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Category: GlobeNewswire

  • MIL-OSI: Duck Creek Technologies Announces Tyler Jones as Chief Marketing Officer

    Source: GlobeNewswire (MIL-OSI)

    BOSTON, May 19, 2025 (GLOBE NEWSWIRE) — Duck Creek Technologies, the global intelligent solutions provider defining the future of property and casualty (P&C) and general insurance, announces the appointment of Tyler Jones as Chief Marketing Officer (CMO). As CMO, Jones will be responsible for overseeing Duck Creek’s strategic marketing and branding efforts, driving the company’s global expansion and leadership as a provider of P&C insurance software and services.

    “Tyler is a seasoned marketer and leader who understands how to deliver value to our customers and partner ecosystem,” said Mike Jackowski, Chief Executive Officer of Duck Creek Technologies. “He has a wealth of experience building and scaling world-class marketing organizations for cloud-based software companies. I am thrilled to welcome him to the Duck Creek team and look forward to working with him to accelerate our growth and expand our market leadership.”

    With over two decades of experience at the intersection of technology, insurance, and customer experience, Tyler joins Duck Creek from CLARA Analytics, where he led growth initiatives and commercial partnership programs that drive the adoption of AI-powered solutions.

    “I am honored and excited to join Duck Creek at this pivotal time in the insurance industry,” said Tyler Jones. “Duck Creek is a visionary company that is transforming the way insurers operate and serve their customers. I am impressed by the company’s culture, products, and customer-centric approach. I look forward to collaborating with the talented Duck Creek team and partners to amplify our brand, engage our audiences, and drive business outcomes.”

    Tyler held pivotal roles at Kaiser Permanente and AIG, where he spearheaded large-scale digital transformations. At Kaiser Permanente, he led a $250 million multiyear overhaul of the revenue cycle and consumer medical billing systems. As Global Head of Data Strategy at AIG, he focused on leveraging data to inform strategic decisions and enhance customer experiences.

    At CLARA Analytics, Tyler continued to drive customer-centric strategies, ensuring that clients achieved optimal value from the company’s AI platform. His leadership was instrumental in CLARA’s mission to deliver compelling ROI to customers within months of implementation.

    Jones holds an undergraduate degree in marketing from the University of Utah and a Master of Business Administration from the UCLA Anderson School of Management.

    About Duck Creek Technologies 
    Duck Creek Technologies is the global intelligent solutions provider defining the future of the property and casualty (P&C) and general insurance industry. We are the platform upon which modern insurance systems are built, enabling the industry to capitalize on the power of the cloud to run agile, intelligent, and evergreen operations. Authenticity, purpose, and transparency are core to Duck Creek, and we believe insurance should be there for individuals and businesses when, where, and how they need it most. Our market-leading solutions are available on a standalone basis or as a full suite, and all are available via Duck Creek OnDemand. Visit www.duckcreek.com to learn more. Follow Duck Creek on our social channels for the latest information – LinkedIn and X.

    Media Contacts: 
    Marianne Dempsey/Tara Stred
    duckcreek@threeringsinc.com 

    The MIL Network –

  • MIL-OSI: BIO-key and Cloud Distribution Co. Partner to Expand IAM and Biometric Security Solutions Across the Middle East

    Source: GlobeNewswire (MIL-OSI)

    WALL, N.J. and RIYADH, Saudi Arabia, May 19, 2025 (GLOBE NEWSWIRE) — BIO-key International, Inc. (NASDAQ: BKYI), a global leader in Identity and Access Management (IAM) and biometric authentication solutions, is pleased to announce a strategic partnership with Cloud Distribution Co., a prominent Value-Added Distributor (VAD) headquartered in Saudi Arabia, with operations across the Middle East. Cloud Distribution joins BIO-key’s Channel Alliance Partner (CAP) program to deliver BIO-key’s full suite of IAM and biometric authentication solutions to enterprises and public institutions in Saudi Arabia, the UAE, and across the region. This partnership strengthens BIO-key’s local capabilities while enabling Cloud Distribution to expand its cybersecurity portfolio with innovative, high-impact identity technologies.

    As part of this strategic collaboration, Cloud Distribution Co. has committed dedicated in-country resources to support BIO-key’s expansion in the region. A Pre-Sales Engineer, a Business Development Manager (BDM), and a Project Manager—based in Riyadh—will be part of Cloud Distribution’s team fully focused on BIO-key. This investment reflects Cloud Distribution’s clear bet on BIO-key’s growth and long-term value in the Middle East market, ensuring local expertise, responsive support, and successful deployments.

    Cloud Distribution will lead sales enablement, partner development, and technical execution for the following BIO-key technologies:

    • PortalGuard® – a comprehensive IAM platform supporting MFA, SSO, and centralized access management
    • Passkey:YOU™ – a FIDO2-compliant passwordless solution
    • PIN:You™ – a secure, tokenless, user-friendly PIN-based authentication method
    • WEB-key – a proven biometric engine for strong authentication
    • Identity-Bound Biometrics (IBB) – binding access to the individual, not the device
    • Certified biometric scanners including PIV-Pro and EcoID II

    “We are proud to partner with BIO-key and bring their cutting-edge identity and biometric authentication solutions to our growing portfolio. At Cloud Distribution, we prioritise cybersecurity technologies that address modern threats with innovation and scalability. Our investment in local resources dedicated to BIO-key reflects our belief in their vision and our commitment to delivering value across the region,” said Thamer Abdallah, CEO & Founder of Cloud Distribution Co.

    “Our partnership with Cloud Distribution reflects our dedication to the Middle East—not only through innovative solutions but also through strategic alliances with partners who share our vision. The addition of dedicated Cloud Distribution resources for BIO-key in Riyadh is a smart and impactful move that ensures we remain close to our customers and ready to scale,” said Alex Rocha, International Managing Director at BIO-key.

    About Cloud Distribution Co. (https://dcloud.com.sa)
    Cloud Distribution Co., part of the Ideal Group, is a leading Saudi-based Value-Added Distributor of cybersecurity and infrastructure solutions across the Middle East. Known for its deep technical expertise, local presence, and focus on innovation, Cloud Distribution supports its partner network with best-in-class technologies and services that drive secure digital transformation.

    About BIO-key International, Inc. (www.BIO-key.com)
    BIO-key is revolutionizing authentication and cybersecurity with biometric-centric, multi-factor identity and access management (IAM) software securing access for over forty million users. BIO-key allows customers to choose the right authentication factors for diverse use cases, including phoneless, tokenless, and passwordless biometric options. Its cloud-hosted or on-premise PortalGuard IAM solution provides cost-effective, easy-to-deploy, convenient, and secure access to computers, information, applications, and high-value transactions.

    BIO-key Safe Harbor Statement
    All statements contained in this press release other than statements of historical facts are “forward-looking statements” as defined in the Private Securities Litigation Reform Act of 1995 (the “Act”). The words “estimate,” “project,” “intends,” “expects,” “anticipates,” “believes” and similar expressions are intended to identify forward-looking statements. Such forward-looking statements are made based on management’s beliefs, as well as assumptions made by, and information currently available to, management pursuant to the “safe-harbor” provisions of the Act. These statements are not guarantees of future performance or events and are subject to risks and uncertainties that may cause actual results to differ materially from those included within or implied by such forward-looking statements. These risks and uncertainties include factors set forth under the caption “Risk Factors” in our Annual Report on Form 10-K for the year ended December 31, 2024 and other filings with the SEC. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date made. Except as required by law, we undertake no obligation to disclose any revision to these forward-looking statements, whether as a result of new information, future events, or otherwise.

    Investor Contacts
    William Jones, David Collins
    Catalyst IR
    BKYI@catalyst-ir.com or 212-924-9800

    The MIL Network –

  • MIL-OSI: Patriot Bank Expands Its Board and Senior Leadership Team

    Source: GlobeNewswire (MIL-OSI)

    • Richard Smith, Jeff Seabold and Thedora Nickel elected Directors.
    • Paul Simmons appointed EVP, Chief Credit Officer
    • Nicole L. Wells appointed SVP, Head of Operations
    • Rebecca Mais appointed SVP, High Net Worth and Specialty Deposits
    • Raquel Gillett appointed SVP, Digital Transformation and Risk Analytics

    STAMFORD, Conn., May 19, 2025 (GLOBE NEWSWIRE) — Patriot Bank, N.A. (“Patriot Bank”), the wholly owned subsidiary of Patriot National Bancorp, Inc. (NASDAQ: PNBK), is pleased to announce the election of Richard Smith, Jeffrey Seabold and Thedora Nickel to serve on the Patriot Bank’s Board of Directors and the appointment of the following leaders to the management team:

    • Paul Simmons as Executive Vice President, Chief Credit Officer
    • Nicole L. Wells as Senior Vice President, Head of Operations
    • Rebecca Mais as Senior Vice President, High Net Worth and Specialty Deposits
    • Raquel Gillett as Senior Vice President, Digital Automation and Risk Analytics

    These appointments strengthen Patriot Bank’s leadership team as the organization focuses on delivering exceptional banking services to high-net-worth clients and the fiduciaries who serve them.

    “We are delighted to welcome Richard, Jeff, Teddy, Paul, Nicole, Rebecca, and Raquel to their new roles,” said Steven Sugarman, Chief Executive Officer of Patriot Bank. “Their collective expertise and vision will advance Patriot’s mission to empower our clients while delivering exceptional value to our shareholders.”

    Richard Smith, Director

    Richard Smith brings 40 years of banking expertise, specializing in private banking for high-net-worth individuals. Beginning his career as a banking analyst with Manufacturers Hanover in New York, he later held senior roles at Imperial Bank and Comerica Bank in Southern California. In 2005, Smith founded The Private Bank of California and served as its President. After its sale to Banc of California in 2012, he was named President of Banc of California’s Private Banking Division. Smith serves on the Board of CalPrivate Bank, the Zimmer Children’s Museum, and the Westside Food Bank in Los Angeles.

    “It is a privilege to join Patriot Bank’s Board of Directors,” said Smith. “Patriot Bank’s commitment to serving high net worth clients and their advisors aligns with my passion for fostering strong client relationships.”

    Jeffrey Seabold, Director

    Jeff Seabold is an accomplished entrepreneur, investor, and executive leader with almost 30 years of experience in corporate strategy, business development, and executive management. He has a proven history in real estate finance and commercial banking.

    Mr. Seabold is the Co-Founder and a Director of The Change Company CDFI LLC and Change Lending LLC, a certified Community Development Financial Institution (CDFI) focused on home lending. Previously, Mr. Seabold was the Co-Founder and Executive Vice Chairman of Banc of California, Inc., a publicly traded bank holding company and federally chartered national bank headquartered in Irvine, California. Seabold was also the Founder of CS Financial, Inc., a national mortgage finance company, Co-Founder for Camden Capital Partners, LLC, a bridge & mezzanine real estate lender and servicer, and the Founder of Camden Escrow, Inc., a real estate settlement services provider.

    “I’m proud to join the Board of Directors at Patriot Bank and support its mission of delivering personalized, high-quality banking solutions,” said Seabold. “Throughout my career, I have seen the value of building lasting relationships based on trust, service, and understanding. I look forward to contributing my experience to help Patriot Bank deepen its connection with clients and to build a trusted financial partner for our clients.”

    Thedora Nickel, Director

    Thedora Nickel has over 30 years of banking leadership experience, with deep expertise in domestic and international operations, client service, and organizational transformation. She currently serves as Executive Director of The Change Company and Change Lending. Prior to this role, Nickel was Chief Administrative Officer at Banc of California where she led the strategic direction of key enterprise and operational functions. She previously held several senior leadership positions at Bank of America over a 25-year career, most recently as SVP, Group Operations Executive, overseeing national research, resolution, and reconcilement functions in support of the bank’s bank centers, capture sites, and cash vaults. Earlier, she led the Transaction Services West Region with responsibility for over two thousand employees and five processing units. A certified Six Sigma Executive, Nickel also dedicates her time mentoring MBA students at the University of California, Irvine and serves on the board of The Whole Child, a non-profit organization serving vulnerable families in Los Angeles County.

    “I’m honored to join Patriot Bank’s Board of Directors,” said Nickel. “With my experience driving operational excellence and delivering client-focused solutions, I look forward to helping the organization build a strong foundation for sustainable growth.”

    Paul Simmons, Executive Vice President, Chief Credit Officer

    Paul Simmons is a seasoned banking executive with over 35 years of experience in commercial lending, credit, and financial services. Prior to joining Patriot Bank, Mr. Simmons served as Executive Vice President and Chief Credit Officer of Sunwest Bank, Silvergate Bank and Banc of California. He has overseen all aspects of credit administration, asset quality, and lending operations. He also held senior leadership positions at Citigroup, GE Capital, Apollo Real Estate Advisors, and Zions Bancorporation. A graduate of Brigham Young University, Simmons is recognized for his strategic acumen and breadth of experience.

    “I’m honored to join Patriot Bank as its Chief Credit Officer,” said Simmons. “Over my career, I have been fortunate to lead credit organizations at banks of all sizes — always with a focus on building strong credit cultures, managing risk with discipline, and partnering with lending teams to drive smart, sustainable growth. I am excited to be a part of this high-performing executive team to bring that same approach to Patriot Bank and to contribute to Patriot Bank’s turnaround focused on serving our clients with excellence.”

    Nicole L. Wells, Senior Vice President, Head of Operations

    With over 30 years of experience in banking and financial services, Nicole L. Wells joins Patriot Bank as its Senior Vice President and Head of Operations. She served as Head of Strategic Retail Operations at Santander Bank, N.A. in Greater Boston, a role she started in September 2020. Previously, Ms. Wells served as SVP, Private Banking Operations at Banc of California. Wells also held roles at Bank of America, Countrywide Bank, Western Federal Credit Union, and Citibank. Wells holds an M.P.A. in Public Administration with a focus on Organizational Leadership from California State University-Dominguez Hills and completed the Executive Education Program at Columbia Business School.

    “I am delighted to join Patriot Bank and lead its bank operations,” said Wells. “My experience in driving strategic business enablement, simplification, and process excellence will support the Bank’s commitment to delivering seamless, client-focused services.”

    Rebecca Mais, Senior Vice President, High Net Worth and Specialty Deposits

    Rebecca Mais joins Patriot Bank as its Senior Vice President, High Net Worth and Specialty Deposits. Ms. Mais, bringing over 17 years of experience, leading Private Banking and Non-Profit divisions. Previously, she held leadership roles at Banc of California, Bank of Hope and Commerce Bank, where she specialized in market expansion and developing customized deposit solutions for high-net-worth individuals, centers-of-influence, and specialized sectors, including real estate, entertainment, Institutional Banking, Non-Profits, RIA and Business Management Services. Mais is passionately committed to the families and communities we serve and is the Board Secretary of the Westside Food Bank Non-Profit. She is a highly engaged, results-driven, and client-centric leader who is recognized for her ability to drive deposit growth and foster long-term client relationships. Mais holds an Executive M.B.A. from Pepperdine University’s Graziadio School of Business and a B.S. in Business Administration/Fashion Merchandising from Philadelphia University.

    “It’s a privilege to work with such an incredible team to deliver tailored financial solutions that meet the unique needs of our remarkable clients,” said Mais. “I look forward to building Patriot into a client-focused bank able to empower the communities we serve.”

    Raquel Gillett, Senior Vice President, Digital Transformation and Risk Analytics

    Raquel Gillett joins Patriot Bank as its Senior Vice President of Digital Transformation and Risk Analytics, bringing over 20 years of experience in banking and financial services. Previously, she served in senior roles at The Change Company, COR Clearing, Banc of California, California National Bank, and Southern Pacific. She has led technology-driven process improvements as well as overseen financial controls. Ms. Gillett is highly experienced implementing innovative digital risk and reporting solutions, integrating systems, and optimizing reporting frameworks.

    “I am thrilled to join Patriot Bank to lead its digital transformation, leveraging technology to empower our bankers to serve our clients safely and with operational excellence. Strengthening our risk analytics will allow Patriot to pursue our mission and vision safely and soundly,” Gillett said.

    For more information about Patriot Bank, please visit www.bankpatriot.com.

    Media Contact:

    Kirsten Hoekman
    Patriot Bank, N.A.
    Phone: (203) 252-5905
    Email: khoekman@bankpatriot.com

    The MIL Network –

  • MIL-OSI: 180 Degree Capital Corp. Issues Q1 2025 Shareholder Letter

    Source: GlobeNewswire (MIL-OSI)

    MONTCLAIR, N.J., May 19, 2025 (GLOBE NEWSWIRE) — 180 Degree Capital Corp. (NASDAQ:TURN) today issued the following Q1 2025 Shareholder Letter:

    Fellow Shareholders,

    As discussed in our press release issued on April 14, 2025, we ended the first quarter of 2025 with a net asset value per share (“NAV”) of $4.42. We are pleased with our performance in Q1 2025, that we believe favorably positions 180 Degree Capital as we continue to make progress on the steps required to complete our proposed Business Combination with Mount Logan Capital Inc. (“Mount Logan”). For those of you who may not have had a chance to listen to our joint call with the team from Mount Logan or to review the presentation deck that summarizes the proposed transaction, both can be found at https://ir.180degreecapital.com/ir-calendar/detail/2908/180-degree-capital-and-mount-logan-capital-proposed-merger. Our excitement for the potential of this transaction to create value for our shareholders has only grown since we announced this proposed Business Combination and conducted this joint call.

    We noted in a press release issued on May 7, 2025, that we filed an amended preliminary joint proxy statement/prospectus on Schedule 14A with the Securities and Exchange Commission (“SEC”) regarding our proposed Business Combination with Mount Logan includes Mount Logan’s financial statements which were prepared in accordance with accounting principles generally accepted in the US, or US GAAP. The conversion of Mount Logan’s financial statements from International Financial Reporting Standards, or IFRS, to US GAAP is an important milestone as now we are in a position to be able to speak freely with current and potential investors regarding historical financial performance and apples-to-apples comparisons of Mount Logan to its publicly traded peers. This conversion to US GAAP also resulted in favorable improvements in historical financial metrics, including an increase in Mount Logan’s reported fee-related earnings in 2024 under IFRS to approximately $9.1 million under US GAAP, and an increase in the reported shareholder equity value of Mount Logan as of December 31, 2024, under IFRS to approximately $104.1 million under US GAAP.

    We believe that the availability of Mount Logan’s US GAAP financial statements will add to the strong indications of support we have received from initial conversations with our shareholders following the filing of our initial joint proxy statement/prospectus in late March 2025. We believe our investors who have signed voting agreements and/or provided indications of support already understood the potential that we believe exists to create significant value for shareholders of 180 Degree Capital through this Business Combination even before Mount Logan’s US GAAP financial statements were available. We appreciate all of this support and patience as we move steadily through the SEC review process, toward the start of soliciting votes, and the ultimate goal of the completion of our proposed Business Combination.

    As mentioned earlier, our belief about the potential of our proposed Business Combination to create significant shareholder value for 180 Degree Capital shareholders has only grown stronger since our initial announcement in January 2025. This belief is amplified by numerous significant shareholders who have voiced their support for our proposed Business Combination to us, as well as new shareholders who were drawn to invest in 180 Degree Capital based on what we believe to be a shared view that our proposed Business Combination is a unique opportunity for future value creation. We continue to believe that converting to an operating company will make 180 Degree Capital’s net asset value a floor for our stock price rather than the ceiling as it is for most closed-end funds. The pro forma combination of our businesses, based on 180 Degree Capital’s net asset value and Mount Logan’s equity value, respectively as of December 31, 2024, less estimated merger-related expenses and other estimated adjustments, yields a combined entity with an estimated shareholder equity value of nearly $140 million. While the ultimate ratio of ownership between 180 Degree Capital and Mount Logan shareholders will be based on 180 Degree Capital’s net asset value at closing of the Business Combination, if the transaction closed on December 31, 2024, the portion of this equity value ascribed to 180 Degree Capital shareholders would equate to more than 180 Degree Capital’s net asset value as of that date. This fact is only one of the multitude of reasons we are so excited about this proposed transaction and its potential opportunity to create meaningful value for 180 Degree Capital’s shareholders.

    To remind everyone of our original views and comments included in our Q4 2024 Shareholder Letter issued on February 14, 2025, Mount Logan has the following attributes that we believe will provide value to 180 Degree Capital shareholders:

    • Mount Logan has what we believe to be an outstanding management team comprised of its CEO, Ted Goldthorpe, its Co-Presidents, Matthias Ederer and Henry Wang, and its CFO, Nikita Klassen;
    • Mount Logan’s asset management platform has approximately $2.4+ billion of assets under management (as of September 30, 2024) that we believe generates predictable fee revenue that can be used to benefit the growth of the combined company and its shareholders;
    • Mount Logan has operational leverage and unique investment access through its association with BC Partners, a leading global private equity and credit firm;
    • Mount Logan is focused on what we believe is the fast-growing market of private credit;
    • We believe that Mount Logan remains undiscovered by the majority of investors due to it being listed on the Cboe Canada exchange rather than a US national exchange; and
    • We believe Mount Logan is significantly undervalued by public market investors.

    For 35 years, I have been a value investor attempting to uncover great companies that I believe are trading below their intrinsic value. As we spent more time with Ted and his colleagues over the past 10 months, it became abundantly clear to us that: 1) we believe Mount Logan is one of these great undiscovered and undervalued companies and 2) the combination of our two companies has the potential to unlock substantial value for 180 Degree Capital shareholders by:

    1. Providing a path to a combined entity that, based on combined shareholder equity as of December 31, 2024, and an estimated distribution of ownership as of the date of the announcement of the Business Combination, would result in 180 Degree Capital shareholder’s portion of the combined shareholder equity being higher than our NAV as of the date of signing of the definitive agreement on January 16, 2025, and as of March 31, 2025.

      For those of our investors who feel more comfortable assessing value based on net asset value/book value, we note that publicly traded comparable companies to what would be our combined company often trade at multiples of book value rather than discounts. For those investors who are comfortable or more interested in valuing based on operating company metrics, we believe the valuation of our combined business will be based on a multiple of fee-related revenues attributed to earnings from the management of permanent and semi-permanent capital vehicles. Other similar businesses commonly trade at significantly higher multiples of operating metrics than the multiple implied by the value of Mount Logan set by the terms of our proposed Business Combination.

    2. Changing to an asset-light operating company that leverages an association with BC Partners enables economies of scale that are not possible at 180 Degree Capital’s current size; and
    3. Substantially increasing the available capital for us to be able to leverage our relationships with small and microcapitalization public companies, to develop capital structure solutions that seek to unlock value and generate favorable risk-adjusted returns.

    As the table below shows, we believe our shareholders have benefited from our ability to generate positive returns on our investments since we took over management of 180 Degree Capital. These returns were offset by material declines in the legacy private portfolio that we inherited.

    Public Portfolio
    Contribution to Change in NAV
    (Q4 2016-Q1 2025)    		 Legacy Private Portfolio
    Contribution to Change in NAV
    (Q4 2016-Q1 2025)
    +$3.35/share -$2.41/share
      TURN Public Portfolio Gross Total (Excluding SMA Carried Interest) TURN Public Portfolio Gross Total (Including SMA Carried Interest) Change in NAV Change in Stock Price Russell Microcap Index Lipper Peer Group Average
    Inception to Date
    Q4 2016 – Q1 2025    		 +198.7% +218.3% -37.0% -4.1% +44.3% +66.1%

    On a relative basis, our gross total return for Q1 2025 of +4.5% compares favorably to the –14.4% total return for the Russell Microcap Index.1 The difference between our gross total return and our net total return, or change in NAV, of -4.7% to $4.42 as of March 31, 2025, was primarily the result of expenses related to our Business Combination, including almost $300,000 in additional professional fees resulting from the public efforts to derail our proposed Business Combination. Our day-to-day operating expenses declined by over 30% from Q1 2024.

    Public Portfolio Performance in Q1 2025

    The slide below shows the basis for our investment performance in Q1 2025:

    Ticker Symbol Shares Owned @ 12/31/24 Net Shares Purchased (Sold) During Quarter Shares Owned @ 3/31/25 Value @ 12/31/24 Cash (Invested) Received from Sales / Dividends Value @ 3/31/25 Value + Cash Received Total Q/Q Net Change % Change
    ACNT 377,750 (10,890) 366,860 $4,223,245 $133,731 $4,644,448 $4,778,179 $554,934 13.1%
    AREN 992,992 0 992,992 $1,330,609 $0 $1,717,876 $1,717,876 $387,267 29.1%
    AVNW 0 10,200 10,200 $0 ($210,768) $195,534 $195,534 ($15,234) (7.2%)
    BCOV 1,053,580 (1,053,580) 0 $4,583,073 $4,688,431 $0 $4,688,431 $105,358 2.3%
    CVGI 410,000 0 410,000 $1,016,800 $0 $471,500 $471,500 ($545,300) (53.6%)
    IVAC 1,046,597 (1,046,597) 0 $3,558,430 $4,293,141 $0 $4,293,141 $734,711 20.6%
    LTRX 656,139 12,572 668,711 $2,703,293 ($34,949) $1,665,090 $1,665,090 ($1,073,151) (39.2%)
    MAMA 0 20,000 20,000 $0 ($122,552) $130,200 $130,200 $7,648 6.2%
    PBPB 1,091,206 0 1,091,206 $10,279,161 $0 $10,377,369 $10,377,369 $98,209 1.0%
    PBPB/WS 80,605 0 80,605 $351,558 $0 $327,256 $327,256 ($24,301) (6.9%)
    RFIL 472,506 0 472,506 $1,847,498 $0 $2,216,053 $2,216,053 $368,555 19.9%
    SCOR 400,451 0 400,451 $2,338,634 $0 $2,751,098 $2,751,098 $412,465 17.6%
    SNCR 854,788 0 854,788 $8,205,965 $0 $9,308,641 $9,308,641 $1,102,677 13.4%
    SNCR-RS 12,000 12,000 24,000 $103,665 $0 $222,784 $222,784 $119,119 114.9%
    Total Other   $0 ($193,561) $185,350 $185,350 ($8,211) (4.2%)
    Total Public Portfolio $40,541,931 $8,553,473 $34,213,199 $43,328,502 $2,224,746  
    Public Portfolio Gross Total Return (Excluding Carried Interest from SMA) 4.5%
    Public Portfolio Gross Total Return (Including Carried Interest from SMA) 4.5%

    I, as the largest individual shareholder of 180 Degree Capital, and Daniel as a top-ten shareholder, could not be more excited about the future of the combined entity. We are not the only ones who understand the potential for value creation from this Business Combination. Some of our largest shareholders have signed either voting agreements or non-binding indications of support, that when combined with ownership of management and the board, account for approximately 27% of our outstanding shares in the aggregate. We appreciate the time and consideration these shareholders spent to understand the merits of this proposed Business Combination and their support for it. We also appreciate the time and interest of new shareholders who have become interested in 180 Degree Capital’s common stock because of the proposed Business Combination.

    We believe the proposed Business Combination to be the best opportunity to build value for all shareholders of 180 Degree Capital. We believe strongly in its future under the leadership of Ted and his colleagues. I have been an investor in the public markets for 35 years, during which time investors entrusted me with billions of dollars of capital. We are interested in building true value for shareholders over the short and long term. We believe this combination achieves both of these objectives. We look forward to discussing these updates to our preliminary joint proxy statement/prospectus and to having robust conversations with all of our current and potential future shareholders. Feel free to reach out to us at any time and thank you, as always, for your support.

    All the best,

    Kevin M. Rendino
    Chairman and Chief Executive Officer

    The table below summarizes 180 Degree Capital’s performance over periods of time through the end of Q1 20251:

      Quarter 1 Year 5 Year Inception to Date
      Q1 2025 Q1 2024- Q1 2025 Q1 2020- Q1 2025 Q4 2016- Q1 2025
    TURN Public Portfolio Gross Total Return
    (Excluding SMA Carried Interest)    		 4.5% 5.6% -6.8% 198.7%
    TURN Public Portfolio Gross Total Return
    (Including SMA Carried Interest)    		 4.5% 0.8% 43.8% 218.3%
             
    Change in NAV -4.7% -14.3% -30.5% -37.0%
             
    Change in Stock Price 8.2% -7.5% -2.6% -4.1%
             
    Russell Microcap Index -14.4% -7.0% 76.1% 44.3%
    Russell Microcap Growth Index -17.8% -5.0% 43.5% 29.6%
    Russell Microcap Value Index -11.3% -6.0% 106.7% 57.7%
    Russell 2000 Index -9.5% -4.0% 86.2% 65.3%
    Lipper Peer Group -10.1% -6.6% 113.2% 66.1%


    About 180 Degree Capital Corp.

    180 Degree Capital Corp. is a publicly traded registered closed-end fund focused on investing in and providing value-added assistance through constructive activism to what we believe are substantially undervalued small, publicly traded companies that have potential for significant turnarounds. Our goal is that the result of our constructive activism leads to a reversal in direction for the share price of these investee companies, i.e., a 180-degree turn. Detailed information about 180 Degree Capital and its holdings can be found on its website at www.180degreecapital.com.

    Press Contact:
    Daniel B. Wolfe
    Robert E. Bigelow
    180 Degree Capital Corp.
    973-746-4500
    ir@180degreecapital.com

    Additional Information and Where to Find It

    In connection with the proposed Business Combination, 180 Degree Capital intends to file with the SEC and mail to its shareholders a proxy statement on Schedule 14A (the “Proxy Statement”), containing a form of WHITE proxy card. In addition, the surviving Delaware corporation, Mount Logan Capital Inc. (“New Mount Logan”) plans to file with the SEC a registration statement on Form S-4 (the “Registration Statement”) that will register the exchange of New Mount Logan shares in the Business Combination and include the Proxy Statement and a prospectus of New Mount Logan (the “Prospectus”). The Proxy Statement and the Registration Statement (including the Prospectus) will each contain important information about 180 Degree Capital, Mount Logan, New Mount Logan, the Business Combination and related matters. SHAREHOLDERS OF 180 DEGREE CAPITAL AND MOUNT LOGAN ARE URGED TO READ THE PROXY STATEMENT AND PROSPECTUS CONTAINED IN THE REGISTRATION STATEMENT AND OTHER DOCUMENTS THAT ARE FILED OR WILL BE FILED WITH THE APPLICABLE SECURITIES REGULATORY AUTHORITIES AS WELL AS ANY AMENDMENTS OR SUPPLEMENTS TO THESE DOCUMENTS CAREFULLY AND IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT 180 DEGREE CAPITAL, MOUNT LOGAN, NEW MOUNT LOGAN, THE BUSINESS COMBINATION AND RELATED MATTERS. Investors and security holders may obtain copies of these documents and other documents filed with the applicable securities regulatory authorities free of charge through the website maintained by the SEC at https://www.sec.gov and the website maintained by the Canadian securities regulators at www.sedarplus.ca. Copies of the documents filed by 180 Degree Capital are also available free of charge by accessing 180 Degree Capital’s investor relations website at https://ir.180degreecapital.com.

    Certain Information Concerning the Participants

    180 Degree Capital, its directors and executive officers and other members of management and employees may be deemed to be participants in the solicitation of proxies in connection with the Business Combination. Information about 180 Degree Capital’s executive officers and directors is available in 180 Degree Capital’s Annual Report filed on Form N-CSR for the year ended December 31, 2024, which was filed with the SEC on February 14, 2025, and in its proxy statement for the 2024 Annual Meeting of Shareholders (“2024 Annual Meeting”), which was filed with the SEC on March 1, 2024. To the extent holdings by the directors and executive officers of 180 Degree Capital securities reported in the proxy statement for the 2024 Annual Meeting have changed, such changes have been or will be reflected on Statements of Change in Ownership on Forms 3, 4 or 5 filed with the SEC. These documents are or will be available free of charge at the SEC’s website at https://www.sec.gov. Additional information regarding the persons who may, under the rules of the SEC, be considered participants in the solicitation of the 180 Degree Capital shareholders in connection with the Business Combination will be contained in the Proxy Statement when such document becomes available.

    Mount Logan, its directors and executive officers and other members of management and employees may be deemed to be participants in the solicitation of proxies from the shareholders of Mount Logan in favor of the approval of the Business Combination. Information about Mount Logan’s executive officers and directors is available in Mount Logan’s annual information form dated March 13, 2025, available on its website at https://mountlogancapital.ca/investor-relations and on SEDAR+ at https://www.sedarplus.com. To the extent holdings by the directors and executive officers of Mount Logan securities reported in Mount Logan’s annual information form have changed, such changes have been or will be reflected on insider reports filed on SEDI at https://www.sedi.ca/sedi/. Additional information regarding the persons who may, under the rules of the SEC, be considered participants in the solicitation of the Mount Logan shareholders in connection with the Business Combination will be contained in the Prospectus included in the Registration Statement when such document becomes available.

    Non-Solicitation

    This letter and the materials accompanying it are not intended to be, and shall not constitute, an offer to buy or sell or the solicitation of an offer to buy or sell any securities, or a solicitation of any vote or approval, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offering of securities shall be made, except by means of a prospectus meeting the requirements of Section 10 of the U.S. Securities Act of 1933, as amended.

    Forward-Looking Statements

    This letter and the materials accompanying it, and oral statements made from time to time by representatives of 180 Degree Capital and Mount Logan, may contain statements of a forward-looking nature relating to future events within the meaning of federal securities laws. Forward-looking statements may be identified by words such as “anticipates,” “believes,” “could,” “continue,” “estimate,” “expects,” “intends,” “will,” “should,” “may,” “plan,” “predict,” “project,” “would,” “forecasts,” “seeks,” “future,” “proposes,” “target,” “goal,” “objective,” “outlook” and variations of these words or similar expressions (or the negative versions of such words or expressions). Forward-looking statements are not statements of historical fact and reflect Mount Logan’s and 180 Degree Capital’s current views about future events. Such forward-looking statements include, without limitation, statements about the benefits of the Business Combination involving Mount Logan and 180 Degree Capital, including future financial and operating results, Mount Logan’s and 180 Degree Capital’s plans, objectives, expectations and intentions, the expected timing and likelihood of completion of the Business Combination, and other statements that are not historical facts, including but not limited to future results of operations, projected cash flow and liquidity, business strategy, payment of dividends to shareholders of New Mount Logan, and other plans and objectives for future operations. No assurances can be given that the forward-looking statements contained in this press release will occur as projected, and actual results may differ materially from those projected. Forward-looking statements are based on current expectations, estimates and assumptions that involve a number of risks and uncertainties that could cause actual results to differ materially from those projected. These risks and uncertainties include, without limitation, the ability to obtain the requisite Mount Logan and 180 Degree Capital shareholder approvals; the risk that Mount Logan or 180 Degree Capital may be unable to obtain governmental and regulatory approvals required for the Business Combination (and the risk that such approvals may result in the imposition of conditions that could adversely affect New Mount Logan or the expected benefits of the Business Combination); the risk that an event, change or other circumstance could give rise to the termination of the Business Combination; the risk that a condition to closing of the Business Combination may not be satisfied; the risk of delays in completing the Business Combination; the risk that the businesses will not be integrated successfully; the risk that the cost savings and any other synergies from the Business Combination may not be fully realized or may take longer to realize than expected; the risk that any announcement relating to the Business Combination could have adverse effects on the market price of Mount Logan’s common stock or 180 Degree Capital’s common stock; unexpected costs resulting from the Business Combination; the possibility that competing offers or acquisition proposals will be made; the risk of litigation related to the Business Combination; the risk that the credit ratings of New Mount Logan or its subsidiaries may be different from what the companies expect; the diversion of management time from ongoing business operations and opportunities as a result of the Business Combination; the risk of adverse reactions or changes to business or employee relationships, including those resulting from the announcement or completion of the Business Combination; competition, government regulation or other actions; the ability of management to execute its plans to meet its goals; risks associated with the evolving legal, regulatory and tax regimes; changes in economic, financial, political and regulatory conditions; natural and man-made disasters; civil unrest, pandemics, and conditions that may result from legislative, regulatory, trade and policy changes; and other risks inherent in Mount Logan’s and 180 Degree Capital’s businesses. Forward-looking statements are based on the estimates and opinions of management at the time the statements are made. Readers should carefully review the statements set forth in the reports, which 180 Degree Capital has filed or will file from time to time with the SEC and Mount Logan has filed or will file from time to time on SEDAR+.

    Neither Mount Logan nor 180 Degree Capital undertakes any obligation, and expressly disclaims any obligation, to publicly update any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by law. Any discussion of past performance is not an indication of future results. Investing in financial markets involves a substantial degree of risk. Investors must be able to withstand a total loss of their investment. The information herein is believed to be reliable and has been obtained from sources believed to be reliable, but no representation or warranty is made, expressed or implied, with respect to the fairness, correctness, accuracy, reasonableness or completeness of the information and opinions. The references and link to the website www.180degreecapital.com and mountlogancapital.ca have been provided as a convenience, and the information contained on such websites are not incorporated by reference into this press release. Neither 180 Degree Capital nor Mount Logan is responsible for the contents of third-party websites.

    1. Past performance is not an indication or guarantee of future performance. Gross unrealized and realized total returns of 180 Degree Capital’s cash and securities of publicly traded companies are compounded on a quarterly basis, and intra-quarter cash flows from investments in or proceeds received from privately held investments are treated as inflows or outflows of cash available to invest or withdrawn, respectively, for the purposes of this calculation. 180 Degree Capital is an internally managed registered closed-end fund that has a portion of its assets that are fair valued on a quarterly basis by the Valuation Committee of its Board of Directors, and 180 Degree Capital does not have an external manager that is paid fees based on assets and/or returns. Please see 180 Degree Capital’s filings with the SEC, including its 2024 Annual Report on Form N-CSR for information on its expenses and expense ratios.

    The MIL Network –

  • MIL-OSI: Nuvini Group Announces Participation in the Sidoti Micro-Cap Investor Conference

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, May 19, 2025 (GLOBE NEWSWIRE) — Nuvini Group Limited (Nasdaq: NVNI) (“Nuvini” or the “Company”), a leading acquirer of private B2B SaaS companies in Latin America, today announced that management will participate in the Sidoti Virtual Micro-Cap Conference being held on May 21-22, 2025.

    Nuvini Chief Executive Officer and Founder Pierre Schurmann will present virtually on Thursday, May 22 at 8:30a.m. Eastern Time. A link to the webcast and associated presentation materials can be accessed here and through the Company’s investor relations website.

    Additionally, management will be available for one-on-one meetings throughout the conference. To schedule a one-on-one meeting with Nuvini’s management please contact your Sidoti conference representative or reach out to investor relations at NVNI@mzgroup.us.

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

    Investor Relations Contact
    Sofia Toledo
    ir@nuvini.co

    MZ North America
    NVNI@mzgroup.us

    The MIL Network –

  • MIL-OSI: Enphase Energy Launches IQ Energy Management Solution in France

    Source: GlobeNewswire (MIL-OSI)

    FREMONT, Calif., May 19, 2025 (GLOBE NEWSWIRE) — Enphase Energy, Inc. (NASDAQ: ENPH), a global energy technology company and the world’s leading supplier of microinverter-based solar and battery systems, today introduced IQ® Energy Management that integrates with Enphase solar and battery systems to enable smart management of variable electricity rates and select third-party electric vehicle (EV) chargers, heat pumps, and resistive electric water heaters in France. Homeowners can save money and maximize self-consumption through artificial intelligence (AI)-driven management of key home energy appliances – all controlled from the Enphase® App.

    In France, electrification is booming, with EV deployments up 400% since 2020 and a goal to manufacture one million new heat pumps by 2027. Recent data also shows that approximately 40% of all homes in France – 15 million homes – use electric water heaters, which can represent up to 20% of a household’s energy consumption. The IQ Energy Management solution consists of the IQ® Energy Router™ suite of products which comes with a 5-year warranty in France and works with leading EV chargers, heat pumps, and resistive electric water heaters.

    “Enphase’s IQ Energy Management is a smart solution for managing key home appliances more efficiently,” said Ludovic Vallée, general manager at Sun7, an installer of Enphase products in France. “It helps our customers maximize their solar energy use by intelligently managing EV chargers, heat pumps, and water heaters, ultimately helping users lower their energy costs and boosting energy independence.”

    “As more homeowners in France turn to smart energy solutions, they’re looking for flexibility and savings,” said Kevin Arteaga, manager at SAS Les Panneaux Solaires, an installer of Enphase products in France. “IQ Energy Management with the IQ Energy Router gives them the tools to better manage when and how they use electricity, helping them get the most out of their solar energy systems.”

    “This is a major step forward for smart energy solutions for residential homes in France,” said Alexandre Sibut, co-manager at Activ’Environnement 38, a Platinum level installer of Enphase products in France. “With significant annual savings potential on electricity bills, IQ Energy Management helps our customers to improve their self-consumption rate by steering excess production to critical energy needs and thus optimizing their solar investment.”

    “As part of our vision for smarter, more flexible energy management, we’re proud to offer homeowners in France a powerful solution to get more value from their solar,” said Sabbas Daniel, senior vice president of sales at Enphase Energy. “IQ Energy Management makes it possible to optimize electricity usage across key appliances using the Enphase App, driving savings, self-consumption, and energy resilience – all from one intelligent system.”

    For more information, please visit Enphase’s website for IQ Energy Management and the IQ Energy Router suite of products in France.

    About Enphase Energy, Inc.

    Enphase Energy, a global energy technology company based in Fremont, CA, is the world’s leading supplier of microinverter-based solar and battery systems that enable people to harness the sun to make, use, save, and sell their own power – and control it all with a smart mobile app. The company revolutionized the solar industry with its microinverter-based technology and builds all-in-one solar, battery, and software solutions. Enphase has shipped approximately 81.5 million microinverters, and approximately 4.8 million Enphase-based systems have been deployed in over 160 countries. For more information, visit https://enphase.com/.

    ©2025 Enphase Energy, Inc. All rights reserved. Enphase Energy, Enphase, the “e” logo, IQ, IQ8, and certain other marks listed at https://enphase.com/trademark-usage-guidelines are trademarks or service marks of Enphase Energy, Inc. Other names are for informational purposes and may be trademarks of their respective owners.

    Forward-Looking Statements

    This press release may contain forward-looking statements, including statements related to the expected capabilities and performance of Enphase Energy’s technology and products, including safety, quality, and reliability; Enphase Energy’s expectations of homeowners’ ability to save money and maximize self-consumption through the intelligent management of these key home electricity appliances and statements regarding the timing and availability Enphase Energy’s products in France. These forward-looking statements are based on Enphase Energy’s current expectations and inherently involve significant risks and uncertainties. Actual results and the timing of events could differ materially from those contemplated by these forward-looking statements as a result of such risks and uncertainties including those risks described in more detail in Enphase Energy’s most recently filed Annual Report on Form 10-K, and other documents filed by Enphase Energy from time to time with the SEC. Enphase Energy undertakes no duty or obligation to update any forward-looking statements contained in this release as a result of new information, future events or changes in its expectations, except as required by law.

    Contact:

    Enphase Energy

    press@enphaseenergy.com

    This press release was published by a CLEAR® Verified individual.

    The MIL Network –

  • MIL-OSI: Circuits Integrated Hellas Launches Game-Changing Kythrion Satcom Chipset

    Source: GlobeNewswire (MIL-OSI)

    ATHENS, Greece, May 19, 2025 (GLOBE NEWSWIRE) — Circuits Integrated Hellas (CIH), a pioneering innovator in advanced satellite communication (Satcom) technology, today launched Kythrion™, its revolutionary chipset platform engineered to transform the satellite communications (Satcom) landscape. Designed from the ground up to meet the extreme demands of modern aerospace, defense, and connectivity networks, Kythrion sets new benchmarks for performance, miniaturization, and sustainability in flat panel antenna (FPA) design.

    Kythrion is the first integrated solution that combines transmit, receive, and antenna functionality within a proprietary 3D antenna-in-package (AiP) and system-in-package (SiP) architecture. By vertically stacking compound III-V semiconductors like gallium arsenide (GaAs) and gallium nitride (GaN) with silicon technologies, Kythrion delivers over 60% reduction in antenna size, weight, power and cost (SWaP-C), while increasing thermal performance—without the need to overhaul existing manufacturing infrastructure.

    Kythrion addresses the limitations of legacy flat panel phased array antennas, which often account for up to 20% of satellite payload mass and introduce design trade-offs in size, cost, and power. By eliminating unnecessary PCB layers and consolidating RF, logic, and antenna elements in a dense 3D chip, Kythrion enables Satcom operators to do more with less—fitting more advanced sensors on Earth observation platforms, including low Earth-orbit (LEO) satellites, extending mission lifetimes, and reducing launch costs.

    “There is nothing else like Kythrion on the market today,” said Paolo Fioravanti, CIH co-founder and CEO. “It’s a true game-changer—engineered to improve FPA performance; to fundamentally reshape how Satcom platforms are designed, deployed, and scaled; and to contribute to environmental change efforts by enabling better, more consistent capture and analysis of Earth observation data.”

    Users of Earth observation platforms face shrinking data windows and urgent demand for real-time, high-throughput connectivity. With up to 20x bandwidth improvements and dramatic mass reduction, Kythrion empowers satellite operators to integrate more sophisticated payloads—such as high-resolution sensors, multispectral imaging systems, or artificial intelligence (AI)-driven analytics—without requiring larger spacecraft or booster upgrades.

    Kythrion also represents a breakthrough in sustainable design. By leveraging existing semiconductor materials and infrastructure, the platform avoids costly capital-intensive retooling and minimizes carbon-intensive manufacturing inputs. This reuse-first approach aligns with growing industry and government calls for climate-conscious innovation in space technologies.

    “Kythrion is not about reinventing the wheel—it’s about reengineering how we use it,” said Giannis Kontogiannopoulos, CIH co-founder and CTO. “From the materials we source to the missions we enable, we’re making it possible to scale Satcom capabilities sustainably, affordably, and globally. Kythrion positions CIH as a true enabler for next-gen satellite technology.”

    CIH is making Kythrion available as a flexible platform that supports chip sales, design-for-license engagements, or custom integration. The platform is currently undergoing packaging and stress validation, with early-stage demonstrators expected in late Q3 2025 and general availability in Q2 2026. Patent protections are in place for Kythrion’s core design and packaging architecture, with additional filings in development to cover future enhancements.

    CIH executives will be available to meet with attendees interested in learning more about Kythrion and its implications for the future of Satcom technology during Space Meetings Veneto, May 20-22, in Venice, Italy, in Startup Booth 7. CEO Paolo Fioravanti will also present a workshop at the conference, titled “Evolution of SATCOM and Next Hardware Leap in the Eye of a Start-Up,” on Wednesday, May 21, at 10 a.m.

    For more information or to schedule a meeting at the event, contact CIH: info@circuitsintegrated.com.

    About Circuits Integrated Hellas
    Headquartered in Athens, Greece, CIH is revolutionizing space communications with advanced semiconductor technologies, merging III-V materials and silicon in groundbreaking 3D IC stacks for flat panel antennas (FPAs). Focused on miniaturization, cost efficiency, and unparalleled performance, CIH enables next-generation satellite connectivity, powering a future where seamless global communication knows no boundaries. For more information, visit circuitsintegrated.com.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/52d6a2ec-89d3-4ca1-aa0a-56be05437b5e

    The MIL Network –

  • MIL-OSI: Oxford Lane Capital Corp. Announces Net Asset Value and Selected Financial Results for the Fourth Fiscal Quarter and Provides April Net Asset Value Update

    Source: GlobeNewswire (MIL-OSI)

    GREENWICH, Conn., May 19, 2025 (GLOBE NEWSWIRE) — Oxford Lane Capital Corp. (NasdaqGS: OXLC) (NasdaqGS: OXLCP) (NasdaqGS: OXLCL) (NasdaqGS: OXLCO) (NasdaqGS: OXLCZ) (NasdaqGS: OXLCN) (NasdaqGS: OXLCI) (NasdaqGS: OXLCG) (“Oxford Lane,” the “Company,” “we,” “us” or “our”) announced today the following financial results and related information:

    • As previously announced, on March 26, 2025, our Board of Directors declared the following distributions on our common stock:
    Month Ending Record Date Payment Date Amount Per Share
    July 31, 2025 July 17, 2025 July 31, 2025 $0.09
    August 31, 2025 August 15, 2025 August 29, 2025 $0.09
    September 30, 2025 September 16, 2025 September 30, 2025 $0.09
     
    • Net asset value (“NAV”) per share as of March 31, 2025 stood at $4.32, compared with a NAV per share on December 31, 2024 of $4.82.
    • In addition, management’s unaudited estimate of the range of the NAV per share of our common stock as of April 30, 2025, is between $3.98 and $4.08. This estimate is not a comprehensive statement of our financial condition or results for the month ended April 30, 2025. This estimate did not undergo the Company’s typical quarter-end financial closing procedures and was not approved by our Board of Directors. We advise you that our NAV per share for the quarter ending June 30, 2025 may differ materially from this estimate, which is given only as of April 30, 2025. See additional information under “Supplemental Information Regarding April Net Asset Value Estimate” below.
    • Net investment income (“NII”), calculated in accordance with U.S. generally accepted accounting principles (“GAAP”), was approximately $75.4 million, or $0.18 per share, for the quarter ended March 31, 2025.
    • Our core net investment income (“Core NII”) was approximately $95.8 million, or $0.23 per share, for the quarter ended March 31, 2025.
      • Core NII incorporates all applicable cash distributions received, or entitled to be received (if any, in either case), on our collateralized loan obligation (“CLO”) equity investments. See additional information under “Supplemental Information Regarding Core Net Investment Income” below.
      • We emphasize that our taxable income may differ materially from our GAAP NII and/or our Core NII, and that neither GAAP NII nor Core NII should be relied upon as indicators of our taxable income.
    • Total investment income for the quarter ended March 31, 2025 amounted to approximately $121.2 million, which represented an increase of approximately $6.7 million from the quarter ended December 31, 2024.
      • For the quarter ended March 31, 2025 we recorded investment income as follows:
        • Approximately $115.3 million from our CLO equity and CLO warehouse investments, and
        • Approximately $5.9 million from our CLO debt investments and other income.
    • Our total expenses for the quarter ended March 31, 2025 were approximately $45.8 million, compared with total expenses of approximately $42.0 million for the quarter ended December 31, 2024.
    • As of March 31, 2025, the following metrics applied (note that none of these metrics represented a total return to shareholders):
      • The weighted average yield of our CLO debt investments at current cost was 15.9%, down from 16.6% as of December 31, 2024.
      • The weighted average effective yield of our CLO equity investments at current cost was 15.9%, down from 16.1% as of December 31, 2024.
      • The weighted average cash distribution yield of our CLO equity investments at current cost was 20.5%, down from 23.9% as of December 31, 2024.
    • For the quarter ended March 31, 2025, we recorded a net decrease in net assets resulting from operations of approximately $120.8 million, or $0.28 per share, comprised of:
      • NII of approximately $75.4 million;
      • Net realized losses of approximately $8.5 million; and
      • Net unrealized depreciation of approximately $187.7 million.
    • During the quarter ended March 31, 2025, we made additional investments of approximately $526.2 million, and received approximately $136.0 million from sales and repayments of our CLO investments.
    • For the quarter ended March 31, 2025, we issued a total of approximately 60.7 million shares of common stock pursuant to an “at-the-market” offering. After deducting the sales agent’s commissions and offering expenses, this resulted in net proceeds of approximately $300.5 million. As of March 31, 2025, we had approximately 453.2 million shares of common stock outstanding and as of April 30, 2025, we had approximately 467.3 million shares of common stock issued and outstanding.
    • On May 15, 2025, our Board of Directors declared the required monthly dividends on our 6.25% Series 2027 Term Preferred Shares, 6.00% Series 2029 Term Preferred Shares, and 7.125% Series 2029 Term Preferred Shares as follows:
    Preferred
    Shares Type    		 Per Share
    Dividend
    Amount
    Declared    		 Record Dates Payment Dates
    6.25% – Series 2027   $ 0.13020833   June 16, 2025, July 17, 2025, August 15, 2025 June 30, 2025, July 31, 2025, August 29, 2025
    6.00% – Series 2029   $ 0.12500000   June 16, 2025, July 17, 2025, August 15, 2025 June 30, 2025, July 31, 2025, August 29, 2025
    7.125% – Series 2029   $ 0.14843750   June 16, 2025, July 17, 2025, August 15, 2025 June 30, 2025, July 31, 2025, August 29, 2025

    In accordance with their terms, each of the 6.25% Series 2027 Term Preferred Shares, 6.00% Series 2029 Term Preferred Shares, and 7.125% Series 2029 Term Preferred Shares will pay a monthly dividend at a fixed rate of 6.25%, 6.00% and 7.125%, respectively, of the $25.00 per share liquidation preference, or $1.5625, $1.5000 and $1.78125 per share per year, respectively. This fixed annual dividend rate is subject to adjustment under certain circumstances, but will not, in any case, be lower than 6.25%, 6.00% and 7.125% per year, respectively, for each of the 6.25% Series 2027 Term Preferred Shares, 6.00% Series 2029 Term Preferred Shares and 7.125% Series 2029 Term Preferred Shares.

    Supplemental Information Regarding April Net Asset Value Estimate

    The fair value of the Company’s portfolio investments may be materially impacted after April 30, 2025 by circumstances and events that are not yet known. To the extent the Company’s portfolio investments are impacted by market volatility in the U.S. or worldwide, the Company may experience a material impact on its future net investment income, the fair value of its portfolio investments, its financial condition and the financial condition of its portfolio investments. Investing in our securities involves a number of significant risks. For a discussion of the additional risks applicable to an investment in our securities, please refer to the section titled “Risk Factors” in our prospectus and the section titled “Principal Risks” in our most recent annual report or semi-annual report, as applicable.

    The unaudited estimate of the range of the NAV per share of our common stock as of April 30, 2025 included in this press release (the “preliminary financial data”) has been prepared by, and is the responsibility of, Oxford Lane Capital Corp.’s management. PricewaterhouseCoopers LLP has not audited, reviewed, compiled, or applied agreed-upon procedures with respect to the preliminary financial data. Accordingly, PricewaterhouseCoopers LLP does not express an opinion or any other form of assurance with respect thereto.

    Supplemental Information Regarding Core Net Investment Income 

    We provide information relating to Core NII (a non-GAAP measure) on a supplemental basis. This measure is not provided as a substitute for GAAP NII, but in addition to it. Our non-GAAP measures may differ from similar measures by other companies, even in the event of similar terms being utilized to identify such measures. Core NII represents GAAP NII adjusted for additional applicable cash distributions received, or entitled to be received (if any, in either case), on our CLO equity investments. Oxford Lane’s management uses this information in its internal analysis of results and believes that this information may be informative in assessing the quality of Oxford Lane’s financial performance, identifying trends in its results and providing meaningful period-to-period comparisons.

    Income from investments in the “equity” class securities of CLO vehicles, for GAAP purposes, is recorded using the effective interest method; this is based on an effective yield to the expected redemption utilizing estimated cash flows, at current cost, including those CLO equity investments that have not made their inaugural distribution for the relevant period end. The result is an effective yield for the investment in which the respective investment’s cost basis is adjusted quarterly based on the difference between the actual cash received, or distributions entitled to be received, and the effective yield calculation. Accordingly, investment income recognized on CLO equity securities in the GAAP statement of operations differs from the cash distributions actually received by the Company during the period (referred to below as “CLO equity adjustments”). 

    Furthermore, in order for the Company to continue qualifying as a regulated investment company for tax purposes, we are required, among other things, to distribute at least 90% of our investment company taxable income annually. While Core NII may provide a better indication of our estimated taxable income than GAAP NII during certain periods, we can offer no assurance that will be the case, however, as the ultimate tax character of our earnings cannot be determined until after tax returns are prepared at the close of a fiscal year. We note that this non-GAAP measure may not serve as a useful indicator of taxable earnings, particularly during periods of market disruption and volatility, and, as such, our taxable income may differ materially from our Core NII.

    The following table provides a reconciliation of GAAP NII to Core NII for the three months ended March 31, 2025:

      Three Months Ended  
    March 31, 2025  
      Amount   Per Share  
    Amount  
    GAAP net investment income…………………………………………   $ 75,354,120      $ 0.18   
    CLO equity adjustments……………………………………….………   20,458,574      0.05   
    Core net investment income……………………………………………   $ 95,812,694      $ 0.23   
                 

    We will host a conference call to discuss our fourth fiscal quarter results today, Monday, May 19, 2025 at 9:00 AM ET. Please call 1-833-470-1428, access code number 818188 to participate. A recording of the conference call will be available for replay for approximately 30 days following the call. The replay number is 1-866-813-9403, and the replay passcode is 138532.  

    A presentation containing additional details regarding our quarterly results of operations has been posted under the Investor Relations section of our website at www.oxfordlanecapital.com. 

    About Oxford Lane Capital Corp. 

    Oxford Lane Capital Corp. is a publicly-traded registered closed-end management investment company principally investing in debt and equity tranches of CLO vehicles. CLO investments may also include warehouse facilities, which are financing structures intended to aggregate loans that may be used to form the basis of a CLO vehicle.

    Forward-Looking Statements

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

    Contact:
    Bruce Rubin
    203-983-5280

    The MIL Network –

  • MIL-OSI: TORRAS Redefines the iPhone Case Market with Ostand, OAir, and OFitness Series — A Fusion of Design, Durability, and Intelligent Functionality

    Source: GlobeNewswire (MIL-OSI)

    LOS ANGELES, May 19, 2025 (GLOBE NEWSWIRE) — TORRAS, a global leader in premium mobile accessories, is once again setting new industry benchmarks with its latest iPhone case lineup, blending aesthetic elegance, user-first innovation, and intelligent engineering. The recently launched Ostand, OAir, and OFitness series for the iPhone 16 Pro/Pro Max are drawing enthusiastic praise from users and tech experts alike, firmly cementing TORRAS’s position as a brand that doesn’t just protect devices—it elevates lifestyles.

    From magnetic stands that outsmart Apple’s own ideas to rugged, fashion-forward finishes designed for movement and self-expression, TORRAS’s new collection is designed for the modern, on-the-go individual who refuses to compromise between form and function.

    Stylish Protection with a Purpose: The Ostand Series
    Leading the charge is the TORRAS Ostand Case, which has been dubbed by Yanko Design as the “magnetic twist Apple didn’t think of.” With an integrated SnapMag™ ring stand, the Ostand offers 360° rotation and 180° foldability, allowing users to prop up their phones for video calls, streaming, or workouts—without sacrificing wireless charging compatibility.
    Android Central recently called it “the best-looking iPhone 16 Pro Max case yet,” praising its ultra-slim profile and premium materials that make the case feel like a natural extension of the iPhone’s design language.

    Built with military-grade shock absorption and TORRAS’s signature X-SHOCK 3.0 corner cushions, the Ostand series combines minimalist aesthetics with uncompromising protection.

    Ultra-Lightweight, Ultra-Breathable: The OAir Series
    Designed for users who crave sleekness without sacrificing durability, the OAir Case reimagines what a super lightweight protective case can be. Weighing just 28g, featuring a dual-layer structure reinforced with aerospace-grade materials. Inspired by the cushioning technology of air-cushioned running shoes, this TORRAS phone case features integrated air pockets within its protective layer for enhanced shock absorption.

    As noted by AppleInsider, the OAir is “rugged, colorful, and versatile,” delivering both durability and creative color combinations that suit a variety of personal styles. Whether for urban commuters or casual creators, the OAir hits the sweet spot between bold expression and trustworthy defense.

    Built for Movement: The OFitness Case
    For users who are constantly on the move, TORRAS introduces the OFitness Case, tailored for athletes, outdoor enthusiasts, and fitness-minded professionals. With a built-in magnetic stand and breathable air channels, this case is optimized for sweaty workouts, fast-paced lifestyles, and ergonomic comfort.

    According to SlashGear, the OFitness is “stylish and practical”—built not just to keep up with your routine, but to enhance it. The case is sweat-resistant, textured for grip, and integrates seamlessly with MagSafe accessories and fitness mounts.

    Technology + Lifestyle: A Design-Driven Approach
    All three case series exemplify TORRAS’s growing focus on “Human-Tech Design”—a philosophy that combines smart materials, thoughtful ergonomics, and future-facing features to create products that feel intuitive and indispensable.

    “We’ve always believed that the best technology is invisible—it enhances your experience without drawing attention to itself,” said at TORRAS. “With the Ostand, OAir, and OFitness series, we’re delivering accessories that are not only functional and protective, but emotionally resonant with how people live, move, and create today.”

    Available Now
    The Ostand, OAir, and OFitness series are now available globally on TORRAS’s official website, Amazon, and select retail partners. The collection supports：
    OAir：iPhone 16promax iPhone16 pro、iPhone15promax;
    OFitness: iPhone16, 16 pro, 16 promax & iPhone15pro，iPhone15 promax

    About TORRAS Founded in 2012, TORRAS is a global lifestyle brand driven by innovation, quality, and user experience. With over 300 patents and a presence in more than 40 countries, TORRAS is committed to reimagining everyday technology accessories through bold design and intelligent function.

    Photos accompanying this announcement are available at https://www.globenewswire.com/NewsRoom/AttachmentNg/46970882-0db2-4620-8442-8ebc3a530248
    https://www.globenewswire.com/NewsRoom/AttachmentNg/4894eb80-7679-42ec-81a0-258a394fd553
    https://www.globenewswire.com/NewsRoom/AttachmentNg/0119200d-9b01-49e6-aa0f-693e83c1200f
    https://www.globenewswire.com/NewsRoom/AttachmentNg/2161512d-d19b-46b7-9baa-54d4678f857e

    The MIL Network –

  • MIL-OSI: Agenda

    Source: GlobeNewswire (MIL-OSI)

            19th May 2025
    Announcement no 43/2025

    To Jyske Bank A/S and the Board of Jyske Realkredit A/S        
            
    Jyske Realkredit holds an extraordinary General Meeting on Tuesday 3rd June 2025 at 8.30 at Klampenborgvej 205, DK 2800 Lyngby.

    Agenda

    (a)     Proposal from the Supervisory Board:

    Change in the management of Jyske Realkredit A/S
    Niels Erik Jakobsen resigns as Chairman of the Supervisory Board on the 3rd June 2025. The Board proposes Lars Stensgaard Mørch to join the Board on the 3rd June 2025.

    (b)     Any other Business

    The Board has chosen cand. jur. Steen Jul Petersen as Chairman of the General Meeting.

    Yours faithfully,

    Niels Erik Jakobsen
    Chairman

    Please observe that the Danish version of this announcement prevails.

    The MIL Network –

  • MIL-OSI: Gilat Reports First Quarter 2025 Results

    Source: GlobeNewswire (MIL-OSI)

    Revenues Increased 21% Year-over-Year with Adjusted EBITDA of $7.6 Million

    Reiterates Guidance for 2025

    PETAH TIKVA, Israel, May 19, 2025 (GLOBE NEWSWIRE) — Gilat Satellite Networks Ltd. (NASDAQ: GILT, TASE: GILT), a worldwide leader in satellite networking technology, solutions and services, today reported its results for the first quarter, ended March 31, 2025.

    First Quarter 2025 Financial Highlights

    • Revenues of $92million, up 21% compared with $76.1million in Q12024;
    • GAAP operating loss of $2.7 million,compared with GAAP operating income of $5.4 million in Q1 2024 mainly due to a loss of about $3.6 million from Gilat Stellar Blu’s ramp up process, amortization of purchased intangibles derived from the Stellar Blu acquisition, and other operating expenses, related to earnout liabilities and one-time acquisition-related costs;
    • Non-GAAP operating income of $5.2million, compared with $6.6million in Q1 2024;
    • GAAP net loss of $6.0 million, or $0.11 per share, compared with GAAP net income of $5.0 million, or $0.09 per diluted share, in Q1 2024;
    • Non-GAAP net income of $1.8 million, or $0.03 per diluted share, compared with $6.0 million, or $0.11 per diluted share, in Q1 2024;
    • Adjusted EBITDA of $7.6 million, compared with $9.3 million in Q1 2024, which includes a loss of about $3.6 million from Gilat Stellar Blu’s ramp up process. Adjusted EBITDA, excluding such loss, was $11.2 million.

    Forward-Looking Expectations

    The Company today reiterated its guidance for 2025.

    Expectations are for revenue between $415 and $455 million, representing year-over-year growth of 42% at the midpoint. Adjusted EBITDA is expected to be between $47 and $53 million, representing year-over-year growth of 18% at the midpoint.  

    Management Commentary

    Adi Sfadia, Gilat’s CEO, commented: “Gilat delivered solid Q1 2025 results, demonstrating strong execution across the company and positive impact from our new organizational structure. Gilat Defense is experiencing significant momentum, fueled by growing demand for its broad portfolio of products and services and is becoming an increasingly important contributor to our growth. This growth is supported by macro-geopolitical factors that are driving increased investment in secure, mission-critical communications worldwide.”

    Mr. Sfadia added, “Regarding Gilat Commercial, our IFC business continues to expand as we deliver on customer commitments and grow our market base. Gilat Stellar Blu’s ramp up is on track, and its Sidewinder ESA is now flying on over 150 aircraft, with strong feedback and additional orders expected very soon. We are collaborating with our partners to expand into new applications such as ISR and VVIP aviation. We’re also in the process of developing OEM installation and broader modem compatibility, further establishing Sidewinder as the go-to multi-orbit IFC solution.”

    Mr. Sfadia concluded, “Based on our strong beginning to 2025 and as Stellar Blu’s ramp up finalizes, we are on track to deliver a record year in both revenues and non-GAAP profitability as we capture the expanding opportunities in mission-critical communications and next-generation satellite solutions.”

    Key Recent Announcements

    • Gilat Receives Over $15 Million in Orders from Leading Satellite Operators
    • Gilat Receives a Multimillion Order from a Global Defense Organization
    • Gilat Receives over $11 Million Defense Contract from a Leading UAV Company
    • Gilat Awarded Up to $23 Million Multi-Year Contract to Service Satellite Transportable Terminal Units for US DoD Customers
    • Gilat Receives $6 Million Defense Contract to Provide Military Communications solutions in Asia-Pacific
    • Gilat Receives $4 Million in Orders for Advanced Portable Satellite Terminals from Global Defense Customers
    • Gilat Awarded Over $5 Million to Support Critical Connectivity for Defense Forces

    Conference Call Details

    Gilat’s management will discuss its first quarter 2025 results and business achievements and participate in a question-and-answer session:

    Date: Monday, May 19, 2025
    Start: 09:00 AM EST / 16:00 IST
    Dial-in: US: 1-888-407-2553
      International: +972-3-918-0609

    A simultaneous webcast of the conference call will be available on the Gilat website at http://www.gilat.com and through this link: https://veidan.activetrail.biz/gilatq1-2025.

    The webcast will also be archived for a period of 30 days on the Company’s website and through the link above.

    Non-GAAP Measures

    The attached summary unaudited financial statements were prepared in accordance with U.S. Generally Accepted Accounting Principles (GAAP). To supplement the consolidated financial statements presented in accordance with GAAP, the Company presents non-GAAP presentations of gross profit, operating expenses, operating income, income before taxes on income, net income, Adjusted EBITDA, and earnings per share. The adjustments to the Company’s GAAP results are made with the intent of providing both management and investors with a more complete understanding of the Company’s underlying operational results, trends, and performance. Non-GAAP financial measures mainly exclude, if and when applicable, the effect of stock-based compensation expenses, amortization of purchased intangibles, lease incentive amortization, other non-recurring expenses, other integration expenses, other operating expenses (income), net, and income tax effect on the relevant adjustments.

    Adjusted EBITDA is presented to compare the Company’s performance to that of prior periods and evaluate the Company’s financial and operating results on a consistent basis from period to period. The Company also believes this measure, when viewed in combination with the Company’s financial results prepared in accordance with GAAP, provides useful information to investors to evaluate ongoing operating results and trends. Adjusted EBITDA, however, should not be considered as an alternative to operating income or net income for the period and may not be indicative of the historic operating results of the Company; nor is it meant to be predictive of potential future results. Adjusted EBITDA is not a measure of financial performance under GAAP and may not be comparable to other similarly titled measures for other companies. Reconciliation between the Company’s net income and adjusted EBITDA is presented in the attached summary financial statements.

    Non-GAAP presentations of gross profit, operating expenses, operating income, income before taxes on income, net income, adjusted EBITDA and earnings per share should not be considered in isolation or as a substitute for any of the consolidated statements of operations prepared in accordance with GAAP, or as an indication of Gilat’s operating performance or liquidity.

    About Gilat

    Gilat Satellite Networks Ltd. (NASDAQ: GILT, TASE: GILT) is a leading global provider of satellite-based broadband communications. With over 35 years of experience, we create and deliver deep technology solutions for satellite, ground and new space connectivity and provide comprehensive, secure end-to-end solutions and services for mission-critical operations, powered by our innovative technology. We believe in the right of all people to be connected and are united in our resolution to provide communication solutions to all reaches of the world.

    Our portfolio includes a diverse offering to deliver high value solutions for multiple orbit constellations with very high throughput satellites (VHTS) and software defined satellites (SDS). Our offering is comprised of a cloud-based platform and high-performance satellite terminals; high performance Satellite On-the-Move (SOTM) antennas; highly efficient, high-power Solid State Power Amplifiers (SSPA) and Block Upconverters (BUC) and includes integrated ground systems for commercial and defense, field services, network management software, and cybersecurity services.

    Gilat’s comprehensive offering supports multiple applications with a full portfolio of products and tailored solutions to address key applications including broadband access, mobility, cellular backhaul, enterprise, defense, aerospace, broadcast, government, and critical infrastructure clients all while meeting the most stringent service level requirements. For more information, please visit: www.gilat.com

    Certain statements made herein that are not historical are forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995. The words “estimate”, “project”, “intend”, “expect”, “believe” and similar expressions are intended to identify forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties. Many factors could cause the actual results, performance or achievements of Gilat to be materially different from any future results, performance or achievements that may be expressed or implied by such forward-looking statements, including, among others, changes in general economic and business conditions, inability to maintain market acceptance to Gilat’s products, inability to timely develop and introduce new technologies, products and applications, rapid changes in the market for Gilat’s products, loss of market share and pressure on prices resulting from competition, introduction of competing products by other companies, inability to manage growth and expansion, loss of key OEM partners, inability to attract and retain qualified personnel, inability to protect the Company’s proprietary technology and risks associated with Gilat’s international operations and its location in Israel, including those related to the hostilities between Israel and Hamas. For additional information regarding these and other risks and uncertainties associated with Gilat’s business, reference is made to Gilat’s reports filed from time to time with the Securities and Exchange Commission. We undertake no obligation to update or revise any forward-looking statements for any reason.

    Contact:

    Gilat Satellite Networks
    Hagay Katz, Chief Products and Marketing Officer
    hagayk@gilat.com

    Alliance Advisors

    GilatIR@allianceadvisors.com
    Phone: +1 212 838 3777

    GILAT SATELLITE NETWORKS LTD.      
    CONSOLIDATED STATEMENTS OF INCOME (LOSS)      
    U.S. dollars in thousands (except share and per share data)      
        Three months ended
     March 31,
       
          2025       2024  
        Unaudited
             
    Revenues $ 92,037     $ 76,078  
    Cost of revenues   63,639       48,024  
             
    Gross profit   28,398       28,054  
             
    Research and development expenses, net   11,621       9,319  
    Selling and marketing expenses   8,202       7,077  
    General and administrative expenses   6,784       8,077  
    Other operating expenses (income), net   4,538       (1,810 )
             
    Total operating expenses   31,145       22,663  
             
    Operating income (loss)   (2,747 )     5,391  
             
    Financial income (expenses), net   (936 )     513  
             
    Income (loss) before taxes on income   (3,683 )     5,904  
             
    Taxes on income   (2,313 )     (940 )
             
    Net income (loss) $ (5,996 )   $ 4,964  
             
    Earnings (losses) per share (basic and diluted) $ (0.11 )   $ 0.09  
             
    Weighted average number of shares used in              
    computing earnings (losses) per share (Basic and Diluted)   57,037,671       57,016,585  
             
    GILAT SATELLITE NETWORKS LTD.
    RECONCILIATION BETWEEN GAAP AND NON-GAAP CONSOLIDATED STATEMENTS OF INCOME (LOSS)
    FOR COMPARATIVE PURPOSES
    U.S. dollars in thousands (except share and per share data)
        Three months ended   Three months ended
        March 31, 2025   March 31, 2024  
        GAAP   Adjustments (*)   Non-GAAP   GAAP   Adjustments (*)   Non-GAAP  
        Unaudited   Unaudited
                               
    Gross profit $ 28,398   810   $ 29,208   $ 28,054   726   $ 28,780
    Operating expenses 31,145   (7,090)   24,055   22,663   (499)   22,164
    Operating income (loss) (2,747)   7,900   5,153   5,391   1,225   6,616
    Income (loss) before taxes on income (3,683)   7,900   4,217   5,904   1,225   7,129
    Net income (loss) $ (5,996)   7,823   $ 1,827   $ 4,964   1,050   $ 6,014
                             
    Earnings (losses) per share (basic and diluted) $ (0.11)   $ 0.14   $ 0.03   $ 0.09   $ 0.02   $ 0.11
                             
                             
    Weighted average number of shares used in computing earnings (losses) per share                      
      Basic 57,037,671       57,037,671   57,016,585       57,016,585
      Diluted 57,037,671       58,005,232   57,016,585       57,108,734
                             
                             
     (*)  Adjustments reflect the effect of stock-based compensation expenses as per ASC 718, amortization of purchased intangibles, other operating income (expenses), net, other integration expenses and income tax effect on such adjustments which is calculated using the relevant effective tax rate.  
                             
            Three months ended           Three months ended    
            March 31, 2025           March 31, 2024    
            Unaudited           Unaudited    
                             
    GAAP net income (loss)   $ (5,996)           $ 4,964    
                           
    Gross profit                    
    Stock-based compensation expenses   173           150    
    Amortization of purchased intangibles   600           507    
    Other integration expenses   37           69    
          810           726    
    Operating expenses                    
    Stock-based compensation expenses   901           717    
    Stock-based compensation expenses related to business combination   607           1,324    
    Amortization of purchased intangibles   884           257    
    Other operating expenses (income), net *)   4,538           (1,810)    
    Other integration expenses   160           11    
            7,090           499    
                             
    Taxes on income   (77)           (175)    
                             
    Non-GAAP net income   $ 1,827           $ 6,014    
                             
                             
    *) Including M&A expenses related to business combinations in the amounts of $2,205 and $318 for the three months ended March 31, 2025 and 2024, respectively
                             
    GILAT SATELLITE NETWORKS LTD.      
    SUPPLEMENTAL INFORMATION      
    U.S. dollars in thousands      
           
           
    ADJUSTED EBITDA:      
           
       Three months ended
       March 31,
       2025     2024 
      Unaudited
           
    GAAP net income (loss) $ (5,996 )   $ 4,964  
    Adjustments:      
    Financial expenses (income), net   936       (513 )
    Taxes on income   2,313       940  
    Stock-based compensation expenses   1,074       867  
    Stock-based compensation expenses related to business combination   607       1,324  
    Depreciation and amortization (*)   3,962       3,481  
    Other operating expenses (income), net   4,538       (1,810 )
    Other integration expenses   197       80  
           
    Adjusted EBITDA $ 7,631     $ 9,333  
           
    (*) Including amortization of lease incentive      
           
    SEGMENT REVENUES:      
           
       Three months ended
       March 31,
        2025       2024  
      Unaudited
           
    Commercial $ 64,220     $ 41,193  
    Defense   23,011       17,230  
    Peru   4,806       17,655  
           
    Total revenues $ 92,037     $ 76,078  
           
    GILAT SATELLITE NETWORKS LTD.      
    CONSOLIDATED BALANCE SHEETS      
    U.S. dollars in thousands      
           
      March 31,   December 31,
        2025       2024  
      Unaudited   Audited
           
    ASSETS      
           
    CURRENT ASSETS:      
    Cash and cash equivalents $ 63,783     $ 119,384  
    Restricted cash   470       853  
    Trade receivables, net   49,164       49,600  
    Contract assets   33,394       24,941  
    Inventories   59,431       38,890  
    Other current assets   34,395       21,963  
           
       Total current assets   240,637       255,631  
           
    LONG-TERM ASSETS:      
    Restricted cash   13       12  
    Long-term contract assets   7,450       8,146  
    Severance pay funds   5,847       5,966  
    Deferred taxes   9,912       11,896  
    Operating lease right-of-use assets   6,400       6,556  
    Other long-term assets   8,539       5,288  
           
    Total long-term assets   38,161       37,864  
           
    PROPERTY AND EQUIPMENT, NET   69,878       70,834  
           
    INTANGIBLE ASSETS, NET   64,928       12,925  
           
    GOODWILL   169,444       52,494  
           
    TOTAL ASSETS $ 583,048     $ 429,748  
           
    GILAT SATELLITE NETWORKS LTD.      
    CONSOLIDATED BALANCE SHEETS (Cont.)      
    U.S. dollars in thousands      
           
      March 31,   December 31,
        2025       2024  
      Unaudited   Audited
           
    LIABILITIES AND SHAREHOLDERS’ EQUITY      
           
    CURRENT LIABILITIES:      
    Current maturities of long-term loan $ 3,000     $ –  
    Trade payables   20,364       17,107  
    Accrued expenses   48,245       45,368  
    Advances from customers and deferred revenues   71,701       18,587  
    Operating lease liabilities   2,865       2,557  
    Other current liabilities   24,617       17,817  
           
       Total current liabilities   170,792       101,436  
           
    LONG-TERM LIABILITIES:      
    Long-term loans   57,469       2,000  
    Accrued severance pay   6,536       6,677  
    Long-term advances from customers and deferred revenues   254       580  
    Operating lease liabilities   3,608       4,014  
    Other long-term liabilities   44,875       10,606  
           
       Total long-term liabilities   112,742       23,877  
           
    SHAREHOLDERS’ EQUITY:      
    Share capital – ordinary shares of NIS 0.2 par value   2,736       2,733  
    Additional paid-in capital   944,657       943,294  
    Accumulated other comprehensive loss   (6,411 )     (6,120 )
    Accumulated deficit   (641,468 )     (635,472 )
           
    Total shareholders’ equity   299,514       304,435  
           
    TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 583,048     $ 429,748  
           
    GILAT SATELLITE NETWORKS LTD.      
    CONSOLIDATED STATEMENTS OF CASH FLOWS      
    U.S. dollars in thousands      
           
      Three months ended
      March 31,
      2025   2024
      Unaudited
    Cash flows from operating activities:      
    Net income (loss) $ (5,996 )   $ 4,964  
    Adjustments required to reconcile net income (loss)      
     to net cash provided by (used in) operating activities:      
    Depreciation and amortization   3,905       3,425  
    Stock-based compensation expenses   1,681       2,191  
    Accrued severance pay, net   (22 )     (55 )
    Deferred taxes, net   1,984       451  
    Decrease (increase) in trade receivables, net   4,528       (8,797 )
    Decrease (increase) in contract assets   (7,798 )     6,248  
    Decrease in other assets and other adjustments (including short-term, long-term      
    and effect of exchange rate changes on cash, cash equivalents and restricted cash)   18,390       3,507  
    Increase in inventories   (11,456 )     (3,193 )
    Decrease in trade payables   (7,828 )     (666 )
    Decrease in accrued expenses   (6,358 )     (1,240 )
    Decrease in advances from customers and deferred revenues   (1,096 )     (2,754 )
    Increase in other liabilities   3,454       139  
    Net cash provided by (used in) operating activities   (6,612 )     4,220  
           
    Cash flows from investing activities:      
    Purchase of property and equipment   (1,490 )     (793 )
    Investment in other asset   (2,500 )     –  
    Acquisitions of subsidiary, net of cash acquired   (104,943 )     –  
    Net cash used in investing activities   (108,933 )     (793 )
           
    Cash flows from financing activities:      
    Repayment of short-term debt, net   –       (2,744 )
    Proceeds from long-term loan, net of associated costs   58,970       –  
    Net cash provided by (used in) financing activities   58,970       (2,744 )
           
    Effect of exchange rate changes on cash, cash equivalents and restricted cash   592       (268 )
           
    Increase (decrease) in cash, cash equivalents and restricted cash   (55,983 )     415  
           
    Cash, cash equivalents and restricted cash at the beginning of the period   120,249       104,751  
           
    Cash, cash equivalents and restricted cash at the end of the period $ 64,266     $ 105,166  
           

    The MIL Network –

  • MIL-OSI: Auction result of Treasury Bills – RIKV 25 0820 – RIKV 25 1119

    Source: GlobeNewswire (MIL-OSI)

    Series  RIKV 25 0820 RIKV 25 1119
    Settlement Date  05/21/2025 05/21/2025
    Total Amount Allocated (MM)  2,680 8,200
    All Bids Awarded At (Price / Simple interest)  98.067 / 7.798 96.214 / 7.783
    Total Number of Bids Received  9 23
    Total Amount of All Bids Received (MM)  10,130 18,300
    Total Number of Successful Bids  2 10
    Number of Bids Allocated in Full  2 10
    Lowest Price / Highest Simple Interest Allocated  98.067 / 7.798 96.214 / 7.783
    Highest Price / Lowest Simple Interest Allocated  98.079 / 7.748 96.281 / 7.640
    Lowest Price / Highest Simple Interest Allocated in Full  98.067 / 7.798 96.214 / 7.783
    Weighted Average of Successful Bids (Price/Simple Interest)  98.068 / 7.794 96.245 / 7.717
    Best Bid (Price / Simple Interest)  98.079 / 7.748 96.281 / 7.640
    Worst Bid (Price / Simple Interest)  98.018 / 7.999 96.136 / 7.950
    Weighted Average of All Bids Received (Price / Simple Interest)  98.052 / 7.859 96.214 / 7.783
    Percentage Partial Allocation (Approximate)  100.00 % 100.00 %
    Bid to Cover Ratio  3.78 2.23

    The MIL Network –

  • MIL-OSI: AMD Announces Agreement to Divest ZT Systems Data Center Infrastructure Manufacturing Business to Sanmina

    Source: GlobeNewswire (MIL-OSI)

    • $3 billion in cash and stock, inclusive of a contingent payment of up to $450 million
    • AMD retains ZT Systems’ rack-scale AI solutions design and customer enablement expertise to accelerate quality and time-to-deployment for cloud customers
    • Divestiture and preferred NPI manufacturing partnership with Sanmina consistent with intentions announced at the time of ZT Systems acquisition

    SANTA CLARA, Calif., May 19, 2025 (GLOBE NEWSWIRE) — AMD (NASDAQ: AMD) today announced it has entered into a definitive agreement to sell ZT Systems’ U.S.-headquartered data center infrastructure manufacturing business to Sanmina (NASDAQ: SANM), a leading integrated manufacturing solutions company. As part of the transaction, Sanmina becomes a preferred new product introduction (NPI) manufacturing partner for AMD cloud rack and cluster-scale AI solutions. AMD will retain ZT Systems’ world-class design and customer enablement teams to accelerate the quality and time-to-deployment of AMD AI systems for cloud customers.

    Sanmina will purchase the manufacturing business from AMD for $3 billion in cash and stock, inclusive of a contingent payment of up to $450 million and subject to customary adjustments for working capital and other items. The transaction is expected to close near the end of 2025, subject to regulatory approvals and customary closing conditions. The intent to seek a strategic partner to acquire ZT Systems’ world-class data center infrastructure manufacturing business was announced in August 2024 at the time of the original acquisition announcement.

    “By combining the deep experience of our AI systems design team with our new preferred NPI partnership with Sanmina, we expect to strengthen our U.S-based manufacturing capabilities for rack and cluster-scale AI systems and accelerate quality and time-to-market for our cloud customers,” said Forrest Norrod, executive vice president and general manager, Data Center Solutions business unit at AMD. “The ZT Systems manufacturing business and its expert team remain a very important and strategic partner to AMD. We look forward to working with Sanmina to deliver world-class design, quality and manufacturing of AMD AI solutions supported by our open ecosystem approach.”

    Sanmina is a U.S.-headquartered leading integrated manufacturing solutions provider serving the fastest growing segments of global Electronic Manufacturing Services (EMS), offering end-to-end design, manufacturing, logistics and repair solutions for OEMs across a variety of industries.

    “ZT Systems’ liquid cooling capabilities, high-quality manufacturing capacity and significant cloud and AI infrastructure experience are the perfect complement to Sanmina’s global portfolio, mission-critical technologies and vertical integration capabilities,” said Jure Sola, Chairman and CEO of Sanmina Corporation. “Together, we will be better able to deliver a competitive advantage to our customers with solutions for the entire product lifecycle. We look forward to our ongoing partnership with AMD as we work together to set the standard for quality and flexibility to benefit the entire AI ecosystem.”

    Advisors
    Morgan Stanley & Co. LLC is acting as exclusive financial advisor to AMD and Latham & Watkins LLP is serving as the company’s legal advisor.

    About AMD
    For more than 55 years AMD has driven innovation in high-performance computing, graphics and visualization technologies. Billions of people, leading Fortune 500 businesses and cutting-edge scientific research institutions around the world rely on AMD technology daily to improve how they live, work and play. AMD employees are focused on building leadership high-performance and adaptive products that push the boundaries of what is possible. For more information about how AMD is enabling today and inspiring tomorrow, visit the AMD (NASDAQ: AMD) website, blog, LinkedIn and X pages. 

    Cautionary Statement

    The statements in this press release includes forward-looking statements concerning Advanced Micro Devices, Inc. (“AMD”), ZT Group Int’l, Inc (“ZT Systems”) and Sanmina Corporation (“Sanmina”), the proposed transaction described herein and other matters. Forward-looking statements may discuss goals, intentions and expectations as to future plans, trends, events, results of operations or financial condition, or otherwise, based on current beliefs and involve numerous risks and uncertainties that could cause actual results to differ materially from expectations. Forward-looking statements speak only as of the date they are made or as of the dates indicated in the statements and should not be relied upon as predictions of future events, as there can be no assurance that the events or circumstances reflected in these statements will be achieved or will occur. Forward-looking statements can often, but not always, be identified by the use of forward-looking terminology including “believes,” “expects,” “may,” “will,” “should,” “seeks,” “intends,” “plans,” “pro forma,” “estimates,” “anticipates,” “designed,” or the negative of these words and phrases, other variations of these words and phrases or comparable terminology. The forward-looking statements relate to, among other things, Sanmina as a preferred NPI strategic partner and expected benefits and results from such preferred strategic partnership; AMD’s ability to accelerate the quality and time-to-deployment of AMD AI systems with ZT Systems design and customer enablement teams, obtaining applicable regulatory approvals, satisfying other closing conditions to the transaction, the expected timing of the transaction, the expected benefits to result from the transaction, AMD’s ability to accelerate AI innovation while providing the choice and open ecosystem options that customers want, the ability of AMD to leverage the systems expertise of the ZT Systems design team while optimizing AMD’s operational structure, and AMD’s ability to drive growth across its data center and AI businesses. These forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those contemplated by the statements. These risks include, among other things: failure to formalize the contemplated preferred NPI manufacturing partnership between AMD and Sanmina or the failure for such preferred strategic partnership to achieve its anticipated results; failure to accelerate the quality and time-to-deployment of AMD AI systems with ZT Systems design and customer enablement teams; failure to obtain applicable regulatory approvals in a timely manner or otherwise; failure to satisfy other closing conditions to the transaction or to complete the transaction on anticipated terms and timing; negative effects of the announcement of the transaction; risks that AMD will not realize expected benefits from the transaction or may take longer to realize than expected; the risk that disruptions from the transaction will harm business plans and operations; significant transaction costs, or difficulties and/or unknown or inestimable liabilities in connection with the transaction; restrictions during the pendency of the transaction that may impact the ability to pursue certain business opportunities or strategic transactions; the potential impact of the announcement or consummation of the transaction on AMD’s, Sanmina’s or either of their relationships with suppliers, customers, employees and regulators; and demand for AMD’s or Sanmina’s products. For a discussion of factors that could cause actual results to differ materially from those contemplated by forward-looking statements, see the section captioned “Risk Factors” in AMD’s Annual Report on Form 10-K for the fiscal year ended December 28, 2024, subsequent Quarterly Reports on Form 10-Q and other filings with the SEC. While the list of factors presented here is considered representative, no such list should be considered to be a complete statement of all potential risks and uncertainties. Unlisted factors may present significant additional obstacles to the realization of forward-looking statements. AMD does not assume, and hereby disclaims, any obligation to update forward-looking statements, except as may be required by law.

    Contact:
    Brandi Martina
    AMD Communications
    (512) 705-1720
    Brandi.Martina@amd.com

    Liz Stine
    AMD Investor Relations
    (720) 652-3965
    Liz.Stine@amd.com

    The MIL Network –

  • MIL-OSI: LanzaTech Announces First Quarter 2025 Financial Results

    Source: GlobeNewswire (MIL-OSI)

    CHICAGO, May 19, 2025 (GLOBE NEWSWIRE) — LanzaTech Global, Inc. (NASDAQ: LNZA) (“LanzaTech” or the “Company”), a carbon management solutions company, today reported its financial and operating results for the first quarter of 2025.

    Key Takeaways:

    • Reported total revenue of $9.5 million for the first quarter of 2025 as compared to $10.2 million for the first quarter of 2024. The year-over-year decrease was driven primarily by lower revenues in the biorefining and Joint Development Agreement (“JDA”) & Contract Research businesses, which was largely offset by a significant increase in CarbonSmart™ revenue.
    • Continued to shift the Company’s core operations from research and development to the global deployment of LanzaTech’s commercially proven technology, with incremental actions being taken to sharpen the business focus, streamline operations, and improve the Company’s cost structure.
    • Closed $40 million of preferred equity capital in May of 2025; however, after completing its assessment as required by Generally Accepted Accounting Principles (“GAAP”), management has concluded that its continuing actions such as ongoing liquidity initiatives, together with the terms of the preferred capital, and the execution of cost reduction plans, do not alleviate substantial doubt about the Company’s ability to continue as a going concern.

    First Quarter 2025 Financial Results
    The table below outlines key results for the first quarter of 2025:

    All amounts in millions ($) Three Months Ended March 31,
        2025       2024  
    Revenue $ 9.5     $ 10.2  
    Cost of revenue   7.5       6.8  
    Gross Profit   2.0       3.4  
    Operating expenses   33.0       29.6  
    Net loss   (19.2 )     (25.5 )
    Adjusted EBITDA loss (1) $ (30.5 )   $ (22.1 )
                   

    (1)   See “Non-GAAP Financial Measures” and “Reconciliations of GAAP Net Loss to Adjusted EBITDA” sections herein for an explanation and reconciliations of non-GAAP measures used throughout this release.

    Revenue

    • Reported total revenue of $9.5 million for the first quarter of 2025 as compared to total revenue of $10.2 million for the first quarter of 2024. The decrease was driven primarily by lower biorefining and JDA & Contract Research revenues year-over-year, which were offset by a significant increase in CarbonSmart revenue:
      • Biorefining revenue for the first quarter of 2025 was $2.9 million as compared to $5.0 million for the first quarter of 2024. The year-over-year decrease was driven primarily by the first quarter of 2024 benefiting from engineering and other services contracts with existing customers which have since reached the completion of their current development phase.
      • JDA & Contract Research revenue for the first quarter of 2025 was $2.4 million as compared to $4.3 million for the first quarter of 2024. The year-over-year decline was attributable to the completion of certain government projects during 2024, compounded by a period of downtime prior to new projects commencing.
      • CarbonSmart revenue for the first quarter of 2025 was $4.2 million as compared to $0.9 million for the first quarter of 2024. The year-over-year increase was attributable to incremental direct fuel sales as a result of establishing licensing arrangements, identifying partners, and developing supply chain infrastructure during the third quarter of 2024.

    Cost of Revenue

    • For the first quarter of 2025, the cost of revenue was $7.5 million as compared to $6.8 million for the first quarter of 2024. The year-over-year increase was driven in part by a change in revenue mix related to a rise in revenue generated by CarbonSmart, which is a lower margin business as compared to biorefining and JDA & Contract Research. Additionally, the biorefining business experienced margin contraction during the first quarter of 2025 as compared to the same period in 2024 as a result of customer mix.

    Operating Expenses

    • For the first quarter of 2025, operating expenses were $33.0 million as compared to $29.6 million for the first quarter of 2024. The year-over-year increase was primarily driven by incremental costs associated with sharpening the business focus, streamlining operations, and evaluating strategic options.

    Net Loss

    • For the first quarter of 2025, net losses were $19.2 million as compared $25.5 million for the first quarter of 2024. Net loss decreased year-over-year primarily as a result of a $17.9 million non-cash gain on financial instruments being recorded in the first quarter of 2025, that was partially offset by expenses incurred associated with evaluating strategic options and a $6.5 million non-cash loss recorded related to equity method investees.

    Adjusted EBITDA Loss

    • For the first quarter of 2025, adjusted EBITDA loss was $30.5 million as compared to $22.1 million for the first quarter of 2024. The increase in adjusted EBITDA loss year-over-year was primarily attributable to higher selling, general and administrative expenses as a result of evaluating strategic options, along with lower revenue and higher cost of sales period-over-period.

    Balance Sheet and Liquidity
    As of March 31, 2025, LanzaTech had $23.4 million in total cash, restricted cash, and investments, compared to total cash of $58.1 million at the end of December 31, 2024. The Company subsequently closed $40 million of preferred equity capital in May of 2025.

    About LanzaTech
    LanzaTech Global, Inc. (NASDAQ: LNZA) is the carbon recycling company transforming waste carbon into sustainable fuels, chemicals, materials, and protein. Using its biorecycling technology, LanzaTech captures carbon generated by energy-intensive industries at the source, preventing it from being emitted into the air. LanzaTech then gives that captured carbon a new life as a clean replacement for virgin fossil carbon in everything from household cleaners and clothing fibers to packaging and fuels. For more information about LanzaTech, please visit https://lanzatech.com.

    Forward Looking Statements
    This press release includes forward-looking statements regarding, among other things, the plans, strategies and prospects, both business and financial, of LanzaTech. These statements are based on the beliefs and assumptions of LanzaTech’s management. Although LanzaTech believes that its plans, intentions and expectations reflected in or suggested by these forward-looking statements are reasonable, LanzaTech cannot assure you that it will achieve or realize these plans, intentions or expectations. Forward-looking statements are inherently subject to risks, uncertainties and assumptions. Generally, statements that are not historical facts, including statements concerning possible or assumed future actions, business strategies, events or results of operations, are forward-looking statements. These statements may be preceded by, followed by or include the words “believes,” “estimates,” “expects,” “projects,” “forecasts,” “may,” “will,” “should,” “seeks,” “plans,” “scheduled,” “anticipates,” “intends” or similar expressions. The forward-looking statements are based on projections prepared by, and are the responsibility of, LanzaTech’s management. These forward-looking statements are not guarantees of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside LanzaTech’s control, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements, including the Company’s ability to continue operations as a going concern; the Company’s ability to obtain the stockholder approvals necessary to consummate the subsequent equity financing contemplated by the Series A Convertible Senior Preferred Stock Purchase Agreement, dated May 7, 2025; the Company’s ability to attract new investors and raise substantial additional financing to fund its operations and/or execute on its other strategic options; the Company’s ability to regain compliance with the listing rules of Nasdaq and maintain the listing of its securities on Nasdaq; and the Company’s ability to achieve profitability. LanzaTech may be adversely affected by other economic, business, or competitive factors, and other risks and uncertainties, including those described under the header “Risk Factors” in its Form 10-K for the year ended December 31, 2024, its Form 10-Q for the quarter ended March 31, 2025 and in future SEC filings. New risk factors that may affect actual results or outcomes emerge from time to time and it is not possible to predict all such risk factors, nor can LanzaTech assess the impact of all such risk factors on its business, or the extent to which any factor or combination of factors may cause actual results to differ materially from those contained in any forward-looking statements. Forward-looking statements are not guarantees of performance. You should not put undue reliance on these statements, which speak only as of the date hereof. All forward-looking statements attributable to LanzaTech or persons acting on its behalf are expressly qualified in their entirety by the foregoing cautionary statements. LanzaTech undertakes no obligations to update or revise publicly any forward-looking statements.

    Non-GAAP Financial Measures
    To supplement our financial statements presented in accordance with US GAAP and to provide investors with additional information regarding our financial results, we have presented adjusted EBITDA, a non-GAAP financial measure. Adjusted EBITDA is not based on any standardized methodology prescribed by US GAAP and is not necessarily comparable to similarly titled measures presented by other companies.

    We define adjusted EBITDA as our net loss, excluding the impact of depreciation, interest income, net, stock-based compensation expense, change in fair value of warrant liabilities, change in fair value of Brookfield SAFE liabilities, loss on Brookfield SAFE extinguishment, change in fair value of the FPA Put Option and Fixed Maturity Consideration liabilities, change in fair value of our outstanding convertible note and related transaction costs, change in fair value of Brookfield Loan and(loss) gain from equity method investees. We monitor adjusted EBITDA because it is a key measure used by our management and Board of Directors to understand and evaluate our operating performance, to establish budgets, and to develop operational goals for managing our business. We believe adjusted EBITDA helps identify underlying trends in our business that could otherwise be masked by the effect of certain expenses that we include in net loss. Accordingly, we believe adjusted EBITDA provides useful information to investors, analysts, and others in understanding and evaluating our operating results and enhancing the overall understanding of our past performance and future prospects.

    Adjusted EBITDA is not prepared in accordance with US GAAP and should not be considered in isolation of, or as an alternative to, measures prepared in accordance with US GAAP. There are a number of limitations related to the use of adjusted EBITDA rather than net loss, which is the most directly comparable financial measure calculated and presented in accordance with US GAAP. For example, adjusted EBITDA: (i) excludes stock-based compensation expense because it is a significant non-cash expense that is not directly related to our operating performance; (ii) excludes depreciation expense and, although this is a non-cash expense, the assets being depreciated and amortized may have to be replaced in the future; (iii) excludes gain or losses on equity method investee; and (iv) excludes certain income or expense items that do not provide a comparable measure of our business performance. In addition, the expenses and other items that we exclude in our calculations of adjusted EBITDA may differ from the expenses and other items, if any, that other companies may exclude from adjusted EBITDA when they report their operating results. In addition, other companies may use other measures to evaluate their performance, all of which could reduce the usefulness of our non-GAAP financial measures as tools for comparison.

     
    LANZATECH GLOBAL INC.
    CONSOLIDATED BALANCE SHEETS
    (Unaudited, in thousands, except share and per share data)
     
      March 31,   December 31,
        2025       2024  
    Assets      
    Current assets:      
    Cash and cash equivalents $ 13,778     $ 43,499  
    Held-to-maturity investment securities   7,411       12,374  
    Trade and other receivables, net of allowance   9,058       9,456  
    Contract assets   13,267       18,975  
    Other current assets   14,157       15,030  
    Total current assets   57,671       99,334  
    Property, plant and equipment, net   20,225       22,333  
    Right-of-use assets   28,482       26,790  
    Equity method investment   —       4,363  
    Equity security investment   14,990       14,990  
    Other non-current assets   4,467       6,873  
    Total assets $ 125,835     $ 174,683  
    Liabilities and Shareholders’ Equity      
    Current liabilities:      
    Accounts payable $ 6,434     $ 5,289  
    Other accrued liabilities   7,506       8,876  
    Warrants   549       3,531  
    Fixed Maturity Consideration and current FPA Put Option liability   4,123       4,123  
    Contract liabilities   5,291       6,168  
    Accrued salaries and wages   2,451       2,302  
    Current lease liabilities   166       158  
    Total current liabilities   26,520       30,447  
    Non-current lease liabilities   30,144       30,619  
    Non-current contract liabilities   5,433       5,233  
    FPA Put Option liability   30,015       30,015  
    Brookfield SAFE liability   —       13,223  
    Brookfield Loan liability   18,416       —  
    Convertible Note   15,969       51,112  
    Other long-term liabilities   512       587  
    Total liabilities   127,009       161,236  
           
    Shareholders’ Equity      
    Common stock, $0.0001 par value, 600,000,000 and 600,000,000 shares authorized; 197,897,580 and 194,915,711 shares issued and outstanding as of March 31, 2025 and December 31, 2024, respectively   19       19  
    Additional paid-in capital   983,991       981,638  
    Accumulated other comprehensive income   3,648       1,393  
    Accumulated deficit   (988,832 )     (969,603 )
    Total shareholders’ equity   (1,174 )     13,447  
    Total liabilities and shareholders’ equity $ 125,835     $ 174,683  
     
    LANZATECH GLOBAL INC.
    CONSOLIDATED STATEMENTS OF OPERATIONS
    (Unaudited, in thousands, except share and per share data)
     
      Three Months Ended March 31,
        2025       2024  
    Revenues:      
    Contracts with customers and grants $ 3,057     $ 6,250  
    CarbonSmart product sales   4,204       863  
    Collaborative arrangements   1,050       2,223  
    Related party transactions   1,172       908  
    Total revenues   9,483       10,244  
    Costs and operating expenses:      
    Contracts with customers and grants(1)   2,902       4,998  
    CarbonSmart product sales(1)   4,136       919  
    Collaborative arrangements(1)   461       796  
    Related party transactions(1)   14       57  
    Research and development expense   16,494       17,061  
    Depreciation expense   781       1,530  
    Selling, general and administrative expense   15,748       11,037  
    Total cost and operating expenses   40,536       36,398  
    Loss from operations   (31,053 )     (26,154 )
    Other income (expense):      
    Interest income, net   438       1,148  
    Other income, net   17,918       179  
    Total other income, net   18,356       1,327  
    Loss before income taxes   (12,697 )     (24,827 )
    Income tax expense   —       —  
    Loss from equity method investees, net   (6,532 )     (681 )
    Net loss $ (19,229 )   $ (25,508 )
           
    Other comprehensive loss:      
    Changes in credit risk of fair value instruments   2,696       —  
    Foreign currency translation adjustments   (441 )     42  
    Comprehensive loss $ (16,974 )   $ (25,466 )
           
    Net loss per common share – basic and diluted $ (0.10 )   $ (0.13 )
    Weighted-average number of common shares outstanding – basic and diluted   196,514,267       196,974,508  
                   
    (1)   exclusive of depreciation              
     
    LANZATECH GLOBAL INC.
    CONSOLIDATED STATEMENTS OF CASH FLOWS
    (Unaudited, in thousands)
     
      Three Months Ended March 31,
        2025       2024  
    Cash Flows From Operating Activities:      
    Net loss $ (19,229 )   $ (25,508 )
    Adjustments to reconcile net loss to net cash used in operating activities:      
    Share-based compensation expense   2,280       2,529  
    Gain on change in fair value of SAFE and warrant liabilities   (2,932 )     (13,277 )
    Loss on Brookfield SAFE extinguishment   6,216       —  
    Loss on change in fair value of the Brookfield Loan   11,426       —  
    Loss on change in fair value of the FPA Put Option and the Fixed Maturity Consideration liabilities   —       13,045  
    Gain on change in fair value of Convertible Note   (35,143 )     —  
    Provisions for losses on trade and other receivables, net of recoveries   126       —  
    Depreciation of property, plant and equipment   781       1,530  
    Amortization of discount on debt security investment   (37 )     (360 )
    Non-cash lease expense   490       496  
    Non-cash recognition of licensing revenue   (1,108 )     (641 )
    Loss from equity method investees, net   6,532       681  
    Unrealized (Gain)/Loss on net foreign exchange   275       (224 )
    Changes in operating assets and liabilities:      
    Accounts receivable, net   240       645  
    Contract assets   5,837       (1,029 )
    Accrued interest on debt investment   32       (177 )
    Other assets   895       (3,012 )
    Accounts payable and accrued salaries and wages   1,171       (2,207 )
    Contract liabilities   463       616  
    Operating lease liabilities   (467 )     (485 )
    Other liabilities   1,051       (911 )
    Net cash used in operating activities   (21,101 )     (28,289 )
    Cash Flows From Investing Activities:      
    Purchase of property, plant and equipment   (713 )     (1,480 )
    Proceeds from maturity of debt securities   5,000       10,700  
    Net cash provided by investing activities   4,287       9,220  
    Cash Flows From Financing Activities:      
    Proceeds from issue of equity instruments of the Company   —       234  
    Repurchase of equity instruments of the Company   —       (48 )
    Partial settlement of the Brookfield Loan   (12,500 )     —  
    Net cash (used in)/provided by financing activities   (12,500 )     186  
    Effects of currency translation on cash, cash equivalents and restricted cash   (389 )     48  
    Net decrease in cash, cash equivalents and restricted cash   (29,703 )     (18,835 )
    Cash, cash equivalents and restricted cash at beginning of period   45,737       76,284  
    Cash, cash equivalents and restricted cash at end of period $ 16,034     $ 57,449  
    Supplemental disclosure of non-cash investing and financing activities:      
    Acquisition of property, plant and equipment under accounts payable   255       141  
    Extinguishment of the Brookfield SAFE   13,274       —  
    Issuance of the Brookfield Loan   (19,490 )     —  
     
    LANZATECH GLOBAL INC.
    Reconciliation of GAAP Net Loss to Adjusted EBITDA
    (Unaudited, in thousands)
     
      Three Months Ended March 31,
        2025       2024  
    Net Loss $ (19,229 )   $ (25,508 )
    Depreciation   781       1,530  
    Interest income, net   (438 )     (1,148 )
    Stock-based compensation expense and change in fair value of Brookfield SAFE and warrant liabilities (1)   (652 )     (10,748 )
    Loss on Brookfield SAFE extinguishment   6,216       —  
    Change in fair value of the FPA Put Option and Fixed Maturity Consideration liabilities (net of interest accretion reversal)   —       13,045  
    Change in fair value of Convertible Note and related transaction costs   (35,143 )     —  
    Change in fair value of Brookfield Loan   11,426       —  
    Loss from equity method investees, net   6,532       681  
    Adjusted EBITDA $ (30,507 )   $ (22,148 )
     
    (1)   Stock-based compensation expense represents expense related to equity compensation plans.

    Investor Relations Contact
    Kate Walsh
    VP, Investor Relations & Tax
    Investor.Relations@lanzatech.com

    The MIL Network –

  • MIL-OSI: Infinium will deploy Electric Hydrogen’s electrolyzer plant at large-scale eFuels facility in Texas

    Source: GlobeNewswire (MIL-OSI)

    PECOS, Texas, May 19, 2025 (GLOBE NEWSWIRE) — Electric Hydrogen, an American manufacturer of high-power electrolyzer plants, announced today that Infinium, a leading producer of commercial eFuels, has selected Electric Hydrogen’s 100 megawatt (MW) HYPRPlant for its large-scale eFuels facility in Texas, Project Roadrunner.

    Electric Hydrogen’s HYPRPlant is a complete solution that lowers hydrogen total installed project cost by up to 60% relative to other electrolyzer solutions. The company manufactures HYPRPlants in the United States: its proprietary electrochemical stacks are built in Electric Hydrogen’s Massachusetts gigafactory while the chemical process modules are manufactured in Texas, drawing on strong local expertise from the oil and gas industry. Electric Hydrogen’s innovative technology and modular manufacturing approach make the HYPRPlant less expensive and more reliable than imported Chinese product, enhancing American energy technology leadership and competitiveness.

    “We are very pleased to be working with Electric Hydrogen and have been impressed with the HYPRPlant design and commercial package,” said Robert Schuetzle, CEO of Infinium. “Low-cost renewable hydrogen is a critical component to eFuel production, and the industry needs the kind of innovation and thoughtful execution we have seen from Electric Hydrogen.”

    Once production begins, Project Roadrunner—expected to be the largest eFuels production facility in the world—will produce sustainable aviation fuel (eSAF), eDiesel and eNaphtha from CO2, power and water for the aviation, heavy-duty trucking, plastics and maritime sectors. The project will bolster American technological advances and bring skilled jobs and economic growth to West Texas. Many of those workers are expected to bring skills and expertise they developed in the oil and gas sector. The facility is projected to commence commercial e-fuels production in 2027.

    “This cutting-edge project exemplifies how low-cost, industrial-scale clean hydrogen production will drive new markets for American-made fuels and support the buildout of domestic manufacturing facilities,” said Raffi Garabedian, Electric Hydrogen’s CEO and Co-founder. “We’re honored to be selected as Infinium’s electrolyzer manufacturer of choice.”

    Brookfield Asset Management and Breakthrough Energy Catalyst are financing partners for Infinium’s Project Roadrunner, making it the world’s first large-scale project-financed eFuels project. The project will supply sustainable aviation fuel over a 10-year period to International Airlines Group (IAG), one of the largest airline companies in the world through subsidiaries Aer Lingus, British Airways, Iberia, LEVEL and Vueling.

    This project announcement follows the unveiling of HYPRPlant, the announcement of Electric Hydrogen’s strategic partnership with Texas-based Titan Production Equipment and the company’s selection as Uniper’s exclusive electrolysis partner for the 200MW Green Wilhemshaven project in Northern Germany.

    To learn more about Electric Hydrogen’s HYPRPlant, visit https://eh2.com/.

    About Electric Hydrogen 
    Electric Hydrogen manufactures, delivers and commissions the world’s most powerful electrolyzers to make clean hydrogen projects economically viable today. The company’s complete HYPRPlant includes all system components required to turn water and electricity into the lowest cost clean hydrogen. Electric Hydrogen has a team of more than 300 people in the United States and Europe. The company was founded in 2020 and is headquartered in Devens, Massachusetts. To learn more about how critical industries leverage Electric Hydrogen’s advanced proton exchange membrane (PEM) technology, visit https://eh2.com/.

    About Infinium
    Infinium is a leading provider of gas conversion solutions and developer of eFuels projects. Our offerings include ultra-low carbon synthetic eFuels, solutions enabling monetization of flare gas and RNG, and patented technology designed to support the rapidly evolving energy industry. Infinium is a company of “firsts”—the first to produce commercial volumes of power-to-liquid clean eFuels; the first to develop and deploy modular gas conversion technology; and the only clean fuels innovator offering end-to-end solutions to customers at every step in their energy journey. Industry leaders including Amazon, American Airlines, Borealis and IAG are customers of Infinium. Learn more at www.infiniumco.com.

    Contact
    V2 Communications for Electric Hydrogen
    electrichydrogen@v2comms.com

    Photos accompanying this announcement are available at:

    https://www.globenewswire.com/NewsRoom/AttachmentNg/3117612d-0390-47a5-95db-6815670b9948

    https://www.globenewswire.com/NewsRoom/AttachmentNg/99612c8f-dd87-434c-af24-cb006611fd8a

    The MIL Network –

  • MIL-OSI: LIS Technologies Inc. to Unleash American Energy: Closing of Third Consecutive Oversubscribed Funding Round of $11.93M and Totaling Over $47M to Rebirth the Only United States Origin and Patented Technology for Laser Uranium Enrichment

    Source: GlobeNewswire (MIL-OSI)

    Oak Ridge, Tennessee, May 19, 2025 (GLOBE NEWSWIRE) — LIS Technologies Inc. (“LIST” or “the Company”), a proprietary developer of advanced laser technology and the only USA-origin and patented laser uranium enrichment company, today announced that it has closed its third consecutive oversubscribed funding round of $11.93 million and now totaling over $47 Million raised to date. The round drew continued support from repeat investors, including Innovating Capital, alongside other prominent, seasoned and industry investors in advanced nuclear technology.

    Due to a growing appetite within the United States for a robust domestic nuclear fuel supply chain, alongside strong support from returning investors, the Company’s recent financing round was oversubscribed. The raise underscores LIST’s position as an emerging leader in the United States enriched uranium fuel market and validates the Company’s success in attracting and retaining top researchers, scientists, regulatory experts and former U.S. national leaders to help drive the revival of the nation’s only patented laser‑enrichment technology.

    “Despite the volatile market conditions of this year, we continue to deliver on our objectives, and investors clearly recognize the value of our progress,” said Jay Yu, Executive Chairman and President of LIS Technologies Inc. “This marks our third consecutive oversubscribed financing round, highlighting investor’s confidence in LIST’s seasoned management team and our mission to revive the only U.S.‑origin, patented laser enrichment technology, which was independently evaluated and determined to meet all elements required for TRL-4, conforming to the Department of Energy guide DOE G 413.3-4A. We are here to answer the call and help build back the United States’ nuclear capabilities, support a reliable, robust domestic fuel supply for current civil nuclear reactors, microreactors, small modular reactors and to truly unleash American energy.”

    In late 2024, LIS Technologies Inc. was selected as one of six domestic companies to participate in the Low-Enriched Uranium (LEU) Enrichment Acquisition Program. This initiative allocates up to $3.4 billion overall, with contracts lasting for up to 10 years. Each awardee is slated to receive a minimum contract of $2 million.

    The Company’s proprietary Condensation Repression Isotope Selective Laser Activation (CRISLA) technology is the world’s only proven U.S.-origin and patented advanced laser enrichment solution. Optimized for Low-Enriched Uranium (LEU), which is crucial for the continued operation of the United States’ current fleet of 94 nuclear reactors, and High-Assay Low-Enriched Uranium (HALEU), which is required to power the next generation of advanced nuclear reactors, CRISLA overcomes many of the complexities and limitations of traditional 16um CO2 lasers, featuring a streamlined design due to its lower absorption and shorter wavelength at 5.3µm. The CRISLA-3G laser isotope separation technology was recently evaluated and determined to meet all elements required for TRL-4, conforming to the Department of Energy guide DOE G 413.3-4A and is protected by a patent from the United States Patent and Trademark Office (USPTO).

    “The success of this and our previous raises underscores the confidence that investors have in our mission, team and technology,” said Christo Liebenberg, Co-Founder and CEO of LIS Technologies Inc. “This raise will enable us to continue growing operations, add more senior technical engineers, regulatory leaders and to rapidly advance our projects, which would be closer to demonstration activities crucial for meeting the Company’s growth objectives.”

    The funding secured in this raise will enable the Company to advance into its next phase of growth. This includes systems engineering, integration and testing of our Test Demonstration Facility in our newly upgraded laboratories in Oak Ridge TN, while also developing LIST’s own proprietary lasers in the United States. Our goal over the next couple years is to not only repeat earlier baseline results, but to optimize it, and then demonstrate that our technology can produce LEU in a single stage, and HALEU in two stages, with fully scaled and industrialized equipment. The funding also allows us to diversify the CRISLA technology into stable isotopes and medical isotopes.

    About LIS Technologies Inc.

    LIS Technologies Inc. (LIST) is a USA based, proprietary developer of a patented advanced laser technology, making use of infrared lasers to selectively excite the molecules of desired isotopes to separate them from other isotopes. The Laser Isotope Separation Technology (L.I.S.T) has a huge range of applications, including being the only USA-origin (and patented) laser uranium enrichment company, and several major advantages over traditional methods such as gas diffusion, centrifuges, and prior art laser enrichment. The LIST proprietary laser-based process is more energy-efficient and has the potential to be deployed with highly competitive capital and operational costs. L.I.S.T is optimized for LEU (Low Enriched Uranium) for existing civilian nuclear power plants, High-Assay LEU (HALEU) for the next generation of Small Modular Reactors (SMR) and Microreactors, the production of stable isotopes for medical and scientific research, and applications in quantum computing manufacturing for semiconductor technologies. The Company employs a world class nuclear technical team working alongside leading nuclear entrepreneurs and industry professionals, possessing strong relationships with government and private nuclear industries.

    In 2024, LIS Technologies Inc. was selected as one of six domestic companies to participate in the Low-Enriched Uranium (LEU) Enrichment Acquisition Program. This initiative allocates up to $3.4 billion overall, with contracts lasting for up to 10 years. Each awardee is slated to receive a minimum contract of $2 million.

    For more information please visit: LaserIsTech.com

    For further information, please contact:
    Email: info@laseristech.com
    Telephone: 800-388-5492
    Follow us on X Platform
    Follow us on LinkedIn

    Forward Looking Statements

    This news release contains “forward-looking statements” within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. In this context, forward-looking statements mean statements related to future events, which may impact our expected future business and financial performance, and often contain words such as “expects”, “anticipates”, “intends”, “plans”, “believes”, “will”, “should”, “could”, “would” or “may” and other words of similar meaning. These forward-looking statements are based on information available to us as of the date of this news release and represent management’s current views and assumptions. Forward-looking statements are not guarantees of future performance, events or results and involve known and unknown risks, uncertainties and other factors, which may be beyond our control. For LIS Technologies Inc., particular risks and uncertainties that could cause our actual future results to differ materially from those expressed in our forward-looking statements include but are not limited to the following which are, and will be, exacerbated by any worsening of global business and economic environment: (i) risks related to the development of new or advanced technology, including difficulties with design and testing, cost overruns, development of competitive technology, loss of key individuals and uncertainty of success of patent filing, (ii) our ability to obtain contracts and funding to be able to continue operations and (iii) risks related to uncertainty regarding our ability to commercially deploy a competitive laser enrichment technology, (iv) risks related to the impact of government regulation and policies including by the DOE and the U.S. Nuclear Regulatory Commission; and other risks and uncertainties discussed in this and our other filings with the SEC. Only after successful completion of our Phase 2 Pilot Plant demonstration will LIS Technologies be able to make realistic economic predictions for a Commercial Facility. Readers are cautioned not to place undue reliance on these forward-looking statements, which apply only as of the date of this news release. These factors may not constitute all factors that could cause actual results to differ from those discussed in any forward-looking statement. Accordingly, forward-looking statements should not be relied upon as a predictor of actual results. We do not undertake to update our forward-looking statements to reflect events or circumstances that may arise after the date of this news release, except as required by law.

    The MIL Network –

  • MIL-OSI: Dimensional Fund Advisors Ltd. : Form 8.3 – DALATA HOTEL GROUP PLC – Ordinary Shares

    Source: GlobeNewswire (MIL-OSI)

    FORM 8.3

    IRISH TAKEOVER PANEL

    OPENING POSITION DISCLOSURE/DEALING DISCLOSURE UNDER
    RULE 8.3 OF THE IRISH TAKEOVER PANEL ACT, 1997, TAKEOVER
    RULES, 2022 BY PERSONS WITH INTERESTS IN RELEVANT
    SECURITIES REPRESENTING 1% OR MORE

    1. KEY INFORMATION  
       
    (a) Full name of discloser Dimensional Fund Advisors Ltd. in its capacity as investment advisor and on behalf its affiliates who are also investment advisors (”Dimensional”). Dimensional expressly disclaims beneficial ownership of the shares described in this form 8.3.  
    (b) Owner or controller of interests and short positions disclosed, if different from 1(a)
    The naming of nominee or vehicle companies is insufficient. For a trust, the trustee(s), settlor and beneficiaries must be named.    		    
    (c) Name of offeror/offeree in relation to whose relevant securities this form relates
    Use a separate form for each offeror/offeree    		 Dalata Hotel Group PLC  
    (d) If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree    
    (e) Date position held/dealing undertaken
    For an opening position disclosure, state the latest practicable date prior to the disclosure    		 16 May 2025  
    (f) In addition to the company in 1(c) above, is the discloser also making disclosures in respect of any other party to the offer?
    If it is a cash offer or possible cash offer, state “N/A”    		 N/A  
       
    2. INTERESTS AND SHORT POSITIONS  
       
    If there are interests and short positions to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 2 for each additional class of relevant security  
    Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates following the dealing (if any)  
       
    Class of relevant security $0.01 ordinary shares (IE00BJMZDW83)  
      Interests Short Positions  
      Number % Number %  
    (1) Relevant securities owned and/or controlled 4,936,564 2.33 %      
    (2) Cash-settled derivatives          
    (3) Stock-settled derivatives (including options) and agreements to purchase/ sell          
      Total 4,936,564 2.33 %      
       
       
    All interests and all short positions should be disclosed.

    Details of options including rights to subscribe for new securities and any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8.

    		  
       
       
    3. DEALINGS (IF ANY) BY THE PERSON MAKING THE DISCLOSURE  
       
    Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 3(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in.

    The currency of all prices and other monetary amounts should be stated.

    		  
    (a) Purchases and sales  
       
    Class of relevant security Purchase/sale Number of securities Price per unit  
    $0.01 ordinary shares (IE00BJMZDW83) Purchase 6,284 5.3743 EUR  
    There was a Transfer In of 3,580 shares of $0.01 ordinary shares  
       
    (b) Cash-settled derivative transactions  
       
    Class of relevant security Product description e.g. CFD Nature of dealing e.g. opening/ closing a long/ short position, increasing/ reducing a long/ short position Number of reference securities Price per unit  
               
       
    (c) Stock-settled derivative transactions (including options)
     
    (i) Writing, selling, purchasing or varying
     
    Class of relevant security Product description e.g. call option Writing, purchasing, selling, varying etc. Number of securities to which option relates Exercise price per unit Type e.g. American, European etc. Expiry date Option money paid/ received per unit
                   
       
    (ii) Exercise  
       
    Class of relevant security Product description e.g. call option Exercising/ exercised against Number of securities Exercise price per unit  
               
       
    (d) Other dealings (including transactions in respect of new securities)  
                 
    Class of relevant security Nature of dealing e.g. subscription, conversion, exercise Details Price per unit (if applicable)  
             
       
    4. OTHER INFORMATION  
       
    (a) Indemnity and other dealing arrangements  
       
    Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the person making the disclosure and any party to the offer or any person acting in concert with a party to the offer.
    Irrevocable commitments and letters of intent should not be included. If there are no such agreements, arrangements or understandings, state “none”    		  
    None  
       
    (b) Agreements, arrangements or understandings relating to options or derivatives  
       
    Full details of any agreement, arrangement or understanding between the person disclosing and any other person relating to the voting rights of any relevant securities under any option referred to on this form or relating to the voting rights or future acquisition or disposal of any relevant securities to which any derivative referred to on this form is referenced. If none, this should be stated.  
    None  
       
    (c) Attachments  
       
    Is a Supplemental Form 8 attached? NO  
       
    Date of disclosure 19 May 2025  
    Contact name Thomas Hone  
    Telephone number +44 20 3033 3419  
       

    Public disclosures under Rule 8.3 of the Rules must be made to a Regulatory Information Service.

    The MIL Network –

  • MIL-OSI: Toobit Strengthens European Presence as Platinum Sponsor of Dutch Blockchain Week 2025

    Source: GlobeNewswire (MIL-OSI)

    GEORGE TOWN, Cayman Islands, May 19, 2025 (GLOBE NEWSWIRE) — Toobit, an award-winning cryptocurrency exchange, will be participating in the upcoming Dutch Blockchain Week 2025 (DBW25) happening from May 19 to 25 as a Platinum Sponsor. The exchange will also be hosting a booth happening at the event’s Dutch Blockchain Summit, which will be held at Amsterdam’s Meervaart Theater on May 21 and 22.

    DBW25 is one of Europe’s leading blockchain gatherings, bringing together industry leaders, developers, investors, and regulators to explore innovations in digital assets and decentralized technologies. Organized by the BCNL Foundation, the largest Web3 ecosystem in the Netherlands, the event will serve as a hub for collaboration and knowledge-sharing, showcasing the evolving role of blockchain technology in finance and beyond.

    “We’re excited to be part of Dutch Blockchain Week, where some of the most important conversations around blockchain technology take place,” said Mike Williams, Chief Communication Officer of Toobit. “We look forward to building on meaningful discussions and exploring new innovations and opportunities in the space.”

    Toobit’s participation in the event comes on the heels of its successful participation in Web3 Amsterdam earlier this year, where the exchange similarly took on the role of Platinum Sponsor. The cryptoasset exchange had then mentioned its burgeoning presence in the Netherlands, as well as its intent to reach out to physically meet and engage its collaborators within the European crypto ecosystem.

    Dutch Blockchain Week provides a key platform for discussing emerging trends in security, accessibility, and innovations in crypto trading. Toobit joins a global network of professionals shaping the future of digital finance, contributing to the industry’s ongoing evolution. At the event, Toobit will also showcase its latest trading solutions, explore partnerships, and connect with the broader blockchain community.

    For more information on Dutch Blockchain Week 2025, visit https://dutchblockchainweek.com/

    About Toobit

    Toobit is where the future of crypto trading unfolds—an award-winning cryptocurrency derivatives exchange built for those who thrive exploring new frontiers. With deep liquidity and cutting-edge technology, Toobit empowers traders worldwide to navigate the digital asset markets with confidence. We offer a fair, secure, seamless, and transparent trading experience, ensuring every trade is an opportunity to discover what’s next.

    For more information about Toobit, visit: Website | X | Telegram | LinkedIn | Discord | Instagram

    Contact: Davin C.

    Email: market@toobit.com

    Website: www.toobit.com

    Disclaimer: This is a paid post and is provided by Toobit. 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/0ea5067d-f871-42b3-9943-971a00218907

    The MIL Network –

  • MIL-OSI: Amplify Energy Appoints Clint Coghill to Board of Directors

    Source: GlobeNewswire (MIL-OSI)

    HOUSTON, May 19, 2025 (GLOBE NEWSWIRE) — Amplify Energy Corp. (NYSE: AMPY) (“Amplify” or the “Company”) today announced that it has appointed Clint Coghill to its Board of Directors (the “Board”) as Lead Independent Director, effective May 16, 2025. In connection with Mr. Coghill’s appointment, the Company entered into a cooperation agreement with Mr. Coghill and his affiliates Stoney Lonesome HF, LP and The Drake Helix Holdings, LLC (collectively, “Stoney Lonesome”), the beneficial owners of approximately 7% of the Company’s outstanding shares.

    Mr. Coghill will serve as a member of the Board’s Compensation Committee and be included in the Board’s slate of nominees up for election at the Company’s upcoming 2025 Annual Meeting of Stockholders.

    “We appreciate the constructive dialogue we have had with Clint and are pleased to welcome him to the Board,” said Chris Hamm, Chairman of Amplify. “We believe Clint’s business and financial expertise and strong shareholder perspective will be invaluable assets to the Company and we look forward to working with him.”

    Clint Coghill, the Chief Investment Officer of Stoney Lonesome, said, “I’m pleased to join the Board of Amplify and look forward to working with Amplify’s Board and management team to help the Company achieve its potential and drive shareholder value.”

    In connection with the cooperation agreement, Stoney Lonesome has agreed to a customary standstill, voting and other provisions. The cooperation agreement will be included as an exhibit to a Current Report on Form 8-K, which the Company will file with the U.S. Securities and Exchange Commission.

    Kirkland & Ellis LLP served as legal counsel to Amplify.

    About Clint Coghill

    Clint Coghill brings more than 30 years of experience as a successful money manager, software entrepreneur, and philanthropist. Mr. Coghill is the Founder of Backstop Solutions Group, LLC, an industry-leading service company redefining the way firms operate in private markets and reshaping the institutional investment industry. From 2003 to 2021, Mr. Coghill served as Chairman of the Board and Chief Executive Officer of Backstop Solutions Group, LLC from 2013 until its sale to ION Analytics in 2021, where he then was the Head of the Investor Segment until early 2025. Prior to that, he served as President and Chief Investment Officer of Coghill Capital Management, LLC. Mr. Coghill currently serves as the chairman of the board of the Coghill Family Foundation and serves on the board of directors of New Moly, LLC. Mr. Coghill holds a B.A. in Business Administration from the University of Arizona and an M.B.A. from the London Business School.

    About Amplify Energy

    Amplify Energy Corp. is an independent oil and natural gas company engaged in the acquisition, development, exploitation and production of oil and natural gas properties. Amplify’s operations are focused in Oklahoma, the Rockies (Bairoil), federal waters offshore Southern California (Beta), East Texas / North Louisiana, and the Eagle Ford (Non-op). For more information, visit www.amplifyenergy.com.

    Forward-Looking Statements

    This press release includes “forward-looking statements.” All statements, other than statements of historical fact, included in this press release that address activities, events or developments that the Company expects, believes or anticipates will or may occur in the future are forward-looking statements. Terminology such as “could,” “believe,” “anticipate,” “intend,” “estimate,” “expect,” “may,” “continue,” “predict,” “potential,” “project” and similar expressions are intended to identify forward-looking statements. These statements include, but are not limited to, statements about the Company’s upcoming 2025 Annual Meeting of Stockholders, expectations of plans, goals, strategies (including measures to implement strategies), objectives and anticipated results with respect thereto. These statements address activities, events or developments that we expect or anticipate will or may occur in the future, including things such as projections of results of operations, plans for growth, goals, future capital expenditures, competitive strengths, references to future intentions and other such references. These forward-looking statements involve risks and uncertainties and other factors that could cause the Company’s actual results or financial condition to differ materially from those expressed or implied by forward-looking statements. Without limiting the generality of the foregoing, forward-looking statements contained in this press release specifically include the expectations of plans, strategies, objectives and growth and anticipated financial and operational performance of the Company and its affiliates. Please read the Company’s filings with the Securities and Exchange Commission (the “SEC”), including “Risk Factors” in the Company’s Annual Report on Form 10-K, and if applicable, the Company’s Quarterly Reports on Form 10-Q and Current Reports on Form 8-K, which are available on the Company’s Investor Relations website at https://www.amplifyenergy.com/investor-relations/default.aspx or on the SEC’s website at http://www.sec.gov, for a discussion of risks and uncertainties that could cause actual results to differ from those in such forward-looking statements. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. All forward-looking statements in this press release are qualified in their entirety by these cautionary statements. Except as required by law, the Company undertakes no obligation and does not intend to update or revise any forward-looking statements, whether as a result of new information, future results or otherwise.

    Contacts

    Amplify Energy

    Jim Frew — Senior Vice President and Chief Financial Officer
    (832) 219-9044
    jim.frew@amplifyenergy.com

    Michael Jordan — Director, Finance and Treasurer
    (832) 219-9051
    michael.jordan@amplifyenergy.com

    FTI Consulting

    Tanner Kaufman / Brandon Elliott / Rose Zu
    amplifyenergy@fticonsulting.com

    The MIL Network –

  • MIL-OSI: CBAK Energy Reports First Quater 2025 Unaudited Financial Results

    Source: GlobeNewswire (MIL-OSI)

    DALIAN, China, May 19, 2025 (GLOBE NEWSWIRE) — CBAK Energy Technology, Inc. (NASDAQ: CBAT) (“CBAK Energy,” or the “Company”) a leading lithium-ion battery manufacturer and electric energy solution provider in China, today reported its unaudited financial results for the first quarter ended March 31, 2025.

    First Quater of 2025 Financial Results

    Net revenues1 were $34.9 million, representing a decrease of 41% compared to $58.8 million in the same period of 2024. The substantial decline primarily stems from our Dalian facilities, where a major portion of customers are in the residential energy supply sector. These facilities are currently undergoing a product portfolio upgrade, transitioning from Model 26650 to Model 40135. Customers who previously purchased Model 26650 are now in a transitional phase of testing and validating the new Model 40135. We anticipate a gradual recovery as both existing and potential customers complete the validation of Model 40135.

    Among these revenues, detailed revenues from our battery business are:

    Battery Business   2024
    First Quater    		     2025
    First Quater    		     % Change
    YoY
    Net Revenues ($)   44,837,869     20,363,338     -54.6
    Gross Profits ($)   18,458,522     4,720,102     -74.4
    Gross Margin   41.2 %   23.2 %   –
    Net Income ($)   11,682,429     336,861     -97.1
    Net Revenues from Battery Business on Applications ($)                
    Electric Vehicles   480,181     537,507     11.9
    Light Electric Vehicles   1,510,292     2,844,874     88.4
    Residential Energy Supply & Uninterruptable supplies   42,847,396     16,980,957     -60.4
    Total   44,837,869     20,363,338     -54.6
    1 Net revenues consist of the Company’s self-operated battery business and Hitrans, which was acquired in 2021, an independently managed raw materials business.


    Cost of revenues     was $30.14 million, representing a decrease of 24.7% from $40.0 million in the same period of 2024.

    Gross profit was $4.8 million, representing an decrease of 74.43% from $18.78 million in the same period of 2024. Gross margin was 13.7%, compared to 31.9% in the same period of 2024.

    Operating loss amounted to $2.86 million, compared to an operating income of $10.3 million in the same period of 2024.

    Net loss attributable to shareholders of CBAK Energy was $1.58 million, compared to net income attributable to shareholders of CBAK Energy of $9.8 million in the same period of 2024.

    Basic and diluted loss per share were both $0.02, compared to basic and diluted income per share of $0.11 in 2024.

    Zhiguang Hu, Chief Executive Officer of the Company, commented, “As anticipated, we experienced a significant 41% year-over-year decline in net revenues. This decrease was expected, as Model 26650 — a cell developed in 2006 and still produced at our Dalian facilities — has become largely outdated. Both existing and potential customers are currently transitioning from Model 26650 to the more advanced Model 40135. We are confident that, upon completing the construction of new manufacturing lines for Model 40135 in the second half of this year, and as customers finalize product validation, our revenues will begin to recover gradually.”

    Jiewei Li, Chief Financial Officer and Secretary of the Board, added, “As Mr. Hu emphasized, we expect to recover once the product portfolio upgrade at our Dalian facilities is completed. Meanwhile, our Nanjing facilities continue to experience strong growth momentum, driven by robust market demand for Model 32140, our most advanced and flagship product to date. Additionally, we are in the final stages of securing a long-term order from one of our key customers, which we hope to finalize and share with our shareholders in the near future.”

    Conference Call

    CBAK Energy’s management will host an earnings conference call at 9:00 AM U.S. Eastern Time on Monday, May 19, 2025 (9:00 PM Beijing/Hong Kong Time on May 19, 2025).

    For participants who wish to join our call online, please visit:
    https://edge.media-server.com/mmc/p/wfu5unoh

    Participants who plan to ask questions during the call will need to register at least 15 minutes prior to the scheduled call start time using the link provided below. Upon registration, participants will receive the conference call access information, including dial-in numbers, a unique pin, and an email with detailed instructions.

    Participant Online Registration:
    https://register-conf.media-server.com/register/BIb49b754e574a43e68068965ba0234966

    Once completing the registration, please dial-in at least 10 minutes before the scheduled start time of the conference call and enter the personal pin as instructed to connect to the call.

    A replay of the conference call may be accessed within seven days after the conclusion of the live call at the following website: https://edge.media-server.com/mmc/p/wfu5unoh

    The earnings release and the link for the replay are available at ir.cbak.com.cn

    About CBAK Energy

    CBAK Energy Technology, Inc. (NASDAQ: CBAT) is a leading high-tech enterprise in China engaged in the development, manufacturing, and sales of new energy high power lithium and sodium batteries, as well as the production of raw materials for use in manufacturing high power lithium batteries. The applications of the Company’s products and solutions include electric vehicles, light electric vehicles, energy storage and other high-power applications. In January 2006, CBAK Energy became the first lithium battery manufacturer in China listed on the Nasdaq Stock Market. CBAK Energy has multiple operating subsidiaries in Dalian, Nanjing, Shaoxing and Shangqiu, as well as a large-scale R&D and production base in Dalian.

    For more information, please visit ir.cbak.com.cn

    Safe Harbor Statement

    This press release contains “forward-looking statements” that involve substantial risks and uncertainties. All statements other than statements of historical facts contained in this press release, including statements regarding our future results of operations and financial position, strategy and plans, and our expectations for future operations, are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. We have attempted to identify forward-looking statements by terminology including “anticipates,” “believes,” “can,” “continue,” “could,” “estimates,” “expects,” “intends,” “may,” “plans,” “potential,” “predicts,” “should,” or “will” or the negative of these terms or other comparable terminology. Our actual results may differ materially or perhaps significantly from those discussed herein, or implied by, these forward-looking statements.

    Any forward-looking statements contained in this press release are only estimates or predictions of future events based on information currently available to our management and management’s current beliefs about the potential outcome of future events. Whether these future events will occur as management anticipates, whether we will achieve our business objectives, and whether our revenues, operating results, or financial condition will improve in future periods are subject to numerous risks. There are a significant number of factors that could cause actual results to differ materially from statements made in this press release, including: significant legal and operational risks associated with having substantially all of our business operations in China, that the Chinese government may exercise significant oversight and discretion over the conduct of our business and may intervene in or influence our operations at any time, which could result in a material change in our operations and/or the value of our securities or could significantly limit or completely hinder our ability to offer or continue to offer securities to investors and could cause the value of such securities to significantly decline or be worthless, the effects of the global Covid-19 pandemic or other health epidemics, changes in domestic and foreign laws, regulations and taxes, the volatility of the securities markets; and other risks including, but not limited to, the ability of the Company to meet its contractual obligations, the uncertain markets for the Company’s products and business, macroeconomic, technological, regulatory, or other factors affecting the profitability of our products and solutions that we discussed or referred to in the Company’s disclosure documents filed with the U.S. Securities and Exchange Commission (the “SEC”) available on the SEC’s website at www.sec.gov, including the Company’s most recent Annual Report on Form 10-K as well as in our other reports filed or furnished from time to time with the SEC. You should read these factors and the other cautionary statements made in this press release. If one or more of these factors materialize, or if any underlying assumptions prove incorrect, our actual results, performance or achievements may vary materially from any future results, performance or achievements expressed or implied by these forward-looking statements. The forward-looking statements included in this press release are made as of the date of this press release and the Company undertakes no obligation to publicly update or revise any forward-looking statements, other than as required by applicable law.

    For further inquiries, please contact:

    In China:

    CBAK Energy Technology, Inc.
    Investor Relations Department
    Email: ir@cbak.com.cn

    CBAK Energy Technology, Inc. and Subsidiaries
    Condensed Consolidated Balance Sheets
    As of December 31, 2024 and March 31, 2025
    (Unaudited)
    (In US$ except for number of shares)
     
      December 31,
    2024    		     March 31,
    2025    		  
    Assets          
    Current assets          
    Cash and cash equivalents $ 6,724,360     $ 4,052,010  
    Pledged deposits   54,061,642       43,482,693  
    Term deposits   4,237,090       5,530,030  
    Trade and bills receivable, net   32,938,918       40,835,093  
    Inventories   22,851,027       30,803,486  
    Prepayments and other receivables   20,004,966       17,991,265  
    Receivables from former subsidiary   12,399       9,011  
    Income tax recoverable   566,458       455,342  
    Total current assets   141,396,860       143,158,930  
                   
    Property, plant and equipment, net   85,486,829       84,283,683  
    Construction in progress   42,526,859       51,527,443  
    Long-term investments, net   2,246,494       2,313,725  
    Prepaid land use rights   11,075,973       11,056,715  
    Intangible assets, net   382,962       268,398  
    Deposit paid for acquisition of long-term investments   15,864,318       15,949,095  
    Operating lease right-of-use assets, net   3,237,849       2,906,652  
    Total assets $ 302,218,144     $ 311,464,641  
                   
    Liabilities              
    Current liabilities              
    Trade and bills payable   84,724,386       93,398,948  
    Short-term bank borrowings   26,087,350       29,301,628  
    Other short-term loans   335,715       335,905  
    Accrued expenses and other payables   58,285,635       50,305,373  
    Payable to a former subsidiary, net   419,849       418,211  
    Deferred government grants, current   556,214       559,186  
    Product warranty provisions   23,426       23,000  
    Operating lease liability, current   1,268,405       1,159,373  
    Total current liabilities   171,700,980       175,501,624  
                   
    Long-term bank borrowings   –       4,131,890  
    Deferred government grants, non-current   7,580,255       10,272,610  
    Product warranty provisions   420,688       417,565  
    Operating lease liability, non-current   2,449,056       2,397,859  
    Total liabilities   182,150,979       192,721,548  
                   
    Commitments and contingencies              
                   
    Shareholders’ equity              
    Common stock $0.001 par value; 500,000,000 authorized; 90,083,396 issued and 89,939,190 outstanding as of December 31, 2024; and 90,083,868 issued and 89,939,662 outstanding as of March 31, 2025   90,083       90,083  
    Donated shares   14,101,689       14,101,689  
    Additional paid-in capital   247,842,445       247,869,511  
    Statutory reserves   1,230,511       3,042,602  
    Accumulated deficit   (122,605,730 )     (125,997,055 )
    Accumulated other comprehensive loss   (14,919,345 )     (14,248,434 )
        125,739,653       124,858,396  
                   
    Less: Treasury shares   (4,066,610 )     (4,066,610 )
                   
    Total shareholders’ equity   121,673,043       120,791,786  
    Non-controlling interests   (1,605,878 )     (2,048,693 )
    Total equity   120,067,165       118,743,093  
                   
    Total liabilities and shareholder’s equity $ 302,218,144     $ 311,464,641  

     

    CBAK Energy Technology, Inc. and Subsidiaries
    Condensed Consolidated Statements of Operations and Comprehensive Income (Loss)
    For the three months ended March 31, 2024 and 2025
    (Unaudited)
    (In US$ except for number of shares)
     
      Three months ended
    March 31,    		  
      2024     2025  
    Net revenues $ 58,822,432     $ 34,938,901  
    Cost of revenues   (40,041,385 )     (30,137,167 )
    Gross profit   18,781,047       4,801,734  
    Operating expenses:              
    Research and development expenses   (2,815,518 )     (3,023,961 )
    Sales and marketing expenses   (1,724,032 )     (896,050 )
    General and administrative expenses   (4,092,527 )     (3,804,137 )
    Allowance of credit losses and bad debts written off, net   114,013       58,395  
    Total operating expenses   (8,518,064 )     (7,665,753 )
    Operating income (loss)   10,262,983       (2,864,019 )
    Finance income, net   9,663       45,120  
    Other income, net   367,438       712,792  
    Share of (loss) income of equity investee   (18,824 )     55,125  
    Income (loss) before income tax   10,621,260       (2, 050,982 )
    Income tax expenses   (1,048,786 )     –  
    Net income (loss)   9,572,474       (2, 050,982 )
    Less: Net loss attributable to non-controlling interests   263,976       471,748  
    Net income (loss) attributable to shareholders of CBAK Energy Technology, Inc. $ 9,836,450     $ (1,579,234 )
                   
    Net income (loss)   9,572,474       (2,050,982 )
    Other comprehensive income (loss)              
    – Foreign currency translation adjustment   (1,906,048 )     699,844  
    Comprehensive income (loss)   7,666,426       (1,315,138 )
    Less: Comprehensive loss attributable to non-controlling interests   274,223       442,816  
    Comprehensive income (loss) attributable to CBAK Energy Technology, Inc. $ 7,940,649     $ (908,322 )
                   
    Income (loss) per share              
    – Basic $ 0.11     $ (0.02 )
    – Diluted $ 0.11     $ (0.02 )
                   
    Weighted average number of shares of common stock:              
    – Basic   89,925,024       89,938,690  
    – Diluted   90,123,965       89,938,690  

    The MIL Network –

  • MIL-OSI: Qorvo® Announces Intent to Nominate Peter Feld of Starboard Value for Election to the Board at the 2025 Annual Meeting

    Source: GlobeNewswire (MIL-OSI)

    GREENSBORO, N.C., May 19, 2025 (GLOBE NEWSWIRE) — Qorvo® (NASDAQ: QRVO), a leading global provider of connectivity and power solutions, today announced that its Board of Directors (the “Board”) has resolved to increase the size of the Board from nine to ten directors and to include Peter Feld as one of the Company’s director nominees in its proxy statement for the Company’s 2025 Annual Meeting of Stockholders (the “2025 Annual Meeting”).

    The Board has also resolved to recommend that stockholders vote in favor of all Company director nominees, including Mr. Feld, at the 2025 Annual Meeting.

    Given the Company’s intention to nominate Mr. Feld, Starboard has agreed to rescind its nomination notice.

    Bob Bruggeworth, President and CEO of Qorvo, said, “Peter shares our goal of driving value for Qorvo shareholders and will bring additional technology industry knowledge and complementary perspectives, adding to our very qualified and experienced Board.”

    “We invested in Qorvo because of the tremendous potential we see in the Company’s strong product portfolio and leading industry position, which provide the foundation for Qorvo to drive continued improvement in growth, profitability, and value creation,” said Peter Feld, Managing Member of Starboard Value LP. “I am pleased to be nominated to the Board and look forward to working collaboratively with my fellow directors and the management team to help Qorvo capitalize on opportunities to drive long-term shareholder value.”

    About Peter A. Feld

    Peter A. Feld is a Managing Member, Portfolio Manager and Head of Research of Starboard Value LP since April 2011 and has significant expertise serving as a shareholder representative on numerous technology company boards that have created substantial value for shareholders. Mr. Feld has substantial experience in corporate finance, best-in-class corporate governance, and a deep understanding of capital markets. Prior to founding Starboard in 2011, Mr. Feld was a Managing Director and Head of Research at Ramius LLC for funds that comprised the Value and Opportunity investment platform. Prior to joining Ramius in February 2005, Mr. Feld was an analyst in the Technology Investment Banking group at Banc of America Securities LLC. Previously, he served as a member of the boards of directors of Gen Digital Inc., a global leader dedicated to powering Digital Freedom through its family of consumer brands, from September 2018 to May 2025; Green Dot Corporation, a financial technology company, from March 2022 to October 2023; GCP Applied Technologies, Inc., a technology company, from June 2020 until it was acquired by Compagnie de Saint-Gobain S.A. in September 2022; Magellan Health, Inc., a healthcare company, from March 2019 until it was acquired by Centene Corporation in January 2022; AECOM, a multinational infrastructure firm, from November 2019 to June 2020; Marvell Technology Group Ltd., a storage, networking and connectivity semiconductor solutions company, from May 2016 to June 2018; The Brink’s Company, a global leader in security-related services, from January 2016 to November 2017; Insperity, Inc., an industry-leading HR services provider, from March 2015 to June 2017; Darden Restaurants, Inc., a full-service restaurant company, from October 2014 to September 2015; Tessera Technologies, Inc. (n/k/a Xperi Corporation), a leading product and technology licensing company, from June 2013 to April 2014; and Integrated Device Technology, Inc., a company that designed, developed, manufactured and marketed a range of semiconductor solutions for the advanced communications, computing and consumer industries, from June 2012 to February 2014. Mr. Feld received a B.A. degree in Economics from Tufts University.

    About Qorvo

    Qorvo (Nasdaq:QRVO) supplies innovative semiconductor solutions that make a better world possible. We combine product and technology leadership, systems-level expertise and global manufacturing scale to quickly solve our customers’ most complex technical challenges. Qorvo serves diverse high-growth segments of large global markets, including automotive, consumer, defense & aerospace, industrial & enterprise, infrastructure and mobile. Visit www.qorvo.com to learn how our diverse and innovative team is helping connect, protect and power our planet.

    Qorvo is a registered trademark of Qorvo, Inc. in the U.S. and in other countries. All other trademarks are the property of their respective owners.

    About Starboard Value LP

    Starboard Value LP is an investment adviser with a focused and fundamental approach to investing in publicly traded companies. Starboard seeks to invest in deeply undervalued companies and actively engage with management teams and boards of directors to identify and execute on opportunities to unlock value for the benefit of all shareholders. 

    Forward Looking Statements

    This press release includes “forward-looking statements” within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, but are not limited to, statements about our plans, objectives, representations and contentions, and are not historical facts and typically are identified by terms such as “may,” “will,” “should,” “could,” “expect,” “plan,” “anticipate,” “believe,” “estimate,” “forecast,” “predict,” “potential,” “continue” and similar words, although some forward-looking statements are expressed differently. You should be aware that the forward-looking statements included herein represent management’s current judgment and expectations as of the date the statement is first made, but our actual results, events and performance could differ materially from those expressed or implied by forward-looking statements. We caution you not to place undue reliance upon any such forward-looking statements. We do not intend to update any of these forward-looking statements or publicly announce the results of any revisions to these forward-looking statements, other than as is required under U.S. federal securities laws. Our business is subject to numerous risks and uncertainties, including those relating to fluctuations in our operating results on a quarterly and annual basis; our substantial dependence on developing new products and achieving design wins; our dependence on several large customers for a substantial portion of our revenue; a loss of revenue if defense and aerospace contracts are canceled or delayed; our dependence on third parties; risks related to sales through distributors; risks associated with the operation of our manufacturing facilities; business disruptions; poor manufacturing yields; increased inventory risks and costs, due to timing of customers’ forecasts; our inability to effectively manage or maintain relationships with chipset suppliers; our ability to continue to innovate in a very competitive industry; underutilization of manufacturing facilities; unfavorable changes in interest rates, pricing of certain precious metals, utility rates and foreign currency exchange rates; our acquisitions, divestitures and other strategic investments failing to achieve financial or strategic objectives; our ability to attract, retain and motivate key employees; warranty claims, product recalls and product liability; changes in our effective tax rate; enactment of international or domestic tax legislation, or changes in regulatory guidance; changes in the favorable tax status of certain of our subsidiaries; risks associated with social, environmental, health and safety regulations, and climate change; risks from international sales and operations; economic regulation in China; changes in government trade policies, including imposition of tariffs and export restrictions; we may not be able to generate sufficient cash to service all of our debt; restrictions imposed by the agreements governing our debt; our reliance on our intellectual property portfolio; claims of infringement of third-party intellectual property rights; security breaches, failed system upgrades or regular maintenance and other similar disruptions to our IT systems; theft, loss or misuse of personal data by or about our employees, customers or third parties; provisions in our governing documents and Delaware law may discourage takeovers and business combinations that our stockholders might consider to be in their best interests; and volatility in the price of our common stock. These and other risks and uncertainties, which are described in more detail under “Risk Factors” in Part I, Item 1A of our Annual Report on Form 10-K for the fiscal year ended March 30, 2024, and Qorvo’s subsequent reports and statements that we file with the SEC, could cause actual results and developments to be materially different from those expressed or implied by any of these forward-looking statements.

    At Qorvo®
    Doug DeLieto
    VP, Investor Relations
    1.336.678.7968

    The MIL Network –

  • MIL-OSI: MEXC Launches Pizza Day Lucky Wheel Event Offering Over $100,000 in BTC and Hot Tokens

    Source: GlobeNewswire (MIL-OSI)

    VICTORIA, Seychelles, May 19, 2025 (GLOBE NEWSWIRE) — MEXC, a leading global cryptocurrency exchange, has announced the launch of the Pizza Day Lucky Wheel event to celebrate Bitcoin Pizza Day. Bitcoin Pizza Day originated on May 22, 2010, when a programmer purchased two pizzas for 10,000 Bitcoins, marking the first real-world transaction using Bitcoin and symbolizing a key milestone in cryptocurrency’s practical application. In this event, users will have the opportunity to share over $100,000 in BTC and other hot tokens.

    Event Details

    The Pizza Day Lucky Wheel event runs from May 19, 12:00 to May 28, 2025, 12:00 (UTC).

    How to Participate

    • Register for the event on the official MEXC platform.
    • Complete the tasks listed on the event page to earn spin chances.
    • Spin the Wheel to win BTC, hot tokens, and other rewards.

    Bonus Offer
    Users who invite friends to join MEXC using a referral code can receive a 10 USDT token gift pack for each friend who registers and completes a task. Each referrer can earn up to five gift packs on a first-come, first-served basis. For more details and to participate in the Pizza Day Lucky Wheel event, please visit here.

    In addition to the Pizza Day Lucky Wheel event, MEXC has launched various regional events to celebrate Pizza Day, providing generous rewards. Details of these events can be found below:

    As a firm believer in the cultural value of crypto, MEXC actively promotes community engagement through creative, culturally inspired events. These initiatives enrich the user experience and help shape a more inclusive and participatory crypto ecosystem.

    About MEXC
    Founded in 2018, MEXC is committed to being “Your Easiest Way to Crypto.” Serving over 40 million users across 170+ countries, MEXC is known for its broad selection of trending tokens, everyday airdrop opportunities, and low trading fees. Our user-friendly platform is designed to support both new traders and experienced investors, offering secure and efficient access to digital assets. MEXC prioritizes simplicity and innovation, making crypto trading more accessible and rewarding.
    MEXC Official Website｜ X ｜ Telegram ｜How to Sign Up on MEXC

    Source

    Contact:
    Lucia Hu
    lucia.hu@mexc.com

    Disclaimer: This is a paid post and is provided by MEXC. 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/a5d6bc55-13e5-4c09-8e0a-a6aeb1f78c18

    The MIL Network –

  • MIL-OSI: Fast Payout Online Casinos: JACKBIT Rated Top Casino For Same Day Withdrawals & Wager-Free Bonuses!

    Source: GlobeNewswire (MIL-OSI)

    TUPELO, Miss., May 19, 2025 (GLOBE NEWSWIRE) — The online casino industry is booming, captivating players worldwide with its thrilling mix of entertainment and real-money rewards, solidifying its dominance in the gaming sector. As players seek platforms that combine excitement with instant access to winnings, fast payout online casinos have become essential.

    >>CLICK HERE TO JOIN JACKBIT & CLAIM YOUR 100 FREE SPINS<<

    After thoroughly evaluating numerous platforms for their bonuses, game variety, and withdrawal speeds, we’ve crowned JACKBIT as the ultimate fast payout casino. Its massive library of over 6,500 games and lightning-fast withdrawal system left us astonished, making it the top choice for the best online casino fast payout experience.

    Why Choose Fast Payout Online Casinos?

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    >> CLICK HERE TO JOIN JACKBIT TODAY & WITHDRAW YOUR WINNINGS FASTER THAN EVER!<<

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    Instant crypto withdrawals  
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    Mobile-optimized platform  
    Provably fair games  
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    Top Casino Games at JACKBIT

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    Best Real Money Slots:

    • Gates of Olympus: A high-volatility slot with cascading wins and massive payout potential. Its vibrant visuals and bonus features keep players engaged. Ideal for those seeking big wins in a fast payout casino.
    • Sweet Bonanza: A colorful slot with tumbling reels and multipliers for thrilling gameplay. Its high RTP makes it a favorite for real cash payout online casino players. Perfect for casual and seasoned slot enthusiasts.
    • Mega Joker: A progressive jackpot slot offering life-changing payouts. Its classic design appeals to traditional players at this instant withdrawal casino. High stakes yield high rewards.

    These slots deliver exciting gameplay and significant real cash payout online casino opportunities. Spin for big wins with just one click at JACKBIT’s fast paying online casinos!

    Table Games:

    • American Blackjack: A fast-paced classic with strategic depth. Ideal for players seeking skill-based wins at this same day withdrawal casino.
    • French Roulette: Offers elegant gameplay with favorable odds. Its immersive design enhances vented for instant withdrawal casinos. Perfect for roulette enthusiasts at JACKBIT.
    • Texas Hold’em Poker: A strategic card game for competitive players. Test your skills at this easy cash out online casino.

    Live Dealer Games:

    Experience the thrill of live blackjack, roulette, baccarat, and game shows with professional dealers. These games offer an authentic casino atmosphere at this fast withdrawal online casino. Real-time interaction enhances the excitement, making every session unforgettable.

    Progressive Jackpots:

    Chase massive wins with titles like Jackpot Raiders and Hall of Gods. These games offer escalating prize pools for life-changing payouts. Ideal for high rollers at this fastest online casino payout platform.

    Specialty Games

    Explore unique options like keno, bingo, and virtual sports for casual fun. These games provide a refreshing break at this online casino with easy withdrawal. Perfect for quick, low-stakes entertainment.

    >>CLICK HERE TO PLAY FAN-FAVORITE GAMES ANYTIME<<

    Secure Payment Methods

    JACKBIT offers a variety of secure payment methods, making it an online casino with easy withdrawal for players worldwide.

    Fiat Currency Methods Type
    MasterCard, Visa Credit/Debit Card
    Neteller, Skrill E-Wallet
    Bank Transfer Fiat
    Crypto Methods Type Deposit Time Withdrawal Time
    Bitcoin, Ethereum, Solana, Tether Cryptocurrency Instant Instant

    All transactions are protected by SSL encryption, ensuring JACKBIT remains the fastest online casino payout platform for secure deposits and withdrawals.

    Responsible Gambling And Mobile Gaming

    Responsible Gambling

    JACKBIT is committed to promoting safe gaming with tools to help players stay in control:

    • Deposit Limits: Set daily, weekly, or monthly caps to manage spending. This helps players stay within their budget and avoid overspending. Contact support to customize limits based on your needs. These limits can be adjusted anytime to suit your financial goals.
    • Loss Limits: Restrict losses to encourage responsible play. This feature prevents chasing losses and promotes mindful gaming. Adjust limits via your account settings for flexibility. It’s a proactive way to maintain control over your gaming habits.
    • Wager Limits: Control betting amounts to avoid impulsive bets. This ensures responsible wagering and enhances long-term enjoyment. Limits are easily adjustable to match your gaming style. Regular reminders help you stick to your set boundaries.
    • Session Limits: Define playtime to promote healthy gaming habits. This encourages breaks and prevents excessive play. Set reminders to track session duration effortlessly. Notifications alert you when your session time is nearing its limit.
    • Self-Exclusion: If necessary, suspend your account either temporarily or permanently. This supports players seeking a break or looking to stop gambling. Contact support for guidance on the process. Resources are provided to assist with responsible gaming decisions.

    Support resources are available for players seeking help, reinforcing JACKBIT’s role as a trusted fast payout casino that prioritizes player well-being.

    Mobile Gaming

    JACKBIT’s mobile-optimized platform ensures seamless gaming on smartphones and tablets without requiring an app. From slots to live dealer games, players can access the full experience on the go, making it a top instant withdrawal casino for mobile users.

    Conclusive Thoughts on JACKBIT – The Best Fast Payout Online Casino

    JACKBIT sets the gold standard for fast payout online casinos in 2025, combining a massive game library, generous bonuses, robust security, and instant withdrawals. Its mobile compatibility, diverse payment options, and 24/7 support make it a fast payout casino for players of all levels.

    Whether you’re spinning slots or enjoying live dealer games, JACKBIT delivers unmatched entertainment backed by a commitment to responsible gambling and transparency. Join JACKBIT today to experience why it’s the ultimate destination for fast payout online casino gaming.

    >>CLICK HERE TO PLAY AT JACKBIT & WITHDRAW YOUR WINNINGS INSTANTLY<<

    FAQs About JACKBIT

    1. What makes JACKBIT a leading fast payout online casino?

    JACKBIT’s instant crypto withdrawals and a vast game library make it a top fast payout casino.

    2. Is JACKBIT secure for fast withdrawal online casino gaming?

    Yes, with a Curacao license and SSL encryption, JACKBIT is a safe instant withdrawal casino.

    3. What bonuses does JACKBIT offer as a fast payout casino?

    New players get 100 wager-free spins, plus cashback and tournament rewards.

    4. Can I play JACKBIT’s games on mobile as an instant payout casino?

    JACKBIT’s mobile platform offers seamless access to all games and features.

    5. What payment methods are available at JACKBIT’s fast paying online casinos?

    JACKBIT supports Bitcoin, Ethereum, Visa, Skrill, and more for secure transactions.

    6. How fast are withdrawals at JACKBIT’s fastest online casino payout system?

    Crypto withdrawals are instant, while fiat takes 1-3 days at this same day withdrawal casino.

    Email: support@JACKBIT.com

    Disclaimer

    This article doesn’t claim to be financial or legal advice; in fact, it is strictly informational. Gambling carries risks and may be addictive; please play responsibly. Check if gambling on the internet is allowed in that region. Information is accurate as of May 2025, but terms may change; check JACKBIT for updates.

    This article is for informational and promotional purposes only and does not constitute legal, financial, or professional advice. While efforts have been made to ensure accuracy at the time of publication, no warranties are made regarding completeness or timeliness. Readers should verify information independently. The publisher, affiliates, and contributors are not liable for errors, omissions, or losses arising from this content.

    This content may contain affiliate links, which may earn a commission at no additional cost to you if you make a purchase or deposit. These links do not affect editorial integrity, and evaluations are based on independent research.

    Photos accompanying this announcement are available at:

    https://www.globenewswire.com/NewsRoom/AttachmentNg/3ba1e4f0-857d-4a64-9692-7951057deec1

    https://www.globenewswire.com/NewsRoom/AttachmentNg/62ba5bee-0981-4b3a-a947-f6b34db15405

    https://www.globenewswire.com/NewsRoom/AttachmentNg/bc5992a1-52cb-48ec-8a64-95bf4c5f6119

    The MIL Network –

  • MIL-OSI: Best Crypto Casinos: JACKBIT Shines As Top-Rated Bitcoin Online Casino For No KYC, Bonuses & Fast Payout!

    Source: GlobeNewswire (MIL-OSI)

    LITTLE ROCK, Ark., May 19, 2025 (GLOBE NEWSWIRE) — The crypto casino industry has skyrocketed, transforming the casino landscape with its promise of speed, privacy, and innovation. These platforms have become a favorite among players, offering a seamless alternative to traditional gambling.

    >>CLAIM YOUR 100 WAGER-FREE SPINS + 30% RAKEBACK – CLICK HERE TO GET STARTED!<<

    Following extensive testing of multiple crypto casinos, and analyzing their bonuses, rewards, and performance, we’ve crowned JACKBIT as the best crypto casino for 2025. Its jaw-dropping game library and lightning-fast payouts left us in awe, making it stand out among the best crypto casinos. Discover why JACKBIT is redefining crypto gambling!

    Overview Of JACKBIT Crypto Casino

    • Launch Year: 2022
    • License: Curacao eGaming License
    • Game Selection: Over 8,000 games (slots, live casino, table games, esports betting)
    • Software Providers: Pragmatic Play, Evolution Gaming, Betsoft, Yggdrasil, and more
    • Payment Methods: Crypto (Bitcoin, Ethereum, USDT, Binance Coin) and fiat-to-crypto options
    • Withdrawal Speed: Instant or within 15 minutes

    JACKBIT’s no KYC policy for crypto users positions it as the best no KYC casino, while its rapid withdrawals make it the best instant withdrawal Bitcoin casino. With lucrative bonuses, round-the-clock support, and top-tier security, JACKBIT is a top crypto casino for players worldwide.

    Why JACKBIT Is One of the Best Crypto Casinos?

    JACKBIT sets itself apart in the crowded world of crypto gambling sites with a blend of cutting-edge features and player-centric services. Here’s why it’s a leader among the best crypto casinos:

    • Blazing-Fast Withdrawals: JACKBIT delivers withdrawals in as little as 15 minutes, making it a top Bitcoin casino for players who value quick access to their funds. This speed is unmatched among crypto gambling sites, earning it a spot as the best BTC casino.
    • Massive Game Collection: Boasting over 8,000 games, JACKBIT caters to every taste. From immersive slots to live dealer tables and esports betting, partnerships with giants like Evolution Gaming ensure top-notch quality, solidifying its status as a top crypto casino.
    • Privacy-First Approach: With no KYC for most crypto transactions, JACKBIT is the best no KYC casino, offering anonymity that appeals to privacy-conscious players. This feature makes it a favorite among the best crypto casinos.

    >>PLAY FREELY, STAY ANONYMOUS – CLICK HERE TO JOIN JACKBIT TODAY!<<

    • Lucrative Bonuses: New players enjoy 100 wager-free spins, a 30% rakeback, and a 100% risk-free esports bet. Weekly tournaments with $20,000 prize pools keep the excitement alive, making JACKBIT a top Bitcoin casino for rewards.
    • 24/7 Support: JACKBIT’s support team is available via live chat, email, and phone, ensuring players get help anytime. This dedication enhances its reputation as a safe and reliable crypto gambling site.
    • Ironclad Security: Featuring SSL encryption and provably fair gaming, JACKBIT ensures a secure environment, making it one of the safest options among the best crypto casinos.

    These qualities make JACKBIT a trailblazer among crypto gambling sites, delivering an experience that’s hard to beat.

    Bonuses And Promotions

    JACKBIT keeps players engaged with a range of exciting bonuses and promotions, ensuring every session is rewarding. Here’s what you can expect from this new crypto casino:

    • Welcome Bonus: Kick off with 100 wager-free spins, a 30% rakeback, and a 100% risk-free esports bet on your first deposit.
    • Daily and Weekly Tournaments: Participate in sports competitions with up to $20,000 in prize pools or JACKBIT tournaments with up to $10,000 and 1,000 free spins.
    • Cashback Rewards: Regular cashback on losses extends your playtime, a hallmark of the best crypto casinos.
    • Esports Bonuses: Enjoy bet insurance and free bets tailored for esports enthusiasts.
    • VIP Rakeback Club: Loyal players earn points for cash, faster withdrawals, and exclusive perks.
    • 3+1 FreeBet: Place 3 bets and get the fourth free.
    • Drops & Wins: Dive into a $2,000,000 prize pool for slots and live casino games.
    • Social Media Rewards: Follow JACKBIT’s social channels for exclusive bonuses.

    These promotions make JACKBIT one of the most rewarding new crypto casinos, offering endless value to players.

    >>CLICK HERE TO CLAIM YOUR 100 WAGER-FREE SPINS<<

    Guide To Join JACKBIT

    Getting started with JACKBIT is a breeze, designed to have you playing in minutes at one of the best crypto casinos. Follow these steps:

    1. Visit the JACKBIT Website:
    Click here to head to the official JACKBIT site to start your journey. The website’s sleek design makes navigation effortless, even for first-time users. Ensure you’re on an authentic site to protect your information.

    2. Sign Up:
    Click “Register” and provide your email and a secure password. No KYC is needed for crypto users, reinforcing JACKBIT’s status as the best no KYC casino. The process takes seconds, letting you dive into the action quickly.

    3. Verify Your Email:
    Check your inbox for a verification link and click to activate your account. This step ensures your account is secure and ready for use. Be sure to check your spam folder if the email doesn’t appear immediately.

    4. Deposit Funds:
    Navigate to the deposit section, choose your preferred cryptocurrency, and follow the prompts. Fiat options like Visa or Google Pay are available to buy crypto. Instant processing of deposits allows you to begin playing right away.

    5. Claim Your Bonus:
    Grab 100 wager-free spins, a 30% rakeback, and a 100% risk-free sports bet to boost your start. These bonuses are automatically credited after your first deposit. Check the promotions page for any additional offers.

    6. Start Gaming:
    Explore the 8,000+ games and dive into the action at this top crypto casino. Everyone can find something they enjoy, whether it’s live casinos or slots. Use the intuitive interface to find your favorite games quickly.

    This simple process ensures you’re quickly immersed in the best Bitcoin casino experience.

    Pros And Cons Of JACKBIT

    Here’s a balanced look at JACKBIT’s strengths and weaknesses to help you decide if it’s the right fit among the best crypto casinos:

    Pros Cons
    Ultra-fast crypto withdrawals (often within 15 minutes) No direct fiat wagering options
    Over 8,000 games for an endless variety  
    No KYC for crypto users  
    Generous bonuses with wager-free spins  
    24/7 customer support via multiple channels  
    Robust security with SSL encryption  

    This table highlights why JACKBIT is a top Bitcoin casino while noting areas for consideration.

    Game Selection At JACKBIT

    JACKBIT’s game library is a treasure trove, offering over 8,000 titles to suit every player. Partnering with industry leaders like Pragmatic Play and Betsoft, it delivers premium entertainment across these categories:

    • Slots: From classic reels to feature-packed video slots with Megaways and jackpots, there’s something for every slot lover. Popular titles offer immersive themes and high RTP rates for better-winning chances. Regular updates ensure fresh content, keeping JACKBIT among the best crypto casinos for slot enthusiasts.
    • Live Casino: Experience real-time thrills with live dealers in blackjack, roulette, baccarat, and game shows. High-definition streaming creates an authentic casino atmosphere from anywhere. Players can interact with dealers, enhancing the social aspect of this top crypto casino.

    >>SIGN UP WITH JACKBIT TO CHECK OUT YOUR FAVORITE GAMES<<

    • Table Games: Enjoy strategic classics like poker, blackjack, and roulette in various styles. Multiple variants cater to both beginners and seasoned players. Provably fair options add transparency, a key feature of the best BTC casino.
    • Sports Betting: JACKBIT’s sportsbook offers competitive odds and live betting options for a variety of sports, such as basketball, football, and esports.
    • Instant Games: Try quick-play options like crash games and scratch cards for fast fun. These games are perfect for players seeking instant results with minimal strategy. Their simplicity and high rewards make JACKBIT a top Bitcoin casino for casual gamers.

    This variety cements JACKBIT’s place among the best crypto casinos for diverse gaming.

    Why Choose Crypto Casinos?

    Crypto casinos like JACKBIT are reshaping online gambling with unique advantages over traditional platforms, making them a top choice for modern players:

    • Anonymity: No KYC requirements for crypto users ensure privacy, positioning JACKBIT as the best no KYC casino.
    • Speed: Crypto transactions are lightning-fast, with withdrawals often processed in minutes, a key feature of the best BTC casino.
    • Security: Blockchain technology guarantees secure, transparent transactions, making JACKBIT a safe crypto gambling site.
    • Global Reach: Crypto casinos bypass many fiat-related restrictions, offering broader access worldwide.
    • Low Fees: Cryptocurrency transactions typically have minimal fees, maximizing player value at the best crypto casinos.

    These benefits make JACKBIT a standout in the world of crypto gambling sites.

    Payment Methods

    JACKBIT is a crypto-first platform, supporting a variety of cryptocurrencies for seamless deposits and withdrawals:

    • Cryptocurrencies:
      • Bitcoin (BTC)
      • Ethereum (ETH)
      • Tether (USDT)
      • Binance Coin (BNB)
      • Litecoin (LTC)
      • Dogecoin (DOGE)
      • Tron (TRX)

    >>CLICK HERE TO VISIT JACKBIT & EXPERIENCE INSTANT PAYOUTS!<<

    • Fiat-to-Crypto Options:
      • Visa
      • Mastercard
      • Google Pay
      • Apple Pay
      • Bank Transfer

    All gameplay occurs in cryptocurrency, reinforcing JACKBIT’s status as a top Bitcoin casino with secure, fast transactions.

    How To Buy Crypto At JACKBIT?

    Purchasing crypto to play at this new crypto casino is straightforward:

    1. Log into your JACKBIT account.
    2. Go to “Deposit” and select “Buy Crypto.”
    3. Choose a fiat method (e.g., Mastercard or Google Pay).
    4. Pick your desired cryptocurrency.
    5. Enter the amount and confirm.
    6. Funds are credited instantly for gameplay.

    This process makes JACKBIT accessible even for crypto newcomers, enhancing its appeal among the best crypto casinos.

    Mobile Compatibility

    JACKBIT is optimized for mobile gaming, letting you enjoy its full range of games on iOS and Android devices through any browser. While there’s no dedicated app, the responsive website mirrors the desktop experience, including live casino and esports betting. This flexibility makes JACKBIT a top crypto casino for players on the move.

    User Interface And Experience

    JACKBIT’s sleek, modern interface features intuitive navigation and a dark theme that’s easy on the eyes. High-quality graphics, fast-loading pages, and multi-language support create a welcoming experience for global players. Whether on desktop or mobile, the seamless design ensures effortless browsing, solidifying JACKBIT’s reputation as a top Bitcoin casino.

    Responsible Gambling At JACKBIT – The Best Crypto Casino

    JACKBIT prioritizes player well-being with tools to promote responsible gambling:

    • Self-Exclusion: Temporarily or permanently pause your account to take a break. This feature is ideal for players needing time away to reassess their habits. JACKBIT ensures the process is user-friendly and respects player privacy throughout.
    • Deposit Limits: To control expenditure, establish daily, weekly, or monthly restrictions. These customizable limits help prevent overspending and promote financial control. Players can easily adjust or remove limits via their account settings as needed.
    • Reality Checks: Get periodic reminders of your playtime to stay mindful. These notifications help you track session duration and encourage balanced gaming. You can configure the frequency to match your preferences for a personalized experience.
    • Cooling-Off Periods: Take a short break without closing your account. This temporary pause is perfect for players seeking a brief reset. It allows you to step back while keeping your account active for future play.

    These features, paired with links to support resources, make JACKBIT a responsible choice among the best crypto casinos.

    Conclusion: JACKBIT—The Best Crypto Casino For 2025

    JACKBIT emerges as a titan among the best crypto casinos in 2025, blending speed, variety, and security. Its vast game library, instant withdrawals, generous bonuses, and no KYC policy make it the best Bitcoin casino for players of all levels. With a user-friendly interface, robust security, and a commitment to responsible gambling, JACKBIT delivers an unrivaled experience. Join now and see why it’s the ultimate destination for crypto gambling sites.

    >>CLICK HERE TO UNLOCK YOUR BONUS PACK: 100 FREE SPINS!<<

    FAQs

    1. Why is JACKBIT considered one of the best crypto casinos?

    JACKBIT shines with fast withdrawals, a massive game library, and no KYC, making it a top crypto casino.

    2. How fast are withdrawals at JACKBIT?

    Crypto withdrawals are typically processed within 15 minutes, earning JACKBIT its best BTC casino status.

    3. Can I use fiat currencies to wager at JACKBIT?

    No, wagering is crypto-only, but fiat options like Visa are available to buy crypto.

    4. Are there fees for withdrawals at JACKBIT?

    JACKBIT offers fee-free withdrawals, a perk of this top Bitcoin casino.

    5. Is JACKBIT accessible worldwide?

    Availability varies by region; check JACKBIT’s terms to confirm access in your country.

    6. What support options does JACKBIT provide?

    JACKBIT offers 24/7 support via live chat, email, and phone for quick assistance.

    Email: support@JACKBIT.com

    Disclaimer

    Gambling entails hazards and needs to be handled carefully. Participants have to be of the legal gambling age in the region they reside in. The information provided here does not provide financial advice; it is merely meant to be helpful. Always gamble responsibly and within your means.

    This article is for informational and promotional purposes only and does not constitute legal, financial, or professional advice. While we strive for accuracy, we make no warranties regarding the completeness or timeliness of the content. Readers should verify information independently before acting on it. The publisher, affiliates, and contributors are not liable for any errors, omissions, or losses arising from this content.

    This article may contain affiliate links, which may earn a commission at no extra cost to you. These relationships do not influence our editorial integrity, and all evaluations are based on independent research. Gambling is intended for those of legal age (typically 18+). It carries financial risks and may lead to addiction. Gamble responsibly and seek help if needed. Brand names and trademarks belong to their respective owners.

    Photos accompanying this announcement are available at:

    https://www.globenewswire.com/NewsRoom/AttachmentNg/7fac4085-28e6-4561-8a68-1fd71c53f261

    https://www.globenewswire.com/NewsRoom/AttachmentNg/0d3b8fd9-23ef-4a84-94ff-cd4ab02f8ff3

    https://www.globenewswire.com/NewsRoom/AttachmentNg/cc1e20b6-dabe-427c-9e0c-6f2af8b8bcb6

    The MIL Network –

  • MIL-OSI: Nasdaq Notification Regarding Minimum Bid Price Requirement and Minimum Market Value of Listed Securities

    Source: GlobeNewswire (MIL-OSI)

    Nasdaq Notification Regarding Minimum Bid Price Requirement

    SINGAPORE, May 19, 2025 (GLOBE NEWSWIRE) — Trident Digital Tech Holdings Ltd (“Trident” or the “Company,” NASDAQ: TDTH), a leading catalyst for digital transformation in technology optimization services and Web 3.0 activation based in Singapore, has received a notification letter, dated May 13, 2025, from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that the minimum bid price per share of its securities was below $1.00 for a period of 32 consecutive business days and that the Company did not meet the minimum bid price requirement set forth in Nasdaq Listing Rule 5550(a)(2) (the “Minimum Bid Price Requirement”).

    The notification letter has no immediate effect on the listing of the Company’s securities, and the Company’s securities continue to trade on Nasdaq under the symbol “TDTH”.

    Pursuant to Nasdaq Listing Rule 5810(c)(3)(A), the Company has a compliance period of one hundred eighty (180) calendar days, or until November 10, 2025 (the “Compliance Period”), to regain compliance with Nasdaq’s Minimum Bid Price Requirement. If at any time during the Compliance Period, the closing bid price per share of the Company’s securities is at least $1.00 for a minimum of ten (10) consecutive business days, Nasdaq will provide the Company a written confirmation of compliance and the matter will be closed.

    In the event the Company does not regain compliance by November 10, 2025, the Company may be eligible for an additional 180 calendar day grace period. To qualify, the Company will be required to meet the continued listing requirement for market value of publicly held shares and all other initial listing standards for the Nasdaq Capital Market, with the exception of the bid price requirement, and will need to provide written notice of its intention to cure the deficiency during the second compliance period, including by effecting a reverse stock split, if necessary.

    The Company intends to monitor the closing bid price of its securities and will consider its options in order to regain compliance with the Minimum Bid Price Requirement.

    Nasdaq Notification Regarding Minimum Market Value of Listed Securities

    On May 13, 2025, the Company received a letter from Nasdaq indicating that, based upon the Company’s market value of listed securities (“MVLS”) for the 31 consecutive business day period from March 28, 2025 through May 12, 2025, the Company did not maintain the minimum MVLS of US$35,000,000 required for continued listing on the Nasdaq Capital Market pursuant to Nasdaq Listing Rule 5550(b)(2). The Company will be afforded a period of 180 calendar days, or until November 10, 2025 (the “MVLS Compliance Period”), in which to regain compliance pursuant to Nasdaq Listing Rule 5810(c)(3)(C).

    In order to regain compliance with Nasdaq’s minimum MVLS requirement, the minimum MVLS of the Company must meet or exceed US$35,000,000 for a minimum of ten consecutive business days during the MVLS Compliance Period. In the event the Company does not regain compliance by the end of the MVLS Compliance Period, the Company will receive written notification that its securities are subject to delisting, which the Company may appeal to a hearings panel.

    The Company intends to continue to monitor its MVLS between now and November 10, 2025, and will consider the various options available to the Company if its listed securities do not trade at a level that is likely to regain compliance. There can be no assurance that the Company will be able to regain compliance with the MVLS requirement or maintain compliance with any of the other Nasdaq Capital Market continued listing requirements.

    The foregoing letter has no immediate effect on the listing of the Company’s securities, which will continue to be listed and traded on Nasdaq under the symbol “TDTH”, subject to the Company’s compliance with the other continued listing requirements of the Nasdaq Capital Market.

    About Trident

    Trident is a leading catalyst for digital transformation in digital optimization, technology services, and Web 3.0 activation worldwide, based in Singapore. The Company offers commercial and technological digital solutions designed to optimize its clients’ experience with their end-users by promoting digital adoption and self-service.

    Tridentity, the Company’s flagship product, is an innovative and highly secure blockchain-based identity solution designed to provide secure single sign-on authentication capabilities to integrated third-party systems across various industries. Tridentity aims to offer unparalleled security features, ensuring the protection of sensitive information and preventing potential threats, thus promising a new secure era in the global digital landscape in general, and in South Asia etc.

    Beyond Tridentity, the Company’s mission is to become the global leader in Web 3.0 activation, notably connecting businesses to a reliable and secure technological platform, with tailored and optimized customer experiences.

    Safe Harbor Statement

    This announcement contains statements that may constitute “forward-looking” statements pursuant to the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “aims,” “future,” “intends,” “plans,” “believes,” “estimates,” “likely to,” and similar statements. The Company may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (the “SEC”), in its annual report to shareholders, in announcements and other written materials, and in oral statements made by its officers, directors, or employees to third parties. Statements that are not historical facts, including statements about the Company’s beliefs, plans, and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: the Company’s strategies, future business development, and financial condition and results of operations; the expected growth of the digital solutions market; the political, economic, social and legal developments in the jurisdictions that the Company operates in or in which the Company intends to expand its business and operations; the Company’s ability to maintain and enhance its brand. Further information regarding these and other risks is included in the Company’s filings with the SEC. All information provided in this announcement is as of the date of this announcement, and the Company does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

    For Investor/Media Enquiries

    Investor Relations
    Robin Yang, Partner
    ICR, LLC
    Email: investor@tridentity.me
    Phone: +1 (212) 321-0602

    The MIL Network –

  • MIL-OSI: Mine Bitcoin Solaris on Your Smartphone: Nova App Private Beta Now Live

    Source: GlobeNewswire (MIL-OSI)

    TALLINN, Estonia, May 19, 2025 (GLOBE NEWSWIRE) — Bitcoin Solaris today announced the launch of the private beta for its Nova App, a next-generation mobile mining platform that allows users to earn Bitcoin Solaris (BTC-S) tokens directly from their smartphones, laptops, or PCs — with no specialized equipment or technical setup required.

    This marks a major milestone in Bitcoin Solaris’ mission to make cryptocurrency mining accessible, efficient, and profitable for everyone.

    The Nova App: Tap to Mine, Earn Daily

    The Nova App transforms smartphones into mining nodes that contribute directly to the Bitcoin Solaris blockchain. Users can now begin earning BTC-S through a seamless, low-energy process optimized for mobile devices.

    Key Features of the Nova App:

    • No Equipment Costs: Mine crypto without ASICs, GPUs, or high-end computers
    • Cross-Platform Support: Available for Android, iOS, Windows, macOS, Linux, and web browsers
    • Battery & Data Friendly: Smart energy management ensures minimal resource usage
    • Daily Rewards: Receive BTC-S every day based on contribution metrics
    • Built-in Wallet: Securely manage tokens in-app
    • Step-by-Step Tutorials: Anyone can get started in minutes with no technical experience required

    Nova App mining is not just a tech feature — it’s the foundation for a decentralized, user-powered economy where earnings reflect active participation.

    Behind the Blockchain: Secure, Audited, Scalable

    Bitcoin Solaris runs on a hybrid consensus architecture that integrates Proof-of-Stake, Proof-of-Capacity, Proof-of-History, and Proof-of-Time — enabling fast transactions, enhanced security, and over 10,000 TPS with 2-second block finality.

    All smart contracts powering the network have been independently audited, and the core team is fully KYC verified, ensuring trust, transparency, and protocol integrity.

    Liquid Staking with Utility

    Beyond mining, users can stake their BTC-S and receive sBTC-S, a liquid staking token that unlocks access to DeFi tools and on-chain governance without locking up capital. Features include:

    • Continuous staking rewards
    • DeFi utility: lending, borrowing, liquidity provisioning
    • On-chain governance participation

    This system empowers users to stay agile with their assets while maximizing potential yield.

    Presale Phase 3: A Time-Limited Opportunity

    The BTC-S token is built on a fixed-supply model, with a cap of 21 million tokens. Only 4.2 million have been allocated to presale, and Phase 3 is now live:

    • Current Price: 3 USDT
    • Next Phase: 4 USDT
    • Launch Price: 20 USDT
    • Bonus: 13 percent
    • Remaining Tokens in this Round: 323,076

    This limited window offers early adopters a discounted entry point before the public Nova App release and exchange listings.

    Even Crypto Nitro recently highlighted Bitcoin Solaris in a detailed review covering why this project is grabbing so much attention in the crypto space.

    With the Nova App private beta now live, users can start mining Bitcoin Solaris from anywhere, with nothing more than a smartphone. It’s crypto mining redefined — inclusive, transparent, and built for real-world rewards.

    Download instructions and full program details are available for early beta testers.

    For More Information:
    Website: https://www.bitcoinsolaris.com/
    Telegram: https://t.me/Bitcoinsolaris
    X: https://x.com/BitcoinSolaris

    Media Contact:
    Xander Levine
    info@bitcoinsolaris.com

    Disclaimer: This is a paid post and is provided by Bitcoin Solaris. 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.

    Photos accompanying this announcement are available at
    https://www.globenewswire.com/NewsRoom/AttachmentNg/72d2780a-8ea2-48c5-9763-84426c88aea4

    https://www.globenewswire.com/NewsRoom/AttachmentNg/40976ede-9ae8-41f8-aae6-f6c52803fa55

    https://www.globenewswire.com/NewsRoom/AttachmentNg/03c21579-1339-48a8-a339-8f3d785f3846

    The MIL Network –

  • MIL-OSI: Form 8.5 (EPT/RI) – AMENDMENT – Serinus Energy Plc

    Source: GlobeNewswire (MIL-OSI)

    FORM 8.5 (EPT/RI)

    PUBLIC DEALING DISCLOSURE BY AN EXEMPT PRINCIPAL TRADER WITH RECOGNISED INTERMEDIARY STATUS DEALING IN A CLIENT-SERVING CAPACITY
    Rule 8.5 of the Takeover Code (the “Code”)

    1.        KEY INFORMATION

    (a)        Name of exempt principal trader: Shore Capital Stockbrokers Ltd
    (b)        Name of offeror/offeree in relation to whose relevant securities this form relates:
            Use a separate form for each offeror/offeree    		 Serinus Energy Plc
    (c)        Name of the party to the offer with which exempt principal trader is connected: Serinus Energy Plc
    (d)        Date dealing undertaken: 13 May 2025
    (e)        Has the EPT previously disclosed, or is it today disclosing, under the Code in respect of any other party to this offer? No

    2.        DEALINGS BY THE EXEMPT PRINCIPAL TRADER

    (a)        Purchases and sales

    Class of relevant security Purchases/ sales Total number of securities Highest price per unit paid/received Lowest price per unit paid/received
    Ordinary Purchases 25,000 3.228p 3.228p
    Ordinary Sales N/A N/A N/A

    (b)        Derivatives transactions (other than option)

    Class of relevant security Product description
    e.g. CFD    		 Nature of dealing
    e.g. opening/closing a long/short position, increasing/reducing a long/short position    		 Number of reference securities Price per unit
             

    (c)        Options transactions in respect of existing securities

    (i)        Writing, selling, purchasing or varying

    Class of relevant security Product description e.g. call option Writing, purchasing, selling, varying etc. Number of securities to which option relates Exercise price per unit Type
    e.g. American, European etc.    		 Expiry date Option money paid/ received per unit
                   

    (ii)        Exercising

    Class of relevant security Product description
    e.g. call option    		 Number of securities Exercise price per unit
           

    (d)        Other dealings (including subscribing for new securities)

    Class of relevant security Nature of dealing
    e.g. subscription, conversion    		 Details Price per unit (if applicable)
           

    The currency of all prices and other monetary amounts should be stated.

    Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(b), copy table 2(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in.

    3.        OTHER INFORMATION

    (a)        Indemnity and other dealing arrangements

    Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the exempt principal trader making the disclosure and any party to the offer or any person acting in concert with a party to the offer:
    If there are no such agreements, arrangements or understandings, state “none”

    None

    (b)        Agreements, arrangements or understandings relating to options or derivatives

    Details of any agreement, arrangement or understanding, formal or informal, between the exempt principal trader making the disclosure and any other person relating to:
    (i)        the voting rights of any relevant securities under any option; or
    (ii)        the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced:
    If there are no such agreements, arrangements or understandings, state “none”

    None
    Date of disclosure: 19 May 2025
    Contact name: Laura Parmenter
    Telephone number: 0207 647 8154

    Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service and must also be emailed to the Takeover Panel at monitoring@disclosure.org.uk. The Panel’s Market Surveillance Unit is available for consultation in relation to the Code’s dealing disclosure requirements on +44 (0)20 7638 0129.
    The Code can be viewed on the Panel’s website at www.thetakeoverpanel.org.uk.

    The MIL Network –

  • MIL-OSI: Sydbank A/S share buyback programme: transactions in week 20

    Source: GlobeNewswire (MIL-OSI)

    Company Announcement No 23/2025

    		 Peberlyk 4
    6200 Aabenraa
    Denmark

    Tel +45 74 37 37 37
    Fax +45 74 37 35 36

    Sydbank A/S
    CVR No DK 12626509, Aabenraa
    sydbank.dk
    19 May 2025  

    Dear Sirs

    Sydbank A/S share buyback programme: transactions in week 20
    On 26 February 2025 Sydbank A/S announced a share buyback programme of DKK 1,350m. The share buyback programme commenced on 3 March 2025 and will be completed by 31 January 2026.

    The purpose of the share buyback programme is to reduce the share capital of Sydbank A/S and the programme is executed in compliance with the provisions of Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 and Commission Delegated Regulation (EU) 2016/1052 of 8 March 2016, collectively referred to as the Safe Harbour rules.

    The following transactions have been made under the share buyback programme:

      Number of shares VWAP Gross value (DKK)
    Accumulated, most recent
    Announcement

    762,000

    		  

    317,038,140.00
    12 May 2025
    13 May 2025
    14 May 2025
    15 May 2025
    16 May 2025    		 15,000
    15,000
    14,000
    13,000
    12,000    		 420.71
    425.19
    426.66
    430.82
    436.83    		 6,310,650.00
    6,377,850.00
    5,973,240.00
    5,600,660.00
    5,241,960.00
    Total over week 20 69,000   29,504,360.00
    Total accumulated during the
    share buyback programme

    831,000

    		  

    346,542,500.00

    All transactions were made under ISIN DK 0010311471 and effected by Danske Bank A/S on behalf of Sydbank A/S.

    Further information about the transactions, cf Article 5 of Regulation (EU) No 596/2014 of the European Parliament and of the Council on market abuse and Commission delegated regulation, is available in the attachment.

    Following the above transactions, Sydbank A/S holds a total of 833,985 own shares, equal to 1.62% of the Bank’s share capital.

    Yours sincerely
            
    Mark Luscombe        Jørn Adam Møller
    CEO        Deputy Group Chief Executive

    Attachment

    The MIL Network –

  • MIL-OSI: Gate Introduces Brand New Domain Gate.com and Brand Logo, Advancing Toward the “Next-Generation Crypto Exchange”

    Source: GlobeNewswire (MIL-OSI)

    PANAMA CITY, May 19, 2025 (GLOBE NEWSWIRE) — Gate, a global leading cryptocurrency trading platform, has officially adopted the new international domain Gate.com and unveiled a redesigned brand logo, marking a significant milestone in the platform’s evolution. This strategic move aims to unify brand identity, strengthen global presence, and enhance user trust, heralding a new chapter in Gate’s development. The upgrade follows Gate’s 12th anniversary celebrations and aligns closely with the platform’s newly articulated vision, unveiled at its global event in Dubai, to become the “next-generation crypto exchange”. It signifies a transformative leap from industry leadership to innovation leadership, and from technical excellence to global strategic expansion.

    Previously, Gate also adopted a new Chinese name “Damen” ( 大门, meaning “The Gate”), symbolizing an open gateway to the future of crypto for users worldwide. The unified refresh of domain and logo reflects the platform’s commitment to inclusivity and signals the beginning of a new chapter in building a trusted, globally connected crypto ecosystem.

    Brand Refresh: From Visual Upgrade to Strategic Evolution

    As a pioneer in the crypto industry, Gate has focused on building a secure, compliant, and innovative digital asset trading ecosystem since its founding in 2013. Today, the platform serves over 23 million users worldwide, supports trading in over 3,800 cryptocurrencies across spot, futures, leverage, and financial products, ranking Top 3 globally by comprehensive strength. It was also among the first exchanges to implement zero-knowledge proof (ZKP) technology to verify reserve transparency, ensuring 100% verifiability of platform assets. According to its latest proof-of-reserves report, Gate’s total reserves exceed $10.865 billion, with a reserve ratio of 128.57%.

    This brand overhaul not only elevates Gate’s visual identity but also marks a critical step in its global outreach strategy. The new domain Gate.com is concise, highly recognizable, and globally intuitive, enhancing user perception of the platform’s professionalism and credibility. The newly designed logo adopts a modern, minimalist aesthetic that encapsulates Gate’s core principles of “trust as the foundation”, “technological innovation”, and “continuous evolution”, representing a comprehensive upgrade in technology, ecosystem, and compliance.

    In addition, Gate Group’s global platform Gate, along with all its locally licensed entities, Gate Japan, Gate Dubai, and Gate Europe, will adopt the unified brand name “Gate”. The brand upgrade presents a cohesive global identity and further strengthens Gate’s professional image and international influence as a leading global exchange.

    Strategic Leap: Building the “Next-Generation Crypto Exchange”

    Beneath the surface of this brand transformation lies a bolder strategic ambition. On April 30, at Gate’s 12th Anniversary Global Celebration in Dubai, Founder and CEO Dr. Han introduced the vision to build the “next-generation crypto exchange”. This strategy emphasizes transformative growth across three core pillars:

    • Technology-Driven Innovation: Continuously upgrading the trading experience through iterative product development and breakthroughs in underlying technologies.
    • Global Compliance: Establishing a robust global compliance network backed by licenses and regulatory approvals in multiple jurisdictions, strengthening industry credibility.
    • Ecosystem Integration: Expanding from trading to encompass Web3, infrastructure, and investment services, building a closed-loop digital economy.

    Gate’s mission is to continuously enhance its offerings with a professional, secure, and open approach, aiming to become a foundational infrastructure for the global digital economy and to provide future-ready, trustworthy digital asset services to users worldwide.

    Global Compliance Footprint: Expanding with Purpose

    Gate Group places strong emphasis on a “compliance-first” strategy, steadily advancing its global regulatory presence. In recent years, its various entities have obtained or completed regulatory registrations, licences, authorizations, or approvals across various jurisdictions, such as Lithuania, Argentina, Malta, Italy, Bahamas, Gibraltar, and Hong Kong.

    In 2024, Gate Group’s entity completed the acquisition of Japan-licensed exchange Coin Master, further consolidating its compliance footprint in the Asia-Pacific region. Most recently, Gate Technology FZE (“Gate Dubai”), an entity of Gate Group, recently received a full operational license from Virtual Asset Regulatory Authority (VARA) in Dubai. The license authorizes Gate Dubai to offer crypto asset trading services to institutional investors, qualified investors, and retail users, marking a major milestone in its expansion into the MENA region and global markets. It is a testament to its long-standing commitment to security, transparency, and user protection.

    With parallel advancements in technology innovation, user experience, ecosystem expansion, and global compliance, Gate is evolving from a top-tier trading platform into a trusted global digital finance ecosystem. The launch of the Gate.com domain and refreshed logo represents more than a brand update—it is a declaration of Gate’s long-term commitment and vision for the global user community. Looking ahead, Gate remains firmly committed to its development principles of user-first, technological innovation, and global compliance, and will continue to work alongside users, developers, and partners worldwide to shape a safe, open, and sustainable crypto future.

    Media Contact:
    Elaine Wang at elaine.w@gate.io

    Disclaimer:
    The content herein does not constitute any offer, solicitation, or recommendation. You should always seek independent professional advice before making any investment decisions. Please be noted that Gate may restrict or prohibit the use of all or a portion of the Services from Restricted Locations. For more information, please read the User Agreement via https://www.gate.io/legal/user-agreement.

    Disclaimer : This is a paid post and is provided by Gate. 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/3cbdb202-bb7b-4591-9a4b-38ccd1e83c12

    The MIL Network –

  • MIL-OSI: Aurora Mobile Expects to Outperform Previous Revenue Guidance for First Quarter 2025

    Source: GlobeNewswire (MIL-OSI)

    SHENZHEN, China, May 19, 2025 (GLOBE NEWSWIRE) — Aurora Mobile Limited (NASDAQ: JG) (“Aurora Mobile” or the “Company”), a leading provider of customer engagement and marketing technology services in China, today announced that its total revenues for the first quarter of 2025 is estimated to be in the range of approximately RMB87.0 million to RMB90.0 million, representing a year-over-year growth of approximately 35% to 40%. Previous revenue guidance was in the range of RMB74.0 million to RMB77.5 million.

    Mr. Weidong Luo, Chairman and Chief Executive Officer of Aurora Mobile, commented, “We are pleased to report a strong start to 2025 with impressive momentum in the first quarter. EngageLab, the driving force behind our overseas operations, has maintained rapid growth, with revenue in the first quarter of 2025 estimated to surge by over 120% year-over-year. This growth has not only fueled the expansion of our overseas operations but also laid a solid foundation for our group’s ongoing development. In the first quarter, our client, a tech company that specializes in large language model (LLM) development, officially released its open-source R1 LLM. This release triggered an explosive surge in global downloads, driving significant revenue growth for us. Meanwhile, our Financial Risk Management business is estimated to have experienced substantial revenue growth driven by rising customer demand. Our AI agent platform, GPTBots.ai, continues to empower businesses with its no-code AI bot-building technology, helping businesses accelerate intelligent digital transformation. The synergy between EngageLab and GPTBots.ai underscores the effectiveness of our dual-engine strategy of ‘Global Market + AI Empowerment.’ This strategy has unlocked new growth opportunities, paving the way for us to expand our global market share and accelerate the commercialization of our technology.”

    First Quarter 2025 Preliminary Financial Results:

    • Total revenues for the first quarter 2025 are estimated to be between RMB87.0 million and RMB90.0 million, representing year-over-year increase of approximately 35% to 40% compared with RMB64.5 million in the first quarter of 2024.
    • Net Loss for the first quarter 2025 is estimated to be between RMB1.0 million and RMB2.0 million, compared with RMB2.6 million in the first quarter of 2024.
    • Cash and cash equivalents and restricted cash as of March 31, 2025 are estimated to be between RMB113.0 million and RMB114.0 million as compared with RMB119.5 million as of December 31, 2024.

    The above sets forth estimates of the unaudited selected consolidated financial data of Aurora Mobile as of and for the three months ended March 31, 2025 based on available information to date. This financial data is not a comprehensive statement of Aurora Mobile’s financial results as of and for the three months ended March 31, 2025. This financial data is preliminary in nature and subject to changes and completion of Aurora Mobile’s financial closing procedures. Aurora Mobile’s independent registered public accounting firm has not audited, reviewed, compiled or performed any procedures, and does not express an opinion or any other form of assurance with respect to any of such data. Aurora Mobile’s actual results may differ materially from these estimates.

    Safe Harbor Statement

    This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates,” “confident” and similar statements. Among other things, the Business Outlook and quotations from management in this announcement, as well as Aurora Mobile’s strategic and operational plans, contain forward-looking statements. Aurora Mobile may also make written or oral forward-looking statements in its reports to the U.S. Securities and Exchange Commission, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including but not limited to statements about Aurora Mobile’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: Aurora Mobile’s strategies; Aurora Mobile’s future business development, financial condition and results of operations; Aurora Mobile’s ability to attract and retain customers; its ability to develop and effectively market data solutions, and penetrate the existing market for developer services; its ability to transition to the new advertising-driven SAAS business model; its ability to maintain or enhance its brand; the competition with current or future competitors; its ability to continue to gain access to mobile data in the future; the laws and regulations relating to data privacy and protection; general economic and business conditions globally and in China and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in the Company’s filings with the Securities and Exchange Commission. All information provided in this press release and in the attachments is as of the date of the press release, and Aurora Mobile undertakes no duty to update such information, except as required under applicable law.

    About Aurora Mobile Limited

    Founded in 2011, Aurora Mobile (NASDAQ: JG) is a leading provider of customer engagement and marketing technology services in China. Since its inception, Aurora Mobile has focused on providing stable and efficient messaging services to enterprises and has grown to be a leading mobile messaging service provider with its first-mover advantage. With the increasing demand for customer reach and marketing growth, Aurora Mobile has developed forward-looking solutions such as Cloud Messaging and Cloud Marketing to help enterprises achieve omnichannel customer reach and interaction, as well as artificial intelligence and big data-driven marketing technology solutions to help enterprises’ digital transformation.

    For more information, please visit https://ir.jiguang.cn/.

    For more information, please contact:

    Aurora Mobile Limited
    E-mail: ir@jiguang.cn

    Christensen

    In China
    Ms. Xiaoyan Su
    Phone: +86-10-5900-1548
    E-mail: Xiaoyan.Su@christensencomms.com

    In US
    Ms. Linda Bergkamp
    Phone: +1-480-614-3004
    Email: linda.bergkamp@christensencomms.com

    The MIL Network –