Category: Finance

MIL-OSI Russia: Orders from US buyers rise significantly after China-US trade talks: Chinese Foreign Ministry spokesman

Translation. Region: Russian Federal

Source: People’s Republic of China in Russian – People’s Republic of China in Russian –

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

BEIJING, May 28 (Xinhua) — Since China and the United States held economic and trade talks in Geneva earlier this month, trade tensions between the two countries have eased, orders from U.S. buyers have increased significantly and shipping services are operating at full capacity, Foreign Ministry spokesperson Mao Ning said Wednesday.

“This fully reflects the major mutual needs of each side,” Mao Ning said at a regular departmental press conference.

Mao Ning’s statement followed comments made by Michael Hart, president of the American Chamber of Commerce in China, at the Global Trade and Investment Promotion Summit in Beijing last week, in which Hart noted that China is both an important market for American goods and an important supplier of goods to the United States.

The essence of China-US trade and economic relations is mutual benefit and win-win, Mao Ning said, adding that trade and economic cooperation between the world’s two largest economies has brought tangible benefits to enterprises and consumers in both countries.

Protectionism leads nowhere, Mao Ning continued, saying that China welcomes foreign enterprises, including American ones, to develop their businesses in China, deepen mutual cooperation, and jointly create favorable opportunities for a bright future. -0-

MIL OSI Russia News –

May 29, 2025
MIL-OSI Russia: China to issue new local government bonds worth about 1.5 trillion yuan in January-April 2025

Translation. Region: Russian Federal

Source: People’s Republic of China in Russian – People’s Republic of China in Russian –

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

BEIJING, May 28 (Xinhua) — Local governments across China issued new bonds worth about 1.49 trillion yuan (about 207.63 billion U.S. dollars) in the first four months of this year, data released by the Ministry of Finance showed Wednesday.

The volume of targeted bonds issued amounted to over 1.19 trillion yuan, while ordinary bonds amounted to 302.3 billion yuan.

As of the end of April, the remaining debt obligations of local governments across the country amounted to about 50.69 trillion yuan, according to data from the aforementioned department.

China plans to take more proactive financial policies this year to support sustainable economic and social development. According to the government work report released this year, the country plans to issue 4.4 trillion yuan of local government bonds this year, up 500 billion yuan from the previous year. -0-

MIL OSI Russia News –

May 29, 2025
MIL-OSI: ROTH Announces the Addition of Kyle Bauser, Ph.D. to its Healthcare Research Team

Source: GlobeNewswire (MIL-OSI)

NEWPORT BEACH, Calif., May 28, 2025 (GLOBE NEWSWIRE) — via IBN – Roth Capital Partners (“ROTH”), www.roth.com, today announced Kyle Bauser, Ph.D., as Managing Director, Senior Research Analyst. Dr. Bauser has joined the firm’s healthcare research team, covering the medical technology sector. He has over a decade of MedTech experience across equity research and industry.

Dr. Bauser began his career in MedTech equity research over 12 years ago at Piper Sandler. He later worked in marketing and corporate development at Vascular Solutions before returning to research at Dougherty & Co, where he became Managing Director and Co-Head of Equity Capital Markets. His research primarily focuses on small- to mid-cap and underfollowed companies with novel technologies. He studied Mathematical Economics and Pre-Med at Colorado College as an undergraduate and earned a Ph.D. in Economics from the City University of New York Graduate Center.

Jeff Martin, CFA, Co-Director of Research & Senior Research Analyst at ROTH, commented, “I’m pleased to welcome Kyle to our healthcare research team. I am confident his strong research background and understanding of equity markets in MedTech will serve our clients well.”

“We are committed to expanding our research department across industries and market caps”, said Sagar Sheth, CEO of ROTH. “I’m confident that Kyle’s expertise will provide valuable insights for our clients and help expand our healthcare practice.”

Dr. Bauser noted, “I am thrilled to be joining the impressive ROTH platform, which has a full suite of offerings dedicated to small-cap growth companies. I look forward to collaborating with the team and utilizing my diverse set of experiences to identify unique MedTech opportunities for our clients.”

Since 2010, ROTH has been involved in over 600 transactions for its healthcare clients, with a total transaction value of over $25 Billion. (Source: ROTH 05.21.25)

About ROTH:
ROTH is a relationship-driven investment bank focused on serving growth companies and their investors. Our full-service platform provides capital raising, high impact equity research, macroeconomics, sales and trading, technical insights, derivatives strategies, M&A advisory, and corporate access. Headquartered in Newport Beach, California, Roth is a privately held, employee-owned organization and maintains offices throughout the U.S. For more information on Roth, please visit www.roth.com.

Investor Contact
ROTH
Isabel Mattson-Pain
Managing Director, Chief Marketing Officer
imattson-pain@roth.com | 949.720.7117
ROTH – Member FINRA/SIPC – www.roth.com

Wire Service Contact:
IBN
Austin, Texas
www.InvestorBrandNetwork.com
512.354.7000 Office
Editor@InvestorBrandNetwork.com

The MIL Network –

May 29, 2025
MIL-OSI Africa: Major progress in addressing Emfuleni water and sanitation challenges

Source: South Africa News Agency

The Emfuleni Local Municipality is making substantial strides in resolving its long-standing water and sanitation challenges, following decisive intervention by the Department of Water and Sanitation.

The Vaal River System and surrounding communities have for years suffered from the persistent problem of severe sewage pollution and spillages.

Despite several interventions by the Ekurhuleni Water Care Company (ERWAT) and the South African National Defence Force, the problem persisted.

In response, the Department of Water and Sanitation invoked Section 63 of the Water Services Act in 2021, and appointed Rand Water as its implementing agent, to address the situation.

According to the department, the intervention has already achieved significant milestones. These include unblocking and replacing collapsed sewer lines; refurbishment of pumpstations and existing wastewater treatment works; and assisting the municipality with essential operational tools of trade, including vehicles, and security.

The department said the remaining work is now on upgrading the capacity of existing Waste Water Treatment Works (WWTW), which are currently struggling to handle the increased amount of sewage due to population growth over the recent decades.

The department attributed the progress to strong intergovernmental relations, including Gauteng Provincial Government, Rand Water and Emfuleni Local Municipality.

The total estimated cost of the intervention is R7.6 billion over a seven-year period, including completion of the major capital works.

The department highlighted that the scope of work will include the upgrades of four WWTW, which will require 3-5 years to complete, based on the engineer’s estimation of the work.

The scope of work includes upgrading four wastewater treatment facilities, Rietspruit, Leeukuil, Sebokeng, and Meyerton, an effort estimated to take three to five years to complete.

Rand Water has been assisting the municipality through staff training and procurement of vehicles and equipment to carry out maintenance work, among others.

The refurbishment of four pump stations has also been completed and are now fully functional. The replacement of 50 collapsed sewer lines have also been completed.

“As part of this work, two major projects were completed to replace and upgrade the main sewer pipeline from Rothdene pump station to Meyerton Waste Water Treatment Works, as well to replace the main sewer pipeline from pumpstation eight to pumpstation two.

“In addition, a third project to replace the rising main sewer pipeline from pumpstation two to Leeukruil Waste Water Treatment Works, is 90% complete. Due to these interventions, the incidents of sewage spillages into the community in Emfuleni have reduced markedly,” the department said.

According to the department, this has resulted in an improvement in the quality of the effluent from the Waste Water Treatment Works into the Vaal River.

However, the department noted that this improvement is limited by the fact that the existing WWTW remain overloaded, and the problem will only be fully addressed, once the capacity of the treatment works is upgraded.

The department said it is hard at work to increase the capacity of waste water treatment works, noting that the capacity of Sebokeng Waste Water Treatment Works has been increased by 50 ML per day to 150 ML per day.

Designs have been completed for a further 50 ML upgrade of Sebokeng Waste Water Treatment Works.

“Designs for the Rietspruit Waste Water Treatment Works (current capacity 36 ML per day), have been completed to increase the capacity of the WWTW by 50 ML/day. The contractor is currently on-site, [and] designs have been completed to increase the capacity of the Leeukuil Waste Water Treatment Works by 15 ML/day from the current capacity of 36 ML per day,” the department said, adding that work is expected to start anytime.”

Work is still underway to increase the current capacity of the Meyerton Waste Water Treatment Works, from 10ML per day to 25 ML/day.

As part of our overall intervention, a Special Purpose Vehicle (SPV) is being established to serve as a dedicated Water Service Provider (WSP) In the municipality.

The establishment of the SPV aims to create a professionally managed, dedicated utility with full responsibility and accountability for the provision of water and sanitation services in Emfuleni.

Discussions between the department, Emfuleni Local Municipality and Rand Water, are currently underway with National Treasury to obtain the necessary Public Finance Management Act (PFMA) and Municipal Finance Management Act (MFMA) approvals for its establishment.

“The department is satisfied that these interventions are delivering the desired results. We can boldly state, without any fear of contradiction, that, as a result of Minister’s decisive intervention, incidents of sewage spillages into the community in Emfuleni have been drastically reduced.

“Ongoing upgrading of the capacity of Waste Water Treatment Works is necessary to ensure that the problem is completely eliminated. The department will continue to fund Rand Water to complete the upgrades of the three Waste Water Treatment Works,” the department said.

To maintain momentum, the department believes that focused attention and energy must be directed towards fighting vandalism and theft of infrastructure and addressing the scourge of non-revenue water.

The department also acknowledged the positive role that communities and other sectors, through the political steering committee, continue to play as we intensify efforts to address the water and sewage challenges in the area. – SAnews.gov.za

MIL OSI Africa –

May 29, 2025
MIL-OSI Africa: RAF CEO placed on special leave

Source: South Africa News Agency

Wednesday, May 28, 2025

Chief Executive Officer of the Road Accident Fund (RAF), Collins Letsoalo, has been placed on special leave with immediate effect.

In a statement, the Department of Transport said that Deputy Minister Mkhuleko Hlengwa, as the delegated shareholder representative was informed by the board of the RAF of Letsoalo’s special leave.

The decision was made at a special meeting on Tuesday, 27 May.

“The CEO will be on special leave until the conclusion of the relevant investigations by the Special Investigations Unit (SIU), or such earlier date as the board may determine. The board has indicated that this is a precautionary measure and does not constitute disciplinary action or presumption of guilt,” said the department on Wednesday.

According to the statement, the decision was taken solely in the interest of good governance and as a precautionary step to facilitate ongoing investigative processes.

“It does not imply any prejudgment or adverse finding against the CEO. In making this decision, it must be noted that the board exercised its fiduciary duties in terms of the Road Accident Fund Act, 56 of 1996, the Public Finance Management Act, 1 of 1999, and in alignment with the principles of good governance as set out in King IV.”

Meanwhile, Phathutshedzo Lukhwareni will serve as the Acting Chief Executive Officer to ensure continuity of operations.

The Deputy Minister has directed that this matter be placed on the agenda for the board meeting he has called for 09 June 2025. –SAnews.gov.za

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MIL OSI Africa –

May 29, 2025
MIL-OSI: WSO2 Acquires Leading API Analytics and Monetization Startup Moesif

Source: GlobeNewswire (MIL-OSI)

Austin, TX , May 28, 2025 (GLOBE NEWSWIRE) — WSO2, the leader in enterprise digital infrastructure technology, today announced it has acquired Moesif, a San Francisco-based startup specializing in advanced API analytics and monetization. The all-cash acquisition marks a strategic milestone in WSO2’s long-term plan to accelerate global growth through targeted inorganic opportunities.

As part of the agreement, Moesif will operate as an independent subsidiary under WSO2’s API Management Business Unit. The Moesif brand and current product offering will be retained, and its leadership along with its team will continue to drive existing business and expand customer growth globally. Moesif customers will continue receiving the same level of service and support, while benefiting from WSO2’s global presence and expanded product offerings. Moesif’s advanced API analytics and monetization capabilities will also be integrated into WSO2’s product portfolio, bringing enhanced value to existing and future customers.

“This acquisition is a first step in our strategy to establish WSO2 as a global technology leader through select inorganic opportunities,” said Dr. Sanjiva Weerawarana, founder and CEO of WSO2. “Moesif brings market-leading capabilities in API analytics and monetization, areas that are increasingly critical to digital businesses today. This is just the beginning—we’re committed to exploring further opportunities that align with our long-term goal to help enterprises deliver seamless, high-impact digital experiences.”

The acquisition enhances WSO2’s positioning in the API management space by adding best-in-class analytics and monetization tools that help businesses optimize, measure, and generate revenue from their APIs. Moesif’s offerings will complement WSO2’s comprehensive API management platform, creating a synergy that benefits both customer bases.

“Joining WSO2 is a natural next step in Moesif’s journey,” said Derric Gilling, founder and CEO of Moesif. “We share a deep commitment to empowering developers and businesses to build powerful digital experiences. As part of WSO2, we’ll continue to innovate rapidly, serve our customers with excellence, and now reach an even broader global audience.”

WSO2 customers will start gaining access to Moesif’s capabilities as part of an enhanced product suite, while Moesif customers will benefit from WSO2’s global support infrastructure and expanded services.

About WSO2
Founded in 2005, WSO2 is the largest independent software vendor providing open-source API management, integration, and identity and access management (IAM) to thousands of enterprises in over 90 countries. WSO2’s products and platforms—including our next-gen internal developer platform, Choreo—empower organizations to leverage the full potential of artificial intelligence and APIs for securely delivering the next generation of AI-enabled digital services and applications. Our open-source, AI-driven, API-first approach frees developers and architects from vendor lock-in and enables rapid digital product creation. Recognized as leaders by industry analysts, WSO2 has more than 800 employees worldwide with offices in Australia, Brazil, Germany, India, Sri Lanka, the UAE, the UK, and the US, with over USD100M in annual recurring revenue. Visit https://wso2.com to learn more. Follow WSO2 on LinkedIn and X (Twitter).

About Moesif
Moesif is the leading AI-driven API analytics and monetization platform that helps companies build better developer experiences, monitor API usage, and drive revenue. With powerful tools for observability, governance, and product-led growth, Moesif empowers engineering and product teams to optimize APIs as a business channel. Moesif serves customers across many industries including logistics, fintech, and enterprise software including leading enterprises like UPS, Covetrus, and UK Royal Mail. Moesif was founded in 2017 and is based in San Francisco, US. Investors include Craft Ventures, Merus Capital, Heavybit, and Fresco. Visit www.moesif.com to learn more.

Trademarks and registered trademarks are the properties of their respective owners.

The MIL Network –

May 29, 2025
MIL-OSI: Charli Capital Revolutionizes Private Equity Investing with Smart Deal Finder, Offers Access to Over 2 Million Private and Public Companies
Source: GlobeNewswire (MIL-OSI)

NEW YORK, May 28, 2025 (GLOBE NEWSWIRE) — Charli Capital, the force behind the proprietary Multidimensional AI™, is excited to unveil its latest breakthrough: Smart Deal Finder—a game-changing tool designed to reshape how investors, analysts, and financial leaders identify and evaluate opportunities across public and private markets. From venture capitalists to CFOs and CEOs, Smart Deal Finder delivers powerful insights not only to guide investment decisions but also to benchmark performance, track market sentiment, and understand how companies stack up against competitors in real time.

Smart Deal Finder introduces a frictionless, intelligent experience for surfacing investment-grade companies—without the need for complex filters, tedious prompts, or keyword gymnastics. With a single, intuitive query, users can instantly identify businesses that align with their investment strategies, accessing detailed insights that have traditionally been out of reach.

“We’re simplifying the future of deal discovery,” said Kevin Collins, CEO of Charli Capital. “With Smart Deal Finder, users get a data-rich, analyst-quality experience—without needing a team of researchers. This is about empowering every investor to discover the overlooked, the emerging, and the exceptional—with speed and confidence.”

What Makes Smart Deal Finder a Game-Changer?

Charli’s signature interface now offers a “Shopify-like” marketplace for investments, where investors can explore and purchase detailed scorecards and deep-dive reports in seconds. It’s all powered by the trusted depth of Charli’s Multidimensional AI™, known for its unmatched accuracy across more than 2 million companies.

Built for Everyone—from Private Investors to Institutional Analysts to C-Suite Executives
- Instant Access, No Commitment
  Explore high-potential deals with no subscription required. Simply log in, search, and evaluate—when and how you want.
- Actionable, Qualified Deal Flow
  Gain access to real-time insights across 2 M+ companies—including financials, sentiment analysis, and investment-grade indicators to validate every opportunity.
- Ask. Discover. Invest.
  Use natural language to find exactly what you’re looking for. Charli interprets your investment goals and uncovers deals that match—no technical filters required.
- Built for How You Work
  From desktop to mobile, the experience is fast, interactive, and built for decision-making. Add companies to watchlists, purchase insights, and download reports—all in a few clicks.
- Enterprise-Ready Intelligence
  For enterprise clients, Smart Deal Finder integrates directly into your internal platforms, giving teams and clients the power of Charli’s investment intelligence under your own brand.
A New Era for Investment Discovery

Whether you’re looking to spot rising stars in emerging markets or validate targets across fragmented private equity landscapes, Smart Deal Finder removes the guesswork and delivers clarity. It’s investment intelligence—on demand.

Try the Smart Deal Finder today by visiting www.charliai.com

About Charli Capital
Charli Capital is redefining the future of private investing with a first-of-its-kind dual-sided network, powered by Charli’s multidimensional AI. Our platform empowers investors to uncover hidden opportunities, access high-quality deal flow, and engage in a new era of data-driven, intelligent capital allocation. Charli Capital is where next-generation investment decisions begin.

For media inquiries, please contact:

Fatema Bhabrawala
Director of Media Relations
fbhabrawala@allianceadvisors.com

The MIL Network –
May 29, 2025
MIL-OSI: Gevo to Sell Luverne, Minnesota Ethanol Facility to A.E. Innovation; Will Retain Isobutanol Assets for Future Innovation

Source: GlobeNewswire (MIL-OSI)

ENGLEWOOD, Colo., May 28, 2025 (GLOBE NEWSWIRE) — Gevo, Inc. (NASDAQ: GEVO) is pleased to announce that it has entered into a definitive agreement to sell Agri-Energy, LLC (“Agri”), a wholly owned subsidiary of Gevo, to A.E. Innovation, LLC (“A.E.”) for $7 million. The transaction includes Agri’s 18-million-gallon-per-year ethanol-production facility located in Luverne, Minnesota. Gevo will retain ownership of certain isobutanol-production-related assets and a portion of the vacant land at the site for future use. With these retained assets, Gevo could potentially produce up to 1 million gallons per year of isobutanol, which can be sold as a specialty chemical, or converted into isooctane and jet fuel.

A.E., an agriculture-oriented buyer group located in Minnesota, will acquire the ethanol plant and a portion of the land with the intent to restart ethanol production, which has been idled since 2022. A.E. also intends to make the site available for other companies to scale up new technologies and ideas as an innovation hub.

“We’re seeing rapid innovation in the direction of bio-based fuels and chemicals and Agri-Energy has the demonstrated history that it can work on the cutting edge,” says Dave Kolsrud, principal of A.E. Innovation, LLC. “We see Gevo and others making strides and we know we’ll be a part of that. We are excited to host the next generation of biofuel innovations that need a friendly, practical place where they can scale them up. That’s Luverne, with its history of innovation, its low-carbon corn supply, wind power, and great people.”

Over the last several years, the Luverne plant, in conjunction with local farmers, has been used as a demonstration site for educating Gevo’s stakeholders about regenerative agriculture and the versatility of corn and its co-products, as well as biofuel production, including synthetic aviation fuel (“SAF”), isobutanol, and ethanol. Gevo and A.E. look forward to continuing and expanding upon this valuable stakeholder outreach.

“We see tremendous potential for future growth and new partnerships with A.E. Innovation,” says Patrick Gruber, CEO of Gevo. “Minnesota’s farming communities, especially in places like Luverne, are leading the way with smart, sustainable agricultural practices. We believe it’s the perfect foundation for building innovative solutions in carbohydrate-based energy and chemicals that the world urgently needs.”

Gevo notes that the sale of Agri-Energy to A.E. Innovation provides $2 million of cash upon closing and an additional $5 million of future cash under the purchase agreement, along with an estimated annual savings of approximately $3 million per year of current facility idling costs. Gevo also anticipates potential future benefits from isobutanol fermentation through a side-by-side operational model with the ethanol assets. Restarting ethanol production is expected to bring positive impacts to the City of Luverne, including support for local farmers and strengthening the regional economy.

The transaction is expected to close by the end of 2025, subject to the procurement of financing by A.E. and the satisfaction of other customary closing conditions.

About Gevo
Gevo is a next-generation diversified energy company committed to fueling America’s future with cost-effective, drop-in fuels that contribute to energy security, abate carbon, and strengthen rural communities to drive economic growth. Gevo’s innovative technology can be used to make a variety of renewable products, including SAF, motor fuels, chemicals, and other materials that provide U.S.-made solutions. By investing in the backbone of rural America, Gevo’s business model includes developing, financing, and operating production facilities that create jobs and revitalize communities. Gevo owns and operates one of the largest dairy-based renewable natural gas (“RNG”) facilities in the United States, turning by-products into clean, reliable energy. Gevo also operates an ethanol plant with an adjacent carbon capture and sequestration (“CCS”) facility, further solidifying America’s leadership in energy innovation. Additionally, Gevo owns the world’s first production facility for specialty alcohol-to-jet (“ATJ”) fuels and chemicals. Gevo’s market-driven “pay for performance” approach regarding carbon and other sustainability attributes, helps ensure value is delivered to our local economy. Through its Verity subsidiary, Gevo provides transparency, accountability, and efficiency in tracking, measuring and verifying various attributes throughout the supply chain. By strengthening rural economies, Gevo is working to secure a self-sufficient future and to make sure value is brought to the market.

For more information, see www.gevo.com.

About A.E. Innovation, LLC
A.E. Innovation, LLC, is an agriculture-oriented buyer group located in Minnesota founded to purchase the ethanol-production assets of Agri-Energy, LLC, with the intent of operating the plant as an innovation facility providing companies with the opportunity to certify that new technologies can transition from laboratory or bench-top status to full production-level performance using locally sourced, regeneratively grown corn as a feedstock. For more information regarding innovation opportunities at the Luverne, MN facility, contact David Kolsrud (507-920-5348) email: david@dakrenewableenergy.com or Dan Heard (605-929-2047) email: dan@dakrenewableenergy.com.

Forward Looking Statements
This release contains “forward-looking statements” within the meaning of the federal securities laws. All statements other than statements of historical fact are forward-looking statements, including statements related to the expected closing of the acquisition or the timing thereof, and future plans for the assets. These statements relate to analyses and other information, which are based on forecasts of future results or events and estimates of amounts not yet determinable. We claim the protection of The Private Securities Litigation Reform Act of 1995 for all forward-looking statements in this release.

These forward-looking statements are identified by the use of terms and phrases such as “anticipate,” “assume,” “believe,” “estimate,” “expect,” “goal,” “intend,” “plan,” “potential,” “predict,” “project,” “target” and similar terms and phrases or future or conditional verbs such as “could,” “may,” “should,” “will,” and “would.” However, these words are not the exclusive means of identifying such statements. Although we believe that our plans, intentions and other expectations reflected in or suggested by such forward-looking statements are reasonable, we cannot assure you that we will achieve those plans, intentions or expectations. All forward-looking statements are subject to risks and uncertainties that may cause actual results or events to differ materially from those that we expected.

Important factors that could cause actual results or events to differ materially from our expectations, or cautionary statements, include among others, failure to satisfy any conditions to the closing of the transaction in a timely manner or at all; the occurrence of any event that could give rise to termination of the definitive agreement, including the inability to obtain financing; changes in legislation or government regulations affecting the proposed transaction or the parties; and other risk factors or uncertainties identified from time to time in Gevo’s filings with the US Securities and Exchange Commission (“SEC”). All written and oral forward-looking statements attributable to us, or persons acting on our behalf, are expressly qualified in their entirety by the cautionary statements identified above and in the section entitled “Risk Factors” and elsewhere in our Annual Report on Form 10-K for the year ended December 31, 2024 as well as other cautionary statements that are made from time to time in our other SEC filings and public communications. You should evaluate all forward-looking statements made in this release in the context of these risks and uncertainties.

We caution you that the important factors referenced above may not reflect all of the factors that could cause actual results or events to differ from our expectations. In addition, we cannot assure you that we will realize the results or developments we expect or anticipate or, even if substantially realized, that they will result in the consequences or affect us or our operations in the way we expect. The forward-looking statements included in this release are made only as of the date hereof. We undertake no obligation to publicly update or revise any forward-looking statement as a result of new information, future events or otherwise, except as otherwise required by law.

Media Contact
Heather L. Manuel
VP, Stakeholder Engagement & Partnerships
PR@gevo.com

IR Contact
Eric Frey
VP, Finance & Strategy
IR@Gevo.com

The MIL Network –

May 29, 2025
MIL-OSI: Atomic Canyon Raises $7M led by Energy Impact Partners to bring AI-Powered Innovation to Nuclear Energy

Source: GlobeNewswire (MIL-OSI)

SAN LUIS OBISPO, Calif., May 28, 2025 (GLOBE NEWSWIRE) — Atomic Canyon, the developer of the Artificial Intelligence (AI)-powered search and generative AI tools for the nuclear power industry, today announced it has raised $7 million to accelerate deployments across the country.

The seed round was led by the Elevate Future Fund from Energy Impact Partners (EIP), with participation from Commonweal Ventures, Plug and Play Ventures, Wischoff Ventures, Tower Research Ventures, and previous angel investors. As part of the investment, Jenny Gao, a Vice President of Energy Impact Partners, will join the Atomic Canyon board of directors.

Atomic Canyon’s flagship product, Neutron Enterprise, addresses a challenge in the nuclear industry. By securely connecting to internal data sources at nuclear power plants and external authoritative technical and regulatory data sources, it provides AI-powered search and generative AI capabilities across vast repositories of technical documentation.

The platform is being rolled out at PG&E’s Diablo Canyon Power Plant in Avila Beach, California, where it is transforming how staff access and use the plant’s estimated two billion pages of documents. Initial work shows that Neutron Enterprise reduces document search time from hours to seconds, enabling more strategic use of expert resources while improving regulatory compliance and operational efficiency.

“Our Neutron Enterprise installation at Diablo Canyon demonstrates the transformative power of AI in nuclear operations,” said Trey Lauderdale, CEO of Atomic Canyon. “Nuclear plants deal with enormous volumes of documentation required for regulatory compliance and safe operations. Where plant staff previously spent up to eight hours gathering documentation before starting critical work, our technology allows them to find the exact documents they need in seconds, dramatically increasing productivity while maintaining the highest standards of safety and compliance. For a typical nuclear facility, this translates to thousands of engineering hours redirected to higher-value activities monthly, enhancing overall operational excellence and allowing skilled professionals to focus on the most critical aspects of plant reliability.”

Neutron Enterprise leverages FERMI, Atomic Canyon’s family of AI models, which are specifically trained on nuclear terminology. These models were developed in partnership with Oak Ridge National Laboratory, using their Frontier supercomputer, the world’s first to achieve exascale computing. The platform integrates with multiple data sources at nuclear facilities, including record management and work management systems, while maintaining strict role-based access controls to ensure data security.

“Energy Impact Partners is committed to investing in technologies that can help solve our global energy challenges, and nuclear power is an essential part of that solution,” said Jenny Gao, Vice President at Energy Impact Partners. “Atomic Canyon’s innovative use of AI represents an advancement in information access and analysis in the nuclear sector. As the global demand for nuclear energy grows, innovative technologies like Neutron Enterprise at Diablo Canyon create a compelling opportunity to enhance productivity, yield substantial cost savings and make nuclear power more competitive in our energy mix.”

The new funding will be used to expand Atomic Canyon’s team, enhance the Neutron platform, and develop additional integrations with third-party data sources and AI tools for next-generation nuclear technologies. These partnerships will further strengthen Neutron’s ability to help nuclear power professionals find and generate relevant information across internal and external sources.

“This investment presents an exciting opportunity to have AI solve the very energy challenges that AI is creating,” added Lauderdale. “The computational demands of artificial intelligence are driving unprecedented electricity consumption, with estimates suggesting data centers could consume 20% of global electricity by 2030. By streamlining information access and knowledge management, we’re making nuclear power more attractive and accessible as a reliable energy source capable of meeting this growing demand for true, clean, energy independence.”

With the funding, Atomic Canyon also announced its board of advisors including: Juliann Edwards, the Chief Development Officer of The Nuclear Company and the chair of U.S. Women in Nuclear; Bud Albright, the former Chair and CEO of the United States Nuclear Industry Council; David Nelson, former CIO of the Nuclear Regulatory Commission and Jon Guidroz, SVP of the small modular reactor technology developer Aalo Atomics and former Senior Strategy Officer and Senior Director of Energy and Resources at Microsoft.

For more information about Atomic Canyon and the Neutron platform, visit www.atomic-canyon.com.

About Atomic Canyon:
Atomic Canyon is transforming the nuclear energy sector with AI-powered solutions that streamline operations, enhance efficiency, and support regulatory compliance. Neutron Enterprise, which leverages FERMI AI models that are specifically trained on nuclear terminology, is currently in use at PG&E’s Diablo Canyon Power Plant as the only dedicated AI platform for document search, retrieval, augmented generation, and knowledge management, establishing a new standard for precision, efficiency, and data management. These models were developed in collaboration with Oak Ridge National Laboratory, utilizing Frontier, the world’s fastest supercomputer, along with the Nuclear Regulatory Commission’s (NRC’s) ADAMS database.

About Energy Impact Partners

Energy Impact Partners LP (EIP) is a global energy technology investor with a proprietary model designed to drive innovation. EIP brings together entrepreneurs and some of the world’s most forward-thinking energy and industrial companies to advance innovation for a better energy future. Investing in venture, growth/private equity and credit, EIP seeks attractive risk-adjusted returns for its investors by leveraging its differentiated strategy and industrial ecosystem. With over 80 corporate partners and over $4.5 billion in assets under management, EIP invests globally with over 100 professionals based in its offices in New York, San Francisco, Washington D.C., Atlanta, Palm Beach, London, Cologne and Oslo. For more information on EIP, please visit www.energyimpactpartners.com

Press Contact: atomiccanyon@launchsquad.com

The MIL Network –

May 29, 2025
MIL-OSI: Upexi, Inc. Buys Additional Locked SOL at a Discount for $11.8 million

Source: GlobeNewswire (MIL-OSI)

Purchases 77,879 locked SOL for $11.8 million

Upexi now has 679,677 SOL, valued at $121.2 million at the current price of $178.26¹

TAMPA, Fla., May 28, 2025 (GLOBE NEWSWIRE) — Upexi, Inc. (NASDAQ: UPXI), a brand owner specializing in the development, manufacturing, and distribution of consumer products with diversification into the cryptocurrency space, today announced it purchased 77,879 locked SOL at $151.50 each for a total of $11.8 million. At the current $178.26 price of SOL, this represents a $2.1 million, or 17.7%, built-in gain for investors.

Upexi now holds 679,677 SOL, acquired for $96.5 million and valued at $121.2 million, for a gain of $24.5 million inclusive of both SOL appreciation and the discount. 58% of Upexi’s SOL is locked and was purchased at a discount.

Allan Marshall, CEO of Upexi, commented, “Our recent purchase both provides investors access to discounted locked Solana that they may not otherwise have, while also effectively doubling the staking yield in a safe and prudent manner. We remain laser-focused on acquiring and HODLing as much SOL as possible for the benefit of our shareholders.”

¹Spot price of $178.26 at 5:00 pm EST on May 27, 2025.

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

Forward Looking Statements
This news release contains “forward-looking statements” as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations, or intentions regarding the future. For example, the Company is using forward looking statements when it discusses the anticipated use of proceeds. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with business strategy, potential acquisitions, revenue guidance, product development, integration, and synergies of acquiring companies and personnel. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward- looking statements. Although we believe that the beliefs, plans, expectations, and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-K and other periodic reports filed from time-to-time with the Securities and Exchange Commission.

Company Contact
Brian Rudick, Chief Strategy Officer
Email:brian.rudick@upexi.com
Phone: (216) 347-0473

Investor Relations Contact
KCSA Strategic Communications
Valter Pinto, Managing Director
Email: Upexi@KCSA.com
Phone: (212) 896-1254

The MIL Network –

May 29, 2025

MIL-OSI: Correction: NBPE – April Monthly Net Asset Value Estimate

Source: GlobeNewswire (MIL-OSI)

HEADLINE ALTERATION

The headline for NB Private Equity Partners announcement released on 28/05/2025 at 07.00 am should read – NBPE – April Monthly Net Assety Value Estimate

The announcement text is unchanged and is reproduced in full below.

NBPE Announces April Monthly NAV Estimate

St Peter Port, Guernsey 28 May 2025

NB Private Equity Partners (NBPE), the $1.2bn¹, FTSE 250, listed private equity investment company managed by Neuberger Berman, today announces its 30 April 2025 monthly NAV estimate.

NAV Highlights (30 April 2025)

NAV per share was $27.29 (£20.43), a total return of 0.4% in the month
Approximately 62% of fair value based on private company valuation information as of Q1 2025 or based on 30 April 2025 quoted prices
Based on information received so far, private company valuations increased fair value by 0.4% during Q1 2025 on a constant currency basis
NBPE expects to receive additional updated Q1 2025 financial information which will be incorporated in future monthly NAV updates
$307 million of available liquidity at 30 April 2025
~151k shares repurchased during April 2025 at a weighted average discount of 33% which were accretive to NAV by ~$0.02 per share. Year to date, NBPE has repurchased ~680k shares at a weighted average discount of 29% which were accretive to NAV by ~$0.10 per share

As of 30 April 2025	Year to Date	One Year	3 years	5 years	10 years
NAV TR (USD)* Annualised	0.8%	3.4%	4.1% 1.4%	87.7% 13.4%	160.7% 10.1%
MSCI World TR (USD)* Annualised	(0.8%)	12.6%	39.0% 11.6%	96.6% 14.5%	157.2% 9.9%

Share price TR (GBP)* Annualised	(8.0%)	(8.9%)	3.6% 1.2%	99.0% 14.7%	189.5% 11.2%
FTSE All-Share TR (GBP)* Annualised	4.3%	7.5%	22.6% 7.0%	67.9% 10.9%	75.9% 5.8%

* All NBPE performance figures assume re-investment of dividends on the ex-dividend date and reflect cumulative returns over the relevant time periods shown. Three-year, five-year and ten-year annualised returns are presented for USD NAV, MSCI World (USD), GBP Share Price and FTSE All-Share (GBP) Total Returns.

Portfolio Update to 30 April 2025

NAV performance during the month driven by:

1.1% NAV increase ($13 million) attributable to changes in foreign exchange
0.9% NAV decrease ($10 million) attributable to changes in prices of quoted holdings (which now constitute 5% of portfolio fair value)
0.3% NAV increase ($4 million) from the value of private holdings
0.2% NAV decrease ($3 million) attributable to expense accruals

$53 million of realisations in 2025 year to date

$6 million of proceeds received during the month of April, consisting primarily of full and partial realisations of GFL, Corona Industrials and Inflection Energy

$307 million of total liquidity at 30 April 2025

$97 million of cash and liquid investments with $210 million of undrawn credit line available

2025 Share Buybacks

~151k shares repurchased in April 2025 at a weighted average discount of 33%; buybacks were accretive to NAV by ~$0.02 per share
Year to date, NBPE has repurchased ~680k shares at a weighted average discount of 29% which were accretive to NAV by ~$0.10 per share

Portfolio Valuation

The fair value of NBPE’s portfolio as of 30 April 2025 was based on the following information:

5% of the portfolio was valued as of 30 April 2025
- 5% in public securities
57% of the portfolio was valued as of 31 March 2025
- 57% in private direct investments
38% of the portfolio was valued as of 31 December 2024
- 38% in private direct investments

For further information, please contact:

NBPE Investor Relations +44 (0) 20 3214 9002
Luke Mason NBPrivateMarketsIR@nb.com

Kaso Legg Communications +44 (0)20 3882 6644

Charles Gorman nbpe@kl-communications.com
Luke Dampier
Charlotte Francis

Supplementary Information (as at 30 April 2025)

Company Name	Vintage	Lead Sponsor	Sector	Fair Value ($m)		% of FV
Action	2020	3i	Consumer		83.9		6.6%
Osaic	2019	Reverence Capital	Financial Services		66.9		5.3%
Solenis	2021	Platinum Equity	Industrials		59.8		4.7%
BeyondTrust	2018	Francisco Partners	Technology / IT		47.7		3.8%
Monroe Engineering	2021	AEA Investors	Industrials		44.7		3.5%
Business Services Company*	2017	Not Disclosed	Business Services		40.1		3.2%
Branded Cities Network	2017	Shamrock Capital	Communications / Media		38.9		3.1%
True Potential	2022	Cinven	Financial Services		35.2		2.8%
Mariner	2024	Leonard Green & Partners	Financial Services		33.7		2.7%
FDH Aero	2024	Audax Group	Industrials		32.9		2.6%
Marquee Brands	2014	Neuberger Berman	Consumer		31.4		2.5%
GFL (NYSE: GFL)	2018	BC Partners	Business Services		30.6		2.4%
Staples	2017	Sycamore Partners	Business Services		29.6		2.3%
Auctane	2021	Thoma Bravo	Technology / IT		29.1		2.3%
Fortna	2017	THL	Industrials		28.7		2.3%
Viant	2018	JLL Partners	Healthcare		27.3		2.2%
Stubhub	2020	Neuberger Berman	Consumer		26.4		2.1%
Engineering	2020	NB Renaissance / Bain Capital	Technology / IT		26.3		2.1%
Benecon	2024	TA Associates	Healthcare		25.5		2.0%
Agiliti	2019	THL	Healthcare		25.3		2.0%
Kroll	2020	Further Global / Stone Point	Financial Services		25.0		2.0%
Solace Systems	2016	Bridge Growth Partners	Technology / IT		24.6		1.9%
Excelitas	2022	AEA Investors	Industrials		24.1		1.9%
Addison Group	2021	Trilantic Capital Partners	Business Services		23.8		1.9%
Exact	2019	KKR	Technology / IT		23.3		1.8%
CH Guenther	2021	Pritzker Private Capital	Consumer		21.2		1.7%
Bylight	2017	Sagewind Partners	Technology / IT		19.9		1.6%
Constellation Automotive	2019	TDR Capital	Business Services		19.0		1.5%
Real Page	2021	Thoma Bravo	Technology / IT		18.8		1.5%
Tendam	2017	PAI	Consumer		18.3		1.4%
Total Top 30 Investments					$982.1		77.6%

*Undisclosed company due to confidentiality provisions.

Geography	% of Portfolio
North America	77%
Europe	22%
Asia / Rest of World	1%
Total Portfolio	100%

Industry	% of Portfolio
Tech, Media & Telecom	23%
Consumer / E-commerce	22%
Industrials / Industrial Technology	17%
Financial Services	14%
Business Services	12%
Healthcare	9%
Other	4%
Energy	1%
Total Portfolio	100%

Vintage Year	% of Portfolio
2016 & Earlier	9%
2017	16%
2018	15%
2019	13%
2020	13%
2021	18%
2022	6%
2023	2%
2024	8%
Total Portfolio	100%

About NB Private Equity Partners Limited
NBPE invests in direct private equity investments alongside market leading private equity firms globally. NB Alternatives Advisers LLC (the “Investment Manager”), an indirect wholly owned subsidiary of Neuberger Berman Group LLC, is responsible for sourcing, execution and management of NBPE. The vast majority of direct investments are made with no management fee / no carried interest payable to third-party GPs, offering greater fee efficiency than other listed private equity companies. NBPE seeks capital appreciation through growth in net asset value over time while paying a bi-annual dividend.

LEI number: 213800UJH93NH8IOFQ77

About Neuberger Berman
Neuberger Berman is an employee-owned, private, independent investment manager founded in 1939 with over 2,800 employees in 26 countries. The firm manages $515 billion of equities, fixed income, private equity, real estate and hedge fund portfolios for global institutions, advisors and individuals. Neuberger Berman’s investment philosophy is founded on active management, fundamental research and engaged ownership. Neuberger Berman has been named by Pensions & Investments as the #1 or #2 Best Place to Work in Money Management for each of the last eleven years (firms with more than 1,000 employees). Visit www.nb.com for more information. Data as of March 31, 2025.

¹Based on net asset value.

Attachment

April 2025 NBPE Factsheet vF

The MIL Network –

May 29, 2025

MIL-OSI United Nations: 28 May 2025 News release Seventy-eighth World Health Assembly concludes: historic outcomes, consequential highlights
Source: World Health Organisation

The Seventy-eighth World Health Assembly (WHA78), the annual meeting of World Health Organization’s (WHO) Member States, came to a close Tuesday, as health leaders lauded vast accomplishments and global solidarity.

The Assembly, WHO’s highest decision-making body, convened from 19 May to 27 May, under the theme “One World for Health”. Member States considered approximately 75 items and sub-items across all areas of health, engaging in lively debate and adopting consequential resolutions to improve health for all.

“The words ‘historic’ and ‘landmark’ are overused, but they are perfectly apt to describe this year’s World Health Assembly,” said Dr Tedros Adhanom Ghebreyesus, WHO Director-General. “The adoption of the Pandemic Agreement and the approval of the next increase in assessed contributions, along with the numerous other resolutions that Member States adopted are a sign to the world that we can achieve cooperation in the face of conflict, and unity amid division.”

World’s first pandemic agreement: equity for all

On 20 May, Member States adopted the historic WHO Pandemic Agreement. The moment was met with heartfelt applause, celebrating over three years of intense negotiations by the Intergovernmental Negotiating Body, comprising WHO’s Member States.

The adoption of the Agreement is a once-in-a-generation opportunity to safeguard the world from a repeat of the suffering caused by the COVID-19 pandemic. The Agreement aims to enhance global coordination and cooperation, equity and access for future pandemics, all while respecting national sovereignty.

Over the next year, Member States will build on the Resolution, by holding consultations on the Pathogen Access and Benefit Sharing system (PABS), an annex to the Agreement which would enhance equitable access to medical advancements.

Sustainable financing: protecting the future of global health

In a changing financial landscape, Member States united to protect WHO’s critical work by approving the second 20% increase in assessed contributions (ACs). By 2030–2031, ACs will make up 50% of WHO’s core budget, providing more predictable, resilient, and flexible funding.

The Assembly’s commitment to sustainable financing did not stop there; at a high-level pledging event during WHA78, health leaders pledged at least US$ 210 million for WHO’s Investment Round, the fundraising campaign for the Organization’s global health strategy for the next four years (the Fourteenth General Programme of Work). In addition to the US$ 1.7 billion already raised for the Investment Round, these pledges mark a significant step toward sustainable financing of WHO. Since launching in May 2024, the Investment Round has attracted 35 new contributors – moving WHO closer to the broader donor base envisioned in the Director-General’s ongoing transformation agenda.

Action for health: major decisions and resolutions

WHA 78 was steadfast in addressing ongoing health issues and adaptable in targeting threats and conflicts. The accomplishments of the Assembly spanned many areas of health as Member States
- adopted a new resolution highlighting the global health financing emergency;
- endorsed first-ever resolutions on lung and kidney health, highlighting the upcoming UN General Assembly focus on noncommunicable diseases;
- adopted a new resolution on science-driven norms and standards for health policy and implementation;
- adopted a new target to halve the health impacts of air pollution by 2040;
- adopted an innovative resolution to promote social connection with growing evidence linking it to improved health outcomes and reduced risk of early death;
- adopted a resolution for a lead-free future;
- adopted a resolution to address rare diseases, protecting the over 300 million people globally who live with one of more than 7000 rare diseases;
- agreed to expand the provisions of the International Code of Marketing of Breast-milk Substitutes to tackle the digital marketing of formula milk and baby foods;
- adopted a resolution to accelerate the eradication of Guinea worm disease.
The Assembly adopted other resolutions on digital health, the health and care workforce, medical imaging, nursing and midwifery, sensory impairment, and skin diseases, among others. Two new official WHO health campaigns were established: World Cervical Cancer Elimination Day and World Prematurity Day.

Strengthening health emergency preparedness and response

The World Health Assembly also discussed WHO’s work in health emergencies. Over the last year, WHO responded internationally to 51 graded emergencies across 89 countries and territories, including global outbreaks of cholera and mpox – a public health emergency of international concern – as well as multiple humanitarian crises. Working with over 900 partners across 28 health clusters, WHO helped provide health assistance for 72 million people in humanitarian settings. Nearly 60% of new emergencies were climate-related, highlighting the growing health impacts of climate change.

During the Assembly, Member States
- considered matters pertaining to WHO’s work in health emergencies and commended the Organization’s leadership in this space;
- noted the Director-General’s report on implementation of the health emergency prevention, preparedness, response and resilience (HEPR) framework and expressed their support for the strengthening of the global architecture;
- considered the health needs of people in Ukraine and the occupied Palestinian territory;
- noted the Director-General’s report on progress made in implementing the International Health Regulations (2005); and
- approved a decision to strengthen the research base on public health and social measures to control outbreaks.
MIL OSI United Nations News –
May 29, 2025
MIL-OSI USA: ICE, federal partners conduct immigration enforcement operations on Nantucket, Martha’s Vineyard

Source: US Immigration and Customs Enforcement

CAPE COD, Mass. — U.S. Immigration and Customs Enforcement, in partnership with the Federal Bureau of Investigation, the Drug Enforcement Administration, the Bureau of Alcohol, Tobacco, Firearms and Explosives and the U.S. Coast Guard conducted immigration enforcement operations on Nantucket and Martha’s Vineyard May 27. The operation yielded around 40 apprehensions including a documented gang member and at least one child sex offender.

“Operations like this highlight the strong alliances that ICE shares with our fellow law enforcement partners,” said ICE Enforcement and Removal Operations Boston acting Field Office Director Patricia H. Hyde. “ICE officers and FBI, DEA and ATF agents worked together to arrest a significant number of illegal alien offenders which included at least one child predator. Our partners in the U.S. Coast Guard facilitated a safe and efficient transport of the alien offenders off Nantucket and Martha’s Vineyard, ensuring the safety of the residents of those communities. ICE and our federal partners made a strong stand for prioritizing public safety by arresting and removing illegal aliens from our New England neighborhoods.”

Officers with ICE Boston and agents with FBI Boston, DEA New England and ATF Boston arrested around 40 alien offenders on the two islands, many of whom had U.S. criminality including a documented member of the notorious MS-13 street gang and at least one child sex offender.

“This operation highlights FBI Boston’s ongoing commitment to supporting our partners at the Department of Homeland Security with identifying and apprehending those who are breaking the law by violating our immigration laws and, in some cases, committing crimes that endanger public safety,” said Kimberly Milka, acting Special Agent in Charge of the FBI’s Boston Division.

USCG Sector Southeastern New England assisted the immigration enforcement operation by safely transporting aliens from Nantucket and Martha’s Vineyard. USCG provided small boats and a cutter to support ICE operations on the islands.

Members of the public with information about suspected immigration violations or related criminal activity are encouraged to contact the ICE Tip Line at 866-DHS-2-ICE (866-347-2423) or submit information online via the ICE Tip Form.

Learn more about ICE’s mission to increase public safety in our communities on X at @EROBoston.

MIL OSI USA News –

May 29, 2025
MIL-OSI Security: Lansdowne Station — Investigators seek additional video footage to advance missing children investigation

Source: Royal Canadian Mounted Police

As the missing persons investigation into the disappearance of Lilly and Jack Sullivan continues, the RCMP is appealing to the public for additional video footage.

Investigators have collected hours of video from the areas surrounding Lansdowne Station.

“Based on the details we’ve gathered so far, we’ve confirmed that Lilly and Jack were observed in public with family members on the afternoon of May 1,” says Cpl. Sandy Matharu, Northeast Nova RCMP Major Crime Unit. “We’re now asking anyone who has dashcam footage or video along Gairloch Rd. between 12 p.m. on April 28 and 12 p.m. on May 2 to contact us.”

Investigators remain committed to exploring all possibilities surrounding the children’s disappearance. To date, more than 355 tips have been received and are being followed up on. RCMP officers have also formally interviewed over 50 people, with more interviews planned in the coming days.

Investigative work is ongoing following a large-scale ground and air search that began immediately after the children were reported missing on May 2. Hundreds of searchers, multiple dogs, a variety of drones, an underwater recovery team and several aircraft scoured a heavily wooded 5.5 square kilometre area before search efforts were scaled back on May 7. Additional searches took place on May 8, May 9, May 17 and May 18. Any future searches will be determined based on the course of the investigation.

“RCMP officers from various teams are fully engaged in finding out what happened to Lilly and Jack, and we’re using all tools and resources to determine the circumstances of their disappearance,” says Cpl. Matharu. “We understand people’s desire for answers and updates. However, as this is an active investigation, we’re unable to discuss details of our ongoing work.”

Anyone with information on the whereabouts of Lilly and Jack, or who has video footage to share with police, is asked to call the Northeast Nova RCMP Major Crime Unit at 902-896-5060. To remain anonymous, contact Nova Scotia Crime Stoppers, toll-free, at 1-800-222-TIPS (8477), submit a secure web tip at www.crimestoppers.ns.ca, or use the P3 Tips app.

MIL Security OSI –

May 29, 2025
MIL-OSI: LPL Financial Welcomes Mai Park Capital to Linsco Channel

Source: GlobeNewswire (MIL-OSI)

SAN DIEGO, May 28, 2025 (GLOBE NEWSWIRE) — LPL Financial LLC announced today that financial advisor Mai Park, CPWA^®, has joined LPL’s employee advisor channel, Linsco by LPL Financial, aligning with existing firm Pence Wealth Management, to launch Mai Park Capital. She reported serving approximately $330 million in advisory, brokerage and retirement plan assets* and joins LPL from Merrill Lynch.

Based in Newport Beach, Calif., Park transitioned to financial services in 2007 following a career as a high school science teacher. With more than 20 years of industry experience, Park focuses on estate planning, investment management, retirement planning, tax planning and wealth management, taking a holistic and comprehensive approach with the goal of fostering meaningful, multi-generational relationships.

“Every client’s financial journey is unique, shaped by their individual values, goals and circumstances,” Park said. “That’s why I believe in taking a personalized approach to working with my clients, one that prioritizes active listening, empathy and experience. Then together, we create a customized roadmap for their financial journey, providing a clear direction, milestones and accountabilities.”

Why Mai Park made the move to Linsco by LPL
Looking to better serve her clients with enhanced technology and broader offerings, Park chose to move to LPL Financial and join the team at Pence Wealth Management. She was drawn to the Linsco model, which serves financial advisors seeking the core tenets of independence, including owning their client relationships and having flexibility to run their practices, their way. With Linsco, advisors have access to LPL’s integrated wealth management platform and robust business resources, along with the additional benefits of having support from an experienced branch management team, dedicated marketing consultant and other resources that allow advisors to focus on their clients.

“LPL has the size, scale and reputation that will allow me to serve my clients with a boutique-level of service while offering the freedom and flexibility to build my practice on my terms,” Park said. “Aligning with LPL and Pence Wealth Management offers me the ability to focus on my core strength — delivering an exceptional client experience.”

Scott Posner, LPL Managing Director, Business Development, said, “We welcome Mai to the Linsco community and congratulate her and the Pence Wealth Management team on the launch of Mai Park Capital. At LPL, we recognize what it takes to launch and operate a thriving business and are committed to investing in streamlined and integrated business solutions designed to help advisors spend more time with their clients and differentiate their practices. We look forward to supporting Mai Park Capital for years to come.”

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

About LPL Financial

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

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

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

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

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

Media Contact:
Media.relations@LPLFinancial.com

Tracking #742801

The MIL Network –

May 29, 2025
MIL-OSI: Richtech Robotics Announces Preliminary Inclusion in US small-cap Russell 2000® Index

Source: GlobeNewswire (MIL-OSI)

Las Vegas, NV, May 28, 2025 (GLOBE NEWSWIRE) — Richtech Robotics Inc. (Nasdaq: RR) (“Richtech Robotics” or the “Company”), a Nevada-based provider of AI-driven service robots, announces that it has been selected for preliminary inclusion in the US small-cap Russell 2000^® Index, according to a preliminary list of additions published by FTSE Russell on Friday, May 23, 2025. The newly reconstituted indexes are expected to take effect after US market close on June 27, 2025, as part of the 2025 Russell Indexes reconstitution. Membership in the Russell 2000^® Index, which remains in place for one year, is based on membership in the broad-market Russell 3000^® Index. The Company’s stock will also be automatically added to the appropriate growth and value indexes.

“We believe our preliminary inclusion in the Russell 2000^® Index represents a significant validation of the momentum we’re building at Richtech Robotics,” said Matt Casella, President of Richtech Robotics. “It reflects growing market confidence in our long-term vision and the impact our AI-driven automation is having across the service industry. We’re proud of our team’s commitment to innovation, operational excellence, and delivering value to both our customers and shareholders.”

Russell indices are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. According to the data as of the end of June 2024, about $10.6 trillion in assets are benchmarked against the Russell US indexes, which belong to FTSE Russell, a prominent global index provider.

For more information on the Russell 2000^® and Russell 3000^® Indexes and the Russell indexes reconstitution, visit the “Russell Reconstitution” section on the FTSE Russell website.

About Richtech Robotics

Richtech Robotics is a provider of collaborative robotic solutions specializing in the service industry, including the hospitality and healthcare sectors. Our mission is to transform the service industry through collaborative robotic solutions that enhance the customer experience and empower businesses to achieve more. By seamlessly integrating cutting-edge automation, we aspire to create a landscape of enhanced interactions, efficiency, and innovation, propelling organizations toward unparalleled levels of excellence and satisfaction. Learn more at www.RichtechRobotics.com.

Forward Looking Statements

Certain statements in this press release are forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995. These statements may be identified by the use of forward-looking words such as “anticipate,” “believe,” “forecast,” “estimate,” “expect,” and “intend,” among others. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Such forward-looking statements include, but are not limited to, statements regarding Richtech Robotics’ inclusion in the Russell Index and the potential impact, if any, of such inclusion on Richtech Robotics’ stock.

These forward-looking statements are based on Richtech Robotics’ current expectations and actual results could differ materially. There are a number of factors that could cause actual events to differ materially from those indicated by such forward-looking statements include, among others, risks and uncertainties related to Richtech Robotics’ products, industry and general economic and market conditions. Investors should read the risk factors set forth in Richtech Robotics’ Annual Report on Form 10-K/A, filed with the SEC on March 4, 2025, the IPO registration statement and periodic reports filed with the SEC on or after the date thereof. All of Richtech Robotics’ forward-looking statements are expressly qualified by all such risk factors and other cautionary statements. The information set forth herein speaks only as of the date thereof. New risks and uncertainties arise over time, and it is not possible for Richtech Robotics to predict those events or how they may affect Richtech Robotics. If a change to the events and circumstances reflected in Richtech Robotics’ forward-looking statements occurs, Richtech Robotics’ business, financial condition and operating results may vary materially from those expressed in Richtech Robotics’ forward-looking statements.

Readers are cautioned not to put undue reliance on forward-looking statements, and Richtech Robotics assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events or otherwise.

Investors:
CORE IR
Matt Blazei
ir@richtechrobotics.com

Media:
Timothy Tanksley
Director of Marketing
Richtech Robotics, Inc
press@richtechrobotics.com
702-534-0050

The MIL Network –

May 29, 2025
MIL-OSI: Amy Dolan, 20-Year Mortgage Veteran, Joins Rate in Philadelphia, PA

Source: GlobeNewswire (MIL-OSI)

PHILADELPHIA, May 28, 2025 (GLOBE NEWSWIRE) — Rate, a leader in fintech mortgage solutions, announced the addition of Amy Dolan as a new loan officer serving the greater Philadelphia area. With more than two decades of mortgage experience, Dolan brings deep knowledge of loan origination and underwriting to help local buyers confidently navigate the home financing process.

A recognized industry leader, Dolan is a seven-time All-Star Club Award Recipient and has built a reputation for delivering consistent, high-quality service to homebuyers. Her decision to join Rate reflects a shared commitment to streamlining the mortgage process while putting the customer first.

“I chose the mortgage industry because helping people achieve their dream of homeownership drives me,” said Dolan. “There’s nothing more rewarding than guiding someone through one of the biggest decisions of their life.”

Dolan’s community involvement spans well beyond real estate. For the past 14 years, she has led and developed her local youth and high school wrestling program, mentoring student-athletes and building team culture at the grassroots level.

“We are delighted to welcome Amy to Rate, where her 20 years of mortgage lending experience and deep understanding of underwriting guidelines will ensure a seamless mortgage process for her customers,” said Jeff Nelson, Chief Production Officer – East. “We feel incredibly fortunate to have Amy on our team.”

This appointment underscores Rate’s continued commitment to investing in experienced loan originators who are trusted in their markets and dedicated to customer care.

About Rate
Rate Companies is a leader in mortgage lending and digital financial services. Headquartered in Chicago, Rate has over 850 branches across all 50 states and Washington D.C. Since its launch in 2000, Rate has helped more than 2 million homeowners with home purchase loans and refinances. The company has cemented itself as an industry leader by introducing innovative technology, offering low rates, and delivering unparalleled customer service. Honors and awards include: Top 5 Mortgage Lender by Inside Mortgage Finance for 2024; Best Mortgage Lender for First-Time Homebuyers by NerdWallet for 2023; HousingWire’s Tech100 award for the company’s industry-leading FlashClose℠ digital mortgage platform in 2020, MyAccount in 2022, and Language Access Program in 2023; the most Scotsman Guide Top Originators for 11 consecutive years; Chicago Agent Magazine’s Lender of the Year for seven consecutive years; and Chicago Tribune’s Top Workplaces list for seven straight years. Visit rate.com for more information.

Media Contact

press@rate.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/c2234cbc-d2ee-4e13-b625-b9c17329982f

The MIL Network –

May 29, 2025

MIL-OSI: STEALTHGAS INC. Reports First Quarter 2025 Financial and Operating Results

Source: GlobeNewswire (MIL-OSI)

ATHENS, Greece, May 28, 2025 (GLOBE NEWSWIRE) — STEALTHGAS INC. (NASDAQ: GASS), a ship-owning company serving the liquefied petroleum gas (LPG) sector of the international shipping industry, announced today its unaudited financial and operating results for the first quarter ended March 31, 2025.

OPERATIONAL AND FINANCIAL HIGHLIGHTS

Strong profitability continued for the first quarter, with Net income of $14.1 million corresponding to a basic EPS of $0.38, similar to the previous quarter’s $14.2 million but reduced compared to the $17.7 million record at the time achieved in the first quarter of 2024.
Time Charter equivalent revenues decreased by 4.6% compared to the same period of last year to $36.9 million for the first quarter of 2025 as a result of a more muted market.
Preserved the high period coverage. About 70% of fleet days for 2025 are secured on period charters, with total fleet employment days for all subsequent periods generating over $165 million (excl. JV vessels) in contracted revenues.
Continued reducing leverage, making $34.4 million in debt repayments during the first quarter of 2025 and a further $19.2 million in the current quarter of 2025. Currently, all the vessels in the fully owned fleet except one are unencumbered.
Since the last quarterly announcement the Company has spent $1.8 million in share repurchases. Overall under the current program the Company has spent over $21.2 million in share repurchases since June 2023.
Maintaining ample cash and cash equivalents (incl. restricted cash) of $77.1 million as of March 31, 2025 enabling the Company to further reduce debt.

First Quarter 2025 Results¹:

Revenues for the three months ended March 31, 2025 amounted to $42.0 million compared to revenues of $41.6 million for the three months ended March 31, 2024, based on an average of 28.0 vessels and 27.0 vessels owned by the Company, respectively, as the vessels remaining in the fleet earned higher revenues due to better market conditions.
Voyage expenses and vessels’ operating expenses for the three months ended March 31, 2025, were $5.1 million and $13.5 million, respectively, compared to $2.9 million and $11.5 million, respectively, for the three months ended March 31, 2024. The $2.2 million increase in voyage expenses was mainly due to an increase in port expenses and in bunkers costs as a result of the increase in spot market days for the fleet. The $2.0 million increase in vessels’ operating expenses was mainly due to increase in crew costs and maintenance expenses.
Drydocking costs for the three months ended March 31, 2025 and 2024 were $0.4 million and nil, respectively. Drydocking expenses during the first quarter of 2025 mainly relate to the commenced drydocking of one vessel, compared to no drydocking of vessels in the same period of last year.
General and administrative expenses remained stable at $2.2 million for both the three months ended March 31, 2025 and 2024.
Depreciation for the three months ended March 31, 2025 and 2024 was $6.7 million and $6.5 million, respectively, a $0.2 million increase is mainly related to the increase in average number of vessels owned by the Company and to the partial replacement of some of the older vessels with newer and larger ones which have a higher cost.
Impairment loss for the three months ended March 31, 2025 and 2024 was $0.5 million and nil, respectively. As a result of the agreed sale terms for the vessel Gas Cerberus, with delivery expected in the second quarter of 2025, a non-cash impairment loss of $0.5 million was recognized in the first quarter of 2025.
Interest and finance costs for the three months ended March 31, 2025 and 2024, were $1.4 million and $3.2 million, respectively. The $1.8 million decrease from the same period of last year is primarily due to continued debt prepayments.
Interest income for the three months ended March 31, 2025 and 2024, remained unchanged at $0.8 million.
Equity earnings in joint ventures for the three months ended March 31, 2025 and 2024 was a gain of $2.2 million and $2.6 million, respectively. The $0.4 million decrease was primarily due to decrease in number of vessels in joint ventures.
As a result of the above, for the three months ended March 31, 2025, the Company reported net income of $14.1 million, compared to net income of $17.7 million for the three months ended March 31, 2024. The weighted average number of shares outstanding, basic, for the three months ended March 31, 2025 and 2024 was 35.7 million and 35.1 million, respectively.
Earnings per share, basic, for the three months ended March 31, 2025 amounted to $0.38 compared to earnings per share, basic, of $0.49 for the same period of last year.
Adjusted net income was $16.1 million corresponding to an Adjusted EPS of $0.44 for the three months ended March 31, 2025 compared to Adjusted net income of $19.1 million corresponding to an Adjusted EPS of $0.53 for the same period of last year.
EBITDA for the three months ended March 31, 2025 amounted to $21.4 million. Reconciliations of Adjusted Net Income, EBITDA and Adjusted EBITDA to Net Income are set forth below.
An average of 28.0 vessels were owned by the Company during the three months ended March 31, 2025 compared to 27.04 vessels for the same period of 2024.

¹ EBITDA, Adjusted EBITDA, Adjusted Net Income and Adjusted EPS are non-GAAP measures. Refer to the reconciliation of these measures to the most directly comparable financial measure in accordance with GAAP set forth later in this release.

Fleet Update Since Previous Announcement

The Company announced the conclusion of the following chartering arrangements (of three or more months duration):

A twelve months time charter for its 2016 built LPG carrier Eco Dominator, until Mar 2026.
A twelve months time charter extension for its 2016 built LPG carrier Eco Nical, until May 2026.
A six months time charter extension for the 2012 built LPG carrier Gas Esco, until Sep 2025.

As of June 2025, the Company has total contracted revenues of approximately $165 million.

As of June 2025, for the remainder of the year, the Company has circa 70% of fleet days secured under period contracts and contracted revenues of approximately $72 million.

In April 2025, the Company entered into an agreement to sell the vessel Gas Cerberus to a third party, with delivery expected in the second quarter of 2025. The vessel is debt-free, and the full proceeds from the sale will contribute to the Company’s liquidity position.

The Company has agreed in principle to purchase back from one of its joint venture partners the remaining share (49.9%) which it does not already own in the two vessels Eco Lucidity and Gas Haralambos. The transaction is subject to entry into definitive documentation and customary conditions and is expected to take place within June 2025. Following this transaction, these two vessels will be consolidated within the fully owned fleet of the Company and only one vessel will remain in a JV.

Board Chairman Michael Jolliffe Commented

The results that were announced today point to a strong start to the year and underpin our confidence in sustaining the momentum we have built over the last years, throughout 2025. It is no doubt a period of uncertainty and in such periods, among other things, there is reluctance by charterers to commit longer term. With the latest developments, we expect trade flows to normalize and sentiment to improve as the fundamentals of LPG shipping continue to be positive. In this volatile environment StealthGas remains steadfast in its strategy and has all but eliminated its financial risk, being net debt free after having made over $50 million in debt repayments during this year and having 27 out of 28 vessels unencumbered. At the same time in order to return value to our shareholders, we have begun buying back shares, spending $1.8 million in share repurchases since March. Overall under the current program the Company has spent over $21.2 million in share repurchases since June 2023.

Conference Call details:

On May 28, 2025 at 10:00 am ET, the company’s management will host a conference call to discuss the results and the company’s operations and outlook.

Conference call participants should pre-register using the below link to receive the dial-in numbers and a personal PIN, which are required to access the conference call.

https://register-conf.media-server.com/register/BI2ab472844539410f8650314c8df8fdaf

Slides and audio webcast:
There will also be a live and then archived webcast of the conference call, through the STEALTHGAS INC. website (www.stealthgas.com). Participants to the live webcast should register on the website approximately 10 minutes prior to the start of the webcast.

About STEALTHGAS INC.

StealthGas Inc. is a ship-owning company serving the liquefied petroleum gas (LPG) sector of the international shipping industry. StealthGas Inc. has a fleet of 31 LPG carriers, including three Joint Venture vessels in the water. These LPG vessels have a total capacity of 349,170 cubic meters (cbm). StealthGas Inc.’s shares are listed on the Nasdaq Global Select Market and trade under the symbol “GASS.”
Visit our website at www.stealthgas.com

Forward-Looking Statements

Matters discussed in this release may constitute forward-looking statements. Forward-looking statements reflect our current views with respect to future events and financial performance and may include statements concerning plans, objectives, goals, strategies, future events or performance and underlying assumptions and other statements, which are other than statements of historical facts. The forward-looking statements in this release are based upon various assumptions, many of which are based, in turn, upon further assumptions, including without limitation, management’s examination of historical operating trends, data contained in our records and other data available from third parties. Although STEALTHGAS INC. believes that these assumptions were reasonable when made, because these assumptions are inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict and are beyond our control, STEALTHGAS INC. cannot assure you that it will achieve or accomplish these expectations, beliefs or projections. Important factors that, in our view, could cause actual results to differ materially from those discussed in the forward-looking statements include the strength of world economies and currencies, geopolitical conditions, including any trade disruptions resulting from tariffs and other protectionist measures imposed by the United States or other countries, general market conditions, including changes in charter hire rates and vessel values, charter counterparty performance, changes in demand that may affect attitudes of time charterers to scheduled and unscheduled drydockings, shipyard performance, changes in STEALTHGAS INC’s operating expenses, including bunker prices, drydocking and insurance costs, ability to obtain financing and comply with covenants in our financing arrangements, actions taken by regulatory authorities, potential liability from pending or future litigation, domestic and international political conditions, the conflict in Ukraine and related sanctions, the conflict in Israel and Gaza, potential disruption of shipping routes due to ongoing attacks by Houthis in the Red Sea and Gulf of Aden or accidents and political events or acts by terrorists.

Risks and uncertainties are further described in reports filed by STEALTHGAS INC. with the U.S. Securities and Exchange Commission.

Fleet List
For information on our fleet and further information:
Visit our website at www.stealthgas.com

Fleet Data:
The following key indicators highlight the Company’s operating performance during the periods ended March 31, 2024 and 2025.

FLEET DATA	Q1 2024	Q1 2025
Average number of vessels (1)	27.04	28.00
Period end number of owned vessels in fleet	27	28
Total calendar days for fleet (2)	2,461	2,520
Total voyage days for fleet (3)	2,439	2,500
Fleet utilization (4)	99.1%	99.2%
Total charter days for fleet (5)	2,232	2,118
Total spot market days for fleet (6)	207	382
Fleet operational utilization (7)	97.7%	94.0%

1) Average number of vessels is the number of owned vessels that constituted our fleet for the relevant period, as measured by the sum of the number of days each vessel was a part of our fleet during the period divided by the number of calendar days in that period.
2) Total calendar days for fleet are the total days the vessels we operated were in our possession for the relevant period including off-hire days associated with major repairs, drydockings or special or intermediate surveys.
3) Total voyage days for fleet reflect the total days the vessels we operated were in our possession for the relevant period net of off-hire days associated with major repairs, drydockings or special or intermediate surveys.
4) Fleet utilization is the percentage of time that our vessels were available for revenue generating voyage days and is determined by dividing voyage days by fleet calendar days for the relevant period.
5) Total charter days for fleet are the number of voyage days the vessels operated on time or bareboat charters for the relevant period.
6) Total spot market charter days for fleet are the number of voyage days the vessels operated on spot market charters for the relevant period.
7) Fleet operational utilization is the percentage of time that our vessels generated revenue and is determined by dividing voyage days excluding commercially idle days by fleet calendar days for the relevant period.

Reconciliation of Adjusted Net Income, EBITDA, adjusted EBITDA and adjusted EPS:

Adjusted net income represents net income before loss/gain on derivatives excluding swap interest paid/received, impairment loss, net gain/loss on sale of vessels and share based compensation. EBITDA represents net income before interest and finance costs, interest income and depreciation. Adjusted EBITDA represents net income before interest and finance costs, interest income, depreciation, impairment loss, net gain/loss on sale of vessels, share based compensation and loss/gain on derivatives.

Adjusted EPS represents Adjusted net income divided by the weighted average number of shares.

EBITDA, adjusted EBITDA, adjusted net income and adjusted EPS are included herein because they are a basis, upon which we and our investors assess our financial performance. They allow us to present our performance from period to period on a comparable basis and provide investors with a means of better evaluating and understanding our operating performance.

EBITDA, adjusted EBITDA, adjusted net income and adjusted EPS are not recognized measurements under U.S. GAAP. Our calculation of EBITDA, adjusted EBITDA, adjusted net income and adjusted EPS may not be comparable to that reported by other companies in the shipping or other industries. In evaluating Adjusted EBITDA, Adjusted net income and Adjusted EPS, you should be aware that in the future we may incur expenses that are the same as or similar to some of the adjustments in this presentation.

(Expressed in United States Dollars, except number of shares)	Three Months Period Ended March 31st,
	2024		2025
Net Income – Adjusted Net Income
Net income	17,729,716		14,107,680
Less gain on derivatives	(99,286	)	—
Plus swap interest received	208,127		—
Less gain on sale of vessels, net	(46,384	)	—
Plus impairment loss	—		488,400
Plus share based compensation	1,345,409		1,540,402
Adjusted Net Income	19,137,582		16,136,482

Net income – EBITDA
Net income	17,729,716		14,107,680
Plus interest and finance costs	3,169,061		1,415,605
Less interest income	(753,396	)	(752,471	)
Plus depreciation	6,492,376		6,653,460
EBITDA	26,637,757		21,424,274

Net income – Adjusted EBITDA
Net income	17,729,716		14,107,680
Less gain on derivatives	(99,286	)	—
Less gain on sale of vessels, net	(46,384	)	—
Plus impairment loss	—		488,400
Plus share based compensation	1,345,409		1,540,402
Plus interest and finance costs	3,169,061		1,415,605
Less interest income	(753,396	)	(752,471	)
Plus depreciation	6,492,376		6,653,460
Adjusted EBITDA	27,837,496		23,453,076

EPS – Adjusted EPS
Net income	17,729,716		14,107,680
Adjusted net income	19,137,582		16,136,482
Weighted average number of shares, basic	35,119,500		35,725,720
EPS – Basic	0.49		0.38
Adjusted EPS – Basic	0.53		0.44

StealthGas Inc.
Unaudited Condensed Consolidated Statements of Income
(Expressed in United States Dollars, except for number of shares)

		Three Months Period Ended March 31,
		2024		2025

Revenues
	Revenues	41,563,908		42,025,987

Expenses
	Voyage expenses	2,345,200		4,573,956
	Voyage expenses – related party	513,247		518,440
	Vessels’ operating expenses	11,235,359		13,282,235
	Vessels’ operating expenses – related party	241,500		228,200
	Drydocking costs	–		412,620
	Management fees – related party	1,053,719		1,080,001
	General and administrative expenses	2,213,853		2,165,709
	Depreciation	6,492,376		6,653,460
	Impairment loss	–		488,400
	Net gain on sale of vessels	(46,384	)	–
Total expenses		24,048,870		29,403,021

Income from operations		17,515,038		12,622,966

Other (expenses)/income
	Interest and finance costs	(3,169,061	)	(1,415,605	)
	(Loss)/gain on derivatives	99,286		–
	Interest income	753,396		752,471
	Foreign exchange (loss)/gain	(49,044	)	(26,484	)
Other expenses, net		(2,365,423	)	(689,618	)

Income before equity in earnings of investees		15,149,615		11,933,348
Equity earnings in joint ventures		2,580,101		2,174,332
Net Income		17,729,716		14,107,680

Earnings per share
– Basic		0.49		0.38
– Diluted		0.49		0.39

Weighted average number of shares
– Basic		35,119,500		35,725,720
– Diluted		35,247,529		35,764,990

StealthGas Inc.
Unaudited Condensed Consolidated Balance Sheets
(Expressed in United States Dollars)

		December 31,	March 31,
		2024	2025

Assets
Current assets
	Cash and cash equivalents	80,653,398	74,392,306
	Trade and other receivables	6,156,300	7,253,738
	Other current assets	193,265	422,168
	Claims receivable	55,475	55,475
	Inventories	3,891,147	3,198,028
	Advances and prepayments	733,212	549,263
	Fair value of derivatives	387,608	280,577
Total current assets		92,070,405	86,151,555

Non current assets
	Operating lease right-of-use assets	—	202,362
	Vessels, net	608,214,416	601,072,556
	Other receivables	370,053	237,561
	Restricted cash	3,867,752	2,734,442
	Investments in joint ventures	27,717,238	27,257,570
Total non current assets		640,169,459	631,504,491
Total assets		732,239,864	717,656,046

Liabilities and Stockholders’ Equity
Current liabilities
	Payable to related parties	388,130	3,039,119
	Trade accounts payable	10,994,434	10,485,931
	Accrued liabilities	4,922,587	5,119,206
	Operating lease liabilities	—	120,938
	Deferred income	4,304,667	5,882,276
	Current portion of long-term debt	23,333,814	20,722,094
Total current liabilities		43,943,632	45,369,564

Non current liabilities
	Operating lease liabilities	—	81,424
	Deferred income	213,563	586,577
	Long-term debt	61,555,855	30,251,709
Total non current liabilities		61,769,418	30,919,710
Total liabilities		105,713,050	76,289,274

Commitments and contingencies

Stockholders’ equity
	Capital stock	370,414	371,664
	Treasury stock	—	(1,057,343	)
	Additional paid-in capital	409,912,934	411,808,336
	Retained earnings	215,855,858	229,963,538
	Accumulated other comprehensive income	387,608	280,577
Total stockholders’ equity		626,526,814	641,366,772
Total liabilities and stockholders’ equity		732,239,864	717,656,046

StealthGas Inc.
Unaudited Condensed Consolidated Statements of Cash Flows
(Expressed in United States Dollars)

		Three Months Period Ended March 31,
		2024		2025

Cash flows from operating activities
	Net income for the period	17,729,716		14,107,680

Adjustments to reconcile net income to net cash
provided by operating activities:
	Depreciation	6,492,376		6,653,460
	Amortization of deferred finance charges	258,295		508,464
	Amortization of operating lease right-of-use assets	24,745		29,194
	Share based compensation	1,345,409		1,540,402
	Change in fair value of derivatives	108,840		—
	Proceeds from disposal of interest rate swaps	1,018,000		—
	Equity earnings in joint ventures	(2,580,101	)	(2,174,332	)
	Dividends received from joint ventures	–		2,634,000
	Impairment loss	–		488,400
	Gain on sale of vessels	(46,384	)	—
Changes in operating assets and liabilities:
	(Increase)/decrease in
	Trade and other receivables	(35,143	)	(964,946	)
	Other current assets	129,193		(228,903	)
	Inventories	353,756		693,119
	Changes in operating lease liabilities	(24,745	)	(29,194	)
	Advances and prepayments	(159,743	)	183,949
	Increase/(decrease) in
	Balances with related parties	(1,390,625	)	2,650,989
	Trade accounts payable	(475,368	)	(508,503	)
	Accrued liabilities	240,202		196,619
	Deferred income	688,600		1,950,623
Net cash provided by operating activities		23,677,023		27,731,021

Cash flows from investing activities
	Proceeds from sale of vessels, net	34,679,584		—
	Acquisition and improvements of vessels	(96,413,470	)	—
	Advances to joint ventures	(1,705	)	—
Net cash used in investing activities		(61,735,591	)	—

Cash flows from financing activities
	Proceeds from exercise of stock options	356,250		356,250
	Stock repurchase	(338,176	)	(1,057,343	)
	Deferred finance charges paid	(22,167	)	—
	Advances to joint ventures	(11,848	)	—
	Loan repayments	(32,045,235	)	(34,424,330	)
	Proceeds from long-term debt	70,000,000		—
Net cash provided by/(used in) financing activities		37,938,824		(35,125,423	)

Net decrease in cash, cash equivalents and restricted cash		(119,744	)	(7,394,402	)
Cash, cash equivalents and restricted cash at beginning of period		83,755,701		84,521,150
Cash, cash equivalents and restricted cash at end of period		83,635,957		77,126,748
Cash breakdown
	Cash and cash equivalents	77,085,417		74,392,306
	Restricted cash, current	—		—
	Restricted cash, non current	6,550,540		2,734,442
Total cash, cash equivalents and restricted cash shown in the statements of cash flows		83,635,957		77,126,748

The MIL Network –

May 29, 2025

MIL-OSI: Trupanion to Present at the William Blair 45th Annual Growth Stock Conference

Source: GlobeNewswire (MIL-OSI)

SEATTLE, May 28, 2025 (GLOBE NEWSWIRE) — Trupanion, Inc. (Nasdaq: TRUP), a leader in medical insurance for cats and dogs, announced today that Margi Tooth, Chief Executive Officer and President, will present at the William Blair 45th Annual Growth Stock Conference on Tuesday, June 3, 2025, at 3:20 p.m. CT and will participate in meetings with investors throughout the day.

The presentation will be webcast live and can be accessed on Trupanion’s Investor Relations website at http://investors.trupanion.com.

About Trupanion:

Trupanion is a leader in medical insurance for cats and dogs throughout the United States, Canada, and certain countries in Continental Europe with over 1,000,000 pets currently enrolled. For over two decades, Trupanion has given pet owners peace of mind so they can focus on their pet’s recovery, not financial stress. Trupanion is committed to providing pet parents with the highest value in pet medical insurance with unlimited payouts for the life of their pets. With its patented process, Trupanion is the only North American provider with the technology to pay veterinarians directly in seconds at the time of checkout. Trupanion is listed on NASDAQ under the symbol “TRUP”. The company was founded in 2000 and is headquartered in Seattle, WA. Trupanion policies are issued, in the United States, by its wholly-owned insurance entity American Pet Insurance Company and, in Canada, by Accelerant Insurance Company of Canada. Policies are sold and administered in Canada by Canada Pet Health Insurance Services, Inc. dba Trupanion 309-1277 Lynn Valley Road, North Vancouver, BC V7J 0A2 and in the United States by Trupanion Managers USA, Inc. (CA license No. 0G22803, NPN 9588590). Canada Pet Health Insurance Services, Inc. is a registered damage insurance agency and claims adjuster in Quebec #603927. For more information, please visit trupanion.com.

Contact:

Laura Bainbridge, Senior Vice President, Corporate Communications
Gil Melchior, Director, Investor Relations
Investor.Relations@trupanion.com

The MIL Network –

May 29, 2025
MIL-OSI Security: Bay St. Lawrence — Victoria County District RCMP investigating stolen firearms, requesting public assistance

Source: Royal Canadian Mounted Police

Victoria County District RCMP is investigating a break and enter in Bay St. Lawrence involving the theft of firearms.

On April 15, Victoria County District RCMP received a report of a break and enter believed to have occurred the day before at an unoccupied seasonal property on Bay St. Lawrence Rd. Through the investigation, officers determined that three firearms, a 12-gauge shotgun, 30-30 rifle and 303 rifle, were among the items taken. The guns were stored in a locked cabinet, which was damaged in the incident, and all included trigger locks.

Investigators are asking anyone who may have information about this incident or the whereabouts of the firearms to contact Ingonish Beach RCMP Detachment at 902-285-2021. To remain anonymous, call Nova Scotia Crime Stoppers, toll-free, at 1-800-222-TIPS (8477), submit a secure web tip at www.crimestoppers.ns.ca, or use the P3 Tips app.

File # 2025-496646

MIL Security OSI –

May 29, 2025
MIL-OSI Global: Guns bought in the US and trafficked to Mexican drug cartels fuel violence in Mexico and the migration crisis
Source: The Conversation – USA – By Sean Campbell, Investigative Journalist, The Conversation

The Mexican security forces tracking Nemesio Oseguera Cervantes – the leader of a deadly drug cartel that has been a top driver of violence in Mexico and narcotic addiction in America – thought they finally had him cornered on May 1, 2015.

Four helicopters carrying an arrest team whirled over the mountains near Mexico’s southwestern coast toward Cervantes’ compound in the town of Villa Purificación, the heart of the infamous Jalisco Nueva Generación cartel.

As the lead helicopter pulled within range, bullets from a truck-mounted, military-grade machine gun on the ground struck the engine. Before it reached the ground, the massive helicopter was hit by a pair of rocket-powered grenades.

This .50-caliber cartridge was found stuck in the truck-mounted Browning M2HB machine gun that the Jalisco Nueva Generación cartel used to damage a Mexican Security Forces Super Cougar helicopter.
ATF

Four soldiers from Mexico’s Secretariat of National Defense were killed in the crash. Three more soldiers were killed in the firefight that followed, and another 12 were injured.

The engagement was the first known incident of a cartel shooting down a military aircraft in Mexico. The cartel’s retaliation for the attempted arrest was swift and brutal. It set fire to trucks, buses, banks, gasoline stations and businesses. The distractions worked. Cervantes, also known as “El Mencho,” escaped.

The Browning machine gun that took down the helicopter was traced to a legal firearm purchase in Oregon made by a U.S. citizen. And a Barrett .50-caliber rifle used in the ambush was traced to a sale in a U.S. gun shop in Texas 4½ years before.

Many military-grade weapons like these are trafficked into Mexico from the U.S. each year, aided by loose standards for firearm dealers and gun laws that favor illicit sales.

We – a professor of economic development who has been tracking gun trafficking for more than 10 years, and an investigative journalist – spent a year sifting through documents to find the number, origins and characteristics of weapons flowing from the U.S. to Mexico.

The Bureau of Alcohol, Tobacco, Firearms and Explosives – the agency known as ATF tasked with regulating the industry – publishes the number of U.S. guns seized in Mexico and traced back to U.S. dealers, but it doesn’t provide an official trafficking estimate. The 2003 Tiahrt Amendments bar the ATF from creating a database of firearm sales and prohibit federal agencies from sharing detailed trace data outside of law enforcement.

To estimate weapons flow, we gathered trafficking estimates, including leaked data, previous research, firearm manufacturing totals and the ATF trace data.

The model we generated gave us a conservative middle estimate: About 135,000 firearms were trafficked across the border in 2022. In contrast, Ukraine, engaged in a war with Russia, received 40,000 small arms from the United States between January 2020 and April 2024 – an average of 9,000 per year.

Our analysis also found:
- This flow of weapons is connected to the drug trade in the U.S. and enables increased gang violence in Mexico, causing more people to flee across the border.
- An increase in guns trafficked to Mexico from the U.S. relates to an increase in Mexico’s homicide rate.
- More of the most destructive weapons come from independent gun dealers versus large chain stores – 16 times as many assault-style weapons and 60 times as many sniper rifles.
- The trafficking flow drives an arms race between criminals and Mexican law enforcement; the U.S. gun industry profits on sales to both.
- ATF oversight of dealers reduces the likelihood their guns are resold on the illicit market.
Following the flow

Since 2008, the U.S. has spent more than US$3 billion to help stabilize Mexico through the rule of law and stem its surges of extreme violence, much of it committed with U.S. firearms. Many programs are funded through the U.S. State Department, which is facing budget cuts, and the U.S. Agency for International Development, which has sustained deep cuts.

Meanwhile, the gun industry and its supporters have undercut these efforts by fighting measures to regulate gun sales.

From 2015-2023, 185,000 guns linked to crimes in Mexico were sent to the ATF to be traced – the process of using a firearm’s serial number and other characteristics to identify the trail of gun ownership. About 125,000 of those weapons have been traced back to the U.S.

Our analyses show that U.S.-Mexico firearms trafficking has dire implications for ordinary Mexicans – and that U.S. regulatory actions can have an enormous impact. This adds to a growing body of research tying U.S.-sold guns to Mexico-based gangs and cartels, illegal drug trafficking, homicide rates, corruption of Mexican officials, illicit financial transactions and migration trends.

Oregon guns tied to cartel

The Jalisco Nueva Generación cartel is poised to be the biggest player in the drug cartel game. El Mencho, still at large, is one of the most powerful people directing the flow of heroin, fentanyl and methamphetamines into the United States, while orchestrating campaigns of fear, intimidation and displacement in Mexico.

The Browning .50-caliber rifle that aided El Mencho’s evasion in 2015 was manufactured by a company based in Morgan, Utah, and legally sold to Erik Flores Elortegui, a U.S. citizen.

Elortegui fled the country after he was indicted in Oregon for smuggling guns into Mexico and is now at the top of the ATF’s most wanted list. He wasn’t alone in his gunrunning schemes. According to a grand jury indictment, Elortegui purchased 20 firearms through an accomplice, Robert Allen Cummins, in 2013 and 2014. Cummins was straw purchasing – buying weapons under his name for Elortegui.

Two of the .50-caliber weapons that Cummins purchased for Elortegui – the long rifles on the right – were among those later recovered from a tractor trailer in Sonora, Mexico. USA v. Robert Allen Cummins.
USA v. Robert Allen Cummins

Before she gave Cummins a 40-month prison sentence in 2017, Judge Ann Aiken admonished him for the pain and suffering his weapons were likely going to cause. She told him to read “Dreamland,” which chronicles America’s opioid crisis and its connection to Mexican drug cartels.

Guns and violence

In 2021 the ATF teamed up with academics to produce the National Firearms Commerce and Trafficking Assessment. It showed that the share of firearms trafficked to Mexico, already the top market for illegal U.S.-to-foreign gun transfer, increased by 20% from 2017 to 2021.

Gun sales are strictly regulated within Mexico. But homicides have risen to disturbing heights – three times that of the U.S. – since the lapse of the U.S. assault weapons ban in 2004. Research suggests the two are linked.

After their mother was killed by organized crime five years ago, Emylce Ines Espinoza-Alarcon’s sister’s family migrated to the States, she said.

Espinoza-Alarcon, her children and other relatives were more recently driven from their homes by violence. “As a parent, you try to flee to a different place where they might be safe,” Espinoza-Alarcon said. She said she believes American weapons are to blame, but there “is nowhere else for us to go.”

Emylce Ines Espinoza-Alarcon holds her toddler as she listens while her aunt, Alicia Zomora-Guevara, front, describes the cartel attack on her town that forced their families into exile. Zomora-Guevara’s son, Kevin Jait Alarcon-Zamora, stands to the right, and Espinoza-Alarcon’s son and teenage daughter sit on the Mexico City hotel room bed in front of her.
Sean Campbell, CC BY-ND

A 2023 survey found that 88% of the 180,000 Mexican migrants to the U.S. that year were fleeing violence – a flip from 2017 when most were coming for economic opportunity.

The ATF’s enforcement

ATF inspections keep illicit guns in check, our analysis shows.

The agency’s primary enforcement tools are inspections, violations reports, warning letters and meetings, and, when inspectors find violations that are reckless or willfully endanger the public, revocation notices.

But the bureau’s 2025 congressional budget request points out that it would need 1,509 field investigators to reach its goal of inspecting each dealer at least once every three years.

The ATF is “focusing on identifying and addressing willful violations,” a spokesperson wrote in a November 2024 email, referring to the zero-tolerance revocation policy the Biden administration put in place in 2021 that dramatically increased the number of revocations.

Meanwhile, the ATF announced in April 2025 that it was repealing the revocation policy and reviewing recent rules, including one that clarifies when a gun is a rifle. The webpage listing revocations, including detailed reports, was also removed from the ATF site.

This is a condensed version. To learn more about the connections between U.S. gun sales, U.S. regulations, Mexican drug cartels and migration, read the full investigation

The authors do not work for, consult, own shares in or receive funding from any company or organization that would benefit from this article, and have disclosed no relevant affiliations beyond their academic appointment.

– ref. Guns bought in the US and trafficked to Mexican drug cartels fuel violence in Mexico and the migration crisis – https://theconversation.com/guns-bought-in-the-us-and-trafficked-to-mexican-drug-cartels-fuel-violence-in-mexico-and-the-migration-crisis-256070
MIL OSI – Global Reports –
May 29, 2025
MIL-OSI Africa: The African Development Bank approves an investment of US$100 million in Arise Integrated Industrial Platforms Limited.

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

ABIDJAN, Ivory Coast, May 28, 2025/APO Group/ —

The Board of Directors of the African Development Bank (www.AfDB.org) has approved an investment of $100 million in the industrial platform developer and operator Arise Integrated Industrial Platforms Ltd (Arise IIP) to contribute to funding industrial parks and special economic zones across Africa as a part of our industrialization strategic priority and flagship Special Agro-Industrial Processing Zones (SAPZ).

The industrial platforms developed and operated by Arise IIP are primarily dedicated to supporting the transformation of key agricultural and industrial value chains in African countries that are leading global suppliers of raw commodities but have limited local processing capabilities. The platforms will provide developed industrial land, shared infrastructure and utilities, good export connectivity and simplified administrative procedures to agro-industrial tenants, allowing them to relocate global supply chains and value addition within African countries, while contributing to the reduction of carbon footprint of trade flows.

Arise IIP seeks to replicate its successful industrial platform implementation experience in Gabon, Togo and Benin by establishing Special Economic Zones across other African countries with the aim of improving Africa’s export competitiveness and intra-Africa trade strategies.

“There is economic and social value to be added to African-grown commodities like timber, cashew, cocoa and cotton when they are processed locally instead of being exported in raw form. Through programs like the African Development Bank’s Special Agro-Industrial Processing Zones and investments in Zones partner companies like Arise IIP, we enable transformative, private sector-led agro-industrialization that boosts local processing of commodities, creates jobs and grows rural economies,” said Dr. Beth Dunford, the African Development Bank’s Vice President for Agriculture, Human and Social Development.

Based on Arise IIP’s existing portfolio in Gabon (Gabon Special Economic Zone – GSEZ), Benin (Glo Djigbe Industrial Zone – GDIZ) and Togo (Plateforme Industrielle d’Adetikope – PIA), it is estimated that over 400 companies have been on-boarded from 47 industry sectors, which has led to the creation of over 50,000 jobs. The dominant sectors include wood, glass, soya, cashew processing, cotton processing and textiles, ceramics, beverages, pharmaceuticals and meat processing. It is also estimated that over $7 billion has been mobilized by tenant companies within the existing zones.

“This investment in ARISE IIP is a signal of the Bank’s commitment to scaling up industrialization in Africa in value chains where we are competitive. This is also a demonstration of the strategic partnership we have with African MFIs such as the Africa Finance Corporation (AFC) and the Fund for Export Development in Africa (FEDA), the Afreximbank’s equity impact investment arm, who are the principal equity investors in ARISE IIP. This is a good demonstration of our joint goals of making Africa’s capital work better for Africa’s development”, said Solomon Quaynor, African Development Bank’s Vice President for Private Sector, Infrastructure and Industrialization.

Gagan Gupta, CEO of Arise IIP, remarked, “The African Development Bank’s investment highlights their confidence in our model as a driver of Africa’s industrial growth. We are excited to strengthen our efforts in transforming local value chains, creating jobs, and supporting sustainable economic development across the continent. The dedication, vision, and hard work of the entire Arise team have been instrumental in building this partnership.”

MIL OSI Africa –

May 29, 2025
MIL-OSI: Snail, Inc. to Present at the Noble Capital Markets Emerging Growth Conference on June 4, 2025 at 2:30 PM ET

Source: GlobeNewswire (MIL-OSI)

CULVER CITY, Calif., May 28, 2025 (GLOBE NEWSWIRE) — Snail, Inc. (Nasdaq: SNAL) (“Snail Games” or the “Company”), a leading global independent developer and publisher of interactive digital entertainment, will be virtually presenting and holding one-on-one meetings at the Noble Capital Markets Emerging Growth Conference on June 4-5, 2025.

The Company’s management team is scheduled to present on June 4, 2025, at 2:30 p.m. Eastern time in a fireside-style Q&A format. To register for the presentation or to request one-on-one meetings, please visit https://nobleconference.com/virtual/ or contact Gateway Group at SNAL@gateway-grp.com.

A video webcast of the presentation will be available following the event on the Company’s Investor Relations website and on Channelchek.

About Snail, Inc.
Snail, Inc. (Nasdaq: SNAL) is a leading, global independent developer and publisher of interactive digital entertainment for consumers around the world, with a premier portfolio of premium games designed for use on a variety of platforms, including consoles, PCs, and mobile devices. For more information, please visit: https://snail.com/.

Investor Contact:
John Yi and Steven Shinmachi
Gateway Group, Inc.
949-574-3860
SNAL@gateway-grp.com

The MIL Network –

May 29, 2025
MIL-OSI: Primech A&P Secures New Contracts and Extensions Worth Over $2.6 Million for Q1 2025
Source: GlobeNewswire (MIL-OSI)

SINGAPORE, May 28, 2025 (GLOBE NEWSWIRE) — Primech A & P, a subsidiary of Primech Holdings Limited (the “Company”) (Nasdaq: PMEC), an established technology-driven facility services provider in the public and private sectors operating mainly in Singapore, today announced several newly secured contracts and extensions for the first quarter of 2025, with a total value exceeding $2.59 million.

The latest contract wins and extensions include:
- Secured a 2-year contract (January 2025 to December 2026) valued at $774,470 for public area cleaning and housekeeping services at a prominent international hotel chain in Singapore’s prime Orchard Road shopping district.
- Secured a 2-year contract (April 2025 to March 2027) valued at $676,150 for comprehensive cleaning services at a premium residential condominium development.
- Secured a 6-month extension (January through June 2025) valued at $563,620 for specialized cleaning services at a popular themed food destination within a major tourist attraction in Singapore.
- Secured a 1-year contract (May 2025 to April 2026) valued at $257,540 for cleaning services at an upscale residential condominium development in Singapore.
- Secured a 4-month extension (January through April 2025) valued at $168,150 for public area cleaning services at a prestigious international hotel in Singapore’s Central Business District.
- Secured a 1-year contract (January 2025 to January 2026) valued at $148,230 for cleaning services at a mid-sized residential condominium, expanding Primech’s residential service portfolio.
Mr. Khazid Omar, Chief Operating Officer of Primech A & P, commented, “We are delighted to announce these significant new contract wins and extensions across multiple sectors. These agreements underscore our clients’ confidence in our service quality and reflect our focus on expanding our presence in the premium residential and hospitality markets. As we continue integrating advanced technologies into our operations, we remain committed to delivering exceptional facility services tailored to each client’s unique requirements. These contracts provide a strong foundation for our growth trajectory in 2025 and beyond.”

About Primech Holdings Limited

Headquartered in Singapore, Primech Holdings Limited is a leading provider of comprehensive technology-driven facilities services, predominantly serving both public and private sectors throughout Singapore. Primech Holdings offers an extensive range of services tailored to meet the complex demands of its diverse clientele. Services include advanced general facility maintenance services, specialized cleaning solutions such as marble polishing and facade cleaning, meticulous stewarding services, and targeted cleaning services for offices and homes. Known for its commitment to sustainability and cutting-edge technology, Primech Holdings integrates eco-friendly practices and smart technology solutions to enhance operational efficiency and client satisfaction. This strategic approach positions Primech Holdings as a leader in the industry and a proactive contributor to advancing industry standards and practices in Singapore and beyond. For more information, visit www.primechholdings.com.

Forward-Looking Statements

Certain statements in this announcement are forward-looking statements, including, for example, statements about completing the acquisition, anticipated revenues, growth, and expansion. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy, and financial needs. These forward-looking statements are also based on assumptions regarding the Company’s present and future business strategies and the environment in which the Company will operate in the future. Investors can find many (but not all) of these statements by the use of words such as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “likely to” or other similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure that such expectations will be correct. The Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company’s registration statement and other filings with the SEC.

Company Contact:

Email: ir@primech.com.sg

Investor Relations Contact:

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

The MIL Network –
May 29, 2025
MIL-OSI: Helport AI to Participate in the Baird Global Consumer, Technology & Services Conference on June 3-5, 2025

Source: GlobeNewswire (MIL-OSI)

SINGAPORE and SAN DIEGO, May 28, 2025 (GLOBE NEWSWIRE) — Helport AI Limited (NASDAQ: HPAI) (“Helport AI” or the “Company”), an AI technology company serving enterprise clients with intelligent customer communication software and services, today announced that Amy Fong, President & Interim Chief Financial Officer, will participate in the Baird Global Consumer, Technology & Services Conference taking place at the InterContinental New York Barclay Hotel on June 3-5, 2025.

Baird’s Global Consumer, Technology & Services Conference is a renowned event among consumer, technology & services sector players. This invite-only conference brings together institutional and private equity investors with senior management from approximately 250 public and privately held companies for idea sharing, presentations and networking.

In addition to participating in 1×1 meetings with investors throughout the conference, Ms. Fong will take part in Baird’s Business Process Outsourcing (“BPO”) Dinner on Monday, June 2, 2025.

About Helport AI

Helport AI (NASDAQ: HPAI) is a global technology company serving enterprise clients with intelligent customer communication software and services. Its flagship product, AI Assist, acts as a real-time co-pilot for customer contact teams, delivering smart guidance and tools designed to drive sales, improve customer engagement, and lower costs. The Company’s mission is to empower everyone to work as an expert—using AI to elevate, not replace, human capability. Learn more at www.helport.ai.

Forward-Looking Statements

Certain statements in this announcement are forward-looking, including, but not limited to, Helport AI’s business strategies, expansion plans, and anticipated results. These statements involve risks and uncertainties based on current expectations and projections. Investors can identify these forward-looking statements by words or phrases such as “approximates,” “believes,” “hopes,” “expects,” “anticipates,” “estimates,” “projects,” “intends,” “plans,” “will,” “would,” “should,” “could,” “may” or other similar expressions, although not all forward-looking statements contain these identifying words. Helport AI undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although Helport AI 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 Helport AI cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in Helport AI’s registration statement and other filings with the U.S. Securities and Exchange Commission.

Media Contact
Helport AI Investor Relations
Email: ir@helport.ai
Website: https://ir.helport.ai/

External Investor Relations Contact
Chris Tyson
Executive Vice President, MZ North America
Direct: +1 949-491-8235
Email: HPAI@mzgroup.us
Website: www.mzgroup.us

The MIL Network –

May 29, 2025
MIL-OSI: Signing Day Sports Progresses Transaction and Executes Definitive Agreement with BlockchAIn Digital Infrastructure, a Profitable Data Hosting Company

Source: GlobeNewswire (MIL-OSI)

Proposed business combination will create a public company engaged in Crypto Mining, Artificial Intelligence (“AI”), and High-Performance Computing (“HPC”) Data Hosting Markets

BlockchAIn Digital Infrastructure Generated Audited Revenue of $26.8 million and Net Income of $5.7 million in 2024

Includes an Earnout if BlockchAIn Digital Infrastructure achieves or exceeds EBITDA of $25 million for 2026

Transaction to be completed at a significant premium to SGN’s current stock price

SCOTTSDALE, AZ, May 28, 2025 (GLOBE NEWSWIRE) — Signing Day Sports, Inc. (“Signing Day Sports” or the “Company”) (NYSE American: SGN), the developer of the Signing Day Sports app and platform to aid high school athletes in the recruitment process, today announced the signing of a definitive business combination agreement (“Business Combination Agreement” or “BCA”) to acquire 100% of the issued and outstanding membership interest of One Blockchain LLC (“One Blockchain”) (the operating affiliate company of BlockchAIn Digital Infrastructure) (One Blockchain and BlockchAIn Digital Infrastructure collectively, “blockchAIn Digital Infrastructure” or “blockchAIn DI”) which will operate a crypto mining, AI and HPC data hosting company with plans for 200MW in total power capacity from facilities in South Carolina and Texas. The proposed transaction was previously announced on April 14, 2025 following the signing of a non-binding letter of intent.

The transaction will be effected through a holding company structure, whereby Signing Day Sports and One Blockchain will become subsidiaries of BlockchAIn Digital Infrastructure, Inc. (“PubCo”). The transaction between One Blockchain and Signing Day Sports is expected to result in the combined company being traded on the NYSE American. Signing Day Sports will not be required to make any cash payment to One Blockchain or its securityholders in connection with the transaction. One Blockchain will continue to operate under blockchAIn DI’s management team led by Chairman and CEO Jerry Tang.

In 2024, blockchAIn Digital Infrastructure generated audited revenue of approximately $26.8 million and net income of approximately $5.7 million.

The market for digital infrastructure—including crypto mining, HPC, and AI-related computing—is evolving rapidly as demand for energy-efficient processing power continues to grow. Amid increasing sustainability standards and renewed emphasis on domestic infrastructure, blockchAIn Digital Infrastructure is positioned to pursue opportunities across a wide range of compute-intensive applications.

blockchAIn Digital Infrastructure’s current operations include a 40 MW crypto mining hosting facility in South Carolina with expansion capability to 50 MW for third-party crypto miners in South Carolina, subject to utility approval. blockchAIn Digital Infrastructure anticipates transitioning to internally owning and mining crypto currency at their South Carolina facility in late 2025 or early 2026, to facilitate revenue and earnings growth. blockchAIn Digital Infrastructure is also in the process of commissioning a new 150MW crypto mining, AI and HPC data hosting facility in Texas with favorable economics with 34.5kV of interconnectivity to the grid for activation in late 2026. The Texas facility can be modularly built providing flexibility for crypto mining and/or AI and HPC data hosting activities. It is currently anticipated that the first 100MW will be initially focused on internally owned crypto mining operations and the remaining 50MW of capacity used for AI and HPC data hosting. This capital efficient and flexible modular business model will provide blockchAIn DI with optionality to pursue different revenue mixes as the crypto mining, AI and HPC markets continue to develop.

Signing Day Sports views the proposed transaction as a compelling opportunity to enhance its platform by combining with a technology-driven business with strong fundamentals and scalable infrastructure.

Danny Nelson, Chief Executive Officer of Signing Day Sports, stated, “This transaction marks an exciting new chapter for Signing Day Sports, which we are confident has potential to bring substantial value to the stakeholders of both parties. blockchAIn DI’s scalable, cash-flowing bitcoin mining and AI data center platform positions the combined company to capitalize on the fast-growing HPC hosting market. With a 40 MW mining site in South Carolina with 10 MW expansion capacity and the significant upside potential resulting from the planned commissioning of a new facility in Texas, blockchAIn Digital Infrastructure is strategically positioned to meet the growing HPC workload demands, and we could not be more thrilled to deliver this unique growth opportunity to our shareholders.”

Jerry Tang, Chief Executive Officer of One Blockchain, added, “We are excited about the proposed transaction between blockchAIn Digital Infrastructure and Signing Day Sports, and the significant potential for value creation for both parties. In only a few short years since our inception, blockchAIn Digital Infrastructure has experienced rapid growth scaling to approximately $26.8 million in revenue and approximately $5.7 million in net income in 2024. Supported by our cash flow generation, we are positioned to become a leader in providing and operating sustainable, blockchain computing infrastructure and progress our significant growth goals forward. In the near term, blockchAIn Digital Infrastructure will look to bring bitcoin mining in-house, expand our South Carolina facility to 50MW, and build out our proposed 150MW facility in Texas to support the large demand for hosting services driven by various AI and mining applications. The business combination with Signing Day Sports will enable us to accelerate our robust growth in the public markets, and we look forward to executing on our business plan to drive value for all shareholders.”

Terms of the Transaction

The business combination will be effectuated through a holding company structure, whereby Signing Day Sports and One Blockchain will become subsidiaries of PubCo through merger transactions. Under the BCA, the consideration to be paid at closing to the securityholders of One Blockchain will be comprised of PubCo common shares with a value of approximately $215.0 million, subject to an exchange ratio and other certain adjustments, at an implied diluted value per share for PubCo of $5.12 (including adjustment as applicable for exchange listing purposes). Upon the closing of the business combination, the stock held by the stockholders of Signing Day Sports immediately before the closing of the transaction will be converted into the right to receive approximately 8.5% of the outstanding common stock of the combined company, and the equity securities of One Blockchain held by One Blockchain’s equity securityholders immediately before the closing of the transaction will be converted into the right to receive approximately 91.5% of the outstanding common shares of the combined company before fees and commissions to third parties. The board of directors of PubCo post-transaction will be comprised of no less than five (5) and no greater than seven (7) directors. At least one director will be designated by Signing Day Sports, and One Blockchain will designate the remaining directors.

The BCA also includes an earnout, in which additional PubCo shares equaling 11.628% of the total number of shares of PubCo issued to One Blockchain’s securityholders at closing will be issued to such former One Blockchain securityholders (the “Earnout Shares”). The Earnout Shares will be issued if PubCo achieves or exceeds net income plus interest, taxes, depreciation and amortization (“EBITDA”) of $25 million for the fiscal year ending December 31, 2026.

The boards of both companies have unanimously approved the signing of the BCA. The proposed transaction is expected to close late in the second half of 2025, subject to satisfying certain customary closing conditions, including the receipt of approvals from Signing Day Sports’ shareholders and the listing of PubCo registered common shares on the NYSE American.

The Business Combination Agreement contains customary representations, warranties and covenants made by Signing Day Sports and One Blockchain, including covenants that both parties use their commercially reasonably efforts to cause the transactions contemplated by the agreement to be completed, regarding obtaining the requisite approval of Signing Day Sports’ shareholders, regarding indemnification of directors and officers, and regarding Signing Day Sports’ and One Blockchain’s conduct of their respective businesses between the date of signing of the BCA and the closing. The BCA also contains certain termination rights for both Signing Day Sports and One Blockchain.

The Signing Day Sports board of directors has recommended to Signing Day Sports shareholders that they vote to approve the BCA and the transaction. Signing Day Sports also received a fairness opinion in connection with the transaction.

A more complete description of the terms of and conditions of the proposed transaction and related matters will be included in a current report on Form 8-K to be filed by Signing Day Sports with the U.S. Securities and Exchange Commission (“SEC”). A copy of the BCA will be attached as an exhibit to Form 8-K. All parties desiring details regarding the terms and conditions of the proposed transaction are urged to review that Form 8-K, and the exhibits attached thereto, which will be available on the SEC’s website found at www.sec.gov.

Advisors

Advisors to the transaction include Maxim Group LLC, which is serving as exclusive financial advisor to blockchAIn Digital Infrastructure. Loeb & Loeb LLP is serving as counsel to blockchAIn Digital Infrastructure. Bevilacqua PLLC is serving as counsel to Signing Day Sports.

Signing Day Sports

Signing Day Sports’ mission is to help student-athletes achieve their goal of playing college sports. Signing Day Sports’ app allows student-athletes to build their Signing Day Sports’ recruitment profile, which includes information college coaches need to evaluate and verify them through video technology. For more information on Signing Day Sports, go to https://bit.ly/SigningDaySports.

Additional Information and Where to Find It

In connection with the proposed business combination, PubCo plans to file or cause to be filed relevant materials with the SEC, including a registration statement on Form S-4 (the “Registration Statement”) that will contain a proxy statement of Signing Day Sports and a prospectus for registration of shares of PubCo. The Registration Statement has not been filed with or declared effective by the SEC. Following and subject to the Registration Statement being declared effective by the SEC, its definitive proxy statement/prospectus would be mailed or otherwise disseminated to Signing Day Sports stockholders. BEFORE MAKING ANY VOTING DECISION, INVESTORS AND SECURITY HOLDERS OF SIGNING DAY SPORTS ARE URGED TO READ THESE MATERIALS CAREFULLY AND IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT ONE BLOCKCHAIN, SIGNING DAY SPORTS, THE PROPOSED BUSINESS COMBINATION, AND RELATED MATTERS. The proxy statement/prospectus and other relevant materials (when they become available), and any other documents filed by PubCo and Signing Day Sports with the SEC, may be obtained free of charge at the SEC website at www.sec.gov. In addition, investors and security holders may obtain free copies of the documents filed with the SEC by Signing Day Sports by directing a written request to: Signing Day Sports, Inc., 8355 East Hartford Rd., Suite 100, Scottsdale, AZ 85255. Investors and security holders are urged to read the proxy statement/prospectus and the other relevant materials when they become available before making any voting or investment decision with respect to the proposed business combination.

Participants in the Solicitation

Signing Day Sports, and its directors, executive officers and certain other members of management and employees may, under SEC rules, be deemed to be participants in the solicitation of proxies from the shareholders of Signing Day Sports with respect to the proposed business combination and related matters. Information about the directors and executive officers of Signing Day Sports, including their ownership of shares of Signing Day Sports common stock, is included in Signing Day Sports’ Annual Report on Form 10-K for the year ended December 31, 2024, which was filed with the SEC on April 11, 2025, and Signing Day Sports’ Quarterly Report on Form 10-Q for the quarter ended March 31, 2025, which was filed with the SEC on May 15, 2025. Additional information regarding the persons or entities who may be deemed participants in the solicitation of proxies from Signing Day Sports shareholders, including a description of their interests in the proposed business combination by security holdings or otherwise, will be included in the proxy statement/prospectus and other relevant documents to be filed with the SEC when they become available. The managers and officers of One Blockchain do not currently hold any interests, by security holdings or otherwise, in Signing Day Sports.

No Offer or Solicitation

This communication does not constitute an offer to sell or the solicitation of an offer to buy any securities or a solicitation of any vote or approval, nor shall there be any sale of any securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of such other jurisdiction. No offering of securities in connection with the proposed business combination shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended.

Forward-Looking Statements

This press release contains “forward-looking statements” that are subject to substantial risks and uncertainties. All statements, other than statements of historical fact, contained in this press release are forward-looking statements. Forward-looking statements contained in this press release may be identified by the use of words such as “may,” “could,” “will,” “should,” “would,” “expect,” “plan,” “intend,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “project” or “continue” or the negative of these terms or other comparable terminology. These statements are only predictions. You should not place undue reliance on forward-looking statements because they involve known and unknown risks, uncertainties, and other factors, including without limitation, the parties’ ability to enter into definitive agreements and complete the transaction, the parties’ ability to integrate their respective businesses into a combined publicly listed company post-merger, the ability of the parties to obtain all necessary consents and approvals in connection with the transaction, obtain NYSE American clearance of a listing application in connection with the transaction, the parties’ ability to obtain their respective equity securityholders’ approval, obtain sufficient funding to maintain operations and develop additional services and offerings, market acceptance of the parties’ current products and services and planned offerings, competition from existing or new offerings that may emerge, impacts from strategic changes to the parties’ business on net sales, revenues, income from continuing operations, or other results of operations, the parties’ ability to attract new users and customers, the parties’ ability to retain or obtain intellectual property rights, the parties’ ability to adequately support future growth, the parties’ ability to comply with user data privacy laws and other current or anticipated legal requirements, and the parties’ ability to attract and retain key personnel to manage their business effectively. These risks, uncertainties and other factors are expected to be further described in a proxy statement/prospectus to be filed with the Securities and Exchange Commission relating to this transaction. See also the section titled “Risk Factors” in the Company’s periodic reports which are filed with the Securities and Exchange Commission. These risks, uncertainties and other factors are, in some cases, beyond the parties’ control and could materially affect results. If one or more of these risks, uncertainties or other factors become applicable, or if these underlying assumptions prove to be incorrect, actual events or results may vary significantly from those implied or projected by the forward-looking statements. No forward-looking statement is a guarantee of future performance. All subsequent written and oral forward-looking statements concerning Signing Day Sports, One Blockchain, or any of their affiliates, or other matters and attributable to Signing Day Sports, One Blockchain, any of their affiliates, or any person acting on their behalf are expressly qualified in their entirety by the cautionary statements above. Forward-looking statements contained in this announcement are made as of this date, and the Company undertakes no duty to update such information except as required under applicable law.

Investor Contacts:
Crescendo Communications, LLC
212-671-1020
SGN@crescendo-ir.com

The MIL Network –

May 29, 2025
MIL-OSI: Eos Energy Secures Strategic Order for Faraday Microgrid’s Project in California

Source: GlobeNewswire (MIL-OSI)

EDISON, N.J., May 28, 2025 (GLOBE NEWSWIRE) — Eos Energy Enterprises, Inc. (NASDAQ: EOSE) (“Eos” or the “Company”), America’s leading innovator in designing, manufacturing, and providing zinc-based long duration energy storage systems sourced and manufactured in the United States, today announced it has secured an order with Faraday Microgrids to deploy a 3 MW / 15 MWh Eos Z3™ system for a commercial microgrid application on tribal land in California.

Funded partially by the California Energy Commission (CEC), the project will support the development of a renewable energy microgrid featuring a highly flexible long duration energy storage system, designed to bolster resilience for the tribe’s facilities, provide critical backup power, and deliver demand savings and utility ancillary services.

“This strategic project further demonstrates the performance and reliability of our Z3 systems in real world applications,” said Nathan Kroeker, Eos Chief Commercial Officer and Interim Chief Financial Officer. “As a repeat order through our established partners at Faraday and the CEC, this deployment serves as a testament to the strength of our commercial relationships and reinforces our mission to deliver resilient, reliable and domestically manufactured energy solutions.”

The project highlights Eos’ continued momentum in California’s growing energy market and its role in supporting American energy independence. Along with its Z3 systems, Eos will also provide integration services to ensure seamless deployment and operation.

“It is our great pleasure to once again partner with Eos to deploy their cutting-edge zinc-bromide energy storage technology in one of the largest renewable energy microgrids in the Western United States,” said Faraday Chief Executive Officer, David Bliss. “This will support a Native American community and contribute to bulk grid-edge power stability and availability – demonstrating the ability of distributed energy resources to support the safety and growth of vibrant communities in California and across North America.”

This is Eos’ eighth project in partnership with the CEC, and second with Faraday Microgrids, highlighting the Company’s growing presence in this critical market and the state’s commitment to advancing Made-in-USA energy storage applications.

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. For more information about Eos (NASDAQ: EOSE), visit eose.com.

About Faraday Microgrids

Faraday Microgrids is the trusted guide for hospitals, industrial facilities, and institutions seeking energy independence. We design, build, and operate turnkey microgrid systems that cut energy costs, boost reliability, and support sustainability—without the complexity. From financing to installation and long-term support, Faraday delivers custom energy systems that keep critical operations running, no matter what.

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

Forward Looking Statements

Except for the historical information contained herein, the matters set forth in this press release are forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include, but are not limited to, statements regarding our expected revenue, for the fiscal years December 31, 2025, our path to profitability and strategic outlook, statements regarding orders backlog and opportunity pipeline, statements regarding our expectation that we can continue to increase product volume on our state-of-the-art manufacturing line, statements regarding our future expansion and its impact on our ability to scale up operations, statements regarding our expectation that we can continue to strengthen our overall supply chain, statements regarding our expectation that our new comprehensive insurance program will provide increased operational and economic certainty, statements that refer to the delayed draw term loan with Cerberus, milestones thereunder and the anticipated use of proceeds, statements that refer to outlook, projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions. The words “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intends,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “would” and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements are based on our management’s beliefs, as well as assumptions made by, and the information currently available to, them. Because such statements are based on expectations as to future financial and operating results and are not statements of fact, actual results may differ materially from those projected.

Factors which may cause actual results to differ materially from current expectations include, but are not limited to: changes adversely affecting the business in which we are engaged; our ability to forecast trends accurately; our ability to generate cash, service indebtedness and incur additional indebtedness; our ability to achieve the operational milestones on the delayed draw term loan; our ability to raise financing in the future; risks associated with the credit agreement with Cerberus, including risks of default, dilution of outstanding Common Stock, consequences for failure to meet milestones and contractual lockup of shares; our customers’ ability to secure project financing; the amount of final tax credits available to our customers or to Eos pursuant to the Inflation Reduction Act; the timing and availability of future funding under the Department of Energy Loan Facility; our ability to continue to develop efficient manufacturing processes to scale and to forecast related costs and efficiencies accurately; fluctuations in our revenue and operating results; competition from existing or new competitors; our ability to convert firm order backlog and pipeline to revenue; risks associated with security breaches in our information technology systems; risks related to legal proceedings or claims; risks associated with evolving energy policies in the United States and other countries and the potential costs of regulatory compliance; risks associated with changes to the U.S. trade environment; our ability to maintain the listing of our shares of common stock on NASDAQ; our ability to grow our business and manage growth profitably, maintain relationships with customers and suppliers and retain our management and key employees; risks related to the adverse changes in general economic conditions, including inflationary pressures and increased interest rates; risk from supply chain disruptions and other impacts of geopolitical conflict; changes in applicable laws or regulations; the possibility that Eos may be adversely affected by other economic, business, and/or competitive factors; other factors beyond our control; risks related to adverse changes in general economic conditions; and other risks and uncertainties.

The forward-looking statements contained in this press release are also subject to additional risks, uncertainties, and factors, including those more fully described in the Company’s most recent filings with the Securities and Exchange Commission, including the Company’s most recent Annual Report on Form 10-K and subsequent reports on Forms 10-Q and 8-K. Further information on potential risks that could affect actual results will be included in the subsequent periodic and current reports and other filings that the Company makes with the Securities and Exchange Commission from time to time. Moreover, the Company operates in a very competitive and rapidly changing environment, and new risks and uncertainties may emerge that could have an impact on the forward-looking statements contained in this press release.

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

The MIL Network –

May 29, 2025
MIL-OSI United Kingdom: ‘Highly deceptive’ fraudster secured Covid loan funds under his wife’s name and claimed innocent member of the public was his boss
Source: United Kingdom – Executive Government & Departments

Press release

‘Highly deceptive’ fraudster secured Covid loan funds under his wife’s name and claimed innocent member of the public was his boss

Bounce Back Loan fraudster also produced false invoice to liquidator
Shohid Ahmed applied for three Bounce Back Loans using his wife’s name, receiving £100,000 his Indian restaurant was not entitled to

An invoice claiming to show £15,000 of the loan was spent on refurbishing the restaurant was revealed to be false during Insolvency Service investigations

Ahmed also filed false documents with Companies House to suggest an innocent member of the public had taken over his business

A Bradford fraudster who secured £100,000 in Covid loan funds he was not entitled to and claimed an innocent member of the public was the director of his company has been jailed.

Shohid Ahmed used his wife’s name to apply for three maximum-value Bounce Back Loans on behalf of Red Square Restaurants Limited, an Indian restaurant on Huddersfield Road in Mirfield.

The 40-year-old received £100,000 of the £150,000 he fraudulently applied for in May and June 2020, with one of the applications refused.

Ahmed then used the personal details of a woman who rented a house from his father without her knowledge to create the illusion that she was the director of the company and had taken over the business.

He also produced invoices claiming to show the legitimate use of the Bounce Back Loans, one of which Insolvency Service investigators found to be fabricated.

Ahmed, of Bardsey Crescent, Bradford, pleaded guilty to offences under the Fraud Act 2006, Companies Act 2006 and Insolvency Act 1986 earlier this year.

He was sentenced to two years in prison at Bradford Crown Court on Tuesday 27 May.

Ahmed has repaid £5,000 of the Bounce Back Loans he illegally secured. The Insolvency Service is seeking to recover the remaining fraudulently obtained funds under the Proceeds of Crime Act 2002.

David Snasdell, Chief Investigator at the Insolvency Service, said:

Shohid Ahmed’s actions were highly deceptive and involved a range of serious offending.

He not only obtained two Bounce Back Loans for the restaurant he earlier had said was no longer trading, but implicated a totally innocent member of the public by creating the false impression that she was now the director of the company.

The Insolvency Service will not hesitate to prosecute Covid fraudsters such as Ahmed who have stolen from the public purse and caused harm to others.

Red Square Restaurants, which traded as Ruby’s Lounge, was incorporated in May 2018, with Ahmed’s wife as the sole director.

Ahmed himself was only officially director of the company for one day, being appointed and then resigning on 10 February 2020.

Despite not being the named director of the company, Ahmed made three Bounce Back Loan applications for Red Square Restaurants in the name of his wife as she had a better credit history than him.

Ahmed also claimed that the company was trading at the beginning of March 2020, to meet the requirements of the scheme.

That claim was contradicted by an application signed by Ahmed to strike the company off the Companies House register in early April 2020.

In the strike-off application, Ahmed said that the company had not traded in the previous three months.

Money from the Bounce Back Loans was also not used for the economic benefit of the business, as it should have been under the scheme.

Ahmed claimed that an invoice of £15,000 showed that money was spent on an interior redesign of his restaurant using a firm based in Stockton-on-Tees.

However, investigators found that the address for the design company Ahmed claimed to have used was actually a cafe which had been trading for 37 years.

Neither the cafe which occupied the unit or the landlord who manages the building had ever heard of the firm of interior designers.

A liquidator was appointed to wind-up Red Square Restaurants in July 2020.

Shortly before this, Ahmed filed false documents with Companies House claiming that a new director had been appointed on New Year’s Day in 2020.

Insolvency Service investigators spoke to the listed director who confirmed that she had no association whatsoever with Red Square Restaurants and had simply rented a house from Ahmed’s father.

However, Ahmed falsely claimed that she was the manager of the business who ran it day-to-day and had the power to recruit and dismiss members of staff.

Ahmed also falsely claimed that she had taken out both Bounce Back Loans and had access to the bank accounts where the money was deposited.

He added that he was a waiter and drew a salary of only £12,000.

Ahmed was disqualified as a company director for 11 years in December 2021 for his misconduct at Red Square Restaurants.

A restaurant under a different name now operates from the same address that Red Square Restaurants traded from. Shohid Ahmed is not a director of this company.

Further information

Shohid Ahmed is of Bardsey Crescent, Bradford. His date of birth is 23 January 1985

Red Square Restaurants Limited (company number 11370189)

Read more about the Bounce Back Loan Scheme and the action the Insolvency Service can take if it finds misconduct 

Further information about the work of the Insolvency Service, and how to complain about financial misconduct.

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Published 28 May 2025
MIL OSI United Kingdom –
May 29, 2025
MIL-OSI: Upexi Buys Additional Locked SOL at a Discount for $11.8 million

Source: GlobeNewswire (MIL-OSI)

Purchases 77,879 locked SOL for $11.8 million

Upexi now has 679,677 SOL, valued at $121.2 million at the current price of $178.26¹

TAMPA, Fla., May 28, 2025 (GLOBE NEWSWIRE) — Upexi, Inc. (NASDAQ: UPXI), a brand owner specializing in the development, manufacturing, and distribution of consumer products with diversification into the cryptocurrency space, today announced it purchased 77,879 locked SOL at $151.50 each for a total of $11.8 million. At the current $178.26 price of SOL, this represents a $2.1 million, or 17.7%, built-in gain for investors.

Upexi now holds 679,677 SOL, acquired for $96.5 million and valued at $121.2 million, for a gain of $24.5 million inclusive of both SOL appreciation and the discount. 58% of Upexi’s SOL is locked and was purchased at a discount.

Allan Marshall, CEO of Upexi, commented, “Our recent purchase both provides investors access to discounted locked Solana that they may not otherwise have, while also effectively doubling the staking yield in a safe and prudent manner. We remain laser-focused on acquiring and HODLing as much SOL as possible for the benefit of our shareholders.”

¹Spot price of $178.26 at 5:00 pm EST on May 27, 2025.

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

Forward Looking Statements
This news release contains “forward-looking statements” as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations, or intentions regarding the future. For example, the Company is using forward looking statements when it discusses the anticipated use of proceeds. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with business strategy, potential acquisitions, revenue guidance, product development, integration, and synergies of acquiring companies and personnel. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward- looking statements. Although we believe that the beliefs, plans, expectations, and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-K and other periodic reports filed from time-to-time with the Securities and Exchange Commission.

Company Contact
Brian Rudick, Chief Strategy Officer
Email:brian.rudick@upexi.com
Phone: (216) 347-0473

Investor Relations Contact
KCSA Strategic Communications
Valter Pinto, Managing Director
Email: Upexi@KCSA.com
Phone: (212) 896-1254

The MIL Network –

May 29, 2025
MIL-OSI: Aether Holdings Added to Russell Microcap® Index

Source: GlobeNewswire (MIL-OSI)

NEW YORK, May 28, 2025 (GLOBE NEWSWIRE) — Aether Holdings, Inc. (Nasdaq: ATHR) (“Aether” or the “Company”), an emerging financial technology platform company that offers proprietary research analytics, announced that it expects to be added as a member of the Russell Microcap® Index, effective after the U.S. market opens on June 30 as part of the 2025 Russell indexes reconstitution.

Each index within the Russell U.S. Indexes is reconstituted each year to capture the 4,000 largest U.S. stocks as of Wednesday, April 30, ranking them by total market capitalization and grouping them according to certain criteria. Membership in the Russell Microcap® Index, which remains in place for one year, means automatic inclusion in the appropriate growth and value style indexes. FTSE Russell determines membership for its Russell indexes primarily by objective, market-capitalization rankings, and style attributes.

“Being added to the Russell Microcap® Index within just two months of our IPO is a truly exciting and rewarding milestone for Aether Holdings and validates our growth plans since going public,” said Nicolas Lin, CEO of Aether Holdings. “This inclusion enhances our visibility among institutional investors and reflects the market’s recognition of our novel position and strategy in the fintech space. As we continue to scale our proprietary research analytics platform and expand Alpha Edge Media, membership in the Russell Microcap® Index provides us with increased exposure to a broader investor base who can participate in our mission to democratize sophisticated market intelligence and redefine excellence in financial technology.”

Investment managers and institutional investors widely use Russell indexes for index funds and as benchmarks for active investment strategies. Russell’s U.S. indexes serve as the benchmark for about $10.6 trillion in assets as of the close of June 2024. Russell indexes are part of FTSE Russell, the global index provider.

Fiona Bassett, CEO of FTSE Russell, an LSEG business, commented, “The Russell indexes have continuously adapted to the evolving dynamic U.S. economy, and it’s crucial to fully recalibrate the suite of Russell U.S. Indexes, ensuring the indexes maintain an accurate representation of the market. The transition to a semi-annual reconstitution frequency from 2026 will ensure our indexes continue to represent the market and maintain the purpose of the index as a portfolio benchmark.”

About FTSE Russell, an LSEG Business

FTSE Russell is a global index leader that provides innovative benchmarking, analytics and data solutions for investors worldwide. FTSE Russell calculates thousands of indexes that measure and benchmark markets and asset classes in more than 70 countries, covering 98% of the investable market globally. FTSE Russell index expertise and products are used extensively by institutional and retail investors globally. Approximately $18.1 trillion is benchmarked to FTSE Russell indexes. Leading asset owners, asset managers, ETF providers and investment banks choose FTSE Russell indexes to benchmark their investment performance and create ETFs, structured products and index-based derivatives.

A core set of universal principles guides FTSE Russell index design and management: a transparent rules-based methodology is informed by independent committees of leading market participants. FTSE Russell is focused on applying the highest industry standards in index design and governance and embraces the IOSCO Principles. FTSE Russell is also focused on index innovation and customer partnerships as it seeks to enhance the breadth, depth and reach of its offering.

FTSE Russell is wholly owned by London Stock Exchange Group.

About Aether Holdings, Inc.

Aether Holdings, Inc. (Nasdaq: ATHR) is an emerging financial technology holding company focused on transforming the way investors navigate the markets. Leveraging decades of market expertise and cutting-edge technology, Aether delivers proprietary tools, data, and research to empower traders with actionable insights and enhanced decision-making capabilities.

Aether’s flagship platform, SentimenTrader.com, is designed to serve both retail and institutional investors by offering advanced sentiment analysis through the use of machine learning (ML) and artificial intelligence (AI) capabilities. With over 20 years of sentiment data integrated into its systems, Aether aims to provide its users with a powerful combination of technology and expertise, enabling them to make informed decisions to level up their trading in the markets.

Aether has also established Alpha Edge Media, Inc., a wholly owned subsidiary dedicated to building and scaling a new generation of digital-first financial newsletter media content and brands.

Aether is committed to building an ecosystem that supports smarter, data-driven trading strategies, reinforcing its mission to empower the investing community and redefine excellence in fintech. By integrating advanced technologies, including artificial intelligence tools with the critical thinking and analytical abilities of its team of evidence-based trading veterans, Aether aims to provide its users with a powerful combination of technology and expertise, enabling them to make informed decisions to level up their trading in the markets.

Find out more about Aether Holdings at https://helloaether.com/

Cautionary Note Regarding Forward Looking Statements

This news release and statements of Aether’s management in connection with this news release contain or may contain “forward-looking statements” within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. In this context, forward-looking statements mean statements related to future events, which may impact our expected future business and financial performance, and often contain words such as “expects”, “anticipates”, “intends”, “plans”, “believes”, “potential”, “will”, “should”, “could”, “would” or “may” and other words of similar meaning. In this press release, forward-looking statements relate to the timing for and anticipated benefits of Aether’s inclusion in the Russell Microcap® Index as described herein. These and other forward-looking statements are based on information available to us as of the date of this news release and represent management’s current views and assumptions. Forward-looking statements are not guarantees of future performance, events or results and involve significant known and unknown risks, uncertainties and other factors, which may be beyond our control. For Aether, particular risks and uncertainties that could cause our actual future results to differ materially from those expressed in our forward-looking statements include but are not limited to the following: (i) risks related to Aether’s ability to adequately market its products and services, and to develop or acquire additional products and product offerings; (ii) risks related to intense competition in the fintech and financial newsletter sector; (iii) risk related to artificial intelligence and machine learning; (iv) the inability of Aether to maintain and protect its reputation for trustworthiness and independence; (v) the inability of Aether to attract new users and subscribers and convert free users to paying subscribers; (vi) similar risks and uncertainties associated with operating a relatively small business a rapidly evolving industry. Readers are cautioned not to place undue reliance on these forward-looking statements, which apply only as of the date of this news release. These factors may not constitute all factors that could cause actual results to differ from those discussed in any forward-looking statement, and Aether therefore encourages investors to review other factors that may affect future results in its filings with the SEC, which are available for review at www.sec.gov and at https://investor.helloaether.com/#sec-filings. Accordingly, forward-looking statements should not be relied upon as a predictor of actual results. We do not undertake to update our forward-looking statements to reflect events or circumstances that may arise after the date of this news release, except as required by law.

Aether Holdings, Inc. Contact
Nicolas Lin, CEO
(347) 363-0886
ir@helloaether.com

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

Media Contact
Jessica Starman, MBA
media@helloaether.com

The MIL Network –

May 29, 2025

Category: Finance

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The ATF’s enforcement

‘Highly deceptive’ fraudster secured Covid loan funds under his wife’s name and claimed innocent member of the public was his boss

Further information

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