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Category: GlobeNewswire

  • MIL-OSI: Peyto Exploration & Development Corp. Confirms Monthly Dividend for May 15, 2025

    Source: GlobeNewswire (MIL-OSI)

    CALGARY, Alberta, April 15, 2025 (GLOBE NEWSWIRE) — Peyto Exploration & Development Corp. (TSX: PEY) (“Peyto”) confirms that the monthly dividend with respect to April 2025 of $0.11 per common share is to be paid on May 15, 2025, for shareholders of record on April 30, 2025.

    Dividends paid by Peyto to Canadian residents are eligible dividends for Canadian income tax purposes.

    Shareholders and interested investors are encouraged to visit the Peyto website at www.peyto.com to learn more about what makes Peyto one of North America’s most exciting energy companies. The website also includes a monthly report, which discusses various topics chosen by the President and CEO and includes estimates of monthly capital expenditures and production. For further information please contact:

    Jean-Paul Lachance
    President and Chief Executive Officer
    Phone:  (403) 261-6081
    Fax:      (403) 451-4100
    info@peyto.com

    Certain information set forth in this document, including management’s assessment of Peyto’s future plans and operations, contains forward-looking statements. By their nature, forward-looking statements are subject to numerous risks and uncertainties, some of which are beyond these parties’ control, including the impact of general economic conditions, industry conditions, volatility of commodity prices, currency fluctuations, imprecision of reserve estimates, environmental risks, competition from other industry participants, the lack of availability of qualified personnel or management, stock market volatility and ability to access sufficient capital from internal and external sources. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. Peyto’s actual results, performance or achievement could differ materially from those expressed in, or implied by, these forward-looking statements and, accordingly, no assurance can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do so, what benefits that Peyto will derive therefrom. The Toronto Stock Exchange has neither approved nor disapproved the information contained herein.

    The MIL Network –

  • MIL-OSI: Rivalry Announces Application for a Management Cease Trade Order for Late Filing of Annual Filings

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, April 15, 2025 (GLOBE NEWSWIRE) — Rivalry Corp. (TSXV: RVLY) (OTCQB: RVLCF) (“Rivalry” or the “Company”), the leading sportsbook and iGaming operator for digital-first players, today announces that it will be late in filing its audited financial statements and management’s discussion and analysis for the year ended December 31, 2024 and related certifications (the “Annual Filings”).

    In response to the Annual Filings delay, the Company has applied to the Ontario Securities Commission for a management cease trade order (the “MCTO”) under National Policy 12-203 – Management Cease Trade Orders (“NP 12-203”) that will prohibit the management of the Company from trading in the securities of the Company until such time as the Annual Filings are filed. No decision has yet been made by the Ontario Securities Commission on this application. The Ontario Securities Commission may grant the application and issue the MCTO or it may impose an issuer cease trade order if the Annual Filings are not filed in a timely fashion. If the MCTO is granted, such an order would not generally affect the ability of persons who have not been directors, officers or insiders of the Company to trade the securities of the Company pending the filing of the Annual Filings on SEDAR+.

    As previously announced, the Company has initiated a review of strategic alternatives to maximize long-term stakeholder value (the “Strategic Review”). The Company has determined that it is in the best interests of the Company to utilize its current management resources to advance the Strategic Review, resulting in a delay of completing the Annual Filings by the April 30, 2025 deadline.

    The Company is working on the preparation of the Annual Filings and expects to complete the Strategic Review and the Annual Filings by June 30, 2025. Until the Annual Filings are filed, the Company intends to satisfy the provisions of the Alternate Information Guidelines as set out in NP 12-203 for as long as it remains in default, including the issuance of bi-weekly default status reports, each of which will be issued in the form of a news release.

    The Company confirms that it is not subject to any insolvency proceeding as of the date hereof. The Company also confirms that there is no other material information concerning the affairs of the Company that has not been generally disclosed as of the date hereof.

    Company Contact:
    Steven Salz, Co-founder & CEO
    ss@rivalry.com

    Investor Contact:
    investors@rivalry.com

    Cautionary Note Regarding Forward-Looking Information and Statements

    This news release contains certain forward-looking information within the meaning of applicable Canadian securities laws (“forward-looking statements”). All statements other than statements of present or historical fact are forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as “anticipate”, “achieve”, “could”, “believe”, “plan”, “intend”, “objective”, “continuous”, “ongoing”, “estimate”, “outlook”, “expect”, “project” and similar words, including negatives thereof, suggesting future outcomes or that certain events or conditions “may” or “will” occur. These statements are only predictions. Forward-looking statements in this news release include, but are not limited to, statements with respect to the Strategic Review, the anticipated filing of the Annual Filings, the application for the MCTO and the granting thereof by the Ontario Securities Commission.

    Forward-looking statements are based on the opinions and estimates of management of the Company at the date the statements are made based on information then available to the Company. Various factors and assumptions are applied in drawing conclusions or making the forecasts or projections set out in forward-looking statements. Forward-looking statements are subject to and involve a number of known and unknown, variables, risks and uncertainties, many of which are beyond the control of the Company, which may cause the Company’s actual performance and results to differ materially from any projections of future performance or results expressed or implied by such forward-looking statements. Such factors, among other things, include regulatory or political change such as changes in applicable laws and regulations; the ability to obtain and maintain required licenses; the esports and sports betting industry being a heavily regulated industry; the complex and evolving regulatory environment for the online gaming and online gambling industry; the success of esports and other betting products are not guaranteed; changes in public perception of the esports and online gambling industry; negative cash flow from operations and the Company’s ability to operate as a going concern; failure to retain or add customers; the Company having a limited operating history; operational risks; cybersecurity risks; reliance on management; reliance on third parties and third-party networks; exchange rate risks; risks related to cryptocurrency transactions; risk of intellectual property infringement or invalid claims; the effect of capital market conditions and other factors on capital availability; competition, including from more established or better financed competitors; and general economic, market and business conditions. For additional risks, please see the Company’s management’s discussion and analysis for the three and nine months ended September 30, 2024 under the heading “Risk Factors”, and other disclosure documents available on the Company’s SEDAR+ profile at www.sedarplus.ca.

    No assurance can be given that the expectations reflected in forward-looking statements will prove to be correct. Although the forward-looking statements contained in this news release are based upon what management of the Company believes, or believed at the time, to be reasonable assumptions, the Company cannot assure shareholders that actual results will be consistent with such forward-looking statements, as there may be other factors that cause results not to be as anticipated, estimated or intended. Readers should not place undue reliance on the forward-looking statements and information contained in this news release. The forward-looking information and forward-looking statements contained in this press release are made as of the date of this press release, and the Company does not undertake to update any forward-looking information and/or forward-looking statements that are contained or referenced herein, except in accordance with applicable securities laws.

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

    The MIL Network –

  • MIL-OSI: Southside Bancshares, Inc. Announces First Quarter Earnings Call

    Source: GlobeNewswire (MIL-OSI)

    TYLER, Texas, April 15, 2025 (GLOBE NEWSWIRE) — Southside Bancshares, Inc. (“Southside”) (NYSE: SBSI), the holding company for Southside Bank, announced today it will release its first quarter financial results before the market opens on Tuesday, April 29, 2025. Southside will host a conference call to discuss its results on Tuesday, April 29, 2025, at 11:00 a.m. CST.

    The call will be hosted by Lee R. Gibson, CEO, Keith Donahoe, President, Julie Shamburger, CFO, and Lindsey Bailes, VP, Investor Relations. Following prepared remarks there will be a question and answer session for the analyst community.

    The Conference Call Details

    The conference call can be accessed by webcast, for listen-only mode, here or on the company website, https://investors.southside.com, under Events.

    Those interested in participating in the question and answer session, or others who prefer to call-in, can register using this online form to receive the dial-in number and unique code to access the conference call seamlessly. While not required, it is recommended that those wishing to participate register 10 minutes prior to the conference call to ensure a more efficient registration process.

    For those unable to attend the live event, a webcast recording will be available here or on the company website, https://investors.southside.com, for at least 30 days, beginning approximately two hours following the conference call.

    About Southside Bancshares, Inc.

    Southside Bancshares, Inc. is a bank holding company headquartered in Tyler, Texas, with approximately $8.52 billion in assets as of December 31, 2024. Through its wholly-owned subsidiary, Southside Bank, Southside currently operates 53 branches and a network of 72 ATMs/ITMs throughout East Texas, Southeast Texas and the greater Dallas/Fort Worth, Austin and Houston areas. Serving customers since 1960, Southside Bank is a community-focused financial institution that offers a full range of financial products and services to individuals and businesses. These products and services include consumer and commercial loans, mortgages, deposit accounts, safe deposit boxes, treasury management, wealth management, trust services, brokerage services and an array of online and mobile services.

    To learn more about Southside Bancshares, Inc., please visit our investor relations website at https://investors.southside.com. Our investor relations site provides a detailed overview of our activities, financial information and historical stock price data. To receive e-mail notification of company news, events and stock activity, please register on the website under Resources and Investor Email Alerts. Questions or comments may be directed to Lindsey Bailes at 903-630-7965 or lindsey.bailes@southside.com.

    For further information:                                
    Lindsey Bailes
    903-630-7965

    The MIL Network –

  • MIL-OSI: Carlyle Secured Lending, Inc. Schedules Earnings Release and Quarterly Earnings Call to Discuss its Financial Results for the First Quarter Ended March 31, 2025

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, April 15, 2025 (GLOBE NEWSWIRE) — Carlyle Secured Lending, Inc. (“Carlyle Secured Lending”) (NASDAQ: CGBD) will host a conference call at 11:00 a.m. EST on Wednesday, May 7, 2025 to announce its financial results for the first quarter ended March 31, 2025. The Company will report its quarterly financial results on Tuesday, May 6, 2025.

    The conference call will be available via public webcast via a link on Carlyle Secured Lending’s website at carlylesecuredlending.com and will also be available on the website soon after the call’s completion.

    About Carlyle Secured Lending, Inc.

    Carlyle Secured Lending, Inc. is a publicly traded (NASDAQ: CGBD) business development company (“BDC”) which began investing in 2013. The Company focuses on providing directly originated, financing solutions across the capital structure, with a focus on senior secured lending to middle-market companies primarily located in the United States. Carlyle Secured Lending is externally managed by Carlyle Global Credit Investment Management L.L.C., an SEC-registered investment adviser and wholly owned subsidiary of Carlyle.

    Web: carlylesecuredlending.com

    About Carlyle   

    Carlyle (“Carlyle,” or the “Adviser”) (NASDAQ: CG) is a global investment firm with deep industry expertise that deploys private capital across three business segments: Global Private Equity, Global Credit and Global Investment Solutions. With $441 billion of assets under management as of December 31, 2024, Carlyle’s purpose is to invest wisely and create value on behalf of its investors, portfolio companies and the communities in which we live and invest. Carlyle employs more than 2,300 people in 29 offices across four continents. Further information is available at www.carlyle.com. Follow Carlyle on X @OneCarlyle and LinkedIn at The Carlyle Group.

    Contacts:

    Investors:   Media:
    Nishil Mehta   Kristen Ashton
    +1-212-813-4900   +1-212-813-4763
    publicinvestor@carlylesecuredlending.com   kristen.ashton@carlyle.com
         

    The MIL Network –

  • MIL-OSI: Banzai Reports Fourth Quarter and Full Year 2024 Financial Results

    Source: GlobeNewswire (MIL-OSI)

    Revenue of $16.7 Million on a Consolidated, Pro-forma Basis for the Twelve Months Ending December 31, 2024, Representing 267% Annual Growth; Exceeded Guidance of $10 Million by 67%

    Q4 2024 Adjusted Net Loss Improved by $7.8 Million from ($9.2) Million in Q4 2023 to ($1.4) Million, Bringing the Company Closer to Profitability

    Management to Host Fourth Quarter and Full Year 2024 Results Conference Call Today, Tuesday, April 15, 2025 at 5:30 p.m. Eastern Time

    SEATTLE, April 15, 2025 (GLOBE NEWSWIRE) — Banzai International, Inc. (NASDAQ: BNZI) (“Banzai” or the “Company”), a leading marketing technology company that provides essential marketing and sales solutions, today reported financial results for the fourth quarter and full year ended December 31, 2024.

    Fourth Quarter 2024 and Subsequent Key Financial & Operational Highlights

    • Completed two acquisitions: ClearDoc, Inc. (“OpenReel”) on December 19, 2024, and Vidello, Ltd. (“Vidello”) on January 31, 2025.
    • Signed a definitive agreement to acquire Act-On Software Inc. (“Act-On”), an enterprise marketing automation platform (MAP) provider, which is projected to increase revenue by $27 million for the twelve-month period ending December 31, 2025, on a pro-forma basis, when completed; acquisition subject to closing conditions.
    • Completed ahead-of-schedule repayment of $20.3 million of outstanding liabilities as of March 31, 2025, pursuant to the $24.8 million debt payoff and restructuring agreements announced on September 24, 2024.

    Pro-Forma, As Consolidated Highlights of Banzai International, Inc; ClearDoc, Inc. (d/b/a OpenReel); and Vidello, Ltd.

    • Revenue of $16.7 million on a consolidated, pro-forma basis, for the year ended December 31, 2024, representing 267% annual growth compared to Banzai’s stand-alone revenue in FY 2023.
    • Expanded customer base to over 90,000 total customers.

    Highlights of Banzai International, Inc.

    • Revenue of $4.5 million for FY 2024, a decrease of $0.03 million over FY 2023 of $4.6 million on a GAAP basis.
    • Revenue of $1.3 million for Q4 2024 compared to $1.1 million for Q3 2024, a 20% sequential increase.
    • Annual Recurring Revenue (ARR) of $6.8 million for Q4 2024. This represents a 54% annualized ARR growth rate compared to Q3 2024.
    • Q4 2024 Adjusted Net Loss was ($1.44) million, a $(0.03) million sequential improvement from Q3 2024 Adjusted Net Loss of ($1.47) million. This represents an annualized improvement of $0.12 million.
    • FY 2024 Adjusted EBITDA improved by $5.4 million to ($6.5) million in FY 2024 from ($11.9) million in FY 2023.
    • Launched a comprehensive initiative designed to improve net income by up to $13.5 million annually while maintaining growth outlook.
    • Demio’s AI-powered webinar platform recognized with multiple accolades from the Gartner Digital Markets brands – Capterra, Software Advice, and GetApp.

    Highlights of ClearDoc Inc. (d/b/a OpenReel)

    • OpenReel demonstrated profitable financial results in FY 2024.
    • FY 2024 Revenue of $6.3 million
    • FY 2024 Net Income of $0.1 million

    Highlights of Vidello, Ltd.

    • Vidello demonstrated profitable financial performance in CY 2024.
    • CY 2024 Revenue of $6.1 million
    • CY 2024 Net Income of $1.5 million
    • Launched CreateStudio 4.0, the latest version of its award-winning video creation product.
    • Vidello, Ltd. FY 2024 ends March 31, 2024. CY 2024 results included audited financials for the period January 1, 2024, through March 31, 2024, and include reviewed, unaudited financials for the period April 1, 2024, through December 31, 2024.

    “The fourth quarter was underscored by significant consolidated, pro-forma revenue growth enabled by the recently closed acquisitions of Vidello and OpenReel, and continued strong performance for our products,” said Joe Davy, Founder and CEO of Banzai. “Pro-forma revenue was $16.7 million for the full year 2024 including the recently closed acquisitions, representing a 267% increase from the prior year’s standalone results. Vidello’s next-generation video creation, editing, and marketing suite, and OpenReel’s digital video creation platform combined to add approximately $12.4 million in revenues that enabled us to exceed our previously announced 2024 guidance. In addition, we are making continued progress toward closing the acquisition of Act-On Software, which is projected to increase revenue by $27 million for the full year 2025 on a pro-forma basis when completed, which remains subject to the satisfaction or waiver of closing conditions and therefore there is no guarantee it will be completed or provide such revenue.

    “For the fourth quarter, we achieved a 54% annualized Annual Recurring Revenue growth rate. Growth was driven by our focus on mid-market and enterprise customers, and on the Reach product through re-engineering and expanded sales efforts. In total, we now serve over 90,000 customers.

    “To better serve our customers, we have continued to invest in our products and growth initiatives. We recently launched CreateStudio 4.0, with major A.I. enhancements for video creation including new A.I. builders, hook generators and assistant, and improved audio visualizer, call-to-action, and UI improvements. We added significant enhancements to our Demio platform through deeper integration with Salesforce, and key enhancements designed to maximize efficiency and scalability. Demio’s success was further validated with accolades including the Capterra Shortlist, the Software Advice Frontrunners, the GetApp Category Leaders, and Forbes.

    “In 2024 we developed a completely re-engineered Reach offering, that we feel positions us for future growth in that category, as well as Curate, an AI-powered newsletter product which has already gained meaningful early customer traction.

    “We made significant improvements to our balance sheet and cost structure, which we believe will position us for sustainable profitability in the future. With the investment in our Vidello acquisition, we further improved our financial position and flexibility with a $34.3 million year over year improvement in stockholders’ equity, expected to be positive $3.4 million as of March 31, 2025. We also implemented a strategic initiative that we expect will enable us to significantly improve net income, substantially extend our cash runway, and invest in growth. We are making significant progress toward these goals and overall improvement in net income is expected to be approximately $13.5 million annually when fully implemented, while maintaining our growth outlook.

    “Looking ahead, combined with our new acquisitions we are fueling marketing results with an integrated platform of AI-powered MarTech solutions that will continue to drive growth. We are launching exciting new products and capabilities that will provide innovative solutions for our clients and further our market reach. We continually strive to manage costs efficiently while investing in our software platform, sales and marketing, and product development. We look forward to additional updates on our anticipated milestones in the weeks and months to come,” concluded Davy.

    Fourth Quarter 2024 Financial Results

    Banzai believes its non-GAAP financial measure ARR is more meaningful in evaluating its performance. The Company’s management team evaluates its financial and operating results utilizing this non-GAAP measure. For the three months ended December 31, 2024, ARR increased to $6.8 million, representing a 54% annualized ARR growth rate.

    Total GAAP revenue for the three months ended December 31, 2024, was $1.3 million, a sequential increase of 20.3% from the three months ended September 30, 2024, and an increase of 20.1% compared to the prior year quarter.

    Total cost of revenue for the three months ended December 31, 2024 was $0.4 million, compared to $0.3 million in the prior year quarter, an increase of 19.9%. The increase was proportional to the revenue for the corresponding period.

    Gross profit for the three months ended December 31, 2024, was $0.9 million, compared to $0.8 million in the prior year quarter. Gross margin was 71.2% in the fourth quarter of 2024, compared to 71.3% in the fourth quarter of 2023.

    Total operating expenses for the three months ended December 31, 2024, were $4.8 million, compared to $4.0 million in the prior year quarter.

    Net loss for the three months ended December 31, 2024, was $7.9 million, compared to $6.4 million in the prior year quarter. The greater net loss is primarily due to higher Pubco expense & overall operating expenses.

    Adjusted Net Loss for the three months ended December 31, 2024, was ($1.4) million, compared to ($9.2) million in the prior year quarter. This was driven by improvements to the Company’s efficiency and by write-off agreements entered into for certain liabilities, substantially reducing the Company’s current and future cash liabilities.

    Adjusted EBITDA for the three months ended December 31, 2024, was ($4.1) million, compared to Adjusted EBITDA of ($23.7) million for the prior year quarter, representing an improvement of $19.6 million.

    Full Year 2024 Financial Results

    Total revenue for the year ended December 31, 2024, and 2023, was $4.5 million and $4.6 million, respectively, a decrease of 0.7%. This decrease is primarily attributable to lower Reach revenue which declined by approximately $19 thousand due to a shift in Banzai’s focus to its Demio product and decision to phase out the legacy Reach offering, which decision was reversed in the later part of Q1 2024, with the launch of Reach 2.0. In 2024 Banzai revitalized its focus on the Reach offering through re-engineering and expanded sales efforts. Demio revenue was lower by approximately $223 thousand for the year ended December 31, 2024 as compared to the year ended December 31, 2023 due to churn and lower new sales period-over-period, and due to the company’s strategic shift to focus on mid-market customers, which the Company expects will ultimately result in higher Average Customer Value and Net Retention Rate for the Demio product.

    Cost of revenue for the years ended December 31, 2024, and 2023 was $1.42 million and $1.44 million, respectively. This represents an improvement of approximately $22 thousand, or approximately 1.5%, for the year ended December 31, 2024 as compared to the year ended December 31, 2023. This improvement is due primarily to a higher average customer value that led to an approximately 5% lower average cost per customer, driven by lower contracted services and infrastructure costs of approximately $84 thousand and $90 thousand, respectively.

    Gross profit for the year ended December 31, 2024, and 2023 was $3.11 million and $3.12 million, respectively. This represents a decrease of approximately $11 thousand, or approximately 0.4%, which was due to the decreases in revenue of approximately $33 thousand and decreases in the cost of revenue of approximately $22 thousand described above. Gross margin for the year ended December 31, 2024 and 2023 was 68.6% and 68.3%, respectively.

    Total operating expenses for the year ended December 31, 2024 and 2023, were $16.6 million and $12.9 million, respectively, an increase of 28.4%. This increase was due primarily to an overall increase in salaries and related expenses of approximately $0.5 million, marketing expenses of approximately $0.6 million, costs associated with audit, technical accounting, and legal and other professional services of approximately $2.6 million. On September 16, 2024, the Company implemented a reduction in force (the “Reduction”) intended to decrease expenses and maintain a streamlined organization to support key programs and customers, that is expected to conserve cash. As part of the Reduction, the Company reduced its headcount by 24 employees, which represented approximately 34% of the Company’s full-time employees as of September 16, 2024. The cost-saving measures from the Reduction are expected to reduce annual operating expenses by approximately an additional $1.3 million beginning in the fourth quarter of 2024. The Company estimates that it will incur total restructuring charges of approximately $0.1 million, including severance payments in connection with the Reduction. The Company completed the reduction in October, 2024.

    Net loss for the year ended December 31, 2024 and 2023, was $31.5 million and $14.4 million, respectively. The greater net loss is primarily due to an increase in total other expenses of approximately $13.4 million during the year ended December 31, 2024 compared to the year ended December 31, 2023, in addition to an increase in operating expenses of approximately $3.7 million.

    Adjusted Net Loss for the year ended December 31, 2024 and 2023, was ($6.5) million and ($11.9) million, respectively, representing an improvement of $5.4 million.

    Net cash used in operating activities for the year ended December 31, 2024, was $9.6 million, compared to $1.6 million for the year ended December 31, 2023.

    Cash totaled $1.1 million as of December 31, 2024, compared to $2.1 million as of December 31, 2023.

    Annual Recurring Revenue (“ARR”) refers to annual run-rate revenue of subscription agreements from all customers in the last month of the measured period. These statements are forward-looking and actual ARR may differ materially. Refer to the “Forward-Looking Statements” section below for information on the factors that could cause Banzai’s actual ARR to differ materially from these forward-looking statements.

    Fourth Quarter and Full Year 2024 Results Conference Call

    Banzai Founder & CEO Joe Davy and Interim CFO Alvin Yip will host the conference call, followed by a question-and-answer session. The conference call will be accompanied by a presentation, which can be viewed during the webcast or accessed via the investor relations section of the Company’s website here.

    To access the call, please use the following information:

    A replay of the webcast and the presentation utilized during the call will be available in the Company’s investor relations section here.

    Note About Non-GAAP Financial Measures

    Adjusted EBITDA

    In addition to our results determined in accordance with U.S. GAAP, we believe that Adjusted EBITDA, a non-GAAP measure as defined below, is useful in evaluating our operational performance distinct and apart from certain irregular, non-cash, and non-operational expenses. We use this information for ongoing evaluation of operations and for internal planning purposes. We believe that non- GAAP financial information, when taken collectively with results under GAAP, may be helpful to investors in assessing our operating performance and comparing our performance with competitors and other comparable companies.

    Non-GAAP measures should not be considered in isolation or as a substitute for analysis of our results as reported under GAAP. We endeavor to compensate for the limitation of Adjusted EBITDA, by also providing the most directly comparable GAAP measure, which is net loss, and a description of the reconciling items and adjustments to derive the non-GAAP measure.

    Adjusted EBITDA should only be considered alongside results prepared in accordance with GAAP, including various cash-flow metrics, net income (loss) and our other GAAP results and financial performance measures.

    Net Income/(Loss) to Adjusted EBITDA Reconciliation

        Year Ended
    December 31,    		     Year Ended
    December 31,    		     Year-over-     Year-over-  
    ($ in Thousands)   2024     2023     Year $     Year %  
    Net loss   $ (31,513 )   $ (14,406 )   $ (17,107 )     118.7 %
    Other expense (income), net     88       (63 )     151       -239.7 %
    Depreciation expense     24       7       17       242.9 %
    Stock based compensation     1,166       1,246       (80 )     -6.4 %
    Interest expense     —       1,068       (1,068 )     -100.0 %
    Interest expense – related party     3,047       4,486       (1,439 )     -32.1 %
    Income tax expense     —       —       —     nm  
    GEM settlement fee expense     200       —       200     nm  
    Gain on extinguishment of liabilities     (681 )     —       (681 )   nm  
    Loss on debt issuance     653       —       653     nm  
    Loss on issuance of term notes     1,072       —       1,072     nm  
    Loss on conversion and settlement of Alco promissory notes – related party     4,809       —       4,809     nm  
    Loss on conversion and settlement of CP BF notes – related party     6,529       —       6,529     nm  
    Change in fair value of warrant liability     (626 )     (1,807 )     1,181       -65.4 %
    Change in fair value of warrant liability – related party     (573 )     115       (688 )     -598.3 %
    Change in fair value of simple agreement for future equity     —       (208 )     208       -100.0 %
    Change in fair value of simple agreement for future equity – related party     —       (2,752 )     2,752       -100.0 %
    Change in fair value of bifurcated embedded derivative liabilities     —       (1,405 )     1,405       -100.0 %
    Change in fair value of bifurcated embedded derivative liabilities – related party     (51 )     (3,063 )     3,012       -98.3 %
    Change in fair value of convertible notes     693       (34 )     727       -2138.2 %
    Change in fair value of term notes     89       —       89     nm  
    Change in fair value of convertible bridge notes     (10 )     —       (10 )   nm  
    Yorkville prepayment premium expense     81       —       81     nm  
    Goodwill impairment     2,725       —       2,725     nm  
    Transaction related expenses     5,772       4,746       1,026       21.6 %
    Adjusted EBITDA (Loss)   $ (6,506 )   $ (11,944 )   $ 5,438       -45.5 %


    About Banzai

    Banzai is a marketing technology company that provides AI-enabled marketing and sales solutions for businesses of all sizes. On a mission to help their customers grow, Banzai enables companies of all sizes to target, engage, and measure both new and existing customers more effectively. Customers who use Banzai’s product suite include Autodesk, Dell Technologies, New York Life, Thermo Fisher Scientific, Thinkific, and ActiveCampaign, among thousands of others. Learn more at www.banzai.io. For investors, please visit https://ir.banzai.io.

    Forward-Looking Statements

    This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements often use words such as “believe,” “may,” “will,” “estimate,” “target,” “continue,” “anticipate,” “intend,” “expect,” “should,” “would,” “propose,” “plan,” “project,” “forecast,” “predict,” “potential,” “seek,” “future,” “outlook,” and similar variations and expressions. Forward-looking statements are those that do not relate strictly to historical or current facts. Examples of forward-looking statements may include, among others, statements regarding Banzai International, Inc.’s (the “Company’s”): future financial, business and operating performance and goals; annualized recurring revenue and customer retention; ongoing, future or ability to maintain or improve its financial position, cash flows, and liquidity and its expected financial needs; potential financing and ability to obtain financing; acquisition strategy and proposed acquisitions and, if completed, their potential success and financial contributions; strategy and strategic goals, including being able to capitalize on opportunities; expectations relating to the Company’s industry, outlook and market trends; total addressable market and serviceable addressable market and related projections; plans, strategies and expectations for retaining existing or acquiring new customers, increasing revenue and executing growth initiatives; and product areas of focus and additional products that may be sold in the future. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Forward-looking statements are not guarantees of future performance, and our actual results of operations, financial condition and liquidity and development of the industry in which the Company operates may differ materially from those made in or suggested by the forward-looking statements. Therefore, investors should not rely on any of these forward-looking statements. Factors that may cause actual results to differ materially include changes in the markets in which the Company operates, customer demand, the financial markets, economic, business and regulatory and other factors, such as the Company’s ability to execute on its strategy. More detailed information about risk factors can be found in the Company’s Annual Report on Form 10-K and the Company’s Quarterly Reports on Form 10-Q under the heading “Risk Factors,” and in other reports filed by the Company, including reports on Form 8-K. The Company does not undertake any duty to update forward-looking statements after the date of this press release.

    Investor Relations
    Chris Tyson
    Executive Vice President
    MZ Group – MZ North America
    949-491-8235
    BNZI@mzgroup.us
    www.mzgroup.us

    Media
    Rachel Meyrowitz
    Director, Demand Generation, Banzai
    media@banzai.io

     
    BANZAI INTERNATIONAL, INC.
    Consolidated Balance Sheets
     
        December 31, 2024     December 31, 2023  
    ASSETS            
    Current assets:            
    Cash   $ 1,087,497     $ 2,093,718  
    Accounts receivable, net of allowance for credit losses of $24,210 and $5,748, respectively     936,321       105,049  
    Prepaid expenses and other current assets     643,674       741,155  
    Total current assets     2,667,492       2,939,922  
                 
    Property and equipment, net     3,539       4,644  
    Intangible assets, net     3,883,853       —  
    Goodwill     18,972,475       2,171,526  
    Operating lease right-of-use assets     72,565       134,013  
    Bifurcated embedded derivative asset – related party     63,000       —  
    Other assets     11,154       38,381  
    Total assets     25,674,078       5,288,486  
                 
    LIABILITIES AND STOCKHOLDERS’ DEFICIT            
    Current liabilities:            
    Accounts payable     7,782,746       6,439,863  
    Accrued expenses and other current liabilities     3,891,018       5,194,240  
    Convertible notes (Yorkville)     —       1,766,000  
    Convertible notes – related party     8,639,701       5,233,932  
    Convertible notes     215,057       —  
    Notes payable – related party, net of discount     —       9,164,924  
    Notes payable, carried at fair value     3,575,000       —  
    Deferred underwriting fees     —       4,000,000  
    Deferred fee     —       500,000  
    Warrant liability     15,000       641,000  
    Warrant liability – related party     2,300       575,000  
    Earnout liability     14,850       59,399  
    Due to related party     167,118       67,118  
    GEM commitment fee liability     —       2,000,000  
    Deferred revenue     3,934,627       1,214,096  
    Operating lease liabilities, current     22,731       234,043  
    Total current liabilities     28,260,148       37,089,615  
                 
    Deferred revenue – long-term     117,643       —  
    Deferred tax liability     10,115       —  
    Operating lease liabilities, non-current     49,974       —  
    Other long-term liabilities     —       75,000  
    Total liabilities     28,437,880       37,164,615  
                 
    Commitments and contingencies (Note 17)            
                 
    Stockholders’ equity (deficit):            
    Common stock, $0.0001 par value, 275,000,000 (250,000,000 Class A and 25,000,000 Class B) shares authorized and 8,195,163 (5,884,029 Class A and 2,311,134 Class B) and 2,585,297 (274,163 Class A and 2,311,134 Class B) issued and outstanding at December 31, 2024 and December 31, 2023, respectively     800       259  
    Preferred stock, $0.0001 par value, 75,000,000 shares authorized, 1 and 0 shares issued and outstanding at December 31, 2024 and December 31, 2023     —       —  
    Additional paid-in capital     75,515,111       14,889,936  
    Accumulated deficit     (78,279,713 )     (46,766,324 )
    Stockholders’ equity (deficit)     (2,763,802 )     (31,876,129 )
    Total liabilities and stockholders’ equity (deficit)   $ 25,674,078     $ 5,288,486  
     
    BANZAI INTERNATIONAL, INC.
    Consolidated Statements of Operations
     
        For the Years Ended December 31,  
        2024     2023  
    Operating income:            
    Revenue   $ 4,527,879     $ 4,561,300  
    Cost of revenue     1,422,542       1,444,618  
    Gross profit     3,105,337       3,116,682  
                 
    Operating expenses:            
    General and administrative expenses     16,548,902       12,905,073  
    Depreciation and amortization expense     24,179       7,160  
    Total operating expenses     16,573,081       12,912,233  
                 
    Operating loss     (13,467,744 )     (9,795,551 )
                 
    Other expenses (income):            
    SEPA commitment fee and deferred fee expense     —       3,826,176  
    GEM warrant expense     —       2,448,000  
    GEM commitment fee expense     —       2,000,000  
    GEM settlement fee expense     200,000       —  
    Other expense (income), net     88,329       (62,985 )
    Interest income     (10 )     (813 )
    Interest expense     —       1,068,447  
    Interest expense – related party     3,047,101       4,486,027  
    Gain on extinguishment of liabilities     (680,762 )     —  
    Loss on debt issuance     653,208       —  
    Loss on extinguishment of term notes     1,071,563       —  
    Loss on conversion and settlement of Alco promissory notes – related party     4,808,882       —  
    Loss on conversion and settlement of CP BF notes – related party     6,529,402       —  
    Change in fair value of warrant liability     (626,000 )     (1,807,000 )
    Change in fair value of warrant liability – related party     (572,700 )     115,000  
    Change in fair value of simple agreement for future equity     —       (207,570 )
    Change in fair value of simple agreement for future equity – related party     —       (2,752,430 )
    Change in fair value of bifurcated embedded derivative liabilities     —       (1,404,863 )
    Change in fair value of bifurcated embedded derivative liabilities – related party     (51,000 )     (3,063,278 )
    Change in fair value of convertible notes     693,000       (34,000 )
    Change in fair value of term notes     88,588       —  
    Change in fair value of convertible bridge notes     (10,176 )     —  
    Yorkville prepayment premium expense     80,760       —  
    Goodwill impairment     2,725,460       —  
    Total other expenses, net     18,045,645       4,610,711  
    Loss before income taxes     (31,513,389 )     (14,406,262 )
    Income tax expense     —       —  
    Net loss     (31,513,389 )     (14,406,262 )
                 
    Deemed dividend – Series A and Series B warrant modification (net of tax)     (418,360 )     —  
                 
    Net loss attributable to common shareholders   $ (31,095,029 )   $ (14,406,262 )
                 
    Net loss per share attributable to common shareholders            
    Basic and diluted   $ (6.97 )   $ (6.00 )
                 
    Weighted average common shares outstanding            
    Basic and diluted     4,458,169       2,401,988  
     
    BANZAI INTERNATIONAL, INC.
    Consolidated Statements of Cash Flows
     
        For the Years Ended December 31,  
        2024     2023  
    Cash flows from operating activities:            
    Net loss   $ (31,513,389 )   $ (14,406,262 )
    Adjustments to reconcile net loss to net cash used in operating activities:            
    Depreciation and amortization expense     24,179       7,160  
    Provision for credit losses on accounts receivable     18,462       (102,112 )
    Non-cash shares issued to Yorkville for aggregate commitment fee     —       3,288,000  
    Non-cash issuance of warrants accounted for as liabilities     —       2,448,000  
    Non-cash share issuance for marketing expenses     245,252       —  
    Non-cash settlement of GEM commitment fee     200,000       2,000,000  
    Non-cash share issuance for Yorkville redemption premium     80,760       —  
    Discount at issuance on notes carried at fair value     747,962       686,016  
    Non-cash interest expense – related party     1,532,475       513,977  
    Amortization of debt discount and issuance costs     —       958,822  
    Amortization of debt discount and issuance costs – related party     1,393,785       2,410,735  
    Amortization of operating lease right-of-use assets     137,717       173,245  
    Stock based compensation expense     1,165,680       1,245,796  
    Gain on extinguishment of liability     (680,762 )     —  
    Loss on conversion and settlement of Alco promissory notes – related party     4,808,882       —  
    Loss on conversion and settlement of CP BF notes – related party     6,529,402       —  
    Loss on debt issuance     653,208       —  
    Loss on extinguishment of term notes     1,071,563       —  
    Impairment loss     2,725,460       —  
    Excise tax     —       305,719  
    Change in fair value of warrant liability     (626,000 )     (1,807,000 )
    Change in fair value of warrant liability – related party     (572,700 )     115,000  
    Change in fair value of simple agreement for future equity     —       (207,570 )
    Change in fair value of simple agreement for future equity – related party     —       (2,752,430 )
    Change in fair value of bifurcated embedded derivative liabilities     —       (1,404,863 )
    Change in fair value of bifurcated embedded derivative liabilities – related party     (51,000 )     (3,063,278 )
    Change in fair value of convertible promissory notes     693,000       (34,000 )
    Change in fair value of term notes     88,588       —  
    Change in fair value of convertible bridge notes     (10,176 )     —  
    Changes in operating assets and liabilities:            
    Accounts receivable     15,828       65,479  
    Prepaid expenses and other current assets     551,645       (407,648 )
    Other assets     27,227       —  
    Deferred offering costs     —       (1,708,163 )
    Accounts payable     1,012,281       5,339,614  
    Due to related party     —       67,118  
    Deferred revenue     (6,315 )     283,660  
    Accrued expenses     498,051       4,448,867  
    Operating lease liabilities     (237,607 )     (284,963 )
    Earnout liability     (44,549 )     (229,700 )
    Deferred fees     —       500,000  
    Deferred revenue – long-term     10,573       —  
    Deferred tax liability     10,115       —  
    Other long-term liabilities     (75,000 )     —  
    Net cash used in operating activities     (9,575,403 )     (1,550,781 )
    Cash flows from investing activities:            
    Cash acquired in acquisition of OpenReel     82,219       —  
    Net cash provided by investing activities     82,219       —  
    Cash flows from financing activities:            
    Effect of Merger, net of transaction costs (Note 4)     —       (7,615,462 )
    Payment of GEM commitment fee     (1,200,000 )     —  
    Repayment of convertible notes (Yorkville)     (750,000 )     —  
    Proceeds from term notes, net of issuance costs     2,782,438       —  
    Repayment of term notes     (1,939,583 )     —  
    Partial repayment of convertible notes – related party     (283,315 )     —  
    Proceeds from Yorkville redemption premium     35,040       —  
    Proceeds from advance from related party     100,000       —  
    Proceeds from issuance of GEM promissory note     —       —  
    Proceeds from issuance of notes payable, net of issuance costs – related party     —       4,387,701  
    Proceeds from issuance of convertible notes, net of issuance costs     2,602,000       3,235,000  
    Proceeds from issuance of convertible notes, net of issuance costs – related party     —       2,583,000  
    Proceeds received for exercise of Pre-Funded warrants     2,072       —  
    Proceeds from issuance of shares to Yorkville under the SEPA agreement     880,943       —  
    Proceeds from issuance of common stock     6,257,368       30,761  
    Net cash provided by financing activities     8,486,963       2,621,000  
    Net decrease in cash     (1,006,221 )     1,070,219  
    Cash at beginning of period     2,093,718       1,023,499  
    Cash at end of period   $ 1,087,497     $ 2,093,718  

    The MIL Network –

  • MIL-OSI: Patria Announces First Quarter 2025 Investor Call

    Source: GlobeNewswire (MIL-OSI)

    GRAND CAYMAN, Cayman Islands, April 15, 2025 (GLOBE NEWSWIRE) — Patria (Nasdaq:PAX) announced today that it will release financial results for the first quarter 2025 on Friday, May 2, 2025, and host a conference call via public webcast at 9:00 a.m. ET.

    To register, please use the following link: https://edge.media-server.com/mmc/p/ah6qnzkp

    For those unable to listen to the live broadcast, there will be a webcast replay on the Shareholders section of Patria’s website at https://ir.patria.com/.

    Patria distributes its earnings releases via its website and email lists. Those interested in firm updates can sign up to receive Patria press releases via email at https://ir.patria.com/ir-resources/email-alerts.

    About Patria

    Patria is a global alternative asset manager and industry leader in Latin America. Founded over 35 years ago, Patria has total assets under management of $41.9 billion, and offices in 13 cities on 4 continents. Patria aims to generate attractive long-term investment returns and, through a diversified platform with strategies that include Private Equity, Infrastructure, Credit, Real Estate, Public Equities and Global Private Markets Solutions, serve as the gateway to alternative investments for both local investors in Latin America, as well as global investors. Further information is available at www.patria.com.

    Contact

    Patria Shareholder Relations
    PatriaShareholderRelations@patria.com
    t +1 917 769 1611

    The MIL Network –

  • MIL-OSI: Eightco announces Full-Year 2024 Financial Results

    Source: GlobeNewswire (MIL-OSI)

    • 2024 revenues of $39.6 million down from $67.6 million, driven by reduction in capital available for cell phone sales after repayment of the previously outstanding convertible note
    • 2024 Gross Profit of $6.0 million, down from $6.2mn

    Easton, PA, April 15, 2025 (GLOBE NEWSWIRE) — Eightco Holdings Inc. (NASDAQ: OCTO) (the “Company” or “Eightco”), today announced financial results for the fiscal year ended December 31, 2024.

    Paul Vassilakos, CEO of Eightco and President of Forever 8 Fund, LLC (“Forever 8”), the Company’s largest subsidiary, said “We continue to improve all aspects of our cost structure and focus on our highest growth priorities to deliver long-term value to shareholders. In the first quarter of 2024, the Company announced the repayment of a highly dilutive debt security and repurchased and cancelled a significant amount of outstanding warrants. We believe we now have a much cleaner capital structure that will help support our future advancements.”

    2024 financial highlights

    2024 fiscal year end (December 31, 2024) compared to 2023 fiscal year end (December 31, 2022).

        2024     2023  
    Revenues, net   $ 39,621,272     $ 67,568,353  
    Cost of revenues     33,639,274       61,308,561  
    Gross profit     5,981,998       6,259,792  
                     
    Operating expenses:                
    Selling, general and administrative expenses     12,759,719       14,805,627  
    Restructuring and severance     1,414,838       2,133,982  
    Total operating expenses     14,174,557       16,939,609  
    Operating loss     (8,192,559 )     (10,679,817 )


    About Eightco Holdings, Inc.

    Eightco (NASDAQ: OCTO) is committed to growth of its subsidiary, Forever 8 Fund, LLC, an inventory capital and management platform for e-commerce sellers. In addition, the Company is actively seeking new opportunities to add to its portfolio of technology solutions focused on the e-commerce ecosystem through strategic acquisitions. Through a combination of innovative strategies and focused execution, Eightco aims to create significant value and growth for its stockholders.

    For additional information, please visit www.8co.holdings and www.forever8.com.

    Forward-Looking Statements

    This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements in this press release other than statements of historical fact could be deemed forward looking. Words such as “plans,” “expects,” “will,” “anticipates,” “continue,” “expand,” “advance,” “develop” “believes,” “guidance,” “target,” “may,” “remain,” “project,” “outlook,” “intend,” “estimate,” “could,” “should,” and other words and terms of similar meaning and expression are intended to identify forward-looking statements, although not all forward-looking statements contain such terms. Forward-looking statements are based on management’s current beliefs and assumptions that are subject to risks and uncertainties and are not guarantees of future performance. Actual results could differ materially from those contained in any forward-looking statement as a result of various factors, including, without limitation: Eightco’s ability to maintain compliance with the Nasdaq’s continued listing requirements; unexpected costs, charges or expenses that reduce Eightco’s capital resources; Eightco’s inability to raise adequate capital to fund its business; and Eightco’s inability to innovate and attract users for Eightco’s products and services. Given these risks and uncertainties, you are cautioned not to place undue reliance on such forward-looking statements. For a discussion of other risks and uncertainties, and other important factors, any of which could cause Eightco’s actual results to differ from those contained in forward-looking statements, see Eightco’s filings with the SEC, including in its Annual Report on Form 10-K filed with the SEC on April 15, 2025. All information in this press release is as of the date of the release, and Eightco undertakes no duty to update this information or to publicly announce the results of any revisions to any of such statements to reflect future events or developments, except as required by law.

    For further information, please contact:
    Investor Relations
    investors@8co.holdings

    The MIL Network –

  • MIL-OSI: LPL Financial Announces Promotion of Five Executives to New Managing Director Roles

    Source: GlobeNewswire (MIL-OSI)

    SAN DIEGO, April 15, 2025 (GLOBE NEWSWIRE) — LPL Financial LLC (Nasdaq:LPLA), today announced that five of its executives have been promoted into new Managing Director roles. Christa Carone, Gary Carrai, Brett Goodman, Scott Posner and Brent Simonich have been elevated from Executive Vice President positions and will become Managing Directors at the firm.

    These roles represent a new management level for the firm and demonstrate an acknowledgement of the broadening scope and impact of the firm’s leaders in a variety of functions. Current Managing Directors Althea Brown, Marc Cohen, Matthew Enyedi, Greg Gates and Aneri Jambusaria will become Group Managing Directors and will continue in their roles on LPL’s Management Committee alongside CEO Rich Steinmeier and President and CFO Matt Audette.

    “LPL is a firm that attracts the best talent in the industry. As the firm grows, the scope and impact of our executive management team grows along with it, offering an opportunity to empower more of our incredible leaders to guide the firm’s strategic direction and champion the culture we aspire to uphold” said LPL Financial CEO Rich Steinmeier. “Each of these exceptional leaders embodies our corporate values and has demonstrated influence across the firm and the broader industry in their respective areas of expertise. We are thrilled to elevate and expand the leadership of LPL in alignment with our vision to be the best firm in wealth management.”

    Promoted Executives

    Christa Carone, Managing Director, Chief Marketing and Communication Officer
    As Chief Marketing and Communication Officer for LPL, Christa Carone is responsible for leading the firm’s brand and growth marketing initiatives, digital content experiences, and communication strategies across all audiences. Prior to joining LPL, she held marketing leadership roles at a variety of companies including Fidelity Investments and Xerox.

    Gary Carrai, Managing Director, Chief Product Officer
    Gary Carrai leads LPL’s technology product teams. He is responsible for driving the design and delivery of the operating platform used by all advisor and institutional clients. Gary has held several leadership roles at LPL, including leading advisor business lines, and divisions within the wealth management solutions team.

    Brett Goodman, Managing Director, Corporate Development, Treasury, and Investor Relations
    Brett Goodman leads the firm’s M&A strategy and execution, serves as LPL’s treasurer, and oversees the firm’s engagement with shareholders. Prior to LPL, Brett served as a Managing Director at Morgan Stanley and Chief Development Officer at E*TRADE.

    Scott Posner, Managing Director, Business Development
    Scott Posner leads Business Development for LPL and is responsible for organic growth initiatives across the firm including advisor recruiting, institutional sales, external liquidity and succession, and business transitions. He has been instrumental in evolving the firm’s recruiting team and structure and for delivering extraordinary results. Prior to joining LPL, Scott was a partner in business services at IBM and held leadership roles at BNY Mellon.

    Brent Simonich, Managing Director, Chief Risk Officer, Head of Business Operations
    Brent Simonich leads LPL’s Risk, Compliance, Operations and Transformation teams and has a proven track record of establishing strong governance programs, delivering outcomes and creating scale. Prior to joining LPL, Brent served as executive vice president and chief risk officer at E*TRADE.

    Managing Directors were elevated following a robust formal evaluation process. Going forward, LPL will continue to review candidates for Managing Director roles as part of an annual development and advancement process.

    About LPL Financial

    LPL Financial Holdings Inc. (Nasdaq: LPLA) is among the fastest growing wealth management firms in the U.S. As a leader in the financial advisor-mediated marketplace, LPL supports nearly 29,000 financial advisors and the wealth management practices of approximately 1,200 financial institutions, servicing and custodying approximately $1.7 trillion in brokerage and advisory assets on behalf of approximately 6 million Americans. The firm provides a wide range of advisor affiliation models, investment solutions, fintech tools and practice management services, ensuring that advisors and institutions have the flexibility to choose the business model, services, and technology resources they need to run thriving businesses. For further information about LPL, please visit www.lpl.com.

    Securities and advisory services offered through LPL Financial LLC (“LPL Financial”), a registered investment advisor and broker-dealer, member FINRA/SIPC.

    Throughout this communication, the terms “financial advisors” and “advisors” are used to refer to registered representatives and/or investment advisor representatives affiliated with LPL Financial.

    We routinely disclose information that may be important to shareholders in the “Investor Relations” or “Press Releases” section of our website.

    Media Contact: 
    Media.relations@LPLFinancial.com 
    (402) 740-2047 

    Tracking #: 725567

    The MIL Network –

  • MIL-OSI: Ostin Technology Group Announces Pricing of $5.0 million Registered Direct Offering

    Source: GlobeNewswire (MIL-OSI)

    Nanjing, China, April 15, 2025 (GLOBE NEWSWIRE) — Ostin Technology Group Co., Ltd. (“the Company”) (Nasdaq: OST), a leading supplier of display modules and polarizers based in China, today announced that it has entered into a securities purchase agreement with several investors for the purchase and sale of (i) 9,090,908 Class A ordinary shares (the “Class A Ordinary Shares”), par value $0.001 per share, of the Company; and (ii) Class A Ordinary Share purchase warrants to purchase up to 90,909,080 Class A Ordinary Shares (the “Warrants”); and (iii) up to 90,909,080 Class A Ordinary Shares issuable upon exercise of the Warrants. Each Class A Ordinary Share is being sold together with two associated Warrants, each to purchase one Class A Ordinary Share at a combined offering price of $0.55 per Class A Ordinary Share and associated Warrants.

    The Warrants have an exercise price of $0.8 per Class A Ordinary Share, which will be immediately exercisable after issuance, and will expire two years from the date of issuance. The Warrants may be exercised on an alternative basis after one-month anniversary after the issuance pursuant to which the holder may exercise the Warrant for 0.9 times the number of Class A Ordinary Shares they would receive upon a standard exercise.

    Aggregate gross proceeds to the Company in respect of the offering (assuming no exercise of the Warrants) is expected to be approximately $5.0 million, before deducting other offering expenses payable by the Company. The offering was closed on April 15, 2025.

    The Class A Ordinary Shares, the Warrants and the Class A Ordinary Shares underlying the Warrants to be issued in the offering were issued pursuant to a shelf registration statement on Form F-3 (File No. 333-279177), which was declared effective by the U.S. Securities and Exchange Commission (the “SEC”) on May 28, 2024. The offering will be made only by means of a prospectus supplement that forms part of such registration statement. A prospectus supplement relating to the securities offered in the registered direct offering will be filed by the Company with the SEC. When available, copies of the prospectus supplement relating to the registered direct offering, together with the accompanying prospectus, can be obtained at the SEC’s website at www.sec.gov.

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

    About Ostin Technology Group Co., Ltd.

    Founded in 2010, the Company is a supplier of display modules and polarizers in China. The Company designs, develops, and manufactures TFT-LCD display modules in a wide range of sizes and customized sizes which are mainly used in consumer electronics, outdoor LCD displays, and automotive displays. The Company also manufactures polarizers used in the TFT-LCD display modules.

    For more information, please visit http://ostin-technology.com/index.html

    Forward-Looking Statement

    This press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, underlying assumptions, and other statements that are other than statements of historical facts. When the Company uses words such as “may, “will, “intend,” “should,” “believe,” “expect,” “anticipate,” “project,” “estimate” or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company’s expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the following: the Company’s goals and strategies; the Company’s forecast on market trends; the Company’s future business development; the demand for and market acceptance for new products; expectation to receive customer orders for new products; the anticipated timing for the marketing and sales of new products; changes in technology; the Company’s ability to attract and retain skilled professionals; client concentration; and general economic conditions affecting the Company’s industry and assumptions underlying or related to any of the foregoing and other risks contained in reports filed by the Company with the SEC. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company’s filings with the SEC, which are available for review at www.sec.gov. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof.

    For more information, please contact:

    Ostin Technology Group Co., Ltd.
    ir@austinelec.com

    Investor Relations:

    Janice Wang
    Wealth Financial Services LLC
    Phone: +86 13811768599 +1 628 283 9214
    Email: services@wealthfsllc.com

    The MIL Network –

  • MIL-OSI: Provident Bank’s Community Partnership Program Donates Over $931,000 to Local Non-Profits Since 2006

    Source: GlobeNewswire (MIL-OSI)

    RIVERSIDE, Calif., April 15, 2025 (GLOBE NEWSWIRE) — Provident Financial Holdings, Inc., NASDAQ GS: PROV, the holding company for Provident Savings Bank, F.S.B. (“Provident Bank”) has donated over $931,000 to local non-profits with their Community Partnership Program (“Program”) since the Program’s inception in 2006. For the calendar year 2024, Provident Bank donated more than $39,000 to local non-profit organizations such as service groups, parent teacher associations, homeowner’s associations, booster clubs, foundations, church groups, and societies, among others in Riverside and San Bernardino Counties.

    “The Bank realizes the importance of giving back to local, non-profit organizations that improve the quality of life in the communities we serve. By empowering our customers to help direct the Bank’s charitable campaigns, we assist in fulfilling the goals of these admirable organizations,” stated Gwen Wertz, Senior Vice President of Retail Banking.

    Provident Bank’s Community Partnership Program allows participating non-profit organizations to receive annual donations by simply linking their unique ID number to their members who are customers of Provident Bank. Organizations can earn more as more of their members link their accounts to their unique ID. Of course, some restrictions apply and interested groups are encouraged to contact Provident Bank for more information about the Program. You can reach Provident Bank at (800) 745-2217 to ask about the Community Partnership Program or by visiting www.myprovident.com.

    With approximately $1.3 billion in total assets, Provident Bank is the largest independent community bank headquartered in Riverside County, California, and has been serving the financial needs of its customers since 1956.

    Safe-Harbor Statement

    Certain matters in this News Release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements may relate to, among others, expectations of the business environment in which the Company operates, projections of future performance, perceived opportunities in the market, potential future credit experience, and statements regarding the Company’s mission and vision. These forward-looking statements are based upon current management expectations, and may, therefore, involve risks and uncertainties. The Company’s actual results, performance, or achievements may differ materially from those suggested, expressed, or implied by forward-looking statements as a result of a wide range of factors including, but not limited to, the general business environment, interest rates, the California real estate market, competitive conditions between banks and non-bank financial services providers, regulatory changes, and other risks detailed in the Company’s reports filed with the Securities and Exchange Commission, including its Annual Report on Form 10-K for the fiscal year ended June 30, 2024.

    Contacts:

    Donavon P. Ternes
    President and Chief Executive Officer

    Haryanto “Lee” Sunarto
    Interim Chief Financial Officer

    (951) 686-6060

    The MIL Network –

  • MIL-OSI: Montauk Renewables, Inc. Announces Share Repurchase Program

    Source: GlobeNewswire (MIL-OSI)

    PITTSBURGH, April 15, 2025 (GLOBE NEWSWIRE) — Montauk Renewables, Inc. (NASDAQ: MNTK) (“Montauk” or the “Company”), announced today that the Company’s Board of Directors has authorized a share repurchase program to repurchase up to $5,000,000 of the Company’s issued and outstanding common stock, effective immediately with no date for termination.

    Repurchases under the program may be made through open market transactions, privately negotiated transactions or otherwise in accordance with applicable federal securities laws. The timing, number and purchase price of shares repurchased under the program, if any, will be determined by a Repurchase Committee, comprised of Board members and management.

    The repurchase program may be suspended, terminated or modified at any time for any reason, including market conditions, the cost of repurchasing shares, the availability of alternative investment opportunities, liquidity, and other factors deemed appropriate. These factors may also affect the timing and amount of share repurchases. The repurchase program does not obligate the Company to purchase any number of shares and there is no assurance that purchases will take place under the program.

    About Montauk Renewables, Inc.

    Montauk Renewables, Inc. (NASDAQ: MNTK) is a renewable energy company specializing in the management, recovery and conversion of biogas into RNG. The Company captures methane, preventing it from being released into the atmosphere, and converts it into either RNG or electrical power for the electrical grid (“Renewable Electricity”). The Company, headquartered in Pittsburgh, Pennsylvania, has more than 30 years of experience in the development, operation and management of landfill methane-fueled renewable energy projects. The Company has operations at 13 projects and ongoing development projects located in California, Idaho, Ohio, Oklahoma, Pennsylvania, North Carolina, South Carolina, and Texas. The Company sells RNG and Renewable Electricity, taking advantage of Environmental Attribute premiums available under federal and state policies that incentivize their use. For more information, visit https://ir.montaukrenewables.com.

    Company Contact:

    John Ciroli
    Chief Legal Officer (CLO) & Secretary
    investors@montaukrenewables.com
    (412) 747-8700

    Investor Relations Contact:

    Georg Venturatos
    Gateway Group
    MNTK@Gateway-grp.com
    (949) 574-3860

    Forward Looking Statement

    This press release contains forward-looking statements including, among other things, statements regarding share repurchases. Any forward-looking statements contained in this press release represent our estimates, expectations or intentions only as of the date hereof, and should not be relied upon as representing our views as of any subsequent date. These statements involve a number of risks, assumptions and uncertainties. If the risks materialize, assumptions prove incorrect, or we experience unexpected changes in circumstances, actual results could differ materially from the results implied by these forward-looking statements. These risks and uncertainties include, but are not limited to, expectations of the economic environment, material adverse changes in economic conditions, alternative uses of capital, and the other risks contained in our other public disclosures discussing our business and financial condition and results. As a result, we caution against placing undue reliance on any forward-looking statement. For information on potential risks and uncertainties that could cause actual results to differ, please see the “Risks Factors” section of our annual report on Form 10-K for the year ended December 31, 2024 and subsequent quarterly reports and other filings filed with the Securities and Exchange Commission from time to time. While we may elect to update forward-looking statements at some point in the future, we specifically disclaim any obligation to do so.

    The MIL Network –

  • MIL-OSI: Diginex Limited and AIKYA Announce Strategic Alliance to Launch diginexESG in Malaysia, Advancing ESG Reporting and Sustainable Finance

    Source: GlobeNewswire (MIL-OSI)

    LONDON, April 15, 2025 (GLOBE NEWSWIRE) — Diginex Limited (“Diginex”) (NASDAQ: DGNX), a leading impact technology company specializing in environmental, social, and governance (“ESG”) solutions, today announced a strategic alliance with AIKYA, a leading AI & big data technology company with around 2.5 million users, to launch its award-winning ESG reporting platform, diginexESG, in Malaysia that was signed on March 18, 2025 with upfront license fee tranche due to Diginex completed today. This collaboration aims to empower Malaysian businesses to enhance ESG transparency, streamline compliance, and drive sustainable finance initiatives in alignment with Malaysia’s sustainability goals.

    The alliance combines Diginex’s cutting-edge technology, including blockchain and AI-driven data analytics, with AIKYA’s deep expertise in technology deployment. Together, they will deliver diginexESG to Malaysian companies of all sizes, enabling them to meet global ESG standards, such as the Global Reporting Initiative or “GRI”, the Sustainability Accounting Standards Board or “SASB”, and the Taskforce on Climate-related Financial Disclosure or “TCFD,” while addressing local frameworks like Bursa Malaysia’s Sustainability Reporting Guidelines. The platform offers intuitive tools for data collection, materiality assessments, and report generation, helping businesses unlock the commercial benefits of sustainability.

    “This strategic relationship with AIKYA marks a significant milestone in expanding our presence in Southeast Asia,” said Mark Blick, CEO of Diginex. “Malaysia is a dynamic market with a strong commitment to sustainable development. By combining diginexESG with AIKYA’s product expertise, we aim to empower businesses to lead in ESG reporting and access sustainable finance opportunities, contributing to Malaysia’s Vision 2030 and net-zero ambitions.”

    AIKYA, known for its expertise in large financial inclusion projects with major government organisations, sees the alliance as a transformative step for Malaysian enterprises. “Our collaboration with Diginex brings world-class ESG technology to Malaysia, enabling companies to navigate complex reporting requirements and attract ESG-focused investments,” said Ramesh CR, Director of AIKYA. “We will support businesses from our Malayia operations in integrating sustainability into their core strategies, fostering resilience and long-term growth.”

    The launch of diginexESG in Malaysia comes at a pivotal time, as sustainable finance grows rapidly, with Malaysia’s green bond and sukuk market gaining traction. The platform’s ESG Ratings Support Service will help companies secure scores from agencies like CDP and Sustainalytics, enhancing their appeal to global investors. This initiative aligns with Malaysia’s leadership in ASEAN’s sustainable finance ecosystem, where green bonds issuance reached USD 4.8 billion in 2023, see ASEAN Sustainable Finance Report.

    About Diginex Limited

    Diginex Limited (Nasdaq: DGNX; ISIN KYG286871044), headquartered in London, is a sustainable RegTech business that empowers businesses and governments to streamline ESG, climate, and supply chain data collection and reporting. The Company utilizes blockchain, AI, machine learning and data analysis technology to lead change and increase transparency in corporate regulatory reporting and sustainable finance. Diginex’s products and services solutions enable companies to collect, evaluate and share sustainability data through easy-to-use software. 

    The award-winning diginexESG platform supports 17 global frameworks, including GRI (the “Global Reporting Initiative”), SASB (the “Sustainability Accounting Standards Board”), and TCFD (the “Task Force on Climate-related Financial Disclosures”). Clients benefit from end-to-end support, ranging from materiality assessments and data management to stakeholder engagement, report generation and an ESG Ratings Support Service.

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

    About AIKYA

    AIKYA Business Solution Private Limited (AIKYA) is a dynamic and innovative company headquartered in Bangalore, India, with operations in Malaysia. Specializing in providing comprehensive business solutions, AIKYA leverages cutting-edge technology and deep industry expertise to empower organizations across various sectors. With a focus on streamlining operations and enhancing productivity, AIKYA offers a wide range of services, including digital transformation, software development, and consulting.

    AIKYA’s mission is to foster growth and efficiency for its clients by delivering tailored solutions that meet their unique requirements. AIKYA is committed to building long-term partnerships with customers, ensuring they achieve their strategic objectives through effective and sustainable business practices. With a team of skilled professionals dedicated to excellence, AIKYA stands out as a trusted partner in navigating the complexities of the modern business landscape.

    For more information about their services and approach, you can visit their website at (https://aikya.net).

    Forward-Looking Statements

    Certain statements in this announcement are forward-looking statements. 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. Investors can identify these forward-looking statements by words or phrases such as “approximates,” “believes,” “hopes,” “expects,” “anticipates,” “estimates,” “projects,” “intends,” “plans,” “will,” “would,” “should,” “could,” “may” 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 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 and encourages investors to review other factors that may affect its future results disclosed in the Company’s filings with the SEC.

    For investor and media inquiries, please contact:

    Diginex
    Investor Relations
    Email: ir@diginex.com  

    IR Contact – Europe
    Anna Höffken
    Phone: +49.40.609186.0
    Email: diginex@kirchhoff.de

    IR Contact – US
    Jackson Lin
    Lambert by LLYC
    Phone: +1 (646) 717-4593
    Email: jian.lin@llyc.global  

    IR Contact – Asia
    Shelly Cheng
    Strategic Public Relations Group Ltd.
    Phone: +852 2864 4857
    Email: sprg_diginex@sprg.com.hk

    AIKYA Contact
    Ramesh CR
    Email: Ramesh.cr@aikya.net

    The MIL Network –

  • MIL-OSI: Mercury Systems to Report Third Quarter Fiscal Year 2025 Financial Results on May 6, 2025

    Source: GlobeNewswire (MIL-OSI)

    ANDOVER, Mass., April 15, 2025 (GLOBE NEWSWIRE) — Mercury Systems Inc. (NASDAQ: MRCY, www.mrcy.com), a technology company that delivers mission-critical processing power to the edge, will release its third quarter fiscal year 2025 financial results after the market close on Tuesday, May 6, 2025.

    Management will host a conference call and simultaneous webcast at 5:00 p.m. ET on the same day to discuss Mercury’s quarterly financial results, business highlights, and outlook. In addition, Company representatives may answer questions concerning business and financial developments and trends, the Company’s view on earnings forecasts, and other business and financial matters affecting the Company, the responses to which may contain information that has not been previously disclosed.

    To attend the conference call or webcast, participants should register online at ir.mrcy.com/events-presentations. Participants are requested to register a day in advance or at a minimum 15 minutes before the start of the call. A replay of the webcast will be available two hours after the call and archived on the same web page for six months.

    Mercury Systems – Innovation that matters®
    Mercury Systems is a technology company that delivers mission-critical processing power to the edge, making advanced technologies profoundly more accessible for today’s most challenging aerospace and defense missions. The Mercury Processing Platform allows customers to tap into innovative capabilities from silicon to system scale, turning data into decisions on timelines that matter. Mercury’s products and solutions are deployed in more than 300 programs and across 35 countries, enabling a broad range of applications in mission computing, sensor processing, command and control, and communications. Mercury is headquartered in Andover, Massachusetts, and has 23 locations worldwide. To learn more, visit mrcy.com. (Nasdaq: MRCY)

    CONTACT
    Tyler Hojo
    Vice President, Investor Relations
    Tyler.Hojo@mrcy.com

    The MIL Network –

  • MIL-OSI: LanzaTech Announces Fourth-Quarter and Full-Year 2024 Financial Results

    Source: GlobeNewswire (MIL-OSI)

    CHICAGO, April 15, 2025 (GLOBE NEWSWIRE) — LanzaTech Global, Inc. (NASDAQ: LNZA) (“LanzaTech” or the “Company”), a carbon management solutions company, today filed its annual report for the fiscal year ended December 31, 2024 (the “Form 10-K”).

    Key Takeaways:

    • Reported total revenue of $12.0 million for fourth-quarter 2024 as compared to $20.5 million for fourth-quarter 2023. The decrease was driven primarily by fourth-quarter 2023 benefiting from engineering services performed across several projects which were subsequently completed. Fourth-quarter 2024 revenue was within the forecasted range of potential outcomes previously provided, albeit at the low end of the range due to continued timing delays with several large biorefining projects that remain underway.
    • Reported revenue of $49.6 million for full-year 2024 as compared to $62.6 million for full-year 2023. The year-over-year decrease was primarily driven by 2023 results benefiting from projects that have since reached the completion of their current development phase, coupled with timing delays related to several large biorefining projects experienced throughout 2024.
    • Shifting the Company’s core operational focus from research and development to global deployment LanzaTech’s commercially proven technology is underway, with actions being taken to sharpen the business focus and improve the Company’s cost structure.
    • Evaluating liquidity enhancing initiatives, including capital raising, partnership or asset-related opportunities, and other strategic options. Management has concluded that these initiatives and cost reduction plans do not alleviate substantial doubt about the Company’s ability to continue as a going concern, per applicable GAAP requirements.

    Fourth-Quarter and Full-Year 2024 Financial Results

    The table below outlines key reported fourth-quarter and full-year 2024 results ($ millions, unless noted):

      Three Months Ended December 31,   Years Ended December 31,
        2024       2023       2024       2023  
    Revenue $ 12.0     $ 20.5     $ 49.6     $ 62.6  
    Cost of revenue   5.6       12.0       26.0       45.0  
    Gross Profit   6.5       8.5       23.6       17.7  
    Operating expenses   33.5       27.1       132.6       124.0  
    Net loss   (27.0 )     (18.7 )     (137.7 )     (134.1 )
    Adjusted EBITDA loss (1) $ (21.2 )   $ (19.6 )   $ (88.2 )   $ (80.1 )

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

    Revenue

    • Reported total revenue of $12.0 million and $49.6 million for fourth-quarter and full-year 2024, respectively, as compared to total revenue of $20.5 million and $62.6 million for fourth-quarter and full-year 2023, respectively. The decrease during both periods was driven primarily by 2023 results benefiting from engineering and other services contracts with existing customers and government entities whose projects have since reached completion of their current development phase. Additionally, several large projects experienced timing delays during 2024, which impacted their transferring to the phase where revenue is recognized. Fourth-quarter 2024 revenues were within the forecasted range of potential outcomes previously provided, albeit at the low end of the range due to the aforementioned project delays. Two key projects that did not transfer to a third party, the phase in which revenues are recognized for these projects, were Project Drake in the European Union, and LanzaTech’s site under development in Norway. In addition, LanzaTech continues to expect additional LanzaJet shares to be issued with sublicensing events of LanzaJet’s alcohol-to-jet technology. These projects remain underway during 2025. Fourth-quarter 2024 results include revenue attributable to Project SECURE, which, in December of 2024, was awarded Department of Energy funding for the initiation of phase one of the project. Project SECURE is led by Technip Energies, in partnership with LanzaTech.
    • Joint Development Agreement (“JDA”) & Contract Research revenue for fourth-quarter and full-year 2024 was $1.7 million and $10.6 million, respectively, as compared to $4.2 million and $14.6 million for fourth-quarter and full-year 2023, respectively. The year-over-year decline in both cases was attributable to certain government projects being completed, compounded by a period of downtime prior to new projects commencing, primarily during the second half of 2024.
    • CarbonSmart™ revenue for fourth-quarter and full-year 2024 was $3.9 million and $7.9 million, respectively, as compared to $2.1 million and $5.3 million for fourth-quarter and full-year 2023, respectively. Fourth-quarter 2024 revenues increased by 88 percent as compared to fourth-quarter 2023 due to incremental direct fuel sales as a result of establishing licensing arrangements, partners, and supply chain infrastructure during third-quarter 2024.

    Cost of Revenue

    • Fourth-quarter and full-year 2024 cost of revenue was $5.6 million and $26.0 million, respectively, as compared to $12.0 million and $45.0 million for fourth-quarter and full-year 2023, respectively. Cost of revenue for fourth-quarter 2024 was largely comprised of the cost of the CarbonSmart product sold and headcount allocations related to the delivery of biorefining services and JDA work. Gross margin for fourth-quarter 2024 was 54 percent largely as a function of revenue mix, including additional lower-margin CarbonSmart sales.

    Operating Expenses

    • Fourth-quarter and full-year 2024 operating expenses were $33.5 million and $132.6 million, respectively, as compared to $27.1 million and $124.0 million for fourth-quarter and full-year 2023. The increase year-over-year was driven primarily by project-related expenses, like those incurred for Project Drake and LanzaTech’s project in Norway, that are expected to be recovered once the projects advance to Final Investment Decision (“FID”).

    Net Loss

    • Fourth-quarter and full-year 2024 net losses were $27.0 million and $137.7 million, respectively, as compared to fourth-quarter and full-year 2023 net losses of $18.7 million and $134.1 million, respectively. The increase was attributable to a non-cash expense on financial instruments, as well as the same factors that drove the reduction in revenue as compared to prior periods.

    Adjusted EBITDA Loss

    • Fourth-quarter and full-year 2024 adjusted EBITDA losses were $21.2 million and $88.2 million, respectively, as compared to adjusted EBITDA losses of $19.6 million and $80.1 million for fourth-quarter and full-year 2023, respectively. The increases in losses year-over-year are mainly attributable to the same factors that drove the reduction in revenue for the comparative periods.

    Balance Sheet and Liquidity

    As of December 31, 2024, LanzaTech had $58.1 million in total cash, restricted cash, and investments, compared to total cash of $89.1 million at the end of third-quarter 2024.

    About LanzaTech

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

    Forward Looking Statements

    This press release includes forward-looking statements regarding, among other things, the plans, strategies and prospects, both business and financial, of LanzaTech. These statements are based on the beliefs and assumptions of LanzaTech’s management. Although LanzaTech believes that its plans, intentions and expectations reflected in or suggested by these forward-looking statements are reasonable, LanzaTech cannot assure you that it will achieve or realize these plans, intentions or expectations. Forward-looking statements are inherently subject to risks, uncertainties and assumptions. Generally, statements that are not historical facts, including statements concerning possible or assumed future actions, business strategies, events or results of operations, are forward-looking statements. These statements may be preceded by, followed by or include the words “believes,” “estimates,” “expects,” “projects,” “forecasts,” “may,” “will,” “should,” “seeks,” “plans,” “scheduled,” “anticipates,” “intends” or similar expressions. The forward-looking statements are based on projections prepared by, and are the responsibility of, LanzaTech’s management. These forward-looking statements are not guarantees of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside LanzaTech’s control, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements, including the Company’s ability to continue to operate as a going concern. LanzaTech may be adversely affected by other economic, business, or competitive factors, and other risks and uncertainties, including those described under the header “Risk Factors” in its Form 10-K and in future SEC filings. New risk factors that may affect actual results or outcomes emerge from time to time and it is not possible to predict all such risk factors, nor can LanzaTech assess the impact of all such risk factors on its business, or the extent to which any factor or combination of factors may cause actual results to differ materially from those contained in any forward-looking statements. Forward-looking statements are not guarantees of performance. You should not put undue reliance on these statements, which speak only as of the date hereof. All forward-looking statements attributable to LanzaTech or persons acting on its behalf are expressly qualified in their entirety by the foregoing cautionary statements. LanzaTech undertakes no obligations to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

    Non-GAAP Financial Measures

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

    We define adjusted EBITDA as our net loss, excluding the impact of depreciation, interest income, net, stock-based compensation, change in fair value of warrant liabilities, change in fair value of SAFE liabilities, change in fair value of the FPA Put Option liability and Fixed Maturity Consideration, change in fair value of our outstanding convertible note, transaction costs on issuance of Forward Purchase Agreement, (loss) gain from equity method investees and other one-time costs related to the Business Combination and securities registration on Form S-4 and our registration statement on Form S-1. We monitor adjusted EBITDA because it is a key measure used by our management and Board of Directors to understand and evaluate our operating performance, to establish budgets, and to develop operational goals for managing our business. We believe adjusted EBITDA helps identify underlying trends in our business that could otherwise be masked by the effect of certain expenses that we include in net loss. Accordingly, we believe adjusted EBITDA provides useful information to investors, analysts, and others in understanding and evaluating our operating results and enhancing the overall understanding of our past performance and future prospects.

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

    LANZATECH GLOBAL INC.
    CONSOLIDATED BALANCE SHEETS
    (In thousands, except share and per share data)
      December 31,
        2024       2023  
    Assets      
    Current assets:      
    Cash and cash equivalents         $         43,499     $         75,585  
    Held-to-maturity investment securities                   12,374               45,159  
    Trade and other receivables, net of allowance                   9,456               11,157  
    Contract assets                   18,975               28,238  
    Other current assets                   15,030               12,561  
    Total current assets                   99,334               172,700  
    Property, plant and equipment, net                   22,333               22,823  
    Right-of-use assets                   26,790               18,309  
    Equity method investment                   4,363               7,066  
    Equity security investment                   14,990               14,990  
    Other non-current assets                   6,873               5,736  
    Total assets         $         174,683     $         241,624  
    Liabilities and Shareholders’ Equity      
    Current liabilities:      
    Accounts payable         $         5,289     $         4,060  
    Other accrued liabilities                   8,876               7,316  
    Warrants                   3,531               7,614  
    Fixed Maturity Consideration and current FPA Put Option liability                   4,123               —  
    Contract liabilities                   6,168               3,198  
    Accrued salaries and wages                   2,302               5,468  
    Current lease liabilities                   158               126  
    Total current liabilities                   30,447               27,782  
    Non-current lease liabilities                   30,619               19,816  
    Non-current contract liabilities                   5,233               8,233  
    Fixed Maturity Consideration                   —               7,228  
    FPA Put Option liability                   30,015               37,523  
    Brookfield SAFE liability                   13,223               25,150  
    Convertible Note                   51,112               —  
    Other long-term liabilities                   587               1,421  
    Total liabilities                   161,236               127,153  
           
    Shareholders’ Equity      
    Common stock, $0.0001 par value, 600,000,000 and 400,000,000 shares authorized; 194,915,711 and 196,642,451 shares issued and outstanding as of December 31, 2024 and December 31, 2023, respectively                   19               19  
    Additional paid-in capital                   981,638               943,960  
    Accumulated other comprehensive income                   1,393               2,364  
    Accumulated deficit                   (969,603 )             (831,872 )
    Total shareholders’ equity         $         13,447     $         114,471  
    Total liabilities and shareholders’ equity         $         174,683     $         241,624  
    LANZATECH GLOBAL INC.
    CONSOLIDATED STATEMENTS OF OPERATIONS
    (In thousands, except share and per share data)
      Three Months Ended December 31,   Years Ended December 31,
        2024       2023       2024       2023  
    Revenues:              
    Contracts with customers and grants $ 5,311     $ 13,834     $ 22,995     $ 45,953  
    CarbonSmart product sales   3,933       2,072       7,943       5,337  
    Collaborative arrangements   1,104       2,413       5,573       5,529  
    Related party transactions   1,682       2,144       13,081       5,812  
    Total revenues   12,030       20,463       49,592       62,631  
    Costs and operating expenses:              
    Contracts with customers and grants(1)   985       8,818       15,341       37,653  
    CarbonSmart product sales(1)   3,894       2,390       7,543       4,889  
    Collaborative arrangements(1)   532       761       2,566       2,265  
    Related party transactions(1)   157       22       520       172  
    Research and development expense   16,459       16,303       77,007       68,142  
    Depreciation expense   1,278       1,471       5,567       5,452  
    Selling, general and administrative expense   15,745       9,343       49,981       50,438  
    Total cost and operating expenses   39,050       39,108       158,525       169,011  
    Loss from operations   (27,020 )     (18,645 )     (108,933 )     (106,380 )
    Other income (expense):              
    Interest income, net   710       1,408       3,162       4,572  
    Other expense, net   5,616       524       (17,726 )     (29,388 )
    Total other expense, net   6,326       1,932       (14,564 )     (24,816 )
    Loss before income taxes   (20,694 )     (16,713 )     (123,497 )     (131,196 )
    Income tax expense   —       —       —       —  
    Loss from equity method investees, net   (6,299 )     (1,961 )     (14,234 )     (2,902 )
    Net loss $ (26,993 )   $ (18,674 )   $ (137,731 )   $ (134,098 )
                   
    Other comprehensive loss:              
    Changes in credit risk of fair value instruments   (1,096 )     —       (1,096 )     —  
    Foreign currency translation adjustments   322       578       124       (376 )
    Comprehensive loss $ (27,767 )   $ (18,096 )   $ (138,703 )   $ (134,474 )
                   
    Unpaid cumulative dividends on preferred stock   —       —       —       (4,117 )
    Net loss allocated to common shareholders $ (26,993 )   $ (18,674 )   $ (137,731 )   $ (138,215 )
                   
    Net loss per common share – basic and diluted $ (0.14 )   $ (0.10 )   $ (0.70 )   $ (0.79 )
    Weighted-average number of common shares outstanding – basic and diluted   197,789,128       196,227,601       197,579,945       176,023,219  

    (1) exclusive of depreciation

    LANZATECH GLOBAL INC.
    CONSOLIDATED STATEMENTS OF CASH FLOWS
    (In thousands)
      Years Ended December 31,
        2024       2023  
    Cash Flows From Operating Activities:      
    Net loss $ (137,731 )   $ (134,098 )
    Adjustments to reconcile net loss to net cash used in operating activities:      
    Share-based compensation expense   13,208       15,199  
    Gain on change in fair value of SAFE and warrant liabilities   (17,887 )     (14,471 )
    Loss on change in fair value of the FPA Put Option and the Fixed Maturity Consideration liabilities   23,510       44,300  
    Loss on change in fair value of Convertible Note   11,894       —  
    Provisions for losses on trade and other receivables, net of recoveries   961       700  
    Depreciation of property, plant and equipment   5,592       5,452  
    Amortization of discount on debt security investment   (854 )     (1,301 )
    Non-cash lease expense   1,713       1,526  
    Non-cash recognition of licensing revenue   (11,532 )     (1,805 )
    Loss from equity method investees, net   14,234       2,902  
    Gain from disposal of PPE   (25 )     —  
    Unrealized (Gain)/loss on net foreign exchange   (284 )     182  
    Changes in operating assets and liabilities:      
    Accounts receivable, net   557       104  
    Contract assets   9,162       (10,049 )
    Accrued interest on debt investment   183       (266 )
    Other assets   (2,066 )     (2,658 )
    Accounts payable and accrued salaries and wages   (1,790 )     (4,991 )
    Contract liabilities   311       95  
    Operating lease liabilities   641       (337 )
    Other liabilities   1,143       2,220  
    Net cash used in operating activities   (89,060 )     (97,296 )
    Cash Flows From Investing Activities:      
    Purchase of property, plant and equipment   (5,312 )     (8,553 )
    Proceeds from disposal of property, plant and equipment   25       —  
    Purchase of debt securities   (27,083 )     (93,858 )
    Proceeds from maturity of debt securities   60,722       50,000  
    Purchase of additional interest in equity method investment   —       (288 )
    Origination of related party loan   —       (5,212 )
    Net cash provided by/(used in) investing activities   28,352       (57,911 )
    Cash Flows From Financing Activities:      
    Proceeds from the Business Combination and PIPE, net of transaction expenses (Note 3)   —       213,381  
    FPA prepayment   —       (60,096 )
    Proceeds from exercise of options   300       2,550  
    Repurchase of equity instruments of the Company   (48 )     (7,650 )
    Settlement of FPA   (10,039 )     —  
    Proceeds from issuance of Convertible Note, net   40,000       —  
    Net cash provided by financing activities   30,213       148,185  
    Effects of currency translation on cash, cash equivalents and restricted cash   (52 )     (404 )
    Net decrease in cash, cash equivalents and restricted cash   (30,547 )     (7,426 )
    Cash, cash equivalents and restricted cash at beginning of period   76,284       83,710  
    Cash, cash equivalents and restricted cash at end of period $ 45,737     $ 76,284  
           
    Supplemental disclosure of non-cash investing and financing activities:      
    Acquisition of property, plant and equipment under accounts payable $ 132     $ 279  
    Right-of-use asset additions   10,194       12,866  
    Non-cash partial reversal of FPA upon settlement   24,084       —  
    Third-party issuance costs for the Convertible Note   3,169       —  
    Reclassification of capitalized costs related to the business combination to equity   —       1,514  
    Cashless conversion of warrants on preferred shares   —       5,890  
    Recognition of public and private warrant liabilities in the Business Combination   —       4,624  
    Reclassification of AM SAFE warrant to equity   —       1,800  
    Conversion of AM SAFE liability into common stock   —       29,730  
    Conversion of Legacy LanzaTech NZ, Inc. preferred stock and in-kind dividend into common stock   —       722,160  
    Reclassification of FPA Warrants to equity $ —     $ 3,063  
                                       
    Reconciliation of GAAP Net Loss to Adjusted EBITDA
    (In thousands)
    Unaudited
        Three Months Ended December 31,   Years Ended December 31,
        2024       2023       2024       2023  
    Net Loss $ (26,993 )   $ (18,674 )   $ (137,731 )   $ (134,098 )
    Depreciation   1,278       (1,471 )     5,567       5,452  
    Interest income, net   (710 )     (1,408 )     (3,162 )     (4,572 )
    Stock-based compensation expense and change in fair value of SAFE and warrant liabilities (1)   6,191       —       (4,679 )     728  
    Change in fair value of the FPA Put Option and Fixed Maturity Consideration liabilities (net of interest accretion reversal)   —       —       23,283       44,300  
    Change in fair value of Convertible Note and related transaction costs   (7,296 )     —       14,276       —  
    Transaction costs on issuance of FPA   —       —       —       451  
    Loss from equity method investees, net   6,299       1,961       14,234       2,902  
    One-time costs related to the Business Combination, initial securities registration and non-recurring regulatory matters(2)   —       —       —       4,693  
    Adjusted EBITDA $ (21,231 )   $ (19,592 )   $ (88,212 )   $ (80,144 )
                     
    (1 ) Stock-based compensation expense represents expense related to equity compensation plans.
                     
    (2 ) Represents costs incurred related to the Business Combination that do not meet the direct and incremental criteria per SEC Staff Accounting Bulletin Topic 5.A to be charged against the gross proceeds of the transaction, but are not expected to recur in the future, as well as costs incurred subsequent to deal close related to our securities registration on Form S-4 and our registration statement on Form S-1. Regulatory matters includes fees related to non-recurring items during the year ended December 31, 2023.


    Investor Relations Contact

    Kate Walsh

    VP, Investor Relations & Tax

    Investor.Relations@lanzatech.com

    The MIL Network –

  • MIL-OSI: Kling AI Advances to the 2.0 Era, Empowering Everyone to Tell Great Stories with AI

    Source: GlobeNewswire (MIL-OSI)

    HONG KONG, April 15, 2025 (GLOBE NEWSWIRE) — Kuaishou Technology (“Kuaishou” or the “Company”; HKD Counter Stock Code: 01024 / RMB Counter Stock Code: 81024), a leading content community and social platform, announced that Kling AI hosted the “From Vision to Screen” launch event for its Kling AI 2.0 Model in Beijing. The event marked a new round of upgrades to Kling’s foundation models, highlighted by the official global debut of Kling AI 2.0 Video Generation Model and Kling AI 2.0 Image Generation Model.

    As the world’s first user-accessible DiT video generation model, in the 10 months since its initial launch in June of last year, its global user base has surpassed 22 million. On March 27, Artificial Analysis, a globally renowned AI benchmarking organization, released the latest global rankings for video generation large models. Kuaishou Kling 1.6 Pro (high-quality mode) topped the Image to Video category with an Arena ELO benchmark score of 1,000, while Google Veo 2 and Pika Art ranked second and third, respectively.

    Since its launch in June of last year, Kling AI has undergone over 20 iterations focused on enhancing the fundamental quality of its models, improving image clarity, and introducing more innovative features to meet diverse user needs. Mr. Gai Kun, Senior Vice President of Kuaishou Technology and Head of the Community Science Department, emphasized that Kling AI’s mission is to empower everyone to tell great stories with AI, enabling more precise and complex creative expression.

    Kling AI Advances to the 2.0 Era, Redefining Human-AI Interaction
    Kling AI 2.0 leads the global industry in areas such as motion quality, semantic responsiveness, and visual aesthetics. Meanwhile, the Kolors 2.0 Model has made significant advancements in prompt adherence, cinematic quality, and artistic style expression. Mr. Gai Kun highlighted that in the team’s internal multi-metric tests and evaluations with GSB (Good-Same-Bad) methodology, both models have consistently ranked No.1 in the industry. For instance, in the image-to-video category, Kling AI 2.0 has a win-loss ratio of 182% against Google Veo2 and 178% against Runway Gen-4, significantly outperforming its rivals in dimensions such as semantic responsiveness, visual quality, and dynamic quality.

    (Mr. Gai Kun, Senior Vice President of Kuaishou Technology and Head of the Community Science Department)

    Mr. Gai Kun believes that AI holds immense potential for assisting creative expression, but current industry conditions fall short of meeting user needs. There are still “numerous challenges” regarding the stability of AI-generated content and the precise expression of users’ complex creative ideas. Therefore, to truly realize the vision of “telling great stories with AI,” it is essential to comprehensively enhance foundation models’ capabilities and define a “new language” for human-AI interaction.

    In this 2.0 model iteration, Kling AI officially introduces multi-modal visual language (MVL), a new interactive concept for AI video generation. This feature allows users to integrate multimodal inputs, such as image references and video clips, enabling them to convey complex creative ideas effectively and directly to AI, covering aspects such as identity, appearance, style, scenarios, actions, expressions, camera movements, and other elements.

    “It’s clear that text alone is insufficient for conveying visual information. We need a new approach that allows people to accurately express their thoughts,” Mr. Gai Kun pointed out. He explained that MVL consists of TXT (Pure Text) and MMW (Multi-modal-document as a Word), which facilitate precise creative expression for AI-empowered creators through two key aspects: setting foundational direction for video generation and enabling fine-tuned control.

    Based on the MVL concept, Kling AI has officially introduced its multimodal editing feature. “Starting today, our multimodal editing capabilities are available on the Kling AI platform. Users can directly input their ideas through images and other formats, generating creative videos that align with their concepts,” explained Mr. Gai Kun. He further highlighted that MMW will extend beyond images and videos, incorporating other forms of information such as voice and motion trajectories, allowing users to express themselves in more diverse ways.

    (“From Vision to Screen” Kling AI 2.0 Launch Event)

    Kling AI 2.0 Master Edition Officially Launched, Unveiling the All-New Multimodal Video Editing Feature
    Leveraging the innovative MVL interaction approach,Mr. Zhang Di, Vice President of Kuaishou Technology and Head of Kling AI, officially unveiled the all-new Kling AI 2.0 Master Edition at the launch event. This new version significantly enhances content generation performance in areas such as semantic responsiveness, motion quality, and visual aesthetics. These upgrades include significant improvements in following instructions, enhanced movie aesthetic expression, and support for over 60 types of stylized effect transcription, achieving a significant leap in creativity and imagination for image generation.

    (Mr. Zhang Di, Vice President of Kuaishou Technology and Head of Kling AI)

    Notably, the Kling AI 2.0 Master Edition features a comprehensive upgrade in controllable video and image generation and editing capabilities. The newly-introduced multimodal video editing function efficiently captures user intent. With a video clip, users can add, remove, or replace content elements generated in the video by inputting images or text, empowering creators with greater flexibility in editing and processing.

    At the same time, Kolors 2.0 has also launched practical image controllable editing functions, including partial redrawing and expanding, and supporting image addition, modification and repair. For multimodal controllable image generation, Kolors 2.0 has also launched a brand-new stylized transcription function, which allows users to switch an image’s artistic style in one click by simply uploading the image with a style description, while precisely retaining the semantic content of the original image.

    (Kling AI 2.0 Master Edition Operation Interface)

    Mr. Zhang Di stated that currently, image-generated video accounts for about 85% of Kling AI video creation, with image quality playing a crucial role in video generation effects. In the realm of large image generation models, Kuaishou Kolors leads the industry with several core advantages, such as powerful complex semantic understanding, movie-level visual quality, and controllable stylized generation under multiple conditions. In a number of internal team win-loss reviews, it maintains a significant advantage over industry-leading image models such as Midjourney V7, FLUX 1.1 Pro, and Reve.

    “Kling AI 2.0 Master Edition is not just a technical upgrade, but a full-spectrum leap in user experience,” Mr. Zhang Di noted. The Kling AI 2.0 Master Edition achieves breakthroughs in technology, user experience, and aesthetics.

    The Rapid Development of AIGC Technology Has Injected New Vitality into Industry Development
    In addition to a subscription service for individual users, Kling AI also offers API interface solutions and other services to businesses. Currently, Kling AI has partnered with thousands of domestic and overseas enterprises, including Xiaomi, Amazon Web Service, Alibaba Cloud, Freepik, and BlueFocus.

    Mr. Gai Kun noted that over 15,000 developers and business clients worldwide have applied Kling API in various industry scenarios, cumulatively generating about 12 million images and over 40 million videos. Today, Kling AI is becoming the new infrastructure for video creation in the AI era, and the rapid development of AIGC technology is reshaping many industries, such as advertising and marketing, professional creation, film and television, and entertainment and creativity.

    Mr. Chen Xiangyu, one of the Kling AI super creators, general director of New World Is Loading, and founder of the media company named Outliers, shared that Kling AI can be fully integrated into the episode creation process. AIGC not only improves efficiency but also revolutionizes the trial-and-error space compared to live shooting and animation. From scriptwriting to content distribution, the Outliers team has completed a comprehensive image industrialization creation process, covering everything from aesthetic expression to lens structure to the intricate presentation of complex action scenes and details. “Through practice, we found that Kling AI is a generative collaborative large model that can be stably and massively embedded into the episode creation process,” Mr. Chen Xiangyu commented. With AI’s assistance, the director and scriptwriting team have brought more of their ideas to life with greater imagination. “AIGC may be the prototype of the next generation of content structure,” said Mr. Chen Xiangyu.

    (Mr. Chen Xiangyu Keling AI Super Creator, General Director of New World Is Loading, Founder of the media company named Outliers)

    To further inspire the creative passion of AI enthusiasts, Mr. Zhang Di, Vice President of Kuaishou Technology and Head of Kling AI, also officially launched the “Kling AI NextGen New Image Venture Capital Program” at the event. This program aims to increase support for AIGC creators through millions of RMB in capital investment, global publicity and distribution, and IP creation and protection, facilitating the global dissemination of compelling AI stories through various flexible collaborations such as wholly-owned production, co-production and technical support, among other means. Meanwhile, Kling AI has extended invitations to global creators to jointly create the world’s first user-co-created AIGC creative short film, showcasing creators’ inspiration and creativity on advertising screens in cities like Shanghai, Hong Kong, Tokyo, Paris, and Toronto.

    Looking to the future, Mr. Gai Kun stated that Kling AI will continue to vigorously promote technological innovation and help users realize the precise expression of complex creative ideas through a new language for human-AI interaction. “Our goal is to empower everyone to tell a good story through AI, and we’re striving to make that a reality sooner,” concluded Mr. Gai Kun.

    About Kuaishou

    Kuaishou is a leading content community and social platform in China and globally, committed to becoming the most customer-obsessed company in the world. Kuaishou uses its technological backbone, powered by cutting-edge AI technology, to continuously drive innovation and product enhancements that enrich its service offerings and application scenarios, creating exceptional customer value. Through short videos and live streams on Kuaishou’s platform, users can share their lives, discover goods and services they need and showcase their talent. By partnering closely with content creators and businesses, Kuaishou provides technologies, products, and services that cater to diverse user needs across a broad spectrum of entertainment, online marketing services, e-commerce, local services, gaming, and much more.

    Forward-Looking Statements

    Certain statements included in this press release, other than statements of historical fact, are forward-looking statements. Forward-looking statements generally can be identified by the use of forward-looking terminology such as “may”, “might”, “can”, “could”, “will”, “would”, “anticipate”, “believe”, “continue”, “estimate”, “expect”, “forecast”, “intend”, “plan”, “seek”, or “timetable”. These forward-looking statements, which are subject to risks, uncertainties, and assumptions, may include our business outlook, estimates of financial performance, forecast business plans, growth strategies and projections of anticipated trends in our industry. These forward-looking statements are based on information currently available to the Group and are stated herein on the basis of the outlook at the time of this press release. They are based on certain expectations, assumptions and premises, many of which are subjective or beyond our control. These forward-looking statements may prove to be incorrect and may not be realized in the future. Underlying these forward-looking statements are a large number of risks and uncertainties. In light of the risks and uncertainties, the inclusion of forward-looking statements in this press release should not be regarded as representations by the Board or the Company that the plans and objectives will be achieved, and investors should not place undue reliance on such statements. Except as required by law, we are not obligated, and we undertake no obligation, to release publicly any revisions to these forward-looking statements that might reflect events or circumstances occurring after the date of this press release or those that might reflect the occurrence of unanticipated events.

    For investor and media inquiries, please contact:
    Kuaishou Technology
    Investor Relations
    Email: ir@kuaishou.com

    Photos accompanying this announcement are available at:
    https://www.globenewswire.com/NewsRoom/AttachmentNg/4d634aff-a767-494f-9ec7-b714132adacb

    https://www.globenewswire.com/NewsRoom/AttachmentNg/85d520af-328c-41c3-a396-3368cfbf8cfe

    https://www.globenewswire.com/NewsRoom/AttachmentNg/f7e55762-826d-4882-a5ea-8fc78cf6ccad

    https://www.globenewswire.com/NewsRoom/AttachmentNg/a6fc1f62-9681-4980-b378-10dd9df024d7

    https://www.globenewswire.com/NewsRoom/AttachmentNg/9660d1ac-8df4-480f-8cfc-d95880a7ab85

    The MIL Network –

  • MIL-OSI: Artisan Partners Asset Management Inc. to Announce 1Q25 Results on April 29, 2025

    Source: GlobeNewswire (MIL-OSI)

    MILWAUKEE, April 15, 2025 (GLOBE NEWSWIRE) — Artisan Partners Asset Management Inc. (NYSE: APAM) will report its first quarter 2025 financial results and information relating to its quarterly dividend on April 29, 2025 at approximately 4:30 p.m. (Eastern Time). Artisan Partners Asset Management’s earnings release and supplemental materials will be available on the investor relations section of artisanpartners.com at that time. Chief Executive Officer Eric Colson, President Jason Gottlieb and Chief Financial Officer C.J. Daley will host a conference call on April 30, 2025 at 1:00 p.m. (Eastern Time) to discuss the results.

    A live webcast of the conference call will be available via the investor relations section of artisanpartners.com. Those interested in participating in the conference call should dial:

    United States/Toll Free:  1-877-328-5507
    International:  1-412-317-5423
    Conference ID:  10197435

    An audio replay of the conference call will be available one hour after the end of the conference until May 7, 2025 at 9:00 a.m. (Eastern Time) by dialing the following:

    United States/Toll Free: 1-877-344-7529
    International: 1-412-317-0088
    Replay Conference ID:  4894472

    An audio replay will also be available via the investor relations section of artisanpartners.com within 24 hours after the end of the conference.

    About Artisan Partners

    Artisan Partners is a global investment management firm that provides a broad range of high value-added investment strategies in growing asset classes to sophisticated clients around the world. Since 1994, the firm has been committed to attracting experienced, disciplined investment professionals to manage client assets. Artisan Partners’ autonomous investment teams oversee a diverse range of investment strategies across multiple asset classes. Strategies are offered through various investment vehicles to accommodate a broad range of client mandates.

    Artisan Partners Asset Management Inc.

    Investor Relations Inquiries
    866.632.1770
    ir@artisanpartners.com

    The MIL Network –

  • MIL-OSI: Jamf to Report First Quarter 2025 Financial Results on May 6, 2025

    Source: GlobeNewswire (MIL-OSI)

    MINNEAPOLIS, April 15, 2025 (GLOBE NEWSWIRE) — Jamf (NASDAQ: JAMF), the standard in managing and securing Apple at work, announced today it will report first quarter 2025 financial results for the period ended March 31, 2025, following the close of the market on Tuesday, May 6, 2025. On that day, management will host a conference call and webcast at 3:30 p.m. CT (4:30 p.m. ET) to discuss the company’s business and financial results.

    Jamf First Quarter 2025 Earnings Conference Call

    When: Tuesday, May 6, 2025

    Time: 3:30 p.m. CT (4:30 p.m. ET)

    Live Webcast: The conference call will be webcast live on Jamf’s Investor Relations website at https://ir.jamf.com.

    Those parties interested in participating via telephone may register on Jamf’s Investor Relations website or by clicking here.

    Replay: A replay of the call will be available on the Investor Relations website beginning on May 6, 2025, at approximately 6:00 p.m. CT (7:00 p.m. ET).

    About Jamf

    Jamf’s purpose is to simplify work by helping organizations manage and secure an Apple experience that end users love and organizations trust. Jamf is the only company in the world that provides a complete management and security solution for an Apple-first environment designed to be enterprise secure, consumer simple and protect personal privacy. To learn more, visit: www.jamf.com.

    Investor Contact:
    Jennifer Gaumond
    ir@jamf.com

    Media Contact:
    media@jamf.com

    The MIL Network –

  • MIL-OSI: Freehold Royalties Declares Dividend for April 2025

    Source: GlobeNewswire (MIL-OSI)

    CALGARY, Alberta, April 15, 2025 (GLOBE NEWSWIRE) — Freehold Royalties Ltd. (Freehold) (TSX: FRU) announces that its Board of Directors has declared a dividend of Cdn. $0.09 per common share to be paid on May 15, 2025 to shareholders of record on April 30, 2025.

    These dividends are designated as “eligible dividends” for Canadian income tax purposes.

    Freehold is uniquely positioned as a leading North American energy royalty company with approximately 6.1 million gross acres in Canada and approximately 1.2 million gross drilling acres in the United States. Freehold’s common shares trade on the Toronto Stock Exchange in Canada under the symbol FRU.

    The MIL Network –

  • MIL-OSI: Texas Capital President & Chief Executive Officer Rob C. Holmes Now Serves as Chairman of the Board

    Source: GlobeNewswire (MIL-OSI)

    DALLAS, April 15, 2025 (GLOBE NEWSWIRE) — Texas Capital Bancshares, Inc. (NASDAQ: TCBI), the parent company of Texas Capital, today announced that President & Chief Executive Officer Rob C. Holmes was confirmed as Chairman of the Board of Directors at the conclusion of TCBI’s 2025 Annual Meeting of Stockholders. Holmes, who has served as President & Chief Executive Officer and a Director of the Board since 2021, was unanimously elected to this position by the Board of Directors in January 2025.

    Bob Stallings, who served as Chairman since 2023, has officially transitioned into the role of Lead Independent Director.

    “I want to thank outgoing Chairman Bob Stallings for his dedication and significant contributions to Texas Capital over the past two years,” said Holmes. “I do not take the responsibilities of this position lightly; it is a distinct honor to serve in this capacity for Texas Capital, and I look forward to building on the firm’s many successes along with our employees. With our highly differentiated platform, industry-leading capital and liquidity, and a clear vision for the future, Texas Capital is well-positioned to serve our clients through all economic conditions and to deliver on our objectives for 2025 and beyond.”

    About Texas Capital Bancshares, Inc.
    Texas Capital Bancshares, Inc. (NASDAQ®: TCBI), a member of the Russell 2000® Index and the S&P MidCap 400®, is the parent company of Texas Capital Bank (“TCB”). Texas Capital is the collective brand name for TCB and its separate, non-bank affiliates and wholly owned subsidiaries. Texas Capital is a full-service financial services firm that delivers customized solutions to businesses, entrepreneurs and individual customers. Founded in 1998, the institution is headquartered in Dallas with offices in Austin, Houston, San Antonio and Fort Worth, and has built a network of clients across the country. With the ability to service clients through their entire lifecycles, Texas Capital has established commercial banking, consumer banking, investment banking and wealth management capabilities. All services are subject to applicable laws, regulations, and service terms. Deposit and lending products and services are offered by TCB. For deposit products, member FDIC. For more information, please visit www.texascapital.com.

    Forward Looking Statements
    This communication contains “forward-looking statements” within the meaning of and pursuant to the Private Securities Litigation Reform Act of 1995 regarding, among other things, TCBI’s financial condition, results of operations, business plans and future performance. These statements are not historical in nature and may often be identified by the use of words such as “believes,” “projects,” “expects,” “may,” “estimates,” “should,” “plans,” “targets,” “intends” “could,” “would,” “anticipates,” “potential,” “confident,” “optimistic” or the negative thereof, or other variations thereon, or comparable terminology, or by discussions of strategy, objectives, estimates, trends, guidance, expectations and future plans.

    Because forward-looking statements relate to future results and occurrences, they are subject to inherent and various uncertainties, risks, and changes in circumstances that are difficult to predict, may change over time, are based on management’s expectations and assumptions at the time the statements are made and are not guarantees of future results. Numerous risks and other factors, many of which are beyond management’s control, could cause actual results to differ materially from future results expressed or implied by such forward-looking statements. While there can be no assurance that any list of risks is complete, important risks and other factors that could cause actual results to differ materially from those contemplated by forward-looking statements include, but are not limited to: economic or business conditions in Texas, the United States or globally that impact TCBI or its customers; negative credit quality developments arising from the foregoing or other factors; increased or expanded competition from banks and other financial service providers in TCBI’s markets; TCBI’s ability to effectively manage its liquidity and maintain adequate regulatory capital to support its businesses; TCBI’s ability to pursue and execute upon growth plans, whether as a function of capital, liquidity or other limitations; TCBI’s ability to successfully execute its business strategy, including its strategic plan and developing and executing new lines of business and new products and services and potential strategic acquisitions; the extensive regulations to which TCBI is subject and its ability to comply with applicable governmental regulations, including legislative and regulatory changes; TCBI’s ability to effectively manage information technology systems, including third party vendors, cyber or data privacy incidents or other failures, disruptions or security breaches; TCBI’s ability to use technology to provide products and services to its customers; risks related to the development and use of artificial intelligence; changes in interest rates, including the impact of interest rates on TCBI’s securities portfolio and funding costs, as well as related balance sheet implications stemming from the fair value of our assets and liabilities; the effectiveness of TCBI’s risk management processes strategies and monitoring; fluctuations in commercial and residential real estate values, especially as they relate to the value of collateral supporting TCBI’s loans; the failure to identify, attract and retain key personnel and other employees; adverse developments in the banking industry and the potential impact of such developments on customer confidence, liquidity and regulatory responses to these developments, including in the context of regulatory examinations and related findings and actions; negative press and social media attention with respect to the banking industry or TCBI, in particular; claims, litigation or regulatory investigations and actions that TCBI may become subject to; severe weather, natural disasters, climate change, acts of war, terrorism, global conflict (including those already reported by the media, as well as others that may arise), or other external events, as well as related legislative and regulatory initiatives; and the risks and factors more fully described in TCBI’s most recent Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and other documents and filings with the SEC. The information contained in this communication speaks only as of its date. Except to the extent required by applicable law or regulation, we disclaim any obligation to update such factors or to publicly announce the results of any revisions to any of the forward-looking statements included herein to reflect future events or developments.

    The MIL Network –

  • MIL-OSI: Rapid7 to Report First Quarter 2025 Financial Results on May 12

    Source: GlobeNewswire (MIL-OSI)

    BOSTON, April 15, 2025 (GLOBE NEWSWIRE) — Rapid7, Inc. (NASDAQ: RPD), a leader in extended risk and threat detection, today announced that the company will release its first quarter 2025 financial results on Monday, May 12, 2025, after the financial markets close.

    The company will host a conference call that same day to discuss its results and business outlook at 4:30 p.m. Eastern Time. The call will be accessible by telephone at +1 888-330-2384 (toll-free) or +1 240-789-2701 with the event code 8484206.

    The conference call will also be available live via webcast on the company’s website at https://investors.rapid7.com. A webcast replay of the call will be available at https://investors.rapid7.com.

    About Rapid7
    Rapid7 (Nasdaq: RPD) is on a mission to create a safer digital world by making cybersecurity simpler and more accessible. We empower security professionals to manage a modern attack surface through our best-in-class technology, leading-edge research, and broad, strategic expertise. Rapid7’s comprehensive security solutions help more than 11,000 global customers unite cloud risk management and threat detection to reduce attack surfaces and eliminate threats with speed and precision. For more information, visit our website, check out our blog, or follow us on LinkedIn or Twitter.

    Rapid7 Investor Contact:
    Elizabeth Chwalk
    Vice President, Investor Relations
    investors@rapid7.com
    (617) 865-4277

    Rapid7 Press Contact:
    Alice Randall
    Director, Global Corporate Communications
    press@rapid7.com
    (857) 216-7804

    The MIL Network –

  • MIL-OSI: PennantPark Floating Rate Capital Ltd.’s Unconsolidated Joint Venture, PennantPark Senior Secured Loan Fund I LLC Completes $301 Million Securitization, Marking Continued Growth in PennantPark’s Middle Market Platform with Twelve CLOs Under Management

    Source: GlobeNewswire (MIL-OSI)

    MIAMI, April 15, 2025 (GLOBE NEWSWIRE) — PennantPark Floating Rate Capital Ltd. (the “Company”) (NYSE: PFLT) today announced that PennantPark Senior Secured Loan Fund I LLC (“PSSL”) through PSSL’s wholly-owned and consolidated subsidiary, PennantPark CLO 12, LLC (“CLO 12”) has closed a four-year reinvestment period, twelve-year final maturity $301 million debt securitization in the form of a collateralized loan obligation (“CLO” or “Securitization”).

    The debt issued in this Securitization (the “Debt”) is structured in the following manner:

    Class Par Amount
    ($ in millions)    		 % of Capital
    Structure    		 Coupon Expected Rating
    (S&P)
    A-1 Loans $30,000,000 9.9% 3 Mo SOFR + 1.45% AAA
    A-1 Notes 141,000,000 46.8% 3 Mo SOFR + 1.45% AAA
    A-2 Notes 12,000,000 4.0% 3 Mo SOFR + 1.60% AAA
    B 21,000,000 7.0% 3 Mo SOFR + 1.85% AA
    C 24,000,000 8.0% 3 Mo SOFR + 2.30% A
    D 18,000,000 6.0% 3 Mo SOFR + 3.30% BBB-
    Sub Notes 55,020,000 18.3%   NR
    Total $301,020,000      
     

    “This transaction demonstrates PennantPark’s resilience and ability to raise attractive long-term financing with our joint venture partner, especially in these challenging capital markets conditions in which interest rate volatility and uncertain economic prospects have disrupted credit markets,” said Arthur Penn, Chief Executive Officer. “We are particularly pleased to have achieved our lowest AAA pricing in our platform’s history which further enhances our strong capital position allowing us to participate in today’s excellent vintage of both primary and secondary opportunities. With the closing of CLO 12, PennantPark now manages approximately $4.0 billion in CLO middle market assets, and we look forward to continued growth with the support of our current and new investors.”

    PSSL will continue to retain all of the Subordinated Notes through a consolidated subsidiary. The reinvestment period for the term debt securitization ends in April 2029 and the Debt is scheduled to mature in April 2037. The term debt securitization is expected to be approximately 100% funded at close. The proceeds from the Debt will be used to repay a portion of PSSL’s $325 million secured credit facility. In addition, PSSL will act as retention holder in the transaction to retain exposure to the performance of the securitized assets. CIBC World Markets Corp. acted as lead placement agent on the Securitization.

    The notes offered as part of the term debt securitization have not been and will not be registered under the Securities Act of 1933, as amended (the “Securities Act”), or any state “blue sky” laws, and may not be offered or sold in the United States absent registration under Section 5 of the Securities Act or an applicable exemption from such registration requirements. The CLO is a form of secured financing incurred and consolidated by the Company. This press release shall not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of the notes in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

    ABOUT PENNANTPARK FLOATING RATE CAPITAL LTD.

    PennantPark Floating Rate Capital Ltd. is a business development company which primarily invests in U.S. middle-market private companies in the form of floating rate senior secured loans, including first lien secured debt, second lien secured debt and subordinated debt. From time to time, the Company may also invest in equity investments. PennantPark Floating Rate Capital Ltd. is managed by PennantPark Investment Advisers, LLC.

    ABOUT PENNANTPARK INVESTMENT ADVISERS, LLC

    PennantPark Investment Advisers, LLC is a leading middle-market credit platform, managing approximately $10 billion of investable capital, including available leverage. Since its inception in 2007, PennantPark Investment Advisers, LLC has provided investors access to middle-market credit by offering private equity firms and their portfolio companies as well as other middle-market borrowers a comprehensive range of creative and flexible financing solutions. PennantPark Investment Advisers, LLC is headquartered in Miami and has offices in New York, Chicago, Houston, Los Angeles, and Amsterdam.

    FORWARD-LOOKING STATEMENTS

    This press release may contain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. You should understand that under Section 27A(b)(2)(B) of the Securities Act and Section 21E(b)(2)(B) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995 do not apply to forward-looking statements made in periodic reports PennantPark Floating Rate Capital Ltd. files under the Exchange Act. All statements other than statements of historical facts included in this press release are forward-looking statements and are not guarantees of future performance or results and involve a number of risks and uncertainties. Actual results may differ materially from those in the forward-looking statements as a result of a number of factors, including those described from time to time in filings with the Securities and Exchange Commission. PennantPark Floating Rate Capital Ltd. undertakes no duty to update any forward-looking statement made herein. You should not place undue influence on such forward-looking statements as such statements speak only as of the date on which they are made.

    CONTACT:

    Richard T. Allorto, Jr.
    PennantPark Floating Rate Capital Ltd.
    (212) 905-1000
    www.pennantpark.com

    Source: PennantPark Floating Rate Capital Ltd.

    The MIL Network –

  • MIL-OSI: ARRAY Technologies, Inc. Announces First Quarter 2025 Earnings Release Date and Conference Call

    Source: GlobeNewswire (MIL-OSI)

    ALBUQUERQUE, N.M., April 15, 2025 (GLOBE NEWSWIRE) — ARRAY Technologies, Inc. (the “Company” or “ARRAY”) (Nasdaq: ARRY), a global leader in utility-scale solar tracking, today announced that the Company will release its first quarter 2025 results before the market opens on Tuesday, May 6, 2025, to be followed by a conference call at 8:00 a.m. (Eastern Time) that same day.

    The conference call can be accessed live over the phone by dialing (877)-869-3847 (domestic) or (201)-689-8261 (international) and entering the passcode 13752974, or via webcast of the live conference call by logging onto the Investor Relations section of the Company’s website at http://ir.arraytechinc.com. A telephonic replay will be available approximately three hours after the call by dialing (877)-660-6853 (domestic), or (201)-612-7415 (international), with the passcode 13752974. The replay will be available until 11:59 p.m. (ET) on May 20, 2025. The online replay will be available for 30 days on the same website, immediately following the call.

    About ARRAY Technologies, Inc.

    ARRAY Technologies (NASDAQ: ARRY) is a leading global provider of solar tracking technology to utility-scale and distributed generation customers, who construct, develop, and operate solar PV sites. With solutions engineered to withstand the harshest conditions on the planet, ARRAY’s high-quality solar trackers, software platforms and field services combine to maximize energy production and deliver value to our customers for the entire lifecycle of a project. Founded and headquartered in the United States, ARRAY is rooted in manufacturing and driven by technology—relying on its domestic manufacturing, diversified global supply chain and customer-centric approach to design, deliver, commission, train and support solar energy deployment around the world. For more news and information on ARRAY, please visit arraytechinc.com.

    Investor Relations Contact:
    505-437-0010
    investors@arraytechinc.com

    Media Contact:
    Nicole Stewart
    505-589-8257

    The MIL Network –

  • MIL-OSI: First Farmers Financial Corp. Announces Common Stock Buyback Program

    Source: GlobeNewswire (MIL-OSI)

    Converse, IN, April 15, 2025 (GLOBE NEWSWIRE) — Converse, Indiana, April 15, 2025 — First Farmers Financial Corp. (OTCQX:FFMR), announced that the Board of Directors has approved a plan to repurchase up to $4 million in the Corporation’s outstanding common stock on the open market.

     The timing, price, and quantity of purchases under the stock repurchase plan will be at the discretion of management and may be discontinued, suspended, or restarted at any time.  The program will be funded from current available working capital.  The board feels the stock repurchase plan will provide capital management opportunities and add value for the Company’s shareholders depending upon market and business conditions.

     First Farmers Financial Corp is a $3.3 billion financial holding company headquartered in Converse, Indiana.  First Farmers Bank & Trust has offices throughout Carroll, Cass, Clay, Grant, Hamilton, Howard, Huntington, Madison, Marshall, Miami, Starke, Sullivan, Tippecanoe, Tipton, Vigo and Wabash counties in Indiana and offices in Coles, Edgar and Vermilion counties in Illinois.  As of March 31, 2025, the Corporation had 6,999,207 common shares outstanding.

    The MIL Network –

  • MIL-OSI: First West Credit Union closed a $150 million senior deposit note offering with a final order book of $615 million

    Source: GlobeNewswire (MIL-OSI)

    LANGLEY, British Columbia, April 15, 2025 (GLOBE NEWSWIRE) — First West Credit Union (“First West”) a leading Canadian financial co-operative, announced that it closed its offering (the “Offering”) of $150 million aggregate principal amount of fixed rate senior deposit notes due on March 24, 2027 (the “Notes”). The Notes are unsecured and bear a fixed interest rate of 4.252% per annum, paid semi-annually and commencing on September 24, 2025. First West’s most recent offering is the third offering of notes since 2022.

    With approximately $20 billion in assets and assets under administration, First West serves 283,000 members throughout British Columbia and is one of Canada’s largest credit unions. First West has received a R-1 (low) Short-Term and a BBB (high) Long-Term credit rating from Morningstar DBRS.

    “The overwhelming response underscores the continued confidence the investment community places in First West, its financial strength and its long-term growth strategy, backed by a trusted team and a bold outlook,” says Mark Moreland, First West’s Chief Financial and Strategy Officer. “We’re proud of this strong endorsement – what started as a $150 million offering closed with a final order book of $615 million – over four times oversubscribed.”

    First West Credit Union is in the advanced stages of its pending federal continuance and remains fully committed to becoming a federal credit union. Moreland continues, “We believe that First West is well-positioned for federal continuance with all technology systems, policies and procedures ready, and we’ve completed several years of preparation under the guidance of the federal banking regulator. While we wait for approval, First West will continue to navigate with strength through this economic environment while supporting our members in the weeks and months ahead.”

    CIBC World Markets and Scotia Capital acted as joint bookrunners. McCarthy Tetrault acted as external legal counsel to First West and Stikeman Elliott acted as legal counsel to the bookrunners and co-managers.

    About First West Credit Union

    First West Credit Union brings together the best of both worlds, combining the scale, stability and solutions of a leading Canadian financial institution with the care and community leadership of a local cooperative. Powered by the leadership of Launi Skinner, First West is Canada’s premier multi-brand credit union, serving 283,000 members through four admired community brands: Envision Financial, Valley First, Island Savings, and Enderby & District Financial. With approximately $20 billion in total assets and assets under administration, First West makes it easy for its members to get impactful, practical advice and personalized service that’s truly in their best interests, through 45 branches across B.C., a Member Advice Centre and leading digital tools.

    Since 2010, First West has given back more than $41 million to its communities, while cultivating a culture with its 1,250 team members that is recognized nationally with Canada’s Most Admired Cultures Award, BC’s Top Employers Award, 5-Star Psychological Safety Award, and the Canadian Workplace Wellbeing Award. Learn more at firstwestcu.ca and see how we’re redefining banking through our belief that every person, business and community deserves to feel financially confident.

    Forward-Looking Statements

    Certain statements contained in this news release constitute forward-looking information and statements (collectively, “forward -looking statements”). When used in this news release the words “may”, “well-positioned”, “working”, “to be”, “becoming”, “anticipates”, “will” and similar expressions are intended to identify forward-looking statements. No assurance can be given that these expectations will prove to be correct and such forward-looking statements included in this news release should not be unduly relied upon. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements.

    This news release does not constitute an offer to sell or a solicitation of an offer to buy any securities.

    Contact info:
    Josh Juhlke – Communications Manager
    jjuhlke@firstwestcu.ca
    416-360-5967

    The MIL Network –

  • MIL-OSI: Caisse Française de Financement Local: EMTN 2025-7 GREEN

    Source: GlobeNewswire (MIL-OSI)

    Paris, 15 April 2025

    Capitalised terms used herein shall have the meaning specified for such terms in the Caisse Française de Financement Local base prospectus to the €75,000,000,000 Euro Medium Term Note Programme dated 8 July 2024 (the “Base Prospectus”).

    Caisse Française de Financement Local has decided to issue on 17 April 2025 – Euro 1,000,000,000 Fixed Rate Obligations Foncières due 17 April 2035.

    The net proceeds of this issue will be used to finance and/or refinance, in whole or in part, the Eligible Green Loans as defined in the Sfil Group Green, Social and Sustainability Bond Framework which is available on the website of the Issuer.

    A Stabilisation Manager has been named in the applicable Final Terms.

    The Base Prospectus dated 8 July 2024 and the supplements to the Base Prospectus dated 13 September 2024, 30 September 2024, 26 December 2024, 27 February 2025 and 2 April 2025 approved by the Autorité des Marchés Financiers are available on the website of the Issuer (https://www.caissefrancaisedefinancementlocal.fr/), at the registered office of the Issuer: 112-114, avenue Emile Zola, 75015 Paris, France, and at the office of the Paying Agent indicated in the Base Prospectus.

    The Final Terms relating to the issue will be available on the website of the AMF (www.amf-france.org) and of the Luxembourg Stock Exchange (www.bourse.lu), at the office of the Issuer and at the office of the Paying Agent.

    Attachment

    The MIL Network –

  • MIL-OSI: Ninepoint Partners Welcomes Portfolio Manager Sam Mitter to Its Investment Team

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, April 15, 2025 (GLOBE NEWSWIRE) — Ninepoint Partners LP (Ninepoint Partners) is pleased to announce the appointment of Samarjit (Sam) Mitter to its investment team as Senior Portfolio Manager, beginning May 2025.

    Mr. Mitter joins Ninepoint with over 25 years of experience in the investment industry and a well-established career managing equity portfolios across U.S. and global markets. In his new role, he will focus on expanding Ninepoint’s equity investment platform and launching new mandates that reflect evolving client needs and market opportunities.

    Most recently, Mr. Mitter was a Portfolio Manager at AGF Management Ltd., where he managed the AGF US Small & Mid Cap Fund, which was the top-performing fund in its category in 2024. He was an integral part of AGF’s Growth Team, serving as Associate Portfolio Manager and Co-Manager for AGF Global Select and AGF US Large-Cap Funds, under lead manager, Tony Genua, from 2014 to 2025. AGF’s Growth Team managed over $16 Billion in assets at the end of 2024.

    Mr. Mitter brings broad experience across equity research, portfolio construction, and strategy development gained over the course of his career at several leading Canadian asset managers.

    “We’re excited to welcome Sam to Ninepoint as we continue to grow our investment team and broaden our platform,” said John Wilson, Co-CEO and Managing Partner at Ninepoint Partners. “His depth of experience and proven history of stock selection in both Global and US Equities will help us improve our Firm’s product offerings as we strive to deliver alpha generating, actively managed solutions to our clients.”

    Mr. Mitter holds an MBA from Santa Clara University, Santa Clara, California and a Bachelor of Science from Culver-Stockton College, Canton, Missouri. He will be based in Toronto.

    His appointment underscores Ninepoint’s commitment to delivering high-quality, innovative investment strategies led by experienced professionals.

    About Ninepoint Partners LP

    Based in Toronto, Ninepoint Partners LP is one of Canada’s leading alternative investment management firms overseeing approximately $7 billion in assets under management and institutional contracts. Committed to helping investors explore innovative investment solutions that have the potential to enhance returns and manage portfolio risk, Ninepoint offers a diverse set of alternative strategies spanning Equities, Fixed Income, Alternative Income, Real Assets, F/X and Digital Assets.

    For more information on Ninepoint Partners LP, please visit ninepoint.com or please contact us at (416) 943-6707 or (866) 299-9906 or invest@ninepoint.com.

    Media Inquiries:
    Longacre Square Partners
    Kate Sylvester / Liz Shoemaker
    ninepoint@longacresquare.com

    The MIL Network –

  • MIL-OSI: RTI Earns 2025 Great Place To Work Certification™ in the U.S. and Spain for the Seventh Consecutive Year

    Source: GlobeNewswire (MIL-OSI)

    SUNNYVALE, Calif., April 15, 2025 (GLOBE NEWSWIRE) — Real-Time Innovations (RTI), the infrastructure software company for smart-world systems, is proud to be Certified™ by Great Place To Work® for the seventh year in a row. This award is based entirely on what current employees say about their experience working at RTI. This year, 93% of US-based employees said RTI is a great place to work – 36 points higher than the average U.S. company.

    “This recognition is a testament to the individuals who make RTI what it is,” said Stan Schneider, CEO of RTI. “Nobody understands a company better than its employees. This certification validates our unwavering commitment to a collaborative culture, unwavering ethics, and excellent execution. I’m incredibly proud of the RTI team and the collective spirit that shapes our exceptional workplace.”

    The Great Place to Work survey highlights key factors that make RTI a great place to work. An impressive 97% of employees agree that when they join the company, they are made to feel welcome. Additionally, 96% believe they have equal opportunities to succeed, regardless of background, and feel that management is honest and ethical in its business practices, fostering a strong sense of trust across the organization.

    “Great Place To Work Certification is a highly coveted achievement that requires consistent and intentional dedication to the overall employee experience,” says Sarah Lewis-Kulin, the Vice President of Global Recognition at Great Place To Work. “By successfully earning this recognition, it is evident that RTI stands out as one of the top companies to work for, providing a great workplace environment for its employees.”

    RTI’s “1RTI” culture fosters a collaborative and inclusive environment, where team members, regardless of location, feel connected and valued. In fact, 96% of employees agreed that people at RTI care about each other, and that management is approachable and easy to talk with. Flexibility and personal growth are also prioritized, with opportunities for professional development at every stage. By embracing different perspectives, RTI empowers employees to contribute to shared success, creating a culture where every talent is recognized and respected.

    According to Great Place To Work research, job seekers are 4.5 times more likely to find a great boss at a Certified great workplace. Additionally, employees at Certified workplaces are 93% more likely to look forward to coming to work, and are twice as likely to be paid fairly, earn a fair share of the company’s profits and have a fair chance at promotion.

    WE’RE HIRING!
    Looking to grow your career at a company that puts its people first? Visit our careers page at: rti.com/company/careers

    Don’t meet every single requirement? At RTI, we are dedicated to building an inclusive and authentic workplace so if you’re excited about this role but your past experience doesn’t perfectly align with all qualifications in the job description, we encourage you to apply anyway. You may be just the right candidate for this or another one of our open roles.

    About RTI

    Real-Time Innovations (RTI) is the infrastructure software company for smart-world systems. RTI Connext® is the world’s leading software framework for intelligent distributed systems. Uniquely, Connext users can build systems that combine advanced sensing, fast control, and AI algorithms.

    With 2,000 customer designs, RTI excels at getting customers to production. RTI software runs over 300 autonomous vehicle programs, supports dozens of automotive ADAS and software-defined architectures, controls the largest power plants in North America, integrates over 500 major defense programs, drives a new generation of MedTech systems and robotics, and underlies Canada’s air traffic control and NASA’s launch control systems.

    RTI runs a smarter world.

    RTI is the market leader in products compliant with the Data Distribution Service (DDS™) standard. RTI is privately held and headquartered in Silicon Valley with regional offices in Colorado, Spain, and Singapore.

    Download a free trial of the latest, fully-functional Connext software today: www.rti.com/downloads

    About Great Place to Work Certification™

    Great Place To Work® Certification™ is the most definitive “employer-of-choice” recognition that companies aspire to achieve. It is the only recognition based entirely on what employees report about their workplace experience – specifically, how consistently they experience a high-trust workplace. Great Place to Work Certification is recognized worldwide by employees and employers alike and is the global benchmark for identifying and recognizing outstanding employee experience. Every year, more than 10,000 companies across 60 countries apply to get Great Place To Work-Certified.

    About Great Place To Work®

    As the global authority on workplace culture, Great Place To Work® brings 30 years of groundbreaking research and data to help every place become a great place to work for all. Their proprietary platform and For All™ Model helps companies evaluate the experience of every employee, with exemplary workplaces becoming Great Place To Work Certified™ or receiving recognition on a coveted Best Workplaces™ List.

    Learn more at greatplacetowork.com and follow Great Place To Work on LinkedIn, Twitter, Facebook and Instagram. 

    The MIL Network –

  • MIL-OSI: PFMcrypto Launches the Best Free Crypto Asset Management Platform in 2025, Attracting Millions Worldwide

    Source: GlobeNewswire (MIL-OSI)

    LOS ANGELES, April 15, 2025 (GLOBE NEWSWIRE) — In a year where passive income is more important than ever, PFMcrypto announces the expansion of its free crypto asset management platform, now recognized as the most trusted way to earn Bitcoin without any upfront investment. With over 9.2 million users across 192 countries, PFMcrypto is helping individuals tap into digital income streams through a safe, transparent, and 100% free model.

    PFMcrypto Named Best Free Cloud Mining Platform of 2025 With Over 9.2 Million Global Users

    As inflation continues to outpace traditional savings, more people are turning to digital assets like Bitcoin to preserve and grow their wealth. Cloud-based crypto earning tools are leading the way—requiring no hardware, no technical expertise, and no upfront costs.

    According to Statista, global crypto users surpassed 800 million in 2024, and simplified platforms like PFMcrypto are playing a key role in that adoption. The platform introduces an accessible way for anyone to start earning Bitcoin passively—anytime, anywhere.

    PFMcrypto Offers $10 Bitcoin Bonus for New Users with Daily Returns Up to $0.60

    PFMcrypto has been independently rated as the top free platform for earning Bitcoin, thanks to its user-first features, verified returns, and global accessibility. Here’s what sets it apart:

    • Free $10 Bitcoin Bonus: New users receive $10 in BTC upon registration—no deposit or wallet connection required.
    • Daily Earnings from Day One: With a minimum daily income of $0.60, users can start generating Bitcoin returns immediately.
    • Flexible Earning Plans: Choose short-term contracts of 1, 3, or 5 days, ideal for testing and scaling.
    • Fast, Fee-Free Withdrawals: All payouts are processed within 1–5 minutes, with no withdrawal or maintenance fees.
    • Advanced Security Protocols: The platform uses cold wallet storage, 2FA, and blockchain-based electronic contracts to ensure safety and transparency.

    PFMcrypto’s approach has earned it a 4.7/5 user satisfaction score, with over 1.4 million verified reviews and the top spot in Blockchain Analytics Group’s April 2025 rankings.

    Real Users, Real Feedback

    “I was skeptical at first. But in just 30 days, I earned over $2,400 with PFMcrypto’s free plan. No deposits, no tricks.”
    — James Carter, School Teacher, UK

    “I’ve tried several platforms. This is the only one that actually pays—and instantly.”
    — Maria Gonzalez, Crypto Enthusiast, Mexico

    How to Start Earning Bitcoin with PFMcrypto

    Getting started takes less than a minute:

    1. Register: Create an account and claim free $10 BTC bonus.
    2. Choose a Contract: Select 1, 3, or 5-day earning plans.
    3. Activate: Mining starts automatically—no setup needed.
    4. Track & Withdraw: Monitor earnings and withdraw anytime with no fees.

    PFMcrypto operates with the reliability of both traditional and blockchain finance. Key safeguards include:

    • Multi-layer cold storage
    • Two-factor authentication
    • Smart contract-driven operations
    • KYC compliance in multiple regions

    These features ensure that users can earn with confidence, knowing their funds and data are protected.

    The Future of Free Bitcoin Earnings Starts Now

    As more people seek alternative income sources, PFMcrypto positions itself as the best free crypto asset management platform in 2025. Whether new to crypto or expanding the portfolio, PFMcrypto provides a low-risk, high-potential entry point into Bitcoin.

    Start earning today—register now at PFMcrypto.net and claim a $10 bonus.

    Media Contact:

    Amelia Elspeth
    PFMcrypto
    info@pfmcrypto.net

    Photos accompanying this announcement are available at https://www.globenewswire.com/NewsRoom/AttachmentNg/53f5f50d-70ce-4350-b6be-35444f644e65

    https://www.globenewswire.com/NewsRoom/AttachmentNg/7db75149-a1f7-450b-a717-cc2fd4bec8ae

    The MIL Network –

  • MIL-OSI: Ex-Tesla Operations Leaders Launch Atomic, Raise $3M Seed to Revolutionize Supply Chain Planning with Agentic AI

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, April 15, 2025 (GLOBE NEWSWIRE) — Atomic, an AI-powered platform reshaping the $20 billion supply chain planning market, today announced that it closed a $3 million seed round. The round included DVx Ventures, the company creation platform run by former Tesla president Jon McNeill, and Madrona Ventures, a three-decade-old venture capital firm known for backing transformative AI startups and iconic companies like Amazon, Snowflake, and Smartsheet.

    Atomic was founded by Michael Rossiter and Neal Suidan, who experienced the challenges of supply chain planning first-hand as leaders in Tesla’s supply chain and demand planning team. The inspiration came during Tesla’s Model 3 launch in 2018, when they realized how dependent the team was on unwieldy spreadsheets that could not keep up with the speed of changes at the business. The necessities of scaling led them to build Tesla’s end-to-end supply chain orchestration system from scratch. With Atomic, the team set out to solve the same challenges of supply planning for all companies that sell physical goods with an approach that can be rapidly deployed and generalized to any type of supply chain.
      
    “Our vision is to ensure every physical good is actively managed,” said Neal Suidan, Founder and CEO, Atomic. “Planners are the unsung heroes of consumer brands, holding together supply chains through spreadsheets and sheer force of will. But they deserve better tools. We built Atomic to be the inventory planning system we always wished we had. With the support of DVx and Madrona, we’re scaling quickly to bring this technology to more brands, helping them move beyond spreadsheets and into the future of AI-powered inventory management.

    I’m Sick of this Sheet!
    Trillions of dollars are tied up in slow-moving and poorly planned inventories in the U.S. alone. The vast majority of inventory decisions — even at the largest companies — are still made using spreadsheets, which are error-prone and slow to update, and difficult to scale. This leads to missed sales, bloated inventory levels, and eroded confidence in supply chain operations.

    Existing supply chain planning software often forces lengthy, high-cost implementations and rigid systems that drive planners back to spreadsheets.

    “What Atomic is doing reminds me of Tesla’s approach to breaking down barriers – taking something slow and inefficient and replacing it with speed and intelligence,” said Jon McNeill, former Tesla President and Founder of DVx Ventures. “By leveraging agentic AI, they are building this incredible, agile system that can be set up in under an hour and is truly a game-changer for consumer brands.”

    Proven Results for Clients
    Since launching its product in early 2024, Atomic has delivered measurable results for early customers in consumer packaged goods, food & beverage, and apparel, with:

    • 20-50% reduction in inventory costs while improving in-stock rates
    • 40+ hours saved per week, allowing planners to focus on high-impact work
    • 3.5x increase in inventory turnover, translating to millions in freed-up cash

    Atomic’s simulation engine models supply and demand at the transaction level, giving planners complete transparency and the ability to adapt workflows on the fly. One Atomic customer cut its inventory levels in half while maintaining a 99% in-stock rate – just 3 months after onboarding.

    “We reduced our working capital by millions. It changed our strategy to fund the business this year” said that company’s President.

    “Atomic is the one SaaS tool that is open all day, every day on my laptop,” said the SVP of Operations at another Atomic client, where Atomic helped to improve in-stock rates by over 10 percentage points. “I can’t do my job well without it.”

    AI-Powered Supply Chain Control
    Unlike most planning software that requires costly integrations and lengthy implementations, Atomic is using agentic AI to flip the script. Its configurable framework form fits to client data sources without requiring system integrators or manual configurations. Within an hour, Atomic clients can be initially onboarded and begin fine-tuning forecasts, simulate disruptions, and make adjustments through an intuitive, no-code interface.

    “We’ve personally grappled with the pain of supply planning as operators,” said Michael Rossiter, Founder of Atomic and Principal at DVx Ventures. “Planners shouldn’t have to waste time wrangling spreadsheets and Atomic frees them up to make strategic decisions from day one. When you’re drowning, you don’t want swim lessons – you need help immediately. So we made onboarding speed our top priority.”

    Strategic Backing from Industry Leaders
    Madrona, an early backer of Amazon, Snowflake, and Smartsheet, invested in Atomic through Fund X, a new initiative focused on applied AI for enterprise transformation.

    “Atomic has keen insight into a huge business challenge—and is solving it with AI to deliver tangible, immediate results that would be otherwise impossible,” said Matt McIlwain, Managing Director at Madrona. “This is exactly the kind of applied AI innovation poised to transform the industry.”

    What’s Next For Atomic
    With this funding, Atomic plans to expand its engineering team, enhance AI capabilities, and deepen its integrations with leading ERP and e-commerce platforms. The company is targeting to offer Rapid Onboarding for NetSuite clients by the end of 2025, removing the last friction points to enterprise adoption.

    For more information and the latest updates from Atomic, visit https://www.atomic.supply/ or follow on LinkedIn at https://www.linkedin.com/company/atomicsupply/

    Media Relations Contact: Dana Davis | Steelwire | dana@steelwire.co 

    The MIL Network –

  • MIL-OSI: XRP News: XploraDEX Presale Enters Final 6 Days—Last Chance Before XRP’s First AI-Powered DEX Goes Live

    Source: GlobeNewswire (MIL-OSI)

    ZURICH, April 15, 2025 (GLOBE NEWSWIRE) — As the final six days of the XploraDEX $XPL Presale begin, investor excitement is reaching new heights across the crypto space. This isn’t just a countdown—it’s a race. With limited allocation left and anticipation for the platform’s launch building daily, the window for early entry into one of XRPL’s most innovative DeFi projects is quickly closing.

    XploraDEX is gearing up to launch as the first AI-powered decentralized exchange on the XRP Ledger, introducing a smarter, faster, and more efficient trading experience. Unlike traditional DEXs that rely solely on manual input and basic analytics, XploraDEX integrates AI-driven features that allow users to receive real-time insights, execute automated trades, and manage portfolios with intelligent precision.

    Buy $XPL Tokens

    As the $XPL Presale nears its conclusion, the $XPL token has become one of the most sought-after assets in the XRP community. The remaining allocation is shrinking fast, and early buyers are locking in their positions before the next major price shift. According to the team, once the presale ends, $XPL will list at a higher valuation on XRPL DEXs, alongside the rollout of core platform utilities.

    What makes this presale different is not just the hype—it’s the real tech behind it. XploraDEX has spent months developing and refining its AI engine, designed to help both experienced and everyday traders navigate volatile markets with confidence. The platform’s backend architecture allows for split-second decision-making, adaptive trading logic, and performance optimization that evolves with market trends.

    Participate in $XPL Presale

    The $XPL Token

    The $XPL token plays a central role in the ecosystem. Beyond being the fuel for transaction discounts and access to advanced tools, it also provides governance power, staking rewards, and participation in the platform’s upcoming launchpad module. Early adopters will benefit from exclusive perks, including priority access to AI beta features, higher staking tiers, and early allocation in future project launches.

    With only six days remaining in the presale, the urgency is clear. Investor sentiment is high, social buzz is climbing, and institutional wallets have begun to take notice. If you’ve been watching from the sidelines, now is the moment to make a move—before $XPL transitions from opportunity to hindsight.

    Grab Your $XPL Tokens

    6 days. One platform. A smarter way to trade. Will you be part of it before it goes live?

    Secure Your $XPL Tokens Now: https://sale.xploradex.io

    Stay connected and Join the XploraDEX AI Revolution

    Website | $XPL Token Presale | X

    Contact:
    Oliver Muller
    oliver@xploradex.io
    contact@xploradex.io

    Disclaimer: This press release is provided by the XploraDEX. 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.

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    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/94aa2eab-50e7-4ff6-b9fb-0d27b3d4f41d

    The MIL Network –