NewzIntel.com

Category: Finance

  • MIL-OSI Security: Ahoskie Gang Member Sentenced to 71 Months in Prison for Firearm and Drug Trafficking Offenses

    Source: Office of United States Attorneys

    NEW BERN, N.C. – An Ahoskie man was sentenced today to 71 months in prison for gun and drug crimes.  Nyjawaun Ezell, a.k.a. “Nike,” age 28, pleaded guilty to the charges on November 13, 2024.

    According to court documents and other information presented in court, Ezell, a high-ranking member of the G-Shine set of the Bloods gang, unlawfully obtained multiple firearms over a 10-month period while under indictment for allegedly murdering a rival gang member in Hertford County. In one instance, Ezell tried to purchase an AR-style rifle at a local gun store and made a false statement on the ATF gun-purchase form about being under the felony indictment, which disqualified him from being able to purchase a firearm. The evidence also showed that Ezell was engaged in dealing narcotics and other controlled substances in Hertford County during this time period.

    Ezell pleaded guilty to three counts of receipt of a firearm while under felony indictment; one count of knowingly making a materially false statement to a federally licensed firearms dealer; and one count of possession with intent to distribute a quantity of oxycodone.

    Daniel P. Bubar, Acting U.S. Attorney for the Eastern District of North Carolina, made the announcement after sentencing by U.S. District Judge Louise W. Flanagan. The Federal Bureau of Investigation (FBI); the Bureau of Alcohol, Tobacco, and Firearms (ATF); the Down East Drug and Violent Crime Task Force; and the Hertford County Sheriff’s Office investigated the case, and Assistant U.S. Attorney Lori Warlick prosecuted the case.

    A copy of this press release is located on our website. Related court documents and information can be found on the website of the U.S. District Court for the Eastern District of North Carolina or on PACER by searching for Case No. 2:23-CR-22-FL-RJ.

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    MIL Security OSI –

  • MIL-OSI Security: Chinese National Charged with Escaping from FCI Danbury

    Source: Office of United States Attorneys

    Marc H. Silverman, Acting United States Attorney for the District of Connecticut, today announced that on April 9, 2025, a federal grand jury in New Haven returned an indictment charging XIAOQIN YAN, 31, a citizen of China, with escape from the custody of the Attorney General.

    The indictment alleges that, on December 10, 2024, Yan escaped from the Federal Satellite Low facility at the Federal Correctional Institution in Danbury (FCI Danbury) where she was serving a federal prison sentence imposed in the Middle District of Alabama for arson and possession of a firearm by an illegal alien.

    Yan was apprehended on December 10, 2024.

    If convicted of the charge, Yan faces a maximum term of imprisonment of five years.

    Acting U.S. Attorney Silverman stressed that an indictment is not evidence of guilt.  A charge is only an allegation, and the defendant is presumed innocent unless and until proven guilty beyond a reasonable doubt.

    This matter is being investigated by the Federal Bureau of Investigation with the assistance of the Danbury Police Department.  The case is being prosecuted by Assistant U.S. Attorney Anastasia E. King.

    MIL Security OSI –

  • MIL-OSI Security: Boscobel Man Sentenced to More Than 10 Years in Federal Prison for Methamphetamine Conviction

    Source: Federal Bureau of Investigation (FBI) State Crime News

    A man who possessed ice methamphetamine with the intent to distribute was sentenced on April 8, 2025, in federal court in Cedar Rapids, Iowa.

    Hunter Newberry, age 23, from Boscobel, Wisconsin, pled guilty on October 31, 2024, to one count of possession with intent to distribute methamphetamine.

    Evidence at the plea and sentencing hearings showed that on January 27, 2024, law enforcement officers stopped the car Newberry was driving.  During the traffic stop, officers searched Newberry’s car and located a bag containing nearly two pounds of methamphetamine.  Subsequently, Newberry admitted to officers that he had acquired the methamphetamine in Madison, Wisconsin, and brought it to the Dubuque area to distribute.  Newberry admitted that between December 2023 and January 2024, he acquired at least ten pounds of methamphetamine and distributed it in the Dubuque area.  

    Newberry was sentenced in Cedar Rapids by United States District Court Judge Leonard T. Strand.  Newberry was sentenced to 140 months’ imprisonment.  He must also serve a five-year term of supervised release after the prison term.  There is no parole in the federal system.  Newberry remains in custody of the United States Marshal until he can be transported to a federal prison.

    The case was prosecuted by Special Assistant United States Attorney Michael S.A. Hudson and was investigated by the Federal Bureau of Investigation and Dubuque Drug Task Force, comprised of the Dubuque Police Department and the Dubuque County Sheriff’s Office.  

    Court file information at https://ecf.iand.uscourts.gov/cgi-bin/login.pl.

    The case file number is 24-CR-1026.

    Follow us on X @USAO_NDIA.

    MIL Security OSI –

  • MIL-OSI USA: Man receives 12-year sentence for attempting to engage in sexual activity with minor

    Source: US Immigration and Customs Enforcement

    OCALA, FL – A U.S. Immigrations and Customs Enforcement investigation, assisted by local law enforcement, resulted in a decade plus sentence for a man attempting to entice a 13-year-old child to engage in sexual activity.

    Francisco Alvarez-Tello, 28, of Ocala, pled guilty on Oct. 24, 2024, and was sentenced April 1 to 12 years in federal prison.

    “HSI and our law enforcement partners are continually monitoring and combating the dangerous misuse of social media that puts our children at risk,” said ICE Homeland Security Investigations Orlando Assistant Special Agent in Charge David Pezzutti. “HSI, in collaboration with the Marion County Sheriff’s Office, the Ocala Police Department, and the Florida Department of Law Enforcement, remains steadfast in our mission to safeguard children from predators who exploit them for their perverse desires.”

    According to court documents, in July 2024, Alvarez-Tello responded to an ad on an online dating app from an undercover law enforcement officer who was posing as a 13-year-old child. Alvarez-Tello engaged in sexually oriented conversation, telling the undercover officer in detail what he planned to do with the child. When Alvarez-Tello arrived at a pre-determined location to engage in sex with the child, law enforcement arrested him and found a firearm inside his vehicle. During an interview with officers, Alvarez-Tello admitted to sending the messages and told officers that he was trying to have a “freaky Friday” and they had “ruined that.”

    This case was investigated by ICE HSI Orlando, the Marion County Sheriff’s Office, the Ocala Police Department, and the Florida Department of Law Enforcement. It was prosecuted by Assistant U.S. Attorney Belkis H. Callaos.

    MIL OSI USA News –

  • MIL-OSI USA: Immigration-related identity theft investigation leads to charges against 18 individuals

    Source: US Immigration and Customs Enforcement

    April 11, 2025Tampa, FL, United StatesEnforcement and Removal

    TAMPA, Fla. – Eighteen criminal illegal aliens have been charged as the result of an immigration-related identity theft investigation following a multi-agency effort with U.S. Immigration and Customs Enforcement.

    Each individual has been charged with aggravated identity theft, misuse of Social Security numbers, and false statements regarding citizenship with the intent to engage unlawfully in employment. If convicted on all counts, each faces a minimum penalty of two years, up to 12 years, in federal prison.

    • Luvin Daniel Hernandez Amador, of Honduras, was indicted on Feb. 27, 2025;
    • Elvin Donahel Hernandez Amador, of Honduras, was indicted on Dec. 17, 2024;
    • Elmer Modesto Amador, of Honduras, was indicted on Oct. 1, 2024;
    • Junior Eduardo Ferrufino Andino, of Honduras, was indicted on Oct. 1, 2024;
    • Noe Ardon, of Honduras, was indicted on June 25, 2024;
    • Sindi Yamileth Mejia Avila, of Guatemala, was indicted on Dec. 17, 2024;
    • Cristian Daniel Diaz-Garcia, of Honduras, is scheduled for trial in April 2025;
    • Pedro Amaya Enriquez, of Honduras, was indicted on June 25, 2024;
    • Juan Resendiz Ledesma, of Mexico, was indicted on June 25, 2024;
    • Erlin Maradiaga-Flores, of Honduras, pleaded guilty to aggravated identity theft and sentenced on Oct. 17, 2024, to 2 years in federal prison;
    • Nidia Maradiaga-Flores, of Honduras, is scheduled for trial in April 2025;
    • Allan Gomez-Zelaya, of Honduras, pleaded guilty to aggravated identity theft on Jan. 30, 2024. Sentencing set for April 15, 2025;
    • Elieser Gomez-Zelaya, of Honduras, had a superseding indictment returned on Sept. 27, 2023;
    • Juan Molina-Salles, of Honduras, was indicted Sept. 6, 2023.

    These cases were investigated by ICE Homeland Security Investigations Tampa, the Department of Transportation – Office of Inspector General, the Social Security Administration – Office of the Inspector General, the United States Border Patrol, the Department of Labor – Office of Inspector General, the Florida Department of Law Enforcement, and the Pinellas County Sheriff’s Office. They cases are being prosecuted by Assistant U.S. Attorneys Karyna Valdes and Christopher F. Murray, and Special Assistant U.S. Attorney Joseph Wheeler, III.

    MIL OSI USA News –

  • MIL-OSI Security: Ohio Resident Sentenced to Six Years in Prison for Narcotics Trafficking

    Source: Office of United States Attorneys

    JOHNSTOWN, Pa. – A resident of Cleveland, Ohio, was sentenced in federal court to 72 months in prison, to be followed by four years of supervised release, on his conviction of conspiracy to distribute and possession with intent to distribute cocaine, fentanyl, and crack, Acting United States Attorney Troy Rivetti announced today.

    United States District Judge Marilyn J. Horan imposed the sentence on Deangelo Ward, 35, on April 10, 2025.

    According to information presented to the Court, from in and around July 2022 to in and around March 2023, in the Western District of Pennsylvania, Ward conspired with others to distribute and possess with intent to distribute 500 grams or more of a mixture of cocaine, 40 grams or more of a mixture of fentanyl, and a quantity of a mixture of crack. Ward was intercepted on a federal wiretap obtaining quantities of the drugs that he distributed to others.

    Assistant United States Attorney Arnold P. Bernard Jr. prosecuted this case on behalf of the government.

    Acting United States Attorney Rivetti commended the Federal Bureau of Investigation’s Laurel Highlands Resident Agency and Homeland Security Investigations for the investigation leading to the successful prosecution of Ward. Additional agencies participating in the investigation included the Bureau of Alcohol, Tobacco, Firearms and Explosives, Internal Revenue Service – Criminal Investigation, United States Postal Inspection Service, and other local law enforcement agencies.

    This prosecution is part of an Organized Crime Drug Enforcement Task Forces (OCDETF) investigation. OCDETF identifies, disrupts, and dismantles the highest-level drug traffickers, money launderers, gangs, and transnational criminal organizations that threaten the United States by using a prosecutor-led, intelligence-driven, multi-agency approach that leverages the strengths of federal, state, and local law enforcement agencies against criminal networks.

    MIL Security OSI –

  • MIL-OSI Security: Las Cruces Man Sentenced to 10 Years in Federal Prison for Drug and Firearms Offenses

    Source: Federal Bureau of Investigation (FBI) State Crime Alerts (c)

    ALBUQUERQUE – A Las Cruces man has been sentenced to 10 years in federal prison after a federal search warrant uncovered large quantities of fentanyl, firearms, and cash linked to drug trafficking activities.

    There is no parole in the federal system.

    According to court records, on April 10, 2024, FBI Southern New Mexico Safe Streets Gang Task Force agents and Task Force Officers along with agents from Las Cruces/Dona Ana County Metro Narcotics executed a federal search warrant at the residence of Joe Angel Sandoval, 29, in Las Cruces, New Mexico, uncovering substantial evidence of drug trafficking.

    During the search, investigators located:

    • Over 500 grams of fentanyl pills.
    • Three firearms and ammunition.
    • Approximately $139,857 in cash was found inside the residence, along with $1,900 in Sandoval’s vehicle.

    In his plea agreement, Sandoval admitted to being an unlawful user of fentanyl at the time of the search and acknowledged selling the fentanyl pills for approximately three to four years, making him a prohibited possessor of firearms and ammunition under federal law.

    Upon his release, Sandoval will be subject to 10 years of supervised release.

    Acting U.S. Attorney Holland S. Kastrin and Raul Bujanda, Special Agent in Charge of the FBI Albuquerque Field Office, made the announcement today.

    The Las Cruces Resident Agency of the FBI Albuquerque Field Office investigated this case with assistance from the Las Cruces/Dona Ana County Metro Narcotics Agency, Las Cruces Police Department, and Dona Ana County Sheriff’s Office. Assistant United States Attorney Maria Y. Armijo prosecuted this case.

    MIL Security OSI –

  • MIL-OSI Security: Arizona Man Charged with Federal Assault and Stolen Vehicle Transport After High-Speed New Mexico Pursuit

    Source: Federal Bureau of Investigation (FBI) State Crime Alerts (c)

    ALBUQUERQUE – An Arizona man is facing federal for allegedly assaulting federal officers and transporting a stolen vehicle across state lines after a high-speed pursuit in New Mexico.

    According to court documents, on March 31, 2025, Christopher Jack Leach, 33, became aware of a warrant for his arrest in Arizona. He borrowed a friend’s vehicle under false pretenses, claiming he would drive it to another friend’s house in Arizona, but instead fled toward Florida with a passenger. The vehicle was reported stolen after the owner realized Leach’s deception. On that date, Leach and his passenger traveled across state lines, knowing the vehicle was reported stolen, and evaded law enforcement for the next several days.

    On the morning of April 2, 2025, U.S. Border Patrol agents responded to reports of a stolen vehicle traveling eastbound at high speed on Interstate 10 in Las Cruces. During the pursuit, Leach accelerated toward the agents’ unmarked vehicle on a narrow street, prompting one agent to exit and discharge a warning shot. Leach evaded the agents, drove into a dead-end street, drove into their vehicle causing a collision, and fled again before ultimately being apprehended by the New Mexico State Police.

    Following the incident, agents from the FBI interviewed Leach’s passenger, who confirmed that Leach knowingly fled law enforcement and was aware of the vehicle’s stolen status. Leach, however, claimed memory loss during his FBI interview, stating no recollection of events between Arizona and New Mexico.

    Leach is charged with assault of a federal officer and transportation of a stolen vehicle and will remain in custody pending trial, which has not been set. If convicted of the current charges, Leach faces up to 20 years in prison.

    Acting U.S. Attorney Holland S. Kastrin and Raul Bujanda, Special Agent in Charge of the Federal Bureau of Investigation’s Albuquerque Field Office, made the announcement today.

    The Las Cruces Resident Agency of the Federal Bureau of Investigation’s Albuquerque Field Office investigated this case with assistance from the U.S. Border Patrol, New Mexico State Police, and Las Cruces Police Department. Assistant U.S. Attorney Alyson Hehr is prosecuting the case.

    A criminal complaint is merely an allegation. All defendants are presumed innocent until proven guilty beyond a reasonable doubt in a court of law.

    MIL Security OSI –

  • MIL-OSI Video: Savings and Investments Union: more choices to invest in EU capital markets

    Source: European Commission (video statements)

    The Savings and Investments Union is about giving people more choice where and how to invest their money, if they so wish.

    https://www.youtube.com/watch?v=sGQRIKpRHzo

    MIL OSI Video –

  • MIL-OSI USA: Honduran arrested for aggravated identity theft

    Source: US Immigration and Customs Enforcement

    TAMPA, Fla. – U.S. Immigrations and Customs Enforcement arrested Elieser Aurelio Gomez-Zelaya, 33, an illegal alien from Honduras, March 31.

    Gomez-Zelaya is charged by federal indictment in Florida with aggravated identity theft, false representation of a Social Security number, and false claim to U.S. citizenship. If convicted on all counts, the defendant faces a minimum penalty of two years, up to 12 years, in federal prison.

    According to the indictment, Gomez-Zelaya misused the names and Social Security numbers of others and falsely claimed to be a United States citizens with the intent to engage unlawfully in employment.

    “Identity theft is not a victimless crime, it undermines our immigration laws and poses a serious threat to the safety of our communities,” said ICE Homeland Security Investigations Tampa Assistant Special Agent in Charge Micah McCombs. “We are committed to working side-by-side with our federal, state and local partners in enforcing the law, and holding accountable those who exploit the system for personal gain.”

    This case was investigated by ICE HSI Tampa, the Department of Transportation – Office of Inspector General, the Social Security Administration – Office of the Inspector General, the United States Border Patrol, the Department of Labor – Office of Inspector General, the Florida Department of Law Enforcement, and the Pinellas County Sheriff’s Office. It will be prosecuted by Assistant United States Attorney Christopher F. Murray.

    MIL OSI USA News –

  • MIL-OSI: MYT Netherlands Parent B.V. (“Mytheresa”) receives final regulatory clearance to acquire YOOX NET-A-PORTER (“YNAP”) from Richemont, with closing planned for 23 April 2025

    Source: GlobeNewswire (MIL-OSI)

    MYT Netherlands Parent B.V. (“Mytheresa”) receives final regulatory clearance
    to acquire YOOX NET-A-PORTER (“YNAP”) from Richemont, with closing planned for 23 April 2025 

    11 April 2025 – Today, Mytheresa (NYSE:MYTE) received the unconditional merger control clearance from the European Commission for the acquisition of YNAP from Richemont (SWX:CFR), through its subsidiary Richemont Italia Holding S.P.A.. Mytheresa and Richemont have now received all other necessary approvals from regulatory authorities and plan to close the transaction on 23 April 2025.

    On 7 October 2024, Mytheresa and Richemont signed binding agreements for the acquisition by Mytheresa of 100% of the share capital of YNAP from Richemont, aiming to build a leading global multi-brand digital luxury group. The receipt of all necessary regulatory approvals is the final step for the completion of the transaction. Under the umbrella of “LuxExperience B.V.”, which the combined company will be named following the acquisition, the brands Mytheresa, NET-A-PORTER, MR PORTER, YOOX and THE OUTNET will offer highly curated and strongly differentiated selections of the most prestigious brands for luxury customers with unprecedented reach and relevance.

    Michael Kliger, Chief Executive Officer of Mytheresa, said, “We are truly excited to have received all required regulatory clearances to finalize the acquisition of YOOX NET-A-PORTER. We will become one of the leading global, digital luxury platforms for true luxury enthusiasts through having multiple, highly distinguished storefronts, all under the umbrella of LuxExperience. We will generate significant synergies by using a joint back-of-house platform, but most importantly because we will have one of the most relevant overall value propositions for global luxury shoppers and brands. Today marks a significant milestone in our success story as we enter a new and exciting phase for both Mytheresa and all YNAP brands, which is expected to create significant value for our customers, brand partners and shareholders.”

    Martin Beer, Chief Financial Officer of Mytheresa, added: “The acquisition of YNAP fulfills Mytheresa´s ambition to build a leading online luxury group worth around 3 billion Euros GMV per annum. In the medium term, our goal for LuxExperience will be to grow to a 4 billion Euros GMV per annum business with >8% Adj. EBITDA margin. While the consolidation of YNAP will initially dilute our EBITDA margin at group level we are uniquely prepared to achieve a fundamental transformation and return the YNAP businesses to profitability. The restructuring is expected to take 24 to 36 months and is well funded with a net cash position of 555 million Euros at closing. We will fully leverage Mytheresa’s operational excellence, proprietary technology and proven ability to execute large-scale projects.”

    Johann Rupert, Chairman of Richemont, said: “We look forward to LuxExperience’s future success, as the receipt of this clearance paves the way for both the Mytheresa and YNAP teams, their brand partners and customers alike to fully benefit from the enhanced value propositions and expanded global reach offered by the combined businesses.”

    At transaction closing, Mytheresa will issue new shares to Richemont representing 33% of Mytheresa’s fully diluted share capital after issuance of the consideration shares. At the same time, Richemont will sell YNAP with a cash position of €555m and no financial debt to Mytheresa, which will become YNAP’s sole shareholder. Richemont will also provide a 6-year €100m revolving credit facility to YNAP. Upon transaction closing, Burkhart Grund, Chief Financial Officer of Richemont, will join Mytheresa Supervisory Board as new Board member.

    Mytheresa, NET-A-PORTER and MR PORTER will continue to offer differentiated, but complementary, multi-brand offering for luxury customers. The three individual store brands will maintain their own brand’s identities while sharing central infrastructure resources jointly. At the same time, the off-price division, consisting of YOOX and THE OUTNET, will be separated from the luxury division for a much simpler and more efficient operating model.

    With regulatory clearance received, Mytheresa and Richemont will now move forward with the final steps required to complete the transaction. A further announcement will be made at transaction closing. Further details on integration plans will be shared in due course. 

    Forward-looking statements

    This press release contains “forward-looking statements” within the meaning of Section 27A of the U.S. Securities Act of 1933, as amended, and Section 21E of the U.S. Securities Exchange Act of 1934, as amended. All statements other than statements of historical fact or relating to present facts or current conditions included in this press release are forward- looking statements. Forward-looking statements give Mytheresa’s current expectations and projections relating to the proposed transaction and the operation of the combined companies; its financial condition, results of operations, plans, objectives, future performance and business, including statements relating to financing activities, future sales, expenses, and profitability; future development and expected growth of our business and industry; our ability to execute our business model and our business strategy; having available sufficient cash and borrowing capacity to meet working capital, debt service and capital expenditure requirements for the next twelve months; and projected capital spending. You can identify forward-looking statements by the fact that they do not relate strictly to historical or current facts. These statements may include words such “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “ongoing,” “plan,” “potential,” “predict,” “project,” “should,” “will,” “would,” or the negative of these terms or other comparable terminology, although not all forward-looking statements contain these words. The forward-looking statements contained in this press release are based on assumptions that Mytheresa has made in light of its industry experience and perceptions of historical trends, current conditions, expected future developments and other factors it believes are appropriate under the circumstances. As you read and consider this press release, you should understand that these statements are not guarantees of performance or results. They involve risks, uncertainties (many of which are beyond Mytheresa’s control) and assumptions. Although Mytheresa believes that these forward-looking statements are based on reasonable assumptions, you should be aware that many factors could affect its actual operating and financial performance and cause its performance to differ materially from the performance anticipated in the forward-looking statements. Mytheresa believes these factors include, but are not limited to: the occurrence of any event, change or other circumstances that could give rise to the termination or abandonment of the proposed transaction; the expected timing and likelihood of completion of the proposed transaction with Richemont; the risk that the remaining conditions to closing the proposed transaction may not be satisfied in a timely manner or at all; the risk that the proposed transaction and its announcement could have an adverse effect on the ability of YNAP to retain customers and retain and hire key personnel and maintain relationships with their brand partners and customers and on their operating results and businesses generally; the risk that problems may arise in successfully integrating the businesses of YNAP and Mytheresa, which may result in the combined company not operating as effectively and efficiently as expected; the risk that the combined company may be unable to achieve cost-cutting synergies or that it may take longer than expected to achieve those synergies; Mytheresa’s ability to effectively compete in a highly competitive industry; Mytheresa’s ability to respond to consumer demands, spending and tastes; general economic conditions, including economic conditions resulting from deteriorating geopolitical and macroeconomic conditions, such as the recent global trade war that escalated after the U.S. imposed tariffs on countries across the globe, and the adoption of retaliatory tariffs by those countries, that may adversely impact consumer demand; Mytheresa’s ability to acquire new customers and retain existing customers; consumers of luxury products may not choose to shop online in sufficient numbers; the volatility and difficulty in predicting the luxury fashion industry; Mytheresa’s reliance on consumer discretionary spending; and Mytheresa’s ability to maintain average order levels and other factors. Should one or more of these risks or uncertainties materialize, or should any of these assumptions prove incorrect, Mytheresa’s actual operating and financial performance may vary in material respects from the performance projected in these forward-looking statements.

    Mytheresa undertakes no obligation to update any forward-looking statements made in this press release to reflect events or circumstances after the date of this press release or to reflect new information or the occurrence of unanticipated events, except as required by law.

    The achievement or success of the matters covered by such forward-looking statements involves known and unknown risks, uncertainties and assumptions. If any such risks or uncertainties materialize or if any of the assumptions prove incorrect, Mytheresa’s results could differ materially from the results expressed or implied by the forward-looking statements it makes.

    You should not rely upon forward-looking statements as predictions of future events. Forward-looking statements represent Mytheresa’s management’s beliefs and assumptions only as of the date such statements are made.

    Further information on these and other factors that could affect Mytheresa’s financial results is included in filings it makes with the U.S. Securities and Exchange Commission (“SEC”) from time to time, including the section titled “Risk Factors” in its annual report on Form 20-F and on Form 6-K (reporting its quarterly results). These documents are available on the SEC’s website at www.sec.gov and on the SEC Filings section of the Investor Relations section of our website at: https://investors.mytheresa.com.

      
    About non-IFRS financial measures and operating metrics

    Adjusted EBITDA margin is a non-IFRS financial measure that we calculate as net income before finance expense (net), taxes, and depreciation and amortization, adjusted to exclude Other transaction-related, certain legal and other expenses and Share-based compensation expense. Adjusted EBITDA Margin is a non-IFRS financial measure which is calculated in relation to net sales.

    We are not able to forecast net income (loss) on a forward-looking basis without unreasonable efforts due to the high variability and difficulty in predicting certain items that affect net income (loss), including, but not limited to, Income taxes and Interest expense and, as a result, are unable to provide a reconciliation to forecasted Adjusted EBITDA.

    Gross Merchandise Value (GMV) is an operative measure and means the total Euro value of orders processed, either as principal or as agent. GMV is inclusive of merchandise value, shipping and duty. It is net of returns, value added taxes, applicable sales taxes and cancellations. GMV does not represent revenue earned by us. We use GMV as an indicator for the usage of our platform that is not influenced by the mix of direct sales and commission sales. The indicators we use to monitor usage of our platform include, among others, active customers, total orders shipped and GMV.

    About Mytheresa

    Mytheresa is one of the leading luxury multi-brand digital platforms shipping to over 130 countries. Founded as a boutique in 1987, Mytheresa launched online in 2006 and offers ready-to-wear, shoes, bags and accessories for womenswear, menswear, kidswear as well as lifestyle products and fine jewelry. The highly curated edit of up to 250 brands focuses on true luxury brands such as Bottega Veneta, Brunello Cucinelli, Dolce&Gabbana, Gucci, Loewe, Loro Piana, Moncler, Prada, Saint Laurent, The Row, Valentino, and many more. Mytheresa’s unique digital experience is based on a sharp focus on high-end luxury shoppers, exclusive product and content offerings, leading technology and analytical platforms as well as high quality service operations. The NYSE listed company reported € 913.6 million GMV in fiscal year 2024 (+7% vs. FY23). For more information, please visit https://investors.mytheresa.com/.

    “LuxExperience” will be the trade name for LuxExperience B.V. a Dutch company with limited liability, upon completion of the renaming of MYT Netherlands Parent B.V.

    About Richemont

    At Richemont, we craft the future. Our unique portfolio includes prestigious Maisons distinguished by their craftsmanship and creativity. Richemont’s ambition is to nurture its Maisons and businesses and enable them to grow and prosper in a responsible, sustainable manner over the long term.

    Richemont operates in three business areas: Jewellery Maisons with Buccellati, Cartier, Van Cleef & Arpels and Vhernier; Specialist Watchmakers with A. Lange & Söhne, Baume & Mercier, IWC Schaffhausen, Jaeger-LeCoultre, Panerai, Piaget, Roger Dubuis and Vacheron Constantin; and Other, primarily Fashion & Accessories Maisons with Alaïa, Chloé, Delvaux, dunhill, G/FORE, Gianvito Rossi, Montblanc, Peter Millar, Purdey, Serapian as well as Watchfinder & Co. In addition, Richemont operates NET-A-PORTER, MR PORTER, THE OUTNET, YOOX and the OFS division. Find out more at https://www.richemont.com/.

    Richemont ‘A’ shares are listed on the SIX Swiss Exchange, Richemont’s primary listing, and are included in the Swiss Market Index (‘SMI’) of leading stocks. The ‘A’ shares are also traded on the Johannesburg Stock Exchange (JSE), Richemont’s secondary listing.

    About YOOX NET-A-PORTER (YNAP)

    YNAP is a world leading online luxury and fashion retailer, with a distinctive offering including multi-brand in-season online stores NET-A-PORTER and MR PORTER, and multi-brand off-season online stores YOOX and THE OUTNET.

    Uniquely positioned in the high growth online luxury sector, YNAP has a client base of c.4 million high-spending customers and over 900 million visitors worldwide. The Group has offices and operations in the United States, Europe, Middle East, Japan, mainland China and Hong Kong SAR, China. It delivers to over 170 countries around the world. 

    Investor Relations Contacts
    Mytheresa.com GmbH
    Stefanie Muenz
    phone: +49 89 127695-1919
    email: investors@mytheresa.com

    Media Contacts for public relations
    Mytheresa.com GmbH
    Sandra Romano
    mobile: +49 152 54725178
    email: sandra.romano@mytheresa.com

    Media Contacts for business press
    Mytheresa.com GmbH
    Lisa Schulz
    mobile: +49 151 11216490
    email: lisa.schulz@mytheresa.com

    Media Contacts for business press
    BOC Consult GmbH
    Ruediger Assion
    mobile: +49 176 2424 7691
    email: ruediger.assion@boc-consult.com

    Richemont Contacts
    Investor / analyst enquiries: +41 22 721 30 03; investor.relations@cfrinfo.net
    Media enquiries: +41 22 721 35 07; pressoffice@cfrinfo.net; richemont@teneo.com

    Source: MYT Netherlands Parent B.V.

    Click here for a printer-friendly version in English (PDF)

    The MIL Network –

  • MIL-OSI Security: Del Rio Man Sentenced to 30 Years in Federal Prison for Producing Child Pornography

    Source: Office of United States Attorneys

    DEL RIO, Texas – A Del Rio man was sentenced to 360 months in federal prison for production of child pornography.

    According to court documents, Hector Sanchez, 33, used his Facebook account to contact a 13-year-old female in October 2020. Sanchez demanded that the child send him explicitly nude photos, which she eventually did, and told her he was going to purchase condoms. On Oct. 6, 2020, he met the child victim outside her house and later messaged that he wished she wasn’t so young so that they wouldn’t “have to hide.” He also told her to ensure she deleted their conversations. On Oct. 26, Sanchez sent the child nude photos and a sexually explicit video of himself.

    On Nov. 23, 2020, Homeland Security Investigations received information originating from the National Center for Missing and Exploited Children (NCMEC) regarding suspected child exploitation in violation of federal law. The following day, agents were able to conduct a forensic interview with the child victim. Sanchez pleaded guilty to one count of production of child pornography on July 21, 2023.

    “Sanchez knowingly and deliberately befriended a minor over social media with full intent to develop a discreet sexual relationship with her,” said Acting U.S. Attorney Margaret Leachman for the Western District of Texas. “I am very grateful for the involvement of NCMEC and our law enforcement partners in this case. Because of the systems and processes available to us and our capabilities to investigate and prosecute crimes against children, Sanchez will spend the next three decades paying for his actions in federal prison.”

    “This lengthy sentence is a testament to the disgusting nature of child exploitation crimes, particularly the production of child pornography,” said ICE HSI San Antonio Special Agent in Charge Craig S. Larrabee. “HSI agents make it a priority to protect vulnerable children from victimization by working with their law enforcement partners to investigate predators involved with the possession and distribution of child pornography and ensure they are held accountable for their actions.”

    HSI investigated the case.

    Assistant U.S. Attorney Nallely Duarte and former Assistant U.S. Attorney Rex Beasley prosecuted the case.

    This case was brought as part of Project Safe Childhood, a nationwide initiative to combat the growing epidemic of child sexual exploitation and abuse launched in May 2006 by the Department of Justice. Led by U.S. Attorneys’ Offices and CEOS, Project Safe Childhood marshals federal, state and local resources to better locate, apprehend and prosecute individuals who exploit children via the Internet, as well as to identify and rescue victims. For more information about Project Safe Childhood, please visit www.justice.gov/psc.

    ###

    MIL Security OSI –

  • MIL-OSI China: China to strengthen employment services for ex-service personnel

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

    BEIJING, April 11 — Chinese authorities have launched a nationwide campaign focusing on employment services for ex-service personnel this year.

    Scheduled to run from April to November, the campaign was announced through a circular jointly issued by the Ministry of Veterans Affairs, the Ministry of Finance, the Ministry of Human Resources and Social Security and three other authorities.

    Veteran affairs departments across the country should establish up-to-date data comparison mechanisms in coordination with local human resources and social security as well as tax authorities, in order to maintain dynamic oversight of the employment situation of ex-service personnel, according to the circular.

    It called for a combination of online and offline channels to intensively carry out various recruitment activities, with the aim of providing suitable employment opportunities for retired military personnel.

    The circular highlighted the role of private businesses in the employment of ex-service personnel, while calling for targeted recruitment campaigns within state-owned enterprises.

    Efforts should also be made to align with the development of artificial intelligence in skills training, and guide ex-service personnel toward employment in areas such as algorithm design, data processing and engineering applications, according to the circular.

    MIL OSI China News –

  • MIL-OSI: Eightco Announces the Completion of the sale of Fergueson Containers, Inc.

    Source: GlobeNewswire (MIL-OSI)

    Strategic Divestiture Continues Focus on Core Forever 8 Business’ Long-Term Growth

    Easton, PA, April 11, 2025 (GLOBE NEWSWIRE) — Eightco Holdings Inc. (NASDAQ: OCTO) (the “Company” or “Eightco”) today announced that it has completed the sale of its subsidiary, Ferguson Containers, Inc., to Reichard Corrugated Products, LLC, an entity controlled by the existing management of Ferguson Containers.

    “We are pleased to announce the sale of Ferguson Containers. This planned divestiture is a milestone that will allow both companies to better position themselves for long-term success and aligns with our focus on our core business,” said Paul Vassilakos, CEO of Eightco and President of Forever 8 Fund, LLC (“Forever 8”), the Company’s remaining subsidiary. “We are grateful for the commitment and value Ferguson Containers has provided us. We extend our sincere congratulations to Edward and Derick Reichard, Senior Managers at Ferugson Containers for 35 years and Founders of Reichard Corrugated Products, LLC, and their team. We wish them the best as they embark on this new chapter.”

    Mr. Vassilakos, continued “This transaction is consistent with Eightco’s strategy to prioroitize and continue to sharpen its focus on its core business, Forever 8, and will move forward with its ongoing efforts to drive long-term growth by responding to the high demand for inventory and cash flow management solutions.”

    A description of the Asset Purchase Agreement and the terms of the acquisition are contained in the Company’s Current Report on Form 8-K which was filed with the U.S. Securities and Exchange Commission (“SEC”) on November 27, 2024 and can be found at at www.sec.gov.

    About Eightco Holdings, Inc.

    Eightco (NASDAQ: OCTO) is committed to growth of its subsidiary, Forever 8 Fund, LLC, an inventory capital and management platform for e-commerce sellers. In addition, the Company is actively seeking new opportunities to add to its portfolio of technology solutions focused on the e-commerce ecosystem through strategic acquisitions. Through a combination of innovative strategies and focused execution, Eightco aims to create significant value and growth for its stockholders.

    For additional information, please visit www.8co.holdings and www.forever8.com.

    Forward-Looking Statements

    This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements in this press release other than statements of historical fact could be deemed forward looking. Words such as “plans,” “expects,” “will,” “anticipates,” “continue,” “expand,” “advance,” “develop” “believes,” “guidance,” “target,” “may,” “remain,” “project,” “outlook,” “intend,” “estimate,” “could,” “should,” and other words and terms of similar meaning and expression are intended to identify forward-looking statements, although not all forward-looking statements contain such terms. Forward-looking statements are based on management’s current beliefs and assumptions that are subject to risks and uncertainties and are not guarantees of future performance. Actual results could differ materially from those contained in any forward-looking statement as a result of various factors, including, without limitation: Eightco’s ability to maintain compliance with the Nasdaq’s continued listing requirements; unexpected costs, charges or expenses that reduce Eightco’s capital resources; Eightco’s inability to raise adequate capital to fund its business; and Eightco’s inability to innovate and attract users for Eightco’s products and services. Given these risks and uncertainties, you are cautioned not to place undue reliance on such forward-looking statements. For a discussion of other risks and uncertainties, and other important factors, any of which could cause Eightco’s actual results to differ from those contained in forward-looking statements, see Eightco’s filings with the SEC, including in its Annual Report on Form 10-K filed with the SEC on April 1, 2024. All information in this press release is as of the date of the release, and Eightco undertakes no duty to update this information or to publicly announce the results of any revisions to any of such statements to reflect future events or developments, except as required by law.

    For further information, please contact:
    Investor Relations
    investors@8co.holdings

    The MIL Network –

  • MIL-OSI: Hanmi Financial Corporation Announces First Quarter 2025 Earnings and Conference Call Date

    Source: GlobeNewswire (MIL-OSI)

    LOS ANGELES, April 11, 2025 (GLOBE NEWSWIRE) — Hanmi Financial Corporation (Nasdaq: HAFC) (“Hanmi”), the holding company for Hanmi Bank, today announced that it will report first quarter 2025 financial results after the market close on Tuesday, April 22, 2025. Management will host a conference call that same day, at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) to discuss the results.

    Investment professionals and all current and prospective shareholders are invited to access the live call on April 22 by dialing 1-877-407-9039 before 2:00 p.m. Pacific Time, using access code “Hanmi Bank”. To listen to the call online visit the investor relations page of Hanmi’s website at www.hanmi.com. The webcast will also be available for replay approximately one hour following the call.

    About Hanmi Financial Corporation
    Headquartered in Los Angeles, California, Hanmi Financial Corporation owns Hanmi Bank, which serves multi-ethnic communities through its network of 32 full-service branches, five loan production offices and three loan centers in California, Colorado, Georgia, Illinois, New Jersey, New York, Texas, Virginia and Washington and Georgia. Hanmi Bank specializes in real estate, commercial, SBA and trade finance lending to small and middle market businesses. Additional information is available at www.hanmi.com.

    Contact
    Romolo (Ron) Santarosa
    Senior Executive Vice President & Chief Financial Officer
    213-427-5636

    Lisa Fortuna
    Investor Relations
    Financial Profiles, Inc.
    310-622-8251

    Source: Hanmi Bank

    The MIL Network –

  • MIL-OSI: CSW Industrials Increases Quarterly Dividend by 12.5% to $0.27 Per Share

    Source: GlobeNewswire (MIL-OSI)

    DALLAS, April 11, 2025 (GLOBE NEWSWIRE) — The Board of Directors of CSW Industrials, Inc. (Nasdaq: CSWI) today declared a regular quarterly cash dividend of $0.27 per share. This represents an increase of $0.03 per share, or approximately 12.5%, as compared to the paid dividend in the prior quarter. The dividend is payable on May 9, 2025, to shareholders of record as of the close of business on April 25, 2025.

    “We are pleased to announce the sixth increase in our quarterly dividend, reflecting our strong balance sheet, cash flows and profitability. Since October of 2017, CSWI has returned $222.4 million in cash to our shareholders through share repurchases and dividends, while delivering impressive growth, both organically and through accretive acquisitions,” said Joseph B. Armes, CSW Industrials Chairman, President, and Chief Executive Officer.

     
    Details
    Dividend Amount: $0.27
    Record Date: April 25, 2025
    Payable Date: May 9, 2025
       

    About CSW Industrials
    CSW Industrials is a diversified industrial growth company with industry-leading operations in three segments: Contractor Solutions, Specialized Reliability Solutions, and Engineered Building Solutions. CSWI provides niche, value-added products with two essential commonalities: performance and reliability. The primary end markets we serve with our well-known brands include: HVAC/R, plumbing, electrical, general industrial, architecturally-specified building products, energy, mining, and rail transportation. For more information, please visit www.cswindustrials.com. 

    Investor Relations
    Alexa Huerta
    Vice President of Investor Relations and Treasurer
    214-489-7113
    Alexa.Huerta@cswi.com

    The MIL Network –

  • MIL-OSI: QC Holdings, Inc. to be Acquired by Prospect Capital Corporation

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, April 11, 2025 (GLOBE NEWSWIRE) — A portfolio company of Prospect Capital Corporation (“Prospect”) (NASDAQ: PSEC) and QC Holdings, Inc. (“QC Holdings” or the “Company”) (OTCPK:QCCO) today announced they have entered into a definitive merger agreement pursuant to which, subject to certain conditions and on the terms set forth in the merger agreement, Prospect would acquire QC Holdings in an all-cash transaction, for $2.00 per share, for a total enterprise value of approximately $115 million (the “Merger”).

    The Merger was unanimously approved by the board of directors of QC Holdings and by the holders of a majority of the outstanding shares of the Company’s common stock. No other stockholder approval is required. Completion of the Merger is subject to the receipt of certain required regulatory approvals, as well as certain other closing conditions customary for transactions of this nature. The transaction is expected to close in 40 to 60 days.

    Upon completion of the transaction, QC Holdings’ common stock will no longer be listed on the OTC Pink Market. The Company will remain headquartered in Lenexa, Kansas.

    The QC Holdings management team, led by Darrin Andersen, President and Chief Executive Officer, will continue to lead the Company post-Merger in their current roles.

    “QC Holdings has built a strong foundation based on innovation, customer service, and operational excellence,” said Mr. Andersen. “This Merger provides an excellent premium for our stockholders above our stock price. Our access to greater capital through Prospect will position us for future growth and innovation, ensuring that we will continue to provide increased value to our customers.”

    “Prospect looks forward to supporting the growth of QC Holdings, a strong consumer finance business with a 40-year history,” said Grier Eliasek, President and Chief Operating Officer of Prospect.

    Blank Rome LLP served as legal advisor to Prospect. Stinson LLP served as legal advisor to QC Holdings.

    About QC Holdings, Inc.

    QC Holdings specializes in consumer-focused alternative financial services and credit solutions and, for more than 40 years, has been providing credit options for people underserved by traditional banking institutions. Its core products include a variety of short-term loans and financial services. In the United States, QC Holdings operates as “LendNation” through more than 325 retail locations in 12 states. In Canada, QC Holdings offers loans through 19 retail locations and online.

    About Prospect Capital Corporation

    Prospect is a business development company lending to and investing in private businesses. Prospect’s investment objective is to generate both current income and long-term capital appreciation through debt and equity investments.

    Prospect has elected to be treated as a business development company under the Investment Company Act of 1940. Prospect has elected to be treated as a regulated investment company under the Internal Revenue Code of 1986.

    Cautionary Note Regarding Forward-Looking Statements

    This press release contains forward-looking statements within the meaning of safe harbor provisions of the U.S. Private Securities Litigation Reform Act, whose safe harbor for forward-looking statements does not apply to business development companies. Forward-looking statements do not relate strictly to historical or current facts and may be identified by the use of words such as “may,” “will,” “should,” “could,” “would,” “expects,” “plans,” “anticipates,” “believes,” “estimates,” “projects,” “predicts,” “forecasts,” “foresees,” “potential” and other words of similar meaning in conjunction with statements regarding, among other things, (i) plans and objectives of management for the operation of QC Holdings, (ii) statements regarding the timing of completion of the merger and the consummation of the Merger, (iii) the anticipated financing of the transaction, (iv) the anticipated benefits to QC Holdings arising from the completion of the Merger, (v) the impact of the Merger on QC Holdings’ business strategy and future business and operational performance, and (vi) the assumptions underlying or relating to any such statement. Such forward-looking statements are not meant to predict or guarantee actual results, performance, events or circumstances. Actual results and the timing of certain events and circumstances may differ materially from those described by the forward-looking statements.

    Additional Information Regarding the Merger

    QC Holdings will mail or otherwise make available to its stockholders an Information Statement (the “Information Statement”), describing the Merger. QC HOLDINGS’ STOCKHOLDERS ARE URGED TO CAREFULLY REVIEW THE INFORMATION STATEMENT AND ANY ACCOMPANYING DOCUMENTS IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE MERGER. QC Holdings stockholders may obtain a free copy of the Information Statement and other documents (when available) from Computershare, the Company’s stock transfer agent.  A copy of the Information Statement will also be available on QC Holdings’ website at www.qchi.com.

    For further information, contact:

    Grier Eliasek, President and Chief Operating Officer, Prospect Capital Corporation 
    grier@prospectcap.com 
    (212) 448-0702

    Darrin J. Andersen, President / Chief Executive Officer, QC Holdings Inc. 
    Darrin.andersen@qcholdings.com
    (913) 234-5122

    Joshua C. Ditmore, General Counsel, QC Holdings, Inc.
    Joshua.ditmore@qcholdings.com
    (913) 234-5174

    The MIL Network –

  • MIL-OSI Security: York County Man Pleads Guilty To Filing False Income Tax Returns That Omitted More Than $13 Million In Income From Digital Artwork Sales

    Source: Office of United States Attorneys

    HARRISBURG- The United States Attorney’s Office for the Middle District of Pennsylvania announced that Waylon Wilcox, age 45, of Dillsburg, Pennsylvania, appeared in federal court April 9, 2025, before Senior United States District Judge Malachy E. Mannion, and pled guilty to a two-count criminal information charging him with filing false individual income tax returns.

    According to court documents and statements made in court, on April 10, 2022, in Cumberland County, Wilcox filed a false individual income tax return for tax year 2021 that underreported his income for tax year 2021 by approximately $8,511,238 and reduced Wilcox’s tax then due and owing by approximately $2,180,452. On October 10, 2023, in Cumberland County, Wilcox filed a false individual income tax return for tax year 2022 that underreported Wilcox’s income for tax year 2022 by approximately $4,599,532 and reduced Wilcox’s tax then due and owing by approximately $1,098,623.

    Wilcox obtained most of this unreported income after acquiring and selling 97 pieces of digital artwork from the “CryptoPunks” collection of 10,000 unique art characters. Individual pieces from the digital artwork collection were referred to as “Punks.”

    Each Punk was unique and contained digital proof of ownership that could be tracked on a blockchain, a digitally distributed, decentralized, public ledger. Two Punks from the same blockchain could look identical but were not interchangeable, meaning they were non-fungible. These so-called “non-fungible tokens” (or NFTs) could be traded and sold for money or cryptocurrency.  

    In 2021, Wilcox sold approximately 62 Punks for a total of approximately $7,402,935. In 2022, Wilcox sold approximately 35 Punks for a total of approximately $4,899,180. On his 2021 individual income tax return, Wilcox falsely answered “no” to the question “At any time in 2021, did you receive, sell, exchange, or otherwise dispose of financial interest in any virtual currency?” On his 2022 individual income tax return, Wilcox falsely answered “no” to the question “At any time during 2022, did you: (a) receive (as a reward, award or payment for property or services); or (b) sell, exchange, gift or otherwise dispose of a digital asset (or a financial interest in a digital asset)?”

    When a taxpayer sells an NFT, including a Punk, then the taxpayer must report sales proceeds and any gains or losses from the sale of the NFT on their tax return.

    “IRS Criminal Investigation is committed to unraveling complex financial schemes involving virtual currencies and non-fungible token (NFT) transactions designed to conceal taxable income,” said Philadelphia Field Office Special Agent in Charge Yury Kruty. “In today’s economic environment, it’s more important than ever that the American people feel confident that everyone is playing by the rules and paying the taxes they owe.”  

    The case was investigated by the Internal Revenue Service, Criminal Investigation. Assistant U.S. Attorney David C. Williams is prosecuting the case.

    The total maximum penalty under federal law for these offenses is up to six years of imprisonment, a term of supervised release following imprisonment, and a fine. A sentence following a finding of guilt is imposed by the Judge after consideration of the applicable federal sentencing statutes and the Federal Sentencing Guidelines.

    # # #

    MIL Security OSI –

  • MIL-OSI: Skycorp Solar Group Limited Appoints Feng Shibo to Board of Directors

    Source: GlobeNewswire (MIL-OSI)

    Ningbo, China, April 11, 2025 (GLOBE NEWSWIRE) — Skycorp Solar Group Limited (the “Company” or “PN”), a reputable solar PV product provider engaged in the manufacture and sale of solar cables and solar connectors, today announced the appointment of Feng Shibo to the Company’s Board of Directors (“the Board”) and as Chair of the Audit Committee, effective April 08, 2025.

    Mr. Feng is currently CFO of China Forestry Treasury Center Limited, where he manages financing, internal controls, and financial systems. Previously, he served as Senior Vice President at Shandong Hi-Speed Resources Fund, overseeing financing for large real estate projects. He also worked at Guotai Junan Securities Co. Ltd. and managed audits for major clients during his time at PricewaterhouseCoopers LLP, accumulating over a decade of diverse financial advisory experience. Mr. Feng holds a Bachelor’s degree in Finance and a Master’s degree in Professional Accounting.

    Li Baosong has resigned as an Independent Director of the Board for personal reasons, effective April 08, 2025.

    Mr. Weiqi Huang, Chairman and CEO of the Company commented: “We are thrilled to welcome Shibo to the Board of Directors. His strategic vision and rich experience in corporate financing will bring invaluable perspective as we execute our business growth plan and drive shareholder value creation. Mr. Feng will combine strategic planning with practical execution, consistently delivering value in capital operations, risk management, and financial optimization, with both international insight and local expertise. His appointment underscores the continued commitment to recruit new independent and highly qualified directors to deliver long-term shareholder returns.”

    About Skycorp Solar Group Limited

    Skycorp Solar Group Limited is a solar photovoltaic (PV) product provider focused on manufacturing and selling solar cables and connectors. We also partner with various IC chip manufacturers to offer new and used GPU and HPC servers. Our operations are managed through our subsidiaries, including Ningbo Skycorp Solar Co., Ltd., in China.

    The Company’s mission is to become a green energy solutions provider for data centers by utilizing solar power and delivering eco-friendly solar PV products. By leveraging the Company’s expertise in solar technologies and relationships with HPC server clients, it aims to expand offerings of solar PV products and server solutions for enterprise customers. For more information, please visit: https://www.skycorp.com.

    Forward-Looking Statement

    This press release contains forward-looking statements. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When the Company uses words such as “may, “will, “intend,” “should,” “believe,” “expect,” “anticipate,” “project,” “estimate” or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company’s expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, factors discussed in the “Risk Factors” section of the registration statement filed with the SEC. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company’s filings with the SEC, which are available for review at www.sec.gov. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof.

    For more information, please contact:

    Investor Relations
    WFS Investor Relations Inc.
    Connie Kang
    Partner
    Email: ckang@wealthfsllc.com
    Tel: +86 1381 185 7742 (CN)

    The MIL Network –

  • MIL-OSI: First Bancshares, Inc. Announces Operating Results for Quarter Ended March 31, 2025

    Source: GlobeNewswire (MIL-OSI)

    MOUNTAIN GROVE, Mo., April 11, 2025 (GLOBE NEWSWIRE) — First Bancshares, Inc. (OTCQX: FBSI) (“Company”), the holding company for Stockmens Bank (“Bank”), today announced its unaudited financial results for the quarter ended March 31, 2025.

    For the first quarter of 2025, the Company reported after-tax net income of $1,692,000 or $0.71 per share-diluted compared to $1,653,000 or $0.68 per share-diluted for the same period in 2024. Net income for the first quarter of 2025 represents an after-tax return on average assets of 1.26% and an after-tax return on equity of 11.19%. The Company has again effectively overcome stubborn inflationary pressures on non-interest expenses by building net interest margin to 4.50%, reducing cost of funds to 1.80%, and increasing yield on earning assets to 6.34%.

    Since March 31, 2024, consolidated total assets decreased $7.1 million to $532.4 million through a $26.4 million outflow of cash and cash equivalents, most of which was deployed into an additional $19.2 million in loans receivable. Total deposits decreased $14.0 million to $464.1 million, and stockholders’ equity increased $6.2 million to $61.4 million, boosted by a reduction in the unrealized loss position on the Bank’s miniscule available for sale securities portfolio.

    During the first quarter of 2025, the Bank continued a trend of funding operations through core deposits, preserving robust earnings ratios, maintaining stellar asset quality, and strengthening of tier 1 capital to over 11% through organic means. During one of the most tumultuous economic periods in recent history, the Company is equipped to take advantage of opportunities as they arise in 2025.

    The Bank meets all regulatory requirements for “well-capitalized” status.

    About the Company

    First Bancshares, Inc. is the holding company for Stockmens Bank, a FDIC-insured commercial bank chartered by the State of Colorado that conducts business from its home office in Colorado Springs, Colorado, and eight full-service Missouri offices in Mountain Grove, Marshfield, Ava, Kissee Mills, Gainesville, Crane, Hartville and Springfield, and full-service offices in Bartley, Nebraska and Akron, Colorado.

    Cautionary Note Regarding Forward-Looking Statements

    The Company and its wholly owned subsidiary, Stockmens Bank, may from time to time make written or oral “forward-looking statements” in its reports to shareholders, and in other communications by the Company, which are made in good faith by the Company pursuant to the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995.

    These forward-looking statements include statements with respect to the Company’s beliefs, expectations, estimates and intentions that are subject to significant risks and uncertainties, and are subject to change based on various factors, some of which are beyond the Company’s control. Such statements address the following subjects: future operating results; customer growth and retention; loan and other product demand; earnings growth and expectations; new products and services; credit quality and adequacy of reserves; results of examinations by our bank regulators, technology, and our employees. The following factors, among others, could cause the Company’s financial performance to differ materially from the expectations, estimates and intentions expressed in such forward-looking statements: the strength of the United States economy in general and the strength of the local economies in which the Company conducts operations; the effects of, and changes in, trade, monetary, and fiscal policies and laws, including interest rate policies of the Federal Reserve Board; inflation, interest rate, market, and monetary fluctuations; the timely development and acceptance of new products and services of the Company and the perceived overall value of these products and services by users; the impact of changes in financial services’ laws and regulations; technological changes; acquisitions; changes in consumer spending and savings habits; and the success of the Company at managing and collecting assets of borrowers in default and managing the risks of the foregoing.

    The foregoing list of factors is not exclusive. The Company does not undertake, and expressly disclaims any intent or obligation, to update any forward-looking statement, whether written or oral, that may be made from time to time by or on behalf of the Company.

    Contact: Robert M. Alexander, Chairman and CEO – (719) 955-2800

     
    First Bancshares, Inc. and Subsidiaries
    Financial Highlights
    (unaudited)
    (In thousands, except per share amounts)
                   
                   
          Quarter Ended   Quarter Ended   Quarter Ended
          March 31,   December 31,   March 31,
          2025   2024   2024
    Operating Data:            
                   
    Total interest income   $ 7,965   $ 8,161   $ 8,141
    Total interest expense   2,310   2,398   2,798
      Net interest income   5,655   5,763   5,343
    Provision for credit losses   178   241   202
      Net interest income after provision for credit losses   5,477   5,522   5,141
    Gain (loss) on sale of investments   –   –   –
    Non-interest income   360   403   377
    Non-interest expense   3,584   3,711   3,323
    Income before taxes   2,253   2,214   2,195
    Income tax expense   561   495   542
      Net income   $ 1,692   $ 1,719   $ 1,653
                   
      Earnings per share   $ 0.71   $ 0.71   $ 0.68
                   
          At   At   At
          March 31,   December 31,   March 31,
    Financial Condition Data:   2025   2024   2024
                   
    Cash and cash equivalents   $ 56,606   $ 68,570   $ 82,987
      (excludes CDs)      
    Investment securities   13,338   13,066   12,959
      (includes CDs)      
    Loans receivable, net   431,933   423,657   412,692
    Goodwill and intangibles   1,479   1,515   1,622
    Total assets   532,413   537,885   539,520
    Deposits   464,064   472,596   478,037
    Repurchase agreements   1,300   1,084   1,357
    Borrowings   –   –   –
    Stockholders’ equity   61,402   59,562   55,216
    Book value per share   $ 25.29   $ 24.53   $ 22.74
                       

    The MIL Network –

  • MIL-OSI: Apollo Funds Commit up to $400 Million for New Commercial Solar Partnership with Summit Ridge Energy

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK and ARLINGTON, Va., April 11, 2025 (GLOBE NEWSWIRE) — Apollo (NYSE: APO) and Summit Ridge Energy, LLC (“Summit Ridge Energy” or “Summit Ridge”), one of the nation’s leading commercial solar companies, today announced that Apollo-managed funds (the “Apollo Funds”) have committed up to $400 million for a new joint venture partnership with Summit Ridge to jointly own and operate a portfolio of commercial solar assets across Illinois.

    Summit Ridge Energy is one of the largest owner-operators of commercial solar assets in the United States, with over 2GW of solar projects operating and in development across Illinois, Maryland, Virginia, New York, Delaware, Pennsylvania and Maine, providing energy savings to more than 40,000 homes and businesses while contributing to American energy independence. In 2022, Apollo Funds previously made a $175 million strategic investment in Summit Ridge.

    Apollo Partner Corinne Still said, “We are pleased to expand our relationship with Summit Ridge Energy and enter this new partnership, which we believe represents a compelling opportunity to invest in solar projects poised to contribute domestic power generation capacity to meet growing electricity demands for households and businesses alike. Apollo is committed to serving as a leading capital provider enabling the new industrial renaissance and is excited to continue our support of Summit Ridge’s mission to deliver a more secure, self-reliant energy future for communities across the country.”

    “As we expand our footprint of solar assets, Summit Ridge Energy is advancing a more reliable and locally driven energy system—bolstering the U.S. electric grid while delivering savings to businesses and households and helping to create thousands of American jobs,” said Adam Kuehne, Chief Investment Officer of Summit Ridge Energy. “We’re proud to partner with the Apollo team as we continue driving the nation toward greater energy independence.”

    Over the past five years, Apollo-managed funds and affiliates have committed, deployed or arranged approximately $58 billioni of climate and energy transition-related investments, supporting companies and projects across clean energy and infrastructure.

    Orrick, Herrington & Sutcliffe LLP served as legal counsel to the Apollo Funds.

    ____________________
    i     As of December 31, 2024. The firmwide targets (the “Targets”) to deploy, commit, or arrange capital commensurate with Apollo’s proprietary Climate and Transition Investment Framework (the “CTIF”), are (1) $50 billion by 2027 and (2) more than $100 billion by 2030 The CTIF, which is subject to change at any time without notice, sets forth certain activities classified by Apollo as sustainable economic activities (“SEAs”), and the methodologies used to calculate contribution towards the Targets. Only investments determined to be currently contributing to an SEA in accordance with the CTIF are counted toward the Targets. Under the CTIF, Apollo uses different calculation methodologies for different types of investments in equity, debt and real estate. For additional details on the CTIF, please refer to our website here: https://www.apollo.com/strategies/asset-management/real-assets/sustainable-investing-platform.

    About Apollo

    Apollo is a high-growth, global alternative asset manager. In our asset management business, we seek to provide our clients excess return at every point along the risk-reward spectrum from investment grade credit to private equity. For more than three decades, our investing expertise across our fully integrated platform has served the financial return needs of our clients and provided businesses with innovative capital solutions for growth. Through Athene, our retirement services business, we specialize in helping clients achieve financial security by providing a suite of retirement savings products and acting as a solutions provider to institutions. Our patient, creative, and knowledgeable approach to investing aligns our clients, businesses we invest in, our employees, and the communities we impact, to expand opportunity and achieve positive outcomes. As of December 31, 2024, Apollo had approximately $751 billion of assets under management. To learn more, please visit www.apollo.com.

    About Summit Ridge Energy   

    As the nation’s leading commercial solar company, Summit Ridge Energy merges financial innovation and industry-leading execution to deliver locally generated energy via a more resilient and secure electric grid. This has made Summit Ridge one of the fastest-growing energy companies in America, with over 2 GW of solar power operating and in development.

    Since launching in 2017, Summit Ridge has raised over $5B in project capital to finance 200+ solar farms, providing energy savings to more than 40,000 homes and businesses while contributing to American energy independence. Learn more at srenergy.com and connect with us on LinkedIn.

    Contacts

    For Apollo:

    Noah Gunn
    Global Head of Investor Relations
    Apollo Global Management, Inc.
    212-822-0540
    ir@apollo.com

    Joanna Rose
    Global Head of Corporate Communications
    Apollo Global Management, Inc.
    212-822-0491
    communications@apollo.com

    For Summit Ridge Energy:

    Media

    347-723-7231

    press@srenergy.com

    Business Development

    business@srenergy.com

    The MIL Network –

  • MIL-OSI: MEXC Among Top 3 CEXs with $1.79B Monthly Inflows, Driven by Innovative Strategies

    Source: GlobeNewswire (MIL-OSI)

    VICTORIA, Seychelles, April 11, 2025 (GLOBE NEWSWIRE) — MEXC has achieved a net inflow of $77.5 million over the past 7 days, positioning itself as one of the few major centralized exchanges (CEXs) to demonstrate positive momentum during a widespread market decline, according to DeFiLlama. The exchange’s total monthly net inflow reached $1.79 billion, a 12.4% rise from the previous month, highlighting its resilience and consistent growth amid cautious user behavior across the broader market.

    DeFiLlama data also ranks MEXC among the top 3 exchanges for monthly inflows, with $84.25 million recorded in April alone and a total value locked (TVL) of $2.8 billion as of April 9, 2025. This performance reflects MEXC’s growing credibility and ability to attract liquidity despite ongoing market volatility.

    Exchange 7-Day Net Inflow 30-Day Net Inflow
    Binance +$888 million +$3.7 billion
    Bybit +$564.9 million +$3.2 billion
    MEXC +$77.5 million +$1.79 billion
    Kucoin −$40 million −$893.5 million
    HTX +$402.1 million +$464.9 million

    Net Inflow Trends Across Major CEXs (Source: https://defillama.com/cexs)
    MEXC’s standout performance over the past month can be attributed to its strategic focus on trading initiatives and ecosystem development. The key drivers behind this success include the following:

    1. Strategic Initiatives: Through its “Zero Trading Fee” campaign, MEXC significantly boosted trading volume and user engagement.
    2. BNB Chain Ecosystem Focus: MEXC’s targeted approach to CZ/BNB-Chain concept tokens, coupled with high returns and trading volumes of popular tokens, further drove user fund inflows.
    3. Capturing High-Potential Tokens: As the first platform to list CZ/BNB-Chain concept tokens like MUBARAK, MEXC created opportunities for low-cost entry and high returns, drawing significant user capital.
    4. Launch of DEX+: The launch of DEX+, a hybrid centralized-decentralized trading platform, lowered the barriers to on-chain trading, enhancing MEXC’s appeal to users and boosting fund inflows.

    1. Zero Trading Fee Strategy Significantly Boosts Trading Activity

    During its March Zero Trading Fee campaign, MEXC introduced trading pairs such as SOL/USDT, HYPE/USDT, and S/USDT, resulting in a 17.8% month-over-month increase in the number of traders and a remarkable 170.2% surge in trading volume. Notably, SOL/USDT saw a 185.62% increase in trading volume, with its average daily trading volume accounting for 19.0% of MEXC’s total futures trading volume – a growth rate of 189.69%—making it the standout pair of the quarter. ADA/USDT recorded the highest growth, with a 369.44% increase in trading volume and a 393.05% rise in its share of MEXC’s daily futures trading volume. Additionally, DOGE/USDT and SUI/USDT saw trading volume increases of 82.87% and 70.84%, respectively.

    0 Trading Fee strategy also significantly enhanced MEXC’s market share. Trading pairs such as AIXBT/USDT, DOGE/USDT, and SOL/USDT led market share growth with increases of 331%, 283%, and 209%, respectively. DOGE/USDT and SOL/USDT achieved market shares of 30.5% and 30.3%, respectively, ranking first among the same pairs on CoinMarketCap (CMC), while ADA/USDT secured the second spot with a 20.6% market share. These figures demonstrate that the 0 Trading Fee campaign effectively ignited user trading enthusiasm, driving substantial fund inflows to the platform.

    2. Strategic Focus on BNB Chain Ecosystem Fuels Hot Token Trading

    The BNB Chain ecosystem has emerged as a new hotspot for on-chain assets over the past month, and MEXC’s strategic focus on this ecosystem has paid off. In March, BNB Chain ecosystem tokens accounted for 50.8% of new token spot trading users, a 30.1% month-over-month increase, while their trading volume share soared to 56.6%, reflecting a 63.5% month-over-month growth. This made the BNB Chain ecosystem a core driver of March’s trading surge.

    The top five BNB Chain ecosystem tokens delivered an average return of 3,760%, creating significant profit opportunities for users while fueling a trading frenzy. Star tokens like MUBARAK, BUBB, and TUT led the charge with gains of 10,900%, 4,168%, and 2,000%, respectively, contributing 17%, 4%, and 7% to new token trading volume. MUBARAKAH and BMT also performed strongly, contributing 4% and 3% to trading volume, respectively. The robust trading activity of BNB Chain ecosystem tokens further attracted user fund inflows, injecting fresh momentum into MEXC’s growth.

    3. First-Mover Advantage in Token Launches Makes MEXC a Go-To Platform for Low-Cost Entry

    MEXC demonstrated industry-leading prowess in launching CZ-concept tokens. On March 14, 2025, at 12:35:00 (UTC+8), MEXC became the first exchange to list MUBARAK, outpacing all other platforms. Within 24 hours of its launch, MUBARAK surged by 1,377.5%, reaching a peak price of $0.22—a staggering 10,900% increase from its listing price. By the close of March 18, MUBARAK’s average daily trading volume had grown by 197% compared to March 15–16, with the number of traders rising by 76% month-over-month, reflecting sustained user enthusiasm.

    4. DEX+ Launch Enhances User Experience and Fund Attraction Through Innovation

    In March, MEXC introduced DEX+, a hybrid centralized-decentralized trading platform that allows users to engage in decentralized trading without leaving the MEXC app or website, providing access to a wide range of on-chain assets. Currently, DEX+ supports over 15,000 tokens across the Solana and BNB Chain ecosystems, covering a broad spectrum of on-chain assets. This innovative model not only enhances trading convenience but also strengthens MEXC’s appeal to on-chain trading users, further driving fund inflows.

    Conclusion

    With $1.79 billion in fund inflows over the past month and a 63.9% fund inflow efficiency, MEXC has demonstrated its competitive strength among global cryptocurrency exchanges. Whether through its 0 Trading Fee campaign to boost trading activity, its strategic focus on the BNB Chain ecosystem, its first-mover advantage in launching high-potential tokens, or the innovative launch of DEX+, MEXC has leveraged innovation to drive rapid fund inflows. Looking ahead, as the crypto market continues to evolve, MEXC is well-positioned to attract more global users and solidify its market standing by further enhancing user experience and expanding its market presence.

    About MEXC
    Founded in 2018, MEXC is committed to being “Your Easiest Way to Crypto.” Serving over 36 million users across 170+ countries, MEXC is known for its broad selection of trending tokens, everyday airdrop opportunities, and low trading fees. Our user-friendly platform is designed to support both new traders and experienced investors, offering secure and efficient access to digital assets. MEXC prioritizes simplicity and innovation, making crypto trading more accessible and rewarding.
    MEXC Official Website｜ X ｜ Telegram ｜How to Sign Up on MEXC

    Source

    Contact:
    Lucia Hu
    lucia.hu@mexc.com

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

    Legal Disclaimer: This media platform provides the content of this article on an “as-is” basis, without any warranties or representations of any kind, express or implied. We do not assume any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information presented herein. Any concerns, complaints, or copyright issues related to this article should be directed to the content provider mentioned above.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/4d12447d-9018-4bc9-93c6-970fbbc000fc

    The MIL Network –

  • MIL-OSI: Innventure Reports Fourth Quarter and Full Year 2024 Results

    Source: GlobeNewswire (MIL-OSI)

    Accelsius and AeroFlexx started generating revenue with expectations to grow in 2025

    Founded fourth company, Refinity, to commercialize cost-effective conversion of mixed plastic wastes to petrochemical feedstocks in collaboration with The Dow Chemical Company

    ORLANDO, Fla., April 11, 2025 (GLOBE NEWSWIRE) — Innventure, Inc. (NASDAQ: INV) (“Innventure”), a technology commercialization platform, today announced financial results for the quarter and year ended December 31, 2024.

    “2024 was a seminal year for Innventure, highlighted by commercial delivery of product for both Accelsius and AeroFlexx, the October close of our business combination and subsequent public listing, and the launch of our fourth operating company, Refinity, in mid-December.” said Bill Haskell, Innventure’s Chief Executive Officer. “Momentum has continued into 2025 and we expect even more exciting developments throughout the year as we continue our journey as a publicly traded technology commercialization platform.”

    Conference Call and Webcast

    A conference call to discuss these results has been scheduled for 11:00 a.m. ET on April 11, 2025. The event will be webcasted live via Innventure’s investor relations website https://ir.innventure.com/ or via this link.

    Parties interested in joining via teleconference can register using this link: https://register-conf.media-server.com/register/BIf41bc3411b8f4b8c935d6895015728c1

    After registering, you will be provided dial in details and a unique dial-in PIN. Registration is open through the live call, but to ensure you are connected for the full call, we suggest registering in advance.

    Innventure will also post a slide presentation to accompany the prepared remarks to its investor relations website https://ir.innventure.com/ shortly before the of the start of the event.

    About Innventure

    Innventure founds, funds, and operates companies with a focus on transformative, sustainable technology solutions acquired or licensed from multinational corporations. As owner-operators, Innventure takes what it believes to be breakthrough technologies from early evaluation to scaled commercialization utilizing an approach designed to help mitigate risk as it builds disruptive companies it believes have the potential to achieve a target enterprise value of at least $1 billion. Innventure defines ‘‘disruptive’’ as innovations that have the ability to significantly change the way businesses, industries, markets and/or consumers operate.

    Non-GAAP Financial Measures

    We use certain financial measures that are not calculated in accordance with generally accepted accounting principles in the U.S. (GAAP) to supplement our consolidated financial statements. These non-GAAP financial measures provide additional information to investors to facilitate comparisons of past and present operating results, identify trends in our underlying operating performance, and offer greater transparency on how we evaluate our business activities. These measures are integral to our processes for budgeting, managing operations, making strategic decisions, and evaluating our performance.

    Our primary non-GAAP financial measures are EBITDA and Adjusted EBITDA. We define EBITDA as net income before interest, income taxes, and depreciation and amortization. Adjusted EBITDA is defined as EBITDA further adjusted to exclude certain non-cash items, non-recurring expenses, and other items that are not indicative of our core operating activities. These may include stock-based compensation, acquisition costs, and other financial items. We believe Adjusted EBITDA is valuable for investors and analysts as it provides additional insight into our operational performance, excluding the impacts of certain financing, investing, and other non-operational activities. This measure helps in comparing our current operating results with prior periods and with those of other companies in our industry. It is also used internally for allocating resources efficiently, assessing the economic outcomes of acquisitions and strategic decisions, and evaluating the performance of our management team.

    There are limitations to Adjusted EBITDA, including its exclusion of cash expenditures, future requirements for capital expenditures and contractual commitments, and changes in or cash requirements for working capital needs. Adjusted EBITDA also omits significant interest expenses and related cash requirements for interest and payments. While depreciation and amortization are non-cash charges, the associated assets will often need to be replaced in the future, and Adjusted EBITDA does not reflect the cash required for such replacements. Additionally, Adjusted EBITDA does not account for income or other taxes or necessary cash tax payments.

    Investors should use caution when comparing our non-GAAP measure to similar metrics used by other companies, as definitions can vary. Adjusted EBITDA should not be considered in isolation or as a substitute for GAAP financial measures.

    In presenting Adjusted EBITDA, we aim to provide investors with an additional tool for assessing the operational performance of our business. It serves as a useful complement to our GAAP results, offering a more comprehensive understanding of our financial health and operational efficiencies.

    Cautionary Statement Regarding Forward-Looking Statements

    Certain statements in this press release are “forward-looking statements” within the meaning of the federal securities laws, including Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements generally relate to future events or Innventure’s (the “Company’s”) future financial or operating performance, expectations regarding new contractual arrangements, anticipated product line expansions and product testing and market acceptance, and these statements may refer to projections and forecasts. Forward-looking statements are often identified by future or conditional words such as “plan,” “believe,” “expect,” “anticipate,” “intend,” “outlook,” “estimate,” “forecast,” “project,” “continue,” “could,” “may,” “might,” “possible,” “will,” “potential,” “predict,” “should,” “would” and other similar words and expressions (or the negative versions of such words or expressions), but the absence of these words does not mean that a statement is not forward-looking.

    The forward-looking statements are based on the current assumptions and expectations of future events that are inherently subject to uncertainties and changes in circumstances and their potential effects and speak only as of the date of this press release. There can be no assurance that future developments will be those that have been anticipated. These forward-looking statements involve a number of risks, uncertainties (some of which are beyond the control of the parties) or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements. These risks and uncertainties include, but are not limited to, those factors described in the Company’s public filings made with the Securities and Exchange Commission and the following: (a) the Company’s and its subsidiaries’ ability to execute on strategies and achieve future financial performance, including their respective future business plans, expansion and acquisition plans or objectives, prospective performance and opportunities and competitors, revenues, products and services, pricing, operating expenses, market trends, liquidity, cash flows and uses of cash, capital expenditures, and the Company’s and its subsidiaries’ ability to invest in growth initiatives; (b) the implementation, market acceptance and success of the Company’s and its subsidiaries’ business models and growth strategies; (c) the Company’s and its subsidiaries’ future capital requirements and sources and uses of cash; (d) the Company’s access to funds under the Standby Equity Purchase Agreement with YA II PN, Ltd. (“YA”) or the Securities Purchase Agreement and related convertible debentures with YA due to certain conditions, restrictions and limitations set forth therein; (e) certain restrictions and limitations set forth in the Company’s debt instruments, which may impair the Company’s financial and operating flexibility; (f) the Company and its subsidiaries ability to generate liquidity and maintain sufficient capital to operate as anticipated; (g) the Company’s and its subsidiaries’ ability to obtain funding for their operations and future growth and to continue as going concerns; (h) the risk that the technology solutions that the Company and its subsidiaries license or acquire from third parties or develop internally may not function as anticipated or provide the benefits anticipated; (i) developments and projections relating to the Company’s and its subsidiaries’ competitors and industry; (j) the ability of the Company and its subsidiaries to scale the operations of their businesses; (k) the ability of the Company and its subsidiaries to establish substantial commercial sales of their products; (l) the ability of the Company and its subsidiaries to compete against companies with greater capital and other resources or superior technology or products; (m) the Company and its subsidiaries’ ability to meet, and to continue to meet, applicable regulatory requirements for the use of their respective products and the numerous regulatory requirements generally applicable to their businesses; (m) the outcome of any legal proceedings against the Company or its subsidiaries; (o) the Company’s ability to find future opportunities to license or acquire breakthrough technology solutions from multinational corporations or other third parties (“Technology Solutions Provider”) and to satisfy the requirements imposed by or to avoid disagreements with its current and future Technology Solutions Providers; (p) the risk that the launch of new companies distracts the Company’s management from its other subsidiaries and their operations; (q) the risk that the Company may be deemed an investment company under the Investment Company Act, which would impose burdensome compliance requirements and restrictions on its activities; (r) the ability of the Company and its subsidiaries to sufficiently protect their intellectual property rights and to avoid or resolve in a timely and cost-effective manner any disputes that may arise relating to its use of the intellectual property of third parties; (s) the risk of a cyber-attack or a failure of the Company’s or its subsidiaries’ information technology and data security infrastructure; (t) geopolitical risk and changes in applicable laws or regulations; (u) potential adverse effects of other economic, business, and/or competitive factors; (v) operational risks related to the Company and its subsidiaries that have limited or no operating history; and (w) limited liquidity and trading of the Company’s securities.

    Except to the extent required by applicable law or regulation, the Company undertakes no obligation to update statements to reflect events or circumstances after the date of this press release or to reflect the occurrence of unanticipated events.

    Media Contact: Laurie Steinberg, Solebury Strategic Communications
    press@innventure.com

    Investor Relations Contact: Sloan Bohlen, Solebury Strategic Communications
    investorrelations@innventure.com

     
    Innventure, Inc. and Subsidiaries
    Consolidated Balance Sheets
    (in thousands, except share and per share amounts)
     
      Successor     Predecessor
      December 31, 2024     December 31, 2023
    Assets        
    Cash, cash equivalents and restricted cash $ 11,119       $ 2,575  
    Accounts receivable   283         —  
    Due from related parties   4,536         2,602  
    Inventories   5,178         —  
    Prepaid expenses and other current assets   3,170         487  
    Total Current Assets   24,286         5,664  
    Investments   28,734         14,167  
    Property, plant and equipment, net   1,414         637  
    Intangible assets, net   182,153         —  
    Goodwill   667,936         —  
    Other assets   766         1,096  
    Total Assets $ 905,289       $ 21,564  
    Liabilities and Stockholders’ Deficit        
    Accounts payable $ 3,248       $ 93  
    Accrued employee benefits   9,273         3,779  
    Accrued expenses   2,477         1,009  
    Related party payables   —         347  
    Related party notes payable – current   14,000         1,000  
    Notes payable – current   625         912  
    Patent installment payable – current   1,225         775  
    Obligation to issue equity   4,158         —  
    Warrant liability   34,023         —  
    Other current liabilities   318         253  
    Total Current Liabilities   69,347         8,168  
    Notes payable, net of current portion   13,654         999  
    Convertible promissory note, net   —         1,120  
    Convertible promissory note due to related party, net   —         3,381  
    Embedded derivative liability   —         1,994  
    Earnout liability   14,752         —  
    Stock-based compensation liability   1,160         —  
    Patent installment payable, net of current   12,375         13,075  
    Deferred income taxes   27,893         —  
    Other liabilities   355         683  
    Total Liabilities   139,536         29,420  
    Commitments and Contingencies (Note 19)        
    Mezzanine Capital        
    Redeemable Class I Units, no par value, 1,000,000 units authorized, issued and outstanding as of December 31, 2023   —         2,912  
    Redeemable Class PCTA Units, no par value, 3,982,675 units authorized, issued and outstanding as of December 31, 2023   —         7,718  
    Stockholders’ Equity / Unitholders’ Deficit        
    Class B Preferred Units, no par value, 4,639,557 units authorized, and 4,109,961 units issued and outstanding as of December 31, 2023   —         38,122  
    Class B-1 Preferred Units, no par value, 2,600,000 units authorized, and 342,608 units issued and outstanding as of December 31, 2023   —         3,323  
    Class A Units, no par value, 10,975,000 units authorized, and 10,875,000 units issued and outstanding as of December 31, 2023   —         1,950  
    Class C Units, no par value, 1,585,125 units authorized, and 1,570,125 units issued and outstanding as of December 31, 2023   —         844  
    Preferred Stock, $0.0001 par value, 25,000,000 shares authorized, and 1,102,000 shares issued and outstanding as of December 31, 2024   —         —  
    Common Stock, $0.0001 par value, 250,000,000 shares authorized, and 44,597,154 shares issued and outstanding as of December 31, 2024   4         —  
    Additional paid-in capital   502,865         —  
    Accumulated other comprehensive gain (loss)   909         —  
    Accumulated deficit   (78,802 )       (64,284 )
    Total Innventure, Inc., Stockholders’ Equity/ Innventure LLC Unitholders’ Deficit   424,976         (20,045 )
    Non-controlling interest   340,777         1,559  
    Total Stockholders’ Equity/ Unitholders’ Deficit   765,753         (18,486 )
    Total Liabilities, Mezzanine Capital and Equity $ 905,289       $ 21,564  

    See accompanying notes to consolidated financial statements.

     
    Innventure, Inc. and Subsidiaries

    Consolidated Statements of Operations and Comprehensive Income (Loss)

    (in thousands, except share and per share amounts)
     
      Successor     Predecessor
      October 2, 2024
    through
    December 31, 2024    		     January 1, 2024
    through
    October 1, 2024    		   Year ended
    December 31, 2023
    Revenue $ 456       $ 764     $ 1,117  
                 
    Operating Expenses            
    Cost of sales   3,752         777       —  
    General and administrative   29,652         26,608       17,589  
    Sales and marketing   2,009         4,178       3,205  
    Research and development   5,340         5,978       4,001  
    Total Operating Expenses   40,753         37,541       24,795  
                 
    Loss from Operations   (40,297 )       (36,777 )     (23,678 )
                 
    Non-operating (Expense) and Income            
    Interest expense, net   (1,132 )       (1,300 )     (1,224 )
    Net gain (loss) from investments   —         11,547       (6,448 )
    Net (loss) gain on investments – due to related parties   —         (468 )     232  
    Change in fair value of financial liabilities   (20,946 )       (478 )     766  
    Equity method investment (loss) income   (902 )       893       (632 )
    Loss on conversion of promissory notes   —         (1,119 )     —  
    Write-off of loan commitment fee asset   (10,041 )       —       —  
    Miscellaneous other expense   (57 )       (64 )     —  
    Total Non-operating (Expense) Income   (33,078 )       9,011       (7,306 )
    Loss before Income Taxes   (73,375 )       (27,766 )     (30,984 )
    Income tax expense (benefit)   (2,742 )       432       —  
    Net Loss   (70,633 )       (28,198 )     (30,984 )
    Less: net loss attributable to            
    Non-redeemable non-controlling interest   (8,339 )       (11,762 )     (139 )
    Net Loss Attributable to Innventure, Inc. Stockholders / Innventure LLC Unitholders   (62,294 )       (16,436 )     (30,845 )
                 
    Basic and diluted loss per share $ (1.42 )          
    Basic and diluted weighted average common shares   43,951,279            
                 
    Other comprehensive income, net of taxes:            
    Unrealized gain on available-for-sale debt securities – related party   909         62       —  
    Total other comprehensive loss, net of taxes   909         62       —  
                 
    Total comprehensive loss, net of taxes   (69,724 )       (28,136 )     (30,984 )
    Less: comprehensive income attributable to            
    Non-redeemable non-controlling interest   (8,339 )       (11,762 )     (139 )
    Net Comprehensive Loss Attributable to Innventure, Inc. Stockholders / Innventure LLC Unitholders $ (61,385 )     $ (16,374 )   $ (30,845 )
                 

    See accompanying notes to consolidated financial statements.

     
    Innventure, Inc. and Subsidiaries

    Consolidated Statements of Changes in Mezzanine Capital (Predecessor)

    (in thousands, except share and per share amounts)
     
      Class I Amount   Class PCTA Amount   Total
    December 31, 2022 $ 2,984     $ 12,882     $ 15,866  
    Proceeds from capital calls to unitholders   130       —       130  
    Accretion of redeemable units to redemption value   (202 )     (5,164 )     (5,366 )
    December 31, 2023   2,912       7,718       10,630  
    Accretion of redeemable units to redemption value   1,565       10,385       11,950  
    October 1, 2024 $ 4,477     $ 18,103     $ 22,580  
     

    See accompanying notes to consolidated financial statements.

     
    Innventure, Inc. and Subsidiaries

    Consolidated Statements of Changes in Stockholders’ Equity

    (in thousands, except share and per share amounts)
     
      Class B
    Preferred    		   Class B-1
    Preferred    		   Class A   Class C   Accumulated
    Deficit    		   Accumulated
    OCI    		   Non-Controlling Interest   Total Unitholders’ Deficit
    December 31, 2022 (Predecessor) $ 20,803     $ 3,323     $ 1,950     $ 639     $ (38,564 )   $ —     $ 656     $ (11,193 )
    Net loss   —       —       —       —       (30,845 )     —       (139 )     (30,984 )
    Non-controlling interest acquired   —       —       —       —       —       —       337       337  
    Issuance of units, net of issuance costs   17,319       —       —       —       —       —       —       17,319  
    Unit-based compensation   —       —       —       205       —       —       705       910  
    Distributions to unitholders   —       —       —       —       (241 )     —       —       (241 )
    Accretion of redeemable units to redemption value   —       —       —       —       5,366       —       —       5,366  
    December 31, 2023 (Predecessor)   38,122       3,323       1,950       844       (64,284 )     —       1,559       (18,486 )
    Net loss   —       —       —       —       (16,436 )     —       (11,762 )     (28,198 )
    Other comprehensive loss, net of taxes   —       —       —       —       —       62       —       62  
    Units issued to non-controlling interest   —       —       —       —       —       —       13,921       13,921  
    Issuance of units, net of issuance costs   13,561       —       —       —       —       —       —       13,561  
    Unit-based compensation   —       —       —       137       —       —       919       1,056  
    Issuance of units to non-controlling interest in exchange of convertible promissory notes   —       —       —       —       —       —       8,443       8,443  
    Accretion of redeemable units to redemption value   —       —       —       —       (11,950 )     —       —       (11,950 )
    October 1, 2024 (Predecessor) $ 51,683     $ 3,323     $ 1,950     $ 981     $ (92,670 )   $ 62     $ 13,080     $ (21,591 )
     

    See accompanying notes to consolidated financial statements.

     
    Innventure, Inc. and Subsidiaries

    Consolidated Statements of Changes in Stockholders’ Equity

    (in thousands, except share and per share amounts)
     
      Series B Preferred Stock   Common Stock                    
      Shares    Amount    Shares   Amount   Additional Paid-In Capital   Accumulated
    Deficit    		   Accumulated
    OCI    		   Non-Controlling Interest   Total Stockholders’ Equity
    October 2, 2024 (Successor) —     $ —       —   $ —     $ 11,342     $ (15,845 )   $ —     $ —     $ (4,503 )
    Effect of acquisition of Innventure LLC —       —       43,589,850     4       461,064       —       —       343,030       804,098  
    Reclassification of warrants from liability to equity —       —       —     —       1,265       —       —       —       1,265  
    Issuance of common shares, net of issuance costs —       —       160,000     —       2,083       —       —       —       2,083  
    Issuance of preferred shares, net of issuance costs 1,102,000       —       —     —       9,965       —       —       —       9,965  
    Issuance of common shares from warrant exercises —       —       259,309     —       2,982       —       —       —       2,982  
    Net loss —       —       —     —       —       (62,294 )     —       (8,339 )     (70,633 )
    Other comprehensive gain, net of taxes —       —       —     —       —       —       909       —       909  
    Non-controlling interest acquired —       —       —     —       —       —       —       4,129       4,129  
    Distributions to Stockholders —       —       —     —       —       (663 )     —       —       (663 )
    Vesting of contingent at risk sponsor shares —       —       587,995     —       —       —       —       —       —  
    Stock-based compensation —       —       —     —       14,381       —       —       1,957       16,338  
    Accrued preferred dividends —       —       —     —       (217 )     —       —       —       (217 )
    December 31, 2024 (Successor) 1,102,000     $ —       44,597,154   $ 4     $ 502,865     $ (78,802 )   $ 909     $ 340,777     $ 765,753  
     

    See accompanying notes to consolidated financial statements.

     
    Innventure, Inc. and Subsidiaries

    Consolidated Statements of Cash Flows

    (in thousands, except share and per share amounts)
     
      Successor     Predecessor
      October 2, 2024
    through
    December 31, 2024    		     January 1, 2024
    through
    October 1, 2024    		   Year ended
    December 31, 2023
    Cash Flows Used in Operating Activities            
    Net loss $ (70,633 )     $ (28,198 )   $ (30,984 )
    Adjustments to reconcile net loss to net cash and cash equivalents used in operating activities:            
    Stock-based compensation   16,338         1,056       910  
    Interest income on debt securities – related party   (106 )       (110 )     —  
    Change in fair value of financial liabilities   20,946         478       (766 )
    Change in fair value of payables due to related parties   —         468       (232 )
    Write-off of loan commitment fee asset   10,041         —       —  
    Non-cash interest expense on notes payable   248         351       487  
    Net (gain) loss on investments   —         (11,547 )     6,448  
    Equity method investment gain (loss)   902         (893 )     632  
    Loss on conversion of promissory notes   —         1,119       —  
    Deferred income taxes   (2,760 )       432       —  
    Depreciation and amortization   5,455         146       8  
    Payment of patent installment   —         (250 )     —  
    Non-cash rent costs   63         185       192  
    Accrued unpaid interest on note payable   69         930       —  
    Changes in operating assets and liabilities:            
    Accounts receivable   (166 )       (117 )     —  
    Prepaid expenses and other current assets   (1,301 )       (1,353 )     (218 )
    Inventory   (2,354 )       (2,824 )     —  
    Accounts payable   (11,211 )       6,013       9  
    Accrued employee benefits   1,656         3,838       3,181  
    Accrued expenses   (484 )       674       1,230  
    Stock-based compensation liability   1,160         —       —  
    Other current liabilities   (77 )       (146 )     (155 )
    Obligation to issue equity   3,000         10,920       —  
    Other assets   —         (20 )     (218 )
    Net Cash Used in Operating Activities   (29,214 )       (18,848 )     (19,476 )
                 
    Cash Flows Provided by (Used in) Investing Activities            
    Purchase of shares in equity method investee   —         —       (2,000 )
    Contributions to equity method investee   —         —       (130 )
    Investment in debt securities – equity method investee   —         (7,400 )     (2,600 )
    Advances to equity method investee   (4,240 )       (135 )     —  
    Acquisition of property, plant and equipment   (266 )       (736 )     (645 )
    Acquisition of intangible assets   (30 )       —       —  
    Acquisition of net assets, net of cash acquired, through business combination   16         —       —  
    Proceeds from sale of investments   —         2,314       708  
    Cash withdrawn from trust as a result of business combination   11,342         —       —  
    Net Cash Provided by (Used in) Investing Activities   6,822         (5,957 )     (4,667 )
                 
    Cash Flows Provided by Financing Activities            
    Proceeds from issuance of equity, net of issuance costs   15,383         13,122       16,009  
    Proceeds from the issuance of equity to non-controlling interest, net of issuance costs   4,169         13,859       337  
    Proceeds from the issuance of convertible promissory note   —         —       2,000  
    Proceeds from issuance of debt securities, net of issuance costs   19,455         —       —  
    Payment of debts   (250 )       (540 )     (65 )
    Receipt of Capital from Class I Unitholder   —         —       130  
    Distributions to Stockholders   (663 )       —       (241 )
    Proceeds from the issuance of promissory notes to related parties   —         12,000       1,004  
    Repayment of promissory note   (4,628 )       —       —  
    Cash Flows Provided by Financing Activities   33,466         38,441       19,174  
                 
    Net Increase (Decrease) in Cash, Cash Equivalents and Restricted Cash   11,074         13,636       (4,969 )
    Cash, Cash Equivalents and Restricted Cash Beginning of period   45         2,575       7,544  
    Cash, Cash Equivalents and Restricted Cash End of period $ 11,119       $ 16,211     $ 2,575  
                 

    See accompanying notes to consolidated financial statements.

      Successor     Predecessor
      October 2, 2024
    through
    December 31, 2024    		     January 1, 2024
    through
    October 1, 2024    		   Year ended
    December 31, 2023
    Supplemental Cash Flow Information            
    Cash paid for interest $ 991       $ 1,070     $ 297  
    Supplemental Disclosure of Noncash Financing Information            
    Accretion of redeemable units to redemption value   —         11,950       5,366  
    Debt discount and embedded derivative upon issuance   —         —       1,119  
    Issuance of units to non-controlling interest in exchange of convertible promissory notes   —         7,324       —  
    Conversion of working capital loans to equity method investees into investments in debt securities – related party   —         2,600       —  
    Transfer of liability warrants to equity warrants in the Business Combination   1,265         —       —  
    Initial recognition of loan commitment fee   16,190         —       —  
    Transfer of loan commitment fee asset   6,694         —       —  
     

    See accompanying notes to consolidated financial statements.

     
    Innventure, Inc. and Subsidiaries

    Non-GAAP Financial Measures

    (in thousands, except share and per share amounts)
     
      Successor   Predecessor   S/P Combined (Non-GAAP)   Predecessor
      Period from October 2, 2024 through December 31, 2024   Period from January 1, 2024 through October 1, 2024   Year ended
    December 31, 2024    		   Year ended
    December 31, 2023
    Net Loss (70,633 )     (28,198 )     (98,831 )     (30,984 )
    Interest expense, net(1) 11,173       1,300       12,473       1,224  
    Depreciation and amortization expense 5,455       146       5,601       8  
    Provision for income taxes 2,742       (432 )     2,310       —  
    EBITDA (51,263 )     (27,184 )     (78,447 )     (29,752 )
    Transaction and other related costs(2) 2,309       9,414       11,723       3,452  
    Change in fair value of financial liabilities(3) 20,946       478       21,424       (766 )
    Stock based compensation(4) 16,338       1,056       17,394       910  
    Adjusted EBITDA (11,670 )     (16,236 )     (27,906 )     (26,156 )
     

    (1) Interest expense, net – For the combined twelve months ended December 31, 2024, interest expense, net includes interest incurred on our various borrowing facilities and the amortization of debt issuance costs. Additional debt issuance cost associated with a loan commitment fee asset in the amount of $10,041 was written off in combined twelve months ended December 31, 2024 and has also been included in this adjustment. This amount is representative of the asset associated with the second and third tranches of the WTI facility. When it became known that we would not be able to draw on these subsequent tranches based on certain metrics contained within the WTI Facility agreement, we immediately wrote this asset off. For the Predecessor year ended December 31, 2023, this balance is comprised entirely of interest incurred on our various borrowing facilities.
    (2) Transaction and other related costs – For the combined twelve months ended December 31, 2024 and for the Predecessor year ended December 31, 2023 this is comprised entirely of consulting, legal, and other professional fees related to the business combination with Learn CW Investment Corporation (the “Business Combination”).
    (3) Change in fair value of financial liabilities – For the combined twelve months ended December 31, 2024 the change in fair value of financial liabilities primarily consists of the change in fair value of the warrant liability, change in fair value of the earnout liability, and the change in the fair value of the embedded derivative associated with convertible notes prior to extinguishment. For the Predecessor year ended December 31, 2023, this is comprised entirely of the change in fair value of the embedded derivative associated with the convertible notes.
    (4) Stock based compensation – For the combined twelve months ended December 31, 2024 stock based compensation primarily consisted of awards in the 2024 Equity and Incentive Plan entered into on October 2, 2024 subsequent to the Business Combination. These awards consisted of Stock Options, Restricted Stock Units, and Stock Appreciation Rights. Further, a portion of this expense was related to share based payment employee incentive plans in existence at Innventure LLC and other subsidiaries. For the Predecessor year ended December 31, 2023, stock based compensation was comprised wholly of share based payment employee incentive plans in existence at Innventure LLC and other subsidiaries.

    The MIL Network –

  • MIL-OSI Australia: Call for information – Stolen motor vehicle – West Daly Region

    Source: Northern Territory Police and Fire Services

    The Northern Territory Police Force is calling for information on the whereabouts of a motor vehicle that was stolen in the West Daly Region on Friday 4 April.

    Police allege that between 9am and 3:15pm, the NSW registered vehicle and boat trailer were stolen from the Daly River boat ramp whilst the registered owner was fishing. Police have since sighted the vehicle in Palumpa and Wadeye; however, a pursuit was not initiated due to safety concerns. On one occasion the stolen vehicle bumped the rear of a police vehicle.

    Investigations remain ongoing into the whereabouts of the outstanding vehicle and offenders involved.

    Police are urging anyone with information in relation to this incident to make contact on 131 444. You can anonymously report crime via Crimestoppers on 1800 333 000.

    MIL OSI News –

  • MIL-OSI Security: Arms traffickers arrested in international operation

    Source: Eurojust

    Cooperation between authorities from France, Slovenia, Spain and Bosnia and Herzegovina, with the support from Eurojust and Europol, has resulted in the dismantling of an arms traffickers group. Actions taking place simultaneously in France, Spain and Bosnia and Herzegovina led to the arrest of seven members of the criminal group.

    Investigations into the group started when authorities found a large number of weapons, ammunition and grenades. Further investigations in the group led to suspicions that some members of the group resided in France. Authorities found out that the criminal group trafficked large numbers of weapons that they bought on illegal marketplaces in Bosnia and Herzegovina to smuggle them into France. 

    Authorities started to work together through Eurojust to stop the criminal group and arrest its members. Eurojust ensured that European Arrest Warrants and European Investigation Orders were prepared ahead of the coordinated operation. Europol supported the investigation from the outset, delivering operational analysis to the cases in the involved countries, coordinating international cooperation by organising operational meetings, and deploying officers to France and Spain for the action day.

    A coordinated operation to take down the group started on 18 March. The cooperation between authorities led to the arrest of seven members of the criminal group, four in France, one in Spain and two in Bosnia and Herzegovina. Searches were carried out in Spain and Bosnia and Herzegovina to collect information and evidence on the group’s activities. Bosnian authorities are actively searching for the main target. 

    The following authorities carried out the operations:

    • France: JIRS Paris (Interregional Specialised Jurisdiction); OCLCO (National Police Office against organised crime)
    • Slovenia: District State Prosecutor’s Office in Kranj; Police Directorate Kranj
    • Spain: PPO Audiencia Nacional; Central Investigating Court num 5 at Audiencia Nacional; Guardia Civil
    • Bosnia and Herzegovina: The Prosecutor’s Office of Bosnia and Herzegovina; Border Police of Bosnia and Herzegovina; Ministry of Interior Affaires – Republic of Srpska (part of the investigation before the operation) 

    MIL Security OSI –

  • MIL-OSI: mcl finance and Shawbrook Bank partnership renewed and increased by 50%

    Source: GlobeNewswire (MIL-OSI)

    LONDON, April 11, 2025 (GLOBE NEWSWIRE) — mcl finance has announced the renewal and expansion of its partnership with Shawbrook.

    Shawbrook Bank, a UK-based specialist lender and savings provider, has renewed its senior debt facility with mcl finance. This renewal builds on a partnership that, since December 2022, has provided access to credit for over 1,000 UK SMEs.

    mcl finance was founded by CEO Dovi David in 2019 and has successfully scaled, with the business consistently doubling in size year on year, due to its investment in proprietary tech, credit risk profiling and product development. The growth trajectory involves increased deal flow, international expansion, and continuous product innovation — all supported by the facility’s expansion.

    As a testament to the strong underlying performance of the book and the ongoing success of the relationship, the renewal sees increases in the advance rate, borrowing base and overall facility size.

    Liam McGall, Associate Director of Speciality Finance at Shawbrook, said: “mcl provide fast and flexible finance options for the underserved SME market and continue to go from strength to strength in this market. The growth demonstrated since our relationship commenced in 2022 in all aspects is a key driver for our continued support.

    “At Shawbrook, we pride ourselves on supporting existing businesses to reach their growth potential by constantly improving our funding lines, with this increase to mcl an example. We are excited to watch their continued success.”

    Joseph Tucker, CFO at mcl finance, said: “We are committed to supporting the SME sector by making access to finance faster and smoother. The expansion of the funding line with Shawbrook will allow us to do exactly that, as we continue to innovate and find smarter ways to provide working capital to businesses. We value our relationship with the Shawbrook team and appreciate their continued support and belief in our vision as we go to market with a shared growth ambition.”

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/96ef31eb-0102-4091-9af7-48ff2877fe3f

    The MIL Network –

  • MIL-OSI: Ring Energy Provides Board of Directors Update

    Source: GlobeNewswire (MIL-OSI)

    THE WOODLANDS, Texas, April 11, 2025 (GLOBE NEWSWIRE) — Ring Energy, Inc. (NYSE American: REI) (“Ring” or the “Company”) today provided an update concerning its Board of Directors (the “Board”), including the retirement of Ms. Regina Roesener effective April 14, 2025 and the appointment of Ms. Carla Tharp to the Board effective April 14, 2025 who will serve as an independent Director.

    Mr. Paul D. McKinney, Chairman of the Board and Chief Executive Officer, commented, “It has been a pleasure to work closely with Regina as a fellow Director. She joined our Board in 2019 and her financial markets and board governance experience was greatly valued. On behalf of the entire Board, I want to thank Regina for the strong strategic guidance and oversight she consistently provided in support of Ring’s stockholders, and we wish her all the best in retirement.”

    About Ms. Carla Tharp

    Ms. Tharp is the CEO of Apoyar Energy, an upstream oil and gas exploration and production company focused on international assets. She most recently served as President of C.T. Tharp & Co., an independent consulting firm concentrating on global acquisitions and divestitures. Ms. Tharp served in multiple key positions at APA Corporation (formerly Apache Corporation) from 2020 through 2023 leading multi-disciplinary teams, including as Vice President of New Business & Commercial, Vice President of Corporate Development, and Vice President of Reserves. Prior to Apache, she served as Managing Director of Energy Investment Banking at Raymond James Financial, Inc., as well as Director of Acquisitions and Divestitures at Citigroup Inc. and Lantana Energy Advisors. Ms. Tharp graduated from Texas A&M University with a Bachelor of Science in Petroleum Engineering before working as a reservoir engineer in transactions and reserves reporting, senior and mezzanine debt finance and in a private equity portfolio company. She is a licensed professional engineer in Texas and has held Series 79 and 63 FINRA licenses.

    Mr. McKinney concluded, “We look forward to Carla’s contributions to the Board as she brings an extensive and impressive technical and financial background in the upstream oil and gas business that complements the skills and expertise of our other Directors. Her proven multi-decade track record of sourcing, evaluating, and executing significant organic and external value-enhancing opportunities will prove invaluable as Ring continues to execute its proven strategy designed to further position the Company for long-term success.”

    ABOUT RING ENERGY, INC.

    Ring Energy, Inc. is an oil and gas exploration, development, and production company with current operations focused on the development of its Permian Basin assets. For additional information, please visit www.ringenergy.com.

    SAFE HARBOR STATEMENT

    This 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. Forward-looking statements involve a wide variety of risks and uncertainties, and include, without limitation, statements with respect to the Company’s strategy and prospects, regarding the composition of the Company’s board of directors, and the expectation that Ms. Tharp will help Ring execute its strategy designed to further position the Company for long-term success. The forward-looking statements include the Company’s ability execute its proven strategy designed to further position the Company for long-term success. Forward-looking statements are based on current expectations and subject to numerous assumptions and analyses made by Ring and its management considering their experience and perception of historical trends, current conditions and expected future developments, as well as other factors appropriate under the circumstances. However, whether actual results and developments will conform to expectations is subject to a number of material risks and uncertainties. Such statements are subject to certain risks and uncertainties which are disclosed in the Company’s reports filed with the Securities and Exchange Commission (“SEC”), including its Form 10-K for the fiscal year ended December 31, 2024, and its other SEC filings. Ring undertakes no obligation to revise or update publicly any forward-looking statements, except as required by law.

    CONTACT INFORMATION

    Al Petrie Advisors
    Al Petrie, Senior Partner
    Phone: 281-975-2146
    Email: apetrie@ringenergy.com

    The MIL Network –

  • MIL-OSI Africa: Afreximbank commissions first-of-its-kind African Trade Centre in Abuja, Nigeria – marking a new era for Intra-African trade

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

    ABUJA, Nigeria, April 11, 2025/APO Group/ —

    Multilateral Bank African Export-Import Bank (Afreximbank) (www.Afreximbank.com) has officially commissioned its first Afreximbank African Trade Centre (AATC) today in Abuja, Nigeria, ushering in a transformative era for trade and investment in Africa.

    During the grand commissioning ceremony, speakers, including Hon. Dr. George Akume, Secretary to the Government of Federation, Nigeria representing H. E. Bola Ahmed Tinubu GCFR, President and Commander-in-Chief of the Armed Forces, The Federal Republic of Nigeria, highlighted the AATC’s strategic importance, its pivotal role in shaping Africa’s economic future and the significant impact it is poised to make on Africa’s trade and investment landscape.

    Speaking at the Ceremony, Dr. Akume stated, “Afreximbank African Trade Centre (AATC) is a landmark project that embodies our shared commitment to advancing Intra-African Trade, fostering economic integration and unlocking a vast potential of our continent. This occasion is a realisation of a bold vision for Africa’s economic future. AATC stands as a testament to the power of collaboration, resilience and forward-thinking leadership. It is more than a physical structure; it is the beginning of innovation, a hub for entrepreneurship and a catalyst for sustainable development.

    He added, “This centre will serve as a critical platform for trade facilitation, capacity building and investment promotion – key pillars of Africa’s economic transformation. Afreximbank’s role in shaping Africa’s trade landscape cannot be overstated because the institution has consistently demonstrated its commitment to breaking down barriers, bridging financing gaps and empowering African businesses to be competitive. All these have been accomplished through flagship projects such as the AfCFTA adjustment fund that is managed by Afreximbank’s subsidiary, Fund for Export Development in Africa (FEDA), PAPSS and other Trade Finance Programmes. The AATC located in Abuja represents yet another milestone in this journey and this aligns perfectly with Nigeria’s strategic priorities under the Federal Government’s eight-point agenda, particularly in the areas of job creation, economic diversification, and regional integration. As we commission this remarkable edifice today, let us renew our resolve to be the stronger, more interconnected and prosperous Africa.”

    Prof. Benedict Oramah, President and Chairman of the Board of Directors of Afreximbank, echoed this sentiment, remarking, “The Abuja AATC is the first of several AATCs being developed across Africa and the Caribbean. Some would be Afreximbank owned while others would be supported through a franchise-scheme. With these, we expect to create a sizeable network of AATCs that will act as the lighthouses to guide the interconnections and flow of trade and investments within continental Africa and between Africa and Caribbean regions. This AATC Abuja has been a 41-month journey, one built on hope and determination. Like the other AATCs, the Abuja AATC would serve a multi-purpose goal; it will serve as a platform for fostering deeper regional and continental integration and house Afreximbank’s permanent regional office, bringing a three-decade-old aspiration to fruition. This AATC will also offer a technology incubation hub, an SME incubation facility, a Digital Africa Trade Gateway, a conference and exhibition facility and a business hotel.”

    Prof. Orama thanked the Federal Government of Nigeria for its support noting that the relationship between the Bank and Nigeria has been truly mutually beneficial and most cordial. “Over the last three decades, successive governments have accorded unflinching support to Afreximbank, responding most positively to capital calls, creating a congenial environment for its smooth operations while providing the Bank significant domestic policy support that helped to execute many of the development programmes in Nigeria.” He said.

    With the opening of the Abuja AATC, Afreximbank continues its mission to promote intra-African trade and investment opportunities, laying the groundwork for a more prosperous and integrated African economy.

    Over 500 distinguished guests attended the commissioning ceremony, notably, Hon. William F. Duguid, J.P. Senior Minister, Prime Minister’s Office, Republic of Barbados, Hon. Sylvester Grisby, Minister of State for Presidential Affairs, Liberia, Hon. Adebayo Olawale Edun, Minister of Finance and Coordinating Minister of the Economy, Nigeria and his counterpart, Hon. Dr. Jumoke Oduwole MFR, Minister of Trade and Investment, Federal Ministry of Trade and Investment, Nigeria as well as Nigeria’s former Vice President Hon. Namadi Sambo. Hon. Bockaire Kalokoh, Deputy Minister of Finance of Sierra Leone and Hon. Sheilla Chikomo, Deputy Minister Foreign Affairs and International Trade, Zimbabwe represented their respective countries. The event was also well attended by business leaders led by billionaire entrepreneur Mr. Aliko Dangote, Founder and Chief Executive of the Dangote Group, Mr Tony Elumelu, Chairman of Transcorp Group, policymakers, pan-African CEOs, and entrepreneurs.

    Their presence showcased a shared vision and determination to enhance trade across Africa, as they pledged to work together to leverage the AATC for the continent’s economic transformation.

    The Abuja AATC comprises two interconnected nine-storey towers. One tower features world-class commercial A-grade office spaces, a trade and exhibition centre, a conference centre, a technology and SME incubator, a Digital Trade Gateway and a trade information services hub. The adjoining tower boasts a 148-room business hotel, seminar and meeting rooms, a wellness centre, a restaurant and other ancillary facilities. These features are designed to provide a comprehensive ecosystem for trade and business activities, catering to the diverse needs of African businesses. It will also host office spaces for local and international financial institutions and policy organisations, ensuring a complete support system for trade and business activities.

    The AATC building is expected to achieve gold – and potentially platinum – Leadership in Energy and Environmental Design (LEED) certification by the United States Green Building Council (USGBC), a globally recognised standard for sustainable building design and construction. This certification will make the Abuja AATC one of the few certified buildings in Nigeria and West Africa, underscoring its commitment to environmental sustainability.

    The global architect Messrs SVA International developed a multifaceted global design, drawing inspiration from the concept of a bazaar, which reflects the vibrant feature of daily life in many African cities. Construction of the USD120 million project commenced in November 2021 on a prime piece of land measuring 5,856 square meters and achieved completion in 41 months.

    The Abuja Afreximbank African Trade Centre (Abuja AATC) is the first of seven planned AATCs across Africa, including Kampala, Uganda, Harare, Zimbabwe, Cairo, Egypt, Yaoundé, Cameroon, Tunis, Tunisia, and Kigali, Rwanda. In addition, Afreximbank recently broke ground in Bridgetown, Barbados, to construct the first AATC outside of Africa. Through franchising and licensing arrangements, the Bank intends to partner with relevant institutions and economic development organizations to establish non-Bank owned ATCs in the rest of Global Africa. These AATCs will serve to link buyers, sellers, suppliers, service providers, enterprises, governments, chambers of commerce, financial institutions, economic development organisations and the general African and global trade and investment community.

    MIL OSI Africa –

  • MIL-OSI Africa: Secretary-General’s video message for the Opening of the G7+ Ministerial Meeting

    Source: United Nations – English

    strong>Download the video:
    https://s3.us-east-1.amazonaws.com/downloads2.unmultimedia.org/public/video/evergreen/MSG+SG+/SG+26+Mar+25/3355319_MSG+SG+G7+MINISTERIAL+MTG+26+MAR+25.mp4

    Excellencies,

    I am pleased to convey my heartfelt greetings to the g7+ Ministerial meeting as you mark your 15th anniversary in Dili – where your inspiring journey began.

    This city, like many of your countries, symbolizes both the wounds of conflict and the strength and resolve it takes to overcome them – and I was deeply moved by your wonderful hospitality as we marked the 25th anniversary of the independence referendum last year.

    Your people understand better than most the heavy cost of fragility – and the daily work of rebuilding lives with dignity and hope.

    Your organization was born from that spirit of resilience and purpose – and the shared recognition that lasting peace is the foundation of progress. 

    Over the years, you have championed cooperation, solidarity, and country-led solutions.

    You have also made a difference at the global level – including through your leadership in helping to secure Sustainable Development Goal 16 – on peace, justice, and strong institutions.

    Yet, fragilities are deepening around the world.

    Protracted conflicts, widening inequalities, and a raging climate crisis are fueling displacement and instability – with your nations often bearing the heaviest burden, despite contributing least to these crises.

    These plights cannot be ignored.

    The world cannot let your calls go unanswered.

    We need solidarity for solutions – and that is the spirit of the Pact for the Future that you helped shape.

    The Pact charts a course to reform peace and security cooperation – prioritizing conflict prevention, mediation, and peacebuilding.

    It seeks to strengthen coordination, including South-South cooperation, to develop innovative approaches, and expand opportunities for women and young people.

    The Pact also calls for reform of the global financial architecture through:

    Bigger and bolder Multilateral Development Banks;

    Effective debt relief for fragile economies;

    An annual SDG Stimulus of $500 billion;

    And better access to concessional finance – recognizing vulnerabilities through the Multidimensional Vulnerability Index.

    We must push the world to deliver on those commitments – including at the Fourth Financing for Development Conference in June.

    And we must push for climate justice.

    Many of you are on the frontlines – watching as rising seas and extreme weather threaten lives and livelihoods.

    As we prepare for COP30, we need to see countries turn promises into action.

    Developed countries must scale-up adaptation finance. We need meaningful contributions to the Fund for loss and damage. And we need confidence the $1.3 trillion will be delivered.

    Excellencies,

    Your journey over the past fifteen years shows us that solidarity is a common responsibility.

    As we work to tackle global challenges and implement the Pact for the Future, your voices will be vital – to strengthen multilateralism, prevent conflict, and forge a future of dignity and sustainable development for all.

    Thank you.
     

    MIL OSI Africa –

  • MIL-OSI Asia-Pac: InvestHK concludes fruitful Middle East visit to deepen international exchanges and co-operation (with photo)

    Source: Hong Kong Government special administrative region

    InvestHK concludes fruitful Middle East visit to deepen international exchanges and co-operation (with photo) 
    During the visit, Mr Ng met with business leaders, family office representatives and industry stakeholders across Saudi Arabia and the United Arab Emirates, including representatives from Investopia. He also attended a series of high-level business roundtables entitled Hong Kong Growth Dialogues: Building Asia’s Future Super-Corridor, co-organised with Asia House. He also met with local media and elaborated on Hong Kong’s business advantages.
     
    Mr Ng said, “Hong Kong, as a global financial centre, an innovation and technology base, and a ‘super connector’ between Mainland China and international markets, offers abundant business opportunities from recent key developments, including the Northern Metropolis, the Airport City Skytopia and West Kowloon Cultural District, etc. We welcome businesses from the Middle East to capitalise on the opportunities our city offers.”
     
    He added, “Hong Kong’s strategic position in Asia, coupled with the Middle East’s long-term strategies, such as Saudi Vision 2030 and UAE Centennial 2071, fosters collaboration and shared economic growth. By leveraging Hong Kong’s business advantages, we can strengthen co-operation in various areas, including finance, technology, trade, sustainability and tourism amid a fast-changing global economic landscape.”
     
    Hong Kong and the Middle East are deepening financial and economic ties, creating powerful synergies for cross-border investment and shared growth. Recent developments, including cross-listed ETFs (exchange-traded funds) and the recognition of key Middle Eastern stock exchanges as Recognised Stock Exchanges, underscore the growing integration of capital markets between two regions. During the visit, Mr Ng also promoted Hong Kong’s Islamic finance capabilities, citing its successful issuance of three government sukuk and a level playing field for Shariah-compliant products through tax neutrality measures.
     
    Participants at the events expressed keen interest in Hong Kong’s business environment and connectivity. Vice President of the Logistics Division at Yusuf bin Ahmed Kanoo Group Mrs Saffia Abdulla Kanoo said, “I gained valuable insights into Hong Kong and its key sectors through the roundtable discussions. I was particularly impressed by the city’s robust financial infrastructure, strong rule of law, and its role as a hub for innovation and capital flows. The session was highly informative and engaging, inspiring me to further explore the opportunities available in Hong Kong.”
    Issued at HKT 15:35

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    MIL OSI Asia Pacific News –