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Category: GlobeNewswire

  • MIL-OSI: Zeo Energy Corp. Reports First Quarter 2025 Financial Results

    Source: GlobeNewswire (MIL-OSI)

    NEW PORT RICHEY, Fla., June 16, 2025 (GLOBE NEWSWIRE) — Zeo Energy Corp. (Nasdaq: ZEO) (“Zeo”, “Zeo Energy”, or the “Company”), a Florida-based provider of residential solar and energy efficiency solutions, today reported financial results for the first quarter ended March 31, 2025.

    Recent Operational Highlights

    • Entered into a definitive agreement to acquire Heliogen, a provider of on-demand clean energy technology solutions, allowing the company to establish a division focused on long-duration energy generation and storage for commercial and industrial-scale facilities, including artificial intelligence (AI) and cloud computing data centers.
    • Recruited and retained adequate staff ahead of the peak summer sales season.

    Management Commentary
    “In the first quarter of 2025, we continued to navigate the challenging solar market and successfully generated $8.8 million of revenue,” said Zeo Energy Corp. CEO Tim Bridgewater. “As announced last month, we were able to take advantage of the softer sector conditions by entering into a definitive agreement to acquire Heliogen. We believe that this proposed acquisition positions us to expand beyond traditional residential solar and into adjacent clean energy verticals with long-term upside. This move will also enhance our balance sheet and diversify our revenue base going forward.”

    “As anticipated, in Q1 we experienced a slowdown due to the seasonality of our intensive summer sales model. This slowdown was exacerbated by the current high-interest rate environment. We’ve maintained our strategic focus during this period, streamlining operations and strengthening our sales team ahead of the critical summer season that is now underway. Looking ahead, we remain confident in our full-year outlook. We expect meaningful improvement in the latter half of the year as market activity increases.”

    First Quarter 2025 Financial Results

    Results compare the 2025 first quarter ended March 31, 2025 to the 2024 first quarter ended March 31, 2024.

    • Total revenue was $8.8 million in Q1 2025, a 56.4% decrease from $20.1 million in the comparable 2024 period. The decrease was primarily due to higher interest rates creating a challenging environment for residential solar direct sales.
    • Gross profit decreased to $3.8 million (43.0% of total revenue) in Q1 2025 from $6.0 million (29.9% of total revenue) in the comparable 2024 period. The decrease was driven in part by the decrease in sales compared to the prior period. The improvement in gross profit as a percentage of revenue was the result of improved operational efficiencies in labor and a reduction in materials costs.
    • Net loss for Q1 2025 was $13.3 million compared to $4.1 million in the comparable 2024 period. The decrease is primarily due to a decrease in overall sales for the period.
    • Adjusted EBITDA, a non-GAAP measurement of operating performance reconciled below, decreased to $(6.4) million (72.3% of total revenue) in Q1 2024 from approximately $(0.5) million (2.3% of total revenue) in the comparable 2024 period. The change was primarily related to the change in net loss.

    For more information, please visit the Zeo Energy Corp. investor relations website at investors.zeoenergy.com.

    About Zeo Energy Corp.

    Zeo Energy Corp. is a Florida-based provider of residential solar, distributed energy, and energy efficiency solutions. Zeo focuses on high-growth markets with limited competitive saturation. With its differentiated sales approach and vertically integrated offerings, Zeo, through its Sunergy Solar business unit, serves customers who desire to reduce high energy bills and contribute to a more sustainable future. For more information on Zeo Energy Corp., please visit www.zeoenergy.com.

    Non-GAAP Financial Measures

    Adjusted EBITDA
    Zeo Energy defines Adjusted EBITDA, a non-GAAP financial measure, as net income (loss) before interest and other expenses, net, income tax expense, and depreciation and amortization, as adjusted to exclude stock-based compensation. Zeo utilizes Adjusted EBITDA as an internal performance measure in the management of the Company’s operations because the Company believes the exclusion of these non-cash and non-recurring charges allows for a more relevant comparison of Zeo’s results of operations to other companies in the industry. Adjusted EBITDA should not be viewed as a substitute for net loss calculated in accordance with GAAP, and other companies may define Adjusted EBITDA differently.

    The following table provides a reconciliation of net income (loss) to Adjusted EBITDA for the periods presented:

           
      Three months Ended March 31,  
        2025       2024    
    Net income (loss)   $ (13,319,363 )     $ (4,107,102 )  
    Adjustment:                
    Other income, net     (82,363 )       0    
    Change in fair value of warrant liabilities     (663,449 )       138,000.00    
    Interest expense     30,277         35,222    
    Income tax benefit     523,500         (114,668.00 )  
    Stock compensation     2,257,139         3,118,584.00    
    Depreciation and amortization     4,900,729         459,529    
                     
    Adjusted EBITDA     (6,353,530 )       (470,435 )  
                     
    Net income (loss) margin     (151.6 ) %     (20.4 ) %
                     
    Adjusted EBITDA margin     (72.3 ) %     (2.3 ) %
                     

    Adjusted EBITDA Margin

    Zeo Energy defines Adjusted EBITDA margin, a non-GAAP financial measure, expressed as a percentage, as the ratio of Adjusted EBITDA to revenue, net. Adjusted EBITDA margin measures net income (loss) before interest and other expenses, net, income tax expense, depreciation and amortization, as adjusted to exclude stock-based compensation and is expressed as a percentage of revenue. In the table above, Adjusted EBITDA is reconciled to the most comparable GAAP measure, net income (loss). Zeo utilizes Adjusted EBITDA margin as an internal performance measure in the management of the Company’s operations because the Company believes the exclusion of these non-cash and non-recurring charges allows for a more relevant comparison of the Company’s results of operations to other companies in Zeo’s industry.

    The following table sets forth Zeo’s calculations of Adjusted EBITDA margin for the periods presented:

           
      Three months Ended March 31,  
        2025       2024    
    Total Revenue   $ 8,783,695       $ 20,142,156    
                     
    Adjusted EBITDA     (6,353,530 )       (470,435 )  
                     
    Adjusted EBITDA margin     (72.3 ) %     (2.3 ) %
                     

    Forward-Looking Statements

    This news release contains certain forward-looking statements within the meaning of section 27A of the Securities Act of 1933, as amended (the “Securities Act”), and Section 21E of the Exchange Act of 1934, as amended, that are based on beliefs and assumptions and on information currently available to the Company. Such statements may include, but are not limited to, statements that refer to projections, forecasts, or other characterizations of future events or circumstances, including any underlying assumptions. The words “anticipate,” “intend,” “plan,” “goal,” “seek,” “believe,” “project,” “estimate,” “expect,” “strategy,” “future,” “likely,” “may,” “should,” “will,” and similar references to future periods may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements may include, for example, statements about the future financial performance of the Company; the ability to effectively consolidate the assets of Lumio and produce the expected results; changes in the Company’s strategy, future operations, financial position, estimated revenues and losses, projected costs, prospects, the ability to raise additional funds, and plans and objectives of management. These forward-looking statements are based on information available as of the date of this news release, and current expectations, forecasts, and assumptions, and involve a number of judgments, risks, and uncertainties. Accordingly, forward-looking statements should not be relied upon as representing the Company’s views as of any subsequent date, and the Company does not undertake any obligation to update such forward-looking statements to reflect events or circumstances after the date they were made, whether as a result of new information, future events, or otherwise, except as may be required under applicable securities laws. You should not place undue reliance on these forward-looking statements. As a result of a number of known and unknown risks and uncertainties, the Company’s actual results or performance may be materially different from those expressed or implied by these forward-looking statements. Some factors that could cause actual results to differ include: (i) the outcome of any legal proceedings that may be instituted against the Company or others; (ii) the Company’s success in retaining or recruiting, or changes required in, its officers, key employees, or directors; (iii) the Company’s ability to maintain the listing of its common stock and warrants on Nasdaq; (iv) limited liquidity and trading of the Company’s securities; (v) geopolitical risk and changes in applicable laws or regulations, including tariffs or trade restrictions; (vi) the possibility that the Company may be adversely affected by other economic, business, and/or competitive factors; (vii) operational risk; (viii) litigation and regulatory enforcement risks, including the diversion of management time and attention and the additional costs and demands on the Company’s resources; (ix) the Company’s ability to effectively consolidate the assets of Lumio and produce the expected results; and (x) other risks and uncertainties, including those included under the heading “Risk Factors” in the Company’s Annual Report on Form 10-K filed with the U.S. Securities and Exchange Commission (the “SEC”) for the year ended December 31, 2024 and in its subsequent periodic reports and other filings with the SEC.

    In light of the significant uncertainties in these forward-looking statements, you should not regard these statements as a representation or warranty by the Company, its respective directors, officers or employees or any other person that the Company will achieve its objectives and plans in any specified time frame, or at all. The forward-looking statements in this news release represent the views of the Company as of the date of this news release. Subsequent events and developments may cause that view to change. However, while the Company may elect to update these forward-looking statements at some point in the future, there is no current intention to do so, except to the extent required by applicable law. You should, therefore, not rely on these forward-looking statements as representing the views of the Company as of any date subsequent to the date of this news release.

    Zeo Energy Corp. Contacts

    For Investors:
    Tom Colton and Greg Bradbury
    Gateway Group
    ZEO@gateway-grp.com

    For Media:
    Zach Kadletz
    Gateway Group
    ZEO@gateway-grp.com

    -Financial Tables to Follow-

    ZEO ENERGY CORP.
    CONDENSED CONSOLIDATED BALANCE SHEET (Unaudited)    		  
        As of March 31,   As of December 31,  
          2025       2024    
    Assets              
    Current assets              
    Cash and cash equivalents   $ 2,894,103     $ 5,634,115    
    Accounts receivable, including $286,103 and $191,662 from related parties, net of allowance for credit losses of $4,703,905 and $1,165,336, as of March 31, 2025 and December 31, 2024, respectively     4,999,508       10,186,543    
    Inventories     847,395       872,470    
    Contract assets     577,398       64,202    
    Prepaid expenses and other current assets     936,673       2,131,345    
    Total current assets     10,255,077       18,888,675    
    Other assets     113,591       314,426    
    Property, equipment and other fixed assets, net     2,629,283       2,475,963    
    Right of use operating lease assets     1,087,496       1,268,139    
    Right of use financing lease assets     412,893       447,012    
    Intangibles, net     2,938,804       7,571,156    
    Note receivable – related party     3,000,000       3,000,000    
    Goodwill     27,010,745       27,010,745    
    Total assets   $ 47,447,889     $ 60,976,116    
                   
    Liabilities, redeemable noncontrolling interest and stockholders’ (deficit) equity        
    Current liabilities              
    Accounts payable   $ 3,569,632     $ 2,780,885    
    Accrued expenses and other current liabilities, including $2,320,129 and $3,359,101 with related parties at March 31, 2025 and December 31, 2024, respectively     6,581,799       8,540,188    
    Current portion of long-term debt     301,091       291,036    
    Current portion of obligations under operating leases     555,672       583,429    
    Current portion of obligations under financing leases     133,408       130,464    
    Convertible promissory note     2,455,000       2,440,000    
    Contract liabilities, including $0 and $2,000 with related parties as of March 31, 2025 and December 31, 2024, respectively     119,417       203,607    
    Total current liabilities     13,716,019       14,969,609    
    Obligations under operating leases, non-current     662,291       799,385    
    Obligations under financing leases, non-current     314,167       348,807    
    Warrant liabilities     785,551       1,449,000    
    Long-term debt     414,268       496,623    
    Total liabilities     15,892,296       18,063,424    
                   
    Commitments and contingencies (Note 14)              
                   
    Redeemable noncontrolling interests              
    Convertible preferred units, 1,500,000 units issued and outstanding as of March 31, 2025 and December 31, 2024, respectively     16,536,108       16,130,871    
    Class B Units     38,097,300       115,693,900    
                   
    Stockholders’ equity              
    Class V common stock, $0.0001 par value, 100,000,000 authorized shares; 26,730,000 and 35,230,000 shares issued and outstanding as of March 31, 2025, and December 31, 2024, respectively     2,673       3,523    
    Class A common stock, $0.0001 par value, 300,000,000 authorized shares; 21,796,464 and 13,252,964 shares issued and outstanding as of March 31, 2025, and December 31, 2023, respectively     2,180       1,326    
    Additional paid in capital     16,486,224       14,523,963    
    Accumulated deficit     (39,568,892 )     (103,440,891 )  
    Total stockholders’ deficit     (23,077,815 )     (88,912,079 )  
    Total liabilities, redeemable noncontrolling interests and stockholders’ (deficit) equity   $ 47,447,889     $ 60,976,116    
                   
    ZEO ENERGY CORP.
    CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited)
        Three months ended March 31,
        2025     2024  
    Revenue, net   $ 6,216,391     $ 11,329,387  
    Related party revenue, net     2,567,304       8,812,769  
    Total revenue     8,783,695       20,142,156  
    Operating costs and expenses:            
    Cost of goods sold (exclusive of items shown below)     4,789,679       13,957,966  
    Depreciation and amortization     4,900,729       459,529  
    Sales and marketing     2,137,092       6,553,787  
    General and administrative     10,467,593       3,219,422  
    Total operating expenses     22,295,093       24,190,704  
    (Loss) income from operations     (13,511,398 )     (4,048,548 )
    Other (expenses) income, net:            
    Other income, net     82,363       –  
    Change in fair value of warrant liabilities     663,449       (138,000 )
    Interest expense     (30,277 )     (35,222 )
    Total other expense, net     715,535       (173,222 )
    Net (loss) income before taxes     (12,795,863 )     (4,221,770 )
    Income tax (expense) benefit     (523,500 )     114,668  
    Net (loss) income     (13,319,363 )     (4,107,102 )
    Net (loss) attributable to Sunergy Renewables LLC prior to the Business Combination     –       (523,681 )
    Net (loss) income subsequent to the Business Combination     (13,319,363 )     (3,583,421 )
    Net (loss) income attributable to redeemable non-controlling interests     (6,958,098 )     (2,051,930 )
    Net (loss) income attributable to Class A common stock   $ (6,361,265 )   $ (1,531,491 )
                 
    Basic and diluted net (loss) income per common unit   $ (0.48 )   $ (1.54 )
    Weighted average units outstanding, basic and diluted     13,252,964       994,345  
                 
    ZEO ENERGY CORP.
    CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited)
      Three Months Ended March 31,
      2025     2024  
    Cash Flows from Operating Activities          
    Net (loss) income $ (13,319,363 )   $ (4,107,102 )
    Adjustment to reconcile net (loss) income to cash (used in) provided by operating activities          
    Depreciation and amortization   4,900,729       459,529  
    Interest income   –       –  
    Change in fair value of warrant liabilities   (663,449 )     138,000  
    Provision for credit losses   3,538,569       150,000  
    Noncash operating lease expense   180,643       152,717  
    Stock based compensation expense   2,257,139       3,118,584  
    Changes in operating assets and liabilities:          
    Accounts receivable   1,742,907       (2,297,517 )
    Accounts receivable due from related parties   (94,441 )     (2,692,841 )
    Inventories   25,075       (28,968 )
    Prepaid installation costs   (513,196 )     4,448,953  
    Prepaids and other current assets   1,138,288       (1,420,528 )
    Other assets   (37,656 )     (109,443 )
    Accounts payable   788,747       (400,861 )
    Accrued expenses and other current liabilities   (919,417 )     (691,316 )
    Accrued expenses and other current liabilities due to related parties   (1,038,972 )     (2,148,960 )
    Contract liabilities   (82,190 )     (3,508,323 )
    Contract liabilities due to related parties   (2,000 )     (1,054,263 )
    Operating lease payments   (164,851 )     (159,650 )
    Net cash (used in) provided by operating activities   (2,263,438 )     (10,151,989 )
               
    Cash flows from Investing Activities          
    Purchases of property, equipment and other assets   (372,578 )     (226,076 )
    Net cash used in investing activities   (372,578 )     (226,076 )
               
    Cash flows from Financing Activities          
    Principal payment of finance lease liabilities   (31,696 )     (28,537 )
    Proceeds from the issuance of convertible preferred stock, net of transaction costs   –       10,277,275  
    Repayments of debt   (72,300 )     (71,855 )
    Distributions to members   –       (90,000 )
    Net cash provided by (used in) financing activities   (103,996 )     10,086,883  
               
    Net (decrease) increase in cash and cash equivalents   (2,740,012 )     (291,182 )
    Cash and cash equivalents, beginning of period   5,634,115       8,022,306  
    Cash and cash equivalents, end of the period $ 2,894,103     $ 7,731,124  
               
    Supplemental Cash Flow Information          
    Cash paid for interest $ 25,785     $ 34,060  
    Cash paid for income taxes $ –     $ –  
    Noncash finance lease expense $ 34,119     $ 34,118  
               
    Non-cash transactions          
    Deferred equity issuance costs $ –     $ 3,269,039  
    Issuance of Class A common stock to vendors $ –     $ 891,035  
    Issuance of Class A common stock to backstop investors $ –     $ 1,569,463  
    Preferred dividends $ 405,237     $ 8,224,091  

    The MIL Network –

  • MIL-OSI: Zeo Energy Corp. Reports First Quarter 2025 Financial Results

    Source: GlobeNewswire (MIL-OSI)

    NEW PORT RICHEY, Fla., June 16, 2025 (GLOBE NEWSWIRE) — Zeo Energy Corp. (Nasdaq: ZEO) (“Zeo”, “Zeo Energy”, or the “Company”), a Florida-based provider of residential solar and energy efficiency solutions, today reported financial results for the first quarter ended March 31, 2025.

    Recent Operational Highlights

    • Entered into a definitive agreement to acquire Heliogen, a provider of on-demand clean energy technology solutions, allowing the company to establish a division focused on long-duration energy generation and storage for commercial and industrial-scale facilities, including artificial intelligence (AI) and cloud computing data centers.
    • Recruited and retained adequate staff ahead of the peak summer sales season.

    Management Commentary
    “In the first quarter of 2025, we continued to navigate the challenging solar market and successfully generated $8.8 million of revenue,” said Zeo Energy Corp. CEO Tim Bridgewater. “As announced last month, we were able to take advantage of the softer sector conditions by entering into a definitive agreement to acquire Heliogen. We believe that this proposed acquisition positions us to expand beyond traditional residential solar and into adjacent clean energy verticals with long-term upside. This move will also enhance our balance sheet and diversify our revenue base going forward.”

    “As anticipated, in Q1 we experienced a slowdown due to the seasonality of our intensive summer sales model. This slowdown was exacerbated by the current high-interest rate environment. We’ve maintained our strategic focus during this period, streamlining operations and strengthening our sales team ahead of the critical summer season that is now underway. Looking ahead, we remain confident in our full-year outlook. We expect meaningful improvement in the latter half of the year as market activity increases.”

    First Quarter 2025 Financial Results

    Results compare the 2025 first quarter ended March 31, 2025 to the 2024 first quarter ended March 31, 2024.

    • Total revenue was $8.8 million in Q1 2025, a 56.4% decrease from $20.1 million in the comparable 2024 period. The decrease was primarily due to higher interest rates creating a challenging environment for residential solar direct sales.
    • Gross profit decreased to $3.8 million (43.0% of total revenue) in Q1 2025 from $6.0 million (29.9% of total revenue) in the comparable 2024 period. The decrease was driven in part by the decrease in sales compared to the prior period. The improvement in gross profit as a percentage of revenue was the result of improved operational efficiencies in labor and a reduction in materials costs.
    • Net loss for Q1 2025 was $13.3 million compared to $4.1 million in the comparable 2024 period. The decrease is primarily due to a decrease in overall sales for the period.
    • Adjusted EBITDA, a non-GAAP measurement of operating performance reconciled below, decreased to $(6.4) million (72.3% of total revenue) in Q1 2024 from approximately $(0.5) million (2.3% of total revenue) in the comparable 2024 period. The change was primarily related to the change in net loss.

    For more information, please visit the Zeo Energy Corp. investor relations website at investors.zeoenergy.com.

    About Zeo Energy Corp.

    Zeo Energy Corp. is a Florida-based provider of residential solar, distributed energy, and energy efficiency solutions. Zeo focuses on high-growth markets with limited competitive saturation. With its differentiated sales approach and vertically integrated offerings, Zeo, through its Sunergy Solar business unit, serves customers who desire to reduce high energy bills and contribute to a more sustainable future. For more information on Zeo Energy Corp., please visit www.zeoenergy.com.

    Non-GAAP Financial Measures

    Adjusted EBITDA
    Zeo Energy defines Adjusted EBITDA, a non-GAAP financial measure, as net income (loss) before interest and other expenses, net, income tax expense, and depreciation and amortization, as adjusted to exclude stock-based compensation. Zeo utilizes Adjusted EBITDA as an internal performance measure in the management of the Company’s operations because the Company believes the exclusion of these non-cash and non-recurring charges allows for a more relevant comparison of Zeo’s results of operations to other companies in the industry. Adjusted EBITDA should not be viewed as a substitute for net loss calculated in accordance with GAAP, and other companies may define Adjusted EBITDA differently.

    The following table provides a reconciliation of net income (loss) to Adjusted EBITDA for the periods presented:

           
      Three months Ended March 31,  
        2025       2024    
    Net income (loss)   $ (13,319,363 )     $ (4,107,102 )  
    Adjustment:                
    Other income, net     (82,363 )       0    
    Change in fair value of warrant liabilities     (663,449 )       138,000.00    
    Interest expense     30,277         35,222    
    Income tax benefit     523,500         (114,668.00 )  
    Stock compensation     2,257,139         3,118,584.00    
    Depreciation and amortization     4,900,729         459,529    
                     
    Adjusted EBITDA     (6,353,530 )       (470,435 )  
                     
    Net income (loss) margin     (151.6 ) %     (20.4 ) %
                     
    Adjusted EBITDA margin     (72.3 ) %     (2.3 ) %
                     

    Adjusted EBITDA Margin

    Zeo Energy defines Adjusted EBITDA margin, a non-GAAP financial measure, expressed as a percentage, as the ratio of Adjusted EBITDA to revenue, net. Adjusted EBITDA margin measures net income (loss) before interest and other expenses, net, income tax expense, depreciation and amortization, as adjusted to exclude stock-based compensation and is expressed as a percentage of revenue. In the table above, Adjusted EBITDA is reconciled to the most comparable GAAP measure, net income (loss). Zeo utilizes Adjusted EBITDA margin as an internal performance measure in the management of the Company’s operations because the Company believes the exclusion of these non-cash and non-recurring charges allows for a more relevant comparison of the Company’s results of operations to other companies in Zeo’s industry.

    The following table sets forth Zeo’s calculations of Adjusted EBITDA margin for the periods presented:

           
      Three months Ended March 31,  
        2025       2024    
    Total Revenue   $ 8,783,695       $ 20,142,156    
                     
    Adjusted EBITDA     (6,353,530 )       (470,435 )  
                     
    Adjusted EBITDA margin     (72.3 ) %     (2.3 ) %
                     

    Forward-Looking Statements

    This news release contains certain forward-looking statements within the meaning of section 27A of the Securities Act of 1933, as amended (the “Securities Act”), and Section 21E of the Exchange Act of 1934, as amended, that are based on beliefs and assumptions and on information currently available to the Company. Such statements may include, but are not limited to, statements that refer to projections, forecasts, or other characterizations of future events or circumstances, including any underlying assumptions. The words “anticipate,” “intend,” “plan,” “goal,” “seek,” “believe,” “project,” “estimate,” “expect,” “strategy,” “future,” “likely,” “may,” “should,” “will,” and similar references to future periods may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements may include, for example, statements about the future financial performance of the Company; the ability to effectively consolidate the assets of Lumio and produce the expected results; changes in the Company’s strategy, future operations, financial position, estimated revenues and losses, projected costs, prospects, the ability to raise additional funds, and plans and objectives of management. These forward-looking statements are based on information available as of the date of this news release, and current expectations, forecasts, and assumptions, and involve a number of judgments, risks, and uncertainties. Accordingly, forward-looking statements should not be relied upon as representing the Company’s views as of any subsequent date, and the Company does not undertake any obligation to update such forward-looking statements to reflect events or circumstances after the date they were made, whether as a result of new information, future events, or otherwise, except as may be required under applicable securities laws. You should not place undue reliance on these forward-looking statements. As a result of a number of known and unknown risks and uncertainties, the Company’s actual results or performance may be materially different from those expressed or implied by these forward-looking statements. Some factors that could cause actual results to differ include: (i) the outcome of any legal proceedings that may be instituted against the Company or others; (ii) the Company’s success in retaining or recruiting, or changes required in, its officers, key employees, or directors; (iii) the Company’s ability to maintain the listing of its common stock and warrants on Nasdaq; (iv) limited liquidity and trading of the Company’s securities; (v) geopolitical risk and changes in applicable laws or regulations, including tariffs or trade restrictions; (vi) the possibility that the Company may be adversely affected by other economic, business, and/or competitive factors; (vii) operational risk; (viii) litigation and regulatory enforcement risks, including the diversion of management time and attention and the additional costs and demands on the Company’s resources; (ix) the Company’s ability to effectively consolidate the assets of Lumio and produce the expected results; and (x) other risks and uncertainties, including those included under the heading “Risk Factors” in the Company’s Annual Report on Form 10-K filed with the U.S. Securities and Exchange Commission (the “SEC”) for the year ended December 31, 2024 and in its subsequent periodic reports and other filings with the SEC.

    In light of the significant uncertainties in these forward-looking statements, you should not regard these statements as a representation or warranty by the Company, its respective directors, officers or employees or any other person that the Company will achieve its objectives and plans in any specified time frame, or at all. The forward-looking statements in this news release represent the views of the Company as of the date of this news release. Subsequent events and developments may cause that view to change. However, while the Company may elect to update these forward-looking statements at some point in the future, there is no current intention to do so, except to the extent required by applicable law. You should, therefore, not rely on these forward-looking statements as representing the views of the Company as of any date subsequent to the date of this news release.

    Zeo Energy Corp. Contacts

    For Investors:
    Tom Colton and Greg Bradbury
    Gateway Group
    ZEO@gateway-grp.com

    For Media:
    Zach Kadletz
    Gateway Group
    ZEO@gateway-grp.com

    -Financial Tables to Follow-

    ZEO ENERGY CORP.
    CONDENSED CONSOLIDATED BALANCE SHEET (Unaudited)    		  
        As of March 31,   As of December 31,  
          2025       2024    
    Assets              
    Current assets              
    Cash and cash equivalents   $ 2,894,103     $ 5,634,115    
    Accounts receivable, including $286,103 and $191,662 from related parties, net of allowance for credit losses of $4,703,905 and $1,165,336, as of March 31, 2025 and December 31, 2024, respectively     4,999,508       10,186,543    
    Inventories     847,395       872,470    
    Contract assets     577,398       64,202    
    Prepaid expenses and other current assets     936,673       2,131,345    
    Total current assets     10,255,077       18,888,675    
    Other assets     113,591       314,426    
    Property, equipment and other fixed assets, net     2,629,283       2,475,963    
    Right of use operating lease assets     1,087,496       1,268,139    
    Right of use financing lease assets     412,893       447,012    
    Intangibles, net     2,938,804       7,571,156    
    Note receivable – related party     3,000,000       3,000,000    
    Goodwill     27,010,745       27,010,745    
    Total assets   $ 47,447,889     $ 60,976,116    
                   
    Liabilities, redeemable noncontrolling interest and stockholders’ (deficit) equity        
    Current liabilities              
    Accounts payable   $ 3,569,632     $ 2,780,885    
    Accrued expenses and other current liabilities, including $2,320,129 and $3,359,101 with related parties at March 31, 2025 and December 31, 2024, respectively     6,581,799       8,540,188    
    Current portion of long-term debt     301,091       291,036    
    Current portion of obligations under operating leases     555,672       583,429    
    Current portion of obligations under financing leases     133,408       130,464    
    Convertible promissory note     2,455,000       2,440,000    
    Contract liabilities, including $0 and $2,000 with related parties as of March 31, 2025 and December 31, 2024, respectively     119,417       203,607    
    Total current liabilities     13,716,019       14,969,609    
    Obligations under operating leases, non-current     662,291       799,385    
    Obligations under financing leases, non-current     314,167       348,807    
    Warrant liabilities     785,551       1,449,000    
    Long-term debt     414,268       496,623    
    Total liabilities     15,892,296       18,063,424    
                   
    Commitments and contingencies (Note 14)              
                   
    Redeemable noncontrolling interests              
    Convertible preferred units, 1,500,000 units issued and outstanding as of March 31, 2025 and December 31, 2024, respectively     16,536,108       16,130,871    
    Class B Units     38,097,300       115,693,900    
                   
    Stockholders’ equity              
    Class V common stock, $0.0001 par value, 100,000,000 authorized shares; 26,730,000 and 35,230,000 shares issued and outstanding as of March 31, 2025, and December 31, 2024, respectively     2,673       3,523    
    Class A common stock, $0.0001 par value, 300,000,000 authorized shares; 21,796,464 and 13,252,964 shares issued and outstanding as of March 31, 2025, and December 31, 2023, respectively     2,180       1,326    
    Additional paid in capital     16,486,224       14,523,963    
    Accumulated deficit     (39,568,892 )     (103,440,891 )  
    Total stockholders’ deficit     (23,077,815 )     (88,912,079 )  
    Total liabilities, redeemable noncontrolling interests and stockholders’ (deficit) equity   $ 47,447,889     $ 60,976,116    
                   
    ZEO ENERGY CORP.
    CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited)
        Three months ended March 31,
        2025     2024  
    Revenue, net   $ 6,216,391     $ 11,329,387  
    Related party revenue, net     2,567,304       8,812,769  
    Total revenue     8,783,695       20,142,156  
    Operating costs and expenses:            
    Cost of goods sold (exclusive of items shown below)     4,789,679       13,957,966  
    Depreciation and amortization     4,900,729       459,529  
    Sales and marketing     2,137,092       6,553,787  
    General and administrative     10,467,593       3,219,422  
    Total operating expenses     22,295,093       24,190,704  
    (Loss) income from operations     (13,511,398 )     (4,048,548 )
    Other (expenses) income, net:            
    Other income, net     82,363       –  
    Change in fair value of warrant liabilities     663,449       (138,000 )
    Interest expense     (30,277 )     (35,222 )
    Total other expense, net     715,535       (173,222 )
    Net (loss) income before taxes     (12,795,863 )     (4,221,770 )
    Income tax (expense) benefit     (523,500 )     114,668  
    Net (loss) income     (13,319,363 )     (4,107,102 )
    Net (loss) attributable to Sunergy Renewables LLC prior to the Business Combination     –       (523,681 )
    Net (loss) income subsequent to the Business Combination     (13,319,363 )     (3,583,421 )
    Net (loss) income attributable to redeemable non-controlling interests     (6,958,098 )     (2,051,930 )
    Net (loss) income attributable to Class A common stock   $ (6,361,265 )   $ (1,531,491 )
                 
    Basic and diluted net (loss) income per common unit   $ (0.48 )   $ (1.54 )
    Weighted average units outstanding, basic and diluted     13,252,964       994,345  
                 
    ZEO ENERGY CORP.
    CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited)
      Three Months Ended March 31,
      2025     2024  
    Cash Flows from Operating Activities          
    Net (loss) income $ (13,319,363 )   $ (4,107,102 )
    Adjustment to reconcile net (loss) income to cash (used in) provided by operating activities          
    Depreciation and amortization   4,900,729       459,529  
    Interest income   –       –  
    Change in fair value of warrant liabilities   (663,449 )     138,000  
    Provision for credit losses   3,538,569       150,000  
    Noncash operating lease expense   180,643       152,717  
    Stock based compensation expense   2,257,139       3,118,584  
    Changes in operating assets and liabilities:          
    Accounts receivable   1,742,907       (2,297,517 )
    Accounts receivable due from related parties   (94,441 )     (2,692,841 )
    Inventories   25,075       (28,968 )
    Prepaid installation costs   (513,196 )     4,448,953  
    Prepaids and other current assets   1,138,288       (1,420,528 )
    Other assets   (37,656 )     (109,443 )
    Accounts payable   788,747       (400,861 )
    Accrued expenses and other current liabilities   (919,417 )     (691,316 )
    Accrued expenses and other current liabilities due to related parties   (1,038,972 )     (2,148,960 )
    Contract liabilities   (82,190 )     (3,508,323 )
    Contract liabilities due to related parties   (2,000 )     (1,054,263 )
    Operating lease payments   (164,851 )     (159,650 )
    Net cash (used in) provided by operating activities   (2,263,438 )     (10,151,989 )
               
    Cash flows from Investing Activities          
    Purchases of property, equipment and other assets   (372,578 )     (226,076 )
    Net cash used in investing activities   (372,578 )     (226,076 )
               
    Cash flows from Financing Activities          
    Principal payment of finance lease liabilities   (31,696 )     (28,537 )
    Proceeds from the issuance of convertible preferred stock, net of transaction costs   –       10,277,275  
    Repayments of debt   (72,300 )     (71,855 )
    Distributions to members   –       (90,000 )
    Net cash provided by (used in) financing activities   (103,996 )     10,086,883  
               
    Net (decrease) increase in cash and cash equivalents   (2,740,012 )     (291,182 )
    Cash and cash equivalents, beginning of period   5,634,115       8,022,306  
    Cash and cash equivalents, end of the period $ 2,894,103     $ 7,731,124  
               
    Supplemental Cash Flow Information          
    Cash paid for interest $ 25,785     $ 34,060  
    Cash paid for income taxes $ –     $ –  
    Noncash finance lease expense $ 34,119     $ 34,118  
               
    Non-cash transactions          
    Deferred equity issuance costs $ –     $ 3,269,039  
    Issuance of Class A common stock to vendors $ –     $ 891,035  
    Issuance of Class A common stock to backstop investors $ –     $ 1,569,463  
    Preferred dividends $ 405,237     $ 8,224,091  

    The MIL Network –

  • MIL-OSI: Report for the first quarter 2025

    Source: GlobeNewswire (MIL-OSI)

    Oslo, 16 June 2025

    Highlights in the quarter

    Interoil’s Total operated production for the three-month period amounted to 97,506 barrels of oil equivalent (boe), representing a decline from 103,738 boe recorded in the same period of 2024. Operations in Argentina were negatively impacted by the failure of two compressor engines, which led to a sustained drop in gas production from January until the compressors were repaired in February. Despite the lower production, revenue increased to USD 5.7 million, up from USD 5.3 million in the previous year, driven by a favourable rise in gas prices.

    Interoil Colombia successfully completed a downhole intervention to the Vikingo well.

    In January, at the Company’s request, bondholders approved amendments to the bond terms to settle the full January 2025 interest payment in kind by issuing and delivering additional bonds.

    In January, Interoil launched its well service campaign in the Mana Field, aiming to service five wells. The campaign sought to recover up to 50 bopd and 600,000 scfpd of gas. As of the date of this report, seven wells have been brought back online, delivering a combined flow of 117 bopd, and 82,000 scfpd of gas.

    For more information, please see enclosed Interoil Exploration and Production ASA’s Report for the fourth quarter of 2024.

    This information is subject to the disclosure requirements pursuant to section 5 -12 of the Norwegian Securities Trading Act.

    Please direct any further questions to ir@interoil.no (mailto:ir@interoil.no)

    About Interoil

    Interoil Exploration and Production ASA is a Norwegian based exploration and production company – listed on the Oslo Stock Exchange with focus on Latin America. The Company is operator and license holder of several production and exploration assets in Colombia and Argentina with headquarter in Oslo.

    Attachment

    The MIL Network –

  • MIL-OSI: Report for the first quarter 2025

    Source: GlobeNewswire (MIL-OSI)

    Oslo, 16 June 2025

    Highlights in the quarter

    Interoil’s Total operated production for the three-month period amounted to 97,506 barrels of oil equivalent (boe), representing a decline from 103,738 boe recorded in the same period of 2024. Operations in Argentina were negatively impacted by the failure of two compressor engines, which led to a sustained drop in gas production from January until the compressors were repaired in February. Despite the lower production, revenue increased to USD 5.7 million, up from USD 5.3 million in the previous year, driven by a favourable rise in gas prices.

    Interoil Colombia successfully completed a downhole intervention to the Vikingo well.

    In January, at the Company’s request, bondholders approved amendments to the bond terms to settle the full January 2025 interest payment in kind by issuing and delivering additional bonds.

    In January, Interoil launched its well service campaign in the Mana Field, aiming to service five wells. The campaign sought to recover up to 50 bopd and 600,000 scfpd of gas. As of the date of this report, seven wells have been brought back online, delivering a combined flow of 117 bopd, and 82,000 scfpd of gas.

    For more information, please see enclosed Interoil Exploration and Production ASA’s Report for the fourth quarter of 2024.

    This information is subject to the disclosure requirements pursuant to section 5 -12 of the Norwegian Securities Trading Act.

    Please direct any further questions to ir@interoil.no (mailto:ir@interoil.no)

    About Interoil

    Interoil Exploration and Production ASA is a Norwegian based exploration and production company – listed on the Oslo Stock Exchange with focus on Latin America. The Company is operator and license holder of several production and exploration assets in Colombia and Argentina with headquarter in Oslo.

    Attachment

    The MIL Network –

  • MIL-OSI: WTW appoints Farah Ismail Senior Director, Head of Commercial Lines within its Insurance Consulting & Technology business

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, June 16, 2025 (GLOBE NEWSWIRE) — WTW (NASDAQ: WTW), a leading global advisory, broking, and solutions company, has announced the appointment of Farah Ismail as Senior Director, Head of Commercial Lines within its Insurance Consulting and Technology (ICT) business in North America. Farah brings more than fifteen years of experience across a wide spectrum of commercial insurance lines, including both specialty (Excess & Surplus Lines, Cyber, Healthcare, Environmental, Directors & Officers, Errors & Omissions, Surety) and non-specialty (General Liability, Property, Commercial Auto, Workers’ Compensation) products. Her background spans underwriting, pricing, product development, and claims, providing a well-rounded perspective on the commercial insurance landscape.

    Based in New York and reporting to Laura Doddington, Head of Personal & Commercial Lines Consulting & Technology, Farah will shape and execute the go-to-market strategy for North America within the Commercial Lines space. She will bring value to clients by helping to refine their pricing and underwriting strategies to aid them in more quickly identifying changes in risk and responding to emerging trends. Farah will focus on delivering stronger portfolio performance by leveraging new and emerging technologies, including WTW’s end-to-end analytics platform, Radar.

    Doddington commented, “Farah brings a unique understanding of the insurance space, and her broad experience leveraging analytics and technology to solve client problems will bring tremendous value to our Commercial Lines clients. I am delighted to welcome Farah to the team.”

    About Insurance Consulting and Technology (ICT)

    WTW’s Insurance Consulting and Technology business serves the insurance industry with a powerful combination of advisory services and leading-edge technology. Our mission is to innovate and transform insurance, and we deliver solutions that help clients better select, finance, and manage risk and capital. We work with clients of all sizes globally, including most of the world’s leading insurance groups. Over 1,000 client companies use our specialist insurance software on six continents. With over 1,700 colleagues in 35 markets, we continually strive to be a partner and employer of choice to the insurance industry.

    About WTW

    At WTW (NASDAQ: WTW), we provide data-driven, insight-led solutions in the areas of people, risk and capital. Leveraging the global view and local expertise of our colleagues serving 140 countries and markets, we help organizations sharpen their strategy, enhance organizational resilience, motivate their workforce and maximize performance.

    Working shoulder to shoulder with our clients, we uncover opportunities for sustainable success—and provide perspective that moves you.

    Learn more at wtwco.com.

    Media Contact

    Douglas Menelly
    Douglas.Menelly@wtwco.com +1 (516) 972-0380

    Arnelle Sullivan
    Arnelle.Sullivan@wtwco.com +1 (718) 208-0474

    The MIL Network –

  • MIL-OSI: WTW appoints Farah Ismail Senior Director, Head of Commercial Lines within its Insurance Consulting & Technology business

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, June 16, 2025 (GLOBE NEWSWIRE) — WTW (NASDAQ: WTW), a leading global advisory, broking, and solutions company, has announced the appointment of Farah Ismail as Senior Director, Head of Commercial Lines within its Insurance Consulting and Technology (ICT) business in North America. Farah brings more than fifteen years of experience across a wide spectrum of commercial insurance lines, including both specialty (Excess & Surplus Lines, Cyber, Healthcare, Environmental, Directors & Officers, Errors & Omissions, Surety) and non-specialty (General Liability, Property, Commercial Auto, Workers’ Compensation) products. Her background spans underwriting, pricing, product development, and claims, providing a well-rounded perspective on the commercial insurance landscape.

    Based in New York and reporting to Laura Doddington, Head of Personal & Commercial Lines Consulting & Technology, Farah will shape and execute the go-to-market strategy for North America within the Commercial Lines space. She will bring value to clients by helping to refine their pricing and underwriting strategies to aid them in more quickly identifying changes in risk and responding to emerging trends. Farah will focus on delivering stronger portfolio performance by leveraging new and emerging technologies, including WTW’s end-to-end analytics platform, Radar.

    Doddington commented, “Farah brings a unique understanding of the insurance space, and her broad experience leveraging analytics and technology to solve client problems will bring tremendous value to our Commercial Lines clients. I am delighted to welcome Farah to the team.”

    About Insurance Consulting and Technology (ICT)

    WTW’s Insurance Consulting and Technology business serves the insurance industry with a powerful combination of advisory services and leading-edge technology. Our mission is to innovate and transform insurance, and we deliver solutions that help clients better select, finance, and manage risk and capital. We work with clients of all sizes globally, including most of the world’s leading insurance groups. Over 1,000 client companies use our specialist insurance software on six continents. With over 1,700 colleagues in 35 markets, we continually strive to be a partner and employer of choice to the insurance industry.

    About WTW

    At WTW (NASDAQ: WTW), we provide data-driven, insight-led solutions in the areas of people, risk and capital. Leveraging the global view and local expertise of our colleagues serving 140 countries and markets, we help organizations sharpen their strategy, enhance organizational resilience, motivate their workforce and maximize performance.

    Working shoulder to shoulder with our clients, we uncover opportunities for sustainable success—and provide perspective that moves you.

    Learn more at wtwco.com.

    Media Contact

    Douglas Menelly
    Douglas.Menelly@wtwco.com +1 (516) 972-0380

    Arnelle Sullivan
    Arnelle.Sullivan@wtwco.com +1 (718) 208-0474

    The MIL Network –

  • MIL-OSI: AlayaCare Announces the Launch of Layla in Canada, an AI-Powered Assistant Designed for Home Care

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, June 16, 2025 (GLOBE NEWSWIRE) — AlayaCare, a leading provider of cloud-based home and community care solutions, is proud to announce the Canadian launch of Layla, an AI-powered conversational assistant designed to transform how care is delivered across the country.

    Now available to AlayaCare customers nationwide, Layla provides real-time, secure access to vital information through a conversational chat interface, supporting both caregivers and administrators in delivering higher-quality care with greater efficiency. Seamlessly integrated into the AlayaCare platform, Layla is purpose-built for the realities of home-based care — helping providers stay connected, informed, and empowered.

    “With the launch of Layla in Canada, we’re excited to bring the power of AI directly to frontline staff, simplifying access to information and improving how care is coordinated and delivered,” said Adrian Schauer, CEO of AlayaCare. “This marks a major step forward in our commitment to supporting the Canadian home care sector through innovation.”

    As home care organizations across Canada face increasing pressures — including workforce shortages and growing service demand — Layla offers a transformative solution. According to the National Center for Biotechnology Information, 80% of healthcare data is unstructured, and staff lose up to 30 minutes per shift searching for scattered information.

    Layla addresses this challenge head-on by delivering:

    • Comprehensive Data Access: Instant access to hundreds of data points across care plans, client records, visit notes, schedules, and more.
    • Integration with AlayaCare Cloud (ACC): Leverages real-time, structured data from existing systems for immediate utility.
    • Mobile-First, On-the-Go Support: Enables caregivers to find information quickly, wherever they are, ensuring faster, safer decisions.
    • Secure, Compliant Infrastructure: Designed with robust data security, including HIPAA compliance and Canadian privacy standards.
    • Trusted Clinical Knowledge: Provides accurate, easy-to-understand definitions for medical terms and conditions.

    Layla supports care teams across Canada in making informed decisions faster, improving documentation, and reducing administrative burden — ultimately enhancing client experiences and health outcomes.

    “Canadian care providers deserve technology built for their realities. Layla helps ensure they have the right information at the right time,” added Schauer. “It’s not just about efficiency; it’s about better outcomes and better support for the people delivering care every day.”

    For more information about Layla, visit alayacare.com/layla/.

    AlayaCare Press Contact:
    Steph Davidson
    steph.davidson@alayacare.com

    About AlayaCare

    AlayaCare is an end-to-end software platform for public, private, non-profit, and community home-based care organizations that manages the entire client lifecycle, including needs assessments, care plans, scheduling, visit and route optimization, and visit verification. Founded in 2014 and now with over 600 employees, AlayaCare combines traditional in-home and virtual care solutions that enable care providers to lower the cost of care and achieve better outcomes for their clients. For more information, visit: AlayaCare.com.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/38002137-5b0d-4ec4-9eb6-4856e4eaca1f

    The MIL Network –

  • MIL-OSI: Panther Launches PTR Token to Empower Ultra X, Building a Bridge for a Global AI Trading Ecosystem

    Source: GlobeNewswire (MIL-OSI)

    New York, NY, June 16, 2025 (GLOBE NEWSWIRE) — In today’s increasingly complex and data-driven global financial markets, the integration of artificial intelligence (AI) and blockchain technology is reshaping the investment landscape. Traditional quantitative trading, reliant on human decisions and limited data analysis, struggles to meet the rapidly changing market demands. Meanwhile, investors are increasingly seeking efficient, transparent, and intelligent trading tools. Against this backdrop, the Panther Quantitative Think Tank Investment Center has emerged with its innovative Ultra X quantitative trading system and native token PTR. PTR is not only the core driving force of the Ultra X ecosystem but also serves as a bridge connecting investors, developers, and AI platforms, building a revolutionary global trading network and opening up new possibilities for wealth creation.

    PTR: The Core Link of the Ultra X Ecosystem

    The PTR token is the lifeblood of the Ultra X ecosystem, with a profound impact on creating and maintaining an AI-driven quantitative trading ecosystem. Ultra X is a cutting-edge trading system that integrates deep learning, big data analysis, and blockchain technology, supporting autonomous trading in stocks, gold, options, and cryptocurrencies (such as BTC, ETH, USDT, USDC). As a bridge within the ecosystem, PTR connects various stakeholders and drives every aspect from research and development to global promotion, ensuring Ultra X becomes the “super brain” of the financial market.

    The head of Panther’s R&D team stated, “PTR is the soul of the Ultra X ecosystem. It is not only the funding engine for technological innovation but also the key link for global investors to share success with Ultra X.”

    How PTR Shapes the Ultra X Ecosystem

    PTR’s unique position is reflected in the following core functions, highlighting its profound impact as an ecosystem bridge:

    • 1. Funding Link: Driving Technological Innovation

    PTR provides funding for Ultra X’s R&D, data acquisition, and global server deployment through decentralized financing. For example, PTR supports the system’s real-time analysis of massive data, ensuring Ultra X continues to evolve and maintain technological leadership.

    • 2. Incentive Bridge: Connecting Users and Value

    PTR holders enjoy advanced features of Ultra X, such as real-time monitoring of investment market directions and trends, dashboards for cryptocurrency capital flows (USDT, BTC, ETH, USDC), and exclusive trading strategy reports. Through a profit-sharing mechanism, holders can share in the profits after Ultra X’s market launch, directly participating in ecological value creation. This incentive model closely connects users and the platform.

    • 3. Governance Hub: Empowering Community Participation

    PTR is not just a trading tool; it grants governance rights to holders. In the future, holders will be able to vote on Ultra X’s feature upgrades or personalized services, building a community-driven ecosystem. This decentralized governance reinforces PTR’s position as an ecosystem bridge.

    • 4. Trust Foundation: Safeguarding User Interests

    Panther commits to fully compensating users if Ultra X’s recommended strategies result in losses, with a single compensation cap of 100%. This mechanism seamlessly connects user trust with platform responsibility through PTR’s bridging role, enhancing the ecosystem’s reliability.

    Advantages and Features of PTR

    • · Ecosystem Integration: PTR unites investors, developers, and AI technologies, creating a self-sustaining trading ecosystem that transcends traditional financial models.
    • · Global Connectivity: Supports the global promotion of Ultra X, covering regions such as the U.S., Canada, the UK, and Asia, with plans to launch on Google Play and the App Store to expand user reach.
    • · Transparency and Trustworthiness: Semi-annual independent audits of Ultra X performance and PTR usage details, coupled with strict AML/KYC policies and cold wallet storage, ensure fund security.
    • · Social Value: Panther donates 5% of Ultra X profits to educational and technological public welfare, reflecting the social responsibility of the PTR ecosystem.

    The Cornerstone of Trust and Transparency

    Panther reinforces the credibility of PTR and Ultra X through transparent operations. Monthly reports from independent audits publicly disclose trading performance and token usage, which users can access in real-time via the Panther official website (https://pqtic.com). Funds are managed by a third-party custodian, with PTR reserves stored in multi-signature cold wallets, preventing unauthorized access. Additionally, Panther’s market value management program ensures the healthy development of PTR prices through liquidity support and strategic partnerships, protecting the interests of early investors.

    PTR: The Connector of Financial Futures

    The PTR token serves as a link and bridge, transforming Ultra X into a global AI trading ecosystem. Whether providing funding for the system, incentivizing user participation, or empowering community governance, PTR is pushing the boundaries of financial technology. Supported by Ultra X, it analyzes market trends and social media sentiment to provide precise strategies, helping users succeed in a volatile market. As Panther accelerates global promotion and recruits regional sales agents, PTR is becoming a benchmark in fintech that connects technology and wealth.

    About Panther Quantitative Think Tank Investment Center

    Founded in 2017 and headquartered in New York, Panther is a pioneer in AI-driven quantitative trading. Its flagship product, Ultra X, integrates deep learning, natural language processing, and blockchain technology to provide intelligent trading solutions. With a global network of partners, Panther is committed to reshaping the future of wealth creation.

    Website: https://pqtic.com/

    Disclaimer: The information provided in this press release is not a solicitation for investment, nor is it intended as investment advice, financial advice, or trading advice. It is strongly recommended you practice due diligence, including consultation with a professional financial advisor, before investing in or trading cryptocurrency and securities.

    The MIL Network –

  • MIL-OSI: Middlefield Concludes Mutual Fund Risk Rating Review

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, June 16, 2025 (GLOBE NEWSWIRE) — Middlefield Group (“Middlefield”) announced today that it has concluded the risk rating review of its Mutual Funds. The risk rating of Middlefield Innovation Dividend Class has been increased from Medium to Medium-to-High, and the risk rating of Middlefield Global Infrastructure Fund has been increased from Low-Medium to Medium. These changes are reflected in the Prospectus and the respective Fund Facts dated June 16, 2025. The risk rating change is effective immediately and is based on the risk classification methodology mandated by the Canadian Securities Administrators, in accordance with National Instrument 81-102 Investment Funds.

    Middlefield reviews the risk rating of the Mutual Funds it manages at least on an annual basis, as well as when a fund undergoes a material change. These changes are not the result of any changes to the investment objectives, strategies, or management of the respective Funds.

    Copies of the Prospectus and further information about any of our Mutual Funds are available by visiting our website at www.middlefield.com or contacting Nancy Tham in our Sales and Marketing Department at 1.888.890.1868.

    About Middlefield

    Founded in 1979, Middlefield is a specialist and independent equity income manager headquartered in Toronto, Canada. Middlefield’s actively managed, award-winning funds are designed to be “investments that work for you” by distributing consistent and high levels of income through various market cycles. Middlefield’s funds span a number of market sectors including real estate, healthcare, innovation, sustainability, infrastructure and energy. Investors can access these strategies in a variety of product types including ETFs, Mutual Funds, Closed-End Funds, Split-Share Funds and Flow-through LPs.

    Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.

    The MIL Network –

  • MIL-OSI: PCM Encore Surpasses $1.2 Billion in Client Assets, Expands Nationwide in First Six Months Serving External Families

    Source: GlobeNewswire (MIL-OSI)

    Built over five years as a single family office, PCM Encore opened to other families six months ago and now manages over $1.2 billion. With 57 families onboard, the firm continues expanding its advisor network and direct investment capabilities across the country.

    Photo Credit PCM Encore

    BELLEVUE, Wash., June 16, 2025 (GLOBE NEWSWIRE) — PCM Encore today announced that it has exceeded $1.2 billion in assets under management, just six months after opening its platform to outside families. Originally founded as a single family office, PCM Encore has spent the past five years building a robust, institutional-grade wealth management platform. The firm now serves 57 families across the United States.

    PCM Encore provides a comprehensive suite of investment, tax, estate, and family office services tailored to the needs of sophisticated families. The platform emphasizes long-term partnership, after-tax return optimization, and access to high-quality private and public investment opportunities.

    Key Milestones Achieved in the First Six Months:

    PCM Encore’s early growth reflects rising demand among wealthy families for a more personalized alternative to traditional wirehouse and RIA offerings. With over $1.2 billion in client AUM, the firm is focused on sustainable, relationship-driven expansion.

    • Built out a team of registered advisors based in: Aspen, Charlotte, Dallas, Denver, and Seattle
    • Developed a direct investment team based in Menlo Park
    • Opened an additional office in Miami
    • Onboarded 57 families to the PCM Encore platform
    • Expanded team to more than 15 professionals, including experts in investment management, technology, compliance, and client advisory
    • Delivered comprehensive services, including tax and estate planning, family office solutions, and portfolio optimization
    • Facilitated client access to a broad array of leading fund managers and investment strategies, including: Direct Indexing, Private Credit, Private Real Estate, Private Infrastructure, Private Equity, Venture Capital

    Tax Alpha In a Volatile Market

    PCM Encore’s tax-aware investing approach has helped clients outperform even in a stagnant market. During the volatility following April’s “Liberation Day” tariff announcements, the firm’s investment team deployed aggressive tax loss harvesting strategies. While major indices like the S&P 500 were flat year-to-date through May, PCM Encore clients ended the period meaningfully ahead on an after-tax basis.

    “Especially in environments like this, after-tax returns are what separate smart portfolios from the rest,” said Bradford Lin, Principal at PCM Encore and former KKR private equity executive. “By capturing losses tactically and reinvesting, we’ve delivered tax alpha that compounds over time—even when the market goes nowhere.”

    The firm reported over 1% in tax alpha in Q1, with early Q2 data pointing to even stronger results. Past performance is not indicative of future results. Tax alpha results may vary based on individual circumstances and market conditions.

    Institutional Investment Platform with a Proven Track Record

    PCM Encore offers families access to a carefully curated suite of private and public investment opportunities, along with proprietary diligence, ongoing monitoring, and operational support.

    Notable recent outcomes include:

    • A successful exit from Vector, a trucking and logistics software company, at a nine-figure valuation, where PCM Encore was a seed investor and board member
    • In partnership with ACG and Prudential, breaking ground on the first major multifamily development project of 2025 in the Seattle metro area

    These results highlight the firm’s ability to originate and execute investments across various asset classes while aligning with client portfolios.

    Building a Team for Long-Term Success

    PCM Encore was founded by Michael Paulus, a seasoned growth investor and entrepreneur with a track record of building companies at scale. The firm’s team has grown to include professionals with backgrounds in investment management, technology, compliance, and client service. PCM Encore’s leadership includes:

    • Bradford Lin, Direct Investments Principal and former KKR private equity executive
    • John Shepard, Chief Technology Officer and former Microsoft executive
    • Sam Rice, Chief Compliance Officer
    • Andrew Weiss, Chief Marketing Officer

    The firm remains focused on expanding its platform and deepening relationships with families nationwide.

    “We’ve spent years building PCM Encore for our own family,” Paulus added. “Now, we’re honored to be a trusted partner to other families who share our long-term mindset and value the same high standards that we do.”

    Visit PCM Encore website to learn more about PCM Encore’s services and locations.

    About PCM Encore

    PCM Encore is a technology-forward, independent fiduciary financial advisor serving ultra-high-net-worth individuals, trusts, and family offices. The firm combines a personalized, client-first approach with institutional investment access, proprietary strategies, and deep expertise in tax and estate planning. PCM Encore is headquartered in Bellevue, Washington, with advisors and investment professionals based in Aspen, Charlotte, Dallas, Denver, Seattle, and Menlo Park.

    Contact Information:

    Contact Person’s Name: Michael Paulus
    Organization / Company: PCM Encore
    Company website: https://encoreinvestment.com/
    Contact Email Address: hello@encoreinvestment.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/8268d15a-8f5f-4987-862a-1a16eb873dde

    The MIL Network –

  • MIL-OSI: Picton Mahoney Asset Management Announces Monthly Distribution for PICTON Long Short Income Alternative Fund Exchange Traded Fund Units, PICTON Credit Opportunities Alternative Fund Exchange Traded Fund Units, PICTON Core Bond Fund Exchange Traded Fund Units, PICTON Multi-Strategy Alpha Alternative Fund Exchange Traded Fund Units and PICTON Investment Grade Alternative Fund Exchange Traded Fund Units

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, June 16, 2025 (GLOBE NEWSWIRE) — (TSX: PFIA, PFSS, PFCB, PFAA, PFIG) Picton Mahoney Asset Management announced today that it has declared the June 2025 monthly cash distribution of $0.0351 per unit for the ETF units (“ETF Units”) of the PICTON Long Short Income Alternative Fund (formerly Picton Mahoney Fortified Income Alternative Fund).

    Picton Mahoney Asset Management announced today that it has declared the June 2025 monthly cash distribution of $0.0498 per unit for the ETF Units of the PICTON Credit Opportunities Alternative Fund (formerly Picton Mahoney Fortified Special Situations Alternative Fund).

    Picton Mahoney Asset Management announced today that it has declared the June 2025 monthly cash distribution of $0.0321 per unit for the ETF Units of the PICTON Core Bond Fund (formerly Picton Mahoney Fortified Core Bond Fund).

    Picton Mahoney Asset Management announced today that it has declared the June 2025 monthly cash distribution of $0.0020 per unit for the ETF Units of the PICTON Multi-Strategy Alpha Alternative Fund (formerly Picton Mahoney Fortified Alpha Alternative Fund).

    Picton Mahoney Asset Management announced today that it has declared the June 2025 monthly cash distribution of $0.0503 per unit for the ETF units of the PICTON Investment Grade Alternative Fund (formerly Picton Mahoney Fortified Investment Grade Alternative Fund).

    Unitholders of record of the ETF Units, at the close of business on June 20, 2025, will receive a per-unit cash distribution payable on June 30, 2025.

    About Picton Mahoney Asset Management

    Picton Mahoney Asset Management specializes in differentiated investment solutions and rules-based volatility management. Picton Mahoney helps its clients fortify their portfolios based on experience honed over the years through different market cycles and investing environments.

    Founded in 2004 and 100% employee-owned, Picton Mahoney is a portfolio management boutique entrusted with over $14.5 billion (as at May 31, 2025) in assets under management. Pioneers of Authentic Hedge® investment principles and practices in Canada, the firm offers a full suite of investment solutions, including mutual and alternative funds, to institutional and retail investors across the country.

    Commissions, trailing commissions, management fees, performance fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Mutual funds are not guaranteed, their values change frequently, and past performance may not be repeated. Alternative funds can only be purchased through a registered dealer and are available only in those jurisdictions where they may be lawfully offered for sale.

    For further information please contact:

    Arthur Galloway
    Picton Mahoney Asset Management
    Tel: (416) 955-4108
    Web site: www.pictoninvestments.com
    Email: invest@pictoninvestments.com

    The MIL Network –

  • MIL-OSI: BitMart Unleashes Futures King Trading Tournament: $232,000 USDT Up for Grabs in Summer Showdown

    Source: GlobeNewswire (MIL-OSI)

    Mahe, Seychelles , June 16, 2025 (GLOBE NEWSWIRE) — BitMart, a leading global cryptocurrency exchange, has launched the Futures King Trading Tournament, an electrifying summer event where futures traders have the opportunity to share in a staggering $232,000 USDT prize pool. Running from June 12 to July 9, 2025 (UTC), this trading tournament is set to heat up the crypto scene with daily, weekly, and monthly reward opportunities for traders of all levels.

    Get Rewarded Just for Showing Up – Sunshine Award
    Participants who register and trade at least 1,000 USDT in futures are guaranteed a reward opportunity through the Sunshine Award, with blind box bonuses of up to 100 USDT. With a dedicated prize pool of 50,000 USDT, this is BitMart’s way of welcoming all traders to the competition.

    Leaderboards That Pay – Multiple Paths to Earn Bonuses
    The Futures King Trading Tournament features multiple leaderboard categories designed to reward performance, consistency, and strategy. With generous bonus pools available, traders have several ways to earn throughout the event:

    • Daily Trading Rank: Participants who trade 30,000 USDT or more in a single day can enter the daily leaderboard. Top traders may receive up to 225 USDT per day, with a total of 6,300 USDT distributed over the campaign.
    • Weekly Trading Rank: By reaching a weekly trading volume of 100,000 USDT or more, traders become eligible for the weekly leaderboard rewards. Depending on total activity, the weekly bonus pool can reach as high as 42,000 USDT.
    • Monthly Trading Rank: Those who trade at least 200,000 USDT during the campaign can qualify for monthly rewards. The monthly prize pool may reach up to 68,600 USDT, offering top performers significant bonus potential.
    • Monthly ROI Rank: For traders focused on returns, the ROI leaderboard highlights those with 10,000 USDT in volume and a positive ROI. The top reward opportunities extend up to 5,880 USDT.

    Exclusive Bonus for VIP Climbers
    BitMart is also offering a VIP Tier Upgrade Bonus during the event. Traders who level up their VIP status through futures activity can claim additional rewards of 100–200 USDT bonus, credited as a futures trading bonus.

    How to Join

    1. Head over to the official event page.
    2. Click [Join Now] to register.
    3. Start trading futures — USDT-M, Coin-M, or via Copy Trading — to qualify.

    Participation in this campaign is subject to terms and conditions. Restrictions apply in certain countries and regions.

    About BitMart
    BitMart is the premier global digital asset trading platform. With millions of users worldwide and ranked among the top crypto exchanges on CoinGecko, it currently offers 1,700+ trading pairs with competitive trading fees. Constantly evolving and growing, BitMart is interested in crypto’s potential to drive innovation and promote financial inclusion. To learn more about BitMart, visit their Website, follow their X (Twitter), or join their Telegram for updates, news, and promotions. Download BitMart App to trade anytime, anywhere.

    Disclaimer: Use of BitMart services is entirely at your own risk. All crypto investments, including earnings, are highly speculative in nature and involve substantial risk of loss. Past, hypothetical, or simulated performance is not necessarily indicative of future results. The value of digital currencies can go up or down and there can be a substantial risk in buying, selling, holding, or trading digital currencies. You should carefully consider whether trading or holding digital currencies is suitable for you based on your personal investment objectives, financial circumstances, and risk tolerance. BitMart does not provide any investment, legal, or tax advice.

    The MIL Network –

  • MIL-OSI: Meriwest Credit Union Celebrates Sixth Consecutive Year as 2025 Best Place to Work

    Source: GlobeNewswire (MIL-OSI)

    SILICON VALLEY, Calif., June 16, 2025 (GLOBE NEWSWIRE) — Meriwest Credit Union has been honored as a 2025 Best Place to Work by the San Francisco Business Times and Silicon Valley Business Journal, achieving this distinguished award for the sixth consecutive year. This recognition, made as part of the annual survey conducted by the two publications and based on exceptional employee survey scores, celebrates organizations that excel in creating dynamic, employee-centric cultures.

    Meriwest Credit Union has consistently demonstrated its commitment to building a workplace that champions teamwork, innovation, and employee support. This six-year streak underscores the credit union’s focus on fostering an environment where employees thrive through professional development opportunities, wellness initiatives, and a collaborative spirit.

    “Being recognized as a Best Place to Work for the sixth consecutive year is a tremendous honor,” said Lisa Pesta, President and CEO of Meriwest Credit Union. “This achievement is a testament to the passion and commitment of our exceptional team, whose dedication to our mission continues to make Meriwest a dynamic and rewarding place to build a career.”

    Rooted in its core philosophy of ‘People Helping People,’ Meriwest Credit Union continues to lead the financial services industry by prioritizing employee satisfaction, member-focused solutions, and meaningful community impact. This recognition reinforces Meriwest’s position as a trailblazer in delivering exceptional financial services while nurturing a workplace that inspires excellence.

    Meriwest Credit Union

    Founded in San Jose, California in 1961, Meriwest Credit Union ($2.1B in assets) is among Silicon Valley’s most established financial institutions. Dedicated to delivering advice-based, personal, convenient, and innovative financial services to over 80,000 families and businesses throughout the San Francisco Bay Area and Pima County, Arizona, Meriwest offers a wide array of personal banking, business services, mortgage, and wealth advisory services. Meriwest has been voted one of the ‘Best Credit Unions in Silicon Valley’ in the Mercury News’ Annual ‘Readers’ Choice Awards’ and a “Best Place to Work” by the Silicon Valley Business Journal for the last 5 years in a row. More information can be found at www.meriwest.com.

    Media Contact:
    Jeffrey Zane
    Meriwest Credit Union
    Public Relations
    408-612-1484
    jzane@meriwest.com

    The MIL Network –

  • MIL-OSI: XRP News: Nimanode’s $NMA Presale Explodes Past 20% Softcap Target, is this the next 10X DeFi Mover?

    Source: GlobeNewswire (MIL-OSI)

    LEEDS, United Kingdom, June 16, 2025 (GLOBE NEWSWIRE) — Imagine the future where your entire workflow on the Blockchain is powered by AI to get maximum benefits of it. This goes from investing, security, compliance, monitoring and every significant interaction being automated via AI agents. That is the future of work and that is where Nimanode comes in as the first platform of its kind to deliver a zero-code solution for launching on-chain AI agents that can perform these complex blockchain tasks.

    Nimanode has drawn massive investor confidence with its $NMA Presale, having so far surpassed expectations by rapidly filling 20% of its softcap target with support of early adopters seeking exposure to the next phase of Web3 technology.

    Join $NMA Presale

    Pioneering the AI x Blockchain Tech on XRP Ledger

    Built natively on XRPL, Nimanode leverages the blockchain’s speed, low fees, and scalability to enable high-frequency, low-latency AI agent execution. The platform’s agents are capable of:

    • Executing smart contracts via XRPL Hooks
    • Scanning wallets and tokens for real-time risk
    • Monitoring compliance in tokenized real-world assets (RWAs)
    • Managing liquidity and maximizing APY across XRPL protocols
    • Operating 24/7 as decentralized customer support interfaces

    NMA Token: Powering DeFi Innovation

    At the core of Nimanode is the Agent Marketplace, where users can license, share, and monetize AI agents with other users and businesses. Combined with its SDK for developers and drag-and-drop builder for creators, Nimanode is positioning itself as a hub for Web3 automation and on-chain labor.

    $NMA, the platform’s utility token, is used for:

    • Deploying and upgrading agents
    • Licensing agents via the marketplace
    • Staking to earn protocol rewards
    • Participating in decentralized governance

    Market Analysts already predict strong upside upon exchange listing of $NMA as demand for agent-based infrastructure gains traction.

    This is a chance to invest in $NMA before its Listing at 25% higher than Presale value, however whales position for more as they eye a 10X surge on Launch.

    $NMA Token Sale is Ongoing

    With a total of 90 million $NMA representing 45% of $NMA allocated for the presale, this marks a unique and promising chance to claim early access into one of XRP Ledger’s most innovative projects, spearheading the AI ecosystem on the blockchain.

    Joining in the NimaNode Presale is quite straightforward

    Purchase XRP: Acquire XRP from reputable exchanges like Binance, Coinbase, or Bybit

    Send to an XRP-Compatible Wallet: Ensure you have a non-custodial wallet capable of receiving XRP native tokens Xaman recommended.

    Participate in the Presale: Visit the NimaNode presale page (https://nimanode.com/presale), send your XRP to the provided presale address, and secure your $NMA tokens.

    As Nimanode Presale gains momentum, now is a perfect opportunity to position at the next wave of Blockchain innovation poised for massive gains through the integration of Web3 and AI.

    Final Word

    The future of blockchain is autonomous AI agents working for you and it begins with Nimanode. As the XRP ecosystem continues to attract global attention, Nimanode is entering the scene with purpose — to become the backbone of autonomous Web3 infrastructure.

    By merging artificial intelligence with no-code tools on one of the fastest blockchains in existence, Nimanode is redefining how value, automation, and intelligence move through decentralized systems.

    Connect with Nimanode

    Website: https://nimanode.com

    Twitter/X: https://x.com/nimanodeai

    Telegram: https://t.me/nimanodeAI

    Documentation: https://docs.nimanode.com

    Contact:
    Nick Lambert
    contact@nimanode.com

    Disclaimer: This is a paid post and is provided by Nimanode. The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. We do not guarantee any claims, statements, or promises made in this article. This content is for informational purposes only and should not be considered financial, investment, or trading advice.Investing in crypto and mining-related opportunities involves significant risks, including the potential loss of capital. It is possible to lose all your capital. These products may not be suitable for everyone, and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. However, due to the inherently speculative nature of the blockchain sector—including cryptocurrency, NFTs, and mining—complete accuracy cannot always be guaranteed. Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release. In the event of any legal claims or charges against this article, we accept no liability or responsibility.Globenewswire does not endorse any content on this page.

    Legal Disclaimer: This media platform provides the content of this article on an “as-is” basis, without any warranties or representations of any kind, express or implied. We assume no responsibility for any inaccuracies, errors, or omissions. We do not assume any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information presented herein. Any concerns, complaints, or copyright issues related to this article should be directed to the content provider mentioned above.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/8a7bf532-c402-4839-a707-e75cd5949aad

    The MIL Network –

  • MIL-OSI: Imperial Petroleum Inc. Declares Dividend on Series A Preferred Shares

    Source: GlobeNewswire (MIL-OSI)

    ATHENS, Greece, June 16, 2025 (GLOBE NEWSWIRE) — Imperial Petroleum Inc. (Nasdaq: IMPP) (the “Company”), a ship-owning company providing petroleum products, crude oil, and drybulk seaborne transportation services, today announced a dividend of $0.546875 per share on its 8.75% Series A Cumulative Redeemable Perpetual Preferred Stock (the “Series A Preferred Shares”), payable on June 30, 2025 to holders of record as of June 25, 2025. The dividend payment relates to the period from the last dividend payment date for the Series A Preferred Shares on March 30, 2025, through June 29, 2025.

    There are 795,878 Series A Preferred Shares outstanding as of the date hereof. The Series A Preferred Shares trade on the Nasdaq Capital Market under the ticker symbol “IMPPP.”

    ABOUT IMPERIAL PETROLEUM INC.

    IMPERIAL PETROLEUM INC. is a ship-owning company providing petroleum products, crude oil and drybulk seaborne transportation services. The Company owns a total of seventeen vessels on the water – seven M.R. product tankers, two suezmax tankers, three handysize drybulk carriers, three supramax drybulk carriers and two kamsarmax drybulk vessels – with a total capacity of 1,082,800 deadweight tons (dwt), and has contracted to acquire an additional two supramax drybulk carriers of 111,200 dwt aggregate capacity. Following these deliveries, the Company’s fleet will count a total of 19 vessels with an aggregate capacity of 1.2 million dwt. IMPERIAL PETROLEUM INC.’s shares of common stock and 8.75% Series A Cumulative Redeemable Perpetual Preferred Stock are listed on the Nasdaq Capital Market and trade under the symbols “IMPP” and “IMPPP,” respectively.

    Forward-Looking Statements

    Matters discussed in this release may constitute forward-looking statements. Forward-looking statements reflect our current views with respect to future events and financial performance and may include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements, which are other than statements of historical facts. The forward-looking statements in this release are based upon various assumptions, many of which are based, in turn, upon further assumptions, including without limitation, management’s examination of historical operating trends, data contained in our records and other data available from third parties. Although IMPERIAL PETROLEUM INC. believes that these assumptions were reasonable when made, because these assumptions are inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict and are beyond our control, IMPERIAL PETROLEUM INC. cannot assure you that it will achieve or accomplish these expectations, beliefs or projections. Important factors that, in our view, could cause actual results to differ materially from those discussed in the forward-looking statements include the strength of world economies and currencies, geopolitical conditions, including any trade disruptions resulting from tariffs and other protectionist measures imposed by the United States or other countries, general market conditions, including changes in charter hire rates and vessel values, charter counterparty performance, changes in demand that may affect attitudes of time charterers to scheduled and unscheduled drydockings, changes in IMPERIAL PETROLEUM INC’s operating expenses, including bunker prices, drydocking and insurance costs, ability to obtain financing and comply with covenants in our financing arrangements, actions taken by regulatory authorities, potential liability from pending or future litigation, domestic and international political conditions, the conflict in Ukraine and related sanctions, the conflicts in the Middle East, potential disruption of shipping routes due to ongoing attacks by Houthis in the Red Sea and Gulf of Aden or accidents and political events or acts by terrorists. Risks and uncertainties are further described in reports filed by IMPERIAL PETROLEUM INC. with the U.S. Securities and Exchange Commission.

    Company Contact:

    Fenia Sakellaris

    IMPERIAL PETROLEUM INC.

    E-mail: info@imperialpetro.com

    The MIL Network –

  • MIL-OSI: Imperial Petroleum Inc. Declares Dividend on Series A Preferred Shares

    Source: GlobeNewswire (MIL-OSI)

    ATHENS, Greece, June 16, 2025 (GLOBE NEWSWIRE) — Imperial Petroleum Inc. (Nasdaq: IMPP) (the “Company”), a ship-owning company providing petroleum products, crude oil, and drybulk seaborne transportation services, today announced a dividend of $0.546875 per share on its 8.75% Series A Cumulative Redeemable Perpetual Preferred Stock (the “Series A Preferred Shares”), payable on June 30, 2025 to holders of record as of June 25, 2025. The dividend payment relates to the period from the last dividend payment date for the Series A Preferred Shares on March 30, 2025, through June 29, 2025.

    There are 795,878 Series A Preferred Shares outstanding as of the date hereof. The Series A Preferred Shares trade on the Nasdaq Capital Market under the ticker symbol “IMPPP.”

    ABOUT IMPERIAL PETROLEUM INC.

    IMPERIAL PETROLEUM INC. is a ship-owning company providing petroleum products, crude oil and drybulk seaborne transportation services. The Company owns a total of seventeen vessels on the water – seven M.R. product tankers, two suezmax tankers, three handysize drybulk carriers, three supramax drybulk carriers and two kamsarmax drybulk vessels – with a total capacity of 1,082,800 deadweight tons (dwt), and has contracted to acquire an additional two supramax drybulk carriers of 111,200 dwt aggregate capacity. Following these deliveries, the Company’s fleet will count a total of 19 vessels with an aggregate capacity of 1.2 million dwt. IMPERIAL PETROLEUM INC.’s shares of common stock and 8.75% Series A Cumulative Redeemable Perpetual Preferred Stock are listed on the Nasdaq Capital Market and trade under the symbols “IMPP” and “IMPPP,” respectively.

    Forward-Looking Statements

    Matters discussed in this release may constitute forward-looking statements. Forward-looking statements reflect our current views with respect to future events and financial performance and may include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements, which are other than statements of historical facts. The forward-looking statements in this release are based upon various assumptions, many of which are based, in turn, upon further assumptions, including without limitation, management’s examination of historical operating trends, data contained in our records and other data available from third parties. Although IMPERIAL PETROLEUM INC. believes that these assumptions were reasonable when made, because these assumptions are inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict and are beyond our control, IMPERIAL PETROLEUM INC. cannot assure you that it will achieve or accomplish these expectations, beliefs or projections. Important factors that, in our view, could cause actual results to differ materially from those discussed in the forward-looking statements include the strength of world economies and currencies, geopolitical conditions, including any trade disruptions resulting from tariffs and other protectionist measures imposed by the United States or other countries, general market conditions, including changes in charter hire rates and vessel values, charter counterparty performance, changes in demand that may affect attitudes of time charterers to scheduled and unscheduled drydockings, changes in IMPERIAL PETROLEUM INC’s operating expenses, including bunker prices, drydocking and insurance costs, ability to obtain financing and comply with covenants in our financing arrangements, actions taken by regulatory authorities, potential liability from pending or future litigation, domestic and international political conditions, the conflict in Ukraine and related sanctions, the conflicts in the Middle East, potential disruption of shipping routes due to ongoing attacks by Houthis in the Red Sea and Gulf of Aden or accidents and political events or acts by terrorists. Risks and uncertainties are further described in reports filed by IMPERIAL PETROLEUM INC. with the U.S. Securities and Exchange Commission.

    Company Contact:

    Fenia Sakellaris

    IMPERIAL PETROLEUM INC.

    E-mail: info@imperialpetro.com

    The MIL Network –

  • MIL-OSI: Reeflex Solutions Inc. Announces Credit Facility With the Royal Bank of Canada

    Source: GlobeNewswire (MIL-OSI)

    NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

    CALGARY, Alberta, June 16, 2025 (GLOBE NEWSWIRE) — Reeflex Solutions Inc. (TSXV: RFX) (“Reeflex” or the “Company”) is pleased to announce that it has entered into a credit agreement with the Royal Bank of Canada (“RBC”) for credit facilities (the “Credit Facilities”) that will support the Company’s continued growth and operational flexibility, including working capital requirements and potential expansion opportunities.

    The Credit Facilities consist of: (i) a revolving demand facility in the amount of $1 million bearing interest at the Royal Bank Prime Rate + 1.25%; and (ii) a revolving term facility in the amount of $500,000 available by way of a series of variable rate term loans and fixed rate term loans with terms up to 72 months. The specific repayment terms of a drawdown under the revolving term facility will be agreed to between the Company and RBC at the time of drawdown.

    “We are very pleased to have secured this credit facility with RBC,” said John Babic, President & CEO of Reeflex. “This financing represents a vote of confidence in our business model, management team, and long-term strategic vision. It also enhances our ability to execute on our growth plans.”

    The Credit Facilities are secured by a General Security Agreement constituting a first ranking security interest in all of the property of Reeflex and a personal guarantee by an officer and director of the Company.

    The credit agreement includes standard financial reporting obligations and customary fees, including an annual renewal fee, arrangement fee, and monthly management fee.  

    About Reeflex

    Reeflex is a public company delivering advanced engineering and manufacturing solutions across various industry sectors. Through our wholly-owned subsidiary, Coil Solutions Inc., we provide coil tubing injectors and downhole tools for the oil & gas sector. Our manufacturing division, Ranglar Manufacturing, specializes in custom-designed mobile equipment for a wide range of industrial applications. See www.coilsolutions.com and www.ranglar.com.

    Reeflex Contact

    For further information, please contact:

    John Babic
    President, Chief Executive Officer and Director
    Email: john.babic@reeflex.ca
    Telephone: 780-909-4220

    Cautionary Note Regarding Forward–Looking Information

    This press release contains “forward-looking information” or “forward-looking statements” within the meaning of Canadian securities legislation. All statements included herein, other than statements of historical fact, including statements included in the “About Reeflex” section of this press release, are forward-looking. Generally, the forward-looking information and forward-looking statements can be identified by the use of forward-looking terminology such as “anticipate”, “believes”, “estimates”, “expects”, “intends”, “may”, “should”, “will” or variations of such words or similar expressions. More particularly, and without limitation, this press release contains forward-looking information or forward-looking statements concerning the resumption of trading of the Reeflex Shares on the TSXV and Reeflex capitalizing on opportunities for growth in its industry. Reeflex cautions that all forward-looking information and forward-looking statements are inherently uncertain, and that actual performance may be affected by a number of material factors, assumptions and expectations, many of which are beyond the control of Reeflex, including expectations and assumptions concerning Reeflex, as well as other risks and uncertainties, including those described in Reeflex’s filings available on SEDAR+ at www.sedarplus.ca. The reader is cautioned that assumptions used in the preparation of any forward-looking information or forward-looking statements may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted as a result of numerous known and unknown risks, uncertainties and other factors, many of which are beyond the control of Reeflex. The reader is cautioned not to place undue reliance on any forward-looking information or forward-looking statements. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking information and forward-looking statements contained in this press release are expressly qualified by this cautionary statement.

    The forward-looking information and forward-looking statements contained in this press release are made as of the date of this press release, and Reeflex does not undertake any obligation to update publicly or to revise any of the included forward-looking information or forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by law.

    Neither 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.

    The securities have not been and will not be registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirement. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

    The MIL Network –

  • MIL-OSI: BNP Paribas share buyback programme – Declaration of transactions in own shares from June 9, 2025 to June 13, 2025

    Source: GlobeNewswire (MIL-OSI)

           

    BNP Paribas share buyback programme

    Declaration of transactions in own shares
    from June 9, 2025 to June 13, 2025

    PRESS RELEASE

    Paris, 16 June 2025

    In accordance with Article 5 of Regulation (EU) No 596/2014 on Market Abuse and Article 3 (3) of Delegated Regulation (EU) 2016/1052 supplementing Regulation (EU) No 596/2014 through regulatory technical standards concerning the conditions applicable to buyback programs and stabilization measures, BNP Paribas informs the market of the following transactions in own shares:

    Name of issuer Identification code of issuer (Legal Entity Identifier) Day of transaction Identification code of financial instrument Aggregated daily volume (in number of shares) Daily weighted average price of the purchased shares * Market (MIC Code)
    BNP PARIBAS R0MUWSFPU8MPRO8K5P83 09/06/2025 FR0000131104 24 078 78,2285 AQEU
    BNP PARIBAS R0MUWSFPU8MPRO8K5P83 09/06/2025 FR0000131104 136 184 78,2271 CEUX
    BNP PARIBAS R0MUWSFPU8MPRO8K5P83 09/06/2025 FR0000131104 17 561 78,2271 TQEX
    BNP PARIBAS R0MUWSFPU8MPRO8K5P83 09/06/2025 FR0000131104 375 091 78,2390 XPAR
    * Four-digit rounding after the decimal TOTAL 552 914 78,2352  

    The share buyback programme announced on 19 May 2025 was completed on 9 June 2025. 14,025,914 shares were repurchased at an average price of € 77.29 per share, for a total amount of EUR 1.084 billion.

    The shares bought back under this programme will be cancelled.

    The description of the share buyback programme is available on BNP Paribas’s website:

    https://invest.bnpparibas/en/search/reports/documents/regulated-information

    Attachment

    The MIL Network –

  • MIL-OSI: ASM share buyback update June 9 – 13, 2025

    Source: GlobeNewswire (MIL-OSI)

    Almere, The Netherlands
    June 16, 2025, 5:45 p.m. CET

    ASM International N.V. (Euronext Amsterdam: ASM) reports that no transactions were executed under ASM’s current share buyback program in the week June 9 – 13, 2025.

    For further details including individual transaction information please visit: www.asm.com/investors/dividends-share-buybacks.

    About ASM International

    ASM International N.V., headquartered in Almere, the Netherlands, and its subsidiaries design and manufacture equipment and process solutions to produce semiconductor devices for wafer processing, and have facilities in the United States, Europe, and Asia. ASM International’s common stock trades on the Euronext Amsterdam Stock Exchange (symbol: ASM). For more information, visit ASM’s website at www.asm.com.

    This press release contains inside information within the meaning of Article 7(1) of the EU Market Abuse Regulation.

    Contact

    Investor and media relations

    Victor Bareño
    T: +31 88 100 8500
    E: investor.relations@asm.com

    		 Investor relations

    Valentina Fantigrossi
    T: +31 88 100 8502
    E: investor.relations@asm.com

    The MIL Network –

  • MIL-OSI: LocatorX Wins “Asset Tracking Software of the Year” in 2025 SupplyTech Breakthrough Awards Program

    Source: GlobeNewswire (MIL-OSI)

    ORLANDO, Fla., June 16, 2025 (GLOBE NEWSWIRE) — LocatorX, a trusted provider of IoT-driven asset visibility solutions, today announced it has been selected as winner of the “Asset Tracking Software of the Year” award in the 4th annual SupplyTech Breakthrough Awards program.

    The LocatorX Visibility Suite offers secure supply chain visibility powered by TAA-Compliant IoT sensors (BLE, GPS, NFC, and LoRaWan), its patented LX Digital Fingerprint, and secure data intelligence platform. LocatorX logs and tracks each move, event, or other activity for each asset, generating an immutable ledger. This provides a comprehensive audit trail of key data points in the warehouse, yard, port, or in transit.

    The patented LX Digital Fingerprint is a unique intelligent product identifier that creates a digital thread from the birth of an asset through its lifecycle. LocatorX can also ingest data from existing identifiers including barcodes, UUIDs, serial numbers, and QR codes into the LX Digital Fingerprint, ensuring it is the single source of truth for the asset.

    All data collected is secured and accessible by only authorized parties. Automatic documentation of each asset’s journey enhances Chain of Custody (CoC) and enables advanced reporting to support audits and compliance mandates. Organizations can maintain a detailed record of truth for every asset, including parent/child relationships.

    “Thank you to SupplyTech Breakthrough for recognizing LocatorX with the ‘Asset Tracking Software of the Year’ award. We are excited that we have been honored for the second year in a row,” said Chester Kennedy, CEO of LocatorX. “By providing visibility from the manufacturer to the end user, our customers have peace of mind knowing not only where their assets are but where they have been, and who handled them. When we relocated our headquarters to NeoCity, we positioned ourselves at the heart of a technology innovation center. This recent award validates our commitment to pushing the boundaries of tracking technology. We are not just helping companies locate items, we are enabling them to develop and deliver products with complete confidence.”

    The Awards program is conducted by SupplyTech Breakthrough, a leading independent market intelligence organization. The mission of the annual SupplyTech Breakthrough Awards program is to conduct the industry’s most comprehensive analysis and evaluation of the top technology companies, solutions and products in the supply chain and logistics industry today. This year’s program attracted thousands of nominations from over 15 different countries throughout the world.

    “LocatorX helps organizations not only locate items but establish trust and ensure provenance over their assets. For decades, companies have been working on improving the security of components across supply chains. However, the majority of companies still struggle with tracking assets from the creation of an item through consumption,” said Bryan Vaughn, Managing Director of SupplyTech Breakthrough Awards. “LocatorX allows you to know exactly where your assets are in real-time, whether they are on the move or in the warehouse. With visibility of the asset and its history, companies can finally gain a 360-degree real-time line of sight at the individual item level for their critical supply chains.”

    About LocatorX
    LocatorX ensures real-time visibility of mission-critical assets and connected insights that drive efficient processes across the supply chain. The company’s patented LX Digital Fingerprint, secure TAA-compliant IoT sensors, and data intelligence platform redefines how aerospace, defense, and government sectors track and manage critical assets. To learn more about LocatorX, visit www.locatorx.com.

    About SupplyTech Breakthrough
    Part of the Tech Breakthrough organization, a leading global provider of market intelligence and recognition platforms for technology innovation and leadership, the SupplyTech Breakthrough Awards program is devoted to honoring innovation and market disruption in supply chain & logistics technologies, services, companies, and products around the world. The annual SupplyTech Breakthrough Awards provide public recognition for the achievements of SupplyTech companies and products in categories including Inventory Management, Supply Chain Visibility, Transportation Management, Material Handling, IoT and Robotics, and more. For more information visit SupplyTechBreakthrough.com

    Tech Breakthrough LLC does not endorse any vendor, product or service depicted in our recognition programs, and does not advise technology users to select only those vendors with award designations. Tech Breakthrough LLC recognition consists of the opinions of the Tech Breakthrough LLC organization and should not be construed as statements of fact. Tech Breakthrough LLC disclaims all warranties, expressed or implied, with respect to this recognition program, including any warranties of merchantability or fitness for a particular purpose.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/f26eae4e-5069-41cb-a467-5bbe5d523322

    The MIL Network –

  • MIL-OSI: 1 Hour Payday Loans with No Credit Check Announced as Key Feature in Viva Payday Loans Platform Expansion

    Source: GlobeNewswire (MIL-OSI)

    HOUSTON, June 16, 2025 (GLOBE NEWSWIRE) —  Viva Payday Loans has introduced a fast, stress free way for U.S. consumers to access 1 hour payday loans no credit check guaranteed approval even if they’ve been turned away by traditional banks before. With more Americans relying on emergency loans for day-to-day needs, Viva Payday Loans offers a free, secure, and 100% online alternative that requires no credit check or paperwork.

    Powered by a network of top-rated direct lenders and an intelligent matching platform, Viva helps users find 1 hour payday loans online no credit check guaranteed approval, often delivering funds in less than 60 minutes after approval. Whether you’re dealing with an urgent car repair, rent payment, or medical expense, It connects you to same day payday loans online that prioritize speed, convenience, and accessibility.

    Why Choose 1 Hour Payday Loans from Viva Payday Loans?

    When you’re facing an urgent financial emergency, Viva Payday Loans stands out as one of the fastest and most trusted options for getting 1 hour payday loans no credit check guaranteed approval. Whether you’re a gig worker, freelancer, unemployed, or simply struggling with bad credit, Viva Payday Loans ensures quick access to cash, without the delays of traditional banks.

    With a focus on convenience, privacy, and instant decisions, Viva Payday Loans connects you directly with licensed lenders who specialize in payday loans online, even for those who’ve been denied elsewhere. 1 Hour Payday Loans No Credit Check is perfect for those needing quick funds with poor or no credit history. These loans skip the FICO check and focus on your monthly income instead—making approval faster and more accessible.

    The updated Viva Payday Loans platform enables users to submit a secure online request form, which is then shared with a network of third-party lenders. This digital process is designed to help individuals explore options such as 1 hour payday loans, without requiring a traditional credit check. By focusing on income and state eligibility criteria, the platform aims to provide broader access to short-term financial solutions.

    Available across multiple U.S. states, the platform operates entirely online and is accessible 24/7. Users can request same-day payday loans or 1 hour payday loans depending on lender availability and qualifying factors. The process eliminates paperwork and allows borrowers to receive quick responses, especially during financial emergencies where timing is critical.

    All loan terms and decisions are determined independently by licensed lenders. Viva Payday Loans does not issue loans or influence approval outcomes. Applicants are free to accept or decline any offer received. The service emphasizes transparency, optionality, and adherence to federal and state lending regulations while supporting access to emergency loans online with no credit check.

    Contact:
    Mukesh Bhardwaj
    Email: mukesh@paydayventures.com

    Disclaimer: Loan approval depends on lender criteria and income verification. Viva Payday Loans is not a direct lender. All services are free to use and open to U.S. residents only.

    The MIL Network –

  • MIL-OSI: Siili Solutions Plc: Share Repurchase 16.6.2025

    Source: GlobeNewswire (MIL-OSI)

    Siili Solutions Plc       Announcement  16.6.2025
         
         
    Siili Solutions Plc: Share Repurchase 16.6.2025  
         
    In the Helsinki Stock Exchange    
         
    Trade date           16.6.2025  
    Bourse trade         Buy  
    Share                  SIILI  
    Amount             1 100 Shares
    Average price/ share    6,2582 EUR
    Total cost            6 884,02 EUR
         
         
    Siili Solutions Plc now holds a total of 12 498 shares
    including the shares repurchased on 16.6.2025  
         
    The share buybacks are executed in compliance with Regulation 
    No. 596/2014 of the European Parliament and Council (MAR) Article 5
    and the Commission Delegated Regulation (EU) 2016/1052.
         
    On behalf of Siili Solutions Plc    
         
    Nordea Bank Oyj    
         
    Sami Huttunen Ilari Isomäki  
         
    Further information:    
    CFO Aleksi Kankainen    
    Email: aleksi.kankainen@siili.com    
    Tel. +358 50 584 2029    
         
    www.siili.com    
         
         
         
         

    Attachment

    The MIL Network –

  • MIL-OSI: Siili Solutions Plc: Share Repurchase 16.6.2025

    Source: GlobeNewswire (MIL-OSI)

    Siili Solutions Plc       Announcement  16.6.2025
         
         
    Siili Solutions Plc: Share Repurchase 16.6.2025  
         
    In the Helsinki Stock Exchange    
         
    Trade date           16.6.2025  
    Bourse trade         Buy  
    Share                  SIILI  
    Amount             1 100 Shares
    Average price/ share    6,2582 EUR
    Total cost            6 884,02 EUR
         
         
    Siili Solutions Plc now holds a total of 12 498 shares
    including the shares repurchased on 16.6.2025  
         
    The share buybacks are executed in compliance with Regulation 
    No. 596/2014 of the European Parliament and Council (MAR) Article 5
    and the Commission Delegated Regulation (EU) 2016/1052.
         
    On behalf of Siili Solutions Plc    
         
    Nordea Bank Oyj    
         
    Sami Huttunen Ilari Isomäki  
         
    Further information:    
    CFO Aleksi Kankainen    
    Email: aleksi.kankainen@siili.com    
    Tel. +358 50 584 2029    
         
    www.siili.com    
         
         
         
         

    Attachment

    The MIL Network –

  • MIL-OSI: Purpose XRP ETF Receives OSC Receipt, Set to Launch on TSX on Wednesday, June 18, 2025

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, June 16, 2025 (GLOBE NEWSWIRE) — Purpose Investments Inc. (“Purpose”) is pleased to announce that it has received a final prospectus receipt for the Purpose XRP ETF, marking a significant milestone in the evolution of digital asset investing in Canada. The ETF is expected to begin trading on the Toronto Stock Exchange under the ticker XRPP on Wednesday, June 18.

    The Purpose XRP ETF will offer investors direct exposure to spot XRP, the native token of the XRP Ledger – a decentralized, open-source blockchain designed to facilitate fast and cost-effective cross-border payments. With this approval, Purpose continues to broaden access to digital assets through regulated and transparent investment vehicles.

    “The OSC’s granting of a receipt for the Purpose XRP ETF prospectus reinforces Canada’s global leadership in building a regulated digital asset ecosystem,” said Vlad Tasevski, Chief Innovation Officer at Purpose Investments. “We’re proud to continue pushing the boundaries of what’s possible in the space by offering investors simple, secure access to the infrastructure powering real-world blockchain adoption.”

    The ETF will be available in CAD-hedged (ticker XRPP), CAD non-hedged (ticker XRPP.B), and US dollar (ticker XRPP.U) units, and will be eligible for holding in registered accounts such as TFSAs and RRSPs.

    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

    This offering is made only by prospectus. The prospectus contains important detailed information about the securities being offered. Copies of the prospectus may be obtained from purposeinvest.com. Investors should read the prospectus before making an investment decision.

    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. 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: Apollo Capital Wins Proxy Contest at MediPharm Labs

    Source: GlobeNewswire (MIL-OSI)

    MediPharm Labs’ Board’s Material and Unprecedented Breaches of Securities Laws Are Part of Their Undoing

    Apollo Capital’s Entire Slate of Board Nominees Constitute the New Board of Directors for MediPharm Labs Effective Today

    TORONTO, June 16, 2025 (GLOBE NEWSWIRE) — Apollo Technology Capital Corporation (“Apollo Capital” or “Apollo”), which together with its affiliates and associates collectively is one of the largest shareholders of MediPharm Labs Corp. (TSX: LABS) (OTCQB: MEDIF) (FSE: MLZ) (“MediPharm”, “MediPharm Labs”, or the “Company”), owning approximately 3% of the Company’s common stock, announced today that it considers the results of MediPharm Labs’ 2025 Annual and Special Meeting of shareholders (“Annual Meeting”) a clear victory for Apollo, as all of MediPharm’s proxies – solicited using the green proxy form – are illegal and invalid under securities law and cannot be counted.

    Apollo Capital has been advised by its legal counsel that MediPharm’s solicitation of proxies in connection with the Annual Meeting is illegal due to material non-compliance with the notice-and-access laws under Section 2.7.1(2) of National Instrument 54-101 – Communication with Beneficial Owners of Securities of a Reporting Issuer (“NI 54-101”), since MediPharm illegally included additional materials in its proxy mailing that are expressly prohibited under Section 2.7.1(1)(a) of NI 54-101.

    These legal failures, which MediPharm has itself acknowledged, are not curable under the law, and demonstrate yet again MediPharm’s complete disregard for its shareholders and the law, in favor of the incumbent board’s personal interests. Given that MediPharm did not restart the election process and re-mail compliant materials to all shareholders at least 21 days in advance of the Annual Meeting, as clearly required under securities law, all proxies submitted on the green proxy card or voting instruction form were illegally solicited and must lawfully be declared invalid and discarded by Meeting Chair Chris Halyk. Apollo Capital’s GOLD proxies are therefore the only valid proxies on record.

    Meeting Chair Mr. Halyk testified under oath that he would not favor MediPharm over the dissident shareholders in his role and affirmed that he owes a fiduciary duty to all shareholders. As Chair, Mr. Halyk does not have the authority to waive illegal activity. If Mr. Halyk does not want to further implicate himself in this tainted and illegal process, the only course of action for him is to officially declare that any votes solicited using MediPharm’s green proxy form or voting instruction form are illegal under securities law and cannot be counted.

    MediPharm committed to obeying the law at the June 16, 2025 Annual Meeting when appearing before the Honorable Madame Justice Dietrich on June 10, 2025. Apollo is fully expecting MediPharm to comply with the commitment that it made to Justice Dietrich and vacate the board in favor of the Apollo nominees today, as is required by law.

    “This is not a legal technicality. This is an unprecedented breach of securities laws governing proxy solicitation meant to ensure each shareholder is fairly and consistently informed. We have never before seen such an egregious breach of these laws. This alone underscores the urgent need for new leadership at MediPharm. MediPharm’s board of directors (the “Board”) continues to act in unlawful and nefarious ways to further entrench and enrich themselves at shareholders’ expense,” said Regan McGee of Apollo Capital.

    With management’s green proxy cards and voting instruction forms invalid as a result of MediPharm’s illegal solicitation of proxies, the outcome of the election is unequivocal: Apollo Capital’s GOLD card has won. Apollo Capital has adhered fully to the rules governing proxy solicitation, conducted a fair and lawful election process, and – given that its GOLD proxy cards are the only valid proxies under applicable securities laws – Apollo Capital has secured victory in its campaign to restore value, integrity, legal compliance and leadership at MediPharm Labs.

    +++

    “MediPharm’s current leadership has presided over massive value destruction, poor governance, repeated strategic missteps and credible securities fraud allegations. Now, the same leadership stands behind a corrupt, tainted and illegal proxy process and tactics aimed at silencing shareholders and further entrenching themselves. Shareholder rights and the integrity of the vote have not been protected. MediPharm’s shareholders deserve better,” said Regan McGee of Apollo Capital.

    “During this proxy contest, MediPharm’s management and Board have repeatedly undermined a fair process through unlawful procedural violations, obstructionist tactics, and a disregard for basic principles of corporate governance. The premise for their entire campaign was to spread disinformation to their own shareholders. This is not the behavior of a Board acting in good faith or in the best interests of shareholders – it’s the behavior of entrenched directors desperate to cling to power at any cost. This is why the Board went to such great lengths to block the appointment of an independent chair. While we respectfully don’t agree with the decision to allow Mr. Halyk to act as the Meeting Chair, we will see if he rightfully declares the GOLD proxy cards the only valid ones.

    The law is crystal clear: if you break the notice-and-access laws, the proxies you solicit are illegal and invalid.

    Now that Apollo’s nominees have won the proxy contest and constitute the lawful board of directors of MediPharm Labs, we look forward to working with all shareholders to turn the Company around, work to get the share price back to over $1 per share and build MediPharm into the world’s leading medical cannabis company,” said Regan McGee of Apollo Capital.

    Contacts

    For Shareholders:
    Carson Proxy
    North American Toll-Free Phone: 1-800-530-5189
    Local or Text Message: 416-751-2066 (collect calls accepted)
    E: info@carsonproxy.com

    For Media:
    media@curemedipharm.com

    This solicitation is being made by and on behalf of Apollo Capital, who, as of the date of this Circular, beneficially owns or controls, directly and indirectly through its wholly-owned subsidiary, Nobul Technologies Inc., 12,491,500 common shares of the Company (“Common Shares”), representing approximately 3% of the total Common Shares issued and outstanding, and not by the management of the Company.

    Legal Disclosures

    Information in Support of Public Broadcast Exemption under Canadian Law

    In connection with the Annual Meeting of shareholders of MediPharm, Apollo Capital has filed an amended and restated dissident information circular dated May 15, 2025 (the “Circular”), as amended and supplemented by an addendum to the Circular subsequently filed by Apollo Capital and Patrick McCutcheon (together, the “Concerned Stakeholder”) dated June 4, 2025 (the “Addendum” and together with the Circular, the “Amended Circular”), each in compliance with applicable corporate and securities laws. The Concerned Stakeholder has provided in, or incorporated by reference into, this press release the disclosure required under section 9.2(4) of NI 51-102 – Continuous Disclosure Obligations (“NI 51-102”) and the corresponding exemption under the Business Corporations Act (Ontario), and has filed the Amended Circular, available under MediPharm’s profile on SEDAR+ at www.sedarplus.ca. The Amended Circular contains disclosure prescribed by applicable corporate law and disclosure required under section 9.2(6) of NI 51-102 in respect of the Concerned Stakeholder’s director nominees, in accordance with corporate and securities laws applicable to public broadcast solicitations. The Amended Circular is hereby incorporated by reference into this press release and is available under MediPharm’s profile on SEDAR+ at www.sedarplus.ca. The registered office of the Company is 151 John Street, Barrie, Ontario, Canada L4N 2L1.

    SHAREHOLDERS OF MEDIPHARM ARE URGED TO READ THE AMENDED CIRCULAR CAREFULLY BECAUSE IT CONTAINS IMPORTANT INFORMATION. Investors and shareholders are able to obtain free copies of the Amended Circular and any amendments or supplements thereto and further proxy circulars at no charge under MediPharm’s profile on SEDAR+ at www.sedarplus.ca. In addition, shareholders are also able to obtain free copies of the Amended Circular and other relevant documents by contacting the Concerned Stakeholder’s proxy solicitor, Carson Proxy Advisors Ltd. (“Carson Proxy”) at 1-800-530-5189, local (collect outside North America): 416-751-2066 or by email at info@carsonproxy.com. Finally, the Amended Circular is available on this website https://www.curemedipharm.com/historical-filing/investor-flyer.

    Proxies may be revoked in accordance with subsection 110(4) of the Business Corporations Act (Ontario) by a registered shareholder of Company shares: (a) by completing and signing a valid proxy bearing a later date and returning it in accordance with the instructions contained in the accompanying form of proxy; (b) by depositing an instrument in writing executed by the shareholder or by the shareholder’s attorney authorized in writing; (c) by transmitting by telephonic or electronic means a revocation that is signed by electronic signature in accordance with applicable law, as the case may be: (i) at the registered office of the Company at any time up to and including the last business day preceding the day the Annual Meeting or any adjournment or postponement of the Annual Meeting is to be held, or (ii) with the chair of the Annual Meeting on the day of the Annual Meeting or any adjournment or postponement of the Annual Meeting; or (d) in any other manner permitted by law. In addition, proxies may be revoked by a non-registered holder of Company shares at any time by written notice to the intermediary in accordance with the instructions given to the non-registered holder by its intermediary. It should be noted that revocation of proxies or voting instructions by a non-registered holder can take several days or even longer to complete and, accordingly, any such revocation should be completed well in advance of the deadline prescribed in the form of proxy or voting instruction form to ensure it is given effect in respect of the Annual Meeting.

    The costs incurred in the preparation and mailing of any circular or proxy solicitation by the Concerned Stakeholder and any other participants named herein will be borne directly and indirectly by Apollo Capital. However, to the extent permitted under applicable law, Apollo Capital intends to seek reimbursement from the Company of all expenses incurred in connection with the solicitation of proxies for the election of its director nominees at the Annual Meeting.

    This press release and any solicitation made by the Concerned Stakeholder is, or will be, as applicable, made by such parties, and not by or on behalf of the management of the Company. Proxies may be solicited by proxy circular, mail, telephone, email or other electronic means, as well as by newspaper or other media advertising and in person by managers, directors, officers and employees of the Concerned Stakeholder who will not be specifically remunerated therefor. In addition, the Concerned Stakeholder may solicit proxies by way of public broadcast, including press release, speech or publication and any other manner permitted under applicable Canadian laws, and may engage the services of one or more agents and authorize other persons to assist it in soliciting proxies on their behalf.

    Apollo Capital has entered into an agreement with Carson Proxy for solicitation and advisory services in connection with the solicitation of proxies by the Concerned Stakeholder for the Annual Meeting, for which Carson Proxy will receive a fee from Apollo Capital not to exceed $250,000, together with reimbursement for reasonable and out-of-pocket expenses. Apollo Capital has also engaged Gasthalter & Co. LP (“G&Co”) to act as communications consultant to provide the Concerned Stakeholder with certain communications, public relations and related services, for which G&Co will receive, from Apollo Capital, a minimum fee of US$75,000 in addition to a performance fee of US$250,000 in the event that the Concerned Stakeholder’s nominees make up a majority of the Board following the Annual Meeting, plus excess fees, related costs and expenses.

    No member of the Concerned Stakeholder nor any of their respective associates or affiliates has or has had any material interest, direct or indirect, in any transaction since the beginning of the Company’s last completed financial year or in any proposed transaction that has materially affected or will or would materially affect the Company or any of the Company’s affiliates. No member of the Concerned Stakeholder nor any of their respective associates or affiliates has any material interest, direct or indirect, by way of beneficial ownership of securities or otherwise, in any matter to be acted upon at the Annual Meeting, other than setting the number of directors and the election of directors to the Board.

    Cautionary Statement Regarding Forward-Looking Statements

    This press release contains forward‐looking statements. All statements contained in this filing that are not clearly historical in nature or that necessarily depend on future events are forward‐looking, and the words “anticipate,” “believe,” “expect,” “estimate,” “plan,” and similar expressions are generally intended to identify forward‐looking statements. These statements are based on current expectations of the Concerned Stakeholder and currently available information. They are not guarantees of future performance, involve certain risks and uncertainties that are difficult to predict, and are based upon assumptions as to future events that may not prove to be accurate. All forward-looking statements contained herein are made only as of the date hereof and the Concerned Stakeholder disclaims any intention or obligation to update or revise any such forward-looking statements to reflect events or circumstances that subsequently occur, or of which the Concerned Stakeholder hereafter becomes aware, except as required by applicable law.

    Hashtags: #ShareholderActivism #CorporateGovernance #InvestorProtection #Investor Alert #Investor Fraud #FinancialRegulation #CorporateCrime #FinancialCrime #HomelandSecurity #DHS #OpioidCrisis #OpioidEpidemic #OpioidLitigation #OpioidVictims #BMO #DEA #ONDCP

    The MIL Network –

  • MIL-OSI: Electrify Expo’s Return to Southern California Marks Milestone Growth for the Nation’s Largest EV Festival

    Source: GlobeNewswire (MIL-OSI)

    • Electrify Expo brings in its largest exhibitor participation ever to a new venue at the Port of LA
    • Kia, Volvo and Lexus will debut their most anticipated new vehicles alongside current models
    • Tesla will offer the exclusive opportunity for self driving demos at the LA festival
    • Notable new exhibitors include Karma Automotive, Drako Motors, Verge Motorcycles, ChargePoint and more
    • The first eVOTL personal aircraft, Pivotal Helix, will join the lineup in LA
    • Two ticket options available, with general admission starting at $20
    • Festival runs June 21-22 from 9 a.m. to 5 p.m.; tickets available online and in person

    LOS ANGELES, June 16, 2025 (GLOBE NEWSWIRE) — Electrify Expo, North America’s largest electric vehicle (EV) and technology festival, is returning to Southern California with its largest lineup of exhibitors ever. The festival will take over the Port of LA for the first time, bringing over 1 million square feet of electric demos, experiences, entertainment zones and never-before-seen electric vehicles. Electrify Expo welcomes new exhibitors to join the EV festival including ChargePoint, Verge Motorcycles, Karma Automotive, Drako Motors and many others.

    California continues to lead the nation in EV adoption, standing out as a hub for innovation and consumer demand. As more drivers explore what going electric means, they’re looking for flexible options that fit their lifestyle, whether that’s fully electric vehicles, hybrids or e-bikes. According to the California New Car Dealers Association’s auto outlook released in April 2025, hybrids now hold 17.9% of the automotive market share in the state. At Electrify Expo attendees will experience the full spectrum of electric offerings, making it the ideal place for first-time shoppers, long-time enthusiasts and even skeptics.

    “California has long led the way in EV adoption, but we’re now seeing a fresh wave of interest from consumers who have been watching from the sidelines—many of whom are now waking up to the practicality of EVs,” said BJ Birtwell, CEO and Founder of Electrify Expo. “Today’s EVs are more affordable, go farther than ever and charge faster than people think. They are the clear practical choice in California where EV infrastructure is abundant and gas prices are surging. We’re ready to bring the festival back to LA with more brands, more options and more excitement than ever.”

    New Attractions for Los Angeles:

    • For the first time ever, Electrify Expo will have the Pivotal Helix, an eVTOL personal aircraft, on display for attendees to experience the future of transportation with SoFly.
    • The all-new, fully electric Volvo EX30 Cross Country is making its North American debut in Los Angeles, showcasing how big experiences can come in a small SUV. Joining it is the refreshed Volvo XC60 Plug-In Hybrid, on public display for one of the first times, highlighting one of the Swedish automaker’s best-selling SUVs designed to suit every kind of driver.
    • Be among the first to experience the all-new 2026 Lexus ES 500e, making its public debut at Electrify Expo LA. Joining the spotlight is the enhanced 2026 Lexus RZ 350e—part of a new, extended lineup engineered for more power, greater efficiency, and an even more dynamic drive.
    • As seen at auto shows, Kia is bringing its all-new EV9 ADVNTR CONCEPT, an all-electric SUV built for extreme yet sustainable off-road adventure based on the successful 3-row EV9.
    • Join Ford for hot laps in the Mustang Mach-E GT with professional drivers at the Ford Thrill Zone and take the wheel yourself with test drives of the Mustang Mach-E and F-150 Lightning, as well as have the chance to see a one-of-a-kind adventure-focused Mustang Mach-E Rally built by off-road racer Jim Beaver.
    • General Motors brands including Cadillac, Chevrolet and GMC will be bringing every electric offering, marking their first Electrify Expo California stop.
    • Verge Motorcycles joins the Electrify Expo roster and will have its California Edition, homage to the Californian way of life, available for demos and on display.
    • Former professional NBA basketball player turned Los Angeles Clippers TV analyst, Corey Maggette will have a meet and greet on Saturday, June 21 from 1 p.m. to 2 p.m. at the Kia booth.
    • The Electric Freestyle Motocross Stunt Zone will feature X Games Gold Medalist Destin Cantrell and his freestyle MX team, who will jump and soar with electric dirt bikes in thrilling live performances at select times over the weekend.
    • Electrify Race League will host its championship event with the top athletes in e-mobility from across the nation for a thrilling series of competitions.

    Attendees will take the driver’s seat in the newest electric vehicles from top automakers, including:

    • Ford
    • Lexus
    • Lucid
    • Tesla
    • Toyota
    • Volvo
    • Cadillac
    • Chevrolet
    • GMC
    • Kia
    • Rivian
    • Drako Motors
    • Karma Automotive

    Top micromobility brands invite attendees to cruise around with the hottest e-bikes, e-scooters, e-motorcycles and other electric rideables on the market, including:

    • Verge Motorcycles
    • P-51 Bikes
    • ONYX Motors
    • Can-Am
    • GoTrax
    • SUPER73
    • Jack Rabbit
    • Monday Motorbikes
    • E-Z-GO
    • … and many more!

    Electrify Expo’s gates will open at 9 a.m. on Saturday, June 21 and Sunday, June 22, with the full day of festivities concluding at 5 p.m. Tickets are available for purchase in person and online.

    For the 2025 LA festival, Electrify Expo will offer two ticket options to suit every attendee’s needs:

    • General Admission Pass ($20): All day access to the festival and demo experiences.
    • Power Pack ($55): The best of both worlds, early entry plus priority access for the ultimate experience.

    Media interested in attending may request credentials by emailing ee@skyya.com. Companies interested in exhibiting at the 2025 Electrify Expo locations can visit https://www.electrifyexpo.com/partner-registration.

    About Electrify Expo
    Electrify Expo is North America’s largest electric vehicle (EV) and technology festival, where consumers come to shop and experience all things electric. The festival showcases the industry’s leading brands and exciting startups through hands-on activations, demos and experiences spanning EVs, micromobility, solar energy, charging solutions, powersports, automotive aftermarket, and connected home technology, providing attendees with immersive learning opportunities and memorable interactions. From high-powered demo courses to engaging education zones, Electrify Expo offers a unique festival vibe for consumers to reshape what they think they know about EVs. In 2025, Electrify Expo’s nationwide tour will visit Orlando, Phoenix, Dallas, Los Angeles, Seattle, San Francisco, Chicago and New York. To stay up to date on the latest news and announcements from Electrify Expo, visit www.electrifyexpo.com and follow on Facebook, Instagram and YouTube.

    Media Contact
    Skyya PR
    ee@skyya.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/f5a53518-ac20-448d-a31c-2efea06a9446

    The MIL Network –

  • MIL-OSI: LambdaTest Launches Accessibility MCP Server to Enhance Web Accessibility Testing

    Source: GlobeNewswire (MIL-OSI)

    San Francisco, CA, June 16, 2025 (GLOBE NEWSWIRE) — LambdaTest, a unified agentic AI and cloud engineering platform, has unveiled its Accessibility MCP Server, a powerful new solution designed to streamline accessibility testing for modern web applications. This server empowers developers to identify, understand, and resolve accessibility issues in both publicly hosted websites and front-end React applications still in development.

    By leveraging the Model Context Protocol (MCP), the server simplifies the integration of AI assistance, enabling efficient interaction with accessibility tools. Users receive detailed, actionable insights that not only highlight accessibility barriers but also guide teams through effective remediation.

    The Accessibility MCP Server currently offers three core tools: an Accessibility Report that instantly generates a comprehensive accessibility report for public URLs, A local build app tool allowing developers to build and serve their local React app to identify accessibility issues during development and Analyze App that helps in local app tests analysis, which are already running in LambdaTest via LambdaTest tunnel for accessibility failures.

    LambdaTest’s Accessibility MCP Server generates comprehensive reports that can be shared across teams, supporting collaborative issue resolution. Developers using AI assistants such as Cline can connect to the server with minimal setup. Once connected, Cline can automatically analyze websites or local apps, deliver accessibility reports, and even suggest or implement fixes directly within the codebase.

    For local development, developers can serve their application through a LambdaTest Tunnel and instruct Cline to analyze the app. The tool identifies accessibility violations, provides automated suggestions for remediation, and delivers a detailed report. This workflow enables developers to address compliance directly within their development environment.

    “At LambdaTest, our mission is to empower developers with tools that make building inclusive digital experiences both simple and scalable,” said Jay Singh, Co-Founder and Head of Product at LambdaTest. “The Accessibility MCP Server is a major step forward in that vision—bridging the gap between accessibility compliance and everyday development workflows through the power of AI and seamless automation.”

    To learn more about Accessibility MCP Server, please visit https://www.lambdatest.com/support/docs/accessibility-mcp-server/

    About LambdaTest

    LambdaTest is an AI-native, omnichannel software quality platform that empowers businesses to accelerate time to market through intelligent, cloud-based test authoring, orchestration, and execution. With over 15,000 customers and 2.3 million+ users across 130+ countries, LambdaTest is the trusted choice for modern software testing.

    • Browser & App Testing Cloud: Enables manual and automated testing of web and mobile apps across 10,000+ browsers, real devices, and OS environments, ensuring cross-platform consistency.
    • HyperExecute: An AI-native test execution and orchestration cloud that runs tests up to 70% faster than traditional grids, offering smart test distribution, automatic retries, real-time logs, and seamless CI/CD integration.
    • KaneAI: The world’s first GenAI-native testing agent, leveraging LLMs for effortless test creation, intelligent automation, and self-evolving test execution. It integrates directly with Jira, Slack, GitHub, and other DevOps tools.

    For more information, please visit https://lambdatest.com

    The MIL Network –

  • MIL-OSI: Kaltura and APTN Bring Indigenous Voices to Screens Across Canada with Streaming Service APTN lumi

    Source: GlobeNewswire (MIL-OSI)

    New York, June 16, 2025 (GLOBE NEWSWIRE) —

    Kaltura (Nasdaq: KLTR), the AI Video Cloud, today announced that it has partnered with Canadian television network APTN (Aboriginal Peoples Television Network) to power APTN lumi, a streaming service that delivers content to Indigenous communities across Canada and the globe. 

    APTN is dedicated to sharing Indigenous perspectives, stories, and cultures through original news, documentaries, dramas, and educational content created by and for First Nations, Inuit, and Métis communities. With the launch of APTN lumi, the network aims to expand its digital footprint and promote understanding, foster dialogue, and amplify Indigenous voices across Canada. 

    Leveraging Kaltura’s end-to-end OTT video platform, APTN lumi offers the largest curated collection of Indigenous stories and Indigenous-language content in one destination. The service is available across web and mobile, making it easy for viewers to discover and engage with Indigenous voices wherever they are. 

    APTN selected Kaltura for its deep expertise in powering OTT platforms for public broadcasters and mission-driven media organizations. Kaltura’s solution includes a robust content management system, multi-platform distribution, monetization capabilities, AI-driven personalization, and fully branded white-label applications for mobile, tablet, web, and Smart TVs. The launch of the new APTN lumi platform includes full integration with APTN’s CMS, VOD support in multiple Indigenous languages, and infrastructure for subscription purchases. 

    “For over 25 years, APTN’s mission has been to share Indigenous perspectives, stories and cultures through content created by and for First Nations, Inuit, and Métis communities,” said John Bauer, Director of Digital Media and IT at APTN. “We’re thrilled to partner with Kaltura to expand our reach and bring these voices to a broader audience.” 

    “It’s incredibly fulfilling to work with visionary partners like APTN and help bring their mission to life through our technology,” said Natan Israeli, Chief Customer Officer at Kaltura. “We’re proud to support the distribution of Indigenous stories and Indigenous-language content, making them accessible to viewers across Canada.” 

      

    About Kaltura 

    Kaltura’s mission is to create and power AI-infused hyper-personalized video experiences that boost customer and employee engagement and success. Kaltura’s Video Experience Cloud includes a platform for enterprise and TV content management and a wide array of Gen AI-infused video-first products, including Video Portals, LMS and CMS Video Extensions, Virtual Events and Webinars, Virtual Classrooms, and TV Streaming Applications. Kaltura engages millions of end-users at home, at work, and at school, boosting both customer and employee experiences, including marketing, sales, and customer success; teaching, learning, training and certification; communication and collaboration; and entertainment and monetization. For more information, visit  www.corp.kaltura.com 
     

    About APTN 
    APTN launched in 1999 as the first national Indigenous broadcaster in the world. Since then, the network has become a global leader in programming that celebrates the rich diversity of Indigenous Peoples at home and abroad. A respected charitable broadcaster, APTN shares authentic stories to Canadian households through basic channel packages via two distinct HD channels: APTN (English and French language programming) and APTN Languages (Indigenous language programming). APTN proudly features over 80% Canadian content and inspires audiences via multiple platforms, including its Indigenous-focused streaming service, APTN lumi. 

    The MIL Network –

  • MIL-OSI: AIXA Miner Launches AI-Powered Cloud Mining Platform with FinCEN MSB Certification

    Source: GlobeNewswire (MIL-OSI)

    AIXA Miner Image

    NEW YORK, June 16, 2025 (GLOBE NEWSWIRE) — AIXA MINER CLOUD MINING INVESTMENT LTD (“AIXA Miner”), a U.S.-based cloud mining platform, has launched its latest phase of operations featuring artificial intelligence–driven services for Bitcoin (BTC), Litecoin (LTC), and Dogecoin (DOGE). The company is officially registered as a Money Services Business (MSB) with the U.S. Financial Crimes Enforcement Network (FinCEN), reinforcing its position as a compliant mining operation under U.S. financial regulations.

    Founded in 2020, AIXA Miner operates over 100 data centers across North America, Europe, and Asia. All sites are powered by renewable energy sources, including monocrystalline solar panels and wind systems. The platform integrates AI cloud mining algorithms with cutting-edge GPU and ASIC technology to provide secure, automated mining services without requiring users to purchase or manage hardware.

    Mining begins in three steps: users create an account, select a contract plan, and automatically receive mining returns daily. Plan options include:

    • DOGE Beginner Plan
    • LTC Free Trial
    • BTC Plan
    • June Promotion

    AIXA Miner’s infrastructure leverages high-performance GPUs from NVIDIA and AMD for optimized energy efficiency. All operations run on a global network of 24/7 monitored data centers and adhere to environmentally responsible practices.

    Technological Advantages and Global Operations

    • Cutting-Edge GPU Technology: Incorporates the latest NVIDIA and AMD GPUs for optimized performance with reduced energy consumption.
    • Global Data Center Network: Distributed across three continents to enable uninterrupted 24/7 mining operations.
    • Clean Energy Solutions: Mining infrastructure is fully powered by renewable energy sources to support carbon-conscious computing.
    • AI Cloud Mining: Machine learning algorithms are utilized to enhance efficiency and resource management across all mining tasks.

    Security and transparency are prioritized through the use of cold wallet storage and third-party protections including McAfee® SECURE and Cloudflare® SECURE. The mining team comprises experienced IT engineers and blockchain professionals.

    With its regulatory certification, clean energy model, and automated infrastructure, AIXA Miner aims to deliver accessible and compliant cloud mining services to a global user base.

    Media Contact:
    like.Mikkelsen
    AIXA Miner Cloud Mining Investment Ltd
    like.Mikkelsen@aixaminer.com
    https://aixaminer.com/

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/590ac217-47b8-422c-92b4-7d606015aa01

    The MIL Network –

  • MIL-OSI: Baltic Horizon Fund publishes its NAV for May 2025

    Source: GlobeNewswire (MIL-OSI)

    The net asset value (NAV) per unit of the Baltic Horizon Fund (the Fund) increased to EUR 0.6757 at the end of May 2025 (0.6740 as of 30 April 2025). The month-end total net asset value of the Fund was EUR 97.0 million (EUR 96.8 million as of 30 April 2025). The EPRA NRV as of 31 May 2025 stood at EUR 0.7216 per unit.

    In May 2025, the consolidated net rental income of the Fund was EUR 1.0 million (EUR 1.0 million in April 2025).

    At the end of May 2025, the Fund’s consolidated cash and cash equivalents amounted to EUR 7.2 million (30 April 2025: EUR 8.2 million). As of 31 May 2025, the total consolidated assets of the Fund were EUR 238.6 million (30 April 2025: EUR 239.0 million).

    For additional information, please contact:

    Tarmo Karotam
    Baltic Horizon Fund manager
    E-mail tarmo.karotam@nh-cap.com
    www.baltichorizon.com

    The Fund is a registered contractual public closed-end real estate fund that is managed by Alternative Investment Fund Manager license holder Northern Horizon Capital AS. 

    Distribution: GlobeNewswire, Nasdaq Tallinn, Nasdaq Stockholm, www.baltichorizon.com

    To receive Nasdaq announcements and news from Baltic Horizon Fund about its projects, plans and more, register on www.baltichorizon.com. You can also follow Baltic Horizon Fund on www.baltichorizon.com and on LinkedIn, Facebook, X and YouTube.

    The MIL Network –