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Category: GlobeNewswire

  • MIL-OSI: Medallion Bank Announces Closing of Series G Preferred Stock Offering

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, May 22, 2025 (GLOBE NEWSWIRE) — Medallion Bank (Nasdaq: MBNKP, MBNKO), an FDIC-insured bank providing consumer loans for the purchase of recreational vehicles, boats, and home improvements, along with loan origination services to fintech strategic partners, announced today that it has closed a public offering of 3,100,000 shares of its Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series G, par value $1.00 per share, with a liquidation amount of $25 per share (the “Series G Preferred Stock”) and an aggregate liquidation amount of $77.5 million, which includes a partial exercise of the underwriters’ option to purchase an additional 100,000 shares of the Series G Preferred Stock. The offering priced on May 15, 2025.

    Medallion Bank’s Series G Preferred Stock commenced trading on the Nasdaq Capital Market under the ticker symbol “MBNKO” on May 22, 2025. Medallion Bank remains a wholly owned subsidiary of Medallion Financial after the completion of the offering.

    Medallion Bank intends to use the net proceeds from this offering for general corporate purposes, which may include, among other things, increasing Medallion Bank’s capital levels,
    growing its consumer loan portfolios or redeeming some or all of its outstanding Series F Non-Cumulative Perpetual Preferred Stock (the “Series F Preferred Stock”), subject to the prior approval of the Federal Deposit Insurance Corporation.

    Piper Sandler & Co. and Lucid Capital Markets, LLC acted as joint book-running managers. A.G.P./Alliance Global Partners, B. Riley Securities, Inc., InspereX LLC, Ladenburg Thalmann & Co. Inc., Muriel Siebert & Co., LLC, Wedbush Securities Inc., and William Blair & Company, L.L.C. acted as lead managers.

    The offering of the Medallion Bank’s Series G Preferred Stock was exempt from the registration requirements of the Securities Act of 1933 pursuant to Section 3(a)(2) of that Act and was made only by means of an offering circular. This press release is for informational purposes only and does not constitute an offer to sell or the solicitation of an offer to buy securities, and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of that jurisdiction. The securities are neither insured nor approved by the Federal Deposit Insurance Corporation or any other Federal or state regulatory body.

    The final offering circular relating to the offering is available at medallionbankoffering.com. In addition, copies of the final offering circular may also be obtained from: Piper Sandler & Co.; Attn: Debt Capital Markets, 1 Greenwich Plaza, 1st Floor, Suite 111, Greenwich, CT 06830, or by email at fsg-dcm@psc.com.

    About Medallion Bank

    Medallion Bank specializes in providing consumer loans for the purchase of recreational vehicles, boats, and home improvements, along with loan origination services to fintech strategic partners. The Bank works directly with thousands of dealers, contractors and financial service providers serving their customers throughout the United States. Medallion Bank is a Utah-chartered, FDIC-insured industrial bank headquartered in Salt Lake City and is a wholly owned subsidiary of Medallion Financial Corp.

    This press release contains “forward-looking statements”, which reflect Medallion Bank’s current views with respect to future events and which address matters that are, by their nature, inherently uncertain and beyond Medallion Bank’s control. These statements are often, but not always, made through the use of words or phrases such as “expect” and “intend” or the negative version of those words or other comparable words or phrases of a future or forward-looking nature. These statements relate to the offering of shares of the Series G Preferred Stock and the anticipated use of the net proceeds by Medallion Bank and are subject to numerous conditions, many of which are beyond the control of Medallion Bank. No assurance can be given that Medallion Bank will decide to redeem its Series F Preferred Stock or, if it does, the amount to be redeemed and the timing of redemption and required regulatory approval. Medallion Bank undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. For a description of certain risks to which Medallion Bank is or may be subject, please refer to the factors discussed under the headings “Cautionary Note Regarding Forward-Looking Statements” and “Risk Factors,” in Medallion Bank’s Annual Report on Form 10-K for the year ended December 31, 2024 and Quarterly Report on Form 10-Q for the quarter ended March 31, 2025.

    This press release does not constitute a notice of redemption with respect to the Series F Preferred Stock. If Medallion Bank decides to redeem the Series F Preferred Stock, it intends to announce its decision by press release and an appropriate notice of redemption during the applicable notice window.

    Company Contact:
    Investor Relations
    212-328-2176
    InvestorRelations@medallion.com

    The MIL Network –

  • MIL-OSI: Athene Holding Ltd. Declares Second Quarter 2025 Preferred Stock Dividends

    Source: GlobeNewswire (MIL-OSI)

    WEST DES MOINES, Iowa, May 22, 2025 (GLOBE NEWSWIRE) — Athene Holding Ltd. (“Athene”) announced that it has declared the following preferred stock dividends on its non-cumulative preferred stock (represented by depositary shares, each representing a 1/1,000th interest in a share of preferred stock), payable on June 30, 2025 to holders of record as of June 15, 2025.

    • Quarterly dividend of $396.875 per share on the company’s 6.35% Fixed-to-Floating Rate Perpetual Non-Cumulative Preferred Stock, Series A (the “Series A Preferred Stock”); holders of depositary shares will receive $0.396875 per depositary share.
    • Quarterly dividend of $351.5625 per share on the company’s 5.625% Fixed-Rate Perpetual Non-Cumulative Preferred Stock, Series B (the “Series B Preferred Stock”); holders of depositary shares will receive $0.3515625 per depositary share.
    • Quarterly dividend of $398.4375 per share on the company’s 6.375% Fixed-Rate Reset Perpetual Non-Cumulative Preferred Stock, Series C (the “Series C Preferred Stock”); holders of depositary shares will receive $0.3984375 per depositary share.
    • Quarterly dividend of $304.6875 per share on the company’s 4.875% Fixed-Rate Perpetual Non-Cumulative Preferred Stock, Series D (the “Series D Preferred Stock”); holders of depositary shares will receive $0.3046875 per depositary share.
    • Quarterly dividend of $484.375 per share on the company’s 7.750% Fixed-Rate Reset Perpetual Non-Cumulative Preferred Stock, Series E (the “Series E Preferred Stock”); holders of depositary shares will receive $0.484375 per depositary share.

    Depositary shares for the Series A Preferred Stock are listed on the New York Stock Exchange (“NYSE”) under the ticker symbol “ATHPrA,” depositary shares for the Series B Preferred Stock are listed on the NYSE under the ticker symbol “ATHPrB,” depositary shares for the Series C Preferred Stock are listed on the NYSE under the ticker symbol “ATHPrC,” depositary shares for the Series D Preferred Stock are listed on the NYSE under the ticker symbol “ATHPrD,” and depositary shares for the Series E Preferred Stock are listed on the NYSE under the ticker symbol “ATHPrE.”

    About Athene
    Athene is a leading retirement services company with over $380 billion of total assets as of March 31, 2025, and operations in the United States, Bermuda, Canada, and Japan. Athene is focused on providing financial security to individuals by offering an attractive suite of retirement income and savings products and also serves as a solutions provider to corporations. For more information, please visit www.athene.com.

    Contact:

    Jeanne Hess
    VP, External Relations
    +1 646 768 7319
    jeanne.hess@athene.com

    The MIL Network –

  • MIL-OSI: ESET participates in operation to disrupt the infrastructure of Danabot infostealer

    Source: GlobeNewswire (MIL-OSI)

    • ESET Research has been tracking Danabot’s activity since 2018 as part of a global effort that resulted in a major disruption of the malware’s infrastructure.
    • While primarily developed as an infostealer, Danabot also has been used to distribute additional malware, including ransomware.
    • Danabot’s authors promote their toolset through underground forums and offer various rental options to potential affiliates.
    • This ESET Research analysis covers the features used in the latest versions of the malware, the authors’ business model, and an overview of the toolset offered to affiliates.
    • Poland, Italy, Spain and Turkey are historically one of the most targeted countries by Danabot.

    PRAGUE and BRATISLAVA, Czech Republic, May 22, 2025 (GLOBE NEWSWIRE) — ESET has participated in a major infrastructure disruption of the notorious infostealer, Danabot, by the US Department of Justice, the FBI, and US Department of Defense’s Defense Criminal Investigative Service. U.S. agencies were working closely with Germany’s Bundeskriminalamt, the Netherlands’ National Police, and the Australian Federal Police. ESET took part in the effort alongside Amazon, CrowdStrike, Flashpoint, Google, Intel471, PayPal, Proofpoint, Team Cymru and Zscaler. ESET Research, which has been tracking Danabot since 2018, contributed assistance that included providing technical analysis of the malware and its backend infrastructure, as well as identifying Danabot’s C&C servers. During that period, ESET analyzed various Danabot campaigns all over the world, with Poland, Italy, Spain and Turkey historically being one of the most targeted countries. The joint takedown effort also led to the identification of individuals responsible for Danabot development, sales, administration, and more.

    “Since Danabot has been largely disrupted, we are using this opportunity to share our insights into the workings of this malware-as-a-service operation, covering the features used in the latest versions of the malware, the authors’ business model, and an overview of the toolset offered to affiliates. Apart from exfiltrating sensitive data, we have observed that Danabot is also used to deliver further malware, which can include ransomware, to an already compromised system,” says ESET researcher Tomáš Procházka, who investigated Danabot.

    The authors of Danabot operate as a single group, offering their tool for rental to potential affiliates, who subsequently employ it for their malicious purposes by establishing and managing their own botnets. Danabot’s authors have developed a vast variety of features to assist customers with their malevolent motives. The most prominent features offered by Danabot include: the ability to steal various data from browsers, mail clients, FTP clients, and other popular software; keylogging and screen recording; real-time remote control of the victims’ systems; file grabbing; support for Zeus-like webinjects and form grabbing; and arbitrary payload upload and execution. Besides utilizing its stealing capabilities, ESET Research has observed a variety of payloads being distributed via Danabot over the years. Furthermore, ESET has encountered instances of Danabot being used to download ransomware onto already compromised systems.

    In addition to typical cybercrime, Danabot has also been used in less conventional activities such as utilizing compromised machines for launching DDoS attacks… for example, a DDoS attack against Ukraine’s Ministry of Defense soon after the Russian invasion of Ukraine.

    Throughout its existence, according to ESET monitoring, Danabot has been a tool of choice for many cybercriminals and each of them has used different means of distribution. Danabot’s developers even partnered with the authors of several malware cryptors and loaders, and offered special pricing for a distribution bundle to their customers, helping them with the process. Recently, out of all distribution mechanisms ESET observed, the misuse of Google Ads to display seemingly relevant, but actually malicious, websites among the sponsored links in Google search results stands out as one of the most prominent methods to lure victims into downloading Danabot. The most popular ploy is packing the malware with legitimate software and offering such a package through bogus software sites or websites falsely promising users to help them find unclaimed funds. The latest addition to these social engineering techniques are deceptive websites offering solutions for fabricated computer issues, whose only purpose is to lure victims into execution of a malicious command secretly inserted into the user’s clipboard.

    The typical toolset provided by Danabot’s authors to their affiliates includes an administration panel application, a backconnect tool for real-time control of bots, and a proxy server application that relays the communications between the bots and the actual C&C server. Affiliates can choose from various options to generate new Danabot builds, and it’s their responsibility to distribute these builds through their own campaigns.

    “It remains to be seen whether Danabot can recover from the takedown. The blow will, however, surely be felt, since law enforcement managed to unmask several individuals involved in the malware’s operations,” concludes Procházka.

    For technical overview of Danabot and insight into its operation, check out ESET Research blogpost: “Danabot: Analyzing a fallen empire” on WeLiveSecurity.com. Make sure to follow ESET Research on Twitter (today known as X), BlueSky, and Mastodon for the latest news from ESET Research.

    Worldwide Danabot detections as seen in ESET telemetry since 2018

    About ESET

    ESET® provides cutting-edge digital security to prevent attacks before they happen. By combining the power of AI and human expertise, ESET stays ahead of emerging global cyberthreats, both known and unknown— securing businesses, critical infrastructure, and individuals. Whether it’s endpoint, cloud, or mobile protection, our AI-native, cloud-first solutions and services remain highly effective and easy to use. ESET technology includes robust detection and response, ultra-secure encryption, and multifactor authentication. With 24/7 real-time defense and strong local support, we keep users safe and businesses running without interruption. The ever-evolving digital landscape demands a progressive approach to security: ESET is committed to world-class research and powerful threat intelligence, backed by R&D centers and a strong global partner network. For more information, visit www.eset.com or follow our social media, podcasts and blogs.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/2306cbf1-1ef7-4040-8c12-ca8be3cc6689

    The MIL Network –

  • MIL-OSI: Guggenheim Second Quarter 2025 High Yield and Bank Loan Outlook: Credit Crossroads: Finding Value in an Era of Uncertainty

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, May 22, 2025 (GLOBE NEWSWIRE) — Guggenheim Investments, the global asset management and investment advisory business of Guggenheim Partners, today released its second quarter High Yield and Bank Loan Outlook. “Credit Crossroads: Finding Value in an Era of Uncertainty,” examines the outlook for high yield corporate bonds and leveraged loans amid an uncertain economic environment and dimming growth outlook.

    Key takeaways:

    • Despite recent progress on trade negotiations, tariffs and related uncertainty have weakened the U.S. economic outlook, widening the range of potential outcomes for credit.
    • While progress on trade negotiations has lowered the probability of deeper economic downside risks, we think agreements will ultimately still result in higher effective tariff rates than at the start of the year.
    • The leveraged credit market delivered positive returns, despite historically high volatility.
    • Spreads for the strongest credits retraced quickly and are now tighter than the start of the year, while spreads for the weakest credits remain wider, as investors isolated the likely impact of tariffs across issuers and industries.
    • Fundamentals vary widely by capital structure and issuer type.
    • Industries that have outperformed are perceived as more resilient to tariff impacts due to less impact from trade issues or with defensive characteristics.
    • In tariff-exposed sectors, spreads for the weakest credits are 20–30 percent wider than where they started the year, suggesting risks have not fully receded.
    • We currently favor high yield corporates with stronger credit profiles and less exposure to tariff impacts and are maintaining cash to capitalize on relative value opportunities as spreads evolve.
    • Substantial downside risk remains should trade negotiations disappoint, or if a deeper shock becomes evident when the full impact of tariffs materializes.
    • We continue to actively monitor our portfolios, focusing on vulnerability to cost inflation, supply chain disruptions, and sourcing dependencies, while emphasizing issuers with pricing flexibility, negotiating power, and diversified sourcing strategies.

    For more information, please visit http://www.guggenheiminvestments.com.

    About Guggenheim Investments

    Guggenheim Investments is the global asset management and investment advisory division of Guggenheim Partners and has more than $349 billion1 in total assets across fixed income, equity and alternative strategies. We focus on the return and risk needs of insurance companies, corporate and public pension funds, sovereign wealth funds, endowments and foundations, consultants, wealth managers, and high-net-worth investors. Our 220+ investment professionals perform rigorous research to understand market trends and identify undervalued opportunities in areas that are often complex and underfollowed. This approach to investment management has enabled us to deliver innovative strategies providing diversification opportunities and attractive long-term results.

    1. Guggenheim Investments total assets are as of 3.31.2025 and includes $246 bn in GI Assets Under Management (AUM), plus $102.3 bn in non-advisory GI Assets Under Supervision (AUS) for a total of more than $349 bn. AUM includes leverage of $15.2 bn. Guggenheim Investments represents the following affiliated investment management businesses of Guggenheim Partners, LLC: Guggenheim Partners Investment Management, LLC, Security Investors, LLC, Guggenheim Funds Distributors, LLC, Guggenheim Funds Investment Advisors, LLC, Guggenheim Corporate Funding, LLC, Guggenheim Private Investments, LLC, Guggenheim Wealth Solutions, LLC, Guggenheim Partners Europe Limited, Guggenheim Partners Japan Limited, and GS GAMMA Advisors, LLC.

    Investing involves risk, including the possible loss of principal. In general, the value of a fixed-income security falls when interest rates rise and rises when interest rates fall. Longer term bonds are more sensitive to interest rate changes and subject to greater volatility than those with shorter maturities. During periods of declining rates, the interest rates on floating rate securities generally reset downward and their value is unlikely to rise to the same extent as comparable fixed rate securities.  High yield and unrated debt securities are at a greater risk of default than investment grade bonds and may be less liquid, which may increase volatility. Investors in asset-backed securities, including mortgage-backed securities and collateralized loan obligations (“CLOs”), generally receive payments that are part interest and part return of principal. These payments may vary based on the rate loans are repaid. Some asset-backed securities may have structures that make their reaction to interest rates and other factors difficult to predict, making their prices volatile and they are subject to liquidity and valuation risk. CLOs bear similar risks to investing in loans directly, such as credit, interest rate, counterparty, prepayment, liquidity, and valuation risks. Loans are often below investment grade, may be unrated, and typically offer a fixed or floating interest rate.

    This material is distributed or presented for informational or educational purposes only and should not be considered a recommendation of any particular security, strategy, or investment product, or as investing advice of any kind. This material is not provided in a fiduciary capacity, may not be relied upon for or in connection with the making of investment decisions, and does not constitute a solicitation of an offer to buy or sell securities. The content contained herein is not intended to be and should not be construed as legal or tax advice and/or a legal opinion. Always consult a financial, tax and/or legal professional regarding your specific situation.

    This material contains opinions of the author, but not necessarily those of Guggenheim Partners, LLC, or its subsidiaries. The opinions contained herein are subject to change without notice. Forward-looking statements, estimates, and certain information contained herein are based upon proprietary and non-proprietary research and other sources. Information contained herein has been obtained from sources believed to be reliable but are not assured as to accuracy. Past performance is not indicative of future results. There is neither representation nor warranty as to the current accuracy of, nor liability for, decisions based on such information. No part of this material may be reproduced or referred to in any form, without express written permission of Guggenheim Partners, LLC.

    Media Contact
    Gerard Carney
    Guggenheim Partners
    310.871.9208
    Gerard.Carney@guggenheimpartners.com

    The MIL Network –

  • MIL-OSI: From Onboarding to Settlement in Minutes: TransFi Launches BizPay to Redefine Global Business Payments

    Source: GlobeNewswire (MIL-OSI)

    TransFi launches BizPay, a unified global payment platform enabling instant, compliant cross-border transactions with AI-powered routing and 250+ local methods across 100+ countries

    NEW DELHI, May 22, 2025 (GLOBE NEWSWIRE) — In a world where time zones, banking systems, and regulatory barriers often complicate global transactions, one platform is leading the charge in rewriting the rules of cross-border finance. TransFi, a company known for building robust and compliant global payment infrastructure, has launched BizPay—a unified platform that enables businesses and individuals to send and receive money, initiate payouts, and accept pay-ins across 100+ countries, in just minutes.

    What makes BizPay stand out isn’t just its technology, but its deep understanding of what global businesses actually need: speed, transparency, and reliability. From self-onboarding to live payouts and collections, the platform strips away the layers of friction that have long plagued international payments. Users can sign up, connect their details, and start moving money globally—whether sending, receiving, paying out, or getting paid—in minutes.

    At the heart of BizPay is an engine built for precision. Using AI-powered dynamic routing and 70+ backend integrations, every payout or pay-in is optimized for the fastest and most cost-effective route—whether that’s via fiat or stablecoin rails. Paired with 250+ local payment methods, BizPay ensures funds flow not just fast, but fluently—reaching recipients in markets often underserved by legacy systems.

    With transparent pricing, real-time FX rates, and zero hidden fees, BizPay flips the script on how businesses think about cross-border money movement. For many, this could mean the difference between expanding into a new market—or holding back due to unpredictable costs and delayed settlements.

    With BizPay, TransFi isn’t just building a payment platform—it’s changing the way the world moves money. Sending, receiving, pay-ins, payouts—faster, cheaper, compliant, and secure—this is what cross-border payments should look like.
    What’s equally reassuring is the seamless integration of compliance. Automated checks on every transaction—whether pay-in or payout, standardized error codes, multi-jurisdictional safeguards, and adherence to global regulations ensure every transaction moves not just fast, but right. TransFi has built BizPay to not only scale with your business, but to protect it—ensuring every incoming or outgoing fund transfer is compliant from start to finish.

    In an increasingly connected world, BizPay feels less like a fintech product and more like an essential utility—a clean, powerful layer that makes global commerce feel local. No need to juggle multiple vendors, platforms, or legal frameworks—BizPay wraps collections, disbursements, payouts, pay-ins, and compliance into one intuitive solution. With this launch, TransFi isn’t chasing trends. It’s setting a new standard.

    Media Contact:
    Company Name: TransFi
    Contact Person Name: Farhan Ahmed
    Email id: farhan@transfi.com
    Company Website: https://www.transfi.com

    Disclaimer: This is a paid post and is provided by TransFi. 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/7359c43d-90f7-499b-818f-64647e04fa8d

    The MIL Network –

  • MIL-OSI: Cal Redwood Acquisition Corp. Announces Pricing of $200 Million Initial Public Offering

    Source: GlobeNewswire (MIL-OSI)

    Menlo Park, CA, May 22, 2025 (GLOBE NEWSWIRE) — Cal Redwood Acquisition Corp. (the “Company”) announced the pricing of its initial public offering of 20,000,000 units at a price of $10.00 per unit on May 22, 2025. The units are expected to be listed for trading on the Nasdaq Global Market under the ticker symbol “CRAQU” beginning May 23, 2025. Each unit consists of one Class A ordinary share and one right to receive one tenth of a Class A ordinary share upon the consummation of an initial business combination. Once the securities comprising the units begin separate trading, the Company expects that its Class A ordinary shares and rights will be listed on the Nasdaq Global Market under the symbols “CRA” and “CRAQR,” respectively. The offering is expected to close on May 27, 2025, subject to customary closing conditions.

    The Company was formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The Company may pursue an initial business combination opportunity in any industry or sector but expects to focus its efforts on businesses in the technology, media and telecommunications (TMT) sector as well as sectors that are being transformed via technology disruption, where the Company believes its management team’s operational and investment expertise will provide it with a competitive advantage.

    Cohen & Company Capital Markets, a division of J.V.B. Financial Group, LLC, is acting as lead book-running manager, and Seaport Global Securities is acting as joint book-runner. The Company has granted the underwriters a 45-day option to purchase up to 3,000,000 additional units at the initial public offering price to cover over-allotments, if any.

    The public offering is being made only by means of a prospectus. When available, copies of the prospectus relating to the offering may be obtained from Cohen & Company Capital Markets, 3 Columbus Circle, 24th Floor, New York, NY 10019, Attention: Prospectus Department, or by email at: capitalmarkets@cohencm.com.

    A registration statement relating to the securities became effective on May 22, 2025. 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 these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

    Forward-Looking Statements

    This press release contains statements that constitute “forward-looking statements,” including with respect to the proposed initial public offering and the anticipated use of the net proceeds from the offering. No assurance can be given that the offering discussed above will be completed on the terms described, or at all, or that the Company will ultimately complete a business combination transaction. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company’s registration statement and preliminary prospectus for the Company’s offering filed with the U.S. Securities and Exchange Commission (the “SEC”). Copies of these documents are available on the SEC’s website, at www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

    Media Contact

    Raymond Dong
    Cal Redwood Acquisition Corp. 
    Email: raymond@bowcapital.com 

    The MIL Network –

  • MIL-OSI: Clear Blue Technologies International to provide Corporate Update and Report Q1 2025 Financial Results and Host Conference Call on Thursday, May 29th, 2025

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, May 22, 2025 (GLOBE NEWSWIRE) — Clear Blue Technologies International Inc. (TSXV: CBLU) the Smart Off-Grid™ Company, today announces that it will provide a corporate update and also report financial results for its first quarter 2025 on Wednesday May 28, 2025, after the market closes.

    Welcome to Clear Blue 2.0!

    Clear Blue has successfully completed its financial restructuring and is now positioned to move forward and execute on the opportunity ahead. The Company has been very busy. Clear Blue will host a conference call on Thursday May 29th, at 11:00 a.m. Eastern Time, to review the financial restructuring, the Company’s 2024 results, and to provide an update on its 2025 outlook and growth plan going forward. Those interested can register at:

    Registration Link

    https://us06web.zoom.us/webinar/register/WN_06KGLRU8Tf6oobFxiB1LtQ

    About Clear Blue Technologies International

    Clear Blue Technologies International, the Smart Off-Grid™ company, was founded on a vision of delivering clean, managed, “wireless power” to meet the global need for reliable, low-cost, solar and hybrid power for lighting, telecom, security, Internet of Things devices, and other mission-critical systems. Today, Clear Blue has thousands of systems under management across 37 countries, including the U.S. and Canada. (TSXV: CBLU) (FRA: 0YA) (OTCQB: CBUTF)

    Legal Disclaimer:

    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.

    For more information, contact:

    Miriam Tuerk, Co-Founder and CEO
    +1 416 433 3952
    miriam@clearbluetechnologies.com
    www.clearbluetechnologies.com/en/investors

    The MIL Network –

  • MIL-OSI: Acceleware Ltd. Reports First Quarter 2025 Financial and Operating Results

    Source: GlobeNewswire (MIL-OSI)

    CALGARY, Alberta, May 22, 2025 (GLOBE NEWSWIRE) — Acceleware® Ltd. (“Acceleware” or the “Company”) (TSX-V: AXE), an advanced electromagnetic (“EM”) heating company with highly scalable solutions for large industrial applications, today announced its financial and operating results for the three months ended March 31, 2025 (all figures are in Canadian dollars unless otherwise noted). The Company’s products are branded EM Powered Heat and provide a pathway to economically electrify and decarbonize industrial heating processes previously considered difficult to abate. EM Powered Heat technology is powered by the Company’s proprietary Clean Tech Inverter (“CTI”) for applications including enhanced oil recovery (“RF XL”), mining and mineral processing, carbon capture, cement and concrete, and agri-food. In addition to EM Powered Heat, the Company also provides specialized scientific high-performance (“HPC”) software. This news release should be read in conjunction with the Company’s unaudited interim condensed financial statements and the accompanying notes for the three months ended March 31, 2025 and management’s discussion and analysis (“MD&A”) thereto, together with the audited financial statements for the year ended December 31, 2024, notes and MD&A thereto, all of which are available on Acceleware’s website at www.acceleware.com or on www.sedarplus.ca.

    HIGHLIGHTS

    Financial highlights:

      Three Months Ended
        March 31, 2025     March 31, 2024  
    Revenue $ 431,226   $ 43,594  
    Comprehensive loss $ (382,195 ) $ (969,971 )
    R&D expenditures $ 420,829   $ 501,115  
                 

    Acceleware is piloting RF XL at its commercial-scale RF XL pilot project at Marwayne, Alberta (the “RF XL Pilot”). The RF XL Pilot successfully demonstrated the potential of the technology in an operational environment. RF XL is the first application of the Company’s patent-protected CTI. Functionality of the CTI has been proven through scaled field tests conducted in 2019 and 2020, and over six months of operation at the RF XL Pilot. Please refer to the RF XL PILOT UPDATE section below for more information, and to the MD&A for a complete RF XL Pilot update.

    Based on positive results to date, Acceleware remains confident that RF XL will become viable as a critical technology in the effort to reduce production costs and decarbonize heavy oil and oil sands production. In 2024, the Company’s operations team continued data analysis, “history-matching” simulations and other analyses of operational data from tests in 2022. The analysis provides evidence that the operation of the RF XL Pilot resulted in sustained heating of the formation around the heating well prior to the pause in operations for maintenance and inspection. In particular, the Company successfully injected RF power into the heating well for over 200 days — a significant milestone and something that has never been achieved before. Also of note is that the CTI successfully operated for seven consecutive months at a variety of power levels and operating conditions during this time.

    In the three months ended March 31, 2025, the Company continued to work on the next iteration of the RF XL subsurface system to more concretely address technical issues that were illuminated during the first phase of heating at the RF XL Pilot. These iterations are also expected to significantly reduce the complexity of the subsurface structure, while reducing manufacturing and deployment costs once commercialized. This redesign work is now complete and ready for manufacturing and deployment. The Company is seeking funding for a second phase of heating at the RF XL Pilot incorporating the new subsurface design and existing surface facilities including the CTI. During 2024 the Company confirmed that the expected cost to redeploy the upgraded design at Marwayne would be approximately $5 million including contingency. Also in 2024, the Company announced that it had secured a total of up to $1.3 million in non-dilutive funding from the Clean Resource Innovation Network (“CRIN”) for the next phase of the RF XL Pilot, contingent on the Company sourcing the remaining $3.7 million. The Company has identified several industry and government potential funders and has discussed the project with them. The purpose of the second phase of heating at the RF XL Pilot is to enable higher power to be distributed into the reservoir for a sustained period, resulting in higher reservoir temperatures and oil production, to advance the potential commercial viability of RF XL technology.

    In addition to development work, and with results gained from RF XL deployment in Marwayne to date, Management has also initiated a strategic review of the commercialization plan for RF XL. The process involved analyzing various heavy oil and bitumen reservoirs in western Canada, with the goal of identifying the optimal resources for the demonstration of commercial viability of RF XL. These reservoirs included not only the vast McMurray oil sands, but also heavy oil plays including the Clearwater in north-central Alberta, the Bluesky in west-central Alberta, and the Mannville Stack in eastern Alberta and western Saskatchewan. The review process has led Management to conclude that heavy oil plays offer the greatest near-term potential for commercializing RF XL, due to lower initial capital per well, ability to scale from one heating well to many, lower operating cost to effectively decrease viscosity, and the potential for significant incremental production and ultimate recovery to make uneconomic resources economic. Once proven in heavy oil, Management believes the oil sands will offer significant market expansion potential.

    In Q1 2025 Acceleware’s board of directors approved an initiative proposed by Management to investigate (in parallel with continued effort to progress a second phase of heating at Marwayne) the opportunity for Acceleware, as an operator, to acquire rights to a suitable heavy oil property, and thereafter apply RF XL as a secondary recovery method to improve the property’s production, cashflow, ultimate recovery and asset valuation. Under this scenario, Acceleware would benefit from the valuation enhancement brought about by RF XL. Management has commenced its investigation pursuant to this initiative as of the date of this news release. In the three months ended March 31, 2025 the Company’s subsurface team refined its reservoir selection criteria and identified several promising locations for a commercial demonstration of RF XL.

    As of the date of this news release, the Company completed additional IMII-funded testing of a 100kg per hour prototype potash dryer with further promising results. IMII and its participating members had requested additional testing under various scenarios before considering the Company’s Phase 3 proposal for the design, construction and testing of a new, larger-scale prototype. Acceleware expects to learn if IMII and its members will sanction a Phase 3 project later this year. IMII’s minerals industry members include BHP, Cameco Corporation, Fission Uranium Corp., The Mosaic Company and Nutrien Ltd.

    During the three months ended March 31, 2025, Acceleware continued to invest in developing and protecting new intellectual property with the number of patents issued, allowed, applied for, or in development totalling 62. The Company has 28 patents granted or allowed to protect various proprietary technologies and 34 patent applications pending or under development. The Company uses an integrated strategy for IP protection involving a combination of patenting and trade secrets, working closely with the patent offices and intellectual property advisors.

    RF XL PILOT UPDATE
    Acceleware plans to initiate a second phase of heating after completing a proposed significant subsurface design upgrade to address the moisture ingress issue. Prior to the next phase of heating, all RF XL subsurface components will be removed, and substantially upgraded, and then redeployed. This plan was developed in consultation with industry partners and service providers and among the alternatives examined, it is expected to have the highest probability of achieving higher power injected into the reservoir for a sustained period. The subsurface design was further refined in Q1 2025 to more completely address the moisture ingress issue, to increase simplicity and to reduce costs for the commercial product. The refined design is not expected to materially impact the estimated cost for the second phase of heating at the RF XL Pilot. An estimated additional $5 million of funding is required to complete the redeployment including contingency, and Acceleware is actively working to raise these funds. Acceleware has secured $1.3 million partial funding for the redeployment conditional on securing the balance of the funds from industry partners or other sources. The final timing and cost of the redeployment and subsequent heating is uncertain and remains primarily dependent on financing, partner investment, the time required to source the remaining financing, and the successful deployment of repairs and components.

    Total direct funding received for the first phase of the RF XL Pilot was $24.4 million and included $5.9 million from Alberta Innovates, $5.5 million from Sustainable Development Technology Canada (“SDTC”), $5.0 million from Emissions Reduction Alberta (“ERA”), $3.0 million from CRIN and $5.0 million in aggregate from three oil sands operators. See discussion below in Financial Summary. In exchange for funding, the oil sands operators received exclusive access to detailed technical data and test results, prioritized rights to host a subsequent test, preferred pricing on pre-commercial products and preferred access to RF XL products. These major oil sands producers represent well over one million barrels of oil sands and heavy oil production per day.

    QUARTER IN REVIEW
    Revenue of $431 thousand was recorded in the three months ended March 31, 2025 (“Q1 2025”) compared to $44 thousand in the three months ended March 31, 2024 (“Q1 2024”) and $1.9 million in the previous quarter ended December 31, 2024 (“Q4 2024”). Revenue in Q4 2024 was substantially associated with deferred revenue recognized relating to a contract with one oil sands producer for the RF XL Pilot.

    Total comprehensive loss for Q1 2025 was $383 thousand compared to a comprehensive loss of $1.0 million for Q1 2024 and comprehensive income of $0.9 million for Q4 2024. The reduction in comprehensive loss in Q1 2025 compared to Q1 2024 was due to higher revenue and a significant reduction in R&D and G&A expenses. Comprehensive income in Q4 2024 was higher due to revenue related to the RF XL Pilot. Finance expense includes interest expense on convertible debentures and notes payable which are funding the Company’s working capital. Comprehensive income in all periods was impacted by changes in value of the derivative financial instruments embedded within the convertible debenture. The changes in derivative value are driven primarily by the fluctuation in the Company’s share price.

    R&D expenses incurred in Q1 2025 were $421 thousand compared to $501 thousand in Q1 2024 and $581 thousand in Q4 2024. R&D spending in Q1 2025 and Q4 2024 was related to the IMII dryer for potash ore and included lab engineering, designing and testing, data analysis, and partner consultations, and to further engineering on the next iteration of the RF XL Pilot. R&D spending in Q1 2024 was related to the RF XL Pilot. There was $nil government assistance received in Q1 2025, Q4 2024 and Q1 2024.

    G&A expenses incurred in Q1 2025 were $253 thousand compared to $452 thousand in Q1 2024 and $315 thousand in Q4 2024. There were lower non-cash payroll related costs incurred in Q1 2025 due to the timing of option grants and lower professional fees as the Company continues to prioritize cost control given uncertain economic conditions.

    As at December 31, 2024, Acceleware had negative working capital of $3.6 million (December 31, 2024 – negative working capital of $3.4 million) including cash and cash equivalents of $211 thousand (December 31, 2024 – $272 thousand). The increase in negative working capital is attributable to the decrease in cash as well as an increase in short term notes payable, and an increase in deferred management compensation.

    In the interests of matching cash requirements with a combination of cash generated from operations, external funding, and capital raising activities, the Company actively manages its cash flow and investments in new products. Acceleware intends to maximize cash generated from operations through several initiatives which include continuing to focus on higher gross margin software products that are marketed through a combination of direct and reseller models; minimizing operating expenses where possible; and limiting capital expenditures. As the Company continues to develop its RF Heating technology, new R&D investments will be financed through a combination of internal cash flow from the HPC business, project funding agreements, government assistance and external financing, when available.

    ABOUT ACCELEWARE:
    Acceleware is an innovator of clean-tech decarbonization technologies comprised of two business units: Radio Frequency Heating Technology and Seismic Imaging Software.  

    Acceleware is piloting RF XL, its patented low-cost, low-carbon production technology for heavy oil and oil sands that is materially different from any heavy oil recovery technique used today. Acceleware’s vision is that electrification of heavy oil and oil sands production can be made possible through RF XL, supporting a transition to much cleaner energy production that can quickly bend the emissions curve downward. With clean electricity, Acceleware’s RF XL technology could eliminate greenhouse gas (GHG) emissions associated with heavy oil and oil sands production. RF XL uses no water, requires no solvent, has a small physical footprint, can be redeployed from site to site, and can be applied to a multitude of reservoir types. Acceleware is also actively developing partnerships for RF heating of other industrial applications using the Company’s proprietary CTI.

    Acceleware and Saa Dene Group (co-founded by Jim Boucher) have created Acceleware | Kisâstwêw to raise the profile, adoption, and value of Acceleware technologies. The shared vision of the partnership is to improve the environmental and economic performance of the energy sector by supporting ideals that are important to Indigenous peoples, including respect for land, water, and clean air.

    The Company’s seismic imaging software solutions are state-of-the-art for high fidelity imaging, providing the most accurate and advanced imaging available for oil exploration in complex geologies. Acceleware is a public company listed on Canada’s TSX Venture Exchange under the trading symbol “AXE”.

    NOTE REGARDING FORWARD-LOOKING INFORMATION AND OTHER ADVISORIES
    This news release contains “forward-looking information” within the meaning of Canadian securities legislation. Forward-looking information generally means information about an issuer’s business, capital, or operations that are prospective in nature, and includes disclosure about the issuer’s prospective financial performance or financial position. 

    The forward-looking information in this press release can be identified by terms such as “believes”, “estimates”, “plans”, “potential”, and “will”, and includes information about, the expected commercialization of RF XL, the expected cost of the RF XL Pilot, the timing of the execution of the RF XL Pilot and the redeployment, expected financing required for the RF XL Pilot redeployment, the anticipated economic and societal benefits of the RF XL technology, and the future development plans related to potash ore drying prototypes. Acceleware assumes that current cost estimates are accurate, current timelines will not be delayed by either internal or external causes, that research and development effort including the commercial-scale test plans will result in commercial-ready products, and that future capital raising efforts will be successful.  

    Actual results may vary from the forward-looking information in this press release due to certain material risk factors. These risk factors are described in detail in Acceleware’s continuous disclosure documents, which are filed on SEDAR at www.sedar.com. 

    Acceleware assumes no obligation to update or revise the forward-looking information in this press release, unless it is required to do so under Canadian securities legislation. 

    This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities described in this release in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), or any state securities laws and may not be offered or sold within the United States or to U.S. persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available. 

    DISCLAIMER

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

    For more information:
    Geoff Clark
    Tel: +1 (403) 249-9099
    geoff.clark@acceleware.com

    Acceleware Ltd.
    435 10th Avenue SE
    Calgary, AB, T2G 0W3
    Canada
    Tel: +1 (403) 249-9099
    www.acceleware.com

    The MIL Network –

  • MIL-OSI: Petrus Announces Results of Annual General Meeting of Shareholders

    Source: GlobeNewswire (MIL-OSI)

    CALGARY, Alberta, May 22, 2025 (GLOBE NEWSWIRE) — Petrus Resources Ltd. (“Petrus” or the “Company“) (TSX: PRQ) is pleased to announce that its shareholders approved all resolutions at its annual general meeting of shareholders held yesterday (the “Meeting“). The resolutions approved at the Meeting were as follows:

    The resolution to fix the number of directors of the Company to be elected at the Meeting at five (5) directors was approved.

    The resolution to appoint the five (5) nominees as directors of the Company to serve until the next annual meeting of shareholders of the Company, was passed by way of ballot and the directors received the following votes:

                         
    Nominee   Outcome
    of Vote    		   Votes For   % For   Votes Withheld   % Withheld
                         
    Donald Gray

    Donald Cormack

    Patrick Arnell

    Ken Gray

    Peter Verburg

    		   Elected

    Elected

    Elected

    Elected

    Elected

    		   104,062,316

    104,052,404

    103,837,554

    104,052,866

    103,950,141

    		   99.96

    99.95

    99.75

    99.96

    99.86

    		   37,360

    47,272

    262,122

    46,810

    149,535

    		   0.04

    0.05

    0.25

    0.04

    0.14
                         

    The ordinary resolution approving the unallocated restricted share unit awards under the Company’s restricted share unit award plan and ratifying the previous grants of restricted share unit awards was approved.

    The resolution to appoint PricewaterhouseCoopers LLP, Chartered Professional Accountants of Calgary, Alberta as the Company’s auditors was approved.

    ABOUT PETRUS
    Petrus is a public Canadian oil and gas company focused on property exploitation, strategic acquisitions and risk-managed exploration in Alberta.

    For further information, please contact:
    Ken Gray
    President and Chief Executive Officer
    T: 403-930-0889
    E: kgray@petrusresources.com

    The MIL Network –

  • MIL-OSI: RCF Opportunities Fund II L.P. Files Early Warning Report Regarding Common Shares of Defense Metals Corp.

    Source: GlobeNewswire (MIL-OSI)

    DENVER, May 22, 2025 (GLOBE NEWSWIRE) — RCF Opportunities Fund II L.P. (“RCF”) reports that it has filed an early warning report under National Instrument 62-103 – The Early Warning System and Related Take-Over Bid and Insider Reporting Issues in respect of the common shares (the “Common Shares”) in the capital of Defense Metals Corp. (the “Company”).

    On May 21, 2025, the Company issued an aggregate of 32,277,963 Common Shares to holders of secured convertible notes of the Company (the “Convertible Notes”), upon automatic conversion of the Convertible Notes at a price of C$0.125 per Common Share, and in full satisfaction of the accrued interest on the Convertible Notes (the “Conversion Issuance”). Of this amount, the Company issued an aggregate of 4,080,012 Common Shares to RCF upon the conversion of RCF’s C$500,000 Convertible Note, and in full satisfaction of the accrued interest thereon.

    On the same day, RCF subscribed for 1,720,370 units (the “Units”) of the Company at C$0.15 per Unit, for total proceeds of C$258,055.50, issued pursuant to a concurrent brokered and non-brokered private placement of the Company (the “Private Placement”, and together with the Conversion Issuance, the “Transactions”). The Company issued an aggregate of 36,841,068 Common Shares under the Private Placement. Each Unit is comprised of one Common Share and one-half of one Common Share purchase warrant (each whole warrant, a “Warrant”). Each Warrant entitles RCF to acquire one additional Common Share at a price of C$0.20 per Common Share, at any time on or before May 21, 2028.

    As a result of the issuances of Common Shares under the Transactions, RCF’s beneficial ownership in respect of the Common Shares, being the securities subject to the most recent report required to be filed by RCF in respect of the Company under National Instrument 62-104 – Take-Over Bids and Issuer Bids and National Instrument 62-103 – The Early Warning System and Related Take-Over Bid and Insider Reporting Issues (“NI 62-103”), fell below 10% of the issued and outstanding Common Shares.

    Immediately prior to the Transactions, RCF owned and controlled a total of 25,871,008 Common Shares, representing approximately 9.13% of the issued and outstanding Common Shares. Assuming the conversion in whole of its Convertible Note, RCF would have come to own an aggregate of 29,871,008 Common Shares, representing approximately 11.27% of the issued and outstanding Common Shares on a partially-diluted basis.

    As a result of and immediately following the Transactions, RCF held 31,671,390 Common Shares, representing approximately 9.58% of the issued and outstanding Common Shares. Assuming the exercise of the Warrants, RCF would come to own 32,531,575 Common Shares, representing approximately 9.81% of the issued and outstanding Common Shares on a partially-diluted basis.

    As RCF no longer holds 10% or more of the issued and outstanding Common Shares, RCF will no longer file early warning reports in respect of its ownership of Common Shares unless and until such time as RCF’s aggregate shareholdings exceed 10% of the issued and outstanding Common Shares on a non-diluted or partially-diluted basis.

    RCF acquired the Common Shares and Warrants in accordance with RCF’s investment policy to generate proceeds from its investment in the Company. RCF may from time to time acquire additional securities of the Company, dispose of some or all of the existing or additional securities or may continue to hold its securities in the Company.

    The Company’s head office is located at Suite 1020 – 800 West Pender Street, Vancouver, British Columbia V6C 2V6.

    To obtain a copy of the early warning report filed under applicable Canadian securities laws in connection with the transactions hereunder, please see the Company’s profile on the SEDAR+ website at www.sedarplus.ca.

    About RCF Opportunities Fund II L.P.

    RCF is a private investment fund existing under the laws of the Cayman Islands. RCF is ultimately controlled by RCF Management LLC. For further information and to obtain a copy of the early warning report, please contact:

    RCF Opportunities Fund II L.P.
    1400 Wewatta Street, Suite 850
    Denver, Colorado, 80202
    Telephone: (720) 946-1444
    Attn: Mason Hills

    The MIL Network –

  • MIL-OSI: Univest Securities, LLC Announces Closing of $5 Million Registered Offering for its Client WORK Medical Technology Group LTD (NASDAQ: WOK)

    Source: GlobeNewswire (MIL-OSI)

    New York, New York, May 22, 2025 (GLOBE NEWSWIRE) — Univest Securities, LLC (“Univest”), a member of FINRA and SIPC, and a full-service investment bank and securities broker-dealer firm based in New York, today announced the closing of registered offering (the “Offering”) for its client WORK Medical Technology Group LTD (Nasdaq: WOK) (the “Company”), a supplier of medical devices in China, through its subsidiary, Work (Hangzhou) Medical Treatment Equipment Co., Ltd. and its subsidiaries in China.

    Under the terms of the securities purchase agreement, the Company has agreed to sell to several investors for the purchase and sale of an aggregate of 10,000,000 ordinary units (the “Ordinary Units”) at an offering price of $0.50 per Ordinary Unit.

    Each Ordinary Unit consists of one Class A ordinary share, par value $0.0005 (a “Class A Ordinary Share”), one Series A warrant to purchase one Class A Ordinary Share at an exercise price of $1.00 (a “Series A Warrant”), and one Series B warrant to purchase one Class A Ordinary Share at an exercise price of $1.00 (a “Series B Warrant”). The Series A Warrants and Series B Warrants are immediately exercisable upon issuance, with the Series A Warrants expiring in 12 months, and Series B Warrants expiring in 3 months.

    The aggregate gross proceeds to the Company were approximately $5 million.

    Univest Securities, LLC acted as the sole book-running manager.

    The registered offering was made pursuant to a registration statement on Form F-1 (File No. 333-284006) previously filed by the Company and declared effective by the U.S. Securities and Exchange Commission (“SEC”). A final prospectus supplement and accompanying prospectus describing the terms of the proposed offering were filed with the SEC and are available on the SEC’s website located at http://www.sec.gov. Electronic copies of the final prospectus supplement and the accompanying prospectus may be obtained, by contacting Univest Securities, LLC at info@univest.us, or by calling +1 (212) 343-8888.

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

    About Univest Securities, LLC

    Registered with FINRA since 1994, Univest Securities, LLC provides a wide variety of financial services to its institutional and retail clients globally including brokerage and execution services, sales and trading, market making, investment banking and advisory, wealth management. It strives to provide clients with value-add service and focuses on building long-term relationship with its clients. For more information, please visit: www.univest.us.

    About WORK Medical Technology Group LTD

    WORK Medical Technology Group LTD, through its subsidiary, Work (Hangzhou) Medical Treatment Equipment Co., Ltd. and its subsidiaries in China, is a supplier of medical devices that develops and manufactures Class I and II medical devices and sells Class I and II disposable medical devices through operating subsidiaries in China. The Company has a diverse product portfolio comprising 21 products, including customized and multifunctional masks and other medical consumables. All the products have been sold in 34 provincial-level administrative regions in China, with 15 of them sold in more than 30 countries worldwide. The Company has received a number of quality-related manufacturing designations and has registered 17 products with the U.S. Food and Drug Administration allowing their products to enter the U.S. market. For more information, please visit the Company’s website: https://www.workmedtech.com/corporate.

    Forward-Looking Statements

    This press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When the Company uses words such as “may, “will, “intend,” “should,” “believe,” “expect,” “anticipate,” “project,” “estimate” or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company’s expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the uncertainties related to market conditions and the completion of the initial public offering on the anticipated terms or at all, and other factors discussed in the “Risk Factors” section of the registration statement filed with the SEC. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company’s filings with the SEC, which are available for review at www.sec.gov. Univest Securities LLC and the Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof.

    For more information, please contact:

    Univest Securities, LLC
    Edric Guo
    Chief Executive Officer
    75 Rockefeller Plaza, Suite 18C
    New York, NY 10019
    Phone: (212) 343-8888
    Email: info@univest.us

    The MIL Network –

  • MIL-OSI: Heritage Commerce Corp and Heritage Bank of Commerce Continue Board Leadership Succession

    Source: GlobeNewswire (MIL-OSI)

    SAN JOSE, Calif., May 22, 2025 (GLOBE NEWSWIRE) — Heritage Commerce Corp (NASDAQ: HTBK) (“Heritage” or “Company”), parent company of Heritage Bank of Commerce (the “Bank”), a premier community business bank, today announces the appointment of Julianne Biagini-Komas as Chair of the Board of Directors (the “Board”), replacing Chairman Jack W. Conner who has assumed the role of Chair Emeritus and has indicated he intends to remain on the Board to provide a smooth and orderly transition through October 2025. Ms. Biagini-Komas, a Certified Public Accountant, has served as Vice Chair of the Board since October 2024, as a director since 2014 and as the Chair of the Audit Committee since 2020.

    “The Board and I are delighted to announce Julie’s key role in the Company’s leadership succession plans,” stated Mr. Conner, “Having worked with Julie for many years, I can think of no one better suited to guide the Board and our management team into the future. I am proud of what we have accomplished together, and I look forward to watching Heritage continue to thrive in the years ahead.”

    Ms. Biagini-Komas said, “The entire Board and executive team are immensely grateful for Jack’s experience and leadership for over 20 years. He has led us through tremendous growth, both organically and by acquisition, and through many business cycles. We are confident that he has positioned us well to take advantage of the broad skills and talents of our executives and directors, and I am personally thankful for his willingness to continue in a transitional role.”

    The Company also announced the retirement of Laura Roden from the Board at the conclusion of the Company’s Annual Meeting of the Shareholders this year.

    Of Ms. Roden, Robertson “Clay” Jones, President & CEO stated, “We are grateful for Laura’s 13 years of service as a director, and we congratulate her on a well-deserved retirement.” Ms. Roden expressed her continuing support and appreciation for the Board and the management team, stating, “It has been a privilege to serve with the outstanding team of astute and dedicated individuals on the Heritage Board. As a shareholder I look forward to applauding the Bank’s future successes.”

    Heritage Commerce Corp, a bank holding company established in October 1997, is the parent company of Heritage Bank of Commerce, established in 1994 and headquartered in San Jose, CA with full-service branches in Danville, Fremont, Gilroy, Hollister, Livermore, Los Altos, Los Gatos, Morgan Hill, Oakland, Palo Alto, Pleasanton, Redwood City, San Francisco, San Jose, San Mateo, San Rafael, and Walnut Creek. Heritage Bank of Commerce is an SBA Preferred Lender. Bay View Funding, a subsidiary of Heritage Bank of Commerce, is based in San Jose, CA and provides business-essential working capital factoring financing to various industries throughout the United States. For more information, please visit www.heritagecommercecorp.com. Statements and information presented on our website are not incorporated into and do not form a part of this press release or of any of our filings with the Securities and Exchange Commission.

    Member FDIC

    Cautionary Note Regarding Forward-Looking Statements

    Certain matters set forth herein constitute “forward-looking statements” within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and Section 27A of the Securities Act of 1933, as amended. Among these are statements about the Company’s current intentions and expectations relating to our succession plans for the Board of Directors. These statements reflect the Board’s current intentions and expectations based on currently available information and, as such, are subject to risks and uncertainties that could cause actual results, performance or achievements to differ materially from those expressed in this release. These risks and uncertainties, some of which are beyond our control, include, but are not limited to, factors that affect the timing and effectiveness of the changes in leadership positions described in this release, such as our ability to attract, appropriately evaluate and retain directors having the desired qualifications and experience; our ability to manage the integration of new directors; our ability to address adequately the loss of the talents and experience of the retiring directors; the plans, intentions and decisions of our individual directors with respect to their continuing willingness and availability to serve; and our ability accurately to assess the financial impacts of the recruitment and retention process. Our forward-looking statements are not assurances that we will not deviate from the stated plans and expectations, particularly if changes occur in the economy or the banking environment in general, or in factors that are specific to one or more of our markets. A more comprehensive list of the factors that affect our business can be under Item 1A. “Risk Factors,” of our latest Annual Report on Form 10-K for the year ended December 31, 2024, and in our other subsequent filings with the Securities and Exchange Commission. Readers should consider those factors carefully in making investment decisions about our common stock.

    For additional information, email:
    InvestorRelations@herbank.com

    The MIL Network –

  • MIL-OSI: Prairie Provident Reports on AGM Voting Results

    Source: GlobeNewswire (MIL-OSI)

    CALGARY, Alberta, May 22, 2025 (GLOBE NEWSWIRE) — Prairie Provident Resources Inc. (“Prairie Provident” or the “Company”) (TSX:PPR) announces voting results from its annual and special shareholders’ meeting held today (the “Meeting”). A total of 1,216,965,050 common shares, representing approximately 86.8% of the Company’s issued and outstanding common shares, were represented in person or by proxy at the Meeting.

    All of the matters put forward to the shareholders, as set out in the Company’s notice of meeting and information circular dated April 15, 2025 (the “Information Circular”), a copy of which is available from the SEDAR+ website at www.sedarplus.ca or the Prairie Provident website at www.ppr.ca, were approved by the requisite majority of votes cast at the Meeting.

    Election of Directors

    At the Meeting, each of Glenn Hamilton, Dale Miller, Matthew Shyba and Kathy Turgeon was elected, by ordinary resolution, as a director of Prairie Provident for the ensuing year, to hold office until the close of the next annual meeting of shareholders.

    Following are details as to the number of votes cast ‘for’ the election of each director nominee at the Meeting, and the percentage that figure represented of the total shares voted or withheld from voting in respect of that nominee.

    Director Number of votes FOR election % of total votes FOR
    Glenn Hamilton 1,207,754,472 99.9%
    Dale Miller 1,207,856,769 99.9%
    Matthew Shyba 1,207,691,265 99.9%
    Kathy Turgeon 1,207,736,113 99.9%


    Other Matters

    Shareholders also passed at the Meeting a series of resolutions approving, in each case by a majority of over 99% of votes cast, all other items of business set out in the Information Circular These other items of business consisted of: (i) appointing Ernst & Young LLP as the auditor of the Company for the ensuing year; (ii) approving unallocated entitlements under the Prairie Provident stock option plan and incentive security plan, as well as certain amendments to such plans; (iii) approving a consolidation of the outstanding common shares, and authorizing the Company’s board of directors to determine a consolidation ratio between 20-to-1 and 30-to-1; and (iv) approving amendments to the Company’s authorized share capital to create a new class of non-voting common shares.

    No further determinations have been made with respect to the proposed share consolidation, which remains subject to acceptance by the Toronto Stock Exchange (TSX). Upon the Prairie Provident board of directors determining to proceed with the consolidation, the Company will issue a news release to announce the consolidation ratio, the timing for implementation and the commencement of TSX trading on a post-consolidation basis, and the process for registered shareholders to exchange certificates evidencing pre-consolidation shares for new certificates or direct registration system (DRS) advice statements evidencing post-consolidation shares.

    ABOUT PRAIRIE PROVIDENT

    Prairie Provident is a Calgary-based company engaged in the development of oil and natural gas properties in Alberta. The Company’s strategy is to optimize cash flow from our existing assets to fund low risk development, maintain stable cash flow, while limiting its production decline.

    For further information, please contact:

    Dale Miller, Executive Chairman
    Phone: (403) 292-8150
    Email: investor@ppr.ca

    The MIL Network –

  • MIL-OSI: Reeflex Solutions Iinc. Announces Completion of Qualifying Transaction

    Source: GlobeNewswire (MIL-OSI)

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

    CALGARY, Alberta, May 22, 2025 (GLOBE NEWSWIRE) — Reeflex Solutions Inc. (TSXV: RFX) (formerly Bigstack Opportunities I Inc., a capital pool company) (“Reeflex”) is pleased to announce that it has successfully completed its previously announced “Qualifying Transaction” pursuant to TSX Venture Exchange (“TSXV”) Policy 2.4 – Capital Pool Companies (the “Qualifying Transaction”). Reeflex received conditional approval from the TSXV for the Qualifying Transaction and a filing statement dated April 14, 2025 (the “Filing Statement”) with respect to the Qualifying Transaction can be found on Reeflex’s SEDAR+ profile at www.sedarplus.ca.

    Trading in the common shares of Reeflex (“Reeflex Shares”) was previously halted at the request of Reeflex in connection with the initial announcement of the Qualifying Transaction and is expected to resume under the new ticker symbol “RFX” on the TSXV in two business days following the date of issuance of the bulletin by the TSXV evidencing final acceptance of the Qualifying Transaction. The new CUSIP number is 75846K105 and the new ISIN is CA75846K1057 for the Reeflex Shares.

    “Completing this Qualifying Transaction marks a significant milestone for Reeflex Solutions Inc.,” said John Babic, President and CEO of Reeflex. “Our vision to transform and expand the capabilities of Coil Solutions Inc. is now supported by the resources and opportunities of a public company. We are excited to leverage this new platform to continue driving innovation and delivering value to our stakeholders.”

    Summary of the Qualifying Transaction

    In connection with the Qualifying Transaction, Reeflex changed its name from “Bigstack Opportunities I Inc.” to “Reeflex Solutions Inc.”.

    Pursuant to the Qualifying Transaction:

    • Reeflex Coil Solutions Inc. (the “Target”) completed an acquisition of all of the issued and outstanding shares in the capital of Coil Solutions Inc. (“Coil”) from all of the shareholders of Coil for aggregate consideration of $5.8 million, subject to a post-closing working capital adjustment;
    • the Target completed a non-brokered private placement of 4,139,500 subscription receipts (each, a “Subscription Receipt”) at a price of $0.20 per Subscription Receipt for aggregate gross proceeds of $827,900. Each Subscription Receipt converted into one common share in the capital of the Target (the “Target Share”) prior to a three-cornered amalgamation (the “Amalgamation”) described below resulting in each holder of a Subscription Receipt receiving one Reeflex Share for each Subscription Receipt held; and
    • Reeflex completed the Amalgamation pursuant to which (i) the Target amalgamated with 2704122 Alberta Ltd., a wholly-owned subsidiary of Reeflex, under the Business Corporations Act (Alberta), (ii) all of the issued and outstanding Target Shares immediately prior to the Amalgamation were cancelled and, in consideration therefor, the holders thereof received one Reeflex Share on the basis of one Target Share for one Reeflex Share and (iii) the amalgamated corporation, named Reeflex Coil Solutions Inc. (“Reeflex Coil”), is a wholly-owned subsidiary of Reeflex and Coil is a wholly-owned subsidiary of Reeflex Coil.

    Following completion of the Qualifying Transaction, the directors and officers of Reeflex are:

    • John Babic, President, Chief Executive Officer and Director;
    • Eric Szustak, Director;
    • Derrek Dobko, Director;
    • Shawn Szydlowski, Director; and
    • Trevor Conway, Chief Financial Officer and Corporate Secretary.

    In addition, Cecil Hassard and George Wu are Directors of Reeflex Coil and Bryan Hassard is Chief Operating Officer of Coil.

    As of the date hereof, there are 46,401,500 Reeflex Shares issued and outstanding, of which 36,239,500 Reeflex Shares, representing approximately 78.10% of the currently issued and outstanding Reeflex Shares, are held by the former shareholders of the Target as a result of the Qualifying Transaction. In addition, stock options to acquire 3,050,000 Reeflex Shares were issued to the board and management of Reeflex and Reeflex Coil following the completion of the Qualifying Transaction and agent’s warrants that were previously issued and outstanding to purchase up to 500,000 Reeflex Shares remain outstanding. All stock options of Reeflex held by Eric Szustak and the former directors and officers of Reeflex prior to the Qualifying Transaction were exercised pursuant to the terms of the Qualifying Transaction.

    For further information regarding the Qualifying Transaction, Reeflex, the Target and Coil, please see the Filing Statement and prior press releases related to the Qualifying Transaction, which can be found on Reeflex’s SEDAR+ profile at www.sedarplus.ca.

    Early Warning Disclosure

    Upon the completion of the Qualifying Transaction, John Babic, President, Chief Executive Officer and Director of Reeflex, holds, directly or indirectly, or exercises control or direction over an aggregate of 11,500,000 Reeflex Shares and stock options to acquire 1,750,000 Reeflex Shares, representing 24.78% of the issued and outstanding Reeflex Shares on a non-diluted basis and 27.52% on a partially-diluted basis (assuming the exercise of Mr. Babic’s convertible securities). Prior to the completion of the Qualifying Transaction, Mr. Babic did not beneficially own, or exercise control or direction over, any securities of Reeflex. Mr. Babic acquired these securities for investment purposes and may, from time to time, acquire additional securities of Reeflex or dispose of such securities as he may deem appropriate.

    Upon the completion of the Qualifying Transaction, Cecil Hassard, Director of Reeflex Coil, holds, directly or indirectly, or exercises control or direction over an aggregate of 5,553,710 Reeflex Shares and stock options to acquire 100,000 Reeflex Shares, representing 11.97% of the issued and outstanding Reeflex Shares on a non-diluted basis and 12.16% on a partially-diluted basis (assuming the exercise of Mr. Hassard’s convertible securities). Prior to the completion of the Qualifying Transaction, Mr. Hassard did not beneficially own, or exercise control or direction over, any securities of Reeflex. Mr. Hassard acquired these securities for investment purposes and may, from time to time, acquire additional securities of Reeflex or dispose of such securities as he may deem appropriate.

    The foregoing disclosure is being disseminated pursuant to National Instrument 62-103 – The Early Warning System and Related Take-Over Bid and Insider Reporting Issues. Copies of the early warning reports with respect to the foregoing will appear on Reeflex’s SEDAR+ profile at www.sedarplus.ca and may also be obtained by contacting Reeflex as set forth below.

    Change of Auditor

    In connection with the completion of the Qualifying Transaction, Clearhouse LLP will resign as auditor of Reeflex and MNP LLP will be appointed as auditor of Reeflex. In the opinion of Reeflex, no “reportable event” (as such term is defined in National Instrument 51-102 – Continuous Disclosure Obligations (“NI 51-102”)) has occurred. Reeflex is relying on section 4.11(3)(a) of NI 51-102 for an exemption from the change of auditor requirements within section 4.11 of NI 51-102.

    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: Reeflex Solutions Inc. Announces Completion of Qualifying Transaction

    Source: GlobeNewswire (MIL-OSI)

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

    CALGARY, Alberta, May 22, 2025 (GLOBE NEWSWIRE) — Reeflex Solutions Inc. (TSXV: RFX) (formerly Bigstack Opportunities I Inc., a capital pool company) (“Reeflex”) is pleased to announce that it has successfully completed its previously announced “Qualifying Transaction” pursuant to TSX Venture Exchange (“TSXV”) Policy 2.4 – Capital Pool Companies (the “Qualifying Transaction”). Reeflex received conditional approval from the TSXV for the Qualifying Transaction and a filing statement dated April 14, 2025 (the “Filing Statement”) with respect to the Qualifying Transaction can be found on Reeflex’s SEDAR+ profile at www.sedarplus.ca.

    Trading in the common shares of Reeflex (“Reeflex Shares”) was previously halted at the request of Reeflex in connection with the initial announcement of the Qualifying Transaction and is expected to resume under the new ticker symbol “RFX” on the TSXV in two business days following the date of issuance of the bulletin by the TSXV evidencing final acceptance of the Qualifying Transaction. The new CUSIP number is 75846K105 and the new ISIN is CA75846K1057 for the Reeflex Shares.

    “Completing this Qualifying Transaction marks a significant milestone for Reeflex Solutions Inc.,” said John Babic, President and CEO of Reeflex. “Our vision to transform and expand the capabilities of Coil Solutions Inc. is now supported by the resources and opportunities of a public company. We are excited to leverage this new platform to continue driving innovation and delivering value to our stakeholders.”

    Summary of the Qualifying Transaction

    In connection with the Qualifying Transaction, Reeflex changed its name from “Bigstack Opportunities I Inc.” to “Reeflex Solutions Inc.”.

    Pursuant to the Qualifying Transaction:

    • Reeflex Coil Solutions Inc. (the “Target”) completed an acquisition of all of the issued and outstanding shares in the capital of Coil Solutions Inc. (“Coil”) from all of the shareholders of Coil for aggregate consideration of $5.8 million, subject to a post-closing working capital adjustment;
    • the Target completed a non-brokered private placement of 4,139,500 subscription receipts (each, a “Subscription Receipt”) at a price of $0.20 per Subscription Receipt for aggregate gross proceeds of $827,900. Each Subscription Receipt converted into one common share in the capital of the Target (the “Target Share”) prior to a three-cornered amalgamation (the “Amalgamation”) described below resulting in each holder of a Subscription Receipt receiving one Reeflex Share for each Subscription Receipt held; and
    • Reeflex completed the Amalgamation pursuant to which (i) the Target amalgamated with 2704122 Alberta Ltd., a wholly-owned subsidiary of Reeflex, under the Business Corporations Act (Alberta), (ii) all of the issued and outstanding Target Shares immediately prior to the Amalgamation were cancelled and, in consideration therefor, the holders thereof received one Reeflex Share on the basis of one Target Share for one Reeflex Share and (iii) the amalgamated corporation, named Reeflex Coil Solutions Inc. (“Reeflex Coil”), is a wholly-owned subsidiary of Reeflex and Coil is a wholly-owned subsidiary of Reeflex Coil.

    Following completion of the Qualifying Transaction, the directors and officers of Reeflex are:

    • John Babic, President, Chief Executive Officer and Director;
    • Eric Szustak, Director;
    • Derrek Dobko, Director;
    • Shawn Szydlowski, Director; and
    • Trevor Conway, Chief Financial Officer and Corporate Secretary.

    In addition, Cecil Hassard and George Wu are Directors of Reeflex Coil and Bryan Hassard is Chief Operating Officer of Coil.

    As of the date hereof, there are 46,401,500 Reeflex Shares issued and outstanding, of which 36,239,500 Reeflex Shares, representing approximately 78.10% of the currently issued and outstanding Reeflex Shares, are held by the former shareholders of the Target as a result of the Qualifying Transaction. In addition, stock options to acquire 3,050,000 Reeflex Shares were issued to the board and management of Reeflex and Reeflex Coil following the completion of the Qualifying Transaction and agent’s warrants that were previously issued and outstanding to purchase up to 500,000 Reeflex Shares remain outstanding. All stock options of Reeflex held by Eric Szustak and the former directors and officers of Reeflex prior to the Qualifying Transaction were exercised pursuant to the terms of the Qualifying Transaction.

    For further information regarding the Qualifying Transaction, Reeflex, the Target and Coil, please see the Filing Statement and prior press releases related to the Qualifying Transaction, which can be found on Reeflex’s SEDAR+ profile at www.sedarplus.ca.

    Early Warning Disclosure

    Upon the completion of the Qualifying Transaction, John Babic, President, Chief Executive Officer and Director of Reeflex, holds, directly or indirectly, or exercises control or direction over an aggregate of 11,500,000 Reeflex Shares and stock options to acquire 1,750,000 Reeflex Shares, representing 24.78% of the issued and outstanding Reeflex Shares on a non-diluted basis and 27.52% on a partially-diluted basis (assuming the exercise of Mr. Babic’s convertible securities). Prior to the completion of the Qualifying Transaction, Mr. Babic did not beneficially own, or exercise control or direction over, any securities of Reeflex. Mr. Babic acquired these securities for investment purposes and may, from time to time, acquire additional securities of Reeflex or dispose of such securities as he may deem appropriate.

    Upon the completion of the Qualifying Transaction, Cecil Hassard, Director of Reeflex Coil, holds, directly or indirectly, or exercises control or direction over an aggregate of 5,553,710 Reeflex Shares and stock options to acquire 100,000 Reeflex Shares, representing 11.97% of the issued and outstanding Reeflex Shares on a non-diluted basis and 12.16% on a partially-diluted basis (assuming the exercise of Mr. Hassard’s convertible securities). Prior to the completion of the Qualifying Transaction, Mr. Hassard did not beneficially own, or exercise control or direction over, any securities of Reeflex. Mr. Hassard acquired these securities for investment purposes and may, from time to time, acquire additional securities of Reeflex or dispose of such securities as he may deem appropriate.

    The foregoing disclosure is being disseminated pursuant to National Instrument 62-103 – The Early Warning System and Related Take-Over Bid and Insider Reporting Issues. Copies of the early warning reports with respect to the foregoing will appear on Reeflex’s SEDAR+ profile at www.sedarplus.ca and may also be obtained by contacting Reeflex as set forth below.

    Change of Auditor

    In connection with the completion of the Qualifying Transaction, Clearhouse LLP will resign as auditor of Reeflex and MNP LLP will be appointed as auditor of Reeflex. In the opinion of Reeflex, no “reportable event” (as such term is defined in National Instrument 51-102 – Continuous Disclosure Obligations (“NI 51-102”)) has occurred. Reeflex is relying on section 4.11(3)(a) of NI 51-102 for an exemption from the change of auditor requirements within section 4.11 of NI 51-102.

    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: Brompton Split Banc Corp. Renews At-the-Market Equity Program

    Source: GlobeNewswire (MIL-OSI)

    Not for distribution to U.S. newswire services or for dissemination in the United States.

    TORONTO, May 22, 2025 (GLOBE NEWSWIRE) — (TSX: SBC, SBC.PR.A) Brompton Split Banc Corp. (the “Fund”) is pleased to announce it has renewed its at-the-market equity program (“ATM Program”) so that the Fund can issue class A and preferred shares (the “Class A Shares” and “Preferred Shares”, respectively) to the public from time to time, at the Fund’s discretion. This ATM Program replaces the prior program established in April 2023 that has terminated. Any Class A Shares or Preferred Shares sold under the ATM Program will be sold through the Toronto Stock Exchange (the “TSX”) or any other marketplace in Canada on which the Class A Shares and Preferred Shares are listed, quoted or otherwise traded at the prevailing market price at the time of sale. Sales of Class A Shares and Preferred Shares through the ATM Program will be made pursuant to the terms of an equity distribution agreement dated May 22, 2025 (the “Equity Distribution Agreement”) with RBC Capital Markets (the “Agent”).

    Sales of Class A Shares and Preferred Shares will be made by way of “at-the-market distributions” as defined in National Instrument 44-102 Shelf Distributions on the TSX or on any marketplace for the Class A Shares and Preferred Shares in Canada. Since the Class A Shares and Preferred Shares will be distributed at the prevailing market prices at the time of the sale, prices may vary among purchasers during the period of distribution. The ATM Program is being offered pursuant to a prospectus supplement dated May 22, 2025 to the Fund’s short form base shelf prospectus dated May 22, 2025. The maximum gross proceeds from the issuance of the shares will be $75 million for each of the Class A and Preferred Shares. Copies of the prospectus supplement and the short form base shelf prospectus may be obtained from your registered financial advisor or from representatives of the Agent and are available on SEDAR+ at www.sedarplus.ca.

    The volume and timing of distributions under the ATM Program, if any, will be determined at the Fund’s sole discretion. The ATM Program will be effective until June 22, 2027, unless terminated prior to such date by the Fund. The Fund intends to use the proceeds from the ATM Program in accordance with the investment objectives and investment strategies of the Fund, subject to the investment restrictions of the Fund.

    The Fund invests in a portfolio (the “Portfolio”) consisting of common shares of the six largest Canadian banks: Royal Bank of Canada, The Bank of Nova Scotia, National Bank of Canada, The Toronto-Dominion Bank, Canadian Imperial Bank of Commerce and Bank of Montreal. In addition, the Fund may hold up to 10% of the total assets of the Portfolio in investments in global financial companies for the purpose of enhanced diversification and return potential.

    The investment objectives for the Class A Shares are to provide holders with regular monthly cash distributions targeted to be at least $0.10 per Class A Share and to provide the opportunity for growth in the net asset value per Class A Share.

    The investment objectives for the Preferred Shares are to provide holders with fixed cumulative preferential quarterly cash distributions, in the amount of $0.15625 per Preferred Share (6.25% per annum on the original $10.00 issue price), and to return the original issue price to holders of Preferred Shares on November 29, 2027.

    Over the last 10 years, the Class A Shares have delivered a 12.0% per annum total return based on NAV, outperforming the S&P/TSX Composite Total Return Index by 3.7% per annum.(1) The Preferred Shares have returned 5.3% per annum over the last 10 years, outperforming the S&P/TSX Preferred Share Total Return Index by 1.7% per annum.(1)

    About Brompton Funds

    Founded in 2000, Brompton is an experienced investment fund manager with income and growth focused investment solutions including exchange-traded funds (ETFs) and other TSX traded investment funds. For further information, please contact your investment advisor, call Brompton’s investor relations line at 416-642-6000 (toll-free at 1-866-642-6001), email info@bromptongroup.com or visit our website at www.bromptongroup.com.

    (1) See Performance table below.

      Brompton Split Banc Corp.
    Compound Annual Returns to April 30, 2025    		 1-Yr 3-Yr 5-Yr 10-Yr Since Inception
      Class A Shares (TSX: SBC) 33.1% 7.8% 26.4% 12.0% 11.2%
      S&P/TSX Composite Total Return Index 17.9% 9.6% 14.4% 8.3% 7.6%
      Preferred Shares (TSX: SBC.PR.A) 6.4% 6.1% 5.7% 5.3% 5.2%
      S&P/TSX Preferred Share Total Return Index 11.7% 5.9% 9.4% 3.5% 2.9%
                 

    Returns are for the periods ended April 30, 2025, and are unaudited. Inception date November 16, 2005. The table shows the compound return on a Class A Share and Preferred Share for each period indicated compared to the S&P/TSX Composite Total Return Index (“Composite Index”), and the S&P/TSX Preferred Share Total Return Index (“Preferred Share Index”) (together the “Indices”). The Composite Index tracks the performance, on a market weight basis and total return basis, of a broad index of large-capitalization issuers listed on the TSX. The Preferred Share Index tracks the performance, on a market‑weight basis and total return basis, of a broad index of preferred shares trading on the TSX that meet the criteria relating to size, liquidity and issuer rating. The Fund is actively managed; therefore, its performance is not expected to mirror that of the Indices, which have more diversified portfolios and include a substantially larger number of companies. Furthermore, the Indices’ performance is calculated without the deduction of management fees, fund expenses and trading commissions, whereas the performance of the Fund is calculated after deducting such fees and expenses. Additionally, the performance of the Class A Shares is impacted by the leverage provided by the Preferred Shares. The performance information shown is based on the net asset value per Class A Share and the redemption price per Preferred Share and assumes that cash distributions made by the Fund during the periods shown were reinvested at net asset value per Class A Share and redemption price per Preferred Share in additional Class A Shares or Preferred Shares of the Fund. Past performance does not necessarily indicate how the Fund will perform in the future.

    You will usually pay brokerage fees to your dealer if you purchase or sell shares of the Fund on the TSX or other alternative Canadian trading system (an “exchange”). If the shares are purchased or sold on an exchange, investors may pay more than the current net asset value when buying shares of the Fund and may receive less than the current net asset value when selling them.

    There are ongoing fees and expenses associated with owning shares of an investment fund. An investment fund must prepare disclosure documents that contain key information about the fund. You can find more detailed information about the Fund in its public filings available at www.sedarplus.ca. The indicated rates of return are the historical annual compounded total returns including changes in share value and reinvestment of all distributions and does not take into account sales, redemption, distribution or optional charges or income tax payable by any securityholder that would have reduced returns. Investment funds are not guaranteed, their values change frequently and past performance may not be repeated.

    Certain statements contained in this document constitute forward-looking information within the meaning of Canadian securities laws. Forward-looking information may relate to matters disclosed in this document and to other matters identified in public filings relating to the Fund, to the future outlook of the Fund and anticipated events or results and may include statements regarding the future financial performance of the Fund. In some cases, forward-looking information can be identified by terms such as “may”, “will”, “should”, “expect”, “plan”, “anticipate”, “believe”, “intend”, “estimate”, “predict”, “potential”, “continue” or other similar expressions concerning matters that are not historical facts. Actual results may vary from such forward-looking information. Investors should not place undue reliance on forward-looking statements. These forward-looking statements are made as of the date hereof and we assume no obligation to update or revise them to reflect new events or circumstances.

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

    The MIL Network –

  • MIL-OSI: FRO – First Quarter 2025 Results

    Source: GlobeNewswire (MIL-OSI)

    FRONTLINE PLC REPORTS RESULTS FOR THE FIRST QUARTER ENDED MARCH 31, 2025

    Frontline plc (the “Company”, “Frontline,” “we,” “us,” or “our”), today reported unaudited results for the three months ended March 31, 2025:

    Highlights 

    • Profit of $33.3 million, or $0.15 per share for the first quarter of 2025.
    • Adjusted profit of $40.4 million, or $0.18 per share for the first quarter of 2025.
    • Declared a cash dividend of $0.18 per share for the first quarter of 2025.
    • Reported revenues of $427.9 million for the first quarter of 2025.
    • Achieved average daily spot time charter equivalent earnings (“TCEs”)1 for VLCCs, Suezmax tankers and LR2/Aframax tankers in the first quarter of $37,200, $31,200 and $22,300 per day, respectively.
    • Entered into three senior secured credit facilities in February 2025 for a total amount of up to $239.0 million to refinance the outstanding debt on three VLCCs and one Suezmax tanker maturing in 2025 and, in addition, provide revolving credit capacity in a total amount of up to $91.9 million.
    • Entered into one senior secured term loan facility in April 2025 in an amount of up to $1,286.5 million to refinance the outstanding debt on 24 VLCCs approximately three and a half years prior to maturity to reduce the margin.

    Lars H. Barstad, Chief Executive Officer of Frontline Management AS, commented:

    “The first quarter of 2025 came in line with the previous quarter, somewhat muted relative to the economic and political backdrop during the period. In times of uncertainty, it’s comforting to operate in an industry that maintains business as usual, transporting oil and products around the world at a steady pace. Utilization on the larger ships has improved during the quarter and with continued pressure and enforcement on sanctioned trades, we have seen healthy developments in activity across the segments that Frontline deploys. Fleet growth remains slow, and ordering has again stalled, continuing to support the long-term fundamental story for tankers, where Frontline is ideally positioned with its cost-focused business model and spot-exposed, modern fleet.”

    Inger M. Klemp, Chief Financial Officer of Frontline Management AS, added:

    “Through our refinancings in 2025, we have further strengthened our strong liquidity, leaving the Company with no meaningful debt maturities until 2030, and further reduced our borrowing costs and cash breakeven rates. We continue to focus on maintaining our competitive cost structure, breakeven levels and solid balance sheet to ensure that we are well positioned to generate significant cash flow and create value for our shareholders.”

    Average daily TCEs and estimated cash breakeven rates

    ($ per day) Spot TCE Spot TCE currently contracted % Covered Estimated average daily cash breakeven rates for the next 12 months
      Q1 2025 Q4 2024 2024 Q2 2025  
    VLCC 37,200 35,900 43,400 56,400 68% 29,700
    Suezmax 31,200 33,300 41,400 44,900 69% 24,300 
    LR2 / Aframax 22,300 26,100 42,300 36,100 66% 23,300

    We expect the spot TCEs for the full second quarter of 2025 to be lower than the spot TCEs currently contracted, due to the impact of ballast days during the second quarter of 2025. See Appendix 1 for further details.

    The Board of Directors
    Frontline plc
    Limassol, Cyprus
    May 22, 2025

    Ola Lorentzon – Chairman and Director
    John Fredriksen – Director
    James O’Shaughnessy – Director
    Steen Jakobsen – Director
    Cato Stonex – Director
    Ørjan Svanevik – Director
    Dr. Maria Papakokkinou – Director

    Questions should be directed to:

    Lars H. Barstad: Chief Executive Officer, Frontline Management AS
    +47 23 11 40 00

    Inger M. Klemp: Chief Financial Officer, Frontline Management AS
    +47 23 11 40 00

    Forward-Looking Statements

    Matters discussed in this report may constitute forward-looking statements. The Private Securities Litigation Reform Act of 1995 provides safe harbor protections for forward-looking statements, which 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.

    Frontline plc and its subsidiaries, or the Company, desires to take advantage of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and is including this cautionary statement in connection with this safe harbor legislation. This report and any other written or oral statements made by us or on our behalf may include forward-looking statements, which reflect our current views with respect to future events and financial performance and are not intended to give any assurance as to future results. When used in this document, the words “believe,” “anticipate,” “intend,” “estimate,” “forecast,” “project,” “plan,” “potential,” “will,” “may,” “should,” “expect” and similar expressions, terms or phrases may identify forward-looking statements.

    The forward-looking statements in this report are based upon various assumptions, including without limitation, management’s examination of historical operating trends, data contained in our records and data available from third parties. Although we believe 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, we cannot assure you that we will achieve or accomplish these expectations, beliefs or projections. We undertake no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.

    In addition to these important factors and matters discussed elsewhere herein, 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;
    • fluctuations in currencies and interest rates, including inflationary pressures and central bank policies intended to combat overall inflation and high interest rates and foreign exchange rates;
    • the impact that any discontinuance, modification or other reform or the establishment of alternative reference rates have on the Company’s floating interest rate debt instruments;
    • general market conditions, including fluctuations in charter hire rates and vessel values;
    • changes in the supply and demand for vessels comparable to ours and the number of newbuildings under construction;
    • the highly cyclical nature of the industry that we operate in;
    • the loss of a large customer or significant business relationship;
    • changes in worldwide oil production and consumption and storage;
    • changes in the Company’s operating expenses, including bunker prices, dry docking, crew costs and insurance costs;
    • planned, pending or recent acquisitions, business strategy and expected capital spending or operating expenses, including dry docking, surveys and upgrades;
    • risks associated with any future vessel construction;
    • our expectations regarding the availability of vessel acquisitions and our ability to complete vessel acquisition transactions as planned;
    • our ability to successfully compete for and enter into new time charters or other employment arrangements for our existing vessels after our current time charters expire and our ability to earn income in the spot market;
    • availability of financing and refinancing, our ability to obtain financing and comply with the restrictions and other covenants in our financing arrangements;
    • availability of skilled crew members and other employees and the related labor costs;
    • work stoppages or other labor disruptions by our employees or the employees of other companies in related industries;
    • compliance with governmental, tax, environmental and safety regulation, any non-compliance with U.S. or European Union regulations;
    • the impact of increasing scrutiny and changing expectations from investors, lenders and other market participants with respect to our Environmental, Social and Governance policies;
    • Foreign Corrupt Practices Act of 1977 or other applicable regulations relating to bribery;
    • general economic conditions and conditions in the oil industry;
    • effects of new products and new technology in our industry, including the potential for technological innovation to reduce the value of our vessels and charter income derived therefrom;
    • new environmental regulations and restrictions, whether at a global level stipulated by the International Maritime Organization, and/or imposed by regional or national authorities such as the European Union or individual countries;
    • vessel breakdowns and instances of off-hire;
    • the impact of an interruption in or failure of our information technology and communications systems, including the impact of cyber-attacks upon our ability to operate;
    • risks associated with potential cybersecurity or other privacy threats and data security breaches;
    • potential conflicts of interest involving members of our Board of Directors and senior management;
    • the failure of counter parties to fully perform their contracts with us;
    • changes in credit risk with respect to our counterparties on contracts;
    • our dependence on key personnel and our ability to attract, retain and motivate key employees;
    • adequacy of insurance coverage;
    • our ability to obtain indemnities from customers;
    • changes in laws, treaties or regulations;
    • the volatility of the price of our ordinary shares;
    • our incorporation under the laws of Cyprus and the different rights to relief that may be available compared to other countries, including the United States;
    • changes in governmental rules and regulations or actions taken by regulatory authorities;
    • government requisition of our vessels during a period of war or emergency;
    • potential liability from pending or future litigation and potential costs due to environmental damage and vessel collisions;
    • the arrest of our vessels by maritime claimants;
    • general domestic and international political conditions or events, including “trade wars”;
    • any further changes in U.S. trade policy that could trigger retaliatory actions by the affected countries;
    • potential disruption of shipping routes due to accidents, environmental factors, political events, public health threats, international hostilities including the war between Russia and Ukraine and possible cessation of such war, the conflict between Israel and Hamas and related conflicts in the Middle East, the Houthi attacks in the Red Sea and the Gulf of Aden, acts by terrorists or acts of piracy on ocean-going vessels;
    • the impact of restriction on trade, including the imposition of tariffs, port fees and other import restrictions by the United States on its trading partners and the imposition of retaliatory tariffs by China and the EU on the United States, and potential further protectionist measures and/or further retaliatory actions by others, including the imposition of tariffs or penalties on vessels calling in key export and import ports such as the United States, EU and/or China;
    • the length and severity of epidemics and pandemics and their impact on the demand for seaborne transportation of crude oil and refined products;
    • the impact of port or canal congestion;
    • business disruptions due to adverse weather, natural disasters or other disasters outside our control; and
    • other important factors described from time to time in the reports filed by the Company with the Securities and Exchange Commission.

    We caution readers of this report not to place undue reliance on these forward-looking statements, which speak only as of their dates. These forward-looking statements are no guarantee of our future performance, and actual results and future developments may vary materially from those projected in the forward-looking statements.

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

    1 This press release describes Time Charter Equivalent earnings and related per day amounts and spot TCE currently contracted, which are not measures prepared in accordance with IFRS (“non-GAAP”). See Appendix 1 for a full description of the measures and reconciliation to the nearest IFRS measure.

    Attachment

    The MIL Network –

  • MIL-OSI: Security Federal Announces Cash Dividend

    Source: GlobeNewswire (MIL-OSI)

    AIKEN, S.C., May 22, 2025 (GLOBE NEWSWIRE) — Security Federal Corporation, parent company of Security Federal Bank, is pleased to announce that a quarterly dividend of $0.15 per share will be paid on or about June 15, 2025, to shareholders of record as of May 31, 2025.   

    This is the one hundred thirty-eighth consecutive quarterly dividend to shareholders since the Bank’s conversion in October of 1987 from a mutual to a stock form of ownership. The dividend was declared as a result of the Bank’s continued profitability.

    Security Federal Bank has nineteen full-service branch locations in Aiken, Ballentine, Clearwater, Columbia, Graniteville, Langley, Lexington, North Augusta, Ridge Spring, Wagener and West Columbia, South Carolina and Augusta and Evans, Georgia. A full range of financial services, including trust and investments, are provided by the Bank, and insurance services are provided by the Bank’s wholly owned subsidiary, Security Federal Insurance, Inc.

    Security Federal Corporation common stock is traded on the Over-the-Counter Bulletin Board under the symbol SFDL.

    The MIL Network –

  • MIL-OSI: YourOwn Partners with Hoseki to Verify Bitcoin Ownership, Redefining Financial Identity

    Source: GlobeNewswire (MIL-OSI)

    SAN FRANCISCO, May 22, 2025 (GLOBE NEWSWIRE) —  YourOwn has partnered with Hoseki to launch integrated Bitcoin verification within its financial identity wallet, enabling users to prove and utilize crypto holdings alongside traditional assets. This innovation bridges traditional finance (TradFi) and decentralized finance (DeFi), establishing a unified, verifiable, and secure financial identity.

    By embedding Hoseki’s proof-of-ownership service, YourOwn empowers individuals and institutions to manage traditional and digital assets on a single, trusted platform. Bitcoin is no longer siloed—it’s treated as a core financial primitive, ready for lending, planning, and tax workflows.

    “This is a turning point for financial identity,” said Sam Abbassi, CEO of Hoseki. “Together with YourOwn, we’re delivering infrastructure that makes digital assets verifiable, usable, and powerful within traditional finance.”

    Pioneering Financial Identity

    YourOwn lets users consolidate bank accounts, brokerage portfolios, tax records, and now verified crypto holdings in one encrypted wallet—ready to share with lenders, advisors, or institutions in seconds. This integration responds to a shift in expectations: investors increasingly demand that digital assets be as usable as any other part of their balance sheet.

    With over 10,000 downloads and a growing marketplace—including Coinbase, Gemini, H&R Block, Trust & Will, and Consumers Credit Union—YourOwn is becoming essential infrastructure for the financial ecosystem.

    Key Capabilities

    Unified View Across Assets
    Aggregate banking, investment, tax, and crypto data in real time with secure APIs and user-controlled sharing.

    Bitcoin-Backed Lending
    Verified crypto holdings become trusted collateral for faster, better-priced loans.

    Holistic Financial Planning
    Advisors gain a full portfolio view, enabling tax-smart strategies and wealth plans.

    Institutional-Grade Security
    Built on zero-trust architecture and BIP standards to meet open finance requirements.

    Why It Matters

    As trusted institutions offer crypto services, verifiable ownership is becoming table stakes. Hoseki’s verification service—now live inside YourOwn—delivers cryptographic attestations with no screenshots or spreadsheets.

    About YourOwn

    YourOwn is a next-generation financial identity platform that lets users control and share verified data with banks, lenders, and advisors—securely and seamlessly. We offer subscription and embedded solutions for financial institutions and wallet providers. YourOwn is a U.S. veteran-owned business.

    About Hoseki

    Hoseki is building a more connected financial world where Bitcoin is the global monetary standard and proving reserves is secure and seamless. As the industry leader in crypto asset verification, Hoseki provides white-label APIs for real-time proof-of-ownership to institutions and consumers across regulated workflows.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/88f762f2-675e-4d1a-aa8b-c5ccf3017cda

    The MIL Network –

  • MIL-OSI: Terra’s 2025 Vision Puts AI, Affordability, and Ecosystem Connectivity at the Center of Workers’ Comp Innovation

    Source: GlobeNewswire (MIL-OSI)

    COLLEGE STATION, Texas, May 22, 2025 (GLOBE NEWSWIRE) — Terra, the cloud-native platform redefining Workers’ Compensation software, today announced its bold 2025 roadmap—spotlighting new AI innovations, a radically fair pricing model, and seamless partner integrations. With transformative updates rolling out across claims and policy management, Terra is delivering what the industry has long lacked: true efficiency, simplicity, and transparency.

    Terra continues to expand its powerful suite of solutions, including Claims Management, Policy Administration, Claims Benchmarking, Connect Marketplace, and Compliance Management. These solutions are designed to simplify operations for stakeholders across the insurance and risk management ecosystem, such as Third-Party Administrators (TPAs), Carriers, Self-Insured Funds and Groups (SIFs and SIGs), Captives, Managing General Agents (MGAs), and Medical Service Providers.

    A standout differentiator for Terra is its Terra Connect functionality, a built-in marketplace that seamlessly links clients with leading service providers. This eliminates integration barriers and enables frictionless coordination across medical, legal, compliance, and ancillary vendors. This embedded ecosystem enables faster claim handling, streamlined workflows, and better outcomes.

    Announcing his vision for 2025 and beyond, James Benham, CEO and Co-Founder of Terra, stated, “Our AI capabilities are already making a substantial impact by enhancing efficiency and streamlining the claims process for our clients, but this is just the beginning. With features like OCR that auto-populates compliance forms and AI-generated claim note summaries already in action, our clients are saving hours on administrative tasks every week. We are developing novel AI tools that will elevate operational efficiency and decision-making to new levels. We also have key AI partnerships in the pipeline that will strengthen our core platform with best-in-class functionality across automation, fraud detection, and predictive analytics.”

    To that end, Terra has introduced a pricing model that disrupts legacy norms:

    • No setup fees
    • No long-term contracts
    • Flexible, month-to-month pricing based on claims volume (for claims) or gross written premium (for policy)

    Unlike legacy systems that rely on cumbersome processes, Terra’s cloud-native, AI-powered platform centralizes workflows, integrates seamlessly with payment systems and ancillary services, and delivers real-time reporting and analytics. This evolution demonstrates Terra’s commitment to providing forward-thinking solutions that address pain points such as manual interventions, security concerns, and the limitations of outdated systems.

    As Terra progresses on its 2025 roadmap, clients can expect a steady cadence of product rollouts throughout 2025, including deeper AI integrations, advanced risk-scoring features, and more intelligent automations across claims and policy operations.

    The company’s “Don’t Pay Until You’re Live” guarantee further cements its dedication to client success by eliminating financial risk during implementation.

    Explore the full roadmap and see Terra in action—Request a personalized demo here or go to http://terra.insure.

    About Terra

    Terra is a cloud-native platform transforming Workers’ Compensation claims and policy management. By streamlining operations, centralizing workflows, and integrating with critical systems, Terra delivers cutting-edge solutions designed to improve efficiency, reduce costs, and enhance overall management for TPAs, Carriers, SIFs, SIGs, Captives, MGAs, and Medical Service Providers.

    Media Contact
    Girish Jaggi
    The MicDrop Agency
    +1 (289) 623 3627
    girish@thmicdropagency.com

    The MIL Network –

  • MIL-OSI: LambdaTest Launches SmartUI MCP Server to Bring Human-Like Intelligence to Visual Testing

    Source: GlobeNewswire (MIL-OSI)

    San Francisco, CA, May 22, 2025 (GLOBE NEWSWIRE) — LambdaTest, a unified agentic AI and cloud engineering platform, has introduced the SmartUI MCP Server, a revolutionary approach to visual regression testing that blends AI-native automation with human-like intelligence. Unlike traditional visual testing tools that rely solely on pixel comparison, the SmartUI MCP Server evaluates UI changes based on real-world user experience, identifying what matters, why it matters, and how to resolve it.

    Designed to simulate how a real user perceives visual changes using cognitive and Gestalt principles, the SmartUI MCP Server helps teams catch subtle yet critical design inconsistencies that often slip past in an automated pixel-to-pixel comparison. From detecting layout shifts and visual regressions to providing contextual root cause analysis, and recommending practical, minimal-effort code fixes that developers can implement immediately. The SmartUI MCP server transforms the debugging process into a seamless, intelligent experience.

    By simulating cognitive models of visual interpretation, the SmartUI MCP Server can discern whether a difference is significant to users or simply cosmetic. It doesn’t just point out changes, it explains them and recommends precise, context-aware solutions. Developers benefit from rapid, multi-layered analysis spanning pixel data, layout structure, DOM attributes, and perceptual shifts, enabling faster resolution without guesswork.

    With developer-ready outputs and intuitive insights, SmartUI MCP Server turns visual QA into a proactive process. It empowers teams to maintain high-quality interfaces that not only look right, but feel right, to the end user.

    “Great visual experiences aren’t defined by what machines catch they’re defined by what users notice,” said Asad Khan, CEO of LambdaTest. “The SmartUI MCP Server brings a Human-Like Interpretation into visual debugging, helping teams not only detect UI issues but understand them in context. Elevating SmartUI to become more than a visual testing tool – helping teams with a smarter way to build interfaces that feel right at first glance.”

    The SmartUI MCP Server sets a new benchmark in test automation by integrating AI assistants directly into the testing workflow. This innovation enables development teams to spot, interpret, and resolve UI issues faster and more intelligently than ever before.

    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: Silvercrest Asset Management Group Appoints Van Martin as Head of U.S. Consultant Relations

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, May 22, 2025 (GLOBE NEWSWIRE) — Silvercrest Asset Management Group (NASDAQ: SAMG) is pleased to announce the appointment of Van Martin as Head of U.S. Consultant Relations. In this role, Mr. Martin will oversee the firm’s initiatives to strengthen its partnerships with new and existing institutional investors, deepen consultant relationships, and expand the growth of Silvercrest’s institutional business in the U.S.

    Since joining Silvercrest in 2014, Mr. Martin has been instrumental in expanding the firm’s intermediary and institutional client base, building relationships with broker-dealers, consulting firms, and key U.S.-based institutional investors. As a Partner and Managing Director at Silvercrest, Mr. Martin brings over a decade of experience and a deep understanding of the firm’s U.S.-based investment capabilities.

    Allen Gray, Global Head of Silvercrest’s Institutional Business, remarked, “We are immensely proud of Van’s contributions and his longstanding collaboration with our U.S.-focused equity investment teams over the past 11 years. We are very pleased to have Van leading our Consultant Relations efforts in the U.S. Marketplace.”

    Mr. Martin is based in the firm’s headquarters in New York City and will report to Allen Gray, Global Head of Silvercrest’s Institutional Business. The team will leverage their combined experience and market knowledge to optimize consultant and client activities, ensuring the best outcomes for institutional clients both in the U.S. and around the globe.

    “I am thrilled to lead Silvercrest’s U.S. institutional consultant relations efforts,” Mr. Martin commented. “I look forward to working with our clients and partners to strengthen our relationships and build upon Silvercrest’s legacy of delivering an exceptional client experience through the high-quality expertise of our talented investment teams.”

    About Van Martin

    Van Martin is a Managing Director and Head of U.S. Consultant & Client Relations, focusing on Silvercrest’s Institutional Asset Management business. Prior to joining Silvercrest in 2014, Mr. Martin held various roles in the Equity Capital Markets division of Sterne Agee & Leach (now Stifel Nicolaus), where he served as an Associate on the Institutional Equity Sales & Trading desk and later as the Associate Director of the newly formed Equity Product Management desk. A native of Memphis, Tennessee, Mr. Martin attended the University of Mississippi, where he graduated with a B.A. in Managerial Finance, a B.A. in Banking & Commerce, and a Minor in Real Estate Finance.

    About Silvercrest Asset Management

    Silvercrest was founded in April 2002 as an independent, employee-owned registered investment adviser. With offices in New York, Boston, Virginia, Atlanta, New Jersey, California, Wisconsin, and Singapore, Silvercrest provides traditional and alternative investment advisory and family office services to wealthy families and select institutional investors. As of March 31, 2025, the firm reported assets under management of $34.3 billion.

    Contact:
    J. Allen Gray
    Managing Director, Head of Institutional Business
    212-649-0765
    agray@silvercrestgroup.com

    The MIL Network –

  • MIL-OSI: Infini Introduces Lowest Fees in Platform History for Stablecoin Transactions

    Source: GlobeNewswire (MIL-OSI)

    Infini slashes card fees to 0.1%, edges closer to a 0% stablecoin payment future

    HONG KONG, May 22, 2025 (GLOBE NEWSWIRE) — Infini, the next-generation Pay-Fi platform for stablecoin-based payments and financial services, today announced that its flagship Infini Global Card now offers a reduced transaction fee of just 0.1%, applicable to all users worldwide. This milestone marks the lowest fee tier in the platform’s history and brings it significantly closer to its long-term mission: making stablecoin payments feel free.

    Full compensation delivered within hours

    Earlier this year, Infini faced a significant security incident — an event that could have shattered user confidence.

    Instead, the founding team responded with unprecedented speed and transparency, publicly committing to and delivering full compensation to affected users within hours.

    “True trust is forged in crisis,” said Christian Li, Founder of Infini, “We didn’t wait to react — we chose to act. And our users stood by us because we stood by them.”

    Since then, Infini has implemented multi-layered upgrades to its custody architecture, partnered with leading security auditors, and established a resilient compliance and risk control system. The result? Continued growth, stronger infrastructure, and a community that believes more than ever.

    Card volume growth drives lower fees

    This foundational trust has enabled Infini to accelerate its roadmap.

    “This is exactly why we built the Infini Flywheel,” said Christian Li, Founder of Infini. “As an active node within the Visa and Mastercard networks, the more transaction volume we drive, the more cashback and network incentives we unlock. But instead of keeping those margins, we pass them directly back to users — by lowering fees. That engine is now accelerating.”

    Infini’s model has seen rapid growth across emerging markets like Latin America and Southeast Asia, where users are increasingly seeking low-cost, globally usable crypto payment tools amid rising inflation. As user spending continues to rise, Infini expects platform-level earnings to further improve, making a true 0% fee structure achievable in the near future.

    “No one should be penalized for using their own money,” said Christine, Co-founder of Infini, “That’s why we’re building a future where payments are fair, global, and practically free.”

    Daily yield automatically accrued

    In addition to lower fees, Infini also offers users effortless earnings on stablecoin balances. Funds held in Infini accounts accrue daily yield automatically — no action required.

    Earnings are calculated and distributed every day, creating a seamless blend of saving and spending in one place.

    Spend anywhere

    Since its launch, the Infini Global Card has allowed users to spend stablecoins like USDT and USDC globally via Apple Pay, Google Pay, PayPal, Alipay, and other major wallets. All transactions benefit from zero conversion fees, real-time FX settlement, and automatic daily yield generation — transforming stablecoin balances into productive capital, even while spending.

    In markets with high FX volatility, Infini has even observed what users call a “negative fee effect” — where the USD equivalent deducted during a transaction was lower than the local fiat equivalent at spot rate. This unexpected bonus reflects the real-world advantage of Infini’s 0% conversion fee and instant-settlement architecture over traditional payment rails.

    About Infini

    Infini is a next-generation Pay-Fi platform connecting stablecoin savings with real-world payments. Users can deposit stablecoins like USDT and USDC to earn daily yield and spend them directly via Infini’s virtual or physical cards, accepted globally through Visa and Mastercard networks. With full support for Apple Pay, Google Pay, PayPal, and Alipay, Infini offers a seamless bridge between DeFi earnings and everyday life.

    With over 50,000 active users and growing rapidly, Infini is expanding into new markets while continuing to lower costs, improve security, and introduce support for more currencies and payment scenarios.

    Website: https://infini.money
    Twitter / X: https://x.com/0xInfini

    Media Contact
    Valerio Li
    Head of Marketing
    media@infini.money

    Disclaimer: This is a paid post and is provided by Infini. 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/c4e2c2d0-69d9-46d9-81f1-9dd1681536d3

    The MIL Network –

  • MIL-OSI: XRP Whales Focus Attention to Nimanode’s $NMA Token Presale – No Code AI Agents on XRP Ledger

    Source: GlobeNewswire (MIL-OSI)

    LEEDS, United Kingdom, May 22, 2025 (GLOBE NEWSWIRE) — Nimanode, the pioneering platform merging artificial intelligence and the XRP Ledger is pleased to announce the kick off of their $NMA token presale which commenced on 22nd May 2025, 3pm UTC and is slated to run for a 30 day window.

    As interest in XRP grows, recently fueled by its inclusion in the U.S. Strategic Crypto Reserve and rising institutional adoption projects building on XRPL are in the spotlight.

    JOIN $NMA PRESALE

    Nimanode is positioning itself at the intersection of artificial intelligence and decentralized technology. While much of the Web3 space remains focused on static smart contracts, Nimanode introduces something radically different: autonomous AI agents that users can build, deploy, and monetize — with zero coding required.

    What’s so Special about Nimanode?

    They boast of a suite of AI agents that can be deployed all from a no-code interface

    Web3 Customer Support Agents – Deployment AI agents 24/7 Web3-based customer support

    DeFi Autopilot Agent – AI Agents that not only trade but research, analyse and present optimal APY for its users

    Risk Assessment Agent – Designed to safeguard users by analyzing every dApp or token address a user interacts with.

    Why Whale’s are Scooping $NMA

    With a deliberately limited supply of just 200 million tokens, $NMA’s tokenomics are designed to reward early adopters and its ecosystem participants. Positioned at the core of Nimanode’s decentralized infrastructure, the token offers holders access to staking rewards, governance participation, and revenue-sharing opportunities.

    Holding the $NMA Token unlocks the full potential of the ecosystem, including:

    Agent Deployment – Reduced fees for launching agents when holding a minimum $NMA balance

    Agent Marketplace – Use $NMA to access premium agents or receive exclusive discounts

    Staking Benefits – Stake $NMA to earn passive income through the platform’s reward pool

    Governance Access – Participate in protocol decisions and vote on proposals that shape Nimanode’s future

    Buy $NMA Token

    How To Join The Nimanode Presale

    Here’s how you can participate:

    1. Buy XRP from reputable exchanges like Binance, Coinbase, or Bybit
    2. Send them to an XRP Compatible Wallet (Xaman recommended) to hold your purchased XRP.
    3. Go to Nimanode’s presale page, copy the deposit address, and send your XRP to it.
    4. Receive your tokens via airdrop 24 hours after the presale concludes.

    Act Now, Don’t Miss Out

    The market is heating up. BTC is hitting new highs. But the smartest investors aren’t just riding waves, they’re positioning for what powers the next one.

    AI isn’t coming — it’s already here, and Nimanode gives you the keys to deploy it.

    Get your $NMA while it’s still early.

    JOIN THE PRESALE | TWITTER | TELEGRAM | WHITEPAPER

    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/7f14cb92-88e8-4539-8a6e-2c5e55cf6723

    The MIL Network –

  • MIL-OSI: XRP News: XenDex Presale Ends in 6 Days, Buy $XDX And Don’t Miss Out on XRP’s Fastest-Growing Decentralized Exchange With Lending & Borrowing Feature

    Source: GlobeNewswire (MIL-OSI)

    SYDNEY, May 22, 2025 (GLOBE NEWSWIRE) — As the crypto world continues to turn its attention toward the XRP Ledger, one project is rising fast, XenDex. With only 6 days remaining in its presale, time is running out for investors to buy $XDX tokens at pre-launch pricing before the token is listed on major exchanges like Binance, Gate.io, MEXC, BitMart, FirstLedger, and MagneticX.

    Read on to learn why XenDex is creating so much excitement across the XRP community.

    What is XenDex On XRP Blockchain?

    Purchase $XDX At A low Price & Earn Rewards

    XenDex is the first all-in-one decentralized exchange (DEX) built specifically for the XRP Ledger. It combines fast, secure trading with advanced features previously missing from XRPL, all within a user-friendly interface. It’s built to be scalable, efficient, and inclusive for both beginners and professional traders.

    Features and Problems XenDex Aims to Solve on XRP Ledger

    Until now, XRPL lacked key DeFi tools such as:

    • Lending & borrowing
    • AI copy trading
    • Cross-chain interoperability
    • DAO governance

    XenDex is solving these limitations with its feature-rich platform, designed to empower the XRP community with the full functionality expected in modern DeFi.

    Advantages of $XDX

    Holding $XDX, the native utility token of XenDex, comes with powerful benefits:

    • Governance and voting rights
    • Staking rewards and yield farming
    • Discounted fees on the platform
    • Early access opportunities, exclusive to XDX holders

    Where Can I Trade $XDX?

    After the presale, $XDX will be listed and traded on top exchanges including Binance, Gate.io, BitMart, MEXC, MagneticX, and FirstLedger. The project team assures a good increment in $XDX price upon listing.

    Buy $XDX Now Before Listing On Binance

    Is XenDex a Legit Project on XRP?

    Yes. XenDex is built transparently with a passionate, crypto-native team. The platform is undergoing smart contract audits to ensure security and reliability before its launch. It is an XRP based crypto project that aims to bring various features live on the Ripple ledger, and aims to become the best DEX on Ripple blockchain.

    How Do I Buy $XDX?

    Visit https://xendex.net/presale, connect your XRP-compatible wallet (e.g., Xaman), and contribute a minimum of 150 XRP. Current rate: 1.25 XRP = 10 XDX. For more information on how to buy $XDX, please visit https://tinyurl.com/k3e75va9

    XenDex Presale Details

    • Soft Cap: Filled
    • Hard Cap: Almost Filled
    • Presale Ends: In 6 days
    • Presale Rate: 150 XRP = 1200 $XDX

    Join XenDex Community

    Stay connected and informed:

    Website: xendex.net
    Presale: xendex.net/presale
    Telegram: t.me/xendexcommunity
    Twitter/X: x.com/xendex_xrp
    Docs: xdxdocs.gitbook.io

    Contact:
    Frank Richards
    Frank@xendex.net

    Disclaimer: This is a paid post provided by XenDex. 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/d9a647a2-6389-46e2-9cf6-0df4a01213bb

    The MIL Network –

  • MIL-OSI: Urbana Corporation Congratulates the Canadian Securities Exchange on its Acquisition of the National Stock Exchange of Australia

    Source: GlobeNewswire (MIL-OSI)

    /NOT FOR DISTRIBUTION TO U.S. WIRE SERVICES
    OR FOR DISSEMINATION IN THE U.S./

    TORONTO, May 22, 2025 (GLOBE NEWSWIRE) — Urbana Corporation (“Urbana” or the “Corporation”) (TSX and CSE: URB, URB.A) congratulates CSNX Markets Inc. (“CSE”) on its entering into an agreement with the NSX Limited (“NSX”) to acquire the NSX, owner of the National Stock Exchange of Australia (“NSXA”) in an all-cash transaction (the “Transaction”).

    This acquisition will enable the CSE to expand its geographic footprint by partnering with an exchange that has a similar focus and culture. Like the CSE, the NSXA is primarily focused on early stage, entrepreneurial companies, with particular strength in the resource sector. The NSXA is positioned to disrupt a market currently dominated by an incumbent, legacy exchange, as the CSE was over 20 years ago.

    “This transaction enables the CSE to expand its reach and builds on our success in attracting global listings,” said Richard Carleton, CEO of the CSE. “Through our 21-year history, the CSE has grown to more than 750 listings by focusing on and supporting entrepreneurial companies. The NSXA, working with us, is poised to execute a similar plan in Australia.”

    The transaction is subject to the approval of the CSE shareholders, the NSX shareholders, the Australian court, and the Australian Securities and Investments Commission. On the assumption that the transaction is approved, it is expected to close in the third quarter of 2025.

    Urbana is a major shareholder of CNSX Markets Inc., which operates the CSE.

    About Urbana

    Urbana Corporation is a diversified corporation with a focus on financial services, information services and innovative technologies. The long-term goal of Urbana is to seek and acquire investments for income and capital appreciation through a combination of public and private investments. The portfolio mix of actively managed publicly traded securities with private equity investments has generated significant long-term investment results. For more information, visit www.urbanacorp.com.

    For further information contact:
    Elizabeth Naumovski
    Investor Relations
    (416) 595-9106      enaumovski@urbanacorp.com

    Certain statements in this news release constitute “forward-looking” statements that involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Urbana to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Unless required by applicable securities law, Urbana does not assume any obligation to update these forward-looking statements.

    The MIL Network –

  • MIL-OSI: Regimen Equity Partners Closes $24 Million Fundraising Round and Surpasses $200 Million in AUM

    Source: GlobeNewswire (MIL-OSI)

    VANCOUVER, British Columbia, May 22, 2025 (GLOBE NEWSWIRE) — Regimen Equity Partners (“Regimen”), a private equity firm specializing in acquiring and growing small to mid-sized Canadian businesses, today announced the successful completion of its latest fundraising round, raising $24 million— significantly surpassing its original $10 million target. This oversubscription reflects the strong demand for investment in Regimen’s long-hold strategy and innovative investment structure, which focuses on transforming profitable businesses into industry leaders over decades. The closing of this round brings assets under management to over $200 million.

    Given the high level of investor interest and the investment opportunities currently being pursued, Regimen will be reopening the fund in June 2025.

    The fundraising round, which took place over the first quarter of 2025, closed well ahead of schedule. The amount raised in the quarter represents the highest amount Regimen has raised in a single fundraising round, further building on the firm’s track record of securing capital. Regimen’s prior annual fundraising record was $15 million.

    “We are thrilled by the response from investors,” said Cooper Seeman, Managing Director at Regimen Equity Partners. “We had been planning on six months of fundraising and met our needs in just two months. This is a clear signal of the confidence investors have in our ability to execute our strategy and deliver long-term value. The success of this raise, especially in the face of potential economic headwinds like U.S. tariff uncertainty, underscores the quality and resilience of our portfolio, the strength of our team and our demonstrated investment discipline.”

    Regimen has a history of generating strong returns for its investors: its most recent 1-year performance ranged from 15.1% to 21.7%, and its 3-year average performance was 14.5% to 24.3%, depending on the class of limited partnership unit. Regimen’s unique model offers flexibility, diversification, and the potential for long-term capital appreciation, positioning it as an attractive option for accredited investors seeking exposure to private equity.

    About Regimen

    Regimen Equity Partners is a private equity firm specializing in the ownership transition of small to mid-size Canadian businesses. By partnering with skilled executives, Regimen transforms profitable companies into industry leaders through strategic acquisitions and operational best practices. With offices in Vancouver and Toronto, Regimen focuses on long-term, sustainable growth. For more information, please visit www.regimenpartners.com.

    Contact:

    Nancy Brown,
    Regimen Equity Partners
    Email: info@regimenpartners.com

    The MIL Network –

  • MIL-OSI: Xpres Spa Elevates the Travel Experience with New Wellness Benefits for Priority Pass Members

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, May 22, 2025 (GLOBE NEWSWIRE) — XWELL, Inc. (Nasdaq: XWEL) (“XWELL” or the “Company”), a leading provider of wellness solutions for people on the go, today announced the expansion of its partnership with Priority Pass, the world’s original airport experiences program. Through this expanded collaboration, Priority Pass members will now have access to a broader menu of wellness services at spa locations across the United States.

    “Through our partnership with Priority Pass, we’re expanding access to best-in-class wellness services that meet the evolving needs of today’s travelers,” said XWELL Chief Executive Officer Ezra Ernst. “This collaboration not only enhances the airport experience but also introduces our spa offerings to a new audience seeking a convenient way to decompress, rejuvenate, and continue their journeys feeling refreshed.”

    The offering is part of XWELL’s continued mission to integrate restorative experiences into the travel journey—making moments of comfort and care more accessible for frequent flyers. Designed to reduce stress and support wellbeing, these services help turn airport time into a meaningful pause for physical and mental recharge.

    Priority Pass members will now be able to experience:

    • Zero-Gravity Massage Chairs – Deep relaxation through acupressure and weightless positioning
    • HydroMassage – Customizable massage for stress relief and muscle recovery
    • Relaxation Loungers – Self-guided comfort with personalized massage settings
    • CERAGEM Therapeutic Massager – Patented technology designed to relieve pain and improve circulation
    • Chakra Bed – Integrating soothing heat with chakra-aligning gemstones for full-body balance

    These offerings vary by Xpres Spa locations across the US, with select services offered at all stores—excluding Austin-Bergstrom International Airport (AUS).

    For more information and a full list of participating locations, visit www.xpresspa.com.

    About XWELL, Inc.
    XWELL, Inc. (Nasdaq: XWEL) is a leading global wellness holding company operating multiple brands: Xpres Spa®, Naples Wax Center®, XpresCheck® and HyperPointe™.  

    • Xpres Spa is a leading retailer of wellness services and related products.
    • Naples Wax Center is a group of upscale skin care boutiques. 
    • XpresCheck, in partnership with the CDC and Ginkgo Biosecurity, conducts biosurveillance monitoring in its airport locations to identify new SARS-CoV-2 variants of interest and concern as well as other pathogens entering the country from across the world. 
    • HyperPointe is a leading digital healthcare and data analytics relationship company serving the global healthcare industry. 

    About Priority Pass
    Priority Pass is the world’s original and market-leading airport experiences programme. We provide travellers with access to over 1,600 airport lounges and travel experiences in over 650 airports in 148 countries. Members can access an ever-growing range of premium experiences – from spas to sleeping pods to dining – that help elevate every journey into something special. By building partnerships with other leading brands, we help to bring a better travel experience to the world.  

    Priority Pass is operated by Collinson, the global, privately-owned company dedicated to helping the world to travel with ease and confidence.

    Forward-Looking Statements
    This press release may contain “forward-looking” statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These include statements preceded by, followed by or that otherwise include the words “believes,” “expects,” “anticipates,” “estimates,” “projects,” “intends,” “should,” “seeks,” “future,” “continue,” or the negative of such terms, or other comparable terminology. Forward-looking statements relating to expectations about future results or events, including the Company’s current plans and expectations relating to the business and operations and future store openings, including but not limited to, future openings of Naples Wax Center and Xpres Spa stores, are based upon information available to XWELL as of the date of this press release, and are not guarantees of the future performance of the Company, and actual results may vary materially from the results and expectations discussed. Additional information concerning these and other risks is contained in the Company’s Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K, and other Securities and Exchange Commission filings. All subsequent written and oral forward-looking statements concerning XWELL, or other matters and attributable to XWELL or any person acting on its behalf are expressly qualified in their entirety by the cautionary statements above. XWELL does not undertake any obligation to publicly update any of these forward-looking statements to reflect events or circumstances that may arise after the date hereof.  

    The MIL Network –

  • MIL-OSI: Fresche Solutions and FalconStor Partner to Modernize IBM i Data Backup and Management

    Source: GlobeNewswire (MIL-OSI)

    SAN FRANCISCO, May 22, 2025 (GLOBE NEWSWIRE) — Fresche Solutions, a global leader in AI-powered IT modernization, announces a strategic partnership with FalconStor Software, a leader in IBM Power Systems backup optimization. Together, the companies will deliver modern, secure, and scalable backup and recovery solutions for IBM i environments in the cloud.

    As part of the collaboration, FalconStor’s StorSafe® solution will be integrated into Fresche’s managed services for IBM Power Virtual Server (PowerVS), providing enterprises with a cyber-resilient, cost-effective alternative to legacy tape-based backup systems. The joint solution is designed to optimize backup and archive operations in hybrid cloud deployments by:

    • Modernizing backup from on-premises IBM Power systems to PowerVS: Enabling seamless hybrid cloud transitions
    • Optimizing backups of workloads running natively in PowerVS: Ensuring high-speed recovery and reduced storage costs
    • Leveraging IBM Cloud Object Storage (COS): For long-term data retention, compliance, and immutable protection against ransomware attacks

    “Our collaboration with FalconStor strengthens our ability to help IBM i customers modernize with confidence,” said Lief Morin, GM, Managed Services at Fresche Solutions. “Together, we’re delivering solutions that align with cloud-first strategies while maintaining enterprise-grade resilience and security.”

    Key Benefits of FalconStor StorSafe®:

    • Faster, More Reliable Backup & Recovery: Emulates traditional tape libraries while improving speed, flexibility, and automation
    • Cloud-Ready and Scalable: Integrates with IBM COS to ensure geo-dispersed, highly durable archive and restore capabilities
    • Reduced Costs: Advanced deduplication and storage optimization reduce infrastructure, bandwidth, and cloud storage expenses by up to 60%, including infrastructure costs
    • Ransomware Protection: Immutable storage and WORM (Write Once Read Many) support defend critical data from cyber threats
    • Seamless Integration: Fully compatible with IBM BRMS and other backup tools, making deployment fast and non-disruptive

    “This partnership is a natural fit,” added Todd Brooks, CEO, FalconStor. “Fresche’s leadership in IBM i modernization and managed services complements our mission to provide robust, efficient, and future-ready data protection.”

    To learn more about how Fresche and FalconStor optimize IBM i backup, visit www.freschesolutions.com or www.falconstor.com.

    About Fresche Solutions
    Innovators in AI-powered IT modernization, Fresche manages and maximizes the value of IBM i business-critical systems to reduce technical debt. Our market-leading IP and proven solutions in Modernization, AI & Data Analytics, KTLO, and Cloud Managed Services have earned the trust of global leaders from 2200+ companies. Reimagine your IT challenges into future growth and innovation with Fresche Solutions.

    About FalconStor
    FalconStor Software, Inc. (OTC: FALC) is a trusted leader in data protection, enabling enterprises to modernize backup and archiving across hybrid environments. Its StorSafe platform helps customers optimize storage usage, protect against ransomware, and streamline cloud adoption, especially in IBM ecosystems.

    Media Contact:
    Fresche Solutions
    Kimberley Hernandez
    Corporate Marketing Manager
    Fresche Solutions Inc.
    kimberley.hernandez@freschesolutions.com

    FalconStor
    Vicki Grey
    Head of Marketing
    FalconStor Software Inc.
    vicki.grey@falconstor.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/98ac2065-5fc4-41e9-be9b-a448f51b228f

    The MIL Network –

  • MIL-OSI: Euronext announces the success of its offering of bonds due 2032 convertible into new shares and/or exchangeable for existing shares (“OCEANEs”) for a nominal amount of €425 million

    Source: GlobeNewswire (MIL-OSI)

    Euronext announces the success of its offering of bonds due 2032 convertible into new shares and/or exchangeable for existing shares (“OCEANEs”) for a nominal amount of €425 million

    Amsterdam, Brussels, Dublin, Lisbon, Milan, Oslo and Paris – 22 May 2025 – Euronext (ISIN Code: NL0006294274) (the “Company”), the leading European capital market infrastructure, announces today the success of its offering of senior unsecured bonds due 2032 convertible into new shares and/or exchangeable for existing shares of the Company (“OCEANEs”) (the “Bonds”), by way of a placement to qualified investors only (within the meaning of Article 2(e) of the Prospectus Regulation (as defined below)), for a nominal amount of €425 million (the “Offering”).

    On 17 April 2025, the Company entered into a bridge loan facility with, among others, affiliates of the joint bookrunners appointed in the context of the Offering, to finance the acquisition of Admincontrol. The net proceeds from the Offering will be used by the Company for the repayment of a portion of the bridge financing and general corporate purposes.

    Main terms of the Bonds

    The Bonds will be issued with a denomination of €100,000 each (the “Principal Amount”), will be convertible and/or exchangeable into new and/or existing shares of Euronext (the “Shares”) and will pay a fixed coupon at a rate of 1.50% per annum, payable semi-annually in arrear on 30 May and 30 November of each year (or on the following business day if this date is not a business day), and for the first time on 30 November 2025.

    The initial conversion price of the Bonds is set at €191.1654, representing a conversion premium of 35% above the Company’s reference share price on the regulated market of Euronext in Paris (“Euronext Paris”). The reference share price is €141.6040, being equal to the volume-weighted average price (VWAP) of the Shares recorded on Euronext Paris from the launch of the Offering today until the determination of the final terms (pricing) of the Bonds. Settlement and delivery of the Bonds is expected to take place in the Euronext Securities Milan system on 30 May 2025 (the “Issue Date”).

    Unless previously converted, exchanged, redeemed or purchased and cancelled, the Bonds will be redeemed at par on 30 May 2032 (or on the following business day if such date is not a business day) (the “Maturity Date”).

    The Bonds may be redeemed prior to the Maturity Date at the option of the Company, under certain conditions.

    In particular, the Bonds may be fully redeemed early at par plus any accrued interest at the Company’s option, subject to a prior notice of at least 30 (but not more than 60) calendar days, (i) at any time from 20 June 2030 (inclusive), if the arithmetic average, calculated over a period of 10 consecutive trading days chosen by the Company from among the 20 consecutive trading days preceding the day of the publication of the early redemption notice, of the daily products on each of such 10 consecutive trading days of the volume weighted average price of the Shares on Euronext Paris over the applicable conversion price on each such trading day, exceeds 130%; or (ii) at any time if 80% or more in principal amount of the Bonds issued (which shall, for the avoidance of doubt, include any tap issues of the Bonds) have been converted/exchanged and/or redeemed and/or purchased by the Company and cancelled.
    Bondholders will be granted the right to convert or exchange the Bonds into new and/or existing Shares (the “Conversion/Exchange Right”) which they may exercise at any time from the 41st day (inclusive) following the Issue Date up to the 7th business day (inclusive) preceding the Maturity Date or, as the case may be, the relevant early redemption date.

    The conversion ratio of the Bonds is set at the Principal Amount divided by the prevailing initial conversion price, i.e. 523.1072 Shares per Bond, subject to standard adjustments, including anti-dilution and dividend protections, as described in the terms and conditions of the Bonds. Upon exercise of their Conversion/Exchange Right, holders of the Bonds will receive at the option of the Company new and/or existing Shares, carrying in all cases all rights attached to existing Shares as from the date of delivery.

    Application will be made for the admission of the Bonds to trading on Euronext AccessTM in Paris to occur within 30 calendar days from the Issue Date.

    Legal framework of the Offering and placement

    The Bonds will be issued by way of a placement to qualified investors only (within the meaning of Regulation (EU) 2017/1129 (as amended, the “Prospectus Regulation”)) (excluding the United States of America, Australia, Japan, Canada or South Africa), pursuant to the authorization granted by the Company’s annual general meeting held on 15 May 2025 (15th and 16th resolution), without an offer to the public (other than to qualified investors) in any country.

    Existing shareholders of the Company shall have no preferential subscription rights, and there will be no priority subscription period in connection with the issuance of the Bonds or any underlying new Shares to be issued upon conversion.

    Lock-up undertaking

    In the context of the Offering, the Company has agreed to a lock-up undertaking with respect to its Shares and securities giving access to share capital of the Company for a period starting from the announcement of the final terms of the Bonds and ending 90 calendar days after the Issue Date, subject to certain customary exceptions or waiver from the joint global coordinators appointed in the context of the Offering.

    Dilution

    As a result of the Offering of a €425 million principal amount of Bonds and the initial conversion price of €191.1654, the potential dilution would represent approximately 2.1% of the Company’s outstanding share capital, if the Conversion/Exchange Right was exercised for all the Bonds and the Company decided to deliver new Shares only upon exercise of the Conversion/Exchange Right.

    Available information

    Neither the offering of the Bonds, nor the admission of the Bonds to trading on Euronext AccessTM is subject to a prospectus approved by the Stichting Autoriteit Financiële Markten (AFM) in Netherlands or the Autorité des marchés financiers (AMF) in France. No key information document required by the PRIIPs Regulation or the UK PRIIPs Regulation (as defined below) has been or will be prepared. Detailed information about Company, including its business, results, prospects and the risk factors to which the Company is exposed are described in the Company’s universal registration document for the financial year ended 31 December 2024, filed with the AFM on 28 March 2025 and the Company’s first quarter 2025 results press release which includes the unaudited financial statements of the Company as at and for the three months ended 31 March 2025, which are all available on the Company’s website (https://www.euronext.com/en/investor-relations).

    Important information

    This press release does not constitute or form part of any offer or solicitation to purchase or subscribe for or to sell securities to any U.S. person or to any person in the United States, Australia, Japan, Canada or South Africa or in any jurisdiction to whom or in which such offer is unlawful, and the Offering of the Bonds is not an offer to the public in any jurisdiction (other than to qualified investors within the meaning of Article 2(e) of the Prospectus Regulation) or an offer to retail investors as such term is defined below.

    CONTACTS  

    ANALYSTS & INVESTORS – ir@euronext.com

    Investor Relations        Aurélie Cohen                 

            Judith Stein        +33 6 15 23 91 97          

    MEDIA – mediateam@euronext.com 

    Europe        Aurélie Cohen         +33 1 70 48 24 45   

            Andrea Monzani         +39 02 72 42 62 13 

    Belgium        Marianne Aalders         +32 26 20 15 01                 

    France, Corporate        Flavio Bornancin-Tomasella        +33 1 70 48 24 45                 

    Ireland        Catalina Augspach        +33 6 82 09 99 70                

    Italy         Ester Russom         +39 02 72 42 67 56                 

    The Netherlands        Marianne Aalders         +31 20 721 41 33                 

    Norway         Cathrine Lorvik Segerlund        +47 41 69 59 10                 

    Portugal         Sandra Machado        +351 91 777 68 97                                 

    About Euronext  

    Euronext is the leading European capital market infrastructure, covering the entire capital markets value chain, from listing, trading, clearing, settlement and custody, to solutions for issuers and investors. Euronext runs MTS, one of Europe’s leading electronic fixed income trading markets, and Nord Pool, the European power market. Euronext also provides clearing and settlement services through Euronext Clearing and its Euronext Securities CSDs in Denmark, Italy, Norway and Portugal.

    As of March 2025, Euronext’s regulated exchanges in Belgium, France, Ireland, Italy, the Netherlands, Norway and Portugal host nearly 1,800 listed issuers with €6.3 trillion in market capitalisation, a strong blue-chip franchise and the largest global centre for debt and fund listings. With a diverse domestic and international client base, Euronext handles 25% of European lit equity trading. Its products include equities, FX, ETFs, bonds, derivatives, commodities and indices.

    For the latest news, go to euronext.com or follow us on X and LinkedIn.

    Disclaimer

    This press release is for information purposes only: it is not a recommendation to engage in investment activities and is provided “as is”, without representation or warranty of any kind. While all reasonable care has been taken to ensure the accuracy of the content, Euronext does not guarantee its accuracy or completeness. Euronext will not be held liable for any loss or damages of any nature ensuing from using, trusting or acting on information provided. No information set out or referred to in this publication may be regarded as creating any right or obligation. The creation of rights and obligations in respect of financial products that are traded on the exchanges operated by Euronext’s subsidiaries shall depend solely on the applicable rules of the market operator. All proprietary rights and interest in or connected with this publication shall vest in Euronext. This press release speaks only as of this date. Euronext refers to Euronext N.V. and its affiliates. Information regarding trademarks and intellectual property rights of Euronext is available at www.euronext.com/terms-use.

    © 2025, Euronext N.V. – All rights reserved. 

    The Euronext Group processes your personal data in order to provide you with information about Euronext (the “Purpose”). With regard to the processing of this personal data, Euronext will comply with its obligations under Regulation (EU) 2016/679 of the European Parliament and Council of 27 April 2016 (General Data Protection Regulation, “GDPR”), and any applicable national laws, rules and regulations implementing the GDPR, as provided in its privacy statement available at: www.euronext.com/privacy-policy. In accordance with the applicable legislation you have rights with regard to the processing of your personal data: for more information on your rights, please refer to: www.euronext.com/data_subjects_rights_request_information. To make a request regarding the processing of your data or to unsubscribe from this press release service, please use our data subject request form at connect2.euronext.com/form/data-subjects-rights-request or email our Data Protection Officer at dpo@euronext.com.

    Disclaimer

    The contents of this announcement have been prepared by and are the sole responsibility of the Company.

    The information contained in this announcement is for information purposes only and does not purport to be full or complete. No reliance may be placed by any person for any purpose on the information contained in this announcement or its accuracy, fairness or completeness.

    This announcement is not for publication or distribution, directly or indirectly, in or into the United States. The distribution of this announcement may be restricted by law in certain jurisdictions and persons into whose possession any document or other information referred to herein comes should inform themselves about and observe any such restriction. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction.

    This announcement is an advertisement and not a prospectus within the meaning of Prospectus Regulation.

    This announcement does not contain or constitute an offer of, or the solicitation of an offer to buy, Bonds to any U.S. person or to any person in the United States, Australia, Canada, South Africa or Japan or in any jurisdiction to whom or in which such offer or solicitation is unlawful. The Bonds and the Shares, if any, to be issued upon exercise of the Conversion/Exercise Right (together, the “Securities”) referred to herein may not be offered or sold in the United States, or to, or for the account or benefit of, U.S. persons unless registered under the US Securities Act of 1933 (the “Securities Act”) or offered in a transaction exempt from, or not subject to, the registration requirements of the Securities Act.

    In addition, until 40 days after the commencement of the Offering, an offer or sale of Bonds within the United States by a dealer (whether or not it is participating in the Offering) may violate the registration requirements of the Securities Act.

    The offer and sale of Securities referred to herein has not been and will not be registered under the Securities Act or under the applicable securities laws of Australia, Canada, South Africa or Japan. Subject to certain exceptions, the Bonds referred to herein may not be offered or sold in Australia, Canada, South Africa or Japan or to, or for the account or benefit of, any national, resident or citizen of Australia, Canada, South Africa or Japan. There will be no public offer of the Securities in the United States, Australia, Canada, South Africa or Japan or elsewhere.

    In member states of the European Economic Area (the “EEA”), this announcement and any offer is directed exclusively at persons who are “qualified investors” within the meaning of Article 2(e) of the Prospectus Regulation (“Qualified Investors”). In the United Kingdom this announcement and any offer is directed exclusively at persons who are “qualified investors” within the meaning of Article 2(e) of the Prospectus Regulation as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 (“EUWA”) (i) who have professional experience in matters relating to investments falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, as amended (the “Order”), (ii) who fall within Article 49(2)(A) to (D) of the Order, or (iii) to whom it may otherwise lawfully be communicated (all such persons together with Qualified Investors in the EEA being referred to herein as “Relevant Persons”). This document is directed only at Relevant Persons and must not be acted on or relied on by persons who are not Relevant Persons. Any investment or investment activity to which this document relates is available only to Relevant Persons and will be engaged in only with Relevant Persons.

    This announcement may include statements that are, or may be deemed to be, “forward-looking statements”. These forward-looking statements may be identified by the use of forward-looking terminology, including the terms “believes”, “estimates”, “plans”, “projects”, “anticipates”, “expects”, “intends”, “may”, “will” or “should” or, in each case, their negative or other variations or comparable terminology, or by discussions of strategy, plans, objectives, goals, future events or intentions. Forward-looking statements may and often do differ materially from actual results. Any forward-looking statements reflect the Company’s current view with respect to future events and are subject to risks relating to future events and other risks, uncertainties and assumptions relating to the Company’s and its group’s business, results of operations, financial position, liquidity, prospects, growth or strategies. Forward-looking statements speak only as of the date they are made.

    Each of the Company, the joint bookrunners appointed in the context of the Offering and their respective affiliates expressly disclaims any obligation or undertaking to update, review or revise any forward-looking statement contained in this announcement, whether as a result of new information, future developments or otherwise.

    Each of the joint bookrunners appointed in the context of the Offering is acting exclusively for the Company and no-one else in connection with the Offering. They will not regard any other person as their respective client in relation to the Offering and will not be responsible to anyone other than the Company for providing the protections afforded to their respective clients, nor for providing advice in relation to the Offering, the contents of this announcement or any transaction, arrangement or other matter referred to herein.

    In connection with the Offering, the joint bookrunners appointed in the context of the Offering and any of their affiliates may take up a portion of the Bonds in the Offering as a principal position and in that capacity may retain, purchase, sell, offer to sell for their own accounts such Bonds and other securities of the Company or related investments in connection with the Offering or otherwise. Accordingly, references to the Bonds being issued, offered, subscribed, acquired, placed or otherwise dealt in should be read as including any issue or offer to, or subscription, acquisition, placing or dealing by, the joint bookrunners appointed in the context of the Offering and any of their affiliates acting in such capacity. In addition, the joint bookrunners appointed in the context of the Offering and any of their affiliates may enter into financing arrangements (including swaps, warrants or contracts for differences) with investors in connection with which the joint bookrunners appointed in the context of the Offering and any of their affiliates may from time to time acquire, hold or dispose of Bonds and/or Shares. The joint bookrunners appointed in the context of the Offering do not intend to disclose the extent of any such investment or transactions otherwise than in accordance with any legal or regulatory obligations to do so.

    None of the joint bookrunners appointed in the context of the Offering or any of their respective directors, officers, employees, advisers or agents accepts any responsibility or liability whatsoever for or makes any representation or warranty, express or implied, as to the truth, accuracy or completeness of the information in this announcement (or whether any information has been omitted from the announcement) or any other information relating to the Company, its subsidiaries or associated companies, whether written, oral or in a visual or electronic form, and howsoever transmitted or made available, or for any loss howsoever arising from any use of this announcement or its contents or otherwise arising in connection therewith.

    Information to Distributors: Solely for the purposes of the product governance requirements of Directive 2014/65/EU on markets in financial instruments, as amended and supplemented (“MiFID II”) and local implementing measures (together, the “Product Governance Requirements”), and disclaiming all and any liability, whether arising in tort, contract or otherwise, which any “manufacturer” (for the purposes of the Product Governance Requirements) may otherwise have with respect thereto, the Bonds have been subject to a product approval process, which has determined that: (i) the target market for the Bonds is eligible counterparties and professional clients only, each as defined in MiFID II; and (ii) all channels for distribution of the Bonds to eligible counterparties and professional clients are appropriate. Any person subsequently offering, selling or recommending the Bonds (a “distributor”) should take into consideration the manufacturers’ target market assessment; however, a distributor (for the purposes of the Product Governance Requirements) is responsible for undertaking its own target market assessment in respect of the Bonds (by either adopting or refining the manufacturers’ target market assessment) and determining appropriate distribution channels.

    The target market assessment is without prejudice to the requirements of any contractual or legal selling restrictions in relation to any offering of the Bonds.

    For the avoidance of doubt, the target market assessment does not constitute: (a) an assessment of suitability or appropriateness for the purposes of MiFID II; or (b) a recommendation to any investor or group of investors to invest in, or purchase, or take any other action whatsoever with respect to the Bonds.

    PRIIPs Regulation / Prospectus Regulation / Prohibition of sales to EEA and UK retail investors – The Bonds are not intended to be offered, sold or otherwise made available to and should not be offered, sold or otherwise made available to any retail investor in the EEA or the UK. For these purposes, a “retail investor” means (a) in the EEA, a person who is one (or more) of: (i) a retail client as defined in point (11) of Article 4(1) of MiFID II; or (ii) a customer within the meaning of Directive (EU) 2016/97 as amended or superseded (the “Insurance Distribution Directive”), where that customer would not qualify as a professional client as defined in point (10) of Article 4(1) of MiFID II; or (iii) not a Qualified Investor as defined in Article 2(e) of the Prospectus Regulation and (b) in the UK, a person who is one (or more) of (i) a retail client within the meaning of Regulation (EU) No. 2017/565 as it forms part of UK domestic law by virtue of the EUWA or (ii) a customer within the meaning of the provisions of the Financial Services and Markets Act 2000 of the UK (the “FSMA”) and any rules or regulations made under the FSMA to implement Directive (EU) 2016/97, where that customer would not qualify as a professional client, as defined in point (8) of Article 2(1) of Regulation (EU) No. 600/2014 as it forms part of UK domestic law by virtue of the EUWA or (iii) not a Qualified Investor as defined in Article 2(e) of the Prospectus Regulation as it forms part of UK domestic law by virtue of the EUWA. Consequently, no key information document required by Regulation (EU) No 1286/2014 (as amended, the “EU PRIIPs Regulation”) or the EU PRIIPS Regulation as it forms part of UK domestic law by virtue of the EUWA (the “UK PRIIPS Regulation”) for offering or selling the Bonds or otherwise making them available to retail investors in the EEA or UK has been prepared and therefore offering or selling the Bonds or otherwise making them available to any retail investor in the EEA or the UK may be unlawful under the EU PRIIPs Regulation and/or the UK PRIIPs Regulation.

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    The MIL Network –