbon compensation.

    Market Tailwinds Favour Cyprus
    Tourism arrivals to Cyprus surpassed 4.4 million in 2024, approaching pre-pandemic peaks, while average daily rates for five-star hotels climbed 9 percent year-on-year, according to national tourism data. Yet many legacy properties still operate below their potential, lacking the sustainability credentials and brand affiliations required by today’s global traveler.

    “Cyprus sits at the crossroads of Europe, the Middle East, and North Africa, but much of its luxury inventory has stood still,” Simo Chaabani said. “That disconnect between destination appeal and asset performance positions us to create a genuine flagship.”

    Sustainability and Smart-Hotel Technologies at the Core
    Every SC Capital Holding acquisition is evaluated against a proprietary “green conversion roadmap,” which targets:

    • LEED Gold or BREEAM Excellent certification within three years
    • 40 percent renewable-energy adoption via rooftop solar arrays and battery storage
    • 30 percent water-consumption reductions through grey-water recycling and low-flow fixtures
    • 75 percent waste-diversion rates supported by on-site composting and recycling partnerships

    Layered atop these environmental benchmarks is the firm’s Smart-Stay™ technology stack, AI-powered energy management, contactless guest journeys, and predictive maintenance tools that collectively trim utility spending while elevating the guest experience.

    “Efficiency and luxury are not mutually exclusive,” Simo Chaabani asserted. “Our guests will enjoy Ionian Sea views in rooms powered by renewable energy and enhanced with smart technology, that is the future of premium hospitality.”

    “We believe in working closely with local partners and stakeholders,” Simo Chaabani emphasized. “Success depends on aligning with municipal leaders, community stakeholders, and world-class operators who share our commitment to responsible growth.”

    For acquisition proposals or partnership inquiries, contact SC Capital Holding executive reception , to the attention of Mrs Allyson Roscoe, director of deal sourcing : contact@sccapitalholding.ch

    Learn more at: https://sccapitalholding.ch/

    About SC Capital Holding AG
    Headquartered in Zug, Switzerland, SC Capital Holding AG is a privately held investment group specializing in the acquisition, development, and management of hospitality assets across Europe. The firm combines disciplined capital allocation, sustainability leadership, and a technology-first mindset to deliver superior risk-adjusted returns.

    Media Contact
    Company Name: SC Capital Holding
    Contact Person: Allyson Roscoe
    Email: contact@sccapitalholding.ch
    Website: www.sccapitalholding.ch

    Disclaimer: This press release is provided by the SC Capital Holding. The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. This content is for informational purposes only and should not be considered financial, investment, or trading advice. Investing involves significant risks, including the potential loss of capital. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release.Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release. In the event of any legal claims or charges against this article, we accept no liability or responsibility.

    Legal Disclaimer: This media platform provides the content of this article on an “as-is” basis, without any warranties or representations of any kind, express or implied. We do not assume any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information presented herein. Any concerns, complaints, or copyright issues related to this article should be directed to the content provider mentioned above.

    Photos accompanying this announcement are available at :

    https://www.globenewswire.com/NewsRoom/AttachmentNg/fe3e461c-1239-4ca6-9b38-d07e5747f66d

    https://www.globenewswire.com/NewsRoom/AttachmentNg/c107d9ae-4a08-4fa2-b4b4-a7b2206570b0

    The MIL Network –

    July 2, 2025

  • MIL-OSI: SC Capital Holding in Advanced Talks for Strategic Hospitality Acquisition in Cyprus

    Source: GlobeNewswire (MIL-OSI)

    ZUG, Switzerland, July 01, 2025 (GLOBE NEWSWIRE) — Switzerland-based SC Capital Holding AG confirmed today that it is in late-stage discussions to acquire a landmark luxury hotel on the southern coast of Cyprus, marking the firm’s entry into the island nation as part of its growing Mediterranean portfolio.

    “Cyprus offers the confluence of architectural heritage, year-round airlift, and upscale leisure demand that fits perfectly with our value-creation model,” said Simo Chaabani, Chief Executive Officer of SC Capital Holding. “We are targeting properties where targeted investment and operational enhancements can create long-term value for guests and investors alike.”

    Chaabani and a delegation of senior executives completed a series of on-island inspections last week, visiting select assets in Limassol and Paphos. The itinerary focuses on hotels with strong architectural bones, unobstructed beachfront frontage, and expansion potential for low-rise branded residences.

    Building on a Proven Mediterranean Playbook
    The Cypriot pursuit follows SC Capital Holding’s recently announced pipeline in Albania, where the firm is evaluating more than 500 keys across Sarandë and Vlorë. Coupled with active projects in Central Europe, the Cyprus initiative underscores a disciplined regional thesis: acquire under-tapped coastal or city-center assets, inject best-in-class sustainability features, and drive superior RevPAR growth through data-driven revenue management.

    “Our partners understand that hospitality transformations are rarely cosmetic,” Simo Chaabani noted. “We go deep, recasting energy systems, digitizing the guest journey, and hard-wiring ESG metrics into every line item of the business plan. SC Capital Holding’s decades of cumulative hotel experience span corporate banking, hotel asset management, and construction engineering.” Recent projects exceeded energy-efficiency targets while lifting operating margins into the high teens, a performance Simo Chaabani calls “a rehearsal for what we intend to accomplish in Cyprus.”

    This flight was 100% offset with carbon compensation.

    Market Tailwinds Favour Cyprus
    Tourism arrivals to Cyprus surpassed 4.4 million in 2024, approaching pre-pandemic peaks, while average daily rates for five-star hotels climbed 9 percent year-on-year, according to national tourism data. Yet many legacy properties still operate below their potential, lacking the sustainability credentials and brand affiliations required by today’s global traveler.

    “Cyprus sits at the crossroads of Europe, the Middle East, and North Africa, but much of its luxury inventory has stood still,” Simo Chaabani said. “That disconnect between destination appeal and asset performance positions us to create a genuine flagship.”

    Sustainability and Smart-Hotel Technologies at the Core
    Every SC Capital Holding acquisition is evaluated against a proprietary “green conversion roadmap,” which targets:

    • LEED Gold or BREEAM Excellent certification within three years
    • 40 percent renewable-energy adoption via rooftop solar arrays and battery storage
    • 30 percent water-consumption reductions through grey-water recycling and low-flow fixtures
    • 75 percent waste-diversion rates supported by on-site composting and recycling partnerships

    Layered atop these environmental benchmarks is the firm’s Smart-Stay™ technology stack, AI-powered energy management, contactless guest journeys, and predictive maintenance tools that collectively trim utility spending while elevating the guest experience.

    “Efficiency and luxury are not mutually exclusive,” Simo Chaabani asserted. “Our guests will enjoy Ionian Sea views in rooms powered by renewable energy and enhanced with smart technology, that is the future of premium hospitality.”

    “We believe in working closely with local partners and stakeholders,” Simo Chaabani emphasized. “Success depends on aligning with municipal leaders, community stakeholders, and world-class operators who share our commitment to responsible growth.”

    For acquisition proposals or partnership inquiries, contact SC Capital Holding executive reception , to the attention of Mrs Allyson Roscoe, director of deal sourcing : contact@sccapitalholding.ch

    Learn more at: https://sccapitalholding.ch/

    About SC Capital Holding AG
    Headquartered in Zug, Switzerland, SC Capital Holding AG is a privately held investment group specializing in the acquisition, development, and management of hospitality assets across Europe. The firm combines disciplined capital allocation, sustainability leadership, and a technology-first mindset to deliver superior risk-adjusted returns.

    Media Contact
    Company Name: SC Capital Holding
    Contact Person: Allyson Roscoe
    Email: contact@sccapitalholding.ch
    Website: www.sccapitalholding.ch

    Disclaimer: This press release is provided by the SC Capital Holding. The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. This content is for informational purposes only and should not be considered financial, investment, or trading advice. Investing involves significant risks, including the potential loss of capital. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release.Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release. In the event of any legal claims or charges against this article, we accept no liability or responsibility.

    Legal Disclaimer: This media platform provides the content of this article on an “as-is” basis, without any warranties or representations of any kind, express or implied. We do not assume any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information presented herein. Any concerns, complaints, or copyright issues related to this article should be directed to the content provider mentioned above.

    Photos accompanying this announcement are available at :

    https://www.globenewswire.com/NewsRoom/AttachmentNg/fe3e461c-1239-4ca6-9b38-d07e5747f66d

    https://www.globenewswire.com/NewsRoom/AttachmentNg/c107d9ae-4a08-4fa2-b4b4-a7b2206570b0

    The MIL Network –

    July 2, 2025

  • MIL-OSI: Nasdaq Welcomes 142 IPOs in the First Half of 2025

    Source: GlobeNewswire (MIL-OSI)

    Highest volume of listings and capital raise in the first half of the year since 2021

    Maintained leadership in switches – crossed $3 trillion in market value transferred since 2005

    Driving smart policy reforms to improve regulatory processes for public companies

    NEW YORK, July 01, 2025 (GLOBE NEWSWIRE) — Nasdaq (Nasdaq: NDAQ) announced today that in the first half of 2025, it welcomed 142 listings (IPOs), raising a total of $19.2 billion. A total of 83 operating companies and 59 SPACs listed on Nasdaq during the first six months of 2025, representing an 86% win-rate of Nasdaq-eligible listings in the U.S. market, and extending Nasdaq’s leadership to 46 consecutive quarters. In addition to the IPOs, 11 companies transferred their corporate listings to Nasdaq, crossing the threshold of $3 trillion in total market value from exchange transfers since 2005.

    “The first half of the year has seen an impressive volume and roster of companies coming to market, with Nasdaq cementing its position as home to innovative brands across sectors including financial technology, digital assets, and biotech. Nasdaq’s client-first value proposition continues to attract companies via new listings and exchange transfers, a testament to our ability to support at all stages of a company’s lifecycle.” said Jeff Thomas, Executive Vice President, Chief Revenue Officer and Global Head of Listings at Nasdaq. “For the first time this year, the Nasdaq IPO Pulse Index ticked upwards, following higher returns, valuations, and encouraging conditions for listing. We’re looking forward to promising activity in the months ahead.”

    A video accompanying this announcement is available at: https://vimeo.com/nasdaq/2025listinghighlights

    2025 FIRST HALF NASDAQ U.S. LISTINGS HIGHLIGHTS

    • U.S. listings market leadership: Year-to-date, Nasdaq welcomed 142 IPOs, raising $19.2 billion. Marquee listings include the largest technology IPO of the year, CoreWeave, fintech powerhouse, Chime, and digital asset leader, Galaxy Digital. This is the highest volume of listings and capital raise on Nasdaq in the first half of the year since 2021.
    • Exchange of choice for switches: In the first half of 2025, 11 companies transferred their corporate listing to Nasdaq, totaling $271 billion and including Shopify, the largest exchange transfer so far this year, representing $123 billion in market cap, as well as leading consumer-goods brand, Kimberly-Clark.
    • Leading U.S. exchange for consumer and healthcare IPOs: Nasdaq maintained its strong track records for consumer (100% win-rate) and healthcare (89% win-rate), with sector-defining listings including Smithfield Foods and Metsera, a GLP-1 developer.
    • Helping companies join the public markets via SPACs: A total of 20 SPAC business combinations also listed in the first 6 months of 2025, representing an 95%-win rate in the U.S. Further, Nasdaq continued its influence in the SPAC market, welcoming 94% of all eligible SPAC IPOs, raising $10.6 billion and including the largest SPAC listing of the year with Churchill Capital Corp X.
    • Championing smart regulatory reform to encourage capital formation: To enhance the current operating environment for public companies and drive capital formation, Nasdaq recently published a new white paper calling for regulatory reform to strengthen the capital markets. Public markets help many Americans secure their economic future through retirement accounts and investments, yet it has become increasingly cumbersome for companies to go public or remain public. There is a critical need to build and protect the markets, modernize the regulatory environment in which it operates, and restore their essential role in wealth creation for all Americans.
    • Major Nasdaq listing anniversaries: Nasdaq celebrated the listing anniversaries of Huntington Bancshares Inc (40 years), Cisco Systems, Inc. (35 years), Autodesk Inc. (30 years), DexCom, Inc. (20 years), PayPal Holdings, Inc. (10 years), as well as the first-year listing anniversary of Waystar.

    About Nasdaq:
    Nasdaq (Nasdaq: NDAQ) is a leading global technology company serving corporate clients, investment managers, banks, brokers, and exchange operators as they navigate and interact with the global capital markets and the broader financial system. We aspire to deliver world-leading platforms that improve the liquidity, transparency, and integrity of the global economy. Our diverse offering of data, analytics, software, exchange capabilities, and client-centric services enables clients to optimize and execute their business vision with confidence. To learn more about the company, technology solutions, and career opportunities, visit us on LinkedIn, on X @Nasdaq, or at www.nasdaq.com

    -NDAQG- 

    Cautionary Note Regarding Forward-Looking Statements
     Information set forth in this communication contains forward-looking statements that involve a number of risks and uncertainties. Nasdaq cautions readers that any forward-looking information is not a guarantee of future performance and that actual results could differ materially from those contained in the forward-looking information. Forward-looking statements can be identified by words such “will,” “plans,” “expects,” “may,” “believe” and other words and terms of similar meaning. Such forward-looking statements include, but are not limited to, statements about the Company’s growth strategy and market expectations, products and services, ability to enhance or innovate new ways for companies to join the public markets, and other statements that are not historical facts. Forward-looking statements involve a number of risks, uncertainties, or other factors beyond Nasdaq’s control. These risks and uncertainties are detailed in Nasdaq’s filings with the U.S. Securities and Exchange Commission, including its annual reports on Form 10-K and quarterly reports on Form 10-Q which are available on Nasdaq’s investor relations website at ir.nasdaq.com and the SEC’s website at www.sec.gov. Nasdaq undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events or otherwise.

    The MIL Network –

    July 2, 2025

  • MIL-OSI: Nasdaq Welcomes 142 IPOs in the First Half of 2025

    Source: GlobeNewswire (MIL-OSI)

    Highest volume of listings and capital raise in the first half of the year since 2021

    Maintained leadership in switches – crossed $3 trillion in market value transferred since 2005

    Driving smart policy reforms to improve regulatory processes for public companies

    NEW YORK, July 01, 2025 (GLOBE NEWSWIRE) — Nasdaq (Nasdaq: NDAQ) announced today that in the first half of 2025, it welcomed 142 listings (IPOs), raising a total of $19.2 billion. A total of 83 operating companies and 59 SPACs listed on Nasdaq during the first six months of 2025, representing an 86% win-rate of Nasdaq-eligible listings in the U.S. market, and extending Nasdaq’s leadership to 46 consecutive quarters. In addition to the IPOs, 11 companies transferred their corporate listings to Nasdaq, crossing the threshold of $3 trillion in total market value from exchange transfers since 2005.

    “The first half of the year has seen an impressive volume and roster of companies coming to market, with Nasdaq cementing its position as home to innovative brands across sectors including financial technology, digital assets, and biotech. Nasdaq’s client-first value proposition continues to attract companies via new listings and exchange transfers, a testament to our ability to support at all stages of a company’s lifecycle.” said Jeff Thomas, Executive Vice President, Chief Revenue Officer and Global Head of Listings at Nasdaq. “For the first time this year, the Nasdaq IPO Pulse Index ticked upwards, following higher returns, valuations, and encouraging conditions for listing. We’re looking forward to promising activity in the months ahead.”

    A video accompanying this announcement is available at: https://vimeo.com/nasdaq/2025listinghighlights

    2025 FIRST HALF NASDAQ U.S. LISTINGS HIGHLIGHTS

    • U.S. listings market leadership: Year-to-date, Nasdaq welcomed 142 IPOs, raising $19.2 billion. Marquee listings include the largest technology IPO of the year, CoreWeave, fintech powerhouse, Chime, and digital asset leader, Galaxy Digital. This is the highest volume of listings and capital raise on Nasdaq in the first half of the year since 2021.
    • Exchange of choice for switches: In the first half of 2025, 11 companies transferred their corporate listing to Nasdaq, totaling $271 billion and including Shopify, the largest exchange transfer so far this year, representing $123 billion in market cap, as well as leading consumer-goods brand, Kimberly-Clark.
    • Leading U.S. exchange for consumer and healthcare IPOs: Nasdaq maintained its strong track records for consumer (100% win-rate) and healthcare (89% win-rate), with sector-defining listings including Smithfield Foods and Metsera, a GLP-1 developer.
    • Helping companies join the public markets via SPACs: A total of 20 SPAC business combinations also listed in the first 6 months of 2025, representing an 95%-win rate in the U.S. Further, Nasdaq continued its influence in the SPAC market, welcoming 94% of all eligible SPAC IPOs, raising $10.6 billion and including the largest SPAC listing of the year with Churchill Capital Corp X.
    • Championing smart regulatory reform to encourage capital formation: To enhance the current operating environment for public companies and drive capital formation, Nasdaq recently published a new white paper calling for regulatory reform to strengthen the capital markets. Public markets help many Americans secure their economic future through retirement accounts and investments, yet it has become increasingly cumbersome for companies to go public or remain public. There is a critical need to build and protect the markets, modernize the regulatory environment in which it operates, and restore their essential role in wealth creation for all Americans.
    • Major Nasdaq listing anniversaries: Nasdaq celebrated the listing anniversaries of Huntington Bancshares Inc (40 years), Cisco Systems, Inc. (35 years), Autodesk Inc. (30 years), DexCom, Inc. (20 years), PayPal Holdings, Inc. (10 years), as well as the first-year listing anniversary of Waystar.

    About Nasdaq:
    Nasdaq (Nasdaq: NDAQ) is a leading global technology company serving corporate clients, investment managers, banks, brokers, and exchange operators as they navigate and interact with the global capital markets and the broader financial system. We aspire to deliver world-leading platforms that improve the liquidity, transparency, and integrity of the global economy. Our diverse offering of data, analytics, software, exchange capabilities, and client-centric services enables clients to optimize and execute their business vision with confidence. To learn more about the company, technology solutions, and career opportunities, visit us on LinkedIn, on X @Nasdaq, or at www.nasdaq.com

    -NDAQG- 

    Cautionary Note Regarding Forward-Looking Statements
     Information set forth in this communication contains forward-looking statements that involve a number of risks and uncertainties. Nasdaq cautions readers that any forward-looking information is not a guarantee of future performance and that actual results could differ materially from those contained in the forward-looking information. Forward-looking statements can be identified by words such “will,” “plans,” “expects,” “may,” “believe” and other words and terms of similar meaning. Such forward-looking statements include, but are not limited to, statements about the Company’s growth strategy and market expectations, products and services, ability to enhance or innovate new ways for companies to join the public markets, and other statements that are not historical facts. Forward-looking statements involve a number of risks, uncertainties, or other factors beyond Nasdaq’s control. These risks and uncertainties are detailed in Nasdaq’s filings with the U.S. Securities and Exchange Commission, including its annual reports on Form 10-K and quarterly reports on Form 10-Q which are available on Nasdaq’s investor relations website at ir.nasdaq.com and the SEC’s website at www.sec.gov. Nasdaq undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events or otherwise.

    The MIL Network –

    July 2, 2025

  • MIL-OSI: MARA Reports June 2025 Bitcoin Production and Mining Operations Update, Issues Mid-Year Outlook

    Source: GlobeNewswire (MIL-OSI)

    Targeting 75 EH/s by Year-End
    211 Blocks Won in June, 25% Decrease M/M
    Increased BTC Holdings* to 49,940 BTC

    Miami, FL, July 01, 2025 (GLOBE NEWSWIRE) — MARA Holdings, Inc. (NASDAQ: MARA) (“MARA” or the “Company”), a leading digital energy and infrastructure company, today published unaudited bitcoin (“bitcoin” or “BTC”) production updates for June 2025 and provided its hashrate outlook for the full year.

    Management Commentary
    “With 1.7 gigawatts (“GW”) of captive capacity – including 1.1 GW currently operational – and a growth pipeline exceeding 3 GW of low-cost power opportunities, we are targeting 75 exahash by the end of 2025. This target represents over 40% growth from 2024, supported by machine orders already in place,” said Fred Thiel, MARA’s chairman and CEO. “As the largest public bitcoin miner, this goal aligns with both our rapid expansion and commitment to low-cost power with efficient capital deployment.

    “Following a record-breaking May, production in June came in lower, with 211 blocks won for the month. The decrease was primarily due to reduced uptime from weather-related curtailment and the temporary deployment of older machines in Garden City while storm-related damage was being remediated. Natural variability in block luck – an expected dynamic when operating our own mining pool – also contributed.

    “We’re excited to be approaching 50,000 bitcoin, a testament to the scale of our operations and the strength of our strategy. This milestone reflects our disciplined approach to accumulating bitcoin through both mining and strategic purchases, and our continued commitment to building long-term value for our shareholders.”

    Operational Highlights and Updates
    Figure 1: Operational Highlights

        Prior Month Comparison  
    Metric   6/30/2025     5/31/2025     % Δ  
    Number of Blocks Won 1     211       282       (25 )%
    BTC Produced     713       950       (25 )%
    Average BTC Produced per Day     23.8       30.7       (23 )%
    Share of available miner rewards 2     5.4 %     6.5 %     NM  
    Transaction Fees as % of Total 1     1.4 %     1.5 %     NM  
    Energized Hashrate (EH/s) 1     57.4       58.3       (2 )%
    1. These metrics are MARAPool only and do not include blocks won from joint ventures.
    2. Defined as the total amount of block rewards including transaction fees that MARA earned during the period divided by the total amount of block rewards and transaction fees awarded by the Bitcoin network during the period.

    NM – Not Meaningful

    As of June 30, 2025, the Company held a total of 49,940 BTC*. MARA opted not to sell any BTC in June.

    *Includes 15,534 bitcoin that is loaned, pledged as collateral or held in a separately managed account for the benefit of the Company.

    Investor Notice
    Investing in our securities involves a high degree of risk. Before making an investment decision, you should carefully consider the risks, uncertainties and forward-looking statements described under the heading “Risk Factors” in our most recent annual report on Form 10-K and any other periodic reports that we may file with the U.S. Securities and Exchange Commission (the “SEC”). If any of these risks were to occur, our business, financial condition or results of operations would likely suffer. In that event, the value of our securities could decline, and you could lose part or all of your investment. The risks and uncertainties we describe are not the only ones facing us. Additional risks not presently known to us or that we currently deem immaterial may also impair our business operations. In addition, our past financial performance may not be a reliable indicator of future performance, and historical trends should not be used to anticipate results in the future. See “Forward-Looking Statements” below.

    The operational highlights and updates presented in this press release pertain solely to our bitcoin mining operations. Detailed information regarding our other operations can be found in our periodic reports filed with the SEC. The bitcoin production figures provided are estimates and may be subject to adjustment in our periodic reports filed with the SEC.

    Forward-Looking Statements

    This press release contains forward-looking statements within the meaning of the federal securities laws. All statements, other than statements of historical fact, included in this press release are forward-looking statements. The words “may,” “will,” “could,” “anticipate,” “expect,” “intend,” “believe,” “continue,” “target” and similar expressions or variations or negatives of these words are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Such forward-looking statements include, among other things, statements related to our full-year exahash outlook, our growth pipeline and our bitcoin treasury strategy. Such forward-looking statements are based on management’s current expectations about future events as of the date hereof and involve many risks and uncertainties that could cause our actual results to differ materially from those expressed or implied in our forward-looking statements. Subsequent events and developments, including actual results or changes in our assumptions, may cause our views to change. We do not undertake to update our forward-looking statements except to the extent required by applicable law. Readers are cautioned not to place undue reliance on such forward-looking statements. All forward-looking statements included herein are expressly qualified in their entirety by these cautionary statements. Our actual results and outcomes could differ materially from those included in these forward-looking statements as a result of various factors, including, but not limited to, the factors set forth under the heading “Risk Factors” in our most recent annual report on Form 10-K, and any other periodic reports that we may file with the SEC.

    About MARA

    MARA (NASDAQ:MARA) deploys digital energy technologies to advance the world’s energy systems. Harnessing the power of compute, MARA transforms excess energy into digital capital, balancing the grid and accelerating the deployment of critical infrastructure. Building on its expertise to redefine the future of energy, MARA develops technologies that reduce the energy demands of high-performance computing applications, from AI to the edge.

    For more information, visit www.mara.com, or follow us on:

    Twitter: @MARA
    LinkedIn: www.linkedin.com/company/maraholdings
    Facebook: www.facebook.com/MARAHoldings
    Instagram: @maraholdingsinc

    MARA Company Contact:
    Telephone: 800-804-1690
    Email: ir@mara.com

    MARA Media Contact:
    Email: mara@wachsman.com

    The MIL Network –

    July 2, 2025

  • MIL-OSI Economics: Ukraine: Eighth Review Under the Extended Arrangement Under the Extended Fund Facility, Requests for Modification of Performance Criteria, Rephasing of Access, and Financing Assurances Review-Press Release; Staff Report; and Statement by the Alternate Executive Director for Ukraine

    Source: International Monetary Fund

    Summary

    Over three years of Russia’s war in Ukraine have taken a staggering social, humanitarian, and economic toll. Despite efforts for a ceasefire, the evolution of the war remains subject to exceptionally high uncertainty. Nevertheless, the authorities’ commitment to reforms and fulfillment of all necessary Fund policies support completion of the review. First, despite some structural reform delays, the authorities have met all quantitative conditionality for this review and remain committed to the overall program objectives of restoring sustainability. Second, the program remains fully financed. Looking ahead, despite the authorities’ program implementation and the large-scale external support, the program has limited space to absorb any further shocks, including from a more prolonged and intense war, while achieving the restoration of external viability by the end of the program.

    MIL OSI Economics –

    July 2, 2025

  • MIL-OSI United Kingdom: Roadmap unveiled to boost rights for half of all UK workers and provide certainty to employers

    Source: United Kingdom – Executive Government & Departments

    Press release

    Roadmap unveiled to boost rights for half of all UK workers and provide certainty to employers

    Government publishes the Employment Rights Bill Implementation Roadmap, setting out timelines for measures in the Bill coming into effect.

    ·       Comprehensive roadmap for Employment Rights Bill to raise living standards across the country whilst giving employers and workers the time to adapt.    

    ·       Sets out timelines for new landmark rights with 15 million, or half of all, workers set to start benefitting from later this year.  

    ·       Government will continue to consult with employers, workers and trade unions to ensure the best deal for growth and boosting living standards in line with the Plan for Change.     

    The Government has today (Tuesday 1 July) unveiled its comprehensive roadmap setting out how it will deliver its new package of workers’ rights through the plan to Make Work Pay.    

    Landmark changes delivered through the Employment Rights Bill including sick pay for 1.3 million of the lowest earners and day one rights to parental and paternity leave will be introduced for the first time from early next year, demonstrating the government’s determination to boost living standards and protections for millions, whilst giving employers the certainty they need to plan for future changes.  

    It also announces that the new Fair Work Agency will launch from early next year, creating a level-playing field so rogue employers cannot undercut good businesses who comply with the law.  

    Informed by more than 190 pieces of engagement with businesses and other crucial stakeholders over the last 12 months, a phased approach was taken to give workers clarity and employers time to prepare. Key measures in the Bill will come into effect in 2026 and 2027, whilst further consultations are planned from this year into next.  

    The reforms are a key part of the Government’s Plan for Change – the mission to make the country fit for the future by kick-starting economic growth and boosting productivity.    

    Deputy Prime Minister Angela Rayner said:     

    We’re working fast to deliver our promise of better living standards and more money in the pockets of working people as part of our Plan for Change.  

    These landmark reforms will kick in within months, demonstrating our commitment to making work pay for millions of workers across the country and delivering real change.

    Business Secretary Jonathan Reynolds said:     

    The Employment Rights Bill is a core part of the Plan for Change, directly benefiting half of all workers and boosting living standards across the country.     

     Since the beginning, we have been working with businesses big and small to ensure this Bill works for them, and this roadmap will now give them the clarity and certainty they need to plan, invest and grow.      

     By phasing implementation, our collaborative approach balances meaningful worker protections with the practical realities of running a successful business, creating more productive workplaces where both employees and employers can thrive. 

    Whether you’re a worker, an employer in the public or private sector, a trade union, a representative organisation, or from civil society, a wide range of voices have helped shape this Bill.     

    Delivering change that works for everyone remains a priority, which is why the Government will continue to consult with business groups, employers, workers and trade unions in phases on the detail of the measures, beginning this summer and continuing into the new year.      

    The rollout of all measures will follow a structured timeline, so that stakeholders can plan their time and resources to make sure they are ready when the changes come into effect. Highlights of the roadmap include:     

    After the bill is passed: 

    • Immediate repeal of the strikes (minimum service levels) act 2023 and the majority of the trade union act 2016 to create a better relationship with unions that will prevent the need for strikes. 

    • Protections against dismissal for taking industrial action to ensure workers can defend their rights without fear of losing their jobs. 

    April 2026: 

    • Collective redundancy protective award – doubling the maximum period of the protective award to provide stronger financial security for workers facing mass redundancies. 

    • ‘Day one’ paternity leave and unpaid parental leave to support working families from the very start of employment. 

    • Whistleblowing protections to encourage reporting of wrongdoing without fear of retaliation. 

    • Fair work agency established to enforce labour rights and promote fairness in the workplace. 

    • Statutory sick pay – removing the lower earnings limit and waiting period to ensure all workers can afford to recover from illness without financial hardship. 

    • A package of trade union measures including simplifying trade union recognition process and electronic and workplace balloting to strengthen democracy and participation in the workplace. 

    October 2026: 

    • Ending unscrupulous fire and rehire practices to protect workers from being forced into worse terms under threat of dismissal. 

    • Regulations to establish the fair pay agreement adult social care negotiating body in England to raise standards and pay in the social care sector.  

    • Tightening tipping law – strengthen the law on tipping by mandating consultation with workers to ensure fairer tip allocation. 

    • Requiring employers to take “all reasonable steps” to prevent sexual harassment of their employees to create safer, more respectful workplaces. 

    • Introducing an obligation on employers not to permit the harassment of their employees by third parties to extend protections to all work environments, including public-facing roles. 

    • A package of trade union measures including new rights and protections for trade union representatives, extending protections against detriments for taking industrial action and strengthening trade unions’ right of access. 

    2027: 

    • Gender pay gap and menopause action plans (introduced on a voluntary basis in April 2026) to promote gender equality and support women’s health in the workplace. 

    • Enhanced dismissal protections for pregnant women and new mothers to safeguard job security during pregnancy, maternity leave and a return-to-work period. 

    • Further harassment protections, specifying reasonable steps which will help determine whether an employer has taken all reasonable steps to prevent sexual harassment to provide clearer guidance and stronger enforcement against harassment. 

    • Creating a modern framework for industrial relations to build a fairer, more collaborative approach to workplace relations. 

    • Bereavement leave to give workers time to grieve with job security. 

    • Ending the exploitative use of zero hours contracts to provide workers with stable hours and predictable income. 

    • ‘Day 1’ right to protection from unfair dismissal to ensure all workers are treated fairly from the start of employment. 

    • Improving access to flexible working to help people balance work with family, health, and other responsibilities. 

    To ensure employers and workers are in the best possible position when these measures come into effect, the Government will produce clear and comprehensive guidance to help organisations navigate the changes. This guidance will be made available in advance of implementation deadlines to allow time for familiarisation and preparation.     

    The Government will also work closely with Acas which will play a crucial role in both implementation of the new measures and continuing to provide support to employers and workers moving forward.      

    By taking a phased and measured approach to implementation, the Government aims to create lasting positive change to employment rights in the UK that works for both workers and businesses.    

    Peter Cheese, chief executive of the CIPD, the professional body for HR and people development, commented:  

    We asked for a clear plan from the government, so we’re pleased to see this roadmap launched today, which will give employers some more clarity to prepare for the biggest set of workplace reforms in decades.   

    We’re pleased to see that the measures are being phased in gradually over many months. This will give more time for further consultation on key points of detail, and organisations more time to update their policies and practices.   

    It’s positive to see the recognition of the critical role for Acas in supporting employers to comply with the new measures. We will work with the government to help provide the guidance the HR profession and managers need to implement the upcoming changes. Small businesses in particular will need clear advice and guidance to help them comply.

    TUC general secretary Paul Nowak said: 

    After the failed era of insecure work and squeezed living standards, the Employment Rights Bill is badly needed. Banning exploitative zero hours contracts, giving workers a stronger voice and ending fire and rehire are all common-sense and popular reforms. 

    It’s welcome that workers will start to benefit from these long overdue changes from later this year – but this timetable must be a backstop. We need to see these new rights in action as soon as possible. Decent employers don’t need to wait for the law to change. They should be working with staff and unions right now to introduce these changes as quickly as possible.  

    It’s time to level up Britain’s workplaces and end the scourge of insecure work.

    Co-op Group CEO Shirine Khoury-Haq said: 

    The Co-op is supportive of the Government’s ambitions to strengthen rights for workers through the Employment Rights Bill – as the world’s oldest and UK’s largest consumer co-operative, doing right by our 54,000 colleagues is core to our approach to doing good business. 

    We are convinced that treating employees well promotes productivity – it helps employers recruit, develop and retain the talent they need.  Working in partnership with Government we believe this Bill is a once in a generation opportunity to ensure all workers are treated fairly whoever their employer might be.

    Neil Carberry, Recruitment and Employment Confederation (REC) Chief Executive, said:  

    This clear timeline on the Employment Rights Bill gives room for full and frank consultation on how the new rules will be structured. It also gives businesses important time to plan.  

    Now we have the roadmap, ongoing and meaningful engagement will be critical to ensuring new regulations allow the flexibility workers and companies value to remain. That’s what gives workers freedom and choice, and helps businesses adjust in changeable markets. A clear process which addresses reasonable business concerns about the new rules is essential.  

    The Bill is a real opportunity to update workplace protections in a way that reflects how people work today, but getting the balance right will be crucial to supporting the government’s growth ambitions.

    Acas Chief Executive Niall Mackenzie said:   

    We welcome the publication of the Employment Relations Bill Roadmap, giving clarity to employers and workers on the timescale for these important changes to employment law. At Acas, we know that good workplace relations is at the heart of resilient, successful organisations and good business. It is encouraging to see the government place employment relations at the heart of its plan to grow the economy.  

    Acas will continue to work with the Department for Business and Trade, employers, trades unions and others to support employers and workers. We are proud to be the go-to organisation to help navigate changes to workplace relations through our expert Codes, guidance and freely available advice.

    Kate Nicholls, Chief Executive of UKHospitality, said:  

    Clear and precise timelines on when aspects of this legislation, and the processes to deliver them, will come into force is essential, and it was important that the Government embark on providing clarity. 

    There are substantial changes for businesses in the Employment Rights Bill and it’s right that the Government is using the appropriate implementation periods for the most complex issues for hospitality, in order to get the details right for both businesses and workers.

    Prospect General Secretary Mike Clancy said:  

    With such an important and technical piece of legislation, there is always a balance to be struck between speed and precision, and this sensible timetable ensures that there is sufficient time to make sure the legislation is robust and works as intended.    

    The Bill rightly involves a significant rebalancing of workplace power in favour of employees, and this must lead to improved industrial relations based on constructive working between unions and employers.  

    Ultimately, the big change we need in the labour market is an increase in trade union membership and density in the private sector, and it is welcome that next year will see the lifting of many of the restrictions that have constrained the growth of unions and our ability to represent workers across the economy.

    Community Assistant General Secretary Alasdair McDiarmid said:  

    It’s great that we now have a comprehensive roadmap in place for the Employment Rights Bill.  

    The government has engaged diligently with unions and businesses during the development of the bill, and we are proud to have played a role in shaping what we believe will be a transformative piece of legislation for working people across the UK.  

    We will continue to work closely with the Department for Business and Trade to ensure that the bill is successful, and we would encourage other stakeholders to do the same.

    Gary Smith, GMB General Secretary, said:  

    It is good to see that this Government is matching words with action on trade union rights. There’s always more that can be done, but the Employment Rights Bill represents the biggest improvement in workers’ rights for a generation.  

    GMB members now know when these much-needed improvements will happen – we urge good employers not to wait; do the right thing and make these changes a reality today.

    Notes to editors:     

    ·       Full details of the implementation roadmap are available here.    

    ·       Employment Rights Bill to be implemented in phases, giving employers the time and certainty they need to adapt.    

    ·       Roadmap outlines timelines for delivery, ranging from soon after the Bill is passed to April 2026, October 2026 and 2027.      

    ·       Government will continue to consult with employers, workers and trade unions to ensure the best deal for growth and boosting living standards in line with the Plan for Change.     

    ·       The 15 million workers figure is based on analysis of the Labour Force Survey (October to December 2024) to avoid double counting, and includes workers that will benefit from Unfair Dismissal, Zero Hour Contracts, Statutory Sick Pay, Trade Union changes and Fair Pay Agreements.

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    Updates to this page

    Published 1 July 2025

    MIL OSI United Kingdom –

    July 2, 2025

  • MIL-OSI: FinWise Bancorp to Host Second Quarter 2025 Earnings Conference Call and Webcast on Thursday, July 24, 2025

    Source: GlobeNewswire (MIL-OSI)

    MURRAY, Utah, July 01, 2025 (GLOBE NEWSWIRE) — FinWise Bancorp (NASDAQ: FINW) (“FinWise” or the “Company”), the parent company of FinWise Bank, today announced that it will report its second quarter 2025 results and host a conference call and webcast after the market close on Thursday, July 24, 2025.

    Conference Call Information

    The conference call will be held at 5:00 p.m. ET to discuss financial results for the second quarter of 2025. The dial-in number is 1-877-423-9813 (toll-free) or 1-201-689-8573 (international). The conference ID is 13754178. Please dial the number 10 minutes prior to the scheduled start time.

    Webcast Information

    The webcast will be available on the Company’s website at FinWise Earnings Call Live Webcast and a replay of the call will be available at Investor Relations | FinWise Bancorp (gcs-web.com) for six months following the call.  

    Submission of Conference Call Questions

    In addition to questions asked live by analysts during the call, the Company will also accept for consideration questions submitted via email prior to 5:00 p.m. ET on Thursday, July 24, 2025. Please email questions to investors@finwisebank.com.

    About FinWise Bancorp

    FinWise provides Banking and Payments solutions to fintech brands. Its existing Strategic Program Lending business, conducted through scalable API-driven infrastructure, powers deposit, lending and payments programs for leading fintech brands. As part of Strategic Program Lending, FinWise also provides a Credit Enhanced Balance Sheet Program, which addresses the challenges that lending and card programs face diversifying their funding sources and managing capital efficiency. In addition, FinWise manages other Lending programs such as SBA 7(a), Owner Occupied Commercial Real Estate, and Leasing, which provide flexibility for disciplined balance sheet growth. FinWise is also expanding and diversifying its business model by incorporating Payments (MoneyRails™) and BIN Sponsorship offerings. Through its compliance oversight and risk management-first culture, FinWise is well positioned to guide fintechs through a rigorous process to facilitate regulatory compliance.

    For more information on FinWise Bank, visit https://investors.finwisebancorp.com.

    Contacts:
    investors@finwisebank.com
    media@finwisebank.com        

    The MIL Network –

    July 2, 2025

  • MIL-OSI Africa: Government reaffirms commitment to support agricultural extension services

    Source: South Africa News Agency

    Agriculture Minister John Steenhuisen has reaffirmed government’s unwavering commitment to agricultural extension services, highlighting their pivotal role in fostering inclusive rural development, ensuring food security, and facilitating vital knowledge transfer.

    Steenhuisen made the commitment at the centenary celebration of the establishment of formal agricultural extension services in the country.

    The Minister also officially opened the 58th annual conference of the South African Society for Agricultural Extension (SASAE) and Agricultural Extension Week, currently underway in Kempton Park, Johannesburg.

    This historic centenary coincides with the inaugural South African Agricultural Extension Week and the 58 Conference of the South African Society for Agricultural Extension.

    The annual conference of SASAE aims to address critical issues in agricultural extension and development.

    This year’s conference is held under the theme: “Leveraging innovation and technology to enhance Extension and Advisory Services for sustainable agriculture, improved livelihoods and food security.”

    The week-long event includes field visits to eight diverse agricultural projects, ranging from rooftop urban farming at Morningside Mall, to hemp farming, egg production, and both crop and livestock farming, amongst others.

    During the conference, delegates will also engage with scientific presentations delivered by extension practitioners, professors, and doctoral researchers from top South African universities, to further enhance agricultural production and intensify the national fight against hunger and food insecurity.

    In his keynote address on Monday, Steenhuisen said the centenary marks not only a historic achievement since the establishment of formal extension services in South Africa in 1925, but also a “renewed commitment to ensuring that agricultural extension remains at the heart of inclusive rural development, food security, and knowledge transfer in our country.”.”

    “Agriculture is the bedrock of South Africa’s economy and society. It ensures food security, supports rural livelihoods, and drives employment. However, it is the work of our extension practitioners that truly unlocks the potential of our producers, particularly smallholders who depend on support, advice, and innovation,” Steenhuisen said.

    He also emphasised that extension practitioners provide practical, tailored advice that helps producers improve productivity, adopt sustainable practices, manage risks, and access markets.

    The Minister underscored the critical role extension practitioners play in providing practical, tailored advice that helps producers improve productivity, adopt sustainable practices, manage risks, and access markets.

    “Their role underpins the entire agricultural value chain, which contributes about 12% to the national gross domestic product (GDP). Notably, the agricultural sector grew by 15,8% in the first quarter of 2025 – a growth driven in no small part by the work done by extension practitioners.”

    Support for smallholders

    To enhance support for producers, particularly smallholders, Steenhuisen announced the rollout of the Smallholder Horticulture Empowerment and Promotion (SHEP) approach, implemented in partnership with the Japan International Cooperation Agency (JICA).

    “This “market-oriented agriculture” model is already bearing fruit, with 18 extension officers trained in Japan last year and another 20 scheduled to depart this October. The department will also prioritise assistance to women, youth, and persons with disabilities in the agricultural sector as these groups often face the greatest barriers.

    “To support this, the department will employ 260 assistant agricultural practitioners this year, strengthening its capacity to deliver extension services. The department’s Farmer Field School (FFS) initiative, supported by the Food and Agriculture Organization (FAO), is also being expanded from its current base in Limpopo, Mpumalanga, and Northern Cape,” the Minister said.

    He further emphasised the need to make agriculture a career of choice for young people by showing them its breadth, “from agritech and agro-processing to entrepreneurship and policy.” – SAnews.gov.za

    MIL OSI Africa –

    July 2, 2025

  • Cabinet nod for ELI scheme to create over 3.5 crore jobs

    Source: Government of India

    Source: Government of India (4)

    The Union Cabinet on Tuesday gave its nod to the Employment Linked Incentive (ELI) Scheme aimed at encouraging large-scale job creation and strengthening social security for the country’s workforce.

    The ELI Scheme, which was announced in the Union Budget 2024–25 as part of the Prime Minister’s package of five schemes for youth employment and skilling, has a total budget outlay of Rs 99,446 crore. It targets the creation of over 3.5 crore jobs within two years, with benefits applicable for employment generated between August 1, 2025, and July 31, 2027. Of the total employment target, 1.92 crore beneficiaries are expected to be first-time entrants into the workforce.

    The scheme comprises two key components. Under the first component, first-time employees registered with the Employees’ Provident Fund Organisation (EPFO) will receive a direct incentive equivalent to one month’s wage, capped at Rs 15,000, paid in two instalments. Eligible employees with monthly salaries up to Rs 1 lakh will receive the first instalment after six months of continuous service and the second instalment after twelve months, subject to completion of a financial literacy programme. To encourage saving habits, a part of the incentive will be held in a fixed deposit or savings instrument, which can be accessed by the employee at a later stage.

    The second component focuses on incentivising employers to create additional jobs across sectors, with added benefits for the manufacturing industry. Employers registered with the EPFO will receive up to Rs 3,000 per month for each new employee retained for at least six months. The incentive varies according to the wage slab, with employers receiving Rs 1,000 per month for employees earning up to Rs 10,000, Rs 2,000 for those earning between Rs 10,000 and Rs 20,000, and Rs 3,000 for those with wages above Rs 20,000 but within the Rs 1 lakh limit. For establishments with fewer than 50 employees, at least two new hires must be made to qualify for the incentive, while larger establishments must hire at least five. In the case of the manufacturing sector, the benefits for employers will extend up to four years.

    Payments to first-time employees will be made through Direct Benefit Transfer using the Aadhaar Bridge Payment System, while payments to employers will be credited directly to their PAN-linked bank accounts.

    The ELI Scheme is part of the government’s broader push to facilitate employment and skill development for 4.1 crore young people under the budgeted allocation of Rs 2 lakh crore. Apart from boosting job opportunities, the scheme is expected to advance the formalisation of the workforce by extending social security cover to millions of youth entering the organised sector for the first time.

    July 2, 2025

  • MIL-OSI Africa: African Development Bank Approves $474.6 Million Loan to support South Africa’s Infrastructure Governance and Green Growth

    The Board of Directors of the African Development Bank Group (www.AfDB.org) has approved a $474.6 million loan for South Africa’s Infrastructure Governance and Green Growth Programme (IGGGP). This financing marks a significant milestone in the country’s transition toward a sustainable, low-carbon economy.

    This IGGGP is the second phase of the Bank’s strategic support for South Africa’s Just Energy Transition. It builds on the success of the $300 million Energy Governance and Climate Resilience Programme, approved in 2023, which delivered key reforms that bolstered financial stability and increased renewable energy capacity.

    Structured around three interconnected pillars: enhancing energy security through power sector restructuring, supporting a low-carbon and just transition, and improving transport efficiency – the IGGGP is designed to accelerate South Africa’s green transformation and promote inclusive, resilient growth. South Africa’s Minister of Finance, Enoch Godongwana,  described the Bank’s support as valuable. 

    “Our country faces the significant challenge of energy shortages, leading to loadshedding, as well as significant transport bottlenecks, which have been detrimental to growing our economy and achieving our developmental aspirations. With your partnership, our government has committed itself to stay the course and implement these critical reforms in the energy and transport sectors, while endeavoring to achieve our international commitments on climate change and our JET objectives,” he said.

    The IGGGP also places strong emphasis on green industrialization, skills development, and job creation, including support for electric vehicle manufacturing and green hydrogen production. Recent estimates from the IMF show that South Africa’s Just Energy Transition could boost the country’s GDP growth by 0.2 to 0.4 percentage points annually between 2025 and 2030.

    “This approval represents more than financing — it’s a blueprint for Africa’s energy future,” said Kennedy Mbekeani, African Development Bank Group’s Director General for Southern Africa. “South Africa’s success in building a just, green, and inclusive energy system demonstrates that sustainable development and economic growth can go hand in hand.”

    This financing includes targeted grant components to promote energy efficiency initiatives and advance rail sector reforms. Key priorities include accelerating vertical separation and establishing an investment framework to revitalize South Africa’s freight and logistics systems. These efforts are expected to strengthen competitiveness of the transport sector and contribute to regional integration and economic growth across the Southern African Development Community.

    As an advanced economy in Africa and a regional power hub, South Africa’s success in its energy transition could catalyze similar transformations across the continent. Its experience integrating renewable energy, modernizing its grid, and implementing just transition policies will provide valuable lessons for other African nations pursuing sustainable development goals.

    The initiative incorporates comprehensive environmental and social safeguards, with a particular focus on gender and youth empowerment. Women will constitute 70% of the beneficiaries of the expanded Social Employment Fund, and dedicated youth skills programmes will equip the next generation for emerging opportunities in the green economy.

    The success of the IGGGP will contribute to several United Nations Sustainable Development Goals, including affordable and clean energy (SDG 7), decent work and economic growth (SDG 8), industry, innovation, and infrastructure (SDG 9), and climate action (SDG 13).

    The African Development Bank’s support forms part of a historic $2.78 billion international financing package that includes $1.5 billion from the World Bank, €500 million from Germany’s KfW, up to $200 million from Japan’s JICA, and an expected $150 million from the OPEC Fund. This coordinated financing underscores the global significance of South Africa’s energy transition, particularly under its G20 presidency. The programme aligns with South Africa’s updated Nationally Determined Contributions under the Paris Agreement, which targets reducing greenhouse gas emissions to 398–510 million tons of CO₂ equivalent by 2025 and 350–420 million tons by 2030.

    Distributed by APO Group on behalf of African Development Bank Group (AfDB).

    Additional Image: https://apo-opa.co/3G4EecH

    Media contact:
    Emeka Anuforo,
    Communication and External Relations Department,
    media@afdb.org

    About the African Development Bank Group:
    The African Development Bank Group is Africa’s premier development finance institution. It comprises three distinct entities: the African Development Bank (AfDB), the African Development Fund (ADF) and the Nigeria Trust Fund (NTF). On the ground in 41 African countries with an external office in Japan, the Bank contributes to the economic development and the social progress of its 54 regional member states. For more information: www.AfDB.org

    MIL OSI Africa –

    July 1, 2025
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