Category: Economy

MIL-OSI: Standard Premium Finance Holdings Announces $250,000 Stock Repurchase Program

Source: GlobeNewswire (MIL-OSI)

MIAMI, May 27, 2025 (GLOBE NEWSWIRE) — Standard Premium Finance Holdings, Inc. (OTCQX: SPFX), a leading specialty finance company, today announced that its board of directors approved a stock repurchase program where the Company may purchase up to $250,000 of common stock in privately negotiated transactions over a six-month period, expiring November 2, 2025. The program will depend on market conditions, stock price, regulatory requirements and limitations, corporate liquidity requirements, priorities and other factors.

“The stock repurchase program reflects our confidence in the strategic direction, growth prospects and financial strength of the Company to support our strategic objectives,” says William Koppelmann, CEO, Standard Premium. “The program provides flexibility to return capital to shareholders and demonstrates the long-term value of our business model.”

The program does not require the Company to purchase any particular number of shares and there is no guarantee as to the number of shares that will be purchased. The timing and price of repurchases, and the actual number of shares repurchased under the program will be at the discretion of management.

“The repurchase program is an efficient use of capital and a reflection of our disciplined approach to growth and value creation,” added Koppelmann. “As we continue to execute our acquisition strategy and expand our national footprint, we remain focused on delivering long-term returns for our shareholders.”

The repurchase program aligns with the Company’s record profitability in FY 2024 and Q1 2025, reflecting continued financial momentum and operational strength.

About Standard Premium Finance Holdings, Inc.
Standard Premium Finance Holdings, Inc. (OTCQX: SPFX), is a specialty finance company which has financed premiums on over $2 Billion of property and casualty insurance policies since 1991. We currently operate in 38 states and are seeking M&A opportunities of synergistic businesses to leverage economies of scale. https://www.standardpremium.com/

Cautionary Statement Regarding Forward-Looking Statements
This press release includes “forward-looking statements” within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995 and 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 with regard to our anticipated future growth and outlook, including the Company’s current plans concerning the stock repurchase plan. Our actual results may differ from expectations presented or implied herein and, consequently, you should not rely on these forward-looking statements as predictions of future events. We do not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statement to reflect any change in our expectations or any change in events, conditions or results.

Additional information concerning risk factors relating to our business is contained in Item 1A Risk Factors of our Annual Report on Form 10-K filed with the Securities and Exchange Commission on March 10, 2025 which is available on the SEC’s website at www.sec.gov or on the Investor Relations section of our website, standardpremium.com.

Media:
Nicholas Turchiano
CPR Marketing
nturchiano@cpronline.com
201-641-1911×35

The MIL Network –

May 28, 2025
MIL-OSI Economics: Adriana D Kugler: Commencement remarks

Source: Bank for International Settlements

Thank you, Stefano, and before I say anything else, congratulations to the Class of 2025!¹ My family is here today, so let me acknowledge my husband Ignacio, my daughter Miri, my son Danny, and my parents who are watching from elsewhere. I start with family because I know it takes a village! So, I want to acknowledge the enormous accomplishment by the graduates and also by their families and friends who supported them through this journey. Let’s give all of them a big round of applause! I also want to thank the leaders of Berkeley’s economics program for giving me the privilege of returning here, as a graduate of this program, to be a part of what is, in fact, my very first economics commencement ceremony here at Berkeley.

On a similar spring afternoon in 1997, when my classmates were walking across this stage, I was across the country, hurrying to finish my dissertation at the Brookings Institution and preparing to start my first job as an economist. I would have loved to be here, as you are, and I praise you for taking the time to share with your classmates, friends, and family this moment of recognition for the huge achievement today represents. But somehow, at the time of my graduation, I felt the need to get on with earning a living and moving forward with my life, as I am sure many of you are eager to do also.

So, you can understand that this is a very special-and also a little strange- moment for me because it feels, in a way, like I am celebrating my own graduation 28 years later! I think it is also an unusual situation for all of you to listen to this speaker who was once where you are today. It is unusual because standing at this podium now is not just the person I have become in the decades since leaving Berkeley. Standing beside me, very close by today, is also the young woman I was in 1997, who was too busy to attend her own graduation. You will be hearing at times from both of us today, and we may even exchange a few words with each other.

This sounds a little like that Aubrey Plaza movie you may have seen last year, in which a young woman gets advice from her older self. Unfortunately, unlike Aubrey Plaza’s character, I cannot help my younger version through the many challenges that she will face, and let me tell you, there were many challenges indeed, and yet here I am! Nevertheless, because of my proximity, today, to that younger self, I hope I can see the world a little more through your eyes, when I try to offer some words of wisdom. I know, I know, commencement speakers are expected to provide wisdom and advice. But really, today, I would like to mainly tell you that the wisdom and also the conviction of my younger self are what allowed me to navigate the challenges along the way. So, trust yourselves!

As I have indicated, the younger version of me was quite impatient to get her professional life started and try to make a mark in the world. The older me would say, “Take your time, figure out who you are, who you will become! Life is long, and among other things, life teaches you to have patience to work for big goals.” There is merit to this advice, of course, but today I am thinking about how I felt when I was in your shoes, and I am thinking that one of the underappreciated gifts of younger people is, in fact, impatience. I will say more about this, but if you take a look around at all the many urgent challenges we face here in the U.S. and the world, many of which depend on the powerful tool of economics and its potential to make people’s lives better, then I would certainly say that some impatience is, indeed, very much what we need.

I speak of economics as a tool because that is all that it is. It is not a philosophy, a value system, or a religion, although I acknowledge that some in our profession might treat it that way. Economics can’t answer all the questions we face in our lives. Economics can’t tell us how to treat each other, or what kind of world we should strive to create, but it is a means to those ends.

And even the answers that economics can provide are always evolving, as our understanding of economic behavior and phenomena evolves. What we understand in economics has evolved in the years since I left Berkeley, and it will continue to evolve. While this understanding does change over time, I think of it as changing like the California landscape changes. Some towns and cities grow, some decline, and there is the occasional earthquake to shake things up. But the landmarks that guide us in economics-the Golden Gate, the Sierra Nevada-they have been standing for a while now, and I believe they will continue to stand for a long time to come.

Using these landmarks, these foundational and time-tested insights, economics can indeed be a powerful tool. But it is a tool, only to the extent, like any other tool, that it is useful. A brilliant insight, if not applied, or tested, or employed for some useful purpose, is like the gadget you pick up at the hardware store and never use. It is just taking up space in the toolbox. When economics reveals how to use resources efficiently, how to raise production and income and lower costs, these insights are only useful if they are applied-if they win in the marketplace of ideas.

As you embark on your careers as economists, and the myriad ways in which you can employ the knowledge and skills you have acquired, one cause that I hope you all will embrace is actively participating in this marketplace of ideas. I hope you do, because, from the level of the individual household to the loftiest decisions of business leaders and government, employing the foundational insights of economics is the difference between prosperity and the utterly avoidable lack of prosperity.

It is tempting to think that time-tested and broadly accepted ideas are permanent. In fact, the debate has never ended on many foundational ideas of economics, some of which can seem counterintuitive to people. These are ideas that must be fought for, because, as I said, to lose that fight is to go backward and accept less prosperity.

Among the aspirations that each of you hold as you leave the Greek theater today, I hope that you will use what you have learned at Berkeley to be part of this fight. I would go further and argue that, along with the diplomas that you are receiving today, you will also carry with you a special responsibility to promote these principles and use them to promote greater prosperity for all. I am not shy in saying that economists have such a responsibility, nor in saying that the learning you have acquired qualifies you to be an active participant in these debates. I believe your expertise matters, because, in the cacophony of opinions, and trolling, and disinformation that seems to crowd ever more into the marketplace of ideas each year, I cling to the idea that expertise still matters. In his book The Constitution of Knowledge: A Defense of Truth, Jonathan Rauch argues that, just as important as America’s written Constitution is an unwritten one, based on a widespread agreement on what is true and what is not true. Knowledge, he writes, as it is added to and preserved over time, is a special glue, that Gorilla clear and precise super glue, that helps to hold society together and settle many conflicts. Expertise matters as the basis for that knowledge. When your expertise as economists is absent, when your voices are absent from the debate, knowledge suffers, and we are all poorer because of it.

Let me pause for a moment because I am hearing from my younger self just now that these commencement remarks are maybe getting a little heavy. I can understand how she feels. Think about how things looked in 1997. The Cold War was over! The tech boom was just taking off, which meant that Oakland was still affordable. Honestly, in hindsight life back then sounds a lot less complicated than it seems today. My first job was at Pompeu Fabra University in Spain, and my second was at a large public university, the University of Houston. I had some research ideas, mostly in the area of labor economics, and I found some great collaborators, and I was off to the races. Today, I realize that colleges and universities are facing challenges like never before, which means that the prospect of trying to make a career in academia is much less certain.

Public service is another traditional destination for economists, and I have been very fortunate to be able to move forward in my career as an academic, while taking time out on three occasions to work in Washington-as chief economist at the Department of Labor, as the U.S. executive director at the World Bank, and now as a governor at the Federal Reserve Board. By contrast, it is, of course, to put it mildly, a very challenging time to be thinking about starting a career in public service, at least at the federal level.

I can stand here today and lament the new challenges faced by you and by many others in the Class of 2025. I am a mom, and my kids are also facing new circumstances. But I also look back sometimes and wonder how I got here. And this is another case where I believe the 27-year-old me had more wisdom than I do. If she were crossing this stage today, with you, facing these undeniable challenges, I do not think she would be discouraged. She would stubbornly say: “I love economic research; I will find a way to become an academic.” If you told her about the challenges facing colleges and universities, she would say that it is simply unthinkable that America would not support the greatest post-secondary educational system in the world. And if you told her that a pendulum swing in opinion might limit opportunities in public service, she might say: “If the purpose of life is helping others, (and I think it is) then public service will be valued, and it is something I must do, and that I will do.”

I think if you had told the 27-year-old me that she could not achieve these things, which she dreamed of, she would stubbornly refuse to accept it. And of course, this is the way that humankind eventually solves most big problems. More than anything else, it is stubborn determination, which I hope is in good supply among you already, and which I encourage you to cultivate. You have already, of course, one of the greatest assets that anyone can have to make a career in economics, which is an education from one of the greatest universities in the world-the University of California, Berkeley. When I attended here, I had the privilege of taking classes with four winners of the Nobel Prize, and many people tell me that, if anything, the faculty is even stronger today. In my recent work at the Fed, I have had occasion to cite research by six current faculty members in public speeches. You have learned from the best, and with your energy, expertise, impatience, and stubborn determination, I know that nothing will stop you! Whatever you choose to do, I hope you will make use of what you have learned at Berkeley to be an active part of that marketplace of ideas. Go forth from here and make the world a brighter and better place. Go seize the day as you head out Sather Gate! Congratulations, again, Class of 2025, and thank you.

MIL OSI Economics –

May 28, 2025
MIL-OSI Global: Sugary drinks, processed foods, alcohol and tobacco are big killers: why the G20 should add its weight to health taxes
Source: The Conversation – Africa – By Karen Hofman, Professor and Programme Director, SA MRC Centre for Health Economics and Decision Science – PRICELESS SA (Priority Cost Effective Lessons in Systems Strengthening South Africa), University of the Witwatersrand

By 2030, non-communicable diseases will account for 75% of all deaths annually. Eight percent of these will be in the global south. Most of these diseases are what we call silent killers: type 2 diabetes, high blood pressure and heart disease, as well as certain types of cancer at increasingly younger ages.

The consumption of sugary drinks and processed foods high in sugar, salt and saturated fats is fuelling these pandemics. And increasingly advertising is being seen as the means by which the consumption of unhealthy products is promoted. This translates into the growth of non-communicable diseases in populations across the globe. This rising threat is driven largely by the way in which markets and industries are organised, which, in turn, shapes social norms towards consumption of tobacco, alcohol, food and sugary beverages.

This process is what’s known as commercial determinants of health.

Products that top the list in terms of their risk to health are tobacco, sugary beverages, ultra processed food and alcohol.

These products are heavily advertised. For example, in South Africa from 2013 to 2019, sugary beverage manufacturers spent US$191 million (R3.7 billion) to advertise their products. Many of the TV advertisements for sugary drinks were placed during child and family viewing time, between 3pm and 7pm.

Over the past decade a number of countries have introduced policies in a bid to limit the use and intake of harmful food and beverages. These have ranged from taxes on certain products, such as sugar, alcohol and tobacco, to bans on advertising. Many have proved effective. But there are still big gaps in policies to control these harmful products.

As academics who have researched this field for three decades we believe that the G20 can play a significant role in plugging these gaps. The countries under the G20 umbrella, which represent two thirds of the world’s population, have reason to act: all are experiencing a mounting burden of obesity-related illness such as diabetes, high blood pressure and cancer at ever-younger ages.

One of South Africa’s G20 presidency health priorities is “stemming the tide of non-communicable diseases”. In our view this is an invitation for the G20 to pledge to combat the drivers of non-communicable diseases.

The G20 can acknowledge that these diseases are part of a pathological system in which commercial actors are causing ill health. And G20 leaders can acknowledge that progress enacting health taxes has stagnated in most countries.

By galvanising attention in this way, the G20 can give impetus to a high level United Nations meeting in 2025 at which a new vision for the control and prevention of non-communicable diseases is due to be set. Health taxes and bans on marketing are focus areas.

What stands in the way of progress

Efforts by various countries to curb consumption of these harmful products have shown one thing clearly: there’s no silver bullet.

Nevertheless, evidence shows that consumers are responsive to price. This points to the fact that taxes are a key tool for decreasing demand, especially for young consumers.

Read more:
Sugary drinks are a killer: a 20% tax would save lives and rands in South Africa

There is also mounting evidence that health taxes are progressive for health at a population level – in other words they lead to better health outcomes. Research also shows that they scarcely affect overall employment, if at all.

But advances on alcohol and tobacco taxes are slow. And there has been little progress on taxes on sugary beverages.

These taxes remain far too low because health promotion taxes face tough resistance from industry. When any health promotion taxes are proposed, industries deny harms, promote doubt, divert attention, spread disinformation, create front organisations, and varnish their reputations through corporate social responsibility initiatives.

When taxes do proceed through the legislative or regulatory process, industries influence proposals to make them less effective. They also offer to replace legislation with voluntary commitments. Evidence shows that voluntary commitments do not work.

What would be gained

In 2024, a report by a panel of experts showed that US$3.7 trillion in additional revenue could be generated over five years if all countries increased prices of tobacco, alcohol and sugary beverages by 50%.

This money is sorely needed to boost healthcare. Non-communicable diseases disproportionately affect the most poor and vulnerable and healthcare systems are increasingly unable to cope. Screening, diagnosis, medications and treatment are very expensive for both ministries of finance and at the household level, where health needs can result in catastrophic expenditure.

And taxes that generate a 50% increase in real prices of tobacco, alcohol and sugary beverages would save 50 million lives globally over 50 years.

Where to begin

We believe the G20 platform is a sound one on which to champion efforts to curb the consumption of harmful products. This is because half of the countries in the group have one or two policies for food such as taxes on sweetened beverages. Their experiences can therefore inform debates about how to protect the public from the fatal effects of diet-influenced diseases.

But building a solid foundation won’t be easy. What’s needed is for the G20 to put its weight behind these key points:
- Promoting good health before people get sick should be an imperative because the cost of inaction in financial and human terms is just too high.
- Promoting the case for raising tobacco taxes, because tobacco continues to cause the most death and illness. But taxation has stalled. Approximately 90% of smokers live in countries where cigarettes were equally or more affordable in 2022 than they were five years earlier.
- A renewed focus on alcohol taxes, which have shown little improvement in the last decade. Alcohol excise taxes are not being used effectively.
- Fresh impetus behind increasing the level of taxes as a percentage of the cost of sugar sweetened beverages. Evidence suggests that to be effective, taxes on sugar sweetened beverages should increase product prices by at least 20%.
- Champion nutrition regulation when navigating the trade and nutrition policy environment. Trade policies can be inconsistent with health policies.
- Lastly, push for stronger global monitoring frameworks to track corporate accountability in health. This should include clear conflict of interest policies, information management, and exposing when corporations try to shape their own evidence-base or discredit research that would be supportive of public health policies.
Susan Goldstein receives funding from the SAMRC, the NIHR and UNICEF. She is a Board Member of the Southern African Alcohol Policy Alliance: South Africa,

Karen Hofman does not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

– ref. Sugary drinks, processed foods, alcohol and tobacco are big killers: why the G20 should add its weight to health taxes – https://theconversation.com/sugary-drinks-processed-foods-alcohol-and-tobacco-are-big-killers-why-the-g20-should-add-its-weight-to-health-taxes-256024
MIL OSI – Global Reports –
May 28, 2025
MIL-OSI Russia: Even small banks may be included in the list – the Central Bank of the Russian Federation will change its approach to assessing the systemic importance of credit institutions

Translation. Region: Russian Federal

Source: Mainfin Bank –

How will the Central Bank of the Russian Federation assess the systemic importance of banks?

A major reform to change the approach to assessing the importance of Russian banks planned for the coming years – the regulator plans to introduce several new criteria for analyzing credit institutions. Thus, the Central Bank of the Russian Federation will check:

number of clients – the highest score will be given to banks with a client base of over 30 million people; availability of its own ecosystem – non-core assets must account for over 10% of capital for the regulator to assign the highest score; presence in the payment market – the bank will be checked for connection to the SBP, acquiring, and the ability to issue kart and the availability of self-service devices; cooperation with other banks – will assess how negative the consequences will be for other players if the institution being inspected experiences difficulties; the share of large deposits clients whose funds are not protected by the DIA (account balance over 1.4 million rubles); regional presence – banks operating in populated areas with a population of up to 100 people will receive a high rating.

The introduction of additional verification criteria will allow even small banks with a developed ecosystem or presence in the payment market to be included in the list of systemically important institutions.

What are the risks for banks if they are included in the SZKO list?

The inclusion of a bank in the list of SZKO will entail the application of increased surcharges to capital adequacy standards. Thus, for large banks, the specified standard is 2.5%, and for systemically important banks – 3.5%. In the near future, the Central Bank of the Russian Federation will develop a new matrix of surcharges, which will be differentiated for different organizations.

“Increased premiums are necessary so that if the bank’s financial situation worsens, there are more opportunities to emerge from the crisis,” noted the regulator’s representatives.

At the same time, reduced capital allowances have been in effect in Russia since 2022 – the relaxations were due to the crisis and the regulator’s desire to reduce the burden on business. By 2028, all relaxations are planned to be lifted.

15:00 05/27/2025

Source:

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

Please Note; This Information is Raw Content Directly from the Information Source. It is access to What the Source Is Stating and Does Not Reflect

HTTPS: //Mainfin.ru/novosti/v-Speak-Mogut-Popa-Popa-Bolsi-Banki-Tsb-RF-RF-RIST-CONCLUSE-ECCOUNCE-System-Reasonability-Credit Credit

MIL OSI Russia News –

May 28, 2025
MIL-OSI Security: Manchester Man Sentenced for Defrauding State and Federal Taxpayers of Nearly $300,000 in Pandemic Relief Funds

Source: US FBI

CONCORD – A Manchester man was sentenced for his involvement in a scheme to fraudulently obtain CARES Act funds from the United States government and the State of New York, Acting U.S. Attorney Jay McCormack announces.

Kyereem Sackey, age 25, was sentenced by U.S. District Court Judge Landya McCafferty to 18 months in federal prison and 3 years of supervised release. Sackey was also ordered to make restitution in the amount of $295,167. In January 2025, Sackey pleaded guilty to one count of conspiracy to commit wire fraud and one count of bank fraud.

“The defendant exploited a national crisis for personal gain,” said Acting U.S. Attorney Jay McCormack. “He stole nearly $300k in pandemic relief funds that were meant to support struggling families and small businesses. This office will continue to investigate and prosecute those who stole from the government during the pandemic and intentionally depleted the public fisc for personal profit.”

“While the entire world was focused on dealing with a pandemic, Kyereem Sackey was selfishly focused on exploiting programs designed to help people struggling financially to instead enrich himself,” said Kimberly Milka, Acting Special Agent in Charge of the FBI Boston Division. “With today’s sentence, Mr. Sackey has been held accountable for cheating taxpayers, and the FBI will continue to work with our law enforcement partners to identify and bring to justice those who have committed similar crimes.”

“Kyereem Sackey and his co-defendants engaged in a scheme to fraudulently obtain New York Department of Labor pandemic-related unemployment insurance benefits and Small Business Administration Payroll Protection Program loans. We will continue to work with our law enforcement partners to hold accountable those who seek to exploit these critical benefit programs,” said Jonathan Mellone, Special Agent-in-Charge, Northeast Region, U.S. Department of Labor, Office of Inspector General.

According to the court documents and statements made in court, Sackey used social media to conspire with others to file false and fraudulent unemployment insurance claims. Sackey filed unemployment insurance claims in the State of New York on behalf of a co-defendant, which he was not entitled to. When the money was deposited into the co-defendant’s bank account, a portion of the money was sent to Sackey and another co-defendant. Sackey and his co-defendants filed approximately $50,000 in fraudulent unemployment insurance claims. In addition to the claim made on behalf of his co-defendant, Sackey filed claims on behalf of a dozen individuals as well as himself resulting in more than $250,000 in fraudulent unemployment benefits to be paid by the State of New York.

Sackey also used a co-defendant’s information to apply for Paycheck Protection Program (PPP) loans using a false and fraudulent business that did not exist. Sackey provided the bank with false documents, including fabricated tax documents. Court records show that Sackey fraudulently applied for and obtained more than $30,000 in PPP loans.

The Federal Bureau of Investigation and the Department of Labor Office of Inspector General led the investigation. Valuable assistance was provided by the Manchester Police Department. Assistant U.S. Attorney John J. Kennedy is prosecuting the case.

###

MIL Security OSI –

May 28, 2025
Income Tax Department extends date for filing ITRs from July 31 to Sep 15

Source: Government of India

Source: Government of India (4)

The Income Tax Department on Tuesday extended the due date for filing income tax returns for FY 2024-25 (AY 2025-26) from July 31 to September 15.

“In view of the extensive changes introduced in the notified ITRs and considering the time required for system readiness and rollout of Income Tax Return (ITR) utilities for Assessment Year (AY) 2025-26,” the Central Board of Direct Taxes (CBDT) announced in a statement on Tuesday.

This extension is expected to address concerns raised by stakeholders and provide adequate time for compliance, thereby ensuring the integrity and accuracy of the return filing process, the statement added.

The notified ITRs for AY 2025-26 have undergone structural and content revisions aimed at simplifying compliance, enhancing transparency, and enabling accurate reporting. These changes have necessitated additional time for system development, integration, and testing of the corresponding utilities.

Furthermore, credits arising from TDS statements—due for filing by May 31—are expected to begin reflecting in early June, effectively limiting the filing window without such an extension.

Accordingly, to facilitate a smooth and convenient filing experience for taxpayers, the due date for filing ITRs, originally July 31, has been extended to September 15. A formal notification to this effect will be issued separately, the statement said.

The CBDT notified income tax return forms ITR-1 and ITR-4 for FY 2024-25 and AY 2025-26 on April 30. Returns for income earned during the financial year from April 1, 2024, to March 31, 2025, must be filed using the new forms.

A major change in the ITR forms this year is that ITR-1 (SAHAJ) can now be used to report long-term capital gains (LTCG) under Section 112A, provided the LTCG does not exceed ₹1.25 lakh and the assessee has no capital losses to carry forward or set off.

Earlier, ITR-1 did not include provisions to report capital gains tax. This year, taxpayers who have long-term capital gains from the sale of listed equity shares and equity-oriented mutual funds can file their returns using ITR-1.

However, ITR-1 cannot be used by taxpayers who have capital gains from the sale of house property or short-term capital gains from listed equity and equity mutual funds.

The notification also stipulates that taxpayers who opted out of the new income tax regime in AY 2024–25 must declare and indicate whether they wish to continue or reverse that selection.

Those opting out of the new regime for the first time in AY 2025–26 are required to furnish the acknowledgement details of Form 10-IEA.

Additionally, there must be clarification regarding the late filing of Form 10-IEA.

IANS

May 28, 2025
MIL-OSI United Nations: 27 May 2025 Departmental update Membership of the Guideline Development Group for Recommendations on Expanding Contraception Options
Source: World Health Organisation

The World Health Organization (WHO) and the UN’s Special Programme in Human Reproduction (HRP) is publishing the proposed membership of the Guideline Development Group for WHO’s upcoming Recommendations on Expanding Contraception Options.

The Guideline Development Group is a group of experts external to WHO that will provide scientific advice and guidance to WHO on the technical content, organization, presentation and dissemination of these Recommendations. Members have been identified by the WHO Guideline Steering Group in collaboration with Regional Advisors for Sexual and Reproductive Health, and is composed of experts with extensive and diverse experience in family planning, contraception, public health, epidemiology, pharmacology, health systems, innovations and technology, nursing and midwifery, guideline development, research, etc.

The guideline development group will meet from 17–19 June 2025 at WHO’s headquarters in Geneva to:
- appraise the evidence that will inform the development of the recommendations and formulate recommendations using a consensus-based approach;
- propose any outstanding research gaps; and
- highlight any implementation considerations.
The proposed group will provide recommendations on the efficacy, safety and acceptability of selected contraceptive methods that are registered and used in various countries, but not currently in the WHO Medical eligibility criteria for contraceptive use. It will also assess some contraceptive options that are used differently from the WHO Selected practice recommendations for contraceptive use.

The WHO normative meeting is by invitation only. In keeping with the requirements of the WHO Guidelines Review Committee and the WHO Compliance, Risk Management and Ethics Office, we are posting online short biographies of the guideline development group members. The listed candidates have also submitted a declaration of interest form stating any conflict of interests. WHO has applied its internal processes to ensure that the performance of the above tasks by members of this group will be transparent and without any significant conflict of interests (academic, financial or other) that could affect the credibility of the guideline.

In line with WHO policy on conflict of interest, the public and interested organizations can access the biographies of the guideline development group members and inform WHO of any concerns around individual member’s participation in the expanding contraceptive options guideline development group. The list comprises 19 members. All comments should be sent by email to srhcfc@who.int by 6 June 2025.

Note:

Members of the guideline development group (GDG) participate in the guideline development process and at meetings in their individual capacity and not as representatives of the institutions or organizations with which they are affiliated. Members of the GDG will not receive an honorarium, remuneration or compensation for their participation. The participation of experts in a WHO meeting does not imply that they are endorsed or recommended by the WHO nor does it create a binding relationship between the experts and WHO.

The biographies have been provided by the experts themselves and are the sole responsibility of the individuals concerned. WHO is not responsible for the accuracy, veracity and completeness of the information provided. In accordance with WHO conflict of interest assessment policy, expert’s biographies are published for transparency purposes.

Comments sent to WHO are treated confidentially and their receipt will be acknowledged through a generic email notification to the sender. WHO reserves the right to discuss information received through this process with the relevant expert with no attribution to the provider of such information. Upon review and assessment of the information received through this process, WHO, in its sole discretion, may take appropriate management of conflicts of interests in accordance with its policies.

MIL OSI United Nations News –
May 28, 2025
MIL-OSI Australia: Canberra Citizen of the Year helps women build skills
Source: Northern Territory Police and Fire Services

Sunita delights in the sense of joy and empowerment Women’s Shed workshops give ACT women.
In brief
- Sunita Kotnala has been named the 2025 Canberra Citizen of the Year.
- Sunita is the driving force behind Women’s Shed Canberra.
- The social enterprise runs home repair and maintenance workshops that empower women.
Women’s Shed Canberra CEO Sunita Kotnala has been named the 2025 Canberra Citizen of the Year.

The award recognises her work empowering hundreds of women across the ACT.

Women’s Shed Canberra

Sunita is the CEO of Women’s Shed Canberra, established in 2020.

It has since expanded, with a permanent home in Greenway.

Women’s Shed Canberra runs hands-on home repair and maintenance workshops for women.

These focus on skill-building and mental health for women of all backgrounds.

Participants can pick up skills in:
- carpentry
- woodworking
- using power tools
- DIY.
Workshop topics cover everything from building a picture frame to installing and replacing door locks.

In some cases, women are also inspired to consider a career in construction and building trades.

Creating a community

Through the Women’s Shed Canberra, Sunita has made a space for women of all backgrounds and abilities to:
- meet
- get inspired
- develop new skills
- create and build.
All women over the age of 18 can participate.

Some original members remain active. Others come and go once they’ve acquired the skills they need.

Increasing access

Women’s Shed Canberra introduced a mobile service in 2023.

This helped increase access to its services by reducing transport barriers for participants.

In 2024, Women’s Shed Canberra received an ACT Social Enterprise Grant.

The Shed’s permanent Greenway location will allow it to grow further and prosper into the future.

In Sunita’s words

Sunita was very proud to accept the award.

“It showcases the role the women’s sheds can play as social enterprises in the circular economy by exposing women to valuable skills in building trades and home repairs,” she said.

“I am delighted with the sense of joy and empowerment that women feel after learning to use power tools in a safe environment.

“The award is doubly special for me as it comes 25 years since my arrival in Australia as a skilled migrant and brings together my experience in social development with my love for restoring and refurbishing.”

Having these skills helps women improve their day-to-day lives and find new interests and connections.

The award

The Canberra Citizen of the Year Award recognises people who have made a large contribution to the Canberra community.

The award promotes and fosters a sense of civic pride.

Find out more about the Canberra Citizen of the Year Award.

Read more like this

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MIL OSI News –
May 28, 2025
MIL-OSI: LPL Financial Welcomes Beamish Wealth Management to Linsco Channel

Source: GlobeNewswire (MIL-OSI)

SAN DIEGO, May 27, 2025 (GLOBE NEWSWIRE) — LPL Financial LLC announced today that financial advisor Colin Beamish, CFP®, has joined LPL’s employee advisor channel, Linsco by LPL Financial, to launch Beamish Wealth Management of LPL Financial. He reported serving approximately $445 million in advisory, brokerage and retirement plan assets* and joins LPL from City National Securities, Inc., a subsidiary of RBC.

Based in San Diego, Beamish transitioned to financial services in 2006 from the sports industry where he worked for the National Hockey League team Florida Panthers and the Arena Football League’s Los Angeles Avengers. Now with more than 19 years of industry experience, Beamish takes a holistic approach to helping his clients plan for their fiscal futures.

“Fiscal education is important to me, and I believe in taking the time to help clients understand the wealth management process,” Beamish said. “Then I partner with my clients to put together a financial plan they are truly comfortable with and work with them every step of the way to help them work towards both their long and short-term financial goals.”

Why he made the move to Linsco by LPL
Looking for more autonomy and enhanced technology, Beamish turned to LPL for the next chapter of his business. He was drawn to the Linsco model, which serves financial advisors seeking the core tenets of independence, including owning their client relationships and having flexibility to run their practice, their way. With Linsco, advisors have access to LPL’s integrated wealth management platform and robust business resources, along with the additional benefits of having support from an experienced branch management team, dedicated marketing consultant and other resources that allow advisors to focus on their clients.

“After doing my due diligence, it was clear that LPL was the right partner to help me take my business to the next level,” Beamish said. “My clients trust me to make the best decisions regarding their finances, and they deserve the best products and services available in the marketplace. From LPL’s strategic support, innovative technology and shared focus on putting clients first, I am confident that moving to LPL is the right decision for my business.”

Scott Posner, LPL Managing Director, Business Development, said, “We welcome Colin to the Linsco community. With LPL’s support, more advisors are recognizing the importance of freedom and flexibility as they seek ways to differentiate themselves and enhance the client experience. We look forward to partnering with Beamish Wealth Management for years to come.”

Related
Advisors, learn how LPL Financial can help take your business to the next level.

About LPL Financial

LPL Financial Holdings Inc. (Nasdaq: LPLA) is among the fastest growing wealth management firms in the U.S. As a leader in the financial advisor-mediated marketplace, LPL supports over 29,000 financial advisors and the wealth management practices of approximately 1,200 financial institutions, servicing and custodying approximately $1.8 trillion in brokerage and advisory assets on behalf of approximately 7 million Americans. The firm provides a wide range of advisor affiliation models, investment solutions, fintech tools and practice management services, ensuring that advisors and institutions have the flexibility to choose the business model, services, and technology resources they need to run thriving businesses. For further information about LPL, please visit www.lpl.com.

Securities and advisory services offered through LPL Financial LLC (“LPL Financial”), a registered investment advisor and broker-dealer, member FINRA/SIPC.

Throughout this communication, the terms “financial advisors” and “advisors” are used to refer to registered representatives and/or investment advisor representatives affiliated with LPL Financial.

We routinely disclose information that may be important to shareholders in the “Investor Relations” or “Press Releases” section of our website.

*Value approximated based on asset and holding details provided to LPL from end of year, 2024.

Media Contact:
Media.relations@LPLFinancial.com

Tracking #735639

The MIL Network –

May 28, 2025
MIL-OSI: Ashton Thomas Private Wealth Welcomes New Team in San Francisco

Source: GlobeNewswire (MIL-OSI)

NEW YORK, May 27, 2025 (GLOBE NEWSWIRE) — Ashton Thomas Private Wealth (“Ashton Thomas” or the “Company”), an Arax Investment Partners firm, today announced that Lance Millar and Stewart Preziose have joined the firm in San Francisco, further reinforcing the Company’s presence in the West Coast market. Together, they will form the Speritas Private Wealth Team, with Mr. Millar as a Partner, Managing Director and Private Wealth Advisor, and Mr. Preziose as a Wealth Advisor.

Prior to Ashton Thomas, Mr. Millar and Mr. Preziose worked at SVB Private, a division of First Citizens Bank, where they provided wealth management, banking and financial planning services tailored to a diverse range of clients, including founders, executives, entrepreneurs, families and non-profit organizations. With decades of focused financial advisory experience, the pair manages a collective $900 million in assets under management (“AUM”), helping clients meet their financial goals through informed investment, retirement and estate planning services, as well as asset allocation and charitable giving guidance. Mr. Millar and Mr. Preziose’s combined experience will enhance Ashton Thomas’ ability to meet the specialized needs of successful individuals in the Bay Area and beyond, providing tailored solutions for a wide range of clients.

“Stewart and I pride ourselves on a high-touch approach to wealth management, providing a truly customized experience that helps our clients make informed and effective decisions about their money. We are inspired by our alignment with Ashton Thomas’ approach and the firm’s commitment to delivering exceptional client-focused solutions,” said Mr. Millar.

“As we leverage new partnerships with forward-thinking advisory groups to grow our business across the country, we are pleased to welcome another strong team of wealth managers to our San Francisco hub,” said Aaron Brodt, Chief Executive Officer of Ashton Thomas. “With their well-established practice and sterling reputations in market, Lance and Stewart are natural additions to our team, and I look forward to seeing what comes next.”

“Arax and Ashton Thomas are pioneering a new approach to partnership in the wealth advisory space, providing the resources and capabilities necessary to support both advisors and clients across a growing national footprint,” added Haig Ariyan, Chief Executive Officer of Arax Investment Partners and Chairman of Ashton Thomas. “Just a few short months after putting down roots in San Francisco, Ashton Thomas is attracting top talent, supporting entrepreneurial advisors and delivering results for a robust Western client base – a validation of our strategy that continues to fuel expansive growth across the Arax platform.”

About Ashton Thomas Private Wealth
Ashton Thomas is a diversified financial services firm committed to a culture of excellence, integrity, and respect in every aspect of its business. Through its various entities listed below, Ashton Thomas serves foundations, businesses, and affluent individuals and families by providing a range of services which include fee-based financial planning and investment portfolio management, retirement plan consulting, securities brokerage, life and health insurance, and income tax preparation. The firm also strives to remain at the forefront of technological innovation and thought leadership within the financial services industry.

Ashton Thomas Private Wealth, LLC, (“ATPW”), founded in 2010, is an SEC-registered investment adviser which provides fee-based financial planning, portfolio management, pension consulting, and fund manager selection services. Ashton Thomas Securities, LLC, (“ATS”) is a dually registered entity. ATS registered with FINRA as a broker-dealer in 1984 and provides securities brokerage services. ATS became an SEC-registered investment adviser in 2008 and provides fee-based financial planning, portfolio management, pension consulting, and fund manager selection services. Ashton Thomas Insurance Agency, LLC, (“ATIA”) provides life and health insurance brokerage services. ATIA also provides income tax services through its DBA, Ashton Thomas Tax Advisory. Representatives of the entities listed may only conduct business for which they are licensed, if required, and with residents of the states and jurisdictions in which they are properly registered and/or licensed.

About Arax Investment Partners
Arax Investment Partners is a rapidly growing boutique wealth management platform making strategic control investments in leading RIAs and elite advisor teams. Founded and led by CEO Haig Ariyan — a seasoned industry executive with a distinguished track record of building and scaling wealth management businesses — Arax empowers its partners to be entrepreneurial and focus on delivering exceptional client service. Firms benefit from a management team with deep M&A expertise, capital sourcing capabilities, and the backing of RedBird Capital Partners. For more information, visit www.araxpartners.com.

Media Contact:

Dan Gagnier
Gagnier Communications
RedBird@gagnierfc.com

The MIL Network –

May 28, 2025
MIL-OSI: Varonis at Infosecurity Europe 2025: Automating Data Security for the AI Era

Source: GlobeNewswire (MIL-OSI)

MIAMI and LONDON, May 27, 2025 (GLOBE NEWSWIRE) — Varonis Systems, Inc. (Nasdaq: VRNS), the leader in data security, announced its full event schedule for Infosecurity Europe 2025, taking place June 3 – 5 at ExCeL London. Varonis proudly returns to present expert sessions on strengthening cyber resilience, mastering proactive security, and modernizing DLP for today’s threat landscape.

Stop by Varonis’ Booth D60 to learn how Varonis reduces risk to data in the age of AI. While there, learn how Varonis helps customers identify and mitigate threats across IaaS and SaaS, safeguard sensitive data, and boost compliance with privacy regulations automatically.

Highlights at Infosecurity Europe 2025:

Expert Session – CISO Secrets: Strengthening Cyber Resilience in 2025. Varonis’ Dr. William Priestley will share the data-centric security playbook built from conversations with top CISOs and cybersecurity leaders across manufacturing, finance, healthcare, and other industries.

Date: Tuesday, June 3, at 12 p.m. – 12:25 p.m.
Location: Technology Showcase stage

Expert Session – Modernizing DLP for Today’s Threat Landscape. Varonis Field CTO Matt Lock will delve into next-gen DLP, an approach aligning modern collaboration with cloud-first detection and prevention. You’ll see how rethinking DLP can help you cut through noise, reduce workloads, and automate security posture.

Date: Tuesday, June 3, 3:15 p.m. – 3:40 p.m.
Location: Cyber Strategy stage

Expert Session – Mastering Proactive SaaS Data Security. Varonis’ Dave Philpotts will cover the complexities of securing SaaS applications and the approach needed to enhance your security posture and prevent data breaches.

Date: Wednesday, June 4, 12 p.m. – 12:25 p.m.
Location: Technology Showcase stage

Additional Resources

About Varonis
Varonis (Nasdaq: VRNS) is the leader in data security, fighting a different battle than conventional cybersecurity companies. Our cloud-native Data Security Platform continuously discovers and classifies critical data, removes exposures, and detects advanced threats with AI-powered automation.

Thousands of organizations worldwide trust Varonis to defend their data wherever it lives — across SaaS, IaaS, and hybrid cloud environments. Customers use Varonis to automate a wide range of security outcomes, including data security posture management (DSPM), data classification, data access governance (DAG), data detection and response (DDR), data loss prevention (DLP), AI security, and insider risk management.

Varonis protects data first, not last. Learn more at www.varonis.com.

Investor Relations Contact:
Tim Perz
Varonis Systems, Inc.
646-640-2112
investors@varonis.com

News Media Contact:
Rachel Hunt
Varonis Systems, Inc.
877-292-8767 (ext. 1598)
pr@varonis.com

The MIL Network –

May 28, 2025
MIL-OSI: Strive Asset Management and Asset Entities (Nasdaq: ASST) Announce $750M Private Investment to Fund First Wave of Bitcoin Accumulation
Source: GlobeNewswire (MIL-OSI)
- Transaction to raise up to $1.5 billion in total proceeds upon exercise of warrants, which would make Strive Asset Management one of the largest Bitcoin treasury companies.
- The combined company will continue to have no outstanding debt for borrowed money after this financing.
- Strive CEO Matt Cole to discuss the company’s proposed alpha-generating Bitcoin strategies during his 11:54 AM PT keynote on May 27, 2025 at the Bitcoin for Corporations Symposium in Las Vegas, Nevada.
DALLAS, May 27, 2025 (GLOBE NEWSWIRE) — Asset Entities (Nasdaq: ASST) and Strive Asset Management today announced the signing of a $750 million private investment in public equity (PIPE), with an additional $750 million in potential financing upon the exercise of warrants, which could increase total potential proceeds to $1.5 billion. Upon closing of the transactions, the proceeds are expected to support the company’s first wave of Bitcoin acquisitions, with the goal of establishing Strive Asset Management as the first Bitcoin treasury company focused on long-term Bitcoin outperformance through the implementation of alpha-generating strategies, in addition to the company’s plans to implement known beta strategies used by incumbent Bitcoin treasury corporations.

A select group of leading institutional investors and Strive’s management team, including CEO Matt Cole, participated in the financing, which is expected to close concurrently with the transaction under the merger agreement between Strive Asset Management and Asset Entities.

“Most Bitcoin treasury companies are valued based on multiples to their Bitcoin holdings, which makes sense because their strategies are tied to leveraged beta to Bitcoin,” said Matt Cole, CEO of Strive. “By contrast, our alpha-generating Bitcoin accumulation strategies are designed to drive sustained outperformance relative to Bitcoin itself, which requires a new valuation framework.”

Strive Asset Management’s first wave of alpha-generating Bitcoin accumulation strategies include:
- Unlocking discounted cash through acquisitions of biotech companies trading below their net cash position, which Strive views as a multi-billion dollar opportunity, and one where Strive believes it has a distinctive competitive advantage due to its founding and management team.
- Acquiring distressed Bitcoin claims—such as Mt. Gox claims—at discounts to Bitcoin NAV, a market opportunity estimated to be over 75,000 BTC, through Strive’s recently announced strategic partnership with 117 Partners LLC.
- Positioning itself to become a market leader in purchasing bottom tranches of structured Bitcoin credit vehicles, at discounted prices.
The PIPE was priced at $1.35 per share of common stock, representing a 121% premium to the closing price of Asset Entities (NASDAQ:ASST) immediately before its merger announcement with Strive Asset Management. The exercise price for warrants in this PIPE transaction is $1.35 per share. Strive elected not to raise any debt financing in this transaction, to preserve maximal leverage capacity in the future to optimize returns for common equity.

Strive will further discuss its alpha strategies during Matt Cole’s 11:54 AM PT presentation today at Bitcoin for Corporations in Las Vegas, Nevada. The presentation is expected to be streamed by the conference later in the day.

The financing transaction is subject to customary closing conditions, including approvals from the shareholders of both Strive and Asset Entities.

Advisors

Cantor Fitzgerald & Co. served as exclusive financial advisor to Strive. In addition, Cantor Fitzgerald & Co. served as exclusive placement agent for the PIPE financing.

Davis Polk & Wardwell LLP is acting as legal advisor to Strive.

DLA Piper LLP (US) acted as legal advisor to Cantor Fitzgerald & Co.

Bevilacqua PLLC is acting as legal advisor to Asset Entities.

To learn about Asset Entities, please go to www.assetentities.com. To learn about the Ternary payment platform, please go to www.ternarydev.com. To learn about Asset Entities 360 suite of discord services, go to https://www.ae360ddm.com/ and https://discord.gg/ae360ddm.

About Asset Entities Inc.

Asset Entities Inc. is a technology company providing social media marketing, management, and content delivery across Discord, TikTok, Instagram, X (formerly Twitter), YouTube, and other social media platforms. Asset Entities is believed to be the first publicly traded Company based on the Discord platform, where it hosts some of Discord’s largest social community-based education and entertainment servers. The Company’s AE.360.DDM suite of services is believed to be the first of its kind for the Design, Development, and Management of Discord community servers. Asset Entities’ initial AE.360.DDM customers have included businesses and celebrities. The Company also has its Ternary payment platform that is a Stripe-verified partner and CRM for Discord communities. The Company’s Social Influencer Network (SiN) service offers white-label marketing, content creation, content management, TikTok promotions, and TikTok consulting to clients in all industries and markets. The Company’s SiN influencers can increase the social media reach of client Discord servers and drive traffic to their businesses. Learn more at assetentities.com, and follow the Company on X at $ASST and @assetentities.

About Strive Asset Management

Strive Asset Management is an asset management firm with a mission to maximize value for clients through unapologetic capitalism.

Strive Asset Management recently announced plans to become the first publicly traded asset management Bitcoin treasury company. The company is focused on outperforming Bitcoin over the long run by combining traditional Bitcoin treasury company leveraged beta strategies with novel alpha-generating strategies.

After launching its first ETF in August 2022, the company has grown to manage ~$2 billion in assets.

Learn more at strive.com

Company Contacts:
Arshia Sarkhani, President and Chief Executive Officer
Michael Gaubert, Executive Chairman
Asset Entities Inc.
Tel +1 (214) 459-3117
Email Contact

Investor Contact:
Skyline Corporate Communications Group, LLC
Scott Powell, President
1177 Avenue of the Americas, 5th Floor
New York, NY 10036
Office: (646) 893-5835
Email: info@skylineccg.com

Cautionary Statement Regarding Forward-Looking Statements

Certain statements herein and the documents incorporated herein by reference may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended (the “Securities Act”), and Rule 175 promulgated thereunder, and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and Rule 3b-6 promulgated thereunder, which statements involve inherent risks and uncertainties. Examples of forward-looking statements include, but are not limited to, statements regarding the outlook and expectations of Strive and Asset Entities, Inc. (“ASST”), respectively, with respect to the proposed transaction, the strategic benefits and financial benefits of the proposed transaction, including the expected impact of the proposed transaction on the combined company’s future financial performance (including anticipated accretion to earnings per share, the tangible book value earn-back period and other operating and return metrics), the timing of the closing of the proposed transaction, and the ability to successfully integrate the combined businesses. Such statements are often characterized by the use of qualified words (and their derivatives) such as “may,” “will,” “anticipate,” “could,” “should,” “would,” “believe,” “contemplate,” “expect,” “estimate,” “continue,” “plan,” “project,” “predict,” “potential,” “assume,” “forecast,” “target,” “budget,” “outlook,” “trend,” “guidance,” “objective,” “goal,” “strategy,” “opportunity,” and “intend,” as well as words of similar meaning or other statements concerning opinions or judgment of Strive, ASST or their respective management about future events. Forward-looking statements are based on assumptions as of the time they are made and are subject to risks, uncertainties and other factors that are difficult to predict with regard to timing, extent, likelihood and degree of occurrence, which could cause actual results to differ materially from anticipated results expressed or implied by such forward-looking statements. Such risks, uncertainties and assumptions, include, among others, the following:
- the occurrence of any event, change or other circumstances that could give rise to the right of one or both of the parties to terminate the Merger Agreement;
- the possibility that the proposed transaction does not close when expected or at all because the conditions to closing are not received or satisfied on a timely basis or at all;
- the outcome of any legal proceedings that may be instituted against Strive or ASST or the combined company;
- the possibility that the anticipated benefits of the proposed transaction, including anticipated cost savings and strategic gains, are not realized when expected or at all, including as a result of changes in, or problems arising from, general economic and market conditions, interest and exchange rates, monetary policy, laws and regulations and their enforcement, and the degree of competition in the geographic and business areas in which Strive or ASST operate;
- the possibility that the integration of the two companies may be more difficult, time-consuming or costly than expected;
- the possibility that the proposed transaction may be more expensive or take longer to complete than anticipated, including as a result of unexpected factors or events;
- the diversion of management’s attention from ongoing business operations and opportunities;
- potential adverse reactions of Strive’s or ASST’s customers or changes to business or employee relationships, including those resulting from the announcement or completion of the proposed transaction;
- changes in ASST’s share price before closing; and
- other factors that may affect future results of Strive, ASST or the combined company.
These factors are not necessarily all of the factors that could cause Strive’s, ASST’s or the combined company’s actual results, performance or achievements to differ materially from those expressed in or implied by any of the forward-looking statements. Other factors, including unknown or unpredictable factors, also could harm Strive’s, ASST’s or the combined company’s results.

Although each of Strive and ASST believes that its expectations with respect to forward-looking statements are based upon reasonable assumptions within the bounds of its existing knowledge of its business and operations, there can be no assurance that actual results of Strive or ASST will not differ materially from any projected future results expressed or implied by such forward-looking statements. Additional factors that could cause results to differ materially from those described above can be found in ASST’s most recent annual report on Form 10-K for the fiscal year ended December 31, 2024, quarterly reports on Form 10-Q, and other documents subsequently filed by ASST with the Securities Exchange Commission (the “SEC”). The actual results anticipated may not be realized or, even if substantially realized, they may not have the expected consequences to or effects on Strive, ASST or their respective businesses or operations. Investors are cautioned not to rely too heavily on any such forward-looking statements. Forward-looking statements speak only as of the date they are made and Strive and ASST undertake no obligation to update or clarify these forward-looking statements, whether as a result of new information, future events or otherwise, except to the extent required by applicable law.

Additional Information and Where to Find It

In connection with the proposed transaction, ASST intends to file with the SEC a Registration Statement on Form S-4 (the “Registration Statement”) to register the common stock to be issued by ASST in connection with the proposed transaction and that will include a proxy statement of ASST and a prospectus of ASST (the “Proxy Statement/Prospectus”), and each of Strive and ASST may file with the SEC other relevant documents concerning the proposed transaction. A definitive Proxy Statement/Prospectus will be sent to the stockholders of ASST to seek their approval of the proposed transaction. BEFORE MAKING ANY VOTING OR INVESTMENT DECISION, INVESTORS AND STOCKHOLDERS OF ASST ARE URGED TO READ THE REGISTRATION STATEMENT AND PROXY STATEMENT/PROSPECTUS REGARDING THE PROPOSED TRANSACTION WHEN THEY BECOME AVAILABLE AND ANY OTHER RELEVANT DOCUMENTS FILED WITH THE SEC, AS WELL AS ANY AMENDMENTS OR SUPPLEMENTS TO THOSE DOCUMENTS, BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT STRIVE, ASST AND THE PROPOSED TRANSACTION AND RELATED MATTERS.

A copy of the Registration Statement, Proxy Statement/Prospectus, as well as other filings containing information about Strive and ASST, may be obtained, free of charge, at the SEC’s website (http://www.sec.gov). You will also be able to obtain these documents, when they are filed, free of charge, from ASST by accessing ASST’s website at https://assetentities.gcs-web.com/. Copies of the Registration Statement, the Proxy Statement/Prospectus and the filings with the SEC that will be incorporated by reference therein can also be obtained, without charge, by directing a request to ASST’s Investor Relations department at 100 Crescent Court, 7th floor, Dallas, TX 75201 or by calling (214) 459-3117 or emailing web@assetentities.com. The information on Strive’s or ASST’s respective websites is not, and shall not be deemed to be, a part of this communication or incorporated into other filings either company makes with the SEC.

Participants in the Solicitation

Strive, ASST and certain of their respective directors, executive officers and employees may be deemed to be participants in the solicitation of proxies from the stockholders of ASST in connection with the proposed transaction. Information about the interests of the directors and executive officers of Strive and ASST and other persons who may be deemed to be participants in the solicitation of stockholders of ASST in connection with the proposed transaction and a description of their direct and indirect interests, by security holdings or otherwise, will be included in the Proxy Statement/Prospectus related to the proposed transaction, which will be filed with the SEC. Information about the directors and executive officers of ASST, their ownership of ASST common stock, and ASST’s transactions with related persons is set forth in the section entitled “Board of Directors and Corporate Governance,” “Executive Officers of the Company,” “Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters,” “Executive Compensation,” and “Certain Relationships and Related Transactions” included in ASST’s definitive proxy statement in connection with its 2024 Annual Meeting of Stockholders, as filed with the SEC on August 22, 2024.

No Offer or Solicitation

This communication is not intended to and shall not constitute an offer to sell or the solicitation of an offer to sell or the solicitation of an offer to buy any securities or the solicitation of any vote of approval, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act, or pursuant to an exemption from, or in a transaction not subject to, such registration requirements.

The MIL Network –
May 28, 2025
MIL-OSI: Antalpha Announces Strategic Investment in Tether Gold and Expansion into New Lending Verticals
Source: GlobeNewswire (MIL-OSI)

SINGAPORE, May 27, 2025 (GLOBE NEWSWIRE) — Antalpha Platform Holding Company (NASDAQ: ANTA) (“Antalpha” or the “Company”), a leading fintech platform serving the Bitcoin mining ecosystem, today announced strategic initiatives to strengthen its treasury plan and expand its product offering.

Strategic Allocation into Tether Gold (XAUt)
Antalpha intends to allocate up to US $40 million equivalent in XAUt at market price from now until June 30, 2026. The Company views this allocation as a strategic hedge against macroeconomic volatility, a tool to diversify its institutional collateral base, and a means to offer its clients access to stable-value lending solutions to hedge against periods of market uncertainty. The Company believes that XAUt offers strong strategic value for institutional asset allocation, particularly in its potential to withstand crypto market cycles and support diverse financial applications. XAUt will be a cornerstone collateral asset in Antalpha’s loan structure, enabling the Prime platform to scale its financing business with improved resilience and greater stability.

XAUt Product Integration
Antalpha plans to acquire XAUt and secure such digital assets to obtain funding for its lending operation. In line with this strategy, the Company’s product and risk management teams are working jointly to upgrade its MPC capabilities and account features on the Antalpha Prime platform. Additionally, the Company plans to launch a dedicated portal on its website to provide near real-time information on XAUt and the corresponding underlying physical gold holdings, further enhancing asset transparency and client confidence.

Multi-Asset Collateral Strategy to Expand Addressable Market and Improve Risk Management Capability
Antalpha remains focused on its core lending business and is committed to developing scalable financing solutions for different business lines with long-term growth potential. In addition to accepting Bitcoin and mining-machine collateral for its crypto financing, the Company plans to expand its addressable market by accepting new forms of collateral, including XAUt and GPU for AI compute, to build a more flexible and scalable digital-asset lending business. In addition, we plan to expand our business relationship with Northstar and enable them to provide Ethereum margin loans on the Antalpha Prime platform. Antalpha plans to broaden its business lines as follow:
- XAUt–Collateralized Loans will begin accepting XAUt as collateral to improve collateral value stability for supply-chain financing;
- AI Compute Financing will begin providing institutional loans for investment in AI compute using AI GPUs as loan collateral; and
- Ethereum Margin Loans will expand Northstar’s margin loan offering on Antalpha Prime to enable borrowers to secure digital asset financing with Ethereum, in addition to Bitcoin.
“We are building Antalpha for the long term, with transparency, prudence and risk management at the core,” said Paul Liang, Chief Financial Officer of Antalpha. “Our digital gold strategy and new lending business lines reflect our willingness to listen to our clients’ needs and lead the digital asset financing industry with innovative institutional-grade lending solutions while strengthening our risk-management capabilities.”

These new initiatives reinforce Antalpha’s vision as a leading, trusted, crypto-native infrastructure partner in the digital asset financing industry.

About Antalpha
Antalpha is a leading fintech company specializing in providing financing, technology, and risk management solutions to institutions in the digital asset industry. As the primary lending partner of Bitmain, Antalpha offers Bitcoin supply chain and margin loans through the Antalpha Prime technology platform, which allows customers to originate and manage their digital assets loans, as well as monitor collateral positions with near real-time data.

About Tether Gold
XAUt is a digital token issued by TG Commodities Limited, a Tether Group company. Each token represents ownership of one troy ounce of fine gold on a London Good Delivery gold bar, held in custody by a third-party custodian in a secure Swiss vault. The token is issued on both Ethereum (ERC-20) and Tron (TRC-20) blockchains, providing institutional and DeFi participants with 24/7 access to highly liquid, gold-backed assets.

Contact
Investor Relations: ir@antalpha.com

Safe Harbor Statement
This press release contains statements that may constitute “forward-looking” statements pursuant to the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “aims,” “future,” “intends,” “plans,” “believes,” “estimates,” “likely to,” and similar statements. Statements that are not historical facts, including statements about Antalpha’s beliefs, plans, and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. Further information regarding these and other risks is included in Antalpha’s filings with the SEC. All information provided in this press release is as of the date of this press release, and Antalpha does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

The MIL Network –
May 28, 2025
MIL-OSI: Moomoo Expands into Cryptocurrency Market with Launch of New Digital Asset Business

Source: GlobeNewswire (MIL-OSI)

JERSEY CITY, N.J., May 27, 2025 (GLOBE NEWSWIRE) — Moomoo, a global investment and trading platform, is thrilled to announce its expansion into cryptocurrency trading with the upcoming launch of Moomoo Crypto, a comprehensive digital asset investment service for its U.S. users.

The new U.S. Crypto’s plan to launch over 30 coins is an exciting option for moomoo investors to trade on its all-in-one trading platform. Moomoo leverages its established technology infrastructure and user-friendly interface to provide a seamless trading experience across both traditional securities through Moomoo Financial and digital assets through Moomoo Crypto. It will initially support trading of major cryptocurrencies including Bitcoin, Ethereum, and several other leading tokens for its current users, with plans to expand its offerings in the coming months to give users access in a gradual launch. The platform, backed by Moomoo Financial, will leverage Coinbase’s markets and infrastructure through its leading Crypto-as-a-Service (“CaaS”) platform.

“As digital assets continue to gain mainstream adoption, we saw a clear opportunity to apply our expertise in creating accessible yet sophisticated investment tools for crypto space,” said Neil McDonald, moomoo’s US CEO. “With Moomoo Crypto, we’re bridging the gap between traditional and digital finance, providing our users with the tools and insights they need to navigate this dynamic market.”

Investors interested in crypto will be able to find an all-in-one platform with 32 coins offerings armed with advanced tools and various educational resources. Some advanced tools include spot charting and advanced charting, and moomoo is planning to adopt specific tools for crypto such as copy trading by early September.

“We’re seeing growing demand from platforms like moomoo as crypto becomes increasingly mainstream,” said Brian Foster, Global Head of CaaS at Coinbase. “Our Crypto-as-a-Service offering is designed to help bridge traditional and digital finance, giving partners the infrastructure, security, and tools they need to confidently build in crypto and serve a wide range of users.”

The move comes as interest in digital assets reaches new heights, with increasing retail participation and regulatory clarity emerging in key markets. Moomoo’s entry into the cryptocurrency sector helps the company capture growing demand from its existing user base of active investors while attracting new crypto-focused traders to its platform.

About moomoo
Moomoo is a leading global investment and trading platform dedicated to empowering investors with user-friendly tools, data, and insights. Our platform is designed to provide essential information and technology, enabling users to make more-informed investment decisions. With advanced charting tools, pro-level analytical features, moomoo evolves alongside our users, fostering a dynamic community where investors can share, learn, and grow together.

Founded in the U.S., moomoo operates globally, serving investors in countries such as the US, Singapore, Australia, Japan, Canada and Malaysia. As a subsidiary of a Nasdaq-listed Futu Holdings (FUTU), we take pride in our role as a global strategic partner of the Nasdaq, earning numerous international accolades from renowned industry leaders such as Benzinga and Fintech Breakthrough. Moomoo has also received multiple awards in the US, Singapore, and Australia for its innovative, inclusive approach to investing.

For more information, please visit moomoo’s official website at www.moomoo.com or feel free to email us: pr@us.moomoo.com.

Moomoo is a financial information and trading app offered by Moomoo Technologies Inc. In the U.S., Investment products and services on Moomoo are offered by Moomoo Financial Inc., Member FINRA/SIPC.

Cryptocurrencies are not legal tender, not backed by any government, and not FDIC insured or SIPC protected. Cryptocurrency trading involves high risk and potential loss of principal. Crypto services are offered by Moomoo Crypto Inc. (NMLS Number 2287314). Not available in all states, see our full licensing disclosures here.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/4fa41088-a4e3-4db6-9551-5e3678ed14bd

The MIL Network –

May 28, 2025
MIL-OSI: Orchid Security’s State of Identity Security 2025 Report Reveals Alarming Gaps in Application Identity Controls
Source: GlobeNewswire (MIL-OSI)

LAS VEGAS and NEW YORK, May 27, 2025 (GLOBE NEWSWIRE) — Identiverse — Orchid Security, the company bringing clarity to the complexity of enterprise identity security, today released its inaugural State of Identity Security 2025 report. Orchid’s analysis shows nearly half of enterprise applications violate basic credential-handling guidance, 44% undermine centralized IdP policies and 40% fall short of widely accepted identity-control standards. These shortcomings expose organizations to heightened audit findings, compliance penalties and breach risk.

Complementing traditional industry research based on post-incident findings, the report presents a proactive analysis of the state of identity controls. Unlike assessments of external exposures, Orchid analyzes authentication flows and authorization practices embedded deep within enterprise applications. These insights span financial services, healthcare, manufacturing, retail, energy and other sectors – offering the first large-scale view into unseen and often overlooked identity practices, and in doing so, exposing hidden vulnerabilities and compliance gaps.

Orchid will showcase these findings and its Identity-First Security platform at Identiverse 2025, taking place June 3-6 in Las Vegas.

The report’s findings come at a critical time in the industry. The recently released 2025 Verizon Data Breach Investigation Report confirms that stolen credentials are once again the most common initial access method leading to breaches. Similarly, Crowdstrike’s Threat Report observes that “every breach starts with initial access, and identity-based attacks are among the most effective entry methods.” As threat actors focus on “logging in” via stolen credentials rather than “hacking in,” understanding and eliminating identity security gaps becomes a top priority for CISOs and identity providers.

Key findings from Orchid’s research:
1. Clear-text credentials found in nearly 50% of applications
  Given that no code is impenetrable and weaknesses as well as their exploit, are a fact of life, masking or encrypting credentials – ideally in an identity store but certainly when coded into applications – is a security imperative. In nearly half of the binary-level assessments conducted, Orchid’s LLM-powered analysis uncovered clear-text credentials. These were normally associated with alternative access flows, often for non-human accounts, but they also present an easy target for threat actors seeking entry or lateral movement.
2. 44% of applications bypass Identity Providers (IdP)
  While (IdPs) are very common within enterprises and a valuable tool to centralize secure authentication practices, 44% of the time no IdP was utilized by at least one authentication path offered by the application. This is often due to application-level constraints, particularly around integrating with third-party or legacy systems. While understandable, especially in support of external access scenarios, these siloed authentication paths create significant operational challenges. Because they sit outside the centralized IAM framework, these non-standard directories are frequently excluded from routine joiner, mover, and leaver (JML) processes. As a result, they can become outdated, unmanaged and ultimately represent a growing blind spot that increases organization’s exposure to identity-related cyber risk.
3. ~40% of apps lack identity control basics
  Basic best practices to maintain identity security include monitoring and even rate controlling login attempts, implementing account lockout after a certain number of failed attempts, enforcement of password complexity, token lifetime configurations and more. Unfortunately, each of these was found to be missing roughly 40% of the time. We know that most application developers are valued for their creativity, as it spurs innovation, but that spirit can make the consistent implementation of standards across applications a challenge.
“These identity security gaps are by no means a reflection on today’s identity and access management teams,” said Roy Katmor, CEO and co-founder of Orchid Security. “The reality is, with the average enterprise relying on more than 1,200 applications – some developed and deployed globally, others introduced by regional offices or specific lines of business – it is a huge challenge to simply know all of the apps in use. Let alone to fully understand not only the standard audited identity flows, but also all feasible authentication pathways and authorization attributes within each application. That complexity is only compounded by the fact that, until now, the process has been largely manual.”

Orchid’s recommendations for reducing identity risk

Orchid Security notes that there are a variety of common tools and methods that enterprises can use to assess their environments for identity security exposures, including:
- Static Application Security Testing (SAST): Code analysis during the development phases can easily be configured to look for hard-coded credentials, including those stored in clear text. Applications developed without a SAST tool should also be subject to code reviews looking for these practices as part of the release process.
- Architecture reviews: The use of identity providers (IdPs) should be a standard design requirement, enforced during design reviews.
- Monitoring tools: Basic log monitoring and Security Information and Event Management (SIEM) products will show you whether basic identity security hygiene is in place.
- Penetration testing: Identity is the most common way in for threat actors, as well as those acting as them for security assessment. Testing for common identity weaknesses should be included.
“Organizations can no longer afford to overlook identity as a central element of their security posture,” said Katmor. “Even without automated tools such as Orchid Security in place, there are practical steps teams can take, from manual code reviews to architecture and monitoring enhancements. Identity remains the most common attack vector, and proactive, layered assessment is key to reducing exposure.”

Methodology

Orchid Security performed automated, binary‑level assessments of applications in production environments across North America and Europe between January and April 2025. Rather than observing primary user interactions, Orchid mapped every identity flow built into each application – including legacy, third‑party and service‑account paths – to surface controls that could be subverted by threat actors. The State of Identity Security 2025 report aggregates the most gaps revealed by those assessments in order to surface those that are most common.

Visit Orchid at Identiverse 2025 in the Startup Alley (SU21) June 3-6.

To learn more about the current state of identity security, download Orchid’s State of Identity Security report.

For more information on Orchid’s Identity-First Security platform, visit the website.

About Orchid
Orchid Security is an identity security orchestration platform—leveraging Open Telemetry, Prompt Engineering and Large Language Models (LLMs)—to unify and secure complex identity environments across enterprises. Founded by AI and cybersecurity experts Roy Katmor, Robert Weisman, and Ido Kelson, and backed by Intel Capital and Team8, Orchid enables large organizations to reduce the costs and effort of identity and access management (IAM), while maintaining compliance and security across their digital infrastructure. Its platform facilitates the continuous discovery of both self-hosted and SaaS applications, assessment of their native identity controls (and gaps), and remediation of compliance and cyber exposure from a single point of control—without extensive effort or application recoding.

Media Contact
Chloe Amante
Montner Tech PR
camante@montner.com

The MIL Network –
May 28, 2025
MIL-OSI: ila Bank partners with Mastercard to launch innovative solutions and expand into new markets

Source: GlobeNewswire (MIL-OSI)

MANAMA, Bahrain, May 27, 2025 (GLOBE NEWSWIRE) — ila Bank, powered by Bank ABC, has partnered with Mastercard to enhance the bank’s proposition across consumer products, launching new affluent, travel products and loyalty offerings.

ila Bank will leverage Mastercard’s expertise to introduce loyalty program that supports cardholders’ lifestyle, providing added value across a wide range of areas, including dining, luxury shopping, travel and priceless experiences. The new product line will also leverage enhanced fraud solutions and privacy protection to secure every transaction.

Mohamed Almaraj, ila Bank CEO, said, “ila has always been about the customer. We are proud to have maintained our commitment to offering customer-centric solutions and experiences in a growingly cashless economy, and this strategic agreement furthers the ila promise of ‘banking that reflects you’. Renewing our engagement with Mastercard will strengthen our standing as the frontrunner in the region’s digital payments landscape by offering the most seamless, secure and future-focused product portfolio that provides unparalleled premium benefits.”

Adam Jones, Mastercard’s Division President for West Arabia, said, “In line with our shared commitment to driving innovation across the digital ecosystem, our long-standing relationship with ila Bank focuses on delivering customer-first solutions that help ensure a secure and rewarding banking experience. We will continue to provide our partners with enhanced product offering, supporting regional expansion.”

Mastercard has been a trusted partner of ila Bank from the outset, supporting the bank’s strategy Together, they have introduced several innovative propositions to the market, including the multi-currency debit program, the Pay with Rewards loyalty program and the Mastercard airline co-brand with Gulf Air in Bahrain.

Since its establishment in 2019, ila Bank has been dedicated to addressing the dynamic needs and lifestyles of its customers with bespoke banking solutions. The digital, mobile-only bank, well-received both domestically and regionally, currently offers a range of card products, including debit, credit and prepaid cards, that provide unparalleled bonus advantages and a personalized loyalty reward system.

Other innovative products accessible through the award-winning ila app include smart digital saving tools, like Hassala and Jamiya, as well as Al Kanz, ila’s prize account that awards substantial cash prizes to lucky customers throughout the year.

About Mastercard
Mastercard powers economies and empowers people in 200+ countries and territories worldwide. Together with our customers, we’re building a sustainable economy where everyone can prosper. We support a wide range of digital payments choices, making transactions secure, simple, smart and accessible. Our technology and innovation, partnerships and networks combine to deliver a unique set of products and services that help people, businesses and governments realize their greatest potential.

www.mastercard.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/a838d1fe-d20b-4879-8e41-152c9e78b0a4

The MIL Network –

May 28, 2025
MIL-OSI: Cheap Psychic Readings [$0.99/Min] Best Cheap Phone Psychics for Affordable Readings in 2025
Source: GlobeNewswire (MIL-OSI)

San Francisco, CA, May 27, 2025 (GLOBE NEWSWIRE) — — Are you searching for insight into your future without breaking the bank? You’re not alone. Many people want spiritual clarity but hesitate due to high prices. Fortunately, cheap psychic readings are now more accessible than ever. With a wide range of affordable psychics available online and over the phone, getting the answers you need is just a call or click away.

⇒ Talk to experienced and trusted cheap psychics offering free trial readings!

You don’t need to spend a fortune to receive quality spiritual guidance. With so many reliable and cheap psychics available online and by phone, connecting with your higher path is more affordable than ever. Explore affordable psychic readings today and discover how much clarity and peace of mind are just a session away.

The Psychic Experts, a reputable platform known for reviewing top psychic services, has released its 2025 report featuring the best affordable psychic readings online. The report reveals a rising trend: more people are turning to trusted, low-cost advisors for guidance on love, career, and emotional clarity. With growing demand for cheap phone psychics and live chat readings, this guide helps users find accurate, budget-friendly psychic services they can trust.

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Why Choose Cheap Psychic Readings?

Contrary to popular belief, a cheap psychic reading doesn’t mean low quality. Many trusted and gifted psychics offer discounted or promotional rates to make their services more accessible. These cheap psychics often deliver the same level of accuracy, empathy, and spiritual guidance as higher-priced readers, especially on reputable online platforms.

Whether you’re looking for answers about love, career, family, or finances, affordable psychic readings can provide meaningful insights without straining your budget.

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Top Benefits of Cheap Phone Psychics

Cheap phone psychics offer incredible convenience. You can connect with a psychic instantly from the comfort of your home, eliminating travel time and added costs. Phone readings are especially ideal for those who value privacy or need guidance during stressful moments.

Here are a few reasons people choose cheap phone psychics:
- Immediate access to guidance during tough decisions
- Flexible scheduling, day or night
- Anonymity and emotional comfort
- Affordable rates without compromising quality
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How to Find Affordable Psychics You Can Trust

When looking for affordable psychics, it’s essential to choose a platform with verified readers and positive user reviews. Many well-known psychic websites offer introductory deals, such as:
- First 3 minutes free
- $1 per minute specials
- Discounted first readings
These promotions let you test a psychic’s style and accuracy before committing to a longer session.

Get the best cheap psychic readings from trusted and accurate advisors. Affordable, real insights from cheap phone psychics ready to guide your path today.

⇒ Connect with affordable psychics offering free trial readings!

What to Expect During a Cheap Psychic Reading

A cheap psychic session can be just as enlightening as a premium one. The key is to approach the reading with an open mind and clear intentions. Whether your session is over chat, phone, or video, prepare your questions in advance and be honest with your psychic.

Common reading types include:
- Tarot card readings
- Astrology reports
- Love and relationship readings
- Career guidance
- Spiritual and life path coaching
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Tips to Maximize Your Affordable Psychic Readings

To get the most out of your session:
1. Write down your questions ahead of time.
2. Choose a quiet, private space for your reading.
3. Stay open and relaxed to receive clear guidance.
4. Take notes during or after the reading.
5. Follow up if needed — many platforms allow reviews or follow-up sessions.
Explore accurate and affordable guidance with cheap psychic readings. Connect instantly with the best cheap phone psychics trusted by thousands.

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As search interest grows for terms like “cheap psychic,” “cheap psychic readings,” and “affordable psychic readings,” it’s clear that accessibility is now just as important as accuracy. That’s why The-Psychic-Experts.com is committed to helping users find trusted, insightful services that don’t come with a high price tag.

Unlike generic directories filled with marketing hype or vague listings, this guide was designed to provide real answers to real questions: Are psychics legitimate? Can you chat with a psychic online for free before paying? What are the best platforms for psychic phone readings on a budget?

To answer these questions, The-Psychic-Experts.com reviewed platforms offering flexible options, such as chat or phone formats, transparent pricing, and specialties like love readings, energy healing, and mediumship. Special attention was given to services offering trial minutes, clear pricing, and affordable access to accurate guidance, helping users make informed choices without overspending.

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The goal is to make it easy for users to find a cheap psychic without compromising on quality, accuracy, or privacy. Whether you’re looking for a quick live chat or a longer phone psychic reading, this guide connects you with options that suit both your budget and emotional needs.

Trusted, accurate, and affordable — explore the best cheap psychic readings with top-rated cheap phone psychics who deliver real answers that matter.

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How The Psychic Experts Rank the Best Cheap Psychic Reading Services in 2025

The psychic experts evaluate psychic reading platforms using a detailed and independent review system. The aim is to give users a clear understanding of what to expect from affordable psychic services before committing time or money. Every service reviewed is analyzed through several key criteria designed to ensure that the recommendations are trustworthy, accessible, and aligned with user expectations.

Unlock your future with affordable and accurate cheap psychic readings. The best cheap phone psychics are available now for trusted, insightful advice.

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Price Transparency

One of the most essential factors in the ranking process is pricing clarity. Services showing per-minute rates, trial offers, and refund terms are rated higher than those that obscure fees behind layered credit systems or hidden conditions. A primary concern among new users is being charged without fully understanding how pricing works. To address this, only platforms that provide upfront pricing and clearly explain the cost of cheap psychic readings were considered for the final list.

The guide also places value on services that offer a low-cost entry point—such as a few free minutes to try the service or no requirement for upfront credit card information. These features help users test the quality of a phone psychic or live chat session before deciding whether to continue.

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Service Accessibility (Chat and Phone Options)

Accessibility is also a priority. The rankings focus on services that support chat and phone psychic readings, allowing users to choose the most comfortable format. Some prefer speaking with a psychic by phone for a more direct and personal exchange, while others are more at ease using a chat-based interface, especially when exploring sensitive topics in private.

In both formats, accessibility across devices (mobile and desktop), language support, and the option for instant sessions were all evaluated. Services that made it easy to chat with psychics online, free of complicated signups or long wait times, were rated more favorably.

Spiritual Accuracy and Professionalism

To assess the quality of the readings themselves, The-Psychic-Experts.com uses controlled testing. A selection of readers from each service is evaluated through trial sessions designed to measure consistency, relevance, and tone. Services that employed psychics with clear, situation-specific insights scored higher in this category.

The site does not promote guarantees of supernatural outcomes or unrealistic claims. Instead, the focus is on practical guidance delivered respectfully, with a tone that supports emotional clarity. Psychics who consistently offered helpful, grounded insights in phone and chat formats were favored in the final ranking.

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User Experience and Real Reviews

Finally, user feedback plays a central role in the ranking process. Hundreds of verified customer reviews, across multiple sources, were analyzed to identify patterns. Common themes included satisfaction with pricing, responsiveness, emotional impact, and whether the session met expectations.

Services with frequent complaints about billing confusion, rushed readings, or lack of availability were excluded from the top ranks. Instead, preference was given to platforms with steady user satisfaction and repeat engagement.

No specific company or brand is named in this report. The goal is to offer general consumer guidance based on consistent patterns and user needs. This approach protects the editorial neutrality of The-Psychic-Experts.com and keeps the focus on experience quality rather than marketing.

The result is a trusted resource for anyone seeking a cheap psychic who can offer reliable advice without financial risk or long-term commitment.

⇒ Discover cheap psychic readings with honest and trusted advisors!

What Makes Cheap Psychic Readings Online a Practical Option in 2025?

There’s a common misunderstanding that lower-cost services mean lower quality. The-Psychic-Experts.com’s 2025 guide proves that this is not the case when it comes to psychic readings. Affordable services can deliver valuable, emotionally supportive insights, especially when evaluated carefully.

Access Anytime, Across Time Zones

One of the most substantial advantages of online psychic services is 24/7 access. No matter where the user is located, they can connect with a phone psychic or live chat advisor at any hour. This removes scheduling barriers and allows quick access during personal crises, major decisions, or periods of emotional uncertainty.

The guide highlights how services offering both live chat and phone readings are helping users avoid the long wait times often associated with in-person appointments. Whether someone wants to speak with a psychic directly or have a text-based conversation, availability is much more flexible than before.

⇒ Talk live with affordable and accurate cheap psychics!

Lower Cost Doesn’t Mean Low Value

Price is a significant concern for many people looking for guidance, but not everyone can afford sessions that cost $5 or more per minute. The services reviewed in this report offer alternatives starting at under $1 per minute or include trial minutes to test the service at no cost.

The ability to speak with cheap phone psychics under traditional rates means more people can access emotional support without pressure. It also encourages repeat engagement, helping users build longer-term insight without financial strain.

Quality was not compromised. Many users reported that their experiences with cheap psychics were as detailed and impactful as sessions they’d previously paid more for. What matters most is how clear, focused, and helpful the reading is, not how much it costs.

⇒ Talk to cheap psychics now and enjoy a free trial session!

Private, Flexible Sessions

Not everyone is comfortable discussing personal issues face-to-face. Many users prefer psychic chat sessions because they can stay anonymous while receiving direct answers. The live chat format is handy for first-time users or those who want to explore specific questions discreetly.

Phone readings remain a preferred option for those seeking a more interactive experience. The connection can feel more personal with voice tone, pauses, and real-time responses. Both methods have benefits, and having the option to choose adds to the appeal of cheap psychic readings online.

Services that allow users to chat with psychics online for free, at least for a few minutes, give an added layer of confidence. They reduce risk, support trust, and allow users to experience the process before paying for a longer session.

User Control and Session Customization

Cheap psychic services often allow users to filter by category, skill, and reading style. This level of control helps people match with psychics who specialize in what they’re going through—whether that’s a relationship issue, work stress, or spiritual uncertainty.

Rather than relying on one-size-fits-all solutions, users can choose how long they want their session to be, how much they’re willing to spend, and what topics they want to discuss.

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Types of Cheap Psychic Readings Available Online in 2025

As demand for affordable psychic services increases, so do the options available. The psychic expert’s latest report outlines the most common formats users can choose from when seeking insight and support. These services are built around flexibility—letting people decide how to connect, how much time they want to spend, and what information they hope to receive.

Psychic Phone Readings

Phone psychic readings continue to be one of the most requested formats. This method lets users speak directly with a psychic, offering a natural and real-time conversation. Many people feel more connected when they hear voice tone, emotion, and pacing—all of which help build trust during a reading.

Phone sessions are ideal for those who want detailed discussions or have multiple questions that need follow-up. They’re also preferred by people dealing with emotionally complex topics like relationship decisions or long-term career questions. Because of their interactive nature, phone readings often allow for deeper follow-through and clarification.

Phone psychic readings are offered at various price points. The report features several services where cheap phone psychics offer quality sessions under $2 per minute, with many providing free minutes upfront for first-time users.

⇒ Talk to psychic experts offering affordable phone readings!

Live Psychic Chat Readings

Chat-based readings are especially popular with users who prefer privacy or wish to remain anonymous. This format involves real-time messaging with a psychic advisor, often through a platform’s built-in chat tool.

Many users choose this option because it gives them more time to think about what they want to say. It also creates a written transcript of the conversation, which can be helpful for review later. Live psychic chat is a common starting point for new users exploring the service without committing to a phone call.

For those wondering if chat readings are as effective as phone ones, The-Psychic-Experts.com notes that both formats can be equally accurate. The decision often comes down to personal comfort.

Chat services are also a strong choice for people with hearing difficulties or those in shared living spaces where phone calls aren’t ideal. They often include features like instant connection, user ratings, and profile filters that help match the reader to the user’s concerns.

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Psychic Medium Chat

This chat form focuses specifically on communicating with loved ones who have passed away. Medium readings are usually more specialized and are handled by psychics trained in this type of spiritual connection.

The format can vary between chat and phone, but many people find psychic medium chat to be less overwhelming than a phone session, especially when dealing with grief. Written communication allows them to take their time, reflect, and process what is being shared.

Not all services offer this type of reading, and The-Psychic-Experts.com’s report highlights which platforms include mediumship among their specialties. Readers trained in this area are usually marked clearly on their profiles, and users are encouraged to seek reviews before beginning a session.

Free Psychic Reading Online Chat (No Credit Card Needed)

A growing number of users prefer to try a reading without any financial commitment. The guide also looks at platforms offering free psychic chat with no credit card required.

These trial sessions are often short, typically 3 to 5 minutes, but give users a sense of the reader’s style and accuracy. More importantly, they reduce the risk of misunderstanding pricing models or being locked into service before feeling confident.

Many people use these free minutes to test multiple readers before deciding who to work with long-term. For those unsure where to start, this is one of the most practical ways to explore psychic reading without pressure.

⇒ Talk now and get a free trial with cheap psychic readings!

When to Choose Chat or Phone

There’s no single format that fits everyone. Choosing between chat and phone depends on the user’s communication style, emotional needs, and environment.

Phone is best for:
- Real-time emotional support
- Follow-up questions
- Detailed explanations
Chat is best for:
- Privacy or public settings
- Written reference after the session
- First-time users testing the service
⇒ Connect for accurate, affordable cheap phone psychic sessions

How to Choose the Right Cheap Psychic for Your Needs

Finding the right psychic doesn’t always mean finding the most expensive one. Many users discover that a low-cost reader can offer just as much value when properly vetted. The-Psychic-Experts.com outlines several tips to help people choose wisely, avoid common mistakes, and match with a psychic who aligns with their goals.

Look for Verified Reviews and Reading Samples

A good starting point is reading user feedback. Platforms included in the guide often feature star ratings, written testimonials, and repeat client data. These reviews can help identify patterns, such as whether a psychic is known for accuracy, compassion, or quick connection.

Some services allow potential clients to read public transcripts or summaries from previous sessions. This can give insight into how the psychic communicates and whether their tone matches the user’s preferences.

⇒ Talk to affordable, cheap psychics with top reviews!

Focus on Specialty Match

Not all psychics work the same way. Some focus on love and relationships, while others specialize in spiritual growth, career decisions, or past life readings. Choosing someone aligned with the topic at hand makes the session more productive.

For example:
- Love readings: Look for keywords like soulmate, twin flame, or relationship analysis.
- Career or money questions: Search for financial clarity or professional guidance tags.
- Past life insight: Choose readers trained in regression or spiritual recall techniques.
Use Free Minutes or Trial Offers

Cheap psychic readings don’t mean guessing. Many reviewed services offer free 3–5 minutes to new users. This time can be used to evaluate clarity, tone, and connection before deciding whether to continue.

Users can end the session without penalty if the reader seems unclear, vague, or repetitive. Trial minutes are essential for testing multiple options until the right match is found.

⇒ Talk to affordable psychics now and enjoy free minutes!

Red Flags to Watch Out For

While most reviewed services are legitimate, staying cautious is still essential. The-Psychic-Experts.com advises users to be aware of certain warning signs:
- Pushing for extended time: If a reader pressures a client to extend beyond their planned session, this is a concern.
- Making absolute promises: No psychic can guarantee specific outcomes.
- Scare tactics or upselling: Any mention of curses, spells, or urgent need for payment to avoid bad energy is a red flag.
If a psychic introduces those themes, users can disconnect immediately and report the session if needed.

Trust Your First Impression

First impressions matter. If a psychic doesn’t feel present, respectful, or connected in the first few minutes, they may not be the right choice.

Users are encouraged to prepare a few clear questions before the session and to keep the conversation focused. The best psychics will listen carefully, respond directly, and create a comfortable space for users to share details at their own pace.

⇒ Talk to the best cheap psychics for career and relationship insights!

What Real Users Say About Cheap Psychic Readings Online

The psychic experts gathered experiences from everyday users who’ve turned to cheap psychic readings online for clarity and emotional support. The following testimonials represent user profiles covering a range of demographics and situations. These stories help show how accessible psychic services, including psychic phone readings and free psychic chat options, are making a difference in people’s lives in 2025.

⇒ Discover peace of mind with cheap psychic readings!

Samantha, 27, Graphic Designer — Oregon

“I started using psychic chat services about a year ago when I was going through a confusing breakup. I didn’t want to discuss it with friends, and therapy wasn’t in my budget. I found a cheap psychic online who helped me put my feelings in perspective. We connected through a free psychic reading online chat with no credit card required. I was surprised by how calming it was just to talk through things.”

Samantha now uses affordable psychics for guidance on career decisions. “It’s a tool I use when I need another point of view. Not everything is groundbreaking, but the good sessions really help me get unstuck.”

⇒ Connect to trusted cheap psychics offering free minutes!

Richard, 64, Retired Police Officer — Florida

“I used to think psychic readings were all just entertainment. But when I lost my wife, I found myself searching for anything that could offer comfort. I wasn’t ready for a full conversation at first, so I tried a live psychic chat. The reader made no wild claims; it just helped me think about what I was holding onto.”

Now, Richard prefers phone psychic readings. “Sometimes you just want to talk, and the chat doesn’t feel like enough. I’ve found a few cheap phone psychics who actually take the time to listen.”

He continues to use psychic phone readings every few months. “The cost is manageable, and it helps me focus.”

Tania, 35, Single Mother of Two — Texas

“I work full-time and raise two kids. There’s not a lot of time or money left over for me. A friend told me about free psychic chat online, and I thought, ‘Why not?’ I asked about some decisions I’d been avoiding—whether to move, take a promotion, start dating again.”

Tania found the convenience of live chat critical. “I could message someone late at night while the kids were sleeping. And the advice felt honest, not like someone trying to sell me a dream.”

She’s used affordable psychic readings several times since. “You can get what you need in 15 minutes, and it doesn’t cost more than lunch. That’s what makes it sustainable.”

⇒ Discover love, money, and destiny with cheap phone psychics

Closing Summary: A Practical Guide for Affordable Spiritual Support in 2025

The Psychic Experts 2025 report is a practical resource for anyone looking to explore cheap psychic readings without confusion or high costs. By focusing on services that are accessible, affordable, and flexible, the guide helps users take control of their spiritual questions, whether they prefer quick online chats or full phone psychic readings.

With interest in cheap psychic readings, low-cost phone sessions, and flexible reading formats rising across the country, users now have more ways to get support that fits their schedule and budget. This guide simplifies that process by providing precise, unbiased evaluations prioritizing user experience over promotional claims.

The platform has helped thousands of people find their first psychic, explore new reading formats, and return to trusted advisors—all without long-term commitment or inflated pricing. Whether someone seeks relationship advice, closure from a past event, or direction in a career choice, the right psychic match is easier to find when guided by accurate, experience-based information.

FAQs

Are cheap psychic readings accurate?

Yes, cheap psychic readings can be just as accurate as more expensive sessions. Many affordable psychics offer low rates to attract new clients or provide spiritual guidance to a wider audience. Accuracy depends more on the psychic’s ability than the price.

What makes a psychic reading “cheap”?

A cheap psychic reading usually refers to sessions offered at a lower-than-average rate, often as part of a promotion or introductory offer. Many trusted platforms feature cheap psychics with special deals like $1 per minute or free first minutes.

Where can I find affordable psychic readings online?

You can find affordable psychic readings on reputable websites that verify their psychics and offer user reviews. Look for platforms that highlight cheap phone psychics and chat options, with clearly stated pricing and customer support.

Are cheap phone psychics reliable?

Yes, many cheap phone psychics are experienced and trustworthy. Phone readings can offer the same depth and accuracy as in-person sessions, especially when provided by vetted and well-reviewed affordable psychics.

Can I get a cheap psychic reading about love and relationships?

Absolutely. Many cheap psychics specialize in love, relationships, and compatibility readings. Whether you’re dealing with heartbreak or seeking your soulmate, cheap psychic readings can offer deep insights at a low cost.

How long does a cheap psychic reading last?

The duration depends on the platform and your budget. Most cheap psychic readings are billed per minute, allowing you to control how much you spend. Short sessions can still provide powerful insights, especially with focused questions.

What should I ask during an affordable psychic reading?

Prepare clear, specific questions to get the most out of your affordable psychic reading. Topics can include love, career, family, finances, or spiritual growth. Many people ask cheap phone psychics about timing, decision-making, or past-life insights.

Do affordable psychics offer free readings?

Many affordable psychics offer the first few minutes free or discounted as a trial. While not completely free, these offers make it easy to test the psychic’s style and accuracy before committing to a full cheap psychic reading.

Are cheap psychic readings safe and confidential?

Yes, most reputable platforms that offer cheap psychic readings ensure privacy and confidentiality. Whether you’re connecting with cheap phone psychics or using online chat, your personal information and questions remain secure.

What’s the difference between a cheap psychic and an expensive one?

Often, the difference lies in popularity or years of experience. However, many cheap psychics are just as talented but choose to keep their rates accessible. It’s always a good idea to read reviews and choose a psychic based on connection and accuracy, not just price.

Media Contact
Company: The Psychic Experts
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Email: support@the-psychic-experts.com
Address: 1 Fremont St, Las Vegas, NV 89101, USA
URL: https://the-psychic-experts.com/
Phone: +1 414-203-2598

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The MIL Network –
May 28, 2025
MIL-OSI Europe: OSCE launches capacity-building series on virtual assets taxation in Moldova

Source: Organization for Security and Co-operation in Europe – OSCE

Headline: OSCE launches capacity-building series on virtual assets taxation in Moldova

Participants learning about virtual assets taxation at a workshop organized by the OSCE, Chisinau, 26 May 2025. (OSCE) Photo details

Practitioners from Moldova’s State Tax Service and the Ministry of Finance worked to enhance their understanding of virtual assets, their tax implications, and effective regulation and compliance mechanisms at a workshop organized by the OSCE from 26 to 27 May in Chisinau.
“It is very important to understand the tax aspects of the legal framework concerning virtual assets to clarify how we quantify the income and pay taxes for virtual assets,” said Olga Golban, Director of the State Tax Service. She highlighted the risks associated with unregulated virtual assets, including tax fraud and tax evasion.
The two-day workshop provided an overview of international good practices for the taxation of virtual assets, tax avoidance schemes, the EU regulatory framework, among other topics. Participants also had the opportunity to explore blockchain technology through simulation exercises.
“As virtual assets and cryptocurrencies continue to expand in scope and complexity, tax authorities around the world face both opportunities and challenges. Today’s workshop explores the topic of virtual assets taxation, good practices from different jurisdictions, and what we can do to better co-ordinate across borders while combating tax evasion,” said Vera Strobachova-Budway, Senior Economic Officer and Head of the Economic Governance Unit at the OSCE.
This workshop marked the first of two workshops to set the foundation for enhancing Moldova’s institutional capacity to effectively address taxation challenges posed by virtual assets. A follow-up workshop is planned to take place in June.
These workshops are being organized as part of the OSCE extrabudgetary project, “Innovative policy solutions to mitigate money-laundering risks of virtual assets”, implemented by the Office of the Co-ordinator of OSCE Economic and Environmental Activities, which is financially supported by Germany, Italy, Poland, Romania, the United Kingdom and the United States.

MIL OSI Europe News –

May 28, 2025
MIL-OSI: Relm Insurance Appoints Rob Thomas as Chief Information Security Officer

Source: GlobeNewswire (MIL-OSI)

Hamilton, Bermuda, May 27, 2025 (GLOBE NEWSWIRE) — Relm Insurance (Relm), the leading specialty insurance carrier supporting emerging and innovative industries, is pleased to announce the appointment of Robert Thomas as Chief Information Security Officer (CISO).

Robert brings over 20 years of leadership experience in cybersecurity and technology across the Banking, Insurance, and FinTech sectors. In his role at Relm, he will be responsible for shaping and executing the company’s information security strategy, strengthening its cyber resilience, and ensuring regulatory compliance as Relm continues to scale globally.

Throughout his career, Robert has spearheaded digital transformation initiatives, transitioned organizations from outsourced to internal IT service models, and implemented DevOps and automation programs to drive operational efficiency. He has developed robust cybersecurity frameworks aligned with global standards, enabling innovation while protecting critical digital assets in complex, highly regulated environments.

“Robert’s blend of technical expertise, strategic vision, and leadership acumen makes him a tremendous asset to the team,” said Relm CEO and Founder, Joseph Ziolkowski. “His appointment reflects our continued investment in building a secure, scalable foundation to support the unique needs of our clients in fast-evolving industries.”

Robert emphasized his enthusiasm about joining Relm, stating: “Relm’s bold approach to innovation and its commitment to client success are what drew me to this opportunity. I’m excited to lead the charge in strengthening cybersecurity posture and embedding security as a core enabler of growth and resilience across the business.”

Robert holds a Master of Science (MSc) in Information Technology from the University of Liverpool. His leadership philosophy centers on collaboration, transparency, and mentorship, empowering cross-functional teams to deliver secure and scalable solutions.

About Relm Insurance

Relm Insurance Ltd. (Relm) is a Bermuda-domiciled specialty insurance carrier supporting emerging industries that spur innovation and next-generation technologies. Launched in 2019 to address the scarcity of insurance capacity available to these high-growth markets, Relm plays an active role in bolstering the resilience of these innovative industries.

Relm’s unrivaled industry expertise and solutions-driven track record makes it a highly sought-after risk partner for businesses and institutions operating at the forefront of various industries including Web3, digital assets, AI, biotech, and the space economy. Relm has earned a Financial Stability Rating of A, Exceptional, from Demotech.

Media contact:
Yasmin Oronos
Luna PR
yasmin.oronos@lunapr.io

The MIL Network –

May 28, 2025
MIL-OSI: Oxbridge / SurancePlus to Participate in the “2025 Virtual Tech Conference: Discover the Innovations Reshaping Tomorrow” Virtual Conference Presented by Maxim Group LLC
Source: GlobeNewswire (MIL-OSI)

GRAND CAYMAN, Cayman Islands, May 27, 2025 (GLOBE NEWSWIRE) — Oxbridge Re Holdings Limited (Nasdaq: OXBR) (“Oxbridge Re”), together with its subsidiary SurancePlus, is engaged in the tokenization of Real-World Assets (“RWAs”), initially with tokenized reinsurance securities and in providing reinsurance solutions to property and casualty insurers in the Gulf Coast region of the United States. The company today announced its CEO Jay Madhu has been invited to present at the “2025 Virtual Tech Conference: Discover the Innovations Reshaping Tomorrow,” presented by Maxim Group LLC, on Tuesday, June 3rd at 1:00 PM EDT.

Event Details: Oxbridge / SurancePlus CEO and Maxim Senior Analyst Fireside Chat
Date: Tuesday, June 3, 2025
Time: 1:00 PM – 1:30 PM (EDT)
Location: This conference will be live on M-Vest. To attend, sign up to become an M-Vest member.
Click here to learn more and reserve your seat.

Discussion Highlights
- Bringing Traditional Finance On-Chain: How Oxbridge and SurancePlus are leveraging blockchain to modernize reinsurance markets
- Democratization of Reinsurance: Making reinsurance accessible to a much broader range of investors globally
- Tokenized Reinsurance RWAs: A first-of-its-kind asset class offered by a public company subsidiary, targeting 20% and 42% annual yields
Jay Madhu, CEO of Oxbridge, commented: “Maxim’s Tech Conference is a great platform to showcase how we are bridging traditional insurance with Web3 and blockchain innovation. At SurancePlus, we are not just creating tokenized reinsurance securities – we are expanding access to a high-yield opportunity that is uncorrelated to traditional capital markets and has been historically inaccessible to most.”

Oxbridge / SurancePlus will be taking part in the “2025 Virtual Tech Conference: Discover the Innovations Reshaping Tomorrow.” The rapid evolution of technology is paving the way for disruption across all industries, including healthcare, drones, consumer IoT, business solutions, gaming & entertainment, and more. In Maxim’s 2025 Virtual Tech Conference, we will explore how emerging growth companies are expanding their use of Quantum Computing and Artificial Intelligence (AI) to position themselves for the future. Maxim Senior Analysts will facilitate engaging dialogues with CEOs and key management of diverse companies who have their attention on technology and how it will impact and grow their business.

About Oxbridge Re Holdings Limited

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

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

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

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

About Maxim Group LLC

Maxim Group LLC is a full-service investment banking, securities and wealth management firm headquartered in New York. The Firm provides a full array of financial services including investment banking; private wealth management; and global institutional equity, fixed-income and derivatives sales & trading, equity research and prime brokerage services. Maxim Group is a registered broker-dealer with the U.S. Securities and Exchange Commission (SEC) and the Municipal Securities Rulemaking Board (MSRB) and is a member of FINRA SIPC, and NASDAQ. To learn more about Maxim Group, visit maximgrp.com

The MIL Network –
May 28, 2025
MIL-OSI Global: Pope Leo XIV is the first member of the Order of St. Augustine to be elected pope – but who are the Augustinians?

Source: The Conversation – USA – By Joanne M. Pierce, Professor Emerita of Religious Studies, College of the Holy Cross

Pope Leo XIV leaves the Augustinian General House in Rome after a visit on May 13, 2025. AP Photo/Domenico Stinellis

When Pope Leo XIV was elected pope, the assembled crowd reacted with joy but also with surprise: He was the first pope from the United States, and North America more broadly. Moreover, he was the first member of the Order of St. Augustine to be elected to the papacy.

Out of all 267 popes, only 51 have been members of religious orders. Pope Francis was elected in 2013 as the first member of the Jesuit order, the Society of Jesus; he was also the first member of any religious order to be chosen in over 150 years.

As a specialist in medieval Christianity, I am familiar with the origins of many Catholic religious orders, and I was intrigued by the choice of a member of the Order of St. Augustine to follow a Jesuit as pope.

So, who are the Augustinians?

Early monks and concern for community

In antiquity, some Christians chose to lead a more perfect religious life by leaving ordinary society and living together in groups, in the wilderness. They would be led by an older, more experienced person – an abbot. As monks, they followed a set of regulations and guidelines called a “monastic rule.”

The earliest of these rules, composed about the year 400, is attributed to an influential theologian, later a bishop in North Africa, called St. Augustine of Hippo. The Rule of St. Augustine is a short text that offered monks a firm structure for their daily lives of work and prayer, as well as guidelines on how these rules could be implemented by the abbot in different situations. The rule is both firm and flexible.

The first chapter stresses the importance of “common life”: It instructs monks to love God and one’s neighbor by living “together in oneness of mind and heart, mutually honoring God in yourselves, whose temples you have become.”

This is the overriding principle that shapes all later instructions in Augustinian rule.

For example, Chapter III deals with how the monks should behave when out in public. They should not go alone, but in a group, and not engage in scandalous behavior – specifically, staring at women.

If one monk starts staring at a woman, one of the other monks with him should “admonish” him. If he does it again, his companion should tell the abbot first, before any other witnesses are notified, so that the monk can try to change his behavior on his own first, so as not to cause disruption in the community.

Because of this clarity and flexibility, its concern for both the community and the individual members, many early religious communities in the early Middle Ages adopted the Rule of St. Augustine; formal papal approval was not required at this time.

Mendicant friars in medieval Europe

By the end of the 12th century, Western Europe had become much more urbanized.

In response, a new form of religious life emerged: the mendicant friars. Unlike monks who withdrew from ordinary life, mendicants stressed a life of poverty, spent in travel from town to town to preach and help the poor. They would beg for alms along the way to provide for their own needs.

The first mendicant orders, like the Franciscans and Dominicans, received papal approval in the early 13th century. Others were organized later.

A few decades later, several hermits living in the Italian region of Tuscany decided to join together to form a new mendicant order. They chose to follow the Rule of St. Augustine under one superior general; Pope Innocent IV approved the new order as the Order of Hermits of St. Augustine in 1244. Later, in 1254, Pope Alexander IV included other groups of hermits in the order, known as the Grand Union.

The new order grew and eventually expanded across Western Europe, becoming involved in preaching and other kinds of pastoral work in several countries.

Early missionaries to modern times

As European countries began to explore the New World, missionary priests took their place on ships sent from Catholic countries, like Spain and Portugal.

Augustinians were among these early missionaries, quickly establishing themselves in Latin America, several countries in Africa and parts of Southeast Asia and Oceania, arriving in the Philippines in the 16th century.

There, they not only ministered to the European crews and colonists, but they also evangelized – preached the Christian gospel – to the native inhabitants of the country.

Augustinian missionaries started the process of setting up Catholic parishes and, eventually, new dioceses. In time, they founded and taught in seminaries to train native-born men who wanted to join their order.

It wasn’t until the end of the 18th century that Augustinian friars arrived in the United States. Despite many struggles and setbacks in the 19th century, they established Villanova University in Pennsylvania and other ministries in New York and Massachusetts. Except for two 17th-century missionaries, Augustinian friars didn’t arrive in Canada until the 20th century, when they were sent from the German province of the order to escape financial pressure from the economic depression of the 1920s and political pressure from the Nazis.

Pope Francis meets with members of the Order of Augustinian Recollects at the Vatican on Oct. 20, 2016.
L’Osservatore Romano/Pool Photo via AP

Today, there are some 2,800 Augustinian friars in almost 50 countries worldwide. They serve as pastors, teachers and bishops, and have founded schools, colleges and universities on almost every continent. They are also active in promoting social justice in many places – for example, in North America and Australasia, comprising Australia and parts of South Asia.

Based on his years as a missionary and as provincial of the entire order worldwide, Leo XIV draws on the rich interpersonal tradition of the Order of St. Augustine. I believe his pontificate will be one marked by his experiential awareness of Catholicism as a genuinely global religion, and his deep concern for the suffering of the marginalized and those crushed by political and economic injustice.

Joanne M. Pierce does not work for, consult, own shares in or receive funding from any company or organization that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

– ref. Pope Leo XIV is the first member of the Order of St. Augustine to be elected pope – but who are the Augustinians? – https://theconversation.com/pope-leo-xiv-is-the-first-member-of-the-order-of-st-augustine-to-be-elected-pope-but-who-are-the-augustinians-257175

MIL OSI – Global Reports –

May 28, 2025
MIL-OSI Global: Europeans are concerned that the US will withdraw support from NATO. They are right to worry − Americans should, too

Source: The Conversation – USA – By John Deni, Research Professor of Joint, Interagency, Intergovernmental, and Multinational Security Studies, US Army War College

American soldiers join 3,000 troops from other NATO member countries in a four-week exercise in Hohenfels, Germany, in March 2025. Sean Gallup/Getty Images

The United States has long played a leadership role in NATO, the most successful military alliance in history.

The U.S. and 11 other countries in North America and Europe founded NATO in 1949, following World War II. NATO has since grown its membership to include 32 countries in Europe and North America.

But now, European leaders and politicians fear the United States has become a less reliable ally, posing major challenges for Europe and, by implication, NATO.

This concern is not unfounded.

President Donald Trump has repeatedly spoken of a desire to seize Greenland, which is an autonomous territory of Denmark, a NATO member. He has declared that Canada, another NATO member, should become “the 51st state.” Trump has also sided with Russia at the United Nations and said that the European Union, the political and economic group uniting 27 European countries, was designed to “screw” the U.S.

Still, Trump – as well as other senior U.S. government officials – has said that the U.S. remains committed to staying in and supporting NATO.

For decades, both liberal and conservative American politicians have recognized that the U.S. strengthens its own military and economic interests by being a leader in NATO – and by keeping thousands of U.S. troops based in Europe to underwrite its commitment.

President Donald Trump speaks at a NATO Summit in July 2018 during his first term.
Sean Gallup/Getty Images

Understanding NATO

The U.S., Canada and 10 Western European countries formed NATO nearly 80 years ago as a way to help maintain peace and stability in Europe following World War II. NATO helped European and North American countries bind together and defend themselves against the threat once posed by the Soviet Union, a former communist empire that fell in 1991.

NATO employs about 2,000 people at its headquarters in Brussels. It does not have its own military troops and relies on its 32 member countries to volunteer their own military forces to conduct operations and other tasks under NATO’s leadership.

NATO does have its own military command structure, led by an American military officer, and including military officers from other countries. This team plans and executes all NATO military operations.

In peacetime, military forces working with NATO conduct training exercises across Eastern Europe and other places to help reassure allies about the strength of the military coalition – and to deter potential aggressors, like Russia.

NATO has a relatively small annual budget of around US$3.6 billion. The U.S. and Germany are the largest contributors to this budget, each responsible for funding 16% of NATO’s costs each year.

Separate from NATO’s annual budget, in 2014, NATO members agreed that each participating country should spend the equivalent of 2% of its gross domestic product on their own national defense. Twenty two of NATO’s 31 members with military forces were expected that 2% threshold as of April 2025.

Although NATO is chiefly a military alliance, it has roots in the mutual economic interests of both the U.S. and Europe.

Europe is the United States’ most important economic partner. Roughly one-quarter of all U.S. trade is with Europe – more than the U.S. has with Canada, China or Mexico.

Over 2.3 million American jobs are directly tied to producing exports that reach European countries that are part of NATO.

NATO helps safeguard this mutual economic relationship between the U.S. and Europe. If Russia or another country tries to intimidate, dominate or even invade a European country, this could hurt the American economy. In this way, NATO can be seen as the insurance policy that underwrites the strength and vitality of the American economy.

The heart of that insurance policy is Article 5, a mutual defense pledge that member countries agree to when they join NATO.

Article 5 says that an armed attack against one NATO member is considered an attack against the entire alliance. If one NATO member is attacked, all other NATO members must help defend the country in question. NATO members have only invoked Article 5 once, following the Sept. 11, 2001, attacks in the U.S., when the alliance deployed aircraft to monitor U.S. skies.

A wavering commitment to Article 5

Trump has questioned whether he would enforce Article 5 and help defend a NATO country if it is not paying the required 2% of its gross domestic product.

NBC News also reported in April 2025 that the U.S. is likely going to cut 10,000 or more of the nearly 85,000 American troops stationed in Europe. The U.S. might also relinquish its top military leadership position within NATO, according to NBC.

Many political analysts expect the U.S. to shift its national security focus away from Europe and toward threats posed by China – specifically, the threat of China invading or attacking Taiwan.

At the same time, the Trump administration appears eager to reset relations with Russia. This is despite the Russian military’s atrocities committed against Ukrainian military forces and civilians in the war Russia began in 2022, and Russia’s intensifying hybrid war against Europeans in the form of covert spy attacks across Europe. This hybrid warfare allegedly includes Russia conducting cyberattacks and sabotage operations across Europe. It also involves Russia allegedly trying to plant incendiary devices on planes headed to North America, among other things.

President Joe Biden speaks during a NATO summit in Washington in July 2024.
Roberto Schmidt/AFP via Getty Images

A shifting role in Europe

The available evidence indicates that the U.S. is backing away from its role in Europe. At best – from a European security perspective – the U.S. could still defend European allies with the potential threat of its nuclear weapon arsennal. The U.S. has significantly more nuclear weapons than any Western European country, but it is not clear that this is enough to deter Russia without the clear presence of large numbers of American troops in Europe, especially given that Moscow continues to perceive the U.S. as NATO’s most important and most powerful member.

For this reason, significantly downsizing the number of U.S. troops in Europe, giving up key American military leadership positions in NATO, or backing away from the alliance in other ways appears exceptionally perilous. Such actions could increase Russian aggression across Europe, ultimately threatening not just European security bu America’s as well.

Maintaining America’s leadership position in NATO and sustaining its troop levels in Europe helps reinforce the U.S. commitment to defending its most important allies. This is the best way to protect vital U.S. economic interests in Europe today and ensure Washington will have friends to call on in the future.

John Deni does not work for, consult, own shares in or receive funding from any company or organization that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

– ref. Europeans are concerned that the US will withdraw support from NATO. They are right to worry − Americans should, too – https://theconversation.com/europeans-are-concerned-that-the-us-will-withdraw-support-from-nato-they-are-right-to-worry-americans-should-too-253907

MIL OSI – Global Reports –

May 28, 2025
MIL-OSI Global: Why some towns lose local news − and others don’t

Source: The Conversation – USA – By Abby Youran Qin, Ph.D. candidate at School of Journalism & Mass Communication, University of Wisconsin-Madison

Five elements determine which towns lose their papers and which ones beat the odds. Hans Henning Wenk/Getty Images

Why did your hometown newspaper vanish while the next town over kept theirs?

This isn’t bad luck − it’s a systemic pattern. Since 2005, the United States has lost over one-third of its local newspapers, creating “news deserts” where corruption is more likely to spread and communities may become politically polarized.

My research, published in Journalism & Mass Communication Quarterly, analyzes the factors behind the decline of local newspapers between 2004 and 2018. It identifies five key drivers − ranging from racial disparity to market forces − that determine which towns lose their papers and which ones beat the odds.

1. Newspapers follow the money, not community needs

You might expect news media to gravitate toward areas where their work is needed most − communities experiencing population growth or facing systemic challenges. But in reality, newspapers, like any business, tend to thrive where the financial resources are greatest.

My analyses suggest that local newspapers survive where affluent subscribers and deep-pocketed advertisers cluster. That means wealthy white suburbs keep their watchdogs, while low-income and diverse communities lose theirs.

When police brutality spikes, when welfare offices deny claims, when local officials divert funds − these are the moments when communities need their journalists the most.

Bertram de Souza works on a story for The Vindicator newspaper in Youngstown, Ohio, on Aug. 7, 2019. The 150-year-old paper shut down later that month because of financial struggles.
Tony Dejak, AP Photos

Poor and racially diverse communities often face the harshest policing and interact more with street-level bureaucrats than wealthier citizens. That makes them more vulnerable to government corruption and misconduct. Yet, these same communities are the first to lose their newspapers, because there are no luxury real estate agencies buying ads, and few residents can afford the monthly subscriptions.

Without journalistic scrutiny, scholars find that mismanagement flourishes, corruption costs balloon, and the communities most vulnerable to abuse receive the least accountability. This is how news deserts exacerbate inequality.

2. Newspapers don’t adequately serve diverse communities

Picture this: A newsroom sends its reporters, most of whom are white, to a Black neighborhood − but only after reports of gunshots or building fires. Residents, still in shock, don’t want to talk. So journalists call the same three community leaders they always quote, run the tragic story and disappear until the next crisis. This approach, often referred to as “parachute journalism,” results in shallow coverage that paints the community in a negative light while overlooking its complexities.

Year after year, the pattern repeats. The only time residents see their neighborhood in the paper is when something terrible happens. No feature story of the family-owned restaurant celebrating its 20-year anniversary, no reporter at the town hall when the new police chief gets grilled about stop-and-frisk − just the constant drumbeat of crime and crisis.

Is it any wonder racially diverse communities stop trusting and paying for that paper? Not when many working-class families of color can barely afford to add a newspaper subscription to their bills.

Diverse neighborhoods get hit twice. First, their local papers inadequately represent them. Then, when people understandably turn away, subscriptions drop, advertisers pull back and the outlets shut down, leaving whole communities without a voice.

Only in recent years have more media outlets begun to make a concerted effort to engage with and reflect the communities they serve. However, such efforts are often led by newer media organizations with fresh ideologies, while many long-standing media outlets remain stuck in traditional reporting practices, as illustrated in Jacob Nelson’s “Imagined Audiences.” Although my analyses of local newspaper decline from 2004 to 2018 paints a frustrating picture, the emerging trend of community-oriented journalism holds promise for positive changes in diverse communities.

3. Population growth doesn’t always save newspapers

It’s easy to assume that more people = more readers = healthier news organizations. But my research tells a different story: Counties with larger population growth actually saw greater declines in local newspapers.

The catch lies in who is moving in: Population growth saves papers only when it comes with wealth. Affluent newcomers bring subscriptions and advertisers’ attention. But growth driven by high birth rates, typically seen in less developed areas with more racial and ethnic minorities, doesn’t translate to revenue. In short, growth alone isn’t enough − it’s the type of growth, and the economic power behind it, that matters.

This highlights the fragility of market-dependent journalism. The news gap experienced by fast-growing communities may persist where local journalism depends primarily on traditional advertising and subscription revenues rather than diversified revenue sources such as grants and philanthropic donations. The latter, which often focus on community needs rather than profit potential, are more likely to help sustain journalism in areas with significant population growth.

Local news sources help residents hold their elected officials accountable.
Jim Mone/AP Photos

4. Neighbors’ newspapers can save yours

You’d think that competition between newspapers would be a cutthroat affair. But in an era of decline, my analyses reveal a counterintuitive truth: Your town’s paper actually has better odds when nearby communities keep theirs.

Rather than competing, neighboring papers often become allies, sharing breaking news, splitting investigative costs and attracting advertisers who want regional reach. While this collaboration can sometimes cause papers to lose their local identity, having some local journalism is still better than none. It ensures some level of accountability, even if the news isn’t as focused on each town’s unique needs.

Resilient local journalism clusters together. When one paper invests in original reporting, its neighbors often benefit too. When regional businesses support multiple outlets, the entire news ecosystem becomes more sustainable.

5. Left or right? Local papers die either way

In this highly polarized era, it turns out that there’s no significant link between a county’s partisan makeup and its ability to keep newspapers.

Urban hubs such as Chicago keep robust media thanks to dense populations and corporate advertisers, not because they vote for Democrats. Meanwhile, newspapers in conservative rural areas can survive by cultivating loyal readerships within their communities.

In contrast, communities with lower income and a diverse population lose outlets no matter whether they are red, blue or purple.

Partisan battles might dominate national headlines, but local journalism’s survival hinges on practical factors such as money and market size. Saving local news isn’t a left vs. right debate − it’s a community issue that requires nonpartisan solutions.

Abby Youran Qin does not work for, consult, own shares in or receive funding from any company or organization that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

– ref. Why some towns lose local news − and others don’t – https://theconversation.com/why-some-towns-lose-local-news-and-others-dont-252155

MIL OSI – Global Reports –

May 28, 2025
MIL-OSI United Kingdom: Landmark mine water heat scheme goes live in Wales
Source: United Kingdom – Executive Government & Departments

Press release

Landmark mine water heat scheme goes live in Wales

Wales’ first commercial mine water heat scheme goes live in Ammanford to provide low-carbon heat to a nearby industrial site.
Heat exchangers being installed into the treatment lagoons.

Previously untapped heat from a mine water treatment scheme in Wales is now being harnessed to provide low-carbon heating for a nearby business.

Reducing carbon emissions from traditional fossil fuel heating remains a significant challenge in the fight against climate change.

Wales, with its industrial heritage and coal mining past, has recognised the potential of mine water heat, through its Heat Strategy for Wales, as a viable option to support a just transition to renewables.

As part of this commitment, the Mining Remediation Authority identified an opportunity for low-carbon heat recovery at our Lindsay treatment scheme near Ammanford, Carmarthenshire, as part of our work to map areas of Wales most suited for mine water heat schemes, which was commissioned by the Welsh Government.

Landmark mine water heat scheme goes live in Wales

We operate more than 80 treatment schemes across Great Britain and at Lindsay we pump and treat an average of 25 litres of mine water per second – nearly enough to fill an Olympic-sized swimming pool every day.

This process removes approximately 28 kilograms of iron each day, preventing it from entering local watercourses, protecting the Ffrwd Brook, which flows into the River Loughor, safeguarding aquatic ecosystems and contributing to cleaner, healthier rivers in the region.

Now, for the first time in Wales, the heat from mine water is being harnessed to provide secure, low-carbon heating at an industrial site.

The mine water is naturally warm due to geothermal energy from the earth’s crust and heat retained from its time circulating through underground rock layers and former coal mines.

Working in collaboration with local business Thermal Earth Ltd, the renewable heat project secured funding through Innovate UK’s New Innovators in Net Zero Industry, South West Wales initiative.

Constructed in just two weeks, the innovative project utilises heat exchangers submerged in one of the settlement ponds at the Lindsay scheme to recover heat from mine water, which is then transferred to a nearby industrial unit to supply low-carbon heating and hot water, and is predicted to save 17.5 tonnes of CO2 per year.

How the Lindsay scheme cleans water and also provides heat

Andrew Simpson, head of Innovation, By-Products and Services at the Mining Remediation Authority, said:

It’s been incredibly rewarding to see this forward-thinking project, transforming part of our mining legacy into a source of clean, renewable heat.

It’s a powerful example of how innovation, collaboration and technical expertise can work together to deliver real-world solutions to the climate challenge.

This scheme demonstrates how Wales’ industrial heritage can be repurposed to support a low-carbon future.

By unlocking the potential of mine water heat, we’re not only reducing emissions but also creating a blueprint for sustainable energy that can be replicated across the country.

We hope this success inspires others to explore the untapped potential of mine water heat as a reliable, renewable energy source.

Nick Salini, managing director of Thermal Earth Ltd, said:

Completion of this demonstration project marks a monumental step forward in sustainable energy innovation.

By harnessing the untapped thermal energy from mine water, we’re not only pioneering the first commercial use of heat from a mine water treatment scheme in Wales but also redefining what’s possible for renewable heating.

Thermal Earth’s heat pump system

Since establishing Thermal Earth in 2006, Mr Salini has been a strong advocate for sustainable heating solutions. Growing up in Ammanford, a town with a long mining history, he recognised the potential of abandoned mine water as a heat source.

By completing this demonstration system, Thermal Earth has successfully converted its facility away from liquefied petroleum gas, reducing dependence on fossil fuels and showcasing the possibilities of innovative renewable solutions.

Mr Salini added:

This project wouldn’t have been possible without the collaboration of the team at the Mining Remediation Authority and Innovate UK, who shared our ambition to turn the Lindsay site into a sustainable asset. Together, we have proven that innovation can thrive with collaboration.

We hope this project is just the beginning. This model can be scaled and replicated to provide local communities with heat networks offering low-cost heating for residents and businesses, with the potential to create jobs within the green economy.

Welsh Government Cabinet Secretary for Economy, Energy and Planning, Rebecca Evans, said:

This innovative project is a perfect example of how Wales is turning its industrial heritage into sustainable solutions. By harnessing heat from former mine workings, we’re not just reducing carbon emissions but creating new economic opportunities in our communities.

The mine water maps, commissioned by the Welsh Government, recognised the significant role mine water heat can play in our journey to net zero. This scheme demonstrates what’s possible and creates a model that could be replicated across Great Britain, utilising local expertise and supply chains.

This is exactly the kind of collaborative approach that will help us build a more sustainable, prosperous Wales for future generations.

Heat exchangers being installed into the treatment lagoons.

The Lindsay scheme has been successfully treating mine water since 2003 and the pioneering the concept of adding heat recovery features to treatment sites is part of our wider geothermal energy research.

This new development follows the success of the privately-funded project at Lanchester Wines warehouses, which has been successfully using mine water to provide low-carbon space heating since 2018, and the Gateshead scheme, the UK’s first large-scale mine water heat network, which began providing heat to homes and businesses in March 2023.

The Thermal Earth scheme serves as a powerful operational demonstrator, showcasing another innovative way to access mine water heat and inspiring confidence in future projects across Wales and Great Britain.

It is hoped that the data from the scheme will help build investor confidence and encourage other organisations to explore this technology, furthering knowledge-sharing within the sector.

For media enquiries contact the community response team

Email communityresponse@miningremediation.gov.uk

Telephone 0800 288 4211

For emergency media enquiries (out of hours) call: 0800 288 4242.
Only urgent media calls will be attended to.

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Published 27 May 2025
MIL OSI United Kingdom –
May 28, 2025
MIL-OSI Economics: Ida Wolden Bache: Norges Bank’s management of the Government Pension Fund Global

Source: Bank for International Settlements

Thank you for the opportunity to talk about Norges Bank’s management of the Government Pension Fund Global (GPFG).

The investment objective of the GPFG is to achieve the highest possible return at an acceptable level of risk. In 2024, returns were high but lower than the return on the benchmark index against which our performance is measured. The Executive Board emphasises the importance of assessing the performance of the GPFG over long periods and is satisfied that the return over time has been higher than the return on the benchmark index.

We are in a period of global transition. The framework for global trade and cooperation is in play, and the security policy landscape is changing. This has resulted in substantial volatility in the return on the GPFG’s investments so far in 2025.

I have three key messages today:

First, the experience from previous periods of turbulence, as well as the strengthening of Norges Bank’s work on geopolitical risk in recent years, makes the management of the GPFG better equipped to face the current uncertainty.

Second, the GPFG has a financial objective. Active ownership is about managing risk and creating economic value over time.

Third, the energy transition provides investment opportunities. We continue to build a portfolio of renewable energy infrastructure assets and have increased the number of such investments over the past year.

Let me begin with the ability to face new uncertainty.

The Ministry of Finance determines the investment strategy and the benchmark index, and significant strategic decisions are endorsed by the Storting (Norwegian parliament). The equity allocation is 70 percent, and risk is reduced by broad diversification, across regions, sectors and individual companies. The return of the GPFG tracks the benchmark index closely.

Equity investments have been important for the GPFG’s performance. At the end of 2024, the cumulative return on the GPFG amounted to over NOK 11 000 billion since inception, of which equity investments accounted for almost NOK 10 000 billion. In order to achieve this return, we have had to withstand several periods of substantial falls in value.

The repricing of technology stocks after 2000, the financial crisis and the outbreak of the pandemic come to mind. Crises do not repeat themselves. Each crisis is unique and difficult to foresee. Nevertheless, being able to follow the GPFG’s investment strategy through periods of turbulence is a strength.

The Executive Board is responsible for ensuring that Norges Bank Investment Management (NBIM) has the systems, resources and expertise needed to monitor, assess and manage the risk resulting from geopolitical conditions.

In recent years, NBIM’s management of this risk has been strengthened. The scenario analysis and stress testing are part of this. NBIM has built up more expertise and improved internal coordination. The Bank also participates in meetings of the Contact Forum established by the Ministry of Finance for the exchange of information on international matters. All of this enhances contingency preparedness, but contingency planning entails continuous work.

Let me now turn to active ownership. As owner, we have expectations towards the boards of directors of the GPFG’s investee companies. The expectations are described in expectation documents that cover different environmental, social and governance issues. The expectations are principles-based and are publicly available.

Active ownership is about risk management and creating long-term economic value. Climate risk is one example of this. In our opinion, companies that address risks associated with climate change will perform better over time. As a long-term owner of almost all listed companies, it is in the GPFG’s own-interest to have an orderly energy transition.

The energy transition also creates investment opportunities. The mandate provides for investing some of the GPFG in unlisted renewable energy infrastructure. These are active investment decisions that are subject to the same requirements for risk and return as the GPFG’s other investments.

In 2024 and so far in 2025, the Bank has made more investments in unlisted renewable energy infrastructure than previously. The new investments include solar and onshore wind projects in Portugal and Spain and offshore wind projects in the UK, Denmark and Germany. The Bank has also invested in a fund that includes early-stage renewable projects. This fund will invest in different types of technology and across various regions.

The Executive Board has established a framework for unlisted investments that emphasises that also this part of the GPFG’s management must be cost-efficient and responsible. High transparency and reporting standards are required.

Let me conclude. Norges Bank’s management of the GPFG is based on a clear mandate and a framework that has proven robust over time. If we consider that adjustments to the mandate are needed, we are conscious of our responsibility as adviser to the Ministry of Finance.

We welcome the Ministry’s appointment of an external expert group that will review the GPFG’s investment strategy. Such reviews further develop the management of the GPFG, and we will of course make ourselves available to the group if they so wish.

With that, I will pass you to Nicolai Tangen.

MIL OSI Economics –

May 28, 2025
MIL-OSI Asia-Pac: Silver economy measures unveiled

Source: Hong Kong Information Services

Deputy Chief Secretary Cheuk Wing-hing today announced 30 measures to be implemented by the Working Group on Promoting Silver Economy.

The proposed measures cover five areas – boosting silver consumption, developing the silver industry, promoting the quality assurance of silver products, enhancing silver financial and security arrangements, and unleashing silver productivity.

Noting the elderly’s great consumption potential in areas including catering, personal hygiene and healthcare, the Government aims to boost silver consumption through various means, including exhibitions and retail concessions, electronic commerce, the Silver Summit, developing catering initiatives for the elderly, and protecting elderly consumers’ rights and interests.

Another area is developing the silver industry. Mr Cheuk explained that the health and daily needs of the silver-haired group have led to a huge demand for products and services. Silver products including gerontechnology products have hence come into being.

On promoting the quality assurance of silver products, he pointed out that quality assurance for products and services can enhance their acceptance and attractiveness, helping to establish brand value and expand the sales network.

Given that seniors in Hong Kong possess a certain degree of wealth, Mr Cheuk noted that the Government’s objective is to assist them to best utilise their financial resources and financial management tools, and protect their financial resources.

To unleash silver productivity, the Government will encourage and assist more senior citizens to join the labour market through employment support and training, as well as the promotion of elderly-friendly employment practices.

The Deputy Chief Secretary added that the silver economy holds tremendous business opportunities. With the joint efforts of the Government and various sectors, the scale and industrial chain of the silver economy will expand, thereby enhancing seniors’ quality of life in all aspects, and increase their sense of their contentment and happiness.

MIL OSI Asia Pacific News –

May 28, 2025
MIL-OSI: NANO Nuclear Energy Announces Pricing of $105 Million Private Placement of Common Stock

Source: GlobeNewswire (MIL-OSI)

The offering includes primary participation from fundamental institutional investors, including a leading long-only mutual fund and a preeminent global investment manager

Company total cash position expected to be over $200 million following closing

New York, N.Y., May 27, 2025 (GLOBE NEWSWIRE) — NANO Nuclear Energy Inc. (NASDAQ: NNE) (“NANO Nuclear” or “the Company”), a leading advanced nuclear energy and technology company, today announced that it has entered into a definitive securities purchase agreement with institutional investors for the purchase and sale of 3,888,889 shares of common stock in a private placement at a purchase price of $27.00 per share, for total gross proceeds of $105 million.

Participants in the private placement include several fundamental institutional investors, including a leading long-only mutual fund and a preeminent global investment manager.

The closing of the offering is expected to occur on or about May 28, 2025, subject to the satisfaction of customary closing conditions.

With the anticipated net proceeds from the private placement, NANO Nuclear would have over $200 million in cash on hand, which it expects to use to more readily advance its cutting-edge micro nuclear reactors and auxiliary nuclear energy-related businesses, as well as to seek complimentary acquisitions and drive growth towards initial revenue generation.

Titan Partners Group, a division of American Capital Partners, is acting as the sole placement agent for the offering.

The securities issued in the private placement described above have not been registered under the Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements. NANO Nuclear has agreed to file a resale registration statement with the SEC for purposes of registering the resale of the shares of common stock issued in connection with the private placement.

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

For more corporate information please visit: https://NanoNuclearEnergy.com/

About NANO Nuclear Energy, Inc.

NANO Nuclear Energy Inc. (NASDAQ: NNE) is an advanced technology-driven nuclear energy company seeking to become a commercially focused, diversified, and vertically integrated company across five business lines: (i) cutting edge portable and other microreactor technologies, (ii) nuclear fuel fabrication, (iii) nuclear fuel transportation, (iv) nuclear applications for space and (v) nuclear industry consulting services. NANO Nuclear believes it is the first portable nuclear microreactor company to be listed publicly in the U.S.

Led by a world-class nuclear engineering team, NANO Nuclear’s reactor products in development include patented KRONOS MMR™ Energy System, a stationary high-temperature gas-cooled reactor that is in construction permit pre-application engagement U.S. Nuclear Regulatory Commission (NRC) in collaboration with University of Illinois Urbana-Champaign (U. of I.), “ZEUS”, a solid core battery reactor, and “ODIN”, a low-pressure coolant reactor, and the space focused, portable LOKI MMR^™, each representing advanced developments in clean energy solutions that are portable, on-demand capable, advanced nuclear microreactors.

Advanced Fuel Transportation Inc. (AFT), a NANO Nuclear subsidiary, is led by former executives from the largest transportation company in the world aiming to build a North American transportation company that will provide commercial quantities of HALEU fuel to small modular reactors, microreactor companies, national laboratories, military, and DOE programs. Through NANO Nuclear, AFT is the exclusive licensee of a patented high-capacity HALEU fuel transportation basket developed by three major U.S. national nuclear laboratories and funded by the Department of Energy. Assuming development and commercialization, AFT is expected to form part of the only vertically integrated nuclear fuel business of its kind in North America.

HALEU Energy Fuel Inc. (HEF), a NANO Nuclear subsidiary, is focusing on the future development of a domestic source for a High-Assay, Low-Enriched Uranium (HALEU) fuel fabrication pipeline for NANO Nuclear’s own microreactors as well as the broader advanced nuclear reactor industry.

NANO Nuclear Space Inc. (NNS), a NANO Nuclear subsidiary, is exploring the potential commercial applications of NANO Nuclear’s developing micronuclear reactor technology in space. NNS is focusing on applications such as the LOKI MMR^™ system and other power systems for extraterrestrial projects and human sustaining environments, and potentially propulsion technology for long haul space missions. NNS’ initial focus will be on cis-lunar applications, referring to uses in the space region extending from Earth to the area surrounding the Moon’s surface.

For more corporate information please visit: https://NanoNuclearEnergy.com/

For further information, please contact:

Email: IR@NANONuclearEnergy.com
Business Tel: (212) 634-9206

PLEASE FOLLOW OUR SOCIAL MEDIA PAGES HERE:

NANO Nuclear Energy LINKEDIN
NANO Nuclear Energy YOUTUBE
NANO Nuclear Energy TWITTER

Cautionary Note Regarding Forward Looking Statements

This news release and statements of NANO Nuclear’s management in connection with this news release or related events contain or may contain “forward-looking statements” within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. In this context, forward-looking statements mean statements (including statements related to the closing, and the anticipated benefits to the Company, of the private placement described herein) related to future events, which may impact our expected future business and financial performance, and often contain words such as “expects”, “anticipates”, “intends”, “plans”, “believes”, “potential”, “will”, “should”, “could”, “would” or “may” and other words of similar meaning. These forward-looking statements are based on information available to us as of the date of this news release and represent management’s current views and assumptions. Forward-looking statements are not guarantees of future performance, events or results and involve significant known and unknown risks, uncertainties and other factors, which may be beyond our control. For NANO Nuclear, particular risks and uncertainties that could cause our actual future results to differ materially from those expressed in our forward-looking statements include but are not limited to the following: (i) risks related to our U.S. Department of Energy (“DOE”) or related state or non-U.S. nuclear fuel licensing submissions, (ii) risks related the development of new or advanced technology and the acquisition of complimentary technology or businesses, including difficulties with design and testing, cost overruns, regulatory delays, integration issues and the development of competitive technology, (iii) our ability to obtain contracts and funding to be able to continue operations, (iv) risks related to uncertainty regarding our ability to technologically develop, gain registered intellectual property protection for, and commercially deploy a competitive advanced nuclear reactor or other technology in the timelines we anticipate, if ever, (v) risks related to the impact of U.S. and non-U.S. government regulation, policies and licensing requirements, including by the DOE and the U.S. Nuclear Regulatory Commission, including those associated with the recently enacted ADVANCE Act, and (vi) similar risks and uncertainties associated with the operating an early stage business a highly regulated and rapidly evolving industry. Readers are cautioned not to place undue reliance on these forward-looking statements, which apply only as of the date of this news release. These factors may not constitute all factors that could cause actual results to differ from those discussed in any forward-looking statement, and NANO Nuclear therefore encourages investors to review other factors that may affect future results in its filings with the SEC, which are available for review at www.sec.gov and at https://ir.nanonuclearenergy.com/financial-information/sec-filings. Accordingly, forward-looking statements should not be relied upon as a predictor of actual results. We do not undertake to update our forward-looking statements to reflect events or circumstances that may arise after the date of this news release, except as required by law.

The MIL Network –

May 28, 2025
MIL-OSI: Siebert Financial Corp. Announces Preliminary Inclusion in the Russell Index

Source: GlobeNewswire (MIL-OSI)

NEW YORK and MIAMI, May 27, 2025 (GLOBE NEWSWIRE) — Siebert Financial Corp. (NASDAQ: SIEB) announced it has been included in the 2025 Preliminary Russell U.S. Indexes reconstitution, effective after the U.S. market closing on May 23, 2025. The newly reconstituted indexes take effect after U.S. markets close on June 27.

“We’re honored by this recognition,” said Gloria E. Gebbia, majority shareholder and board member of Siebert. “Our inclusion in the Russell Index reflects the strategic progress we’ve made to grow our relevance for the next generation of investors. Siebert today is not only stronger, we’re bolder in how we innovate and how we aim to build lasting value.”

Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. As of June 2024, approximately $10.6 trillion in assets are benchmarked against the Russell U.S. Indexes, which are maintained by FTSE Russell, a leading global index provider.

About Siebert Financial Corp.
Siebert is a diversified financial services company and has been a member of the NYSE since 1967 when Muriel Siebert became the first woman to own a seat on the NYSE and the first to head one of its member firms.

Siebert operates through its subsidiaries Muriel Siebert & Co., LLC, Siebert AdvisorNXT, LLC, Park Wilshire Companies, Inc., RISE Financial Services, LLC, Siebert Technologies, LLC, and StockCross Digital Solutions, Ltd, and Gebbia Media LLC. Through these entities, Siebert provides a full range of brokerage and financial advisory services, including securities brokerage, investment advisory and insurance offerings, securities lending, and corporate stock plan administration solutions, in addition to entertainment and media productions. For over 55 years, Siebert has been a company that values its clients, shareholders, and employees. More information is available at www.siebert.com.

About FTSE Russell

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.

For more information, visit FTSE Russell.

Cautionary Note Regarding Forward-Looking Statements
The statements contained in this press release that are not historical facts, including statements about our beliefs and expectations, are “forward-looking statements” within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements preceded by, followed by, or that include the words “may,” “could,” “would,” “should,” “believe,” “expect,” “anticipate,” “plan,” “estimate,” “target,” “project,” “intend” and similar words or expressions. In addition, any statements that refer to expectations, projections, or other characterizations of future events or circumstances are forward-looking statements.

These forward-looking statements, which reflect beliefs, objectives, and expectations as of the date hereof, are based on the best judgment of the management of Siebert. All forward-looking statements speak only as of the date on which they are made. Such forward-looking statements are subject to certain risks, uncertainties and assumptions relating to factors that could cause actual results to differ materially from those anticipated in such statements, including, without limitation, the following: economic, social and political conditions, global economic downturns resulting from extraordinary events; securities industry risks; interest rate risks; liquidity risks; credit risk with clients and counterparties; risk of liability for errors in clearing functions; systemic risk; systems failures, delays and capacity constraints; network security risks; competition; reliance on external service providers; new laws and regulations affecting Siebert’s business; net capital requirements; extensive regulation, regulatory uncertainties and legal matters; failure to maintain relationships with employees, customers, business partners or governmental entities; the inability to achieve synergies or to implement integration plans; and other consequences associated with risks and uncertainties detailed in Part I, Item 1A – Risk Factors of Siebert’s Annual Report on Form 10-K for the year ended December 31, 2024, and Siebert’s filings with the SEC.

Siebert cautions that the foregoing list of factors is not exclusive, and new factors may emerge, or changes to the foregoing factors may occur that could impact its business. Siebert undertakes no obligation to publicly update or revise these statements, whether as a result of new information, future events, or otherwise, except to the extent required by the federal securities laws.

Media Contact
Deborah Kostroun, Zito Partners
deborah@zitopartners.com
+1 (201) 403-8185

The MIL Network –

May 28, 2025

MIL-OSI: Zeo Energy Corp. Reports Fourth Quarter and Full Year 2024 Financial Results

Source: GlobeNewswire (MIL-OSI)

NEW PORT RICHEY, Fla., May 27, 2025 (GLOBE NEWSWIRE) — Zeo Energy Corp. (Nasdaq: ZEO) (“Zeo”, “Zeo Energy”, or the “Company”), a leading Florida-based provider of residential solar and energy efficiency solutions, today reported financial results for the fourth quarter and full year ended December 31, 2024.

Recent Financial and Operational Highlights

Reported $73.2 million of revenue in 2024 despite pricing challenges from a prolonged, higher interest rate environment
Reported $2.0 million of adjusted EBITDA in 2024, driven by the Company’s flexible operating model and disciplined cost management
Completed the integration of Lumio’s assets, which were acquired in November 2024 as part of Zeo’s market expansion plan
Secured $4.0 million in December to develop a year-round sales force and expand market presence, accelerating the Company’s growth trajectory heading into the second half of 2025
Achieved 6th straight year of positive adjusted EBITDA

Management Commentary
“While 2024 was a challenging year for the solar business as a whole, we are entering 2025 with a sense of renewed optimism around the opportunities ahead,” said Zeo Energy Corp. CEO Tim Bridgewater. “In a consolidating market, we remain positioned to acquire compelling renewable energy assets at attractive valuations to fuel our growth and gain market share over the intermediate term. Our November transaction with Lumio is an example of our ability to identify targets that offer Zeo accretive value with improved geographic and strategic positioning.

“Financially, thanks to our continued focus on efficiency as well as the flexibility in our operating model, we drove our sixth straight year of positive adjusted EBITDA. At the same time, our topline performance largely stabilized quarter-over-quarter, which was encouraging to see as we move through our traditionally slower seasons with limited sales in Q4 and Q1. As of today, our expanded recruitment initiatives remain on target as we begin our peak summer sales season in the second quarter of 2025. Put together, we believe we have the right strategy to operate sustainably today and to thrive over the long term.”

Full Year 2024 Financial Results

Results compare the full year ended December 31, 2024 to the full year ended December 31, 2023.

Total revenue was $73.2 million in 2024, a 33.2% decrease from $109.7 million in 2023. The decrease was primarily due to higher interest rates creating a challenging environment for residential solar sales throughout 2024.
Gross profit decreased to $34.4 million (47.0% of total revenue) in 2024 from $49.8 million (45.4% of total revenue) in 2023. The decrease in gross profit was driven in part by the decrease in sales compared to the prior period. The improvement in gross profit as a percentage of revenue was the result of improved operational efficiencies in labor, a reduction in materials costs, and an increase in sales volume from our internal sales teams.
Net loss was $9.9 million in 2024 compared to net income of $4.8 million in the comparable 2023 period. The decrease was primarily due to stock compensation, increased headcount, and costs incurred as a result of becoming a public company.
Adjusted EBITDA, a non-GAAP measurement of operating performance reconciled below, remained positive, but decreased to $2.0 million (2.7% of total revenue) in 2024 from $7.0 million (6.4% of total revenue) in 2023. The decrease was primarily due to higher interest rates creating a challenging environment for residential solar sales in 2024.

Fourth Quarter 2024 Financial Results

Results compare the 2024 fourth quarter ended December 31, 2024 to the 2024 fourth quarter ended December 31, 2023.

Total revenue was $18.6 million in Q4 2024, an 18.9% decrease from $23.0 million in the comparable 2023 period. The decrease was primarily due to higher interest rates creating a challenging environment for residential solar direct sales throughout 2024.
Gross profit decreased to $11.2 million (60.1% of total revenue) in Q4 2024 from $12.7 million (55.1% of total revenue) in the comparable 2023 period. The decrease was driven in part by the decrease in sales compared to the prior period. The improvement in gross profit as a percentage of revenue was the result of improved operational efficiencies in labor and a reduction in materials costs.
Net loss for Q4 2024 was $1.1 million compared to $1.6 million in the comparable 2023 period. The improvement was primarily related to a $0.7 million tax benefit.
Adjusted EBITDA, a non-GAAP measurement of operating performance reconciled below, increased to $3.1 million (16.8% of total revenue) in Q4 2024 from approximately $(0.9) million (4.1% of total revenue) in the comparable 2023 period. The change was primarily related to a $3.0 million change in depreciation and amortization.

For more information, please visit the Zeo Energy Corp. investor relations website at investors.zeoenergy.com.

About Zeo Energy Corp.

Zeo Energy Corp. is a Florida-based regional provider of residential solar, distributed energy, and energy efficiency solutions. Zeo focuses on high-growth markets with limited competitive saturation. With its differentiated sales approach and vertically integrated offerings, Zeo, through its Sunergy Solar business unit, serves customers who desire to reduce high energy bills and contribute to a more sustainable future. For more information on Zeo Energy Corp., please visit www.zeoenergy.com.

Non-GAAP Financial Measures

Adjusted EBITDA
Zeo Energy defines Adjusted EBITDA, a non-GAAP financial measure, as net income (loss) before interest and other expenses, net, income tax expense, and depreciation and amortization, as adjusted to exclude stock-based compensation. Zeo utilizes Adjusted EBITDA as an internal performance measure in the management of the Company’s operations because the Company believes the exclusion of these non-cash and non-recurring charges allows for a more relevant comparison of Zeo’s results of operations to other companies in the industry. Adjusted EBITDA should not be viewed as a substitute for net loss calculated in accordance with GAAP, and other companies may define Adjusted EBITDA differently.

The following table provides a reconciliation of net income (loss) to Adjusted EBITDA for the periods presented:


	Year Ended December 31,					Quarter Ended December 31,
	2024			2023		2024			2023
Net income (loss)	$	(9,872,358	)	$	4,845,069	$	(1,135,513	)	$	(1,596,773	)
Adjustment:
Other income, net		(233,151	)		183,401		(44,822	)		190,383
Change in fair value of warrant liabilities		(69,000	)		–		759,000			0
Interest expense		333,539			110,857		39,282			47,937
Income tax benefit		(988,802	)		–		(753,450	)		0
Stock compensation		7,951,248			–		849,430			0
Depreciation and amortization		4,836,538			1,841,874		3,423,464			410,392

Adjusted EBITDA		1,958,014			6,981,201		3,137,391			(948,061	)

Adjusted EBITDA Margin

Zeo Energy defines Adjusted EBITDA margin, a non-GAAP financial measure, expressed as a percentage, as the ratio of Adjusted EBITDA to revenue, net. Adjusted EBITDA margin measures net income (loss) before interest and other expenses, net, income tax expense, depreciation and amortization, as adjusted to exclude stock-based compensation and is expressed as a percentage of revenue. In the table above, Adjusted EBITDA is reconciled to the most comparable GAAP measure, net income (loss). Zeo utilizes Adjusted EBITDA margin as an internal performance measure in the management of the Company’s operations because the Company believes the exclusion of these non-cash and non-recurring charges allows for a more relevant comparison of the Company’s results of operations to other companies in Zeo’s industry.

The following table sets forth Zeo’s calculations of Adjusted EBITDA margin for the periods presented:


	Year Ended December 31,						Quarter Ended December 31,
	2024			2023			2024			2023
Total Revenue	$	73,244,083		$	109,691,001		$	18,647,750		$	22,985,981
Adjusted EBITDA		1,958,014			6,981,201			3,137,391			(948,061	)
Adjusted EBITDA margin		2.7	%		6.4	%		16.8	%		(4.1	)	%

Forward-Looking Statements

This news release contains certain forward-looking statements within the meaning of section 27A of the Securities Act of 1933, as amended (the “Securities Act”), and Section 21E of the Exchange Act of 1934, as amended, that are based on beliefs and assumptions and on information currently available to the Company. Such statements may include, but are not limited to, statements that refer to projections, forecasts, or other characterizations of future events or circumstances, including any underlying assumptions. The words “anticipate,” “intend,” “plan,” “goal,” “seek,” “believe,” “project,” “estimate,” “expect,” “strategy,” “future,” “likely,” “may,” “should,” “will,” and similar references to future periods may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements may include, for example, statements about the future financial performance of the Company; the ability to effectively consolidate the assets of Lumio and produce the expected results; changes in the Company’s strategy, future operations, financial position, estimated revenues and losses, projected costs, prospects, the ability to raise additional funds, and plans and objectives of management. These forward-looking statements are based on information available as of the date of this news release, and current expectations, forecasts, and assumptions, and involve a number of judgments, risks, and uncertainties. Accordingly, forward-looking statements should not be relied upon as representing the Company’s views as of any subsequent date, and the Company does not undertake any obligation to update such forward-looking statements to reflect events or circumstances after the date they were made, whether as a result of new information, future events, or otherwise, except as may be required under applicable securities laws. You should not place undue reliance on these forward-looking statements. As a result of a number of known and unknown risks and uncertainties, the Company’s actual results or performance may be materially different from those expressed or implied by these forward-looking statements. Some factors that could cause actual results to differ include: (i) the outcome of any legal proceedings that may be instituted against the Company or others; (ii) the Company’s success in retaining or recruiting, or changes required in, its officers, key employees, or directors; (iii) the Company’s ability to maintain the listing of its common stock and warrants on Nasdaq; (iv) limited liquidity and trading of the Company’s securities; (v) geopolitical risk and changes in applicable laws or regulations, including tariffs or trade restrictions; (vi) the possibility that the Company may be adversely affected by other economic, business, and/or competitive factors; (vii) operational risk; (viii) litigation and regulatory enforcement risks, including the diversion of management time and attention and the additional costs and demands on the Company’s resources; (ix) the Company’s ability to effectively consolidate the assets of Lumio and produce the expected results; and (x) other risks and uncertainties, including those included under the heading “Risk Factors” in the Company’s Annual Report on Form 10-K filed with the U.S. Securities and Exchange Commission (the “SEC”) for the year ended December 31, 2023 and in its subsequent periodic reports and other filings with the SEC.

In light of the significant uncertainties in these forward-looking statements, you should not regard these statements as a representation or warranty by the Company, its respective directors, officers or employees or any other person that the Company will achieve its objectives and plans in any specified time frame, or at all. The forward-looking statements in this news release represent the views of the Company as of the date of this news release. Subsequent events and developments may cause that view to change. However, while the Company may elect to update these forward-looking statements at some point in the future, there is no current intention to do so, except to the extent required by applicable law. You should, therefore, not rely on these forward-looking statements as representing the views of the Company as of any date subsequent to the date of this news release.

Zeo Energy Corp. Contacts

For Investors:
Tom Colton and Greg Bradbury
Gateway Group
ZEO@gateway-grp.com

For Media:
Zach Kadletz
Gateway Group
ZEO@gateway-grp.com

-Financial Tables to Follow-


ZEO ENERGY CORP. CONDENSED CONSOLIDATED BALANCE SHEET

	As of December 31,			As of December 31,
		2024			2023
Assets
Current assets
Cash and cash equivalents	$	5,634,115		$	8,022,306
Accounts receivable, including $191,662 and $396,488 from related parties, net of allowance for credit losses of $1,165,336 and $862,580, as of December 31, 2024 and 2023, respectively		10,186,543			2,905,205
Inventories		872,470			350,353
Contract assets		64,202			4,915,064
Prepaid expenses and other current assets		2,131,345			40,403
Total current assets		18,888,675			16,233,331
Other assets		314,426			62,140
Property, equipment and other fixed assets, net		2,475,963			2,289,723
Right of use operating lease assets		1,268,139			1,135,668
Right of use financing lease assets		447,012			583,484
Intangibles, net		7,571,156			771,028
Related party note receivable		3,000,000
Goodwill		27,010,745			27,010,745
Total assets	$	60,976,116		$	48,086,119

Liabilities, mezzanine equity and stockholders� (deficit) equity
Current liabilities
Accounts payable	$	2,780,885		$	4,699,855
Accrued expenses and other current liabilities, including $3,359,101 and $2,415,966 with related parties at December 31, 2024 and 2023, respectively		8,540,188			4,646,365
Current portion of long-term debt		291,036			294,398
Current portion of obligations under operating leases		583,429			539,599
Convertible promissory note		2,440,000			–
Contract liabilities, including $2,000 and $1,160,848 with related parties as of December 31, 2024 and 2023, respectively		203,607			5,223,518
Total current liabilities		14,969,609			15,522,151
Obligations under operating leases, non-current		799,385			636,414
Obligations under financing leases, non-current		348,807			479,271
Warrant liabilities		1,449,000			–
Long-term debt		496,623			825,764
Total liabilities		18,063,424			17,463,600

Commitments and contingencies (Note 14)

Redeemable noncontrolling interests
Convertible preferred units		16,130,871			–
Class B Units		115,693,900			–

Stockholders’ (deficit) equity
Class V common stock, $0.0001 par value, 100,000,000 authorized shares; 35,230,000 and 33,730,000 shares issued and outstanding as of December 31, 2024, and December 31, 2023, respectively		3,523			3,373
Class A common stock, $0.0001 par value, 300,000,000 authorized shares; 13,252,964 and no shares issued and outstanding as of December 31, 2024, and December 31, 2023, respectively		1,326			–
Additional paid in capital		14,523,963			31,152,491
Accumulated deficit		(103,440,891	)		(533,345	)
Total stockholders’ (deficit) equity		(88,912,079	)		30,622,519
Total liabilities, redeemable noncontrolling interests and stockholders’ (deficit) equity	$	60,976,116		$	48,086,119


ZEO ENERGY CORP. CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

	Year Ended December 31,						3 Months Ended December 31,
	2024			2023			2024			2023
Revenue, net	$	51,088,065		$	94,226,149		$	14,630,831		$	7,521,129
Related party revenue, net		22,156,018			15,464,852			4,016,919			15,464,852
Total revenue		73,244,083			109,691,001			18,647,750			22,985,981
Operating costs and expenses:
Cost of goods sold (exclusive of depreciation and amortization shown below)		38,021,519			59,436,674			7,216,364			10,190,953
Depreciation and amortization		4,836,538			1,841,874			3,423,464			410,392
Sales and marketing		19,587,073			30,324,059			3,408,698			10,510,080
General and administrative		21,628,725			12,949,067			5,734,727			3,233,009
Total operating expenses		84,073,855			104,551,674			19,783,253			24,344,434
(Loss) income from operations		(10,829,772	)		5,139,327			(1,135,503	)		(1,358,453	)
Other (expenses) income, net:
Other income, net		233,151			(183,401	)		44,822			(190,383	)
Change in fair value of warrant liabilities		69,000			–			(759,000	)		–
Interest expense		(333,539	)		(110,857	)		(39,282	)		(47,937	)
Total other income (expense), net		(31,388	)		(294,258	)		(753,460	)		(238,320	)
Net (loss) income before taxes		(10,861,160	)		4,845,069			(1,888,963	)		(1,596,773	)
Income tax benefit		988,802			–			753,450			–
Net (loss) income		(9,872,358	)		4,845,069			(1,135,513	)		(1,596,773	)
Net (loss) attributable to Sunergy Renewables LLC prior to the Business Combination		(523,681	)		4,845,069			–			(1,596,773	)
Net (loss) income subsequent to the Business Combination		(9,348,677	)		–			(1,135,513	)		–
Net (loss) income attributable to redeemable non-controlling interests		(6,679,788	)		–			(700,167	)		–
Net (loss) income attributable to Class A common stock	$	(2,668,889	)	$	–		$	(435,346	)	$	–

Basic and diluted net (loss) income per common unit	$	(0.48	)	$	–		$	(0.04	)	$	–
Weighted average units outstanding, basic and diluted		5,546,925			–			11,057,312			–


ZEO ENERGY CORP. CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

	Year Ended December 31,
	2024			2023
Cash Flows from Operating Activities
Net (loss) income	$	(9,872,358	)	$	4,845,069
Adjustment to reconcile net (loss) income to cash (used in) provided by operating activities
Depreciation and amortization		4,836,538			1,841,874
Gain on disposal of asset		(91,684	)		–
Change in fair value of warrant liabilities		(69,000	)		–
Provision for credit losses		2,815,633			1,531,223
Noncash operating lease expense		705,293			550,425
Stock based compensation expense		7,951,248			–
Deferred tax asset		(997,702	)		–
Changes in operating assets and liabilities:
Accounts receivable		(8,785,973	)		(3,475,661	)
Accounts receivable due from related parties		204,826			(396,488	)
Inventories		(131,898	)		(63,207	)
Contract assets		4,850,862			(4,795,309	)
Prepaids and other current assets		(1,757,354	)		61,852
Other assets		(13,795	)		–
Due from related party		–			(104,056	)
Accounts payable		(2,512,834	)		4,501,798
Accrued expenses and other current liabilities		(1,140,780	)		1,536,287
Accrued expenses and other current liabilities due to related parties		943,135			2,415,996
Contract liabilities		(3,861,063	)		2,913,623
Contract liabilities due to related parties		(1,158,848	)		1,160,848
Operating lease payments		(630,963	)		(547,140	)
Net cash (used in) provided by operating activities		(8,716,717	)		11,977,134

Cash flows from Investing Activities
Purchases of property, equipment and other assets		(369,137	)		(1,034,666	)
Investment in related party		(3,000,000	)		–
Lumio asset purchase		(4,000,000	)		–
Net cash used in investing activities		(7,369,137	)		(1,034,666	)

Cash flows from Financing Activities
Proceeds from the issuance of debt		–			311,029
Principal payment of finance lease liabilities		(118,416	)		(84,678	)
Proceeds from private placement		2,716,000			–
Proceeds from the issuance of convertible preferred stock, net of transaction costs		9,221,649			–
Repayments of debt		(332,503	)		(241,423	)
Proceeds from convertible promissory note, net of debt issuance costs		2,440,000			–
Dividends paid to Convertible preferred units		(139,067	)
Distributions to members		(90,000	)		(5,173,396	)
Net cash provided by (used in) financing activities		13,697,663			(5,188,468	)

Net (decrease) increase in cash and cash equivalents		(2,388,191	)		5,754,000
Cash and cash equivalents, beginning of period		8,022,306			2,268,306
Cash and cash equivalents, end of the period	$	5,634,115		$	8,022,306

Supplemental Cash Flow Information
Cash paid for interest	$	124,488		$	103,421
Accrual of distribution to owners	$	–		$	325,000
Cash paid for income taxes	$	–		$	–
Noncash finance lease expense	$	136,472		$	98,881

Non-cash transactions
Right-of-use assets obtained in exchange for operating lease liabilities	$	837,764		$	–
Deferred equity issuance costs	$	2,769,039		$	–
Issuance of Class A common stock to vendors	$	891,035		$	–
Issuance of Class A common stock to backstop investors	$	1,569,463		$	–
Preferred dividends	$	9,275,795		$	–

The MIL Network –

May 28, 2025

MIL-OSI Asia-Pac: S&P, Moody’s affirm HK’s credit rating

Source: Hong Kong Information Services

The Hong Kong Special Administrative Region Government today said that both S&P and Moody’s gave positive evaluations of Hong Kong’s credit profile, including substantial fiscal buffers and foreign exchange reserves, a strong external balance sheet, and high per-capita income levels.

The statement was made in response to the S&P and Moody’s reports today on maintaining Hong Kong’s AA+ and Aa3 credit rating respectively.

S&P also affirmed Hong Kong’s stable outlook, while Moody’s upgraded the outlook from negative to stable.

The Hong Kong SAR Government pointed out that the recent affirmations of Hong Kong’s credit ratings by Fitch, S&P and Moody’s, all with stable outlooks, demonstrate the city’s resilience in maintaining stability amid increasing global economic and financial uncertainties.

Recent data has further underscored the robustness of Hong Kong’s financial system. Bank deposits have continued to grow, capital markets remain active, and the initial public offering (IPO) market is thriving.

For example, IPO fundraising in Hong Kong has exceeded $76 billion so far this year, more than seven times the amount raised during the same period last year, and nearly 90% of the total raised in all of last year.

The Hong Kong SAR Government noted that both S&P and Moody’s have highlighted its substantial fiscal reserves. It has implemented a series of measures to maintain a robust fiscal situation despite pressures on public finances following the pandemic.

Furthermore, the 2025-26 Budget outlined a reinforced fiscal consolidation programme, focusing primarily on expenditure control, supplemented by revenue generation, to gradually restore balance to government accounts.

The Operating Account is expected to be largely balanced in this financial year, and will return to a surplus in the next financial year of 2026-27.

The Capital Account primarily involves capital works expenditure, which represents investments for the future, such as the Northern Metropolis development. Therefore, the Hong Kong SAR Government will make flexible use of market resources, such as public-private partnerships and increasing the scale of bond issuances, to fast-track the related projects.

Even if so, the level of deficit in the Capital Account will gradually decrease starting from the 2026-27 financial year.

Overall, after counting the proceeds from bond issuances, the Consolidated Accounts will return to a surplus in the 2028-29 financial year. Over the next five years, fiscal reserves are projected to remain at a level well above $500 billion.

Hong Kong’s economy saw robust growth in the first quarter of this year. While the tariff war continues to affect the global economy, the recent easing in international trade tensions has slightly alleviated external unfavourable factors and uncertainties.

Meanwhile, the Mainland continues to advance high-level opening up, with steady economic growth supported by ample policy room and tools to address and resolve various risks and challenges.

With breakthroughs and expedited developments in technology innovation, green transformation and the digital economy, the Mainland offers the greatest backing for Hong Kong’s economic development.

Looking ahead, the Hong Kong SAR Government is confident in addressing external challenges while seizing new opportunities in this evolving landscape.

It remains committed to leveraging Hong Kong’s institutional advantages under the “one country, two systems” framework, reinforcing and enhancing its status as an international financial, shipping and trade centre.

At the same time, it will make great strides to promote Hong Kong’s development as an international innovation and technology centre. These factors will drive high-quality, sustainable economic and social development.

MIL OSI Asia Pacific News –

May 28, 2025

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