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Category: GlobeNewswire

  • MIL-OSI: Motley Fool Wealth Management Appoints Sabrina Rosh, CFP®, as Director of Financial Planning

    Source: GlobeNewswire (MIL-OSI)

    ALEXANDRIA, Va., July 17, 2025 (GLOBE NEWSWIRE) — Motley Fool Wealth Management (“Fool Wealth” or “firm”), a purpose-driven financial advisory firm affiliated with The Motley Fool, today announced the appointment of Sabrina Rosh, CFP®, as the firm’s new Director of Financial Planning. Rosh will oversee the company’s financial planning and client support teams, reinforcing Fool Wealth’s commitment to delivering a highly personalized, goals-based client experience.

    Rosh joins Fool Wealth with nearly 20 years of experience supporting clients across the full spectrum of financial planning, including leadership roles at Ellevest, Fidelity Investments, Brighton Jones, Wealth Architects, and Loring Ward. Her approach aligns closely with the firm’s planning philosophy—one that looks beyond investments to include retirement readiness, risk management, insurance, and longevity. She will work with the team to further shape and support a consistent planning experience that reflects the complexity of clients’ lives and the long-term nature of their goals.

    “Sabrina brings the experience and perspective that reflects our Foolish values—collaboration, long-term thinking, and a deep commitment to excellence,” said Megan Brinsfield, CPA, CFP®, President of Motley Fool Wealth Management. “She combines technical expertise with client-centered leadership, and her role will help us build on the strength of our integrated approach and investment planning model while continuing to deliver a clear, personal experience for the families we serve.”

    Motley Fool Wealth Management combines personalized financial planning with a long-term investment philosophy centered on individual stock selection. Its three-part approach—stock picking, portfolio construction, and personalized asset allocation—is designed to align portfolio construction with each client’s goals, preferences, and financial plan. Led by CERTIFIED FINANCIAL PLANNER™ professionals, Fool Wealth’s model emphasizes clarity, consistency, and a deep understanding of the full scope of a client’s financial life.

    “Fool Wealth has built something rare: a planning-first culture that truly prioritizes the needs of the families it serves,” said Sabrina Rosh, CFP®. “At a time when clients are navigating more uncertainty and complexity, a team approach rooted in clarity and long-term thinking is not just valuable—it’s essential.”

    Rosh’s appointment comes as Fool Wealth continues to expand its leadership and grow a team of experienced advisors to reflect the growing complexity of client needs, including an increasing number of CFP® professionals and industry veterans.

    For more information about Motley Fool Wealth Management and its team, please visit www.foolwealth.com.

    About Motley Fool Wealth Management
    Motley Fool Wealth Management is a registered investment advisor affiliated with The Motley Fool, LLC. The firm offers personalized financial planning and investment management services, grounded in the same long-term, purpose-driven philosophy that has guided The Motley Fool for over three decades.

    The MIL Network –

  • MIL-OSI: CVR Energy to Release Second Quarter 2025 Earnings Results

    Source: GlobeNewswire (MIL-OSI)

    SUGAR LAND, Texas, July 17, 2025 (GLOBE NEWSWIRE) — CVR Energy, Inc. (NYSE: CVI) plans to release its second quarter 2025 earnings results on Wednesday, July 30, after the close of trading on the New York Stock Exchange. The Company also will host a teleconference call on Thursday, July 31, at 1 p.m. Eastern to discuss these results.

    This call, which will contain forward-looking information, will be webcast live and can be accessed on the Investor Relations section of CVR Energy’s website at www.CVREnergy.com. For investors or analysts who want to participate during the call, the dial-in number is (877) 407-8291. The webcast will be archived and available for 14 days at https://edge.media-server.com/mmc/p/939p6amw. A repeat of the call also can be accessed for 14 days by dialing (877) 660-6853, conference ID 13754877.

    CVR Energy’s second quarter 2025 earnings news release will be distributed via GlobeNewswire and posted at www.CVREnergy.com.

    About CVR Energy, Inc.
    Headquartered in Sugar Land, Texas, CVR Energy is a diversified holding company primarily engaged in the renewables, petroleum refining and marketing businesses as well as in the nitrogen fertilizer manufacturing business through its interest in CVR Partners, LP. CVR Energy subsidiaries serve as the general partner and own 37 percent of the common units of CVR Partners, LP.

    For further information, please contact:

    Investor Relations:
    Richard Roberts
    CVR Energy, Inc.
    (281) 207-3205
    InvestorRelations@CVREnergy.com

    Media Relations:
    Brandee Stephens                        
    CVR Energy, Inc.
    (281) 207-3516
    MediaRelations@CVREnergy.com

    The MIL Network –

  • MIL-OSI: Climb Global Solutions Sets Second Quarter 2025 Conference Call for July 31, 2025 at 8:30 a.m. ET

    Source: GlobeNewswire (MIL-OSI)

    EATONTOWN, N.J., July 17, 2025 (GLOBE NEWSWIRE) — Climb Global Solutions, Inc. (NASDAQ:CLMB) (“Climb” or the “Company”), a value-added global IT channel company providing unique sales and distribution solutions for innovative technology vendors, will host a conference call on Thursday, July 31, 2025 at 8:30 a.m. Eastern time to discuss its financial results for the second quarter ended June 30, 2025. The Company’s results will be reported in a press release prior to the call.

    Climb’s management will host the conference call, followed by a question-and-answer period. Interested parties may submit questions to the Company prior to the call by emailing CLMB@elevate-ir.com.

    Date: Thursday, July 31, 2025
    Time: 8:30 a.m. Eastern time
    Toll-free dial-in number: (800) 225-9448
    International dial-in number: (203) 518-9708
    Conference ID: CLIMB
    Webcast: Climb’s Q2 2025 Conference Call

    If you have any difficulty registering or connecting with the conference call, please contact Elevate IR at (720) 330-2829.

    The conference call will also be available for replay on the investor relations section of the Company’s website at www.climbglobalsolutions.com.

    About Climb Global Solutions

    Climb Global Solutions, Inc. (NASDAQ:CLMB) is a value-added global IT distribution and solutions company specializing in emerging and innovative technologies. Climb operates across the U.S., Canada and Europe through multiple business units, including Climb Channel Solutions, Grey Matter and Climb Global Services. The Company provides IT distribution and solutions for companies in the Security, Data Management, Connectivity, Storage & HCI, Virtualization & Cloud, and Software & ALM industries.

    Additional information can be found by visiting www.climbglobalsolutions.com.

    Company Contact

    Matthew Sullivan
    Chief Financial Officer
    (732) 847-2451
    MatthewS@ClimbCS.com

    Investor Relations Contact

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

    The MIL Network –

  • MIL-OSI: Skyward Specialty to Host Second Quarter 2025 Earnings Call Friday, August 1, 2025

    Source: GlobeNewswire (MIL-OSI)

    HOUSTON, July 17, 2025 (GLOBE NEWSWIRE) — Skyward Specialty Insurance Group, Inc.™ (NASDAQ: SKWD) (“Skyward Specialty” or “the Company”) expects to issue its second quarter 2025 earnings results after the market closes on Thursday, July 31 which will be available on the Company website at investors.skywardinsurance.com/ under Quarterly Results.

    Skyward Specialty will host its earnings call to review the second quarter 2025 financial results on Friday, August 1 at 9:30 a.m. EST.

    Investors may access the live audio webcast via the link on the Company’s investor site at investors.skywardinsurance.com/ under Events & Presentations. Additionally, investors can access the earnings call via conference call by registering via the conference link. Users will receive dial-in information and a unique PIN to join the call upon registering.

    A webcast replay will be available two hours following the call in the same location on the Company’s investor website.

    About Skyward Specialty

    Skyward Specialty (Nasdaq: SKWD) is a rapidly growing and innovative specialty insurance company, delivering commercial property and casualty products and solutions on a non-admitted and admitted basis. The Company operates through nine underwriting divisions – Accident & Health, Agriculture and Credit (Re)insurance, Captives, Construction & Energy Solutions, Global Property, Professional Lines, Specialty Programs, Surety, and Transactional E&S.

    Skyward Specialty’s subsidiary insurance companies consist of Great Midwest Insurance Company, Houston Specialty Insurance Company, Imperium Insurance Company, and Oklahoma Specialty Insurance Company. These insurance companies are rated A (Excellent) with a stable outlook by A.M. Best Company. For more information about Skyward Specialty, its people, and its products, please visit skywardinsurance.com.

    For investor relations information contact:

    Natalie Schoolcraft
    nschoolcraft@skywardinsurance.com
    614-494-4988

    The MIL Network –

  • MIL-OSI: Skyward Specialty to Host Second Quarter 2025 Earnings Call Friday, August 1, 2025

    Source: GlobeNewswire (MIL-OSI)

    HOUSTON, July 17, 2025 (GLOBE NEWSWIRE) — Skyward Specialty Insurance Group, Inc.™ (NASDAQ: SKWD) (“Skyward Specialty” or “the Company”) expects to issue its second quarter 2025 earnings results after the market closes on Thursday, July 31 which will be available on the Company website at investors.skywardinsurance.com/ under Quarterly Results.

    Skyward Specialty will host its earnings call to review the second quarter 2025 financial results on Friday, August 1 at 9:30 a.m. EST.

    Investors may access the live audio webcast via the link on the Company’s investor site at investors.skywardinsurance.com/ under Events & Presentations. Additionally, investors can access the earnings call via conference call by registering via the conference link. Users will receive dial-in information and a unique PIN to join the call upon registering.

    A webcast replay will be available two hours following the call in the same location on the Company’s investor website.

    About Skyward Specialty

    Skyward Specialty (Nasdaq: SKWD) is a rapidly growing and innovative specialty insurance company, delivering commercial property and casualty products and solutions on a non-admitted and admitted basis. The Company operates through nine underwriting divisions – Accident & Health, Agriculture and Credit (Re)insurance, Captives, Construction & Energy Solutions, Global Property, Professional Lines, Specialty Programs, Surety, and Transactional E&S.

    Skyward Specialty’s subsidiary insurance companies consist of Great Midwest Insurance Company, Houston Specialty Insurance Company, Imperium Insurance Company, and Oklahoma Specialty Insurance Company. These insurance companies are rated A (Excellent) with a stable outlook by A.M. Best Company. For more information about Skyward Specialty, its people, and its products, please visit skywardinsurance.com.

    For investor relations information contact:

    Natalie Schoolcraft
    nschoolcraft@skywardinsurance.com
    614-494-4988

    The MIL Network –

  • MIL-OSI: Skyward Specialty to Host Second Quarter 2025 Earnings Call Friday, August 1, 2025

    Source: GlobeNewswire (MIL-OSI)

    HOUSTON, July 17, 2025 (GLOBE NEWSWIRE) — Skyward Specialty Insurance Group, Inc.™ (NASDAQ: SKWD) (“Skyward Specialty” or “the Company”) expects to issue its second quarter 2025 earnings results after the market closes on Thursday, July 31 which will be available on the Company website at investors.skywardinsurance.com/ under Quarterly Results.

    Skyward Specialty will host its earnings call to review the second quarter 2025 financial results on Friday, August 1 at 9:30 a.m. EST.

    Investors may access the live audio webcast via the link on the Company’s investor site at investors.skywardinsurance.com/ under Events & Presentations. Additionally, investors can access the earnings call via conference call by registering via the conference link. Users will receive dial-in information and a unique PIN to join the call upon registering.

    A webcast replay will be available two hours following the call in the same location on the Company’s investor website.

    About Skyward Specialty

    Skyward Specialty (Nasdaq: SKWD) is a rapidly growing and innovative specialty insurance company, delivering commercial property and casualty products and solutions on a non-admitted and admitted basis. The Company operates through nine underwriting divisions – Accident & Health, Agriculture and Credit (Re)insurance, Captives, Construction & Energy Solutions, Global Property, Professional Lines, Specialty Programs, Surety, and Transactional E&S.

    Skyward Specialty’s subsidiary insurance companies consist of Great Midwest Insurance Company, Houston Specialty Insurance Company, Imperium Insurance Company, and Oklahoma Specialty Insurance Company. These insurance companies are rated A (Excellent) with a stable outlook by A.M. Best Company. For more information about Skyward Specialty, its people, and its products, please visit skywardinsurance.com.

    For investor relations information contact:

    Natalie Schoolcraft
    nschoolcraft@skywardinsurance.com
    614-494-4988

    The MIL Network –

  • MIL-OSI: Vimeo to Report Q2 2025 Earnings and Host Earnings Video Event on August 4, 2025

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, July 17, 2025 (GLOBE NEWSWIRE) — Vimeo, Inc. (NASDAQ: VMEO) today announced the date for its second quarter 2025 earnings report and earnings video event. After the close of market trading on Monday, August 4, 2025, Vimeo will post its results on the Investor Relations section of its website at https://www.vimeo.com/investors. On the same day, at 5:00 p.m. ET, Vimeo will livestream a video conference to answer questions. The live stream and replay of the video will be accessible to the public at https://www.vimeo.com/investors.

    About Vimeo:

    Vimeo (NASDAQ: VMEO) is the world’s most innovative video experience platform. We enable anyone to create high-quality video experiences to better connect and bring ideas to life. We proudly serve our community of millions of users – from creative storytellers to globally distributed teams at the world’s largest companies – whose videos receive billions of views each month. Learn more at www.vimeo.com.

    Contact Us

    Vimeo Investor Relations
    ir@vimeo.com

    Vimeo Communications
    Frank Filiatrault
    press@vimeo.com

    The MIL Network –

  • MIL-OSI: Form 8.3 – [MARLOWE PLC – 16 07 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    		 MARLOWE 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    		 16 JULY 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”    		 NO

    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: 50p ORDINARY
      Interests Short positions
    Number % Number %
    (1)   Relevant securities owned and/or controlled: 3,008,608 3.8315    
    (2)   Cash-settled derivatives:        
    (3)   Stock-settled derivatives (including options) and agreements to purchase/sell:        
    TOTAL: 3,008,608 3.8315    

    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
    50p ORDINARY SALE 4,445 437.6p

    (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: 17 JULY 2025
    Contact name: MARK ELLIOTT
    Telephone number: 01253 376539

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

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

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

    The MIL Network –

  • MIL-OSI: Form 8.3 – [MARLOWE PLC – 16 07 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    		 MARLOWE 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    		 16 JULY 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”    		 NO

    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: 50p ORDINARY
      Interests Short positions
    Number % Number %
    (1)   Relevant securities owned and/or controlled: 3,008,608 3.8315    
    (2)   Cash-settled derivatives:        
    (3)   Stock-settled derivatives (including options) and agreements to purchase/sell:        
    TOTAL: 3,008,608 3.8315    

    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
    50p ORDINARY SALE 4,445 437.6p

    (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: 17 JULY 2025
    Contact name: MARK ELLIOTT
    Telephone number: 01253 376539

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

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

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

    The MIL Network –

  • MIL-OSI: Form 8.3 – [MARLOWE PLC – 16 07 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    		 MARLOWE 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    		 16 JULY 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”    		 NO

    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: 50p ORDINARY
      Interests Short positions
    Number % Number %
    (1)   Relevant securities owned and/or controlled: 3,008,608 3.8315    
    (2)   Cash-settled derivatives:        
    (3)   Stock-settled derivatives (including options) and agreements to purchase/sell:        
    TOTAL: 3,008,608 3.8315    

    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
    50p ORDINARY SALE 4,445 437.6p

    (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: 17 JULY 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: Remittix Announces Q3 Launch of Cross-Border Crypto Wallet Following $16M+ Raised in Presale

    Source: GlobeNewswire (MIL-OSI)

    KOŠICE, Slovakia, July 17, 2025 (GLOBE NEWSWIRE) — Remittix, the blockchain-powered remittance platform, has announced the upcoming public release of its flagship crypto-to-fiat wallet in Q3 2025. This marks a major milestone for the project, which has already raised over $16 million in its ongoing token presale and distributed more than 551 million RTX tokens.

    Designed to solve long-standing challenges in international money transfers, the Remittix wallet enables users to convert crypto assets into local fiat currencies and send funds to over 30 countries in under 24 hours. The platform supports 40+ cryptocurrencies and 30+ fiat currencies, aiming to bridge blockchain infrastructure with traditional financial systems.

    “With the Remittix wallet, we’re not just launching another crypto app—we’re delivering real financial tools for real people,” said a Remittix spokesperson. “Whether it’s a freelancer in the Philippines or a merchant in Nigeria, our mission is to make global payments faster, cheaper, and borderless.”

    Key Features of the Upcoming Wallet:

    • Instant Swap and FX Conversion: Swap major cryptocurrencies and automatically convert to supported local currencies.
    • Bank Withdrawals: Direct send-to-bank features available in 30+ countries.
    • Privacy Focused: No IP logging and minimal KYC requirements for small transactions.
    • Business Tools Coming Soon: APIs for merchant payments and crypto invoicing.

    The project’s infrastructure has passed a full smart contract audit by CertiK, ensuring transparency and user safety. In anticipation of the wallet’s release, the Remittix presale is approaching its $18 million soft cap, with an active 50% token bonus still available for early participants.

    Analysts on platforms like Binance Square and CoinCentral, have noted that Remittix’s approach to integrating blockchain with cross-border payments is attracting increased interest, particularly from users in underserved financial regions.

    In support of its growing community, Remittix has also launched a $250,000 giveaway campaign to reward early supporters and raise awareness ahead of the product’s release.

    About Remittix

    Remittix is a next-generation remittance and payment solution built on blockchain technology. It aims to remove friction from cross-border payments and provide a faster, lower-cost alternative to traditional remittance channels. The platform’s native token, RTX, powers transaction fees, staking rewards, and upcoming DeFi-based payment utilities.

    To learn more about Remittix or to participate in the presale, visit:
    Website: https://remittix.io
    Linktree: https://linktr.ee/remittix
    Giveaway: https://gleam.io/competitions/nz84L-250000-remittix-giveaway

    Contact:
    Andy Černý
    andy@remittix.io

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

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

    Photos accompanying this announcement are available at:

    https://www.globenewswire.com/NewsRoom/AttachmentNg/1ad7ffc9-ce17-4fc7-9caa-8e1f0e069df5

    https://www.globenewswire.com/NewsRoom/AttachmentNg/da7cee58-8c8a-48c1-b6a6-a601c69d5ab4

    https://www.globenewswire.com/NewsRoom/AttachmentNg/ce5ba15c-084e-4c2f-85b9-35e336d04414

    https://www.globenewswire.com/NewsRoom/AttachmentNg/dadd2433-0912-4981-8839-af3a9525509a

    The MIL Network –

  • MIL-OSI: Remittix Announces Q3 Launch of Cross-Border Crypto Wallet Following $16M+ Raised in Presale

    Source: GlobeNewswire (MIL-OSI)

    KOŠICE, Slovakia, July 17, 2025 (GLOBE NEWSWIRE) — Remittix, the blockchain-powered remittance platform, has announced the upcoming public release of its flagship crypto-to-fiat wallet in Q3 2025. This marks a major milestone for the project, which has already raised over $16 million in its ongoing token presale and distributed more than 551 million RTX tokens.

    Designed to solve long-standing challenges in international money transfers, the Remittix wallet enables users to convert crypto assets into local fiat currencies and send funds to over 30 countries in under 24 hours. The platform supports 40+ cryptocurrencies and 30+ fiat currencies, aiming to bridge blockchain infrastructure with traditional financial systems.

    “With the Remittix wallet, we’re not just launching another crypto app—we’re delivering real financial tools for real people,” said a Remittix spokesperson. “Whether it’s a freelancer in the Philippines or a merchant in Nigeria, our mission is to make global payments faster, cheaper, and borderless.”

    Key Features of the Upcoming Wallet:

    • Instant Swap and FX Conversion: Swap major cryptocurrencies and automatically convert to supported local currencies.
    • Bank Withdrawals: Direct send-to-bank features available in 30+ countries.
    • Privacy Focused: No IP logging and minimal KYC requirements for small transactions.
    • Business Tools Coming Soon: APIs for merchant payments and crypto invoicing.

    The project’s infrastructure has passed a full smart contract audit by CertiK, ensuring transparency and user safety. In anticipation of the wallet’s release, the Remittix presale is approaching its $18 million soft cap, with an active 50% token bonus still available for early participants.

    Analysts on platforms like Binance Square and CoinCentral, have noted that Remittix’s approach to integrating blockchain with cross-border payments is attracting increased interest, particularly from users in underserved financial regions.

    In support of its growing community, Remittix has also launched a $250,000 giveaway campaign to reward early supporters and raise awareness ahead of the product’s release.

    About Remittix

    Remittix is a next-generation remittance and payment solution built on blockchain technology. It aims to remove friction from cross-border payments and provide a faster, lower-cost alternative to traditional remittance channels. The platform’s native token, RTX, powers transaction fees, staking rewards, and upcoming DeFi-based payment utilities.

    To learn more about Remittix or to participate in the presale, visit:
    Website: https://remittix.io
    Linktree: https://linktr.ee/remittix
    Giveaway: https://gleam.io/competitions/nz84L-250000-remittix-giveaway

    Contact:
    Andy Černý
    andy@remittix.io

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

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

    Photos accompanying this announcement are available at:

    https://www.globenewswire.com/NewsRoom/AttachmentNg/1ad7ffc9-ce17-4fc7-9caa-8e1f0e069df5

    https://www.globenewswire.com/NewsRoom/AttachmentNg/da7cee58-8c8a-48c1-b6a6-a601c69d5ab4

    https://www.globenewswire.com/NewsRoom/AttachmentNg/ce5ba15c-084e-4c2f-85b9-35e336d04414

    https://www.globenewswire.com/NewsRoom/AttachmentNg/dadd2433-0912-4981-8839-af3a9525509a

    The MIL Network –

  • MIL-OSI: SAVVY MINING launches a new free mining application platform – users get a stable income every day!

    Source: GlobeNewswire (MIL-OSI)

    New York City, NY, July 17, 2025 (GLOBE NEWSWIRE) — SAVVY MINING, the world’s leading cloud-based cryptocurrency mining company, announces the official launch of its revolutionary new free mobile app. The app redefines global digital asset mining by allowing users to easily start mining with a simple, sustainable and profitable solution that can be configured in just minutes.

    With this new mobile app, users can mine top cryptocurrencies without hardware costs or technical knowledge. Anyone can earn daily passive income directly from their phone securely and fully automatically.

    AI-Powered, 100% Green Energy, Efficient Operation
    At the heart of the SAVVY MINING mobile solution is an advanced AI engine that intelligently manages mining schedules. This technology increases efficiency tenfold while reducing operating costs. All mining activities are fully powered by renewable energy, minimizing environmental impact and helping investors strike a balance between profit and sustainable practices.

    Users benefit from continuous, automated mining. Profits are automatically generated once the app is activated. This makes it easier for both new and experienced investors to build a cryptocurrency portfolio.

    Diverse, investor-friendly mining contracts
    SAVVY MINING continues to lead the industry and provide flexible solutions to meet diverse investment needs. Here is a sample of the details of the currently available plans:
    ⦁ [Free Contract] Funds: 15 EUR, 1-day cycle, Funds + Income: 15.60 EUR
    ⦁ [Experience Contract] Funds: 100 EUR, 2-day cycle, Funds + Income: 107.32 EUR
    ⦁ [Standard Contract] Funds: 1,200 EUR, 12-day cycle, Funds + Income: 1,404.48 EUR
    ⦁ [Classic Contract] Funds: 3,000 EUR, 18-day cycle, Funds + Income: 3,783 EUR
    ⦁ [Premium Contract] Funds: 26,000 EUR, 42-day cycle, Funds + Income: 46,748 EUR
    ⦁ [Super Contract] Funds: 198,000 EUR, 45-day cycle, Funds + Income: 394,911 EUR

    (The platform offers a variety of stable income contracts. For more information, visit the official website.)

    Get started quickly and seamlessly with passive income
    SAVVY MINING makes getting started easy and convenient. Here’s how:

    1. Download the app now: SAVVY MINING is available for iOS and Android.
    2. Register in seconds: Sign up with your email address, no long forms to fill out.
    3. Start now: Activate mining with a tap; the app connects to powerful global computing resources.
    4. Daily earnings: Your earnings are calculated daily and transferred instantly to your personal wallet.
    5. Boost your earnings: Share your referral code to unlock bonus points and extra cashback.

    Advanced features for modern crypto enthusiasts
    The SAVVY MINING platform offers advanced features for increased security and profitability:
    $1.15 Welcome Bonus: New users get a $15 bonus when they sign up, and get an immediate $0.60 daily earnings.
    2. Fully remote control: monitor and manage your mining activities anytime, anywhere.
    3. Secure: McAfee® and Cloudflare® provide industry-leading security to protect every transaction.
    4. 24/7 global mining: continuous mining and multi-lingual customer support.
    5. Rich contract types: from short-term trials to complex long-term plans, we have a contract that suits you.

    Get ready for the next wave of cryptocurrency
    Market analysts predict that the price of Bitcoin may exceed $180,000. This shows that digital asset mining has a bright future. With more than 8 million users worldwide, SAVVY MINING is leading this change, providing innovative, transparent and smart systems to help users identify emerging trends.

    Join SAVVY MINING now
    SAVVY MINING is transforming cryptocurrency income into a simple, secure and sustainable direction. Whether you are a beginner or an experienced trader looking for automated growth, the free mobile platform provides you with the tools to accumulate real wealth without complex processes or initial hardware costs.

    Visit the official website now https://savvymining.com/ to learn more about mining contracts or start earning passive cryptocurrency income immediately.

    Contact email: info@savvymining.com

    Attachment

    The MIL Network –

  • MIL-OSI: SEON Named to CNBC’s World’s Top Fintech Companies 2025 for Third Consecutive Year

    Source: GlobeNewswire (MIL-OSI)

    AUSTIN, Texas, July 17, 2025 (GLOBE NEWSWIRE) — SEON, the command center for fraud prevention and compliance, today announced its inclusion on CNBC’s World’s Top Fintech Companies 2025 list for the third consecutive year. SEON was named in the Enterprise Fintech category alongside leading companies delivering innovative technology to financial institutions and digital businesses.

    “Three years of recognition from CNBC affirms that our approach to fraud prevention and AML compliance is fundamentally better,” said Tamas Kadar, Co-founder and CEO, SEON. “While other platforms rely on static defenses, our adaptive AI and 900+ real-time, first-party signals power a more agile solution, one that prevents fraud without compromising customer experience.”

    SEON’s platform delivers visibility that traditional fraud offerings miss by combining deep first-party data analysis with configurable rules and real-time decisioning. This approach empowers fraud and compliance teams to act faster, reduce false positives, and adapt to evolving threats, without disrupting customer journeys.

    The recognition comes amid continued strong global momentum for SEON, as the company expands its presence across the Americas, EMEA, and Asia-Pacific, and adds experienced leadership to support its growth.

    CNBC’s World’s Top Fintech Companies 2025 list evaluated more than 2,000 companies across seven market segments.

    About SEON
    SEON is the command center for fraud prevention and AML compliance, helping thousands of companies worldwide stop fraud, reduce risk and protect revenue. Powered by 900+ real-time, first-party data signals, SEON enriches customer profiles, flags suspicious behavior and streamlines compliance workflows. With integrated fraud and AML capabilities, SEON operates globally from Austin, London, Budapest and Singapore. Learn more at seon.io.

    Media Contact: press@seon.io

    The MIL Network –

  • MIL-OSI: SEON Named to CNBC’s World’s Top Fintech Companies 2025 for Third Consecutive Year

    Source: GlobeNewswire (MIL-OSI)

    AUSTIN, Texas, July 17, 2025 (GLOBE NEWSWIRE) — SEON, the command center for fraud prevention and compliance, today announced its inclusion on CNBC’s World’s Top Fintech Companies 2025 list for the third consecutive year. SEON was named in the Enterprise Fintech category alongside leading companies delivering innovative technology to financial institutions and digital businesses.

    “Three years of recognition from CNBC affirms that our approach to fraud prevention and AML compliance is fundamentally better,” said Tamas Kadar, Co-founder and CEO, SEON. “While other platforms rely on static defenses, our adaptive AI and 900+ real-time, first-party signals power a more agile solution, one that prevents fraud without compromising customer experience.”

    SEON’s platform delivers visibility that traditional fraud offerings miss by combining deep first-party data analysis with configurable rules and real-time decisioning. This approach empowers fraud and compliance teams to act faster, reduce false positives, and adapt to evolving threats, without disrupting customer journeys.

    The recognition comes amid continued strong global momentum for SEON, as the company expands its presence across the Americas, EMEA, and Asia-Pacific, and adds experienced leadership to support its growth.

    CNBC’s World’s Top Fintech Companies 2025 list evaluated more than 2,000 companies across seven market segments.

    About SEON
    SEON is the command center for fraud prevention and AML compliance, helping thousands of companies worldwide stop fraud, reduce risk and protect revenue. Powered by 900+ real-time, first-party data signals, SEON enriches customer profiles, flags suspicious behavior and streamlines compliance workflows. With integrated fraud and AML capabilities, SEON operates globally from Austin, London, Budapest and Singapore. Learn more at seon.io.

    Media Contact: press@seon.io

    The MIL Network –

  • MIL-OSI: SEON Named to CNBC’s World’s Top Fintech Companies 2025 for Third Consecutive Year

    Source: GlobeNewswire (MIL-OSI)

    AUSTIN, Texas, July 17, 2025 (GLOBE NEWSWIRE) — SEON, the command center for fraud prevention and compliance, today announced its inclusion on CNBC’s World’s Top Fintech Companies 2025 list for the third consecutive year. SEON was named in the Enterprise Fintech category alongside leading companies delivering innovative technology to financial institutions and digital businesses.

    “Three years of recognition from CNBC affirms that our approach to fraud prevention and AML compliance is fundamentally better,” said Tamas Kadar, Co-founder and CEO, SEON. “While other platforms rely on static defenses, our adaptive AI and 900+ real-time, first-party signals power a more agile solution, one that prevents fraud without compromising customer experience.”

    SEON’s platform delivers visibility that traditional fraud offerings miss by combining deep first-party data analysis with configurable rules and real-time decisioning. This approach empowers fraud and compliance teams to act faster, reduce false positives, and adapt to evolving threats, without disrupting customer journeys.

    The recognition comes amid continued strong global momentum for SEON, as the company expands its presence across the Americas, EMEA, and Asia-Pacific, and adds experienced leadership to support its growth.

    CNBC’s World’s Top Fintech Companies 2025 list evaluated more than 2,000 companies across seven market segments.

    About SEON
    SEON is the command center for fraud prevention and AML compliance, helping thousands of companies worldwide stop fraud, reduce risk and protect revenue. Powered by 900+ real-time, first-party data signals, SEON enriches customer profiles, flags suspicious behavior and streamlines compliance workflows. With integrated fraud and AML capabilities, SEON operates globally from Austin, London, Budapest and Singapore. Learn more at seon.io.

    Media Contact: press@seon.io

    The MIL Network –

  • MIL-OSI: Microchip Enters into Partnership Agreement with Delta Electronics on Silicon Carbide Solutions for the Future of Power Management

    Source: GlobeNewswire (MIL-OSI)

    CHANDLER, Ariz., July 17, 2025 (GLOBE NEWSWIRE) — The growth of artificial intelligence (AI) and the electrification of everything are driving an ever-increasing demand for higher levels of power efficiency and reliability. Microchip Technology (Nasdaq: MCHP) today announces that under a new partnership agreement with Delta Electronics, Inc. (later referred to as “Delta Electronics”), a global leader in power management and smart green solutions, the companies will collaborate to use Microchip’s mSiC™ products and technology in Delta’s designs. The synergies between the companies aim to accelerate the development of innovative SiC solutions, energy-saving products and systems that enable a more sustainable future.

    “SiC is increasingly important in sustainable power solutions because of its wide-bandgap properties, which enable smaller and more efficient designs for high-voltage, high-power applications at a lower system cost,” said Clayton Pillion, vice president of Microchip’s high-power solutions business unit. “We look forward to forging an impactful path with Delta Electronics on innovating SiC solutions to meet the rising demand of the electrification of everything.”

    As a global leader in power management, Delta advances its core competence in high-efficiency power electronics and continuously evaluates and leverages next-generation technologies to enhance the energy efficiency of its products and solutions. Delta intends to leverage Microchip’s abundant experience and advanced technology in SiC and digital control to accelerate time to market of its solutions for high-growth market segments such as AI, mobility, automation and infrastructure.

    This agreement prioritizes the companies’ resources to validate Microchip’s mSiC solutions to fast-track implementation in Delta’s designs and programs. Other key advantages of the agreement are top-tier design support to include technical training, insight into R&D activities and early access to product samples.

    With over 20 years of experience in the development, design, manufacturing and support of SiC devices and power solutions, Microchip helps customers adopt SiC with ease, speed and confidence. Microchip’s mSiC products include SiC MOSFETS, diodes and gate drivers with standard, modified and custom options. To learn more about Microchip’s mSiC solutions, visit the web page.

    For more information about Delta Electronics, visit the company’s website.

    Resources

    High-res images available through Flickr or editorial contact (feel free to publish):

    About Microchip Technology:
    Microchip Technology Inc. is a leading provider of smart, connected and secure embedded control and processing solutions. Its easy-to-use development tools and comprehensive product portfolio enable customers to create optimal designs which reduce risk while lowering total system cost and time to market. The company’s solutions serve over 100,000 customers across the industrial, automotive, consumer, aerospace and defense, communications and computing markets. Headquartered in Chandler, Arizona, Microchip offers outstanding technical support along with dependable delivery and quality. For more information, visit the Microchip website at www.microchip.com.

    Note: The Microchip name and logo, the Microchip logo are registered trademarks of Microchip Technology Incorporated in the U.S.A. and other countries. mSiC is a trademark of Microchip Technology Inc. in the U.S.A. and other countries. All other trademarks mentioned herein are the property of their respective companies.

    The MIL Network –

  • MIL-OSI: Upexi Announces Closing of Approximately $150 Million Private Placement of Convertible Notes as Part of Previously Announced $200 Million Concurrent Offering

    Source: GlobeNewswire (MIL-OSI)

    TAMPA, Fla., July 17, 2025 (GLOBE NEWSWIRE) — Upexi, Inc. (NASDAQ: UPXI) (the “Company” or “Upexi”), a brand owner specializing in the development, manufacturing and distribution of consumer products with diversification into the cryptocurrency space, today announced the closing of a private placement convertible note offering, with such convertible notes issued in exchange for locked and spot Solana (“SOL”), with an aggregate original principal amount of approximate $150 million (the “Note Offering”) with certain institutional investors and qualified purchasers.

    The closing of the Note Offering alongside the previously disclosed $50 million private placement of common stock (the “Equity Offering”) resulted in approximately $200 Million of gross proceeds to the Company before deducting placement agent fees and other offering expenses.  

    The Convertible Notes are collateralized by SOL provided by the respective holders. The Convertible Notes have an interest rate of 2.0% payable on a quarterly basis, a fixed conversion price of $4.25 per share and maturity of 24 months.

    Big Brain Holdings acted as the lead investor in the Note Offering alongside additional institutional investors.

    The SOL underlying the Note Offering became part of the Company’s Solana treasury upon closing. The Company has approximately 1.65 million SOL following the close of the Note Offering, more than doubling the previously disclosed balance of 735,692 SOL.

    A.G.P./Alliance Global Partners acted as the sole placement agent in connection with the offering.

    The offer and sale of the foregoing securities was made in a transaction not involving a public offering, and the securities have not been registered under the Securities Act of 1933, as amended (the “Securities Act”), or applicable state securities laws. Accordingly, the securities may not be offered or sold in the United States except pursuant to an effective registration statement or an applicable exemption from the registration requirements of the Securities Act and such applicable state securities laws.

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

    About Upexi, Inc.
    Upexi is a brand owner specializing in the development, manufacturing, and distribution of consumer products. The Company has entered the cryptocurrency industry and cash management of assets through a cryptocurrency portfolio. For more information on Upexi’s treasury strategy and future developments, visit www.upexi.com.

    Follow Upexi on X – https://twitter.com/upexitreasury
    Follow CEO, Allan Marshall, on X – https://x.com/marshall_a22015
    Follow CSO, Brian Rudick, on X – https://x.com/thetinyant

    Company Contact
    Brian Rudick, Chief Strategy Officer
    Email:brian.rudick@upexi.com
    Phone: (216) 347-0473

    Media Contact
    Gasthalter & Co.
    Upexi@gasthalter.com

    Investor Relations Contact
    KCSA Strategic Communications
    Valter Pinto, Managing Director
    Email: Upexi@KCSA.com
    Phone: (212) 896-1254

    The MIL Network –

  • MIL-OSI: Upexi Announces Closing of Approximately $150 Million Private Placement of Convertible Notes as Part of Previously Announced $200 Million Concurrent Offering

    Source: GlobeNewswire (MIL-OSI)

    TAMPA, Fla., July 17, 2025 (GLOBE NEWSWIRE) — Upexi, Inc. (NASDAQ: UPXI) (the “Company” or “Upexi”), a brand owner specializing in the development, manufacturing and distribution of consumer products with diversification into the cryptocurrency space, today announced the closing of a private placement convertible note offering, with such convertible notes issued in exchange for locked and spot Solana (“SOL”), with an aggregate original principal amount of approximate $150 million (the “Note Offering”) with certain institutional investors and qualified purchasers.

    The closing of the Note Offering alongside the previously disclosed $50 million private placement of common stock (the “Equity Offering”) resulted in approximately $200 Million of gross proceeds to the Company before deducting placement agent fees and other offering expenses.  

    The Convertible Notes are collateralized by SOL provided by the respective holders. The Convertible Notes have an interest rate of 2.0% payable on a quarterly basis, a fixed conversion price of $4.25 per share and maturity of 24 months.

    Big Brain Holdings acted as the lead investor in the Note Offering alongside additional institutional investors.

    The SOL underlying the Note Offering became part of the Company’s Solana treasury upon closing. The Company has approximately 1.65 million SOL following the close of the Note Offering, more than doubling the previously disclosed balance of 735,692 SOL.

    A.G.P./Alliance Global Partners acted as the sole placement agent in connection with the offering.

    The offer and sale of the foregoing securities was made in a transaction not involving a public offering, and the securities have not been registered under the Securities Act of 1933, as amended (the “Securities Act”), or applicable state securities laws. Accordingly, the securities may not be offered or sold in the United States except pursuant to an effective registration statement or an applicable exemption from the registration requirements of the Securities Act and such applicable state securities laws.

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

    About Upexi, Inc.
    Upexi is a brand owner specializing in the development, manufacturing, and distribution of consumer products. The Company has entered the cryptocurrency industry and cash management of assets through a cryptocurrency portfolio. For more information on Upexi’s treasury strategy and future developments, visit www.upexi.com.

    Follow Upexi on X – https://twitter.com/upexitreasury
    Follow CEO, Allan Marshall, on X – https://x.com/marshall_a22015
    Follow CSO, Brian Rudick, on X – https://x.com/thetinyant

    Company Contact
    Brian Rudick, Chief Strategy Officer
    Email:brian.rudick@upexi.com
    Phone: (216) 347-0473

    Media Contact
    Gasthalter & Co.
    Upexi@gasthalter.com

    Investor Relations Contact
    KCSA Strategic Communications
    Valter Pinto, Managing Director
    Email: Upexi@KCSA.com
    Phone: (212) 896-1254

    The MIL Network –

  • MIL-OSI: Upexi Announces Closing of Approximately $150 Million Private Placement of Convertible Notes as Part of Previously Announced $200 Million Concurrent Offering

    Source: GlobeNewswire (MIL-OSI)

    TAMPA, Fla., July 17, 2025 (GLOBE NEWSWIRE) — Upexi, Inc. (NASDAQ: UPXI) (the “Company” or “Upexi”), a brand owner specializing in the development, manufacturing and distribution of consumer products with diversification into the cryptocurrency space, today announced the closing of a private placement convertible note offering, with such convertible notes issued in exchange for locked and spot Solana (“SOL”), with an aggregate original principal amount of approximate $150 million (the “Note Offering”) with certain institutional investors and qualified purchasers.

    The closing of the Note Offering alongside the previously disclosed $50 million private placement of common stock (the “Equity Offering”) resulted in approximately $200 Million of gross proceeds to the Company before deducting placement agent fees and other offering expenses.  

    The Convertible Notes are collateralized by SOL provided by the respective holders. The Convertible Notes have an interest rate of 2.0% payable on a quarterly basis, a fixed conversion price of $4.25 per share and maturity of 24 months.

    Big Brain Holdings acted as the lead investor in the Note Offering alongside additional institutional investors.

    The SOL underlying the Note Offering became part of the Company’s Solana treasury upon closing. The Company has approximately 1.65 million SOL following the close of the Note Offering, more than doubling the previously disclosed balance of 735,692 SOL.

    A.G.P./Alliance Global Partners acted as the sole placement agent in connection with the offering.

    The offer and sale of the foregoing securities was made in a transaction not involving a public offering, and the securities have not been registered under the Securities Act of 1933, as amended (the “Securities Act”), or applicable state securities laws. Accordingly, the securities may not be offered or sold in the United States except pursuant to an effective registration statement or an applicable exemption from the registration requirements of the Securities Act and such applicable state securities laws.

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

    About Upexi, Inc.
    Upexi is a brand owner specializing in the development, manufacturing, and distribution of consumer products. The Company has entered the cryptocurrency industry and cash management of assets through a cryptocurrency portfolio. For more information on Upexi’s treasury strategy and future developments, visit www.upexi.com.

    Follow Upexi on X – https://twitter.com/upexitreasury
    Follow CEO, Allan Marshall, on X – https://x.com/marshall_a22015
    Follow CSO, Brian Rudick, on X – https://x.com/thetinyant

    Company Contact
    Brian Rudick, Chief Strategy Officer
    Email:brian.rudick@upexi.com
    Phone: (216) 347-0473

    Media Contact
    Gasthalter & Co.
    Upexi@gasthalter.com

    Investor Relations Contact
    KCSA Strategic Communications
    Valter Pinto, Managing Director
    Email: Upexi@KCSA.com
    Phone: (212) 896-1254

    The MIL Network –

  • MIL-OSI: Pacific Sun Packaging, a Subsidiary of PMGC Holdings, Announces Attendance at 2025 ITAD Summit to Showcase Custom Protective Packaging for Enterprise IT Hardware

    Source: GlobeNewswire (MIL-OSI)

    • Serving Data Centers, ITAD Firms, and OEMs with U.S.-Engineered, High-Precision Solutions
    • Showcasing U.S. designed Protective Packaging Built for Data Centers and Circular IT

    NEWPORT BEACH, Calif., July 17, 2025 (GLOBE NEWSWIRE) — Pacific Sun Packaging Inc., a subsidiary of PMGC Holdings Inc. (NASDAQ: ELAB) (the “Company,” “PMGC,” “we,” or “our”), a leader in high-precision, component-specific packaging for IT and electronics hardware, is pleased to announce its participation in the 2025 ITAD Summit in Las Vegas, Nevada, marking the company’s first appearance at the event. The company will exhibit at Booth A07 on July 29 – 30, 2025 at The Bellagio, Las Vegas, NV

    Founded in 2011, Pacific Sun Packaging specializes in custom-engineered solutions to protect delicate IT components, including CPUs, DIMMs, SSDs, HDDs, and fiber-optic modules throughout storage, transport, and resale. The company’s solutions are widely used by OEMs, data centers, and ITAD firms requiring packaging that meets rigorous standards for ESD safety, dimensional precision, and supply chain durability.

    “As the ITAD and data center industries evolve, packaging needs have become more technical and more critical,” said Mike Kerzie, Chief Executive Officer at Pacific Sun Packaging. “We’re proud to bring our U.S.-made, enterprise-grade packaging solutions to the summit and support the circular IT economy.”

    The summit provides an opportunity for Pacific Sun to reconnect with its existing customer base primarily in data center operations and build relationships with new partners in the IT lifecycle management space. Known for its fast design cycles and scalable production, the company offers tailored packaging strategies that enhance resale value, reduce returns, and streamline integration.

    Visit Pacific Sun Packaging at Booth A07 to explore how precision-engineered packaging solutions can improve your asset protection strategy.

    About Pacific Sun Packaging Inc.

    Founded in 2011, Pacific Sun Packaging Inc. is a specialty packaging provider focused on high-precision, component-level packaging solutions for the electronics and information technology (IT) hardware industries. The company’s solutions are trusted by OEMs, distributors, and contract manufacturers across the semiconductor, data center, and networking supply chains. Headquartered in San Clemente, California, Pacific Sun delivers reliable, scalable packaging built in America.

    About PMGC Holdings Inc.

    PMGC Holdings Inc. is a diversified holding company that manages and grows its portfolio through strategic acquisitions, investments, and development across various industries. We are committed to exploring opportunities in multiple sectors to maximize growth and value. For more information, please visit https://www.pmgcholdings.com.

    Forward-Looking Statements

    Statements contained in this press release regarding matters that are not historical facts are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. Words such as “believes,” “expects,” “plans,” “potential,” “would” and “future” or similar expressions such as “look forward” are intended to identify forward-looking statements. Forward-looking statements are made as of the date of this press release and are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy, activities of regulators and future regulations and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results. Therefore, you should not rely on any of these forward-looking statements. These and other risks are described more fully in PMGC’s filings with the United States Securities and Exchange Commission (“SEC”), including the “Risk Factors” section of the Company’s Annual Report on Form 10-K for the year ended December 31, 2024, filed with the SEC on March 28, 2025, and its other documents subsequently filed with or furnished to the SEC. Investors and security holders are urged to read these documents free of charge on the SEC’s web site at www.sec.gov. All forward-looking statements contained in this press release speak only as of the date on which they were made. Except to the extent required by law, the Company undertakes no obligation to update such statements to reflect events that occur or circumstances that exist after the date on which they were made.

    Investor Relations Contact:

    IR@pmgcholdings.com

    The MIL Network –

  • MIL-OSI: PubMatic Launches AI-Powered Live Sports Marketplace with Real-Time Game Moment Curation, FanServ Joins as Premier Partner

    Source: GlobeNewswire (MIL-OSI)

    REDWOOD CITY, Calif., July 17, 2025 (GLOBE NEWSWIRE) — PubMatic (Nasdaq: PUBM), the independent technology company delivering digital advertising’s supply chain of the future, today launched an AI-powered Live Sports Marketplace that enables advertisers to target specific game moments across streaming platforms in real-time. This breakthrough proprietary technology analyzes live game data, offering granular event-level curation and real-time access to premium live sports ad inventory.

    The Live Sports Marketplace launches with FanServ as its premier partner, providing immediate access to premium NBA, WNBA, MLB, NHL and National Women’s Soccer League inventory, including exclusive local programming for the Minnesota Twins, Colorado Rockies, and Cleveland Guardians. This partnership is a pivotal step in unifying and expanding access to premium live sports inventory across the digital ecosystem.

    “FanServ was built by fans, for fans, and now, with PubMatic, we’re redefining how brands reach and engage fans through programmatic sports advertising. This partnership is about more than just access, it’s about precision and possibility,” stated Brad Friedman, CEO of FanServ. “By combining FanServ’s deep sports expertise with PubMatic’s unique event-level curation, we’re empowering brands to connect meaningfully at the exact moments that matter most, across every platform they love,” added Ben Goodfriend, VP of Demand Partnerships.

    The Live Sports Marketplace launches with substantial momentum, building on PubMatic’s sports advertising business where live sports activity has more than tripled in the first half of 2025 compared to the same period in 2024. The company exceeded its entire 2024 live sports activity in just the first six months of 2025, positioning it to more than double last year’s performance and demonstrating explosive market demand for precision-targeted live sports solutions. Beyond FanServ’s premium inventory, the marketplace provides unified access to major publishers including MLB, FuboTV, DirecTV, Spectrum Reach, and Roku, and covers comprehensive sports content from major leagues (MLB, NBA & WNBA, NHL, MLS) to alternative sports (surfing, pickleball, MMA, FIFA, NASCAR & F1, tennis, golf, cricket) and NCAA college athletics. The company has recently monetized CTV inventory for the official FIFA Club World Cup, which took place from June 19 to July 17.

    Currently, traditional programmatic sports buying often fails to distinguish between low- and high-engagement moments, leading to wasted impressions during less impactful periods, such as commercial breaks in lopsided games, while missing opportunities to reach audiences during the most valuable, high-attention moments. The marketplace addresses these and other critical pain points, including fragmented streaming and under-monetized inventory, limited targeted precision across live events, and the technical complexities of managing unpredictable viewership spikes and behaviors. The Live Sports Marketplace enables advertisers and publishers to unlock the full value of live sports audiences through:

    • Industry-First Event- and Channel-Level Precision: PubMatic’s proprietary AI enables advertisers to target specific games, teams, or even high-impact moments, across a fragmented streaming landscape, maximizing relevance and engagement for every campaign.
    • Dynamic Scheduling & Real-Time Packaging: By importing and analyzing live TV schedules from all partners, the marketplace uses up-to-the-minute sports schedules, ensuring brands can target the right moments as they happen across all publishers.
    • Expert Management of Live Spikes: PubMatic’s owned-and-operated infrastructure can expertly manage unpredictable spikes in live viewership, with the potential for separate endpoints for DSPs dedicated to live sports, ensuring seamless, reliable ad delivery at scale, even during the most high-demand moments.
    • Scalability and Automation Roadmap: The platform is designed to provide both immediate manual flexibility and future automation, supporting scalable, automated deal creation and reporting. This ensures that both buyers and sellers can benefit from streamlined workflows and real-time insights as the market evolves.

    “This revolutionary technology and premium partnership with FanServ transforms fragmented live sports inventory into programmatically accessible, of-the-moment opportunities, setting a new standard for precision and impact in digital sports advertising,” stated Nicole Scaglione, VP of CTV and Online Video at PubMatic.

    According to eMarketer, 114.1 million people are projected to watch live sports digitally in 2025, compared to 82.0 million via traditional TV. As audiences migrate to streaming and connected devices, there is a real need for real-time, precise, and scalable ad delivery during unpredictable, high-attention moments. With the Live Sports Marketplace, PubMatic delivers the precision, speed and reliability advertisers need to succeed.

    To learn more about the Live Sports Marketplace and how it can elevate your live digital advertising strategy, please visit www.pubmatic.com/live-sports

    About Fanserv:
    Fanserv pairs the power of sports with the promise of digital by unifying inventory, enabling granular targeting, and providing unparalleled analytics. As the exclusive monetization partner for premiere teams, leagues, and federations, Fanserv delivers seamless monetization solutions purpose-built for live sports.

    About PubMatic:
    PubMatic (Nasdaq: PUBM) is an independent technology company maximizing customer value by delivering digital advertising’s supply chain of the future. PubMatic’s sell-side platform empowers the world’s leading digital content creators across the open internet to control access to their inventory and increase monetization by enabling marketers to drive return on investment and reach addressable audiences across ad formats and devices. Since 2006, our infrastructure-driven approach has allowed for the efficient processing and utilization of data in real time. By delivering scalable and flexible programmatic innovation, we improve outcomes for our customers while championing a vibrant and transparent digital advertising supply chain.

    Press Contact:
    Ashley Jacobson, Director of Corporate Marketing, press@pubmatic.com
    Broadsheet Communications for PubMatic, pubmaticteam@broadsheetcomms.com

    The MIL Network –

  • MIL-OSI: Aemetis India Appoints Chief Financial Officer

    Source: GlobeNewswire (MIL-OSI)

    CUPERTINO, Calif., July 17, 2025 (GLOBE NEWSWIRE) — Aemetis, Inc. (NASDAQ: AMTX), a renewable natural gas and biofuels company, announced today that its India subsidiary, Universal Biofuels, appointed Anjaneyulu Ganji as Chief Financial Officer, commencing responsibilities on July 17, 2025. 

    “The growing India economy has increased demand for energy, including biodiesel, ethanol, and compressed natural gas,” stated Sanjeev Duggal, Managing Director of Universal Biofuels. “To lead the expansion of Universal, we are very pleased to have a high-quality executive such as Anjan (Anjaneyulu Ganji) join the company as we increase existing production as well as finance and build new biofuels projects.” 

    “Having completed initial public offerings and other financings for growth companies in India, including an IPO for a large dairy business, I am confident that the growing market in India creates opportunities for production expansion and investments in new markets,” said Anjaneyulu Ganji, Chief Financial Officer of Universal Biofuels. “The leadership team at Aemetis has shown its ability to manage opportunities in India and has built an excellent reputation for biofuel product delivery and quality. I am excited to join the team and look forward to many successes as we expand the company.” 

    Mr. Ganji was the Group Chief Financial Officer of Dodla Dairy Limited, a company with $450 million per year of current revenue headquartered in Hyderabad, India. At Dodla Dairy, he led the strategy, finance, secretarial, tax, and treasury operations of a multinational operation with 14 manufacturing plants across five countries. Dodla Dairy was the second largest private dairy in India prior to undertaking an Initial Public Offering (IPO) in 2021, which Mr. Ganji successfully managed with 45 times over-subscriptions CFO.

    Mr. Ganji was also the Group CFO for Marengo Asia Healthcare and was Global Head of Accounting and Controlling at Maersk Line GmbH (GSC), in charge of global finance, accounts, and finance transformation for $40 billion Maersk Line, Maersk Oil, Seago and Sealine. Previously, he was a DGM and finance controller at the $700 million TATA Cummins Ltd, responsible for the finance and accounts function for the India Parts Distribution Center. 

    Based in Hyderabad since 2007, the Universal Biofuels subsidiary of Aemetis built, owns, and operates an 80 million gallon per year production facility on the East Coast of India producing high quality biodiesel and refined glycerin. Universal Biofuels is expanding biofuels production as well as diversifying into ethanol and renewable natural gas production facilities.

    About Aemetis

    Headquartered in Cupertino, California, Aemetis is a renewable natural gas and biofuels company focused on the operation, acquisition, development, and commercialization of innovative technologies that lower fuel costs and reduce emissions. Founded in 2006, Aemetis is operating and actively expanding a California biogas digester network and pipeline system to convert dairy waste gas into Renewable Natural Gas. Aemetis owns and operates a 65 million gallon per year ethanol production facility in California’s Central Valley near Modesto that supplies about 80 dairies with animal feed. Aemetis owns and operates an 80 million gallon per year production facility on the East Coast of India producing high quality biodiesel and refined glycerin. Aemetis is developing a carbon sequestration well project and a renewable diesel fuel and SAF biorefinery in Riverbank, California. For additional information about Aemetis, please visit www.aemetis.com.

    Safe Harbor Statement

    This news release contains forward-looking statements, including statements regarding assumptions, projections, expectations, targets, intentions or beliefs about future events or other statements that are not historical facts. Forward-looking statements include, without limitation, projections of financial results in 2025 and future years; statements relating to the development, engineering, financing, construction and operation of the Aemetis ethanol, biogas, SAF and renewable diesel, biodiesel and carbon sequestration facilities; our ability to promote, develop, finance, and construct facilities to produce biogas, renewable fuels, and biochemicals; and statements about future market prices and results of government actions. Words or phrases such as “anticipates,” “may,” “will,” “should,” “believes,” “estimates,” “expects,” “intends,” “plans,” “predicts,” “projects,” “showing signs,” “targets,” “view,” “will likely result,” “will continue” or similar expressions are intended to identify forward-looking statements. These forward-looking statements are based on current assumptions and predictions and are subject to numerous risks and uncertainties. Actual results or events could differ materially from those set forth or implied by such forward-looking statements and related assumptions due to certain factors, including, without limitation, competition in the ethanol, biodiesel and other industries in which we operate, commodity market risks including those that may result from current weather conditions, financial market risks, customer adoption, counter-party risks, risks associated with changes to federal policy or regulation, and other risks detailed in our reports filed with the Securities and Exchange Commission, including our Annual Reports on Form 10-K, and in our other filings with the SEC. We are not obligated, and do not intend, to update any of these forward-looking statements at any time unless an update is required by applicable securities laws.

    Company Investor Relations

    Media Contact:
    Todd Waltz
    (408) 213-0940
    investors@aemetis.com

    External Investor Relations
    Contact:
    Kirin Smith
    PCG Advisory Group
    (646) 863-6519
    ksmith@pcgadvisory.com   

    The MIL Network –

  • MIL-OSI: Enphase Energy Begins Shipments of IQ Battery 5P with Higher Domestic Content to Meet New U.S. Federal Requirements

    Source: GlobeNewswire (MIL-OSI)

    FREMONT, Calif., July 17, 2025 (GLOBE NEWSWIRE) — Enphase Energy, Inc. (NASDAQ: ENPH), a global energy technology company and the world’s leading supplier of microinverter-based solar and battery systems, today announced initial shipments of the IQ® Battery 5P supplied from manufacturing facilities in the United States with higher domestic content than previous models. The higher domestic content batteries comply with the new requirement in the U.S. federal budget law, signed on July 4, 2025, which retroactively enforces a 45% U.S.-sourced materials threshold for solar and battery products starting June 16, 2025.

    To remain eligible for key federal tax incentives, products must meet this threshold, which will increase to 50% in 2026 and 55% in 2027, where it will remain in effect at that level thereafter. The new IQ Battery 5P units with “DOM” SKUs (IQBATTERY-5P-1P-NA-DOM) are being built now to meet these higher standards — not just for today’s 45% requirement, but also for all expected future thresholds — thanks to the substantial use of U.S.-sourced materials. These batteries are helping support American jobs and manufacturing, and a more resilient domestic supply chain.

    “Our customers consistently want Enphase for the seamless integration between their solar and storage systems,” said Joel McClure CEO of NexGen Solar, an installer of Enphase products in California. “The IQ Battery 5P’s modular design allows us to right-size each installation, and the increased domestic content helps customers comply with evolving federal requirements.”

    “Enphase continues to lead with reliable, high-performance energy storage solutions,” said Orlando Diaz, CEO of Planet Solar, an installer of Enphase products in Puerto Rico. “With the IQ Battery 5P now meeting the new federal domestic content requirements, our customers can benefit from lower costs on our offering with a product that’s built for resilience and long-term value.”

    The IQ Battery 5P is a modular design with a 5 kWh capacity and can be paired with Enphase IQ8™ Microinverters to provide homeowners with reliable electricity to use whenever they need it. Homeowners can also use the Enphase® App to monitor performance and intelligently manage their battery systems, including the self-consumption feature to reduce the use of electricity from the grid.

    “We’re pleased to begin U.S. shipments of the IQ Battery 5P with increased domestic content,” said Ken Fong, senior vice president and general manager of the Americas and APAC at Enphase Energy. “The IQ Battery 5P delivers top-tier performance, and now, with domestic content that meets the latest federal requirements, our installer partners are better positioned to enjoy the value of federal tax incentives, grow their businesses, and bring energy storage to more homes across the country.”

    Watch a video about Enphase’s manufacturing process in Texas here. For more information about the IQ Battery 5P, please visit the Enphase website.

    About Enphase Energy, Inc.

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

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

    Forward-Looking Statements

    This press release may contain forward-looking statements, including statements related to the expected capabilities and performance of Enphase Energy’s technology and products, including safety, quality, and reliability; and ability of the IQ Battery 5P to maximize the value of federal tax incentives. These forward-looking statements are based on Enphase Energy’s current expectations and inherently involve significant risks and uncertainties. Actual results and the timing of events could differ materially from those contemplated by these forward-looking statements as a result of such risks and uncertainties including those risks described in more detail in Enphase Energy’s most recently filed Quarterly Report on Form 10-Q, Annual Report on Form 10-K, and other documents filed by Enphase Energy from time to time with the SEC. Enphase Energy undertakes no duty or obligation to update any forward-looking statements contained in this release as a result of new information, future events or changes in its expectations, except as required by law.

    Contact:

    Enphase Energy

    press@enphaseenergy.com

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

    The MIL Network –

  • MIL-OSI: GigaCloud Technology Inc Brings Curated Showroom Spotlighting Strategic Brand Partnerships to 2025 Summer Las Vegas Market

    Source: GlobeNewswire (MIL-OSI)

    EL MONTE, Calif., July 17, 2025 (GLOBE NEWSWIRE) — GigaCloud Technology Inc. (Nasdaq: GCT) (“GigaCloud” or the “Company”), a pioneer of global end-to-end B2B ecommerce technology solutions for large parcel merchandise, today announced its participation in the upcoming Las Vegas Market, held from July 27 to 31 at the World Market Center.

    From its showroom at A610, the Company will showcase its signature product lines alongside a curated selection of partner products. Key highlights include:

    Christopher Knight Home Showcases Modern Take on Signature Collections

    The brand will present its signature product line focused on a more modern, consumer-driven aesthetic, delivering stylish, affordable furniture to today’s design-conscious shoppers.

    Collaboration with Purple®

    GigaCloud will be featured in Purple Innovation’s showroom at C1554. As an integrated partner, GigaCloud supports Purple through the Supplier Fulfilled Retailing® (SFR®) model, helping expand buyer reach through streamlined fulfillment operations. Attendees can see firsthand how GigaCloud’s solutions drive growth and efficiency for leading brands like Purple.

    Broader Expansion into Sleep Solutions

    As part of its growing footprint in sleep solutions, GigaCloud is now featuring new product offerings from key partners in its showroom:

    • Zinus – Featuring its new Dreamvibe line, designed for next-generation sleep comfort.
    • Nubba Sleep – An exclusive mattress line developed for the GigaCloud Marketplace.
    • Instant Comfort® – Presenting its collection of adjustable comfort smart beds.
    • House & Home – Spotlighting signature upholstered beds and bunkbeds.

    “We are thrilled to return to Las Vegas Market with an expanded product portfolio and an increasingly diverse partner network,” said Iman Schrock, President of GigaCloud. “As the B2B landscape continues to evolve, we remain committed to delivering solutions that simplify cross-border commerce, reduce partner costs, and enable scalable growth across the value chain.”

    Email hello@gigacloudtech.com to arrange a meeting or demo at GigaCloud’s showroom (Building A610) during Las Vegas Market, July 27-31.

    About Las Vegas Market

    Las Vegas Market is the premier home furnishings and gift market in the western U.S., presenting 3,500 brands across furniture, home décor, bedding and gift categories, in three permanent showroom buildings and a purpose-built exhibit hall. This dynamic market destination attracts buyers from all 50 states and more than 80 countries, offering unmatched opportunities for cross-category commerce among these industries. Owned and operated by ANDMORE℠, Las Vegas Market is held semi-annually at World Market Center Las Vegas. https://www.LasVegasMarket.com.

    About Purple 

    Purple, the leading premium mattress company with the #1 gel grid technology in the world, GelFlex® Grid, thoughtfully engineers products that make restorative sleep effortless for every kind of sleeper. The result of over 30 years of innovation and 150 issued patents in comfort technologies, Purple’s GelFlex Grid is the most significant advancement in mattresses in decades and is proven to reduce aches and pains. It instantly adapts as you move, balances temperature, relieves pressure, and offers support in all the right places. Purple products, including mattresses, pillows, cushions, frames, sheets and more, can be found online at Purple.com, in over 57 Purple stores and over 3,000 retailers nationwide. Less Pain. Better Sleep.

    About GigaCloud Technology Inc

    GigaCloud Technology Inc. is a pioneer of global end-to-end B2B ecommerce technology solutions for large parcel merchandise. The Company’s B2B ecommerce platform, the “GigaCloud Marketplace,” integrates everything from discovery, payments and logistics tools into one easy-to-use platform. The Company’s global marketplace seamlessly connects manufacturers, primarily in Asia, with resellers, primarily in the U.S., Asia and Europe, to execute cross-border transactions with confidence, speed and efficiency. GigaCloud offers a comprehensive solution that transports products from the manufacturer’s warehouse to the end customer’s doorstep, all at one fixed price. The Company first launched its marketplace in January 2019 by focusing on the global furniture market and has since expanded into additional categories, including home appliances and fitness equipment. For more information, please visit the Company’s website: https://www.gigacloudtech.com/.

    For investor and media inquiries, please contact:

    GigaCloud Technology Inc.
    Investor Relations
    ir@gigacloudtech.com

    PondelWilkinson, Inc.
    Laurie Berman (Investors) – lberman@pondel.com
    George Medici (Media) – gmedici@pondel.com

    The MIL Network –

  • MIL-OSI: GigaCloud Technology Inc Brings Curated Showroom Spotlighting Strategic Brand Partnerships to 2025 Summer Las Vegas Market

    Source: GlobeNewswire (MIL-OSI)

    EL MONTE, Calif., July 17, 2025 (GLOBE NEWSWIRE) — GigaCloud Technology Inc. (Nasdaq: GCT) (“GigaCloud” or the “Company”), a pioneer of global end-to-end B2B ecommerce technology solutions for large parcel merchandise, today announced its participation in the upcoming Las Vegas Market, held from July 27 to 31 at the World Market Center.

    From its showroom at A610, the Company will showcase its signature product lines alongside a curated selection of partner products. Key highlights include:

    Christopher Knight Home Showcases Modern Take on Signature Collections

    The brand will present its signature product line focused on a more modern, consumer-driven aesthetic, delivering stylish, affordable furniture to today’s design-conscious shoppers.

    Collaboration with Purple®

    GigaCloud will be featured in Purple Innovation’s showroom at C1554. As an integrated partner, GigaCloud supports Purple through the Supplier Fulfilled Retailing® (SFR®) model, helping expand buyer reach through streamlined fulfillment operations. Attendees can see firsthand how GigaCloud’s solutions drive growth and efficiency for leading brands like Purple.

    Broader Expansion into Sleep Solutions

    As part of its growing footprint in sleep solutions, GigaCloud is now featuring new product offerings from key partners in its showroom:

    • Zinus – Featuring its new Dreamvibe line, designed for next-generation sleep comfort.
    • Nubba Sleep – An exclusive mattress line developed for the GigaCloud Marketplace.
    • Instant Comfort® – Presenting its collection of adjustable comfort smart beds.
    • House & Home – Spotlighting signature upholstered beds and bunkbeds.

    “We are thrilled to return to Las Vegas Market with an expanded product portfolio and an increasingly diverse partner network,” said Iman Schrock, President of GigaCloud. “As the B2B landscape continues to evolve, we remain committed to delivering solutions that simplify cross-border commerce, reduce partner costs, and enable scalable growth across the value chain.”

    Email hello@gigacloudtech.com to arrange a meeting or demo at GigaCloud’s showroom (Building A610) during Las Vegas Market, July 27-31.

    About Las Vegas Market

    Las Vegas Market is the premier home furnishings and gift market in the western U.S., presenting 3,500 brands across furniture, home décor, bedding and gift categories, in three permanent showroom buildings and a purpose-built exhibit hall. This dynamic market destination attracts buyers from all 50 states and more than 80 countries, offering unmatched opportunities for cross-category commerce among these industries. Owned and operated by ANDMORE℠, Las Vegas Market is held semi-annually at World Market Center Las Vegas. https://www.LasVegasMarket.com.

    About Purple 

    Purple, the leading premium mattress company with the #1 gel grid technology in the world, GelFlex® Grid, thoughtfully engineers products that make restorative sleep effortless for every kind of sleeper. The result of over 30 years of innovation and 150 issued patents in comfort technologies, Purple’s GelFlex Grid is the most significant advancement in mattresses in decades and is proven to reduce aches and pains. It instantly adapts as you move, balances temperature, relieves pressure, and offers support in all the right places. Purple products, including mattresses, pillows, cushions, frames, sheets and more, can be found online at Purple.com, in over 57 Purple stores and over 3,000 retailers nationwide. Less Pain. Better Sleep.

    About GigaCloud Technology Inc

    GigaCloud Technology Inc. is a pioneer of global end-to-end B2B ecommerce technology solutions for large parcel merchandise. The Company’s B2B ecommerce platform, the “GigaCloud Marketplace,” integrates everything from discovery, payments and logistics tools into one easy-to-use platform. The Company’s global marketplace seamlessly connects manufacturers, primarily in Asia, with resellers, primarily in the U.S., Asia and Europe, to execute cross-border transactions with confidence, speed and efficiency. GigaCloud offers a comprehensive solution that transports products from the manufacturer’s warehouse to the end customer’s doorstep, all at one fixed price. The Company first launched its marketplace in January 2019 by focusing on the global furniture market and has since expanded into additional categories, including home appliances and fitness equipment. For more information, please visit the Company’s website: https://www.gigacloudtech.com/.

    For investor and media inquiries, please contact:

    GigaCloud Technology Inc.
    Investor Relations
    ir@gigacloudtech.com

    PondelWilkinson, Inc.
    Laurie Berman (Investors) – lberman@pondel.com
    George Medici (Media) – gmedici@pondel.com

    The MIL Network –

  • MIL-OSI: GigaCloud Technology Inc Brings Curated Showroom Spotlighting Strategic Brand Partnerships to 2025 Summer Las Vegas Market

    Source: GlobeNewswire (MIL-OSI)

    EL MONTE, Calif., July 17, 2025 (GLOBE NEWSWIRE) — GigaCloud Technology Inc. (Nasdaq: GCT) (“GigaCloud” or the “Company”), a pioneer of global end-to-end B2B ecommerce technology solutions for large parcel merchandise, today announced its participation in the upcoming Las Vegas Market, held from July 27 to 31 at the World Market Center.

    From its showroom at A610, the Company will showcase its signature product lines alongside a curated selection of partner products. Key highlights include:

    Christopher Knight Home Showcases Modern Take on Signature Collections

    The brand will present its signature product line focused on a more modern, consumer-driven aesthetic, delivering stylish, affordable furniture to today’s design-conscious shoppers.

    Collaboration with Purple®

    GigaCloud will be featured in Purple Innovation’s showroom at C1554. As an integrated partner, GigaCloud supports Purple through the Supplier Fulfilled Retailing® (SFR®) model, helping expand buyer reach through streamlined fulfillment operations. Attendees can see firsthand how GigaCloud’s solutions drive growth and efficiency for leading brands like Purple.

    Broader Expansion into Sleep Solutions

    As part of its growing footprint in sleep solutions, GigaCloud is now featuring new product offerings from key partners in its showroom:

    • Zinus – Featuring its new Dreamvibe line, designed for next-generation sleep comfort.
    • Nubba Sleep – An exclusive mattress line developed for the GigaCloud Marketplace.
    • Instant Comfort® – Presenting its collection of adjustable comfort smart beds.
    • House & Home – Spotlighting signature upholstered beds and bunkbeds.

    “We are thrilled to return to Las Vegas Market with an expanded product portfolio and an increasingly diverse partner network,” said Iman Schrock, President of GigaCloud. “As the B2B landscape continues to evolve, we remain committed to delivering solutions that simplify cross-border commerce, reduce partner costs, and enable scalable growth across the value chain.”

    Email hello@gigacloudtech.com to arrange a meeting or demo at GigaCloud’s showroom (Building A610) during Las Vegas Market, July 27-31.

    About Las Vegas Market

    Las Vegas Market is the premier home furnishings and gift market in the western U.S., presenting 3,500 brands across furniture, home décor, bedding and gift categories, in three permanent showroom buildings and a purpose-built exhibit hall. This dynamic market destination attracts buyers from all 50 states and more than 80 countries, offering unmatched opportunities for cross-category commerce among these industries. Owned and operated by ANDMORE℠, Las Vegas Market is held semi-annually at World Market Center Las Vegas. https://www.LasVegasMarket.com.

    About Purple 

    Purple, the leading premium mattress company with the #1 gel grid technology in the world, GelFlex® Grid, thoughtfully engineers products that make restorative sleep effortless for every kind of sleeper. The result of over 30 years of innovation and 150 issued patents in comfort technologies, Purple’s GelFlex Grid is the most significant advancement in mattresses in decades and is proven to reduce aches and pains. It instantly adapts as you move, balances temperature, relieves pressure, and offers support in all the right places. Purple products, including mattresses, pillows, cushions, frames, sheets and more, can be found online at Purple.com, in over 57 Purple stores and over 3,000 retailers nationwide. Less Pain. Better Sleep.

    About GigaCloud Technology Inc

    GigaCloud Technology Inc. is a pioneer of global end-to-end B2B ecommerce technology solutions for large parcel merchandise. The Company’s B2B ecommerce platform, the “GigaCloud Marketplace,” integrates everything from discovery, payments and logistics tools into one easy-to-use platform. The Company’s global marketplace seamlessly connects manufacturers, primarily in Asia, with resellers, primarily in the U.S., Asia and Europe, to execute cross-border transactions with confidence, speed and efficiency. GigaCloud offers a comprehensive solution that transports products from the manufacturer’s warehouse to the end customer’s doorstep, all at one fixed price. The Company first launched its marketplace in January 2019 by focusing on the global furniture market and has since expanded into additional categories, including home appliances and fitness equipment. For more information, please visit the Company’s website: https://www.gigacloudtech.com/.

    For investor and media inquiries, please contact:

    GigaCloud Technology Inc.
    Investor Relations
    ir@gigacloudtech.com

    PondelWilkinson, Inc.
    Laurie Berman (Investors) – lberman@pondel.com
    George Medici (Media) – gmedici@pondel.com

    The MIL Network –

  • MIL-OSI: GigaCloud Technology Inc Brings Curated Showroom Spotlighting Strategic Brand Partnerships to 2025 Summer Las Vegas Market

    Source: GlobeNewswire (MIL-OSI)

    EL MONTE, Calif., July 17, 2025 (GLOBE NEWSWIRE) — GigaCloud Technology Inc. (Nasdaq: GCT) (“GigaCloud” or the “Company”), a pioneer of global end-to-end B2B ecommerce technology solutions for large parcel merchandise, today announced its participation in the upcoming Las Vegas Market, held from July 27 to 31 at the World Market Center.

    From its showroom at A610, the Company will showcase its signature product lines alongside a curated selection of partner products. Key highlights include:

    Christopher Knight Home Showcases Modern Take on Signature Collections

    The brand will present its signature product line focused on a more modern, consumer-driven aesthetic, delivering stylish, affordable furniture to today’s design-conscious shoppers.

    Collaboration with Purple®

    GigaCloud will be featured in Purple Innovation’s showroom at C1554. As an integrated partner, GigaCloud supports Purple through the Supplier Fulfilled Retailing® (SFR®) model, helping expand buyer reach through streamlined fulfillment operations. Attendees can see firsthand how GigaCloud’s solutions drive growth and efficiency for leading brands like Purple.

    Broader Expansion into Sleep Solutions

    As part of its growing footprint in sleep solutions, GigaCloud is now featuring new product offerings from key partners in its showroom:

    • Zinus – Featuring its new Dreamvibe line, designed for next-generation sleep comfort.
    • Nubba Sleep – An exclusive mattress line developed for the GigaCloud Marketplace.
    • Instant Comfort® – Presenting its collection of adjustable comfort smart beds.
    • House & Home – Spotlighting signature upholstered beds and bunkbeds.

    “We are thrilled to return to Las Vegas Market with an expanded product portfolio and an increasingly diverse partner network,” said Iman Schrock, President of GigaCloud. “As the B2B landscape continues to evolve, we remain committed to delivering solutions that simplify cross-border commerce, reduce partner costs, and enable scalable growth across the value chain.”

    Email hello@gigacloudtech.com to arrange a meeting or demo at GigaCloud’s showroom (Building A610) during Las Vegas Market, July 27-31.

    About Las Vegas Market

    Las Vegas Market is the premier home furnishings and gift market in the western U.S., presenting 3,500 brands across furniture, home décor, bedding and gift categories, in three permanent showroom buildings and a purpose-built exhibit hall. This dynamic market destination attracts buyers from all 50 states and more than 80 countries, offering unmatched opportunities for cross-category commerce among these industries. Owned and operated by ANDMORE℠, Las Vegas Market is held semi-annually at World Market Center Las Vegas. https://www.LasVegasMarket.com.

    About Purple 

    Purple, the leading premium mattress company with the #1 gel grid technology in the world, GelFlex® Grid, thoughtfully engineers products that make restorative sleep effortless for every kind of sleeper. The result of over 30 years of innovation and 150 issued patents in comfort technologies, Purple’s GelFlex Grid is the most significant advancement in mattresses in decades and is proven to reduce aches and pains. It instantly adapts as you move, balances temperature, relieves pressure, and offers support in all the right places. Purple products, including mattresses, pillows, cushions, frames, sheets and more, can be found online at Purple.com, in over 57 Purple stores and over 3,000 retailers nationwide. Less Pain. Better Sleep.

    About GigaCloud Technology Inc

    GigaCloud Technology Inc. is a pioneer of global end-to-end B2B ecommerce technology solutions for large parcel merchandise. The Company’s B2B ecommerce platform, the “GigaCloud Marketplace,” integrates everything from discovery, payments and logistics tools into one easy-to-use platform. The Company’s global marketplace seamlessly connects manufacturers, primarily in Asia, with resellers, primarily in the U.S., Asia and Europe, to execute cross-border transactions with confidence, speed and efficiency. GigaCloud offers a comprehensive solution that transports products from the manufacturer’s warehouse to the end customer’s doorstep, all at one fixed price. The Company first launched its marketplace in January 2019 by focusing on the global furniture market and has since expanded into additional categories, including home appliances and fitness equipment. For more information, please visit the Company’s website: https://www.gigacloudtech.com/.

    For investor and media inquiries, please contact:

    GigaCloud Technology Inc.
    Investor Relations
    ir@gigacloudtech.com

    PondelWilkinson, Inc.
    Laurie Berman (Investors) – lberman@pondel.com
    George Medici (Media) – gmedici@pondel.com

    The MIL Network –

  • MIL-OSI: GigaCloud Technology Inc Brings Curated Showroom Spotlighting Strategic Brand Partnerships to 2025 Summer Las Vegas Market

    Source: GlobeNewswire (MIL-OSI)

    EL MONTE, Calif., July 17, 2025 (GLOBE NEWSWIRE) — GigaCloud Technology Inc. (Nasdaq: GCT) (“GigaCloud” or the “Company”), a pioneer of global end-to-end B2B ecommerce technology solutions for large parcel merchandise, today announced its participation in the upcoming Las Vegas Market, held from July 27 to 31 at the World Market Center.

    From its showroom at A610, the Company will showcase its signature product lines alongside a curated selection of partner products. Key highlights include:

    Christopher Knight Home Showcases Modern Take on Signature Collections

    The brand will present its signature product line focused on a more modern, consumer-driven aesthetic, delivering stylish, affordable furniture to today’s design-conscious shoppers.

    Collaboration with Purple®

    GigaCloud will be featured in Purple Innovation’s showroom at C1554. As an integrated partner, GigaCloud supports Purple through the Supplier Fulfilled Retailing® (SFR®) model, helping expand buyer reach through streamlined fulfillment operations. Attendees can see firsthand how GigaCloud’s solutions drive growth and efficiency for leading brands like Purple.

    Broader Expansion into Sleep Solutions

    As part of its growing footprint in sleep solutions, GigaCloud is now featuring new product offerings from key partners in its showroom:

    • Zinus – Featuring its new Dreamvibe line, designed for next-generation sleep comfort.
    • Nubba Sleep – An exclusive mattress line developed for the GigaCloud Marketplace.
    • Instant Comfort® – Presenting its collection of adjustable comfort smart beds.
    • House & Home – Spotlighting signature upholstered beds and bunkbeds.

    “We are thrilled to return to Las Vegas Market with an expanded product portfolio and an increasingly diverse partner network,” said Iman Schrock, President of GigaCloud. “As the B2B landscape continues to evolve, we remain committed to delivering solutions that simplify cross-border commerce, reduce partner costs, and enable scalable growth across the value chain.”

    Email hello@gigacloudtech.com to arrange a meeting or demo at GigaCloud’s showroom (Building A610) during Las Vegas Market, July 27-31.

    About Las Vegas Market

    Las Vegas Market is the premier home furnishings and gift market in the western U.S., presenting 3,500 brands across furniture, home décor, bedding and gift categories, in three permanent showroom buildings and a purpose-built exhibit hall. This dynamic market destination attracts buyers from all 50 states and more than 80 countries, offering unmatched opportunities for cross-category commerce among these industries. Owned and operated by ANDMORE℠, Las Vegas Market is held semi-annually at World Market Center Las Vegas. https://www.LasVegasMarket.com.

    About Purple 

    Purple, the leading premium mattress company with the #1 gel grid technology in the world, GelFlex® Grid, thoughtfully engineers products that make restorative sleep effortless for every kind of sleeper. The result of over 30 years of innovation and 150 issued patents in comfort technologies, Purple’s GelFlex Grid is the most significant advancement in mattresses in decades and is proven to reduce aches and pains. It instantly adapts as you move, balances temperature, relieves pressure, and offers support in all the right places. Purple products, including mattresses, pillows, cushions, frames, sheets and more, can be found online at Purple.com, in over 57 Purple stores and over 3,000 retailers nationwide. Less Pain. Better Sleep.

    About GigaCloud Technology Inc

    GigaCloud Technology Inc. is a pioneer of global end-to-end B2B ecommerce technology solutions for large parcel merchandise. The Company’s B2B ecommerce platform, the “GigaCloud Marketplace,” integrates everything from discovery, payments and logistics tools into one easy-to-use platform. The Company’s global marketplace seamlessly connects manufacturers, primarily in Asia, with resellers, primarily in the U.S., Asia and Europe, to execute cross-border transactions with confidence, speed and efficiency. GigaCloud offers a comprehensive solution that transports products from the manufacturer’s warehouse to the end customer’s doorstep, all at one fixed price. The Company first launched its marketplace in January 2019 by focusing on the global furniture market and has since expanded into additional categories, including home appliances and fitness equipment. For more information, please visit the Company’s website: https://www.gigacloudtech.com/.

    For investor and media inquiries, please contact:

    GigaCloud Technology Inc.
    Investor Relations
    ir@gigacloudtech.com

    PondelWilkinson, Inc.
    Laurie Berman (Investors) – lberman@pondel.com
    George Medici (Media) – gmedici@pondel.com

    The MIL Network –

  • MIL-OSI: Private Bancorp of America, Inc. Announces Strong Net Income and Earnings Per Share for Second Quarter 2025

    Source: GlobeNewswire (MIL-OSI)

    Second Quarter 2025 Highlights

    • Net income for the second quarter of 2025 was $10.4 million, compared to $10.6 million in the prior quarter and $7.8 million in the second quarter of 2024. Net income increased 33.5% year over year
    • Net income for the second quarter of 2025 represents a return on average assets of 1.69% and a return on average tangible common equity of 17.44%
    • Diluted earnings per share for the second quarter of 2025 was $1.77, compared to $1.80 in the prior quarter and $1.35 in the second quarter of 2024
    • Core deposits were $2.07 billion as of June 30, 2025, an increase of $22.0 million or 1.1% from March 31, 2025. Core deposits increased $327.6 million or 18.8% year over year. Total deposits were $2.16 billion as of June 30, 2025, a decrease of $29.2 million or 1.3% from March 31, 2025, which included a reduction in brokered deposits of $51.2 million. Total deposits increased 8.1% year over year
    • Total cost of deposits was 2.08% for the second quarter of 2025, a decrease from 2.22% in the prior quarter and 2.67% in the second quarter of 2024, an improvement of 6.4% quarter over quarter and 22.3% year over year. The spot rate for total deposits was 2.04% as of June 30, 2025, compared to 2.11% at March 31, 2025. Total cost of funding sources was 2.14% for the second quarter of 2025, a decrease from 2.29% in the prior quarter and 2.78% in the second quarter of 2024
    • Loans held-for-investment (“HFI”) totaled $2.08 billion as of June 30, 2025, an increase of $2.4 million or 0.1% from March 31, 2025. Loans HFI increased 5.1% year over year
    • Net interest margin was 4.94% for the second quarter of 2025, compared to 4.61% in the prior quarter and 4.48% in the second quarter of 2024
    • Provision for credit losses for the second quarter of 2025 was $1.3 million, compared to $0.3 million for the prior quarter and $2.1 million for the second quarter of 2024. The allowance for loan losses was 1.35% of loans HFI as of June 30, 2025 compared to 1.27% at March 31, 2025
    • As of June 30, 2025, criticized loans totaled $58.2 million, or 2.79% of total loans, up from $40.8 million, or 1.96% of total loans, in the prior quarter
    • Tangible book value per share was $42.20 as of June 30, 2025, an increase of $1.91 since March 31, 2025 primarily as a result of strong earnings. Tangible book value per share increased 4.7% quarter-over-quarter and 21.8% year over year.

    LA JOLLA, Calif., July 17, 2025 (GLOBE NEWSWIRE) — Private Bancorp of America, Inc. (OTCQX: PBAM), (“Company”) and CalPrivate Bank (“Bank”) announced unaudited financial results for the second fiscal quarter ended June 30, 2025. The Company reported net income of $10.4 million, or $1.77 per diluted share, for the second quarter of 2025, compared to $10.6 million, or $1.80 per diluted share, in the prior quarter, and $7.8 million, or $1.35 per diluted share, in the second quarter of 2024.

    Rick Sowers, President and CEO of the Company and the Bank stated, “Earnings continue to be strong as a result of improvement in our deposit base and funding costs as well as an industry leading net interest margin.  Although 2025 has been a slower year for loan growth due to economic uncertainty and what we view as unreasonable market loan pricing, we are adding new Relationships across our footprint by delivering Distinctively Different Service and providing Clients with customized Solutions that meet their individual needs. We have onboarded 8 new Relationship focused Team Members this quarter, with more in the pipeline.  We are strong believers in the Southern California market, as demonstrated by our new Santa Barbara County office in Montecito, which we anticipate opening in the third quarter.”

    Sowers added, “The Bank’s superior financial performance and industry leading service metrics continue to be recognized by industry publications and our Clients. This recognition reinforces our strategic thinking and our dedication to excellence, innovation, delivering Client-focused banking solutions and enhancing shareholder value: 

    • Top 20 Community Banks in the US for 2025 by American Banker with assets between $2B and $10B in assets and #2 in California
    • #1 for both Return on Assets (ROA) and Return on Equity (ROE) among banks with less than $5 billion in assets in 2024
    • #1 SBA 504 Community Bank Lender in the United States
    • #10 Best U.S. Bank by Bank Director’s RankingBanking®
    • Client Net Promoter Score of 81 (World Class)
    • Bauer 5 Star Rating
    • 2025 Best 50 OTCQX

    “Management has continued to focus on providing clients with a differentiated superior banking experience while producing industry leading shareholder value creation. Client surveys validate superior service levels while financial results remain in the top tier of banks nationally. Outstanding net interest margin and superior efficiency ratios confirm both the bank’s unique client relationship strategy, calculated decision making, and the effective operating systems that have resulted from our continuous improvement focus through project management, product evaluation, and technology implementation programs. In preparation for a less certain general economic environment, we have continued to invest in people and technology. We expanded our geographic footprint into Santa Barbara County and added relationship managers throughout Southern California, and management is preparing for and evaluating a wave of newer technologies including AI and risk management tools. In addition, our Team takes pride in continuing to commit their time and the bank’s financial support for non-profits in the communities we serve, in gratitude for these organizations’ outstanding work to strengthen their communities by improving the lives of those they serve,” said Selwyn Isakow, Chairman of the Board of the Company and the Bank.

    STATEMENT OF INCOME

    Net Interest Income

    Net interest income for the second quarter of 2025 totaled $30.1 million, an increase of $2.4 million or 8.6% from the prior quarter and an increase of $5.4 million or 22.1% from the second quarter of 2024. The increase from the prior quarter was due to a $1.7 million increase in interest income, which included $0.7 million of nonaccrual interest recognized on loans that were fully satisfied through a foreclosure, and a $0.7 million decrease in interest expense, resulting from a 19 basis point reduction in the cost of interest-bearing liabilities, primarily driven by a 14 basis point decrease in the cost of total deposits.

    Net Interest Margin

    Net interest margin for the second quarter of 2025 was 4.94%, compared to 4.61% for the prior quarter and 4.48% in the second quarter of 2024. The 33 basis point increase in net interest margin from the prior quarter was primarily due to a higher average yield on loans, which included the effect of an 11 basis point increase in net interest margin due to nonaccrual interest recognized on loans that were fully satisfied through foreclosure, and a decrease in the cost of total funding sources. The yield on interest-earning assets was 6.89% for the second quarter of 2025 compared to 6.70% for the prior quarter, and the cost of interest-bearing liabilities was 2.95% for the second quarter of 2025 compared to 3.14% in the prior quarter. The cost of total deposits was 2.08% for the second quarter of 2025 compared to 2.22% in the prior quarter. The cost of core deposits, which excludes brokered deposits, was 1.94% in the second quarter of 2025 compared to 1.99% in the prior quarter and 2.28% for the second quarter of 2024. The spot rate for total deposits was 2.04% as of June 30, 2025, compared to 2.11% at March 31, 2025.

    Provision for Credit Losses

    Provision expense for credit losses for the second quarter of 2025 was $1.3 million, compared to $0.3 million in the prior quarter and $2.1 million in the second quarter of 2024. The provision expense for loans HFI for the second quarter of 2025 was $1.7 million, primarily reflecting a $1.1 million increase in the specific reserve for a nonaccrual loan, as well as quarterly adjustments to CECL model inputs stemming from changes in loan risk ratings and a weakening economic outlook for Southern California. This was offset by a $0.4 million reversal for unfunded commitments due to increased line of credit utilization that resulted in lower unfunded commitment balances. For more details, please refer to the “Asset Quality” section below.

    Noninterest Income

    Noninterest income was $1.7 million for the second quarter of 2025, compared to $1.6 million in the prior quarter and $1.5 million in the second quarter of 2024. U.S. Small Business Administration (“SBA”) loan sales for the second quarter of 2025 were $9.5 million with a 10.01% average trade premium resulting in a net gain on sale of $523 thousand, compared with $8.3 million with a 10.86% average trade premium resulting in a net gain on sale of $469 thousand in the prior quarter.

    Noninterest Expense

    Noninterest expense was $15.7 million for the second quarter of 2025, compared to $14.1 million in the prior quarter and $13.0 million in the second quarter of 2024. The increase in noninterest expense from the prior quarter is primarily due to higher compensation and benefits costs from continued hiring, including a team of bankers in Montecito, as well as elevated professional services expenses related to expanded loan portfolio reviews performed during the quarter as we proactively manage credit risk and the transition to a new Chief Credit Officer. The efficiency ratio was 49.27% for the second quarter of 2025 compared to 47.90% in the prior quarter and 49.46% in the second quarter of 2024. The slight increase in the efficiency ratio from the prior quarter was due to the increase in noninterest expense.

    The Company remains committed to making investments in the business, including technology, marketing, and staffing. Inflationary pressures and low unemployment continue to have an impact on rising wages as well as increased costs related to third party service providers, which we proactively monitor and manage.

    Provision for Income Tax Expense

    Provision for income tax expense was $4.4 million for the second quarter of 2025, compared to $4.4 million for the prior quarter. The effective tax rate for the second quarter of 2025 was 29.7%, compared to 29.5% in the prior quarter and 29.5% in the second quarter of 2024.

    STATEMENT OF FINANCIAL CONDITION

    As of June 30, 2025, total assets were $2.45 billion, a decrease of $28.0 million since March 31, 2025. The decrease in assets from the prior quarter was primarily due to lower cash and due from banks, partially offset by higher investment securities and loans receivable. Our total cash and due from banks decreased to $140.6 million as of June 30, 2025, a decrease of $77.9 million or 35.6% since March 31, 2025, primarily due to purchases of investment securities and a decrease in brokered deposits and borrowings. Investment securities available-for-sale (“AFS”) were $188.8 million as of June 30, 2025, an increase of $32.5 million or 20.8% since March 31, 2025, primarily as a result of new securities purchased. As of June 30, 2025, the net unrealized loss on the AFS investment securities portfolio, which is comprised mostly of US Treasury and Government Agency debt, was $9.0 million (pre-tax) compared to a loss of $10.1 million (pre-tax) as of March 31, 2025. The average duration of the Bank’s AFS portfolio is 3.9 years. The Company has no held-to-maturity securities. Loans HFI totaled $2.08 billion as of June 30, 2025, an increase of $2.4 million or 0.1% since March 31, 2025, primarily due to growth in investor owned commercial real estate (“CRE”) and SBA loans, partially offset by decreased construction and commercial and industrial (“C&I”) loan balances.

    Total deposits were $2.16 billion as of June 30, 2025, a decrease of $29.2 million since March 31, 2025. During the quarter, core deposits increased by $22.0 million, which was driven by a $19.6 million increase in interest-bearing core deposits (including balances in the IntraFi ICS and CDARS programs) and a $2.4 million increase in noninterest-bearing core deposits. The deposit mix has continued to shift due to short-term interest rates remaining elevated compared to recent years. Noninterest-bearing deposits represent 29.0% of total core deposits. Offsetting the increase to total deposits from core deposits, brokered deposits decreased by $51.2 million. Uninsured deposits, net of collateralized and fiduciary deposit accounts, represent 50.6% of total deposits as of June 30, 2025.

    As of June 30, 2025, total available liquidity was $2.1 billion or 194.5% of uninsured deposits, net of collateralized and fiduciary deposit accounts. Total available liquidity is comprised of $321 million of on-balance sheet liquidity (cash and investment securities) and $1.8 billion of unused borrowing capacity.

    Asset Quality and Allowance for Credit Losses (“ACL”)

    As of June 30, 2025, the allowance for loan losses was $28.2 million or 1.35% of loans HFI, compared to $26.4 million or 1.27% of loans HFI as of March 31, 2025. The increase in the coverage ratio from March 31, 2025 is due primarily to a $1.1 million increase in the specific reserve for a nonaccrual loan, as well as quarterly adjustments to CECL model inputs stemming from changes in loan risk ratings and a weakening economic outlook for Southern California. The Company continues to have strong credit metrics and its nonperforming assets are 0.66% of total assets as of June 30, 2025 compared to 0.63% as of March 31, 2025. The reserve for unfunded commitments was $0.9 million as of June 30, 2025, compared to $1.3 million as of March 31, 2025. The decrease in the reserve for unfunded commitments was due to lower unfunded commitment balances (driven by higher credit line usage). Given the credit quality of the loan portfolio, management believes we are sufficiently reserved.

    At June 30, 2025 and March 31, 2025, there were no doubtful credits and classified assets were $36.2 million and $27.8 million, respectively. Total classified assets consisted of 26 loans as of June 30, 2025, which included 17 loans totaling $22.5 million secured by real estate with total specific reserves of $1.1 million and a weighted average LTV of 56.6%. The remaining 9 loans were $13.7 million of commercial and industrial loans, one of which was an unsecured loan on nonaccrual status with a carrying value of $1.5 million and a specific reserve of $1.0 million (the loan is recorded net of a $1.1 million partial charge off recorded in the first quarter of 2025).

    The Bank’s loan portfolio does include assets that are in the affected areas of Los Angeles devastated by wildfires. Of these loans, two relationships with loan balances totaling $34.1 million have been placed on payment deferral.  However, based on assessments performed to date, management does not believe there is a material impact to the financial statements.

    Capital Ratios (2)

    The Bank’s capital ratios were in excess of the levels established for “well capitalized” institutions and are as follows:

      June 30, 2025 (2) March 31, 2025
    CalPrivate Bank    
    Tier I leverage ratio 10.70% 10.35%
    Tier I risk-based capital ratio 12.12% 11.75%
    Total risk-based capital ratio 13.37% 13.00%
         

    (2) June 30, 2025 capital ratios are preliminary and subject to change.

    CalPrivate Bank Announces Board of Directors Changes

    During the second quarter, Thomas Wornham and Richard Smith concluded their service on the Bank’s Board of Directors. The Bank extends its sincere gratitude to Mr. Wornham and Mr. Smith for their contributions and dedication during their tenure. Neither individual served on the Company’s Board of Directors. Mr. Smith continues his business development activities for the Bank.

    About Private Bancorp of America, Inc. (OTCQX: PBAM)

    PBAM is the holding company for CalPrivate Bank, which operates offices in Coronado, San Diego, La Jolla, Newport Beach, El Segundo, Beverly Hills, and coming soon, Montecito, as well as through efficient digital banking services. CalPrivate Bank is driven by its core values of building client Relationships based on superior funding Solutions, unparalleled Service, and mutual Trust. The Bank caters to high-net-worth individuals, professionals, closely-held businesses, and real estate entrepreneurs, delivering a Distinctly Different™ personalized banking experience while leveraging cutting-edge technology to enhance our clients’ evolving needs. CalPrivate Bank is in the top tier of customer service survey ratings in the nation, scoring almost 3x higher than the median domestic bank. The Bank offers comprehensive deposit and treasury services, rapid and creative loan options including various portfolio and government-guaranteed lending programs,  cross border banking, and innovative, unique technologies that drive enhanced  client performance. CalPrivate Bank has been recognized by Bank Director’s RankingBanking® as the 10th best bank in the country and the #1 bank in its asset class for both return on assets (ROA) and return on equity (ROE). CalPrivate Bank was also ranked in the top 5% of banks in the U.S. with assets between $2B and $10B by American Banker. Additionally, CalPrivate Bank is a Bauer Financial 5-star rated bank, an SBA Preferred Lender, and has been honored as Community Bank 504 Lender of the Year by the NADCO Community Impact Awards, exemplifying excellence in the banking industry. These prestigious rankings highlight the Bank’s commitment to delivering exceptional banking services and setting new industry standards.

    CalPrivate Bank’s website is www.calprivate.bank.

    Non-GAAP Financial Measures

    This press release contains certain non-GAAP financial measures in addition to results presented in accordance with GAAP, including efficiency ratio, pretax pre-provision net revenue, average tangible common equity and return on average tangible common equity. The Company uses certain non-GAAP financial measures to provide meaningful supplemental information regarding the Company’s results of operations and financial condition and to enhance investors’ overall understanding of such results of operations and financial condition, to permit investors to effectively analyze financial trends of our business activities, and to enhance comparability with peers across the financial services sector. These non-GAAP financial measures should be considered in addition to, not as a substitute for or superior to, financial measures prepared in accordance with GAAP and should be read in conjunction with the Company’s GAAP financial information. A reconciliation of the most comparable GAAP financial measures to non-GAAP financial measures is included in the accompanying financial tables.

    Investor Relations Contacts

    Rick Sowers
    President and Chief Executive Officer
    Private Bancorp of America, Inc., and CalPrivate Bank
    (424) 303-4894

    Cory Stewart
    Executive Vice President and Chief Financial Officer
    Private Bancorp of America, Inc., and CalPrivate Bank
    (206) 293-3669

    Safe Harbor Paragraph

    This communication contains expressions of expectations, both implied and explicit, that are “forward-looking statements” within the meaning of such term in the Private Securities Litigation Reform Act of 1995. We caution you that a number of important factors could cause actual results to differ materially from those in the forward-looking statements, especially given the current turmoil in the banking and financial markets. These factors include the effects of depositors withdrawing funds unexpectedly, counterparties being unable to provide liquidity sources that we believe should be available, loan losses, economic conditions and competition in the geographic and business areas in which Private Bancorp of America, Inc. operates, including competition in lending and deposit acquisition, the unpredictability of fee income from participation in SBA loan programs, the effects of bank failures, liquidations and mergers in our markets and nationally, our ability to successfully integrate and develop business through the addition of new personnel, whether our efforts to expand loan, product and service offerings will prove profitable, system failures and data security, whether we can effectively secure and implement new technology solutions, inflation, fluctuations in interest rates, legislation and governmental regulation. You should not place undue reliance on forward-looking statements, and we undertake no obligation to update those statements whether as a result of changes in underlying factors, new information, future events or otherwise. These factors could cause actual results to differ materially from what we anticipate or project. You should not place undue reliance on any such forward-looking statement, which speaks only as of the date on which it was made. Although we believe in good faith the assumptions and bases supporting our forward-looking statements to be reasonable, there can be no assurance that those assumptions and bases will prove accurate.

                     
    PRIVATE BANCORP OF AMERICA, INC.
    CONSOLIDATED BALANCE SHEET
    (Unaudited)
    (Dollars in thousands)
                     
      Jun 30, 2025   Mar 31, 2025   Jun 30, 2024
    Assets                
    Cash and due from banks $ 26,215     $ 34,720     $ 13,545  
    Interest-bearing deposits in other financial institutions   14,715       16,155       12,502  
    Interest-bearing deposits at Federal Reserve Bank   99,689       167,606       132,330  
    Total cash and due from banks   140,619       218,481       158,377  
    Interest-bearing time deposits with other institutions   4,270       4,213       4,097  
    Investment debt securities available for sale   188,821       156,346       121,725  
    Loans held for sale   8,826       2,066       –  
    Loans, net of deferred fees and costs and unaccreted discounts   2,081,063       2,078,653       1,979,720  
    Allowance for loan losses   (28,178 )     (26,437 )     (26,591 )
    Loans held-for-investment, net of allowance   2,052,885       2,052,216       1,953,129  
    Federal Home Loan Bank stock, at cost   10,652       9,586       9,586  
    Operating lease right of use assets   7,254       6,383       4,719  
    Premises and equipment, net   2,213       2,432       2,207  
    Servicing assets, net   1,964       1,993       2,164  
    Accrued interest receivable   8,624       8,148       7,906  
    Other assets   28,752       21,009       21,774  
    Total assets $ 2,454,880     $ 2,482,873     $ 2,285,684  
                     
    Liabilities and Shareholders’ Equity                
    Liabilities                
    Noninterest bearing $ 601,473     $ 599,095     $ 557,055  
    Interest bearing   1,561,407       1,593,014       1,444,671  
    Total deposits   2,162,880       2,192,109       2,001,726  
    FHLB borrowings   11,000       16,000       48,000  
    Other borrowings   17,972       17,970       17,965  
    Accrued interest payable and other liabilities   16,089       21,559       16,551  
    Total liabilities   2,207,941       2,247,638       2,084,242  
                     
    Shareholders’ equity                
    Common stock   76,398       76,156       74,636  
    Additional paid-in capital   4,009       3,712       3,717  
    Retained earnings   172,849       162,462       132,179  
    Accumulated other comprehensive (loss) income, net   (6,317 )     (7,095 )     (9,090 )
    Total shareholders’ equity   246,939       235,235       201,442  
    Total liabilities and shareholders’ equity $ 2,454,880     $ 2,482,873     $ 2,285,684  
                           
    PRIVATE BANCORP OF AMERICA, INC.
    CONSOLIDATED STATEMENTS OF INCOME
    (Unaudited)
    (Dollars in thousands, except per share amounts)
               
      For the three months ended     Year to Date  
      Jun 30, 2025   Mar 31, 2025   Jun 30, 2024   Jun 30, 2025   Jun 30, 2024
    Interest Income                            
    Loans $ 38,004     $ 36,565     $ 35,538     $ 74,569     $ 68,544  
    Investment securities   1,800       1,505       1,090       3,305       2,069  
    Deposits in other financial institutions   2,184       2,198       2,034       4,382       3,833  
    Total interest income   41,988       40,268       38,662       82,256       74,446  
                                 
    Interest Expense                            
    Deposits   11,376       11,899       13,040       23,275       25,170  
    Borrowings   499       637       952       1,136       1,838  
    Total interest expense   11,875       12,536       13,992       24,411       27,008  
                                 
    Net interest income   30,113       27,732       24,670       57,845       47,438  
    Provision for credit losses   1,293       299       2,136       1,592       2,369  
    Net interest income after provision for credit losses   28,820       27,433       22,534       56,253       45,069  
                                 
    Noninterest income:                            
    Service charges on deposit accounts   591       557       430       1,148       818  
    Net gain on sale of loans   523       469       661       992       1,342  
    Other noninterest income   616       587       447       1,203       804  
    Total noninterest income   1,730       1,613       1,538       3,343       2,964  
                                 
    Noninterest expense:                            
    Compensation and employee benefits   10,319       9,748       8,836       20,067       17,697  
    Occupancy and equipment   840       844       822       1,684       1,592  
    Data processing   1,396       1,326       1,183       2,722       2,241  
    Professional services   939       508       424       1,447       912  
    Other expenses   2,195       1,629       1,697       3,824       3,303  
    Total noninterest expense   15,689       14,055       12,962       29,744       25,745  
    Income before provision for income taxes   14,861       14,991       11,110       29,852       22,288  
    Provision for income taxes   4,412       4,429       3,283       8,841       6,577  
    Net income $ 10,449     $ 10,562     $ 7,827     $ 21,011     $ 15,711  
    Net income available to common shareholders $ 10,361     $ 10,482     $ 7,761     $ 20,834     $ 15,595  
                                 
    Earnings per share                            
    Basic earnings per share $ 1.80     $ 1.83     $ 1.36     $ 3.63     $ 2.74  
    Diluted earnings per share $ 1.77     $ 1.80     $ 1.35     $ 3.57     $ 2.71  
                                 
    Average shares outstanding   5,754,872       5,734,688       5,702,938       5,744,836       5,688,135  
    Diluted average shares outstanding   5,837,537       5,826,229       5,762,616       5,830,897       5,755,250  
                                           
    PRIVATE BANCORP OF AMERICA, INC.
    Consolidated average balance sheet, interest, yield and rates
    (Unaudited)
    (Dollars in thousands)
                                                                           
      For the three months ended 
      Jun 30, 2025    Mar 31, 2025    Jun 30, 2024 
      Average
    Balance         		   Interest    Average
    Yield/Rate         		   Average
    Balance         		   Interest    Average
    Yield/Rate         		   Average
    Balance         		   Interest    Average
    Yield/Rate     
    Interest-Earnings Assets                                                                      
    Deposits in other financial institutions $ 191,701     $ 2,184       4.57 %   $ 202,907     $ 2,198       4.39 %   $ 152,563     $ 2,034       5.36 %
    Investment securities   182,772       1,800       3.94 %     157,747       1,505       3.82 %     123,876       1,090       3.52 %
    Loans, including LHFS   2,069,415       38,004       7.37 %     2,078,588       36,565       7.13 %     1,939,746       35,538       7.37 %
    Total interest-earning assets   2,443,888       41,988       6.89 %     2,439,242       40,268       6.70 %     2,216,185       38,662       7.02 %
    Noninterest-earning assets   43,336                       28,536                       25,675                  
    Total Assets $ 2,487,224                     $ 2,467,778                     $ 2,241,860                  
                                                                           
    Interest-Bearing Liabilities                                                                      
    Interest bearing DDA, excluding brokered   242,929       814       1.34 %     244,301       970       1.61 %     130,361       463       1.43 %
    Savings & MMA, excluding brokered   1,002,820       7,130       2.85 %     955,259       6,830       2.90 %     845,856       7,354       3.50 %
    Time deposits, excluding brokered   218,900       2,097       3.84 %     196,375       1,956       4.04 %     164,714       1,690       4.13 %
    Total deposits, excluding brokered   1,464,649       10,041       2.75 %     1,395,935       9,756       2.83 %     1,140,931       9,507       3.35 %
    Total brokered deposits   120,935       1,335       4.43 %     183,059       2,143       4.75 %     284,290       3,533       5.00 %
    Total Interest-Bearing Deposits   1,585,584       11,376       2.88 %     1,578,994       11,899       3.06 %     1,425,221       13,040       3.68 %
                                                                           
    FHLB advances   12,868       139       4.33 %     24,122       272       4.57 %     47,373       581       4.93 %
    Other borrowings   17,973       360       8.03 %     17,981       365       8.23 %     17,966       371       8.31 %
    Total Interest-Bearing Liabilities   1,616,425       11,875       2.95 %     1,621,097       12,536       3.14 %     1,490,560       13,992       3.78 %
                                                                           
    Noninterest-bearing deposits   609,760                       594,408                       535,878                  
    Total Funding Sources   2,226,185       11,875       2.14 %     2,215,505       12,536       2.29 %     2,026,438       13,992       2.78 %
                                                                           
    Noninterest-bearing liabilities   18,804                       21,542                       16,334                  
    Shareholders’ equity   242,235                       230,731                       199,088                  
                                                                           
    Total Liabilities and Shareholders’ Equity $ 2,487,224                     $ 2,467,778                     $ 2,241,860                  
                                                                           
    Net interest income/spread         $ 30,113       4.75 %           $ 27,732       4.41 %           $ 24,670       4.24 %
    Net interest margin                   4.94 %                     4.61 %                     4.48 %
                                                                           
    PRIVATE BANCORP OF AMERICA, INC.
    Consolidated average balance sheet, interest, yield and rates
    (Unaudited)
    (Dollars in thousands)
         
      Year to Date  
      Jun 30, 2025     Jun 30, 2024  
      Average
    Balance    		     Interest     Average
    Yield/Rate    		     Average
    Balance    		     Interest     Average
    Yield/Rate    		  
    Interest-Earnings Assets:                                  
    Deposits in other financial institutions $ 197,273     $ 4,382       4.48 %   $ 144,037     $ 3,833       5.35 %
    Investment securities   170,328       3,305       3.88 %     121,783       2,069       3.40 %
    Loans   2,073,976       74,569       7.25 %     1,904,028       68,544       7.24 %
    Total interest-earning assets   2,441,577       82,256       6.79 %     2,169,848       74,446       6.90 %
    Noninterest-earning assets   35,977                   25,571              
    Total Assets $ 2,477,554                 $ 2,195,419              
                                       
    Interest-Bearing Liabilities                                  
    Interest bearing DDA, excluding brokered   243,611       1,784       1.48 %     120,100       904       1.51 %
    Savings & MMA, excluding brokered   979,170       13,960       2.88 %     805,813       13,775       3.44 %
    Time deposits, excluding brokered   207,699       4,053       3.94 %     160,208       3,273       4.11 %
    Total deposits, excluding brokered   1,430,480       19,797       2.79 %     1,086,121       17,952       3.32 %
    Total brokered deposits   151,825       3,478       4.62 %     286,088       7,218       5.07 %
    Total Interest-Bearing Deposits   1,582,305       23,275       2.97 %     1,372,209       25,170       3.69 %
                                       
    FHLB advances   18,464       411       4.49 %     48,653       1,195       4.94 %
    Other borrowings   17,977       725       8.13 %     17,964       643       7.20 %
    Total Interest-Bearing Liabilities   1,618,746       24,411       3.04 %     1,438,826       27,008       3.77 %
                                       
    Noninterest-bearing deposits   602,126                   544,709              
    Total Funding Sources   2,220,872       24,411       2.22 %     1,983,535       27,008       2.74 %
                                       
    Noninterest-bearing liabilities   20,165                   17,176              
    Shareholders’ equity   236,517                   194,708              
                                       
    Total Liabilities and Shareholders’ Equity $ 2,477,554                 $ 2,195,419              
                                       
    Net interest income/spread       $ 57,845       4.57 %         $ 47,438       4.16 %
    Net interest margin               4.78 %                 4.40 %
                                           
    PRIVATE BANCORP OF AMERICA, INC.
    Condensed Balance Sheets
    (Unaudited)
    (Dollars in thousands, except per share amounts)
                                 
      Jun 30, 2025   Mar 31, 2025   Dec 31, 2024   Sep 30, 2024   Jun 30, 2024
    Assets                            
    Cash and due from banks $ 140,619     $ 218,481     $ 163,876     $ 207,174     $ 158,377  
    Interest-bearing time deposits with other institutions   4,270       4,213       4,189       4,124       4,097  
    Investment securities   188,821       156,346       145,238       141,100       121,725  
    Loans held for sale   8,826       2,066       3,008       2,040       –  
    Total loans held-for-investment   2,081,063       2,078,653       2,085,149       2,012,457       1,979,720  
    Allowance for loan losses   (28,178 )     (26,437 )     (27,267 )     (26,594 )     (26,591 )
    Loans held-for-investment, net of allowance   2,052,885       2,052,216       2,057,882       1,985,863       1,953,129  
    Operating lease right of use assets   7,254       6,383       6,819       4,344       4,719  
    Premises and equipment, net   2,213       2,432       2,335       2,345       2,207  
    Other assets and interest receivable   49,992       40,736       40,664       39,383       41,430  
    Total assets $ 2,454,880     $ 2,482,873     $ 2,424,011     $ 2,386,373     $ 2,285,684  
                                 
    Liabilities and Shareholders’ Equity                            
    Liabilities                            
    Noninterest Bearing $ 601,473     $ 599,095     $ 553,405     $ 584,292     $ 557,055  
    Interest Bearing   1,561,407       1,593,014       1,581,054       1,522,839       1,444,671  
    Total Deposits   2,162,880       2,192,109       2,134,459       2,107,131       2,001,726  
    Borrowings   28,972       33,970       45,969       45,967       65,965  
    Accrued interest payable and other liabilities   16,089       21,559       20,049       19,062       16,551  
    Total liabilities   2,207,941       2,247,638       2,200,477       2,172,160       2,084,242  
    Shareholders’ equity                            
    Common stock   76,398       76,156       75,377       74,688       74,636  
    Additional paid-in capital   4,009       3,712       4,393       4,271       3,717  
    Retained earnings   172,849       162,462       152,252       141,623       132,179  
    Accumulated other comprehensive (loss) income   (6,317 )     (7,095 )     (8,488 )     (6,369 )     (9,090 )
    Total shareholders’ equity   246,939       235,235       223,534       214,213       201,442  
    Total liabilities and shareholders’ equity $ 2,454,880     $ 2,482,873     $ 2,424,011     $ 2,386,373     $ 2,285,684  
                                 
    Book value per common share $ 42.54     $ 40.63     $ 38.76     $ 37.21     $ 35.03  
    Tangible book value per common share (1) $ 42.20     $ 40.29     $ 38.40     $ 36.87     $ 34.65  
    Shares outstanding   5,805,286       5,789,306       5,766,810       5,756,207       5,751,143  

    (1) Non-GAAP measure. See GAAP to non-GAAP Reconciliation table.

     
    PRIVATE BANCORP OF AMERICA, INC.
    Condensed Statements of Income
    (Unaudited)
    (Dollars in thousands, except per share amounts)
         
      For the three months ended  
      Jun 30, 2025   Mar 31, 2025   Dec 31, 2024   Sep 30, 2024   Jun 30, 2024
    Interest income $ 41,988     $ 40,268     $ 40,430     $ 40,018     $ 38,662  
    Interest expense   11,875       12,536       13,023       14,311       13,992  
    Net interest income   30,113       27,732       27,407       25,707       24,670  
    Provision for credit losses   1,293       299       17       304       2,136  
    Net interest income after provision for credit losses   28,820       27,433       27,390       25,403       22,534  
                                 
    Service charges on deposit accounts   591       557       558       504       430  
    Net gain on sale of loans   523       469       932       587       661  
    Other noninterest income   616       587       456       343       447  
    Total noninterest income   1,730       1,613       1,946       1,434       1,538  
                                 
    Compensation and employee benefits   10,319       9,748       9,539       9,422       8,836  
    Occupancy and equipment   840       844       847       818       822  
    Data processing   1,396       1,326       1,195       1,238       1,183  
    Professional services   939       508       573       252       424  
    Other expenses   2,195       1,629       2,036       1,695       1,697  
    Total noninterest expense   15,689       14,055       14,190       13,425       12,962  
                                 
    Income before provision for income taxes   14,861       14,991       15,146       13,412       11,110  
    Income taxes   4,412       4,429       4,488       3,959       3,283  
    Net income $ 10,449     $ 10,562     $ 10,658     $ 9,453     $ 7,827  
    Net income available to common shareholders $ 10,361     $ 10,482     $ 10,573     $ 9,373     $ 7,761  
                                 
    Earnings per share                            
    Basic earnings per share $ 1.80     $ 1.83     $ 1.85     $ 1.64     $ 1.36  
    Diluted earnings per share $ 1.77     $ 1.80     $ 1.82     $ 1.63     $ 1.35  
                                 
    Average shares outstanding   5,754,872       5,734,688       5,716,291       5,707,723       5,702,938  
    Diluted average shares outstanding   5,837,537       5,826,229       5,813,197       5,767,401       5,762,616  
                                           
      Performance Ratios
      Jun 30, 2025   Mar 31, 2025   Dec 31, 2024   Sep 30, 2024   Jun 30, 2024
    ROAA   1.69 %     1.74 %     1.80 %     1.62 %     1.40 %
    ROAE   17.30 %     18.56 %     19.28 %     18.00 %     15.81 %
    ROATCE (1)   17.44 %     18.74 %     19.46 %     18.18 %     15.99 %
    Net interest margin   4.94 %     4.61 %     4.67 %     4.44 %     4.48 %
    Net interest spread   4.75 %     4.41 %     4.44 %     4.20 %     4.24 %
    Efficiency ratio (1)   49.27 %     47.90 %     48.34 %     49.46 %     49.46 %
    Noninterest expense / average assets   2.53 %     2.31 %     2.39 %     2.29 %     2.32 %

    (1) Non-GAAP measure. See GAAP to non-GAAP Reconciliation table.

     
    PRIVATE BANCORP OF AMERICA, INC.
    (Unaudited)
       
      Selected Quarterly Average Balances
      (Dollars in thousands)
      For the three months ended
      Jun 30, 2025   Mar 31, 2025   Dec 31, 2024   Sep 30, 2024   Jun 30, 2024
    Total assets $ 2,487,224     $ 2,467,778     $ 2,359,950     $ 2,328,399     $ 2,241,860  
    Earning assets $ 2,443,888     $ 2,439,242     $ 2,334,999     $ 2,303,537     $ 2,216,185  
    Total loans, including loans held for sale $ 2,069,415     $ 2,078,588     $ 2,036,178     $ 1,989,748     $ 1,939,746  
    Total deposits $ 2,195,344     $ 2,173,402     $ 2,071,050     $ 2,047,197     $ 1,961,099  
    Total shareholders’ equity $ 242,235     $ 230,731     $ 219,963     $ 208,889     $ 199,088  
                                           
      Loan Balances by Type
      (Dollars in thousands)
      Jun 30, 2025   Mar 31, 2025   Dec 31, 2024   Sep 30, 2024   Jun 30, 2024
    Commercial Real Estate (CRE):                            
    Investor owned $ 604,073     $ 577,512     $ 572,659     $ 560,481     $ 566,314  
    Owner occupied   223,558       228,232       223,442       221,364       216,876  
    Multifamily   160,902       163,218       162,330       175,387       177,390  
    Secured by single family   197,100       200,650       198,579       190,738       181,744  
    Land and construction   51,669       70,293       62,638       68,186       58,109  
    SBA secured by real estate   407,148       402,524       401,990       395,646       388,271  
    Total CRE   1,644,450       1,642,429       1,621,638       1,611,802       1,588,704  
    Commercial business:                            
    Commercial and industrial   404,489       417,258       441,182       383,874       378,161  
    SBA non-real estate secured   30,183       17,004       20,205       15,101       10,758  
    Total commercial business   434,672       434,262       461,387       398,975       388,919  
    Consumer   1,941       1,962       2,124       1,680       2,097  
    Total loans held for investment $ 2,081,063     $ 2,078,653     $ 2,085,149     $ 2,012,457     $ 1,979,720  
                                           
      Deposits by Type
      (Dollars in thousands)
      Jun 30, 2025   Mar 31, 2025   Dec 31, 2024   Sep 30, 2024   Jun 30, 2024
    Noninterest-bearing DDA $ 601,473     $ 599,095     $ 553,405     $ 584,292     $ 557,055  
    Interest-bearing DDA, excluding brokered   251,701       257,720       251,594       182,268       156,253  
    Savings & MMA, excluding brokered   990,798       981,491       887,740       920,219       861,508  
    Time deposits, excluding brokered   227,129       210,845       201,851       186,583       168,664  
    Total deposits, excluding brokered   2,071,101       2,049,151       1,894,590       1,873,362       1,743,480  
    Total brokered deposits   91,779       142,958       239,869       233,769       258,246  
    Total deposits $ 2,162,880     $ 2,192,109     $ 2,134,459     $ 2,107,131     $ 2,001,726  
                                           
    PRIVATE BANCORP OF AMERICA, INC.
    (Unaudited)
         
      Rollforward of Allowance for Credit Losses
      (Dollars in thousands)
      For the three months ended
      Jun 30, 2025   Mar 31, 2025   Dec 31, 2024   Sep 30, 2024   Jun 30, 2024
    Allowance for loan losses:                            
    Beginning balance $ 26,437     $ 27,267     $ 26,594     $ 26,591     $ 24,693  
    Provision for loan losses   1,741       460       673       3       1,994  
    Net (charge-offs) recoveries   –       (1,290 )     –       –       (96 )
    Ending balance   28,178       26,437       27,267       26,594       26,591  
    Reserve for unfunded commitments   899       1,348       1,509       2,165       1,865  
    Total allowance for credit losses $ 29,077     $ 27,785     $ 28,776     $ 28,759     $ 28,456  
                                           
      Asset Quality
      (Dollars in thousands)
      Jun 30, 2025   Mar 31, 2025   Dec 31, 2024   Sep 30, 2024   Jun 30, 2024
    Total loans held-for-investment $ 2,081,063     $ 2,078,653     $ 2,085,149     $ 2,012,457     $ 1,979,720  
    Allowance for loan losses $ (28,178 )   $ (26,437 )   $ (27,267 )   $ (26,594 )   $ (26,591 )
    30-89 day past due loans $ 4,842     $ 2,399     $ 1,952     $ –     $ –  
    90+ day past due loans $ 2,850     $ 13,223     $ 11,512     $ 11,512     $ 2,500  
    Nonaccrual loans $ 7,716     $ 15,565     $ 11,512     $ 11,512     $ 2,500  
    Other real estate owned (OREO) $ 8,568     $ –     $ –     $ –     $ –  
    NPAs / Total assets   0.66 %     0.63 %     0.47 %     0.48 %     0.11 %
    NPLs / Total loans held-for-investment   0.37 %     0.75 %     0.55 %     0.57 %     0.13 %
    Net quarterly charge-offs (recoveries) $ –     $ 1,290     $ –     $ –     $ 96  
    Net charge-offs (recoveries) /avg loans (annualized)   0.00 %     0.25 %     0.00 %     0.00 %     0.02 %
    Allowance for loan losses to loans HFI   1.35 %     1.27 %     1.31 %     1.32 %     1.34 %
    Allowance for loan losses to nonaccrual loans   365.19 %     169.85 %     236.86 %     231.01 %     1063.64 %
                                           

    PRIVATE BANCORP OF AMERICA, INC.
    (Unaudited)

    The following tables present a reconciliation of non-GAAP financial measures to GAAP measures for: efficiency ratio, pretax pre-provision net revenue, average tangible common equity, and return on average tangible common equity. We believe the presentation of certain non-GAAP financial measures provides useful information to assess our consolidated financial condition and consolidated results of operations and to assist investors in evaluating our financial results relative to our peers. These non-GAAP financial measures complement our GAAP reporting and are presented below to provide investors and others with information that we use to manage the business each period. Because not all companies use identical calculations, the presentation of these non-GAAP financial measures may not be comparable to other similarly titled measures used by other companies. These non-GAAP measures should be taken together with the corresponding GAAP measures and should not be considered a substitute of the GAAP measures.

         
      GAAP to Non-GAAP Reconciliation
      (Dollars in thousands)
                                 
      For the three months ended
      Jun 30, 2025   Mar 31, 2025   Dec 31, 2024   Sep 30, 2024   Jun 30, 2024
    Efficiency Ratio                            
    Noninterest expense $ 15,689     $ 14,055     $ 14,190     $ 13,425     $ 12,962  
    Net interest income   30,113       27,732       27,407       25,707       24,670  
    Noninterest income   1,730       1,613       1,946       1,434       1,538  
    Total net interest income and noninterest income   31,843       29,345       29,353       27,141       26,208  
    Efficiency ratio (non-GAAP)   49.27 %     47.90 %     48.34 %     49.46 %     49.46 %
                                 
    Pretax pre-provision net revenue                            
    Net interest income $ 30,113     $ 27,732     $ 27,407     $ 25,707     $ 24,670  
    Noninterest income   1,730       1,613       1,946       1,434       1,538  
    Total net interest income and noninterest income   31,843       29,345       29,353       27,141       26,208  
    Less: Noninterest expense   15,689       14,055       14,190       13,425       12,962  
    Pretax pre-provision net revenue (non-GAAP) $ 16,154     $ 15,290     $ 15,163     $ 13,716     $ 13,246  
                                 
    Return and Adjusted Return on Average Assets, Average Equity, Average Tangible Equity                            
    Net income $ 10,449     $ 10,562     $ 10,658     $ 9,453     $ 7,827  
    Average assets   2,487,224       2,467,778       2,359,950       2,328,399       2,241,860  
    Average shareholders’ equity   242,235       230,731       219,963       208,889       199,088  
    Less: Average intangible assets   1,953       2,098       2,028       2,051       2,163  
    Average tangible common equity (non-GAAP)   240,282       228,633       217,935       206,838       196,925  
                                 
    Return on average assets   1.69 %     1.74 %     1.80 %     1.62 %     1.40 %
    Return on average equity   17.30 %     18.56 %     19.28 %     18.00 %     15.81 %
    Return on average tangible common equity (non-GAAP)   17.44 %     18.74 %     19.46 %     18.18 %     15.99 %
                                 
    Tangible book value per share                            
    Total equity   246,939       235,235       223,534       214,213       201,442  
    Less: Total intangible assets   1,964       1,993       2,087       2,006       2,164  
    Total tangible equity   244,975       233,242       221,447       212,207       199,278  
    Shares outstanding   5,805,286       5,789,306       5,766,810       5,756,207       5,751,143  
    Tangible book value per share (non-GAAP) $ 42.20     $ 40.29     $ 38.40     $ 36.87     $ 34.65  
                                           

    PRIVATE BANCORP OF AMERICA, INC.
    (Unaudited)

    The following tables present a reconciliation of non-GAAP financial measures to GAAP measures for: efficiency ratio, adjusted efficiency ratio, pretax pre-provision net revenue, average tangible common equity, adjusted return on average assets, return on average tangible common equity and adjusted return on average tangible common equity. We believe the presentation of certain non-GAAP financial measures provides useful information to assess our consolidated financial condition and consolidated results of operations and to assist investors in evaluating our financial results relative to our peers. These non-GAAP financial measures complement our GAAP reporting and are presented below to provide investors and others with information that we use to manage the business each period. Because not all companies use identical calculations, the presentation of these non-GAAP financial measures may not be comparable to other similarly titled measures used by other companies. These non-GAAP measures should be taken together with the corresponding GAAP measures and should not be considered a substitute of the GAAP measures.

         
      GAAP to Non-GAAP Reconciliation  
      (Dollars in thousands)  
               
      Year to Date  
      Jun 30, 2025     Jun 30, 2024  
    Efficiency Ratio          
    Noninterest expense $ 29,744     $ 25,745  
    Net interest income   57,845       47,438  
    Noninterest income   3,343       2,964  
    Total net interest income and noninterest income   61,188       50,402  
    Efficiency ratio (non-GAAP)   48.61 %     51.08 %
               
    Pretax pre-provision net revenue          
    Net interest income $ 57,845     $ 47,438  
    Noninterest income   3,343       2,964  
    Total net interest income and noninterest income   61,188       50,402  
    Less: Noninterest expense   29,744       25,745  
    Pretax pre-provision net revenue (non-GAAP) $ 31,444     $ 24,657  
               
    Return and Adjusted Return on Average Assets, Average Equity, Average Tangible Equity          
    Net income $ 21,011     $ 15,711  
    Average assets   2,477,554       2,195,419  
    Average shareholders’ equity   236,517       194,708  
    Less: Average intangible assets   2,025       2,185  
    Average tangible common equity (non-GAAP)   234,492       192,523  
               
    Return on average assets   1.71 %     1.44 %
    Return on average equity   17.91 %     16.23 %
    Return on average tangible common equity (non-GAAP)   18.07 %     16.41 %
                   

    The MIL Network –