NewzIntel.com

Category: Finance

  • MIL-OSI: Oxbridge / SurancePlus to Attend Apex Invest 2025 in Grand Cayman

    Source: GlobeNewswire (MIL-OSI)

    GRAND CAYMAN, Cayman Islands, April 07, 2025 (GLOBE NEWSWIRE) — Oxbridge Re Holdings Limited (Nasdaq: OXBR) (“Oxbridge Re”), together with its subsidiary SurancePlus, is engaged in the tokenization of Real-World Assets (“RWAs”), initially with tokenized reinsurance securities and in providing reinsurance solutions to property and casualty insurers in the Gulf Coast region of the United States. The company today announced its participation in Apex Invest 2025 – Grand Cayman, taking place April 9-11, 2025, at the Hotel Indigo in Grand Cayman.

    Apex Invest 2025 – Grand Cayman

    As a notable investment event in the Caribbean, Apex Invest 2025 brings together over 200 allocators, 100 fund managers and decision-makers from more than 25 countries, including family offices and institutional investors. The summit offers tailored one-on-one meetings, curated matchmaking, networking sessions and content across keynotes, panels and fireside chats.

    Oxbridge and SurancePlus will discuss how they provide access to high-yield investment opportunities backed by real-world assets through the tokenization of reinsurance contracts on the blockchain. These institutional-grade securities open access to a market that has historically been open to only a select few.

    Investors can participate in the SurancePlus offering today, with capital set to deploy into reinsurance contracts starting June 1, 2025. Two tokenized reinsurance investment options are available, each offering a distinct risk-return profile:

    Learn more at SurancePlus.com/invest

    Jay Madhu, CEO of Oxbridge, commented, “We look forward to participating in Apex Invest 2025 right here in our home market of Grand Cayman. This summit fosters the right environment for real conversations and valuable connections with global allocators, family offices and institutional investors. With our SEC-compliant, blockchain-based securities, we are unlocking access to a high-yield asset class that was once limited to a select few.”

    Meet Oxbridge / SurancePlus at Apex Invest 2025 – Grand Cayman

    Investors and potential partners interested in Oxbridge and SurancePlus’ tokenized reinsurance offerings are encouraged to connect with the team during the event. Contact details are provided below.

    Disclaimer: This press release does not constitute an offer to sell nor a solicitation of an offer to buy the EtaCat Re or ZetaCat Re tokenized reinsurance securities (the “Securities”). The Securities are not required to be, and have not been, registered under the United States Securities Act of 1933, as amended, in reliance on the exemptions provided by Regulation S and SEC Rule 506(c) thereunder. Offers and sales of the Securities are made only by, and pursuant to, the terms set forth in the Confidential Private Placement Memorandum relating to the Securities. The offering of the Securities is not being made to persons in any jurisdiction in which the making or acceptance thereof would not be in compliance with the securities, blue sky, or other laws of such jurisdiction.

    About Oxbridge Re Holdings Limited 

    Oxbridge Re Holdings Limited (NASDAQ: OXBR, OXBRW) (“Oxbridge”) is headquartered in the Cayman Islands. The company offers tokenized Real-World Assets (“RWAs”) as tokenized reinsurance securities and reinsurance business solutions to property and casualty insurers, through its wholly owned subsidiaries SurancePlus Inc., Oxbridge Re NS, and Oxbridge Reinsurance Limited.

    Insurance businesses in the Gulf Coast region of the United States purchase property and casualty reinsurance through our licensed reinsurers Oxbridge Reinsurance Limited and Oxbridge Re NS.

    Our Web3-focused subsidiary, SurancePlus Inc. (“SurancePlus”), has developed the first “on-chain” reinsurance RWA of its kind to be sponsored by a subsidiary of a publicly traded company. By digitizing interests in reinsurance contracts as on-chain RWAs, SurancePlus has democratized the availability of reinsurance as an alternative investment to both U.S. and non-U.S. investors. 

    Company Contact:
    Oxbridge Re Holdings Limited
    Jay Madhu, CEO
    +1 345-749-7570
    jmadhu@oxbridgere.com

    Forward-Looking Statements

    This press release may contain forward-looking statements made pursuant to the Private Securities Litigation Reform Act of 1995. Words such as “anticipate,” “estimate,” “expect,” “intend,” “plan,” “project” and other similar words and expressions are intended to signify forward-looking statements. Forward-looking statements are not guarantees of future results and conditions but rather are subject to various risks and uncertainties. A detailed discussion of risks and uncertainties that could cause actual results and events to differ materially from such forward-looking statements is included in the section entitled “Risk Factors” contained in our Form 10-K filed with the Securities and Exchange Commission (“SEC”) on 26th March 2024. The occurrence of any of these risks and uncertainties could have a material adverse effect on the Company’s business, financial condition and results of operations. Any forward-looking statements made in this press release speak only as of the date of this press release and, except as required by law, the Company undertakes no obligation to update any forward-looking statement contained in this press release, even if the Company’s expectations or any related events, conditions or circumstances change.

    The MIL Network –

  • MIL-OSI: CareCloud to Present at the LD Micro Invitational XV

    Source: GlobeNewswire (MIL-OSI)

    SOMERSET, N.J., April 07, 2025 (GLOBE NEWSWIRE) — CareCloud, Inc. (the “Company”) (Nasdaq: CCLD, CCLDO), a leading provider of practice management, healthcare technology and AI-driven solutions to medical practices across the country, is pleased to announce its participation in the 15th Annual LD Micro Invitational at the Westin Grand Central Hotel in New York on April 9-10, 2025. The Company is scheduled to present on April 10, 2025 at 3:30 p.m. ET.

    CareCloud’s management team will deliver a corporate presentation highlighting the Company’s recent developments, innovative solutions, and strategic growth initiatives. Additionally, the team will participate in one-on-one meetings with institutional and individual investors to explore opportunities and discuss CareCloud’s roadmap for continued growth and value creation.

    “We are excited to highlight CareCloud’s recent milestones, including two recent acquisitions, the conversion of our Series A preferred stock, and our significant profitability growth throughout 2024,” said Stephen Snyder, Co-CEO of CareCloud.

    About LD Micro 

    LD Micro, a wholly owned subsidiary of Freedom US Markets, was founded in 2006 with the sole purpose of being an independent resource in the micro-cap space. Through the LD Micro Index and annual investor conferences, LD has served as an invaluable asset to all those interested in discovering the next generation of great companies. For more information on LD Micro, visit www.ldmicro.com.

    About CareCloud 

    CareCloud brings disciplined innovation and generative AI to the business of healthcare. Our suite of technology-enabled solutions helps clients increase financial and operational performance, streamline clinical workflows and improve the patient experience. More than 40,000 providers count on CareCloud to help them improve patient care while reducing administrative burdens and operating costs. Learn more about our products and services including revenue cycle management (RCM), practice management (PM), electronic health records (EHR), business intelligence, patient experience management (PXM) and digital health at www.carecloud.com. 

    Follow CareCloud on LinkedIn, X and Facebook.

    Disclaimer 

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

    Forward-Looking Statements 

    This press release contains various forward-looking statements within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. These statements relate to anticipated future events, future results of operations or future financial performance. In some cases, you can identify forward-looking statements by terminology such as “may,” “might,” “will,” “shall,” “should,” “could”, “intends,” “expects,” “plans,” “goals,” “projects,” “anticipates,” “believes,” “seeks,” “estimates,” “predicts,” “possible,” “potential,” “target,” or “continue” or the negative of these terms or other comparable terminology. 

    Our operations involve risks and uncertainties, many of which are outside our control, and any one of which, or a combination of which, could materially affect our results of operations and whether the forward-looking statements ultimately prove to be correct.

    Forward-looking statements in this press release include, without limitation, statements reflecting management’s expectations for future financial performance and operating expenditures, expected growth, profitability and business outlook, the impact of pandemics on our financial performance and business activities, and the expected results from the integration of our acquisitions. 

    These forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are only predictions, are uncertain and involve substantial known and unknown risks, uncertainties and other factors which may cause our (or our industry’s) actual results, levels of activity or performance to be materially different from any future results, levels of activity or performance expressed or implied by these forward-looking statements. New risks and uncertainties emerge from time to time, and it is not possible for us to predict all of the risks and uncertainties that could have an impact on the forward-looking statements, including without limitation, risks and uncertainties relating to the Company’s ability to manage growth, migrate newly acquired customers and retain new and existing customers, maintain cost-effective global operations, increase operational efficiency and reduce operating costs, predict and properly adjust to changes in reimbursement and other industry regulations and trends, retain the services of key personnel, develop new technologies, upgrade and adapt legacy and acquired technologies to work with evolving industry standards, compete with other companies’ products and services competitive with ours, and other important risks and uncertainties referenced and discussed under the heading titled “Risk Factors” in the Company’s filings with the Securities and Exchange Commission. 

    The statements in this press release are made as of the date of this press release, even if subsequently made available by the Company on its website or otherwise. The Company does not assume any obligations to update the forward-looking statements provided to reflect events that occur or circumstances that exist after the date on which they were made. 

    SOURCE CareCloud 

    Company Contact: 
    Norman Roth 
    Interim Chief Financial Officer and Corporate Controller 
    CareCloud, Inc.
    nroth@carecloud.com 

    Investor Contact:
    Stephen Snyder 
    Co-Chief Executive Officer 
    CareCloud, Inc. 
    ir@carecloud.com

    The MIL Network –

  • MIL-OSI: Diamond Equity Research Initiates Coverage on Almonty Industries, Inc. (TSX: AII) (ASX: AII) (FWB: ALI) (OTCQX: ALMTF)

    Source: GlobeNewswire (MIL-OSI)

    New York, NY, April 07, 2025 (GLOBE NEWSWIRE) — Diamond Equity Research, a leading equity research firm with a focus on small capitalization public companies has initiated coverage of Almonty Industries, Inc. (TSX: AII) (ASX: AII) (FWB: ALI) (OTCQX: ALMTF). The in-depth 49-page initiation report includes detailed information on the Almonty Industries’ business model, services, industry overview, financials, valuation, management profile, and risks. 

    The full research report is available below.

    Almonty Industries Inc. Initiation of Coverage

    Highlights from the report include:

    • Sangdong Mine Potentially Set to Become the World’s Largest Non-Chinese Tungsten Source: Almonty’s flagship Sangdong Mine in South Korea is poised to transform the global tungsten landscape, with projected output exceeding 40% of non-China supply and 5% of global supply by 2027. In our view, Sangdong is not just Almonty’s crown jewel, but also a cornerstone asset for rebuilding Western tungsten supply chains, given its expected 90+ year mine life and strong by-product upside potential from molybdenum.
    • High-Grade Molybdenum Asset Adds Material Upside from Late 2026: Located just below Sangdong’s skarn horizons, the AKM Molybdenum Project adds meaningful diversification. The project has a maiden inferred resource of 21.5 Mt @ 0.26% MoS₂ and is fully permitted within the existing Sangdong mining lease. A $19/lb floor-price offtake agreement with SeAH M&S de-risks the development and ensures predictable cash flows. Production is targeted for late 2026/early 2027, with an anticipated 60-year mine life based on historical government data.
    • Strong and Visible Cash Flow Backed by Long-Term Contracts: Almonty has secured a 15-year offtake agreement with a floor price of US$235 per MTU, equating to approximately US$580 million in guaranteed revenue over the contract life. This agreement, with no price cap, provides exceptional cash flow visibility and allows Almonty to benefit fully from market upside. The contract emphasizes the credibility of Sangdong as a reliable source of high-grade tungsten and reflects deep buyer confidence in Almonty’s long-term delivery capabilities and quality of asset.
    • Resilient Tungsten and Molybdenum Outlook Driven by Structural Supply Shortages and Rising Strategic Demand: Tungsten and molybdenum markets are experiencing sustained upward pricing pressure due to structural supply constraints, geopolitical export restrictions, and robust industrial demand. Tungsten prices have rebounded strongly, with APT reaching near-decade highs. Similarly, molybdenum prices surged to historical peaks ($40/lb in early 2023) due to critically low global inventories and supply disruptions. Given limited substitution possibilities, rising applications in defense, aerospace, infrastructure, and clean energy technologies, we believe these market dynamics could support elevated tungsten and molybdenum prices, benefiting producers like Almonty.
    • Critical Material Status, Export Bans, and NATO Mandates Drive Demand Shift: Tungsten has been designated a critical raw material by the U.S., EU, Australia, Canada, and South Korea due to its high economic importance and supply risk. The U.S. Department of Defense will ban Chinese, Russian, North Korean, and Iranian tungsten for military procurement starting in 2027, while the EU has extended anti-dumping tariffs on Chinese tungsten carbide. Almonty’s Portuguese material is already commanding premiums of over 15% as Western buyers prioritize ESG-aligned sources. China’s own export controls on tungsten and molybdenum, effective February 2025, further restrict global access. In our view, these developments create a powerful structural tailwind for Western-aligned producers like Almonty.
    • Proven Operational Track Record and Industry Trust Anchor the Business Model: Almonty has a 128-year history in tungsten mining and previously sold operations for 21x earnings during the 2007 supply squeeze. Its Panasqueira Mine in Portugal has been producing for over a century, while the Los Santos Mine is scheduled to restart in 2026. Management has consistently met all development milestones, raised AUD 18.45 million in 2024, and continues to co-invest alongside shareholders. We view this track record as a major differentiator, supporting the company’s ability to win contracts, secure financing, and execute on scale.
    • Valuation: Almonty Inc. presents a unique investment opportunity, offering exposure to a portfolio of high-grade tungsten and molybdenum assets with clear near-term production visibility. Key upcoming milestones, including the commencement of production at the Sangdong tungsten and molybdenum projects, downstream processing initiatives, and the Panasqueira expansion opportunity, are expected to potentially drive meaningful growth in revenues and profitability. Furthermore, the company operates in a low-risk, transparent jurisdiction and has secured long-term offtake agreements with global partners, providing additional stability and cash flow visibility. We have applied a Net Present Value (NPV) valuation using a Discounted Cash Flow (DCF) approach, incorporating expected production volumes, life-of-mine estimates, throughput capacities, ore grades, recovery rates, and commodity price forecasts. Using an 8% discount rate, we arrive at a valuation of C$4.00 per share, contingent on successful execution by the company.

    About Almonty Industries, Inc.  

    Almonty Industries Inc. is a global leader in tungsten mining, with strategically positioned assets in geopolitically stable regions including South Korea, Portugal, and Spain. The company is set to become the largest tungsten producer outside China upon the commissioning of its flagship Sangdong Mine. 

    About Diamond Equity Research

    Diamond Equity Research is a leading equity research and corporate access firm focused on small capitalization companies. Diamond Equity Research is an approved sell-side provider on major institutional investor platforms.

    For more information, visit https://www.diamondequityresearch.com.

    Disclosures:

    Diamond Equity Research LLC is being compensated by Almonty Industries, Inc. for producing research materials regarding Almonty Industries, Inc. and its securities, which is meant to subsidize the high cost of creating the report and monitoring the security, however the views in the report reflect that of Diamond Equity Research. All payments are received upfront and are billed for research engagement. As of 04/07/25 the issuer had paid us $50,000 for our company sponsored research services, which commenced 03/07/2025 and is billed annually. Diamond Equity Research LLC may be compensated for non-research related services, including presenting at Diamond Equity Research investment conferences, press releases and other additional services. The non-research related service cost is dependent on the company, but usually do not exceed $5,000. The issuer has not paid us for non-research related services as of 04/07/2025. Issuers are not required to engage us for these additional services. Additional fees may have accrued since then. Although Diamond Equity Research company sponsored reports are based on publicly available information and although no investment recommendations are made within our company sponsored research reports, given the small capitalization nature of the companies we cover we have adopted an internal trading procedure around the public companies by whom we are engaged, with investors able to find such policy on our website public disclosures page. This report and press release do not consider individual circumstances and does not take into consideration individual investor preferences. Statements within this report may constitute forward-looking statements, these statements involve many risk factors and general uncertainties around the business, industry, and macroeconomic environment. Investors need to be aware of the high degree of risk in small capitalization equities, including the complete loss of their investment. This report does not explicitly or implicitly affirm that the information contained within this document is accurate and/or comprehensive, and as such should not be relied on in such a capacity. All information contained within this report is subject to change without any formal or other notice provided. Investors can find various risk factors in the initiation report and in the respective financial filings for Almonty Industries, Inc. Please review initiation report attached for full disclosure page.  

    Contact:
    Diamond Equity Research
    research@diamondequityresearch.com

    Attachment

    The MIL Network –

  • MIL-OSI: reAlpha Tech Corp. Announces Exercise of Warrants for $3.1 Million Gross Proceeds

    Source: GlobeNewswire (MIL-OSI)

    DUBLIN, Ohio, April 07, 2025 (GLOBE NEWSWIRE) — reAlpha Tech Corp. (Nasdaq: AIRE) (the “Company” or “reAlpha”), a real estate technology company developing and commercializing artificial intelligence (“AI”) technologies, today announced the entry into definitive agreements for the immediate exercise of certain outstanding warrants to purchase up to an aggregate of 4,218,751 shares of common stock of the Company originally issued in November 2023, having an exercise price of $1.44 per share, at a reduced exercise price of $0.75 per share. The shares of common stock issuable upon exercise of the warrants are registered pursuant to an effective registration statement on Form S-3 (No. 333-284234). The gross proceeds to the Company from the exercise of the warrants are expected to be approximately $3.1 million, prior to deducting placement agent fees and estimated offering expenses.

    H.C. Wainwright & Co. is acting as the exclusive placement agent for the offering.

    In consideration for the immediate exercise of the warrants for cash, the Company will issue new unregistered warrants to purchase up to 8,437,502 shares of common stock. The new warrants will have an exercise price of $0.75 per share, will be exercisable beginning on the effective date of stockholder approval of the issuance of the shares issuable upon exercise of the new warrants and will expire on November 24, 2028.

    The offering is expected to close on or about April 8, 2025, subject to satisfaction of customary closing conditions. The Company intends to use the net proceeds from the offering for general working capital purposes.

    The new warrants described above were offered in a private placement pursuant to an applicable exemption from the registration requirements of the Securities Act of 1933, as amended (the “1933 Act”) and, along with the shares of common stock issuable upon their exercise, have not been registered under the 1933 Act, and may not be offered or sold in the United States absent registration with the Securities and Exchange Commission (“SEC”) or an applicable exemption from such registration requirements. The Company has agreed to file a registration statement with the SEC covering the resale of the shares of common stock issuable upon exercise of the new warrants.

    In connection with the offering, the Company is reducing the exercise price for all outstanding November 2023 warrants to purchase 8,333,333 shares of common stock, including the November 2023 warrants to purchase up to 4,218,751 shares of common stock referred to above, such that all outstanding November 2023 warrants have a reduced exercise price of $0.75 per share.

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

    About reAlpha Tech Corp.

    reAlpha Tech Corp. (Nasdaq: AIRE) is a real estate technology company developing an end-to-end commission-free homebuying platform. Utilizing the power of AI and an acquisition-led growth strategy, reAlpha’s goal is to offer a more affordable, streamlined experience for those on the journey to homeownership. For more information, visit www.realpha.com.

    Forward-Looking Statements

    The information in this press release includes “forward-looking statements.” Any statements other than statements of historical fact contained herein, including statements as to the completion of the offering, the satisfaction of customary closing conditions related to the offering, the receipt of stockholder approval and the intended use of net proceeds from the offering, are forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as “may”, “should”, “could”, “might”, “plan”, “possible”, “project”, “strive”, “budget”, “forecast”, “expect”, “intend”, “will”, “estimate”, “anticipate”, “believe”, “predict”, “potential” or “continue”, or the negatives of these terms or variations of them or similar terminology. Factors that may cause actual results to differ materially from current expectations include, but are not limited to: reAlpha’s ability to pay contractual obligations; reAlpha’s liquidity, operating performance, cash flow and ability to secure adequate financing; reAlpha’s limited operating history and that reAlpha has not yet fully developed its AI-based technologies; whether reAlpha’s technology and products will be accepted and adopted by its customers and intended users; reAlpha’s ability to commercialize its developing AI-based technologies; reAlpha’s ability to successfully enter new geographic markets; reAlpha’s ability to integrate the business of its acquired companies into its existing business and the anticipated demand for such acquired companies’ services; reAlpha’s ability to scale its operational capabilities to expand into additional geographic markets and nationally; the potential loss of key employees of reAlpha and of its subsidiaries; the outcome of certain outstanding legal proceedings against reAlpha; reAlpha’s ability to obtain, and maintain, the required licenses to operate in the U.S. states in which it, or its subsidiaries, operate in, or intend to operate in; reAlpha’s ability to successfully identify and acquire companies that are complementary to its business model; reAlpha’s ability to commercialize its developing AI-based technologies; the inability to maintain and strengthen reAlpha’s brand and reputation; any accidents or incidents involving cybersecurity breaches and incidents; the inability to accurately forecast demand for short-term rentals and AI-based real estate-focused products; the inability to execute business objectives and growth strategies successfully or sustain reAlpha’s growth; the inability of reAlpha’s customers to pay for reAlpha’s services; the inability of reAlpha to obtain additional financing or access the capital markets to fund its ongoing operations on acceptable terms and conditions; the outcome of any legal proceedings that might be instituted against reAlpha; changes in applicable laws or regulations, and the impact of the regulatory environment and complexities with compliance related to such environment; and other risks and uncertainties indicated in reAlpha’s SEC filings. Forward-looking statements are based on the opinions and estimates of management at the date the statements are made and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking statements. Although reAlpha believes that the expectations reflected in the forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. reAlpha’s future results, level of activity, performance or achievements may differ materially from those contemplated, expressed or implied by the forward-looking statements, and there is no representation that the actual results achieved will be the same, in whole or in part, as those set out in the forward-looking statements. For more information about the factors that could cause such differences, please refer to reAlpha’s filings with the SEC. Readers are cautioned not to put undue reliance on forward-looking statements, and reAlpha does not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

    Investor Relations Contact:

    Adele Carey, VP of Investor Relations
    investorrelations@realpha.com

    Media Contact:

    Fatema Bhabrawala, Director of Public Relations
    fbhabrawala@allianceadvisors.com

    The MIL Network –

  • MIL-OSI: P10 Completes Acquisition of Qualitas Funds, a Leading European Lower-Middle Market Alternative Investment Solutions Provider

    Source: GlobeNewswire (MIL-OSI)

    DALLAS, April 07, 2025 (GLOBE NEWSWIRE) — P10, Inc. (NYSE: PX) (“P10” or the “Company”), a leading private markets solutions provider, today announced it has completed its previously announced acquisition of Qualitas Equity Funds SGEIC, S.A. (“Qualitas Funds”) for an initial purchase price of $63 million, with the potential for additional earnout consideration.

    Qualitas Funds is a Madrid-based private equity investing platform that provides fund-of-funds, direct co-investing and NAV financing opportunities in the European lower-middle market to more than 1,300 limited partners across the ultra-high-net-worth (UHNW), family office, and institutional channels. The firm has approximately $1 billion in fee-paying assets under management (FPAUM) and a strong expected growth trajectory. The firm was founded in 2015 by co-founders and co-managing partners, Eric Halverson and Sergio Garcia.

    “Today, P10 significantly expands our global presence through closing the acquisition of Qualitas Funds,” said Luke Sarsfield, P10 Chairman and Chief Executive Officer. “Eric, Sergio, and the entire Qualitas Funds team have established a strong track record of performance that is complementary to P10’s platform, and we are excited to build upon this foundation as we expand into Europe. I look forward to integrating our client-centric cultures, as we work together to unlock access-constrained investment opportunities in the middle and lower-middle markets for our global client base.”

    “After working alongside P10’s strategy leaders for over a decade, we are pleased to officially become a part of this best-in-class firm,” said Halverson and García. “We look forward to collaborating with the P10 team and positively contributing to the platform’s international expansion. P10’s deep private markets expertise will accelerate our progress as we seek to launch additional strategies and vehicles that can provide our clients attractive exposure to the global middle and lower-middle markets.”

    About P10
    P10 is a leading multi-asset class private markets solutions provider in the alternative asset management industry. P10’s mission is to provide its investors differentiated access to a broad set of investment solutions that address their diverse investment needs within private markets. As of December 31, 2024, P10’s products have a global investor base of more than 3,800 investors across 50 states, 60 countries, and six continents, which includes some of the world’s largest pension funds, endowments, foundations, corporate pensions, and financial institutions. Visit www.p10alts.com.

    About Qualitas Funds
    Qualitas Funds is a Madrid-based private markets investing platform that provides fund-of-funds and direct co-investing opportunities in the lower-middle market to more than 1,300 limited partners across the UHNW, family office, and institutional channels. As of December 31, 2024, the firm has approximately $1 billion in fee-paying assets under management. Visit www.qualitasfunds.com.

    P10 Investor Contact:
    info@p10alts.com

    P10 Media Contact:
    Josh Clarkson
    Taylor Donahue
    jclarkson@prosek.com

    Forward-Looking Statements
    Some of the statements in this release may constitute “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934 and the Private Securities Litigation Reform Act of 1995. Words such as “will,” “expect,” “believe,” “estimate,” “continue,” “anticipate,” “intend,” “plan” and similar expressions are intended to identify these forward-looking statements. Forward-looking statements discuss management’s current expectations and projections relating to our financial position, results of operations, plans, objectives, future performance, and business. The inclusion of any forward-looking information in this release should not be regarded as a representation that the future plans, estimates, or expectations contemplated will be achieved. Forward-looking statements reflect management’s current plans, estimates, and expectations, and are inherently uncertain. All forward-looking statements are subject to known and unknown risks, uncertainties, assumptions and other important factors that may cause actual results to be materially different; global and domestic market and business conditions; successful execution of business and growth strategies and regulatory factors relevant to our business; changes in our tax status; our ability to maintain our fee structure; our ability to attract and retain key employees; our ability to manage our obligations under our debt agreements; our ability to make acquisitions and successfully integrate the businesses we acquire; assumptions relating to our operations, financial results, financial condition, business prospects and growth strategy; and our ability to manage the effects of events outside of our control. The foregoing list of factors is not exhaustive. For more information regarding these risks and uncertainties as well as additional risks that we face, you should refer to the “Risk Factors” included in our annual report on Form 10-K for the year ended December 31, 2024, filed with the U.S. Securities and Exchange Commission (“SEC”) on February 28, 2025, and in our subsequent reports filed from time to time with the SEC. The forward-looking statements included in this release are made only as of the date hereof. We undertake no obligation to update or revise any forward-looking statement as a result of new information or future events, except as otherwise required by law.

    Key Financial & Operating Metrics
    Fee-paying assets under management reflects the assets from which we earn management and advisory fees. Our vehicles typically earn management and advisory fees based on committed capital, and in certain cases, net invested capital, depending on the fee terms. Management and advisory fees based on committed capital are not affected by market appreciation or depreciation.

    The MIL Network –

  • MIL-OSI: Top 10 New Tokens on MEXC Average 4,770% Growth in March

    Source: GlobeNewswire (MIL-OSI)

    VICTORIA, Seychelles, April 07, 2025 (GLOBE NEWSWIRE) — MEXC, a leading global cryptocurrency exchange, has released the latest information on the performance of trading operations on the platform, highlighting new milestones and delivering invaluable insights into overall market trends. The dynamics of the BSC ecosystem and specific actions taken by MEXC have allowed average prices on top tokens to excel by thousands of percent, and user numbers to swell, underscoring the importance of new instruments and sectors on general market traction.

    Key Takeaways:

    • MEXC listed 129 new tokens in March, 42 of them hosted by the BSC ecosystem;
    • Average price of the top 5 trending tokens on BSC overstepped by 3,760%;
    • Top 10 new tokens achieved an average pricing of 4,770% in March, up fourfold from January and February;
    • MEXC introduced the 0% trading fees for SOL, HYPE, AAVE, and AIXBT, boosting user numbers by 17.8% month-over-month, and trading volume by 170%.
    • Among the top 10 new tokens in March, meme tokens made up half of March’s top 10 spots defying the recent downturn in the sector.

    MEXC started March with news of listing 129 new tokens, 42 of which were hosted on the BSC ecosystem. The given number accounts for 32.6% of overall trading, highlighting the importance of the BSC for MEXC and the degree of the exchange’s penetration and integration with the ecosystem. Total spot trading for new tokens accounted for 50.8%, rising by 30.1% month-over-month. Overall trading volume spiked by 56.6%, up by 63.5% compared to February. These dynamics indicate that users are resorting to MEXC as a preferred venue for trading BSC-hosted tokens.

    The BSC ecosystem took a leading role in the surge, with top 5 trending tokens reaching an average price increase of 3,760%. The uptrend was driven by MUBARAK, BUBB, and TUT, with 10,900%, 4,168%, and 2,000%, respectively. At the same time, the top 10 new tokens showcased an average price increase of 4,770%, up from 1,174% for the same token category in January and February. MEME tokens took up half of the leaders’ pedestal, with assets from the Infra, AI, and DePIN sectors taking up the remaining spots.

    MEXC confirmed its position as a leader across multiple sectors of crypto asset trading, further solidifying its commitment to trading excellence by introducing the 0% Trading Fees Campaign. The action encompassed such pairs as SOL/USDT, HYPE/USDT, AAVE/USDT, and AIXBT/USDT. The campaign has already proven its effectiveness, with the number of traders of zero-fee pairs growing by 17.8% month-over-month, contributing to an overall 170.2% increase in trading volume. SOL/USDT trading pair led with an 186% increase in daily average trading volume and a 209% rise in market share (from 9.8% to 30.3%). RAY/USDT followed with a 27.8% share, while HBAR/USDT and HYPE/USDT rose by 115% and 165%, reaching 18.8% and 13.3% market share, respectively.

    The general downturn in the crypto market throughout March of 2025 did not hinder MEXC from continuing to solidify its position as a leader in terms of trading volume growth. The exchange is taking a significant role in the ongoing expansion of the BSC ecosystem, which contributes new tokens to traders. MEXC is committed to remaining a market leader and delivering world-class service to traders at low trading costs with a broad array of innovations and lucrative trading opportunities.

    About MEXC

    Founded in 2018, MEXC is committed to being “Your Easiest Way to Crypto.” Serving over 34 million users across 170+ countries, MEXC is known for its broad selection of trending tokens, everyday airdrop opportunities, and low trading fees. Our user-friendly platform is designed to support both new traders and experienced investors, offering secure and efficient access to digital assets. MEXC prioritizes simplicity and innovation, making crypto trading more accessible and rewarding.

    MEXC Official Website｜ X ｜ Telegram ｜How to Sign Up on MEXC

    For media inquiries, please contact MEXC PR Manager Lucia Hu: lucia.hu@mexc.com

    Source

    Disclaimer: This press release is provided by MEXC. The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. 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.

    A photo accompanying this announcement is available at:
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    The MIL Network –

  • MIL-OSI Africa: Budget 2025 vital for economic growth and poverty alleviation

    Source: South Africa News Agency

    In his weekly newsletter, President Cyril Ramaphosa has emphasised the crucial role of the 2025 Fiscal Framework and Revenue Proposals, which were recently passed by Parliament, in driving economic growth and relieving the effects of poverty.

    The budget – tabled by Finance Minister Enoch Godongwana in Parliament last month – was passed by Parliament last week.

    “The 2025 Budget is directed at growing the economy and supporting the livelihoods of our people.

    “It is a critical instrument to drive development, eradicate poverty and narrow inequality. At a time of constrained economic growth and narrow fiscal space, the budget must direct sufficient resources to activities that encourage inclusive growth and lay the groundwork for sustained economic recovery.

    “It reflects the strategic priorities of the Government of National Unity: inclusive growth and job creation, reducing poverty and tackling the high cost of living and building a capable, ethical and developmental state,” he said.

    Uplifting the nation

    The budget has a strong focus on the social wage with 61% of resources directed at, amongst others, healthcare, education, housing and social grants.

    “Over the past 24 years we have implemented an indigent policy under which free water, electricity and sanitation services are provided to qualifying households.

    “Social grants, like the childcare, old age and disability grants, are another tool for alleviating poverty. This year, the value of these grants will increase at above inflation. The Social Relief of Distress grant, which has played an important role in poverty alleviation, will also be extended for another year,” President Ramaphosa said.

    As part of improving access to healthcare, the President said there will be a higher allocation of funding to clinics and community health centres. 

    He said government is investing in the recruitment and retention of health personnel, particularly doctors and nurses, and to employ newly qualified doctors after their community service ends. 

    The budget also allocates substantial funding to “other frontline services such as teachers, police, emergency personnel and the Border Management Authority”.

    “Improving educational outcomes is key to community upliftment, development and producing the skills needed by our economy. Budgetary allocations have been made to support teacher training, for expanded mother-tongue bilingual education and for early reading programmes. 

    “This year sees a substantial investment in early childhood development, reflecting our commitment to establishing a solid foundation for the development of every child,” the President added.

    Funding for public employment programmes and to support small businesses has also been allocated.

    Driving growth

    President Ramaphosa noted sustaining expenditure on the social wage requires “higher levels of economic growth”.

    “The budget allocates considerable resources to encourage infrastructure development, which drives growth and job creation.

    “Taken together, up to R1 trillion will be spent on infrastructure over the medium term. This includes the allocation in this budget of an additional R62 billion over the next three years for road maintenance, electricity transmission lines, water and sanitation projects, school infrastructure and to support the ongoing recovery of our rail networks.

    “Support is also provided to other growth enhancing measures in the medium term, including incentive programmes in automotive, business process outsourcing, special economic zones, electric vehicle production, clothing and textiles, and other sectors,” he said.

    South Africa’s municipalities will also receive adjusted budget allocations to help them address infrastructure needs and improve service delivery.

    “In a challenging economic environment – both locally and globally – this year’s budget supports measures to drive growth and relieve the effects of poverty. At the same time, it aims to stabilise public finances and continue to reduce our national debt.

    “The budget reflects the priorities of Government’s Medium Term Development Plan, a five-year programme of action that prioritises rapid, inclusive growth, creating a more just society and building state capacity.

    “At a time when our singular focus must be the South African people, we need to use the limited resources we have to work together for the common good,” President Ramaphosa concluded. – SAnews.gov.za

    MIL OSI Africa –

  • MIL-OSI Africa: KZN government calls for deeper collaboration with Black business

    Source: South Africa News Agency

    KwaZulu-Natal Premier Thamsanqa Ntuli has called for deeper collaboration between government and Black business.

    Ntuli made the call at the Diamond Jubilee Celebration of the National Federated Chamber of Commerce and Industry (NAFCOC) held at Inkosi Albert Luthuli International Convention Centre on Friday.

    The event reflected on six decades of dedicated work toward the economic empowerment of African businesses and ongoing economic transformation.

    In his address, the Premier hailed the organisation’s historic and ongoing role in empowering Black entrepreneurs and advancing inclusive economic transformation across South Africa.

    “For over six decades, NAFCOC has been the enduring voice of Black business, even during the darkest days of apartheid. Today, we recognise the many men and women who, with NAFCOC’s support, have broken through barriers, and now play influential roles across both public and private sectors,” Ntuli said.

    The high profile event was attended by President Cyril Ramaphosa, His Majesty King Misuzulu kaZwelithini, national and provincial government leaders, business stakeholders, and NAFCOC executives.

    Ntuli described the NAFCOC Diamond Jubilee as “a celebration of resilience, vision and the power of unity”.

    He congratulated the organisation and called for continued joint action in building an inclusive and prosperous KwaZulu-Natal.

    The Premier used the occasion to reflect on NAFCOC’s legacy, while looking forward to a new era of economic partnership and shared growth.

    Ntuli outlined a bold five-year plan for the province, focused on rebuilding the economy; strengthening governance; advancing sustainable development; improving healthcare, education, and infrastructure; promoting community safety; mitigating climate change, and building a capable and ethical State.

    Ntuli invited NAFCOC to be a central partner in driving this agenda.

    “We cannot succeed without business playing its part. Our job as government is to clear bottlenecks and unlock opportunities, particularly in the township and rural economies, which are critical to achieving true economic freedom,” Ntuli said.

    Ntuli also announced a renewed push to attract investment and accelerate industrialisation through the Special Economic Zones in Richards Bay and at the Dube Trade Port.

    He said a revised Provincial Integrated Trade and Investment Strategy will guide this work, alongside stronger air connectivity and expanded tourism and export markets.

    The Premier also commended recent efforts by the South African Police Service, led by Provincial Commissioner Lieutenant General Nhlanhla Mkhwanazi, to clamp down on organised crime.

    “A safe province is essential for a thriving economy,” he said, pledging an improved coordination between law enforcement and business stakeholders.

    The celebration also included a keynote memorial lecture in honour of NAFCOC founding leader Dr Sam Motsuenyane, delivered by African National Congress Treasurer General, Dr Gwen Ramokgopa. – SAnews.gov.za

    MIL OSI Africa –

  • MIL-OSI Australia: Arrests – Stolen motor vehicles – Darwin

    Source: Northern Territory Police and Fire Services

    The Northern Territory Police Force has made multiple arrests in relation to multiple vehicles stolen overnight across the Top End.

    On Thursday 3 April, police received reports that a white Toyota Hilux had been stolen from Farrar. On Friday 4 April, police intel identified the Hilux had travelled to the Daly region and was returning to Darwin.

    Around 12:25am this morning, the Joint Emergency Services Communication Centre (JESCC) received reports of a black 4WD driving dangerously in Parap with up to six youths inside.

    Around 2:25am a yellow Toyota Stout utility vehicle was reported stolen from a residence in Jingili. It was recovered by police later in the evening after it was found abandoned in Palmerston.

    About an hour later, police received reports of suspicious vehicles driving in both the Roseberry and Woodroffe areas. Two vehicles were subsequently found abandoned and confirmed as stolen earlier in the evening from residences in Roseberry and Driver.

    Around 4:20am, the white Toyota Hilux was sighted by police on Batchelor Road travelling with the black 4WD and a silver Toyota.

    Police initiated a pursuit after the vehicles failed to stop, during which offenders allegedly threw items from the stolen vehicles at police. One police vehicle sustained a broken windscreen, and a police officer inside at the time later required medical treatment to remove glass from their eye.

    The pursuit continued onto Coach Road heading towards Adelaide River, where the silver Toyota was abandoned. It was later confirmed as stolen earlier from Bakewell.

    The white Toyota Hilux was also abandoned in Adelaide River, and two adults and one youth were arrested.

    Police continued pursuing the black 4WD until it ran out of fuel in Daly River. Six youths aged 12, 13, 14, 14, 15 and 15, and one adult were taken into custody by Strike Force Trident and Dog Operations Unit members, with Patrol Dog Cheeko being crucial in the apprehensions.

    An additional stolen motor vehicle was also located, believed to be related to an aggravated robbery that occurred in early March. A 13-year-old female and an adult male were taken into custody in relation to this incident.

    At this stage, all known stolen motor vehicles have been recovered by police. Investigations remain ongoing and charges are expected to follow.

    Detective Senior Sergeant Darren Burns said, “This was an incredibly frustrating night for police.

    “The actions of the offenders involved in this crime series were disgraceful, and it is nothing other than pure luck that no one was seriously hurt, or worse.

    “I commend the excellent work by all police involved in bringing the offenders into custody, ensuring no further harm to the community could occur.”

    Police continue to urge anyone who witnesses crime or antisocial behaviour to contact police on 131 444. In an emergency dial 000. Anonymous reports can also be made through Crime Stoppers on 1800 333 000 or via https://crimestoppersnt.com.au/.

    MIL OSI News –

  • MIL-OSI Australia: Call for information – Crime series – Lajamanu

    Source: Northern Territory Police and Fire Services

    The Northern Territory Police Force is calling for information in relation to a crime series that occurred in Lajamanu overnight.

    Around 9:10pm yesterday evening, police received reports of multiple armed youths throwing rocks and hitting buildings with bars at a worker’s camp in Lajamanu.

    Across the next few hours, the youths returned multiple times, allegedly unlawfully entering compound buildings and causing damage, each time fleeing prior to police arrival.

    Around 5am this morning, police were notified that several male youths had entered the yard of the clinic and stolen an ambulance, which they used to ram through the compound gates and flee the area. The clinic had also allegedly been burgled prior to the ambulance being stolen.

    It is alleged there were several youths in the ambulance when it left Lajamanu, and additional youths were subsequently picked up as it travelled through Kalkarindji.

    The stolen ambulance travelled across the Western Australian border, where it allegedly rammed two WA Police vehicles in Halls Creek. Fortunately, no WA Police member was injured, but the police vehicles did sustain damage.

    The ambulance was subsequently located abandoned in Halls Creek, and five youths are currently in WA Police custody.

    Investigations remain ongoing and police urge anyone with information to contact police on 131 444 or attend your local police station. Anonymous reports can also be made through Crime Stoppers on 1800 333 000 or via https://crimestoppersnt.com.au/.

    MIL OSI News –

  • MIL-OSI Africa: Top African Projects Driving the Mining-Energy Nexus

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

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

    Mining represents one of the most energy-intensive industries globally. As African nations ramp up mineral extraction to drive economic growth, mining projects and stakeholders are increasingly investing in energy infrastructure to sustain operations and meet rising production targets. Amid efforts to improve grid stability, the upcoming African Mining Week conference will highlight the continent’s investment opportunities emerging from the mining-energy nexus.

    Northam Bolsters Power Supply for South African Mines

    In February 2025, mining firm Northam signed a power purchase agreement (PPA) for 140 MW of wind power to support its platinum group metals operations in Limpopo. This deal follows an earlier PPA signed in October 2024 for an 80 MW solar power facility to supply the company’s Zondereinde mine, aimed at driving South Africa’s expansion of its PGMs sector. These agreements are part of Northam’s broader strategy to enhance energy security and sustainability while reducing its carbon footprint in alignment with national renewable energy goals.

    Richards Bay Minerals Expands PPA Portfolio

    Richards Bay Minerals, a subsidiary of mining multinational Rio Tinto, signed its third PPA with Red Rocket in February 2025, securing 230 MW of electricity from Red Rocket’s 380 MW Overberg Wind Farm. This agreement increases the company’s total contracted renewable energy supply to 500 MW and supports Rio Tinto’s commitment to reducing emissions by 50% by 2030. Richards Bay Minerals also taps into energy from the 130 MW Bolobedu solar PV plant and 140 MW Khangela Emoyeni wind farm.

    Further Investments in Renewables for Mining

    Other mining companies across Africa are driving large-scale energy projects to secure a stable power supply. In South Africa, Ivanhoe Mines completed a 5 MW solar facility in Q1 2025 to support its Platreef PGM mine, while Impala Platinum signed a five-year PPA with Discovery Green to supply wheeled renewable energy to its Impala Refineries operation. Meanwhile, commodities firm Trafigura is developing a 2 GW initiative to power Angolan mines, and First Quantum is set to commission a 430 MW project in Zambia in 2025. Tronox Holdings plans to roll out 400 MW of energy projects in South Africa by 2027 and Chinese mining company CMOC is preparing a 200 MW energy project in the DRC, set for commissioning by 2028.

    As these investments unfold, African Mining Week will showcase key milestones in energy security for the sector, highlighting lucrative opportunities within Africa’s independent power markets. The event will emphasize the growing demand for stable, sustainable energy solutions as miners continue to invest in energy infrastructure.

    African Mining Week serves as a premier platform for exploring the full spectrum of mining opportunities across Africa. The event is held alongside the African Energy Week: Invest in African Energies 2025 conference from October 1-3 in Cape Town. Sponsors, exhibitors and delegates can learn more by contacting sales@energycapitalpower.com.

    MIL OSI Africa –

  • MIL-OSI: iBio Announces IBIO-600 Non-Human Primate Data Showing Extended Half-Life and Muscle Growth, and Interim In Vivo Results for First-in-Class Activin E Antibody, Advancing Cardiometabolic and Obesity Pipeline

    Source: GlobeNewswire (MIL-OSI)

    Non-human primate pharmacokinetics data suggests IBIO-600, a potentially best-in-class long-acting anti-myostatin antibody, could have a human half-life as long as 130 days

    Additional interim in vivo data for a first-in-class Activin E antibody shows muscle sparing weight loss alone and in combination with a GLP-1 receptor agonist

    iBio remains on track to submit a regulatory submission for IBIO-600 in Q1 2026

    SAN DIEGO, April 07, 2025 (GLOBE NEWSWIRE) — iBio, Inc. (Nasdaq: IBIO), an AI-driven innovator of precision antibody therapies, today announced data from a non-GLP non-human primate (NHP) pharmacokinetics (PK) study suggesting IBIO-600, the company’s novel lead asset and a potentially best-in-class long-acting anti-myostatin antibody designed for subcutaneous administration, could provide a significantly extended half-life in humans and a weight loss treatment option while preserving and promoting muscle growth.

    The results were observed in a recently completed exploratory study in obese and elderly NHPs designed to analyze the potential of IBIO-600 in NHPs in order to closely mimic the human obese patient population by determining the antibody’s half-life in serum and evaluating changes in lean and fat mass. The study consisted of two dose levels, a low dose of 5 mg/kg and a high dose of 50 mg/kg, with a single administration in each case. In addition to monitoring PK in serum, the study analyzed body composition changes over time by employing DEXA scans, measuring lean and fat mass.

    Despite the study not being powered to demonstrate statistical significance, and only having a single administration of the antibody, the results indicate IBIO-600 promoted a dose-dependent increase in lean mass and a reduction in fat mass from baseline values. The effect peaked after 8 weeks, when the NHPs receiving the low-dose had a 3.1% (163g) increase in lean mass and a 5.1% (270g) increase in the NHPs receiving the high-dose.

    Standard PK calculations indicated the half-life of IBIO-600 in NHPs was 40 to 52 days. By using multiple allometric scaling approaches1,2, the half-life in humans of IBIO-600 has an estimated range of 57-130 days. This extended half-life could potentially enable a once every 3 to 6-month dosing schedule and positions IBIO-600 as a best-in-class therapeutic for muscle preservation and high-quality weight loss.

    “The promising data suggest IBIO-600 could possibly exhibit the longest half-life among any other anti-myostatin candidates — potentially leading to best-in-class muscle preservation and growth with a significantly reduced dosing burden for patients with a few doses a year,” said Martin Brenner, Ph.D., DVM, iBio’s CEO and Chief Scientific Officer. “IBIO-600’s extended half-life and muscle-building potential make it a transformative candidate for high-quality weight loss, further strengthening our expanding cardiometabolic and obesity pipeline. It is truly remarkable we’ve been able to advance this potentially best-in-class long-acting anti-myostatin antibody to clinical candidate selection in under a year and remain fully on track for a regulatory submission in Q1 2026. This incredibly rapid progress highlights our commitment to accelerating innovation and redefining obesity treatment with cutting-edge therapeutics.”

    iBio is also pleased to announce preclinical data for a first-in-class Activin E antibody disclosed in January, highlighting its potential as a novel treatment for obesity. The antibody effectively blocks Activin E signaling in human adipocytes and is currently being evaluated in an exploratory study with obese mice, both as a monotherapy with bi-weekly dosing and in combination with semaglutide dosed daily. After only two weeks of dosing, monotherapy resulted in fat-selective weight loss of approximately 4%, with a significant 18% reduction in total body fat compared to placebo. Notably, when combined with semaglutide, the Activin E antibody demonstrated a strong synergistic effect, enhancing total weight loss by an additional 9% beyond GLP-1 therapy alone, leading to an overall weight reduction of 34%. This combination also resulted in a remarkable 72% reduction in body fat over the treatment period, as measured by DEXA scans. These compelling findings underscore the potential of Activin E inhibition as a transformative approach to obesity treatment, supporting further development and clinical advancement.

    1 Genki Nakamura, Kazuhisa Ozeki, Miho Nagayasu, Takeru Nambu, Takayuki Nemoto, Ken-ichi Hosoya, Predicting Method for the Human Plasma Concentration–Time Profile of a Monoclonal Antibody from the Half-life of Non-human Primates, Biological and Pharmaceutical Bulletin, 2020, Volume 43, Issue 5, Pages 823-830, Released on J-STAGE May 01, 2020, Online ISSN 1347-5215, Print ISSN 0918-6158, https://doi.org/10.1248/bpb.b19-01042, https://www.jstage.jst.go.jp/article/bpb/43/5/43_b19-01042/_article/-char/en

    2Haraya K, Tachibana T. Translational Approach for Predicting Human Pharmacokinetics of Engineered Therapeutic Monoclonal Antibodies with Increased FcRn-Binding Mutations. BioDrugs. 2023 Jan;37(1):99-108. doi: 10.1007/s40259-022-00566-2. Epub 2022 Nov 30. PMID: 36449140; PMCID: PMC9709760.

    About iBio, Inc.

    iBio (Nasdaq: IBIO) is a cutting-edge biotech company leveraging AI and advanced computational biology to develop next-generation biopharmaceuticals for cardiometabolic diseases, obesity, cancer and other hard-to-treat diseases. By combining proprietary 3D modeling with innovative drug discovery platforms, iBio is creating a pipeline of breakthrough antibody treatments to address significant unmet medical needs. Our mission is to transform drug discovery, accelerate development timelines, and unlock new possibilities in precision medicine.  For more information, visit www.ibioinc.com or follow us on LinkedIn.

    FORWARD-LOOKING STATEMENTS

    Certain statements in this press release constitute “forward-looking statements” within the meaning of the federal securities laws. Words such as “may,” “might,” “will,” “should,” “believe,” “expect,” “anticipate,” “estimate,” “continue,” “predict,” “forecast,” “project,” “plan,” “intend” or similar expressions, or statements regarding intent, belief, or current expectations, are forward-looking statements. These forward-looking statements are based upon current estimates and assumptions and include statements regarding non-human primate pharmacokinetics data suggesting IBIO-600, a potentially best-in-class long-acting anti-myostatin antibody, could have a human half-life as long as 130 days; remaining on track to submit a regulatory submission for IBIO-600 in Q1 2026; IBIO-600 providing a significantly extended half-life in humans and a weight loss treatment option while preserving and promoting muscle growth; the extended half-life potentially enabling a once every 3 to 6-month dosing schedule and positioning IBIO-600 as a best-in-class therapeutic for muscle preservation and high-quality weight loss; IBIO-600 possibly exhibiting the longest half-life among any other anti-myostatin candidates — potentially leading to best-in-class muscle preservation and growth with a significantly reduced dosing burden for patients with a few doses a year; IBIO-600’s extended half-life and muscle-building potential making it a transformative candidate for high-quality weight loss, further strengthening our expanding cardiometabolic and obesity pipeline; and the potential of Activin E inhibition as a transformative approach to obesity treatment, supporting further development and clinical advancement. While iBio believes these forward-looking statements are reasonable, undue reliance should not be placed on any such forward-looking statements, which are based on information available to us on the date of this release. These forward-looking statements are subject to various risks and uncertainties, many of which are difficult to predict that could cause actual results to differ materially from current expectations and assumptions from those set forth or implied by any forward-looking statements. Important factors that could cause actual results to differ materially from current expectations include, among others, the ability of IBIO-600 to have a half-life as long as 130 days; the ability of iBio’s innovative pipeline of therapeutics in cardiometabolic disease and obesity to promote healthy weight loss and muscle-building; and iBio’s ability to create a pipeline of breakthrough antibody treatments to address significant unmet medical needs; iBio’s ability to obtain regulatory approvals for commercialization of its product candidates, or to comply with ongoing regulatory requirements; regulatory limitations relating to iBio’s ability to promote or commercialize its product candidates for specific indications; acceptance of iBio’s product candidates in the marketplace and the successful development, marketing or sale of products; and whether iBio will incur unforeseen expenses or liabilities or other market factors; and the other factors discussed in iBio’s filings with the SEC including its Annual Report on Form 10-K for the year ended June 30, 2024 and its subsequent filings with the SEC on Forms 10-Q and 8-K. The information in this release is provided only as of the date of this release, and iBio undertakes no obligation to update any forward-looking statements contained in this release on account of new information, future events, or otherwise, except as required by law.

    Corporate Contact:

    iBio, Inc.
    Investor Relations
    ir@ibioinc.com

    Media Contacts:

    Ignacio Guerrero-Ros, Ph.D., or David Schull
    Russo Partners, LLC
    Ignacio.guerrero-ros@russopartnersllc.com
    David.schull@russopartnersllc.com
    (858) 717-2310 or (646) 942-5604

    The MIL Network –

  • MIL-OSI: Rivalry Announces Evaluation of Strategic Alternatives for Long-Term Growth

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, April 07, 2025 (GLOBE NEWSWIRE) — Rivalry Corp. (the “Company” or “Rivalry”) (TSXV: RVLY) (OTCQX: RVLCF) (FSE: 9VK), the leading sportsbook and iGaming operator for digital-first players, today announced that its Board of Directors (the “Board”) has initiated a review of strategic alternatives to maximize long-term stakeholder value.

    To support this initiative, the Company has engaged XST Capital Group LLC (the “Advisor”), a leading boutique investment bank focused on the digital gaming sector.

    As part of this process, the Board, alongside the Advisor, will evaluate a range of options to ensure the Company is best positioned for continued growth and innovation. The review reflects the Board’s commitment to prudent corporate governance and its ongoing efforts to optimize the Company’s market position.

    “We have built a strong foundation in the online gaming sector, delivering an exceptional experience for our players while driving operational excellence,” said Steven Salz, Co-Founder and CEO of Rivalry. “This review is a natural step in assessing how we can best create long-term value for our stakeholders while continuing to enhance our world-class gaming platform.”

    The Company also announces that it has secured a US$650,000 principal amount senior unsecured loan from its existing senior lender, maturing on September 30, 2025, with an interest rate of 10% per annum (the “Loan”). The Loan reinforces the Company’s senior lender’s support for the process and provides the Company with additional flexibility to pursue strategic initiatives.

    About Rivalry

    Rivalry Corp. wholly owns and operates Rivalry Limited, a leading sport betting and media company offering fully regulated online wagering on esports, traditional sports, and casino for the digital generation. Based in Toronto, Rivalry operates a global team in more than 20 countries and growing. Rivalry Limited has held an Isle of Man license since 2018, considered one of the premier online gambling jurisdictions, as well as an internet gaming registration in Ontario, and is currently in the process of obtaining additional country licenses. With world class creative execution and brand positioning in online culture, a native crypto token, and demonstrated market leadership among digital-first users Rivalry is shaping the future of online gambling for a generation born on the internet.

    No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.

    Company Contact:
    Steven Salz, Co-founder & CEO
    ss@rivalry.com

    Investor Contact:
    investors@rivalry.com

    Media Contact:
    Cody Luongo, Head of Communications
    cody@rivalry.com
    203-947-1936

    Cautionary Note Regarding Forward-Looking Information and Statements

    This news release contains certain forward-looking information within the meaning of applicable Canadian securities laws (“forward-looking statements”). All statements other than statements of present or historical fact are forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as “anticipate”, “achieve”, “could”, “believe”, “plan”, “intend”, “objective”, “continuous”, “ongoing”, “estimate”, “outlook”, “expect”, “project” and similar words, including negatives thereof, suggesting future outcomes or that certain events or conditions “may” or “will” occur. These statements are only predictions. Forward-looking statements in this news release include, but are not limited to, statements with respect to the Company’s strategic review process and any potential transactions that may arise in connection therewith.

    Forward-looking statements are based on the opinions and estimates of management of the Company at the date the statements are made based on information then available to the Company. Various factors and assumptions are applied in drawing conclusions or making the forecasts or projections set out in forward-looking statements. Forward-looking statements are subject to and involve a number of known and unknown, variables, risks and uncertainties, many of which are beyond the control of the Company, which may cause the Company’s actual performance and results to differ materially from any projections of future performance or results expressed or implied by such forward-looking statements. Such factors, among other things, include regulatory or political change such as changes in applicable laws and regulations; the ability to obtain and maintain required licenses; the esports and sports betting industry being a heavily regulated industry; the complex and evolving regulatory environment for the online gaming and online gambling industry; the success of esports and other betting products are not guaranteed; changes in public perception of the esports and online gambling industry; failure to retain or add customers; the Company having a limited operating history; negative cash flow from operations and the Company’s ability to operate as a going concern; operational risks; cybersecurity risks; reliance on management; reliance on third parties and third-party networks; exchange rate risks; risks related to cryptocurrency transactions; risk of intellectual property infringement or invalid claims; the effect of capital market conditions and other factors on capital availability; competition, including from more established or better financed competitors; and general economic, market and business conditions. For additional risks, please see the Company’s management’s discussion and analysis for the three and nine months ended September 30, 2024 under the heading “Risk Factors”, and other disclosure documents available on the Company’s SEDAR+ profile at www.sedarplus.ca.

    No assurance can be given that the expectations reflected in forward-looking statements will prove to be correct. Although the forward-looking statements contained in this news release are based upon what management of the Company believes, or believed at the time, to be reasonable assumptions, the Company cannot assure shareholders that actual results will be consistent with such forward-looking statements, as there may be other factors that cause results not to be as anticipated, estimated or intended. Readers should not place undue reliance on the forward-looking statements and information contained in this news release. The forward-looking information and forward-looking statements contained in this press release are made as of the date of this press release, and the Company does not undertake to update any forward-looking information and/or forward-looking statements that are contained or referenced herein, except in accordance with applicable securities laws.

    Source: Rivalry Corp.

    The MIL Network –

  • MIL-OSI: Wesdome Gold Mines to Acquire Angus Gold; Quadruples the Eagle River Land Package

    Source: GlobeNewswire (MIL-OSI)

    All amounts are expressed in Canadian dollars unless otherwise indicated

    TORONTO, April 07, 2025 (GLOBE NEWSWIRE) — Wesdome Gold Mines Ltd. (TSX: WDO, OTCQX: WDOFF) (“Wesdome” or the “Company”) and Angus Gold Inc. (TSX-V: GUS, OTC: ANGVF) (“Angus”) are pleased to jointly announce that they have entered into a definitive arrangement agreement (the “Agreement”) whereby Wesdome will acquire all of the issued and outstanding common shares of Angus pursuant to a plan of arrangement (the “Arrangement”).

    Under the terms of the Agreement, each of the issued and outstanding common shares of Angus that Wesdome does not currently own will be exchanged for $0.62 cash plus 0.0096 of a Wesdome share (the “Offer”), representing an aggregate value of $0.77 per Angus common share, based on the closing price of Wesdome’s common shares on the Toronto Stock Exchange on April 4, 2025, the last trading day prior to announcement of the Offer. The Offer represents a premium of 59% to Angus’ 20-day volume-weighted average price ending April 4, 2025. Wesdome currently owns 6.3 million common shares of Angus and 3.15 million common share purchase warrants, or approximately 10.4% of Angus’ basic common shares outstanding and 14.9% on a partially diluted basis. The enterprise value to Wesdome, net of Angus’s cash, is approximately $40 million.

    Strategic Rationale for Wesdome

    • Transforms Eagle River into a district-scale opportunity (Figure 1)
      Quadruples Wesdome’s land position at Eagle River, consolidating two adjacent properties into one ~400 km2 contiguous strategic land package situated on a highly prospective greenstone belt. The expanded footprint hosts multiple targets and mineralization styles.
    • Bolsters Eagle River’s greenfield exploration pipeline
      Consolidates district-scale exploration potential across at least three mineralized trends, including the Eagle River Splay and Cameron Lake banded iron formation (“BIF”). Recent intercepts — 48.7 g/t Au over 1.5m at the Splay and 47.4m at 1.1 g/t Au (incl. 11.7m at 2.2 g/t) at BIF — underscore the potential for discovering new mineralized zones and resource delineation.
    • Underscores long-term commitment to Eagle River
      Opportunity to leverage Wesdome’s existing balance sheet, infrastructure and relationships with stakeholder and Indigenous groups to accelerate exploration and development, while continuing to focus on the Company’s asset base located in Ontario and Québec – two of the world’s premier mining jurisdictions.

    Strategic Rationale for Angus Shareholders

    • Attractive premium
      The Offer represents a significant premium and is a validation of the efforts of the Angus team over the past 5 years. In addition, the cash component represents 80% of the Offer price and reflects a strong immediate return for Angus shareholders.
    • Exposure to a growing value-driven Canadian gold producer
      Wesdome’s portfolio of high-quality producing gold assets in Ontario and Québec further reinforces the strategic rationale of this transaction. Shareholders will receive a portion of the consideration in common shares of Wesdome, a proven Canadian gold producer with a track record of value creation.

    Anthea Bath, President and CEO of Wesdome, commented, “This is a highly logical and strategic tuck-in transaction that brings together a contiguous land package between the Eagle River mine and mill, enhancing our ability to unlock value through the drill bit. It reinforces our belief in the geological potential of the Mishibishu Lake greenstone belt, aligns with our focus on regional consolidation, and positions us to deliver sustainable, long-term growth supported by our strong balance sheet and existing infrastructure.

    “Since 2020, Angus has invested over $20 million into exploration across the Golden Sky project, generating a pipeline of targets and confirming the geological continuity with Eagle River. Wesdome intends to continue this momentum, focusing on high-priority zones such as the Cameron Lake BIF and Eagle River Splay in 2025. Wesdome remains deeply confident in the prospectivity of the Eagle River camp and the broader potential of our ongoing fill-the-mill strategy. This transaction represents a strategic investment in that vision and underscores our long-term commitment to unlocking value at Eagle River.

    “Breanne and her team have done excellent work over the last several years, which has resulted in multiple discoveries and laid the groundwork for further exploration. We believe that now is the right time for Wesdome to assume ownership and build upon the work done by the Angus team. With Wesdome’s balance sheet and free cash flow profile, we can add significant value to the property and eventually bring economic deposits into production quickly given the proximity to our existing infrastructure.”

    Breanne Beh, President and CEO of Angus, commented, “On behalf of the Board of Directors of Angus Gold, we are excited to have reached an agreement with Wesdome. This transaction is a testament to the dedication and diligent work of the Angus team, particularly our exploration team, and we sincerely thank everyone for their excellent work. Since 2020, through a series of property acquisitions, we consolidated a district-scale land package, completed over 40,000 metres of drilling, and made significant gold discoveries. These accomplishments would not have been possible without the support of our committed stakeholders. We believe this transaction delivers immediate value to our shareholders and provides the opportunity to benefit from a well-established and well-financed gold producer.”

    Summary of the Arrangement

    The Arrangement will be implemented by way of a court-approved plan of arrangement pursuant to the Business Corporations Act (Ontario) and will require the approval of the Ontario Superior Court of Justice (Commercial List) and the approval of at least two-thirds of the votes cast by Angus shareholders as well as the approval of a simple majority of disinterested shareholders at a special meeting of Angus shareholders, which is expected to be held in June 2025.

    In addition to the aforementioned approvals, completion of the Arrangement is subject to other customary conditions and stock exchange approvals. The Arrangement is expected to close in the second quarter of 2025.

    The directors, senior officers and advisors of Angus, holding in aggregate 28% of the issued and outstanding common shares of Angus, have entered into voting support agreements with Wesdome, pursuant to which they have agreed to vote their shares in favour of the transaction, where permitted by applicable regulations.

    New Gold Inc. has agreed to a lock-up agreement with Wesdome to tender its 4.85 million shares, or 8% of the outstanding common shares on a basic basis. Together with common shares already owned or held by Wesdome, the Company has now entered into lock-up agreements with Angus shareholders owning an aggregate 47% of the outstanding common shares of Angus on a basic basis, including each of the directors and officers of Angus.

    The Agreement provides for customary deal protection provisions, including non-solicitation covenants on the part of Angus and a right in favour of Wesdome to match any unsolicited superior proposal. In the event that the Agreement is terminated in certain circumstances, Angus has agreed to pay Wesdome a termination fee of $2.3 million.

    Board Approval and Recommendation

    The special committee of independent directors of Angus (the “Angus Special Committee”) has received an opinion from Evans & Evans, Inc. that, based upon and subject to the limitations, assumptions and qualifications of and other matters considered in connection with the preparation of such opinion, the Offer is fair, from a financial point of view, to the Angus shareholders (other than Wesdome) (the “Fairness Opinion”).

    Following its review and in consideration of, amongst other things, the Fairness Opinion, the Special Committee has unanimously recommended that the board of directors of Angus approve the Arrangement. The Angus board, following the receipt and review of recommendations from the Special Committee, and after receiving legal and financial advice, has unanimously approved the Agreement and the Arrangement and has determined that the Arrangement is fair to shareholders of Angus (other than Wesdome) and is in the best interests of Angus, and unanimously recommends to shareholders that they vote in favour of the Arrangement.

    The Agreement has also been unanimously approved by the board of directors of Wesdome.

    Warrants and Options

    Pursuant to the Arrangement, each Angus stock option (each, a “Stock Option”) outstanding immediately prior to the effective time of the Arrangement (the “Effective Time”) shall automatically vest and be immediately cancelled in exchange for a cash payment equal to the excess, if any, of: (i) the product of the number of Angus common shares underlying such Angus Options and $0.77; over (ii) the applicable aggregate exercise price of such Angus Options. All outstanding restricted share units outstanding immediately prior to the Effective Time shall automatically vest and be immediately cancelled in exchange for a cash payment equal to $0.77. All Angus warrants outstanding immediately prior to the Effective Time will be immediately cancelled in exchange for a cash payment equal to the in-the-money value of such warrant.

    Advisors and Counsel

    Wesdome has engaged Stikeman Elliott LLP as its legal advisor in connection with the transaction.

    Peterson McVicar LLP is acting as legal advisor to Angus and Mason Law LLP is acting as legal advisor to the Special Committee in connection with the transaction. Evans & Evans, Inc. has been retained to deliver a fairness opinion to the Angus Special Committee.

    About Wesdome Gold Mines

    Wesdome is a Canadian-focused gold producer with two high-grade underground assets, Eagle River in Northern Ontario and Kiena in Val-d’or, Québec. The Company’s primary goal is to responsibly leverage its operating platform and high-quality brownfield and greenfield exploration pipeline to build a growing value-driven gold producer.

    About Angus Gold

    Angus is a Canadian mineral exploration company focused on the acquisition, exploration, and development of highly prospective gold properties. The Company’s flagship project, which is the Golden Sky Project near Wawa, Ontario, is situated immediately adjacent to Wesdome’s Eagle River mine.

    Contacts for Wesdome  
       
    Raj Gill  Trish Moran
    SVP, Corporate Development & Investor Relations VP, Investor Relations
    Phone: +1.416.360.3743 Phone: +1.416.564.4290
    E-Mail: invest@wesdome.com E-mail: trish.moran@wesdome.com
       
    Contacts for Angus  
       
    Breanne Beh Lindsay Dunlop
    President and CEO VP, Investor Relations
    Phone: +1.807.356.6330 Phone: +1.647.259.1790
    Email: bbeh@angusgold.com Email: info@angusgold.com


    Forward-Looking Statements

    This news release contains “forward-looking information” which may include, but is not limited to, statements with respect to the future financial and operating performance of the Company and its projects. Often, but not always, forward-looking statements can be identified by the use of words such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “believes” or variations (including negative variations) of such words and phrases, or state that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Forward-looking statements contained herein are made as of the date of this press release and the Company disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results or otherwise. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements.

    Forward-looking statements or information contained in this press release include, but are not limited to, statements or information with respect to: (i) expectations regarding whether the proposed Arrangement will be consummated, including whether conditions to the consummation of the Arrangement will be satisfied, or the timing for completing the Transaction, (ii) expectations for the effects of the Arrangement or the ability of the combined company to successfully achieve business objectives, including integrating the companies or the effects of unexpected costs, liabilities or delays, (iii) the potential benefits and synergies of the Arrangement, and (iv) expectations for other economic, business, and/or competitive factors.

    Furthermore, should one or more of the risks, uncertainties or other factors materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements or information. These risks, uncertainties and other factors including those risk factors discussed in the sections titled “Cautionary Note Regarding Forward Looking Information” and “Risks and Uncertainties” in the Company’s most recent Annual Information Form. Readers are urged to carefully review the detailed risk discussion in our most recent Annual Information Form which is available on SEDAR+ and on the Company’s website.

    Figure 1 – Wesdome and Angus Property Map

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/f6dab7f8-132c-4c17-b3c1-507968504e44

    The MIL Network –

  • MIL-OSI United Nations: UNDRR partnership with Standard Chartered prompts resilient infrastructure deal to tackle $2 trillion climate impacts

    Source: UNISDR Disaster Risk Reduction

    • Standard Chartered announces completion of first adaptation finance deal for a corporate client following launch of the breakthrough Guide for Adaptation and Resilience Finance.
    • Deal facilitates the trade of solar modules resistant to tornadoes and tropical storms, extreme wind, storms and sandstorms.
    • In 2024, the International Chamber of Commerce (ICC) reported that over the last decade, climate-related extreme weather events resulted in cumulative losses to the global economy of around $2 trillion.
    • Deal demonstrates potential of adaptation as an investable asset class in response to growing demand for resilient infrastructure to mitigate economic losses caused by extreme weather events, such as those caused by the Los Angeles wildfires earlier this year.

    London, 13 March 2025 – Standard Chartered today announces the successful completion of an adaptation transaction for Jinko Solar Co., Ltd. (JinkoSolar), facilitating the delivery of storm and extreme weather-resilient solar modules to solar photovoltaic (PV) farms located in the US (Florida), UAE and Saudi Arabia. Standard Chartered provided Bank Guarantees (BGs) to facilitate the trade of these solar modules, known as Tiger Neo N-type products.

    The deal is Standard Chartered’s first labelled adaptation finance deal for a corporate client following the launch of the breakthrough Guide for Adaptation and Resilience Finance, which set out for the first-time, guidance on what constitutes adaptation and resilience investment, mapping over 100 investable activities in this field. This also represents the Bank’s first labelled adaptation finance transaction in China.

    The deal demonstrates the potential of adaptation and resilience as an investable asset class in response to growing demand for resilient infrastructure, particularly in the US (Florida), UAE and Saudi Arabia, where extreme wind, storms and sandstorms degrade and disrupt solar technology, leading to economic losses on investments made. The project specification (see Appendix) protects against:

    • Tornadoes and tropical storms in the US (Florida), like the more than 46 tornadoes that occurred throughout Florida in 2024 as a result of Hurricane Milton. Across the US, hurricanes including Hurricane Milton and Hurricane Helene (North Carolina) caused over $500 billion in economic losses.
    • Extreme wind, storms and sandstorms in the UAE and Saudi Arabia, including the severe storm that swamped Dubai in 2024 leading to damages thought to be worth hundreds of millions of dollars to homes and businesses.

    Ben Hung, President, International at Standard Chartered, said: “As a bank that sits at the centre of trade flows, and helps to facilitate them, we’re delighted to support JinkoSolar on this transaction. This deal demonstrates Standard Chartered’s ability to leverage the full breadth of our cross-border capabilities alongside our unique adaptation finance expertise, to connect demand for advanced solar technology with supply, building long-term resilience into critical energy infrastructure across our markets.”

    Haiyun Cao, Chief Financial Officer at JinkoSolar, said: “Adaptation and resilience financing are crucial in the journey to address climate change and as a leading enterprise in the photovoltaic industry, JinkoSolar feels a great sense of responsibility to support this. We are committed to promoting the development of clean energy and improving the efficiency and adaptability of photovoltaic products through technological innovation. This not only contributes to our own sustainable development, but also provides stable clean energy supply for societies and enhances our ability to cope with climate challenges. JinkoSolar looks forward to strengthening our work with Standard Chartered to contribute to building a more resilient energy system together.”

    Research from the International Chamber of Commerce (ICC) found that over the last decade, nearly 4,000 climate-related extreme weather events resulted in cumulative losses to the global economy of around $2 trillion, including the direct cost of physical asset destruction. In the last two full years alone, global economic damages reached $451 billion – representing a 19% increase compared to the previous eight years of the decade, underscoring the urgent need for resilient infrastructure.

    Tracy Wong Harris, Head, Sustainable Finance GCNA at Standard Chartered said: “Standard Chartered offers practical solutions to mitigate the worst impacts of extreme weather, helping our clients build resilience against the major productivity losses being felt here and now in the real economy as a result of increasingly frequent weather-related events. We’re proud to support JinkoSolar on this transaction, empowering them in delivering clean energy security alongside long-term business growth.”

    In 2024, Standard Chartered, KPMG and the United Nations Office for Disaster Risk Reduction launched the Guide for Adaptation and Resilience Finance, with support from more than twenty leading financial institutions and NGOs a guide for investment in adaptation and resilience. The guide set out a common reference for adaptation and resilience alongside a list of financeable adaptation and resilience themes and activities, forming a classification framework for the market.

    Marisa Drew, Chief Sustainability Officer, Standard Chartered, said: “When we launched the Guide for Adaptation and Resilience Finance, we set out to provide the clarity needed across the market to accelerate investment into adaptation and resilience. Today, we’re putting the Guide into action ourselves through our first labelled deal with a corporate client, demonstrating the commercial opportunity alongside the economic benefits of financing resilient infrastructure in markets that are acutely vulnerable to the negative effects of extreme weather.”

    This is Standard Chartered’s second labelled adaptation finance deal, having completed a deal with an insurance client in 2023, which provided financial protection against extreme weather such as changes in river levels and wind levels for businesses in the renewable energy sector.

    View the report

    MIL OSI United Nations News –

  • MIL-OSI Asia-Pac: Tribal Startups Shine at StartupMahakumbh

    Source: Government of India

    Tribal Startups Shine at StartupMahakumbh

    ST-Led Ventures incubated at IIM Kolkata & IIT Guwahati Receive National Awards from Union Minister Shri Piyush Goyal

    Ministry of Tribal Affairs Showcases 45 Startups under “DhartiAabaTribePreuners 2025” under Janjatiya Gaurav Varsh at Bharat Mandapam

    Posted On: 06 APR 2025 9:09AM by PIB Delhi

    New Delhi ,Ministry of Tribal Affairs marked a significant milestone in empowering tribal entrepreneurship by showcasing 45 tribal-led startups from across India at the StartupMahakumbh held at Bharat Mandapam, New Delhi. Organized under the flagship initiative “DhartiAabaTribepreuners 2025” as part of Janjatiya Gaurav Varsh, the event witnessed innovation from sectors ranging from deep tech to organic farming and green energy.

    Two tribal-led startups, incubated at premier institutions—IIM Kolkata and IIT Guwahati—received prestigious national recognition from Shri Piyush Goyal, Hon’ble Union Minister for Commerce & Industry, affirming the growing role of tribal entrepreneurs in India’s startup ecosystem.

    On this achievement, Shri JualOram, Hon’ble Union Minister of Tribal Affairs, and Shri VibhuNayar, Secretary, Ministry of Tribal Affairs, congratulated the winning startups for their exemplary innovation and dedication to community-led development. They commended the efforts of all participating entrepreneurs for representing the aspirations and potential of tribal India on a national platform.

    Award-Winning Startups founded by ST entrepreneurs

    OurGuest Travels (Top View Pvt. Ltd.)

    Incubated at IIM Kolkata | Sector: Sustainable Tourism

    Based in Gangtok, Sikkim, OurGuest Travels (www.ourguest.in) was conferred the D2C (Direct-to-Consumer) Award. As the first Online Travel Aggregator (OTA) from Northeast India, it offers a curated collection of homestays, farmstays, resorts, and guided experiences across Sikkim, North Bengal, Assam, Meghalaya, Arunachal Pradesh, and Jammu & Kashmir.With over 600 homestays and 50+ guides, the platform has served more than 6,000 travelers and supports rural livelihoods and eco-tourism. This recognition is a key milestone under the Ministry’s 100-Day Agenda to build a strong tribal startup ecosystem.

    Ngurie Organic Pvt. Ltd.

    Incubated at IIT Guwahati | Sector: AgriTech& Organic Farming

    Ngurie Organic received the AgriTech Award for its transformative work in sustainable agriculture. The startup harnesses data-driven research, precision agriculture, and blockchain-enabled transparency to empower farmers with solutions that:

    • Reduce water usage
    • Improve soil health
    • Increase crop yields
    • Promote environmental sustainability
    • Strengthen food security
      🔗 Website: https://ngurie.com

    Exclusive Sessions on Tribal Entrepreneurship by VC /Angel Investors

    The event featured a high-impact panel titled “Investing in Bharat: Unlocking Startup Potential Beyond the Metro”, with thought leaders from India’s startup and investment ecosystem

    • T. RoumuanPaite, Joint Secretary, Ministry of Tribal Afafirs
    • Vikram Gupta, IvyCap Ventures
    • Sandeep NagbhushanAithal, Infosys Ltd.
    • Vineet Khurana, SACC India
    • Moderator: Amit Pandey, IVCA

    In addition, faculty from IIT Delhi conducted a Design Thinking Workshop, guiding tribal startups to refine and scale their business ideas.

     Empowering the Next Generation of Tribal Entrepreneurs

    The 3-day program concluded with the distribution of participation certificates to:45 tribal startup founders,100 EMRS (Eklavya Model Residential School) students,150 tribal students availing higher education scholarships.

    Participants also took part in a bootcamp at IIT Delhi and attended exposure visits across the startup ecosystem during the StartupMahakumbh.

    Towards a Self-Reliant Tribal India

     Ministry of Tribal Affairs, through initiatives like DhartiAabaTribepreuners 2025, continues to create an enabling environment for tribal innovators—combining mentorship, funding, capacity building, and platform exposure. The presence and recognition of tribal entrepreneurs at India’s largest startup conclave reaffirms the Ministry’s commitment to making tribal India a key stakeholder in the nation’s growth story.

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    RN/PIB

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    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: InvestHK visits Middle East to attract business investment to Hong Kong (with photo)

    Source: Hong Kong Government special administrative region

    ​Associate Director-General of Investment Promotion at Invest Hong Kong (InvestHK) Mr Charles Ng will commence his duty visit to the Middle East from today (April 6) to April 10, with key engagements in Saudi Arabia and the United Arab Emirates (UAE). The visit underscores Hong Kong’s commitment to deepening economic ties with these dynamic markets and promoting the city as a premier gateway for Middle Eastern businesses seeking opportunities on the Mainland and in the broader Asia-Pacific region.
     
    Hong Kong has a strong, long-standing and ever-growing relationship with the Gulf region including Saudi Arabia and the UAE, marked by increasing co-operation in finance, trade, and investment. The city’s merchandise trade with the Cooperation Council for the Arab States of the Gulf reached US$21.6 billion in 2023. These partnerships are further strengthened through initiatives such as the Belt and Road Initiative, which fosters greater connectivity and economic opportunities.
     
         “Amid an increasingly complex global landscape and geopolitical uncertainties, countries in the Middle East are actively diversifying their investments. Hong Kong, as a global financial centre and a ‘super connector’ between the Mainland, Asia, and the rest of the world, is uniquely positioned to support this shift,” said Mr Ng. “Under the ‘one country, two systems’ principle, our city offers a robust legal system, free flow of capital and information, and internationally aligned regulations. Beyond finance, Hong Kong is also a hub for trade, logistics, innovation and professional services. It serves as a gateway for Middle Eastern partners to tap into the Mainland and the broader Asia-Pacific region.”
     
    As part of its commitment to financial diversification, the city has developed a supportive platform for Islamic finance, including sukuk issuance and tax law amendments to ensure a level playing field with conventional bonds and the successful launch of three government sukuk. It continues to welcome more Islamic financial institutions and products to leverage Hong Kong’s international financial platform and tap into opportunities across Asia and the Mainland.
     
    During his visit to Riyadh, Jeddah and Dubai, Mr Ng will participate in numerous high-level business roundtables co-organised with Asia House, bringing together representatives from prominent businesses, family offices, and investors. He will also meet with representatives from leading Middle Eastern companies and discuss how establishing a presence in Hong Kong can drive their global expansion strategies.
     
    These engagements aim to strengthen economic ties, foster collaboration, and attract more businesses from the Middle East to invest and expand through Hong Kong. By leveraging Hong Kong’s unique position as a global financial and multinational supply chain management hub, InvestHK seeks to facilitate mutually beneficial partnerships that drive innovation and growth across regions.

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: Union Home Minister and Minister of Cooperation Shri Amit Shah chairs a security review meeting in Raipur, Chhattisgarh

    Source: Government of India

    Union Home Minister and Minister of Cooperation Shri Amit Shah chairs a security review meeting in Raipur, Chhattisgarh

    Double engine government under the leadership of Prime Minister Shri Narendra Modi is leaving no stone unturned in completely elaminating Naxalism

    Before 31 March, Naxalism will become history in the entire country including Chhattisgarh

    Naxalism ruined many generations, now it should not take more time to eliminate this problem

    Chhattisgarh government has made satisfactory progress on both development and security fronts

    The ongoing fight against Naxalites must not scattered

    Coverage area of the ‘NiyadNellanar’ scheme should be expanded from a 5-km to 10 km radius around security camps

    It must be ensured that people in Naxal-affected areas receive equal opportunities for development

    Coordination among states police and central agencies should improve to nab those Naxals fleeing from one state to another

    Posted On: 05 APR 2025 11:25PM by PIB Delhi

    Union Home Minister and Minister of Cooperation Shri Amit Shah chaired a security review meeting in Raipur, Chhattisgarh.The meeting was attended by Chhattisgarh Chief Minister Shri Vishnu Deo Sai, Deputy Chief Minister Shri Vijay Sharma, the Director of the Intelligence Bureau (IB), Special Secretary (Internal Security) in the Ministry of Home Affairs, Directors General of the Central Reserve Police Force (CRPF), National Investigation Agency (NIA), Border Security Force (BSF), and Indo-Tibetan Border Police (ITBP) as well as the Chief Secretary and Director General of Police of Chhattisgarh.

    Addressing the meeting, the Union Home Minister said that the double engine government under the leadership of Prime Minister Shri Narendra Modi is leaving no stone unturned in completely elaminatingNaxalism. He said that before 31 March, Naxalism will become history in the entire country including Chhattisgarh.

    Union Home Minister Shri Amit Shah said Naxalism ruined many generations, now it should not take more time to eliminate this problem. He said, the ongoing fight against Naxalites must not scattered.

    Shri Amit Shah said, Coordination among states police and central agencies should improve to nab those Naxals fleeing from one state to another. 

    Shri Amit Shah said, Chhattisgarh government has made satisfactory progress on both development and security fronts. He said, coverage area of the ‘NiyadNellanar’ scheme should be expanded from a 5-km to 10 km radius around security camps. Shri Shah said, it must be ensured that people in Naxal-affected areas receive equal opportunities for development. The Union Home Minister said that the momentum of the anti-Naxal operation should not diminish under any circumstances.

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    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: Ministry of Statistics and Programme Implementation organises Conference of State Government Ministers on Strengthening of Statistical Systems

    Source: Government of India

    Posted On: 05 APR 2025 6:48PM by PIB Delhi

    Ministry of Statistics and Programme Implementation (MoSPI) organized a Conference of State Government Ministers on Strengthening of Statistical Systems on 5th April, 2025 at Vigyan Bhawan, New Delhi.

    Rao Inderjit Singh, the Hon’ble Minister of State (Independent Charge), MoSPI, Ministry of Planning, and Minister of State (MoS) for the Ministry of Culture, chaired the Conference. In his inaugural address, he appreciated the participation and committed involvement of States / Union Territories (UTs) in the conference and underscored the indispensable role of reliable data in shaping effective policies and called for unified efforts to embrace innovation, foster coordination, and uphold transparency in statistical processes, in a continued journey towards attaining the vision of “Vikshit Bharat 2047” and invited cooperation from all the States/UTs to strengthen the national statistical system.

    Dr. Saurabh Garg, Secretary, MoSPI, emphasized the importance of robust statistical system for evidence-based policymaking. He highlighted key initiatives of MoSPI, including the Support for Statistical Strengthening (SSS) Scheme and appealed for participation in the National Sample Surveys (NSS). He stressed upon the need for having sub-state level estimates for more granularity. Concluding with a call for strengthened collaboration, he emphasized greater use of administrative and alternate data sources, use of modern technology in data collection, refining statistical frameworks to promote transparency, credibility, accountability, sustainable development and capacity building of States/UTs officials through NSSTA training programmes.

    Ms. Nandita Gorlosa, Hon’ble Minister of Sports & Youth Welfare, Welfare of Minorities & Development and Public Works (Buildings & National Highways) Departments, Govt. of Assam ; Shri Bijendra Prasad Yadav, Hon’ble Minister of Planning and Development, Govt. of Bihar; Shri Gaurav Gautam, Hon’ble Minister of Youth Empowerment and Entrepreneurship and Sports, Govt. of Haryana; Shri Radha Krishna Kishore, Hon’ble Minister, Department of Planning & Development, Govt. of Jharkhand; Dr. Vanlalthlana, Hon’ble Minister, Department of School Education/Higher and Technical Education/Information and Public relations/Information and Communication Technology, Govt. of Mizoram; Shri K K Vishnoi, Hon’ble Minister of Sports & Youth Affairs, Skill & Employment & Entrepreneurship Department, Government of Rajasthan; Shri Bikash Debbarma, Hon’ble Minister, Planning (Statistics) Department, Government of Tripura; Shri Suresh Kumar Khanna, Hon’ble Minister, Finance and Parliamentary Affairs, Govt. of Uttar Pradesh; Shri Saurabh Bahuguna, Hon’ble Minister of Minister of Animal Husbandry, Fisheries, Skill development & Employment, Protocol and Sugarcane Development, Govt. of Uttarakhand and Ms Chandrima Bhattacharya, Hon’ble Minister of State, Department of Planning, Statistics and Programme Monitoring, Govt. of West Bengal participated in the conference.

    The State Government Ministers/UT Administrators appreciated the Conference of State Government Ministers and suggested that this should be made a regular feature for better coordination and holistic development of the National Statistical System. They also highlighted the importance of producing relevant, accurate, and timely statistics at both the national and sub-national levels and emphasised on the key areas where deeper collaboration and partnership between the Centre and the States is crucial for strengthening both national and state statistical systems.

    Additional Chief Secretary, Secretary (Planning), Special Secretary, Director (DES) and other senior level officers from States/ UTs also participated in the conference and made their valuable suggestions.

    The workshop featured presentations on key aspects of statistical development and reforms, focusing on strengthening the national statistical system. Discussions covered the Support for Statistical Strengthening (SSS) Scheme, State participation in the National Sample Surveys (NSS) for district-level and advancements in sub-state level estimates for GDP, IIP, and CPI. Key topics also included statistical standards like NMDS 2.0 and unique identifiers, capacity building, innovation, and sub-national SDG monitoring frameworks. The focus of the conference was also on environment accounts, data dissemination through e-Sankhyiki, review of MPLADS and monitoring of major infrastructure projects, alongside major statistical reforms and achievements.

    The Hon’ble Minister, MoSPI also released its annual publication namely “Women and Men in India 2024: Selected Indicators and Data” and also launched the website of National Statistical Systems Training Academy (NSSTA) and the Micro-data Portal of MoSPI. In addition, Semantic Search on National Industrial Classification Code, developed during the recently concluded Hackathon in IIT Gandhinagar during March, 2025 was also showcased in the Conference.

    Through this conference, MoSPI gained a understanding of the specific needs and requirements of the States/UTs to improve their statistical systems, as well as to ascertain their expectations. The States appreciated the much needed financial support made by MoSPI through the Support for Statistical Strengthening Scheme, popularly known as the SSS Scheme, in augmenting the Statistical system of the States/UTs. Most of the states requested for support from MoSPI, in terms of technical assistance, training to state officials, setting up of training institutes / Centre of Excellence at State/UT level etc. Also, some States/UTs highlighted good initiatives made in their States for improvement of statistical systems, which are worth replicating in other States/UTs.

    The conference concluded on a positive note, fostering continued collaboration with the State/UT Governments.

    ****

    Samrat/Allen

    (Release ID: 2119300) Visitor Counter : 79

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: First International Research Conference on Pension (IRCP) 2025 concludes with the participation of global leaders, including World Bank and experts

    Source: Government of India

    First International Research Conference on Pension (IRCP) 2025 concludes with the participation of global leaders, including World Bank and experts

    Pension for All must become a national priority: Shri Pankaj Chaudhary

    Through the launch of the Unified Pension System, we are creating a robust foundation for secure retirement: Secretary, DFS

    National Pension System (NPS) has emerged as a cornerstone of India’s pension sector, fostering financial security for millions: Dr. Deepak Mohanty

    Posted On: 05 APR 2025 11:17AM by PIB Delhi

    The First International Research Conference on Pension (IRCP) 2025 held in New Delhi concluded yesterday. It   was inaugurated on 3rd April at Bharat Mandapam by Shri Pankaj Chaudhary, Minister of State for Finance, Government of India. The two-day event was organized by the Pension Fund Regulatory and Development Authority (PFRDA) in collaboration with the Indian Institute of Management Ahmedabad (IIMA), to mark a historic milestone in India’s journey toward robust old-age income security.

    This platform brought together policymakers, scholars, industry leaders, and international experts to deliberate on the evolving dynamics of pension reforms, financial preparedness for retirement, and innovative strategies to secure the future of aging populations.

     

    Highlighting a big change in India’s demographic landscape, necessitating urgent and inclusive pension reforms to secure a dignified future for its aging population, Shri Pankaj Chaudhary,  Minister of State for Finance in his key note stated that India’s demographic landscape is on the profound shift in the coming decades. By 2050, one in five Indians will be over 60, and by 2047, the elderly will outnumber children. With 19 percent of the population projected to be elderly by mid-century—predominantly women—securing financial independence through inclusive pension schemes is not merely a goal, but a vital need for the country. ‘Pension for All’ must become a national priority, requiring policy action to ensure a dignified and secure future for our aging population.

    In his address, Shri Nagaraju Maddirala, Secretary, Department of Financial Services highlighted that India’s pension framework stands at a pivotal moment of transformation and through the launch of the Unified Pension System and efforts to broaden coverage, we are creating a robust foundation for secure retirement. UPS provides an assured pension of 50 per cent of the average basic pay drawn over the last 12 months prior to superannuation. India’s pension assets, constituting roughly 17 percent of GDP, fall far short of the OECD average, where they typically exceed 80 percent, revealing a stark disparity in retirement readiness.

    Welcoming distinguished guests, global thought leaders, and industry stakeholder, Dr. Deepak Mohanty, Chairperson of PFRDA in his address stated that the National Pension System (NPS) has emerged as a cornerstone of India’s pension sector, fostering financial security for millions, with an accumulated corpus of Rs 14.4 Lakh Cr and 8.4 crore subscribers under NPS and APY. As we embrace technology-driven initiatives and innovative policy solutions, our focus remains on expanding coverage, ensuring financial sustainability, and building a pension-inclusive society for future generations.

    The opening day of the First International Research Conference on Pension (IRCP) 2025 at Bharat Mandapam was a resounding success, featuring three dynamic panel discussions that captivated attendees with their depth and diversity.

    The first session, titled “Pension for Future: Building Resilient Old Age Income Security,” saw experts explore strategies adopted by various countries for enhanced pension coverage, building a sustainable pension system and challenges faced in inclusion of informal sector and gig economy workers. The panel was moderated by Somya Kanti Gosh, Member-16thFinance Commission and was addressed by Dr Deepak Mohanty, Chairperson, PFRDA, Ms. Astrid Ludin, Deputy Commissioner, FSCA, South Africa,  Ms. Omolola Oloworaran, Director General, PENCOM, Nigeria and Mr. William Price, CEO, D3P Global.

    This was followed by “Global Lessons on New and Innovative Investment Practices in the Pension Industry,” which showcased innovative investment methods, approaches for the product design and sharing of international success stories to inspire India’s pension sector. The session was moderated by Prof. Abhiman Das, Director , IIM Ahmedabad  and co-moderated by Mr. Tushar Arora, Senior Financial Sector Specialist, World Bank and was addressed by Mr. Brian M. Miller, Vanguard, Dr. Paul Yu, Director, MPFSA, Hong Kong, China, Mr. William Price, CEO, D3P Global, Prof. Prachi Mishra, Director and Head, Ashoka Isaac Center for Public Policy and Mr. R. Mark Davis, Senior Financial Sector Specialist, World Bank.

    The first day concluded with the “Pension Forum for Regulatory Coordination and Development of Pension Products,” where a panel of regulators and government debated harmonizing policies for pension products across regulators and innovative strategies to drive the growth and accessibility of pension products in India. The session was moderated by Dr M S Sahoo, ex-Chairperson, IBBI and was addressed by Mr. Pankaj Sharma, Joint Secretary, DFS, Mr. Ramesh Krishnamurthi, CEO, EPFO, Mr. Amarjeet Singh, Whole Time Member, SEBI, Mr. Rajay Kumar Sinha, Whole Time Member, IRDAI, Dr. Manoj Anand, Whole Time Member (Finance), PFRDA, and other esteemed organizations enriched the discussions with their expertise, making Day 1 a true melting pot of global insights on pension sector.

    The second day, scheduled for April 4, 2025, witnessed elevated discourse with a series of Research Paper Presentations showcasing innovative studies on pension systems. The concluding day featured two additional panel discussions.

    The first panel discussion was focussed on “Promoting Financial Literacy for Sustainable Retirement Planning” by the esteemed scholars from leading educational institutions. The key topics explored included strategies to enhance coverage while ensuring persistency, changing demographic trends, social pressures and gender biases, integrating financial literacy courses into school curricula under the National Education Policy (NEP), adopting a targeted approach for various population segments, and leveraging influencer marketing strategies. The session was moderated by Ms Mamta Shankar, WTM, PFRDA and addressed by Prof. Simrit Kaur, Principal, SRCC, Dr. Arvind Sahay, Director, MDI, Dr. Pawan Kumar Singh, Director, IIM Tiruchirappalli, Dr. Ashok Banerjee, Director, IIM Udaipur, Dr. Bhimaraya Metri, Director, IIM Nagpur, Sh. S Karthikeyan, Director, DFS, Ministry of Finance.

    The second session was aimed to discuss ‘Pension Fund Investments with a Focus on Risk and Return’ focused on identifying strategies by the Pension Funds to address long-term pension obligations while maintaining the portfolio’s risk-return balance. Key considerations included optimizing asset allocation, diversifying investments, stress-testing, potential impact of AI/ML in investment decision making and incorporating liability-driven investing approaches to align cash flows with future pay-outs without compromising growth potential. The session was moderated by Prof. V Ravi Anshuman, IIM Bangalore and addressed by Prof. S.V.D. Nageswara Rao, Head, SOM, IIT Bombay, Prof. Rupamanjari Sinha Ray, Management Development Institute, Gurgaon and Mr. Vivek Iyer, Grant Thornton Bharat LLP

    The panel discussion was followed by the award ceremony and Mr Rajan Raju, Invespar Pted Limited and Mr Ravi Saraogi, Samasthiti Advisors India and Ms. Pankhuri Sinha  and Lokanandha Reddy Irala, University of Hyderabad were honored as top honorees for best research papers. The event concluded on a commemorative note, highlighting the insightful discussions and learnings from the Conference by Ms. Sumeet Kaur Kapoor, Executive Director, PFRDA. The Vote of Thanks was delivered by Mr. P Arumugarangarajan, Chief General Manager, PFRDA, who expressed gratitude to the esteemed speakers, panelists, researchers and participants for their valuable insights and contributions, marking a successful conclusion to the event.

    *****

    NB/AD

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    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: Ministry of Rural Development Hosts Webinar and Launches Key Initiatives to Empower Rural Women

    Source: Government of India

    Posted On: 05 APR 2025 11:05AM by PIB Delhi

    The Ministry of Rural Development (MoRD) organized an engaging webinar on Friday, bringing together inspiring Lakhpati Didis and representatives from State Rural Livelihood Missions (SRLMs). This session was part of the post-budget consultation series aimed at implementing the Budget 2025-26 announcements with a focus on collaboration and strategic action.

    Shri Shailesh Kumar Singh, Secretary, MoRD, emphasized the importance of State partnerships in advancing the Rural Prosperity and Resilience Programme. Shri T. K. Anil Kumar, Additional Secretary, MoRD, provided a detailed outline for the interaction, setting the tone for constructive discussions. Participants shared valuable insights and strategies to empower more Self Help Group (SHG) women to achieve financial independence and success. The consultation revolved around four critical pillars of rural prosperity: Infrastructure, Finance, Marketing, and Skill Development.

    As part of its commitment to empowering rural women, MoRD also launched the Entrepreneurship Planning Digital Tool (EPDT), designed to support aspiring Lakhpati Didis in crafting effective business plans. Developed by LoKOS, the tool simplifies data entry for SHG members, tracks entrepreneurial progress, and offers necessary guidance, making it a key resource for fostering entrepreneurship.

    Additionally, a toll-free number—0120-5202521—was introduced to assist women with queries related to becoming Lakhpati Didis. Available Monday to Saturday, from 9 am to 6 pm (excluding National Holidays), the helpline aims to provide timely and effective support.

    Ms. Smriti Sharan, Joint Secretary, MoRD, Ms. Swati Sharma, Joint Secretary, MoRD along with other senior officers and thematic team members were present on this occasion.

    *****

    PSF/AR

    (Release ID: 2119152) Visitor Counter : 61

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: List of Outcomes: Visit of Prime Minister to Sri Lanka

    Source: Government of India

    Posted On: 05 APR 2025 1:45PM by PIB Delhi

    S. No. Agreement/MoU Representative from Sri Lankan side Representative from Indian side

    1.

    MoU between the Government of the Republic of India and the Government of the Democratic Socialist Republic of Sri Lanka for Implementation of HVDC Interconnection for Import/Export of Power

    Prof. K.T.M. Udayanga Hemapala
    Secretary, Ministry of Energy

    Shri Vikram Misri,
    Foreign Secretary

    2.

    MoU between the Ministry of Electronics and Information Technology of the Republic of India and the Ministry of Digital Economy of the Democratic Socialist Republic of Sri Lanka on Cooperation in the Field of Sharing Successful Digital Solutions Implemented at Population Scale for Digital Transformation.

    Mr. Waruna Sri Dhanapala, Acting Secretary, Ministry of Digital Economy

    Shri Vikram Misri,
    Foreign Secretary

    3.

    MoU between the Government of the Republic of India, the Government of the Democratic Socialist Republic of Sri Lanka, and the Government of United Arab Emirates for Cooperation in Development of Trincomalee as an Energy Hub

    Prof. K.T.M. Udayanga Hemapala
    Secretary, Ministry of Energy

    Shri Vikram Misri,
    Foreign Secretary

    4.

    MoU between the Government of the Republic of India and the Government of the Democratic Socialist Republic of Sri Lanka on Defence Cooperation

    Air Vice Marshal Sampath Thuyacontha (Retd.)
    Secretary, Ministry of Defence

    Shri Vikram Misri,
    Foreign Secretary

    5.

    MoU on Multi-sectoral Grant Assistance for Eastern Province

    Mr. K.M.M. Siriwardana Secretary, Ministry of Finance, Planning and Economic Development

    Shri Santosh Jha, High Commissioner of India to Sri Lanka

    6.

    MoU between the Ministry of Health and Family Welfare of the Government of the Republic of India and the Ministry of Health & Mass Media of the Democratic Socialist Republic of Sri Lanka on Cooperation in the Field of Health & Medicine.

    Dr. Anil Jasinghe
    Secretary, Ministry of Health and Mass Media

    Shri Santosh Jha, High Commissioner of India to Sri Lanka

    7.

    MoU on Pharmacopoeial Cooperation between the Indian Pharmacopoeia Commission, Ministry of Health and Family Welfare, Government of the Republic of India and The National Medicines Regulatory Authority, Government of Democratic Socialist Republic of Sri Lanka.

    Dr. Anil Jasinghe
    Secretary, Ministry of Health and Mass Media

    Shri Santosh Jha, High Commissioner of India to Sri Lanka
    S. No. Projects

    1.

    Inauguration of upgraded railway track of Maho-Omanthai railway line.

    2.

    Launch of Construction of Signalling System for Maho-Anuradhapura railway line.

    3.

    Ground Breaking ceremony of Sampur Solar power project (virtual).

    4.

    Inauguration of Temperature Controlled Agricultural Warehouse in Dambulla (virtual).

    5.

    Supply of Solar Rooftop Systems for 5000 Religious Institutions across Sri Lanka (virtual).

    Announcements:

    During the visit, Prime Minister Modi announced comprehensive capacity-building programme in India covering 700 Sri Lankans annually; India’s grant assistance for the development of Thirukoneswaram temple in Trincomalee, Sita Eliya temple in Nuwara Eliya, and Sacred City Complex project in Anuradhapura; the Exposition of Lord Buddha relics in Sri Lanka on International Vesak Day 2025; as well as the conclusion of Bilateral Amendatory Agreements on Debt Restructuring.

    *****

    MJPS/SR/SKS

    (Release ID: 2119186) Visitor Counter : 17

    MIL OSI Asia Pacific News –

  • MIL-OSI USA: FEMA Ends Wasteful, Politicized Grant Program, Returning Agency to Core Mission of Helping Americans Recovering from Natural Disasters

    Source: US Federal Emergency Management Agency

    Headline: FEMA Ends Wasteful, Politicized Grant Program, Returning Agency to Core Mission of Helping Americans Recovering from Natural Disasters

    FEMA Ends Wasteful, Politicized Grant Program, Returning Agency to Core Mission of Helping Americans Recovering from Natural Disasters

    Under Secretary Noem, DHS is eliminating waste, fraud and abuseWASHINGTON — FEMA is ending the Building Resilient Infrastructure and Communities (BRIC) program and canceling all BRIC applications from Fiscal Years 2020-2023

    If grant funds have not been distributed to states, tribes, territories and local communities, funds will be immediately returned either to the Disaster Relief Fund or the U

    S

    Treasury

    Statement Attributable to a FEMA Spokesperson: “The BRIC program was yet another example of a wasteful and ineffective FEMA program

    It was more concerned with political agendas than helping Americans affected by natural disasters

    Under Secretary Noem’s leadership, we are committed to ensuring that Americans in crisis can get the help and resources they need

    ”Approximately $882 million of funding from the Infrastructure Investment and Jobs Act will be returned to the U

    S

    Treasury or reapportioned by Congress in the next fiscal year

    The 2021 law made $1 billion available for BRIC over five years, $133 million to date has been provided for about 450 applications

    FEMA estimates more than $3

    6 billion will remain in the Disaster Relief Fund to assist with disaster response and recovery for communities and survivors

    Ending this program will help ensure that grant funding aligns with the President’s Executive Orders and Secretary Noem’s direction and best support states and local communities in disaster planning, response and recovery

     
    amy

    ashbridge
    Fri, 04/04/2025 – 20:03

    MIL OSI USA News –

  • MIL-OSI Asia-Pac: Union Minister for Finance and Corporate Affairs Smt. Nirmala Sitharaman to embark on an official visit to United Kingdom and Austria today

    Source: Government of India

    Union Minister for Finance and Corporate Affairs Smt. Nirmala Sitharaman to embark on an official visit to United Kingdom and Austria today

    Union Finance Minister will participate in 13th Ministerial round of India-UK Economic & Financial Dialogue (13th EFD), besides bilateral meetings, engagement with think tanks, investors, business leaders in both United Kingdom and Austria

    Posted On: 07 APR 2025 1:03PM by PIB Delhi

    Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman will embark on an official visit to the United Kingdom and Austria from 8th to 13th April 2025, today. Smt. Sitharaman is also scheduled to attend Ministerial Level Bilateral meetings in both countries.

    During the course of the visit, the Union Finance Minister will participate in the 13th Ministerial round of India – UK Economic & Financial Dialogue and engagements with think tanks, investors, business leaders in United Kingdom and Austria.

    The 13th round of the India-UK Economic and Financial Dialogue (13th EFD) is scheduled to be held in London, United Kingdom on 9th of April 2025. The 13th EFD dialogue will be co-chaired by the Union Minister for Finance and Corporate Affairs and the UK Chancellor of the Exchequer.

    The 13th EFD is a significant bilateral platform between the two countries that offers opportunities for candid engagement at Minister level, officer-level, working groups and between the respective regulatory bodies in various aspects of financial collaboration, including investment matters, financial services, financial regulations, UPI interlinkages, taxation matters and illicit financial flows.

    The key priorities of the 13th EFD dialogue for Indian side include cooperation in IFSC GIFT City, investment, insurance and pension sectors, FinTech and Digital economy, and mobilising affordable and sustainable climate finance.

    The Union Finance Minister and the Rt. Hon. Chancellor of the Exchequer are also set to announce and launch various reports and new initiatives for further collaborations.

    On the sidelines of India-UK 13th EFD, Smt. Sitharaman will engage in bilateral meetings with key dignitaries, participate in investor roundtables and other meetings with heads of key financial institutions and companies.

    During the United Kingdom leg of the official visit, the Union Finance Minister will deliver the keynote address at the India-UK Investor Roundtable in presence of Chief Executive Officers of international organisations, including key management personnel from across the UK financial ecosystem covering pension funds, insurance companies, banks, and financial services institutions among others.

    Union Finance Minister Smt. Nirmala Sitharaman along with UK Secretary of State for Business and Trade Rt. Hon. Jonathan Reynolds will co-host the Roundtable in partnership with City of London, with top CEOs and senior management of prominent pension funds and asset managers in UK as participants.

    During the Austrian leg of the official visit, the Union Finance Minister will hold bilateral meetings with senior Austrian government leaders, including with Mr Markus Marterbauer, Finance Minister, Austria; and H.E. Mr. Christian Stocker, the Federal Chancellor, Austria.

    Smt. Sitharaman and Mr. Wolfgang Hattmannsdorfer, Austrian Minister for Economy, Energy and Tourism, will co-chair a session with key Austrian CEOs to apprise them of existing and upcoming opportunities in India for deeper investment collaboration between the two countries.

    ****

    NB/KMN

    (Release ID: 2119693) Visitor Counter : 172

    MIL OSI Asia Pacific News –

  • MIL-OSI Europe: Answer to a written question – Strategic importance of aviation and inclusion of sustainable aviation fuels in the Clean Industrial Deal – E-000740/2025(ASW)

    Source: European Parliament

    As highlighted in the recently published report of the Commission on the ReFuelEU Aviation SAF flexibility mechanism[1], the regulatory certainty provided by Regulation (EU) 2023/2405[2] (ReFuelEU Aviation) coupled with the incentives and financial support provided under Directive 2003/87/EC[3] (EU Emissions Trading System) have led the aviation fuel industry to ramp-up the production capacity of sustainable aviation fuels (SAF) in the EU, at least for aviation biofuels.

    The Commission is aware that aviation fuel producers have not yet launched the required investments for the upscaling of synthetic aviation fuel production plants which are crucial to achieve the decarbonisation goals of the aviation sector.

    As announced under the Clean Industrial Deal[4], the Commission will come forward with a Sustainable Transport Investment Plan (STIP) later in 2025, outlining a strategic approach to scale-up and priorities investments in transport decarbonisation solutions, including SAF.

    Moreover, the launch of the Hydrogen Mechanism under the European Hydrogen Bank in the second quarter of 2025 will mobilise and connect offtakers and suppliers, linking participants with financing and de-risking instruments to facilitate aggregation of offtakers’ demand for hydrogen and hydrogen-derived fuels in hard-to-decarbonise industrial sectors and transport, e.g. in the maritime and aviation sector.

    In parallel, the Commission will continue to monitor developments in the sustainable aviation fuel sector and particularly the development of synthetic aviation fuels production projects across the EU.

    • [1] https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=COM%3A2025%3A59%3AFIN&qid=1740729099091
    • [2] https://eur-lex.europa.eu/eli/reg/2023/2405/oj/eng
    • [3] https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX%3A02003L0087-20240301
    • [4] https://commission.europa.eu/topics/eu-competitiveness/clean-industrial-deal_en
    Last updated: 7 April 2025

    MIL OSI Europe News –

  • MIL-OSI: Bitget Chief of Legal’s Open Letter Highlights Expansion and Regulatory Compliance Plans

    Source: GlobeNewswire (MIL-OSI)

    VICTORIA, Seychelles, April 07, 2025 (GLOBE NEWSWIRE) — Bitget, the leading cryptocurrency exchange and Web3 company, has published an open letter by its Chief Legal Officer, Hon Ng, which highlights the exchange’s efforts in global regulatory compliance and expansion. The CEX continues to grow in the global crypto market by securing regulatory approvals and expanding its operations. With a strong focus on compliance, Bitget is navigating evolving regulatory landscapes with over eight licenses obtained while ensuring that users have access to a secure and transparent trading environment.

    Hon Ng, Chief Legal Officer at Bitget, has addressed the company’s strategic direction in an open letter, providing plans to grow Bitget’s regulatory standing across multiple jurisdictions. His statements show the importance of regulatory dialogues and highlight upcoming initiatives that will shape the platform’s future.

    “The regulatory environment surrounding digital assets is becoming more defined, and Bitget is taking proactive steps to work alongside authorities to ensure responsible growth. Compliance is not an obligation it’s a necessity; it’s about setting a standard for the industry and building a sustainable ecosystem for users,” said Hon Ng, Chief Legal Officer at Bitget.

    Bitget has already secured registrations and approvals in several key markets, including Australia, Italy, Poland, Lithuania, the UK, the Czech Republic, and El Salvador. These achievements align with the company’s strategy of working within legal frameworks and supporting initiatives that promote advanced security and user protection. The legal and compliance teams are working closely to obtain additional licenses in jurisdictions that will further enhance the platform’s accessibility and credibility.

    One of the primary objectives for the upcoming year is to refine the company’s compliance protocols. A strong Know Your Customer (KYC) process is being implemented to optimize user verification while adhering to anti-money laundering and counter-terrorism financing regulations. In parallel, Bitget is investing in advanced transaction monitoring tools to detect and prevent illicit activity, ensuring that all operations adhere to the highest standards of financial integrity.

    Collaboration with regulators and law enforcement agencies remains a key aspect of Bitget’s compliance efforts. The company has established direct communication channels with authorities to facilitate transparent reporting and improve response times in cases of suspicious activity. By adopting new technological solutions, Bitget aims to enhance global cooperation while safeguarding user privacy.

    In addition to regulatory advancements, Bitget is focused on introducing innovative products that align with compliance requirements. Bitget is already building even stronger user protection, risk management features, and enhanced security measures that strengthen the platform’s durability and credibility. This is in line with the company’s targets of maintaining a secure, compliant, and user-centric trading platform.

    As part of its commitment to responsible operations, Bitget strictly adheres to international sanctions controls. Users from restricted regions are prohibited from accessing the platform, ensuring that all activities remain within legal boundaries. A dedicated compliance team continuously monitors global regulatory developments to adjust policies as needed.

    Bitget’s legal and compliance strategy is designed to adapt to the rapidly changing digital asset landscape. With regulatory discussions evolving worldwide, the company is prepared to adjust its framework to align with new policies and emerging industry standards. The legal team remains engaged in conversations with policymakers to contribute to the responsible development of crypto regulations.

    “Compliance is a continuous process that requires foresight and collaboration. Our goal here is simple: we comply, expand, operate, and grow. Our focus remains on making crypto accessible to everyone globally, and each license and approval is a step closer to it,” added Ng.

    Bitget’s ongoing expansion and compliance efforts reaffirm its role as a leading player in the crypto market. By staying ahead of regulatory changes and implementing rigorous security measures, the company indeed plans to keep its title of being one of the top most trusted crypto exchanges globally.

    About Bitget

    Established in 2018, Bitget is the world’s leading cryptocurrency exchange and Web3 company. Serving over 100 million users in 150+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions, while offering real-time access to Bitcoin price, Ethereum price, and other cryptocurrency prices. Formerly known as BitKeep, Bitget Wallet is a world-class multi-chain crypto wallet that offers an array of comprehensive Web3 solutions and features including wallet functionality, token swap, NFT Marketplace, DApp browser, and more.

    Bitget is at the forefront of driving crypto adoption through strategic partnerships, such as its role as the Official Crypto Partner of the World’s Top Football League, LALIGA, in EASTERN, SEA and LATAM markets, as well as a global partner of Turkish National athletes Buse Tosun Çavuşoğlu (Wrestling world champion), Samet Gümüş (Boxing gold medalist) and İlkin Aydın (Volleyball national team), to inspire the global community to embrace the future of cryptocurrency.

    For more information, visit: Website | Twitter | Telegram | LinkedIn | Discord | Bitget Wallet

    For media inquiries, please contact: media@bitget.com

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

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/3ce89060-7391-4f7b-8779-f290efb24dc4

    The MIL Network –

  • MIL-OSI: Beneficient Enters into $9.6 Million GP Primary Capital Transaction

    Source: GlobeNewswire (MIL-OSI)

    DALLAS, April 07, 2025 (GLOBE NEWSWIRE) — Beneficient (NASDAQ: BENF) (“Ben” or the “Company”), a technology-enabled platform providing exit opportunities and primary capital solutions and related trust and custody services to holders of alternative assets through its proprietary online platform AltAccess, today announced it has closed on the financing of a $9.6 million primary capital commitment for Pulse Pioneer Fund, LP (“Fund”), a fund managed by Pulse Pioneer GP, LLC, an asset manager that manages venture capital funds that invest in scalable climate companies within its target interdependent investment verticals. The transaction represents Ben’s first GP Primary transaction of the fiscal year. In exchange for an interest in the Fund, the Fund received approximately $9.6 million in stated value of shares of the Company’s Resettable Convertible Preferred Stock (the “Preferred Stock”), which is convertible at the election of the holder into shares of the Company’s Class A common stock, subject to the terms and conditions of the transaction documents. As a result of the transaction, the collateral for Company’s ExAlt loan portfolio is expected to increase by approximately $9.6 million of interests in alternative assets.

    “Successfully completing another GP primary capital transaction reinforces our ability to execute on our core liquidity and primary capital strategy by delivering innovative financing solutions for alternative asset holders and managers,” said Beneficient management. “We believe this financing reflects our ability to drive shareholder value while supporting impactful, vertically integrated investment strategies that enhance the value of the collateral backing our ExAlt loan portfolio. We’re excited to build on this momentum as we enter the new fiscal year and we continue to pursue additional opportunities that align with our strategic vision and growth objectives.”

    Upon closing of the previously announced Public Stockholder Enhancement Transactions (the “Transactions”), the Company believes this transaction will result in the addition of approximately $1.28 million (and an aggregate of approximately $10.46 million) of tangible book value attributable to the Company’s stockholders.

    Beneficient’s GP Primary Commitment Program is focused on providing primary capital solutions and financing anchor commitments to general partners during their fundraising efforts while immediately deploying capital into our equity. Through the program, Beneficient seeks to help satisfy the up to $330 billion of potential demand for primary commitments to meet fundraising needs.

    Reconciliation of Non-GAAP Financial Measures            
         
    The following tables reconciles these non-GAAP financial measures to the most comparable GAAP financial measures as of December 31, 2024, on an actual basis and pro forma assuming the Transactions occurred on December 31, 2024.    
    (dollars in thousands)   Actual   Pro forma –
    Transactions     (1)    		   Pro forma –
    Transactions
    and GP
    Primary     (3)
    Tangible Book Value            
    Total equity (deficit)     14,260     14,260     23,680  
    Less: Goodwill and intangible assets     (13,014 )   (13,014 )   (13,014 )
    Plus: Total temporary equity     90,526     90,526     90,526  
    Tangible book value     91, 772     91,772     101,372  
                 
        Actual   Pro forma –
    Transactions     (1)    		   Pro forma –
    Transactions
    and GP
    Primary     (3)
    Tangible book value attributable to Ben public company stockholders            
    Tangible book value     91,772     91,772     101,371  
    Less: Tangible book value attributable to Beneficient Holdings noncontrolling interest holders     (91,772 )   (82,595 )   (90,915 )
    Tangible book value attributable to Ben’s public company stockholders     –     9,177(2)   10,457(4)
                 
    Market Capitalization of Ben’s Class A and Class B common stock as of April 4, 2025 (5)   $ 2,728          
    (1)   Assumes the Transactions closed on December 31, 2024 including that the Beneficient Holdings limited partnership agreement was amended to provide that Ben, as the indirect holder of the Class A Units and certain Designated Class S Ordinary Units of Beneficient Holdings, would receive in the event of a liquidation of Beneficient Holdings 10% of the first $100 million of distributions of Beneficient Holdings following the satisfaction of the debts and liabilities of Beneficient Holdings on a consolidated basis.
    (2)   Pro forma for the Transactions, represents 10% of the first $100 million of distributions of Beneficient Holdings in the event of the liquidation of Beneficient Holdings following the satisfaction of the debts and liabilities Beneficient Holdings on a consolidated basis.
    (3)   Assumes the Transactions closed on December 31, 2024 including that the Beneficient Holdings limited partnership agreement was amended to provide that Ben, as the indirect holder of the Class A Units and certain Designated Class S Ordinary Units of Beneficient Holdings, would receive in the event of a liquidation of Beneficient Holdings (i) 10% of the first $100 million of distributions of Beneficient Holdings following the satisfaction of the debts and liabilities of Beneficient Holdings on a consolidated basis and (ii) 33.3333% of the net asset value of the added alternative assets of up to $5 billion in connection with ExAlt Plan liquidity and primary capital transactions entered after December 22, 2024.
    (4)   Pro forma for the Transactions, represents (i) 10% of the first $100 million of distributions of Beneficient Holdings in the event of the liquidation of Beneficient Holdings following the satisfaction of the debts and liabilities Beneficient Holdings on a consolidated basis and (ii) 33.3333% of the net asset value of the added alternative assets of up to $5 billion in connection with ExAlt Plan liquidity and primary capital transactions entered after December 22, 2024.
    (5)   Based upon the closing price of the Class A common stock as reported by Nasdaq as of market close on April 4, 2025.
         

    About Beneficient 
    Beneficient (Nasdaq: BENF) – Ben, for short – is on a mission to democratize the global alternative asset investment market by providing traditionally underserved investors − mid-to-high net worth individuals, small-to-midsized institutions and General Partners seeking exit options, anchor commitments and valued-added services for their funds− with solutions that could help them unlock the value in their alternative assets. Ben’s AltQuote® tool provides customers with a range of potential exit options within minutes, while customers can log on to the AltAccess® portal to explore opportunities and receive proposals in a secure online environment.
    Its subsidiary, Beneficient Fiduciary Financial, L.L.C., received its charter under the State of Kansas’ Technology-Enabled Fiduciary Financial Institution (TEFFI) Act and is subject to regulatory oversight by the Office of the State Bank Commissioner. 

    For more information, visit www.trustben.com or follow us on LinkedIn. 

    Contacts
    Matt Kreps: 214-597-8200, mkreps@darrowir.com
    Michael Wetherington: 214-284-1199, mwetherington@darrowir.com
    Investor Relations: investors@beneficient.com

    Important Information and Where You Can Find It

    This press release may be deemed to be solicitation material in respect of a vote of stockholders to approve an amendment to approve the issuance of the Company’s Class A common stock upon conversion of the Series B-6 Preferred Stock pursuant to the transaction. In connection with the requisite stockholder approval, Ben will file with the Securities and Exchange Commission (the “SEC”) a preliminary proxy statement and a definitive proxy statement, which will be sent to the stockholders of Ben, seeking such approvals related to the transaction.

    INVESTORS AND SECURITY HOLDERS OF BEN AND THEIR RESPECTIVE AFFILIATES ARE URGED TO READ, WHEN AVAILABLE, THE PROXY STATEMENT AND ANY OTHER RELEVANT DOCUMENTS FILED OR TO BE FILED WITH THE SEC IN CONNECTION WITH THE TRANSACTION, AS WELL AS ANY AMENDMENTS OR SUPPLEMENTS TO THOSE DOCUMENTS, BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT BEN AND THE TRANSACTION. Investors and security holders will be able to obtain a free copy of the proxy statement, as well as other relevant documents filed with the SEC containing information about Ben, without charge, at the SEC’s website (http://www.sec.gov). Copies of documents filed with the SEC by Ben can also be obtained, without charge, by directing a request to Investor Relations, Beneficient, 325 North St. Paul Street, Suite 4850, Dallas, Texas 75201, or email investors@beneficient.com.

    Participants in the Solicitation of Proxies in Connection with Transaction

    Ben and certain of its directors, executive officers and employees may be deemed to be participants in the solicitation of proxies in respect of the requisite stockholder approvals under the rules of the SEC. Information regarding Ben’s directors and executive officers is available in its annual report on Form 10-K for the fiscal year ended March 31, 2024, which was filed with the SEC on July 9, 2024 and certain current reports on Form 8-K filed by Ben. Other information regarding the participants in the solicitation of proxies with respect to the proposed transaction and a description of their direct and indirect interests, by security holdings or otherwise, will be contained in the proxy statement and other relevant materials to be filed with the SEC. Free copies of these documents, when available, may be obtained as described in the preceding paragraph.

    Not an Offer of Securities

    The information in this communication is for informational purposes only and shall not constitute, or form a part of, an offer to sell or the solicitation of an offer to sell or the solicitation of an offer to buy any securities. The securities that are the subject of the transaction have not been registered under the Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.

    Forward Looking Statements

    Except for the historical information contained herein, the matters set forth in this press release are forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include, but are not limited to, statements regarding the Transactions, including receipt of required approvals and satisfaction of other customary closing conditions and excepted timing of closing of the Transactions, and expectations of future plans, strategies, and benefits of the Transactions. The words ”anticipate,” “believe,” ”continue,” “could,” “estimate,” “expect,” “intends,” “may,” “might,” ”plan,” “possible,” “potential,” “predict,” “project,” “should,” “would” and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements are based on our management’s beliefs, as well as assumptions made by, and information currently available to, them. Because such statements are based on expectations as to future financial and operating results and are not statements of fact, actual results may differ materially from those projected.

    Important factors that could cause actual results to differ materially from those expressed in the forward-looking statements include, among others: the ultimate outcome of the transaction, including obtaining the requisite vote of securityholders; the Company’s ability to meet expectations regarding the timing and completion of the transaction; and the risks, uncertainties, and factors set forth under “Risk Factors” in the Company’s most recent Annual Report on Form 10-K and its subsequently filed Quarterly Reports on Form 10-Q. Forward-looking statements speak only as of the date they are made. The Company assumes no obligation to update forward-looking statements to reflect actual results, subsequent events, or circumstances or other changes affecting such statements except to the extent required by applicable law.

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

    The MIL Network –

  • MIL-OSI Europe: Text adopted – Energy-intensive industries – P10_TA(2025)0065 – Thursday, 3 April 2025 – Strasbourg

    Source: European Parliament

    The European Parliament,

    –  having regard to the report of September 2024 by Mario Draghi entitled ‘On the future of European competitiveness’,

    –  having regard to the report of April 2024 by Enrico Letta entitled ‘Much more than a market’,

    –  having regard to the Commission communication of 26 February 2025 entitled ‘The Clean Industrial Deal: A joint roadmap for competitiveness and decarbonisation’ (COM(2025)0085),

    –  having regard to the Commission communication of 26 February 2025 entitled ‘Action Plan for Affordable Energy’ (COM(2025)0079),

    –  having regard to Rule 136(2) of its Rules of Procedure,

    –  having regard to the motion for a resolution of the Committee on Industry, Research and Energy,

    A.  whereas energy-intensive industries (EIIs) account for a significant share of the EU’s economy and play a key role in job creation, especially in areas and regions where they are concentrated; whereas EIIs are crucial for the EU’s strategic autonomy and competitiveness, as well as for decarbonisation, taking into account their energy footprint;

    B.  whereas the transition to a decarbonised economy and a clean energy system must lead to reducing energy prices and must take into account all available technologies that contribute to reaching the EU’s net zero goal for 2050 in the most cost-efficient way, avoiding lock-in effects and taking into account the different energy mix across Member States, including with regard to renewables and nuclear;

    C.  whereas technological neutrality is crucial for European industry as it ensures fair competition, fosters innovation and supports the clean transition without favouring specific technologies; whereas maintaining a neutral regulatory framework allows companies to choose the most efficient and sustainable solutions based on market needs rather than top-down preferences set by policymakers; whereas this approach encourages investment, boosts competitiveness and allows industry to adapt to new technologies;

    D.  whereas electrification is at the centre of the decarbonisation of EIIs; whereas EIIs include sectors that use fossil resources to meet temperature, pressure or reaction requirements, such as chemicals, steel, paper, plastics, mining, refineries, cement, lime, non-ferrous metals, glass, ceramics and fertilisers, for which greenhouse gas emissions are hard to reduce because they are intrinsic to the process or because of high capital or operating expenditure costs or low technological maturity;

    E.  whereas the energy price gap between the EU and the US and China undermines the competitiveness of the EU’s industries; whereas elevated and volatile fossil fuel prices heavily affect electricity prices and the affordable cost of renewable energy sources is not transferred to energy bills;

    F.  whereas an insufficiently integrated energy union poses further challenges to EIIs, in particular in relation to the lack of cross-border interconnections and the limited availability of clean energy, owing to lengthy permitting procedures or high capital or operating expenditures, as well as grid congestion;

    G.  whereas the emissions trading system (ETS) provided long-term investment signals and helped bring down the emissions of ETS sectors by 47 %; whereas the energy market has profoundly changed since the introduction of the ETS, especially after Russia’s invasion of Ukraine and the shift from pipeline gas to liquid natural gas (LNG); whereas a lack of carbon market transparency risks hampering EIIs’ competitiveness; whereas ETS revenues are used unevenly across Member States, failing to adequately support EIIs’ decarbonisation;

    H.  whereas unnecessary regulatory burdens and lengthy permitting procedures undermine the business case for investing in decarbonisation in Europe; whereas the concept of overriding public interest is provided for in EU legislation; whereas complex and fragmented EU funding impedes timely investment in net-zero technologies and digitalisation, in particular for small and medium-sized enterprises (SMEs);

    I.  whereas the lack of necessary private investment risks hindering EIIs’ decarbonisation; whereas relying excessively on State aid can have the unwanted consequences of exacerbating disparities and distorting competition across the EU;

    J.  whereas the EU’s dependencies and limited access, both in quantity and quality, to primary and secondary raw materials pose significant challenges to EIIs; whereas circularity and efficiency can help reduce the annual investment needs in industry and in energy supply; whereas currently, ferrous metals exported to non-EU countries account for more than half of all EU waste exports, raising concerns about their sound treatment;

    K.  whereas unfair competition from non-EU countries, including subsidised overcapacity, poses a great challenge to EU companies; whereas many regions around the world do not currently have ambitious decarbonisation targets, thus increasing the risk of carbon leakage;

    L.  whereas a profound transformation of EIIs cannot succeed without the involvement of local and regional communities, workers and social partners, which are heavily affected by the transition;

    1.  Reiterates its commitment to the EU’s decarbonisation objectives and to stable and predictable climate and industrial policies;

    2.  Calls on the Member States to accelerate permitting and licensing processes for clean energy projects, ensuring administrative capacity, and to facilitate grid connections to enable clean, on-site energy generation, especially in remote areas; stresses that the growth of renewables and electrification will require massive investment in grids and in flexibility, storage and distribution networks; calls on the Commission to develop, beyond the concept of overriding public interest, solutions for speeding up decarbonisation projects;

    3.  Believes that further action is needed to implement the electricity market design (EMD) rules, especially to promote power purchase agreements (PPAs) and two-way contracts for difference (CfDs) to reduce volatility and energy costs for EIIs; calls on the Commission to propose urgent measures to address current barriers to the signing of long-term agreements, especially for SMEs, using risk reduction instruments and guarantees, including public guarantee such as by the European Investment Bank (EIB); suggests that additional ways to decouple fossil fuel prices from electricity prices be explored, in the framework of the EMD, including with the aim of boosting long-term contracts in line with the affordable energy action plan, and by advancing the analysis of short-term markets to 2025 with a view to considering alternative market design options;

    4.  Calls on the Commission to assess the possibility of scaling up best practice for EIIs from Member States, such as Italy’s energy release; calls on the Commission to develop recommendations for reducing the exposure of consumers, and especially EIIs, to rising energy costs, such as by reducing taxes and levies and harmonising network charges, while ensuring public investment in grids;

    5.  Calls for the enhancement of energy system integration, in particular in relation to cross-border interconnections, to ensure clean and resilient energy supply; asks for increased investment in flexibility, such as storage, including pumped storage hydropower and heat and waste heat storage, and demand response, to optimise grid stability; recalls the importance of energy efficiency in bringing costs down;

    6.  Underlines the need to phase out natural gas as soon as possible; stresses that some sectors cannot rely substantially on electrification in the short to medium term; underlines that carbon capture, utilisation and storage plays a key role in the decarbonisation of hard-to-abate sectors and the production of low-carbon products, including low-carbon hydrogen; calls on the Member States – over the same time span and for these limited sectors – to develop measures to address gas price spikes in duly justified cases; calls on the Commission to develop tools to ensure gas supply at a mitigated cost, by enabling demand aggregation, building on AggregateEU, and joint gas purchasing, while keeping decarbonisation objectives; highlights the importance of encouraging stable contracts with gas suppliers, diversifying supply routes and improving market transparency and stability, in line with current legislation; calls for an impact assessment in the upcoming ETS review to analyse the relationship between the gas market and CO2 prices and the role of the market stability reserve and its parameters;

    7.  Calls on the Commission to support EIIs in adopting clean and net-zero technologies, including carbon capture and storage and low-carbon hydrogen, and energy-efficient production methods by strengthening funding mechanisms and ensuring that ETS revenue is used effectively by Member States; calls for EU-level support to be complemented by State aid that allows for targeted technology neutral support to EIIs, while preserving a level playing field within the single market;

    8.  Calls for InvestEU to be topped up before the next multiannual financial framework (MFF) and for leftover Resilience and Recovery Facility loans to support investment in EII decarbonisation; notes that the Strategic Technologies for Europe Platform already allows for flexibility within current programmes but that this is insufficient; insists that the upcoming MFF increase funding to support EIIs, building on the Innovation Fund and the Connecting Europe Facility – Energy or through the competitiveness fund; stresses that the European Hydrogen Bank and the carbon contracts for difference programme need to be scaled up; calls on the Commission to build on the Net-Zero Industry Act(1) in the upcoming decarbonisation accelerator act, to streamline the processes for granting permits and strategic project status;

    9.  Stresses the need to simplify bureaucratic procedures to enhance the attractiveness of private investment and support EIIs’ transition; believes that both InvestEU and the EIB are pivotal in catalysing private financing, especially through de-risking measures;

    10.  Emphasises the need to secure access to critical raw materials; stresses that the upcoming circular economy act should improve resource efficiency, including through better waste management of products containing critical raw materials, as well as fostering the demand and availability of secondary raw materials; stresses the need to define those secondary raw materials that are strategic and that should be subject to export monitoring, such as steel and metal scrap, and to tackle any imbalance in their supply and demand, including by exploring export restrictions; insists on the effective enforcement of the Waste Shipment Regulation(2);

    11.  Calls on the Commission to make full and efficient use of trade defence instruments; calls on the Commission to find a permanent solution to address unfair competition and structural overcapacity, before the expiry of current steel safeguard measures in 2026; calls on the Commission to engage with the US in relation to the announced tariffs on EU imports and avoid any harmful escalation;

    12.  Stresses that an effective implementation of the carbon border adjustment mechanism (CBAM) is essential to ensure a level playing field for EU industries and prevent carbon leakage, taking into account the impact of the parallel phasing out of the ETS free allowances and the risk of increased production costs; calls on the Commission to address the risks of resource shuffling and circumvention of the CBAM; asks, furthermore, for the implementation of an effective solution for EU exporters and an analysis of the possible extension to further sectors and downstream products, preceded by an impact assessment;

    13.  Calls for the creation of lead markets for clean and circular European products, via non-price criteria in EU public procurement, such as sustainability and resilience and a European preference for strategic sectors, as well as by creating voluntary labelling schemes and minimum EU content requirements in a cost-effective way;

    14.  Highlights the importance of a just transition to assist areas heavily reliant on EIIs, by keeping and creating quality jobs through upskilling and reskilling programmes for workers and through the effective use of regional support mechanisms, such as the Just Transition Fund and the Cohesion Fund; stresses that public support will be pivotal for the transition of EIIs and that this support should be tied to their commitment to safeguarding employment and working conditions and preventing off-shoring; welcomes the Union of Skills initiative to ensure a good match between skills and labour market demands;

    15.  Instructs its President to forward this resolution to the Commission, the Council and the governments and parliaments of the Member States.

    (1) Regulation (EU) 2024/1735 of the European Parliament and of the Council of 13 June 2024 on establishing a framework of measures for strengthening Europe’s net-zero technology manufacturing ecosystem and amending Regulation (EU) 2018/1724 (OJ L, 2024/1735, 28.6.2024, ELI: http://data.europa.eu/eli/reg/2024/1735/oj).
    (2) Regulation (EU) 2024/1157 of the European Parliament and of the Council of 11 April 2024 on shipments of waste, amending Regulations (EU) No 1257/2013 and (EU) 2020/1056 and repealing Regulation (EC) No 1013/2006 (OJ L, 2024/1157, 30.4.2024, ELI: http://data.europa.eu/eli/reg/2024/1157/oj).

    MIL OSI Europe News –

  • MIL-OSI Europe: Text adopted – Immediate risk of further repression by Lukashenka’s regime in Belarus – threats from the Investigative Committee – P10_TA(2025)0063 – Thursday, 3 April 2025 – Strasbourg

    Source: European Parliament

    The European Parliament,

    –  having regard to its previous resolutions on Belarus,

    –  having regard to Rules 150(5) and 136(4) of its Rules of Procedure,

    A.  whereas the Lukashenka regime has been escalating internal and transnational repression to dismantle the structures representing the democratic forces of Belarus;

    B.  whereas UN experts recently confirmed arbitrary arrests and detentions, accompanied by torture or ill treatment and even reported evidence for crimes against humanity; whereas more than 1 200 political prisoners, including Viktoryia Kulsha, Volha Mayorava, Alena Hnauk and Andrzej Poczobut, are still jailed;

    C.  whereas the Belarusian Investigative Committee has opened ‘special proceedings’ against hundreds of Belarusians who joined rallies in various European cities or ran in the Coordination Council’s elections; whereas the families of the Belarusian diaspora were threatened with imprisonment and asset confiscation if they participated in Freedom Day protests;

    D.  whereas Lukashenka’s regime is exploiting the expiry of many Belarusian passports to force the diaspora to return to Belarus;

    E.  whereas the Belarusian regime’s increasing cooperation with Russian security services heightens the risk of coordinated repression, surveillance and hybrid threats in EU territory;

    F.  whereas Belarusian state media dominates the information landscape;

    1.  Demands that Lukashenka’s regime immediately cease its repression, including the surveillance of exiles and demonstrators, and release and rehabilitate all political prisoners;

    2.  Strongly condemns the continued expansion of repression by the Lukashenka regime, which now targets Belarusians abroad with criminal prosecution, asset seizures and other measures designed to silence dissent;

    3.  Calls for EU-wide legal support and protection for exiled Belarusians by simplifying procedures for obtaining visas, resident permits and provisional IDs for individuals made stateless by extraterritorial persecution;

    4.  Reiterates its non-recognition of Lukashenka and considers the persecution of Belarusian citizens for peaceful democratic activities abroad via Investigative Committee ‘special proceedings’ to be a direct violation of the Member States’ territorial sovereignty; urges, therefore, the countries concerned to disregard Interpol arrest warrants for the extradition of Lukashenka’s political opponents;

    5.  Welcomes the sanctions on the President Property Management Directorate and the Central Election Commission, which issued politically motivated judgments; urges the immediate imposition of personal sanctions on all members of the Belarusian Investigative Committee and officials from other state institutions complicit in the transnational persecution and intimidation of Belarusian citizens;

    6.  Strongly advocates the swift development and enforcement of a legal mechanism to identify, freeze and confiscate all assets and property outside Belarus owned by Lukashenka and his inner circle, with a view to reallocating them to a fund supporting victims of repression;

    7.  Urges the Member States to impose further sanctions equal to those imposed on Russia, particularly on officials responsible for transnational repression;

    8.  Urges the EU and its Member States to increase political, financial and technical support for the independent media, human rights defenders, trade unions and civil society initiatives operating within and outside Belarus, including monitoring trials and increasing the visibility of political prisoners;

    9.  Calls on the VP/HR to use INTCEN and EDMO to counteract Belarusian intelligence operations and disinformation;

    10.  Urges the International Criminal Court to expedite proceedings on crimes against humanity by Lukashenka’s regime and demands that Member States pursue accountability through national proceedings, based on the principle of universal jurisdiction;

    11.  Instructs its President to forward this resolution to the VP/HR, the Council, the representatives of the Belarusian democratic forces and the Belarusian de facto authorities.

    MIL OSI Europe News –

  • MIL-OSI Europe: Text adopted – Amending Directives (EU) 2022/2464 and (EU) 2024/1760 as regards the dates from which Member States are to apply certain corporate sustainability reporting and due diligence requirements – P10_TA(2025)0064 – Thursday, 3 April 2025 – Strasbourg

    Source: European Parliament

    (Text with EEA relevance)

    THE EUROPEAN PARLIAMENT AND THE COUNCIL OF THE EUROPEAN UNION,

    Having regard to the Treaty on the Functioning of the European Union, and in particular Articles 50 and 114 thereof,

    Having regard to the proposal from the European Commission,

    After transmission of the draft legislative act to the national parliaments,

    Having regard to the opinion of the European Economic and Social Committee(1),

    Acting in accordance with the ordinary legislative procedure(2),

    Whereas:

    (1)  In its communication of 11 February 2025 entitled ‘A simpler and faster Europe: Communication on implementation and simplification’, the Commission set out a vision for an implementation and simplification agenda that delivers fast and visible improvements for people and business on the ground. That requires more than an incremental approach and the Union is to take bold action to achieve that goal. The European Parliament, the Council, the Commission, the authorities of the Member States at all levels and stakeholders need to work together to streamline and simplify Union, national and regional rules and to implement policies more effectively.

    (2)  In the context of the Commission’s commitment to reducing reporting burdens and to enhancing competitiveness, it is necessary to introduce targeted amendments to Directives (EU) 2022/2464(3) and (EU) 2024/1760(4) of the European Parliament and of the Council in order to achieve those objectives, whilst maintaining the policy objectives of the Green Deal as set out in the Commission’s communication of 11 December 2019 entitled ‘The European Green Deal’ and the Sustainable Finance Action Plan as set out in the Commission’s communication of 8 March 2018 entitled ‘Action Plan: Financing Sustainable Growth’.

    (3)  Directive (EU) 2022/2464 specifies the dates from which Member States are to apply the sustainability reporting requirements set out in Directive 2013/34/EU of the European Parliament and of the Council(5), with different dates depending on the size of the undertaking concerned. Large undertakings that are public-interest entities with more than 500 employees on average during the financial year and public-interest entities that are parent undertakings of a large group with more than 500 employees on average on its balance sheet dates, on a consolidated basis, during the financial year are to report in 2025 for financial years beginning on or after 1 January 2024. Other large undertakings and other parent undertakings of a large group are to report in 2026 for financial years beginning on or after 1 January 2025. Small and medium-sized undertakings, except micro-undertakings, small and non-complex institutions, captive insurance undertakings and captive reinsurance undertakings are to report in 2027 for financial years beginning on or after 1 January 2026. Considering the ongoing Commission initiatives which aim to simplify certain existing sustainability reporting obligations and to reduce the related administrative burden on undertakings, and in order to provide for legal clarity and to avoid the undertakings currently required to report for financial years beginning on or after 1 January 2025 and on or after 1 January 2026 incurring unnecessary and avoidable costs, the sustainability reporting requirements for those undertakings should be postponed by two years.

    (4)  Directive (EU) 2022/2464 specifies the dates from which Member States are to apply the sustainability reporting requirements set out in Directive 2004/109/EC of the European Parliament and of the Council(6), with different dates depending on the size of the issuer concerned. Issuers that are large undertakings with more than 500 employees on average during the financial year and issuers that are parent undertakings of a large group with more than 500 employees on average on its balance sheet dates, on a consolidated basis, during the financial year are to report in 2025 for financial years beginning on or after 1 January 2024. Other issuers that are large undertakings and other issuers that are parent undertakings of a large group are to report in 2026 for financial years beginning on or after 1 January 2025. Issuers that are small and medium-sized undertakings, except micro-undertakings, small and non-complex institutions, captive insurance undertakings and captive reinsurance undertakings are to report in 2027 for financial years beginning on or after 1 January 2026. Considering the ongoing Commission initiatives which aim to simplify certain existing sustainability reporting obligations and to reduce the related administrative burden on undertakings, and in order to provide for legal clarity and to avoid the issuers currently required to report for financial years beginning on or after 1 January 2025 and on or after 1 January 2026 incurring unnecessary and avoidable costs, the sustainability reporting requirements for those issuers should be postponed by two years.

    (5)  The date from which Member States are to apply Directive (EU) 2024/1760 should be postponed by one year for the first set of companies that fall within the scope of that Directive in order to give companies more time to prepare for the requirements of that Directive and to provide them with the opportunity to take into account the guidelines to be issued by the Commission on how they should fulfil their due diligence obligations in a practical manner. Furthermore, the application date of 1 January 2029 for the measures necessary to comply with the reporting obligation pursuant to Article 16 of Directive (EU) 2024/1760 regarding the third set of companies that fall within the scope of that Directive should be amended in order to ensure coherence with the respective application dates for the other sets of companies.

    (6)  Moreover, in the light of a parallel legislative proposal which aims to simplify the sustainability framework and reduce the burden on companies, the deadline for the Member States to transpose Directive (EU) 2024/1760 should be extended by one year in order to take into account possible delays in their ongoing transposition efforts due to possible amendments to that Directive.

    (7)  Since the objectives of this Directive cannot be sufficiently achieved by the Member States but can rather, by reason of the scale or effects of the action, be better achieved at Union level, the Union may adopt measures, in accordance with the principle of subsidiarity as set out in Article 5 of the Treaty on European Union. In accordance with the principle of proportionality as set out in that Article, this Directive does not go beyond what is necessary in order to achieve those objectives.

    (8)  Directives (EU) 2022/2464 and (EU) 2024/1760 should therefore be amended accordingly. Since the amendment to Directive (EU) 2024/1760 alters the transposition deadline and certain dates of application, all of which fall in the future, Member States would only need to postpone the application dates pursuant to Article 2 of this Directive in the event that they have already transposed Directive (EU) 2024/1760.

    (9)  In view of the urgency of the matter and to provide legal certainty as soon as possible, it is considered to be appropriate to invoke the exception to the eight-week period provided for in Article 4 of Protocol No 1 on the role of national Parliaments in the European Union, annexed to the Treaty on European Union, to the Treaty on the Functioning of the European Union and to the Treaty establishing the European Atomic Energy Community.

    (10)  For reasons of urgency and to provide legal certainty as soon as possible, this Directive should enter into force on the day following that of its publication in the Official Journal of the European Union,

    HAVE ADOPTED THIS DIRECTIVE:

    Article 1

    Amendments to Directive (EU) 2022/2464

    Article 5(2) of Directive (EU) 2022/2464 is amended as follows:

    (a)  the first subparagraph is amended as follows:

    (i)  in point (b), the introductory wording is replaced by the following:”

    ‘for financial years starting on or after 1 January 2027:’;

    ”

    (ii)  in point (c), the introductory wording is replaced by the following:”

    ‘for financial years starting on or after 1 January 2028:’;

    ”

    (b)  the third subparagraph is amended as follows:

    (i)  in point (b), the introductory wording is replaced by the following:”

    ‘for financial years starting on or after 1 January 2027:’;

    ”

    (ii)  in point (c), the introductory wording is replaced by the following:”

    ‘for financial years starting on or after 1 January 2028:’.

    ”

    Article 2

    Amendment to Directive (EU) 2024/1760

    In Article 37(1) of Directive (EU) 2024/1760, the first and second subparagraphs are replaced by the following:”

    ‘Member States shall adopt and publish, by 26 July 2027, the laws, regulations and administrative provisions necessary to comply with this Directive. They shall forthwith communicate the text of those measures to the Commission.

    They shall apply those measures:
       (a) from 26 July 2028 as regards companies referred to in Article 2(1), points (a) and (b), which are formed in accordance with the legislation of the Member State and that had more than 3 000 employees on average and generated a net worldwide turnover of more than EUR 900 000 000 in the last financial year preceding 26 July 2028 for which annual financial statements have been or should have been adopted, with the exception of the measures necessary to comply with Article 16, which Member States shall apply to those companies for financial years starting on or after 1 January 2029;
       (b) from 26 July 2028 as regards companies referred to in Article 2(2), points (a) and (b), which are formed in accordance with the legislation of a third country and that generated a net turnover of more than EUR 900 000 000 in the Union, in the financial year preceding the last financial year preceding 26 July 2028, with the exception of the measures necessary to comply with Article 16, which Member States shall apply to those companies for financial years starting on or after 1 January 2029;
       (c) from 26 July 2029 as regards all other companies referred to in Article 2(1), points (a) and (b), and Article 2(2), points (a) and (b), and companies referred to in Article 2(1), point (c), and Article 2(2), point (c), with the exception of the measures necessary to comply with Article 16, which Member States shall apply to those companies for financial years starting on or after 1 January 2030.’.

    ”

    Article 3

    Transposition

    1.  Member States shall bring into force the laws, regulations and administrative provisions necessary to comply with this Directive by 31 December 2025. They shall immediately inform the Commission thereof.

    When Member States adopt those measures, they shall contain a reference to this Directive or be accompanied by such a reference on the occasion of their official publication. The methods of making such reference shall be laid down by Member States.

    2.  Member States shall communicate to the Commission the text of the main measures of national law which they adopt in the field covered by this Directive.

    Article 4

    Entry into force

    This Directive shall enter into force on the day following that of its publication in the Official Journal of the European Union.

    Article 5

    Addressees

    This Directive is addressed to the Member States.

    Done at …,

    For the European Parliament For the Council

    The President The President

    (1) Opinion of 26 March 2025 (not yet published in the Official Journal).
    (2) Position of the European Parliament of 3 April 2025.
    (3) Directive (EU) 2022/2464 of the European Parliament and of the Council of 14 December 2022 amending Regulation (EU) No 537/2014, Directive 2004/109/EC, Directive 2006/43/EC and Directive 2013/34/EU, as regards corporate sustainability reporting (OJ L 322, 16.12.2022, p. 15, ELI: http://data.europa.eu/eli/dir/2022/2464/oj).
    (4) Directive (EU) 2024/1760 of the European Parliament and of the Council of 13 June 2024 on corporate sustainability due diligence and amending Directive (EU) 2019/1937 and Regulation (EU) 2023/2859 (OJ L, 2024/1760, 5.7.2024, ELI: http://data.europa.eu/eli/dir/2024/1760/oj).
    (5) Directive 2013/34/EU of the European Parliament and of the Council of 26 June 2013 on the annual financial statements, consolidated financial statements and related reports of certain types of undertakings, amending Directive 2006/43/EC of the European Parliament and of the Council and repealing Council Directives 78/660/EEC and 83/349/EEC (OJ L 182, 29.6.2013, p. 19, ELI: http://data.europa.eu/eli/dir/2013/34/oj).
    (6) Directive 2004/109/EC of the European Parliament and of the Council of 15 December 2004 on the harmonisation of transparency requirements in relation to information about issuers whose securities are admitted to trading on a regulated market and amending Directive 2001/34/EC (OJ L 390, 31.12.2004, p. 38, ELI: http://data.europa.eu/eli/dir/2004/109/oj).

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