NewzIntel.com

Category: Finance

  • MIL-OSI: XRP News: Nimanode’s $NMA Presale Demand Surges, Positions For Explosive Growth

    Source: GlobeNewswire (MIL-OSI)

    LEEDS, United Kingdom, May 30, 2025 (GLOBE NEWSWIRE) — Nimanode is the first platform of its kind to deliver a zero-code solution for launching on-chain AI agents that can perform complex blockchain tasks such as smart contract development, DeFi optimization, compliance monitoring, and Web3 user support. The platform’s no-code interface makes it accessible to both developers and non-technical users, providing drag-and-drop workflows to configure, test, and launch autonomous agents on-chain in minutes.

    Building on XRPL was the priority for them, “We’re bringing AI automation to the heart of Web3 through XRPL, and doing it with usability in mind,” said the Nimanode founding team. “Our mission is to simplify intelligent infrastructure and put real on-chain power in the hands of every user.” They chose a blockchain with speed , security and scalibilty in mind.

    Presale Page

    Designed for the XRP Ecosystem

    Built natively on XRPL, Nimanode leverages the blockchain’s speed, low fees, and scalability to enable high-frequency, low-latency AI agent execution. The platform’s agents are capable of:

    • Executing smart contracts via XRPL Hooks
    • Scanning wallets and tokens for real-time risk
    • Monitoring compliance in tokenized real-world assets (RWAs)
    • Managing liquidity and maximizing APY across XRPL protocols
    • Operating 24/7 as decentralized customer support interfaces

    $NMA Presale

    Unlocking the Agent Economy

    At the core of Nimanode is the Agent Marketplace, where users can license, share, and monetize AI agents with other users and businesses. Combined with its SDK for developers and drag-and-drop builder for creators, Nimanode is positioning itself as a hub for Web3 automation and on-chain labor.

    $NMA, the platform’s utility token, is used for:

    • Deploying and upgrading agents
    • Licensing agents via the marketplace
    • Staking to earn protocol rewards
    • Participating in decentralized governance

    $NMA Token Sale Now Live

    As part of its official launch, Nimanode has begun the presale of its native token, $NMA. A total of 90 million tokens (45% of the 200 million supply) are available during the presale.

    Participants can purchase $NMA tokens using XRP by sending funds directly from XRPL-compatible wallets (such as XAMAN) to the official Nimanode presale address listed on their Presale Page. All transactions are recorded on-chain for full transparency.

    Presale contributors will receive $NMA at an early-access rate, prior to the token’s public listing on decentralized exchanges at a projected 25% markup post-sale.

    Don’t Miss Out on Nimanode

    Nimanode is a decentralized AI agent platform built on the XRP Ledger, offering no-code and developer tools to deploy on-chain AI agents that automate blockchain activity, optimize protocol interaction, and monetize intelligent services. By bridging AI with decentralized infrastructure, Nimanode is building the next evolution of digital work and Web3 automation.

    Connect with Nimanode

    Website: https://nimanode.com

    Twitter/X: https://x.com/nimanodeai

    Telegram: https://t.me/nimanodeAI

    Documentation: https://docs.nimanode.com

    Contact:
    Nick Lambert
    contact@nimanode.com

    Disclaimer: This is a paid post and is provided by Nimanode. The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. We do not guarantee any claims, statements, or promises made in this article. This content is for informational purposes only and should not be considered financial, investment, or trading advice.Investing in crypto and mining-related opportunities involves significant risks, including the potential loss of capital. It is possible to lose all your capital. These products may not be suitable for everyone, and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. However, due to the inherently speculative nature of the blockchain sector—including cryptocurrency, NFTs, and mining—complete accuracy cannot always be guaranteed.Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release. In the event of any legal claims or charges against this article, we accept no liability or responsibility.Globenewswire does not endorse any content on this page.

    Legal Disclaimer: This media platform provides the content of this article on an “as-is” basis, without any warranties or representations of any kind, express or implied. We assume no responsibility for any inaccuracies, errors, or omissions. We do not assume any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information presented herein. Any concerns, complaints, or copyright issues related to this article should be directed to the content provider mentioned above.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/80fe44e4-8452-4862-a8e1-0fcc3adb5477

    The MIL Network –

  • MIL-OSI: Wearable Devices Receives U.S. Patent for Innovative Gesture Control, Enabling Precision Interaction with Digital Devices

    Source: GlobeNewswire (MIL-OSI)

    Yokneam Illit, Israel, May 30, 2025 (GLOBE NEWSWIRE) — Wearable Devices Ltd. (the “Company” or “Wearable Devices”) (Nasdaq: WLDS, WLDSW), a technology growth company specializing in artificial intelligence (“AI”)-powered touchless sensing wearables, recently announced that the United States Patent and Trademark Office has granted a continuation of  its patent titled “Gesture and Voice-Controlled Interface Device”, strengthening its leadership in revolutionizing intuitive human-device interactions for next-generation digital ecosystems.

    Traditional gesture sensing systems continuously track hand and finger movements but lack clear “start” and “end” points, making it difficult for devices to understand when a user truly intends to zoom, adjust volume, or manipulate an object. As a result, unintuitive solutions have been used – such as requiring the use of both hands, adding special buttons, or abandoning continuous control altogether. The same goes for voice assistants, which require a “wake word”, prompting them to wait for further instructions.

    Wearable Devices’ newly allowed patent defines a method to extract precise start and end points from continuous gestures. This breakthrough enables devices to support natural and intuitive control gestures like pinch-to-zoom not just for zooming images, but also for adjusting volume, resizing objects, or moving elements – seamlessly and touch-free.

    The technology is ideally suited for augmented reality (“AR”) headsets, gesture-controlled smart devices, and wearable controllers based on cameras, Inertial Measurement Unit (IMU), or electromyography (EMG) sensors – making mid-air fine control finally accessible and natural.

    About Wearable Devices

    Wearable Devices Ltd. (Nasdaq: WLDS, WLDSW) is a growth company pioneering human-computer interaction through its AI-powered neural input touchless technology. Leveraging proprietary sensors, software, and advanced AI algorithms, the Company’s consumer products – the Mudra Band and Mudra Link – are defining the neural input category both for wrist-worn devices and for brain-computer interfaces. These products enable touch-free, intuitive control of digital devices using gestures across multiple operating systems.

    Operating through a dual-channel model of direct-to-consumer sales and enterprise licensing and collaborations, Wearable Devices empowers consumers with stylish, functional wearables for enhanced experiences in gaming, productivity, and extended reality (“XR”). In the business sector, the Company provides enterprise partners with advanced input solutions for immersive and interactive environments, from AR/virtual reality (“VR”)/XR to smart environments.

    By setting the standard for neural input in the XR ecosystem, Wearable Devices is shaping the future of seamless, natural user experiences across some of the world’s fastest-growing tech markets. Wearable Devices’ ordinary shares and warrants trade on the Nasdaq Capital Market under the symbols “WLDS” and “WLDSW,” respectively.

    Forward-Looking Statements Disclaimer

    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, that are intended to be covered by the “safe harbor” created by those sections. Forward-looking statements, which are based on certain assumptions and describe our future plans, strategies and expectations, can generally be identified by the use of forward-looking terms such as “believe,” “expect,” “may,” “should,” “could,” “seek,” “intend,” “plan,” “goal,” “estimate,” “anticipate” or other comparable terms. For example, we are using forward-looking statements when we discuss the benefits and advantages of our products and technology, our aim to make neural input as intuitive and accessible as possible, and the potential of our touchless control technology in enabling devices to support natural and intuitive control gestures. All statements other than statements of historical facts included in this press release regarding our strategies, prospects, financial condition, operations, costs, plans and objectives are forward-looking statements. Forward-looking statements 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 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. Our actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include, among others, the following: the trading of our ordinary shares or warrants and the development of a liquid trading market; our ability to successfully market our products and services; the acceptance of our products and services by customers; our continued ability to pay operating costs and ability to meet demand for our products and services; the amount and nature of competition from other security and telecom products and services; the effects of changes in the cybersecurity and telecom markets; our ability to successfully develop new products and services; our success establishing and maintaining collaborative, strategic alliance agreements, licensing and supplier arrangements; our ability to comply with applicable regulations; and the other risks and uncertainties described in our annual report on Form 20-F for the year ended December 31, 2024, filed on March 20, 2025 and our other filings with the SEC. We undertake no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.

    Investor Relations Contact
    Michal Efraty
    IR@wearabledevices.co.il

    The MIL Network –

  • MIL-OSI Security: Waterbury Man Sentenced to More Than Five Years in Federal Prison for Role in Drug Trafficking Ring

    Source: US FBI

    David X. Sullivan, United States Attorney for the District of Connecticut, announced that TOMMY FIGUEROA, also known as “Coco,” 31, of Waterbury, was sentenced today by U.S. District Judge Michael P. Shea in Hartford to 66 months of imprisonment, followed by three years of supervised release, for his participation in a Waterbury drug trafficking ring.

    According to court documents and statements made in court, the FBI’s Waterbury Safe Streets Gang Task Force and other law enforcement agencies investigated two drug trafficking organizations based in the city of Waterbury.  One organization operated in the area of William Street and the other operated in the area of Maple Avenue.  The investigation, which included court-authorized wiretaps on multiple phones, video surveillance, GPS tracking of vehicles, and numerous controlled purchases of narcotics, revealed that the two organizations distributed cocaine, crack, and fentanyl through a network of sellers.  The organizations shared sources of supply and worked together to further their operations.

    Figueroa worked as a shift-boss for the Maple Street organization, ensuring that street-level distributors were selling narcotics, primarily crack cocaine, around the clock.  During the investigation, investigators made several controlled purchases of narcotics from Figueroa.  Investigators also determined that Figueroa had acquired two firearms for protection.

    Figueroa was arrested on related state charges on September 25, 2023, and the two firearms were seized.  While detained in state custody, he continued his involvement in narcotics trafficking through his then girlfriend, Neysa Vazquez-Ferrer.

    Seventeen individuals were charged with federal offenses as a result of the investigation. 

    On January 28, 2025, Figueroa pleaded guilty in federal court to possession of a firearm in furtherance of a drug trafficking crime.

    Vazquez-Ferrer pleaded guilty to a drug trafficking offense and, on May 22, 2025, was sentenced to 36 months of imprisonment.

    The FBI’s Waterbury Safe Streets Gang Task includes members from the FBI, the Waterbury Police Department, the Naugatuck Police Department, and the Connecticut Department of Correction.  The DEA, U.S. Marshals Service, Homeland Security Investigations (HSI), Connecticut State Police, Wolcott Police Department, and Meriden Police Department have assisted the investigation.

    This case is being prosecuted by Assistant U.S. Attorneys Natasha Freismuth and Shan Patel through the Organized Crime Drug Enforcement Task Forces (OCDETF) Program.  Additional information about the OCDETF Program can be found at https://www.justice.gov/OCDETF.

    U.S. Attorney Sullivan thanked the Waterbury State Attorney’s Office for its cooperation in the investigation and prosecution of this case.

    MIL Security OSI –

  • MIL-OSI Security: Waterbury Woman Sentenced to Three Years in Federal Prison for Role in Drug Trafficking Ring

    Source: US FBI

    David X. Sullivan, United States Attorney for the District of Connecticut, today announced that NEYSA VAZQUEZ-FERRER, 35, of Waterbury, was sentenced yesterday by U.S. District Judge Michael P. Shea in Hartford to 36 months of imprisonment, followed by three years of supervised release, for her participation in a Waterbury drug trafficking ring.

    According to court documents and statements made in court, the FBI’s Waterbury Safe Streets Gang Task Force and other law enforcement agencies investigated two drug trafficking organizations based in the city of Waterbury.  One organization operated in the area of William Street and the other operated in the area of Maple Avenue.  The investigation, which included court-authorized wiretaps on multiple phones, video surveillance, GPS tracking of vehicles, and numerous controlled purchases of narcotics, revealed that the two organizations distributed cocaine, crack, and fentanyl through a network of sellers.  The organizations shared sources of supply and worked together to further their operations.

    Vazquez-Ferrer managed a stash location for the Maple Street organization where she packaged bags of individual dose capsules of crack cocaine.  She also enlisted her two teenage daughters to package and deliver narcotics.

    Seventeen individuals were charged with federal offenses as a result of the investigation.  Vazquez-Ferrer and several codefendants were arrested on November 29, 2023.  In association with the arrests, investigators executed multiple search warrants and seized approximately 700 grams of crack cocaine, more than 900 vials (“caps”) of crack, approximately 200 grams of loose fentanyl, more than 1,600 dose bags of fentanyl/heroin, two stolen firearms, numerous rounds of ammunition, and more than $39,000 in cash.

    On January 31, 2025, Vazquez-Ferrer pleaded guilty to conspiracy to distribute and to possess with intent to distribute controlled substances.

    Vazquez-Ferrer, who is released on bond, is required to report to prison on July 11.

    The FBI’s Waterbury Safe Streets Gang Task includes members from the FBI, the Waterbury Police Department, the Naugatuck Police Department, and the Connecticut Department of Correction.  The DEA, U.S. Marshals Service, Homeland Security Investigations (HSI), Connecticut State Police, Wolcott Police Department, and Meriden Police Department have assisted the investigation.

    This case is being prosecuted by Assistant U.S. Attorneys Natasha Freismuth and Shan Patel through the Organized Crime Drug Enforcement Task Forces (OCDETF) Program.  Additional information about the OCDETF Program can be found at https://www.justice.gov/OCDETF.

    U.S. Attorney Sullivan thanked the Waterbury State Attorney’s Office for its cooperation in the investigation and prosecution of this case.

    MIL Security OSI –

  • MIL-OSI United Kingdom: Topping out at Langage Freeport site

    Source: City of Plymouth

    Foundations – Tick. Frame – Tick. Walls – Tick. Now the roof is being topped out on the first purpose-built commercial units within the Plymouth and South Devon Freeport.

    Councillor Mark Lowry – Cabinet Member for Finance
    Richard May – CEO of the Plymouth and South Devon Freeport
    Nigel Whelan – Managing Director of Devon Contractors

    Cabinet member for Finance Mark Lowry was on hand to mark this crucial milestone in the development of four units in Beaumont Way, Langage – one of three Freeport tax sites as part of the region’s continuing success story in the marine, defence, space, advanced manufacturing, engineering and clean energy sectors.

    Devon Contractors are progressing the construction of the units which range in size from 750 square metres to just over 2,000 sqm.

    The units will have workshop/production space inside with fully fitted offices at ground and first floor level (with lift access) and welfare facilities, including showers.

    Each will have its own dedicated service yard, parking and EV charging pod and the units will be highly sustainable and incorporate technology to minimise carbon emissions and running costs, including solar photo-voltaic panels, increased levels of insulation, higher levels of natural daylight and ventilation and highly efficient heating systems. The units are being designed and built to BREEAM Excellent standards and Net Zero status.

    As part of its own social values policies, the Council is always keen to consider social value measures that a contractor can apply to projects carried out on behalf of the Council and this has been achieved in spades at this Langage site.

    Seven students from Brook Green Centre recently enjoyed a site tour through the support of DUCTU (www.ductu.co.uk) and the Devon Careers Hub and had a go at bricklaying. Small groups from Plympton Academy and Tor Bridge will shortly visit and the site will soon host an event for military personnel to tour the site and discuss opportunities available in the construction industry.

    Plymouth City Council Leader Tudor Evans said: “This site is so much more than just buildings. It is about potential – not just companies interested in being part of the Plymouth and South Devon Freeport story.

    “One of our priorities as a Council is ‘green investment, jobs, skills and better education.’ I am really chuffed to hear the work Devon Contractors are doing here on this site to inspire our next generation of workers and let them see at first hand work what skilled, well-paid jobs looks like. It’s just brilliant.”

    The development has been made possible thanks to a £4 million Freeport seed capital funding, match funded by Plymouth City Council. Once complete, it is expected to support around 138 full time jobs and associated long term spin off benefits.

    Richard May CEO of the Plymouth and South Devon Freeport said; “It’s wonderful to witness the first new industrial units being built in the Freeport with many more to follow over the next few years.

    “We have several businesses keen to move in and they will help us strengthen local capability, innovation and bring on new skills in our key sectors of marine, defence, space, advanced manufacturing, engineering and clean tech.”

    Devon Contractors are on target to finish the scheme in time for units to be ready to move into by Autumn 2025.

    Nigel Whelan, Managing Director of Devon Contractors, said: “We’re making excellent progress on site at Langage and its a testament to the collaborative spirit across the board.

    “Our supply chain, consultants, suppliers and the client team have all come together as one, working seamlessly to drive the project forward. This level of co-operation is what allows us to maintain momentum and deliver with confidence. Were particularly excited to be launching our work placements schools projects next month – a great opportunity to engage the next generation and share in the future of construction.”

    The Langage Tax Site is the largest of three tax sites for the Freeport and is on the edge of the existing Langage Business Park. It is strategically significant as it provides the space and opportunities to support sector growth plans and economic specialisation, underpinning the Freeport’s trade and investment objectives.

    Eligible businesses that are part of the Freeport can take advantage of a range of tax and customs benefits and incentives to support growth, innovation and investment in the South West, including business rates relief, employer National Insurance contributions rate relief, stamp duty land tax relief, capital allowances, VAT and tariff benefits and simplified import procedures.

    As this site is part of the Freeport designated tax site, eligible tenants must specialise in either marine, defence, space, advanced manufacturing, engineering or clean energy.

    Interested parties should contact [email protected] or for information about the Freeport contact [email protected]

    www.plymouth.gov.uk/langage-south-beaumont-way

    MIL OSI United Kingdom –

  • MIL-OSI: SHARC Energy Announces Q1 2025 Financial Results

    Source: GlobeNewswire (MIL-OSI)

    VANCOUVER, British Columbia, May 30, 2025 (GLOBE NEWSWIRE) — SHARC International Systems Inc. (CSE: SHRC) (FSE: IWIA) (OTCQB: INTWF) (“SHARC Energy” or the “Company”) is pleased to announce it has filed financial results for the three months ended March 31, 2025. All figures are in Canadian Dollars and in accordance with IFRS unless otherwise stated.

    First Quarter Financial Highlights:

    • Revenue for the three months ended March 31, 2025 (“Q1 2025”) is $1.01 million (M), representing 47% of the full year revenue in 2024 and a 30% increase over the $0.78M of revenue reported in the three months ended March 31, 2024 (“Q1 2024”).
    • As of May 30, 2025, the Company has a Sales Pipeline1 of 16.5M and Sales Order Backlog2of $3.5M. This represents a $0.5M increase or 18% growth in Sales Order Backlog since April 29, 2025 disclosure. Sales Pipeline saw a marginal decrease of 1% since April 29, 2025 disclosure reflecting the deliberate efforts by the Company to refill the pipeline once projects convert to the order book. The combined pipeline showed an aggregate growth of 1% or $0.3M from the previous disclosure on April 29, 2025. The $3.5M Sales Order Backlog, which is estimated to be converted to revenue within an average of 12 months from disclosure, represents a 64% improvement compared to the year ended December 31, 2024 revenue of $2.17M. The Company continues to observe the maturity of its Sales Pipeline providing the Company’s revenue more consistency and with reduced volatility, providing a solid platform to scale and grow.
    • During Q1 2025, the Company also reported a loss of $0.92M and an Adjusted EBITDA3 loss of $0.61M. This compares to a loss of $0.76M and an Adjusted EBITDA loss of $0.85M in the comparative quarter representing a 20% and 22% increase, respectively.
    • Gross margins for Q1 2025 were 31% compared to 38% in Q1 2024. Management remains optimistic that this margin range aligns with our expectations for the coming quarters but the margin percentage varies dependent on sales mix and stage of completion of each project.

    Michael Albertson, Chief Executive Officer and President of SHARC Energy, said, “We are off to a strong start to the 2025 fiscal year with the Company reporting revenue of just over $1 million which represents a 30% increase over Q1 2024 and 47% of the full year revenue earned in the 2024 fiscal year. More importantly, despite the delivery of revenue, Sales Order Backlog increased by 18% and represents a 64% improvement over 2024 revenue sitting at $3.5 million as of the reporting date. SHARC Energy’s revenue growth continues to gain momentum.”

    Mr. Albertson continues, “We recently disclosed key District Energy System (“DES”) projects, Lebreton Flats in Ottawa and Senakw in Vancouver, which are leveraging SHARC Wastewater Energy Transfer (WET) systems as the core component to power their thermal networks harnessing wastewater as the key renewable resource. WET supported solutions continue to grow in awareness and acceptance with the Company learning of projects in planning across North America and globally. In the Greater Vancouver, British Columbia region alone, there are several municipal or utility supported DES/Thermal Energy Networks (“TENs”) ranging in size and scale in different stages of development that will increase SHARC Energy’s local footprint over the next few years. In the United States, legislation allowing or mandating utilities to develop DES/TENs demonstration projects or pilots have been passed in eight states, including the State of New York and recently added California, where the Company has installations in progress, projects in design and a growing list of leads looking to implement Wastewater Energy Transfer with DES/TENs.”

    “We are continuing to progress into new sectors for the SHARC and PIRANHA with promising opportunities developing within wastewater treatment facilities, universities, water utilities, correctional facilities and the design & build/energy sectors. These sectors are increasingly receptive to SHARC Energy’s offerings which is promising as these sectors can provide fewer regulatory hurdles, long-term customer relationships, shorter sales cycles, and the potential for larger-scale projects. The Company anticipates the closing of new business in these adjacent sectors as early as this year.”

    “Furthermore, SHARC Energy is gearing up to launch new products in its portfolio which will be introduced to the market soon. With the support of original equipment manufacturer relationships SHARC Energy has, we feel there is significant opportunity to better serve more customers and increase our revenue and margin dollars earned going forward. SHARC Energy’s tailwinds are strong and set to propel the Company to profitability in the coming years. We are very excited about our position in the thermal energy market.” stated Mr. Albertson.

    Q1 2025 Highlights and Subsequent Events

    • Fred Andriano appointed as Chairman of the Board of Directors. On May 5, 2025, the Company announced significant changes to its Board of Directors, appointing Fred Andriano as Chairman of the Board and Executive Officer, replacing Lynn Mueller, who will now serve as Vice Chairman and Executive Officer. Furthermore, the Company accepted the retirement and resignation of Eleanor Chiu as Director.
    • False Creek Neighbourhood Energy Utility (“NEU”) Expansion. The Company continued work on the supply and maintenance agreement with the City of Vancouver for the provision and maintenance of five SHARC systems for the False Creek NEU Expansion. During the period, the Company completed all remaining milestones of the agreement.
    • SHARC System Featured in Ottawa’s Lebreton Flats District Energy Project. The Company announced that two SHARC 880 Wastewater Energy Transfer (“WET”) systems will be used to power a district energy system in Canada’s capital city. SHARC Energy anticipates commencing submittals for the SHARC WET Systems in 2025 with equipment build and delivery expected during 2026.

    For complete financial information for the three months ended March 31, 2025, please see the Condensed Consolidated Interim Financial Statements and Management Discussion and Analysis (“MD&A”) filed on SEDAR at www.sedar.com.

    About SHARC Energy

    SHARC International Systems Inc. is a world leader in energy recovery from the wastewater we send down the drain every day. SHARC Energy’s systems recycle thermal energy from wastewater, generating one of the most energy-efficient and economical systems for heating, cooling & hot water production for commercial, residential, and industrial buildings along with thermal energy networks, commonly referred to as “District Energy”.

    SHARC Energy is publicly traded in Canada (CSE: SHRC), the United States (OTCQB: INTWF) and Germany (Frankfurt: IWIA) and you can find out more on our SEDAR profile.

    Learn more about SHARC Energy: Website | Investor Page | LinkedIn | YouTube | PIRANHA | SHARC

    ON BEHALF OF THE BOARD

    Fred Andriano
    Chairman

    The Canadian Securities Exchange does not accept responsibility for the adequacy or accuracy of this release.

    Forward-Looking Statements 

    Certain statements contained in this news release may constitute forward-looking information. Forward-looking information is often, but not always, identified using words such as “anticipate”, “plan”, “estimate”, “expect”, “may”, “will”, “intend”, “should”, and similar expressions. Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking information. SHARC Energy’s actual results could differ materially from those anticipated in this forward-looking information because of regulatory decisions, competitive factors in the industries in which the Company operates, prevailing economic conditions, and other factors, many of which are beyond the control of the Company. SHARC Energy believes that the expectations reflected in the forward-looking information are reasonable, but no assurance can be given that these expectations will prove to be correct and such forward-looking information should not be unduly relied upon. Any forward-looking information contained in this news release represents the Company’s expectations as of the date hereof and is subject to change after such date. The Company disclaims any intention or obligation to update or revise any forward-looking information whether because of new information, future events or otherwise, except as required by applicable securities legislation. 

    1 Sales Pipeline is a non-IFRS measure. Please see discussion of Alternative Performance Measures and Non-IFRS Measures in the Q1 2025 MD&A.
    2 Sales Order Backlog is a non-IFRS measure. Please see discussion of Alternative Performance Measures and Non-IFRS Measures in the Q1 2025 MD&A.
    3 Adjusted EBITDA is a non-IFRS measure. Please see discussion of Alternative Performance Measures and Non-IFRS Measures in the Q1 2025 MD&A.

    The MIL Network –

  • MIL-OSI: Upexi to Present at the iAccess Alpha Virtual Best Ideas Summer Investment Conference on June 24-25

    Source: GlobeNewswire (MIL-OSI)

    TAMPA, Fla., May 30, 2025 (GLOBE NEWSWIRE) — Upexi, Inc. (NASDAQ: UPXI) (the “Company” or “Upexi”), a brand owner specializing in the development, manufacturing, and distribution of consumer products with diversification into the cryptocurrency space, today announced that management will present at the iAccess Alpha Virtual Best Ideas Summer Investment Conference 2025 on June 24 and 25, 2025.

    iAccess Alpha Virtual Conference Details:
    Date: June 24-25, 2025
    Presentation Date and Time: Tuesday, June 24th at 12:30 p.m. ET
    Webcast: https://ir.upexi.com/news-events/ir-calendar

    To schedule a one-on-one meeting with Upexi, please contact KCSA Strategic Communications at Upexi@KCSA.com.

    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.

    Follow Upexi on X – https://twitter.com/upexitreasury
    Follow CEO, Allan Marshall, on X – https://x.com/marshall_a22015
    Follow CSO, Brian Rudick, on X – https://x.com/thetinyant

    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

    The MIL Network –

  • MIL-OSI: Bitcoin Depot Eliminates Up-C Corporate Structure

    Source: GlobeNewswire (MIL-OSI)

    ATLANTA, May 30, 2025 (GLOBE NEWSWIRE) — Bitcoin Depot Inc. (Nasdaq: BTM) (“Bitcoin Depot” or the “Company”), a U.S.-based Bitcoin ATM operator and leading fintech company, announced it has simplified its organizational and capital structure by eliminating its Up-C Restructuring (the “Up-C Restructuring”).

    Pursuant to the Up-C Restructuring, BT Assets, Inc., an entity controlled by the Company’s Founder and CEO, Brandon Mintz, that held Common Units in BT HoldCo LLC and shares of the Company’s Class V Common Stock has merged with a subsidiary of the Company and received 41,193,024 shares of the Company’s Class M common stock, which will continue to carry 10 votes per share, as consideration in the merger.

    In connection with the Up-C Restructuring, all of the shares of the Company’s Class V Common Stock held by BT Assets have been transferred to the Company and cancelled. After giving effect to the Up-C Restructuring, Mintz holds a total of 41,193,024 shares of the Company’s Class M Common Stock and 142,973 shares of the Company’s Class A Common Stock.

    Post-transaction, Bitcoin Depot now wholly-owns its principal operating subsidiaries. The Company believes the simpler structure will offer benefits like better stock liquidity, easier use of stock for acquisitions, and a clearer corporate profile.

    In addition, the Up-C Restructuring extinguishes the $2.2 million Tax Receivable Agreement liability and will lead to further long-term savings, as the Company estimates its cash tax rate will be reduced by an estimated 12 percentage points. Other professional services costs associated with tax, accounting and legal will also be reduced by this simpler structure.

    About Bitcoin Depot

    Bitcoin Depot Inc. (Nasdaq: BTM) was founded in 2016 with the mission to connect those who prefer to use cash to the broader, digital financial system. Bitcoin Depot provides its users with simple, efficient and intuitive means of converting cash into Bitcoin, which users can deploy in the payments, spending and investing space. Users can convert cash to bitcoin at Bitcoin Depot kiosks in 48 states and at thousands of name-brand retail locations in 29 states through its BDCheckout product. The Company has the largest market share in North America with over 8,400 kiosk locations as of February 25, 2025.  Learn more at www.bitcoindepot.com. 

    Cautionary Statement Regarding Forward-Looking Statements

    This press release and any oral statements made in connection herewith include “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Exchange Act of 1934, as amended. Forward-looking statements are any statements other than statements of historical fact, and include, but are not limited to, statements regarding the expectations of plans, business strategies, objectives and growth and anticipated financial and operational performance, including our growth strategy and ability to increase deployment of our products and services, our ability to strengthen our financial profile, and worldwide growth in the adoption and use of cryptocurrencies. These forward-looking statements are based on management’s current beliefs, based on currently available information, as to the outcome and timing of future events. Forward-looking statements are often identified by words such as “anticipate,” “appears,” “approximately,” “believe,” “continue,” “could,” “designed,” “effect,” “estimate,” “evaluate,” “expect,” “forecast,” “goal,” “initiative,” “intend,” “may,” “objective,” “outlook,“ ”plan,“ ”potential,“ ”priorities,“ ”project,“ ”pursue,“ ”seek,“ ”should,“ ”target,“ ”when,“ ”will,“ ”would,” or the negative of any of those words or similar expressions that predict or indicate future events or trends or that are not statements of historical matters, although not all forward-looking statements contain such identifying words. In making these statements, we rely upon assumptions and analysis based on our experience and perception of historical trends, current conditions, and expected future developments, as well as other factors we consider appropriate under the circumstances. We believe these judgments are reasonable, but these statements are not guarantees of any future events or financial results. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied on by any investor as, a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. Many actual events and circumstances are beyond our control.

    These forward-looking statements are subject to a number of risks and uncertainties, including changes in domestic and foreign business, market, financial, political and legal conditions; failure to realize the anticipated benefits of the business combination; risks relating to the uncertainty of our projected financial information; future global, regional or local economic and market conditions; the development, effects and enforcement of laws and regulations; our ability to manage future growth; our ability to develop new products and services, bring them to market in a timely manner and make enhancements to our platform; the effects of competition on our future business; our ability to issue equity or equity-linked securities; the outcome of any potential litigation, government and regulatory proceedings, investigations and inquiries; and those factors described or referenced in filings with the Securities and Exchange Commission. If any of these risks materialize or our assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. There may be additional risks that we do not presently know or that we currently believe are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. In addition, forward-looking statements reflect our expectations, plans or forecasts of future events and views as of the date of this press release. We anticipate that subsequent events and developments will cause our assessments to change.

    We caution readers not to place undue reliance on forward-looking statements. Forward-looking statements speak only as of the date they are made, and we undertake no obligation to update publicly or otherwise revise any forward-looking statements, whether as a result of new information, future events, or other factors that affect the subject of these statements, except where we are expressly required to do so by law. All written and oral forward-looking statements attributable to us are expressly qualified in their entirety by this cautionary statement.

    Contacts:

    Investors 
    Cody Slach,
    Gateway Group, Inc. 
    949-574-3860 
    BTM@gateway-grp.com

    Media 
    Brenlyn Motlagh, Ryan Deloney 
    Gateway Group, Inc.
    949-574-3860 
    BTM@gateway-grp.com

    The MIL Network –

  • MIL-OSI: NIRI Philadelphia Elects 2025 – 2026 Board Members

    Source: GlobeNewswire (MIL-OSI)

    PHILADELPHIA, May 30, 2025 (GLOBE NEWSWIRE) — The Philadelphia Chapter of NIRI: The Association for Investor Relations is pleased to announce that its members have elected nine investor relations leaders to serve on the Board of Directors for the 2025–2026 term.

    “I’m proud of the accomplishments and strong connections we’ve built together as a chapter,” said Nahla A. Azmy, NIRI Philadelphia Board President. “It’s an honor to continue serving in this role alongside such an esteemed group of returning board members. I look forward to building on our momentum and creating even more opportunities for learning, leadership, and community in the year ahead.”

    The 2025 -2026 NIRI Philadelphia Board of Directors include:

    President
    Nahla Azmy, Investor Relations & Financial Communications Leader

    Executive Vice President
    Andrew Bjorkman, Director – Regional Head, Mid-Atlantic & Northwest at NYSE

    Vice President, Treasurer
    Joe Shiffler, Director, Investor Relations at Power Integrations

    Vice President, Programs
    Michael Wherley, Vice President, Investor Relations at Nouryon

    Vice President, Marketing & Communications
    Gene Cleary, Vice President, Investor Relations, M&A and External Reporting at Aramark

    Vice President, Technology
    Alex Whitelam, Vice President, Investor Relations at Dorman Products

    Vice President, Membership
    Curt Brooks, Director, Investor Relations at FMC Corp.

    Co-Vice President, Sponsorships
    Lisa Caperelli, Investor Relations & Corporate Communications Professional at CAP Strategies, LLC
    Rebecca Gardy, Senior Vice President, Chief Investor Relations Officer at The Campbell’s Company

    About the NIRI Philadelphia Chapter
    NIRI Philadelphia, formed in 1971, is a professional association of investor relations officers, communicators, consultants and providers serving organizations in the Greater Philadelphia area. NIRI Philadelphia includes members from a variety of industries and market cap sizes who are responsible for communications between their organizations, the investing public, and the financial community. NIRI Philadelphia’s goal is to provide its members the resources needed to be strategic leaders in their organizations.

    About NIRI: The Association for Investor Relations 
    Founded in 1969, NIRI is the professional association of corporate officers and investor relations consultants responsible for communication among corporate management, shareholders, securities analysts, and other financial community constituents. NIRI is the largest professional investor relations association in the world with members representing over 1,500 publicly held companies and $12 trillion in stock market capitalization.

    Contact: President@niriphiladelphia.org

    The MIL Network –

  • MIL-OSI: PrairieSky Receives TSX Approval for Renewed Normal Course Issuer Bid

    Source: GlobeNewswire (MIL-OSI)

    CALGARY, Alberta, May 30, 2025 (GLOBE NEWSWIRE) — PrairieSky Royalty Ltd. (“PrairieSky” or the “Company“) (TSX: PSK) is pleased to announce that the Toronto Stock Exchange (the “TSX“) has accepted the notice of PrairieSky’s intention to commence a normal course issuer bid (the “NCIB“).

    On April 14, 2025, PrairieSky announced its intention to seek TSX approval to renew its NCIB for an additional one-year period. The NCIB allows the Company to purchase up to 15,355,946 common shares which represents approximately 6.5% of the common shares outstanding, being 235,536,040 as of May 21, 2025, and 10% of the public float of 153,559,462 common shares which is defined as the common shares outstanding after excluding common shares beneficially owned by directors and executive officers of PrairieSky and persons who beneficially own or exercise control or direction over more than 10% of the issued and outstanding common shares of PrairieSky. The NCIB will commence on June 4, 2025 and will expire no later than June 3, 2026.

    Under the NCIB, common shares may be repurchased in open market transactions on the TSX, and/or other Canadian alternative trading systems. In accordance with the rules of the TSX governing normal course issuer bids, the total number of common shares the Company is permitted to purchase is subject to a daily purchase limit of 99,954 common shares, representing 25% of the average daily trading volume of common shares on the TSX calculated for the six-month period ended April 30, 2025, being approximately 399,818 common shares. However, the Company may make one block purchase per calendar week which exceeds the daily repurchase restriction. Any common shares that are purchased under the NCIB will be cancelled by PrairieSky.

    The Company believes that from time to time the market price of the common shares may not reflect their underlying value. The purchase of common shares will increase the proportion of interest of, and be advantageous to, all remaining shareholders. In addition, any purchases by the Company will afford increased liquidity to those shareholders of the Company who may wish to dispose of their common shares.

    PrairieSky has entered into an automatic share purchase plan with its broker, CIBC Capital Markets, in order to facilitate purchases of its common shares. The automatic purchase plan allows for purchases by the Company of its common shares at any time, including, without limitation, when the Company would ordinarily not be permitted to make purchases due to regulatory restriction or self-imposed blackout periods. Purchases will be made by PrairieSky’s broker based upon the parameters prescribed by the TSX and the terms of the parties’ written agreement.

    PrairieSky currently intends to purchase up to a maximum of 15,355,946 common shares to effect NCIB purchases over the next 12 months. PrairieSky purchased 3,415,900 common shares under its current normal course issuer bid which authorized the purchase for cancellation of up to 5,000,000 common shares and commenced on June 4, 2024 and runs to June 3, 2025. Since instituting the normal course issuer bid in 2016 to March 31, 2025, PrairieSky has purchased and cancelled an aggregate of 20.1 million common shares at a weighted average price per share of $16.74.

    FORWARD-LOOKING STATEMENTS

    This press release contains certain forward-looking statements. The use of any of the words “expect”, “anticipate”, “may”, “will”, “should”, “believe”, “intends”, and similar expressions are intended to identify forward-looking statements. Forward-looking statements contained in this press release include our expectations with respect the number of common shares under NCIB purchases to be effected over the next 12 months.

    With respect to forward-looking statements contained in this press release, we have made several assumptions including that the common shares will from time-to-time trade below their value, that the Company will complete purchases of common shares pursuant to the NCIB and those described in detail in our Management Discussion & Analysis and the Annual Information Form for the period ended December 31, 2024. Readers and investors are cautioned that the assumptions used in the preparation of such forward-looking statements, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. Our actual results, performance, or achievements could differ materially from those expressed in, or implied by, these forward-looking statements. We can give no assurance that any of the events anticipated will transpire or occur, or if any of them do, what benefits we will derive from them.

    By their nature, forward-looking statements are subject to numerous risks and uncertainties, some of which are beyond our control, including the market price of the common shares being too high to ensure that purchases benefit the Company and its shareholders, impact of general economic conditions, industry conditions, volatility of commodity prices, stock market volatility and failure to execute purchases under the NCIB. The foregoing and other risks are described in more detail in PrairieSky’s Management Discussion & Analysis and the Annual Information Form for the period ended December 31, 2024 under the headings “Risk Management” and “Risk Factors”, respectively, each of which is available at www.sedarplus.com.

    Further, any forward-looking statement is made only as of the date of this press release, and PrairieSky undertakes no obligation to update or revise any forward-looking statement or statements to reflect events or circumstances after the date on which such statement is made or to reflect the occurrence of unanticipated events, except as required by applicable securities laws. New factors emerge from time to time, and it is not possible for PrairieSky to predict all of these factors or to assess in advance the impact of each such factors on PrairieSky’s business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements.

    The forward-looking statements contained in this press release are expressly qualified by this cautionary statement.

    ABOUT PRAIRIESKY ROYALTY LTD.

    PrairieSky is a royalty-focused company, generating royalty revenues as petroleum and natural gas are produced from its properties. PrairieSky has a diverse portfolio of properties that have a long history of generating funds from operations and that represent the largest and most concentrated independently-owned fee simple mineral title position in Canada. PrairieSky’s common shares trade on the Toronto Stock Exchange under the symbol PSK.

    FOR FURTHER INFORMATION PLEASE CONTACT:

    PrairieSky Royalty Ltd.

    Investor Relations
    (587) 293-4000

    www.prairiesky.com

    PDF available: http://ml.globenewswire.com/Resource/Download/6d0e44ba-aa7a-422f-b79d-9d3722a29243

    The MIL Network –

  • MIL-OSI: Australian Oilseeds Announces Third Quarter Fiscal 2025 Financial Results

    Source: GlobeNewswire (MIL-OSI)

    COOTAMUNDRA, Australia, May 30, 2025 (GLOBE NEWSWIRE) — Australian Oilseeds Holdings Limited (the “Company”) (NASDAQ: COOT), a manufacturer and seller of sustainable edible oils to customers globally, today announced financial results for its third quarter fiscal 2025 ended March 31, 2025.

    Third Quarter Fiscal 2025 Financial Highlights Compared to Prior Year

    • Sales revenue increased 49.8% to A$9.4 million driven by broad-based growth across retail, wholesale and high protein meal categories.
    • Retail oil revenue increased 69.4% to A$4.7 million reflecting expanded distribution at several leading retailers in Australia along with the addition of new SKUs.
    • Net loss of A$0.6 million compared to net income of A$41 thousand, reflecting changes to sales mix, planned investments in brand and marketing, as well as higher professional fees, insurance and employee costs.

    “We were pleased to deliver strong year-over-year growth in the third quarter, led by our retail category where our expanded distribution network and broader product lineup drove results,” said Gary Seaton, Chief Executive Officer. “We also saw robust demand across customers and channels, validating our commitment to premium quality. We remain steadfast in our commitment to eliminating chemicals from the edible oil production and manufacturing systems and continue to believe we are well positioned for significant growth and improving returns over the long term.”

    About Australian Oilseeds Holdings Limited. Australian Oilseeds Holdings Limited, a Cayman Islands exempted company (the “Company”) (NASDAQ: COOT) through its subsidiaries, including Australian Oilseeds Investments Pty Ltd., an Australian proprietary company, is focused on the manufacture and sale of sustainable oilseeds (e.g., seeds grown primarily for the production of edible oils) and is committed to working with all suppliers in the food supply chain to eliminate chemicals from the production and manufacturing systems to supply quality products to customers globally. The Company engages in the business of processing, manufacture and sale of non-GMO oilseeds and organic and non-organic food-grade oils, for the rapidly growing oilseeds market, through sourcing materials from suppliers focused on reducing the use of chemicals in consumables in order to supply healthier food ingredients, vegetable oils, proteins and other products to customers globally. Over the past 20 years, the Company’s cold pressing oil plant has grown to become the largest in Australia, pressing strictly GMO-free conventional and organic oilseeds.

    Forward-Looking Statements: This press release contains “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995, including but not limited to, statements regarding our financial outlook, business strategy and plans, market trends and market size, opportunities and positioning. These forward-looking statements are based on current expectations, estimates, forecasts and projections. Words such as “expect,” “anticipate,” “should,” “believe,” “hope,” “target,” “project,” “goals,” “estimate,” “potential,” “predict,” “may,” “will,” “might,” “could,” “intend,” “shall” and variations of these terms and similar expressions are intended to identify these forward-looking statements, although not all forward-looking statements contain these identifying words. Forward-looking statements are subject to a number of risks and uncertainties, many of which involve factors or circumstances that are beyond our control. For example, global economic conditions could in the future reduce demand for our products; we could in the future experience cybersecurity incidents; we may be unable to manage or sustain the level of growth that our business has experienced in prior periods; our financial resources may not be sufficient to maintain or improve our competitive position; we may be unable to attract new customers, or retain or sell additional products to existing customers; we may experience challenges successfully expanding our marketing and sales capabilities, including further specializing our sales force; customer growth could decelerate in the future; we may not achieve expected synergies and efficiencies of operations from recent acquisitions or business combinations, and we may not be able to pay off our convertible notes when due. Further information on potential factors that could affect our financial results is included in our most recent Annual Report on Form 10-K for June 30, 2024 and our other filings with the Securities and Exchange Commission. The forward-looking statements included in this press release represent our views only as of the date of this press release and we assume no obligation and do not intend to update these forward-looking statements.

    Contact
    Australian Oilseeds Holdings Limited
    126-142 Cowcumbla Street
    Cootamundra New South Wales 2590
    Attn: Amarjeet Singh, CFO
    Email: amarjeet.s@energreennutrition.com.au

    Investor Relations Contact
    Reed Anderson
    (646) 277-1260
    reed.anderson@icrinc.com 

    The MIL Network –

  • MIL-OSI: NowVertical Secures Up to $26 Million USD in Financing with HSBC to Fuel Growth

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, May 30, 2025 (GLOBE NEWSWIRE) — NowVertical Group Inc. (TSXV: NOW) (“NowVertical” or the “Company“), a leading data and AI solutions provider, announced that NowVertical, NowVertical UK Ltd. and NowVertical Group, Inc. and certain of their affiliates have entered into a senior secured facilities agreement (the “Facilities Agreement”) with HSBC UK Bank plc (“HSBC”), as arranger, original lender and agent. Unless otherwise specified, all dollar amounts are expressed in U.S. dollars.

    Pursuant to the Facilities Agreement, NowVertical UK Ltd. and NowVertical Group, Inc., as borrowers, have access to credit facilities of up to $18 million (together, the “Facilities”) which may be increased by up to an additional $8 million upon the approval of HSBC, for total credit of up to $26 million.

    “This Financing Agreement is truly transformational for NowVertical,” said Sandeep Mendiratta, CEO of NowVertical. “It simplifies our capital structure by consolidating debt previously spread across multiple lenders into a single, long-term facility with significantly improved terms. This provides immediate access to capital to fuel our organic growth under the ‘One Brand, One Business’ strategy, while also positioning us to pursue targeted, strategic acquisitions. Importantly, the Facilities give us the flexibility to renegotiate or fully retire our existing convertible loan, materially reducing our cost of capital and preserving our cash position. Combined with a shift from short-term to long-term debt, this strengthens our balance sheet and allows us to operate with greater agility. HSBC’s support reflects the institutional confidence we’ve unlocked by evolving into a single, integrated business—providing enhanced capital access and a stronger foundation for scalable, strategic growth.”

    “We are pleased to support NowVertical’s next phase of growth,” said Chris Winter, Senior Corporate Relationship Director at HSBC. “This partnership underscores our confidence in NowVertical’s vision and growth strategy.”

    Pursuant to the Facilities Agreement, the borrowers have access to the Facilities, a portion of which will be used to repay existing debt, with the remainder available for general working capital purposes and acquisitions. The Facilities consist of: (i) a $6 million term loan, amortizing equally over 5 years and maturing on the fifth anniversary of the Facilities Agreement; and (ii) a $12 million revolving credit facility with an initial 3-year term, which may be extended for up to an additional 24 months. In addition, amounts available under the revolving credit facility may be increased to $20 million upon the exercise of an accordion option and certain ancillary facilities, subject to HSBC’s consent.

    Amounts drawn under the Facilities shall bear interest at a competitive interest rate ranging from 2.25% per annum to 3.75% per annum in respect of the term loan and 1.75% per annum to 3.25% per annum in respect of the revolving credit facility, in each case above the SOFR floating rate, with rates increasing or decreasing based on NowVertical’s net leverage position. In addition, NowVertical is obligated to pay a commitment fee in respect of undrawn amounts available under the revolving credit facility. The initial blended interest rate on the Facilities is approximately 7.25%.

    In connection with entering into the Facilities Agreement, NowVertical will use amounts available under the Facilities to prepay certain existing term debt, including obligations to TD Bank and Export Development Canada. The obligations of the borrowers under the Facilities have been guaranteed by NowVertical and certain of NowVertical’s subsidiaries, including NowVertical UK Limited, NowVertical UK Holdings Limited, Acrotrend Solutions Limited, NowVertical Group, Inc., and Resonant Analytics, LLC (collectively, the “Guarantors”), and security granted by the Company and the Guarantors, including: (i) a pledge of all of the issued and outstanding shares of each of the material Guarantors; and (ii) a security interest in substantially all of the assets of the Company and certain of the Guarantors.

    Concurrently with the execution of the Facilities Agreement, NowVertical entered into a subordination agreement with HSBC and TSX Trust Company (“TSX Trust”), in its capacity as trustee under the debenture indenture dated as of October 5, 2022, pursuant to which TSX Trust confirmed the subordination of the amounts owing to the holders of senior unsecured convertible debentures to obligations of NowVertical under the Facilities Agreement.

    NowVertical is pleased to have worked with Fort Capital Partners as its advisor on this transaction.

    About NowVertical Group Inc.
    NowVertical is a global data and analytics company which helps clients transform data into tangible business value with AI, fast. Offering a comprehensive suite of solutions and services, the Company enables clients to quickly harness the full potential of their data, driving measurable outcomes and accelerating potential return on investment. Enterprises optimize decision-making, improve operational efficiency, and unlock long-term value from their data using the Company’s AI-Infused first party and third-party technologies. NowVertical is growing organically and through strategic acquisitions.

    For further details about NowVertical, please visit www.nowvertical.com.

    Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

    For further information, please contact:

    Andre Garber, CDO 
     IR@nowvertical.com 

    Investor Relations: Bristol Capital Ltd.
    Stefan Eftychiou
     stefan@bristolir.com
    +1(905)326-1888 x60 

    Forward-Looking Statements

    This news release contains forward-looking information and forward-looking information within the meaning of applicable Canadian securities laws (together “forward-looking statements“), including, with respect to the availability of funds under the Facilities, the ability of NowVertical to utilize funds under the Facilities, the effect of the Facilities on NowVertical’s operations contemplated in this press release on NowVertical’s business, finances and operations. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by management, are inherently subject to significant business, economic and competitive uncertainties, and contingencies, certain of which are unknown. Forward-looking statements generally can be identified by the use of forward-looking words such as “may”, “should”, “will”, “could”, “intend”, “estimate”, “plan”, “anticipate”, “expect”, “believe” or “continue”, or the negative thereof or similar variations. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause future results, performance, or achievements to be materially different from the estimated future results, performance or achievements expressed or implied by the forward-looking statements and the forward-looking statements are not guarantees of future performance. Forward-looking statements are qualified in their entirety by inherent risks and uncertainties, including: adverse market conditions; risks inherent in the data analytics and artificial intelligence sectors in general; regulatory and legislative changes; that future results may vary from historical results; inability to service the Company’s debt; any inability to realize the expected benefits and synergies of acquisitions or dispositions; that market competition may affect the business, results and financial condition of the Company and other risk factors identified in documents filed by the Company under its profile at www.sedarplus.com, including the Company’s management’s discussion and analysis for the year ended December 31, 2024. Further, these forward-looking statements are made as of the date of this news release and, except as expressly required by applicable law, the Company assumes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

    The MIL Network –

  • MIL-OSI: Australian Oilseeds Holdings Limited Announces Conversion of Existing A$5 Million of Debt to Equity, Strengthening Balance Sheet Moving Forward

    Source: GlobeNewswire (MIL-OSI)

    COOTAMUNDRA, Australia, May 30, 2025 (GLOBE NEWSWIRE) — Australian Oilseeds Holdings Limited (the “Company”) (NASDAQ: COOT), a manufacturer and seller of sustainable edible oils to customers globally, today announced a A$5 million debt-to-equity conversion (the “Conversion”).

    In connection with the conversion, JSKS Enterprises Pty Ltd., (“JSKS”), an entity controlled by Gary Seaton, Chief Executive Officer and a member of the Company’s Board of Directors, converted approximately A$5 million of its outstanding loan into 4,452,479 shares of Company’s ordinary shares, $0.0001 par value per share (“Ordinary Shares”).

    Gary Seaton, Chief Executive Officer, commented, “We continue to be very pleased with the momentum and trajectory of our business. The decision to convert a meaningful portion of debt to equity strengthens our balance sheet and enhances financial flexibility while also demonstrating the long-term commitment to the Company’s future by management and its shareholders, which will reduce our debt by A$5 million and increases our shareholders’ equity by the same amount, and is in line with our strategy to optimize our capital structure.”

    Pursuant to the Conversion, the principal amount of all loans made to the Company by JSKS, along with accrued interest through April 30, 2025, will be deemed repaid by the Company and all of its obligations with respect to the principal amount and accrued interest will be satisfied in full and cancelled. In exchange, the Company has issued to JSKS 4,452,479 Ordinary Shares. 

    About Australian Oilseeds Holdings Limited. Australian Oilseeds Holdings Limited, a Cayman Islands exempted company (the “Company”) (NASDAQ: COOT) through its subsidiaries, including Australian Oilseeds Investments Pty Ltd., an Australian proprietary company, is focused on the manufacture and sale of sustainable oilseeds (e.g., seeds grown primarily for the production of edible oils) and is committed to working with all suppliers in the food supply chain to eliminate chemicals from the production and manufacturing systems to supply quality products to customers globally. The Company engages in the business of processing, manufacture and sale of non-GMO oilseeds and organic and non-organic food-grade oils, for the rapidly growing oilseeds market, through sourcing materials from suppliers focused on reducing the use of chemicals in consumables in order to supply healthier food ingredients, vegetable oils, proteins and other products to customers globally. Over the past 20 years, the Company’s cold pressing oil plant has grown to become the largest in Australia, pressing strictly GMO-free conventional and organic oilseeds.

    Forward-Looking Statements: This press release contains “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995, including but not limited to, statements regarding our financial outlook, business strategy and plans, market trends and market size, opportunities and positioning. These forward-looking statements are based on current expectations, estimates, forecasts and projections. Words such as “expect,” “anticipate,” “should,” “believe,” “hope,” “target,” “project,” “goals,” “estimate,” “potential,” “predict,” “may,” “will,” “might,” “could,” “intend,” “shall” and variations of these terms and similar expressions are intended to identify these forward-looking statements, although not all forward-looking statements contain these identifying words. Forward-looking statements are subject to a number of risks and uncertainties, many of which involve factors or circumstances that are beyond our control. For example, global economic conditions could in the future reduce demand for our products; we could in the future experience cybersecurity incidents; we may be unable to manage or sustain the level of growth that our business has experienced in prior periods; our financial resources may not be sufficient to maintain or improve our competitive position; we may be unable to attract new customers, or retain or sell additional products to existing customers; we may experience challenges successfully expanding our marketing and sales capabilities, including further specializing our sales force; customer growth could decelerate in the future; we may not achieve expected synergies and efficiencies of operations from recent acquisitions or business combinations, and we may not be able to pay off our convertible notes when due. Further information on potential factors that could affect our financial results is included in our most recent Annual Report on Form 10-K for June 30, 2024 and our other filings with the Securities and Exchange Commission. The forward-looking statements included in this press release represent our views only as of the date of this press release and we assume no obligation and do not intend to update these forward-looking statements.

    Contact
    Australian Oilseeds Holdings Limited
    126-142 Cowcumbla Street
    Cootamundra New South Wales 2590
    Attn: Amarjeet Singh, CFO
    Email: amarjeet.s@energreennutrition.com.au

    Investor Relations Contact
    Reed Anderson
    (646) 277-1260
    reed.anderson@icrinc.com

    The MIL Network –

  • MIL-OSI: CERo Therapeutics Holdings, Inc. Doses First Patient with CER-1236 in Phase 1 Clinical Trial for Acute Myeloid Leukemia and is Advancing Through Protocol-Defined Evaluations

    Source: GlobeNewswire (MIL-OSI)

    CERO Chief Medical Officer to discuss trial protocol in poster at the American Society for Clinical Oncology Conference

    The first patient has been dosed and is advancing through protocol-defined evaluations

    SOUTH SAN FRANSCISCO, Calif., May 30, 2025 (GLOBE NEWSWIRE) — CERo Therapeutics Holdings, Inc., (Nasdaq: CERO) (“CERo” or the “Company”) an innovative cellular immunotherapy company seeking to advance the next generation of engineered T cell therapeutics that employ phagocytic mechanisms, announces it has dosed the first patient in its Phase 1 clinical trial of CER-1236.  The patient was dosed at the lead trial site in a study focused on patients with acute myeloid leukemia (AML).  Now more than seven days post-infusion, monitoring continues for key safety, tolerability, and efficacy endpoints.  The study will be featured in a poster being presented at the 2025 Annual Meeting of the American Society of Clinical Oncology being held in Chicago May 30-June 3, 2025. 

    Abhishek Maiti, M.D., assistant professor of Leukemia at The University of Texas MD Anderson Cancer Center, is the lead investigator of the trial. He worked with Cero team on publishing the novel preclinical data in Clinical Cancer Research.

    The first-in-human, multi-center, open label, Phase 1/1b study is designed to evaluate the safety and preliminary efficacy of CER-1236 in patients with acute myeloid leukemia that is either relapsed/refractory, or in remission with measurable residual disease, or newly diagnosed patients with TP53 mutated MDS/AML or AML. The two-part study has begun with dose escalation to determine the highest tolerated dose and recommended dose for Phase 2, followed by an expansion phase to evaluate safety and efficacy.  Primary outcome measures include incidence of adverse events (AEs) and serious adverse events (SAEs), incidence of dose limited toxicities and estimation of overall response rate (ORR), complete response (CR), composite complete response (cCR), and measurable residual disease (MRD).  Secondary outcome measures include pharmacokinetics (PK).

    Robert Sikorski, M.D. Ph.D., CERo Therapeutics’ Chief Medical Officer remarked, “The completion of first-in-human dosing represents a clinical development milestone for CER-1236, a novel autologous CAR-T therapeutic candidate targeting TIM 4L.  Protocol-specified evaluations of safety, pharmacodynamic, pharmacokinetic, and efficacy endpoints are in progress.  We look forward to communicating results as data matures.”

    A peer-reviewed manuscript with robust preclinical data was published earlier in Clinical Cancer Research. The Company is presenting a poster that outlines the Phase 1/1b study at the American Society of Clinical Oncology 2025 Annual Meeting in Chicago May 30-June 3, 2025 at Chicago’s McCormick Place Convention Center. The abstract for the poster, titled, “First in human study of autologous chimeric engulfment receptor T-cell CER-1236 targeting TIM-4-L in acute myeloid leukemia (CertainT-1)” can be found here.  The poster session, at which Dr. Sikorski will be present, is being held June 1st, and is titled, “Hematologic Malignancies – Leukemia, Myelodysplastic Syndromes and Allotransplant.”

    CERo CEO Chris Ehrlich concluded, “We are grateful for the participation of our first patient and to the many people who have worked tirelessly to reach this milestone, including our CERO team, our consultants and study sites.  We look forward to discussing additional outcomes, which we continue to believe will validate the scientific work performed to date with CER-1236.”

    About CERo Therapeutics Holdings, Inc.

    CERo is an innovative immunotherapy company advancing the development of next generation engineered T cell therapeutics for the treatment of cancer. Its proprietary approach to T cell engineering, which enables it to integrate certain desirable characteristics of both innate and adaptive immunity into a single therapeutic construct, is designed to engage the body’s full immune repertoire to achieve optimized cancer therapy. This novel cellular immunotherapy platform is expected to redirect patient-derived T cells to eliminate tumors by building in engulfment pathways that employ phagocytic mechanisms to destroy cancer cells, creating what CERo refers to as Chimeric Engulfment Receptor T cells (“CER-T”). CERo believes the differentiated activity of CER-T cells will afford them greater therapeutic application than currently approved chimeric antigen receptor (“CAR-T”) cell therapy, as the use of CER-T may potentially span both hematological malignancies and solid tumors. CERo has commenced clinical trials for its lead product candidate CER-1236 for hematological malignancies.

    Forward-Looking Statements

    This communication contains statements that are forward-looking and as such are not historical facts. This includes, without limitation, statements regarding the financial position, business strategy and the plans and objectives of management for future operations of CERo. These statements constitute projections, forecasts and forward-looking statements, and are not guarantees of performance. Such statements can be identified by the fact that they do not relate strictly to historical or current facts. When used in this communication, words such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “strive,” “would” and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. When CERo discusses its strategies or plans, it is making projections, forecasts or forward-looking statements. Such statements are based on the beliefs of, as well as assumptions made by and information currently available to, CERo’s management.

    Actual results could differ from those implied by the forward-looking statements in this communication. Certain risks that could cause actual results to differ are set forth in CERo’s filings with the Securities and Exchange Commission, including its most recent Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q, and the documents incorporated by reference therein. The risks described in CERo’s filings with the Securities and Exchange Commission are not exhaustive. New risk factors emerge from time to time, and it is not possible to predict all such risk factors, nor can CERo assess the impact of all such risk factors on its business, or the extent to which any factor or combination of factors may cause actual results to differ materially from those contained in any forward-looking statements. Forward-looking statements are not guarantees of performance. You should not put undue reliance on these statements, which speak only as of the date hereof. All forward-looking statements made by CERo or persons acting on its behalf are expressly qualified in their entirety by the foregoing cautionary statements. CERo undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

    Contact:
    Chris Ehrlich
    Chief Executive Officer
    chris@cero.bio

    Investors:
    CORE IR

    investors@cero.bio

    The MIL Network –

  • Stock market ends lower ahead of key GDP data

    Source: Government of India

    Source: Government of India (4)

    The domestic market closed lower in Friday’s trading session. At the end of trading, the Sensex was down 182.01 points or 0.22 per cent at 81,451.01 while the Nifty was down 82.9 points or 0.33 per cent at 24,750.70.

    Midcap and smallcap closed almost flat. The Nifty Midcap 100 index closed down 37.25 points at 57,420.00 and the Nifty Smallcap 100 index closed down 6.10 points at 17,883.30.

    Metal and IT stocks led the decline. Nifty Metal index closed down by 1.69 per cent and Nifty IT index down by 1.15 per cent. Apart from this, auto, pharma and FMCG sectors also saw a decline. Only PSU bank, financial services and media indices closed in the green.

    The Nifty remained volatile with a slightly negative bias on the first day of the June series. On the smaller time frame, the index has formed a bearish moving average crossover.

    “The RSI on the hourly chart indicates bearish price momentum, suggesting short-term weakness. Additionally, signs of exhaustion are visible on the daily RSI, accompanied by a strong negative divergence,” said Rupak De, Senior Technical Analyst at LKP Securities.

    However, Nifty has been struggling to move beyond a certain level. Immediate support is placed at 24,700; a breach below this level could lead to a decline towards 24,500. On the higher side, 24,800 is likely to act as a crucial resistance, as call writers have built significant positions at that level.

    The impact of GDP figures will be seen on the market in coming trading sessions, said analysts.

    A range-bound movement continued in the market, with the temporary reinstatement of US tariffs by the appeal court influencing investors to stay sidelined.

    “The global market may contend with macroeconomic concerns as the global trade landscape has yet to see stability, which may navigate a short-term consolidation. Meanwhile, FII inflows continued due to the volatility in the US 10-year yield and an expectation of solid domestic Q4 GDP data later today and a rate cut by RBI,” said Vinod Nair, Head of Research, Geojit Investments Limited.

    Rupee traded weak by 8 paise at 85.52 as the dollar index gained 0.25 per cent to 99.46.

    (IANS)

  • MIL-OSI Asia-Pac: Financial results for month ended April 30, 2025

    Source: Hong Kong Government special administrative region

    Financial results for month ended April 30, 2025 

     April 30, 2025
    HK$ millionrepayment of Government Bondsissuance of Government Bondsrepayment of Government BondsGovernment Debts as at April 30, 2025 (Note 3)
        HK$306,963 million
    Debts Guaranteed by Government as at April 30, 2025 (Note 4)
        HK$126,268 million

    TABLE 2. FISCAL RESERVES
     

     April 30, 2025
    HK$ millionrepayment of Government BondsNotes:

    1. This Account consolidates the General Revenue Account and the following eight Funds: Capital Works Reserve Fund, Capital Investment Fund, Civil Service Pension Reserve Fund, Disaster Relief Fund, Innovation and Technology Fund, Land Fund, Loan Fund and Lotteries Fund. It excludes the Bond Fund, the balance of which is not part of the fiscal reserves. The Bond Fund balance as at April 30, 2025, was HK$218,575 million.Issued at HKT 16:30

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    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: SFST’s speech at “Hong Kong Night” business networking reception and seminar in Vancouver, Canada (English only) (with photo)

    Source: Hong Kong Government special administrative region

    SFST’s speech at “Hong Kong Night” business networking reception and seminar in Vancouver, Canada (English only) (with photo) 
    Distinguished guests, industry leaders and innovators, friends in Canada and from around the world,
     
    Good evening, everyone. Thanks for having me today for this very special occasion, called “Hong Kong Night”. I must say I always wonder why we have “Hong Kong night” in broad daylight. I suppose it could be a distinctive feature of this city which everybody loves. Just now, our colleague from Cathay Pacific mentioned to me that there will be a draw right after for tickets so I’m sure that explains why you are all here.
     
    Let me give you some flavour in terms of how Hong Kong has been faring, and also at the same time some talking points that you may want to share after this session. I want to give you an overview in terms of how Hong Kong has done so far in financial services under my portfolio, and also in particular the reason why I’m here in Vancouver because this is my last stop, after Toronto and also Ottawa. Through this visit, I had the opportunity to see many people at the government, regulators and also financial institutions. What I am impressed most is that it’s really a place where people are looking for a change. You already have a new government. At the same time, you are looking for ways to diversify, in terms of your economy, and also in terms of financial activities. So I think Hong Kong comes at the right time, where it’s a very viable option, either you are a corporate, an individual, or even an investor, to consider that in the context of diversification.
     
    Before I further proceed, maybe first of all, let me give you an overview of how Hong Kong’s been faring so far. I’ve been asked a lot in terms of the impact of tariffs on Hong Kong. I understand that there will be a fireside chat by Rocky (the Director and Head of Policy Research of the Financial Services Development Council, Dr Rocky Tung) later on, and I’ll leave that to the experts. But that said, Hong Kong being a service economy, I must say we don’t have much to export. At the same time, we are a free economy as stipulated in our Basic Law. So far so good in terms of our resilience, I would say, in the broader context of geopolitical change.
     
    More specifically, in our capital market, recently we do see an upsurge in our stock market. Right now, our average daily turnover is exceeding US$32 billion, and also we’ve welcomed a number of key mega IPOs (initial public offerings), like the recent one is CATL (Contemporary Amperex Technology Co Limited). It’s a major or global battery manufacturer for EVs (electric vehicles), and they just got listed at the same time, offering a shares equivalent to the size of around HK$41 billion. And funny enough, when you look at the composition of the investors, we have those from the US. At the same time, we also have investors from the Middle East, where the Kuwait Sovereign Wealth Fund, what we call the KIA, Kuwait Investment Authority, actually put in US$500 million in that offer. So you can see that despite all the talk about the deglobalisation or decoupling, finance, in particular, capital formation takes place, and also monies after returns.
     
    Of course, that is not alone in terms of what we are welcoming. We also welcome Canadian companies to list in Hong Kong as well. Right now, we have around six Canadian companies already listed in Hong Kong, like Manulife and also some of the mining and oil and gas companies. I do very much welcome many more listings, especially from this part of the world, where it could be tech, could be mining, or for other types of new economic activities.
     
    The second part I want to highlight, apart from how Hong Kong has been faring, is in terms of my observations so far this year, so far in my visit. Apart from the general ones that I just highlighted, I do see a number of areas that Hong Kong and Canada can work together. First of all, wealth management, because I got the chance to see and meet a number of insurance companies and banks from this part of the world. In fact, many of them are heavily invested and also have a strong presence in Hong Kong, like Manulife, which takes up 27 per cent of our Mandatory Provident Fund, a pension service system in Hong Kong. And also Sun Life, which is in collaboration with Dah Sing Bank in Hong Kong through the bank insurance businesses. Also we have CIBC (Canadian Imperial Bank of Commerce) and others that already have a strong presence in corporate banking in Hong Kong.
     
    Many people see wealth management as an emerging trend, an area where we should work together. Because in the way that we see the world, like all of you, people are looking for ways to diversify. Many of the traditional markets where people want to park their wealth in the Anglo-Saxon world, people are still changing their minds in terms of whether they should diversify through geography or through products. In either way, Hong Kong is an option, because we have been the largest offshore cross-boundary wealth management centre so far in Asia, and we are looking to be the biggest one in the world. It is an area that we are very keen to develop further. Right now, we have 2 700 single family offices. We are going to have facilitated at least 200 more family offices by the end of this year. Also, we are going to have more tax concessions for family offices to cover private credit, carbon credit, and virtual assets. I will leave these details to our Invest Hong Kong colleagues. They will have all the details. All I want to say is wealth management, in particular in terms of family offices and high-net-worth individuals, is an area that I think Hong Kong can walk closely together with this country.
     
    The second area that I think is important to note in terms of collaboration is about what the host mentioned just now – the Web Summit Vancouver. The reason that I’m here is because we just passed a law to regulate stablecoin issues in Hong Kong. It is a big topic, not just in Hong Kong, but regionally, because many people see virtual assets as speculative. But that said, stablecoins being underpinned by fiat currency is a different animal, which potentially can be used in the form of payment. At a time when the US dollar or US-related assets are being questioned, I think many of the alternatives, also at the same time, in the form of stablecoins, have that role to play.
     
    In that regard, I have more to share in terms of our ecosystem effort to build an ecosystem in Hong Kong for our virtual assets. We have already 10 virtual asset exchanges, and also at the same time, we are going to issue licenses for stablecoin issuers. And very soon, we will also regulate these virtual asset custodians. For anyone of you who are participating, in this space, I do urge you to look at what Hong Kong has done and also at the same time how you can leverage the opportunities for your own development.
     
    Last but not least, in terms of what I want to inform this group is having debriefed all of you about what Hong Kong has done in terms of wealth management and virtual assets and also fintech in general, I’m sure that you do see a lot of need to come to Hong Kong. So even though you may not be able to get those free tickets, I’m sure you’re all rich enough to buy your own and also give yourself a reason to come to Hong Kong soon. And anytime, anywhere, you’re most welcome. Thank you.
    Issued at HKT 16:49

    NNNN

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: Japanese medical and life science companies join business mission to understand Hong Kong’s investment environment and explore business opportunities (with photos)

    Source: Hong Kong Government special administrative region

    Japanese medical and life science companies join business mission to understand Hong Kong’s investment environment and explore business opportunities  
         This is the fourth sector-specific business mission organised by InvestHK and the Hong Kong Economic and Trade Office (Tokyo) in recent years, following the last innovation and technology mission in May 2024, and two food and beverage missions, which were held in February 2025 and April 2023 respectively.
     
         Tying in with the Hong Kong Trade Development Council’s Asia Summit on Global Health and the Hong Kong International Medical and Healthcare Fair 2025, on May 26 and 27, the delegation attended a series of visits, themed seminars, networking sessions, as well as business matching meetings with potential investors, investees and business partners.
     
         At the welcome dinner held on May 26, the Director-General of Investment Promotion, Ms Alpha Lau, said, “With the highest life expectancy in the world, Hong Kong has proven itself as a hub of healthcare excellence and technological innovation. Home to two of the world’s top 30 medical schools, a first-class research talent pool, and globally recognised clinical trial data, our city is a powerhouse for biotech advancement.”
     
         On May 27, the delegates visited the Hong Kong Science and Technology Parks Corporation (HKSTP) to attend a briefing session on the business environment and opportunities available in Hong Kong, followed by a tour of the HKSTP’s Japanese tenants’ lab and other facilities. The delegates then attended a networking dinner organised by InvestHK.
    Issued at HKT 14:45

    NNNN

    MIL OSI Asia Pacific News –

  • MIL-OSI: Toobit Lowers Maintenance Margin Requirements for Select Perpetual Contracts

    Source: GlobeNewswire (MIL-OSI)

    GEORGE TOWN, Cayman Islands, May 30, 2025 (GLOBE NEWSWIRE) — Toobit, an award-winning global digital asset exchange, today announces an adjustment to the maintenance margin requirements (MMR) for 10 USDT-margined perpetual swap contracts. With some pairs seeing up to a 25% reduction in requirements, the update will enhance capital efficiency and provide traders with greater flexibility in managing leveraged positions.

    The MMR updates apply to the following contract pairs: HEI, ONG, OMNI, ZKJ, OXT, GLM, G, MTL, GHST, and STG, all traded against USDT. The update follows trading patterns that show increased demand for flexible leverage and more refined risk thresholds across these contracts.

    Key highlights include:

    • Reduced MMR across multiple tier levels, allowing for more efficient margin utilization.
    • Improved entry thresholds for higher leverage tiers, particularly beneficial for professional and high-volume traders.
    • Granular position limit scaling, designed to ensure effective risk control while preserving trading flexibility.

    “We’ve seen how even small shifts in margin structure can unlock more flexibility and profitability for active traders,” said Mike Williams, Chief Communication Officer at Toobit. “These updates reflect what our users are telling us. They want more control, tighter spreads on capital, and the ability to scale positions efficiently. We hear them, and this is a direct response to that.”

    Maintenance margin requirements are the minimum amount of money a trader must keep in their account when using borrowed funds to trade. This makes sure traders have enough funds to cover any losses that may result from their trades. If the money in the account falls below this level, the trader will get a margin call, asking them to add more funds or close some trades.

    Lower maintenance margin requirements mean greater flexibility and freedom for traders, allowing them to hold larger positions with less capital tied up. This change reduces the risk of margin calls, giving traders more room to manage their trades during market fluctuations without the immediate pressure to add funds.

    Toobit continues to evaluate and adjust its trading parameters in response to evolving market dynamics and user feedback. These adjustments are part of a broader effort to provide a competitive, secure, and trader-centric derivatives trading environment.

    About Toobit

    Toobit is where the future of crypto trading unfolds—an award-winning cryptocurrency derivatives exchange built for those who thrive exploring new frontiers. With deep liquidity and cutting-edge technology, Toobit empowers traders worldwide to navigate the digital asset markets with confidence. We offer a fair, secure, seamless, and transparent trading experience, ensuring every trade is an opportunity to discover what’s next.

    For more information about Toobit, visit: Website | X | Telegram | LinkedIn | Discord | Instagram

    Contact: Davin C.

    Email: market@toobit.com

    Website: www.toobit.com

    Disclaimer: This is a paid post and is provided by Toobit. The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. We do not guarantee any claims, statements, or promises made in this article. This content is for informational purposes only and should not be considered financial, investment, or trading advice.Investing in crypto and mining-related opportunities involves significant risks, including the potential loss of capital. It is possible to lose all your capital. These products may not be suitable for everyone, and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. However, due to the inherently speculative nature of the blockchain sector—including cryptocurrency, NFTs, and mining—complete accuracy cannot always be guaranteed.Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release. In the event of any legal claims or charges against this article, we accept no liability or responsibility. Globenewswire does not endorse any content on this page.

    Legal Disclaimer: This media platform provides the content of this article on an “as-is” basis, without any warranties or representations of any kind, express or implied. We assume no responsibility for any inaccuracies, errors, or omissions. We do not assume any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information presented herein. Any concerns, complaints, or copyright issues related to this article should be directed to the content provider mentioned above.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/0b610e8c-bc3d-4943-8283-91bf52a3b4c7

    The MIL Network –

  • MIL-OSI: Range Declares Quarterly Dividend

    Source: GlobeNewswire (MIL-OSI)

    FORT WORTH, Texas, May 30, 2025 (GLOBE NEWSWIRE) — RANGE RESOURCES CORPORATION (NYSE: RRC) today announced that its Board of Directors declared a quarterly cash dividend on its common stock for the second quarter. A dividend of $0.09 per common share is payable on June 27, 2025 to stockholders of record at the close of business on June 13, 2025.

    RANGE RESOURCES CORPORATION (NYSE: RRC) is a leading U.S. independent natural gas and NGL producer with operations focused in the Appalachian Basin. The Company is headquartered in Fort Worth, Texas.  More information about Range can be found at www.rangeresources.com.

    SOURCE: Range Resources Corporation

    Range Investor Contact:

    Laith Sando, SVP – Corporate Strategy & Investor Relations
    817-869-4267
    lsando@rangeresources.com

    The MIL Network –

  • MIL-OSI: Paycheck-to-Paycheck to Financial Freedom: Bitcoin Solaris Opens Mobile Mining Access Ahead of Nova App Launch

    Source: GlobeNewswire (MIL-OSI)

    TALLINN, Estonia, May 30, 2025 (GLOBE NEWSWIRE) — Bitcoin Solaris (BTC-S), a decentralized blockchain protocol focused on real-world accessibility and mobile-first infrastructure, has officially opened early access to its Nova App—a passive mobile mining platform that enables users to earn daily crypto rewards from any smartphone or personal device. This announcement comes as the project enters Phase 5 of its presale, ahead of the app’s full public rollout.

    Mining from a Smartphone: Turning Idle Time into Daily Income

    The Nova App, now in limited beta release, allows users to earn BTC-S tokens by allocating 1–5 GB of storage and idle CPU power while their device charges. Rewards are distributed daily based on uptime, with no hardware requirements, no technical knowledge, and no upfront capital needed to participate. The team shared a picture of the app in the Telegram group, and the community went absolutely wild with excitement.

    By removing traditional barriers such as staking lockups or expensive mining rigs, Bitcoin Solaris makes digital asset participation viable for anyone with a smartphone, regardless of income or experience. The app is designed to operate seamlessly in the background, creating a new kind of income stream for global users living paycheck-to-paycheck.

    Infrastructure Built for Global Scale

    Bitcoin Solaris runs on a dual-layer blockchain architecture optimized for throughput and decentralization. The protocol combines multiple consensus models—including Proof-of-Stake (PoS), Proof-of-Capacity (PoC), Proof-of-History (PoH), and Proof-of-Time (PoT)—to support:

    • 10,000+ transactions per second
    • 2-second finality
    • Thousands of simultaneous mobile miners

    This architecture is designed to ensure that as Nova App adoption grows, the network can distribute mining rewards efficiently—without congestion, centralization, or performance bottlenecks.

    Independent Verification and Presale Opportunity

    Bitcoin Solaris has completed third-party security audits from Cyberscope and Freshcoins, along with KYC verification of its founding team. These steps provide foundational trust for new users entering the crypto space through BTC-S.

    Currently in Presale Phase 5, Bitcoin Solaris is offering tokens at $5 USDT, with a planned launch price of $20 USDT. Key presale details include:

    • Presale Ends: July 31, 2025
    • Token Price (Phase 5): 5 USDT
    • Public Listing Price: 20 USDT
    • Bonus: 11% additional tokens
    • Fixed Supply: 21 million BTC-S
    • Presale Allocation: 20% (4.2 million tokens)
    • Future Distribution: Exclusively via Nova App mining

    This phase offers early users the opportunity to join the network before mining difficulty adjusts upward and token distribution shifts to on-chain mining rewards

    Early Participation Still Open

    Bitcoin Solaris is currently in presale phase 5, where BTC-S is priced at 5 USDT. The planned public listing price is 20 USDT, creating a clear opportunity for discounted entry before centralized exchange exposure and mobile mining rollout. From the total 21 million BTC-S supply, 4.2 million tokens (20%) are allocated across presale stages. There is no inflation — future token distribution occurs only through Nova App mining.

    This presale phase offers more than price advantage. It ensures access to early mining when competition is low and difficulty is minimal. Timing, as history shows, is the primary wealth driver in crypto. For retail users, this is that moment.

    In a recent segment, Crypto Volt explains why Bitcoin Solaris is not just another presale but a system designed to bring working-class participants into the same wealth cycle that defined crypto’s early success stories. From mobile mining to supply caps, he outlines how BTC-S is replicating the conditions that allowed early adopters to break free from paycheck dependency.

    Bitcoin Solaris is more than a token—it’s a financial tool for the global majority. Whether you’re a gig worker, student, or first-time crypto participant, BTC-S offers a chance to earn daily and grow value long-term with nothing more than a connected device.

    The Nova App public release is scheduled alongside the token listing, but early access is now open to presale participants and selected community members.

    Start Earning. Start Early.

    Bitcoin Solaris aims to bridge the gap between passive tech users and active digital asset earners. With mobile mining, a fixed supply model, and verified infrastructure, the network is building toward a more inclusive financial future one daily reward at a time.

    To learn more or participate in the presale:
    Website: https://bitcoinsolaris.com/
     X (Twitter): https://x.com/BitcoinSolaris
     Telegram: https://t.me/Bitcoinsolaris

    Media Contact
    Xander Levine
    press@bitcoinsolaris.com
    Press Kit: Available on request

    Disclaimer: This is a paid post and is provided by Bitcoin Solaris. The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. We do not guarantee any claims, statements, or promises made in this article. This content is for informational purposes only and should not be considered financial, investment, or trading advice.Investing in crypto and mining-related opportunities involves significant risks, including the potential loss of capital. It is possible to lose all your capital. These products may not be suitable for everyone, and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. However, due to the inherently speculative nature of the blockchain sector—including cryptocurrency, NFTs, and mining—complete accuracy cannot always be guaranteed.Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release. In the event of any legal claims or charges against this article, we accept no liability or responsibility.Globenewswire does not endorse any content on this page.

    Legal Disclaimer: This media platform provides the content of this article on an “as-is” basis, without any warranties or representations of any kind, express or implied. We assume no responsibility for any inaccuracies, errors, or omissions. We do not assume any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information presented herein. Any concerns, complaints, or copyright issues related to this article should be directed to the content provider mentioned above.

    Photos accompanying this announcement are available at:

    https://www.globenewswire.com/NewsRoom/AttachmentNg/81d959ff-b71e-4c72-9fe5-041dad27513a

    https://www.globenewswire.com/NewsRoom/AttachmentNg/655ce773-ce3c-491d-9f7e-d6ca761a57d8

    https://www.globenewswire.com/NewsRoom/AttachmentNg/354b1750-eeb6-447b-b1a0-4f5a81f89eba

    https://www.globenewswire.com/NewsRoom/AttachmentNg/6f270fa8-361e-4f4f-b224-db5200870fc3

    The MIL Network –

  • MIL-OSI Europe: Spain: EIB finances Teknia with €30 million loan to support R&D investments for the European automotive sector

    Source: European Investment Bank

    EIB

    • The loan will support Teknia’s research and development (R&D investments) in Spain, Poland, Romania, Germany, Sweden and Czech Republic to develop more sustainable manufacturing technologies for automotive components.
    • This operation by the European Investment Bank (EIB) supports innovation and sustainability in a strategic sector for the EU economy.
    • The agreement contributes to the EIB’s strategic priorities of innovation, climate action and cohesion.
    • The operation is backed by InvestEU, an EU programme that aims to unlock over €372 billion in investment by 2027.

    The European Investment Bank (EIB) and Teknia have signed a loan worth €30 million to finance the company’s research and development activities, and measures to apply them in manufacturing of components for the automotive sector.  Teknia is a Spanish company present in 13 countries specialised in the manufacture of metal and plastic components for mobility solutions using a wide range of technologies.

    The EIB loan will support Teknia’s investments in R&D and in its facilities located in Spain, Poland, Romania, Germany, Sweden and Czechia. The investments will focus on the application of advanced manufacturing technologies, product diversification and cutting CO2 emissions. The company, one of the leading Spanish automotive suppliers, will reinforce its manufacturing capabilities and digitalization which are important pillars of its strategic plan in course.  

    The operation contributes to the EU’s cohesion policy as a significant part of the investments (approximately 51%) will be made in cohesion regions.

    “We are very pleased to be joining forces with Teknia to foster innovation and sustainability in the European automotive sector,” said Antonio Lorenzo, head of the EIB’s Corporate Lending Division Spain and Portugal. “This new financing is a clear example of how the EIB is helping companies to become more sustainable, more innovative and more competitive while contributing to strengthening Europe’s leading position in strategic sectors”.

    “This important loan will allow us to keep growing during these challenging times in the automotive sector and focus even more in innovation to manufacture the mobility of the future in our plants in the most sustainable way, decreasing the carbon footprint of the group”, Javier Quesada de Luis, Teknia CEO, explained. “We look to the future with optimism and will keep reinforcing our operations digitalizing our plants and innovating to codevelop new products together with our clients”.

    The EIB operation will boost EU competitiveness and help to reindustrialise a sector undergoing transformation due to the impact of developments like electrification and digitalisation.

    The loan contributes to the EIB Group’s strategic priorities of innovation and climate action and cohesion. These are three of the Group’s eight priorities set out in its Strategic Roadmap for the years 2024-2027.

    The EIB loan is partially guaranteed by InvestEU, the flagship EU programme to mobilise over €372 billion of additional public and private sector investment to support EU policy goals from 2021 to 2027.

    Background information  

    EIB 

    The European Investment Bank (ElB) is the long-term lending institution of the European Union, owned by its Member States. Built around eight core priorities, we finance investments that contribute to EU policy objectives by bolstering climate action and the environment, digitalisation and technological innovation, security and defence, cohesion, agriculture and bioeconomy, social infrastructure, high-impact investments outside the European Union, and the capital markets union.  

    The EIB Group, which also includes the European Investment Fund (EIF), signed nearly €89 billion in new financing for over 900 high-impact projects in 2024, boosting Europe’s competitiveness and security.  

    All projects financed by the EIB Group are in line with the Paris Climate Agreement, as pledged in our Climate Bank Roadmap. Almost 60% of the EIB Group’s annual financing supports projects directly contributing to climate change mitigation, adaptation, and a healthier environment.  

    Fostering market integration and mobilising investment, the Group supported a record of over €100 billion in new investment for Europe’s energy security in 2024 and mobilised €110 billion in growth capital for startups, scale-ups and European pioneers. Approximately half of the EIB’s financing within the European Union is directed towards cohesion regions, where per capita income is lower than the EU average.

    High-quality, up-to-date photos of our headquarters for media use are available here.

    InvestEU

    The InvestEU programme provides the European Union with crucial long-term funding by leveraging substantial private and public funds in support of a sustainable recovery. It also helps mobilise private investment for EU policy priorities, such as the European Green Deal and the digital transition. InvestEU brings together under one roof the multitude of EU financial instruments available to support investment in the European Union, making funding for investment projects in Europe simpler, more efficient and more flexible. The programme consists of three components: the InvestEU Fund, the InvestEU Advisory Hub and the InvestEU Portal. The InvestEU Fund is implemented through financial partners that invest in projects, leveraging on the EU budget guarantee of €26.2 billion. The entire budget guarantee will back the investment projects of the implementing partners, increasing their risk-bearing capacity and mobilising at least €372 billion in additional investment.

    Teknia

    Teknia is a multinational group specializing in the manufacturing of mobility components through metal and plastic components in a wide range of technologies.

    Founded in 1992 as a global supplier to the automotive industry, Teknia is present in 13 countries, with 23 plants and more than 3,500 employees. The company’s clients include the world’s leading vehicle manufacturers, as well as other Tier-1 suppliers. Teknia’s revenues reached €431 million in 2024.

    Teknia – RDI and Advanced Manufacturing
    Spain: EIB finances Teknia with €30 million loan to support R&D investments for the European automotive sector
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    MIL OSI Europe News –

  • MIL-OSI: Ellomay Capital Reports Publication of Financial Statements of Dorad Energy Ltd. as of and for the Three Months Ended March 31, 2025

    Source: GlobeNewswire (MIL-OSI)

    TEL-AVIV, Israel, May 30, 2025 (GLOBE NEWSWIRE) — Ellomay Capital Ltd. (NYSE American; TASE: ELLO) (“Ellomay” or the “Company”), a renewable energy and power generator and developer of renewable energy and power projects in Europe, Israel and USA, today reported the publication in Israel of financial statements as of and for the three months ended March 31, 2025 of Dorad Energy Ltd. (“Dorad”), in which Ellomay currently indirectly holds approximately 9.4% through its indirect 50% ownership of Ellomay Luzon Energy Infrastructures Ltd. (formerly U. Dori Energy Infrastructures Ltd.) (“Ellomay Luzon Energy”).

    On May 29, 2025, Amos Luzon Entrepreneurship and Energy Group Ltd. (the “Luzon Group”), an Israeli public company that currently holds the remaining 50% of Ellomay Luzon Energy, which, in turn, holds 18.75% of Dorad, published its quarterly report in Israel based on the requirements of the Israeli Securities Law, 1968. Based on applicable regulatory requirements, the quarterly report of the Luzon Group includes the financial statements of Dorad for the same period.

    The financial statements of Dorad as of and for the three months ended March 31, 2025 were prepared in accordance with International Financial Reporting Standards. Ellomay will include its indirect share of these results (through its holdings in Ellomay Luzon Energy) in its financial results for this period. In an effort to provide Ellomay’s shareholders with access to Dorad’s financial results (which were published in Hebrew), Ellomay hereby provides a convenience translation to English of Dorad’s financial results.

    Dorad Financial Highlights

    • Dorad’s revenues for the three months ended March 31, 2025 – approximately NIS 610.6 million.
    • Dorad’s operating profit for the three months ended March 31, 2025 – approximately NIS 76.9 million.

    Based on the information provided by Dorad, the demand for electricity by Dorad’s customers is seasonal and is affected by, inter alia, the climate prevailing in that season. The months of the year are split into three seasons as follows: summer – June-September; winter – December-February; and intermediate (spring and autumn) – March-May and October-November. There is a higher demand for electricity during the winter and summer seasons, and the average electricity consumption is higher in these seasons than in the intermediate seasons and is even characterized by peak demands due to extreme climate conditions of heat or cold. In addition, Dorad’s revenues are affected by the change in load and time tariffs – TAOZ (an electricity tariff that varies across seasons and across the day in accordance with demand hour clusters), as, on average, TAOZ tariffs are higher in the summer season than in the intermediate and winter seasons. Therefore, the results presented for the quarter ended March 31, 2025, which include winter months of January and February and the intermediate month of March, are not indicative of full year results. In addition, due to various reasons, including the effects of the increase in the Israeli CPI impacting interest payments by Dorad on its credit facility, the results included herein may not be indicative of first quarter results in the future or comparable to first quarter results in the past.

    A convenience translation of the financial results for Dorad as of and for the year ended December 31, 2024 and as of and for each of the three-month periods ended March 31, 2025 and 2024 is included at the end of this press release. Ellomay does not undertake to separately report Dorad’s financial results in a press release in the future. Neither Ellomay nor its independent public accountants have reviewed or consulted with the Luzon Group, Ellomay Luzon Energy or Dorad with respect to the financial results included in this press release.

    About Ellomay Capital Ltd.
    Ellomay is an Israeli based company whose shares are registered with the NYSE American and with the Tel Aviv Stock Exchange under the trading symbol “ELLO”. Since 2009, Ellomay focuses its business in the renewable energy and power sectors in Europe, USA and Israel.
    To date, Ellomay has evaluated numerous opportunities and invested significant funds in the renewable, clean energy and natural resources industries in Israel, Italy, Spain, the Netherlands and Texas, USA, including:

    • Approximately 335.9 MW of operating solar power plants in Spain (including a 300 MW solar plant in owned by Talasol, which is 51% owned by the Company) and approximately 38 MW of operating solar power plants in Italy;
    • 9.375% indirect interest in Dorad Energy Ltd., which owns and operates one of Israel’s largest private power plants with production capacity of approximately 850MW, representing about 6%-8% of Israel’s total current electricity consumption;
    • Groen Gas Goor B.V., Groen Gas Oude-Tonge B.V. and Groen Gas Gelderland B.V., project companies operating anaerobic digestion plants in the Netherlands, with a green gas production capacity of approximately 3 million, 3.8 million and 9.5 million Nm3 per year, respectively;
    • 83.333% of Ellomay Pumped Storage (2014) Ltd., which is involved in a project to construct a 156 MW pumped storage hydro power plant in the Manara Cliff, Israel;
    • Solar projects in Italy with an aggregate capacity of 294 MW that have reached “ready to build” status; and
    • Solar projects in the Dallas Metropolitan area, Texas, USA with an aggregate capacity of approximately 27 MW that are placed in service and in process of connection to the grid and additional 22 MW are under construction.

    For more information about Ellomay, visit http://www.ellomay.com.

    Information Relating to Forward-Looking Statements

    This press release contains forward-looking statements that involve substantial risks and uncertainties, including statements that are based on the current expectations and assumptions of the Company’s management. All statements, other than statements of historical facts, included in this press release regarding the Company’s plans and objectives, expectations and assumptions of management are forward-looking statements.  The use of certain words, including the words “estimate,” “project,” “intend,” “expect,” “believe” and similar expressions are intended to identify forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.  The Company may not actually achieve the plans, intentions or expectations disclosed in the forward-looking statements and you should not place undue reliance on the Company’s forward-looking statements. Various important factors could cause actual results or events to differ materially from those that may be expressed or implied by the Company’s forward-looking statements, including changes in electricity prices and demand, continued war and hostilities and political and economic conditions generally in Israel, regulatory changes, the decisions of the Israeli Electricity Authority, changes in demand, technical and other disruptions in the operations of the power plant operated by Dorad, competition, changes in the supply and prices of resources required for the operation of the Dorad’s facilities and in the price of oil and electricity, changes in the Israeli CPI, changes in interest rates, seasonality, failure to obtain financing for the expansion of Dorad and other risks applicable to projects under development and construction, and other risks applicable to projects under development and construction, in addition to other risks and uncertainties associated with the Company’s and Dorad’s business that are described in greater detail in the filings the Company makes from time to time with Securities and Exchange Commission, including its Annual Report on Form 20-F. The forward-looking statements are made as of this date and the Company does not undertake any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.

    Contact:
    Kalia Rubenbach (Weintraub)
    CFO
    Tel: +972 (3) 797-1111
    Email: hilai@ellomay.com  

     
    Dorad Energy Ltd.

    Interim Condensed Statements of Financial Position

    March 31

    March 31

    December 31

    2025

    2024

    2024

    (Unaudited)

    (Unaudited)

    (Audited)

    NIS thousands

    NIS thousands

    NIS thousands

    Current assets

    Cash and cash equivalents

    1,030,373

    399,596

    846,565

    Trade receivables and accrued income

    247,812

    181,182

    185,625

    Other receivables

    26,929

    13,850

    32,400

    Financial derivatives

    803

    –

    –

    Total current assets

    1,305,917

    594,628

    1,064,590

    Non-current assets

    Restricted deposit

    541,855

    514,770

    531,569

    Long-term Prepaid expenses

    79,666

    29,548

    79,739

    Fixed assets

    2,678,973

    3,065,103

    2,697,592

    Intangible assets

    10,215

    7,573

    9,688

    Right of use assets

    53,332

    54,544

    54,199

    Total non-current assets

    3,364,041

    3,671,538

    3,372,787

    Total assets

    4,669,958

    4,266,166

    4,437,377

    Current liabilities

    Current maturities of loans from banks

    347,509

    329,137

    321,805

    Current maturities of lease liabilities

    4,991

    4,787

    4,887

    Current tax liabilities

    24,119

    –

    14,016

    Trade payables

    297,164

    158,545

    168,637

    Other payables

    14,865

    19,897

    14,971

    Financial derivatives

    –

    1,125

    –

    Total current liabilities

    688,648

    513,491

    524,316

    Non-current liabilities

    Loans from banks

    1,756,777

    2,001,668

    1,750,457

    Other long-term liabilities

    60,872

    11,562

    60,987

    Long-term lease liabilities

    47,198

    48,007

    46,809

    Provision for dismantling and restoration

    37,212

    38,013

    38,102

    Deferred tax liabilities

    405,837

    297,691

    399,282

    Liabilities for employee benefits, net

    160

    160

    160

    Total non-current liabilities

    2,308,056

    2,397,101

    2,295,797

    Equity

    Share capital

    11

    11

    11

    Share premium

    642,199

    642,199

    642,199

    Capital reserve from activities with shareholders

    3,748

    3,748

    3,748

    Retained earnings

    1,027,296

    709,616

    971,306

    Total equity

    1,673,254

    1,355,574

    1,617,264

    Total liabilities and equity

    4,669,958

    4,266,166

    4,437,377

    Dorad Energy Ltd.

    Interim Condensed Statements of Profit or Loss

     

    		  

    For the three months ended

    Year ended
       

    March 31

    December 31
       

    2025

    		  

    2024

    		  

    2024
       

    (Unaudited)

    		  

    (Unaudited)

    		  

    (Audited)
       

    NIS thousands

    		  

    NIS thousands

    		  

    NIS thousands

    Revenues

    610,554

     610,882 

     2,863,770 

     

     

     

     

    Operating costs of the Power Plant

     

     

     
     

     

     

     

    Energy costs

    105,220

     131,084 

     574,572 

     

     

     

    Electricity purchase and
    infrastructure services

    325,315

     263,191 

     1,372,618 

    Depreciation and
    amortization

    51,418

    55,514 

    106,266 

    Other operating costs

    		  

    43,475

    		  

     42,469 

    		  

     190,027 
     

     

     

     

    Total operating costs of Power Plant

    		  

    525,428

    		  

     492,258 

    		  

     2,243,483 
     

     

     

     

     

     

     

     

    Profit from operating the Power Plant

    85,126

     118,624 

     620,287 
     

     

     

     

    General and administrative expenses

    8,186

     9,874 

     23,929 

    Other income

    		  

    –

    		  

     – 

    		  

     58 
     

     

     

     

    Operating profit

    76,940

     108,750 

     596,416 

     

     

     

     

    Financing income

    28,452

     12,879 

     184,939 

    Financing expenses

    		  

    32,743

    		  

     36,396 

    		  

     193,825 

     

     

     

     

    Financing expenses, net

    		  

    4,291

    		  

     23,517 

    		  

     8,886 

     

     

     

     

    Profit before taxes on income

    72,649

     85,233 

     587,530 

     

     

     

     

    Taxes on income

    		  

    16,659

    		  

     19,596 

    		  

     135,203 

     

     

     

     

    Net profit for the period

    		  

    55,990

    		  

     65,637 

    		  

     452,327
    Dorad Energy Ltd.
    Interim Condensed Statements of Changes in Shareholders’ Equity
          Capital reserve      
          for activities      
      Share
    		   Share     with   Retained      
      capital
    		   premium     shareholders   earnings     Total Equity
      NIS thousands
    		   NIS thousands     NIS thousands   NIS thousands     NIS thousands
    For the three months                
     ended March 31, 2025            
     (Unaudited)                
                 
    Balance as at                
     January 1, 2025 (Audited) 11   642,199     3,748   971,306     1,617,264  
                     
    Net profit for the period – 
    		    –       –    55,990     55,990  
                     
    Balance as at 
     March 31, 2025 (Unaudited)    		  11
    		    642,199      3,748   1,027,296     1,673,254  
                 
    For the three months                
     ended March 31, 2024                
     (Unaudited)            
                 
    Balance as at            
     January 1, 2024 (Audited) 11   642,199     3,748   643,979   1,289,937  
                 
    Net profit for the period –    –      –    65,637   65,637  
                 
    Balance as at            
     March 31, 2024 (Unaudited) 11   642,199     3,748   709,616   1,355,574  
                 
    For the year ended            
     December 31, 2024 (Audited)            
                 
    Balance as at            
     January 1, 2024 (Audited) 11   642,199     3,748   643,979   1,289,937  
                 
    Dividend distributed –    –      –    (125,000 ) (125,000 )
    Net profit for the year –    –      –    452,327   452,327  
                 
    Balance as at            
     December 31, 2024 (Audited) 11   642,199     3,748   971,306   1,617,264  
     
    Dorad Energy Ltd.
    Interim Condensed Statements of Cash Flows
        For the three months ended Year ended  
        March 31
    		   December 31  
        2025   2024   2024  
        (Unaudited)   (Unaudited)   (Audited)  
        NIS thousands   NIS thousands   NIS thousands  
    Cash flows from operating activities:        
    Net Profit for the period 55,990    65,637    452,327  
           
    Adjustments:      
    Depreciation and amortization      
    and fuel consumption 53,036    59,379    121,664  
    Taxes on income 16,659    19,596     135,203  
    Financing expenses, net 4,291    23,517    8,886  
      73,986    102,492    265,753  
           
    Change in trade receivables (62,187 )  30,684    26,241  
    Change in other receivables 5,471   (4,493 ) (20,951 )
    Change in trade payables 116,677   (8,906 ) (10,361 )
    Change in other payables (106 )  5,954   (3,481 )
    Change in other long-term liabilities 315   (1,381 ) (3,661 )
      60,170    21,858   (12,213 )
           
    Net cash from operating activities 190,146    189,987    705,867  
           
    Cash flows from investing activities:      
    Proceeds (used in) for settlement of financial derivatives, net 289   (1,395 )  1,548  
    Decrease in long-term restricted deposits –    17,500    17,500  
    Investment in fixed assets (34,249 ) (17,069 ) (44,132 )
    Proceeds from arbitration –    –     337,905  
    Proceeds from insurance for damages to fixed assets –    2,737    5,148  
    Investment in intangible assets (1,115 ) (412 ) (4,054 )
    Interest received 14,847    9,577    42,221  
           
    Net cash from )used in) investing activities (20,228 )  10,918    356,136  
           
    Cash flows from financing activities:      
    Repayment of lease liability –    (100 ) (4,984 )
    Repayment of loans from banks –     –    (284,570 )
    Dividends paid –    (17,500 ) (142,500 )
    Interest paid (190 ) (196 ) (129,957 )
    Proceeds from arbitration –    –     127,195  
           
    Net cash used in financing activities (190 ) (17,796 ) (434,816 )
           
    Net increase in cash and cash equivalents 169,728    183,109    627,187  
           
    Effect of exchange rate fluctuations      
    on cash and cash equivalents 14,080   (2,759 )  132  
    Cash and cash equivalents at      
    beginning of period 846,565    219,246    219,246  
    Cash and cash equivalents at end      
    of period 1,030,373   399,596    846,565   
           
    (a) Significant non-cash activity        
    Liability for gas agreements 432   –    56,208  

    The MIL Network –

  • MIL-OSI: Bitget Partners with Kronos Research to Deliver Institutional-Grade Liquidity and Trading Efficiency

    Source: GlobeNewswire (MIL-OSI)

    VICTORIA, Seychelles, May 30, 2025 (GLOBE NEWSWIRE) — Bitget, the leading cryptocurrency exchange and Web3 company, has announced a strategic partnership with Kronos Research, a top quantitative trading firm, bringing enhanced market liquidity and trading efficiency to Bitget traders and institutional clients.

    By integrating Kronos’s advanced capabilities, Bitget aims to provide deeper liquidity and tighter bid-ask spreads across major trading pairs for its traders and institutional clients. This improvement in market depth ensures that traders can execute large orders with minimal slippage, leading to more efficient and cost-effective trading. Such enhancements are particularly beneficial for both retail and institutional traders seeking optimal execution in a dynamic market environment.

    “The collaboration is yet another step in Bitget’s efforts towards delivering world-class institutional-grade trading services. With Kronos Research, Bitget strengthens its platform’s efficiency, meeting the high standards of security and liquidity required for institutional clients. This adds an additional layer of efficiency for Bitget’s ecosystem. This integration is a strategic partnership to develop infrastructure that meets the needs of our users”, said Gracy Chen, CEO at Bitget.

    Designed to optimize trading depth and improve execution quality, the integration of Kronos Research’s advanced algorithmic strategies and deep expertise in liquidity enhancement will unlock a more seamless and responsive trading environment, reducing slippage, stabilizing price movements and allowing for more consistent execution across market cycles. This partnership will also extend liquidity coverage for multiple trading categories, including spot and contracts. By supporting a broader set of digital assets with algorithmically driven liquidity solutions, this partnership will offer tighter spreads and more resilient order books.

    “Bitget’s robust infrastructure delivers the low latency and high execution speed we need to operate seamlessly across diverse market conditions,” said Hank Huang, CEO, Kronos Research. “This collaboration enables us to deploy optimized liquidity strategies at scale, driving tighter spreads, enhanced market depth, and a superior trading experience.”

    In 2025, Bitget is doubling down on its commitment to expanding services for institutional clients, making it a central focus of its strategic roadmap. This builds on a strong foundation laid in previous years, including the most recent introduction of crypto lending services for all spot trading pairs and the unified account system, both designed to offer greater flexibility, capital efficiency, and amalgamated asset management for institutional investors.

    Currently, Bitget works with over 1,000 institutional partners. Through continued innovation, strategic integrations, and enhanced product offerings, Bitget caters world-class services to a diverse clientele, ranging from individual investors to large-scale institutions.

    About Bitget

    Established in 2018, Bitget is the world’s leading cryptocurrency exchange and Web3 company. Serving over 120 million users in 150+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions, while offering real-time access to Bitcoin price, Ethereum price, and other cryptocurrency prices. Formerly known as BitKeep, Bitget Wallet is a world-class multi-chain crypto wallet that offers an array of comprehensive Web3 solutions and features including wallet functionality, token swap, NFT Marketplace, DApp browser, and more.
    Bitget is at the forefront of driving crypto adoption through strategic partnerships, such as its role as the Official Crypto Partner of the World’s Top Football League, LALIGA, in EASTERN, SEA and LATAM markets, as well as a global partner of Turkish National athletes Buse Tosun Çavuşoğlu (Wrestling world champion), Samet Gümüş (Boxing gold medalist) and İlkin Aydın (Volleyball national team), to inspire the global community to embrace the future of cryptocurrency.

    For more information, visit: Website | Twitter | Telegram | LinkedIn | Discord | Bitget Wallet
    For media inquiries, please contact: media@bitget.com

    About Kronos Research

    Established in 2018, Kronos Research is a cutting-edge cryptocurrency market maker and quantitative trading firm fueled by data research and intelligent algorithms, generating billions of US dollars in trading volume a day.

    With trading activity on all tier 1 and tier 2 exchanges, as well as top DeFi protocols and platforms, Kronos is able to deliver superior trading performance and liquidity through advanced trading infrastructure and deep quantitative research capabilities.

    For more information, visit: Website | X | LinkedIn or contact us at media@kronosresearch.com

    Risk Warning: Digital asset prices are subject to fluctuation and may experience significant volatility. Investors are advised to only allocate funds they can afford to lose. The value of any investment may be impacted, and there is a possibility that financial objectives may not be met, nor the principal investment recovered. Independent financial advice should always be sought, and personal financial experience and standing carefully considered. Past performance is not a reliable indicator of future results. Bitget accepts no liability for any potential losses incurred. Nothing contained herein should be construed as financial advice. For further information, please refer to our Terms of Use.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/e40c920e-5b96-453f-a96c-21de8fd8dad0

    The MIL Network –

  • MIL-OSI: Hyperscale Data Announces 35 Consecutive Monthly Cash Dividend Payments Timely Paid for Series D Cumulative Redeemable Perpetual Preferred Stock

    Source: GlobeNewswire (MIL-OSI)

    LAS VEGAS, May 30, 2025 (GLOBE NEWSWIRE) — Hyperscale Data, Inc. (NYSE American: GPUS), a diversified holding company (“Hyperscale Data” or the “Company”), today announced that it has successfully paid 35 consecutive monthly cash dividends for its 13.00% Series D Cumulative Redeemable Perpetual Preferred Stock (the “Series D Preferred Stock”). Dividends on the Series D Preferred Stock are cumulative and are payable out of amounts legally available therefor at a rate equal to 13.00% per annum per $25.00 of stated liquidation preference per share, or $0.2708333 per share of Series D Preferred Stock per month.

    Milton “Todd” Ault III, Founder and Executive Chairman of the Company, stated, “As we continue transforming Hyperscale Data into a pureplay artificial intelligence (“AI”) data center platform, we remain focused on operational performance, growth, and delivering value to our stockholders. The timely payment of 35 consecutive monthly cash dividends reflects the Company’s commitment to its overall credit profile and the long-term nature of the Series D Preferred Stock.”

    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 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.

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

    The MIL Network –

  • MIL-OSI: TIAN RUIXIANG Holdings Ltd to Acquire Ucare Inc. in US$150 Million All-Stock Deal, Advancing In-Hospital Health Insurance Strategy

    Source: GlobeNewswire (MIL-OSI)

    BEIJING, May 30, 2025 (GLOBE NEWSWIRE) — TIAN RUIXIANG Holdings Ltd (Nasdaq: TIRX) (the “Company” or “TRX”), a China-based insurance broker, today announced plans to acquire 100% of issued and outstanding shares of Ucare Inc. (“Ucare”), the sole operator of China’s only cloud-based AI-driven hospital and health insurance risk management platform, in an all-share deal valued at US$150 million. This strategic move aims to unlock new growth opportunities in the health insurance segment.

    The Company and its wholly-owned subsidiary, VitaCare Limited (“VitaCare”) have entered into a share exchange agreement (the “Agreement”) with certain shareholders (the “Sellers”) of Ucare and other parties. Under the Agreement, the Sellers will receive 101,486,575 newly-issued class A ordinary shares (“Shares”) of TRX, each with a par value of US$0.025. The number of Shares is calculated based on the weighted average closing price of TRX’s Class A ordinary shares over the three months preceding the Agreement, at a per-share price of US$1.478. The Shares will represent approximately 91.75% of the Company’s total issued and outstanding Class A ordinary shares and approximately 13.70% of its total voting power upon closing, which is subject to customary conditions.

    Ucare develops innovative healthcare solutions that enable providers, payers, and institutions to reduce fraud, abuse, waste, and administrative costs. Powered by the largest hospital database, Ucare’s cloud-based generative AI platform continuously refines disease models by integrating real-world data, the latest medical guidelines, and real-time intelligence. Ucare’s vision is to ease the burden on patients, expand coverage, and ultimately improve access to healthcare for everyone. It currently serves over 4,000 hospitals and has contributed an estimated US$6.82 billion reduction in avoidable healthcare expenditures as of December 2024. For the fiscal year ended October 31, 2024, Ucare reported a net profit of US$0.6 million on revenues of US$5.4 million.

    This acquisition comes at a time when China’s health insurance market is rapidly expanding to complement national health coverage reforms. By integrating Ucare’s AI-driven data analytics, institutional channels, and clinical treatment guidance tools, TRX aims to build differentiated health insurance products, strengthen their distribution within hospital systems, and accelerate its transition into a data-powered, platform-based insurance service provider.

    The transaction is expected to close on or about July 2025. Shares issued to the Sellers will be held in escrow and released based on Ucare achieving a cumulative revenue target of at least RMB150 million over the three years following closing. Post-transaction, Ucare will operate as a wholly-owned subsidiary of VitaCare. Key Ucare management, including Chief Executive Officer Mr. Wei Zhu, will remain in their roles to drive continuity and growth.

    Mr. Wei Zhu, Chief Executive Officer of Ucare, stated, “We are excited to join forces with TRX in a transaction that validates our mission and achievements. Over the years, we’ve built China’s leading hospital management platform, powered by proprietary AI algorithms and a deep understanding of healthcare system dynamics. TRX’s platform, capital access, and industry network will empower us to scale R&D, integrate the latest generative AI into clinical pathways, and expand our offerings from medical institutions to insurance companies. This marks a pivotal moment in building a unified ecosystem that brings hospitals, insurers, and patients closer together for more efficient, transparent healthcare.”

    Ms. Sheng Xu, Director, Chairwoman and Chief Executive Officer of TRX, commented, “This Agreement with Ucare represents a critical acquisition that expands our business channels by adding health insurance offerings that complement our property insurance products. With its unique positioning and first-mover advantage as the sole provider of cloud-based AI solutions for health insurance risk management, Ucare gives us privileged access to healthcare data, decision-makers, and patient journeys. This will significantly enhance our ability to design tailored insurance products，recommend solutions, streamline claims and diversify revenues. We view Ucare not only as a growth engine but as a strategic hub that bridges insurance services with healthcare delivery—an integration we believe will define the next decade of our industry.”

    About TIAN RUIXIANG Holdings Ltd
    TIAN RUIXIANG Holdings Ltd, headquartered in Beijing, China, is an insurance broker operating in China through its China-based variable interest entity. It distributes a wide range of insurance products, which are categorized into two major groups: (1) property and casualty insurance, such as commercial property insurance, liability insurance, accidental insurance, and automobile insurance; and (2) other types of insurance, such as health insurance, life insurance, and other miscellaneous insurance.

    About Ucare Inc.
    Ucare Inc. develops innovative healthcare solutions that enable providers, payers, and institutions to reduce fraud, abuse, waste, and administrative costs. Powered by the largest hospital database, Ucare’s cloud-based generative AI platform continuously refines disease models by integrating real-world data, the latest medical guidelines, and real-time intelligence. Ucare’s vision is to ease the burden on patients, expand coverage, and ultimately improve access to healthcare for everyone.

    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 current expectations and projections about future events and financial trends 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 “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “potential,” “continue,” “is/are likely to” or other similar expressions. The Company undertakes no obligation to update 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 risk factors that may affect its future results in the Company’s registration statement and in its other filings with the U.S. Securities and Exchange Commission.

    For investor and media enquiries, please contact:
    TIAN RUIXIANG Holdings Ltd
    Investor Relations Department
    Email: ir@tianrx.com

    Water Tower Research
    Feifei Shen
    Email: feifei@watertowerresearch.com

    The MIL Network –

  • MIL-OSI: Eos Energy Enterprises, Inc. Announces Pricing of Common Stock Offering

    Source: GlobeNewswire (MIL-OSI)

    EDISON, N.J., May 30, 2025 (GLOBE NEWSWIRE) — Eos Energy Enterprises, Inc. (NASDAQ: EOSE) (“Eos” or the “Company”) today announced the pricing of an offering of 18,750,000 shares of common stock at a price to the public of $4.00 per share (the “Offering”). The Offering is being made pursuant to the Securities Act of 1933, as amended (the “Securities Act”). The Company has granted the underwriters of the Offering, a 30-day option to purchase up to an additional 2,812,500 shares of common stock, at the public offering price, less the underwriting discounts. The Offering is expected to close on June 2, 2025, subject to customary closing conditions.

    The net proceeds from the Offering will be $70,500,000 (or $81,075,000 if the underwriters exercise their option to purchase additional shares in full), after deducting underwriting discounts and commissions. The Company intends to use the net proceeds from the Offering, together with the net proceeds from the offering of the notes referred to below, if it is consummated, (i) to repurchase the full $126 million aggregate principal amount outstanding of its 5%/6% Convertible Senior PIK Toggle Note due 2026 in a privately negotiated transaction for approximately $131 million; (ii) to prepay $50 million of outstanding borrowings due under its credit agreement, dated June 21, 2024, by and between Eos and CCM Denali Debt Holdings, LP (the “Credit Agreement”); and (iii) for general corporate purposes. Upon the prepayment of $50 million of outstanding borrowings under the Credit Agreement, the PIK interest rate under the Credit Agreement will decrease from 15% to 7% and the financial covenants thereunder will be waived until 2027. CCM Denali Equity Holdings, LP has agreed that upon the consummation of the offering it will not transfer any securities issued to it under the Securities Purchase Agreement, dated June 21, 2024, between the Company and CCM Denali Equity Holdings, LP prior to June 21, 2026.

    In a separate press release, the Company also announced today the pricing of its previously announced private offering of $225,000,000 aggregate principal amount of 6.75% convertible senior notes due 2030 (the “notes”), plus up to an additional $25,000,000 aggregate principal amount of notes that the initial purchasers of the note offering have the option to purchase from the Company. The issuance and sale of the notes are scheduled to settle on June 3, 2025, subject to customary closing conditions. The completion of the offering of common stock is not contingent on the completion of the offering of the notes, and the completion of the offering of notes is not contingent on the completion of the offering of common stock. This press release does not constitute an offer to sell, or the solicitation of an offer to buy, any notes or shares of common stock, if any, issuable upon conversion of the notes.

    Jefferies and J.P. Morgan acted as joint lead book-running managers for the Offering. TD Cowen and Stifel acted as passive book-runners for the Offering. Johnson Rice & Company acted as a co-manager for the Offering.

    The Company is conducting the Offering pursuant to an effective shelf registration statement, including a base prospectus, under the Securities Act of 1933, as amended. The Offering is being made only by means of a separate prospectus supplement and the accompanying prospectus. Copies of the prospectus supplement and accompanying prospectus relating to the Offering may be obtained by contacting Jefferies LLC, Attention: Equity Syndicate Prospectus Department, 520 Madison Avenue, New York, NY 10022, by telephone at (877) 821-7388 or by email at prospectus_department@jefferies.com; and J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, by email at prospectus-eq_fi@jpmchase.com and postsalemanualrequests@broadridge.com. Before you invest in the Offering, you should read the applicable prospectus supplement relating to the Offering and accompanying prospectus, the registration statement and the other documents that the Company has filed with the Securities and Exchange Commission as incorporated by reference therein, for more complete information about the Company and the Offering. Investors may obtain these documents for free by visiting the SEC’s website at www.sec.gov.

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

    About Eos Energy Enterprises

    Eos Energy Enterprises, Inc. is accelerating the shift to American energy independence with positively ingenious solutions that transform how the world stores power. Our breakthrough Znyth™ aqueous zinc battery was designed to overcome the limitations of conventional lithium-ion technology. It is safe, scalable, efficient, sustainable, manufactured in the U.S., and the core of our innovative systems that today provides utility, industrial, and commercial customers with a proven, reliable energy storage alternative for 3 to 12-hour applications. Eos was founded in 2008 and is headquartered in Edison, New Jersey.

    Forward-Looking Statements

    This press release includes forward-looking statements, including statements regarding the anticipated terms of the notes being offered, the completion, timing and size of the proposed offering and the intended use of the proceeds. Forward-looking statements represent Eos’s current expectations regarding future events and are subject to known and unknown risks and uncertainties that could cause actual results to differ materially from those implied by the forward-looking statements. Among those risks and uncertainties are market conditions, including market interest rates, the trading price and volatility of Eos’s common stock and risks relating to Eos’s business, including those described in periodic reports that Eos files from time to time with the SEC. Eos may not consummate the proposed offering described in this press release and, if the proposed offering are consummated, cannot provide any assurances regarding the final terms of the offering or the notes or its ability to effectively apply the net proceeds as described above. The forward-looking statements included in this press release speak only as of the date of this press release, and Eos does not undertake to update the statements included in this press release for subsequent developments, except as may be required by law.

    Contacts
    Investors: ir@eose.com
    Media: media@eose.com

    The MIL Network –

  • MIL-OSI: Eos Energy Enterprises, Inc. Prices Upsized $225,000,000 Convertible Senior Notes Offering

    Source: GlobeNewswire (MIL-OSI)

    EDISON, N.J., May 30, 2025 (GLOBE NEWSWIRE) — Eos Energy Enterprises, Inc. (NASDAQ: EOSE) (“Eos” or the “Company”) today announced the pricing of its offering of $225,000,000 aggregate principal amount of 6.75% convertible senior notes due 2030 (the “notes”) in a private offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). The offering size was increased from the previously announced offering size of $175,000,000 aggregate principal amount of notes. The issuance and sale of the notes are scheduled to settle on June 3, 2025, subject to customary closing conditions. Eos also granted the initial purchasers of the notes an option to purchase, for settlement within a period of 13 days from, and including, the date the notes are first issued, up to an additional $25,000,000 aggregate principal amount of notes.

    The notes will be senior, unsecured obligations of Eos and will accrue interest at a rate of 6.75% per annum, payable semi-annually in arrears on June 15 and December 15 of each year, beginning on December 15, 2025. The notes will mature on June 15, 2030, unless earlier repurchased, redeemed or converted. Before March 15, 2030, noteholders will have the right to convert their notes only upon the occurrence of certain events. From and after March 15, 2030, noteholders may convert their notes at any time at their election until the close of business on the second scheduled trading day immediately before the maturity date. Eos will settle conversions by paying or delivering, as applicable, cash, shares of its common stock or a combination of cash and shares of its common stock, at Eos’s election. The initial conversion rate is 196.0784 shares of common stock per $1,000 principal amount of notes, which represents an initial conversion price of approximately $5.10 per share of common stock. The initial conversion price represents a premium of approximately 27.5% over the public offering price in the concurrent common stock offering described below. The conversion rate and conversion price will be subject to adjustment upon the occurrence of certain events.

    The notes will be redeemable, in whole or in part (subject to certain limitations), for cash at Eos’s option at any time, and from time to time, on or after June 20, 2028 and on or before the 41st scheduled trading day immediately before the maturity date, but only if the last reported sale price per share of Eos’s common stock exceeds 130% of the conversion price for a specified period of time and certain other conditions are satisfied. The redemption price will be equal to the principal amount of the notes to be redeemed, plus accrued and unpaid interest, if any, to, but excluding, the redemption date.

    If a “fundamental change” (as defined in the indenture for the notes) occurs, then, subject to a limited exception, noteholders may require Eos to repurchase their notes for cash. The repurchase price will be equal to (x) 110% (or, if the effective date of such fundamental change is on or after June 15, 2027, 105%) of the principal amount of the notes to be repurchased, plus (y) accrued and unpaid interest, if any, to, but excluding, the applicable repurchase date.

    Eos estimates that the net proceeds from the offering of notes will be $216,000,000 (or $240,000,000 if the initial purchasers fully exercise their option to purchase additional notes), after deducting the initial purchasers’ discounts and commissions. Eos intends to use the net proceeds from this offering, together with the net proceeds from the underwritten public offering of common stock referred to below, if it is consummated, (i) to repurchase the full $126 million aggregate principal amount outstanding of its 5%/6% Convertible Senior PIK Toggle Note due 2026 in a privately negotiated transaction for approximately $131 million; (ii) to prepay $50 million of outstanding borrowings due under its credit agreement, dated June 21, 2024, by and between Eos and CCM Denali Debt Holdings, LP (the “Credit Agreement”); and (iii) for general corporate purposes. Upon the prepayment of $50 million of outstanding borrowings under the Credit Agreement, the PIK interest rate under the Credit Agreement will decrease from 15% to 7% and the financial covenants thereunder will be waived until 2027. CCM Denali Equity Holdings, LP has agreed that upon the consummation of the offering it will not transfer any securities issued to it under the Securities Purchase Agreement, dated June 21, 2024, between the Company and CCM Denali Equity Holdings, LP prior to June 21, 2026.

    In a separate press release, Eos also announced today the pricing of its previously announced underwritten public offering of 18,750,000 shares of its common stock, plus up to an additional 2,812,500 shares of its common stock that the underwriters of the common stock offering have the option to purchase from Eos, at a public offering price of $4.00 per share. The issuance and sale of the common stock are scheduled to settle on June 2, 2025, subject to customary closing conditions. The completion of the offering of the notes is not contingent on the completion of the offering of common stock, and the completion of the offering of common stock is not contingent on the completion of the offering of the notes. This press release does not constitute an offer to sell, or the solicitation of an offer to buy, any common stock in the public offering.

    The offer and sale of the notes and any shares of common stock issuable upon conversion of the notes have not been, and will not be, registered under the Securities Act or any other securities laws, and the notes and any such shares cannot be offered or sold except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and any other applicable securities laws. This press release shall not constitute an offer to sell, or a solicitation of an offer to buy, the notes or any shares of common stock issuable upon conversion of the notes, nor shall there be any sale of the notes or any such shares, in any state or other jurisdiction in which such an offer, solicitation or sale would be unlawful.

    About Eos Energy Enterprises

    Eos Energy Enterprises, Inc. is accelerating the shift to American energy independence with positively ingenious solutions that transform how the world stores power. Our breakthrough Znyth™ aqueous zinc battery was designed to overcome the limitations of conventional lithium-ion technology. It is safe, scalable, efficient, sustainable, manufactured in the U.S., and the core of our innovative systems that today provides utility, industrial, and commercial customers with a proven, reliable energy storage alternative for 3 to 12-hour applications. Eos was founded in 2008 and is headquartered in Edison, New Jersey.

    Forward-Looking Statements

    This press release includes forward-looking statements, including statements regarding the completion of the offering and the expected amount and intended use of the net proceeds. Forward-looking statements represent Eos’s current expectations regarding future events and are subject to known and unknown risks and uncertainties that could cause actual results to differ materially from those implied by the forward-looking statements. Among those risks and uncertainties are market conditions, the satisfaction of the closing conditions related to the offerings and risks relating to Eos’s business, including those described in periodic reports that Eos files from time to time with the SEC. Eos may not consummate the offering described in this press release and, if the offering is consummated, cannot provide any assurances regarding its ability to effectively apply the net proceeds as described above. The forward-looking statements included in this press release speak only as of the date of this press release, and Eos does not undertake to update the statements included in this press release for subsequent developments, except as may be required by law.

    Contacts
    Investors: ir@eose.com
    Media: media@eose.com

    The MIL Network –

  • MIL-OSI Global: How trafficked American guns fuel Mexico’s cartel violence – podcast

    Source: The Conversation – Global Perspectives – By Gemma Ware, Host, The Conversation Weekly Podcast, The Conversation

    More than two thirds of guns recovered at Mexican crime scenes originate in the U.S. For decades, Mexico has struggled with staggering levels of gun violence fueled in large part by weapons trafficked across its northern border.

    Now an investigation published by The Conversation has arrived at a new estimate of the scale of this illicit gun trade between the U.S. and Mexico in 2022: 135,000 guns.

    Investigative journalist Sean Campbell and Topher McDougal, a professor of economic development at the University of San Diego, spent a year combing through multiple databases and court documents and conducting interviews to understand how the flow of guns works.

    Their investigation reveals where in the U.S. the guns are coming from, what impact these American guns are having in Mexico, and how difficult it is for American law enforcement agencies to prosecute those trafficking guns across the border.

    Listen to Campbell and McDougal talk about their investigation on The Conversation Weekly podcast.

    You can read the full investigation here.

    This episode of The Conversation Weekly was written and produced by Mend Mariwany and Gemma Ware. Mixing and sound design by Eloise Stevens and theme music by Neeta Sarl.

    Newsclips in this episode from PBS News, CGTN, France24, ABC 7 and NewsNation.

    Listen to The Conversation Weekly via any of the apps listed above, download it directly via our RSS feed or find out how else to listen here. A transcript of this episode is available on Apple Podcasts.

    Sean Campbell and Topher McDougal 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.

    – ref. How trafficked American guns fuel Mexico’s cartel violence – podcast – https://theconversation.com/how-trafficked-american-guns-fuel-mexicos-cartel-violence-podcast-256746

    MIL OSI – Global Reports –

  • MIL-OSI Economics: Development Asia: Exploring Challenges and Opportunities of PPPs in Health Care

    Source: Asia Development Bank

    A public–private partnership (PPP) is a long-term contract between a private entity and a government entity, for providing a public asset or service. It has emerged as a strategic approach in health care, enabling governments to deliver quality medical services efficiently by leveraging private sector expertise, financial resources, and technological advancements. The public partner is typically responsible for project development and planning, providing access to land and utilities, ensuring regulatory compliance, and conducting contract monitoring. On the other hand, the private partner is typically responsible for design, construction, and infrastructure development, bringing in investment and operational expertise, and driving innovation to enhance service efficiency and quality.

    PPPs help address challenges facing health care systems, such as inadequate infrastructure, workforce shortages, financial constraints, and service delivery gaps, by bridging critical gaps in infrastructure, service delivery, and management.

    Different countries have tailored PPP models to address their unique health care needs. The impact of PPPs is particularly significant in addressing the challenges faced by low- and middle-income countries, where health care access and quality are constrained by financial and human resource limitations. For instance, India has demonstrated significant progress in PPP-based health care service delivery, particularly in areas like super specialty hospital development, dialysis services, diagnostic networks, telemedicine initiatives, and medical institutes. Meanwhile, Uzbekistan is actively exploring PPP models to strengthen its health care infrastructure and service provision, with growing emphasis on leveraging private sector participation in tertiary care, diagnostics, and hospital management. The following case studies highlight key lessons from health care PPPs in India and Uzbekistan, showcasing successful models and practical insights for effective implementation

    Upgradation of district hospitals to medical college and hospitals, Uttar Pradesh, India

    Uttar Pradesh, the most populus state of India, faced a critical shortage of medical professionals and tertiary care facilities, particularly in underserved districts. Of the 39 districts lacking medical colleges, 23 were established with state funding. To further bridge the gap, the government launched the “One District, One Medical College” initiative that involves the upgrading of district hospitals to 16 new medical colleges under a PPP model. Of these facilities, four medical colleges are being developed under state incentive schemes, while the development of three medical colleges (based on Design-Build-Finance-Operate and Transfer PPP Model) is supported through Viability Gap Funding.

    Figure 1: Project Structure Using the Design-Build-Finance-Operate and Transfer Model

    Source: Compiled by the Author Team based on NITI Aayog, Government of India. Public Private Partnership in Medical Education Concession Agreement – Guiding Principles. Guidelines for Financial Support to Public Private Partnerships in Infrastructure Viability Gap Funding Scheme, Project Tender Documents. 
    DH = District Hospital, NMC = National Medical Commission, VGF = Viability Gap Funding.

    Over the next 5 years, the project is expected to

    • improve access to medical education, addressing the shortage of trained professionals; 

    • expand tertiary care services in underserved regions;
    • enhance healthcare infrastructure by adding 6,700 beds;
    • enhance workforce availability by adding 1,600 doctors and more than 10,000 clinical workforce; and
    • provide affordable care by providing free inpatient department beds for underserved patients, free essential medicines for government-supported patients, and free outpatient department-related diagnostics; and ensured affordable rates for other patients.

    NephroPlus Dialysis Project in Uzbekistan

    Uzbekistan faced a severe shortage of dialysis centers, leading to high patient mortality and limited access to treatment, especially in remote areas. Existing facilities were overburdened and patients often had to travel long distances for care. To address this, dialysis services are being implemented through a PPP model across three regions in Uzbekistan (Karakalpakstan, Khorezm, and Tashkent), ensuring high-quality care, advanced technology, and cost-effective treatment for patients with renal diseases. The project follows a Build-Operate-Transfer model with a concession period of 10 years.

    From 2021 to 2025, the project achieved the following:

    • provided over 300,000 treatments across three regions;

    • reduced patient mortality by 40% since May 2021;

    • trained and recruited more than 300 clinical nurses and doctors through the NephroPlus Academy;

    • enabled a total savings of $9.8 million for the government; and

    • reduced by 15% country-level Hepatitis C patient count.

    MIL OSI Economics –