Category: Finance

MIL-OSI USA: Lankford Calls to Reverse Biden Admin’s Green Energy Regulations

US Senate News:

Source: United States Senator for Oklahoma James Lankford

February 28, 2025

WASHINGTON, DC – Senator James Lankford (R-OK), Republican Conference Vice Chair, delivered remarks calling out the Biden Administration’s harmful energy regulations that put us in an energy emergency and urging solutions to fix it . Lankford is Chair of the Senate Finance Committee Subcommittee on Energy, Natural Resources, and Infrastructure.
CLICK HERE to download Lankford’s remarks on Box.
CLICK HERE to watch Lankford’s remarks on YouTube.
Excerpt
“Energy policies should be just common sense conversation. It shouldn’t be political. It should be—what do Americans need? And we should look beyond just today that the lights are on. We should at least look two years in the future and to say what’s about to happen in the country with our electric grid? Anticipate the problems that are coming. Make changes in policy here to make sure we don’t have an emergency there. So let’s declare the American Energy Emergency. Let’s fix it before we have the challenges that are coming in just a few short months.”

MIL OSI USA News –

March 1, 2025
MIL-OSI Economics: Secretary-General of ASEAN joins Chair of the ASEAN Economic Ministers’ Meeting 2025 in a Press Conference of the 31st AEM Retreat

Source: ASEAN

Secretary-General of ASEAN, Dr. Kao Kim Hourn, earlier this afternoon joined the Chair of the ASEAN Economic Ministers’ (AEM) Meeting 2025 and Minister of Investment, Trade and Industry of Malaysia Tengku Zafrul Tengku Abdul Aziz in a press conference of the 31st AEM Retreat. During the press conference, Minister Tengku Zafrul and SG Dr. Kao shared the key outcomes of the discussion during the retreat.

The post Secretary-General of ASEAN joins Chair of the ASEAN Economic Ministers’ Meeting 2025 in a Press Conference of the 31st AEM Retreat appeared first on ASEAN Main Portal.

MIL OSI Economics –

March 1, 2025
MIL-OSI: UAB “Atsinaujinančios energetikos investicijos“ publishes interim financial statements for the 12-month period of 2024
Source: GlobeNewswire (MIL-OSI)

UAB “Atsinaujinančios energetikos investicijos” (the Company) publishes its unaudited interim condensed consolidated and separate financial statements for the 12-month period of 2024.

Financial results

The Company’s objective is to earn a return for the Company’s investors from investments in renewable energy infrastructure facilities and related assets. The main financial indicators for the period were:
- As at 31 December 2024, the Company’s total assets were EUR 187 855 thousand, total equity was EUR 98 536 thousand, and total liabilities were EUR 89 319 thousand.
- As at 31 December 2024, the Company’s investment assets at fair value through profit or loss were EUR 157 962 thousand, which compared to 31 December 2023, decreased by EUR 22 098 thousand or 12.27%. The decline in the fair value of the investment portfolio was mainly driven by the results of the independent annual valuation of the Company’s shares. The value of the Company’s solar assets in Poland primarily decreased due to electricity price curve forecasts being significantly lower than the electricity price curve utilized in the Company’s valuation in the fourth quarter of 2023.
- For the period January – December 2024, the Company reported a comprehensive loss of EUR 16 764 thousand, primarily attributed to the negative fair value change in the investment portfolio resulting from the independent annual valuation of the Company’s shares and financing expenses.
Contact person for further information:

Mantas Auruškevičius

Manager of the Investment Company

Mantas.Auruskevicius@lordslb.lt

Attachment
- 2024 Q4 AEI FS consolidated & separate EN
The MIL Network –
March 1, 2025
MIL-OSI: Dominion Lending Centres Inc. Announces Closing of $59.15 million Secondary Private Placement Offering of Class A Common Shares

Source: GlobeNewswire (MIL-OSI)

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES.

VANCOUVER, British Columbia, Feb. 28, 2025 (GLOBE NEWSWIRE) — Dominion Lending Centres Inc. (TSX:DLCG) (“DLCG” or the “Corporation”), 2215 Coquitlam Avenue, Port Coquitlam, British Columbia V3B 1J6, along with Mauris Family Investments Inc. (an entity controlled by Gary Mauris), and 603908 B.C. Ltd. (an entity controlled by Chris Kayat and family), announced today that they have closed the previously announced sale of 7,782,400 class “A” common shares (the “Offered Shares”) by the Selling Shareholders (as defined below) at a price of $7.60 per Offered Share for gross proceeds to the Selling Shareholders of approximately $59.15 million (the “Offering”), less the commission paid to the Agents (as defined below) of $2,365,849.60 (or $0.304 per Offered Share), on a “best efforts” agency private placement basis. DLCG did not receive any proceeds from the Offering. Mauris Family Investments Ltd. (“MaurisCo”) and 603908 B.C. Ltd. (“KayatCo”) are collectively referred to herein as the “Selling Shareholders”.

The Offering was completed pursuant to an agency agreement (the “Agency Agreement”) dated February 28, 2025 between the Corporation, MaurisCo, KayatCo, Desjardins Capital Markets (“Desjardins”), Cormark Securities Inc. (“Cormark”) and Acumen Capital Finance Partners Limited (“Acumen”, and together with Desjardins and Cormark, the “Agents”) and the Share Purchase Agreements (as defined below). Share purchase agreements were entered into between each purchaser or beneficial purchaser, as the case may be, of the Offered Shares pursuant to the Offering (each a “Purchaser”), the Agents, the Corporation, MaurisCo and KayatCo in respect of such Purchaser’s purchase of a portion of the Offered Shares (the “Share Purchase Agreements”).

Prior to the Offering, MaurisCo beneficially owned or controlled, directly or indirectly, an aggregate of 23,979,733 class “A” common shares, representing approximately 30.5% of the total issued and outstanding class “A” common shares. Prior to the Offering, KayatCo beneficially owned or controlled, directly or indirectly, an aggregate of 23,253,532 class “A” common shares, representing approximately 29.5% of the total issued and outstanding class “A” common shares. Following the closing of the Offering, MaurisCo beneficially owns or controls, directly or indirectly, 20,088,533 class “A” common shares and KayatCo beneficially owns or controls, directly or indirectly, 19,362,332 class “A” common shares, representing 25.5% and 24.6%, respectively, of the issued and outstanding class “A” common shares, a decrease of approximately 5% and 4.9%, respectively.

MaurisCo and KayatCo have no other current plans to dispose of their remaining investment in the Corporation but may from time to time decide to acquire additional securities, dispose of some or all of the existing or additional securities or may continue to hold securities of the Corporation or develop plans or intentions that would relate to or result in the items in (a) to (k) of Item 5 of Form 62-103F1 to occur, in each case, depending on market and economic conditions, the business and prospects of the Corporation and other relevant factors. The Selling Shareholders, along with the Corporation’s board of directors and certain members senior management, have entered into lock-up agreements for a period of 180 days from the date of closing of the Offering, restricting them from disposing any securities of Corporation, subject to certain exemptions.

An early warning report relating to sale of Offered Shares by each of MaurisCo and KayatCo pursuant to the Offering will be filed on SEDAR+ under the Company’s profile at www.sedarplus.ca. To obtain a copy of such report, please contact the corporate secretary of the Corporation at jbell@dlcg.ca. The Corporation’s head office and Messrs. Mauris and Kayat’s mailing address is 2215 Coquitlam Avenue, Port Coquitlam, BC, V3B 1J6.

About Dominion Lending Centres Inc.
Dominion Lending Centres Inc. is Canada’s leading network of mortgage professionals. DLCG operates through Dominion Lending Centres Inc. and its three main subsidiaries, MCC Mortgage Centre Canada Inc., MA Mortgage Architects Inc. and Newton Connectivity Systems Inc., and has operations across Canada. DLCG extensive network includes over 8,500 agents and over 500 locations. Headquartered in British Columbia, DLC was founded in 2006 by Gary Mauris and Chris Kayat.

DLCG can be found on X (Twitter), Facebook and Instagram and LinkedIn @DLCGmortgage and on the web at www.dlcg.ca.

Contact information for the Corporation is as follows:

Eddy Cocciollo
President
647-403-7320
eddy@dlc.ca James Bell
EVP, Corporate and Chief Legal Officer
403-560-0821
jbell@dlcg.ca

NEITHER THE TSX EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

The MIL Network –

March 1, 2025
MIL-OSI United Kingdom: Deputy Prime Minister speech at Convention of the North

Source: United Kingdom – Executive Government & Departments

Speech

Deputy Prime Minister speech at Convention of the North

The DPM gave the keynote address at the event in Lancashire.

Thank you everyone, it’s an absolute pleasure to be here at the Convention of the North again. 

I apologise if I go too Northern for you, but it’s good to be back in this region, and it is great to be here in Preston. 

A year ago, I was stood in front of this same Convention at Leeds Dock – talking about the change this country so desperately needs.  A lot has changed! 

But just like last year, we’re meeting today on the spot of real Northern success. 

For two centuries, this university has opened its doors. Not just for students across the country, but for the people of the proud city too. 

Over those last two centuries, this mill town – just like the rest of the North – has seen entire industries rise and fall. 

Today, as I look out towards our fantastic Northern leaders, businesses and innovators, I want you to know that I am determined to fight for a future that’s brighter and more ambitious.

Just over 6 months ago, this government was elected to deliver change. I know that the North is as impatient as anyone for that change – as I am too. 

The gears of change haven’t always been well-oiled, in fact, a decade of decline has seen them rusted.  As you work to improve the places you call home, you’re being resisted by a system that hoards power and investment away from where it needs to be – making regional inequalities worse, and not better. 

The truth is that for all the promises of levelling up, central government’s first instinct is too often to hoard power and hold our economy back.  Too many decisions affecting too many people are made by too few.  I’m here to help you break that system, and build a fairer one in its place. 

 Last year I promised this Convention that I would be a Deputy Prime Minister for the North. And working with many of you sat here today, I’m proud of what we’ve achieved so far. 

We’ve taken a hammer to business-as-usual in Whitehall, and within days of getting into government, Labour Secretaries of State were giving up newly won powers for the sake of our towns and cities, with the Prime Minister leading the charge.  It has not been comfortable!  But it wasn’t supposed to be.  After all, we are undergoing a generational power shift from Whitehall to the town hall.  

We’re putting support for business at the heart of this with funding rolled into integrated settlements. An Office for Investment working with mayors to develop funding opportunities and regional innovation funding.

In just six short months we are on track to complete devolution in the North.  This means decisions for the North, will be made by the North. So that Northerners will no longer be dictated to from Whitehall.   And this change will be irreversible.  And that’s important, because I know first-hand that decisions are made best by those with skin in the game. 

 That’s what our English Devolution White Paper is all about. Nothing less than a total rewiring of power in England.  For all the techy talk of devolution, the goal is simple:  We will give mayors the power to drive growth, to use new levers over planning, housing and regeneration to Get Britain Building. 

We are ending the begging bowl culture and giving local leaders flexibility over their spending. For the first time in British history, we have created a department-style integrated settlement giving Mayor Parker and Mayor Burnham over a billion pounds in flexible funding. 

 And next year, I am delighted that Liverpool, the North East, and South and West Yorkshire will all follow. This will be a game-changer for families across England, giving mayors the freedom and flexibility to make the right decisions for their place. 

 And you only need to look at what our Northern mayors are already achieving, to see why this is so important. Just look at Mayor Brabin’s SME Graduate Scheme, keeping homegrown talent in West Yorkshire, and her investment in bus routes getting people to work quicker and cheaper. 

Or Mayor Coppard’s Pathways to Work Commission, putting 10,000 residents in South Yorkshire back to work.  In York and North Yorkshire, Mayor Skaith is investing millions in high streets, supporting local business to thrive.  Mayor Rotherham is bringing award-winning TV and film productions to Liverpool, with investment in new studios. 

The success of our Northern mayors doesn’t stop there. In Greater Manchester, Mayor Burnham’s Bee Network is making it simpler and more affordable to get the bus and tram.  And further north, Mayor McGuinness has set up the first mayoral child support poverty reduction unit to support families across the North East. 

A future for the North, built by those that call it home. Uniting under the banner of Great North and a vision for a new era of Northern cooperation. This isn’t about pitting place against place.  This is about understanding what our towns and cities can achieve together. It’s about releasing Britain’s untapped potential. 

And don’t underestimate the effect of Cabinet Ministers having mayors at the end of the phone.  Let me tell you – not one of them will shy away from telling us how it is. 

It isn’t by accident that devolution sits in my department.  It is by design.  Because mayors aren’t just a helpful tool to unlock housing, transport and infrastructure, they are a critical levers in our mission of growth.  

Let me tell you why. All of you in this room are trying – like I am – to get Britain building again. Yes, building houses, but also building your business, building renewable energy, building data centres.  

All too often, we are met by a system that says: “don’t bother”. Well, I am determined to break that system.  And I am handing mayors the sledgehammer! 

Earlier this year we published a new national planning framework to break down the barriers to sustainable growth.  And today, I want to share more details on how we will go even further, in our Planning and Infrastructure Bill. 

Mayors are at the centre of our plans to build 1.5 million homes, by giving them the powers they need, mayors are an army to take on the blockers. We are backing them to work across huge regional geographies to get the job done.  It’s why we’re giving them the powers to call in applications on those large, strategic sites that will really turn the wheel on growth.  

And it’s why we’re putting grant funding for regeneration and housing in their hands. To enable mayors to deliver on their plans, we will forge a stronger partnership between them and Homes England. Over time, we will move Homes England to a more regionalised model so that the agency is even more responsive to the economic plan of an area. 

We’ve already committed to strategic authorities for the entire country – but we can’t waste any time in building the homes we desperately need. That’s why I can confirm that the Planning and Infrastructure Bill I will introduce to Parliament in the weeks ahead will allow councils without a mayor to come together and set spatial development strategies. 

This means bringing forward housebuilding powers as soon as we can.  I think there is huge potential here.  If we can get building, and boost productivity of just 11 city regions, we could add £20.5 billion each year to the Exchequer. Imagine the jobs, opportunities and growth that comes with it. 

But devolving powers is only half the plan, if we’re not matching it with investment, we won’t see the results. The history of our Northern towns and cities is one of great industrialists, and workers who grafted for something better. And it’s in that same image, that the North today can provide the growth this country needs. 

Here in Preston, people have decent jobs to be proud of – just look at the Eurofighter Typhoon programme. We cannot underestimate the impact that business investment like that can have on an area. This is a sector that is critical for our national security, and economic growth. 

Over in West Yorkshire, we’re backing the new Mass Transit Scheme with two hundred million pounds of funding to support its development. Anyone who expects the businesses of Leeds to meet their economic potential without a proper transport network needs to ask themselves why they expect the North to settle for less. 

And as we support the recreation of Doncaster-Sheffield Airport it’s the job of this government to ask how we can best support our nation’s regional airports. Teesside has shown that regional airports can prosper, and now it’s time to back South Yorkshire too. 

Up in Blyth, plans are also being delivered for Europe’s biggest AI data centre.  These projects are not just about driving growth for the sake of it but driving growth in the places where potential is greatest.  The places which once built Britain, and once again deserve to be the centres of economic and industrial excellence. 

[political content removed] I share the Chancellor’s determination to review the Green Book to properly recognise the potential of places across the country. This means a full review of what it means for a project to be value for money. 

Alongside this, our industrial strategy led by the Business Secretary, will see a complete rewiring of the state. The mayors’ local growth plans are the bedrock of our industrial strategy, underpinning how we drive growth in every town and city. And finally, harness the great potential of the North.

These plans are already underway. Every mayor is working with government to align priorities. Time is of the essence, which is why we’re wasting no time in publishing local growth plans, setting out these blueprints to deliver the manufacturing and green jobs of the future. 

That’s only part of our efforts to rebalance the economy. My Department and the Treasury are working with all strategic mayors with expert units laser-focused on unlocking devolution opportunities in skills, transport, and business support. 

And as we kickstart growth, it is only right that the workers who fuel the economy, get back what they put in. This government’s Employment Rights Bill means the biggest upgrade to rights at work in a generation. A bill that takes the very best standards from the very best businesses – and extends it to millions more workers.  

We are clear – better living standards is our number one mission. And we will succeed in our mission when working people can contribute to growth and benefit fairly from it. In some of the most deprived parts of the country – in places across the North – this legislation could save workers up to £600 in lost income. 

Giving people a stable income, a chance to get a mortgage, putting more money in people’s pockets which in turn can be spent on the high streets and in local businesses. Boosting town centres and local economies with regenerative effects – this is about building a new route to prosperity from the bottom up, and the middle out, not the top down.

Managers and senior decision-makers agree that this bill will boost productivity. Which is good for workers, and good for business. We all know that treating workers decently is just what good businesses already do.  We are backing business to level the playing field so that good employers aren’t undercut. Encouraging businesses to compete on quality and innovation in a race to the top.

Without our bill, more working days will be lost through ill-health, costing businesses money. Inaction isn’t an option.  Businesses have everything to gain from this bill but I recognise it will be a big change which is why where businesses have raised concerns we have listened. It’s why we introduced a statutory probation period.

We want businesses to be able to hire with confidence whilst still extending new protections for workers. These are plans which are pro-business, as well as pro-worker, which is why I am hell bent on making work pay. 

 And just as we’ll leave no worker behind, we’ll also be fighting for every single town, village and estate. Too many neighbourhoods have been underestimated and overlooked for too long.  

[political content removed]

When I first stepped into government, we inherited a burnt-out shell that they called levelling up.  It promised to rebalance the North and South. But when I got into government, the truth is, the money didn’t exist.  There was this warped idea that all places needed was a lick of paint and a chess board in the park. 

[political content removed]

We’re doing away with the sticking plaster policies of old and working towards national renewal.  To achieve that, we need to start empowering people to drive change in their communities.  And to anyone who doubts this ambition, to anyone who doubts the North, I say that our region has been underestimated and overlooked for far too long. 

 This government is only giving the North what it’s owed, and what it deserves. For too long, our outdated system of council funding has been stacked against the north.  The days of Ministers expecting the North to go cap in hand ends now. That’s why with Jim McMahon, our Minister for English Devolution and Local Government, we are making simpler and clearer structures and will fix the foundations of local government. He is already beginning to replace the funding formula to give the North nearly £840 million more this year.  That brings the North’s total increase to just over 8 per cent – the biggest rise of all regions in England, by a good distance. 

If this new formula had been applied under the last government, the North would’ve seen billions more in funding. Instead, councils saw cuts of 23 per cent. So we’re starting to right that wrong. 

And we realise that every council has different needs. That’s why we’ve set aside a cash-terms increase for local government of 6.8 per cent. That’s over £69 billion for local government. All councils are facing pressures, but it’s particularly hard for those that bore the brunt of austerity. And this year’s settlement marks a clear direction of travel for the rest of the Parliament. 

 But I know that the change this country needs can’t be micromanaged from Whitehall. It’s people in this room today – mayors, councillors, business owners and investors – who will drive us forward.  And as that happens, I can promise that the full force of the government will be behind you. 

Transferring power out of Westminster, getting Britain building, letting our towns and cities fire on all cylinders, doing whatever it takes to kickstart economic growth and leaving no one behind in that government-defining mission. 

Thank you.

Updates to this page

Published 28 February 2025

MIL OSI United Kingdom –

March 1, 2025
MIL-OSI Europe: Press conference following Council of Ministers meeting no. 116

Source: Government of Italy (English)

Vai al Contenuto Raggiungi il piè di pagina

28 Febbraio 2025

Council of Ministers meeting no. 116 was held at Palazzo Chigi today. Following the meeting, Minister of Economy and Finance Giancarlo Giorgetti and Minister of the Environment and Energy Security Gilberto Pichetto Fratin held a press conference to illustrate the measures adopted.

[This video is available in Italian only]

MIL OSI Europe News –

March 1, 2025
MIL-OSI Africa: The International Islamic Trade Finance Corporation (ITFC) Maintains Leadership in Global Ranking of Islamic Syndications for 4 Consecutive Years

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

JEDDAH, Saudi Arabia, February 28, 2025/APO Group/ —

The International Islamic Trade Finance Corporation (ITFC) (www.ITFC-IDB.org), a member of the Islamic Development Bank (IsDB), has reinforced its position as a key player in the Islamic syndications market, achieving prominent rankings in the 2024 Bloomberg and Refinitiv League tables.

For the fourth consecutive year, the ITFC top-tier performance reflects a strategic focus on delivering impactful trade finance solutions. For 2024, Refinitiv ranked ITFC as Globally # 1 Bookrunner and Mandated Lead Arranger (MLA) in their Islamic Syndications League table. Additionally, and Bloomberg also ranked ITFC among the top Bookrunners and MLA in the Islamic Syndications League table. These rankings are a testament to the ITFC ability to consistently deliver value-driven results and maintain a strong position among leading international and regional financial institutions.

The recognition from Refinitiv and Bloomberg confirms that ITFC is a key player in facilitating trade among OIC member countries. This not only reaffirms the ITFC status as the pre-eminent provider of trade solutions but also underscores its remarkable ability to draw investments from a wide spectrum of global investors and financial institutions.

Additionally, it emphasizes the positive impact on the lives and livelihood of people inherent in the ITFC business operating model, demonstrating its effectiveness in meeting the unique financial needs of OIC member countries.

The Refinitiv and Bloomberg League tables rank banks and financial institutions based on their performance in loan syndications, bonds, and mergers and acquisitions (M&A) transactions. The rankings, including arrangers, bookrunners, administrative agents, and advisors, are published quarterly and annually.

MIL OSI Africa –

March 1, 2025
MIL-OSI: BexBack: The Easiest 100x Leverage Futures Exchange with Double Deposit Bonus and No KYC Crypto Trading

Source: GlobeNewswire (MIL-OSI)

SINGAPORE, Feb. 28, 2025 (GLOBE NEWSWIRE) — With Bitcoin’s price fluctuating below $100,000, many analysts predict a prolonged period of high volatility in the crypto market. Holding spot positions may struggle to generate short-term profits in such conditions. As a result, 100x leverage futures trading has become the preferred tool for seasoned investors looking to maximize potential gains in this volatile market. BexBack Exchange is ramping up its efforts to offer traders unmatched promotional packages.The platform now offers a 100% deposit bonus, a $50 welcome bonus for new users, and up to 100x leverage on cryptocurrency trading, providing excellent opportunities for investors.

What Is 100x Leverage and How Does It Work?

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With BexBack’s deposit bonus

BexBack offers a 100% deposit bonus. If the initial investment is 2 BTC, the profit will increase to 10 BTC, and the return on investment will double to 1000%.

Note: Although leveraged trading can magnify profits, you also need to be wary of liquidation risks.

How Does the 100% Deposit Bonus Work?
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About BexBack?

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Disclaimer: This content is provided by BexBack. The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. This content is for informational purposes only and should not be considered financial, investment, or trading advice. Investing in crypto and mining related opportunities involves significant risks, including the potential loss of capital. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. However, due to the inherently speculative nature of the blockchain sector–including cryptocurrency, NFTs, and mining–complete accuracy cannot always be guaranteed. Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release.

Photos accompanying this announcement are available at

https://www.globenewswire.com/NewsRoom/AttachmentNg/dde26d5f-0289-4b3c-ba8d-0f0d518aa9f6

https://www.globenewswire.com/NewsRoom/AttachmentNg/f9c947fb-28db-4be3-8b80-8b3ac08bfd1b

https://www.globenewswire.com/NewsRoom/AttachmentNg/08170e51-9af3-4971-bd32-a39c2e8d4ac8

https://www.globenewswire.com/NewsRoom/AttachmentNg/6017b63a-46ff-435d-9ab4-6f1a5eefb3f2

The MIL Network –

March 1, 2025
MIL-OSI USA: As Trump Announces Tariffs Will Begin March 4th, Welch Cosponsors Bill to Shield Consumers and Businesses from Tariffs; Votes Against Trump’s USTR Nominee

US Senate News:

Source: United States Senator Peter Welch (D-Vermont)

Bill led by Sen. Shaheen would block the President’s authority to impose duties or tariff-rate quotas on imports to the U.S.
WASHINGTON, D.C. – As President Trump reversed course and announced his proposed tariffs on Canada and Mexico will begin March 4th, U.S. Senator Peter Welch (D-Vt.), a member of the Senate Finance Committee, joined Senator Jeanne Shaheen’s (D-N.H.) Protecting Americans from Tax Hikes on Imported Goods Act, which would shield American businesses and consumers from rising prices imposed by tariffs on imported goods into the United States. The bill would keep costs down for imported goods by limiting the authority of the International Emergency Economic Powers Act (IEEPA)—which allows a President to immediately place unlimited tariffs after declaring a national emergency—while preserving IEEPA’s use for sanctions and other tools.
This week, Senator Welch also voted against Jamieson Greer, Trump’s pick to serve as U.S. Trade Representative (USTR), about whom he expressed reservations during the nominee’s confirmation hearing before the Senate Finance Committee. Senator Welch released the following statement:
“We need trade policies that are rooted in a ‘Do No Harm’ approach, not ones that make things harder for Vermont businesses and consumers. I’ve heard from hardworking Vermonters who have told me that Trump’s tariffs and Trade War would only harm our businesses, farmers, and families. Trump’s tariffs on Canada, Vermont’s largest trading partner, will hammer small and rural businesses that depend on trade with our neighbor.
“We need to fight against these tariffs in every way that we can, and that includes having a U.S. Trade Representative who will stand up for American consumers and small businesses. Jamieson Greer made it clear that he lacks courage or capacity to stand up to President Trump and will be a rubber stamp for the President’s chaotic economic policies. It’s why I voted against him and why I will push back against any and all trade policies he puts forth that would harm Vermonters.
“Over the last few weeks, the President has made it clear that he’s ready to leverage the economic wellbeing of everyday Americans to pursue misguided foreign policy goals. It’s crucial that we shield Americans from the consequences of Trump’s reckless actions. That’s why I’m proud to support the Protecting Americans from Tax Hikes on Imported Goods Act, which will limit how the White House can impose these tax increases and protect Vermonters from price hikes.”
Learn more about the Protecting Americans from Tax Hikes on Imported Goods Act.
Read the full text of the bill.

MIL OSI USA News –

March 1, 2025
MIL-OSI USA: Response to Staff Statement on Meme Coins: What Does it Meme?

Source: Securities and Exchange Commission

[1] The purpose of written guidance from SEC staff is to promote understanding of, and compliance with, the federal securities laws.[2] Today’s guidance from the Division of Corporation Finance turns that concept on its head. It advances an incomplete, unsupported view of the law to suggest that an entire product category is outside the bounds of SEC jurisdiction.[3]

And exactly what is a meme coin, the category to which this guidance is directed? Other than how a promoter chooses to label it, what basis do we have to determine whether something is a meme coin? The guidance offers no clear definition from law or even a basic dictionary. It generally describes a meme coin as an asset reflective of online or social trends, of speculative value, that tends to experience high volatility. But these are near universal hallmarks of crypto assets. The lack of a useful definition alone makes the value of this guidance questionable, except perhaps as a roadmap for crypto enterprises looking to evade oversight by labeling themselves as a meme coin.

Whatever one might understand a meme coin to be, the label is largely irrelevant to whether something is offered and sold as a “security” under the SEC’s remit. Throughout the federal securities laws, Congress defined a “security” to include an “investment contract,” a term that “embodies a flexible rather than a static principle,” and “is capable of adaptation to meet [ ] countless and variable schemes.”[4] The Supreme Court established the Howey test nearly 80 years ago to determine whether something is an investment contract. The crux of Howey is the reasonable expectation of profits based on the efforts of others.[5] But rather than analyze the reasonable expectations of meme coin purchasers, today’s guidance suggests promoters can get around Howey with disclaimers or other window dressing designed to downplay the significance of managerial efforts.

Decades of controlling authority does not permit such easy avoidance of the federal securities laws.[6] Howey demands a facts and circumstances analysis of the “economic realities” of an offer or sale. Today’s statement paints meme coins as cultural projects whose purpose is entertainment and social engagement. The reality is that meme coins, like any financial product, are issued to make money. Promoters make money from selling the coin, and often also from retaining and holding a significant portion of the token supply as its value increases. The linked fortunes of purchasers and promoters – who will both make money as the coin value goes up – may itself satisfy Howey’s requirement of a “common enterprise.”[7]

Separately, this guidance further posits that meme coin purchasers’ expectations of profits are not based on the efforts of others, because the coin’s value is derived from “speculative trading and the collective sentiment of the market.” But the reality is that trading and demand for meme coins do not exist in a vacuum. Promoters commonly structure offerings and impact market demand over time by limiting supply or ensuring scarcity through buybacks, “burning,” or similar activities.[8] Fraudulent schemes to manipulate demand through pump-and-dumps or rug pulls are not uncommon.[9] Many promoters also sell meme coins based on express promises of what courts have described as managerial efforts, such as getting a coin listed on crypto exchanges.[10] Other meme coins attract purchasers with promises of a “long-term vision that extends far beyond the hype,” including things like a “massive ecosystem,” technology improvements, or AI elements, just to name a few.[11]

Among the hundreds of self-proclaimed meme coins in the market, there is no doubt a continuum of offers and sales, some of which may be offers and sales of securities and some of which may not. But it seems far from clear that sophisticated efforts such as those described above, which may give rise to reasonable expectations of profits, are outside the norm. One wonders how many such coins were examined in order to draft the generalized descriptions of meme coins set out in the guidance.

Regardless, the individualized inquiry Howey requires simply cannot be reconciled with the staff’s conclusion that offers and sales of a vaguely defined category, consisting of hundreds of unique crypto assets, are generally not securities. This guidance is not a reasoned interpretation of existing law. It raises more questions than it answers about what a meme coin is and whether that is a definable or useful categorization for purposes of the existing securities laws. It boils down to a broad statement of general principles that provide little clarity or predictability to as to any given coin.

[4] See SEC v. W.J. Howey Co., 328 U.S. 293, 299 (1946) (citing legislative history).

[6] See, e.g., SEC v. Telegram Group Inc., 448 F. Supp. 3d 352, 365 (S.D.N.Y. 2020) (“Disclaimers, if contrary to the apparent economic reality of a transaction, may be considered by the Court but are not dispositive.” (citing SEC v. SG Ltd., 265 F.3d 42, 54 (1st Cir. 2001)).

[7] To establish a common enterprise, “[i]t is not necessary that the funds of investors are pooled; what must be shown is that the fortunes of the investors are linked with those of the promoters, thereby establishing the requisite element of vertical commonality.” SEC v. Eurobond Exch., 13 F.3d 1334, 1339 (9th Cir. 1994).

[8] See SEC Division of Corporation Finance, Framework for ‘Investment Contract’ Analysis of Digital Assets (last updated July 5, 2024) (describing how creation, issuance, and other actions taken to “support [ ] market price” are relevant to a purchaser’s reasonable expectation of profit under Howey); Rashi Maheshwari, Why is PEPE Coin Rising? (Nov. 5, 2024) (“PEPE Coin uses a deflationary mechanism in which a small percentage of tokens gets burnt with each transaction. This mechanism helps to create scarcity and also increase the value of the left tokens over a period of time. Moreover, it uses a redistribution system in which a portion of every transaction is shared amongst the existing token holders which helps them to gather user engagement and long-term investments.”).

[10] See, e.g., Balestra v. ATBCOIN LLC, 380 F. Supp. 3d 340, 356 n.14 (S.D.N.Y. 2019) (“Purchasers’ ability to resell [coins] on other exchanges also supports the conclusion that the coins are securities.”); SEC v. Grybniak, 2024 WL 4287222, at *9 (S.D.N.Y. Sept. 24, 2024) (“Defendants’ promises to list OPP Tokens on secondary trading platforms, ensuring liquidity” supported purchasers’ reasonable expectations of profits based on the efforts of others).

MIL OSI USA News –

March 1, 2025
MIL-OSI Security: Prince Albert — Update: Prince Albert RCMP asks public to report sightings of grey truck

Source: Royal Canadian Mounted Police

February 27, 2025
Prince Albert, Saskatchewan

News release

The grey truck was located just south of Prince Albert later on February 26. It was parked and no occupants were inside or around the truck when located.

Investigation determined the suspects may now be driving a black Kia car.

The investigation continues. Anyone with information should report it to RCMP by dialling 310-RCMP. Information can also be submitted anonymously by contacting Saskatchewan Crime Stoppers at 1-800-222-TIPS (8477) or www.saskcrimestoppers.com.

–30–

Backgrounder

Prince Albert RCMP asks public to report sightings of grey truck

2025-02-26

Prince Albert RCMP are asking the public to report all sightings of a grey 2009 Chevrolet Silverado with Saskatchewan license plate 916 NID.

Investigators believe the occupants are connected to a robbery that occurred in the City of Prince Albert early on February 26. Prince Albert Police Service located the suspects in a vehicle and attempted a traffic stop. The vehicle did not stop and continued into Saskatchewan RCMP jurisdiction.

The suspects were last observed in St. Louis, SK at about 8:30 a.m. and are believed to be driving the Chevrolet Silverado.

Prince Albert RCMP are actively working to locate the suspects, who are believed to armed.

If you see this vehicle, do not approach it. Contact police immediately by dialling 310-RCMP. Information can also be submitted anonymously by contacting Saskatchewan Crime Stoppers at 1-800-222-TIPS (8477) or www.saskcrimestoppers.com.

If an imminent risk to public safety is identified, we will notify the public.

MIL Security OSI –

March 1, 2025
MIL-OSI Security: Jury Convicts South Carolina Man Of Attempted Extortion, Stalking, And Wire Fraud
Source: Office of United States Attorneys

KALAMAZOO – Acting U.S. Attorney for the Western District of Michigan Andrew Birge today announced that a federal jury convicted Glenn Daeward Boyd, 36, of Kershaw, South Carolina, of attempted extortion, stalking, and five counts of wire fraud. Boyd is scheduled to be sentenced on a date determined by the court. At sentencing, Boyd faces a maximum sentence of 20 years in prison for attempted extortion, 5 years in prison for stalking, and 20 years in prison for each count of wire fraud.

“Perpetrators like Mr. Boyd who attempt to extort people online using sexual exploitation will be held accountable, and cannot hide behind their cell phones and computers,” said Acting U.S. Attorney Birge. “We will continue to investigate and prosecute these crimes that often result in tragedy.”

According to the evidence from a two-day jury trial in Kalamazoo, while in prison in South Carolina for unrelated criminal convictions, Boyd purported to be “Jad,” an 18-year-old girl from Grand Rapids, Michigan on the “Plenty of Fish” dating application, and communicated with B.G. beginning on August 2, 2023. Two days later, Boyd, continuing to pose as “Jad,” told B.G. he was a 15-year-old girl. Boyd then assumed the identity of “Jad’s grandparents,” threatening B.G. that “they” would contact police and B.G.’s family to report B.G. as a pedophile if B.G. did not send Boyd money. Boyd also used a Facebook profile to post on an account related to B.G.: “He is a pedophile I have all the evidence if anyone wants to see it.” In response, and on the same day of the threats, B.G. reported Boyd’s extortion and scheme to police, and then committed suicide. B.G. was 22 years old.

“Glenn Boyd’s conviction sends a clear and powerful message: individuals who engage in online exploitation and financial crimes will be held fully accountable under the law,” said Cheyvoryea Gibson, Special Agent in Charge of the FBI in Michigan. “This case involved a financially driven sextortionist who specifically targeted and manipulated the victim for personal gain. The investigation was a collaborative effort, involving the Wyoming (Michigan) Police Department, South Carolina Department of Corrections-Office of Inspector General, South Carolina Department of Corrections, Newaygo County Sheriff’s Office, Van Buren County Sheriff’s Office, FBI Charlotte, FBI Columbia, and FBI Omaha. If you or someone you know is a victim of sextortion, we strongly urge you to contact local law enforcement or reach out to the FBI directly at 1-800-CALL-FBI, or submit a tip online at tips.fbi.gov.”

The Federal Bureau of Investigation, Wyoming Police Department, South Carolina Department of Corrections, Newaygo County Sheriff’s Department, and Van Buren County Sheriff’s Department investigated this case. Assistant U.S. Attorneys Constance R. Turnbull and Jonathan Roth are prosecuting it.

The FBI provides the following tips on how people can protect themselves from online sextortion schemes:
1. Be selective about what you share online. If your social media accounts are open to everyone, a predator may be able to figure out a lot of information about you.
2. Be wary of anyone you encounter for the first time online. Block or ignore messages from strangers.
3. Be aware that people can pretend to be anything or anyone online. Videos and photos are not proof that people are who they claim to be. Images can be altered or stolen. In some cases, predators have even taken over the social media accounts of their victims.
4. Be suspicious if you meet someone on one game or app and that person asks you to start talking on a different platform.
5. Be in the know. Any content you create online—whether it is a text message, photo, or video—can be made public. And nothing actually “disappears” online. Once you send something, you don’t have any control over where it goes next.
6. Be willing to ask for help. If you are getting messages or requests online that don’t seem right, block the sender, report the behavior to the site administrator, or go to an adult. If you have been victimized online, tell someone. Being a victim of sextortion is not your fault. You can get through this challenge, even if it seems scary and overwhelming. There are people who want to help.
If you have information about or believe you are a victim of sextortion, contact your local FBI field office, call 1-800-CALL-FBI, or report it online at http://tips.fbi.gov. More FBI sextortion resources are available here.

# # #

MIL Security OSI –
March 1, 2025
MIL-OSI: Bitdeer Announces New US$20,000,000 Share Repurchase Program

Source: GlobeNewswire (MIL-OSI)

SINGAPORE, Feb. 28, 2025 (GLOBE NEWSWIRE) — Bitdeer Technologies Group (“Bitdeer” or the “Company”) (Nasdaq: BTDR), a world-leading technology company for blockchain and high-performance computing, today announced that it has conducted share repurchase for a total amount of approximately US$9.0 million on February 27, 2025, fully utilizing its US$10,000,000 share repurchase program approved in September 2024. The board of directors of the Company has approved a new share repurchase program to repurchase up to additional US$20,000,000 worth of its Class A ordinary shares (“Shares”), effective from February 28, 2025 through February 28, 2026.

Under the new share repurchase program, Bitdeer may purchase its Shares through various means, including open market transactions, privately negotiated transactions, any combination thereof or other legally permissible means in accordance with applicable federal securities laws, including Rule 10b5-1 and Rule 10b-18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), Regulation M under the Exchange Act, as well as certain at market issuance sales agreements. The number of Shares repurchased and the timing of repurchases will depend on a number of factors, including, but not limited to, price, trading volume and general market conditions, along with Bitdeer’s working capital requirements, general business conditions, compliance with applicable federal securities laws (including Regulation M), compliance with the Company’s obligations under the at market issuance sales agreements referred to above and other factors. Bitdeer’s board of directors will review the share repurchase program periodically, and may modify, suspend or terminate the share repurchase program at any time. The Company plans to fund repurchases from its existing cash balance. By gradually executing the share repurchase program, Bitdeer seeks to minimize the impact on its share price and generate greater long-term returns for its shareholders.

About Bitdeer Technologies Group

Bitdeer is a world-leading technology company for blockchain and high-performance computing. Bitdeer is committed to providing comprehensive computing solutions for its customers. The Company handles complex processes involved in computing such as equipment procurement, transport logistics, datacenter design and construction, equipment management, and daily operations. The Company also offers advanced cloud capabilities to customers with high demand for artificial intelligence. Headquartered in Singapore, Bitdeer has deployed datacenters in the United States, Norway, and Bhutan. To learn more, visit https://ir.bitdeer.com/ or follow Bitdeer on X @ BitdeerOfficial and LinkedIn @ Bitdeer Group.

Investors and others should note that Bitdeer may announce material information using its website and/or on its accounts on social media platforms, including X, formerly known as Twitter, Facebook, and LinkedIn. Therefore, Bitdeer encourages investors and others to review the information it posts on the social media and other communication channels listed on its website.

Forward-Looking Statements

Statements in this press release 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. The words “anticipate,” “look forward to,” “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 factors discussed in the section entitled “Risk Factors” in Bitdeer’s annual report on Form 20-F, as well as discussions of potential risks, uncertainties, and other important factors in Bitdeer’s subsequent filings with the U.S. Securities and Exchange Commission. Any forward-looking statements contained in this press release speak only as of the date hereof. Bitdeer specifically disclaims any obligation to update any forward-looking statement, whether due to new information, future events, or otherwise. Readers should not rely upon the information on this page as current or accurate after its publication date.

For investor and media inquiries, please contact:

Investor Relations
Orange Group
Yujia Zhai
bitdeerIR@orangegroupadvisors.com

Public Relations
BlocksBridge Consulting
Nishant Sharma
bitdeer@blocksbridge.com

The MIL Network –

March 1, 2025
MIL-OSI: Alternative Ballistics Corporation Appoints Jags Gill as Chief Revenue Officer, International

Source: GlobeNewswire (MIL-OSI)

Las Vegas, Nevada, Feb. 28, 2025 (GLOBE NEWSWIRE) — Alternative Ballistics Corporation is proud to announce the appointment of Jags Gill as Chief Revenue Officer, International. With over 12 years of successful experience in global sales, leadership, and channel development, Jags is set to drive the company’s international growth strategy, expanding its presence and revenue across global markets.

In his new role, Jags will leverage his extensive experience in building and leading international teams, while fostering long-term relationships with key stakeholders within law enforcement, military, and government organizations. His proven track record of navigating complex cultural, political, and economic factors in diverse global markets makes him ideally suited to lead Alternative Ballistics’ expansion and strengthen its position as a leader in innovative security solutions.

Jags is deeply passionate about using technology to support those who serve and protect us. His commitment to placing transformative tools into the hands of law enforcement professionals and military personnel aligns perfectly with the mission of Alternative Ballistics Corporation: to enhance public safety and empower professionals with life-saving technologies. With his expertise and vision, Jags is poised to contribute significantly to the company’s growth and success on the global stage.

Jags Gill shared his excitement about the new opportunity:

“I am honored to join Alternative Ballistics Corporation at such an exciting time for the company. The opportunity to work with a team that is committed to providing innovative solutions to those who make a difference every day is truly inspiring. I look forward to building on the company’s strong foundation and leading its international revenue strategy, bringing our transformative technologies to more professionals and organizations around the world.”

Steve Luna, CEO of Alternative Ballistics Corporation, commented on the appointment:

“We are thrilled to welcome Jags Gill to Alternative Ballistics as our new Chief Revenue Officer, International. His exceptional experience in global sales and leadership, combined with his deep understanding of international markets and passion for innovative technology, will be a tremendous asset to our team. Jags shares our commitment to improving public safety, and we are confident that his expertise will help us expand our reach and drive continued growth.”

Alternative Ballistics Corporation continues to lead the way in providing cutting-edge security solutions, with a mission to enhance the safety of professionals in law enforcement, military, and security sectors. With Jags Gill’s leadership, the company is poised for a new era of growth and innovation on the global stage.

About Alternative Ballistics Corp.

Alternative Ballistics Corporation (“ABC”) produces an innovative less-lethal product known as The Alternative^® which features patented bullet capture technology. The product is used by law enforcement as a de-escalation tool in critical incidents when encountering a non-compliant subject in crisis, in possession of a weapon other than a firearm, who presents a threat to themselves, to officers, or to bystanders. A lightweight, easy-to-carry docking unit, The Alternative^® efficiently attaches to a service weapon to convert a fired bullet into a kinetic impact round that, when deployed from a safe distance, travels downrange with non-penetrating energy, and temporarily incapacitates an individual with low risk of critical injury or death. Once deployed, the service weapon reverts to standard use. The Alternative^® may also be available in the future in the commercial market as a self-defense tool for the purpose of protecting life and property. It is the only less-lethal product in either the law enforcement or commercial market that works with a service weapon or semi-automatic handgun for seamless protective cover and doesn’t require transition to a separate device, allowing the user to keep eyes and weapon on the threat at all times.

Forward-Looking Statements

This document contains forward-looking statements. In addition, from time to time, we or our representatives may make forward-looking statements orally or in writing. We base these forward-looking statements on our expectations and projections about future events, which we derive from the information currently available to us. In evaluating these forward-looking statements, you should consider various factors, including: our ability to advance the direction of the Company; our ability to keep pace with new technology and changing market needs; and the competitive environment of our business. These and other factors may cause our actual results to differ materially from any forward-looking statement.

Company Contact:
www.alternativeballistics.com

For Investor Inquiries, please contact:
Hanover International, Inc.
Kathy Cusumano, President
ka@hanoverintlinc.com

The MIL Network –

March 1, 2025
MIL-OSI: Financial 15 Split Corp. Extends Termination Date

Source: GlobeNewswire (MIL-OSI)

TORONTO, Feb. 28, 2025 (GLOBE NEWSWIRE) — Financial 15 Split Corp. (the “Company”) is pleased to announce it will extend the termination date of the Company a further five year period from December 1, 2025 to December 1, 2030.

The term extension allows holders of FTN Class A Shares (“Class A Shares”) to continue to receive ongoing leveraged exposure to a portfolio consisting of high-quality financial services companies made up of Canadian and U.S. issuers, as well as receiving targeted monthly distributions. Since inception of the Company, Class A shareholders have received monthly distributions totaling $26.69 per share.

Holders of the FTN.PR.A Preferred Shares (“Preferred Shares”) are expected to continue to benefit from cumulative preferential monthly distributions. The Preferred shareholders have received a total of $12.19 per share since inception.

The extension of the term of the Company is not expected to be a taxable event and should enable shareholders to defer potential capital gains tax liability that would have otherwise been realized on the redemption of the Class A Shares or Preferred Shares at the end of the term, until such time as such shares are disposed of by shareholders.

In connection with the extension, the Company will have the right to amend the minimum rate of cumulative preferential monthly dividends to be paid to the Preferred Shares for the five year renewal period, commencing December 1, 2025. Any change to the Preferred Share minimum dividend rate for the extended term will be based on market yields for preferred shares with similar terms at such time and will be announced no later than September 30, 2025. The Company has the right to establish the rate of cumulative preferential monthly dividends to be paid to the Preferred Shares on an annual basis, subject to the five year minimum rate.

The Company invests in a high quality portfolio consisting of 15 financial services companies made up of Canadian and U.S. issuers as follows: Bank of Montreal, The Bank of Nova Scotia, Canadian Imperial Bank of Commerce, Royal Bank of Canada, Toronto-Dominion Bank, National Bank of Canada, Manulife Financial Corporation, Sun Life Financial, Great-West Lifeco, CI Financial Corp, Bank of America, Citigroup Inc., Goldman Sachs Group, JP Morgan Chase & Co. and Wells Fargo & Co.

Certain statements included in this news release constitute forward-looking statements, including, but not limited to, those identified by the expressions “expect”, “intend”, “will” and similar expressions to the extent they relate to the Company. The forward-looking statements are not historical facts but reflect the Company’s current expectations regarding future results or events. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. Although the Company believes that the assumptions inherent in the forward-looking statements are reasonable, forward-looking statements are not guarantees of future performance and, accordingly, readers are cautioned not to place undue reliance on such statements due to the inherent uncertainty therein. The Company undertakes no obligation to update publicly or otherwise revise any forward-looking statement or information whether as a result of new information, future events or other such factors which affect this information, except as required by law. Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Investors should read the prospectus before investing. Mutual funds are not guaranteed, their values change frequently, and past performance may not be repeated. Please read the Company’s publicly filed documents which are available at www.sedarplus.com.

Investor Relations: 1-877-478-2372 Local: 416-304-4443 www.financial15.com info@quadravest.com

The MIL Network –

March 1, 2025
MIL-OSI USA: ICE HSI Washington, D.C. investigation lands illegal Dominican alien more than 15 years in prison

Source: US Immigration and Customs Enforcement

RICHMOND, Va. — An investigation conducted by U.S. Immigration and Customs Enforcement Homeland Security Investigations Washington, D.C led to an illegal Dominican national receiving 15 years and eight months in federal prison for possession with intent to distribute fentanyl and heroin and illegally reentering the United States after a felony conviction. Gregorio Gustavo DeJesus-Santos, 59, received the lengthy prison sentence Feb. 27 at the U.S. District Court for the Eastern District of Virginia in Richmond.

“Not only did Gregorio Gustavo DeJesus-Santos blatantly ignore U.S. immigration laws, he also attempted to distribute poison in our Virginia neighborhoods,” said ICE HSI Washington, D.C. acting Special Agent in Charge Christopher Heck. “This investigation and subsequent sentencing speak volumes of the cooperation between ICE HSI and our law enforcement partners at the Virginia State Police and the U.S. Attorney’s Office. ICE HSI Washington, D.C. will continue to collaborate with our federal, state, and local law enforcement cohorts to prioritize the safety of our communities.”

According to the ICE HSI Washington, D.C. investigation, on Jan. 18, 2024, a trooper with VSP pulled over DeJesus-Santos on I-85 in Mecklenburg County. During the traffic stop, a police canine alerted to the odor of narcotics in Dejesus’ vehicle. VSP searched the car and found a hidden compartment under the passenger seat that extended into the back seat area. The compartment was empty, so VSP released DeJesus-Santos, who traveled to North Carolina.

DeJesus Santos returned to Virginia a short time later, where law enforcement authorities stopped the vehicle for a traffic infraction and, again, a narcotics canine alerted to the presence of narcotics in the vehicle. While searching the vehicle, law enforcement located two packages in the hidden compartment. One of the packages contained 200 grams of fentanyl and the other contained 293 grams of a mixture of fentanyl and heroin.

DeJesus Santos acknowledged as part of his guilty plea that he obtained and redistributed at least three additional kilograms of fentanyl.

DeJesus Santos had been found to be illegally in the United States and removed on six previous occasions, beginning in 1996 and most recently on Oct. 18, 2022, after his release from prison on a felony drug charge in New York.

Members of the public can report crimes and suspicious activity by dialing 866-DHS-2-ICE (866-347-2423) or completing the online tip form.

Learn more about ICE’s mission to increase public safety in our communities on X: @HSI_DC.

MIL OSI USA News –

March 1, 2025
MIL-OSI: KE Holdings Inc. Upgraded to ‘A’ in MSCI ESG Rating

Source: GlobeNewswire (MIL-OSI)

BEIJING, Feb. 28, 2025 (GLOBE NEWSWIRE) — KE Holdings Inc. (“Beike” or the “Company”) (NYSE: BEKE and HKEX: 2423), a leading integrated online and offline platform for housing transactions and services, is pleased to announce today a significant upgrade in its Environmental, Social and Governance (ESG) rating by Morgan Stanley Capital International (“MSCI”) from “BBB” to “A.” This achievement marks the second consecutive year of improvement for Beike, reflecting its steadfast commitment to excellence in ESG practices within the industry.

In MSCI’s latest evaluation, Beike earned an impressive overall score of 7.2 in the ESG social category, outperforming the global industry average of 4.3. This accomplishment is attributed to the Company’s continuous efforts in human capital development through tailored vocational training programs and structured career paths for service providers, together with its robust privacy and data security measures. Additionally, Beike made notable strides in exploring opportunities in incorporating green concepts across various business scenarios, such as establishing the “Lianjia Green Store Standard” to regulate eco-friendly renovations, material recycling, and smart energy control installations for the brokerage stores. These efforts contributed to a remarkable 1.8-point increase in the ESG environmental category from the previous year.

The MSCI ESG Rating, developed by a leading provider of critical decision support tools and services for the global investment community, MSCI, serves as a benchmark for institutional investors to measure a company’s resilience to financially material ESG risks and to deploy capital in ways that maximize investment return over their time horizon.

With its mission of “admirable service, joyful living,” Beike is dedicated to creating long-term, sustainable value by reshaping China’s residential services industry through its infrastructure transformation and technology-driven innovation. This commitment empowers service providers to enhance their professional growth and deliver exceptional living experiences for consumers.

About KE Holdings Inc.

KE Holdings Inc. is a leading integrated online and offline platform for housing transactions and services. The Company is a pioneer in building infrastructure and standards to reinvent how service providers and customers efficiently navigate and complete housing transactions and services in China, ranging from existing and new home sales, home rentals, to home renovation and furnishing, and other services. The Company owns and operates Lianjia, China’s leading real estate brokerage brand and an integral part of its Beike platform. With more than 23 years of operating experience through Lianjia since its inception in 2001, the Company believes the success and proven track record of Lianjia pave the way for it to build its infrastructure and standards and drive the rapid and sustainable growth of Beike.

Safe Harbor Statement

This press release contains statements that may constitute “forward-looking” statements pursuant to the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “aims,” “future,” “intends,” “plans,” “believes,” “estimates,” “likely to,” and similar statements. Beike may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (the “SEC”) and The Stock Exchange of Hong Kong Limited (the “Hong Kong Stock Exchange”), in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about KE Holdings Inc.’s beliefs, plans, and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: Beike’s goals and strategies; Beike’s future business development, financial condition and results of operations; expected changes in the Company’s revenues, costs or expenditures; Beike’s ability to empower services and facilitate transactions on Beike platform; competition in the industry in which Beike operates; relevant government policies and regulations relating to the industry; Beike’s ability to protect the Company’s systems and infrastructures from cyber-attacks; Beike’s dependence on the integrity of brokerage brands, stores and agents on the Company’s platform; general economic and business conditions in China and globally; and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in KE Holdings Inc.’s filings with the SEC and the Hong Kong Stock Exchange. All information provided in this press release is as of the date of this press release, and KE Holdings Inc. does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

For more information, please visit: https://investors.ke.com.

For investor and media inquiries, please contact:

In China:
KE Holdings Inc.
Investor Relations
Siting Li
E-mail: ir@ke.com

Piacente Financial Communications
Jenny Cai
Tel: +86-10-6508-0677
E-mail: ke@tpg-ir.com

In the United States:
Piacente Financial Communications
Brandi Piacente
Tel: +1-212-481-2050
E-mail: ke@tpg-ir.com

The MIL Network –

March 1, 2025
MIL-OSI: SUNation Energy Announces Initial Closing of Registered Direct Offering Generating Gross Proceeds of $15 Million

Source: GlobeNewswire (MIL-OSI)

RONKONKOMA, N.Y., Feb. 28, 2025 (GLOBE NEWSWIRE) — SUNation Energy, Inc. (Nasdaq: SUNE), a leading provider of sustainable solar energy and backup power solutions for households, businesses, and municipalities, today announced the initial closing of its previously announced securities purchase agreement with certain institutional investors for the purchase and sale of 17,391,306 shares of the Company’s common stock (or common stock equivalents in lieu thereof), Series A warrants to purchase up to an aggregate 17,391,306 shares of the Company’s common stock and Series B warrants to purchase up to an aggregate 17,391,306 shares of the Company’s common stock at an effective purchase price of $1.15 per share (or common stock equivalents in lieu thereof) and associated warrants in a registered direct offering (the “offering”) priced at-the-market under Nasdaq rules.

The initial closing of the offering generated gross proceeds to the Company of approximately $15 million through the issuance of an aggregate of 13,043,480 shares of common stock (or common stock equivalents) consisting of (i) 1,965,000 shares of common stock (the “Shares”), and (ii) pre-funded warrants to purchase up to 11,078,480 shares of common stock (the “Pre-Funded Warrants”).

The second closing of the offering is expected to generate gross proceeds of up to $5 million consisting of (iii) 4,347,826 shares of Common Stock (or common stock equivalents), (iv) Series A warrants to purchase up to 17,391,306 shares of common stock, and (v) Series B warrants to purchase up to 17,391,306 shares of common stock. The second closing of the offering is expected to occur upon the satisfaction of customary closing conditions, including receipt of approval by the Company’s stockholders in a specially called stockholder meeting to approve the issuance of the series A common stock warrants, series B common stock warrants and the shares of common stock underlying such warrants, in addition to other matters.

The gross proceeds from the offering, assuming the second closing is consummated, are expected to be approximately $20 million before deducting placement agent fees and other offering expenses payable by the Company. The Company intends to use the net proceeds from this offering to fund its operations, including for working capital, potential strategic transactions, payment of certain debt obligations and for other general corporate purposes.

Roth Capital Partners, LLC is acting as the exclusive placement agent for the registered direct offering.

The Series A warrants will have an exercise price of $1.725 per share subject to standard adjustments for dividends, splits and similar events; a one-time adjustment on the date of issuance (as described in the warrants), subject to a floor price described therein; and also subject to adjustment upon a Dilutive Issuance (as described in the warrants), subject to a floor price described therein. The Series A warrants will be issued at the second closing and will be exercisable immediately after issuance and have a term of exercise equal to 5 years from the date of issuance.

The Series B warrants will have an exercise price of $2.875 per share subject to standard adjustments for dividends, splits and similar events; a one-time adjustment on the date of issuance (as described in the warrants), subject to a floor price described therein; and also subject to adjustment upon a Dilutive Issuance (as described in the warrants), subject to a floor price described therein. The Series B warrants will be issued at the second closing and will be exercisable immediately after issuance and have a term of exercise equal to 5 years from the date of issuance. The Series B warrants may also be exercised on an alternative cashless basis pursuant to which the holder may exchange each warrant for 3 shares of common stock.

The securities in the offering described above are being offered by the Company pursuant to a “shelf” registration statement on Form S-3 (File No. 333-267066) previously filed with the Securities and Exchange Commission (the “SEC”) and declared effective by the SEC on September 2, 2022. The offering is being made only by means of a prospectus, including a prospectus supplement, forming a part of the effective registration statement, relating to the offering that will be filed with the SEC. Electronic copies of the final prospectus supplement and accompanying prospectus may be obtained, when available, on the SEC’s website at http://www.sec.gov or by contacting Roth Capital Partners, LLC at 888 San Clemente Drive, Newport Beach CA 92660, by email at rothecm@roth.com.

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

About SUNation Energy, Inc.

SUNation Energy, Inc. is focused on growing leading local and regional solar, storage, and energy services companies nationwide. Our vision is to power the energy transition through grass-roots growth of solar electricity paired with battery storage. Our portfolio of brands (SUNation, Hawaii Energy Connection, E-Gear) provide homeowners and businesses of all sizes with an end-to-end product offering spanning solar, battery storage, and grid services. SUNation Energy, Inc.’s largest markets include New York, Florida, and Hawaii, and the company operates in three (3) states.

Forward Looking Statements

This press release includes certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on the Company’s current expectations or beliefs and are subject to uncertainty and changes in circumstances. While the Company believes its plans, intentions, and expectations reflected in those forward-looking statements are reasonable, these plans, intentions, or expectations may not be achieved. For information about the factors that could cause such differences, please refer to the Company’s filings with the Securities and Exchange Commission, including, without limitation, the statements made under the heading “Risk Factors” in the Company’s Annual Report on Form 10-K for the year ended December 31, 2023 and in subsequent filings. The Company does not undertake any obligation to update or revise these forward-looking statements for any reason, except as required by law.

Safe Harbor Statement

Our prospects here at SUNation Energy Inc. are subject to uncertainties and risks. This news release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934. The Company intends that such forward-looking statements be subject to the safe harbor provided by the foregoing Sections. These forward-looking statements are based largely on the expectations or forecasts of future events, can be affected by inaccurate assumptions, and are subject to various business risks and known and unknown uncertainties, a number of which are beyond the control of management. Therefore, actual results could differ materially from the forward-looking statements contained in this presentation. The Company cannot predict or determine after the fact what factors would cause actual results to differ materially from those indicated by the forward-looking statements or other statements. The reader should consider statements that include the words “believes”, “expects”, “anticipates”, “intends”, “estimates”, “plans”, “projects”, “should”, or other expressions that are predictions of or indicate future events or trends, to be uncertain and forward-looking. We caution readers not to place undue reliance upon any such forward-looking statements. The Company does not undertake to publicly update or revise forward-looking statements, whether because of new information, future events or otherwise. Additional information respecting factors that could materially affect the Company and its operations are contained in the Company’s filings with the SEC which can be found on the SEC’s website at www.sec.gov.

Contacts:
Scott Maskin
Chief Executive Officer
+1 (631) 823-7131
smaskin@sunation.com

SUNation Energy Investor Relations
+1 (212) 836-9600
IR@sunation.com

The MIL Network –

March 1, 2025
MIL-OSI: Inuvo, Inc. Announces Charles D. Morgan’s Retirement; Rob Buchner Joins Board

Source: GlobeNewswire (MIL-OSI)

LITTLE ROCK, Ark., Feb. 28, 2025 (GLOBE NEWSWIRE) — Inuvo, Inc. (NYSE American: INUV), a leading provider of artificial intelligence AdTech solutions, announced today that Charles D. Morgan has retired from the Company’s Board of Directors (the “Board”) effective February 27, 2025. Mr. Morgan joined the Board in 2009 and has remained a significant investor in the Company. Concurrently with Mr. Morgan’s retirement, Rob Buchner was appointed, effective February 27^th, as a Class III Director of the Company to fill the vacancy created by Mr. Morgan’s departure.

Richard Howe, Chairman and CEO of Inuvo, stated, “Charles is a visionary leader who has shaped numerous successful companies, including industry giants like Acxiom and more recently, First Orion. His wisdom, vast experience, and sharp decision-making have been instrumental in building Inuvo into the company it is today. I want to express my profound appreciation for his service and leadership.”

Mr. Morgan commented, “Inuvo’s generative AI technology has the potential to revolutionize modern marketing, much like Acxiom’s consumer data did. It’s been a privilege to contribute to this evolution in audience discovery and targeting. Rich and the team have created something truly groundbreaking, and I’m excited to watch them continue to succeed.”

Mr. Howe added, “We are pleased to welcome Rob to our board. Rob’s impressive leadership experience at prominent agencies, including Campbell Mithun and Fallon Worldwide, where he was CEO and CMO, makes him a valuable addition to our Board. His expertise in founding and managing companies, as well as his track-record in business growth and transformation, will be a strong asset to Inuvo.”

Mr. Buchner remarked, “My interactions with Inuvo’s board and executives over the past six months have been incredibly exciting. Their talented team, innovative AI, and disruptive potential make this a truly compelling opportunity. I’m honored to be a part of Inuvo’s future and eager to contribute to its growth.”

Mr. Buchner is currently Chief Marketing Officer at Covet™, a fintech leveraging AI for personal asset management. Previously, he was CEO of Campbell Mithun (Interpublic Group), where he restructured the agency around data-driven marketing. Prior to that, Mr. Buchner was CMO of Fallon Worldwide, where he led business growth, adding $80 million in net recurring revenue. He also played a key role in developing Fallon’s digital and entertainment practices, earning acclaim for Amazon Theater and BMW Films. He holds a Bachelor of Science from the University of Illinois, Urbana-Champaign.

About Inuvo
Inuvo^®, Inc. (NYSE American: INUV) is a market leader in Artificial Intelligence built for advertising. Its IntentKey AI solution is a first-of-its-kind proprietary and patented technology capable of identifying and actioning to the reasons why consumers are interested in products, services, or brands, not who those consumers are. To learn more, visit www.inuvo.com.

Safe Harbor / Forward-Looking Statements
This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially, including, without limitation risks detailed from time to time in our filings with the Securities and Exchange Commission (the “SEC”), and represent our views only as of the date they are made and should not be relied upon as representing our views as of any subsequent date. You are urged to carefully review and consider any cautionary statements and other disclosures, including the statements made under the heading “Risk Factors” in Inuvo, Inc.’s Annual Report on Form 10-K for the fiscal year ended December 31, 2024 as filed on February 27, 2025, and our other filings with the SEC. Inuvo cannot provide assurances that the assumptions upon which these forward-looking statements are based will prove to have been correct. Should one of these risks materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those expressed or implied in any forward-looking statements, and investors are cautioned not to place undue reliance on these forward-looking statements, which are current only as of this date. Inuvo does not intend to update or revise any forward-looking statements made herein or any other forward-looking statements as a result of new information, future events or otherwise. Inuvo further expressly disclaims any written or oral statements made by a third-party regarding the subject matter of this press release. The information which appears on our websites and our social media platforms is not part of this press release.

Inuvo Company Contact:
Wally Ruiz
Chief Financial Officer
wallace.ruiz@inuvo.com

Investor Relations :
David Waldman / Natalya Rudman
Crescendo Communications, LLC
Tel: (212) 671-1020
inuv@crescendo-ir.com

The MIL Network –

March 1, 2025
MIL-OSI: Hallador Energy Company Schedules Fourth Quarter & Full Year 2024 Conference Call for March 17, 2025 at 5:30 p.m. ET

Source: GlobeNewswire (MIL-OSI)

TERRE HAUTE, Ind., Feb. 28, 2025 (GLOBE NEWSWIRE) — Hallador Energy Company (Nasdaq: HNRG) (“Hallador” or the “Company”), will host a conference call on Monday, March 17, 2025, at 5:30 p.m. Eastern time to discuss its financial results for the fourth quarter and full year ended December 31, 2024. The Company’s results will be reported in a press release prior to the call.

Hallador’s management will host the conference call, followed by a question-and-answer period. Interested parties may submit questions prior to the call by emailing the Company’s investor relations team, Elevate IR, at HNRG@elevate-ir.com.

Date: Monday, March 17, 2025
Time: 5:30 p.m. Eastern time
Dial-in registration link: here
Live webcast registration link: here

The conference call will also be broadcast live and available for replay in the investor relations section of the Company’s website at www.halladorenergy.com.

About Hallador Energy Company

Hallador Energy Company (Nasdaq: HNRG) is a vertically-integrated Independent Power Producer (IPP) based in Terre Haute, Indiana. The Company has two core businesses: Hallador Power Company, LLC, which produces electricity and capacity at its one-Gigawatt (GW) Merom Generating Station, and Sunrise Coal, LLC, which produces and supplies fuel to the Merom Generating Station and other companies. To learn more about Hallador, visit the Company’s website at www.halladorenergy.com.

Company Contact

Marjorie Hargrave
Chief Financial Officer
(303) 917-0777
MHargrave@halladorenergy.com

Investor Relations Contact

Sean Mansouri, CFA
Elevate IR
(720) 330-2829
HNRG@elevate-ir.com

The MIL Network –

March 1, 2025
MIL-OSI: Jamf Announces Upcoming Conferences Participation
Source: GlobeNewswire (MIL-OSI)

MINNEAPOLIS, Feb. 28, 2025 (GLOBE NEWSWIRE) — Jamf (NASDAQ: JAMF), the standard in managing and securing Apple at work, announced today that members of its management team will present at the following investor conferences:
- The Citizens JMP Technology Conference on Tuesday, March 4, 2025, at 12:30pm Pacific Time
- Morgan Stanley Technology, Media & Telecom Conference on Wednesday, March 5, 2025, at 1:50pm Pacific Time
Webcast of these events will be available on the investor relations section of the Company’s website at https://ir.jamf.com/.

About Jamf
Jamf’s purpose is to simplify work by helping organizations manage and secure an Apple experience that end users love and organizations trust. Jamf is the only company in the world that provides a complete management and security solution for an Apple-first environment designed to be enterprise secure, consumer simple and protect personal privacy. To learn more, visit: www.jamf.com.

Investor Contacts:
Jennifer Gaumond
ir@jamf.com

The MIL Network –
March 1, 2025

MIL-OSI: AMD Unveils Next-Generation AMD RDNA™ 4 Architecture with the Launch of AMD Radeon™ RX 9000 Series Graphics Cards

Source: GlobeNewswire (MIL-OSI)

SANTA CLARA, Calif., Feb. 28, 2025 (GLOBE NEWSWIRE) — AMD (NASDAQ: AMD) today unveiled the highly-anticipated AMD RDNA™ 4 graphics architecture with the launch of the AMD Radeon™ RX 9070 XT and RX 9070 graphics cards as a part of the Radeon™ RX 9000 Series. The new graphics cards feature 16GB of memory and extensive improvements designed for high-quality gaming graphics, including re-vamped raytracing accelerators and powerful AI accelerators for ultra-fast, cutting-edge performance, and breakthrough gaming experiences.

In a YouTube livestream, David McAfee, CVP and GM, Ryzen CPU and Radeon Graphics AMD, was joined by Andrej Zdravkovic, SVP of GPU Technologies and Engineering and Chief Software Officer, AMD, as well as Andy Pomianowski, CVP of Silicon Design Engineering, AMD, to discuss the outstanding performance and value proposition of the Radeon RX 9000 Series. In a related event in Zhuhai, China, Jack Huynh, SVP of the Client and Graphics Group, AMD, led a regional event for the new products. Huynh was joined by David Wang, SVP of GPU Technology and Engineering, AMD, and Lanzhi Wang, Senior Director of Product Management, AMD. The celebration was also marked by a customer celebration with Darren Grasby, EVP and Chief Sales Officer, AMD; Spencer Pan, President of AMD China, and partners including Asrock, ASUS, Gigabyte, Sapphire, Tul, Vastarmor, Veston, and XFX.

“Today, we’re thrilled to unveil the AMD Radeon™ RX 9000 Series, a significant leap forward in graphics performance powered by our next-generation AMD RDNA™ 4 architecture,” said McAfee. “These GPUs are designed to meet the demands of today’s games, delivering enthusiast-class gaming experiences to gamers everywhere, while ready to support tomorrow’s innovations. Through the power of advanced AI and Raytracing accelerators, we’re not just improving frame rates – we’re fundamentally enhancing the gaming experience. Offering incredible performance, AI-powered features, and next-gen display support at competitive price points, the Radeon RX 9000 Series delivers exceptional value for gamers looking to upgrade their systems.”

The RX 9000 Series, powered by the new AMD RDNA™ 4 architecture, offers gamers and creators a powerful blend of performance, visuals, and value. These advanced graphics cards redefine incredibly fast, high-resolution gaming with third-generation raytracing technology enabling realistic lighting, shadows, and reflections to deliver immersive gaming experiences while integrating a suite of AMD features to maximize hardware utilization. Beyond gaming, the RX 9000 Series GPUs leverage new second-generation AI accelerators with up to 8x INT8 throughput per AI accelerator (for sparse matrices) to enhance creative applications and effectively run generative AI applications (vs. RDNA 3).¹ The RX 9000 Series GPUs also implement the newly redesigned AMD Radiance Display™ Engine & Enhanced Media Engine for broad display support and elevated quality in both recording and streaming.

Gaming For Today and Tomorrow
The Radeon RX 9000 Series unlocks new levels of performance while delivering a suite of new and enhanced features that improve the gaming experience. The Radeon RX 9070 Series offers 16GB of GDDR6 memory, allowing gamers to render the most exciting games of today and tomorrow at max settings. Compared to the previous generation RX 7900 GRE, the latest AMD Radeon RX 9070 is able to deliver over 20% more performance on average when gaming at 1440,² with the AMD Radeon RX 9070 XT extending that lead to over 40% on average.³

Both graphics cards make smart upgrades for gamers looking to future-proof their systems with a suite of next-gen features that will keep their experiences feeling fresh for years to come. Key features include:

Unified AMD RDNA™ 4 Compute Units – Features up to 64 advanced AMD RDNA™ 4 compute units delivering up to 40% higher gaming performance than the previous-generation AMD RDNA™ 3 architecture.³
High-Performance Raytracing – With 3^rd generation Raytracing Accelerators, AMD RDNA 4 is able to deliver over 2x the Raytracing throughput per compute unit when compared to our previous generation.¹ Gamers with the latest AMD Radeon RX 9000 Series are ready for immersive gaming experiences with high-quality graphics, including realistic lighting, shadows, and reflections.
Supercharged AI Acceleration – 2^nd Generation AI Accelerators received several enhancements, allowing AMD RDNA™ 4 to efficiently process advanced AI models much faster than what was possible with RDNA 3,⁴ through a combination of additional math pipelines for AI calculations, expanding the capabilities of the AI Accelerator to support new emerging data types such as FP8, and support for inference optimization techniques such as structured sparsity. These changes deliver up to 8x INT8 throughput per AI accelerator (for sparse matrices) per compute unit vs the previous generation.¹
AMD FidelityFX™ Super Resolution Technology 4 (FSR 4) – AMD’s new cutting-edge ML-powered upscaling technology delivers high-quality boosted frames under even the most demanding workloads, such as 4K gaming with maximum raytracing settings and will be supported in over 30 games at launch.
Innovative suite of features through HYPR-RX – Gamers can instantly improve their experience by activating AMD HYPR-RX and the suite of features within AMD Software, including AMD Radeon™ Super Resolution, AMD Fluid Motion Frames 2.1, AMD Radeon™ Anti-Lag, and AMD Radeon™ Boost. These features can all be tailored to gamers’ hardware and preferences within AMD Software: Adrenalin Edition™ to drive increased FPS, responsiveness and efficiency.
AI-Enhanced AMD Software: Adrenalin Edition™ Application – A new suite of software and resources designed to deliver an industry-leading AI user experience with AMD Radeon RX 9070 Series graphics cards. Keep your drivers and AI software up to date with the new Software Manager. Find the answers to your questions about all things AMD or create free and private text and images with AMD Chat. Discover, download and install new and exciting AMD-partnered AI applications with the App Portal, and leverage AI to improve software quality with the AMD Image Inspector.
Ready for Next-Generation Displays – AMD Radiance Display™ Engine supports the latest DisplayPort™ 2.1a and HDMI^® 2.1b connections, enabling ultra-high resolutions and refresh rates up to 8K 144Hz, with 12-bit HDR and full REC2020 Color Space for incredible color accuracy. Paired with AMD FreeSync™ technology, gamers can enjoy tear-free, stutter-free gaming experiences on over 4000 compatible displays, including upcoming 4K 240Hz and 8K 144Hz DisplayPort™ 2.1 monitors.⁵

ML-Powered AMD FidelityFX™ Super Resolution 4 (AMD FSR 4) Upgrade

Available exclusively on AMD Radeon™ RX 9000 Series graphics cards, AMD Software: Adrenalin Edition™ adds a new easy-to-use AMD FidelityFX™ Super Resolution 4 (AMD FSR 4) Upgrade feature that helps maximize performance at maximum quality in over 30 games at launch, with 75 coming later this year. AMD FSR 4 delivers a substantial image quality improvement over AMD FSR 3.1 upscaling, with the new ML-based algorithm helping to improve temporal stability, better preserve detail, and reduce ghosting.
Utilizing features already built into the AMD FidelityFX™ API added when game developers integrate AMD FSR 3.1 into their games, AMD FSR 4 enables an easy upgrade for supported FSR 3.1 games and can be combined with existing in-game AMD FSR 3.1 advanced frame-generation and AMD Radeon™ Anti-Lag 2 for ultra-smooth, ultra-responsive gaming at incredible frame rates on AMD Radeon RX 9070 Series graphics cards.
The new ML-accelerated AMD FSR 4 upscaling algorithm is trained using high-quality ground truth game data on AMD Instinct™ Accelerators and uses the hardware-accelerated FP8 Wave Matrix Multiply Accumulate (WMMA) feature of the AMD RDNA™ 4 architecture to ensure maximum upscaling quality while still providing a substantial game performance boost.

AMD Radeon RX 9000 Series Product Specifications

Model	Compute Units	GDDR6	Game Clock (GHz)	Boost Clock⁶ (GHz)	Memory Interface	Infinity Cache	TBP	Price (USD SEP)
AMD Radeon RX 9070 XT	64	16 GB	2.4	Up to 3.0	256-bit	64 MB	304W	$599
AMD Radeon RX 9070	56	16 GB	2.1	Up to 2.5	256-bit	64 MB	220W	$549

Pricing and Availability
AMD Radeon RX 9000 Series graphics cards are expected to be available from leading board partners including Acer, ASRock, ASUS, Gigabyte, PowerColor, Sapphire, Vastarmor, XFX and Yeston beginning March 6^th, 2025. The AMD Radeon RX 9070 XT has an SEP of $599 USD, while the AMD Radeon RX 9070 has an SEP of $549 USD.

Supporting Resources

Learn more AMD Radeon Graphics cards here
Learn about RDNA 4 here
Learn more about AMD FidelityFX Super Resolution here
Follow AMD on LinkedIn
Follow AMD on X

About AMD
For more than 50 years AMD has driven innovation in high-performance computing, graphics and visualization technologies. Billions of people, leading Fortune 500 businesses and cutting-edge scientific research institutions around the world rely on AMD technology daily to improve how they live, work and play. AMD employees are focused on building leadership high-performance and adaptive products that push the boundaries of what is possible. For more information about how AMD is enabling today and inspiring tomorrow, visit the AMD (NASDAQ: AMD) website, blog, LinkedIn and X pages.

Cautionary Statement
This press release contains forward-looking statements concerning Advanced Micro Devices, Inc. (AMD) such as the features, functionality, performance, availability, timing and expected benefits of AMD products including the AMD Radeon™ RX 9000 Series graphics cards, which are made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are commonly identified by words such as “would,” “may,” “expects,” “believes,” “plans,” “intends,” “projects” and other terms with similar meaning. Investors are cautioned that the forward-looking statements in this press release are based on current beliefs, assumptions and expectations, speak only as of the date of this press release and involve risks and uncertainties that could cause actual results to differ materially from current expectations. Such statements are subject to certain known and unknown risks and uncertainties, many of which are difficult to predict and generally beyond AMD’s control, that could cause actual results and other future events to differ materially from those expressed in, or implied or projected by, the forward-looking information and statements. Material factors that could cause actual results to differ materially from current expectations include, without limitation, the following: Intel Corporation’s dominance of the microprocessor market and its aggressive business practices; Nvidia’s dominance in the graphics processing unit market and its aggressive business practices; competitive markets in which AMD’s products are sold; the cyclical nature of the semiconductor industry; market conditions of the industries in which AMD products are sold; AMD’s ability to introduce products on a timely basis with expected features and performance levels; loss of a significant customer; economic and market uncertainty; quarterly and seasonal sales patterns; AMD’s ability to adequately protect its technology or other intellectual property; unfavorable currency exchange rate fluctuations; ability of third party manufacturers to manufacture AMD’s products on a timely basis in sufficient quantities and using competitive technologies; availability of essential equipment, materials, substrates or manufacturing processes; ability to achieve expected manufacturing yields for AMD’s products; AMD’s ability to generate revenue from its semi-custom SoC products; potential security vulnerabilities; potential security incidents including IT outages, data loss, data breaches and cyberattacks; uncertainties involving the ordering and shipment of AMD’s products; AMD’s reliance on third-party intellectual property to design and introduce new products; AMD’s reliance on third-party companies for design, manufacture and supply of motherboards, software, memory and other computer platform components; AMD’s reliance on Microsoft and other software vendors’ support to design and develop software to run on AMD’s products; AMD’s reliance on third-party distributors and add-in-board partners; impact of modification or interruption of AMD’s internal business processes and information systems; compatibility of AMD’s products with some or all industry-standard software and hardware; costs related to defective products; efficiency of AMD’s supply chain; AMD’s ability to rely on third party supply-chain logistics functions; AMD’s ability to effectively control sales of its products on the gray market; long-term impact of climate change on AMD’s business; impact of government actions and regulations such as export regulations, tariffs and trade protection measures; AMD’s ability to realize its deferred tax assets; potential tax liabilities; current and future claims and litigation; impact of environmental laws, conflict minerals related provisions and other laws or regulations; evolving expectations from governments, investors, customers and other stakeholders regarding corporate responsibility matters; issues related to the responsible use of AI; restrictions imposed by agreements governing AMD’s notes, the guarantees of Xilinx’s notes and the revolving credit agreement; impact of acquisitions, joint ventures and/or strategic investments on AMD’s business and AMD’s ability to integrate acquired businesses; our ability to complete the acquisition of ZT Systems; impact of any impairment of the combined company’s assets; political, legal and economic risks and natural disasters; future impairments of technology license purchases; AMD’s ability to attract and retain qualified personnel; and AMD’s stock price volatility. Investors are urged to review in detail the risks and uncertainties in AMD’s Securities and Exchange Commission filings, including but not limited to AMD’s most recent reports on Forms 10-K and 10-Q.

© 2025 Advanced Micro Devices, Inc. All rights reserved. AMD, the AMD Arrow logo, AMD Software: Adrenalin Edition, AMD RDNA, FidelityFX, Radeon, Ryzen, and combinations thereof are trademarks of Advanced Micro Devices, Inc. Other product names used in this publication are for identification purposes only and may be trademarks of their respective owners. Certain AMD technologies may require third-party enablement or activation. Supported features may vary by operating system. Please confirm with the system manufacturer for specific features. No technology or product can be completely secure.

¹ Based on specifications of AMD RDNA 4 architecture compared to AMD RDNA 3 architecture as of December 2024. RX-1143
² Testing done by AMD performance labs February 2025, on a test system configured with Ryzen 7 9800X3D CPU, 32 GB DDR5-6000 Memory, Windows 11 Pro and Radeon RX 9070 (Driver 25.3.1 RC 31) vs. a similarly configured system with an RX 7900 GRE (Driver 25.3.1 RC31) comparing gaming performance at 4K in the following applications: Cyberpunk 2077 (DX12, Ultra), Cyberpunk 2077 (DX12, RT Ultra), Assassin’s Creed Mirage (DX12, Ultra High), F1 24 (DX12, Ultra High), F1 24 (DX12, Ultra High RT), Starfield (DX12, Ultra), Far Cry 6 (DX12, Ultra), Far Cry 6 (DX12, Ultra RT), Forza Horizon 5 (DX12, Extreme), Forza Horizon 5 (DX12, RT Extreme), Watch Dogs Legion (DX12, Ultra), Watch Dogs Legion (DX12, RT Ultra), Horizon Forbidden West (DX12, Maxed), Horizon Zero Dawn Remastered (DX12, Maxed), God of War: Ragnarok (DX12, Ultra), Call of Duty: Black Ops 6 (DX12, Extreme), DOOM Eternal (Vulkan, Ultra Nightmare), DOOM Eternal (Vulkan, Ultra Nightmare RT), Total War: Warhammer 3 (DX11, Ultra), Dying Light 2 (DX12, High), Dying Light 2 (DX12, High Raytracing), Alan Wake 2 (DX12, High), Alan Wake 2 (DX12, High w/Med RT), Avatar: Frontiers of Pandora (DX12, Ultra), Hitman 3 (DX12, Ultra), Hitman 3 (DX12, Ultra RT), The Witcher 3 (DX12, Ultra+), The Witcher 3 (DX12, RT Ultra), Metro Exodus Enhanced Edition (DX12, Extreme), Black Myth: Wukong (DX12, Cinematic), Black Myth: Wukong (DX12, Cinematic RT) Baldur’s Gate 3 (DX11, Ultra), Ghost of Tsushima (DX12, Very High), Star Wars Outlaws (DX12, Ultra RT), Warhammer 40,000: Space Marine 2 (DX12, Ultra), Control (DX12, High), Control (DX12, High RT), Dragon Age: The Veilguard (DX12, Ultra), Dragon Age: The Veilguard (DX12, Ultra RT), Resident Evil 4 (DX12, Max), Resident Evil 4 (DX12, Max RT), Marvel’s Spider-Man 2 (DX12, Maxed), Marvel’s Spiderman 2 (DX12, Maxed RT), Microsoft Flight Simulator 2024 (DX12, Ultra), The Last of Us: Part 1 (DX12, Ultra), S.T.A.L.K.E.R. 2: Heart of Chornobyl (DX12, Epic), Final Fantasy XVI Demo (DX12, Ultra). Testing conducted with latest game builds as of February 5, 2025 (Marvel’s Spider-Man 2, Microsoft Flight Simulator 2024, The Last of Us: Part 1, and Forza Horizon 5 using latest builds as of February 14th, 2025). System manufacturers may vary configurations, yielding different results. RX-1176.
³ Testing done by AMD performance labs February 2025, on a test system configured with Ryzen 7 9800X3D CPU, 32 GB DDR5-6000 Memory, Windows 11 Pro and Radeon RX 9070 XT (Driver 25.3.1 RC 31) vs. a similarly configured system with an RX 7900 GRE (Driver 25.3.1 RC31) comparing gaming performance at 4K in the following applications: Cyberpunk 2077 (DX12, Ultra), Cyberpunk 2077 (DX12, RT Ultra), Assassin’s Creed Mirage (DX12, Ultra High), F1 24 (DX12, Ultra High), F1 24 (DX12, Ultra High RT), Starfield (DX12, Ultra), Far Cry 6 (DX12, Ultra), Far Cry 6 (DX12, Ultra RT), Forza Horizon 5 (DX12, Extreme), Forza Horizon 5 (DX12, RT Extreme), Watch Dogs Legion (DX12, Ultra), Watch Dogs Legion (DX12, RT Ultra), Horizon Forbidden West (DX12, Maxed), Horizon Zero Dawn Remastered (DX12, Maxed), God of War: Ragnarok (DX12, Ultra), Call of Duty: Black Ops 6 (DX12, Extreme), DOOM Eternal (Vulkan, Ultra Nightmare), DOOM Eternal (Vulkan, Ultra Nightmare RT), Total War: Warhammer 3 (DX11, Ultra), Dying Light 2 (DX12, High), Dying Light 2 (DX12, High Raytracing), Alan Wake 2 (DX12, High), Alan Wake 2 (DX12, High w/Med RT), Avatar: Frontiers of Pandora (DX12, Ultra), Hitman 3 (DX12, Ultra), Hitman 3 (DX12, Ultra RT), The Witcher 3 (DX12, Ultra+), The Witcher 3 (DX12, RT Ultra), Metro Exodus Enhanced Edition (DX12, Extreme), Black Myth: Wukong (DX12, Cinematic), Black Myth: Wukong (DX12, Cinematic RT) Baldur’s Gate 3 (DX11, Ultra), Ghost of Tsushima (DX12, Very High), Star Wars Outlaws (DX12, Ultra RT), Warhammer 40,000: Space Marine 2 (DX12, Ultra), Control (DX12, High), Control (DX12, High RT), Dragon Age: The Veilguard (DX12, Ultra), Dragon Age: The Veilguard (DX12, Ultra RT), Resident Evil 4 (DX12, Max), Resident Evil 4 (DX12, Max RT), Marvel’s Spider-Man 2 (DX12, Maxed), Marvel’s Spiderman 2 (DX12, Maxed RT), Microsoft Flight Simulator 2024 (DX12 Ultra), The Last of Us: Part 1 (DX12, Ultra), S.T.A.L.K.E.R. 2: Heart of Chornobyl (DX12, Epic), Final Fantasy XVI Demo (DX12, Ultra). Testing conducted with latest game builds as of February 5, 2025 (Marvel’s Spider-Man 2, Microsoft Flight Simulator 2024, The Last of Us: Part 1, and Forza Horizon 5 using latest builds as of February 14th, 2025). System manufacturers may vary configurations, yielding different results. RX-1179.
⁴ Testing by AMD, as of February 2025 using Amuse 2.3.15 and Procyon 2.10.1542 64. Models used: SD 1.5, SDXL, ComputerVision FP16, and FLUX Schnell. System configuration: AMD Ryzen 7 9800X3D, 32GB 6000 MT/s DDR5 RAM, 2TB SSD with an AMD Radeon RX 9070 XT GPU vs. a similarly configured system with a Radeon RX 7900 GRE GPU. Driver 25.3.1 RC 31. Performance may vary. RX-1168.
⁵ AMD FreeSync/FreeSync Premium/FreeSync Premium Pro technology requires AMD Radeon graphics and a display certified by AMD. See www.amd.com/freesync for complete details. Confirm capability with your system or display manufacturer before purchase. GD-127.
⁶ Boost Clock Frequency is the maximum frequency achievable on the GPU running a bursty workload. Boost clock achievability, frequency, and sustainability will vary based on several factors, including but not limited to: thermal conditions and variation in applications and workloads. GD-151.

Contact:
Stacy MacDiarmid
AMD Communications
+1 512-658-2265
Stacy.MacDiarmid@amd.com

Matt Ramsay
AMD Investor Relations
+1 512-496-0197
Matthew.Ramsay@amd.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/d4e6957f-0945-483c-9795-cf97039270b9

The MIL Network –

March 1, 2025

MIL-OSI: Fluent Announces Unaudited Fourth Quarter and Full-Year 2024 Financial Results

Source: GlobeNewswire (MIL-OSI)

Revenue of $65.4 million for Q4 2024 and $254.6 million for FY 2024
Q4 2024 Commerce Media Solutions revenue grew 139% to $17.2 million (26% of consolidated revenue) from $7.2 million (10% of revenue) in Q4 2023 with gross profit margin (exclusive of depreciation and amortization) of 39% in Q4 2024 compared to 21% for the consolidated business
Commerce Media Solutions annual revenue run rate currently exceeds $60 million, representing a 20% quarter-over-quarter increase, which demonstrates strong traction in executing a strategic pivot to a fast-growing market

NEW YORK, Feb. 28, 2025 (GLOBE NEWSWIRE) — Fluent, Inc. (NASDAQ: FLNT), a commerce media solutions company, today reported unaudited results for the fourth quarter and fiscal year ended December 31, 2024. These results are preliminary and subject to ongoing audit procedures.

Donald Patrick, Fluent’s Chief Executive Officer, commented, “In the fourth quarter and full year 2024 we continued to execute on our strategic pivot into our Commerce Media Solutions business. As part of this repositioning, we discontinued the ACA business in the third quarter of 2024, and due to a change in estimate driven by a higher than anticipated attrition rate partly related to the continuing impacts of regulatory challenges in the marketplace, we recorded a write-down of accounts receivables and an equal offset of revenue of $2.5 million in Q4. The impact of this $2.5 million write-down is reflected equally in consolidated revenue, gross profit, and net loss. Most important, the core driver to our evolving business model – Commerce Media Solutions – is performing exceptionally well, with revenue increasing 139% year-over-year to $17.2 million in the fourth quarter, and 284% over full year 2023 to $41.3 million supported by the addition of top-tier media partners throughout 2024. With our visibility today, we expect to continue the trend of triple-digit year-over-year revenue growth of our Commerce Media Solutions business in 2025.”

Mr. Patrick concluded, “We are pleased with the increasing momentum of our growth strategies this year and are confident about the trajectory of our business as we build a more predictable, profitable and valuable business over time.”

Fourth Quarter Highlights (Unaudited)

Revenue of $65.4 million, a decrease of 10.1% compared to $72.8 million in Q4 2023.
- Owned and Operated revenue decreased 23% to $38.2 million compared to $49.9 million in Q4 2023 as the Company executed its shift in focus and revenue mix to higher margin Commerce Media Solutions
- Commerce Media Solutions revenue increased 139% to $17.2 million compared to $7.2 million in Q4 2023
Net loss of $3.4 million, or $0.19 per share, compared to net loss of $1.9 million, or $0.14 per share, for Q4 2023. Net loss represented 5.2% of revenue for Q4 2024.
Gross profit (exclusive of depreciation and amortization) of $13.9 million, a decrease of 33.3% over Q4 2023 and representing 21% of revenue. The Company’s growing Commerce Media Solutions business reported gross profit (exclusive of depreciation and amortization) of $6.7 million, representing 39% of revenue, for Q4 2024, up from 18% of revenue in Q4 2023.
Media margin of $16.5 million, a decrease of 31.4% over Q4 2023 and representing 25.3% of revenue. The Company’s growing Commerce Media Solutions business reported media margins of 39.3% for Q4 2024, up from 18.5% in Q4 2023.
Adjusted EBITDA of negative $1.7 million, a decrease of $4.2 million compared to Q4 2023 and representing 2.6% of revenue
Adjusted net loss of $3.3 million, or $0.18 per share, compared to adjusted net loss of $0.4 million, or $0.03 per share, for Q4 2023
Revenue, net loss, gross profit, media margin, adjusted EBITDA and adjusted net loss were all impacted by a $2.5 million write-down during the fourth quarter associated with the previously discontinued ACA business. This write-down caused adjusted EBITDA to be negative for the quarter.

Full-Year 2024 Highlights (Unaudited)

Revenue of $254.6 million, a decrease of 14.7% compared to $298.4 million in 2023.
- Owned and Operated revenue decreased 29% to $168.4 million compared to $235.7 million in 2023 as the Company executed its shift in focus and revenue mix to higher margin Commerce Media Solutions
- Commerce Media Solutions revenue increased 284% to $41.3 million compared to $10.7 million in 2023
Net loss of $29.3 million, or $1.80 per share, compared to net loss of $63.2 million, or $4.59 per share, for the prior year. Net loss represented 11.5% of revenue for 2024.
Gross profit (exclusive of depreciation and amortization) of $60.8 million, a decrease of 22.6% over 2023 and representing 24% of revenue. The Company’s growing Commerce Media Solutions business reported gross profit (exclusive of depreciation and amortization) of $14.3 million, representing 35% of revenue, for the twelve months ended December 31, 2024, up from 8% of revenue, for the twelve months ended December 31, 2023.
Media margin of $72.5 million, a decrease of 20.6% over prior year and representing 28.5% of revenue. The Company’s growing Commerce Media Solutions business reported media margins of 35.1% for 2024, up from 8.5% for 2023.
Adjusted EBITDA of negative $5.6 million, a decrease of $12.4 million compared to 2023 and representing 2.2% of revenue
Adjusted net loss of $18.5 million, or $1.14 per share, compared to adjusted net income of $7.2 million, or $0.52 per share, for the prior year

Media margin, adjusted EBITDA, and adjusted net income are non-GAAP financial measures, as defined and reconciled below.

Business Outlook & Goals

Further establish Fluent’s Commerce Media Solutions business as a leader in the performance marketing sector among both media partners and advertisers to capitalize on the growing demand for this advertising channel across numerous high volume market verticals.
Drive double-digit revenue growth, improvement in net loss as compared to 2024, and positive adjusted EBITDA for full-year 2025 supported by the growth of Fluent’s Commerce Media Solutions. These improvements are expected to occur in the second half of 2025 as Commerce Media Solutions continues to scale as a percentage of consolidated revenue.
Leverage 14-year leadership position at the forefront of customer acquisition and robust database of first-party user data to differentiate Fluent from competitors in the commerce media space.

Update on SLR Credit Facility

On January 30, 2025, we entered into a letter agreement with Crystal Financial LLC D/B/A SLR Credit Solutions, as administrative agent, lead arranger and bookrunner (“SLR”), pursuant to which SLR extended the deadline for delivery of the compliance certificate required under the credit agreement for the fiscal month ended December 31, 2024, and the related notice of default, to March 4, 2025, while the parties negotiate a fourth amendment to the credit agreement.

While we expect to enter into a fourth amendment to the credit agreement, there can be no assurance that we will be able to enter into definitive agreements for such amendment prior to March 4, 2025 or that such deadline will be extended if we are unable to enter into any such agreement. We have not always met our projections in recent quarters, and we do not expect to be in compliance with the existing financial covenants during the next twelve months under our current credit agreement. In the near term, we expect we will need to raise additional capital, but there can be no assurance that additional capital will be available when needed.

The financial statements included in our Form 10-Q for the three months ended September 30, 2024 contained a note expressing substantial doubt about our ability to continue as a going concern over the subsequent twelve months. This determination will be reevaluated at the issuance date of our Form 10-K for the fiscal year ended December 31, 2024 based on the status of the credit agreement, as potentially amended, in place at that time, our anticipated ability to satisfy covenants contained in such agreement, and other factors consistent with GAAP.

Conference Call

Fluent, Inc. will host a conference call on Friday, February 28, 2025, at 9:00 AM ET to discuss its 2024 fourth quarter and full-year financial results. The conference call can be accessed by phone after registering online at https://register.vevent.com/register/BI37035592191f4c689c3ed890713040ab. The call will also be webcast simultaneously on the Fluent website at https://investors.fluentco.com/. Following the completion of the earnings call, a recorded replay of the webcast will be available for those unable to participate. To listen to the telephone replay, please connect via https://edge.media-server.com/mmc/p/rudtccas. The replay will be available for one year, via the Fluent website https://investors.fluentco.com.

About Fluent, Inc.

Fluent, Inc. (NASDAQ: FLNT) is a commerce media solutions provider connecting top-tier brands with highly engaged consumers. Leveraging diverse ad inventory, robust first-party data, and proprietary machine learning, Fluent unlocks additional revenue streams for partners and empowers advertisers to acquire their most valuable customers at scale. Founded in 2010, Fluent uses its deep expertise in performance marketing to drive monetization and increase engagement at key touchpoints across the customer journey. For more insights visit http://www.fluentco.com/.

Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995

The matters contained in this press release may be considered to be “forward-looking statements” within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934. Those statements include statements regarding the intent, belief or current expectations or anticipations of Fluent and members of our management team. Factors currently known to management that could cause actual results to differ materially from those in forward-looking statements include the following:

Compliance with a significant number of governmental laws and regulations, including those regarding telemarketing, text messaging, privacy, and data;
The financial impact of compliance changes to our business, including changes to our employment opportunities marketplace and programmatic advertising businesses, and whether and when our competitors will implement similar changes;
The outcome of litigation, regulatory investigations, or other legal proceedings in which we are involved or may become involved;
Failure to safeguard the personal information and other data contained in our database;
Unfavorable publicity and negative public perception about the digital marketing industry;
Failure to adequately protect intellectual property rights or allegations of infringement of intellectual property rights;
Unfavorable global economic conditions, including as a result of health concerns, terrorist attacks or civil unrest;
Dependence on our key personnel and ability to attract or retain employees;
Dependence on and liability related to actions of third-party service providers;
A decline in the supply or increase in the price of media available;
Ability to compete in an industry characterized by rapidly-evolving standards and internet media and advertising technology;
Failure to compete effectively against other online marketing and advertising companies or respond to changing user demands;
Competition for web traffic and dependence on third-party publishers, internet search providers and social media platforms for a significant portion of visitors to our websites;
Dependence on emails, text messages, and telephone calls, among other channels, to reach users for marketing purposes;
Credit risk from certain clients;
Limitations on our or our third-party publishers’ ability to collect and use data derived from user activities;
Ability to remain competitive with the shift to mobile applications;
Failure to detect click-through or other fraud on advertisements;
Fluctuations in fulfillment costs;
Dependence on the gaming industry;
Failure to meet our clients’ performance metrics or changing needs;
Pricing pressure by certain clients and the ability of our marketplace to respond through allocating traffic to higher paying clients;
Compliance with the covenants of our credit agreement in light of current business conditions, the current uncertainty of which raises substantial doubt about our ability to continue as a going concern;
Our likely need to raise capital to address non-compliance with covenants in our credit agreement with SLR and/or otherwise fund our operations;
Ability to timely enter into a fourth amendment to the credit agreement with SLR;
Potential limitations on the use of the revolving credit line under our credit agreement to fund operating expenses based on the amount and character of accounts receivable at any given time and our ability to meet our financial forecast;
Potential for failures in our internal control over financial reporting;
Ability to maintain listing of our securities on the Nasdaq Capital Market; and
Management of the growth of our operations, including international expansion and the integration of acquired business units or personnel.

These and additional factors to be considered are set forth under “Risk Factors” in our Annual Report on Form 10-K for the fiscal year ended December 31, 2023 and in our other filings with the Securities and Exchange Commission. Fluent undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results or expectations.

FLUENT, INC. CONSOLIDATED BALANCE SHEETS (Amounts in thousands, except share and per share data) (unaudited)

	December 31, 2024			December 31, 2023
ASSETS:
Cash and cash equivalents	$	9,439		$	15,804
Accounts receivable, net of allowance for credit losses of $487 and $231, respectively		46,532			56,531
Prepaid expenses and other current assets		8,729			6,071
Restricted cash		1,255			—
Total current assets		65,955			78,406
Property and equipment, net		304			591
Operating lease right-of-use assets		1,570			3,395
Intangible assets, net		21,797			26,809
Goodwill		—			1,261
Other non-current assets		3,991			1,405
Total assets	$	93,617		$	111,867
LIABILITIES AND SHAREHOLDERS’ EQUITY:
Accounts payable	$	8,776		$	10,954
Accrued expenses and other current liabilities		21,905			30,534
Deferred revenue		556			430
Current portion of long-term debt		31,609			5,000
Current portion of operating lease liability		1,836			2,296
Total current liabilities		64,682			49,214
Long-term debt, net		250			25,488
Convertible Notes, at fair value with related parties		3,720			—
Operating lease liability, net		9			1,699
Other non-current liabilities		1			1,062
Total liabilities		68,662			77,463
Contingencies
Shareholders’ equity:
Preferred stock — $0.0001 par value, 10,000,000 Shares authorized; Shares outstanding — 0 shares for both periods		—			—
Common stock — $0.0005 par value, 200,000,000 Shares authorized; Shares issued — 20,791,431 and 14,384,936, respectively; and Shares outstanding — 20,022,836 and 13,616,341, respectively		47			43
Treasury stock, at cost — 768,595 and 768,595 shares, respectively		(11,407	)		(11,407	)
Additional paid-in capital		447,110			427,286
Accumulated deficit		(410,795	)		(381,518	)
Total shareholders’ equity		24,955			34,404
Total liabilities and shareholders’ equity	$	93,617		$	111,867

(1) Debt classification conforms to presentation at September 30, 2024, which was based on the Company not expecting to be in compliance with certain financial covenants under its credit agreement during certain quarters in the twelve months following the issuance date of the September 30, 2024 financial statements. This classification will be reevaluated at the issuance date of the Company’s audited financial statements as of December 31, 2024 and 2023 and for fiscal years then ending.

FLUENT, INC. CONSOLIDATED STATEMENTS OF OPERATIONS (Amounts in thousands, except share and per share data) (unaudited)

	Three Months Ended December 31,						Year Ended December 31,
	2024			2023			2024			2023
Revenue	$	65,407		$	72,761		$	254,623		$	298,399
Costs and expenses:
Cost of revenue (exclusive of depreciation and amortization)		51,503			51,924			193,821			219,884
Sales and marketing ⁽¹⁾		3,917			5,122			17,317			18,576
Product development ⁽¹⁾		3,600			4,390			17,281			18,454
General and administrative ⁽¹⁾		9,409			10,343			37,697			35,334
Depreciation and amortization		2,419			2,764			9,926			10,876
Goodwill and intangible assets impairment		—			—			2,241			55,405
Total costs and expenses		70,848			74,543			278,283			358,529
Loss from operations		(5,441	)		(1,782	)		(23,660	)		(60,130	)
Interest expense, net		(1,038	)		(784	)		(4,749	)		(3,204	)
Fair value adjustment of Convertible Notes, with related parties		1,140			—			(1,670	)		—
Loss on early extinguishment of debt		—			—			(1,009	)		—
Loss before income taxes		(5,339	)		(2,566	)		(31,088	)		(63,334	)
Income tax (expense) benefit		1,909			667			1,811			116
Net loss	$	(3,430	)	$	(1,899	)	$	(29,277	)	$	(63,218	)
Basic and diluted loss per share:
Basic	$	(0.19	)	$	(0.14	)	$	(1.80	)	$	(4.59	)
Diluted	$	(0.19	)	$	(0.14	)	$	(1.80	)	$	(4.59	)
Weighted average number of shares outstanding:
Basic		18,352,940			13,827,339			16,259,943			13,770,356
Diluted		18,352,940			13,827,339			16,259,943			13,770,356

(1) Amounts include share-based compensation expense as follows:
Sales and marketing	$	55		$	124		$	218		$	543
Product development		65			141			239			626
General and administrative		360			526			1,506			2,640
Total share-based compensation expense	$	480		$	791		$	1,963		$	3,809

FLUENT, INC. CONSOLIDATED STATEMENTS OF CASH FLOWS (Amounts in thousands) (unaudited)

	Year Ended December 31,
	2024			2023
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	$	(29,277	)	$	(63,218	)
Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation and amortization		9,926			10,876
Non-cash loan amortization expense		1,371			426
Non-cash gain on contingent consideration		(250	)		—
Non-cash loss on early extinguishment of debt		1,009			—
Share-based compensation expense		1,970			3,756
Fair value adjustment of Convertible Notes, with related parties		1,670			—
Goodwill impairment		1,261			55,405
Impairment of intangible assets		980			—
Allowance for credit losses		401			124
Deferred income taxes		(276	)		(145	)
Changes in assets and liabilities, net of business acquisition:
Accounts receivable		9,473			6,509
Prepaid expenses and other current assets		(3,211	)		(2,565	)
Other non-current assets		(51	)		325
Operating lease assets and liabilities, net		(325	)		(330	)
Accounts payable		(2,178	)		4,764
Accrued expenses and other current liabilities		(5,878	)		(6,088	)
Deferred revenue		313			(584	)
Other		(1,032	)		(1,117	)
Net cash provided by (used in) operating activities		(14,104	)		8,138
CASH FLOWS FROM INVESTING ACTIVITIES:
Business acquisition/consolidation, net of cash acquired		—			(1,250	)
Capitalized costs included in intangible assets		(6,198	)		(5,838	)
Acquisition of property and equipment		(13	)		(25	)
Net cash used in investing activities		(6,211	)		(7,113	)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from issuance of long-term debt, net of debt financing costs		65,440			—
Repayments of long-term debt		(68,228	)		(10,000	)
Debt financing costs		(1,875	)		(532	)
Proceeds from issuance of warrants		12,627			—
Proceeds from exercise of warrants		2			—
Proceeds from Convertible Notes, with related parties		2,050			—
Proceeds from Direct Offering		5,189			—
Taxes paid related to net share settlement of vesting of restricted stock units		—			(236	)
Net cash provided by (used in) financing activities		15,205			(10,768	)
Net decrease in cash, cash equivalents, and restricted cash		(5,110	)		(9,743	)
Cash, cash equivalents, and restricted cash at beginning of period		15,804			25,547
Cash, cash equivalents, and restricted cash at end of period	$	10,694		$	15,804

Definitions, Reconciliations and Uses of Non-GAAP Financial Measures

The following non-GAAP measures are used in this release:

Media margin is defined as that portion of gross profit (exclusive of depreciation and amortization) reflecting variable costs paid for media and related expenses and excluding non-media cost of revenue. Gross profit (exclusive of depreciation and amortization) represents revenue minus cost of revenue (exclusive of depreciation and amortization). Media margin is also presented as a percentage of revenue.

Adjusted EBITDA is defined as net income (loss), excluding (1) income taxes, (2) interest expense, net, (3) depreciation and amortization, (4) share-based compensation expense, (5) loss on early extinguishment of debt, (6) accrued compensation expense for Put/Call Consideration, (7) goodwill impairment, (8) impairment of intangible assets, (9) loss (gain) on disposal of property and equipment, (10) fair value adjustment of Convertible Notes with related parties, (11) acquisition-related costs, (12) restructuring and other severance costs, and (13) certain litigation and other related costs.

Adjusted net income is defined as net income (loss) excluding (1) Share-based compensation expense, (2) loss on early extinguishment of debt, (3) accrued compensation expense for Put/Call Consideration, (4) goodwill impairment, (5) impairment of intangible assets, (6) loss (gain) on disposal of property and equipment, (7) fair value adjustment of Convertible Notes with related parties (8) acquisition-related costs, (9) restructuring and other severance costs, and (10) certain litigation and other related costs. Adjusted net income is also presented on a per share (basic and diluted) basis.

Below is a reconciliation of media margin from gross profit (exclusive of depreciation and amortization), which we believe is the most directly comparable U.S. GAAP measure.

	Three Months Ended December 31,						Year Ended December 31,
(In thousands, except percentages)	2024			2023			2024			2023
Revenue	$	65,407		$	72,761		$	254,623		$	298,399
Less: Cost of revenue (exclusive of depreciation and amortization)		51,503			51,924			193,821			219,884
Gross Profit (exclusive of depreciation and amortization)		13,904			20,837			60,802			78,515
Gross Profit (exclusive of depreciation and amortization) % of revenue		21	%		29	%		24	%		26	%
Non-media cost of revenue ⁽¹⁾		2,644			3,275			11,710			12,785
Media margin	$	16,548		$	24,112		$	72,512		$	91,300
Media margin % of revenue		25.3	%		33.1	%		28.5	%		30.6	%

(1) Represents the portion of cost of revenue (exclusive of depreciation and amortization) not attributable to variable costs paid for media and related expenses.

Below is a reconciliation of media margin from gross profit (exclusive of depreciation and amortization), which we believe is the most directly comparable U.S. GAAP measure, for Commerce Media Solutions.


	Three Months Ended December 31,						Year Ended December 31,
(In thousands, except percentages)	2024			2023			2024			2023
Revenue	$	17,235		$	7,211		$	41,267		$	10,745
Less: Cost of revenue (exclusive of depreciation and amortization)		10,501			5,921			26,988			9,895
Gross profit (exclusive of depreciation and amortization)	$	6,734		$	1,290		$	14,279		$	850
Gross profit (exclusive of depreciation and amortization) % of revenue		39	%		18	%		35	%		8	%
Non-media cost of revenue ⁽¹⁾		32			43			193			62
Media margin	$	6,766		$	1,333		$	14,472		$	912
Media margin % of revenue		39.3	%		18.5	%		35.1	%		8.5	%

(1) Represents the portion of cost of revenue (exclusive of depreciation and amortization) not attributable to variable costs paid for media and related expenses.

Below is a reconciliation of adjusted EBITDA from net income (loss), which we believe is the most directly comparable U.S. GAAP measure.

	Three Months Ended December 31,						Year Ended December 31,
(In thousands)	2024			2023			2024			2023
Net loss	$	(3,430	)	$	(1,899	)	$	(29,277	)	$	(63,218	)
Income tax expense (benefit)		(1,909	)		(667	)		(1,811	)		(116	)
Interest expense, net		1,038			784			4,749			3,204
Depreciation and amortization		2,419			2,764			9,926			10,876
Share-based compensation expense		480			798			1,970			3,756
Loss on early extinguishment of debt		—			—			1,009			—
Goodwill impairment		—			—			1,261			55,405
Impairment of intangible assets		—			—			980			—
Fair value adjustment of Convertible Notes, with related parties		(1,140	)		—			1,670			—
Acquisition-related costs ⁽¹⁾		833			1,044			2,083			2,745
Restructuring and certain severance costs		—			—			1,821			456
Certain litigation and other related costs		—			(329	)		—			(6,311	)
Adjusted EBITDA	$	(1,709	)	$	2,495		$	(5,619	)	$	6,797

(1) Balance includes compensation expense related to non-competition agreements and earn-out expense incurred as a result of business combinations. The earn-out expense was ($57) and $345 for the three months ended December 31, 2024 and 2023, respectively, and $110 and $434 for the years ended December 31, 2024 and 2023, respectively.

Below is a reconciliation of adjusted net income and the related measure of adjusted net income per share from net income (loss), which we believe is the most directly comparable U.S. GAAP measure.

	Three Months Ended December 31,						Year Ended December 31,
(In thousands, except share and per share data)	2024			2023			2024			2023
Net loss	$	(3,430	)	$	(1,899	)	$	(29,277	)	$	(63,218	)
Share-based compensation expense		480			798			1,970			3,756
Loss on early extinguishment of debt		—			—			1,009			—
Goodwill impairment		—			—			1,261			55,405
Impairment of intangible assets		—			—			980			—
Fair value adjustment of Convertible Notes, with related parties		(1,140	)		—			1,670			—
Acquisition-related costs ⁽¹⁾		833			1,044			2,083			2,745
Restructuring and certain severance costs		—			—			1,821			456
Certain litigation and other related costs		—			(329	)		—			(6,311	)
Adjusted net income (loss)	$	(3,257	)	$	(386	)	$	(18,483	)	$	(7,167	)
Adjusted net income (loss) per share:
Basic	$	(0.18	)	$	(0.03	)	$	(1.14	)	$	(0.52	)
Diluted	$	(0.18	)	$	(0.03	)	$	(1.14	)	$	(0.52	)
Adjusted weighted average number of shares outstanding:
Basic		18,352,940			13,827,339			16,259,943			13,770,355
Diluted		18,352,940			13,827,339			16,259,943			13,770,355

We present media margin, adjusted EBITDA, and adjusted net income as supplemental measures of our financial and operating performance because we believe they provide useful information to investors. More specifically:

Media margin, as defined above, is a measure of the efficiency of the Company’s operating model. We use media margin and the related measure of media margin as a percentage of revenue as primary metrics to measure the financial return on our media and related costs, specifically to measure the degree by which the revenue generated from our digital marketing services exceeds the cost to attract the consumers to whom offers are made through our services. Media margin is used extensively by our management to manage our operating performance, including evaluating operational performance against budgeted media margin and understanding the efficiency of our media and related expenditures. We also use media margin for performance evaluations and compensation decisions regarding certain personnel.

Adjusted EBITDA, as defined above, is another primary metric by which we evaluate the operating performance of our business, on which certain operating expenditures and internal budgets are based and by which, in addition to media margin and other factors, our senior management is compensated. The first three adjustments represent the conventional definition of EBITDA, and the remaining adjustments are items recognized and recorded under U.S. GAAP in particular periods but might be viewed as not necessarily coinciding with the underlying business operations for the periods in which they are so recognized and recorded. These adjustments include certain litigation and other related costs associated with legal matters outside the ordinary course of business. We consider items one-time in nature if they are non-recurring, infrequent or unusual and have not occurred in the past two years or are not expected to recur in the next two years, in accordance with SEC rules. There were no adjustments for one-time items in the periods presented.

Adjusted net income, as defined above, excludes certain items that are recognized and recorded under U.S. GAAP in particular periods but might be viewed as not necessarily coinciding with the underlying business operations for the periods in which they are so recognized and recorded. We believe adjusted net income affords investors a different view of the overall financial performance of the Company than adjusted EBITDA and the U.S. GAAP measure of net (loss) income.

Media margin, adjusted EBITDA, adjusted net income, and adjusted net income per share are non-GAAP financial measures with certain limitations regarding their usefulness. They do not reflect our financial results in accordance with U.S. GAAP, as they do not include the impact of certain expenses that are reflected in our condensed consolidated statements of operations. Accordingly, these metrics are not indicative of our overall results or indicators of past or future financial performance. Further, they are not financial measures of profitability and are neither intended to be used as a proxy for the profitability of our business nor to imply profitability. The way we measure media margin, adjusted EBITDA, and adjusted net income may not be comparable to similarly titled measures presented by other companies and may not be identical to corresponding measures used in our various agreements.

Annual Revenue Run Rate

Annual Revenue Run Rate is an operational metric that represents the annualized revenue of the Company’s media partnerships at current monetization levels, as of the end of the reporting period. The Company calculates Annual Revenue Run Rate as follows:

Media partners within Commerce Media Solutions with an active contract are assessed and assigned an annual media volume estimate based on the active term of the contract and the monetization rate at the end of the reporting period. The Company considers a media partner contract to be active when the contractual term commences (the “start date”) until its right to serve the partner’s commerce traffic ends. Even if the contract with the customer is executed before the start date, the contract will not count toward Annual Revenue Run Rate until the media partner’s right to receive the benefit of the services has commenced.
As Annual Revenue Run Rate includes only contracts that are active at the end of the reporting period, it does not reflect assumptions or estimates regarding new business. For contracts expiring within 12 months of the period-end calculation date, Annual Revenue Run Rate does reflect expectations of renewal.
The Company’s Commerce Media Solutions platform provides the technology to effectively monetize the partner’s media by placing relevant ads at a contracted moment of consumer engagement. Although from inception to date, improvements in the platform’s AI-powered technology have consistently driven increased rates of monetization, for the purpose of Annual Revenue Run Rate, the Company assumes a consistent monetization level to that as measured on each media partner at the end of the reporting period.

The way the Company measures Annual Revenue Run Rate may not be comparable to similarly titled measures presented by other companies and should not be viewed as a projection of future revenue.

Contact Information:
Investor Relations
Fluent, Inc.
InvestorRelations@fluentco.com

The MIL Network –

March 1, 2025

MIL-OSI: Oxford Square Capital Corp. Announces Net Asset Value and Selected Financial Results for the Quarter Ended December 31, 2024 and Declaration of Distributions on Common Stock for the Months Ending April 30, May 31, and June 30, 2025

Source: GlobeNewswire (MIL-OSI)

GREENWICH, Conn., Feb. 28, 2025 (GLOBE NEWSWIRE) — Oxford Square Capital Corp. (NasdaqGS: OXSQ) (NasdaqGS: OXSQZ) (NasdaqGS: OXSQG) (the “Company,” “we,” “us” or “our”) announced today its financial results and related information for the quarter ended December 31, 2024.

On February 27, 2025, our Board of Directors declared the following distributions on our common stock:

Month Ending	Record Date	Payment Date	Amount Per Share
April 30, 2025	April 16, 2025	April 30, 2025	$0.035
May 31, 2025	May 16, 2025	May 30, 2025	$0.035
June 30, 2025	June 16, 2025	June 30, 2025	$0.035

Net asset value (“NAV”) per share as of December 31, 2024 stood at $2.30, compared with a NAV per share on September 30, 2024 of $2.35.

Net investment income (“NII”) was approximately $6.0 million, or $0.09 per share, for the quarter ended December 31, 2024, compared with approximately $6.2 million, or $0.10 per share, for the quarter ended September 30, 2024.
Total investment income for the quarter ended December 31, 2024 amounted to approximately $10.2 million, compared with approximately $10.3 million for the quarter ended September 30, 2024.
- For the quarter ended December 31, 2024 we recorded investment income from our portfolio as follows:
  - $5.4 million from our debt investments;
  - $4.1 million from our CLO equity investments; and
  - $0.8 million from other income.
Our total expenses for the quarter ended December 31, 2024 were approximately $4.2 million, which was approximately the same as the quarter ended September 30, 2024.
As of December 31, 2024, the following metrics applied (note that none of these metrics represented a total return to shareholders):
- The weighted average yield of our debt investments was 15.8% at current cost, compared with 14.5% as of September 30, 2024;
- The weighted average effective yield of our CLO equity investments at current (start of quarter for existing investments) cost was 8.8%, compared with 9.6% as of September 30, 2024; and
- The weighted average cash distribution yield of our cash income producing CLO equity investments at current cost was 16.2%, compared with 15.3% as of September 30, 2024.
For the quarter ended December 31, 2024, we recorded a net increase in net assets resulting from operations of approximately $3.3 million, consisting of:
- NII of approximately $6.0 million;
- Net realized losses of approximately $44.8 million; and
- Net unrealized appreciation of approximately $42.1 million.

During the fourth quarter of 2024, we made investments of approximately $25.1 million and received approximately $22.0 million from sales and repayments of investments.
Our weighted average credit rating was 2.3 based on total fair value and 2.4 based on total principal amount as of December 31, 2024, compared with a weighted average credit rating of 2.4 based on total fair value and 2.8 based on total principal amount as of September 30, 2024.
As of December 31, 2024, we had one debt investment in one portfolio company on non-accrual status, with a fair value of approximately $0.5 million. Also, as of December 31, 2024, our preferred equity investments in one of our portfolio companies were on non-accrual status, which had an aggregate fair value of approximately $4.6 million.
For the quarter ended December 31, 2024, we issued a total of approximately 1.8 million shares of common stock pursuant to an “at-the-market” offering. After deducting the sales agent’s commissions and offering expenses, this resulted in net proceeds of approximately $5.0 million. As of December 31, 2024, we had approximately 69.8 million shares of common stock outstanding.

We will hold a conference call to discuss fourth quarter results today, Friday, February 28^th, 2025 at 9:00 AM ET. The toll-free dial-in number is 1-800-549-8228. There will be a recording available for 30 days. If you are interested in hearing the recording, please dial 1-888-660-6264. The replay pass-code number is 06523#.

A presentation containing further detail regarding our quarterly results of operations has been posted under the Investor Relations section of our website at www.oxfordsquarecapital.com.


OXFORD SQUARE CAPITAL CORP. STATEMENTS OF ASSETS AND LIABILITIES

	December 31, 2024			December 31, 2023
	(Unaudited)
ASSETS
Non-affiliated/non-control investments (cost: $358,356,496 and $440,069,822, respectively)	$	256,238,759		$	261,614,335
Affiliated investments (cost: $16,836,822 and $16,836,822, respectively)		4,614,100			5,276,092
Cash and cash equivalents		34,926,468			5,740,553
Interest and distributions receivable		2,724,049			3,976,408
Other assets		1,227,598			1,060,384
Total assets	$	299,730,974		$	277,667,772
LIABILITIES
Notes payable – 6.25% Unsecured Notes, net of deferred issuance costs of $309,812 and $543,609, respectively		44,480,938			44,247,141
Notes payable – 5.50% Unsecured Notes, net of deferred issuance costs of $1,381,619 and $1,768,219, respectively		79,118,381			78,731,781
Securities purchased, not settled		12,027,463			—
Base Fee and Net Investment Income Incentive Fee payable to affiliate		1,215,964			1,012,389
Accrued interest payable		1,204,487			1,204,487
Accrued expenses		1,018,261			1,163,349
Total liabilities		139,065,494			126,359,147

NET ASSETS
Common stock, $0.01 par value, 100,000,000 shares authorized; 69,758,938 and 59,300,472 shares issued and outstanding, respectively		697,590			593,005
Capital in excess of par value		487,943,476			458,121,381
Total distributable earnings/(accumulated losses)		(327,975,586	)		(307,405,761	)
Total net assets		160,665,480			151,308,625
Total liabilities and net assets	$	299,730,974		$	277,667,772
Net asset value per common share	$	2.30		$	2.55


OXFORD SQUARE CAPITAL CORP. STATEMENTS OF OPERATIONS
	Year Ended December 31, 2024			Year Ended December 31, 2023			Year Ended December 31, 2022
		(Unaudited)
INVESTMENT INCOME
From non-affiliated/non-control investments:
Interest income – debt investments	$	24,929,287		$	33,592,166		$	25,234,315
Income from securitization vehicles and investments		15,403,586			16,796,699			17,093,203
Other income		2,350,332			1,435,316			790,594
Total investment income from non-affiliated/non-control investments		42,683,205			51,824,181			43,118,112
Total investment income		42,683,205			51,824,181			43,118,112
EXPENSES
Interest expense		7,847,320			10,825,877			12,354,392
Base Fee		4,310,484			4,613,664			5,903,986
Professional fees		1,537,434			1,426,098			1,393,116
Compensation expense		746,762			825,226			915,583
Director’s fees		417,500			429,500			417,500
Insurance expense		308,552			329,892			378,804
Transfer agent and custodian fees		260,330			246,562			231,241
Excise tax		216,528			1,423,686			252,172
General and administrative		597,883			638,350			583,740
Total expenses before incentive fees		16,242,793			20,758,855			22,430,534
Net Investment Income Incentive Fees		—			3,705,387			—
Capital gains incentive fees		—			—			—
Total incentive fees		—			3,705,387			—
Total expenses		16,242,793			24,464,242			22,430,534
Net investment income		26,440,412			27,359,939			20,687,578
NET UNREALIZED APPRECIATION/(DEPRECIATION) AND REALIZED LOSSES ON INVESTMENT TRANSACTIONS
Net change in unrealized appreciation/(depreciation) on investments:
Non-Affiliate/non-control investments		76,337,750			6,198,413			(109,479,985	)
Affiliated investments		(661,992	)		926,274			3,577,327
Total net change in unrealized appreciation/(depreciation) on investments		75,675,758			7,124,687			(105,902,658	)
Net realized losses:
Non-affiliated/non-control investments		(96,236,489	)		(17,056,245	)		(339,819	)
Extinguishment of debt		—			(190,353	)		—
Total net realized losses		(96,236,489	)		(17,246,598	)		(339,819	)
Net unrealized and realized losses		(20,560,731	)		(10,121,911	)		(106,242,477	)
Net increase/(decrease) in net assets resulting from operations	$	5,879,681		$	17,238,028		$	(85,554,899	)
Net increase in net assets resulting from net investment income per common share (Basic and Diluted):	$	0.42		$	0.51		$	0.42
Net increase/(decrease) in net assets resulting from operations per common share (Basic and Diluted):	$	0.09		$	0.32		$	(1.72	)
Weighted average shares of common stock outstanding (Basic and Diluted):		63,465,255			53,919,104			49,757,122


FINANCIAL HIGHLIGHTS

	Year Ended December 31, 2024			Year Ended December 31, 2023			Year Ended December 31, 2022			Year Ended December 31, 2021				Year Ended December 31, 2020
	(Unaudited)
Per Share Data
Net asset value at beginning of year	$	2.55		$	2.78		$	4.92		$	4.55		$	5.12
Net investment income⁽¹⁾		0.42			0.51			0.42			0.32			0.40
Net realized and unrealized gains (losses)⁽²⁾		(0.33	)		(0.19	)		(2.14	)		0.47			(0.36	)
Net change in net asset value from operations		0.09			0.32			(1.72	)		0.79			0.04
Distributions per share from net investment income		(0.42	)		(0.54)			(0.42)			(0.42)			(0.61	)
Distributions based on weighted average share impact		—			(0.01	)		—			—			—
Tax return of capital distributions		—			—			—			—			—
Total distributions⁽³⁾		(0.42	)		(0.55	)		(0.42	)		(0.42	)		(0.61	)
Effect of shares issued, net of offering expenses		0.08			—			—			—			—
Effect of shares issued/repurchased, gross		—			—			—			—			—
Net asset value at end of year	$	2.30		$	2.55		$	2.78		$	4.92		$	4.55
Per share market value at beginning of year	$	2.86		$	3.12		$	4.08		$	3.05		$	5.44
Per share market value at end of year	$	2.44		$	2.86		$	3.12		$	4.08		$	3.05
Total return based on Market Value⁽⁴⁾		(1.64	)%		9.34	%		(14.11	)%		47.38	%		(31.75	)%
Total return based on Net Asset Value⁽⁵⁾		6.67	%		11.15	%		(34.96	)%		17.36	%		0.82	%
Shares outstanding at end of year		69,758,938			59,300,472			49,844,796			49,690,059			49,589,607
Ratios/Supplemental Data⁽⁷⁾
Net assets at end of year (000’s)	$	160,665		$	151,309		$	138,672		$	244,595		$	225,427
Average net assets (000’s)	$	152,362		$	149,944		$	192,785		$	242,589		$	192,137	%
Ratio of expenses to average net assets		10.66	%		16.32	%		11.64	%		8.69	%		8.45	%
Ratio of net investment income to average net assets		17.35	%		18.25	%		10.73	%		6.64	%		10.26	%
Portfolio turnover rate⁽⁶⁾		33.66	%		3.85	%		17.09	%		11.09	%		23.72	%

(1) Represents per share net investment income for the period, based upon weighted average shares outstanding. (2) Net realized and unrealized gains include rounding adjustments to reconcile change in net asset value per share. (3) Management monitors available taxable earnings, including net investment income and realized capital gains, to determine if a tax return of capital may occur for the year. To the extent the Company’s taxable earnings fall below the total amount of the Company’s distributions for that fiscal year, a portion of those distributions may be deemed a tax return of capital to the Company’s stockholders. The ultimate tax character of the Company’s earnings cannot be determined until tax returns are prepared after the end of the fiscal year. (4) Total return based on market value equals the increase or decrease of ending market value over beginning market value, plus distributions, assuming distribution reinvestment prices obtained under the Company’s distribution reinvestment plan, excluding any discounts divided by the beginning market value per share. (5) Total return based on net asset value equals the increase or decrease of ending net asset value over beginning net asset value, plus distributions, divided by the beginning net asset value. (6) Portfolio turnover rate is calculated using the lesser of the annual investment sales and repayments of principal or annual investment purchases over the average of the total investments at fair value. (7) The following table provides supplemental performance ratios measured for the years ended December 31, 2024, 2023, 2022, 2021, and 2020:


	Year Ended December 31, 2024		Year Ended December 31, 2023			Year Ended December 31, 2022			Year Ended December 31, 2021			Year Ended December 31, 2020
	(Unaudited)
Ratio of expenses to average net assets:
Expenses before incentive fees	10.66	%		13.84	%		11.64	%		8.69	%		8.45	%
Net Investment Income Incentive Fees	—	%		2.47	%		—	%		—	%		—	%
Capital Gains Incentive Fees	—	%		—	%		—	%		—	%		—	%
Ratio of expenses, excluding interest expense, to average net assets	5.51	%		9.10	%		5.23	%		4.36	%		4.35	%

About Oxford Square Capital Corp.

Oxford Square Capital Corp. is a publicly-traded business development company principally investing in syndicated bank loans and, to a lesser extent, debt and equity tranches of collateralized loan obligation (“CLO”) vehicles. CLO investments may also include warehouse facilities, which are financing structures intended to aggregate loans that may be used to form the basis of a CLO vehicle.

Forward-Looking Statements

This press release contains forward-looking statements subject to the inherent uncertainties in predicting future results and conditions. Any statements that are not statements of historical fact (including statements containing the words “believes,” “plans,” “anticipates,” “expects,” “estimates” and similar expressions) should also be considered to be forward-looking statements. These statements are not guarantees of future performance, conditions or results and involve a number of risks and uncertainties. Certain factors could cause actual results and conditions to differ materially from those projected in these forward-looking statements. These factors are identified from time to time in our filings with the Securities and Exchange Commission. We undertake no obligation to update such statements to reflect subsequent events, except as may be required by law.

Contact:
Bruce Rubin
203-983-5280

The MIL Network –

March 1, 2025

MIL-OSI: SailPoint Announces Date of Fiscal Q4 and Full Year 2025 Earnings Conference Call

Source: GlobeNewswire (MIL-OSI)

AUSTIN, Texas, Feb. 28, 2025 (GLOBE NEWSWIRE) — SailPoint, Inc. (Nasdaq: SAIL), a leader in enterprise identity security, will report its fiscal fourth quarter and full year 2025 financial results before the US markets open on Wednesday, March 26, 2025.

SailPoint will host a conference call that day at 8:30 a.m. Eastern Time to discuss the results. A live webcast of the conference call and the financial results press release will be available on SailPoint’s website at https://investors.sailpoint.com.

An audio replay of the conference call will be available on the investor relations website for one year.

About SailPoint
SailPoint, Inc. (Nasdaq: SAIL) equips the modern enterprise to seamlessly manage and secure access to applications and data through the lens of identity – at speed and scale. As a category leader, we continuously reinvent identity security as the foundation of the secure enterprise. SailPoint delivers a unified, intelligent, extensible platform built to defend against today’s dynamic, identity-centric cyber threats while enhancing productivity and efficiency. SailPoint helps many of the world’s most complex, sophisticated enterprises create a secure technology ecosystem that fuels business transformation.

Investor Relations Contact
Scott Schmitz, SVP IR
ir@sailpoint.com

Media Relations Contact
Samantha Person, Senior Manager, Corporate Communications
Samantha.Person@sailpoint.com

The MIL Network –

March 1, 2025
MIL-OSI: Bitget Spreads Kindness This Ramadan by Providing 100,000 Meals to Those in Need

Source: GlobeNewswire (MIL-OSI)

VICTORIA, Seychelles, Feb. 28, 2025 (GLOBE NEWSWIRE) — Bitget, the leading cryptocurrency exchange and Web3 company, is partnering with world-renowned humanitarian organizations, including the UN Refugee Agency, UN World Food Programme, ShareTheMeal, and the One Billion Meals Endowment, to distribute up to 100,000 meals to individuals in need during Ramadan. This initiative targets vulnerable communities in regions facing significant challenges, aiming to alleviate hunger during the holy month.

Each meal will support families and individuals during the holy month. The effort is strengthened by contributions from the Bitget community, emphasizing collective action and compassion. To achieve the fundraising target, Bitget has introduced initiatives encouraging participation from users, VIP clients, and influencer partners.

Bitget will first pledge 10,000 meals to the people in need, followed by a series of Iftar dinners in key locations, including Dubai and Istanbul, fostering unity and philanthropy. Attendees can contribute through donations, with Bitget matching each dollar raised. Exclusive auctions featuring memorabilia from partnerships with La Liga will also contribute to the fundraising, and Bitget will direct all proceeds toward the cause. 100% of the proceeds will go towards the fundraiser.

“Ramadan is a time for generosity and unity,” said Vugar Usi Zade, COO of Bitget. “By leveraging our global network, we aim to create a meaningful impact in communities facing adversity. This initiative demonstrates kindness from the crypto space and aligns with our mission to drive positive change through collaborative efforts.”

The campaign, featuring the 10,000-meal pledge from Bitget, donation matching, and exclusive auctions, will be supported by local teams organizing community engagement events. It is set to launch on the first day of Ramadan, in alignment with the Islamic calendar.

About Bitget

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

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

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

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

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

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/a48343fc-044d-45ce-afe2-a4ff26395657

The MIL Network –

March 1, 2025
MIL-OSI United Kingdom: Council approves 2025/26 budget and sets out priorities to keep improving Manchester
Source: City of Manchester

Manchester City Council has today (Friday 28 February) set its budget for 2025/26 outlining its spending plans to deliver services, make lives better and improve the city.

The allocation of the £894 million revenue budget highlights the Council’s priorities, as well as the demands on services that councils across the country are seeing. In common with councils across the land, Manchester City Council remains under significant financial pressure as it grapples with the difficult legacy of 14 years of national Government cuts to our budgets. Manchester was one of the areas hardest hit by cuts in central Government funding and a Council Tax increase of 4.99% (2% of which is specifically earmarked to support adult social care) has been required to help balance the budget.

However, improved funding for 2025/26 under the new Government – which saw Manchester receive one of the biggest increases in the country – and indications that future funding will be more closely linked to challenges such as deprivation have left grounds for optimism.

The 2025/26 budget prioritises supporting those most in need with a significant spend on children and adults social services; helping residents out of poverty and support with the cost of living crisis; building new genuinely affordable homes and reducing homelessness; protecting and investing in Manchester’s libraries and leisure centres, investing in our 148 parks and green spaces; and investing in local neighborhoods and high streets. The council is allocating an extra £5 million to tackle fly tipping, clean up our streets and make sure the city is clean, green and tidy

Council Leader Cllr Bev Craig said:

“Our top priority is making sure that everything we do works towards making our city, and the lives of our residents, better. We’re pleased to be able to set a budget which continues to work hard for the people of Manchester – not just delivering the essential functions which they expect but also investing in making lives better and improving the city.

“We won’t forget the difficult cuts forced on us by previous governments since 2010 that left us £460 million worse off, but despite this we are putting residents first. From investing in new libraries and leisure centres, helping thousands of Mancunians with the cost of living crisis, expanding our youth offer, building much needed council and social housing to investing in neighborhoods and high streets right across the city, we will always spend what we have in a way that helps Manchester.

“Clean, green, safe and well maintained neighbourhoods are the bedrock of a great city, and that’s why we are investing an extra £5million in these much-needed services to reduce litter and flytipping that blights too many communities and make sure our streets are clean and tidy.”

Cllr Rabnawaz Akbar, Executive Member for Finance, said:

“It’s been a tough few years for local government finances and the impact of cuts since 2010 can’t be turned round overnight.

“But thanks to careful planning and taking some difficult decisions early, Manchester has withstood the buffeting and is able to bring forward positive plans for how we’ll use the spending power which we still have.”

Supporting the most vulnerable
- Providing assistance, support and protection to around 5,500 children (including 1,351 looked after children, 842 of them in foster care.)
- Supporting more than 3,500 vulnerable adults through care at home or residential placements, with thousands more benefitting from equipment and home adaptations to help them live independently.
- Supporting around 2,700 homeless households and helping others avoid becoming homeless
Providing good quality everyday services
- Carrying out 31 million waste collections a year and providing street cleaning and other environmental services.
- Maintaining and investing in almost 150 parks and other green spaces.
- Providing 23 libraries and 25 leisure centres.
- Maintaining almost 2,500 miles of roads and pavements.
Investing in the future of the city to make it an even better place to live
- Major regeneration schemes are progressing across the city – from the transformation of Wythenshawe Civic Centre in the south to the enormous opportunities being opened up in North Manchester through initiatives such as Victoria North and Holt Town.
- In the past year 600 new council, social and genuinely affordable homes were completed with another 1,500 on site and a further 1,450 with planning permission in the pipeline.
Continuing to lend a helping hand to people struggling with the cost-of-living while tackling the underlying causes of poverty.
- Last year alone we spent £42m on measures to tackle poverty and support Mancunians with the cost of living.
MIL OSI United Kingdom –
March 1, 2025
MIL-OSI United Kingdom: Budget delivers investment in frontline services to residents
Source: City of Liverpool

Liverpool City Council is set to invest an additional £15.3 million in the delivery of frontline services for residents over the coming year.

The Council’s ‘core spending power’ – the Government’s measure of how much local authorities have to spend – has increased by 10.3 per cent in cash terms as a result of Government funding and a proposed Council Tax increase of 4.99 per cent.

The Council is to benefit from a £20 million Government ‘recovery grant’ to help areas with greater deprivation and need.

The budget includes an extra £1.5 million for neighbourhood services to help tackle issues such as flytipping, street cleansing and blight.

The aim is to build on improvements which have seen a 25 per cent drop in complaints about street cleansing and weeding over the last year.

Changes have included regular maintenance, litter picking and cleansing at 58 new locations, including central reservations, roundabouts and traffic islands; additional litter picks in areas including Kirkdale, Anfield, Picton and Dingle; and monthly cleansing of 850 communal bin stations.

There is also £500k for the School Streets programme to improve road safety around primary schools.

An additional £52 million is being set aside to deal with increased demand for adult and children’s social care, temporary housing and home to school transport. The Council has a legal duty to provide adult and children’s services, and they account for 63 per cent of spending.

The Council’s financial resilience has been boosted thanks to an improvement programme which has increased the cash total of Council Tax collected in-year by 13 per cent, reduced arrears by £18 million and cut Business Rates debt by £5.3 million.

In addition, a review of single person Council Tax discount has increased the amount of Council Tax that can be collected by £1.8 million, and changes to empty property premiums is bringing in an additional £8 million per year.

We have also:
- Reduced the time taken for an invoice to be paid from 51 to 38 days
- Cut the amount of debt owed to the Council by £10.7 million in the last quarter,
- Rolled out electronic invoicing to save on postage.
The Benefit Maximisation Team has increased income for the most vulnerable households by £7,643,529 – up £433,583 compared to January 2024, and in this budget its staffing will be increased by 50 per cent.

Council Leader, Cllr Liam Robinson, said: “This is the most positive budget we have been able to present for some time due to the new government giving greater certainty to councils including future multi-year settlements and a bigger share of funding towards cities like Liverpool.

“The budget continues our investment in the issues we know local people care about such as street cleansing, waste management and improving recycling rates, which is why we are bringing these services back in-house.

“Like all councils, we continue to face real pressures in areas such as adult and children’s social care, temporary housing and home to school transport, and will continue to work with sector partners to suggest longer term solutions to the Government.“

Deputy Council Leader and Cabinet Member for Finance, Resources and Transformation, Councillor Ruth Bennett, said: “We are continuing to make great strides in improving our own financial management to drive up income and make the most of every pound. This is helping manage the demand pressures we face in areas such as social care.

“This rigorous approach is increasing Council Tax collection levels, reducing outstanding Business Rates and cutting the amount of outstanding debt we are owed. “We are determined to become a financially resilient organisation which provides services that are sustainable in the long-term.”

At the Budget Council meeting on Wednesday 5 March, councillors will be asked to approve a rise of 4.99 per cent in Council Tax, including two per cent ringfenced for adult social care. The majority of households in Liverpool – 59 per cent – live in Band A properties, and will see the charge for the council services element of their bill rise by £84.04 per year.
MIL OSI United Kingdom –
March 1, 2025
MIL-OSI USA: Crypto 2.0: Regulatory Whiplash

Source: Securities and Exchange Commission

[1]Today the Commission moved the Court to dismiss its enforcement action against Coinbase, a crypto trading platform. This reverse-course midstream – coupled with recent high-profile stays of other litigations – is not only unprecedented, it ignores 80 years of well-established law. We say we are dismissing the action because of future recommendations that may be made by the “crypto task force dedicated to helping the Commission develop the regulatory framework for crypto assets.”[2] But, whatever the law may be tomorrow, market participants should not be able to avoid the law as it stands today.

The Commission has brought numerous actions to enforce the securities laws with respect to crypto assets since their advent, during both Republican and Democratic administrations.[3] And, court after court has upheld the Commission’s jurisdiction in this space.[4] In fact, in the Coinbase matter the Commission moved to dismiss today, the court had found that the Commission adequately pleaded violations of the securities laws. The court explained that: “[t]he SEC has a long history of proceeding through [enforcement] actions to regulate emerging technologies and financial instruments within the ambit of its authority as defined by cases like Howey[.] Using enforcement actions to address crypto-assets is simply the latest chapter in the long history of giving meaning to the securities laws through iterative application to new situations.”[5] The court also held that “the challenged transactions fall comfortably within the framework that courts have used to identify securities for nearly eighty years.”[6] The Commission’s action today blithely tosses aside that body of precedent.

I have heard many say that the industry craves legal clarity. Today’s action results in less clarity. I have and will continue to work with participants who seek to operate within the securities laws. Or, should the Commission enact new regulations or Congress change the law, we can progress down a different path. But until that time, we have a framework in place and that framework should be applied and enforced equally as to all participants.

Far from clarity, today’s action creates more uncertainty. What exactly is the law as it applies to crypto assets? How can we pursue fraudulent conduct in this space while casting doubt on our regulatory jurisdiction? Are we eroding our ability to police fraudulent Ponzi[7] schemes? Are we poised to give special treatment to crypto assets over traditional assets, or even other emerging assets? What effects will this have on our traditional markets and financial instruments? The newly created crypto task force may intend to make recommendations to answer some of these questions, but we do not have any legally enforceable answers yet. In fact, the most salient change to date has been this retreat from enforcement of the securities laws with respect to crypto.[8] Or, “regulation by non-enforcement.”

It may well be that “environments in which the law is unclear are havens for bad actors,”[9] but wholesale failure to enforce the law seems worse. There are well known risks in this industry ̶ fraud and manipulation, money laundering, national security concerns, volatility, and retail investor losses ̶ just to name a few.[10]

Lastly, today’s action undermines the credibility of our Division of Enforcement. It creates the specter that the agency will deploy its enforcement resources in conjunction with election cycles or in favor of those with means. This invites criticism that our agency is politicized and sows distrust in government. Our agency’s job is to do what is right for investors, issuers, and capital markets. This is not it.

[1] The views that I express are my own as a Commissioner and not necessarily those of the SEC or staff (and are decidedly not those of my current fellow Commissioners).

[4] See e.g., SEC v. Binance, Plaintiff Securities and Exchange Commission’s Memorandum of Law in Opposition to Defendants’ Motion to Dismiss the Amended Complaint, 23-cv-01599-ABJ-ZMF, ECF No. 290, at 9-10 (D.D.C. Dec. 4, 2024) (discussing Commission claims “premised solely on secondary market transactions in crypto assets” and that “many courts have allowed a variety of securities laws claims to proceed on such claims,” and citing SEC v. Coinbase,726 F. Supp. 3d 260 (S.D.N.Y. 2024); SEC v. Payward Ventures, Inc., 2024 WL 4511499 (N.D. Cal. Aug. 23, 2024); SEC v. Wahi, 2024 WL 896148 (W.D. Wash. Mar. 1, 2024); Harper v. O’Neal, 2024 WL 3845444, (S.D.Fla. Aug. 16, 2024); Dufoe v. DraftKings Inc., 2024 WL 3278637 (D.Mass. July 2, 2024); In re Ripple Labs Inc., 2024 WL 3074379 (N.D. Cal. Jun. 20, 2024); Patterson v. Jump Trading, 710 F. Supp. 3d 692 (N.D. Cal. 2024); Barron v. Helbiz Inc., 2021 WL 229609 (S.D.N.Y. Jan. 22, 2021), vacated on other grounds, 2021 WL 4519887 (2d Cir. Oct. 4, 2021); Samuels v. Lido DAO, 2024 WL 4815022 (N.D. Cal. Nov. 18, 2024); Hardin v. Tron Found., 2024 WL 4555629 (S.D.N.Y. Oct. 23, 2024); Houghton v. Leshner, 2023 WL 6826814 (N.D. Cal. Sept. 20, 2023); Owen v. Elastos Found., 2021 WL 5868171 (S.D.N.Y. Dec. 9, 2021)). See also Gurbir Grewal, What’s Past is Prologue: Enforcing the Federal Securities Laws in the Age of Crypto (July 2, 2024) (stating “in every case, where federal courts have had to determine whether there were “securities” at issue, the courts have applied the Howey test—looked at the economic realities of the offerings, and, even though the offerings at issue involved supposedly novel technologies, rejected defense arguments that they were not securities” and citing multiple cases in footnotes 26 and 66, including SEC v. LBRY, 639 F. Supp. 3d 211 (D.N.H. 2022); SEC v. Kik Interactive Inc., 492 F. Supp. 3d 169 (S.D.N.Y. 2020); SEC v. Telegram Group Inc., 448 F. Supp. 3d 352 (S.D.N.Y. 2020); SEC v. Blockvest, LLC, 18-CV-2287-GPB(BLM), 2019 WL 625163 (S.D. Cal. Feb. 14, 2019); SEC v. Terraform Labs, No. 23-cv-1346-JSR, 2023 U.S. Dist. LEXIS 230518 (S.D.N.Y. Dec. 28, 2023)).

[5] SEC v. Coinbase, Opinion and Order, 23-cv-4738, ECF No. 105, at p. 34.

[6] Id. at p. 2.

[7] U.S. Securities and Exchange Commission, Investor.gov, Ponzi Scheme (explaining that “[a] Ponzi scheme is an investment fraud that pays existing investors with funds collected from new investors… With little or no legitimate earnings, Ponzi schemes require a constant flow of new money to survive. When it becomes hard to recruit new investors, or when large numbers of existing investors cash out, these schemes tend to collapse.”) (last visited Feb. 27, 2025).

[8] It seems likely that we will continue down this path. See Commissioner Hester M. Peirce, The Journey Begins (Feb. 4, 2025) (launching a “journey” that will result in the Crypto Task Force “determining how to best disentangle all these strands, including ongoing litigation.”).

[10] In fact, on the same day that Coinbase filed a Form 8-K announcing that it had reached an agreement in principle with Commission staff to dismiss the litigation against it, another crypto exchange announced a hack with losses estimated at nearly $1.5 billion, reportedly the largest in crypto history. See David Yaffe-Bellany, Banner Day For Crypto Takes a Turn, N.Y. Times, Feb. 24, 2025; see also Chainalysis, The 2025 Crypto Crime Report (Feb. 2025) (reporting on the “rising role of cryptocurrency in all forms of crime” and noting that “[a]lthough illicit activity on-chain previously revolved heavily around cybercrime, cryptocurrency is now also being used to fund and facilitate all kinds of threats, ranging from national security to consumer protection. As cryptocurrency has gained greater acceptance, illicit on-chain activity, too, has become more varied. For example, some illicit actors primarily operate off-chain, but move funds on-chain for laundering.”); Federal Bureau of Investigation, 2023 Cryptocurrency Fraud Report Released (Sept. 10, 2024) (reporting that “[l]osses related to cryptocurrency fraud totaled over $5.6 billion in 2023, a 45% increase in losses since 2022” and that “[t]he number of complaints from the public regarding cryptocurrency fraud continues to steadily increase, reaching 69,000 in 2023.”); Gurbir Grewal, What’s Past is Prologue: Enforcing the Federal Securities Laws in the Age of Crypto (July 2, 2024) (describing how investors in crypto are being harmed); SEC Office of Investor Education and Advocacy, 5 Ways Fraudsters May Lure Victims Into Scams Involving Crypto-Asset Securities – Investor Alert (Feb. 29, 2024) (issuing an alert “because fraudsters continue to exploit the popularity of crypto assets to lure retail investors into scams”); U.S. Securities and Exchange Commission, Office of Investor Education and Advocacy, Exercise Caution with Crypto Asset Securities: Investor Alert (Mar. 23, 2023) (urging investors to be cautious if investing in crypto asset securities because, among other things, they “can be exceptionally volatile and speculative” and “the risk of loss for individual investors…remains high.”).

MIL OSI USA News –

March 1, 2025
MIL-OSI: AGM Group Holdings Inc. Announces Strategic Partnership with HashBeaver to Drive Blockchain and AI Innovation

Source: GlobeNewswire (MIL-OSI)

Beijing, Feb. 28, 2025 (GLOBE NEWSWIRE) — AGM Group Holdings Inc. (“AGM Holdings” or the “Company”) (NASDAQ: AGMH), an integrated technology company specializing in the assembling and sales of high-performance hardware and computing equipment, announced today a strategic partnership agreement (the “Agreement”) with HashBeaver, a cloud mining platform in the digital currency financial sector. This collaboration aims to join AGM Holdings’ mining resources in Canada alongside HashBeaver’s expertise in computing power services to advance innovations in Bitcoin mining and artificial intelligence (“AI”) services.

The partnership marks a pivotal step in AGM Holdings’ strategy for sustainable growth and technological leadership. By integrating AGM Holdings’ robust infrastructure with HashBeaver’s innovative cloud mining solutions, the collaboration will focus on 1) increasing the scale and efficiency of Bitcoin mining operations; 2) developing AI-driven blockchain solutions; and 3) promoting sustainable and transparent practices within the industry.

Pursuant to the Agreement, AGM Holdings and HashBeaver agree to harness AGM Holdings’ abundant mining resources in Canada to support large-scale Bitcoin mining initiatives. The partnership also plans to expand HashBeaver’s cloud computing capabilities to meet growing demand for sustainable and efficient solutions. Furthermore, the two companies aim to develop innovative AI and blockchain applications for diverse industries.

Preliminary estimates suggest that the partnership could generate over 2 Exahash (EH)/s of additional computing power, significantly boosting both companies’ operational capacity.

Dr. Zhu Bo, CEO of AGM Holdings, commented, “This partnership represents a significant milestone in AGM’s journey towards sustainable growth and innovation. By collaborating with HashBeaver, we believe we are well poised to deliver groundbreaking solutions in blockchain and AI, creating substantial value for both our shareholders and clients.”

Harry Li, CEO of HashBeaver, added, “We are excited to join forces with AGM Holdings to enhance our cloud mining offerings and drive technological advancements in the blockchain space. This partnership will unlock new opportunities and fuel exceptional growth in the digital asset industry.”

About HashBeaver

HashBeaver is engaged in cloud mining services, dedicated to revolutionizing the digital currency landscape. The company provides solutions for digital asset management, catering to both individual and institutional clients. As a recipient of strategic investment from MinerVa Semiconductor, a cryptocurrency mining hardware manufacturer, HashBeaver continues to push the boundaries of innovation in computing power services. HashBeaver’s mission is to build secure, transparent, and compliant blockchain infrastructures. Through its global operations and strong emphasis on sustainability, HashBeaver empowers clients to achieve efficient and profitable digital asset management.

About AGM Group Holdings Inc.

AGM Group Holdings Inc. (NASDAQ: AGMH) is an integrated technology company specializing in the assembling and sales of high-performance hardware and computing equipment. With a mission to become a key participant and contributor in the global blockchain ecosystem, AGMH focuses on the research and development of blockchain-oriented Application-Specific Integrated Circuit (ASIC) chips, the assembling and sales of high-end crypto miners for Bitcoin and other cryptocurrencies. For more information, please visit www.agmprime.com.

Forward-Looking Statements

Certain statements in this announcement are forward-looking statements. 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. Investors can identify these forward-looking statements by words or phrases such as “approximates,” “assesses,” “believes,” “hopes,” “expects,” “anticipates,” “estimates,” “projects,” “intends,” “plans,” “will,” “would,” “should,” “could,” “may” or 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 you that such expectations will turn out to be correct, and 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 U.S. Securities and Exchange Commission.

For more information, please contact:

AGM Group Holdings Inc.
Email: ir@agmprime.com
Website: http://www.agmprime.com

Ascent Investor Relations LLC
Tina Xiao
President
Phone: +1-646-932-7242
Email: investors@ascent-ir.com

The MIL Network –

March 1, 2025

Eddy Cocciollo President 647-403-7320 eddy@dlc.ca		James Bell EVP, Corporate and Chief Legal Officer 403-560-0821 jbell@dlcg.ca


Investor Relations:	1-877-478-2372	Local: 416-304-4443	www.financial15.com	info@quadravest.com

Category: Finance

Deputy Prime Minister speech at Convention of the North

Updates to this page

Backgrounder

Prince Albert RCMP asks public to report sightings of grey truck

Council Leader Cllr Bev Craig said:

Cllr Rabnawaz Akbar, Executive Member for Finance, said:

Supporting the most vulnerable

Providing good quality everyday services

Investing in the future of the city to make it an even better place to live

Continuing to lend a helping hand to people struggling with the cost-of-living while tackling the underlying causes of poverty.