NewzIntel.com

Category: Economy

  • MIL-OSI Russia: Preparing engineers of the future: GUU to open laboratory with CNC machines

    Translartion. Region: Russians Fedetion –

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

    The State University of Management has become the winner of a grant from the Ministry of Science and Higher Education of the Russian Federation for universities to create modern educational laboratories for the aircraft manufacturing, shipbuilding and innovative transport industries.

    The modern laboratory for the aircraft construction and innovative transport industry, created on the basis of the State University of Management, in terms of automated development of control programs and studying the basics of working on the CNC system (numerical program control) for machines of various technological groups, will become an important element of the university infrastructure. The laboratory will facilitate the integration of practical activities into the educational process, and in the future – the creation of mechanisms for opening scientific and production associations with partners of the real sector of the economy in the direction of more active cooperation with them and solving applied problems.

    The key goal of the created Laboratory of CNC Control is to improve the engineering skills of young people, to involve students in solving practical problems and challenges of Russian industry and engineering science in the field of innovative technologies.

    The development strategy of the State University of Management involves building up competencies and scientific and technical groundwork in the field of managing the technological process of manufacturing high-tech products to form basic technical training for university graduates. The laboratory will become a practical basis for implementing academic disciplines and additional professional education as part of developing international cooperation in programs for training senior and middle management personnel to work with high-tech CNC equipment in the field of intelligent manufacturing.

    Subscribe to the TG channel “Our GUU” Date of publication: 04/02/2025

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

    MIL OSI Russia News –

  • MIL-OSI: YieldMax™ ETFs Announces Distributions on FIAT (127.21%), CVNY (100.49%), ULTY (77.62%), CONY (73.33%), YMAX (68.44%) and Others

    Source: GlobeNewswire (MIL-OSI)

    CHICAGO and MILWAUKEE and NEW YORK, April 02, 2025 (GLOBE NEWSWIRE) — YieldMax™ today announced distributions for the YieldMax™ Weekly Payers and Group C ETFs listed in the table below.

    ETF
    Ticker    1    		 ETF Name Distribution
    Frequency    		 Distribution
    per Share    		 Distribution
    Rate    2,4    		 30-Day
    SEC Yield3    		 ROC5 Ex-Date &
    Record Date    		 Payment
    Date
    GPTY YieldMax™ AI & Tech Portfolio Option Income ETF Weekly $0.2668 34.84% 0.00% 100.00% 4/3/25 4/4/25
    LFGY YieldMax™ Crypto Industry & Tech Portfolio Option Income ETF Weekly $0.4189 60.57% 0.00% 100.00% 4/3/25 4/4/25
    QDTY YieldMax™ Nasdaq 100 0DTE Covered Call ETF Weekly $0.2638 31.00% 0.00% 37.26% 4/3/25 4/4/25
    RDTY YieldMax™ R2000 0DTE Covered Call ETF Weekly $0.3351 36.44% 0.00% 78.96% 4/3/25 4/4/25
    SDTY YieldMax™ S&P 500 0DTE Covered Call ETF Weekly $0.2723 31.10% 0.00% 65.95% 4/3/25 4/4/25
    ULTY YieldMax™ Ultra Option Income Strategy ETF Weekly $0.0916 77.62% 2.21% 97.00% 4/3/25 4/4/25
    YMAG YieldMax™ Magnificent 7 Fund of Option Income ETFs Weekly $0.0971 33.26% 69.89% 28.54% 4/3/25 4/4/25
    YMAX YieldMax™ Universe Fund of Option Income ETFs Weekly $0.1781 68.44% 96.57% 0.00% 4/3/25 4/4/25
    ABNY YieldMax™ ABNB Option Income Strategy ETF Every 4 Weeks $0.3665 37.87% 3.62% 0.00% 4/3/25 4/4/25
    AMDY YieldMax™ AMD Option Income Strategy ETF Every 4 Weeks $0.2765 45.13% 2.97% 93.13% 4/3/25 4/4/25
    CONY YieldMax™ COIN Option Income Strategy ETF Every 4 Weeks $0.4381 73.33% 4.42% 94.62% 4/3/25 4/4/25
    CVNY YieldMax™ CVNA Option Income Strategy ETF Every 4 Weeks $2.9684 100.49% 2.44% 99.08% 4/3/25 4/4/25
    FIAT YieldMax™ Short COIN Option Income Strategy ETF Every 4 Weeks $0.9240 127.21% 1.73% 98.90% 4/3/25 4/4/25
    MSFO YieldMax™ MSFT Option Income Strategy ETF Every 4 Weeks $0.3337 27.09% 3.75% 0.00% 4/3/25 4/4/25
    NFLY YieldMax™ NFLX Option Income Strategy ETF Every 4 Weeks $0.6020 46.77% 3.58% 59.10% 4/3/25 4/4/25
    PYPY YieldMax™ PYPL Option Income Strategy ETF Every 4 Weeks $0.3521 34.34% 4.19% 0.00% 4/3/25 4/4/25
    Weekly Payers & Group D ETFs scheduled for next week: GPTY LFGY QDTY RDTY SDTY ULTY YMAG YMAX AIYY AMZY APLY DISO MSTY SMCY XYZY YQQQ


    Performance data quoted represents past performance and is no guarantee of future results. Investment return and principal value of an investment will fluctuate so that an investor’s shares, when sold or redeemed, may be worth more or less than their original cost and current performance may be lower or higher than the performance quoted above. Performance current to the most recent month-end can be obtained by calling     (833) 378-0717.

    Note: DIPS, FIAT, CRSH, YQQQ and WNTR are hereinafter referred to as the “Short ETFs.”

    Distributions are not guaranteed. The Distribution Rate and 30-Day SEC Yield are not indicative of future distributions, if any, on the ETFs. In particular, future distributions on any ETF may differ significantly from its Distribution Rate or 30-Day SEC Yield. You are not guaranteed a distribution under the ETFs. Distributions for the ETFs (if any) are variable and may vary significantly from period to period and may be zero. Accordingly, the Distribution Rate and 30-Day SEC Yield will change over time, and such change may be significant.

    Investors in the Funds will not have rights to receive dividends or other distributions with respect to the underlying reference asset(s).

    1 All YieldMax™ ETFs shown in the table above (except YMAX, YMAG, FEAT, FIVY and ULTY) have a gross expense ratio of 0.99%. YMAX, YMAG and FEAT have a Management Fee of 0.29% and Acquired Fund Fees and Expenses of 0.99% for a gross expense ratio of 1.28%. FIVY has a Management Fee of 0.29% and Acquired Fund Fees and Expenses of 0.59% for a gross expense ratio of 0.88%. “Acquired Fund Fees and Expenses” are indirect fees and expenses that the Fund incurs from investing in the shares of other investment companies, namely other YieldMax™ ETFs. ULTY has a gross expense ratio after the fee waiver of 1.30%. The Advisor has agreed to a fee waiver of 0.10% through at least February 28, 2026.
    2 The Distribution Rate shown is as of close on April 1, 2025. The Distribution Rate is the annual distribution rate an investor would receive if the most recent distribution, which includes option income, remained the same going forward. The Distribution Rate is calculated by annualizing an ETF’s Distribution per Share and dividing such annualized amount by the ETF’s most recent NAV. The Distribution Rate represents a single distribution from the ETF and does not represent its total return. Distributions may also include a combination of ordinary dividends, capital gain, and return of investor capital, which may decrease an ETF’s NAV and trading price over time. As a result, an investor may suffer significant losses to their investment. These Distribution Rates may be caused by unusually favorable market conditions and may not be sustainable. Such conditions may not continue to exist and there should be no expectation that this performance may be repeated in the future.
    3 The 30-Day SEC Yield represents net investment income, which excludes option income, earned by such ETF over the 30-Day period ended March 31, 2025, expressed as an annual percentage rate based on such ETF’s share price at the end of the 30-Day period.
    4 Each ETF’s strategy (except those of the Short ETFs) will cap potential gains if its reference asset’s shares increase in value, yet subjects an investor to all potential losses if the reference asset’s shares decrease in value. Such potential losses may not be offset by income received by the ETF. Each Short ETF’s strategy will cap potential gains if its reference asset decreases in value, yet subjects an investor to all potential losses if the reference asset increases in value. Such potential losses may not be offset by income received by the ETF.
    5 ROC refers to Return of Capital. The ROC percentage is the portion of the distribution that represents an investor’s original investment.
       

    Each Fund has a limited operating history and while each Fund’s objective is to provide current income, there is no guarantee the Fund will make a distribution. Distributions are likely to vary greatly in amount.

    Standardized Performance

    For YMAX, click here. For YMAG, click here. For TSLY, click here. For OARK, click here. For APLY, click here. For NVDY, click here. For AMZY, click here. For FBY, click here. For GOOY, click here. For NFLY, click here. For CONY, click here. For MSFO, click here. For DISO, click here. For XOMO, click here. For JPMO, click here. For AMDY, click here. For PYPY, click here. For XYZY, click here. For MRNY, click here. For AIYY, click here. For MSTY, click here. For ULTY, click here. For YBIT, click here. For CRSH, click here. For GDXY, click here. For SNOY, click here. For ABNY, click here. For FIAT, click here. For DIPS, click here. For BABO, click here. For YQQQ, click here. For TSMY, click here. For SMCY, click here. For PLTY, click here. For BIGY, click here. For SOXY, click here. For MARO, click here. For FEAT, click here. For FIVY, click here. For LFGY, click here. For GPTY, click here. For CVNY, click here. For SDTY, click here. For QDTY, click here. For WNTR, click here.

    Important Information

    This material must be preceded or accompanied by the prospectus. For all prospectuses, click here.

    Tidal Financial Group is the adviser for all YieldMax™ ETFs.

    THE FUND, TRUST, AND ADVISER ARE NOT AFFILIATED WITH ANY UNDERLYING REFERENCE ASSET.

    Risk Disclosures (applicable to all YieldMax ETFs referenced above, except the Short ETFs)

    YMAX, YMAG, FEAT and FIVY generally invest in other YieldMax™ ETFs. As such, these two Funds are subject to the risks listed in this section, which apply to all the YieldMax™ ETFs they may hold from time to time.

    Investing involves risk. Principal loss is possible.

    Referenced Index Risk. The Fund invests in options contracts that are based on the value of the Index (or the Index ETFs). This subjects the Fund to certain of the same risks as if it owned shares of companies that comprised the Index or an ETF that tracks the Index, even though it does not.

    Indirect Investment Risk. The Index is not affiliated with the Trust, the Fund, the Adviser, or their respective affiliates and is not involved with this offering in any way. Investors in the Fund will not have the right to receive dividends or other distributions or any other rights with respect to the companies that comprise the Index but will be subject to declines in the performance of the Index.

    Russell 2000 Index Risks. The Index, which consists of small-cap U.S. companies, is particularly susceptible to economic changes, as these firms often have less financial resilience than larger companies. Market volatility can disproportionately affect these smaller businesses, leading to significant price swings. Additionally, these companies are often more exposed to specific industry risks and have less diverse revenue streams. They can also be more vulnerable to changes in domestic regulatory or policy environments.

    Call Writing Strategy Risk. The path dependency (i.e., the continued use) of the Fund’s call writing strategy will impact the extent that the Fund participates in the positive price returns of the underlying reference asset and, in turn, the Fund’s returns, both during the term of the sold call options and over longer periods.

    Counterparty Risk. The Fund is subject to counterparty risk by virtue of its investments in options contracts. Transactions in some types of derivatives, including options, are required to be centrally cleared (“cleared derivatives”). In a transaction involving cleared derivatives, the Fund’s counterparty is a clearing house rather than a bank or broker. Since the Fund is not a member of clearing houses and only members of a clearing house (“clearing members”) can participate directly in the clearing house, the Fund will hold cleared derivatives through accounts at clearing members.

    Derivatives Risk. Derivatives are financial instruments that derive value from the underlying reference asset or assets, such as stocks, bonds, or funds (including ETFs), interest rates or indexes. The Fund’s investments in derivatives may pose risks in addition to, and greater than, those associated with directly investing in securities or other ordinary investments, including risk related to the market, imperfect correlation with underlying investments or the Fund’s other portfolio holdings, higher price volatility, lack of availability, counterparty risk, liquidity, valuation and legal restrictions.

    Options Contracts. The use of options contracts involves investment strategies and risks different from those associated with ordinary portfolio securities transactions. The prices of options are volatile and are influenced by, among other things, actual and anticipated changes in the value of the underlying instrument, including the anticipated volatility, which are affected by fiscal and monetary policies and by national and international political, changes in the actual or implied volatility or the reference asset, the time remaining until the expiration of the option contract and economic events.

    Distribution Risk. As part of the Fund’s investment objective, the Fund seeks to provide current income. There is no assurance that the Fund will make a distribution in any given period. If the Fund does make distributions, the amounts of such distributions will likely vary greatly from one distribution to the next.

    High Portfolio Turnover Risk. The Fund may actively and frequently trade all or a significant portion of the Fund’s holdings. A high portfolio turnover rate increases transaction costs, which may increase the Fund’s expenses.

    Liquidity Risk. Some securities held by the Fund, including options contracts, may be difficult to sell or be illiquid, particularly during times of market turmoil.

    Non-Diversification Risk. Because the Fund is “non-diversified,” it may invest a greater percentage of its assets in the securities of a single issuer or a smaller number of issuers than if it was a diversified fund.

    New Fund Risk. The Fund is a recently organized management investment company with no operating history. As a result, prospective investors do not have a track record or history on which to base their investment decisions.

    Price Participation Risk. The Fund employs an investment strategy that includes the sale of call option contracts, which limits the degree to which the Fund will participate in increases in value experienced by the underlying reference asset over the Call Period.

    Single Issuer Risk. Issuer-specific attributes may cause an investment in the Fund to be more volatile than a traditional pooled investment which diversifies risk or the market generally. The value of the Fund, which focuses on an individual security (ARKK, TSLA, AAPL, NVDA, AMZN, META, GOOGL, NFLX, COIN, MSFT, DIS, XOM, JPM, AMD, PYPL, SQ, MRNA, AI, MSTR, Bitcoin ETP, GDX®, SNOW, ABNB, BABA, TSM, SMCI, PLTR, MARA, CVNA), may be more volatile than a traditional pooled investment or the market as a whole and may perform differently from the value of a traditional pooled investment or the market as a whole.

    Inflation Risk. Inflation risk is the risk that the value of assets or income from investments will be less in the future as inflation decreases the value of money. As inflation increases, the present value of the Fund’s assets and distributions, if any, may decline.

    Indirect Investment Risk. The Index is not affiliated with the Trust, the Fund, the Adviser, or their respective affiliates and is not involved with this offering in any way.

    Risk Disclosures (applicable only to GPTY)

    Artificial Intelligence Risk. Issuers engaged in artificial intelligence typically have high research and capital expenditures and, as a result, their profitability can vary widely, if they are profitable at all. The space in which they are engaged is highly competitive and issuers’ products and services may become obsolete very quickly. These companies are heavily dependent on intellectual property rights and may be adversely affected by loss or impairment of those rights. The issuers are also subject to legal, regulatory, and political changes that may have a large impact on their profitability. A failure in an issuer’s product or even questions about the safety of the product could be devastating to the issuer, especially if it is the marquee product of the issuer. It can be difficult to accurately capture what qualifies as an artificial intelligence company.

    Technology Sector Risk. The Fund will invest substantially in companies in the information technology sector, and therefore the performance of the Fund could be negatively impacted by events affecting this sector. Market or economic factors impacting technology companies and companies that rely heavily on technological advances could have a significant effect on the value of the Fund’s investments. The value of stocks of information technology companies and companies that rely heavily on technology is particularly vulnerable to rapid changes in technology product cycles, rapid product obsolescence, government regulation and competition, both domestically and internationally, including competition from foreign competitors with lower production costs. Stocks of information technology companies and companies that rely heavily on technology, especially those of smaller, less-seasoned companies, tend to be more volatile than the overall market. Information technology companies are heavily dependent on patent and intellectual property rights, the loss or impairment of which may adversely affect profitability.

    Risk Disclosure (applicable only to MARO)

    Digital Assets Risk: The Fund does not invest directly in Bitcoin or any other digital assets. The Fund does not invest directly in derivatives that track the performance of Bitcoin or any other digital assets. The Fund does not invest in or seek direct exposure to the current “spot” or cash price of Bitcoin. Investors seeking direct exposure to the price of Bitcoin should consider an investment other than the Fund. Digital assets like Bitcoin, designed as mediums of exchange, are still an emerging asset class. They operate independently of any central authority or government backing and are subject to regulatory changes and extreme price volatility.

    Risk Disclosures (applicable only to BABO and TSMY)

    Currency Risk: Indirect exposure to foreign currencies subjects the Fund to the risk that currencies will decline in value relative to the U.S. dollar. Currency rates in foreign countries may fluctuate significantly over short periods of time for a number of reasons, including changes in interest rates and the imposition of currency controls or other political developments in the U.S. or abroad.

    Depositary Receipts Risk: The securities underlying BABO and TSMY are American Depositary Receipts (“ADRs”). Investment in ADRs may be less liquid than the underlying shares in their primary trading market.

    Foreign Market and Trading Risk: The trading markets for many foreign securities are not as active as U.S. markets and may have less governmental regulation and oversight.

    Foreign Securities Risk: Investments in securities of non-U.S. issuers involve certain risks that may not be present with investments in securities of U.S. issuers, such as risk of loss due to foreign currency fluctuations or to political or economic instability, as well as varying regulatory requirements applicable to investments in non-U.S. issuers. There may be less information publicly available about a non-U.S. issuer than a U.S. issuer. Non-U.S. issuers may also be subject to different regulatory, accounting, auditing, financial reporting, and investor protection standards than U.S. issuers.

    Risk Disclosures (applicable only to GDXY)

    Risk of Investing in Foreign Securities. The Fund is exposed indirectly to the securities of foreign issuers selected by GDX®’s investment adviser, which subjects the Fund to the risks associated with such companies. Investments in the securities of foreign issuers involve risks beyond those associated with investments in U.S. securities.

    Risk of Investing in Gold and Silver Mining Companies. The Fund is exposed indirectly to gold and silver mining companies selected by GDX®’s investment adviser, which subjects the Fund to the risks associated with such companies.

    The Fund invests in options contracts based on the value of the VanEck Gold Miners ETF (GDX®), which subjects the Fund to some of the same risks as if it owned GDX®, as well as the risks associated with Canadian, Australian and Emerging Market Issuers, and Small-and Medium-Capitalization companies.

    Risk Disclosures (applicable only to YBIT)

    YBIT does not invest directly in Bitcoin or any other digital assets. YBIT does not invest directly in derivatives that track the performance of Bitcoin or any other digital assets. YBIT does not invest in or seek direct exposure to the current “spot” or cash price of Bitcoin. Investors seeking direct exposure to the price of Bitcoin should consider an investment other than YBIT.

    Bitcoin Investment Risk: The Fund’s indirect investment in Bitcoin, through holdings in one or more Underlying ETPs, exposes it to the unique risks of this emerging innovation. Bitcoin’s price is highly volatile, and its market is influenced by the changing Bitcoin network, fluctuating acceptance levels, and unpredictable usage trends.

    Digital Assets Risk: Digital assets like Bitcoin, designed as mediums of exchange, are still an emerging asset class. They operate independently of any central authority or government backing and are subject to regulatory changes and extreme price volatility. Potentially No 1940 Act Protections. As of the date of this Prospectus, there is only a single eligible Underlying ETP, and it is an investment company subject to the 1940 Act.

    Bitcoin ETP Risk: The Fund invests in options contracts that are based on the value of the Bitcoin ETP. This subjects the Fund to certain of the same risks as if it owned shares of the Bitcoin ETP, even though it does not. Bitcoin ETPs are subject, but not limited, to significant risk and heightened volatility. An investor in a Bitcoin ETP may lose their entire investment. Bitcoin ETPs are not suitable for all investors. In addition, not all Bitcoin ETPs are registered under the Investment Company Act of 1940. Those Bitcoin ETPs that are not registered under such statute are therefore not subject to the same regulations as exchange traded products that are so registered.

    Risk Disclosures (applicable only to the Short ETFs)

    Investing involves risk. Principal loss is possible.

    Price Appreciation Risk. As part of the Fund’s synthetic covered put strategy, the Fund purchases and sells call and put option contracts that are based on the value of the underlying reference asset. This strategy subjects the Fund to certain of the same risks as if it shorted the underlying reference asset, even though it does not. By virtue of the Fund’s indirect inverse exposure to changes in the value of the underlying reference asset, the Fund is subject to the risk that the value of the underlying reference asset increases. If the value of the underlying reference asset increases, the Fund will likely lose value and, as a result, the Fund may suffer significant losses.

    Put Writing Strategy Risk. The path dependency (i.e., the continued use) of the Fund’s put writing (selling) strategy will impact the extent that the Fund participates in decreases in the value of the underlying reference asset and, in turn, the Fund’s returns, both during the term of the sold put options and over longer periods.

    Purchased OTM Call Options Risk. The Fund’s strategy is subject to potential losses if the underlying reference asset increases in value, which may not be offset by the purchase of out-of-the-money (OTM) call options. The Fund purchases OTM calls to seek to manage (cap) the Fund’s potential losses from the Fund’s short exposure to the underlying reference asset if it appreciates significantly in value. However, the OTM call options will cap the Fund’s losses only to the extent that the value of the underlying reference asset increases to a level that is at or above the strike level of the purchased OTM call options. Any increase in the value of the underlying reference asset to a level that is below the strike level of the purchased OTM call options will result in a corresponding loss for the Fund. For example, if the OTM call options have a strike level that is approximately 100% above the then-current value of the underlying reference asset at the time of the call option purchase, and the value of the underlying reference asset increases by at least 100% during the term of the purchased OTM call options, the Fund will lose all its value. Since the Fund bears the costs of purchasing the OTM calls, such costs will decrease the Fund’s value and/or any income otherwise generated by the Fund’s investment strategy.

    Counterparty Risk. The Fund is subject to counterparty risk by virtue of its investments in options contracts. Transactions in some types of derivatives, including options, are required to be centrally cleared (“cleared derivatives”). In a transaction involving cleared derivatives, the Fund’s counterparty is a clearing house rather than a bank or broker. Since the Fund is not a member of clearing houses and only members of a clearing house (“clearing members”) can participate directly in the clearing house, the Fund will hold cleared derivatives through accounts at clearing members.

    Derivatives Risk. Derivatives are financial instruments that derive value from the underlying reference asset or assets, such as stocks, bonds, or funds (including ETFs), interest rates or indexes. The Fund’s investments in derivatives may pose risks in addition to, and greater than, those associated with directly investing in securities or other ordinary investments, including risk related to the market, imperfect correlation with underlying investments or the Fund’s other portfolio holdings, higher price volatility, lack of availability, counterparty risk, liquidity, valuation and legal restrictions.

    Options Contracts. The use of options contracts involves investment strategies and risks different from those associated with ordinary portfolio securities transactions. The prices of options are volatile and are influenced by, among other things, actual and anticipated changes in the value of the underlying reference asset, including the anticipated volatility, which are affected by fiscal and monetary policies and by national and international political, changes in the actual or implied volatility or the reference asset, the time remaining until the expiration of the option contract and economic events.

    Distribution Risk. As part of the Fund’s investment objective, the Fund seeks to provide current income. There is no assurance that the Fund will make a distribution in any given period. If the Fund does make distributions, the amounts of such distributions will likely vary greatly from one distribution to the next.

    High Portfolio Turnover Risk. The Fund may actively and frequently trade all or a significant portion of the Fund’s holdings.

    Liquidity Risk. Some securities held by the Fund, including options contracts, may be difficult to sell or be illiquid, particularly during times of market turmoil.

    Non-Diversification Risk. Because the Fund is “non-diversified,” it may invest a greater percentage of its assets in the securities of a single issuer or a smaller number of issuers than if it was a diversified fund.

    New Fund Risk. The Fund is a recently organized management investment company with no operating history. As a result, prospective investors do not have a track record or history on which to base their investment decisions.

    Price Participation Risk. The Fund employs an investment strategy that includes the sale of put option contracts, which limits the degree to which the Fund will participate in decreases in value experienced by the underlying reference asset over the Put Period.

    Single Issuer Risk. Issuer-specific attributes may cause an investment in the Fund to be more volatile than a traditional pooled investment which diversifies risk or the market generally. The value of the Fund, for any Fund that focuses on an individual security (e.g., TSLA, COIN, NVDA, MSTR), may be more volatile than a traditional pooled investment or the market as a whole and may perform differently from the value of a traditional pooled investment or the market as a whole.

    Inflation Risk. Inflation risk is the risk that the value of assets or income from investments will be less in the future as inflation decreases the value of money. As inflation increases, the present value of the Fund’s assets and distributions, if any, may decline.

    Risk Disclosures (applicable only to YQQQ)

    Index Overview. The Nasdaq 100 Index is a benchmark index that includes 100 of the largest non-financial companies listed on the Nasdaq Stock Market, based on market capitalization.

    Index Level Appreciation Risk. As part of the Fund’s synthetic covered put strategy, the Fund purchases and sells call and put option contracts that are based on the Index level. This strategy subjects the Fund to certain of the same risks as if it shorted the Index, even though it does not. By virtue of the Fund’s indirect inverse exposure to changes in the Index level, the Fund is subject to the risk that the Index level increases. If the Index level increases, the Fund will likely lose value and, as a result, the Fund may suffer significant losses. The Fund may also be subject to the following risks: innovation and technological advancement; strong market presence of Index constituent companies; adaptability to global market trends; and resilience and recovery potential.

    Index Level Participation Risk. The Fund employs an investment strategy that includes the sale of put option contracts, which limits the degree to which the Fund will benefit from decreases in the Index level experienced over the Put Period. This means that if the Index level experiences a decrease in value below the strike level of the sold put options during a Put Period, the Fund will likely not experience that increase to the same extent and any Fund gains may significantly differ from the level of the Index losses over the Put Period. Additionally, because the Fund is limited in the degree to which it will participate in decreases in value experienced by the Index level over each Put Period, but has significant negative exposure to any increases in value experienced by the Index level over the Put Period, the NAV of the Fund may decrease over any given period. The Fund’s NAV is dependent on the value of each options portfolio, which is based principally upon the inverse of the performance of the Index level. The Fund’s ability to benefit from the Index level decreases will depend on prevailing market conditions, especially market volatility, at the time the Fund enters into the sold put option contracts and will vary from Put Period to Put Period. The value of the options contracts is affected by changes in the value and dividend rates of component companies that comprise the Index, changes in interest rates, changes in the actual or perceived volatility of the Index and the remaining time to the options’ expiration, as well as trading conditions in the options market. As the Index level changes and time moves towards the expiration of each Put Period, the value of the options contracts, and therefore the Fund’s NAV, will change. However, it is not expected for the Fund’s NAV to directly inversely correlate on a day-to-day basis with the returns of the Index level. The amount of time remaining until the options contract’s expiration date affects the impact that the value of the options contracts has on the Fund’s NAV, which may not be in full effect until the expiration date of the Fund’s options contracts. Therefore, while changes in the Index level will result in changes to the Fund’s NAV, the Fund generally anticipates that the rate of change in the Fund’s NAV will be different than the inverse of the changes experienced by the Index level.

    YieldMax™ ETFs are distributed by Foreside Fund Services, LLC. Foreside is not affiliated with Tidal Financial Group, or YieldMax™ ETFs.

    © 2025 YieldMax™ ETFs

    The MIL Network –

  • MIL-OSI: RYVYL EU Payments-as-a-Service Contracts Rapidly Onboarding New Accounts

    Source: GlobeNewswire (MIL-OSI)

    – Onboarded over 10,000 accounts; averaging 1,000 new accounts per day with first digital banking partner –

    – Second digital bank has completed API integrations and expects to begin onboarding mid-April –

    SAN DIEGO, CA, April 02, 2025 (GLOBE NEWSWIRE) — RYVYL Inc. (NASDAQ: RVYL) (“RYVYL” or the “Company”), a leading innovator of payment transaction solutions leveraging electronic payment technology for the diverse international markets, is rapidly onboarding new accounts with its two recently announced digital banking partners at RYVYL EU – Mar. 20, 2025 – RYVYL Secures Major Payments-as-a-Service Contracts.

    Under the first contract, a fast-growing financial services provider is leveraging RYVYL EU’s infrastructure to issue digital and physical payment accounts. So far:

    • Over 10,000 accounts have been successfully opened;
    • Onboarding is currently averaging 1,000 new accounts per day; and
    • More than €10 million in transaction volume has been processed.

    This contract is on track to exceed 50,000+ active accounts in 2025.

    The second contract, with a fully digital banking platform, has completed API integrations ahead of plan and is scheduled to onboard 900,000 new customer accounts within the next 12 months.

    Rui Helder, Chief Business Development Officer, RYVYL EU, said: “Our PaaS platform and support team offer partners exceptional value and means to leverage their customer base as well as accelerate growth. We are providing seamless onboarding, compliance expertise, and the operational scale required to power modern digital Payment ecosystems. Now, we are exceeding our initial onboarding goals for our two new PaaS contracts and are rapidly scaling our footprint with new accounts throughout Europe. I’m proud of our team’s strong execution in the initial onboarding of these key digital banking partners and confident we will reach our goal of opening nearly 1 million new customer accounts within the next 12 months.”

    The foregoing guidance is based on the Company’s continuation of the business, as currently conducted. On January 24, 2025, the Company entered into an agreement with a financing source that was structured as a pre-funded asset sale with a 90-day closing period, which ends on April 23, 2025 and may be extended an additional 30 days to May 23, 2025, if the Company pays $500,000 for such extension. Shares in the Company’s RYVYL EU subsidiary were placed in escrow during the closing period. Although there are no guarantees, the Company intends to terminate the asset sale within the closing period by paying $16.5 million in consideration of such termination. The Company’s financial guidance for 2025 is based on fully retaining its RYVYL EU subsidiary.

    About RYVYL

    RYVYL Inc. (NASDAQ: RVYL) was born from a passion for empowering a new way to conduct business-to-business, consumer-to-business, and peer-to-peer payment transactions around the globe. By leveraging electronic payment technology for diverse international markets, RYVYL is a leading innovator of payment transaction solutions reinventing the future of financial transactions. Since its founding as GreenBox POS in 2017 in San Diego, RYVYL has developed applications enabling an end-to-end suite of turnkey financial products with enhanced security and data privacy, world-class identity theft protection, and rapid speed to settlement. As a result, the platform can log immense volumes of immutable transactional records at the speed of the internet for first-tier partners, merchants, and consumers around the globe. www.ryvyl.com

    Cautionary Note Regarding Forward-Looking Statements

    This press release includes information that constitutes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are based on the Company’s current beliefs, assumptions, and expectations regarding future events, which in turn are based on information currently available to the Company. Such forward-looking statements include statements regarding the anticipated number of account activations and new customers onboarded, anticipated revenues and margins, timely payment of the second tranche, the benefit to stockholders from the repayment of the Note and repurchase of the Preferred Stock, and the timing and expectation of revenues from the contracts described herein and are charactered by future or conditional words such as “may,” “will,” “expect,” “intend,” “anticipate,” “believe,” “estimate” and “continue” or similar words. You should read statements that contain these words carefully because they discuss future expectations and plans, which contain projections of future results of operations or financial condition or state other forward-looking information. By their nature, forward-looking statements address matters that are subject to risks and uncertainties. A variety of factors could cause actual events and results to differ materially from those expressed in or contemplated by the forward-looking statements, including the risk that the licensee understands and complies with various banking laws and regulations that may impact the licensee’s ability to process transactions. For example, federal money laundering statutes and Bank Secrecy Act regulations discourage financial institutions from working with operators of certain industries – particularly industries with heightened cash reporting obligations and restrictions – as a result of which, banks may refuse to process certain payments and/or require onerous reporting obligations by payment processors to avoid compliance risk. These statements are also subject to any damages the Company could suffer as the result of previously announced litigation or actions of any governmental agencies. These and other risk factors affecting the Company are discussed in detail in the Company’s periodic filings with the SEC. The Company undertakes no obligation to publicly update or revise any forward-looking statement, whether because of the latest information, future events or otherwise, except to the extent required by applicable laws.

    IR Contact:
    David Barnard, Alliance Advisors Investor Relations, 415-433-3777, ryvylinvestor@allianceadvisors.com

    The MIL Network –

  • MIL-OSI: Plantro Ltd. Announces Premium All-Cash Tender Offer to Acquire up to 15% of Class A Limited Voting Shares of Information Services Corporation

    Source: GlobeNewswire (MIL-OSI)

    • Premium tender offer of $27.25 per Class A Share in cash for up to 2,777,342 Class A Shares, representing an attractive premium of approximately 9% to the trailing 10-day VWAP, for a total value of approximately $75.7 million.
    • Plantro’s Tender Offer provides shareholders with an opportunity to receive cash consideration in a stock that has been highly illiquid for many years.
    • Plantro is optimistic that the Board will recommend in favour of this opportunity for shareholders to receive liquidity for their stock at a premium to the market price and avoid entrenching behaviours that deprive shareholders of value.

    ST. MICHAEL, Barbados, April 02, 2025 (GLOBE NEWSWIRE) — Plantro Ltd. (“Plantro”), today announced an offer to acquire up to 2,777,342 Class A Limited Voting Shares (the “Class A Shares”) in the capital of Information Services Corporation (TSX: ISC) (“ISC” or the “Company”), (the “Tender Offer”) at a price of $27.25 per Class A Share, payable in cash (the “Tender Price”). The Tender Price represents an attractive premium of approximately 10% to the closing price of the Class A Shares on March 31, 2025, and an approximately 9% premium to the volume-weighted average price (“VWAP”) of the Class A Shares for the ten trading days preceding the announcement of the Tender Offer. The total value of the Tender Offer, if fully taken up, is approximately $75.7 million. The Tender Offer is not a “take-over bid” under Canadian securities laws.

    Shareholders who have questions with respect to the Tender Offer should contact Carson Proxy, information agent for the Tender Offer, at 1-800-530-5189 (North America Toll Free), 416-751-2066 (Local and Text), or by email at info@carsonproxy.com. Tender Offer materials will be available on the Company’s SEDAR+ profile at www.sedarplus.ca.

    The Plantro Tender Offer

    The Tender Offer is open for acceptance by shareholders of the Company until 5:00 p.m. (Eastern Time) on April 11, 2025 (the “Expiry Time”), unless the Tender Offer is extended, varied or withdrawn. Plantro is making the Tender Offer to all shareholders of the Company (other than Class A Shares held by the Crown Investment Corporation of Saskatchewan or any other entity wholly-owned by the Province of Saskatchewan). If the Tender Offer is withdrawn, Plantro shall cause all Class A Shares delivered pursuant to the Tender Offer to be returned to shareholders. The Tender Offer is not subject to any financing condition and Plantro confirms that it has sufficient cash resources to pay for all Class A Shares subject to the Tender Offer.

    If more than the maximum number of Class A Shares for which the Tender Offer is made are delivered in accordance with the Tender Offer and not withdrawn at the time of take up of the Class A Shares, the Class A Shares to be purchased from each depositing shareholder will be determined on a pro rata basis according to the number of Class A Shares delivered by each shareholder, disregarding fractions, by rounding down to the nearest whole number of Class A Shares.

    The complete terms and conditions of the Tender Offer will be set out in an offer letter to shareholders, which will be publicly disclosed by way of a separate press release, as well as a form of letter of transmittal (the “Letter of Transmittal” and together with the offer letter to shareholders, the “Offer Documents”) to be used to accept the Tender Offer. The Tender Offer is subject to certain conditions as set out in the Offer Documents which, unless waived, must be satisfied. In particular, the Offer Documents provide that each depositing shareholder whose Class A Shares are taken up and paid for will appoint representatives of Plantro as its nominees and proxy for the Company’s annual meeting of shareholders to be held on May 13, 2025.

    Plantro is relying on the exemption under section 9.2(4) of National Instrument 51-102 – Continuous Disclosure Obligations to the circular requirements of applicable Canadian proxy solicitation laws. For further details, please see below under the heading “Information in Support of Public Broadcast Exemption Under Canadian Law”. The Tender Offer is not a formal or exempt take-over bid under Canadian securities laws and regulations. In no event will Plantro (or its affiliates or associates) make any such purchases of Class A Shares that would result in Plantro, together with its affiliates and associates, beneficially owning or exercising control or direction over more than 15% of the outstanding Class A Shares upon completion of the Tender Offer.

    Full details of the Tender Offer are included in the Offer Documents and will be available online on the Company’s SEDAR+ profile at www.sedarplus.ca.

    Reasons to Accept Plantro’s Tender Offer:

    (a)   All-Cash Premium. Shareholders will receive liquidity at an attractive premium to the current trading price of the Class A Shares (a premium of approximately 10% to the closing price of the Class A Shares on March 31, 2025, and approximately a 9% premium to the VWAP of the Class A Shares on the TSX for the ten (10) trading days preceding the announcement of the Tender Offer).
         
    (b)   Limited Liquidity. Plantro believes that another liquidity event for shareholders is unlikely. There is persistent and extreme lack of trading volume and liquidity in the Class A Shares and the Tender Offer represents a unique opportunity for shareholders to receive liquidity at an attractive premium to the current trading price of the Class A Shares, in cash.


    Background to the Tender Offer:

    Plantro is making the Tender Offer to all shareholders of the Company (other than Class A Shares held by the Crown Investment Corporation of Saskatchewan or any other entity wholly-owned by the Province of Saskatchewan) following a recent unsuccessful attempt to open discussions with the board of directors (the “Board”) and management of the Company, on issues that included Board refreshment and a potential strategic investment.

    Plantro also considered acquiring Class A Shares in the market, but the extreme and persistent lack of liquidity in the stock, made this impossible. For example, on Friday, March 28, 2025, only 251 Class A shares traded on the TSX. This represents a meager $6,144 of value traded versus a market capitalization of almost $0.5 billion.

    Plantro is drawn to ISC because it believes that ISC enjoys a durable competitive moat around its core offerings, which drive healthy cash flow and a strong balance sheet. Plantro remains hopeful that the Board will engage constructively with Plantro, and recommend in favour of the Tender Offer.

    Plantro’s Advisors

    Plantro has engaged Goodmans LLP as its legal advisor, Carson Proxy as its information agent, Odyssey Trust Company as depositary, and Gagnier Communications as its strategic communications advisor.

    About Plantro

    Plantro is a privately-held company, with an established track record of making successful investments in undervalued and high quality legal, financial, and information services businesses.

    Shareholder Questions

    Shareholders who have questions with respect to the Tender Offer, or who need assistance in depositing their Class A Shares, please contact the depositary and information agent for the Tender Offer:

    Depositary: Odyssey Trust Company

    Toll Free (US & Canada): 1-888-290-1175
    Calls (All Regions): 587-885-0960
    Email: corp.actions@odysseytrust.com

    Information Agent: Carson Proxy

    North America Toll Free: 1-800-530-5189
    Local and Text: 416-751-2066
    Email: info@carsonproxy.com

    Information in Support of Public Broadcast Exemption Under Canadian Law

    Plantro is relying on the exemption under section 9.2(4) of National Instrument 51-102 – Continuous Disclosure Obligations to make this public broadcast solicitation. The following information is provided in accordance with corporate and securities laws applicable to public broadcast solicitations.

    This solicitation is being made by Plantro, and not by or on behalf of management of ISC. The information agent will receive a fee of up to $250,000 for its services as information agent under the Tender Offer, plus ancillary payments and disbursements. Based upon publicly available information, ISC’s registered and head office is located at 300 – 10 Research Drive, Regina, Saskatchewan, S4S 7J7, Canada. Plantro is soliciting proxies in reliance upon the public broadcast exemption to the solicitation requirements under applicable Canadian corporate and securities laws, conveyed by way of public broadcast, including press release, speech or publication, and by any other manner permitted under applicable Canadian securities laws. In addition, this solicitation may be made by mail, telephone, facsimile, email or other electronic means as well as by newspaper or other media advertising and in person by representatives of Plantro. All costs incurred for such solicitation will be borne by Plantro.

    A registered shareholder who has given a proxy under the terms of the Letter of Transmittal may, prior to its Class A Shares being taken up and paid for under the Tender Offer, revoke the proxy by instrument in writing, including a proxy bearing a later date. The instrument revoking the proxy must be deposited at the registered office of ISC at least 48 hours, exclusive of Saturdays, Sundays, and holidays, preceding the date of the meeting or an adjournment or postponement thereof, or with the Chair of the meeting on the day of the meeting, or in any other manner permitted by law, provided that, in each circumstance, a copy of such revocation has been delivered to the depositary, at its principal office in Toronto, Ontario, Canada prior to the Class A Shares relating to such proxy having been taken up and paid for under the Tender Offer.

    A non-registered shareholder may revoke a form of proxy or voting instruction form given to an intermediary at any time by written notice to the intermediary in accordance with the instructions given to the non-registered shareholder by its intermediary. Non-registered shareholders should contact their broker for assistance in ensuring that forms of proxies or voting instructions previously given to an intermediary are properly revoked.

    None of Plantro nor, to its knowledge, any of its associates or affiliates, has any material interest, direct or indirect, in any transaction since the commencement of ISC’s most recently completed financial year, or in any proposed transaction which has materially affected or will materially affect ISC or any of its subsidiaries. None of Plantro nor, to its knowledge, any of its associates or affiliates, has any material interest, direct or indirect, by way of beneficial ownership of securities or otherwise, in any matter to be acted upon at any upcoming shareholders’ meeting, other than as set out herein.

    Cautionary Statement Regarding Forward-Looking Information

    This press release may contain forward-looking information and forward-looking statements within the meaning of applicable securities laws. Specifically, certain statements contained in this press release, including without limitation statements regarding the Tender Offer, taking up and paying for Class A Shares deposited under the Tender Offer, Plantro’s assessment of the consequences of what it believes to be governance failings at ISC, as well as Plantro’s assessment of ISC’s future prospects, contain “forward-looking information” and are prospective in nature. In some cases, but not necessarily in all cases, forward-looking statements can be identified by the use of forward looking terminology such as “plans”, “targets”, “expects” or “does not expect”, “is expected”, “an opportunity exists”, “is positioned”, “estimates”, “intends”, “assumes”, “anticipates” or “does not anticipate” or “believes”, or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might”, “will” or “will be taken”, “occur” or “be achieved”. In addition, any statements that refer to expectations, projections or other characterizations of future events or circumstances contain forward-looking statements.

    Statements containing forward-looking information are not based on historical facts, but rather on current expectations and projections about future events and are therefore subject to risks and uncertainties that could cause actual results to differ materially from the future outcomes expressed or implied by the statements containing forward-looking information.

    Although Plantro believes that the expectations reflected in statements containing forward-looking information herein made by it (and not, for greater certainty, any forward-looking statements attributable to the Company) are reasonable, such statements involve risks and uncertainties, and undue reliance should not be placed on such statements. Material factors or assumptions that were applied in formulating the forward-looking information contained herein include the assumption that the business and economic conditions affecting the Company’s operations will continue substantially in the current state, including, without limitation, with respect to industry conditions, general levels of economic activity, continuity and availability of personnel, local and international laws and regulations, foreign currency exchange rates and interest rates, inflation, taxes, that there will be no unplanned material changes to the Company’s operations, and that the Company’s public disclosure record is accurate in all material respects and is not misleading (including by omission).

    Plantro cautions that the foregoing list of material factors and assumptions is not exhaustive. While these factors and assumptions are considered by Plantro to be appropriate and reasonable in the circumstances as of the date of this press release, they are subject to known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, levels of activity, performance, or achievements to be materially different from those expressed or implied by such forward-looking information. Many of these assumptions are based on factors and events that are not within the control of Plantro and there is no assurance that they will prove correct.

    Important facts that could cause outcomes to differ materially from those expressed or implied by such forward-looking information include, among other things, actions taken by the Company in respect of the Tender Offer, the content of subsequent public disclosures by the Company, the failure to satisfy the conditions to the Tender Offer, general economic conditions, legislative or regulatory changes and changes in capital or securities markets. If any of these risks or uncertainties materialize, or if the opinions, estimates or assumptions underlying the forward-looking information prove incorrect, actual results or future events might vary materially from those anticipated in the forward-looking information. Although Plantro has attempted to identify important risk factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other risk factors not presently known to Plantro or that Plantro presently believes are not material that could also cause actual results or future events to differ materially from those expressed in such forward-looking information.

    Statements containing forward-looking information in this press release are based on Plantro’s beliefs and opinions at the time the statements are made, and there should be no expectation that such forward-looking information will be updated or supplemented as a result of new information, estimates or opinions, future events or results or otherwise, and Plantro disclaims any obligation to do so, except as required by applicable law. All of the forward-looking information contained in this press release is expressly qualified by the foregoing cautionary statements.

    1380-9916-3157

    The MIL Network –

  • MIL-OSI: Bitfarms Enters into Initial Agreement for Private Debt Facility with a division of Macquarie Group for up to $300 Million to Fund Initial HPC Project Development at Panther Creek

    Source: GlobeNewswire (MIL-OSI)

    • Initial draw at close of $50 million, with up to a total of $300 million available upon entry into definitive project loan documentation
    • Early-stage investment from a division of Macquarie Group, one of the world’s largest infrastructure investors, further validates the attractiveness of Bitfarms’ potential HPC data center development pipeline, especially its near-term project at Panther Creek
    • A $300 million facility is expected to provide the necessary capital for Bitfarms to fund the initial portion of the Panther Creek data center development and buildout in a non-dilutive manner

    This news release constitutes a “designated news release” for the purposes of the Company’s amended and restated prospectus supplement dated December 17, 2024, to its short form base shelf prospectus dated November 10, 2023.

    TORONTO, Ontario and BROSSARD, Québec, April 02, 2025 (GLOBE NEWSWIRE) — Bitfarms Ltd. (Nasdaq/TSX: BITF), a global energy and compute infrastructure company (“Bitfarms” or the “Company”), announced today that the Company has entered into an initial agreement for a private debt facility for up to $300 million from Macquarie Equipment Capital, Inc., a division of Macquarie Group’s Commodities and Global Markets’ business (“Macquarie”). The initial tranche of the facility is $50 million at the parent level and proceeds will be used for project development soft costs and other general corporate purposes. The second tranche of the facility may be up to $250 million and is drawable as the Company achieves specific development milestones at its Panther Creek location, at which time the entirety of the loan becomes secured at the project level only, resulting in a total project debt facility of $300 million and termination of the initial loan. The maturity of each facility is two years from the date of closing and each facility bears an interest at a rate of 8% per annum, with interest on the initial draw of $50 million paid in kind for the first three months. Draws under the second tranche of the facility are subject to the entry into definitive documentation, mutually agreed between the Company and Macquarie, on terms appended to the initial agreement, in addition to certain other conditions.

    CEO Ben Gagnon stated, “We are thrilled to partner with Macquarie, a global leader in infrastructure investment with deep expertise and relationships across the HPC-related infrastructure value chain. This partnership marks the beginning of our investment in the near-term development of our Panther Creek data center, strategically located in Pennsylvania’s PJM region within close proximity to Philadelphia and NYC metropolitan areas. Panther Creek alone has a potential capacity of nearly 500 MW, supported by multiple power sources. Having multiple energy sources enhances reliability and redundancy while reducing anticipated CapEx and OpEx for HPC, making these sites particularly attractive to potential HPC customers. We are confident that this partnership will not only accelerate our buildout at Panther Creek, but also open doors to future opportunities with Macquarie as we look to scale our project and potentially expand to other sites within our portfolio.

    “Amidst the surging AI revolution and the growing demand for power and infrastructure, this financing arrives at a pivotal time following the close of our transformational acquisition of Stronghold Digital Mining and the recent appointments of both James Bond, SVP of HPC, and Craig Hibbard, SVP of Infrastructure. We believe the analyses provided by our strategic partners, ASG and WWT, along with Macquarie’s due diligence and industry expertise, validate our HPC opportunity thesis at Panther Creek, strengthen our HPC pipeline and strategy, and position Bitfarms as a market leader in sourcing and developing large-scale, high-quality HPC data center projects.”

    Joshua Stevens, Associate Director, Macquarie Group’s Commodities and Global Markets business, said, “We are proud to partner with Bitfarms and look forward to supporting the continued development of its innovative Panther Creek project, as well as future infrastructure that will be essential to the advancement of AI. Panther Creek is well located, within 100 miles of New York City and Philadelphia, and we expect it will be sought after by HPC tenants once construction of the project is underway.”

    CFO Jeff Lucas stated, “Our highly valued North American assets, strong cash flow from mining operations, and the potential for higher-margin, stable, and predictable earnings characteristic of an HPC business model have enabled us to secure this attractive debt financing from a respected infrastructure partner. With an interest rate of 8%, we believe we can fund our energy and HPC infrastructure development at a significantly lower cost of capital and with much less dilution than equity funding, creating long-term shareholder value. The net proceeds from the initial $50 million will accelerate the launch of our HPC project at Panther Creek and finance the soft costs as we move forward with the HPC development. Importantly, this valuable partnership with Macquarie provides the necessary capital and expertise in datacenter development to accelerate our next chapter of growth.”

    Key Financing Terms

    • The $300 million project loan is intended to fund the development of the data center project at Panther Creek.
    • The $50 million initial tranche of the facility, which is earmarked for project development soft costs and other general corporate purposes, is at the parent level and is secured by a first priority lien on all assets of the U.S. and Canadian guarantors and the borrower, with customary exclusions. The second tranche of the facility will be for up to $250 million and will be drawable as the Company achieves specific development milestones at its Panther Creek location and upon entering definitive documentation, at which time the entirety of the loan will become secured at the project level only and would result in a total project debt facility of $300 million and termination of the initial loan.
    • The maturity of each facility is two years from the date of closing. Each facility will bear interest at a rate of 8% per annum, with interest on the initial draw of $50 million paid in kind for the first three months. 
    • In connection with the initial tranche of the facility, Macquarie will receive warrants for the purchase of $5 million in shares of Bitfarms at a strike price equal to a 25% premium to the average of the past 5 days’ closing price (subject to a minimum strike price floor equal to the last closing price of Bitfarms’ shares on the TSX) and with a tenor of five years. The warrants and underlying shares are subject to customary registration rights for the resale of the underlying shares. Up until $125 million has been drawn under the second tranche of the facility, Macquarie will receive warrants equal to 10% of the amount drawn under the facility at a strike price equal to a 25% premium to the average of the past 5 days’ closing price (subject to a minimum strike price floor equal to the last closing price of Bitfarms’ shares on the TSX prior to grant) with a tenor of five years.
    • The loan agreement for the initial tranche of the facility includes various affirmative and negative covenants for Bitfarms and its subsidiaries, including restrictions on dispositions, dividends, the incurrence of debt and liens, material changes in the nature of its business, related party transactions, and investments, in each case subject to certain customary exclusions and carveouts. In addition, Bitfarms must maintain a minimum of $25 million balance in cash at all times while the initial tranche is outstanding and must deposit additional amounts of cash if the average bitcoin price drops below certain thresholds as provided in the loan agreement (which funds will be returned if the bitcoin price returns to the previous thresholds).

    Northland Capital Markets acted as sole placement agent to the Company. Skadden, Arps, Slate, Meagher & Flom LLP acted as legal counsel to the Company. Latham & Watkins LLP acted as legal counsel to Macquarie.

    About Bitfarms Ltd.
    Founded in 2017, Bitfarms is a global energy and compute infrastructure company that develops, owns, and operates vertically integrated HPC and Bitcoin mining data centers. Bitfarms currently has 15 operating Bitcoin data centers situated in four countries: the United States, Canada, Argentina and Paraguay.

    Powered primarily by environmentally friendly hydro-electric and long-term power contracts, Bitfarms is committed to using sustainable and often underutilized energy infrastructure.

    To learn more about Bitfarms’ events, developments, and online communities:

    www.bitfarms.com.

    https://www.facebook.com/bitfarms/
    http://x.com/Bitfarms_io
    https://www.instagram.com/bitfarms/
    https://www.linkedin.com/company/bitfarms/

    About Macquarie Group

    Macquarie Group Limited (Macquarie) is a global financial services group providing clients with asset management, retail and business banking, wealth management, leasing and asset financing, market access, commodity trading, renewables development, specialist advice and access to capital and principal investment. Founded in 1969, Macquarie employs over 20,000 people in 34 markets. Commodities and Global Markets (CGM), an operating group of Macquarie, has more than 40 years of partnering with clients to provide capital and financing, risk management, market access, and physical execution and logistics solutions across commodities, financial markets, and asset finance sectors. For further information, visit www.macquarie.com.

    Glossary of Terms

    • MW = Megawatts or megawatt hour
    • HPC/AI = High Performance Computing / Artificial Intelligence
    • CapEx = Capital Expenditure
    • OpEx = Operating Expenses
    • PJM = Pennsylvania- New Jersey-Massachusetts regional transmission market
    • NYC = New York City
    • WWT = World Wide Technology
    • ASG= Applebee Strategy Group, LLC

    Forward-Looking Statements

    This news release contains certain “forward-looking information” and “forward-looking statements” (collectively, “forward-looking information”) that are based on expectations, estimates and projections as at the date of this news release and are covered by safe harbors under Canadian and United States securities laws. The statements and information in this release regarding the completion of definitive documentation relating to the second tranche of the facility and the draw of an additional $250 million in funds, the development of the Company’s Panther Creek data center, its potential capacity, and its attractiveness to potential HPC customers, and other statements regarding future growth, plans and objectives of the Company are forward-looking information.

    Any statements that involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as “expects”, or “does not expect”, “is expected”, “anticipates” or “does not anticipate”, “plans”, “budget”, “scheduled”, “forecasts”, “estimates”, “prospects”, “believes” or “intends” or variations of such words and phrases or stating that certain actions, events or results “may” or “could”, “would”, “might” or “will” be taken to occur or be achieved) are not statements of historical fact and may be forward-looking information.

    This forward-looking information is based on assumptions and estimates of management of Bitfarms at the time they were made, and involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance, or achievements of Bitfarms to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information. Such factors, risks and uncertainties include, among others: the ability to successfully negotiate and deliver definitive documentation relating to the second tranche of the facility, that the second tranche may not close within the timeframe anticipated or at all or may not close on the terms and conditions currently anticipated by the parties; the development and operation of Panther Creek may not occur as currently planned, or at all; expansion of existing facilities may not materialize as currently anticipated, or at all; new miners may not perform up to expectations; revenue may not increase as currently anticipated, or at all; the ongoing ability to successfully mine digital currency is not assured; failure of the equipment upgrades to be installed and operated as planned; the availability of additional power may not occur as currently planned, or at all; expansion may not materialize as currently anticipated, or at all; the power purchase agreements and economics thereof may not be as advantageous as expected; potential environmental cost and regulatory penalties due to the operation of plants which entail environmental risk and certain additional risk factors including, land reclamation requirements may be burdensome and expensive, changes in tax credits related to coal refuse power generation could have a material adverse effect on the business, financial condition, results of operations and future development efforts, competition in power markets may have a material adverse effect on the results of operations, cash flows and the market value of the assets, the business is subject to substantial energy regulation and may be adversely affected by legislative or regulatory changes, as well as liability under, or any future inability to comply with, existing or future energy regulations or requirements, the operations are subject to a number of risks arising out of the threat of climate change, and environmental laws, energy transitions policies and initiatives and regulations relating to emissions and coal residue management, which could result in increased operating and capital costs and reduce the extent of business activities, operation of power generation facilities involves significant risks and hazards customary to the power industry that could have a material adverse effect on our revenues and results of operations, and there may not have adequate insurance to cover these risks and hazards, employees, contractors, customers and the general public may be exposed to a risk of injury due to the nature of the operations, limited experience with carbon capture programs and initiatives and dependence on third-parties, including consultants, contractors and suppliers to develop and advance carbon capture programs and initiatives, and failure to properly manage these relationships, or the failure of these consultants, contractors and suppliers to perform as expected, could have a material adverse effect on the business, prospects or operations; the digital currency market; the ability to successfully mine digital currency; it may not be possible to profitably liquidate the current digital currency inventory, or at all; a decline in digital currency prices may have a significant negative impact on operations; an increase in network difficulty may have a significant negative impact on operations; the volatility of digital currency prices; the anticipated growth and sustainability of hydroelectricity for the purposes of cryptocurrency mining in the applicable jurisdictions; the inability to maintain reliable and economical sources of power to operate cryptocurrency mining assets; the risks of an increase in electricity costs, cost of natural gas, changes in currency exchange rates, energy curtailment or regulatory changes in the energy regimes in the jurisdictions in which Bitfarms operates and the potential adverse impact on profitability; future capital needs and the ability to complete current and future financings, including Bitfarms’ ability to utilize an at-the-market offering program ( “ATM Program”) and the prices at which securities may be sold in such ATM Program, as well as capital market conditions in general; share dilution resulting from an ATM Program and from other equity issuances; volatile securities markets impacting security pricing unrelated to operating performance; the risk that a material weakness in internal control over financial reporting could result in a misstatement of financial position that may lead to a material misstatement of the annual or interim consolidated financial statements if not prevented or detected on a timely basis; historical prices of digital currencies and the ability to mine digital currencies that will be consistent with historical prices; and the adoption or expansion of any regulation or law that will prevent Bitfarms from operating its business, or make it more costly to do so. For further information concerning these and other risks and uncertainties, refer to Bitfarms’ filings on www.sedarplus.ca (which are also available on the website of the U.S. Securities and Exchange Commission (the “SEC“) at www.sec.gov), including the Management’s Discussion & Analysis for the year-ended December 31, 2024. Although Bitfarms has attempted to identify important factors that could cause actual results to differ materially from those expressed in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended, including factors that are currently unknown to or deemed immaterial by Bitfarms. There can be no assurance that such statements will prove to be accurate as actual results, and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on any forward-looking information. Bitfarms does not undertake any obligation to revise or update any forward-looking information other than as required by law. Trading in the securities of the Company should be considered highly speculative. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. Neither the Toronto Stock Exchange, Nasdaq, or any other securities exchange or regulatory authority accepts responsibility for the adequacy or accuracy of this release.

    Investor Relations Contact:
    Tracy Krumme
    SVP, Head of IR & Corp. Comms.
    +1 786-671-5638
    tkrumme@bitfarms.com

    Media Contact:
    Caroline Brady Baker
    Director, Communications
    cbaker@bitfarms.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/bab8a34f-c6c6-4802-bf43-e7edcb378236

    The MIL Network –

  • MIL-OSI: Building on Past Success, Incident IQ Names Ryan Zeek as Chief Financial Officer

    Source: GlobeNewswire (MIL-OSI)

    ATLANTA, April 02, 2025 (GLOBE NEWSWIRE) — Incident IQ, the leading workflow management platform built specifically to streamline K-12 school districts, has announced the appointment of Ryan Zeek as Chief Financial Officer. Ryan steps into the role after more than three years at the company, during which he has served as Director of Finance and most recently, VP of Strategy. Since joining Incident IQ, he has been instrumental in optimizing the company’s finance operations, building strong teams, and implementing processes that have helped support the company’s growth and innovation. As the VP of Strategy, Ryan fostered relationships with key partners and supported the launch of iiQ Resources, Incident IQ’s newest product.

    Incident IQ also extends its heartfelt thanks to retiring CFO Mike Hickey for his years of dedicated leadership. His financial stewardship and guidance helped lay a strong foundation that has positioned his successor and the company to thrive.

    “Mike and I are thrilled that Ryan is our next CFO. We’re moving from strength to strength,” said R.T. Collins, CEO of Incident IQ. “During his tenure at iiQ, Ryan has demonstrated tremendous capability across several domains, and I believe he is the ideal person to lead our financial strategy through the next phase of our journey.”

    Prior to his tenure at Incident IQ, Ryan served in various financial, strategy and audit leadership roles for Atlanta-based companies, both locally and abroad. He holds degrees from Auburn University and the University of Notre Dame as well as an active CPA license.

    “Incident IQ has a brilliant legacy of solutions that empower school districts to achieve their goals,” said Ryan. “Whilst I’ve enjoyed serving in my previous roles, I’m honored to step into the CFO role to help expand that legacy alongside an incredible team. The people I now have the privilege to lead as CFO played a major role in my decision to accept the nomination—their passion and talent make this a unique opportunity.”

    Ryan will oversee Incident IQ’s financial strategy and operations, including finance, accounting, and corporate development, as the company continues to innovate as the premier workflow solution for K-12 school districts.

    About Incident IQ
    Incident IQ is the leading workflow management platform built exclusively for K-12 schools, providing district leaders with visibility and efficiency across administrative teams. Trusted by over 1,900 districts, Incident IQ powers mission-critical services for more than 12 million students and educators nationwide. By connecting technology and operational workflows, Incident IQ enables schools to streamline processes, reduce administrative burdens, and focus on what matters most—student achievement.

    Incident IQ is based in Atlanta.

    The MIL Network –

  • MIL-OSI: Hyperscale Data Announces 56 Bitcoin Mined Year to Date and 3,061 Bitcoin Mined Since Inception of Mining Operations in March 2021

    Source: GlobeNewswire (MIL-OSI)

    LAS VEGAS, April 02, 2025 (GLOBE NEWSWIRE) — Hyperscale Data, Inc. (NYSE American: GPUS), a diversified holding company (“Hyperscale Data” or the “Company”), today announced that its wholly owned subsidiary Sentinum, Inc. (“Sentinum”) mined approximately 56 Bitcoin from January 1, 2025, to March 31, 2025. Since March of 2021, Sentinum has mined approximately 3,061 Bitcoin.

    “The Company is proud of the Sentinum team and the efficiency with which the mining operations are run. We believe it is important to update stockholders on our current and historical Bitcoin mining operations and of Sentinum’s accomplishments in the Bitcoin mining space,” stated William B. Horne, Chief Executive Officer of Hyperscale Data. “The Company has previously noted its intentions to relocate the majority of its Bitcoin mining operations concurrently with the buildout of its Michigan Data Center and will continue to update stockholders as this progresses.”

    For more information on Hyperscale Data and its subsidiaries, Hyperscale Data recommends that stockholders, investors and any other interested parties read Hyperscale Data’s public filings and press releases available under the Investor Relations section at hyperscaledata.com or available at www.sec.gov.

    About Hyperscale Data, Inc.

    Through its wholly owned subsidiaries, Hyperscale Data owns and operates a data center at which it mines digital assets and offers colocation and hosting services for the emerging artificial intelligence ecosystems and other industries. Hyperscale Data’s subsidiary, Ault Capital Group, Inc. (“ACG”), is a diversified holding company pursuing growth by acquiring undervalued businesses and disruptive technologies with a global impact.

    Hyperscale Data intends to completely divest itself of ACG on or about December 31, 2025, at which time, it would solely be an owner and operator of data centers to support high-performance computing services. Until that happens, the Company provides, through ACG and its wholly and majority-owned subsidiaries and strategic investments, mission-critical products that support a diverse range of industries, including an artificial intelligence software platform, social gaming platform, equipment rental services, defense/aerospace, industrial, automotive, medical/biopharma and hotel operations. In addition, ACG is actively engaged in private credit and structured finance through a licensed lending subsidiary. Hyperscale Data’s headquarters are located at 11411 Southern Highlands Parkway, Suite 190 Las Vegas, NV 89141.

    Forward-Looking Statements

    This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements generally include statements that are predictive in nature and depend upon or refer to future events or conditions, and include words such as “believes,” “plans,” “anticipates,” “projects,” “estimates,” “expects,” “intends,” “strategy,” “future,” “opportunity,” “may,” “will,” “should,” “could,” “potential,” or similar expressions. Statements that are not historical facts are forward-looking statements. Forward-looking statements are based on current beliefs and assumptions that are subject to risks and uncertainties.

    Forward-looking statements speak only as of the date they are made, and the Company undertakes no obligation to update any of them publicly in light of new information or future events. Actual results could differ materially from those contained in any forward-looking statement as a result of various factors. More information, including potential risk factors, that could affect the Company’s business and financial results are included in the Company’s filings with the U.S. Securities and Exchange Commission, including, but not limited to, the Company’s Forms 10-K, 10-Q and 8-K. All filings are available at www.sec.gov and on the Company’s website at hyperscaledata.com.

    Hyperscale Data Investor Contact:
    IR@hyperscaledata.com or 1-888-753-2235

    The MIL Network –

  • MIL-OSI Economics: TookPS: DeepSeek isn’t the only game in town

    Source: Securelist – Kaspersky

    Headline: TookPS: DeepSeek isn’t the only game in town

    In early March, we published a study detailing several malicious campaigns that exploited the popular DeepSeek LLM as a lure. Subsequent telemetry analysis indicated that the TookPS downloader, a malware strain detailed in the article, was not limited to mimicking neural networks. We identified fraudulent websites mimic official sources for remote desktop and 3D modeling software, alongside pages offering these applications as free downloads.

    Malicious websites

    UltraViewer, AutoCAD, and SketchUp are common business tools. Therefore, potential victims of this campaign include both individual users and organizations.

    Our telemetry also detected file names such as “Ableton.exe” and “QuickenApp.exe”, alongside malicious websites. Ableton is music production software for composition, recording, mixing, and mastering, and Quicken is a personal finance app for tracking expenses, income, debts, and investments across various accounts.

    TookPS

    In our report on attacks exploiting DeepSeek as a lure, we outlined the infection chain initiated by Trojan-Downloader.Win32.TookPS. Let us delve into this. Upon infiltrating a victim’s device, the downloader reaches out to its C2 server, whose domain is embedded in its code, to retrieve a PowerShell script. Different malware samples communicate with different domains. For example, the file with the MD5 hash 2AEF18C97265D00358D6A778B9470960 reached out to bsrecov4[.]digital, which was inactive at the time of our research. It received the following base64-encoded command from that domain:

    Original command

    Decoding reveals the PowerShell command being executed:

    The variable “$TookEnc” stores an additional base64-encoded data block, also executed in PowerShell. Decrypting this reveals the following command:

    Decoded command from $TookEnc variable shown in the previous screenshot

    Example of decrypting another command from $TookEnc variable

    Although different samples contain different URLs, the command structure remains identical. These commands sequentially download and execute three PowerShell scripts from the specified URL. The first script downloads “sshd.exe”, its configuration file (“config”), and an RSA key file from the C2 server. The second script retrieves command-line parameters for “sshd” (remote server address, port, and username), and then runs “sshd”.

    Example of a malicious PowerShell command generated by the PowerShell script:

    This command starts an SSH server, thereby establishing a tunnel between the infected device and the remote server. For authentication, it uses the RSA key downloaded earlier, and the server configuration is sourced from the “config” file. Through this tunnel, the attacker gains full system access, allowing for arbitrary command execution.

    The third script attempts to download a modified version of the Backdoor.Win32.TeviRat malware onto the victim’s machine, which is a well-known backdoor. The sample we obtained uses DLL sideloading to modify and deploy the TeamViewer remote access software onto infected devices. In simple terms, the attackers place a malicious library in the same folder as TeamViewer, which alters the software’s default behavior and settings, hiding it from the user and providing the attackers with covert remote access. This campaign used the domain invoicingtools[.]com as the C2.

    Part of the script that downloads Backdoor.Win32.TeviRat

    Additionally, Backdoor.Win32.Lapmon.* is downloaded onto the compromised device. Unfortunately, we were not able to establish the exact delivery method. This backdoor uses the domain twomg[.]xyz as its C2.

    In this manner, the attackers gain complete access to the victim’s computer in variety of ways.

    Infrastructure

    The malicious scripts and programs in this attack primarily used domains registered in early 2024, hosted at two IP addresses:

    C2 domains and corresponding IPs

    We found no legitimate user-facing resources at these IP addresses. Alongside the campaign-related domains, we also found other domains long blocked by our security solutions. This strongly suggests these attackers had used other tools prior to TookPS, Lapmon, and TeviRat.

    Takeaways

    The DeepSeek lure attacks were merely a glimpse into a large-scale campaign targeting both home users and organizations. The malware distributed by the attackers was disguised as popular software, including business-critical applications. They attempted to gain covert access to the victim’s device through a variety of methods after the initial infection.

    To protect against these attacks, users are advised to remain vigilant and avoid downloading pirated software, which may represent a serious threat.

    Organizations should establish robust security policies prohibiting software downloads from dubious sources like pirated websites and torrents. Additionally, regular security awareness training is essential for ensuring a proper level of employee vigilance.

    IOCs

    MD5
    46A5BB3AA97EA93622026D479C2116DE
    2DB229A19FF35F646DC6F099E6BEC51F
    EB6B3BCB6DF432D39B5162F3310283FB
    08E82A51E70CA67BB23CF08CB83D5788
    8D1E20B5F2D89F62B4FB7F90BC8E29F6
    D26C026FBF428152D5280ED07330A41C
    8FFB2A7EFFD764B1D4016C1DF92FC5F5
    A3DF564352171C207CA0B2D97CE5BB1A
    2AEF18C97265D00358D6A778B9470960
    8D0E1307084B4354E86F5F837D55DB87
    7CB0CA44516968735E40F4FAC8C615CE
    62CCA72B0BAE094E1ACC7464E58339C0
    D1D785750E46A40DEF569664186B8B40
    EE76D132E179623AD154CD5FB7810B3E
    31566F18710E18F72D020DCC2FCCF2BA
    F1D068C56F6023FB25A4F4F0CC02E9A1
    960DFF82FFB90A00321512CDB962AA5B
    9B724BF1014707966949208C4CE067EE

    URLs
    Nicecolns[.]com
    sketchup-i3dmodels-download[.]top
    polysoft[.]org
    autocad-cracked[.]com
    ultraviewer[.]icu
    ultraview-ramotepc[.]top
    bsrecov4[.]digital
    downloader[.]monster
    download[.]monster
    pstuk[.]xyz
    tukeps2ld[.]online
    twomg[.]xyz
    tuntun2[.]digital
    invoicingtools[.]com
    tu02n[.]website
    inreport2[.]xyz
    inrep[.]xyz

    IPs
    88[.]119.175.187
    88[.]119.175.184
    88[.]119.175.190

    MIL OSI Economics –

  • MIL-OSI United Kingdom: Landmark Taiwan offshore wind deal receives UK backing, unlocking £55 million in contracts for British exporters

    Source: United Kingdom – Executive Government & Departments 4

    Press release

    Landmark Taiwan offshore wind deal receives UK backing, unlocking £55 million in contracts for British exporters

    UK Export Finance has guaranteed £184 million in financing for one of Taiwan’s largest offshore wind projects.

    Credit: Copenhagen Offshore Partners

    • The deal secures £55 million in manufacturing and service contracts for British suppliers, supporting local jobs and economic growth.

    • Export breakthrough enabled by collaboration with other export credit agencies and with Copenhagen Infrastructure Partners – one of the world’s largest fund managers for renewable energy investments.

    UK Export Finance (UKEF) is providing a £184 million credit guarantee to support the construction of the 495 MW Fengmiao 1 offshore windfarm in Taiwan, securing £55 million in manufacturing and service export contracts for British suppliers.

    UKEF is the government’s export credit agency, providing support to help exporters win and deliver new overseas contracts.

    Cadeler – a company with operations based in East Anglia – will be contracted to supply an installation vessel together with crew, sea-fastening services and crane operators.

    This latest Buyer Credit Guarantee from UKEF forms part of a wider $3.7 billion financing package by Copenhagen Infrastructure Partners (CIP). This involves export credit agencies from Denmark, Netherlands, Poland, Belgium, and Taiwan.

    Located off the west-coast of Taichung City, the offshore wind site is due to be completed in 2027.

    The Fengmiao 1 project will result in estimated annual greenhouse gas emissions savings equivalent to emissions from a quarter of a million cars.

    Promoting investment into British businesses and employers, UKEF’s decision to back the project supports this government’s Plan for Change to boost economic growth across all regions and promote the UK’s clean-growth expertise.

    Business and Trade Secretary Jonathan Reynolds said:

    Being absolutely committed to delivering economic growth under the Plan for Change means we are using every tool at our disposal to enable British businesses to succeed.

    This deal harnesses the power of commerce to drive the energy transition whilst securing lucrative new opportunities for UK businesses and supporting job creation in local communities.

    Mikkel Gleerup, Chief Executive Officer at Cadeler added:

    We are grateful to UKEF for the support they are providing to the Fengmiao 1 Project—an important milestone in Cadeler’s continued expansion into Taiwan’s offshore wind market.

    UKEF’s backing highlights the importance to Cadeler and its clients of our operations in the United Kingdom, with our UK-owned installation vessels and East Anglia-based team supporting offshore wind development both at home and abroad. Cadeler remains committed to advancing offshore wind in the APAC region and beyond.

    Thomas Wibe Poulsen, Partner and Head of Asia-Pacific at CIP, said:

    Financial close on Fengmiao I is the culmination of years of hard work and dedication from the project team, suppliers, contractors, banks, ECAs and offtakers. It is the first offshore wind project in Taiwan to be supported by a portfolio of corporate offtakers in Taiwan and Fengmiao I sets a new benchmark for the country’s rapidly maturing offshore wind market.

    Contact 

    Media enquiries:

    Updates to this page

    Published 2 April 2025

    MIL OSI United Kingdom –

  • MIL-OSI Africa: What to Expect at Angola Oil & Gas 2025

    Source: Africa Press Organisation – English (2) – Report:

    LUANDA, Angola, April 2, 2025/APO Group/ —

    With a $60 billion upstream investment pipeline, a 2025 licensing round and restructured block opportunities, Angola is positioning itself as the premier destination for upstream investors. Meanwhile, new downstream projects are opening up financing opportunities for technology and capital providers. Against this backdrop, the Angola Oil & Gas (AOG) conference and exhibition returns for its sixth edition from September 3-4 in Luanda, bringing together industry leaders to explore investment opportunities, forge collaborations and drive Angola’s oil and gas sector forward. Here is what to expect from this year’s edition:

    Celebrating 50 Years of Angola

    Taking place on the eve of Angola’s 50th anniversary of independence, AOG 2025 will celebrate five decades of growth in the country’s oil and gas sector. By reflecting on past successes, challenges and lessons learned, the event will not only highlight Angola’s profitability and potential, but also lay the groundwork for future investment and development.

    Multi-Track Agenda

    AOG 2025 offers a dynamic multi-track agenda designed to cater to all segments of the oil and gas value chain. Topics range from upstream exploration and production, to downstream refinery and petrochemical advancements, to regulatory and policy frameworks, and more. Keynote presentations and panel discussions will also provide insights into Angola’s latest licensing round and emerging opportunities in the oil and gas sector.

    Pre-Conference Program

    Leading up to the main event, AOG 2025 introduces an expanded pre-conference program, including specialized technical workshops and training sessions led by global energy experts. Designed for engineers, geologists, project managers and energy financiers, these sessions will explore cutting-edge advancements in drilling technologies, reservoir management, digital transformation and sustainable energy practices. To take part in the pre-conference program, contact sales@energycapitalpower.com

    Dedicated Deal Room

    A centerpiece of AOG 2025 is the exclusive Deal Room, designed as a high-impact ‘Dragon’s Den’-style platform where companies, service providers, SMEs and technology firms can showcase their solutions to investors, project developers and government representatives. This setup fosters direct engagement, driving collaboration and deal-making.

    Expanded Exhibition

    AOG 2025 will feature an expanded exhibition space, spotlighting the latest technologies, services and innovations shaping the oil and gas industry. Exhibitors will gain access to unparalleled brand exposure, senior decision-makers, high-value networking and targeted lead generation. The exhibition serves as a vital platform for companies looking to increase visibility and forge new business relationships.

    Networking Prospects

    As Angola’s largest oil and gas industry event, AOG 2025 welcomes the participation of over 2,500 attendees from 40 countries and 450 organizations. The event unites the entire oil and gas value chain, connecting upstream exploration and production to downstream infrastructure and services to finance, policy and technology. Delegates will have the unique opportunity to strengthen cross-sector collaboration and grow their brand in one of Africa’s most exciting oil and gas markets.

    Secure Your Place at AOG 2025

    Don’t miss the chance to engage with one of Africa’s largest oil and gas markets. Join the AOG 2025 conference today and be a part of the discussion on turning Angola’s oil and gas industry into a fuel for long-term, sustainable economic development. AOG 2025 offers a range of participating opportunities, including sponsorships, exhibition, speaking slots and delegation prospects. Visit www.AngolaOilandGas.com for more information.

    AOG is the largest oil and gas event in Angola. Taking place with the full support of the Ministry of Mineral Resources, Oil and Gas; the National Oil, Gas and Biofuels Agency; the Petroleum Derivatives Regulatory Institute; national oil company Sonangol; and the African Energy Chamber; the event is a platform to sign deals and advance Angola’s oil and gas industry. To sponsor or participate as a delegate, please contact sales@energycapitalpower.com.

    MIL OSI Africa –

  • MIL-OSI United Kingdom: Showcase for local suppliers interested in fusion energy

    Source: United Kingdom – Executive Government & Departments

    News story

    Showcase for local suppliers interested in fusion energy

    Businesses across Nottinghamshire, Lincolnshire and Yorkshire find out more about fusion energy at an event at Gainsborough Golf Club.

    STEP’s James Heaton and a local supplier – Image credit: UK Industrial Fusion Solutions Ltd.

    More than 120 representatives from small and medium enterprises located close to the home of STEP (Spherical Tokamak for Energy Production) at West Burton gathered recently for a local supplier engagement event, hosted by the team who are bringing fusion energy to the UK.

    Howard Wilson, STEP’s Director of Science and Technology introduced the session with a presentation on fusion, STEP, plus supporting site information about West Burton where the prototype fusion energy power plant will be built.

    Presenting from the local district councils, Julie Beresford Head of Growth and Economic Prosperity and Sally Grinrod-Smith Director of Planning, Regeneration and Communities demonstrated support for STEP from nearby local authorities and their fluid approach to hosting STEP. They covered the history of the area and identified the socio-economic opportunities that will result from the STEP Programme in the future.

    Since the early days of the programme, the STEP team has worked closely in partnership with district and county councils. Both Julie and Sally observed the high levels of engagement on the day and commented on the positive nature of the event and the numerous business enquiries that have followed.

    Commercial team members Andrew Atkinson and Ryan Cload represented the supply chain at STEP. Andrew commented:

    It’s very important to the local economy that STEP brings opportunities to the area. Our initial priority is to establish what services we have on our doorstep and create the right channels of engagement to enable effective ways of future working with local businesses. This event was a great way to share information about STEP and it was encouraging to see the networking that took place amongst the local business representatives.

    Helping to bring the work of STEP to life, a series of local case studies were given, to explore the early relationships already established with STEP. Clive Anderson from Elite Signs of Gainsborough commented on his long-established relationship with the site and what it meant to the business to be able to continue working with the STEP team. He welcomed future requests as the site works continue to grow. Photographer Chris Vaughan’s work was showcased, and he commented that he felt part of the team when commissioned to work for STEP.

    The STEP team always create time for questions when spending time in the community to aid understanding of fusion. These covered the technical side of fusion, site transport, water licences, apprentices, skills and the processes behind tenders for work. The website also includes an area with frequently asked questions which are updated regularly.

    Following the presentations, a speed-dating session was held with the local businesses to give them a chance to share information about their companies, the nature and size of their business and plans for future growth. The range of industry was vast and covered engineering, skills, security, transport, accommodation, catering, manufacturing, materials and many more.

    For those who may have missed this event, future similar events are planned for the local area with all events published and shared with people who have registered their interest on our website: step.ukaea.uk. You can also follow our social channels @STEPtoFusion.

    Notes to Editors

    STEP is a major technology and infrastructure programme to build the UK’s first prototype fusion power plant and to create a UK-led fusion industry. STEP will demonstrate net energy, fuel self-sufficiency and a route to commercialisation. This will catalyse new ideas and technology that will benefit multiple industries and help secure our future on this planet. STEP is a government-funded industry partnership programme led by UK Industrial Fusion Solutions, a wholly owned subsidiary of UKAEA Group.

    The West Burton site was selected in October 2022 as the home for STEP. The site is currently a demolition zone, with extensive works to decommission the former coal-fired power station, alongside this activity, the STEP Programme is preparing site characterisation information in readiness for construction.

    Local Authorities in the area recently reported on the potential local impact of jobs and investment in the area. Headlines from Nottinghamshire County Council’s ‘Newsroom’ available here.

    Updates to this page

    Published 2 April 2025

    MIL OSI United Kingdom –

  • MIL-OSI: XRP Whales and Traders Are Racing to Join XploraDEX $XPL Presale – XploraDEX Could Be XRP’s 2025 Smartest DeFi Play

    Source: GlobeNewswire (MIL-OSI)

    ZURICH, Switzerland, April 02, 2025 (GLOBE NEWSWIRE) — The race is on, the crypto community turns its attention toward the XRP Ledger, one name is dominating the conversation: XploraDEX. With its native token $XPL Now on Presale, traders and investors are rushing to secure early allocations in what many are calling the smartest DeFi launch of 2025.

    Built as the first AI-powered decentralized exchange (DEX) on XRP Ledger, XploraDEX is revolutionizing how crypto traders interact with markets. By integrating machine learning, real-time analytics, and intelligent trade execution, the platform promises to deliver a level of automation and insight never before seen on the XRP Ledger.

    PARTICIPATE IN $XPL PRESALE

    Why XploraDEX Is Turning Heads

    XploraDEX isn’t just another DEX—it’s a complete AI-driven trading ecosystem. Here’s what makes it stand out:

    • AI-Powered Trading Tools – From auto-executing trades based on live market trends to predictive price modeling, XploraDEX brings Wall Street-grade automation to XRPL users.
    • Lightning Fast, Low-Fee Execution – Built natively on XRPL, trades settle in seconds with micro-cost transaction fees.
    • Smart Liquidity Routing – The platform’s AI routes trades for optimal execution, reducing slippage and maximizing profits.
    • DeFi for All Traders – Whether you’re a beginner or a seasoned whale, XploraDEX is designed to level the playing field with accessible intelligence.

    The $XPL Token

    $XPL token powers the entire XploraDEX ecosystem. Here’s what holders get:

    • Access to exclusive AI tools and analytics
    • Trading fee discounts for $XPL holders
    • Staking rewards and liquidity incentives
    • Governance rights to vote on XploraDEX platform changes
    • Early access to partner projects and new feature rollouts

    $XPL Presale isn’t just another presale token, $XPL is built for long-term utility and real yield.

    BUY $XPL ON PRESALE

    $XPL Presale Momentum Is Exploding

    Since launching its presale, XploraDEX has seen a massive influx of new wallets, early whale participation, and buzz across XRP groups.. With each presale round increasing in price, early investors are locking in their allocation before the next hike.

    Presale rounds are filling fast, and with only a limited supply of $XPL available at the current tier, now is the time to move.

    BUY $XPL TOKEN: https://sale.xploradex.io

    The Verdict: Don’t Just Watch This One Happen

    XploraDEX is what the XRPL ecosystem has been waiting for: a high-utility, AI-enhanced trading platform that actually helps users trade smarter and grow their portfolios. With the $XPL presale live and momentum building by the hour, this could be the 100x DeFi opportunity of the year.

    Secure Your $XPL Presale Allocation Today: https://sale.xploradex.io

    Stay connected and Join the XploraDEX AI Revolution

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    Contact:
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    oliver@xploradex.io
    contact@xploradex.io

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    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/0b17d424-5254-4d42-9412-f13a3a54e957

    The MIL Network –

  • MIL-OSI: Inc. Names Aerospike to Its 2025 List of the Fastest-Growing Private Companies in the Pacific

    Source: GlobeNewswire (MIL-OSI)

    MOUNTAIN VIEW, Calif., April 02, 2025 (GLOBE NEWSWIRE) — Aerospike, Inc. today announced its inclusion in the annual Inc. Regionals: Pacific list. An extension of the national Inc. 5000 list, this prestigious ranking features the fastest-growing private companies in California, Oregon, Washington, Hawaii, and Alaska.

    Aerospike makes it easy to launch in the cloud and choose the right data model for the job—whether document, graph, key-value, or vector search—all within a single, massively scalable real-time database. Developers can build high-performance applications on top of these models while using 80% less infrastructure than legacy or point solutions.

    “Our customers lead their industries with some of the most successful, cost-effective real-time application and AI deployments, turning to Aerospike to quickly deploy in the cloud and scale up and out to meet demand,” said Subbu Iyer, CEO, Aerospike.

    In 2024, Aerospike closed a $114M investment to support company growth and meet market demand. DB-Engines currently ranks Aerospike as the third most popular graph database and fifth most popular vector database in the industry.

    The companies on this list show a remarkable growth rate across all industries in the Pacific. Between 2021 and 2023, these companies had a median growth rate of 124 percent. They also added 7,947 jobs and $5.6 billion to the region’s economy.

    “The honorees on this year’s Inc. Regionals list are true trailblazers driving economic growth in their respective regions, industries, and beyond. This list celebrates their achievements and tells the stories of remarkable companies that are fueling growth and adding jobs in local economies throughout the country,” said Bonny Ghosh, editorial director at Inc.

    About Aerospike

    Aerospike is the real-time database built for infinite scale, speed, and savings. Our customers are ready for what’s next with the lowest latency and the highest throughput data platform. Cloud and AI-forward, we empower leading organizations like Adobe, Airtel, Criteo, DBS Bank, Experian, PayPal, Snap, and Sony Interactive Entertainment. Headquartered in Mountain View, California, our offices are also located in London, Bangalore, and Tel Aviv.

    Aerospike is a registered trademark of Aerospike, Inc.

    Contact:
    John Moran
    Look Left Marketing
    aerospike@lookleftmarketing.com

    The MIL Network –

  • MIL-OSI: CoinShares Resolves on Dividend Distribution for the financial year 2024

    Source: GlobeNewswire (MIL-OSI)

    2 April 2025 | SAINT HELIER, Jersey | As announced on 18 February 2025, CoinShares International Limited (“CoinShares” or the “Company”) (Nasdaq Stockholm: CS; US OTCQX: CNSRF),  the leading European investment company specialising in digital assets, indicated a distribution to shareholders would be considered within the parameters of the dividend policy, subject to the finalisation of the Group audit for the year ended 31 December 2024

    Under the policy, the Company aims to return to shareholders by way of annual dividend of between 20% and 40% of the Group’s profit after tax, adjusted for any special dividend payments made during the period.

    Consistent with the policy, and following publication of the Group’s audited financial statements for the year ended 31 December 2024, the Board of the Company resolved to declare and pay in four equal instalments an annual dividend in relation to the financial year ending 31 December 2024 of approximately GBP 0.30 per ordinary share, amounting to GBP 20,000,000, to be paid from the Group’s reserves.

    The dividend to holders of ordinary shares will be made in sterling (GBP) and subsequently, before distribution to shareholders who hold ordinary shares via Euroclear Sweden, converted to SEK at prevailing rates at the time of distribution.

    The total number of shares in the Company as at 31 December 2024 was 2024 66,678,210.

    The key dates for the annual dividend are as follows:

      Ex-dividend date Record date Payment date Total Dividend
    Tranche 1 29 April 2025 30 April 2025 6 May 2025 GBP 5,000,000
    Tranche 2 27 June 2025 30 June 2025 3 July 2025 GBP 5,000,000
    Tranche 3 29 September 2025 30 September 2025 3 October 2025 GBP 5,000,000
    Tranche 4 29 December 2025 30 December 2025 7 January 2026 GBP 5,000,000

    In accordance with Article 115(4) of the Companies (Jersey) Law 1991, each payment will be subject to an assessment of the financial health of the Group by its Board.

    About CoinShares

    CoinShares is the leading European alternative asset manager specialising in digital assets, that delivers a broad range of financial services across investment management, trading and securities to a wide array of clients that includes corporations, financial institutions and individuals. Founded in 2013, the firm is headquartered in Jersey, with offices in France, Stockholm, the UK and the US. CoinShares is regulated in Jersey by the Jersey Financial Services Commission, in France by the Autorité des marchés financiers, in the US by the Financial Industry Regulatory Authority. CoinShares is publicly listed on the Nasdaq Stockholm under the ticker CS and the OTCQX under the ticker CNSRF.

    For more information on CoinShares, please visit: https://coinshares.com
    Company | +44 (0)1534 513 100 | enquiries@coinshares.com
    Investor Relations | +44 (0)1534 513 100 | enquiries@coinshares.com

    The MIL Network –

  • MIL-OSI United Kingdom: Mayor secures 935 neighbourhood police officer posts and confirms historic £1.16bn investment in the Metropolitan Police

    Source: Mayor of London

    • Mayor’s landmark £1.159 billion investment will protect neighbourhood policing, save 935 neighbourhood police officer posts and significantly reduce planned cuts to specialist police teams – including forensic teams and the dog support unit
    • Mayor will work closely with the Met police to push for the extra national funding London needs to boost officer numbers, continue to reform and fight crime

    The Mayor of London, Sadiq Khan, has announced a record £1.16bn investment in policing from City Hall. This will help to save 935 neighbourhood police officer roles that were previously set to be lost and significantly reduce the level of cuts the Met were planning. There is still £32 million for the Met to allocate of additional funding.

    The previous government chronically underfunded the Met, making cuts to policing in London that in real terms were equivalent to more than £1.1billion. Allowing for inflation in 2024, core government funding will have fallen by nearly a third in real terms. This has left the Met in a very difficult financial position. The overwhelming majority of the Met’s funding comes from central government, but the Mayor is pulling every lever at his disposal to support policing in London. 

    Due to the previous Governments cuts, the Met will still need to reduce its overall workforce and make efficiency savings, but the funding from the Mayor and his prioritisation of neighbourhood policing will mean that the level of neighbourhood policing in communities across London will not be reduced. This will ensure officers are visible in our high streets and working proactively with communities on the issues that matter most to them. 

    The Mayor has more the doubled City Hall funding to the Met since he became Mayor, prioritising investment in local policing throughout his time in office, making difficult decisions on council tax and business rates to mitigate the impact of austerity on frontline policing. Neighbourhood policing remains the bedrock of community confidence, trust and safety in London and the Mayor has been clear that the fresh funding from City Hall will be used to fund police officers, key police staff and the equipment they need to carry out their roles.

    In line with the Mayor’s Police and Crime Plan, the latest budget also ensures:

    1. No cuts to emergency response teams, which the public rely on at times of crisis;
    2. Continued investment in the resources and equipment frontline officers need;
    3. Continued investment in the teams working to provide specialist support for victims so that the Met can continue to improve outcomes for victims of rape, serious sexual offences and child abuse and exploitation;
    4. Continued action to improve Met culture, with ongoing support for the Met’s Culture, Diversity and Inclusion Directorate which will deliver more leadership training, improved vetting processes, and changes to how the Met deals with misconduct and complaints to drive the higher standards;
    5. An extra £32 million to be allocated. 

    Since January’s publication of the draft budget an extra £83million has been added – £10million from City Hall and £73million from central government – for policing in the Mayor’s final budget brings the total mayoral investment in the Met to an historic £1.159 billion for the next year. Overall, there is an additional £320m funding for the Met compared to the current year’s budget, an unprecedented increase following close working between the Mayor and the new government. 

    This means that cuts to specialist teams will be significantly reduced compared to what the Met had been previously thought and was planning for. This includes significantly limiting the reductions to the Met’s Dog Support Unit, forensic teams and Mounted Branch. But given the scale of the previous government’s cuts, and with the reserves that have previously mitigated them having been used up, the Met is still having to make some tough choices to protect frontline policing. This includes moving Royal Parks demand into local neighbourhood ward policing roles. 

    However, the tough choices the Met has outlined are subject to change as there is still £32m from the funding set out that can be used to mitigate the proposed service reductions. In addition, any future funding from the Government in the upcoming Spending Review would mean the Met could look again at its plans.  

    The Mayor is determined to continue being both tough on crime and tough on the causes of crime. This approach – supporting the police at the same time as funding programmes that focus on crime prevention – is working.  It has contributed to the number of homicides, young people being injured with knives, gun crime with lethal barrel weapons and burglary all falling since Sadiq was first elected in 2016. The number of teenage homicides in London last year was also at its lowest level since 2012 with the number of under 25’s killed the lowest since 2003. But there is still much more to do and the Mayor will continue to do everything he can.    

    While Sadiq has welcomed additional government funding announcements for the police in 2024 and 2025, it is clear that it will take further funding to undo more than a decade of cuts by the previous government. That’s why the upcoming multi-year Spending Review will be a key focus for the Mayor and the Met. The Mayor will continue to stand up for London and make the case for the investment the Met needs. 

    The Mayor of London, Sadiq Khan, said: “The previous government chronically underfunded the Met, making cuts to policing in London that were in real terms equivalent to more than £1.1 billion. This has left the Met in an extremely difficult financial situation. As Mayor, I’m committed to doing everything in my power to support the police. That’s why I’m announcing a record £1.16bn annual investment in the police from City Hall. This historic increase will protect neighbourhood policing in our communities and significantly reduce the level of cuts the Met had been planning.    

    “It will also mean the Met can continue to reform and build on the crime reductions we have achieved in the capital, with violence, knife crime involving young people and burglary all down.

    “However, tough decisions have been made to protect neighbourhood policing and I’m under no illusions about the challenges ahead. As Mayor, I will continue to work with the new government and the Met – ahead of the forthcoming spending review – to ensure the Met gets the sustainable funding it needs to help us to build a safer London for everyone.”

    MIL OSI United Kingdom –

  • MIL-OSI Global: Val Kilmer’s macho action figures held a melancholy just below the surface

    Source: The Conversation – Global Perspectives – By Aaron Humphrey, Lecturer, Media and Digital Humanities, University of Adelaide

    Leading man of 1990s Hollywood, Val Kilmer, has died at 65 from pneumonia. Battling cancer since 2014, he has not been a frequent presence on our film screens for most of this century. While he has recently done some interesting projects, he never recaptured his fame and box-office draw of the 1980s and ‘90s, when he appeared in iconic films such as Top Gun (1986) and Batman Forever (1995).

    His standout performance as Tom Cruise’s swaggering, self-assured rival Iceman in Top Gun made him a star. But the film that really cemented his reputation as a leading man was Oliver Stone’s The Doors (1991), in which he played Jim Morrison to astonishing effect. He is the best thing about that film.

    Kilmer starred as Doc Holliday in the 1993 film Tombstone – a kind of cross between a superhero film and a western.
    IMDB

    In 1993, he starred as Doc Holliday in Tombstone, a stylish modern western, which he co-headlined with Kurt Russell as Wyatt Earp. It was perhaps the most ’90s of the ’90s westerns. Kilmer’s performance was crowd-pleasing and critically acclaimed. His 2020 memoir, I’m Your Huckleberry, took its name from a line Kilmer spoke in the film.

    In some ways, it is a superhero film with cowboys – as you can see so clearly in the poster. It was this performance that put Kilmer on the radar of Warner Bros when they were looking to cast a new Batman after Michael Keaton abandoned the suit.

    Batman Forever

    We’ve got used to superhero films having cinematic universes and narrative continuity between films, but in the 1990s that had not quite been established.

    Warner Bros had struck cinematic gold with the first modern superhero blockbuster, Superman (1978) starring Christopher Reeve, but faced diminishing critical and financial returns with each subsequent film in the series. After Superman IV: The Quest for Peace (1987) failed to connect with audiences, the studio turned to Batman to be its cinematic icon. In those days, one superhero film every couple of years was seen as sufficient. Fortunately, Tim Burton’s Batman (1989) and Batman Returns (1992), two dark takes on the Batman story both starring Michael Keaton, were hits.

    However, Batman Returns was regarded by audiences and critics as too “dark”, and too Burton. Both Burton and the studio felt a change of pace was needed for a third film. Joel Schumacher was brought on as director and, perhaps due to the departure of Burton, Keaton also chose to leave the series.

    Fresh off Tombstone, Kilmer was cast as the superhero.

    Batman Forever took a goofier tone, inspired just as much by the campy 1960s TV series as the dark gothic noir style of Burton. It is still brooding, but the film is more bombastic, more colourful. Noted for performances from Tommy Lee Jones and Jim Carrey as the villains – and the costumes that famously featured nipples and codpieces – Kilmer’s performance got lost.

    Val Kilmer and Chris O’Donnell in Batman Forever (1995).
    IMDB

    Worse for Kilmer, rumours of being difficult to work with on the set of Batman may have set his career back in subsequent years. But, despite these difficulties, Kilmer makes a good Batman.

    He performed the role with a brooding physicality, as well as playfulness. He was underrated, and certainly better than George Clooney, who took over in Batman and Robin (1997) after Kilmer declined to return.

    The non-Keaton Batman films are sometimes overlooked by fans, or not seen as living up to the heights of the Burton movies. In recent years, Burton’s movies have become more or less canonised as the “real” Batman of the era. A series of comic books, Batman ’89, has been published since 2021 that continues the story from Batman Returns, bypassing the developments of Kilmer’s Batman Forever and Clooney’s Batman and Robin.

    Keaton has since reprised his role as the caped crusader on the silver screen as a major supporting character in The Flash (2023), which also featured cameos from Batman alumni Clooney and Ben Affleck as alternate universe versions of the Dark Knight. Kilmer and Christian Bale were the only retired big-screen Batmans not to appear in the film.

    But Batman Forever stands the test of time. It is an entertaining film that walks the line between the dark and brooding Batman from Burton, and the parody of the 1960s television series starring Adam West.

    Soulful melancholy

    Batman Forever was the pinnacle for Kilmer in terms of critical and commercial success. He followed it with great performances in films such as The Ghost and the Darkness (1996), Kiss Kiss Bang Bang (2005) and Bad Lieutenant: Port of Call New Orleans (2009), but he was often the supporting character rather than the lead. These films, too, weren’t box-office smashes like his films up to and including Batman had been.

    One of his best performances of the 2000s was in the David Mamet film Spartan (2004). Kilmer plays a retired marine corps sergeant in a good leading turn. He gave a muscular performance that still had a soulful melancholy at its heart, which can be seen in a lot of his roles. He plays action figures who are tough and macho on the outside, but have a melancholy just below the surface.

    Although he never reprised his role as Bruce Wayne, a fitting coda for Kilmer’s career was the long-awaited sequel Top Gun: Maverick (2022), in which he gives a cameo as an ailing version of Iceman.

    Kilmer will be missed for his iconic roles as the quintessential performer of the late 1980s and ’90s. In 2021, a documentary about Kilmer, Val, was released, based on decades of archive footage. I would recommend it to audiences who want to know more about the man, his life, his career and his health battles over the past decades.

    Aaron Humphrey 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. Val Kilmer’s macho action figures held a melancholy just below the surface – https://theconversation.com/val-kilmers-macho-action-figures-held-a-melancholy-just-below-the-surface-253631

    MIL OSI – Global Reports –

  • MIL-Evening Report: Val Kilmer’s macho action figures held a melancholy just below the surface

    Source: The Conversation (Au and NZ) – By Aaron Humphrey, Lecturer, Media and Digital Humanities, University of Adelaide

    Leading man of 1990s Hollywood, Val Kilmer, has died at 65 from pneumonia. Battling cancer since 2014, he has not been a frequent presence on our film screens for most of this century. While he has recently done some interesting projects, he never recaptured his fame and box-office draw of the 1980s and ‘90s, when he appeared in iconic films such as Top Gun (1986) and Batman Forever (1995).

    His standout performance as Tom Cruise’s swaggering, self-assured rival Iceman in Top Gun made him a star. But the film that really cemented his reputation as a leading man was Oliver Stone’s The Doors (1991), in which he played Jim Morrison to astonishing effect. He is the best thing about that film.

    Kilmer starred as Doc Holliday in the 1993 film Tombstone – a kind of cross between a superhero film and a western.
    IMDB

    In 1993, he starred as Doc Holliday in Tombstone, a stylish modern western, which he co-headlined with Kurt Russell as Wyatt Earp. It was perhaps the most ’90s of the ’90s westerns. Kilmer’s performance was crowd-pleasing and critically acclaimed. His 2020 memoir, I’m Your Huckleberry, took its name from a line Kilmer spoke in the film.

    In some ways, it is a superhero film with cowboys – as you can see so clearly in the poster. It was this performance that put Kilmer on the radar of Warner Bros when they were looking to cast a new Batman after Michael Keaton abandoned the suit.

    Batman Forever

    We’ve got used to superhero films having cinematic universes and narrative continuity between films, but in the 1990s that had not quite been established.

    Warner Bros had struck cinematic gold with the first modern superhero blockbuster, Superman (1978) starring Christopher Reeve, but faced diminishing critical and financial returns with each subsequent film in the series. After Superman IV: The Quest for Peace (1987) failed to connect with audiences, the studio turned to Batman to be its cinematic icon. In those days, one superhero film every couple of years was seen as sufficient. Fortunately, Tim Burton’s Batman (1989) and Batman Returns (1992), two dark takes on the Batman story both starring Michael Keaton, were hits.

    However, Batman Returns was regarded by audiences and critics as too “dark”, and too Burton. Both Burton and the studio felt a change of pace was needed for a third film. Joel Schumacher was brought on as director and, perhaps due to the departure of Burton, Keaton also chose to leave the series.

    Fresh off Tombstone, Kilmer was cast as the superhero.

    Batman Forever took a goofier tone, inspired just as much by the campy 1960s TV series as the dark gothic noir style of Burton. It is still brooding, but the film is more bombastic, more colourful. Noted for performances from Tommy Lee Jones and Jim Carrey as the villains – and the costumes that famously featured nipples and codpieces – Kilmer’s performance got lost.

    Val Kilmer and Chris O’Donnell in Batman Forever (1995).
    IMDB

    Worse for Kilmer, rumours of being difficult to work with on the set of Batman may have set his career back in subsequent years. But, despite these difficulties, Kilmer makes a good Batman.

    He performed the role with a brooding physicality, as well as playfulness. He was underrated, and certainly better than George Clooney, who took over in Batman and Robin (1997) after Kilmer declined to return.

    The non-Keaton Batman films are sometimes overlooked by fans, or not seen as living up to the heights of the Burton movies. In recent years, Burton’s movies have become more or less canonised as the “real” Batman of the era. A series of comic books, Batman ’89, has been published since 2021 that continues the story from Batman Returns, bypassing the developments of Kilmer’s Batman Forever and Clooney’s Batman and Robin.

    Keaton has since reprised his role as the caped crusader on the silver screen as a major supporting character in The Flash (2023), which also featured cameos from Batman alumni Clooney and Ben Affleck as alternate universe versions of the Dark Knight. Kilmer and Christian Bale were the only retired big-screen Batmans not to appear in the film.

    But Batman Forever stands the test of time. It is an entertaining film that walks the line between the dark and brooding Batman from Burton, and the parody of the 1960s television series starring Adam West.

    Soulful melancholy

    Batman Forever was the pinnacle for Kilmer in terms of critical and commercial success. He followed it with great performances in films such as The Ghost and the Darkness (1996), Kiss Kiss Bang Bang (2005) and Bad Lieutenant: Port of Call New Orleans (2009), but he was often the supporting character rather than the lead. These films, too, weren’t box-office smashes like his films up to and including Batman had been.

    One of his best performances of the 2000s was in the David Mamet film Spartan (2004). Kilmer plays a retired marine corps sergeant in a good leading turn. He gave a muscular performance that still had a soulful melancholy at its heart, which can be seen in a lot of his roles. He plays action figures who are tough and macho on the outside, but have a melancholy just below the surface.

    Although he never reprised his role as Bruce Wayne, a fitting coda for Kilmer’s career was the long-awaited sequel Top Gun: Maverick (2022), in which he gives a cameo as an ailing version of Iceman.

    Kilmer will be missed for his iconic roles as the quintessential performer of the late 1980s and ’90s. In 2021, a documentary about Kilmer, Val, was released, based on decades of archive footage. I would recommend it to audiences who want to know more about the man, his life, his career and his health battles over the past decades.

    Aaron Humphrey 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. Val Kilmer’s macho action figures held a melancholy just below the surface – https://theconversation.com/val-kilmers-macho-action-figures-held-a-melancholy-just-below-the-surface-253631

    MIL OSI Analysis – EveningReport.nz –

  • MIL-OSI NGOs: Speeding backwards: Greenpeace slams Coalition commitment to neuter vehicle efficiency standards

    Source: Greenpeace Statement –

    MELBOURNE, 2 APRIL 2025–Greenpeace Australia Pacific has slammed the Coalition’s promise to neuter the New Vehicle Efficiency Standard (NVES) by removing fines from the scheme as policy that bends the knee to the petrol car lobby while costing Australians and increasing carbon pollution

    “The NVES finally brought Australia onto the same playing field as other major countries, which have strong standards for the efficiency of cars. Sabotaging this policy by removing penalties shunts us to the back of the pack once again,” said Joe Rafalowicz, Head of Climate and Energy, Greenpeace Australia Pacific. 

    “Removing the thing that makes the NVES an effective policy—penalties for car importers insistent on dumping their most polluting cars in Australia—is a capitulation to the petrol car lobby and overseas companies like Mitsubishi Motors, at the expense of Australian drivers and businesses. 

    “The NVES will prevent 80 million tonnes of car-related carbon pollution from entering our atmosphere by 2035—as much as the entire state of Victoria emits in a year.

    “Emissions from petrol and diesel cars constitute a third of all greenhouse gases in Australia, and the sector is on track to be the top polluter in our economy. There are already low-emissions vehicles for sale around the world that address this challenge. 

    “Giving foreign car companies a free pass to continue selling polluting cars in Australia, which they cannot sell anywhere else, pushes the burden of reducing emissions onto other Australian industries and businesses. 

    “This ill-considered policy U-turn, which flies in the face of a mountain of evidence from around the world on the benefits of strong efficiency standards, will also make it harder for Australians to access more affordable, cheaper-to-run electric cars. 

    “It will keep more polluting cars on our roads for longer, prolonging Australians’ exposure to toxic tailpipe emissions while other countries move quickly towards cleaner, safer cars on their streets. 

    “Removing fines from the NVES and making it essentially unenforceable is like selling a car without brakes, and simply hoping it will stop when needed. Instead of removing this important enforcement mechanism, it is important to ensure that Australia’s car industry stays the course towards lower emissions, and cleaner, more affordable cars.

    “Greenpeace Australia Pacific fought hard to secure this essential legislation, which brought Australia in line with other major economies. We will resist the Coalition’s plans to neuter this legislation every step of the way.” 

    —ENDS—
    For more information or to arrange an interview, please contact Vai Shah on 0452 290 082 / [email protected].

    MIL OSI NGO –

  • MIL-OSI NGOs: Week 3 of “Dirty Dems” campaign exposes the Rubio sisters

    Source: Greenpeace Statement –

    WEST COVINA, CA — (April 1, 2025) As part of the ongoing “Dirty Dems” campaign, Greenpeace USA, in collaboration with the California Working Families Party and Courage California, continues to hold California State legislators accountable for their damaging connections to the oil and gas industry and their failure to support critical climate, economic justice, and progressive priorities.

    This week, the spotlight is on Senator Susan Rubio and Assembly Member Blanca Rubio, who represent Southern California districts, including West Covina, Ontario, Pomona, Baldwin Park, and Glendora. Both have failed to take meaningful action to protect their communities from the harmful impacts of the oil and gas industry after receiving substantial campaign contributions from fossil fuel interests.

    Amy Moas, Ph.D., Greenpeace USA Senior Climate Campaigner, said: “Senator Susan Rubio and Assembly Member Blanca Rubio are textbook examples of ‘Dirty Dems’ who have chosen corporate donors over the people they are supposed to represent. Their failure to take decisive action on critical climate, health, and economic justice issues is a betrayal of their constituents and the values we need in our leaders.”

    Senator Susan Rubio

    Senator Susan Rubio, representing the 22nd Senate District in Southern California, has been serving in the California State Legislature since 2018. During her time in office, Rubio has accepted over $116,000 in campaign contributions from the oil and gas industry, with $74,500 coming in the most recent legislative session alone. She was initially elected with the help of an independent campaign fueled by more than $2.8 million in oil money, illustrating the extent of her ties to the fossil fuel industry.

    Senator Rubio has a troubling pattern of abstaining from votes on key environmental justice and progressive priority bills. Her failure to take a stand on critical climate and public health issues, such as SB 1137 (a bill to reduce pollution from oil drilling in neighborhoods) and AB 1167 (a bill to ensure oil companies pay to clean up idle wells), shows her disregard for the health and safety of her constituents.

    Despite fluctuating scores across some progressive scorecards, Rubio has earned failing grades from groups like Courage California, Sierra Club, and California Environmental Justice Alliance during her time in office. In fact, she consistently scored among the very lowest of Democrats in the State Legislature on California Environmental Voters scorecard every year since first being elected.

    Assembly Member Blanca Rubio “Big Oil Blanca”

    Assembly Member Blanca Rubio, representing the 48th District of Los Angeles’ eastern San Gabriel Valley, has taken over $240,000 in campaign contributions from the oil and gas industry, including $45,000 in the most recent session. In addition, she has accepted gifts, including sponsored travel from the California Independent Petroleum Association, an industry trade group. These financial ties have earned her the nickname “Big Oil Blanca” from critics.

    Assembly Member Rubio has earned failing grades from environmental and progressive organizations year after year. Since 2019, she has consistently received F grades from Courage California, California Environmental Voters, and the Sierra Club. She has also never scored higher than a D on the California Environmental Justice Alliance scorecard.

    Blanca Rubio has purposefully skipped votes on critical bills aimed at reducing harmful pollutants, such as AB 674, which would address air quality issues related to asthma and cancer-causing chemicals, and SB 1137, which would regulate the harmful impacts of oil drilling in residential areas. Her absences extend to key economic justice measures as well, including bills like AB 2584, which would limit big corporate control of housing, and AB 2666, which would protect Californians from inflated utility rates.

    Holding the Rubio Sisters Accountable

    Both Senator Susan Rubio and Assembly Member Blanca Rubio are the third and fourth Dirty Dems to be named, joining Stephanie Nguyen and Mike Gipson on the growing list. These Dirty Dems have repeatedly chosen to prioritize corporate donations over the well-being of their constituents, but this campaign  will continue to expose these harmful practices and demand that these legislators be held accountable for their repeated failure to act to protect the communities they represent.

    Contact: Gigi Singh, Communications Manager at Greenpeace USA
    (+1)  631-404-9977, [email protected]  

    Greenpeace USA is part of a global network of independent campaigning organizations that use peaceful protest and creative communication to expose global environmental problems and promote solutions that are essential to a green and peaceful future. Greenpeace USA is committed to transforming the country’s unjust social, environmental, and economic systems from the ground up to address the climate crisis, advance racial justice, and build an economy that puts people first. Learn more at www.greenpeace.org/usa.

    MIL OSI NGO –

  • MIL-OSI Banking: Asian Development Blog: Stronger Penalties and Timely Targets Could Make Sustainability-Linked Bonds More Effective

    Source: Asia Development Bank

    New research highlights structural flaws in sustainability-linked bonds that weaken their ability to promote meaningful environmental and social outcomes.

    Sustainability-linked bonds are gaining attention as a way to encourage companies to meet environmental goals. This matters because private sector participation is crucial to achieving meaningful progress on sustainability challenges.

    Sustainability-linked bonds contain financial incentives which encourage issuers to fulfill pre-specified targets. 

    Linking financial performance to sustainability outcomes enables the bonds to enhance issuer accountability and mitigate concerns about greenwashing. Most sustainability-linked bonds include a built-in financial penalty: if the issuer doesn’t meet certain environmental or social goals by a set date, they have to pay higher interest on the bond.

    But such financial incentives work only if they are sizable enough to influence the behavior of bond issuers. Unfortunately, evidence indicates that this is not always the case. The average penalty adds less than 12% to the interest rate. 

    Our research found that late penalties and the option for issuers to repay bonds early may weaken the impact of sustainability-linked bonds.

    The sustainability target dates of many bonds are set close to the end of the bond’s maturity. This means that only a few remaining payments are subject to the financial penalties for noncompliance. Compared to target dates that are farther away from maturity, this reduces the financial consequences of failing to meet sustainability targets.

    Private sector participation is crucial to achieving meaningful progress on sustainability challenges.

    The problem is compounded by the fact that bonds with higher step-up penalties tend to have later target dates. To improve accountability, sustainability-linked bonds should incorporate multiple interim targets throughout the bond’s life so that financial incentives remain in place throughout.

    Many of the bonds also contain call options that allow issuers to minimize or even avoid penalties altogether. Call options allow the issuer to redeem their bonds before sustainability target dates, which can effectively nullify the penalties for failing to meet the targets. 

    Sustainability-linked bonds are five times more likely to be callable than conventional corporate bonds. According to our research, 64.9% of sustainability-linked bonds are callable—meaning issuers can redeem them before maturity—compared to corporate green bonds (23.0%) and corporate non-green bonds (12.0%). 

    This suggests that issuers of sustainability-linked bonds may be more likely to retain the option of early repayment, which could potentially reduce the effectiveness of these bonds in promoting long-term sustainability commitments.

    Moreover, most callable sustainability-linked bonds impose no financial penalty for early redemption even if sustainability targets are unmet, further undermining their credibility.  Applying sizable penalties if bonds are called early can thus significantly strengthen the financial incentives embedded in the bonds.

    Setting more timely sustainability target dates and imposing larger penalties for early redemption would significantly strengthen the bonds as credible and effective financial instruments for promoting sustainable outcomes. 

    Further, financial regulators should mandate the disclosure of sustainability-linked bonds structural features while external reviewers expand their scope to the financial incentives and sustainability targets.  Strengthening the bonds in this manner will strengthen their intended role of mobilizing capital for sustainable impacts. 

    As billions of dollars flow into sustainable investments, investors, regulators, and the public must demand that these tools do more than sound good on paper—they must drive real, measurable progress.

    MIL OSI Global Banks –

  • MIL-OSI United Kingdom: Change to earnings limit for carers

    Source: Scottish Government

    Please see media release announcing increase in earnings limit for Carer Support Payment.

    Change to earnings limit for carers  

    More unpaid carers set to benefit from Carer Support Payment.

    More unpaid carers in Scotland could benefit from financial support as a key change in eligibility rules comes into effect from 6 April 2025.

    The earnings limit for Carer Support Payment will increase from £151 to £196 a week. This means that a carer can earn £45 more a week, after tax, National Insurance and certain expenses, and be eligible for the payment.

    The change could mean carers already receiving Carer Support Payment will be able to undertake more paid work and still receive the payment. In addition, many carers earning a take home pay of £10,192 or less a year, who were previously unable to access the additional support could now be eligible.

    To receive Carer Support Payment of £83.30 a week, carers also need to be providing 35 hours or more of care a week to someone who receives a qualifying disability benefit.

    Carer Support Payment is replacing Carer’s Allowance in Scotland, delivered by the UK Government’s Department for Work and Pensions (DWP).

    Social Justice Secretary, Shirley-Anne Somerville said: “The Scottish Government proposed back in 2022 to raise the earnings limit for Carer Support Payment once fully launched. This was on the back of strong feedback from carers and support organisations that the previous limit was set too low.

    “The increase puts the earnings limit at a level which equates to 16 hours at the national living wage. Alongside other improvements we have made, this should help more carers to balance paid work with caring and provide more stable financial support.

    “The Scottish Government remains committed to ensuring everyone gets the financial support they’re entitled to, despite the UK Government’s recent announcement on changes to welfare.”

    Fiona Collie, Head of Public Affairs and Communication at Carers Scotland said: “Carers Scotland welcomes the increase in the earnings threshold to £196 which will support more unpaid carers to earn more from paid employment alongside their Carer Support Payment. This change will also enable more carers to claim Carer Support Payment.

    The new threshold amount applies once a carer has taken away deductions for tax, national insurance and half of any pension contribution. Carers may also be able to deduct some of the costs to provide care whilst you are working.

    We would encourage all carers in employment or who are thinking about returning to employment to find out more about Carer Support Payment and the earnings threshold from Social Security Scotland or their local carers centre or advice agency.”

    Background

    • Carer Support Payment is a payment of £83.30 a week from 6 April 2025 and is available to carers who are aged 16 or over and who provide unpaid care for 35 hours or more a week to someone who receives a qualifying disability benefit. Carers need to earn £151 a week (increasing to £196 a week from 6 April 2025) or less after tax, National Insurance and certain expenses. The earnings limit for carers in Scotland who are getting Carer’s Allowance will also increase to £196. Carers getting Carer’s Allowance in Scotland will have their benefits transferred automatically to Carer Support Payment. This process is due to complete this spring.
    • Improvements made to Carer Support Payment includes making the earnings rules clearer, assessing eligibility based on average earnings where carers have earnings that vary to provide more stable support, and using information from the HMRC and planned reviews to check and track earnings. Find out more at If you work – mygov.scot Many carers in education are also eligible for Carer Support Payment. Find out more at If you study – mygov.scot

    Carer’s Allowance Supplement is an extra payment for eligible unpaid carers who are getting Carer Support Payment or Carer’s Allowance on two qualifying dates. The payment is made twice a year and is unique to Scotland. Each payment of Carer’s Allowance Supplement in 2025 will be £293.50. It is paid automatically without the need to apply.  

    Young Carer Grant  is available for carers aged 16, 17 or 18 who provide support for an average of 16 hours a week to someone receiving a qualifying disability benefit. It is a yearly payment of £390.25 from 1 April 2025 and the money can be spent on whatever the young person wants.  

    Information on other support for carers, such as wider financial support, wellbeing support and short breaks from caring, can be found at Help if you’re a carer – mygov.scot 

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: Have your say on student accommodation

    Source: City of Norwich

    Published on Tuesday, 1st April 2025

    City residents are being asked to have their say on student accommodation in Norwich.

    Norwich City Council is seeking views on its new Supplementary Planning Document (SPD) concerning student accommodation within the city through Get Talking Norwich.

    A council spokesperson, said: “Norwich is home to two thriving universities, the University of East Anglia and Norwich University of the Arts, both of which are significant contributors to the local economy and are projected to continue their growth.

    “Over the past decade, a substantial amount of student accommodation has been developed, primarily within the city centre.  

    “We recognise the valuable contribution purpose built student accommodation makes to the housing market of Norwich alongside other forms of accommodation. However, we believe there is enough existing and planned student accommodation supply to meet the city’s needs until 2038.”

    The SPD also gives advice on the design of student accommodation, how it should be managed and where in the city they have been built.

    To get involved and make your views known on the SPD go to https://gettalking.norwich.gov.uk/pbsa

    MIL OSI United Kingdom –

  • MIL-OSI Europe: Euro area bank interest rate statistics: February 2025

    Source: European Central Bank

    2 April 2025

    Bank interest rates for corporations

    Chart 1

    Bank interest rates on new loans to, and deposits from, euro area corporations

    (percentages per annum)

    Data for cost of borrowing and deposit interest rates for corporations (Chart 1)

    The composite cost-of-borrowing indicator, which combines interest rates on all loans to corporations, decreased in February 2025. The interest rate on new loans of over €1 million with a floating rate and an initial rate fixation period of up to three months decreased by 27 basis points to 3.92%. The rate on new loans of the same size with an initial rate fixation period of over three months and up to one year fell by 11 basis points to 3.77%. The interest rate on new loans of over €1 million with an initial rate fixation period of over ten years decreased by 16 basis points to 3.44%. In the case of new loans of up to €250,000 with a floating rate and an initial rate fixation period of up to three months, the average rate charged stayed almost constant at 4.37%.
    As regards new deposit agreements, the interest rate on deposits from corporations with an agreed maturity of up to one year fell by 17 basis points to 2.50% in February 2025. The interest rate on overnight deposits from corporations fell by 4 basis points to 0.72%.
    The interest rate on new loans to sole proprietors and unincorporated partnerships with a floating rate and an initial rate fixation period of up to one year remained broadly unchanged at 4.55%.

    Table 1

    Bank interest rates for corporations

    i.r.f. = initial rate fixation
    * For this instrument category, the concept of new business is extended to the whole outstanding amounts and therefore the business volumes are not comparable with those of the other categories. Outstanding amounts data are derived from the ECB’s monetary financial institutions balance sheet statistics.

    Data for bank interest rates for corporations (Table 1)

    Bank interest rates for households

    Chart 2

    Bank interest rates on new loans to, and deposits from, euro area households

    Data for cost of borrowing and deposit interest rate for households (Chart 2)

    The composite cost-of-borrowing indicator, which combines interest rates on all loans to households for house purchase, increased in February 2025. The interest rate on loans for house purchase with a floating rate and an initial rate fixation period of up to one year decreased by 6 basis points to 4.00%. The rate on housing loans with an initial rate fixation period of over one and up to five years rose by 4 basis points to 3.53%. The interest rate on loans for house purchase with an initial rate fixation period of over five and up to ten years increased by 49 basis points to 3.37%. The rate on housing loans with an initial rate fixation period of over ten years rose by 12 basis points to 3.09%, driven by both the interest rate and the weight effects. In the same period the interest rate on new loans to households for consumption decreased by 7 basis points to 7.58%.
    As regards new deposits from households, the interest rate on deposits with an agreed maturity of up to one year decreased by 14 basis points to 2.19%. The rate on deposits redeemable at three months’ notice fell by 19 basis points to 1.53%. The interest rate on overnight deposits from households remained broadly unchanged at 0.32%.

    Table 2

    Bank interest rates for households

    i.r.f. = initial rate fixation
    * For this instrument category, the concept of new business is extended to the whole outstanding amounts and therefore the business volumes are not comparable with those of the other categories; deposits placed by households and corporations are allocated to the household sector. Outstanding amounts data are derived from the ECB’s monetary financial institutions balance sheet statistics.
    ** For this instrument category, the concept of new business is extended to the whole outstanding amounts and therefore the business volumes are not comparable with those of the other categories. Outstanding amounts data are derived from the ECB’s monetary financial institutions balance sheet statistics.

    Data for bank interest rates for households (Table 2)

    Further information

    The data in Tables 1 and 2 can be visualised for individual euro area countries on the bank interest rate statistics dashboard. Additionally, tables containing further breakdowns of bank interest rate statistics, including the composite cost-of-borrowing indicators for all euro area countries, are available from the ECB Data Portal. The full set of bank interest rate statistics for both the euro area and individual countries can be downloaded from ECB Data Portal. More information, including the release calendar, is available under “Bank interest rates” in the statistics section of the ECB’s website.

    For media queries, please contact Nicos Keranis, tel.: +49 69 1344 7806

    Notes:

    • In this press release “corporations” refers to non-financial corporations (sector S.11 in the European System of Accounts 2010, or ESA 2010), “households” refers to households and non-profit institutions serving households (ESA 2010 sectors S.14 and S.15) and “banks” refers to monetary financial institutions except central banks and money market funds (ESA 2010 sector S.122).
    • The composite cost-of-borrowing indicators are described in the article entitled “Assessing the retail bank interest rate pass-through in the euro area at times of financial fragmentation” in the August 2013 issue of the ECB’s Monthly Bulletin (see Box 1). For these indicators, a weighting scheme based on the 24-month moving averages of new business volumes has been applied, in order to filter out excessive monthly volatility. For this reason the developments in the composite cost of borrowing indicators in both tables cannot be explained by the month-on-month changes in the displayed subcomponents. Furthermore, the table on bank interest rates for corporations presents a subset of the series used in the calculation of the cost of borrowing indicator.
    • Interest rates on new business are weighted by the size of the individual agreements. This is done both by the reporting agents and when the national and euro area averages are computed. Thus changes in average euro area interest rates for new business reflect, in addition to changes in interest rates, changes in the weights of individual countries’ new business for the instrument categories concerned. The “interest rate effect” and the “weight effect” presented in this press release are derived from the Bennet index, which allows month-on-month developments in euro area aggregate rates resulting from changes in individual country rates (the “interest rate effect”) to be disentangled from those caused by changes in the weights of individual countries’ contributions (the “weight effect”). Owing to rounding, the combined “interest rate effect” and the “weight effect” may not add up to the month-on-month developments in euro area aggregate rates.
    • In addition to monthly euro area bank interest rate statistics for February 2025, this press release incorporates revisions to data for previous periods. Hyperlinks in the main body of the press release lead to data that may change with subsequent releases as a result of revisions. Unless otherwise indicated, these euro area statistics cover the EU Member States that had adopted the euro at the time to which the data relate.
    • As of reference period December 2014, the sector classification applied to bank interest rates statistics is based on the European System of Accounts 2010 (ESA 2010). In accordance with the ESA 2010 classification and as opposed to ESA 95, the non-financial corporations sector (S.11) now excludes holding companies not engaged in management and similar captive financial institutions.

    MIL OSI Europe News –

  • MIL-OSI: Notice to convene Annual General Meeting

    Source: GlobeNewswire (MIL-OSI)

    Company announcement no. 3/2025

    According to Art. 9.1 of the Articles of Association, notice is hereby given of the Annual General Meeting of Columbus A/S to be held on:

    Tuesday 29 April 2025 at 10.00
    at Columbus, Lautrupvang 6, 2750 Ballerup

    Agenda:

    1. Board of Directors’ report on the business of the Company during the past year.

    2. Presentation and approval of the Annual Report.

    3. Resolution on the appropriation of profit or covering of loss as recorded in the adopted Annual Report.

    4. Presentation of and indicative ballot on the Remuneration Report.

    5. Proposal to authorize the Board of Directors to acquire for the Company up to 10 per cent of the Company‘s share capital

    6. Election of members of the Board of Directors

    7. Election of one or two state authorized public accountants as auditors.

    7.1. Election of state authorized public accountants as auditors
    7.2. Election of state authorized public accountants as sustainability auditors

    8. Any other business

    Full wording of proposals

    Re. item 1:
    The Board of Directors proposes that the General Meeting takes note of the Board of Director’s report on the business of the Company during the past year.

    Re. item 2:
    The Board of Directors recommends that the Annual Report 2024 be approved.

    Re. item 3:
    The Board of Directors proposes that the General Meeting approves the Board of Directors’ proposal for the allocation of profit as stated in the Annual Report for 2024, including distribution of an ordinary dividend to shareholders of DKK 0.125 per share of DKK 1.25 (nom.), corresponding to total dividends of DKK 16,159,533.

    Re. item 4:
    The Board of Directors recommends that the General Meeting approves the Remuneration Report.

    Re. item 5:
    The Board of Directors proposes that the General Meeting authorizes the Board of Directors for a period of 18 months from the date of the General Meeting to acquire for the Company up to 10 per cent of the Company‘s share capital against payment which shall not deviate more than 10 per cent up or downwards from the latest listed price of the shares at Nasdaq Copenhagen prior to the acquisition.

    Re. item 6:
    The Board of Directors proposes re-election of the following Board members:

    Ib Kunøe
    Sven Madsen
    Peter Skov Hansen
    Karina Kirk
    Per Kogut

    For further information about the individual Board members, see Appendix 1.

    Re. item 7.1:
    The Board of Directors recommends that Pricewaterhousecoopers Statsautoriseret Revisionspartnerselskab, CVR-no. 33 77 12 31 be re-elected in accordance with the recommendation from the Audit Committee. The Audit Committee has not been influenced by third parties and has not been subjected to any agreement with third parties which limits the General Meeting’s election of certain auditors or auditing firms.

    Re. item 7.2:
    The Board of Directors recommends that Pricewaterhousecoopers Statsautoriseret Revisionspartnerselskab, CVR-no. 33 77 12 31 be elected to provide a statement on sustainability reporting in the management’s review in accordance with the recommendation from the Audit Committee. The Audit Committee has not been influenced by third parties and has not been subjected to any agreement with third parties which limits the General Meeting’s election of certain auditors or auditing firms.

    Adoption requirements
    For adoption of the proposals under the items 2, 3, 4, 5, 6 and 7 on the agenda simple majority is required.

    Registration date
    The date of registration is 22 April 2025, at 23:59 CET.
    Only shareholders who possess shares in the Company at the expiration of the registration date are entitled to participate and vote at the Annual General Meeting. On expiry of the date of registration, the shares held by each of the Company‘s shareholders on the date of registration date is determined on the basis of the shares registered in the register of shareholders and duly evidenced notifications to the Company of share acquisitions not yet entered in the register of shareholders, but received by the Company before expiry of the date of registration.

    Participation is furthermore conditional on the shareholder‘s punctual requisitioning of an admission card as described below.

    Procedure for participating in and voting at the Company’s Annual General Meeting
    Requisition of admission cards:
    digitally via the Shareholder Portal on the Company’s website: cgr@columbusglobal.com.

    Registration must reach Computershare A/S or the Company no later than Friday 25 April 2025 at 23:59 CET.

    Ordered admission cards will be sent out by e-mail. This requires that your email address is registered on the Shareholder Portal, or that you register your e-mail address when ordering admission card via the Shareholder Portal. After registration, you will receive an electronic admission card. Bring your electronic version on your smartphone or tablet. If you have forgotten your admission card for the general meeting, it can be obtained against presentation of appropriate proof of identification. Ballot papers will be handed out at the entry point at the General Meeting.

    Proxies:
    Proxies can be granted:
    digitally via the shareholder portal on the Company’s website: Information from the Company

    No later than 7 April 2025 the following information will be available to the shareholders at the Company’s website

    By the notice to convene annual general meeting Columbus A/S has registered a share capital of nominal DKK 161,595,330, corresponding to 129,276,264 shares of nominal DKK 1.25. Each share of nominal DKK 1.25 provides 1 vote.

    Ballerup, April 2nd, 2025
    Board of Directors, Columbus A/S

    Appendix 1: Election of members to the Board of Directors 

    Election of members to the Board of Directors and recruitment criteria
    Pursuant to Columbus A/S’ Articles of Associations, the Board of Directors must consist of 3-7 members to be elected by the general meeting for a term of one year.

    When nominating new Board members, management experience, professional and financial competencies needed to ensure that the Board has the necessary competencies to be able to manage the interests of the Company and thereby the shareholders are carefully assessed.

    Besides competencies and qualification, new candidates are selected on the basis of criteria such as the need for seniority, renewal and diversity.

    The Company’s Articles of Association do not include restrictions concerning the number of times a member is allowed to be re-elected to the Board of Directors. Seniority in itself is not a crucial criterion, but the Board of Directors finds that long seniority and thereby extensive experience for part of the Board members is highly beneficial to the company. Seniority combined with continuous renewal ensure a broad-based composition of the Board of Directors.

    Gender, age and nationality are not qualifications alone, but are part of the total assessment of the competencies of a board candidate.

    Information about proposed candidates
    Below, competencies and directorships in other companies are described for each of the proposed candidates.

    It is the Board of Director’s assessment that the proposed candidates represent the necessary competencies in the Board of Directors to ensure that the size, composition and competencies of the Board of Directors is such that constructive discussions and efficient decision-making process can be ensured during Board meetings.

    Ib Kunøe
    Born 1943
    Chairman of the Board
    Member of the Board since 2004, re-elected in 2024
    Does not fulfill the Committee of Corporate Governance definition of independency

    Education:
    Holds an HD Graduate Diploma in Organisation and Management as well as a background as a professional officer (major).

    Chairman of the Board for:
    Consolidated Holdings A/S, X-Yachts A/S, X-Yachts Marina A/S, CALUM Ballerup K/S, CALUM Åbyhøj K/S, CALUM Værløse K/S, CALUM Rødovre K/S, Komplementarselskabet Åbyhøj ApS, Komplementarselskabet Værløse ApS, Komplementarselskabet Rødovre ApS, Komplementarselskabet Ballerup ApS

    Member of the Board for:
    Atrium Partner A/S

    Special competencies:
    Company management, including management of IT companies, development of and dealing with companies.

    Sven Madsen
    Born 1964
    Member of the Board since 2007, re-elected in 2024
    CFO in Consolidated Holdings A/S
    Member of the Audit Committee
    Does not fulfill the Committee of Corporate Governance definition of independency

    Education:
    Holds a Graduate Diploma in Financial and Management Accounting and an MSc in Business Economics and Auditing

    Chairman of the Board for:
    Atea ASA, CHV III ApS, Dansk Emballage A/S

    Member of the Board for:
    Consolidated Holdings A/S, core:workers AB, core:workers Holding A/S, X-Yachts A/S,  X-Yachts Marina A/S, Ejendomsaktieselskabet af 1920 A/S, DAN-Palletiser Finans A/S, MonTa Biosciences ApS.

    Special competencies:
    General management, M&A, business development, economic and financial issues.

    Peter Skov Hansen
    Born 1951
    Member of the Board since 2012, re-elected in 2024
    Chairman of the Audit Committee
    Transitioning from being independent to no longer fulfilling the Committee of Corporate Governance’s definition of independence due to the duration of the board tenure exceeding 12 years.

    Education:
    Completed State Authorized Public Accountant education in 1980, registered as non-practicing 

    Member of the Board for:
    X-Yachts A/S

    Special competencies:
    Business development and financial, accounting and tax related issues.

    Karina Kirk
    Born 1971
    Member of the Board since 2018, re-elected in 2024
    Owner of KIRK & CO., Executive and board advisory
    Fulfills the Committee of Corporate Governance definition of independency

    Education:
    Holds a Master of Science in International Business Administration (1996), NYU Stern School of Business, MBA selected classes (1994), Executive, Board Leadership and Governance (2017)

    Member of the Board for:
    Ringsted Olie A/S, BRO Kommunikation A/S

    Special competencies:
    General management, management of consulting companies, market and customer leadership, business development and business transformation.

    Per Kogut
    Born 1964
    Member of the Board since 2022, reelected in 2024
    Fulfills the Committee of Corporate Governance definition of independency

    Education:
    Per Kogut holds a Master, Public Administration & IT science from the University of Copenhagen.

    Chairman of the Board for:
    Digital Hub Denmark

    Member of the Board for:
    Loyal Solutions A/S, Loyal Solutions A/S, Enhance TopCo A/S, Enhance BidCo ApS, Relatable Consulting A/S and Automize A/S

    Special competencies:
    General management, management of consulting companies, market and customer leadership and business development.

    Attachment

      SE_03_2025_Notice_to_convene_Annual_General_Meeting

    The MIL Network –

  • MIL-OSI Global: Europeans have more flexible views on how to respond to irregular migrants than policymakers think – new research

    Source: The Conversation – France – By Martin Ruhs, Professor of Migration Studies, European University Institute

    With an estimated minimum of 2.6 to 3.2 million irregular migrants in Europe and fierce public debates about them, policymakers face the difficult question of how to ensure migrants’ basic rights of protection from exploitation, destitution and ill health while also establishing effective migration controls. However, we know surprisingly little about how Europeans think about this policy dilemma.

    In our study, the first of its kind in Europe, we surveyed 20,000 people across Austria, Italy, Poland, Sweden, and the UK to understand their preferences on policies regarding access to healthcare, social welfare and labour protections, as well as the obtainment of regular legal status or “regularisation” for irregular migrants.

    The results challenge the idea that public attitudes toward irregular migrants’ rights are simply “for” or “against”. Instead, we find that variations in policy design matter – and when policies include both migration controls and protections for migrants, public support often increases.

    Our method

    To study public preferences for policies relating to irregular migrants, we conducted a conjoint survey experiment. In it, respondents were presented with different multidimensional “policy packages” that randomly varied in how they regulated opportunities for regularisation, as well as legal rights to access primary health care, financial support in low-income situations, and back pay of withheld wages.

    Respondents were shown two policy packages at a time, and then asked to rate and indicate which of the two they preferred. For each respondent, this process was repeated five times. This method allowed us to study how a change in a particular policy feature – e.g., a change in how access to primary healthcare is regulated – affects individuals’ support for the overall policy package.

    So, what do Europeans think? Here are some of our key results.

    • People favour selective regularisation

    Our results suggest that the public prefers targeted pathways for regularisation for irregular migrants. Across all five countries we analysed, respondents consistently preferred policies that allow irregular migrants to acquire legal status based on certain conditions, including a clean criminal record and a minimum length of stay in the host country. Somewhat surprisingly, there was no consistent preference between a five-year or ten-year minimum residence period.

    • Healthcare gets more support than financial assistance

    We found that giving irregular migrants access to healthcare is far less controversial than giving access to financial support for those living on low incomes. This aligns with findings from the US, where such support has remained politically divisive.

    • Some migration controls boost support for access to rights – but not all rights

    We also found greater support for irregular migrants receiving health care and back pay for withheld wages when these rights were linked to a migration control measure: obligations for public sector employees to report irregular migrants to authorities.

    This suggests, as existing literature highlights, that many people experience an internal conflict between humanitarian concerns and a desire for stricter migration controls.

    However, the pattern in our data does not hold for all rights: even when combined with reporting obligations, the provision of cash assistance for irregular migrants still does not generate public support.

    • A preference for essential workers

    Not all irregular migrants are viewed equally: our findings show that people are more supportive of rights and regularisation opportunities for migrants who previously worked legally in the host country – especially in essential roles like elder care. This reflects broader research on attitudes toward welfare deservingness, which found that public perception of migrants’ past contributions to society shape views on whether they should get access to rights.

    How do attitudes differ across countries?

    While there are many similarities in public views on regularisation opportunities and access to rights for irregular migrants across the countries we studied, there are also some notable differences. For example, support for providing primary healthcare varied: respondents in the UK were the least supportive, and respondents in Italy were the most. Similarly, while respondents in most countries opposed the provision of low-income support, Italian respondents were more ambivalent, showing no strong preference for or against this right for irregular migrants.

    Overall, respondents in Italy showed the greatest preferences for inclusive policies, including the strongest support for allowing irregular migrants to apply for legal status. While our analysis does not investigate the reasons for this, it may reflect Italy’s history of regularisation programmes in recent decades, which may have made Italian respondents more open to and supportive of such programmes.

    Rethinking public attitudes about irregular migrants

    Public attitudes matter – they influence which policies are feasible and sustainable over time. Our research shows that EU and UK residents don’t default to blunt and one-sided policies such as blanket opposition to irregular migrants ever gaining legal status. Instead, people are selective, and prefer policies that distinguish between giving irregular migrants different types of rights. People also have specific views about when and why irregular migrants should have access to healthcare, social welfare, labour protections and legal status.

    This does not mean that survey respondents wanted to offer unconditional legal status and access to rights to all irregular migrants. Instead, respondents often preferred an approach that combines selective access to rights with enforcement of migration rules. What our study indicates is that the public has more nuanced views on how migration should be managed than policymakers generally give them credit for. This suggests there may be more room for selective and inclusive policymaking than often assumed.

    This article is based on a research paper co-authored by Lutz Gschwind (Uppsala University, UU), Martin Ruhs (EUI), Anton Ahlén (UU) and Joakim Palme (UU). The paper is part of the international “PRIME” project that analyses the conditions of irregular migrants in Europe. PRIME is funded by the European Union Horizon Europe programme. Views and opinions expressed, however, are those of the authors only and do not necessarily reflect those of the EU or the European Research Executive Agency. Neither the EU nor the granting authority can be held responsible for them.

    The author has received support from the European Union Horizon Europe funding programme for research and innovation (project number 101095113).

    – ref. Europeans have more flexible views on how to respond to irregular migrants than policymakers think – new research – https://theconversation.com/europeans-have-more-flexible-views-on-how-to-respond-to-irregular-migrants-than-policymakers-think-new-research-253473

    MIL OSI – Global Reports –

  • MIL-OSI Europe: Protecting EU institutions: OLAF investigations into EU funds misuse in Parliament feed into Paris verdict

    Source: European Anti-Fraud Offfice

    Press release no.6
     

    On March 31, 2025, the Paris Correctional Court found nine Members or former Members of European Parliament and several parliamentary assistants guilty of embezzling European Union funds. Two investigations closed by the European Anti-Fraud Office (OLAF) in cooperation with the French judicial authorities fed into the verdict.  

    The OLAF investigations concluded in 2016 and 2018 uncovered suspicions of fraud and serious irregularities involving the fictitious employment of parliamentary assistants by Members of the European Parliament (MEPs) affiliated with the French political party Rassemblement National (formerly known as Front National). 

    As widely reported by the media, Marine Le Pen and other members of the same political party were persons concerned in these investigations.

    The investigations revealed serious irregularities and focused on the fictitious employment of individuals falsely listed as parliamentary assistants despite never having worked for the European Parliament. 

    In one instance, for example, the evidence gathered revealed that an assistant had been paid by the European Parliament without ever providing support to the MEP in parliamentary offices as required. Instead, this individual lived near Paris and worked for the political party exclusively.

    During its investigation, OLAF successfully coordinated with the French judicial authorities, conducting parallel inquiries to ensure all possible aspects were covered. At the request of the French judicial authorities, OLAF staff also provided assistance to the criminal police as experts under the mandate of the French prosecutor. 

    The French Public Prosecutor integrated OLAF’s findings into their ongoing judicial proceedings. OLAF’s administrative investigations also contained financial recommendations to recover over EUR 420,000 to the EU budget, along with disciplinary recommendations to the European Parliament. Following OLAF’s recommendations, the European Parliament recovered all the funds. 

    OLAF Director-General Ville Itälä said, “The European Parliament is the directly elected cornerstone of European democracy. In strong cooperation with the French Judicial Authorities, we safeguarded the integrity of the EU institutions. Taxpayers rightly expect their representatives to use their resources in line with our rules. Concerning the very few who do not: such serious misconduct, can damage both the Union’s financial interests and its reputation. OLAF will continue to fight it without fear or favour.” 

    OLAF mission, mandate and competences:
    OLAF’s mission is to detect, investigate and stop fraud with EU funds.    

    OLAF fulfils its mission by:
    •    carrying out independent investigations into fraud and corruption involving EU funds, so as to ensure that all EU taxpayers’ money reaches projects that can create jobs and growth in Europe;
    •    contributing to strengthening citizens’ trust in the EU Institutions by investigating serious misconduct by EU staff and members of the EU Institutions;
    •    developing a sound EU anti-fraud policy.

    In its independent investigative function, OLAF can investigate matters relating to fraud, corruption and other offences affecting the EU financial interests concerning:
    •    all EU expenditure: the main spending categories are Structural Funds, agricultural policy and rural development funds, direct expenditure and external aid;
    •    some areas of EU revenue, mainly customs duties;
    •    suspicions of serious misconduct by EU staff and members of the EU institutions.

    Once OLAF has completed its investigation, it is for the competent EU and national authorities to examine and decide on the follow-up of OLAF’s recommendations. All persons concerned are presumed to be innocent until proven guilty in a competent national or EU court of law.

    For further details:

    Pierluigi CATERINO
    Spokesperson
    European Anti-Fraud Office (OLAF)
    Phone: +32(0)2 29-52335  
    Email: olaf-media ec [dot] europa [dot] eu (olaf-media[at]ec[dot]europa[dot]eu)
    https://anti-fraud.ec.europa.eu
    LinkedIn: European Anti-Fraud Office (OLAF)
    Bluesky: euantifraud.bsky.social
    If you’re a journalist and you wish to receive our press releases in your inbox, pleaseleave us your contact data.
     

    MIL OSI Europe News –

  • MIL-OSI: IceMOS Technology Closes $22 Million Series E Investment to Fund Launch of New Power Semiconductor Device Technology mSJMOS

    Source: GlobeNewswire (MIL-OSI)

    PARADISE VALLEY, Ariz., April 02, 2025 (GLOBE NEWSWIRE) — Semiconductor manufacturer, IceMOS Technology Corporation today announced it has completed Series E funding from a London-based investor, 57 Stars LLC , and earlier stage USA investors.

    The company headquartered in Paradise Valley, Arizona, has a manufacturing center of excellence located in Northern Ireland, an advanced research innovation center in Arizona, and a design center in Tokyo, Japan. IceMOS Technology is an industry-leading developer of next generation silicon power devices. These products, called mSJMOSTM, are developed using a novel semiconductor technology based on IceMOS Intellectual Property of which the company holds over 70 patents. The silicon-based mSJMOSTM, exhibits a new phenomenon resulting from the integration of Silicon MEMS manufacturing techniques with mature node CMOS Super-junction Power MOSFET structures resulting in power MOSFETs that deliver dramatic semiconductor energy efficiency.

    The investment, which values IceMOS at a market capitalization of $110 million USD (£85million) post money, will enable IceMOS to increase strategic manufacturing in Northern Ireland, device design capability, applications engineering, marketing and sales worldwide as it starts preparation to launch mSJMOSTM platforms.

    “Our sensing and power technologies are paving the way for more energy-efficient and CO2-saving solutions that support decarbonization,” said Dr. Samuel J. Anderson, MBE, IceMOS Technology Founder and Chairman. “Products based on this advanced technology represents a new class of semiconductors, essential to serve the efficiency demands of the massively complex market segments like artificial intelligence (AI), internet of things (IoT), big data, renewables wind and solar, electric vehicles and aerospace applications. The merging of mSJMOSTM structures and MEMS manufacturing techniques presents a revolutionary silicon-based technology that can compete with wideband gap devices at 650 Volts, 750Volts, 900Volts, and 1200Volts.”

    IceMOS will be expanding its global workforce to more than 100 employees on post funding. IceMOS is pleased to announce that Niall Lyne has accepted the position of IceMOS Chief Operating Officer and Executive Vice President, Global Sales. Niall an Industry veteran held numerous positions with Analog Device, Inc., Intersil and more recently Renesas Electronics. In this position, he will be responsible for optimizing company objectives, operations, and revenue growth.

    The new Investors in the IceMOS Series E attended the Northern Ireland Investment Summit in September 2023 which was a collaboration by the Department for Business and Trade, the Northern Ireland Office, and Invest Northern Ireland, which hosted around 200 investors from across the world to visit Belfast with the aim of turbocharging inward investment into all corners of Northern Ireland.

    Secretary of State for Northern Ireland Hilary Benn said: “Northern Ireland’s track record of delivering innovation, its supportive business environment, competitive operating costs and the creative ingenuity of its people make it an attractive destination for businesses of all sizes to start up and scale up. Northern Ireland has huge potential for significant economic growth, so it’s great to see IceMOS secure this funding as a result of the Northern Ireland Investment Summit, leading to investment and job creation.”

    Dr. Caoimhe Archibald, Minister for the Economy, added: “IceMOS Technology’s multi-million funding success showcases the North’s strengths in advanced manufacturing and engineering. This investment highlights the confidence global investors have in the North and aligns with my vision to drive innovation, productivity, and technological advancement. The 2023 Investment Summit played a key role in showcasing the opportunities here and it’s encouraging to see significant outcomes like this. I look forward to seeing IceMOS continue to push the boundaries of semiconductor technology, creating high-value jobs in West Belfast and pioneering solutions in sectors from AI to renewable energy.”

    Bernard McGuire, Managing Director of 57 Stars LLC: “IceMOS’ new architecture for silicon semiconductors represents break-through technology for power management systems in high-growth sectors such as electric vehicles and data centers,” said Bernard McGuire, Managing Director of 57 Stars. “The hiring of industry veteran Niall Lyne both validates the strength and potential of its innovative products and enhances the management team to start scaling the business.” 57 Stars is the largest investor in this round of financing, having committed $7.5 million dollars. McGuire further commented: “Given the company sits squarely in our sustainability and technology focus sectors, 57 Stars invested in IceMOS out of multiple private equity funds we manage and are thrilled to be partnering with and supporting the Company at this pivotal moment for its growth and development.” 57 Stars was supported by EY on financial and tax due diligence, Tughans LLP and Purrington Moody Weil LLP on legal advisory, and SLR Consulting on environmental, health, and safety (EHS) due diligence assessment.

    Hugh Griffin, Chief Sales Officer (Eng Sub & Sensor Products) & Chief Strategy Officer, IceMOS Technology: “Building on our 2024 ‘Made in the UK, Sold to the World’ award, this investment will further strengthen our manufacturing excellence in Belfast, expand our global workforce, and deepen our export footprint—already serving hundreds of customers worldwide. As a leader in advanced semiconductor exports, we are poised to diversify markets, enhance R&D, and deliver cutting-edge solutions that solidify the UK’s position as a hub for high-tech innovation. Together with our investors and partners, we’re not just scaling operations; we’re powering a sustainable future.”

    About IceMOS Technology
    IceMOS is an equity-financed private Delaware semiconductor corporation and manufacturer of a new class of Silicon MEMS based Power MOSFETs and Sensing Device technology that serves wide-ranging applications anywhere that power efficiency and sensing matters. The company has a manufacturing center of excellence located in Belfast, Northern Ireland, an advanced research innovation center in Arizona, and a design center in Tokyo, Japan.

    Company and Media Contact:
    Brenda Monaghan
    Investor Relations
    IceMOS Technology
    Email: brendamonaghan@icemostech.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/5c918f39-bf4f-4b25-989a-7aade69e17eb

    The MIL Network –

  • MIL-OSI: Municipality Finance issues SEK 1 billion tap under its MTN programme

    Source: GlobeNewswire (MIL-OSI)

    Municipality Finance Plc
    Stock exchange release
    2 April 2025 at 10:00 am (EEST)

    Municipality Finance issues SEK 1 billion tap under its MTN programme

    On 3 April 2025 Municipality Finance Plc issues a new tranche in an amount of SEK 1 billion to an existing series of notes issued on 21 February 2025. With the new tranche, the aggregate nominal amount of the notes is SEK 2.5 billion. The maturity date of the benchmark is 21 February 2028. The notes bear interest at a floating rate equal to 3-month Stibor plus 150 bps per annum. 

    The notes are issued under MuniFin’s EUR 50 billion programme for the issuance of debt instruments. The offering circular, the supplemental offering circular and the final terms of the notes are available in English on the company’s website at https://www.kuntarahoitus.fi/en/for-investors.

    MuniFin has applied for the notes to be admitted to trading on the Helsinki Stock Exchange maintained by Nasdaq Helsinki. The public trading is expected to commence on 3 April 2025. The existing notes in the series are admitted to trading on the Helsinki Stock Exchange.

    Danske Bank A/S act as the Dealer for the issue of the notes.

    MUNICIPALITY FINANCE PLC

    Further information:

    Joakim Holmström
    Executive Vice President, Capital Markets and Sustainability
    tel. +358 50 444 3638

    MuniFin (Municipality Finance Plc) is one of Finland’s largest credit institutions. The owners of the company include Finnish municipalities, the public sector pension fund Keva and the State of Finland. The Group’s balance sheet is over EUR 53 billion.

    MuniFin’s customers include municipalities, joint municipal authorities, wellbeing services counties, joint county authorities, corporate entities under the control of the above-mentioned organisations, and affordable social housing. Lending is used for environmentally and socially responsible investment targets such as public transportation, sustainable buildings, hospitals and healthcare centres, schools and day care centres, and homes for people with special needs.

    MuniFin’s customers are domestic, but the company operates in a completely global business environment. The company is an active Finnish bond issuer in international capital markets and the first Finnish green and social bond issuer. The funding is exclusively guaranteed by the Municipal Guarantee Board.

    Read more: https://www.kuntarahoitus.fi/en/

    Important Information

    The information contained herein is not for release, publication or distribution, in whole or in part, directly or indirectly, in or into any such country or jurisdiction or otherwise in such circumstances in which the release, publication or distribution would be unlawful. The information contained herein does not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of, any securities or other financial instruments in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration, exemption from registration or qualification under the securities laws of any such jurisdiction.

    This communication does not constitute an offer of securities for sale in the United States. The notes have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”) or under the applicable securities laws of any state of the United States and may not be offered or sold, directly or indirectly, within the United States or to, or for the account or benefit of, U.S. persons except pursuant to an applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act.

    The MIL Network –

  • MIL-Evening Report: Election diary: Dutton tries to shake off Trump dust and avoid being trapped on wages

    Source: The Conversation (Au and NZ) – By Michelle Grattan, Professorial Fellow, University of Canberra

    Ahead of Donald Trump’s tariff announcement early Thursday (Australian time), the United States president has become a serious and increasing worry for Peter Dutton’s campaign. Even apart from Labor’s obvious and constant “Trump-whistling”, many voters are apparently seeing a lot of Trump dust on the opposition leader.

    Liberal strategists know how dangerous this is, given Trump’s unpopularity with Australians. So Dutton is shaping up.

    In a Sky interview aired Wednesday, Dutton positioned himself as ready to take on Trump (or anyone else) if necessary. “If I needed to have a fight with Donald Trump or any other world leader to advance our nation’s interests, I’d do it in a heartbeat,” he declared. “And I’ll put the Americans on notice and anyone else who seeks to act against our national interest.”

    It’s a measure of where things are that an Australian conservative leader is putting “the Americans on notice”.

    Anthony Albanese – who once said Trump “scares the shit out of me” – suggested his opponent was going over the top.

    “Peter Dutton will always dial things up to 11. He thinks this is a contest of who can say the most aggro things. It’s not. It’s not the way that diplomacy works.”

    When it comes to Trump’s “Liberation Day” tariff announcement – which will feed directly into the Australian campaign – it seems diplomacy hasn’t worked.

    Trade Minister Don Farrell told briefings for agricultural and industry groups on Tuesday and Wednesday he was “pessimistic”, suggesting the likelihood of a tariff of up to 20% across the board.

    Farrell indicated the Australian government had put an offer to the US, but that was rejected. Australia rejected a counter offer from the US, and resubmitted its original offer.

    At Wednesday’s briefing for the red meat industry, Farrell said, “Tomorrow might be the end of the first part of the process but we’ll continue to engage with the Americans to get these tariffs removed, as we did with the Chinese”.

    The government is preparing its response, which reportedly could involve taking the US to the World Trade Organisation. Asked about this, Albanese would not be drawn but told the ABC, “What we’re doing is supporting our US Free Trade Agreement, that says that goods and services between our two nations should be tariff-free.

    “That’s what we’re doing, supporting our agreement, holding to our word, standing up for Australia’s national interest, and calling for the United States not only to stand up for that agreement, but to stand up to their own interests as well.”

    Liberals play it cool on Albanese’s bid for real wage rise

    The Liberals had a very bad experience on wages in the 2022 election.

    Then-opposition leader Albanese said he’d “absolutely” support a wage increase to keep up with inflation, which was more than 5%.

    The Coalition went on the attack, branding him as economically irresponsible. As he campaigned in the following days, Albanese kept producing a gold coin to show how small the rise would be for those on the minimum wage. He still occasionally reprises this party trick.

    Labor is once again campaigning on wages, this time advocating a boost to real wages – that is, an increase above inflation, which is now down to 2.4%. (The submission put in on Wednesday to the Fair Work Commission went in from the Labor Party, rather than the government, because we’re in the “caretaker” period.)

    The government’s position is clever. It says the wage rise, which would cover about three million workers, should be “economically sustainable”. But it doesn’t recommend a figure.

    The Liberals a re trying to stay off the wages sticky paper. To be saying “no” in a cost-of-living election would only spell grief. Instead, they’re keeping their response vague. “We support wage increases”, Dutton said, without being specific about the government’s above-inflation pitch.

    As to a figure, “Without further economic advice from treasury and finance, our position is we want higher wages and we want to make sure we have downward pressure on costs”.

    “The prime minister is in search of a fight here,” Dutton said, a conclusion that didn’t require much perception, a fight Dutton was determined to try to side step.

    Labor’s case received some backing on Wednesday from the Australian Industry Group, which suggested a rise of 2.6%.

    The Australian Chamber of Commerce and Industry advocated a rise of no more than 2.5%. Asked what sort of difference there was between ACCI and the government, ACCI CEO Andrew McKellar said “that’s very hard to say. They are deliberately being non-specific.”

    The ABC is in the Liberals’ sights – again

    The ABC is a favourite target for many Liberals, including Dutton. In recent months he has singled out ABC reporters for attention when he didn’t like their questions.

    So would he look at its budget? Dutton is leaving the impression he likely would; moreover he is critical of the national broadcaster’s regional service, which even most Coalition MPs praise.

    “The approach that we would take is to reward excellence and where we find waste, to cut that waste.

    “And there are a lot of regional services for the ABC which I think are underdone,” he said in his Sky interview. He’d been in western Queensland this week looking at the floods “and the ABC could be a much more integral part of that community. But just having it based in Sydney or just being based in Melbourne is not helping people in outer metro areas or regional areas.”

    According to the ABC, it has about 600 employees in rural and regional Australia in 56 locations.

    Michelle Grattan 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. Election diary: Dutton tries to shake off Trump dust and avoid being trapped on wages – https://theconversation.com/election-diary-dutton-tries-to-shake-off-trump-dust-and-avoid-being-trapped-on-wages-253117

    MIL OSI Analysis – EveningReport.nz –

  • MIL-OSI China: Five cities eye globally attractive consumption

    Source: China State Council Information Office

    China will accelerate the transformation of five major cities — Shanghai; Beijing; Guangzhou, Guangdong province; Tianjin; and Chongqing — into global consumption centers on par with New York and London, and create globally attractive retail environments, as part of the country’s latest moves to boost consumption.

    The document, formulated by the Ministry of Commerce, said China aims to further expand domestic demand and promote high-standard opening-up.

    The country will actively promote the debut economy by supporting high-quality domestic and foreign brands to launch new products and exhibitions, and providing Customs clearance convenience for new imported products.

    The government will support the holding of events such as fashion weeks and car expos in these five cities. It will also work to attract high-quality global brands to launch their first stores, establish research and development design centers as well as regional headquarters, the document said.

    It is critical to adapt to local conditions for developing the debut economy. Shanghai has been doing well in attracting debuts of global brands in China and launching pop-up stores, the ministry said.

    In the recently delivered Government Work Report, boosting consumption was listed as a top priority among this year’s tasks.

    As part of measures to build global consumption centers, China plans to further expand its unilateral visa-free entry policy in an orderly manner, and better leverage the role of tax refund stores and tax refund policies by opening more such stores and optimizing tax refund procedures for overseas visitors.

    Since late 2023, China has launched unilateral visa-free policies for multiple countries, encouraging more overseas travelers to visit the nation. Last year, the number of inbound foreign visitors in the above-mentioned five cities doubled the 2023 figures, said the National Immigration Administration.

    “In those five cities, the number of tax refund stores for overseas visitors accounted for 60 percent in the country last year, and total sales made up for over 70 percent of the value nationwide,” said Li Gang, director-general of the department of market operation and consumption promotion of the Ministry of Commerce, during a news conference earlier in Beijing.

    Besides trendy products, foreign tourists have also favored domestic time-honored brands and specialty products. Tong Ren Tang, a venerable traditional Chinese medicine pharmacy, has seen a growing number of foreign visitors take advantage of tax refund procedures at its stores in the Qianmen area of Beijing, and the products they buy mainly include traditional Chinese patent medicines and medicinal materials.

    Compared to overseas metropolises, there is still a gap between China and developed countries. The government will guide the building of a group of featured commercial complexes, and encourage sales of more domestic trendy products at tax refund stores, the ministry said.

    In addition, China plans to organize various large-scale consumption promotion activities, support the hosting of more high-level international sporting events and performances, and increase the supply of high-quality services.

    In late March, the 2025 Formula 1 Chinese Grand Prix took place in Shanghai, attracting fans from home and abroad. The guideline noted that China plans to hold more motor racing events, foster new consumption scenarios such as recreational vehicle camping, and further expand the aftermarket consumption of automobiles.

    Meanwhile, China will encourage the innovative growth of the cruise market and low-altitude tourism. The country will also promote the application of technologies such as artificial intelligence, virtual reality and big data in the consumption market, and accelerate the promotion of smart home appliances, new energy vehicles and other smart products, the document said.

    In the first two months, total retail sales of consumer goods in China reached 8.37 trillion yuan ($1.15 trillion), up 4 percent year-on-year, with the growth rate 0.5 percentage point higher than the whole year figure last year, the ministry said.

    MIL OSI China News –