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Category: Finance

  • MIL-OSI: UAB “Atsinaujinančios energetikos investicijos” Starts Exchange And Cash Tender Offer For Notes ISIN LT0000405938

    Source: GlobeNewswire (MIL-OSI)

    NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES (INCLUDING ITS TERRITORIES AND POSSESSIONS, ANY STATE OF THE UNITED STATES AND THE DISTRICT OF COLUMBIA), CANADA, AUSTRALIA, SOUTH AFRICA OR JAPAN, OR ANY OTHER JURISDICTION IN WHICH PUBLICATION, DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL. OTHER RESTRICTIONS ARE APPLICABLE. PLEASE SEE THE IMPORTANT NOTICE IN THIS STOCK EXCHANGE RELEASE BELOW.

    • Under the Exchange offer, the Noteholders of Notes ISIN LT0000405938 (EUR 2021/2025 Notes) may exchange the EUR 2021/2025 Notes to new senior unsecured Notes ISIN LT0000134439 (EUR 2025/2027 Notes) to be issued at an exchange ratio of 1 to 1. These EUR 2025/2027 Notes will carry an annual interest rate of 8.0% and be issued under Final Terms and Base Prospectus approved on 27 May 2025.
    • Investors participating in the Exchange offer will receive unpaid accrued interest in cash from 14 December 2024 until 13 June 2025 (including) to be paid on 16 June 2025.
    • Under Cash Tender offer the Noteholders of EUR 2021/2025 Notes may receive a cash payment of 99 per cent of Denomination per each EUR 2021/2025 Note tendered on 13 June 2025, plus unpaid accrued interest in cash from 14 December 2024 until 13 June 2025 (including) to be paid on 16 June 2025.
    • The Exchange offer period for Noteholders of EUR 2021/2025 Notes will run from 28 May 2025 to 11 June 2025, 2:30 pm CEST/3:30 pm Vilnius time.
    • Cash Tender offer period for Noteholders of EUR 2021/2025 Notes will run from 28 May 2025 to 12 June 2025, 2:30 pm CEST/3:30 pm Vilnius time.

    Closed – End Investment Company Intended for Informed Investors UAB “Atsinaujinančios energetikos investicijos” has launched its public offering of EUR 2025/2027 Notes and an offer to exchange its EUR 2021/2025 Notes for new EUR 2025/2027 Notes, or alternatively, to tender the EUR 2021/2025 Notes (Denomination of EUR 100,000 and integral multiples of EUR 1,000) for a cash payment of EUR 99.00 per Denomination. The objective is to refinance the EUR 2021/2025 Notes and issue new EUR 2025/2027 Notes in an amount up to EUR 65 million.
    Manager of Closed – End Investment Company Intended for Informed Investors UAB “Atsinaujinančios energetikos investicijos”: “With the exchange offer, we are offering existing EUR 2021/2025 Notes investors a possibility to conveniently switch their investment maturing on December 2025 to the newly issued debt securities. As to the cash offer, since after the sale of Polish PV portfolio at the end of 2024 the company has collected excess cash proceeds, it was decided to provide an additional liquidity opportunity for existing investors to tender their notes to the Issuer. The company has allocated up to EUR 10 million for the tender offer which can be increased up to EUR 30 million subject to demand of new EUR 2025/2027 Notes.”
    Closed – End Investment Company Intended for Informed Investors UAB “Atsinaujinančios energetikos investicijos” has appointed FMĮ UAB Orion Securities to act as the Lead Manager to UAB “Atsinaujinančios energetikos investicijos” in Exchange and Cash Tender offer for EUR 2021/2025 Notes.

    EXCHANGE AND CASH OFFER
    Noteholders of the EUR 2021/2025 Notes (ISIN LT0000405938) are invited to:

    • Exchange their existing EUR 2021/2025 Notes (ISIN LT0000405938) at a 1:1 ratio for new senior unsecured EUR 2025/2027 Notes (ISIN LT0000134439) with a denomination of EUR 100,000 and integral multiples of EUR 1,000, carrying an annual interest rate of 8.0% to be issued under Final Terms and Base Prospectus approved on 27 May 2025.
    • In case there is an oversubscription of EUR 2025/2027 Notes the investors shall be satisfied and the number of EUR 2025/2027 Notes to be allocated to each investor shall be determined upon the discretion of the Issuer.

    Alternatively, the Noteholders of the EUR 2021/2025 Notes (ISIN LT0000405938) may:

    • Tender their existing EUR 2021/2025 Notes (ISIN LT0000405938) for cash payment of 99 per cent of Denomination per each EUR 2021/2025 Note tendered to be paid on 13 June 2025, plus accrued and unpaid interest from 14 December 2024 until 13 June 2025 (including) to be paid on 16 June 2025.
    • Cash offer is of minimum EUR 10 million; cash offer maximum amount of EUR 30 million is subject to demand of new EUR 2025/2027 Notes.

    The existing EUR 2021/2025 Notes not exchanged or tendered will remain outstanding and be redeemed at maturity.

    INFORMATION ON OFFERING PROCESS
    All noteholders will be notified of the offer through their depository banks. Upon instructing their custodian to participate—either by exchanging notes or tendering for cash—the respective EUR 2021/2025 Notes will be restricted from trading. Notes not instructed for participation will remain freely tradable.
    Exchange Offer Period: 28 May 2025 – 11 June 2025, closing at 2:30 pm CEST / 3:30 pm Vilnius time.
    Results Announcement: On or around 13 June 2025.

    NEW EUR 2025/2027 NOTES

    Closed – End Investment Company Intended for Informed Investors UAB “Atsinaujinančios energetikos investicijos” intends to issue new EUR 2025/2027 Notes in an amount of EUR 65 million with the following features:

    • Interest rate of 8.0% per annum.
    • Maturity of 2,5 years.
    • Terms and conditions: Final Terms and Base Prospectus. Documents are available at: https://lordslb.lt/AEI_green_bonds_2025/.
    • Listing on Nasdaq Vilnius Stock Exchange (Regulated Market).
    • Distribution period: from 28 May 2025 to 11 June 2025, 2:30 pm CEST/3:30 pm Vilnius time.

    INVESTOR PRESENTATIONS
    Manager of Closed – End Investment Company Intended for Informed Investors UAB “Atsinaujinančios energetikos investicijos” Mantas Auruškevičius will present the offer via webcast/conference call:

    • English-language session: 4 June 2025 at 13:00 CEST / 14:00 Vilnius time. Please register in advance to attend:

    https://us06web.zoom.us/webinar/register/WN_d32cZE8xSqyFs8tcMpwLqA#/registration

    • Lithuanian-language session: 5 June 2025 at 9:00 CEST / 10:00 Vilnius time. Please register in advance to attend:

    https://us06web.zoom.us/webinar/register/WN_wxUoUAWzQ9244uO9HlNX-g#/registration

    CONTACT INFORMATION

    For questions about the Exchange offer, please contact Orion Securities via email: corporateaction@orion.lt, phone: +37068758168.
    Further details and required documents are available at: https://lordslb.lt/AEI_green_bonds_2025/

    IMPORTANT INFORMATION
    The information contained herein is not for release, publication or distribution, in whole or in part, directly or indirectly, in or into the United States of America, Australia, Canada, Hong Kong, Japan, New Zealand, South Africa or any other countries or otherwise in such circumstances in which the release, publication or distribution would be unlawful. The information contained herein does not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of, the notes in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration, exemption from registration or qualification under the securities laws of any such jurisdiction. Persons into whose possession this announcement may come are required to inform themselves of and observe all such restrictions.
    This announcement does not constitute an offer of securities for sale in the United States of America. The notes have not been and will not be registered under the United States Securities Act of 1933, as amended (the “Securities Act”) or under the applicable securities laws of any state of the United States of America and may not be offered or sold, directly or indirectly, within the United States of America or to, or for the account or benefit of, U.S. persons (as defined under Regulation S under the Securities Act) except pursuant to an applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act.
    This announcement does not constitute an offer of notes to the public in the United Kingdom. No prospectus has been or will be approved in the United Kingdom in respect of the notes. Accordingly, this announcement is not being distributed to, and must not be passed on to, the general public in the United Kingdom. The communication of this announcement as a financial promotion may only be distributed to and is only directed at (i) persons who are outside the United Kingdom or (ii) investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the “Order”) or (iii) high net worth companies, and other persons to whom it may lawfully be communicated, falling within Article 49(2)(a) to (d) of the Order (all such persons in (i), (ii) and (iii) above together being referred to as “Relevant Persons”). Any invitation, offer or agreement to subscribe, purchase or otherwise acquire such securities will be engaged in only with, Relevant Persons. Any person who is not a Relevant Person should not act or rely on this announcement or any of its contents.

    Mantas Auruškevičius
    Manager of Closed – End Investment Company Intended for Informed Investors
    UAB “Atsinaujinančios energetikos investicijos”
    mantas.auruskevicius@lordslb.lt

    The MIL Network –

  • MIL-OSI Canada: Highway 1 bus lane construction begins between McKenzie, Colwood interchanges

    Major construction is underway on the Highway 1 bus-on-shoulder project, which will improve transit for people travelling between downtown Victoria and the Westshore.

    The new bus lanes will stretch from the McKenzie Interchange to the Colwood Interchange on Highway 1, making the bus a faster, more reliable and convenient option for commuters on southern Vancouver Island.

    Drivers should expect daytime lane shifts on Highway 1 during construction and are reminded to follow posted speed limits. The Burnside Road on-ramp and the Helmcken overpass will close overnight between 8 p.m. and 5:30 a.m. as needed. The Galloping Goose Trail may have short-term closures of as long as 15 minutes between 8 p.m. and 11 p.m. Highway closures will be updated on DriveBC. Trail closures will be marked with signs on site and posted on the project website.

    The Highway 1 bus-on-shoulder project will reduce congestion by prioritizing rapid transit, and is a key part of the South Island Transportation Strategy to create a dedicated rapid transit corridor between downtown Victoria and the Westshore as part of BC Transit’s RapidBus program.

    The project also includes a new pedestrian and cyclist bridge on the Galloping Goose Trail at Craigflower Creek to enhance active transportation in the area. Additional improvements include ecological restoration, upgraded bus stops at the Helmcken Interchange, realignments to Portage Road, widened ramps and new roadside barriers.

    This work complements the Colquitz Bridges Widening project, which is well underway and supports BC Transit’s upgrades in the Six Mile area of View Royal, improving connections between communities and creating a continuous, rapid-transit corridor. The project is expected to be completed in late fall 2027 and will provide a continuous system of transit-only lanes between downtown Victoria and the Colwood transit exchange.

    The bus-on-shoulder project is jointly funded, with the Province contributing $67 million and the federal government investing $28 million through the Public Transit Infrastructure Stream of the Investing in Canada Infrastructure Program.

    Learn More:

    To learn more about the Highway 1 bus-on-shoulder project, visit: https://gov.bc.ca/hwy1busonshoulder

    MIL OSI Canada News –

  • MIL-OSI USA: Carbajal Hosts Infrastructure Roundtable Discussion in Ventura

    Source: United States House of Representatives – Representative Salud Carbajal (CA-24)

    On May 23, Representative Salud Carbajal (D-CA-24) hosted an infrastructure roundtable discussion in Ventura. The discussion focused on Ventura’s priorities for highway, transit, and rail infrastructure as Congress prepares to update the Surface Transportation bill. As a senior member of the House Committee on Transportation and Infrastructure, the Congressman is working to ensure the Central Coast receives its fair share of federal infrastructure funding. Download photos here.

    “One of the best investments we can make in Ventura County’s future is upgrading our physical infrastructure,” said Rep. Carbajal, a senior member of the House Committee on Transportation and Infrastructure. “As Congress prepares to update the Surface Transportation bill, I met with local leaders to hear what Ventura needs from the federal government to advance its critical infrastructure projects.”

    Carbajal was joined by Ojai City Councilwoman, Ojai Mayor Pro-Tem, Vice Chair of the Board for Gold Coast Transit District, and Commissioner for Ventura County Transportation Commission (VCTC) Rachel Lang, VCTC Executive Director Martin Erickson, Ventura County Transportation Commissioner Jim White, Director of Ventura County Public Works Agency Gregg R. Strakaluse, and City Engineer for City of Ventura Peter Sheydayi.

    The regular reauthorization of our nation’s surface transportation programs is vital to national and economic security. Multi-year reauthorizations provide states with the long-term certainty they need to plan and execute many important surface transportation infrastructure projects. 

    The most recent surface transportation reauthorization was included in the much broader Infrastructure Investments and Jobs Act (IIJA); it expires on September 30, 2026.

    One of the Transportation and Infrastructure Committee’s main priorities for the 119th Congress is passing the next bipartisan, multi-year surface transportation reauthorization before the current law expires.

    In January 2025, the Committee began holding hearings to examine different aspects of our highway, transit, and rail transportation programs and ensure that Committee Members gather information in preparation for the development of this legislation.

    MIL OSI USA News –

  • MIL-OSI USA: Chairman Mast, Republicans Blast EU Inaction as Polish Globalists Undermine Free Election

    Source: US House Committee on Foreign Affairs

    Media Contact 202-226-8467

    WASHINGTON, D.C. – Today, House Foreign Affairs Committee Chairman Brian Mast led fellow members of the panel in a letter to European Commission President Ursula von der Leyen raising serious concerns over the European Union’s role in ensuring fair elections as Poland approaches the second round of its presidential elections on June 1, 2025.

    Chairman Mast and his fellow Republicans cite recent reports that a Polish NGO with ties to U.S. Democrat Party megadonor George Soros facilitated a social media campaign featuring $105,000 worth of allegedly illegal political ads promoting Civic Coalition candidate Rafal Trzaskowski and discrediting his rivals.

    The new developments follow a monthslong refusal by Poland’s current government to release tens of millions of dollars in public campaign funds to the opposition Law and Justice party.

    “Reports of foreign-funded political advertisements favoring Rafał Trzaskowski, the Civic Coalition (KO) candidate backed by Prime Minister Donald Tusk, that may have occurred in contravention of Polish law, combined with the Tusk government’s reported monthslong refusal to comply with court orders to release public funding to the opposition Law and Justice (PiS) party, suggest a deliberate effort to tilt the electoral playing field,” the lawmakers wrote. “These actions, occurring under the European Commission’s watch, expose a troubling double-standard in the EU’s approach to Poland’s rule of law, which demands your urgent attention.”

    In addition to Chairman Mast, the letter was co-signed by Reps. Chris Smith (R-NJ), Keith Self (R-TX), Darrell Issa (R-CA), Tim Burchett (R-TN), Warren Davidson (R-OH), Anna Paulina Luna (R-FL), and Andy Harris (R-MD).

    Read the full letter here and below.

    Dear President von der Leyen:

    We write to express profound alarm over reported developments in Poland that may undermine the integrity of its democratic processes, particularly as the country approaches the second round of its presidential election on June 1, 2025. Reports of foreign-funded political advertisements favoring Rafał Trzaskowski, the Civic Coalition (KO) candidate backed by Prime Minister Donald Tusk, that may have occurred in contravention of Polish law, combined with the Tusk government’s reported monthslong refusal to comply with court orders to release public funding to the opposition Law and Justice (PiS) party, suggest a deliberate effort to tilt the electoral playing field.  These actions, occurring under the European Commission’s watch, expose a troubling double-standard in the EU’s approach to Poland’s rule of law, which demands your urgent attention.

    On May 15, an investigation by a leading Polish publication reported that a Polish NGO, which received funding from organizations funded by U.S. Democratic Party megadonor George Soros’ Open Society Foundations, facilitated the production of social media advertisements promoting Trzaskowski and discrediting his rivals, PiS-backed Karol Nawrocki and Confederation-backed Sławomir Mentzen.  Several sources also reported that Estratos Digital GmbH—a Vienna-based firm majority-owned by Higher Ground Labs, a U.S. fund operated by major Democratic Party operatives who helped run the U.S. presidential campaigns of Barack Obama, Hillary Clinton, and Kamala Harris—was behind the approximately 420,000 PLN ($105,000 USD) in allegedly “illegal political ads” posted by the Polish NGO on Facebook since April 10, 2025 in support of Trzaskowski.  Estratos is the same organization that reportedly played a key role backing the anti-Viktor Orban opposition in Hungary’s 2022 elections, allegedly “concealing campaign financing sources, raising additional red flags about their operations in Poland.”

    Equally disturbing are reports of the Tusk government’s monthslong refusal to release tens of millions of dollars in public campaign funding that PiS is legally entitled to receive, defying a ruling by the Supervisory Chamber of Poland’s Supreme Court, a payment demand from Poland’s National Electoral Commission, and an opinion by Poland’s Ombudsman (Human Rights Commissioner) Marcin Wiące to release the money.  Further, by withholding these funds, the Tusk administration appears to be attempting to cripple PiS’s ability to compete fairly in the presidential election and violating the rule of law.

    The European Union, as a guarantor of democratic standards and human rights under the Treaty on European Union, has a responsibility to ensure that member states uphold the rule of law.  Yet, despite the European Commission’s vocal criticism and decision to withhold over $150 billion from Poland for alleged rule of law violations under the previous PiS government, it has remained conspicuously silent despite clear evidence of rule of law violations under Tusk’s administration.  In fact, in February 2024—after the Tusk government ousted and installed a new National Prosecutor without President Duda’s approval in reported violation of Polish law—the European Commission, under your direction, released $7.1 billion (€6.3 billion) of the funds it had been withholding from the PiS government despite the fact that the Tusk government had not yet implemented any of the “milestones” the EU had demanded the previous PiS government complete for their release.  This selective enforcement—condemning and sanctioning PiS while ignoring Tusk’s actions—suggests a double standard that could undermine the EU’s credibility as a guardian of democratic principles.

    These developments also raise critical questions about the integrity of Poland’s democratic institutions and the EU’s role in ensuring fair elections. To address these concerns, we respectfully request that your staff arrange a briefing to answer the following questions:

    1.        What entities provided the $105,000 (420,000 PLN) used for the Facebook advertisements promoting Rafał Trzaskowski, and did any of these funds originate from foreign sources in violation of Polish electoral law?

    2.        What role, if any, did Estratos Digital GmbH and its U.S.-based owner, Higher Ground Labs, play in coordinating or financing these advertisements, and to what extent were U.S. Democratic Party operatives directly involved?

    3.        How does the Commission justify its failure to address the Tusk government’s refusal to release millions of dollars in court-ordered funding to PiS, given its prior sanctions against the prior PiS government for rule-of-law violations?

    4.        Why has the Commission remained silent on Finance Minister Andrzej Domański’s defiance of Poland’s Supreme Court, National Electoral Commission, and Ombudsman rulings, given its previous vocal criticism and aggressive actions against the PiS government?

    5.        What oversight mechanisms, if any, has the Commission implemented to prevent foreign-funded NGOs, such as those linked to George Soros’ Open Society Foundations, from influencing Poland’s 2025 presidential election?

    ###

    MIL OSI USA News –

  • MIL-OSI Security: Lynchburg Man Pleads Guilty to Federal Firearms and Conspiracy Charges

    Source: Office of United States Attorneys

    LYNCHBURG, Va. – A Lynchburg, Virginia man, implicated in a series of incidents involving the illegal possession of a firearm and conspiring to access protected computer systems, pled guilty today to firearm and conspiracy charges.

    Brendon Cole Webber, 28, was arrested in May 2024 for being a convicted felon illegally in possession of a firearm. Webber pled guilty today to one count of illegal possession of a firearm by a previously convicted felon and two counts of conspiracy against the United States. 

    According to court documents, beginning in 2022, Webber was being supervised by the Lynchburg Community Corrections & Pretrial Services Department (LCCPS). In 2023, Jennifer Leigh Peters assumed the role of Acting Director of the LCCPS. Starting in approximately August 2023, Webber and Peters began a romantic relationship. Peters directly or indirectly supervised Webber’s probation throughout his LCCPS supervision. Peters, because of her role with LCCPS, had access to certain non-public, law enforcement materials, including the Lynchburg Police Department’s Records Management System (RMS). The RMS was a protected computer system that housed confidential non-public, law enforcement material.

    Between November 11, 2023 and January 9, 2024, Webber and Peters conspired to have Webber access RMS information without authorization. Specifically, Peters provided Webber with access to non-public confidential material on RMS, and Webber disseminated that non-public information to others.

    On November 30, 2023, Webber was charged with unlawfully possessing a firearm in violation of Virginia law and a warrant was issued for his arrest. Webber and Peters knew there was an active warrant for Webber’s arrest and knew there was an active U.S. Marshal’s fugitive manhunt for Webber’s apprehension.

    Around December 19, 2023, at Webber’s instruction, Peters drove Webber from Lynchburg, Virginia to Hughestown, Pennsylvania with the purpose of obstructing the U.S. Marshal’s Fugitive mission. Weber further directed Peters to book a hotel room during the drive. Webber was arrested in Hughestown, Pennsylvania on January 9, 2024.

    Webber previously pled guilty to state charges of conspiracy to commit computer fraud and conspiracy to obstruct justice, as well as to unlawfully possessing a firearm.

    According to court documents, law enforcement officers were flagged down by a citizen on Fifth Street in Lynchburg after the citizen reported seeing a man fall out of a moving vehicle then shoot a firearm in the direction of the same departing vehicle. The citizen told police the man who shot at the vehicle- ultimately identified as Webber- then ran toward the Family Dollar on Federal Street in downtown Lynchburg.

    Two other individuals driving past the incident witnessed Webber fall out of the vehicle. Webber asked the witnesses for a ride and attempted to enter their vehicle as law enforcement arrived on scene. Police officers searched the vehicle and found a loaded 9 mm handgun, a white bag containing suspected methamphetamine, and a wallet belonging to an unidentified individual in the back seat where Webber had been sitting.

    Acting United States Attorney Zachary T. Lee and Stanley M. Meador, Special Agent in Charge of the FBI’s Richmond Division made the announcement.

    The Federal Bureau of Investigation and the City of Lynchburg Police Department are investigating the case.

    Assistant U.S. Attorney Vito Iaia is prosecuting the case.

    MIL Security OSI –

  • MIL-OSI Security: Brandywine Man Sentenced for Federal Identity Theft and Bank, Wire, and Passport Fraud Charges

    Source: Office of United States Attorneys

    Baltimore, Maryland – Today, United States District Judge Stephanie A. Gallagher sentenced Llyod Linwood Comer, 63, of Brandywine, Maryland, to 41 months in federal prison, followed by three years of supervised release — with the first seven months on home detention — for conspiracy to commit wire fraud and bank fraud, passport fraud, identity theft, and possession of a firearm by a prohibited person. 

    Kelly O. Hayes, U.S. Attorney for the District of Maryland, announced the sentence with Acting Assistant Director of Investigations Joseph Jung, U.S. Department of State, Diplomatic Security Service (DSS), and Special Agent in Charge Colleen Lawlor, Social Security Administration, Office of the Inspector General (SSA-OIG) – Philadelphia Field Division.

    According to Comer’s guilty plea, from 2019 to 2021, Comer and his co-conspirator, Doreen Gilmore, aka Doreen Flummerfelt, 57, conspired to engage in a series of fraudulent schemes involving stolen identities.  The defendants used the names and identifying information of victims to purchase vehicles, and open or attempt to open, bank accounts and obtain bank cards. 

    Vehicles that the defendants acquired by using stolen identities included a 2017 Ford Explorer, fraudulently financed in the amount of $34,710; a Harley-Davidson motorcycle, fraudulently financed in the amount of $20,320; a second 2016 Harley Davidson motorcycle, fraudulently financed in the amount of $29,612; and a 2017 Coachmen Leprechaun RV fraudulently financed in the amount of $60,250.  Comer and Gilmore also submitted a mortgage application in Gilmore’s mother’s name, in the amount of $433,200, to purchase a residence in Brandywine, Maryland. 

    Comer and Gilmore sent multiple iterations of the loan application document to the lender over a few weeks, and sent a final, signed application of the loan on May 26, 2020.  They eventually secured a loan, based on the application, to purchase the home in Brandywine. Ultimately, the lender approved the loan, relying on the false and fraudulent information and documents that Comer and Gilmore submitted.

    In addition, Comer obtained a fraudulent United States passport by using identifying information from Gilmore’s deceased brother.  Then on December 13, 2019, Comer used the fraudulently obtained passport to travel to Jamaica for a weeding.

    On June 1, 2021, law-enforcement agencies executed a federal search warrant at the Brandywine residence. During the search, authorities found numerous identification-related documents bearing the names, Social Security numbers, dates of birth, and/or other identifying information belonging to various victims.  Among other items, authorities found identity documents bearing identification information from Gilmore’s mother and various victims in the residence. 

    During the June 1 search, law-enforcement agents also recovered 13 firearms and more than 6,600 rounds of ammunition.  Comer knowingly possessed the firearms and ammunition.  Authorities proved Comer possessed the firearms and ammunition through digital videos on electronic devices that they recovered during the search.

    Videos show Comer holding and apparently firing some of the firearms at the Brandywine residence.  The firearms and ammunition were “firearms” and “ammunition” as defined by federal law and were manufactured outside the state of Maryland.  Prior to possessing the firearms and ammunition on June 1, Comer was convicted of a crime punishable by imprisonment for a term exceeding one year, his civil rights had not been restored, and he knew this status when he possessed the firearms and ammunition.

    Gilmore was previously sentenced to time served followed by three years of supervised release for conspiracy to commit wire fraud and bank fraud, passport fraud, and identity theft.  The court also ordered the defendants to pay $52,355 in restitution to various victim businesses.

    U.S. Attorney Hayes commended DSS and SSA-OIG for their work in the investigation.  Ms. Hayes also thanked Assistant U.S. Attorney Michael C. Hanlon who prosecuted the case.

    For more information about the Maryland U.S. Attorney’s Office, its priorities, and resources available to report fraud, visit justice.gov/usao-md  and justice.gov/usao-md/community-outreach.

    # # #

    MIL Security OSI –

  • MIL-OSI: Gevo Promotes Leke Agiri to Chief Financial Officer

    Source: GlobeNewswire (MIL-OSI)

    ENGLEWOOD, Colo., May 27, 2025 (GLOBE NEWSWIRE) — Gevo, Inc. (NASDAQ: GEVO), is pleased to announce the appointment of Oluwagbemileke (Leke) Agiri as Chief Financial Officer, effective as of May 21, 2025. Mr. Agiri succeeds L. Lynn Smull, who will continue with the Company in a new role as Executive Vice President and Senior Advisor to the Chief Executive Officer, focusing on strategic initiatives and to aide and support a seamless transition.

    Mr. Agiri brings extensive experience and leadership in corporate finance, capital markets, and strategic growth, both organic and inorganic. Since joining Gevo in August 2022, he has served in key leadership roles, most recently as Executive Vice President, Finance, where he has been instrumental in driving financial strategy and planning. His prior experience includes finance positions in the renewable energy and energy sectors at organizations including Bank of America (BAC), Occidental Petroleum Corporation (OXY) and Anadarko Petroleum Corporation (APC). Mr. Agiri earned a Masters in Business Administration in Finance and Energy from Jones Graduate School of Business at Rice University and a Bachelor of Science in Chemical Engineering from the University of Virginia.

    “We’ve been developing Leke to replace me as the CFO as I approach retirement in my future. Leke has stepped up to every challenge that we have thrown at him. I look forward to a smooth transition with him. It’s my duty to make sure I can help Gevo in any way possible. I also look forward to bringing my skills to bear on some of the exciting projects that Gevo is developing,” said Lynn Smull, Executive Vice President and former CFO of Gevo.

    “Leke has been an integral part of our finance team and has demonstrated outstanding leadership and expertise in advancing Gevo’s mission,” said Patrick Gruber, CEO of Gevo. “His appointment reflects our long–term succession planning and confidence in his ability to help lead Gevo through its next phase of growth.

    This leadership evolution reflects Gevo’s commitment to building a strong, future-ready team capable of executing on its ambitious goals for innovation and value creation.”

    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 synthetic aviation fuel (“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. We also operate 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.

    Forward-Looking Statements
    Certain statements in this press release may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements relate to a variety of matters, without limitation, including the promotion of Leke Agiri, and other statements that are not purely statements of historical fact. These forward-looking statements are made on the basis of the current beliefs, expectations and assumptions of the management of Gevo and are subject to significant risks and uncertainty. Investors are cautioned not to place undue reliance on any such forward-looking statements. All such forward-looking statements speak only as of the date they are made, and Gevo undertakes no obligation to update or revise these statements, whether as a result of new information, future events or otherwise. Although Gevo believes that the expectations reflected in these forward-looking statements are reasonable, these statements involve many risks and uncertainties that may cause actual results to differ materially from what may be expressed or implied in these forward-looking statements. For a further discussion of risks and uncertainties that could cause actual results to differ from those expressed in these forward-looking statements, as well as risks relating to the business of Gevo in general, see the risk disclosures in the Annual Report on Form 10-K of Gevo for the year ended December 31, 2024, and in subsequent reports on Forms 10-Q and 8-K and other filings made with the U.S. Securities and Exchange Commission by Gevo.

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

    Investor Contact
    Eric Frey, PhD
    Vice President of Finance & Strategy
    IR@gevo.com

    The MIL Network –

  • MIL-OSI: TeraWulf Acquires Beowulf Electricity & Data, Streamlining Corporate Structure

    Source: GlobeNewswire (MIL-OSI)

    EASTON, Md., May 27, 2025 (GLOBE NEWSWIRE) — TeraWulf Inc. (Nasdaq: WULF) (“TeraWulf” or the “Company”), which owns and operates vertically integrated, next-generation digital infrastructure primarily powered by zero-carbon energy, announced today the acquisition of 100% of the membership interests of Beowulf Electricity & Data LLC and its affiliates (collectively, “Beowulf E&D”). The strategic transaction simplifies TeraWulf’s corporate structure and eliminates a related-party relationship consolidating resources under a unified operating framework.

    Transaction Overview

    The total consideration for the transaction is approximately $52.4 million, consisting of $3 million in cash and 5 million shares of TeraWulf common stock issued at closing. The agreement also includes up to $19 million in contingent cash payments and up to $13 million in additional common stock, subject to the achievement of key milestones related to the expansion of TeraWulf’s data center business and project financing initiative. As part of the acquisition, 94 employees from Beowulf E&D – including Lake Mariner site staff and corporate support personnel – have transitioned to TeraWulf employment. In addition, the existing services agreement with Beowulf E&D, which had included substantial ongoing payments, has been terminated in conjunction with the closing. The Company’s previously announced 2025 cost guidance, including SG&A expenses of $40-$45 million and operating expenses of $20-$25 million, remains unchanged following the acquisition.

    Strategic Rationale        

    The acquisition provides several key strategic benefits:

    • Strengthened Vertical Integration and Energy Expertise. Beowulf E&D brings deep experience in the development and operation of power generation assets and related electrical infrastructure. Integrating this capability directly into TeraWulf supports the Company’s long-term growth strategy, especially as power generation becomes increasingly integral to high-power compute operations.
    • Enhanced Access to Capital Markets. A simplified corporate structure improves transparency for debt investors and facilitates the creation of a repeatable, efficient process for accessing project financing in support of upcoming HPC infrastructure initiatives.
    • Expanded Investor Appeal. The elimination of a related-party structure enables broader engagement with institutional and long-only investors who may have been constrained by related-party disclosures in prior filings.

    “This acquisition consolidates our operations under a single, unified structure,” said Kerri Langlais, Chief Strategy Officer of TeraWulf. “It enhances transparency, strengthens governance, and provides greater strategic flexibility as we pursue long-term growth and value creation. With all employees operating under one roof, we are well-positioned to scale our next-generation infrastructure and support the evolving demands of AI and high-power compute workloads.”

    The transaction was negotiated and approved by a special independent committee of the Company’s Board of Directors comprised entirely of independent directors (the “Independent Committee”). The Independent Committee consulted independent legal counsel Reed Smith LLP and received a fairness opinion from Piper Sandler & Co. in connection with the transaction.

    About TeraWulf

    TeraWulf develops, owns, and operates environmentally sustainable, next-generation data center infrastructure in the United States, specifically designed for bitcoin mining and hosting HPC workloads. Led by a team of seasoned energy entrepreneurs, the Company owns and operates the Lake Mariner facility situated on the expansive site of a now retired coal plant in Western New York. Currently, TeraWulf generates revenue primarily through bitcoin mining, leveraging predominantly zero-carbon energy sources, including hydroelectric and nuclear power. Committed to environmental, social, and governance (ESG) principles that align with its business objectives, TeraWulf aims to deliver industry-leading economics in mining and data center operations at an industrial scale.

    Forward-Looking Statements

    This press release contains forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995, as amended. Such forward-looking statements include statements concerning anticipated future events and expectations that are not historical facts. All statements, other than statements of historical fact, are statements that could be deemed forward-looking statements. In addition, forward-looking statements are typically identified by words such as “plan,” “believe,” “goal,” “target,” “aim,” “expect,” “anticipate,” “intend,” “outlook,” “estimate,” “forecast,” “project,” “seek,” “continue,” “could,” “may,” “might,” “possible,” “potential,” “strategy,” “opportunity,” “predict,” “should,” “would” and other similar words and expressions, although the absence of these words or expressions does not mean that a statement is not forward-looking. Forward-looking statements are based on the current expectations and beliefs of TeraWulf’s management and are inherently subject to a number of factors, risks, uncertainties and assumptions and their potential effects. There can be no assurance that future developments will be those that have been anticipated. Actual results may vary materially from those expressed or implied by forward-looking statements based on a number of factors, risks, uncertainties and assumptions, including, among others: (1) the ability to mine bitcoin profitably; (2) our ability to attract additional customers to lease our HPC data centers; (3) our ability to perform under our existing data center lease agreements (4) changes in applicable laws, regulations and/or permits affecting TeraWulf’s operations or the industries in which it operates; (5) the ability to implement certain business objectives, including its bitcoin mining and HPC data center development, and to timely and cost-effectively execute related projects; (6) failure to obtain adequate financing on a timely basis and/or on acceptable terms with regard to expansion or existing operations; (7) adverse geopolitical or economic conditions, including a high inflationary environment, the implementation of new tariffs and more restrictive trade regulations; (8) the potential of cybercrime, money-laundering, malware infections and phishing and/or loss and interference as a result of equipment malfunction or break-down, physical disaster, data security breach, computer malfunction or sabotage (and the costs associated with any of the foregoing); (9) the availability and cost of power as well as electrical infrastructure equipment necessary to maintain and grow the business and operations of TeraWulf; and (10) other risks and uncertainties detailed from time to time in the Company’s filings with the Securities and Exchange Commission (“SEC”). Potential investors, stockholders and other readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date on which they were made. TeraWulf does not assume any obligation to publicly update any forward-looking statement after it was made, whether as a result of new information, future events or otherwise, except as required by law or regulation. Investors are referred to the full discussion of risks and uncertainties associated with forward-looking statements and the discussion of risk factors contained in the Company’s filings with the SEC, which are available at www.sec.gov.

    Investors:
    Investors@terawulf.com 

    Media:
    media@terawulf.com 

    The MIL Network –

  • MIL-OSI: FormFactor Named #1 Global Supplier in Test Subsystems and Focused Chip Making Equipment

    Source: GlobeNewswire (MIL-OSI)

    LIVERMORE, Calif., May 27, 2025 (GLOBE NEWSWIRE) — FormFactor, Inc. (NASDAQ: FORM), a leading semiconductor test and measurement supplier, has been named the #1 global supplier in both the Test Subsystems and Focused Chip Making Equipment categories in TechInsights’ 2025 global semiconductor industry customer satisfaction survey. The company earned five-star ratings in multiple categories, including:

    • Global #1 – Test Subsystems
    • Global #1 – Focused Suppliers of Chip Making Equipment
    • Global Semiconductor Supplier Award – Top 10 Customer Service (Focused Suppliers of Chip Making Equipment)
    • Global Semiconductor Supplier Award – Assembly Test Equipment

    Each year, TechInsights surveys semiconductor manufacturers worldwide to rate suppliers based on three key criteria: supplier performance, customer service, and product performance. This marks twelve consecutive years that FormFactor has been recognized in the Test Subsystems category, which includes probe cards, test sockets, and device interface boards.

    “Customers consistently give FormFactor high rankings for quality and technology leadership,” said G. Dan Hutcheson, Vice Chair, TechInsights. “In multiple categories, FormFactor continues to stand out as a Five Star supplier.”

    “We are honored to be recognized by our customers as both the top Focused Supplier of Chip Making Equipment and the top supplier of Test Subsystems worldwide. This recognition is a testament to the dedication of our worldwide team, as we strive to continuously improve our customer collaboration and support, guided by our core FORM value of Focus on the Customer,” said FormFactor CEO Mike Slessor. “As semiconductor test and measurement complexity increases, driven by rapid advances in areas like advanced packaging and AI-driven applications such as High-Bandwidth Memory, our commitment to technology leadership, quality, and execution remains steadfast. These awards reflect our continued investment in helping customers solve their toughest test challenges through world-leading collaboration, innovation, and support.”

    About TechInsights
    TechInsights is the most trusted source of actionable, in-depth intelligence related to semiconductor innovation and surrounding markets. Our content informs decision makers and professionals whose successes depend on accurate knowledge of the semiconductor industry – past, present, or future. Our unmatched reverse engineering analysis, images, and expert commentary are accessed through the TechInsights Platform, the world’s largest research library of semiconductor and market analysis. Our customers include the most successful technology companies, who rely on our analysis to make informed business decisions faster and with greater confidence.

    About FormFactor
    FormFactor, Inc. (NASDAQ: FORM), is a leading provider of essential test and measurement technologies along the full IC life cycle – from characterization, modeling, reliability, and design debug, to qualification and production test. Semiconductor companies rely upon FormFactor’s products and services to accelerate profitability by optimizing device performance and advancing yield knowledge. The Company serves customers through its network of facilities in Asia, Europe, and North America. For more information, visit the Company’s website at www.formfactor.com.

    Trade Contact
    Aasutosh Dave
    Chief Commercial Officer
    aasutosh.dave@formfactor.com

    Investor Contact
    Stan Finkelstein
    Investor Relations
    (925) 290-4273
    ir@formfactor.com

    The MIL Network –

  • MIL-OSI: Concrete Pumping Holdings Sets Second Quarter 2025 Earnings Conference Call for Thursday, June 5, 2025

    Source: GlobeNewswire (MIL-OSI)

    DENVER, May 27, 2025 (GLOBE NEWSWIRE) — Concrete Pumping Holdings, Inc. (Nasdaq: BBCP) (“CPH” or the “Company”), a leading provider of concrete pumping and waste management services in the U.S. and U.K., will hold a conference call on Thursday, June 5, 2025, at 5:00 p.m. Eastern Time to discuss its financial results for the second quarter ended April 30, 2025. The Company will report its financial results in a press release prior to the conference call.

    CPH’s CEO Bruce Young and CFO Iain Humphries will host the conference call, followed by a question-and-answer period.

    Date: Thursday, June 5, 2025
    Time: 5:00 p.m. Eastern Time (3:00 p.m. Mountain Time)
    Toll-free dial-in number: 1-877-407-9039
    International dial-in number: 1-201-689-8470
    Conference ID: 13752905

    Please call the conference telephone number 5-10 minutes prior to the start time. An operator will register your name and organization. If you have any difficulty connecting with the conference call, please contact Gateway Group, Inc. at 1-949-574-3860.

    The conference call will be broadcast live and is available for replay here as well as the investor relations section of the Company’s website at www.concretepumpingholdings.com.

    A replay of the conference call will be available after 8:00 p.m. Eastern Time on the same day through June 12, 2025.

    Toll-free replay number: 1-844-512-2921
    International replay number: 1-412-317-6671
    Replay ID: 13752905

    About Concrete Pumping Holdings

    Concrete Pumping Holdings is the leading provider of concrete pumping services and concrete waste management services in the fragmented U.S. and U.K. markets, primarily operating under what we believe are the only established, national brands in both geographies – Brundage-Bone for concrete pumping in the U.S., Camfaud in the U.K., and Eco-Pan for waste management services in both the U.S. and U.K. The Company’s large fleet of specialized pumping equipment and trained operators position it to deliver concrete placement solutions that facilitate labor cost savings to customers, shorten concrete placement times, enhance worksite safety and improve construction quality. Highly complementary to its core concrete pumping service, Eco-Pan seeks to provide a full-service, cost-effective, regulatory-compliant solution to manage environmental issues caused by concrete washout. As of January 31, 2025, the Company provided concrete pumping services in the U.S. from a footprint of approximately 90 branch locations across 22 states, concrete pumping services in the U.K. from approximately 35 branch locations, and route-based concrete waste management services from 20 operating locations in the U.S. and one shared location in the U.K. For more information, please visit www.concretepumpingholdings.com or the Company’s brand websites at www.brundagebone.com, www.camfaud.co.uk, or www.eco-pan.com.

    Company Contact:

    Iain Humphries
    Chief Financial Officer
    1-303-289-7497

    Investor Relations:

    Gateway Group, Inc.
    Cody Slach
    1-949-574-3860
    BBCP@gateway-grp.com

    The MIL Network –

  • MIL-OSI: CarGurus to Present at William Blair’s 45th Annual Growth Stock Conference

    Source: GlobeNewswire (MIL-OSI)

    BOSTON, May 27, 2025 (GLOBE NEWSWIRE) — CarGurus, Inc. (Nasdaq: CARG), the No. 1 most visited digital auto platform for shopping, buying, and selling new and used vehicles1, today announced that Jason Trevisan, Chief Executive Officer, is scheduled to participate in a fireside chat at William Blair’s 45th Annual Growth Stock Conference on Tuesday, June 3, 2025, at 10:20 AM ET.

    A webcast of the fireside chat will be accessible from the Investor Relations page of the company’s website at https://investors.cargurus.com beginning at the time indicated above, and an archive of the presentation will be available there for 30 days following the event.

    About CarGurus, Inc.

    CarGurus (Nasdaq: CARG) is a multinational, online automotive platform for buying and selling vehicles that is building upon its industry-leading listings marketplace with both digital retail solutions and the CarOffer online wholesale platform. The CarGurus platform gives consumers the confidence to purchase and/or sell a vehicle either online or in-person, and it gives dealerships the power to accurately price, effectively market, instantly acquire, and quickly sell vehicles, all with a nationwide reach. The company uses proprietary technology, search algorithms, and data analytics to bring trust, transparency, and competitive pricing to the automotive shopping experience. CarGurus is the most visited automotive shopping site in the U.S. 1

    In addition to the U.S. marketplace, the company operates online marketplaces under the CarGurus brand in Canada and the U.K., as well as independent online marketplace brands Autolist in the U.S. and PistonHeads in the U.K.

    To learn more about CarGurus, visit www.cargurus.com, and for more information about CarOffer, visit www.caroffer.com.

    CarGurus® is a registered trademark of CarGurus, Inc., and CarOffer® is a registered trademark of CarOffer, LLC. All other product names, trademarks and registered trademarks are the property of their respective owners.

    1Similarweb: Traffic Report [Cars.com, Autotrader, TrueCar, CARFAX Listings (defined as CARFAX Total visits minus Vehicle History Reports traffic)], Q1 2025, U.S.

    Investor Contact:
    Kirndeep Singh
    Vice President, Head of Investor Relations
    investors@cargurus.com

    Media Contact:
    Maggie Meluzio
    Director, Public Relations & External Communications
    pr@cargurus.com

    The MIL Network –

  • MIL-OSI: Compass Diversified Takes Action to Improve its Financial Position in Response to Investigation into Lugano Holding, Inc.

    Source: GlobeNewswire (MIL-OSI)

    Entered into Forbearance Agreement with Lender Group

    Reduced Management Fees

    Suspended Quarterly Distribution on Common Shares

    Received Notice of Late Filing from NYSE

    WESTPORT, Conn., May 27, 2025 (GLOBE NEWSWIRE) — Compass Diversified (NYSE: CODI) (“CODI”) today provided an update on steps it is taking to enhance liquidity and reduce costs in the wake of its announcement that it is investigating, and has preliminarily identified irregularities in, the financing, accounting, and inventory practices at its subsidiary, Lugano Holding, Inc. (“Lugano”).

    CODI has taken the following actions:

    • Entered into a forbearance agreement with its lender group to preserve sufficient liquidity to maintain normal operations.
    • Significantly reduced management fees paid by CODI.
    • Restricted investment in Lugano, focusing resources on CODI’s eight other market leading subsidiaries.
    • Suspended the quarterly cash distribution historically paid to common shareholders in order to preserve cash and protect long-term value.

    “We are taking decisive action to enhance liquidity, reduce costs, and preserve value for all stakeholders,” said Elias Sabo, Chief Executive of Compass Diversified. “We are encouraged by the support of our lenders as we take the necessary steps to reduce leverage and restore compliance with our debt covenants.”

    Mr. Sabo continued, “Our structure and diversified business model give us the flexibility to help isolate and ring fence the challenges at Lugano while continuing to support the growth and execution of our healthy businesses. CODI’s other eight subsidiaries continue to execute and we believe they are well positioned to grow in their respective markets. As our subsidiaries generate cash, we are focused on quickly deleveraging and ultimately maximizing value for all shareholders.”

    Separately – and as expected when CODI delayed the filing of its first quarter 2025 Form 10-Q (the “Form 10-Q”) – CODI received notice from the New York Stock Exchange (“NYSE”) on May 20, 2025, stating that CODI is not in compliance with Section 802.01E of the NYSE Listed Company Manual as a result of its failure to timely file the Form 10-Q prior to May 19, 2025, the end of the extension period provided by Rule 12b-25 under the Securities Exchange Act of 1934, as amended. This notice has no immediate effect on CODI’s listing status. The notice informed CODI that, under NYSE rules, CODI has six months from May 19, 2025, to regain compliance with the NYSE listing standards by filing the Form 10-Q with the Securities and Exchange Commission (the “SEC”). If CODI fails to file the Form 10-Q within the six-month period, the NYSE may grant, in its sole discretion, an extension of up to six additional months for CODI to regain compliance, depending on the specific circumstances. The notice also noted that the NYSE may nevertheless, in its own discretion, commence delisting proceedings at any time during such period.

    As previously disclosed in CODI’s Notification of Late Filing on Form 12b-25, filed on May 13, 2025, with the SEC, CODI was unable to file the Form 10-Q on a timely basis due to the ongoing internal investigation of Lugano. CODI cannot make any assurances regarding the timing of the Form 10-Q or the restated financial information for the fiscal year ended December 31, 2024 (or the potential need to restate additional periods), but CODI is continuing to work diligently to file the Form 10-Q as soon as reasonably practicable.

    CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS

    This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including without limitation expectations as to the timing and outcome of the Lugano investigation, the willingness of CODI’s lenders to provide future relief and/or waivers, the timing of filing the Form 10-Q and subsequent periodic reports, the timing for compliance with NYSE continued listing requirements, CODI’s future liquidity and leverage and compliance with debt covenants, the future performance of CODI and CODI’s non-Lugano subsidiaries, CODI’s future plans for Lugano, future management fee obligations, the amount of any potential misstatements associated with Lugano and the impact any such misstatements may have on CODI’s previously issued financial statements or results of operations, CODI’s beliefs and expectations relating to the anticipated financial and other impacts of internal control failures and the items subject to investigation and restatement review, and CODI’s remediation efforts and efforts to prepare financial statements. Such forward looking statements may be identified by, among other things, the use of forward-looking terminology such as “believe,” “expect,” “may,” “could,” “would,” “plan,” “intend,” “estimate,” “predict,” “potential,” “continue,” “should” or “anticipate” or the negative thereof or other variations thereon or comparable terminology, or by discussions of strategy that involve risks and uncertainties. These statements are based on beliefs and assumptions by the Board of Directors and management, and on information currently available to the Board of Directors and management. These statements involve risk and uncertainties that could cause CODI’s actual results and outcomes to differ, perhaps materially, including but not limited to: the discovery of additional information relevant to the investigation; the conclusions of the Audit Committee (and timing of those conclusions) concerning matters relating to the investigation; the timing of the review by, and the conclusions of, CODI’s independent registered public accounting firm regarding the investigation and CODI’s financial statements; a further material delay in CODI’s financial reporting or ability to hold an annual meeting of stockholders; the impacts of restatement reviews and the potential need to restate additional periods; CODI’s ability to regain compliance with NYSE continued listing requirements; the cooperation of, and future concessions granted by, CODI’s lenders and manager; the likelihood that the control deficiencies identified or that may be identified in the future will result in material weaknesses in CODI’s internal control over financial reporting; and commercial litigation relating to CODI’s representations regarding its financial statements and litigation, enforcement actions or investigations relating to CODI’s internal controls, restatement reviews, the investigation described in this press release or related matters. Please see CODI’s Annual Report on Form 10-K for the year ended December 31, 2024 for other risk factors that you should consider in connection with such forward-looking statements. Investors are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date such statements have been made. Except as required by applicable law, CODI does not undertake any public obligation to update any forward-looking statements to reflect events, circumstances, or new information after the date of this press release, or to reflect the occurrence of unanticipated events.

    Compass Diversified
    Ben Avenia-Tapper
    Vice President – Investor Relations
    irinquiry@compassdiversified.com

    Gateway Group
    Cody Slach
    949.574.3860
    CODI@gateway-grp.com

    Media Relations
    Compass Diversified
    mediainquiry@compassdiversified.com

    The IGB Group
    Leon Berman
    212.477.8438
    lberman@igbir.com

    The MIL Network –

  • MIL-OSI: Gevo Appoints Industry Veteran James Barber, Ph.D. to Board of Directors

    Source: GlobeNewswire (MIL-OSI)

    ENGLEWOOD, Colo., May 27, 2025 (GLOBE NEWSWIRE) — Gevo, Inc. (NASDAQ: GEVO), a leader in sustainable aviation fuel and renewable chemicals, announced today the appointment of James J. Barber, Ph.D., to its Board of Directors. Dr. Barber brings decades of executive leadership and board experience in public and private companies including fuels, chemicals, biobased materials, micro-optics, carbon nanofibers, joint ventures and licensing. Dr. Barber currently serves on the board of directors of Graham Corporation (NYSE: GHM), where he chairs the Compensation Committee and is a member of the Audit and Nomination and Governance Committees.

    Dr. Barber holds a Ph.D. in Organic Chemistry from the Massachusetts Institute of Technology (MIT) and a B.S. in Chemistry from Rensselaer Polytechnic Institute. He is also a recipient of the American Chemical Society’s Henry F. Whalen, Jr. Award for Business Development and holds a Directorship Certification from the National Association of Corporate Directors.

    “We welcome Dr. Barber to the Board,” said Dr. Patrick R. Gruber, CEO of Gevo. “His deep technical expertise, strategic acumen, and boardroom leadership will be invaluable as we grow our company.”

    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 synthetic aviation fuel (“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. We also operate 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.

    Forward-Looking Statements
    Certain statements in this press release may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements relate to a variety of matters, without limitation, including the promotion of James Barber, and other statements that are not purely statements of historical fact. These forward-looking statements are made on the basis of the current beliefs, expectations and assumptions of the management of Gevo and are subject to significant risks and uncertainty. Investors are cautioned not to place undue reliance on any such forward-looking statements. All such forward-looking statements speak only as of the date they are made, and Gevo undertakes no obligation to update or revise these statements, whether as a result of new information, future events or otherwise. Although Gevo believes that the expectations reflected in these forward-looking statements are reasonable, these statements involve many risks and uncertainties that may cause actual results to differ materially from what may be expressed or implied in these forward-looking statements. For a further discussion of risks and uncertainties that could cause actual results to differ from those expressed in these forward-looking statements, as well as risks relating to the business of Gevo in general, see the risk disclosures in the Annual Report on Form 10-K of Gevo for the year ended December 31, 2024, and in subsequent reports on Forms 10-Q and 8-K and other filings made with the U.S. Securities and Exchange Commission by Gevo.

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

    Investor Contact
    Eric Frey, PhD
    Vice President of Finance & Strategy
    IR@gevo.com

    The MIL Network –

  • MIL-OSI: Kayne Anderson Energy Infrastructure Fund Announces Appointment of New Independent Directors

    Source: GlobeNewswire (MIL-OSI)

    HOUSTON, May 27, 2025 (GLOBE NEWSWIRE) — Kayne Anderson Energy Infrastructure Fund, Inc. (the “Company” or “KYN”) announced today the appointments of Holli C. Ladhani and Michael N. Mears as independent directors of the Company, effective immediately. Following the retirements of Anne K. Costin and Albert L. Richey earlier this year, the appointments of Ms. Ladhani and Mr. Mears return the Company’s Board to eight members, seven of whom are independent.

    Holli C. Ladhani is an experienced executive and board director in the energy, chemicals, power, and infrastructure sectors. Ms. Ladhani most recently served as President, Chief Executive Officer, and a member of the board of directors of Select Energy Services, Inc., a publicly traded provider of water management and chemical solutions to the energy industry. Prior to that, she was Chairman and CEO of Rockwater Energy Solutions, where she also held earlier executive roles, including Chief Financial Officer. Earlier in her career, Ms. Ladhani served as Executive Vice President and CFO of Dynegy Inc., and began her professional journey at PricewaterhouseCoopers.

    Ms. Ladhani currently serves on the boards of Quanta Services, Inc. (NYSE: PWR), AmSpec, and the forthcoming Amrize spin-off from Holcim (NYSE: AMRZ). She previously served on the boards of Marathon Oil (until its acquisition by ConocoPhillips in 2024), Atlantic Power, Noble Energy, and Rosetta Resources. She has also served on the Board of Trustees of Rice University since 2018. Ms. Ladhani holds a Bachelor of Business Administration in Accounting from Baylor University and an MBA from Rice University.

    Michael N. Mears is an accomplished executive in the energy infrastructure sector and an experienced director in the energy and power sectors. Mr. Mears most recently served as Chairman, President, and Chief Executive Officer of Magellan Midstream Partners, L.P., a publicly traded pipeline and storage company, from 2011 until his retirement in April 2022. He joined Magellan at its formation in 2002 and held several senior leadership roles, including Chief Operating Officer and Senior Vice President of Transportation and Terminals. Prior to Magellan, Mr. Mears held a range of management positions at Williams Pipeline Company, the predecessor to Magellan, where he began his career in 1985.

    Mr. Mears currently serves on the boards of Devon Energy Corporation (NYSE: DVN) and Sempra (NYSE: SRE). At Sempra, he chairs the Corporate Governance Committee and serves on the Executive and Compensation and Talent Development Committees. Mr. Mears holds a Bachelor of Science degree in Chemical and Petroleum Refining Engineering from the Colorado School of Mines.

    “We are honored to welcome Holli and Mike to KYN’s Board of Directors,” said Jim Baker, Chairman, President, and CEO. “Their extensive experience in the energy and power sectors – as both senior executives and directors – will bring valuable insight to our Board. The energy and power infrastructure sectors continue to be very dynamic, and I am confident their insights will strengthen our ability to evaluate opportunities in these sectors with greater perspective,” concluded Mr. Baker.

    Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE: KYN) is a non-diversified, closed-end management investment company registered under the Investment Company Act of 1940, as amended, whose common stock is traded on the NYSE. The Company’s investment objective is to provide a high after-tax total return with an emphasis on making cash distributions to stockholders. KYN intends to achieve this objective by investing at least 80% of its total assets in securities of Energy Infrastructure Companies. See Glossary of Key Terms in the Company’s most recent quarterly report for a description of these investment categories and the meaning of capitalized terms.

    The Company pays cash distributions to common stockholders at a rate that may be adjusted from time to time. Distribution amounts are not guaranteed and may vary depending on a number of factors, including changes in portfolio holdings and market conditions. 

    This press release shall not constitute an offer to sell or a solicitation to buy, nor shall there be any sale of any securities in any jurisdiction in which such offer or sale is not permitted. Nothing contained in this press release is intended to recommend any investment policy or investment strategy or consider any investor’s specific objectives or circumstances. Before investing, please consult with your investment, tax, or legal adviser regarding your individual circumstances.

    CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS: This communication contains statements reflecting assumptions, expectations, projections, intentions, or beliefs about future events. These and other statements not relating strictly to historical or current facts constitute forward-looking statements as defined under the U.S. federal securities laws. Forward-looking statements involve a variety of risks and uncertainties. These risks include but are not limited to changes in economic and political conditions; regulatory and legal changes; energy industry risk; leverage risk; valuation risk; interest rate risk; tax risk; and other risks discussed in detail in the Company’s filings with the SEC, available at www.kaynefunds.com or www.sec.gov. Actual events could differ materially from these statements or our present expectations or projections. You should not place undue reliance on these forward-looking statements, which speak only as of the date they are made. Kayne Anderson undertakes no obligation to publicly update or revise any forward-looking statements made herein. There is no assurance that the Company’s investment objectives will be attained.

    Contact investor relations at 877-657-3863 or cef@kayneanderson.com.

    The MIL Network –

  • MIL-OSI: NI Holdings, Inc. Announces Executive Leadership Appointments

    Source: GlobeNewswire (MIL-OSI)

    FARGO, N.D., May 27, 2025 (GLOBE NEWSWIRE) — NI Holdings, Inc. (the “Company”, NASDAQ: NODK) today announced several strategic leadership appointments to support the company’s long-term growth and execution of its core business strategies.

    “We are excited to announce multiple executive leadership appointments,” said Seth Daggett, President and Chief Executive Officer of NI Holdings. “These individuals bring deep operational knowledge, extensive industry experience and strategic insight to our executive team.”

    Kevin Elfstrand has been promoted to Senior Vice President and Chief Accounting Officer. He will continue to oversee the Accounting department and lead external financial reporting. Mr. Elfstrand brings over 20 years of experience in the property and casualty insurance industry, including 17 years at Travelers Companies, Inc., where he most recently served as Assistant Vice President of Corporate Audit. He began his career at Deloitte and is a Certified Public Accountant (CPA). He holds a bachelor’s degree in accounting from Saint John’s University in Minnesota.

    Brandon Nicol has been promoted to Senior Vice President of Reinsurance and Chief Underwriting Officer. In this role, Mr. Nicol will lead the Company’s underwriting strategy and reinsurance. He has 19 years of experience across the insurance and reinsurance industries, including roles at AmericanAg, XL Catlin, COUNTRY Financial, and State Farm. Mr. Nicol holds the Chartered Property and Casualty Underwriter (CPCU), Associate in Reinsurance (Are), and Agribusiness and Farm Insurance Specialist (AFIS) designations and serves as a Major in the U.S. Army National Guard and Army Reserves. He holds a bachelor’s degree in insurance from Illinois State University.

    Chris Oen has been promoted to Senior Vice President and Chief Claims Officer. Mr. Oen will continue to lead the Claims department, drawing on his 30 years of experience in the property and casualty insurance industry. He joined NI Holdings in 2007 and has held progressively senior roles during his time with the Company. Mr. Oen serves on several industry boards, including as Chairperson of the North Dakota Auto Assigned Claims Plan, and is a veteran of the Army National Guard. He holds a bachelor’s degree from the University of North Dakota and holds the Associate in Claims (AIC) designation.

    Dominic Weber has been promoted to Senior Vice President and Chief Actuary. Mr. Weber will continue to lead the Actuarial department and oversee reserving, ratemaking, and predictive analytics initiatives. With more than 42 years of experience in the property and casualty insurance industry, Mr. Weber previously served as Vice President and Chief Actuary at Society Insurance. He is a Fellow of the Casualty Actuarial Society (FCAS) and a Member of the American Academy of Actuaries (MAAA). He holds a bachelor’s degree in actuarial science from the University of Nebraska – Lincoln.

    Doug Duncan has been recently hired as Senior Vice President and Chief Information Officer. In this newly created role, Mr. Duncan will lead the Company’s technology strategy and oversee modernization initiatives to support business growth. He brings more than 25 years of technology leadership experience, including previous roles as Chief Information Officer at Columbia Insurance Group and Senior Vice President at Swiss Re. He holds a Master of Business Administration from Colorado State University and a bachelor’s degree from the University of Kansas.

    “The leadership of Kevin, Brandon, Chris, Dominic and Doug will strengthen our capabilities and help us better serve our shareholders, policyholders, and agents,” added Daggett. “We are confident these leaders will play a critical role in advancing our strategic priorities. Their diverse experience and proven leadership will help position NI Holdings for continued success.”

    About the Company
    NI Holdings, Inc. is an insurance holding company. The company is a North Dakota business corporation that is the stock holding company of Nodak Insurance Company and became such in connection with the conversion of Nodak Mutual Insurance Company from a mutual to stock form of organization and the creation of a mutual holding company. The conversion was consummated on March 13, 2017. Immediately following the conversion, all of the outstanding shares of common stock of Nodak Insurance Company were issued to Nodak Mutual Group, Inc., which then contributed the shares to NI Holdings in exchange for 55% of the outstanding shares of common stock of NI Holdings. Nodak Insurance Company then became a wholly-owned stock subsidiary of NI Holdings. NI Holdings’ financial statements are the consolidated financial results of NI Holdings; Nodak Insurance Company, including Nodak Insurance Company’s wholly-owned subsidiaries American West Insurance Company, Primero Insurance Company, and Battle Creek Insurance Company; and Direct Auto Insurance Company.

    Safe Harbor Statement
    Some of the statements included in this news release are forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Actual results could vary materially. Factors that could cause actual results to vary materially include risks we describe in the periodic reports we file with the Securities and Exchange Commission. You should not place undue reliance on any such forward-looking statements. We disclaim any obligation to update such statements or to announce publicly the results of any revisions that we may make to any forward-looking statements to reflect the occurrence of anticipated or unanticipated events or circumstances after the date of such statements.

    For a detailed discussion of the risk factors that could affect our actual results, please refer to the risk factors identified in our SEC reports, including, but not limited to our Annual Report on Form 10-K, as filed with the SEC.

    Investor Relations Contact:
    Matt Maki
    Executive Vice President, Treasurer and Chief Financial Officer
    701-212-5976
    IR@nodakins.com

    The MIL Network –

  • MIL-OSI: XAI Octagon Floating Rate & Alternative Income Trust Will Host its Q1 2025 Quarterly Webinar on June 4, 2025

    Source: GlobeNewswire (MIL-OSI)

    CHICAGO, May 27, 2025 (GLOBE NEWSWIRE) — XAI Octagon Floating Rate & Alternative Income Trust (NYSE: XFLT) (the “Trust”) today announced that it plans to host the Trust’s Quarterly Webinar on June 4, 2025 at 12:00 pm (Eastern Time). Kevin Davis, Managing Director at XA Investments (“XAI”) will moderate the Q&A style webinar with Kimberly Flynn, President at XAI, and Lauren Law, Senior Portfolio Manager at Octagon Credit Investors.

    TO JOIN VIA WEB: Please go to the Knowledge Bank section of xainvestments.com or click here to find the online registration link.

    TO USE YOUR TELEPHONE: After joining via web, if you prefer to use your phone for audio, you must select that option and call in using a number below, based on your current location.

    Dial: (312) 626-6799 or (646) 558-8656 or (267) 831-0333 or (213) 338-8477 or (720) 928-9299
    Webinar ID: 817 1030 7383

    REPLAY: A replay of the webinar will be available in the Knowledge Bank section of xainvestments.com.

    The investment objective of the Trust is to seek attractive total return with an emphasis on income generation across multiple stages of the credit cycle. The Trust seeks to achieve its investment objective by investing in a dynamically managed portfolio of opportunities primarily within the private credit markets. Under normal market conditions, the Trust will invest at least 80% of its Managed Assets in floating rate credit instruments and other structured credit investments. There can be no assurance that the Trust will achieve its investment objective.

    The Trust’s common shares are traded on the New York Stock Exchange under the symbol “XFLT,” and the Trust’s 6.50% Series 2026 Term Preferred Shares are traded on the New York Stock Exchange under the symbol “XFLTPRA.”

    About XA Investments
    XA Investments LLC (“XAI”) serves as the Trust’s investment adviser. XAI is a Chicago-based firm founded by XMS Capital Partners in April 2016. In addition to investment advisory services, the firm also provides investment fund structuring and consulting services focused on registered closed-end funds to meet institutional client needs. XAI offers custom product build and consulting services, including development and market research, sales, marketing, fund management and administration. XAI believes that the investing public can benefit from new vehicles to access a broad range of alternative investment strategies and managers. XAI provides individual investors with access to institutional-caliber alternative managers. For more information, please visit www.xainvestments.com.

    About XMS Capital Partners
    XMS Capital Partners, LLC, established in 2006, is a global, independent, financial services firm providing M&A, corporate advisory and asset management services to clients. It has offices in Chicago, Boston and London. For more information, please visit www.xmscapital.com.

    About Octagon Credit Investors
    Octagon Credit Investors, LLC (“Octagon”) serves as the Trust’s investment sub-adviser. Octagon is a 30+ year old, $33.1B below-investment grade corporate credit investment adviser focused on leveraged loan, high yield bond and structured credit (collateralized loan obligation debt and equity) investments. Through fundamental credit analysis and active portfolio management, Octagon’s investment team identifies attractive relative value opportunities across below-investment grade asset classes, sectors and issuers. Octagon’s investment philosophy and methodology encourage and rely upon dynamic internal communication to manage portfolio risk. Over its history, the firm has applied a disciplined, repeatable and scalable approach in its effort to generate attractive risk-adjusted returns for its investors. For more information, please visit www.octagoncredit.com.

    XAI does not provide tax advice; please consult a professional tax advisor regarding your specific tax situation. Income may be subject to state and local taxes, as well as the federal alternative minimum tax.

    Investors should consider the investment objectives and policies, risk considerations, charges and expenses of the Trust carefully before investing. For more information on the Trust, please visit the Trust’s webpage at www.xainvestments.com.

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

    NOT FDIC INSURED        NO BANK GUARANTEE    MAY LOSE VALUE
             
        Paralel Distributors, LLC – Distributor    
             

    Media Contact:

    Kimberly Flynn, President
    XA Investments LLC
    Phone: 312-374-6931
    Email: kflynn@xainvestments.com
    www.xainvestments.com

    The MIL Network –

  • MIL-OSI: Zscaler to Accelerate Innovation in AI-Powered Security Operations with Acquisition of Red Canary

    Source: GlobeNewswire (MIL-OSI)

    SAN JOSE, Calif., May 27, 2025 (GLOBE NEWSWIRE) — Zscaler, Inc. (NASDAQ: ZS), the leader in cloud security, today announced it has signed a definitive agreement to acquire Red Canary, a recognized leader in Managed Detection and Response (MDR). With over 10 years of expertise in security operations (SecOps), Red Canary has enabled its extensive customer base to investigate threats up to 10 times faster1 with 99.6% accuracy, while streamlining workflows through automated remediation. Combined with Zscaler’s massive amounts of high-quality data—derived from the world’s largest security cloud—and global intelligence from its ThreatLabz Security Research team, the combination will deliver a unified, agentic Security Operations Center (SOC) that combines AI-driven workflows with human expertise. These complementary capabilities will redefine how businesses detect, respond to, and mitigate modern cyber threats.

    “With our innovative AI-powered risk management services like Risk360 and the acquired data fabric technology from Avalor, we are disrupting legacy security operations just like we did with our Zero Trust ExchangeTM platform,” said Jay Chaudhry, CEO, Chairman, and Founder of Zscaler. “The proposed acquisition of Red Canary is a natural expansion of our capabilities into managed detection and response and threat intelligence to accelerate our vision of AI-powered SOC of the future. By integrating Red Canary with Zscaler, we will deliver to our customers the power of a fully integrated Zero Trust platform and AI-powered security operations.”

    Protecting nearly 45% of the Fortune 500 organizations, Zscaler has established over 15 years of leadership operating the world’s largest cloud security platform which processes over 500 billion daily transactions. It has leveraged its massive, high-quality data lake to accelerate the development of advanced AI-driven solutions, like Zscaler Digital Experience (ZDX) and Zscaler Exposure Management. A proven innovator in MDR, Red Canary has been recognized as a Leader in the Forrester Wave™: Managed Detection and Response for the third consecutive year and featured in the Gartner® Market Guide for MDR for the seventh year in a row. Within the SOC, Red Canary plays a crucial role by helping security teams automate remediation workflows, resulting in greater efficiency and improved security outcomes.

    By bringing together Zscaler’s AI-powered Zero Trust platform with Red Canary’s domain expertise in threat detection and response—spanning endpoints, identity, network, and cloud workloads—this transaction is uniquely positioned to address the operator pain points that often lead to missed signals, incomplete threat analysis, and increased vulnerability to undetected threats. The integration of Zscaler and Red Canary will better enable security teams to detect, triage, investigate, and respond to threats with greater speed and efficiency, helping organizations confidently and precisely tackle modern security challenges.

    “For over 10 years, we’ve protected our customers by combining high-fidelity signals with agentic AI, behavioral analytics, and global threat intelligence—delivering fast, accurate, and high-quality threat detection and response,” said Brian Beyer, CEO of Red Canary. “As part of Zscaler, we will elevate how IT and security teams address the rapidly shifting threat landscape with the strength of our combined technology and expertise. Zscaler’s global scale and reach provide the resources and granular data needed to fuel advanced AI, threat intelligence, and detection engineering, giving us a broader view of adversary behavior while enabling faster innovation across the board. Both companies share a relentless commitment to quality, execution, and delivering exceptional outcomes for our customers.”

    The acquisition is subject to customary closing conditions, including regulatory approvals, and is expected to close in August 2025.

    ________________
    1 10x faster on average compared to traditional security approaches


    Forward-Looking Statements

    This press release contains forward-looking statements that are based on our management’s beliefs and assumptions and on information currently available to our management. These forward-looking statements include the expected benefits and impacts of the proposed acquisition. These forward-looking statements are subject to the safe harbor provisions created by the Private Securities Litigation Reform Act of 1995. A significant number of factors could cause actual results to differ materially from statements made in this press release, including those factors related to our ability to successfully integrate Red Canary technology into our cloud platform and our ability to retain key employees of Red Canary after the acquisition.

    Additional risks and uncertainties are set forth in our most recent Annual Report on Form 10-Q filed with the Securities and Exchange Commission (“SEC”) on March 10, 2025, which is available on our website at ir.zscaler.com and on the SEC’s website at www.sec.gov. Any forward-looking statements in this release are based on the limited information currently available to Zscaler as of the date hereof, which is subject to change, and Zscaler will not necessarily update the information, even if new information becomes available in the future.

    About Zscaler

    Zscaler (NASDAQ: ZS) accelerates digital transformation so customers can be more agile, efficient, resilient, and secure. The Zscaler Zero Trust Exchange protects thousands of customers from cyberattacks and data loss by securely connecting users, devices, and applications in any location. Distributed across more than 150 data centers globally, the SASE-based Zero Trust Exchange is the world’s largest in-line cloud security platform.

    Zscaler™ and the other trademarks listed at https://www.zscaler.com/legal/trademarks are either (i) registered trademarks or service marks or (ii) trademarks or service marks of Zscaler, Inc. in the United States and/or other countries. Any other trademarks are the properties of their respective owners.

    Media Contact:
    Pavel Radda
    press@zscaler.com

    Investor Relations Contact:
    Ashwin Kesireddy
    ir@zscaler.com

    The MIL Network –

  • MIL-OSI Security: Virginia Woman Pleads Guilty to Committing Murder at a National Park

    Source: Office of United States Attorneys

    CLEVELAND – An Alexandria, Virginia woman has pleaded guilty to driving more than 300 miles across state lines after she arranged to meet a victim, whom she shot and killed at a national park in Northeast Ohio. 

    According to court documents, Chelsea Perkins, 35, traveled to Ohio to meet the victim, Matthew Dunmire, whom she knew previously. On March 6, 2021, they visited the Terra Vista Natural Study Area, a hiking trail located in Valley View, Ohio, within the Cuyahoga Valley National Park. While hiking off-trail into a wooded area of the park, Perkins used a loaded firearm she brought with her to shoot the victim in the back of the head, killing him.

    Criminal investigators found evidence linking Perkins to the shooting through GPS data, DNA, social media and phone records, and ballistics analysis. During a federal search warrant execution at her Virginia residence, federal agents found three 9mm pistols, including one recovered from a woman’s purse that also contained Perkins’ identification.

    On May 27, 2025, Chelsea Perkins pleaded guilty to murder in the second degree and using or carrying and discharging a firearm during, and in relation to, a crime of violence on federal property. If the Court accepts the plea agreement at sentencing, Perkins faces between 20 and 25 years in prison. A federal district court judge will determine her sentence after considering the plea agreement, U.S. Sentencing Guidelines, and other statutory factors.

    Sentencing is scheduled for Sept. 9, 2025.

    The investigation was conducted by the FBI Cleveland Division, Ohio Bureau of Criminal Investigation, National Park Service Investigative Branch, Valley View Police Department, and Cuyahoga Valley National Park Police Department.

    This case is being prosecuted by Assistant United States Attorneys Scott Zarzycki, Margaret A. Kane, and Adam J. Joines.

    MIL Security OSI –

  • MIL-OSI Security: Tampa Man Sentenced To 8 Years In Federal Prison For Receipt And Possession Of Child Sexual Abuse Material

    Source: Office of United States Attorneys

    Tampa, Florida – U.S. District Judge Virginia M. Hernandez Covington has sentenced Almando Sapp, Jr. (39, Tampa) to eight years in federal prison for receipt and possession of child sexual abuse material (CSAM), followed by a lifetime of supervised release. Sapp will also have to register as a sex offender and forfeit a cellphone used in the commission of the offense. Sapp pleaded guilty on January 9, 2025. A restitution hearing is scheduled for July 8, 2025.

    According to court documents, through digital payment systems, Sapp purchased CSAM over a social media application. Law enforcement recovered online communications between Sapp and individuals over the app where Sapp admitted to spending hundreds of dollars to purchase CSAM and stated his desire for “real cp” and images or videos containing “intercourse.” Through a search of Sapp’s cellphone, agents recovered hundreds of images and videos of CSAM.

    “This is another clear message that those who traffic in child sexual abuse material will be held accountable,” said Homeland Security Investigations Assistant Special Agent in Charge Kristopher Pagitt. “Homeland Security Investigations remains committed to protecting the most vulnerable members of our community by ensuring justice is served.”

    This case was brought as part of Project Safe Childhood, a nationwide initiative launched in May 2006 by the Department of Justice to combat the growing epidemic of child sexual exploitation and abuse. Led by United States Attorneys’ Offices and the Criminal Division’s Child Exploitation and Obscenity Section (CEOS), Project Safe Childhood marshals federal, state, and local resources to locate, apprehend, and prosecute individuals who sexually exploit children, and to identify and rescue victims. For more information about Project Safe Childhood, please visit www.justice.gov/psc.

    This case was investigated by Homeland Security Investigations. It is being prosecuted by Assistant United States Attorney Ilyssa M. Spergel.

    MIL Security OSI –

  • MIL-OSI Security: Jasper County Man Pleads Guilty to Child Sexual Exploitation

    Source: Office of United States Attorneys

    SPRINGFIELD, Mo. – A Carthage, Mo., man pleaded guilty in federal court today to charges related to the sexual exploitation of a child.

    Uriah Behl, 40, pleaded guilty before U.S. District Judge M. Douglas Harpool, to one count of sexual exploitation of children. By pleading guilty today, Behl admitted to secretly recording a naked juvenile in the shower.

    The investigation began when the Jasper County, Missouri, Sheriff’s Office (JCSO) received a call reporting that a camera had been found in a community shower room in Carthage, Mo. Witnesses found a cell phone in the cabinet under the bathroom sink, recording through a crack in the open cabinet door. Several videos were found on the phone, containing multiple victims, including a juvenile.

    In a post-Miranda interview, Behl admitted to JCSO officers that he had set the phone up to record the whole room, including the shower, when motion was detected. Behl claimed that he did not intend to record the juvenile victim; however, clips from the videos focused on portions of the video depicting the juvenile victim naked, with their genitals exposed.

    Behl gave JCSO officers consent to search the phone he was using to record and the cell phone he used for calls and texting. A forensic search of the phones found over an hour of videos from the shower room, several clips from those videos containing the naked juvenile victim, multiple searches for child pornography, as well as 161 images depicting child pornography downloaded from the internet.

    Under federal statutes, Behl is subject to a sentence of at least 15 and up to 30 years in federal prison without parole. The maximum statutory sentence is prescribed by Congress and is provided here for informational purposes, as the sentencing of the defendant will be determined by the court based on the advisory sentencing guidelines and other statutory factors. A sentencing hearing will be scheduled after the completion of a presentence investigation by the United States Probation Office.

    Behl will be required to register as a sex offender upon his release from prison and will be subject to federal and state sex offender registration requirements, which may apply throughout his life.

    This case is being prosecuted by Assistant U.S. Attorney Stephanie L. Wan. It was investigated by the Jasper County, Mo., Sheriff’s Office, Homeland Security Investigations, and the Southwest Missouri Cyber Crimes Task Force.

    Project Safe Childhood

    This case was brought as part of Project Safe Childhood, a nationwide initiative launched in May 2006 by the Department of Justice to combat the growing epidemic of child sexual exploitation and abuse. Led by the United States Attorneys’ Offices and the Criminal Division’s Child Exploitation and Obscenity Section, Project Safe Childhood marshals federal, state, and local resources to locate, apprehend, and prosecute individuals who sexually exploit children, and to identify and rescue victims. For more information about Project Safe Childhood, please visit www.usdoj.gov/psc . For more information about Internet safety education, please visit www.usdoj.gov/psc and click on the tab “resources.”

    MIL Security OSI –

  • MIL-OSI Security: Bloomfield Resident Admits Role in Opioid Distribution Conspiracy

    Source: Office of United States Attorneys

    NEWARK, N.J. – A Bloomfield resident admitted participating in a conspiracy to distribute and possess with intent to distribute opioids, as well as unlawful distribution of opioids, U.S. Attorney Alina Habba announced.

    Danielle Molinari, 51, pleaded guilty before U.S. District Judge Madeline Cox Arleo in Newark federal court to an information charging her with one count of drug conspiracy and one count of distribution of, and possession with intent to distribute, oxycodone, a Schedule II controlled substance.

    According to documents filed in this case and statements made in court:

    Between February 2019 and March 2023, Molinari participated in a conspiracy to obtain medically unnecessary prescriptions for oxycodone, an opioid pain medication.  Once Molinari obtained the oxycodone through a prescription, she then sold the oxycodone to another individual in exchange for money. Over the course of the conspiracy, Molinari unlawfully distributed approximately 4,665 oxycodone pills.

    The two charges of drug conspiracy and distribution of oxycodone each carry a maximum penalty of 20 years in prison, and a fine of $1 million. Sentencing is scheduled for November 4, 2025.

    U.S. Attorney Habba credited special agents of the Federal Bureau of Investigation, under the direction of Acting Special Agent in Charge Terence G. Reilly, with the investigation leading to the guilty plea.

    The government is represented by Assistant U.S. Attorneys Chelsea D. Coleman and Jenny Chung of the Health Care Fraud and Opioids Abuse Prevention Unit in Newark.

                                                               ###

    Defense counsel: Joel Silberman, Esq., Jersey City, New Jersey

    MIL Security OSI –

  • MIL-OSI Africa: Africa Finance Corporation (AFC) Backs Mota-Engil Africa with EUR 100M Facility to Boost Gold Mining in West Africa

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

    LAGOS, Nigeria, May 27, 2025/APO Group/ —

    Africa Finance Corporation (www.AfricaFC.org), the continent’s leading infrastructure solutions provider, today announced that it has provided a EUR 100 million, 5year term facility to Mota-Engil Africa (MEA), the regional arm of the global construction giant, Mota -Engil Group. The funding will support the acquisition of equipment, inventories, and site infrastructure for the execution of three new gold- mining contracts in Côte d’Ivoire and Mali.

    AFC’s funding will enable Mota-Engil Africa to scale up operations in West Africa’s burgeoning mining sector, where gold remains a critical export commodity and a driver of local employment and foreign exchange earnings. The new mining contracts represent a significant boost for the mining industries in both Côte d’Ivoire and Mali, countries with substantial untapped mineral potential.

    The facility is another milestone in AFC and MEA’s longstanding strategic relationship with MEA, which began in 2016. AFC has played a leading advisory role in several of the institution’s recent landmark transactions including the new Bugesera International Airport project in Rwanda, the US$2 billion Kano Moradi rail project in Nigeria and the 1,289km Lobito I rail line project in Angola, where AFC is acting as financial adviser to Lobito Atlantic Railway- the consortium comprising Mota Engil Africa, Trafigura and Vecturis SA.

    Commenting on the transaction, Samaila Zubairu, President & CEO of Africa Finance Corporation, said:

    “This transaction underscores the strength of our decade-long relationship with Mota-Engil Africa and our shared vision to deliver sustainable economic transformation across Africa. Gold continues to be a vital economic driver for many African nations, and through this investment, AFC is helping to unlock long-term value- supporting export earnings, job creation, and broader industrial development of the region.”

    Manuel Mota, Chairman, Mota-Enjil Africa said: “Today marks a significant milestone for Mota-Engil Africa. We are proud to announce the successful closing of financing for three new mining projects, in partnership with Africa Finance Corporation. This achievement reflects not only the strength of our project portfolio but also the confidence that premier institutions like AFC place in our strategy, our capabilities, and our people.”

    This latest investment builds on AFC’s strategy to expand its portfolio into critical contractor financing initiatives across Africa; not only supporting the execution of critical public and private sector projects but unlocking much needed on and off-balance sheet financing opportunities. Notably, AFC is also the commercial tranche financier of the 186 Metallic Bridges project being constructed by Conduril Engenharia S.A. in Angola. AFC continues to work with contractors, providing critical funding to unlock value and to close the infrastructure gap, driving industrialisation, economic resilience, and sustainable development across the continent.

    MIL OSI Africa –

  • MIL-OSI Economics: Members agree on 2025 chairpersons for subsidiary bodies of Goods Council

    Source: World Trade Organization

    Committee on Agriculture

    Mr Diego ALFIERI (Brazil)

    Committee on Anti-dumping Practices

    Mr Hirokazu WATANABE (Japan)

    Committee on Customs Valuation

    Ms Judith Yu-ying KUO (Chinese Taipei)

    Committee on Import Licensing

    Mr Tiago SERRAS RODRIGUES (Portugal)

    Committee on Market Access

    Mr Ninad DESHPANDE (India)

    Committee on Rules of Origin

    Ms Carol TSANG (Hong Kong, China)

    Committee on Safeguards

    Mrs Milagros MIRANDA ROJAS (Peru)

    Committee on Sanitary and Phytosanitary Measures

    Mrs Maria COSME (France)

    Committee on Subsidies and Countervailing Measures

    Mr Jungsoo HUR (Korea, Republic of)

    Committee on Technical Barriers to Trade

    Ms Beatriz STEVENS (United Kingdom)

    Committee on Trade Facilitation

    Mr Edem KOSSI (Togo)

    Committee on Trade-Related Investment Measures

    Ms Maryam Abdulaziz ALDOSERI
    (Kingdom of Bahrain)

    Committee of Participants on the Expansion of Trade in Information Technology Products

    Mr George Andrei RUSU (Romania)

    Working Party on State Trading Enterprises

    Mr Sokheng KONG (Cambodia)

    MIL OSI Economics –

  • MIL-OSI Economics: Verizon to speak at Bernstein conference May 29

    Source: Verizon

    Headline: Verizon to speak at Bernstein conference May 29

    NEW YORK – Sowmyanarayan Sampath, executive vice president for Verizon (NYSE, Nasdaq: VZ), and CEO for Verizon Consumer, is scheduled to speak at the Bernstein Strategic Decisions Conference on Thursday, May 29, at 8:00 a.m. ET. His remarks will be webcast, with access instructions available on Verizon’s Investor Relations website, www.verizon.com/about/investors.

    For details on Verizon’s most recent financial results, view the company’s 1Q25 earnings results here.

    MIL OSI Economics –

  • MIL-OSI USA: Turkish Manufacturer will Establish First American Facility in Wayne County, Create 216 Jobs

    Source: US State of North Carolina

    Headline: Turkish Manufacturer will Establish First American Facility in Wayne County, Create 216 Jobs

    Turkish Manufacturer will Establish First American Facility in Wayne County, Create 216 Jobs
    lsaito

    Raleigh, NC

    Today Governor Josh Stein announced that Pelsan Tekstil A.S., a global leader in breathable film technologies for the hygiene and medical sectors, will establish its first production facility in the United States in Wayne County, creating 216 jobs. The company will make an $82.6 million investment in Goldsboro.

    “North Carolina is pleased to welcome Pelsan as it opens its first facility in the United States,” said Governor Stein. “Our skilled workforce, combined with North Carolina’s convenient East Coast location, enables companies to efficiently produce and deliver high-quality products to their customers.”

    Pelsan was established in 2006 as a subsidiary to the Hassan Group, which has more than 80 years of experience in nonwoven and polymer film technologies. Pelsan was the first company in Turkey to manufacture breathable polyethylene films and today offers one of the industry’s most advanced product portfolios. The company’s project in Goldsboro establishes its first U.S. facility for manufacturing various lines of breathable films for hygiene and medical applications, enabling Pelsan to respond more efficiently to rising demand across North America.

    “This expansion is a major strategic milestone for us,” said Ali Sisman, CEO of Pelsan Tekstil. “Our decision to invest in North Carolina underscores our belief in the region’s strong workforce, robust infrastructure, and its alignment with our values of innovation and collaboration. This facility represents a significant new chapter in our company’s journey. We are at a pivotal moment – at the intersection of life and innovation. This journey of transformation and progress is not just ours, but one we share with every individual seeking change, growth, and a better tomorrow.”

    “We continue to see strong interest in our state from international companies looking to expand into North America,” said Commerce Secretary Lee Lilley. “Our business-friendly reputation and proven competitive advantages continue to attract top-tier companies like Pelsan from around the globe.”

    Although wages will vary depending on the position, the average salary for the new jobs will be $48,789. The current average wage in Wayne County is $46,211.

    The company’s project in North Carolina will be facilitated, in part, by a Job Development Investment Grant (JDIG) approved by the state’s Economic Investment Committee earlier today. Over the course of the 12-year term of this grant, the project is estimated to grow the state’s economy by more than $719.5 million. Using a formula that takes into account the new tax revenues generated by the new jobs and the capital investment, the JDIG agreement authorizes the potential reimbursement to the company of up to $2,065,000, spread over 12 years. State payments only occur following performance verification by the departments of Commerce and Revenue that the company has met its incremental job creation and investment targets.

    The project’s projected return on investment of public dollars is 115 per cent, meaning for every dollar of potential cost, the state receives $2.15 in state revenue. JDIG projects result in positive net tax revenue to the state treasury, even after taking into consideration the grant’s reimbursement payments to a given company.                           

    “We welcome this vote of confidence in Wayne County, Goldsboro, and our state overall,” said Representative John Bell. “These new manufacturing jobs and the company’s significant capital investment will bring new job opportunities for our people and will boost the local economy.”

    “The new jobs and the investment into Goldsboro will bring economic growth and stability to Eastern NC”, said Senator Buck Newton. “On behalf of Wayne County, we welcome Pelsan to our community and we will continue to support this company as it grows. I am looking forward to witness the benefits this project will bring.”

    In addition to the North Carolina Department of Commerce and the Economic Development Partnership of North Carolina, other key partners in this project include the North Carolina General Assembly, the North Carolina Community College System, Wayne Community College, North Carolina Global TransPark Economic Development Region, Wayne County, the City of Goldsboro, Wayne County Development Alliance, North Carolina’s Southeast, and Duke Energy. 

    May 27, 2025

    MIL OSI USA News –

  • MIL-OSI Europe: EIB Global helps the National Bank of the Republic of North Macedonia deal with climate risk

    Source: European Investment Bank

    EIB

    The European Investment Bank (EIB Global) and the National Bank of the Republic of North Macedonia (NBRNM) have successfully completed a comprehensive climate risk capacity-building initiative under the Greening Financial Systems (GFS) Advisory Programme. The project involved over 50 experts from the NBRNM, strengthening their ability to assess and address climate-related risks, boost green investments among local businesses and support a sustainable economic transition by developing tailored financial regulation with support from the EIB’s Advisory team.

    This technical upskilling will position the NBRNM to share these competences with local financial institutions, enabling them to conduct climate vulnerability assessments and integrate climate scenarios into strategic planning. The local institutions can then provide tailored, informed guidance to local companies on the investments needed to address the climate risks specific to their business.

    Anita Angelovska Bezhoska, Governor of the National Bank of the Republic of North Macedonia, stated: “Building resilience to climate-related financial risks is no longer optional – it is a strategic imperative. Through our valuable partnership with the EIB under the Greening Financial Systems programme, we have significantly enhanced our institutional capacity to integrate climate considerations into our regulatory and supervisory frameworks. Not only does this strengthen our bank’s role in safeguarding financial stability, but it also supports the broader financial sector in adapting to the realities of a changing climate.”

    EIB representative to North Macedonia Björn Gabriel said: “Through this collaboration, we are fostering investments in energy efficiency and climate adaptation among Macedonian companies, making a meaningful contribution to the future resilience and competitiveness of the national economy.”

    Beyond training, the GFS programme has enabled several complementary initiatives, such as the development of Physical and Transition Climate Risk Hazard Maps for North Macedonia and a national survey on climate risk awareness and sustainability practices among companies. It has also provided strategic support on climate-related financial reporting, helping align the NBRNM and the broader financial sector with global frameworks.

    The EIB’s Greening Financial Systems programme is funded by the International Climate Initiative (IKI) on behalf of the German Federal Ministry of Economic Affairs and Climate Action (BMWK). The programme contributes to the NDC Partnership, helping financial regulators align with the objectives of the Paris Agreement.

    MIL OSI Europe News –

  • MIL-OSI Europe: Answer to a written question – Measures to prevent social exclusion owing to the housing crisis – E-000993/2025(ASW)

    Source: European Parliament

    The Commission shares the concern of the Honourable Member about the impact of the housing crisis particularly affecting vulnerable people.

    To help tackle it, the Commission will put forward a European Affordable Housing Plan (EAHP) to support national, regional and local authorities to address structural drivers of the housing crisis and to add value at the European level while respecting the subsidiarity and proportionality principles.

    EU funds and programmes have already played an important role in implementing policies, reforms, and realising investments to ensure social, affordable and sustainable housing: i) The Recovery and Resilience Facility, the European Regional Development Fund , the European Social Fund+, the Cohesion Fund, the Just Transition Fund and the InvestEU programme are among the major EU instruments to support relevant projects and investments[1]. ii) The Commission published a toolkit on the use of EU funds for investments in social housing and associated services[2]. iii)

    In April 2025, the Commission put forward a legislative proposal to enhance the mid-term review process of cohesion policy programmes and to allow Member States and regions to double the planned investments in affordable housing for their 2021-2027 programmes.

    iv)The Commission is working with the European Investment Bank, as well as international financial institutions, national promotional banks and other stakeholders, to establish a pan-European investment platform for affordable and sustainable housing. v) The forthcoming Anti-Poverty Strategy will lay down a complementary approach on addressing social exclusion.

    The Commission reaffirms that in the context of the EAHP, it will carefully consider the matters described by the Honourable Member.

    • [1] Recovery and Resilience Plans (RRP) include measures worth at least an estimated EUR 21.3 billion that contribute to social housing and other social infrastructure for social inclusion purposes alone. In addition, the RRPs also cover measures promoting affordable housing. EUR 10.4 billion in total investment is planned, involving an EU budget contribution of EUR 7.5 billion from the European Regional Development Fund (ERDF), Cohesion Fund (CF) and Just Transition Fund (JTF). In particular, the ERDF focuses on the provision and improvement of physical housing infrastructure, including through energy efficiency measures . The InvestEU programme earmarked EUR 2.8 billion for the Social Investments and skills window (including other priorities such as microfinance, social finance and social impact) and EUR 9.9 billion for the sustainable infrastructure window. The European Social Fund+ (ESF+) can support Member States in facilitating access to housing and promoting integrated services, in line with the European Pillar of Social Rights . An exact amount indicating the amount of the ESF+ funds allocated only to housing-related actions cannot be determined.
    • [2] https://op.europa.eu/en/publication-detail/-/publication/042f7559-fd3f-11ee-a251-01aa75ed71a1/language-en.
    Last updated: 27 May 2025

    MIL OSI Europe News –

  • MIL-OSI Europe: Answer to a written question – EUR 4.4 billion from the Global Gateway for projects in South Africa and the silence about racial hatred – E-001321/2025(ASW)

    Source: European Parliament

    The EU and South Africa (SA) have a Strategic Partnership based firmly on democratic values and human rights, as exemplified by the recent EU-SA Summit, which resulted inter alia in the announcement of the Global Gateway Investment Package with SA to which the Honourable Members refer. In the context of this partnership, the EU and SA are engaged in a regular human rights dialogue.

    The Commission follows the programming procedures that are outlined in the Neighbourhood, Development and International Cooperation Instrument (NDICI) — Global Europe Regulation (Articles 13 and 14)[1]. These programming procedures are designed to enhance the effectiveness and responsiveness of EU external action, ensuring that funding is strategically allocated to support sustainable development and address global challenges.

    Applying a human rights-based approach to all interventions is an obligation enshrined in the NDICI — Global Europe Regulation (Article 8). With Global Gateway, the EU aims to embed democratic principles, good governance and transparency in all investments. The EU assesses in each country whether the required pre-conditions for investments exist, including regarding human rights.

    The new Financial Regulation[2] requires that the EU budget be implemented in full respect of EU values, including human dignity, freedom, democracy, equality, the rule of law, and the rights of minorities.

    • [1] https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=celex%3A32021R0947.
    • [2] https://eur-lex.europa.eu/eli/reg/2024/2509?utm_source.
    Last updated: 27 May 2025

    MIL OSI Europe News –

  • MIL-OSI Europe: Highlights – Presentation by the European Commission of the CEF-T implementation report – Committee on Transport and Tourism

    Source: European Parliament

    Mr. Philippe Chantraine, Head of Unit for Transport Investment at DG MOVE’s Directorate B, will present the upcoming CEF implementation report. In line with the CEF regulation, this report — the first to cover the 2021-2024 period — provides the Commission’s regular update on the facility’s implementation and sectoral advancements.

    The presentation will specifically address the CEF Transport component, explaining its role in building a more connected, sustainable, and resilient European transport network.

    The exchange of views will take place on Tuesday 3 June 2025 and it will be webstreamed.

    MIL OSI Europe News –

  • MIL-OSI Europe: Answer to a written question – Safeguarding fisheries activity in Italy: urgent need for a revision of EU legislation to protect fisheries businesses and the fisheries sector – E-001307/2025(ASW)

    Source: European Parliament

    1. The Commission is currently not considering a revision of the European Maritime, Fisheries and Aquaculture Fund[1] (EMFAF). The EMFAF can already support the development and testing of new and innovative solutions for the fleet[2], as well as certain investments to modernise the fleet[3]. Investments in the fleet are subject to strict conditionality, to ensure that there are no resulting harmful subsidies. Given its small budget, the EMFAF can achieve better collective benefits by incentivising, facilitating testing and development, and bringing technology to market, rather than investing in the renewal of a small number of privately owned vessels.

    2. The Marine Action Plan[4] promotes sustainable fishing practices with less environmental impact, in accordance with current legislation[5] and policy objectives. It is a component of the European Green Deal and focuses on the implementation of existing legislation[6].

    3. The Invasive Alien Species (IAS) Regulation[7] establishes a coordinated EU-wide framework for action to address the adverse impacts of IAS. The marine dimension of IAS can be complemented with more specific EU laws[8]. In the Mediterranean, the EU works closely with the General Fisheries Commission for the Mediterranean (GFCM), developing pilot projects and research programmes to address IAS. The GFCM is setting-up a non-indigenous species (NIS) observatory, aimed at data collection and information sharing. Member States can use their EMFAF programme to support monitoring, mitigation and surveillance of NIS.

    • [1] Regulation (EU) 2021/1139 of the European Parliament and of the Council of 7 July 2021 establishing the European Maritime, Fisheries and Aquaculture Fund and amending Regulation (EU) 2017/1004.
    • [2] E.g. prototype vessels and gears.
    • [3] Improving gear selectivity, safety on board, energy efficiency.
    • [4] Communication from the Commission to the European Parliament, the Council, The European Economic and Social Committee and the Committee of the Regions ‘EU Action Plan: Protecting and restoring marine ecosystems for sustainable and resilient fisheries’, COM(2023) 102 final.
    • [5] Such as Regulation (EU) 2024/1991 of the European Parliament and of the Council of 24 June 2024 on nature restoration and amending Regulation (EU) 2022/869; and Regulation (EU) No 1380/2013 of the European Parliament and of the Council of 11 December 2013 on the Common Fisheries Policy.
    • [6] In this respect, work is expected to continue on implementing the marine action plan.
    • [7] Regulation (EU) No 1143/2014 of the European Parliament and of the Council of 22 October 2014 on the prevention and management of the introduction and spread of invasive alien species, OJ L 317, 4.11.2014, p. 35-55.
    • [8] Such as the regulation (EC) No 708/2007 of 11 June 2007 concerning use of alien and locally absent species in aquaculture; or the directive 2008/56/EC of the European Parliament and of the Council of 17 June 2008 establishing a framework for community action in the field of marine environmental policy (Marine Strategy Framework Directive).
    Last updated: 27 May 2025

    MIL OSI Europe News –