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Category: GlobeNewswire

  • MIL-OSI: Flourish Announces Major Expansion of Digital Fee-Based Annuities Platform for RIAs

    Source: GlobeNewswire (MIL-OSI)

    New York, May 01, 2025 (GLOBE NEWSWIRE) — Flourish, a WealthTech platform that helps registered investment advisors (RIAs) grow by evolving from holistic advice to holistic implementation, today announced a significant expansion of Flourish Annuities, its digital end-to-end RIA-centric annuities platform for advisors. The enhanced offering adds to the types of annuities available and broadens its carrier network, further empowering independent advisors to more effectively incorporate protection solutions into client portfolios.

    Building on the success of its Multi-Year Guaranteed Annuities (MYGAs) offering, Flourish Annuities is now expanding its marketplace of fee-based annuity products to include Registered Index-Linked Annuities (RILAs), Fixed Indexed Annuities (FIAs), and Variable Annuities (VAs). For clients seeking lifetime income options, guaranteed lifetime withdrawal benefits (GLWBs) can be added to eligible annuity contracts for a fee, giving clients the option to receive a “paycheck for life.” 

    The platform now boasts offerings from five highly-rated insurance carriers including new partnerships with Equitable and Jackson National Life Insurance Company® (Jackson®). They join existing carrier partners Aspida, Corebridge Financial, and MassMutual Ascend. 

    The Flourish platform continues to remove the barriers to annuities adoption by RIAs by allowing advisors to leverage an insurance-licensed outsourced insurance desk (OID), offering a digital application experience, and curating a marketplace of fee-based annuities designed for RIAs. 

    “As we transition to Wealth 3.0, advisors are increasingly expected to go beyond traditional portfolio management and bring their clients solutions that address all aspects of their financial lives,” said Max Lane, CEO of Flourish. “Fee-based annuities serve as an important tool to replace older commissioned annuities that are no longer fit for purpose. They can also add highly valued safety to financial portfolios through lifetime income, guaranteed protection and returns, or tax deferral. Advisors who are looking to grow their firms and produce better results for clients can now access a wide range of annuities via the same beautiful experience they’ve come to expect from Flourish solutions.”

    “Recent market volatility underscores the need for protection and income strategies to help financial professionals and their clients plan for the future with confidence, especially with a record 11,000 Americans turning 65 every day. Equitable is a leader in the annuity market and has a history of innovation in designing solutions that offer tax-advantaged growth, downside protection and guaranteed income in retirement,” said Pete Golden, Chief Sales & Distribution Officer for Individual Retirement at Equitable. “We look forward to collaborating with more registered investment advisors through our new relationship with Flourish.”

    “Adding Jackson annuities to the Flourish platform increases our access to the growing RIA channel and represents another option for financial professionals to integrate annuities into their clients’ portfolios,” said Tim Munsie, head of RIA, platform distribution and planning at Jackson National Life Distributors LLC, the marketing and distribution business of Jackson. “We must continue to increase financial professional access to fee-based annuity options, and the Flourish platform makes this possible by eliminating insurance licensing requirements, which helps simplify the process for financial professionals and their clients.”

    The platform expansion also allows advisors to help clients transition from annuities that no longer meet their needs to fee-based alternatives that better align with clients’ financial goals.

    Flourish Annuities was built for independent RIAs who have not traditionally adopted annuities into their practice largely due to licensing requirements, operational complexities, and outdated technology. Flourish Annuities addresses and eliminates these barriers with its digital-first platform, Outsourced Insurance Desk (OID), and curated marketplace of fee-based annuities from vetted carriers. Flourish Annuities is integrated with key advisor platforms including eMoney, Orion, Black Diamond, and Redtail, making it easy for advisors to incorporate annuities into their existing workflows and bill on them just like any other asset in the portfolio.

    Over 990 RIAs managing $2.6 trillion in combined assets trust Flourish to help them fully execute financial plans and bring more assets into their orbit. As a platform that helps RIAs grow by evolving from holistic advice to holistic implementation, Flourish also allows advisors to feature their firm’s branding as well as providing client-friendly marketing materials, premium support, and more.

    ABOUT FLOURISH
    Flourish builds technology that empowers financial advisors, improves financial lives and retirement outcomes, and delivers new and innovative investment options to advisors. Today, the Flourish platform supports more than $7 billion in assets under custody and is used by more than 990 wealth management firms representing $2.6 trillion in assets under management. Flourish is wholly-owned by Massachusetts Mutual Life Insurance Company (MassMutual). For more information, visit www.flourish.com. 

    Forward Looking Statements
    This press release may contain forward looking statements that are subject to certain risks and uncertainties. Actual results, performance, or achievements may differ materially from those expressed or implied.

    This feedback may not be representative of the experience of other customers, and is not a guarantee of future performance or success. 

    Flourish is an online platform through which investors can access financial services and products. Flourish’s offerings are provided by different entities and are subject to different terms, investor protections, and risks. Flourish Cash is offered by Flourish Financial LLC, a registered broker-dealer and FINRA member. Flourish Financial LLC is not a bank. Check the background of Flourish Financial LLC and its personnel on FINRA’s BrokerCheck. Flourish Annuities refers generally to the annuity platform operated by Flourish Technologies LLC and to Flourish Insurance Agency LLC, and, where applicable, Flourish Financial LLC. Flourish Insurance Agency operates in its capacity as a licensed insurance producer with offices in Jersey City, New Jersey, and does business in California under the name Flourish Digital Insurance Agency, providing insurance services related to such platform. Variable annuities, defined in this context to include Registered Index-Linked Annuities (“RILAs”), are offered through Flourish Financial LLC. Annuities shown on the platform are sold through Flourish Annuities, and are issued by one or more licensed insurance companies. The Flourish entities mentioned above are affiliates. Flourish Cash and Flourish Annuities accounts are separate accounts and only assets in Flourish Cash accounts may be eligible for protection by the FDIC or SIPC. Please review the Legal section of our website, and the disclosures provided with each Flourish service or product for further information. If you were introduced or invited to Flourish by an investment advisor or other third party, please be aware that, unless otherwise disclosed to you, they are not affiliated with any Flourish entity. The role of the investment advisor or other firm that invited you to Flourish may vary between different Flourish services and products, as further described in your terms of service. © 2025 Flourish. All rights reserved.

    A Flourish Cash account is a brokerage account offered by Flourish Financial LLC, a registered broker-dealer and FINRA member. Flourish Financial LLC is not a bank. Check the background of Flourish Financial LLC and its personnel on FINRA’s BrokerCheck. The cash balance in a Flourish Cash account will be swept from the brokerage account to deposit account(s) at one or more third-party Program Banks that have agreed to accept deposits from customers of Flourish Financial LLC. The accounts at Program Banks will pay a variable rate of interest. The cash balance in a Flourish Cash account that is swept to one or more Program Banks is eligible for FDIC insurance, subject to FDIC rules, including FDIC aggregate insurance coverage limits. FDIC insurance will not be provided until the funds arrive at the Program Bank. Flourish Cash’s current Program Banks can be found here. For additional information regarding FDIC coverage, visit https://fdic.gov/ and https://www.flourish.com/advisors.

    Flourish Annuities refers generally to the annuity platform operated by Flourish Technologies LLC and to Flourish Insurance Agency LLC, and, where applicable, Flourish Financial LLC. All Flourish entities are affiliates of each other. Flourish Insurance Agency operates in its capacity as a licensed insurance producer with offices in Jersey City, New Jersey, and does business in California under the name Flourish Digital Insurance Agency, providing insurance services related to such platform and the individual annuity contracts intended to be purchased by individual clients of registered investment advisors (“RIAs”). Variable annuities, defined in this context to include Registered Index-Linked Annuities (“RILAs”), are offered through Flourish Financial LLC, a registered broker-dealer and FINRA member. Flourish Financial LLC is not a bank.

    An annuity is an insurance contract. Variable annuities are considered securities. Securities are subject to investment risks, including possible loss of the principal invested. Annuities available on the platform are sold through Flourish Annuities and are issued by one or more licensed insurance companies. The issuing insurance company, not any Flourish company, is solely responsible for its own financial and contractual obligations. All benefits and guarantees of the annuity contract are subject to the claims paying ability of the issuing insurance company. This is not a proposal or a solicitation to purchase insurance and is for RIA use only. Flourish Annuities is not available to New York residents.

    The MIL Network –

  • MIL-OSI: Applied Epic Ranks Highest in G2’s Insurance Agency Management Systems Category for 20 Straight Quarters

    Source: GlobeNewswire (MIL-OSI)

    Chicago, IL., May 01, 2025 (GLOBE NEWSWIRE) — Applied Systems® today announced that Applied Epic has been recognized with highest overall score in Insurance Agency Management Systems, outranking competitors in all 12 feature sets including task management, policy management, payment processing, sales tools and more. The rankings are made up of more than 1,000 customer reviews with nearly 70% of those reviews scoring Applied Epic 5 stars.

    Applied Epic is the world’s most widely-used agency management system that provides customers with automated capabilities for each stakeholder within the business to better manage operations, and relationships with insurer partners and insureds, while also delivering the choice for integrating both Applied and non-Applied technology for easy and secure flow of data in and out of the application. Notably, seven of the top 10 largest brokers ranked by Business Insurance in 2024 have chosen Applied Epic to automate their operations and create more intelligence and productivity.

    “We are proud to see Applied Epic recognized as the top insurance agency management system by our clients on G2,” said Anupam Gupta, chief product officer, Applied Systems. “Applied Epic is differentiated by its vertical, insurance-specific focus and built by world-class engineers who closely partnered with our agency customers to uniquely understand the workflows of the independent agency, creating unmatched value for our customers as evident in its review scores.”

    # # #

    The Applied products and logos are trademarks of Applied Systems, Inc., registered in the U.S.

    About Applied Systems
    Applied Systems is the leading global provider of cloud-based software that powers the business of insurance. Recognized as a pioneer in insurance automation and the innovation leader, Applied is the world’s largest provider of agency and brokerage management systems, serving customers throughout the United States, Canada, the Republic of Ireland, and the United Kingdom. By automating the insurance lifecycle, Applied’s people and products enable millions of people around the world to safeguard and protect what matters most.

    The MIL Network –

  • MIL-OSI: TravMark’s 2024 Claims Report Reveals Setbacks Families Face When Kids Go Away to Summer Camps & Travel Programs

    Source: GlobeNewswire (MIL-OSI)

    HO-HO-KUS, N.J., May 01, 2025 (GLOBE NEWSWIRE) — TravMark, a specialty insurance broker that has protected more than one million travelers, including youth program and summer camp participants, today released a first-of-its-kind analysis on the reasons families make insurance claims on behalf of their children attending summer camps and programs. The examination of claims made by the parents of 10,000 TravMark-insured campers and travelers in 2024 showed that the need to use an insurance policy is most often based on events that can happen to anyone before or during these wonderful experiences.

    TravMark’s 2024 Summer Camp & Program Insurance Utilization Report found that 41% of claims were related to sickness and 17.5% due to accidental injury, while 36.8% of claims involved families using a “cancel for any reason (CFAR)” option prior to traveling. Overall, just over half (50.5%) of claims were made to cancel prior to departure.

    “Our 2024 Summer Camp & Program Insurance Utilization Report highlights the fact that insured families file claims for a diverse array of reasons and it’s generally not about ‘that will never happen’ events,” said Mark Ceslowitz, president and chief executive officer of TravMark. “Camp and youth travel programs are memorable experiences that shape children’s lives in so many meaningful ways – ones that families typically spend thousands of dollars on each year. TravMark uses decades of data and real-world case studies to protect that investment, shaping policies that truly protect young campers and travelers.”

    There are two parts to most travel insurance policies, including those offered for summer camps and youth travel programs: cancellation insurance, which covers the period before departing home for covered reasons (medical, etc.) and often includes the CFAR option that generally protects the insured person until two days prior to leaving; and interruption insurance, which then takes over if the stay is interrupted or impacted for covered reasons.

    TravMark 2024 Summer Program Claims by Type:

    • Trip Cancellation: 50.5%
    • Trip Interruption: 21.3%
    • Travel Delay: 13.7%
    • Travel Medical: 11.9%
    • Baggage: 2.6%

    TravMark 2024 Details of Cancellation Claims by Type:

    • Sickness: 41%
    • Cancel for Any Reason: 36.8%
    • Accidental Injury: 17.5%
    • Death of a family member 3.8%
    • Other: 0.9%

    Protecting Physical & Mental Health

    TravMark is one of the few companies to remove psychological exclusions from many of its policies, providing coverage that recognizes the significance of mental health to effectively support the needs of today’s youth.

    “Going to summer camp or traveling on your own – for the first time or any time – can be an overwhelming experience for many children and their families, and insurance protection offers valuable peace of mind,” said Shannon Lofdahl, TravMark managing director. “From ensuring you are financially covered for medical issues that might arise to reducing the unease that your plans might change before summer arrives, camp and youth program insurance helps assure that you are making the most of summer.”

    TravMark works with camp registration platforms, standalone camps and individual families to provide insurance that meets the unique needs of both campers and camps. With more than 20,000 year-round and summer camps annually serving 26 million campers, according to the American Camping Association, it’s a thriving industry where too few insurance providers have the experience and insight to effectively protect campers and camp operators.

    To learn more about TravMark’s camp insurance options, visit TravMark.com.

    About TravMark
    Established in 2000, TravMark provides all forms of business and individual insurance programs, assisting travel providers and program operators with their insurance needs. Based in Ho-Ho-Kus, New Jersey, TravMark insures travelers and program participants through its custom developed plans, focusing on the unique demands of the market and the changing demands of travelers in today’s travel environment. TravMark is a proud member of the U.S. Travel Insurance Association (USTIA), U.S. Tour Operator Association (USTOA), Student Youth Travel Association (SYTA) and American Camp Association (ACA).

    Contact:
    Lisa Trapani for TravMark
    ltrapani@rosecomm.com
    Cell: 410-245-0094

    An infographic accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/dc887f1a-4a27-4d46-826f-55db45fef54c

    The MIL Network –

  • MIL-OSI: Innovator Extending the Industry’s Largest Suite of Buffer ETFs™ with New 100% Downside Protection ETF® Launch (ZMAY)*

    Source: GlobeNewswire (MIL-OSI)

    WHEATON, Ill., May 01, 2025 (GLOBE NEWSWIRE) — Innovator Capital Management, LLC (Innovator), pioneer and provider of the largest lineup of Defined Outcome ETFs™, today announced the launch of its newest 100% Buffer ETF™ ticker: ZMAY. This launch is particularly timely, as it comes to market when investors are facing elevated uncertainty around tariffs, market volatility, and declining investor sentiment.

    * The 100% buffer is stated prior to taking into account the reduction of fees and expenses.

    The suite of 100% Buffer ETFs™ is designed for investors who want to prepare their portfolios for a wide range of outcomes, including those who may be sitting in unprotected equity strategies.

    100% Buffer ETF™ Listing May 1st:

    Ticker Name Reference
    Asset    		 Buffer Upside Cap Outcome Period
    ZMAY Equity Defined Protection ETF® – 1 Yr May S&P 500 ETF 100% 7.21% 1 Year
               

    For more information on Innovator’s leading suite of 100% Buffer ETFs™, visit: innovatoretfs.com/protect.

    About Innovator Capital Management, LLC

    Innovator was established in 2017 by Bruce Bond and John Southard, founders of the PowerShares ETF lineup that has grown to be the fourth largest in the world. The listing of three Innovator Buffer ETFs™ in August 2018 marked the launch of the world’s first Defined Outcome ETFs™.

    Innovator is dedicated to providing ETFs with built-in risk management that offer investors a high level of predictability around their investment outcomes. Today, with more than 140 ETFs and $24 billion in AUM, as of April 30, 2025, Innovator is the industry’s leading provider of Defined Outcome ETFs™.

    Media Contact:
    Frank Taylor
    innovator@dlpr.com
    (646) 808-3647

    The Fund has characteristics unlike many other traditional investment products and may not be suitable for all investors. For more information regarding whether an investment in the Fund is right for you, please see “Investor Suitability” in the prospectus.

    The Funds face numerous market trading risks, including active markets risk, authorized participation concentration risk, buffered loss risk, cap change risk, capped upside return risk, correlation risk, liquidity risk, management risk, market maker risk, market risk, non-diversification risk, operation risk, options risk, trading issues risk, upside participation risk and valuation risk. For a detailed list of Fund risks see the prospectus.

    Fund shareholders are subject to an upside return cap (the “Cap”) that represents the maximum percentage return an investor can achieve from an investment in the Funds for the Outcome Period, before fees and expenses. If the Outcome Period has begun and the Fund has increased in value to a level near to the Cap, an investor purchasing at that price has little or no ability to achieve gains but remains vulnerable to downside risks. Additionally, the Cap may rise or fall from one Outcome Period to the next. The Cap, and the Fund’s position relative to it, should be considered before investing in the Fund. The Fund’s website, www.innovatoretfs.com, provides important Fund information as well information relating to the potential outcomes of an investment in a Fund on a daily basis.

    The Fund only seeks to provide shareholders that hold shares for the entire Outcome Period with their respective buffer level against reference asset losses during the Outcome Period. You will bear all reference asset losses exceeding the buffer. Depending upon market conditions at the time of purchase, a shareholder that purchases shares after the Outcome Period has begun may also lose their entire investment. For instance, if the Outcome Period has begun and the Fund has decreased in value beyond the pre-determined buffer, an investor purchasing shares at that price may not benefit from the buffer. Similarly, if the Outcome Period has begun and the Fund has increased in value, an investor purchasing shares at that price may not benefit from the buffer until the Fund’s value has decreased to its value at the commencement of the Outcome Period.

    FLEX Options Risk. The Fund will utilize FLEX Options issued and guaranteed for settlement by the Options Clearing Corporation (OCC). In the unlikely event that the OCC becomes insolvent or is otherwise unable to meet its settlement obligations, the Fund could suffer significant losses. Additionally, FLEX Options may be less liquid than standard options. In a less liquid market for the FLEX Options, the Fund may have difficulty closing out certain FLEX Options positions at desired times and prices. The values of FLEX Options do not increase or decrease at the same rate as the reference asset and may vary due to factors other than the price of reference asset.

    These Funds are designed to provide point-to-point exposure to the price return of the Reference Asset via a basket of Flex Options. As a result, the Funds are not expected to move directly in line with the Reference Asset during the interim period. Investors purchasing shares after an Outcome Period has begun may experience very different results than the respective Fund’s investment objective. Initial Outcome Periods are approximately 6-months, 1-year, or 2-years beginning on the Funds’ inception dates. Following the initial Outcome period, each subsequent outcome period will begin on the first day of the month the Fund was incepted. After the conclusion of an Outcome Period, another will begin.

    The Funds’ investment objectives, risks, charges and expenses should be carefully considered before investing. The prospectus and summary prospectus contain this and other important information, and it may be obtained at innovatoretfs.com. Read it carefully before investing.

    Investing involves risk. Loss of principal is possible. Innovator ETFs® are distributed by Foreside Fund Services, LLC.

    The following marks: Accelerated ETFs®, Accelerated Plus ETF®, Accelerated Return ETFs®, Barrier ETF®, Buffer ETF™, Defined Income ETF™, Defined Outcome Bond ETF®, Defined Outcome ETFs™, Defined Protection ETF®, Define Your Future®, Enhanced ETF™, Floor ETF®, Innovator ETFs®, Leading the Defined Outcome ETF Revolution™, Managed Buffer ETFs®, Managed Outcome ETFs®, Step-Up™, Step-Up ETFs®, 100% Buffer ETFs™ and all related names, logos, product and service names, designs, and slogans are the trademarks of Innovator Capital Management, LLC, its affiliates or licensors. Use of these terms is strictly prohibited without proper written authorization.

    Copyright © 2025 Innovator Capital Management, LLC. All rights reserved.

    The MIL Network –

  • MIL-OSI: Movellus Debuts Industry-First On-Die Power Delivery Network Analyzer

    Source: GlobeNewswire (MIL-OSI)

    SANTA CLARA, Calif., May 01, 2025 (GLOBE NEWSWIRE) — Movellus today announced the industry’s first on-chip sensor for power delivery network (PDN) characterization and monitoring. Power integrity is vital to the performance and efficiency of any system-on-chip (SoC). However, the industry has very limited visibility into the behavior of on-chip PDNs, which can result in voltage over-margining (compromising both power and performance), missed performance targets, and higher DPPM rates. And as the industry evolves to larger SoCs, stacked die, and chiplets, the problem is further magnified, making PDN visibility even more critical to overall system performance and energy efficiency. PDN IQ enables improvements in power, performance, and uptime for advanced semiconductors by providing PDN visibility across the entire silicon lifecycle from bench characterization and production test to in-field monitoring.

    “Robust PDN operation is required to ensure the functionality and performance of high end SoCs. Today, the industry relies on a variety of black-box techniques to evaluate these critical networks, but these approaches are becoming less effective in the face of ever larger devices, advanced packaging, and severe power swings in workloads,” said Ranganathan “Suds” Sudhakar, Chief Development Officer at d-Matrix. “Having direct visibility of PDN efficacy, anywhere on chip, is a compelling mechanism to optimize the power-performance characteristics of large SoCs and will be a game changer for the industry.”

    “The insatiable demand for greater bandwidth in AI accelerators continues to expand the quantity of processor and memory chiplets integrated within a single device. As disparate semiconductors are knitted together with advanced packaging technologies, such as Deca’s M-Series fan-out, optimized power delivery is an inherent challenge,” commented Tim Olson, CEO of Deca Technologies, “The introduction of this exciting new in-situ power delivery network telemetry from Movellus gives customers a breakthrough capability to optimize voltage-frequency points to maximize performance while improving system quality & reliability.”

    Aeonic Insight PDN IQ delivers high-speed, transistor-level voltage telemetry combined with sophisticated trigger and trace capabilities, and advanced statistics that deliver value throughout the entire silicon lifecycle. Some of the use cases include:

    • Refining voltage-frequency curves during characterization
    • Observing on-die PDN behavior under high stress workloads on the bench & in field
    • Improve screening accuracy to reduce DPPM rates in production
    • Improving fleet uptime by continuously monitoring PDN behavior and flagging anomalies

    “SoCs are growing exponentially in complexity, especially for the datacenter and AI segments. Design teams need to turn over every rock in their designs to optimize for power and performance, and this includes the power delivery network,” said Rich Wawrzyniak, Principal Analyst at SHD Group. “Movellus is arming its customers with the visibility and telemetry required to optimize SoC power with their new on-die PDN analyzer IP.”

    Aeonic Insight™ PDN IQ can also integrate with third-party analytics platforms, offering even greater flexibility. Silicon teams can feed telemetry data from the trace buffer and other registers available in the IP into an analytics stack to gain deeper insights into PDN behavior, further enhancing design and deployment strategies.

    Movellus continues to advance high-performance silicon through feature-rich IP. The Aeonic™ Digital IP platform has been integrated by multiple customers across various process nodes, with applications ranging from performance-centric cloud datacenter compute and AI offerings to ultra-low power edge AI devices. This latest milestone enables advanced on-die observability for power delivery networks, ensuring maximum power efficiency for cutting-edge SoCs, AI accelerators, and processors. Learn more about this latest milestone at movellus.com/aeonic-insight-pdn-iq.

    About Movellus

    Movellus provides critical technology that is integrated into an array of applications ranging from edge AI devices to performance-centric cloud datacenter compute and networking offerings. The company is headquartered in Santa Clara, CA, with R&D centers in Michigan and Toronto. Visit us at: www.movellus.com

    Movellus, the Movellus logo, Aeonic, Aeonic Generate, Aeonic Power, Elevating Silicon, Aeonic Insight, and Intelligent Clock Networks are among the trademarks of Movellus. The term “Movellus” refers to Movellus Circuits Inc and/or its subsidiaries. Other trademarks are the property of their respective owners.

    Press Contact: Aakash Jani | aakash@movellus.com

    The MIL Network –

  • MIL-OSI: Varonis Recognized for Innovation in Data Security by Global InfoSec Awards at RSAC 2025

    Source: GlobeNewswire (MIL-OSI)

    MIAMI and SAN FRANCISCO, May 01, 2025 (GLOBE NEWSWIRE) — RSA CONFERENCE 2025 – Varonis Systems, Inc. (Nasdaq: VRNS), the leader in data security, today proudly announced it received four Global Infosec Awards during the RSA Conference 2025.

    Varonis won the Innovative Service award for its Managed Data Detection and Response. The Varonis Data Security Platform received the Editor’s Choice for Cloud Security, the Market Innovator award for Data-Centric Security, and the Market Innovator award for Data Security Posture Management.

    The panel of judges recognized Varonis for finding, fixing, and alerting to threats to data across IaaS, SaaS, and hybrid environments with game-changing automation. The Varonis Data Security Platform stood apart for helping organizations protect data and reduce risk in the AI age.

    “Other solutions surface problems that IT and security teams are left to fix,” said Varonis Field CTO Brian Vecci. “Varonis goes beyond finding issues — we solve them with automation. We’re helping customers avoid breaches and fines, all while easing the workloads of stretched-thin security teams. We’re thrilled to be recognized with four 2025 Global InfoSec Awards for our world-class architecture, innovation with automation and AI, and end-to-end coverage.”

    “Varonis embodies three major features we judges look for to become winners: understanding tomorrow’s threats, today, providing a valuable solution, and innovating in unexpected ways that can help mitigate cyber risk and get one step ahead of the next breach,” said Gary S. Miliefsky, Publisher of Cyber Defense Magazine.

    Additional Resources

    About Varonis
    Varonis (Nasdaq: VRNS) is the leader in data security, fighting a different battle than conventional cybersecurity companies. Our cloud-native Data Security Platform continuously discovers and classifies critical data, removes exposures, and detects advanced threats with AI-powered automation.

    Thousands of organizations worldwide trust Varonis to defend their data wherever it lives — across SaaS, IaaS, and hybrid cloud environments. Customers use Varonis to automate a wide range of security outcomes, including data security posture management (DSPM), data classification, data access governance (DAG), data detection and response (DDR), data loss prevention (DLP), AI security, and insider risk management.

    Varonis protects data first, not last. Learn more at www.varonis.com.

    Investor Relations Contact:
    Tim Perz
    Varonis Systems, Inc.
    646-640-2112
    investors@varonis.com

    News Media Contact:
    Rachel Hunt
    Varonis Systems, Inc.
    877-292-8767 (ext. 1598)
    pr@varonis.com

    About the Global InfoSec Awards
    This is Cyber Defense Magazine’s thirteenth year of honoring InfoSec innovators from around the Globe. Our submission requirements are for any startup, early stage, later stage, or public companies in the INFORMATION SECURITY (INFOSEC) space who believe they have a unique and compelling value proposition for their product or service. Learn more at www.cyberdefenseawards.com

    About the Judging
    The judges are CISSP, FMDHS, CEH, certified security professionals who voted based on their independent review of the company submitted materials on the website of each submission including but not limited to data sheets, white papers, product literature and other market variables. CDM has a flexible philosophy to find more innovative players with new and unique technologies, than the one with the most customers or money in the bank. CDM is always asking “What’s Next?” so we are looking for best of breed, next generation InfoSec solutions.

    About Cyber Defense Magazine
    Cyber Defense Magazine is the premier source of cyber security news and information for InfoSec professions in business and government. We are managed and published by and for ethical, honest, passionate information security professionals. Our mission is to share cutting-edge knowledge, real-world stories and awards on the best ideas, products, and services in the information technology industry. We deliver electronic magazines every month online for free, and special editions exclusively for the RSA Conferences. CDM is a proud member of the Cyber Defense Media Group. Learn more about us at https://www.cyberdefensemagazine.com and visit https://www.cyberdefensetv.com and https://www.cyberdefenseradio.com to see and hear some of the most informative interviews of many of these winning company executives. Join a webinar at https://www.cyberdefensewebinars.com and realize that infosec knowledge is power.

    CDM Media Inquiries:
    Irene Noser, Marketing Executive
    marketing@cyberdefensemagazine.com
    1-833-844-9468
    International: 1-646-586-9545
    www.cyberdefensemagazine.com

    The MIL Network –

  • MIL-OSI: RWA Inc. Celebrates RWAI Launch with $50,000 $RWAI Giveaway for Gold+ Users

    Source: GlobeNewswire (MIL-OSI)

    ROAD TOWN, British Virgin Islands, May 01, 2025 (GLOBE NEWSWIRE) — RWAI is your AI agent for crypto research, reporting and token launches. It helps you find high-potential projects, guides developers in making their tokens launch-ready, and supports institutions in tokenizing and listing real-world assets.

    $RWAI is launching on Virtuals on May 5, with TGE going live May 6 at 11:00 AM UTC.

    • Listing on Virtuals: May 5
    • TGE (Token Generation Event): May 6 at 11:00 AM UTC
    • Launch page: https://app.virtuals.io/geneses/344

    RWAI is proudly backed by RWA Inc. To celebrate this milestone and show appreciation to our most engaged community members, we’re launching an exclusive $50,000 $RWAI giveaway, to be distributed among users who reach Gold+ tier on the RWA platform.

    How to Join the Giveaway

    Participation is simple:

    1. Stake $RWA on the official RWA Investor Platform.
    2. Reach Gold+ tier, unlocking access to premium features and rewards.

    Stake $RWA, reach Gold+ tier and join the giveaway: https://launch.rwa.inc

    About RWA Inc

    RWA Inc specializes in connecting funders to premium RWA and DePIN startups. Through our platform, funders can access carefully vetted projects to which we have provided advisory, acceleration and go-to market support. We facilitate different fundraising opportunities for clients. Our formats create investment opportunities for anyone interested in participating in RWA and DePIN startups, staying true to our mission of creating global accessibility to RWA investments.

    Contact:
    RWAI PR
    Marketing@RWAI.inc

    Disclaimer: This is a paid post and is provided by RWA Inc. 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.

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    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/840ac531-9e22-4685-b282-909666b50278

    The MIL Network –

  • MIL-OSI: Fresche Solutions Optimizes IBM i Modernization with AI-Powered Insights

    Source: GlobeNewswire (MIL-OSI)

    SAN FRANCISCO, May 01, 2025 (GLOBE NEWSWIRE) — Fresche Solutions, a global leader in AI-powered IT modernization, announces the enhanced release of its Application Intelligence toolset. AI advancements to X-Analysis empower organizations to overcome challenges like talent shortages and complex legacy applications while achieving faster, more impactful results.

    “AI-powered X-Analysis is more than a tool – it’s a partner in your modernization journey,” said Joe Zarrehparvar, President & CEO at Fresche Solutions. “It simplifies business application analysis, helping customers determine and optimize the modernization of code and data. By delivering actionable insights, businesses can reduce time-to-results, increase confidence in modernizing complex applications, and drive growth. Companies using this solution have already significantly improved their UIs and operational efficiency. I’m confident this powerful tool will help you modernize your business applications with ease and certainty.”

    Key Benefits for Your Business:

    • Faster Results: Accelerate modernization with actionable insights and efficient workflows.
    • Ease of Use: Designed for teams of all expertise levels – from junior staff to seasoned professionals.
    • Smarter Modernization: Streamline updates to code, databases, and user interfaces using phased, low-risk approaches.
    • Cost Efficiency: Reduce IT costs and maintenance while improving adoption and user satisfaction.

    “Our mission is to make modernization easier, smarter, and more accessible,” said John Clark, Chief Technology Officer at Fresche Solutions. “X-Analysis combines AI-powered insights, intuitive visual tools, and user-friendly features like the Explain function to bridge skill gaps. This release empowers IT teams to efficiently tackle complex projects, mitigate risks, and unlock new business potential.”

    To learn how AI-powered X-Analysis can help your business modernize smarter and faster, join Fresche Solutions for a live webinar, “Smarter IBM i Modernization with AI-Powered Application Intelligence,” on May 15th. Register here to save your seat. Explore more about the Application Intelligence toolset and how it can support your success here.

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

    Media Contact:  
    Kimberley Hernandez 
    Corporate Marketing Manager 
    Fresche Solutions Inc. 
    kimberley.hernandez@freschesolutions.com  
    +1 800 361 6782

    A photo accompanying this announcement is available at: 
    https://www.globenewswire.com/NewsRoom/AttachmentNg/c650bb8b-89fa-44c7-b5ad-1f92693872c8

    The MIL Network –

  • MIL-OSI: Apollo Closes on $8.5 Billion for Accord+ Strategy, including $4.8 Billion for Second Vintage Fund

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, May 01, 2025 (GLOBE NEWSWIRE) — Apollo (NYSE: APO) today announced it has closed on $8.5 billion in total commitments for the Accord+ strategy, inclusive of $4.8 billion for Accord+ Fund II (“the Fund”) as well as separately managed accounts and related structures. The successful close of the second vintage exceeds internal targets and brings total assets for Apollo’s hybrid credit business to approximately $40 billion.

    Accord+ II employs an opportunistic strategy focusing on high-conviction investments across the credit spectrum. The Fund is expected to tactically allocate to high quality, top of the capital structure investments across both private corporate credit and asset-backed finance as well as secondary opportunities as informed by prevailing market conditions.

    “As rates stay higher-for-longer and volatility impacts capital flows, we see an attractive market for opportunistic credit investments, alongside our highest-conviction themes,” said Chris Lahoud, Partner and Head of Opportunistic Credit at Apollo. “We believe our scaled, integrated Credit platform positions us well to execute with speed and certainty in all market environments, including periods of dislocation.”

    John Zito, Co-President of Apollo Asset Management and Head of Credit, added, “We are pleased to see strong investor demand for the latest vintage of our Accord+ series, which we view as a result of our investment acumen, alignment and the market opportunity at hand. Accord+ is also a great illustration of our focus on product innovation, building upon the original Accord dislocation strategy to respond to investor needs and deploy capital to many of our best ideas throughout market cycles.”

    The Accord+ II close reflects broad support from a global and diverse group of investors including pension funds, sovereign wealth funds, financial institutions and family offices. Apollo intends to continue building its Accord strategy family within its hybrid business, including future funds and bespoke credit solutions tailored to institutional and wealth clients.

    Paul, Weiss, Rifkind, Wharton & Garrison LLP represented Apollo in connection with the closing of the Accord+ II Fund.

    About Apollo
    Apollo is a global, high-growth alternative asset manager. In its asset management business, Apollo seeks to provide clients excess return at every point along the risk-reward spectrum from investment grade to private equity, with a focus on three core strategies: yield, hybrid, and equity. For more than three decades, Apollo’s investing expertise across its fully integrated platform has served the financial return needs of clients and provided businesses with innovative capital solutions for growth. Through Athene, Apollo’s retirement services business, it specializes in helping clients achieve financial security by providing a suite of retirement savings products and acting as a solutions provider to institutions. Apollo’s patient, creative, and knowledgeable approach to investing aligns its clients, the businesses it invests in, its team members, and the communities it impacts to expand opportunity and drive positive outcomes. As of December 31, 2024, Apollo had approximately $751 billion of assets under management. To learn more, please visit www.apollo.com.

    Apollo Contacts
    Noah Gunn
    Global Head of Investor Relations
    Apollo Global Management, Inc.
    (212) 822-0540
    IR@apollo.com

    Joanna Rose
    Global Head of Corporate Communications
    Apollo Global Management, Inc.
    (212) 822-0491
    Communications@apollo.com

    The MIL Network –

  • MIL-OSI: 1 Hour Payday Loans Online No Credit Check Direct Lenders Guaranteed Approval – IOnline Payday Loans

    Source: GlobeNewswire (MIL-OSI)

    SHERIDAN, Wyo., May 01, 2025 (GLOBE NEWSWIRE) — Life is full of surprises—medical bills, home or car repairs, or even travel expenses and sometimes you need a little help. In those situations, waiting days for instant payday loans approvals doesn’t make sense. That’s when 1 Hour Payday Loans with No Credit Check come out the smartest. The loans are meant to provide short-term financial relief, even if your credit isn’t great. In this guide, we’re going to break down how these fast loans function and their benefits. We’ll also explain the basics of IOnline Payday Loans, another trustworthy lender known for approving loans within the hour. Get emergency funds with an easy application and there’s no hard credit check with IOnline!

    Click Here to Apply for No Credit Check Loans >>

    1-Hour Payday Loans No Credit Check— What is it?

    1-Hour Payday Loans With No Credit Check are typically small loans— $100 to $1,500, that are meant to be used to cover emergency expenses, such as medical bills, car repairs or unpaid rent. The main characteristic of these loans is they do not require a standard credit check, such as the one conducted by banks, which often means that are available even to people with bad credit or no credit history at all.

    Lenders consider current income, employment status and the borrower’s repayment ability, not a credit score. Once approved, the funds tend to be deposited directly into the borrower’s bank account that day. But these loans carry high interest rates and are supposed to be repaid on the next payday, so that’s why they got the name. They provide a quick fix, but it’s important to use them responsibly — or you risk falling into a cycle of debt.

    Click Here to Apply for No Credit Check Loans >>

    Types of 1-Hour Payday Loans Online No Credit Check Instant Approval

    1-Hour payday loans online with no credit check instant approval can be in a variety of forms to suit a variety of short-term financial needs. 1-Hour payday loans online with no credit check instant approval or payday loans online no credit check instant approval can be in a variety of forms. All of them are based on fast approval and quick funding, but they have distinct terms and purposes. Here are the primary kinds, all with the option of immediate approval without any credit check:

    1. Traditional Payday Loans:

    Instant payday loans online can help borrowers receive $100 to $1,500 without heavy paperwork or long wait times. One-hour payday loans are these things that you if you could simply get one, would solve all of your problems. Borrowers are lent a small amount —usually between $100 and $1,500 and must repay it by their next payday. Lenders don’t make hard credit checks, but they look at income and employment. Money is sent 24/7 and arrives the same day if approved.

    2. Installment Payday Loans:

    Unlike traditional payday loans, installment loans allow you to repay in multiple payments, which are available through Personal Money Network and the direct lenders we work with, have the flexibility to repay in multiple payments over the period of your loan. These are perfect for borrowers who want the flexibility of more time for repayment.

    3. Bad Credit Payday Loans:

    Online payday loans for bad credit cater to borrowers with low credit scores, focusing on income and bank activity instead. These are loans for people with bad or no credit; they are offered and marketed specifically for borrowers in this situation. Lenders don’t use a credit score but instead look at your financial situation today — such as regular income and how much activity is in your bank account. Bad credit payday loans can be approved instantly and you can have the money in your account within an hour.

    4. Same-Day Payday Loans:

    Same-day payday loans are structured to guarantee that when you apply, the cash is deposited directly into your account within a few hours of approval. Same-day payday loans, or no credit check payday loans with same-day approval, are structured to guarantee. No credit checks, no prolonged procedures and no bureaucracy at all. Provided you satisfy a few basic eligibility criteria, including age, income, and bank account verification, you can have the money in your account in as little as a few hours, perfect for a financial emergency.

    How To Apply 1 Hour Payday Loans No Credit Check?

    Getting a 1-hour payday loan with no credit check is not difficult. Follow these simple measures so that your application gets approved:

    1. Select a Trusted Lender: Select a reputable, licensed lender such as IOnline Payday Loans, with quick approvals, secure sites and without hard credit checks.
    2. Complete the Online Application Form: Check the lender’s website and fill out a brief application. You will be required to provide your full name, contact information, employment details, income, and banking information.
    3. Submit Documents for Verification: As proof of identity and income, you will need to upload files including your government-issued ID (driver’s license or passport), recent pay stubs and a bank statement that demonstrates regular deposits.
    4. Wait For Instant Approval Decision: Once you’ve completed the form and uploaded your documents, the lender will process your application and provide a decision in minutes with no hard credit pull.
    5. Receive Funds Within 1 Hour: Once approved, the money is transferred directly into your bank account–often in an hour or less, because processing time varies from bank to bank.

    Some lenders even offer instant payday loans online with guaranteed approval, based solely on income verification.

    Features & Benefits of IOnline Payday Loans

    Here are the amazing benefits of choosing the IOnline Payday loans:

    • Easy online application: IOnline Payday Loans has made applying for a payday loan straightforward and easy. No long paperwork or in-person visits are required. This quick digital process means that you receive credit matching and approval even quicker, making it great for people who need access to money quickly to deal with emergencies or unexpected expenses.
    • High Approval Rates: IOnline Payday Loans has one of the highest approval rates in the market and can allow you to get money on the same day you apply. Also, IOnline connects users with a vast network of lenders, even those with bad credit can have a good shot at being approved.
    • No Hard Credit Checks: Unlike other lenders, IOnline Payday Loans does not perform hard credit checks which can have a detrimental effect on your credit score. Instead, they conduct soft checks or use other methods such as income verification or employment history.
    • Loan Amounts and Terms Vary: IOnline lends from $100 up to $5,000, with loan terms between 2 and 24 months. This variation allows borrowers to select a loan that best suits their circumstances and budget. Whether you need some quick cash for an emergency, or a little more with longer to repay, IOnline finds you the ideal loan that suits your personal financial circumstances without added pressure on you.
    • Clear Fees and Interest Rates: Transparency is one of the best attributes that customers appreciate at IOnline Payday Loans. Any fees, interest rates and repayment terms are disclosed to you before you accept the loan. APRs fall typically between 5.99% and 35.99%, depending on your lender and your financial profile.

    Why is IOnline Payday Loans the best choice for you?

    Here are some additional reasons which will make IOnline payday loans the best choice for your instant approval loan:

    1. Lending decisions for the public service: IOnline Payday Loans will consider borrowers who receive income through TANF and SSI. They accept those as legitimate sources of income, lending to people who are not conventionally employed.
    2. Completely Online—No Phone Calls: At IOnline Payday Loans, the entire money lending process is performed online, and phone calls are not needed. This allows the loan application process to be faster, more confidential and more accommodating.
    3. Loans for the Unemployed: Even if you are currently unemployed you may be eligible for a loan if you have regular income from other sources such as social security, pensions or benefits. Moreover, IOnline Payday Loans refers applicants to lenders who are all willing to help regardless of employment status.
    4. Flexible Repayment Terms: The loan periods range from 2 to 24 months, so borrowers may select their own repayment schedule based on their level of income. This eases the repayment burden and helps borrowers make their repayments more comfortable.

    Process For Application: IOnline Payday Loans

    To qualify for 1 Hour Payday Loans No Credit Check through IOnline Payday Loans, simply do the following:

    Step 1: Selecting Your Loan Amount

    Consider how much you really need and whether or not you really will be able to repay it on time. Look at your income and expenses, then select a repayment amount that feels comfortable to you. Ensure the repayments are within your budget—failure to meet repayments could mean additional charges and penalties.

    Step 2: Organize Your Documents

    You’ll have to include some documents to prove you qualify, and to help speed your application along. When you are ready to apply for a loan through IOnline Payday Loans, have the following prepared:

    • A government-issued ID
    • Evidence of having been paid in the last 3 months (such as bank statements or payslips)
    • Your bank account details

    Step 3: Complete Application Form

    The application form at IOnline Payday Loans is fast and simple to fill out. Click on the “Apply Now” button on the top right of the screen and fill out the form in a few minutes. You’ll provide your basic details, including your full name, email, zip code, loan amount and how long you need to repay it. Then, hit the “Next” button.

    Step 4: Check If You Qualify

    As you enter your personal information and the amount of the loan, you will also be asked for a little more detailed information including the status of your job, financial situation and monthly expenses. This is to see if you qualify for a loan and your details are kept safe all the way till they are received by IOnline Payday Loans & your lender.

    Step 5: Wait till you get a lender

    Once we have your information, IOnline Payday Loans will search our lender network for the right lender for you. This typically lasts only a couple of minutes, and in around 2 minutes you’ll find out whether you have a match or not. If you’re approved, you will be brought to the lender’s website to complete the process. And if you don’t find you’re approved, you’ll also definitely hear from us soon.

    Step 6: Sign the Contract & Receive Your Funds

    Once you’re matched with a lender, they’ll provide you with a loan agreement. Take the time to read through the terms, check the fees and be sure that it’s manageable for you. If you’re in agreement, simply sign and return the form — and you’re finished!

    Eligibility Requirements: IOnline Payday Loans

    There are fairly straightforward requirements you’ll need to meet to apply with most lenders. These usually include:

    1. Applicants must be at least 18 years of age to be eligible.
    2. You must bring an official, government-issued ID with you—a driver’s license or a passport.
    3. You must have a bank checking account name to get funds.
    4. You will need evidence of regular income, whether from work, benefits or other regular sources.
    5. They will require you to provide a permanent residential address and some lenders might request proof of your address.
    6. You do need to reside in a state the lender operates in, borrowing ranges by state.
    7. To qualify for online no credit check instant approval, applicants must meet basic eligibility like age, ID and income.
    8. U.S. citizenship, permanent residency or a long-term visa is usually a prerequisite.
    9. A legitimate social security number is frequently required for identity and credit verification.

    Types of Other No Credit Check Payday Loans

    Small Payday Loans Online No Credit Check:

    Small payday loans online no credit check are perfect for emergencies under $500 and usually come with fast approvals. These are small, short-term loans, usually in the range of $500 or less, that are made with no credit check. They are perfect for those few emergency costs and can be approved within a few minutes.

    $255 Online Payday Loans Same Day No Credit Check:

    These loans are for $255 and they are meant to be taken out and returned the same day—no traditional credit check is required. They’re a favourite in states like California that have eyes on such loan amounts. $255 payday loans online loans same day no credit check are a quick fix for small emergencies, ideal for short-term borrowing needs.

    Tribal Loans for Bad Credit:

    Tribal loans are loans issued by Native American-operated lenders. They also commonly work around state regulations and provide flexible terms, which can make them an option for people with low or no credit history.

    $500 Loan No Credit Check Direct Lender:

    $500 loan no credit check direct lenders are made directly from lenders (not brokers) and don’t require a credit check. You could be approved for a loan of $500 and receive funds quickly, making it an ideal solution for emergency expenses.

    Frequently Asked Questions

    1. Is it possible to get a 1 Hour Payday Loans No Credit Check?

    Yes, a lot of lenders do provide instant decisions and quick funding. Some lenders will okay the loan in a matter of minutes, but funds transfer normally takes 1 business day but also varies depending on your bank.

    2. Does applying for a 1 hour payday loan have an effect on my credit score?

    Most no-credit-check lenders employ soft inquiries or alternative data, so it does not hurt your credit score to apply.

    3. Am I eligible for these loans in every state?

    No, some rules and regulations would determine availability. Payday loans are illegal in some states, while other states regulate or restrict them.

    Wrapping Up

    1 Hour Payday Loans No Credit Check is a quick and easy way to get a couple of days or a week when you need it the most. Whether it’s a crisis or an incidental emergency, services such as IOnline Payday Loans can connect you with trustworthy contracting lenders in just a few minutes. Services like IOnline Payday Loans help you connect with some of the best online payday loans available quickly and securely. Remember to always borrow responsibly, check the terms before you apply, and try to borrow the money you can afford to pay back.

    Project Name: IOnline Payday Loans

    Registered Office Address: 1095 Sugar View Dr Ste 500 Sheridan, WY 82801

    Company Website: https://ionlinepaydayloans.com/

    Email: mria@ionlinepaydayloans.com

    Phone: 307-777-7311

    Contact person name: Mria

    contact person email: mria@ionlinepaydayloans.com

    Disclaimer: This announcement contains general information about Ionline payday loan services and should not be considered financial advice. Ionline Payday Loans does not guarantee loan approval, and loan terms may vary by applicant and lender requirements. Loans are available to U.S. residents only.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/4201c2bd-e15f-40f8-89d7-7f5ad360b1fc

    The MIL Network –

  • MIL-OSI: Chapman Becomes Chief Executive Officer of Renasant

    Source: GlobeNewswire (MIL-OSI)

    TUPELO, Miss., May 01, 2025 (GLOBE NEWSWIRE) — Today, Renasant Corporation (the “Company”) announced that Kevin D. Chapman has officially assumed the role of Chief Executive Officer and President of both the Company and Renasant Bank (the “Bank”). C. Mitchell Waycaster, immediate past Renasant CEO, will continue as Executive Vice Chairman for both the Company and the Bank. As Executive Vice Chairman, Waycaster will continue to be involved in strategic planning, investor relations, mergers and acquisitions, and providing guidance and board level oversight for the Company.

    “As previously announced with our company’s succession plan, it is with full confidence and great enthusiasm that the Board and I pass the leadership torch to Kevin Chapman as our new CEO,” said E. Robinson McGraw, Chairman of the Board of the Company and the Bank. “We are in exceptionally capable hands under Kevin’s leadership, and we are confident that his proven track record and vision will guide Renasant to even greater success. On behalf of our shareholders, board, and employees, we congratulate Kevin on this well-deserved promotion and look forward to supporting him as he leads Renasant into the future.”

    About Kevin D. Chapman: Chapman has been President since May 2023 and Chief Operating Officer for the Company since May 2018. Prior to his current role, Chapman held several different roles including Chief Financial Officer, Chief Strategy Officer and Chief Accounting Officer and Corporate Controller.

    Chapman has worked in the financial services industry for more than 25 years with experience that includes initial public offerings, capital markets, mergers and acquisitions, capital raises, investor relations and corporate strategy. Prior to Renasant, he served as Corporate Controller for a large regional bank and as an accountant with Ernst and Young in Birmingham, Alabama.

    Chapman received his M.B.A. and B.S. in Accounting from Troy University.  He is a licensed C.P.A. in the state of Alabama. Chapman is involved in many community and non-profit organizations and has served as a board or committee member of the Community Development Foundation of Tupelo, the Health Care Foundation of North Mississippi, North Mississippi Medical Center, Yocona Area Council of the Boy Scouts of America, United Way of Northeast Mississippi, and the North Mississippi Symphony Orchestra.

    Chapman has served as a past board member of Mississippi Bankers Association and
    Mississippi Young Bankers. Additionally, he has served on various committees for the American Bankers Association.

    ABOUT RENASANT CORPORATION:
    Renasant Corporation is the parent of Renasant Bank, a 121-year-old financial services institution. As of April 1, 2025, Renasant has assets of approximately $26.0 billion and operates more than 280 banking, lending, mortgage and wealth management offices throughout the Southeast and offers factoring and asset-based lending on a nationwide basis.

    Contacts: For Media:   For Financials:
      John S. Oxford   James C. Mabry IV
      Senior Vice President   Executive Vice President
      Chief Marketing Officer   Chief Financial Officer
      (662) 680-1219   (662) 680-1281

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/2c43105d-19a8-4344-a211-8c758211b062

    The MIL Network –

  • MIL-OSI: Silvaco Partners with Kyung Hee University’s Professor Jin Jang on AI-Powered Fab Technology Co-Optimization for Next Generation Display Technologies

    Source: GlobeNewswire (MIL-OSI)

    SANTA CLARA, Calif., May 01, 2025 (GLOBE NEWSWIRE) — Silvaco Group, Inc. (Nasdaq: SVCO) (“Silvaco” or the “Company”), a provider of TCAD, EDA software and SIP solutions that enable semiconductor design and digital twin modeling through AI software and innovation, today announced a strategic research and development partnership with Professor Jin Jang and the Advanced Display Research Center (ADRC) at Kyung Hee University (KHU), South Korea. This four-year collaboration, which officially commenced on February 1, 2025, aims to advance display technology innovation through the integration of FTCO™ (Fab Technology Co-Optimization) with AI-driven Digital Twin modeling.

    Under the partnership, Silvaco will fund Ph.D. students at KHU and closely collaborate with Prof. Jang’s team to provide high-quality measurement data for emerging display technologies—specifically Micro-LED and OLED. The joint research effort will combine this experimental data with Silvaco’s industry-leading simulation tools and FTCO solution platform to create a comprehensive display technology Digital Twin spanning process, device, and circuit levels.

    “Our goal is to demonstrate how FTCO and AI-enabled Digital Twins can revolutionize the development and production of advanced display technologies,” said Prof. Jin Jang. “The collaboration with Silvaco allows us to bridge physical experimentation with virtual modeling, creating a robust foundation for faster, more accurate decision-making in fabs.”

    Silvaco’s role in the partnership includes running corresponding TCAD simulations and developing a complete FTCO flow using Victory TCAD™ simulators with Victory DoE™ and Victory Analytics™ in conjunction with its EDA tools, SmartSpice™ and UTMOST IV™. Combined with experimental data from KHU, this FTCO-based Digital Twin will enable fab engineers to simulate the impact of process variations on device and circuit performance in real-time, significantly accelerating optimization cycles in manufacturing environments.

    “Partnering with Professor Jin Jang and the ADRC team marks a major step forward in applying FTCO and Digital Twin approaches to optimize next generation display technologies,” said Eric Guichard, Senior Vice President and General Manager of the TCAD business unit at Silvaco. “With their world-class expertise in Micro-LED, OLED devices, and related circuits combined with our advanced simulation and analytics platforms, we aim to unlock new levels of efficiency in process optimization, design, and yield improvement. This partnership represents a unique fusion of academic research paving the way for future innovations in display manufacturing and beyond.”

    About Silvaco
    Silvaco is a provider of TCAD, EDA software, and SIP solutions that enable semiconductor design and digital twin modeling through AI software and innovation. Silvaco’s solutions are used for semiconductor and photonics processes, devices, and systems development across display, power devices, automotive, memory, high performance compute, foundries, photonics, internet of things, and 5G/6G mobile markets for complex SoC design. Silvaco is headquartered in Santa Clara, California, and has a global presence with offices located in North America, Europe, Brazil, China, Japan, Korea, Singapore, and Taiwan. Learn more at silvaco.com.

    Contacts
    Media Relations:
    Tiffany Behany, press@silvaco.com

    Investor Relations:
    Greg McNiff, investors@silvaco.com

    The MIL Network –

  • MIL-OSI: Drone-Mounted Lidar Systems for Bathymetric Surveys Market Expected to Reach $890 Million By 2032

    Source: GlobeNewswire (MIL-OSI)

    PALM BEACH, Fla., May 01, 2025 (GLOBE NEWSWIRE) — FN Media Group News Commentary – Bathymetry is a rising subset of uses in the drone universe. Bathymetry is the study of the “beds” or “floors” of water bodies, including the ocean, rivers, streams, and lakes. LIDAR and drones drive this segment. According to a recent industry report from Grand View Research said: “The drone-mounted LiDAR systems for bathymetric surveys market is projected to experience significant growth, with the global LiDAR drone market expected to reach around $892 million by 2032. The market is driven by factors such as increasing demand for high-precision geospatial data, technological advancements in LiDAR sensors, and the integration of LiDAR with AI and machine learning. Advancements in LiDAR technology, such as improved accuracy and reduced costs, have made it more accessible for a wide range of applications. Moreover, LiDAR integration with drones and autonomous vehicles is driving market expansion. The airborne segment dominated the U.S. LiDAR industry with a revenue share of over 44.9% in 2024. Airborne LiDAR holds a dominant position in the U.S. market and is also the fastest-growing segment, driven by its extensive use in large-scale mapping, urban planning, and environmental monitoring. The ability of airborne LiDAR to cover vast areas with high accuracy makes it an essential tool for applications such as topographic mapping, flood risk assessment, and forest management. The integration of LiDAR systems with advanced drones and aircraft has further enhanced its utility, enabling cost-effective and efficient data acquisition. The rise of smart city initiatives and infrastructure development projects in the U.S. is another key factor propelling the growth of airborne LiDAR.”   Active Companies in the drone industry today include ZenaTech, Inc. (NASDAQ: ZENA), ParaZero Technologies Ltd. (NASDAQ: PRZO), AgEagle Aerial Systems Inc. (NYSE: UAVS), EHang (NASDAQ: EH), Ondas Holdings Inc. (NASDAQ: ONDS).

    Grand View Research continued: “The mobile & UAV accounted to hold significant market share in 2024. The mobile and Unmanned Aerial Vehicle (UAV) LiDAR segment is experiencing significant growth in the U.S., primarily due to its versatility and ability to collect data in dynamic environments. Mobile LiDAR systems, mounted on vehicles, are widely used for road mapping, urban modeling, and autonomous vehicle navigation. UAV-based LiDAR has gained traction in industries like agriculture, construction, and mining, where flexibility and accessibility are critical. The reduced cost of UAV platforms and advancements in compact LiDAR sensors have made this technology more accessible to a broader range of industries. Additionally, advancements in miniaturization and cost reduction are opening up new opportunities for LiDAR applications. Smaller, more affordable sensors are becoming available for use in drones, allowing for rapid aerial mapping and surveying in hard-to-reach areas.”

    ZenaTech’s (NASDAQ:ZENA) Drone as a Service (DaaS) Offerings Expand to Bathymetric Surveys for Underwater Terrain Mapping for Commercial and Government Customers – ZenaTech, Inc. (FSE: 49Q) (BMV: ZENA) (“ZenaTech”), a technology company specializing in AI (Artificial Intelligence) drones, Drone as a Service (DaaS), enterprise SaaS, and Quantum Computing solutions, announces its DaaS offerings have expanded to include bathymetric surveys, a specialized method of mapping underwater terrain using drones equipped with sonar. These surveys are important for critical underwater depth and contour data to support maintenance, dredging, environmental planning, and aquatic development for both commercial and government customers.

    ZenaTech’s DaaS bathymetric surveys are now available in South Florida through the recently acquired Wallace Surveying where the team has both golf course and Intracoastal Waterway project relationships and surveying expertise. Utilizing advanced sonar and ZenaDrone drones, high-resolution underwater maps help customers make informed decisions ─ from enhanced water management and lake and channel design strategies, to ensuring long-term sustainability.

    “The Wallace team brings key customer relationships and bathymetric survey expertise that will enhance our national DaaS drone offerings. Bathymetric surveys using aerial drones offer faster, safer, and more cost-effective data collection, especially in hard-to-reach or hazardous environments. Unlike conventional manned survey vessel methods, drones require fewer personnel, reduce operational risks, and can access shallow or narrow areas with greater precision,” said CEO Shaun Passley, Ph.D.

    According to DataIntelo market research, the global Bathymetry Survey Sonar Market was valued at approximately $1.2 billion in 2023, this market is projected to reach $2.1 billion by 2032, growing at a CAGR of 6.2%. This encompasses sonar systems utilized in bathymetric surveys, including those deployed on drones.

    ZenaTech’s DaaS business will incorporate the ZenaDrone 1000 and the IQ series of multifunction autonomous drones to provide a variety of service solutions from land surveys to power line inspections or power washing, made accessible and cost effective through an Uber-like business model on a regular subscription or pay-per-use basis. Customers can conveniently access drones for eliminating manual or time-consuming tasks achieving superior results, such as for surveying, inspections, security and law enforcement, or precision farming applications, without having to buy, operate, or maintain the drones themselves.

    The DaaS business model offers customers such as government agencies, real estate developers, construction firms, farmers or energy companies reduced upfront costs as there is no need to purchase expensive drones, as well as convenience, as there is no need to manage maintenance and operation. The model also offers scalability to use more often or less often based on business needs and enables access to advanced drone technology sensors or attachments without the need for specialized training.   Continued… Read this full release by visiting: https://www.financialnewsmedia.com/news-zena/

    Other recent developments in the markets include:

    ParaZero Technologies Ltd. (NASDAQ: PRZO) announced recently that official marketing approval from the Israeli Ministry of Defense’s Defense Export Controls Agency (DECA) was received for the DropAir™ Precision Airdrop System, developed in collaboration with Heven Drones (“Heven”).

    Heven is a leading U.S. drone manufacturer with roots in Israel that specializes in custom autonomous UAV platforms. This authorization from DECA enables ParaZero and Heven to actively market their joint DropAir-integrated solution to global clients across commercial, defense, and humanitarian sectors.

    The DropAir system, integrated with Heven’s advanced UAVs, enables accurate and safe aerial delivery of critical payloads, including medical supplies, tactical equipment, and humanitarian aid. The combined solution is designed for autonomous deployment, enhanced safety, and mission-critical precision—especially in hard-to-reach or hazardous environments.

    AgEagle Aerial Systems Inc. (NYSE: UAVS) recently announced the launch of its eBee VISION next generation application software featuring a variety of critical updates. Of particular note, is the capability for autonomous position updates with map referencing to provide precise navigation even in GNSS-denied areas where satellite signals are unavailable or unreliable due to various factors.

    AgEagle CEO Bill Irby commented, “Of the many new features provided in our latest software update, overcoming GNSS-denied shortfalls marks a significant leap forward in drone operations especially for defense personnel, public safety agencies and industrial teams working in high-stakes, GNSS-denied environments. Whether operating in dense urban centers, near critical installations, or in contested zones with active signal interference, our global eBee VISION customers can now maintain full navigational command of their drone using only the camera and map-based interface. This feature directly addresses a core challenge faced by tactical and industrial drone operators in today’s complex mission environments. Our technical team will continue to work relentlessly on refinements and ongoing advancements to ensure AgEagle remains at the forefront of UAV innovation.”

    EHang (NASDAQ: EH), the world’s leading Urban Air Mobility (UAM) technology platform company, recently announced that its wholly-owned subsidiary, Guangdong EHang General Aviation Co., Ltd. (“EHang General Aviation”), and its joint venture company in Hefei, Hefei HeYi Aviation Co., Ltd. (“HeYi Aviation”), have been granted the first batch of Air Operator Certificates (“OC”) for civil human-carrying pilotless aerial vehicles by the Civil Aviation Administration of China (“CAAC”).

    This milestone officially marks the launch of China’s human-carrying flight era in the low-altitude economy, allowing citizens and consumers to purchase flight tickets for low-altitude tourism, urban sightseeing, and diverse commercial human-carrying flight services at related operation sites in Guangzhou and Hefei. In the future, operators will also gradually expand into more other scenarios such as urban commuting based on operational conditions legally and compliantly. The issuance of the first batch of OCs sets a new benchmark for the low-altitude economy and urban air mobility and further unleashing a more powerful vitality of the new-quality productive forces.

    Ondas Holdings Inc. (NASDAQ: ONDS) recently announced it has secured a $3.4 million order for its Iron Drone Raider Counter-UAS system from renowned European defense contractor for their governmental end client. This marks the initial deployment of the Iron Drone Raider in Europe and represents a major milestone in the global expansion of Ondas’ counter-UAS business.

    “Ongoing geopolitical instability and the rapid proliferation of hostile drone technologies have intensified the urgency for effective counter-UAS capabilities across NATO-aligned and partner nations,” said Eric Brock, Chairman and CEO of Ondas. “This order reflects the rising global demand for autonomous aerial defense systems that can be rapidly deployed, scaled, and adapted to modern threat environments. Iron Drone Raider delivers a differentiated solution for military and homeland security operators charged with safeguarding critical infrastructure and civilian populations from increasingly sophisticated aerial threats.”

    About FN Media Group:

    At FN Media Group, via our top-rated online news portal at www.financialnewsmedia.com, we are one of the very few select firms providing top tier one syndicated news distribution, targeted ticker tag press releases and stock market news coverage for today’s emerging companies. #tickertagpressreleases #pressreleases

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    DISCLAIMER:  FN Media Group LLC (FNM), which owns and operates FinancialNewsMedia.com and MarketNewsUpdates.com, is a third party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels.  FNM is NOT affiliated in any manner with any company mentioned herein.  FNM and its affiliated companies are a news dissemination solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security.  FNM’s market updates, news alerts and corporate profiles are NOT a solicitation or recommendation to buy, sell or hold securities.  The material in this release is intended to be strictly informational and is NEVER to be construed or interpreted as research material.  All readers are strongly urged to perform research and due diligence on their own and consult a licensed financial professional before considering any level of investing in stocks.  All material included herein is republished content and details which were previously disseminated by the companies mentioned in this release.  FNM is not liable for any investment decisions by its readers or subscribers.  Investors are cautioned that they may lose all or a portion of their investment when investing in stocks.  For current services performed FNM has been compensated fifty one hundred dollars for news coverage of the current press releases issued by ZenaTech, Inc. by the Company.  FNM HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.

    This release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. “Forward-looking statements” describe future expectations, plans, results, or strategies and are generally preceded by words such as “may”, “future”, “plan” or “planned”, “will” or “should”, “expected,” “anticipates”, “draft”, “eventually” or “projected”. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company’s annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and FNM undertakes no obligation to update such statements.

    Contact Information:
    Media Contact email: editor@financialnewsmedia.com – +1(561)325-8757

    SOURCE: FN Media Group

    The MIL Network –

  • MIL-OSI: Bitcoin Solaris Unveils Helios Security System: Safer Than Bitcoin with 10x Growth Potential

    Source: GlobeNewswire (MIL-OSI)

    TALLINN, Estonia, May 01, 2025 (GLOBE NEWSWIRE) — Bitcoin is legendary, but even legends can be improved. As security threats and scalability challenges rise, the crypto community has been searching for a blockchain that delivers both safety and growth potential. Enter Bitcoin Solaris (BTC-S) and its new Helios Security System — a breakthrough that promises more protection than Bitcoin and the speed of Solana, with serious room to grow.

    If you’re looking for a smart, secure, and scalable crypto investment, this might be your moment.

    Understanding the Helios Security System

    The Helios Security System is Bitcoin Solaris’s built-in defense and governance framework, designed to protect users, assets, and decentralized applications.

    It’s more than just a security layer — it’s a comprehensive system combining blockchain best practices with innovative tools that safeguard user interactions on the Bitcoin Solaris network.

    What Makes Helios Stand Out?

    • Integrated Across All Layers: Operates on both the base layer (security) and the Solaris layer (smart contracts and DeFi apps)
    • Zero-Knowledge Privacy Features: Users can opt into enhanced privacy for sensitive transactions
    • On-Chain Governance: Token holders vote on upgrades and policies, preventing centralized control
    • Validator Auditing and Automation: Delegated validators are selected based on performance and trust metrics
    • Constant Smart Contract Monitoring: All deployed contracts pass through ongoing audits and bug bounty programs

    By embedding Helios into its dual-consensus system, Bitcoin Solaris ensures the entire blockchain is secure — not just the base layer.

    The Future of Bitcoin Starts Here—Be Part of BTC-S

    What Makes Bitcoin Solaris Different?

    Bitcoin Solaris is more than just a secure blockchain — it’s an all-in-one ecosystem designed for everyday users, investors, and developers.

    Built for Performance and Protection

    • Dual-Consensus System: Combines Proof-of-Work (PoW) for unbeatable security and Delegated Proof-of-Stake (DPoS) for fast, scalable transactions
    • Up to 10,000 Transactions Per Second: With 2-second finality across the Solaris Layer
    • Massive Energy Efficiency: Uses 99.95% less energy than traditional Bitcoin mining
    • Cross-Platform Mining: Smartphones, laptops, and mining rigs all supported through the Solaris Nova App
    • Smart Tokenomics: 21 million fixed supply with 66.67% allocated to mining, creating sustainable distribution

    The Role of Liquid Staking in Network Safety

    Bitcoin Solaris enhances the user experience with liquid staking, giving token holders the ability to stake without locking their tokens.

    • Earn rewards with sBTC-S tokens (1:1 ratio)
    • Use staked tokens across DeFi apps while still earning
    • Support network decentralization by distributing stake across multiple validators
    • Gain voting power to steer platform direction

    Why Solana? Why Now?

    Solana’s blockchain is known for its speed and low fees, but it lacked the strong, Bitcoin-style security model. Bitcoin Solaris bridges that gap.

    By launching on Solana, Bitcoin Solaris leverages:

    • Fast processing
    • Reliable infrastructure
    • A vast developer ecosystem
    • Low-cost transactions

    Once the native Bitcoin Solaris chain goes live, tokens will migrate seamlessly, preserving speed and adding even more security at the protocol level.

    Positioned for Growth with Built-In Scarcity

    Bitcoin Solaris has locked its total token supply at 21 million BTC-S, mirroring Bitcoin’s proven model of digital scarcity.

    This limited supply, combined with audited smart contracts, real-world utility, verified contributers, and cutting-edge infrastructure, creates the perfect storm for long-term investor growth.

    With only three months of presale, early participants have a unique window to position themselves before BTC-S gains broader exposure.

    Conclusion

    The launch of the Helios Security System signals a new era for blockchain safety — one where decentralization, privacy, speed, and real-world use cases can finally work together in harmony. Bitcoin Solaris isn’t just a safer version of Bitcoin — it’s a faster, smarter, and more accessible evolution.

    Backed by Solana technology and driven by a strong, sustainable ecosystem, Bitcoin Solaris offers far more than promises. It offers the infrastructure to actually deliver — and the timing couldn’t be better.

    BTC-S Isn’t Just Another Coin—It’s a New Chapter in Bitcoin

    For more information on Bitcoin Solaris:

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

    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.

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    The MIL Network –

  • MIL-OSI: Unmanned Drones Carrying Bathymetric Lidar Systems Being Utilized to Cover Larger Areas Quickly

    Source: GlobeNewswire (MIL-OSI)

    PALM BEACH, Fla., May 01, 2025 (GLOBE NEWSWIRE) — FN Media Group News Commentary – LIDAR is being used in more industries across all markets and in many environments… one of which is water. People have studied the underwater depth of river, sea, and ocean floors for thousands of years to be able to safely navigate boats through the water. Today, such depth measurements are done using advanced technology that includes either sound (sonar), or laser pulses (LiDAR). The study of underwater topographies is called bathymetry, whereas studying underwater depths is known under terms such as seafloor mapping or imaging. According to a recent report from Precedence Research the global LiDAR market, including bathymetric LiDAR, is projected to reach a substantial $13.74 billion by 2033, growing at a CAGR of 21.56% from 2024 to 2033. This growth is driven by increased adoption in various sectors, including autonomous vehicles, infrastructure development, and environmental applications like forestry and flood modeling. A recent article by an industry insider said: “Bathymetric LiDAR was first used to detect submarines. However, many more applications have been developed that use bathymetric LiDAR as a result of advancing sensor technology. With smaller platforms including unmanned drones and small helicopters that can carry heavier payloads, bathymetric LiDAR systems can cover large areas quickly and capture accurate 3D data that includes the seabed and surrounding terrain of different water bodies.   Over time, bathymetric LiDAR has proven to be a fast, reliable, accurate, and safe technique for rapidly mapping nearshore waters, beaches, coastal engineering structures, and more. Compared to traditional methods, such as sonar-based systems or manual depth soundings, bathymetric LiDAR can generate more detailed and precise maps of underwater topography. It also allows for seamless mapping of both water and surrounding land, with the ability to reach up to three times the visible water depth.” Active Companies in the drone industry today include ZenaTech, Inc. (NASDAQ: ZENA), Draganfly Inc. (NASDAQ: DPRO), AeroVironment (NASDAQ: AVAV), Teledyne Technologies Incorporated (NYSE: TDY), Ouster, Inc. (NASDAQ: OUST).

    The article continued: “The advantage of using green light for bathymetric LiDAR is that it penetrates further into the water than other frequencies, to capture deeper depths that standard bathymetry methods may miss. Green light also scatters less off suspended particles than other wavelengths, reducing inaccuracies caused by suspended sediment or algae in the water column.   Bathymetric LiDAR is also a more sustainable and safer option for underwater mapping as it doesn’t require expensive and fuel-consuming survey vessels, or people entering the water. These might get lost or injured during surveys, while the use of bathymetric LiDAR sensors eliminates such potential risks. Bathymetric LiDAR technology offers rapid, accurate, and cost-effective data collection for hydrographic surveying, which involves measuring the physical features of water bodies (depth, currents, and underwater topography). Using bathymetric LiDAR, submerged archeological sites are found and studied, such as ancient shipwrecks and submerged settlements.”

    ZenaTech’s (NASDAQ:ZENA) Drone as a Service (DaaS) Offerings Expand to Bathymetric Surveys for Underwater Terrain Mapping for Commercial and Government Customers – ZenaTech, Inc. (FSE: 49Q) (BMV: ZENA) (“ZenaTech”), a technology company specializing in AI (Artificial Intelligence) drones, Drone as a Service (DaaS), enterprise SaaS, and Quantum Computing solutions, announces its DaaS offerings have expanded to include bathymetric surveys, a specialized method of mapping underwater terrain using drones equipped with sonar. These surveys are important for critical underwater depth and contour data to support maintenance, dredging, environmental planning, and aquatic development for both commercial and government customers.

    ZenaTech’s DaaS bathymetric surveys are now available in South Florida through the recently acquired Wallace Surveying where the team has both golf course and Intracoastal Waterway project relationships and surveying expertise. Utilizing advanced sonar and ZenaDrone drones, high-resolution underwater maps help customers make informed decisions ─ from enhanced water management and lake and channel design strategies, to ensuring long-term sustainability.

    “The Wallace team brings key customer relationships and bathymetric survey expertise that will enhance our national DaaS drone offerings. Bathymetric surveys using aerial drones offer faster, safer, and more cost-effective data collection, especially in hard-to-reach or hazardous environments. Unlike conventional manned survey vessel methods, drones require fewer personnel, reduce operational risks, and can access shallow or narrow areas with greater precision,” said CEO Shaun Passley, Ph.D.

    According to DataIntelo market research, the global Bathymetry Survey Sonar Market was valued at approximately $1.2 billion in 2023, this market is projected to reach $2.1 billion by 2032, growing at a CAGR of 6.2%. This encompasses sonar systems utilized in bathymetric surveys, including those deployed on drones.

    ZenaTech’s DaaS business will incorporate the ZenaDrone 1000 and the IQ series of multifunction autonomous drones to provide a variety of service solutions from land surveys to power line inspections or power washing, made accessible and cost effective through an Uber-like business model on a regular subscription or pay-per-use basis. Customers can conveniently access drones for eliminating manual or time-consuming tasks achieving superior results, such as for surveying, inspections, security and law enforcement, or precision farming applications, without having to buy, operate, or maintain the drones themselves.

    The DaaS business model offers customers such as government agencies, real estate developers, construction firms, farmers or energy companies reduced upfront costs as there is no need to purchase expensive drones, as well as convenience, as there is no need to manage maintenance and operation. The model also offers scalability to use more often or less often based on business needs and enables access to advanced drone technology sensors or attachments without the need for specialized training.   Continued… Read this full release by visiting: https://www.financialnewsmedia.com/news-zena/

    Other recent developments in the markets include:

    AeroVironment (NASDAQ: AVAV), a global leader in intelligent, multi-domain autonomous systems, recently announced it has been awarded a $46.6M contract by the Italian Ministry of Defence (MOD) for the delivery of its JUMP® 20 vertical takeoff and landing (VTOL) medium uncrewed aircraft system (MUAS). The five-year contract encompasses the procurement of JUMP 20 air vehicles, engineering services, initial sustainment and onsite technical support – ensuring rapid fielding and operational readiness from day one.

    JUMP 20 is a vertical take-off and landing (VTOL), fixed-wing UAS with 30 pounds of payload capacity, 13+ hours of endurance and an operational range of 185 km (115 mi). Purpose-built for expeditionary operations, the system can be stored and transported with ease and autonomously launched and recovered without personnel intervention, making it ideal for dynamic on-the-move operations.

    In a new whitepaper, Teledyne FLIR Defense, part of Teledyne Technologies Incorporated (NYSE: TDY), says that emerging cost-effective precision strike solutions that can be safely recovered and reused offer a strong alternative to more commonly deployed ‘One-Way Attack’ or First Person View (FPV) drones.

    In the new paper, USE IT, DON’T LOSE IT: The Case for Recoverable and Reusable Loitering Munitions, FLIR Defense argues that newer, advanced loitering munition unmanned aircraft systems (LMUAS) are better suited to support operations in the ‘atmospheric littoral.’ An emerging strategic concept, the atmospheric littoral describes the very low-altitude airspace (up to several hundred feet above ground level) which, if controlled, can significantly enhance the ground maneuver of combat units.

    Ouster, Inc. (NASDAQ: OUST) recently announced the launch of a cloud portal for Ouster Gemini, its digital lidar perception platform for security, intelligent transportation systems, crowd analytics, and logistics. With the cloud portal, users can seamlessly configure, manage, and view all of their on-premise Ouster Gemini lidar deployments through a unified interface.

    Ouster Gemini combines Ouster’s 3D digital lidar with AI-powered perception software to accurately detect, classify, and track people and vehicles, even in adverse weather or low light conditions. The solution offers seamless integration with video management systems and traffic controllers, delivering high-performance real-time 3D situational awareness to enhance security, safety, and operational efficiency.

    Draganfly Inc. (NASDAQ: DPRO), an industry-leading developer of drone solutions and systems, recently announced the formation of its Public Safety Advisory Board. This new initiative reinforces Draganfly’s commitment to delivering cutting-edge, mission-critical technologies that support enforcement and public safety agencies worldwide. Renowned global public safety expert and Homeland Security advisor Paul Goldenberg will serve as the inaugural Chair of the Board.

    With more than 30 years of experience in law enforcement, global security, and national intelligence, Goldenberg brings unparalleled expertise to the role. Recently named America’s Most Influential Person in Homeland Security, he has advised U.S. Presidents, members of Congress, and international security bodies on counterterrorism, cybercrime, and public safety. As a former senior member of the U.S. Department of Homeland Security Advisory Council (HSAC), Goldenberg led pivotal initiatives, including the DHS Cybersecurity Task Force and the Countering Foreign Influence Task Force. He currently serves as Chief Advisor for Policy and International Policing at the Rutgers University Miller Center on Policing, a Distinguished Visiting Fellow for Transnational Security at the University of Ottawa, and a member of the National Sheriffs’ Association Southern Border Security Committee.

    About FN Media Group:

    At FN Media Group, via our top-rated online news portal at www.financialnewsmedia.com, we are one of the very few select firms providing top tier one syndicated news distribution, targeted ticker tag press releases and stock market news coverage for today’s emerging companies. #tickertagpressreleases #pressreleases

    Follow us on Facebook to receive the latest news updates: https://www.facebook.com/financialnewsmedia

    Follow us on Twitter for real time Market News: https://twitter.com/FNMgroup

    Follow us on Linkedin: https://www.linkedin.com/in/financialnewsmedia/

    DISCLAIMER:  FN Media Group LLC (FNM), which owns and operates FinancialNewsMedia.com and MarketNewsUpdates.com, is a third party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels.  FNM is NOT affiliated in any manner with any company mentioned herein.  FNM and its affiliated companies are a news dissemination solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security.  FNM’s market updates, news alerts and corporate profiles are NOT a solicitation or recommendation to buy, sell or hold securities.  The material in this release is intended to be strictly informational and is NEVER to be construed or interpreted as research material.  All readers are strongly urged to perform research and due diligence on their own and consult a licensed financial professional before considering any level of investing in stocks.  All material included herein is republished content and details which were previously disseminated by the companies mentioned in this release.  FNM is not liable for any investment decisions by its readers or subscribers.  Investors are cautioned that they may lose all or a portion of their investment when investing in stocks.  For current services performed FNM has been compensated fifty one hundred dollars for news coverage of the current press releases issued by ZenaTech, Inc. by the Company.  FNM HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.

    This release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. “Forward-looking statements” describe future expectations, plans, results, or strategies and are generally preceded by words such as “may”, “future”, “plan” or “planned”, “will” or “should”, “expected,” “anticipates”, “draft”, “eventually” or “projected”. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company’s annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and FNM undertakes no obligation to update such statements.

    Contact Information:
    Media Contact email: editor@financialnewsmedia.com – +1(561)325-8757

    SOURCE: FN Media Group

    The MIL Network –

  • MIL-OSI: Buxton Helmsley Announces Corporate Transformation, Director and Officer Appointments

    Source: GlobeNewswire (MIL-OSI)

    Announces Recent Corporate Transformation and Further Plans Involving Reimagined Enterprise

    Announces Commencement of USD$50mm Private Placement of Common Stock Ownership in Buxton Helmsley Parent Company, Having Received Immediate Subscriptions, and Exploring Possible Direct Listing on New York Stock Exchange

    Substantial Majority of Offering Proceeds to Be Temporarily Allocated Toward Launch of Inaugural Fund, with Parent Company Investors Obtaining Fee-Free Indirect Fund Exposure and Unique Economic Benefits Not Experienced by Unaffiliated Limited Partners

    Alexander E. Parker, Ranked Among the Top 15% of Global Activist Investors by Engagement Volume According to Bloomberg’s “Activism League Tables,” Appointed as Chairman of the Board and Chief Executive Officer

    Appoints Independent Financial Industry Veterans Charles Garcia, Rumbi Petrozzello, and Beth Haddock to Board of Directors

    Appoints Tenured Financial and Venture Capital Professional Johnathan Flickinger as Executive Vice President and Chief Financial Officer

    Appoints Former BNP Paribas and UBS Equity Research Head Weiyee In [殷 維一] as Head of Capital Markets Research

    Plans to Form The Buxton Helmsley Foundation, to Begin Operations in Q4 2025

    NEW YORK, May 01, 2025 (GLOBE NEWSWIRE) — Buxton Helmsley, Inc. (together with certain of its affiliates, “BH”, “we”, or the “Company”), a New York City-based alternative asset manager, today announced a series of actions taken between February and April 2025. These initiatives follow the continued success of its flagship low-correlation defensive activism strategy, which has consistently captured opportunities across market cycles. BH has also unveiled plans involving a USD$50 million private placement of common stock in parent company Buxton Helmsley, Inc. (offering unique benefits to investors distinct from underlying BH fund offerings):

    • Commencement of USD$50 Million Private Placement of Common Stock in Parent Company, Buxton Helmsley, Inc. – BH has commenced a Rule 506(c) private placement of USD $50 million of common stock (the “New Private Offering”). Immediately prior to commencement (under Rule 506(b)), BH secured initial subscriptions. A substantial majority of the proceeds from the New Private Offering will be allocated to sponsoring BH’s inaugural investment fund, carrying forward an expanded version of the defensive activism strategy developed by Alexander E. Parker. This initiative further solidifies the Buxton Helmsley name among the top 15% of global activist investors by engagement volume, as ranked within Bloomberg’s “Activism League Tables.” BH has also begun exploring a potential direct listing of its common stock on the New York Stock Exchange.

      BH is preparing to launch its largest investor advocacy initiative to date, targeting a global corporation with a market capitalization of over $5 billion. Evidence of extensive insider trading among senior executives and “hush money” payments to whistleblowers is anticipated to drive an immediate, majority board refresh, allowing for BH to thereafter unlock significant operational and financial improvements. Given the anticipated media coverage and heightened investor interest once the initiative becomes public, pricing for future BH common stock sales will likely be adjusted upward following the public disclosure of this latest and largest campaign. Prospective investors wishing to participate under the current terms of the New Private Offering are encouraged to inquire about investing before the public announcement.

      Interested investors should inquire via e-mail at ir@buxtonhelmsley.com.

    • Commencement of Investor Discussions and Acceptance of New Private Offering Subscriptions – BH has initiated discussions with investment banks, high-net-worth individuals, family offices, and institutional investors, and has begun accepting New Private Offering subscriptions. All investors must be accredited, and reasonable steps will be taken to verify accreditation in accordance with U.S. securities laws. The New Private Offering is not being conducted in any jurisdiction where such an offering would be unlawful under that jurisdiction’s securities laws, and eligibility screening will apply to all investors, regardless of domicile.
    • Appoints Financial Industry Veterans Charles Garcia, Rumbi Petrozzello, and Beth Haddock to Board of Directors:
      • Charles Garcia – Mr. Garcia serves as the Chair of the Nominating and Governance Committee and a Member of Audit Committee at BH, where he contributes his expertise in executive leadership, corporate governance, and financial oversight. With significant experience across capital markets and financial services, he brings valuable perspective to the Company’s leadership structure. Before joining BH, Mr. Garcia founded Climb Leadership International, a company dedicated to fostering leadership excellence at Fortune 500 companies, financial institutions, and financial technology firms. His distinguished career includes serving as a Managing Director at Citadel and Director of Business Development at BlackRock. Mr. Garcia began his professional journey at Bloomberg LP, where he spearheaded the company’s strategic expansion across Latin America. Beyond his corporate achievements, Mr. Garcia has made significant academic contributions as an adjunct professor at Columbia University, and as a professor and Assistant Dean at Long Island University Post’s School of Business. His combined experience in financial markets, leadership development, and academia provides BH with comprehensive governance expertise.
      • Rumbi B. Petrozzello, CPA CFF CFE – Ms. Petrozzello serves as the Chair of the Audit Committee and a Member of the Nominating and Governance Committee at BH, where she contributes her extensive expertise in accounting, forensic investigation, and compliance oversight. As a Certified Public Accountant (CPA), Certified in Financial Forensics (CFF), and a Certified Fraud Examiner (CFE), she brings critical financial governance skills to the firm’s leadership team. Before joining BH, Ms. Petrozzello established herself as a principal at Rock Consulting, where she provides specialized consulting services focused on internal control adequacy and litigation support for accounting and financial matters. At Seramount, a professional services and research firm, she serves as Head of Strategy, Consulting, driving initiatives to advance high-performing, inclusive workplaces. Her leadership experience includes serving as past President of the New York State Society of CPAs, in addition to actively serving as a member of the Board of Directors of the American Institute of Certified Public Accountants (AICPA). Ms. Petrozzello’s combination of forensic accounting expertise, strategic consulting experience, and professional leadership provides BH with exceptional financial oversight capabilities.
      • Beth Haddock, Esq. – Ms. Haddock serves on the Audit Committee and the Nominating and Governance Committee at Buxton Helmsley, bringing over 25 years of strategic leadership in financial services, fintech, and corporate governance. She has held leadership roles across diverse environments, from large public multinationals to privately held startups, with revenues ranging from under $100 million to over $10 billion. Her background includes leadership roles at AXA S.A., Brown Brothers Harriman, Guggenheim Investments, and AdvisorEngine (acquired by Franklin Templeton), driving growth through strategic corporate development, risk management, and operational execution. Beth’s expertise spans finance, regulation, and market development, with notable initiatives including the launch of new European Union service centers, successful government grant applications, compliance program redesigns, and global fund expansion. With over seven years of experience in emerging technologies, she is well-versed in regulatory strategy, compliance, and litigation. Beth has led high-impact legal and compliance departments, holds a patent for measuring return on investment with relation to compliance initiatives, and is the author of Triple Bottom-Line Compliance, where she advocates for pragmatic, sustainable governance frameworks that deliver protection, productivity, and long-term value.
    • Appoints Alexander E. Parker as Chairman of the Board and Chief Executive Officer – Mr. Parker’s defensive and transformative investor engagement campaigns have resulted in the Buxton Helmsley name, over the course of approximately a decade, being ranked among the top 15% of global activist investors (according to Bloomberg, based on investor engagement volume). With a proven track record of impact-oriented investing to resolve market integrity issues and to catalyze positive corporate transformations, Mr. Parker has successfully led the firm’s investor advocacy initiatives by combining straightforward business acumen with a deep knowledge of securities, accounting, and legal obligations at publicly traded companies. Before establishing his leadership at BH, Mr. Parker built a reputation as an effective whistleblower, with securities regulators subsequently charging violations at entities he identified. His investor engagement campaigns have gained recognition in prestigious publications, including The Harvard Law School Forum on Corporate Governance. Mr. Parker studied finance and economics at Mercy University of New York City, where he participated in the school’s honors business program. Based in Manhattan, he maintains an influential network that advances Buxton Helmsley’s investor objectives. Mr. Parker has been featured in leading financial publications including The Wall Street Journal, Bloomberg, MarketWatch, The Irish Times, and TheStreet.com. As a licensed investment professional through the Financial Industry Regulatory Authority (FINRA) and a FINRA-appointed arbitrator, he brings additional credibility and regulatory insight to his leadership role.
    • Appoints Johnathan J. Flickinger as Executive Vice President and Chief Financial Officer – Mr. Flickinger has been appointed to serve as Executive Vice President and Chief Financial Officer at BH, bringing nearly a decade of experience in financial management and private equity operations. His career spans public multinational organizations and high-growth startups, where he has led initiatives to scale internal operations and strengthen financial reporting. Prior to joining BH, Mr. Flickinger held roles at AngelList, Unilever, and The Livekindly Collective. He has overseen compliance operations for emerging venture firms, global financial planning and analysis initiatives, and has included implementation of post-acquisition financial reporting controls across international organizations. Before joining BH, Johnathan founded a venture-backed fintech company delivering an AI-native solution for registered investment advisors. Recognized for his ability to build scalable financial infrastructure, Mr. Flickinger brings to the firm a distinctive blend of corporate finance acumen, entrepreneurial perspective, and strategic leadership.
    • Appoints Weiyee In [殷 維一] as Head of Capital Markets Research – Mr. In serves as the Head of Capital Markets Research and Chair of the Expert Advisory Board at BH, where he leverages his extensive background as a publishing Wall Street analyst and senior executive at global financial institutions. With expertise spanning technology, media, and telecommunications (TMT) equities, Mr. In has played a pivotal role in shaping investment strategies across multinational banks, including UBS and BNP Paribas. Mr. In has also engaged in digital asset custody and institutional trading at several chartered financial institutions. Over his career, he has held leadership roles in equity research, sustainability strategy (ESG), and regulatory advisory, developing AI-driven solutions for financial compliance frameworks such as MiFID II, GDPR, and AML/KYC regulations. A native of New York City, Mr. In has spent much of his career as an expatriate, working in London, Paris, Hong Kong, Taiwan, and across Southeast Asia. As an active angel investor and advisor, he has contributed to fintech, AI, data analytics, and industrial automation startups across Asia and Europe. His work in digital ledger technology (DLT) integration, trade analytics, and financial custody solutions has driven innovation in institutional investment and regulatory compliance.
    • Revocation of Historical “Buxton Helmsley” Trademark Licensees – On February 24, 2025, BH acquired the “Buxton Helmsley” trademark and related intellectual property (the “BH IP”) from BH founder Alexander E. Parker. Immediately prior to BH’s acquisition of the BH IP, Mr. Parker formally revoked the authorization to use the BH IP from two unaffiliated entities (Buxton Helmsley Holdings, Inc. and The Buxton Helmsley Group, Inc.), both of which have no shared economic interest or affiliation with BH. BH expressly disclaims any and all activities of these entities for which it is entirely unaffiliated. Immediately after BH’s acquisition of the BH IP, BH filed for formal registration of the BH IP with the USPTO.
    • Formation of Buxton Helmsley USA, Inc. – Following the formation and acquisition of the BH IP, BH formed Buxton Helmsley USA, Inc., a newly-registered exempt reporting advisor, having filed the necessary documents with the State of New York.
    • Plans to Form The Buxton Helmsley Foundation in Q4 2025 – As part of its continuing commitment to driving positive public impact, BH plans to establish The Buxton Helmsley Foundation (the “BHF”) in Q4 2025. Concurrent with the formation of BHF, BH will appoint a board of trustees to manage the charitable affairs of BHF. BHF will focus on strategic philanthropy, including medical research and innovation, development of education and economic opportunity, and whistleblower protection. BHF will manage its endowment, comprised of contributions from BH and external donors, to drive a long-term and sustainable impact.

      Mr. Parker intends to donate to BHF his direct personal economic interest in a pending lawsuit filed against defendants Assertio Holdings, Inc. and its Chief Executive Officer, Brendan P. O’Grady. The suit alleges defamation per se (the “Assertio Defamation Claim”) arising from the defendants’ response to a scheme of clinical data fraud alleged by multiple former executives-turned-whistleblowers of an Assertio subsidiary (specifically, Spectrum Pharmaceuticals, Inc., the maker of cancer drug Rolvedon, previously clinically tested as Rolontis). Mr. Parker will request that the BHF board of trustees earmark such funds for allocation to cancer-focused causes.

      To view the official court filing for Mr. Parker’s Assertio Defamation Claim: https://www.buxtonhelmsley.com/asrt/

      The official court transcript from the most recent hearing in which Mr. Parker is a party to (though, BH and its affiliates are not a party to): https://www.buxtonhelmsley.com/asrt/

    “This transformation marks a defining moment in Buxton Helmsley’s trajectory,” said Alexander E. Parker, Chairman and Chief Executive Officer. “What was once a broader, multi-pronged enterprise has now been reimagined as a focused, high-conviction enterprise dedicated solely to alternative asset management. With this sharpened mission and a newly fortified leadership team of industry-leading professionals, Buxton Helmsley is positioned to deliver institutional-grade strategy, integrity-driven investing, and scalable impact. The launch of our $50 million private offering, alongside the formation of The Buxton Helmsley Foundation, underscores our commitment to shaping capital markets and societal outcomes alike, with both precision and purpose, to leave a long-term legacy.”

    Accredited investors interested in the USD$50 million New Private Offering may obtain more details at: https://www.buxtonhelmsley.com/news-and-insights/announcements/our-next-chapter

    About Buxton Helmsley

    Buxton Helmsley, Inc. is a New York City-based alternative asset management firm, managing both active and passive investment strategies across a range of asset classes, with a general focus on opportunities in North America and Europe. The firm’s investment approach is based on deep fundamental analysis and risk management, with a focus on ensuring disclosure obligations are being upheld under applicable accounting standards and securities laws.

    Disclosures Related to Private Offering

    The information provided within this press release by Buxton Helmsley, Inc. (“BH”) and its affiliates is for informational purposes only and does not constitute an offer to sell or a solicitation to buy any securities or investment products. This information does not constitute investment, legal, tax, or other advice. BH makes no representation or warranty as to the accuracy, completeness, or reliability of the information contained herein.

    BH is an alternative asset manager and has not been and will not be registered under the U.S. Investment Company Act of 1940, as amended (the “Investment Company Act”) and, as such, investors will not be entitled to the benefits of the Investment Company Act. Investments in BH may involve a high degree of risk and may employ speculative investment practices. Past performance is not indicative of future results. The value of investments may fluctuate, and investors may lose the entire amount invested. Investment in any of the investment funds or securities offered by BH is available only to eligible investors pursuant to the relevant offering documents, which should be read in their entirety.

    BH and its affiliates, officers, directors, employees, and agents shall have no liability for any loss or damage arising from reliance on the information contained herein. Access to this website may be restricted under the securities laws in certain jurisdictions. Readers should verify that they are permitted to access this information under applicable law, given that this information may be republished. BH disclaims any and all liability for any unlawful access to this information.

    Cautionary Statement Regarding Forward-Looking Statements

    The information herein contains “forward-looking statements.” Specific forward-looking statements can be identified by the fact that they do not relate strictly to historical or current facts and include, without limitation, words such as “may,” “will,” “expects,” “believes,” “anticipates,” “plans,” “explores,” “estimates,” “projects,” “potential,” “targets,” “forecasts,” “seeks,” “could,” “should” and/or the negative of such terms or other variations on such terms or comparable terminology. Similarly, statements that describe our objectives, plans, or goals are forward-looking and are subject to various risks, uncertainties, and assumptions. There is no assurance that any idea or assumption herein is, or will be proven, correct, or that any of the objectives, plans or goals stated herein will ultimately be undertaken or achieved. If one or more of such risks or uncertainties materialize, or if any of BH’s underlying assumptions prove to be incorrect, any actual results may vary materially from any outcomes indicated or suggested by these statements. Accordingly, any and all forward-looking statements should not be regarded nor interpreted as a representation by BH that any and/or all future plans, estimates, or expectations contemplated will ever be achieved.

    The MIL Network –

  • MIL-OSI: NOTICE OF VIRTUAL ANNUAL GENERAL MEETING OF COINSHARES INTERNATIONAL LIMITED ON 30 MAY 2025

    Source: GlobeNewswire (MIL-OSI)

    Notice is hereby given that the Annual General Meeting of CoinShares International Limited (the “Company”) will take place on Friday, 30 May 2025 at 14:00 BST in the form of a hybrid virtual event at 2 Hill Street, St Helier, Jersey, JE2 4UA.

    The entire Annual General Meeting will be broadcast live online (audio and video) via Wavecast.io and will be open for all shareholders who are entered in the Company’s stock register on the record day of the Annual General Meeting. The exercise of shareholder rights, in particular the exercise of voting rights, requires registration for the meeting in due time and in the proper form and will be performed by poll during the meeting or by granting power of attorney to Company proxies. The location of the Annual General Meeting for the purposes of the minutes is the Company’s registered office, 2 Hill Street, St Helier, Jersey, JE2 4UA. 


     RIGHT TO ATTEND THE ANNUAL GENERAL MEETING AND NOTICE

    Shareholders wishing to attend the Annual General Meeting must:

    1. on the record date, which is 16 May 2025, be registered in the Company’s share register maintained by Euroclear Sweden AB. Shareholders, whose shares are registered in the name of a nominee, must temporarily register the shares in their own name at Euroclear Sweden AB. Shareholders whose shares are registered in the name of a nominee must, no later than 15 May 2025, via their nominee, temporarily register the shares in their own name in order to be entitled to participate at the general meeting. In order to re-register shares in time, shareholders should make the request via their nominee in good time before this date.
    2. notify the Company of any intended participation at the general meeting no later than 15 May 2025. Notice of participation at the general meeting may be given by following the registration instructions detailed on the Reports Portal on the Company’s website or here. Upon notification, the shareholder must state their full name, personal identification number (date of birth for non-Swedish investors) or corporate registration number, postal and email address, as well as the number of shares held.

    PROPOSED AGENDA

    1. Opening of the Annual General Meeting
    2. Election of the Chairman of the Annual General Meeting
    3. Preparation and approval of voting list
    4. Approval of the agenda
    5. Determination of whether the general meeting has been duly convened
    6. Election of one person to certify the minutes
    7. Presentation of the Annual Report, consolidated financial statements and the audit report
    8. Resolution regarding the adoption of the group income statement and group balance sheet
    9. Determination of the number of members of the Board of Directors and the number of Auditors
    10. Determination of remuneration to the Board of Directors and the Auditor
    11. Election of the Board of Directors and the Auditor
    12. Resolution on the approval of the Board of Director’s Remuneration Report
    13. Resolution regarding authorising the Board of Directors to decide on repurchase and transfer of own shares
    14. Resolution regarding amendments to the Company’s articles of association
    15. Closing of the Annual General Meeting

    PROPOSALS FOR RESOLUTIONS

    ITEM 2: OPENING OF THE MEETING AND ELECTION OF CHAIRMAN OF THE GENERAL MEETING

    The Nomination Committee, appointed in accordance with the instruction for the Nomination Committee as resolved by the Annual General Meeting on 20 June 2022 and comprising of the Chairman of Nomination Committee, Michael Carlton (appointed by Daniel Masters), Jean-Frédéric Mognetti (appointed by Mognetti Partners Limited),  Paul Davison (appointed by Russell Newton) and Johan Lundberg (representative of the Board of CoinShares International Limited), proposes that Daniel Masters, Chairman, be appointed as the Chair of the Annual General Meeting 2025.

    ITEM 3: PREPARATION AND APPROVAL OF THE VOTING LIST

    The voting list proposed for approval is the voting list drawn up by the Company Secretary, based on the register of shareholders provided by Euroclear Sweden AB, shareholders having given notice of participation and being present at the Meeting, and postal votes received.

    ITEMS 9-11: DETERMINATION OF REMUNERATION TO THE BOARD OF DIRECTORS AND THE AUDITORS, ELECTION OF THE BOARD OF DIRECTORS AND THE AUDITORS AND ELECTION OF THE CHAIRMAN OF THE BOARD OF DIRECTORS

    The Nomination Committee proposes that:

    Item 9

    The Board of Directors shall consist of 6 directors and that the Company should have one registered public auditor’s firm as auditor. 

    Item 10

    To increase the remuneration of the Board of Directors to the amount of GBP 70,000 per annum to each of the non-employed Directors, which includes all committee membership and committee chair positions. The proposed increase in the remuneration reflects the increased responsibilities associated with the move to the regulated segment of Nasdaq Stockholm in 2022, as well as ensuring that the Company can continue to attract and retain the right candidates for the Board of Directors. It is proposed that remuneration to the Chairman remain unchanged at GBP 125,000 per annum, provided that the Chairman is not an employee.

    Remuneration to the Auditor be paid in accordance with approved invoices.

    Item 11

    For the period up to the end of the Annual General Meeting in 2026, Jean-Marie Mognetti, Carsten Køppen, Johan Lundberg, Viktor Fritzén and Christine Rankin be re-elected as members of the Board of Directors and that Daniel Masters be re-elected as the Chairman of the Board.

    Baker Tilly International (including any of its affiliates or member firms) (collectively, “Baker Tilly”) be elected to serve as the Company’s auditor for the period ending at the conclusion of the Annual General Meeting in 2026, unless the Board elects to appoint another audit firm that, at the time of appointment, audits an equal or greater number of Securities and Exchange Commission (SEC) registrants than Baker Tilly, based on the most recent data published by a recognized and independent provider of audit industry data, such as Audit Analytics or a comparable organization that tracks and reports on the number of SEC registrants audited by accounting firms. Information regarding the candidates nominated by the Nomination Committee for re-election to the Board of Directors is available on the Company’s website under the Investor Relations section.

    ITEM 12: RESOLUTION ON APPROVAL OF THE BOARD OF DIRECTOR’S REMUNERATION REPORT 

    Under the Swedish Corporate Governance Code, the Board of Director’s is required to prepare a report for each financial year regarding paid and outstanding remuneration to Board members, the CEO and the deputy CEO who are covered by the guidelines. As the Company has no deputy CEO and the Board members do not receive any remuneration other than that decided by the Annual General Meeting, the report for the financial year 2024 only covers the Company’s CEO. According to the Swedish Corporate Governance Board’s rules on remuneration to senior executives and on incentive programs, the report must contain an overview of each of the outstanding and concluded incentive programs completed during the year.

    The Board of Directors suggests that the Annual General Meeting approve the remuneration report for the financial year 2024.

    ITEM 13: RESOLUTION REGARDING AUTHORISING THE BOARD OF DIRECTORS TO DECIDE ON REPURCHASE AND TRANSFER OF OWN SHARES 

    The Board of Directors proposes that the Annual General Meeting resolves to authorise the Board of Directors to decide on purchases of the Company’s own shares in accordance with the following, main terms:

    1. Share repurchases may be made on Nasdaq Stockholm or any other regulated market.
    2. The authorisation may be exercised on one or more occasions before the 2026 Annual General Meeting.
    3. The maximum number of own shares that may be repurchased so that the Company’s holding of shares at any given time does not exceed 15% of the total number of shares in the Company.
    4. Repurchases of the Company’s own shares on Nasdaq Stockholm (or any other regulated market) may only be made at a price of no more than 5% above the average trading price of the 5 business days prior to the repurchase.
    5. Payment for the shares shall be made in cash.

    In addition, the Board of Directors proposes that the Annual General Meeting resolves to authorise the Board of Directors to decide on transfer of own shares, with or without deviation from the shareholders’ preferential rights, in accordance with the following, main terms:

    1. Transfers may be made on (i) Nasdaq Stockholm or (ii) outside of Nasdaq Stockholm in connection with the acquisition of companies, operations, or assets.
    2. The authorisation may be exercised on one or more occasions before the 2026 Annual General Meeting.
    3. The maximum number of shares that may be transferred corresponds to the number of shares held by the Company at the point in time of the Board of Directors’ decision on transfer.
    4. Transfers of shares on Nasdaq Stockholm (or any other regulated market)  may only be made at a price of no more than 5% above the average trading price of the shares 5 business days prior to the transfer. For transfers outside of Nasdaq Stockholm, the price shall be set so that the transfer is made at market terms, except for delivery of shares in connection with employee stock option programs.
    5. Payment for transferred shares may be made in cash, through in-kind payment, or through set-off against claims with the Company.

    The purpose of the authorisations is to give the Board of Directors greater scope to act and the opportunity to adapt and improve the Company’s capital structure and thereby create further shareholder value, and/or capitalise on or take advantage of any attractive acquisition, investment or related opportunities. The authorisation may also be used in order to enable delivery of shares in connection with employee stock option programs.

    The Board of Directors shall have the right to decide on other terms for repurchases and transfers of own shares in accordance with its authorisation. The Board of Directors also has the right to authorise the Chairman, the CEO, or the person designated by the Board to make such minor adjustments that may be necessary in connection with the execution of the Board’s decision to repurchase or transfer shares.

    A valid resolution in favour of the Board’s proposal requires the approval of shareholders with at least sixty-seven percent (67%) of the votes and shares represented at the Annual General Meeting.

    ITEM 14: RESOLUTION REGARDING AMENDMENTS TO THE COMPANY’S ARTICLES OF ASSOCIATION

    The Board of Directors proposes that the Company’s Articles of Association be amended by deletion of the existing articles 3.6.2, 17.2.7 and 24.12 and the insertion of new articles 3.6.2, 17.2.7 and 24.12 as follows:

    “3.6.2            the Directors may, by unanimous consent only, during any period of two consecutive calendar years, resolve to allot and issue in one or more tranches such number of ordinary shares (including, for the avoidance of doubt, any shares issued pursuant to, in connection with or upon conversion of any subsequently issued convertible bonds) as does not in the aggregate exceed twenty five percent (25%) of the total number of ordinary shares in issue (excluding any ordinary shares held in treasury) at 9am on 1st January of such year (rounded down to the nearest whole share), without the offer, issue  or allotment of such shares or the issue or conversion of any subsequently issued convertible bonds being subject to the provisions of Article 3.2 provided always that any such allotment, issue, or conversion is effected solely in connection with bona fide transactions for business purposes only (and for the avoidance of doubt the terms of this Article 3.6.2 shall not include the issuance of shares or convertible securities as consideration or compensation  for services rendered by employees, consultants, directors, or any other individuals in a personal capacity) and provided further that any issuance or allotment to any natural person pursuant to this Article 3.6.2 shall be subject to the unanimous approval of the remuneration committee as required by and in accordance with the terms of reference for such remuneration committee and shall not in aggregate in any calendar year exceed five percent (5%) of the total number of ordinary shares in issue at the time of such offer;” 

    “17.2.7          the creation of any charge or other security over any assets or property of a Group Company to secure borrowings, or indebtedness in the nature of borrowings, of that Group Company which, when aggregated with all other such borrowings or indebtedness, would exceed £200,000,000 (OTHER THAN in the ordinary course of its Business, and, DISREGARDING any amounts borrowed from other Group Companies) provided always that, subject to applicable law, nothing in these Articles (including without limitation this provision) shall restrict or prevent or be deemed to restrict or prevent the issuance by the Company of any corporate or convertible bonds or other debt instruments on an unsecured basis.”

    “24.12           Notwithstanding anything to the contrary within these Articles, meetings of the Board shall be held at such locations and in such manner, and resolutions of Directors passed in writing shall be signed, so as to cause the Company to:

                         24.12.1    be resident for taxation purposes in Jersey; and

                         24.12.2   comply with the Taxation (Companies – Economic Substance) (Jersey) Law 2019.”,

    (such proposed amendments together, the “Board Proposals”).

    A valid resolution in favour of the Board Proposals requires the approval of shareholders with at least sixty-seven percent (67%) of the votes and shares represented at the Annual General Meeting.

    NUMBER OF SHARES AND VOTES

    The total number of shares in the Company as of the date hereof amounts to 66,678,210 shares, with a corresponding number of votes. The Company holds 883,259 own shares.

    FURTHER INFORMATION

    Copies of accounts, audit report, remuneration report, proxy form, complete proposals and all other relevant documents are available on the Company’s website.

    The shareholders are hereby notified regarding the right to, at the annual general meeting, request information from the Board of Directors and the CEO.

    Jersey, 1 May 2025
     CoinShares International Limited
    The Board of Directors

    About CoinShares

    CoinShares is Europe’s largest and leading digital asset investment and trading group by AuM, managing billions of assets on behalf of a global client base. Our mission is to expand investing into digital assets with our trusted, regulated, best-in-class product suite that provides investors with trust and transparency when accessing cryptocurrencies. We believe that Bitcoin and blockchain networks are landmark innovations that will fundamentally reshape the global financial system and the way we interact digitally, and investors should be able to participate in this transformation. CoinShares is publicly listed on the Nasdaq Stockholm under ticker CS and the OTCQX under the ticker CNSRF. CoinShares has multiple touchpoints with financial regulatory bodies around the world, including the AMF, JFSC and FINRA.

    For more information on CoinShares, please visit: https://coinshares.com
    Company | +44 (0)1534 513 100 | enquiries@coinshares.com
    Investor Relations | +44 (0)1534 513 100 | enquiries@coinshares.com

    Attachments

    The MIL Network –

  • MIL-OSI: Form 8.3 – [GLOBALDATA PLC – Opening Disclosure – 30 04 2025] – (CGAML)

    Source: GlobeNewswire (MIL-OSI)

    FORM 8.3

    PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY
    A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE
    Rule 8.3 of the Takeover Code (the “Code”)

    1.        KEY INFORMATION

    (a)   Full name of discloser: CANACCORD GENUITY ASSET MANAGEMENT LIMITED (for Discretionary clients)
    (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.    		 N/A
    (c)   Name of offeror/offeree in relation to whose relevant securities this form relates:
            Use a separate form for each offeror/offeree    		 GLOBALDATA PLC
    (d)   If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree: N/A
    (e)   Date position held/dealing undertaken:
            For an opening position disclosure, state the latest practicable date prior to the disclosure    		 30 APRIL 2025
    (f)   In addition to the company in 1(c) above, is the discloser 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.        POSITIONS OF THE PERSON MAKING THE DISCLOSURE

    If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security.

    (a)      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: 0.01p ORDINARY
      Interests Short positions
    Number % Number %
    (1)   Relevant securities owned and/or controlled: 11,048,000 1.3692    
    (2)   Cash-settled derivatives:        
    (3)   Stock-settled derivatives (including options) and agreements to purchase/sell:        
    TOTAL: 11,048,000 1.3692    

    All interests and all short positions should be disclosed.

    Details of 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 (Open Positions).

    (b)      Rights to subscribe for new securities (including directors’ and other employee options)

    Class of relevant security in relation to which subscription right exists:  
    Details, including nature of the rights concerned and relevant percentages:  

    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
    None      

    (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
    NONE        

    (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
    NONE              

    (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 subscribing for new securities)

    Class of relevant security Nature of dealing
    e.g. subscription, conversion    		 Details Price per unit (if applicable)
    NONE      

    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

    Details of any agreement, arrangement or understanding, formal or informal, between the person 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

    (c)        Attachments

    Is a Supplemental Form 8 (Open Positions) attached? NO
    Date of disclosure: 01 MAY 2025
    Contact name: MARK ELLIOTT
    Telephone number: 01253 376539

    Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service.

    The Panel’s Market Surveillance Unit is available for consultation in relation to the Code’s 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: Form 8.3 – [GLOBALDATA PLC – 30 04 2025] – (CGWL)

    Source: GlobeNewswire (MIL-OSI)

    FORM 8.3

    PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY
    A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE
    Rule 8.3 of the Takeover Code (the “Code”)

    1.        KEY INFORMATION

    (a)   Full name of discloser: CANACCORD GENUITY WEALTH LIMITED (for Discretionary clients)
    (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.    		 N/A
    (c)   Name of offeror/offeree in relation to whose relevant securities this form relates:
            Use a separate form for each offeror/offeree    		 GLOBALDATA PLC
    (d)   If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree: N/A
    (e)   Date position held/dealing undertaken:
            For an opening position disclosure, state the latest practicable date prior to the disclosure    		 30 APRIL 2025
    (f)   In addition to the company in 1(c) above, is the discloser 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.        POSITIONS OF THE PERSON MAKING THE DISCLOSURE

    If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security.

    (a)      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: 0.01p ORDINARY
      Interests Short positions
    Number % Number %
    (1)   Relevant securities owned and/or controlled: 11,085,705 1.3738    
    (2)   Cash-settled derivatives:        
    (3)   Stock-settled derivatives (including options) and agreements to purchase/sell:        
    TOTAL: 11,085,705 1.3738    

    All interests and all short positions should be disclosed.

    Details of 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 (Open Positions).

    (b)      Rights to subscribe for new securities (including directors’ and other employee options)

    Class of relevant security in relation to which subscription right exists:  
    Details, including nature of the rights concerned and relevant percentages:  

    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
    0.01p ORDINARY SALE 530 147.26p
    0.01p ORDINARY PURCHASE 25,000 174.15p

    (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
    NONE        

    (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
    NONE              

    (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 subscribing for new securities)

    Class of relevant security Nature of dealing
    e.g. subscription, conversion    		 Details Price per unit (if applicable)
    NONE      

    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

    Details of any agreement, arrangement or understanding, formal or informal, between the person 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

    (c)        Attachments

    Is a Supplemental Form 8 (Open Positions) attached? NO
    Date of disclosure: 01 MAY 2025
    Contact name: MARK ELLIOTT
    Telephone number: 01253 376539

    Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service.

    The Panel’s Market Surveillance Unit is available for consultation in relation to the Code’s 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: Lloyds Bank PLC: 2025 Q1 Interim Management Statement

    Source: GlobeNewswire (MIL-OSI)

    LONDON, May 01, 2025 (GLOBE NEWSWIRE) —

    Lloyds Bank plc
    Q1 2025 Interim Management Statement
    1 May 2025

    Member of the Lloyds Banking Group

    FORWARD LOOKING STATEMENTS

    This document contains certain forward-looking statements within the meaning of Section 21E of the US Securities Exchange Act of 1934, as amended, and section 27A of the US Securities Act of 1933, as amended, with respect to the business, strategy, plans and/or results of Lloyds Bank plc together with its subsidiaries (the Lloyds Bank Group) and its current goals and expectations. Statements that are not historical or current facts, including statements about the Lloyds Bank Group’s or its directors’ and/or management’s beliefs and expectations, are forward-looking statements. Words such as, without limitation, ‘believes’, ‘achieves’, ‘anticipates’, ‘estimates’, ‘expects’, ‘targets’, ‘should’, ‘intends’, ‘aims’, ‘projects’, ‘plans’, ‘potential’, ‘will’, ‘would’, ‘could’, ‘considered’, ‘likely’, ‘may’, ‘seek’, ‘estimate’, ‘probability’, ‘goal’, ‘objective’, ‘deliver’, ‘endeavour’, ‘prospects’, ‘optimistic’ and similar expressions or variations on these expressions are intended to identify forward-looking statements. These statements concern or may affect future matters, including but not limited to: projections or expectations of the Lloyds Bank Group’s future financial position, including profit attributable to shareholders, provisions, economic profit, dividends, capital structure, portfolios, net interest margin, capital ratios, liquidity, risk-weighted assets (RWAs), expenditures or any other financial items or ratios; litigation, regulatory and governmental investigations; the Lloyds Bank Group’s future financial performance; the level and extent of future impairments and write-downs; the Lloyds Bank Group’s ESG targets and/or commitments; statements of plans, objectives or goals of the Lloyds Bank Group or its management and other statements that are not historical fact and statements of assumptions underlying such statements. By their nature, forward-looking statements involve risk and uncertainty because they relate to events and depend upon circumstances that will or may occur in the future. Factors that could cause actual business, strategy, targets, plans and/or results (including but not limited to the payment of dividends) to differ materially from forward-looking statements include, but are not limited to: general economic and business conditions in the UK and internationally (including in relation to tariffs); imposed and threatened tariffs and changes to global trade policies; acts of hostility or terrorism and responses to those acts, or other such events; geopolitical unpredictability; the war between Russia and Ukraine; the conflicts in the Middle East; the tensions between China and Taiwan; political instability including as a result of any UK general election; market related risks, trends and developments; changes in client and consumer behaviour and demand; exposure to counterparty risk; the ability to access sufficient sources of capital, liquidity and funding when required; changes to the Lloyds Bank Group’s or Lloyds Banking Group plc’s credit ratings; fluctuations in interest rates, inflation, exchange rates, stock markets and currencies; volatility in credit markets; volatility in the price of the Lloyds Bank Group’s securities; natural pandemic and other disasters; risks concerning borrower and counterparty credit quality; risks affecting defined benefit pension schemes; changes in laws, regulations, practices and accounting standards or taxation; changes to regulatory capital or liquidity requirements and similar contingencies; the policies and actions of governmental or regulatory authorities or courts together with any resulting impact on the future structure of the Lloyds Bank Group; risks associated with the Lloyds Bank Group’s compliance with a wide range of laws and regulations; assessment related to resolution planning requirements; risks related to regulatory actions which may be taken in the event of a bank or Lloyds Bank Group or Lloyds Banking Group failure; exposure to legal, regulatory or competition proceedings, investigations or complaints; failure to comply with anti-money laundering, counter terrorist financing, anti-bribery and sanctions regulations; failure to prevent or detect any illegal or improper activities; operational risks including risks as a result of the failure of third party suppliers; conduct risk; technological changes and risks to the security of IT and operational infrastructure, systems, data and information resulting from increased threat of cyber and other attacks; technological failure; inadequate or failed internal or external processes or systems; risks relating to ESG matters, such as climate change (and achieving climate change ambitions) and decarbonisation, including the Lloyds Bank Group’s or the Lloyds Banking Group’s ability along with the government and other stakeholders to measure, manage and mitigate the impacts of climate change effectively, and human rights issues; the impact of competitive conditions; failure to attract, retain and develop high calibre talent; the ability to achieve strategic objectives; the ability to derive cost savings and other benefits including, but without limitation, as a result of any acquisitions, disposals and other strategic transactions; inability to capture accurately the expected value from acquisitions; and assumptions and estimates that form the basis of the Lloyds Bank Group’s financial statements. A number of these influences and factors are beyond the Lloyds Bank Group’s control. Please refer to the latest Annual Report on Form 20-F filed by Lloyds Bank plc with the US Securities and Exchange Commission (the SEC), which is available on the SEC’s website at www.sec.gov, for a discussion of certain factors and risks. Lloyds Bank plc may also make or disclose written and/or oral forward-looking statements in other written materials and in oral statements made by the directors, officers or employees of Lloyds Bank plc to third parties, including financial analysts. Except as required by any applicable law or regulation, the forward-looking statements contained in this document are made as of today’s date, and the Lloyds Bank Group expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained in this document whether as a result of new information, future events or otherwise. The information, statements and opinions contained in this document do not constitute a public offer under any applicable law or an offer to sell any securities or financial instruments or any advice or recommendation with respect to such securities or financial instruments.

    FINANCIAL REVIEW

    Income statement

    The Group’s profit before tax for the first three months of 2025 was £1,177 million, 26% lower than the same period in 2024. This was driven by higher operating expenses and a higher impairment charge. Profit after tax was £881 million (three months to 31 March 2024: £1,159 million).

    Total income for the first three months of 2025 was £4,371 million, broadly in line with the same period in 2024 (three months to 31 March 2024: £4,385 million). Net interest income of £3,244 million was up 4% on the prior year (three months to 31 March 2024: £3,127 million), driven by a higher margin and higher average interest-earning assets. Other income decreased by 10% to £1,127 million (three months to 31 March 2024: £1,258 million). The decrease in other income reflected improved performance in UK Motor Finance, with fleet growth and higher average vehicle rental values, which was more than offset by negative market volatility and a reduction in income from fellow Lloyds Banking Group undertakings.

    Total operating expenses of £2,884 million were 6% higher than in the prior year. This reflects higher costs, combining inflationary pressures, timing of strategic investment including planned higher severance front-loaded into the first quarter of 2025 and business growth costs, partly offset by cost savings and continued cost discipline. This is alongside higher operating lease depreciation, as a result of fleet growth, the depreciation of higher value vehicles and declines in used electric car prices over 2024.

    No net remediation charge was recognised by the Group in the first three months of 2025 (three months to 31 March 2024: £25 million). There have been no further charges relating to motor finance commission arrangements. The Supreme Court heard the appeal of the Wrench, Johnson and Hopcraft decision in early April and has stated that it is likely to produce its judgment in July. The FCA has indicated that the decision will inform its next steps in the discretionary commission arrangements (DCA) review and that it will confirm within six weeks of the decision if it is proposing a redress scheme and if so, how it will take that forward. The FCA has also noted that its next steps on non-DCA complaints will be informed by the decision.

    The impairment charge was £310 million, up from £70 million in the three months to 31 March 2024. Asset quality remained resilient in the quarter. The charge included strong portfolio performance in Retail, more than offset by a higher charge in Commercial Banking, partly due to the non-recurrence of a release from loss rates used in the model in 2024. The charge also included a £100 million central adjustment to address downside risks to the base case related to the potential impact from US tariff policies announced at the start of April. These were becoming apparent around the balance sheet date and were determined to not be fully captured within the modelled divisional ECL allowances. This is partially offset by benefits to the MES from small increases to house price and wage growth expectations.

    FINANCIAL REVIEW (continued)

    Balance sheet

    Total assets were £5,143 million, or 1%, higher at £616,356 million at 31 March 2025 (31 December 2024: £611,213 million).

    Financial assets at amortised cost were £3,135 million higher at £508,032 million (31 December 2024: £504,897 million) with increases in loans and advances to customers. This included growth of £4,807 million in UK mortgages and growth across UK Retail unsecured loans, credit cards, UK Motor Finance and the European retail business. Lending balances reduced in Commercial Banking as a result of repayments of government-backed lending. The growth in loans and advances to customers was partly offset by a £908 million reduction in reverse repurchase agreements, a £302 million reduction in loans and advances to banks and a £1,474 million reduction in debt securities.

    Cash and balances at central banks decreased 1% to £42,000 million. Financial assets held at fair value through profit or loss increased by £733 million, due to increased reverse repurchase agreements. Derivative financial assets were £520 million lower at £3,715 million (31 December 2024: £4,235 million), driven by interest rate and currency movements in the period. Financial assets at fair value through other comprehensive income were stable in the period at £30,682 million. Other assets were £1,853 million higher, primarily reflecting increased settlement balances.

    Total liabilities were £3,230 million higher at £574,696 million (31 December 2024: £571,466 million). Customer deposits of £456,574 million increased in the period by £4,780 million. Retail deposits increased by £2,637 million in the period, driven by net inflows to limited withdrawal and fixed term deposits alongside higher current account balances. Commercial Banking deposits were up in the quarter, aided by short term balances.

    Other liabilities increased by £1,034 million reflecting increased settlement balances, while debt securities in issue decreased by £2,789 million, with higher levels of maturities in the period.

    Total equity increased to £41,660 million at 31 March 2025 (31 December 2024: £39,747 million). The increase primarily reflected profit attributable to ordinary shareholders alongside unwind of the cash flow hedge reserve and issuance of an AT1 capital instrument in February 2025 to Lloyds Banking Group plc.

    Capital

    The Group’s common equity tier 1 (CET1) capital ratio reduced to 13.6% at 31 March 2025 from 13.7% at 31 December 2024. Profit for the first three months of the year was offset by the accrual for foreseeable ordinary dividends and an increase in risk-weighted assets.

    The Group’s total capital ratio at 31 March 2025 remained at 19.9% (31 December 2024: 19.9%). The increase in CET1 capital and the issuance of a new AT1 capital instrument were offset by the increase in risk-weighted assets and a reduction in tier 2 capital reflecting an instrument call and other movements.

    Risk-weighted assets increased by £3,955 million to £190,951 million at 31 March 2025 from £186,996 million at 31 December 2024. This reflects the impact of lending growth, but also includes a temporary c.£2.5 billion increase primarily due to hedging activity that is expected to reverse by the third quarter. The growth in risk-weighted assets was partly offset by continued optimisation activity and other movements.

    The Group’s UK leverage ratio increased to 5.5% at 31 March 2025 from 5.4% at 31 December 2024, reflecting an increase in the total tier 1 capital position, partially offset by an increase in the leverage exposure measure. The latter reflects increases across loans and advances and other assets, due in part to lending growth, partially offset by a reduction in the measure for securities financing transactions.

     
    CONDENSED CONSOLIDATED INCOME STATEMENT (UNAUDITED)
               
      Three
    months
    ended
    31 Mar
    2025
    £m    		     Three
    months
    ended
    31 Mar
    2024
    £m    		  
           
    Net interest income 3,244     3,127  
    Other income 1,127     1,258  
    Total income 4,371     4,385  
    Operating expenses (2,884 )   (2,728 )
    Impairment (310 )   (70 )
    Profit before tax 1,177     1,587  
    Tax expense (296 )   (428 )
    Profit after tax 881     1,159  
           
    Profit attributable to ordinary shareholders 774     1,069  
    Profit attributable to other equity holders 98     86  
    Profit attributable to equity holders 872     1,155  
    Profit attributable to non-controlling interests 9     4  
    Profit after tax 881     1,159  
               
     
    CONDENSED CONSOLIDATED BALANCE SHEET (UNAUDITED)
               
      At 31 Mar
    2025
    £m    		     At 31 Dec
    2024
    £m    		  
               
    Assets          
    Cash and balances at central banks 42,000     42,396  
    Financial assets at fair value through profit or loss 3,054     2,321  
    Derivative financial instruments 3,715     4,235  
    Financial assets at amortised cost 508,032     504,897  
    Financial assets at fair value through other comprehensive income 30,682     30,344  
    Other assets 28,873     27,020  
    Total assets 616,356     611,213  
    Liabilities          
    Deposits from banks 3,899     3,144  
    Customer deposits 456,574     451,794  
    Repurchase agreements 38,474     37,760  
    Due to fellow Lloyds Banking Group undertakings 3,981     4,049  
    Financial liabilities at fair value through profit or loss 4,538     4,630  
    Derivative financial instruments 5,327     5,787  
    Debt securities in issue at amortised cost 42,492     45,281  
    Other liabilities 12,844     11,810  
    Subordinated liabilities 6,567     7,211  
    Total liabilities 574,696     571,466  
    Total equity 41,660     39,747  
    Total equity and liabilities 616,356     611,213  
               

    ADDITIONAL FINANCIAL INFORMATION

    1.  Basis of presentation

    This release covers the results of Lloyds Bank plc together with its subsidiaries (the Group) for the three months ended 31 March 2025.

    The Group’s Q1 2025 Interim Pillar 3 Disclosures can be found at: www.lloydsbankinggroup.com/investors/financial-downloads.html.

    Accounting policies

    The accounting policies are consistent with those applied by the Group in its 2024 Annual Report and Accounts.

    2.  Loans and advances to customers and expected credit loss allowance

    At 31 March 2025 Stage 1
    £m    		     Stage 2
    £m    		   Stage 3
    £m    		   POCI
    £m    		   Total
    £m    		     Stage 2
    as % of
    total    		   Stage 3
    as % of
    total
    Loans and advances to customers                          
    UK mortgages 275,816     31,912   4,137   6,016   317,881     10.0   1.3
    Credit cards 13,875     2,327   261   –   16,463     14.1   1.6
    UK unsecured loans and overdrafts 9,660     1,325   171   –   11,156     11.9   1.5
    UK Motor Finance 14,197     2,491   131   –   16,819     14.8   0.8
    Other 18,462     471   151   –   19,084     2.5   0.8
    Retail 332,010     38,526   4,851   6,016   381,403     10.1   1.3
    Business and Commercial Banking 25,778     2,946   1,160   –   29,884     9.9   3.9
    Corporate and Institutional Banking 36,705     2,528   1,007   –   40,240     6.3   2.5
    Commercial Banking 62,483     5,474   2,167   –   70,124     7.8   3.1
    Other1 (414 )   –   –   –   (414 )        
    Total gross lending 394,079     44,000   7,018   6,016   451,113     9.8   1.6
                               
    Customer related ECL allowance (drawn and undrawn)
    UK mortgages 52     245   322   179   798          
    Credit cards 199     308   130   –   637          
    UK unsecured loans and overdrafts 167     240   114   –   521          
    UK Motor Finance2 170     118   75   –   363          
    Other 14     14   38   –   66          
    Retail 602     925   679   179   2,385          
    Business and Commercial Banking 133     183   172   –   488          
    Corporate and Institutional Banking 108     149   323   –   580          
    Commercial Banking 241     332   495   –   1,068          
    Other3 50     50   –   –   100          
    Total 893     1,307   1,174   179   3,553          
                               
    Customer related ECL allowance (drawn and undrawn) as a percentage of loans and advances to customers
      Stage 1
    %    		     Stage 2
    %    		   Stage 3
    %    		   POCI
    %    		   Total
    %    		          
    UK mortgages –     0.8   7.8   3.0   0.3          
    Credit cards 1.4     13.2   49.8   –   3.9          
    UK unsecured loans and overdrafts 1.7     18.1   66.7   –   4.7          
    UK Motor Finance 1.2     4.7   57.3   –   2.2          
    Other 0.1     3.0   25.2   –   0.3          
    Retail 0.2     2.4   14.0   3.0   0.6          
    Business and Commercial Banking 0.5     6.2   14.8   –   1.6          
    Corporate and Institutional Banking 0.3     5.9   32.1   –   1.4          
    Commercial Banking 0.4     6.1   22.8   –   1.5          
    Other         –   –            
    Total 0.2     3.0   16.7   3.0   0.8          
                                   

    1 Contains central fair value hedge accounting adjustments.
    2 UK Motor Finance includes £178 million relating to provisions against residual values of vehicles subject to finance leases.
    3 Other includes a £100 million central adjustment that has not been allocated to specific portfolios.

    ADDITIONAL FINANCIAL INFORMATION (continued)

    3.  UK economic assumptions

    Base case and MES economic assumptions

    The Group’s base case scenario is for a slow expansion in gross domestic product (GDP) and a modest rise in the unemployment rate alongside small gains in residential and commercial property prices. Inflationary pressures remain persistent, but gradual cuts in UK Bank Rate are expected to continue during 2025. Risks around this base case economic view lie in both directions and are largely captured by the generation of alternative economic scenarios.

    The Group has taken into account the latest available information at the reporting date in defining its base case scenario and generating alternative economic scenarios. The scenarios include forecasts for key variables as of the first quarter of 2025. Actuals for this period, or restatements of past data, may have since emerged prior to publication and have not been included. The Group’s approach to generating alternative economic scenarios is set out in detail in note 19 to the financial statements of the Group’s 2024 annual report and accounts.

    The Group had included assumptions for expected tariffs and potential responses in its quarter-end base case conditioning assumptions prior to announcements at the start of April. Initial non-UK tariffs announced in the first few days of April and the immediate market response were larger than expected. Accordingly, the Group has adopted a £100 million central adjustment to reflect the potential ECL impact, informed by high level sensitivity to key UK economic metrics based on tariff scenarios. Subsequent developments through April were judged to relate to conditions after the balance sheet date and will be reflected in the second quarter reporting period.

    UK economic assumptions – base case scenario by quarter

    Key quarterly assumptions made by the Group in the base case scenario are shown below. GDP growth is presented quarter-on-quarter. House price growth, commercial real estate price growth and CPI inflation are presented year-on-year, i.e. from the equivalent quarter in the previous year. Unemployment rate and UK Bank Rate are presented as at the end of each quarter.

    At 31 March 2025 First
    quarter
    2025
    %    		 Second
    quarter
    2025
    %    		 Third
    quarter
    2025
    %    		 Fourth
    quarter
    2025
    %    		 First
    quarter
    2026
    %    		 Second
    quarter
    2026
    %    		 Third
    quarter
    2026
    %    		 Fourth
    quarter
    2026
    %
                     
    Gross domestic product growth 0.2 0.2 0.3 0.3 0.4 0.4 0.4 0.4
    Unemployment rate 4.6 4.7 4.8 4.8 4.8 4.8 4.8 4.8
    House price growth 3.8 3.8 2.4 1.7 1.3 1.7 1.9 1.8
    Commercial real estate price growth 2.6 2.8 2.7 1.3 0.9 0.7 0.8 1.1
    UK Bank Rate 4.50 4.25 4.00 4.00 3.75 3.75 3.50 3.50
    CPI inflation 2.8 3.6 3.6 3.5 3.0 2.8 2.6 2.7
                     

    ADDITIONAL FINANCIAL INFORMATION (continued)

    3.  UK economic assumptions (continued)

    UK economic assumptions – scenarios by year

    Key annual assumptions made by the Group are shown below. GDP growth and CPI inflation are presented as an annual change, house price growth and commercial real estate price growth are presented as the growth in the respective indices within the period. Unemployment rate and UK Bank Rate are averages for the period.

    At 31 March 2025 2025
    %    		   2026
    %    		   2027
    %    		   2028
    %    		   2029
    %    		   2025-2029
    average
    %    		  
                 
    Upside            
    Gross domestic product growth 1.3   2.2   1.6   1.5   1.4   1.6  
    Unemployment rate 4.1   3.2   3.1   3.1   3.2   3.3  
    House price growth 2.9   5.9   6.8   5.4   4.3   5.1  
    Commercial real estate price growth 6.1   5.7   2.6   1.0   0.4   3.2  
    UK Bank Rate 4.43   4.72   4.86   5.06   5.20   4.85  
    CPI inflation 3.3   2.8   2.8   3.1   3.0   3.0  
                 
    Base case            
    Gross domestic product growth 0.8   1.4   1.6   1.6   1.5   1.3  
    Unemployment rate 4.7   4.8   4.6   4.5   4.5   4.6  
    House price growth 1.7   1.8   1.9   2.5   2.9   2.1  
    Commercial real estate price growth 1.3   1.1   1.2   0.6   0.3   0.9  
    UK Bank Rate 4.19   3.63   3.50   3.50   3.50   3.66  
    CPI inflation 3.4   2.8   2.5   2.5   2.4   2.7  
                 
    Downside            
    Gross domestic product growth (0.2 ) (0.9 ) 0.9   1.5   1.5   0.6  
    Unemployment rate 5.6   7.4   7.6   7.3   7.0   7.0  
    House price growth 0.5   (3.4 ) (6.7 ) (4.2 ) (1.1 ) (3.0 )
    Commercial real estate price growth (4.7 ) (5.7 ) (1.7 ) (2.2 ) (2.3 ) (3.4 )
    UK Bank Rate 3.83   1.67   0.96   0.65   0.42   1.51  
    CPI inflation 3.4   2.8   2.0   1.5   1.0   2.1  
                 
    Severe downside            
    Gross domestic product growth (1.1 ) (2.3 ) 0.7   1.4   1.5   0.0  
    Unemployment rate 6.8   10.0   10.2   9.7   9.3   9.2  
    House price growth (0.6 ) (8.4 ) (13.8 ) (9.6 ) (5.0 ) (7.6 )
    Commercial real estate price growth (12.5 ) (13.3 ) (7.1 ) (5.7 ) (4.9 ) (8.8 )
    UK Bank Rate – modelled 3.38   0.39   0.09   0.03   0.01   0.78  
    UK Bank Rate – adjusted1 4.25   2.94   2.80   2.76   2.75   3.10  
    CPI inflation – modelled 3.4   2.5   1.3   0.4   (0.2 ) 1.5  
    CPI inflation – adjusted1 3.8   3.8   3.2   2.7   2.4   3.2  
                 
    Probability-weighted            
    Gross domestic product growth 0.5   0.6   1.3   1.5   1.5   1.1  
    Unemployment rate 5.0   5.6   5.6   5.4   5.4   5.4  
    House price growth 1.4   0.5   (0.8 ) 0.1   1.3   0.5  
    Commercial real estate price growth (0.4 ) (1.0 ) (0.1 ) (0.7 ) (1.0 ) (0.6 )
    UK Bank Rate – modelled 4.07   3.04   2.81   2.76   2.74   3.08  
    UK Bank Rate – adjusted1 4.16   3.30   3.08   3.04   3.01   3.32  
    CPI inflation – modelled 3.4   2.7   2.3   2.1   1.9   2.5  
    CPI inflation – adjusted1 3.4   2.9   2.5   2.4   2.2   2.7  
                             
    1 The adjustment to UK Bank Rate and CPI inflation in the severe downside is considered to better reflect the risks to the Group’s base case view in an economic environment where the risks of supply and demand shocks are seen as more balanced.
                             

    CONTACTS

    For further information please contact:

    INVESTORS AND ANALYSTS
    Douglas Radcliffe
    Group Investor Relations Director
    020 7356 1571
    douglas.radcliffe@lloydsbanking.com

    Rohith Chandra-Rajan
    Director of Investor Relations
    07786 988936
    rohith.chandra-rajan@lloydsbanking.com

    Nora Thoden
    Director of Investor Relations – ESG
    020 7356 2334
    nora.thoden@lloydsbanking.com

    Tom Grantham
    Investor Relations Senior Manager
    07851 440 091
    thomas.grantham@lloydsbanking.com

    Sarah Robson
    Investor Relations Senior Manager
    07494 513 983
    sarah.robson2@lloydsbanking.com

    CORPORATE AFFAIRS
    Matt Smith
    Head of Media Relations
    07788 352 487
    matt.smith@lloydsbanking.com

    Emma Fairhurst
    Media Relations Senior Manager
    07814 395 855
    emma.fairhurst@lloydsbanking.com

    Copies of this Interim Management Statement may be obtained from:
    Investor Relations, Lloyds Banking Group plc, 33 Old Broad Street, London, EC2N 1HZ
    The statement can also be found on the Group’s website – www.lloydsbankinggroup.com

    Registered office: Lloyds Bank plc, 25 Gresham Street, London, EC2V 7HN
    Registered in England No. 2065

    This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

    The MIL Network –

  • MIL-OSI: Cyabra to Participate in Upcoming Investor Conferences in May

    Source: GlobeNewswire (MIL-OSI)

    New York, NY, May 01, 2025 (GLOBE NEWSWIRE) — Cyabra Strategy Ltd. (“Cyabra”), a leading AI platform for real-time disinformation detection, today announced its participation at the following investor conferences in May:

    20th Annual Needham Technology, Media, & Consumer Virtual Conference

    Participants: Dan Brahmy, Co-Founder and Chief Executive Officer, and Yael Sandler, Chief Financial Officer.

    Format: Company management will be available for virtual one-on-one meetings throughout the day. To schedule a meeting, please contact your Needham representative directly.

    When: Monday, May 12.

    The Ladenburg Thalmann Technology Innovation EXPO25

    Participant: Dan Brahmy, Co-Founder and Chief Executive Officer.

    Format: Company presentation and one-on-one meetings.

    When: Wednesday, May 21, in New York, NY, with the company presenting at 11:30am ET.

    About Cyabra

    Cyabra is a real-time AI-powered platform that uncovers and analyzes online disinformation and misinformation by uncovering fake profiles, harmful narratives, and GenAI content across social media and digital news channels. Cyabra’s AI solutions protect corporations and governments against brand reputation risks, election manipulation, foreign interference, and other online threats. Cyabra’s platform leverages proprietary algorithms and NLP solutions, gathering and analyzing publicly available data to provide clear, actionable insights and real-time alerts that inform critical decision-making. Cyabra uncovers the good, bad, and fake online.

    Cyabra has entered into a business combination agreement (the “Business Combination Agreement”) with Trailblazer Merger Corporation I (NASDAQ: TBMC) (“Trailblazer”), a blank-check special-purpose acquisition company.

    For more information, visit www.cyabra.com.

    Investor Relations Contact:
    Miri Segal
    MS-IR
    msegal@ms-ir.com

    Media Contact:
    Jill Burkes
    Jill@cyabra.com
    Signal Contact: Jillabra.24

    About Trailblazer

    Trailblazer Merger Corporation I (Nasdaq: TBMC) is a blank check company formed and entered into a merger, shared exchange, asset acquisition, stock purchase, recapitalization, reorganization, or other similar business combination with one or more businesses or entities. For more information, visit: www.trailblazermergercorp.com

    Forward-Looking Statements

    This press release contains certain forward-looking statements within the meaning of the federal securities laws with respect to certain products that will be the subject of a proposed transaction between Trailblazer Merger Corporation I (“Trailblazer”) and Cyabra Strategy Ltd. (“Cyabra”). All statements other than statements of historical facts contained in this press release, including statements regarding Cyabra’s business strategy, products, research and development costs, plans and objectives of management for future operations, and future results of current and anticipated product offerings, are forward-looking statements. These forward-looking statements generally are identified by the words “believe,” “project,” “expect,” “anticipate,” “estimate,” “intend,” “strategy,” “future,” “opportunity,” “plan,” “may,” “should,” “will,” “would,” “will be,” “will continue,” “will likely result,” and similar expressions. These forward-looking statements are subject to a number of risks, uncertainties and assumptions, including, but not limited to, the following risks relating to the proposed transaction: the ability to complete the Business Combination or, if Trailblazer does not consummate such Business Combination, any other initial business combination; expectations regarding Cyabra’s strategies and future financial performance, including its future business plans or objectives, prospective performance and opportunities and competitors, revenues, products and services, pricing, operating expenses, market trends, liquidity, cash flows and uses of cash, capital expenditures, and Cyabra’s ability to invest in growth initiatives and pursue acquisition opportunities; the occurrence of any event, change or other circumstances that could give rise to the termination of the Business Combination Agreement; the outcome of any legal proceedings that may be instituted against Trailblazer or Cyabra following announcement of the Business Combination Agreement and the transactions contemplated therein; the inability to complete the proposed Business Combination due to, among other things, the failure to obtain Trailblazer stockholder approval; the risk that the announcement and consummation of the proposed Business Combination disrupts Cyabra’s current operations and future plans; the ability to recognize the anticipated benefits of the proposed Business Combination; unexpected costs related to the proposed Business Combination; the amount of any redemptions by existing holders of Trailblazer’s common stock being greater than expected; limited liquidity and trading of Trailblazer’s securities; geopolitical risk and changes in applicable laws or regulations; the size of the addressable markets for Cyabra’s products and services; the possibility that Trailblazer and/or Cyabra may be adversely affected by other economic, business, and/or competitive factors; the ability to obtain and/or maintain the listing of Combined Company’s Common Stock on Nasdaq following the Business Combination; operational risk; and the risks that the consummation of the proposed Business Combination is substantially delayed or does not occur.

    Important Information for Investors and Stockholders

    An affiliate of Trailblazer has filed a registration statement on Form S-4 (the “Registration Statement”) with the SEC which includes a preliminary proxy statement of Trailblazer and a preliminary prospectus of the affiliate. Once the Registration Statement has been declared effective, a definitive Proxy Statement/Prospectus will be mailed to Trailblazer’s shareholders as of a record date to be established for voting on the merger. Trailblazer and its affiliates may also file other relevant documents regarding the merger with the SEC. Trailblazer’s shareholders and other interested persons are advised to read the preliminary Proxy Statement/Prospectus and any amendments thereto and, once available, the definitive Proxy Statement/Prospectus, in connection with Trailblazer’s solicitation of proxies for its special meeting of shareholders to be held to approve, among other things, the merger, because these documents will contain important information about the parties to the merger. Shareholders may also obtain a copy of any preliminary or definitive proxy statement, once available, as well as other documents filed with the SEC regarding the merger and other documents filed with the SEC by Parent and its affiliates, without charge, at the SEC’s website located at www.sec.gov or by directing a request to: Trailblazer’s Chief Development Officer at 510 Madison Avenue, Suite 1401, New York, NY 10022.

    Participants in the Solicitation

    Cyabra, Trailblazer, and their respective directors and executive officers may be deemed participants in the solicitation of proxies from Trailblazer stockholders regarding the transaction. Information about Trailblazer’s directors and executive officers and their ownership of Trailblazer’s securities is set forth in Trailblazer’s most recent Annual Report on Form 10-K filed with the SEC, as modified or supplemented by any Form 3 or Form 4 filed with the SEC since the date of such filing. Other information regarding the interests of the participants in the proxy solicitation will be included in the proxy statement/prospectus pertaining to the proposed Transactions when it becomes available.

    No Offer or Solicitation

    This press release does not constitute an offer to sell or a solicitation of an offer to buy any securities, or a solicitation of any vote or approval. No sale of securities shall occur in any jurisdiction in which such offer, solicitation, or sale would be unlawful before registration or qualification under applicable laws.

    The MIL Network –

  • MIL-OSI: Snail Games Reports April 2025 Momentum with Key Franchise Expansions, New Indie Horror IP Releases, and Strategic Publishing Growth

    Source: GlobeNewswire (MIL-OSI)

    CULVER CITY, Calif., May 01, 2025 (GLOBE NEWSWIRE) — Snail, Inc. (Nasdaq: SNAL) (“Snail Games” or the “Company”), a leading global independent developer and publisher of interactive digital entertainment, today highlighted major milestones across its portfolio for April 2025, including expansions within the ARK franchise, a content milestone for Bellwright, and multiple IP launches under Wandering Wizard, the Company’s independent indie publishing label.

    ARK Franchise Strengthens with New Content
    Snail Games continued to build on the momentum of its flagship sandbox survival IP with two major content updates:

    • Eggcellent Adventure Returns to ARK: Survival Ascended
      The seasonal Eggcellent Adventure event reinforces seasonal events as a key strategy for retention and re-engagement.
    • Extinction Map Launches in ARK: Ultimate Mobile Edition
      The rollout of the Extinction map on mobile represents a continued push into high-growth mobile markets. This update supports Snail Games’ long-term vision of delivering premium survival experiences across multiple platforms, making the IP more accessible to a broader audience of players.

    In addition to new content releases, Snail Games continues to prepare for the 10-year anniversary of its flagship ARK: Survival Evolved, with the anticipated upcoming release of its new expansion map DLC, ARK: Aquatica.

    Bellwright Marks One Year in Early Access with Major Update
    April 2025 also marked the one-year Early Access anniversary for Bellwright. The update introduced significant new content and player-requested features. With a growing player base and positive community sentiment, Bellwright reflects Snail’s commitment to long-term support and scalable IP growth.

    Notable Update Features include:

    • Animal Husbandry & Advanced Resource Systems
      Players can now raise livestock through new husbandry structures, producing essential resources like milk, eggs, and meat. Paired with the new Butchery system, this deepens the economy and rewards strategic village management.
    • Fishing & Exploration Enhancements
      A full-featured fishing system with diverse fish types, mini-games, and a Fishing Hut adds immersive gameplay variety. New locations, including caves, swamps, and mountain trails, further expand the world’s exploration potential.
    • Quality-of-Life Upgrades & Narrative Expansion
      A major crafting UI overhaul, savable squad rosters, and over 25 new quests enhance both accessibility and long-term player retention.

    Wandering Wizard Celebrates New Game Launches and Acquisition
    Snail Inc’s indie publishing label Wandering Wizard deepened its footprint in the horror space with two notable releases and a strategic publishing deal.

    • Launches of The Cecil: The Journey Begins and Chasmal Fear
      In April 2025, Wandering Wizard expanded its catalog with the launch of two horror titles, The Cecil: The Journey Begins and Chasmal Fear. Both games highlight the creativity and passion of small indie teams — with The Cecil: The Journey Begins crafted by a solo developer and Chasmal Fear brought to life by a duo of brothers. These releases underscore Wandering Wizard’s commitment to empowering independent creators and bringing bold, fresh voices to the gaming community.
    • Publishing Rights Secured for Whispers of West Grove
      The acquisition of publishing rights to Whispers of West Grove adds another indie horror experience to the Wandering Wizard portfolio, aligning with Snail Games’ strategy of identifying high-potential indie IPs with organic audience momentum.

    These achievements reflect Snail Games’ continued execution across its core franchises, emerging IPs, and strategic publishing initiatives. As the Company moves into the second quarter, it remains focused on the 10-year anniversary of ARK: Survival Evolved, the anticipated launch of the ARK: Aquatica DLC, expanding its global reach, investing in scalable growth opportunities, and delivering fresh experiences that engage players across multiple platforms and genres.

    For Creators interested in collaborative opportunities reach out to creatordirect@noiz.gg

    For media inquiries, interview requests, or additional details, please contact: press@snailgamesusa.com

    About Snail, Inc.
    Snail, Inc. (Nasdaq: SNAL) is a leading, global independent developer and publisher of interactive digital entertainment for consumers around the world, with a premier portfolio of premium games designed for use on a variety of platforms, including consoles, PCs, and mobile devices. For more information, please visit: https://snail.com/.

    Forward-Looking Statements
    This press release contains statements that constitute forward-looking statements. Many of the forward-looking statements contained in this press release can be identified by the use of forward-looking words such as “anticipate,” “believe,” “could,” “expect,” “should,” “plan,” “intend,” “may,” “predict,” “continue,” “estimate” and “potential,” or the negative of these terms or other similar expressions. Forward-looking statements appear in a number of places in this press release and include, but are not limited to, statements regarding expansions within the ARK franchise, development of new content, a content milestone for Bellwright, and multiple IP launches under Wandering Wizard, the Company’s independent indie publishing label. You should carefully consider the risks and uncertainties described in the “Risk Factors” section of the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2024, which was filed by the Company with the SEC on March 26, 2025 and other documents filed by the Company from time to time with the SEC, including the Company’s Forms 10-Q filed with the SEC. The Company does not undertake or accept any obligation to release publicly any updates or revisions to any forward-looking statements to reflect any change in its expectations or any change in events, conditions, or circumstances on which any such statement is based.

    Investor Contact:
    John Yi and Steven Shinmachi
    Gateway Group, Inc.
    949-574-3860
    SNAL@gateway-grp.com

    The MIL Network –

  • MIL-OSI: On Mother’s Day, Celebrate Mom with $0-Fee BOSS Money Transfers

    Source: GlobeNewswire (MIL-OSI)

    Newark, NJ, May 01, 2025 (GLOBE NEWSWIRE) — BOSS Money, the remittance and payments brand of IDT Corporation (NYSE: IDT), today announced promotional $0-fee international money transfers for new and existing customers on Mother’s Day.

    “BOSS Money has removed money transfer fees for Mother’s Day to make celebrating Moms everywhere easy and economical,” said Michelle Rendo, VP Marketing for BOSS Money. “Mother’s Day is a celebration of connection, love, and appreciation that transcends borders. A transfer on Mother’s Day is a wonderful way to say, ‘Thank you, Mom!’” 

    New BOSS Money customers can take advantage of $0-fee money transfers on Mother’s Day and every day of the year when using the BOSS Money app with:

    • $0-fee on the first two (2) transfers to all BOSS Money destination countries;
    • $0-fee on the first five (5) transfers to Mexico;
    • $0-fee for unlimited transfers to Cameroon, Ghana, Nigeria, Kenya, Uganda, Senegal, and Venezuela.

    Mother’s Day is on Sunday, May 11th in the USA, but on different days in some other nations. To reflect this variation, BOSS Money is offering current BOSS Money customers two (2) $0-fee money transfers to destinations around the world when using the BOSS Money app on the following schedule*:

    • May 5 to May 11th — to all BOSS Money country-destinations with promo code “MOM”;
    • May 21 to May 25th — to the Dominican Republic, Bolivia, Haiti, Burkina Faso, Ivory Coast, and Madagascar with promo code “MOMMY”;
    • May 26 to May 30th — to Nicaragua with promo code “MAMA”.

    To begin a BOSS Money $0-fee transfer and to see details of BOSS Money’s Mother’s Day promotions, use the free BOSS Money app available from the iOS App and Google Play Stores. 

    To learn more about our low fees, competitive exchange rates and exclusive promotions visit bossmoney.com.

    ABOUT BOSS MONEY

    BOSS Money’s rapidly expanding international remittance service provides fast, secure and reliable money transfers for residents of the U.S. and Canada to popular destination countries in Latin America, the Caribbean, Africa, and South Asia. BOSS Money offers a robust menu of payout options including cash pick-up, mobile money, in-country bank account, and debit card direct deposit. Customers can remit funds through the highly rated BOSS Money and BOSS Revolution apps or through licensed Boss Money retailers.

    ABOUT IDT CORPORATION

    IDT Corporation (NYSE: IDT) is a global provider of fintech and communications solutions through a portfolio of synergistic businesses: National Retail Solutions (NRS), through its point-of-sale (POS) platform, enables independent retailers to operate more effectively while providing advertisers and marketers with unprecedented reach into underserved consumer markets; BOSS Money facilitates innovative international remittances and fintech payments solutions; net2phone provides enterprises and organizations with intelligently integrated cloud communications and contact center services across channels and devices; IDT Digital Payments and the BOSS Revolution calling service make sharing prepaid products and services and speaking with friends and family around the world convenient and reliable; and, IDT Global and IDT Express enable communications services to provision and manage international voice and SMS messaging.

    *Exclusions may apply

    All statements above that are not purely about historical facts, including, but not limited to, those in which we use the words “believe,” “anticipate,” “expect,” “plan,” “intend,” “estimate,” “target” and similar expressions, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. While these forward-looking statements represent our current judgment of what may happen in the future, actual results may differ materially from the results expressed or implied by these statements due to numerous important factors. Our filings with the SEC provide detailed information on such statements and risks and should be consulted along with this release. To the extent permitted under applicable law, IDT assumes no obligation to update any forward-looking statements.

    CONTACT

    IDT Corporation Investor Relations
    Bill Ulrey
    william.ulrey@idt.net

    # # #

    The MIL Network –

  • MIL-OSI: Jackery Launches Homepower 3000: the Smartest Choice for Essential Home Backup Power

    Source: GlobeNewswire (MIL-OSI)

    FREEMONT, Calif., May 01, 2025 (GLOBE NEWSWIRE) — Jackery, a global leader in innovative solar generators and green off-grid energy solutions, has unveiled the Jackery Solar Generator HomePower 3000, the newest addition to its best-selling 3kWh solar generator range. Designed specifically for essential home backup needs, the HomePower 3000 offers a simplified, high-performance power solution built to handle extreme conditions with ease. Marking a shift in branding from the “Explorer” series to the new “HomePower” line, this release underscores Jackery’s focus on practical, dependable energy solutions for the modern home.

    With a powerful 3072Wh battery capacity and 3,600W output (7200W Surge), the Jackery HomePower 3000 is engineered to keep essential household appliances and tools running during blackouts, emergencies, or everyday off-grid use. Capable of supporting high-demand appliances up to 7,200W surge power – including refrigerators, air conditioners, water pumps, wifi, lights and coffee machines, even capable of powering multiple essential home appliances at the same time. With the U.S. Energy Information Administration’s recent Annual Electric Power Industry Report, noting the average length of a power outage in the U.S. is five to six hours long, consumers can rest assured that the HomePower 3000 has the capability to power their refrigerator for up to two days. Delivering reliable power when it’s needed most, the system can keep a household running for up to 15 hours, supporting essential devices like a refrigerator (≤200W), fan (30W), lighting (60W), and Wi-Fi router (7W); all operating simultaneously*.

    The Jackery HomePower 3000 not only delivers powerful performance but also ensures effortless ease of use as Jackery has become known for. Designed by Jackery in the U.S., and utilizing real customer feedback from more than 10 years industry experience, the HomePower 3000 offers a plug-and-play operation and an intelligent display, making device control a breeze for the whole family, and a wide variety of ages.

    The HomePower 3000 is also built for extreme durability. Capable of performing in temperatures ranging from -40°F to 185°F, it is housed in a rugged design ideal for both home use and off-grid projects. Plus, with its UL certified uninterruptible power supply (UPS) functionality, it kicks in automatically within 20 milliseconds of detecting power loss, ensuring critical devices stay operational without a hitch.

    As the world’s lightest and most compact 3kWh LiFePO₄ power station — officially certified by Frost & Sullivan — the Jackery HomePower 3000 sets a new standard in portable home energy. It’s 47 percent smaller and 43 percent lighter than mainstream products of the same capacity, thanks to breakthrough automotive-grade CTB (Cell to Body) technology, which boosts space efficiency by 14percent. A rugged honeycomb bottom shell design further enhances durability and safety, all within a unit no larger than a standard microwave.

    Beyond its compact form, the HomePower 3000 delivers serious performance: it can be recharged in as fast as 1.7 hours and supports multiple charging options; including AC, AC+DC, solar, and even gas generator, ensuring users stay powered in any situation. The Jackery App enables smart features like scheduled and off-peak charging, as well as prioritized solar charging, helping users save up to 25 percent annually on electricity bills. And thanks to proprietary ZeroDrain™ technology, when stored at full capacity, the unit retains 95 percent of its power even after a full year, ready whenever it’s needed.

    The HomePower 3000 can generate up to 3,500 kWh of free energy over 5 years with its two Jackery SolarSaga 200W bifacial solar panels. Slim yet durable, designed to endure 4,000 folds, and easy to carry, these panels deliver superior performance with industry-leading IBC technology and TÜV Class II certification.

    “The HomePower 3000 delivers a robust combination of reliability and versatility – anytime, anywhere,” said Jack Sun, CEO of Jackery. “With increasingly unpredictable weather patterns affecting communities nationwide, the HomePower 3000 represents Jackery’s commitment to providing consumers with dependable power security that works both during emergencies and everyday life. This isn’t just another generator – it’s peace of mind in an uncertain world.”

    Whether you’re preparing for hurricane season, powering essential appliances during power outages due to unpredictable emergencies, or simply looking to reduce your dependence on the grid, the Jackery Solar Generator HomePower 3000 offers peace of mind through advanced engineering and performance that’s ready for anything. Trusted by over 120,000 five-star reviewers and with 90% favorable ratings in the U.S., Jackery delivers reliability that customers consistently count on.

    The HomePower 3000 retails for $2,299 and is currently available for purchase online at Jackery’s website. Jackery will also offer a specially priced solar generator bundle that includes the HomePower 3000 with two 200W Solar Panels between May 2-14, available for $1,999.

    For more information on Jackery, the HomePower 3000 and other products, please visit www.jackery.com. Be sure to follow Jackery on social media at @JackeryUSA for the latest updates in real time.

    *Tested under Jackery Lab conditions.

    ABOUT JACKERY
    Founded in California in 2012, Jackery is a leader in innovative solar generators and renewable energy solutions. Offering a diverse range of products—from compact 100W units to essential home backup systems, all the way to robust 123kWh energy storage solutions for whole-home use—Jackery combines cutting-edge technology with a steadfast commitment to sustainability. Designed in the USA based on customer usability and the diverse energy needs of the United States, Jackery is dedicated to providing reliable, renewable energy solutions, prioritizing convenience, trust, energy independence, and environmentally responsible practices. With over 150,000 five-star reviews, Jackery has earned the trust of customers worldwide. To learn more, check out Jackery on Facebook, Instagram, X, YouTube, and LinkedIn.

    MEDIA CONTACT
    ICR
    jackery@icrinc.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/8e9dabad-6f51-4d34-81e4-e6f5bb5aa15c

    The MIL Network –

  • MIL-OSI: SAIC Awarded New $55 Million Mission Integration Contract From Space Development Agency

    Source: GlobeNewswire (MIL-OSI)

    RESTON, Va., May 01, 2025 (GLOBE NEWSWIRE) — Science Applications International Corp. (NASDAQ: SAIC) has been awarded the Proliferated Warfighter Space Architecture (PWSA) Tranche 3 Program Integration (T3PI) contract from the Space Development Agency (SDA). This new $55 million contract spans a five-year performance period and is set for a May 1, 2025, program start.

    The PWSA is a constellation populated with multi-vendor space vehicles for the Transport, Tracking and Custody Layers and an associated ground system designed to address critical Department of Defense capability gaps associated with closing challenging kill chains with precision and speed. The Tranche 3 space layers will provide multi-band global communications access and persistent encrypted connectivity for warfighter missions, global missile defense, augmented Position, Navigation and Timing and 24/7, all-weather custody of time-sensitive targets. Under this new contract, SAIC will deliver mission-first management of enterprise requirements, schedule, engineering, technical reviews and risk to help address the complexity of integrating multiple Tranche 3 space layers, the ground segment, the existing space segments and operational users.

    “T3PI is a strategic win for SAIC because it demonstrates our proven expertise in mission integration and digital engineering,” said David Ray, SAIC executive vice president of Space and Intelligence Business Group. “But most importantly, it’s a win for warfighters as SAIC works with our robust ecosystem of partners, including the Space Development Agency and U.S. Space Force to integrate threat kill chains at speed. Ultimately, this work increases warfighter lethality and decision dominance in all domains – land, sea, air, space and cyber.”

    As America’s leading Mission Integrator, SAIC delivers advanced technology solutions for national imperatives including all-domain warfighting and next-generation space capabilities. The Fortune 500 company is already working with SDA on the innovative Battle Management Command, Control and Communications (BMC3) program which securely delivers apps to in-orbit satellites. For SDA’s Tranche 3 Layers, SAIC has assembled a highly experienced team to provide comprehensive systems engineering support to ensure seamless mission integration of the PWSA space, ground and user segments. This approach guarantees a tailored, scalable and secure solution for space operations, aligned with SDA’s planned launch windows.

    “Beyond delivering next-gen warfighting capabilities, T3PI highlights the need of a data-centric mission integration approach for the space, intelligence and military communities,” Ray continued. “For new national imperatives like Golden Dome for America missile defense, premier mission integrators will be essential to fuse existing all-domain systems with newly created infrastructure using advanced commercial technologies like digital engineering, AI, cloud and multi-level security. We’re excited to get started on T3PI so that we can efficiently maximize value for the American taxpayers with speed and scale for the best mission outcomes.”

    About SAIC 
    SAIC® is a premier Fortune 500 mission integrator focused on advancing the power of technology and innovation to serve and protect our world. Our robust portfolio of offerings across the defense, space, civilian and intelligence markets include secure high-end solutions in mission IT, enterprise IT, engineering services and professional services. We integrate emerging technology, rapidly and securely, into mission critical operations that modernize and enable critical national imperatives.

    We are approximately 24,000 strong; driven by mission, united by purpose, and inspired by opportunities. Headquartered in Reston, Virginia, SAIC has annual revenues of approximately $7.5 billion. For more information, visit saic.com. For ongoing news, please visit our newsroom.

    Media Contact: 
    Darryn C. James
    Darryn.C.James@saic.com

    The MIL Network –

  • MIL-OSI: Primech Holdings Announces Share Repurchase Program

    Source: GlobeNewswire (MIL-OSI)

    SINGAPORE, May 01, 2025 (GLOBE NEWSWIRE) — Primech Holdings Limited (the “Company”) (Nasdaq: PMEC), an established technology-driven facility services provider in the public and private sectors operating mainly in Singapore, today announced that its Board of Directors has approved a Rule 10b-18 share repurchase program with authorization to purchase up to 20% of the Company’s outstanding Ordinary Shares. The program is subject to shareholder approval at the upcoming Extraordinary General Meeting (EGM).

    This program will be effective from the date when the shareholders’ approval is obtained, up to the next Annual General Meeting (AGM) is held or required by law to be held (whichever is earlier), unless earlier revoked, varied, or fully utilized.

    “As we continue to drive innovation in facility services through AI, robotics, and sustainable solutions, we remain committed to prudent capital allocation focused on long-term growth opportunities,” said Mr. Kin Wai Ho, Chief Executive Officer of Primech Holdings. “This share repurchase program reflects the Board’s and Management’s confidence in our business strategy and the future growth potential of Primech, as well as our commitment to enhancing shareholder value.”

    The Company may repurchase Ordinary Shares from time to time through on-market purchases in accordance with applicable securities laws and other restrictions. The timing and total amount of stock repurchases will depend on business, economic, market conditions, corporate, legal and regulatory requirements, prevailing stock prices, trading volume, and other considerations. The share repurchase program may be suspended or discontinued at any time and does not obligate the Company to acquire any amount of stock. The Company expects to utilize its existing cash and cash equivalents to fund any repurchases under the share repurchase program.

    About Primech Holdings Limited

    Headquartered in Singapore, Primech Holdings Limited is a leading provider of comprehensive technology-driven facilities services, predominantly serving both public and private sectors throughout Singapore. Primech Holdings offers an extensive range of services tailored to meet the complex demands of its diverse clientele. Services include advanced general facility maintenance services, specialized cleaning solutions such as marble polishing and facade cleaning, meticulous stewarding services, and targeted cleaning services for offices and homes. Known for its commitment to sustainability and cutting-edge technology, Primech Holdings integrates eco-friendly practices and smart technology solutions to enhance operational efficiency and client satisfaction. This strategic approach positions Primech Holdings as a leader in the industry and a proactive contributor to advancing industry standards and practices in Singapore and beyond. For more information, visit www.primechholdings.com.    

    Forward-Looking Statements

    Certain statements in this announcement are forward-looking statements, including, for example, statements about completing the acquisition, anticipated revenues, growth, and expansion. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy, and financial needs. These forward-looking statements are also based on assumptions regarding the Company’s present and future business strategies and the environment in which the Company will operate in the future. Investors can find many (but not all) of these statements by the use of words such as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “likely to” or other similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure that such expectations will be correct. The Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company’s registration statement and other filings with the SEC.

    Company Contact:

    Email: ir@primech.com.sg

    Investor Relations Contact: 
           
    Matthew Abenante, IRC
    President                                        
    Strategic Investor Relations, LLC                                         
    Tel: 347-947-2093
    Email: matthew@strategic-ir.com

    The MIL Network –

  • MIL-OSI: Mercurity Fintech’s Chaince Securities Appointed as Strategic Advisor for Classover’s Solana-Focused Treasury Strategy

    Source: GlobeNewswire (MIL-OSI)

    New York, NY, May 01, 2025 (GLOBE NEWSWIRE) — Mercurity Fintech Holding Inc. (the “Company,” “we,” “us,” “our company,” or “MFH”) (Nasdaq: MFH), a digital fintech group, today announced that Classover Holdings Inc. (Nasdaq: KIDZ, KIDZW) has appointed its wholly owned subsidiary, Chaince Securities, LLC (“Chaince Securities”), as strategic digital asset advisor to guide Classover’s new Solana-based (SOL) treasury initiative.

    Classover, a leader in live, interactive online learning, plans to allocate a significant portion of the proceeds toward acquiring, staking, and holding Solana (SOL) tokens as a core corporate reserve asset. The Company also intends to operate SOL validator nodes, reinforcing its commitment to decentralized infrastructure and blockchain integration.

    As Classover’s strategic advisor, Chaince Securities will provide comprehensive digital asset services, including:

    • Structuring and deploying the Company’s SOL-based treasury framework
    • Supporting validator node operations to optimize staking rewards
    • Advising on risk management and best practices for digital asset portfolio governance
    • Evaluating strategic blockchain partnerships and long-term growth opportunities

    Wilfred Daye, Chief Strategy Officer of MFH and CEO of Chaince Securities, LLC, commented, “Classover’s adoption of Solana as a treasury reserve asset sets a new standard for corporate blockchain strategy. We are proud to partner with Classover on this landmark initiative and help position them at the forefront of institutional blockchain adoption. For Chaince, this partnership proves what we’ve been saying all along – traditional companies are ready for crypto treasury strategies when done right. And frankly, this could not come at a better time for MFH as we expand our institutional services. Each corporate client like Classover helps us refine our playbook and strengthens our reputation as the go-to team for companies making their first serious move into digital assets.”

    Stephanie Luo, Chief Executive Officer of Classover, added, “At Classover, innovation is at the core of everything we do — whether in education or corporate finance. By anchoring our treasury in Solana, we embrace technology that enhances our agility and future-proofs our balance sheet. We believe this strategy strengthens our financial foundation and positions Classover as a pioneer in blockchain integration among publicly traded companies, creating meaningful long-term value for our shareholders.”

    About Mercurity Fintech Holding Inc.

    Mercurity Fintech Holding Inc. is a digital fintech company with subsidiaries specializing in distributed computing and digital consultation across North America and the Asia-Pacific region. Our focus is on delivering innovative financial solutions while adhering to principles of compliance, professionalism, and operational efficiency. Our aim is to contribute to the evolution of digital finance by providing secure and innovative financial services to individuals and businesses. And our dedication to compliance, professionalism, and operational excellence ensures that we remain a trusted partner in the rapidly transforming financial landscape.

    For more information, please visit the Company’s website at https://mercurityfintech.com/.

    About Chaince Securities, LLC

    Chaince Securities, LLC (CRD #10590) is a FINRA-registered broker-dealer founded in 1982 and based in New York City. We specialize in equity capital markets, investment banking, asset management, and innovative financial solutions. With decades of institutional experience, Chaince is dedicated to building long-term relationships and delivering tailored strategies to meet the unique goals of each client. We combine traditional expertise with a forward-looking approach to support growth across dynamic sectors including digital assets and AI-driven markets.

    About Classover

    Founded in 2020 and headquartered in New York, Classover has rapidly emerged as a leader in educational technology, specializing in live online courses for K-12 students worldwide. Offering a diverse curriculum tailored to different learning levels and interests, Classover empowers students through personalized instruction, innovative course design, and cutting-edge AI technology. From creativity-driven programs to competitive test preparation, Classover is dedicated to redefining education through accessible, high-quality learning experiences.

    Forward-Looking Statements

    This announcement contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations and projections about future events and financial trends that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “potential,” “continue,” “is/are likely to” or other similar expressions. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results.

    Contacts:

    International Elite Capital Inc.
    Vicky Chueng
    Tel: +1(646) 866-7928
    Email: mfhfintech@iecapitalusa.com 

    Chaince Securities, LLC
    Email: Info@chaincesecurities.com 

    Classover Holdings Inc.
    Email: ir@classover.com
    Tel: 800-345-9588 

    The MIL Network –

  • MIL-OSI: iPower Schedules Fiscal Third Quarter 2025 Conference Call for May 15, 2025 at 4:30 p.m. ET

    Source: GlobeNewswire (MIL-OSI)

    RANCHO CUCAMONGA, Calif., May 01, 2025 (GLOBE NEWSWIRE) — iPower Inc. (Nasdaq: IPW) (“iPower” or the “Company”), a tech and data-driven ecommerce services provider and online retailer, will host a conference call on Thursday, May 15, 2025 at 4:30 p.m. Eastern time to discuss its financial results for the fiscal third quarter ended March 31, 2025. The Company’s results will be reported in a press release prior to the call.

    iPower management will host the conference call, followed by a question-and-answer period.

    Date: Thursday, May 15, 2025
    Time: 4:30 p.m. Eastern time
    Dial-in registration link: here
    Live webcast registration link: here

    Please dial into the conference call 5-10 minutes prior to the start time. If you have any difficulty connecting with the conference call, please contact the company’s investor relations team at IPW@elevate-ir.com.

    The conference call will also be broadcast live and available for replay in the Events & Presentations section of the Company’s website at www.meetipower.com.

    About iPower Inc.

    iPower Inc. is a tech and data-driven online retailer, as well as a provider of value-added ecommerce services for third-party products and brands. iPower’s capabilities include a full spectrum of online channels, robust fulfillment capacity, a nationwide network of warehouses, competitive last mile delivery partners and a differentiated business intelligence platform. iPower believes that these capabilities will enable it to efficiently move a diverse catalog of SKUs from its supply chain partners to end consumers every day, providing the best value to customers in the U.S. and other countries. For more information, please visit iPower’s website at www.meetipower.com.

    Forward Looking Statements

    This press release may contain information about iPower’s view of its future expectations, plans and prospects that constitute forward-looking statements. Actual results may differ materially from historical results or those indicated by these forward-looking statements because of a variety of factors including, but not limited to, risks and uncertainties associated with its ability to maintain and grow its business, variability of operating results, its development and introduction of new products and services, marketing and other business development initiatives and competition in the industry. iPower encourages you to review other factors that may affect its future results in its filings with the SEC.

    Investor Relations Contact

    Sean Mansouri, CFA or Aaron D’Souza
    Elevate IR
    (720) 330-2829
    IPW@elevate-ir.com

    The MIL Network –

  • MIL-OSI: Alto Ingredients, Inc. to Release First Quarter 2025 Financial Results on May 7, 2025

    Source: GlobeNewswire (MIL-OSI)

    PEKIN, Ill., May 01, 2025 (GLOBE NEWSWIRE) — Alto Ingredients, Inc. (NASDAQ: ALTO) a leading producer and distributor of specialty alcohols, renewable fuels and essential ingredients, announced it will release its first quarter 2025 financial results after the close of market on Wednesday, May 7, 2025.

    Management will host a conference call at 2:00 p.m. Pacific Time / 5:00 p.m. Eastern Time and will deliver prepared remarks via webcast followed by a question-and-answer session. How to participate:

    • To listen to the webcast, visit the Alto Ingredients website.
    • To receive a number and unique PIN by email, register here.
    • To dial directly twenty minutes prior to the scheduled call time, dial (833) 630-0017 domestically and (412) 317-1806 internationally. Please ask to join Alto Ingredients.

    The webcast will be archived for replay on the Alto Ingredients website for one year. In addition, a telephonic replay will be available at 8:00 p.m. Eastern Time on Wednesday, May 7, 2025, through 8:00 p.m. Eastern Time on Wednesday, May 14, 2025. To access the replay, please dial (877) 344-7529. International callers should dial 00-1 412-317-0088. The pass code will be 8723820.

    About Alto Ingredients, Inc.
    Alto Ingredients, Inc. (NASDAQ: ALTO) is a leading producer and distributor of specialty alcohols, renewable fuels and essential ingredients. Leveraging the unique qualities of its facilities, the company serves customers in a wide range of consumer and commercial products in the Health, Home & Beauty; Food & Beverage; Industry & Agriculture; Essential Ingredients; and Renewable Fuels markets. For more information, please visit www.altoingredients.com.

    Media and Company IR Contact:                 
    Michael Kramer, Alto Ingredients, Inc., 916-403-2755 Investorrelations@altoingredients.com

    IR Agency Contact:
    Kirsten Chapman, Alliance Advisors Investor Relations, 415-433-3777 
    Investorrelations@altoingredients.com

    The MIL Network –

  • MIL-OSI: Equiniti (EQ) Completes Acquisition of Notified, Creating a Global Leader in End-to-End Shareholder and Corporate Communications 

    Source: GlobeNewswire (MIL-OSI)

    Combining EQ’s shareholder services and robust Investor Relations (IR) capabilities with Notified’s public relations (PR) and IR solutions to help companies grow, engage stakeholders and communicate with confidence at every stage. 

     Transaction Highlights 

    • Establishes Comprehensive Solution: Combines EQ’s shareholder services leadership and robust IR capabilities with Notified’s PR and IR expertise to deliver a comprehensive solution for companies at every stage of growth. 
    • Supports the Full Corporate Lifecycle: Equips public and private companies with tools for shareholder engagement, disclosure and media outreach from pre-IPO through maturity. 
    • Extends Global Reach and Client Base: Serves 12,000 clients in 90 countries including more than half of the FTSE 100, one third of the S&P 500 and half of the Nasdaq.  
    • Accelerates Innovation and Growth: Leverages combined expertise and proven platforms to meet evolving client needs and rising regulatory demands. 

    NEW YORK, May 01, 2025 (GLOBE NEWSWIRE) — Equiniti (EQ)1, a global leader in shareholder services, today announced it has completed its acquisition of Notified, the award-winning provider of public relations (PR) and investor relations (IR) solutions from West Technology Group, LLC. The transaction, originally announced on March 17, 2025, brings together two trusted brands to deliver an unmatched end-to-end suite of PR, IR and share registry services and technology. 

    Together, EQ and Notified deliver an unmatched suite of services and technology that support organizations through every stage of the corporate lifecycle— from growing small to medium sized businesses (SMBs) and pre-IPO companies to large public enterprises navigating today’s dynamic markets around the world. The combined business supports 12,000 clients across 90 countries. With Notified’s broad geographic footprint, the combination also enables EQ to expand its global reach and better serve clients in key international markets. 

    “In today’s dynamic market environment, effective shareholder communication is more important than ever,” said Dan Kramer, CEO of EQ Shareholder Services. “By integrating Notified’s award-winning PR and IR capabilities into our service mix, we are empowering clients with a truly comprehensive solution that drives enhanced shareholder engagement and delivers measurable results. This acquisition immediately provides our clients with powerful new tools to strengthen stakeholder relationships and drive business value.”

    Comments from Dan Kramer (CEO, EQ Shareholder Services) and Nimesh Dave (President, Notified)

    The transaction combines EQ’s deep expertise in providing transfer agency, ownership intelligence, proxy management and advisory, employee plans, private company solutions, retirement and remediation services with Notified’s widely adopted PR and IR solutions. Each organization serves IR professionals in different but complementary ways. In addition to its shareholder services leadership, EQ brings a robust set of global IR capabilities—including share register analysis, investor targeting, and perception studies—helping companies understand market sentiment and execute unconflicted, data-driven strategies to engage current and prospective investors.  

    By joining forces, EQ and Notified are significantly strengthening the end-to-end support available to IR teams—combining EQ’s governance and ownership intelligence capabilities with Notified’s robust tools for media engagement, real-time analytics, earnings events, IR websites, regulatory filings and GlobeNewswire distribution. This investment will accelerate innovation across the combined offering, as demonstrated by recent advancements like CLEAR’s identity verification technology, expanded premium services and AI-powered tools designed to deliver secure, efficient and modern communications. 

    “Notified has always prioritized innovation that serves the evolving needs of communications professionals,” said Nimesh Davé, President of Notified. “Joining EQ empowers us with greater resources to accelerate our technology roadmap while expanding our reach. Our combined platform now addresses the full spectrum of corporate communications needs, creating a powerful solution for our combined client base. We’re energized by the opportunity to build on our success and deliver even more exceptional value to communicators worldwide.” 

    This acquisition builds on the successful integration of EQ and AST, alongside investment in technology and an additional recent acquisition, demonstrating commitment from owners, Siris Capital, to future growth. These moves further solidify EQ’s position as a global leader in shareholder services, financial communications and compliance solutions.  

    About Equiniti (EQ) 

    EQ helps companies better understand and manage the ownership of their business through every stage of the corporate lifecycle. As trusted advisors, we provide strategic insight and operational expertise across our core services—Transfer Agent Services, Employee Plan Solutions, Ownership Intelligence, Proxy Management and Advisory and Private Company Solutions. Globally, EQ supports 2,200 global issuer clients and 20 million shareholders with operations in the UK, U.S., and India. Learn more at equiniti.com/global. 

    About Notified 

    We are Notified, and your story goes here. As the only technology partner dedicated to both investor relations and public relations professionals, we help you control and amplify your corporate narrative. Our fully integrated PR and IR platforms streamline every step—whether it’s reaching the right media, press release distribution, and measurement or designing new IR websites, managing investor days, earnings releases, and regulatory filings. Connecting both worlds, GlobeNewswire is one of the world’s largest and most trusted newswire distribution networks, serving leading organizations for over 30 years. Together, we empower communicators to inform a better world.  Learn more at notified.com. 

    Media Contact 

    Teneo 
    Martin Robinson 
    Tel: +44 20 7353 4200 
    Email: Equiniti@teneo.com 

    1. Armor Holding II, LLC and Orbit Private Holdings I Limited (together, EQ)

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/ee4a32ea-2e00-4975-ae41-5d73d43824eb

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