Category: Finance

MIL-OSI Security: Government contractor resolves False Claims Act allegations related to the Small Business Innovation Research Program

Source: Office of United States Attorneys

ALEXANDRIA, Va. – General Dynamics Mission Systems, Inc., located in Fairfax, agreed to settle False Claims Act allegations that a company that it acquired made false statements or caused false statements to be made in proposals for Small Business Innovation Research (SBIR) contracts awarded by four federal agencies. As part of the settlement, the United States received a payment of $600,000.

SBIR contracts are awarded to small businesses to develop and commercialize new technology. SBIR contracts are reserved for businesses that have fewer than 500 employees, including employees of any affiliated companies.

In July 2022, General Dynamics Mission Systems acquired Progeny Systems, LLC (“Progeny”), a defense contractor located in Manassas. Before its acquisition by General Dynamics Mission Systems, Progeny entered into teaming agreements with Quality Support, Inc. and Minimum Entropy, LLC.

As part of its teaming agreements, Progeny directed and assisted Quality Support and Minimum Entropy with drafting and submitting proposals for SBIR contracts. Progeny also provided Quality Support with personnel, including a principal investigator who performed the research required by an SBIR contract. Similarly, a Progeny employee formed, owned, and operated Minimum Entropy. In return, Quality Support and Minimum Entropy selected Progeny as their sole subcontractor on all of their SBIR proposals, including six SBIR contracts from four federal agencies.

The settlement announced today resolves allegations arising from Progeny’s involvement in the submission of proposals for the SBIR contracts awarded to Quality Support and Minimum Entropy. The United States alleged that Progeny made, or caused to be made, false statements about Progeny’s affiliation with Quality Support and Minimum Entropy in the proposals for the SBIR contracts awarded to Quality Support and Minimum Entropy. The United States further alleged that Progeny made, or caused to be made, false statements about Quality Support’s and Minimum Entropy’s statuses as businesses eligible for SBIR awards.

The resolution obtained in this matter was the result of a coordinated effort between the U.S. Attorney’s Office for the Eastern District of Virginia, the Department of the Army Criminal Investigation Division’s Fraud Field Office, the Defense Criminal Investigative Service’s Mid-Atlantic Field Office, and the Naval Criminal Investigative Service’s Economic Crimes Field Office.

This matter was investigated by Assistant U.S. Attorney Tanya Kapoor and Forensic Auditor Peter Melaragni.

The civil claims settled by this False Claims Act agreement are allegations only; there has been no determination of civil liability.

A copy of this press release may be found on the website of the U.S. Attorney’s Office for the Eastern District of Virginia.

MIL Security OSI –

April 8, 2025
MIL-OSI: LHV Finance renewed mandate of Supervisory Board Member

Source: GlobeNewswire (MIL-OSI)

The shareholders of AS LHV Finance, belonging to the AS LHV Group consolidation group, resolved to renew the mandate of the Supervisory Board member Madis Toomsalu from the end of the current term until 26 June 2026.

When deciding the renewal, Toomsalu’s wish to leave LHV Group was taken into account – accordingly, his mandate as a member of the LHV Finance Supervisory Board will also end at the time of his resignaion. In addition to Toomsalu, the consumer credit provider AS LHV Finance’s Supervisory Board members are Kadri Kiisel, Veiko Poolgas and Jaan Koppel.

Priit Rum
LHV Communications Manager
Phone: +372 502 0786
Email: priit.rum@lhv.ee

The MIL Network –

April 8, 2025
MIL-OSI: Pax8 Names Craig Foster as Chief Financial Officer

Source: GlobeNewswire (MIL-OSI)

DENVER, April 07, 2025 (GLOBE NEWSWIRE) — Pax8, the leading cloud commerce marketplace, today announced the appointment of Craig Foster as its new Chief Financial Officer. In this role, Foster will set the financial course for Pax8 and oversee all aspects of the company’s financial strategy to ensure it continues driving sustainable growth and innovation. His leadership will be instrumental in guiding financial governance, optimizing growth opportunities and scaling the financial operations. Foster will report to Scott Chasin, Chief Executive Officer at Pax8.

“With Craig’s extensive financial leadership in the tech industry and investment banking experience, he is the perfect fit for this role,” said Chasin. “We are thrilled to have Craig join Pax8 as part of the global leadership team. As Pax8 continues our rapid growth trajectory, we expect him to make a lasting impact on our future success.”

Foster has 25 years of management experience in finance, operations and capital markets, having served as CFO of several public and private technology companies, including Ubiquiti, Bright Machines and Financial Engines. Before joining Pax8, he was the CFO of PicsArt, a consumer software company. Prior to his executive roles, Foster worked in the enterprise software investment banking groups of Credit Suisse, UBS and RBC Capital Markets. Mr. Foster holds an MBA in Finance from the Wharton School of Business and a BA in Economics from the University of California, San Diego (UCSD).

“I am thrilled to join Pax8 at such an exciting time for the company and the industry,” said Foster. “My entire career has been spent working with software technology companies, sales channels and complex marketplaces, so I feel extremely fortunate to be joining an organization that unifies all of these into a single operating model.”

To learn more about Pax8, please visit www.pax8.com.

About Pax8
Pax8 is the technology marketplace of the future, linking partners, vendors, and small to midsized businesses (SMBs) through AI-powered insights and comprehensive product support. With a global partner ecosystem of nearly 40,000 managed service providers, Pax8 empowers SMBs worldwide by providing software and services that unlock their growth potential and enhance their security. Committed to innovating cloud commerce at scale, Pax8 drives customer acquisition and solution consumption across its entire ecosystem.

Follow Pax8 on Blog, Facebook, LinkedIn, X, and YouTube

Media Contact:
Kristen Beatty
Sr. Director of Public Relations
kbeatty@pax8.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/3dadf590-328b-43d2-b800-647fef658767

The MIL Network –

April 8, 2025
MIL-OSI: BexBack Launches 100x Leverage Crypto Futures Trading with Double Deposit Bonus and $50 Welcome Bonus – No KYC Required
Source: GlobeNewswire (MIL-OSI)

SINGAPORE, April 07, 2025 (GLOBE NEWSWIRE) — In the past 24 hours, most major cryptocurrencies have plunged more than 10%, with Bitcoin briefly falling below $75,000. The sharp sell-off was triggered by President Trump’s new tariff war, sparking panic across global markets. Analysts are warning: the bear market may have officially arrived.

In a bear market, smart investors know that simply holding spot assets is not enough. 100x leverage futures trading has become the preferred strategy to profit from both market rises and falls. BexBack Exchange is leading the way, empowering traders with the tools and bonuses needed to succeed.

To help traders capture these new opportunities, BexBack is offering:
- 100x Leverage: Trade up or down with maximum flexibility.
- Double Deposit Bonus: Get 100% bonus on every deposit over 0.001 BTC or 100 USDT.
- $50 Welcome Bonus: Complete your first trade and receive a $50 USDT bonus — usable for trading and loss protection (not withdrawable).
- No KYC Required: Start trading immediately with no identity verification.
Bonus Details
- 100% Deposit Bonus:
  - The bonus itself cannot be withdrawn directly.
  - However, profits generated using the bonus can be freely withdrawn.
  - The bonus can also serve as extra margin, reducing the risk of liquidation.
- $50 Welcome Bonus:
  - Acts as loss protection for trading.
  - It is not directly withdrawable but can be fully used for trading activities.
Why Choose 100x Leverage Futures Trading Now?
- Profit From Falling Markets: Short and earn even in a bear market.
- Amplify Profits With Less Capital: Trade large positions with minimal investment.
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- Flexible Leverage Options: Choose from 25x, 50x, 75x, or 100x.
- Easy Global Access: Trade anytime via web and mobile.
About BexBack

BexBack is a premier cryptocurrency derivatives platform offering 100x leverage on BTC, ETH, XRP, ADA, SOL, and more than 50 other major cryptocurrencies. Headquartered in Singapore with offices in Hong Kong, Japan, the United States, the United Kingdom, and Argentina, BexBack holds a U.S. MSB (Money Services Business) license and has earned the trust of over 500,000 traders worldwide.
- No deposit fees
- Cold wallet fund protection
- 24/7 multilingual customer support
- Demo account with 10 BTC and 100,000 USDT for practice
Register Today — Dominate the New Crypto Cycle!

Don’t just survive the bear market — profit from it. Sign up on BexBack now, double your deposit, claim your $50 welcome bonus for trading protection, and enjoy 100x leverage with no KYC required!

Website: www.bexback.com

Contact: business@bexback.com

Contact:
Amanda
business@bexback.com

Disclaimer: This content is provided by BexBack. 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. 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. 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.Speculate only with funds that you can afford to lose.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.

Photos accompanying this announcement are available at:

https://www.globenewswire.com/NewsRoom/AttachmentNg/ee0aebfe-90c4-4cd2-a708-74385492ed4d

https://www.globenewswire.com/NewsRoom/AttachmentNg/8f9d764c-0923-4c8f-86e1-cdae727da08a

https://www.globenewswire.com/NewsRoom/AttachmentNg/d39264e2-48e9-4d9d-8d59-c689c2149150

https://www.globenewswire.com/NewsRoom/AttachmentNg/76b552a8-2e93-4fe6-915e-d416a5808878

The MIL Network –
April 8, 2025
MIL-OSI Africa: Leaders from Angola, Ethiopia, Egypt & South Africa to lead discussions at Africa Finance Corporation’s (AFC) 5th Country & Stakeholder Symposium
Source: Africa Press Organisation – English (2) – Report:

LAGOS, Nigeria, April 7, 2025/APO Group/ —

Africa Finance Corporation (AFC) (www.AfricAFC.org), the continent’s leading infrastructure solutions provider, is convening the 5th edition of its Country & Stakeholder Symposium (CSS) tomorrow, April 8, 2025, from 12:30 to 14:00 WAT.

This year’s theme, “Making Africa’s Institutional Savings Work Better for the Continent,” will spotlight the urgent need to bridge the financing gap in Africa by harnessing the power of domestic institutional capital to fund long-term development. The Symposium will serve as a vital platform to explore how Africa can better mobilize its own institutional savings and redirect them into high-impact, return-generating projects aligned with national development priorities.

The Symposium will showcase AFC’s innovative capital mobilization strategies and financial structuring expertise, with a focus on developing new financial products and asset allocation models that attract and retain institutional investors.

Discussions will also include potential regulatory enhancements needed to unlock domestic capital for productive investments, while maintaining strong protections for savers.

High-profile leaders and industry experts from the public and private sectors will be speaking at the symposium including:
- H.E. Vera Esperança dos Santos Daves De Sousa, Minister of Finance, Angola
- Dr. Brook Taye, CEO, Ethiopian Investment Holdings
- Kabelo Rikhotso, Chief Investment Officer, Public Investment Corporation (PIC), South Africa
- Armando Manuel, Chairman, Angola Sovereign Wealth Fund
- Ayaan Zeinab Adam, Senior Director and CEO, AFC Capital Partners
The event will be moderated by CNBC Africa Senior Anchor, Fifi Peters, and will convene key stakeholders from across the continent’s public and private sectors.

This is a virtual event. To register, please visit: Register here https://apo-opa.co/3EbZQTh

MIL OSI Africa –
April 8, 2025
MIL-OSI USA: Review of Proposed United States Steel Corporation Acquisition

US Senate News:

Source: The White House
Memorandum for THE SECRETARY OF THE TREASURY
THE SECRETARY OF STATE
THE ATTORNEY GENERAL
THE SECRETARY OF HOMELAND SECURITY
THE SECRETARY OF DEFENSE
THE SECRETARY OF COMMERCE
THE SECRETARY OF LABOR
THE SECRETARY OF ENERGY
THE UNITED STATES TRADE REPRESENTATIVE
THE DIRECTOR OF NATIONAL INTELLIGENCE
THE Director of the Office of Science
and Technology Policy
SUBJECT: Review of Proposed United States Steel
Corporation Acquisition
On January 3, 2025, President Biden issued an order prohibiting the acquisition of United States Steel Corporation (U.S. Steel) by Nippon Steel Corporation, Nippon Steel North America, Inc., and 2023 Merger Subsidiary, Inc. (collectively, the Purchasers, and collectively with U.S. Steel, the Parties). In that order, President Biden reserved the right of the President “to issue further orders with respect to the Purchasers or U.S. Steel as shall in my judgment be necessary to protect the national security of the United States.”
Section 1. Review. (a) Consistent with my authority under Article II of the Constitution and the laws of the United States, including section 721 of the Defense Production Act of 1950 (section 721), as amended, 50 U.S.C. 4565, I direct the Committee on Foreign Investment in the United States (CFIUS) to conduct a review of the acquisition of U.S. Steel by the Purchasers to assist me in determining whether further action in this matter may be appropriate.
(b) CFIUS’s review shall be conducted de novo, confidentially, and consistent with the procedures set forth for national security reviews under section 721, including, but not limited to, identifying potential national security risks associated with the proposed transaction and providing adequate opportunity to the parties to respond to such concerns.
Sec. 2. Recommendation. Consistent with the procedures set forth in section 721, within 45 days of the date of this memorandum, CFIUS shall submit a recommendation to me describing whether any measures proposed by the parties are sufficient to mitigate any national security risks identified by CFIUS. This recommendation shall include a statement describing each member agency’s position, including the reasons for such position.
Sec. 3. General Provisions. (a) Nothing in this memorandum shall be construed to impair or otherwise affect:
(i) the authority granted by law to an executive department, agency, or the head thereof; or
(ii) the functions of the Director of the Office of Management and Budget relating to budgetary, administrative, or legislative proposals.
(b) This memorandum shall be implemented consistent with applicable law and subject to the availability of appropriations.
(c) This memorandum is not intended to, and does not, create any right or benefit, substantive or procedural, enforceable at law or in equity by any party against the United States, its departments, agencies, or entities, its officers, employees, or agents, or any other person.

MIL OSI USA News –

April 8, 2025

MIL-OSI USA: SEC Announces Agenda, Panelists for Roundtable on Crypto Trading

Source: Securities and Exchange Commission

The Securities and Exchange Commission’s Crypto Task Force has announced the agenda and panelists for its April 11 roundtable, “Between a Block and a Hard Place: Tailoring Regulation for Crypto Trading.”

“Hearing the public’s concerns and suggestions helps the SEC create a clear, sensible, and fair path forward for the crypto industry,” said Commissioner Hester M. Peirce, leader of the Crypto Task Force. “I look forward to this roundtable and the rest of the series as we move toward crypto clarity for the benefit of the American public.”

The roundtable, announced in March as part of a series, will be held at the SEC’s headquarters at 100 F Street, N.E., Washington, D.C. from 1 p.m. – 5 p.m. The event will be open to the public and webcast live on the SEC’s website. Doors will open at 12 p.m.

For online attendance, registration is not necessary; a link to watch the event will be available on April 11 on www.sec.gov. For in-person attendance, please register here.

Attendees will be able to submit suggestions and questions on note cards available in the lobby on the day of the event, or by emailing crypto@sec.gov during the event.

To learn more about the Crypto Task Force and the roundtable topics, please visit the Crypto Task Force webpage.

Agenda

1 p.m. –

1:20 p.m.

Opening Remarks from the U.S. Securities and Exchange Commission:

Richard Gabbert, Chief of Staff, Crypto Task Force; Senior Advisor to the Acting Chairman
Acting Chairman Mark Uyeda
Commissioner Caroline Crenshaw
Commissioner Hester Peirce

1:20 p.m. –

3 p.m.

Roundtable: Between a Block and a Hard Place: Tailoring Regulation for Crypto Trading

Moderator:

Nicholas Losurdo, Partner, Goodwin Procter LLP

Panelists:

Tyler Gellasch, President and CEO, Healthy Markets Association
Jon Herrick, Chief Product Officer, New York Stock Exchange
Richard Johnson, CEO & Founder, Texture Capital
Dave Lauer, Co-Founder, Urvin Finance and We the Investors
Katherine Minarik, Chief Legal Officer, Uniswap Labs
Christine Parlour, Chair of Finance and Accounting, UC Berkeley
Chelsea Pizzola, Associate General Counsel, Cumberland DRW
Austin Reid, Global Head of Revenue and Business, FalconX
Gregory Tusar, VP, Institutional Product, Coinbase

3 p.m. –

3:30 p.m.

Break

3:30 –

5 p.m.

Regulatory Direction Discussion

MIL OSI USA News –

April 8, 2025

MIL-OSI: Varonis Appoints New Country Manager in Japan

Source: GlobeNewswire (MIL-OSI)

MIAMI and TOKYO, April 07, 2025 (GLOBE NEWSWIRE) — Varonis Systems, Inc. (Nasdaq: VRNS), the leader in data security, today announced Toshi Namiki’s appointment as Country Manager for Japan.

With more than 25 years of experience in software and cybersecurity, Toshi has led international high-value sales for Deep Instinct, Forescout Technologies, and global leaders Palo Alto Networks and VeriSign. He brought cutting-edge technology to Japan by working with regional partners, helping companies adopt state-of-the-art solutions, and driving innovation throughout the Japanese tech landscape.

“I’m thrilled to join Varonis to help our customers stop breaches and protect what matters most — their data,” Toshi said. “Japan’s top industries, including manufacturing, technology, and automotive, possess vast amounts of data and must secure this information in the AI era. Varonis helps organizations ensure security before, during, and after AI deployment.”

“With data generated at an unprecedented scale across many environments, complying with governance standards and protecting data is crucial,” said Scott Leach, Varonis Vice President of APAC. “Toshi’s proven ability to implement advanced solutions will be instrumental as we increase our local presence.”

Varonis continues to expand its operations in the APAC region to help customers comply with local regulatory frameworks, including the Act on the Protection of Personal Information. This law requires companies to take security steps to protect personal data from unauthorized access, loss, or damage.

Additional Resources

About Varonis
Varonis (Nasdaq: VRNS) is the leader in data security, fighting a different battle than conventional cybersecurity companies. Our cloud-native Data Security Platform continuously discovers and classifies critical data, removes exposures, and detects advanced threats with AI-powered automation.

Thousands of organizations worldwide trust Varonis to defend their data wherever it lives — across SaaS, IaaS, and hybrid cloud environments. Customers use Varonis to automate a wide range of security outcomes, including data security posture management (DSPM), data classification, data access governance (DAG), data detection and response (DDR), data loss prevention (DLP), AI security, and insider risk management.

Varonis protects data first, not last. Learn more at www.varonis.com.

Investor Relations Contact:
Tim Perz
Varonis Systems, Inc.
646-640-2112
investors@varonis.com

News Media Contact:
Rachel Hunt
Varonis Systems, Inc.
877-292-8767 (ext. 1598)
pr@varonis.com

The MIL Network –

April 8, 2025

MIL-OSI: SuRo Capital Corp. First Quarter 2025 Preliminary Investment Portfolio Update

Source: GlobeNewswire (MIL-OSI)

SuRo Capital Portfolio Investment CoreWeave Completes Largest Tech IPO Since 2021

SuRo Capital Portfolio Investment OpenAI Closes Largest Venture Raise with $300 Billion Valuation

Net Asset Value Anticipated to be $6.50 to $7.00 Per Share

NEW YORK, April 07, 2025 (GLOBE NEWSWIRE) — SuRo Capital Corp. (“SuRo Capital”, the “Company”, “we”, “us”, and “our”) (Nasdaq: SSSS) today provided the following preliminary update on its investment portfolio for the first quarter ended March 31, 2025.

“The past few months have been marked by some of the most volatile market conditions since the onset of COVID-19, culminating in the Nasdaq’s worst quarter since 2022, and its worst week since 2020. This turbulence has persisted and intensified into the second quarter. Despite these headwinds, we saw significant positive momentum across our portfolio: CoreWeave’s IPO was the largest technology IPO since 2021 and OpenAI closed a $40.0 billion financing at a $300.0 billion post-money valuation, establishing a new record for the largest private capital raise by a technology company,” said Mark Klein, Chairman and Chief Executive Officer of SuRo Capital.

“Beyond these high-profile capital raises, we remain committed to backing some of the world’s most innovative and sought-after private companies before they become publicly traded. We completed a new $5.0 million investment in Plaid (through a wholly owned SPV), a market-leading fintech platform that enables secure, seamless connectivity between financial applications and consumers—estimated to reach 1 in every 2 adults in the U.S. We also made a $1.0 million follow-on investment in WHOOP, a wearables technology company that tracks sleep, strain, recovery, stress, and health biometrics. Finally, Colombier Acquisition Corp. II announced a proposed merger with GrabAGun, further building on SuRo Capital’s SPAC sponsor strategy successes. While market conditions remain challenging, we are encouraged by the strong progress across our portfolio,” Mr. Klein concluded.

As previously reported, SuRo Capital’s net assets totaled approximately $157.6 million, or $6.68 per share, at December 31, 2024, and approximately $181.7 million, or $7.17 per share at March 31, 2024. As of March 31, 2025, SuRo Capital’s net asset value is estimated to be between $6.50 to $7.00 per share.

Investment Portfolio Update

As of March 31, 2025, SuRo Capital held positions in 37 portfolio companies – 32 privately held and 5 publicly held, some of which may be subject to certain restrictions and/or lock-up provisions.

During the three months ended March 31, 2025, SuRo Capital made the following follow-on investments:

Portfolio Company	Investment	Transaction Date	Amount⁽¹⁾
Orchard Technologies, Inc.	Series 1 Senior Preferred	1/31/2025	$0.2 million
Orchard Technologies, Inc.	Simple Agreement for Future Equity	1/31/2025	$0.1 million
Whoop, Inc.	Simple Agreement for Future Equity	2/6/2025	$1.0 million

___________________
^{(1) Amount invested does not include any capitalized costs, if applicable.}

Subsequent to quarter-end through April 7, 2025, SuRo Capital made the following investments:

Portfolio Company	Investment	Transaction Date	Amount⁽¹⁾
Plaid Inc.⁽²⁾	Class A Common Shares	4/4/2025	$5.0 million

___________________
^{(1) Amount invested does not include any capitalized costs, origination fees, or prepaid expenses, if applicable.}
^{(2) SuRo Capital’s investment in the common shares of Plaid Inc. was made through 1789 Capital Nirvana II LP, an SPV in which SuRo Capital Corp. is the Sole Limited Partner. SuRo Capital paid a 7% origination fee at the time of investment.}

SuRo Capital’s liquid assets were approximately $18.1 million as of March 31, 2025, consisting of cash and securities of publicly traded portfolio companies not subject to certain restrictions at quarter-end.

As of March 31, 2025, there were 23,551,859 shares of the Company’s common stock outstanding.

Convertible Note Purchase Agreement

On August 6, 2024, SuRo Capital entered into a Note Purchase Agreement (the “Note Purchase Agreement”), by and between the Company and the purchaser identified therein (the “Purchaser”), pursuant to which we may issue up to a maximum of $75.0 million in aggregate principal amount of 6.50% Convertible Notes due 2029 (the “Convertible Notes”). Pursuant to the Note Purchase Agreement, on August 14, 2024 we issued and sold, and the Purchaser purchased, $25.0 million in aggregate principal amount of the Convertible Notes (the “Initial Notes”). Under the Note Purchase Agreement, upon mutual agreement between the Company and the Purchaser, we may issue additional Convertible Notes for sale in subsequent offerings to the Purchaser (the “Additional Notes”), or issue additional notes with modified pricing terms (the “New Notes”), in the aggregate for both the Additional Notes and the New Notes, up to a maximum of $50.0 million in one or more private offerings.

Interest on the Convertible Notes will be paid quarterly in arrears on March 30, June 30, September 30, and December 30, at a rate of 6.50% per year. The Convertible Notes will mature on August 14, 2029, and may be redeemed in whole or in part at any time or from time to time at our option on or after August 6, 2027 upon the fulfillment of certain conditions. The Convertible Notes will be convertible into shares of our common stock at the Purchaser’s sole discretion at an initial conversion rate of 129.0323 shares of our common stock per $1,000 principal amount of the Convertible Notes, subject to adjustments and limitations as provided in the Note Purchase Agreement. The net proceeds from the offering of the Convertible Notes will be used to repay outstanding indebtedness, make investments in accordance with our investment objective and investment strategy, and for other general corporate purposes. The Note Purchase Agreement includes customary representations, warranties, and covenants by the Company.

On October 9, 2024, pursuant to the Note Purchase Agreement, we issued and sold, and the Purchaser purchased, $5.0 million in aggregate principal amount of the Additional Notes. Additionally, pursuant to the Note Purchase Agreement, on January 16, 2025 we issued and sold, and the Purchaser purchased, $5.0 million in aggregate principal amount of the Additional Notes. The Additional Notes are treated as a single series with the Initial Notes and have the same terms as the Initial Notes. The Additional Notes are fungible and rank equally with the Initial Notes. Upon issuance of the Additional Notes on January 16, 2025 and as of March 31, 2025, the outstanding aggregate principal amount of our Convertible Notes became $35.0 million.

Note Repurchase Program

On August 6, 2024, SuRo Capital’s Board of Directors approved a discretionary note repurchase program (the “Note Repurchase Program”) which allows the Company to repurchase up to $35.0 million of our 6.00% Notes due 2026, exclusive of any applicable fees, through open market purchases, including block purchases, in such manner as will comply with the provisions of the Investment Company Act of 1940, as amended (the “1940 Act”) and the Securities Exchange Act of 1934, as amended (the “Exchange Act”).

During the quarter ended March 31, 2025, we repurchased an additional 199,990 of the 6.00% Notes due 2026 under the Note Repurchase Program. As of March 31, 2025, we had repurchased 1,413,294 of the 6.00% Notes due 2026 under the Note Repurchase Program. As of March 31, 2025, $35.3 million in aggregate principal dollar amount of the 6.00% Notes due 2026 have been repurchased, resulting in the total use of the authorized available funds.

Share Repurchase Program

Under the Share Repurchase Program, the Company may repurchase its outstanding common stock in the open market, provided it complies with the prohibitions under its insider trading policies and procedures and the applicable provisions of the 1940 Act and the Exchange Act.

Since inception of the Share Repurchase Program in August 2017, SuRo Capital has repurchased over 6.0 million shares of its common stock for an aggregate purchase price of approximately $39.3 million. This does not include repurchases under various tender offers during this time period. As of March 31, 2025, the dollar value of shares that may yet be purchased by the Company under the Share Repurchase Program is approximately $25.0 million. The Share Repurchase Program is authorized through October 31, 2025.

Preliminary Estimates and Guidance

The preliminary financial estimates provided herein are unaudited and have been prepared by, and are the responsibility of, the management of SuRo Capital. Neither our independent registered public accounting firm, nor any other independent accountants, have audited, reviewed, compiled, or performed any procedures with respect to the preliminary financial data included herein. Actual results may differ materially.

The Company expects to announce its first quarter ended March 31, 2025 results in May 2025.

Forward-Looking Statements

Statements included herein, including statements regarding SuRo Capital’s beliefs, expectations, intentions, or strategies for the future, may constitute “forward-looking statements”. SuRo Capital cautions you that forward-looking statements are not guarantees of future performance and that actual results or developments may differ materially from those projected or implied in these statements. All forward-looking statements involve a number of risks and uncertainties, including the impact of any market volatility that may be detrimental to our business, our portfolio companies, our industry, and the global economy, that could cause actual results to differ materially from the plans, intentions, and expectations reflected in or suggested by the forward-looking statements. Risk factors, cautionary statements, and other conditions which could cause SuRo Capital’s actual results to differ from management’s current expectations are contained in SuRo Capital’s filings with the Securities and Exchange Commission. SuRo Capital undertakes no obligation to update any forward-looking statement to reflect events or circumstances that may arise after the date of this press release.

About SuRo Capital Corp.

SuRo Capital Corp. (Nasdaq: SSSS) is a publicly traded investment fund that seeks to invest in high-growth, venture-backed private companies. The fund seeks to create a portfolio of high-growth emerging private companies via a repeatable and disciplined investment approach, as well as to provide investors with access to such companies through its publicly traded common stock. Since inception, SuRo Capital has served as the public’s gateway to venture capital, offering unique access to some of the world’s most innovative and sought-after private companies before they become publicly traded. SuRo Capital’s diverse portfolio encompasses high-growth sectors including AI infrastructure, emerging consumer brands, and cutting-edge software solutions for both consumer and enterprise markets, among others. SuRo Capital is headquartered in New York, NY and has offices in San Francisco, CA. Connect with the company on X, LinkedIn, and at www.surocap.com.

Contact
SuRo Capital Corp.
(212) 931-6331
IR@surocap.com

Media Contact
Deborah Kostroun
Zito Partners
SuRoCapitalPR@zitopartners.com

The MIL Network –

April 8, 2025

MIL-OSI: Altus Group Releases its 2024 Sustainability Report
Source: GlobeNewswire (MIL-OSI)

TORONTO, April 07, 2025 (GLOBE NEWSWIRE) — Altus Group Limited (“Altus” or “the Company”) (TSX: AIF), a leading provider of asset and fund intelligence for commercial real estate (“CRE”), today released its annual Sustainability Report, which highlights the Company’s sustainability initiatives and progress in 2024.

“As we celebrate our 20^th anniversary this year, sustainability continues to guide who we are and how we operate,” said Camilla Bartosiewicz, Chief Communications Officer at Altus Group. “This report brings our values to life – highlighting the tangible progress we made in 2024 in reducing emissions, investing in our people, and upholding strong corporate governance. These efforts are not only core to our identity as a responsible corporate citizen and employer of choice, but are critical to managing enterprise risk and creating long-term value for all stakeholders.”

Key 2024 highlights:
- Climate action: reduced Scope 1 and 2 greenhouse gas emissions by approximately 5% in 2024, benefitting from strategic right-sizing of office space, which resulted in a 12% reduction in office footprint.
- Talent management: expanded people programs to foster career advancement and employee success, earning external recognition for an inclusive, high-trust and high-performance culture.
- Cybersecurity and data responsibility: continued enhancement of cybersecurity and data standards to uphold data responsibility and maintain stakeholder trust.
- Governance: welcomed new board members, adding diverse perspectives and skills that enhance board effectiveness.
To download Altus Group’s 2024 Sustainability Report please visit https://www.altusgroup.com/about-us/sustainability/. More information on Altus Group’s corporate governance program is also detailed in the Company’s 2024 Management Information Circular dated March 26, 2025 which has been filed to SEDAR+ and is posted on Altus Group’s website under the Investors section.

About Altus Group

Altus Group is a leading provider of asset and fund intelligence for commercial real estate. We deliver intelligence as a service to our global client base through a connected platform of industry-leading technology, advanced analytics, and advisory services. Trusted by the largest CRE leaders, our capabilities help commercial real estate investors, developers, lenders, and advisors manage risks and improve performance returns throughout the asset and fund lifecycle. Altus Group is a global company headquartered in Toronto with approximately 1,900 employees across North America, EMEA and Asia Pacific. For more information about Altus (TSX: AIF) please visit altusgroup.com.

FOR FURTHER INFORMATION PLEASE CONTACT:

Elizabeth Lambe
Director, Global Communications, Altus Group
1 (416) 641-9787
elizabeth.lambe@altusgroup.com

The MIL Network –
April 8, 2025
MIL-OSI: XRP News: XploraDEX $XPL Presale Selling Fast as XRP’s First AI-Powered DEX Fuels Investor Interest – Join $XPL Presale

Source: GlobeNewswire (MIL-OSI)

ZURICH, April 07, 2025 (GLOBE NEWSWIRE) — XRP Ledger, A seismic shift is underway on the XRP Ledger as XploraDEX, the first AI-powered decentralized exchange (DEX) built natively on XRPL, ignites a wave of investor enthusiasm. In what’s being described as one of the most anticipated presales of 2025, the platform’s native token $XPL Presale is selling out rapidly, capturing the attention of retail investors and whales alike.

XploraDEX is not just another decentralized exchange, it represents a complete evolution in how trading can function on-chain. By merging advanced artificial intelligence with XRPL’s lightning-fast and cost-effective infrastructure, XploraDEXolatform is introducing a smarter, more predictive trading experience to the DeFi space. And now, with the $XPL token presale in full swing, early backers are racing to claim their allocation before the next price tier is activated.

PARTICIPATE IN $XPL PRESALE

The appeal of XploraDEX lies in its cutting-edge AI engine that allows users to automate trading strategies, receive real-time market predictions, and manage risk dynamically based on live market conditions. From intelligent portfolio rebalancing to smart liquidity routing, XploraDEX gives users the ability to operate with a level of precision previously only accessible to hedge funds.

As the XRP ecosystem evolves, it has long needed a DEX that delivers more than just basic token swaps. XploraDEX answers that call with AI-native features and a roadmap that includes auto-trade execution, sentiment-based signal alerts, and personalized strategy modeling—all powered by $XPL.

The utility of $XPL goes far beyond standard DeFi tokens. It provides access to AI trading tools, unlocks staking and yield farming modules, grants platform-wide fee discounts, and confers voting rights within the platform’s decentralized governance model. This positions $XPL not just as a transactional token, but as the lifeblood of an intelligent financial ecosystem.

JOIN $XPL PRESALE

The $XPL Presale has already crossed major allocation milestones, with over half of the soft cap sold in record time. The XploraDEX community is growing rapidly, with Telegram and Twitter buzzing with activity. Whale wallets are also joining in, with several high-value purchases confirming that sophisticated investors are backing the platform early.

$XPL PreSale Information

Token Name: XploraDEX

Total Supply: 500,000,000

Presale Allocation: First Come, First Serve!

DEX Listing: 25% Higher

Liquidity Pools: Launching immediately after TGE!

The XPL Token Presale is already attracting major interest, early investors will gain first-mover advantages!

Buy $XPL Tokens Now: https://sale.xploradex.io

The $XPL presale is more than a presale—it’s the beginning of a smarter trading era on XRPL. With institutional-level technology now available to individual traders, XploraDEX is poised to become one of the most important DeFi pillars in the XRP ecosystem.

Investors looking to front-run the future of AI-integrated DeFi on XRPL should act now. The $XPL presale is open—but not for long.

Join the $XPL Presale Today: https://xploradex.io

Stay connected and Join the XploraDEX AI Revolution

Website | $XPL Token Presale | X | Telegram

Contact:
Oliver Muller
oliver@xploradex.io
contact@xploradex.io

Disclaimer: This press release is provided by the XploraDEX. 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 assume no responsibility for any inaccuracies, errors, or omissions. We do not assume any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information presented herein. Any concerns, complaints, or copyright issues related to this article should be directed to the content provider mentioned above.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/9d5ad8c5-dd3b-47ff-a87e-bb5feb5a95a0

The MIL Network –

April 8, 2025
MIL-OSI: Old National Renames Wealth Advisory Division
Source: GlobeNewswire (MIL-OSI)

EVANSVILLE, Ind., April 07, 2025 (GLOBE NEWSWIRE) — Old National Bancorp (“Old National”) has announced its wealth advisory division, Old National Investments, will now be known as Old National Wealth Advisors (“ONWA”) to better reflect the breadth of services its financial professionals provide.

ONWA boasts around 125 team members, including more than 70 wealth advisors that are primarily located in Old National’s banking center footprint throughout the Midwest and Southeast. The professionals at Old National Wealth Advisors are backed by LPL Financial, a leading independent broker/dealer and registered investment advisor.

ONWA’s slate of services includes:
- Investment strategies and management
- Estate planning and advice
- Financial and retirement planning
- College saving options and advice
- Insurance options and guidance
- Tax planning and strategies
“When Old National Investments first debuted in the early 1990s, the intent was to complement our traditional banking services with a resource that provides investment advice and strategies,” said Chady AlAhmar¹, CEO, Old National Wealth Management. “However, they have outgrown the Investments name as these advisors provide robust financial services that stretch far beyond stocks and bonds. This name change is simple but effective in illustrating that the professionals at Old National Wealth Advisors provide integrated services and holistic advice that help clients manage their wealth at each stage of life.”

Old National delivers its wealth management services and advice through one of three service models based on the client’s needs. Two of those service models are backed by ONWA.
1. The Investment Strategies Team of ONWA: Designed for clients focused on short- and/or long-term investing, saving, and planning for their financial future; or for clients who desire a self-service approach to online investing.
2. Private Wealth Management through ONWA: Designed for clients who are planning for retirement, growing assets and/or planning for other major life events. Within Private Wealth Management, the client has two dedicated resources: a Wealth Advisor from Old National Wealth Advisors,² and a Private Banker from Old National Private Banking.³
3. 1834, a division of Old National Bank: Designed for higher-net-worth clients with diverse and complex financial priorities; those with a need for robust asset management who are focused on preserving and building wealth. 1834 also provides institutional services for businesses and nonprofit organizations, including investment management, philanthropy and endowment services, corporate trust services and retirement plan services.
For additional information on Old National’s wealth management service models, visit oldnational.com/wealth.

ABOUT OLD NATIONAL
Old National Bancorp (NASDAQ: ONB) is the holding company of Old National Bank. As the sixth largest commercial bank headquartered in the Midwest, Old National proudly serves clients primarily in the Midwest and Southeast. With approximately $54 billion of assets and $30 billion of assets under management, Old National ranks among the top 30 banking companies headquartered in the United States. Tracing our roots to 1834, Old National focuses on building long-term, highly valued partnerships with clients while also strengthening and supporting the communities we serve. In addition to providing extensive services in consumer and commercial banking, Old National offers comprehensive wealth management and capital markets services. For more information and financial data, please visit Investor Relations at oldnational.com. In 2024, Points of Light named Old National one of “The Civic 50” — an honor reserved for the 50 most community-minded companies in the United States.

¹Old National Wealth Management and Chady AlAhmar are not affiliated with LPL Financial.

²Old National Wealth Advisors: Securities and advisory services are offered through LPL Financial (LPL), a registered investment advisor and broker-dealer (member FINRA/SIPC.). Insurance products are offered through LPL or its licensed affiliates. Old National Bank and Old National Wealth Advisors are not registered as a broker-dealer or investment advisor. Registered representatives of LPL offer products and services using Old National Wealth Advisors, and may also be employees of Old National Bank. These products and services are being offered through LPL or its affiliates, which are separate entities from, and not affiliates of, Old National Bank, Old National Private Banking or Old National Wealth Advisors. Securities and insurance offered through LPL or its affiliates are:

Not Insured by FDIC or Any Other Government Agency Not Bank Guaranteed Not Bank Deposits or Obligations May Lose Value

Old National Bank provides referrals to financial professionals of LPL Financial LLC pursuant to an agreement that allows LPL to pay the Financial Institution for these referrals. This creates an incentive for the Financial Institution to make these referrals, resulting in a conflict of interest. Old National Bank is not a current client of LPL for advisory services. Please visit https://www.lpl.com/disclosures/is-lpl-relationship-disclosure.html for more detailed information.

³Old National Private Banking: Credit products offered by Old National Bank and subject to normal credit approval. Deposit products are offered by Old National Bank. Equal Housing Lender. Member FDIC. Old National Bank is not responsible for and does not guarantee the products, services, or performance of Old National Wealth Advisors nor 1834.

Investor Relations:
Lynell Durchholz
(812) 464-1366
lynell.durchholz@oldnational.com

Media Relations:
Rick Vach
(904) 535-9489
rick.vach@oldnational.com

The MIL Network –
April 8, 2025
MIL-OSI Security: Former First Judicial District Employee Sentenced to Federal Prison for Defrauding the District

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

A former employee of the First Judicial District of the State of Iowa who misused credit cards to steal money intended to be used for children in the Juvenile Court System was sentenced today to two months in federal prison.

Nicole Foelske, age 41, from Jesup, Iowa, received the prison term after a November 14, 2024, guilty plea to one count of wire fraud.

In information contained in a plea agreement and disclosed at the sentencing hearing, Foelske admitted she worked in the Juvenile Court Services section of the First Judicial District of the State of Iowa located in Waterloo. In that position, she was provided with a credit card to purchase items and gift cards for juveniles in the Court system, including juveniles in Child in Need of Assistance cases. Foelske, however, used the credit card to purchase household items for herself and gift cards from stores and then used the gift cards to either purchase items for herself or to transfer the value of the cards to her bank account. All told, Foelske made over 200 improper purchases on the credit card totaling more than $100,000.

Foelske was sentenced in Cedar Rapids by United States District Court Chief Judge C.J. Williams. Foelske was sentenced to two months’ imprisonment and fined $2,000. Foelske was also sentenced to serve six months of home confinement following her imprisonment. She was ordered to make $107,745.46 in restitution to the Iowa Judicial Branch, which Foelske has already paid. She must also serve a three-year term of supervised release after the prison term. There is no parole in the federal system.

Foelske was released on the bond previously set and is to surrender to the Bureau of Prisons on a date yet to be set.

The case was prosecuted by Assistant United States Attorney Anthony Morfitt and investigated by the Federal Bureau of Investigation and the Black Hawk County Sheriff’s Office.

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

The case file number is 24-CR-2026.

Follow us on X @USAO_NDIA.

MIL Security OSI –

April 8, 2025
MIL-OSI Security: FBI New York Offering Reward in Racketeering Case

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

NEW YORK, NY—The FBI is offering a reward of up to $10,000 for information leading to the arrest of Carlos Martinez. Martinez, who is also known as “B-Way”, is wanted for his alleged connection with a racketeering investigation in New York. On March 18, 2025, a federal arrest warrant was issued for Martinez in the United States District Court, Southern District of New York, White Plains, New York, after he was charged with Racketeering Conspiracy; Continuing Criminal Enterprise; Possession of Ammunition After a Felony Conviction; and Conspiracy to Distribute Controlled Substances. The public should consider Martinez to be armed and dangerous. Martinez is known to have connections to both New York and Pennsylvania. If you have any information concerning this person, please contact your local FBI office, submit a tip online at tips.fbi.gov, or contact the nearest American Embassy or Consulate.

MIL Security OSI –

April 8, 2025
MIL-OSI USA: Chairman Crapo Statement on Senate Passage of FY 2025 Budget Resolution

US Senate News:

Source: United States Senator for Idaho Mike Crapo
Published: April 05, 2025

Washington, D.C.–U.S. Senate Finance Committee Chairman Mike Crapo (R-Idaho) issued the following statement after the Senate agreed to the Fiscal Year (FY) 2025 Budget Resolution by a vote of 51–48.
“Republicans are committed to restoring the economic prosperity experienced under President Trump’s first term. This budget resolution lays the groundwork to prevent an over-$4 trillion tax hike on American families and businesses; to make those tax cuts permanent, providing the certainty businesses need to make long-term investments and the stability families need as they save for the future; and to provide additional middle-class tax relief. It unlocks the process to implement serious spending reforms, acknowledging that the best way to address our deficit is not to tax hardworking Americans more—it is to spend less. I look forward to continuing our work in the coming weeks to quickly deliver on President Trump’s pro-growth economic agenda.”
READ: Crapo: Republicans are United in Delivering Trump’s Pro-Growth Agenda
READ: FY 2025 Budget Resolution will Deliver Permanent Tax Relief, Spur Economic Growth and Restore Fiscal Order

MIL OSI USA News –

April 8, 2025
MIL-OSI USA: Crapo: Republicans are United in Delivering Trump’s Pro-Growth Agenda

US Senate News:

Source: United States Senator for Idaho Mike Crapo
Washington, D.C.–Today on the Senate floor, U.S. Senate Finance Committee Chairman Mike Crapo (R-Idaho) discussed the Senate’s Fiscal Year (FY) 2025 Budget Resolution that lays the groundwork to make permanent and build on the 2017 Trump Tax Cuts, ensuring American families can keep more of their hard-earned money and stop financing Washington’s spending problem.
As Chairman of the Finance Committee, Crapo explained that the resolution’s instructions would unlock the ability for Congress to prevent a more-than $4 trillion tax hike on American families and businesses, provide certainty and predictability by making the Trump Tax Cuts permanent, and deliver additional middle-class tax relief.
Crapo also emphasized Republicans’ commitment to restoring fiscal sanity by achieving deficit reduction, noting that spending reforms are the best way to achieve that goal, not imposing the largest tax hike in our country’s history.

Full remarks as delivered:
“The problem that we have in America is not that our taxes are too low, but that our spending is too high.
“Republicans are unified in delivering—as President Trump calls it—one big, beautiful bill for the American people.
“But what does this bill include?
“The FY 2025 Budget Resolution fulfills promises to secure America’s borders, increase our national defense, unleash our energy potential and finally start to get our fiscal house in order.
“I agree completely with my colleague – we have got to reduce our spending and this bill contains a target with a minimum floor of $2 trillion in spending reduction in our federal budget.
“Importantly, it also lays the groundwork to make permanent and build on the 2017 Trump Tax Cuts so that American families can keep more of their hard-earned money and stop financing Washington’s spending problem.
“Our conference is united in preventing an over-$4 trillion tax hike on American families and businesses and delivering additional tax relief to those who have suffered under four years of inflation.
“We are united in making this proven tax policy permanent to provide the certainty that businesses need to make the long-term investments that drive growth, and the stability that families need as they save and plan for the future.
“We are also unified in our resolve to restore fiscal sanity and know that the best way to do so isn’t to tax hardworking Americans more—it’s to spend less.
“While many tend to focus on the policy disagreements that occur—as they should—in these halls, the reality is Republicans are completely unified in delivering on President Trump’s agenda, a major portion of which is to restore the economic prosperity experienced under his previous presidency.
“Let’s just look back for a minute at the bill we’re trying to extend and make permanent now.
“Most Americans don’t pay attention to the minutia of tax policy. But if you ask them, the majority will tell you they’d rather keep more of their money than let the government spend it, and that’s exactly what the 2017 tax cuts did.
“Those Trump Tax Cuts lowered tax rates for the overwhelming majority of Americans, simplified the tax code, and encouraged companies to do business in the United States instead of abroad.
“In addition to lowering rates across the board, it provided targeted tax relief to middle-class working families by doubling the standard deduction and the child tax credit, and to small businesses by providing a new 20 percent deduction, enabling America’s entrepreneurs to create new jobs, increase workers’ wages and reinvest in their business.
“The majority of benefits from the Trump Tax Cuts, contrary from what you’ve heard today from the other side, flowed to working middle-class families—the bottom 50 percent of earners received the largest reduction in average tax rates at 17.3 percent.
“Contrary to claims that the benefits were only for ‘billionaires and corporations,’ the Trump Tax Cuts actually made the tax code even more progressive. Meaning that the highest income earners now pay a greater share of all income taxes than they did before, and if we can extend this tax cut, that will continue to be the case.
“The generational reforms we made in 2017 were designed to strengthen investment, boost economic growth, increase take-home pay and reduce poverty, and it worked.
“Not only did taxpayers keep more of their hard-earned money, but a growing economy powered median household income to an all-time high.
“The labor market improved, workers saw record wage growth and the unemployment rate fell dramatically to 3.5 percent—the lowest in 50 years.
“And the lowest-income workers experienced the largest wage growth.
“There was a capital formation explosion in the United States, and corporate inversions—corporations leaving America—became a thing of the past as companies came back home and America became the place to do business again.
“All Americans reaped the benefits of a booming economy.
“Extending this current, proven tax policy—and building on it—is the best way to restore economic prosperity and opportunity for working families, many of whom are still struggling to recover from the historic inflation of the last four years.
“Tonight, I expect we’ll hear once again the ‘politics of fear’ at work as my Democrat colleagues claim all sorts of dire things will happen so that Republicans can cut taxes for the wealthy.
“This attack has been used for nearly a decade, and it’s just as false now as it has been in the past.
“Americans should not be scared by these falsehoods.
“What they should be alarmed by is what my colleagues and I are committed to preventing: the largest tax hike in history that will occur if we do not extend the current Trump’s Tax Cuts.
“Middle-class Americans and small businesses will pay the highest price.
“If the tax cuts expire:
There will be a $4+ trillion tax hike on all Americans.
More than $2.6 trillion of that tax increase will hit people who earn less than $400,000 per year.
The average American household will see a more-than $1,700 increase in their tax bill.
An over $600 billion tax increase on more than 20 million small business owners, who could face rates as high as 43.4 percent.
Families would have their child tax credit slashed in half from $2,000 to $1,000.
The standard deduction, claimed by over 90 percent of taxpayers, would be cut in half.
The economic cost has been estimated to be 6 million jobs; $540 billion in employee compensation, and $1.1 trillion of GDP.
“Republicans are united in our efforts to prevent these damaging consequences.
“Not only are we focused on extending these proven tax policies, but we are committed to making this growth in our economy permanent so that we don’t have to face these dire consequences in the future.
“Permanent tax policies promote stability and lead to more pronounced economic effects than temporary ones.
“Making the Trump Tax Cuts permanent will provide businesses the certainty and stability they need to make the long-term investments that drive growth, accelerate productivity and increase prosperity across all segments of the economy.
“Studies find that a permanent extension of TCJA would increase long-run GDP by 1.1 percent and increase after-tax income for Americans of all income levels.
“Making the small-business deduction alone permanent is estimated to create 1.2 million jobs annually over the first ten years, increasing to 2.4 million in the long run.
“The President’s Council of Economic Advisers just released an analysis that says extending the Trump Tax Cuts, combined with other pro-growth economic policies that we are pursuing, would:
Boost the level of short-run real GDP by 3.3 to 3.8 percent and long-run real GDP by 2.6 to 3.2 percent;
Raise annual real wages by $2,100 to $3,300 per worker;
Increase real annual take-home pay for a median-income household with two children by roughly $4,000 to $5,000;
Save over 4 million full-time equivalent jobs from being destroyed; and
Facilitate $100 billion of investment in distressed communities.
“That analysis also projects that extending these tax cuts, ’together with the full suite of Trump Administration policies—such as deregulation, which the CEA previously estimated would add 0.1 to 0.2 percentage points to real GDP growth rates over a decade—is expected to result in 3.0 percent annual real GDP growth rates over the next 10 years.’
“Now what does that mean?
“According to CEA, that 3.0 percent annual real GDP growth will result in $4.1 trillion in additional revenue to the Treasury to help us deal with our national debt.
“$4.1 trillion dollars.
“To unleash that growth, the best way to make these tax cuts permanent is by using a current policy baseline: this is the scoring method that more accurately reflects reality.
“The average American easily understands there is a difference between a tax increase and a spending cut.
“However, there’s an inherent bias in Congress’s scoring process where tax policy is treated differently than spending policy.
“If tax rates are scheduled to increase, like they are right now if we don’t act, preventing that tax hike is counted as a ‘cost’ in uncollected future revenue.
“But many spending programs are assumed to be extended beyond their expiration, so the spending just continues and continues, unabated, which the budget rules say do not have any cost. That’s what we’re trying to fix today in this bill.
“In fact, there is $2.5 trillion in spending that is automatically extended by our budget rules over the next ten years under a current policy baseline.
“Even the Obama White House has used a current policy baseline for tax policy. They recognized there’s a difference between increasing taxes and cutting spending.
“In 2013, they argued that a ‘current policy baseline to be the appropriate reference point, since it measures changes relative to the status quo, rather than the mix of expiring provisions and policy changes that would likely never be implemented.’
“Interpreted, what they said is exactly what I’ve been saying. You can’t say that just keeping the tax rates where they are and not raising them is the same as spending more money.
“We need to level the playing field and sever the connection that creates a tax-and-spend budgeting process in Congress.
“And that’s another thing that we’re going to do today.
“Critics—who have been strangely silent over the years as trillions of dollars in spending has been automatically extended under a current policy baseline—now take offense to correcting the bias toward forcing federal spending.
“As applied only to tax policy, those critics assert that we’ll be increasing the deficit by using a current policy baseline, or we’re using this baseline to ‘hide the cost.’
“Let me be very clear: we are not hiding the score that JCT or CBO would assign the bill under a current law baseline. In fact, I like to see that score – it shows the amount of the tax increase that my colleagues on the other side are trying to push onto the American people.
“But let’s be fully transparent—both an estimate based on current policy and one based on current law will be released when we consider this bill on the Senate floor, and then Americans can see what kind of savings have been given to them by not raising their taxes.
“Under our existing tax regime, the tax revenue to GDP ratio this year will be 17.1 percent, meaning we will raise taxes for the federal Treasury—under our current tax policy—at about 17.1 percent of GDP. It will also be about the same next year if we don’t let the taxes go up, meaning that the revenue will not appreciably change.
“Yet my colleagues on the other side say it’s going to spike a hole in the deficit—why? Because they won’t get their hands on that $4 trillion of new tax revenue out of the American people.
“This would not increase the debt relative to GDP; it would simply prevent a tax increase.
“And we need to be honest about what those tax increases would and would not do.
“Those who say we should let taxes go back up say, ‘Wow, then we could use it to pay down the national debt some more.’
“Every tax increase that Congress has adopted for as long as I can remember was not used to pay down the national debt; it was used by Congress to spend more money.
“Congress does not have a revenue problem—it has a spending problem.
“Senate Republicans are united in our desire to take concrete steps to address our deficit and get our fiscal house in order.
“Because the bill we’re debating today is within the confines of reconciliation, the scores and numbers that we’ll be discussing don’t reflect the full fiscal picture.
“In order to have an honest discussion, there needs to be an acknowledgment that there are other factors at play that can generate economic growth and reductions in spending.
“What am I talking about? Economic growth. As I indicated in one of the charts that we had up, the estimates from the CEA are that if we make the tax policy permanent, the confidence that will give our economy and the boost it will give our economy through proper tax incentive policy will grow the economy by as much as $4 trillion to the federal treasury.
“The President is also directly impacting government spending through his efforts with the Department of Government Efficiency, aggressively cutting waste, fraud and abuse from our government programs.
“Spending on federal government programs has ballooned in recent years. We have a responsibility to evaluate these spending increases to ensure these programs work efficiently and effectively for everyone.
“The President has also undertaken, and will likely pursue more, deregulation efforts, which have as big of an impact on revenues and economic growth as tax policy does, and we should recognize that.
“The bottom line is, in addition to the actions that Congress can take, there are activities that the President is currently engaged in that will impact our fiscal policy by either reducing spending or increasing revenue, and we should take those into consideration.
“Congress must begin the process of restoring fiscal sanity by achieving deficit reduction, and spending reforms are the best way to achieve that goal.
“In contrast, imposing the largest tax hike in our country’s history would be counterproductive by easing the glide path for even more spending.
“We will be having a very robust debate in the weeks ahead about the best way to deliver on President Trump’s agenda, and I look forward to those discussions.
“This budget resolution unlocks the process to allow us to strengthen our national security, secure our borders, permanently extend the Trump Tax Cuts and provide additional middle-class tax relief.”

MIL OSI USA News –

April 8, 2025
MIL-OSI: Notice of Annual General Meeting in Karolinska Development AB (publ)
Source: GlobeNewswire (MIL-OSI)

The shareholders of Karolinska Development AB (publ), reg. no. 556707-5048, (“Karolinska Development” or the “Company”) are invited to the Annual General Meeting, on Thursday May 15, 2025, at 3:00 p.m. (CEST), at Nanna Svartz väg 2, 171 65 Solna, Sweden.

The Board of Directors has resolved that shareholders shall have the right to exercise their voting rights in advance through postal voting pursuant to item 13 in the articles of association. Therefore, shareholders may choose to exercise their voting rights at the AGM by attending in person, by postal voting or through a proxy.

Participation in person

A shareholder who would like to participate at the AGM in person must:

both be entered in the register of the shareholders maintained by Euroclear Sweden AB by Wednesday May 7, 2025,

and give notice of his or her intention to participate to the Company no later than Friday May 9, 2025, at the address Karolinska Development, “AGM”, Nanna Svartz väg 6A, 171 65, Solna, Sweden, or through email eva.montgomerie@karolinskadevelopment.com. When giving notice to participate, please provide name, personal identity number or company registration number, telephone number and number of represented shares.

Participation by postal voting

Shareholders who wish to participate in the AGM by postal voting must:

both be registered in the register of shareholders maintained by Euroclear Sweden AB as per Wednesday May 7, 2025,

and notify their intention to participate by submitting their postal vote in accordance with the instructions below, so that the postal vote is received by Karolinska Development no later than Friday May 9, 2025.

Shareholders may exercise their voting rights at the AGM by voting in advance through postal voting pursuant to item 13 in the articles of association, referring to Chapter 7, Section 4 a of the Swedish Companies Act.

For advance voting, a special form must be used. Forms in Swedish and English are available for download on the Company’s website, www.karolinskadevelopment.com.The advance voting form is valid as notification of participation at the AGM.

The completed advance voting form must be received by the Company no later than Friday May 9, 2025. The completed form shall be sent to Karolinska Development by e-mail to eva.montgomerie@karolinskadevelopment.com or by regular mail to Karolinska Development, “AGM”, Nanna Svartz väg 6A, 171 65, Solna, Sweden. The shareholder may not provide special instructions or conditions in the advance voting form. If so, the vote (i.e. the advance vote in its entirety) is invalid. Further instructions and conditions are provided in the form for advance voting.

Those who wish to withdraw a submitted postal vote and instead exercise their voting rights by participating in the AGM in person or through a proxy must give notice thereof to the AGM’s secretariat prior to the opening of the AGM.

Participation by proxy

If the shareholders are represented by proxy, a written proxy must be issued and submitted to the Company at the above address well in advance of the AGM. The proxy is valid during the period set forth in the proxy, however, at most five years from the issuance. If a proxy is issued by a legal entity, a copy of the legal entity’s registration certificate or similar document evidencing signatory powers must be enclosed. Proxy forms in Swedish and English are available for download on the Company’s website, www.karolinskadevelopment.com.

Nominee registered shares

For shareholders who have their shares nominee-registered through a bank or other nominee, the following applies in order to be entitled to participate in the meeting. In addition to giving notice of participation, such shareholder must re-register its shares in its own name so that the shareholder is registered in the share register kept by Euroclear Sweden AB as of the record date Wednesday May 7, 2025. Such re-registration may be temporary (so-called voting rights registration). Shareholders who wish to register their shares in their own names must, in accordance with the respective nominee’s routines, request that the nominee make such registration. Voting rights registration that have been requested by the shareholder at such time that the registration has been completed by the nominee no later than Friday May 9, 2025, will be taken into account in the preparation of the share register.

Proposal for agenda

1.    Election of chairman of the meeting
2.    Preparation and approval of the voting list
3.    Approval of the agenda
4.    Election of one or two persons to verify the minutes
5.    Determination of whether the meeting was duly convened
6.    Presentation of the annual report and the auditor’s report and the group annual report and the auditor’s group report
7.    Resolutions regarding
a)   adoption of the profit and loss statement and the balance sheet, and consolidated profit and loss statement and consolidated balance sheet
b)   appropriation of the Company’s result according to the adopted balance sheet
c)   discharge from liability for the directors and the CEO
8.    Resolution regarding the number of directors and auditors and deputy auditors to be appointed
9.    Resolution in respect of the fees for the Board of Directors and for the auditors
10.    Election of chairman of the Board of Directors, directors and auditors and deputy auditors
11.    Principles for appointing members and instruction for the Nomination Committee
12.    Resolution on approval of the Board of Directors’ Remuneration Report 2024
13.    The Board of Directors’ proposal regarding authorization for the Board of Directors to resolve on transfer of own shares
14.    The Board of Directors’ proposal regarding authorization for the Board of Directors to resolve on new issues of shares
15.    Closing of the meeting

Items 1 and 8–11: The Nomination Committee’s proposal regarding chairman at the meeting; number of directors, auditors and deputy auditors to be appointed; fees for the Board of Directors and auditors; election of chairman of the Board of Directors, directors, auditors and deputy auditors and principles for appointing members and instruction for the Nomination Committee

The Nomination Committee has consisted of Yan Cheng (chairman), appointed by Worldwide International Investments Ltd; Jack Li, appointed by invoX Pharma Ltd; Jan Dworsky, appointed by Swedbank Robur Microcap fond; Hans Wigzell, appointed by Insamlingsstiftelsen för främjande och utveckling av medicinsk forskning vid KI; Peter Markborn, appointed by Styviken Invest AS.

The Nomination Committee proposes that the Annual General Meeting resolves as follows:

Lawyer Annika Andersson (Cirio Law Firm) is appointed to chair the Annual General Meeting.

The number of directors will be five and no deputies will be appointed.

The number of auditors will be one and no deputy auditor will be appointed.

The chairman will be paid a fixed amount of SEK 400,000 to be paid out in proportion to board meetings attended. All other directors will be paid a fixed amount of SEK 200,000 to be paid out in proportion to board meetings attended. The fees to the directors remain unchanged compared to previous year.

The auditors will be paid as per invoice.

Re-election of the directors Ben Toogood, Anna Lefevre Skjöldebrand, Philip Duong and Will Zeng, and election of Anders Härfstrand as director for the time until the end of the 2026 Annual General Meeting.

Re-election of Ben Toogood as new Chairman of the Board of Directors.

Anders Härfstrand was born 1956. He holds a M.D and Ph.D from the Karolinska Institute. His other appointments include work as founder of Härfstrand Consulting AG, Switzerland, co- founder of P4BIOS, USA and consultant to CIS Biopharma, Switzerland. Anders Härfstrand has many years of experience from the pharmaceutical industry with a global track record of success in building commercial operations, marketing and sales management, and product development. His previous assignments include member of the executive management of Pharmacia, Pfizer-Japan and Serono, CEO for various European biotech companies as well as chairman of the board and board member of public and private companies in the USA and Europe. He has also been a former board member of Karolinska Development. Anders Härfstrand holds no shares in Karolinska Development. He is independent in relation to the Company, its executive management and the Company’s major shareholders.

The composition of the Board of Directors meets the independence requirement of the Swedish Corporate Governance Code.

The Nomination Committee proposes that voting shall take place individually.

Re-election of Ernst & Young Aktiebolag as auditor in accordance with the audit committee’s recommendation, currently with Oskar Wall as auditor in charge, for the time until the end of the 2026 Annual General Meeting. The audit committee has prior to the 2025 Annual General Meeting carried out a procurement process as procurement of audit in accordance with applicable legislation shall take place after the same accounting firm has been auditor for a ten-year period.

The Nomination Committee shall have five members. Every year, the five largest owners (voting power, as set forth in the share register kept by Euroclear Sweden AB as of the last banking day in August) shall appoint one member each. The chairman of the Board of Directors shall convene the first meeting. If a shareholder does not exercise its right to appoint a member, the shareholder next in order of voting power, who has not already appointed a member or has a right to appoint a member, shall have the right to appoint a member to the Nominating Committee. The members of the Nomination Committee shall be made public as soon as the members have been appointed, and in no case later than six months prior to the Annual General Meeting. The members shall among themselves appoint the chairman of the committee. If a member resigns or is prevented from pursuing his/her assignment, the shareholder that has appointed such member shall appoint a new member. In the event that the shareholding in the Company is materially changed, before the Nomination Committee has completed its assignment, the Nomination Committee may decide to change the composition of the Nomination Committee, as determined by the Nomination Committee (considering the principles applicable for the appointment of the Nomination Committee). Any change in the composition of the Nomination Committee shall be announced as soon as possible. No fees shall be paid to the members of the Nomination Committee. Out of pocket expenses shall be reimbursed by the Company. The mandate of the committee shall be until the members of the succeeding committee have been announced.

The Nomination Committee is to make proposals to the Annual General Meeting regarding the election of Chair of the Annual General Meeting, number of board members, Chair of the Board and other board members and remuneration to the board members. The Nomination Committee is also to make proposals regarding the Company’s auditor, remuneration to the Company’s auditor and election of members of the Nomination Committee or principles for the selection of a Nomination Committee. The Nomination Committee shall conduct an annual evaluation of this instruction and when necessary propose to amend it to the Annual General Meeting. The Nomination Committee shall otherwise carry out the tasks that, according to the Swedish Corporate Governance Code, are the responsibility of the Nomination Committee.

Item 7 b: Appropriation of the Company’s result according to the adopted balance sheet

The Board of Directors and the CEO propose that the amount at disposal of the Annual General Meeting, in total SEK 1,235,972,877, shall be carried forward.

Item 12: Resolution on approval of the Board of Directors’ Remuneration Report 2024

The Board of Directors proposes that the AGM approve the Board of Directors’ remuneration report for 2024 in accordance with Chapter 8, Section 53 a of the Swedish Companies Act.

Item 13: The Board of Directors’ proposal regarding authorization for the Board of Directors to resolve on transfer of own shares

The Board of Directors proposes that the Annual General Meeting resolves to authorize the Board of Directors, for the period until the next Annual General Meeting, on one or more occasions, with or without deviation from the shareholders’ preferential rights, to resolve on transfer of all shares of series B held by the Company at any given time. The Company holds 244,285 shares of series B at the time of the publication of this notice. Transfer may take place on Nasdaq Stockholm or otherwise. Transfer on Nasdaq Stockholm shall be made at a price per share within the registered price interval at any given time, being the interval between the highest bid and lowest ask price. Otherwise, transfer shall be made on market terms. Payment for shares shall be made in cash, in kind or by set-off.

The purpose of the authorization for transferring own shares and the reasons for potential deviation from the shareholders’ preferential rights, is to give the Board of Directors the possibility to adjust the Company’s capital structure, to use repurchased shares as payment for, or financing of, acquisitions or investments in order to create increased value for the shareholders.

A resolution in accordance with the Board of Directors’ proposal requires support from shareholders with not less than 2/3 of votes cast as well as shares represented at the meeting.

Item 14: The Board of Directors’ proposal regarding authorization for the Board of Directors to resolve on new issues of shares

The Board of Directors proposes that the Annual General Meeting resolves to authorize the Board of Directors, for the period until the next Annual General Meeting to resolve, on one or more occasions, with or without deviation from the shareholders’ preferential rights, and for payment in cash, by set-off or in kind, to issue new shares of series B up to a number that, at the time of the first resolution under this authorization, corresponds to twenty (20) per cent of the total share capital; provided however that any such issue must not result in the Company’s share capital exceeding the Company’s maximum allowed share capital as set out in the articles of association.

A resolution in accordance with the Board of Directors’ proposal requires support from shareholders with not less than 2/3 of votes cast as well as shares represented at the meeting.

Miscellaneous

The annual report, auditor’s report, remuneration report and other documents that are to be made available in accordance with the Swedish Companies Act, are available at the Company on Nanna Svartz väg 2, 171 65, Solna, Sweden and at the Company’s website, www.karolinskadevelopment.com, no later than three weeks before the AGM, and will be sent to shareholders who so request and provide their postal address.

The Board of Directors and the CEO shall, if requested by any shareholder and if the Board of Directors is of the opinion that it can be done without causing material harm to the Company, provide disclosures about conditions that may impact assessment of an item of business on the agenda, about conditions that may impact assessment of the Company’s or a subsidiary’s financial situation, and about the Company’s relationship with another group company.

As per the date of this notice, there are 270,077,594 shares, representing a total of 293,074,943 votes outstanding in the Company, distributed among 2,555,261 shares of series A (with 25,552,610 votes) and 267,522,333 shares of series B (with 267,522,333 votes). As per the date of this notice, the Company holds 244,285 treasury shares of series B.

Processing of personal data

For information on how your personal data is processed in connection to the Annual General Meeting see the privacy policy available on Euroclear Sweden AB’s website: https://www.euroclear.com/dam/ESw/Legal/Privacy-notice-bolagsstammor-engelska.pdf

Solna in April 2025
Karolinska Development AB (publ)
The Board of Directors

Attachment
- Karolinska Development – Notice AGM 2025
The MIL Network –
April 8, 2025
MIL-OSI: Carronade Capital Files Preliminary Proxy Statement for Cannae Holdings 2025 Annual Meeting
Source: GlobeNewswire (MIL-OSI)

Underscores Critical Need to Establish Accountability and Independence on the Board

Outlines Attributes of Carronade’s Four Independent and Highly Qualified Director Nominees and Why They Are Best-Suited to Create Value

DARIEN, Conn., April 07, 2025 (GLOBE NEWSWIRE) — Carronade Capital Master, LP (together with its affiliates, “Carronade Capital”, “our” or “we”), which beneficially owns approximately 3.1 million shares of Common Stock of Cannae Holdings, Inc. (NYSE: CNNE) (“Cannae” or the “Company”) and is one of the Company’s top five shareholders, today filed a preliminary proxy statement in connection with its nomination of four independent and highly qualified candidates for election to the Cannae Board of Directors (the “Board”) at the upcoming 2025 Annual Meeting of Stockholders (the “2025 Annual Meeting”).

Carronade also commented on Cannae’s recent announcements:

“Cannae’s recent actions following our engagement are too little, too late, and do not go nearly far enough to rectify chronic underperformance, egregious corporate governance, and in our view, unfair benefits and severance payouts granted to Bill Foley with the blessing of his handpicked and intertwined Board. Promising to return a portion of shareholder funds to their rightful owners over an undetermined period of time and transitioning to annual director elections over a multi-year period are woefully insufficient to rectify the serious issues that we believe are plaguing Cannae under the oversight (or lack thereof) of such an entrenched, crony Board. Notably, the Board outrageously bettered Foley’s already offensive exit package amidst settlement discussions, guaranteeing him a cash buyout for half his shares at a premium to market if he resigns for “good reason”, including if any director not supported by Foley is elected to the Board. Cannae shareholders deserve better.

“We believe Cannae’s recent statements about its future plans are insufficient to unlock the value of the portfolio and eliminate the ongoing, significant discount to NAV. Cannae’s previous attempts to close the discount to NAV have failed because we believe the market lacks confidence that this beholden Board will safeguard shareholder assets instead of further enriching management and themselves. The Board’s continuing conduct is clear evidence that new, truly independent directors such as Carronade’s nominees are needed to address the many deficiencies on display and re-direct Cannae toward meaningful change, enabling value creation for all shareholders.”

Carronade has nominated four highly qualified candidates – Mona Aboelnaga, Benjamin Duster, Dennis Prieto and Cherie Schaible – each of whom possess the specific expertise and knowhow to pursue achievable value creative initiatives, which we believe will facilitate Cannae’s strategic transformation, turn around Cannae’s chronic underperformance, and drive shareholder value. Importantly, all of Carronade’s nominees are truly independent and will bring a renewed sense of shareholder accountability to Cannae’s board, working not for Mr. Foley, but instead for the true owners of Cannae – the shareholders.

If elected, we believe Carronade’s nominees will be instrumental in unlocking substantial value for shareholders and restoring shareholder confidence through several value creation initiatives, including:
- Committing to a certain and timely return of meaningfully more capital to shareholders through spin outs or substantial buybacks and providing a clear investment narrative to shareholders;
- Refreshing the leadership of the Affiliate Transaction Committee and the Nomination and Governance Committee with the four new nominees, and creating a Value Maximization committee tasked with the formulation and oversight of successful execution of a plan designed to improve shareholder returns; and
- Implementing a corporate overhead cost reduction program and converting the Trasimene Capital Management termination fee into performance-based, vesting stock compensation.
Carronade looks forward to engaging with shareholders and expects the 2025 Annual Meeting to occur around mid-June 2025 consistent with prior meetings. Shareholders do not need to take any action at this time.

About Carronade Capital
Carronade Capital is a multi-strategy investment firm based in Connecticut with over $2.2 billion in assets under management that focuses on process driven investments in catalyst-rich situations. Carronade Capital was founded in 2019 by industry veteran Dan Gropper and is based in Darien, Connecticut. The Funds managed by Carronade Capital were launched on July 1, 2020, and the firm employs 15 team members. Dan Gropper brings with him nearly three decades of special situations credit experience serving in senior roles at distinguished investment firms, including Elliott Management Corporation, Fortress Investment Group and Aurelius Capital Management, LP.

Media Contact:
Paul Caminiti / Jacqueline Zuhse
Reevemark
(212) 433-4600
Carronade@reevemark.com

Investor Contact:
Andy Taylor / Win Rollins
Carronade Capital Management, LP
(203) 485-0880
ir@carronade.com

Pat McHugh
Okapi Partners LLC
(212) 297-0720
info@okapipartners.com

Disclaimers

This press release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities described herein in any state to any person. This press release does not recommend the purchase or sale of a security. There is no assurance or guarantee with respect to the prices at which any securities of Cannae Holdings, Inc. (the “Company”) will trade, and such securities may not trade at prices that may be implied herein. In addition, this press release and the discussions and opinions herein are for general information only, and are not intended to provide financial, legal or investment advice. Each shareholder of the Company should independently evaluate the proxy materials and make a decision that aligns with their own financial interests, consulting with their own advisers, as necessary.

This press release contains forward-looking statements. Forward-looking statements are statements that are not historical facts and may include projections and estimates and their underlying assumptions, statements regarding plans, objectives, intentions and expectations with respect to future financial results, events, operations, services, product development and potential, and statements regarding future performance. Forward-looking statements are generally identified by the words “expects”, “anticipates”, “believes”, “intends”, “estimates”, “plans”, “will be” and similar expressions. Although Carronade Capital and its affiliates believe that the expectations reflected in forward-looking statements contained herein are reasonable, investors are cautioned that forward-looking information and statements are subject to various risks and uncertainties—many of which are difficult to predict and are generally beyond the control of Carronade or the Company—that could cause actual results and developments to differ materially from those expressed in, or implied or projected by, the forward-looking information and statements. In addition, the foregoing considerations and any other publicly stated risks and uncertainties should be read in conjunction with the risks and cautionary statements discussed or identified in the Company’s public filings with the U.S. Securities and Exchange Commission, including those listed under “Risk Factors” in the Company’s annual reports on Form 10-K and quarterly reports on Form 10-Q . The forward-looking statements speak only as of the date hereof and, other than as required by applicable law, Carronade does not undertake any obligation to update or revise any forward-looking information or statements. Certain information included in this press release is based on data obtained from sources considered to be reliable. Any analyses provided herein is intended to assist the reader in evaluating the matters described herein and may be based on subjective assessments and assumptions and may use one among alternative methodologies that produce different results. Accordingly, any analyses should not be viewed as factual and should not be relied upon as an accurate prediction of future results. All figures are estimates and, unless required by law, are subject to revision without notice.

Certain of the funds(s) and/or account(s) (“Accounts”) managed by Carronade Capital Management, LP (“Carronade Capital Management”) currently beneficially own shares of the Company. Carronade Capital Management in the business of trading (i.e., buying and selling) securities and intends to continue trading in the securities of the Company. You should assume the Accounts will from time to time sell all or a portion of its holdings of the Company in open market transactions or otherwise, buy additional shares (in open market or privately negotiated transactions or otherwise), or trade in options, puts, calls, swaps or other derivative instruments relating to such shares. Consequently, Carronade Capital Management’s beneficial ownership of shares of, and/or economic interest in, the Company may vary over time depending on various factors, with or without regard to Carronade Capital Management’s views of the Company’s business, prospects, or valuation (including the market price of the Company’s shares), including, without limitation, other investment opportunities available to Carronade Capital Management, concentration of positions in the portfolios managed by Carronade Capital Management, conditions in the securities markets, and general economic and industry conditions. Without limiting the generality of the foregoing, in the event of a change in the Company’s share price on or following the date hereof, Carronade Capital Management may buy additional shares or sell all or a portion of its Account’s holdings of the Company (including, in each case, by trading in options, puts, calls, swaps, or other derivative instruments relating to the Company’s shares). Carronade Capital Management also reserves the right to change the opinions expressed herein and its intentions with respect to its investment in the Company, and to take any actions with respect to its investment in the Company as it may deem appropriate, and disclaims any obligation to notify the market or any other party of any such changes or actions, except as required by law.

Certain Information Concerning the Participants

Carronade Capital Master, LP, together with the other participants named herein (collectively, “Carronade Capital”), has filed a preliminary proxy statement and accompanying GOLD proxy card with the Securities and Exchange Commission (“SEC”) to be used to solicit votes for the election of Carronade Capital’s highly-qualified director nominees at the 2025 annual meeting of stockholders of the Company.

CARRONADE CAPITAL STRONGLY ADVISES ALL STOCKHOLDERS OF THE COMPANY TO READ THE PROXY STATEMENT AND OTHER PROXY MATERIALS AS THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION. SUCH PROXY MATERIALS WILL BE AVAILABLE AT NO CHARGE ON THE SEC’S WEB SITE AT HTTP://WWW.SEC.GOV. IN ADDITION, THE PARTICIPANTS IN THIS PROXY SOLICITATION WILL PROVIDE COPIES OF THE PROXY STATEMENT WITHOUT CHARGE, WHEN AVAILABLE, UPON REQUEST. REQUESTS FOR COPIES SHOULD BE DIRECTED TO THE PARTICIPANTS’ PROXY SOLICITOR.

The participants in the proxy solicitation are anticipated to be Carronade Capital Master, LP (“Carronade”), Carronade Capital GP, LLC (“Carronade GP”), Carronade Capital Management, Carronade Capital Management GP, LLC (“Carronade Management GP”), Dan Gropper, Mona Aboelnaga, Benjamin C. Duster, IV, Dennis A. Prieto and Chérie L. Schaible.

As of the date hereof, Carronade beneficially owns directly 2,874,116 shares of Common Stock, par value $0.0001 per share, of the Company (the “Common Stock”). Carronade GP, as the general partner of Carronade, may be deemed the beneficial owner of the 2,874,116 shares of Common Stock owned by Carronade. As of the date hereof, 176,809 shares of Common Stock were held in a certain account managed by Carronade Capital Management (the “Managed Account”). Carronade Capital Management, as the investment manager of Carronade, may be deemed the beneficial owner of an aggregate of 3,050,925 shares of Common Stock directly owned by Carronade and held in the Managed Account. Carronade Management GP, as the general partner of Carronade Capital Management, may be deemed the beneficial owner of an aggregate of 3,050,925 shares of Common Stock directly owned by Carronade and held in the Managed Account. As the Managing Member of Carronade Management GP, Mr. Gropper may be deemed the beneficial owner of an aggregate of 3,050,925 shares of Common Stock directly owned by Carronade and held in the Managed Account. As of the date hereof, Ms. Aboelnaga directly beneficially owns 1,400 shares of Common Stock. As of the date hereof, Mr. Duster directly beneficially owns 1,338.329 shares of Common Stock. As of the date hereof, Mr. Prieto directly beneficially owns 820 shares of Common Stock. As of the date hereof, Ms. Schaible directly beneficially owns 1,360 shares of Common Stock.

The MIL Network –
April 8, 2025
MIL-OSI: LPL Financial Announces Strategic Relationship with First Horizon Bank

Source: GlobeNewswire (MIL-OSI)

SAN DIEGO, April 07, 2025 (GLOBE NEWSWIRE) — LPL Financial Holdings Inc. (Nasdaq: LPLA) today announced an agreement with First Horizon Bank, the banking subsidiary of First Horizon Corporation (NYSE: FHN), to expand their wealth management capabilities and solutions by transitioning support of the broker-dealer and investment advisory services of First Horizon Advisors, Inc., to LPL and its Institution Services platform.

First Horizon Advisors, Inc., is a subsidiary of First Horizon Bank and consists of approximately 110 financial advisors who collectively serve approximately $16 billion* of client assets across the company’s 12-state footprint. The financial advisors with First Horizon Advisors, Inc., will continue to work one-on-one with their clients to implement investment strategies that help them pursue their financial goals.

“LPL’s industry-leading capabilities and operational support will allow us to expand our offering and concentrate our talent, resources and capital on driving continued growth and outstanding client experiences,” said Martin de Laureal, president at First Horizon Advisors, Inc. “This relationship will further empower our advisors to provide exceptional advice and distinguish themselves in the marketplace.”

“Through their community-minded commitment to excellence, First Horizon Advisors delivers well-respected and comprehensive financial advice to their clients,” said Christopher Cassidy, SVP, head of Institution Business Development at LPL Financial. “LPL will further enhance the competitive advantage of First Horizon Advisors by delivering seamless experiences and customized support while powering the future of advice through one unified vision.”

The transition is expected to be completed in the second half of 2025, subject to receipt of regulatory approval and other conditions. 

About First Horizon
First Horizon Corporation (NYSE: FHN), with $82.2 billion in assets as of December 31, 2024, is a leading regional financial services company, dedicated to helping our clients, communities and associates unlock their full potential with capital and counsel. Headquartered in Memphis, TN, the banking subsidiary First Horizon Bank operates in 12 states across the southern U.S. The Company and its subsidiaries offer commercial, private banking, consumer, small business, wealth and trust management, retail brokerage, capital markets, fixed income, and mortgage banking services. First Horizon has been recognized as one of the nation’s best employers by Fortune and Forbes magazines and a Top 10 Most Reputable U.S. Bank. More information is available at www.FirstHorizon.com.

About LPL Financial
LPL Financial Holdings Inc. (Nasdaq: LPLA) is among the fastest growing wealth management firms in the U.S. As a leader in the financial advisor-mediated marketplace, LPL supports more than 29,000 financial advisors and the wealth management practices of approximately 1,200 financial institutions, servicing and custodying approximately $1.7 trillion in brokerage and advisory assets on behalf of 6 million Americans. The firm provides a wide range of advisor affiliation models, investment solutions, fintech tools and practice management services, ensuring that advisors and institutions have the flexibility to choose the business model, services, and technology resources they need to run thriving businesses. For further information about LPL, please visit www.lpl.com.

Securities and advisory services offered through LPL Financial LLC (“LPL Financial”), a registered investment advisor and broker dealer, member FINRA/SIPC. First Horizon Bank, First Horizon Corp., First Horizon Advisors, Inc., and LPL Financial are separate entities.

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

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

*Estimated as of April 4, 2025

Forward-Looking Statements 
Certain of the statements included in this release, such as those regarding the completion of the strategic relationship agreement; the expected transition of assets associated therewith; and the benefits anticipated therefrom, constitute forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Words such as “expects,” “believes,” “anticipates,” “plans,” “assumes,” “estimates,” “projects,” “intends,” “should,” “will,” “shall” or variations of such words are generally part of forward-looking statements. Forward-looking statements are made based on current expectations and beliefs concerning future developments and their potential effects upon First Horizon, LPL or both. In particular, no assurance can be provided that the assets reported as serviced by financial advisors affiliated with First Horizon will translate into assets serviced by LPL, that advisors affiliated with First Horizon will transition registration to LPL or that the benefits that are expected to accrue to First Horizon, LPL and First Horizon-affiliated advisors as a result of the strategic relationship agreement will materialize. These forward-looking statements are not a guarantee of future performance and involve risks and uncertainties, including economic, legislative, regulatory, competitive and other factors, and there are certain important factors that could cause actual results or the timing of events to differ, possibly materially, from expectations or estimates expressed or implied in such forward-looking statements. Important factors that could cause or contribute to such differences include: the failure of the parties to satisfy the closing conditions applicable to the strategic relationship agreement, including receiving regulatory approval, in a timely manner or at all; difficulties or delays in transitioning advisors affiliated with First Horizon, or in onboarding First Horizon’s clients and businesses or transitioning their assets from First Horizon’s current third-party custodian, to LPL; the inability of LPL to sustain revenue and earnings growth or to fully realize revenue or expense synergies or the other expected benefits of the transaction, which depend in part on LPL’s success in onboarding assets currently served by First Horizon’s advisors; disruptions to First Horizon’s or LPL’s businesses due to transaction-related uncertainty or other factors making it more difficult to maintain relationships with financial advisors and clients, employees, other business partners or governmental entities; the inability of LPL or First Horizon to implement onboarding plans; the choice by clients of First Horizon-affiliated advisors not to open brokerage and/or advisory accounts at LPL; changes in general economic and financial market conditions, including retail investor sentiment; fluctuations in the value of assets under custody; and the effects of competition in the financial services industry, including competitors’ success in recruiting First Horizon-affiliated advisors. Certain additional important factors that could cause actual results or the timing of events to differ, possibly materially, from expectations or estimates expressed or implied in such forward-looking statements can be found in the “Risk Factors” and “Special Note Regarding Forward-Looking Statements” section included in LPL’s most recent Annual Report on Form 10-K. Except as required by law, LPL does not undertake to update any particular forward-looking statement included in this document as a result of developments occurring after the date of this press release.

Contacts

LPL Media Relations
media.relations@lplfinancial.com

LPL Investor Relations
investor.relations@lplfinancial.com

Tracking #716697

The MIL Network –

April 8, 2025
MIL-OSI United Kingdom: Inquiry into the Southport attack begins today
Source: United Kingdom – Executive Government & Departments

News story

Inquiry into the Southport attack begins today

The Home Secretary announces the first phase of the Southport Inquiry starts today and appoints Rt Hon Sir Adrian Fulford as chair.
The Home Secretary, Yvette Cooper has announced that the first phase of the Southport Inquiry will start today.

The Home Secretary previously announced in January 2025 that an inquiry would be launched following the conviction of the perpetrator of the 2024 Southport attack, to examine what went wrong in this horrific case and how services should respond to fixated youth violence.

Sir Adrian Fulford has been appointed as the chair following consultation with the victims and families of those killed or affected by the attacks and plans to travel to meet them as a first priority.

This follows the Prime Minister’s commitment to leave no stone unturned in uncovering how this attack happened and to not let any institution of the state deflect from their failure.

Home Secretary, Yvette Cooper said:

The brutal murder of three young girls: Bebe, Elsie and Alice in Southport was an unimaginable tragedy – we owe it to their families, and all those affected on that terrible day to quickly understand what went wrong, answer difficult questions and do everything in our power to prevent something like this from happening again.

The Southport Inquiry will provide insights into any failings that allowed a young man with a previous history of violence, to commit this horrendous attack.

Sir Adrian Fulford will bring a wealth of legal and criminal justice expertise to this role, and I am pleased he has agreed to chair the inquiry.

The inquiry will be statutory. This follows representations made by families and victims of the attack and means the Inquiry has all the necessary legal powers to receive evidence and hear witness testimony effectively.

It will take place in 2 phases. The first will thoroughly investigate the circumstances surrounding the attack and the events leading up to it. This will include examining an overall timeline of the perpetrator’s history and interactions with various public bodies including criminal justice, education, social care, and healthcare, as well as decision-making and information-sharing by local services and agencies.

The second is expected to examine the wider issues of children and young people being drawn into extreme violence.

Sir Adrian Fulford will bring an impartial and extensive legal background, particularly on issues relating to policing and the criminal justice system.

He is a retired Lord Justice of Appeal and former judge of the International Criminal Court 2003 to 2012. Previously, he was the Vice-President of the Court of Appeal (Criminal Division) in 2019 and was the first Investigatory Powers Commissioner between 2017 to 2019.

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Published 7 April 2025
MIL OSI United Kingdom –
April 8, 2025
MIL-OSI Security: Ponte Vedra Man Indicted For Conspiracy To Traffic Firearms And Controlled Substances

Source: United States Bureau of Alcohol Tobacco Firearms and Explosives (ATF)

Jacksonville, Florida – United States Attorney Gregory W. Kehoe announces the unsealing of an indictment charging Braden Huston Hobbs (27, Ponte Vedra) with conspiracy to traffic firearms, conspiracy to deal firearms without a license, dealing firearms without a license, making a materially false statement to a licensed firearms dealer, conspiracy to distribute controlled substances—including 500 grams or more of cocaine, and possession of a controlled substance with intent to distribute. If convicted, Hobbs faces a minimum sentence of 5 years, up to 95 years, in federal prison.

According to court documents and proceedings, law enforcement began investigating Hobbs when several firearms he had purchased were recovered during unrelated search warrant executions by law enforcement agencies. These firearms were recovered in the homes of drug distributors and a convicted felon. Additionally, during a series of controlled purchase operations conducted in the summer of 2024, agents purchased 11 firearms from two co-conspirators. Hobbs was the original purchaser of multiple firearms purchased from these two co-conspirators. Cellphone records later showed that at least one of the co-conspirators regularly purchased firearms from Hobbs.

Through further investigation, agents discovered that between March 2022 and June 2024, Hobbs had purchased more than 120 firearms from 3 different federally licensed firearms dealers in Jacksonville, with 67 of those firearms being purchased between January and June 2024. Hobbs then sold those firearms to others. On multiple occasions, Hobbs advertised firearms for sale to potential customers before completing the purchase of the firearms from the federally licensed firearms dealer.

Customers typically paid Hobbs in cash for the firearms or traded drugs for the firearms. Hobbs was aware that some of his customers intended to resell the firearms and were drug users or drug distributors. Furthermore, Hobbs asked his co-conspirators to assist him in finding buyers for the firearms and the co-conspirators advertised Hobbs’s firearms for sale. Although he engaged in the business of dealing firearms, Hobbs is not a federally licensed firearms dealer, as required by federal law.

When Hobbs purchased the firearms from the federally licensed firearms dealers, he indicated on the required ATF Form 4473 that he was the actual buyer or transferee of the firearms. In addition, Hobbs indicated that he was not a user of or addicted to controlled substances. Both statements were false. Hobbs was not the actual buyer or transferee of the firearms, and he was a habitual user of controlled substances.

In addition, Hobbs was distributing controlled substances, including over 500 grams of cocaine and Adderall. He routinely advertised controlled substances for sale and coordinated deals. Hobbs often sold the controlled substances to the same customers to whom he was selling firearms. On June 26, 2024, Hobbs was arrested by the Jacksonville Sheriff’s Office for driving under the influence and trafficking in cocaine. During a search of Hobbs’s car, officers located approximately 330 grams of cocaine and 17 grams of Adderall, as well as various items used to package and distribute controlled substances.

An indictment is merely a formal charge that a defendant has committed one or more violations of federal criminal law, and every defendant is presumed innocent unless, and until, proven guilty.

This case is being investigated by the Bureau of Alcohol, Tobacco, Firearms and Explosives, the Internal Revenue Service – Criminal Investigation, the United States Secret Service, the North Florida HIDTA Tri-County Narcotics Task Force with the Florida Department of Law Enforcement, the St. Johns County Sheriff’s Office, and the Jacksonville Sheriff’s Office. It is being prosecuted by Assistant United States Attorney Elisibeth Adams.

This case is part of Operation Take Back America a nationwide initiative that marshals the full resources of the Department of Justice to repel the invasion of illegal immigration, achieve the total elimination of cartels and transnational criminal organizations (TCOs), and protect our communities from the perpetrators of violent crime. Operation Take Back America streamlines efforts and resources from the Department’s Organized Crime Drug Enforcement Task Forces (OCDETFs) and Project Safe Neighborhood (PSN).

MIL Security OSI –

April 8, 2025
MIL-OSI Africa: Africa’s Strategic Diplomacy Fuels Mining Sector Growth

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

CAPE TOWN, South Africa, April 7, 2025/APO Group/ —

African nations are leveraging strategic partnerships to attract investment and strengthen their mining sectors. As competition between Western and Eastern powers intensifies over critical minerals, Africa has emerged as a key player in global supply chains, balancing geopolitical interests while maximizing economic benefits. With global markets racing to secure resources for the energy transition and the Fourth Industrial Revolution, the upcoming African Mining Week will facilitate collaboration between African governments and international stakeholders.

U.S.–DRC Partnership to Unlock Mineral Wealth

In March 2025, the U.S. State Department reaffirmed (https://apo-opa.co/43JPLr8) its interest in engaging with the Democratic Republic of Congo (DRC) to unlock its estimated $1.2 trillion in untapped mineral resources. Cooperation between the two countries could yield a transformative impact on the sector, with U.S. financing and technical expertise unlocking the potential of the world’s largest cobalt producer and Africa’s largest copper producer. The U.S. has already played an active role in the financing and development of the Lobito Corridor, facilitating mineral transport and trade between the DRC, Angola, Zambia and international markets.

EU Expands Mining, Green Energy Investments

This month, the European Union (EU) pledged €4.7 billion (https://apo-opa.co/42q3265) to South Africa to support raw material value addition, the energy transition, local vaccine manufacturing and green hydrogen production. South Africa, home to the world’s largest deposits of platinum group metals (PGMs), will leverage this funding to enhance PGM production to meet growing demand for electrolysers used in green hydrogen applications. This follows South Africa’s $1 billion green hydrogen partnership with Denmark and the Netherlands established in 2023. Neighboring Namibia has also attracted European investment, with the EU committing €25 million to Namibia Hydrogen Fund Managers in September 2024 to propel the country’s green hydrogen sector. Meanwhile, Uganda is taking steps to develop its mining sector with the support of the EU and Germany’s Federal Ministry for Economic Cooperation and Development, having launched the Sustainable Development of the Mining Sector project earlier this month.

China Strengthens its Position in African Mining

China remains one of the largest investors in African mining, with both state-owned and private firms driving sector growth. In September 2024, China pledged $50 billion over three years for infrastructure and mineral development across the continent. Key projects in the DRC include CMOC’s $2.5 billion expansion of the Tenke Fungurume Mine and Sinohydro and China Railway’s $7 billion infrastructure-for-minerals deal in copper and cobalt mining. China has also invested heavily in Zimbabwe’s lithium sector and pledged $1 billion to upgrade the Tazara Railway, improving East Africa’s mineral exports.

Growing Global Interest in Africa’s Mining Sector

Beyond the U.S., EU and China, countries like Canada, Australia and the UAE are ramping up mining investments in Africa. Canadian firms are expanding their footprint in West Africa’s gold sector, Australian companies are backing lithium and rare earth projects in southern Africa and the UAE is securing stakes in critical mineral supply chains through strategic joint ventures. African Mining Week, taking place October 1-3 in Cape Town, will provide a platform for African nations to engage global investors, strengthen cooperation and accelerate resource development.

MIL OSI Africa –

April 8, 2025
MIL-OSI USA: PHILADELPHIA – Governor Shapiro to Announce Historic Investments in Pennsylvania’s Main Streets at Main Street Now Conference

Source: US State of Pennsylvania

April 07, 2025 – Philadelphia, PA

ADVISORY – PHILADELPHIA – Governor Shapiro to Announce Historic Investments in Pennsylvania’s Main Streets at Main Street Now Conference

Governor Josh Shapiro will deliver opening remarks at the 2025 Main Street Now Conference, where he will announce historic investments in Pennsylvania main streets. This three-day gathering will bring together 1,500 community and neighborhood development professionals, local leaders and volunteers from across the country to share best practices for revitalizing main streets.

In the 2024-25 bipartisan budget, Governor Shapiro secured $20 million for the new Main Street Matters initiative to support main streets, downtown business districts, small businesses, and local communities across Pennsylvania.

WHO:
Governor Josh Shapiro
Secretary Rick Siger, Department of Community and Economic Development

WHEN:
Monday, April 7, 2025, at 10:45 AM

WHERE:
Marian Anderson Hall,
Kimmel Center for the Performing Arts,
300 S. Broad Street,
Philadelphia, PA 19102

LIVE STREAM:
pacast.com/live/gov
governor.pa.gov/live/

RSVP:
Press who are interested in attending must RSVP with the names and numbers of their team to communications@mainstreet.org and ra-gvgovpress@pa.gov.

MIL OSI USA News –

April 8, 2025
MIL-OSI Europe: President Karin Keller-Sutter to attend meeting of EU’s Economic and Financial Affairs Council

Source: Switzerland – Department of Finance

On 11 April 2025, Karin Keller-Sutter, President of the Swiss Confederation, will attend the informal meeting of the EU’s Economic and Financial Affairs Council (ECOFIN) in Warsaw. The purpose of the meeting is to promote European exchanges on international financial and tax issues.

MIL OSI Europe News –

April 8, 2025
MIL-OSI: Red Cat Appoints Shawn Webb as President of FlightWave Aerospace

Source: GlobeNewswire (MIL-OSI)

SANTA MONICA, Calif., April 07, 2025 (GLOBE NEWSWIRE) — Red Cat Holdings, Inc. (Nasdaq: RCAT) (“Red Cat” or the “Company”), a drone technology company integrating robotic hardware and software for military, government, and commercial operations, today announced the appointment of Shawn Webb as President of FlightWave Aerospace Systems Corporation (“FlightWave”), a Red Cat company, effective immediately.

Webb brings more than 25 years of experience leading operational strategy and engineering across commercial and military aerospace sectors. Most recently, he served as Vice President of Operations at AeroVironment Inc., where he led the largest capacity and revenue expansion in the history of the company’s Loitering Munition Systems Business Segment.

Prior to AeroVironment, Webb served as Vice President of Operations at BEGA North America, where he implemented a multi-site continuous improvement strategy that increased on-time delivery rates, reduced lead times, and generated significant cost savings. He also held senior roles at Bombardier Aerospace, where he spearheaded lean manufacturing and site development initiatives for the Learjet 85 program.

“Shawn brings years of operational excellence, leadership, and domain expertise that are invaluable as we scale FlightWave’s manufacturing capacity and ramp up production of the Edge 130 Blue,” said Jeff Thompson, CEO of Red Cat. “His proven track record of driving growth in the highly complex aerospace industry, as well as leading high-performing teams makes him a great addition to the Red Cat family.”

As part of his new role, Shawn will support the ongoing evolution of the Edge 130 into TRICHON™, which will have enhanced capabilities and further strengthen the Arachnid Family of ISR and Precision Strike Systems.

“There are significant opportunities for FlightWave at such a pivotal time in the defense industry where sUAS play an increasing role on the modern battlefield,” said Webb. “Red Cat’s vision for its fully integrated Arachnid Family of Systems for ISR and precision strike capabilities, including the Edge 130, aligns perfectly with my experience scaling aerospace operations and building systems that are critical to the success of our warfighters and global allies.”

Webb holds a B.S. in Business Management from Friends University, with additional coursework in electrical and industrial engineering from Wichita State University. He also holds certifications in Lean Manufacturing, Six Sigma, and Systems Operation. He has led international operations and worked with regulatory agencies including the FAA and DoD.

For more information about Red Cat Holdings, please visit www.redcat.red.

About Red Cat Holdings, Inc.

Red Cat (Nasdaq: RCAT) is a drone technology company integrating robotic hardware and software for military, government, and commercial operations. Through two wholly owned subsidiaries, Teal Drones and FlightWave Aerospace, Red Cat has developed a Family of Systems. This includes the Black Widow™, a small unmanned ISR system that was awarded the U.S. Army’s Short Range Reconnaissance (SRR) Program of Record contract. The Family of Systems also includes TRICHON™, a fixed-wing VTOL for extended endurance and range, and FANG™, the industry’s first line of NDAA-compliant FPV drones optimized for military operations with precision strike capabilities. Learn more at www.redcat.red.

About FlightWave

FlightWave Aerospace Systems Corporation is an industry leading manufacturer of dual-use VTOL drones, sensors and software solutions located in Santa Monica, CA. FlightWave designs and manufactures the Edge 130 VTOL drone and payload cameras for the commercial, defense, security, and intelligence markets. The fully-autonomous Edge 130 sUAS has the best flight endurance in the industry and with AI edge compute capabilities, provides superior aerial data capture to both the commercial and defense markets.

Forward Looking Statements

This press release contains “forward-looking statements” that are subject to substantial risks and uncertainties. All statements, other than statements of historical fact, contained in this press release are forward-looking statements. Forward-looking statements contained in this press release may be identified by the use of words such as “anticipate,” “believe,” “contemplate,” “could,” “estimate,” “expect,” “intend,” “seek,” “may,” “might,” “plan,” “potential,” “predict,” “project,” “target,” “aim,” “should,” “will” “would,” or the negative of these words or other similar expressions, although not all forward-looking statements contain these words. Forward-looking statements are based on Red Cat Holdings, Inc.’s current expectations and are subject to inherent uncertainties, risks and assumptions that are difficult to predict. Further, certain forward-looking statements are based on assumptions as to future events that may not prove to be accurate. These and other risks and uncertainties are described more fully in the section titled “Risk Factors” in the Form 10-K filed with the Securities and Exchange Commission on July 27, 2023. Forward-looking statements contained in this announcement are made as of this date, and Red Cat Holdings, Inc. undertakes no duty to update such information except as required under applicable law.

Contact:

INVESTORS:
E-mail: Investors@redcat.red

NEWS MEDIA:
Phone: (347) 880-2895
Email: peter@indicatemedia.com

The MIL Network –

April 8, 2025
MIL-OSI: 3D Systems Transforming Manufacturing with Application-specific Solutions at RAPID+TCT 2025
Source: GlobeNewswire (MIL-OSI)
- Reduce cost of high mix, low volume manufacturing by multiple orders of magnitude with high-throughput, precision Figure^® 4 135 solution
- Achieve up to 60% improved process efficiency for applications such as jigs and fixtures, tooling, & patterns using a new module for large-format EXT Titan Pellet Extrusion printers
- Deliver easier to cast, complex master patterns more efficiently employing QuickCast^® Diamond™ & PSLA 270
ROCK HILL, S.C., April 07, 2025 (GLOBE NEWSWIRE) — 3D Systems (NYSE: DDD) is unveiling several new solutions designed to change the way industries innovate. At RAPID+TCT 2025, the Company will showcase its Figure 4^® 135 3D printer and Figure 4 Tough 75C FR Black material that form the foundation of its cost-effective additive manufacturing solution for precision, high mix, low volume applications such as motorsports components, furniture hardware, and electrical connectors. Additionally, 3D Systems will debut its first-to-market new module for its EXT Titan Pellet printers which delivers greatly improved process efficiency for a breadth of applications that require machining during post-processing. Furthermore, bolstering its pioneering work in investment casting, 3D Systems is announcing availability of the QuickCast^® Diamond build style, available in 3D Systems’ 3D Sprint^® software, to be used with its PSLA 270 projector-based technology, accelerating time to part-in-hand. The Company’s continued investment in R&D enables this diverse suite of new technologies and reinforces its dedication to empowering its customers to achieve transformative results.

High Throughput, Precision Manufacturing Solution for Plastics Parts
The increasing need for specialized industrial components and the adoption of flexible manufacturing technologies are driving the growth of high mix, low volume (HMLV) production. Traditional manufacturing methods, while effective for high volume production, face significant challenges when applied to HMLV manufacturing such as high costs and long lead times.

To address HMLV manufacturing needs, 3D Systems is introducing the Figure 4 135. Blending advanced material development with the power of its projector-based technology, this 3D printer provides the necessary agility and flexibility to efficiently meet the diverse and fluctuating demands of such manufacturing environments. By applying this solution, manufacturers can eliminate tooling and inventory management and reduce costs by multiple orders of magnitude. With extremely high out-of-the-box precision and very high stability, the Figure 4 135 solution is ideal for manufacturing industries where a process capability index (CpK) of at least 1.33 or above (depending on part geometry and feature size) is required for critical processes. The Figure 4 135 significantly exceeds these standards making it highly reliable for precision applications where a manufacturer is replacing or supplementing injection mold tooling including furniture components such as custom assemblies that require special design considerations for low volume furniture production, medical components requiring biocompatible material and precision, and low volume consumer electronics requiring accuracy and repeatability.

Electrical connectors are another great example of traditionally manufactured plastic parts using injection molding which requires tooling and long lead times. Conversely, additive manufacturing enables direct 3D-printed production-grade precision connectors with high fidelity, high thermal stress resistance, and cost-efficiency at high volumes. When applying the Figure 4 135 solution to this application, manufacturers can potentially save millions of dollars when designing and manufacturing hundreds to thousands of connector SKUs per year.

As part of this particular solution, 3D Systems is introducing Figure 4 Tough 75C FR Black. This tough, flame-retardant material is recognized by UL with a UL94 V0 rating at thin wall thickness (i.e., 0.4mm) and a Relative Thermal Index (RTI) for long-term electrical of 150°C and mechanical use of 130°C. This makes it ideally suited for applications such as appliances, consumer electronics and automotive that require accuracy, heat resistance, durability, flexibility, and electrical safety.

The Figure 4 135 solution — both the printer and material — is available for immediate ordering.

Novel Solution Drives Significant Improvements in Process Efficiency
3D Systems’ EXT Titan Pellet systems are proven for production applications including patterns, molds, tooling, jigs, fixtures, end-use parts, and full-scale prototypes for industries such as foundry, automotive, aerospace and defense, and consumer products. Today, the Company announces a new module that is patent-pending scanning technology available for 3D Systems’ EXT 1070 Titan Pellet and EXT 1270 Titan Pellet printers which delivers greatly improved process efficiency for users.
- Part Solidity Optimization: This new module optimizes the extrusion flow rate in real time, reducing the opportunity for voids to form. The improved solidity reduces post-processing time in machined printed parts by up to 50%.
- Print Bed Mapping: Print bed leveling can be a critical step to avoid print failure when printing large format parts. This module scans the print bed in under 60 seconds and provides a numeric height map from which operators can determine if leveling is necessary and make precise adjustments where needed. This can reduce time spent on a single leveling operation by up to 60% as compared to the previous method of mapping and leveling. For manufacturers who run their printers in production environments, this capability can greatly reduce the amount of manual intervention required, thus mitigating potential risk of error.
This new module will be standard on new EXT Titan Pellet systems equipped with the optional milling spindle toolhead and the hardware can be field installed on existing machines, integrating seamlessly with EXT Titan control software. The module is planned to be available in the third quarter of 2025.

Produce Investment Casting Patterns Faster, with Higher Yield and Lower Cost
Investment casting, a technique integral to the manufacturing of complex, high-reliability components such as aircraft turbine blades, involves pouring molten metal into ceramic molds formed from sacrificial patterns. However, traditional pattern creation is a lengthy and expensive process, often taking weeks and costing tens of thousands of dollars. In the mid-1990s, 3D Systems revolutionized casting pattern production with QuickCast^®, a 3D printing innovation that set the industry standard for high-precision patterns, driving efficiency and cost reduction for manufacturers.

Today, the Company is enhancing the performance of QuickCast, making the QuickCast Diamond build style available with 3D Systems’ PSLA 270. This projector-based Stereolithography (SLA) printer combines high-speed production with exceptional part quality and mechanical stability, rapidly delivering accurate mid-size components. It merges the precision of traditional SLA with the speed and material versatility of Figure 4 technology. When using the QuickCast Diamond build style in 3D Systems’ 3D Sprint^® additive manufacturing software, manufacturers can rapidly design and create structured copies of parts to produce a tree. Employing the QuickCast Diamond build style on the PSLA 270 enables foundries to reliably deliver large, high precision investment casting at a fraction of the time and cost of traditional tooling and with no limitation on geometric complexity.

The QuickCast Diamond build style is immediately available for 3D Systems’ PSLA 270.

“Innovation is in our DNA,” said Dr. Jeffrey Graves, president & CEO, 3D Systems. “Our historic R&D surge in 2024 yielded dozens of polymer and metal products, all driven by a rising demand to address an increasing number of applications using additive manufacturing. Now, we’re commercializing these advancements, such as the Figure 4 135, which dramatically reduces costs and boosts throughput for many high-mix, low-volume applications. These new product introductions underscore our unwavering commitment to delivering application-specific solutions that address our customers’ rapidly evolving needs. I’m looking forward to seeing the positive impact that these newest additions to our portfolio will have on our customers’ businesses.”

Transforming Manufacturing for a Better Future at RAPID+TCT 2025
3D Systems will showcase these innovations alongside its full application-centric solution portfolio in its booth (#3201) at RAPID+TCT 2025 to be held April 8-10 in Detroit, Michigan. Conference participants are also invited to hear from 3D Systems’ executives, application experts, and customers in the following sessions:
- Dr. Jeffrey Graves, president & CEO, 3D Systems will be joined by Patrick Treacy, founder & CEO, Onkos Surgical – Executive Perspectives Keynote Series, April 9, 8:30 a.m. EDT, Main Stage
- Dr. Michael Shepard, vice president, aerospace & defense, 3D Systems & Kevin Finn, engineering manager, Newport News Shipbuilding – Investigating Feasibility of Producing a Nickel Copper Alloy Using Laser Powder Bed Fusion, April 9, 10:30 a.m. EDT
For more information or to schedule a meeting with one of the Company’s application experts, please visit the Company’s website.

Forward-Looking Statements
Certain statements made in this release that are not statements of historical or current facts are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the company to be materially different from historical results or from any future results or projections expressed or implied by such forward-looking statements. In many cases, forward-looking statements can be identified by terms such as “believes,” “belief,” “expects,” “may,” “will,” “estimates,” “intends,” “anticipates” or “plans” or the negative of these terms or other comparable terminology. Forward-looking statements are based upon management’s beliefs, assumptions, and current expectations and may include comments as to the company’s beliefs and expectations as to future events and trends affecting its business and are necessarily subject to uncertainties, many of which are outside the control of the company. The factors described under the headings “Forward-Looking Statements” and “Risk Factors” in the company’s periodic filings with the Securities and Exchange Commission, as well as other factors, could cause actual results to differ materially from those reflected or predicted in forward-looking statements. Although management believes that the expectations reflected in the forward-looking statements are reasonable, forward-looking statements are not, and should not be relied upon as a guarantee of future performance or results, nor will they necessarily prove to be accurate indications of the times at which such performance or results will be achieved. The forward-looking statements included are made only as of the date of the statement. 3D Systems undertakes no obligation to update or review any forward-looking statements made by management or on its behalf, whether as a result of future developments, subsequent events or circumstances or otherwise, except as required by law.

About 3D Systems
More than 35 years ago, Chuck Hull’s curiosity and desire to improve the way products were designed and manufactured gave birth to 3D printing, 3D Systems, and the additive manufacturing industry. Since then, that same spark continues to ignite the 3D Systems team as we work side-by-side with our customers to change the way industries innovate. As a full-service solutions partner, we deliver industry-leading 3D printing technologies, materials and software to high-value markets such as medical and dental; aerospace, space and defense; transportation and motorsports; AI infrastructure; and durable goods. Each application-specific solution is powered by the expertise and passion of our employees who endeavor to achieve our shared goal of Transforming Manufacturing for a Better Future. More information on the company is available at www.3dsystems.com.

Photos accompanying this announcement are available at

https://www.globenewswire.com/NewsRoom/AttachmentNg/058693f3-5d94-4b1b-a3c9-1f1ccc02ae03

https://www.globenewswire.com/NewsRoom/AttachmentNg/6887b0a2-9b19-434e-8bcb-4c3f5c1e8936

https://www.globenewswire.com/NewsRoom/AttachmentNg/df0d5521-98ac-48b3-a227-1693c87bd9f0

https://www.globenewswire.com/NewsRoom/AttachmentNg/685b6703-2b6b-47b9-bbb9-257da680097a

The MIL Network –
April 8, 2025
MIL-OSI: Banzai Announces $20.3 Million Debt Repayment Ahead of Schedule

Source: GlobeNewswire (MIL-OSI)

Fully Satisfies Outstanding Debt Obligations to Key Vendors and Delivers Material Benefit to Net Income and Shareholders’ Equity

SEATTLE, April 07, 2025 (GLOBE NEWSWIRE) — Banzai International, Inc. (NASDAQ: BNZI) (“Banzai” or the “Company”), a leading marketing technology company that provides essential marketing and sales solutions, today announced that it has paid off approximately $20.3 million of outstanding debt obligations in total through the first quarter of 2025.

The Company completed the debt repayment pursuant to the $24.8 million debt payoff and restructuring agreements announced on September 24, 2024. This includes the complete satisfaction of debts owed to Sidley Austin LLP, Cooley LLP, GEM Global Yield LLC SCS, Alco Investment Company, Cantor Fitzgerald, Roth Capital Partners, LLC, and J.V.B. Financial Group, LLC, as well as repayments to Perkins Coie LLP and CP BF Lending, LLC.

“We have executed on our previously announced debt reduction initiatives ahead of schedule to fully satisfy our outstanding obligations to several key vendors and creditors,” said Joe Davy, Founder and CEO of Banzai. “These debt repayments will deliver a material benefit to both net income and shareholders’ equity, reflecting our focus on shoring up the financial strength of the company. The improvement to our balance sheet, in tandem with our acquisition strategy and organic growth initiatives, positions Banzai for substantial fundamental growth in 2025.”

About Banzai

Banzai is a marketing technology company that provides AI-enabled marketing and sales solutions for businesses of all sizes. On a mission to help their customers grow, Banzai enables companies of all sizes to target, engage, and measure both new and existing customers more effectively. Customers who use Banzai’s product suite include Autodesk, Dell Technologies, New York Life, Thermo Fisher Scientific, Thinkific, and ActiveCampaign, among thousands of others. Learn more at www.banzai.io. For investors, please visit https://ir.banzai.io.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements often use words such as “believe,” “may,” “will,” “estimate,” “target,” “continue,” “anticipate,” “intend,” “expect,” “should,” “would,” “propose,” “plan,” “project,” “forecast,” “predict,” “potential,” “seek,” “future,” “outlook,” and similar variations and expressions. Forward-looking statements are those that do not relate strictly to historical or current facts. Examples of forward-looking statements may include, among others, statements regarding Banzai International, Inc.’s (the “Company’s”): future financial, business and operating performance and goals; annualized recurring revenue and customer retention; ongoing, future or ability to maintain or improve its financial position, cash flows, and liquidity and its expected financial needs; potential financing and ability to obtain financing; acquisition strategy and proposed acquisitions and, if completed, their potential success and financial contributions; strategy and strategic goals, including being able to capitalize on opportunities; expectations relating to the Company’s industry, outlook and market trends; total addressable market and serviceable addressable market and related projections; plans, strategies and expectations for retaining existing or acquiring new customers, increasing revenue and executing growth initiatives; and product areas of focus and additional products that may be sold in the future. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Forward-looking statements are not guarantees of future performance, and our actual results of operations, financial condition and liquidity and development of the industry in which the Company operates may differ materially from those made in or suggested by the forward-looking statements. Therefore, investors should not rely on any of these forward-looking statements. Factors that may cause actual results to differ materially include changes in the markets in which the Company operates, customer demand, the financial markets, economic, business and regulatory and other factors, such as the Company’s ability to execute on its strategy. More detailed information about risk factors can be found in the Company’s Annual Report on Form 10-K and the Company’s Quarterly Reports on Form 10-Q under the heading “Risk Factors,” and in other reports filed by the Company, including reports on Form 8-K. The Company does not undertake any duty to update forward-looking statements after the date of this press release.

Investor Relations
Chris Tyson
Executive Vice President
MZ Group – MZ North America
949-491-8235
BNZI@mzgroup.us
www.mzgroup.us

Media
Rachel Meyrowitz
Director, Demand Generation, Banzai
media@banzai.io

The MIL Network –

April 8, 2025
MIL-OSI: Resolutions of Baltic Horizon Fund repeat general meeting
Source: GlobeNewswire (MIL-OSI)

A repeat extraordinary General Meeting of Baltic Horizon Fund unit-holders and Swedish Depositary Receipt (hereinafter the “SDR”) holders (hereinafter together the “Investors”) took place on 7 April 2025 in Tallinn, Estonia.

The repeat meeting was convened as the required quorum was not reached during the initial extraordinary General Meeting on 27 March 2025. In accordance with section 10.11 of the fund rules of Baltic Horizon Fund the repeat General Meeting is permitted to adopt resolutions regardless of the number of votes represented at the meeting, unless otherwise stipulated in the fund rules.

9 Investors were registered as attending to the meeting, holding 47,673,338 Baltic Horizon Fund units/SDRs which represent 33,2% of the total number of votes of the fund.

The agenda of the meeting was to decide on the appointment of the new members of the supervisory board, the remuneration to be paid to them and the removal of the current supervisory board members.

The General Meeting resolved:
1. To elect Andrius Smaliukas as a new member of the supervisory board of Baltic Horizon Fund as of 1 May 2025 for a period of two years;
The MIL Network –
April 8, 2025
MIL-OSI Security: Department of Justice Commemorates 2025 National Crime Victims’ Rights Week
Source: Office of United States Attorneys

DES MOINES, Iowa – The Department of Justice’s Office for Victims of Crime and the United States Attorney’s Office for the Southern District of Iowa join federal, state, and local communities nationwide in observing National Crime Victims’ Rights Week and celebrating victims’ rights, protections, and services. This year’s observance takes place April 6 to 12, 2025, and features the theme, “KINSHIP,” which encourages people to recognize the shared humanity of crime survivors and victims. The 2025 theme is a call to action for all of us—friends, family members, neighbors, colleagues, community leaders, victim service providers, criminal justice practitioners, and health professionals— to pursue these KINSHIP connections that foster the increased access to vital services, rights and healing.

As part of this observance, the Southern District of Iowa recognizes the courage and bravery of victims, and the outstanding work of law enforcement, victim advocates, and community service partners throughout Iowa. Eleven individuals are recognized for outstanding service to victims:

Awards for Excellence in Victim Services
- Scott Crouch, Polk County Sheriff’s Office
- Roberta Cruz, Victim/Witness Liaison at the Polk County Attorney’s Office
- Molly Jansen, Polk County Sheriff’s Office
Law Enforcement Victim Service Awards
- Michael Banfield, Federal Bureau of Investigation
- Luke Eblen, Des Moines Police Department
- Kira Lazenby, Jasper County Sheriff’s Office
- Blake Marshall, Ames Police Department
- Aaron McConnell, Wapello County Sheriff’s Office
- Brook McPherson, Ames Police Department
- Caleb Mitchell, Ottumwa Police Department
- Jeremy Tosh, Ottumwa Police Department
“Everyday across Iowa law enforcement officers, agents and victim service providers offer a bridge between the criminal justice system and the shared humanity of victims and survivors. This KINSHIP is critical not only to the justice system, but more importantly to healing and hope for victims. During this week we are proud to honor all officers and service providers who, often 24 hours a day, are available as a resource and counsel to victims and survivors who bravely participate in the investigation and prosecution of violent offenders. These awards proudly recognize the exceptional efforts of a number of these individuals who provided assistance to federal and state victims in the Southern District of Iowa,” said United States Attorney Richard D. Westphal for the Southern District of Iowa.

The 2025 Award for Excellence in Victim Services recognizes the performance of Investigators Scott Crouch and Molly Jansen. As members of the Polk County Attorney’s Office, both Crouch and Jansen are assigned to the Drug Endangered Children (DEC) program. They aid children involved in criminal investigations and diligently act as a liaison with the children and Health and Human Services (HHS) to assure placements in a safe environment.

The 2025 Award for Excellence in Victim Services recognizes the performance of Roberta Cruz. Cruz is a Victim/Witness liaison with the Polk County Attorney’s Office. Cruz has exhibited supreme dedication in providing a communication bridge between English and Spanish speaking individuals. Her helpful nature and humanity facilitate a valuable connection between victims, witnesses and the criminal justice system.

The 2025 Law Enforcement Victim Service Award recognizes the performance of Federal Bureau of Investigation, Special Agent Michael Banfield, Ames Police Department Sergeant Blake Marshall, and Ames Police Department Detective (former) Brook McPherson for their extraordinary investigation and prosecution of a serial sexual abuser. They showed tremendous compassion, support, and flexibility for the numerous victims and an unrivaled empathy for the shame and trauma the victims continue to endure. The dozens of victims that courageously participated in this investigation were a testament to the tireless effort and established relational kinship that is at the heart of this years’ National Crime Victims’ Rights awards.

The 2025 Law Enforcement Victim Service Award recognizes the performance of Wapello County Sheriff’s Office Detective Aaron McConnell, and Ottumwa Police Department Investigators Caleb Mitchell and Jeremy Tosh in the investigation and prosecution of a violent sexual trafficker. Through caring, listening, and showing empathy, they were able to develop relationships of trust with each of the victims. Their work on this investigation demonstrated their tremendous capacity to nurture relationships with victims in the pursuit of justice and in hopes of leaving the victims better having gone through the criminal-justice system.

The 2025 Law Enforcement Victim Service Award recognizes the performance Des Moines Police Department Investigator Luke Eblen in the investigation and prosecution of a dangerous sex trafficker. Investigator Eblen exemplified fortitude, determination, and a commitment to obtaining justice for victims by overcoming the challenges that arose. His abilities to interact with traumatized victims with respect, honesty and sincere compassion were critical to obtaining a conviction in this case.

The 2025 Law Enforcement Victim Service Award recognizes the performance of Jasper County Sheriff’s Department Sergeant Kira Lazenby and her unwavering commitment to ensuring victims receive immediate and comprehensive support. Sergeant Lazenby has investigated a wide range of victim-related cases, including domestic violence, sexual assault, child abuse, and other violent crimes. She has displayed compassion, diligence, and professionalism in her work, ensuring that victims are heard, supported, and protected throughout the investigative and judicial process. In 2024, without direction, Sergeant Lazenby independently developed and implemented a county-wide victim information system to ensure that every law enforcement officer in Jasper County—across five separate agencies—had a standardized and easily accessible process for providing resources to victims.

President Ronald Reagan proclaimed the first Victims’ Rights Week in 1981, putting crime victims’ rights, needs, and concerns in a prominent spot on the American agenda. He also established the President’s Task Force on Victims of Crime, which laid the groundwork for a national network of services and legal safeguards for crime victims.

For more information on how to create your own public campaigns to raise awareness about crime victims’ rights online and at events throughout the year, please visit: NCVRW 2025.

MIL Security OSI –
April 8, 2025
MIL-OSI: American Rebel Holdings Issues Corporate Update Highlighting Recent Key Milestones and Strategic Growth Initiatives
Source: GlobeNewswire (MIL-OSI)

Forged in Freedom, Fueled by Growth, Focused on the Future

NASHVILLE, TN, April 07, 2025 (GLOBE NEWSWIRE) — American Rebel Holdings, Inc. (NASDAQ: AREB) (“American Rebel” or the “Company”), the creator of American Rebel Beer (americanrebelbeer.com) and a leading provider of safes, personal security, and patriotic lifestyle apparel, today issued a corporate update summarizing several recent developments that have strengthened the Company’s foundation and accelerated its national growth strategy.

CEO Andy Ross commented:

“We’ve accomplished several key goals in the past 10 days alone, and we’re just getting started. From launching our national media marketing campaign to completing an equity-based capital raise, announcing $11.4M in 2024 revenue and engaging new investors, the American Rebel brand is gaining momentum on every front. I believe we are America’s next great success story, and we are committed to doing the right type of financings that fuel our growth over the next several years.

“American Rebel Light Beer, a premium domestic light lager, is seizing a tremendous opportunity in the $110 billion annual beer market. Our rapid growth has exceeded all initial strategic forecasts, driven by patriotic Americans who love the unbeatable combination of great taste and low calories in our beer. With every sip, American beer drinkers enjoy a brew that not only satisfies their palate but also resonates with their core values – values proudly displayed on every can: America’s Patriotic, God Fearing, Constitution Loving, National Anthem Singing, Stand Your Ground Beer.”
- 1. Successful Private Placement by H.C. Wainwright & Co.
American Rebel completed a strategic private placement led by H.C. Wainwright & Co. H.C. Wainwright is a full-service investment bank dedicated to providing corporate finance, strategic advisory and related services to public and private companies across multiple sectors and regions. H.C. Wainwright & Co. is acting as the exclusive placement agent for the offering. The Company intends to use the net proceeds from the offering for working capital and other general corporate purposes.

Read the full release here: https://www.globenewswire.com/news-release/2025/04/04/3056146/0/en/AMERICAN-REBEL-ANNOUNCES-UP-TO-11-MILLION-PRIVATE-PLACEMENT-PRICED-AT-THE-MARKET-UNDER-NASDAQ-RULES.html
- 2. Strategic Media and Investor Relations Push in South Florida
The Company engaged in a series of high-profile investor meetings and media appearances on NBC-TV Channel 5/West Palm Beach and 39 WSFL – Home of the Florida Panthers in South Florida, culminating with a meeting with strategic partners and potential investors at the prestigious Mar-a-Lago Club. These types of media engagements help generate valuable investor interest and media exposure.

Read the full release here: https://www.globenewswire.com/news-release/2025/04/02/3054517/0/en/American-Rebel-CEO-Andy-Ross-to-Appear-on-South-Florida-Television-Morning-Shows-on-NBC-TV-Channel-5-West-Palm-Beach-and-39-WSFL-Home-of-the-Florida-Panthers.html
- 3. FY2024 Revenue Disclosure – $11.4M
In a recently filed Form 12b-25, American Rebel disclosed it expects to report $11.4 million in revenue for fiscal year 2024, to be detailed in its forthcoming Form 10-K.

Read the full filing here: https://www.sec.gov/Archives/edgar/data/1648087/000164117225001980/formnt10-k.htm
- 4. Release of “The American Rebel Story” Video Featuring CEO Andy Ross
American Rebel premiered “The American Rebel Story,” a compelling video featuring CEO Andy Ross narrating the Company’s vision, values, and journey to becoming America’s next great success story.

Read the full release here: https://www.globenewswire.com/news-release/2025/04/03/3055126/0/en/American-Rebel-Holdings-Inc-NASDAQ-AREB-Invites-Patriotic-Investors-Fans-and-Beer-Enthusiasts-to-Celebrate-Freedom-with-a-New-Video-Release-Highlighting-the-American-Rebel-Story.html
- 5. Expansion of Successful Sponsorship with Tony Stewart Racing
American Rebel continues to benefit from its existing sponsorship with Tony Stewart Racing (TSR) as the racing connection has opened many doors and helped establish relationships with new distributors and key accounts. The expansion of the TSR sponsorship will continue to provide immeasurable value to American Rebel as it accelerates its growth initiatives throughout 2025.

Read the full release here: https://www.globenewswire.com/news-release/2025/03/27/3050822/0/en/American-Rebel-Expands-its-Successful-Sponsorship-for-2025-with-Tony-Stewart-Racing-TSR-in-NHRA-Mission-Foods-Drag-Racing-Series.html
- 6. Launch of National Media Marketing Campaign – TV and Digital
American Rebel launched a full-scale national media campaign, including a 30-second commercial airing on major television networks and a coordinated digital campaign to strengthen consumer awareness and drive sales.

Read the full release here: https://www.globenewswire.com/news-release/2025/03/28/3051571/0/en/American-Rebel-Launches-Nationwide-Ad-Campaign-on-March-31-with-30-Second-TV-Spot-Complemented-by-Digital-Media-Across-Leading-Websites-to-Increase-Exposure-of-the-Company-and-its-.html

About American Rebel Holdings, Inc.

American Rebel Holdings, Inc. (NASDAQ: AREB) has operated primarily as a designer, manufacturer and marketer of branded safes and personal security and self-defense products and has recently transitioned into the beverage industry through the introduction of American Rebel Light Beer. Known for its premium quality and bold patriotic spirit, American Rebel Beer exemplifies what it means to celebrate freedom in every sip. The Company also designs and produces branded apparel and accessories. To learn more, visit www.americanrebel.com and www.americanrebelbeer.com. For investor information, visit www.americanrebelbeer.com/investor-relations.

About American Rebel Light Beer

Produced in partnership with AlcSource, American Rebel Light Beer (americanrebelbeer.com) is a premium domestic light lager celebrated for its exceptional quality and patriotic values. It stands out as America’s Patriotic, God-Fearing, Constitution-Loving, National Anthem-Singing, Stand Your Ground Beer.

American Rebel Light is a Premium Domestic Light Lager Beer – All Natural, Crisp, Clean and Bold Taste with a Lighter Feel. With approximately 100 calories, 3.2 carbohydrates, and 4.3% alcoholic content per 12 oz serving, American Rebel Light Beer delivers a lighter option for those who love great beer but prefer a more balanced lifestyle. It’s all natural with no added supplements and importantly does not use corn, rice, or other sweeteners typically found in mass produced beers.

About Tony Stewart Racing (TSR) Nitro

As tenacious as Stewart is in the cockpit of a racecar, he’s proven equally adept at providing cars and equipment for racing’s elite. The three-time NASCAR Cup Series champion can also list 31 owners’ titles to his resume, from NASCAR to USAC to the World of Outlaws Sprint Car Series. In 2023 Stewart earned his 31st owner title when Matt Hagan and the TSR Funny Car team earned the championship on November 11. His team, Tony Stewart Racing, fields a powerhouse lineup in the NHRA Mission Foods Drag Racing Series with Tony in Top Fuel and Matt Hagan in Funny Car. After more than four decades of racing around in circles, Stewart has embarked on a straight and narrow path, albeit at more than 300 mph. For more information on TSR Nitro go to tsrnitro.com.

American Rebel Holdings, Inc.
info@americanrebel.com

American Rebel Beverages, LLC
Todd Porter, President
tporter@americanrebelbeer.com

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. American Rebel Holdings, Inc., (NASDAQ: AREB; AREBW) (the “Company,” “American Rebel,” “we,” “our” or “us”) desires to take advantage of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and is including this cautionary statement in connection with this safe harbor legislation. The words “forecasts” “believe,” “may,” “estimate,” “continue,” “anticipate,” “intend,” “should,” “plan,” “could,” “target,” “potential,” “is likely,” “expect” and similar expressions, as they relate to us, are intended to identify forward-looking statements. We have based these forward-looking statements primarily on our current expectations and projections about future events and financial trends that we believe may affect our financial condition, results of operations, business strategy, and financial needs. Important factors that could cause actual results to differ from those in the forward-looking statements include benefits of marketing outreach efforts, actual placement timing and availability of American Rebel Beer, success and availability of the promotional activities, our ability to effectively execute our business plan, and the Risk Factors contained within our filings with the SEC, including our Annual Report on Form 10-K for the year ended December 31, 2023 and our recent Quarterly Report on Form 10-Q for the quarter ended September 30, 2024. Any forward-looking statement made by us herein speaks only as of the date on which it is made. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. We undertake no obligation to publicly update any forward-looking statements, whether as a result of new information, future developments or otherwise, except as may be required by law.

Company Contact:
info@americanrebel.com

Investor Relations:
ir@americanrebel.com

Media Contact:
Matt Sheldon
Matt@PrecisionPR.co

Attachment
- American Rebel Holdings Inc.
The MIL Network –
April 8, 2025

Category: Finance

Inquiry into the Southport attack begins today

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