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Category: GlobeNewswire

  • MIL-OSI: MYT Netherlands Parent B.V. (“Mytheresa”) receives final regulatory clearance to acquire YOOX NET-A-PORTER (“YNAP”) from Richemont, with closing planned for 23 April 2025

    Source: GlobeNewswire (MIL-OSI)

    MYT Netherlands Parent B.V. (“Mytheresa”) receives final regulatory clearance
    to acquire YOOX NET-A-PORTER (“YNAP”) from Richemont, with closing planned for 23 April 2025 

    11 April 2025 – Today, Mytheresa (NYSE:MYTE) received the unconditional merger control clearance from the European Commission for the acquisition of YNAP from Richemont (SWX:CFR), through its subsidiary Richemont Italia Holding S.P.A.. Mytheresa and Richemont have now received all other necessary approvals from regulatory authorities and plan to close the transaction on 23 April 2025.

    On 7 October 2024, Mytheresa and Richemont signed binding agreements for the acquisition by Mytheresa of 100% of the share capital of YNAP from Richemont, aiming to build a leading global multi-brand digital luxury group. The receipt of all necessary regulatory approvals is the final step for the completion of the transaction. Under the umbrella of “LuxExperience B.V.”, which the combined company will be named following the acquisition, the brands Mytheresa, NET-A-PORTER, MR PORTER, YOOX and THE OUTNET will offer highly curated and strongly differentiated selections of the most prestigious brands for luxury customers with unprecedented reach and relevance.

    Michael Kliger, Chief Executive Officer of Mytheresa, said, “We are truly excited to have received all required regulatory clearances to finalize the acquisition of YOOX NET-A-PORTER. We will become one of the leading global, digital luxury platforms for true luxury enthusiasts through having multiple, highly distinguished storefronts, all under the umbrella of LuxExperience. We will generate significant synergies by using a joint back-of-house platform, but most importantly because we will have one of the most relevant overall value propositions for global luxury shoppers and brands. Today marks a significant milestone in our success story as we enter a new and exciting phase for both Mytheresa and all YNAP brands, which is expected to create significant value for our customers, brand partners and shareholders.”

    Martin Beer, Chief Financial Officer of Mytheresa, added: “The acquisition of YNAP fulfills Mytheresa´s ambition to build a leading online luxury group worth around 3 billion Euros GMV per annum. In the medium term, our goal for LuxExperience will be to grow to a 4 billion Euros GMV per annum business with >8% Adj. EBITDA margin. While the consolidation of YNAP will initially dilute our EBITDA margin at group level we are uniquely prepared to achieve a fundamental transformation and return the YNAP businesses to profitability. The restructuring is expected to take 24 to 36 months and is well funded with a net cash position of 555 million Euros at closing. We will fully leverage Mytheresa’s operational excellence, proprietary technology and proven ability to execute large-scale projects.”

    Johann Rupert, Chairman of Richemont, said: “We look forward to LuxExperience’s future success, as the receipt of this clearance paves the way for both the Mytheresa and YNAP teams, their brand partners and customers alike to fully benefit from the enhanced value propositions and expanded global reach offered by the combined businesses.”

    At transaction closing, Mytheresa will issue new shares to Richemont representing 33% of Mytheresa’s fully diluted share capital after issuance of the consideration shares. At the same time, Richemont will sell YNAP with a cash position of €555m and no financial debt to Mytheresa, which will become YNAP’s sole shareholder. Richemont will also provide a 6-year €100m revolving credit facility to YNAP. Upon transaction closing, Burkhart Grund, Chief Financial Officer of Richemont, will join Mytheresa Supervisory Board as new Board member.

    Mytheresa, NET-A-PORTER and MR PORTER will continue to offer differentiated, but complementary, multi-brand offering for luxury customers. The three individual store brands will maintain their own brand’s identities while sharing central infrastructure resources jointly. At the same time, the off-price division, consisting of YOOX and THE OUTNET, will be separated from the luxury division for a much simpler and more efficient operating model.

    With regulatory clearance received, Mytheresa and Richemont will now move forward with the final steps required to complete the transaction. A further announcement will be made at transaction closing. Further details on integration plans will be shared in due course. 

    Forward-looking statements

    This press release contains “forward-looking statements” within the meaning of Section 27A of the U.S. Securities Act of 1933, as amended, and Section 21E of the U.S. Securities Exchange Act of 1934, as amended. All statements other than statements of historical fact or relating to present facts or current conditions included in this press release are forward- looking statements. Forward-looking statements give Mytheresa’s current expectations and projections relating to the proposed transaction and the operation of the combined companies; its financial condition, results of operations, plans, objectives, future performance and business, including statements relating to financing activities, future sales, expenses, and profitability; future development and expected growth of our business and industry; our ability to execute our business model and our business strategy; having available sufficient cash and borrowing capacity to meet working capital, debt service and capital expenditure requirements for the next twelve months; and projected capital spending. You can identify forward-looking statements by the fact that they do not relate strictly to historical or current facts. These statements may include words such “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “ongoing,” “plan,” “potential,” “predict,” “project,” “should,” “will,” “would,” or the negative of these terms or other comparable terminology, although not all forward-looking statements contain these words. The forward-looking statements contained in this press release are based on assumptions that Mytheresa has made in light of its industry experience and perceptions of historical trends, current conditions, expected future developments and other factors it believes are appropriate under the circumstances. As you read and consider this press release, you should understand that these statements are not guarantees of performance or results. They involve risks, uncertainties (many of which are beyond Mytheresa’s control) and assumptions. Although Mytheresa believes that these forward-looking statements are based on reasonable assumptions, you should be aware that many factors could affect its actual operating and financial performance and cause its performance to differ materially from the performance anticipated in the forward-looking statements. Mytheresa believes these factors include, but are not limited to: the occurrence of any event, change or other circumstances that could give rise to the termination or abandonment of the proposed transaction; the expected timing and likelihood of completion of the proposed transaction with Richemont; the risk that the remaining conditions to closing the proposed transaction may not be satisfied in a timely manner or at all; the risk that the proposed transaction and its announcement could have an adverse effect on the ability of YNAP to retain customers and retain and hire key personnel and maintain relationships with their brand partners and customers and on their operating results and businesses generally; the risk that problems may arise in successfully integrating the businesses of YNAP and Mytheresa, which may result in the combined company not operating as effectively and efficiently as expected; the risk that the combined company may be unable to achieve cost-cutting synergies or that it may take longer than expected to achieve those synergies; Mytheresa’s ability to effectively compete in a highly competitive industry; Mytheresa’s ability to respond to consumer demands, spending and tastes; general economic conditions, including economic conditions resulting from deteriorating geopolitical and macroeconomic conditions, such as the recent global trade war that escalated after the U.S. imposed tariffs on countries across the globe, and the adoption of retaliatory tariffs by those countries, that may adversely impact consumer demand; Mytheresa’s ability to acquire new customers and retain existing customers; consumers of luxury products may not choose to shop online in sufficient numbers; the volatility and difficulty in predicting the luxury fashion industry; Mytheresa’s reliance on consumer discretionary spending; and Mytheresa’s ability to maintain average order levels and other factors. Should one or more of these risks or uncertainties materialize, or should any of these assumptions prove incorrect, Mytheresa’s actual operating and financial performance may vary in material respects from the performance projected in these forward-looking statements.

    Mytheresa undertakes no obligation to update any forward-looking statements made in this press release to reflect events or circumstances after the date of this press release or to reflect new information or the occurrence of unanticipated events, except as required by law.

    The achievement or success of the matters covered by such forward-looking statements involves known and unknown risks, uncertainties and assumptions. If any such risks or uncertainties materialize or if any of the assumptions prove incorrect, Mytheresa’s results could differ materially from the results expressed or implied by the forward-looking statements it makes.

    You should not rely upon forward-looking statements as predictions of future events. Forward-looking statements represent Mytheresa’s management’s beliefs and assumptions only as of the date such statements are made.

    Further information on these and other factors that could affect Mytheresa’s financial results is included in filings it makes with the U.S. Securities and Exchange Commission (“SEC”) from time to time, including the section titled “Risk Factors” in its annual report on Form 20-F and on Form 6-K (reporting its quarterly results). These documents are available on the SEC’s website at www.sec.gov and on the SEC Filings section of the Investor Relations section of our website at: https://investors.mytheresa.com.

      
    About non-IFRS financial measures and operating metrics

    Adjusted EBITDA margin is a non-IFRS financial measure that we calculate as net income before finance expense (net), taxes, and depreciation and amortization, adjusted to exclude Other transaction-related, certain legal and other expenses and Share-based compensation expense. Adjusted EBITDA Margin is a non-IFRS financial measure which is calculated in relation to net sales.

    We are not able to forecast net income (loss) on a forward-looking basis without unreasonable efforts due to the high variability and difficulty in predicting certain items that affect net income (loss), including, but not limited to, Income taxes and Interest expense and, as a result, are unable to provide a reconciliation to forecasted Adjusted EBITDA.

    Gross Merchandise Value (GMV) is an operative measure and means the total Euro value of orders processed, either as principal or as agent. GMV is inclusive of merchandise value, shipping and duty. It is net of returns, value added taxes, applicable sales taxes and cancellations. GMV does not represent revenue earned by us. We use GMV as an indicator for the usage of our platform that is not influenced by the mix of direct sales and commission sales. The indicators we use to monitor usage of our platform include, among others, active customers, total orders shipped and GMV.

    About Mytheresa

    Mytheresa is one of the leading luxury multi-brand digital platforms shipping to over 130 countries. Founded as a boutique in 1987, Mytheresa launched online in 2006 and offers ready-to-wear, shoes, bags and accessories for womenswear, menswear, kidswear as well as lifestyle products and fine jewelry. The highly curated edit of up to 250 brands focuses on true luxury brands such as Bottega Veneta, Brunello Cucinelli, Dolce&Gabbana, Gucci, Loewe, Loro Piana, Moncler, Prada, Saint Laurent, The Row, Valentino, and many more. Mytheresa’s unique digital experience is based on a sharp focus on high-end luxury shoppers, exclusive product and content offerings, leading technology and analytical platforms as well as high quality service operations. The NYSE listed company reported € 913.6 million GMV in fiscal year 2024 (+7% vs. FY23). For more information, please visit https://investors.mytheresa.com/.

    “LuxExperience” will be the trade name for LuxExperience B.V. a Dutch company with limited liability, upon completion of the renaming of MYT Netherlands Parent B.V.

    About Richemont

    At Richemont, we craft the future. Our unique portfolio includes prestigious Maisons distinguished by their craftsmanship and creativity. Richemont’s ambition is to nurture its Maisons and businesses and enable them to grow and prosper in a responsible, sustainable manner over the long term.

    Richemont operates in three business areas: Jewellery Maisons with Buccellati, Cartier, Van Cleef & Arpels and Vhernier; Specialist Watchmakers with A. Lange & Söhne, Baume & Mercier, IWC Schaffhausen, Jaeger-LeCoultre, Panerai, Piaget, Roger Dubuis and Vacheron Constantin; and Other, primarily Fashion & Accessories Maisons with Alaïa, Chloé, Delvaux, dunhill, G/FORE, Gianvito Rossi, Montblanc, Peter Millar, Purdey, Serapian as well as Watchfinder & Co. In addition, Richemont operates NET-A-PORTER, MR PORTER, THE OUTNET, YOOX and the OFS division. Find out more at https://www.richemont.com/.

    Richemont ‘A’ shares are listed on the SIX Swiss Exchange, Richemont’s primary listing, and are included in the Swiss Market Index (‘SMI’) of leading stocks. The ‘A’ shares are also traded on the Johannesburg Stock Exchange (JSE), Richemont’s secondary listing.

    About YOOX NET-A-PORTER (YNAP)

    YNAP is a world leading online luxury and fashion retailer, with a distinctive offering including multi-brand in-season online stores NET-A-PORTER and MR PORTER, and multi-brand off-season online stores YOOX and THE OUTNET.

    Uniquely positioned in the high growth online luxury sector, YNAP has a client base of c.4 million high-spending customers and over 900 million visitors worldwide. The Group has offices and operations in the United States, Europe, Middle East, Japan, mainland China and Hong Kong SAR, China. It delivers to over 170 countries around the world. 

    Investor Relations Contacts
    Mytheresa.com GmbH
    Stefanie Muenz
    phone: +49 89 127695-1919
    email: investors@mytheresa.com

    Media Contacts for public relations
    Mytheresa.com GmbH
    Sandra Romano
    mobile: +49 152 54725178
    email: sandra.romano@mytheresa.com

    Media Contacts for business press
    Mytheresa.com GmbH
    Lisa Schulz
    mobile: +49 151 11216490
    email: lisa.schulz@mytheresa.com

    Media Contacts for business press
    BOC Consult GmbH
    Ruediger Assion
    mobile: +49 176 2424 7691
    email: ruediger.assion@boc-consult.com

    Richemont Contacts
    Investor / analyst enquiries: +41 22 721 30 03; investor.relations@cfrinfo.net
    Media enquiries: +41 22 721 35 07; pressoffice@cfrinfo.net; richemont@teneo.com

    Source: MYT Netherlands Parent B.V.

    Click here for a printer-friendly version in English (PDF)

    The MIL Network –

  • MIL-OSI: Sagtec Global Expands Product Portfolio with AI Chatbot Service to Strengthen F&B Market Penetration

    Source: GlobeNewswire (MIL-OSI)

    KUALA LUMPUR, Malaysia, April 11, 2025 (GLOBE NEWSWIRE) —  Sagtec Global Limited (NASDAQ: SAGT) (“Sagtec” or the “Company”), a leading provider of customizable software solutions, today announced the launch of its AI-powered chatbot service, designed to elevate customer interaction and improve operational efficiency for F&B businesses in Malaysia.

    Seamlessly integrated with Sagtec’s point-of-sale (POS) and online ordering platforms, the new AI chatbot enables restaurants, cafes, and food chains to deploy intelligent virtual assistants capable of engaging with customers in real time. These AI-driven bots are designed to streamline operations by managing customer inquiries, processing orders, handling reservations, promoting offers, and collecting feedback – all through digital touchpoints such as web chat and popular messaging platforms.

    Sagtec will commence onboarding selected F&B partners in May 2025, with a nationwide rollout across Malaysia planned for the third quarter of the year. Looking ahead, the company will also extend the AI Chatbot service into regional markets, starting with Indonesia and followed by expansion into neighboring countries such as Singapore and Thailand.

    Key features of the AI Chatbot include:

    • Smart Ordering Handling: Accept and manage delivery and pickup orders through WhatsApp, Facebook Messenger, and integrated web chat channels.
    • Reservation and Queue Management: Automated table bookings and provide real-time updates on waiting times to enhance customer experience and optimize in-store operations.
    • Menu Guidance and Promotions: Instantly respond to inquiries about menu items, allergens, and pricing, while promoting current promotions and high-margin offerings.
    • Customer Support and Feedback Collection: Provide immediate responses to frequently asked questions and gather valuable post-meal feedback to drive service improvements and customer satisfaction.

    The launch comes at a pivotal time for Malaysia’s F&B industry. According to Mordor Intelligence, the Malaysian food service market is projected to grow from approximately US$15 billion in 2025 to US$28 billion by 2030, reflecting a compound annual growth rate (CAGR) of 13.26%. In parallel, the online food delivery segment is expected to reach US$3.2 billion in 2025, with a CAGR of 9.62% projected through 2029.

    This rapid growth is being fueled by shifting consumer behavior, with an increasing preference for convenience and digital-first experiences. Mobile apps have become the preferred method for placing food orders, further reinforcing the need for intelligent, automated customer engagement solutions.

    As customer retention remains a key driver of success in the food industry, this digital transformation is unlocking new opportunities for innovation. Sagtec’s AI chatbot positions the company – and its F&B clients – at the forefront of this evolution, enabling them to deliver personalized, responsive service while optimizing resources and boosting revenue.

    “As customer expectations evolve and digital engagement becomes a cornerstone of the F&B experience, automation is no longer a future trend – it’s a present-day necessity. Our AI chatbot service is designed to empower F&B businesses to deliver seamless, real-time customer support while improving operational efficiency. This launch marks a significant step forward in our mission to drive digital transformation across the industry, starting with Malaysia and expanding across Southeast Asia,” said Kevin Ng, Chairman, Executive Director and Chief Executive Officer of Sagtec.

    About Sagtec Global Limited

    Sagtec is a leading provider of customizable software solutions, primarily serving the Food & Beverage (F&B) sector. The Company also offers software development, data management, and social media management to enhance operational efficiency across various industries, including Key Opinion Leaders (KOLs). Additionally, Sagtec operates power-bank charging stations at 300 locations across Malaysia through its subsidiary, CL Technology (International) Sdn Bhd.

    For more information on the Company, please log on to https://www.sagtec-global.com/.

    Contact Information:

    Sagtec Global Limited Contact:
    Ng Chen Lok
    Chairman, Executive Director & Chief Executive Officer
    Telephone +6011-6217 3661  
    Email: info@sagtec-global.com

    The MIL Network –

  • MIL-OSI: Eightco Announces the Completion of the sale of Fergueson Containers, Inc.

    Source: GlobeNewswire (MIL-OSI)

    Strategic Divestiture Continues Focus on Core Forever 8 Business’ Long-Term Growth

    Easton, PA, April 11, 2025 (GLOBE NEWSWIRE) — Eightco Holdings Inc. (NASDAQ: OCTO) (the “Company” or “Eightco”) today announced that it has completed the sale of its subsidiary, Ferguson Containers, Inc., to Reichard Corrugated Products, LLC, an entity controlled by the existing management of Ferguson Containers.

    “We are pleased to announce the sale of Ferguson Containers. This planned divestiture is a milestone that will allow both companies to better position themselves for long-term success and aligns with our focus on our core business,” said Paul Vassilakos, CEO of Eightco and President of Forever 8 Fund, LLC (“Forever 8”), the Company’s remaining subsidiary. “We are grateful for the commitment and value Ferguson Containers has provided us. We extend our sincere congratulations to Edward and Derick Reichard, Senior Managers at Ferugson Containers for 35 years and Founders of Reichard Corrugated Products, LLC, and their team. We wish them the best as they embark on this new chapter.”

    Mr. Vassilakos, continued “This transaction is consistent with Eightco’s strategy to prioroitize and continue to sharpen its focus on its core business, Forever 8, and will move forward with its ongoing efforts to drive long-term growth by responding to the high demand for inventory and cash flow management solutions.”

    A description of the Asset Purchase Agreement and the terms of the acquisition are contained in the Company’s Current Report on Form 8-K which was filed with the U.S. Securities and Exchange Commission (“SEC”) on November 27, 2024 and can be found at at www.sec.gov.

    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 1, 2024. 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: Intapp announces plan to acquire TermSheet

    Source: GlobeNewswire (MIL-OSI)

    PALO ALTO, Calif., April 11, 2025 (GLOBE NEWSWIRE) — Intapp (NASDAQ: INTA), a leading global provider of AI-powered solutions for professionals at advisory, capital markets, and legal firms, today announced that it has signed an agreement to acquire TermSheet, a provider of software for real estate teams. TermSheet, LLC is an affiliate of Platform Ventures, a Kansas City-based investment firm. The transaction is subject to regular and customary closing conditions and is expected to close within the next 45 days.

    “This acquisition is an investment in better serving the tens of thousands of firms in the real assets market,” said Erin Guinan, General Manager of DealCloud at Intapp. “Bringing together Intapp DealCloud and TermSheet will deliver a more powerful operating system tailored to the complex needs of the commercial real estate industry and create an unparalleled team of industry experts.”

    The unified solution will provide an advanced operating system for every aspect of the real assets investment lifecycle. Using data-driven insights and Applied AI, the solution will foster firm growth by streamlining operations and accelerating execution of investment strategies.

    “We’re seeing an increased demand from real assets managers for digital transformation, as our clients tell us that market competition requires them to work smarter than ever before,” said Frank Spadafora, Industry Principal for Real Estate at Intapp. “They need automation to reduce time-consuming processes, and they need access to market and firm intelligence to improve execution against their investment strategies. Together, Intapp DealCloud and TermSheet will deliver an advanced operating system that applies intelligence so clients can better execute across the client lifecycle, improve returns, and foster firm growth.”

    Additionally, Intapp will welcome the TermSheet team, including founders Roger Smith and Sahil Rattan. TermSheet’s experts have extensive and diverse real assets and investing experience, across a team of research and development, engineering, relationship management, client support, and services specialists.

    “We’re excited to join Intapp to deliver a comprehensive, integrated solution that helps real assets clients capture, standardize, and use key data to accelerate the lifecycle and help execute the next deal,” said Smith.

    “Combining Intapp and TermSheet will create an unmatched team and technology platform focused on real assets,” said Rattan. “With Intapp’s size and resources, we can further accelerate innovation and bring new features to market faster.”

    Advanced capabilities for both DealCloud and TermSheet will be introduced after close, with the unified solution, which combines the best of both platforms, following closely behind. Once launched, the unified solution will be made available to current DealCloud and TermSheet clients, without the need for additional purchase. Intapp will host regular webinars for clients showcasing progress against the roadmap.

    About Intapp​
    Intapp software helps professionals unlock their teams’ knowledge, relationships, and operational insights to increase value for their firms. Using the power of Applied AI, we make firm and market intelligence easy to find, understand, and use. With Intapp’s portfolio of vertical SaaS solutions, professionals can apply their collective expertise to make smarter decisions, manage risk, and increase competitive advantage. The world’s top firms — across accounting, consulting, investment banking, legal, private capital, and real assets — trust Intapp’s industry-specific platform and solutions to modernize and drive new growth. For more information, visit intapp.com and connect with us on LinkedIn.​

    Contact
    Ali Robinson
    Global Media Relations Director
    press@intapp.com

    The MIL Network –

  • MIL-OSI: Orange Bank & Trust Company Promotes David Dineen to Executive Vice President, Managing Director of Wealth Management

    Source: GlobeNewswire (MIL-OSI)

    MIDDLETOWN, N.Y., April 11, 2025 (GLOBE NEWSWIRE) — Orange Bank & Trust Company, an economic engine of New York’s business community for more than 132 years, announced that David Dineen has been promoted to Executive Vice President, Senior Managing Director of Wealth Management.

    Dineen joined Orange Bank & Trust in 2022 as Senior Vice President and Director of Wealth Services, successfully overseeing the trust and private banking divisions. As Senior Managing Director of Wealth Management, he is responsible for leading the asset management, trust, and private banking offerings under the umbrella of Orange Wealth Management.

    “David’s deep expertise in the wealth management industry, strategic vision, and commitment to our clients’ financial success is invaluable as we continue to expand our offerings through Orange Wealth Management,” said Michael Gilfeather, Orange Bank & Trust Company President and CEO.

    Dineen has more than 35 years of banking industry experience, including positions with The Bank of New York, Commerce Bank, North Fork Bank, Bankwell Financial, and Capital One Bank. He graduated from Saint Joseph’s College with a B.A. in Business Administration.

    “With Orange Wealth Management, we can offer our entrepreneurial clients a comprehensive solution that integrates investment guidance, estate planning, and personal banking services. I look forward to working with our team to continue to grow this area of our business and meet the evolving needs of our clients,” said Dineen.

    About Orange Bank & Trust Company  
    Orange Bank & Trust Company is the Hudson Valley’s premier financial institution focusing on commercial lending, business banking, and wealth management services. For more than 132 years, Orange Bank & Trust Company has been an economic engine of the community, with approximately $2.5 billion in assets and playing a vital role in increasing opportunities for local businesses, facilitating region-defining developments, and maximizing investments to neighborhood-serving non-profits.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/3d5e90d0-9344-4c3b-b332-dc09b6a0651d

    The MIL Network –

  • MIL-OSI: Hanmi Financial Corporation Announces First Quarter 2025 Earnings and Conference Call Date

    Source: GlobeNewswire (MIL-OSI)

    LOS ANGELES, April 11, 2025 (GLOBE NEWSWIRE) — Hanmi Financial Corporation (Nasdaq: HAFC) (“Hanmi”), the holding company for Hanmi Bank, today announced that it will report first quarter 2025 financial results after the market close on Tuesday, April 22, 2025. Management will host a conference call that same day, at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) to discuss the results.

    Investment professionals and all current and prospective shareholders are invited to access the live call on April 22 by dialing 1-877-407-9039 before 2:00 p.m. Pacific Time, using access code “Hanmi Bank”. To listen to the call online visit the investor relations page of Hanmi’s website at www.hanmi.com. The webcast will also be available for replay approximately one hour following the call.

    About Hanmi Financial Corporation
    Headquartered in Los Angeles, California, Hanmi Financial Corporation owns Hanmi Bank, which serves multi-ethnic communities through its network of 32 full-service branches, five loan production offices and three loan centers in California, Colorado, Georgia, Illinois, New Jersey, New York, Texas, Virginia and Washington and Georgia. Hanmi Bank specializes in real estate, commercial, SBA and trade finance lending to small and middle market businesses. Additional information is available at www.hanmi.com.

    Contact
    Romolo (Ron) Santarosa
    Senior Executive Vice President & Chief Financial Officer
    213-427-5636

    Lisa Fortuna
    Investor Relations
    Financial Profiles, Inc.
    310-622-8251

    Source: Hanmi Bank

    The MIL Network –

  • MIL-OSI: CSW Industrials Increases Quarterly Dividend by 12.5% to $0.27 Per Share

    Source: GlobeNewswire (MIL-OSI)

    DALLAS, April 11, 2025 (GLOBE NEWSWIRE) — The Board of Directors of CSW Industrials, Inc. (Nasdaq: CSWI) today declared a regular quarterly cash dividend of $0.27 per share. This represents an increase of $0.03 per share, or approximately 12.5%, as compared to the paid dividend in the prior quarter. The dividend is payable on May 9, 2025, to shareholders of record as of the close of business on April 25, 2025.

    “We are pleased to announce the sixth increase in our quarterly dividend, reflecting our strong balance sheet, cash flows and profitability. Since October of 2017, CSWI has returned $222.4 million in cash to our shareholders through share repurchases and dividends, while delivering impressive growth, both organically and through accretive acquisitions,” said Joseph B. Armes, CSW Industrials Chairman, President, and Chief Executive Officer.

     
    Details
    Dividend Amount: $0.27
    Record Date: April 25, 2025
    Payable Date: May 9, 2025
       

    About CSW Industrials
    CSW Industrials is a diversified industrial growth company with industry-leading operations in three segments: Contractor Solutions, Specialized Reliability Solutions, and Engineered Building Solutions. CSWI provides niche, value-added products with two essential commonalities: performance and reliability. The primary end markets we serve with our well-known brands include: HVAC/R, plumbing, electrical, general industrial, architecturally-specified building products, energy, mining, and rail transportation. For more information, please visit www.cswindustrials.com. 

    Investor Relations
    Alexa Huerta
    Vice President of Investor Relations and Treasurer
    214-489-7113
    Alexa.Huerta@cswi.com

    The MIL Network –

  • MIL-OSI: QC Holdings, Inc. to be Acquired by Prospect Capital Corporation

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, April 11, 2025 (GLOBE NEWSWIRE) — A portfolio company of Prospect Capital Corporation (“Prospect”) (NASDAQ: PSEC) and QC Holdings, Inc. (“QC Holdings” or the “Company”) (OTCPK:QCCO) today announced they have entered into a definitive merger agreement pursuant to which, subject to certain conditions and on the terms set forth in the merger agreement, Prospect would acquire QC Holdings in an all-cash transaction, for $2.00 per share, for a total enterprise value of approximately $115 million (the “Merger”).

    The Merger was unanimously approved by the board of directors of QC Holdings and by the holders of a majority of the outstanding shares of the Company’s common stock. No other stockholder approval is required. Completion of the Merger is subject to the receipt of certain required regulatory approvals, as well as certain other closing conditions customary for transactions of this nature. The transaction is expected to close in 40 to 60 days.

    Upon completion of the transaction, QC Holdings’ common stock will no longer be listed on the OTC Pink Market. The Company will remain headquartered in Lenexa, Kansas.

    The QC Holdings management team, led by Darrin Andersen, President and Chief Executive Officer, will continue to lead the Company post-Merger in their current roles.

    “QC Holdings has built a strong foundation based on innovation, customer service, and operational excellence,” said Mr. Andersen. “This Merger provides an excellent premium for our stockholders above our stock price. Our access to greater capital through Prospect will position us for future growth and innovation, ensuring that we will continue to provide increased value to our customers.”

    “Prospect looks forward to supporting the growth of QC Holdings, a strong consumer finance business with a 40-year history,” said Grier Eliasek, President and Chief Operating Officer of Prospect.

    Blank Rome LLP served as legal advisor to Prospect. Stinson LLP served as legal advisor to QC Holdings.

    About QC Holdings, Inc.

    QC Holdings specializes in consumer-focused alternative financial services and credit solutions and, for more than 40 years, has been providing credit options for people underserved by traditional banking institutions. Its core products include a variety of short-term loans and financial services. In the United States, QC Holdings operates as “LendNation” through more than 325 retail locations in 12 states. In Canada, QC Holdings offers loans through 19 retail locations and online.

    About Prospect Capital Corporation

    Prospect is a business development company lending to and investing in private businesses. Prospect’s investment objective is to generate both current income and long-term capital appreciation through debt and equity investments.

    Prospect has elected to be treated as a business development company under the Investment Company Act of 1940. Prospect has elected to be treated as a regulated investment company under the Internal Revenue Code of 1986.

    Cautionary Note Regarding Forward-Looking Statements

    This press release contains forward-looking statements within the meaning of safe harbor provisions of the U.S. Private Securities Litigation Reform Act, whose safe harbor for forward-looking statements does not apply to business development companies. Forward-looking statements do not relate strictly to historical or current facts and may be identified by the use of words such as “may,” “will,” “should,” “could,” “would,” “expects,” “plans,” “anticipates,” “believes,” “estimates,” “projects,” “predicts,” “forecasts,” “foresees,” “potential” and other words of similar meaning in conjunction with statements regarding, among other things, (i) plans and objectives of management for the operation of QC Holdings, (ii) statements regarding the timing of completion of the merger and the consummation of the Merger, (iii) the anticipated financing of the transaction, (iv) the anticipated benefits to QC Holdings arising from the completion of the Merger, (v) the impact of the Merger on QC Holdings’ business strategy and future business and operational performance, and (vi) the assumptions underlying or relating to any such statement. Such forward-looking statements are not meant to predict or guarantee actual results, performance, events or circumstances. Actual results and the timing of certain events and circumstances may differ materially from those described by the forward-looking statements.

    Additional Information Regarding the Merger

    QC Holdings will mail or otherwise make available to its stockholders an Information Statement (the “Information Statement”), describing the Merger. QC HOLDINGS’ STOCKHOLDERS ARE URGED TO CAREFULLY REVIEW THE INFORMATION STATEMENT AND ANY ACCOMPANYING DOCUMENTS IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE MERGER. QC Holdings stockholders may obtain a free copy of the Information Statement and other documents (when available) from Computershare, the Company’s stock transfer agent.  A copy of the Information Statement will also be available on QC Holdings’ website at www.qchi.com.

    For further information, contact:

    Grier Eliasek, President and Chief Operating Officer, Prospect Capital Corporation 
    grier@prospectcap.com 
    (212) 448-0702

    Darrin J. Andersen, President / Chief Executive Officer, QC Holdings Inc. 
    Darrin.andersen@qcholdings.com
    (913) 234-5122

    Joshua C. Ditmore, General Counsel, QC Holdings, Inc.
    Joshua.ditmore@qcholdings.com
    (913) 234-5174

    The MIL Network –

  • MIL-OSI: Skycorp Solar Group Limited Appoints Feng Shibo to Board of Directors

    Source: GlobeNewswire (MIL-OSI)

    Ningbo, China, April 11, 2025 (GLOBE NEWSWIRE) — Skycorp Solar Group Limited (the “Company” or “PN”), a reputable solar PV product provider engaged in the manufacture and sale of solar cables and solar connectors, today announced the appointment of Feng Shibo to the Company’s Board of Directors (“the Board”) and as Chair of the Audit Committee, effective April 08, 2025.

    Mr. Feng is currently CFO of China Forestry Treasury Center Limited, where he manages financing, internal controls, and financial systems. Previously, he served as Senior Vice President at Shandong Hi-Speed Resources Fund, overseeing financing for large real estate projects. He also worked at Guotai Junan Securities Co. Ltd. and managed audits for major clients during his time at PricewaterhouseCoopers LLP, accumulating over a decade of diverse financial advisory experience. Mr. Feng holds a Bachelor’s degree in Finance and a Master’s degree in Professional Accounting.

    Li Baosong has resigned as an Independent Director of the Board for personal reasons, effective April 08, 2025.

    Mr. Weiqi Huang, Chairman and CEO of the Company commented: “We are thrilled to welcome Shibo to the Board of Directors. His strategic vision and rich experience in corporate financing will bring invaluable perspective as we execute our business growth plan and drive shareholder value creation. Mr. Feng will combine strategic planning with practical execution, consistently delivering value in capital operations, risk management, and financial optimization, with both international insight and local expertise. His appointment underscores the continued commitment to recruit new independent and highly qualified directors to deliver long-term shareholder returns.”

    About Skycorp Solar Group Limited

    Skycorp Solar Group Limited is a solar photovoltaic (PV) product provider focused on manufacturing and selling solar cables and connectors. We also partner with various IC chip manufacturers to offer new and used GPU and HPC servers. Our operations are managed through our subsidiaries, including Ningbo Skycorp Solar Co., Ltd., in China.

    The Company’s mission is to become a green energy solutions provider for data centers by utilizing solar power and delivering eco-friendly solar PV products. By leveraging the Company’s expertise in solar technologies and relationships with HPC server clients, it aims to expand offerings of solar PV products and server solutions for enterprise customers. For more information, please visit: https://www.skycorp.com.

    Forward-Looking Statement

    This press release contains forward-looking statements. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When the Company uses words such as “may, “will, “intend,” “should,” “believe,” “expect,” “anticipate,” “project,” “estimate” or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company’s expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, factors discussed in the “Risk Factors” section of the registration statement filed with the SEC. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company’s filings with the SEC, which are available for review at www.sec.gov. 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:

    Investor Relations
    WFS Investor Relations Inc.
    Connie Kang
    Partner
    Email: ckang@wealthfsllc.com
    Tel: +86 1381 185 7742 (CN)

    The MIL Network –

  • MIL-OSI: Guaranteed Rate Affinity Celebrates National Operations Day, Honoring EVP Jaime Joyce and the Team Behind Its Seamless Loan Process

    Source: GlobeNewswire (MIL-OSI)

    CHICAGO, April 11, 2025 (GLOBE NEWSWIRE) — Guaranteed Rate Affinity, a leading mortgage provider offering unparalleled lending services through its exclusive partnership with Coldwell Banker, is recognizing National Operations Day by celebrating the backbone of its business: its Operations team, led by Executive Vice President Jaime Joyce.

    Joyce has been with Guaranteed Rate Affinity since its inception in 2017 and was named EVP of Operations in 2024. Under her leadership, the company’s operations team has consistently delivered on its promise to make the mortgage process easier for borrowers, agents, and loan officers alike.

    That promise is backed by results. In the past year alone, 623 customer surveys included the word “easy” to describe their experience with Guaranteed Rate Affinity—a testament to a process that is as efficient as it is dependable.

    “Jaime’s leadership and passion for the business are a key part of our growth and success,” said David Dickey, President and CEO of Guaranteed Rate Affinity. “Putting members first is one of our core values, and she lives that daily. I’m incredibly proud of the work her team does to deliver a consistently exceptional experience for our clients.”

    On April 11, Guaranteed Rate Affinity will mark National Operations Day with company-wide recognition and social media content highlighting its message: “We make the mortgage process easy.” The celebration acknowledges the people and processes that power one of the most streamlined lending experiences in the industry.

    About Guaranteed Rate Affinity

    Guaranteed Rate Affinity is a joint venture between Guaranteed Rate, Inc. and Anywhere Integrated Services (NYSE: HOUS), which owns some of the industry’s most recognized and respected real estate brands. The innovative JV has funded over $100 billion in loans since its inception. Guaranteed Rate Affinity originates and markets its mortgage lending services to Anywhere’s real estate, brokerage, and relocation subsidiaries.

    Guaranteed Rate Affinity provides unmatched support to Anywhere brokers coast-to-coast, ensuring their customers receive fast pre-approvals, appraisals, and loan closings, creating the ability for buyers to move quickly and confidently when purchasing homes in today’s competitive market. The company also provides the same services to the public and other real estate brokerage and relocation companies across the country—helping employers improve their employees’ relocation experience by prioritizing customer service, digital mortgage ease, and competitive rates.

    Guaranteed Rate owns a controlling 50.1% stake in Guaranteed Rate Affinity, and Anywhere owns 49.9%. Visit grarate.com for more information.

    Media Contact:
    press@rate.com

    The MIL Network –

  • MIL-OSI: First Bancshares, Inc. Announces Operating Results for Quarter Ended March 31, 2025

    Source: GlobeNewswire (MIL-OSI)

    MOUNTAIN GROVE, Mo., April 11, 2025 (GLOBE NEWSWIRE) — First Bancshares, Inc. (OTCQX: FBSI) (“Company”), the holding company for Stockmens Bank (“Bank”), today announced its unaudited financial results for the quarter ended March 31, 2025.

    For the first quarter of 2025, the Company reported after-tax net income of $1,692,000 or $0.71 per share-diluted compared to $1,653,000 or $0.68 per share-diluted for the same period in 2024. Net income for the first quarter of 2025 represents an after-tax return on average assets of 1.26% and an after-tax return on equity of 11.19%. The Company has again effectively overcome stubborn inflationary pressures on non-interest expenses by building net interest margin to 4.50%, reducing cost of funds to 1.80%, and increasing yield on earning assets to 6.34%.

    Since March 31, 2024, consolidated total assets decreased $7.1 million to $532.4 million through a $26.4 million outflow of cash and cash equivalents, most of which was deployed into an additional $19.2 million in loans receivable. Total deposits decreased $14.0 million to $464.1 million, and stockholders’ equity increased $6.2 million to $61.4 million, boosted by a reduction in the unrealized loss position on the Bank’s miniscule available for sale securities portfolio.

    During the first quarter of 2025, the Bank continued a trend of funding operations through core deposits, preserving robust earnings ratios, maintaining stellar asset quality, and strengthening of tier 1 capital to over 11% through organic means. During one of the most tumultuous economic periods in recent history, the Company is equipped to take advantage of opportunities as they arise in 2025.

    The Bank meets all regulatory requirements for “well-capitalized” status.

    About the Company

    First Bancshares, Inc. is the holding company for Stockmens Bank, a FDIC-insured commercial bank chartered by the State of Colorado that conducts business from its home office in Colorado Springs, Colorado, and eight full-service Missouri offices in Mountain Grove, Marshfield, Ava, Kissee Mills, Gainesville, Crane, Hartville and Springfield, and full-service offices in Bartley, Nebraska and Akron, Colorado.

    Cautionary Note Regarding Forward-Looking Statements

    The Company and its wholly owned subsidiary, Stockmens Bank, may from time to time make written or oral “forward-looking statements” in its reports to shareholders, and in other communications by the Company, which are made in good faith by the Company pursuant to the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995.

    These forward-looking statements include statements with respect to the Company’s beliefs, expectations, estimates and intentions that are subject to significant risks and uncertainties, and are subject to change based on various factors, some of which are beyond the Company’s control. Such statements address the following subjects: future operating results; customer growth and retention; loan and other product demand; earnings growth and expectations; new products and services; credit quality and adequacy of reserves; results of examinations by our bank regulators, technology, and our employees. The following factors, among others, could cause the Company’s financial performance to differ materially from the expectations, estimates and intentions expressed in such forward-looking statements: the strength of the United States economy in general and the strength of the local economies in which the Company conducts operations; the effects of, and changes in, trade, monetary, and fiscal policies and laws, including interest rate policies of the Federal Reserve Board; inflation, interest rate, market, and monetary fluctuations; the timely development and acceptance of new products and services of the Company and the perceived overall value of these products and services by users; the impact of changes in financial services’ laws and regulations; technological changes; acquisitions; changes in consumer spending and savings habits; and the success of the Company at managing and collecting assets of borrowers in default and managing the risks of the foregoing.

    The foregoing list of factors is not exclusive. The Company does not undertake, and expressly disclaims any intent or obligation, to update any forward-looking statement, whether written or oral, that may be made from time to time by or on behalf of the Company.

    Contact: Robert M. Alexander, Chairman and CEO – (719) 955-2800

     
    First Bancshares, Inc. and Subsidiaries
    Financial Highlights
    (unaudited)
    (In thousands, except per share amounts)
                   
                   
          Quarter Ended   Quarter Ended   Quarter Ended
          March 31,   December 31,   March 31,
          2025   2024   2024
    Operating Data:            
                   
    Total interest income   $ 7,965   $ 8,161   $ 8,141
    Total interest expense   2,310   2,398   2,798
      Net interest income   5,655   5,763   5,343
    Provision for credit losses   178   241   202
      Net interest income after provision for credit losses   5,477   5,522   5,141
    Gain (loss) on sale of investments   –   –   –
    Non-interest income   360   403   377
    Non-interest expense   3,584   3,711   3,323
    Income before taxes   2,253   2,214   2,195
    Income tax expense   561   495   542
      Net income   $ 1,692   $ 1,719   $ 1,653
                   
      Earnings per share   $ 0.71   $ 0.71   $ 0.68
                   
          At   At   At
          March 31,   December 31,   March 31,
    Financial Condition Data:   2025   2024   2024
                   
    Cash and cash equivalents   $ 56,606   $ 68,570   $ 82,987
      (excludes CDs)      
    Investment securities   13,338   13,066   12,959
      (includes CDs)      
    Loans receivable, net   431,933   423,657   412,692
    Goodwill and intangibles   1,479   1,515   1,622
    Total assets   532,413   537,885   539,520
    Deposits   464,064   472,596   478,037
    Repurchase agreements   1,300   1,084   1,357
    Borrowings   –   –   –
    Stockholders’ equity   61,402   59,562   55,216
    Book value per share   $ 25.29   $ 24.53   $ 22.74
                       

    The MIL Network –

  • MIL-OSI: Apollo Funds Commit up to $400 Million for New Commercial Solar Partnership with Summit Ridge Energy

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK and ARLINGTON, Va., April 11, 2025 (GLOBE NEWSWIRE) — Apollo (NYSE: APO) and Summit Ridge Energy, LLC (“Summit Ridge Energy” or “Summit Ridge”), one of the nation’s leading commercial solar companies, today announced that Apollo-managed funds (the “Apollo Funds”) have committed up to $400 million for a new joint venture partnership with Summit Ridge to jointly own and operate a portfolio of commercial solar assets across Illinois.

    Summit Ridge Energy is one of the largest owner-operators of commercial solar assets in the United States, with over 2GW of solar projects operating and in development across Illinois, Maryland, Virginia, New York, Delaware, Pennsylvania and Maine, providing energy savings to more than 40,000 homes and businesses while contributing to American energy independence. In 2022, Apollo Funds previously made a $175 million strategic investment in Summit Ridge.

    Apollo Partner Corinne Still said, “We are pleased to expand our relationship with Summit Ridge Energy and enter this new partnership, which we believe represents a compelling opportunity to invest in solar projects poised to contribute domestic power generation capacity to meet growing electricity demands for households and businesses alike. Apollo is committed to serving as a leading capital provider enabling the new industrial renaissance and is excited to continue our support of Summit Ridge’s mission to deliver a more secure, self-reliant energy future for communities across the country.”

    “As we expand our footprint of solar assets, Summit Ridge Energy is advancing a more reliable and locally driven energy system—bolstering the U.S. electric grid while delivering savings to businesses and households and helping to create thousands of American jobs,” said Adam Kuehne, Chief Investment Officer of Summit Ridge Energy. “We’re proud to partner with the Apollo team as we continue driving the nation toward greater energy independence.”

    Over the past five years, Apollo-managed funds and affiliates have committed, deployed or arranged approximately $58 billioni of climate and energy transition-related investments, supporting companies and projects across clean energy and infrastructure.

    Orrick, Herrington & Sutcliffe LLP served as legal counsel to the Apollo Funds.

    ____________________
    i     As of December 31, 2024. The firmwide targets (the “Targets”) to deploy, commit, or arrange capital commensurate with Apollo’s proprietary Climate and Transition Investment Framework (the “CTIF”), are (1) $50 billion by 2027 and (2) more than $100 billion by 2030 The CTIF, which is subject to change at any time without notice, sets forth certain activities classified by Apollo as sustainable economic activities (“SEAs”), and the methodologies used to calculate contribution towards the Targets. Only investments determined to be currently contributing to an SEA in accordance with the CTIF are counted toward the Targets. Under the CTIF, Apollo uses different calculation methodologies for different types of investments in equity, debt and real estate. For additional details on the CTIF, please refer to our website here: https://www.apollo.com/strategies/asset-management/real-assets/sustainable-investing-platform.

    About Apollo

    Apollo is a high-growth, global alternative asset manager. In our asset management business, we seek to provide our clients excess return at every point along the risk-reward spectrum from investment grade credit to private equity. For more than three decades, our investing expertise across our fully integrated platform has served the financial return needs of our clients and provided businesses with innovative capital solutions for growth. Through Athene, our retirement services business, we specialize in helping clients achieve financial security by providing a suite of retirement savings products and acting as a solutions provider to institutions. Our patient, creative, and knowledgeable approach to investing aligns our clients, businesses we invest in, our employees, and the communities we impact, to expand opportunity and achieve positive outcomes. As of December 31, 2024, Apollo had approximately $751 billion of assets under management. To learn more, please visit www.apollo.com.

    About Summit Ridge Energy   

    As the nation’s leading commercial solar company, Summit Ridge Energy merges financial innovation and industry-leading execution to deliver locally generated energy via a more resilient and secure electric grid. This has made Summit Ridge one of the fastest-growing energy companies in America, with over 2 GW of solar power operating and in development.

    Since launching in 2017, Summit Ridge has raised over $5B in project capital to finance 200+ solar farms, providing energy savings to more than 40,000 homes and businesses while contributing to American energy independence. Learn more at srenergy.com and connect with us on LinkedIn.

    Contacts

    For Apollo:

    Noah Gunn
    Global Head of Investor Relations
    Apollo Global Management, Inc.
    212-822-0540
    ir@apollo.com

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

    For Summit Ridge Energy:

    Media

    347-723-7231

    press@srenergy.com

    Business Development

    business@srenergy.com

    The MIL Network –

  • MIL-OSI: MEXC Among Top 3 CEXs with $1.79B Monthly Inflows, Driven by Innovative Strategies

    Source: GlobeNewswire (MIL-OSI)

    VICTORIA, Seychelles, April 11, 2025 (GLOBE NEWSWIRE) — MEXC has achieved a net inflow of $77.5 million over the past 7 days, positioning itself as one of the few major centralized exchanges (CEXs) to demonstrate positive momentum during a widespread market decline, according to DeFiLlama. The exchange’s total monthly net inflow reached $1.79 billion, a 12.4% rise from the previous month, highlighting its resilience and consistent growth amid cautious user behavior across the broader market.

    DeFiLlama data also ranks MEXC among the top 3 exchanges for monthly inflows, with $84.25 million recorded in April alone and a total value locked (TVL) of $2.8 billion as of April 9, 2025. This performance reflects MEXC’s growing credibility and ability to attract liquidity despite ongoing market volatility.

    Exchange 7-Day Net Inflow 30-Day Net Inflow
    Binance +$888 million +$3.7 billion
    Bybit +$564.9 million +$3.2 billion
    MEXC +$77.5 million +$1.79 billion
    Kucoin −$40 million −$893.5 million
    HTX +$402.1 million +$464.9 million

    Net Inflow Trends Across Major CEXs (Source: https://defillama.com/cexs)
    MEXC’s standout performance over the past month can be attributed to its strategic focus on trading initiatives and ecosystem development. The key drivers behind this success include the following:

    1. Strategic Initiatives: Through its “Zero Trading Fee” campaign, MEXC significantly boosted trading volume and user engagement.
    2. BNB Chain Ecosystem Focus: MEXC’s targeted approach to CZ/BNB-Chain concept tokens, coupled with high returns and trading volumes of popular tokens, further drove user fund inflows.
    3. Capturing High-Potential Tokens: As the first platform to list CZ/BNB-Chain concept tokens like MUBARAK, MEXC created opportunities for low-cost entry and high returns, drawing significant user capital.
    4. Launch of DEX+: The launch of DEX+, a hybrid centralized-decentralized trading platform, lowered the barriers to on-chain trading, enhancing MEXC’s appeal to users and boosting fund inflows.

    1. Zero Trading Fee Strategy Significantly Boosts Trading Activity

    During its March Zero Trading Fee campaign, MEXC introduced trading pairs such as SOL/USDT, HYPE/USDT, and S/USDT, resulting in a 17.8% month-over-month increase in the number of traders and a remarkable 170.2% surge in trading volume. Notably, SOL/USDT saw a 185.62% increase in trading volume, with its average daily trading volume accounting for 19.0% of MEXC’s total futures trading volume – a growth rate of 189.69%—making it the standout pair of the quarter. ADA/USDT recorded the highest growth, with a 369.44% increase in trading volume and a 393.05% rise in its share of MEXC’s daily futures trading volume. Additionally, DOGE/USDT and SUI/USDT saw trading volume increases of 82.87% and 70.84%, respectively.

    0 Trading Fee strategy also significantly enhanced MEXC’s market share. Trading pairs such as AIXBT/USDT, DOGE/USDT, and SOL/USDT led market share growth with increases of 331%, 283%, and 209%, respectively. DOGE/USDT and SOL/USDT achieved market shares of 30.5% and 30.3%, respectively, ranking first among the same pairs on CoinMarketCap (CMC), while ADA/USDT secured the second spot with a 20.6% market share. These figures demonstrate that the 0 Trading Fee campaign effectively ignited user trading enthusiasm, driving substantial fund inflows to the platform.

    2. Strategic Focus on BNB Chain Ecosystem Fuels Hot Token Trading

    The BNB Chain ecosystem has emerged as a new hotspot for on-chain assets over the past month, and MEXC’s strategic focus on this ecosystem has paid off. In March, BNB Chain ecosystem tokens accounted for 50.8% of new token spot trading users, a 30.1% month-over-month increase, while their trading volume share soared to 56.6%, reflecting a 63.5% month-over-month growth. This made the BNB Chain ecosystem a core driver of March’s trading surge.

    The top five BNB Chain ecosystem tokens delivered an average return of 3,760%, creating significant profit opportunities for users while fueling a trading frenzy. Star tokens like MUBARAK, BUBB, and TUT led the charge with gains of 10,900%, 4,168%, and 2,000%, respectively, contributing 17%, 4%, and 7% to new token trading volume. MUBARAKAH and BMT also performed strongly, contributing 4% and 3% to trading volume, respectively. The robust trading activity of BNB Chain ecosystem tokens further attracted user fund inflows, injecting fresh momentum into MEXC’s growth.

    3. First-Mover Advantage in Token Launches Makes MEXC a Go-To Platform for Low-Cost Entry

    MEXC demonstrated industry-leading prowess in launching CZ-concept tokens. On March 14, 2025, at 12:35:00 (UTC+8), MEXC became the first exchange to list MUBARAK, outpacing all other platforms. Within 24 hours of its launch, MUBARAK surged by 1,377.5%, reaching a peak price of $0.22—a staggering 10,900% increase from its listing price. By the close of March 18, MUBARAK’s average daily trading volume had grown by 197% compared to March 15–16, with the number of traders rising by 76% month-over-month, reflecting sustained user enthusiasm.

    4. DEX+ Launch Enhances User Experience and Fund Attraction Through Innovation

    In March, MEXC introduced DEX+, a hybrid centralized-decentralized trading platform that allows users to engage in decentralized trading without leaving the MEXC app or website, providing access to a wide range of on-chain assets. Currently, DEX+ supports over 15,000 tokens across the Solana and BNB Chain ecosystems, covering a broad spectrum of on-chain assets. This innovative model not only enhances trading convenience but also strengthens MEXC’s appeal to on-chain trading users, further driving fund inflows.

    Conclusion

    With $1.79 billion in fund inflows over the past month and a 63.9% fund inflow efficiency, MEXC has demonstrated its competitive strength among global cryptocurrency exchanges. Whether through its 0 Trading Fee campaign to boost trading activity, its strategic focus on the BNB Chain ecosystem, its first-mover advantage in launching high-potential tokens, or the innovative launch of DEX+, MEXC has leveraged innovation to drive rapid fund inflows. Looking ahead, as the crypto market continues to evolve, MEXC is well-positioned to attract more global users and solidify its market standing by further enhancing user experience and expanding its market presence.

    About MEXC
    Founded in 2018, MEXC is committed to being “Your Easiest Way to Crypto.” Serving over 36 million users across 170+ countries, MEXC is known for its broad selection of trending tokens, everyday airdrop opportunities, and low trading fees. Our user-friendly platform is designed to support both new traders and experienced investors, offering secure and efficient access to digital assets. MEXC prioritizes simplicity and innovation, making crypto trading more accessible and rewarding.
    MEXC Official Website｜ X ｜ Telegram ｜How to Sign Up on MEXC

    Source

    Contact:
    Lucia Hu
    lucia.hu@mexc.com

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

    Legal Disclaimer: This media platform provides the content of this article on an “as-is” basis, without any warranties or representations of any kind, express or implied. We do not assume any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information presented herein. Any concerns, complaints, or copyright issues related to this article should be directed to the content provider mentioned above.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/4d12447d-9018-4bc9-93c6-970fbbc000fc

    The MIL Network –

  • MIL-OSI: ThriveCart Launches Custom-Built Stripe Connect+ and Innovative Pro+ Platform Features

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, April 11, 2025 (GLOBE NEWSWIRE) — ThriveCart is thrilled to announce Stripe Connect+, its new custom-built integration with Stripe, which brings a new era of advanced payment processing to many of ThriveCart’s 60,000 + course creators, coaches, and online business owners.

    Officially available from April 16, 2025, Stripe Connect+ powers ThriveCart Pro+ features for the leading no-code sales platform, affiliate engine and Learning Management System (LMS), to deliver flexible and scalable checkout experiences that increase conversions, digital sales, and revenue.

    Stripe Connect+

    Stripe Connect+ introduces cutting-edge checkout capabilities that extend beyond those of previous Stripe Legacy and Stripe Enhanced setups. Its new authentication flows and advanced 3D Secure configuration ensure users’ global compliance and security across diverse transaction scenarios.

    Stripe Connect+ supports 100+ payment methods, including Amazon Pay, Revolut Pay, Zip, TWINT, and Swish. The Stripe Dashboard’s rules engine allows entrepreneurs to customize and localize the payment methods displayed at checkout, based on transaction size, currency, or buyer location.

    Stripe Connect+ also enables innovative cryptocurrency payments in USDC for ThriveCart Pro+ users. Cryptocurrency payments are proven to uplift sales by 7% on average.

    ThriveCart Pro+

    The following Pro+ features are now available, built on Stripe Connect+:

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    • QR Code Checkout, enabling seamless sales during webinars, virtual and in-person events
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    About Thrivecart
    ThriveCart is the leading sales platform for digital course creators, coaches, entrepreneurs, and online businesses looking to boost revenue, drive conversions, and scale audiences. ThriveCart powers over 60,000 businesses that have generated over $5 billion in lifetime sales.
    Contact: Allison Wasz
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    The MIL Network –

  • MIL-OSI: Fluxys Belgium – Regulated information: Ordinary and Extraordinary General Meetings on 13th May 2025

    Source: GlobeNewswire (MIL-OSI)

    The Board of directors of Fluxys Belgium SA has the honour to invite the shareholders of the company to attend the Ordinary and Extraordinary General Meetings to be held on Tuesday 13th May 2025 as from 2.30 pm at the BNP Event Center, Rue Royale 20, 1000 Brussels. 

    Download below the notice of these General Meetings (in Dutch or French).

    The other documents related to these General Meetings, as well as the integrated annual report 2024, are available on the Fluxys Belgium website.

    The MIL Network –

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

    Source: GlobeNewswire (MIL-OSI)

    Accelsius and AeroFlexx started generating revenue with expectations to grow in 2025

    Founded fourth company, Refinity, to commercialize cost-effective conversion of mixed plastic wastes to petrochemical feedstocks in collaboration with The Dow Chemical Company

    ORLANDO, Fla., April 11, 2025 (GLOBE NEWSWIRE) — Innventure, Inc. (NASDAQ: INV) (“Innventure”), a technology commercialization platform, today announced financial results for the quarter and year ended December 31, 2024.

    “2024 was a seminal year for Innventure, highlighted by commercial delivery of product for both Accelsius and AeroFlexx, the October close of our business combination and subsequent public listing, and the launch of our fourth operating company, Refinity, in mid-December.” said Bill Haskell, Innventure’s Chief Executive Officer. “Momentum has continued into 2025 and we expect even more exciting developments throughout the year as we continue our journey as a publicly traded technology commercialization platform.”

    Conference Call and Webcast

    A conference call to discuss these results has been scheduled for 11:00 a.m. ET on April 11, 2025. The event will be webcasted live via Innventure’s investor relations website https://ir.innventure.com/ or via this link.

    Parties interested in joining via teleconference can register using this link: https://register-conf.media-server.com/register/BIf41bc3411b8f4b8c935d6895015728c1

    After registering, you will be provided dial in details and a unique dial-in PIN. Registration is open through the live call, but to ensure you are connected for the full call, we suggest registering in advance.

    Innventure will also post a slide presentation to accompany the prepared remarks to its investor relations website https://ir.innventure.com/ shortly before the of the start of the event.

    About Innventure

    Innventure founds, funds, and operates companies with a focus on transformative, sustainable technology solutions acquired or licensed from multinational corporations. As owner-operators, Innventure takes what it believes to be breakthrough technologies from early evaluation to scaled commercialization utilizing an approach designed to help mitigate risk as it builds disruptive companies it believes have the potential to achieve a target enterprise value of at least $1 billion. Innventure defines ‘‘disruptive’’ as innovations that have the ability to significantly change the way businesses, industries, markets and/or consumers operate.

    Non-GAAP Financial Measures

    We use certain financial measures that are not calculated in accordance with generally accepted accounting principles in the U.S. (GAAP) to supplement our consolidated financial statements. These non-GAAP financial measures provide additional information to investors to facilitate comparisons of past and present operating results, identify trends in our underlying operating performance, and offer greater transparency on how we evaluate our business activities. These measures are integral to our processes for budgeting, managing operations, making strategic decisions, and evaluating our performance.

    Our primary non-GAAP financial measures are EBITDA and Adjusted EBITDA. We define EBITDA as net income before interest, income taxes, and depreciation and amortization. Adjusted EBITDA is defined as EBITDA further adjusted to exclude certain non-cash items, non-recurring expenses, and other items that are not indicative of our core operating activities. These may include stock-based compensation, acquisition costs, and other financial items. We believe Adjusted EBITDA is valuable for investors and analysts as it provides additional insight into our operational performance, excluding the impacts of certain financing, investing, and other non-operational activities. This measure helps in comparing our current operating results with prior periods and with those of other companies in our industry. It is also used internally for allocating resources efficiently, assessing the economic outcomes of acquisitions and strategic decisions, and evaluating the performance of our management team.

    There are limitations to Adjusted EBITDA, including its exclusion of cash expenditures, future requirements for capital expenditures and contractual commitments, and changes in or cash requirements for working capital needs. Adjusted EBITDA also omits significant interest expenses and related cash requirements for interest and payments. While depreciation and amortization are non-cash charges, the associated assets will often need to be replaced in the future, and Adjusted EBITDA does not reflect the cash required for such replacements. Additionally, Adjusted EBITDA does not account for income or other taxes or necessary cash tax payments.

    Investors should use caution when comparing our non-GAAP measure to similar metrics used by other companies, as definitions can vary. Adjusted EBITDA should not be considered in isolation or as a substitute for GAAP financial measures.

    In presenting Adjusted EBITDA, we aim to provide investors with an additional tool for assessing the operational performance of our business. It serves as a useful complement to our GAAP results, offering a more comprehensive understanding of our financial health and operational efficiencies.

    Cautionary Statement Regarding Forward-Looking Statements

    Certain statements in this press release are “forward-looking statements” within the meaning of the federal securities laws, including Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements generally relate to future events or Innventure’s (the “Company’s”) future financial or operating performance, expectations regarding new contractual arrangements, anticipated product line expansions and product testing and market acceptance, and these statements may refer to projections and forecasts. Forward-looking statements are often identified by future or conditional words such as “plan,” “believe,” “expect,” “anticipate,” “intend,” “outlook,” “estimate,” “forecast,” “project,” “continue,” “could,” “may,” “might,” “possible,” “will,” “potential,” “predict,” “should,” “would” and other similar words and expressions (or the negative versions of such words or expressions), but the absence of these words does not mean that a statement is not forward-looking.

    The forward-looking statements are based on the current assumptions and expectations of future events that are inherently subject to uncertainties and changes in circumstances and their potential effects and speak only as of the date of this press release. There can be no assurance that future developments will be those that have been anticipated. These forward-looking statements involve a number of risks, uncertainties (some of which are beyond the control of the parties) or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements. These risks and uncertainties include, but are not limited to, those factors described in the Company’s public filings made with the Securities and Exchange Commission and the following: (a) the Company’s and its subsidiaries’ ability to execute on strategies and achieve future financial performance, including their respective future business plans, expansion and acquisition plans or objectives, prospective performance and opportunities and competitors, revenues, products and services, pricing, operating expenses, market trends, liquidity, cash flows and uses of cash, capital expenditures, and the Company’s and its subsidiaries’ ability to invest in growth initiatives; (b) the implementation, market acceptance and success of the Company’s and its subsidiaries’ business models and growth strategies; (c) the Company’s and its subsidiaries’ future capital requirements and sources and uses of cash; (d) the Company’s access to funds under the Standby Equity Purchase Agreement with YA II PN, Ltd. (“YA”) or the Securities Purchase Agreement and related convertible debentures with YA due to certain conditions, restrictions and limitations set forth therein; (e) certain restrictions and limitations set forth in the Company’s debt instruments, which may impair the Company’s financial and operating flexibility; (f) the Company and its subsidiaries ability to generate liquidity and maintain sufficient capital to operate as anticipated; (g) the Company’s and its subsidiaries’ ability to obtain funding for their operations and future growth and to continue as going concerns; (h) the risk that the technology solutions that the Company and its subsidiaries license or acquire from third parties or develop internally may not function as anticipated or provide the benefits anticipated; (i) developments and projections relating to the Company’s and its subsidiaries’ competitors and industry; (j) the ability of the Company and its subsidiaries to scale the operations of their businesses; (k) the ability of the Company and its subsidiaries to establish substantial commercial sales of their products; (l) the ability of the Company and its subsidiaries to compete against companies with greater capital and other resources or superior technology or products; (m) the Company and its subsidiaries’ ability to meet, and to continue to meet, applicable regulatory requirements for the use of their respective products and the numerous regulatory requirements generally applicable to their businesses; (m) the outcome of any legal proceedings against the Company or its subsidiaries; (o) the Company’s ability to find future opportunities to license or acquire breakthrough technology solutions from multinational corporations or other third parties (“Technology Solutions Provider”) and to satisfy the requirements imposed by or to avoid disagreements with its current and future Technology Solutions Providers; (p) the risk that the launch of new companies distracts the Company’s management from its other subsidiaries and their operations; (q) the risk that the Company may be deemed an investment company under the Investment Company Act, which would impose burdensome compliance requirements and restrictions on its activities; (r) the ability of the Company and its subsidiaries to sufficiently protect their intellectual property rights and to avoid or resolve in a timely and cost-effective manner any disputes that may arise relating to its use of the intellectual property of third parties; (s) the risk of a cyber-attack or a failure of the Company’s or its subsidiaries’ information technology and data security infrastructure; (t) geopolitical risk and changes in applicable laws or regulations; (u) potential adverse effects of other economic, business, and/or competitive factors; (v) operational risks related to the Company and its subsidiaries that have limited or no operating history; and (w) limited liquidity and trading of the Company’s securities.

    Except to the extent required by applicable law or regulation, the Company undertakes no obligation to update statements to reflect events or circumstances after the date of this press release or to reflect the occurrence of unanticipated events.

    Media Contact: Laurie Steinberg, Solebury Strategic Communications
    press@innventure.com

    Investor Relations Contact: Sloan Bohlen, Solebury Strategic Communications
    investorrelations@innventure.com

     
    Innventure, Inc. and Subsidiaries
    Consolidated Balance Sheets
    (in thousands, except share and per share amounts)
     
      Successor     Predecessor
      December 31, 2024     December 31, 2023
    Assets        
    Cash, cash equivalents and restricted cash $ 11,119       $ 2,575  
    Accounts receivable   283         —  
    Due from related parties   4,536         2,602  
    Inventories   5,178         —  
    Prepaid expenses and other current assets   3,170         487  
    Total Current Assets   24,286         5,664  
    Investments   28,734         14,167  
    Property, plant and equipment, net   1,414         637  
    Intangible assets, net   182,153         —  
    Goodwill   667,936         —  
    Other assets   766         1,096  
    Total Assets $ 905,289       $ 21,564  
    Liabilities and Stockholders’ Deficit        
    Accounts payable $ 3,248       $ 93  
    Accrued employee benefits   9,273         3,779  
    Accrued expenses   2,477         1,009  
    Related party payables   —         347  
    Related party notes payable – current   14,000         1,000  
    Notes payable – current   625         912  
    Patent installment payable – current   1,225         775  
    Obligation to issue equity   4,158         —  
    Warrant liability   34,023         —  
    Other current liabilities   318         253  
    Total Current Liabilities   69,347         8,168  
    Notes payable, net of current portion   13,654         999  
    Convertible promissory note, net   —         1,120  
    Convertible promissory note due to related party, net   —         3,381  
    Embedded derivative liability   —         1,994  
    Earnout liability   14,752         —  
    Stock-based compensation liability   1,160         —  
    Patent installment payable, net of current   12,375         13,075  
    Deferred income taxes   27,893         —  
    Other liabilities   355         683  
    Total Liabilities   139,536         29,420  
    Commitments and Contingencies (Note 19)        
    Mezzanine Capital        
    Redeemable Class I Units, no par value, 1,000,000 units authorized, issued and outstanding as of December 31, 2023   —         2,912  
    Redeemable Class PCTA Units, no par value, 3,982,675 units authorized, issued and outstanding as of December 31, 2023   —         7,718  
    Stockholders’ Equity / Unitholders’ Deficit        
    Class B Preferred Units, no par value, 4,639,557 units authorized, and 4,109,961 units issued and outstanding as of December 31, 2023   —         38,122  
    Class B-1 Preferred Units, no par value, 2,600,000 units authorized, and 342,608 units issued and outstanding as of December 31, 2023   —         3,323  
    Class A Units, no par value, 10,975,000 units authorized, and 10,875,000 units issued and outstanding as of December 31, 2023   —         1,950  
    Class C Units, no par value, 1,585,125 units authorized, and 1,570,125 units issued and outstanding as of December 31, 2023   —         844  
    Preferred Stock, $0.0001 par value, 25,000,000 shares authorized, and 1,102,000 shares issued and outstanding as of December 31, 2024   —         —  
    Common Stock, $0.0001 par value, 250,000,000 shares authorized, and 44,597,154 shares issued and outstanding as of December 31, 2024   4         —  
    Additional paid-in capital   502,865         —  
    Accumulated other comprehensive gain (loss)   909         —  
    Accumulated deficit   (78,802 )       (64,284 )
    Total Innventure, Inc., Stockholders’ Equity/ Innventure LLC Unitholders’ Deficit   424,976         (20,045 )
    Non-controlling interest   340,777         1,559  
    Total Stockholders’ Equity/ Unitholders’ Deficit   765,753         (18,486 )
    Total Liabilities, Mezzanine Capital and Equity $ 905,289       $ 21,564  

    See accompanying notes to consolidated financial statements.

     
    Innventure, Inc. and Subsidiaries

    Consolidated Statements of Operations and Comprehensive Income (Loss)

    (in thousands, except share and per share amounts)
     
      Successor     Predecessor
      October 2, 2024
    through
    December 31, 2024    		     January 1, 2024
    through
    October 1, 2024    		   Year ended
    December 31, 2023
    Revenue $ 456       $ 764     $ 1,117  
                 
    Operating Expenses            
    Cost of sales   3,752         777       —  
    General and administrative   29,652         26,608       17,589  
    Sales and marketing   2,009         4,178       3,205  
    Research and development   5,340         5,978       4,001  
    Total Operating Expenses   40,753         37,541       24,795  
                 
    Loss from Operations   (40,297 )       (36,777 )     (23,678 )
                 
    Non-operating (Expense) and Income            
    Interest expense, net   (1,132 )       (1,300 )     (1,224 )
    Net gain (loss) from investments   —         11,547       (6,448 )
    Net (loss) gain on investments – due to related parties   —         (468 )     232  
    Change in fair value of financial liabilities   (20,946 )       (478 )     766  
    Equity method investment (loss) income   (902 )       893       (632 )
    Loss on conversion of promissory notes   —         (1,119 )     —  
    Write-off of loan commitment fee asset   (10,041 )       —       —  
    Miscellaneous other expense   (57 )       (64 )     —  
    Total Non-operating (Expense) Income   (33,078 )       9,011       (7,306 )
    Loss before Income Taxes   (73,375 )       (27,766 )     (30,984 )
    Income tax expense (benefit)   (2,742 )       432       —  
    Net Loss   (70,633 )       (28,198 )     (30,984 )
    Less: net loss attributable to            
    Non-redeemable non-controlling interest   (8,339 )       (11,762 )     (139 )
    Net Loss Attributable to Innventure, Inc. Stockholders / Innventure LLC Unitholders   (62,294 )       (16,436 )     (30,845 )
                 
    Basic and diluted loss per share $ (1.42 )          
    Basic and diluted weighted average common shares   43,951,279            
                 
    Other comprehensive income, net of taxes:            
    Unrealized gain on available-for-sale debt securities – related party   909         62       —  
    Total other comprehensive loss, net of taxes   909         62       —  
                 
    Total comprehensive loss, net of taxes   (69,724 )       (28,136 )     (30,984 )
    Less: comprehensive income attributable to            
    Non-redeemable non-controlling interest   (8,339 )       (11,762 )     (139 )
    Net Comprehensive Loss Attributable to Innventure, Inc. Stockholders / Innventure LLC Unitholders $ (61,385 )     $ (16,374 )   $ (30,845 )
                 

    See accompanying notes to consolidated financial statements.

     
    Innventure, Inc. and Subsidiaries

    Consolidated Statements of Changes in Mezzanine Capital (Predecessor)

    (in thousands, except share and per share amounts)
     
      Class I Amount   Class PCTA Amount   Total
    December 31, 2022 $ 2,984     $ 12,882     $ 15,866  
    Proceeds from capital calls to unitholders   130       —       130  
    Accretion of redeemable units to redemption value   (202 )     (5,164 )     (5,366 )
    December 31, 2023   2,912       7,718       10,630  
    Accretion of redeemable units to redemption value   1,565       10,385       11,950  
    October 1, 2024 $ 4,477     $ 18,103     $ 22,580  
     

    See accompanying notes to consolidated financial statements.

     
    Innventure, Inc. and Subsidiaries

    Consolidated Statements of Changes in Stockholders’ Equity

    (in thousands, except share and per share amounts)
     
      Class B
    Preferred    		   Class B-1
    Preferred    		   Class A   Class C   Accumulated
    Deficit    		   Accumulated
    OCI    		   Non-Controlling Interest   Total Unitholders’ Deficit
    December 31, 2022 (Predecessor) $ 20,803     $ 3,323     $ 1,950     $ 639     $ (38,564 )   $ —     $ 656     $ (11,193 )
    Net loss   —       —       —       —       (30,845 )     —       (139 )     (30,984 )
    Non-controlling interest acquired   —       —       —       —       —       —       337       337  
    Issuance of units, net of issuance costs   17,319       —       —       —       —       —       —       17,319  
    Unit-based compensation   —       —       —       205       —       —       705       910  
    Distributions to unitholders   —       —       —       —       (241 )     —       —       (241 )
    Accretion of redeemable units to redemption value   —       —       —       —       5,366       —       —       5,366  
    December 31, 2023 (Predecessor)   38,122       3,323       1,950       844       (64,284 )     —       1,559       (18,486 )
    Net loss   —       —       —       —       (16,436 )     —       (11,762 )     (28,198 )
    Other comprehensive loss, net of taxes   —       —       —       —       —       62       —       62  
    Units issued to non-controlling interest   —       —       —       —       —       —       13,921       13,921  
    Issuance of units, net of issuance costs   13,561       —       —       —       —       —       —       13,561  
    Unit-based compensation   —       —       —       137       —       —       919       1,056  
    Issuance of units to non-controlling interest in exchange of convertible promissory notes   —       —       —       —       —       —       8,443       8,443  
    Accretion of redeemable units to redemption value   —       —       —       —       (11,950 )     —       —       (11,950 )
    October 1, 2024 (Predecessor) $ 51,683     $ 3,323     $ 1,950     $ 981     $ (92,670 )   $ 62     $ 13,080     $ (21,591 )
     

    See accompanying notes to consolidated financial statements.

     
    Innventure, Inc. and Subsidiaries

    Consolidated Statements of Changes in Stockholders’ Equity

    (in thousands, except share and per share amounts)
     
      Series B Preferred Stock   Common Stock                    
      Shares    Amount    Shares   Amount   Additional Paid-In Capital   Accumulated
    Deficit    		   Accumulated
    OCI    		   Non-Controlling Interest   Total Stockholders’ Equity
    October 2, 2024 (Successor) —     $ —       —   $ —     $ 11,342     $ (15,845 )   $ —     $ —     $ (4,503 )
    Effect of acquisition of Innventure LLC —       —       43,589,850     4       461,064       —       —       343,030       804,098  
    Reclassification of warrants from liability to equity —       —       —     —       1,265       —       —       —       1,265  
    Issuance of common shares, net of issuance costs —       —       160,000     —       2,083       —       —       —       2,083  
    Issuance of preferred shares, net of issuance costs 1,102,000       —       —     —       9,965       —       —       —       9,965  
    Issuance of common shares from warrant exercises —       —       259,309     —       2,982       —       —       —       2,982  
    Net loss —       —       —     —       —       (62,294 )     —       (8,339 )     (70,633 )
    Other comprehensive gain, net of taxes —       —       —     —       —       —       909       —       909  
    Non-controlling interest acquired —       —       —     —       —       —       —       4,129       4,129  
    Distributions to Stockholders —       —       —     —       —       (663 )     —       —       (663 )
    Vesting of contingent at risk sponsor shares —       —       587,995     —       —       —       —       —       —  
    Stock-based compensation —       —       —     —       14,381       —       —       1,957       16,338  
    Accrued preferred dividends —       —       —     —       (217 )     —       —       —       (217 )
    December 31, 2024 (Successor) 1,102,000     $ —       44,597,154   $ 4     $ 502,865     $ (78,802 )   $ 909     $ 340,777     $ 765,753  
     

    See accompanying notes to consolidated financial statements.

     
    Innventure, Inc. and Subsidiaries

    Consolidated Statements of Cash Flows

    (in thousands, except share and per share amounts)
     
      Successor     Predecessor
      October 2, 2024
    through
    December 31, 2024    		     January 1, 2024
    through
    October 1, 2024    		   Year ended
    December 31, 2023
    Cash Flows Used in Operating Activities            
    Net loss $ (70,633 )     $ (28,198 )   $ (30,984 )
    Adjustments to reconcile net loss to net cash and cash equivalents used in operating activities:            
    Stock-based compensation   16,338         1,056       910  
    Interest income on debt securities – related party   (106 )       (110 )     —  
    Change in fair value of financial liabilities   20,946         478       (766 )
    Change in fair value of payables due to related parties   —         468       (232 )
    Write-off of loan commitment fee asset   10,041         —       —  
    Non-cash interest expense on notes payable   248         351       487  
    Net (gain) loss on investments   —         (11,547 )     6,448  
    Equity method investment gain (loss)   902         (893 )     632  
    Loss on conversion of promissory notes   —         1,119       —  
    Deferred income taxes   (2,760 )       432       —  
    Depreciation and amortization   5,455         146       8  
    Payment of patent installment   —         (250 )     —  
    Non-cash rent costs   63         185       192  
    Accrued unpaid interest on note payable   69         930       —  
    Changes in operating assets and liabilities:            
    Accounts receivable   (166 )       (117 )     —  
    Prepaid expenses and other current assets   (1,301 )       (1,353 )     (218 )
    Inventory   (2,354 )       (2,824 )     —  
    Accounts payable   (11,211 )       6,013       9  
    Accrued employee benefits   1,656         3,838       3,181  
    Accrued expenses   (484 )       674       1,230  
    Stock-based compensation liability   1,160         —       —  
    Other current liabilities   (77 )       (146 )     (155 )
    Obligation to issue equity   3,000         10,920       —  
    Other assets   —         (20 )     (218 )
    Net Cash Used in Operating Activities   (29,214 )       (18,848 )     (19,476 )
                 
    Cash Flows Provided by (Used in) Investing Activities            
    Purchase of shares in equity method investee   —         —       (2,000 )
    Contributions to equity method investee   —         —       (130 )
    Investment in debt securities – equity method investee   —         (7,400 )     (2,600 )
    Advances to equity method investee   (4,240 )       (135 )     —  
    Acquisition of property, plant and equipment   (266 )       (736 )     (645 )
    Acquisition of intangible assets   (30 )       —       —  
    Acquisition of net assets, net of cash acquired, through business combination   16         —       —  
    Proceeds from sale of investments   —         2,314       708  
    Cash withdrawn from trust as a result of business combination   11,342         —       —  
    Net Cash Provided by (Used in) Investing Activities   6,822         (5,957 )     (4,667 )
                 
    Cash Flows Provided by Financing Activities            
    Proceeds from issuance of equity, net of issuance costs   15,383         13,122       16,009  
    Proceeds from the issuance of equity to non-controlling interest, net of issuance costs   4,169         13,859       337  
    Proceeds from the issuance of convertible promissory note   —         —       2,000  
    Proceeds from issuance of debt securities, net of issuance costs   19,455         —       —  
    Payment of debts   (250 )       (540 )     (65 )
    Receipt of Capital from Class I Unitholder   —         —       130  
    Distributions to Stockholders   (663 )       —       (241 )
    Proceeds from the issuance of promissory notes to related parties   —         12,000       1,004  
    Repayment of promissory note   (4,628 )       —       —  
    Cash Flows Provided by Financing Activities   33,466         38,441       19,174  
                 
    Net Increase (Decrease) in Cash, Cash Equivalents and Restricted Cash   11,074         13,636       (4,969 )
    Cash, Cash Equivalents and Restricted Cash Beginning of period   45         2,575       7,544  
    Cash, Cash Equivalents and Restricted Cash End of period $ 11,119       $ 16,211     $ 2,575  
                 

    See accompanying notes to consolidated financial statements.

      Successor     Predecessor
      October 2, 2024
    through
    December 31, 2024    		     January 1, 2024
    through
    October 1, 2024    		   Year ended
    December 31, 2023
    Supplemental Cash Flow Information            
    Cash paid for interest $ 991       $ 1,070     $ 297  
    Supplemental Disclosure of Noncash Financing Information            
    Accretion of redeemable units to redemption value   —         11,950       5,366  
    Debt discount and embedded derivative upon issuance   —         —       1,119  
    Issuance of units to non-controlling interest in exchange of convertible promissory notes   —         7,324       —  
    Conversion of working capital loans to equity method investees into investments in debt securities – related party   —         2,600       —  
    Transfer of liability warrants to equity warrants in the Business Combination   1,265         —       —  
    Initial recognition of loan commitment fee   16,190         —       —  
    Transfer of loan commitment fee asset   6,694         —       —  
     

    See accompanying notes to consolidated financial statements.

     
    Innventure, Inc. and Subsidiaries

    Non-GAAP Financial Measures

    (in thousands, except share and per share amounts)
     
      Successor   Predecessor   S/P Combined (Non-GAAP)   Predecessor
      Period from October 2, 2024 through December 31, 2024   Period from January 1, 2024 through October 1, 2024   Year ended
    December 31, 2024    		   Year ended
    December 31, 2023
    Net Loss (70,633 )     (28,198 )     (98,831 )     (30,984 )
    Interest expense, net(1) 11,173       1,300       12,473       1,224  
    Depreciation and amortization expense 5,455       146       5,601       8  
    Provision for income taxes 2,742       (432 )     2,310       —  
    EBITDA (51,263 )     (27,184 )     (78,447 )     (29,752 )
    Transaction and other related costs(2) 2,309       9,414       11,723       3,452  
    Change in fair value of financial liabilities(3) 20,946       478       21,424       (766 )
    Stock based compensation(4) 16,338       1,056       17,394       910  
    Adjusted EBITDA (11,670 )     (16,236 )     (27,906 )     (26,156 )
     

    (1) Interest expense, net – For the combined twelve months ended December 31, 2024, interest expense, net includes interest incurred on our various borrowing facilities and the amortization of debt issuance costs. Additional debt issuance cost associated with a loan commitment fee asset in the amount of $10,041 was written off in combined twelve months ended December 31, 2024 and has also been included in this adjustment. This amount is representative of the asset associated with the second and third tranches of the WTI facility. When it became known that we would not be able to draw on these subsequent tranches based on certain metrics contained within the WTI Facility agreement, we immediately wrote this asset off. For the Predecessor year ended December 31, 2023, this balance is comprised entirely of interest incurred on our various borrowing facilities.
    (2) Transaction and other related costs – For the combined twelve months ended December 31, 2024 and for the Predecessor year ended December 31, 2023 this is comprised entirely of consulting, legal, and other professional fees related to the business combination with Learn CW Investment Corporation (the “Business Combination”).
    (3) Change in fair value of financial liabilities – For the combined twelve months ended December 31, 2024 the change in fair value of financial liabilities primarily consists of the change in fair value of the warrant liability, change in fair value of the earnout liability, and the change in the fair value of the embedded derivative associated with convertible notes prior to extinguishment. For the Predecessor year ended December 31, 2023, this is comprised entirely of the change in fair value of the embedded derivative associated with the convertible notes.
    (4) Stock based compensation – For the combined twelve months ended December 31, 2024 stock based compensation primarily consisted of awards in the 2024 Equity and Incentive Plan entered into on October 2, 2024 subsequent to the Business Combination. These awards consisted of Stock Options, Restricted Stock Units, and Stock Appreciation Rights. Further, a portion of this expense was related to share based payment employee incentive plans in existence at Innventure LLC and other subsidiaries. For the Predecessor year ended December 31, 2023, stock based compensation was comprised wholly of share based payment employee incentive plans in existence at Innventure LLC and other subsidiaries.

    The MIL Network –

  • MIL-OSI: mcl finance and Shawbrook Bank partnership renewed and increased by 50%

    Source: GlobeNewswire (MIL-OSI)

    LONDON, April 11, 2025 (GLOBE NEWSWIRE) — mcl finance has announced the renewal and expansion of its partnership with Shawbrook.

    Shawbrook Bank, a UK-based specialist lender and savings provider, has renewed its senior debt facility with mcl finance. This renewal builds on a partnership that, since December 2022, has provided access to credit for over 1,000 UK SMEs.

    mcl finance was founded by CEO Dovi David in 2019 and has successfully scaled, with the business consistently doubling in size year on year, due to its investment in proprietary tech, credit risk profiling and product development. The growth trajectory involves increased deal flow, international expansion, and continuous product innovation — all supported by the facility’s expansion.

    As a testament to the strong underlying performance of the book and the ongoing success of the relationship, the renewal sees increases in the advance rate, borrowing base and overall facility size.

    Liam McGall, Associate Director of Speciality Finance at Shawbrook, said: “mcl provide fast and flexible finance options for the underserved SME market and continue to go from strength to strength in this market. The growth demonstrated since our relationship commenced in 2022 in all aspects is a key driver for our continued support.

    “At Shawbrook, we pride ourselves on supporting existing businesses to reach their growth potential by constantly improving our funding lines, with this increase to mcl an example. We are excited to watch their continued success.”

    Joseph Tucker, CFO at mcl finance, said: “We are committed to supporting the SME sector by making access to finance faster and smoother. The expansion of the funding line with Shawbrook will allow us to do exactly that, as we continue to innovate and find smarter ways to provide working capital to businesses. We value our relationship with the Shawbrook team and appreciate their continued support and belief in our vision as we go to market with a shared growth ambition.”

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/96ef31eb-0102-4091-9af7-48ff2877fe3f

    The MIL Network –

  • MIL-OSI: Ring Energy Provides Board of Directors Update

    Source: GlobeNewswire (MIL-OSI)

    THE WOODLANDS, Texas, April 11, 2025 (GLOBE NEWSWIRE) — Ring Energy, Inc. (NYSE American: REI) (“Ring” or the “Company”) today provided an update concerning its Board of Directors (the “Board”), including the retirement of Ms. Regina Roesener effective April 14, 2025 and the appointment of Ms. Carla Tharp to the Board effective April 14, 2025 who will serve as an independent Director.

    Mr. Paul D. McKinney, Chairman of the Board and Chief Executive Officer, commented, “It has been a pleasure to work closely with Regina as a fellow Director. She joined our Board in 2019 and her financial markets and board governance experience was greatly valued. On behalf of the entire Board, I want to thank Regina for the strong strategic guidance and oversight she consistently provided in support of Ring’s stockholders, and we wish her all the best in retirement.”

    About Ms. Carla Tharp

    Ms. Tharp is the CEO of Apoyar Energy, an upstream oil and gas exploration and production company focused on international assets. She most recently served as President of C.T. Tharp & Co., an independent consulting firm concentrating on global acquisitions and divestitures. Ms. Tharp served in multiple key positions at APA Corporation (formerly Apache Corporation) from 2020 through 2023 leading multi-disciplinary teams, including as Vice President of New Business & Commercial, Vice President of Corporate Development, and Vice President of Reserves. Prior to Apache, she served as Managing Director of Energy Investment Banking at Raymond James Financial, Inc., as well as Director of Acquisitions and Divestitures at Citigroup Inc. and Lantana Energy Advisors. Ms. Tharp graduated from Texas A&M University with a Bachelor of Science in Petroleum Engineering before working as a reservoir engineer in transactions and reserves reporting, senior and mezzanine debt finance and in a private equity portfolio company. She is a licensed professional engineer in Texas and has held Series 79 and 63 FINRA licenses.

    Mr. McKinney concluded, “We look forward to Carla’s contributions to the Board as she brings an extensive and impressive technical and financial background in the upstream oil and gas business that complements the skills and expertise of our other Directors. Her proven multi-decade track record of sourcing, evaluating, and executing significant organic and external value-enhancing opportunities will prove invaluable as Ring continues to execute its proven strategy designed to further position the Company for long-term success.”

    ABOUT RING ENERGY, INC.

    Ring Energy, Inc. is an oil and gas exploration, development, and production company with current operations focused on the development of its Permian Basin assets. For additional information, please visit www.ringenergy.com.

    SAFE HARBOR STATEMENT

    This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements involve a wide variety of risks and uncertainties, and include, without limitation, statements with respect to the Company’s strategy and prospects, regarding the composition of the Company’s board of directors, and the expectation that Ms. Tharp will help Ring execute its strategy designed to further position the Company for long-term success. The forward-looking statements include the Company’s ability execute its proven strategy designed to further position the Company for long-term success. Forward-looking statements are based on current expectations and subject to numerous assumptions and analyses made by Ring and its management considering their experience and perception of historical trends, current conditions and expected future developments, as well as other factors appropriate under the circumstances. However, whether actual results and developments will conform to expectations is subject to a number of material risks and uncertainties. Such statements are subject to certain risks and uncertainties which are disclosed in the Company’s reports filed with the Securities and Exchange Commission (“SEC”), including its Form 10-K for the fiscal year ended December 31, 2024, and its other SEC filings. Ring undertakes no obligation to revise or update publicly any forward-looking statements, except as required by law.

    CONTACT INFORMATION

    Al Petrie Advisors
    Al Petrie, Senior Partner
    Phone: 281-975-2146
    Email: apetrie@ringenergy.com

    The MIL Network –

  • MIL-OSI: Form 8.3 – [ADVANCED MEDICAL SOLUTIONS GROUP PLC – 10 04 2025] – (CGWL)

    Source: GlobeNewswire (MIL-OSI)

    FORM 8.3

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

    1.        KEY INFORMATION

    (a)   Full name of discloser: CANACCORD GENUITY WEALTH LIMITED (for Discretionary clients)
    (b)   Owner or controller of interests and short positions disclosed, if different from 1(a):
            The naming of nominee or vehicle companies is insufficient. For a trust, the trustee(s), settlor and beneficiaries must be named.    		 N/A
    (c)   Name of offeror/offeree in relation to whose relevant securities this form relates:
            Use a separate form for each offeror/offeree    		 ADVANCED MEDICAL SOLUTIONS GROUP PLC
    (d)   If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree: N/A
    (e)   Date position held/dealing undertaken:
            For an opening position disclosure, state the latest practicable date prior to the disclosure    		 10 APRIL 2025
    (f)   In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer?
            If it is a cash offer or possible cash offer, state “N/A”    		 N/A

    2.        POSITIONS OF THE PERSON MAKING THE DISCLOSURE

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

    (a)      Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates following the dealing (if any)

    Class of relevant security: 5p ORDINARY
      Interests Short positions
    Number % Number %
    (1)   Relevant securities owned and/or controlled: 11,878,976 5.4483    
    (2)   Cash-settled derivatives:        
    (3)   Stock-settled derivatives (including options) and agreements to purchase/sell:        
    TOTAL: 11,878,976 5.4483    

    All interests and all short positions should be disclosed.

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

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

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

    3.        DEALINGS (IF ANY) BY THE PERSON MAKING THE DISCLOSURE

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

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

    (a)        Purchases and sales

    Class of relevant security Purchase/sale Number of securities Price per unit
    5p ORDINARY SALE 4,222 192.8p
    5p ORDINARY SALE 150 193p
    5p ORDINARY SALE 1,000 193.2p
    5p ORDINARY SALE 728 193.4p
    5p ORDINARY SALE 2,830 198.8789p
    5p ORDINARY PURCHASE 5,087 193.8p
    5p ORDINARY PURCHASE 4,913 194.8p
    5p ORDINARY PURCHASE 10,000 195p
    5p ORDINARY PURCHASE 2,500 196p
    5p ORDINARY PURCHASE 2,500 198p

    (b)        Cash-settled derivative transactions

    Class of relevant security Product description
    e.g. CFD    		 Nature of dealing
    e.g. opening/closing a long/short position, increasing/reducing a long/short position    		 Number of reference securities Price per unit
    NONE        

    (c)        Stock-settled derivative transactions (including options)

    (i)        Writing, selling, purchasing or varying

    Class of relevant security Product description e.g. call option Writing, purchasing, selling, varying etc. Number of securities to which option relates Exercise price per unit Type
    e.g. American, European etc.    		 Expiry date Option money paid/ received per unit
    NONE              

    (ii)        Exercise

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

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

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

    4.        OTHER INFORMATION

    (a)        Indemnity and other dealing arrangements

    Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the person making the disclosure and any party to the offer or any person acting in concert with a party to the offer:
    Irrevocable commitments and letters of intent should not be included. If there are no such agreements, arrangements or understandings, state “none”

    NONE

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

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

    NONE

    (c)        Attachments

    Is a Supplemental Form 8 (Open Positions) attached? NO
    Date of disclosure: 11 APRIL 2025
    Contact name: MARK ELLIOTT
    Telephone number: 01253 376539

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

    The Panel’s Market Surveillance Unit is available for consultation in relation to the Code’s disclosure requirements on +44 (0)20 7638 0129.

    The Code can be viewed on the Panel’s website at www.thetakeoverpanel.org.uk.

    The MIL Network –

  • MIL-OSI: Bilibili Inc. to Hold Annual General Meeting on June 20, 2025

    Source: GlobeNewswire (MIL-OSI)

    SHANGHAI, April 11, 2025 (GLOBE NEWSWIRE) — Bilibili Inc. (“Bilibili” or the “Company”) (NASDAQ: BILI and HKEX: 9626), an iconic brand and a leading video community for young generations in China, today published a circular (the “AGM Circular”) to provide shareholders with information on the proposals that will be put forward at the Company’s annual general meeting of the shareholders (the “AGM”) for shareholders’ approval and a notice of the AGM (the “AGM Notice”). The AGM will be held at Building 3, Guozheng Center, No. 485 Zhengli Road, Yangpu District, Shanghai, People’s Republic of China on June 20, 2025 at 4:30 p.m. (Hong Kong time), to consider and vote on the resolutions set forth in the AGM Notice. The AGM Circular, AGM Notice and form of proxy for the AGM are available on the Company’s investor relations website at http://ir.bilibili.com.

    Holders of record of ordinary shares of the Company at the close of business on May 13, 2025, Hong Kong time, are entitled to attend and vote at the AGM and any adjourned meeting thereof. Holders of the Company’s American depositary shares as of the close of business on May 13, 2025, New York time, who wish to exercise their voting rights for the underlying Class Z ordinary shares of the Company must act through the depositary of the Company’s American depositary share program, Deutsche Bank Trust Company Americas.

    Bilibili has filed its annual report on Form 20-F, including its audited financial statements, for the fiscal year ended December 31, 2024, with the U.S. Securities and Exchange Commission. Bilibili’s Form 20-F can be accessed on the Company’s investor relations website at http://ir.bilibili.com and on the SEC’s website at http://www.sec.gov.

    About Bilibili Inc.

    Bilibili is an iconic brand and a leading video community with a mission to enrich the everyday lives of young generations in China. Bilibili offers a wide array of video-based content with All the Videos You Like as its value proposition. Bilibili builds its community around aspiring users, high-quality content, talented content creators and the strong emotional bonds among them. Bilibili pioneered the “bullet chatting” feature, a live comment function that has transformed our users’ viewing experience by displaying the thoughts and feelings of audience members viewing the same video. The Company has now become the welcoming home of diverse interests among young generations in China and the frontier for promoting Chinese culture across the world.

    For more information, please visit: http://ir.bilibili.com.

    Safe Harbor Statement

    This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “aims,” “future,” “intends,” “plans,” “believes,” “estimates,” “confident,” “potential,” “continue,” or other similar expressions. Statements that are not historical facts, including but not limited to statements about Bilibili’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to those included in the Company’s filings with the U.S. Securities and Exchange Commission and The Stock Exchange of Hong Kong Limited. All information provided in this announcement and in the attachments is as of the date of this announcement, and the Company undertakes no duty to update such information, except as required under applicable law.

    For investor and media inquiries, please contact:

    In China:

    Bilibili Inc.
    Juliet Yang
    Tel: +86-21-2509-9255 Ext. 8523
    E-mail: ir@bilibili.com

    Piacente Financial Communications
    Helen Wu
    Tel: +86-10-6508-0677
    E-mail: bilibili@tpg-ir.com 

    In the United States:

    Piacente Financial Communications
    Brandi Piacente
    Tel: +1-212-481-2050
    E-mail: bilibili@tpg-ir.com

    The MIL Network –

  • MIL-OSI: Correction: HSBC Bank Plc – Form 8.5 (EPT/RI) – Advanced Medical Solutions Group plc

    Source: GlobeNewswire (MIL-OSI)

    Amendment
    FORM 8.5 (EPT/RI)

    PUBLIC DEALING DISCLOSURE BY AN EXEMPT PRINCIPAL TRADER WITH RECOGNISED INTERMEDIARY STATUS DEALING IN A CLIENT-SERVING CAPACITY

                                       Rule 8.5 of the Takeover Code (the “Code”)                                                                    

    1.         KEY INFORMATION

    (a) Name of exempt principal trader: HSBC Bank Plc
    (b) Name of offeror/offeree in relation to whose relevant securities this form relates:
         Use a separate form for each offeror/offeree    		 Advanced Medical Solutions Group plc
    (c) Name of the party to the offer with which exempt principal trader is connected: OFFEREE: Advanced Medical Solutions Group plc
    (d) Date dealing undertaken: 09 April 2025
    (e) In addition to the company in 1(b) above, is the exempt principal trader making disclosures in respect of any other party to this offer?
         If it is a cash offer or possible cash offer, state “N/A”    		 N/A      

    2.         DEALINGS BY THE EXEMPT PRINCIPAL TRADER

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

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

    (a)        Purchases and sales

    Class of relevant security Purchases/ sales

     

    		 Total number of securities Highest price per unit paid/received
    (GBP)    		 Lowest price per unit paid/received
    (GBP)
    Ordinary Shares Purchase 2,008 186.888 p 180.600 p
    Ordinary Shares Sale 167,008 186.888 p 178.000 p

    (b)        Cash-settled derivative transactions

    Class of relevant security Product description Nature of dealing Number of reference securities Price per unit (GBP)
    e.g. CFD e.g. opening/closing a long/short position, increasing/reducing a long/short position
    Ordinary Shares Swap Reducing a Short Position 39,000 178.000 p
    Ordinary Shares Swap Reducing a Short Position 126,000 179.000 p

    (c)        Stock-settled derivative transactions (including options)

    (i)         Writing, selling, purchasing or varying

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

    (ii)        Exercise

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

     

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

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

     

    		    

    3.         OTHER INFORMATION

    (a)        Indemnity and other dealing arrangements

    Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the exempt principal trader making the disclosure and any party to the offer or any person acting in concert with a party to the offer:
    Irrevocable commitments and letters of intent should not be included.  If there are no such agreements, arrangements or understandings, state “none”
     

    None

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

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

    None
    Date of disclosure: 11 April 2025
    Contact name: Dhruti Singh
    Telephone number: 0207 088 2000

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

    The Panel’s Market Surveillance Unit is available for consultation in relation to the Code’s dealing disclosure requirements on +44 (0)20 7638 0129.

    The Code can be viewed on the Panel’s website at www.thetakeoverpanel.org.uk.

    The MIL Network –

  • MIL-OSI: Unity Bancorp Reports Quarterly Earnings of $11.6 Million

    Source: GlobeNewswire (MIL-OSI)

    CLINTON, N.J., April 11, 2025 (GLOBE NEWSWIRE) — Unity Bancorp, Inc. (NASDAQ: UNTY), parent company of Unity Bank, reported net income of $11.6 million, or $1.13 per diluted share, for the quarter ended March 31, 2025, compared to net income of $11.5 million, or $1.13 per diluted share for the quarter ended December 31, 2024. This represents a 0.8% increase in net income.

    James A. Hughes, President and CEO, commented on the financial results: “We are pleased to announce another strong quarter for Unity Bancorp, Inc. We earned $11.6 million in net income, or $1.13 per diluted share, representing 1.83% ROA and 15.56% ROE.

    Our Commercial and Residential lending had strong originations, growing loans by $84.5 million in the first quarter, a 3.74% increase from year-end. Our Retail division also demonstrated their deposit gathering capabilities, with customer deposits (ex-brokered deposits) increasing by $90.7 million, or 4.82%, quarter over quarter. We will continue to diligently manage our balance sheet, and aim to fund future credit growth by growing deposits in tandem. Furthermore, we will continue to maintain disciplined credit-risk management, by underwriting credits to conservative loan-to-value and debt-service-coverage levels, as well as swiftly addressing delinquency and non-performing asset scenarios as they arise.

    Despite the recent volatility seen in the capital markets primarily due to the implementation of tariffs, as a community bank we do not see any adverse impacts on prospective loan demand. A portion of our small business customers are poised to benefit from tariffs on foreign goods. Further, to the extent that our customers are negatively impacted, we are on standby and will remain a trusted advisor to help them navigate any potential difficulties. Our balance sheet growth highlights Unity’s commitment to providing financial services that support economic development in our local communities. Our motto “Growing With You” has never been more relevant. The relentless dedication of our employees to delivering best-in-class customer service has driven these impressive financial results.”

    For the full version of the Company’s quarterly earnings release, including financial tables, please visit News – Unity Bank (q4ir.com).

    Unity Bancorp, Inc. is a financial services organization headquartered in Clinton, New Jersey, with approximately $2.8 billion in assets and $2.2 billion in deposits. Unity Bank, the Company’s wholly owned subsidiary, provides financial services to retail, corporate and small business customers through its robust branch network located in Bergen, Hunterdon, Middlesex, Morris, Ocean, Somerset, Union, and Warren Counties in New Jersey and Northampton County in Pennsylvania. For additional information about Unity, visit our website at www.unitybank.com, or call 800-618-BANK.

    This news release contains certain forward-looking statements, either expressed or implied, which are provided to assist the reader in understanding anticipated future financial performance. These statements may be identified by use of the words “believe”, “expect”, “intend”, “anticipate”, “estimate”, “project” or similar expressions. These statements involve certain risks, uncertainties, estimates and assumptions made by management, which are subject to factors beyond the Company’s control that could impede its ability to achieve these goals. These factors include those items included in our Annual Report on Form 10-K under the heading “Item IA-Risk Factors” as amended or supplemented by our subsequent filings with the SEC, as well as general economic conditions, trends in interest rates, the ability of our borrowers to repay their loans, our ability to manage and reduce the level of our nonperforming assets, results of regulatory exams, and the impact of any health crisis or national disasters on the Bank, its employees and customers, among other factors.

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

    News Media & Financial Analyst Contact:
    George Boyan, EVP and CFO
    (908) 713-4565

    PDF available: http://ml.globenewswire.com/Resource/Download/fe9c7f9d-e20c-4e4d-a2aa-71f584057b57

    The MIL Network –

  • MIL-OSI: CIB Marine Bancshares, Inc. Announces First Quarter 2025 Results

    Source: GlobeNewswire (MIL-OSI)

    BROOKFIELD, Wis., April 11, 2025 (GLOBE NEWSWIRE) — CIB Marine Bancshares, Inc. (the “Company” or “CIB Marine”) (OTCQX: CIBH), the holding company of CIBM Bank (the “Bank”), announced its unaudited results of operations and financial condition for the quarter and three months ended March 31, 2025. Net income of $0.3 million for the first quarter of 2025, or $0.24 basic and $0.23 diluted net income per share, compares to $0.2 million during the same quarter of 2024, or $0.13 basic and $0.10 diluted net income per share.

    Financial highlights for the quarter include:

    • Net interest margin increased to 2.62% compared to 2.44% for the fourth quarter of 2024 and 2.29% for the first quarter of 2024. The rising trend continues as the cost of funds reprices lower relative to the changes in yields on earning assets. Net interest income rose $0.3 million compared to the same quarter of 2024, primarily due to declining cost of funds and improved net interest margin.
    • Although quarter-end loan balances declined $12 million compared to December 31, 2024, the allowance for credit losses to loans rose from 1.26% to 1.29%, primarily due to a deterioration in forecasted short-term economic outcomes. Non-performing assets to total assets of 0.67% and non-accrual loans to loans of 0.84% on March 31, 2025, compares to 0.68% and 0.81%, respectively, on December 31, 2024. In 2024, the Bank maintained lower loan balances to support the preferred stock redemption and ensure appropriate capital ratios. Looking ahead, an increase in the loan portfolio is expected over the remainder of the year, primarily driven by growth in the commercial segments.
    • The Banking Division’s $0.8 million of net income for the quarter was unchanged from the same period the prior year. Due to seasonal factors and high interest rates, the Mortgage Division experienced a slow first quarter, resulting in a net loss of $0.2 million, which is an improvement of $0.2 million compared to the same period in 2024 due to cost-saving actions implemented earlier. The net remaining Other Division, comprised primarily of parent company operations, had a net loss of $0.3 million with roughly one-third of that amount attributed to subordinated debt interest expense. Although the parent company has a $2 million line of credit, no draws have been made on that potential funding source to date.

    Mr. J. Brian Chaffin, CIB Marine’s President and CEO, commented, “Our banking operations have gained momentum, with our strong corporate banking group rebuilding the commercial loan pipeline and our net interest margin trending higher due to management’s diligent efforts to lower our cost of funds. Despite an improvement of $0.2 million from the first quarter of the previous year, the Mortgage Division reported a loss due to the challenging business environment for residential mortgages. We anticipate a decline in overall mortgage production for the remainder of the year compared to the previous year, primarily due to lender staff reductions, but remain confident in the capabilities of our current lending team to deliver solid mortgage production.”

    He added, “In February, we announced the launch of our 2025 common stock repurchase program, which is expected to buy back up to $1 million worth of shares through the end of the year. During the first quarter of 2025, we spent $235,000 in open market transactions to buy 7,429 shares at an average price of $31.65 per share. This price was significantly lower than the tangible book value of $57.37 per share as of December 31, 2024, and the repurchases contributed to an increase in the tangible book value to $58.46 per share by March 31, 2025.”

    As the Company prepares for its upcoming annual meeting, he concluded, “We look forward to discussing key topics related to our operating results and capital plans at the Annual Shareholder Meeting on Thursday, April 24th, 2025. Shareholders are encouraged to visit our website for more information about the virtual meeting and to review the meeting materials.”

    CIB Marine Bancshares, Inc. is the holding company for CIBM Bank, which operates nine banking offices in Illinois, Wisconsin, and Indiana, and has mortgage loan officers and/or offices in six states. More information on the Company is available at www.cibmarine.com, including recent shareholder letters, links to regulatory financial reports, and audited financial statements.

    FORWARD-LOOKING STATEMENTS
    CIB Marine has made statements in this release that may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. CIB Marine intends these forward-looking statements to be subject to the safe harbor created thereby and is including this statement to avail itself of the safe harbor. Forward-looking statements are identified generally by statements containing words and phrases such as “may,” “project,” “are confident,” “should be,” “intend,” “predict,” “believe,” “plan,” “expect,” “estimate,” “anticipate” and similar expressions. These forward-looking statements reflect CIB Marine’s current views with respect to future events and financial performance that are subject to many uncertainties and factors relating to CIB Marine’s operations and the business environment, which could change at any time.

    There are inherent difficulties in predicting factors that may affect the accuracy of forward-looking statements.

    Stockholders should note that many factors, some of which are discussed elsewhere in this Earnings Release and in the documents that are incorporated by reference, could affect the future financial results of CIB Marine and could cause those results to differ materially from those expressed in forward-looking statements contained or incorporated by reference in this document. These factors, many of which are beyond CIB Marine’s control, include but are not limited to:

    • operating, legal, execution, credit, market, security (including cyber), and regulatory risks;
    • economic, political, and competitive forces affecting CIB Marine’s banking business;
    • the impact on net interest income and securities values from changes in monetary policy and general economic and political conditions; and
    • the risk that CIB Marine’s analyses of these risks and forces could be incorrect and/or that the strategies developed to address them could be unsuccessful.

    These factors should be considered in evaluating the forward-looking statements, and undue reliance should not be placed on such statements. Forward-looking statements speak only as of the date they are made. CIB Marine undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. Forward-looking statements are subject to significant risks and uncertainties and CIB Marine’s actual results may differ materially from the results discussed in forward-looking statements.

    FOR INFORMATION CONTACT:
    J. Brian Chaffin, President & CEO
    (217) 355-0900
    brian.chaffin@cibmbank.com

     
    CIB MARINE BANCSHARES, INC.
    Selected Unaudited Consolidated Financial Data
                     
      At or for the
      Quarters Ended   3 Months Ended
      March 31, December 31, September 30, June 30, March 31,   March 31, March 31,
      2025 2024 2024 2024 2024   2025 2024
      (Dollars in thousands, except share and per share data)
    Selected Statement of Operations Data:                
    Interest and dividend income $ 10,941   $ 11,408   $ 12,283   $ 12,052   $ 11,801     $ 10,941   $ 11,801  
    Interest expense   5,652     6,259     6,707     6,897     6,840       5,652     6,840  
    Net interest income   5,289     5,149     5,576     5,155     4,961       5,289     4,961  
    Provision for (reversal of) credit losses   42     (332 )   (113 )   10     (28 )     42     (28 )
    Net interest income after provision for                
    (reversal of) credit losses   5,247     5,481     5,689     5,145     4,989       5,247     4,989  
    Noninterest income (1)   1,552     1,724     2,897     6,904     1,627       1,552     1,627  
    Noninterest expense   6,373     6,678     7,163     6,904     6,421       6,373     6,421  
    Income before income taxes   426     527     1,423     5,145     195       426     195  
    Income tax expense   105     123     347     1,361     17       105     17  
    Net income (loss) $ 321   $ 404   $ 1,076   $ 3,784   $ 178       $ 321   $ 178  
                     
    Common Share Data:                
    Basic net income (loss) per share (2) $ 0.24   $ 0.60   $ 0.79   $ 2.79   $ 0.13     $ 0.24   $ 0.13  
    Diluted net income (loss) per share (2)   0.23     0.54     0.59     2.06     0.10       0.23     0.10  
    Dividend   0.00     0.00     0.00     0.00     0.00       0.00     0.00  
    Tangible book value per share (3)   58.46     57.37     57.80     55.36     52.59       58.46     52.59  
    Book value per share (3)   58.51     57.42     56.06     53.61     50.84       58.51     50.84  
    Weighted average shares outstanding – basic   1,348,995     1,357,737     1,357,259     1,356,255     1,341,181       1,348,995     1,341,181  
    Weighted average shares outstanding – diluted   1,396,274     1,507,344     1,833,586     1,833,881     1,820,498       1,396,274     1,820,498  
    Financial Condition Data:                
    Total assets $ 852,018   $ 866,474   $ 888,283   $ 901,634   $ 897,595     $ 852,018   $ 897,595  
    Loans   684,787     697,093     707,310     719,129     736,019       684,787     736,019  
    Allowance for credit losses on loans   (8,818 )   (8,790 )   (8,973 )   (9,083 )   (9,087 )     (8,818 )   (9,087 )
    Investment securities   124,109     120,339     120,349     123,814     119,300       124,109     119,300  
    Deposits   692,028     692,378     747,168     768,984     772,377       692,028     772,377  
    Borrowings   67,214     81,735     33,583     28,222     32,120       67,214     32,120  
    Stockholders’ equity   79,309     77,961     92,358     89,008     85,091       79,309     85,091  
    Financial Ratios and Other Data:                
    Performance Ratios:                
    Net interest margin (4)   2.62 %   2.44 %   2.55 %   2.38 %   2.29 %     2.62 %   2.29 %
    Net interest spread (5)   1.99 %   1.74 %   1.80 %   1.71 %   1.63 %     1.99 %   1.63 %
    Noninterest income to average assets (6)   0.73 %   0.82 %   1.25 %   3.09 %   0.73 %     0.73 %   0.73 %
    Noninterest expense to average assets   3.05 %   3.06 %   3.17 %   3.09 %   2.87 %     3.05 %   2.87 %
    Efficiency ratio (7)   93.65 %   96.17 %   85.32 %   57.19 %   97.20 %     93.65 %   97.20 %
    Earnings (loss) on average assets (8)   0.15 %   0.19 %   0.48 %   1.69 %   0.08 %     0.15 %   0.08 %
    Earnings (loss) on average equity (9)   1.65 %   1.94 %   4.71 %   17.92 %   0.84 %     1.65 %   0.84 %
    Asset Quality Ratios:                
    Nonaccrual loans to loans (10)   0.84 %   0.81 %   0.44 %   0.47 %   0.48 %     0.84 %   0.48 %
    Nonperformance assets to total assets (11)   0.67 %   0.68 %   0.38 %   0.41 %   0.43 %     0.67 %   0.43 %
    Nonaccrual loans, modified loans to borrowers experiencing                
    financial difficulty, loans 90 days or more past due and still                
    accruing to total loans   1.21 %   1.19 %   1.62 %   1.38 %   1.04 %     1.21 %   1.04 %
    Nonaccrual loans, OREO, modified loans to borrowers                
    experiencing financial difficulty, loans 90 days or more past                
    due and still accruing to total assets   0.97 %   0.98 %   1.32 %   1.14 %   0.89 %     0.97 %   0.89 %
    Allowance for credit losses on loans to total loans (10)   1.29 %   1.26 %   1.27 %   1.26 %   1.23 %     1.29 %   1.23 %
    Allowance for credit losses on loans to nonaccrual loans,                
    modified loans to borrowers experiencing financial difficulty loans                
    and loans 90 days or more past due and still accruing (10)   106.25 %   105.95 %   82.53 %   91.24 %   118.77 %     106.25 %   118.77 %
    Net charge-offs (recoveries) annualized                
    to average loans (10)   -0.01 %   -0.01 %   -0.01 %   0.03 %   0.03 %     -0.01 %   0.03 %
    Capital Ratios:                
    Total equity to total assets   9.31 %   9.00 %   10.40 %   9.87 %   9.48 %     9.31 %   9.48 %
    Total risk-based capital ratio   13.34 %   13.02 %   14.54 %   13.90 %   13.07 %     13.34 %   13.07 %
    Tier 1 risk-based capital ratio   10.62 %   10.33 %   11.89 %   11.27 %   10.48 %     10.62 %   10.48 %
    Leverage capital ratio   8.40 %   8.14 %   9.30 %   8.93 %   8.50 %     8.40 %   8.50 %
    Other Data:                
    Number of employees (full-time equivalent)   152     165     170     172     177       152     177  
    Number of banking facilities   9     9     9     9     9       9     9  
                     
    (1) Noninterest income includes gains and losses on securities.
    (2) Net income available to common stockholders in the calculation of earnings per share includes the difference between the carrying amount less the consideration paid for redeemed preferred stock of $0.4 million for the quarter ended December 31, 2024.
    (3) Tangible book value per share is the stockholder equity less the carry value of the preferred stock and less the goodwill and intangible assets, divided by the total shares of common outstanding. Book value per share is the stockholder equity less the liquidation preference of the preferred stock, divided by the total shares of common outstanding. Book value measures are reported inclusive of the net deferred tax assets. As presented here, shares of common outstanding excludes unvested restricted stock awards.
    (4) Net interest margin is the ratio of net interest income to average interest-earning assets.
    (5) Net interest spread is the yield on average interest-earning assets less the rate on average interest-bearing liabilities.
    (6) Noninterest income to average assets excludes gains and losses on securities.
    (7) The efficiency ratio is noninterest expense divided by the sum of net interest income plus noninterest income, excluding gains and losses on securities.
    (8) Earnings on average assets are net income divided by average total assets.
    (9) Earnings on average equity are net income divided by average stockholders’ equity.
    (10) Excludes loans held for sale.
    (11)Nonperforming assets includes nonaccrual loans and securities and other real estate owned.
     
    CIB MARINE BANCSHARES, INC.
    Consolidated Balance Sheets (unaudited)
               
      March 31, December 31, September 30, June 30, March 31,
      2025 2024 2024 2024 2024
      (Dollars in Thousands, Except Shares)
    Assets          
    Cash and due from banks $ 7,717   $ 6,748   $ 13,814   $ 10,690   $ 7,727  
    Reverse repurchase agreements   –     –     –     –     –  
    Securities available for sale   121,939     118,206     118,145     121,687     117,160  
    Equity securities at fair value   2,170     2,133     2,204     2,127     2,140  
    Loans held for sale   7,685     13,291     19,472     17,897     8,048  
               
    Loans   684,787     697,093     707,310     719,129     736,019  
    Allowance for credit losses on loans   (8,818 )   (8,790 )   (8,973 )   (9,083 )   (9,087 )
    Net loans   675,969     688,303     698,337     710,046     726,932  
               
    Federal Home Loan Bank Stock   2,607     2,607     2,238     2,238     2,328  
    Premises and equipment, net   1,486     1,570     1,526     1,569     3,550  
    Accrued interest receivable   2,680     2,651     2,926     3,230     3,271  
    Deferred tax assets, net   12,529     12,955     12,796     14,840     14,849  
    Other real estate owned, net   –     200     211     283     375  
    Bank owned life insurance   6,486     6,437     6,388     6,340     6,291  
    Goodwill and other intangible assets   64     64     64     64     64  
    Other assets   10,686     11,309     10,162     10,623     4,860  
    Total assets $ 852,018   $ 866,474   $ 888,283   $ 901,634   $ 897,595  
               
    Liabilities and Stockholders’ Equity          
    Deposits:          
    Noninterest-bearing demand $ 98,403   $ 86,886   $ 95,471   $ 95,457   $ 87,621  
    Interest-bearing demand   77,620     84,833     90,095     86,728     92,092  
    Savings   232,046     224,960     234,969     244,595     261,998  
    Time   283,959     295,699     326,633     342,204     330,666  
    Total deposits   692,028     692,378     747,168     768,984     772,377  
    Short-term borrowings   57,444     71,973     23,829     18,477     22,383  
    Long-term borrowings   9,770     9,762     9,754     9,745     9,737  
    Accrued interest payable   1,614     1,911     2,101     2,145     1,982  
    Other liabilities   11,853     12,489     13,073     13,275     6,025  
    Total liabilities   772,709     788,513     795,925     812,626     812,504  
               
    Stockholders’ Equity          
    Preferred stock, $1 par value; 5,000,000 authorized shares at periods prior to December 31, 2024; 7% fixed rate noncumulative perpetual issued; 14,633 shares of series A and 1,610 shares of series B; convertible; $16.2 million aggregate liquidation preference   –     –     13,806     13,806     13,806  
    Common stock, $1 par value; 75,000,000 authorized shares; 1,382,609 and 1,372,642 issued shares; 1,356,247 and 1,358,473 outstanding shares at March 31, 2025 and December 31, 2024, respectively. (1)   1,383     1,372     1,372     1,372     1,369  
    Capital surplus   181,801     181,708     181,603     181,486     181,380  
    Accumulated deficit   (99,167 )   (99,487 )   (100,297 )   (101,373 )   (105,157 )
    Accumulated other comprehensive income (loss), net   (3,939 )   (5,098 )   (3,592 )   (5,749 )   (5,773 )
    Treasury stock, 27,084 shares on March 31, 2025 and 14,791 shares December 31, 2024 (2)   (769 )   (534 )   (534 )   (534 )   (534 )
    Total stockholders’ equity   79,309     77,961     92,358     89,008     85,091  
    Total liabilities and stockholders’ equity $ 852,018   $ 866,474   $ 888,283   $ 901,634   $ 897,595  
               
    (1) Both issued and outstanding shares as stated here exclude 51,684 shares and 42,259 shares of unvested restricted stock awards at March 31, 2025 and December 31, 2024, respectively.
    (2) Treasury stock includes 722 shares held by subsidiary bank CIBM Bank.
               
    CIB MARINE BANCSHARES, INC.
    Consolidated Statements of Operations (Unaudited)
                     
      At or for the
      Quarters Ended   3 Months Ended
      March 31, December 31, September 30, June 30, March 31,   March 31, March 31,
      2025 2024 2024 2024 2024   2025 2024
      (Dollars in thousands)
                     
    Interest Income                
    Loans $ 9,623   $ 9,999   $ 10,573   $ 10,582   $ 10,394     $ 9,623   $ 10,394  
    Loans held for sale   137     215     300     213     142       137     142  
    Securities   1,150     1,151     1,183     1,217     1,231       1,150     1,231  
    Other investments   31     43     227     40     34       31     34  
    Total interest income   10,941     11,408     12,283     12,052     11,801       10,941     11,801  
                     
    Interest Expense                
    Deposits   5,029     5,638     6,354     6,466     6,227       5,029     6,227  
    Short-term borrowings   504     500     232     310     493       504     493  
    Long-term borrowings   119     121     121     121     120       119     120  
    Total interest expense   5,652     6,259     6,707     6,897     6,840       5,652     6,840  
    Net interest income   5,289     5,149     5,576     5,155     4,961       5,289     4,961  
    Provision for (reversal of) credit losses   42     (332 )   (113 )   10     (28 )     42     (28 )
    Net interest income after provision for                
    (reversal of) credit losses   5,247     5,481     5,689     5,145     4,989       5,247     4,989  
                     
    Noninterest Income                
    Deposit service charges   59     55     63     67     66       59     66  
    Other service fees   (9 )   (5 )   (5 )   1     (5 )     (9 )   (5 )
    Mortgage banking revenue, net   1,140     1,564     2,264     2,166     1,209       1,140     1,209  
    Other income   177     192     150     273     163       177     163  
    Net gains on sale of securities available for sale   0     0     0     0     0       0     0  
    Unrealized gains (losses) recognized on equity securities   36     (71 )   78     (14 )   (18 )     36     (18 )
    Net gains (loss) on sale of SBA loans   161     0     420     0     202       161     202  
    Net gains on sale of assets and (writedowns)   (12 )   (11 )   (73 )   4,411     10       (12 )   10  
    Total noninterest income   1,552     1,724     2,897     6,904     1,627       1,552     1,627  
                     
    Noninterest Expense                
    Compensation and employee benefits   4,066     4,344     4,852     4,700     4,289       4,066     4,289  
    Equipment   559     467     504     457     462       559     462  
    Occupancy and premises   549     500     495     391     436       549     436  
    Data Processing   221     220     243     208     212       221     212  
    Federal deposit insurance   129     144     182     219     199       129     199  
    Professional services   278     240     254     219     199       278     199  
    Telephone and data communication   52     74     51     51     56       52     56  
    Insurance   64     71     78     80     81       64     81  
    Other expense   455     618     504     579     487       455     487  
    Total noninterest expense   6,373     6,678     7,163     6,904     6,421       6,373     6,421  
    Income from operations                
    before income taxes   426     527     1,423     5,145     195       426     195  
    Income tax expense   105     123     347     1,361     17       105     17  
    Net income (loss)   321     404     1,076     3,784     178       321     178  
    Preferred stock dividend   0     0     0     0     0       0     0  
    Discount from repurchase of preferred stock   0     406     0     0     0       0     0  
    Net income (loss) allocated to                
    common stockholders $ 321   $ 810   $ 1,076   $ 3,784   $ 178     $ 321   $ 178  
                     

    The MIL Network –

  • MIL-OSI: JuicyChat.AI Launches NSFW AI Image Generator for Enhanced Conversation Experience

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, April 11, 2025 (GLOBE NEWSWIRE) —

    JuicyChat.AI Introduces NSFW AI Image Generator to Transform Digital Interactions

    JuicyChat.AI is taking digital conversation to new heights with the introduction of its NSFW AI Image Generator. This innovative tool enhances user experiences by generating dynamic images based on descriptions shared during chats, offering a more immersive and personalized interaction for users.

    Text-to-Image Generation for Richer Conversations​​
    The NSFW AI Image Generator’s Text-to-Image feature allows users to generate visually striking images based on the text described during NSFW chats. The tool supports various 2D image styles, including semi-realistic and anime models, giving users the ability to create customized visuals that match their unique conversation themes. This seamless integration of text and images makes the chat experience more engaging, interactive, and dynamic.

    Users can quickly generate images by selecting from pre-set prompts or remixing their descriptions to fine-tune the results. The tool’s rich image gallery offers free downloads and provides detailed prompt words, enabling users to create highly customized and vivid content to enhance their chats.

    Image-to-Image Function for Consistent Visuals​​
    In addition to the text-based generation, JuicyChat.AI’s NSFW AI Image Generator includes an Image-to-Image function, which allows for powerful appearance locking. This feature enables users to maintain consistent character appearances across a series of images, perfect for role-playing scenarios and AI-driven story creation. The ability to customize and generate images that follow the same visual style ensures a cohesive experience throughout a conversation.

    JuicyChat.AI: Leading the Way in Immersive AI Content

    With the launch of the NSFW AI Image Generator, JuicyChat.AI continues to set the standard for immersive AI content creation. By combining NSFW AI chat, images, and other multi-modal elements, the platform is rapidly becoming a leading space for creative expression. As the community grows, NSFW AI Chat, NSFW AI images, NSFW AI voices, and more talented creators are contributing daily to the platform’s expansion, producing unique and high-quality content.

    For more information on the NSFW AI Image Generator, visit JuicyChat.AI.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/7571e3cc-ad23-4ee2-9970-a0a7ba74821b

    The MIL Network –

  • MIL-OSI: Bitget Wallet Adds Direct Trading for Four.Meme Tokens on BNB Chain

    Source: GlobeNewswire (MIL-OSI)

    SAN SALVADOR, El Salvador, April 11, 2025 (GLOBE NEWSWIRE) — Bitget Wallet, a leading Web3 non-custodial wallet, has integrated in-wallet direct trading support for Four.Meme, a meme token launchpad on BNB Chain. This new feature allows users to directly access real-time newly created token listings and complete trades within the wallet interface, streamlining the process of engaging with early-stage meme assets on-chain.

    In-wallet direct trading allows users to interact with smart contracts directly through Bitget Wallet, removing the need for third-party intermediaries. This gives users closer access to token launches and greater control over their trades. Users can now search for a token by its contract address in the Bitget Wallet app and complete the trade directly from the token’s detail page. Bitget Wallet also plans to launch an in-app leaderboard to surface trending tokens within the Four.Meme ecosystem.

    Four.Meme has recently gained traction within the BNB Chain ecosystem as a hub for emerging meme token projects. By supporting its in-wallet trading functionality, Bitget Wallet enables users to seamlessly search, monitor, and execute trades of newly launched tokens without switching between platforms. The integration reflects a growing demand for more direct and efficient participation in early-stage on-chain opportunities.

    Looking ahead, Bitget Wallet will continue to optimize infrastructure to support early-stage on-chain asset access across various ecosystems. “We aim to reduce barriers for users engaging with emerging Web3 assets while providing secure, real-time access,” said Alvin Kan, COO of Bitget Wallet. “Supporting new formats like direct trading helps us move closer to that goal.”

    About Bitget Wallet
    Bitget Wallet is the home of Web3, uniting endless possibilities in one non-custodial wallet. With over 60 million users, it offers comprehensive onchain services, including asset management, instant swaps, rewards, staking, trading tools, live market data, a DApp browser and crypto payment solutions. Supporting over 130 blockchains, 20,000+ DApps, and millions of tokens, Bitget Wallet enables seamless multi-chain trading across hundreds of DEXs and cross-chain bridges, along with a $300+ million protection fund to ensure safety of users’ assets. Experience Bitget Wallet Lite to start a Web3 journey.

    For more information, visit: X | Telegram | Instagram | YouTube | LinkedIn | TikTok | Discord | Facebook

    For media inquiries, please contact media.web3@bitget.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/ad1aa2e0-9418-4586-b087-6d215d7f4f90

    The MIL Network –

  • MIL-OSI: Genezys Launches $GNZ Token, Shifting the tide of Sports Engagement in Web3

    Source: GlobeNewswire (MIL-OSI)

    Genezys, an innovative platform at the intersection of Web3 and sports, has officially launched its $GNZ token—marking a significant milestone in its mission to transform how fans, athletes, and clubs interact within the decentralized sports ecosystem. At the heart of this revolution is Genezys’ decentralized platform, designed to empower sports fans, creators, and athletes with innovative tools, transparent infrastructure, and unique engagement opportunities.

    GRENOBLE, France, April 11, 2025 (GLOBE NEWSWIRE) — Following its much-anticipated Initial Coin Offering (ICO) on Kommunitas Launchpad, Genezys has captured the attention of both blockchain enthusiasts and sports fans alike. The ICO attracted significant interest from investors eager to be part of a platform that is redefining the digital interaction between fans and athletes, creating new pathways for engagement and financial support for clubs.

    As the sports industry continues to embrace digital transformations, Genezys is leveraging the power of blockchain to provide a transparent and secure environment for sports engagement. Its flagship product, the FanCard, is a unique NFT that allows fans to connect more closely with their favorite athletes or sports clubs, unlocking a variety of exclusive benefits such as special content, VIP experiences, and more.

    But Genezys is not just about fan engagement—it’s building an entire ecosystem around Web3 technology. The platform offers a Web3-powered marketplace for buying, selling, and trading FanCards, which are digital collectibles backed by blockchain, and even includes a gamified rewards system that incentivizes fan loyalty. The platform’s NFT-powered Launchpad allows sports clubs and athletes to issue their own tokens, and community engagement translates into real-world perks, enhancing the access and allocation for token holders.

    Genezys combines the best of blockchain security, decentralization, and NFT utility to deliver a cutting-edge sports experience. Built on Ethereum-compatible smart contracts and powered by IPFS for decentralized storage, the platform ensures data privacy, user control, and fast, transparent transactions. Fans can also interact with athletes and clubs in a more direct, meaningful way, thanks to Genezys’ seamless integration of Web3 tools into the sports community.

    The $GNZ token serves as the core utility within the Genezys ecosystem, unlocking a broad array of benefits for holders. These include access to premium FanCard collections, participation in the Launchpad for exclusive athlete and club token sales, and rewards within the community engagement system. Additionally, $GNZ holders gain voting rights for platform governance decisions, staking rewards when paired with NFTs, and exclusive access to gated communities and events.

    During its ICO on Kommunitas, Genezys surpassed 60% of its funding target within the first six hours and was fully subscribed under 72 hours, signaling the high demand for fan-driven blockchain applications. The platform’s post-IKO strategy includes expanding its AI and blockchain capabilities, onboarding new strategic partners, and leveraging token buybacks funded through platform revenue—all aimed at enhancing the long-term value and utility of the $GNZ token.

    Looking ahead, Genezys plans to expand across multiple blockchains, integrate new fan engagement technologies, and scale its suite of products. With its unique combination of decentralization, sports community engagement, and tokenized rewards, Genezys is poised to become a cornerstone in the Web3 sports ecosystem. By offering fans, athletes, and sports clubs a secure, user-friendly platform, Genezys is setting a new standard for how sports can be experienced and monetized in the digital age.

    About Genezys
    Genezys is a Web3-powered sports platform dedicated to creating secure, intelligent, and decentralized tools that empower fans, athletes, and clubs to engage with one another in innovative ways. Its native token, $GNZ, fuels a vibrant ecosystem of fan engagement, NFT collections, and sports token launches. With strategic alliances, cutting-edge technology, and a user-first approach, Genezys is redefining what’s possible in the digital sports world.

    Contact:
    Nathan Muscio
    nathan.muscio@genezys-app.com
    contact@genezys.xyz

    Disclaimer: This press release is provided by Genezys. 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. 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. 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.Speculate only with funds that you can afford to lose.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.

    Legal Disclaimer: This media platform provides the content of this article on an “as-is” basis, without any warranties or representations of any kind, express or implied. We do not assume any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information presented herein. Any concerns, complaints, or copyright issues related to this article should be directed to the content provider mentioned above.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/dfc81f27-a22f-4fc4-a546-9ff085e614d9

    The MIL Network –

  • MIL-OSI: Meana Raptor Announces Presale with Real-World Utility, NFT Integration, and Anti-Whale Protections

    Source: GlobeNewswire (MIL-OSI)

    WASHINGTON, April 11, 2025 (GLOBE NEWSWIRE) — Meana Raptor has announced the launch of its private presale for $MRT. Blending innovative tokenomics, NFT-driven rewards, real-world utility, and a golf-meets-blockchain narrative, Meana Raptor aims to redefine what a truly community-centric crypto project can achieve.

    The Meana Raptor Ecosystem
    Meana Raptor transcends the typical meme coin or token label. It stands as a decentralized entertainment and real-world integration brand with a multi-layered ecosystem that includes:

    1. NFT Integration
      • Golf Perks & Events: Exclusive NFTs that grant holders access to golf club perks, tournaments, and brand-sponsored events.
      • Future VR Park Access: Fusing virtual reality with on-ground access, each NFT becomes a key to Meana Raptor’s expanding VR and park ecosystem.
    2. Native Token ($MRT)
      • Anti-Whale Protections: Smart contract features that limit large-scale market manipulation and ensure a fair token distribution.
      • Cooldown Mechanisms: Preventing rapid buy-sell cycles, safeguarding both new and existing investors.
    3. Storytelling & Entertainment
      • YouTube Shorts & Animated Episodes: Bringing Meana Raptor’s lore to life through engaging stories and characters.
      • Narrative Layer: Transforming holders into characters within the Meana universe — fostering identity and belonging that goes beyond token ownership.
    4. Future DAO Governance
      • Token + NFT Gated Access: Token and NFT holders will have a say in guiding project decisions, ensuring the community’s voice remains central to the project’s evolution.

    Security & Transparency
    From its inception, Meana Raptor has prioritized ethical leadership and technical security:

    • Doxxed Leadership Team: Founder and key team members are publicly known, fostering trust among participants.
    • Anti-Bot / Anti-Dump Architecture: Robust smart contract code designed to protect token holders from pump-and-dump scenarios.
    • Team & Dev Fund Vesting: Hardcoded vesting ensures the team’s interests align with the community’s long-term success.
    • Audit in Progress: A thorough audit by SolidProof is underway, reflecting Meana Raptor’s unwavering commitment to accountability and investor protection.

    About the Founder
    Meana Raptor was founded by Roberto Brown, a Vietnamese-American entrepreneur who entered the crypto arena determined to create an honest, transparent, and utility-focused project. His firsthand experiences with failed projects and rug pulls motivated him to build something genuinely sustainable. Brown’s background in business strategy — combined with a personal commitment to investor protection and transparency — sets the foundation for Meana Raptor’s bold vision. His primary belief: blockchain should create long-term value, not just fleeting hype.

    The Team
    Behind Meana Raptor stands a fully doxxed, global team of experts dedicated to security, user engagement, and community-driven growth:

    • Smart Contract Engineers: From the U.S. and Asia, ensuring robust anti-whale features, anti-bot mechanisms, and security-first protocols.
    • Marketing Specialists: Including members from the U.K. and Nigeria, strategizing brand storytelling, investor education, and real-time campaign engagement.
    • Community Builders: Focused on fortifying the Raptor community, offering top-tier support, and fostering organic growth across different regions and social channels.

    United by a shared vision of investor-first development, this diverse team operates under strict guidelines of trust and accountability.

    Join the Raptor Movement
    Meana Raptor isn’t just launching; it’s awakening a movement that merges immersive storytelling, blockchain rewards, and real-world access perks. Early adopters have an unprecedented chance to mint NFTs, participate in the presale, and shape the direction of a brand poised to innovate in both virtual and physical realms.

    “This project is about more than crypto,” says founder Roberto Brown. “It’s about building a community that stands for trust, creativity, and tangible value. We’re here to reshape the conversation around what a token — and its holders — can achieve together.”

    Join Meana Raptor in pioneering a decentralized future that values trust, community input, and tangible utility. Welcome to a realm where the fairway meets the blockchain, and every participant holds a stake in the story.

    For more information, connect at:
    Website: www.meanaraptor.com

    For press inquiries, contact:
    Info@meanaraptor.com
    felipe@meanaraptor.com
    michael@meanaraptor.com
    robin@meanaraptor.com

    Media Contact
    Company Name: Meana Raptor
    Contact Person: Roberto Brown
    Email: info@meanaraptor.com
    Website: meanaraptor.com

    Disclaimer: This press release is provided by the Meana Raptor. 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.

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

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/88029e88-66f8-4b3c-ab8d-24d55574daa1

    The MIL Network –

  • MIL-OSI: Útgáfuáætlun Hafnarfjarðarkaupstaðar fyrir apríl til desember 2025

    Source: GlobeNewswire (MIL-OSI)

    Bæjarstjórn Hafnarfjarðarkaupstaðar samþykkti fjárhagsáætlun ársins 2025 og 2026-2028 á fundi sínum 12. desember 2024 og lántökuáætlun fyrir árið 2025 á sama tíma. Gert er ráð fyrir að lántaka bæjarsjóðs nemi allt að 6.064 m.kr. á árinu 2025.
    Lántakan verður framkvæmd með útgáfu nýs skuldabréfaflokks eða með öðrum hætti sem álitinn er hagkvæmur út frá markaðsaðstæðum  hverju sinni.

    Skuldabréfaútboð Hafnarfjarðarkaupstaðar á árinu eru fyrirhuguð á eftirfarandi dögum:

    • 14. maí
    • 17. september
    • 12. nóvember

    Útgáfuáætlun er lögð fram til að auka fyrirsjáanleika á markaði en Hafnarfjarðarkaupstaður áskilur sér rétt til að bregða út af þessari áætlun, fella niður útboð og/eða bæta við útboðsdögum. Útgáfuáætlunin nær frá apríl til desember 2025.

    Tilkynnt verður um fyrirkomulag einstakra útboða í fréttakerfi NASDAQ OMX á Íslandi að lágmarki einum degi fyrir útboð.

    Umsjónaraðili skuldabréfaútboða fyrir Hafnarfjarðarkaupstað er Markaðsviðskipti Arion banka.

    Nánari upplýsingar veitir:

    Helga Benediktsdóttir
    sviðsstjóri fjármálasviðs
    helga@hafnarfjordur.is

    The MIL Network –

  • MIL-OSI: Gate.io Celebrates 12th Anniversary with a Major Brand Upgrade: Opening the Gateway to the Future of Crypto

    Source: GlobeNewswire (MIL-OSI)

    PANAMA CITY, April 11, 2025 (GLOBE NEWSWIRE) — Global leading cryptocurrency exchange Gate.io is marking a significant milestone—its 12th anniversary—by unveiling a comprehensive brand upgrade, including the debut of its new official Chinese name, “Damen” (大门, meaning “The Gate“). Under the theme “12 Years, One Gate, One World”, Gate.io reflects on its journey of growth and transformation, while embracing a bold new vision for the future, showcasing its ambition to build a more open, diverse, and innovative Web3 ecosystem for users worldwide.

    12 Years of Innovation: Establishing Prestigious Global Leadership

    Since its inception in 2013, Gate.io has emerged as a blockchain innovation powerhouse, offering reliable and versatile digital asset trading services. Today, Gate.io has grown into a top global leading crypto exchange, serving over 22 million users globally, consistently ranking among the top three exchanges by liquidity and ranking top 2 in 24-hour spot trading volume. The platform supports over 3,800 cryptocurrencies across spot trading, futures, leverage, and other financial products, offering a wide range of investment opportunities.

    Among the keystones cementing Gate.io’s dominance in crypto space, GateToken (GT), Gate.io’s native platform token, has been a cornerstone of its ecosystem since the launch of GateChain’s mainnet in 2019. GT reached an all-time high of $25.960, with a total market capitalization surpassing $2.94 billion, propelling its market rank into the global Top 40.

    Moreover, Gate.io’s established crypto financial ecosystem has also played a crucial role in driving industry transparency. As the first mainstream exchange to commit to 100% proof of reserves, it partnered with U.S. audit firm Armanino LLP, leveraging the Merkle Tree open-source framework for regular asset reserve disclosures. As of January 17, 2025, Gate.io’s total reserves exceeded $10 billion, ranking fourth globally, with an above-average reserve ratio of 128.58%, ensuring verifiability and security for user assets.

    Cross-Industry Partnerships: Expanding Web3’s Global Influence

    Gate.io is actively fostering cross-industry partnerships to elevate the crypto industry’s global reach. In 2024, Gate.io partnered with FC Internazionale Milano, or Inter, marking a new era of integration between crypto and traditional sports. As the Official Sleeve Partner for Inter, Gate.io’s brand images have been prominently featured at San Siro Stadium, Serie A, and UEFA Champions League matches. Through VIP events and joint activities, Gate.io is bringing crypto closer to football enthusiasts, building a global fan community, and exploring new possibilities for sports and digital assets.

    In the first quarter of 2025, Gate.io announced a landmark sponsorship deal with Oracle Red Bull Racing in Formula 1, becoming the team’s exclusive cryptocurrency exchange partner. As an eight-time F1 world champion, Oracle Red Bull Racing is synonymous with excellence and speed, a vision that aligns with Gate.io’s cutting-edge innovation in digital finance. This partnership is a strategic milestone, accelerating blockchain adoption and expanding Web3 solutions to a broader global audience.

    Strategic Brand Upgrade: Embracing A New Identity for the Future

    Over the past 12 years, Gate.io has witnessed the rapid evolution of the crypto industry and proactively adapted to market shifts. From a Bitcoin trading platform to a comprehensive blockchain ecosystem, Gate.io is now embracing its next evolution with the introduction of the new Chinese Name “Damen” (meaning “The Gate”). The new brand identity symbolizes openness, fairness, and innovation, reflecting Gate.io’s commitment to bridging the global crypto economy with cutting-edge technology and trusted financial infrastructure.

    More than just a name change, this brand evolution marks a strategic upgrade—shifting from a traditional exchange to a fully integrated Web3 ecosystem. Under this new vision, Gate.io is focused on enhancing user experience, driving technological innovation, and expanding decentralized finance solutions, making blockchain technology more accessible, secure, and intuitive for users worldwide.

    Commemorating 12 Years with Exclusive Events in Dubai

    To celebrate this milestone, Gate.io will host a series of flagship events in Dubai on April 29-30, 2025, to join hands with global users and industry partners. The 12th Anniversary Celebration is expected to attract over a thousand top global investors, blockchain entrepreneurs, project teams, and industry leaders, joining Gate.io in celebrating this significant occasion. Adding to the festivities, SPORT3 DUBAI 2025 will introduce a unique blend of sports and blockchain, creating a dynamic and engaging atmosphere for industry professionals to connect. Through this initiative, Gate.io aims to foster cross-industry collaboration, encourage meaningful dialogue, and drive innovation in blockchain-powered sports applications.

    Twelve years of trust, growth, and groundbreaking innovation have brought Gate.io to this defining moment. From the “Gateway to Crypto” over a decade ago to pioneering the next chapter of blockchain evolution, the platform remains committed to its mission. Standing at the crossroads of a new era, Gate.io embraces its new transformation, not just a rebrand, but as a renewed commitment to empowering users, advancing technology, and shaping the future of the blockchain ecosystem. As Gate.io unveils its next chapter, it continues to open the gateway to crypto for global users, bridging today’s world with the boundless possibilities of the crypto future.

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

    Disclaimer:

    The content herein does not constitute any offer, solicitation, or recommendation. Please note that virtual assets may depreciate in value fully or partially, and are susceptible to significant fluctuations. You should always seek independent professional advice before making any investment decisions. Please note Gate.io is not licensed or regulated by the Virtual Asset Regulatory Authority (VARA) and hence not permitted to conduct virtual asset related activities in/from Dubai. The products and/or services mentioned herein are only available to persons outside Dubai. Please be noted that Gate.io may restrict or prohibit the use of all or a portion of the Services from Restricted Locations. For more information, please read the User Agreement via https://www.gate.io/zh/user-agreement.

    Disclaimer: This press release is provided by Gate.io. 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. 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. 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.Speculate only with funds that you can afford to lose.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.

    Legal Disclaimer: This media platform provides the content of this article on an “as-is” basis, without any warranties or representations of any kind, express or implied. We do not assume any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information presented herein. Any concerns, complaints, or copyright issues related to this article should be directed to the content provider mentioned.

    A photo accompanying this announcement is available at
    https://www.globenewswire.com/NewsRoom/AttachmentNg/084ebf10-5fe7-4c6c-ade0-aedac933fbf4

    The MIL Network –

  • MIL-OSI: Notice to the Annual General Meeting of KH Group Plc

    Source: GlobeNewswire (MIL-OSI)

    KH Group Plc
    Stock Exchange Release 11 April 2025 at  10:00 am EEST

    Notice to the Annual General Meeting of KH Group Plc

    Notice is given to the shareholders of KH Group Plc (“KH Group” or the “Company”) to the Annual General Meeting to be held on Tuesday, 6 May 2025 at 2:00 p.m. EEST at Sanomatalo, Flik Event Studio Eliel, at the address Töölönlahdenkatu 2, 00100 Helsinki, Finland. The reception of attendees who have registered for the meeting and the distribution of voting tickets will commence at 1:30 p.m. EEST.

    Shareholders may also exercise their voting rights by voting in advance. Shareholders who have registered for the meeting may also follow the meeting via a live webcast. Further instructions for shareholders are provided in section C “Instructions for the participants in the Annual General Meeting” of this notice.

    In connection with the Annual General Meeting, coffee will be served at the meeting venue.

    A. Matters on the Agenda of the Annual General Meeting

    At the Annual General Meeting, the following matters shall be considered:

    1. Opening of the meeting

    2. Calling the meeting to order

    3. Election of persons to scrutinise the minutes and to supervise the counting of votes

    4. Recording the legality and quorum of the meeting

    5. Recording the attendance at the meeting and adopting the list of votes

    6. Presentation of the Financial Statements, the Board of Directors’ Report, the Auditor’s Report and the assurance report on the sustainability statement for the year 2024, and presentation of the CEO’s Review

    7. Adoption of the Financial Statements

    8. Resolution on the use of profit shown on the balance sheet and the payment of dividend

    The Board of Directors proposes to the General Meeting that no dividend be paid for the financial period ended 31 December 2024.

    9. Resolution on the discharge from liability of the members of the Board of Directors and the CEO

    10. Adoption of the Governing Bodies’ Remuneration Report

    11. Resolution on the remuneration of the members of the Board of Directors

    The Shareholders’ Nomination Board of KH Group proposes to the General Meeting that the remuneration of the Board of Directors remain unchanged, so that the Chairman of the Board of Directors be paid as remuneration EUR 3,550 per month and the other members of the Board of Directors each EUR 2,300 per month. The Nomination Board further proposes that the travel expenses of the members of the Board of Directors be compensated in accordance with the Company’s travel policy and that each of the members of the Board of Directors shall have the right to abstain from receiving remuneration.

    Earnings-related pension insurance contributions are paid voluntarily for the paid remuneration.

    12. Resolution on the number of members of the Board of Directors

    The Shareholders’ Nomination Board of KH Group proposes to the General Meeting that the number of members of the Board of Directors shall be six (6).

    13. Election of members of the Board of Directors

    The Shareholders’ Nomination Board of KH Group proposes to the General Meeting that the current members of the Board of Directors Juha Karttunen, Taru Narvanmaa and Jon Unnérus shall be re-elected as members of the Board of Directors and that Christoffer Landtman, Jari Rautjärvi and Carl Haglund shall be elected as a new members of the Board of Directors, for a term ending at the closing of the 2026 Annual General Meeting. Of the current Board members, Kati Kivimäki and Timo Mänty have indicated that they are not available for re-election.

    All persons nominated as members of the Board of Directors have given their consent to the election. The Nomination Board considers all the nominees to be independent of the Company and of the significant shareholders of the Company.

    According to the Articles of Association of KH Group, the Board of Directors elects a Chair from among its members.

    CVs, photographs and the evaluation regarding the independence of the proposed members of the Board of Directors are presented on the Company’s website at https://khgroup.com/en/investors/corporate-governance/general-meetings/annual-general-meeting-2025/

    14. Resolution on the remuneration of the auditor and the sustainability reporting assurance provider

    The Board of Directors proposes to the General Meeting that the remuneration of the auditor shall be paid according to the auditor’s reasonable invoice approved by the Company.

    The Board of Directors further proposes to the General Meeting that the remuneration of the sustainability reporting assurance provider shall be paid according to the sustainability reporting assurance provider’s reasonable invoice approved by the Company.

    15. Election of the auditor and the sustainability reporting assurance provider

    The Board of Directors proposes to the General Meeting that Ernst & Young Oy, Authorised Public Accountants, be re-elected as the Company’s auditor. Ernst & Young Oy has notified that Timo Eerola, APA, will act as the principally responsible auditor for the Company.

    The Board of Directors further proposes to the General Meeting that Ernst & Young Oy, Authorised Sustainability Audit Firm, be elected as the Company’s sustainability reporting assurance provider. Ernst & Young Oy has notified that Timo Eerola, ASA (Authorised Sustainability Auditor), will act as the principally responsible sustainability auditor for the Company.

    The term of the auditor and the sustainability reporting assurance provider ends at the closing of the Annual General Meeting following the election.

    16. Authorising the Board of Directors to decide on the issuance of shares and special rights entitling to shares

    The Board of Directors proposes to the General Meeting that the General Meeting authorise the Board of Directors to decide on the issuance of shares and/or the granting of special rights entitling to shares as referred to in Chapter 10, Section 1 of the Finnish Limited Liability Companies Act, in one or several instalments as follows: The total number of shares to be issued under the authorisation may be at the most 11,400,000 shares. The authorisation concerns both the issuance of new shares as well as the conveyance of shares held by the Company. The authorisation is proposed to be used to finance or carry out possible acquisitions or other arrangements or investments related to the Company’s business, to implement the Company’s incentive program, or for other purposes decided by the Board of Directors.

    The Board of Directors decides on all terms and conditions of a share issue and the issuance of special rights referred to in Chapter 10, Section 1 of the Finnish Limited Liability Companies Act, and the authorisation therefore includes the right of the Board of Directors to deviate from the shareholders’ pre-emptive subscription right (directed issue), the right to issue shares against consideration or without payment, and the right to decide on a free issuance of shares to the Company itself, however, taking into account the provisions of the Finnish Limited Liability Companies Act concerning the maximum number of own shares held by the Company.

    The authorisation is proposed to be effective until 30 June 2026, and it will cancel the corresponding authorisation given to the Board of Directors by the Annual General Meeting on 7 May 2024.

    17. Authorising the Board of Directors to decide on the repurchase of the Company’s own shares

    The Board of Directors proposes to the General Meeting that the General Meeting authorise the Board of Directors to decide to repurchase a maximum of 5,700,000 shares in the Company in one or several instalments by using funds in the Company’s unrestricted equity, however, taking into account the provisions of the Finnish Limited Liability Companies Act concerning the maximum number of own shares held by the Company. The Company’s own shares may be repurchased to be used as consideration in possible acquisitions or in other arrangements related to the Company’s business, to finance investments, as a part of the Company’s incentive program, to develop the Company’s capital structure as well as to be conveyed for other purposes, to be held by the Company or to be cancelled. The authorisation also includes the right to pledge the Company’s own shares.

    The Company’s own shares may be repurchased in public trading organized by Nasdaq Helsinki Ltd otherwise than in proportion to the shareholdings of the shareholders, at the market price at the time of repurchase. The shares will be repurchased and paid in accordance with the rules of Nasdaq Helsinki Ltd and Euroclear Finland Oy. The Board of Directors is in all other respects authorised to decide on the terms and conditions of the repurchase of own shares.

    The authorisation is proposed to be effective until 30 June 2026, and it will cancel the corresponding authorisation given to the Board of Directors by the Annual General Meeting on 7 May 2024.

    18. Closing of the meeting

    B. Documents of the Annual General Meeting

    The aforementioned proposals on the agenda of the General Meeting, this notice, the Governing Bodies’ Remuneration Report as well as the Annual Report, which includes the Financial Statements of the Company, the Board of Directors’ Report (including the sustainability report), the Auditor’s Report and the assurance report on the sustainability statement, are available on KH Group’s website at https://khgroup.com/en/investors/corporate-governance/general-meetings/annual-general-meeting-2025.

    The minutes of the General Meeting will be available on the aforementioned website on 20 May 2025, at the latest.

    C. Instructions for the participants in the Annual General Meeting

    1. Shareholder registered in the shareholders’ register

    Each shareholder who is registered on the record date of the General Meeting, on 23 April 2025, in the shareholders’ register of the Company maintained by Euroclear Finland Oy, has the right to participate in the General Meeting. A shareholder whose shares in the Company are registered on their personal Finnish book-entry account, is registered in the shareholders’ register of the Company.

    The registration to the General Meeting begins on 14 April 2025 at 10:00 a.m. EEST. A shareholder who is registered in the shareholders’ register of the Company and who wants to participate in the General Meeting, shall register no later than on 28 April 2025 at 4:00 p.m. EEST, by which time the registration must be received.

    Registration can be done:

    a)   Through the Company’s website at https://khgroup.com/en/investors/corporate-governance/general-meetings/annual-general-meeting-2025/

    In the electronic registration, a strong identification of the shareholder or their proxy representative or legal representative is required with Finnish, Swedish or Danish banking codes or a mobile ID.

    b)   By email or mail to Innovatics Ltd to the address agm@innovatics.fi, to the address Innovatics Ltd, AGM / KH Group Plc, Ratamestarinkatu 13 A, FI-00520 Helsinki, Finland.

    Shareholders registering by email or mail shall submit the registration form and possible advance voting form available on the Company’s website https://khgroup.com/en/investors/corporate-governance/general-meetings/annual-general-meeting-2025 or corresponding information in the message.

    In connection with the registration, a shareholder shall provide the requested information, such as their name, date of birth or business ID, phone number and/or email address as well as the name of assistant or a proxy representative, if any, date of birth of the proxy representative and their phone number and/or email address. The personal data given by the shareholders or the representatives to KH Group or Innovatics Ltd is used only in connection with the Annual General Meeting and with the processing of necessary related registrations.

    The shareholder, legal representative or their proxy representative shall, if necessary, be able to prove their identity and/or right of representation at the meeting venue.

    Additional information on registration and advance voting is available by phone during the registration period of the General Meeting at Innovatics Ltd’s phone number +358 (0)10 2818 909 from Monday to Friday at 9:00 a.m. to 12 noon and at 1:00 p.m. to 4:00 p.m. EEST.

    2. Proxy representative and powers of attorney

    A shareholder may participate in the General Meeting and exercise their rights at the meeting by way of a proxy representative. The shareholder’s proxy presentative may also vote in advance as described in this notice. The proxy representative must identify him/herself to the electronic registration service and advance voting with strong identification, after which he/she will be able to register and vote in advance on behalf of the shareholder he/she represents. The shareholder’s proxy representative shall produce a dated proxy document or otherwise in a reliable manner demonstrate their right to represent the shareholder at the General Meeting. The representation right can be demonstrated by using the suomi.fi authorisation service available in the electronic registration service.

    A power of attorney template and voting instructions will be available on the Company’s website at https://khgroup.com/en/investors/corporate-governance/general-meetings/annual-general-meeting-2025 on 14 April 2025 at 10:00 a.m. EEST at the latest. If a shareholder participates in the General Meeting by means of several proxy representatives representing the shareholder with shares at different securities accounts, the shares by which each proxy representative represents the shareholder shall be identified in connection with the registration.

    Possible proxy documents are requested to be delivered primarily as an attachment in connection with the electronic registration, or alternatively by email to agm@innovatics.fi or by mail to the address Innovatics Oy, AGM / KH Group Plc, Ratamestarinkatu 13 A, FI-00520 Helsinki, Finland before the expiry of the registration period. In addition to providing proxy documents, the shareholder or the proxy representative must register for the General Meeting as detailed above in this Notice.

    3. Holder of nominee registered share

    A holder of nominee registered shares has the right to participate in the General Meeting by virtue of such shares based on which he/she on the record date of the General Meeting, i.e., on 23 April 2025, would be entitled to be registered in the shareholders’ register of the Company maintained by Euroclear Finland Oy. The right to participate in the General Meeting requires, in addition, that the shareholder on the basis of such shares has been temporarily registered into the shareholders’ register of the Company maintained by Euroclear Finland Oy at the latest by 1 May 2025 at 10:00 a.m. EEST. As regards nominee registered shares, this constitutes due registration for the General Meeting. Changes in shareholding after the record date of the General Meeting do not affect the right to participate in the General Meeting or the number of votes of the shareholder.

    A holder of a nominee registered share is advised to request without delay the necessary instructions regarding the registration in the temporary shareholders’ register of the Company, the issuing of proxy documents, the registration and participating for the General Meeting and voting in advance from their custodian bank. The account management organisation of the custodian bank has to register a holder of a nominee registered share, who wants to participate in the General Meeting, temporarily into the shareholders’ register of the Company and if needed to see to the voting in advance on behalf of a holder of a nominee registered share before the expiry of the registration period for the holders of nominee registered shares.

    4. Advance voting

    A shareholder whose shares are registered on their personal Finnish book-entry account may vote in advance during the period from 14 April 2025 at 10:00 a.m. EEST until 28 April 2025 at 4:00 p.m. EEST on certain matters on the agenda of the General Meeting.

    Advance voting can be done in the following ways:

    a)   Through the Company’s website at https://khgroup.com/en/investors/corporate-governance/general-meetings/annual-general-meeting-2025/
           Logging in to the service is done in the same way as for registration above in the Section C.1.

    b)   By email or mail by delivering the advance voting form available on the Company’s website on 14 April 2025 at 10:00 a.m. EEST at the latest or corresponding information by email to agm@innovatics.fi or to the address Innovatics Ltd, AGM / KH Group Plc, Ratamestarinkatu 13 A, FI-00520 Helsinki, Finland. The advance votes shall be received before the expiry of the advance voting period. Submitting votes in such manner before the expiry of registration and advance voting period constitutes due registration for the General Meeting, provided that the documents delivered by the shareholder contain the information required for registration.

    A shareholder who has voted in advance can use their right to request information under the Finnish Companies Act or their right to request a vote at the General Meeting or vote on a possible counterproposal only if the shareholder participates in the General Meeting in person or by way of proxy representation at the meeting venue.

    An agenda item subject to advance voting is considered to have been presented unchanged to the General Meeting.

    The terms and conditions as well as other instructions related to the electronic advance voting are available on the Company’s website at https://khgroup.com/en/investors/corporate-governance/general-meetings/annual-general-meeting-2025/.

    5. Other instructions and information

    The meeting language will be Finnish.

    Pursuant to Chapter 5, Section 25 of the Finnish Limited Liability Companies Act, a shareholder who is present at the General Meeting has the right to request information with respect to the matters to be considered at the meeting.

    The Company will arrange an opportunity for shareholders who have registered for the meeting to follow the meeting online via a live webcast. A video link and password to follow the meeting remotely will be sent via email and text message to the email address and mobile phone number provided in connection with the registration. Following the meeting through the remote access is only possible for shareholders who are shareholders on the record date of the General Meeting.

    Detailed instructions on following the webcast will be available on the Company’s website at https://khgroup.com/en/investors/corporate-governance/general-meetings/annual-general-meeting-2025/. Shareholders are asked to take into account that following the meeting via webcast is not considered participating in the Annual General Meeting, and that it is not possible for the shareholders to exercise their shareholder rights in the Annual General Meeting through the webcast. Shareholders that wish to follow the webcast can exercise their voting rights by voting on the matter on the agenda in advance in accordance with the instructions provided above.

    On the date of this notice, the total number of shares and votes in KH Group is 58,078,895.

    No free parking has been arranged at the meeting venue.

    Helsinki, 10 April 2025

    KH GROUP PLC
    Board of Directors

    FURTHER INFORMATION:
    CEO Ville Nikulainen, tel. +358 400 459 343

    DISTRIBUTION:
    Nasdaq Helsinki Ltd
    Main media
    www.khgroup.com

    KH Group Plc is a Nordic conglomerate operating in the business areas of KH-Koneet, Nordic Rescue Group and Indoor Group. We are a leading supplier of construction and earth-moving equipment, rescue vehicle manufacturer as well as furniture and interior decoration retailer. The objective of our strategy is to create an industrial group around the business of KH-Koneet. KH Group’s share is listed on Nasdaq Helsinki.

    The MIL Network –