Category: Finance

MIL-OSI: Beneficient Enters into $1.91 Million GP Primary Capital Transaction

Source: GlobeNewswire (MIL-OSI)

DALLAS, June 24, 2025 (GLOBE NEWSWIRE) — Beneficient (NASDAQ: BENF) (“Ben” or the “Company”), a technology-enabled platform providing exit opportunities and primary capital solutions and related trust and custody services to holders of alternative assets through its proprietary online platform AltAccess, today announced it has closed on the financing of a $1.91 million primary capital commitment for Mendoza Ventures Growth Fund III, LP (“Fund”), a fund managed by Mendoza Ventures Growth GP III, L.L.C., LP (“Fund Manager”), an asset manager focused on investing in technology companies where there is an opportunity for innovation, modernization, and disruption.

The transaction represents Ben’s third GP Primary transaction of the fiscal year and fourth since formally launching the program in late 2024. In exchange for an interest in the Fund, the Fund received approximately $1.91 million in stated value of shares of the Company’s Resettable Convertible Preferred Stock (the “Preferred Stock”), which is convertible at the election of the holder into shares of the Company’s Class A common stock, subject to the terms and conditions of the transaction documents. As a result of the transaction, the collateral for the Company’s ExAlt loan portfolio is expected to increase by approximately $1.91 million of interests in alternative assets. Concurrently, the Company also entered into a Preferred Liquidity Provider Program Agreement with the Fund, whereby the Company may facilitate ongoing liquidity solutions for the Fund and its limited partners.

“We are excited to continue recent momentum by completing another GP primary capital transaction, our second transaction with a fund managed by the Fund Manager,” said Beneficient management. “We will continue to pursue additional opportunities that align with our strategic vision and growth objectives.”

Beneficient’s GP Primary Commitment Program is focused on providing primary capital solutions and financing anchor commitments to general partners during their fundraising efforts while immediately deploying capital into our equity. Through the program, Beneficient seeks to help satisfy the up to $330 billion of potential demand for primary commitments to meet fundraising needs.

About Beneficient
Beneficient (Nasdaq: BENF) – Ben, for short – is on a mission to democratize the global alternative asset investment market by providing traditionally underserved investors − mid-to-high net worth individuals, small-to-midsized institutions and General Partners seeking exit options, anchor commitments and valued-added services for their funds− with solutions that could help them unlock the value in their alternative assets. Ben’s AltQuote® tool provides customers with a range of potential exit options within minutes, while customers can log on to the AltAccess® portal to explore opportunities and receive proposals in a secure online environment.
Its subsidiary, Beneficient Fiduciary Financial, L.L.C., received its charter under the State of Kansas’ Technology-Enabled Fiduciary Financial Institution (TEFFI) Act and is subject to regulatory oversight by the Office of the State Bank Commissioner.

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

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

Important Information and Where You Can Find It
This press release may be deemed to be solicitation material in respect of a vote of stockholders to approve the issuance of the Company’s Class A common stock upon conversion of the Preferred Stock (the “Transactions”). In connection with the requisite stockholder approval, Ben will file with the Securities and Exchange Commission (the “SEC”) a preliminary proxy statement and a definitive proxy statement, which will be sent to the stockholders of Ben, seeking such approvals related to the Transactions.

INVESTORS AND SECURITY HOLDERS OF BEN AND THEIR RESPECTIVE AFFILIATES ARE URGED TO READ, WHEN AVAILABLE, THE PROXY STATEMENT AND ANY OTHER RELEVANT DOCUMENTS FILED OR TO BE FILED WITH THE SEC IN CONNECTION WITH THE TRANSACTIONS, AS WELL AS ANY AMENDMENTS OR SUPPLEMENTS TO THOSE DOCUMENTS, BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT BEN AND THE TRANSACTIONS. Investors and security holders will be able to obtain a free copy of the proxy statement, as well as other relevant documents filed with the SEC containing information about Ben, without charge, at the SEC’s website (http://www.sec.gov). Copies of documents filed with the SEC by Ben can also be obtained, without charge, by directing a request to Investor Relations, Beneficient, 325 North St. Paul Street, Suite 4850, Dallas, Texas 75201, or email investors@beneficient.com.

Participants in the Solicitation of Proxies in Connection with Transactions
Ben and certain of its directors, executive officers and employees may be deemed to be participants in the solicitation of proxies in respect of the requisite stockholder approvals under the rules of the SEC. Information regarding Ben’s directors and executive officers is available in its annual report on Form 10-K for the fiscal year ended March 31, 2024, which was filed with the SEC on July 9, 2024 and certain current reports on Form 8-K filed by Ben. Other information regarding the participants in the solicitation of proxies with respect to the Transactions and a description of their direct and indirect interests, by security holdings or otherwise, will be contained in the proxy statement and other relevant materials to be filed with the SEC. Free copies of these documents, when available, may be obtained as described in the preceding paragraph.

Not an Offer of Securities
The information in this communication is for informational purposes only and shall not constitute, or form a part of, an offer to sell or the solicitation of an offer to sell or the solicitation of an offer to buy any securities. The securities that are the subject of the Transactions have not been registered under the Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.

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

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

Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and, except as required by law, the Company assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise.

The MIL Network –

June 25, 2025
MIL-OSI USA: Attorney General Bonta Secures Decision Blocking the Trump Administration’s Unlawful Withholding of Billions in Funding for EV Charging Infrastructure

Source: US State of California

Tuesday, June 24, 2025

Contact: (916) 210-6000, agpressoffice@doj.ca.gov

OAKLAND – California Attorney General Rob Bonta today issued a statement on a preliminary injunction issued by the U.S. District Court for the Western District of Washington blocking the Trump Administration from unlawfully withholding billions of dollars in funding approved by bipartisan majorities in Congress for electric vehicle charging infrastructure.

“It is no secret that the Trump Administration is beholden to the fossil fuel agenda. The administration cannot dismiss programs illegally, like the bipartisan Electric Vehicle Infrastructure formula program, just so that the President’s Big Oil friends can continue basking in record-breaking profits,” said Attorney General Bonta. “We are pleased with today’s order blocking the Administration’s unconstitutional attempt to do so, and California looks forward to continuing to vigorously defend itself from this executive branch overreach.”

Background

In 2021, Congress passed the Infrastructure Investment and Jobs Act (IIJA), also known as the Bipartisan Infrastructure Law. One provision of the IIJA appropriated $5 billion for the National Electric Vehicle Infrastructure (NEVI) formula program to facilitate a national network of electric vehicle charging infrastructure across the states, making clean cars accessible and convenient for more consumers and markets.

On Day One of his administration, President Trump issued an executive order directing federal agencies to immediately stop releasing certain funds appropriated through the IIJA, including $5 billion that Congress appropriated for electric vehicle charging stations under NEVI. Following that directive, the Federal Highway Administration effectively halted the NEVI program by, among other things, illegally withholding billions in funds that Congress had directed to the states for building EV infrastructure.

Last month, Attorney General Bonta, alongside California Governor Gavin Newsom, the California Department of Transportation, and the California Energy Commission, co-led a coalition of 17 attorneys general in filing a lawsuit against the Trump Administration to ensure the proper flow of NEVI funds. Today’s court order blocks the Trump Administration’s action while the case continues through litigation.

A copy of the court order can be found here.

# # #

MIL OSI USA News –

June 25, 2025
MIL-OSI Australia: UPDATE: Arrest – Indecent Assaults – Alice Springs
Source: Northern Territory Police and Fire Services

Detectives from Southern Investigations have arrested a youth in relation to multiple indecent assaults in Alice Springs last week.

On 20 June 2025, police received reports of an indecent assault on a female jogging along the Todd River by a male travelling on a bike.

Following a call for information, three additional female victims came forward and alleged similar offending on the same day in the same area.

Investigators identified a 14-year-old male, who was arrested at a residence in Gillen earlier today and processed into custody. He is expected to be charged with:
- 1 x Act of Gross Indecency without Consent
- 3 x Indecent Touching or Act
Police would like to thank the victims who came forward and provided vital information and would continue to urge anyone with information to make contact on 131 444 and reference job number NTP2500062998.

You can also anonymously report crime via Crime Stoppers on 1800 333 000.

MIL OSI News –
June 25, 2025
MIL-OSI China: Kenya holds forum to promote Sino-African agricultural, industrial cooperation

Source: People’s Republic of China – State Council News

Hamadi Boga, vice president of Alliance for a Green Revolution in Africa (AGRA), delivers a speech during the inaugural Africa-China Forum on Agri-Tech and Industrial Cooperation in Nairobi, Kenya, on June 24, 2025. [Photo/Xinhua]

The inaugural Africa-China Forum on Agri-Tech and Industrial Cooperation took place on Tuesday in the Kenyan capital, Nairobi.

The day-long conference was hosted by Nairobi-based Alliance for a Green Revolution in Africa (AGRA), Beijing Jingwa Agricultural Science and Technology Innovation Center, the International Livestock Research Institute and the Finance Center for South-South Cooperation.

Ibrahim Mayaki, African Union special envoy for food systems, said the continent stands to gain from emulating China’s model of agricultural transformation, driven by forward-looking policies, technology and innovations.

“We can leverage China’s successes in agricultural modernization, rural transformation and poverty alleviation as reference points for Africa’s own agricultural renaissance, while recognizing the specificity of African ecosystems and cultures,” Mayaki said.

Mayaki stressed that joint research between China and Africa in climate-smart farming practices, development of high-yielding crops, modern irrigation technologies and digital extension services could offer lasting solution to hunger, rural poverty and malnutrition affecting the world’s second-largest continent.

Hamadi Boga, vice president of AGRA, noted that China has set the pace in technology- and innovation-led agricultural modernization, inspiring African nations to follow suit, feed their growing population and leapfrog into an industrial era.

The Sino-African agricultural cooperation, according to Boga, has rapidly evolved as witnessed by technology transfer, establishment of demonstration zones, exchange visits and institutional collaboration, boosting crop yield, agro-processing and exports.

Boga also called on African research institutions to forge long-term partnership with their Chinese counterparts to accelerate an inclusive food systems transformation, rooted in improved soil health, climate resilience, access to finance, technologies and markets.

Chinese Ambassador to Kenya Guo Haiyan said China is keen to share with Africa’s bilateral partners its home-grown technologies, innovations, experience and best practices, which could hasten the continent’s agricultural modernization to realize food security and boost export competitiveness.

Guo noted that China-Africa agricultural cooperation has prioritized technology transfer, facilitating trade in agricultural commodities and upgrading value chains for farm produce.

In addition, China has partnered with African countries to enhance response to crop pests and diseases, capacity building for extension workers and farmers, deployment of technologies for scaling up agro-processing and value addition, Guo added.

MIL OSI China News –

June 25, 2025
MIL-OSI: Faircourt Asset Management Inc. Announces June Distribution

Source: GlobeNewswire (MIL-OSI)

Toronto, June 24, 2025 (GLOBE NEWSWIRE) — Faircourt Asset Management Inc., as Manager of the Faircourt Fund (CBOE:FGX), is pleased to announce the monthly distribution payable on the Shares of the below listed Fund.

Faircourt Funds Trading Symbol Distribution Amount (per share/unit) Ex-Dividend Date Record Date Payable Date

Faircourt Gold Income Corp. FGX $0.024 June 30, 2025 June 30, 2025 July 15, 2025

Faircourt Asset Management Inc. is the Investment Advisor for Faircourt Gold Income Corp.

This press release is not for distribution in the United States or over United States wire services.

For further information on the Faircourt Funds, please visit www.faircourtassetmgt.com or
please contact 1-800-831-0304.

You will usually pay brokerage fees to your dealer if you purchase or sell Shares of the Fund on the CBOE Canada Exchange or other alternative Canadian trading system (an “exchange”). If the Shares are purchased or sold on an exchange, investors may pay more than the current net asset value when buying Shares of the Fund and may receive less than the current net asset value when selling them.

There are ongoing fees and expenses associated with owning units of an investment fund. An investment fund must prepare disclosure documents that contain key information about the fund. You can find more detailed information about the fund in the public filings available at www.sedar.com. Investment funds are not guaranteed, their values change frequently and past performance may not be repeated.

The MIL Network –

June 25, 2025
MIL-OSI: Faircourt Asset Management Inc. Announces June Distribution

Source: GlobeNewswire (MIL-OSI)

Toronto, June 24, 2025 (GLOBE NEWSWIRE) — Faircourt Asset Management Inc., as Manager of the Faircourt Fund (CBOE:FGX), is pleased to announce the monthly distribution payable on the Shares of the below listed Fund.

Faircourt Funds Trading Symbol Distribution Amount (per share/unit) Ex-Dividend Date Record Date Payable Date

Faircourt Gold Income Corp. FGX $0.024 June 30, 2025 June 30, 2025 July 15, 2025

Faircourt Asset Management Inc. is the Investment Advisor for Faircourt Gold Income Corp.

This press release is not for distribution in the United States or over United States wire services.

For further information on the Faircourt Funds, please visit www.faircourtassetmgt.com or
please contact 1-800-831-0304.

You will usually pay brokerage fees to your dealer if you purchase or sell Shares of the Fund on the CBOE Canada Exchange or other alternative Canadian trading system (an “exchange”). If the Shares are purchased or sold on an exchange, investors may pay more than the current net asset value when buying Shares of the Fund and may receive less than the current net asset value when selling them.

There are ongoing fees and expenses associated with owning units of an investment fund. An investment fund must prepare disclosure documents that contain key information about the fund. You can find more detailed information about the fund in the public filings available at www.sedar.com. Investment funds are not guaranteed, their values change frequently and past performance may not be repeated.

The MIL Network –

June 25, 2025
MIL-OSI New Zealand: Speech at 2025 Looking Ahead Infrastructure Symposium: Building Common Ground

Source: New Zealand Government

Opening

Good morning. It’s great to be here today for the release of the draft National Infrastructure Plan – or the NIP.

I’d like to thank Raveen Jaduram, Geoff Cooper, and the entire team at the Infrastructure Commission for hosting this Symposium and for their hard work on putting the NIP together.

I’d also like to welcome you all to Parliament.

Improving how we plan, fund, maintain and build our infrastructure is critical to lifting productivity, boosting economic growth, and increasing peoples’ living standards.

The government has made infrastructure a top priority.

So, I welcome today’s draft report by the independent Infrastructure Commission.

We need a Plan, and action

As Minister for Infrastructure, I hear regularly that – “what New Zealand needs is a long-term infrastructure plan that transcends political cycles”.

I agree – a plan will give the private sector more certainty so that they can invest in people and equipment. It will also help New Zealanders build consensus on what our future infrastructure system should look like.

But a plan is only as good as it’s execution. So, the NIP will only be successful if it is – at least in part – accepted and adopted across successive governments over the long term.

As I’m sure most of you know, this isn’t our first plan; we have been here before. New Zealand had infrastructure plans in 2010, 2011, and 2015.

Some recommendations in these older plans are identical to those put forward in this Plan – over a decade later.

I’m thinking of things like agencies completing 10-year capital plans and making better use of pricing tools.

What differentiates this Plan is that it has been developed independently by the Infrastructure Commission – separate from the Government of the day.

The NIP is not this Government’s Plan, it is New Zealand’s Plan.

That is why each political party represented in Parliament was offered a briefing on the NIP last year. And I would like to thank the opposition spokespeople for infrastructure for being here today.

Building greater consensus on infrastructure is, unfortunately, not as simple as different political parties getting in a room and convincing each other of the other’s view.

That’s not realistic. Instead, consensus will be enabled by strong system and institutions, robust investment frameworks, high-quality evidence of our infrastructure needs, and advocacy for projects and policies from a better-informed public.

That’s what this Plan is about – independent experts advising New Zealand on the current state of infrastructure, what we need in the future, and the projects and policy reforms that will bridge this gap in the most effective and value for money way.

People often say we need a bipartisan infrastructure pipeline, as if that will solve all problems.

We do have a robust infrastructure pipeline. The Commission has been running it for over five years, and it’s been progressively improved over that time.

The Pipeline includes over 8,000 initiatives underway and in planning from 114 contributing organisations. It represents over $200 billion in investment value – with over $110 billion of the Pipeline having a funding source confirmed.

I can’t claim to speak for all the parties in Parliament, but I suspect that almost all of the projects underway right now are supported by everyone.

It’s the high profile and high-cost disagreements that make the headlines. But it’s the low profile and often low-cost projects that actually make New Zealand.
A lot of people don’t know we have a pipeline. It’s actually really cool – you can go online and search projects by region, timeline, project status, project value, provider, procurement type, and much more.

The Commission is strengthening the Pipeline by aiming to cover all infrastructure providers. There are 14 laggard councils who aren’t contributing, and I’ll be writing to them to get them on board. Having visibility over everything that’s happening, and going to happen, is very important.

But I reckon we need to move away from the rhetoric of needing a bipartisan pipeline and instead build bipartisan consensus on the idea that governments of all flavours should use best-practice to plan, select, fund and finance, deliver, and look after infrastructure.

That’s not the case at the moment.

We need change

It is quite clear that our infrastructure system needs to change. It’s one of my biggest takeaways from our first 18 months in government. I’ve been shocked at the near systemic neglect of the underlying institutional settings and policy frameworks.

Contrary to many perceptions, New Zealand spends a lot on infrastructure.

We are in the top 10 per cent of the OECD for infrastructure investment over the last decade – but in the bottom 10 per cent when it comes to getting quality and “bang for buck” from our spending.
The cause of our problem is not isolated – it is spread across every stage of a project’s life, across different players in the system, and is perpetuated by decades of poor practice across successive governments.

Over the last few years, New Zealanders have seen and felt the consequences of poor practice including:

assets that are wearing out and failing,
project cost blowouts,
poor value for money investments, and
a growing infrastructure deficit.

If we keep doing things the way we are now, we won’t be able to deal with “business as usual”, let alone get a grip on the challenges we are facing like:

a significant backlog of maintenance and renewal activity,
population change,
natural hazards,
and global inflation.

To put this in perspective – over the next 30 years, every year, central government’s existing infrastructure assets is expected to wear out by $9.3 billion.

To keep up with this and other challenges, as the Commission says, we need to “lift our game”.

Taking action

Over the last 18 months I’ve been focused on six priorities as Infrastructure Minister:

Developing a 30-year National Infrastructure Plan,
Establishing National Infrastructure Funding and Financing Ltd (NIFFCo),
Improving infrastructure funding and financing
Improving the consenting framework
Improving education and health infrastructure, and
Strengthening asset management.

I didn’t pick these priorities randomly. They reflect findings and recommendations from the Infrastructure Commission’s Infrastructure Strategy, developed in 2022, and are also based on a big programme of work we undertook in opposition engaging with experts from here and overseas.

I am really pleased to see that many of the recommendations of the draft NIP reflect these priorities. This indicates that as a government we’re heading in the right direction.

I want to mention a few in particular as they pick up on a few themes coming through in the draft NIP.

Improving infrastructure funding and financing

Let’s start with improving infrastructure funding and financing.

Public infrastructure in New Zealand has historically been primarily funded by taxpayers or ratepayers.

But our reliance on this blunt approach is not serving us well and has led to perverse outcomes including congestion, run-down assets, and the unresponsive provision of enabling infrastructure – contributing to unaffordable housing.

Last year, we released a suite of new and improved frameworks and guidance including:

Treasury’s new Funding and Financing framework,
The Government’s refreshed PPP policy,
Strategic Leasing Guidance, and
Guideline for Market Led Proposals.

The purpose of these documents is to help the Government use its balance sheet more strategically, apply good commercial disciplines to investment, and be a more sophisticated client of infrastructure.

This year, I have focused on establishing new funding and financing tools. In February, I announced five specific changes to New Zealand’s funding and financing toolkit to make it easier for councils and central government to provide infrastructure to support urban growth.

I won’t cover these in detail today, but the key takeaway is that we are moving to a system and to tools where councils can fully recover the costs of housing growth, and where infrastructure providers can recover costs of significant and city-shaping projects.

I am happy to see the draft National Infrastructure Plan make recommendations that align with our Government’s direction on funding and financing – such as making better use of pricing, user charging, and beneficiary pays.

Improving the consenting framework

Secondly, our consenting environment.

As successive reports from the Commission have noted, our consenting system for infrastructure is broken.

It takes too long and costs way too much.

We are on track to replace the RMA with new legislation next year. Our new system will be effects based, embrace standardisation, and be far more permissive and enabling – while also protecting the environment.

We also aren’t willing to wait for a growth-enabling planning system, so in the meantime, last year we introduced the Fast Track Approvals Act. It’s underway now.

We’re consulting right now on a big programme of National Direction changes under the RMA, including developing a National Policy Statement on Infrastructure. It’s baffling that we haven’t had one.

We are also progressing our second RMA amendment Bill, which will pass into law in a matter of weeks.

This Bill is a precursor to full replacement of the RMA and will make it quicker and simpler to consent renewable energy and boost housing supply.

Strengthening asset management

Lastly, before we move onto the draft Plan – I want to talk about my strengthening asset management.

Asset management may not be the sexiest aspect of the infrastructure system – as it has to compete with new, big, and exciting projects – but everyone knows, if you don’t paint the weatherboards on your house, the wood will rot.

And billion-dollar infrastructure is fundamentally no different.

Last year, I was shocked and quite frankly embarrassed to hear that New Zealand ranks fourth to last in the OECD for asset management, and dead last for the metric on Accountability and Professionalism.

But this is not surprising when you look at the performance of our central government investment system.

Over half of all capital-intensive government agencies do not have robust, comprehensive asset registers or asset management plans in place. Maintenance spending is also regularly diverted to building new infrastructure, resulting in costly catch-up spending later.

Years of poor asset management has led to leaky hospitals and schools, mould in police stations and courthouses, service outages on commuter rail, and poor accommodation for Defence Force personnel and their families.

This is not good enough.

In May this year, Cabinet agreed to a comprehensive work programme that will improve asset management practice across central government.

The aim of this work is to provide safer, longer lasting and more reliable and resilient infrastructure services; and to achieve better value for money by making the most of what we have.

This work programme will take place across two phases and will be led by Treasury and the Infrastructure Commission.

Phase 1 is about giving agencies better tools to help them succeed. This includes detailed guidance that agencies will need to follow on asset management; long-term planning; and related performance, assurance, and accountability indicators

Phase 2 is about driving more fundamental changes to system settings and will actually be informed by the National Infrastructure Plan – particularly Chapters 4, Setting up Infrastructure for Success; and Chapter 5, Driving Excellence from the Core.

Draft National Infrastructure Plan

So, let’s talk about the National Infrastructure Plan.

I haven’t had a chance to read the document in full as it was released today – but three things instantly stood out to me:

The first is the Needs Analysis, or “Forward Guidance”,
The second is the Infrastructure Priorities Programme, which InfraCom has put in Chapter 6, and
The third is how we can change the Investment Management System to get better infrastructure outcomes.

Forward guidance

On the Forward Guidance, it was interesting to see how our investment mix will need to change to meet future demand.

While total spend on infrastructure will increase, the relative priority between sectors will change overtime.
This is due to long-term trends that boost demand for some infrastructure and reduce it for others. For example, an aging population will increase relative demand for healthcare and hospitals; and decrease relative demand for education services and schools.

The Commission suggests that over the next 30 years hospitals, social housing, and electricity and gas sectors should all experience a rising share of infrastructure investment.

I also found it helpful that the Commission’s Forward Guidance outlines a rough indication of how much we should expect to be spending by sector.

In my view, forward guidance would be significantly strengthened in future if all agencies had provided the Commission with 10-year capital investment plans and asset management plans. This way, the Commission could provide more detailed and specific guidance on what bundle of projects across all sectors governments should be prioritising.

Infrastructure Priorities Programme

Moving on to the Infrastructure Priorities Programme, or the IPP – which is a structured independent review of unfunded infrastructure proposals.

The IPP is just starting out and it will take some time to scale and provide a robust investment menu, but I am glad to see the Commission received 48 submissions for their first round of evaluations.

17 projects were positively endorsed, and three projects have been identified as being ‘investment ready’ – these are New Zealand Defence Forces’ Accommodation, Messing, and Dining Modernisation Project; Defence Forces’ Ohakea Base Project; and Hamilton City Council’s Ruakura Eastern Transport Corridor.

I encourage all government agencies to submit their significant projects and programmes to the IPP.

A positive independent review will strengthen your case for investment.

Improving the Investment Management System

Lastly, there are a number of recommendations in the draft Plan that aim to improve the Government’s investment system – which is made up of the rules and processes for how we plan, prioritise, fund and finance, delivered, and looked after investments – including infrastructure.

For our Government to boost productivity, reduce the cost of living, and lift peoples’ prosperity, we need to get better value for money from our new infrastructure and do a better job at looking after our existing assets.

So, I am open to hearing about stronger rules such as legislative requirements for central government agencies and entities to prepare and publish long-term asset management plan, asset registers, and investment plans.

I am also open to legislative requirements for performance reporting to keep central government infrastructure entities accountable – like we do for regulated utilities and local government, who both face much stronger regulations and information disclosures requirements compared to central government.

We need to stop holding others to a higher standard than we do ourselves.

Overall, I am pleased to see the draft Plan makes recommendations that align with existing Government priorities, such as:

making better use of user pricing to fund investment,
adopting spatial planning,
relaxing land-use restrictions,
transport system reform,
prioritising infrastructure through the resource management system, and
drastically improving asset management.

The Government will continue to advance these policy priorities, and we will benefit from insights from the Plan.

The final National Infrastructure Plan will be given to me by the end of 2025. As the Plan is an independent Strategy report, the Government will provide a formal response to the Plan in 2026.

As part of that response, I will be engaging with other political parties in Parliament, and I intend to ask the Business Committee to hold a special Parliamentary debate on the final Plan early next year.

Conclusion

I’d like to finish by thanking the Infrastructure Commission for its hard work in delivering this draft National Infrastructure Plan.

I encourage everyone including agencies, local government, opposition parties, the private sector, the public to have their say on the draft Plan through the consultation process – and I look forward to receiving the final Plan by the end of this year.

ENDS

MIL OSI New Zealand News –

June 25, 2025
MIL-OSI USA: Lankford Leads Senate Resolution After Deadly Antisemitic Attacks

US Senate News:

Source: United States Senator for Oklahoma James Lankford

Bipartisan resolution condemns antisemitic attacks in Washington, DC, and Boulder, Colorado

WASHINGTON, DC — US Senators James Lankford (R-OK) and Jacky Rosen (D-NV) introduced a bipartisan resolution condemning antisemitism and the recent antisemitic attacks in the United States, specifically the brutal murders of Sarah Milgrim and Yaron Lischinsky in Washington, DC, and the violent attack in Boulder, CO. Lankford and Rosen serve as co-chairs of the Senate Bipartisan Task Force for Combating Antisemitism.

“The recent brutal murders of Sarah Milgrim and Yaron Lischinsky and the violent attack in Boulder are horrific reminders of the unfortunate rise in antisemitism across our country,” said Lankford. “This resolution makes it clear: we unequivocally condemn antisemitism in all its forms. Our Jewish friends and neighbors should not live in fear because of their faith and heritage, and this resolution affirms the right to live their faith freely.”

“Communities across our country are experiencing an increase in antisemitic vandalism, threats, and violence that endangers the safety of Jewish Americans, like the recent attacks in Washington and Colorado,” said Rosen. “We have a responsibility to call out antisemitism and do everything we can to combat acts of hate in all of its forms. Senator Lankford and I introduced this bipartisan resolution to condemn recent attacks and recommit to doing all we can to tackle the alarming rise of antisemitic incidents. As one of the co-chairs of the Senate Bipartisan Task Force for Combating Antisemitism, I look forward to continuing this important work.”

“There is no place for antisemitism in our society,” said Senate Majority Leader John Thune. “We must forcefully condemn antisemitic hate and do everything we can to stand with and protect our Jewish neighbors. I thank Senator Lankford for leading this bipartisan resolution and hope for a day where antisemitism is a thing of the past.”

Joining Lankford and Rosen in co-sponsoring the resolution are Senate Majority Leader John Thune (R-SD) and Minority Leader Chuck Schumer (D-NY), as well as Sens. Michael Bennet (D-CO), John Hickenlooper (D-CO), Dave McCormick (R-PA), John Fetterman (D-PA) and Jerry Moran (R-KS).

You can read the full text of the resolution HERE.

Background

The resolution comes amid a documented surge in antisemitic threats, violence, and rhetoric across the United States, particularly following the October 7, 2023, terrorist attack by Hamas on Israel. In 2024, the Anti-Defamation League recorded over 9,000 antisemitic incidents nationwide—a historic high—with more than half linked to anti-Israel sentiment. Federal Bureau of Investigation (FBI) data also shows that Jewish Americans, who make up just 2.4% of the US population, were the target of 68% of all reported religiously motivated hate crimes in 2023.

The resolution specifically condemns two recent antisemitic attacks: the May 21, 2025, shooting that killed Sarah Milgrim and Yaron Lischinsky outside an American Jewish Committee event in Washington, DC, and the June 1, 2025, Molotov cocktail attack during a peaceful walk in Boulder, Colorado showing support for the hostages still held captive by Hamas. The resolution rightfully labels both attacks as the result of antisemitism, extremism, and political violence, which are threats not only to Jewish individuals but to all of society in the United States.

Sarah Milgrim, a Jewish American from Kansas, and Yaron Lischinsky, an Israeli-German dual citizen, were both staffers at the Israeli Embassy in Washington. They were engaged in Middle East diplomacy, united by a shared passion for peacebuilding, and were planning their future together before their lives were tragically cut short.

Lankford, who recently traveled to the Middle East, remains committed to defending religious liberty and combating antisemitism both at home and abroad.

You can read the exclusive published in Jewish Insider HERE.

MIL OSI USA News –

June 25, 2025
MIL-OSI: JOYY Achieves Top Rankings in Extel’s 2025 Asia Executive Team Survey

Source: GlobeNewswire (MIL-OSI)

SINGAPORE, June 25, 2025 (GLOBE NEWSWIRE) — JOYY Inc. (NASDAQ: JOYY) (“JOYY” or the “Company”), a global technology company, has been acknowledged as a “Most Honored Company” by Extel, formerly known as Institutional Investor Research, in its 2025 Asia Companies’ Executive Team Survey.

JOYY earned top positions in the Overall Asia (ex-Japan/ANZ) Executive Team Small & Mid-Cap category in the internet sector across all seven evaluated areas: Best CEO, Best CFO, Best ESG, Best Board of Directors, Best IR Team, Best IR Professional, and Best IR Program. This is the seventh consecutive year that JOYY has been featured in the rankings, demonstrating excellence in the Company’s executive leadership, corporate governance and investor relations.

Ms. Li Ting, Chairperson and CEO of JOYY, was ranked No. 1 in Best CEO in the Small & Mid-Cap Internet sector. Mr. Alex Liu, the Vice President of Finance, secured top positions in the Best CFO category. JOYY achieved the highest ranking in Best IR Program, which is defined by nine key attributes including the quality of roadshows and meetings, comprehensive business and market knowledge, and timely and granular disclosure practices.

The Extel Asia Executive Team survey is regarded as a trusted benchmark for excellence in investor relations and corporate governance. The 2025 rankings are based on feedback from 5,437 buy-side professionals and 863 sell-side analysts. A total of 1,668 companies across 18 sectors were evaluated.

About JOYY Inc.
JOYY is a leading global technology company with a mission to enrich lives through technology. With a diversified product portfolio spanning live streaming, short-form videos, casual games, instant messaging, and emerging initiatives like advertising, JOYY has evolved beyond social entertainment into a multifaceted ecosystem powered by AI and data-driven technologies. Headquartered in Singapore and operating across the globe, JOYY has fostered a vibrant user community through its localized strategies. JOYY’s ADSs have been listed on the NASDAQ since November 2012.

Investor Relations Contact
JOYY Inc.
Investor Relations
Email: joyy-ir@joyy.com

The MIL Network –

June 25, 2025
MIL-OSI Russia: IMF Staff Completes 2025 Article IV Mission to Vietnam
Source: IMF – News in Russian

June 24, 2025

End-of-Mission press releases include statements of IMF staff teams that convey preliminary findings after a visit to a country. The views expressed in this statement are those of the IMF staff and do not necessarily represent the views of the IMF’s Executive Board. Based on the preliminary findings of this mission, staff will prepare a report that, subject to management approval, will be presented to the IMF’s Executive Board for discussion and decision.
- Vietnam’s economy started 2025 strongly, with 6.9% year-on-year growth in the first
- quarter. However, the outlook is more challenging amid global trade tensions and high uncertainty.
- There is room for greater support by fiscal policy to cushion the impact of global shocks if needed. Allowing more flexibility in the exchange rate and strengthening the financial system will be important.
- Implementation of the ambitious reform agenda encompassing institutional overhauls, private sector strengthening, and infrastructure improvements present an opportunity to raise medium-term growth. Further reforms to boost productivity, strengthen governance, and improve the business environment are also critical.
Hanoi: An International Monetary Fund (IMF) team, led by Mr. Paulo Medas, held discussions for the 2025 Article IV consultation with the Vietnamese authorities from June 11-24, 2025. The team exchanged views with Deputy Prime Minister Ho Duc Phoc, senior officials of the State Bank of Vietnam (SBV), the Ministry of Finance, the National Assembly, and other government agencies. It also met with representatives from the private sector, think tanks, and other stakeholders.

At the conclusion of the mission, Mr. Medas issued the following statement:

“The Vietnamese economy rebounded strongly in 2024, growing at 7.1 percent backed by robust exports, resilient foreign direct investment (FDI), and supportive policies. This momentum continued into the first quarter of 2025, with economic activity expanding by 6.9 percent (y/y). Inflation remained contained. The current account surplus reached a record 6.6 percent of GDP in 2024.

“The outlook is heavily dependent on the outcome of trade negotiations and is constrained by elevated global uncertainty on trade policies and economic growth. Our projections, in line with the IMF April 2025 World Economic Outlook, assumes high tariffs take effect in the third quarter. In such a scenario, economic growth is projected to slow to 5.4 percent in 2025 and decelerate further in 2026. However, if global trade tensions subside, the economic outlook would improve significantly.

“Downside risks are high. A further escalation in global trade tensions or a tightening of global financial conditions could weaken further exports and investment. Domestically, financial stress could re-emerge from tighter financial conditions and high corporate indebtedness. On the upside, achieving nondiscriminatory trade agreements and successfully implementing planned infrastructure and structural reforms could significantly boost medium-term growth.

“Given the uncertain outlook, policy priorities should focus on preserving macro-financial stability while navigating economic adjustments. Fiscal policy, supported by low level of public debt, should take the lead in cushioning the near-term impact especially under downside scenarios. Accelerated implementation of public investment and strengthening social safety nets would be important.

“Monetary policy has much more limited room and should be decisively focused on anchoring inflation expectations. Allowing the exchange rate flexibility will be critical as the economy adjusts to the external shock. Some monetary easing could be considered if global interest rates decline as expected and inflation falls. Vigilance is needed to monitor and act against inflation pressures arise, including due to external shocks. These challenges underscore the importance of modernizing the monetary policy framework to enhance its effectiveness and anchor stability, including by replacing credit growth limits with an improved prudential framework.

“Further efforts are needed to strengthen financial sector soundness. To bolster banking system resilience, priorities include strengthening bank supervision, build liquidity and capital buffers, and further improving the bank resolution framework.

“The government’s plans for an ambitious reform agenda are very welcome and could boost medium-term growth, but implementation will be key. The government’s focus on institutional reforms to enhance efficiency, strengthen private sector development, and plans to scale up public investment is a major step forward. It will be important to develop and implement concrete reforms to improve key infrastructure (e.g., logistics, energy), functioning of capital markets, education and training, and productivity. To maximize the return on large investments, it is critical to strengthen public investment management and adopt a sound macro-fiscal strategy to preserve the health of public finances. Efforts to strengthen economic governance are essential, including strengthening the AML/CFT regime, and efforts in this regard are welcome. Vietnam’s rapid economic growth is outpacing the development of its economic statistics and urgent efforts are needed to close data gaps to support effective policymaking and risk management.

“The team is grateful to the authorities for their warm hospitality and the candid and insightful discussions.”

IMF Communications Department

MEDIA RELATIONS

PRESS OFFICER: Pavis Devahasadin

Phone: +1 202 623-7100Email: MEDIA@IMF.org

@IMFSpokesperson

https://www.imf.org/en/News/Articles/2025/06/24/pr-25214-vietnam-imf-staff-completes-2025-article-iv-mission

MIL OSI
MIL OSI Russia News –
June 25, 2025
MIL-OSI USA: Tampa-based companies signs with IMAGE program
Source: US Immigration and Customs Enforcement

TAMPA, Fla. — U.S. Immigration and Customs Enforcement’s Homeland Security Investigations Tampa has signed an ICE Mutual Agreement Between Government and Employers, or IMAGE, program agreement with Ruri Software Technologies and Famous Technologies, Inc., as part of a voluntary collaborative program with America’s business community.

These privately owned companies entered into IMAGE agreements as part of a mutually beneficial initiative that provides businesses enhanced security and a more stable workforce while minimizing the likelihood of hiring unauthorized workers. This Department of Homeland Security E-Verify employment eligibility program is free to employers and enables them to verify new hires’ eligibility to work in the U.S. Its internet-based system is available throughout the nation and provides an automated link to the Social Security Administration’s database and DHS immigration records.

“These partnerships with businesses in our communities are an integral part of our commitment to providing national security, as well as the security of employees and customers,” said HSI Tampa Special Agent in Charge John Condon. “They are leading by example in how a legal workforce is a key component of responsible corporate citizenship.”

As part of these agreements, Ruri Software Technologies and Famous Technologies have pledged to maintain secure and stable workforces and curtail the employment of unauthorized workers through outreach and education.

To qualify for IMAGE certification, companies must:
- Complete the IMAGE Self-Assessment Questionnaire
- Enroll in the E-Verify program within 60 days
- Establish a written hiring and employment eligibility verification policy that includes internal Form I-9 audits at least once per year
- Submit to a Form I-9 inspection
Ruri Software Technologies is a rapidly growing IT consulting company providing complete life cycle of software solutions to its clientele. Its companion company, Famous Technologies Inc., is also a rapidly expanding IT consulting firm that provides complete life cycle software solutions in a variety of domains across the U.S. Their basic processes aim to provide innovative, technology-enabled solutions that help provide their customers with leading products and services that endeavor to be on the cutting edge of technology.

“We are proud to align ourselves with the values and standards that IMAGE represents, and we look forward to upholding the integrity and responsibility that comes with this designation,” said Ruri Software technologies director of operations Ram Arikatlal. “It is an honor to be part of this important partnership committed to fostering a lawful workforce while promoting best hiring practices.”

Companies interested in more information about the IMAGE program can call 813-357-7137 or visit ICE.gov/image.

To learn more about HSI Tampa, follow us on X at @HSITampa.

MIL OSI USA News –
June 25, 2025
MIL-OSI: ArrowMark Financial Corp. Releases Month End Estimated Net Asset Value as of May 2025

Source: GlobeNewswire (MIL-OSI)

DENVER, June 24, 2025 (GLOBE NEWSWIRE) — ArrowMark Financial Corp., (NASDAQ: BANX) (“ArrowMark Financial”), today announced that BANX’s estimated and unaudited Net Asset Value (“NAV”) as of May 31, 2025, was $22.16.

This estimated NAV is not a comprehensive statement of our financial condition or results for the month ended May 31, 2025.

About ArrowMark Financial Corp.
ArrowMark Financial Corp. is an SEC registered non-diversified, closed-end fund listed on the NASDAQ Global Select Market under the symbol “BANX.” Its investment objective is to provide shareholders with current income. BANX pursues its objective by investing primarily in regulatory capital securities of financial institutions. BANX is managed by ArrowMark Asset Management, LLC. To learn more, visit ir.arrowmarkfinancialcorp.com, or contact Destra at 877.855.3434 or by email at BANX@destracapital.com.

Disclaimer and Risk Factors:
There is no assurance that ArrowMark Financial will achieve its investment objective. ArrowMark Financial is subject to numerous risks, including investment and market risks, management risk, income and interest rate risks, banking industry risks, preferred stock risk, convertible securities risk, debt securities risk, liquidity risk, valuation risk, leverage risk, non-diversification risk, credit and counterparty risks, market at a discount from net asset value risk and market disruption risk. Shares of closed-end investment companies may trade above (a premium) or below (a discount) their net asset value. Shares of ArrowMark Financial may not be appropriate for all investors. Investors should review and consider carefully ArrowMark Financial’s investment objective, risks, charges and expenses. Past performance does not guarantee future results.

The Annual Report, Semi-Annual Report and other regulatory filings of the Company with the SEC are accessible on the SEC’s website at www.sec.gov and on the BANX’s website at ir.arrowmarkfinancialcorp.com.

Contact:
BANX@destracapital.com

The MIL Network –

June 25, 2025
MIL-OSI: ArrowMark Financial Corp. Releases Month End Estimated Net Asset Value as of May 2025

Source: GlobeNewswire (MIL-OSI)

DENVER, June 24, 2025 (GLOBE NEWSWIRE) — ArrowMark Financial Corp., (NASDAQ: BANX) (“ArrowMark Financial”), today announced that BANX’s estimated and unaudited Net Asset Value (“NAV”) as of May 31, 2025, was $22.16.

This estimated NAV is not a comprehensive statement of our financial condition or results for the month ended May 31, 2025.

About ArrowMark Financial Corp.
ArrowMark Financial Corp. is an SEC registered non-diversified, closed-end fund listed on the NASDAQ Global Select Market under the symbol “BANX.” Its investment objective is to provide shareholders with current income. BANX pursues its objective by investing primarily in regulatory capital securities of financial institutions. BANX is managed by ArrowMark Asset Management, LLC. To learn more, visit ir.arrowmarkfinancialcorp.com, or contact Destra at 877.855.3434 or by email at BANX@destracapital.com.

Disclaimer and Risk Factors:
There is no assurance that ArrowMark Financial will achieve its investment objective. ArrowMark Financial is subject to numerous risks, including investment and market risks, management risk, income and interest rate risks, banking industry risks, preferred stock risk, convertible securities risk, debt securities risk, liquidity risk, valuation risk, leverage risk, non-diversification risk, credit and counterparty risks, market at a discount from net asset value risk and market disruption risk. Shares of closed-end investment companies may trade above (a premium) or below (a discount) their net asset value. Shares of ArrowMark Financial may not be appropriate for all investors. Investors should review and consider carefully ArrowMark Financial’s investment objective, risks, charges and expenses. Past performance does not guarantee future results.

The Annual Report, Semi-Annual Report and other regulatory filings of the Company with the SEC are accessible on the SEC’s website at www.sec.gov and on the BANX’s website at ir.arrowmarkfinancialcorp.com.

Contact:
BANX@destracapital.com

The MIL Network –

June 25, 2025
MIL-OSI USA: DAUPHIN COUNTY – Pennsylvania Historical & Museum Commission to Announce Largest Investment in State Museum History

Source: US State of Pennsylvania

June 25, 2025 – Harrisburg, PA

ADVISORY – DAUPHIN COUNTY – Pennsylvania Historical & Museum Commission to Announce Largest Investment in State Museum History

Wednesday, June 25, 2025, Andrea Lowery, Executive Director of the Pennsylvania Historical & Museum Commission (PHMC), will hold a press conference to announce a historic investment that will fundamentally transform the State Museum of Pennsylvania and redefine how Pennsylvanians connect with their past.

This significant multi-year project, representing the single largest investment in the museum since its opening in 1964, will usher in a new era of enhanced visitor experiences and crucial infrastructure upgrades. This is an unparalleled opportunity to learn about the future of one of Pennsylvania’s premier cultural institutions.

WHO:
Andrea Lowery, Executive Director, PHMC
Greg Kirk, Deputy Secretary for Capital Programs, DGS
Senator Patty Kim
Representative Nathan Davidson

WHEN:
WEDNESDAY, June 25, 2025, at 9:00 AM

WHERE:
State Museum of Pennsylvania
3rd Street Entrance [Allegheny Room]
300 North Street
Harrisburg, PA 17120

RSVP: Press who are interested in attending please RSVP to jlosiewicz@pa.gov.

Media Contact: Jay Losiewicz, 717-705-8639

MIL OSI USA News –

June 25, 2025
MIL-OSI: Jayud Global Logistics Receives $4.2 Million Government Subsidy for Charter Flight Operations
Source: GlobeNewswire (MIL-OSI)

SHENZHEN, China, June 24, 2025 (GLOBE NEWSWIRE) — Jayud Global Logistics Limited (NASDAQ: JYD) (“Jayud” or the “Company”), a leading end-to-end supply chain solution provider based in Shenzhen, specializing in cross-border logistics, today announced that it has received a government subsidy of RMB 30,258,086 (approximately USD 4.2 million) from the Shenzhen Transportation Bureau.

The subsidy relates to two charter flight routes operated by the Company during 2022-2023 as part of its expanded air freight services:
- Shenzhen-Clark Route: RMB 17.28 million
- Shenzhen-Davao Route: RMB 12.98 million
Jayud originally applied for the cargo aircraft new route subsidies in March 2023, with the Shenzhen Transportation Bureau finalizing the subsidy amounts in March 2025 after adjusting all applications due to total requests exceeding available funding.

Xiaogang Geng, Chairman of the Board and CEO of Jayud, stated, “This significant government recognition and financial support validates our strategic expansion into charter flight operations and demonstrates the value we bring to Shenzhen’s logistics infrastructure. These subsidies will positively impact our financial performance and support our continued growth in cross-border air freight services.”

The Company expects this to positively impact its revenue and financial results for the current fiscal year.

About Jayud Global Logistics Limited

Jayud Global Logistics Limited is one of the leading Shenzhen-based end-to-end supply chain solution providers in China, focusing on cross-border logistics services. The Company benefits from the unique geographical advantages of providing a high degree of support for ocean, air, and overland logistics. The Company has established a global operation nexus featuring logistic facilities throughout major transportation hubs in China and globally, with footprints in 12 provinces in Mainland China and 16 countries across six continents. Jayud offers a comprehensive range of cross-border supply chain solutions, including freight forwarding, supply chain management, and other value-added services. With its strong service capabilities and research and development capabilities in proprietary IT systems, the Company provides customized and efficient logistics solutions and develops long-standing customer relationships. For more information, please visit the Company’s website: https://ir.jayud.com.

Forward-Looking Statements

Certain statements in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy, and financial needs, including the expectation that the Offering will be successfully completed. Investors can identify these forward-looking statements by words or phrases such as “may”, “will”, “expect”, “anticipate”, “aim”, “estimate”, “intend”, “plan”, “believe”, “is/are likely to”, “potential”, “continue” or other similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company’s registration statement and other filings with the SEC.

For more information, please contact:

Jayud Global Logistics Limited
Investor Relations Department
Email: ir@jayud.com

Investor Relations Contact:
Matthew Abenante, IRC
President
Strategic Investor Relations, LLC
Tel: 347-947-2093
Email: matthew@strategic-ir.com

The MIL Network –
June 25, 2025
MIL-OSI: DRML Miner Unveils Zero-Cost XRP Cloud Mining Platform
Source: GlobeNewswire (MIL-OSI)

LONDON, UK, June 24, 2025 (GLOBE NEWSWIRE) — DRML Miner, a global leader in eco-conscious cryptocurrency mining, has officially launched its highly anticipated zero-cost XRP cloud mining platform, ushering in a new era of accessible, automated, and AI-enhanced digital asset earnings. Tailored for both seasoned investors and crypto newcomers, the platform provides users with daily XRP rewards, a $10 signup bonus, and the opportunity to grow passive income without any upfront hardware costs or technical know-how.

This launch comes at a pivotal moment, with XRP currently in a price consolidation phase, offering a unique chance for investors to generate consistent returns while traditional markets remain uncertain.

What Sets DRML Miner’s XRP Cloud Mining Apart

With traditional mining often plagued by high costs and complex setups, DRML Miner breaks down these barriers through a user-friendly, cloud-based solution. Users simply register, select a mining contract, and start earning—no rigs, no maintenance, no hassle.

Key features of the new XRP mining contracts include:
- AI-Powered Yield Optimization: Smart allocation of hashrate ensures optimal returns, even during stagnant market conditions.
- Daily XRP Payouts: Predictable earnings improve liquidity and minimize exposure to price volatility.
- 100% Remote Participation: Start mining instantly from anywhere in the world.
- Principal Security: All contracts guarantee a full return of principal at expiration.
A Strategic Entry Point for XRP Investors

According to the DRML Miner team, the launch of XRP-only mining contracts was strategically timed to coincide with the asset’s ongoing consolidation, allowing users to profit regardless of short-term price swings.

“We see XRP’s current price range not as a plateau, but as potential,” said the CEO of DRML Miner. “Our new mining contracts unlock the value of XRP in a stable, low-risk, and fully automated way.”

Real Returns Backed by Real Results

The platform offers a range of contract tiers designed to suit various investment preferences. Verified performance metrics include:
- 2-Day Plan: +7.0% return
- 5-Day Plan: +1.3% return
- 15-Day Plan: +1.45% return
- 30-Day Plan: +1.55% return
These figures reflect historical averages and highlight the consistency and transparency of DRML Miner’s operations.

About DRML Miner

Founded in 2018 and legally registered in the UK, DRML Miner operates more than 120 sustainable mining farms powered by renewable energy. With over 7 million users globally, the platform is committed to making crypto mining accessible, eco-friendly, and profitable for all.

Whether you’re a long-term XRP holder or exploring crypto for the first time, DRML Miner offers a secure, smart, and sustainable way to earn.

Start mining XRP today at https://drmlminers.com

Disclaimer: The information provided in this press release does not constitute an investment solicitation, nor does it constitute investment advice, financial advice, or trading recommendations. Cryptocurrency mining and staking involve risks and the possibility of losing funds. It is strongly recommended that you perform due diligence before investing or trading in cryptocurrencies and securities, including consulting a professional financial advisor.

The MIL Network –
June 25, 2025
MIL-OSI: Oxley Bridge Acquisition Limited Announces the Pricing of $220,000,000 Initial Public Offering

Source: GlobeNewswire (MIL-OSI)

Vancouver, BC, June 24, 2025 (GLOBE NEWSWIRE) — Oxley Bridge Acquisition Limited (the “Company”) announced today the pricing of its initial public offering of 22,000,000 units at a price of $10.00 per unit. The units are expected to be listed on The Nasdaq Global Stock Market LLC (“Nasdaq”) and begin trading on June 25, 2025, under the ticker symbol “OBAWU.” Each unit consists of one Class A ordinary share and one-half of one redeemable warrant, each whole warrant entitling the holder thereof to purchase one Class A ordinary share at a price of $11.50 per share, subject to certain adjustments. No fractional warrants will be issued upon separation of the units and only whole warrants will trade. An amount equal to $10.00 per unit will be deposited into a trust account upon the closing of the offering. Once the securities constituting the units begin separate trading, the Class A ordinary shares and warrants are expected to be listed on Nasdaq under the symbols “OBA” and “OBAWW,” respectively. The offering is expected to close on June 26, 2025, subject to customary closing conditions. The Company has granted the underwriters a 45-day option to purchase up to an additional 3,300,000 units at the initial public offering price to cover over-allotments, if any.

The Company is a blank check company formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The Company may pursue an acquisition opportunity in any business or industry or at any stage of its corporate evolution. The Company’s primary focus, however, will be to search globally for a target with operations or prospects focusing on global consumer and technology sectors with disruptive growth potential through the use of technology that can benefit from operations in Asia, excluding the People’s Republic of China, Hong Kong and Macau.

The Company’s management team is led by Jonathan Lin, its Chief Executive Officer and Chairman of the Board of Directors (the “Board”), and Gary Chan, its Chief Financial Officer. The Board also includes Norma Chu, Enrique Gonzalez, Gan Wee Leong, and Jack Cho.

Cantor Fitzgerald & Co. is acting as sole book-running manager for the offering.

The offering is being made only by means of a prospectus. When available, copies of the prospectus may be obtained from Cantor Fitzgerald & Co., Attention: Capital Markets, 110 East 59th Street, New York, New York 10022, or by email at prospectus@cantor.com,or by accessing the SEC’s website, www.sec.gov.

A registration statement relating to the securities has been filed with the U.S. Securities and Exchange Commission (“SEC”) and became effective on June 24, 2025. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

Forward-Looking Statements

This press release contains statements that constitute “forward-looking statements,” including with respect to the expected closing of the proposed initial public offering and search for an initial business combination. No assurance can be given that the offering discussed above will be completed on the terms described, or at all.

Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the “Risk Factors” section of the Company’s registration statement and prospectus for the Company’s initial public offering filed with the SEC. Copies of these documents are available on the SEC’s website, www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

Investor Contacts

Oxley Bridge Acquisition Limited
Jonathan Lin
jonathan.lin@l2capm.com
(778)-653-3584

The MIL Network –

June 25, 2025
MIL-OSI: Oxley Bridge Acquisition Limited Announces the Pricing of $220,000,000 Initial Public Offering

Source: GlobeNewswire (MIL-OSI)

Vancouver, BC, June 24, 2025 (GLOBE NEWSWIRE) — Oxley Bridge Acquisition Limited (the “Company”) announced today the pricing of its initial public offering of 22,000,000 units at a price of $10.00 per unit. The units are expected to be listed on The Nasdaq Global Stock Market LLC (“Nasdaq”) and begin trading on June 25, 2025, under the ticker symbol “OBAWU.” Each unit consists of one Class A ordinary share and one-half of one redeemable warrant, each whole warrant entitling the holder thereof to purchase one Class A ordinary share at a price of $11.50 per share, subject to certain adjustments. No fractional warrants will be issued upon separation of the units and only whole warrants will trade. An amount equal to $10.00 per unit will be deposited into a trust account upon the closing of the offering. Once the securities constituting the units begin separate trading, the Class A ordinary shares and warrants are expected to be listed on Nasdaq under the symbols “OBA” and “OBAWW,” respectively. The offering is expected to close on June 26, 2025, subject to customary closing conditions. The Company has granted the underwriters a 45-day option to purchase up to an additional 3,300,000 units at the initial public offering price to cover over-allotments, if any.

The Company is a blank check company formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The Company may pursue an acquisition opportunity in any business or industry or at any stage of its corporate evolution. The Company’s primary focus, however, will be to search globally for a target with operations or prospects focusing on global consumer and technology sectors with disruptive growth potential through the use of technology that can benefit from operations in Asia, excluding the People’s Republic of China, Hong Kong and Macau.

The Company’s management team is led by Jonathan Lin, its Chief Executive Officer and Chairman of the Board of Directors (the “Board”), and Gary Chan, its Chief Financial Officer. The Board also includes Norma Chu, Enrique Gonzalez, Gan Wee Leong, and Jack Cho.

Cantor Fitzgerald & Co. is acting as sole book-running manager for the offering.

The offering is being made only by means of a prospectus. When available, copies of the prospectus may be obtained from Cantor Fitzgerald & Co., Attention: Capital Markets, 110 East 59th Street, New York, New York 10022, or by email at prospectus@cantor.com,or by accessing the SEC’s website, www.sec.gov.

A registration statement relating to the securities has been filed with the U.S. Securities and Exchange Commission (“SEC”) and became effective on June 24, 2025. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

Forward-Looking Statements

This press release contains statements that constitute “forward-looking statements,” including with respect to the expected closing of the proposed initial public offering and search for an initial business combination. No assurance can be given that the offering discussed above will be completed on the terms described, or at all.

Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the “Risk Factors” section of the Company’s registration statement and prospectus for the Company’s initial public offering filed with the SEC. Copies of these documents are available on the SEC’s website, www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

Investor Contacts

Oxley Bridge Acquisition Limited
Jonathan Lin
jonathan.lin@l2capm.com
(778)-653-3584

The MIL Network –

June 25, 2025
MIL-OSI USA: REP. HILL INTRODUCES RISE ACT TO SPUR FASTER ECONOMIC GROWTH AND JOBS

Source: United States House of Representatives – Congressman French Hill (AR-02)

WASHINGTON, D.C. – Today, Rep. French Hill (AR-02) introduced the Revitalizing Investment, Savings, and Entrepreneurship (RISE) Act, which he co-leads with Rep. Steube (R-FL). The RISE Act will unlock capital, boost investment, and stimulate economic growth and innovation for all Americans by limiting the capital gains tax rate to 15%.

Rep. Hill said, “To build a stronger, more prosperous future, we need policies that unlock capital, reward risk-taking, and drive real growth for all Americans. That is exactly what the RISE Act delivers. My bill restores the proven, bipartisan capital gains tax rate that encourages long-term investment in Main Street businesses and drives innovation across our country. With greater access to capital, startups can turn ideas into reality, small businesses will expand and hire, and hardworking Americans will have more opportunity and higher wages.”

Rep. Steube said, “American businesses rely on investment to grow and thrive. Yet, our current tax code burdens entrepreneurs and startups by taxing federal long-term capital gains at nearly 24%, creating a costly barrier to investment. Investing in America should never be a high-risk, expensive gamble. True long-term prosperity and economic security start when Washington unlocks more capital for U.S. industries. Our bill will cap the federal long-term capital gains tax rate at 15%, empowering investors to fuel economic growth and create good-paying American jobs.”

Background:
The RISE Act would limit the capital gains tax rate to 15% for all Americans. This is the top rate that was in effect from 2003 to 2012 and has historically enjoyed bipartisan support. Currently, federal capital gains taxes reach nearly 24% when including the 3.8% Medicare surtax—nearly five percentage points above the OECD average. Combined with state taxes as high as 14%, America’s total rates significantly discourage the business investment needed for economic growth.

High capital gains tax rates increase the cost of capital and reduce overall investment in the economy. When businesses receive more funding to grow, productivity and innovation increase—boosting wages, raising living standards, and keeping prices low for consumers.

The RISE Act builds on bipartisan precedent: President Obama preserved the 15% top rate in 2010 with overwhelming Democratic support, President Bush lowered the top rate to 15% in 2003 and extended the rate in 2006, and President Clinton signed legislation in 1997 to reduce capital gains taxes with significant Democratic backing.

The RISE Act is endorsed by the National Taxpayers Union, National Venture Capital Association, and Americans for Tax Reform.

MIL OSI USA News –

June 25, 2025
MIL-OSI United Kingdom: Making the UK the best place to do business: Modern Industrial Strategy set to deepen global collaboration
Source: United Kingdom – Executive Government & Departments
World news story

Making the UK the best place to do business: Modern Industrial Strategy set to deepen global collaboration

English

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Modern Industrial Strategy will make the UK the best country to invest in and grow a business, delivering on the Plan for Change.
UK’s Modern Industrial Strategy

Strategy developed in partnership with business, marking a new era of collaboration between government and high growth industries.

New Industrial Strategy to unlock billions in investment and support 1.1 million new well-paid jobs over the next decade. *New Global Talent Taskforce and £54m fund will attract world-class researchers, top talent and their teams to the UK.

Electricity costs for thousands of businesses to be slashed by up to 25%.

The plan focuses on 8 high growth sectors, including Advanced Manufacturing, Clean Energy Industries, Digital and Technologies, Financial Services and Life Sciences, where there is potential for faster growth.

The modern Industrial Strategy unveiled today, Monday 23 June, sets out a ten-year plan to boost investment, create good skilled jobs and make Britain the best place to do business.

It includes targeted support for the areas of the country and economy that have the greatest potential to grow, while introducing reforms that will make it easier for all businesses to get ahead.

The Strategy’s bold plan of action includes:

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

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

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

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

Attracting elite global talent to our key sectors, via visa and migration reforms and the new Global Talent Taskforce. The Taskforce and a £54m Global Talent Fund will support top talent to relocate to the UK.

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

Reducing planning timelines and cutting costs for developers, by hiring more planners, streamlining pre-application requirements and combining environmental obligations, removing burdens on businesses as well as accelerating house building.

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

Supporting the UK’s city regions and clusters by increasing the supply of investible sites through a new £600m Strategic Sites Accelerator, enhanced regional support from the Office for Investment, National Wealth Fund, and British Business Bank, and more.

Upskilling the nation with an extra £1.2 billion each year for skills by 2028-29, and delivering more opportunities to learn and earn in our high-growth sectors including new short courses in relevant skills funded by the Growth and Skills Levy and skills packages targeted at defence digital and engineering.

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

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

Five sector plans have been published in tandem:

Advanced Manufacturing

Backing the Advanced Manufacturing sector with up to £4.3 billion in funding, including up to £2.8 billion in R&D over the next five years, with the aim of anchoring supply chains in the UK – from increasing vehicle production to 1.35, to leading the next generation of technologies for zero emission flight.

Clean Energy Industries

Doubling investment in Clean Energy Industries by 2035, with Great British Energy helping to build the clean power revolution in Britain with a further £700 million in clean energy supply chains, taking the total funding for the Great British Energy Supply Chain fund to £1 billion.

Creative Industries

Maximizing the value of the UK’s Creative Industries through a £380 million boost for film and TV, video games, advertising and marketing, music and visual and performing arts will improve access to finance for scale-ups and increase R&D, skills and exports.

Digital and Technologies

Making the UK the European leader for creating and scaling Digital and Technology businesses, with more than £2 billion to drive the AI Action Plan, including a new Sovereign AI Programme, £187 million for training one million young people in tech skills and targeting R&D investment at frontier technologies such as cyber security in Northern Ireland, semiconductors in Wales and quantum technologies in Scotland.

Professional and Business Services

Ensuring the UK’s Professional and Business Services becomes the world’s most trusted adviser to global industry, revolutionising the sector across the world through adoption of UK-grown AI and working to secure mutual recognition of professional qualifications agreements overseas.

Prime Minister Keir Starmer said:

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

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

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

Regarding the launch of the New Industrial Strategy, British Ambassador to Chile, Louise de Sousa, said:

The UK’s modern Industrial Strategy is our ten-year plan to strengthen infrastructure, reduce costs for businesses and simplify regulation.

With a highly skilled workforce and unrivalled global business connectivity, the UK provides an ideal location to scale, invest and grow business, by accessing the G7’s lowest corporation tax and a generous R&D tax.

This being and internation strategy from the start, the plan will provide local businesses, entrepreneurs and innovators the stability and ease needed to make long-term investment decisions, which, in turn will help strengthening the already strong economic ties between UK and Chile.

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

Further information

If you want to know more about this matter, please contact the Communications Office.

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Published 24 June 2025
MIL OSI United Kingdom –
June 25, 2025
MIL-OSI: Glacier Bancorp, Inc. to Expand Southwest Presence and Enter Texas by Acquisition of Guaranty Bancshares, Inc.

Source: GlobeNewswire (MIL-OSI)

KALISPELL, Mont. and MOUNT PLEASANT, Texas, June 24, 2025 (GLOBE NEWSWIRE) — Glacier Bancorp, Inc. (“Glacier” or the “Company”) (NYSE: GBCI) and Guaranty Bancshares, Inc. (“Guaranty”) (NYSE: GNTY), the bank holding company for Guaranty Bank & Trust, N.A., a leading community bank headquartered in Mount Pleasant, Texas, today jointly announced the signing of a definitive agreement, pursuant to which Glacier will acquire Guaranty in an all-stock transaction. The acquisition marks Glacier’s 27^th bank acquisition since 2000 and its 13^th announced transaction in the past 10 years. As of March 31, 2025, Guaranty had total assets of $3.2 billion, total gross loans of $2.1 billion and total deposits of $2.7 billion.

The boards of Glacier and Guaranty unanimously approved the transaction, which is subject to regulatory approvals, Guaranty shareholder approval, and other customary conditions of closing. The definitive agreement provides that upon closing of the transaction, Guaranty shareholders are to receive 1.0000 share of Glacier stock for each Guaranty share (subject to adjustment under certain circumstances). Based on the closing price of $41.58 for Glacier shares on June 23, 2025, the transaction would result in aggregate consideration of $476.2 million (inclusive of the value to Guaranty stock options) and value of $41.58 per Guaranty share. Upon closing of the transaction, which is anticipated to take place in the fourth quarter of 2025, Guaranty Bank & Trust will operate as a new banking division under the name “Guaranty Bank & Trust, Division of Glacier Bank,” representing Glacier’s 18^th separate bank division.

“We are thrilled to add Guaranty Bank & Trust to the Glacier family of banks as a new banking Division,” said Randy Chesler, Glacier’s President and CEO. “This is a compelling opportunity to further expand our presence in the Southwest. Guaranty fits strategically and culturally within the unique Glacier business model and will allow us to enter a complementary state with an exceptional demographic profile, strong growth prospects, and a business-friendly operating environment. The Texas economy is estimated to be worth $2.7 trillion, and if Texas were an independent country, its economy would be the 8^th largest in the world.” Chesler also noted that “This acquisition continues our long history of consistently adding high quality community banks to our proven banking model and we are very enthusiastic about the future opportunities this partnership will provide.”

“Guaranty Bank & Trust has a 100+ year history of doing business in the State of Texas, and we are pleased to find a partner that emphasizes the relationship banking model that has been core to our success over many decades and through many business cycles,” said Ty Abston, Guaranty’s Chairman and CEO. “The opportunity to join Glacier Bancorp, which is a family of community banks that collectively share our banking philosophy, culture and character, was a perfect opportunity to position Guaranty Bank & Trust for the future. We will continue to grow and invest in our communities and our customers will be dealing with the same familiar faces, led by the same management team, in each of our markets. This partnership gives Guaranty added strength, with the support of a larger balance sheet and the resources to invest in the latest technologies and products to serve our existing and future customers. We are excited to join the Glacier family of banks and look forward to the opportunities and benefits this combination will bring to our clients, employees, communities and shareholders.”

Glacier management will review additional information regarding the transaction on a conference call beginning at 7:00 a.m. Mountain Time on Wednesday, June 25, 2025.

Investors who would like to join the call may now register by following this link to obtain dial-in instructions: https://register-conf.media-server.com/register/BIdfefa202793d4cf9b9b8d5068cef9318

To participate via the webcast, log on to: https://edge.media-server.com/mmc/p/n3vugmow

If you are unable to participate during the live webcast, the call will be archived on our website, www.glacierbancorp.com.

A slide presentation to accompany management’s commentary may be accessed from Glacier’s June 24, 2025, Form 8-K filing with the Securities and Exchange Commission (the “SEC”) or at https://www.glacierbancorp.com/news-market-information/annual-reports-presentations.

Glacier was advised in the transaction by Stephens Inc. as financial advisor and Miller Nash LLP as legal counsel. Guaranty was advised by Keefe Bruyette & Woods, A Stifel Company as financial advisor and Norton Rose Fulbright US LLP as legal counsel.

About Glacier Bancorp, Inc.

Glacier Bancorp, Inc. is the parent company for Glacier Bank and its bank divisions: Altabank (American Fork, UT), Bank of the San Juans (Durango, CO), Citizens Community Bank (Pocatello, ID), Collegiate Peaks Bank (Buena Vista, CO), First Bank of Montana (Lewistown, MT), First Bank of Wyoming (Powell, WY), First Community Bank Utah (Layton, UT), First Security Bank (Bozeman, MT), First Security Bank of Missoula (Missoula, MT), First State Bank (Wheatland, WY), Glacier Bank (Kalispell, MT), Heritage Bank of Nevada (Reno, NV), Mountain West Bank (Coeur d’Alene, ID), The Foothills Bank (Yuma, AZ), Valley Bank (Helena, MT), Western Security Bank (Billings, MT), and Wheatland Bank (Spokane, WA).
Visit Glacier’s website at www.glacierbancorp.com.

About Guaranty Bancshares

Guaranty Bancshares, Inc. is the parent company for Guaranty Bank & Trust, N.A. and has 33 banking locations across 26 Texas communities located within the East Texas, Dallas/Fort Worth, Houston and Central Texas regions of the state. As of March 31, 2025, Guaranty Bancshares, Inc. had total assets of $3.2 billion, total loans of $2.1 billion and total deposits of $2.7 billion.

Visit Guaranty’s website at www.gnty.com.

Forward-Looking Statements

This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by words such as “estimate,” “anticipate,” “expect,” “will,” and similar references to future periods. Such forward-looking statements include but are not limited to statements regarding the expected closing of the transaction and its timing and the potential benefits of the business combination transaction involving Glacier and Guaranty, including future financial and operating results, the combined company’s plans, objectives, expectations and intentions, and other statements that are not historical facts regarding either company or the proposed combination of the companies. These forward-looking statements are subject to risks and uncertainties, many of which are outside of our control, that may cause actual results or events to differ materially from those projected, including but not limited to the following: risks that the proposed merger transaction will not close when expected or at all because required regulatory, shareholder or other approvals or conditions to closing are delayed or not received or satisfied on a timely basis or at all; risks that the benefits from the transaction may not be fully realized or may take longer to realize than expected, including as a result of changes in general economic and market conditions, interest and exchange rates, monetary policy, laws and regulations and their enforcement, and the degree of competition in the geographic and business areas in which Glacier and Guaranty operate; uncertainties regarding the ability of Glacier Bank and Guaranty Bank & Trust to promptly and effectively integrate their businesses, including into Glacier Bank’s existing division structure; changes in business and operational strategies that may occur between signing and closing; uncertainties regarding the reaction to the proposed transaction of the companies’ respective customers, employees, and contractual counterparties; and risks relating to the diversion of management time on merger-related issues. Readers are cautioned not to place undue reliance on the forward-looking statements, which speak only as of the date on which they are made and reflect management’s current estimates, projections, expectations and beliefs. Glacier undertakes no obligation to publicly revise or update the forward-looking statements to reflect events or circumstances that arise after the date of this report. For more information, see the risk factors described in Glacier’s Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and other filings with the SEC.

Important Information and Where You Can Find It

This communication relates to the proposed merger transaction involving Glacier and Guaranty. This communication does not constitute an offer to sell or the solicitation of an offer to buy any securities or the solicitation of any vote or approval.

In connection with the proposed merger transaction, Glacier expects to file with the SEC a Registration Statement on Form S-4 (the “Registration Statement”) that will include a Preliminary Proxy Statement of Guaranty and a Preliminary Prospectus of Glacier, as well as other relevant documents concerning the proposed transaction. After the Registration Statement is declared effective, Guaranty will mail a Definitive Proxy Statement/Prospectus to its shareholders. This communication is not a substitute for the Proxy Statement/Prospectus or Registration Statement or for any other document that Glacier or Guaranty may file with the SEC and send to Guaranty’s shareholders in connection with the proposed merger transaction. Shareholders of Guaranty are urged to read carefully the Registration Statement and accompanying Proxy Statement/Prospectus regarding the proposed merger transaction when it becomes available and any other relevant documents filed with the SEC, as well as any amendments or supplements to those documents, because they will contain important information.

Free copies of the Proxy Statement/Prospectus included in the Registration Statement, as well as other filings containing information about Glacier, Guaranty, and the proposed transaction, may be obtained at the SEC’s Internet site (http://www.sec.gov). You will also be able to obtain these documents, free of charge, from Glacier at www.glacierbancorp.com under the tab “SEC Filings” and in the “Investors” section of GNTY’s website, www.gnty.com, under the heading “Financial Information – SEC Filings” or by requesting them in writing or by telephone from Glacier at: Glacier Bancorp, Inc., 49 Commons Loop, Kalispell, Montana 59901, ATTN: Corporate Secretary; Telephone (406) 751-7706 or by requesting them in writing or by telephone from Guaranty at: Guaranty Bancshares, Inc., 16475 Dallas Parkway, Suite 600, Addison, Texas 75001 ATTN: Corporate Secretary; Telephone (888) 572,9881.

Participants in the Solicitation

GBCI and GNTY and certain of their directors and executive officers may be deemed to be participants in the solicitation of proxies from the shareholders of GNTY in connection with the proposed merger transaction. Information about the directors and executive officers of GBCI is set forth in the proxy statement for GBCI’s 2025 annual meeting of shareholders, as filed with the SEC on Schedule 14A on March 12, 2025. Information about the directors and executive officers of GNTY is set forth in the proxy statement for Guaranty’s 2025 annual meeting of shareholders, as filed with the SEC on Schedule 14A on March 31, 2025. Additional information regarding the interests of those participants and other persons who may be deemed participants may be obtained by reading the Proxy Statement/Prospectus included in the Registration Statement and other relevant documents regarding the proposed merger transaction filed with the SEC when they become available. Copies of these documents may be obtained free of charge from the sources described above.

CONTACT: Randall M. Chesler
(406) 751-4722

Ron J. Copher
(406) 751-7706

The MIL Network –

June 25, 2025
MIL-OSI: Glacier Bancorp, Inc. to Expand Southwest Presence and Enter Texas by Acquisition of Guaranty Bancshares, Inc.

Source: GlobeNewswire (MIL-OSI)

KALISPELL, Mont. and MOUNT PLEASANT, Texas, June 24, 2025 (GLOBE NEWSWIRE) — Glacier Bancorp, Inc. (“Glacier” or the “Company”) (NYSE: GBCI) and Guaranty Bancshares, Inc. (“Guaranty”) (NYSE: GNTY), the bank holding company for Guaranty Bank & Trust, N.A., a leading community bank headquartered in Mount Pleasant, Texas, today jointly announced the signing of a definitive agreement, pursuant to which Glacier will acquire Guaranty in an all-stock transaction. The acquisition marks Glacier’s 27^th bank acquisition since 2000 and its 13^th announced transaction in the past 10 years. As of March 31, 2025, Guaranty had total assets of $3.2 billion, total gross loans of $2.1 billion and total deposits of $2.7 billion.

The boards of Glacier and Guaranty unanimously approved the transaction, which is subject to regulatory approvals, Guaranty shareholder approval, and other customary conditions of closing. The definitive agreement provides that upon closing of the transaction, Guaranty shareholders are to receive 1.0000 share of Glacier stock for each Guaranty share (subject to adjustment under certain circumstances). Based on the closing price of $41.58 for Glacier shares on June 23, 2025, the transaction would result in aggregate consideration of $476.2 million (inclusive of the value to Guaranty stock options) and value of $41.58 per Guaranty share. Upon closing of the transaction, which is anticipated to take place in the fourth quarter of 2025, Guaranty Bank & Trust will operate as a new banking division under the name “Guaranty Bank & Trust, Division of Glacier Bank,” representing Glacier’s 18^th separate bank division.

“We are thrilled to add Guaranty Bank & Trust to the Glacier family of banks as a new banking Division,” said Randy Chesler, Glacier’s President and CEO. “This is a compelling opportunity to further expand our presence in the Southwest. Guaranty fits strategically and culturally within the unique Glacier business model and will allow us to enter a complementary state with an exceptional demographic profile, strong growth prospects, and a business-friendly operating environment. The Texas economy is estimated to be worth $2.7 trillion, and if Texas were an independent country, its economy would be the 8^th largest in the world.” Chesler also noted that “This acquisition continues our long history of consistently adding high quality community banks to our proven banking model and we are very enthusiastic about the future opportunities this partnership will provide.”

“Guaranty Bank & Trust has a 100+ year history of doing business in the State of Texas, and we are pleased to find a partner that emphasizes the relationship banking model that has been core to our success over many decades and through many business cycles,” said Ty Abston, Guaranty’s Chairman and CEO. “The opportunity to join Glacier Bancorp, which is a family of community banks that collectively share our banking philosophy, culture and character, was a perfect opportunity to position Guaranty Bank & Trust for the future. We will continue to grow and invest in our communities and our customers will be dealing with the same familiar faces, led by the same management team, in each of our markets. This partnership gives Guaranty added strength, with the support of a larger balance sheet and the resources to invest in the latest technologies and products to serve our existing and future customers. We are excited to join the Glacier family of banks and look forward to the opportunities and benefits this combination will bring to our clients, employees, communities and shareholders.”

Glacier management will review additional information regarding the transaction on a conference call beginning at 7:00 a.m. Mountain Time on Wednesday, June 25, 2025.

Investors who would like to join the call may now register by following this link to obtain dial-in instructions: https://register-conf.media-server.com/register/BIdfefa202793d4cf9b9b8d5068cef9318

To participate via the webcast, log on to: https://edge.media-server.com/mmc/p/n3vugmow

If you are unable to participate during the live webcast, the call will be archived on our website, www.glacierbancorp.com.

A slide presentation to accompany management’s commentary may be accessed from Glacier’s June 24, 2025, Form 8-K filing with the Securities and Exchange Commission (the “SEC”) or at https://www.glacierbancorp.com/news-market-information/annual-reports-presentations.

Glacier was advised in the transaction by Stephens Inc. as financial advisor and Miller Nash LLP as legal counsel. Guaranty was advised by Keefe Bruyette & Woods, A Stifel Company as financial advisor and Norton Rose Fulbright US LLP as legal counsel.

About Glacier Bancorp, Inc.

Glacier Bancorp, Inc. is the parent company for Glacier Bank and its bank divisions: Altabank (American Fork, UT), Bank of the San Juans (Durango, CO), Citizens Community Bank (Pocatello, ID), Collegiate Peaks Bank (Buena Vista, CO), First Bank of Montana (Lewistown, MT), First Bank of Wyoming (Powell, WY), First Community Bank Utah (Layton, UT), First Security Bank (Bozeman, MT), First Security Bank of Missoula (Missoula, MT), First State Bank (Wheatland, WY), Glacier Bank (Kalispell, MT), Heritage Bank of Nevada (Reno, NV), Mountain West Bank (Coeur d’Alene, ID), The Foothills Bank (Yuma, AZ), Valley Bank (Helena, MT), Western Security Bank (Billings, MT), and Wheatland Bank (Spokane, WA).
Visit Glacier’s website at www.glacierbancorp.com.

About Guaranty Bancshares

Guaranty Bancshares, Inc. is the parent company for Guaranty Bank & Trust, N.A. and has 33 banking locations across 26 Texas communities located within the East Texas, Dallas/Fort Worth, Houston and Central Texas regions of the state. As of March 31, 2025, Guaranty Bancshares, Inc. had total assets of $3.2 billion, total loans of $2.1 billion and total deposits of $2.7 billion.

Visit Guaranty’s website at www.gnty.com.

Forward-Looking Statements

This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by words such as “estimate,” “anticipate,” “expect,” “will,” and similar references to future periods. Such forward-looking statements include but are not limited to statements regarding the expected closing of the transaction and its timing and the potential benefits of the business combination transaction involving Glacier and Guaranty, including future financial and operating results, the combined company’s plans, objectives, expectations and intentions, and other statements that are not historical facts regarding either company or the proposed combination of the companies. These forward-looking statements are subject to risks and uncertainties, many of which are outside of our control, that may cause actual results or events to differ materially from those projected, including but not limited to the following: risks that the proposed merger transaction will not close when expected or at all because required regulatory, shareholder or other approvals or conditions to closing are delayed or not received or satisfied on a timely basis or at all; risks that the benefits from the transaction may not be fully realized or may take longer to realize than expected, including as a result of changes in general economic and market conditions, interest and exchange rates, monetary policy, laws and regulations and their enforcement, and the degree of competition in the geographic and business areas in which Glacier and Guaranty operate; uncertainties regarding the ability of Glacier Bank and Guaranty Bank & Trust to promptly and effectively integrate their businesses, including into Glacier Bank’s existing division structure; changes in business and operational strategies that may occur between signing and closing; uncertainties regarding the reaction to the proposed transaction of the companies’ respective customers, employees, and contractual counterparties; and risks relating to the diversion of management time on merger-related issues. Readers are cautioned not to place undue reliance on the forward-looking statements, which speak only as of the date on which they are made and reflect management’s current estimates, projections, expectations and beliefs. Glacier undertakes no obligation to publicly revise or update the forward-looking statements to reflect events or circumstances that arise after the date of this report. For more information, see the risk factors described in Glacier’s Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and other filings with the SEC.

Important Information and Where You Can Find It

This communication relates to the proposed merger transaction involving Glacier and Guaranty. This communication does not constitute an offer to sell or the solicitation of an offer to buy any securities or the solicitation of any vote or approval.

In connection with the proposed merger transaction, Glacier expects to file with the SEC a Registration Statement on Form S-4 (the “Registration Statement”) that will include a Preliminary Proxy Statement of Guaranty and a Preliminary Prospectus of Glacier, as well as other relevant documents concerning the proposed transaction. After the Registration Statement is declared effective, Guaranty will mail a Definitive Proxy Statement/Prospectus to its shareholders. This communication is not a substitute for the Proxy Statement/Prospectus or Registration Statement or for any other document that Glacier or Guaranty may file with the SEC and send to Guaranty’s shareholders in connection with the proposed merger transaction. Shareholders of Guaranty are urged to read carefully the Registration Statement and accompanying Proxy Statement/Prospectus regarding the proposed merger transaction when it becomes available and any other relevant documents filed with the SEC, as well as any amendments or supplements to those documents, because they will contain important information.

Free copies of the Proxy Statement/Prospectus included in the Registration Statement, as well as other filings containing information about Glacier, Guaranty, and the proposed transaction, may be obtained at the SEC’s Internet site (http://www.sec.gov). You will also be able to obtain these documents, free of charge, from Glacier at www.glacierbancorp.com under the tab “SEC Filings” and in the “Investors” section of GNTY’s website, www.gnty.com, under the heading “Financial Information – SEC Filings” or by requesting them in writing or by telephone from Glacier at: Glacier Bancorp, Inc., 49 Commons Loop, Kalispell, Montana 59901, ATTN: Corporate Secretary; Telephone (406) 751-7706 or by requesting them in writing or by telephone from Guaranty at: Guaranty Bancshares, Inc., 16475 Dallas Parkway, Suite 600, Addison, Texas 75001 ATTN: Corporate Secretary; Telephone (888) 572,9881.

Participants in the Solicitation

GBCI and GNTY and certain of their directors and executive officers may be deemed to be participants in the solicitation of proxies from the shareholders of GNTY in connection with the proposed merger transaction. Information about the directors and executive officers of GBCI is set forth in the proxy statement for GBCI’s 2025 annual meeting of shareholders, as filed with the SEC on Schedule 14A on March 12, 2025. Information about the directors and executive officers of GNTY is set forth in the proxy statement for Guaranty’s 2025 annual meeting of shareholders, as filed with the SEC on Schedule 14A on March 31, 2025. Additional information regarding the interests of those participants and other persons who may be deemed participants may be obtained by reading the Proxy Statement/Prospectus included in the Registration Statement and other relevant documents regarding the proposed merger transaction filed with the SEC when they become available. Copies of these documents may be obtained free of charge from the sources described above.

CONTACT: Randall M. Chesler
(406) 751-4722

Ron J. Copher
(406) 751-7706

The MIL Network –

June 25, 2025
MIL-OSI: 3D Systems Announces Significant Strengthening of Balance Sheet
Source: GlobeNewswire (MIL-OSI)
- Transactions permanently retire approximately $88 million of debt, 41% of prior balance, at a meaningful discount to par
- Refinancing extends maturity with issuance of $92 million Convertible Senior Secured Notes due 2030
- Repurchase of 8 million shares, representing approximately 6% of the Company’s outstanding common stock, in connection with the transaction reduces dilution for equity holders
- Strong remaining cash reserves support completion of restructuring efforts while maintaining continuity in key growth initiatives
ROCK HILL, S.C., June 24, 2025 (GLOBE NEWSWIRE) — Today, 3D Systems (NYSE: DDD) announced the closing of a series of strategic transactions to retire/refinance its outstanding 2026 convertible notes and repurchase shares of its common stock. The Company completed separate, privately negotiated agreements with a limited number of qualified institutional buyers to:
- Repurchase approximately $180 million in aggregate principal amount of its outstanding 0% Convertible Senior Notes due November 15, 2026 (the “Existing Notes”) at a price of 94.6% of par, and
- Issue $92 million aggregate principal amount of new 5.875% Convertible Senior Secured Notes due 2030 (the “New Notes”).
In connection with these transactions, the Company has repurchased approximately 8 million shares of its common stock concurrently with the closing of the New Notes issuance. The repurchase represents approximately 6% of 3D Systems’ 136.4 million shares outstanding as of May 2, 2025.

Following closing of these transactions, the Company’s balance sheet will reflect:
- Approximately $35 million principal amount of the Existing Notes, due in November, 2026;
- Approximately $92 million principal amount of the New Notes due in 2030; and
- Approximately $140 million of cash to support debt obligations, restructuring activities and ongoing investment in key growth initiatives.
The New Notes will mature on June 15, 2030, unless earlier converted, redeemed, or repurchased, and will bear interest at a rate of 5.875% per annum, payable semi-annually. The New Notes are convertible into shares of 3D Systems common stock at an initial conversion price reflecting a 20% premium to the Company’s last reported closing price on the New York Stock Exchange as of June 17, 2025.

In connection with the repurchase of the Existing Notes at a discount to par, the Company expects to recognize a gain of approximately $10 million in its financial statements for the second quarter.

Dr. Jeffrey Graves, president and CEO of 3D Systems said, “We are pleased to announce the successful completion of these refinancing transactions, which mark an important step in the continued strengthening of our capital structure. Aided by our strong cash position, the transactions immediately reduce our overall outstanding debt at an attractive discount, significantly extending our debt maturity profile, while managing potential dilution through a simultaneous share repurchase. These transactions follow those of prior periods that have reduced our total debt by over 72% since 2021, with all of the transactions executed at opportunistic periods that have offered meaningful discounts to par value. We believe the transactions position 3D Systems with enhanced financial flexibility and a stronger foundation to continue executing our strategic initiatives and driving long-term value for our shareholders.”

This announcement is neither an offer to sell nor a solicitation of an offer to buy any of these securities (including the shares of common stock, if any, into which the notes are convertible in certain circumstances), nor shall there be any offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under applicable securities laws.

The offer and sale of the notes and any shares of common stock issuable upon conversion of the notes have not been registered under the Securities Act of 1933, as amended, or qualified under any state securities laws and may not be offered or sold in the United States absent registration or an applicable exemption from such registration or qualification requirements.

Advisors

Cantor Fitzgerald & Co. acted as Financial Advisor and Sole Placement Agent of the New Notes to 3D Systems.

Goodwin Procter LLP served as legal counsel to Cantor Fitzgerald.

McGuireWoods LLP served as legal counsel to 3D Systems.

Forward-Looking Statements
Certain statements made in this release that are not statements of historical or current facts are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company to be materially different from historical results or from any future results or projections expressed or implied by such forward-looking statements. In many cases, forward-looking statements can be identified by terms such as “believes,” “belief,” “expects,” “may,” “will,” “estimates,” “intends,” “anticipates” or “plans” or the negative of these terms or other comparable terminology. Forward-looking statements are based upon management’s beliefs, assumptions, and current expectations and may include comments as to the Company’s beliefs and expectations as to future events and trends affecting its business and are necessarily subject to uncertainties, many of which are outside the control of the Company. The factors described under the headings “Forward-Looking Statements” and “Risk Factors” in the Company’s periodic filings with the Securities and Exchange Commission, as well as other factors, could cause actual results to differ materially from those reflected or predicted in forward-looking statements. Although management believes that the expectations reflected in the forward-looking statements are reasonable, forward-looking statements are not, and should not be relied upon as a guarantee of future performance or results, nor will they necessarily prove to be accurate indications of the times at which such performance or results will be achieved. The forward-looking statements included are made only as of the date of the statement. 3D Systems undertakes no obligation to update or review any forward-looking statements made by management or on its behalf, whether as a result of future developments, subsequent events or circumstances or otherwise, except as required by law.

About 3D Systems
Nearly 40 years ago, Chuck Hull’s curiosity and desire to improve the way products were designed and manufactured gave birth to 3D printing, 3D Systems, and the additive manufacturing industry. Since then, that same spark continues to ignite the 3D Systems team as we work side-by-side with our customers to change the way industries innovate. As a full-service solutions partner, we deliver industry-leading 3D printing technologies, materials and software to high-value markets such as medical and dental; aerospace, space and defense; transportation and motorsports; AI infrastructure; and durable goods. Each application-specific solution is powered by the expertise and passion of our employees who endeavor to achieve our shared goal of Transforming Manufacturing for a Better Future. More information on the Company is available at www.3dsystems.com.

Investor Contact: investor.relations@3dsystems.com
Media Contact: press@3dsystems.com

The MIL Network –
June 25, 2025

MIL-OSI: Anterix Inc. Reports Full Fiscal Year 2025 Results

Source: GlobeNewswire (MIL-OSI)

WOODLAND PARK, N.J., June 24, 2025 (GLOBE NEWSWIRE) — Anterix (NASDAQ: ATEX) today announced fiscal 2025 fourth quarter and full fiscal year financial results and filed its 10-K for the year ended March 31, 2025. The Company also issued an update on its Demonstrated Intent metric which can be found on Anterix’s website at https://investors.anterix.com/events-presentations.

Full Year FY2025 Financial and Operational Highlights

Appointed Scott Lang as President and Chief Executive Officer effective October 8, 2024
Appointed Thomas Kuhn as Executive Chairman of the Board in January 2025
Executed new spectrum sale agreements with Oncor Electric Delivery Company LLC (“Oncor”) for $102.5 million in June 2024 and Lower Colorado River Authority (“LCRA”) for $13.5 million in January 2025
Received milestone payments of $8.5 million from Ameren Corporation (“Ameren”) and $44.0 million from Oncor
Approximately $147 million of contracted proceeds outstanding with approximately $80 million to be received in fiscal 2026
Exchanged narrowband for broadband licenses in 67 counties and recorded a $22.8 million gain
Invested $18.1 million in spectrum clearing costs
Secured FCC approval of a Notice of Proposed Rulemaking to expand the current paired 3 x 3 MHz broadband segment to a paired 5 x 5 MHz broadband segment within the 900 MHz band in January 2025
Initiated a strategic review process after receiving inbound interest in the Company in February 2025 which remains ongoing
Launched the AnterixAccelerator™ industry engagement initiative in March 2025 to speed up utility adoption of private broadband networks; the program is now oversubscribed with utilities actively engaged in discussions and negotiations for $250 million in 900 MHz spectrum incentives
Approximately $3 billion pipeline of prospective contract opportunities across 60+ potential customers

Fourth Quarter FY2025 Financial Highlights

Exchanged narrowband for broadband licenses in 47 counties and recorded a $2.0 million gain
Transferred four broadband licenses to Oncor and recorded an $18.3 million gain on the sale of intangible assets
Invested $5.5 million in spectrum clearing costs
Successfully identified and executed on several measures to reduce operating expenses, mainly through cuts in consulting fees and headcount costs

Liquidity and Balance Sheet

At March 31, 2025, the Company had no debt and cash and cash equivalents of $47.4 million. In addition, the Company had a restricted cash balance of $7.7 million in escrow deposits.

The Company has an authorized share repurchase program for up to $250.0 million of the Company’s common stock on or before September 21, 2026. In the fiscal 2025 fourth quarter and full fiscal, Anterix had share repurchase activity of $2.0 million and $8.4 million, respectively. As of March 31, 2025, $227.7 million is remaining under the share repurchase program.

Conference Call Information

Anterix senior management will hold an analyst and investor conference call to provide a business update at 9:00 A.M. ET on Wednesday, June 25, 2025. Participants interested in joining the call’s live question and answer session are required to pre-register by clicking on the following link https://investors.anterix.com/events/event-details/q4-fy2025-anterix-earnings-conference-call to obtain a dial-in number and unique PIN. It is recommended that you join the call at least 10 minutes before the conference call begins. The call is also being webcast live and will be accessible on the Investor Relations section of Anterix’s website at https://investors.anterix.com/events-presentations. Following the event, a replay of the call will also be available on the Anterix website.

About Anterix Inc.

At Anterix, we work with leading utilities and technology companies to harness the power of 900 MHz broadband for modernized grid solutions. Leading an ecosystem of more than 125 members, we offer utility-first solutions to modernize the grid and solve the challenges that utilities are facing today. As the largest holder of licensed spectrum in the 900 MHz band (896-901/935-940 MHz) throughout the contiguous United States, plus Alaska, Hawaii, and Puerto Rico, we are uniquely positioned to enable private wireless broadband solutions that support cutting-edge advanced communications capabilities for a cleaner, safer, and more secure energy future. To learn more and join the 900 MHz movement, please visit www.anterix.com.

Forward-Looking Statements

Certain statements contained in this press release constitute forward-looking statements within the meaning of the federal securities laws that involve risks and uncertainties. Forward-looking statements include, without limitation, any statement that may predict, forecast, indicate or imply future events or achievements such as statements in this press release related to Anterix’s business, financial results, outlook, or opportunities. Actual events or results may differ materially from those contemplated in this press release. Forward-looking statements speak only as of the date they are made and readers are cautioned not to put undue reliance on such statements, as they are subject to a number of risks and uncertainties that could cause Anterix’s actual future results to differ materially from results indicated in the forward-looking statement. Such statements are based on assumptions that could cause actual results to differ materially from those in the forward-looking statements, including: (i) the timing of payments under customer agreements; (ii) Anterix’s ability to clear the 900 MHz Broadband Spectrum on a timely basis and on commercially reasonable terms; (iii) Anterix’s ability to timely secure broadband licenses; (iv) Anterix’s ability to successfully commercialize its spectrum assets to its targeted utility customers in accordance with its plans and expectations; (v) Anterix’s ability to execute on its customer engagement initiatives; (vi) the timing and outcome of Anterix’s strategic review process; (vii) whether Anterix will be able to identify, develop or execute on any actions as a result of its strategic review process and (viii) competition in the market for spectrum and spectrum solutions offered by Anterix. Actual events or results may differ materially from those contemplated in this press release. Anterix’s filings with the Securities and Exchange Commission (“SEC”), which you may obtain for free at the SEC’s website at http://www.sec.gov, discuss some of the important risk factors that may affect the Company’s financial outlook, business, results of operations and financial condition. Anterix undertakes no obligation to update publicly or revise any forward-looking statements contained herein.

Shareholder Contact

Natasha Vecchiarelli
Vice President, Investor Relations & Corporate Communications
Anterix
973-531-4397
nvecchiarelli@anterix.com



Anterix Inc.
Earnings Release Tables
Consolidated Balance Sheets
(in thousands, except share and per share data)

	March 31, 2025			March 31, 2024
ASSETS
Current assets
Cash and cash equivalents	$	47,374		$	60,578
Non-trade receivable		2,926			—
Spectrum receivable		7,107			8,521
Escrow deposits		547			—
Prepaid expenses and other current assets		2,801			3,912
Total current assets		60,755			73,011
Escrow deposits		7,103			7,546
Property and equipment, net		1,302			2,062
Right of use assets, net		4,829			4,432
Intangible assets		228,983			216,743
Deferred broadband costs		28,944			19,772
Other assets		1,188			1,328
Total assets	$	333,104		$	324,894
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities
Accounts payable and other accrued expenses	$	9,075		$	8,631
Accrued severance and other related charges		2,265			—
Due to related parties		30			—
Operating lease liabilities		1,643			1,850
Contingent liability		8,093			1,000
Deferred revenue		6,095			6,470
Total current liabilities		27,201			17,951
Operating lease liabilities		3,747			3,446
Contingent liability		15,336			15,000
Deferred revenue		118,577			115,742
Deferred gain on sale of intangible assets		4,911			4,911
Deferred income tax		6,606			6,281
Other liabilities		125			531
Total liabilities		176,503			163,862
Commitments and contingencies
Stockholders’ equity
Preferred stock, $0.0001 par value per share, 10,000,000 shares authorized and no shares outstanding at March 31, 2025 and March 31, 2024		—			—
Common stock, $0.0001 par value per share, 100,000,000 shares authorized and 18,612,804 shares issued and outstanding at March 31, 2025 and 18,452,892 shares issued and outstanding at March 31, 2024		2			2
Additional paid-in capital		548,542			533,203
Accumulated deficit		(391,943	)		(372,173	)
Total stockholders’ equity		156,601			161,032
Total liabilities and stockholders’ equity	$	333,104		$	324,894

Anterix Inc.
Earnings Release Tables
Consolidated Statements of Operations
(in thousands, except share and per share data)

	Three Months Ended March 31,						Year Ended March 31,
		2025			2024			2025			2024
Spectrum revenue	$	1,389		$	1,260		$	6,031		$	4,191

Operating expenses
General and administrative		9,220			9,593			42,671			44,423
Sales and support		1,594			1,728			6,110			5,693
Product development		1,089			2,243			5,735			5,697
Severance and other related charges		258			—			3,771			—
Depreciation and amortization		76			191			548			844
Operating expenses		12,237			13,755			58,835			56,657
Gain on exchange of intangible assets, net		(1,953	)		(1,989	)		(22,799	)		(35,024	)
Gain on sale of intangible assets, net		(18,294	)		—			(18,294	)		(7,364	)
Loss from disposal of long-lived assets, net		3			5			3			44
Income (loss) from operations		9,396			(10,511	)		(11,714	)		(10,122	)
Interest income		446			926			2,159			2,374
Other income		40			44			75			233
Income (loss) before income taxes		9,882			(9,541	)		(9,480	)		(7,515	)
Income tax expense (benefit)		674			(130	)		1,892			1,613
Net income (loss)	$	9,208		$	(9,411	)	$	(11,372	)	$	(9,128	)
Net income (loss) per common share basic	$	0.50		$	(0.51	)	$	(0.61	)	$	(0.49	)
Net income (loss) per common share diluted	$	0.49		$	(0.51	)	$	(0.61	)	$	(0.49	)
Weighted-average common shares used to compute basic net income (loss) per share		18,577,700			18,483,292			18,562,446			18,765,190
Weighted-average common shares used to compute diluted net income (loss) per share		18,709,205			18,483,292			18,562,446			18,765,190

Anterix Inc.
Earnings Release Tables
Consolidated Statements of Cash Flows
(in thousands)

	Three Months Ended March 31,						Year Ended March 31,
		2025			2024			2025			2024
CASH FLOWS FROM OPERATING ACTIVITIES
Net income (loss)	$	9,208		$	(9,411	)	$	(11,372	)	$	(9,128	)
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities
Depreciation and amortization		76			191			548			844
Stock compensation expense		2,912			3,483			13,531			15,507
Deferred income taxes		(130	)		(51	)		325			841
Rights of use assets		431			2,770			1,657			1,512
Gain on exchange of intangible assets, net		(1,953	)		(1,989	)		(22,799	)		(35,024	)
Gain on sale of intangible assets, net		(18,294	)		—			(18,294	)		(7,364	)
Loss from disposal of long-lived assets, net		3			5			3			44
Changes in operating assets and liabilities
Non-trade receivable		(2,926	)		—			(2,926	)		—
Prepaid expenses and other assets		(139	)		(1,493	)		1,126			(1,171	)
Accounts payable and other accrued expenses		167			348			550			1,936
Accrued severance and other related charges		(25	)		—			2,265			—
Due to related parties		30			—			30			(533	)
Operating lease liabilities		(507	)		(2,865	)		(1,960	)		(1,924	)
Contingent liability		(4,001	)		—			5,999			15,000
Deferred revenue		(1,389	)		15,152			2,460			61,453
Other liabilities		(18	)		—			(406	)		—
Net cash (used in) provided by operating activities		(16,555	)		6,140			(29,263	)		41,993
CASH FLOWS FROM INVESTING ACTIVITIES
Purchases of intangible assets, including refundable deposits, retuning costs and swaps		(5,474	)		(2,222	)		(18,095	)		(17,031	)
Proceeds from sale of spectrum		40,935			—			40,935			25,427
Purchases of equipment		(46	)		(40	)		(87	)		(307	)
Net cash provided by (used in) investing activities		35,415			(2,262	)		22,753			8,089
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from stock option exercises		1,691			770			3,651			777
Repurchase of common stock		(1,955	)		(5,970	)		(8,398	)		(24,676	)
Payments of withholding tax on net issuance of restricted stock		—			(104	)		(1,843	)		(1,241	)
Net cash used in financing activities		(264	)		(5,304	)		(6,590	)		(25,140	)
Net change in cash and cash equivalents and restricted cash		18,596			(1,426	)		(13,100	)		24,942
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH
Cash and cash equivalents and restricted cash at beginning of the year		36,428			69,550			68,124			43,182
Cash and cash equivalents and restricted cash at end of the year	$	55,024		$	68,124		$	55,024		$	68,124

The following tables provide a reconciliation of cash and cash equivalents and restricted cash reported on the Consolidated Balance Sheets that sum to the total of the same such amounts on the Consolidated Statements of Cash Flows:

	March 31, 2025		March 31, 2024		March 31, 2023
Cash and cash equivalents	$	47,374	$	60,578	$	43,182
Escrow deposits		7,650		7,546		—
Total cash and cash equivalents and restricted cash	$	55,024	$	68,124	$	43,182

			December 31, 2024		December 31, 2023
Cash and cash equivalents			$	28,797	$	62,033
Escrow deposits				7,631		7,517
Total cash and cash equivalents and restricted cash			$	36,428	$	69,550

Anterix Inc.
Earnings Release Tables
Other Financial Information
(in thousands except per share data)

	Three Months Ended March 31,				Year Ended March 31,
		2025		2024		2025		2024
Number of shares repurchased and retired		50		173		245		736
Average price paid per share*	$	38.63	$	33.80	$	33.71	$	33.72
Total cost to repurchase	$	1,955	$	5,970	$	8,398	$	24,676

*	Average price paid per share includes costs associated with the repurchases, excluding excise taxes associated with the share repurchases.

As of March 31, 2025, $227.7 million is remaining under the share repurchase program.

The MIL Network –

June 25, 2025

MIL-OSI: Farmers & Merchants Bancorp, Inc. Declares 2025 Second-Quarter Cash Dividend

Source: GlobeNewswire (MIL-OSI)

ARCHBOLD, Ohio, June 24, 2025 (GLOBE NEWSWIRE) — The Board of Directors of Farmers & Merchants Bancorp, Inc., (Nasdaq: FMAO) the holding company of F&M Bank, with total assets of $3.39 billion at March 31, 2025, today announced that it has approved the Company’s quarterly cash dividend of $0.22125 per share. The second-quarter dividend is payable on July 20, 2025, to shareholders of record as of July 7, 2025.

For over 50 years, F&M has paid a quarterly dividend and has increased its annual dividend for 30 consecutive years reflecting the Company’s long-standing commitment to return capital to shareholders.

About Farmers & Merchants State Bank:
F&M Bank is a local independent community bank that has been serving its communities since 1897. F&M Bank provides commercial banking, retail banking and other financial services. Our locations are in Butler, Champaign, Fulton, Defiance, Hancock, Henry, Lucas, Shelby, Williams, and Wood counties in Ohio. In Northeast Indiana, we have offices located in Adams, Allen, DeKalb, Jay, Steuben and Wells counties. The Michigan footprint includes Oakland County, and we have Loan Production Offices in Troy, Michigan; Muncie, Indiana; and Perrysburg and Bryan, Ohio.

Safe Harbor statement
Farmers & Merchants Bancorp, Inc. (“F&M”) wishes to take advantage of the Safe Harbor provisions included in the Private Securities Litigation Reform Act of 1995. Statements by F&M, including management’s expectations and comments, may not be based on historical facts and are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21B of the Securities Exchange Act of 1934, as amended. Actual results could vary materially depending on risks and uncertainties inherent in general and local banking conditions, competitive factors specific to markets in which F&M and its subsidiaries operate, future interest rate levels, legislative and regulatory decisions, capital market conditions, or the effects of the COVID-19 pandemic, and its impacts on our credit quality and business operations, as well as its impact on general economic and financial market conditions. F&M assumes no responsibility to update this information. For more details, please refer to F&M’s SEC filing, including its most recent Annual Report on Form 10-K and quarterly reports on Form 10-Q. Such filings can be viewed at the SEC’s website, www.sec.gov or through F&M’s website www.fm.bank.

Company Contact:	Investor and Media Contact:
Lars B. Eller President and Chief Executive Officer Farmers & Merchants Bancorp, Inc. (419) 446-2501 leller@fm.bank	Andrew M. Berger Managing Director SM Berger & Company, Inc. (216) 464-6400 andrew@smberger.com

The MIL Network –

June 25, 2025

MIL-OSI: Farmers & Merchants Bancorp, Inc. Declares 2025 Second-Quarter Cash Dividend

Source: GlobeNewswire (MIL-OSI)

Company Contact:	Investor and Media Contact:
Lars B. Eller President and Chief Executive Officer Farmers & Merchants Bancorp, Inc. (419) 446-2501 leller@fm.bank	Andrew M. Berger Managing Director SM Berger & Company, Inc. (216) 464-6400 andrew@smberger.com

The MIL Network –

June 25, 2025

MIL-OSI USA: Vermont Delegation, Governor Scott Celebrate New Funding for Northern Border Regional Commission Awards

US Senate News:

Source: United States Senator Peter Welch (D-Vermont)
BURLINGTON, VT – Today, the Vermont Congressional Delegation, Senators Bernie Sanders (I-Vt.), Peter Welch (D-Vt.), and Representative Becca Balint (VT-At Large), along with Governor Phil Scott and the Northern Border Regional Commission (NBRC) announced NBRC’s Spring 2025 Catalyst Program awardees. Eleven projects in Vermont will receive a cumulative $13.7 million in funding to support initiatives that will increase market access for Vermont food producers, renovate historic and community gathering sites, and upgrade aging infrastructure and municipal drinking water systems.
Established in 2008, the NBRC is a Federal-State partnership in northern Maine, New Hampshire, Vermont, and New York, designed to stimulate economic growth and inspire collaboration to improve rural economic vitality across the four-state NBRC region.
“The Northern Border Regional Commission plays a crucial role in supporting rural economies and communities in Vermont. These funds will be a catalyst for economic growth in rural communities across our state–from renewing vital drinking water infrastructure to renovating historic buildings and community gathering spaces,” said the Vermont Congressional Delegation. “We’re pleased to see these projects receive funding to help communities in every corner of the Green Mountain State grow and thrive.”
“Investing in our communities and fixing aging infrastructure, is key to addressing many of the housing and affordability challenges we’re facing in the state,” said Governor Scott. “I want to thank the congressional delegation for their advocacy for this funding as well as the Agency of Commerce and Community Development and NBRC for their work to support these important projects.”
“The slate of awards approved by the Commission represent a generational investment in local economies across Northern New England and New York. This public investment in infrastructure will directly lead to the creation of new jobs and businesses, housing construction and improved economic opportunity and vitality in rural communities,” said NBRC Federal Co-Chair Chris Saunders.
“This grant will have a huge impact on our community, and we are so grateful that this resource exists to make these improvements possible. With these funds, the Bolton Valley community will be able to move forward with a much-needed wastewater plant upgrade and set the stage for new residential development. These funds will move the needle on these projects. We truly cannot overstate the impact,” said Lindsay Deslauriers, President, CEO of Bolton Valley Water and Community Development Co.
When evaluating potential projects, the Catalyst Program considers project readiness, economic impacts, impacts on Vermont’s skilled workforce, project location, regional input and priorities, and the project’s transformational nature. Awarded projects in the 2025 Catalyst Spring Competition will support essential transportation and water and wastewater infrastructure, expand access to child care, and restore vital economic and social hubs for the rural communities, and more.
The 2025 Catalyst Spring Competition Awardees include:
Bennington County Industrial Corporation (Bennington County) – $3,000,000:
Develop essential transportation and water/wastewater infrastructure, supporting long-term economic revitalization in the Putnam Block of downtown Bennington.
Bolton Valley Water and Community Development Co. (Chittenden County) – $3,000,000:
Upgrade the community wastewater plant and construct a new road to support housing and economic growth.
Rutland City (Rutland County) – $3,000,000:
Modernize Downtown Rutland’s infrastructure, enhancing economic growth and resilience.
Town of Highgate (Franklin County) – $1,000,000:
Construct a community wastewater system, enhancing infrastructure for residents, businesses, and public spaces in Highgate Center.
Town of Rochester (Windsor County) – $1,000,000:
Re-purpose the former Rochester High School into a multi-use community hub.
Town of Woodstock (Windsor County) – $868,858.52:
Upgrade its municipal drinking water system, increasing pressure and capacity to support new housing and business development.
Benson Village Trust, Inc. (Rutland County) – $500,000:
Rebuild the Benson Village Store, restoring a vital economic and social hub for the rural community of Benson, Vermont.
Food Connects (Windham County) – $499,385.50:
Expand its storage and distribution infrastructure, increasing market access for Vermont food producers and supporting rural economic development.
Canaan Naturally Connected, Inc. (Essex County) – $449,044.00:
Renovate a historic Episcopal Church into the Canaan Community Center, a vital hub for economic and social engagement in rural Essex County, Vermont.
Southeast Vermont Transit, Inc. (Windham County) – $282,078.00:
Convert Springfield, Vermont’s fixed-route bus system, into a free, on-demand micro transit service.
Sage Mountain Botanical Sanctuary (Orange County) – $100,000:
Conduct a feasibility study for expanding childcare facilities and outdoor recreation infrastructure, addressing critical service gaps in rural Vermont.
Read more from NBRC here. The NBRC’s grants management system will open for Fall Round pre-applications in August 2025. Learn more about how to apply here.

MIL OSI USA News –

June 25, 2025
MIL-OSI USA: Ciscomani Urges the Senate to Protect Medicaid

Source: United States House of Representatives – Congressman Juan Ciscomani (Arizona)

WASHINGTON, D.C. — U.S. Congressman Juan Ciscomani and 15 colleagues are urging Senate and House leaders to protect Medicaid, firmly opposing legislation that limits access to Medicaid coverage for vulnerable individuals or jeopardizes the ability for hospitals to provide care.

“Throughout the budget process, we have consistently affirmed our commitment to ensuring that reductions in federal spending do not come at the expense of our most vulnerable constituents,” the lawmakers wrote in a letter to Senate Majority Leader John Thune and House Speaker Mike Johnson. “We write to reiterate that commitment to those we represent here in Washington… The proposal released by the Senate Finance Committee on June 16 includes provisions that go beyond H.R. 1. The House’s approach reflects a more pragmatic and compassionate standard, and we urge that it be retained in the final bill.”

The lawmakers continued: “Protecting Medicaid is essential for the vulnerable constituents we were elected to represent. Therefore, we cannot support a final bill that threatens access to coverage or jeopardizes the stability of our hospitals and providers.”

In April, Ciscomani joined a letter to House Republican leadership making it clear that they would not support a reconciliation package that reduces Medicaid coverage for those who need it and who have limited options for health coverage, such as single mothers, those with disabilities, the working poor, and the elderly.

Following this letter, Ciscomani met with the White House, Republican leadership, and the Energy and Commerce Committee to prevent changes to the Federal Medical Assistance Percentage (FMAP), a decrease in Arizona’s provider tax, and per capita caps from being included in the final House reconciliation package. Those provisions were not included in the bill that Ciscomani voted for.

In February, Congressman Ciscomani was among members of the Congressional Hispanic Conference who sent a letter to Speaker Mike Johnson, saying that cutting Medicaid “would have serious consequences, particularly in rural and predominantly Hispanic communities where hospitals and nursing homes are already struggling to keep their doors open.”

The most recent letter was written by Congressman David Valadao (R-CA) and includes Reps. Rob Bresnahan (R-PA), Chuck Edwards (R-NC), Young Kim (R-CA), Andrew Garbarino (R-NY), Michael Lawler (R-NY), Jen Kiggans (R-VA), Jeff Van Drew (R-NJ), Don Bacon (R-NE), Dan Newhouse (R-WA), Zach Nunn (R-IA), Rob Wittman (R-VA), Nicole Malliotakis (R-NY), Mariannette Miller-Meeks (R-IA), and Jeff Hurd (R-CO).

Find the full letter here or below:

Dear Speaker Johnson and Majority Leader Thune,

As Members of Congress who helped secure a Republican majority, we believe it is essential that the final reconciliation bill reflects the priorities of our constituents—most importantly, the critical need to protect Medicaid and the hospitals that serve our communities. Throughout the budget process, we have consistently affirmed our commitment to ensuring that reductions in federal spending do not come at the expense of our most vulnerable constituents. We write to reiterate that commitment to those we represent here in Washington.

We support the Medicaid reforms in H.R. 1, which strengthen the program’s ability to serve children, pregnant women, the elderly, and individuals with disabilities. The proposal released by the Senate Finance Committee on June 16 includes provisions that go beyond H.R. 1. The House’s approach reflects a more pragmatic and compassionate standard, and we urge that it be retained in the final bill.

The Senate proposal also undermines the balanced approach taken to craft the Medicaid provisions in H.R. 1—particularly regarding provider taxes and state directed payments. The Senate version treats expansion and non-expansion states unfairly, fails to preserve existing state programs, and imposes stricter limits that do not give hospitals sufficient time to adjust to new budgetary constraints or to identify alternative funding sources.

We are also concerned about rushed implementation timelines, penalties for expansion states, changes to the community engagement requirements for adults with dependents, and cuts to emergency Medicaid funding. These changes would place additional burdens on hospitals already stretched thin by legal and moral obligations to provide care.

Protecting Medicaid is essential for the vulnerable constituents we were elected to represent. Therefore, we cannot support a final bill that threatens access to coverage or jeopardizes the stability of our hospitals and providers.

We appreciate your ongoing leadership in advocating for our members’ priorities as you engage in negotiations with the Senate. We look forward to discussing these issues further and working together toward a solution that reflects our conference’s goals.

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MIL OSI USA News –

June 25, 2025
MIL-OSI USA: Hagerty, Tim Scott, Lummis, Tillis Release Principles for Market Structure Legislation
US Senate News:
Source: United States Senator for Tennessee Bill Hagerty

WASHINGTON—Today, United States Senator Bill Hagerty (R-TN), a member of the Senate Banking Committee, joined Senators Tim Scott (R-SC), Chairman of the Senate Banking Committee, Cynthia Lummis (R-WY), and Thom Tillis (R-NC) in releasing a set of principles for the development of comprehensive market structure legislation. These principles will guide discussions and negotiations as the senators engage with industry participants, legal and academic experts, and government stakeholders on the bill text.

“For too long, a lack of clear regulatory authority has forced digital asset innovation beyond our borders and subjected issuers, exchanges, and developers to crippling uncertainty,” said Senator Hagerty. “By working towards a reasonable, light-touch market structure framework, we can help bolster our nation’s economy and protect American consumers.”

“Since taking over as Chairman, I’ve led a new approach to digital assets regulation, and we’ve delivered results for the industry and the American people,” said Chairman Scott. “We have more work to do, and I look forward to building on the success of the GENIUS Act and advancing market structure legislation here in the Senate. These principles will serve as an important baseline for negotiations on this bill, and I’m hopeful my colleagues will put politics aside and provide long-overdue clarity for digital asset regulation.”

“America desperately needs digital asset legislation that promotes responsible innovation and protects consumers,” said Senator Lummis. “While the European Union and Singapore have established clear regulations, the U.S. continues to sit on the sidelines while the digital asset industry seeks greener pastures. That changes today. I am partnering with Chairman Scott to provide principles for market structure legislation to finally draw the line between a security and a commodity and ensure the U.S. remains at the helm of global financial advancement.”

“As Congress considers a regulatory framework for digital assets, our top priority must be providing legal clarity and certainty without stifling innovation,” said Senator Tillis. “These principles strike the right balance by protecting consumers, promoting innovation, and clearly defining the roles of regulators in a rapidly evolving market.”

The market structure principles state:

Legislation Should Clearly Define the Legal Status of Digital Assets
- A clear, economically rational line distinguishing digital asset securities from digital asset commodities should be fixed in statute, contemplating existing law and providing predictability, enhanced legal precision, and much-needed regulatory certainty.
Jurisdiction Should Be Clearly Allocated Among Regulators
- Regulatory authority should be clearly allocated in statute, preventing an all-encompassing regulator from emerging.
- Legislation should acknowledge that not all distributed ledger technology should be regulated equally.
  
  Legislation should recognize the different risks and benefits between centralized firms, decentralized finance protocols, and non-custodial software platforms.
  
  For similar reasons, self-custody of digital assets should be explicitly preserved.
  
  Likewise, the use of distributed ledger technology and smart contracts for other, non-financial purposes, such as to manage health data, should not be regulated like financial products.
Regulation Should be Modernized to Foster Innovation
- Regulations should be modernized to account for the unique nature of digital assets and distributed ledger technology.
  
  A new SEC exemption for certain digital asset fundraising should be included in legislation.
  
  The SEC should revisit its burdensome registration requirements for digital asset issuers, and instead provide a clear, appropriately tailored pathway to compliance for good faith, innovative actors.
  
  Clear, pro-innovation principles regarding the trading of digital assets on the secondary market should be established.
- Legislation should not apply principles designed for centralized firms to decentralized protocols.
  
  Tokenization should be recognized as an evolution of financial infrastructure that enhances efficiency, transparency, and liquidity, rather than a fundamental change to the nature of the underlying asset.
Regulation Should Protect Those Who Purchase or Trade Digital Assets
- Centralized digital asset intermediaries should be subject to innovation-friendly registration and risk management requirements similar to that of other centralized intermediaries today.
  
  Requirements could include illicit finance compliance, clear and right-sized capital, custody and segregation requirements, and appropriate enforcement authority.
- Legislation should also ensure that customer funds are protected during bankruptcy.
Illicit Finance Measures Should Be Targeted and Pro-Innovation
- A small, common-sense package of measures directed at preventing money laundering and sanctions evasion with digital assets should be included.
- Potential provisions can and should be targeted and pro-innovation. This could include requiring the adoption of examination standards and clarifying that the Bank Secrecy Act and International Emergency Economic Powers Act (IEEPA) extends to entities abroad with U.S. touchpoints.
- Reforms should also consider the ways digital assets and distributed ledger technology can improve transparency, efficiency, and the detection of illicit activity, including money laundering.
Federal Financial Regulators Should Welcome Responsible Innovation
- Federal financial regulators should take common-sense steps to respond to responsible innovation, including potentially through increased use of no-action guidance, sandboxes, safe harbors, coordination, and appropriate application requirements.
- Federal financial regulators should provide clear guidance affirming that many crypto-related activities are permissible for banks and other financial institutions, provided they do not threaten the safety and soundness of the institution.
- Clear guidance will also improve and better enforcement by establishing well-defined rules and expectations, fostering accountability, and enabling consistent application of regulations, leading to better understanding and compliance.
MIL OSI USA News –
June 25, 2025
MIL-OSI USA: The One Big Beautiful Bill Advances President Trump’s Commitment to Peace through Strength
Source: United States House of Representatives – Representative Mike Johnson (LA-04)

WASHINGTON — The world is being reminded that peace is only possible when America leads from a position of strength. And that’s why the One Big, Beautiful Bill advances President Trump’s bold Peace through Strength agenda and charts America’s path to strength, security, and sovereignty.

“While Congressional Democrats feign concern about the safety and wellbeing of U.S. service members, House Republicans are working to deliver legislation that actually accomplishes that and supports them. Amid this global threat landscape, there’s never been a better time for a piece of legislation, a once in a generation opportunity like the One Big Beautiful Bill,” Speaker Johnson said. “The One Big Beautiful Bill is a generational investment in American military might, and we need to get it to President Trump’s desk as soon as possible.”

Historic Investment for President Trump’s Golden Dome
- $25 billion to develop this cutting-edge missile defense system. This system will defend Americans against hypersonic missiles, ballistic threats, and next-generation aerial attacks from our adversaries like China and Iran.
Puts American Troops First
- $8.5 billion to improve the quality of life for our servicemembers. This includes funds to improve military barracks and housing; enhance healthcare services; expand educational opportunities and professional assistance programs for military spouses; childcare assistance; among other programs to support servicemembers.
A Down Payment on the Future of America’s National Security
- $34 billion to expand the size and capabilities of our naval fleet
- $21 billion to restock America’s arsenal of munitions and ramp up domestic production of rare earth and critical minerals
- $13 billion to modernize the nuclear deterrence and readiness of nuclear forces
- $11 billion to expand military exercises and improve the readiness of Indo-Pacific forces
- $7 billion to accelerate delivery of next-generation aircraft and autonomous systems
BOTTOM LINE: The One Big Beautiful Bill is critically important and urgent to guarantee America’s ready, capable, and lethal fighting force.

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MIL OSI USA News –
June 25, 2025

Faircourt Funds	Trading Symbol	Distribution Amount (per share/unit)	Ex-Dividend Date	Record Date	Payable Date
Faircourt Gold Income Corp.	FGX	$0.024	June 30, 2025	June 30, 2025	July 15, 2025

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