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Category: GlobeNewswire

  • MIL-OSI: Wix Further Expands into Vibe Coding with Acquisition of Base44, a Hyper-Growth Startup that Simplifies Web and App Creation with AI

    Source: GlobeNewswire (MIL-OSI)

    Base44 delivers effortless, code-free digital creation through an intuitive, conversational AI experience, which is expected to expand Wix’s reach to new audiences worldwide

    NEW YORK— Today Wix.com Ltd. (Nasdaq: WIX), the leading SaaS website builder platform globally1, announced its acquisition of Base44, an AI-powered platform that enables anyone to create fully-functional, custom software solutions and applications using natural language, without the need for traditional coding. The acquisition adds a powerful new arm to Wix’s AI portfolio, expanding its suite of intelligent solutions that empower anyone to build and grow online. 

    The tech landscape is undergoing a major transformation as vibe coding gains momentum, shifting creation from manual development to intent-driven software development. This new approach allows people to simply express what they want to build, while intelligent agents do the heavy lifting. As demand grows for tools that turn ideas into reality through conversation and intuition rather than code, Wix is working to make the digital world more accessible and creative than ever before. Read CEO Avishai Abrahami’s blog about his vision and the way Wix is shaping this future here.

    Base44’s unique approach offers a fully automated, chat-based interface that manages technical details behind the scenes, from databases and authentication to deployment – removing the need for third-party integrations or manual setup. This groundbreaking approach opens the door for anyone, regardless of technical expertise, to create production-ready, scalable applications quickly and effortlessly. With proven traction in the market, including B2B partnerships with leaders like eToro and SimilarWeb, Base44 is a powerful addition to the Wix AI portfolio – furthering the company’s mission to make innovation accessible to creators and businesses worldwide.

    “This acquisition marks a pivotal milestone in Wix’s commitment to transforming creation online,” said Avishai Abrahami, CEO and Co-founder of Wix. “Maor and his team at Base44 bring cutting-edge technology, strong market penetration, and visionary leadership that seamlessly align with Wix’s dedication to enabling users at all levels of expertise to express their intent while intelligent agents manage execution. Maor’s exceptional talent and innovative mindset will reinforce Wix’s mission to push the boundaries of AI-driven creation and  accelerate the evolution of intuitive, intelligent tools that redefine how digital experiences are built and enjoyed.”

    “I honestly can’t think of a better fit. Wix is probably the only company that can help Base44 achieve the scale and distribution it needs while maintaining, if not accelerating, our product velocity,” said Maor Shlomo, CEO of Base44. “Our market is massive. It has the potential to replace entire software categories by enabling people to create software instead of buying it. Wix’s DNA – its customer obsession, innovation, and speed – perfectly aligns with ours, and its scale will catapult Base44 forward at exactly the right time.”

    Base44 will continue to operate as a distinct product and business, maintaining its unique identity and momentum while benefiting from the scale and support of Wix.

    Transaction Terms

    Under the terms of the agreement, Wix acquired Base44 for initial consideration of approximately $80 million plus additional earn-out payments paid through 2029 predicated upon certain performance metrics.

    We expect this transaction to have an inconsequential contribution to 2025 bookings and revenue. We expect to incur approximately $25 million in retention bonus payments paid to Base44 employees in 2025 as part of the above initial consideration paid on the transaction, which will be excluded from non-GAAP and free cash flow (FCF) results.

    About Wix.com Ltd.

    Wix is the leading SaaS website builder platform1 to create, manage and grow a digital presence. Founded  in 2006, Wix is a comprehensive platform providing users – self-creators, agencies, enterprises, and more – with industry-leading performance, security, AI capabilities and a reliable infrastructure. Offering a wide range of commerce and business solutions, advanced SEO and marketing tools, the platform enables users to take full ownership of their brand, their data and their relationships with their customers. With a focus on continuous innovation and delivery of new features and products, users can seamlessly build a powerful and high-end digital presence for themselves or their clients. 

    For more about Wix, please visit our Press Room
    Media Relations Contact:  PR@wix.com  

    1 Based on number of active live sites as reported by competitors’ figures, independent third-party data and internal data as of Q1 2025.

    About Base44
    Base44 is an innovative AI-powered platform that enables users to build custom software applications effortlessly using natural language, eliminating the need for traditional coding. Founded with a vision to democratize software creation, Base44 combines cutting-edge AI technologies—including code generation and multi-agent orchestration—to empower self-creators, developers, and businesses to rapidly design, deploy, and scale tailored digital solutions. With a growing user base and a focus on seamless, intuitive experiences, Base44 drives the future of no-code development by unlocking new levels of creativity and efficiency for a diverse range of users.

    Forward-Looking Statements

    This document contains forward-looking statements, within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties. Such forward-looking statements may be identified by words like “anticipate,” “assume,” “believe,” “aim,” “forecast,” “indication,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,” “subject,” “project,” “outlook,” “future,” “will,” “seek” and similar terms or phrases. The forward-looking statements contained in this document are based on management’s current expectations, which are subject to uncertainty, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Important factors that could cause our actual results to differ materially from those indicated in the forward-looking statements include, among others, our ability to achieve the expected benefits from the acquisition of Base44, our ability to attract and retain registered users and partners, and generate new premium subscriptions and additional business solutions as we continuously adjust our marketing strategy and customer care; maintenance of our brand and reputation, and generation of revenue from sources other than premium subscriptions; risks associated with international operations and the use of platform in various countries; risks related to the macroeconomic environment and ongoing global conflicts; security risks and payment risks and fluctuations in foreign currency exchange rates; failures of third-party hardware, software and infrastructure on which we rely, or failure to manage the operation of our infrastructure; adverse market conditions, including inflation, interest rates and other adverse developments that may adversely affect our cash balances and investment portfolio; our history of operating losses and inability to achieve sustained profitability; downturns or upturns in sales are not immediately reflected in full in our operating results; our ability to repurchase our ordinary shares and/or 0.00% Convertible Senior Notes due 2025 pursuant to our repurchase program; our ability to raise capital when needed or on acceptable terms; risks related to acquisitions and investments, pricing decisions, pandemics, natural disasters and other catastrophic events; our ability to develop and introduce new products and services, as well as maintain third-party products and our ability to keep up with rapid changes in design and technology; our ability to attract and retain qualified employees and key personnel; our ability to attract a diversified customer base and increased competition; our ability to maintain compatibility of our platform and solutions with changes in third-party applications and changes to technologies used in our solutions; our ability to acquire and service small business users; risks related to security breaches and unauthorized access to data or cyberattacks; our expectation regarding the uncertain future relationship between the United States and other countries with respect to trade policies, taxes, government regulations, and tariffs; our ability to comply with the regulations applicable to our operations, including new governmental regulations regarding the internet, consumer protection, artificial intelligence (“AI”), privacy and data protection laws and regulations, as well as contractual privacy and data protection obligations; risks relating to intellectual property, including infringements, litigation and claims, and our ability to maintain and protect our intellectual property rights and proprietary information; our expectations regarding the outcome of any regulatory investigation or litigation, including class actions; risks related to the development and integration of AI, generative AI, agentic AI, machine learning, and similar tools into our offerings, and compliance with the regulatory environment impacting AI and AI-related activities; risks related to activities of registered users or content of their websites, and risks related to domain names and industry regulations; risks related to compliance with laws and regulations, including those related to economic sanctions, tariffs, export controls, anti-corruption and anti-money laundering, antitrust, and consumer protection, and changes in these laws and regulations; risks related to tax, including application of indirect taxes, tax laws, changes in tax laws or changes in provision for income tax and examination of income tax returns; risks related to ordinary shares, activist shareholders, and our status as a foreign private issuer; risks related to our incorporation and location in Israel, including conflicts in the area; our expectations regarding future changes in our cost of revenues and our operating expenses on an absolute basis and as a percentage of our revenues; our planned level of capital expenditures and our belief that our existing cash and cash from operations will be sufficient to fund our operations for at least the next 12 months and for the foreseeable future; and our ability to enter into new markets and attract new customer demographics, including our ability to successfully attract new partners and large enterprise-level users and to grow our activities, including through the adoption of our Wix Studio product, with these customer types as anticipated and other factors discussed under the heading “Risk Factors” in the Company’s annual report on Form 20-F for the year ended December 31, 2024 filed with the Securities and Exchange Commission on March 21, 2025. The preceding list is not intended to be an exhaustive list of all of the risks that may impact our forward-looking statements. Any forward-looking statement made by us in this press release speaks only as of the date hereof. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. We undertake no obligation to publicly update any forward-looking statements, whether as a result of new information, future developments or otherwise.

    Attachment

    The MIL Network –

  • MIL-OSI: Moomoo Gears Up to Celebrate New York Mets’ 50th Victory with a $20,000 Fan Giveaway, Announces 25th Win Prize Recipient with $10,000

    Source: GlobeNewswire (MIL-OSI)

    JERSEY CITY, N.J., June 18, 2025 (GLOBE NEWSWIRE) — Moomoo, a global investment and trading platform, is getting ready to celebrate with New York Mets fans with a $20,000 giveaway as the Mets approach the exciting 50th win of the 2025 MLB season. Moomoo also congratulates the Mets on achieving their 25th win by giving $10,000 to the sweepstakes winner – H Smith from Queens, New York. This milestone also activated the first major prize in moomoo’s season-long fan engagement campaign.

    As part of the strategic partnership with the Mets, moomoo pledged to contribute $10,000 to a special prize fund for every team victory. With the Mets reaching 25 wins, H Smith becomes the first moomoo user to win the first prize of this ongoing sweepstakes. As the season progresses, subsequent milestone achievements including 50, 75, and 100 wins will lead to increased prizes for each milestone and a potential $1 million grand prize for a lucky moomoo investor.

    At this time, fans are encouraged to create their moomoo account and make a qualifying deposit soon for a chance to win the $20,000 prize after the team records its 50th win.

    “We’re excited to officially kickoff the prize portion of this special partnership with the Mets, and reward Mets fans and moomoo users by creating special experiences like this,” said Neil McDonald, moomoo US’s CEO. “Our partnership with the Mets aims at creating memorable experiences for fans and investors alike and we can’t wait to see what the rest of the season will bring.”

    In addition to the cash awards, moomoo will host Moomoo Mondays at Mets games: every Monday home game during the 2025 regular season moomoo will be giving away up to 500 free tickets to fans. To be eligible, fans will simply show the moomoo Monday Mets ticket offer on their moomoo app at the Mets Box Office at the ballpark. Each Monday, fans can expect prizes and surprises during their Citi Field experience, including free promotional items.

    About moomoo
    Moomoo is a leading global investment and trading platform dedicated to empowering investors with user-friendly tools, data, and insights. Our platform is designed to provide essential information and technology, enabling users to make more-informed investment decisions. With advanced charting tools, pro-level analytical features, moomoo evolves alongside our users, fostering a dynamic community where investors can share, learn, and grow together.
    Founded in the U.S., moomoo operates globally, serving investors in countries such as the US, Singapore, Australia, Japan, Canada and Malaysia. As a subsidiary of a Nasdaq-listed Futu Holdings (FUTU), we take pride in our role as a global strategic partner of the Nasdaq, earning numerous international accolades from renowned industry leaders such as Benzinga and Fintech Breakthrough. Moomoo has also received multiple awards in the US, Singapore, and Australia for its innovative, inclusive approach to investing.

    For more information, please visit moomoo’s official website at www.moomoo.com or feel free to email us: pr@us.moomoo.com.

    Purchase will not improve chances of winning. Void where prohibited. 18+. Open to permanent legal U.S. residents residing in NY, NJ, CT, or PA. Starts 4/4/2025. Various deadlines may apply. Entries must be received by 11:59 pm ET on 9/28/2025 or earlier if the Mets win 100 games. Enter for free at Free entry link. Prize restrictions apply. For details/Official Rules visit bit.ly/moomoomillion_Rules

    The Mets are not affiliated with moomoo or its affiliates. Moomoo is a financial information and trading app offered by Moomoo Technologies Inc. Securities offered through Moomoo Financial Inc., Member FINRA/SIPC. Investing is risky.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/3d63025a-3e11-40b6-9a13-20cfa71d5a5e

    The MIL Network –

  • MIL-OSI: Rate Insurance Awarded Platinum Level 2025 Bell Seal Award for Workplace Mental Health

    Source: GlobeNewswire (MIL-OSI)

    CHICAGO, June 18, 2025 (GLOBE NEWSWIRE) — Rate Insurance, LLC, a subsidiary of Rate and one of the fastest-growing national personal lines and small commercial insurance brokers, has been awarded the Platinum Level 2025 Bell Seal for Workplace Mental Health by Mental Health America (MHA).

    This certification recognizes Rate Insurance’s commitment to fostering a mentally healthy work environment through thoughtful, employee-driven change. The company earned this distinction by listening to employee feedback collected through company-wide surveys and acting on that input, restructuring its management approach, and introducing a dedicated role focused on improving workplace culture.

    “Earning the Bell Seal certification means a great deal to us,” said Jeff Wingate, President of Rate Insurance. “It reminds us that investing in mental health and support is essential to building a workplace where everyone can grow and feel valued. This recognition encourages us to keep strengthening our commitment to every individual’s well-being.”

    Rate Insurance joins a select group of organizations recognized in 2025 for prioritizing mental health. This year, 359 eligible employers across 21 industries and 40 states evaluated their policies and practices impacting employee mental health and well-being. The Bell Seal is MHA’s national employer certification program, awarded at bronze, silver, gold, and platinum levels.

    Learn more and view the full list of recipients here: https://mhanational.org/bell-seal-certification/bell-seal-recipients/

    About Rate Insurance
    Rate Insurance is a national insurance brokerage licensed in all 50 states that offers comprehensive personal, commercial, specialty, and life insurance products. Founded in 2008 and owned by Guaranteed Rate d/b/a Rate, operating as Guaranteed Rate, Inc. in New York, Rate Insurance has been recognized as a Top 50 Personal Lines Agency and a Top 100 Property & Casualty Agency in the U.S. Additionally, the company has been honored as the 2023 Agent for the Future, Outstanding Overall Agency Award winner.

    Rate Insurance has built a reputation for exceptional customer service, as demonstrated by its 4.9-star rating from over 3.5k Google-verified reviews. Combining a growing team of insurance agents and a cutting-edge digital platform, Rate Insurance leverages its relationships with over 100 top-rated insurance carriers to provide customers with competitive rates and a personalized shopping experience. For more information, visit rate.com/insurance.

    © Rate Insurance, LLC is licensed in all 50 states (d/b/a Rate Insurance Agency, LLC in California (License 0K09890), Michigan, Minnesota, North Dakota, New York, and Texas).

    Media Contact

    press@rate.com

    The MIL Network –

  • MIL-OSI: NexQloud Closes $2.3M Pre-Seed Round, Surpasses 1,850 NanoServers Deployed, Outpaces Traditional Data Centers in Efficiency—and Pursues FedRAMP for Public Sector Expansion

    Source: GlobeNewswire (MIL-OSI)

    PALO ALTO, Calif., June 18, 2025 (GLOBE NEWSWIRE) — NexQloud, a startup in decentralized cloud computing infrastructure, today announced the successful close of its $2.3 million Pre-Seed funding round under a Reg CF exemption. The raise, completed with fully audited financials, marks a significant milestone and confirms market appetite for decentralized computing solutions that reward individuals and organizations for contributing their hardware to the cloud.

    The company now enters a new phase of growth, backed by a 12-month runway and plans to launch a $5 million Seed Round to accelerate proof of market fit for its Distributed Kubernetes Service (DKS) and expand into three additional cloud service verticals designed to serve the growing demand from AI organizations, SaaS providers, and DevOps teams.

    “This funding validates what we’ve always believed — that the future of cloud computing is decentralized, energy efficient, and eco-friendly,” said Mauro Terrinoni, CEO of NexQloud. “With over 1,850 NanoServers live, we’ve demonstrated not only demand but global scalability. Now, we’re focused on unlocking enterprise and federal adoption with even greater ambition.”

    1,850+ NanoServers Now Deployed Across 10 Countries

    Since its last milestone announcement of 1,250 units, NexQloud has rapidly expanded to over 1,850 NanoServers across ten countries, including the United States, United Kingdom, Canada, Belgium, Australia, Vietnam, Switzerland, Germany, India, and Jamaica. This marks a 48% growth since its last update, demonstrating strong contributor momentum and global adoption.

    Built on mobile CPU architecture, each NanoServer operates with just 12% of the energy consumed by traditional rackmount servers. The result: 88% energy savings with identical computational performance. These energy-efficient devices operate 24/7 with minimal cooling or infrastructure overhead, creating a sustainable, community-powered alternative to centralized data centers.

    To date NexQloud’s Distributed Compute Platform (DCP) now comprises:

    • 54,820 virtual CPUs (vCPUs) — powering compute-intensive enterprise workloads
    • 158.83 terabytes of RAM — supporting large-scale, memory-driven applications
    • 849 AI-capable GPUs — enabling real-time machine learning, inference, and analytics

    NexQloud’s DCP Matches Enterprise Data Center Power—Without the Real Estate

    To contextualize the scale of its current infrastructure, NexQloud’s DCP now delivers the performance equivalent of a mid-sized enterprise-grade data center, comprising approximately 70 traditional server racks. The platform can support between 500,000 and 750,000 concurrent users for web-based applications, while simultaneously powering tens of thousands of containerized workloads across its Distributed Kubernetes Service (DKS).

    In addition, NexQloud’s GPU infrastructure can support hundreds of parallel AI inference, training, and rendering tasks, enabling enterprise-scale AI computing at a fraction of typical cost. Remarkably, this level of compute was achieved without building a single data center— and with new devices coming online daily, NexQloud’s DCP will continue to grow in scale and resilience.

    Eliminating Infrastructure Costs, Saving Energy, Reducing Emissions

    If built traditionally, this infrastructure would require an estimated $7.5 million in capital expenditures. NexQloud eliminates these costs entirely by leveraging decentralized ownership and contributor-operated devices, with the potential to deliver:

    • Annual electricity savings: Over 6.94 million kWh, equal to $832,550 in avoided energy costs
    • CO₂ emissions avoided: Approximately 2,895 metric tons per year, equivalent to removing 640 cars from the road
    • Environmental impact: Comparable to planting 133,000 mature trees annually

    “This is more than cloud infrastructure — it’s a major shift in how compute is produced, powered, and rewarded,” added Terrinoni. “With the theoretical ability to add millions of devices, we are poised to do for computing what the internet did for information —decentralize it, distribute it, and redefine it.”

    Pursuing FedRAMP to Unlock Government Cloud Contracts

    Lastly, the company announces its intent to pursue FedRAMP certification to unlock opportunities with U.S. government agencies. As one of the largest consumers of traditional cloud infrastructure, the U.S. government represents a high-value target. NexQloud’s pursuit of FedRAMP is a strategic move to access public sector contracts and expand into one of the most regulated and defensible segments of the cloud market.

    About NexQloud

    NexQloud is redefining cloud infrastructure by combining blockchain, AI, and a global network of energy-efficient NanoServers into a scalable, secure, and environmentally responsible computing platform. Through its NXQ token economy and Distributed Kubernetes Service (DKS), NexQloud offers individuals and enterprises an inclusive alternative to centralized hyperscale providers.

    Media Contact:
    Mauro Terrinoni, CEO
    Email: mterrinoni@nexqloud.io
    Phone: +1 669 241 0916
    Website: www.nexqloud.io

    The MIL Network –

  • MIL-OSI: Incorta Connect + Databricks: Delivering Frictionless ERP Data Without ETL Complexity

    Source: GlobeNewswire (MIL-OSI)

    FOSTER CITY, Calif., June 18, 2025 (GLOBE NEWSWIRE) — Incorta, the only data integration platform that takes away the pain of ETL processes, is bringing its power to Databricks – expanding its ecosystem of supported platforms, including Snowflake and Google Cloud. This underscores Incorta’s commitment to modernizing data infrastructure by delivering real-time, analytics-ready data, without the cost, complexity, or delays of traditional ETL processes.

    With Incorta Connect, Databricks users can access detailed ERP data in days rather than months, avoiding costly transformation processes. Incorta Connect delivers live, transaction-level data directly from complex systems like Oracle and SAP, providing a trusted data foundation for AI model training, forecasting, and augmented analytics—all without sacrificing granularity or speed.

    “Databricks is a powerful platform for AI, but moving ERP data into it has traditionally been slow, complex, and expensive,” said Ashwin Warrier, VP and Head of Product at Incorta. “With Incorta Connect, we remove that friction, delivering live, governed, and harmonized data into Databricks without sacrificing fidelity or speed.”

    Unlike legacy ETL tools that reshape and summarize data, Incorta Connect uses its patented Direct Data Mapping® technology to deliver source-identical data in its most granular form. By bypassing traditional steps like relationship mapping, schema detection, and data normalization, this direct delivery accelerates time-to-value for faster decision-making, rapid AI application development, and superior analytics performance for Databricks users.

    This announcement builds on Incorta’s growing momentum, including recent integrations and strategic partnerships with Snowflake, Google Cloud, and Workday, demonstrating its category-defining leadership in helping enterprises become truly data-driven.

    See how the world’s largest coffee retailer uses Incorta Connect to deliver Oracle EBS data straight to Databricks—unlocking real-time insights and cutting costs by 40%.

    To learn more, visit: https://www.incorta.com/demo

    About Incorta

    Incorta is the first and only open data delivery platform that enables real-time analysis of live, detailed data across all systems of record—without the need for complex ETL processes. By enabling direct analysis on raw, source-identical data, Incorta provides faster, more accurate insights while removing barriers to exploration. With intuitive low-code/no-code tools, AI-powered querying through Nexus, and prebuilt business data applications, enterprise teams can quickly surface insights, break down technical roadblocks, and make smarter decisions without heavy engineering effort. Incorta’s unmatched efficiency shortens time to value and lowers total cost of ownership, helping data teams move at the speed of business. For more information, click here.

    Media Contact:
    Elizabeth Byington
    incorta@sparkpr.com

    The MIL Network –

  • MIL-OSI: Unframe Launches Synergy: The AI-Native Command Center for Enterprise IT Ops to Automate and Optimize Existing Tech Stacks

    Source: GlobeNewswire (MIL-OSI)

    CUPERTINO, Calif., June 18, 2025 (GLOBE NEWSWIRE) — Unframe announces the launch and general availability of Synergy, the AI-native command center for enterprise IT operations. Purpose-built to help IT teams reduce mean time to resolution (MTTR), eliminate alert fatigue, and boost operational resilience, Synergy layers generative AI across the tools organizations already rely on, including ServiceNow, Splunk, Jira, New Relic, Confluence, and more. Synergy automates manual tasks and enables natural language Q&A to resolve issues more quickly, allowing teams to focus on more strategic initiatives.

    “Synergy turns noise into insight,” says Shay Levi, CEO of Unframe. “IT Ops teams are drowning in alerts, switching between tools, and losing time on manual triage. Synergy uses AI to connect the dots, so they can focus on strategic impact instead of scattered signals.”

    Synergy solves the gap in IT Ops efficiency by integrating with existing platforms to enable unprecedented clarity, speed, and unification. By filtering operational noise to deliver clear actions, Synergy transitions teams to smarter, easier, and more productive IT Ops workflows in days.

    The Urgent Need for AI in IT Ops: Alert Fatigue and Inefficiency

    Synergy’s launch comes as IT Ops emerges as the most impactful enterprise AI use case, according to Unframe’s 2025 Enterprise AI Trends Report. The research highlights that 63% of enterprise leaders cite operational efficiency as a top driver for AI adoption. They want to streamline the complex web of existing tools, without adding or needing to rip-and-replace – 90% cite integration with existing stacks as essential.

    In today’s enterprise tech stacks, IT leaders, managers, and teams face:

    • Tools that collect mountains of data – but don’t talk to each other
    • Dashboards that overload and confuse instead of surfacing insights
    • Manual triaging and root cause analysis that slow down resolutions
    • Upcoming and critical incidents that aren’t noticed until they cause big problems
    • Low visibility into full-stack performance and efficiency

    Every minute of downtime and inefficiency translates to real financial and reputational cost. Yet 48% of enterprise leaders are still held back by budget and ROI concerns, citing high implementation costs as a barrier. That’s where Synergy comes in with the power to understand, not just notify, and deliver real efficiencies immediately after implementation.

    Unify IT Ops with an AI-Native Command Center

    Synergy’s AI-native command center unites the existing IT Ops tech stack with a smart layer of automated management across monitoring, ticketing, logging, and knowledge systems. By streamlining simple tasks, surfacing clear insights, and quickly explaining root causes, Synergy delivers natural language reports and recommends next steps – not just alerts.

    “With Synergy, your team no longer has to dig through 10 tools to understand an incident. It’s like having an AI operations analyst on call 24/7,” says Alissa Gilbert, Solutions Engineer at Unframe.

    Synergy already helps IT teams across industries including financial services, telecom, healthcare, and manufacturing maximize tech stack value and optimization. Smashing silos between tools and teams, Synergy easily integrates the entire stack for connected, explainable, and actionable insights that get smarter with every incident. Synergy’s AI-driven powers include:

    • Real-Time Correlation between every tool to streamline alerts, incidents, runbooks, logs, and knowledge base content across your stack, automatically
    • AI-Powered Root Cause Analysis to quickly analyze patterns, surface similar past incidents, and generate natural language summaries
    • Natural Language Queries: Ask questions about incident reports and RCAs and get accurate answers instantly
    • Proactive Monitoring that surfaces risks and anomalies before they escalate for preventive action, not reactive triage
    • Smart Incident Workflows that don’t just automate, but recommend next steps (e.g., runbook, incident, ticket), while flagging delays or ownership gaps
    • AI-Unified Reporting for a single view into live incidents, system performance, and operational KPIs to meet SLAs consistently

    Synergy’s full-stack coverage comes with Unframe’s complete security and compliance alignment, fully compliant with SOC 2 Type II, ISO 27001, and GDPR and deployable on-prem, in cloud, or hybrid. Outcome-based pricing means enterprises don’t lock in their subscription until they’ve experienced Synergy in action – automating their actual IT Ops environments with immediate impact.

    Synergy solves the urgent need for AI-native streamlining in IT Ops so enterprises can enact faster resolutions, achieve full-stack observability, and focus on strategic impact, not manual efforts.

    AI-Managed IT Ops for Rapid Enterprise Transformation

    Synergy, powered by Unframe, is now generally available to enterprises globally. Following quick custom integration with existing tech stacks, it delivers action and results – transforming IT Ops – just days after implementation.

    Learn more at www.unframe.ai/synergy

    About Unframe

    Unframe is the Managed AI Delivery Platform that delivers AI solutions tailored to your business in days. With Unframe, organizations can turn high-value AI use cases into real outcomes. With its modular building blocks and custom Blueprints, Unframe integrates with entire tech stacks to serve the varied needs of enterprise teams. Unframe is headquartered in Cupertino, California, with a global presence in Tel Aviv and Berlin. Explore Unframe at www.unframe.ai.

    Contact:
    Cassandra Leonard
    press@unframe.ai

    The MIL Network –

  • MIL-OSI: Unframe Launches Synergy: The AI-Native Command Center for Enterprise IT Ops to Automate and Optimize Existing Tech Stacks

    Source: GlobeNewswire (MIL-OSI)

    CUPERTINO, Calif., June 18, 2025 (GLOBE NEWSWIRE) — Unframe announces the launch and general availability of Synergy, the AI-native command center for enterprise IT operations. Purpose-built to help IT teams reduce mean time to resolution (MTTR), eliminate alert fatigue, and boost operational resilience, Synergy layers generative AI across the tools organizations already rely on, including ServiceNow, Splunk, Jira, New Relic, Confluence, and more. Synergy automates manual tasks and enables natural language Q&A to resolve issues more quickly, allowing teams to focus on more strategic initiatives.

    “Synergy turns noise into insight,” says Shay Levi, CEO of Unframe. “IT Ops teams are drowning in alerts, switching between tools, and losing time on manual triage. Synergy uses AI to connect the dots, so they can focus on strategic impact instead of scattered signals.”

    Synergy solves the gap in IT Ops efficiency by integrating with existing platforms to enable unprecedented clarity, speed, and unification. By filtering operational noise to deliver clear actions, Synergy transitions teams to smarter, easier, and more productive IT Ops workflows in days.

    The Urgent Need for AI in IT Ops: Alert Fatigue and Inefficiency

    Synergy’s launch comes as IT Ops emerges as the most impactful enterprise AI use case, according to Unframe’s 2025 Enterprise AI Trends Report. The research highlights that 63% of enterprise leaders cite operational efficiency as a top driver for AI adoption. They want to streamline the complex web of existing tools, without adding or needing to rip-and-replace – 90% cite integration with existing stacks as essential.

    In today’s enterprise tech stacks, IT leaders, managers, and teams face:

    • Tools that collect mountains of data – but don’t talk to each other
    • Dashboards that overload and confuse instead of surfacing insights
    • Manual triaging and root cause analysis that slow down resolutions
    • Upcoming and critical incidents that aren’t noticed until they cause big problems
    • Low visibility into full-stack performance and efficiency

    Every minute of downtime and inefficiency translates to real financial and reputational cost. Yet 48% of enterprise leaders are still held back by budget and ROI concerns, citing high implementation costs as a barrier. That’s where Synergy comes in with the power to understand, not just notify, and deliver real efficiencies immediately after implementation.

    Unify IT Ops with an AI-Native Command Center

    Synergy’s AI-native command center unites the existing IT Ops tech stack with a smart layer of automated management across monitoring, ticketing, logging, and knowledge systems. By streamlining simple tasks, surfacing clear insights, and quickly explaining root causes, Synergy delivers natural language reports and recommends next steps – not just alerts.

    “With Synergy, your team no longer has to dig through 10 tools to understand an incident. It’s like having an AI operations analyst on call 24/7,” says Alissa Gilbert, Solutions Engineer at Unframe.

    Synergy already helps IT teams across industries including financial services, telecom, healthcare, and manufacturing maximize tech stack value and optimization. Smashing silos between tools and teams, Synergy easily integrates the entire stack for connected, explainable, and actionable insights that get smarter with every incident. Synergy’s AI-driven powers include:

    • Real-Time Correlation between every tool to streamline alerts, incidents, runbooks, logs, and knowledge base content across your stack, automatically
    • AI-Powered Root Cause Analysis to quickly analyze patterns, surface similar past incidents, and generate natural language summaries
    • Natural Language Queries: Ask questions about incident reports and RCAs and get accurate answers instantly
    • Proactive Monitoring that surfaces risks and anomalies before they escalate for preventive action, not reactive triage
    • Smart Incident Workflows that don’t just automate, but recommend next steps (e.g., runbook, incident, ticket), while flagging delays or ownership gaps
    • AI-Unified Reporting for a single view into live incidents, system performance, and operational KPIs to meet SLAs consistently

    Synergy’s full-stack coverage comes with Unframe’s complete security and compliance alignment, fully compliant with SOC 2 Type II, ISO 27001, and GDPR and deployable on-prem, in cloud, or hybrid. Outcome-based pricing means enterprises don’t lock in their subscription until they’ve experienced Synergy in action – automating their actual IT Ops environments with immediate impact.

    Synergy solves the urgent need for AI-native streamlining in IT Ops so enterprises can enact faster resolutions, achieve full-stack observability, and focus on strategic impact, not manual efforts.

    AI-Managed IT Ops for Rapid Enterprise Transformation

    Synergy, powered by Unframe, is now generally available to enterprises globally. Following quick custom integration with existing tech stacks, it delivers action and results – transforming IT Ops – just days after implementation.

    Learn more at www.unframe.ai/synergy

    About Unframe

    Unframe is the Managed AI Delivery Platform that delivers AI solutions tailored to your business in days. With Unframe, organizations can turn high-value AI use cases into real outcomes. With its modular building blocks and custom Blueprints, Unframe integrates with entire tech stacks to serve the varied needs of enterprise teams. Unframe is headquartered in Cupertino, California, with a global presence in Tel Aviv and Berlin. Explore Unframe at www.unframe.ai.

    Contact:
    Cassandra Leonard
    press@unframe.ai

    The MIL Network –

  • MIL-OSI: Rightworks Marks Four-Year Milestone After Winning Nine Badges in G2 Spring 2025 Reports

    Source: GlobeNewswire (MIL-OSI)

    NASHUA, N.H., June 18, 2025 (GLOBE NEWSWIRE) — Rightworks, the only intelligent cloud service provider of solutions purpose-built for accounting firms and professionals, is proud to announce that its OneSpace platform was awarded nine badges in G2’s Spring 2025 Reports. This recognition marks a milestone for Rightworks, as the company celebrates four years earning top honors in G2’s quarterly reports, further establishing its reputation as a leading and consistently recognized provider for the accounting profession.

    In G2’s Spring 2025 Reports, Rightworks earned the following badges:

    • Leader
    • Leader — Small-Business
    • Momentum Leader
    • High Performer — Mid-Market
    • Best Relationship — Mid-Market
    • Easiest To Do Business With — Mid-Market
    • Best Support — Mid-Market
    • Easiest To Use — Mid-Market
    • Users Love Us

    “Every quarter, G2 ranks the best products across thousands of reports by category, company size, geography, and report type,” said Sydney Sloan, CMO of G2. “These reports serve as tailored guides for software buyers researching solutions that meet their specific business needs. Congratulations to Rightworks for appearing in our G2 Reports this season, thanks to the positive experiences shared by their customers.”

    Each year, over 100 million people turn to G2 for authentic peer reviews to make smarter software decisions. Thanks to positive feedback from verified users, Rightworks earned both “Leader” and “High Performer” recognition, standing out among similar products in each category. According to G2’s Spring 2025 Reports, for the most recent quarter, only 4% of software and services received a Leader badge.

    “We are honored to receive nine badges from G2 as we mark our fourth year of consistent recognition. This milestone shows our commitment to addressing the unique challenges of accounting professionals with our holistic solutions backed by our team of customer service experts,” said Joel Hughes, CEO of Rightworks.

    To read user reviews and learn more, visit Rightworks’ G2 page.

    Connect with Rightworks
    Visit our newsroom; read our blog; and follow us on LinkedIn, Facebook, and Instagram.

    About Rightworks
    Rightworks enables accounting firms and businesses to significantly simplify operations and expand their value to clients via our award-winning intelligent cloud and learning resources. This is possible with Rightworks OneSpace, the only secure cloud platform purpose-built for the accounting and tax profession, and our premier community for firm optimization, growth, and professional development. Founded in 2002, we’ve grown to serve over 10,000 accounting firms in the US—from single practitioners to Top 10 firms. For more information, please visit rightworks.com or follow us on LinkedIn, Facebook, and Instagram.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/4c33d241-11cf-4cfa-90e2-352973866997

    The MIL Network –

  • MIL-OSI: Intapp announces collaboration with Snowflake for enhanced analytics and industry insights

    Source: GlobeNewswire (MIL-OSI)

    PALO ALTO, Calif., June 18, 2025 (GLOBE NEWSWIRE) — Intapp (NASDAQ: INTA), a leading global provider of AI-powered solutions for professionals at advisory, capital markets, and legal firms, today announced a new strategic collaboration with Snowflake, the AI Data Cloud company. Intapp client firms will now be able to quickly build and apply analytics across a broad set of firmwide data in the Snowflake AI Data Cloud, then leverage that information within Intapp DealCloud to further enrich their deal management capabilities.  

    This collaboration brings together Snowflake’s ability to combine data across key systems and DealCloud’s robust deal management capabilities which are underpinned by AI-powered workflows and data models. By leveraging the Snowflake AI Data Cloud, Intapp is helping advisory, capital markets, and legal firms to more easily apply analytics to their most relevant deal data.

    “Our clients are increasingly seeing the value in eliminating data silos across their firms and are turning to Snowflake to help them in this quest,” said Erin Guinan, General Manager of DealCloud at Intapp. “Forging this connection with Snowflake lets firms more easily build and apply analytics with firmwide data that inform deal-related decision-making and embed that information back into key workflows within DealCloud.”

    “Intapp’s commitment to helping Snowflake empower every enterprise to achieve its full potential through data and AI can be seen through the launch of our new integration with DealCloud,” said Rinesh Patel, Global Head of Financial Services at Snowflake. “We look forward to driving deeper value for joint customers by working with Intapp to allow firms to access richer insights across broad data sets underpinned by the proprietary insights they capture and manage in DealCloud.”

    About Intapp 
    Intapp software helps professionals unlock their teams’ knowledge, relationships, and operational insights to increase value for their firms. Using the power of Applied AI, we make firm and market intelligence easy to find, understand, and use. With Intapp’s portfolio of vertical SaaS solutions, professionals can apply their collective expertise to make smarter decisions, manage risk, and increase competitive advantage. The world’s top firms — across accounting, consulting, investment banking, legal, private capital, and real assets — trust Intapp’s industry-specific platform and solutions to modernize and drive new growth. For more information, visit intapp.com and LinkedIn. 

    Media contact:
    Ali Robinson
    Press@intapp.com

    The MIL Network –

  • MIL-OSI: Satellogic Poised to Deliver Its NextGen Satellite and Technology Transfer for Malaysia’s Earth Observation Satellite Program

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, June 18, 2025 (GLOBE NEWSWIRE) — Satellogic, Inc. (NASDAQ: SATL), a leader in satellite manufacturing and high-resolution Earth observation data, is pleased to announce that Uzma Berhad, and by extension Satellogic as Uzma’s Technology Partner, has been selected as the successful bidder to lead the Malaysian High-Resolution Earth Observation Satellite Project (MHREOSP) for the Government of Malaysia.

    As a technology partner, Satellogic will design, develop, assemble, integrate and test a state-of-the-art high resolution satellite with active involvement of Malaysian personnel. This newest evolution of Satellogic’s proven platform, is built on the extensive heritage from over 50 NewSat satellites and features key upgrades, including superior National Imagery Interpretability Rating Scales (NIIRS) ratings, larger optics and enhanced sensor design, to deliver 50cm resolution across all spectral bands. Final integration and testing are planned to take place in Malaysia in collaboration with Uzma and local parties to support meaningful homegrown capacity development.

    This collaboration builds on the successful deployment of UzmaSAT-1 and underscores Satellogic’s commitment to delivering agile space solutions to its customers around the world. “Satellogic brings proven satellite technology and a commitment to agile innovation that aligns with our goals and the nation’s space aspirations, supporting the Malaysia Space Exploration 2030 Action Plan,” said Dato’ Kamarul Redzuan Muhamed, Group CEO of Uzma Berhad. “With the Government’s guidance, Satellogic’s expertise, and our homegrown talents, we are enabling Malaysia to leap forward in its geospatial intelligence capabilities and supporting the long-term sustainability of our national infrastructure and environment by nurturing local talent through knowledge sharing, technology transfer, and exposure to satellite technology. We look forward to help grow the ecosystem further, guided by the Malaysian Government and its agencies, including Malaysia’s Ministry of Science, Technology and Innovation (MOSTI), MYSA, the Public-Private Partnership Unit (UKAS), and Malaysian Industry-Government Group for High Technology (MIGHT).”

    The selection strengthens Satellogic’s expanding presence in Asia and reinforces its mission to democratize access to state-of-the-art space technology.
    “This partnership harnesses the power of commercial space to strengthen national sovereignty through proprietary space access,” said Emiliano Kargieman, CEO & Co-Founder of Satellogic. “We’re proud to support Malaysia’s forward-looking vision for space and to work alongside Uzma and GeospatialAI in delivering capabilities that will drive national resilience and innovation”

    About Satellogic

    Founded in 2010 by Emiliano Kargieman and Gerardo Richarte, Satellogic (NASDAQ: SATL) is the first vertically integrated geospatial company, driving real outcomes with planetary-scale insights. Satellogic is creating and continuously enhancing the first scalable, fully automated EO platform with the ability to remap the entire planet at both high-frequency and high-resolution, providing accessible and affordable solutions for customers.

    Satellogic’s mission is to democratize access to geospatial data through its information platform of high resolution images to help solve the world’s most pressing problems including climate change, energy supply, and food security. Using its patented Earth imaging technology, Satellogic unlocks the power of EO to deliver high-quality, planetary insights at the lowest cost in the industry.

    With more than a decade of experience in space, Satellogic has proven technology and a strong track record of delivering satellites to orbit and high-resolution data to customers at the right price point.

    To learn more, please visit: http://www.satellogic.com

    Forward-Looking Statements

    This press release contains “forward-looking statements” within the meaning of the U.S. federal securities laws. The words “anticipate”, “believe”, “continue”, “could”, “estimate”, “expect”, “intends”, “may”, “might”, “plan”, “possible”, “potential”, “predict”, “project”, “should”, “would” and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. These forward-looking statements are based on Satellogic’s current expectations and beliefs concerning future developments and their potential effects on Satellogic and include statements concerning Satellogic’s strategic realignment as a U.S. company, and the visibility and high growth opportunities it will provide in connection therewith. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. These statements are based on various assumptions, whether or not identified in this press release. These forward-looking statements are provided for illustrative purposes only and are not intended to serve, and must not be relied on by an investor as, a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ
    from assumptions. Many actual events and circumstances are beyond the control of Satellogic. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, including but not limited to: (i) our ability to generate revenue as expected, including due to challenges created by macroeconomic concerns, geopolitical uncertainty (e.g., trade relationships), financial market fluctuations and related factors, (ii) our ability to effectively market and sell our EO services and to convert contracted revenues and our pipeline of potential contracts into actual revenues, (iii) risks related to the secured convertible notes, (iv) the potential loss of one or more of our largest customers, (v) the considerable time and expense related to our sales efforts and the length and unpredictability of our sales cycle, (vi) risks and uncertainties associated with defense-related contracts, (vii) risk related to our pricing structure, (viii) our ability to scale production of our satellites as planned, (ix) unforeseen risks, challenges and uncertainties related to our expansion into new business lines, (x) our dependence on third parties, including SpaceX, to transport and launch our satellites into space, (xi) our reliance on third-party vendors and manufacturers to build and provide certain satellite components, products, or services and the inability of these vendors and manufacturers to meet our needs, (xii) our dependence on ground station and cloud-based computing infrastructure operated by third pirates for value-added services, and any errors, disruption, performance problems, or failure in their or our operational infrastructure, (xiii) risk related to certain minimum service requirements in our customer contracts, (xiv) market acceptance of our EO services and our dependence upon our ability to keep pace with the latest technological advances, including those related to artificial intelligence and machine learning, (xv) our ability to identify suitable acquisition candidates or consummate acquisitions on acceptable terms, or our ability to successfully integrate acquisitions, (xvi) competition for EO services, (xvii) challenges with international operations or unexpected changes to the regulatory environment in certain markets, (xviii) unknown defects or errors in our products, (xix) risk related to the capital-intensive nature of our business and our ability to raise adequate capital to finance our business strategies, (xx) uncertainties beyond our control related to the production, launch, commissioning, and/or operation of our satellites and related ground systems, software and analytic technologies, (xxi) the failure of the market for EO services to achieve the growth potential we expect, (xxii) risks related to our satellites and related equipment becoming impaired, (xxiii) risks related to the failure of our satellites to operate as intended, (xxiv) production and launch delays, launch failures, and damage or destruction to our satellites during launch, (xxv) the impact of natural disasters, unusual or prolonged unfavorable weather conditions, epidemic outbreaks, terrorist acts and geopolitical events (including the ongoing conflicts between Russia and Ukraine, in the Gaza Strip and the Red Sea region) on our business and satellite launch schedules and (xxvi) the anticipated benefits of the domestication may not materialize. The foregoing list of factors is not exhaustive. You should carefully consider the foregoing factors and the other risks and uncertainties described in the “Risk Factors” section of Satellogic’s Annual Report on Form 10-K and other documents filed or to be filed by Satellogic from time to time with the Securities and Exchange Commission. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and Satellogic assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise. Satellogic can give no assurance that it will achieve its expectations.

    Contacts

    Investor Relations:

    Ryan Driver, VP of Strategy & Corporate Development 

    ryan.driver@Satellogic.com

    Media Relations:

    Satellogic

    pr@Satellogic.com

    Uzma Berhad

    communications@uzmagroup.com

    The MIL Network –

  • MIL-OSI: Satellogic Poised to Deliver Its NextGen Satellite and Technology Transfer for Malaysia’s Earth Observation Satellite Program

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, June 18, 2025 (GLOBE NEWSWIRE) — Satellogic, Inc. (NASDAQ: SATL), a leader in satellite manufacturing and high-resolution Earth observation data, is pleased to announce that Uzma Berhad, and by extension Satellogic as Uzma’s Technology Partner, has been selected as the successful bidder to lead the Malaysian High-Resolution Earth Observation Satellite Project (MHREOSP) for the Government of Malaysia.

    As a technology partner, Satellogic will design, develop, assemble, integrate and test a state-of-the-art high resolution satellite with active involvement of Malaysian personnel. This newest evolution of Satellogic’s proven platform, is built on the extensive heritage from over 50 NewSat satellites and features key upgrades, including superior National Imagery Interpretability Rating Scales (NIIRS) ratings, larger optics and enhanced sensor design, to deliver 50cm resolution across all spectral bands. Final integration and testing are planned to take place in Malaysia in collaboration with Uzma and local parties to support meaningful homegrown capacity development.

    This collaboration builds on the successful deployment of UzmaSAT-1 and underscores Satellogic’s commitment to delivering agile space solutions to its customers around the world. “Satellogic brings proven satellite technology and a commitment to agile innovation that aligns with our goals and the nation’s space aspirations, supporting the Malaysia Space Exploration 2030 Action Plan,” said Dato’ Kamarul Redzuan Muhamed, Group CEO of Uzma Berhad. “With the Government’s guidance, Satellogic’s expertise, and our homegrown talents, we are enabling Malaysia to leap forward in its geospatial intelligence capabilities and supporting the long-term sustainability of our national infrastructure and environment by nurturing local talent through knowledge sharing, technology transfer, and exposure to satellite technology. We look forward to help grow the ecosystem further, guided by the Malaysian Government and its agencies, including Malaysia’s Ministry of Science, Technology and Innovation (MOSTI), MYSA, the Public-Private Partnership Unit (UKAS), and Malaysian Industry-Government Group for High Technology (MIGHT).”

    The selection strengthens Satellogic’s expanding presence in Asia and reinforces its mission to democratize access to state-of-the-art space technology.
    “This partnership harnesses the power of commercial space to strengthen national sovereignty through proprietary space access,” said Emiliano Kargieman, CEO & Co-Founder of Satellogic. “We’re proud to support Malaysia’s forward-looking vision for space and to work alongside Uzma and GeospatialAI in delivering capabilities that will drive national resilience and innovation”

    About Satellogic

    Founded in 2010 by Emiliano Kargieman and Gerardo Richarte, Satellogic (NASDAQ: SATL) is the first vertically integrated geospatial company, driving real outcomes with planetary-scale insights. Satellogic is creating and continuously enhancing the first scalable, fully automated EO platform with the ability to remap the entire planet at both high-frequency and high-resolution, providing accessible and affordable solutions for customers.

    Satellogic’s mission is to democratize access to geospatial data through its information platform of high resolution images to help solve the world’s most pressing problems including climate change, energy supply, and food security. Using its patented Earth imaging technology, Satellogic unlocks the power of EO to deliver high-quality, planetary insights at the lowest cost in the industry.

    With more than a decade of experience in space, Satellogic has proven technology and a strong track record of delivering satellites to orbit and high-resolution data to customers at the right price point.

    To learn more, please visit: http://www.satellogic.com

    Forward-Looking Statements

    This press release contains “forward-looking statements” within the meaning of the U.S. federal securities laws. The words “anticipate”, “believe”, “continue”, “could”, “estimate”, “expect”, “intends”, “may”, “might”, “plan”, “possible”, “potential”, “predict”, “project”, “should”, “would” and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. These forward-looking statements are based on Satellogic’s current expectations and beliefs concerning future developments and their potential effects on Satellogic and include statements concerning Satellogic’s strategic realignment as a U.S. company, and the visibility and high growth opportunities it will provide in connection therewith. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. These statements are based on various assumptions, whether or not identified in this press release. These forward-looking statements are provided for illustrative purposes only and are not intended to serve, and must not be relied on by an investor as, a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ
    from assumptions. Many actual events and circumstances are beyond the control of Satellogic. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, including but not limited to: (i) our ability to generate revenue as expected, including due to challenges created by macroeconomic concerns, geopolitical uncertainty (e.g., trade relationships), financial market fluctuations and related factors, (ii) our ability to effectively market and sell our EO services and to convert contracted revenues and our pipeline of potential contracts into actual revenues, (iii) risks related to the secured convertible notes, (iv) the potential loss of one or more of our largest customers, (v) the considerable time and expense related to our sales efforts and the length and unpredictability of our sales cycle, (vi) risks and uncertainties associated with defense-related contracts, (vii) risk related to our pricing structure, (viii) our ability to scale production of our satellites as planned, (ix) unforeseen risks, challenges and uncertainties related to our expansion into new business lines, (x) our dependence on third parties, including SpaceX, to transport and launch our satellites into space, (xi) our reliance on third-party vendors and manufacturers to build and provide certain satellite components, products, or services and the inability of these vendors and manufacturers to meet our needs, (xii) our dependence on ground station and cloud-based computing infrastructure operated by third pirates for value-added services, and any errors, disruption, performance problems, or failure in their or our operational infrastructure, (xiii) risk related to certain minimum service requirements in our customer contracts, (xiv) market acceptance of our EO services and our dependence upon our ability to keep pace with the latest technological advances, including those related to artificial intelligence and machine learning, (xv) our ability to identify suitable acquisition candidates or consummate acquisitions on acceptable terms, or our ability to successfully integrate acquisitions, (xvi) competition for EO services, (xvii) challenges with international operations or unexpected changes to the regulatory environment in certain markets, (xviii) unknown defects or errors in our products, (xix) risk related to the capital-intensive nature of our business and our ability to raise adequate capital to finance our business strategies, (xx) uncertainties beyond our control related to the production, launch, commissioning, and/or operation of our satellites and related ground systems, software and analytic technologies, (xxi) the failure of the market for EO services to achieve the growth potential we expect, (xxii) risks related to our satellites and related equipment becoming impaired, (xxiii) risks related to the failure of our satellites to operate as intended, (xxiv) production and launch delays, launch failures, and damage or destruction to our satellites during launch, (xxv) the impact of natural disasters, unusual or prolonged unfavorable weather conditions, epidemic outbreaks, terrorist acts and geopolitical events (including the ongoing conflicts between Russia and Ukraine, in the Gaza Strip and the Red Sea region) on our business and satellite launch schedules and (xxvi) the anticipated benefits of the domestication may not materialize. The foregoing list of factors is not exhaustive. You should carefully consider the foregoing factors and the other risks and uncertainties described in the “Risk Factors” section of Satellogic’s Annual Report on Form 10-K and other documents filed or to be filed by Satellogic from time to time with the Securities and Exchange Commission. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and Satellogic assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise. Satellogic can give no assurance that it will achieve its expectations.

    Contacts

    Investor Relations:

    Ryan Driver, VP of Strategy & Corporate Development 

    ryan.driver@Satellogic.com

    Media Relations:

    Satellogic

    pr@Satellogic.com

    Uzma Berhad

    communications@uzmagroup.com

    The MIL Network –

  • MIL-OSI: OvationCXM Honored on FinTech Global’s AIFintech100 List for Revolutionizing Financial Services CX with AI-Powered Orchestration

    Source: GlobeNewswire (MIL-OSI)

    TIBURON, Calif., June 18, 2025 (GLOBE NEWSWIRE) — OvationCXM, a global leader in customer experience management (CXM), today announced its inclusion in FinTech Global’s prestigious 2025 AIFintech100 list. OvationCXM’s innovative application of artificial intelligence within its flagship low-to-no code platform, CXMEngine®, solves the critical industry challenge of fragmented customer journeys across complex financial ecosystems.

    This distinction recognizes OvationCXM’s unique ability to orchestrate seamless, end-to-end customer experiences across siloed teams and external partners by acting as a unified customer experience layer, providing real-time visibility and intelligent guidance of interactions, tasks, and communications. Powered by advanced cloud-native AI and machine learning, the platform delivers predictive journey insights, intelligent agent assistance, and streamlined customer and case management. It extracts CX data housed in disconnected legacy banking systems and surfaces it to everyone, helping the customer. By unlocking transparency for everyone engaged in the journey, it eliminates friction, sets expectations, communicates progress, and elevates the customer experience during chaotic onboarding and support journeys.

    “Being named to the AIFintech100 is a testament to OvationCXM’s relentless pursuit of innovation in customer experience orchestration for financial services,” said Alfred ‘Chip’ Kahn, Founder and CEO at OvationCXM. “We are empowering financial institutions and their partners to work as one team and deliver streamlined, personalized journeys without disruptive rip-and-replace investments. Our platform fast-tracks greater agility and flexibility without massive disruption to systems and teams that serve customers.”

    The CXMEngine® integrates natively with CRMs, ticketing tools, legacy systems, and third-party providers, unifying data and orchestrating action. It includes powerful tools for journey mapping, real-time case collaboration, intelligent automation, and embedded communications. This ensures that customers receive transparent, proactive updates, regardless of the number of parties involved behind the scenes. OvationCXM currently supports over $235 billion in payment volume across its client base, modernizing CX strategies for top financial institutions, fintechs, and payment service providers.

    “This AIFintech100 recognition is incredibly exciting and validates our deep commitment to secure AI-driven innovation,” added Alan Finlay, Head of Product at OvationCXM. “We’re not just applying AI; we’re fundamentally embedding it across the CXMEngine to deliver groundbreaking predictive insights and intelligent assistance. This award fuels our vision for the future, where AI will continue to play an even more transformative role in orchestrating truly seamless and bespoke customer experiences within financial services.”

    FinTech Global’s annual AIFintech100 list showcases the 100 most innovative solution providers making significant contributions to the development of artificial intelligence and machine learning technologies within the financial services sector. Selected by a panel of notable industry experts and analysts, this international ranking recognizes leading organizations that address critical industry challenges and significantly enhance efficiency through technological advancements.

    To learn more about how OvationCXM is leading the customer experience industry through its suite of AI capabilities and journey orchestration, please visit www.ovationcxm.com.

    About OvationCXM
    OvationCXM is the leading AI-infused CXM platform that helps companies achieve higher revenue and lower support costs by orchestrating customer journeys, partner ecosystems and AI to operate more efficiently and effectively. Connect experience and operational customer data to enable shared visibility and collaboration across your ecosystem and improve service governance. Unlock AI-enriched insights using your rich trove of unique customer data for real-time CX impact and eliminate data and visibility silos that block great CX. To learn more, visit www.ovationcxm.com.

    Media Contacts
    Sherri Schwartz
    OvationCXM
    Head of Marketing
    media@ovationcxm.com
    (757) 650-9854

    The MIL Network –

  • MIL-OSI: SunRocket Capital Provides Financing for Golden Gate Capital’s C&I Rooftop Solar Installation in New Jersey

    Source: GlobeNewswire (MIL-OSI)

    MIAMI, June 18, 2025 (GLOBE NEWSWIRE) — SunRocket Capital, a structured finance partner to solar developers, is pleased to announce the closing of financing with Golden Gate Capital for a rooftop solar installation project in Cherry Hill, New Jersey. The 0.736 MW project is a rooftop solar installation on three commercial offices owned by the sponsor.

    The solar installation is sized to offset 50% of the power consumption across the three properties. The project aligns with New Jersey’s renewable portfolio standard (RPS) that requires electric utility companies within the state to source 50% of their electricity from renewable technologies by 2030.

    Fischel Schlesinger, founder of Golden Gate Capital, remarked on the partnership with SunRocket Capital stating, “The team at SunRocket Capital has proven to be an exceptional financial partner. Their expertise in solar financing and understanding of the New Jersey renewable energy market has been instrumental in bringing this project to fruition as we continue to enhance the sustainability of our commercial properties.”

    Derek Gabriel Sr., Head of Originations at SunRocket Capital, also expressed enthusiasm about the partnership: “Our relationship with Golden Gate Capital represents the type of collaboration we value deeply. We’re committed to supporting property owners like Mr. Schlesinger who are expanding their renewable energy portfolios in the C&I sector. This partnership exemplifies how lenders and property developers can work together to create positive environmental and economic impacts through the promotion of green energy in New Jersey.”

    About SunRocket Capital:

    SunRocket Capital is a leading private lender focused on financing commercial, industrial, and community solar projects. Backed by a seasoned team with deep expertise in solar development and structured finance, SunRocket Capital supports the growth of sustainable energy by serving as a reliable capital partner for developers and EPCs – including serving as a resource for tax equity investments as necessary. The firm’s flagship structured credit product, SolarC2P™, is tailored to support projects at or near Notice to Proceed (NTP), with a seamless transition to term debt upon achieving Commercial Operation Date (COD). This streamlined approach enables developers to retain long-term ownership, efficiently scale operations, and build lasting portfolios.

    For more information please visit: www.sunrocketcapital.com.

    About Golden Gate Capital:

    Golden Gate Capital is a full-service real estate investment firm founded by Fischel Schlesinger. The company manages a diverse portfolio of commercial properties and provides comprehensive services including construction management for value-add projects such as solar development. Mr. Schlesinger has extensive experience in real estate development and investment, with controlling interests in businesses related to real estate field, marketing for affordable housing, and tax credit consulting services.

    For media inquiries, please contact:

    Noah Levine
    Marketing and Communications Officer
    SunRocket Capital
    noah@sunrocketcapital.com

    The MIL Network –

  • MIL-OSI: SunRocket Capital Provides Financing for Golden Gate Capital’s C&I Rooftop Solar Installation in New Jersey

    Source: GlobeNewswire (MIL-OSI)

    MIAMI, June 18, 2025 (GLOBE NEWSWIRE) — SunRocket Capital, a structured finance partner to solar developers, is pleased to announce the closing of financing with Golden Gate Capital for a rooftop solar installation project in Cherry Hill, New Jersey. The 0.736 MW project is a rooftop solar installation on three commercial offices owned by the sponsor.

    The solar installation is sized to offset 50% of the power consumption across the three properties. The project aligns with New Jersey’s renewable portfolio standard (RPS) that requires electric utility companies within the state to source 50% of their electricity from renewable technologies by 2030.

    Fischel Schlesinger, founder of Golden Gate Capital, remarked on the partnership with SunRocket Capital stating, “The team at SunRocket Capital has proven to be an exceptional financial partner. Their expertise in solar financing and understanding of the New Jersey renewable energy market has been instrumental in bringing this project to fruition as we continue to enhance the sustainability of our commercial properties.”

    Derek Gabriel Sr., Head of Originations at SunRocket Capital, also expressed enthusiasm about the partnership: “Our relationship with Golden Gate Capital represents the type of collaboration we value deeply. We’re committed to supporting property owners like Mr. Schlesinger who are expanding their renewable energy portfolios in the C&I sector. This partnership exemplifies how lenders and property developers can work together to create positive environmental and economic impacts through the promotion of green energy in New Jersey.”

    About SunRocket Capital:

    SunRocket Capital is a leading private lender focused on financing commercial, industrial, and community solar projects. Backed by a seasoned team with deep expertise in solar development and structured finance, SunRocket Capital supports the growth of sustainable energy by serving as a reliable capital partner for developers and EPCs – including serving as a resource for tax equity investments as necessary. The firm’s flagship structured credit product, SolarC2P™, is tailored to support projects at or near Notice to Proceed (NTP), with a seamless transition to term debt upon achieving Commercial Operation Date (COD). This streamlined approach enables developers to retain long-term ownership, efficiently scale operations, and build lasting portfolios.

    For more information please visit: www.sunrocketcapital.com.

    About Golden Gate Capital:

    Golden Gate Capital is a full-service real estate investment firm founded by Fischel Schlesinger. The company manages a diverse portfolio of commercial properties and provides comprehensive services including construction management for value-add projects such as solar development. Mr. Schlesinger has extensive experience in real estate development and investment, with controlling interests in businesses related to real estate field, marketing for affordable housing, and tax credit consulting services.

    For media inquiries, please contact:

    Noah Levine
    Marketing and Communications Officer
    SunRocket Capital
    noah@sunrocketcapital.com

    The MIL Network –

  • MIL-OSI: Microchip Enhances Digital Signal Controller Lineup with Industry-Leading PWM Resolution and ADC Speed

    Source: GlobeNewswire (MIL-OSI)

    CHANDLER, Ariz., June 18, 2025 (GLOBE NEWSWIRE) — Evolving security and functional safety demands, coupled with the growing complexity of real-time embedded applications, are driving designers to seek innovative solutions that deliver greater accuracy, improved reliability and compliance with industry standards. To address these challenges, Microchip Technology (Nasdaq: MCHP) has added the dsPIC33AK512MPS512 and dsPIC33AK512MC510 Digital Signal Controller (DSC) families to its dsPIC33A DSC product line. The devices enable the implementation of computation-intensive control algorithms for improved energy efficiency in motor control, AI server power supplies, energy storage systems and complex sensor signal processing with Machine Learning (ML)-based inferencing.

    “As AI servers and data centers continue to grow, the need for more efficient power conversion is essential. With specialized peripherals and the high-performance core in the dsPIC33AK512MPS family, developers can now achieve significant energy savings and shrink their power supply footprints,” said Joe Thomsen, corporate vice president of Microchip’s digital signal controller business unit. “The new dsPIC33A DSC families are packed with advanced features that enable efficient and reliable designs for modern power conversion, motor control and sensing applications.”

    The dsPIC33AK512MPS family delivers precise, high-speed control through industry-leading 78 ps high-resolution Pulse Width Modulations (PWMs) and low-latency 40 Msps ADCs, enabling fast and accurate control loops essential for optimizing the performance of Silicon Carbide (SiC) and Gallium Nitride (GaN)-based DC-DC converters. Additionally, dsPIC33AK512MPS devices include advanced security features, an integrated touch controller and a high pin count of up to 128 pins. The dsPIC33AK512MC family is designed to offer low-latency, 40 Msps ADCs and 1.25 ns PWM resolution, providing a feature- and cost-optimized solution for multi-motor control and complex embedded applications.

    The dsPIC33A DSC families, with up to 512 KB Flash and a rich peripheral set, integrate a double precision floating-point unit to accelerate mathematical computations and leverage a 32-bit architecture for seamless adoption of model-based design code. Their enhanced instruction set and Digital Signal Processing (DSP) capabilities, including single-cycle MAC operations and a 200 MHz core speed, make these devices highly efficient for low-latency, real-time control applications. Supported by MPLAB® Machine Learning Development Suite, dsPIC33A devices streamline the ML workflow by automating data preparation, feature extraction, training, validation and firmware conversion of optimized models.

    “dsPIC33A DSCs from Microchip provide high performance and reliability for complex automotive Electronic Control Units (ECUs),” said Norbert Weiss, managing director at Lauterbach GmbH. “Combined with the support of our latest TRACE32® solutions, we help dsPIC33A DSC customers accelerate their time-to-market using our leading debug and trace tools from the start of the development process.”

    With a range of hardware safety features, dsPIC33AK512MPS/MC DSCs are compliant with functional safety standards and are developed in accordance with International Organization for Standardization (ISO) 26262 and International Electrotechnical Commission (IEC) 61508 processes, making them suitable for safety-critical automotive and industrial applications. To further enhance system-level security, the dsPIC33AK512MPS DSC family includes integrated crypto accelerators and a Flash security module, enabling immutable root of trust, secure boot, secure firmware upgrades and secure debug capabilities.

    “The combination of dsPIC33A DSCs and our pre-certified safety-critical real-time operating system, SAFERTOS®, simplifies the development of safety-critical applications,” said Andrew Longhurst, managing director of WITTENSTEIN high integrity systems (WHIS). “This system level solution empowers our clients to deliver reliable and efficient solutions that meet automotive and industrial safety standards.”

    Visit the website to learn more about Microchip’s dsPIC33A DSC family.

    Development Tools
    dsPIC33AK512MPS/MC DSCs are supported by Microchip’s development tool ecosystem including MPLAB XC-DSC Compiler, MPLAB Code Configurator (MCC) and MPLAB ML Development Suite. Separate dual in-line modules are available to support development for motor control, digital power conversion and general-purpose embedded applications. The DSCs are also supported by partner software and tools including SAFERTOS® real-time operating system from WHIS, TRACE32® debugger from Lauterbach and others.

    Pricing and Availability
    dsPIC33AK512MPS/MC DSCs are available starting at $1.50 each in volume. You can purchase directly from Microchip or contact a Microchip sales representative or authorized worldwide distributor.

    Resources
    High-res images available through Flickr or editorial contact (feel free to publish):

    About Microchip Technology:
    Microchip Technology Inc. is a leading provider of smart, connected and secure embedded control and processing solutions. Its easy-to-use development tools and comprehensive product portfolio enable customers to create optimal designs which reduce risk while lowering total system cost and time to market. The company’s solutions serve over 100,000 customers across the industrial, automotive, consumer, aerospace and defense, communications and computing markets. Headquartered in Chandler, Arizona, Microchip offers outstanding technical support along with dependable delivery and quality. For more information, visit the Microchip website at www.microchip.com.

    Note: The Microchip name and logo, the Microchip logo and MPLAB are registered trademarks of Microchip Technology Incorporated in the U.S.A. and other countries. PICkit is a trademark of Microchip Technology Inc. in the U.S.A. and other countries. All other trademarks mentioned herein are the property of their respective companies.

    The MIL Network –

  • MIL-OSI: Valour Launches Four New ETPs on Spotlight Stock Market: Mantra (OM), Tron (TRX), Stellar (XLM), and Tether Gold (XAUT)

    Source: GlobeNewswire (MIL-OSI)

    • Valour Expands Nordic Footprint with Four New Listings: Valour, a subsidiary of DeFi Technologies, has launched SEK-denominated ETPs for Mantra (OM), Tron (TRX), Stellar (XLM), and Tether Gold (XAUt) on Sweden’s Spotlight Stock Market, broadening investor access to diversified digital asset exposure.
    • Exposure to Emerging Protocols and Tokenized Gold: These new ETPs provide regulated access to a range of assets—from tokenized gold to real-world asset protocols—serving growing investor demand for both traditional and next-generation blockchain applications.
    • On Track Toward 100 ETPs by Year-End: With these additions, Valour now offers over 70 digital asset ETPs across leading European exchanges, reinforcing its leadership in the market and accelerating progress toward its goal of 100 ETPs by the end of 2025.

    TORONTO, June 18, 2025 (GLOBE NEWSWIRE) — DeFi Technologies Inc. (the “Company” or “DeFi Technologies”) (Nasdaq: DEFT) (CBOE CA: DEFI) (GR: R9B), a financial technology company bridging the gap between traditional capital markets and decentralized finance (“DeFi”), is pleased to announce that its subsidiary, Valour Inc., and Valour Digital Securities Limited (together, “Valour“), a leading issuer of exchange traded products (“ETPs“) has launched four new SEK-denominated ETPs on the Spotlight Stock Market in Sweden:

    • Valour Mantra (OM) SEK ETP – ISIN: CH1108679908
    • Valour Tron (TRX) SEK ETP – ISIN: CH1108679916
    • Valour Stellar (XLM) SEK ETP – ISIN: CH1108679973
    • Valour Tether Gold (XAUt) SEK ETP – ISIN: CH1108679981

    These new listings further broaden Valour’s presence in the Nordics and strengthen its mission to deliver secure, transparent, and regulated access to a diverse range of digital assets through traditional brokerage platforms.

    About the Newly Listed ETPs

    Valour Mantra (OM) ETP
    Mantra is a leading protocol focused on real-world asset tokenization and compliant DeFi infrastructure. As institutional interest in tokenized financial products grows, OM plays a critical role in bridging traditional finance with on-chain applications.

    Valour Tron (TRX) ETP
    Tron is a high-performance, layer-1 blockchain known for its high throughput, low fees, and strong presence in DeFi and entertainment-focused applications. With billions of daily transactions and one of the largest stablecoin networks, Tron remains a top digital asset by market capitalization.

    Valour Stellar (XLM) ETP
    Stellar is a blockchain optimized for global payments and remittances. Its consensus protocol and low-cost transactions make it ideal for cross-border financial infrastructure, particularly in emerging markets and institutional settlement use cases.

    Valour Tether Gold (XAUt) ETP
    Tether Gold (XAUt) is a token backed by physical gold, offering the security of a hard asset with the accessibility of a digital token. The ETP provides investors with exposure to tokenized gold via a regulated, exchange-listed product, appealing to those seeking a hedge against inflation and fiat currency risk.

    Each product can be purchased and sold through standard brokerage platforms, offering streamlined access for both retail and institutional investors. The management fee is 1.9% for OM, TRX, and XLM, while Tether Gold (XAUt) features a fee of 0.45%.

    Executive Commentary

    Johanna Belitz, Head of Nordics at Valour, commented:
    “The launch of these four new products reflects our continued commitment to Nordic investors. We’re seeing increased demand for diversified exposure—not only to large-cap crypto assets but also to gold-backed tokens and emerging protocols like Mantra. With the world’s first ETP on Tether Gold, we’re bridging traditional gold investment with the transparency and efficiency of blockchain. Our goal is to deliver that access in a simple, familiar, and fully regulated format.”

    Elaine Buehler, Head of Products at Valour, added:
    “These new ETPs represent a major leap forward, not only offering access to leading digital assets like Tron and Stellar but also bridging real-world financial systems with next-gen blockchain protocols. What makes them extraordinary is their ability to unlock new markets—Mantra’s tokenized real-world asset focus is revolutionizing compliance in DeFi, while Tether Gold offers a digital-native solution for investors seeking the stability of gold as a hedge against inflation.”

    With these new listings, Valour has now surpassed 70 digital asset ETPs—offering the most comprehensive lineup in Europe—and remains on pace to reach its goal of 100 ETPs by the end of 2025. These products are currently listed on major European exchanges including Spotlight (Sweden), Börse Frankfurt (Germany), and Euronext (Paris and Amsterdam), with continued expansion planned in additional global markets.

    About DeFi Technologies
    DeFi Technologies Inc. (Nasdaq: DEFT) (CBOE CA: DEFI) (GR: R9B) is a financial technology company bridging the gap between traditional capital markets and decentralized finance (“DeFi”). As the first Nasdaq-listed digital asset manager of its kind, DeFi Technologies offers equity investors diversified exposure to the broader decentralized economy through its integrated and scalable business model. This includes Valour, which offers access to over sixty-five of the world’s most innovative digital assets via regulated ETPs; Stillman Digital, a digital asset prime brokerage focused on institutional-grade execution and custody; Reflexivity Research, which provides leading research into the digital asset space; Neuronomics, which develops quantitative trading strategies and infrastructure; and DeFi Alpha, the company’s internal arbitrage and trading business line. With deep expertise across capital markets and emerging technologies, DeFi Technologies is building the institutional gateway to the future of finance. Follow DeFi Technologies on LinkedIn and X/Twitter, and for more details, visit https://defi.tech/  

    DeFi Technologies Subsidiaries

    About Valour
    Valour Inc. and Valour Digital Securities Limited (together, “Valour”) issues exchange traded products (“ETPs”) that enable retail and institutional investors to access digital assets in a simple and secure way via their traditional bank account. Valour is part of the asset management business line of DeFi Technologies. For more information about Valour, to subscribe, or to receive updates, visit valour.com.

    About Reflexivity Research
    Reflexivity Research LLC is a leading research firm specializing in the creation of high-quality, in-depth research reports for the bitcoin and digital asset industry, empowering investors with valuable insights. For more information please visit https://www.reflexivityresearch.com/

    About Stillman Digital
    Stillman Digital is a leading digital asset liquidity provider that offers limitless liquidity solutions for businesses, focusing on industry-leading trade execution, settlement, and technology. For more information, please visit https://www.stillmandigital.com

    About Neuronomics AG
    Neuronomics AG is a Swiss asset management firm specializing in AI-powered quantitative trading strategies. By integrating artificial intelligence, computational neuroscience and quantitative finance, Neuronomics delivers cutting-edge solutions that drive superior risk-adjusted performance in financial markets. For more information please visit https://www.neuronomics.com/

    Cautionary note regarding forward-looking information:
    This press release contains “forward-looking information” within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to the the listing of Valour Mantra (OM) ETP, Valour Tron (TRX) ETP, Valour Stellar (XLM) ETP and Valour Tether Gold (XAUt) ETP; the development of the Mantra protocol, Tron blockchain, Stellar blockchain and Tether Gold token; development of additional ETPs and the number of ETPs anticipated by end of 2025; investor confidence in Valour’s ETPs; investor interest and confidence in digital assets; the regulatory environment with respect to the growth and adoption of decentralized finance; the pursuit by the Company and its subsidiaries of business opportunities; and the merits or potential returns of any such opportunities. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company, as the case may be, to be materially different from those expressed or implied by such forward-looking information. Such risks, uncertainties and other factors include, but is not limited the acceptance of Valour ETPs by exchanges; growth and development of decentralised finance and cryptocurrency sector; rules and regulations with respect to decentralised finance and cryptocurrency; general business, economic, competitive, political and social uncertainties. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

    THE CBOE CANADA EXCHANGE DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE

    For further information, please contact:

    Olivier Roussy Newton
    Chief Executive Officer
    ir@defi.tech
    (323) 537-7681

    The MIL Network –

  • MIL-OSI: Valour Launches Four New ETPs on Spotlight Stock Market: Mantra (OM), Tron (TRX), Stellar (XLM), and Tether Gold (XAUT)

    Source: GlobeNewswire (MIL-OSI)

    • Valour Expands Nordic Footprint with Four New Listings: Valour, a subsidiary of DeFi Technologies, has launched SEK-denominated ETPs for Mantra (OM), Tron (TRX), Stellar (XLM), and Tether Gold (XAUt) on Sweden’s Spotlight Stock Market, broadening investor access to diversified digital asset exposure.
    • Exposure to Emerging Protocols and Tokenized Gold: These new ETPs provide regulated access to a range of assets—from tokenized gold to real-world asset protocols—serving growing investor demand for both traditional and next-generation blockchain applications.
    • On Track Toward 100 ETPs by Year-End: With these additions, Valour now offers over 70 digital asset ETPs across leading European exchanges, reinforcing its leadership in the market and accelerating progress toward its goal of 100 ETPs by the end of 2025.

    TORONTO, June 18, 2025 (GLOBE NEWSWIRE) — DeFi Technologies Inc. (the “Company” or “DeFi Technologies”) (Nasdaq: DEFT) (CBOE CA: DEFI) (GR: R9B), a financial technology company bridging the gap between traditional capital markets and decentralized finance (“DeFi”), is pleased to announce that its subsidiary, Valour Inc., and Valour Digital Securities Limited (together, “Valour“), a leading issuer of exchange traded products (“ETPs“) has launched four new SEK-denominated ETPs on the Spotlight Stock Market in Sweden:

    • Valour Mantra (OM) SEK ETP – ISIN: CH1108679908
    • Valour Tron (TRX) SEK ETP – ISIN: CH1108679916
    • Valour Stellar (XLM) SEK ETP – ISIN: CH1108679973
    • Valour Tether Gold (XAUt) SEK ETP – ISIN: CH1108679981

    These new listings further broaden Valour’s presence in the Nordics and strengthen its mission to deliver secure, transparent, and regulated access to a diverse range of digital assets through traditional brokerage platforms.

    About the Newly Listed ETPs

    Valour Mantra (OM) ETP
    Mantra is a leading protocol focused on real-world asset tokenization and compliant DeFi infrastructure. As institutional interest in tokenized financial products grows, OM plays a critical role in bridging traditional finance with on-chain applications.

    Valour Tron (TRX) ETP
    Tron is a high-performance, layer-1 blockchain known for its high throughput, low fees, and strong presence in DeFi and entertainment-focused applications. With billions of daily transactions and one of the largest stablecoin networks, Tron remains a top digital asset by market capitalization.

    Valour Stellar (XLM) ETP
    Stellar is a blockchain optimized for global payments and remittances. Its consensus protocol and low-cost transactions make it ideal for cross-border financial infrastructure, particularly in emerging markets and institutional settlement use cases.

    Valour Tether Gold (XAUt) ETP
    Tether Gold (XAUt) is a token backed by physical gold, offering the security of a hard asset with the accessibility of a digital token. The ETP provides investors with exposure to tokenized gold via a regulated, exchange-listed product, appealing to those seeking a hedge against inflation and fiat currency risk.

    Each product can be purchased and sold through standard brokerage platforms, offering streamlined access for both retail and institutional investors. The management fee is 1.9% for OM, TRX, and XLM, while Tether Gold (XAUt) features a fee of 0.45%.

    Executive Commentary

    Johanna Belitz, Head of Nordics at Valour, commented:
    “The launch of these four new products reflects our continued commitment to Nordic investors. We’re seeing increased demand for diversified exposure—not only to large-cap crypto assets but also to gold-backed tokens and emerging protocols like Mantra. With the world’s first ETP on Tether Gold, we’re bridging traditional gold investment with the transparency and efficiency of blockchain. Our goal is to deliver that access in a simple, familiar, and fully regulated format.”

    Elaine Buehler, Head of Products at Valour, added:
    “These new ETPs represent a major leap forward, not only offering access to leading digital assets like Tron and Stellar but also bridging real-world financial systems with next-gen blockchain protocols. What makes them extraordinary is their ability to unlock new markets—Mantra’s tokenized real-world asset focus is revolutionizing compliance in DeFi, while Tether Gold offers a digital-native solution for investors seeking the stability of gold as a hedge against inflation.”

    With these new listings, Valour has now surpassed 70 digital asset ETPs—offering the most comprehensive lineup in Europe—and remains on pace to reach its goal of 100 ETPs by the end of 2025. These products are currently listed on major European exchanges including Spotlight (Sweden), Börse Frankfurt (Germany), and Euronext (Paris and Amsterdam), with continued expansion planned in additional global markets.

    About DeFi Technologies
    DeFi Technologies Inc. (Nasdaq: DEFT) (CBOE CA: DEFI) (GR: R9B) is a financial technology company bridging the gap between traditional capital markets and decentralized finance (“DeFi”). As the first Nasdaq-listed digital asset manager of its kind, DeFi Technologies offers equity investors diversified exposure to the broader decentralized economy through its integrated and scalable business model. This includes Valour, which offers access to over sixty-five of the world’s most innovative digital assets via regulated ETPs; Stillman Digital, a digital asset prime brokerage focused on institutional-grade execution and custody; Reflexivity Research, which provides leading research into the digital asset space; Neuronomics, which develops quantitative trading strategies and infrastructure; and DeFi Alpha, the company’s internal arbitrage and trading business line. With deep expertise across capital markets and emerging technologies, DeFi Technologies is building the institutional gateway to the future of finance. Follow DeFi Technologies on LinkedIn and X/Twitter, and for more details, visit https://defi.tech/  

    DeFi Technologies Subsidiaries

    About Valour
    Valour Inc. and Valour Digital Securities Limited (together, “Valour”) issues exchange traded products (“ETPs”) that enable retail and institutional investors to access digital assets in a simple and secure way via their traditional bank account. Valour is part of the asset management business line of DeFi Technologies. For more information about Valour, to subscribe, or to receive updates, visit valour.com.

    About Reflexivity Research
    Reflexivity Research LLC is a leading research firm specializing in the creation of high-quality, in-depth research reports for the bitcoin and digital asset industry, empowering investors with valuable insights. For more information please visit https://www.reflexivityresearch.com/

    About Stillman Digital
    Stillman Digital is a leading digital asset liquidity provider that offers limitless liquidity solutions for businesses, focusing on industry-leading trade execution, settlement, and technology. For more information, please visit https://www.stillmandigital.com

    About Neuronomics AG
    Neuronomics AG is a Swiss asset management firm specializing in AI-powered quantitative trading strategies. By integrating artificial intelligence, computational neuroscience and quantitative finance, Neuronomics delivers cutting-edge solutions that drive superior risk-adjusted performance in financial markets. For more information please visit https://www.neuronomics.com/

    Cautionary note regarding forward-looking information:
    This press release contains “forward-looking information” within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to the the listing of Valour Mantra (OM) ETP, Valour Tron (TRX) ETP, Valour Stellar (XLM) ETP and Valour Tether Gold (XAUt) ETP; the development of the Mantra protocol, Tron blockchain, Stellar blockchain and Tether Gold token; development of additional ETPs and the number of ETPs anticipated by end of 2025; investor confidence in Valour’s ETPs; investor interest and confidence in digital assets; the regulatory environment with respect to the growth and adoption of decentralized finance; the pursuit by the Company and its subsidiaries of business opportunities; and the merits or potential returns of any such opportunities. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company, as the case may be, to be materially different from those expressed or implied by such forward-looking information. Such risks, uncertainties and other factors include, but is not limited the acceptance of Valour ETPs by exchanges; growth and development of decentralised finance and cryptocurrency sector; rules and regulations with respect to decentralised finance and cryptocurrency; general business, economic, competitive, political and social uncertainties. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

    THE CBOE CANADA EXCHANGE DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE

    For further information, please contact:

    Olivier Roussy Newton
    Chief Executive Officer
    ir@defi.tech
    (323) 537-7681

    The MIL Network –

  • MIL-OSI: Purpose Investments Launches Purpose XRP ETF, Adding to Its Diverse and Growing Suite of Digital Asset ETFs

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, June 18, 2025 (GLOBE NEWSWIRE) — Purpose Investments Inc. (“Purpose”), the firm behind the world’s first spot Bitcoin ETF and Canada’s largest digital asset ETF manager*, is expanding its digital asset suite with the launch of the Purpose XRP ETF, now trading on the TSX under the ticker XRPP. The ETF offers spot exposure to XRP — the native token of the XRP Ledger (XRPL), a decentralized blockchain designed to enable fast, low-cost international payments and financial settlement. The ETF will be available in CAD-hedged (TSX: XRPP), CAD non-hedged (TSX: XRPP.B), and US dollar (TSX: XRPP.U) units.

    A Token Engineered for Impact. A Firm Committed to Access.

    “Canadian investors continue to look for simple, safe, and transparent ways to access the digital asset market, and the XRP ETF has been one of the most requested digital assets in our lineup, thanks to XRP’s design for fast, low-cost global payments,” said Vlad Tasevski, Chief Innovation Officer. “With this launch, we’re not just adding another ETF – we’re expanding a platform built to reshape how Canadians access the future of finance. Our track record in digital assets reflects a deep belief in blockchain’s real-world potential, and we remain focused on trust, access, and education to help investors and advisors navigate this evolving space with clarity and confidence.”

    Designed for Real-World Use and Real Portfolios

    XRP stands out in a crowded digital asset landscape for its real-world use case and growing interest. As demand builds for blockchain solutions that go beyond speculation, the Purpose XRP ETF offers investors a clear, simplified way to gain exposure to an asset based on a network built for scale, speed, and financial infrastructure through a regulated, advisor-ready vehicle.

    Key Benefits

    • Direct Spot Exposure to XRP: Get direct access to XRP, the native asset of the XRP Ledger, purpose-built for fast, low-cost transactions and real-world financial use.
    • CAD-Hedged Option: The only XRP ETF in Canada offering CAD-hedged units, helping investors eliminate U.S. dollar currency risk.
    • Institutional-Grade Structure: Securely held in cold storage with trusted custodians, Gemini and Coinbase, and supported by Purpose’s experience operating regulated crypto funds.
    • Registered Accounts Eligible: Hold XRP in TFSAs, RRSPs, and other registered accounts without managing wallets, keys, or crypto exchanges.

    “The Purpose XRP ETF is a streamlined, advisor-ready solution that transforms XRP’s real-world utility into a secure, investable format,” said Paul Pincente, VP of Digital Assets at Purpose Investments. “We designed this ETF to remove the operational hurdles of managing crypto directly, offering investors access to XRP through a regulated ETF structure with institutional-grade custody. It’s built for portfolios, backed by experience, and engineered to meet the growing demand for practical blockchain exposure.”

    From Bitcoin to XRP: An ETF Platform Built for the Future of Digital Investing

    Purpose offers the most expansive and diverse suite of digital asset ETFs in Canada — built to meet the needs of today’s investors, whether they’re tactically allocating, seeking long-term exposure, or generating income from crypto assets.

    The Purpose Digital Asset lineup includes:

    • Purpose Bitcoin ETF (BTCC) and Purpose Ether ETF (ETHH): High-liquidity ETFs offering direct access to Bitcoin and Ether, with premium features tailored for investors and institutional users.
    • Purpose Core Bitcoin ETF (BTCO) and Purpose Core Ether ETF (ETHO): Low-fee, simplified Bitcoin and Ether ETFs designed for long-term buy-and-hold investors.  
    • Purpose Bitcoin Yield ETF (BTCY) and Purpose Ether Yield ETF (ETHY): Yield-focused strategies using covered calls to help investors earn from their crypto exposure.
    • Purpose Ether Staking Corp. ETF (ETHC.B): A regulated solution for accessing Ethereum’s proof-of-stake rewards through Purpose’s in-house infrastructure.
    • Purpose Solana ETF (SOLL): Exposure to one of the fastest-growing ecosystems in crypto, with staking built in and institutional-grade custody.
    • Purpose XRP ETF (XRPP): Direct access to XRP, the native asset of the XRP Ledger, designed for fast, low-cost global payments — with CAD-hedged units and institutional-grade custody.

    By redefining what digital asset investing looks like, Purpose is making it easier, safer, and smarter for investors to participate in a rapidly evolving space. As blockchain technology reshapes global finance, Purpose remains committed to bridging the gap between traditional investing and the decentralized future.

    About Purpose Investments

    Purpose Investments is an asset management company with over $24 billion in assets under management, focused on client-centric innovation across ETFs and investment funds. Purpose is a division of Purpose Unlimited, an independent financial technology company led by entrepreneur Som Seif.

    For further information, please email us at info@purposeinvest.com.

    Media inquiries:
    Keera Hart
    keera.hart@kaiserpartners.com
    905-580-1257

    *By digital asset ETFs under management as of April 24, 2025.

    The content of this document is for informational purposes only and is not being provided in the context of an offering of any securities described herein, nor is it a recommendation or solicitation to buy, hold or sell any security. Information contained in this document is not, and under no circumstances is it to be construed as, an offering memorandum, prospectus, advertisement or public offering of securities. No securities commission or similar regulatory authority has reviewed this information, and any representation to the contrary is an offence. The information contained in this document is believed to be accurate and reliable; however, we cannot guarantee that it is complete or current at all times. The information provided is subject to change without notice.

    Commissions, trailing commissions, management fees and expenses may all be associated with investment fund investments. Please read the prospectus and other disclosure documents before investing. Copies of the Prospectus may be obtained from purposeinvest.com. There can be no assurance that the full amount of your investment in a fund will be returned to you. If the securities are purchased or sold on a stock exchange, you may pay more or receive less than the current net asset value. Investment funds are not guaranteed; their values change frequently, and past performance may not be repeated. Crypto assets can be extremely volatile, and there is no guarantee that the amount invested will be returned to you.

    Certain statements in this document may be forward-looking. Forward-looking statements (“FLS”) are statements that are predictive in nature, depend on or refer to future events or conditions, or that include words such as “may,” “will,” “should,” “could,” “expect,” “anticipate,” “intend,” “plan,” “believe,” “estimate” or other similar expressions. Statements that look forward in time or include anything other than historical information are subject to risks and uncertainties, and actual results, actions or events could differ materially from those set forth in the FLS. FLS are not guarantees of future performance and are, by their nature, based on numerous assumptions. Although the FLS contained in this document are based upon what Purpose Investments believes to be reasonable assumptions, Purpose Investments cannot assure that actual results will be consistent with these FLS. The reader is cautioned to consider the FLS carefully and not to place undue reliance on the FLS. Unless required by applicable law, it is not undertaken, and specifically disclaimed, that there is any intention or obligation to update or revise FLS, whether as a result of new information, future events or otherwise.

    The MIL Network –

  • MIL-OSI: Purpose Investments Launches Purpose XRP ETF, Adding to Its Diverse and Growing Suite of Digital Asset ETFs

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, June 18, 2025 (GLOBE NEWSWIRE) — Purpose Investments Inc. (“Purpose”), the firm behind the world’s first spot Bitcoin ETF and Canada’s largest digital asset ETF manager*, is expanding its digital asset suite with the launch of the Purpose XRP ETF, now trading on the TSX under the ticker XRPP. The ETF offers spot exposure to XRP — the native token of the XRP Ledger (XRPL), a decentralized blockchain designed to enable fast, low-cost international payments and financial settlement. The ETF will be available in CAD-hedged (TSX: XRPP), CAD non-hedged (TSX: XRPP.B), and US dollar (TSX: XRPP.U) units.

    A Token Engineered for Impact. A Firm Committed to Access.

    “Canadian investors continue to look for simple, safe, and transparent ways to access the digital asset market, and the XRP ETF has been one of the most requested digital assets in our lineup, thanks to XRP’s design for fast, low-cost global payments,” said Vlad Tasevski, Chief Innovation Officer. “With this launch, we’re not just adding another ETF – we’re expanding a platform built to reshape how Canadians access the future of finance. Our track record in digital assets reflects a deep belief in blockchain’s real-world potential, and we remain focused on trust, access, and education to help investors and advisors navigate this evolving space with clarity and confidence.”

    Designed for Real-World Use and Real Portfolios

    XRP stands out in a crowded digital asset landscape for its real-world use case and growing interest. As demand builds for blockchain solutions that go beyond speculation, the Purpose XRP ETF offers investors a clear, simplified way to gain exposure to an asset based on a network built for scale, speed, and financial infrastructure through a regulated, advisor-ready vehicle.

    Key Benefits

    • Direct Spot Exposure to XRP: Get direct access to XRP, the native asset of the XRP Ledger, purpose-built for fast, low-cost transactions and real-world financial use.
    • CAD-Hedged Option: The only XRP ETF in Canada offering CAD-hedged units, helping investors eliminate U.S. dollar currency risk.
    • Institutional-Grade Structure: Securely held in cold storage with trusted custodians, Gemini and Coinbase, and supported by Purpose’s experience operating regulated crypto funds.
    • Registered Accounts Eligible: Hold XRP in TFSAs, RRSPs, and other registered accounts without managing wallets, keys, or crypto exchanges.

    “The Purpose XRP ETF is a streamlined, advisor-ready solution that transforms XRP’s real-world utility into a secure, investable format,” said Paul Pincente, VP of Digital Assets at Purpose Investments. “We designed this ETF to remove the operational hurdles of managing crypto directly, offering investors access to XRP through a regulated ETF structure with institutional-grade custody. It’s built for portfolios, backed by experience, and engineered to meet the growing demand for practical blockchain exposure.”

    From Bitcoin to XRP: An ETF Platform Built for the Future of Digital Investing

    Purpose offers the most expansive and diverse suite of digital asset ETFs in Canada — built to meet the needs of today’s investors, whether they’re tactically allocating, seeking long-term exposure, or generating income from crypto assets.

    The Purpose Digital Asset lineup includes:

    • Purpose Bitcoin ETF (BTCC) and Purpose Ether ETF (ETHH): High-liquidity ETFs offering direct access to Bitcoin and Ether, with premium features tailored for investors and institutional users.
    • Purpose Core Bitcoin ETF (BTCO) and Purpose Core Ether ETF (ETHO): Low-fee, simplified Bitcoin and Ether ETFs designed for long-term buy-and-hold investors.  
    • Purpose Bitcoin Yield ETF (BTCY) and Purpose Ether Yield ETF (ETHY): Yield-focused strategies using covered calls to help investors earn from their crypto exposure.
    • Purpose Ether Staking Corp. ETF (ETHC.B): A regulated solution for accessing Ethereum’s proof-of-stake rewards through Purpose’s in-house infrastructure.
    • Purpose Solana ETF (SOLL): Exposure to one of the fastest-growing ecosystems in crypto, with staking built in and institutional-grade custody.
    • Purpose XRP ETF (XRPP): Direct access to XRP, the native asset of the XRP Ledger, designed for fast, low-cost global payments — with CAD-hedged units and institutional-grade custody.

    By redefining what digital asset investing looks like, Purpose is making it easier, safer, and smarter for investors to participate in a rapidly evolving space. As blockchain technology reshapes global finance, Purpose remains committed to bridging the gap between traditional investing and the decentralized future.

    About Purpose Investments

    Purpose Investments is an asset management company with over $24 billion in assets under management, focused on client-centric innovation across ETFs and investment funds. Purpose is a division of Purpose Unlimited, an independent financial technology company led by entrepreneur Som Seif.

    For further information, please email us at info@purposeinvest.com.

    Media inquiries:
    Keera Hart
    keera.hart@kaiserpartners.com
    905-580-1257

    *By digital asset ETFs under management as of April 24, 2025.

    The content of this document is for informational purposes only and is not being provided in the context of an offering of any securities described herein, nor is it a recommendation or solicitation to buy, hold or sell any security. Information contained in this document is not, and under no circumstances is it to be construed as, an offering memorandum, prospectus, advertisement or public offering of securities. No securities commission or similar regulatory authority has reviewed this information, and any representation to the contrary is an offence. The information contained in this document is believed to be accurate and reliable; however, we cannot guarantee that it is complete or current at all times. The information provided is subject to change without notice.

    Commissions, trailing commissions, management fees and expenses may all be associated with investment fund investments. Please read the prospectus and other disclosure documents before investing. Copies of the Prospectus may be obtained from purposeinvest.com. There can be no assurance that the full amount of your investment in a fund will be returned to you. If the securities are purchased or sold on a stock exchange, you may pay more or receive less than the current net asset value. Investment funds are not guaranteed; their values change frequently, and past performance may not be repeated. Crypto assets can be extremely volatile, and there is no guarantee that the amount invested will be returned to you.

    Certain statements in this document may be forward-looking. Forward-looking statements (“FLS”) are statements that are predictive in nature, depend on or refer to future events or conditions, or that include words such as “may,” “will,” “should,” “could,” “expect,” “anticipate,” “intend,” “plan,” “believe,” “estimate” or other similar expressions. Statements that look forward in time or include anything other than historical information are subject to risks and uncertainties, and actual results, actions or events could differ materially from those set forth in the FLS. FLS are not guarantees of future performance and are, by their nature, based on numerous assumptions. Although the FLS contained in this document are based upon what Purpose Investments believes to be reasonable assumptions, Purpose Investments cannot assure that actual results will be consistent with these FLS. The reader is cautioned to consider the FLS carefully and not to place undue reliance on the FLS. Unless required by applicable law, it is not undertaken, and specifically disclaimed, that there is any intention or obligation to update or revise FLS, whether as a result of new information, future events or otherwise.

    The MIL Network –

  • MIL-OSI: IT Teams are Losing Visibility as Tech Cost Pressures Mount, According to Flexera 2025 State of ITAM Report

    Source: GlobeNewswire (MIL-OSI)

    ITASCA, Ill., June 18, 2025 (GLOBE NEWSWIRE) — Flexera, the global leader in technology spend and risk management, today released the Flexera 2025 State of ITAM Report, which reveals a concerning decline in complete visibility across the technology stack – down to 43% from 47% year-over-year. Yet, as pressure mounts to optimize costs, the collaboration of IT asset management (ITAM) with cloud (44%) and FinOps (38%) teams is on the rise, suggesting that ITAM teams are increasingly working across organizational silos to address comprehensive visibility challenges, increase financial accountability and drive operational efficiency.

    Flexera’s annual report surveys global IT professionals to explore how the evolution of ITAM, FinOps, security, software asset management (SAM) and hardware asset management (HAM) teams influences the value they deliver. It also examines IT investment trends across public, hybrid, and SaaS technologies.

    “Complete visibility across IT assets is foundational to every good technology decision,” said Becky Trevino, Chief Product Officer at Flexera. “The fact that it’s slipping at a time when organizations are under intense pressure to rationalize costs is a real concern. You can’t optimize what you can’t see and without clear insight into the entire technology stack, it’s nearly impossible to eliminate waste, ensure compliance, or make cost-effective investment decisions. This year’s report showcases why the collaboration between ITAM and FinOps is no longer optional—it’s a strategic imperative.”

    Highlights from the latest Flexera State of ITAM Report include:

    • Minimizing SaaS sprawl is an increasing imperative: Thirty-five percent of respondents say SaaS waste has increased over the past year, suggesting that the financial impact of underutilized SaaS subscriptions is taking a toll on budgets. In addition, SAM professionals are doubling down on SaaS oversight, with 59% actively tracking usage and 56% rightsizing contracts and subscriptions to eliminate unnecessary spend.  
    • Software use rights take the spotlight: The report also highlights a dramatic rise in the challenge of managing software use rights—now ranked as the number one concern for SAM teams, up from sixth place just a year ago. This surge is largely attributed to the growing complexity of cloud-based licensing models and the rapid migration of enterprise resources to cloud environments.
    • Audits still plague organizations (and their bottom line): Nearly half (45%) of surveyed organizations report spending over $1 million on software audits over the past three years, a figure one percentage point less than 2024. Twenty-three percent of organizations spent more than $5 million on audits in 2025, a slight increase from 2024. The findings suggest that the intricacies of software use rights and the continued shift to the cloud are keeping audit defense high on the agenda of IT teams.
    • Microsoft continues audit streak: Half of respondents said Microsoft audited their organization in the past three years. The tech giant has remained at the top of this list for the past several reports, followed closely by IBM (37%). There was a slight increase in audits reported from SAP (32%) and ServiceNow (21%) compared to last year’s findings. Adobe (24%) remained unchanged, but Oracle decreased from 31% to 24% and Salesforce dropped from 25% to 20% year over year.

    This year’s findings underscore the urgent need for smarter, more agile SAM strategies as organizations strive to balance innovation with fiscal responsibility.

    “The role of ITAM is shifting from operational to transformational,” said Phil Perfetti, senior product marketing manager at Flexera. “While visibility into cloud licenses is gradually improving, the complexity of managing hybrid IT environments is also increasing, and any serious blind spots are a problem that modern organizations can no longer afford.”

    The full survey results are available in the Flexera 2025 State of ITAM Report, which explores the thinking of 506 global IT professionals across industries and context areas.

    To download the full report, please visit: http://www.flexera.com/stateofitam

    Follow Flexera

    About Flexera

    Flexera helps organizations understand and maximize the value of their technology, saving billions of dollars in wasted spend. Powered by the Flexera Technology Intelligence Platform, our award-winning IT asset management, FinOps and SaaS management solutions provide comprehensive visibility and actionable insights on an organization’s entire IT ecosystem. This intelligence enables IT, finance, procurement, FinOps and cloud teams to address skyrocketing costs, optimize spend, mitigate risk and identify opportunities to create positive business outcomes. More than 50,000 global organizations rely on Flexera and its Technopedia reference library, the largest repository of technology asset data. Learn more at flexera.com.

    For more information, contact:

    Ciri Haugh
    Flexera
    publicrelations@flexera.com

    The MIL Network –

  • MIL-OSI: IT Teams are Losing Visibility as Tech Cost Pressures Mount, According to Flexera 2025 State of ITAM Report

    Source: GlobeNewswire (MIL-OSI)

    ITASCA, Ill., June 18, 2025 (GLOBE NEWSWIRE) — Flexera, the global leader in technology spend and risk management, today released the Flexera 2025 State of ITAM Report, which reveals a concerning decline in complete visibility across the technology stack – down to 43% from 47% year-over-year. Yet, as pressure mounts to optimize costs, the collaboration of IT asset management (ITAM) with cloud (44%) and FinOps (38%) teams is on the rise, suggesting that ITAM teams are increasingly working across organizational silos to address comprehensive visibility challenges, increase financial accountability and drive operational efficiency.

    Flexera’s annual report surveys global IT professionals to explore how the evolution of ITAM, FinOps, security, software asset management (SAM) and hardware asset management (HAM) teams influences the value they deliver. It also examines IT investment trends across public, hybrid, and SaaS technologies.

    “Complete visibility across IT assets is foundational to every good technology decision,” said Becky Trevino, Chief Product Officer at Flexera. “The fact that it’s slipping at a time when organizations are under intense pressure to rationalize costs is a real concern. You can’t optimize what you can’t see and without clear insight into the entire technology stack, it’s nearly impossible to eliminate waste, ensure compliance, or make cost-effective investment decisions. This year’s report showcases why the collaboration between ITAM and FinOps is no longer optional—it’s a strategic imperative.”

    Highlights from the latest Flexera State of ITAM Report include:

    • Minimizing SaaS sprawl is an increasing imperative: Thirty-five percent of respondents say SaaS waste has increased over the past year, suggesting that the financial impact of underutilized SaaS subscriptions is taking a toll on budgets. In addition, SAM professionals are doubling down on SaaS oversight, with 59% actively tracking usage and 56% rightsizing contracts and subscriptions to eliminate unnecessary spend.  
    • Software use rights take the spotlight: The report also highlights a dramatic rise in the challenge of managing software use rights—now ranked as the number one concern for SAM teams, up from sixth place just a year ago. This surge is largely attributed to the growing complexity of cloud-based licensing models and the rapid migration of enterprise resources to cloud environments.
    • Audits still plague organizations (and their bottom line): Nearly half (45%) of surveyed organizations report spending over $1 million on software audits over the past three years, a figure one percentage point less than 2024. Twenty-three percent of organizations spent more than $5 million on audits in 2025, a slight increase from 2024. The findings suggest that the intricacies of software use rights and the continued shift to the cloud are keeping audit defense high on the agenda of IT teams.
    • Microsoft continues audit streak: Half of respondents said Microsoft audited their organization in the past three years. The tech giant has remained at the top of this list for the past several reports, followed closely by IBM (37%). There was a slight increase in audits reported from SAP (32%) and ServiceNow (21%) compared to last year’s findings. Adobe (24%) remained unchanged, but Oracle decreased from 31% to 24% and Salesforce dropped from 25% to 20% year over year.

    This year’s findings underscore the urgent need for smarter, more agile SAM strategies as organizations strive to balance innovation with fiscal responsibility.

    “The role of ITAM is shifting from operational to transformational,” said Phil Perfetti, senior product marketing manager at Flexera. “While visibility into cloud licenses is gradually improving, the complexity of managing hybrid IT environments is also increasing, and any serious blind spots are a problem that modern organizations can no longer afford.”

    The full survey results are available in the Flexera 2025 State of ITAM Report, which explores the thinking of 506 global IT professionals across industries and context areas.

    To download the full report, please visit: http://www.flexera.com/stateofitam

    Follow Flexera

    About Flexera

    Flexera helps organizations understand and maximize the value of their technology, saving billions of dollars in wasted spend. Powered by the Flexera Technology Intelligence Platform, our award-winning IT asset management, FinOps and SaaS management solutions provide comprehensive visibility and actionable insights on an organization’s entire IT ecosystem. This intelligence enables IT, finance, procurement, FinOps and cloud teams to address skyrocketing costs, optimize spend, mitigate risk and identify opportunities to create positive business outcomes. More than 50,000 global organizations rely on Flexera and its Technopedia reference library, the largest repository of technology asset data. Learn more at flexera.com.

    For more information, contact:

    Ciri Haugh
    Flexera
    publicrelations@flexera.com

    The MIL Network –

  • MIL-OSI: Esker Expands European Field Presence with New Office in Ghent, Belgium

    Source: GlobeNewswire (MIL-OSI)

    Press Release

    Esker Expands European Field Presence with New Office in Ghent, Belgium

    LYON, France, and MIDDLETON, Wis. — June 18, 2025 — Esker, a global cloud platform and leader in AI-driven process automation solutions for finance and customer service functions, is proud to announce the opening of its new office in Ghent, Belgium, further strengthening its presence in the Benelux region (Belgium, the Netherlands and Luxembourg).

    The new Ghent office will enable Esker to better serve its growing customer base in a region known for its economic vitality and innovation, particularly in the industrial and biotechnology sectors.

    Esker already supports several major customers in the Benelux region, including Abbott, Atlas Copco, Greenyard, Heineken and Ineos, and maintains a strong partnership with KPMG in the Netherlands. The new Ghent office enables Esker to be even closer to these customers and provide more localized support.

    Adelin Odent, who has led Esker’s operations in the Benelux region for over a decade, has been appointed Managing Director for Esker Benelux.

    “I’m thrilled to lead Esker’s expansion in this strategically important region,” said Odent. “Opening our office in Ghent brings us closer to our customers and partners, and allows us to better support their digital transformation journeys. We’re also looking to scale up the workforce in the region and attract top local talent to drive our continued success.”

    About Esker

    Esker is the global authority in AI-powered business solutions for the Office of the CFO. Leveraging the latest in automation technologies, Esker’s Source-to-Pay and Order-to-Cash solutions optimize working capital and cashflow, enhance decision-making, and drive better collaboration and human-to-human relationships with customers, suppliers and employees. Esker operates in North America, Latin America, Europe and Asia Pacific with global headquarters in Lyon, France, and U.S. headquarters in Madison, Wisconsin. For more information on Esker and its solutions, visit www.esker.com. Follow Esker on LinkedIn and join the conversation.

    Attachment

    The MIL Network –

  • MIL-OSI: Esker Expands European Field Presence with New Office in Ghent, Belgium

    Source: GlobeNewswire (MIL-OSI)

    Press Release

    Esker Expands European Field Presence with New Office in Ghent, Belgium

    LYON, France, and MIDDLETON, Wis. — June 18, 2025 — Esker, a global cloud platform and leader in AI-driven process automation solutions for finance and customer service functions, is proud to announce the opening of its new office in Ghent, Belgium, further strengthening its presence in the Benelux region (Belgium, the Netherlands and Luxembourg).

    The new Ghent office will enable Esker to better serve its growing customer base in a region known for its economic vitality and innovation, particularly in the industrial and biotechnology sectors.

    Esker already supports several major customers in the Benelux region, including Abbott, Atlas Copco, Greenyard, Heineken and Ineos, and maintains a strong partnership with KPMG in the Netherlands. The new Ghent office enables Esker to be even closer to these customers and provide more localized support.

    Adelin Odent, who has led Esker’s operations in the Benelux region for over a decade, has been appointed Managing Director for Esker Benelux.

    “I’m thrilled to lead Esker’s expansion in this strategically important region,” said Odent. “Opening our office in Ghent brings us closer to our customers and partners, and allows us to better support their digital transformation journeys. We’re also looking to scale up the workforce in the region and attract top local talent to drive our continued success.”

    About Esker

    Esker is the global authority in AI-powered business solutions for the Office of the CFO. Leveraging the latest in automation technologies, Esker’s Source-to-Pay and Order-to-Cash solutions optimize working capital and cashflow, enhance decision-making, and drive better collaboration and human-to-human relationships with customers, suppliers and employees. Esker operates in North America, Latin America, Europe and Asia Pacific with global headquarters in Lyon, France, and U.S. headquarters in Madison, Wisconsin. For more information on Esker and its solutions, visit www.esker.com. Follow Esker on LinkedIn and join the conversation.

    Attachment

    The MIL Network –

  • MIL-OSI: Houston American Energy Corp. Announces $2.37 Million Registered Direct Offering

    Source: GlobeNewswire (MIL-OSI)

    HOUSTON, TX, June 18, 2025 (GLOBE NEWSWIRE) — Houston American Energy Corp. (NYSE American: HUSA) (the “Company”) today announced that it has entered into a definitive agreement with an institutional investor (the “SPA”) for the purchase and sale of an aggregate of 223,762 shares of common stock (or pre-funded warrants in lieu thereof) at a purchase price of $10.60 per share (or pre-funded warrant in lieu thereof) in a registered direct offering (the “Offering”). 

    The aggregate gross proceeds to the Company of this offering are expected to be approximately $2.37 million, before deducting the placement agent’s fees and other offering expenses payable by the Company. The Company currently intends to use the net proceeds of approximately $2.1 million from the offering for general corporate purposes. The transaction is expected to close on or about June 20, 2025, subject to the satisfaction of customary closing conditions.

    The registered direct offering is being made pursuant to a shelf registration statement on Form S-3 (File No. 333-282778) previously filed by the Company and declared effective by the U.S. Securities and Exchange Commission (“SEC”) on November 4, 2024. A final prospectus supplement and accompanying prospectus describing the terms of the proposed offering will be filed with the SEC and will be available on the SEC’s website located at http://www.sec.gov. Electronic copies of the final prospectus supplement and the accompanying prospectus may be obtained, when available, by contacting Univest Securities, LLC at info@univest.us, or by calling +1 (212) 343-8888.

    Placement Agent Agreement

    On June 17, 2025, in conjunction with the SPA, the Company entered into a Placement Agency Agreement (the “Placement Agency Agreement”) with Univest Securities, LLC to act as the sole placement agent (the “Placement Agent”) in connection with the Offering. Pursuant to the Placement Agency Agreement, the Placement Agent is entitled to a fee equal to an aggregate of 8.0% of the proceeds received by the Company in the Offering and reimbursement of the Placement’s reasonable travel and other out-of-pocket expenses, including reasonable fees, costs and disbursement of its legal counsel, in an amount not to exceed an aggregate of $10,000.

    Equity Purchase Agreement Deferral

    The Company and the purchaser named in the SPA (the “Purchaser”) had previously had ongoing discussions about entering into an equity purchase agreement (the “ELOC Agreement”), which they have decided not to execute at this time. However, if the Company reconsiders the ELOC Agreement and enters into it with the Purchaser, it would likely provide that, upon the terms and subject to the conditions and limitations set forth therein, (particularly the closing of the previously announced Share Exchange Agreement dated February 20, 2025, between the Company and the members of Abundia Financial, LLC (“Abundia”)), the Company would have the right, but not the obligation, to sell to the Purchaser up to $30,000,000 of shares (the “Purchaser Shares”) of the Company’s common stock (the “Common Stock”) from time to time over the 24-month term of the ELOC Agreement. When last discussed by the parties, the price paid by the Purchaser for each share of Common Stock at each closing (each, a “Closing”) was expected to be approximately 96% of the lowest daily volume-weighted average price of the Common Stock during the three trading days following a purchase notice. Based upon market conditions at that time, the Company and the Purchaser also discussed that upon closing under the ELOC Agreement, which was expected to occur after the Company’s closing of the previously described transaction with Abundia, the Company would potentially issue a number of shares of restricted Common Stock commensurate with the size of the ELOC Agreement as a commitment fee upon filing a New York Stock Exchange Supplemental Listing Application, and an additional number of shares of Common Stock commensurate with the size of the ELOC Agreement upon the earlier of (i) a prepayment advance against a commitment or (ii) the effectiveness of a registration statement as declared by the Commission. The foregoing terms of the ELOC Agreement, including the number of Purchaser Shares and the number of commitment shares, would be subject to any resumed negotiations between the Company and the Purchaser and are subject to change based upon market conditions.

    This press release does not constitute an offer to sell or the solicitation of an offer to buy, nor will there be any sales of such securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction. Copies of the prospectus supplement relating to the registered direct offering, together with the accompanying base prospectus will be filed by the Company and, upon filing, can be obtained at the SEC’s website at www.sec.gov.

    Cautionary Note Regarding Forward-Looking Information:

    This news release contains “forward-looking information” and “forward-looking statements” (collectively, “forward-looking information”) within the meaning of applicable securities laws. Forward-looking information is based on management’s current expectations and beliefs and is subject to a number of risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. Forward-looking information in this news release includes, but not limited to, statements about the gross proceeds to the Company from the offering and the anticipated closing of the offering.

    With respect to the forward-looking information contained in this news release, the Company has made numerous assumptions. While the Company considers these assumptions to be reasonable, these assumptions are inherently subject to significant business, economic, competitive, market and social uncertainties and contingencies. Additionally, there are known and unknown risk factors which could cause the Company’s actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information contained herein. A complete discussion of the risks and uncertainties facing our business is disclosed in our Annual Report on Form 10-K and other filings with the SEC on www.sec.gov.

    All forward-looking information herein is qualified in its entirety by this cautionary statement, and the Company disclaims any obligation to revise or update any such forward-looking information or to publicly announce the result of any revisions to any of the forward-looking information contained herein to reflect future results, events or developments, except as required by law.

    For additional information, view the company’s website at www.houstonamerican.com or contact Houston American Energy Corp. at (713) 222-6966.

    The MIL Network –

  • MIL-OSI: Houston American Energy Corp. Announces $2.37 Million Registered Direct Offering

    Source: GlobeNewswire (MIL-OSI)

    HOUSTON, TX, June 18, 2025 (GLOBE NEWSWIRE) — Houston American Energy Corp. (NYSE American: HUSA) (the “Company”) today announced that it has entered into a definitive agreement with an institutional investor (the “SPA”) for the purchase and sale of an aggregate of 223,762 shares of common stock (or pre-funded warrants in lieu thereof) at a purchase price of $10.60 per share (or pre-funded warrant in lieu thereof) in a registered direct offering (the “Offering”). 

    The aggregate gross proceeds to the Company of this offering are expected to be approximately $2.37 million, before deducting the placement agent’s fees and other offering expenses payable by the Company. The Company currently intends to use the net proceeds of approximately $2.1 million from the offering for general corporate purposes. The transaction is expected to close on or about June 20, 2025, subject to the satisfaction of customary closing conditions.

    The registered direct offering is being made pursuant to a shelf registration statement on Form S-3 (File No. 333-282778) previously filed by the Company and declared effective by the U.S. Securities and Exchange Commission (“SEC”) on November 4, 2024. A final prospectus supplement and accompanying prospectus describing the terms of the proposed offering will be filed with the SEC and will be available on the SEC’s website located at http://www.sec.gov. Electronic copies of the final prospectus supplement and the accompanying prospectus may be obtained, when available, by contacting Univest Securities, LLC at info@univest.us, or by calling +1 (212) 343-8888.

    Placement Agent Agreement

    On June 17, 2025, in conjunction with the SPA, the Company entered into a Placement Agency Agreement (the “Placement Agency Agreement”) with Univest Securities, LLC to act as the sole placement agent (the “Placement Agent”) in connection with the Offering. Pursuant to the Placement Agency Agreement, the Placement Agent is entitled to a fee equal to an aggregate of 8.0% of the proceeds received by the Company in the Offering and reimbursement of the Placement’s reasonable travel and other out-of-pocket expenses, including reasonable fees, costs and disbursement of its legal counsel, in an amount not to exceed an aggregate of $10,000.

    Equity Purchase Agreement Deferral

    The Company and the purchaser named in the SPA (the “Purchaser”) had previously had ongoing discussions about entering into an equity purchase agreement (the “ELOC Agreement”), which they have decided not to execute at this time. However, if the Company reconsiders the ELOC Agreement and enters into it with the Purchaser, it would likely provide that, upon the terms and subject to the conditions and limitations set forth therein, (particularly the closing of the previously announced Share Exchange Agreement dated February 20, 2025, between the Company and the members of Abundia Financial, LLC (“Abundia”)), the Company would have the right, but not the obligation, to sell to the Purchaser up to $30,000,000 of shares (the “Purchaser Shares”) of the Company’s common stock (the “Common Stock”) from time to time over the 24-month term of the ELOC Agreement. When last discussed by the parties, the price paid by the Purchaser for each share of Common Stock at each closing (each, a “Closing”) was expected to be approximately 96% of the lowest daily volume-weighted average price of the Common Stock during the three trading days following a purchase notice. Based upon market conditions at that time, the Company and the Purchaser also discussed that upon closing under the ELOC Agreement, which was expected to occur after the Company’s closing of the previously described transaction with Abundia, the Company would potentially issue a number of shares of restricted Common Stock commensurate with the size of the ELOC Agreement as a commitment fee upon filing a New York Stock Exchange Supplemental Listing Application, and an additional number of shares of Common Stock commensurate with the size of the ELOC Agreement upon the earlier of (i) a prepayment advance against a commitment or (ii) the effectiveness of a registration statement as declared by the Commission. The foregoing terms of the ELOC Agreement, including the number of Purchaser Shares and the number of commitment shares, would be subject to any resumed negotiations between the Company and the Purchaser and are subject to change based upon market conditions.

    This press release does not constitute an offer to sell or the solicitation of an offer to buy, nor will there be any sales of such securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction. Copies of the prospectus supplement relating to the registered direct offering, together with the accompanying base prospectus will be filed by the Company and, upon filing, can be obtained at the SEC’s website at www.sec.gov.

    Cautionary Note Regarding Forward-Looking Information:

    This news release contains “forward-looking information” and “forward-looking statements” (collectively, “forward-looking information”) within the meaning of applicable securities laws. Forward-looking information is based on management’s current expectations and beliefs and is subject to a number of risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. Forward-looking information in this news release includes, but not limited to, statements about the gross proceeds to the Company from the offering and the anticipated closing of the offering.

    With respect to the forward-looking information contained in this news release, the Company has made numerous assumptions. While the Company considers these assumptions to be reasonable, these assumptions are inherently subject to significant business, economic, competitive, market and social uncertainties and contingencies. Additionally, there are known and unknown risk factors which could cause the Company’s actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information contained herein. A complete discussion of the risks and uncertainties facing our business is disclosed in our Annual Report on Form 10-K and other filings with the SEC on www.sec.gov.

    All forward-looking information herein is qualified in its entirety by this cautionary statement, and the Company disclaims any obligation to revise or update any such forward-looking information or to publicly announce the result of any revisions to any of the forward-looking information contained herein to reflect future results, events or developments, except as required by law.

    For additional information, view the company’s website at www.houstonamerican.com or contact Houston American Energy Corp. at (713) 222-6966.

    The MIL Network –

  • MIL-OSI: TruGolf Announces Reverse Stock Split

    Source: GlobeNewswire (MIL-OSI)

    Salt Lake City, Utah, June 18, 2025 (GLOBE NEWSWIRE) — TruGolf Holdings, Inc. (NASDAQ: TRUG), a leading provider of golf simulator software and hardware, today announced that it filed an amendment to its amended and restated certificate of incorporation with the Secretary of State of the State of Delaware to effect a 1-for-50 reverse stock split of its Class A common stock. The reverse stock split will take effect at 12:01 am (Eastern Time) on June 23, 2025, and the Company’s Class A common stock will open for trading on The Nasdaq Capital Market on June 23, 2025 on a post-split basis, under the existing ticker symbol “TRUG” but with a new CUSIP number 243733409.

    As a result of the reverse stock split, every fifty shares of the Company’s Class A common stock issued and outstanding prior to the opening of trading on June 23, 2025 will be consolidated into one issued and outstanding share. Proportionate adjustments will be made to the exercise prices and the number of shares underlying the Company’s outstanding equity awards, as applicable, as well as to the number of shares issuable under the Company’s equity incentive plans. The Class A common stock issued pursuant to the reverse stock split will remain fully paid and non-assessable. The reverse stock split will not affect the number of authorized shares of Class A common stock or the par value of the Class A common stock. No fractional shares will be issued if, as a result of the reverse stock split, a stockholder would become entitled to a fractional share because the number of shares of Class A common stock they hold before the reverse stock split is not evenly divisible by the split ratio. Instead, the stockholder will be entitled to receive a cash payment in lieu of a fractional share.

    As a result of the reverse stock split, the number of shares of Class A common stock outstanding will be reduced from approximately 40.5 million shares to approximately 0.8 million shares, and the number of authorized shares of Class A common stock will remain at 650 million shares.

    About TruGolf, Inc.

    Since 1983, TruGolf has been passionate about driving the golf industry with innovative indoor golf solutions. TruGolf builds products that capture the spirit of golf. TruGolf’s mission is to help grow the game by attempting to make it more Available, Approachable, and Affordable through technology – because TruGolf believes Golf is for Everyone. TruGolf’s team has built award-winning video games (“Links”), innovative hardware solutions, and an all-new e-sports platform to connect golfers around the world with E6 CONNECT. Since TruGolf’s beginning, TruGolf has continued to attempt to define and redefine what is possible with golf technology.

    Forward-Looking Statements

    This news release contains certain statements that constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements that are not of historical fact constitute “forward-looking statements” and accordingly, involve estimates, assumptions, forecasts, judgements and uncertainties. Forward-looking statements include, without limitation, the timing of the reverse stock split. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable as of the date made, expectations may prove to have been materially different from the results expressed or implied by such forward-looking statements. The Company has attempted to identify forward-looking statements by terminology including ”believes,” ”estimates,” ”anticipates,” ”expects,” ”plans,” ”projects,” ”intends,” ”potential,” ”may,” ”could,” ”might,” ”will,” ”should,” ”approximately” or other words that convey uncertainty of future events or outcomes to identify these forward-looking statements. These statements are only predictions and involve known and unknown risks, uncertainties, and other factors. Any forward-looking statements contained in this release speak only as of its date. The Company undertakes no obligation to update any forward-looking statements contained in this release to reflect events or circumstances occurring after its date or to reflect the occurrence of unanticipated events. More detailed information about the risks and uncertainties affecting the Company is contained under the heading “Risk Factors” in the Company’s Annual Report on Form 10-K and subsequently filed Quarterly Reports on Form 10-Q and Current Reports on Form 8-K filed with the SEC, which are available on the SEC’s website, www.sec.gov.

    Contact: Michael Bacal
            mbacal@darrowir.com
            917-886-9071

    The MIL Network –

  • MIL-OSI: OTSAW Announces Public Filing of Registration Statement for Proposed Initial Public Offering

    Source: GlobeNewswire (MIL-OSI)

    SINGAPORE, June 18, 2025 (GLOBE NEWSWIRE) — Otsaw Limited (“OTSAW” the “Company”, “we”, “our”) today announced the Company publicly filed a registration statement on Form F-1 (the “Registration Statement”) with the U.S. Securities and Exchange Commission (“SEC”) relating to the proposed initial public offering of its class A ordinary shares (the “Proposed Offering”). OTSAW has applied to list its class A ordinary shares on the Nasdaq Capital Market under the ticker symbol, “OTSA.” The Company has not yet disclosed the price range or the number of securities to be offered in the Proposed Offering at this time. The Proposed Offering is subject to market conditions, and there can be no assurance as to whether or when the Proposed Offering may be completed, or as to the actual size or other terms of the Proposed Offering.

    As of the date of this announcement, Aegis Capital Corp. is acting as the sole bookrunner for the Proposed Offering and CMD Global is acting as a financial advisor to the Company. The Proposed Offering will be made only by means of a prospectus. Copies of the preliminary prospectus relating to this Proposed Offering, when available, may be obtained by visiting EDGAR on the SEC’s website at www.sec.gov. Alternatively, copies of the preliminary prospectus, when available, may be obtained from: Aegis Capital Corp., Attention: Syndicate Department, 1345 Avenue of the Americas, 27th floor, New York, NY 10105, by email at syndicate@aegiscap.com, or by telephone at +1 (212) 813-1010. The Registration Statement relating to the Proposed Offering has been filed with the SEC but has not yet become effective. The securities being offered by the Company in the Proposed Offering may not be sold, nor may offers to buy be accepted, prior to the time the registration statement becomes effective.

    This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities, and shall not constitute an offer, solicitation, or sale in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of that jurisdiction. Any offers, solicitations or offers to buy, or any sales of securities will be made in accordance with the registration requirements of the Securities Act of 1933, as amended. The Proposed Offering is subject to market and other conditions and the completion of the SEC’s review process.

    About OTSAW

    We are a Singapore-based company specializing in autonomous mobile robots (“AMRs”) and robotics solutions, with cutting-edge robotics software development and manufacturing capabilities. Founded in 2015, we are an innovator in advanced robotics autonomy technologies and next-generation artificial intelligence (“AI”). Our mission is to disrupt, revolutionize, and redefine the global facilities management industry with our AI-enabled AMRs and robotics solutions across security, disinfection, last-mile delivery, and healthcare facilities.

    Leveraging our core software technologies, robot and machine outdoor autonomy expertise, and AI-enabled AMRs, our products empower customers to enhance productivity, reduce reliance on human capital, and seamlessly integrate automation into their facilities management operations. By addressing labor shortages, rising wages, and labor cost challenges, we aim to empower the entire facilities management industry globally.

    Forward-Looking Statements

    The statements contained in this press release that are not historical facts, including statements relating to Otsaw Limited’s expectations regarding the commencement and completion of its proposed public offering and listing, are forward-looking statements. You can identify forward-looking statements because they contain words such as “believes,” “expects,” “may,” “will,” “should,” “seeks,” “intends,” “plans,” “estimates,” or “anticipates,” or similar expressions which concern our strategy, plans, or intentions. By their nature, forward-looking statements are not statements of historical fact or guarantees of future performance and are subject to risks, uncertainties, assumptions or changes in circumstances that are difficult to predict or quantify. Our expectations and beliefs are expressed in good faith, and we believe there is a reasonable basis for them. However, there can be no assurance that management’s expectations and beliefs will result or be achieved, and actual results may vary materially from what is expressed in or indicated by the forward-looking statements. Any forward-looking statement in this press release speaks only as of the date of this release. Otsaw Limited undertakes no obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by any applicable securities laws.

    Contact:
    Jules Abraham
    CORE IR
    +1 (212) 655-0924

    The MIL Network –

  • MIL-OSI: Hyperscale Data Subsidiary askROI Surpasses 160,000 App Downloads on Apple App Store and Google Play

    Source: GlobeNewswire (MIL-OSI)

    LAS VEGAS, June 18, 2025 (GLOBE NEWSWIRE) — Hyperscale Data, Inc. (NYSE American: GPUS), a diversified holding company (“Hyperscale Data” or the “Company”), today announced that its wholly owned indirect subsidiary askROI, Inc. (“askROI”), has surpassed 160,000 cumulative app downloads between the Apple App Store and Google Play. This marks a key milestone in askROI’s early growth and adoption.

    askROI recently announced the launch of its app in both the Apple App Store and Google Play, offering users access to advanced artificial intelligence (“AI”) tools for both personal and business applications. Despite minimal marketing efforts to date, askROI’s organic traction continues to grow as askROI seeks to fine-tune its AI platform.

    “askROI has done very little marketing so far as the team continues to test and refine its AI platform across multiple use cases,” stated Milton “Todd” Ault III, Founder and Executive Chairman of Hyperscale Data. “I am very proud of the progress made by the team and look forward to more growth as the askROI team launches new updates and new future products. Over the coming months, the askROI team plans to roll out a new version of its AI platform and significantly bolster its marketing efforts.”

    For more information on Hyperscale Data and its subsidiaries, Hyperscale Data recommends that stockholders, investors and any other interested parties read Hyperscale Data’s public filings and press releases available under the Investor Relations section at hyperscaledata.com or available at www.sec.gov.

    About Hyperscale Data, Inc.

    Through its wholly owned subsidiary Sentinum, Inc., Hyperscale Data owns and operates a data center at which it mines digital assets and offers colocation and hosting services for the emerging AI ecosystems and other industries. Hyperscale Data’s other wholly owned subsidiary, ACG, is a diversified holding company pursuing growth by acquiring undervalued businesses and disruptive technologies with a global impact.

    Hyperscale Data expects to complete the Divestiture of ACG on or about December 31, 2025. Upon the occurrence of the Divestiture, the Company would solely be an owner and operator of data centers to support HPC services, though it may at that time continue to mine Bitcoin. Until the Divestiture occurs, the Company will continue to provide, through ACG and its wholly and majority-owned subsidiaries and strategic investments, mission-critical products that support a diverse range of industries, including an AI software platform, social gaming platform, equipment rental services, defense/aerospace, industrial, automotive, medical/biopharma and hotel operations. In addition, ACG is actively engaged in private credit and structured finance through a licensed lending subsidiary. Hyperscale Data’s headquarters are located at 11411 Southern Highlands Parkway, Suite 190, Las Vegas, NV 89141.

    On December 23, 2024, the Company issued one million (1,000,000) shares of a newly designated Series F Exchangeable Preferred Stock (the “Series F Preferred Stock”) to all common stockholders and holders of the Series C Convertible Preferred Stock on an as-converted basis. The Divestiture will occur through the voluntary exchange of the Series F Preferred Stock for shares of Class A Common Stock and Class B Common Stock of ACG (collectively, the “ACG Shares”). The Company reminds its stockholders that only those holders of the Series F Preferred Stock who agree to surrender such shares, and do not properly withdraw such surrender, in the exchange offer through which the Divestiture will occur, will be entitled to receive the ACG Shares and consequently be stockholders of ACG upon the occurrence of the Divestiture.

    Forward-Looking Statements

    This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements generally include statements that are predictive in nature and depend upon or refer to future events or conditions, and include words such as “believes,” “plans,” “anticipates,” “projects,” “estimates,” “expects,” “intends,” “strategy,” “future,” “opportunity,” “may,” “will,” “should,” “could,” “potential,” or similar expressions. Statements that are not historical facts are forward-looking statements. Forward-looking statements are based on current beliefs and assumptions that are subject to risks and uncertainties.

    Forward-looking statements speak only as of the date they are made, and the Company undertakes no obligation to update any of them publicly in light of new information or future events. Actual results could differ materially from those contained in any forward-looking statement as a result of various factors. More information, including potential risk factors, that could affect the Company’s business and financial results are included in the Company’s filings with the U.S. Securities and Exchange Commission, including, but not limited to, the Company’s Forms 10-K, 10-Q and 8-K. All filings are available at www.sec.gov and on the Company’s website at hyperscaledata.com.

    Hyperscale Data Investor Contact:
    IR@hyperscaledata.com or 1-888-753-2235

    The MIL Network –

  • MIL-OSI: Pessimism About Future Household Finances Rises, Yet Majority of U.S. Consumers Remain Optimistic

    Source: GlobeNewswire (MIL-OSI)

    CHICAGO, June 18, 2025 (GLOBE NEWSWIRE) — As tariffs and the potential for rising cost of goods have dominated the news cycle since early April, a new TransUnion (NYSE: TRU) Q2 2025 Consumer Pulse study found that 27% of U.S. consumers are now pessimistic about their household finances over the next 12 months. This marks a six-percentage point rise from Q4 2024 (21%) and a four-percentage point increase from a year ago (23%). It’s the highest level since TransUnion first began tracking this data point in Q1 2021.

    Despite the rise in pessimism, 55% of consumers are optimistic about their household finances over the next 12 months – the same percentage as in Q2 2024. However, optimism has declined from 58% in Q4 2024. The youngest consumers surveyed – Gen Z and Millennials – remain most optimistic about future finances, at 67% and 64%, respectively. The findings are derived from a survey of 2,998 American adults between May 1-12, 2025.

    “Since early April, there has been a marked increase in the level of uncertainty about future costs primarily due to the ongoing discussions about tariffs,” said Charlie Wise, senior vice president and head of global research and consulting at TransUnion. “While we’ve seen a rise in pessimism about future finances, it can’t be overstated that the same percentage of Americans are as optimistic about their future finances today as they were at this same time last year. We posit this is happening because of the continued strong employment picture and sustained wage gains. If you have a job and feel like you’re likely to get some form of pay increase over the next year, then you also will likely be able to manage through most possible scenarios for increases in the costs of goods and services.”

    Comparing Optimism and Pessimism Levels in the Last Year by Generation; Tariff Impacts

    Generation/Insights
    Percent of consumers 
    optimistic about their
    household finances in the
    next 12 months
    Percent of consumers 
    pessimistic about their
    household finances in the
    next 12 months    		 Percent of consumers
    who say higher prices of
    products resulting from
    tariffs will impact them
    personally
    Timeframe Q2
    2024    		 Q4
    2024    		 Q2
    2025    		 Q2
    2024    		 Q4
    2024    		 Q2
    2025    		 Q2
    2025*
    Overall 55%   58%   55%   23%   21%   27%   67%  
    Gen Z 66%   64%   67%   14%   18%   17%   55%  
    Millennials 62%   66%   64%   21%   17%   21%   59%  
    Gen X 47%   53%   52%   28%   23%   29%   70%  
    Baby Boomers 49%   49%   43%   26%   24%   36%   77%  

    *Q2 2025 is the first time this question was included in the Consumer Pulse study.

    Impact of Tariff Concerns on Credit Market

    Nearly nine in 10 Americans (87%) reported some level of concern about the impact of current or possible tariffs on their household finances; 41% said they were very concerned. To that end, the Consumer Pulse study found that consumers now have an increasing interest in securing credit products.

    Of those consumers who were very concerned about tariffs, 37% planned to apply for new credit or refinance existing credit in the next year, a higher rate than all others (30%) who planned the same. Liquidity credit products which provide access to cash, including credit cards and personal loans, appeared to be a greater preference for those who are tariff concerned. Specifically, this group is interested in increasing available credit on existing credit cards, applying for a personal loan and using buy now, pay later payment services.

    “When there is uncertainty in the market, this often results in consumers seeking new credit to ensure they are prepared for any future financial hurdles. While it’s not clear just how much of an impact tariffs will have on consumer wallets, it is clear that those consumers who are most concerned about them are more likely to be preparing for the future through myriad credit options,” said Wise.

    Recession Fears Return, But are Consumers Simply in ‘Rinse and Repeat’ Mode?

    While inflation continues to be the top financial concern of Americans – 81% ranked it as a Top 3 concern in the next 12 months – there was a pronounced increase in fears of a recession. This metric jumped seven percentage points from Q2 2024 with 52% saying it was in their Top 3 financial concerns over the next 12 months — its highest level in two years. In Q4 2024, fears of a recession stood at 43%.

    While recession anxieties are growing, Americans were even more worried two years ago, when 53% of respondents rated it as one of their Top 3 concerns. At that time, 75% of Q2 2023 Consumer Pulse study respondents said they believed the country would be in a recession by the end of 2023. In comparison, 72% of this quarter’s respondents believe there will be a recession by the end of 2025. No recession ever occurred in 2023 or has over the ensuing two years, according to the U.S. Bureau of Economic Analysis.

    “Fears of a recession should never be discounted. However, history has a way of repeating itself. To this end, consumers are being pragmatic and considering the news of the day. As tariff discussions bring uncertainty, so do increased fears of economic setbacks. Yet, just like we saw in the second quarter of 2023, there are a lot of positives about the economy and the consumer credit market at-large. One thing is certain – we should expect to see more shifts in consumer sentiment in the coming months,” concluded Wise.

    For more information about the Consumer Pulse study, please click here.

    About TransUnion (NYSE: TRU)

    TransUnion is a global information and insights company with over 13,000 associates operating in more than 30 countries. We make trust possible by ensuring each person is reliably represented in the marketplace. We do this with a Tru™ picture of each person: an actionable view of consumers, stewarded with care. Through our acquisitions and technology investments we have developed innovative solutions that extend beyond our strong foundation in core credit into areas such as marketing, fraud, risk and advanced analytics. As a result, consumers and businesses can transact with confidence and achieve great things. We call this Information for Good® — and it leads to economic opportunity, great experiences and personal empowerment for millions of people around the world.

    http://www.transunion.com/business

    Contact Dave Blumberg

    Email david.blumberg@transunion.com 

    Telephone 312-972-6646

    The MIL Network –

  • MIL-OSI: NowVertical Group to Participate in Bristol Capital–Hosted Webinar to Showcase Business Overview

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, June 18, 2025 (GLOBE NEWSWIRE) — NowVertical Group Inc. (TSXV: NOW) (“NowVertical” or the “Company”), a leading data and AI solutions provider, is pleased to announce its participation in an upcoming investor webinar hosted by Bristol Capital Ltd.

    Webinar: Overview of NowVertical’s Business Strategy

    • Date: 24th June 2025
    • Time: 2pm EST
    • Overview: The webinar will cover key areas of the Company’s business including strategic direction, latest business developments, and growth strategy for 2025 and beyond. Attendees will also have the opportunity to ask questions during a live Q&A session.
    • Hosted by: Bristol Capital Ltd., the Company’s investor relations partner.

    Featured Speakers:

    • Sandeep Mendiratta, Chief Executive Officer
    • Andre Garber, Chief Development Officer
    • Christine Nelson, Interim Chief Financial Officer

    How to Register:
    Investors, analysts, media, and other stakeholders are invited to register via the Bristol Capital webinar registration link: https://us02web.zoom.us/webinar/register/WN_venf4Gq_R5i_-KvsGNxKYQ

    A replay will be made available on NowVertical’s investor relations page following the live event.

    About NowVertical Group Inc.

    NowVertical is a global data and analytics company which helps clients transform data into tangible business value with AI, fast. Offering a comprehensive suite of solutions and services, the Company enables clients to quickly harness the full potential of their data, driving measurable outcomes and accelerating potential return on investment. Enterprises optimize decision-making, improve operational efficiency, and unlock long-term value from their data using the Company’s AI-Infused first party and third-party technologies. NowVertical is growing organically and through strategic acquisitions.  

    For further details about NowVertical, please visit www.nowvertical.com. 

    Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

    For further information, please contact:

    Andre Garber, CDO  
     IR@nowvertical.com  

    Investor Relations: Bristol Capital Ltd. 

    Stefan Eftychiou 

     stefan@bristolir.com

     +1(905)326-1888 x60‍

    Forward-Looking Statements  

    This news release contains forward-looking information and forward-looking information within the meaning of applicable Canadian securities laws (together “forward-looking statements“), including, with respect to the availability of funds under the Facilities, the ability of NowVertical to utilize funds under the Facilities, the effect of the Facilities on NowVertical’s operations contemplated in this press release on NowVertical’s business, finances and operations. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by management, are inherently subject to significant business, economic and competitive uncertainties, and contingencies, certain of which are unknown. Forward-looking statements generally can be identified by the use of forward-looking words such as “may”, “should”, “will”, “could”, “intend”, “estimate”, “plan”, “anticipate”, “expect”, “believe” or “continue”, or the negative thereof or similar variations. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause future results, performance, or achievements to be materially different from the estimated future results, performance or achievements expressed or implied by the forward-looking statements and the forward-looking statements are not guarantees of future performance. Forward-looking statements are qualified in their entirety by inherent risks and uncertainties, including: adverse market conditions; risks inherent in the data analytics and artificial intelligence sectors in general; regulatory and legislative changes; that future results may vary from historical results; inability to service the Company’s debt; any inability to realize the expected benefits and synergies of acquisitions or dispositions; that market competition may affect the business, results and financial condition of the Company and other risk factors identified in documents filed by the Company under its profile at www.sedarplus.com, including the Company’s management’s discussion and analysis for the year ended December 31, 2024. Further, these forward-looking statements are made as of the date of this news release and, except as expressly required by applicable law, the Company assumes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

    The MIL Network –