Category: GlobeNewswire

MIL-OSI: YieldMax™ ETFs Announces Distributions on BABO (115.03%), PLTY (111.13%), NVDY (105.43%), YMAX (45.55%), YMAG (53.55%) and Others

Source: GlobeNewswire (MIL-OSI)

CHICAGO and MILWAUKEE and NEW YORK, Feb. 26, 2025 (GLOBE NEWSWIRE) — YieldMax™ today announced distributions for the YieldMax™ Weekly Payers and Group B ETFs listed in the table below.

ETF Ticker¹	ETF Name	Distribution Frequency	Distribution per share	Distribution Rate^2,4	30-Day SEC Yield³	ROC⁵	Ex-Date & Record Date	Payment Date
QDTY	YieldMax™ Nasdaq 100 0DTE Covered Call ETF	*Weekly*	$0.3231	–	–	100.00%	2/27/25	2/28/25
SDTY	YieldMax™ S&P 500 0DTE Covered Call ETF	*Weekly*	$0.1977	–	–	44.79%	2/27/25	2/28/25
GPTY	YieldMax™ AI & Tech Portfolio Option Income ETF	*Weekly*	$0.3130	–	–	100.00%	2/27/25	2/28/25
LFGY	YieldMax™ Crypto Industry & Tech Portfolio Option Income ETF	*Weekly*	$0.5392	–	–	66.45%	2/27/25	2/28/25
YMAX	YieldMax™ Universe Fund of Option Income ETFs	*Weekly*	$0.1327	45.55%	77.11%	53.40%	2/27/25	2/28/25
YMAG	YieldMax™ Magnificent 7 Fund of Option Income ETFs	*Weekly*	$0.1760	53.55%	56.75%	57.11%	2/27/25	2/28/25
NVDY	YieldMax™ NVDA Option Income Strategy ETF	Every 4 Weeks	$1.6118	105.43%	4.15%	96.84%	2/27/25	2/28/25
DIPS	YieldMax™ Short NVDA Option Income Strategy ETF	Every 4 Weeks	$0.5845	62.49%	3.11%	31.40%	2/27/25	2/28/25
FBY	YieldMax™ META Option Income Strategy ETF	Every 4 Weeks	$0.4767	32.32%	3.12%	0.00%	2/27/25	2/28/25
GDXY	YieldMax™ Gold Miners Option Income Strategy ETF	Every 4 Weeks	$0.4424	37.26%	3.33%	92.35%	2/27/25	2/28/25
BABO	YieldMax™ BABA Option Income Strategy ETF	Every 4 Weeks	$1.9190	115.03%	3.12%	0.00%	2/27/25	2/28/25
JPMO	YieldMax™ JPM Option Income Strategy ETF	Every 4 Weeks	$0.2951	21.21%	3.18%	0.00%	2/27/25	2/28/25
MRNY	YieldMax™ MRNA Option Income Strategy ETF	Every 4 Weeks	$0.2308	82.83%	4.28%	95.55%	2/27/25	2/28/25
PLTY	YieldMax™ PLTR Option Income Strategy ETF	Every 4 Weeks	$5.9377	111.13%	2.64%	0.00%	2/27/25	2/28/25
MARO	YieldMax™ MARA Option Income Strategy ETF	Every 4 Weeks	$1.5575	79.11%	3.17%	95.82%	2/27/25	2/28/25
Weekly Payers & Group C ETFs scheduled for next week: QDTY SDTY GPTY LFGY YMAX YMAG CONY FIAT MSFO AMDY NFLY ABNY PYPY ULTY CVNY

Performance data quoted represents past performance and is no guarantee of future results. Investment return and principal value of an investment will fluctuate so that an investor’s shares, when sold or redeemed, may be worth more or less than their original cost and current performance may be lower or higher than the performance quoted above. Performance current to the most recent month-end can be obtained by calling (833) 378-0717.

Note: DIPS, FIAT, CRSH and YQQQ are hereinafter referred to as the “Short ETFs”.

Distributions are not guaranteed. The Distribution Rate and 30-Day SEC Yield are not indicative of future distributions, if any, on the ETFs. In particular, future distributions on any ETF may differ significantly from its Distribution Rate or 30-Day SEC Yield. You are not guaranteed a distribution under the ETFs. Distributions for the ETFs (if any) are variable and may vary significantly from period to period and may be zero. Accordingly, the Distribution Rate and 30-Day SEC Yield will change over time, and such change may be significant.

Investors in the Funds will not have rights to receive dividends or other distributions with respect to the underlying reference asset(s).

¹All YieldMax™ ETFs shown in the table above (except YMAX, YMAG, FEAT, FIVY and ULTY) have a gross expense ratio of 0.99%. YMAX, YMAG and FEAT have a Management Fee of 0.29% and Acquired Fund Fees and Expenses of 0.99% for a gross expense ratio of 1.28%. FIVY has a Management Fee of 0.29% and Acquired Fund Fees and Expenses of 0.59% for a gross expense ratio of 0.88%. “Acquired Fund Fees and Expenses” are indirect fees and expenses that the Fund incurs from investing in the shares of other investment companies, namely other YieldMax™ ETFs. ULTY has a gross expense ratio of 1.24%, but the investment adviser has agreed to a 0.10% fee waiver through at least February 28, 2025.

²The Distribution Rate shown is as of close on February 25, 2025. The Distribution Rate is the annual distribution rate an investor would receive if the most recent distribution, which includes option income, remained the same going forward. The Distribution Rate is calculated by annualizing an ETF’s Distribution per Share and dividing such annualized amount by the ETF’s most recent NAV. The Distribution Rate represents a single distribution from the ETF and does not represent its total return. Distributions may also include a combination of ordinary dividends, capital gain, and return of investor capital, which may decrease an ETF’s NAV and trading price over time. As a result, an investor may suffer significant losses to their investment. These Distribution Rates may be caused by unusually favorable market conditions and may not be sustainable. Such conditions may not continue to exist and there should be no expectation that this performance may be repeated in the future.

³The 30-Day SEC Yield represents net investment income, which excludes option income, earned by such ETF over the 30-Day period ended January 31, 2025, expressed as an annual percentage rate based on such ETF’s share price at the end of the 30-Day period.

⁴Each ETF’s strategy (except those of the Short ETFs) will cap potential gains if its reference asset’s shares increase in value, yet subjects an investor to all potential losses if the reference asset’s shares decrease in value. Such potential losses may not be offset by income received by the ETF. Each Short ETF’s strategy will cap potential gains if its reference asset decreases in value, yet subjects an investor to all potential losses if the reference asset increases in value. Such potential losses may not be offset by income received by the ETF.

⁵ROC refers to Return of Capital. The ROC percentage is the portion of the distribution that represents an investor’s original investment.

Each Fund has a limited operating history and while each Fund’s objective is to provide current income, there is no guarantee the Fund will make a distribution. Distributions are likely to vary greatly in amount.

Standardized Performance

For YMAX, click here. For YMAG, click here. For TSLY, click here. For OARK, click here. For APLY, click here. For NVDY, click here. For AMZY, click here. For FBY, click here. For GOOY, click here. For NFLY, click here. For CONY, click here. For MSFO, click here. For DISO, click here. For XOMO, click here. For JPMO, click here. For AMDY, click here. For PYPY, click here. For SQY, click here. For MRNY, click here. For AIYY, click here. For MSTY, click here. For ULTY, click here. For YBIT, click here. For CRSH, click here. For GDXY, click here. For SNOY, click here. For ABNY, click here. For FIAT, click here. For DIPS, click here. For BABO, click here. For YQQQ, click here. For TSMY, click here. For SMCY, click here. For PLTY, click here. For BIGY, click here. For SOXY, click here. For MARO, click here. For FEAT, click here. For FIVY, click here. For LFGY, click here. For GPTY, click here. For CVNY, click here. For SDTY, click here. For QDTY, click here.

Important Information

This material must be preceded or accompanied by the prospectus. For all prospectuses, click here.

Tidal Financial Group is the adviser for all YieldMax™ ETFs.

THE FUND, TRUST, AND ADVISER ARE NOT AFFILIATED WITH ANY UNDERLYING REFERENCE ASSET.

Risk Disclosures (applicable to all YieldMax ETFs referenced above, except the Short ETFs)

YMAX, YMAG, FEAT and FIVY generally invest in other YieldMax™ ETFs. As such, these two Funds are subject to the risks listed in this section, which apply to all the YieldMax™ ETFs they may hold from time to time.

Investing involves risk. Principal loss is possible.

Call Writing Strategy Risk. The path dependency (i.e., the continued use) of the Fund’s call writing strategy will impact the extent that the Fund participates in the positive price returns of the underlying reference asset and, in turn, the Fund’s returns, both during the term of the sold call options and over longer periods.

Counterparty Risk. The Fund is subject to counterparty risk by virtue of its investments in options contracts. Transactions in some types of derivatives, including options, are required to be centrally cleared (“cleared derivatives”). In a transaction involving cleared derivatives, the Fund’s counterparty is a clearing house rather than a bank or broker. Since the Fund is not a member of clearing houses and only members of a clearing house (“clearing members”) can participate directly in the clearing house, the Fund will hold cleared derivatives through accounts at clearing members.

Derivatives Risk. Derivatives are financial instruments that derive value from the underlying reference asset or assets, such as stocks, bonds, or funds (including ETFs), interest rates or indexes. The Fund’s investments in derivatives may pose risks in addition to, and greater than, those associated with directly investing in securities or other ordinary investments, including risk related to the market, imperfect correlation with underlying investments or the Fund’s other portfolio holdings, higher price volatility, lack of availability, counterparty risk, liquidity, valuation and legal restrictions.

Options Contracts. The use of options contracts involves investment strategies and risks different from those associated with ordinary portfolio securities transactions. The prices of options are volatile and are influenced by, among other things, actual and anticipated changes in the value of the underlying instrument, including the anticipated volatility, which are affected by fiscal and monetary policies and by national and international political changes in the actual or implied volatility or the reference asset, the time remaining until the expiration of the option contract and economic events.

Distribution Risk. As part of the Fund’s investment objective, the Fund seeks to provide current income. There is no assurance that the Fund will make a distribution in any given period. If the Fund does make distributions, the amounts of such distributions will likely vary greatly from one distribution to the next.

High Portfolio Turnover Risk. The Fund may actively and frequently trade all or a significant portion of the Fund’s holdings. A high portfolio turnover rate increases transaction costs, which may increase the Fund’s expenses.

Liquidity Risk. Some securities held by the Fund, including options contracts, may be difficult to sell or be illiquid, particularly during times of market turmoil.

Non-Diversification Risk. Because the Fund is “non-diversified,” it may invest a greater percentage of its assets in the securities of a single issuer or a smaller number of issuers than if it was a diversified fund.

New Fund Risk. The Fund is a recently organized management investment company with no operating history. As a result, prospective investors do not have a track record or history on which to base their investment decisions.

Price Participation Risk. The Fund employs an investment strategy that includes the sale of call option contracts, which limits the degree to which the Fund will participate in increases in value experienced by the underlying reference asset over the Call Period.

Single Issuer Risk. Issuer-specific attributes may cause an investment in the Fund to be more volatile than a traditional pooled investment, which diversifies risk or the market generally. The value of the Fund, which focuses on an individual security (ARKK, TSLA, AAPL, NVDA, AMZN, META, GOOGL, NFLX, COIN, MSFT, DIS, XOM, JPM, AMD, PYPL, SQ, MRNA, AI, MSTR, Bitcoin ETP, GDX^®, SNOW, ABNB, BABA, TSM, SMCI, PLTR, MARA, CVNA), may be more volatile than a traditional pooled investment or the market as a whole and may perform differently from the value of a traditional pooled investment or the market as a whole.

Inflation Risk. Inflation risk is the risk that the value of assets or income from investments will be less in the future as inflation decreases the value of money. As inflation increases, the present value of the Fund’s assets and distributions, if any, may decline.

Indirect Investment Risk. The Index is not affiliated with the Trust, the Fund, the Adviser, or their respective affiliates and is not involved with this offering in any way.

Risk Disclosures (applicable only to GPTY)

Artificial Intelligence Risk. Issuers engaged in artificial intelligence typically have high research and capital expenditures and, as a result, their profitability can vary widely, if they are profitable at all. The space in which they are engaged is highly competitive and issuers’ products and services may become obsolete very quickly. These companies are heavily dependent on intellectual property rights and may be adversely affected by loss or impairment of those rights. The issuers are also subject to legal, regulatory and political changes that may have a large impact on their profitability. A failure in an issuer’s product or even questions about the safety of the product could be devastating to the issuer, especially if it is the marquee product of the issuer. It can be difficult to accurately capture what qualifies as an artificial intelligence company.

Technology Sector Risk. The Fund will invest substantially in companies in the information technology sector, and therefore the performance of the Fund could be negatively impacted by events affecting this sector. Market or economic factors impacting technology companies and companies that rely heavily on technological advances could have a significant effect on the value of the Fund’s investments. The value of stocks of information technology companies and companies that rely heavily on technology is particularly vulnerable to rapid changes in technology product cycles, rapid product obsolescence, government regulation and competition, both domestically and internationally, including competition from foreign competitors with lower production costs. Stocks of information technology companies and companies that rely heavily on technology, especially those of smaller, less-seasoned companies, tend to be more volatile than the overall market. Information technology companies are heavily dependent on patent and intellectual property rights, the loss or impairment of which may adversely affect profitability.

Risk Disclosure (applicable only to MARO)

Digital Assets Risk: The Fund does not invest directly in Bitcoin or any other digital assets. The Fund does not invest directly in derivatives that track the performance of Bitcoin or any other digital assets. The Fund does not invest in or seek direct exposure to the current “spot” or cash price of Bitcoin. Investors seeking direct exposure to the price of Bitcoin should consider an investment other than the Fund. Digital assets like Bitcoin, designed as mediums of exchange, are still an emerging asset class. They operate independently of any central authority or government backing and are subject to regulatory changes and extreme price volatility.

Risk Disclosures (applicable only to BABO and TSMY)

Currency Risk: Indirect exposure to foreign currencies subjects the Fund to the risk that currencies will decline in value relative to the U.S. dollar. Currency rates in foreign countries may fluctuate significantly over short periods of time for a number of reasons, including changes in interest rates and the imposition of currency controls or other political developments in the U.S. or abroad.

Depositary Receipts Risk: The securities underlying BABO and TSMY are American Depositary Receipts (“ADRs”). Investment in ADRs may be less liquid than the underlying shares in their primary trading market.

Foreign Market and Trading Risk: The trading markets for many foreign securities are not as active as U.S. markets and may have less governmental regulation and oversight.

Foreign Securities Risk: Investments in securities of non-U.S. issuers involve certain risks that may not be present with investments in securities of U.S. issuers, such as risk of loss due to foreign currency fluctuations or to political or economic instability, as well as varying regulatory requirements applicable to investments in non-U.S. issuers. There may be less information publicly available about a non-U.S. issuer than a U.S. issuer. Non-U.S. issuers may also be subject to different regulatory, accounting, auditing, financial reporting and investor protection standards than U.S. issuers.

Risk Disclosures (applicable only to GDXY)

Risk of Investing in Foreign Securities. The Fund is exposed indirectly to the securities of foreign issuers selected by GDX^®’s investment adviser, which subjects the Fund to the risks associated with such companies. Investments in the securities of foreign issuers involve risks beyond those associated with investments in U.S. securities.

Risk of Investing in Gold and Silver Mining Companies. The Fund is exposed indirectly to gold and silver mining companies selected by GDX^®’s investment adviser, which subjects the Fund to the risks associated with such companies.

The Fund invests in options contracts based on the value of the VanEck Gold Miners ETF (GDX^®), which subjects the Fund to some of the same risks as if it owned GDX^®, as well as the risks associated with Canadian, Australian and Emerging Market Issuers, and Small- and Medium-Capitalization companies.

Risk Disclosures (applicable only to YBIT)

YBIT does not invest directly in Bitcoin or any other digital assets. YBIT does not invest directly in derivatives that track the performance of Bitcoin or any other digital assets. YBIT does not invest in or seek direct exposure to the current “spot” or cash price of Bitcoin. Investors seeking direct exposure to the price of Bitcoin should consider an investment other than YBIT.

Bitcoin Investment Risk: The Fund’s indirect investment in Bitcoin, through holdings in one or more Underlying ETPs, exposes it to the unique risks of this emerging innovation. Bitcoin’s price is highly volatile, and its market is influenced by the changing Bitcoin network, fluctuating acceptance levels, and unpredictable usage trends.

Digital Assets Risk: Digital assets like Bitcoin, designed as mediums of exchange, are still an emerging asset class. They operate independently of any central authority or government backing and are subject to regulatory changes and extreme price volatility. Potentially No 1940 Act Protections. As of the date of this Prospectus, there is only a single eligible Underlying ETP, and it is an investment company subject to the 1940 Act.

Bitcoin ETP Risk: The Fund invests in options contracts that are based on the value of the Bitcoin ETP. This subjects the Fund to certain of the same risks as if it owned shares of the Bitcoin ETP, even though it does not. Bitcoin ETPs are subject, but not limited, to significant risk and heightened volatility. An investor in a Bitcoin ETP may lose their entire investment. Bitcoin ETPs are not suitable for all investors. In addition, not all Bitcoin ETPs are registered under the Investment Company Act of 1940. Those Bitcoin ETPs that are not registered under such statute are therefore not subject to the same regulations as exchange traded products that are so registered.

Risk Disclosures (applicable only to the Short ETFs)

Investing involves risk. Principal loss is possible.

Price Appreciation Risk. As part of the Fund’s synthetic covered put strategy, the Fund purchases and sells call and put option contracts that are based on the value of the underlying reference asset. This strategy subjects the Fund to certain of the same risks as if it shorted the underlying reference asset, even though it does not. By virtue of the Fund’s indirect inverse exposure to changes in the value of the underlying reference asset, the Fund is subject to the risk that the value of the underlying reference asset increases. If the value of the underlying reference asset increases, the Fund will likely lose value and, as a result, the Fund may suffer significant losses.

Put Writing Strategy Risk. The path dependency (i.e., the continued use) of the Fund’s put writing (selling) strategy will impact the extent that the Fund participates in decreases in the value of the underlying reference asset and, in turn, the Fund’s returns, both during the term of the sold put options and over longer periods.

Purchased OTM Call Options Risk. The Fund’s strategy is subject to potential losses if the underlying reference asset increases in value, which may not be offset by the purchase of out-of-the-money (OTM) call options. The Fund purchases OTM calls to seek to manage (cap) the Fund’s potential losses from the Fund’s short exposure to the underlying reference asset if it appreciates significantly in value. However, the OTM call options will cap the Fund’s losses only to the extent that the value of the underlying reference asset increases to a level that is at or above the strike level of the purchased OTM call options. Any increase in the value of the underlying reference asset to a level that is below the strike level of the purchased OTM call options will result in a corresponding loss for the Fund. For example, if the OTM call options have a strike level that is approximately 100% above the then-current value of the underlying reference asset at the time of the call option purchase, and the value of the underlying reference asset increases by at least 100% during the term of the purchased OTM call options, the Fund will lose all its value. Since the Fund bears the costs of purchasing the OTM calls, such costs will decrease the Fund’s value and/or any income otherwise generated by the Fund’s investment strategy.

Options Contracts. The use of options contracts involves investment strategies and risks different from those associated with ordinary portfolio securities transactions. The prices of options are volatile and are influenced by, among other things, actual and anticipated changes in the value of the underlying reference asset, including the anticipated volatility, which are affected by fiscal and monetary policies and by national and international political changes in the actual or implied volatility or the reference asset, the time remaining until the expiration of the option contract and economic events.

High Portfolio Turnover Risk. The Fund may actively and frequently trade all or a significant portion of the Fund’s holdings.

Liquidity Risk. Some securities held by the Fund, including options contracts, may be difficult to sell or be illiquid, particularly during times of market turmoil.

Price Participation Risk. The Fund employs an investment strategy that includes the sale of put option contracts, which limits the degree to which the Fund will participate in decreases in value experienced by the underlying reference asset over the Put Period.

Single Issuer Risk. Issuer-specific attributes may cause an investment in the Fund to be more volatile than a traditional pooled investment, which diversifies risk or the market generally. The value of the Fund, for any Fund that focuses on an individual security (e.g., TSLA, COIN, NVDA), may be more volatile than a traditional pooled investment or the market as a whole and may perform differently from the value of a traditional pooled investment or the market as a whole.

Risk Disclosures (applicable only to YQQQ)

Index Overview. The Nasdaq 100 Index is a benchmark index that includes 100 of the largest non-financial companies listed on the Nasdaq Stock Market, based on market capitalization.

Index Level Appreciation Risk. As part of the Fund’s synthetic covered put strategy, the Fund purchases and sells call and put option contracts that are based on the Index level. This strategy subjects the Fund to certain of the same risks as if it shorted the Index, even though it does not. By virtue of the Fund’s indirect inverse exposure to changes in the Index level, the Fund is subject to the risk that the Index level increases. If the Index level increases, the Fund will likely lose value and, as a result, the Fund may suffer significant losses. The Fund may also be subject to the following risks: innovation and technological advancement; strong market presence of Index constituent companies; adaptability to global market trends; and resilience and recovery potential.

Index Level Participation Risk. The Fund employs an investment strategy that includes the sale of put option contracts, which limits the degree to which the Fund will benefit from decreases in the Index level experienced over the Put Period. This means that if the Index level experiences a decrease in value below the strike level of the sold put options during a Put Period, the Fund will likely not experience that increase to the same extent and any Fund gains may significantly differ from the level of the Index losses over the Put Period. Additionally, because the Fund is limited in the degree to which it will participate in decreases in value experienced by the Index level over each Put Period, but has significant negative exposure to any increases in value experienced by the Index level over the Put Period, the NAV of the Fund may decrease over any given period. The Fund’s NAV is dependent on the value of each options portfolio, which is based principally upon the inverse of the performance of the Index level. The Fund’s ability to benefit from the Index level decreases will depend on prevailing market conditions, especially market volatility, at the time the Fund enters into the sold put option contracts and will vary from Put Period to Put Period. The value of the options contracts is affected by changes in the value and dividend rates of component companies that comprise the Index, changes in interest rates, changes in the actual or perceived volatility of the Index and the remaining time to the options’ expiration, as well as trading conditions in the options market. As the Index level changes and time moves towards the expiration of each Put Period, the value of the options contracts, and therefore the Fund’s NAV, will change. However, it is not expected for the Fund’s NAV to directly inversely correlate on a day-to-day basis with the returns of the Index level. The amount of time remaining until the options contract’s expiration date affects the impact that the value of the options contracts has on the Fund’s NAV, which may not be in full effect until the expiration date of the Fund’s options contracts. Therefore, while changes in the Index level will result in changes to the Fund’s NAV, the Fund generally anticipates that the rate of change in the Fund’s NAV will be different than the inverse of the changes experienced by the Index level.

YieldMax™ ETFs are distributed by Foreside Fund Services, LLC. Foreside is not affiliated with Tidal Financial Group, or YieldMax™ ETFs.

The MIL Network –

February 27, 2025

MIL-OSI: Abaxx Singapore and ZEMA Global Data Announce Market Data Partnership

Source: GlobeNewswire (MIL-OSI)

TORONTO, Feb. 26, 2025 (GLOBE NEWSWIRE) — Abaxx Technologies Inc. (NEO:ABXX)(OTCQX:ABXXF) (“Abaxx” or the “Company”), a financial software and market infrastructure company, majority shareholder of Abaxx Singapore Pte Ltd. (“Abaxx Singapore”), the owner of Abaxx Commodity Exchange and Clearinghouse (individually, “Abaxx Exchange” and “Abaxx Clearing”), and producer of the SmarterMarkets™ Podcast, today announced that Abaxx Singapore has formed a partnership with ZEMA Global Data Corporation (“ZEMA”), a leading provider of enterprise data and analytics for the commodity and energy sectors. The collaboration integrates Abaxx Exchange market data into ZEMA’s platform, delivering seamless access to verified trade data and price references for market participants.

The partnership expands the accessibility of Abaxx Exchange’s market data to global financial institutions and commodity market participants through ZEMA’s advanced data platform. By integrating Abaxx’s suite of physically-deliverable commodity futures contracts — including LNG, nickel sulphate, carbon, and soon- launching lithium carbonate contracts — the collaboration enables end users to streamline data workflows and improve transparency. This integration facilitates timely access to reliable price references, supporting market participants in managing price volatility and developing effective hedging strategies.

“With this expansion of market data technology, we aim to empower commodity and energy markets with reliable price discovery and actionable hedging instrument prices,” said Nancy Seah, CEO of Abaxx Singapore. “This will enable market participants to execute their strategies with greater confidence. By improving the ecosystem, we help ensure a consistency in approach to risk management standards.”

Eric Steimel, Chief Data Officer of Zema added: “ZEMA Global is excited to announce our new data partnership with Abaxx Exchange. With a focus on LNG, carbon, and battery metals, Abaxx futures products provide much-needed price transparency and risk management solutions to help build smarter markets. This collaboration marks a powerful and much welcomed addition to ZEMA’s data platform as we continue to offer the most comprehensive, timely, and accurate data and analytics solutions for our clients.”

About Abaxx Technologies

Abaxx is building Smarter Markets — markets empowered by better financial technology and market infrastructure to address our biggest challenges, including the energy transition. In addition to developing and deploying financial technologies that make communication, trade, and transactions easier and more secure, Abaxx is an indirect majority-owner of subsidiaries Abaxx Exchange and Abaxx Clearing, recognized by MAS as a “recognised market operator” (RMO) and “approved clearing house” (ACH), respectively.

Abaxx Exchange and Abaxx Clearing are a Singapore-based commodity futures exchange and clearinghouse, introducing centrally cleared, physically deliverable commodities futures and derivatives to provide better price discovery and risk management tools for the commodities critical to our transition to a lower-carbon economy.

For more information please visit abaxx.tech, abaxx.exchange and smartermarkets.media.

About ZEMA Global Data Corporation

ZEMA Global Data Corporation is a leading provider of data, analytics and curve solutions, empowering organizations to harness the power of data for informed decision-making and strategic growth. With a commitment to innovation and client success, ZEMA delivers unparalleled value to its global clientele.

For more information about this press release, please contact:
Steve Fray, CFO
Tel: +1 647 490 1590

Media and Investor inquiries:
Abaxx Technologies Inc.
Investor Relations Team
Tel: +1 647 490 1590
E-mail: ir@abaxx.tech

Cautionary Statement Regarding Forward-Looking Information

This press release includes certain “forward-looking statements” which do not consist of historical facts. Forward-looking statements include estimates and statements that describe Abaxx’s future plans, objectives, or goals, including words to the effect that Abaxx expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as “seeking”, “should”, “intend”, “predict”, “potential”, “believes”, “anticipates”, “expects”, “estimates”, “may”, “could”, “would”, “will”, “continue”, “plan” or the negative of these terms and similar expressions. Since forward-looking statements are based on current expectations and assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on information currently available to Abaxx, Abaxx does not provide any assurance that actual results will meet respective management expectations. Risks, uncertainties, assumptions, and other factors involved with forward- looking information could cause actual events, results, performance, prospects, and opportunities to differ materially from those expressed or implied by such forward-looking information.

Forward-looking information related to Abaxx in this press release includes, but is not limited to: Abaxx’s objectives, goals or future plans; expansion of market data technology and the benefits to market participants; and the benefits to the Company from the partnership with ZEMA. Such factors impacting forward-looking information include, among others: risks relating to the global economic climate; dilution; Abaxx’s limited operating history; future capital needs and uncertainty of additional financing; the competitive nature of the industry; currency exchange risks; the need for Abaxx to manage its planned growth and expansion; the effects of product development and need for continued technology change; protection of proprietary rights; the effect of government regulation and compliance on Abaxx and the industry; acquiring and maintaining regulatory approvals for Abaxx’s products and operations; the ability to list Abaxx’s securities on stock exchanges in a timely fashion or at all; network security risks; the ability of Abaxx to maintain properly working systems; reliance on key personnel; global economic and financial market deterioration impeding access to capital or increasing the cost of capital; and volatile securities markets impacting security pricing unrelated to operating performance. In addition, particular factors which could impact future results of the business of Abaxx include but are not limited to: operations in foreign jurisdictions; protection of intellectual property rights; contractual risk; third-party risk; clearinghouse risk; malicious actor risks; third- party software license risk; system failure risk; risk of technological change; dependence of technical infrastructure; changes in the price of commodities; capital market conditions; and restriction on labor and international travel and supply chains in addition to the risk factors identified in the Company’s most recent management discussion and analysis filed on SEDAR+. Abaxx has also assumed that no significant events occur outside of Abaxx’s normal course of business.

Abaxx cautions that the foregoing list of material factors is not exhaustive. In addition, although Abaxx has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated, or intended. When relying on forward- looking statements and information to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. Abaxx has assumed that the material factors referred to in the previous paragraphs will not cause such forward-looking statements and information to differ materially from actual results or events. However, the list of these factors is not exhaustive and is subject to change and there can be no assurance that such assumptions will reflect the actual outcome of such items or factors. The forward-looking statements and information contained in this press release represents the expectations of Abaxx as of the date of this press release and, accordingly, is subject to change after such date. Abaxx undertakes no obligation to update or revise any forward-looking statements and information, whether as a result of new information, future events or otherwise, except as required by law. Accordingly, readers are cautioned not to place undue reliance on these forward-looking statements and information. Cboe Canada does not accept responsibility for the adequacy or accuracy of this press release.

The MIL Network –

February 27, 2025
MIL-OSI: Moody’s affirmed Aktia’s ratings and upgraded outlook from negative to stable

Source: GlobeNewswire (MIL-OSI)

Aktia Bank Plc
Press release
26 February 2025 at 2.00 p.m.

Moody’s affirmed Aktia’s ratings and upgraded outlook from negative to stable

On 26 February 2025, Moody’s Investors Service has upgraded the long-term outlook on Aktia’s credit ratings for short-term and long-term funding from negative to stable. At the same time, Moody’s confirmed Aktia’s short-term funding rating at A2/P-1 and long-term funding rating at A2.
Moody’s release is available at www.aktia.com under Investors > Debt & funding > Rating.

Aktia Bank Plc

Further information:
Timo Ruotsalainen, Head of Treasury, Tel. +358 50 386 1753
Oscar Taimitarha, Director, Investor Relations, Tel. +358 40 562 2315, email ir (at) aktia.fi

Distribution:
Nasdaq Helsinki Ltd
Mass media
www.aktia.com

Aktia is a Finnish asset manager, bank and life insurer that has been creating wealth and wellbeing from one generation to the next for 200 years. We serve our customers in digital channels everywhere and face-to-face in our offices in the Helsinki, Turku, Tampere, Vaasa and Oulu regions. Our award-winning asset management business sells investment funds internationally. We employ approximately 850 people around Finland. Aktia’s assets under management (AuM) on 31 December 2024 amounted to EUR 14.0 billion, and the balance sheet total was EUR 11.9 billion. Aktia’s shares are listed on Nasdaq Helsinki Ltd (AKTIA). aktia.com.

The MIL Network –

February 27, 2025

MIL-OSI: Sprott Announces Year Ended 2024 Results

Source: GlobeNewswire (MIL-OSI)

TORONTO, Feb. 26, 2025 (GLOBE NEWSWIRE) — Sprott Inc. (NYSE/TSX: SII) (“Sprott” or the “Company”) today announced its financial results for the year ended December 31, 2024.

Management commentary

“Sprott’s Assets Under Management (“AUM”) ended the year at $31.5 billion, down 6% from $33.4 billion as at September 30, 2024, but up 10% from $28.7 billion as at December 31, 2023. 2024 was our seventh consecutive year of double-digit AUM growth and, subsequent to year-end, as at February 21, 2025, AUM had further increased to $33.5 billion, up $2 billion, or 6% from December 31, 2024,” said Whitney George, Chief Executive Officer of Sprott. “During the year we benefited from strong precious metals prices as well as $698 million in net sales, primarily in our physical trusts and uranium and critical materials ETFs.”

“The recent turmoil in precious metals markets has highlighted the importance of physical ownership, an area where Sprott offers best-in-class solutions to individual and institutional investors. The realignment of global trade and a focus on energy security will create demand for critical materials produced in “friendly” jurisdictions. We continue to develop new exchange-listed and actively-managed critical materials strategies to capitalize on this powerful long-term trend. We have invested in our sales and marketing capabilities to deliver our clients the highest levels of client service, while building on our position as thought leaders in our core themes. Sprott is well positioned to create value for our clients and shareholders in the months and years ahead,” continued Mr. George.

Key AUM highlights¹

AUM ended the year at $31.5 billion as at December 31, 2024, down 6% from $33.4 billion as at September 30, 2024 but was up 10% from $28.7 billion as at December 31, 2023. Although fourth quarter AUM was negatively impacted by market value depreciation across most of our funds and the termination of certain subadvised fund contracts, 2024 was nevertheless our seventh consecutive year of double-digit AUM growth as we benefited from strong market value appreciation in our precious metals physical trusts and net inflows to our exchange listed products.

Key revenue highlights

Management fees were $41.4 million for the quarter, up 20% from $34.5 million for the quarter ended December 31, 2023 and $155.3 million on a full-year basis, up 17% from $132.3 million for the year ended December 31, 2023. Carried interest and performance fees were $2.5 million for the quarter, up from $0.5 million for the quarter ended December 31, 2023 and $7.3 million on a full-year basis, up from $0.9 million for the year ended December 31, 2023. Net fees were $38.6 million for the quarter, up 24% from $31 million for the quarter ended December 31, 2023 and $144.6 million on a full-year basis, up 22% from $118.8 million for the year ended December 31, 2023. Our revenue performance in the quarter and on a full-year basis was primarily due to higher average AUM on strong market value appreciation in our precious metals physical trusts and inflows to the majority of our exchange listed products. We also benefited from carried interest and performance fee crystallization in certain funds in our managed equities and private strategies segments.
Commission revenues were $0.8 million for the quarter, down 38% from $1.3 million for the quarter ended December 31, 2023 and $5.7 million on a full-year basis, down 31% from $8.3 million for the year ended December 31, 2023. Net commissions were $0.4 million for the quarter, down 47% from $0.7 million for the quarter ended December 31, 2023 and $2.7 million on a full-year basis, down 43% from $4.6 million for the year ended December 31, 2023. Commission revenue was lower in the quarter due to modest ATM activity in our critical materials physical trusts. On a full-year basis, the decline in commission revenue was due to the sale of our former Canadian broker-dealer in the second quarter of last year.
Finance income was $1.4 million for the quarter, up 4% from the quarter ended December 31, 2023 and $8.9 million on a full-year basis, up 37% from $6.5 million for the year ended December 31, 2023. The increase in the quarter was due to higher income generation in co-investment positions we hold in our LPs managed in our private strategies segment. The increase on a full-year basis was due to higher income earned on streaming syndication activity in the second quarter.

Key expense highlights

Net compensation expense was $17 million for the quarter, up 11% from $15.3 million for the quarter ended December 31, 2023 and $67.3 million on a full-year basis, up 10% from $61.2 million for the year ended December 31, 2023. The increase in the quarter and on a full-year basis was primarily due to increased Annual Incentive Program (“AIP”) accruals on higher net fee generation. Our net compensation ratio was 44% in the quarter (December 31, 2023 – 47%) and 45% on a full-year basis (December 31, 2023 – 49%).
SG&A expense was $4.9 million for the quarter, up 25% from $4 million for the quarter ended December 31, 2023 and $18.8 million on a full-year basis, up 13% from $16.6 million for the year ended December 31, 2023. The increase in the quarter and on a full-year basis was due to higher professional services, marketing and technology costs.

Earnings summary

Net income for the quarter was $11.7 million ($0.46 per share), up 21% from $9.7 million ($0.38 per share) for the quarter ended December 31, 2023 and was $49.3 million ($1.94 per share) on a full-year basis, up 18% from $41.8 million ($1.66 per share) for the year ended December 31, 2023. Our earnings in the quarter and on a full-year basis benefited from higher average AUM on strong market value appreciation in our precious metals physical trusts and inflows to the majority of our exchange listed products. We also benefited from carried interest and performance fee crystallization in certain funds in our managed equities and private strategies segments.
Adjusted base EBITDA was $22.4 million ($0.88 per share) for the quarter, up 19% from $18.8 million ($0.75 per share) for the quarter ended December 31, 2023 and $85.2 million ($3.35 per share) on a full-year basis, up 18% from $71.9 million ($2.85 per share) for the year ended December 31, 2023. Adjusted base EBITDA in the quarter and on a full-year basis benefited from higher average AUM on strong market value appreciation in our precious metals physical trusts and inflows to the majority our exchange listed products

^{1 See “non-IFRS financial measures” section in this press release and schedule 2 and 3 of “Supplemental financial information”}

Subsequent events

Subsequent to year-end, as at February 21, 2025, AUM was $33.5 billion, up 6% from $31.5 billion at December 31, 2024.
On February 25, 2025, the Sprott Board of Directors announced a quarterly dividend of $0.30 per share.

Supplemental financial information

Please refer to the December 31, 2024 annual financial statements of the Company and the related management discussion and analysis filed earlier this morning for further details into the Company’s financial position as at December 31, 2024 and the Company’s financial performance for the three and twelve months ended December 31, 2024.

Schedule 1 – AUM continuity

3 months results

(In millions $)	AUM Sep. 30, 2024	Net inflows ⁽¹⁾	Market value changes	Other net inflows ⁽¹⁾	AUM Dec. 31, 2024	Net management fee rate ⁽²⁾

Exchange listed products
– Precious metals physical trusts and ETFs
– Physical Gold Trust	8,617	35	(44)	—	8,608	0.35%
– Physical Silver Trust	5,566	83	(422)	—	5,227	0.45%
– Physical Gold and Silver Trust	5,225	(69)	(143)	—	5,013	0.40%
– Precious Metals ETFs	404	(10)	(40)	—	354	0.33%
– Physical Platinum & Palladium Trust	151	33	(16)	—	168	0.50%
	19,963	72	(665)	—	19,370	0.39%

– Critical materials physical trusts and ETFs
– Physical Uranium Trust	5,408	45	(591)	—	4,862	0.31%
– Critical Materials ETFs	2,307	27	(314)	—	2,020	0.52%
– Physical Copper Trust	103	(1)	(12)	—	90	0.32%
	7,818	71	(917)	—	6,972	0.37%

Total exchange listed products	27,781	143	(1,582)	—	26,342	0.39%

Managed equities ⁽³⁾⁽⁴⁾	3,276	(55)	(221)	(127)	2,873	0.90%

Private strategies ⁽⁴⁾	2,382	(35)	(27)	—	2,320	0.83%

Total AUM ⁽⁵⁾	33,439	53	(1,830)	(127)	31,535	0.47%


12 months results

(In millions $)	AUM Dec. 31, 2023	Net inflows ⁽¹⁾	Market value changes	Other net inflows ⁽¹⁾	AUM Dec. 31, 2024	Net management fee rate ⁽²⁾

Exchange listed products
– Precious metals physical trusts and ETFs
– Physical Gold Trust	6,532	351	1,725	—	8,608	0.35%
– Physical Silver Trust	4,070	339	818	—	5,227	0.45%
– Physical Gold and Silver Trust	4,230	(230)	1,013	—	5,013	0.40%
– Precious Metals ETFs	339	(24)	39	—	354	0.33%
– Physical Platinum & Palladium Trust	116	75	(23)	—	168	0.50%
	15,287	511	3,572	—	19,370	0.39%

– Critical materials physical trusts and ETFs
– Physical Uranium Trust	5,773	311	(1,222)	—	4,862	0.31%
– Critical materials ETFs	2,143	321	(444)	—	2,020	0.52%
– Physical Copper Trust	—	1	(21)	110	90	0.32%
	7,916	633	(1,687)	110	6,972	0.37%

Total exchange listed products	23,203	1,144	1,885	110	26,342	0.39%

Managed equities ⁽³⁾⁽⁴⁾	2,874	(222)	348	(127)	2,873	0.90%

Private strategies ⁽⁴⁾	2,661	(207)	(134)	—	2,320	0.83%

Total AUM ⁽⁵⁾	28,738	715	2,099	(17)	31,535	0.47%
^{(1) See “Net inflows” and “Other net inflows” in the key performance indicators and non-IFRS and other financial measures section of the MD&A.}
^{(2) Net management fee rate represents the weighted average fees for all funds in the category, net of fund expenses.}
^{(3) Managed equities is made up of primarily precious metal strategies (53%), high net worth managed accounts (38%) and U.S. value strategies (9%).}
^{(4) Prior period figures have been reclassified to conform with current presentation.}
^{(5) No performance fees are earned on exchange listed products. Certain managed equities products earn either performance fees based on returns above relevant benchmarks or earn carried interest calculated as a predetermined net profit over a preferred return. Private strategies LPs primarily earn carried interest calculated as a predetermined net profit over a preferred return.}

Schedule 2 – Summary financial information

(In thousands $)	Q4 2024		Q3 2024		Q2 2024		Q1 2024		Q4 2023		Q3 2023		Q2 2023		Q1 2023
Summary income statement
Management fees ⁽¹⁾	41,161		38,693		38,065		36,372		34,244		32,867		32,940		31,170
Fund expenses ^{(2), (3)}	(2,708	)	(2,385	)	(2,657	)	(2,234	)	(2,200	)	(1,740	)	(1,871	)	(1,795	)
Direct payouts	(1,561	)	(1,483	)	(1,408	)	(1,461	)	(1,283	)	(1,472	)	(1,342	)	(1,187	)
Carried interest and performance fees	2,511		4,110		698		—		503		—		388		—
Carried interest and performance fee payouts – internal	(830	)	—		(251	)	—		(222	)	—		(236	)	—
Carried interest and performance fee payouts – external ⁽³⁾	—		—		—		—		—		—		—		—
Net fees	38,573		38,935		34,447		32,677		31,042		29,655		29,879		28,188

Commissions	819		498		3,332		1,047		1,331		539		1,647		4,784
Commission expense – internal	(146	)	(147	)	(380	)	(217	)	(161	)	(88	)	(494	)	(1,727	)
Commission expense – external ⁽³⁾	(290	)	(103	)	(1,443	)	(312	)	(441	)	(92	)	(27	)	(642	)
Net commissions	383		248		1,509		518		729		359		1,126		2,415

Finance income ⁽²⁾	1,441		1,574		4,084		1,810		1,391		1,795		1,650		1,655
Gain (loss) on investments	(3,889	)	937		1,133		1,809		2,808		(1,441	)	(1,950	)	1,958
Co-investment income ⁽²⁾	296		418		416		274		170		462		1,327		93
Total net revenues ⁽²⁾	36,804		42,112		41,589		37,088		36,140		30,830		32,032		34,309

Compensation ⁽²⁾	19,672		18,547		19,225		17,955		17,096		16,939		21,468		19,556
Direct payouts	(1,561	)	(1,483	)	(1,408	)	(1,461	)	(1,283	)	(1,472	)	(1,342	)	(1,187	)
Carried interest and performance fee payouts – internal	(830	)	—		(251	)	—		(222	)	—		(236	)	—
Commission expense – internal	(146	)	(147	)	(380	)	(217	)	(161	)	(88	)	(494	)	(1,727	)
Severance, new hire accruals and other	(166	)	(58	)	—		—		(179	)	(122	)	(4,067	)	(1,257	)
Net compensation	16,969		16,859		17,186		16,277		15,251		15,257		15,329		15,385
Net compensation ratio	44	%	46	%	44	%	47	%	47	%	50	%	48	%	52	%

Severance, new hire accruals and other	166		58		—		—		179		122		4,067		1,257
Selling, general and administrative (“SG&A”) ⁽²⁾	4,949		4,612		5,040		4,173		3,963		3,817		4,752		4,026
SG&A recoveries from funds ⁽¹⁾	(280	)	(275	)	(260	)	(231	)	(241	)	(249	)	(282	)	(264	)
Interest expense	613		933		715		830		844		882		1,087		1,247
Depreciation and amortization	600		502		568		551		658		731		748		706
Foreign exchange (gain) loss ⁽²⁾	(2,706	)	1,028		122		168		1,295		37		1,440		440
Other (income) and expenses ⁽²⁾	—		—		(580	)	—		3,368		4,809		(18,890	)	1,249
Total expenses	20,311		23,717		22,791		21,768		25,317		25,406		8,251		24,046

Net income	11,680		12,697		13,360		11,557		9,664		6,773		17,724		7,638
Net income per share	0.46		0.50		0.53		0.45		0.38		0.27		0.70		0.30
Adjusted base EBITDA	22,362		20,675		22,375		19,751		18,759		17,854		17,953		17,321
Adjusted base EBITDA per share	0.88		0.81		0.88		0.78		0.75		0.71		0.71		0.68

Summary balance sheet
Total assets	388,798		412,477		406,265		389,784		378,835		375,948		381,519		386,765
Total liabilities	65,150		82,198		90,442		82,365		73,130		79,705		83,711		108,106

Total AUM	31,535,062		33,439,221		31,053,136		29,369,191		28,737,742		25,398,159		25,141,561		25,377,189
Average AUM	33,401,157		31,788,412		31,378,343		29,035,667		27,014,109		25,518,250		25,679,214		23,892,335
^{(1) Previously, management fees within the above summary financial information table included SG&A recoveries from funds consistent with IFRS 15. For management reporting purposes, these recoveries are now shown next to their associated expense as management believes this will enable readers to transparently identify the net economics of these recoveries. However, consistent with IFRS 15, SG&A recoveries from funds are still shown within the “Management fees” line on the consolidated statement of operations. Prior year figures have been reclassified to conform with current presentation.}
^{(2) Current and prior period figures on the consolidated statements of operations include the following adjustments: (1) trading costs incurred in managed accounts are now included within “Fund expenses” (previously included within “SG&A”); (2) interest income earned on cash deposits are now included within “Finance income” (previously included within “Other income”); (3) co-investment income and income attributable to non-controlling interest are now included as part of “Co-investment income” (previously included within “Other income”); (4) expenses attributable to non-controlling interest is now included within “Co-investment income” (previously included within “Other expenses”); (5) the mark-to-market expense of DSU issuances are now included within “Compensation” (previously included within “Other expenses”); (6) foreign exchange (gain) loss is now shown separately (previously included within “Other expenses”); and (7) shares received on a previously unrecorded contingent asset in Q2 2023 are now included within “Other (income) and expenses” (previously included within “Other income”). Management believes the above changes enable readers to better identify the nature of these revenues and expenses. Prior year figures have been reclassified to conform with current presentation.}
^{(3) These amounts are included in the “Fund expenses” line on the consolidated statements of operations.}

Schedule 3 – EBITDA reconciliation

	3 months ended				12 months ended

(In thousands $)	Dec. 31, 2024		Dec. 31, 2023		Dec. 31, 2024		Dec. 31, 2023
Net income for the period	11,680		9,664		49,294		41,799
Net income margin ⁽¹⁾	27	%	24	%	28	%	28	%
Adjustments:
Interest expense	613		844		3,091		4,060
Provision for income taxes	4,813		1,159		19,712		8,492
Depreciation and amortization	600		658		2,221		2,843
EBITDA	17,706		12,325		74,318		57,194
Adjustments:
(Gain) loss on investments ⁽²⁾	3,889		(2,808	)	10		(1,375	)
Stock-based compensation ⁽³⁾	4,988		4,681		18,817		17,128
Foreign exchange (gain) loss ⁽⁴⁾	(2,706	)	1,295		(1,388	)	3,212
Severance, new hire accruals and other ⁽⁴⁾	166		179		224		5,625
Revaluation of contingent consideration ⁽⁴⁾	—		2,254		(580	)	—
Costs relating to exit of non-core business ⁽⁴⁾	—		155		—		5,142
Non-recurring regulatory, professional fees and other ⁽⁴⁾	—		959		—		3,982
Shares received on recognition of contingent asset ⁽⁴⁾	—		—		—		(18,588	)
Carried interest and performance fees	(2,511	)	(503	)	(7,319	)	(891	)
Carried interest and performance fee payouts – internal	830		222		1,081		458
Carried interest and performance fee payouts – external	—		—		—		—
Adjusted base EBITDA	22,362		18,759		85,163		71,887
Adjusted base EBITDA margin ⁽⁵⁾	59	%	56	%	58	%	57	%
^{(1) Calculated as IFRS net income divided by IFRS total revenue.}
^{(2) This adjustment removes the income effects of certain gains or losses on short-term investments, co-investments, and digital gold strategies to ensure the reporting objectives of our EBITDA metric as described below are met.}
^{(3) In prior years, the mark-to-market expense of DSU issuances were included with “other (income) and expenses”. In the current period, these costs are included as part of “stock based compensation”. Prior year figures have been reclassified to conform with current presentation.}
^{(4) Foreign exchange (gain) and loss, severance, new hire accruals and other; revaluation of contingent consideration; costs relating to exit of non-core business; non-recurring regulatory, professional fees and other; and shares received on recognition of contingent asset were previously included with “other (income) and expenses” and are now shown separately in the reconciliation of adjusted base EBITDA above. Prior year figures have been reclassified to conform with current presentation.}
^{(5) Prior year figures have been restated to remove the adjustment of depreciation and amortization.}

Conference Call and Webcast

A webcast will be held today, February 26, 2025 at 10:00 am ET to discuss the Company’s financial results.

To listen to the webcast, please register at: https://edge.media-server.com/mmc/p/syh6xw97

Please note, analysts who cover the Company should register at: https://register.vevent.com/register/BIe9622ad4a1434ee3beff3bfb7224f1ef

This press release includes financial terms (including AUM, net commissions, net fees, expenses, adjusted base EBITDA, adjusted base EBITDA margin and net compensation) that the Company utilizes to assess the financial performance of its business that are not measures recognized under International Financial Reporting Standards (“IFRS”). These non-IFRS measures should not be considered alternatives to performance measures determined in accordance with IFRS and may not be comparable to similar measures presented by other issuers. Non-IFRS financial measures do not have a standardized meaning prescribed by IFRS and are therefore unlikely to be comparable to similar measures presented by other issuers. Our key performance indicators and non-IFRS and other financial measures are discussed below. For quantitative reconciliations of non-IFRS financial measures to their most directly comparable IFRS financial measures please see schedule 2 and schedule 3 of the “Supplemental financial information” section of this press release.

Net fees

Management fees, net of fund expenses and direct payouts, and carried interest and performance fees, net of carried interest and performance fee payouts (internal and external), are key revenue indicators as they represent the net revenue contribution after directly associated costs that we generate from our AUM.

Net commissions

Commissions, net of commission expenses (internal and external), arise primarily from purchases and sales of critical materials in our exchange listed products segment and transaction-based service offerings by our broker dealers.

Net compensation & net compensation ratio

Net compensation excludes commission expenses paid to employees, other direct payouts to employees, carried interest and performance fee payouts to employees, which are all presented net of their related revenues in this MD&A, and severance, new hire accruals and other which are non-recurring. Net compensation ratio is calculated as net compensation divided by net revenues.

EBITDA, adjusted base EBITDA and adjusted base EBITDA margin

EBITDA in its most basic form is defined as earnings before interest expense, income taxes, depreciation and amortization. EBITDA (or adjustments thereto) is a measure commonly used in the investment industry by management, investors and investment analysts in understanding and comparing results by factoring out the impact of different financing methods, capital structures, amortization techniques and income tax rates between companies in the same industry. While other companies, investors or investment analysts may not utilize the same method of calculating EBITDA (or adjustments thereto), the Company believes its adjusted base EBITDA metric results in a better comparison of the Company’s underlying operations against its peers and a better indicator of recurring results from operations as compared to other non-IFRS financial measures. Adjusted base EBITDA margins are a key indicator of a company’s profitability on a per dollar of revenue basis, and as such, is commonly used in the financial services sector by analysts, investors and management.

Forward Looking Statements

Certain statements in this press release contain forward-looking information and forward-looking statements (collectively referred to herein as the “Forward-Looking Statements”) within the meaning of applicable Canadian and U.S. securities laws. The use of any of the words “expect”, “anticipate”, “continue”, “estimate”, “may”, “will”, “project”, “should”, “believe”, “plans”, “intends” and similar expressions are intended to identify Forward-Looking Statements. In particular, but without limiting the forgoing, this press release contains Forward-Looking Statements pertaining to: (i) our ability to capitalize on our constructive outlook in precious metals and critical materials; and (ii) the declaration, payment and designation of dividends and confidence that our business will support the dividend level without impacting our ability to fund future growth initiatives.

Although the Company believes that the Forward-Looking Statements are reasonable, they are not guarantees of future results, performance or achievements. A number of factors or assumptions have been used to develop the Forward-Looking Statements, including: (i) the impact of increasing competition in each business in which the Company operates will not be material; (ii) quality management will be available; (iii) the effects of regulation and tax laws of governmental agencies will be consistent with the current environment; (iv) the impact of public health outbreaks; and (v) those assumptions disclosed under the heading “Critical Accounting Estimates, Judgments and Changes in Accounting Policies” in the Company’s MD&A for the period ended December 31, 2024. Actual results, performance or achievements could vary materially from those expressed or implied by the Forward-Looking Statements should assumptions underlying the Forward-Looking Statements prove incorrect or should one or more risks or other factors materialize, including: (i) difficult market conditions; (ii) poor investment performance; (iii) failure to continue to retain and attract quality staff; (iv) employee errors or misconduct resulting in regulatory sanctions or reputational harm; (v) performance fee fluctuations; (vi) a business segment or another counterparty failing to pay its financial obligation; (vii) failure of the Company to meet its demand for cash or fund obligations as they come due; (viii) changes in the investment management industry; (ix) failure to implement effective information security policies, procedures and capabilities; (x) lack of investment opportunities; (xi) risks related to regulatory compliance; (xii) failure to manage risks appropriately; (xiii) failure to deal appropriately with conflicts of interest; (xiv) competitive pressures; (xv) corporate growth which may be difficult to sustain and may place significant demands on existing administrative, operational and financial resources; (xvi) failure to comply with privacy laws; (xvii) failure to successfully implement succession planning; (xviii) foreign exchange risk relating to the relative value of the U.S. dollar; (xix) litigation risk; (xx) failure to develop effective business resiliency plans; (xxi) failure to obtain or maintain sufficient insurance coverage on favorable economic terms; (xxii) historical financial information being not necessarily indicative of future performance; (xxiii) the market price of common shares of the Company may fluctuate widely and rapidly; (xxiv) risks relating to the Company’s investment products; (xxv) risks relating to the Company’s proprietary investments; (xxvi) risks relating to the Company’s private strategies business; (xxvii) those risks described under the heading “Risk Factors” in the Company’s annual information form dated February 25, 2025; and (xxviii) those risks described under the headings “Managing Financial Risks” and “Managing Non-Financial Risks” in the Company’s MD&A for the period ended December 31, 2024. In addition, the payment of dividends is not guaranteed and the amount and timing of any dividends payable by the Company will be at the discretion of the Board of Directors of the Company and will be established on the basis of the Company’s earnings, the satisfaction of solvency tests imposed by applicable corporate law for the declaration and payment of dividends, and other relevant factors. The Forward-Looking Statements speak only as of the date hereof, unless otherwise specifically noted, and the Company does not assume any obligation to publicly update any Forward-Looking Statements, whether as a result of new information, future events or otherwise, except as may be expressly required by applicable securities laws.

About Sprott

Sprott is a global asset manager focused on precious metals and critical materials investments. We are specialists. We believe our in-depth knowledge, experience and relationships separate us from the generalists. Our investment strategies include Exchange Listed Products, Managed Equities and Private Strategies. Sprott has offices in Toronto, New York, Connecticut and California and the company’s common shares are listed on the New York Stock Exchange and the Toronto Stock Exchange under the symbol (SII). For more information, please visit www.sprott.com.

Investor contact information:

Glen Williams
Managing Partner
Investor and Institutional Client Relations
(416) 943-4394
gwilliams@sprott.com

The MIL Network –

February 27, 2025

MIL-OSI: Arctic Wolf Threat Report: 96 Percent of Ransomware Cases Included Data Theft as Cybercriminals Double Down on Extortion
Source: GlobeNewswire (MIL-OSI)

EDEN PRAIRIE, Minn., Feb. 26, 2025 (GLOBE NEWSWIRE) — February 26, 2025 – Arctic Wolf®, a global leader in security operations, today released its annual Arctic Wolf Threat Report, offering an in-depth analysis of the evolving cyber threat landscape. This year’s findings underscore how cybercriminals are adapting their methods to bypass stronger security defenses—prioritizing data theft, refining business email compromise (BEC) scams, and exploiting known vulnerabilities to infiltrate organizations worldwide.

Leveraging insights from Arctic Wolf’s incident response (IR) engagements, threat intelligence research, and telemetry from the Arctic Wolf Aurora Platform, the report provides a detailed examination of the tactics, techniques, and procedures (TTPs) attackers are using to outmaneuver traditional defenses. It also offers actionable recommendations for organizations looking to enhance their cybersecurity resilience, taking advantage of the report’s description of the current threat landscape.

“The 2025 Arctic Wolf Threat Report highlights a critical shift in cybercriminal behavior: data exfiltration has become the norm, not the exception,” said Kerri Shafer-Page, vice president of incident response, Arctic Wolf. “Threat actors are no longer just locking up data with ransomware; they’re stealing it first to maximize pressure on victims. The insights help organizations understand the risks they face today and shape the advanced detection and response strategies embedded within the Arctic Wolf Aurora Platform to keep our customers secure.”

Key findings from the 2025 Arctic Wolf Threat Report include:
- Steal first, extort second. As organizations improve their ability to recover from ransomware, cybercriminals have turned to data exfiltration to increase leverage—96% of ransomware cases analyzed included data theft.
- The cybercrime trifecta. Three types of cybersecurity incidents account for 95% of all incident response (IR) cases: ransomware 44%, business email compromise (BEC) 27%, and intrusions 24%.
- Threat actors follow the money. BEC continues to grow as a preferred tactic, particularly in the finance and insurance sector, where it accounted for 53% of IR cases—making it the only industry where BEC outpaced ransomware.
- Patch or pay. In 76% of intrusion cases, attackers exploited just 10 specific vulnerabilities—none of which were zero-days, and most linked to remote access tools and externally facing services. This reinforces the need for proactive patch management.
- Ransomware’s price tag: $600K. Median ransom demands remain high at $600,000 USD, demonstrating that ransomware remains a lucrative business for cybercriminals despite increased law enforcement action.
- Never split the difference. The Arctic Wolf Incident Response Team helped reduce aggregate ransom demands by 64%, and 70% of clients using Arctic Wolf’s negotiation services avoided paying ransoms altogether.
The 2025 Arctic Wolf Threat Report brings together Arctic Wolf’s top security minds—from incident responders and researchers to data scientists and engineers—to provide a comprehensive analysis of today’s evolving cyber threat landscape. This essential resource helps security, IT, and business leaders anticipate threats, strengthen defenses, and stay ahead of adversaries. Powered by insights from the Arctic Wolf Aurora Platform and backed by security operations expertise from one of the world’s largest commercial Security Operations Centers (SOCs), Arctic Wolf delivers the intelligence and defense organizations need to proactively detect, respond to, and remediate cyber threats.

For additional insights and to download the full 2025 Arctic Wolf Threat Report, visit arcticwolf.com.

Additional Resources:

About Arctic Wolf

Arctic Wolf® is a global leader in security operations, enabling customers to manage their cyber risk in the face of modern cyber-attacks via a premier cloud-native security operations platform. The Arctic Wolf Aurora Platform ingests and analyzes more than eight trillion security events a week to help enable cyber defense at an unprecedented capacity and scale, empowering customers of virtually any size across a wide range of industries to feel confident in their security posture, readiness, and long-term resilience. By delivering automated threat protection, response, and remediation capabilities, Arctic Wolf delivers world-class security operations with the push of a button so customers can defend their greatest assets at the speed of data.

Press Contact:
Lauren Back
PR@arcticwolf.com

© 2025 Arctic Wolf Networks, Inc., All Rights Reserved. Arctic Wolf, Aurora, Alpha AI, Arctic Wolf Security Operations Cloud, Arctic Wolf Managed Detection and Response, Arctic Wolf Managed Risk, Arctic Wolf Managed Security Awareness, Arctic Wolf Incident Response, and Arctic Wolf Concierge Security Team are either trademarks or registered trademarks of Arctic Wolf Networks, Inc. or Arctic Wolf Networks Canada, Inc. and any subsidiaries in Canada, the United States, and/or other countries.

The MIL Network –
February 27, 2025

MIL-OSI: HSBC Bank Plc – Form 8.5 (EPT/RI) – Wood Group (John) plc

Source: GlobeNewswire (MIL-OSI)

FORM 8.5 (EPT/RI)

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

1. KEY INFORMATION

(a) Name of exempt principal trader:	HSBC Bank Plc
(b) Name of offeror/offeree in relation to whose relevant securities this form relates: Use a separate form for each offeror/offeree	Wood Group (John) plc
(c) Name of the party to the offer with which exempt principal trader is connected:	OFFEROR: Dar Al-Handasah Consultants Shair and Partners Holdings Ltd
(d) Date dealing undertaken:	25 February 2025
(e) In addition to the company in 1(b) above, is the exempt principal trader making disclosures in respect of any other party to this offer? If it is a cash offer or possible cash offer, state “N/A”	N/A

2. DEALINGS BY THE EXEMPT PRINCIPAL TRADER

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

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

(a) Purchases and sales

Class of relevant security

Purchases/ sales

Total number of securities

Highest price per unit paid/received
(GBP)

Lowest price per unit paid/received
(GBP)

Ordinary Shares

Purchase

1,207,943

40.424 p

36.980 p

Ordinary Shares

Sale

1,261,983

40.424 p

36.980 p

(b) Cash-settled derivative transactions

Class of relevant security	Product description	Nature of dealing	Number of reference securities	Price per unit (GBP)
Class of relevant security	e.g. CFD	e.g. opening/closing a long/short position, increasing/reducing a long/short position	Number of reference securities	Price per unit (GBP)
Ordinary shares	Swap	Opening a Long Position	11,306	38.383 p
Ordinary shares	Swap	Opening a Long Position	2,824	39.437 p
Ordinary shares	Swap	Opening a Long Position	53,054	38.534 p
Ordinary shares	Swap	Opening a Long Position	7,479	37.815 p
Ordinary shares	Swap	Opening a Long Position	17,455	38.935 p
Ordinary shares	Swap	Opening a Long Position	21,922	38.396 p
Ordinary shares	Swap	Increasing a Short Position	60,000	38.400 p

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

(i) Writing, selling, purchasing or varying

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

(ii) Exercise

Class of relevant security

Product description
e.g. call option

Exercising/ exercised against

Number of securities

Exercise price per unit

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

Class of relevant security

Nature of dealing
e.g. subscription, conversion

Details

Price per unit (if applicable)

3. OTHER INFORMATION

(a) Indemnity and other dealing arrangements

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

None

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

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

None

Date of disclosure:	26 February 2025
Contact name:	Dhruti Singh
Telephone number:	0207 088 2000

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

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

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

The MIL Network –

February 27, 2025

MIL-OSI: Virtune Announces Partnership with Tydliga and Its Market Platform, Spartorget

Source: GlobeNewswire (MIL-OSI)

Stockholm, February 26, 2025 – Virtune announces today that it has entered into an agreement with Tydliga, one of Sweden’s largest independent organizations for insurance brokers. Tydliga supports over 400 members, including insurance brokers and investment advisors, who together represent more than 300,000 clients and generate approximately 7 billion SEK in premiums for savings and insurance companies.

Through this agreement, Virtune will be able to market its crypto exchange-traded products (ETPs) to Tydliga’s extensive network of advisors and insurance brokers. The cooperation agreement aims to increase awareness of crypto assets as an asset class, exchange-traded products, and how these can be a natural part of a well-balanced portfolio.

Virtune is a Swedish regulated digital asset manager and issuer of exchange-traded products (ETPs) listed on regulated marketplaces, including Nasdaq Stockholm. Virtune currently manages approximately 3.3 billion SEK, and their product range currently consists of 13 ETPs.

“The partnership with Tydliga is an important step for us at Virtune. It gives us the opportunity to reach a broader customer base through Tydliga’s extensive network of professional advisors and insurance brokers,” says Christopher Kock, CEO of Virtune.

This collaboration marks an important step in making crypto investments via exchange-traded products more accessible to the Swedish market, while ensuring that investments are made through regulated channels.

Press contact

Christopher Kock, CEO Virtune AB (Publ)
Christopher@virtune.com
+46 70 073 45 64

Virtune with its headquarters in Stockholm is a regulated Swedish digital asset manager and issuer of crypto exchange traded products on regulated European exchanges. With regulatory compliance, strategic collaborations with industry leaders and our proficient team, we empower investors on a global level to access innovative and sophisticated investment products that are aligned with the evolving landscape of the global crypto market.

Cryptocurrency investments are associated with high risk. Virtune does not provide investment advice. Investments are made at your own risk. Securities may increase or decrease in value, and there is no guarantee that you will recover your invested capital. Please read the prospectus, KID, terms at www.virtune.com

The MIL Network –

February 27, 2025
MIL-OSI: Global Net Lease Announces Sale of Multi-Tenant Portfolio for Approximately $1.8 Billion
Source: GlobeNewswire (MIL-OSI)

– Proposed Transaction Accelerates Deleveraging Plan, Net Debt to Adjusted EBITDA Would be Lowered to 6.5x to 7.1x

– The Company Announces Opportunistic $300 Million Share Repurchase Program

NEW YORK, Feb. 26, 2025 (GLOBE NEWSWIRE) — Global Net Lease, Inc. (“GNL” or the “Company”) today announced that it has entered into a binding agreement to sell its multi-tenant portfolio of 100 non-core properties to a subsidiary of RCG Ventures Holdings, LLC for approximately $1.8 billion (the “multi-tenant portfolio sale”) at an 8.4% cash cap rate¹. This transformative transaction would accelerate GNL’s deleveraging initiative and position the Company as a pure-play, single-tenant net lease company.

GNL launched its strategic disposition initiative in 2024, with the objectives of significantly reducing debt, enhancing financial flexibility and lowering its cost of capital. Following the completion of the multi-tenant portfolio sale – which would represent the most significant step in this initiative to date – GNL expects to have completed by the end of 2025 nearly $3 billion in dispositions since the start of 2024, inclusive of properties in its disposition pipeline². GNL expects to use the net proceeds from the multi-tenant portfolio sale to significantly reduce the outstanding balance on GNL’s Revolving Credit Facility. The Board of Directors concurrently has approved a share repurchase program authorizing the Company to opportunistically repurchase up to $300 million of its outstanding common stock in accordance with typical practice for such programs.

“We believe the proposed sale of our multi-tenant portfolio is a strategic and prudent transaction that will bolster our balance sheet and position GNL for continued success,” said Michael Weil, CEO of GNL. “The proposed transaction greatly decreases operational complexities, G&A expenses and capital expenditures associated with multi-tenant retail properties. The announcement marks a pivotal milestone in our strategic disposition initiative, offering a range of benefits with a clear emphasis on long-term value. The transaction reflects a disciplined and measured approach to accelerating debt reduction, driving a significant decrease in Net Debt to Adjusted EBITDA. We believe the resulting improvement in our capital structure strengthens our position to achieve an investment-grade credit rating, which may further reduce our cost of capital and enhance financial flexibility to support long-term growth.”

Strategic Benefits of the Transaction
- Significantly Reduces Leverage and Improves Liquidity Position: The transaction would accelerate GNL’s debt reduction efforts, significantly decreasing Net Debt to Adjusted EBITDA to an expected range of 6.5x to 7.1x post-transaction. GNL intends to apply the net proceeds of the multi-tenant portfolio sale toward significantly reducing the outstanding balance on its Revolving Credit Facility. The Company anticipates this substantial deleveraging will enhance GNL’s ability to pursue an investment-grade credit rating, which would further lower our cost of capital and provide the financial flexibility needed to fuel long-term growth.
- Transforms GNL into a Pure-Play, Single-Tenant Net Lease Company: The transaction would enable GNL to refine its strategy and become a pure-play net lease REIT, concentrating on single-tenant assets. This transition is expected to generate approximately $6.5 million in recurring annual G&A savings, along with additional cash savings from a substantial reduction in annual capital expenditures, while drastically simplifying operations by eliminating the complexities of owning multi-tenant retail properties.
- Enhances Key Portfolio Metrics: The transaction is expected to positively impact GNL’s key portfolio metrics by boosting occupancy to 98%, extending weighted average remaining lease term to 6.4 years, increasing the proportion of investment-grade tenants to 66% and enhancing annual rent escalations to 89%.
GNL received a $25 million non-refundable deposit from RCG at signing of the binding agreement. The transaction is expected to close in three phases: the unencumbered portfolio is scheduled to close by the end of Q1 2025, while the encumbered portfolio is set to close in two stages by the end of Q2 2025, pending approval of the respective loan assumptions and other customary closing conditions.

GNL Announces Authorization of a $300 Million Share Repurchase Program

On February 20, 2025, GNL’s Board of Directors authorized a share repurchase program for up to an aggregate amount of $300 million of the Company’s outstanding shares of common stock. Under the program, which does not have a stated expiration date, GNL may repurchase shares of its common stock from time to time through open market purchases, including pursuant to Rule 10b5-1 pre-set trading plans and under Rule 10b-18 of the Securities Exchange Act of 1934, as amended, privately negotiated transactions, accelerated share repurchase transactions entered into with one or more counterparties or otherwise, in compliance with applicable securities laws and other legal requirements. The timing, volume, and nature of repurchases are subject to market conditions, applicable securities laws, and other factors, and the program may be amended, suspended or discontinued at any time.

GNL will share additional insights as part of its 2025 full-year guidance, which will be released after market close on February 27, 2025.

Advisors

BofA Securities is serving as GNL’s exclusive financial advisor for the multi-tenant portfolio sale, and BMO Capital Markets is also acting as an advisor to the Company. Paul, Weiss, Rifkind, Wharton & Garrison LLP is providing legal counsel to the Company.

Truist Securities, Inc. served as a financial advisor to RCG Ventures and provided committed financing for the transaction. McGuireWoods LLP is providing legal counsel to RCG Ventures in respect of real estate acquisition and financing matters and King & Spalding LLP is providing legal counsel to RCG Ventures in respect of fund formation and transaction-related matters. Gibson Avenue Capital, LLC is also serving as an advisor to RCG Ventures.

Footnotes

¹ Cash cap rate is calculated using the trailing twelve months of cash Net Operating Income as of September 30, 2024.

² Disposition data as of February 21, 2025, includes transactions that are either closed or are pipeline transactions under agreement or letter of intent, and assumes purchase agreements and letters of intent lead to closing based on their contemplated terms, which cannot be assured.

About Global Net Lease, Inc.

Global Net Lease, Inc. is a publicly traded real estate investment trust listed on the NYSE, which focuses on acquiring and managing a global portfolio of income producing net lease assets across the United States, and Western and Northern Europe. Additional information about GNL can be found on its website at www.globalnetlease.com.

About RCG Ventures

RCG Ventures is a fully integrated real estate investment firm led by a team of professionals that specialize in the acquisition, development, leasing, management, and financing of multi-tenant retail real estate. Since its inception in 2003, RCG has acquired over $1.6 billion in retail assets and has managed as much as 14 million square feet of retail real estate.

Important Notice

The statements in this press release that are not historical facts may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding the timing of the closing of, and the Company’s ability to consummate, the multi-tenant portfolio sale. These forward-looking statements involve risks and uncertainties that could cause the outcome to be materially different. The words such as “may,” “will,” “seeks,” “anticipates,” “believes,” “expects,” “estimates,” “projects,” “potential,” “predicts,” “plans,” “intends,” “would,” “could,” “should” and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. These forward-looking statements are subject to a number of risks, uncertainties and other factors, many of which are outside of the Company’s control, which could cause actual results to differ materially from the results contemplated by the forward-looking statements. These risks and uncertainties include the risks that any potential future acquisition or disposition (including the multi-tenant portfolio sale) by the Company is subject to market conditions, capital availability and timing considerations and may not be identified or completed on favorable terms, or at all. Some of the risks and uncertainties, although not all risks and uncertainties, that could cause the Company’s actual results to differ materially from those presented in its forward-looking statements are set forth in the Risk Factors and “Quantitative and Qualitative Disclosures about Market Risk” sections in the Company’s Annual Report on Form 10-K, its Quarterly Reports on Form 10-Q, and all of its other filings with the U.S. Securities and Exchange Commission, as such risks, uncertainties and other important factors may be updated from time to time in the Company’s subsequent reports. Further, forward-looking statements speak only as of the date they are made, and the Company undertakes no obligation to update or revise any forward-looking statement to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results over time, unless required by law.

Contacts:
Investor Relations
Email: investorrelations@globalnetlease.com
Phone: (332) 265-2020

The MIL Network –
February 27, 2025
MIL-OSI: CLEAR Announces Fourth Quarter and Full Year 2024 Financial Results

Source: GlobeNewswire (MIL-OSI)

NEW YORK, Feb. 26, 2025 (GLOBE NEWSWIRE) — Clear Secure, Inc. (NYSE: YOU), the secure identity platform, has posted a shareholder letter containing its 2024 fourth quarter and full year financial results on its Investor Relations website at https://ir.clearme.com.

CLEAR will host a conference call to discuss those results at 8:00 AM (ET) today. Investors and analysts can access the live teleconference call by dialing toll-free 877-407-3089 for U.S. participants and +1-215-268-9854 for international participants. Listeners can access the live webcast HERE. A webcast replay will be available after the event on the investor relations website at https://ir.clearme.com.

About CLEAR
CLEAR’s mission is to create frictionless experiences. With over 30 million Members and a growing network of partners across the world, CLEAR’s identity platform is transforming the way people live, work, and travel. Whether you are traveling, at the stadium, or on your phone, CLEAR connects you to the things that make you, you – making everyday experiences easier, more secure, and friction-free. CLEAR is committed to privacy done right. Members are always in control of their own information, and we never sell member data. For more information, visit clearme.com.

Media Contact
CLEAR
media@clearme.com

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

The MIL Network –

February 27, 2025
MIL-OSI: Radware’s Cyber Threat Report: Web DDoS Attacks Surge 550% in 2024
Source: GlobeNewswire (MIL-OSI)

MAHWAH, N.J., Feb. 26, 2025 (GLOBE NEWSWIRE) — Radware^® (NASDAQ: RDWR), a global leader in application security and delivery solutions for multi-cloud environments, released its 2025 Global Threat Analysis Report.

Radware’s new report leverages intelligence provided by 2024 network and application attack activity sourced from the company’s cloud and managed services and threat intelligence research team. In addition, it draws from information found on Telegram, a public messaging platform often used by cybercriminals.

2024 report highlights
- The average duration of network DDoS attacks increases 37% over 2023
- North America faces 66% of web application and API attacks
- Nearly 400% year-over-year growth in DDoS attack volume strikes finance and transportation
- Hacktivist claims rise 20% globally; governments top targets
“Multiple catalysts drove the threat revolution witnessed in 2024, including geopolitical conflicts, bigger and more complex threat surfaces, and more sophisticated and persistent threats,” said Pascal Geenens, director of threat intelligence at Radware. “Add to that the impact of AI, which is lowering barriers to entry, multiplying the number of adversaries and enabling even novice actors to successfully launch malicious campaigns, and what you have is a threat landscape that looks very daunting.”

Web DDoS attacks mount on geopolitical tensions
Layer 7 (L7) Web DDoS attacks escalated significantly, linked predominately to hacktivist groups motivated by geopolitical conflicts and facilitated by easy accessibility to more sophisticated tools. During 2024:
- Number of attacks: Total Web DDoS attacks surged 550% compared to 2023.
- Geographic targets: EMEA remained the primary target, accounting for 78% of global incidents.
Network-layer DDoS attacks become bigger and more prolonged
The volume, frequency and duration of network DDoS attacks more than doubled since 2022. During 2024:
- Attack volume: The average mitigated attack volume rose 120% compared to 2023.
- Attack duration: The average duration of attacks increased 37% over 2023.
- Geographic targets: Organizations in Europe faced the highest proportion of network DDoS activity, accounting for 45% of the global attack volume, followed by North America (21%).
- Industry targets: Telecommunications bore 43% of the global network DDoS attack volume, followed by finance at 30%. Growing faster than the global average of 120%, finance experienced the steepest growth in attack volume per organization, increasing 393% year-over-year, followed by transportation and logistics (375%), e-commerce (238%), and service providers (237%).
“The escalations in the threat landscape have significant implications for every sector from finance and telecommunications to government and e-commerce and beyond,” explained Geenens. “Organizations are operating in a dynamic environment that demands equally dynamic defense strategies. While bad actors don’t have to do their jobs perfectly to have a major impact, defenders do.”

Application-layer DNS DDoS attacks post unprecedented gains
Last year was a pivotal year in the evolution of L7 DNS DDoS attacks. During 2024:
- Attack activity: The amount of DNS flood queries rose 87% over 2023.
- Industry targets: The financial sector accounted for 44% of the total L7 DNS attack activity. Healthcare (13%) ranked second, followed by telecom (10%), and communications (8%).
Hacktivist campaigns intensify marked by retaliation and disruption
Propelled by political and ideological tensions, hacktivism remained a leading driver of cyberattacks. According to data gathered from Telegram in 2024:
- Number of attacks: The total number of claimed DDoS attacks increased by 20% compared to 2023.
- Geographic targets: Ukraine was the most targeted nation with 2,052 claimed attacks, followed by Israel (1,550). The United States became a prime target for DDoS-as-a-service providers.
- Industry targets: Government institutions were the top hacktivist targets, accounting for 20% of hacktivist activity, followed by business services (9%), finance (9%) and transportation (7%).
- Top claiming actors: Pro-Russian hacker NoName057(16), the most prolific threat actor in 2024, claimed 4,767 DDoS attacks, followed by RipperSec (1,388), Executor DDoS (1,002) and the Cyber Army of Russia Reborn (716).
Web applications and APIs become prime targets for exploitation
Attackers aim to profit from the expanding complexity and breath of the threat surface in modern organizations by exploiting known vulnerabilities. In 2024:
- Number of attacks: Web application and API attacks climbed 41% compared to 2023.
- Attack vector: Vulnerability exploitation remained the most prominent attack type, comprising more than one-third of all malicious requests.
- Geographic targets: North America experienced 66% of these attacks, followed by EMEA (26%).
Radware’s complete 2025 Global Threat Analysis Report can be downloaded here.

About Radware
Radware^® (NASDAQ: RDWR) is a global leader in application security and delivery solutions for multi-cloud environments. The company’s cloud application, infrastructure, and API security solutions use AI-driven algorithms for precise, hands-free, real-time protection from the most sophisticated web, application, and DDoS attacks, API abuse, and bad bots. Enterprises and carriers worldwide rely on Radware’s solutions to address evolving cybersecurity challenges and protect their brands and business operations while reducing costs. For more information, please visit the Radware website.

Radware encourages you to join our community and follow us on: Facebook, LinkedIn, Radware Blog, X, YouTube, and Radware Mobile for iOS.

©2025 Radware Ltd. All rights reserved. Any Radware products and solutions mentioned in this press release are protected by trademarks, patents, and pending patent applications of Radware in the U.S. and other countries. For more details, please see: https://www.radware.com/LegalNotice/. All other trademarks and names are property of their respective owners.

THIS PRESS RELEASE AND THE RADWARE 2025 GLOBAL THREAT ANALYSIS REPORT ARE PROVIDED FOR INFORMATIONAL PURPOSES ONLY. THESE MATERIALS ARE NOT INTENDED TO BE AN INDICATOR OF RADWARE’S BUSINESS PERFORMANCE OR OPERATING RESULTS FOR ANY PRIOR, CURRENT, OR FUTURE PERIOD.

Radware believes the information in this document is accurate in all material respects as of its publication date. However, the information is provided without any express, statutory, or implied warranties and is subject to change without notice.

The contents of any website or hyperlinks mentioned in this press release are for informational purposes and the contents thereof are not part of this press release.

Safe Harbor Statement
This press release includes “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Any statements made herein that are not statements of historical fact, including statements about Radware’s plans, outlook, beliefs, or opinions, are forward-looking statements. Generally, forward-looking statements may be identified by words such as “believes,” “expects,” “anticipates,” “intends,” “estimates,” “plans,” and similar expressions or future or conditional verbs such as “will,” “should,” “would,” “may,” and “could.” For example, when we say in this press release that organizations are operating in a dynamic environment that demands equally dynamic defense strategies, we are using forward-looking statements. Because such statements deal with future events, they are subject to various risks and uncertainties, and actual results, expressed or implied by such forward-looking statements, could differ materially from Radware’s current forecasts and estimates. Factors that could cause or contribute to such differences include, but are not limited to: the impact of global economic conditions, including as a result of the state of war declared in Israel in October 2023 and instability in the Middle East, the war in Ukraine, and the tensions between China and Taiwan; our dependence on independent distributors to sell our products; our ability to manage our anticipated growth effectively; a shortage of components or manufacturing capacity could cause a delay in our ability to fulfill orders or increase our manufacturing costs; our business may be affected by sanctions, export controls, and similar measures, targeting Russia and other countries and territories, as well as other responses to Russia’s military conflict in Ukraine, including indefinite suspension of operations in Russia and dealings with Russian entities by many multi-national businesses across a variety of industries; the ability of vendors to provide our hardware platforms and components for the manufacture of our products; our ability to attract, train, and retain highly qualified personnel; intense competition in the market for cyber security and application delivery solutions and in our industry in general, and changes in the competitive landscape; our ability to develop new solutions and enhance existing solutions; the impact to our reputation and business in the event of real or perceived shortcomings, defects, or vulnerabilities in our solutions, if our end-users experience security breaches, if our information technology systems and data, or those of our service providers and other contractors, are compromised by cyber-attackers or other malicious actors or by a critical system failure; outages, interruptions, or delays in hosting services; the risks associated with our global operations, such as difficulties and costs of staffing and managing foreign operations, compliance costs arising from host country laws or regulations, partial or total expropriation, export duties and quotas, local tax exposure, economic or political instability, including as a result of insurrection, war, natural disasters, and major environmental, climate, or public health concerns, such as the COVID-19 pandemic; our net losses in the past two years and possibility we may incur losses in the future; a slowdown in the growth of the cyber security and application delivery solutions market or in the development of the market for our cloud-based solutions; long sales cycles for our solutions; risks and uncertainties relating to acquisitions or other investments; risks associated with doing business in countries with a history of corruption or with foreign governments; changes in foreign currency exchange rates; risks associated with undetected defects or errors in our products; our ability to protect our proprietary technology; intellectual property infringement claims made by third parties; laws, regulations, and industry standards affecting our business; compliance with open source and third-party licenses; and other factors and risks over which we may have little or no control. This list is intended to identify only certain of the principal factors that could cause actual results to differ. For a more detailed description of the risks and uncertainties affecting Radware, refer to Radware’s Annual Report on Form 20-F, filed with the Securities and Exchange Commission (SEC), and the other risk factors discussed from time to time by Radware in reports filed with, or furnished to, the SEC. Forward-looking statements speak only as of the date on which they are made and, except as required by applicable law, Radware undertakes no commitment to revise or update any forward-looking statement in order to reflect events or circumstances after the date any such statement is made. Radware’s public filings are available from the SEC’s website at www.sec.gov or may be obtained on Radware’s website at www.radware.com.

Media Contact:
Gerri Dyrek
Radware
Gerri.Dyrek@radware.com

The MIL Network –
February 27, 2025
MIL-OSI: CLEAR Announces Leadership Transition: Michael Barkin Joins as President, Jen Hsu Named CFO, and Ken Cornick to Step Down

Source: GlobeNewswire (MIL-OSI)

NEW YORK, Feb. 26, 2025 (GLOBE NEWSWIRE) — CLEAR (NYSE: YOU), the secure identity platform, today announced that Ken Cornick, Co-Founder, President, and Chief Financial Officer, is stepping down from his executive positions and will transition to an advisory role. Cornick helped bring CLEAR’s vision of a global secure identity platform to life – starting in travel and expanding into enterprises to make experiences safer and easier both physically and digitally. In 2010, CLEAR started with just 190,000 Members and today has over 30 million Members on our secure identity platform.

CLEAR has named Michael Barkin as President, effective March 31, 2025. Barkin has served on CLEAR’s Board of Directors since 2019, bringing deep knowledge of CLEAR’s business and extensive strategic, operational and financial leadership experience. He previously served as Executive Vice President and Chief Financial Officer at Vail Resorts, where he played a key role in the company’s growth. Prior to Vail Resorts, Barkin held roles in private equity at KRG Capital and Bain Capital, as well as in strategy consulting at Bain & Company.

CLEAR also announced that Jen Hsu has been named Chief Financial Officer, effective March 31, 2025. Hsu brings deep financial expertise, most recently serving as Vice President, Head of Corporate Development and Investor Relations at Chewy, where she led corporate finance and investor relations. She previously held senior finance leadership roles at JPMorgan and Goldman Sachs.

“From the beginning, Ken’s dedication to CLEAR’s mission has been vital, and I am grateful for his countless contributions over the past 15 years. It has been an amazing journey as we’ve scaled CLEAR and created a brand that stands for trust, safety and frictionless experiences. I look forward to his continued partnership as a valued advisor,” said CLEAR CEO, Caryn Seidman Becker. “I’m thrilled to welcome Michael as our new President for the next phase of growth at CLEAR. Michael has been a great board member and now having him as our President and my partner is invaluable. His strategic vision, leadership and deep experience scaling businesses globally will help CLEAR achieve our vision. Additionally, Jen’s financial leadership will be a tremendous asset as we continue to expand our platform and drive long-term growth in members, bookings, and free cash flow.”

“I am honored to join CLEAR at such an exciting time,” said Michael Barkin. “CLEAR has built a valuable and trusted identity platform that makes experiences safer and easier, and I look forward to working with Caryn and the entire team to drive the company’s growth.”

“Joining CLEAR at this pivotal moment is an exciting opportunity, and I’m honored to help shape its next chapter,” said Jen Hsu. “CLEAR is setting the standard for secure identity across industries, and I look forward to working with Caryn, Michael, and the rest of the team to strengthen its financial strategy, drive innovation, and create lasting value for Members, partners, staff, and shareholders.”

“On behalf of the Clear Secure Board, I want to thank Ken Cornick for his contributions to CLEAR as a co-founder and leader since the Company’s formation,” said Jeffery H. Boyd, Lead Independent Director. “We look forward to working with Ken in his advisory role and are fortunate to have Michael Barkin, a valued member of our Board, and Jen Hsu, an impressive finance executive, join the CLEAR management team.”

About CLEAR
CLEAR’s mission is to create frictionless experiences. With over 30 million Members and a growing network of partners across the world, CLEAR’s identity platform is transforming the way people live, work, and travel. Whether you are traveling, at the stadium, or on your phone, CLEAR connects you to the things that make you, you – making everyday experiences easier, more secure, and friction-free. CLEAR is committed to privacy done right. Members are always in control of their own information, and we never sell Member data. For more information, visit clearme.com.

Forward-Looking Statements
This release may contain statements that constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that any and such forward-looking statements are not guarantees of future performance or results and involve risks and uncertainties, and that actual results, developments and events may differ materially from those in the forward-looking statements as a result of various factors, including those described in the Company’s filings within the Securities and Exchange Commission, including the sections titled “Risk Factors” in our Annual Report on Form 10-K. The Company disclaims any obligation to update any forward-looking statements contained herein.

CLEAR
media@clearme.com

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

The MIL Network –

February 27, 2025

MIL-OSI: 5/2025・Trifork Group AG – Reporting of transactions made by persons discharging managerial responsibilities

Source: GlobeNewswire (MIL-OSI)

Company announcement no. 5 / 2025
Schindellegi, Switzerland – 26 February 2025

Reporting of transactions made by persons discharging managerial responsibilities

Pursuant to the Market Abuse Regulation Article 19, Trifork Group AG (Swiss company registration number CHE-474.101.854) (“Trifork”) hereby notifies receipt of information of the following transactions made by persons discharging managerial responsibilities in Trifork in connection with fixed salaries paid in shares. Reference is made to company announcement no. 1/2025 on 21 January 2025.

1.	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Jørn Larsen
2.	Reason for the notification
a)	Position/status	CEO
b)	Initial notification/ Amendment	Initial notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Trifork Group AG
b)	LEI	8945004BYZKXPESTBL36
4.1	Details of the transaction(s)
a)	Description of the financial instrument, type of instrument Identification code	Shares ISIN CH1111227810
b)	Nature of the transaction	A share of 25% of the fixed monthly salary is paid out in shares as described in the company announcement no. 1/2025.
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		DKK 0	1’345
d)	Aggregated information — Aggregated volume — Price	N/A
e)	Date of the transaction	26 February 2025
f)	Place of the transaction	Outside a trading venue

1.	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Kristian Wulf-Andersen
2.	Reason for the notification
a)	Position/status	CFO
b)	Initial notification/ Amendment	Initial notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Trifork Group AG
b)	LEI	8945004BYZKXPESTBL36
4.1	Details of the transaction(s)
a)	Description of the financial instrument, type of instrument Identification code	Shares ISIN CH1111227810
b)	Nature of the transaction	A share of 10% of the fixed monthly salary is paid out in shares as described in the company announcement no. 1/2025.
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		DKK 0	358
d)	Aggregated information — Aggregated volume — Price	N/A
e)	Date of the transaction	26 February 2025
f)	Place of the transaction	Outside a trading venue

Information and questions
Frederik Svanholm, Group Investment Director, frsv@trifork.com, +41 79 357 73 17

About Trifork
Trifork is a pioneering global technology partner, empowering enterprise and public sector customers with innovative solutions. With 1,278 professionals across 76 business units in 15 countries, Trifork delivers expertise in inspiring, building, and running advanced software solutions across diverse sectors, including public administration, healthcare, manufacturing, logistics, energy, financial services, retail, and real estate. Trifork Labs, the Group’s R&D hub, drives innovation by investing in and developing synergistic and high-potential technology companies. Trifork Group AG is a publicly listed company on Nasdaq Copenhagen. Learn more at trifork.com.

Attachment

CA_05_25 PDMR

The MIL Network –

February 26, 2025

MIL-OSI: ACM Research Reports Fourth Quarter and Fiscal Year 2024 Results

Source: GlobeNewswire (MIL-OSI)

FREMONT, Calif., Feb. 26, 2025 (GLOBE NEWSWIRE) — ACM Research, Inc. (“ACM”) (NASDAQ: ACMR), a leading supplier of wafer processing solutions for semiconductor and advanced packaging applications, today reported financial results for its fourth quarter and fiscal year ended December 31, 2024.

“2024 was a year of strong execution for ACM. We expanded our product portfolio and broadened the addressable markets we serve,” said ACM’s President and Chief Executive Officer, Dr. David Wang. “We grew revenue by 40% and total shipments by 63%. We gained additional market share by capitalizing on product cycles and deepening engagements with key customers, demonstrating the strength of our multi-product portfolio. Our operating profit increased by 57.6%, and we generated $152 million in cash flow from operations.”

Dr. Wang continued, “In the fourth quarter, we achieved two major operational milestones. First, we achieved process qualification of our Thermal and Plasma-Enhanced ALD furnace tools at two semiconductor customers in mainland China. Second, we commenced initial operations at our Lingang production facility, and we are on track to transition additional capacity to Lingang as we progress through the year.”

Dr. Wang concluded, “Looking ahead to 2025, we remain focused on expanding our business with incremental revenue contribution from Tahoe, SPM, and Furnace, additional customer evaluations for both Track and PECVD, increasing localization in China, and contributions from our expanding global footprint. Regarding the addition of our subsidiaries to the U.S. Entity List, we believe the impact on the ability of ACM Research (Shanghai) to produce tools will be manageable, and that we can continue to support our global customer base.”

	Three Months Ended December 31,
	GAAP						Non-GAAP(1)
		2024			2023			2024			2023
	(dollars in thousands, except EPS)
Revenue	$	223,471		$	170,321		$	223,471		$	170,321
Gross margin		49.6	%		46.4	%		49.8	%		46.8	%
Income from operations	$	43,989		$	23,374		$	52,773		$	36,046
Net income attributable to ACM Research, Inc.	$	31,080		$	17,700		$	37,740		$	28,681
Basic EPS	$	0.49		$	0.29		$	0.60		$	0.47
Diluted EPS	$	0.46		$	0.26		$	0.56		$	0.43

		Twelve Months Ended December 31,
		GAAP						Non-GAAP(1)
			2024			2023			2024			2023
		(dollars in thousands, except EPS)
Revenue		$	782,118		$	557,723		$	782,118		$	557,723
Gross margin			50.1	%		49.5	%		50.4	%		49.8	%
Income from operations		$	150,998		$	95,839		$	200,574		$	123,177
Net income attributable to ACM Research, Inc.		$	103,627		$	77,349		$	152,230		$	107,424
Basic EPS		$	1.67		$	1.29		$	2.45		$	1.79
Diluted EPS		$	1.53		$	1.16		$	2.26		$	1.63

(1)	Reconciliations to U.S. generally accepted accounting principles (“GAAP”) financial measures from non-GAAP financial measures are presented below under “Reconciliation of GAAP to Non-GAAP Financial Measures.” Non-GAAP financial measures exclude stock-based compensation and, with respect to net income (loss) attributable to ACM Research, Inc. and basic and diluted earnings per share, also exclude unrealized gain (loss) on short-term investments.

Outlook

ACM is maintaining its revenue guidance range of $850 million to $950 million for fiscal year 2025. This expectation is based on ACM management’s current assessment of the continuing impact from international trade policy, together with various expected spending scenarios of key customers, supply chain constraints, and the timing of acceptances for first tools under evaluation in the field, among other factors. We have updated our long-term business model to a gross margin target range of 42% to 48%, versus the prior range of 40% to 45%.

Operating Highlights and Recent Announcements

Shipments. Total shipments in 2024 were $973 million, up 63.1%. Total shipments in the fourth quarter of 2024 were $264 million, versus $140 million in the fourth quarter of 2023. Total shipments include deliveries for revenue in the quarter and deliveries of first tool systems awaiting customer acceptance for potential revenue in future quarters.
Thermal and Plasma-Enhanced ALD furnace tools achieved process qualification. ACM announced the achievement of process qualification of its Ultra Fn A Plasma-Enhanced Atomic Layer Deposition (PEALD) and Thermal Atomic Layer Deposition (Thermal ALD) Furnace tools at two mainland China semiconductor customers.

Full Year 2024 Financial Summary

Unless otherwise noted, the following figures refer to the full year of 2024 and comparisons are with the full year of 2023.

Revenue was $782.1 million, up 40.2%, reflecting higher sales of single wafer cleaning, Tahoe and semi-critical cleaning equipment and ECP (front-end and packaging), furnace and other technologies, along with steady growth of advanced packaging (excluding ECP), services & spares.
Gross margin was 50.1% versus 49.5%. Non-GAAP gross margin, which excludes stock-based compensation, was 50.4% versus 49.8%. Gross margin exceeded ACM’s updated long-term business model target range of 42% to 48%. ACM expects gross margin to vary from period to period due to a variety of factors, such as product mix, currency impacts and sales volume.
Operating expenses were $240.6 million, an increase of 33.4%. Operating expenses as a percentage of revenue decreased to 30.8% from 32.3%. Non-GAAP operating expenses, which exclude the effect of stock-based compensation, were $193.4 million, up 25.2%. Non-GAAP operating expenses as a percentage of revenue were 24.7% compared to 27.7%.
Operating income was $151.0 million, up 57.6% compared to $95.8 million. Operating margin increased from 17.2% to 19.3%. Non-GAAP operating income, which excludes the effect of stock-based compensation, was $200.6 million, up 62.8% compared to 123.2 million. Non-GAAP operating margin, which excludes stock-based compensation, was 25.6% compared to 22.1%.
Unrealized gain (loss) on short-term investments was $1.0 million, compared to an unrealized gain (loss) of $(2.7) million. Unrealized gain (loss) reflects the change in market value of the investments by ACM’s principal operating subsidiary, ACM Research (Shanghai), Inc. The value is marked-to-market quarterly and is excluded in the non-GAAP financial metrics.
Income tax expense was $35.0 million, compared to $19.4 million.
Net income attributable to ACM Research, Inc. was $103.6 million, compared to $77.3 million. Non-GAAP net income attributable to ACM Research, Inc., which excludes the effect of stock-based compensation and unrealized gain (loss) on short-term investments, was $152.2 million, compared to $107.4 million.
Net income per diluted share attributable to ACM Research, Inc. was $1.53, compared to $1.16. Non-GAAP net income per diluted share, which excludes the effect of stock-based compensation and unrealized gain (loss) on short-term investments, was $2.26, compared to $1.63.
Cash and cash equivalents, plus restricted cash and short-term and long-term time deposits were $441.9 million at December 31, 2024, compared to $369.1 million at September 30, 2024.

Fourth Quarter 2024 Financial Summary

Unless otherwise noted, the following figures refer to the fourth quarter of 2024 and comparisons are with the fourth quarter of 2023.

Revenue was $223.5 million, up 31.2%, reflecting higher sales of single wafer cleaning, Tahoe and semi-critical cleaning equipment and ECP (front-end and packaging), furnace and other technologies, along with steady sales growth of advanced packaging (excluding ECP), services & spares.
Gross margin was 49.6% versus 46.4%. Non-GAAP gross margin, which excludes stock-based compensation, was 49.8% versus 46.8%. Gross margin was at the upper end of ACM’s updated long-term business model target range of 42% to 48%. ACM expects gross margin to vary from period to period due to a variety of factors, such as product mix, currency impacts and sales volume.
Operating expenses were $66.8 million, an increase of 20.0%. Operating expenses as a percentage of revenue decreased to 29.9% from 32.7%. Non-GAAP operating expenses, which exclude the effect of stock-based compensation, were $58.4 million, up 34.0%. Non-GAAP operating expenses as a percentage of revenue increased to 26.1% from 25.6%.
Operating income was $44.0 million, up 88.2% compared to $23.4 million. Operating margin was 19.7% compared to 13.7%. Non-GAAP operating income, which excludes the effect of stock-based compensation, was $52.8 million, up 46.4% compared to $36.0 million. Non-GAAP operating margin, which excludes stock-based compensation, was 23.6% compared to 21.2%.
Unrealized gain on short-term investments was $2.1 million, compared to an unrealized gain of $1.7 million. Unrealized gain reflects the change in market value of the investments by ACM’s principal operating subsidiary, ACM Research (Shanghai), Inc. The value is marked-to-market quarterly and is excluded in the non-GAAP financial metrics.
Income tax expense was $17.3 million, compared to $8.1 million.
Net income attributable to ACM Research, Inc. was $31.1 million, compared to $17.7 million. Non-GAAP net income attributable to ACM Research, Inc., which excludes the effect of stock-based compensation and unrealized gain on short-term investments, was $37.7 million, compared to $28.7 million.
Net income per diluted share attributable to ACM Research, Inc. was $0.46, compared to $0.26. Non-GAAP net income per diluted share, which excludes the effect of stock-based compensation and unrealized gain on short-term investments, was $0.56, compared to $0.43.

Conference Call Details

A conference call to discuss results will be held on Wednesday, February 26, 2025, at 8:00 a.m. Eastern Time (9:00 p.m. China Time). To join the conference call via telephone, participants must use the following link to complete an online registration process. Upon registering, each participant will receive email instructions to access the conference call, including dial-in information and a PIN number allowing access to the conference call. This pre-registration process is designed by the operator to reduce delays due to operator congestion when accessing the live call.

Online Registration: https://register.vevent.com/register/BI70ae79d80e0348a880269ad7a9dec2f9

Participants who have not pre-registered may join the webcast by accessing the link at ir.acmrcsh.com/events.

A live and archived webcast will be available on the Investors section of the ACM website at www.acmrcsh.com.

Use of Non-GAAP Financial Measures

ACM presents non-GAAP gross margin, operating expenses, operating income, net income attributable to ACM Research, Inc. and basic and diluted earnings per share as supplemental measures to GAAP financial measures regarding ACM’s operational performance. These supplemental measures exclude the impact of stock-based compensation, which ACM does not believe is indicative of its core operating results. In addition, non-GAAP net income attributable to ACM Research, Inc. and basic and diluted earnings per share exclude the effect of stock-based compensation and unrealized gain (loss) on short-term investments, which ACM also believes are not indicative of its core operating results. A reconciliation of each non-GAAP financial measure to the most directly comparable GAAP financial measure is provided below under “Reconciliation of GAAP to non-GAAP Financial Measures.”

ACM believes these non-GAAP financial measures are useful to investors in assessing its operating performance. ACM uses these financial measures internally to evaluate its operating performance and for planning and forecasting of future periods. Financial analysts may focus on and publish both historical results and future projections based on the non-GAAP financial measures. ACM also believes it is in the best interests of investors for ACM to provide this non-GAAP information.

While ACM believes these non-GAAP financial measures provide useful supplemental information to investors, there are limitations associated with the use of these non-GAAP financial measures. These non-GAAP financial measures may not be reported by competitors, and they may not be directly comparable to similarly titled measures of other companies due to differences in calculation methodologies. The non-GAAP financial measures are not an alternative to GAAP information and are not meant to be considered in isolation or as a substitute for comparable GAAP financial measures. They should be used only as a supplement to GAAP information and should be considered only in conjunction with ACM’s consolidated financial statements prepared in accordance with GAAP.

Forward-Looking Statements

Certain statements contained in this press release are not historical facts and may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as “plans,” “expects,” “believes,” “anticipates,” “designed,” and similar words are intended to identify forward-looking statements. Forward-looking statements are based on ACM management’s current expectations and beliefs, and involve a number of risks and uncertainties that are difficult to predict and that could cause actual results to differ materially from those stated or implied by the forward-looking statements. A description of certain of these risks, uncertainties and other matters can be found in filings ACM makes with the U.S. Securities and Exchange Commission, all of which are available at www.sec.gov. Because forward-looking statements involve risks and uncertainties, actual results and events may differ materially from results and events currently expected by ACM. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. ACM undertakes no obligation to publicly update these forward-looking statements to reflect events or circumstances that occur after the date hereof or to reflect any change in its expectations with regard to these forward-looking statements or the occurrence of unanticipated events.

About ACM Research, Inc.

ACM develops, manufactures and sells semiconductor process equipment spanning cleaning, electroplating, stress-free polishing, vertical furnace processes, track, PECVD, and wafer- and panel-level packaging tools, enabling advanced and semi-critical semiconductor device manufacturing. ACM is committed to delivering customized, high-performance, cost-effective process solutions that semiconductor manufacturers can use in numerous manufacturing steps to improve productivity and product yield. For more information, visit www.acmrcsh.com.

© ACM Research, Inc. ULTRA Fn and the ACM Research logo are trademarks of ACM Research, Inc. For convenience, these trademarks appear in this press release without ™ symbols, but that practice does not mean that ACM will not assert, to the fullest extent under applicable law, its rights to the trademarks.

For investor and media inquiries, please contact:

In the United States:	The Blueshirt Group
	Steven C. Pelayo, CFA
	(360)808-5154
	steven@blueshirtgroup.co

In China:	The Blueshirt Group Asia
	Gary Dvorchak, CFA
	+86 (138) 1079-1480
	gary@blueshirtgroup.co

ACM RESEARCH, INC.
Condensed Consolidated Balance Sheets

	December 31, 2024			December 31, 2023
	(Unaudited)
	(In thousands)
Assets
Current assets:
Cash and cash equivalents	$	407,445		$	182,090
Restricted cash		3,865			1,083
Short-term time deposits		17,277			80,524
Short-term investment		19,373			21,312
Accounts receivable, net		387,045			283,186
Other receivables		41,859			40,065
Inventories, net		597,984			545,395
Advances to related party		1,024			2,432
Prepaid expenses		7,507			20,023
Total current assets		1,483,379			1,176,110
Property, plant and equipment, net		269,272			201,848
Operating lease right-of-use assets, net		14,038			15,393
Intangible assets, net		3,461			2,538
Long-term time deposits		13,275			40,818
Deferred tax assets		14,781			20,271
Long-term investments		37,063			27,880
Other long-term assets		20,452			6,050
Total assets	$	1,855,721		$	1,490,908
Liabilities and Equity
Current liabilities:
Short-term borrowings	$	32,814		$	31,335
Current portion of long-term borrowings		44,472			6,783
Related party accounts payable		16,133			11,407
Accounts payable		139,294			141,814
Advances from customers		243,949			181,368
Deferred revenue		8,537			3,687
Income taxes payable		12,779			6,401
FIN-48 payable		19,466			12,149
Other payables and accrued expenses		121,657			102,951
Current portion of operating lease liability		2,132			2,764
Total current liabilities		641,233			500,659
Long-term borrowings		105,525			53,952
Long-term operating lease liability		3,840			4,262
Other long-term liabilities		9,217			5,873
Total liabilities		759,815			564,746
Commitments and contingencies
Equity:
Stockholders’ equity:
Class A Common stock		6			6
Class B Common stock		1			1
Additional paid-in capital		677,476			629,845
Retained earnings		260,000			156,827
Statutory surplus reserve		30,514			30,060
Accumulated other comprehensive loss		(63,372	)		(49,349	)
Total ACM Research, Inc. stockholders’ equity		904,625			767,390
Non-controlling interests		191,281			158,772
Total equity		1,095,906			926,162
Total liabilities and equity	$	1,855,721		$	1,490,908

ACM RESEARCH, INC.
Condensed Consolidated Statements of Operations and Comprehensive Income

	Three Months Ended December 31,						Year Ended December 31,
		2024			2023			2024			2023
	(Unaudited)
	( In thousands, except share and per share data)
Revenue	$	223,471		$	170,321		$	782,118		$	557,723
Cost of revenue		112,656			91,245			390,564			281,508
Gross profit		110,815			79,076			391,554			276,215
Operating expenses:
Sales and marketing		18,380			9,440			65,447			47,019
Research and development		27,750			32,465			105,473			92,709
General and administrative		20,696			13,797			69,636			40,648
Total operating expenses		66,826			55,702			240,556			180,376
Income from operations		43,989			23,374			150,998			95,839
Interest income		2,813			2,071			9,935			8,354
Interest expense		(1,228	)		(697	)		(4,151	)		(2,681	)
Realized gain from sale of short-term investments		1,344			478			1,788			9,047
Unrealized gain (loss) on short-term investments		2,124			1,691			973			(2,737	)
Other income (expense), net		7,061			(1,714	)		6,334			(1,558	)
Income from equity method investments		322			6,224			423			9,952
Income before income taxes		56,425			31,427			166,300			116,216
Income tax expense		(17,319	)		(8,129	)		(35,031	)		(19,364	)
Net income		39,106			23,298			131,269			96,852
Less: Net income attributable to non-controlling interests		8,026			5,598			27,642			19,503
Net income attributable to ACM Research, Inc.	$	31,080		$	17,700		$	103,627		$	77,349
Comprehensive income (loss):
Net income		39,106			23,298			131,269			96,852
Foreign currency translation adjustment, net of tax		(26,104	)		11,214			(15,728	)		(10,617	)
Unrealized gain on available-for-sale investments, net of tax		428			–			428			–
Comprehensive Income		13,430			34,512			115,969			86,235
Less: Comprehensive income attributable to non-controlling interests	$	4,909		$	5,807		$	26,365		$	17,689
Comprehensive income (loss) attributable to ACM Research Inc.	$	8,521		$	28,705		$	89,604		$	68,546

Basic	$	0.49		$	0.29		$	1.67		$	1.29
Diluted	$	0.46		$	0.26		$	1.53		$	1.16

Weighted average common shares outstanding used in computing per share amounts:
Basic		62,794,259			60,792,349			62,212,569			60,164,670
Diluted		66,518,704			65,911,901			66,237,424			64,870,543

ACM RESEARCH, INC.
Total Revenue by Product Category and by Region

	Three Months Ended December 31,				Year Ended December 31,
		2024		2023		2024		2023
	(Unaudited)
	($ in thousand)
Single wafer cleaning, Tahoe and semi-critical cleaning equipment	$	155,211	$	122,292	$	578,887	$	403,851
ECP (front-end and packaging), furnace and other technologies		51,695		32,133		151,057		103,356
Advanced packaging (excluding ECP), services & spares		16,565		15,896		52,174		50,516
Total Revenue By Product Category	$	223,471	$	170,321	$	782,118	$	557,723

	Three Months Ended December 31,				Year Ended December 31,
		2024		2023		2024		2023
Mainland China	$	223,110	$	165,441	$	775,752	$	540,969
Other Regions		361		4,880		6,366		16,754
Total Revenue By Region	$	223,471	$	170,321	$	782,118	$	557,723

ACM RESEARCH, INC.
Reconciliation of GAAP to Non-GAAP Financial Measures

As described under “Use of Non-GAAP Financial Measures” above, ACM presents non-GAAP gross margin, operating expenses, operating income, net income attributable to ACM Research, Inc., and basic and diluted earnings per share as supplemental measures to GAAP financial measures, each of which excludes stock-based compensation (“SBC”) from the equivalent GAAP financial line items. In addition, non-GAAP net income attributable to ACM Research, Inc., and basic and diluted earnings per share exclude unrealized gain (loss) on short-term investments. The following tables reconcile gross margin, operating expenses, operating income, net income attributable to ACM Research, Inc., and basic and diluted earnings per share to the related non-GAAP financial measures:

	Three Months Ended December 31,
		2024											2023
	Actual (GAAP)			SBC			Other non- operating adjustments		Adjusted (Non-GAAP)			Actual (GAAP)			SBC			Other non- operating adjustments		Adjusted (Non-GAAP)
	(In thousands)
Revenue	$	223,471		$	–		$	–	$	223,471		$	170,321		$	–		$	–	$	170,321
Cost of revenue		(112,656	)		(365	)		–		(112,291	)		(91,245	)		(568	)		–		(90,677	)
Gross profit		110,815			(365	)		–		111,180			79,076			(568	)		–		79,644
Gross margin		49.6	%		0.2	%		–		49.8	%		46.4	%		0.3	%		–		46.8	%
Operating expenses:
Sales and marketing		(18,380	)		(1,907	)		–		(16,473	)		(9,440	)		(2,279	)		–		(7,161	)
Research and development		(27,750	)		(2,030	)		–		(25,720	)		(32,465	)		(3,628	)		–		(28,837	)
General and administrative		(20,696	)		(4,482	)		–		(16,214	)		(13,797	)		(6,197	)		–		(7,600	)
Total operating expenses		(66,826	)		(8,419	)		–		(58,407	)		(55,702	)		(12,104	)		–		(43,598	)
Income (loss) from operations	$	43,989		$	(8,784	)	$	–	$	52,773		$	23,374		$	(12,672	)	$	–	$	36,046
Unrealized gain on short-term investments		2,124			–			2,124		–			1,691			–			1,691		–
Net income (loss) attributable to ACM Research, Inc.	$	31,080		$	(8,784	)	$	2,124	$	37,740		$	17,700		$	(12,672	)	$	1,691	$	28,681
Basic EPS	$	0.49							$	0.60		$	0.29							$	0.47
Diluted EPS	$	0.46							$	0.56		$	0.26							$	0.43

	Year Ended December 31,
		2024											2023
	Actual (GAAP)			SBC			Other non- operating adjustments		Adjusted (Non-GAAP)			Actual (GAAP)			SBC			Other non- operating adjustments			Adjusted (Non-GAAP)
	(In thousands)
Revenue	$	782,118		$	–		$	–	$	782,118		$	557,723		$	–		$	–		$	557,723
Cost of revenue		(390,564	)		(2,385	)		–		(388,179	)		(281,508	)		(1,406	)		–			(280,102	)
Gross profit		391,554			(2,385	)		–		393,939			276,215			(1,406	)		–			277,621
Gross margin		50.1	%		0.3	%		–		50.4	%		49.5	%		0.3	%		–			49.8	%
Operating expenses:
Sales and marketing		(65,447	)		(10,552	)		–		(54,895	)		(47,019	)		(5,684	)		–			(41,335	)
Research and development		(105,473	)		(14,112	)		–		(91,361	)		(92,709	)		(8,459	)		–			(84,250	)
General and administrative		(69,636	)		(22,527	)		–		(47,109	)		(40,648	)		(11,789	)		–			(28,859	)
Total operating expenses		(240,556	)		(47,191	)		–		(193,365	)		(180,376	)		(25,932	)		–			(154,444	)
Income (loss) from operations	$	150,998		$	(49,576	)	$	–	$	200,574		$	95,839		$	(27,338	)	$	–		$	123,177
Unrealized gain (loss) on short-term investments		973			–			973		–			(2,737	)		–			(2,737	)		–
Net income (loss) attributable to ACM Research, Inc.	$	103,627		$	(49,576	)	$	973	$	152,230		$	77,349		$	(27,338	)	$	(2,737	)	$	107,424
Basic EPS	$	1.67							$	2.45		$	1.29								$	1.79
Diluted EPS	$	1.53							$	2.26		$	1.16								$	1.63

The MIL Network –

February 26, 2025

MIL-OSI: Dimensional Fund Advisors Ltd. : Form 8.3 – JOHN WOOD GROUP PLC – Ordinary Shares

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”)

KEY INFORMATION

(a)

Full name of discloser:

Dimensional Fund Advisors Ltd. in its capacity as investment advisor and on behalf its affiliates who are also investment advisors (”Dimensional”). Dimensional expressly disclaims beneficial ownership of the shares described in this form 8.3.

(b)

Owner or controller of interests and short positions disclosed, if different from 1(a):
The naming of nominee or vehicle companies is insufficient. For a trust, the trustee(s), settlor and beneficiaries must be named.

(c)

Name of offeror/offeree in relation to whose relevant securities this form relates:
Use a separate form for each offeror/offeree

John Wood Group PLC

(d)

If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree:

(e)

Date position held/dealing undertaken:
For an opening position disclosure, state the latest practicable date prior to the disclosure

25 February 2025

(f)

In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer?
If it is a cash offer or possible cash offer, state “N/A”

N/A

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:

4 2/7 p ordinary (GB00B5N0P849)

Interests

Short Positions

Number

(1)

Relevant securities owned and/or controlled:

21,347,049

3.09 %

(2)

Cash-settled derivatives:

(3)

Stock-settled derivatives (including options) and agreements to purchase/sell:

Total

21,347,049 *

3.09 %

* Dimensional Fund Advisors LP and/or its affiliates do not have discretion regarding voting decisions in respect of 65,254 shares that are included in the total above.

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:

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

There was a Transfer In of 614 shares of 4 2/7 p ordinary

(b)

Cash-settled derivative transactions

Class of relevant security

Product description e.g. CFD

Nature of dealing e.g. opening/closing a long/short position, increasing/reducing a long/short position

Number of reference securities

Price per unit

(c)

Stock-settled derivative transactions (including options)

(i)

Writing, selling, purchasing or varying

Class of relevant security

Product description e.g. call option

Writing, purchasing, selling, varying etc.

Number of securities to which option relates

Exercise price per unit

Type e.g. American, European etc.

Expiry date

Option money paid/ received per unit

(ii)

Exercise

Class of relevant security

Product description e.g. call option

Exercising/ exercised against

Number of securities

Exercise price per unit

(d)

Other dealings (including subscribing for new securities)

Class of relevant security

Nature of dealing e.g. subscription, conversion

Details

Price per unit (if applicable)

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?

Date of disclosure

26 February 2025

Contact name

Thomas Hone

Telephone number

+44 20 3033 3419

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 –

February 26, 2025

MIL-OSI: MEXC Invests $20 Million in USDe to Drive Stablecoin Adoption, Launches $1,000,000 Reward Event

Source: GlobeNewswire (MIL-OSI)

VICTORIA, Seychelles, Feb. 26, 2025 (GLOBE NEWSWIRE) — MEXC, the world’s leading cryptocurrency trading platform, has invested $20 million in USDe, Ethena’s synthetic dollar, as part of its commitment to expanding stablecoin adoption and fostering innovation within the crypto ecosystem. Meanwhile, MEXC Ventures, the investment arm of the global cryptocurrency exchange MEXC, has made a strategic investment of $16 million in Ethena. The acquired USDe will support stablecoin-related initiatives, including a campaign featuring a $1,000,000 reward pool.

Stablecoins are a cornerstone of the crypto market, providing liquidity and stability for traders and investors. USDe, issued by Ethereum-based DeFi platform Ethena, is designed to overcome the limitations of centralized stablecoins. Ethena is not just creating a new digital asset—it is building a robust ecosystem around USDe, which includes Ethereal, a spot trading platform, and Derive, an on-chain options protocol. These developments enhance the utility of USDe and contribute to a more dynamic DeFi landscape.

To accelerate stablecoin adoption, MEXC’s $20 million investment in USDe is accompanied by several user-focused incentives. These include zero-fee trading pairs and high-APR staking events, allowing users to earn $1,000,000 worth of rewards while participating in the growing stablecoin market. These benefits and events will be accessible through MEXC’s centralized exchange, making it easier for users to explore and trade USDe.

“Stablecoins play a pivotal role in the development of the broader cryptocurrency market, and MEXC is committed to supporting their expansion,” said Tracy Jin, COO of MEXC. “As digital asset adoption increases, stablecoins will attract greater investment, creating new opportunities for users. We recognize Ethena and USDe as key players in this evolving landscape, and we are excited to contribute to their success by providing users with more stable and efficient financial solutions.”

MEXC is dedicated to investing in crypto-native projects that thrive in decentralized ecosystems. Assets like USDe, which enable reward-bearing instruments such as sUSDe, are inherently designed for DeFi and reduce the reliance on centralized stablecoin issuers. Looking ahead, MEXC aims to further enhance stablecoin accessibility by allowing users more opportunities to hold USDe and earn passive rewards directly on centralized exchanges.

About MEXC

Founded in 2018, MEXC is committed to being “Your Easiest Way to Crypto”. Serving over 32 million users across 170+ countries, MEXC is known for its broad selection of trending tokens, frequent airdrop opportunities, and low trading fees. Our user-friendly platform is designed to support both new traders and experienced investors, offering secure and efficient access to digital assets. MEXC prioritizes simplicity and innovation, making crypto trading more accessible and rewarding.
MEXC Official Website｜ X ｜ Telegram ｜How to Sign Up on MEXC

Contact:
Lucia Hu
PR Manager
lucia.hu@mexc.com

Disclaimer: This content is provided by MEXC. The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. This content is for informational purposes only and should not be considered financial, investment, or trading advice. Investing in crypto and mining related opportunities involves significant risks, including the potential loss of capital. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. However, due to the inherently speculative nature of the blockchain sector–including cryptocurrency, NFTs, and mining–complete accuracy cannot always be guaranteed. Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/8b2ee400-d6ec-465a-8f53-1c28be74b24f

The MIL Network –

February 26, 2025
MIL-OSI: Waterfall Network Code Moves to Linux Foundation Decentralized Trust Labs

Source: GlobeNewswire (MIL-OSI)

Zug, Switzerland, Feb. 26, 2025 (GLOBE NEWSWIRE) — Blue Wave, developers of Waterfall Network, the world’s most innovative Layer One (L1) decentralized and scalable ledger, today announced it is contributing core protocols from the network to LF Decentralized Trust Labs. Linux Foundation Decentralized Trust is the open-source foundation for the collaborative development of technologies that are powering the global transformation to decentralized systems and applications. Moving the innovative protocols driving the Waterfall Network to a neutral host, LF Decentralized Trust, will increase visibility and peer support for this code and open the door to valuable feedback that will contribute to the network’s overall improvement.

Dr. Sergii Grybniak, Blue Wave CTO and Waterfall Head of Research, has been selected by the IEEE TEMS TC on Blockchain and DLT-NTU Centre in Computational Technologies to receive an award for Outstanding Ph.D. Dissertation. The Waterfall Network, based on Grybniak’s doctoral research, embodies the innovative principles and technological advancements explored in his work. The prestigious award highlights the research team’s groundbreaking contributions to decentralized ledger technology. This distinguished award will be presented at the 2025 Nanyang Blockchain Conference (formerly NTU Blockchain Symposium), to be held in Singapore on August 16-17, 2025.

“We are pleased that the LF Decentralized Trust community has responded positively to our proposal to bring our technology into the labs,” said Dr.Sergii Grybniak, Blue Wave CTO and Waterfall Head of Research. “The community support will be indispensable to us as we continue to improve and expand Waterfall Network.”

The acceptance of these protocols into the LF Decentralized Trust Labs comes on the heels of the network’s groundbreaking milestone of achieving 12,778 transactions per second (TPS) on its mainnet, immediately positioning the platform as the most scalable mainnet for any layer-1 EVM blockchain protocol. Testing of the Waterfall Network protocols has consistently achieved loads of 10,000+ transactions per second.

The new LF Decentralized Trust lab incorporates Waterfall’s unique next-generation Directed AcyclicGraph (DAG) technology that allows for virtually unlimited scalability and portability of decentralized applications (dAPPs). As validators sign onto the Waterfall Network, grants and rewards will be distributed to researchers and developers who assist with community-driven security auditing activities, such as completing bug bounties. To learn more about the Waterfall Network, and to run your own node, please visit https://waterfall.network/ or follow us on https://t.me/waterfall_network, https://twitter.com/waterfall_dag or https://discord.gg/Nwb8aR2XvR.

About Waterfall Network
Waterfall Network is a leading layer one (L1) ledger that provides an innovative solution for security, scalability and decentralization, helping dAPP developers to change the world. Waterfall Network is built atop a Directed Acyclic Graph (DAG) architecture that enables users to run a validator node from any device, including low-cost laptops and, in the near future, mobile phones. Waterfall Network is compatible with Ethereum Virtual Machine (EVM), allowing for portability of decentralized applications (dAPPs), with minimal hardware requirements for participants who want to become validators.

The MIL Network –

February 26, 2025
MIL-OSI: Jyske Realkredit A/S publishes Supplement no 1 to Base prospectus dated 28 June 2024
Source: GlobeNewswire (MIL-OSI)

To Nasdaq Copenhagen A/S 26 February 2025
Announcement no 19 /2025

Jyske Realkredit A/S publishes Supplement no 1 to Base prospectus dated 28 June 2024

Jyske Realkredit hereby publish Supplement no. 1 to Base prospectus dated 28 June 2024 for covered bonds, mortgage bonds and bonds issued pursuant to Section 15 of the Danish Mortage-Credit Loans and Mortgage-Credit Bonds etc. Act.

Jyske Realkredit’s Base Prospectus dated 28 June 2024 and Supplements are available for download in Danish and English on Jyske Realkredit’s website www.jyskerealkredit.dk. In the event of discrepancies between the original Danish text and the English translation, the Danish text shall prevail. Jyske Realkredit’s Supplement no 1 is also enclosed this announcement.

For more information, please contact:
- Head of Rating and IR, Christian Bech-Ravn on telephone (+45) 89 89 92 25
- Legal Counsel Berit Fredberg on telephone (+45) 89 89 79 64
Yours sincerely
Jyske Realkredit

Søren Winkler
Senior Director

Attachment
- 20250226 Supplement 1 to Base Prospectus Jyske Realkredit
The MIL Network –
February 26, 2025
MIL-OSI: HTX DAO Solidifies Leadership at Consensus Hong Kong 2025, Justin Sun Unveils Strategic Growth Initiatives

Source: GlobeNewswire (MIL-OSI)

SINGAPORE, Feb. 26, 2025 (GLOBE NEWSWIRE) — HTX DAO recently hosted a series of impactful events during Consensus Hong Kong 2025, highlighting its expanding influence within the Web3 and blockchain space. The events, including the Jinse Salon, co-hosted with Jinse Finance, Twinkle, HTX DAO, and OpenZK; the Justin Sun’s Meetup and the HTX DAO Victoria Harbour Night – Confidence Journey in Hong Kong, fostered critical discussions on industry trends, regulatory developments, and the evolving digital asset landscape. These events attracted significant participation from Web3 builders and crypto-native communities. Justin Sun, Global Advisor of HTX and founder of TRON DAO, alongside HTX Spokesperson and HTX DAO Ambassador Molly (@HTX_Molly), delivered speeches addressing platform growth, industry outlook, and security infrastructure.

These events cemented HTX DAO’s leadership in the crypto industry while reinforcing its commitment to compliance, innovation, and sustainable ecosystem development.

HTX Expands CIS Market, Prioritizes AI Integration

At the HTX DAO Victoria Harbour Night, Sun highlighted HTX’s strong performance over the past year, noting exponential growth in user acquisition, market share, asset listings, and security enhancements.

In 2024, HTX’s global registered users surpassed 49 million, surpassing the 50 million milestone in January 2025. The trading volume of major cryptocurrencies surged by 473%, P2P trading volume soared 452%, and market share climbed 471%. Levering its robust crypto screening mechanism, HTX listed 218 premium assets, with 171 debuting exclusively on the platform. Futures products—a key growth driver—saw $900 billion in trading volume, marking a 70% year-over-year increase. On the security front, HTX published Merkle Tree Proof of Reserves (PoR) for 28 consecutive months, maintaining reserve ratios exceeding 100%.

Additionally, Sun shared his view that AI has great potential in the crypto space, particularly in the creation of expert models. HTX is actively developing AI-powered products based on DeepSeek, aiming to transform AI interaction within cryptocurrency markets.

Sun further confirmed his collaboration with the Trump family-backed World Liberty Financial (WLFI), citing synergies between WLFI’s mission to bridge traditional finance and crypto and Trump’s pro-crypto stance. This partnership will enable exclusive asset listings on HTX and capitalize on the “Trump Effect” to capture emerging market trends.

$HTX Utility and Governance Enhancements

During the HTX DAO Victoria Harbour Night, Sun reiterated his commitment to enhancing the utility and liquidity of $HTX, revealing that the token will soon be listed on a major regulated exchange, expanding its use cases and increasing market adoption.

Molly, speaking at the Jinse Salon, highlighted HTX DAO’s role as a crypto builder, boosting the industry’s long-term viability. She emphasized the DAO’s community-first approach, leveraging HTX’s strengths in asset curation, liquidity, content development, product innovation, and security. HTX DAO, in collaboration with its governance committee, will continue fostering decentralized governance, user autonomy, and ecosystem expansion. Additionally, the DAO will also empower ecosystem contributors, providing funding and strategic support to create a more transparent and inclusive crypto landscape.

Security: The Bedrock of a Sustainable Crypto Ecosystem

Security remains a top priority for HTX, with Sun repeatedly stressing its importance across multiple panel discussions. “Every business decision and product development must be security-first. Protecting user assets is not just a responsibility—it’s the foundation of a sustainable crypto ecosystem,” he stated.

At the Justin Sun’s Meetup on February 21, Sun outlined HTX’s next-phase security strategy, calling for enhanced multi-signature support, stronger security alerts, and anti-scam mechanisms to protect users from phishing and fraud.

He also elaborated on the launch of USDD 2.0, a next-gen stablecoin designed for long-term viability, risk mitigation, and technology robustness. He emphasized that USDD’s long-term success hinges on a strong team and leadership, robust technology, and effective community governance. He further stressed the importance of steady progress and preventing sudden project failure due to security or other issues, thereby ensuring sustainable growth.

As Hong Kong advances as a global fintech and digital asset hub, HTX DAO’s engagements at the Consensus 2025 aligned with the city’s growing commitment to blockchain innovation and regulatory clarity while bridging global tech innovations and ecosystem growth. Through ongoing collaboration with the global crypto community, HTX DAO aims to unlock new opportunities in the digital asset space, driving the next wave of Web3 adoption and financial transformation.

About HTX DAO

As a multi-chain deployed decentralized autonomous organization (DAO), HTX DAO demonstrates an innovative governance approach. Unlike traditional corporate structures, it adopts a decentralized governance structure composed of a diversified group, jointly committed to the success of this organization. This unique ecosystem advocates openness and encourages all DAO participants to propose ideas that can promote the development of HTX DAO.

Contact Information
Website: www.htxdao.com
Email Address: media@htxdao.com

HTX
Ruder Finn Asia
htx@ruderfinn.com/
contact@htx.com

Disclaimer: This press release is provided by HTX. The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. This content is for informational purposes only and should not be considered financial, investment, or trading advice. Investing in crypto and mining related opportunities involves significant risks, including the potential loss of capital. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. However, due to the inherently speculative nature of the blockchain sector–including cryptocurrency, NFTs, and mining–complete accuracy cannot always be guaranteed. Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release.

Photos accompanying this announcement are available at

https://www.globenewswire.com/NewsRoom/AttachmentNg/ee2ca648-fcc8-4098-b0d5-598b24b60465

https://www.globenewswire.com/NewsRoom/AttachmentNg/461ca8a0-e346-4012-97bc-14702cc8fc01

The MIL Network –

February 26, 2025
MIL-OSI: Correction: The 2024 Annual Report of the Bank of Åland Plc has been published

Source: GlobeNewswire (MIL-OSI)

Correction: Added a missing attachment in the Swedish version.

Bank of Åland Plc
Annual Financial Report
February 26, 2025, 9.30 EET

The 2024 Annual Report of the Bank of Åland Plc has been published
The Annual Report for 2024 of the Bank of Åland Plc (Ålandsbanken Abp), including the 2024 corporate governance report, was published today in Swedish and English. The Compensation Report and the Capital and Risk Management Report were published as separate documents at the same time.

The financial reports in Swedish are being published in compliance with European Single Electronic Format (ESEF) reporting requirements. In line with ESEF requirements, the primary portions of the consolidated financial statements have been marked up with XBRL tags.

The authorised public accounting company KPMG Oy has provided an independent auditors’ affidavit of reasonable assurance about the Bank of Åland Plc’s ESEF financial statements.

The Annual Report, the Compensation Report and the Capital and Risk management Report are available for downloading from our website:

Annual Report

https://www.alandsbanken.fi/uploads/pdf/result/arsredovisn2024en.pdf

Compensation Report

https://www.alandsbanken.fi/uploads/pdf/result/ersattningsrapport2024en.pdf

Capital and Risk Management Report

https://www.alandsbanken.fi/uploads/pdf/result/capital-and-risk-management-report_2024en.xlsx

Bank of Åland Plc

For further information, please contact:
Peter Wiklöf, Managing Director and Chief Executive, Bank of Åland, tel +358 40 512 7505

Attachments

The MIL Network –

February 26, 2025
MIL-OSI: MROpenEVO at ECR 2025 with an AI-ready upgrade for further enhanced image quality and faster examinations; new system soon available in Georgia

Source: GlobeNewswire (MIL-OSI)

GENOA, Italy, Feb. 26, 2025 (GLOBE NEWSWIRE) — Unlocking the future of joint and spine imaging with the Latest Evolution of MROpenEvo: the only truly open MRI System at ECR 2025.

Thanks to the optimization of key technical features, the latest version of the helium-free, MgB2-based MRI scanner delivers exceptional image quality while reducing scan times by up to 50%.

Discover the innovative features of MROpenEvo, a groundbreaking MRI system specifically designed for joint, neuro, and spine imaging. It offers ample space for children, larger patients, and individuals with claustrophobia, ensuring comfort for all.

The new image acquisition algorithm, based on the “compressed sensing” technique, combines parallel imaging with sparse data sampling and iterative reconstruction. This combination leads to faster scan times and enhanced resolution. The “compressed sensing” technique is applicable to both 2D and 3D sequences across all anatomies.

In the meantime, the patient centric design MRI system developed by ASG Superconductors arrives in another new country: MROpenEvo will be shortly available in Georgia @ Tbilisi State Medical University and Ingorokva High Medical Technology University Clinic.

Prof. Giorgi Ingorokva declared: “I am proud announcing that our hospital will be the first clinic in Georgia to install the groundbreaking Open MRI system. It will enhance diagnostic capabilities and improve patient care in the region.”

Nowadays MROpen Evo is available in USA, Canada, UK, Italy, Portugal, Kuwait, and the innovative MgB2 superconducting technology – the key element driving the unique and distinctive open design – has reached over 2.5 million hours of operation.

Join us at ECR2025 in Vienna, Hall X4, Booth 410, to experience MROpen Evo with our experts and discover how this innovative and unparalleled MRI system can enhance your practice.

A Media Snippet accompanying this announcement is available by clicking on this link.

Contact:

Silvia Frigato Bonello
frigato.silvia@as-g.it

Luca Pezzoni
lpezzoni@hofima.it

The MIL Network –

February 26, 2025
MIL-OSI: Lantronix Selects Redtree Solutions Ltd to Serve as a Manufacturer’s Rep for Its Open-Q Family of Embedded Compute Solutions in EMEA

Source: GlobeNewswire (MIL-OSI)

IRVINE, Calif., Feb. 26, 2025 (GLOBE NEWSWIRE) — Lantronix Inc. (NASDAQ: LTRX), a global leader of compute and connectivity for IoT solutions enabling AI Edge Intelligence, today announced a strategic partnership with Redtree Solutions, the largest manufacturer representative in EMEA, to represent its Open-Q™ embedded compute System-on-Module (SOM) and Development Kit solutions throughout Europe, the Middle East and Africa (EMEA).

Designed to broaden Lantronix’s market presence in EMEA, this relationship expands access to Lantronix’s advanced SOMs and Development kits, which provide the fastest, easiest and most cost-effective path for developers to create ground-breaking products.

“In response to the growing demand for cost-effective embedded compute development solutions, we are delighted to add Redtree Solutions to our network of trusted partners and are excited about growing our business with them in EMEA,” said Kurt Hoff, VP of Global Sales & Marketing at Lantronix.

“By leveraging Redtree Solutions’ embedded connect expertise and expansive customer relationships, this alliance is poised to accelerate the adoption of Lantronix’s Open-Q solutions across EMEA,” Hoff added. “This relationship represents a significant milestone in Lantronix’s ongoing commitment to deliver innovative solutions throughout EMEA and the world at large.”

“We are pleased to partner with Lantronix and add the immense value in offering Lantronix’s world-class embedded compute solutions to our mutual customers,” said Steve Judge, president of Redtree Solutions. “This collaboration aligns perfectly with our mission to deliver leading-edge technologies that enable our customers to innovate, differentiate and speed breakthrough solutions to market.”

About Redtree Solutions Ltd.

Redtree Solutions, founded in 2006 and now a group company within Crest Holding BV, is the largest Pan-European representative company in the Semiconductor Industry. It has greater than 48 people at your service, speak local languages, and cover more than 20 countries across EMEA, with more than 500 active customers from the Electronic Industry. Redtree invests in next-generation technologies for the benefit of its customers’ success. Its application team is devoted to helping customers find the most optimized architecture for their electronic systems use cases, with the help of our partners’ solutions and expertise.

About Lantronix

Lantronix Inc. is a global leader of compute and connectivity IoT solutions that target high-growth markets, including Smart Cities, Enterprise and Transportation. Lantronix’s products and services empower companies to succeed in the growing IoT markets by delivering customizable solutions that enable AI Edge Intelligence. Lantronix’s advanced solutions include Intelligent Substations infrastructure, Infotainment systems and Video Surveillance, supplemented with advanced Out-of-Band Management (OOB) for Cloud and Edge Computing.

For more information, visit the Lantronix website.

“Safe Harbor” Statement under the Private Securities Litigation Reform Act of 1995: This news release contains forward-looking statements within the meaning of federal securities laws, including, without limitation, statements related to Lantronix products or leadership team. These forward-looking statements are based on our current expectations and are subject to substantial risks and uncertainties that could cause our actual results, future business, financial condition, or performance to differ materially from our historical results or those expressed or implied in any forward-looking statement contained in this news release. The potential risks and uncertainties include, but are not limited to, such factors as the effects of negative or worsening regional and worldwide economic conditions or market instability on our business, including effects on purchasing decisions by our customers; our ability to mitigate any disruption in our and our suppliers’ and vendors’ supply chains due to the COVID-19 pandemic or other outbreaks, wars and recent tensions in Europe, Asia and the Middle East, or other factors; future responses to and effects of public health crises; cybersecurity risks; changes in applicable U.S. and foreign government laws, regulations, and tariffs; our ability to successfully implement our acquisitions strategy or integrate acquired companies; difficulties and costs of protecting patents and other proprietary rights; the level of our indebtedness, our ability to service our indebtedness and the restrictions in our debt agreements; and any additional factors included in our Annual Report on Form 10-K for the fiscal year ended June 30, 2024, filed with the Securities and Exchange Commission (the “SEC”) on Sept. 9, 2024, including in the section entitled “Risk Factors” in Item 1A of Part I of that report, as well as in our other public filings with the SEC. Additional risk factors may be identified from time to time in our future filings. In addition, actual results may differ as a result of additional risks and uncertainties about which we are currently unaware or which we do not currently view as material to our business. For these reasons, investors are cautioned not to place undue reliance on any forward-looking statements. The forward-looking statements we make speak only as of the date on which they are made. We expressly disclaim any intent or obligation to update any forward-looking statements after the date hereof to conform such statements to actual results or to changes in our opinions or expectations, except as required by applicable law or the rules of the Nasdaq Stock Market LLC. If we do update or correct any forward-looking statements, investors should not conclude that we will make additional updates or corrections.

©2025 Lantronix, Inc. All rights reserved. Lantronix is a registered trademark. Other trademarks and trade names are those of their respective owners.

Lantronix Media Contact:
Gail Kathryn Miller
Corporate Marketing &
Communications Manager
media@lantronix.com

Lantronix Analyst and Investor Contact:
investors@lantronix.com

The MIL Network –

February 26, 2025
MIL-OSI: UXLINK Launches Groundbreaking AI Growth Agent to Revolutionize Web3 User Acquisition

Source: GlobeNewswire (MIL-OSI)

Powered by DeepSeek V3, the first-of-its-kind AI solution automates user growth tasks, slashes operational costs, and ignites a sustainable Web3 growth cycle; 30-day free trial available for ecosystem partners.

SINGAPORE, Feb. 26, 2025 (GLOBE NEWSWIRE) — UXLINK, the world’s largest Web3 social infrastructure platform, today announced the launch of its groundbreaking UXLINK AI Growth Agent on its official X platform (formerly Twitter). This innovative product marks a major breakthrough in user acquisition within the Web3 space, further strengthening UXLINK’s social growth layer.

Powered by DeepSeek V3 technology, the UXLINK AI Growth Agent is the first AI-driven solution designed specifically for Web3 user expansion. It automates repetitive tasks to drastically reduce operational costs, allowing teams to focus on high-value strategic initiatives. Additionally, the AI Growth Agent establishes a sustainable growth cycle by optimizing operational strategies and user incentive mechanisms, resulting in a highly efficient social media ecosystem.

According to UXLINK, users can build an intelligent, AI-driven operational system in just three simple steps:
1. Quick Setup: Enable fast deployment of the AI Growth Agent within existing workflows, with minimal configuration.
2. AI-Powered Automation: Streamline daily operational tasks through intelligent automation, freeing up time and resources for strategic growth efforts.
3. Growth Flywheel: Launch an AI-driven growth flywheel that transforms basic operations into significant user growth, creating a continuous, self-reinforcing cycle of expansion.

To show appreciation for ecosystem partners who have continuously supported the enhancement of $UXLINK’s value, UXLINK is offering a 30-day free trial of the AI Growth Agent. During this period, partners can explore its powerful features and experience its potential in driving business expansion firsthand.

In line with UXLINK’s “INSIDE-OUT” strategy of leveraging internal AI capabilities for external growth, the Head of Community at UXLINK commented on the launch: “UXLINK has always been a heavy AI user, leveraging its high efficiency internally. Now we are bringing AI-powered social growth to the entire ecosystem with a strong focus on user expansion. Growth is an eternal need in Web3, and UXLINK leads in social-driven growth strategies.”

As AI technology continues to merge with Web3 social applications, users can expect richer and more efficient social experiences. The introduction of the UXLINK AI Growth Agent not only benefits UXLINK’s own ecosystem but also provides the wider industry with innovative growth strategies and solutions.

UXLINK invites Web3 projects and partners to take advantage of the AI Growth Agent’s 30-day free trial and discover its impact on user growth. For more information or to get started, please visit UXLINK’s official website or contact the UXLINK team.

About UXLINK: UXLINK is the world’s largest Web3 social platform and infrastructure provider, dedicated to building an interconnected, innovative, and user-centric ecosystem. By seamlessly connecting users, developers, and partners, UXLINK leverages blockchain technology to provide a secure, transparent, and rewarding social experience for its global community.

Media Contact:
Website: https://www.uxlink.io/

UXLINK : admin@uxlink.io
Twitter : https://x.com/UXLINKofficial
Telegram: https://t.me/uxlinkofficial
CMC: https://coinmarketcap.com/currencies/uxlink/

PR Contact:
Rachita Chettri
MediaX Agency
contact@mediax.agency

Disclaimer: This press release is provided by UXLINK. The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. This content is for informational purposes only and should not be considered financial, investment, or trading advice. Investing in crypto and mining related opportunities involves significant risks, including the potential loss of capital. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. However, due to the inherently speculative nature of the blockchain sector–including cryptocurrency, NFTs, and mining–complete accuracy cannot always be guaranteed. Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/47c094aa-2f16-45f4-bc2f-626d94cd30e8

The MIL Network –

February 26, 2025
MIL-OSI: Kama Capital Disrupts Affiliate World Dubai 2025: Shaping the Future of FinTech with High-Powered Partnerships
Source: GlobeNewswire (MIL-OSI)

KINGSTOWN, St Vincent & Grenadines, Feb. 26, 2025 (GLOBE NEWSWIRE) — Kama Capital is set to take center stage at Affiliate World Dubai 2025, the world’s premier affiliate marketing conference, from February 26-27, 2025. As a FinTech disruptor, Kama Capital is not here to follow the trends but to set them. Kama Capital aims to highlight the role of affiliates in FinTech growth and present its trading platform to a global audience of performance marketers.

Affiliate World Dubai is the exclusive gathering of the top 1% of affiliate marketers, e-commerce entrepreneurs, and digital growth hackers. It will be held in Dubai for two intense days of networking, deal-making, and industry insights. With over 35 keynote speeches, Q&A sessions, and exclusive mixers, the event is the go-to platform for game-changing collaborations.

Why Affiliates Are the Powerhouses of FinTech Growth
In FinTech, affiliates are not just intermediaries—they are market-makers. They fuel adoption, drive high-value conversions, and build trust in a fast-moving, data-driven trading landscape. Kama Capital recognizes affiliates as its growth partners and provides them with the tools, rewards, and support they need to succeed.

“Affiliate marketing isn’t just about generating traffic—it’s about driving real impact. Kama Capital is built for traders who demand speed, transparency, and control, and our affiliates are the key players in bringing this revolution to more traders worldwide.” – Razan, Deputy CEO, Kama Capital

Unlike generic trading platforms, Kama Capital doesn’t just sell a service. It empowers traders to break free from outdated financial systems using AI-driven trading, high-frequency execution, and ultra-low latency performance. For affiliates, this means a high-converting product built on actual performance, not marketing fluff, empowering them to make a real impact in the industry.

The Kama Capital Edge: Why Affiliates Choose Kama Capital
Kama Capital offers affiliates a structured partnership program with a focus on transparency and performance, including:
- High-Impact Trading Technology: AI-powered, lightning-fast execution, built for serious traders.
- Industry-Leading Payouts: Competitive CPA and revenue share models that maximise affiliate earnings.
- A Product That Converts: Kama Capital’s advanced trading platform drives engagement, and retention
- Full Transparency and Real-Time Insights: Affiliates get real-time data, marketing support, and total clarity on earnings, ensuring they can trust the platform and feel confident in their partnership with Kama Capital.
“The FinTech affiliate space is crowded with hype. Kama Capital cuts through the noise with a product that delivers. Affiliates don’t have to push a ‘hard sell’—they need to connect traders with a working platform.” – Elena, Chief Marketing Officer, Kama Capital.

Those Who Are Interested Can Visit Booth E31 – Explore Partnership Opportunities.

At Affiliate World Dubai 2025, Kama Capital aims to expand its affiliate network within the FinTech sector. The company welcomes collaborations with affiliate marketers, performance-driven media buyers, and financial influencers interested in exploring partnership opportunities.

“Affiliate partnerships are the backbone of Kama Capital’s expansion. We don’t just give our affiliates a product—we give them a winning edge in a competitive industry. If you’re serious about earning big in FinTech, you’ll want to stop by Booth E31.” – Omar Gazy, Affiliate Manager, Kama Capital.

Kama Capital Invites Affiliates and Partners to Shape the Future of FinTech

Kama Capital is more than a broker—it is a disruptive force in the financial sector, challenging traditional finance and providing traders and affiliates with the tools to navigate the markets with greater control.

Kama Capital will be available at Booth E31 at Affiliate World Dubai 2025.

Partnership inquiries can be made through www.kama-capital.com or in person at Affiliate World Dubai 2025.

About Kama Capital
Kama Capital was founded in 2021 to lead a new breed of traders empowered by cutting-edge AI and technology, aiming to redefine the future of trading. Headquartered in Dubai, the company utilizes advanced machine learning, algorithmic trading, Expert Advisors, data analytics, and next-generation trading tools to equip traders with the technology, intelligence, and control necessary to transform their trading practices. Kama Capital has garnered industry recognition for its innovative approach, earning accolades such as “Fintech of the Year” from Entrepreneur Magazine, and forming strategic partnerships with Tech Crunch, Finance Magnates, Acuity, and FutureTech Con, further solidifying its position as a leader in the financial trading sector.

For more information about Kama Capital, users can visit https://kama-capital.com

Contact

Head of Digital & Partnerships
Karthik R. Arumugam
Kama Capital
k.arumugam@kama-capital.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/87c57458-0f5b-47f9-83ca-905aa3e801a4

The MIL Network –
February 26, 2025
MIL-OSI: New Taxtec Report Reveals Global Lost Gains on Cross-border Securities

Source: GlobeNewswire (MIL-OSI)

LONDON, Feb. 26, 2025 (GLOBE NEWSWIRE) — TaxTec, the world’s first fully digital tax reclamation service, has released a study showing how much withholding tax lies unreclaimed annually on foreign dividends and interest payments. The study provides the most up-to-date global estimate of $16.4 billion, with US cross-border investors missing out on over $3.8 billion in rightful returns.

When foreign dividends or bond interest payments are made, the tax regime in question retains a certain level of withholding tax. Where that jurisdiction has a double taxation treaty with the investor’s domicile, a proportion of that withholding tax is reclaimable.

The reclamation process is, however, bureaucratic and complex. Many studies have remarked on the complexity of reclaiming withholding tax. The result is that not all reclaims are processed, with investors ending up losing a percentage of their rightful income.

This issue has come under the spotlight as the global volume of dividends paid out rises, and bonds once more deliver a significant coupon. Asset owners such as pension funds have a duty to their beneficiaries to maximize income, fund managers also have a fiduciary duty to optimize returns for investors, and custodians want to deliver the best possible service to clients.

Stephen Everard, CEO of TaxTec notes: “While some progress has been made over the past decade in withholding tax reclamation rates, there is still a long way to go. Services that ease the process of reclamation are widely available. And a handful of pioneering custodians have already engaged those services to optimize investor returns. Yet the gap still remains.”
“These returns belong to investors and it is the ethical duty of all market participants to ensure they are not left unnecessarily on the table. Double taxation treaties were set up to ensure that investors are not taxed twice, yet lack of reclamation on a proportion of rightful income is effectively allowing double taxation to continue.”

The TaxTec 2024 Reclamation Report is available at https://www.mindmetreresearch.com/taxtec-report-2024/

About TaxTec
Founded in 2023, TaxTec has set to revolutionize tax recovery for institutional investors and their agents. Utilizing the latest AI-enabled digital technology, our highly automated global tax recovery proposition and client-centric service model maximize reclaim opportunities for our clients across all major markets. TaxTec clients recover more tax at lower cost enhancing their investment returns.

Website: www.taxtec.co.uk
LinkedIn: www.linkedin.com/company/taxtec-group

Contact

Client Services Director
Sarah Nurgat
ThoughtSpark
sarah@thoughtsparkagency.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/ca03caf7-00f5-43cc-b2d6-19fd43f4efb5

The MIL Network –

February 26, 2025
MIL-OSI: Nokia launches MX Context to accelerate Industry 4.0 with AI-powered contextual awareness suites #MWC25
Source: GlobeNewswire (MIL-OSI)

Press Release
Nokia launches MX Context to accelerate Industry 4.0 with AI-powered contextual awareness suites #MWC25
- MX Context generates actionable insights to support intelligent automation for Industry 4.0 use cases.
- The solution uses sensor fusion and AI to interpret sensor data that helps enterprises improve their operational environment by eliminating data silos, optimizing resources, as well as enhancing worker safety.
- Launches with two use case suites, tracking and positioning and worker safety, that bring multi-modal sensor fusion and AI inferencing for operational technology.
26 February 2025
Espoo, Finland – Nokia today announced MX Context, a new solution that leverages sensor fusion technology to deliver AI-powered contextual awareness for industrial enterprises. Integrated into the Nokia Edge Compute and AI platform for industrial sites, MX Context processes large amounts of data from different sources, providing real-time actionable insights and intelligent automation to enable operational excellence and enhance decision-making.
MX Context is the only solution on the market that provides situational and contextual awareness.

According to MarketsandMarkets, the global sensor fusion market is projected to grow at a compound annual growth rate (CAGR) of 17.8%, reaching USD $18 billion by 2028.¹ This underscores the growing demand among organizations for solutions that unify data and provide rich insights to enhance efficiency, safety, and automation.

Operational Technology (OT) environments generate huge quantities of data from machine sensors, positioning systems, and worker-worn devices. Connecting these assets using private wireless provides industries with real-time data and operational insights. However, the increasing complexity of modern OT environments often creates data silos, which limits enterprises’ contextual awareness. With Nokia MX Context, industrial enterprises can now easily ingest, harmonize, and fuse sensor data to get real-time actionable insights and improve their operations.

Nokia MX Context leverages sensor fusion technology to combine multimodal data from different sources and deliver real-time, AI-powered insights for Industry 4.0 use cases. It utilizes Nokia’s on-premise edge industrial compute solutions, MXIE and MX Grid, for processing, as well as the MXIE Data Lake to store structured and unstructured data for historical analysis, and application data access via APIs.

“Sensor fusion and AI are key capabilities for core industrial automation applications spanning robotics, autonomous work cells, and collaborative scenarios involving humans and machines. Nokia, with its private wireless and on-premise industrial edge compute, is well positioned to offer critical use cases for worker safety and tracking and positioning to bring the power of AI insights to industrial digitalization,” said Ryan Martin, Senior Research Director at ABI Research.

“AI is becoming a strategic element for Industry 4.0 transformation. Nokia’s on-premise compute capabilities offer innovative AI solutions that are OT-compliant and bring the contextual awareness needed for industrial use cases. Nokia MX Context harmonizes real-time data from sensors and sensing technologies. It takes data-driven operational excellence to the next level, transforming data into contextual awareness information that can be used as actionable insights and intelligent automation,” said Stephan Litjens, Vice President Enterprise Campus Edge Solutions, Cloud and Network Services at Nokia.

MX Context also offers low-code visual development capabilities, enabling users to quickly create logical workflows and design dashboards with minimal coding expertise. It seamlessly integrates with Nokia MX Workmate, a powerful gen-AI assistant that enables natural language-based interactions with connected workers.

MX Context suites are modular and built to create use case-based contextual awareness solutions. The first two MX Context suites and associated user applications are tracking and positioning and worker safety.

Tracking and positioning: MX Context is the first industry solution that can ingest and fuse data from various tracking and positioning technologies, like Bluetooth Angle-of-Arrival (i.e., Nokia HAIP), video-based positioning (i.e., Nokia VPOD), worker devices’ GPS, and other MXIE third-party tracking technologies such as HERE HD GNSS and Nordic ID. It provides more accurate and reliable positioning and ensures tracking continuity across mixed industrial environments to optimize asset utilization, inventory management, processes, and material flow.

Worker safety: MX Context ingests and fuses different types of data from Nokia sensory solutions like Nokia VPOD, device sensors (i.e., gyroscopes, accelerometers, and microphones), and third-party applications. AI-based processing and fusion of real-time data provides, for the first time, situational awareness and contextual information, enabling the detection of potential accidents or incidents and facilitating the best response, such as triggering an alert, notifying emergency services, or providing real-time guidance to the worker.

As part of the MX Context sensory solutions that can leverage internal sensors in industrial workers’ handhelds, Nokia will be complementing its portfolio of industrial routers with new variants that boast multi-sensory capabilities (accelerometers, gyroscopes, voltmeters, environmental sensors, etc.). These routers can enhance machine insights and will also utilize advanced GNSS chips for more accurate outdoor positioning.

Multimedia, technical information and related news
Product Page: OT Edge DataOps | Nokia DAC
Web Page: Real-time tracking and positioning | Nokia DAC
Web Page: Worker safety | Nokia DAC

About Nokia
At Nokia, we create technology that helps the world act together.

As a B2B technology innovation leader, we are pioneering networks that sense, think and act by leveraging our work across mobile, fixed and cloud networks. In addition, we create value with intellectual property and long-term research, led by the award-winning Nokia Bell Labs, which is celebrating 100 years of innovation.

With truly open architectures that seamlessly integrate into any ecosystem, our high-performance networks create new opportunities for monetization and scale. Service providers, enterprises and partners worldwide trust Nokia to deliver secure, reliable and sustainable networks today – and work with us to create the digital services and applications of the future.

Media inquiries
Nokia Press Office
Email: Press.Services@nokia.com

Follow Nokia on social media
LinkedIn X Instagram Facebook YouTube

¹https://www.marketsandmarkets.com/Market-Reports/sensor-fusion-market-71637844.html

The MIL Network –
February 26, 2025
MIL-OSI: Sydbank’s 2024 Annual Report

Source: GlobeNewswire (MIL-OSI)

Company Announcement No 08/2025
26 February 2025

Sydbank’s 2024 Annual Report

Highly satisfactory profit thanks to all-time high core income

Core income has risen to a new all-time high level of DKK 7,227m from the record-level of DKK 7,071m in 2023. The increase is mainly attributable to a rise in income from asset management due to a significant increase in capital under management.

The Sydbank Group’s 2024 financial statements show a profit before tax of DKK 3,645m compared to DKK 4,281m in 2023. The decrease of DKK 636m is primarily attributable to impairment charges, which are DKK 622m higher in 2024 than in 2023. Profit before tax equals a return on equity of 24.6%.

Profit for the year is DKK 2,762m against DKK 3,342m in 2023, equal to a return on average equity after tax of 18.6%. At the beginning of 2024 profit after tax was projected to be in the range of DKK 2,500-2,900m.

CEO Mark Luscombe comments on the profit:
– It is positive that in 2024, due to a rise in core income, we succeeded in maintaining a profit before impairment charges at the record-high level that we achieved in 2023. Impairment charges represent an expense of DKK 595m, of which DKK 446m can be attributed to the restructuring of Better Energy. Profit after tax is in the upper end of the expectations for profit for the year announced in January 2024.

Mark Luscombe comments on developments in core income:
– Since June 2024 the Danish central bank has cut its key rates by 1pp and the effect is visible in net interest income, which is reduced by DKK 79m from the record-high level in 2023. The drop has occurred despite an increase in bank lending of DKK 8bn, equal to 11%. Other core income has gone up by DKK 235m, lifting total core income to a new all-time high. This is supported by strong business momentum and a high level of customer activity within savings and investments. I would like to thank all our employees for their hard work and contribution to this strong result and express my gratitude to our customers and shareholders for their continued support.

Board chairman Lars Mikkelgaard-Jensen comments:
– It is gratifying to note that, following the resignation of Karen Frøsig in mid-2024, the Bank under the management of Mark Luscombe has succeeded in continuing the very positive development under Karen Frøsig’s management. This has also been made possible by a well-planned handover focusing completely on the change of CEO not having any impact on Sydbank’s activities. We saw a very
satisfactory trend in the Bank’s business in 2024 and the very high earnings and the Bank’s strong capital base allow us to distribute DKK 2,727m, equal to 99% of profit for 2024. 50% of profit will be distributed as dividend and the remaining share will be distributed via a new share buyback
programme of DKK 1,350m. Following the dividend payout the Bank will continue to be well capitalised.

Outlook 2025
Moderate growth is projected for the Danish economy. Profit after tax is expected to be in the range of DKK 2,200-2,600m.

The profit forecast assumes that the Danish central bank will lower the interest rate by 1pp in 2025.

The outlook is subject to uncertainty and depends on financial market developments and macroeconomic factors which may affect eg the level of impairment charges.

2024 highlights
• A 2% increase in core income
• A rise in costs (core earnings) of 6%
• Impairment charges for loans and advances: an expense of DKK 595m
• A drop in profit for the year of DKK 580m to DKK 2,762m
• An 11% rise in bank loans and advances to DKK 82.5bn
• Deposits of DKK 116.7bn
• A capital ratio of 21.4%, including a CET1 ratio of 17.8%
• A proposed dividend of DKK 26.88 per share
• New share buyback programme of DKK 1,350m

Additional information
Jørn Adam Møller, Deputy Group Chief Executive, tel +45 74 37 20 30
Lars Grubak Lohff, Press Manager, tel +45 20 31 54 65

Attachments

The MIL Network –

February 26, 2025
MIL-OSI: The 2024 Annual Report of the Bank of Åland Plc has been published

Source: GlobeNewswire (MIL-OSI)

Bank of Åland Plc
Annual Financial Report
February 26, 2025, 9.30 EET

The 2024 Annual Report of the Bank of Åland Plc has been published
The Annual Report for 2024 of the Bank of Åland Plc (Ålandsbanken Abp), including the 2024 corporate governance report, was published today in Swedish and English. The Compensation Report and the Capital and Risk Management Report were published as separate documents at the same time.

The financial reports in Swedish are being published in compliance with European Single Electronic Format (ESEF) reporting requirements. In line with ESEF requirements, the primary portions of the consolidated financial statements have been marked up with XBRL tags.

The authorised public accounting company KPMG Oy has provided an independent auditors’ affidavit of reasonable assurance about the Bank of Åland Plc’s ESEF financial statements.

The Annual Report, the Compensation Report and the Capital and Risk management Report are available for downloading from our website:

Annual Report

https://www.alandsbanken.fi/uploads/pdf/result/arsredovisn2024en.pdf

Compensation Report

https://www.alandsbanken.fi/uploads/pdf/result/ersattningsrapport2024en.pdf

Capital and Risk Management Report

https://www.alandsbanken.fi/uploads/pdf/result/capital-and-risk-management-report_2024en.xlsx

Bank of Åland Plc

For further information, please contact:
Peter Wiklöf, Managing Director and Chief Executive, Bank of Åland, tel +358 40 512 7505

Attachments

The MIL Network –

February 26, 2025
MIL-OSI: Share buyback
Source: GlobeNewswire (MIL-OSI)

Company Announcement No 06/2025
Peberlyk 4
6200 Aabenraa, Denmark

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

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

26 February 2025

Dear Sirs

Share buyback

The Board of Directors has decided to implement a share buyback programme of DKK 1,350 million, however not exceeding 5,400,000 million shares. The purpose of the share buyback is to reduce the Bank’s share capital with the shares purchased under the programme.

At the general meeting of Sydbank A/S held on 21 March 2024 the Board of Directors was most recently authorised to allow the Bank to acquire own shares at a total value of up to 10% of the Bank’s share capital.

The price paid for shares may not differ by more than 10% from the price quoted on Nasdaq Copenhagen A/S at the time of purchase.

The share buyback is part of the adjustment to optimise the capital structure in accordance with the Bank’s capital targets and capital policy. At 31 December 2024 Sydbank’s CET1 ratio stood at 17.8% and its capital ratio stood at 21.7%.

The share buyback programme will be initiated on Monday 3 March 2025 and will be completed by 31 January 2026.

Sydbank has chosen Danske Bank A/S to manage the share buyback programme which will be executed in compliance with Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 and Commission Delegated Regulation (EU) 2016/1052 of 8 March 2016, referred to as the Safe Harbour rules.

The share buyback programme will be subject to the following guidelines:
- Shares may not be purchased at a price higher than the higher of the following prices:
I. the price of the last independent trade
II. the highest current independent purchase bid on the trading venue where the purchase is carried out, including when the shares are traded on different trading venues.
- Purchases on any trading day must not exceed 25% of the average daily volume of the shares in the preceding 20 trading days on the trading venue on which the purchase is carried out.
On the first banking day of each week Sydbank will state the number and value of repurchased shares in a company announcement.

Sydbank may suspend or end the share buyback programme at any time. In such case this will be announced in a company announcement.

On 23 January 2025 Sydbank’s share buyback programme of DKK 1,200m was completed. The share buyback programme was launched on 4 March 2024 and Sydbank purchased 3,383,960 shares within the programme. At 24 February 2025 Sydbank owned a total of 3,384,960 own shares, equal to approx 6.2% of the Bank’s share capital. The Board of Directors recommends to the AGM to be held on 20 March 2025 that the Bank’s share capital be reduced by DKK 33,839,000 to DKK 512,044,600.

Yours sincerely


Mark Luscombe        Jørn Adam Møller
CEO        Deputy Group Chief Executive

Attachment

The MIL Network –
February 26, 2025
MIL-OSI: Notice convening the Annual General Meeting
Source: GlobeNewswire (MIL-OSI)

Company Announcement No 07/2025
Peberlyk 4
6200 Aabenraa, Denmark

Tel +45 70 10 78 79
Fax +45 74 37 35 36

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

26 February 2025

Dear Sirs

Notice convening the Annual General Meeting

Sydbank’s Annual General Meeting will be held on Thursday 20 March 2025 at 3:00pm.

The notice and the agenda for the general meeting including appendices have been attached to this announcement.

Yours sincerely


Flemming Ramberg Mortensen
Group Executive Vice President


Attachments
- SM 07 UK
- Indkaldelse med bilag UK
The MIL Network –
February 26, 2025
MIL-OSI: ING to redeem two series of SEC registered Senior Notes
Source: GlobeNewswire (MIL-OSI)

ING to redeem two series of SEC registered Senior Notes

ING announced today it will redeem two series of outstanding SEC registered securities: the USD 500 million Callable Floating Rate Senior Notes (CUSIP 456837 BD4 / ISIN US456837BD49) and the USD 1,250 million 3.869% Callable Fixed-to-Floating Rate Senior Notes (CUSIP 456837 BA0 / ISIN US456837BA00) (together the “Callable Senior Notes”) on their call date of 28 March 2025.

The Callable Senior Notes will be redeemed in full in accordance with their terms, with payment to be made on 28 March 2025. The redemption price will be the principal amount of the Callable Senior Notes. Accrued and unpaid interest due on the redemption date will be paid in the usual manner to holders of record as of 27 March 2025. The paying agent for the Callable Senior Notes Securities is The Bank of New York Mellon, London Branch 160 Queen Victoria Street London EC4V 4LA United Kingdom.

Any future decisions by ING as to whether it will exercise (or cause to be exercised) calls in respect of debt securities will be made on an economic basis, taking into account the interests of all stakeholders. Other factors that ING will consider include prevailing market conditions, regulatory approval and capital requirements.

Note for editors

For more on ING, please visit www.ing.com. Frequent news updates can be found in the Newsroom or via X @ING_news feed. Photos of ING operations, buildings and its executives are available for download at Flickr.

ING PROFILE

ING is a global financial institution with a strong European base, offering banking services through its operating company ING Bank. The purpose of ING Bank is: empowering people to stay a step ahead in life and in business. ING Bank’s more than 60,000 employees offer retail and wholesale banking services to customers in over 100 countries.

ING Group shares are listed on the exchanges of Amsterdam (INGA NA, INGA.AS), Brussels and on the New York Stock Exchange (ADRs: ING US, ING.N).

ING aims to put sustainability at the heart of what we do. Our policies and actions are assessed by independent research and ratings providers, which give updates on them annually. ING’s ESG rating by MSCI was reconfirmed by MSCI as ‘AA’ in August 2024 for the fifth year. As of December 2023, in Sustainalytics’ view, ING’s management of ESG material risk is ‘Strong’. Our current ESG Risk Rating, is 17.2 (Low Risk).

ING Group shares are also included in major sustainability and ESG index products of leading providers including Euronext, STOXX, Morningstar and FTSE Russell.

IMPORTANT LEGAL INFORMATION

Elements of this press release contain or may contain information about ING Groep N.V. and/ or ING Bank N.V. within the meaning of Article 7(1) to (4) of EU Regulation No 596/2014 (‘Market Abuse Regulation’).

ING Group’s annual accounts are prepared in accordance with International Financial Reporting Standards as adopted by the European Union (‘IFRS- EU’). In preparing the financial information in this document, except as described otherwise, the same accounting principles are applied as in the 2023 ING Group consolidated annual accounts. The Financial statements for 2024 are in progress and may be subject to adjustments from subsequent events. All figures in this document are unaudited. Small differences are possible in the tables due to rounding.

Certain of the statements contained herein are not historical facts, including, without limitation, certain statements made of future expectations and other forward-looking statements that are based on management’s current views and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to diﬀer materially from those expressed or implied in such statements. Actual results, performance or events may diﬀer materially from those in such statements due to a number of factors, including, without limitation: (1) changes in general economic conditions and customer behaviour, in particular economic conditions in ING’s core markets, including changes affecting currency exchange rates and the regional and global economic impact of the invasion of Russia into Ukraine and related international response measures (2) changes affecting interest rate levels (3) any default of a major market participant and related market disruption (4) changes in performance of financial markets, including in Europe and developing markets

(5) fiscal uncertainty in Europe and the United States (6) discontinuation of or changes in ‘benchmark’ indices (7) inflation and deflation in our principal markets (8) changes in conditions in the credit and capital markets generally, including changes in borrower and counterparty creditworthiness (9) failures of banks falling under the scope of state compensation schemes (10) non- compliance with or changes in laws and regulations, including those concerning financial services, financial economic crimes and tax laws, and the interpretation and application thereof (11) geopolitical risks, political instabilities and policies and actions of governmental and regulatory authorities, including in connection with the invasion of Russia into Ukraine and the related international response measures (12) legal and regulatory risks in certain countries with less developed legal and regulatory frameworks (13) prudential supervision and regulations, including in relation to stress tests and regulatory restrictions on dividends and distributions (also among members of the group) (14) ING’s ability to meet minimum capital and other prudential regulatory requirements (15) changes in regulation of US commodities and derivatives businesses of ING and its customers (16) application of bank recovery and resolution regimes, including write down and conversion powers in relation to our securities (17) outcome of current and future litigation, enforcement proceedings, investigations or other regulatory actions, including claims by customers or stakeholders who feel misled or treated unfairly, and other conduct issues (18) changes in tax laws and regulations and risks of non-compliance or investigation in connection with tax laws, including FATCA (19) operational and IT risks, such as system disruptions or failures, breaches of security, cyber-attacks, human error, changes in operational practices or inadequate controls including in respect of third parties with which we do business and including any risks as a result of incomplete, inaccurate, or otherwise flawed outputs from the algorithms and data sets utilized in artificial intelligence (20) risks and challenges related to cybercrime including the eﬀects of cyberattacks and changes in legislation and regulation related to cybersecurity and data privacy, including such risks and challenges as a consequence of the use of emerging technologies, such as advanced forms of artificial intelligence and quantum computing (21) changes in general competitive factors, including ability to increase or maintain market share (22) inability to protect our intellectual property and infringement claims by third parties (23) inability of counterparties to meet financial obligations or ability to enforce rights against such counterparties (24) changes in credit ratings (25) business, operational, regulatory, reputation, transition and other risks and challenges in connection with climate change and ESG-related matters, including data gathering and reporting (26) inability to attract and retain key personnel (27) future liabilities under defined benefit retirement plans (28) failure to manage business risks, including in connection with use of models, use of derivatives, or maintaining appropriate policies and guidelines (29) changes in capital and credit markets, including interbank funding, as well as customer deposits, which provide the liquidity and capital required to fund our operations, and (30) the other risks and uncertainties detailed in the most recent annual report of ING Groep N.V. (including the Risk Factors contained therein) and ING’s more recent disclosures, including press releases, which are available on www.ING.com.

This document may contain ESG-related material that has been prepared by ING on the basis of publicly available information, internally developed data and other third-party sources believed to be reliable. ING has not sought to independently verify information obtained from public and third-party sources and makes no representations or warranties as to accuracy, completeness, reasonableness or reliability of such information.

Materiality, as used in the context of ESG, is distinct from, and should not be confused with, such term as defined in the Market Abuse Regulation or as defined for Securities and Exchange Commission (‘SEC’) reporting purposes. Any issues identified as material for purposes of ESG in this document are therefore not necessarily material as defined in the Market Abuse Regulation or for SEC reporting purposes. In addition, there is currently no single, globally recognized set of accepted definitions in assessing whether activities are “green” or “sustainable.” Without limiting any of the statements contained herein, we make no representation or warranty as to whether any of our securities constitutes a green or sustainable security or conforms to present or future investor expectations or objectives for green or sustainable investing. For information on characteristics of a security, use of proceeds, a description of applicable project(s) and/or any other relevant information, please reference the offering documents for such security.

This document may contain inactive textual addresses to internet websites operated by us and third parties. Reference to such websites is made for information purposes only, and information found at such websites is not incorporated by reference into this document. ING does not make any representation or warranty with respect to the accuracy or completeness of, or take any responsibility for, any information found at any websites operated by third parties. ING specifically disclaims any liability with respect to any information found at websites operated by third parties. ING cannot guarantee that websites operated by third parties remain available following the publication of this document, or that any information found at such websites will not change following the filing of this document. Many of those factors are beyond ING’s control.

Any forward-looking statements made by or on behalf of ING speak only as of the date they are made, and ING assumes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information or for any other reason.

This document does not constitute an oﬀer to sell, or a solicitation of an oﬀer to purchase, any securities in the United States or any other jurisdiction.

Attachment
- ING to redeem two series of SEC registered Senior Notes
The MIL Network –
February 26, 2025