BOSTON, MA, June 09, 2025 (GLOBE NEWSWIRE) — Netcapital Inc. (Nasdaq: NCPL, NCPLW) (the “Company”), a digital private capital markets ecosystem, today announced that Netcapital portfolio company Zelgor has completed the acquisition of Mixie, a blockchain-native platform building infrastructure and tools for Web3 gaming, creator media, and decentralized community engagement.
Mixie brings a robust ecosystem that includes an AI-powered no-code game engine, a Web3-native media network with over 100 million monthly impressions, and an accelerator model designed to support early-stage crypto projects. The platform operates at the intersection of creator economies and blockchain finance, providing tools that unify creation, distribution, and monetization.
“We have always strived to utilize cutting edge technology to develop transformative game experiences and enable others to do the same,” said John Fanning Jr., CEO of Zelgor. “Mixie’s technology stack and media reach align perfectly with our goals and provide immediate capabilities to scale within both Web2 and Web3 landscapes.”
Zelgor is an interactive entertainment company creating a virtual universe around its unique media franchise, called the Noobs, an army of outlandish aliens exploring the universe. Zelgor investors include famous venture capitalist Tim Draper, co-creator of Guitar Hero, Kai Huang, and the founders of Napster. The Zelgor team holds real-world experience working on successful games like The Sims, Bioshock Infinite, Dungeons & Dragons Online, and many more.
About Netcapital Inc.
Netcapital Inc. is a fintech company with a scalable technology platform that allows private companies to raise capital online and provides private equity investment opportunities to investors. The Company’s consulting group, Netcapital Advisors, provides marketing and strategic advice and takes equity positions in select companies. The Company’s funding portal, Netcapital Funding Portal, Inc. is registered with the U.S. Securities & Exchange Commission (SEC) and is a member of the Financial Industry Regulatory Authority (FINRA), a registered national securities association. The Company’s broker-dealer, Netcapital Securities Inc., is also registered with the SEC and is a member of FINRA.
Forward Looking Statements
The information contained herein includes forward-looking statements. These statements relate to future events or to our future financial performance, and involve known and unknown risks, uncertainties and other factors that may cause our actual results to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond our control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects our current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to our operations, results of operations, growth strategy and liquidity. We assume no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.
Baltic Horizon Fund (the Issuer) has initiated a written procedure to amend the terms and conditions of Baltic Horizon Fund EUR 42 million 5-year floating rate bonds maturing in 2028 (ISIN EE3300003235, the Bonds). The current outstanding nominal amount of the Bonds is EUR 18,999,997.80 as Baltic Horizon Fund has redeemed Bonds in nominal amount of EUR 23,000,002.20 in accordance with the terms and conditions of the Bonds (Terms and Conditions).
The Issuer has decided to request consent from the holders of the Bonds (the Holders) to amend voluntary early redemption regulation of the Bonds. The aim of the change is to give more flexibility to the Issuer to carry out voluntary early redemptions.
Northern Horizon Capital AS as the fund manager has been in contact with the Holders and received preliminary consent for the requested amendments which is now to be confirmed in the official Holders’ written consent procedure in accordance with the Terms and Conditions. Holders who were entered in the registry of bond-holders maintained by Nasdaq CSD SE on 6 June 2025, are entitled to vote in the written procedure. All Holders are sent a notice by Triniti Collateral Agent IX OÜ acting as the agent for Holders (the Agent).
The consents of the Holders are requested to amend the regulation of voluntary early redemption regulation deriving mainly from Section 13.1 of the Terms and Conditions. Voting can be carried out by sending the filled-in voting form to the Agent by mail, courier or e-mail no later than 23:59 (EET) of 12 June 2025. The notice sent by the Agent along with the voting instructions, the voting form and template Power of Attorney are attached.
For the quorum to be reached and the resolution taken the Holders representing at least 55% of the nominal amount of the Bonds should vote and Holders representing at least 2/3 of the nominal amount of the Bonds participating in the voting need to be in favour of the decision. Once a requisite majority of consents have been received by the Agent, the relevant decision shall be deemed to be adopted, even if the time period for replies has not yet expired. Information about the decision taken will be sent by notice to the Holders, published on the website of Baltic Horizon Fund and published by way of stock exchange release.
If the request is approved by the Holders it will be binding on all Holders whether they participated in the voting or voted against the request or not, in accordance with Clause 16.12 of the Terms and Conditions.
The Fund is a registered contractual public closed-end real estate fund that is managed by Alternative Investment Fund Manager license holder Northern Horizon Capital AS.
Distribution: GlobeNewswire, Nasdaq Tallinn, Nasdaq Stockholm, www.baltichorizon.com
VANCOUVER, British Columbia and AUSTIN, Texas, June 09, 2025 (GLOBE NEWSWIRE) — Inspire Semiconductor Holdings Inc. (“InspireSemi” or the “Company”), a chip design company that provides revolutionary high-performance, energy-efficient accelerated computing solutions for High Performance Computing (HPC), AI, graph analytics, and other compute-intensive workloads, announces that on June 2, 2025 it closed a non-brokered private placement comprised of proportionate voting share units (“PV Units”) for total proceeds of US$3,000,005 as was announced in its press release dated April 21, 2025.
The offering was wholly subscribed for by the third party investment company (the “Investor”) who previously subscribed under the convertible loan agreement dated September 23, 2024 (as described in the Company’s press release dated September 23, 2024) pursuant to the Investor’s right of first refusal thereunder.
The Investor was issued 315,790 PV Units at a price per PV Unit of US$9.50. Each PV Unit consists of one proportionate voting share in the capital of the Company (each a “PV Share”) and one half of one PV Share purchase warrant of the Company (each whole warrant a “PV Warrant”). Each whole PV Warrant is exercisable for one PV Share at a price per share of US$9.50.
All securities issued are subject to resale restrictions pursuant to applicable securities law requirements until October 3, 2025.
The Company intends to use the proceeds for general working capital purposes. No finder’s fees were payable on any portion of the funds raised.
Secured Loan Extension
The Company is also pleased to announce it has agreed an extension with certain investors to the maturity date of certain loans received by it under the secured loan facility (the “Loan Agreement”) announced by the Company and further described in its press releases dated April 1, April 30, and June 14, 2024.
The following amounts will now all be due on October 31, 2025 rather than their original date of maturity:
US$250,000 that was scheduled to be due on March 28, 2025
US$300,000 that was due on April 29, 2025; and
US$290,000 that was due on June 14, 2025.
As consideration for agreeing to the extension the Company has extended the expiry dates of 87,468 warrants granted to the extending investors to February 27, 2026. All interest that became due on such amounts to the date of their initial maturity was paid by the Company to the extending investors in cash.
An additional US$200,000 of principal plus accrued interest of US$20,000 that was due on March 28, 2025 has been repaid to investors who did not wish to extend the maturity date.
Other Security Issuances
Interest Payment
The Company has issued an aggregate of 22,512.50 PV Shares at a deemed issuance price of $16.00 per PV Share to settle in full $360,200 in interest owing (the “Interest Payment“) to the holders of outstanding 10% unsecured convertible debentures issued on May 19, 2023 (the “Debentures“).
The Debentures mature on May 19, 2026 and carry an annual interest rate of 10%, accrued and payable annually on May 19 and payable in cash or PV Shares at the option of the Company. Under the terms of the indenture pursuant to which the Debentures are issued, the interest payable to the holders of Debentures is payable in PV Shares at a price per PV Share equal to 100 times the fair market value of the Company’s subordinate voting shares (“SV Shares”) as determined by the board of directors of the Company on May 19, 2025.
All PV Shares issued in connection with the Interest Payment are issued in reliance on certain prospectus exemptions available under securities legislation and are subject to a four month and one day statutory hold period expiring September 21, 2025.
Consulting Agreement
The Company further announces that it has entered into to a 12 month fixed term consulting agreement dated June 9, 2025 with an arm’s length consultant who is providing strategic advisory services. The services will be paid for in proportionate voting shares (“PVS”) and therefore the Company has issued 10,000 PVS at a price per PVS of C$16.00 that vest monthly over the term of the agreement.
Stock Options
The Company also announces its board of directors approved a grant of stock options dated June 2, 2025 (the “Options“) to (i) an officer of the Company to acquire a total of 2,000,000 subordinate voting shares in the capital of the Company (“SV Shares”) and (ii) to employees of the Company to acquire a total of 1,485,000 SV Shares, each at an exercise price of C$0.16.
All of the Options are exercisable for a ten-year term expiring June 2, 2035 and were granted pursuant to currently available stock option pool under the Company’s omnibus equity incentive plan (the “Plan“). All of the Options are subject to the terms of the Plan and applicable option agreements and are subject to vesting provisions.
About InspireSemi
InspireSemi provides revolutionary high-performance, energy-efficient accelerated computing solutions for High-Performance Computing (HPC), AI, graph analytics, and other compute-intensive workloads. The Thunderbird I ‘supercomputer-cluster-on-a-chip’ is a disruptive, next-generation datacenter accelerator designed to address multiple underserved and diversified industries, including financial services, computer-aided engineering, energy, climate modeling, cybersecurity, and life sciences & drug discovery. Based on the open standard RISC-V instruction set architecture, InspireSemi’s solutions set new standards of performance, energy efficiency, and ease of programming. InspireSemi is headquartered in Austin, TX.
Cautionary Statement on Forward-Looking Information
This press release contains certain statements that constitute forward-looking information within the meaning of applicable securities laws (“forward-looking statements”). Statements concerning InspireSemi’s objectives, goals, strategies, priorities, intentions, plans, beliefs, expectations and estimates, and the business, operations, financial performance and condition of InspireSemi are forward-looking statements. Often, but not always, forward-looking information can be identified by the use of words such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “believes” or variations (including negative variations) of such words and phrases, or statements formed in the future tense or indicating that certain actions, events or results “may”, “could”, “would”, “might” or “will” (or other variations of the forgoing) be taken, occur, be achieved, or come to pass.
Forward-looking information includes, but is not limited to, information regarding the Delisting and any future listing. Forward-looking information is based on currently available competitive, financial and economic data and operating plans, strategies or beliefs as of the date of this presentation, but involve known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, performance or achievements of InspireSemi, to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors may be based on information currently available to the Company including information obtained from third-party industry analysts and other third-party sources and are based on management’s current expectations or beliefs. Any and all forward-looking information contained in this news release is expressly qualified by this cautionary statement.
Investors are cautioned that forward-looking information is not based on historical facts but instead reflect management’s expectations, estimates or projections concerning future results or events based on the opinions, assumptions and estimates of management considered reasonable at the date the statements are made. Forward-looking information reflects management’s current beliefs and is based on information currently available to them and on assumptions they believe to be not unreasonable in light of all of the circumstances. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information.
Should assumptions underlying the forward-looking information prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. Although the Company has attempted to identify important risks, uncertainties and factors which could cause actual results to differ materially, there may be others that cause results not to be as anticipated, estimated or intended. The Company does not intend, and does not assume any obligation, to update this forward-looking information except as otherwise required by applicable law.
Four people allegedly involved in an elaborate Queensland-based money laundering scheme that smuggled cash around the country and washed millions of dollars of criminal proceeds have been charged following an 18-month, multi-agency investigation.
The AFP-led Criminal Assets Confiscation Taskforce (CACT) has also restrained assets across Queensland and NSW suspected of being the proceeds of crime, which have a combined value of about $21 million and include 17 properties, bank accounts and vehicles.
More than 70 members from the Queensland Joint Organised Crime Taskforce (QJOCTF), comprised of the AFP, Queensland Police Service, Australian Border Force, the Australian Criminal Intelligence Commission, AUSTRAC and Australian Taxation Office, executed 14 search warrants at homes and businesses across Brisbane and the Gold Coast on 5 and 6 June 2025.
AUSTRAC and the ATO also provided analytical expertise and support during the investigation, which was centred on Southeast Queensland but also monitored cash dead drops in multiple cities around Australia.
A Brisbane man, 32, from Heathwood, who was allegedly a major client of the money laundering operation and washed $9.5 million in 15 months, was charged on Thursday (5 June) with money laundering and failing to provide the password to a mobile phone. He has been remanded in custody and is scheduled to face Brisbane Magistrates’ Court today (9 June).
In December 2023, the QJOCTF began investigating suspicious financial transactions. The investigation linked the Heathwood man to a company that had received millions of dollars transferred by suspicious third-party transactions.
Investigators following the money trail allegedly identified the man was a customer of a sophisticated money laundering operation allegedly being run through the armoured transport unit of a security company that transferred $190 million cash into cryptocurrency.
Investigations into the source of the $190 million converted into cryptocurrency by the security company remain ongoing.
A Gold Coast man, 48, and woman, 35, who were the director and general manager respectively of the security business, were each charged on Friday (6 June) with a money laundering offence. The couple, from Maudsland, was granted watchhouse bail and is scheduled to face Southport Magistrates Court on 21 July 2025.
Another Brisbane man, 58, from West End, who allegedly funnelled laundered money through a business account to a separate business account controlled by the Heathwood man, was also charged on Friday with two money laundering offences. He was granted watchhouse bail and is scheduled to face Brisbane Magistrates Court on 1 August 2025.
The QJOCTF alleges the Gold Coast-based security company used a complex network of bank accounts, businesses, couriers and cryptocurrency accounts to launder millions of dollars of illicit funds over 18 months.
The security company, which transferred cash between businesses and banks, allegedly mixed cash from its legitimate business arm with illicit funds deposited by suspected criminals.
To further obfuscate the source of the funds from law enforcement, the security company allegedly channelled the money through a web of transactions including through a sales promotion company, a classic car dealership and cryptocurrency exchange services.
The organisation then paid out the funds to beneficiaries using cryptocurrency or those third-party companies.
The Heathwood man allegedly controlled the sales promotion company and received about $9.5 million in cash and cryptocurrency originating from the security company over 15 months.
The QJOCTF will allege the Heathwood man attempted to distance himself from the money laundering scheme by setting his wife up as a ‘straw director’ of the promotions company, while he maintained effective control.
The QJOCTF alleges the West End man was the director of a classic car dealership that received about $6.4 million from the security company and laundered it through his business over a 17-month period.
The director allegedly opened at least seven bank accounts with different banks to conceal the source of the money as he moved it around. The illicit money was then allegedly mixed with legitimate money from the car dealership before being transferred to the sales promotions business.
It is alleged the security company was also the front for the movement of millions of dollars of illicit cash from other states to Southeast Queensland for laundering.
The cash, which was allegedly generated by organised criminal ventures, was left at dead drop locations around the country and collected by a network of couriers who sent it as domestic cargo on flights to Queensland. It was then collected by the security company’s couriers in Southeast Queensland.
During search warrants last week, investigators seized crypto wallets containing about $170,000 in cryptocurrency, $30,000 cash, encrypted devices, along with business records and documents related to the alleged money laundering scheme.
The Maudsland man, 48, the director of the security company, was charged with one count of dealing with the proceeds of general crime, worth $10 million or more, contrary to section 400.2B(6) of the Criminal Code (Cth). The maximum penalty for this offence is 15 years’ imprisonment.
His wife, 35, who was the general manager of the business, was charged with one count of dealing with the proceeds of general crime, worth $10 million or more, contrary to section 400.2B(3) of the Criminal Code (Cth). The maximum penalty for this offence is imprisonment for life.
The Heathwood man, 32, allegedly linked to the sales promotion company, was charged with:
one count of dealing with proceeds of crime, worth $1 million or more, contrary to section 400.3(2B) of the Criminal Code (Cth). The maximum penalty for this offence is 12 years’ imprisonment, and
one count of failure to comply with a 3LA Order, contrary to section 3LA(5) of the Crimes Act (Cth). The maximum penalty for this offence is 10 years’ imprisonment.
The West End man, 58, who was the director of the classic car company, was charged with:
two counts of dealing with proceeds of crime, money or property worth $1 million or more, contrary to section 400.3(2B) of the Criminal Code (Cth). The maximum penalty for this offence is 12 years’ imprisonment
one count of uttering a forged document, contrary to section 488(1)(b) of the Criminal Code (QLD). The maximum penalty for this offence is three years’ imprisonment, and
one count of dealing with identification information to commit or facilitate an indictable offence, contrary to section 408D of the Criminal Code (Qld). The maximum penalty for this offence is 5 years’ imprisonment.
Investigations are ongoing, and further arrests have not been ruled out.
AFP Detective Superintendent Adrian Telfer said money laundering undermined Australia’s national security, the economy and social security system.
‘Many Australians are feeling the financial pinch but remain law-abiding and honest citizens,’ Det Supt Telfer said.
‘Criminals always choose greed over decency and will constantly find opportunities to increase their wealth at the expense of others.’
‘We allege this organisation intentionally concealed and disguised the source, value and nature of their illicit money, and distanced themselves from the funds to try to avoid getting caught by authorities.’
‘This plot was elaborate and calculated, and it demonstrates the lengths criminals will go to make money.’
‘Money laundering investigations are incredibly challenging due to the complex web of deception used by criminals, and this crime cannot be tackled by one agency alone.’
‘This result is a testament to the great work done by the investigators, forensic accountants in the QJOCTF, the CACT, and our Taskforce Avarus partners.’
Queensland Police Service Crime and Intelligence Command, Detective Acting Superintendent David Briese, from the Drug and Serious Crime Group, said money laundering was far from a victimless crime.
‘Criminal networks use money laundering to legitimise their profits and exploit legitimate businesses, harming communities and economies. It fuels serious organised crime, enabling everything from drug trafficking and exploitation to fraud and violence,’ Det a/Supt Briese said.
‘This case demonstrates both the complexity of money laundering operations, and the extreme lengths criminals will go to conceal their illicit gains.’
‘The result reflects the strength of our collaboration across law enforcement, intelligence, and regulatory bodies, and our shared commitment to protecting the public from the harms of serious and organised crime.’
ABF Acting Commander Troy Sokoloff praised the efforts of ABF officers working alongside partner agencies in the QJOCTF.
‘Today’s outcome sends a formidable message to those who seek to engage in criminal money laundering. This act is illegal and unacceptable, and all branches of law enforcement can and will work together to bring such crimes to justice,’ a/Commander Sokoloff said.
‘I would like to acknowledge the dedication of our highly trained investigator who was engaged as a co-case officer for the entirety of this investigation. He has worked tirelessly with his colleagues to achieve this outcome, drawing upon ABF digital intelligence sharing and observations which were critical to the success we see today.’
‘This type of illegal activity is insidious – and the ABF will continue to work hand in hand with its partners to detect and deter such schemes.’
ATO Deputy Commissioner John Ford reinforced the ATO was assisting partner agencies in disrupting, investigating and penalising the perpetrators of organised crime.
‘Serious and organised crime harms our community, economy, government and way of life, and robs the community of funding for essential services such as health and education,’ Mr Ford said.
‘This week’s action is a strong reminder to those involved in money laundering – while you may think you can wash away the evidence, this is simply not the case. We will continue to work together with our partner agencies to disrupt these criminals and hold them to account.’
AUSTRAC National Coordinator, Law Enforcement, Markus Erikson said AUSTRAC intelligence was pivotal in putting a stop to these crimes.
‘The intelligence AUSTRAC provided to law enforcement painted a vivid trail of criminal activity being undertaken by disparate individuals,’ Mr Erikson said.
‘I would like to recognise the businesses who report to AUSTRAC for their commitment to protecting the financial system from harm. Without their reporting, this disruption would not have been possible, and the offending may have continued undetected.’
‘I would also like to acknowledge the incredible work of our partner agencies in this matter. Operations like this take significant resources, hard work, and personal sacrifice to accomplish.’
‘This outcome is a testament to the dedication of everyone involved in Taskforce AVARUS as well as the Queensland Police Service and Australian Taxation Office.’
ACIC National Manager Boyd Doherty emphasised the critical role of the QJOCTF.
‘The ACIC works closely with partners to disrupt the highest threat criminal networks. Serious and organised crime groups thrive off money made from criminal activities,’ Mr Doherty said.
‘We are committed to disrupting the operations of these groups, denying them the ability to profit and making Australia a hostile environment for them to operate in.’
The QJOCTF is a multi-agency team focused on targeting and dismantling transnational serious organised crime networks in Queensland.
Taskforce Avarus was established in 2022 to target the highest priority money laundering threats facing Australia. The Taskforce comprises the AFP, AUSTRAC, ACIC and ABF who work in partnership to uncover methods criminals use to conceal their illegal funds.
The CACT – which brings together the resources and expertise of the AFP, ABF, Australian Taxation Office, ACIC and AUSTRAC – was permanently established in 2012 as a proactive and innovative approach to trace, restrain and ultimately confiscate criminal assets.
Source: United Kingdom – Executive Government & Departments
News story
Fisheries and Seafood Scheme reopens with around £6 million of investment
The latest round of the Fisheries and Seafood Scheme (FaSS) in now open, supporting projects that strengthen England’s seafood sector and support economic growth while enhancing nature recovery.
Administered by the Marine Management Organisation (MMO) on behalf of Defra, around £6 million in funding is open to seafood and marine businesses, recreational sector, charities and other organisations.
The latest round of funding is available to support projects in the 2025/2026 financial year which focus on the following priorities:
Creating a sustainable and resilient seafood sector
Reduce emissions and waste from the seafood sector
Clean up rivers, lakes, seas and support nature recovery
Boost regional and economic growth within the seafood sector
Fisheries Minister Daniel Zeichner said:
I’m thrilled to further invest in our exceptional seafood industry, demonstrating our steadfast support for England’s coastal communities alongside our substantial £360 million Fishing and Coastal Growth Fund.
This is on top of our new agreement with the EU, which will boost exports by making it easier for producers to sell their high-quality products to our largest trading partner.
“This government is committed to creating a sustainable seafood sector that grows local economies while safeguarding our precious marine habitats, all central to our Plan for Change.
Paul Errington, Acting Director of Finance and Resources at MMO, said:
We’re proud to facilitate the delivery of continued financial support through FaSS, which has already had a real impact across England’s fishing communities and coast.
This new round of funding will deliver investment to safeguard the long-term sustainability, resilience and prosperity of England catching, aquaculture and processing sectors as well as continue efforts to protect our precious marine environment.
This round of FaSS builds on four successful years of the scheme, which has seen more than £35 million committed and over 1700 projects approved, ranging from marine litter removal and funding for vital processing equipment to promoting careers within the industry.
Fishing and coastal communities are also set to benefit from £360 million investment to drive growth and boost the sector for the future as the Government launches its Fishing and Coastal Growth Fund, a major investment to support the next generation of fishermen and breathe new life into our coastal communities as part of the Government’s Plan for Change.
A new agreement with the EU will also cut red tape for seafood exporters and reopen certain markets for British shellfish, making it easier to sell our fish to our biggest trading partner.
£1 million from the total fund has been set aside specifically to support the seafood processing sector and to help businesses get their products from the sea to the consumer.
Applications with a total project cost of £150,000 or more must be considered by the FaSS panel, which is responsible for reviewing and recommending projects in line with the overall objectives of the scheme. Projects over £150,000 must be submitted by 21 July 2025. The panel is expected to meet to consider these during the week commencing 8 September 2025.
MMO is also on hand to provide expert advice to those considering applying. Telephone 0208 026 5539 or email FaSS.queries@marinemanagement.org.uk
Fishing and coastal communities are also set to benefit from £360 million investment to drive growth and boost the sector for the future as the Government launches its Fishing and Coastal Growth Fund.
Woman invented business to claim Covid loan then sent money to Poland
Jagoda Rubaszko guilty of fraud after inventing a business to apply for a £50,000 Covid Bounce Back Loan which she then sent to bank accounts in Poland
Rubaszko invented a business to get a £50,000 Covid Bounce Back Loan – which was paid out to five bank accounts in Poland
She told Insolvency Service investigators a man called Daniel told her how to apply for the loan – but provided no evidence he exists
Sentenced to six-month curfew and 18-month suspended sentence
A woman who pretended to run a business to secure a £50,000 Covid Bounce Back Loan has been sentenced for fraud following an investigation by the Insolvency Service.
Jagoda Rubaszko, 37, of Old Ruislip Road, Northolt, invented an administrative service business which she falsely claimed had a turnover of £210,000.
In reality, she had no business – and the £50,000 loan she received was sent to five separate bank accounts in Poland.
Rubaszko told investigators she had been contacted by a man called Daniel who told her how to apply for the loan, and to declare herself bankrupt to avoid having to repay it.
Rubaszko was sentenced to 18 months imprisonment, suspended for 21 months, for fraud by misrepresentation at Isleworth Crown Court on 5 June 2025.
She will be tagged and under curfew between 7.30pm and 6am every day for six months, and must complete 175 hours of unpaid work.
The Insolvency Service is seeking to recover the fraudulently obtained funds under the Proceeds of Crime Act 2002.
Mark Stephens, Chief Investigator at the Insolvency Service, said:
Jagoda Rubaszko claimed to be a business director, but she had no business at all. She invented a turnover of £210,000 even though her bank accounts showed no business dealings.
She invented a man called Daniel, who she has blamed for her actions, claiming he had told her to apply for the loan, and she believed she’d get away with this by declaring herself bankrupt.
What is definitely real, is that she took money which was meant to help businesses during a difficult period, and sent that funding off to the bank accounts of five men in Poland.
As a result, reality has now caught up with her.
Rubaszko applied to a bank for a Covid Bounce Back Loan on 26 April 2021, which was approved on 28 April 2021 and paid into her bank account.
In the application, she claimed she had been operating a business since 1 March 2020 and had a turnover of £210,000. But investigations into Rubaszko’s finances showed her tax returns were no higher than £15,100 each year between 2019 and 2021.
In a prepared statement, Rubaszko claimed to have been contacted by a man called Daniel, who told her how to apply for the loan, and to declare herself bankrupt to avoid repaying it.
But Rubaszko admitted she had never met Daniel, even though she said she paid him a £17,500 commission for his ‘help’ after receiving the £50,000.
Her bank records showed no such payment was made – instead, 22 smaller payments up to £11,690 were made to five individual bank accounts in Poland over a two-month period.
After declaring herself bankrupt, Rubaszko was subject to a 10-year Bankruptcy Restrictions Undertaking (BRU) on 12 May 2023. The BRU prevents her from managing a limited company until 2033.
Further information
Jagoda Rubaszko is of Old Ruislip Road, Northolt. Her date of birth is 18 September 1987.
Individuals subject to a disqualification order or undertaking are bound by a range of restrictions
BUFFALO, N.Y. — On June 4, U.S. Immigration and Customs Enforcement Homeland Security Investigations Buffalo arrested a twice-convicted Chinese national, also a registered sex offender, for being illegally present in the United States despite having a final order of removal.
Personnel with ICE HSI and U.S. Border Patrol arrested Ho Kai Tam, also known as Raymond Tam, in Williamsville, New York. While in the U.S. illegally, Tam, a 42-year-old citizen of Hong Kong, was arrested in January 2003 and ultimately convicted of mail fraud for an offense that occurred in Buffalo, New York. Later, he was arrested in February 2010 and ultimately convicted of sexual misconduct for an offense that occurred in Tonawonda, New York.
Tam entered the U.S. as a lawful permanent resident on or about July 2, 1996. An immigration judge issued a final removal order for Tam on July 11, 2005.
Following his recent arrest, Tam was transported to the Batavia Federal Detention Facility. He will remain in ICE custody.
ALBUQUERQUE – A Becenti man is facing federal charges after allegedly causing a fatal crash.
According to court documents, on July 3, 2024, Joey Martin, 55, an enrolled member of the Navajo Nation, killed John Doe by operating a vehicle without due caution.
Martin is charged with involuntary manslaughter and will remain in third party custody pending trial, which has not yet been scheduled. If convicted of the current charges, Martin faces up to eight years in prison.
U.S. Attorney Ryan Ellison and Philip Russell, Acting Special Agent in Charge of the Federal Bureau of Investigation’s Albuquerque Field Office, made the announcement today.
The Navajo Nation Police Department and Navajo Department of Criminal Investigations. Assistant U.S. Attorneys Brittany DuChaussee and Michael Pahl are prosecuting the case.
An indictment is merely an allegation. All defendants are presumed innocent until proven guilty beyond a reasonable doubt in a court of law.
Source: United States Bureau of Alcohol Tobacco Firearms and Explosives (ATF)
Burlington, Vermont – The United States Attorney’s Office for the District of Vermont stated that on May 30, 2025, Samuel Blatt, 33, of Colchester, Vermont, was sentenced by Chief United States District Judge Christina Reiss to a term of 49 additional months’ imprisonment to be followed by a 3-year term of supervised release. Blatt has been detained in the custody of the State of Vermont since his arrest on March 15, 2024. Judge Reiss also ordered that Blatt pay $14,100 in restitution. Blatt previously pleaded guilty to the March 5, 2024, robbery of the Union Bank in Johnson, Vermont.
According to court records, between February 28, 2024, and March 14, 2024, Blatt committed the robberies of four banks in Vermont, and attempted the robbery of a fifth bank. On February 28, 2024, Blatt entered the M&T Bank in Essex, Vermont and handed the teller a note demanding money, stating that he wanted $100 bills with “No dye packs,” “No bait money,” and “Fast.” Blatt obtained approximately $1000 from M&T Bank. On March 5, 2024, Blatt entered the Union Bank in Johnson, Vermont and handed the teller a note which stated, “Give me all $100’s, $50’s, $20 bills fast, no dye packs.” During the robbery, Blatt stated to bank employees in effect, “This is not a joke, you know what to do, give me all your money.” Blatt obtained approximately $5,300 from Union Bank. On March 13, 2024, Blatt entered a Community Bank in Burlington, Vermont, stated that he was robbing the bank and handed a bank employee a note that stated, “Give me all $100-, $50-, and $20-bills, no dye packs. Fast.” Community Bank employees did not comply with Blatt’s demands, and he left the bank. On March 13, 2024, Blatt entered the TD Bank in Winooski, Vermont, and displayed a note to the teller that stated in effect that he wanted $20’s, $50’s and $100’s but no dye packs. Blatt obtained approximately $600 from TD Bank. On March 14, 2024, Blatt entered the North Country Federal Credit Union in Alburgh, Vermont. Blatt asked a teller, “Can I cash a check if I don’t have an account here?” When the teller told Blatt no, he handed the teller a note and asked “What about this one?” The note stated, “Give me all the 100’s, 30’s and 20’s you have!!!” Blatt obtained approximately $7200 from NCFCU.
Acting United States Attorney Michael P. Drescher commended the collaborative investigatory efforts of the Bureau of Alcohol, Tobacco, Firearms, and Explosives, the Essex Police Department, the Lamoille County Sheriff’s Department, the Winooski Police Department, the Burlington Police Department, the Grand Isle County Sheriff’s Department, the Williston Police Department, and Homeland Security Investigations.
The case was prosecuted by Assistant U.S. Attorneys Colin Owyang and Jason Turner. Blatt was represented by Assistant Federal Defender Sara Puls.
SINGAPORE, June 09, 2025 (GLOBE NEWSWIRE) — Antalpha Platform Holding Company (NASDAQ: ANTA) (“Antalpha” or the “Company”), a leading fintech platform serving the Bitcoin mining ecosystem, today announced that it will report its financial results for the first quarter of 2025, before the U.S. market opens on June 17, 2025. The Company’s management team will hold a conference call at 8:00 A.M. U.S. Eastern Time on June 17, 2025 (or 8:00 P.M. Singapore Time on June 17, 2025) to discuss the financial results.
Please register in advance of the conference call using the link provided below. It will automatically direct you to the registration page of “Q1 2025 Antalpha Earnings Conference Call”. Please follow the steps to enter your registration details, then click “Register”. Upon registration, you will be provided with the dial-in number, the passcode, and your unique access PIN. This information will also be emailed to you in a calendar invite.
All participants must use the link provided above to complete the online registration process in advance of the conference call.
A live webcast of the conference call can be assessed at https://edge.media-server.com/mmc/p/8zqoeq2s. Following the call, a replay of the call will be available on Antalpha’s investor relations website at ir.antalpha.com.
About Antalpha Antalpha is a leading fintech company specializing in providing financing, technology, and risk management solutions to institutions in the digital asset industry. As the primary lending partner of Bitmain, Antalpha offers Bitcoin supply chain and margin loans through the Antalpha Prime technology platform, which allows customers to originate and manage their digital assets loans, as well as monitor collateral positions with near real-time data.
SAN DIEGO, June 09, 2025 (GLOBE NEWSWIRE) — Turtle Beach Corporation (Nasdaq: TBCH, the “Company”), a leading gaming accessories brand, today announced that its Board of Directors (the “Board”) has approved the adoption of a limited duration stockholder rights plan (the “Rights Plan”) and declared a dividend distribution of one right (“Right”) for each outstanding share of common stock. The record date for such dividend distribution is June 23, 2025.
The adoption of the Rights Plan is intended to enable all stockholders to realize the full potential value of their investment in the Company and protect the Company and its stockholders from the actions of third parties that the Board determines are not in the best interests of the Company and its stockholders. In addition, the Rights Plan provides the Board with time to make informed, deliberate decisions that are in the best long-term interests of the Company and its stockholders. The Rights Plan will expire, without any further action being required to be taken by the Board, on June 9, 2026.
The Rights Plan is similar to stockholder rights plans adopted by other publicly-held companies. Under the Rights Plan, the Rights generally would become exercisable only if a person or group acquires beneficial ownership of 10% or more of the Company’s common stock in a transaction not approved by the Board. In that situation, each holder of a Right (other than the acquiring person or group, whose Rights will become void and will not be exercisable) will be able to purchase, upon payment of the then-current exercise price, a number of shares of the Company’s common stock having a market value of twice such price. In addition, if the Company is acquired in a merger or other business combination after an acquiring person acquires 10% or more of the Company’s common stock, each holder of the Right would thereafter be able to purchase, upon payment of the then-current exercise price, a number of shares of common stock of the acquiring company having a market value of twice such price. The acquiring person or group would not be entitled to exercise these Rights.
The Rights Plan includes a qualifying offer clause, which provides stockholders with the potential ability to call a special meeting for purposes of exempting a pending offer that meets certain qualifying criteria.
The Rights Plan has not been adopted in response to any specific takeover bid or other proposal to acquire control of the Company and is not intended to deter offers that are fair and otherwise in the best interests of the Company and its stockholders.
Stockholders who currently beneficially own 10% or more of the Company’s outstanding common stock will not trigger any penalties under the Rights Plan so long as they do not acquire beneficial ownership of any additional shares of common stock on a cumulative basis, subject to certain exceptions as described in the Rights Plan.
Further details of the Rights Plan will be contained in a Current Report on Form 8-K and in a Registration Statement on Form 8-A that the Company will file with the U.S. Securities and Exchange Commission (the “SEC”). These filings will be available on the SEC’s web site at www.sec.gov. Copies will also be available at no charge at the Investor Relations section of the Company’s corporate website at corp.turtlebeach.com.
About Turtle Beach
Turtle Beach Corporation (the “Company”) (corp.turtlebeach.com) is one of the world’s leading gaming accessory providers. The Company’s namesake Turtle Beach brand (www.turtlebeach.com) is known for designing best-selling gaming headsets, top-rated game controllers, award-winning PC gaming peripherals, and groundbreaking gaming simulation accessories. Innovation, first-to-market features, a broad range of products for all types of gamers, and top-rated customer support have made Turtle Beach a fan-favorite brand and the market leader in console gaming audio for over a decade. Turtle Beach Corporation acquired Performance Designed Products LLC (www.pdp.com) in 2024. Turtle Beach’s shares are traded on the Nasdaq Exchange under the symbol: TBCH.
Cautionary Note on Forward-Looking Statements
This press release includes forward-looking information and statements within the meaning of the federal securities laws. Except for historical information contained in this release, statements in this release may constitute forward-looking statements regarding assumptions, projections, expectations, targets, intentions, or beliefs about future events. Statements containing the words “may,” “could,” “would,” “should,” “believe,” “expect,” “anticipate,” “plan,” “estimate,” “target,” “goal,” “project,” “intend” and similar expressions, or the negatives thereof, constitute forward-looking statements. Forward-looking statements are only predictions and are not guarantees of performance. Forward-looking statements in this press release include, but are not limited to, the statements regarding the anticipated benefits and expected consequences of the Rights Plan that the Company has adopted. Forward-looking statements involve known and unknown risks and uncertainties, which could cause actual results to differ materially from those contained in any forward-looking statement. The inclusion of such information should not be regarded as a representation by the Company, or any person, that the objectives of the Company will be achieved. Forward-looking statements are based on management’s current beliefs and expectations, as well as assumptions made by, and information currently available to, management.
While the Company believes that its expectations are based upon reasonable assumptions, there can be no assurances that its goals and strategy will be realized. Numerous factors, including risks and uncertainties, may affect actual results and may cause results to differ materially from those expressed in forward-looking statements made by the Company or on its behalf. Some of these factors include, but are not limited to, the effectiveness of the Rights Plan in (i) preventing a third party from taking advantage of the onset of adverse market conditions or recent and potential short-term declines in the Company’s share price to acquire actual or effective control, in the open market or otherwise, of the Company’s common stock without paying a price that reflects the Company’s intrinsic value or long-term prospects, or (ii) providing the Board with an increased period of time to evaluate the adequacy of an acquisition offer, investigate alternatives, solicit competitive proposals, or take other steps necessary to maximize value for the benefit of all the Company’s stockholders, and other factors discussed in our public filings, including the risk factors included in the Company’s most recent Annual Report on Form 10-K, Quarterly Report on Form 10-Q, and the Company’s other periodic reports filed with the SEC. Except as required by applicable law, including the securities laws of the United States and the rules and regulations of the SEC, the Company is under no obligation to publicly update or revise any forward-looking statement after the date of this release whether as a result of new information, future developments or otherwise.
Intelligent search integration unlocks a more personalized and intuitive experience for drivers to discover their best deal with greater confidence
BOSTON, June 09, 2025 (GLOBE NEWSWIRE) — CarGurus (Nasdaq: CARG), the No. 1 visited digital auto platform for shopping, buying, and selling new and used vehicles1, today announced the release of its AI-powered search experience. This innovation delivers a more personalized and intuitive car shopping experience, embedded directly into the CarGurus website. Buyers can now harness conversational search, paired with expert auto intelligence and real-time vehicle data, to research, compare, and shop the largest selection of new and used cars in the U.S.2
“For nearly two decades, CarGurus has supported drivers through one of the biggest purchase decisions of their lives. This update aims to advance that mission even further, enabling them to shop in ways that weren’t possible before by having an open dialogue right on our site,” said Ben Kasdon, Vice President, Product at CarGurus. “No matter what phase of the journey they’re in, shoppers can now search on their own terms to uncover their best match more efficiently and with greater confidence. Early pilot users have shown strong engagement, with AI search users spending more time on site compared to typical site traffic.”
The AI-powered shopping experience allows consumers to use conversational language to find the best options for their needs, compare models, and refine listing results based on their location and preferences. The experience is designed to help buyers at any stage of their journey, from early research to final selection. As a shopper’s search journey evolves, they can also revisit their unique URL to continue the conversation.
Shoppers can discover their ideal car using intuitive prompts, such as the following examples:
“I have three kids under 3. Help me find a car with high safety and reliability ratings.”
“Show me the best cars with plenty of space for tall drivers.”
“Show me reliable SUVs with blind spot monitoring under $30,000.”
“Compare the best all-wheel drive vehicles for any terrain.”
This release is the latest chapter in CarGurus’ long history of leveraging AI and machine learning to bring more trust, transparency, and efficiency to car buying and selling. AI and machine learning underpin the platform’s vehicle recommendation engine, its Instant Market Value tool, and on-site merchandising. For dealers, CarGurus provides actionable insights and predictive analytics that enable more informed decision-making across workflows, from pricing and merchandising to inventory acquisition.
CarGurus (Nasdaq: CARG) is a multinational, online automotive platform for buying and selling vehicles that is building upon its industry-leading listings marketplace with both digital retail solutions and the CarOffer online wholesale platform. The CarGurus platform gives consumers the confidence to purchase and/or sell a vehicle either online or in-person, and it gives dealerships the power to accurately price, effectively market, instantly acquire, and quickly sell vehicles, all with a nationwide reach. The company uses proprietary technology, search algorithms, and data analytics to bring trust, transparency, and competitive pricing to the automotive shopping experience. CarGurus is the most visited automotive shopping site in the U.S. 1
CarGurus also operates online marketplaces under the CarGurus brand in Canada and the U.K. In the U.S. and the U.K., CarGurus also operates the Autolist and PistonHeads online marketplaces, respectively, as independent brands.
CarGurus® is a registered trademark of CarGurus, Inc., and CarOffer® is a registered trademark of CarOffer, LLC. All other product names, trademarks and registered trademarks are the property of their respective owners.
1Similarweb: Traffic Report [Cars.com, Autotrader, TrueCar, CARFAX Listings (defined as CARFAX Total visits minus Vehicle History Reports traffic)], Q1 2025, U.S. 2Compared to Autotrader.com, Cars.com, TrueCar.com (YipitData as of December 31, 2024), and CarFax (Joreca as of December 31, 2024)
Media Contact: Maggie Meluzio Director, Public Relations & External Communications pr@cargurus.com
Investor Contact: Kirndeep Singh Vice President, Head of Investor Relations investors@cargurus.com
DALIAN, China, June 09, 2025 (GLOBE NEWSWIRE) — CBAK Energy Technology, Inc. (NASDAQ: CBAT) (“CBAK Energy,” or the “Company”), a leading lithium-ion battery manufacturer and electric energy solution provider in China, today announced that its wholly-owned subsidiary, Nanjing CBAK New Energy Technology Co., Ltd. (“Nanjing CBAK”), has received a sizeable order from Africa’s largest EV player with the fastest energy distribution network aided by battery swapping.
The order, valued at approximately US$11.6 million, primarily comprises CBAK Energy’s advanced Model 32140 large LFP cylindrical batteries. Looking ahead, the Company anticipates follow-on orders from this customer totaling up to US$55 million. As part of this strategic partnership, CBAK Energy will continue to supply its high-performance Model 32140 batteries for integration into the customer’s rapidly expanding fleet of electric motorcycles across the African continent. This collaboration underscores a shared commitment to accelerating the adoption of sustainable mobility solutions in emerging markets.
This customer is Africa’s leading electric vehicle (EV) company, revolutionizing the continent’s transportation sector. Renowned for its groundbreaking battery-swapping technology and electric motorcycles specifically designed for African roads and riders, the customer is driving a transformative shift away from imported, fossil fuel-based transport. By delivering affordable, accessible, and locally manufactured electric mobility solutions—made in Africa, by Africans, for Africa and the world—it is redefining sustainable transportation across the region.
“We are excited to partner with this customer to support their mission of promoting electric mobility in Africa,” said Zhiguang Hu, Chief Executive Officer of CBAK Energy. “This significant order not only highlights the growing demand for our high-quality battery solutions but also reinforces our strategic focus on expanding our market presence in emerging regions. We look forward to contributing to the sustainable development of the electric mobility sector in Africa and beyond.”
About CBAK Energy
CBAK Energy Technology, Inc. (NASDAQ: CBAT) is a leading high-tech enterprise in China engaged in the development, manufacturing, and sales of new energy high power lithium batteries and raw materials for use in manufacturing high power lithium batteries. The applications of the Company’s products and solutions include electric vehicles, light electric vehicles, electric tools, energy storage, uninterruptible power supply (UPS), and other high power applications. In January 2006, CBAK Energy became the first lithium battery manufacturer in China listed on the Nasdaq Stock Market. CBAK Energy has multiple operating subsidiaries in Dalian, Nanjing and Shaoxing, as well as a large-scale R&D and production base in Dalian.
This press release contains “forward-looking statements” that involve substantial risks and uncertainties. All statements other than statements of historical facts contained in this press release, including statements regarding our future results of operations and financial position, strategy and plans, and our expectations for future operations, are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. We have attempted to identify forward-looking statements by terminology including “anticipates,” “believes,” “can,” “continue,” “could,” “estimates,” “expects,” “intends,” “may,” “plans,” “potential,” “predicts,” “should,” or “will” or the negative of these terms or other comparable terminology. Our actual results may differ materially or perhaps significantly from those discussed herein, or implied by, these forward-looking statements.
The forward-looking statements included in this press release are made as of the date of this press release and the Company undertakes no obligation to publicly update or revise any forward-looking statements, other than as required by applicable law.
For further inquiries, please contact:
In China:
CBAK Energy Technology, Inc. Investor Relations Department Email: ir@cbak.com.cn
TAMPA, Fla., June 09, 2025 (GLOBE NEWSWIRE) — Upexi, Inc. (NASDAQ: UPXI), a brand owner specializing in the development, manufacturing, and distribution of consumer products with diversification into the cryptocurrency space, today announced joining the Webull Corporate Connect Service (CCS) platform to increase engagement and transparency with investors.
Upexi’s portal on the Webull Corporate Connect Service provides a direct communication channel for shareholders and potential investors, reinforcing the Company’s commitment to engaging with the investment community. Through Webull, Upexi will share timely updates, including company news, earnings reports, presentations, and other key announcements.
“At Upexi, transparent and consistent communication with our shareholders and prospective investors is a top priority. As we continue to execute on key initiatives and drive growth across the business, we recognize the importance of increasing visibility, market awareness, and community,” said Allan Marshall, CEO of Upexi. “Adding the Webull platform to our investor communications strategy allows us to meet retail investors where they are, providing real-time updates and engagement through a platform they actively use.”
To stay up to date on Upexi’s recent developments on the Webull Corporate Connect Service platform, current Webull users can follow UPXI from the app on their smartphone or tablet device. To download the app and register for your free Webull account, visit www.webull.com/trading-platforms.
About Upexi, Inc. Upexi is a brand owner specializing in the development, manufacturing, and distribution of consumer products. The Company has entered the cryptocurrency industry and cash management of assets through a cryptocurrency portfolio. For more information on Upexi’s treasury strategy and future developments, visit www.upexi.com.
About Webull Financial Webull Corporation owns and operates Webull, a leading digital investment platform built on next-generation global infrastructure. Through its global network of licensed brokerages, Webull offers investment services in 14 markets across North America, Asia Pacific, Europe, and Latin America. Webull serves more than 24 million registered users globally, providing retail investors with 24/7 access to global financial markets. Users can put investment strategies to work by trading global stocks, ETFs, options, futures, and fractional shares through Webull’s trading platform, which seamlessly integrates market data and information, its user community, and investor education resources. Learn more at www.webullcorp.com.
Forward Looking Statements This news release contains “forward-looking statements” as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations, or intentions regarding the future. For example, the Company is using forward looking statements when it discusses the anticipated use of proceeds. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with business strategy, potential acquisitions, revenue guidance, product development, integration, and synergies of acquiring companies and personnel. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward- looking statements. Although we believe that the beliefs, plans, expectations, and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-K and other periodic reports filed from time-to-time with the Securities and Exchange Commission.
Company Contact Brian Rudick, Chief Strategy Officer Email:Brian.Rudick@upexi.com Phone: (216) 347-0473
Investor Relations Contact KCSA Strategic Communications Valter Pinto, Managing Director Email: Upexi@KCSA.com Phone: (212) 896-1254
shenzhen, June 09, 2025 (GLOBE NEWSWIRE) — MicroAlgo Inc. Integrates Quantum Image LSQb Algorithm with Quantum Encryption Technology to Build a More Secure Quantum Information Hiding and Transmission System
Shenzhen, Jun. 09, 2025––MicroAlgo Inc. (the “Company” or “MicroAlgo”) (NASDAQ: MLGO), today announced that by integrating the quantum image LSQb algorithm with quantum encryption technology, they have proposed a brand-new information hiding and transmission scheme, aiming to build a more secure and efficient data protection mechanism. The LSQb algorithm, namely the Least Significant Quantum Bit algorithm for quantum images, is an innovative quantum image processing technology. It achieves secure information hiding by embedding secret information into the least significant quantum bits of a quantum image. Building on this foundation, MicroAlgo further integrates relevant theories from quantum information theory and cryptography, comprehensively expanding the application scope and functionality of the LSQb algorithm. This integration not only enhances the security of information hiding but also improves the efficiency and reliability of information transmission in quantum networks. The core of MicroAlgo’s technological innovation lies in utilizing the Least Significant Quantum Bit (LSQb) algorithm for efficient information encoding and decoding, combined with quantum encryption technologies such as Quantum Key Distribution (QKD) to ensure data security during transmission. The LSQb algorithm can identify and select key quantum bits critical to image representation, reducing the number of quantum gate operations by optimizing the embedding and extraction processes, thereby lowering algorithm complexity. Meanwhile, quantum encryption technology provides unconditional security for information transmission, ensuring that information leakage is prevented even in a quantum computing environment. Original Image Preprocessing: First, the original image undergoes compressed sensing and sparse representation to extract key features and convert them into quantum bit form. Further analysis is conducted using machine learning or deep learning models to ensure the retention of important visual elements of the image, reduce the amount of encoded information, and lower algorithm complexity. Quantum Bit Selection and Embedding: An improved Least Significant Quantum Bit (LSQb) algorithm is employed to embed selected key quantum bits into quantum states. Each quantum bit generates a corresponding quantum state and is embedded into a larger quantum state structure through quantum gate operations. Quantum error correction codes and quantum entanglement properties are introduced to enhance the system’s robustness and stability, reducing unnecessary quantum gate operations. Quantum Key Distribution and Encryption: Quantum Key Distribution (QKD) technology is utilized to generate a shared key, ensuring the security of data transmission. The sender and receiver exchange correlated quantum states to generate the key, and any attempt to read the states will alter them and be detected, preventing information leakage. Information Transmission and Protection: The encrypted quantum state information is transmitted through a quantum channel, and even if eavesdropping occurs, attackers cannot obtain useful information. By combining protocols such as quantum teleportation, the system’s security and flexibility are further enhanced. Information Decryption and Recovery: The receiver uses the shared key to decrypt the quantum state information and applies inverse quantum gate operations to restore the original quantum bit sequence. Key feature information is extracted through a decoding algorithm and reassembled into a complete image, with error correction mechanisms introduced to ensure high-fidelity recovery. The entire process validates the effectiveness and accuracy of information hiding and transmission, establishing an efficient and secure quantum information processing system. MicroAlgo integrates the Least Significant Quantum Bit (LSQb) algorithm for quantum images with other related theories, such as quantum information theory and cryptography, to further expand its application scope and functionality. Combined with quantum encryption technology, it constructs a more secure quantum information hiding and transmission system, ensuring the secure transmission of information in quantum networks. On one hand, it significantly reduces the demand for quantum resources, minimizing the involvement of unnecessary quantum bits and the number of quantum gate operations, thereby increasing the algorithm’s execution speed. On the other hand, leveraging the unconditional security provided by quantum encryption technology ensures a high level of confidentiality for data during transmission. This not only enhances the efficiency of information processing but also greatly improves the system’s resilience to interference, maintaining high information fidelity even in noisy environments. Additionally, by simplifying quantum circuit design, it reduces the cost and technical complexity of hardware implementation, making large-scale commercial applications feasible. In practical applications, MicroAlgo’s novel information hiding and transmission system has already been applied in multiple fields. For example, in medical image encryption, patient privacy data receives a higher level of protection; in financial transaction systems, customers’ sensitive financial information is similarly safeguarded effectively. Through this approach, not only is information security enhanced, but processing efficiency is also improved, meeting the modern society’s demand for high-speed and efficient data processing. In the future, with continuous advancements in quantum computing and quantum encryption technologies, MicroAlgo’s novel information hiding and transmission system is expected to expand beyond its current application scenarios to more emerging fields, such as artificial intelligence and big data analysis. For instance, in the field of artificial intelligence, leveraging the advantages of quantum computing can accelerate the training process of machine learning models; in big data analysis, quantum image processing technology can help extract valuable information from massive datasets more quickly. Through ongoing exploration and practice, quantum image processing technology will become more mature and refined, contributing to the construction of a more secure and efficient information society.
About MicroAlgo Inc.
MicroAlgo Inc. (the “MicroAlgo”), a Cayman Islands exempted company, is dedicated to the development and application of bespoke central processing algorithms. MicroAlgo provides comprehensive solutions to customers by integrating central processing algorithms with software or hardware, or both, thereby helping them to increase the number of customers, improve end-user satisfaction, achieve direct cost savings, reduce power consumption, and achieve technical goals. The range of MicroAlgo’s services includes algorithm optimization, accelerating computing power without the need for hardware upgrades, lightweight data processing, and data intelligence services. MicroAlgo’s ability to efficiently deliver software and hardware optimization to customers through bespoke central processing algorithms serves as a driving force for MicroAlgo’s long-term development.
Forward-Looking Statements
This press release contains statements that may constitute “forward-looking statements.” Forward-looking statements are subject to numerous conditions, many of which are beyond the control of MicroAlgo, including those set forth in the Risk Factors section of MicroAlgo’s periodic reports on Forms 10-K and 8-K filed with the SEC. Copies are available on the SEC’s website, www.sec.gov. Words such as “expect,” “estimate,” “project,” “budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,” “believes,” “predicts,” “potential,” “continue,” and similar expressions are intended to identify such forward-looking statements. These forward-looking statements include, without limitation, MicroAlgo’s expectations with respect to future performance and anticipated financial impacts of the business transaction.
MicroAlgo undertakes no obligation to update these statements for revisions or changes after the date of this release, except as may be required by law.
DUBAI, United Arab Emirates, June 09, 2025 (GLOBE NEWSWIRE) — Kaanch Network, a new Layer 1 blockchain project focused on real-time finance, on-chain identity, and decentralized governance, has officially crossed $2 million in presale funding a major milestone as it prepares for its public exchange listing later this month.
This puts Kaanch in a rare category of presale projects: one that combines technical depth with verified traction, all before going live.
What’s Driving the Surge?
Unlike hype-driven meme tokens or unfinished Layer 1 promises, Kaanch is already offering:
Live staking, with up to 30% APY for early participants
3,600 validators onboarding during presale
.knch domains a built-in identity layer
1.4 million TPS throughput with 0.8 second finality
Cross-chain compatibility with Ethereum, Solana, and BNB
A fixed token supply of 58 million, with no inflation model
The project is now in Stage 6 of its presale, with tokens priced at $0.32. The next stage will double the price to $0.64, increasing urgency for investors looking to enter before listing.
While many Layer 1s are still outlining whitepapers, Kaanch is already executing. Its staking and governance systems are live, identity infrastructure is functional, and validator participation is growing daily.
The network’s focus on real-world usability — including tools for institutional asset issuance and transparent DAO frameworks — has caught the attention of both crypto-native investors and traditional players exploring tokenized finance.
What’s Next for $KNCH?
Exchange listing is planned for late June
Staking rewards will continue post-TGE
Community governance will begin at launch
Developer tools, DAO frameworks, and the identity system will expand after listing
Kaanch isn’t just another presale. It’s a working system with funding, momentum, and community participation growing ahead of schedule.
Final Thought
Crossing $2M in funding puts Kaanch Network firmly on the radar of serious investors looking beyond speculative pumps. With a hard cap, working infrastructure, and a clear listing date, $KNCH is being recognized as one of the best cryptos to buy now and a presale that’s delivering more than just promises.
Many investors are looking for structured projects with real-world utility and limited supply. Kaanch Network ($KNCH) stands out as one of the best cryptos to buy now offering live staking, on-chain identity, and a hard supply cap of just 58 million tokens.
What are the top altcoins to watch in 2025?
Projects like Kaanch Network, Sui, and Avalanche are gaining traction due to strong fundamentals. Among them, Kaanch is still in presale, offering early access to a high-utility Layer 1 with live infrastructure.
Which crypto has the highest potential return in presale?
$KNCH, the native token of Kaanch Network, is still priced at $0.32 in Stage 6 of its presale. With a planned exchange listing in June and ongoing validator integration, it’s seen as a moonshot opportunity by early participants.
What is the best crypto presale to join right now?
Kaanch Network is widely considered one of the best crypto presales live now, thanks to its technical readiness, capped supply, and staking rewards already active. The project has raised over $2 million and is on track for a June exchange launch.
What’s the best Layer 1 blockchain launching in 2025?
Kaanch Network is being recognized as a top new Layer 1 for its combination of high throughput (1.4M TPS), .knch domain-based identity, and smart DAO governance all live before token listing.
Is there a high-potential crypto under $1?
Yes. $KNCH is still trading under $1 at $0.32, with staking, validator onboarding, and identity tools already functional. It’s one of the best cryptos under $1 offering real infrastructure.
What makes Kaanch different from other presales?
Unlike many projects that rely on whitepaper promises, Kaanch Network has already delivered key components like staking and identity tools. It’s a presale built around usability not just hype.
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The Lancet has released its second global commission report on Adolescent Health and Wellbeing. Adolescents are defined as 10- to 24-year-olds. The report builds on the first one, done in 2016. The latest report presents substantial original research that supports actions it recommends to be taken across sectors as well as at global, regional, country and local level. The co-chairs of the commission, Sarah Baird, Alex Ezeh and Russell Viner, together with the youth commissioners lead, Shakira Choonara, give a guide to the report’s findings.
What were the key findings?
The report noted significant improvements in some aspects of adolescent health and wellbeing since the 2016 report. These include reductions in:
communicable, maternal and nutritional diseases, particularly among female adolescents
the burden of disease from injuries
substance use, specifically tobacco and alcohol
teenage pregnancy.
It also found that there had been an increase in age at first marriage and in education, especially for young women.
Despite this progress, adolescent health and wellbeing is said to be at a tipping point. Continued progress is being undermined by rapidly escalating rates of
non-communicable diseases and mental disorders, accompanied by threats from compounding and intersecting megatrends. These include climate change and environmental degradation, the growing power of commercial influences on health, rising conflict and displacement, rapid urbanisation, and the aftermath of the COVID-19 pandemic.
These megatrends are outpacing responses from national governments and the international community.
What’s unique about today’s cohort of adolescents?
Born between 2000 and 2014, this is the first cohort of humans who will live their entire life in a time when the average annual global temperature has consistently been 0.5°C or higher above pre-industrial levels.
At roughly 2 billion adolescents, they are the largest cohort of adolescents in the history of humanity. And this number will not be surpassed as populations age and fertility rates fall in even the poorest countries.
They are the first generation of global digital natives. They live in a world of immense resources and opportunities, with unprecedented connectedness made possible by the rapid expansion of digital technologies. This is true even in the hardest-to-reach places.
Growing participation in secondary and tertiary education is equipping adolescents of all genders with new economic opportunities and providing pathways out of poverty.
These opportunities, however, are not being realised for most adolescents. Increasing numbers continue to grow up in settings with limited opportunities. In addition, investments in adolescent health and wellbeing continue to lag relative to their population share or their share of the global burden of disease.
Investments in adolescents accounted for only 2.4% of the total development assistance for health in 2016-2021. This was despite the fact that adolescents accounted for 25.2% of the global population in that period and 9.1% of the total burden of disease. We use development assistance as a measure because, while governments also invest in adolescents, it’s difficult to account for how much this is. For example, when a government supports a health facility, it serves the entire population.
Yet, the report provides evidence to show that the return on investments in adolescent health and wellbeing is highly cost-effective and at par with investments in children.
What’s the news for adolescents in Africa?
The report recognises the special place of Africa in the global future of adolescents. It notes that, by the end of this century, nearly half of all adolescents will live in Africa.
Currently, adolescents in Africa experience higher burdens of communicable, maternal and nutritional diseases, at more than double the global average for both male and female adolescents. They also have a higher prevalence of anaemia, adolescent childbearing, early marriage and HIV infection. They are much less likely to complete 12 years of schooling and more likely to not be in education, employment, or training.
Female adolescents in sub-Saharan Africa have the highest adolescent fertility rate at 99.4 births per 1,000 female adolescents aged 15-19 (the global average is 41.8). They have also experienced the slowest decline between 2016 and 2022.
Globally, there was progress in reducing child marriage between 2016 and 2022. But in eight countries in 2022, at least one in three female adolescents aged 15–19 years was married. All but one of these eight countries were in sub-Saharan Africa. Niger (50.2%) and Mali (40.6%) had the highest proportion of married female adolescents.
The practice of child marriage is declining in south Asia and becoming more concentrated in sub-Saharan Africa. As the report notes:
it continues because of cultural norms, fuelled by economic hardships, insurgency, conflict, ambiguous legal provisions, and lack of political will to enforce legal provisions.
What should be Africa’s focus areas?
Beyond adolescent sexual and reproductive health concerns in sub-Saharan Africa, obesity is increasing fastest in the region. This illustrates the vulnerability of adolescents to the power of commercial interests.
Since 1990, obesity and overweight has increased by 89% in prevalence among adolescents aged 15–19 years in sub-Saharan Africa. This is the largest regional increase.
The absence of data on adolescents is a problem. Adolescents in sub-Saharan Africa are absent in many data systems. For example, data on adolescent mental health in sub-Saharan Africa is virtually absent.
Stronger data systems are needed to understand and track progress on the complex set of determinants of adolescent health and wellbeing.
Another area of concern is the massive inequities within countries, often gendered or by geography. While female adolescents in Kenya are experiencing substantial declines in the burden of HIV and sexually transmitted infections, adolescent males are experiencing increasing burdens. In South Africa, years of healthy life lost to maternal disorders show more than 10-fold differences between the Western Cape and North West provinces.
Where there’s been strong political leadership, remarkable changes have been seen. Take the case of Benin Republic. The adolescent fertility rate in the country declined from 26% in 1996 to 20% in 2018 and child marriage from 39% to 31% over the same period. Strong political leadership has also led to substantial reductions in female genital mutilation or cutting. This fell from 12% of girls in Benin in 2001 to 2% in 2011–12 among 15–19-year-old girls in Benin Republic. Political leadership also facilitated the expansion, by the national parliament in 2021, of the grounds under which women, girls, and their families could access safe and legal abortion.
But for every country that takes positive steps to protect the health and wellbeing of adolescents, several others regress.
The last decade has witnessed regression in several countries. In 2024, The Gambia attempted to repeal a 2015 law criminalising all acts of female genital mutilation or cutting. In 2022, Nigeria’s federal government ordered the removal of sex education from the basic education curriculum.
What are the recommended courses of action?
The report calls for a multisectoral approach across multiple national ministries and agencies, including the office of the head of state, and within the UN system.
Coordination and accountability mechanisms for adolescent health and wellbeing also need to be strengthened.
Laws and policies are needed to protect the health and rights of adolescents, reduce the impact of the commercial determinants of health, and promote healthy use of digital and social media spaces and platforms.
Strong political leadership at local, national, and global levels is essential.
The report also calls for prioritised investments, the creation of enabling environments to transform adolescent health and wellbeing, and the development of innovative approaches to address complex and emerging health threats.
It calls for meaningful engagement of adolescents in policy, research, interventions and accountability mechanisms that affect them.
Without these concerted actions, we risk failing our young people and losing out on the investments being made in childhood at this second critical period in their development.
The current adverse international aid climate is particularly affecting adolescents as much development assistance relates to gender and sexual and reproductive health. Concerted action in addressing adolescent health and wellbeing is an urgent imperative for sub-Saharan Africa.
Alex Ezeh is a fellow at the Stellenbosch Institute for Advanced Study (Stias).
Russell Viner and Sarah Baird do not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and have disclosed no relevant affiliations beyond their academic appointment.
Source: United Kingdom – Executive Government & Departments 3
Press release
First meeting of defence industry body to forge new partnership and industry mobilisation
Defence Secretary John Healey co-chairs the first Defence Industrial Joint Council meeting today, bringing together defence firms, trade unions and investors to forge a new partnership aimed at improving warfighting readiness, driving innovation and boosting British jobs.
Defence Secretary to co-chair inaugural Defence Industrial Joint Council meeting at Hadean’s London headquarters.
Council members include primes, tech companies, small and medium enterprises (SMEs), trade unions and investors, bringing diverse defence industry expertise from all across the UK to the heart of defence decision-making.
Focus on delivering the Government’s Plan for Change by driving jobs and prosperity through a new partnership with industry and driving procurement reforms, marking start of London Tech Week and following launch of the Strategic Defence Review.
The UK’s drive to improve warfighting readiness and turbocharge defence innovation will be the focus of the first ever meeting of the Government’s new Defence Industrial Joint Council (DIJC) today – bringing together Ministers and defence firms of all sizes with trade unions and investors.
Co-chaired by the Secretary of State for Defence, John Healey and Dr. Charles Woodburn, Chief Executive Officer at BAE Systems, the meeting comes at a significant moment for defence, following the publication of the Government’s Strategic Defence Review and in the lead-up to the Defence Industrial Strategy’s publication this summer.
Industry, innovators and investors will benefit from the new partnership with UK Defence, enabling better decision-making and communication between the MOD and its industry partners, boosting British jobs and national security, underpinning the Government’s Plan for Change.
This comes as the Prime Minister made the historic commitment to increase defence spending to 2.5% of UK GDP by April 2027, recognising the critical importance of military readiness in an era of heightened global uncertainty.
Closer collaboration with the defence industry was a key focus of the Strategic Defence Review, which saw the UK committing to:
Investing £6bn in munitions this parliament, including £1.5bn in an “always on” pipeline for munitions and building at least 6 new energetics and munitions factories in the UK, generating over 1,000 jobs and boosting export potential.
Establishing UK Defence Innovation with £400m to fund and grow UK based companies.
Creating a new Defence Exports Office in the Ministry of Defence to drive exports to our allies and growth at home.
Introducing radical new reforms to speed up defence procurement.
Defence Secretary John Healey MP said:
National security is at the heart of our Plan for Change and is essential for economic security. We are sending a signal to industry and to our adversaries: with a strong UK defence sector we will make Britain secure at home and strong abroad.
It is an honour to co-chair the inaugural meeting of the Defence Industrial Joint Council, through which we can forge a new and improved partnership between government and industry, while also bringing trade unions and investors closer to the heart of defence decision-making. I am proud that this council brings together, for the first time, the full range of voices across UK Defence.
UK Defence is open for business and driving defence as an engine for economic growth, boosting British jobs across the UK.
The DIJC replaces the former Defence Suppliers Forum and aims to harness a wider, and more diverse set of defence expertise to shape the future of Britain’s defence manufacturing, supply chain and innovation – including trade union representation alongside SMEs and investors for the first time.
The Council is underpinned by a commitment to continually refresh and widen its membership, to champion new entrants to the defence sector. The diversity of the DIJC’s members reflects the defence sector of the future, a joint endeavour characterised by innovation and efficiency.
The meeting coincides with the first day of London Tech Week, serving as a reminder of the cutting-edge innovation delivered through defence tech year-round and its contribution to keeping the UK safe at home and strong abroad. Innovation as a driver for growth has been recognised by government with a commitment to ringfencing 10% defence budget for investment in novel technologies.
Dr. Charles Woodburn, Chief Executive Officer at BAE Systems said:
Today’s meeting of the Defence Industrial Joint Council is an important moment, bringing together defence companies of all sizes, along with trade unions and investors, to support implementation of the Government’s forthcoming Defence Industrial Strategy.
Improved collaboration and communication will enable industry to continue investing in new technologies, facilities and our workforce to create a stronger UK defence industrial base ready to meet evolving military requirements in an increasingly uncertain world.
Innovation can be delivered most efficiently through partnerships between the public and private sectors, exemplified by the latest remotely operated underwater robot developed by the Defence Science and Technology Laboratory (Dstl) with small and medium enterprises. By modifying a commercially available remotely operated vehicle, Dstl and its industry partners have created a prototype which might soon be able to save lives at sea for the Royal Navy and prevent adversaries from sabotaging undersea cables and pipelines.
Despite serving as crucial guardians of biodiversity, traditional communities continue to be systematically excluded from developing and managing protected areas. This often subtle, silent exclusion has fueled persistent, complex socio-environmental conflicts, harming both conservation and the welfare of Indigenous peoples, riverside populations, Afro-Brazilian quilombola communities, and smallholder farmers.
A recent study, “Socio-environmental Conflicts and Traditional Communities in Protected Areas: A Scientometric Analysis,” published in the Journal for Nature Conservation, mapped how scientific literature has examined these conflicts over time.
Researchers from the Federal University of Western Pará (UFOPA), the Federal University of Pará (UFPA), the University of International Integration of Afro-Brazilian Lusophony (UNILAB), and the Vale Institute of Technology (ITV) collaborated on the study as part of the National Institute of Science and Technology in Synthesis of Amazonian Biodiversity (INCT-SynBiAm) and the Eastern Amazon Biodiversity Research Program (PPBio-AmOr).
The team reviewed 263 scientific articles published worldwide between 1990 and August 2024, sourced from Scopus and Web of Science. Their analysis revealed significant gaps in research on this topic and offered recommendations for more just, inclusive, and effective management of protected territories.
What does science reveal about these conflicts?
The research shows not only a rise in conflicts involving traditional communities and protected zones, but also their diversity. The main sources of tension are:
1. Access to subsistence resources: Local prohibitions—often unilaterally enacted—restrict fishing, hunting, gathering, and subsistence agriculture, all vital for food and income. These constraints sever longstanding traditions of sustainable resource use, leading to food insecurity and marginalization.
2. Exclusionary management of protected areas: Community voices are rarely included in decisions about protected area creation or management. The absence of prior consultation and disregard for traditional knowledge often yield policies disconnected from local realities. Such centralized management breeds resentment and undermines conservation; participatory governance is essential to socio-environmental justice.
A study in Chile involving Aymaras, Atacameñas, and Mapuche-Huilliches communities found that while participatory practices and technical support from the CONAF forest agency improved perceptions, dissatisfaction persists due to initial exclusion. Many continue to assert ancestral land rights and demand meaningful input, highlighting the urgent need to build trust and align conservation with social justice.
3. Conflicts involving wildlife: Local communities contend with damaged crops, attacks on domestic animals, and even threats to personal safety. Large mammals such as elephants, lions, jaguars, and buffalo are the main culprits. Habitat loss and depleted food sources exacerbate these incidents. Peaceful coexistence requires inclusive, context-specific solutions.
4. Territorial disputes and land rights: Many protected areas overlap with territories long used by traditional peoples. Disavowed land rights provoke legal battles, forced displacement, and greater insecurity, compounding social challenges. Formal recognition of collective land title is key to reducing conflict and ensuring autonomy; these disputes exemplify the global fight for territorial justice.
In Mexico, a recent study documents the impact of land privatization, livestock expansion, plantations, and urbanization in the protected areas of Veracruz, Chiapas, and Morelos. It generated a land market that is disrupting Indigenous and peasant communities and threatening both their territories and forest conservation.
5. Cultural and socioeconomic disruption: Establishing protected areas can upend ways of life rooted in symbolic, generational relationships with nature. Prohibiting customary practices disrupts rituals, beliefs, and the intergenerational transmission of knowledge, silently eroding local cultures.
In the United States, Australia, and New Zealand, studies have noted frequent friction between Indigenous groups, recreational visitors, and managing agencies. Issues include access to sacred sites and resources on traditional lands, visitor infrastructure, permitted activities, and even place names.
6. Lack of recognition and real participation: When communities are denied a voice in decisions, historical inequities deepen, fueling conflict. Despite legal progress, many traditional groups remain excluded from governance. Without meaningful participation, environmental policy fails to address local needs—highlighting the urgent need for community leadership and real power-sharing in conservation.
Italy’s Monti Sibillini National Park in the Central Apennines offers an instructive case: rural depopulation has coincided with rising friction between environmental managers and locals. Imposed bureaucratic guidelines, unresponsiveness to community aspirations, and challenging collaboration between the park and municipalities have generated mutual frustration and hostility. This underscores the need for “knowledge democracy” and truly participatory stewardship that respects diverse ways of living on the land.
Within Brazil, the same types of socio-environmental strife observed worldwide are especially acute in national protected areas. Research shows that even in sustainably managed zones like Extractive Reserves, communities regularly face resource restrictions and limited decision-making power—a recipe for lingering resentment and compromised conservation. Centralized authority and denial of customary land rights often lead to drawn-out disputes, mirroring patterns across the Global South.
These findings highlight Brazil’s urgent need for strong co-management models—mechanisms that value local knowledge and foster territorial justice.
Such tensions cluster in nature reserves and national parks, where regulatory regimes often disregard local lifeways and worldviews. Although the law guarantees consultation and participation mechanisms like free, prior, and informed consultation, they are often ignored or implemented ineffectively.
Another key finding: 66.54% of studies focused on non-Indigenous populations, while only 16.73% examined Indigenous peoples exclusively. This imbalance exposes the under-representation of research attentive to the full range of traditional communities.
Such gaps hinder efforts to understand these peoples’ rich cultural and ecological realities—and in turn, weakens recognition of their expertise and the value of their knowledge for global biodiversity conservation. Scientific consensus now affirms the vital role these communities play in preservation, yet too often they are treated as problems to be managed, not as collaborative partners.
Why does conservation demand inclusion?
Ensuring traditional communities participate in planning and stewarding protected lands is not only a matter of justice, but fundamental to effective conservation. Sustainable outcomes depend on their involvement. This study underscores the urgent need for public policies that are both inclusive and tailored to local conditions, embedding traditional knowledge as an indispensable part of conservation solutions, not as an obstacle.
Worldwide, co-management experiments show that community involvement fosters compliance with conservation rules, improves governance, and delivers stronger socio-environmental benefits.
Shifting the focus to Amazonian science
While most studies reviewed focus on countries in the Global South—like Brazil and India—research production is dominated by institutions in the Global North. This reflects persistent “parachute science”: fieldwork by foreign scientists in rich biodiversity zones, often excluding local scientists and communities from the research process. Such projects often leave little local benefit, treating Amazonian residents as data collectors or study subjects.
To address this, efforts must shift toward empowering Amazonian scientific institutions and researchers, strengthening their role in shaping conservation and research agendas, and realizing epistemic justice. Investments are especially needed in institutions serving remote, often overlooked regions of the Amazon.
With robust support, these institutions can fill crucial gaps—producing research attuned to local realities, expanding our understanding of Amazonian ecosystems, and inspiring new generations of scientists.
Researchers living and working in the Amazon possess deep, context-sensitive knowledge of the territory, enabling them to pose more relevant questions and craft solutions suited to regional challenges and opportunities. Their scholarship, in ongoing dialogue with both environment and community, enriches global science and yields practical advances that matter for daily life in the forest.
Proximity to Indigenous, riverside, and urban populations also enables more authentic community participation in research. When research projects originate from local priorities and perspectives, they strengthen communities, help protect biodiversity, and affirm the possibility of uniting science, social justice, and climate action.
Leandro Juen has a productivity grant from the National Council for Scientific and Technological Development (CNPq), research projects funded by CNPq, the Coordination for the Improvement of Higher Education Personnel (CAPES), the Amazon Foundation for Studies and Research (FAPESPA) and the BRC Biodiversity Consortium.
Everton Silva, Fernando Abreu Oliveira, Fernando Geraldo de Carvalho, James Ferreira Moura Junior, José Max B. Oliveira-Junior, Karina Dias-Silva e Mayerly Alexandra Guerrero Moreno não presta consultoria, trabalha, possui ações ou recebe financiamento de qualquer empresa ou organização que poderia se beneficiar com a publicação deste artigo e não revelou nenhum vínculo relevante além de seu cargo acadêmico.
Product line includes Druck, Panametrics and Reuter-Stokes brands
Transaction aligns with Baker Hughes’ ongoing portfolio optimization
HOUSTON and LONDON, June 09, 2025 (GLOBE NEWSWIRE) — Baker Hughes (NASDAQ: BKR), an energy technology company, announced Monday an agreement to sell its Precision Sensors & Instrumentation (PSI) product line to Crane Company (NYSE: CR, “Crane”), a diversified manufacturer of engineered industrial products, for a total cash consideration of approximately $1.15 billion.
PSI, part of Baker Hughes’ Industrial & Energy Technology (IET) segment, includes the Druck, Panametrics and Reuter-Stokes brands. These brands manufacture instrumentation and sensor-based technologies to detect and analyze pressure, flow, gas, moisture and radiation across various industries. PSI employs approximately 1,600 people across several manufacturing and service facilities globally. The sale encompasses all assets of the business, including intellectual property, footprint and resources.
This divestiture, along with the recently announced Surface Pressure Control transaction, is aligned with Baker Hughes’ focus on value-creating portfolio management that enhances the durability of earnings and cash flow and enables the company to reallocate capital toward higher-return opportunities using a strategic and disciplined approach to capital deployment.
“This transaction continues the progress we have made in enhancing our strategic focus on IET’s core competencies of rotating equipment, asset performance management, flow control, and decarbonization to continue to drive higher returns, reinforcing our commitment to long-term value for our shareholders,” Baker Hughes Chairman and CEO Lorenzo Simonelli said. “We believe the value realized in this transaction is a testimony to these product lines’ quality and the potential they can achieve as part of Crane.”
Crane is a leading manufacturer of highly engineered components for challenging, mission-critical applications focused on the aerospace, defense, space and process industry end markets.
The closing of the transaction is subject to customary conditions, including regulatory approvals, and is expected to close at the end of 2025 or early 2026.
Evercore is serving as financial adviser for Baker Hughes on this transaction.
About Baker Hughes Baker Hughes (NASDAQ: BKR) is an energy technology company that provides solutions to energy and industrial customers worldwide. Built on a century of experience and conducting business in over 120 countries, our innovative technologies and services are taking energy forward – making it safer, cleaner and more efficient for people and the planet. Visit us at bakerhughes.com.
Beijing, June 09, 2025 (GLOBE NEWSWIRE) — AGM Group Holdings Inc. (“AGM Holdings” or the “Company”) (NASDAQ: AGMH), an integrated technology company specializing in the assembling and sales of high-performance hardware and computing equipment, today announced that the Nasdaq Hearings Panel issued a decision granting the Company’s request for continued listing on The Nasdaq Capital Market subject to the Company’s compliance with certain conditions, including compliance with the $1.00 bid price requirement by June 16, 2025, and continued compliance with all applicable criteria for continued listing on the Capital Market tier through at least September 29, 2025.
About AGM Group Holdings Inc.
AGM Group Holdings Inc. (NASDAQ: AGMH) is an integrated technology company specializing in the assembling and sales of high-performance hardware and computing equipment. With a mission to become a key participant and contributor in the global blockchain ecosystem, AGMH focuses on the research and development of blockchain-oriented Application-Specific Integrated Circuit (ASIC) chips, the assembling and sales of high-end crypto miners for Bitcoin and other cryptocurrencies. For more information, please visit www.agmprime.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. Investors can identify these forward-looking statements by words or phrases such as “approximates,” “assesses,” “believes,” “hopes,” “expects,” “anticipates,” “estimates,” “projects,” “intends,” “plans,” “will,” “would,” “should,” “could,” “may” or 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 U.S. Securities and Exchange Commission.
RANCHO CUCAMONGA, Calif., June 09, 2025 (GLOBE NEWSWIRE) — iPower Inc. (Nasdaq: IPW) (“iPower” or the “Company”), a tech and data-driven ecommerce services provider and online retailer, today announced that it has made a deposit payment to initiate the production of a new, fully integrated equipment line as part of its broader U.S.-based manufacturing strategy under the “Made in USA” module of its SuperSuite platform.
This payment secures the start of equipment production for iPower’s new joint venture, United Package NV LLC (“United Package”), and represents a key milestone in reshoring strategic manufacturing capabilities. The equipment is expected to complete production within two months, with shipping, installation, and testing to follow thereafter. The Company is targeting a full operational launch in Q4 2025.
“Our investment in United Package marks a major step forward in our strategic goal to localize key manufacturing functions,” said Lawrence Tan, CEO of iPower. “By initiating production now, we are not only strengthening our operational resilience, but also creating additional value for our partners and customers through faster delivery, quality control, and service agility. This initiative reinforces our long-term vision of building a stronger, more sustainable supply chain ecosystem in the U.S.”
In addition to iPower’s digital sales infrastructure and nationwide fulfillment capabilities, United Package will benefit from the offline sales channels and established B2B customer base of its joint venture partner — significantly accelerating go-to-market efficiency and customer reach.
Together, the joint venture is poised to offer:
Shortened lead times and improved delivery reliability
Localized control over production timelines and quality
Optimized inventory management with real-time visibility
Expanded access to both digital and traditional sales channels
This development also reinforces iPower’s long-term strategy to integrate its “Made in USA” module into the SuperSuite platform — providing end-to-end support for domestic manufacturing, from legal and compliance guidance to facility setup, labor sourcing, logistics and last-mile delivery.
About iPower Inc.
iPower Inc. is a tech and data-driven online retailer, as well as a provider of value-added ecommerce services for third-party products and brands. iPower’s capabilities include a full spectrum of online channels, robust fulfillment capacity, a nationwide network of warehouses, competitive last mile delivery partners and a differentiated business intelligence platform. iPower believes that these capabilities will enable it to efficiently move a diverse catalog of SKUs from its supply chain partners to end consumers every day, providing the best value to customers in the U.S. and other countries. For more information, please visit iPower’s website at www.meetipower.com.
Forward-Looking Statements
All statements other than statements of historical fact in this press release are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations and projections about future events and financial trends that iPower believes may affect its financial condition, results of operations, business strategy, and financial needs. Investors can identify these forward-looking statements by words or phrases such as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “potential,” “continue,” “is/are likely to” or other similar expressions. iPower undertakes no obligation to update forward-looking statements to reflect subsequent events or circumstances, or changes in its expectations, except as may be required by law. Although iPower 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 iPower 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 and performance in iPower’s most recent Annual Report on Form 10-K and subsequent SEC filings for more detailed information.
CULVER CITY, Calif., June 09, 2025 (GLOBE NEWSWIRE) — Snail, Inc. (Nasdaq: SNAL) (“Snail Games” or the “Company”), a leading global independent developer and publisher of interactive digital entertainment, is hosting its annual Publisher Sale on Steam, marking one of its most impactful revenue-driving windows of the year. With deep discounts across its publishing portfolio and several anticipated titles previewing during Steam Next Fest, the event underscores Snail’s continued growth and momentum to drive player acquisition across its game portfolio.
Snail Games’ Steam Publisher Sale event continues to be a major driver of revenue and user acquisition, driving daily unit sales to 1.6x the average of non-promotional periods during last year’s event. Snail Games aims to exceed this figure, offering the highest discounts to date on key titles, and a more robust portfolio including recent launches and content updates. These sale windows not only generate short-term revenue growth opportunities but more importantly serve as high-impact discovery opportunities for back catalog titles, early access games, and new releases to build the foundation for long-term player engagement and sustained monetization.
Historically High Discount
Bellwright sees its highest discount since its early access launch at 20% off on Steam during the Publisher Sale, as Snail Games aims to drive player acquisition ahead of upcoming content drops, including an exclusive Mod Kit available now on the Epic Games Store.
Fan Favorites & Content Updates
ARK Franchise Bundle – ARK: Survival Evolved, ARK: Survival Ascended, PixARK and ARK Park are leveraging franchise equity to drive user acquisition and conversion with 20% off the already discounted titles. PixARK– The voxel-based survival and creature-taming title is available at 57% off and included in the ARK Franchise Bundle. West Hunt– Multiplayer social deduction title West Hunt is 50% off, sustaining long-tail engagement since its launch in 2023 through strong community activity and creator-led discoverability. The Cecil: A Journey Beyond – Psychological horror title, inspired by the real-life Cecil Hotel in Los Angeles, is 15% off and features a new update. Chasmal Fear – Sci-fi horror FPS Chasmal Fear is 15% off, with a massive update that addresses player feedback to expand its player base and strengthen retention. Survivor Mercs – Extraction roguelite Survivor Mercs is 38% off with a playable demo available, pushing for early access growth and feedback-driven development.
Highlighted Upcoming Titles
Robots at Midnight – Action RPG Robots at Midnight, launching on June 19, 2025, is now available to Wishlist on Steam and for pre-order on Xbox, building early audience momentum. Echoes of Elysium– Airship survival RPG Echoes of Elysium is highlighted in the Snail Games “Wishlist Now” section and debuts its first public demo ahead of Steam Next Fest, targeting Wishlist growth and early player onboarding. Zombie Rollerz: The Last Ship – Tower defense-on-wheels roguelite, ZombieRollerz is participating in Steam Next Fest with a live demo available now, anchoring its visibility ahead of release.
About Snail, Inc. Snail, Inc. (Nasdaq: SNAL) is a leading, global independent developer and publisher of interactive digital entertainment for consumers around the world, with a premier portfolio of premium games designed for use on a variety of platforms, including consoles, PCs, and mobile devices. For more information, please visit: https://snail.com/.
Forward-Looking Statements This press release contains statements that constitute forward-looking statements. Many of the forward-looking statements contained in this press release can be identified by the use of forward-looking words such as “anticipate,” “believe,” “could,” “expect,” “should,” “plan,” “intend,” “may,” “predict,” “continue,” “estimate” and “potential,” or the negative of these terms or other similar expressions. Forward-looking statements appear in a number of places in this press release and include, but are not limited to, the Publisher Sale on Steam being one of the Company’s most impactful revenue-driving windows of the year and a major driver of revenue and user acquisition for the Company and that these sale windows not only generate short-term revenue growth opportunities, but more importantly serve as high-impact discovery opportunities for back catalog titles, early access games, and new releases to build the foundation for long-term player engagement and sustained monetization. You should carefully consider the risks and uncertainties described in the “Risk Factors” section of the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2024, which was filed by the Company with the SEC on March 26, 2025 and other documents filed by the Company from time to time with the SEC, including the Company’s Forms 10-Q filed with the SEC. The Company does not undertake or accept any obligation to release publicly any updates or revisions to any forward-looking statements to reflect any change in its expectations or any change in events, conditions, or circumstances on which any such statement is based.
Investor Contact: John Yi and Steven Shinmachi Gateway Group, Inc. 949-574-3860 SNAL@gateway-grp.com
SAN JOSE, Calif., June 09, 2025 (GLOBE NEWSWIRE) — Nutanix, Inc. (NASDAQ: NTNX), a leader in hybrid multicloud computing, today announced that it will host a webinar to discuss the cloud native capabilities of the Nutanix Cloud Platform, including Nutanix Kubernetes Platform, Nutanix Data Services for Kubernetes and Nutanix Enterprise AI.
Speakers will include: Thomas Cornely, SVP, Product Management Dan Ciruli, Sr. Director, Product Management
No financial information will be discussed during the event.
Date and Time: Friday, June 13, 2025 8:00 a.m. PDT; 11:00 a.m. EDT
To register for the webinar, please access the link here.
A live webcast and replay of the presentation will also be accessible on the Nutanix Investor Relations website at ir.nutanix.com
About Nutanix Nutanix is a global leader in cloud software, offering organizations a single platform for running applications and managing data, anywhere. With Nutanix, companies can reduce complexity and simplify operations, freeing them to focus on their business outcomes. Building on its legacy as the pioneer of hyperconverged infrastructure, Nutanix is trusted by companies worldwide to power hybrid multicloud environments consistently, simply, and cost-effectively. Learn more at www.nutanix.com or follow us on social media @nutanix.
LAS VEGAS, June 09, 2025 (GLOBE NEWSWIRE) — Hyperscale Data, Inc. (NYSE American: GPUS), a diversified holding company (“Hyperscale Data” or the “Company”), today announced that the Company and Gresham Worldwide, Inc. (“Gresham Worldwide”), currently an affiliated defense business in which the Company holds a majority economic interest, have entered into a comprehensive settlement agreement (the “Settlement Agreement”) with Gresham Worldwide’s senior secured noteholders in its Chapter 11 bankruptcy proceedings. While the Settlement Agreement is subject to court approval, Gresham Worldwide is expected to emerge from bankruptcy as a subsidiary of the Company on or before October 1, 2025.
Upon Gresham Worldwide’s emergence from bankruptcy, Hyperscale Data expects to reconsolidate Gresham Worldwide’s financial results into its financial statements and anticipates that Gresham Worldwide will contribute up to an additional $10 million in consolidated revenue in the fourth quarter of 2025. If the reconsolidation of Gresham Worldwide had occurred on January 1, 2025, on a pro forma basis, a non-GAAP financial measure, this reconsolidation would have been expected to increase the Company’s annualized revenue for 2025 by approximately $40 million.
In connection with the anticipated reconsolidation, Hyperscale Data has raised its full-year 2025 GAAP basis revenue guidance to a range of $125 million to $135 million. The table below presents pro forma figures, which are not necessarily consistent with GAAP, that show the expected revenue run rate including an annualized contribution from Gresham Worldwide:
Revenue Guidance
Low End
High End
Previously issued guidance
$
115,000,000
$
125,000,000
Pro forma annualized contribution from Gresham Worldwide
40,000,000
40,000,000
Pro forma total revenue
$
155,000,000
$
165,000,000
“The settlement marks a turning point for Gresham Worldwide and reflects the hard work and collaboration of all parties involved,” said Milton “Todd” Ault III, Executive Chairman of Hyperscale Data. “We expect Gresham Worldwide’s emergence from bankruptcy to create substantial value for Hyperscale Data through meaningful revenue contribution and operational momentum as we move forward. We look forward to supporting Gresham Worldwide’s long-term growth and success.”
For more information on Hyperscale Data and its subsidiaries, Hyperscale Data recommends that stockholders, investors and any other interested parties read Hyperscale Data’s public filings and press releases available under the Investor Relations section at hyperscaledata.com or available at www.sec.gov.
About Hyperscale Data, Inc.
Through its wholly owned subsidiary Sentinum, Inc., Hyperscale Data owns and operates a data center at which it mines digital assets and offers colocation and hosting services for the emerging artificial intelligence (“AI”) ecosystems and other industries. Hyperscale Data’s other wholly owned subsidiary, Ault Capital Group, Inc. (“ACG”), is a diversified holding company pursuing growth by acquiring undervalued businesses and disruptive technologies with a global impact.
Hyperscale Data expects to divest itself of ACG on or about December 31, 2025 (the “Divestiture”). Upon the occurrence of the Divestiture, the Company would solely be an owner and operator of data centers to support high-performance computing services, though it may at that time continue to mine Bitcoin. Until the Divestiture occurs, the Company will continue to provide, through ACG and its wholly and majority-owned subsidiaries and strategic investments, mission-critical products that support a diverse range of industries, including an AI software platform, social gaming platform, equipment rental services, defense/aerospace, industrial, automotive, medical/biopharma and hotel operations. In addition, ACG is actively engaged in private credit and structured finance through a licensed lending subsidiary. Hyperscale Data’s headquarters are located at 11411 Southern Highlands Parkway, Suite 190, Las Vegas, NV 89141.
On December 23, 2024, the Company issued one million (1,000,000) shares of a newly designated Series F Exchangeable Preferred Stock (the “Series F Preferred Stock”) to all common stockholders and holders of the Series C Convertible Preferred Stock on an as-converted basis. The Divestiture will occur through the voluntary exchange of the Series F Preferred Stock for shares of Class A Common Stock and Class B Common Stock of ACG (collectively, the “ACG Shares”). The Company reminds its stockholders that only those holders of the Series F Preferred Stock who agree to surrender such shares, and do not properly withdraw such surrender, in the exchange offer through which the Divestiture will occur, will be entitled to receive the ACG Shares and consequently be stockholders of ACG upon the occurrence of the Divestiture.
Forward-Looking Statements
This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements generally include statements that are predictive in nature and depend upon or refer to future events or conditions, and include words such as “believes,” “plans,” “anticipates,” “projects,” “estimates,” “expects,” “intends,” “strategy,” “future,” “opportunity,” “may,” “will,” “should,” “could,” “potential,” or similar expressions. Statements that are not historical facts are forward-looking statements. Forward-looking statements are based on current beliefs and assumptions that are subject to risks and uncertainties.
Forward-looking statements speak only as of the date they are made, and the Company undertakes no obligation to update any of them publicly in light of new information or future events. Actual results could differ materially from those contained in any forward-looking statement as a result of various factors. More information, including potential risk factors, that could affect the Company’s business and financial results are included in the Company’s filings with the U.S. Securities and Exchange Commission, including, but not limited to, the Company’s Forms 10-K, 10-Q and 8-K. All filings are available at www.sec.gov and on the Company’s website at hyperscaledata.com.
Paddy Hill spent more than 16 years in prison for murders he did not commit. One of the so-called Birmingham Six who were wrongfully convicted for the Birmingham pub bombings in 1974, he was proof that exoneration and financial compensation do not fix a miscarriage of justice.
When I met him in July 2023, more than 30 years after his release from prison, his ordeal continued to haunt him. He was in his late 70s, looking frail and far from the “12 and a half stone” man he was in Parkhurst Prison. He had very little appetite and was in poor health. The little sleep he was able snatch was marred by screaming nightmares.
Neither of us knew it at the time, but this was to be his final interview. He died aged 80, on December 30 2024. I sat down to talk with Hill in his living room. Struggling to control his emotions, he told me: “Sometimes I sit in the bedroom … and I’m crying my eyes out like a child and I don’t know what the fuck happened … I’ve been so fucking screwed up.”
The ITV docudrama Mr Bates vs the Post Office thrust wrongful convictions into mainstream consciousness in January 2024 – a quarter of a century after the Post Office began prosecuting sub-postmasters and mistresses for fraud, theft, and false accounting and 15 years after Rebecca Thomson’s Computer Weekly article exposing the Horizon IT system as the potential culprit.
Now the public could finally see the human impact of miscarriages of justice on these upstanding – and, more importantly, innocent – members of their communities. Public outrage followed.
But despite the mass quashing of hundreds of convictions, and amid promises of speedy financial compensation, progress has been pitiful. While collecting a National Television Award in September 2024, former sub-postmistress Jo Hamilton confirmed that out of the “555 group”, those involved in the litigation which exposed the Horizon scandal, “more than 300 haven’t been paid yet, including Sir Alan Bates”.
Sadly, this timescale is far from unusual. In July 2023, Andrew Malkinson finally had his 2003 rape conviction overturned after several unsuccessful appeals, including unsuccessful applications in 2012 and 2020 to the Criminal Cases Review Commission (CCRC), the independent body which investigates potential miscarriages of justice.
Crucially, the CCRC did not commission the DNA testing that finally exonerated him and did not review police files which would have shown that Greater Manchester Police had withheld crucial evidence at his trial.
Malkinson spent 17 years in prison maintaining his innocence. Perversely, he could have been released sooner had he falsely confessed. He was eventually exonerated thanks to the help of the charity Appeal, which commissioned those crucial DNA tests and unearthed the disclosure failures.
The CCRC has since acknowledged in an independent review that it “failed Mr Malkinson” with chairperson Helen Pitcher OBE (whose recent resignation was welcomed by the Ministry of Justice) eventually expressing “sincere regret and an unreserved apology on behalf of the commission”. All of this happened 12 months after Malkinson called on the CCRC to apologise to him. Malkinson said it was “shameful” that the CCRC has kept private the names of those responsible for his ordeal and delayed the publishing of the report highlighting its mishandling of his case.
The true number of miscarriages of justice is unknown. In the UK, the CCRC referral rate averages 2% including appeals of sentence. In the US, estimates of wrongful conviction and imprisonment range from 6% to 15.4%.
The Insights section is committed to high-quality longform journalism. Our editors work with academics from many different backgrounds who are tackling a wide range of societal and scientific challenges.
Inevitably, some innocent people will have their appeals denied and will remain convicted for the rest of their lives. The trauma of remaining legally guilty of a crime you did not commit cannot be overstated.
But persistent psychological ill-effects can be seen even in those who have been formally exonerated, including long-term effects on their employment and relationships.
I’ve been examining cases like this as part of a research project into the experiences of people who suffer grave miscarriages of justice. Working with Dr Mandy Winterton at Edinburgh Napier University, I interviewed several men who have been imprisoned for crimes they did not commit.
As academics with psychology and sociology backgrounds, we were predominantly interested in how victims were affected by such injustices. Previous research has documented the litany of mental health and social effects on those who have been wrongfully convicted and exonerated, and the flaws in the criminal justice system that are to blame. But little attention has been paid to individual experiences. While there were clear commonalities in the men’s stories, they all had unique perspectives.
Of the people we spoke to, Hill and a man called Jimmy Boyle spoke to us on the record and specifically requested that they be named. I have given the other men featured here pseudonyms to protect their anonymity.
Paddy Hill
Hill’s story is particularly harrowing. On November 21 1974, shortly after 8pm, bombs exploded in two pubs in Birmingham, England, killing 21 people and injuring around 200 others. They were attributed to the Provisional Irish Republican Army (IRA), which had detonated many bombs in the West Midlands in the previous year.
Hill and his friends were arrested at Heysham Docks as they were boarding the ferry to Belfast to attend the funeral of an old friend who had been a member of the IRA. Hill said that they were initially interviewed at Morecambe police station in Lancashire, and the West Midlands Police took over their questioning the next day.
Hill and his co-accused were, says Hill, tortured by the West Midlands serious crime squad. They were subjected to anti-Irish verbal abuse, hours-long beatings over several days, mock executions, were burned with cigarettes, and deprived of sleep, food and drink. Unable to withstand this, four of the six men eventually signed false confessions, condemning them all to life imprisonment in 1975 for the murders. The six men brought a civil action against the West Midlands Police which was thrown out in 1980 by Lord Denning.
These shocking revelations eventually reached the public consciousness thanks to investigative journalist and former Labour MP Chris Mullin, who uncovered evidence of police wrongdoing and corruption. His work informed the group’s court of appeal hearing in 1987. However, the convictions were upheld by Lord Chief Justice Lane. It was only at their second appeal in 1991, after Mullin had uncovered more evidence of their innocence, that they were finally exonerated.
Despite other lines of enquiry which could have led to the real bombers – including a confession and several named suspects – the Crown Prosecution Service (CPS) decided in 2023 that there was insufficient evidence to prosecute, denying justice to the families of those killed and injured.
The impact on Hill’s family was enormous. With such public vitriol for the Birmingham Six, his wife and children had to move house regularly and change their names to avoid being recognised. He told me:
Everywhere they went, sooner or later somebody found out who they were and then they’d pick on them. And sometimes my kids were going to school and they couldn’t even remember what fucking name they were supposed to be using, they were that confused.
Hill’s marriage ended while he was in prison. “I told her to divorce me. I said: ‘Meet someone, you want to get married, don’t worry about me.’ And that was it.”
He later remarried, but his relationship with his children was irretrievably destroyed. “Along the way I lost my own kids, because I came out of jail and I didn’t feel nothing for my kids. I still don’t … I’ve spent more time here with you than I have done in the last 20 fucking years with my kids.”
Though he was referred to psychologists for support, he told me none were able to help him. Over and above the pains of imprisonment, the wrongfully convicted are betrayed by the very people that we are led to believe are there to protect us. The justice system has wrought on them the worst injustice, and many will suffer from enduring anger and mistrust of authorities.
When we met, Hill was still consumed by his anger and felt badly let down: “Over the years I realised I was never going to get any professional help from the government, even though we have it in writing that they have a duty of care towards us – but they’ve never done nothing to help us … If they did, they would acknowledge what they’ve done wrong.”
Up until his death, Hill had spent much of the past 30 years helping other survivors of miscarriages of justice. Initially intending to spend his first 12 months of freedom campaigning, he “got involved with the families, and it was then I realised how bad the families had it … That’s what kept me going, coming out and campaigning.”
He established the Miscarriages of Justice Organisation (Mojo), a Glasgow-based charity dedicated to supporting the wrongfully convicted. It provides advocacy for clients in prison, aftercare and reintegration services, and dedicated psychological support offered pro-bono by a clinical psychologist.
But the demand far exceeds Mojo’s ability to help, and it may take several months for a case to be assessed. Euan McIlvride, the organisation’s legal officer, told me it typically receives “250 applications a year, and we will probably support only ten of those because the rest of them don’t meet the requirements for our support … We have finite resources.”
For Hill, keeping busy provided some relief from thinking about his ordeal.
…When you aren’t doing something, all you’re going to do is sit there and think … about things you don’t fucking want to think about. I don’t know what happens to me when I go to sleep … [My wife] hears me screaming … kicking and punching everything … I’ll be watching television and all of a sudden … BANG! It’s like a non-stop video going through your head all the time.
Chained to a radiator
The Police and Criminal Evidence Act 1984 (Pace), which came to effect in 1986, aimed to reduce miscarriages of justice by balancing the powers of the police and the public. Pace provides safeguards for suspects during questioning, puts a limit on how long suspects can be questioned for, and insists that interviews be recorded.
This makes it easier to detect when protocols have not been followed or there may have been mistreatment or intimidation.
It doesn’t prevent such wrongdoing, however.
I spoke with one man, who I am calling Mark, who was wrongfully convicted of murder in 1988. He told me there were over one hundred breaches of Pace in his case, including being handcuffed to a hot radiator, being denied food and water, and being denied a solicitor.
One of his co-accused, a vulnerable adult, had also falsely confessed to the crime. Mark lost his first appeal in 1990 but his case went to the CCRC when it was established in 1997. The CCRC brought in another police force to investigate. He said:
When I saw [their] report … I nearly fell off my chair and nearly choked on my coffee … Everything I had said all those years ago … the handcuffing to the radiators, they proved it. All the breaches of the Police and Criminal Evidence Act … that we were interviewed off the record … Making up notes and stuff like that. I couldn’t believe it. I knew we were going home.
He subsequently pursued a civil action against the police which was settled out of court, with the force insisting the settlement did not mean it was admitting liability.
Mark also suffered a marital breakdown, after he and his wife lost their baby daughter while he was on remand:
It ripped the guts out of my marriage, you know. My wife was only 17-18, same age as me … She had a husband inside and she lost a child. And you’ve got to look at the economical impact and the mental impact it had on her … She was just as much a victim as what I was.
He started taking drugs in prison: “I didn’t care if I lived or died because I had lost everything, as far as I was concerned.”
But Mark turned himself around, got off drugs and availed himself of all the education he had access to, including law and human rights, to build the strongest possible case for his appeal. With the aid of a human rights lawyer the CCRC referred his conviction in 1998, which was then quashed by the Court of Appeal in 1999. He had spent 11 years in prison as a convicted murderer.
‘The innocence test’
After his exoneration, Mark was successful in securing over £600,000 compensation for his ordeal, though he had over £37,000 deducted for “saved living expenses”. A House of Lords ruling in 2007 deemed that those receiving compensation for a miscarriage of justice can have the amount reduced to account for “savings” made while in prison – for costs such as food, housing and other bills that they would have had to pay had they not been wrongfully incarcerated.
Considering the difficulties people face accessing any financial compensation for their wrongful imprisonment, this adds further insult to injury. The rule has since been scrapped following the high-profile Malkinson case – but deductions made prior to this are not being reimbursed.
Mark was given no financial counselling or support, and he rapidly spent the money – more than he had ever had in his life – while trying to block out his pain:
By the time six months had gone, I’d spent the hundred grand [interim payment] on wine, women, drugs … ’cause I couldn’t cope with what was going on … That was my way of blotting out all the things I saw in prison.
The money also caused a rift in his family – something echoed by others I have spoken to. After the death of his mother, his family “went their own ways”.
Nowadays, only a small proportion of those exonerated will ever receive financial compensation due to the requirements of the so-called “innocence test”.
The Criminal Justice Act 1988 made it difficult for applicants to receive compensation because there had to be a newly discovered fact – not available at the time of their original trial – that they could use to make the case that they had suffered a miscarriage of justice.
The definition of what constitutes a miscarriage of justice has become more restrictive over time, meaning an applicant now must provide evidence, beyond reasonable doubt, of their innocence. In the absence of a key witness admitting to falsifying their statement or DNA evidence proving innocence, this is unlikely.
Like Hill, Mark struggled to adjust after his exoneration and release, and found support to be woefully lacking:
I had nobody to talk to, no money, no job, no house. I didn’t have any prospects. I phoned up my solicitor … I remember saying: ‘Why did you get me out?’ It was difficult to adjust … I slept with a hammer … under my pillow – I was very paranoid … All they did was give me tablets and told me to get on with my life. No counselling. Nothing. They didn’t know what to do with people like me.
Mark still suffers with post-traumatic stress disorder and depression, and has never been able to work a normal job. He continues to campaign for the wrongfully convicted and to increase awareness of miscarriages of justice. He credits this work with giving him a sense of purpose.
Jimmy Boyle – not innocent enough?
I also spoke to James Boyle, who was acquitted at retrial of historical sexual offences after he had spent five years in prison. Boyle, from Rutherglen, who likes to be known as Jimmy, has always maintained these offences never happened.
From the outset, Boyle found processes quite at odds from how we are told they are supposed to be. He said: “Things that you should have: for example, presumption of innocence – nonsense, it doesn’t exist. None of these rights exist in reality.” He claims that lines of evidence undermining the allegations against him were not investigated. Further, he encountered professionals in the criminal justice system who he says were incompetent and even “malicious” and “criminal”.
To add further insult, he was later told that he was not considered exonerated because he did not provide evidence proving his innocence (he failed the “innocence test”). As a result, the General Teaching Council for Scotland did not reinstate him and he was unable to return to his teaching career which he had found enormously fulfilling.
Like others I have spoken to, Boyle, now in his 60s, hasn’t been able to work since his release:
There was so much involved, and fighting with the Teaching Council – you know, it was full time. It really was full time when you’re dealing with these agencies … I do plenty [at Mojo] – I’ve spoken at a number of events … But I had to continue fighting my own fight.
Martin: total lack of victim support
Miscarriages of justice have a huge effect on a person’s mental health. But my research found the impact begins long before a conviction – with effects such as anxiety, trauma and depression resulting from the wrongful allegation.
Martin (not his real name) detailed the difficulties he experienced from his initial wrongful allegation of rape – including isolation, lack of advice, and a lack of appropriate mental health support. He said:
I kept [the rape allegations] to myself and it was horrific, because I didn’t know what was going to happen … Once I was charged … I went to my GP because I was severely depressed. I could barely function. [Counselling] was actually making things worse rather than better … I had looked online … There’s victim support and there’s witness support, but if you’ve been accused there is absolutely nothing.
It took over three years from the initial allegation to court proceedings, during which time two other allegations of rape and indecent assault were made and charges were brought. Martin kept the allegations from his employers and friends:
You don’t mention it because if you mention it, you’re opening the box and then that becomes a big thing – and God help how you’re going to feel at the end of that conversation.
Convicted of rape and indecent assault (the second and third charges), he was sentenced to four years in prison, but successfully appealed on the basis that the Moorov doctrine was misapplied.
Moorov is a principle of Scottish law which allows evidence of one crime to corroborate evidence of another. As the charges against him were considered to corroborate one another, having been acquitted of the key (first) charge he should have been acquitted of all. Instead, he spent about a year in prison – yet he considers himself fortunate.
The guy [Andrew Malkinson] that won his appeal the other day spent 17 years in prison. I only spent one. And although I shouldn’t have spent any, it could have been a hell of a lot worse. There are a lot of people that haven’t been able to clear their names, there are a lot of people that have spent a long time in prison. I spent one year and managed to clear my name, so I should be thankful for what little happiness I’ve managed to get out of it.
Martin was fortunate in that he’d had a good education and had taken detailed notes during his trial, which assisted his appeal. He also helped other prisoners who were struggling to complete required forms for themselves, and managed to get a job in the prison kitchen.
Since his release, he has pursued a law degree, eager to use his experience for positive change in the justice system. “I think it’s given me a new perspective really … You know what, life’s too short – let’s just get on with it.”
What needs to be done?
People wrongly accused of crimes are in dire need of support from the moment the initial allegation is made, to help them navigate the complex legal processes and challenging psychological effects of being wrongly accused.
Currently there is woefully inadequate mental health support at all stages, from initial allegation to post-release.
Of course, there are many guilty people in prison who protest their innocence – but support should not be denied to those who maintain their innocence.
Reforms are needed to make it easier for an innocent person to appeal their conviction. The CCRC has suffered a decline in funding, from £9.24 million in 2004 to £6 million in 2022. Over this period, the workload has more than doubled while the Ministry of Justice has reduced CCRC commissioners’ terms of employment from full-time salaried positions to one-day-a-week contracts, making the workload unsustainable.
People may also face significant barriers in accessing evidence that would exonerate them such as police files, without which they have little hope of a successful appeal. This was evident in the Malkinson case, where the charity Appeal accessed the police files the CCRC had refused to look at.
The lack of accountability and consequences for those who purposely harm innocent people causes further anger and distress to the wrongfully accused and convicted. Yet those affected rarely even receive an apology. This needs to change.
Finally, there needs to be greater public awareness of wrongful convictions and allegations, their causes and consequences, and an understanding of their devastating and long-term effects. As Hill told me the year before he died:
People think you come out and they give you a few quid … [then you] walk off into the sunset and live happily ever after. If only. I would love to go to bed at night like an ordinary fucking person … without waking up so angry and tense.
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This work was supported by the BA/Leverhulme Trust grant SRG1819190884. Many thanks to Dr Mandy Winterton, co-Investigator on this research, and to the Miscarriages of Justice Organisation (MOJO) for supporting us by facilitating access to clients.
Faye Skelton is affiliated with the Miscarriages of Justice Organisation having joined the Board of Directors in April 2025.
Acquisition Target Specializes in High-Precision Electrical and Mechanical Assembly, Including Printed Circuit Board Manufacturing for Commercial and Industrial Customers Across the U.S.A.
PMGC’s second pending acquisition since April, demonstrates that its M&A strategy is well underway, with additional deals expected this year.
NEWPORT BEACH, Calif., June 09, 2025 (GLOBE NEWSWIRE) — PMGC Holdings Inc. (Nasdaq: ELAB) (the “Company,” “PMGC,” “we,” or “us”), a diversified public holding company, is pleased to announce the signing of a non-binding Letter of Intent (“LOI”) to acquire a U.S.-based, cash-flow positive electronics contract manufacturing company with over 40 years of operational history.
About the Target Company
Established in the 1980s, the Target company (“Target”) is a full-service provider of high-precision electronics manufacturing and assembly services. With core capabilities, including electrical and mechanical assembly, printed circuit card assembly and functional testing, and electronic component testing, the Target serves a range of commercial and industrial clients. It also supports small-batch production and prototyping, offering both consignment and turnkey solutions.
The Target generated approximately $699,000 in revenue and $173,000 in adjusted EBITDA in 2024.
Strategic Rationale
This acquisition aligns with PMGC’s approach of acquiring US based, fundamentally strong businesses with durable cash flow and growth potential. PMGC Management believes the Target stands out for its longstanding customer relationships and strong control over its operations and manufacturing abilities.
“We are thrilled to partner with a business that embodies the precision and reliability that we believe defines American manufacturing,” said Graydon Bensler, Chief Executive Officer of PMGC Holdings Inc. “This company has built a legacy of excellence, and we believe there is a compelling opportunity to scale operations and enhance customer acquisition through strategic support and platform integration.”
Industry Tailwinds
This acquisition comes at a time of renewed national focus on revitalizing domestic manufacturing. With ongoing support from federal initiatives such as the CHIPS and Science Act, the reshoring of electronics supply chains continues to gain momentum. The U.S. electronics manufacturing services (EMS) sector is positioned for growth as industries prioritize secure, localized, and high-quality production partners. PMGC believes this transaction places the company at the intersection of that movement, offering exposure to a high-integrity operator deeply embedded in that ecosystem.
The closing of this acquisition is subject to customary conditions, including completion of due diligence, certain corporate approvals, and execution and delivery of definitive documentation. We cannot assure that closing of the acquisition will occur.
About PMGC Holdings Inc.
PMGC Holdings Inc. is a diversified holding company that manages and grows its portfolio through strategic acquisitions, investments, and development across various industries. Currently, our portfolio consists of three wholly owned subsidiaries: Northstrive Biosciences Inc., PMGC Research Inc., and PMGC Capital LLC. We are committed to exploring opportunities in multiple sectors to maximize growth and value. For more information, please visit https://www.pmgcholdings.com.
Forward-Looking Statements
Statements contained in this press release regarding matters that are not historical facts are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. Words such as “believes,” “expects,” “plans,” “potential,” “would” and “future” or similar expressions such as “look forward” are intended to identify forward-looking statements. Forward-looking statements are made as of the date of this press release and are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy, activities of regulators and future regulations and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. 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. Therefore, you should not rely on any of these forward-looking statements. These and other risks are described more fully in PMGC Holdings’ filings with the United States Securities and Exchange Commission (“SEC”), including the “Risk Factors” section of the Company’s Annual Report on Form 10-K for the year ended December 31, 2024, filed with the SEC on March 28, 2025, and its other documents subsequently filed with or furnished to the SEC. Investors and security holders are urged to read these documents free of charge on the SEC’s web site at www.sec.gov. All forward-looking statements contained in this press release speak only as of the date on which they were made. Except to the extent required by law, the Company undertakes no obligation to update such statements to reflect events that occur or circumstances that exist after the date on which they were made.
NEW YORK, June 09, 2025 (GLOBE NEWSWIRE) — Aether Holdings, Inc.(Nasdaq: ATHR) (“we,” “us,” “our,” “Aether,” or the “Company”), an emerging financial technology platform company that offers proprietary research analytics, today announced the appointment of digital media and data operations leaders Eva Hodgens and Luke Hodgens as Managing Director of Marketing and Director of Publications, respectively.
Eva and Luke are the founders of Makaira Media, an industry-recognized performance marketing firm specializing in digital media, audience growth, and first-party data strategies. Eva and Luke have been working with Aether, mostly recently on the launch of Aether’s Alpha Edge MediaTM, a platform to acquire or create and disseminate financial newsletters that provide artificial intelligence (AI)-driven insights into market sentiment through a variety of tools, reports, and strategies.
The expansion of Eva and Luke’s roles to directly represent Aether validates and accelerates Aether’s drive to collapse the gap between financial media, predictive market analytics, and fintech platform infrastructure, turning what were once separate industries into a single, learning machine aiming to deliver impactful information to investors. Eva and Luke will continue to perform their expanded services through Makaira Media, dedicating a significant portion of their time to the growth of Alpha Edge Media.
At the center of this strategy is Aether’s emerging, AI-driven financial markets data ecosystem, where content informs computation, market sentiment becomes signal, and information infrastructure learns in real-time. Aether is positioning itself to lead a new category – one where financial market intelligence is created, distributed, and refined entirely under one roof.
“We’re not here to optimize broken fintech information systems — we’re building the architecture that replaces them,” said Nicolas Lin, CEO of Aether. “For decades, media, data, and financial tools have operated separately in silos. At Aether, we’re seeking to fuse these silos into a single, intelligent platform where every piece – content, investor and market behavior, infrastructure – feeds the next. That integration is more efficient and transformative and creates the prospect of feedback loops that get smarter with scale. This is how we will win the next era of market infrastructure to empower investors and other market participants.”
“It’s been exciting working with Aether on their growth initiatives so far. Representing them in our new roles and giving them even more of our dedication demonstrates our passion for what Aether is seeking to build,” said Eva Hodgens, Aether’s new Managing Director of Marketing. “Aether’s model is about control of financial markets data, distribution of that data, and customizing AI-powered content for Aether’s customers. We’re building a marketing engine where every part of the data ecosystem is measurable, defensible and capable of scale without dependency.”
Aether’s evolving strategy centers around three connected pillars:
Media and Data (Alpha Edge Media): Aether’s owned content arm is building a portfolio of digital financial newsletters designed to allow technical and algorithmic traders to identify and interpret market data and gain actionable results – known in the industry as “signal”. Aether’s publications, including upcoming titles focused on macro trend analysis and AI-scored stock discovery, are built for data capture, model feedback, and direct monetization through owned distribution.
Investor Tools (Aether Grid): Aether’s flagship analytics platform SentimenTrader decodes market sentiment, analyzing crowd behavior, positioning shifts, and emotional extremes. It’s designed to act as a scanner and as a predictive engine that surfaces actionable insights before traditional models react.
Technology (Aether Labs): Aether’s technology aims to power both media and analytics, digesting user behavior, content engagement, and market data to personalize delivery, refine signals, and scale feedback loops across the platform.
Following its successful initial public offering in April, Aether is actively evaluating acquisitions across financial media, proprietary tools, and technology infrastructure, ranging from content networks and newsletters to analytics platforms and data intellectual property, as it seeks to strategically expands its ecosystem. The goal of these additions will be to deepen Aether’s technology stack, expand distribution channels, and accelerate the evolution of its product offerings for customers.
About Aether Holdings, Inc.
Aether Holdings, Inc. (Nasdaq: ATHR) is an emerging financial technology holding company focused on transforming the way investors navigate the capital markets. Leveraging decades of market expertise and cutting-edge technology, Aether delivers proprietary tools, data, and research to empower traders with actionable insights and enhanced decision-making capabilities.
Aether’s flagship platform, SentimenTrader.com, is designed to serve both retail and institutional investors by offering advanced sentiment analysis through the use of machine learning and artificial intelligence capabilities. With over 20 years of sentiment data integrated into its systems, Aether aims to provide its users with a powerful combination of technology and expertise, enabling them to make informed decisions to level up their trading in the markets.
Aether is committed to building an ecosystem that supports smarter, data-driven trading strategies, reinforcing its mission to empower the investing community and redefine excellence in fintech. By integrating actionable content with advanced technologies, including artificial intelligence tools with the critical thinking and analytical abilities of its team of evidence-based trading veterans, Aether aims to provide its users with a powerful combination of technology and expertise, enabling them to make informed decisions to level up their trading in the markets.
This news release and statements of Aether’s management in connection with this news release contain or may contain “forward-looking statements” within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. In this context, forward-looking statements mean statements related to future events, which may impact our expected future business and financial performance, and often contain words such as “expects”, “anticipates”, “seeks,” “intends”, “plans”, “believes”, “potential”, “will”, “should”, “could”, “would,” “goal” or “may” and other words of similar meaning. In this press release, forward-looking statements relate to the anticipated benefits to Aether of the new team members joining Aether as described herein as well as statements about Aether’s plans and strategies. These and other forward-looking statements are based on information available to us as of the date of this news release and represent management’s current views and assumptions. Forward-looking statements are not guarantees of future performance, events or results and involve significant known and unknown risks, uncertainties and other factors, which may be beyond our control. For Aether, particular risks and uncertainties that could cause our actual future results to differ materially from those expressed in our forward-looking statements include but are not limited to the following: (i) risks related to Aether’s ability to adequately market its products and services, and to develop or acquire additional products and product offerings; (ii) risks related to intense competition in the fintech and financial newsletter sector; (iii) risk related to artificial intelligence and machine learning; (iv) the inability of Aether to maintain and protect its reputation for trustworthiness and independence; (v) the inability of Aether to attract new users and subscribers and convert free users to paying subscribers; (vi) similar risks and uncertainties associated with operating a relatively small business a rapidly evolving industry. Readers are cautioned not to place undue reliance on these forward-looking statements, which apply only as of the date of this news release. These factors may not constitute all factors that could cause actual results to differ from those discussed in any forward-looking statement, and Aether therefore encourages investors to review other factors that may affect future results in its filings with the SEC, which are available for review at www.sec.gov and at https://investor.helloaether.com/#sec-filings. Accordingly, forward-looking statements should not be relied upon as a predictor of actual results. We do not undertake to update our forward-looking statements to reflect events or circumstances that may arise after the date of this news release, except as required by law.
Aether Holdings, Inc. Contact Nicolas Lin, CEO (347) 363-0886 ir@helloaether.com
New York, June 09, 2025 (GLOBE NEWSWIRE) — GraniteShares, a leading innovator in exchange-traded funds (ETFs), is pleased to announce that its YieldBOOST ETF family will update to a weekly distribution schedule. Designed with the goal of providing investors with enhanced income opportunities, the YieldBOOST suite of ETFs employs an options strategy to generate yield while offering exposure to major equities.
The following table outlines the new distribution schedule for each YieldBOOST ETF:
Ticker
Fund Name
Previous Distribution Schedule
New Distribution Schedule
TSYY
GraniteShares YieldBOOST TSLA ETF
Monthly
Weekly
TQQY
GraniteShares YieldBOOST QQQ ETF
Monthly
Weekly
YSPY
GraniteShares YieldBOOST SPY ETF
Monthly
Weekly
XBTY
GraniteShares YieldBOOST Bitcoin ETF
Monthly
Weekly
NVVY
GraniteShares YieldBOOST NVDA ETF
Monthly
Weekly
Distributions are determined based on the underlying strategy of each ETF and may vary over time. Investors are encouraged to review fund details and consult with financial professionals regarding their investment choices. Distributions are not guaranteed.
GraniteShares remains committed to delivering innovative investment solutions that aim to empower investors to optimize income generation and portfolio diversification (diversification does not limit risk). For additional details regarding the YieldBOOST ETFs, including performance, holdings, and strategy, please visit www.graniteshares.com.
About GraniteShares:
GraniteShares is a global investment firm dedicated to creating and managing ETFs. Headquartered in New York City, GraniteShares offers a diverse range of investment solutions across U.S., U.K., German, French, and Italian stock exchanges. With a focus on high-conviction investing, the firm is a market leader in leveraged single-stock ETFs and other alternative investment products. As of May 2025, GraniteShares manages $8.5 billion in assets.
Media Contact: GraniteShares Inc. Attn: Media Relations 222 Broadway, 21st Floor New York, NY 10038 844-476-8747 info@graniteshares.com
The ex-date (or ex-dividend date) for an ETF is the critical trading day on which investors who purchase shares will no longer be entitled to receive the forthcoming dividend distribution, marking the cutoff point that determines dividend eligibility for shareholders.
The record date for an ETF is the specific day, typically one business day after the ex-dividend date, when the fund company takes a snapshot of its shareholder registry to determine which investors are officially entitled to receive the upcoming dividend distribution.
The payable date for an ETF is the specific calendar day when the fund administrator actually distributes the declared dividend payments to all eligible shareholders who owned shares on the record date, completing the dividend distribution process.
Distribution per share for an ETF is the precise monetary amount paid out to investors for each share they own, representing income from dividends, interest, capital gains, or return of capital collected by the fund and subsequently distributed to shareholders according to their ownership stake.
The distribution rate for an ETF is a critical performance metric that expresses the annualized percentage return derived from all distributions (including dividends, interest, and capital gains) paid to shareholders over a specified period relative to the fund’s current market price, providing investors with a standardized measure to evaluate income-generating potential across different investment vehicles.
Disclaimer:
Performance data quoted represents past performance and is no guarantee of future results. Current performance may be lower or higher than the performance data quoted. Investment return and principal value will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than original cost. Returns less than one year are not annualized. Returns for the fund would have been lower if the management fee had not been waived. NAV prices are used to calculate market price performance prior to the date when the Fund first traded on the NASDAQ. Market performance is determined using the bid/ask midpoint at 4:00pm Eastern time, when the NAV is typically calculated. Market performance does not represent the returns you would receive if you traded shares at other times. For the fund’s most recent month end performance, please call 1(844) 476-8747, or visit graniteshares.com.
This material must be preceded or accompanied by a Prospectus. Carefully consider the Fund’s investment objectives, risk factors, charges, and expenses before investing. Please read the prospectus before investing.
Shares are bought and sold at market price (not NAV) and are not individually redeemed from the ETF. There can be no guarantee that an active trading market for ETF shares will develop or be maintained. Buying or selling ETF shares on an exchange may require the payment of brokerage commissions and frequent trading may incur costs that detract significantly from investment returns.
An investment in the Fund involves risk, including the possible loss of principal. The Fund is non-diversified and includes risks associated with the Fund concentrating its investments in a particular industry, sector, or geographic region, which can result in increased volatility. The use of derivatives such as option contracts and swaps are subject to market risks that may cause their price to fluctuate over time. Additional risks include Risk of the Underlying ETF, Derivatives Risk, Affiliate Fund Risk, Counterparty Risk, Price Participation Risk, Distribution Risk, NAV Erosion Risk, Put Writing Strategy Risk, and Option Market Liquidity Risk. These and other risks can be found in the prospectus.
This information is not an offer to sell or a solicitation of an offer to buy shares of any Funds to any person in any jurisdiction in which an offer, solicitation, purchase, or sale would be unlawful under the securities laws of such jurisdiction. Please consult your tax advisor about the tax consequences of an investment in Fund shares, including the possible application of foreign, state, and local tax laws. You could lose money by investing in the ETFs. There can be no assurance that the investment objective of the Funds will be achieved. None of the Funds should be relied upon as a complete investment program.
The ETF Funds are distributed by ALPS Distributors, Inc. GraniteShares is not affiliated with ALPS. ALPS Distributors, Inc, provides marketing services to the Exchange-Traded Grantor Trusts. The Sponsor of the Trust is GraniteShares LLC.
NEW YORK, June 09, 2025 (GLOBE NEWSWIRE) — Mizuho Americas today announced it won 2025 Global Markets Choice Awards for Best in CLOs (Collateralized Loan Obligations) and Best in Equity Research.
Launched in 2022, Mizuho Americas’ CLO team has rapidly emerged as a leading force in the CLO market. In just two years, the team recently achieved a top five ranking in broadly syndicated CLO new issue by volume and stands as a leading foreign bank in the space. The platform successfully arranged 37 deals in 2024 and another 24 in 2025 year-to-date, earning recognition from both CLO managers and investors for its consistently strong execution. Mizuho’s unique connection with clients in Japan – one of the most prominent investor regions for CLO AAA – has further distinguished the team, making this award a testament to our growing impact and innovation in the market.
“This recognition reflects the outstanding efforts of our team, whose dedication and expertise have been central to our momentum in the CLO market,” said Tom Hartnett, Head of Fixed Income Division. “Our commitment to the strategy, combined with deep connectivity between the Americas and Japan continues to set us apart and deliver exceptional value to clients across both regions.”
In addition, Mizuho Americas Equity Research was honored for advancements in its equity research. Their research expansion has been critical to the success of Mizuho’s Equity and Banking franchises.
“Winning the Markets Choice award for Best in Equity Research underscores our US and Japanese alpha-generating ideas and differentiated research for our investor and corporate clients,” said Darlene Pasquill, Head of Equity Division, Mizuho Americas. “We are grateful for the advancements Bill Featherson has made elevating our US Equity Research product this past year since joining Mizuho following his tenure leading Credit Suisse’s Equity Research team.”
The award ceremony was held last night at the Central Park Boathouse in New York City.
About Mizuho
Mizuho Financial Group, Inc. is one of the largest financial institutions in the world as measured by total assets of ~$2 trillion, according to S&P Global 2024. Mizuho’s 65,000 employees worldwide offer comprehensive financial services to clients in 36 countries and 850 offices throughout the Americas, EMEA, and Asia.
Mizuho Americas is a leading Corporate and Investment Bank (CIB) that provides a full spectrum of client-driven solutions across strategic advisory, capital markets, corporate banking, and fixed income and equities sales & trading to corporate, government, and institutional clients in the US, Canada, and Latin America. Through its acquisition of Greenhill, Mizuho enhanced its M&A, restructuring, and private capital advisory capabilities across the Americas, Europe, and Asia. Mizuho Americas employs approximately 4,000 professionals. For more information visit www.mizuhoamericas.com.Mizuho Financial Group, Inc. is the 15th largest bank in the world as measured by total assets of ~$2 trillion, according to S&P Global 2022. Mizuho’s 60,000 employees worldwide offer comprehensive financial services to clients in 36 countries and 800 offices throughout the Americas, EMEA, and Asia.
For inquiries, please contact:
Jim Gorman Executive Director, Media Relations, Mizuho Americas +1-212-282-3867 jim.gorman@mizuhogroup.com