NewzIntel.com

    • Checkout Page
    • Contact Us
    • Default Redirect Page
    • Frontpage
    • Home-2
    • Home-3
    • Lost Password
    • Member Login
    • Member LogOut
    • Member TOS Page
    • My Account
    • NewzIntel Alert Control-Panel
    • NewzIntel Latest Reports
    • Post Views Counter
    • Privacy Policy
    • Public Individual Page
    • Register
    • Subscription Plan
    • Thank You Page

Category: Finance

  • MIL-OSI: Swiss Re to sell 10.05% stake in Definity Financial for CAD 655 million

    Source: GlobeNewswire (MIL-OSI)

    ZURICH, March 18, 2025 (GLOBE NEWSWIRE) — Swiss Re announced an agreement to sell 11,647,217 common shares (“Common Shares”) of Definity Financial Corp. (TSX: DFY) (“Definity”) representing approximately 10.05% of the issued and outstanding Common Shares as of March 17, 2025 (the “Offering”).

    The Common Shares are being sold by Swiss Re Investment Holdings Company Ltd on an underwritten block trade basis at a price of CAD 56.20 per Common Share for aggregate cash proceeds of approximately CAD 655 million. The Offering has been underwritten by CIBC Capital Markets and National Bank Financial Inc. (the “Underwriters”) and is expected to close on March 19, 2025.

    Immediately before the Offering, Swiss Re owned 11,647,217 Common Shares, representing approximately 10.05% of the issued and outstanding Common Shares. After giving effect to the Offering, Swiss Re will no longer hold any Common Shares.

    “We are very impressed with the significant progress Definity has made since its IPO in November 2021 and continue to value the ongoing business relationship with the Company. Swiss Re continues to be a strong believer in Definity’s path towards becoming a leading P&C insurer in Canada,” said Andreas Berger, Swiss Re’s Group Chief Executive Officer. “The sale was done in the context of a regular review and rebalancing of Swiss Re’s investment portfolio and is consistent with the Group’s overall investment strategy across equity and alternative investments.”

    Swiss Re’s head office is located at Mythenquai 50/60 8002 Zurich, Switzerland. Swiss Re will file an early warning report with the securities regulators in each of the provinces and territories of Canada with respect to the foregoing matters pursuant to National Instrument 62-103 – The Early Warning System and Related Take-Over Bid and Insider Reporting Issues, in connection with the Common Shares sold, a copy of which will be available under Definity’s profile on SEDAR+ at www.sedarplus.ca. For further information and/or a copy of the related early warning report to be filed, please contact James Raphael at +1 212 317 5428. Definity’s head office is located at 111 Westmount Road South, Waterloo, Ontario N2L 2L6.

    About Swiss Re
    The Swiss Re Group is one of the world’s leading providers of reinsurance, insurance and other forms of insurance-based risk transfer, working to make the world more resilient. It anticipates and manages risk – from natural catastrophes to climate change, from ageing populations to cyber crime. The aim of the Swiss Re Group is to enable society to thrive and progress, creating new opportunities and solutions for its clients. Headquartered in Zurich, Switzerland, where it was founded in 1863, the Swiss Re Group operates through a network of around 70 offices globally.

    Media Relations
    Zurich
    Telephone +41 43285 7171

    New York
    Telephone +1 914 828 6511

    Investor Relations
    Telephone +41 43 285 4444

    Swiss Re Ltd
    Mythenquai 50/60
    CH-8022 Zurich
    Telephone +41 43 285 2121

    www.swissre.com
    @SwissRe

    Contact person
    Mark Bonthrone
    Mark_Bonthrone@swissre.com
    +1 646 662 0212

    Additional information
    For press releases, logos and photography
    of Swiss Re executives,
    directors or offices go to
    www.swissre.com/media

    The MIL Network –

    March 19, 2025

  • MIL-OSI: CSW Industrials Announces Definitive Agreement to Acquire Aspen Manufacturing for $313.5 Million, Executing Disciplined Capital Allocation and Strategic Expansion in the HVAC/R End Market

    Source: GlobeNewswire (MIL-OSI)

    Aspen Manufacturing Acquisition Highlights

    • Continues the expansion of existing product portfolio in the profitable heating, ventilation, air conditioning, and refrigeration (HVAC/R) end market with the addition of evaporative coils and air handler offerings
    • Aligns with previously established acquisition criteria to leverage existing distribution channels, increase our market share in HVAC/R end market, expand products offerings, and grow share of wallet with our existing customers
    • All of Aspen’s products are designed, engineered and manufactured in the United States
    • Valuation represents approximately 11x Aspen Manufacturing’s estimated 2024 adjusted EBITDA
    • Expected to be immediately accretive to CSWI’s EPS and EBITDA
    • Transaction economics allow CSWI to maintain a strong balance sheet and ample liquidity to continue executing on growth strategy

    DALLAS, March 18, 2025 (GLOBE NEWSWIRE) — CSW Industrials, Inc. (Nasdaq: CSWI) and Aspen Manufacturing announced today the execution of a definitive agreement under which CSWI will acquire Aspen Manufacturing for approximately $313.5 million in cash, subject to customary post-closing adjustments. The proposed purchase price is approximately 11x Aspen Manufacturing’s estimated 2024 adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) of $28.5 million. CSWI anticipates funding the transaction with a combination of cash on hand and debt under its existing $500 million credit facility, with closing expected to occur in the first quarter of CSWI’s 2026 fiscal year following the satisfaction of customary closing conditions, including the expiration or termination of any waiting periods under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended.

    Aspen Manufacturing, based in Humble, Texas, with estimated 2024 revenues of $122.4 million, is one of the largest independent evaporator coil and air handler manufacturers for the HVAC/R industry and is a recognized leader in product quality and indoor comfort. All of Aspen’s products are designed, engineered, and assembled in the United States. Aspen’s current product suite includes a vast range of high-quality residential and light commercial evaporator coils, blowers, and air handling units for single-family, multi-family, and manufactured homes.

    Aspen Manufacturing is uniquely positioned to serve its customers with the current refrigerant transition, having the ability to manufacture legacy (R-410a) and new refrigerant (R-32 and R-454B) rated products, leveraging both copper and aluminum heat transfer technologies. It is well positioned to enable distributors and contractors to service legacy air conditioning systems that have a failed coil or air handler without having to replace the overall system. Moreover, Aspen has been effective in supporting HVAC OEMs with the production of service coils and niche products to serve specific geographies and more effectively meet customer demand.

    Joseph B. Armes, Chairman, President, and Chief Executive Officer of CSW Industrials, said, “I am pleased to announce that we have entered into a definitive agreement to acquire Aspen Manufacturing. This acquisition will allow CSWI to expand our existing HVAC/R product portfolio with an innovative portfolio of high-caliber evaporator coils and air handlers, while building on our existing HVAC/R end market leadership position. With our market knowledge and investment in people, systems, and processes, CSWI is uniquely positioned to accelerate Aspen’s growth strategy. This acquisition will enable us to continue driving above market, profitable growth, and deliver value to our shareholders.”

    Jeff Underwood, Senior Vice President of CSWI and General Manager, Contractor Solutions, commented, “I am eagerly looking forward to Aspen joining the RectorSeal family and our lineup of high-quality HVAC/R, plumbing and electrical products. I have had a chance to form strong relationships with Aspen’s leadership team over the years and know that the team shares our values on how to treat customers and team members. The combined organization will allow us to better serve distributors and contractors with segment-leading products.”

    A presentation with more information about this acquisition is available on CSW’s website at https://cswindustrials.gcs-web.com.

    Safe Harbor Statement
    This press release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, as amended. Words or phrases such as “may,” “should,” “expects,” “could,” “intends,” “plans,” “anticipates,” “estimates,” “believes,” “forecasts,” “predicts” or other similar expressions are intended to identify forward-looking statements, which include, without limitation, earnings forecasts, effective tax rate, statements relating to our business strategy and statements of expectations, beliefs, future plans and strategies and anticipated developments concerning our industry, business, operations, and financial performance and condition.

    The forward-looking statements included in this press release are based on our current expectations, projections, estimates, and assumptions. These statements are only predictions, not guarantees. Such forward-looking statements are subject to numerous risks and uncertainties that are difficult to predict. These risks and uncertainties may cause actual results to differ materially from what is forecast in such forward-looking statements, and include, without limitation, the risk factors described from time to time in our filings with the Securities and Exchange Commission, including our Annual Report on Form 10-K.

    This press release contains estimated results of Aspen Manufacturing for the calendar year 2024 (the “estimated results”). The estimated results are forward-looking statements based on Aspen Manufacturing’s management’s preliminary, unaudited results as of the date hereof, and Aspen Manufacturing’s actual results may be materially different from the estimated results. We assume no obligation to update any forward-looking statement as a result of new information, future events or other factors. Accordingly, you should not place undue reliance on the estimated results. Our independent registered public accounting firm has not audited, reviewed or performed any procedures with respect to the estimated results and does not express any opinion or any other form of assurance with respect thereto.

    All forward-looking statements included in this press release are based on information currently available to us, and we assume no obligation to update any forward-looking statement except as may be required by law.

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

    Investor Relations

    Alexa Huerta
    Vice President, Investor Relations, & Treasurer
    214-489-7113
    alexa.huerta@cswindustrials.com

    The MIL Network –

    March 19, 2025

  • MIL-OSI: Helport AI Expands AI Solutions for the Insurance Industry with Enhanced Insurance Edition

    Source: GlobeNewswire (MIL-OSI)

    Collaboration with Five Insurance Agencies to Pilot Upgraded AI-Powered Software

    SINGAPORE and SAN DIEGO, March 18, 2025 (GLOBE NEWSWIRE) — Helport AI Limited (NASDAQ: HPAI) (“Helport AI” or the “Company”), an AI technology company serving enterprise clients with intelligent customer communication software and services, announced today the official launch of the latest upgraded version of Helport AI Insurance Edition, an AI-powered solution designed specifically for the insurance sector.

    Helport AI has been serving insurance providers for years, offering AI-driven tools designed to optimize customer interactions, streamline claims processes, and enhance policy management. Building on this experience, the enhanced Insurance Edition software introduces new capabilities tailored for broader adoption across the U.S. market.

    As a key milestone for the Company, Helport AI has secured partnerships with five independently owned U.S. insurance agencies, all operating under a nationally recognized, top ten-ranked insurance franchise, to pilot the solution. The AI-powered platform is designed to improve policy recommendations, enhance operational efficiency, and provide real-time compliance monitoring—ultimately aiming to transform how insurance agencies interact with customers.

    Advancing AI Adoption in the Insurance Industry

    The insurance sector presents unique challenges, due to its complex regulatory requirements, broad product offerings, and reliance on expertise-driven decision-making. Traditional training models often lead to inconsistencies in service quality and extended onboarding times for new agents.

    Helport AI Insurance Edition, which initially targeted home and auto insurance sales, seeks to address these challenges by offering a series of capabilities that include:

    • AI-driven expertise: Industry-trained AI assists with policy analysis, risk assessment, claims consultation, and compliance interpretation, providing agents a tool to operate with expert-level knowledge.
    • Smart marketing and personalized recommendations: AI-powered analytics enhances customer profiling and product recommendations, helping improve conversion rates while adapting to client needs.
    • Real-time compliance and risk management: The platform assists with regulatory compliance by offering full-process oversight, which is expected to reduce human errors and strengthen trust between insurers and clients.
    • Data-driven business optimization: AI continuously analyzes customer conversations, feedback, and market trends, offering actionable insights to improve operational efficiency.

    Building on Our Track Record in Insurance AI

    With deployments across both Asian and U.S. insurance markets, Helport AI continues to expand AI adoption in the financial services sector. The upgraded Insurance Edition represents a significant leap forward, as agencies increasingly turn to AI to improve efficiency, enhance customer experiences, and streamline compliance processes.

    “The insurance industry has long relied on experience-based decision-making, but AI is now reshaping the landscape,” said Guanghai Li, CEO of Helport AI. “With our enhanced Helport AI Insurance Edition, we aim to equip insurance professionals with AI-powered expertise that improves service quality, drives sales, and simplifies compliance. With the launch of the new Insurance Edition, we hope to bring a new wave of AI-driven transformation.”

    Expanding AI Across Industries

    Beyond insurance, Helport AI has deployed industry-specific AI solutions across Business Process Outsourcing (“BPO”) call centers, consumer financing and debt collection, mortgage lending, and government services. With a foundation in sector-specific AI models, the Company is actively exploring future applications in healthcare, human resources and recruitment, and real estate.

    AI-Powered Transformation for the Insurance Industry

    The launch of the enhanced Helport AI Insurance Edition is anticipated to further strengthen Helport AI’s position in AI innovation within the insurance sector. By leveraging its AI technologies, the Company expects to continue to reshape how insurers operate, helping them make data-driven decisions, automate complex processes, and elevate customer interactions.

    About Helport AI

    Helport AI (NASDAQ: HPAI) is an AI technology company dedicated to optimizing customer communication through its digital platform and intelligent software solutions. Offering enterprise-level customer contact services, Helport AI’s mission is to empower everyone to work as an expert. Learn more at www.helport.ai.

    Forward-Looking Statements

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

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

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

    The MIL Network –

    March 19, 2025

  • MIL-OSI: Expion360 to Host Fourth Quarter and Full Year 2024 Financial Results Conference Call on Monday, March 31, 2025 at 4:30 p.m. Eastern Time

    Source: GlobeNewswire (MIL-OSI)

    REDMOND, Ore., March 18, 2025 (GLOBE NEWSWIRE) — Expion360 Inc. (Nasdaq: XPON) (the “Company”), an industry leader in lithium-ion battery power storage, will hold a conference call on Monday, March 31, 2025, at 4:30 p.m. Eastern Time to discuss its financial results for the fourth quarter and full year ended December 31, 2024, and review ongoing initiatives and anticipated 2025 milestones. A press release detailing these results will be issued prior to the call.

    Expion360 Chief Executive Officer Brian Schaffner will host the conference call, followed by a question-and-answer period. The conference call will be accompanied by a presentation, which can be viewed during the webcast or accessed via the investor relations section of the Company’s website here.

    To access the call, please use the following information:

    A telephone replay will be available approximately three hours after the call and will remain available through April 14, 2025, by dialing 1-844-512-2921 from the U.S., or 1-412-317-6671 from international locations, and entering replay pin number: 10196334. The replay can also be viewed through the webcast link above and the presentation utilized during the call will be available via the investor relations section of the Company’s website here.

    About Expion360

    Expion360 is an industry leader in premium lithium iron phosphate (LiFePO4) batteries and accessories for recreational vehicles and marine applications, with residential and industrial applications under development. On December 19, 2023, the Company announced its entrance into the home energy storage market with the introduction of two premium LiFePO4 battery storage systems that enable residential and small business customers to create their own stable micro-energy grid and lessen the impact of increasing power fluctuations and outages.

    The Company’s lithium-ion batteries feature half the weight of standard lead-acid batteries while delivering three times the power and ten times the number of charging cycles. Expion360 batteries also feature better construction and reliability compared to other lithium-ion batteries on the market due to their superior design and quality materials. Specially reinforced, fiberglass-infused, premium ABS and solid mechanical connections help provide top performance and safety. With Expion360 batteries, adventurers can enjoy the most beautiful and remote places on Earth even longer.

    The Company is headquartered in Redmond, Oregon. Expion360 lithium-ion batteries are available today through more than 300 dealers, wholesalers, private-label customers, and OEMs across the country. To learn more about the Company, visit expion360.com.

    Company Contact:
    Brian Schaffner, CEO
    541-797-6714
    Email Contact

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

    The MIL Network –

    March 19, 2025

  • MIL-OSI: Primech AI Launches Hytron Lite Smart Cleaning Robot — Optimized for Narrow Spaces and Speed

    Source: GlobeNewswire (MIL-OSI)

    SINGAPORE, March 18, 2025 (GLOBE NEWSWIRE) — Primech AI Pte. Ltd. (“Primech AI” or the “Company”), a subsidiary of Primech Holdings Limited (Nasdaq: PMEC), today announced the launch of its latest innovation, the Hytron Lite autonomous bathroom cleaning robot. This compact version of the successful Hytron robot is specifically engineered for smaller spaces while maintaining the advanced technological capabilities of its predecessor.

    The new Hytron Lite, featuring the powerful NVIDIA Jetson Orin Nano Super System-on-Module (SoM), represents a significant advancement in Primech AI’s mission to revolutionize the cleaning industry. At 30% smaller than the original Hytron, this compact model is specifically designed to address the unique challenges of urban environments where space is at a premium.

    [Images: Two Hytron robots featuring white and red design elements positioned side by side, showcasing the size difference between the original Hytron and the new Hytron Lite model. Both robots display articulated cleaning arms covered in white protective material.]

    “In developing the Hytron Lite, we drew inspiration from successful compact versions of popular technology products, similar to how Apple approached the iPhone SE,” said Charles Ng, Chief Operating Officer of Primech AI. “Our goal was to bring the same powerful cleaning capabilities to smaller spaces without compromising performance or technological sophistication.”

    The Hytron Lite leverages the same cutting-edge NVIDIA technology suite as its larger counterpart. At its core, the robot is powered by the NVIDIA Jetson Orin Nano Super, delivering enhanced AI processing and efficiency for optimal performance. This is complemented by the CUDA parallel computing platform, which easily handles complex computational tasks, while the CuDNN deep learning neural network library enables sophisticated decision-making capabilities. The system’s performance is further optimized through TensorRT for neural network deployment, with the NVIDIA Driver ensuring seamless integration across all components.

    Despite its reduced size, the Hytron Lite retains all the advanced features that made its predecessor successful. The robot employs sophisticated smart navigation and environmental sensing systems, operating with remarkable energy efficiency while enabling comprehensive remote monitoring capabilities. Its innovative design incorporates contact-based and contactless cleaning technology and enhanced 3D space cleaning capabilities, ensuring thorough sanitization of all surfaces. The addition of an interactive display interface provides intuitive user engagement and real-time status updates.

    The compact design of the Hytron Lite makes it an ideal solution for a wide range of urban environments. The robot excels in small public restrooms within shopping malls and easily navigates narrow bathroom facilities in office buildings. Its versatility extends to compact washrooms in hotels and restaurants, while its efficient operation proves particularly valuable in space-constrained transportation hubs. The adaptable design also makes it well-suited for educational institutions with varied facility sizes, ensuring effective cleaning solutions across different spatial configurations.

    “The introduction of the Hytron Lite demonstrates our commitment to innovation and adaptability in the cleaning industry,” added Mr. Ng. “By maintaining the same powerful NVIDIA technology in a more compact form factor, we’re ensuring that even the smallest facilities can benefit from our autonomous cleaning solutions.”

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

    About Primech AI
    Primech AI is a leading robotics company dedicated to pushing the boundaries of innovation in technology. With a team of passionate individuals and a commitment to collaboration, Primech AI is poised to revolutionize the robotics industry with groundbreaking solutions that make a meaningful impact on society. For more information, visit www.primech.ai.

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

    Company Contact:
    Email: ir@primech.com.sg

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

    The MIL Network –

    March 19, 2025

  • MIL-OSI: LPL Welcomes Legacy Premier Wealth Management

    Source: GlobeNewswire (MIL-OSI)

    SAN DIEGO, March 18, 2025 (GLOBE NEWSWIRE) — LPL Financial LLC announced today that financial advisors Larry Hubbard, APMA™, Craig Conner, CFP®, APMA™, ChFC®, BFA™, and Jade Maasch, CFP®, BFA™, APMA™, have joined LPL Financial’s broker-dealer, Registered Investment Advisor (RIA) and custodial platforms. They reported serving approximately $275 million in advisory, brokerage and retirement plan assets* and join LPL from Ameriprise.

    The advisors are longtime colleagues who teamed up to create a full-service wealth management firm dedicated to helping motivated clients understand their entire financial picture. Formerly Alliance Financial Partners, the team has rebranded as Legacy Premier Wealth Management with the move to LPL. They are based out of Greeley, Colo., and Cheyenne, Wyo., and are supported by Chief Operating Officer Rob Timme.

    “We’re passionate about helping create a lasting legacy for our clients and their families,” Hubbard said. “Our mission is to educate and empower our clients, helping them navigate financial decisions with confidence.”

    As the team continued to evolve, the advisors sought a new firm that would best support their vision for the future. Their due diligence process led them to LPL.

    “By making this move, we have the flexibility to grow the practice in a way that will be seamless and non-disruptive for clients and our staff,” Hubbard said. “LPL does not offer proprietary investment products, which allows us to provide the products and services our clients need. Additionally, we appreciate LPL’s size and scale, along with its integrated, open architecture platform where we can access everything we need with a single sign-on.”

    The team is committed to building long-term relationships with both clients and their communities. They actively volunteer with United Way of Weld County, Kiwanis, Muley Fanatic Foundation, Michael Ray Lee Foundation, Rocky Mountain Elk Foundation and American Cancer Society.

    Scott Posner, LPL Executive Vice President, Business Development, said, “We welcome Larry, Craig and Jade to the LPL community and congratulate them on the launch of Legacy Premier Wealth Management. Advisors who join LPL have access to dedicated support teams and integrated capabilities that allow them to run high-performing practices, maintain operational efficiency and focus on their clients. We look forward to supporting the entire Legacy team for years to come.”

    Related

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

    About LPL Financial

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

    Securities and advisory services offered through LPL Financial LLC (“LPL Financial”), a registered investment advisor and broker-dealer, member FINRA/SIPC. Legacy Premier Wealth Management and LPL are separate entities.

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

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

    *Value approximated as reported to LPL

    Media Contact: 
    Media.relations@LPLFinancial.com 

    Tracking #707704

    The MIL Network –

    March 19, 2025

  • MIL-OSI United Kingdom: Council cash boost welcomed for Health and Social Care partnership

    Source: Scotland – City of Aberdeen

    Aberdeen City Council’s budget approval of an additional £9.536 million in funding for the city’s Health and Social Care partnership was welcomed at today’s (Tuesday 18 March) meeting of the Integration Joint Board (IJB),

    The additional funding agreed at the Council’s Budget meeting on 5 March brings the local authority’s investment in the IJB to £140m for the coming 12 months and helps the Partnership balance its 2025/26 budget, deliver frontline services and transform its operations.  

    Councillor Alex McLellan, the Council’s Finance and Resources Convener, said: “Aberdeen City Council’s 2025/26 budget allocated a record £140 million, including an additional £9.5 million to protect services, to the Aberdeen City Health and Social Care Partnership to deliver health and social care services on behalf of the Council.”

    “These additional funds have ensured vital services, which are provided to some of the most vulnerable people in Aberdeen, by the Aberdeen City Health and Social Partnership are protected.   

    “There is clearly a need for the Integration Joint Board to go through a period of transformation, to reduce spend, embrace digital technology and find efficiencies but this approach needs to be a compassionate one and through a period of transition.” 

    MIL OSI United Kingdom –

    March 19, 2025

  • MIL-OSI Security: Organized Crime Drug Enforcement Task Force Case Concludes with Nine Defendants Sentenced to a Total of Over 79 Years in Federal Prison

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

    ALEXANDRIA, La. – Nine defendants involved in an Organized Crime Drug Enforcement Task Force (“OCDETF”) operation have all been sentenced for their involvement in a conspiracy to distribute methamphetamine, announced Acting United States Attorney Alexander C. Van Hook. This investigation in the Avoyelles Parish area resulted in a total sentence of over 79 years in federal prison for these defendants who conspired together in this drug trafficking organization. United States District Judge Dee D. Drell sentenced the nine defendants as follows:

    Darrell Joseph Sampson, Jr., 39, of Marksville, Louisiana, has been sentenced to 113 months (9 years, 5 months) in prison, for conspiracy to distribute and possession with intent to distribute methamphetamine.

    Christopher Glynn Bradford, 46, of Marksville, was sentenced to 50 months (4 years, 2 months) in prison, for conspiracy to distribute and possess with intent to distribute methamphetamine.

    Travis Demond Carroll, 34, of Baton Rouge, was sentenced to 180 months (15 years) in prison, for conspiracy to distribute and possess with intent to distribute methamphetamine.

    Kelly Johnson, Jr., 32, of Lake Charles, was sentenced to 90 months (7 years, 6 months) in prison, for conspiracy to distribute and possess with intent to distribute methamphetamine.

    Troy Wayne Dominick, 42, of Mansura, was sentenced to 80 months (6 years, 8 months) in prison, for conspiracy to distribute and possess with intent to distribute methamphetamine.

    Arthor Francisco, 37, of Moreauville, was sentenced to 160 months (13 years, 4 months) in prison, for conspiracy to distribute and possess with intent to distribute methamphetamine.

    Desmond Dewayne Jordan, 46, of Alexandria, was sentenced to 225 months (18 years, 9 months) in prison, for conspiracy to distribute and possess with intent to distribute methamphetamine.

    Joseph Patrick Murray, III, 27, of Cottonport, was sentenced to 37 months (3 years, 1 month) in prison, for conspiracy to distribute and possess with intent to distribute methamphetamine.

    Tremayne Lee Lavalais, 34, of Bunkie, was sentenced to 20 months (1 year, 8 months) in prison, for conspiracy to distribute and possess with intent to distribute methamphetamine.

    Each defendant will serve a term of supervised release following their release from prison.

    The FBI Central Louisiana Gang Task Force began an investigation into the distribution of methamphetamine in the Avoyelles Parish area. During their investigation, agents conducted surveillance of the defendants and observed them conducting drug transactions. Law enforcement agents received authorization to conduct wiretaps on phones which the defendants were using to conduct their drug trafficking business. Between January and September of 2023, numerous communications between the defendants wherein they discussed their narcotics trafficking were intercepted by law enforcement. This organization sourced the methamphetamine from the Houston, Texas area and distributed it throughout central and south Louisiana. 

    The case was investigated by the Federal Bureau of Investigation and Louisiana State Police, and prosecuted by Assistant United States Attorneys John W. Nickel and LaDonte A. Murphy.

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

    # # #

    MIL Security OSI –

    March 19, 2025

  • MIL-OSI: Alto Ingredients, Inc. Directors to Not Stand for Reelection

    Source: GlobeNewswire (MIL-OSI)

    PEKIN, Ill., March 18, 2025 (GLOBE NEWSWIRE) — Alto Ingredients, Inc. (NASDAQ: ALTO), a leading producer and distributor of specialty alcohols, renewable fuels and essential ingredients, today announced that two long-standing directors, Douglas L. Kieta and Michael D. Kandris, have decided they will not stand for reelection to the Alto Ingredients Board of Directors at the company’s 2025 Annual Meeting of Stockholders, scheduled for June 25, 2025.

    Bryon McGregor, President and Chief Executive Officer of Alto Ingredients said “Doug and Mike have been exceptional board members, and they have provided excellent service to the company and our stockholders. Doug’s depth and breadth of experience, intellectual curiosity, technical acumen, and unwavering determination has been pivotal to the many improvements and successes at Alto. Mike’s dedication to excellence as a board member, his sound leadership as Chief Operating Officer and CEO, and personal approach will leave an enduring positive impact on Alto’s culture and employees. On behalf of everyone at Alto Ingredients, I want to extend a heartfelt thanks to Doug and Mike for their remarkable years of service.”

    About Alto Ingredients, Inc.
    Alto Ingredients, Inc. (NASDAQ: ALTO) is a leading producer and distributor of specialty alcohols, renewable fuels and essential ingredients. Leveraging the unique qualities of its facilities, the company serves customers in a wide range of consumer and commercial products in the Health, Home & Beauty; Food & Beverage; Industry & Agriculture; Essential Ingredients; and Renewable Fuels markets. For more information, please visit www.altoingredients.com.

    Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995
    Statements and information contained in this communication that refer to or include Alto Ingredients’ estimated or anticipated future results or other non-historical expressions of fact are forward-looking statements that reflect Alto Ingredients’ current perspective of existing trends and information as of the date of the communication. Forward-looking statements generally will be accompanied by words such as “anticipate,” “believe,” “plan,” “could,” “should,” “estimate,” “expect,” “forecast,” “outlook,” “guidance,” “intend,” “may,” “might,” “will,” “possible,” “potential,” “predict,” “project,” or other similar words, phrases or expressions. Such forward-looking statements include, but are not limited to, statements concerning Alto Ingredients’ projected outlook and future performance, including the timing and effects of its cost savings initiatives and its acquisition of a liquid carbon dioxide processor adjacent to its Columbia plant; Alto Ingredients’ capital projects, including its carbon capture and storage (CCS) project and opportunities to optimize carbon; and Alto Ingredients’ other plans, objectives, expectations and intentions. It is important to note that Alto Ingredients’ plans, objectives, expectations and intentions are not predictions of actual performance. Actual results may differ materially from Alto Ingredients’ current expectations depending upon a number of factors affecting Alto Ingredients’ business and plans. These factors include, among others adverse economic and market conditions, including for renewable fuels, specialty alcohols and essential ingredients; export conditions and international demand for the company’s products; fluctuations in the price of and demand for oil and gasoline; raw material costs, including production input costs, such as corn and natural gas; adverse impacts of inflation and supply chain constraints; and the cost, ability to fund, timing and effects of, including the financial and other results deriving from, Alto Ingredients’ repair and maintenance programs, plant improvements and other capital projects, including CCS, and other business initiatives and strategies. These factors also include, among others, the inherent uncertainty associated with financial and other projections and large-scale capital projects, including CCS; the anticipated size of the markets and continued demand for Alto Ingredients’ products; the impact of competitive products and pricing; the risks and uncertainties normally incident to the alcohol production, marketing and distribution industries; changes in generally accepted accounting principles; successful compliance with governmental regulations applicable to Alto Ingredients’ facilities, products and/or businesses; changes in laws, regulations and governmental policies, including with respect to the Inflation Reduction Act’s tax and other benefits Alto Ingredients expects to derive from CCS; the loss of key senior management or staff; and other events, factors and risks previously and from time to time disclosed in Alto Ingredients’ filings with the Securities and Exchange Commission including, specifically, those factors set forth in the “Risk Factors” section contained in Alto Ingredients’ Quarterly Report on Form 10-K filed with the Securities and Exchange Commission on March 13, 2025.

    Company IR and Media Contact:
    Michael Kramer, Alto Ingredients, Inc., 916-403-2755
    Investorrelations@altoingredients.com

    IR Agency Contact:
    Kirsten Chapman, Alliance Advisors Investor Relations, 415-433-3777
    altoinvestor@allianceadvisors.com

    The MIL Network –

    March 19, 2025

  • MIL-OSI: Diamond Equity Research Releases Update Note on uCloudlink Group Inc. (NASDAQ: UCL)

    Source: GlobeNewswire (MIL-OSI)

    New York, NY, March 18, 2025 (GLOBE NEWSWIRE) — Diamond Equity Research, a leading equity research firm with a focus on small capitalization public companies has released update note on uCloudlink Group Inc. (NASDAQ: UCL). The update note includes information on uCloudlink Group Inc.’s financial results, management commentary, recent developments, outlook, risks, and our revised valuation estimates.

    The update note is available below.

    uCloudlink Group Update Note March 2025

     

    Highlights from the note include:

    •UCL Announced Fourth Quarter and Fiscal Year 2024 Financial Results – uCloudlink reported total revenues of $26.0 million, up 19.5% year over year, compared to our estimate of $25.3 million. The increase was primarily due to a 60.9% YoY increase in product sales from an expanded product offering driven by the surging demand for the company’s data-related products. Overall gross margin was 43.0%, compared to 52.0% in Q4 2023. Total operating expenses grew from $12.1 million to $14.1 million, of which S&M expenses increased by 52.6% over the year as the company increased its investment in promotion and brand building in the B2C arena to gain exposure for its newly launched products. UCL’s net loss for Q4 2024 was $1.5 million, or $0.04 per basic and diluted ADS, compared to a net loss of $1.8 million, or $0.05 per basic and diluted ADS a year ago. For the fiscal year 2024, UCL continued its growth momentum with total revenues reaching $91.6 million, up 7.1% from $85.6 million in 2023, thanks to increased product sales as the company diversified its product offerings to meet market demand. Overall gross margin for 2024 was 48.4% vs. 49.0% in 2023, while total operating expenses increased from $37.9 million to $42.0 million, leading to a net income of $4.6 million, or $0.12 per basic and diluted ADS. UCL’s top-line growth was in line with our expectations. We see the company has the potential to continue this momentum by further diversifying its revenue streams through an expanded product range, while the increased investment in sales and marketing targets improved visibility and market share.

    •PetPhone, eSIM TRIO, and Further Innovations – uCloudlink showcased its latest innovations in connectivity at MWC 2025, including PetPhone, eSIM TRIO, CloudSIM Kit, and HyperConn® mobile Wi-Fi hotspot, which represent huge market opportunities. PetPhone, which is considered the world’s first pet smartphone, enables pet communication through AI-powered live calls, advanced safety through 6-tech global positioning, and tracking through AI health monitoring to achieve interaction between pets and their owners. eSIM TRIO, combining OTA SIM, eSIM, and CloudSIM provides improved connectivity with global coverage. CloudSIM Kit is a plug-and-play IoT solution delivering connectivity for IoT and smart devices. HyperConn® mobile Wi-Fi hotspot (MeowGo G50 Max), backed by HyperConn® technology, offers connectivity across broadband, Wi-Fi, 4G, 5G, and satellite networks. We view these innovations targeting large markets as potentially unlocking new revenue streams for UCL and  driving sales by expanding its user base and strengthening its market presence.

    •Valuation Update – Our valuation for UCL remains $10.00, combining discounted cash flow and comparable company analysis, which is contingent on the company maintaining its successful execution.

    About uCloudlink Group Inc.

    uCloudlink operates as an innovative mobile technology company that offers the world’s first and leading mobile data traffic sharing marketplace to users globally, with aggregated mobile data allowances from over 391 MNOs (mobile network operator) globally. Leveraging its integral cloud SIM technology, it allows users to enjoy a smooth mobile connectivity experience without limitation to one MNO. uCloudlink was incorporated in 2014 and is headquartered in Hong Kong.

    For more information, visit https://ucloudlink.gcs-web.com.

    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 uCloudlink Group Inc. for producing research materials regarding uCloudlink Group 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 03/18/25 the issuer had paid us $140,000 for our research services, consisting of $20,000 for an initiation report and $15,000 for six update notes in the first year of coverage and $35,000 in the second, third and fourth year of coverage for update notes during the term, which commenced 06/01/2021 and is renewable 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 03/18/2025. 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. Investors can find various risk factors in the initiation report and in the respective financial filings for uCloudlink Group Inc. Please review the update report attached for the full disclosure page.

    Contact:

    Diamond Equity Research
    research@diamondequityresearch.com

    Attachment

    • uCloudlink Group Update Note March 2025

    The MIL Network –

    March 19, 2025

  • MIL-OSI: Liquidia Corporation Strengthens Financial Position by Amending HealthCare Royalty Agreement to Incrementally Add Up to $100 Million

    Source: GlobeNewswire (MIL-OSI)

    MORRISVILLE, N.C., March 18, 2025 (GLOBE NEWSWIRE) — Liquidia Corporation (NASDAQ: LQDA), a biopharmaceutical company developing innovative therapies for patients with rare cardiopulmonary disease, today announced that it has entered into a sixth amendment to its agreement with HealthCare Royalty (“HCRx”) to provide for up to an additional $100 million of financing in three tranches (the “Sixth Amendment”), subject to certain closing conditions including the funding conditions discussed below. Liquidia intends to use the proceeds to fund ongoing commercial development of YUTREPIA™ (treprostinil) inhalation powder for the potential treatment of pulmonary arterial hypertension (PAH) and pulmonary hypertension associated with interstitial lung disease (PH-ILD), continued development of YUTREPIA in other clinical trials, including but not limited to trials for pediatric patients and trials further evaluating the use of YUTREPIA in WHO Group 1 and WHO Group 3 patients, clinical development of L606 and for general corporate purposes.

    Under the terms of the Sixth Amendment, Liquidia will receive $25.0 million at closing with the potential to receive two additional tranches of funding: $50.0 million upon the first commercial sale of YUTREPIA following receipt of final FDA approval for the treatment of PAH and PH-ILD, so long as no injunction has been issued prohibiting Liquidia from commercializing YUTREPIA for either or both of PAH and PH-ILD, and $25.0 million upon the mutual agreement of the parties after achieving aggregate net sales of YUTREPIA in excess of $100 million at any time on or prior to June 30, 2026.

    Michael Kaseta, Liquidia’s Chief Financial Officer and Chief Operating Officer, said: “We appreciate the trust and commitment demonstrated by HCRx during the past several years. We are optimistic that the combination of the proceeds resulting from the Sixth Amendment, and a successful launch of YUTREPIA following the expiration of regulatory exclusivity in May 2025, could lead to Liquidia reaching profitability without the need for additional capital.”

    Clarke Futch, Chairman and Chief Executive Officer of HCRx added: “We continue to look forward to Liquidia’s potential receipt of final FDA approval of YUTREPIA. We strongly believe in YUTREPIA’s ability to address unmet medical needs in patients with PAH and PH-ILD, and we are eager for patients to have access to a new therapeutic option that has demonstrated great clinical promise.” 

    As consideration for the additional $25.0 million funded at closing, Liquidia has agreed to a fixed payment schedule that terminates in 2032. Payments on the last two tranches, when funded, would also follow a fixed payment schedule. The aggregate payments to HCRx are capped at 175% of the total amounts advanced by HCRx, but also include a potential true-up payment to be made by Liquidia if HCRx’s internal rate of return is less than a minimum rate of return on the date the cap is reached. The minimum rates of return for the three new tranches are 16%, 13% and 12%, respectively.

    About Liquidia Corporation
    Liquidia Corporation is a biopharmaceutical company developing innovative therapies for patients with rare cardiopulmonary disease. The company’s current focus spans the development and commercialization of products in pulmonary hypertension and other applications of its proprietary PRINT® Technology. PRINT enabled the creation of Liquidia’s lead candidate, YUTREPIA™ (treprostinil) inhalation powder, an investigational drug for the treatment of pulmonary arterial hypertension (PAH) and pulmonary hypertension associated with interstitial lung disease (PH-ILD). The company is also developing L606, an investigational sustained-release formulation of treprostinil administered twice-daily with a next-generation nebulizer, and currently markets generic Treprostinil Injection for the treatment of PAH. To learn more about Liquidia, please visit www.liquidia.com.

    About HealthCare Royalty
    HealthCare Royalty is a leading royalty acquisition company focused on commercial or near-commercial biopharmaceutical products. With offices in Stamford, Conn., San Francisco, Boston, London and Miami. HCRx has invested $5+ billion in over 90 biopharmaceutical products since inception. For more information, visit https://www.hcrx.com. HEALTHCARE ROYALTY® and HCRx® are registered trademarks of HealthCare Royalty Management, LLC.

    Cautionary Statements Regarding Forward-Looking Statements
    This press release may include forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements contained in this press release other than statements of historical facts, including statements regarding our future results of operations and financial position, our strategic and financial initiatives, our business strategy and plans and our objectives for future operations, are forward-looking statements. Such forward-looking statements, including statements regarding clinical trials, clinical studies and other clinical work (including the funding therefor, anticipated patient enrollment, safety data, study data, trial outcomes, timing or associated costs), regulatory applications and related submission contents and timelines, including the potential for final FDA approval of the NDA for YUTREPIA, which may occur after the expiration of the exclusivity period of TYVASO DPI, if at all, the timelines or outcomes related to patent litigation with United Therapeutics in the U.S. District Court for the District of Delaware, litigation with United Therapeutics and FDA in the U.S. District Court for the District of Columbia or other litigation instituted by United Therapeutics or others, including rehearings or appeals of decisions in any such proceedings, the issuance of patents by the USPTO and our ability to execute on our strategic or financial initiatives, the potential for future advances by HCRx, our anticipated use of net proceeds funded under the HCR Agreement, our estimates regarding future expenses, capital requirements and needs for additional financing, and potential revenue and profitability of YUTREPIA, if approved, involve significant risks and uncertainties and actual results could differ materially from those expressed or implied herein. The favorable decisions of courts or other tribunals are not determinative of the outcome of the appeals or rehearings of the decisions. The words “anticipate,” “believe,” “contemplate,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “might,” “plan,” “potential,” “predict,” “project,” “should,” “target,” “would,” and similar expressions are intended to identify forward-looking statements. We have based these forward-looking statements largely on our current expectations and projections about future events and financial trends that we believe may affect our financial condition, results of operations, business strategy, short-term and long-term business operations and objectives and financial needs. These forward-looking statements are subject to a number of risks discussed in our filings with the SEC, as well as a number of uncertainties and assumptions. Moreover, we operate in a very competitive and rapidly changing environment and our industry has inherent risks. New risks emerge from time to time. It is not possible for our management to predict all risks, nor can we assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements we may make. In light of these risks, uncertainties and assumptions, the future events discussed in this press release may not occur and actual results could differ materially and adversely from those anticipated or implied in the forward-looking statements. Nothing in this press release should be regarded as a representation by any person that these goals will be achieved, and we undertake no duty to update our goals or to update or alter any forward-looking statements, whether as a result of new information, future events or otherwise.

    Contact Information

    Investors:
    Jason Adair
    Chief Business Officer
    919.328.4350
    Jason.adair@liquidia.com

    Media:
    Patrick Wallace
    Director, Corporate Communications
    919.328.4383
    patrick.wallace@liquidia.com

    The MIL Network –

    March 19, 2025

  • MIL-OSI: Bitcoin Depot Reports Fourth Quarter and Full Year 2024 Financial Results

    Source: GlobeNewswire (MIL-OSI)

    Q4 Revenue of $136.8 Million Compared to $148.4 Million in the Prior Year Quarter

    Q4 Operating Expenses Down 16% Year-Over-Year to $15.0 Million

    Q4 Net Income up Significantly to $5.4 Million Compared to a Net Loss of $1.7 Million in the Prior Year Quarter

    Q4 Adjusted Gross Profit up 18% Year-Over-Year to $25.4 Million

    Q4 Adjusted EBITDA up 34% Year-Over-Year to $12.0 Million

    ATLANTA, March 18, 2025 (GLOBE NEWSWIRE) — Bitcoin Depot Inc. (“Bitcoin Depot” or the “Company”), a U.S.-based Bitcoin ATM operator and leading fintech company, today reported financial results for the fourth quarter and full year ended December 31, 2024. Bitcoin Depot will host a conference call and webcast at 10:00 a.m. ET today. An earnings presentation and link to the webcast will be made available at ir.bitcoindepot.com.

    “As we highlighted in our fourth-quarter pre-announcement, 2024 ended on a strong note, driven by sequential revenue growth and substantial improvements in adjusted EBITDA, both sequentially and year-over-year,” said Brandon Mintz, CEO and Founder of Bitcoin Depot. “In the fourth quarter, we made significant progress in expanding our Bitcoin ATM network and optimizing existing machines to enhance profitability — and the results speak for themselves.

    “Looking ahead, we are confident that the optimization efforts we implemented throughout 2024 will begin to positively impact our financial performance as we move through 2025. With our aggressive international and domestic kiosk expansion strategy, we anticipate that 2025 will mark a strong return to growth for the business. As part of this, we are reintroducing financial guidance, projecting robust growth in the first quarter. Additionally, we remain committed to leveraging our strong cash flow to drive shareholder value initiatives, including the potential for a cash dividend. We have also continued to strengthen our Bitcoin treasury holdings, recently increasing our total to 94 BTC, reflecting our confidence in Bitcoin as a valuable financial asset and an integral part of our business model.”

    Fourth Quarter 2024 Financial Results

    Revenue in the fourth quarter of 2024 was $136.8 million compared to $148.4 million in the fourth quarter of 2023. This decline was driven by the impact of unfavorable legislation that was passed in California that went into effect in January 2024, along with the Company’s continued process of relocating underperforming kiosks to optimize fleet profitability.

    Total operating expenses declined 16% to $15.0 million for the fourth quarter of 2024 compared to $17.8 million for the fourth quarter of 2023 due to the costs of going public in 2023 that did not recur in 2024.

    Net income for the fourth quarter of 2024 increased significantly to $5.4 million compared to a net loss of $1.7 million for the fourth quarter of 2023. The increase was due to lower depreciation and amortization and lower operating expenses in 2024.

    Adjusted gross profit, a non-GAAP measure, in the third quarter of 2024 increased 18% to $25.4 million from $21.6 million for the fourth quarter of 2023. Adjusted gross profit margin, a non-GAAP measure, in the fourth quarter of 2024 increased approximately 400 basis points to 18.6% compared to 14.5% in the fourth quarter of 2023. Please see “Explanation and Reconciliation of Non-GAAP Financial Measures” below.

    Adjusted EBITDA, a non-GAAP measure, in the fourth quarter of 2024 increased 34% to $12.0 million compared to $9.0 million for the fourth quarter of 2023. The increase was primarily due to the higher net income. Please see “Explanation and Reconciliation of Non-GAAP Financial Measures” below.

    Full Year 2024 Financial Results

    Revenue in 2024 was $573.7 million from $689.0 million in 2023. This decline was largely driven by the impact of unfavorable legislation that was passed in California that went into effect in January 2024, along with the Company’s continued process of relocating underperforming kiosks in order to optimize fleet profitability.

    Total operating expenses declined 5% to $67.2 million compared to $70.6 million in 2023 due to the costs of going public in 2023 that did not recur in 2024 as well as other cost saving measures.

    Net income in 2024 increased by 432% to $7.8 million compared to $1.5 million in 2023. The increase was primarily due to expenses with going public in 2023 that did not recur in 2024 along with other expense reductions.

    Adjusted gross profit, a non-GAAP measure, in 2024 was $91.4 million compared to $101.0 million in 2023. The adjusted gross profit margin, a non-GAAP measure, in 2024 increased 120 basis points to 15.9% compared to 14.7% in 2023. Please see “Explanation and Reconciliation of Non-GAAP Financial Measures” below.

    Adjusted EBITDA, a non-GAAP measure, in 2024 was $38.7 million compared to $56.3 million in 2023. The decline was due to the lower revenue. Please see “Explanation and Reconciliation of Non-GAAP Financial Measures” below.

    Cash, cash equivalents, and cryptocurrencies were $31.0 million as of the end of 2024 compared to $30.5 million at the end of 2023.

    Q1 2025 Outlook

    Q1 2025 is off to a very strong start as we continue to see growth from our relocation strategy. We anticipate Q1 revenues to be between $151 million and $154 million which would represent growth of between 9% and 11% compared to Q1 2024.

    We are projecting adjusted EBITDA for Q1 2025 to be between $12 million and $14 million which would represent growth of over 200% compared to Q1 of 2024.

    Conference Call

    Bitcoin Depot will hold a conference call at 10:00 a.m. Eastern time (7:00 a.m. Pacific time) today to discuss its financial results for the fourth quarter and full year ended December 31, 2024.

    Call Date: Tuesday, March 18, 2025 
    Time: 10:00 a.m. Eastern time (7:00 a.m. Pacific time) 

    Phone Instructions
    U.S. dial-in: 646-968-2525
    International dial-in: 888-596-4144
    Conference ID: 8224936

    Webcast Instructions
    Webcast link: https://edge.media-server.com/mmc/p/8kgtbeme

    A replay of the call will be available beginning after 2:00 p.m. Eastern time through March 25, 2025.

    U.S. & Canada replay number: 800-770-2030
    U.S. toll number: 609-800-9909
    Conference ID: 8224936

    If you have any difficulty connecting with the conference call, please contact Bitcoin Depot’s investor relations team at 1-949-574-3860.

    About Bitcoin Depot

    Bitcoin Depot Inc. (Nasdaq: BTM) was founded in 2016 with the mission to connect those who prefer to use cash to the broader, digital financial system. Bitcoin Depot provides its users with simple, efficient and intuitive means of converting cash into Bitcoin, which users can deploy in the payments, spending and investing space. Users can convert cash to bitcoin at Bitcoin Depot kiosks in 48 states and at thousands of name-brand retail locations in 29 states through its BDCheckout product. The Company has the largest market share in North America with over 8,400 kiosk locations as of February 25, 2025. Learn more at www.bitcoindepot.com. 

    Cautionary Statement Regarding Forward-Looking Statements

    This press release and any oral statements made in connection herewith include “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Exchange Act of 1934, as amended. Forward-looking statements are any statements other than statements of historical fact, and include, but are not limited to, statements regarding the expectations of plans, business strategies, objectives and growth and anticipated financial and operational performance, including our growth strategy and ability to increase deployment of our products and services, our ability to strengthen our financial profile, and worldwide growth in the adoption and use of cryptocurrencies. These forward-looking statements are based on management’s current beliefs, based on currently available information, as to the outcome and timing of future events. Forward-looking statements are often identified by words such as “anticipate,” “appears,” “approximately,” “believe,” “continue,” “could,” “designed,” “effect,” “estimate,” “evaluate,” “expect,” “forecast,” “goal,” “initiative,” “intend,” “may,” “objective,” “outlook,“ ”plan,“ ”potential,“ ”priorities,“ ”project,“ ”pursue,“ ”seek,“ ”should,“ ”target,“ ”when,“ ”will,“ ”would,” or the negative of any of those words or similar expressions that predict or indicate future events or trends or that are not statements of historical matters, although not all forward-looking statements contain such identifying words. In making these statements, we rely upon assumptions and analysis based on our experience and perception of historical trends, current conditions, and expected future developments, as well as other factors we consider appropriate under the circumstances. We believe these judgments are reasonable, but these statements are not guarantees of any future events or financial results. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied on by any investor as, a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. Many actual events and circumstances are beyond our control.

    These forward-looking statements are subject to a number of risks and uncertainties, including changes in domestic and foreign business, market, financial, political and legal conditions; failure to realize the anticipated benefits of the business combination; risks relating to the uncertainty of our projected financial information; future global, regional or local economic and market conditions; the development, effects and enforcement of laws and regulations; our ability to manage future growth; our ability to develop new products and services, bring them to market in a timely manner and make enhancements to our platform; the effects of competition on our future business; our ability to issue equity or equity-linked securities; the outcome of any potential litigation, government and regulatory proceedings, investigations and inquiries; and those factors described or referenced in filings with the Securities and Exchange Commission. If any of these risks materialize or our assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. There may be additional risks that we do not presently know or that we currently believe are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. In addition, forward-looking statements reflect our expectations, plans or forecasts of future events and views as of the date of this press release. We anticipate that subsequent events and developments will cause our assessments to change.

    We caution readers not to place undue reliance on forward-looking statements. Forward-looking statements speak only as of the date they are made, and we undertake no obligation to update publicly or otherwise revise any forward-looking statements, whether as a result of new information, future events, or other factors that affect the subject of these statements, except where we are expressly required to do so by law. All written and oral forward-looking statements attributable to us are expressly qualified in their entirety by this cautionary statement.

     
    BITCOIN DEPOT INC.
    CONSOLIDATED BALANCE SHEETS
    (in thousands, except share and per share amounts)
     
        As of December 31,  
        2024     2023  
    Assets            
    Current:            
    Cash and cash equivalents   $ 29,472     $ 29,759  
    Cryptocurrencies     1,510       712  
    Accounts receivable     275       245  
    Prepaid expenses and other current assets     3,076       3,514  
    Total current assets     34,333       34,230  
    Property and equipment:            
    Furniture and fixtures     635       635  
    Leasehold improvements     172       172  
    Kiosk machines – owned     36,831       24,222  
    Kiosk machines – leased     10,367       20,524  
    Total property and equipment     48,005       45,553  
    Less: accumulated depreciation     (21,158 )     (20,699 )
    Total property and equipment, net     26,847       24,854  
    Intangible assets, net     2,320       3,836  
    Goodwill     8,717       8,717  
    Operating lease right-of-use assets, net     2,595       484  
    Deposits     734       412  
    Deferred tax assets     4,558       1,804  
    Total assets   $ 80,104     $ 74,337  
     
    BITCOIN DEPOT INC.
    CONSOLIDATED BALANCE SHEETS
    (in thousands, except share and per share amounts)
     
        As of December 31,  
        2024     2023  
    Liabilities and Stockholders’ (Deficit) Equity            
    Current:            
    Accounts payable   $ 11,557     $ 8,337  
    Accrued expenses and other current liabilities     14,260       18,505  
    Notes payable     6,022       3,985  
    Income taxes payable     2,207       2,484  
    Deferred revenue     20       297  
    Operating lease liabilities, current portion     858       279  
    Current installments of obligations under finance leases     3,446       6,801  
    Other non-income tax payable     2,259       2,297  
    Total current liabilities     40,629       42,985  
    Long-term liabilities            
    Notes payable, non-current     49,457       17,101  
    Operating lease liabilities, non-current     1,774       319  
    Obligations under finance leases, non-current     1,950       2,848  
    Deferred income tax, net     604       846  
    Tax receivable agreement liability due to related party     2,176       865  
    Total Liabilities     96,590       64,964  
    Commitments and Contingencies (Note 24)            
    Stockholders’ (Deficit) Equity            
    Series A Preferred Stock, $0.0001 par value; 50,000,000 authorized, 1,733,884 and 3,125,000 shares issued and outstanding, at December 31, 2024 and 2023, respectively     —       —  
    Class A common stock, $0.0001 par value; 800,000,000 authorized, 19,263,164 and 13,602,691 shares issued, and 19,072,544 and 13,482,047 shares outstanding at December 31, 2024 and 2023, respectively     1       1  
    Class B common stock, $0.0001 par value; 20,000,000 authorized, no shares issued and outstanding at December 31, 2024 and 2023, respectively     —       —  
    Class E common stock, $0.0001 par value; 2,250,000 authorized, 1,075,761 shares issued and outstanding at December 31, 2024 and 2023, respectively     —       —  
    Class M common stock, $0.0001 par value; 300,000,000 authorized, no shares issued and outstanding at December 31, 2024 and 2023, respectively     —       —  
    Class O common stock, $0.0001 par value; 800,000,000 authorized, no shares issued and outstanding at December 31, 2024 and 2023, respectively     —       —  
    Class V common stock, $0.0001 par value; 300,000,000 authorized, 41,193,024 and 44,100,000 shares issued and outstanding at December 31, 2024 and 2023, respectively     4       4  
    Treasury stock     (437 )     (279 )
    Additional paid-in capital     21,491       17,326  
    Accumulated deficit     (44,349 )     (32,663 )
    Accumulated other comprehensive loss     (342 )     (203 )
    Total Stockholders’ (Deficit) Attributable to Bitcoin Depot Inc.     (23,632 )     (15,814 )
    Equity attributable to non-controlling interests     7,146       25,187  
    Total Stockholders’ (Deficit) Equity     (16,486 )     9,373  
    Total Liabilities and Stockholders’ (Deficit) Equity   $ 80,104     $ 74,337  

       

     
    BITCOIN DEPOT INC.
    CONSOLIDATED STATEMENTS OF (LOSS) INCOME AND COMPREHENSIVE (LOSS) INCOME
    (UNAUDITED)
    (in thousands, except share and per share amounts)
     
      Year ended December 31,     Three Months Ended December 31,  
      2024     2023     2024     2023  
    Revenue $ 573,703     $ 688,967     $ 136,827     $ 148,406  
    Cost of revenue (excluding depreciation and amortization)   482,263       587,938       111,415       126,851  
    Operating expenses:               —       —  
    Selling, general, and administrative   57,158       57,770       13,096       14,525  
    Depreciation and amortization   10,072       12,788       1,888       3,234  
    Total operating expenses   67,230       70,558       14,984       17,759  
    Income from operations   24,210       30,471       10,428       3,796  
    Other (expense) income:               –       –  
    Interest (expense)   (14,199 )     (11,926 )     (3,468 )     (1,806 )
    Other (expense) income   406       (16,737 )     263       (2,713 )
    Loss on foreign currency transactions   (465 )     (289 )     (171 )     76  
    Total other (expense), net   (14,258 )     (28,952 )     (3,376 )     (4,443 )
    Income before provision for income taxes and non-controlling interest   9,952       1,519       7,052       (647 )
    Income tax (expense)   (2,138 )     (49 )     (1,659 )     (1,026 )
    Net income $ 7,814     $ 1,470     $ 5,393     $ (1,673 )
    Net income attributable to Legacy Bitcoin Depot unit holders   —       12,906       —       —  
    Net income attributable to non-controlling interest   19,500       14,666       12,041       6,635  
    Net (loss) attributable to Bitcoin Depot Inc. $ (11,686 )   $ (26,102 )   $ (6,648 )   $ (8,308 )
    Other comprehensive income (loss), net of tax               —       —  
    Net income   7,814       1,470       5,393       (1,673 )
    Foreign currency translation adjustments   34       (4 )     35       (70 )
    Total comprehensive income   7,848       1,466       5,428       (1,743 )
    Comprehensive income attributable to Legacy Bitcoin Depot unit holders   —       12,885       —       —  
    Comprehensive income attributable to non-controlling interest   19,500       14,683       12,041       6,565  
    Comprehensive (loss) attributable to Bitcoin Depot Inc. $ (11,652 )   $ (26,102 )   $ (6,613 )   $ (8,308 )

    Explanation and Reconciliation of Non-GAAP Financial Measures

    Bitcoin Depot reports its financial results in accordance with accounting principles generally accepted in the United States of America (“GAAP”). This press release includes both historical and projected Adjusted EBITDA, Adjusted Gross Profit, and certain ratios and other metrics derived therefrom such as Adjusted EBITDA margin and Adjusted Gross Profit margin, which are not prepared in accordance with GAAP.

    Bitcoin Depot defines Adjusted EBITDA as net income before interest expense, income tax expense, depreciation and amortization, non-recurring expenses, share-based compensation, expenses related to the PIPE financing and miscellaneous cost adjustments. Such items are excluded from Adjusted EBITDA because these items are non-cash in nature, or because the amount and timing of these items is unpredictable, not driven by core results of operations and renders comparisons with prior periods and competitors less meaningful. In addition, Bitcoin Depot defines Adjusted Gross Profit (a non-GAAP financial measure) as revenue less cost of revenue (excluding depreciation and amortization) and depreciation and amortization adjusted to add back depreciation and amortization. Bitcoin Depot believes Adjusted EBITDA and Adjusted Gross Profit each provide useful information to investors and others in understanding and evaluating Bitcoin Depot’s results of operations, as well as provide a useful measure for period-to-period comparisons of Bitcoin Depot’s business performance. Adjusted EBITDA and Adjusted Gross Profit are each key measurements used internally by management to make operating decisions, including those related to operating expenses, evaluate performance and perform strategic and financial planning. However, you should be aware that Adjusted EBITDA and Adjusted Gross Profit are not measures of financial performance calculated in accordance with GAAP and may exclude items that are significant in understanding and assessing Bitcoin Depot’s financial results, and further, that Bitcoin Depot may incur future expenses similar to those excluded when calculating these measures. Bitcoin Depot primarily relies on GAAP results and uses both Adjusted EBITDA and Adjusted Gross Profit on a supplemental basis. Neither Adjusted EBITDA or Adjusted Gross Profit should be considered in isolation from, or as an alternative to, net income, cash flows from operations or other measures of profitability, liquidity or performance under GAAP and may not be indicative of Bitcoin Depot’s historical or future operating results. Bitcoin Depot’s computation of both Adjusted EBITDA and Adjusted Gross Profit may not be comparable to other similarly titled measures computed by other companies because not all companies calculate such measures in the same fashion. As such, undue reliance should not be placed on such measures.

    Due to the high variability and difficulty in making accurate forecasts and projections of some of the information excluded from the projections of Adjusted EBITDA, together with some of the excluded information not being ascertainable or accessible, Bitcoin Depot is unable to quantify certain amounts that would be required to be included in the most directly comparable GAAP financial measures without unreasonable effort. Consequently, no disclosure of estimated comparable GAAP measures is included and no reconciliation of the forward-looking non-GAAP financial measures is included.

    The following table presents a reconciliation of Net (loss) income to Adjusted EBITDA for the periods indicated: 

     
    BITCOIN DEPOT INC.
    RECONCILIATION OF NET (LOSS) INCOME TO ADJUSTED EBITDA
    (UNAUDITED)
     
      Year Ended December 31,     Three Months Ended December 31,  
    (in thousands) 2024     2023     2024     2023  
    Net income (loss) $ 7,814     $ 1,470     $ 5,393     $ (1,673 )
    Adjustments:                      
    Interest expense   14,199       11,926       3,468       1,806  
    Income tax (benefit) expense   2,138       49       1,659       1,026  
    Depreciation and amortization   10,072       12,788       1,888       3,234  
    Expense related to the PIPE transaction (1)   —       14,896       —       2,615  
    Non-recurring expenses (2)   437       9,298       (767 )     1,634  
    Share-based compensation   3,400       2,524       363       1,198  
    Special bonus (3)   675       3,040       —       (875 )
    Expenses associated with the termination of the phantom equity participation plan   —       350       —       —  
    Adjusted EBITDA $ 38,735     $ 56,341     $ 12,004     $ 8,965  
    Adjusted EBITDA margin (4)   6.8 %     8.2 %     8.8 %     7.8 %
                                   
    (1) Amounts include the recognition of a non-cash expense of $13.9 million related to the PIPE transaction for the year ended December 31, 2023, entered into as of close of the Merger on June 30, 2023.

    (2) Comprised of non-recurring professional service fees incurred by the Company related to the close of the Transaction.

    (3) Amount includes (A) Transaction bonus and related taxes to employees of approximately $1.4 million and (B) Founder Transaction bonus as a result of close of the Merger, of approximately $1.6 million, recognized as share-based compensation, for the year ended December 31, 2023.

    (4) Adjusted EBITDA margin is defined as Adjusted EBITDA divided by revenue. The Company uses this measure to evaluate its overall profitability.
     

    The following table presents a reconciliation of revenue to Adjusted Gross Profit for the periods indicated:

     
    BITCOIN DEPOT INC.
    RECONCILIATION OF REVENUE TO ADJUSTED GROSS PROFIT
    (UNAUDITED)
     
      Year Ended December 31,     Three Months Ended December 31,  
    (in thousands) 2024     2023     2024     2023  
    Revenue $ 573,703     $ 688,967     $ 136,827     $ 148,406  
    Cost of revenue (excluding depreciation and
    amortization)    		   (482,263 )     (587,938 )     (111,415 )     (126,851 )
    Depreciation and amortization excluded from cost of revenue   (9,984 )     (12,455 )     (1,894 )     (2,901 )
    Gross profit $ 81,456     $ 88,574     $ 23,518     $ 18,654  
    Adjustments:                      
    Depreciation and amortization excluded from cost of revenue $ 9,984     $ 12,455     $ 1,894     $ 2,901  
    Adjusted gross profit $ 91,440     $ 101,029     $ 25,412     $ 21,555  
    Gross profit margin (1)   14.2 %     12.9 %     17 %     13 %
    Adjusted gross profit margin (1)   15.9 %     14.7 %     19 %     15 %
                                   
    (1) Calculated as a percentage of revenue.
     

    Contacts:

    Investors 
    Cody Slach,
    Gateway Group, Inc. 
    949-574-3860 
    BTM@gateway-grp.com

    Media 
    Zach Kadletz, Brenlyn Motlagh, Ryan Deloney 
    Gateway Group, Inc.
    949-574-3860 
    BTM@gateway-grp.com

    The MIL Network –

    March 19, 2025

  • MIL-OSI: Captivision Appoints Ric Clark to Board of Directors

    Source: GlobeNewswire (MIL-OSI)

    MIAMI, March 18, 2025 (GLOBE NEWSWIRE) — Captivision Inc. (“Captivision” or the “Company”) (NASDAQ: CAPT), a pioneering manufacturer and global LED solution provider, today announced the appointment of Richard “Ric” Clark to its Board of Directors, effective immediately. Mr. Clark will serve as Chair of the Company’s Compensation Committee and also join the Nominating and Corporate Governance Committee, bringing decades of executive leadership and corporate governance expertise to the Company.

    Mr. Clark has nearly four decades of real estate, M&A and capital markets experience. He is founder of Burnside Investments, a private investment company, co-founder of WatermanClark, a real estate investment partnership, and a board member of public and private companies in industries including retail, sports and entertainment. Previously, he spent three decades at Brookfield Corp. and its predecessors, serving in various leadership roles, including Chairman and Chief Executive Officer of Brookfield Property Group, Brookfield Property Partners and Brookfield Office Properties. Under his leadership, Brookfield’s real estate group grew its assets under management from $5 billion to more than $200 billion and expanded globally across the property spectrum.

    “We are delighted to welcome Ric to Captivision’s Board of Directors,” said Gary Garrabrant, Chairman and CEO of Captivision. “Ric brings an unparalleled experience building and leading one of the world’s largest and most respected real estate companies. His accomplishments as an entrepreneur are equally distinguished as well as his relationships with decision makers globally.”

    Mr. Clark holds a Bachelor of Science from Indiana University of Pennsylvania.

    About Captivision

    Captivision is a pioneering manufacturer of media glass, combining IT building material and architectural glass. The product has a boundless array of applications including entertainment media, information media, cultural and artistic content as well as marketing use cases. Captivision can transform any glass façade into a transparent media screen with real time live stream capability. Captivision is fast becoming a solution provider across the LED product spectrum.

    Captivision’s media glass and solutions have been implemented in hundreds of locations globally across sports stadiums, entertainment venues, casinos and hotels, convention centers, office and retail properties and airports. Learn more at http://www.captivision.com/.

    Cautionary Note Regarding Forward-Looking Statements
    This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. These forward-looking statements include, without limitation, statements relating to expectations for future financial performance, business strategies, or expectations for the Company’s respective businesses. These statements are based on the beliefs and assumptions of the management of the Company. Although the Company believes that its plans, intentions and expectations reflected in or suggested by these forward-looking statements are reasonable, it cannot assure you that it will achieve or realize these plans, intentions or expectations. These statements constitute projections, forecasts, and forward-looking statements, and are not guarantees of performance. Such statements can be identified by the fact that they do not relate strictly to historical or current facts. When used in this press release, words such as “believe”, “can”, “continue”, “expect”, “forecast”, “may”, “plan”, “project”, “should”, “will” or the negative of such terms, and similar expressions, may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking.

    The risks and uncertainties include, but are not limited to: (1) the ability to raise financing in the future and to comply with restrictive covenants related to indebtedness; (2) the ability to realize the benefits expected from the business combination and the Company’s strategic direction; (3) the significant market adoption, demand and opportunities in the construction and digital out of home media industries for the Company’s products; (4) the ability to maintain the listing of the Company’s ordinary shares and warrants on Nasdaq; (5) the ability of the Company to remain competitive in the fourth generation architectural media glass industry in the face of future technological innovations; (6) the ability of the Company to execute its international expansion strategy; (7) the ability of the Company to protect its intellectual property rights; (8) the profitability of the Company’s larger projects, which are subject to protracted sales cycles; (9) whether the raw materials, components, finished goods, and services used by the Company to manufacture its products will continue to be available and will not be subject to significant price increases; (10) the IT, vertical real estate, and large format wallscape modified regulatory restrictions or building codes; (11) the ability of the Company’s manufacturing facilities to meet their projected manufacturing costs and production capacity; (12) the future financial performance of the Company; (13) the emergence of new technologies and the response of the Company’s customer base to those technologies; (14) the ability of the Company to retain or recruit, or to effect changes required in, its officers, key employees, or directors; (15) the ability of the Company to comply with laws and regulations applicable to its business; and (16) other risks and uncertainties set forth under the section of the Company’s Annual Report on Form 20-F entitled “Risk Factors.”

    These forward-looking statements are based on information available as of the date of this press release and the Company’s management team’s current expectations, forecasts, and assumptions, and involve a number of judgments, known and unknown risks and uncertainties and other factors, many of which are outside the control of the Company and its directors, officers, and affiliates. Accordingly, forward-looking statements should not be relied upon as representing the Company management team’s views as of any subsequent date. The Company does not undertake any obligation to update, add or to otherwise correct any forward-looking statements contained herein to reflect events or circumstances after the date they were made, whether as a result of new information, future events, inaccuracies that become apparent after the date hereof or otherwise, except as may be required under applicable securities laws.

    Media Contact:
    Gateway Group
    Zach Kadletz
    +1 949-574-3860
    CAPT@gateway-grp.com

    Investor Contact:
    Gateway Group
    Ralf Esper
    +1 949-574-3860
    CAPT@gateway-grp.com

    The MIL Network –

    March 19, 2025

  • MIL-OSI: CURRENC to Develop 500MW Hyperscale AI Data Center in Malaysia

    Source: GlobeNewswire (MIL-OSI)

    SINGAPORE, March 18, 2025 (GLOBE NEWSWIRE) — CURRENC Group Inc. (Nasdaq: CURR) (“CURRENC” or the “Company”), a fintech pioneer empowering financial institutions worldwide with artificial intelligence (AI) solutions, today announced plans to acquire 100 acres of land in Johor, Malaysia, to build a hyperscale Artificial Intelligence Data Center (AIDC).

    Featuring a total planned capacity of 500MW, the 100-acre AIDC campus will be developed in phases. Phase 1, comprising 100MW, is targeted for completion and operation by the end of 2026. The campus will provide co-location and wholesale leasing solutions to hyperscalers, enterprise clients, and other data center users, catering to diverse needs and ensuring a robust tenant base. Upon completion, the facility is expected to be one of Southeast Asia’s largest AIDCs and will serve as a cornerstone in CURRENC’s strategy to accelerate financial institutions’ adoption of AI technology.

    The Company is currently in discussions with anchor tenants. Construction of each phase of the facility will commence once the Company has secured long-term tenants to occupy a substantial portion of that phase’s planned capacity.

    “This investment marks the beginning of a new chapter in CURRENC’s development, complementing our existing portfolio of AI tools for financial institutions,” said Alex Kong, Founder and Executive Chairman of CURRENC. “With open-source models such as DeepSeek and Qwen quickly reducing the cost of AI deployment and large language model training, AI is rapidly becoming a necessity to remain competitive in the financial industry, boosting global demand for AI technology and support. Our new AIDC will deliver unmatched computing power as well as the flexible, scalable infrastructure that financial institutions require to implement AI throughout their operations and thrive in the digital era. Bolstered by our AIDC, CURRENC’s comprehensive AI solutions will continue to lower entry barriers for financial institutions to adopt AI, empowering growth across the financial industry and leading the digital transformation in Southeast Asia and beyond.”

    Johor, located approximately 20 kilometers north of Singapore, is rapidly emerging as Asia-Pacific’s fastest-growing data center hub. The region offers outstanding international data connectivity with direct fiber optic links to Singapore, reliable power infrastructure and attractive tax incentives for both operators and employees offered by the Malaysian government. These favorable conditions position Malaysia as a prime destination for data center operations, particularly catering to the burgeoning demand across the ASEAN region.

    About CURRENC Group Inc.
    CURRENC Group Inc. (Nasdaq: CURR) is a fintech pioneer dedicated to transforming global financial services through artificial intelligence (AI). The Company empowers financial institutions worldwide with comprehensive AI solutions, including SEAMLESS AI Call Centre and other AI-powered tools designed to reduce costs, increase efficiency and boost customer satisfaction for banks, insurance, telecommunications companies, government agencies, cryptocurrency exchanges and other financial institutions. The Company’s digital remittance platform also enables e-wallets, remittance companies, and corporations to provide real-time, 24/7 global payment services, advancing financial access across underserved communities.

    Safe Harbor Statement
    This press release contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. Statements that are not historical facts, including statements about the Company’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties, and a number of factors could cause actual results to differ materially from those contained in any forward-looking statement. In some cases, forward-looking statements can be identified by words or phrases such as “may,” “will,” “expect,” “anticipate,” “target,” “aim,” “estimate,” “intend,” “plan,” “believe,” “potential,” “continue,” “is/are likely to” or other similar expressions. Further information regarding these and other risks, uncertainties, or factors is included in the Company’s filings with the SEC. All information provided in this press release is as of the date of this press release, and the Company does not undertake any duty to update such information, except as required under applicable law.

    Investor & Media Contact
    CURRENC Group Investor Relations
    Email: investors@currencgroup.com

    The MIL Network –

    March 19, 2025

  • MIL-OSI: Alto Ingredients, Inc. Enters into Letter Agreement with Bradley L. Radoff and Michael Torok

    Source: GlobeNewswire (MIL-OSI)

    PEKIN, Ill., March 18, 2025 (GLOBE NEWSWIRE) — Alto Ingredients, Inc. (NASDAQ: ALTO), a leading producer and distributor of specialty alcohols, renewable fuels and essential ingredients, today announced that it has entered into a letter agreement (the “Letter Agreement”) with Bradley L. Radoff and Michael Torok (collectively with their affiliates, the “Radoff/Torok Group”), under which the Radoff/Torok Group has agreed that during the period commencing on the date of the Letter Agreement until the date that is the earlier to occur of (i) thirty (30) days prior to the deadline for delivery of notice under the Company’s Amended and Restated Bylaws for the nomination of director candidates for election to the Board of Directors (the “Board”) at Alto Ingredients, Inc.’s (the “Company”) 2026 Annual Meeting of Stockholders (the “2026 Annual Meeting”) or (ii) one hundred twenty (120) days prior to the first anniversary of the 2025 Annual Meeting of Stockholders of the Company, currently scheduled for June 25, 2025 (the “Standstill Period”), at each annual or special meeting of the stockholders of the Company, the Radoff/Torok Group will cause all shares of the Company’s common stock beneficially owned by it in favor of all directors nominated by the Board for election and otherwise in accordance with the recommendations of the Board, and against the election of any director nominee not so recommended by the Board.

    Pursuant to the terms of the Letter Agreement, the Radoff/Torok Group has also agreed to customary standstill and other provisions. The full text of the Letter Agreement will be filed as an exhibit to a Current Report on Form 8-K with the U.S. Securities and Exchange Commission.

    About Alto Ingredients, Inc.
    Alto Ingredients, Inc. (NASDAQ: ALTO) is a leading producer and distributor of specialty alcohols, renewable fuels and essential ingredients. Leveraging the unique qualities of its facilities, the company serves customers in a wide range of consumer and commercial products in the Health, Home & Beauty; Food & Beverage; Industry & Agriculture; Essential Ingredients; and Renewable Fuels markets. For more information, please visit www.altoingredients.com.

    Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995
    Statements and information contained in this communication that refer to or include Alto Ingredients’ estimated or anticipated future results or other non-historical expressions of fact are forward-looking statements that reflect Alto Ingredients’ current perspective of existing trends and information as of the date of the communication. Forward-looking statements generally will be accompanied by words such as “anticipate,” “believe,” “plan,” “could,” “should,” “estimate,” “expect,” “forecast,” “outlook,” “guidance,” “intend,” “may,” “might,” “will,” “possible,” “potential,” “predict,” “project,” or other similar words, phrases or expressions. Such forward-looking statements include, but are not limited to, statements concerning Alto Ingredients’ projected outlook and future performance, including the timing and effects of its cost savings initiatives and its acquisition of a liquid carbon dioxide processor adjacent to its Columbia plant; Alto Ingredients’ capital projects, including its carbon capture and storage (CCS) project and opportunities to optimize carbon; and Alto Ingredients’ other plans, objectives, expectations and intentions. It is important to note that Alto Ingredients’ plans, objectives, expectations and intentions are not predictions of actual performance. Actual results may differ materially from Alto Ingredients’ current expectations depending upon a number of factors affecting Alto Ingredients’ business and plans. These factors include, among others adverse economic and market conditions, including for renewable fuels, specialty alcohols and essential ingredients; export conditions and international demand for the company’s products; fluctuations in the price of and demand for oil and gasoline; raw material costs, including production input costs, such as corn and natural gas; adverse impacts of inflation and supply chain constraints; and the cost, ability to fund, timing and effects of, including the financial and other results deriving from, Alto Ingredients’ repair and maintenance programs, plant improvements and other capital projects, including CCS, and other business initiatives and strategies. These factors also include, among others, the inherent uncertainty associated with financial and other projections and large-scale capital projects, including CCS; the anticipated size of the markets and continued demand for Alto Ingredients’ products; the impact of competitive products and pricing; the risks and uncertainties normally incident to the alcohol production, marketing and distribution industries; changes in generally accepted accounting principles; successful compliance with governmental regulations applicable to Alto Ingredients’ facilities, products and/or businesses; changes in laws, regulations and governmental policies, including with respect to the Inflation Reduction Act’s tax and other benefits Alto Ingredients expects to derive from CCS; the loss of key senior management or staff; and other events, factors and risks previously and from time to time disclosed in Alto Ingredients’ filings with the Securities and Exchange Commission including, specifically, those factors set forth in the “Risk Factors” section contained in Alto Ingredients’ Quarterly Report on Form 10-K filed with the Securities and Exchange Commission on March 13, 2025.

    Company IR and Media Contact:                 
    Michael Kramer, Alto Ingredients, Inc., 916-403-2755
    Investorrelations@altoingredients.com

    IR Agency Contact:
    Kirsten Chapman, Alliance Advisors Investor Relations, 415-433-3777
    altoinvestor@allianceadvisors.com

    The MIL Network –

    March 19, 2025

  • MIL-OSI: Nuvini Group Announces Term Sheet for the Acquisition of B2B SaaS Platform Munddi

    Source: GlobeNewswire (MIL-OSI)

    ~ Strengthens Portfolio with Strategic Expansion in Latin America ~

    ~ First of Four Anticipated Acquisitions in 2025 ~

    NEW YORK, March 18, 2025 (GLOBE NEWSWIRE) — Nuvini Group Limited (Nasdaq: NVNI) (“Nuvini” or the “Company”), a leading acquirer of private B2B SaaS companies in Latin America, today announced that it has entered into a term sheet (the “Term Sheet”) for the acquisition of Munddi Soluções em Tecnologia Ltda. – ME (“Munddi”), an online platform that connects brands with consumers, suppliers, and retail chains based in São Paulo, Brazil. This acquisition, if completed, will mark the first of four planned for 2025 as part of Nuvini’s ongoing expansion strategy. The transaction is expected to close in approximately 60 days, subject to the execution of the relevant definitive transaction documents and the satisfaction of applicable conditions precedent.

    “The acquisition of Munddi is a perfect fit for our portfolio and a strong start to our 2025 acquisition pipeline,” said Pierre Schurmann, CEO of Nuvini. “Munddi’s platform aligns seamlessly with our existing companies, including Onclick, Leadlovers, and Mercos, creating new synergies that drive revenue growth and enhance our ecosystem of B2B SaaS solutions. We remain committed to our strategy of acquiring, managing, and scaling companies that add strategic value to our network.”

    Strategic Fit & Growth Potential

    After the acquisition, Munddi will strengthen Nuvini’s growing ecosystem of SaaS businesses, particularly in retail and supply chain solutions. Its integration with Onclick, Leadlovers, and Mercos will unlock cross-selling opportunities, optimize business intelligence, and expand service offerings for Latin American enterprises.

    About Munddi

    Founded in 2015, Munddi helps small retailers acquire new customers by providing strategic insights and facilitating online product sourcing from regional suppliers. The platform empowers both manufacturers and retailers with data-driven business opportunities, streamlining the connection between buyers and sellers in the retail supply chain.

    About Nuvini

    Headquartered in São Paulo, Brazil, Nuvini is Latin America’s leading private serial acquirer of B2B SaaS companies. The company focuses on acquiring profitable, high-growth SaaS businesses with strong recurring revenue and cash flow generation. By fostering an entrepreneurial environment, Nuvini enables its portfolio companies to scale and maintain leadership within their respective industries. The company’s long-term vision is to buy, retain, and create value through strategic partnerships and operational expertise.

    Disclaimer and Forward-Looking Statements

    Any obligation of the Company under the Term Sheet is subject to, among other things, the execution of the relevant definitive transaction documents, the result of a due diligence on Munddi, the satisfaction of conditions precedent for a transaction of this nature. There can be no assurance that any definitive transaction agreements will be entered into or that the potential Munddi acquisition will be consummated on the terms set forth herein, or at all. Therefore, it is possible that such potential acquisition may never occur.

    Statements about future expectations, plans and prospects, as well as any other statements regarding matters that are not historical facts, may constitute “forward-looking statements” within the meaning of The Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, statements relating to the potential Munddi acquisition and the Term Sheet, including the Concurrent Investment and the other terms thereof. The words “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “should,” “target,” “will,” “would” and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors, including, without limitation: the Company’s ability to negotiate and enter into a definitive agreement with respect to the potential Munddi acquisition or any other alternative proposals on terms satisfactory to the Company, as well as the desirability of any such potential Munddi acquisition compared to alternatives which may be available to the Company; if a definitive agreement is reached, the Company’s ability to complete the potential acquisition on the anticipated timeline or at all; general market conditions that could affect the consummation of the potential acquisition; if definitive documents with respect to a potential acquisition are executed, whether the parties will achieve any of the anticipated benefits of any such Proposed Transaction; and other factors discussed in the “Risk Factors” section of the Company’s Quarterly and Annual Reports filed with the SEC, and the risks described in other filings that the Company may make with the SEC. Any forward-looking statements speak only as of the date hereof, and the Company specifically disclaims any obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise.

    Investor Relations Contact
    Sofia Toledo
    ir@nuvini.co

    MZ North America
    NVNI@mzgroup.us

    The MIL Network –

    March 19, 2025

  • MIL-OSI: StepStone Group Announces 2025 Partner and Managing Director Promotions

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, March 18, 2025 (GLOBE NEWSWIRE) — StepStone Group Inc. (Nasdaq: STEP), a global private markets investment firm focused on providing customized investment solutions and advisory and data services, has named 10 new partners and 24 new managing directors.

    Partner and CEO Scott Hart said, “The momentum of the StepStone franchise is as strong as ever, which is a testament to the great talent we have attracted, cultivated, and promoted into leadership positions over the years. Congratulations to the newest class of partners and managing directors.”

    2025 Partner Class

    • Christopher Bernadino joined StepStone in 2015 and is based in La Jolla. He serves as Global Head of Information Technology and Chief Information Security Officer.
    • Elizabeth Ferry joined StepStone in 2019 and is based in La Jolla. She serves as Head of Operational Due Diligence.
    • Anthony Giambrone joined StepStone in 2021 and is based in Baltimore. He is a member of the Venture Capital and Growth Equity team.
    • Remo Kämpf joined StepStone in 2016 and is based in Zurich. He is a member of the Private Debt team.
    • Laia Massague joined StepStone in 2017 and is based in London. She is a member of the Real Estate team.
    • Pooja Patel joined StepStone in 2014 and is based in London. She is a member of the Real Estate team.
    • Tim Rees joined StepStone in 2014 and is based in London. He is a member of the Infrastructure and Real Assets team.
    • Anja Ritchie joined StepStone in 2020 and is based in Frankfurt. She is a member of the Real Estate team.
    • Stephen West joined StepStone in 2021 and is based in Baltimore. He is a member of the Venture Capital and Growth Equity team.
    • Joey Wong Castillo joined StepStone in 2020 and is based in London. She serves as Head of Legal, Infrastructure and Real Assets.

    New Managing Directors

    • Michael Bermel, Private Wealth, Charlotte
    • Elise Chanlatte, Fund Accounting, La Jolla
    • Jo-Anne Curchod, Corporate Finance and Accounting, Zurich
    • James Connolly, Operations, Dublin
    • Alec Darbyshire, Real Estate, San Francisco
    • Colin Donnelly, Real Estate, Chicago
    • Sean Doyle, Private Debt, Dublin
    • JD Hall, Venture Capital and Growth Equity, Baltimore
    • Patrick Hart, Product Management, La Jolla
    • Nichole Kim, Private Equity, New York
    • Daniel Krikorian, Private Equity, La Jolla
    • Gray Layden, Real Estate, San Francisco
    • Richard Lowe, Real Estate, London
    • Alex Morsy, Data and Software Engineering, La Jolla
    • Akhilan Nesaratnam, Private Equity, London
    • Simi Olusoga, Product Management, New York
    • Miriam Penney, Operational Due Diligence, Dublin
    • Selin Pinarci, Product Management, Zurich
    • Dylan Quesada, Product Management, New York
    • Veith Riebow, Business Development, Frankfurt
    • Jared Root, Private Debt, New York
    • Nicholas Russell, Portfolio Analytics and Reporting, La Jolla
    • Jonathan True, Private Equity, New York
    • Theodore Wong, Product Management, New York

    About StepStone

    StepStone Group Inc. (Nasdaq: STEP) is a global private markets investment firm focused on providing customized investment solutions and advisory and data services to its clients. As of December 31, 2024, StepStone was responsible for approximately $698 billion of total capital, including $179 billion of assets under management. StepStone’s clients include some of the world’s largest public and private defined benefit and defined contribution pension funds, sovereign wealth funds and insurance companies, as well as prominent endowments, foundations, family offices and private wealth clients, which include high-net-worth and mass affluent individuals. StepStone partners with its clients to develop and build private markets portfolios designed to meet their specific objectives across the private equity, infrastructure, private debt and real estate asset classes.

    Contacts

    Shareholder Relations:
    Seth Weiss
    shareholders@stepstonegroup.com
    +1 (212) 351-6106

    Media:
    Brian Ruby / Chris Gillick / Matt Lettiero, ICR
    StepStonePR@icrinc.com
    +1 (203) 682-8268

    The MIL Network –

    March 19, 2025

  • MIL-OSI Russia: Registration for the qualifying round of the International Financial Security Olympiad is open

    Translartion. Region: Russians Fedetion –

    Source: State University Higher School of Economics – State University Higher School of Economics –

    The Olympiad is organized by Rosfinmonitoring jointly with the Ministry of Education and Science and the Ministry of Education of Russia, as well as universities of the International Network Institute in the field of AML/CFT, including the Higher School of Economics. This year, HSE experts took methodological part in developing the tasks of the invitational round. Schoolchildren and students who registered for the selection round before March 30 are allowed to participate.

    International Financial Security Olympiad — is an intellectual competition that is held annually on the instructions of the President of the Russian Federation Vladimir Putin. Its main objectives include popularizing financial security as a norm of life, minimizing the risks of involving young people in illegal activities and forming a new type of thinking: from the financial security of an individual to the financial security of the state and the commonwealth of states. Over the four years of its existence, the Olympiad has already united over 6 million people from 36 countries!

    The Olympiad is held for students in grades 8–10 in the unified profile “financial security” based on such school subjects as mathematics, computer science and social studies, and for students (1–3 years of bachelor’s degree, 1–4 years of specialist degree and 1st year of master’s degree) — in separate areas of training:

    jurisprudence;

    Mathematics, Applied Mathematics and Computer Science, Applied Mathematics, Mathematics and Computer Science, Fundamental Computer Science and Information Technology, Computer Science and Computer Engineering, Applied Computer Science, Information Security, Business Computer Science;

    economics, finance and credit, economic security;

    international relations, foreign regional studies.

    The International Financial Security Olympiad is held in several stages. The first of them is an invitational one, which allows you to get acquainted with the format of the tasks, study additional materials and prepare for the new cycle. The second stage is a qualifying one. It is organized in the form of two rounds – from March 31 to April 4 and from April 9 to 15 – in an online format using the Sodruzhestvo platform. You can start completing the tasks only after registration, which must be completed before March 30.

    The third important stage is the qualification stage, which is scheduled for the period from August 1 to September 3.

    The final will take place from September 28 to October 3 at the Siberian Federal University (Russia, Krasnoyarsk).

    Winners and prize winners of the Olympiad will receive advantages when entering a university and offers for practical training and internships with the possibility of further employment from Rosfinmonitoring, the Bank of Russia, PAO Promsvyazbank, MUMCFM, leading financial organizations and partners. Schoolchildren who show high results will be able to enroll in a bachelor’s/specialist’s degree at the Higher School of Economics without entrance examinations or get 100 points for the entrance examination. The benefits apply to the programs of the National Research University Higher School of Economics in Moscow.Information security“, “Computer security” And “Jurisprudence: Digital Lawyer“, as well as to the relevant programs in Nizhny Novgorod And Perm.

    “We invite students not only to test themselves by participating in the Olympiad, but also to delve into the issues of financial security in more detail! For this purpose, in 2025 we are launching a minor”Financial Security and Computer Investigations”. You will be able to obtain the necessary knowledge base and form a framework of important legal, financial and digital competencies, and upon completion – an official document confirming the additional qualification received. Thanks to this, new career opportunities in this field will open up for you,” comments Alexander Chepovsky, Director of Strategic Work with Applicants.

    The micro-qualification obtained by the minor is “specialist (expert) in the field of financial and information security”. It will allow you to be a sought-after employee in the corporate sector, government agencies, budgetary organizations and non-profit organizations.

    Minor Selection Campaign will take place in the near future: March 20 and 21 – the first wave, March 25 – the second.

    Please note: This information is raw content directly from the source of the information. It is exactly what the source states and does not reflect the position of MIL-OSI or its clients.

    MIL OSI Russia News –

    March 19, 2025

  • MIL-OSI Security: Washington Man Arrested on Drug Trafficking and Firearm Charges

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

    The Federal Bureau of Investigation (FBI), Salt Lake City Division, Missoula Resident Agency, and the United States Attorney’s Office, District of Montana, announced the arrest of Tyreece Dunbar of Seattle, Washington, pursuant to a federal complaint. Dunbar was charged with Possession with Intent to Distribute Controlled Substances, Possession of a Firearm in Furtherance of a Drug Trafficking Crime, Felon in Possession of a Firearm, and Possession of Body Armor by a Violent Felon.

    Dunbar was initially arrested on March 15, 2025, in Missoula, Montana, on an outstanding warrant out of Washington state, without incident.

    According to the affidavit filed in support of the criminal complaint, investigators received information alleging that Dunbar was distributing large amounts of fentanyl and methamphetamine in the Missoula area.

    Dunbar had his initial appearance today, March 17, 2025, in U.S. District Court in Missoula.

    This investigation was conducted by the FBI Montana Regional Violent Crime Task Force (MRVCTF) with assistance from the Missoula County Sheriff’s Office. The FBI MRVCTF consists of agents from the FBI and investigators with the Missoula Police Department, Missoula County Sheriff’s Office, the Kalispell Police Department, Lewis and Clark County Sheriff’s Office, Customs Border Protection, Border Patrol, and Montana Probation and Parole.

    A criminal complaint is merely an accusation. An individual charged by criminal complaint is presumed innocent unless and until proven guilty at later criminal proceedings.

    MIL Security OSI –

    March 19, 2025

  • MIL-OSI: Stardust Power Announces Year End 2024 Earnings Release Date, Conference Call

    Source: GlobeNewswire (MIL-OSI)

    GREENWICH, Conn., March 18, 2025 (GLOBE NEWSWIRE) — Stardust Power Inc. (NASDAQ: SDST) (“Stardust Power” or the “Company”), an American developer of battery-grade lithium products, today announced that it will release its year end 2024 financial results after market close on Thursday 27 March, 2025.

    Roshan Pujari, Founder and Chief Executive Officer and Uday Devasper, Chief Financial Officer will host a conference call at 5:30pm ET on Thursday 27 March, 2025 to discuss the Company’s results.

    Participants may access the call by clicking the participant call link to ask questions:

    https://register-conf.media server.com/register/BIa452f3fd54bf4f7486c84cbbebebf5e4. Upon registering at the link, you will receive the dial-in info and a unique PIN to join the call as well as an email confirmation with the details.

    You can also access the call via live audio webcast using the website link to listen in: https://edge.media-server.com/mmc/p/39cnop5g

    Participants should log in at least 15 minutes early to receive instructions.

    About Stardust Power Inc.

    Stardust Power is a developer of battery-grade lithium products designed to bolster America’s energy leadership by building resilient supply chains. Stardust Power is developing a strategically central lithium refinery in Muskogee, Oklahoma with the anticipated capacity of producing up to 50,000 metric tons per annum of battery-grade lithium. The Company is committed to sustainability at each point in the process. Stardust Power trades on the Nasdaq under the ticker symbol “SDST.”

    For more information, visit www.stardust-power.com

    Stardust Power Contacts

    For Investors:

    Johanna Gonzalez
    investor.relations@stardust-power.com

    For Media:

    Michael Thompson

    media@stardust-power.com

    The MIL Network –

    March 19, 2025

  • MIL-OSI Europe: Forecast for public finances: uncertain outlook for federal finances and social security funds

    Source: Switzerland – Department of Finance

    The public sector’s financial development differs depending on the level of government. The latest forecasts of the Federal Finance Administration (FFA) through to 2028 show that the Confederation’s financial situation will depend heavily on the relief package in particular. The cantons are likely to continue to generate surpluses, while the municipalities are set to return to small structural deficits from 2026 onward. Due to the unresolved funding for the 13th monthly AHV pension payment, there is still considerable uncertainty for the social security funds.

    MIL OSI Europe News –

    March 19, 2025

  • MIL-OSI: KIP’s First Superior Agent Trading Tournament Concludes, Showcasing AI-Driven Market Evolution

    Source: GlobeNewswire (MIL-OSI)

    SINGAPORE, March 18, 2025 (GLOBE NEWSWIRE) — KIP Protocol, the Web3 base layer for AI, has successfully completed the first-ever fully autonomous on-chain AI trading tournament, marking a significant milestone in self-learning artificial intelligence. Powered by Superior Agents, the world’s first truly autonomous AI framework, the competition demonstrated how AI-driven market strategies can evolve, adapt, and execute trades without human intervention.

    Over 48 hours of live trading, AI agents started with an equal balance of $500, dynamically refining their strategies in real-time. By the tournament’s conclusion, SEFER, running on o3-mini, secured first place with a 34.8% increase in capital, finishing at $674. PONDER, powered by Gemini 2.0 Flash Lite, followed with a 6.2% gain, reaching $531. DEIXIS, operating on Claude 3.7 Sonnet, closed at $530 with a 6.0% increase, while VERITY, using DeepSeek V3, ended with a slight 1.0% loss at $495. The competition also awarded a $150 USDT prize to @Zardl00n, who made the most accurate prediction of SEFER’s final balance.

    Unlike traditional algorithmic trading models, Superior Agents do not follow predefined rules or static datasets. Instead, they self-learn, refine their decision-making, and develop novel strategies through trial and error. The tournament served as a stress test for financial autonomy, proving that AI can navigate and optimize within a live trading environment without human oversight. This marks a fundamental shift in AI capabilities, moving beyond programmed behaviors to dynamic, self-improving intelligence capable of surviving and thriving in real-world economic conditions.

    Dr. Jennifer Dodgson, Co-Founder and Chief Researcher of Superior Agents, emphasized the tournament’s significance in the evolution of AI. “This event was more than just a competition—it was a proof of concept. We now have AI agents that are not only trading but actively learning from their successes and failures, evolving their strategies in real-time. This is a glimpse into the future of AI-driven economies, where autonomous agents sustain themselves financially and operate independently in complex environments.”

    Following the success of the tournament, KIP Protocol plans to expand the Superior Agent framework into new domains, including cybersecurity, AI-driven gaming, and autonomous business intelligence. Future iterations will introduce more challenging environments, increasing complexity and pushing the limits of self-learning AI. With deeper integration into the KIP Protocol ecosystem, these advancements will unlock new opportunities for $KIP holders, further solidifying AI’s role in decentralized economies.

    As Superior Agents continue to evolve, the next phase of testing will explore how they adapt to unpredictable, high-stakes environments. The upcoming challenges will not only refine AI autonomy but also reshape the landscape of AI-driven finance and beyond. The question remains—how far can these agents go? Stay tuned as KIP continues to push the boundaries of AI and its real-world applications.

    About KIP Protocol
    KIP Protocol builds cutting-edge Web3 infrastructure for AI developers and creators, enabling seamless deployment, monetization, and ownership of AI assets. The platform empowers a decentralized AI economy where creators thrive, retaining digital property rights and unlocking sustainable income streams. KIP solves mission-critical challenges faced in decentralized AI deployments, with an aim to jumpstart wholly new business ecosystems, and ensure the economic benefits brought about by AI can be enjoyed by all.

    Media Contact
    Alisa Jiang
    Operation Director 
    press@kip.pro

    Disclaimer: This press release is provided by KIP Protocol. 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.

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

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/65665efe-d29c-4059-aedc-38048acbeeab

    The MIL Network –

    March 19, 2025

  • MIL-OSI NGOs: Trapped, Pushed Back and Tortured: Poland’s Crackdown on Refugees at Europe’s Border

    Source: Oxfam –

    • New report from Oxfam and its Polish partner, Egala, details violence and torture facing people on the move at the Poland-Belarus border.
    • The report exposes Poland’s illegal pushback policy, bankrolled by the EU.
    • Oxfam and Egala is urging the EU to investigate human rights abuses and pushbacks at this European border and invest in strengthening Poland’s asylum and reception system.   

    Today, Egala and Oxfam published a new report, “Brutal Barriers”, detailing the frightening and sometimes deadly journey of people trying to reach safety in Europe. Survivors’ testimonies reveal the violence inflicted by both Polish and Belarusian authorities on people seeking asylum as well as the treacherous conditions people face in crossing the swamplands of the primeval Białowieża forest. 

    The report documents abuses by the Polish authorities including shooting people with rubber bullets, setting dogs on them and giving them water laced with pepper spray. There are accounts of people being detained without food or water, having their clothes confiscated and being forced to strip naked.    

    Polish authorities have also forcibly pushed people back, including those in urgent need of medical care. This has included reported pushbacks of people who are unconscious or immobile, and even a case of a pregnant woman who was pushed back and subsequently suffered a miscarriage. Some have even reportedly been forcibly returned while receiving medical care in hospitals.  

    “Pushbacks at the Poland-Belarus border are generalized and systemic. We continuously come across people in the forest who have been pushed back to Belarus by Polish authorities”, said Aleksandra Gulińska, Egala Advocacy Lead.    

    Poland and Belarus have created a ‘death zone’ at Europe’s border. People are trapped in the forest for weeks or months, without food or water, exposed to extreme weather, with temperatures plummeting to minus twenty degrees in winter. People are unable to escape the forest as they are blocked on both sides by either the Polish or Belarusian authorities.  

    Accounts from those forcibly pushed back to Belarus paint a bleak picture of what awaits them on the Belarusian side of the border. Survivors describe the conditions as ‘hell’ with reports of violence, including sexual violence, robberies, and torture – from electrocution to waterboarding to cutting off of body parts.  

    “This is the ‘hell’ Poland is sending people back to, and it is sponsored by the EU,” said Sarah Redd, Oxfam Ukraine Advocacy Lead. 

    Local organizations and volunteers face increasing harassment and criminalization. Last year, Poland declared parts of the border an exclusion zone, making it harder for organizations like Egala to provide life-saving assistance. Aid workers are forced to choose between helping people in need and facing the criminalization or harassment of their staff and volunteers. 

    “We are among the very few who witness firsthand the hellish experience of people trying to seek safety. It’s terrifying to think about what would happen if no-one was there to help them”, said Gulińska. 

    The report also documents instances where the Polish authorities forced people to sign papers renouncing their intention to seek asylum, using intimidation and physical violence.  

    These reports of pushbacks are all part of Poland’s systemized pushback policy, with the latest move being a temporary block to people’s rights to claim asylum at its borders. With concerns over the escalation in Ukraine, European security sits at the top of the agenda. However, European leaders must ensure that these efforts do not include violations of fundamental human rights, as aid groups are witnessing at the Poland-Belarus border.  

    “Poland has abandoned its commitments to the rule of law and to protecting people fleeing war and persecution. It has instead replaced EU law with razor wire, torture and violence, creating an illegal pushback policy funded by the EU”, said Redd.  

    “The EU must stop bankrolling this pushback policy and shut down any future plans that gamble with people’s lives. The EU and European countries need to invest in an asylum system that actually works and allows people to rebuild their lives. This is not about politics – it’s about what is right”, said Redd.

    Egala is a grassroots organization providing humanitarian aid, medical support and legal assistance to people on the move at the Poland-Belarus border. Oxfam partnered with Egala in 2023 as part of its response to the humanitarian crisis at the Poland-Belarus border.  

    The report collects extensive existing evidence as well as testimonies from Egala volunteers and workers on the ground and the voices of refugees themselves in order to document the human consequences of restrictive, illegal and inhumane policies at this border. Below is a selection of testimonies – see the report for more: 

    “It’s June, the middle of summer, and I just met a man with first-degree hypothermia. He was emaciated and he hadn’t drunk anything”, Jagna, Egala volunteer and professional medic – name changed to protect identity.   

    “The second man had a leg injury and an initial degree of hypothermia. As his condition was not improving, the volunteer explained that they could try call an ambulance. About an hour after calling the official emergency number, the border guards arrived – without an ambulance. All three men were taken to the Border Guard post. At this point the Egala volunteers lost contact with them”, said Olga, Egala employee – name changed to protect identity.  

    “What would happen if we weren’t here? There would be a lot of dead bodies in the forest”, said Jagna, Egala volunteer and professional medic – name changed to protect identity.  

    Photos will be uploaded shortly here. There is a shorthand available – please reach out for more information.   

    In 2024, nearly 600 cases of violence by the Polish authorities were reported according to information provided by WeAreMonitoring.  

    The Polish government has taken several steps to create an illegal policy of pushbacks and violence including: 
     

    • September 2021: Poland created an exclusion zone at the border barring humanitarian workers and journalists. The zone was later reduced following legal action.  
    • June 2024: The Tusk government reintroduced the exclusion zone. The Polish authorities have yet to respond to requests from Egala to enter the zone to provide humanitarian assistance.  
    • July 2024: Poland enacted a law exempting Polish authorities from prosecution for improper use of weapons at the border.
    • February 2025: Poland suspended the right to asylum at the Poland-Belarus border – effectively legalizing pushbacks.  
       

    Oxfam and Egala are calling on the EU to: 
     

    • Redirect EU funding and support away from border walls and surveillance, and instead invest in strengthening Poland’s asylum and reception system.
    • Publicly condemn the human rights abuses occurring at the border.
    • Investigate breaches of EU asylum law by Poland and, if justified, initiate infringement proceedings.
    • Ensure that Poland implements the EU Migration Pact – in particular, an independent monitoring of human rights violations, such as pushbacks.  
       

    Oxfam and Egala call on the Polish government to: 
     

    • End illegal pushbacks and process asylum cases in accordance with human rights standards and EU law.  
    • Repeal laws decriminalizing firearm use and suspending the right to asylum.
    • Allow safe access to humanitarian and human rights organizations at the border area. 
       

    In 2022, the EU allocated over 67 million euro to Poland under the Border Management and Visa Policy Instrument to cover ‘the additional needs for support related to the situation at the border with Belarus’. In 2024, the EU topped up this funding by 52 million euro to enhance border surveillance.  

    MIL OSI NGO –

    March 19, 2025

  • MIL-OSI Global: How Donald Trump and Elon Musk are waging a deep and wide ‘uncivil war’

    Source: The Conversation – Canada – By Eli Sopow, Associate Professor, MBA Faculty of Leadership & People Management, University Canada West

    Never mind concerns about how the United States seems on the brink of another civil war. Thanks to President Donald Trump and his consigliere, Elon Musk, it’s now sinking wide and deep into what historical patterns show is an ugly “uncivil” war.

    Historians and neuro-scientists show there are well-established psychological patterns that explain how personal fear fosters anger that leads to a need for action to eliminate the fear.

    This dynamic has been evident in much of my 40 years of experience and research on public protests, including my doctorate on public order policing and subsequent ongoing analysis.

    Google Trends offers a scientifically valid rating of global search engine topics rated on a weighted scale of 100. In the U.S. on March 10, 2025, for example, the search topic “I am so angry all the time” hit the top of the 100 index, the highest in more than 20 years.

    The widespread public reaction to staffing cuts under Musk’s direction is receiving high domestic and international blowback from not only natural political critics, but Trump’s own Republicans. The reaction follows that tried-and-true trajectory of public dissent and protest escalating from fear to anger to action.

    This is evident in the reactions currently ranging from street-level public protests, a litany of court challenges and online outrage to U.S. government departments refusing to respond to the latest missive from Musk’s team demanding employees prove their worth or quit.

    Mad as hell?

    In the powerful 1976 movie Network, actor Peter Finch — playing a volcanic TV newscaster — goes berserk, rises from his desk and yells, “I’m a human being, goddamn it! My life has value … I’m mad as hell and I’m not going to take this anymore!” In response, thousands go to their windows and scream his rallying cry.

    A clip of the famous scene in Network when Peter Finch proclaims ‘I’m as mad as hell and I’m not going to take this anymore!’

    In perhaps a similar vein, leaders at the Pentagon, Federal Bureau of Investigation, the State Department, the Department of Homeland Security and the Department of Energy recently instructed federal workers not to reply to a weekend email from the Office of Personnel Management with the subject line: “What did you do last week?”

    The fear-anger-action dynamic is now unfolding in America.

    Republican Sen. John Curtis of Utah told CBS news:

    “If I could say one thing to Elon Musk, it’s ‘Please put a dose of compassion in this. These are real people. These are real lives …. It’s a false narrative to say we have to cut, and you have to be cruel to do it, as well. We can do both.”

    The response from Musk and Trump to the outrage follows a proven pattern of action and anti-action my colleagues and I have termed the “4-D defense” of deny, divert, delay and destroy. We discovered this pattern through many years of research on public activism for both industry and government agencies, and it was the focus of my PhD dissertation.

    We analyzed the content of thousands of traditional news stories, public opinion surveys and the socio-demographics of fearful groups that were angry they were being impacted by actions that were unfair, unlawful, dangerous and arbitrary.

    We found that the defensive 4-D reaction works like this:

    • First deny there’s a problem.

    • When proven true, then divert the cause to someone else.

    • When proven you’re the cause, agree to remedies but delay the process as long as possible through promises and endless consultations.

    • When this is unacceptable, then destroy those protesting by besmirching their credibility and reputations with erroneous and confusing counter-facts and entangled lawsuits.

    Trump prefers the ‘destroy’ part

    Trump is quick to jump to the “destroy” part of 4-D defense through threats that have included bullying and crushing tariffs.

    Another example of this Trump tendency was a recent heated Truth Social post in which he vowed to “imprison or deport students who participate in certain protests” against his attacks on education.

    Musk responded on his social media site, X, that reactions by frightened and angry employees to arbitrary firings was “EXTREMELY troubling that some parts of government think this is TOO MUCH!! What is wrong with them?”



    Read more:
    Musk’s ruthless approach to efficiency is not translating well to the U.S. government

    Musk appears to be embracing the 1911 “scientific management” style of Frederick Taylor, an American inventor and engineer who is known as the father of scientific management. He argued that the “greatest evil” in the workplace was lazy employees who were simply “replaceable cogs on a wheel.”
    When Musk asks “what is wrong with them?” in reference to the fear, anger and demands for protective action from hundreds of thousands of federal employees, he should perhaps watch Network.

    It seems they’re “mad as hell and not going to take it anymore.”

    Eli Sopow does not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

    – ref. How Donald Trump and Elon Musk are waging a deep and wide ‘uncivil war’ – https://theconversation.com/how-donald-trump-and-elon-musk-are-waging-a-deep-and-wide-uncivil-war-251538

    MIL OSI – Global Reports –

    March 19, 2025

  • MIL-OSI United Kingdom: Ambitions are high as UK celebrates a year in Horizon Europe

    Source: United Kingdom – Government Statements

    Press release

    Ambitions are high as UK celebrates a year in Horizon Europe

    Hundreds of researchers, business leaders and academics gather at the Oval in London to mark a year of UK success in Horizon – and plan for much more.

    • Hundreds of researchers, business leaders and academics gather at the Oval in London to mark a year of UK success in Horizon – and plan for much more
    • £80 billion Horizon Europe programme is the world’s largest international research endeavour, and an important part of the UK’s relationship with Europe
    • International research collaboration is a key driver of economic growth, and the government’s Plan for Change

    More than 500 of the UK’s leading researchers, businesspeople and scientists will gather at London’s Oval today (Tuesday 18 March) to celebrate the successes that have already been delivered since the UK associated to the Horizon Europe programme, last year. They’ll also hear advice from industry experts, European diplomats, and leading academics on how to seize the opportunities for funding and collaboration that Horizon offers, with £80 billion up for grabs through the programme.

    Initial signs suggest UK association is trending in the right direction. Recent ERC Synergy Grants saw awards made to 18 UK-hosted projects, the second highest number. Horizon is giving British researchers and innovators access to funding, so they can tackle some of the biggest issues facing society, from breakthroughs in healthcare, to putting AI to work across the economy. All of this stands to unleash growth and create jobs in high-potential new industries, all of which supports the growth goals at the heart of the government’s Plan for Change.

    In 2025, the government is doubling down on its efforts to help the UK’s brightest minds access the opportunities on offer through Horizon, through a new PR blitz, networking events in Italy, Germany and Spain for British businesspeople and researchers, and grants to help cover the businesses cover the cost of attending R&D events across Europe.

    Science Minister Lord Vallance, who will speak at today’s Showcase, said:

    Science is stronger when we work together with others, and as new technologies like AI develop rapidly international collaboration on research is more important than ever before.

    Investing in R&D unlocks the door to more productive businesses, highly skilled and paid jobs, economic growth, and innovations that improve our lives and health. We need to go even further to seize the opportunity our association to Horizon represents and then reap the benefits.

    Besides Lord Vallance’s keynote, attendees at the Showcase will also hear from UKRI’s International Champion Professor Christopher Smith, DSIT’s Chief Scientific Adviser Professor Chris Johnson, and Cyril Robin-Champigneul from the EU’s delegation to the UK. That will be supplemented by sessions with experts from the UKRI on how to build the best bids for Horizon grants, and networking opportunities.

    DSIT Chief Scientific Adviser Professor Chris Johnson said:

    Over the last year we’ve seen some initial green shoots of recovery when it comes to UK participation in Horizon Europe. Events like today are an important chance to build on that positive momentum, and learn from the experience of those who’ve already been successful in building bids for funding.

    In 2025 and beyond, we want more researchers and businesses to seize the benefits of Horizon, to accelerate the discoveries that will boost our economy, and deliver new technologies that will improve all our lives.

    UKRI International Champion Professor Christopher Smith said:

    Today’s gathering at the Oval is a testament to the extraordinary progress we’ve made since associating to the Horizon Europe programme. The collaboration and innovation fostered through Horizon Europe are driving breakthroughs that will shape our future, from healthcare advancements, to climate monitoring, to AI integration across industries.

    As we look ahead, it’s crucial that we continue to leverage these opportunities to work collaboratively with our international partners, advancing research, fostering innovation, and supporting our vibrant research community.

    Businesses up and down the country are already carrying out cutting-edge R&D thanks to Horizon backing, as well as building consortia with partners in countries ranging from Canada to South Korea, and beyond.

    We know from recent history that the UK can be a leader in this area. We have 4 of the top 10 universities in the world, and the second-highest number of Nobel prize winners globally. A quarter of projects in which the UK participated, funded through Horizon Europe’s predecessor, were UK-led. 

    Further information, including practical support on how to apply, is available on the Horizon Hub – found on Innovate UK and UK Research and Innovation websites. UKRI also host regular events that help guide businesses and researchers through the opportunities on offer and the application process. 

    Potential applicants can find Horizon Europe calls (funding opportunities) open to UK-based applicants using the European Commission’s funding and tender opportunities portal. They can apply for Horizon Europe funding through the European Commission’s funding and tenders portal, where the original funding call is found. More information on how to submit applications are available on the European Commission’s website.

    DSIT media enquiries

    Email press@dsit.gov.uk

    Monday to Friday, 8:30am to 6pm 020 7215 300

    Share this page

    The following links open in a new tab

    • Share on Facebook (opens in new tab)
    • Share on Twitter (opens in new tab)

    Updates to this page

    Published 18 March 2025

    MIL OSI United Kingdom –

    March 19, 2025

  • MIL-OSI United Kingdom: Bench art revealed ahead of Front Street celebration event

    Source: City of York

    Art of Protest has installed the first phase of new nature-inspired artwork in Acomb, ahead of the mural reveal and celebration event later this month.

    Each of the 8 wooden benches have been transformed with a unique design to reflect links to nature. Each bench is painted with a leaf design from the local woodland.

    This follows an extensive programme of engagement events and workshops where Art of Protest gathered the views and ideas of the local community and gained an understanding of what people would like to see.

    Alongside the benches, Art of Protest is also working on a new mural which aims to capture the spirit and sense of community in Acomb. This final piece of artwork is set to be unveiled at the celebration event later this month.

    The event will take place on Front Street on Saturday 22 March from 4.00pm, with a chance to see the new mural, meet the artists and join in with some creative spray paint activities. The event will continue from 6.00pm at Rise Bluebird Bakery café, where there will be a DJ set and community art exhibition.

    This art project is part of the wider scheme to improve Front Street and create a more accessible, vibrant, people-friendly space. The council received £570,000 of UK Shared Prosperity Funding to deliver these phase 2 improvements, which include new seating and planters, improved Blue Badge parking, wide and level pedestrian crossings, wayfinding signs and upgraded public toilets.

    Cllr Katie Lomas, Executive Member with responsibility for Finance and Major Projects, said:

    This is an incredibly exciting part of the project and it is great to see even more improvements take shape on Front Street.

    “This scheme is funded through the government’s UK shared prosperity fund and is helping to create a more accessible and attractive space for people to live, work, shop or visit.

    “The newly painted benches are a very welcome addition and do a fantastic job of brightening up the area. The designs for both the artwork and wider phase 2 improvements are based on significant engagement with the local community, so it will be great to be able to celebrate the progress with local people this weekend.

    “I am very much looking forward to seeing the finished mural and would encourage those who live or spend time in Acomb to come along and get involved.”

    Jeff Clark, Creative Director at Art of Protest said:

    It was great to see the evolution of the project, taking the community on the journey and developing local talent through the Street Art Academy and a local artist.

    “The feedback was inspirational and there is so much love and pride in the community.

    “We are celebrating the return of local trees and a wonderful idea of each bench having a local leaf emblem, so visitors to the area can say ‘see you at the oak bench’.

    “Each bench also has a carved out leaf emblem so they are accessible and engaging. The return of the oaks is then incorporated into the mural design.

    “We are so grateful to the local community, the support and great ideas. Please come and celebrate as this is your hard work.”

    Find more information about the Front Street improvement scheme.

    MIL OSI United Kingdom –

    March 19, 2025

  • MIL-OSI United Kingdom: The Mayor, his climate budget & the impacts

    Source: Mayor of London

    The London Assembly agreed a motion in December 2018, calling for “the Mayor to declare a Climate Emergency, supported by specific emergency plans with the actions needed to make London carbon neutral by 2030 …”.1

    The following month, the Mayor declared a climate emergency for London and has brought forward the target for London to be net zero from 2050 to 2030.2

    The Greater London Authority (GLA) states that:

    “A climate budget is a governance system that mainstreams climate considerations into decision making via the budget allocation process and highlights a city’s short-term actions to deliver the long-term climate targets (in line with the city’s climate action plan or Net Zero Pathway).”3

    Tomorrow, the London Assembly Budget and Performance Committee will meet to examine the impact of the Mayor’s Climate Budget and Green Finance Fund, and the impact this has had on achieving London’s net zero 2030 target.

    Guests include:

    Panel 1—Climate Budgeting

    • Heidi Sørensen, Head of the Agency for Climate, City of Oslo
    • Professor Carly McLachlan, the Director of The Tyndall Centre for Climate Change Research at Manchester University
    • Mark Johnson, Public sector lead, Association of Chartered Certified Accountants

    Panel 2—Climate Budgeting and Green Finance Fund at the GLA

    • Fay Hammond, Chief Finance Officer, GLA
    • Pete Daw, Head of Climate Change, GLA
    • Megan Life, Assistant Director of Environment and Energy, GLA
    • Sam Longman, Head of Sustainability and Corporate Environment, Transport for London
    • Kenroy Quellennec-Reid, Head of Impact Investment and Analysis, London Treasury, GLA 

    The meeting will take place on Wednesday 19 March from 10am, in the Chamber at City Hall, Kamal Chunchie Way, E16 1ZE.

    Media and members of the public are invited to attend.

    The meeting can also be viewed LIVE or later via webcast or YouTube.

    Follow us @LondonAssembly.

    MIL OSI United Kingdom –

    March 19, 2025

  • MIL-OSI Russia: Memory of the Great Victory: the conference “Front City Leningrad” was held at the Polytechnic

    Translartion. Region: Russians Fedetion –

    Source: Peter the Great St Petersburg Polytechnic University – Peter the Great St Petersburg Polytechnic University –

    On March 14 and 15, the second international youth conference “Front City Leningrad” was held in St. Petersburg, dedicated to the 80th anniversary of the Victory in the Great Patriotic War. The organizers were Peter the Great St. Petersburg Polytechnic University and the State Memorial Museum of the Defense and Siege of Leningrad.

    The event was held with the support of the Legislative Assembly of St. Petersburg, the Archive Committee of St. Petersburg, the Committee for Science and Higher Education of St. Petersburg. The organizing committee included representatives of St. Petersburg universities.

    The grand opening of the conference took place in the White Hall of SPbPU.

    The conference we are holding is truly significant. Such events are simply necessary now. We need to pay close attention to history and issues related to the existence of our state. We must pass on information about those important events and the heroic deeds of each person who took part in them from generation to generation. Through history and traditions, we create the unity of society, – welcomed the guests the first vice-rector of SPbPU Vitaly Sergeev.

    On behalf of the Chairman of the Legislative Assembly of St. Petersburg, Alexander Belsky, the participants were greeted by his deputy, Pavel Itkin.

    In today’s times, it is more important than ever for us to remember the great feat of our fathers and grandfathers, to pay great attention to the patriotic education of new generations. You are our hope and the future of our national history and science, – Pavel Itkin read.

    Chairman of the Committee on Science and Higher Education of St. Petersburg Andrei Maksimov conveyed greetings from the Governor of St. Petersburg Alexander Beglov and spoke about the competition of student and postgraduate works on the study of the defense and blockade of Leningrad.

    It is wonderful that the conference is becoming a good tradition, that all leading universities of St. Petersburg are taking part in this work. This is very responsible and important. You are the young generation, and thanks to you our society will be formed in the future. Therefore, knowing the past, you will be able to draw the right conclusions and choose your path, – said Andrey Maksimov.

    The acting director of the State Memorial Museum of the Defense and Siege of Leningrad, Anatoly Perebykovsky, also addressed the conference participants.

    It is a special honor for us to unite young people from various universities, scientific and educational institutions. The large number of applications for the conference speaks of the interest in preserving historical memory, which is more important today than ever, – emphasized Anatoly Perebykovsky.

    The participants were also greeted by the Chairman of the Committee on Youth Policy and Interaction with Public Organizations Bogdan Zastavny and the Chairman of the Archive Committee of St. Petersburg Petr Tishchenko.

    At the end of the official part, those gathered observed a minute of silence in memory of the victims of the Leningrad blockade.

    The conference participants were young scientists, postgraduates, and students from Russian and foreign universities under the age of 35.

    The plenary session was held at the Polytechnic University. The moderators were the director of the Higher School of Social Sciences of the Humanities Institute of SPbPU Anastasia Lisenkova, associate professor of the Higher School of Social Sciences of the Humanities Institute, academic secretary of the State Memorial Museum of the Defense and Siege of Leningrad Artem Popov, professor of the St. Petersburg Academy of the Investigative Committee of the Russian Federation, academic secretary of the State Memorial Museum of the Defense and Siege of Leningrad Alexander Kutuzov.

    SPbPU student Polina Krison presented a report on “The Contribution of Female Sappers to the Demining of Pavlovsk”. Danil Demin from the St. Petersburg Academy of the Investigative Committee of the Russian Federation recalled the importance of preserving the memory of the events of the Great Patriotic War. Anastasia Gribacheva, a postgraduate student at the Higher School of Economics from SPbPU, presented the organization of the production process at food enterprises in besieged Leningrad. ITMO student Elizaveta Beloborodova presented a report on “Digital Historical Projects as a Tool for Studying the Siege of Leningrad”. Valentina Stroganova from St. Petersburg State University spoke about the work of evacuation hospital No. 1012 within the walls of the Faculty of History during the Siege of Leningrad.

    Sectional meetings were held in person and online at leading universities in St. Petersburg and the regions of Russia, as well as at universities in Belarus and Uzbekistan. The moderators of these meetings were historians, teachers of the Higher School of Social Sciences of the Humanities Institute of SPbPU. The participants also took tours of the State Memorial Museum of the Defense and Siege of Leningrad.

    The conference organizing committee received more than 170 applications from four countries and 49 universities; sectional meetings were organized in nine St. Petersburg universities according to the sections’ profiles.

    Based on the results of the conference, it is planned to publish an electronic collection with posting in the RSCI database.

    Photo archive

    Please note: This information is raw content directly from the source of the information. It is exactly what the source states and does not reflect the position of MIL-OSI or its clients.

    MIL OSI Russia News –

    March 19, 2025

  • MIL-OSI: BiorBank Set to Launch as a Crypto-Focused Banking App

    Source: GlobeNewswire (MIL-OSI)

    BiorBank Out-Competes Wallets & Banks with True Web3 Banking

    BERGEN, Norway, March 18, 2025 (GLOBE NEWSWIRE) — BiorBank, a revolutionary non-custodial Web3 banking platform, has announced the launch of its Ethereum-based token on March 20th and its mobile app on March 24th for iOS and Android after successful beta-testing. The platform is set to disrupt the industry by merging crypto wallet functionality with real-world banking tools—something no other platform has successfully done.

    “For years, users have been stuck choosing between crypto wallets that do too little and banks that control too much,” said CEO & co-founder, Hassen Kadhim, of BiorBank. “We’re launching BiorBank to put real control back into users’ hands while giving them the banking features they actually need.”

    Addressing the Gaps in Crypto Wallets and Banking Apps

    Let’s be real—traditional crypto wallets aren’t built for the future. MetaMask, Phantom, and Trust Wallet? They’re just glorified key storage tools. They let you hold assets, sure—but they don’t help you actually use them. Need a multi-chain experience? Need built-in financial tools? Need a way to actually integrate crypto into daily life? Good luck.

    And banks? Worse. Revolut and other so-called “crypto-friendly” banking apps let you “buy” crypto, but you don’t own it. Try withdrawing large amounts of “your” Bitcoin off their platform. Try swapping tokens freely. You can’t—because it’s not really yours. They hold it. They control it.

    That’s the problem. No single solution gives users full control over their assets while also offering the convenience of real-world banking tools.

    BiorBank: Combining Web3 with Banking Functionality

    BiorBank is what crypto wallets should have been all along.

    • Non-custodial—You control your assets. No third-party risk. No restrictions.
    • Multi-chain—Supports Ethereum, Bitcoin, Solana, Cosmos, and more.
    • Built-in DEX Aggregator—Access to 2000+ liquidity pools with low slippage.
    • Social Logins—Forget seed phrases. Use Google/Twitter to sign in securely.
    • AI-Powered Support—Real-time assistance inside the app.
    • Web3 + Banking Features—Virtual cards, bill payments, and on/off-ramp (coming soon).

    It’s not just a wallet. It’s a Web3 bank.

    Why Now? The Shift Towards Self-Custody

    With increasing concerns over centralized exchange failures and evolving regulations, more users are seeking self-sovereign financial solutions. BiorBank is launching at a time when demand for decentralized asset management is growing.

    • Token launch: March 20th (Ethereum Network)
    • App launch: March 24th (iOS & Android)

    This isn’t just another crypto wallet launch. It’s the start of financial autonomy that actually puts users in control.

    BiorBank vs. Everyone Else

    About BiorBank

    BiorBank is a non-custodial Web3 banking platform designed to provide users with full control over their digital assets while integrating essential financial tools. Built to support multiple blockchain networks, BiorBank aims to make decentralized finance more accessible and practical for everyday use. The platform prioritizes security, user experience, and financial autonomy, bridging the gap between crypto and real-world banking services.

    The future of finance is non-custodial, multi-chain, and user-friendly and BiorBank is leading that charge.

    For media enquiries and partnerships Contact:
    Hassen Kadhim
    contactus@biorbank.com

    Disclaimer: This press release is provided by BiorBank. 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.

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

    Photos accompanying this announcement are available at:

    https://www.globenewswire.com/NewsRoom/AttachmentNg/a8a15f4e-b80c-47af-a474-645a32b78037

    https://www.globenewswire.com/NewsRoom/AttachmentNg/672067d8-fd63-48a1-8fd1-fe979366da6b

    The MIL Network –

    March 19, 2025

  • MIL-OSI: Edmiston Drive Capital Corp. Announces LOI with Canada Nickel Company

    Source: GlobeNewswire (MIL-OSI)

    VANCOUVER, British Columbia, March 18, 2025 (GLOBE NEWSWIRE) — Edmiston Drive Capital Corp. (“EDCC” or the “Company“) is pleased to announce that it has entered into a letter of intent effective March 17, 2025 (the “LOI“) setting out the terms of a proposed business combination (the “Transaction“) with a wholly-owned subsidiary of Canada Nickel Company (“CNC“).

    Under the terms of the LOI, Canada Nickel will grant net smelter return royalty interests on all of its regional exploration properties in the Timmins District (excluding the Crawford Project and the Dargavel and Kingsmill targets located on the original Project 81 patents) to a wholly-owned subsidiary (“RoyaltyCo“), and RoyaltyCo will amalgamate with a wholly-owned subsidiary of EDCC in exchange for a cash payment to CNC of C$8 million and the issuance of 8.9 million common shares of EDCC to CNC. As conditions precedent to the Transaction, EDCC expects to complete: a) a one for ten consolidation of its share capital and b) a private placement financing with gross proceeds of at least C$9 million as set out further below.

    Bruce Langstaff, the Chairman of EDCC, said: “We are pleased to enter into this transaction with Canada Nickel. We look forward to the advancement of the Timmins Camp as a source of nickel and other critical minerals for Canada and the world. Further, we are excited to accelerate our plans to develop a targeted portfolio of mineral royalty interests that will create long term value for our shareholders.”

    Transaction Structure

    EDCC expects that the Transaction will be structured as a three‐cornered amalgamation pursuant to which RoyaltyCo will amalgamate with a wholly‐owned subsidiary of EDCC and EDCC will acquire all of the issued and outstanding shares of RoyaltyCo from CNC in exchange for the issuance of an aggregate of 8,900,000 common shares of EDCC (each, an “EDCC Share“) to CNC. The Transaction remains subject to the negotiation of definitive documentation, the receipt of all applicable regulatory and third-party approvals and the satisfaction of other closing conditions set forth in the LOI.

    The Transaction will constitute a change of business for the Company, as EDCC was previously a non-resource issuer and upon completion of the Transaction, proposes to focus on mineral royalty acquisitions and other forms of financing for mineral exploration and development. The Transaction is not expected to be subject to the approval of shareholders of EDCC, on the basis that (i) shareholder approval is not required for a three‐cornered amalgamation under applicable corporate law; (ii) the Transaction is not a “related party transaction” and no other circumstances exist which may compromise the independence of the Company or other interested parties with respect to the Transaction; and (iii) the Company is not and will not be subject to a cease trade order and will not otherwise be suspended from trading on completion of the Transaction.

    Concurrent Financing

    As a condition precedent to the closing of the Transaction, EDCC plans to complete a non-brokered private placement (the “Private Placement“) of a combination of common and preferred shares to raise aggregate proceeds of $9 million.

    Following the completion of the Transaction, the net proceeds of the Private Placement are anticipated to be used to fund the payment to CNC contemplated by the LOI and for general corporate purposes.

    Conditions to Completion

    Completion of the Transaction is subject to several conditions. The Transaction cannot close until all required regulatory approvals are obtained. There can be no assurance that EDCC and/or CNC will receive such approvals on acceptable terms, or at all. Other conditions to the completion of the Transaction include, if applicable, disinterested shareholder approval. Where applicable, the Transaction cannot close unless and until the required shareholder approval is obtained. There can be no assurance that the Transaction will receive such approvals as proposed, or at all. Further, there can be no assurance that the proposed private placement financing will be completed on terms that are attractive to EDCC, or at all. Investors are cautioned that, except as disclosed in the management information circular or filing statement to be prepared in connection with the Transaction, neither CNC nor EDCC can make any representation or warranty as to the completeness or the accuracy of any information regarding the Transaction. Trading in the securities of EDCC should be considered highly speculative. Neither the Canadian Investment Regulatory Organization or any securities exchange has expressed an opinion on the merits of the proposed Transaction or has approved or disapproved the contents of this news release.

    On behalf of the Board of Directors

    Bruce Langstaff
    Executive Chairman
    info@copland-road.com

    Forward-Looking Statements

    This news release contains statements about the Company’s expectations regarding the proposed Transaction of the Company and the Private Placement which are forward‐looking in nature and, as a result, are subject to certain risks and uncertainties. Although the Company believes that the expectations reflected in these forward‐looking statements are reasonable, undue reliance should not be placed on them as actual results may differ materially from the forward‐looking statements. Factors that could cause the actual results to differ materially from those in forward‐looking statements include general business, economic, competitive and social uncertainties; and the delay or failure to receive all applicable regulatory and third party approvals, and availability of financing. The forward‐looking statements contained in this press release are made as of the date hereof, and the Company undertakes no obligation to update publicly or revise any forward‐looking statements or information, except as required by law.

    The MIL Network –

    March 19, 2025
←Previous Page
1 … 633 634 635 636 637 … 1,007
Next Page→
NewzIntel.com

NewzIntel.com

MIL Open Source Intelligence

  • Blog
  • About
  • FAQs
  • Authors
  • Events
  • Shop
  • Patterns
  • Themes

Twenty Twenty-Five

Designed with WordPress