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Category: GlobeNewswire

  • MIL-OSI: ReconAfrica Provides a Corporate Update and Announces That the Kavango West 1X Well Has Started Drilling

    Source: GlobeNewswire (MIL-OSI)

    CALGARY, Alberta, July 31, 2025 (GLOBE NEWSWIRE) — Reconnaissance Energy Africa Ltd. (the “Company” or “ReconAfrica”) (TSXV: RECO) (OTCQX: RECAF) (Frankfurt: 0XD) (NSX: REC) announces that the Kavango West 1X exploration well is currently drilling and provides a corporate update on ongoing operations.

    Kavango West 1X (Prospect I) – Well Spud on July 31st

    The Kavango West 1X exploration prospect spud on July 31st. The well is planned to reach total depth (TD) of approximately 3,800 metres (12,500 feet) by the end of November 2025 and is expected to penetrate over 1,500 metres of Otavi carbonate reservoir section, which is the primary target of the Damara Fold Belt play.   The prospect is a large structural fold identified on modern 2D seismic data, which extends over 22 kilometers long by 3 kilometers wide. The Company has identified over 19 prospects and four leads mapped in the Damara Fold Belt trend, with an additional 5.0 million acres captured in a recently executed Memorandum of Understanding in offsetting Angola. More information about the Damara Fold Belt Play, and the Kavango West 1X well, can be found in the Corporate Presentation available on the Company’s website.

    Brian Reinsborough, President and CEO stated: “We are pleased to announce that we have started drilling the Kavango West 1X well. This is an exciting time for everyone at the Company, our partners and stakeholders in Namibia and, of course, shareholders alike. Originally, the Kavango West 1X location was not scheduled to be the next well, but the location was reprioritized after the results of our last well, Naingopo. While this reprioritizing resulted in a slightly longer lead time to spud this location, the Company prioritizes rigorous technical appraisal with respect to location selection to ensure we have the best possible chance for commercial success. We think that the Kavango West 1X prospect represents our best opportunity in the Damara Fold Belt to unlock the potential of this play and we look forward to reporting results expected before year-end 2025.”

    Chris Sembritzky, SVP Exploration commented: “By utilizing our learnings from the Naingopo well, Kavango West 1X represents the best opportunity we have identified on seismic in the Damara Fold Belt play due to its size, hydrocarbon migration pathway and well defined four-way closure.  With our new subsurface learnings, highly experienced drilling crew and optimized, built for purpose drill bits, we believe that we have captured the best possible chance for drilling an efficient, safe and commercially successful well.”

    Corporate Update

    Due to our ongoing drilling activities, the previously announced 3D seismic program that had been scheduled for the second half of 2025 has been moved to the 2026 operating program.The Company is continually reviewing potential investment opportunities that may include acquisition of further acreage for exploration, development and producing properties and joint venture transactions that target acceleration of production and free cash flow, particularly due to the Company’s concentrated asset risk profile.

    Stock Option Grants

    As part of the annual compensation review, the Company has granted incentive stock options (the “Options”) to certain directors, officers, employees and consultants of the Company to acquire an aggregate of 6,960,000 common shares at an exercise price of $0.60 per share. The Options are exercisable for a five-year term expiring July 31, 2030, and will be subject to certain vesting provisions as determined by the Board of Directors of the Company in accordance with the Company’s Stock Option Plan. The Options granted to insiders are subject to restrictions on resale until November 30, 2025, in accordance with the policies of the TSX Venture Exchange.     

    About ReconAfrica

    ReconAfrica is a Canadian oil and gas company engaged in the exploration of the Damara Fold Belt and Kavango Rift Basin in the Kalahari Desert of northeastern Namibia, southeastern Angola and northwestern Botswana, where the Company holds petroleum licences comprising ~13 million contiguous acres. In all aspects of its operations, ReconAfrica is committed to minimal disturbance of habitat in line with international standards and implementing environmental and social best practices in its project areas.

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

    For further information contact:

    Brian Reinsborough, President and Chief Executive Officer
    Mark Friesen, Managing Director, Investor Relations & Capital Markets

    IR Inquiries Email: investors@reconafrica.com

    Media Inquiries Email: media@reconafrica.com

    Cautionary Note Regarding Forward-Looking Statements:

    Certain statements contained in this press release constitute forward-looking information under applicable Canadian, United States and other applicable securities laws, rules and regulations, including, without limitation, statements with respect to the expected timing of spud of the Kavango West 1X well, the well being drilled to a planned total depth of approximately 3,800 metres (12,500 feet), timing to reach total depth of the well, the planning, timing and commencement of a 3D seismic program, identifying and capturing potential opportunities and the Company’s commitment to minimal disturbance of habitat, in line with best international standards and its implementation of environmental and social best practices in its project areas. These statements relate to future events or future performance. The use of any of the words “could”, “intend”, “expect”, “believe”, “will”, “projected”, “estimated” and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on ReconAfrica’s current belief or assumptions as to the outcome and timing of such future events. There can be no assurance that such statements will prove to be accurate, as the Company’s actual results and future events could differ materially from those anticipated in these forward-looking statements as a result of the factors discussed in the “Risk Factors” section in the Company’s annual information form (“AIF”) dated April 29, 2025 for the financial period ended December 31, 2024, available under the Company’s profile at www.sedarplus.ca. Actual future results may differ materially. Various assumptions or factors are typically applied in drawing conclusions or making the forecasts or projections set out in forward-looking information. Those assumptions and factors are based on information currently available to ReconAfrica. The forward-looking information contained in this release is made as of the date hereof and ReconAfrica undertakes no obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward-looking information. The foregoing statements expressly qualify any forward-looking information contained herein.

    The MIL Network –

  • MIL-OSI: QuestionPro Launches Partnerships Ecosystem to Transform Research Industry

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, July 31, 2025 (GLOBE NEWSWIRE) — QuestionPro announces the launch of the QuestionPro Partnerships Ecosystem, a comprehensive ecosystem designed to push the traditional boundaries of speed, intelligence, and depth of research norms. This ecosystem positions itself as the definitive platform for next-generation research capabilities.

    The future of research will be powered by three forces. Faster research turnaround, smarter research processes, and deeper insights.The goal of the QuestionPro Partnerships Ecosystem is to foster a new culture of collaboration to enable our clients to successfully embrace the future of research. Where the future of insights isn’t siloed but collaborative.

    “The question isn’t whether organizations need faster, smarter, deeper research capabilities – it’s whether any single organization can solve all these emerging challenges alone,” said Vivek Bhaskaran, CEO of QuestionPro. “The answer is no. That is at the core of why we built this curated ecosystem.”

    “The future of insights will be powered by ecosystems,” said Sumair Sayani, Global Lead AI Programs & Strategic Partnerships. “The QuestionPro Partner Ecosystem democratizes advanced research capabilities, allowing businesses of all sizes to access enterprise-grade tools without complexity.”

    The QuestionPro Partnerships Ecosystem is now available worldwide. Special offers are available for early adopters, with broader availability throughout Q3 2025. Offering ready-to-launch solutions for every research need, with AI and automation capabilities that reduce time organizing data while increasing time acting on insights.

    About QuestionPro
    Founded in 2006, QuestionPro is a global provider of online survey and research services that help companies make better decisions through data. Our fully integrated online platform includes surveys, research & insights, customer experience (CX) and workforce/employee experience software. We additionally offer polling, journey mapping, employee 360s, and data visualization. Our clientele ranges from small businesses to Fortune 100 companies, who rely on us for insights about customers, employees, and the partnerships. With offices in the US, Canada, Mexico, U.K., Germany, Japan, Australia, the United Arab Emirates and India, we offer customers 24-7 access to highly trained support specialists and engineers. More information is available at https://www.questionpro.com/us/

    The MIL Network –

  • MIL-OSI: Firm Capital Property Trust Announces Normal Course Issuer Bid

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, July 31, 2025 (GLOBE NEWSWIRE) — Firm Capital Property Trust (“FCPT” or the “Trust”), (TSX: FCD.UN) announced today that the Toronto Stock Exchange (the “TSX”) has accepted a notice filed by FCPT of its intention to make a normal course issuer bid (the “NCIB”) with respect to its outstanding trust units.

    The notice provides that FCPT may, during the 12 month period commencing August 5, 2025 and ending no later than August 4, 2026, purchase through the facilities of the TSX and/or alternative Canadian Trading Systems up to 3,266,775 trust units in total, being 10% of the “public float” of trust units as of July 28, 2025. The price which FCPT will pay for any trust units will be the market price at the time of acquisition. During the period of this NCIB, FCPT may make purchases under the NCIB by means of open market transactions. The actual number of trust units which may be purchased pursuant to the NCIB and the timing of any such purchases will be determined by senior management of FCPT. The average daily trading volume on the TSX from January 1, 2025 to June 30, 2025 was 24,867 trust units. Daily purchases under the NCIB will be limited to 6,216 trust units, other than block purchases. All trust units purchased by FCPT under the NCIB will be cancelled.

    As of July 28, 2025, there were 36,925,682 trust units of FCPT outstanding, and the public float was 32,667,751 trust units.

    FCPT believes that its trust units may from time to time trade in a price range that does not adequately reflect the value of such units in relation to the business of FCPT and its future business prospects. As a result, depending upon future price movements and other factors, FCPT believes that the outstanding trust units may represent an attractive investment to FCPT. Furthermore, purchases of trust units are expected to benefit all persons who continue to hold trust units by increasing their equity interest in FCPT.

    Pursuant to a previous notice of intention to conduct a NCIB, FCPT sought and received approval from the TSX to purchase up to 3,281,995 trust units through open market purchases on the TSX and alternative Canadian trading systems for the period of July 18, 2024 to July 17, 2025. FCPT did not purchase for cancellation any of its trust units under this prior normal course issuer bid.

    ABOUT FIRM CAPITAL PROPERTY TRUST (TSX : FCD.UN)

    Firm Capital Property Trust is focused on creating long-term value for Unitholders, through capital preservation and disciplined investing to achieve stable distributable income. In partnership with management and industry leaders, the Trust’s plan is to own as well as to co-own a diversified property portfolio of multi-residential, flex industrial and net lease convenience retail. In addition to stand alone accretive acquisitions, the Trust will make joint acquisitions with strong financial partners and acquisitions of partial interests from existing ownership groups, in a manner that provides liquidity to those selling owners and professional management for those remaining as partners. Firm Capital Realty Partners Inc., through a structure focused on an alignment of interests with the Trust sources, syndicates and property and asset manages investments on behalf of the Trust.

    FORWARD LOOKING INFORMATION

    This press release contains contain forward-looking statements within the meaning of applicable securities laws including, among others, statements relating to future purchases of trust units under the NCIB. In some cases, forward-looking statements can be identified by the use of words such as “may”, “will”, “should”, “expect”, “plan”, “anticipate”, “believe”, “estimate”, “predict”, “potential”, “continue”, and by discussions of strategies that involve risks and uncertainties. The forward-looking statements are based on certain key expectations and assumptions made by the Trust. By their nature, forward-looking statements involve numerous assumptions, inherent risks and uncertainties, both general and specific, that contribute to the possibility that the predictions, forecasts, projections and various future events will not occur. Although management of the Trust believes that the expectations reflected in the forward-looking statements are reasonable, there can be no assurance that future results, levels of activity, performance or achievements will occur as anticipated. These statements are not guarantees and are based on our estimates and assumptions that are subject to risks and uncertainties. These risks include, but are not limited to, risks associated with the Trust’s financial condition and prospects; the stability of general economic and market conditions; interest rates; the underlying value of the Trust and its trust units; the ability of the Trust to complete purchases under the NCIB; the availability of cash for repurchases of outstanding trust units under the NCIB; the existence of alternative uses for the Trust’s cash resources which may be superior to effecting repurchases under the NCIB; compliance by third parties with their contractual obligations; compliance with applicable laws and regulations pertaining to the NCIB; and other risks related to the Trust’s business, including those described in the Trust’s Annual Information Form for the year ended December 31, 2024 under “Risks and Uncertainties” (a copy of which can be obtained at www.sedar.com). Neither the Trust nor any other person assumes responsibility for the accuracy and completeness of any forward-looking statements, and no one has any obligation to update or revise any forward-looking statement, whether as a result of new information, future events or such other factors which affect this information, except as required by law.

    Neither the TSX nor its Regulation Services Provider (as that term is defined in the policies of the TSX) accepts responsibility for the adequacy or accuracy of this release. Additional information about the Trust is available at www.firmcapital.com or www.sedarplus.ca.

    For further information, please contact:
       
    Robert McKee
    President & Chief Executive Officer
    (416) 635-0221      		 Sandy Poklar
    Chief Financial Officer
    (416) 635-0221
       
    For Investor Relations information, please contact:
       
    Victoria Moayedi
    Director, Investor Relations
    (416) 635-0221    		  
       

    The MIL Network –

  • MIL-OSI: Scality releases open source COSI and CSI drivers to streamline Kubernetes object and file storage provisioning

    Source: GlobeNewswire (MIL-OSI)

    SAN FRANCISCO, July 31, 2025 (GLOBE NEWSWIRE) — Scality, a global leader in cyber-resilient storage software for the AI era, today announced the release of two open source Kubernetes drivers:

    • A Container Object Storage Interface (COSI) driver, compatible with any S3-compatible object storage solution—including Scality’s RING and ARTESCA
    • A Container Storage Interface (CSI) driver that allows Kubernetes to provision file storage directly from RING S3 buckets

    COSI is an open Kubernetes standard that enables cloud-native applications to provision and consume object storage — such as S3 buckets — using familiar Kubernetes APIs and workflows. Much like the CSI standard for file storage, COSI brings object storage into the Kubernetes ecosystem as a first-class resource. Scality’s COSI driver automates bucket provisioning, credential management, and access controls — eliminating the need for manual configuration or custom scripts.

    CSI is an open source interface that enables native Kubernetes integration. It allows developers to provision, attach, mount, and manage file storage volumes directly within their Kubernetes workflows, leveraging massive scale out capabilities of RING.

    Users gain streamlined S3 storage operations for both object and file storage 
    These latest Scality innovations empower organizations and cloud service providers to streamline operations and accelerate development by allowing applications to dynamically request object storage resources using standard Kubernetes APIs. The COSI and CSI drivers automatically handle the backend provisioning of S3 buckets, identity and access management (IAM) credentials, and access configuration all without user intervention.

    “Our new COSI and CSI drivers bridge the gap between Kubernetes-native application development and enterprise-grade object storage,” said Erwan Girard, Chief Product Officer, Scality Inc. “By leveraging the standard S3 and IAM APIs — instead of proprietary protocols — we’re providing developers with a completely transparent, standards-based interface for scalable, secure, persistent storage.”

    Fully integrated Kubernetes storage, delivered via open source
    Unlike alternate methods that require manual configuration or custom scripting, the Scality COSI driver tightly integrates with Kubernetes orchestration. Application developers can simply define bucket claims and access resources within their Kubernetes manifests. The driver automates the creation of S3 buckets on Scality RING, generates user credentials, and stores them securely in Kubernetes for use — all within seconds.

    This seamless developer experience is made possible through Scality’s commitment to Kubernetes-native workflows and open-source innovation. Both the COSI and complementary CSI drivers are available as open-source projects, giving users full transparency and flexibility.

    “By releasing our COSI and CSI drivers as open source, we’re contributing to the broader Kubernetes and cloud-native ecosystem,” said Girard. “This aligns with our long-standing philosophy of openness and customer choice and reflects our leadership in delivering next-generation solutions for modern applications.”

    Automatic S3 bucket access for Kubernetes workloads
    The new COSI driver for RING is especially valuable for enterprises and cloud service providers that rely on Kubernetes as a foundation for scalable applications and need integrated access to object storage that is both performant and cost-effective. Whether operating in a private data center or a multi-tenant cloud platform, users benefit from:

    • Kubernetes-native provisioning of S3-compatible object storage
    • Fully automated credential and bucket management via IAM integration
    • Open source availability for transparency and extensibility
    • Support for Scality RING, the industry’s fastest object store, also available in all-flash (RING XP) for high-performance workloads

    Optional file system support via Scality’s CSI driver 
    The new Scality open source drivers support a broad range of use cases including cloud-native development, DevOps workflows, data pipeline integration, and multi-tenant SaaS platforms. In addition to Scality’s COSI driver, the CSI driver enables file-based access for Kubernetes workloads that require access to a POSIX-like file system volume while still benefiting from the scalability and cost-efficiency of object storage behind the scenes. This is particularly useful for service providers looking to implement pay-as-you-go billing models that enable users to only pay for what they consume, rather than over-provisioning fixed-capacity file system volumes.

    “Scality’s S3 object storage easily scales with demand, provides fast, easy access to data, and offers advanced protection to ensure uninterrupted business operations,” said Jeyhun Garayev, Director of Information Technology Department, AzInTelecom. “The RING environment gives us the flexibility to adapt and expand our infrastructure as our business evolves.”

    Available now for Scality RING, ARTESCA and the open source community
    The new COSI driver is compatible with both Scality RING and ARTESCA, while the CSI driver is fully qualified for use with Scality RING, the company’s industry-leading object storage platform. The drivers are available at no additional cost for licensed RING and ARTESCA customers and are provided as part of the standard implementation toolkit. As open source software, the code is publicly accessible for evaluation and customization. To access the COSI and CSI drivers for RING/ARTESCA and related documentation, visit:

    Read more about our open source COSI driver for Kubernetes in our latest blog: 

    About Scality
    Scality solves organizations’ biggest data storage challenges — growth, security, performance, and cost. Designed for end-to-end cyber resilience, only Scality S3 object storage with CORE5 safeguards data at every level of the system, from API to architecture. Its patented MultiScale Architecture enables limitless, independent scalability in all critical dimensions to meet the unpredictable demands of modern workloads. The world’s most discerning companies depend on Scality to accelerate high-performance AI initiatives, optimize cloud deployments, and defend their data with confidence. Recognized as a leader by Gartner, Scality software is reliable, secure, and sustainable. Follow us on LinkedIn. Visit www.scality.com and our blog.

    Media Contact: 
    Erin Jones
    Avista Public Relations for Scality
    805.440.6587 
    scality@avistapr.com

    The MIL Network –

  • MIL-OSI: Teads Unveils Connected Ads: A New Premium Brand and Performance Solution for the Open Internet

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, July 31, 2025 (GLOBE NEWSWIRE) — Teads (NASDAQ: TEAD), the omnichannel outcomes platform for the open internet, today announced the beta launch of Connected Ads, an innovative branding solution which expands creative possibilities and engagement across premium publisher environments while reinforcing the company’s core value proposition: to deliver brand-to-performance outcomes at scale.

    Connected Ads introduces a unified ad experience featuring two complementary ad placements within the same publisher page – the first embedded within the article and the second at the end of the article. As users scroll through publisher pages, the second ad placement appears, creating a canvas for more opportunities for brands to stand out. Advertisers can use this space for high-impact messaging or introduce interactive elements to deepen engagement. This exclusive format gives advertisers two sequential, high-attention opportunities in a single content session, helping brands build awareness and drive measurable outcomes on the open internet.

    “With this unique ad experience, we’re giving brands the ability to cut through the noise and tell new impactful stories,” said Remi Cackel, EVP of Global Demand Product at Teads. “Fully rooted in Teads’ creative excellence, it’s the first step in achieving brandformance goals in one seamless experience, powered by high-quality environments and user-first design.”

    Key benefits of Connected Ads include:

    • A premium open-web branding format that enables sequential storytelling and deeper engagement.
    • High-attention placements that maximize impact without disrupting the user experience.
    • An exclusive creative solution, only available on the Teads platform.
    • Built for brands that value premium environments, innovation, and brand-to-performance outcomes.

    Connected Ads reflects Teads’ ongoing commitment to innovation at the intersection of brand and performance outcomes, enabling advertisers to capitalize on multiple stages of the marketing funnel within a single integrated solution.

    The beta launch is live across leading publishers in Germany, France, Italy, Japan, the UK, and the US and is being tested by several enterprise advertisers.

    About Teads
    Teads is the omnichannel outcomes platform for the open internet, driving full-funnel results for marketers across premium media. With a focus on meaningful business outcomes for branding and performance objectives, Teads ensures value is driven with every media dollar by leveraging predictive AI technology to connect quality media, beautiful brand creative, and context-driven addressability and measurement. One of the most scaled advertising platforms on the open internet, Teads is directly partnered with more than 10,000 publishers and 20,000 advertisers globally. The company is headquartered in New York, with a global team of nearly 1,800 people in 30+ countries.

    For more information, visit www.teads.com.

    Forward-Looking Statements
    This press release contains forward-looking statements within the meaning of the federal securities laws, which statements involve substantial risks and uncertainties. Forward-looking statements generally relate to possible or assumed future results of our business, financial condition, results of operations, liquidity, plans and objectives. You can generally identify forward-looking statements because they contain words such as “may,” “will,” “should,” “expects,” “plans,” “anticipates,” “could,” “intends,” “guidance,” “outlook,” “target,” “projects,” “contemplates,” “believes,” “estimates,” “predicts,” “foresee,” “potential” or “continue” or the negative of these terms or other similar expressions that concern our expectations, strategy, plans or intentions.

    We have based these forward-looking statements largely on our current expectations and projections regarding future events and trends that we believe may affect our business, financial condition and results of operations. The outcome of the events described in these forward-looking statements is subject to risks, uncertainties and other factors, including but not limited to: the risk that advertisers may not adopt our new Connected Ads solution at the rate we expect or that the beta program may not be successful; the risk that our new ad formats, including Connected Ads, may not deliver the anticipated benefits of enhanced attention, storytelling, and brand-to-performance outcomes; risks related to the successful development and scaling of new and complex advertising products; our ability to compete effectively and maintain any technological or creative advantages in the competitive digital advertising market; and the other important risks described in the section entitled “Risk Factors” and elsewhere in the Annual Report on Form 10-K filed for the year ended December 31, 2024, in the Quarterly Report on Form 10-Q filed for the quarter ended March 31, 2025, and in subsequent reports filed with the Securities and Exchange Commission (the “SEC”), which are available on our website at https://investors.teads.com/ and on the SEC’s website at www.sec.gov.

    Accordingly, you should not rely upon forward-looking statements as predictions of future events. We cannot assure you that the results, events and circumstances reflected in the forward-looking statements will be achieved or occur, and actual results, events or circumstances could differ materially from those projected in the forward-looking statements. We undertake no obligation to update any forward-looking statement to reflect events or circumstances after the date on which the statement is made or to reflect the occurrence of unanticipated events. We do not assume any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

    Media Contact
    press@teads.com

    Investor Relations Contact
    IR@teads.com
    (332) 205-8999

    The MIL Network –

  • MIL-OSI: Sprott Announces Date for 2025 Second Quarter Results Webcast

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, July 31, 2025 (GLOBE NEWSWIRE) — Sprott Inc. (NYSE:SII) (TSX:SII) (“Sprott”) announced today that it plans to release its 2025 second quarter results at 7:00 a.m. on August 6, 2025. Sprott will host an earnings webcast that morning at 10:00 a.m. to discuss the results. Sprott CEO, Whitney George, together with Sprott CFO, Kevin Hibbert and Sprott Asset Management CEO, John Ciampaglia, will host the webcast, which can be accessed as outlined below.


    PLEASE NOTE:     Research analysts who cover the company should register at:
    https://register-conf.media-server.com/register/BI5667904652564dc48b47adb69137c413

    Pre-registration is now open.

    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. 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: (416) 943-4394 or ir@sprott.com.

    The MIL Network –

  • MIL-OSI: TAB Bank Adds Sam Cirelli to Strengthen Northeast Lending Team

    Source: GlobeNewswire (MIL-OSI)

    OGDEN, Utah, July 31, 2025 (GLOBE NEWSWIRE) — TAB Bank has added Sam Cirelli as Vice President, Business Development, to strengthen the Northeast lending team. Based in New York, Cirelli has spent over 30 years as a corporate lender and advisor to small and mid-sized companies. He managed, directed, and closed more than $10 billion in loan commitments across 700 transactions in multiple industries.

    “I’m excited to help TAB grow its business in the Northeast region and use my expertise to develop reliable and creative financial solutions for clients,” said Cirelli. “I’m honored to be part of the TAB Bank team and be a trusted advisor in helping businesses achieve their goals.”

    Cirelli has extensive experience in executive management, portfolio management, underwriting, loan origination and structuring. He was previously an originations manager and sales manager at Triumph, where he grew the Northeast region’s business. He has also founded and led two prominent asset-based lending startups.

    Cirelli was a founding managing partner of Northern Lights Partners, a boutique investment bank raising capital and debt and advising on mergers and acquisitions. He has also served as global loan origination director for General Motors Finance, where he was responsible for the US, UK and Canadian markets.

    Cirelli has been an adjunct professor at New York University, teaching Harvard Case Studies in corporate finance, and at Wagner College, teaching undergraduate and MBA programs in corporate finance. He received a bachelor’s degree in finance and an MBA from St. John’s University.

    About TAB Bank
    At TAB Bank, our mission is to unlock dreams with bold financial solutions that empower individuals and businesses nationwide. We are committed to building value in all we do through our innovative banking products.   Our dedication drives us to continuously improve, ensuring that we meet the evolving needs of our clients with excellence and agility. For over 25 years, we have remained steadfast in offering tailored, technology-enabled solutions designed to simplify and enhance the banking experience. 

    For more information about how we can help you achieve your financial dreams, visit www.TABBank.com.

    Contact Information:
    Trevor Morris
    Director of Marketing
    801-710-6318
    trevor.morris@tabbank.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/c9726fbb-6563-49b7-a042-061dab830f6a.

    The MIL Network –

  • MIL-OSI: CERo Therapeutics Doses Second Acute Myeloid Leukemia Patient with CER-1236

    Source: GlobeNewswire (MIL-OSI)

    Second patient in the first cohort is now advancing through protocol-defined evaluations as Company provides promising update on first patient pharmacokinetic results

    SOUTH SAN FRANSCISCO, Calif., July 31, 2025 (GLOBE NEWSWIRE) — CERo Therapeutics Holdings, Inc., (Nasdaq: CERO) (“CERo” or the “Company”) an innovative cellular immunotherapy company seeking to advance the next generation of engineered T cell therapeutics that employ phagocytic mechanisms, announces it has dosed the second patient in the first cohort of its Phase 1 CER-1236 clinical trial focused on patients with acute myeloid leukemia (AML).  The patient was dosed at the Sarah Cannon Research Institute (SCRI) at Colorado Blood Cancer Institute (CBCI) in Denver, Colorado, with Yazan Migdady, M.D., an associate member physician at CBCI acting as principal investigator for the study.  With more than seven days passed following the second patient’s infusion, monitoring continues for key safety, tolerability, and efficacy endpoints. 

    Dr. Migdady noted, “The dosing of the second patient in this Phase 1 first-in-human trial is an important indicator, representing a key clinical development milestone for CER-1236, a novel autologous CAR-T therapeutic candidate targeting TIM 4L.  We believe that CER-1236 may be an important advancement in cancer immunotherapy and this second patient reflects steady progress in our clinical evaluation.  We are now conducting protocol-specified evaluations of safety, pharmacodynamic, pharmacokinetic, and efficacy endpoints, and expect to communicate progress over the course of the study.”

    Previously CERo reported that the first patient treated in CertainT-1 had no dose-limiting toxicities during the 28-day DLT observation period. Further analysis of CER-1236 pharmacokinetics in this patient reveals that the therapy of infused cells expanded (e.g., the cell number multiplied) as expected upon infusion, reaching a peak at 14 days post infusion with a 20.8-fold expansion of infused cells. These are early insights into how CER-1236 functions in AML patients, and CERo will be monitoring pharmacokinetics in subsequent patients.

    The first-in-human, multi-center, open label, Phase 1/1b study is designed to evaluate the safety and preliminary efficacy of CER-1236 in patients with acute myeloid leukemia that is either relapsed/refractory, or in remission with measurable residual disease, or newly diagnosed patients with TP53 mutated MDS/AML or AML. The two-part study has begun with dose escalation to determine the highest tolerated dose and recommended dose for Phase 2, followed by an expansion phase to evaluate safety and efficacy.  Primary outcome measures include incidence of adverse events (AEs) and serious adverse events (SAEs), incidence of dose limited toxicities and estimation of overall response rate (ORR), complete response (CR), composite complete response (cCR), and measurable residual disease (MRD).  Secondary outcome measures include pharmacokinetics (PK).

    CERo CEO Chris Ehrlich said, “We are encouraged that in our very first patient treated we saw rapid and significant expansion in CER-1236 cells after infusion, a positive sign that we’re on the right track in our Phase I study, based on the extensive experience and history of the clinical development of CAR T cells.  We continue to believe that CER-1236 is a novel approach to treating cancer, and we are grateful for the participation of our first and second patients, and to the many people who have worked tirelessly to reach this milestone, including our CERO team, our consultants and study sites.  We look forward to discussing additional outcomes, which we anticipate will validate the scientific work performed to date with CER-1236.”

    About CERo Therapeutics Holdings, Inc.

    CERo is an innovative immunotherapy company advancing the development of next generation engineered T cell therapeutics for the treatment of cancer. Its proprietary approach to T cell engineering, which enables it to integrate certain desirable characteristics of both innate and adaptive immunity into a single therapeutic construct, is designed to engage the body’s full immune repertoire to achieve optimized cancer therapy. This novel cellular immunotherapy platform is expected to redirect patient-derived T cells to eliminate tumors by building in engulfment pathways that employ phagocytic mechanisms to destroy cancer cells, creating what CERo refers to as Chimeric Engulfment Receptor T cells (“CER-T”). CERo believes the differentiated activity of CER-T cells will afford them greater therapeutic application than currently approved chimeric antigen receptor (“CAR-T”) cell therapy, as the use of CER-T may potentially span both hematological malignancies and solid tumors. CERo has commenced clinical trials for its lead product candidate CER-1236 for hematological malignancies.

    Forward-Looking Statements

    This communication contains statements that are forward-looking and as such are not historical facts. This includes, without limitation, statements regarding the financial position, business strategy and the plans and objectives of management for future operations of CERo. These statements constitute projections, forecasts and forward-looking statements, and are not guarantees of performance. Such statements can be identified by the fact that they do not relate strictly to historical or current facts. When used in this communication, words such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “strive,” “would” and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. When CERo discusses its strategies or plans, it is making projections, forecasts or forward-looking statements. Such statements are based on the beliefs of, as well as assumptions made by and information currently available to, CERo’s management.

    Actual results could differ from those implied by the forward-looking statements in this communication. Certain risks that could cause actual results to differ are set forth in CERo’s filings with the Securities and Exchange Commission, including its most recent Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q, and the documents incorporated by reference therein. The risks described in CERo’s filings with the Securities and Exchange Commission are not exhaustive. New risk factors emerge from time to time, and it is not possible to predict all such risk factors, nor can CERo assess the impact of all such risk factors on its business, or the extent to which any factor or combination of factors may cause actual results to differ materially from those contained in any forward-looking statements. Forward-looking statements are not guarantees of performance. You should not put undue reliance on these statements, which speak only as of the date hereof. All forward-looking statements made by CERo or persons acting on its behalf are expressly qualified in their entirety by the foregoing cautionary statements. CERo undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

    Contact:
    Chris Ehrlich
    Chief Executive Officer
    chris@cero.bio

    Investors:
    CORE IR

    investors@cero.bio

    The MIL Network –

  • MIL-OSI: Inuvo to Host Second Quarter 2025 Financial Results Conference Call on Thursday, August 7th at 4:15 P.M. ET

    Source: GlobeNewswire (MIL-OSI)

    LITTLE ROCK, Ark., July 31, 2025 (GLOBE NEWSWIRE) — Inuvo, Inc. (NYSE American: INUV), a leading provider of artificial intelligence AdTech solutions, will host a conference call on Thursday, August 7, 2025, at 4:15 PM Eastern Time to discuss its financial results and provide a business update for the second quarter ended June 30, 2025.

    Conference Call Details: 
    Date: Thursday, August 7, 2025
    Time: 4:15 p.m. Eastern Time 
    Toll-free Dial-in Number: 1-800-717-1738
    International Dial-in Number: 1-646-307-1865
    Conference ID: 1148531
    Webcast Link: HERE

    A telephone replay will be available through Thursday, August 21, 2025. To access the replay, please dial 1-844-512-2921 (domestic) or 1-412-317-6671 (international). At the system prompt, please enter the code 1148531 followed by the # sign. You will then be prompted for your name, company, and phone number. Playback will then automatically begin.

    About Inuvo

    Inuvo®, Inc. (NYSE American: INUV) is a market leader in Artificial Intelligence built for advertising. Its IntentKey AI solution is a first-of-its-kind proprietary and patented technology capable of identifying and actioning to the reasons why consumers are interested in products, services, or brands, not who those consumers are. To learn more, visit www.inuvo.com.

    Inuvo Company Contact:
    Wally Ruiz
    Chief Financial Officer
    Tel (501) 205-8397
    wallace.ruiz@inuvo.com

    The MIL Network –

  • MIL-OSI: U.S. Navy Awards $202 Million Contract to SAIC to Continue Advancing Fleet Deployment Training Program

    Source: GlobeNewswire (MIL-OSI)

    RESTON, Va., July 31, 2025 (GLOBE NEWSWIRE) — Science Applications International Corp. (NASDAQ: SAIC) has been awarded a $202 million contract to provide an extensive range of training solutions for the U.S. Navy, including modernized virtual and synthetic training environments, as part of the Fleet Deployment Training Program. This initiative is crucial to supporting U.S. Fleet Forces (USFF) and associated Fleet commands and activities, significantly enhancing the Navy’s readiness to operate and fight effectively across the globe.

    The renewed prime contract includes a 10-month base period of performance, four one-year options and one six-month extension option – ensuring a sustained and robust partnership to fortify the Navy’s training programs.

    “Our team is extremely proud to continue this decades-long, dedicated support for the U.S. Navy to advance their operational readiness,” said Barbara Supplee, SAIC executive vice president of Navy Business Group. “This program is integral to ensuring the Navy is thoroughly prepared to execute any mission assigned by Geographic Combatant and Forward Fleet Commanders. It directly enhances the Navy’s ability to deploy and employ all facets of the naval force on a global scale – making a critical difference in combat situations and supporting the Chief of Naval Operation’s priority of developing highly capable warfighting teams equipped for the complexities of modern combat environments.”

    Under this contract, SAIC will provide the Navy with extensive training and readiness support capabilities across 19 different headquarters and training commands. This encompasses academic instruction, live exercises, synthetic training events and policy support to ensure comprehensive pre-deployment training and certification, as well as post-deployment sustainment for fleet units and staffs.

    SAIC’s support extends to delivering advanced training scenarios through Fleet Synthetic Training and Live, Virtual, and Constructive (LVC) environments. These training methods cover the Fleet Training Continuum from Basic Phase unit-level activities to Advanced Phase certifications, culminating in high-end Integrated Phase major exercises for deployment readiness. Additionally, SAIC will provide reach-back training support to strike groups and amphibious ready groups during deployments, adapting to the evolving operational environments and emerging threats.

    This contract underscores SAIC’s long-standing commitment to enhancing the Navy’s global readiness and combat capabilities, playing a pivotal role in improving operational effectiveness and preparedness across the Navy. Our innovative training solutions have been instrumental in ensuring the Navy’s ability to swiftly adapt to evolving threats and operational environments. By equipping naval forces to face challenges and secure strategic interests worldwide, SAIC is playing a critical role in ensuring the Navy’s ability to maintain operational superiority across the globe.

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

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

    Forward-Looking Statements 
    Forward-Looking Statements Certain statements in this release contain or are based on “forward-looking” information within the meaning of the Private Securities Litigation Reform Act of 1995. In some cases, you can identify forward-looking statements by words such as “expects,” “intends,” “plans,” “anticipates,” “believes,” “estimates,” “guidance,” and similar words or phrases. Forward-looking statements in this release may include, among others, estimates of future revenues, operating income, earnings, earnings per share, charges, total contract value, backlog, outstanding shares and cash flows, as well as statements about future dividends, share repurchases and other capital deployment plans. Such statements are not guarantees of future performance and involve risk, uncertainties and assumptions, and actual results may differ materially from the guidance and other forward-looking statements made in this release as a result of various factors. Risks, uncertainties and assumptions that could cause or contribute to these material differences include those discussed in the “Risk Factors,” “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and “Legal Proceedings” sections of our Annual Report on Form 10-K, as updated in any subsequent Quarterly Reports on Form 10-Q and other filings with the SEC, which may be viewed or obtained through the Investor Relations section of our website at saic.com or on the SEC’s website at sec.gov. Due to such risks, uncertainties and assumptions you are cautioned not to place undue reliance on such forward-looking statements, which speak only as of the date hereof. SAIC expressly disclaims any duty to update any forward-looking statement provided in this release to reflect subsequent events, actual results or changes in SAIC’s expectations. SAIC also disclaims any duty to comment upon or correct information that may be contained in reports published by investment analysts or others. 

    Media Contact: 
    Greg Hicks 
    619.961.0075 | Gregory.L.Hicks@saic.com

    The MIL Network –

  • MIL-OSI: FTC Solar Launches Safe Harbor Strategy Leveraging Module-Agnostic Universal Torque Tubes & Engineering Services Expertise to Enable Tax Credit Certainty

    Source: GlobeNewswire (MIL-OSI)

    AUSTIN, Texas, July 31, 2025 (GLOBE NEWSWIRE) — FTC Solar, Inc. (Nasdaq: FTCI), a leading provider of solar tracker systems, software and engineering services, stands ready with an industry-leading Safe Harbor offering to enable utility-scale developers/IPPs to establish “begin construction” status in time to secure full ITC eligibility under the Inflation Reduction Act (IRA) and new “One Big Beautiful Bill” (OBBB) rules. FTC Solar is supporting customer’s safe harbor content and planning with smart and flexible safe harbor options today and faster installation times tomorrow.

    With the recent policy shifts under the OBBB, many developers face ambiguity in how best to qualify their projects for the 30% ITC and bonus domestic content adder. FTC Solar is uniquely positioned to provide two viable paths to safe harbor qualification:

    1. Capex Safe Harbor via early procurement of FTC’s highly project extensible tracker components, including universal torque tubes, and;
    2. Physical Work Safe Harbor via early-stage foundation procurement and installation, guided by the expertise of FTC’s internal civil and geotechnical engineering teams

    The regulatory uncertainty surrounding tax credit eligibility and implementation makes flexibility and optionality critical for solar developers looking to understand all available avenues to maximize project returns. Perhaps more than ever, procuring tracker components may be part of the strategic decision set to preserve ITC eligibility. FTC Solar’s 1P “Pioneer” trackers utilize universal torque tubes with innovative Python Clip rail designs, which eliminate the need to puncture torque tubes and accommodate any variation in module form factor, giving developers and EPCs ultimate flexibility for module changes late in the design process.

    Universal torque tubes enable a module agnostic approach, making FTC trackers one of the most resilient investments for developers racing against policy deadlines. Because FTC’s designs prioritize simplicity, developers can optimize capex by procuring additional structural components that seamlessly extend across any project configuration, site challenge, or environmental condition.

    “FTC Solar’s products are not just safe harbor eligible – they are optimized for safe harbor,” said Yann Brandt, CEO of FTC Solar. “Today, we have our widest and most robust product offering to date, across both 1P and 2P technologies, optimized for wind speed, stow angle, module type, civil costs, and installation speed. Whether developers pursue a hard money investment or an early works construction start, FTC Solar is ready to support with proven tracker technology, engineering expertise, and domestic capacity. As the market and regulatory environment shifts, we stand ready, and well-positioned, to support customers with smart tracker options to help maximize project flexibility.”

    Unlike other providers, FTC Solar brings an integrated strategy to market, offering:

    • A dedicated engineering team to help identify site-specific pile installation opportunities that meet physical work tests;
    • A consultative safe harbor project and design engineering team to tailor tracker component procurement strategies to the project capex rule;and
    • A rapidly scaling domestic supply chain, with 100% U.S.-sourced trackers available to take orders starting in Q4 2025.

    FTC Solar is actively booking safe harbor orders and offering immediate support to meet your safe harbor goals.

    For more information on safe harbor strategies and how FTC Solar can help, see a preview of our white paper here: Safe Harbor White Paper and contact our sales team at safeharbor@ftcsolar.com.

    About FTC Solar Inc.
    Founded in 2017 by a group of renewable energy industry veterans, FTC Solar is a global provider of solar tracker systems, technology, software, and engineering services. Solar trackers significantly increase energy production at solar power installations by dynamically optimizing solar panel orientation to the sun. FTC Solar’s innovative tracker designs provide compelling performance and reliability, with an industry-leading installation cost-per-watt advantage.  

    The MIL Network –

  • MIL-OSI: TOP Ships Announces Distribution Date of August 1, 2025 for Spin-Off of Rubico Inc.

    Source: GlobeNewswire (MIL-OSI)

    ATHENS, Greece, July 31, 2025 (GLOBE NEWSWIRE) — TOP Ships Inc. (the “Company” or “TOP Ships”) (NYSE American:TOPS), an international owner and operator of modern, fuel-efficient “ECO” tanker vessels, announced today that the expected distribution date for the common shares of Rubico Inc. (“Rubico”) is August 1, 2025.

    Rubico common shares are expected to commence trading on a standalone basis on the Nasdaq Capital Market on August 4, 2025, the first trading day after the date of distribution, under the ticker “RUBI”.

    As previously announced, TOP Ships intends through Rubico to effect a spin-off of two of its vessels, the M/T Eco Malibu and M/T Eco West Coast, each a modern, high specification, scrubber-fitted and fuel-efficient 157,000 dwt Suezmax tanker. As part of the spin-off transaction, TOP Ships intends to distribute 100% of the common shares of Rubico pro rata to its securityholders of record as of June 16, 2025. As previously announced, the NYSE American established an ex-distribution date for the distribution of Rubico common shares of June 16, 2025. Beginning on that date, TOP Ships common shares traded without an entitlement by the purchaser of such shares to Rubico common shares distributed in connection with the spin-off.

    Rubico has filed a registration statement on Form 20-F pursuant to the Securities Exchange Act of 1934 with the SEC, which includes a more detailed description of the terms of the spin-off. A copy of the registration statement on Form 20-F is available at www.sec.gov.

    About TOP Ships Inc.

    TOP Ships Inc. is an international owner and operator of ocean-going vessels focusing on modern, fuel-efficient eco tanker vessels transporting crude oil, petroleum products (clean and dirty) and bulk liquid chemicals. For more information about TOP Ships Inc., visit its website: www.topships.org.

    Cautionary Note Regarding Forward-Looking Statements

    Matters discussed in this press release may constitute forward-looking statements. The Private Securities Litigation Reform Act of 1995 provides safe harbor protections for forward-looking statements in order to encourage companies to provide prospective information about their business. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements, which are other than statements of historical facts, including statements regarding the proposed spin-off and the prospects and strategies of TOP Ships and Rubico following the spin-off, the valuation of the shares of Rubico and TOP Ships following the spin-off, and the listing of Rubico’s common shares on the Nasdaq Capital Market.

    The Company desires to take advantage of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and is including this cautionary statement in connection with this safe harbor legislation. The words “believe,” “anticipate,” “intends,” “estimate,” “forecast,” “project,” “plan,” “potential,” “may,” “should,” “expect,” “pending,” and similar expressions identify forward-looking statements. The forward-looking statements in this press release are based upon various assumptions, many of which are based, in turn, upon further assumptions, including, without limitation, our management’s examination of historical operating trends, data contained in our records, and other data available from third parties. Although we believe that these assumptions were reasonable when made, because these assumptions are inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict and are beyond our control, we cannot assure you that we will achieve or accomplish these expectations, beliefs, or projections. Please see our filings with the Securities and Exchange Commission for a more complete discussion of these and other risks and uncertainties. The information set forth herein speaks only as of the date hereof, and we disclaim any intention or obligation to update any forward‐looking statements as a result of developments occurring after the date of this communication.

    For further information please contact:
    Alexandros Tsirikos
    Chief Financial Officer
    TOP Ships Inc.
    Tel: +30 210 812 8107
    Email: atsirikos@topships.org

    The MIL Network –

  • MIL-OSI: Vivakor Confirms Special Dividend of Adapti, Inc. Record Date Set for August 20, 2025

    Source: GlobeNewswire (MIL-OSI)

    Dallas, TX, July 31, 2025 (GLOBE NEWSWIRE) — Vivakor, Inc. (Nasdaq: VIVK) (“Vivakor” or the “Company”), an integrated provider of energy transportation, storage, reuse, and remediation service, today announced the record date of August 20, 2025 for its previously disclosed plan to issue a special dividend to Vivakor shareholders.

    Vivakor currently holds 206,595 (approximately 13.5% of the outstanding common) shares of Adapti, Inc. (OTCID: ADTI), a company that manages the marketing of products, data and companies through its AdaptAI software platform that leverages advanced AI technology to match products and brands with influencers to attempt to generate superior marketing results.

    Based on Vivakor’s current shares outstanding of approximately 47,297,347 and excluding 20,963,229 shares held by the Company’s Chief Executive Officer and former Chief Financial Officer who waived their right to the dividend, each Vivakor shareholder will be entitled to receive approximately 0.0079 shares of Adapti, Inc. common stock per Vivakor share. Based on the current $3.50 share price of Adapti’s common stock, the special dividend is currently valued at approximately $0.75 million.

    Adapti, Inc., formerly known as Scepter Holdings, Inc., filed its Form 10 Registration Statement with the U.S. Securities and Exchange Commission (SEC) in September 2024 and has since become a mandatory SEC reporting company. Adapti, Inc. filed its Annual Report on 10K for the period ended March 31, 2025 on July 3, 2025.

    The Ballengee Group, LLC, a Dallas-based baseball sports management agency which represents approximately 200 professional athletes, an entity previously controlled by Vivakor’s Chief Executive Officer, Mr. James Ballengee, was acquired by Adapti, Inc. on July 14, 2025. Additional information regarding this transaction can be found in Adapti, Inc.’s filings with the SEC.

    About Vivakor, Inc.

    Vivakor, Inc. is an integrated provider of sustainable energy transportation, storage, reuse, and remediation services, operating one of the largest fleets of oilfield trucking services in the continental United States. Its corporate mission is to develop, acquire, accumulate, and operate assets, properties, and technologies in the energy sector. Vivakor’s integrated facilities assets provide crude oil and produced water gathering, storage, transportation, reuse, and remediation services under long-term contracts.

    Once operational, Vivakor’s oilfield waste remediation facilities will facilitate the recovery, reuse, and disposal of petroleum byproducts and oilfield waste products.

    For more information, please visit our website: http://vivakor.com

    Cautionary Statement Regarding Forward-Looking Statements

    This news release may contain forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are based upon the current beliefs and expectations of our management and are inherently subject to significant business, economic and competitive uncertainties and contingencies, many of which are difficult to predict and generally beyond our control. Actual results and the timing of events may differ materially from the results anticipated in these forward-looking statements. Forward-looking statements may be identified but not limited by the use of the words “anticipates,” “expects,” “intends,” “plans,” “should,” “could,” “would,” “may,” “will,” “believes,” “estimates,” “potential,” or “continue” and variations or similar expressions. Our actual results may differ materially and adversely from those expressed in any forward-looking statements as a result of various factors and uncertainties, including, but not limited to, , the expected transaction and ownership structure, the valuation of the transaction, the likelihood and ability of the parties to successfully and timely consummate planned acquisitions, the risk that any required regulatory approvals are not obtained, are delayed or are subject to unanticipated conditions that could adversely affect Vivakor or the expected benefits of the such transaction, our ability to maintain the listing of our securities on The Nasdaq Capital Market, the parties failure to realize the anticipated benefits of pending transactions, disruption and volatility in the global currency, capital, and credit markets, changes in federal, local and foreign governmental regulation, changes in tax laws and liabilities, tariffs, legal, regulatory, political and economic risks, our ability to successfully develop products, rapid change in our markets, changes in demand for our future products, and general economic conditions.

    These risks and uncertainties include, but are not limited to, risks and uncertainties discussed in Vivakor’s filings with the U.S. Securities and Exchange Commission, which factors may be incorporated herein by reference. Actual results, performance or achievements may differ materially, and potentially adversely, from any projections and forward-looking statements and the assumptions on which those forward-looking statements are based. There can be no assurance that the data contained herein is reflective of future performance to any degree. You are cautioned not to place undue reliance on forward-looking statements as a predictor of future performance as projected financial information and other information are based on estimates and assumptions that are inherently subject to various significant risks, uncertainties and other factors, many of which are beyond our control. All information set forth herein speaks only as of the date hereof in the case of information about Vivakor and the Endeavor Entities or the date of such information in the case of information from persons other than Vivakor and the Endeavor Entities, and we disclaim any intention or obligation to update any forward-looking statements as a result of developments occurring after the date of this communication. Forecasts and estimates regarding the Endeavor Entities industries and markets are based on sources we believe to be reliable; however, there can be no assurance these forecasts and estimates will prove accurate in whole or in part.

    Investors Contact:
    P:949-281-2606
    info@vivakor.com

    The MIL Network –

  • MIL-OSI: Fold and Blackhawk Network Bring Bitcoin to Major U.S. Digital Retail Platforms

    Source: GlobeNewswire (MIL-OSI)

    PHOENIX, July 31, 2025 (GLOBE NEWSWIRE) — Fold Holdings, Inc. (NASDAQ: FLD) (“Fold” or the “Company”), the first publicly traded bitcoin financial services company, today announced it has teamed up with Blackhawk Network, Inc. (BHN) to expand distribution of the Fold Bitcoin Gift Card™, significantly increasing mainstream consumer access to bitcoin across a growing portfolio of major U.S. digital retailers. The offering marks a key milestone in bringing bitcoin into everyday commerce and positions Fold to meaningfully increase user and transaction growth through one of the nation’s most extensive retail distribution networks.  

    The Fold Bitcoin Gift Card is now available through select online platforms, with additional online retailers set to launch in the coming weeks. The card is also available directly at foldapp.com/bitcoin-gift-card. In-store retail availability is planned for later this year as part of a broader multi-channel expansion strategy.

    The launch is powered by BHN, a leading branded payments provider whose global footprint spans over 400,000+ consumer touchpoints, including top retailers, e-commerce platforms, loyalty programs and enterprise rewards. Fold is rapidly expanding within this ecosystem, positioning the Fold Bitcoin Gift Card to become one of the most broadly distributed bitcoin gift products in the U.S. market.

    “Until now, bitcoin was difficult for the average person to access, let alone share,” said Will Reeves, Chairman and CEO of Fold. “By making bitcoin available as a gift card, we’re opening access to the millions of consumers who already buy, send, and use gift cards. This isn’t about novelty. It’s about meeting people where they are and integrating bitcoin into the financial tools and channels they already understand. We’re building infrastructure for everyday adoption. BHN gives us that path into mainstream retail, opening access to bitcoin across the $300 billion U.S. gift card market, something the ecosystem has struggled with for over a decade.”

    The Fold Bitcoin Gift Card launched in May 2025, enabling consumers to gift bitcoin in a simple and familiar format without requiring technical knowledge or a crypto wallet. Recipients redeem their gift card through the Fold App, ensuring a smooth onboarding experience for both newcomers and experienced bitcoin users.

    “At BHN, we understand that consumers today expect more flexibility in how they give and store value, and cryptocurrencies like bitcoin are becoming part of that equation,” said Jennifer Philo, GVP, global commerce, BHN. “Fold exemplifies the kind of forward-looking partner BHN is proud to support—they are creating products that bring bitcoin into the center of how consumers engage with money and build long-term value. By bringing the Fold Bitcoin Gift Card into our expansive retail ecosystem, we’re delivering yet another practical, accessible way for shoppers nationwide to embrace cryptocurrency by helping them earn, save, and spend smarter.”

    Momentum is building for crypto-based gifting. According to the Incentive Gift Card Coalition, 47% of executives expect crypto gift cards to grow as a category in 2025, reflecting a broader shift in consumer preferences toward digital assets.

    About Fold
    Fold (NASDAQ: FLD) is the first publicly traded bitcoin financial services company, making it easy for individuals and businesses to earn, save, and use bitcoin. With over 1,492 BTC in its treasury, Fold is at the forefront of integrating bitcoin into everyday financial experiences. Through innovative products like the Fold App, Fold Credit Card™, Fold Bitcoin Gift Card™, and Fold Debit Card™, the company is building the bridge between traditional finance and the bitcoin-powered future.

    About Blackhawk Network (BHN)
    Today, through BHN’s single global platform, businesses of all kinds can tap into the world’s largest network of branded payment solutions. BHN helps businesses grow revenue, increase loyalty, motivate and reward their teams, disburse funds and engage consumers. Branded payment solutions include the issuance and distribution of gift cards, eGifts, corporate payouts and rewards, along with the technology to deliver these products in seamless, integrated ways. BHN’s network spans the globe with more than 400,000 consumer touchpoints. Learn more at BHN.com.

    For investor inquiries, please contact:
    Orange Group
    Samir Jain, CFA
    FoldIR@orangegroupadvisors.com

    For media inquiries, please contact:
    Jessica Starman, MBA
    media@foldapp.com

    The MIL Network –

  • MIL-OSI: CleanCounts Announces former EPA lead James Critchfield as Head of Registry and Market Integrity

    Source: GlobeNewswire (MIL-OSI)

    ASPEN, Colo., July 31, 2025 (GLOBE NEWSWIRE) — Aspen Energy Forum – CleanCounts, a nonprofit with the industry leading environmental attribute certificate (EAC) tracking platform for voluntary and compliance claims of renewable energy projects across North America, today announced James Critchfield as the Head of Registry & Market Integrity. In his role, Critchfield will lead the development and governance of high-fidelity registries that safeguard transparency and trust across clean-energy and carbon markets. CleanCounts shared the news on Critchfield joining the team from Aspen Energy Forum, where the nonprofit is taking part in discussions on decarbonization and renewable energy strategies.

    Critchfield joins CleanCounts after spending two decades at the U.S. Environmental Protection Agency, where he was an authority on energy-attribute certificates, registry architecture, and greenhouse-gas accounting, advising Fortune 500 companies, state regulators, and international bodies. Most recently, Critchfield scaled the EPA’s Green Power Partnership from its infancy to hundreds of organizations, pushing annual voluntary green-power procurement to more than 100 billion KWh annually and catalyzing nearly 19 GW of new renewable capacity nationwide.

    “CleanCounts has advocated for standards in the renewable energy market and the environmental attribute tracking industry to drive better decision making by corporate buyers and provide transparency for regulators,” said James Critchfield, CleanCount’s Head of Registry & Market Integrity. “I look forward to stepping into this new role to bring my experience to support CleanCounts’ continued reputation as the true validator for environmental markets.”

    CleanCounts, formerly known as M-RETS, tracks generated energy outputs across North America, enabling market participants to place a dollar value on the environmental benefits of renewable energy and renewable thermal outputs. Through rigorous validation of the environmental benefits, verifiable data, and unbiased third-party verification, CleanCounts is now North America’s leading platform to obtain, transfer, or retire renewable energy certificates (RECs), renewable thermal certificates (RTCs), and alternative energy certificates (AECs).

    “James Critchfield’s work in the federal government to support tracking system infrastructure for clean energy in the United States has led to the development of next generation tracking capabilities that feature the granularity needed for market transparency,” said Benjamin Gerber, CEO of CleanCounts. “With James joining our executive team, we look forward to engaging stakeholders throughout North America for conversations about how a continuity-first, climate-aligned, and tech-forward clean energy registry can create benefits for, and strengthen trust in, both the voluntary and compliance markets.”

    Prior to joining CleanCounts full time on August 21, Critchfield will join an upcoming webinar with senior leaders from Singularity Energy and EnergyTag titled, How Western States Can Achieve Grid Decarbonization, on August 13, 2025 at 9:00 AM PT / 12:00 PM ET. The energy industry leaders will discuss how granular energy data and verified certificates can enable the hourly electricity accounting needed to drive investment and deployment of decarbonization technologies for an around-the-clock clean grid. Those interested in attending can register here.

    To learn more about CleanCounts, please visit www.cleancounts.org

    About CleanCounts
    CleanCounts, formerly known as Midwest Renewable Energy Tracking System (M‑RETS) Inc., is North America’s most expansive clean energy registry and a trusted gateway to environmental markets. As a nonprofit organization, CleanCounts empowers participants across the energy ecosystem to track, trade, and validate clean energy production and consumption with confidence and transparency.

    Media Contact:
    FischTank PR
    cleancounts@fischtankpr.com

    A photo accompanying this announcement is available at
    https://www.globenewswire.com/NewsRoom/AttachmentNg/dd918d85-5f5a-493e-9a32-31974fc5a615

    The MIL Network –

  • MIL-OSI: Yuenglings Ice Cream Corp (OTC YCRM) Is Now Frequency Holdings Inc (OTC FRQN) as Strategic Evolution Takes Hold

    Source: GlobeNewswire (MIL-OSI)

    CHICAGO, July 31, 2025 (GLOBE NEWSWIRE) — Frequency Holdings Inc (OTC: FRQN) today announced it has officially completed its corporate name and symbol change from Yuenglings Ice Cream Corp (OTC: YCRM) following final approval by FINRA. This milestone marks the formal transition into a modern holding company structure with a portfolio that includes cybersecurity-first IT services through ReachOut and upcoming ventures in decentralized identity and artificial intelligence.

    The new name and symbol hit the market this morning.

    Frequency Holdings is building a multi-brand platform modeled after Berkshire Hathaway and Alphabet with each subsidiary operating independently while benefiting from shared strategic leadership. The flagship operating company ReachOut is actively acquiring and scaling cybersecurity-focused MSPs across the US while new brands like TRUSTLESS aim to bring privacy and authentication innovation into new digital verticals.

    “This is more than a name change” said Rick Jordan CEO of Frequency Holdings. “This is about building something bigger than one brand. We are creating a structure that can hold multiple companies each with their own identity and velocity while sharing the same DNA of performance protection and technology that works. The market has asked what we’re building. This is it. A public platform with room for massive upside and real-world relevance.”

    Kevin Harrington, original Shark from ABC’s Shark Tank and longtime board member of the company added, “I joined the board because Rick’s vision was bold, and both the industry and timing are right. ReachOut was just the beginning, and now Frequency is turning the vision into a machine with the team we have in place.”

    David Meltzer, global entrepreneur, Chairman of the Napoleon Hill Institute and the newest addition to the board commented, “Your frequency is your neighborhood, and Frequency Holdings is about raising the signal in every sense. This is a company tuned into innovation, tuned into value, and tuned into service. I’m honored to be part of this next chapter and proud to support the expansion of its platform and purpose.”

    The Company previously operated under the name Yuenglings Ice Cream Corp and traded under the symbol YCRM. The new name and symbol are effective immediately with full updates in place across OTC Markets and all investor communications. Frequency Holdings will continue to execute on its rollup strategy through ReachOut and plans to unveil additional ventures in the coming quarters.

    ABOUT FREQUENCY HOLDINGS INC. (OTC: FRQN)

    Frequency Holdings is a modern holding company focused on high-growth ventures in cybersecurity, AI, digital identity, and IT infrastructure. Through its lead operating brand, ReachOut, Frequency is building the first nationally recognized name in cybersecurity-first IT services for SMBs. Additional holdings, including TRUSTLESS, are structured to contribute long-term equity value via independent growth and strategic alignment.

    ABOUT RICK JORDAN

    Rick Jordan is a resilient entrepreneur, cybersecurity expert, and media personality known for leading companies through high-growth transformations. He founded ReachOut Technology and is the architect of Frequency Holdings Inc., a multi-brand technology holding company focused on scaling ventures in cybersecurity, digital identity, and AI. Rick has advised in the White House on national cyber policy, appeared on major networks including Bloomberg and NewsNation, and hosts the globally ranked podcast ALL IN with Rick Jordan, soon to be renamed FREQUENCY. His leadership bridges bold vision with operational precision, in addition to bringing clear signal and communication to the public markets.

    ABOUT KEVIN HARRINGTON

    Kevin Harrington is a globally recognized entrepreneur, original Shark on ABC’s Shark Tank, and a pioneer of the infomercial industry. Over his career, he has launched more than 20 companies to over $100 million in sales and helped generate over $15 billion in market value–including his early leadership in Celsius Holdings, Inc. As a board member of Frequency Holdings Inc., Kevin brings deep strategic insight, brand-building expertise, and decades of experience scaling disruptive ventures into household names.

    ABOUT DAVID MELTZER

    David Meltzer is Chairman of the Napoleon Hill Institute and former CEO of Leigh Steinberg Sports & Entertainment, the inspiration for Jerry Maguire. A globally recognized entrepreneur, investor, and business coach, he’s been named Variety’s Sports Humanitarian of the Year and is a recipient of the Ellis Island Medal of Honor. As Executive Producer of Apple TV’s 2 Minute Drill and Office Hours, and Entrepreneur’s top digital show Elevator Pitch, David brings media fluency and business expertise to global audiences. His mission—to empower more than 1 billion people to be happy–drives his work across coaching, content, and leadership.

    Forward-Looking Statements

    This press release contains forward-looking statements regarding future events, performance, and financial expectations. These statements are based on current beliefs and assumptions, and are subject to risks and uncertainties–many of which are beyond the Company’s control–that could cause actual results to differ materially from those projected. Factors that may affect results include the Company’s need for capital, changes in regulatory environments, market competition, demand for services, and other risks detailed in the Company’s filings with the Securities and Exchange Commission at www.sec.gov. Forward-looking statements speak only as of the date made, and the Company undertakes no obligation to update them except as required by law.

    PR and Investor Relations Contacts

    For press inquiries or to book media interviews, TV appearances, and speaking engagements for CEO Rick Jordan:

    Email: pr@frequencyhold.com — pr@reachoutit.com
    Phone: 312-288-8008

    Rick Jordan on Social Media–
    Instagram: @mrrickjordan
    X: @mrrickjordan

    Kevin Harrington on Social Media–
    Instagram: @realkevinharrington
    X: @harringtonkevin

    David Meltzer on Social Media–
    Instagram: @davidmeltzer
    X: @davidmeltzer

    The MIL Network –

  • MIL-OSI: KraneShares AI ETF AGIX Celebrates a 1-Year Track Record

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, July 31, 2025 (GLOBE NEWSWIRE) — KraneShares is proud to announce the 1-year anniversary of its KraneShares Artificial Intelligence & Technology ETF (Ticker: AGIX), highlighting a year marked by strong performance and private market access.

    Since its inception on July 18, 2024, AGIX has delivered an impressive 29.55% total return, outpacing the Nasdaq 100’s 18.63% over the same period.1

    The performance data quoted represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed or sold, may be worth more or less than the original cost. Current performance may be lower or higher than the performance quoted. For performance data current to the last month-end, please visit https://kraneshares.com/agix.

    AGIX aims to provide investors with exposure to both public and private companies at the forefront of AI. AGIX broke new ground by becoming one of the first US-listed ETFs to make direct investments in private AI companies. Following its addition of Anthropic in early 2025, AGIX expanded its private AI exposure further by acquiring shares of xAI. AGIX, a series of the KraneShares Trust, appears on both respective cap tables as a direct holder of shares in these companies.

    As of July 29, 2025, xAI represents 3.72% and Anthropic represents 2.96% of AGIX’s net assets.2

    KraneShares launched AGIX in collaboration with Etna Capital Management, an established pioneer in AI venture investing. Etna’s expertise is underscored by its early-stage investments in groundbreaking AI innovators, including Anthropic, xAI, and Perplexity.

    “Not only has AGIX delivered a standout year of performance, but its unique structure gives investors access to both public and private companies contributing to the future of artificial intelligence,” said Derek Yan, Senior Investment Strategist at KraneShares. “Direct holdings in Anthropic and Elon Musk’s xAI underscore our dedication to bringing groundbreaking opportunities to our investors.”

    “The artificial intelligence industry is experiencing a rapid pace of innovation, with new breakthroughs and applications emerging at an unprecedented rate,” said Max Chen, Partner at Etna Capital Management. “It’s incredibly exciting to witness companies like xAI and Anthropic participate in this transformation, pushing the boundaries of what AI can achieve and help establish a foundation for profound changes across sectors worldwide.”

    Join us for an AGIX webinar on August 6th, 2025, where we will discuss access to private AI unicorns, examine the latest valuation trends, and provide an outlook for the AI sector. To register, click here.

    For more information on the KraneShares Artificial Intelligence & Technology ETF (Ticker: AGIX), top 10 holdings, and its innovative structure, please visit https://kraneshares.com/agix.

    About KraneShares

    KraneShares is an investment manager focused on providing innovative, high-conviction, and first-to-market ETFs based on extensive investing knowledge. KraneShares identifies groundbreaking capital market opportunities and offers investors cost-effective and transparent tools for gaining exposure to diverse asset classes. Founded in 2013, KraneShares serves institutions and financial professionals globally.

    Holdings are subject to change.

    Citations:

    1. Data from Bloomberg as of 7/29/2025.
    2. Data from Bloomberg as of 7/29/2025. Up to the 15% private exposure limit permitted by the Investment Advisors Act of 1940.

    Carefully consider the Funds’ investment objectives, risk factors, charges and expenses before investing. This and additional information can be found in the Funds’ full and summary prospectus, which may be obtained by visiting: www.kraneshares.com/agix. Read the prospectus carefully before investing.

    Risk Disclosures:

    Investing involves risk, including possible loss of principal. There can be no assurance that a Fund will achieve its stated objectives. Indices are unmanaged and do not include the effect of fees. One cannot invest directly in an index.

    This information should not be relied upon as research, investment advice, or a recommendation regarding any products, strategies, or any security in particular. This material is strictly for illustrative, educational, or informational purposes and is subject to change. Certain content represents an assessment of the market environment at a specific time and is not intended to be a forecast of future events or a guarantee of future results; material is as of the dates noted and is subject to change without notice.

    AGIX may invest in derivatives, which are often more volatile than other investments and may magnify AGIX’s gains or losses. A derivative (i.e., futures/forward contracts, swaps, and options) is a contract that derives its value from the performance of an underlying asset. The primary risk of derivatives is that changes in the asset’s market value and the derivative may not be proportionate, and some derivatives can have the potential for unlimited losses. Derivatives are also subject to liquidity and counterparty risk. AGIX is subject to liquidity risk, meaning that certain investments may become difficult to purchase or sell at a reasonable time and price. If a transaction for these securities is large, it may not be possible to initiate, which may cause AGIX to suffer losses. Counterparty risk is the risk of loss in the event that the counterparty to an agreement fails to make required payments or otherwise comply with the terms of the derivative.

    AI-exposed companies face profitability challenges due to high research costs, competition, IP reliance, and regulatory risk. Product failures or safety concerns could be detrimental. Identifying AI companies accurately is complex. Tech firms face risks of product failure, obsolescence, regulatory impact, and uncertain profitability due to technological advancements and government policies. Certain tech investments may lack current profitability and future success is uncertain. AGIX is subject to non-U.S. issuers risk, which may be less liquid than investments in U.S. issuers, may have less governmental regulation and oversight, are typically subject to different investor protection standards than U.S. issuers, and the economic instability of the non-U.S. countries. Fluctuations in currency of foreign countries may have an adverse effect to domestic currency values. AGIX may invest in Initial Public Offerings (IPOs). Securities issued in IPOs have no trading history, and information about the companies may be available for very limited periods. In addition, the prices of securities sold in IPOs may be highly volatile. In addition, as AGIX increases in size, the impact of IPOs on AGIX’s performance will generally decrease.

    Large capitalization companies may struggle to adapt fast, impacting their growth compared to smaller firms, especially in expansive times. This could result in lower stock returns than investing in smaller and mid-sized companies. In addition to the normal risks associated with investing, investments in smaller companies typically exhibit higher volatility. AGIX is new and does not yet have a significant number of shares outstanding. If AGIX does not grow in size, it will be at greater risk than larger funds of wider bid-ask spreads for its shares, trading at a greater premium or discount to NAV, liquidation and/or a trading halt. Narrowly focused investments typically exhibit higher volatility. AGIX’s assets are expected to be concentrated in a sector, industry, market, or group of concentrations to the extent that the Underlying Index has such concentrations. The securities or futures in that concentration could react similarly to market developments. Thus, AGIX is subject to loss due to adverse occurrences that affect that concentration.

    A large number of shares of AGIX are held by a single shareholder or a small group of shareholders. Redemptions from these shareholders can harm Fund performance, especially in declining markets, leading to forced sales at disadvantageous prices, increased costs, and adverse tax effects for remaining shareholders. AGIX is non-diversified.

    ETF shares are bought and sold on an exchange at market price (not NAV) and are not individually redeemed from the Fund. However, shares may be redeemed at NAV directly by certain authorized broker-dealers (Authorized Participants) in very large creation/redemption units. The returns shown do not represent the returns you would receive if you traded shares at other times. Shares may trade at a premium or discount to their NAV in the secondary market. Brokerage commissions will reduce returns. Beginning 12/23/2020, market price returns are based on the official closing price of an ETF share or, if the official closing price isn’t available, the midpoint between the national best bid and national best offer (“NBBO”) as of the time the ETF calculates the current NAV per share. Prior to that date, market price returns were based on the midpoint between the Bid and Ask price. NAVs are calculated using prices as of 4:00 PM Eastern Time.

    The KraneShares ETFs and KFA Funds ETFs are distributed by SEI Investments Distribution Company (SIDCO), 1 Freedom Valley Drive, Oaks, PA 19456, which is not affiliated with Krane Funds Advisors, LLC, the Investment Adviser for the Funds, or any sub-advisers for the Funds.

    Contact:
    KraneShares Investor Relations
    info@kraneshares.com

    The MIL Network –

  • MIL-OSI: Currenc Group Inc. Initiates Investigation into Suspected Illegal Short Selling Amid Global Expansion

    Source: GlobeNewswire (MIL-OSI)

    SINGAPORE, July 31, 2025 (GLOBE NEWSWIRE) — Currenc Group Inc. (Nasdaq: CURR) (“Currenc” or the “Company”), a fintech pioneer empowering financial institutions worldwide with artificial intelligence (AI) solutions, today announced that it has retained Shareholder Intelligence Services, LLC (“ShareIntel”) to assist the Company in monitoring and investigating potential naked short selling of its shares. This is part of Currenc’s broader initiative to protect shareholder value as the Company executes its growth strategy and scales its operations globally.

    ShareIntel’s patented DRIL-Down™ process aggregates, analyzes and monitors repository data from reporting entities, broker-dealers and shareholders, enhancing Currenc’s shareholder communication, regulatory compliance and trading surveillance capabilities with actionable intelligence. Together with ShareIntel, Currenc intends to actively investigate what it believes may be potential irregularities in the trading patterns of its shares, and intends to pursue every available avenue—including regulatory and legal recourse, if appropriate—to ensure that there is no illegal trading or market manipulation involving the Company’s shares.

    “As we continue to expand our global business footprint with new partnerships and innovative AI-driven solutions, Currenc remains committed to protecting our investors and maximizing shareholder value,” said Alex Kong, Founder and Executive Chairman of Currenc. “Based on the trading patterns we have observed, we believe Currenc may have been the target of naked short selling and are taking action to understand these trading patterns, ensure transparent trading practices and maintain the integrity of our share price. Leveraging ShareIntel’s proprietary processes will allow us to closely track ownership, monitor any irregular trading behavior, and swiftly implement corrective measures.”

    About Currenc Group Inc.

    Currenc Group Inc. (Nasdaq: CURR) is a fintech pioneer dedicated to transforming global financial services through artificial intelligence (AI). The Company empowers financial institutions worldwide with comprehensive AI solutions, including SEAMLESS AI Call Centre and other AI-powered Agents designed to reduce costs, increase efficiency and boost customer satisfaction for banks, insurance, telecommunications companies, government agencies and other financial institutions. The Company’s digital remittance platform also enables e-wallets, remittance companies, and corporations to provide real-time, 24/7 global payment services, advancing financial access across underserved communities.

    Safe Harbor Statement

    This press release contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. Statements that are not historical facts, including statements about the Company’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties, and a number of factors could cause actual results to differ materially from those contained in any forward-looking statement. In some cases, forward-looking statements can be identified by words or phrases such as “may,” “will,” “expect,” “anticipate,” “target,” “aim,” “estimate,” “intend,” “plan,” “believe,” “potential,” “continue,” “is/are likely to” or other similar expressions. Further information regarding these and other risks, uncertainties, or factors is included in the Company’s filings with the SEC. All information provided in this press release is as of the date of this press release, and the Company does not undertake any duty to update such information, except as required under applicable law.

    Investor & Media Contact

    Currenc Group Investor Relations
    Email: investors@currencgroup.com

    SOURCE: Currenc Group Inc.

    The MIL Network –

  • MIL-OSI: Live Ventures to Issue Fiscal Third Quarter 2025 Financial Results and Hold Earnings Conference Call on August 7, 2025

    Source: GlobeNewswire (MIL-OSI)

    LAS VEGAS, July 31, 2025 (GLOBE NEWSWIRE) — Live Ventures Incorporated (NASDAQ: LIVE) (“Live Ventures” or the “Company”), a diversified holding company, will issue its financial results for its fiscal third quarter ended June 30, 2025, before the market opens on Thursday, August 7, 2025. The Company will hold a conference call to discuss the results on Thursday, August 7, 2025, at 2:00 p.m. Pacific Daylight Time (5:00 p.m. Eastern Daylight Time).

    The dial-in numbers are as follows:

    • 800.231.0316 (U.S.)
    • +1.314.696.0504 (International/caller-paid)
    • Conference Title: Live Ventures FY 2025 Third Quarter Earnings Conference Call

    Please dial in at least 15 minutes in advance, but no sooner than 30 minutes, to ensure you are connected. To listen to the discussion after the call, please visit the “Investor Relations” page of the Live Ventures website (https://ir.liveventures.com/) for a recording.

    About Live Ventures Incorporated
    Live Ventures is a diversified holding company with a strategic focus on value-oriented acquisitions of domestic middle-market companies. Live Ventures’ acquisition strategy is sector agnostic and focuses on well-run, closely held businesses with a demonstrated track record of earnings growth and cash flow generation. The Company seeks opportunities to partner with management teams of its acquired businesses to build increased stockholder value through a disciplined buy-build-hold long-term focused strategy. Live Ventures was founded in 1968. In late 2011, Jon Isaac, CEO and strategic investor, joined the Board of Directors of the Company and later refocused it into a diversified holding company. The Company’s current portfolio of diversified operating subsidiaries includes companies in the textile, flooring, tools, steel, and entertainment industries.

    Contact:
    Live Ventures Incorporated
    Greg Powell, Director of Investor Relations
    725.500.5597
    gpowell@liveventures.com
    www.liveventures.com

    Source: Live Ventures Incorporated

    The MIL Network –

  • MIL-OSI: NowVertical’s Integrated Model Drives Cross‑Market Growth in Strategic Accounts

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, July 31, 2025 (GLOBE NEWSWIRE) — NowVertical Group Inc. (TSXV: NOW) (“NowVertical” or the “Company”), a leading data and AI solutions provider, today provided an update which highlights geographic expansion in two marquee engagements that illustrate how a single operating framework converts early local wins into scales enterprise‑wide programmes.

    During the first half of 2025, NowVertical substantially deepened its work with one of the world’s largest insurers—a strategic account client that operates in more than forty countries. Leveraging the Company’s status as Google Cloud Partner of the Year, the engagement has evolved from a single‑country project into a Latin‑American data‑modernisation and AI initiative that migrates fragmented estates onto a common cloud architecture, delivers advanced analytics to business users and applies robust data governance. The approach delivered by NowVertical is a central, consistent, high-quality delivery capability providing services which can be tailored to meet the specific needs of each geography. Revenue generated from this account in the first six months of 2025 already surpasses the client’s full‑year 2024 spend with NowVertical, demonstrating both the speed and scale at which the integrated model can grow strategic relationships.

    A similar growth trajectory is underway with a global media and telecommunications group, where NowVertical’s solution has been adopted as the enterprise standard for managing and modernizing legacy data assets in preparation for AI adoption. Initially launched in the UK & Ireland market in 2024, the solution has now been implemented across eight projects within the group, including recent expansions into Italy and Germany, with additional deployments scheduled for H2 2025. By integrating legacy and modern data through standardized schemas, automated archival processes, and unified retention and compliance controls, the platform not only delivers measurable cost savings but also unlocks significant strategic value. The transformed data estate serves as a compliant, AI-ready foundation for advanced analytics and model training—supporting both regulatory requirements and long-term innovation objectives. This rollout reflects the repeatability of NowVertical’s delivery playbook, its ability to scale across complex enterprise environments, and its alignment with clients’ global data modernization and AI-readiness agendas.

    Sandeep Mendiratta, Chief Executive Officer of NowVertical, commented: “Clients are choosing to scale with NowVertical because we can help them bring one architecture, one governance model and one integrated team that can deliver quickly from country to country. These engagements prove that our ‘One Brand, One Business’ strategy is translating early successes into broad, multi‑region programmes that drive measurable value for customers and sustainable growth for NowVertical.”

    Management believes that the growing contribution from these cross‑market engagements supports the Company’s ability to grow it’s strategic account base while reinforcing NowVertical’s position as a trusted, full‑stack data and AI partner.

    About NowVertical Group Inc.

    NowVertical is a global data and analytics company which helps clients transform data into tangible business value with AI, fast. Offering a comprehensive suite of solutions and services, the Company enables clients to quickly harness the full potential of their data, driving measurable outcomes and accelerating potential return on investment. Enterprises optimize decision-making, improve operational efficiency, and unlock long-term value from their data using the Company’s AI-Infused first party and third-party technologies. NowVertical is growing organically and through strategic acquisitions.  

    For further details about NowVertical, please visit www.nowvertical.com. 

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

    For further information, please contact:

    Andre Garber, CDO  
     IR@nowvertical.com  

    Investor Relations: Bristol Capital Ltd. 

    Stefan Eftychiou 

     stefan@bristolir.com

     +1(905)326-1888 x60  

    Forward-Looking Statements

    This news release contains forward-looking information and forward-looking information within the meaning of applicable Canadian securities laws (together “forward-looking statements“), including, with respect to the availability of funds under the Facilities, the ability of NowVertical to utilize funds under the Facilities, the effect of the Facilities on NowVertical’s operations contemplated in this press release on NowVertical’s business, finances and operations. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by management, are inherently subject to significant business, economic and competitive uncertainties, and contingencies, certain of which are unknown. Forward-looking statements generally can be identified by the use of forward-looking words such as “may”, “should”, “will”, “could”, “intend”, “estimate”, “plan”, “anticipate”, “expect”, “believe” or “continue”, or the negative thereof or similar variations. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause future results, performance, or achievements to be materially different from the estimated future results, performance or achievements expressed or implied by the forward-looking statements and the forward-looking statements are not guarantees of future performance. Forward-looking statements are qualified in their entirety by inherent risks and uncertainties, including: adverse market conditions; risks inherent in the data analytics and artificial intelligence sectors in general; regulatory and legislative changes; that future results may vary from historical results; inability to service the Company’s debt; any inability to realize the expected benefits and synergies of acquisitions or dispositions; that market competition may affect the business, results and financial condition of the Company and other risk factors identified in documents filed by the Company under its profile at www.sedarplus.com, including the Company’s management’s discussion and analysis for the year ended December 31, 2024. Further, these forward-looking statements are made as of the date of this news release and, except as expressly required by applicable law, the Company assumes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

    The MIL Network –

  • MIL-OSI: Arctic Pablo Coin Presale Roars Past $3.16M as Final Countdown Begins: 16k% Gains Projected

    Source: GlobeNewswire (MIL-OSI)

    LONDON, July 31, 2025 (GLOBE NEWSWIRE) — The Arctic Pablo Coin ($APC) presale has entered its 34th stage, breaking past $3.16 million raised and delivering early investors a jaw-dropping 4,033% ROI. With only two stages left before the presale ends, urgency is at an all-time high as analysts project potential 16,029% gains if the coin hits its long-term target of $0.10. For those searching for the top crypto presale to join now, the window to act is closing fast.

    A Meme Coin With Teeth, Not Just Talk

    Arctic Pablo Coin started as a meme coin with a story, but it has evolved into a full-blown crypto ecosystem. Unlike countless meme projects that rely solely on hype, $APC blends viral appeal with a deflationary token model, staking rewards, and community-driven governance. The project has burned millions of tokens, building scarcity while keeping long-term holders hungry for more.

    The narrative? Arctic Pablo is an adventurer exploring icy blockchain frontiers, and its followers are along for the treasure hunt. That kind of branding, paired with robust tokenomics, explains why Arctic Pablo has become a top crypto presale to join now as it inches toward the finish line.

    Tokenomics That Bite Into Supply

    The Arctic Pablo Coin presale isn’t just raising funds—it’s reshaping supply and demand dynamics. Weekly token burns eliminate unsold tokens, permanently reducing supply and creating upward pressure on price. Staking rewards offer a 66% APY for early supporters, while liquidity is locked to prevent rug pulls and maintain investor trust.

    At Stage 34’s presale price of $0.00062, early buyers are positioned to see 1,190% gains at launch when APC lists at $0.008, with long-term projections eyeing 16,029%. That kind of growth potential has catapulted APC into conversations as one of the top crypto presales to join now, giving retail investors a rare early-access opportunity.

    Presale Mechanics That Reward Early Action

    Each stage of the presale runs for one week, with automatic price increases when stages unlock. That means every delay in buying costs investors both tokens and potential ROI. With Stage 34 already live and Stage 35 on deck, the presale is only two steps from its conclusion. Early birds are stacking tokens while they’re still cheap because, in crypto, hesitation often equals regret.

    This staged model is what has helped APC raise $3.16 million and counting, even as meme coin markets become increasingly crowded. The numbers speak for themselves: this isn’t just another presale; it’s one structured to reward speed and conviction.

    Community Energy That Can’t Be Ignored

    Arctic Pablo Coin has built one of the most engaged meme coin communities in 2025, spreading its arctic-themed adventure narrative across Twitter, Telegram, Discord, and beyond. Investors are sharing memes, price predictions, and presale milestones in real time, fueling a grassroots movement that’s helping drive momentum.

    This organic hype is why Arctic Pablo has gained a reputation as one of the top crypto presales to join now. Unlike corporate-driven projects, this is a community-powered movement—a critical factor in meme coin success stories.

    The Final Call Before the Snowball Rolls

    With only two stages left and billions of tokens already burned, Arctic Pablo Coin presale is entering its endgame. The presale price of $0.00062 offers a direct path to 1,190% ROI at launch—with much more upside if long-term predictions hold. For those still sitting on the fence, the clock is ticking.

    If history has shown anything, meme coins with this kind of narrative power, deflationary supply, and community backing often become market movers. Arctic Pablo is proving to be no different. For investors seeking the top crypto presale to join now, this is a chance to jump on before the snowball becomes an avalanche.

    For More Information:

    Arctic Pablo Coin: https://www.arcticpablo.com/ 

    Telegram: https://t.me/ArcticPabloOfficial 

    Twitter: https://x.com/arcticpabloHQ 

    About Arctic Pablo Coin

    Arctic Pablo Coin ($APC) is a blockchain-based meme coin designed to combine digital storytelling, decentralized finance, and community governance. Built on deflationary tokenomics, NFT integration, and staking incentives, APC aims to evolve meme culture into a functional crypto ecosystem.

    Contact:
    Team@arcticpablo.com

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

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

    Photos accompanying this announcement are available at
    https://www.globenewswire.com/NewsRoom/AttachmentNg/61b0ffa2-ae23-49e3-ac9f-d2e9c4f41df1

    https://www.globenewswire.com/NewsRoom/AttachmentNg/65c976a6-60f9-4524-b8b9-c4d28c2f0682

    https://www.globenewswire.com/NewsRoom/AttachmentNg/f2f02d56-a3cf-4122-aab6-4dabac3107c6

    https://www.globenewswire.com/NewsRoom/AttachmentNg/82066daf-a735-4f75-82f9-765464499996

    The MIL Network –

  • MIL-OSI: Top Mortgage Recruiter Tina Jablonski Joins Rate as SVP, Market Growth

    Source: GlobeNewswire (MIL-OSI)

     

    CHICAGO, July 31, 2025 (GLOBE NEWSWIRE) — Rate, a leading fintech company, today announced that seasoned mortgage recruiter Tina Jablonski has joined the company as Senior Vice President, Market Growth. Jablonski will focus on expanding Rate’s reach by recruiting high-performing loan officers across the company’s Midwest presence.

    Jablonski brings more than 30 years of mortgage industry experience to the role. She most recently led national growth initiatives for NewRez’s distributed retail division, where she helped scale teams in competitive markets nationwide. Throughout her career, Jablonski has built a reputation for cultivating lasting relationships and identifying top talent that drives performance.

    “I made the move to join a dynamic organization that’s truly committed to growth, opportunity, and a people-first culture,” said Jablonski. “I couldn’t imagine a better scenario, doing what I love while being surrounded by longstanding industry friends. These relationships have been foundational to my career and in many ways, the industry itself.”

    “We could not be prouder to welcome Tina to Rate,” said Jim Eboli, EVP, Divisional Manager. “Her leadership will take us to the next level in several of our ‘must-win’ markets. She brings an amazing skill set for cultivation.”

    This appointment comes at a time when Rate is accelerating its investment in talent and growth across priority markets nationwide.

    About Rate
    Rate Companies is a leader in mortgage lending and digital financial services. Headquartered in Chicago, Rate has over 850 branches across all 50 states and Washington, D.C. Since its launch in 2000, Rate has helped more than 2 million homeowners with home purchase loans, refinances, and home equity loans. The company has cemented itself as an industry leader by introducing innovative technology, offering low rates, and delivering unparalleled customer service. Recent honors and awards include: a Best Mortgage Lender of 2025 by Fortune; Best Mortgage Lender of 2025 for First-Time Homebuyers by Forbes; a Best Mortgage Lender of 2025 for FHA Loans, Home Equity Loans, and Lower Credit Scores by NerdWallet; Best Mortgage Lender of 2025 for Digital Experience and Down Payment Assistance by Motley Fool; Chicago Agent Magazine’s Lender of the Year for seven consecutive years. Visit rate.com for more information.

    Media Contact
    press@rate.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/5eb258e2-5fb2-406c-a4bf-0584b76ae080

    The MIL Network –

  • MIL-OSI: 2X acquires Outbound Funnel, expanding comprehensive RevOps and AI-powered go-to-market technology services leadership

    Source: GlobeNewswire (MIL-OSI)

    MALVERN, Pa., July 31, 2025 (GLOBE NEWSWIRE) — 2X, the leader in subscription-based go-to-market services, today announced the acquisition of Outbound Funnel, a premier revenue operations consultancy specializing in AI-powered sales engagement and revenue intelligence platforms across the modern GTM technology stack. As the longest-standing partner for leading platforms including Gong, Outreach, SalesLoft, and 6sense, Outbound Funnel brings unparalleled expertise in implementation, optimization, and managed services. This strategic acquisition significantly expands 2X’s revenue operations capabilities and reinforces its position as the definitive subscription-based services partner for comprehensive GTM transformation.

    The acquisition brings together complementary expertise spanning the entire GTM technology ecosystem. Outbound Funnel has established itself as the first and longest-standing implementation partner across multiple sales engagement platforms, with over 800 Outreach implementations, 600+ Gong deployments, and hundreds of SalesLoft implementations. The company’s deep cross-platform expertise enables complex migrations and integrations, including transformative projects like consolidating eight separate instances into a unified system for enterprise clients like Intercom, Siemens, Affirm, Asana, and Expensify.

    Expanding Revenue Operations Excellence

    This acquisition builds on 2X’s strategic investments in revenue operations, including the recent acquisition of Intelligent Demand, which brought best-in-class RevOps capabilities to the 2X portfolio. Together, these acquisitions position 2X as the definitive partner for organizations seeking comprehensive revenue operations advisory and managed services.

    “Revenue operations has become the strategic backbone of modern GTM organizations, and AI-powered sales engagement platforms are transforming how these teams operate,” said Dom Colasante, CEO of 2X. “Outbound Funnel’s position as the first and longest-standing partner across leading sales engagement platforms, combined with their expertise in AI-driven revenue intelligence and complex platform migrations, makes them the ideal addition to our comprehensive GTM services portfolio. Together, we’re delivering the full spectrum of technology implementation and managed services that revenue leaders need.”

    AI-Powered GTM Technology Leadership

    Outbound Funnel operates at the center of the AI-powered sales engagement ecosystem, with deep expertise across platforms leveraging conversation intelligence, predictive analytics, and automated workflows. The company’s comprehensive partner network includes AI-driven platforms like Gong for revenue intelligence, MadKudu’s AI prospecting tools, ChiliPiper’s AI-powered demand conversion, and other next-generation technologies. This acquisition positions 2X as the definitive partner for organizations seeking to implement and optimize AI-powered GTM technology stacks with ongoing managed services support.

    Strengthening GTM Technology Services

    The addition of Outbound Funnel positions 2X as the premier subscription-based partner for GTM technology implementation and ongoing managed services. With Outbound Funnel’s specialized expertise in revenue technology consulting, implementation, integration, project services, training, custom solutions, and managed services, 2X can now offer comprehensive subscription-based solutions that extend GTM technology vendors’ capabilities with ongoing operational support and strategic advisory.

    “We’re thrilled to welcome the exceptional Outbound Funnel team to 2X,” said Colasante. “Their deep technical expertise and proven success in transforming revenue operations through technology value realization perfectly complements our scalable managed services model. This acquisition brings top-tier talent from expert implementation consultants to revenue operations specialists who will help us deliver even greater value to our clients.”

    Validation from Technology Partners

    The acquisition has garnered support from leading GTM technology companies, reflecting the strong partnerships Outbound Funnel has built across the ecosystem.

    “We’re excited about 2X’s investment in the revenue intelligence ecosystem through this acquisition,” said Rob Moyer, Global Head of Partnerships of Gong. “Outbound Funnel has been an exceptional implementation partner, and their expertise combined with 2X’s comprehensive managed services model creates exceptional value for organizations looking to maximize their GTM technology investments.”

    Proven Success with Leading Organizations

    Outbound Funnel’s track record speaks to the quality of their team and approach across the entire GTM technology landscape. Their clients consistently report exceptional results, including 98% adoption rates across sales engagement platforms, 10% increases in win rates through AI-powered conversation intelligence, and significantly accelerated deployment timelines. The company’s expertise spans from complex multi-year migration projects to ongoing optimization of AI-driven revenue operations.

    “Outbound Funnel was instrumental in helping us maximize our AI-powered platform investments,” said a Head of Enablement & Product Marketing at a leading technology company. “Their cross-platform expertise and deep understanding of AI-driven sales engagement tools enabled us to achieve incredible results with 98% adoption across our GTM teams and a 10% increase in win rate.”

    What’s Next

    “We’re incredibly excited to join the 2X family and bring our comprehensive GTM technology expertise to their world-class managed services platform,” said Curtis Ropp, Founder and CEO of Outbound Funnel. “From day one, we’ve been committed to helping organizations maximize the value of their entire sales engagement and revenue intelligence technology stack. As the first implementation partner across multiple leading platforms, we’ve built deep expertise in AI-powered conversation intelligence, sales automation, and complex migrations. Partnering with 2X allows us to scale this impact and deliver even greater value to clients who need both strategic implementation and ongoing operational support across their entire GTM technology ecosystem.”

    Curtis Ropp will join the 2X management team and continue to operate and grow Outbound Funnel, now a 2X company.

    About 2X

    2X is the global leader in subscription-based go-to-market services, helping GTM leaders achieve greater impact while lowering costs through its comprehensive managed services delivery model. Building on its foundation as the leader in B2B marketing as a service (MaaS), 2X now provides end-to-end go-to-market solutions including marketing operations and MarTech management, campaign build and optimization, content and creative production, revenue operations, sales technology implementation, and strategic consulting services. 2X is a services partner of 6sense, Salesforce, Adobe Marketo Engage, HubSpot, Gong, Bombora, Drift, WordPress, Google, Meta, and many other leading revenue platforms.

    With more than 1,000 team members globally, 2X is backed by private-equity firms Recognize Partners and Insight Partners. 2X has been recognized as one of the fastest-growing companies in the US by Inc. and the Financial Times. For more information, visit 2X.marketing or our LinkedIn.

    About Outbound Funnel

    Outbound Funnel is a premier revenue operations consultancy specializing in AI-powered sales engagement and revenue intelligence technology implementation and optimization. As the first and longest-standing implementation partner across leading platforms including Outreach (800+ implementations), Gong (600+ deployments), and SalesLoft (hundreds of implementations), Outbound Funnel has helped thousands of organizations transform their revenue operations through expert deployment of AI-driven platforms and strategic advisory services. With a team of seasoned RevOps experts, Outbound Funnel empowers GTM teams to maximize their technology investments and drive measurable business outcomes. With a team of seasoned RevOps experts, Outbound Funnel empowers GTM teams to maximize their technology investments and drive measurable business outcomes.

    About Recognize

    Recognize is a distinguished investor and business builder focused on next-generation Digital Services companies. Headquartered in New York, the firm seeks to back visionary founders, entrepreneurs, and management teams who are building innovative businesses that leverage AI, software, and digital platforms to deliver transformative outcomes to enterprises. Recognize provides deep operational expertise, industry relationships, and strategic capital to drive accelerated growth of these specialized businesses. To learn more, visit www.recognize.com.

    About Insight Partners

    Insight Partners is a global software investor partnering with high-growth technology, software, and Internet startup and ScaleUp companies that are driving transformative change in their industries. As of December 31, 2024, the firm has over $90B in regulatory assets under management. Insight Partners has invested in more than 800 companies worldwide and has seen over 55 portfolio companies achieve an IPO. Headquartered in New York City, Insight has offices in London, Tel Aviv, and the Bay Area. Insight’s mission is to find, fund, and work successfully with visionary executives, providing them with tailored, hands-on software expertise along their growth journey, from their first investment to IPO. For more information on Insight and all its investments, visit insightpartners.com or follow us on X @insightpartners.

    Media Contact
    Audree Hernandez
    JMAC PR for 2X
    2X@jmacpr.com

    The MIL Network –

  • MIL-OSI: Kody Miller Returns to Rate from CrossCountry Mortgage, Bringing Elite Tech and Client Focus as VP of Mortgage Lending

    Source: GlobeNewswire (MIL-OSI)

    DENVER, July 31, 2025 (GLOBE NEWSWIRE) — Rate, a leading fintech company, today announced that Colorado-based loan officer Kody Miller has rejoined the company. Miller, who has served homebuyers in the Denver area and beyond for more than a decade, brings a deep commitment to client service, strong community ties, and a proven record of leadership in the local business community.

    A Colorado native, Miller previously held board leadership positions with the Colorado Springs Executives Association and The Pikes Peak Club. His team now serves clients nationwide, though he continues to be a trusted resource for families across Colorado.

    “I made the move back to Rate after exploring other opportunities because of its unmatched technology, elevated professionalism, and commitment to excellence,” said Miller. “Simply put, Rate operates at a higher level, and it’s where I know I can best serve the market, given my own skills and talents. I’m proud to be back with a company that sets the standard in every area and at every touch point, serving customers with the best tools and people in the industry.”

    “We’re excited to welcome Kody back to Rate,” said Shant Banosian, President of Rate. “He’s been a trusted resource for borrowers in the Denver area for years, and his deep community involvement reflects the values we prioritize as a company. We’re proud to have him on the team again.”

    Miller’s return comes as Rate continues to build momentum by investing in technology, service, and local leadership to grow its reach and impact in top markets across the country.

    About Rate
    Rate Companies is a leader in mortgage lending and digital financial services. Headquartered in Chicago, Rate has over 850 branches across all 50 states and Washington, D.C. Since its launch in 2000, Rate has helped more than 2 million homeowners with home purchase loans, refinances, and home equity loans. The company has cemented itself as an industry leader by introducing innovative technology, offering low rates, and delivering unparalleled customer service. Recent honors and awards include: a Best Mortgage Lender of 2025 by Fortune; Best Mortgage Lender of 2025 for First-Time Homebuyers by Forbes; a Best Mortgage Lender of 2025 for FHA Loans, Home Equity Loans, and Lower Credit Scores by NerdWallet; Best Mortgage Lender of 2025 for Digital Experience and Down Payment Assistance by Motley Fool; Chicago Agent Magazine’s Lender of the Year for seven consecutive years. Visit rate.com for more information.

    Media Contact
    press@rate.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/a46d50a3-ec99-4408-91ef-4c83840f0f81

    The MIL Network –

  • MIL-OSI: Grayscale® Launches Grayscale® Story Trust

    Source: GlobeNewswire (MIL-OSI)

    STAMFORD, Conn., July 31, 2025 (GLOBE NEWSWIRE) — Grayscale®, the world’s largest digital asset-focused investment platform, today announced the creation and launch of Grayscale® Story Trust (the “Trust”). The Trust provides investors with exposure to $IP, the native token of the Story network.

    Story is a blockchain network that powers programmable intellectual property, making real-world data a licensable, attributable subset of intellectual property for the artificial intelligence (AI) era. Designed to support the growing needs of AI, the creator economy, and digital rights management, Story enables ownership that is secure, scalable, and easily integrated across blockchain applications. Specifically, Story is designed to make intellectual property, including music, media, personal likeness, and real-world data like video and speech, traceable, enforceable, and monetizable on-chain. By transforming intellectual property and real-world data into fully programmable on-chain assets, Story is laying the foundational infrastructure for the global intellectual property economy, which has been reported to be worth as much as $80 trillion.1

    Although traditional intellectual property systems have served important roles, they can be fragmented, intermediary-dependent, and sometimes struggle to keep pace with the rapid evolution of digital content and AI. Story offers a new perspective designed to meet these emerging challenges. At the core of its architecture is a framework for representing intellectual property as smart contract-enabled non-fungible tokens, embedding licensing logic, attribution rules, and royalty flows, informed by intellectual property law, directly into the assets themselves. This aims to allow creators, companies, and even AI agents to register, remix, and monetize intellectual property compliantly.

    Today, adoption of Story is accelerating, driven by real-world use cases across cultural and technical ecosystems, from major artists and global brands to next-generation AI platforms. With over 1.7 million intellectual property transactions and more than 200,000 monthly users,2 Story is demonstrating growing demand for infrastructure that treats intellectual property as a programmable, on-chain primitive.3 Story also develops original initiatives like Poseidon, which brings real-world data to AI systems, including robots, surgical assistants, and autonomous vehicles. These partnerships and projects reflect the protocol’s broad and transformative potential.

    “Grayscale Story Trust gives investors exposure to a protocol shaping the foundational intellectual property layer for the information and AI era,” said Rayhaneh Sharif-Askary, Head of Product & Research at Grayscale. “That includes not just creative content, but real-world data — the force powering one of today’s most advanced intelligent systems.”

    “This launch marks a significant milestone in bringing programmable intellectual property to institutional markets. Story was designed to support the full lifecycle of intellectual property; from music and media to the real-world datasets that power intelligent systems. The launch of Grayscale Story Trust reflects growing recognition that intellectual property, in all forms, has the potential to become one of the most important assets of the AI era. With $IP now available via a Grayscale Trust, investors can gain exposure to the infrastructure layer that enables programmable licensing and attribution across AI and creative applications,” said SY Lee, Chief Executive Officer and Co-Founder of PIP Labs, an initial core contributor to Story.

    The Trust is now open for daily subscription by eligible individual and institutional accredited investors.* The Trust functions like Grayscale’s other single-asset investment trusts and is solely invested in the $IP token underpinning the Story protocol. For additional information regarding the seeding of the Trust and other ways in which an investment in the Trust might differ from an investment in Grayscale’s other single-asset investment trusts, please refer to the Private Placement Memorandum relating to the Trust.

    This press release is not an offer to sell or the solicitation of an offer to buy any security in any jurisdiction where such an offer or solicitation would be illegal, nor shall there be any sale of any security in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of that jurisdiction.

    *An accredited investor, as defined in Rule 501(a) of Regulation D under the Securities Act of 1933, as amended, is an individual with income over $200,000 ($300,000 with spouse) in each of the past two years, an individual with net worth over $1 million, excluding primary residence, an individual holding certain financial licenses (e.g., Series 7, 65, or 82), or an entity with over $5 million in assets or all equity owners who are accredited.

    Grayscale may attempt to have shares of new products quoted on a secondary market. However, there is no guarantee that Grayscale will be successful. Although the shares of certain products have been approved for trading on a secondary market, investors in the new products should not assume that the shares will ever obtain such an approval due to a variety of factors, including questions regulators, such as the SEC, FINRA, or other regulatory bodies may have regarding such products. As a result, shareholders of such products should be prepared to bear the risk of investment in the shares indefinitely. To date, certain products have not met their investment objective, and the shares of such products quoted on OTC Markets have not reflected the value of the digital assets held by such products, less such products’ expenses and other liabilities, but have instead traded at a premium over such value, which at times has been substantial. There have also been instances where the shares of certain products have traded at a discount.

    Private placement securities are speculative, illiquid, and entail a high level of risk, including the risk that an investor could lose their entire investment. The Story protocol was relatively recently conceived and its particular underlying technological mechanisms may not function as intended, which could have an adverse impact on the value of IP and an investment in the Shares.

    Extreme volatility of trading prices that many digital assets have experienced in recent periods and may continue to experience, could have a material adverse effect on the value of the Trust and the shares could lose all or substantially all of their value.

    [1] According to the World Intellectual Property Organization’s 2025 Global Innovation Index, the estimated value of intangible assets — including intellectual property, data, software, brands, and human capital — held by publicly listed companies worldwide exceeds $80 trillion. Source: WIPO, The Value of Intangible Assets of Corporations (2025).

    [2]Story Blockchain Explorer, as of July 7, 2025

    [3] “On-chain primitive” refers to a foundational building block of blockchain-based systems, like a token or NFT, that is natively programmable and usable within blockchain applications.

    About Grayscale
    Grayscale enables investors to access the digital economy through a family of future-forward investment products. Founded in 2013, Grayscale has a decade-long track record and deep expertise as a digital asset-focused investment platform. Investors, advisors, and allocators turn to Grayscale for single asset, diversified, and thematic exposure. For more information, please follow @Grayscale or visit grayscale.com.

    Media Contact
    press@grayscale.com

    Client Contact
    866-775-0313
    info@grayscale.com

    The MIL Network –

  • MIL-OSI: Silver State Schools Credit Union Adopts Point Predictive’s Income and Employment Validation Technology, IEValidateTM To Streamline Member Experience

    Source: GlobeNewswire (MIL-OSI)

    LAS VEGAS, July 31, 2025 (GLOBE NEWSWIRE) — Silver State Schools Credit Union (SSSCU), Nevada’s trusted financial partner serving communities across the Silver State, today announced the adoption of IEValidate. The adoption will transform SSSCU’s lending process by enabling instant income and employment verification, allowing the credit union to safely grow its portfolio while creating a friction-free experience for members.

    The integration addresses a critical challenge in today’s lending environment, where traditional income verification methods often frustrate members and slow down the approval process.

    With IEValidate, SSSCU will be able to

    • Streamline loans – automate up to 80% of income and employment validations.
    • Reduce risk – identify fraud and misrepresentation.
    • Convert more loans – increase conversion rates of credit-approved loans by 50%.

    “At SSSCU, our members come first, and we’re always looking for ways to make their financial journey smoother and more convenient,” said Scott Arkills, CEO of SSSCU. “By partnering with Point Predictive, we’re not just improving our lending process – we’re revolutionizing how our members experience financing. This technology allows us to say yes faster while maintaining the security and reliability our members expect from their credit union.”

    Point Predictive’s IEValidate will enable SSSCU to provide insights that can reduce proof of income and employment requests on up to 80% of approved loans, dramatically improving the member experience while maintaining robust risk management standards.

    IEValidate provides instant validation of member income and employment, eliminating the need for pay stubs, bank statements, or banking credentials. When an applicant applies for a loan, rather than supplying this information, SSSCU will access income and employment validation directly from Point Predictive in less than a second. Armed with that information, the credit union can determine if further information is needed, allowing most loans to proceed without additional documentation safely.

    “Silver State Schools Credit Union represents exactly the kind of forward-thinking financial institution that understands how technology can enhance member relationships while strengthening their lending portfolio,” said Tim Grace, CEO of Point Predictive. “By implementing our income and employment verification solutions, SSSCU is positioning itself to serve its members more effectively, providing faster approvals and a more convenient lending experience while maintaining the highest standards of risk management.”

    For SSSCU members, the benefits will be immediate and tangible. Loan applications that previously required multiple days for income verification can now be processed in minutes. Members will no longer need to search for pay stubs or wait for employer verification calls, creating a streamlined experience that aligns with their expectations for modern financial services.

    About Silver State Schools Credit Union:

    Silver State Schools Credit Union (SSSCU), founded in 1951, is a State-Chartered financial cooperative focused on Prioritizing People Over Profit. The Credit Union serves over 64,000 members in the Southern Nevada community, with ten branches in the valley. SSSCU provides “Excellent Member Service and Financial Solutions – For Life!” via a wide range of banking products, that are simple, secure, and convenient.

    As of March 31st, 2025, SSSCU reported Total Assets of $1.284 Billion, Deposits of $1.179 Billion, and Loans of $906 Million. Liquidity remains strong at $$168 Million, and the Credit Union is well-capitalized with a Regulatory Net Worth of $118 Million, equal to 9.21% of Total Assets. Accounts are insured up to $500,000. American Share Insurance insures each account up to $250,000. Excess Share Insurance Corporation provides up to an additional $250,000 of insurance per account. This institution is not federally insured. For more information, visit silverstatecu.com

    About Point Predictive:

    Point Predictive powers a new level of lending confidence and speed through artificial intelligence, powerful data insight from our proprietary data repository, and decades of risk management expertise. The company’s data and technology solutions quickly and accurately identify truthful and untruthful disclosures on loan applications. As a result, lenders can fund the majority of loans without requiring onerous documentation, such as pay stubs, utility bills, or bank statements, improving funding rates while reducing early payment default losses. Subsequently, borrowers receive loans more quickly, and lenders achieve a more profitable bottom line. For more information, please visit pointpredictive.com.

    The MIL Network –

  • MIL-OSI: Data Storage Corporation Schedules Second Quarter 2025 Business Update Conference Call

    Source: GlobeNewswire (MIL-OSI)

    MELVILLE, N.Y., July 31, 2025 (GLOBE NEWSWIRE) — Data Storage Corporation (Nasdaq: DTST) (“DSC” and the “Company”), today announced plans to host a conference call at 11:00 a.m. Eastern Time on Thursday, August 14, 2025, to discuss the Company’s progress and the financial results for the second quarter of 2025, which ended June 30, 2025.

    The conference call will be available via telephone by dialing toll-free 877-407-9219 for U.S. callers or for international callers +1-412-652-1274. A webcast of the call may be accessed at DSC Q2 2025 Earnings Call or on the Company’s News & Events section of the website, www.dtst.com/news-events.

    A webcast replay of the call will be available on the Company’s website (www.dtst.com/news-events) through February 14, 2026. A telephone replay of the call will be available approximately three hours following the call, through August 21, 2025, and can be accessed by dialing 877-660-6853 for U.S. callers or + 1-201-612-7415 for international callers and entering conference ID: 13755236. 

    About Data Storage Corporation
    Data Storage Corporation (Nasdaq: DTST), through its subsidiaries, is focused on providing solutions that ensure business continuity, improvement in business processes, and efficiency, while striving to build shareholder value.

    For more information, please visit www.dtst.com or follow us on X @DataStorageCorp.

    Safe Harbor Provision
    This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, as amended, that are intended to be covered by the safe harbor created thereby. Forward-looking statements are subject to risks and uncertainties that could cause actual results, performance or achievements to differ materially from any future results, performance or achievements expressed or implied by such forward-looking statements. Statements preceded by, followed by or that otherwise include the words “believes,” “expects,” “anticipates,” “intends,” “projects,” “estimates,” “plans” and similar expressions or future or conditional verbs such as “will,” “should,” “would,” “may” and “could” are generally forward-looking in nature and not historical facts, although not all forward-looking statements include the foregoing. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, it can provide no assurance that such expectations will prove to have been correct. These forward-looking statements are based on management’s expectations and assumptions as of the date of this press release and are subject to a number of risks and uncertainties, many of which are difficult to predict that could cause actual results to differ materially from current expectations and assumptions from those set forth or implied by any forward-looking statements. These risks should not be construed as exhaustive and should be read together with the other cautionary statements included in the Company’s Annual Report on Form 10-K, subsequent Quarterly Reports on Form 10-Q and Current Reports on Form 8-K filed with the Securities and Exchange Commission. Any forward-looking statement speaks only as of the date on which it was initially made. Except as required by law, the Company assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, changed circumstances or otherwise.

    Contact:
    Crescendo Communications, LLC
    212-671-1020
    DTST@crescendo-ir.com

    The MIL Network –

  • MIL-OSI: ServiceTrade Unveils 4 Keys to Unlocking Peak Valuations for Commercial Service Businesses

    Source: GlobeNewswire (MIL-OSI)

    DURHAM, N.C., July 31, 2025 (GLOBE NEWSWIRE) — ServiceTrade, an innovative software platform that optimizes commercial service business operations for growth and profit, today announced four key strategies to significantly boost business valuations and ensure successful M&A outcomes. These insights offer commercial service contractors practical strategies to build, measure, and enhance their business value using ServiceTrade. 

    The fire and life safety and mechanical service markets are experiencing a marked acceleration in consolidation activity. This trend began in 2023 and intensified through the first half of 2025, encompassing significant acquisitions exceeding $1 billion alongside numerous smaller roll-ups and consolidations. Notably, private equity deals in the mechanical and HVAC services market have surged 88%. In parallel, the fire and life safety markets maintain a robust average of 38 transactions per quarter this year. 

    “Whether you’re preparing for a future exit or building a strong, high-performing business, you need a plan to create long-term value,” said Billy Marshall, Founder of ServiceTrade. “Contractors that prioritize recurring revenue, technician productivity, operational efficiency, and customer satisfaction consistently achieve higher valuations—and have more options when it’s time to sell.”

    ServiceTrade has outlined four key areas of value creation that maximize growth, scale, and attractiveness to potential acquirers.

    1. Revenue Predictability and Quality

    Recent industry trends show recurring revenue streams command valuation premiums 3-5 times higher than one-off project revenue. Additionally, commercial service providers whose revenue primarily derives from recurring maintenance and inspection work grow at twice the rate of their peers. Prioritizing the most profitable customers and protecting margins through automation further enhances this.

    • Aim for 80% of revenue to come from long-term service contracts and committed recurring revenue. Avoid “one-and-done” project customers. 
    • Focus on the most profitable customers and minimize low-quality projects or break/fix work.

    2. Optimized for Technician Productivity

    Commercial service companies that optimize technician productivity experience significantly higher margins and improved customer satisfaction. By utilizing mobile field technology and smart workforce management, these companies eliminate administrative burdens, empowering technicians to deliver more billable work and more value to the customer, while enjoying higher work satisfaction.

    • Establish technician productivity baselines and implement tracking systems to meet or exceed industry-leading benchmarks. 
    • To attract and retain skilled technicians, eliminate unnecessary administrative tasks in the field, to overcome the ongoing skilled labor shortage.
    • Streamline communications among technicians, office staff, and customers through digital work orders and automated customer updates.

    3. Enhance Operational Efficiency with Better Technology

    Companies that leverage tailored technology to streamline operations create significant competitive advantages by maximizing productivity, employee satisfaction, and customer experiences. Modern technology solutions provide staff with real-time data and tools to manage tasks and customer interactions efficiently, fostering an engaged, high-performing workforce. 

    • Utilize purpose-built technology to optimize technician performance and operational efficiency.
    • Implement comprehensive, integrated solutions to manage workflows, digitally reduce errors, and minimize administrative tasks.
    • Leverage technology to increase employee engagement, satisfaction, and accountability.

    4. Prioritize Your Most Valuable Customers

    Creating a customer-first culture dramatically improves customer retention and satisfaction, ultimately driving sustainable business growth. Companies position themselves as trusted, customer-focused partners by leveraging digital solutions to provide transparent, timely, and comprehensive customer communications. 

    • Make retaining and expanding your most profitable customers a corporate priority.
    • Target a 90% customer retention rate through proactive and personalized customer engagement strategies. 
    • Digitize all customer communications, offering seamless access to service histories, quotes, invoices, approvals, and status updates. 
    • Develop comprehensive customer records, including detailed service histories, contractual agreements, profitability analyses, and revenue contribution insights.

    Rod DiBona, Pye-Barker Fire & Safety’s Executive Vice President of Business Development, added insight for sellers in a recent webinar with ServiceTrade on M&A readiness:

    “In today’s market, buyers are looking for more than just top-line revenue,” said DiBona, “Businesses that retain customers, are committed to their employees, grow accounts, and use technology to scale profitably are more valuable and attractive to strategic and private equity buyers.”

    Commercial service contractors can learn more about building valuation using these resources:

    Webinar: M&A Readiness with Pye-Barker: Building Your Toolkit for a Strong Exit 

    eBook: The Ultimate Guide to Building a Fire & Life Safety Business For a Successful Exit

    eBook: The Ultimate Guide to Building a Commercial HVAC Business for a Successful Exit 

    Learn how ServiceTrade can help you build a more valuable business. Book a Demo with one of our experts. 

    About ServiceTrade
    ServiceTrade, Inc., is a best-in-class field service management platform that enables commercial contractors to build efficient, profitable, and growing businesses. With a decade of innovation and 1300 customers, ServiceTrade is an end-to-end, fully integrated solution that maximizes technician performance, streamlines operations, and delivers digital-first experiences that win and delight customers. Commercial contractors can service smarter and scale faster with ServiceTrade.

    Contact
    media@ktcmarketingandpr.com

    The MIL Network –

  • MIL-OSI: Bogota Financial Corp. Reports Results for the Three and Six Months Ended June 30, 2025

    Source: GlobeNewswire (MIL-OSI)

    TEANECK, N.J., July 31, 2025 (GLOBE NEWSWIRE) — Bogota Financial Corp. (NASDAQ: BSBK) (the “Company”), the holding company for Bogota Savings Bank (the “Bank”), reported net income for the three months ended June 30, 2025 of $224,000, or $0.02 per basic and diluted share, compared to a net loss of $432,000, or $0.03 per basic and diluted share, for the comparable prior year period. The Company reported net income for the six months ended June 30, 2025 of $955,000, or $0.08 per basic and diluted share, compared to a net loss of $873,000, or $0.07 per basic and diluted share, for the comparable prior year period. Income for the six months ended June 30, 2025 included a one-time death benefit from the Company’s bank-owned life insurance policy related to a former employee of approximately $543,000.

    Other Financial Highlights:

    • Total assets decreased $49.7 million, or 5.1%, to $921.8 million at June 30, 2025 from $971.5 million at December 31, 2024, due largely to a decrease in cash and cash equivalents and loans.
    • Cash and cash equivalents decreased $31.9 million, or 61.1%, to $20.3 million at June 30, 2025 from $52.2 million at December 31, 2024 due as excess funds were used to pay down borrowings.
    • Securities increased $4.3 million, or 3.1%, to $144.6 million at June 30, 2025 from $140.3 million at December 31, 2024.
    • Net loans decreased $18.5 million, or 2.6%, to $693.2 million at June 30, 2025 from $711.7 million at December 31, 2024, primarily due to decreases in residential mortgages and construction loans.
    • Total deposits at June 30, 2025 were $628.2 million, decreasing $14.0 million, or 2.2%, compared to $642.2 million at December 31, 2024, due to a $11.5 million decrease in certificates of deposit, a $2.8 million decrease in NOW accounts, a $2.3 million decrease in money market accounts and a $2.0 million decrease in noninterest bearing checking accounts. The decreases were offset by a $4.6 million increase in savings accounts. The average rate on deposits decreased 16 basis points to 3.75% for the first half of 2025 from 3.91% for the first half of 2024 due to lower interest rates and a lesser percentage of deposits consisting of higher-costing certificates of deposit.
    • Federal Home Loan Bank advances decreased $36.2 million, or 21.0% to $135.9 million at June 30, 2025 from $172.2 million as of December 31, 2024. The decrease in borrowings was largely attributable to advances that matured during the six months ended June 30, 2025.

    Kevin Pace, President and Chief Executive Officer, said, “The first half of 2025 has fallen in line with our projections. While loan demand has remained steady, we expect an uptick later this year and into early 2026. We remain dedicated to continued growth in our commercial portfolio while ensuring we limit risk to certain markets and property types. Growth in consumer and commercial deposits is another key initiative as we look to reduce cost of funds.”

    “We were able to complete our 5th stock buyback recently. Since the IPO, we have reduced our outstanding shares by 1,653,571 and improved our tangible book value per minority share from $22.04 to $29.10. We continue to focus efforts on improving shareholder value.”

    Income Statement Analysis

    Comparison of Operating Results for the Three Months Ended June 30, 2025 and June 30, 2024

    Net income increased $657,000, or 151.9%, to $224,000 for the three months ended June 30, 2025 from a net loss of $432,000 for the three months ended June 30, 2024. This increase was primarily due to an increase of $951,000 in net interest income, partially offset by a decrease of $229,000 in income tax benefit.

    Interest income increased $31,000, or 0.3%, to $10.5 million for the three months ended June 30, 2025 compared to the three months ended June 30, 2024.

    Interest income on cash and cash equivalents decreased $21,000, or 16.4%, to $106,000 for the three months ended June 30, 2025 from $127,000 for the three months ended June 30, 2024 due to a 164 basis point decrease in the average yield from 5.90% for the three months ended June 30, 2024 to 4.26% for the three months ended June 30, 2025 due to the lower interest rate environment. This was offset by a $1.3 million increase in the average balance to $9.9 million for the three months ended June 30, 2025 from $8.6 million for the three months ended June 30, 2024, reflecting loan and securities repayments, which were offset by a reduction of borrowings.

    Interest income on loans decreased $7,000, or 0.1%, as a seven basis point increase in the yield was offset by a $12.3 million decrease in the average balance of loans.

    Interest income on securities increased $86,000, or 4.6%, due to a 151 basis point increase in the average yield offset by a $44.4 million decrease in the average balance. The changes in the yield and average balance reflect that, in the fourth quarter of 2024, the Company sold approximately $66.0 million in amortized cost ($57.1 million in market value) of securities with a weighted average yield of 1.89% and reinvested $32.7 million of these proceeds into securities with a weighted average yield of 5.60%.

    Interest expense decreased $920,000, or 11.9%, from $7.7 million for the three months ended June 30, 2024 to $6.8 million for the three months ended June 30, 2025 due to lower average balances and costs on deposits and lower balances on borrowings. During the three months ended June 30, 2025, the use of hedges reduced the interest expense on the Federal Home Loan Bank advances and brokered deposits by $186,000. At June 30, 2025, cash flow hedges used to manage interest rate risk had a notional value of $65.0 million, while fair value hedges totaled $60.0 million in notional value. 

    Interest expense on interest-bearing deposits decreased $730,000, or 11.7%, to $5.5 million for the three months ended June 30, 2025 from $6.3 million for the three months ended June 30, 2024. The decrease was due to a 32 basis point decrease in the average cost of deposits to 3.67% for the three months ended June 30, 2025 from 3.99% for the three months ended June 30, 2024. The decrease in the average cost of deposits was due to the lower interest rate environment and a change in the composition of the deposit portfolio. The average balances of certificates of deposit decreased $35.4 million to $482.5 million for the three months ended June 30, 2025 from $517.9 million for the three months ended June 30, 2024 while the average balance of NOW/money market accounts and savings accounts increased $5.6 million and $4.7 million for the three months ended June 30, 2025, respectively, compared to the three months ended June 30, 2024.

    Interest expense on Federal Home Loan Bank advances decreased $190,000, or 12.9%, from $1.5 million for the three months ended June 30, 2024 to $1.3 million for the three months ended June 30, 2025. The decrease was primarily due to a decrease in the average balance of $40.0 million to $130.3 million for the three months ended June 30, 2025 from $170.3 million for the three months ended June 30, 2024. The decrease was offset by an increase in the average cost of borrowings of 47 basis points to 3.96% for the three months ended June 30, 2025 from 3.49% for the three months ended June 30, 2024 due to the new borrowings being shorter durations at higher rates.

    Net interest income increased $951,000, or 34.7%, to $3.7 million for the three months ended June 30, 2025 from $2.7 million for the three months ended June 30, 2024. The increase reflected a 48 basis point increase in our net interest rate spread to 1.20% for the three months ended June 30, 2025 from 0.72% for the three months ended June 30, 2024. Our net interest margin increased 53 basis points to 1.74% for the three months ended June 30, 2025 from 1.21% for the three months ended June 30, 2024.

    We did not record a provision for credit losses for the three months ended June 30, 2025 compared to a $35,000 provision for credit losses for the three-month period ended June 30, 2024.

    Non-interest income increased $29,000, or 9.4%, to $332,000 for the three months ended June 30, 2025 from $303,000 for the three months ended June 30, 2024. Bank-owned life insurance income increased $13,000, or 6.0%, due to higher balances during 2025, which was augmented by an increase in the gain on sale of loans of $9,000 and an increase in fee and service charge income of $11,000. 

    For the three months ended June 30, 2025, non-interest expense increased $129,000, or 3.5%, over the comparable 2024 period. Professional fees increased $112,000, or 43.2%, due to an increase in audit and consulting fees. Occupancy and equipment costs increased $274,000, or 74.6%, as a result of the lease-buyback transaction completed in the fourth quarter of 2024, which resulted in increased lease expense going forward. These were offset by a $83,000, or 3.9%, reduction in salaries and employee benefits, which decreased due to lower headcount, a $99,000, or 86.1%, decrease in advertising expenses and a $78,000, or 29.4%, decrease in other non-interest expense.

    Income tax expense increased $229,000, or 151.9%, to a benefit of $53,000 for the three months ended June 30, 2025 from a $281,000 benefit for the three months ended June 30, 2024. The decrease was due to an increase of $886,000 in net income. 

    Comparison of Operating Results for the Six Months Ended June 30, 2025 and June 30, 2024

    Net income increased by $1.8 million, or 209.4%, to a net income of $955,000 for the six months ended June 30, 2025 from a net loss of $873,000 for the six months ended June 30, 2024. This increase was primarily due to an increase of $1.9 million in net interest income, partially offset by an increase of $488,000 in income tax expense. Income for the six months ended June 30, 2025 included a one-time death benefit of approximately $543,000 from the Company’s bank-owned life insurance policy related to a former employee.

    Interest income increased $893,000, or 4.4%, from $20.5 million for the six months ended June 30, 2024 to $21.4 million for the six months ended June 30, 2025 due to higher yields on interest-earning assets and a decrease in the average balance of interest-earning assets. 

    Interest income on cash and cash equivalents increased $95,000, or 34.4%, to $371,000 for the six months ended June 30, 2025 from $276,000 for the six months ended June 30, 2024 due to a $4.8 million increase in the average balance to $13.3 million for the six months ended June 30, 2025 from $8.5 million for the six months ended June 30, 2024. This was partially offset by 92 basis point decrease in the average yield from 6.50% for the six months ended June 30, 2024 to 5.58% for the six months ended June 30, 2025.

    Interest income on loans increased $387,000, or 2.3%, to $16.9 million for the six months ended June 30, 2025 compared to $16.5 million for the six months ended June 30, 2024 due primarily to a 18 basis point increase in the average yield from 4.64% for the six months ended June 30, 2024 to 4.82% for the six months ended June 30, 2025, offset by a $10.3 million decrease in the average balance to $701.4 million for the six months ended June 30, 2025 from $711.7 million for the six months ended June 30, 2024.

    Interest income on securities increased $390,000, or 11.5%, to $3.8 million for the six months ended June 30, 2025 from $3.4 million for the six months ended June 30, 2024 primarily due to a 143 basis point increase in the average yield from 3.85% for the six months ended June 30, 2024 to 5.28% for the six months ended June 30, 2025, which was offset by a $32.9 million decrease in the average balance to $143.2 million for the six months ended June 30, 2025 from $176.1 million for the six months ended June 30, 2024. The decrease in the average balance and the increase in the yield was as a result of the balance sheet restructuring undertaken in the fourth quarter of 2024, where certain lower-yielding securities were sold, a portion of the proceeds were reinvested into higher-yielding securities and all remaining held to maturity securities were reclassified as available for sale.

    Interest expense decreased $1.0 million, or 6.6%, from $15.1 million for the six months ended June 30, 2024 to $14.1 million for the six months ended June 30, 2025 due to lower average balances on certificates of deposit and borrowings and a lower rate paid on certificates of deposit. During the six months ended June 30, 2025, the use of hedges reduced the interest expense on the Federal Home Loan Bank advances and brokered deposits by $363,000. At June 30, 2025, cash flow hedges used to manage interest rate risk had a notional value of $65.0 million, while fair value hedges totaled $60.0 million in notional value. 

    Interest expense on interest-bearing deposits decreased $938,000, or 7.7%, to $11.3 million for the six months ended June 30, 2025 from $12.2 million for the six months ended June 30, 2024. The decrease was due to a 16 basis point decrease in the average cost of deposits to 3.75% for the six months ended June 30, 2025 from 3.91% for the six months ended June 30, 2024. The decrease in the average cost was driven by a 21 basis point decrease in the average cost of certificates of deposit to 4.13% for the six months ended June 30, 2025 from 4.34% for the six months ended June 30, 2024. The decrease in the average cost of deposits was due to the lower interest rate environment and a change in the composition of the deposit portfolio. The average balances of certificates of deposit decreased $33.8 million to $483.4 million for the six months ended June 30, 2025 from $517.2 million for the six months ended June 30, 2024 while average NOW/money market accounts and savings accounts increased $7.7 million and $3.6 million for the six months ended June 30, 2025, respectively, compared to the six months ended June 30, 2024.

    Interest expense on Federal Home Loan Bank advances decreased $62,000, or 2.1%. The decrease was primarily due to a decrease in the average balance of $16.2 million to $144.1 million for the six months ended June 30, 2025 from $160.3 million for the six months ended June 30, 2024. The decrease was offset by an increase in the average cost of borrowings of 33 basis points to 3.99% for the six months ended June 30, 2025 from 3.66% for the six months ended June 30, 2024 due to the new borrowings being for shorter durations at higher rates. 

    Net interest income increased $1.9 million, or 35.1%, to $7.3 million for the six months ended June 30, 2025 from $5.4 million for the six months ended June 30, 2024. The increase reflected a 47 basis point increase in our net interest rate spread to 1.15% for the six months ended June 30, 2025 from 0.68% for the six months ended June 30, 2024. Our net interest margin increased 50 basis points to 1.70% for the six months ended June 30, 2025 from 1.20% for the six months ended June 30, 2024.

    We recorded a $80,000 recovery of credit losses for the six months ended June 30, 2025 compared to a $70,000 provision for credit losses for the six-month period ended June 30, 2024. The decrease in the allowance for credit losses was due to the decrease in loans and held-to-maturity securities.

    Non-interest income increased $619,000, or 102.7%, to $1.2 million for the six months ended June 30, 2025 from $602,000 for the six months ended June 30, 2024. Bank-owned life insurance income increased $564,000, or 132.0%, due to a death benefit related to a former employee and higher balances during 2025. In addition to the death benefit, gains on sale of loans also increased by $38,000 when compared to the comparable period in 2024.

    For the six months ended June 30, 2025, non-interest expense increased $345,000, or 4.7%, over the comparable 2024 period. Professional fees increased $114,000, or 25.0%, due to higher audit and consulting expense. Occupancy and equipment costs increased $574,000, or 77.8%, as a result of the lease-buyback transaction completed in the fourth quarter of 2024, which resulted in increased lease expense going forward. These were offset by a $162,000, or 3.8%, reduction in salaries and employee benefit, which decreased due to lower headcount, advertising expense, which decreased by $104,000, or 46.0%, and other non-interest expense, which decreased $102,000, or 20.0%.

    Income tax expense increased $488,000, or 85.8%, to a benefit of $81,000 for the six months ended June 30, 2025 from a $568,000 benefit for the six months ended June 30, 2024. The decrease was due to an increase of $2.3 million in income. 

    Balance Sheet Analysis

    Total assets were $921.8 million at June 30, 2025, representing a decrease of $49.7 million, or 5.1%, from December 31, 2024. Cash and cash equivalents decreased $31.9 million during the period primarily due to the paydown of borrowings. Net loans decreased $18.5 million, or 2.6%, due to $32.0 million in repayments, partially offset by new production of $15.5 million. This resulted in a $14.5 million decrease in the balance of residential loans and a $17.4 million decrease in construction loans, offset by a $7.3 million and $8.0 million of commercial real estate and multi-family loans, respectively. Due to the interest rate environment, we have seen a decrease in demand for residential and construction loans, which have been primary drivers of our loan growth in recent periods. Securities available for sale increased $4.3 million or 3.1%, due to new purchases of mortgage-backed securities. 

    Delinquent loans increased $6.1 million to $20.4 million, or 2.94% of total loans, at June 30, 2025, compared to $14.3 million at December 31, 2024. The increase was primarily due to one commercial real estate loan with a balance of $7.1 million, which is considered well-secured, accruing and in the process of collection. During the same timeframe, non-performing assets decreased from $14.0 million at December 31, 2024 to $13.9 million, which represented 1.50% of total assets at June 30, 2025. No loans were charged-off during the three or six months ended June 30, 2025 or June 30, 2024. The Company’s allowance for credit losses related to loans was 0.37% of total loans and 18.69% of non-performing loans at June 30, 2025 compared to 0.37% of total loans and 18.77% of non-performing loans at December 31, 2024. The Bank does not have any exposure to commercial real estate loans secured by office space. At June 30, 2025, the Company had no allowance for credit losses related to held-to-maturity securities, as the Company did not hold any held-to-maturity securities at June 30, 2025 or at December 31, 2024. 

    Total liabilities decreased $50.8 million, or 6.1%, to $783.4 million mainly due to a $13.9 million decrease in deposits and by a $36.2 million decrease in borrowings. Total deposits decreased $14.0 million, or 2.2%, to $628.2 million at June 30, 2025 from $642.2 million at December 31, 2024. The decrease in deposits reflected a decrease in certificate of deposit accounts, which decreased by $11.5 million to $481.8 million from $493.3 million at December 31, 2024, a decrease in NOW deposit accounts, which decreased by $2.8 million to $52.6 million from $55.4 million at December 31, 2024, a decrease in money market deposit accounts, which decreased by $2.3 million to $11.7 million from $14.0 million at December 31, 2024, and by a decrease in noninterest bearing demand accounts, which decreased by $2.0 million from $32.7 million at December 31, 2024 to $30.7 million at June 30, 2025. At June 30, 2025, brokered deposits were $108.0 million or 17.2% of deposits and municipal deposits were $25.4 million or 4.1% of deposits. At June 30, 2025, uninsured deposits represented 9.1% of the Bank’s total deposits. Federal Home Loan Bank advances decreased $36.2 million, or 21.0%, due to paydown of existing borrowings. Short-term borrowings increased $10.5 million, or 35.6%, to $40.0 million at June 30, 2025 from $29.5 million at December 31, 2024, while long-term borrowings decreased $46.7 million, or 32.8%, to $95.9 million at June 30, 2025 from $142.7 million at December 31, 2024. Total borrowing capacity at the Federal Home Loan Bank is $241.3 million of which $139.0 million has been advanced.

    Total stockholders’ equity increased $1.2 million to $138.4 million, primarily due to net income of $955,000. At June 30, 2025, the Company’s ratio of average stockholders’ equity-to-total assets was 14.96%, compared to 13.99% at December 31, 2024.

    About Bogota Financial Corp.

    Bogota Financial Corp. is a Maryland corporation organized as the mid-tier holding company of Bogota Savings Bank and is the majority-owned subsidiary of Bogota Financial, MHC. Bogota Savings Bank is a New Jersey chartered stock savings bank that has served the banking needs of its customers in northern and central New Jersey since 1893. It operates from seven offices located in Bogota, Hasbrouck Heights, Upper Saddle River, Newark, Oak Ridge, Parsippany and Teaneck, New Jersey and operates a loan production office in Spring Lake, New Jersey.

    Forward-Looking Statements

    This press release contains certain forward-looking statements about the Company and the Bank. Forward-looking statements include statements regarding anticipated future events and can be identified by the fact that they do not relate strictly to historical or current facts. They often include words such as “believe,” “expect,” “anticipate,” “estimate,” and “intend” or future or conditional verbs such as “will,” “would,” “should,” “could,” or “may.” Forward-looking statements, by their nature, are subject to risks and uncertainties. Certain factors that could cause actual results to differ materially from expected results include increased competitive pressures, changes in the interest rate environment, inflation, general economic conditions or conditions within the securities markets, the imposition of tariffs or other domestic or international governmental policies and retaliatory responses, real estate market values in the Bank’s lending area, changes in liquidity, including the size and composition of our deposit portfolio and the percentage of uninsured deposits in the portfolio; the availability of low-cost funding; our continued reliance on brokered and municipal deposits; demand for loans in our market area; changes in the quality of our loan and security portfolios, economic assumptions or changes in our methodology, either of which may impact our allowance for credit losses calculation, increases in non-performing and classified loans, monetary and fiscal policies of the U.S. Government, including policies of the U.S. Treasury and the Board of Governors of the Federal Reserve System, a failure in or breach of the Company’s operational or security systems or infrastructure, including cyberattacks, the failure to maintain current technologies, failure to retain or attract employees and legislative, accounting and regulatory changes that could adversely affect the business in which the Company and the Bank are engaged.

    The Company undertakes no obligation to revise these forward-looking statements or to reflect events or circumstances after the date of this press release.

    BOGOTA FINANCIAL CORP.
    CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION
    (unaudited)
                 
        As of     As of  
        June 30,
    2025    		     December 31,
    2024    		  
    Assets                
    Cash and due from banks   $ 9,471,838     $ 18,020,527  
    Interest-bearing deposits in other banks     10,861,717       34,211,681  
    Cash and cash equivalents     20,333,555       52,232,208  
    Securities available for sale, at fair value     144,602,468       140,307,447  
    Loans, net of allowance for credit losses of $2,590,950 and $2,620,949, respectively     693,211,303       711,716,236  
    Premises and equipment, net     4,561,786       4,727,302  
    Federal Home Loan Bank (FHLB) stock and other restricted securities     7,204,900       8,803,000  
    Accrued interest receivable     4,225,196       4,232,563  
    Core deposit intangibles     129,255       152,893  
    Bank-owned life insurance     31,329,401       31,859,604  
    Right of use asset     10,506,417       10,776,596  
    Other assets     5,730,379       6,682,035  
    Total Assets   $ 921,834,660     $ 971,489,884  
    Liabilities and Equity                
    Non-interest bearing deposits   $ 30,696,810     $ 32,681,963  
    Interest bearing deposits     597,532,976       609,506,079  
    Total deposits     628,229,786       642,188,042  
    FHLB advances-short term     40,000,000       29,500,000  
    FHLB advances-long term     95,944,439       142,673,182  
    Advance payments by borrowers for taxes and insurance     3,223,479       2,809,205  
    Lease liabilities     10,579,107       10,780,363  
    Other liabilities     5,418,148       6,249,932  
    Total liabilities     783,394,959       834,200,724  
                     
    Stockholders’ Equity                
    Preferred stock $0.01 par value 1,000,000 shares authorized, none issued and outstanding at June 30, 2025 and December 31, 2024     —       —  
    Common stock $0.01 par value, 30,000,000 shares authorized, 13,008,389 issued and outstanding at June 30, 2025 and 13,059,175 at December 31, 2024     130,083       130,592  
    Additional paid-in capital     55,260,550       55,269,962  
    Retained earnings     90,961,990       90,006,648  
    Unearned ESOP shares (369,670 shares at June 30, 2025 and 382,933 shares at December 31, 2024)     (4,369,992 )     (4,520,594 )
    Accumulated other comprehensive loss     (3,542,930 )     (3,597,448 )
    Total stockholders’ equity     138,439,701       137,289,160  
    Total liabilities and stockholders’ equity   $ 921,834,660     $ 971,489,884  
    BOGOTA FINANCIAL CORP.
    CONSOLIDATED STATEMENTS OF OPERATIONS
    (unaudited)
                 
        Three Months Ended     Six Months Ended  
        June 30,     June 30,  
        2025     2024     2025     2024  
    Interest income                                
    Loans, including fees   $ 8,291,923     $ 8,299,404     $ 16,895,052     $ 16,506,796  
    Securities                                
    Taxable     1,943,360       1,846,717       3,773,754       3,363,060  
    Tax-exempt     2,894       13,124       5,789       26,272  
    Other interest-earning assets     266,987       314,964       754,158       639,268  
    Total interest income     10,505,164       10,474,209       21,428,753       20,535,396  
    Interest expense                                
    Deposits     5,524,138       6,253,895       11,286,462       12,223,776  
    FHLB advances     1,286,421       1,476,600       2,854,448       2,916,669  
    Total interest expense     6,810,559       7,730,495       14,140,910       15,140,445  
    Net interest income     3,694,605       2,743,714       7,287,843       5,394,951  
    (Recovery) provision for credit losses     —       35,000       (80,000 )     70,000  
    Net interest income after (recovery) provision for credit losses     3,694,605       2,708,714       7,367,843       5,324,951  
    Non-interest income                                
    Fees and service charges     59,755       49,203       115,574       107,790  
    Gain on sale of loans     8,768       —       37,830       —  
    Bank-owned life insurance     228,392       215,056       990,623       427,015  
    Other     34,795       38,945       77,055       67,477  
    Total non-interest income     331,710       303,204       1,221,082       602,282  
    Non-interest expense                                
    Salaries and employee benefits     2,059,942       2,143,388       4,140,141       4,301,953  
    Occupancy and equipment     640,444       366,908       1,311,913       738,025  
    FDIC insurance assessment     103,934       106,716       210,520       207,313  
    Data processing     305,034       318,520       620,731       622,125  
    Advertising     16,000       115,100       121,500       225,200  
    Director fees     170,812       151,549       330,256       307,249  
    Professional fees     372,364       260,112       571,094       456,897  
    Other     185,972       263,490       408,017       510,112  
    Total non-interest expense     3,854,502       3,725,783       7,714,172       7,368,874  
    Income (loss) before income taxes     171,813       (713,865 )     874,753       (1,441,641 )
    Income tax benefit     (52,582 )     (281,386 )     (80,589 )     (568,182 )
    Net income (loss)   $ 224,395     $ (432,479 )   $ 955,342     $ (873,459 )
    Earnings (loss) per Share – basic   $ 0.02     $ (0.03 )   $ 0.08     $ (0.07 )
    Earnings (loss) per Share – diluted   $ 0.02     $ (0.03 )   $ 0.08     $ (0.07 )
    Weighted average shares outstanding – basic     12,635,990       12,803,925       12,642,744       12,828,428  
    Weighted average shares outstanding – diluted     12,641,179       12,803,925       12,644,701       12,828,428  
    BOGOTA FINANCIAL CORP.
    SELECTED RATIOS
    (unaudited)
                 
        At or For the Three Months     At or for the Six Months  
        Ended June 30,     Ended June 30,  
        2025     2024     2025     2024  
    Performance Ratios (1):                                
    Return (loss) on average assets (2)     0.02 %     (0.18 )%     0.10 %     (0.18 )%
    Return (loss) on average equity (3)     0.16 %     (1.32 )%     0.10 %     (1.32 )%
    Interest rate spread (4)     1.20 %     0.72 %     1.15 %     0.68 %
    Net interest margin (5)     1.74 %     1.21 %     1.70 %     1.20 %
    Efficiency ratio (6)     95.73 %     122.28 %     90.66 %     122.87 %
    Average interest-earning assets to average interest-bearing liabilities     116.49 %     114.12 %     115.24 %     114.56 %
    Net loans to deposits     110.34 %     109.02 %     110.34 %     109.02 %
    Average equity to average assets (7)     15.02 %     13.48 %     14.88 %     14.71 %
    Capital Ratios:                                
    Tier 1 capital to average assets                     15.32 %     13.52 %
    Asset Quality Ratios:                                
    Allowance for credit losses as a percent of total loans                     0.37 %     0.39 %
    Allowance for credit losses as a percent of non-performing loans                     18.69 %     21.20 %
    Net charge-offs to average outstanding loans during the period                     0.00 %     0.00 %
    Non-performing loans as a percent of total loans                     2.00 %     1.82 %
    Non-performing assets as a percent of total assets                     1.50 %     1.33 %
    (1 ) Certain performance ratios for the three and six months ended June 30, 2025 and 2024 are annualized.
    (2 ) Represents net income (loss) divided by average total assets.
    (3 ) Represents net income (loss) divided by average stockholders’ equity.
    (4 ) Represents the difference between the weighted average yield on average interest-earning assets and the weighted average cost of average interest-bearing liabilities. Tax exempt income is reported on a tax equivalent basis using a combined federal and state marginal tax rate of 27.5% for 2025 and 2024.
    (5 ) Represents net interest income as a percent of average interest-earning assets. Tax exempt income is reported on a tax equivalent basis using a combined federal and state marginal tax rate of 27.5% for 2025 and 2024.
    (6 ) Represents non-interest expenses divided by the sum of net interest income and non-interest income.
    (7 ) Represents average stockholders’ equity divided by average total assets.


    LOANS

    Loans are summarized as follows at June 30, 2025 and December 31, 2024:

        June 30,     December 31,  
        2025     2024  
        (unaudited)  
    Real estate:                
    Residential First Mortgage   $ 458,212,962     $ 472,747,542  
    Commercial Real Estate     125,349,129       118,008,866  
    Multi-Family Real Estate     82,118,178       74,152,418  
    Construction     25,766,387       43,183,657  
    Commercial and Industrial     4,282,269       6,163,747  
    Consumer     73,328       80,955  
    Total loans     695,802,253       714,337,185  
    Allowance for credit losses     (2,590,950 )     (2,620,949 )
    Net loans   $ 693,211,303     $ 711,716,236  

    The following tables set forth the distribution of total deposit accounts, by account type, at the dates indicated:

        At June 30,     At December 31,  
        2025     2024  
        Amount     Percent     Average Rate     Amount     Percent     Average Rate  
                                                     
        (unaudited)  
    Noninterest bearing demand accounts   $ 30,696,810       4.89 %     — %   $ 32,681,963       5.09 %     — %
    NOW accounts     52,611,377       8.37 %     2.64       55,378,051       8.62 %     2.53  
    Money market accounts     11,677,716       1.86 %     0.48       13,996,460       2.18 %     0.58  
    Savings accounts     51,419,664       8.18 %     2.02       46,851,793       7.30 %     1.90  
    Certificates of deposit     481,824,219       76.70 %     3.88       493,279,775       76.81 %     4.37  
    Total   $ 628,229,786       100.00 %     3.37 %   $ 642,188,042       100.00 %     3.42 %


    Average Balance Sheets and Related Yields and Rates

    The following tables present information regarding average balances of assets and liabilities, the total dollar amounts of interest income and dividends from average interest-earning assets, the total dollar amounts of interest expense on average interest-bearing liabilities, and the resulting annualized average yields and costs. The yields and costs for the periods indicated are derived by dividing income or expense by the average balances of assets or liabilities, respectively, for the periods presented. Average balances have been calculated using daily balances. Nonaccrual loans are included in average balances only. Loan fees are included in interest income on loans and are not material.

        Three Months Ended June 30,  
        2025     2024  
        Average Balance     Interest and Dividends     Yield/ Cost     Average Balance     Interest and Dividends     Yield/ Cost  
        (Dollars in thousands)  
    Assets:   (unaudited)  
    Cash and cash equivalents   $ 9,976     $ 106       4.26 %   $ 8,644     $ 127       5.90 %
    Loans     697,792       8,292       4.77 %     710,058       8,299       4.70 %
    Securities     141,141       1,946       5.52 %     185,497       1,860       4.01 %
    Other interest-earning assets     7,085       161       9.09 %     8,689       188       8.66 %
    Total interest-earning assets     855,994       10,505       4.92 %     912,888       10,474       4.61 %
                                                     
    Non-interest-earning assets     65,094                       58,933                  
    Total assets   $ 921,088                     $ 971,821                  
    Liabilities and equity:                                                
    NOW and money market accounts   $ 73,261     $ 447       2.44 %   $ 67,687     $ 329       1.96 %
    Savings accounts     48,751       249       2.05 %     44,093       205       1.87 %
    Certificates of deposit (1)     482,516       4,828       4.01 %     517,882       5,720       4.44 %
    Total interest-bearing deposits     604,528       5,524       3.67 %     629,662       6,254       3.99 %
                                                     
    Federal Home Loan Bank advances (1)     130,277       1,286       3.96 %     170,295       1,476       3.49 %
    Total interest-bearing liabilities     734,805       6,810       3.72 %     799,957       7,730       3.89 %
    Non-interest-bearing deposits     32,076                       39,162                  
    Other non-interest-bearing liabilities     15,894                       1,654                  
    Total liabilities     782,775                       840,773                  
                                                     
    Total equity     138,313                       131,048                  
    Total liabilities and equity   $ 921,088                     $ 971,821                  
    Net interest income           $ 3,695                     $ 2,744          
    Interest rate spread (2)                     1.20 %                     0.72 %
    Net interest margin (3)                     1.74 %                     1.21 %
    Average interest-earning assets to average interest-bearing liabilities     116.49 %                     114.12 %                
    1. Cash flow and fair value hedges are used to manage interest rate risk. During the three months ended June 30, 2025 and 2024, the net effect on interest expense on the Federal Home Loan Bank advances and certificates of deposit was a reduced expense of $186,000 and $461,000, respectively.
    2. Interest rate spread represents the difference between the weighted average yield on interest-earning assets and the weighted average cost of interest-bearing liabilities.
    3. Net interest margin represents net interest income divided by average total interest-earning assets.
        Six Months Ended June 30,  
        2025     2024  
        Average Balance     Interest and Dividends     Yield/ Cost     Average Balance     Interest and Dividends     Yield/ Cost  
        (Dollars in thousands)  
    Assets:                                                
    Cash and cash equivalents   $ 13,270     $ 371       5.58 %   $ 8,505     $ 276       6.50 %
    Loans     701,423       16,894       4.82 %     711,744       16,507       4.64 %
    Securities     143,199       3,779       5.28 %     176,081       3,389       3.85 %
    Other interest-earning assets     7,692       384       9.97 %     8,395       363       8.65 %
    Total interest-earning assets     865,584       21,428       4.95 %     904,725       20,535       4.54 %
    Non-interest-earning assets     61,323                       59,313                  
    Total assets   $ 926,907                     $ 964,038                  
    Liabilities and equity:                                                
    NOW and money market accounts   $ 76,313     $ 904       2.39 %   $ 68,569     $ 664       1.95 %
    Savings accounts     47,299       475       2.02 %     43,720       403       1.85 %
    Certificates of deposit (1)     483,380       9,907       4.13 %     517,189       11,157       4.34 %
    Total interest-bearing deposits     606,992       11,286       3.75 %     629,478       12,224       3.91 %
    Federal Home Loan Bank advances (1)     144,120       2,854       3.99 %     160,282       2,916       3.66 %
    Total interest-bearing liabilities     751,112       14,140       3.80 %     789,760       15,140       3.86 %
    Non-interest-bearing deposits     32,425                       38,425                  
    Other non-interest-bearing liabilities     5,420                       2,763                  
    Total liabilities     788,957                       830,948                  
    Total equity     137,950                       133,090                  
    Total liabilities and equity   $ 926,907                     $ 964,038                  
    Net interest income           $ 7,288                     $ 5,395          
    Interest rate spread (2)                     1.15 %                     0.68 %
    Net interest margin (3)                     1.70 %                     1.20 %
    Average interest-earning assets to average interest-bearing liabilities     115.24 %                     114.56 %                
    1. Cash flow hedges are used to manage interest rate risk. During the six months ended June 30, 2025 and 2024, the net effect on interest expense on the Federal Home Loan Bank advances and certificates of deposit was a reduced expense of $363,000 and $749,000, respectively.
       
    2. Interest rate spread represents the difference between the weighted average yield on interest-earning assets and the weighted average cost of interest-bearing liabilities.
       
    3. Net interest margin represents net interest income divided by average total interest-earning assets


    Rate/Volume Analysis

    The following table sets forth the effects of changing rates and volumes on net interest income. The rate column shows the effects attributable to changes in rate (changes in rate multiplied by prior volume). The volume column shows the effects attributable to changes in volume (changes in volume multiplied by prior rate). The net column represents the sum of the prior columns. Changes attributable to changes in both rate and volume that cannot be segregated have been allocated proportionally based on the changes due to rate and the changes due to volume.

        Three Months Ended June 30, 2025     Six Months Ended June 30, 2025  
        Compared to     Compared to  
        Three Months Ended June 30, 2024     Six Months Ended June 30, 2024  
        Increase (Decrease) Due to     Increase (Decrease) Due to  
        Volume     Rate     Net     Volume     Rate     Net  
        (In thousands)  
    Interest income:   (unaudited)  
    Cash and cash equivalents   $ 94     $ (114 )   $ (21 )   $ 201     $ (106 )   $ 95  
    Loans receivable     (534 )     526       (7 )     (592 )     979       387  
    Securities     (2,142 )     2,228       86       (1,554 )     1,944       390  
    Other interest earning assets     (80 )     53       (27 )     (71 )     92       21  
    Total interest-earning assets     (2,662 )     2,693       31       (2,017 )     2,910       893  
                                                     
    Interest expense:                                                
    NOW and money market accounts     29       89       118       79       161       240  
    Savings accounts     23       21       44       34       38       72  
    Certificates of deposit     (368 )     (524 )     (892 )     (718 )     (532 )     (1,250 )
    Federal Home Loan Bank advances     (1,138 )     948       (190 )     (591 )     529       (62 )
    Total interest-bearing liabilities     (1,454 )     534       (920 )     (1,197 )     197       (1,000 )
    Net (decrease) increase in net interest income   $ (1,208 )   $ 2,159     $ 951     $ (820 )   $ 2,713     $ 1,893  

    Contacts
    Kevin Pace – President & CEO, 201-862-0660 ext. 1110

    The MIL Network –

  • MIL-OSI: Intchains Expands Collaboration with FalconX to Optimize ETH Acquisition and Enhance Yield

    Source: GlobeNewswire (MIL-OSI)

    SINGAPORE, July 31, 2025 (GLOBE NEWSWIRE) —  Intchains Group Limited (Nasdaq: ICG) (“we,” or the “Company”), a company engaged in the provision of altcoin mining products, strategic acquisition and holding of Ethereum-based cryptocurrencies, and active development of innovative Web3 applications, today announced that it is collaborating with FalconX, the largest digital asset prime brokerage for institutional investors, to expand the Company’s ETH digital asset treasury. The collaboration aims to enhance ETH acquisition efficiency and explore potential return enhancements through a structured ETH yield strategy, subject to market conditions and risk considerations.

    The cooperation focuses on two key aspects:

    Optimized ETH Acquisition: FalconX will implement customized derivatives-based trading strategies such as funded put selling for Intchains, which may enable the Company to acquire ETH while potentially generating premium income.

    ETH Yield Enhancement Strategy: FalconX’s platform will enable Intchains to pursue yield generation on its ETH holdings through a combination of lending and derivatives-based strategies, with the goal of improving returns relative to Intchain’s current passive ETH accumulation and staking approach. Based on preliminary modeling, Intchains annualized yield on its ETH holdings could be as high as 10%.

    Mr. Qiang Ding, Chairman of the Board of Directors and Chief Executive Officer of Intchains, commented, “We are excited to strengthen our collaboration with FalconX aiming to enhance our ETH accumulation strategy and boost overall yield performance. Through this initiative, we expect to achieve lower ETH acquisition costs and higher yields, further reinforcing ICG’s leading position in ETH holding while delivering stronger financial results. We remain committed to our long-term dollar-cost-averaging ETH strategy and believe the FalconX platform will be a trusted partner as we continue to build our ETH position.”

    About FalconX
    FalconX provides comprehensive solutions for institutional digital asset strategies, serving over 600 clients globally. As of December 31, 2024, the platform has facilitated over $1.5 trillion in trading volume.

    About Intchains Group Limited
    Intchains Group Limited is a company that engages in the provision of altcoin mining products, the strategic acquisition and holding of Ethereum-based cryptocurrencies, and the active development of innovative Web3 applications. For more information, please visit the Company’s website at: https://intchains.com/.

    Forward-Looking Statements
    Certain statements in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy, and financial needs. Forward-looking statements include, but are not limited to, statements about: (i) our goals and strategies; (ii) our future business development, formed condition and results of operations; (iii) expected changes in our revenue, costs or expenditures; (iv) growth of and competition trends in our industry; (v) our expectations regarding demand for, and market acceptance of, our products; (vi) general economic and business conditions in the markets in which we operate; (vii) relevant government policies and regulations relating to our business and industry; (viii) fluctuations in the market price of ETH-based cryptocurrencies; gains or losses from the sale of ETH-based cryptocurrencies; changes in accounting treatment for the Company’s ETH-based cryptocurrencies holdings; a decrease in liquidity in the markets in which ETH-based cryptocurrencies are traded; security breaches, cyberattacks, unauthorized access, loss of private keys, fraud, or other events leading to the loss of the Company’s ETH-based cryptocurrencies; impacts to the price and rate of adoption of ETH-based cryptocurrencies associated with financial difficulties and bankruptcies of various participants in the industry; and (viii) assumptions underlying or related to any of the foregoing. Investors can identify these forward-looking statements by words or phrases such as “may,” “could,” “will,” “should,” “would,” “expect,” “plan,” “intend,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “project” or “continue” or the negative of these terms or other comparable terminology. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company’s registration statement and other filings with the SEC.

    For investor and media inquiries, please contact:

    Intchains Group Limited
    Investor relations
    Email: ir@intchains.com

    The Equity Group
    Lena Cati, Senior Vice President
    212-836-9611 / lcati@theequitygroup.com

    Alice Zhang, Associate
    212-836-9610 / azhang@theequitygroup.com   

    The MIL Network –