Category: Taxation

MIL-OSI: Innventure Reports First Quarter 2025 Results

Source: GlobeNewswire (MIL-OSI)

Accelsius continues to build momentum within the large and growing liquid cooling market

Innventure reiterates confidence in achieving revenue growth inflection during the second half of 2025

ORLANDO, Fla., May 15, 2025 (GLOBE NEWSWIRE) — Innventure, Inc. (NASDAQ: INV) (“Innventure”), a technology commercialization platform, today announced financial results for the quarter ended March 31, 2025.

“Innventure’s operating companies continued their momentum to start 2025, with both Accelsius and AeroFlexx further positioning themselves for revenue growth inflection in the second half of this year.” said Bill Haskell, Innventure’s Chief Executive Officer. “We founded Innventure to bring disruptive technologies to market by building companies we believe represent at least $1 billion enterprise value opportunities. Our companies are led by incredibly talented operators who are armed with differentiated technologies designed to meet significant unmet market needs. When it comes to high-growth ventures, timing the inflection point is inherently challenging, but from where we sit today, the confidence we have in our current family of companies has never been higher. ”

Mr. Haskell continued, “We are most excited about Accelsius’s position in the two-phase, direct-to-chip liquid cooling market. Accelsius has a market leading technology and is engaged in deep discussions with many of the major players including hyperscalers, OEMs, colocation operators and AI-as-a-Service operators. Josh and his team are at the forefront of a seismic liquid cooling adoption cycle that we and data center operators across the ecosystem believe will occur in the near future. Once this shift takes hold, Accelsius is well equipped to catch the wave and drive significant value for our shareholders.”

Conference Call and Webcast

A conference call to discuss these results has been scheduled for 5:00 p.m. ET on May 15, 2025. The event will be webcasted live via Innventure’s investor relations website https://ir.innventure.com/ or via this link.

Parties interested in joining via teleconference can register using this link.

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

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

About Innventure

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

Non-GAAP Financial Measures

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

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

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

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

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

Cautionary Statement Regarding Forward-Looking Statements

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

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

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

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

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

Innventure, Inc. and Subsidiaries Condensed Consolidated Balance Sheets (in thousands, except share and per share amounts)

	March 31, 2025 (Unaudited)			December 31, 2024
Assets
Cash, cash equivalents and restricted cash	$	1,375		$	11,119
Accounts receivable		237			283
Due from related parties		124			4,536
Inventories		5,220			5,178
Prepaid expenses and other current assets		3,329			3,170
Total Current Assets		10,285			24,286
Investments		33,684			28,734
Property, plant and equipment, net		2,186			1,414
Intangible assets, net		176,750			182,153
Goodwill		436,807			667,936
Other assets		707			766
Total Assets	$	660,419		$	905,289
Liabilities and Stockholders’ Deficit
Accounts payable	$	5,061		$	3,248
Accrued employee benefits		11,216			9,273
Accrued expenses		3,102			2,478
Related party notes payable – current		—			14,000
Notes payable – current		2,141			625
Patent installment payable – current		700			1,225
Obligation to issue equity		261			4,158
Warrant liability		24,003			34,023
Income taxes payable		500			—
Other current liabilities		340			317
Total Current Liabilities		47,324			69,347
Notes payable, net of current portion		12,346			13,654
Earnout liability		7,470			14,752
Stock-based compensation liability		718			1,160
Patent installment payable, net of current		12,375			12,375
Deferred income taxes		25,454			27,353
Other liabilities		260			355
Total Liabilities		105,947			138,996
Commitments and Contingencies (Note 16)
Mezzanine Equity
Preferred Stock, $0.0001 par value, 25,000,000 shares authorized, 2,885,848 and — shares issued and outstanding as of March 31, 2025 and December 31, 2024, respectively		28,727			—
Stockholders’ Equity
Preferred Stock, $0.0001 par value, 25,000,000 shares authorized, 1,118,808 and 1,102,000 shares issued and outstanding as of March 31, 2025 and December 31, 2024, respectively		—			—
Common Stock, $0.0001 par value, 250,000,000 shares authorized, 47,103,800 and 44,597,154 shares issued and outstanding as of March 31, 2025 and December 31, 2024, respectively		5			4
Additional paid-in capital		484,256			502,865
Accumulated other comprehensive (loss) gain		(1,478	)		909
Accumulated deficit		(221,285	)		(78,262	)
Total Innventure, Inc., Stockholders’ Equity		261,498			425,516
Non-controlling interest		264,247			340,777
Total Stockholders’ Equity		525,745			766,293
Total Liabilities, Mezzanine and Stockholders’ Equity	$	660,419		$	905,289

See accompanying notes to condensed consolidated financial statements.

Innventure, Inc. and Subsidiaries Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) (Unaudited) (in thousands, except share and per share amounts)

	Successor			Predecessor
	Three months ended March 31, 2025			Three months ended March 31, 2024
Revenue	$	224		$	224

Operating Expenses
Cost of sales		184			—
General and administrative		19,676			7,904
Sales and marketing		2,096			1,183
Research and development		6,253			1,669
Goodwill impairment		233,213			—
Total Operating Expenses		261,422			10,756

Loss from Operations		(261,198	)		(10,532	)

Non-operating (Expense) and Income
Interest expense, net		(1,538	)		(405	)
Net gain on investments		—			5,189
Net loss on investments – due to related parties		—			(186	)
Change in fair value of financial liabilities		16,429			(478	)
Equity method investment (loss) gain		(6,756	)		5
Realized gain on conversion of available for sale investment		1,507			—
Loss on extinguishment of related party debt		(3,538	)		—
Loss on conversion of promissory notes		—			(1,119	)
Miscellaneous other income		21			—
Total Non-operating Income		6,125			3,006

Loss before income taxes		(255,073	)		(7,526	)

Income tax benefit		(1,399	)		—
Net Loss		(253,674	)		(7,526	)
Less: net loss attributable to
Non-redeemable non-controlling interest		(110,677	)		(2,307	)
Net Loss Attributable to Innventure, Inc. Stockholders / Innventure LLC Unitholders		(142,997	)		(5,219	)

Basic and diluted loss per share	$	(3.10	)
Basic and diluted weighted average common shares		46,252,922

Other comprehensive loss, net of taxes:
Unrealized loss on available for sale debt securities – related party		(880	)		—
Reclassification of realized gain on conversion of available for sale investments		(1,507	)		—
Total other comprehensive loss, net of taxes		(2,387	)		—

Total comprehensive loss, net of taxes		(256,061	)		(7,526	)
Less: comprehensive loss attributable to
Non-redeemable non-controlling interest		(110,677	)		(2,307	)
Net Comprehensive Loss Attributable to Innventure, Inc. Stockholders / Innventure LLC Unitholders	$	(145,384	)	$	(5,219	)

See accompanying notes to condensed consolidated financial statements.

Innventure, Inc. and Subsidiaries Condensed Consolidated Statements of Changes in Unitholders’ Deficit (Predecessor) (Unaudited) (in thousands, except share and per share amounts)

	Class B Preferred		Class B-1 Preferred		Class A		Class C		Accumulated Deficit			Accumulated OCI		Non- Controlling Interest			Total (Deficit) Equity
December 31, 2023		38,122		3,323		1,950		844		(64,284	)		—		1,559			(18,486	)
Net loss		—		—		—		—		(5,219	)		—		(2,307	)		(7,526	)
Units issued to non-controlling interest		—		—		—		—		—			—		3,503			3,503
Issuance of preferred units, net of issuance costs		7,566		—		—		—		—			—		—			7,566
Unit-based compensation		—		—		—		51		—			—		345			396
Issuance of units to non-controlling interest in exchange of convertible promissory notes		—		—		—		—		—			—		8,443			8,443
Accretion of redeemable units to redemption value		—		—		—		—		(4,415	)		—		—			(4,415	)
March 31, 2024	$	45,688	$	3,323	$	1,950	$	895	$	(73,918	)	$	—	$	11,543		$	(10,519	)

See accompanying notes to condensed consolidated financial statements.

Innventure, Inc. and Subsidiaries Condensed Consolidated Statements of Changes in Mezzanine and Stockholders’ Equity (Deficit) (Successor) (Unaudited) (in thousands, except share and per share amounts)

	Stockholders’ Equity																						Mezzanine Equity
	Preferred Stock				Common Stock																		Preferred Stock
	Shares		Amount		Shares	Amount		Additional Paid-In Capital			Accumulated Deficit			Accumulated OCI			Non- Controlling Interest			Total Stockholders’ Equity			Shares	Amount
December 31, 2024	1,102,000		$	—	44,597,154	$	4	$	502,865		$	(78,262	)	$	909		$	340,777		$	766,293		—	$	—
Net loss	—			—	—		—		—			(142,997	)		—			(110,677	)		(253,674	)	—		—
Series B Preferred Stock buyback	(5,000	)		—	—		—		(50	)		—			—			—			(50	)	—		—
Series B Preferred Stock issued for paid-in-kind dividends	21,808			—	—		—		218			—			—			—			218		—		—
Issuance of common shares, net of issuance costs	—			—	161,964		—		1,927			—			—			—			1,927		—		—
Vesting of earnout shares	—			—	2,344,682		1		873			—			—			—			874		—		—
Other comprehensive gain, net of taxes	—			—	—		—		—			—			(2,387	)		—			(2,387	)	—		—
Conversion of related party notes	—			—	—		—		—			—			—			—			—		2,310,848		23,108
Issuance of Series C Preferred Stock, net	—			—	—		—		—			—			—			—			—		575,000		5,663
Non-controlling interest issued and related transfers	—			—	—		—		(26,303	)		—			—			33,249			6,946		—		—
Distributions to Stockholders	—			—	—		—		—			(26	)		—			—			(26	)	—		—
Stock-based compensation	—			—	—		—		4,943			—			—			898			5,841		—		—
Accrued preferred dividends	—			—	—		—		(217	)		—			—			—			(217	)	—		(44	)
March 31, 2025	1,118,808		$	—	47,103,800	$	5	$	484,256		$	(221,285	)	$	(1,478	)	$	264,247		$	525,745		2,885,848	$	28,727

See accompanying notes to condensed consolidated financial statements.

Innventure, Inc. and Subsidiaries Condensed Consolidated Statements of Cash Flows (Unaudited) (in thousands, except share and per share amounts)

	Successor			Predecessor
	Three months ended March 31, 2025			Three months ended March 31, 2024
Cash Flows Used in Operating Activities
Net loss	$	(253,674	)	$	(7,526	)
Adjustments to reconcile net loss to net cash and cash equivalents used in operating activities:
Stock-based compensation		5,841			396
Interest income on debt securities – related party		(91	)		—
Change in fair value of financial liabilities		(16,429	)		478
Change in fair value of payables due to related parties		—			186
Non-cash interest expense on notes payable		510			230
Net (gain) loss on investments		—			(5,189	)
Equity method investment gain (loss)		6,756			(5	)
Realized gain on conversion of available for sale investments		(1,507	)		—
Loss on extinguishment of related party debt		3,538			—
Loss on conversion of promissory notes		—			1,119
Deferred income taxes		(1,899	)		—
Depreciation and amortization		5,548			—
Goodwill impairment		233,213			—
Payment of patent installment		(525	)		—
Non-cash rent costs		61			—
Other, net		—			67
Changes in operating assets and liabilities:
Accounts receivable		46			—
Prepaid expenses and other current assets		(122	)		(136	)
Inventory		(42	)		—
Accounts payable		1,587			1,234
Accrued employee benefits		1,943			1,329
Accrued expenses		565			488
Stock-based compensation liability		(442	)		—
Income taxes payable		500			—
Other current liabilities		(73	)		(68	)
Net Cash Used in Operating Activities		(14,696	)		(7,397	)

Cash Flows Used in Investing Activities
Investment in available-for-sale debt securities – equity method investee		(2,337	)		—
Advances to equity method investee		—			(2,540	)
Acquisition of property, plant and equipment		(917	)		(640	)
Net Cash Used in Investing Activities		(3,254	)		(3,180	)

Cash Flows Provided by Financing Activities
Proceeds from issuance of equity, net of issuance costs		3,675			7,116
Proceeds from the issuance of equity to non-controlling interest, net of issuance costs		4,907			3,503
Payment of debts		(300	)		(460	)
Distributions to Stockholders		(26	)		—
Payment of promissory notes to related parties		—			—
Repurchase of Preferred Stock		(50	)		—
Cash Flows Provided by Financing Activities		8,206			10,159

Net Decrease in Cash, Cash Equivalents and Restricted Cash		(9,744	)		(418	)
Cash, Cash Equivalents and Restricted Cash Beginning of period		11,119			2,575
Cash, Cash Equivalents and Restricted Cash End of period	$	1,375		$	2,157

See accompanying notes to condensed consolidated financial statements.

Innventure, Inc. and Subsidiaries Condensed Consolidated Statements of Cash Flows (Unaudited) (in thousands, except share and per share amounts)

	Successor		Predecessor
	Three months ended March 31, 2025		Three months ended March 31, 2024
Supplemental Cash Flow Information
Cash paid for interest	$	1,127	$	55
Supplemental Disclosure of Noncash Financing Information
Accretion of redeemable units to redemption value		—		4,415
Issuance of units to non-controlling interest in exchange of convertible promissory notes		—		7,324
Conversion of working capital loans to equity method investee into investments in debt securities – related party		4,375		—
Extinguishment of debt with Series C Preferred Stock		14,000		—
Contribution of Series C Preferred Stock to equity method investee		5,783		—
Conversion of AFX available-for-sale term loan into equity method investments		8,757		—
Issuance of stock in exchange for services		4,002		—
Equity reallocation between non-controlling interest and additional paid-in capital		26,304		—

See accompanying notes to condensed consolidated financial statements.

Innventure, Inc. and Subsidiaries Non-GAAP Financial Measures (in thousands, except share and per share amounts)

	Successor		Predecessor
	Three months ended March 31, 2025		Three months ended March 31, 2024
Net loss	(253,674	)	(7,526	)
Interest expense, net⁽¹⁾	1,538		405
Depreciation and amortization expense	5,548		—
Income tax benefit	(1,399	)	—
EBITDA	(247,987	)	(7,121	)
Transaction and other related costs⁽²⁾	—		3,272
Change in fair value of financial liabilities⁽³⁾	(16,429	)	478
Stock-based compensation⁽⁴⁾	5,841		396
Goodwill impairment⁽⁵⁾	233,213		—
Loss on extinguishment of related party debt⁽⁶⁾	3,538		—
Loss on conversion of promissory notes	—		1,119
Adjusted EBITDA	(21,824	)	(1,856	)

(1) Interest Expense, net, includes interest incurred on our various borrowing facilities and the amortization of debt issuance costs.
(2) Transaction and other related costs – For the three months ended March 31, 2025 (Successor) and three months ended March 31, 2024 (Predecessor), this is comprised of consulting, legal, and other professional fees related to the Business Combination.
(3) Change in fair value of financial liabilities – For the three months ended March 31, 2025 (Successor), the change in fair value of financial liabilities primarily consists of the change in fair value of the warrant liability and the earnout liability. For the three months ended March 31, 2024 (Predecessor), this is comprised entirely of the change in fair value of the embedded derivative associated with the convertible notes.
(4) Stock based compensation – For the three months ended March 31, 2025 (Successor), stock based compensation primarily consisted of awards in the 2024 Equity and Incentive Plan entered into on October 2, 2024 subsequent to the Business Combination. These awards consisted of Stock Options, Restricted Stock Units, and Stock Appreciation Rights. Further, a portion of this expense was related to share based payment employee incentive plans in existence at Innventure LLC and other subsidiaries. For the three months ended March 31, 2024 (Predecessor), stock based compensation was comprised wholly of share based payment employee incentive plans in existence at Innventure LLC and other subsidiaries.
(5) Goodwill impairment – For the three months ended March 31, 2025 (Successor), the Company recognized a goodwill impairment charge due to sustained decreases in the Company’s publicly quoted share price and market capitalization, which were, at least in part, sensitive to the general downward volatility experienced in the stock market during late February and March. There was no similar goodwill impairment charge for the three months ended March 31, 2024 (Predecessor).
(6) Loss on extinguishment of related party debt – For the three months ended March 31, 2025 (Successor), the Company extinguished certain related party debts by issuing Series C Preferred Stock. There was no loss on extinguishment of related party debt for the three months ended March 31, 2024 (Predecessor).

The MIL Network –

May 16, 2025

MIL-OSI: Airship AI Reports First Quarter 2025 Financial Results

Source: GlobeNewswire (MIL-OSI)

First Quarter 2025 Net Revenues of $5.5 Million, Gross Profit of $2.2 Million and Gross Margin of 40%

Increased Investments In Our People And Digital Transformation Will Enable Us To Stay Resilient and Ready In A Rapidly Changing Marketplace

New Pro-U.S. Border Security Administration Provides Additional Macro Tailwinds for 2025 & Beyond

REDMOND, Wash., May 15, 2025 (GLOBE NEWSWIRE) — Airship AI Holdings, Inc. (NASDAQ: AISP) (“Airship AI” or the “Company”), a leader in AI-driven video, sensor, and data management surveillance solutions, today reported its financial and operational results for the first quarter ended March 31, 2025.

Q1 2025 Financial Highlights

Net revenues for the quarter ended March 31, 2025 were $5.5 million.
Gross profits for the quarter ended March 31, 2025 were $2.2 million.
Gross margin percentage was 40% for the quarter ended March 31, 2025. The margins reflected increased solution sales with more third-party hardware than Airship AI software.
Operating loss was $1.7 million for the quarter ended March 31, 2025 reflected in increased stock based compensation and increased investments in sales and marketing related expenditures which should increase future sales.
Other income for the quarter ended March 31, 2025 was $25.4 million, primarily due to a gain from a change in the fair value of earnout liability of $9.8 million, and a change in fair value of warrant liability of $15.5 million.
Net income for the quarter ended March 31, 2025 was $23.7 million, or $0.75 per basic share, primarily related to noncash income of $25.4 million.
Net cash used in operating activities was $2.1 million in the quarter ended March 31, 2025.
Cash and cash equivalents were $8.8 million as of March 31, 2025.

Q1 2025 & Subsequent Operational Highlights

Backlog as of March 31, 2025 was $2.0 million, representing firm fixed price contracts awarded in the fourth quarter of 2024 or first quarter of 2025 that will be shipped and invoiced through the remainder of calendar year 2025. Backlog is not indicative of future quarterly revenue as approximately 75% of quarterly revenue is transactional and recognized in the same quarter.
Our total validated pipeline at the end of the quarter was approximately $135 million, consisting of single and multi-year opportunities for AI-driven edge, video, and sensor and data management platform across all our customer verticals. Our pipeline includes opportunities at varying stages of progression with expected award timeframes throughout the next 18-24 months.
Due to the sensitive nature of many of our customers and deployment use cases, we are often restricted from publicly disclosing awards and or limited as to the specifics of the customer and use case. Consequently, most of our awards are executed on closed or restricted contract vehicles which further limits the sharing of information that might be otherwise available.
We grew our internal sales and sales engineering force, adding seasoned sales professionals with deep industry expertise, partner relationships, and customer knowledge that will allow us to ramp up quickly.
We participated in multiple customer facing tradeshows during the quarter including brand new industry wide and vertically focused shows where we had a significantly increased level of participation and or visibility as compared to historical participation.
As part of our transition to a partner driven sales model, we participated in several partner shows and events, including those sponsored by integrators and dealers, and those by manufacturers of hardware sensors and or solutions that we integrate with and manage for our customers.
We hosted our invite only government focused customer event outside Austin, TX, demonstrating and training on the latest in Airship AI developed and or supported solutions. This year’s focus was on solutions supporting challenges along the southern border and was well attended by agencies across the federal government.
On April 23, 2025, we entered into an At the Market Offering Agreement with Roth Capital Partners, LLC, as sales agent, pursuant to which we may, from time to time, offer and sell shares of our common stock up to a maximum of $25 million, which shares are registered on a registration statement that we filed with the U.S. Securities and Exchange Commission (the “SEC”), using a “shelf” registration process. Under this shelf registration process, we may offer to sell any of the securities, or any combination of the securities, described in this prospectus, in each case, in one or more offerings, up to $50 million.
On March 21, 2025, our shelf registration statement on Form S-3 for the sale of up to $50 million of our securities was declared effective by the SEC.

2025 Outlook

30% revenue growth and positive cash flow for calendar year 2025 supported by a strong and validated pipeline of ~$135 million, improving gross profit margins, and a strong recurring revenue model.
Make tactical and strategic investments across our sales and business development organizations through organic cash flow from business operations and the potential cash exercise of public warrants.
Release new Outpost AI product offerings as well as expand custom trained AI models supporting emerging edge analytic workflows.
Continue innovation across our core Acropolis software platform supporting new workflows for cloud-based deployments in highly secure operational environments.
Develop and execute expansionary opportunities in the commercial and retail markets, particularly around those companies involved in combating organized retail crime.
Improve sourcing, supply chain management and production-based process efficiencies to help drive continued margin expansion.
Focus on brand awareness and engagement in new verticals through targeted marketing outreach opportunities, social media platforms, Airship AI hosted technology events, and industry tradeshow events.

Management Commentary

“The first quarter of 2025 was largely overshadowed by the actions of the new administration as they worked to finalize the approval and release of budgets and special appropriations,” said Paul Allen, President of Airship AI. “In the face of these headwinds, our team was able to generate solid revenues for the quarter of $5.5 million at a gross margin percentage of 40%, while increasing our investments in our people and customers.

“As we worked to successfully execute awarded contracts in our current backlog, we dedicated significant time and resources to advancing pipeline opportunities. These efforts are positioning us to move quickly once budgets are approved and released. Based on current forecasts, we anticipate meaningful activity beginning mid-second quarter, with continued growth expected through the end of Q2 and into Q3.

“Simultaneously, many of our federal customers are projecting increased funding through supplemental appropriations. This has initiated a wave of market research discussions focused on potential solutions to address emerging mission needs. We anticipate that many of these conversations will evolve into tangible opportunities extending across the current and upcoming fiscal years.

“In the commercial segment, our strategic push into new market verticals, driven by partnerships with integrators and business collaborators, has been met with strong interest. Several early wins confirm both the market’s appetite for differentiated solutions and the soundness of our strategic investment in people and partners. This validation further supports continued investment to build on our momentum and drive sustained growth.

“These collected efforts have also affirmed that we are on the right track with our digital transformation strategy, focused squarely on how AI at the far and near edge can solve for our customers’ existing and emerging threats in the public safety and security space. Building on our existing investments in the AI Factory, we expect to launch several new products in 2025, including advanced computer vision analytics powered by machine learning and a Generative AI application that will transform how customers access and interact with their data.

“Finally, amid broader macroeconomic conditions, we are closely monitoring tariff developments. As a U.S.-based software company, we do not expect these tariffs to significantly impact our core business. In areas where we provide hardware solutions, such as our Outpost AI edge appliance, we work proactively with global suppliers to maintain optimal inventory levels. This approach helps us manage costs effectively and ensure timely, competitively priced delivery of our products and services.

“The combination of our strong existing pipeline focused on leveraging existing budgets, increased business development opportunities leveraging supplemental appropriations, and the investments in people and customers already made leaves us confident in our ability to execute against our stated objectives of 30% YoY revenue growth and achieving cash flow positive operations,” concluded Mr. Allen.

About Airship AI Holdings, Inc.

Founded in 2006, Airship AI (NASDAQ: AISP) is a U.S. owned and operated technology company headquartered in Redmond, Washington. Airship AI is an AI-driven video, sensor and data management surveillance platform that improves public safety and operational efficiency for public sector and commercial customers by providing predictive analysis of events before they occur and meaningful intelligence to decision makers. Airship AI’s product suite includes Outpost AI edge hardware and software offerings, Acropolis enterprise management software stack, and Command family of visualization tools.

For more information, visit https://airship.ai.

Forward-Looking Statements

The disclosure herein includes certain statements that are not historical facts but are forward-looking statements for purposes of the safe harbor provisions under the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements generally are accompanied by words such as “believe,” “may,” “will,” “estimate,” “continue,” “anticipate,” “intend,” “expect,” “should,” “would,” “plan,” “project,” “forecast,” “predict,” “potential,” “seem,” “seek,” “future,” “outlook,” and similar expressions that predict or indicate future events or trends or that are not statements of historical matters, but the absence of these words does not mean that a statement is not forward looking. These forward-looking statements include, but are not limited to, (1) statements regarding estimates and forecasts of financial, performance and operational metrics and projections of market opportunity; (2) changes in the market for Airship AI’s services and technology, expansion plans and opportunities; (3) the projected technological developments of Airship AI; and (4) current and future potential commercial and customer relationships. These statements are based on various assumptions, whether or not identified in this press release, and on the current expectations of Airship AI’s management and are not predictions of actual performance. These forward-looking statements are also subject to a number of risks and uncertainties, as set forth in the section entitled “Risk Factors” in its Annual Report on Form 10-K for the year ended December 31, 2024, filed with the SEC on February 28, 2025, and the other documents that the Company has filed, or will file, with the SEC. If any of these risks materialize or our assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. In addition, forward looking statements reflect the Company’s expectations, plans or forecasts of future events and views as of the date of this press release. The Company anticipates that subsequent events and developments will cause its assessments to change. However, while it may elect to update these forward-looking statements at some point in the future, the Company specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing the Company’s assessments as of any date subsequent to the date of this press release. Accordingly, undue reliance should not be placed upon the forward-looking statements.

Investor Contact:

Chris Tyson/Larry Holub
MZ North America
949-491-8235
AISP@mzgroup.us


AIRSHIP AI HOLDINGS, INC. CONDENSED CONSOLIDATED BALANCE SHEETS As of March 31, 2025 and December 31, 2024

	March 31, 2025			December 31, 2024 (1)
ASSETS	Unaudited

CURRENT ASSETS:
Cash and cash equivalents	$	8,812,178		$	11,414,830
Accounts receivable, net of allowance for credit losses of $0		2,782,650			1,226,757
Prepaid expenses and other		67,311			17,883
Total current assets		11,662,139			12,659,470

OTHER ASSETS
Other assets		165,960			165,960
Operating lease right of use asset		1,102,967			882,024

TOTAL ASSETS	$	12,931,066		$	13,707,454

LIABILITIES AND STOCKHOLDERS’ DEFICIT

CURRENT LIABILITIES:
Accounts payable – trade	$	2,179,847		$	759,480
Advances from founders		700,000			1,300,000
Accrued expenses		60,551			51,649
Current portion of operating lease liability		405,916			305,178
Deferred revenue- current portion		2,948,695			3,238,483
Total current liabilities		6,295,009			5,654,790

NON-CURRENT LIABILITIES:
Operating lease liability, net of current portion		758,376			638,525
Warrant liability		18,659,435			34,180,618
Earnout liability		8,199,079			23,304,808
Deferred revenue- non-current		2,528,716			2,951,850
Total liabilities		36,440,615			66,730,591

COMMITMENTS AND CONTINGENCIES (Note 9)

STOCKHOLDERS’ DEFICIT:
Preferred stock – no par value, 5,000,000 shares authorized, 0 shares issued and outstanding as of March 31, 2025 and December 31, 2024		–			–
Common stock – $0.0001 par value, 200,000,000 shares authorized, 31,844,471 and 30,588,413 shares issued and outstanding as of March 31, 2025 and December 31, 2024		3,182			3,056
Additional paid in capital		27,731,753			21,918,867
Accumulated deficit		(51,233,605	)		(74,941,590	)
Accumulated other comprehensive loss		(10,879	)		(3,470	)
Total stockholders’ deficit		(23,509,549	)		(53,023,137	)

TOTAL LIABILITIES AND STOCKHOLDERS’ DEFICIT	$	12,931,066		$	13,707,454


AIRSHIP AI HOLDINGS, INC. CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) For the three months ended March 31, 2025 and 2024 (Unaudited)

	Three Months Ended
	March 31, 2025			March 31, 2024
	Unaudited			Unaudited
NET REVENUES:
Product	$	4,497,240		$	9,398,776
Post contract support		998,051			1,176,239
Other services		7,737			–
		5,503,028			10,575,015
COST OF NET REVENUES:
Cost of Sales		2,923,087			7,789,409
Post contract support		312,021			157,479
Other services		32,916			–
		3,268,024			7,946,888
GROSS PROFIT		2,235,004			2,628,127
RESEARCH AND DEVELOPMENT EXPENSES		719,382			695,366
SELLING, GENERAL AND ADMINISTRATIVE EXPENSES		3,229,979			3,335,294
TOTAL OPERATING EXPENSES		3,949,361			4,030,660
OPERATING LOSS		(1,714,357	)		(1,402,533	)
OTHER INCOME (EXPENSE) :
Gain (loss) from change in fair value of earnout liability		9,823,605			(21,484,850	)
Gain (loss) from change in fair value of warrant liability		15,521,183			(6,847,091	)
Loss from change in fair value of convertible debt		–			(2,039,377	)
Loss on note conversion		–			(158,794	)
Interest income (expense), net		77,554			(31,824	)
Total other income (expense), net		25,422,342			(30,561,936	)

INCOME (LOSS) BEFORE PROVISION FOR INCOME TAXES		23,707,985			(31,964,469	)

Provision for income taxes		–			–

NET INCOME (LOSS)		23,707,985			(31,964,469	)

OTHER COMPREHENSIVE (LOSS) INCOME
Foreign currency translation (loss) income, net		(7,409	)		3,239

TOTAL COMPREHENSIVE INCOME (LOSS)	$	23,700,576		$	(31,961,230	)

NET INCOME (LOSS) PER SHARE:
Basic	$	0.75		$	(1.40	)
Diluted	$	0.61		$	(1.40	)

Weighted average shares of common stock outstanding
Basic		31,704,117			22,898,487
Diluted		38,820,839			22,898,487


AIRSHIP AI HOLDINGS, INC. CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS For the three months ended March 31, 2025 and 2024 (Unaudited)

	Three Months Ended
	March 31, 2025			March 31, 2024
	Unaudited			Unaudited
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income (loss)	$	23,707,985		$	(31,964,469	)
Adjustments to reconcile net income (loss) to net cash used in operating activities
Depreciation and amortization		–			1,861
Stock-based compensation		428,286			268,989
Amortization of operating lease right of use asset		83,396			80,291
(Gain) loss from change in fair value of warrant liability		(15,521,183	)		6,847,091
(Gain) loss from change in fair value of earnout liability		(9,823,605	)		21,484,850
Loss from change in fair value of convertible note		–			2,039,377
Loss on note conversion		–			158,794
Changes in operating assets and liabilities:
Accounts receivable		(1,555,893	)		(55,525	)
Prepaid expenses and other		(49,428	)		2,010
Other assets		–			1,901
Operating lease liability		(83,750	)		(67,211	)
Payroll and income tax receivable		–			(2,410	)
Accounts payable – trade and accrued expenses		1,429,270			433,415
Deferred revenue		(712,922	)		(924,048	)
NET CASH USED IN OPERATING ACTIVITIES		(2,097,844	)		(1,695,084	)

CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from warrant exercise, net		59,400			293,249
Repayment of advances from founders		(600,000	)		–
Proceeds from stock option exercises		43,201			–

NET CASH (USED IN) PROVIDED BY FINANCING ACTIVITIES		(497,399	)		293,249

NET DECREASE IN CASH AND CASH EQUIVALENTS		(2,595,243	)		(1,401,835	)

Effect from exchange rate on cash		(7,409	)		3,239

CASH AND CASH EQUIVALENTS, beginning of period		11,414,830			3,124,413

CASH AND CASH EQUIVALENTS, end of period	$	8,812,178		$	1,725,817

Supplemental disclosures of cash flow information:
Interest paid	$	–		$	–
Taxes paid	$	–		$	2,410

Noncash investing and financing
Issuance of common stock for debt conversion	$	–		$	835,610
Issuance of common stock for earnout shares	$	5,282,125		$	–
Recognition of operating right-of-use asset	$	304,339		$	–
Recognition of operating lease liability	$	304,339		$	–

The MIL Network –

May 16, 2025

MIL-OSI: CEA Industries Inc. Reports First Quarter 2025 Results

Source: GlobeNewswire (MIL-OSI)

Louisville, Colorado, May 15, 2025 (GLOBE NEWSWIRE) — CEA Industries Inc. (NASDAQ: CEAD, CEADW) (“CEA Industries” or the “Company”), is reporting results for the three months ended March 31, 2025.

First Quarter 2025 Financial Summary (in $ thousands, excl. margin items):

	*Q1 2025* *(unaudited)*			*Q4 2024* *(unaudited)*			*Q1 2024* *(unaudited)*
Revenue	$	713		$	417		$	235
Gross Profit (Loss)	$	39		$	(175	)	$	(154	)
Operating Expenses	$	1,113		$	850		$	769
Net Income/(Loss)	$	(1,069	)	$	(1,019	)	$	(917	)

“We continue to uphold our lean operating model, emphasizing disciplined expense management and capital preservation as we support our pending acquisition and work through our remaining backlog,” said Tony McDonald, Chairman and CEO of CEA Industries. “Excluding acquisition-related costs, we minimized our operating expenses through headcount reductions, the elimination of product development costs and reduced advertising and marketing spend, with the goal of preserving our balance sheet and minimizing cash burn.”

“We are also making continued progress toward completing our acquisition of Fat Panda and remain enthusiastic about the strategic opportunity it presents. This transaction marks a significant milestone in our transformation strategy, providing a pathway into the high growth vape industry through Fat Panda’s established leadership, expansive retail presence, vertically integrated infrastructure, and experienced management team. Their consistent growth and strong margin profile positions us well to drive sustainable value creation. We look forward to sharing additional updates as we work toward closing the transaction.”

First Quarter 2025 Financial Results

Revenue in the first quarter of 2025 increased to $0.7 million compared to $0.2 million for the same period in 2024. The increase was primarily attributed to greater net bookings and higher revenue recognition from the Company’s backlog.

Net bookings in the first quarter of 2025 increased to $1.0 million compared to $0.3 million in the year-ago period. The Company’s quarter-end backlog increased to $0.8 million compared to $0.5 million for the same period in 2024.

Gross profit in the first quarter of 2025 increased to $39,000 compared to a gross loss of $154,000 for the same period in 2024. The improvement in gross profit was primarily driven by higher revenue and fixed costs becoming a smaller percentage of revenue. Fixed costs include the cost of services, engineering, manufacturing, and project management.

Operating expenses in the first quarter of 2025 were $1.1 million compared to $0.8 million for the same period in 2024. The increase in operating expenses was primarily due to acquisition-related expenses.

Net loss in the first quarter of 2025 was $1.1 million or $(1.33) per share, compared to a net loss of $0.9 million or $(1.34) per share for the same period in 2024.

Cash and cash equivalents were $8.7 million at March 31, 2025, compared to $9.5 million on December 31, 2024, while working capital decreased by $1.0 million during this period. At March 31, 2025, the Company remained debt free.

About CEA Industries Inc.

CEA Industries Inc. (www.ceaindustries.com) provides a suite of complementary and adjacent offerings to the controlled environment agriculture industry. The Company’s comprehensive solutions, when aligned with industry operators’ product and sales initiatives, support the development of the global ecosystem for indoor cultivation.

Forward Looking Statements

This press release may contain statements of a forward-looking nature relating to future events. These forward-looking statements are subject to the inherent uncertainties in predicting future results and conditions. These statements reflect our current beliefs, and a number of important factors could cause actual results to differ materially from those expressed in this press release, including the factors set forth in “Risk Factors” set forth in our annual and quarterly reports filed with the Securities and Exchange Commission (“SEC”), and subsequent filings with the SEC. Please refer to our SEC filings for a more detailed discussion of the risks and uncertainties associated with our business, including but not limited to the risks and uncertainties associated with our business prospects and the prospects of our existing and prospective customers; the inherent uncertainty of product development; regulatory, legislative and judicial developments, especially those related to changes in, and the enforcement of, cannabis laws; increasing competitive pressures in our industry; and relationships with our customers and suppliers. Except as required by the federal securities laws, we undertake no obligation to revise or update any forward-looking statements, whether as a result of new information, future events or otherwise. The reference to CEA’s website has been provided as a convenience, and the information contained on such website is not incorporated by reference into this press release.

Non-GAAP Financial Measures

To supplement our financial results on U.S. generally accepted accounting principles (“GAAP”) basis, we use non-GAAP measures including net bookings and backlog, as well as other significant non-cash expenses such as stock-based compensation and depreciation expenses. We believe these non-GAAP measures are helpful in understanding our past performance and are intended to aid in evaluating our potential future results. The presentation of these non-GAAP measures should be considered in addition to our GAAP results and are not intended to be considered in isolation or as a substitute for financial information prepared or presented in accordance with GAAP. We believe these non-GAAP financial measures reflect an additional way to view aspects of our operations that, when viewed with our GAAP results, provide a more complete understanding of factors and trends affecting our business.

Investor Contact:

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

CEA Industries Inc.
Condensed Consolidated Balance Sheets
(in US Dollars except share numbers)

	March 31,			December 31,
	2025			2024
		(Unaudited)			(Audited)
ASSETS
Current Assets
Cash and cash equivalents	$	8,707,353		$	9,452,826
Accounts receivable, net		56,844			13,041
Contract assets, net		234,328			234,328
Inventory, net		20,283			25,980
Prepaid expenses and other		179,258			368,068
Total Current Assets		9,198,066			10,094,243
Noncurrent Assets
Property and equipment, net		4,566			5,698
Intangible assets, net		1,830			1,830
Deposits		14,747			14,747
Operating lease right-of-use asset		216,891			245,270
Total Noncurrent Assets		238,034			267,545

TOTAL ASSETS	$	9,436,100		$	10,361,788

LIABILITIES AND SHAREHOLDERS’ EQUITY

LIABILITIES
Current Liabilities
Accounts payable and accrued liabilities	$	514,962		$	550,477
Deferred revenue		474,679			343,790
Current portion of operating lease liability		137,875			135,651
Total Current Liabilities		1,127,516			1,029,918

Noncurrent Liabilities
Operating lease liability, net of current portion		101,314			134,147
Total Noncurrent Liabilities		101,314			134,147

TOTAL LIABILITIES		1,228,830			1,164,065

Commitments and Contingencies (Note 9)		–			–

SHAREHOLDERS’ EQUITY
Preferred stock, $0.00001 par value; 25,000,000 shares authorized; 0 shares issued and outstanding		–			–
Common stock, $0.00001 par value; 200,000,000 authorized; 802,346 and 793,109 shares issued and outstanding, respectively		8			8
Additional paid in capital		49,612,075			49,533,950
Accumulated deficit		(41,404,813	)		(40,336,235	)
Total Shareholders’ Equity		8,207,270			9,197,723

TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	$	9,436,100		$	10,361,788

CEA Industries Inc.
Condensed Consolidated Statements of Operations
(in US Dollars except share numbers)
(Unaudited)

	For the Three Months Ended March 31,
	2025			2024
Revenue	$	713,460		$	234,506

Cost of revenue		674,173			388,881

Gross profit (loss)		39,287			(154,375	)

Operating expenses:
Advertising and marketing expenses		2,968			9,324
Selling, general and administrative expenses		1,110,156			760,110
Total operating expenses		1,113,124			769,434

Operating loss		(1,073,837	)		(923,809	)

Other income :
Interest income, net		5,259			7,206
Total other income		5,259			7,206

Loss before provision for income taxes		(1,068,578	)		(916,603	)

Income taxes		–			–

Net loss	$	(1,068,578	)	$	(916,603	)

Loss per common share – basic and diluted	$	(1.33	)	$	(1.34	)

Weighted average number of common shares outstanding, basic and diluted		802,229			684,328

CEA Industries Inc.
Condensed Consolidated Statements of Cash Flows
(in US Dollars except share numbers)
(Unaudited)

	For the Three Months Ended March 31,
	2025			2024
Cash Flows From Operating Activities:
Net loss	$	(1,068,578	)	$	(916,603	)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and intangible asset amortization expense		1,132			6,914
Share-based compensation		78,125			76,969
Provision for doubtful accounts (bad debt recovery)		(33	)		(34,566	)
Provision for excess and obsolete inventory		(14,847	)		38,360
Loss on disposal of assets		–			12,625
Operating lease expense		28,379			27,317

Changes in operating assets and liabilities:
Accounts receivable		(43,770	)		33,096
Inventory		20,544			12,151
Prepaid expenses and other		188,811			85,600
Accounts payable and accrued liabilities		(35,515	)		(262,849	)
Deferred revenue		130,888			40,156
Operating lease liability, net		(30,609	)		(28,585	)
Net cash used in operating activities		(745,473	)		(909,415	)

Cash Flows From Investing Activities
Net cash provided by investing activities		–			–

Cash Flows From Financing Activities
Net cash provided by financing activities		–			–

Net change in cash and cash equivalents		(745,473	)		(909,415	)
Cash and cash equivalents, beginning of period		9,452,826			12,508,251
Cash and cash equivalents, end of period	$	8,707,353		$	11,598,836

Supplemental cash flow information:
Interest paid	$	–		$	–
Income taxes paid	$	–		$	–

The MIL Network –

May 16, 2025

MIL-OSI: AleAnna, Inc. Reports First Quarter 2025 Results

Source: GlobeNewswire (MIL-OSI)

First Quarter 2025 and Recent Company Highlights:

AleAnna reported basic and diluted net loss per common share of ($0.05) for the quarter ended March 31, 2025, compared with ($3.41) for the same period in 2024.
AleAnna ended the quarter with cash and cash equivalents of approximately $27.8 million

DALLAS, May 15, 2025 (GLOBE NEWSWIRE) — AleAnna, Inc. (“AleAnna” or “the Company”) (NASDAQ: ANNA) today announced financial results for the first quarter of 2025. While revenue from Longanesi field production was not recognized during the quarter, in May 2025 AleAnna achieved first sales and the Company expects to report revenue from the Longanesi field as a part of second quarter results.

For the first quarter 2025, AleAnna reported net loss of $2.0 million. This amounts to a basic and diluted net loss per common share of ($0.05), compared with ($3.41) net loss per common share recorded by the Company in the first quarter 2024.

As of March 31, 2025, AleAnna had cash and cash equivalents of $27.8 million, providing the necessary liquidity to support development activities and pursue strategic opportunities.

Management Commentary

Marco Brun, Chief Executive Officer, remarked on AleAnna’s recent accomplishments: “We continue to execute on our business strategy and are encouraged by the initial performance at the Longanesi field. Although first quarter results did not include revenue from Longanesi, with the onset of sales in early May 2025 we expect to report revenue in our second quarter results. With a healthy balance sheet and growing operational momentum, we’re focused on delivering long-term value to our shareholders.”

About AleAnna

AleAnna is a technology-driven energy company focused on bringing sustainability and new supplies of low-carbon natural gas and RNG to Italy, aligning traditional energy operations with renewable solutions, with developments like the Longanesi field leading the way in supporting a responsible energy transition. With three conventional gas discoveries in Italy already made and with a potential of up to fourteen new natural gas exploration projects that could be initiated this decade, our goal is to play a pivotal role in Italy’s energy transition. Italy’s extensive infrastructure, featuring 33,000 kilometers of gas pipelines, three major gas storage facilities, and a strong base of existing RNG facilities, aligns with AleAnna’s commitment to sustainability. AleAnna’s RNG projects’ portfolio includes three plants under development and almost 100 potential projects that would represent up to a €1.1 billion potential investment in the next few years. AleAnna operates regional headquarters in Dallas, Texas, and Rome, Italy.

Forward-Looking Statements

This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of present or historical fact included in this press release, regarding AleAnna’s expectations and future financial performance, the Company’s strategy, future operations, financial position, prospective plans, goals, and objectives are forward-looking statements. When used herein, including any statements made in connection herewith, the words “could,” “should,” “will,” “may,” “believe,” “anticipate,” “intend,” “plan,” “potential,” “goal,” “focus,” “estimate,” “expect,” “project,” the negative of such terms and other similar expressions are forward-looking statements. However, not all forward-looking statements contain such identifying words. Forward-looking statements are neither historical facts nor assurances or guarantees of future performance. Instead, they are based only on AleAnna’s current beliefs, expectations and assumptions regarding the future of its business, future plans and strategies, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of AleAnna’s control. As a result, these factors could cause AleAnna’s actual results and financial condition to differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements, which speak only as of the date made. Except as otherwise required by applicable law, the Company disclaims any duty to update any forward-looking statements, all of which are expressly qualified by the statements in this section, to reflect events or circumstances after the date hereof. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include, but are not limited to, those under “Risk Factors” in AleAnna’s Form 10-K filed with the SEC on March 31, 2025, as well as general economic conditions; AleAnna’s need for additional capital and ability to obtain any required capital; political, general economic, financial and legal conditions; changes in domestic and foreign markets; risks associated with the implementation of AleAnna’s business strategy and the ability to execute on AleAnna’s business strategy; timing of any business milestones; and changes in the regulatory environment in which AleAnna operates. Additional information concerning these and other factors that may impact AleAnna’s expectations and projections can be found in filings it makes with the SEC, and other documents filed or to be filed with the SEC by AleAnna. SEC filings are available on the SEC’s website at www.sec.gov. Except as otherwise required by applicable law, AleAnna disclaims any duty to update any forward-looking statements, all expressly qualified by the statements in this section, to reflect events or circumstances after the date hereof.

Investor Relations Contact
Bill Dirks
wkdirks@aleannagroup.com

Website
https://www.aleannainc.com/

Source: AleAnna, Inc.

ALEANNA, INC.
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS (unaudited)
FOR THE THREE MONTHS ENDED MARCH 31, 2025 AND MARCH 31, 2024

	For the Three Months Ended March 31,
	2025			2024

Revenues	$	644,600		$	–

Operating expenses:
Cost of revenues	$	838,395		$	–
General and administrative		3,324,845			2,018,524
Depreciation		73,106			–
Accretion of asset retirement obligation		33,505			33,311
Total operating expenses		4,269,850			2,051,835

Operating loss		(3,625,250	)		(2,051,835	)

Other income:
Interest and other income		237,605			289,337
Change in fair value of derivative liability		–			173,177
Total other income		237,605			462,514

Loss before income taxes		(3,387,646	)		(1,589,321	)
Income tax benefit		48,276			–
Net loss		(3,339,370	)		(1,589,321	)
Deemed dividend to Class 1 Preferred Units redemption value		–			(112,673,176	)
Net loss attributable to noncontrolling interests		1,333,231			–
Net loss attributable to Class A Common stockholders or holders of Common Member Units	$	(2,006,139	)	$	(114,262,497	)

Other comprehensive loss
Currency translation adjustment		1,139,303			113,872
Comprehensive loss		(2,200,067	)		(1,475,449	)
Comprehensive loss attributable to noncontrolling interests		1,333,231			–
Total comprehensive loss attributable to Class A Common stockholders or holders of Common Member Units	$	(866,836	)	$	(1,475,449	)

Weighted average shares of Class A Common Stock outstanding, basic and diluted		40,564,475			33,467,205
Net loss per share of Class A Common Stock, basic and diluted	$	(0.05	)	$	(3.41	)

ALEANNA, INC.
CONDENSED CONSOLIDATED BALANCE SHEETS
AS OF MARCH 31, 2025 (unaudited) AND DECMBER 31, 2024

	March 31, 2025			December 31, 2024
ASSETS
Current Assets:
Cash and cash equivalents	$	27,810,160		$	28,330,159
Accounts receivable		402,874			1,225,297
Prepaid expenses and other assets		987,414			1,666,155
Total Current Assets		29,200,448			31,221,611

Non-current assets:
Natural gas and other properties, successful efforts method		34,794,734			33,979,014
Renewable natural gas properties, net of accumulated depreciation of $209,009 and $132,094, respectively		9,592,268			9,296,039
Value-added tax refund receivable		6,578,604			6,845,030
Operating lease right-of-use assets		1,777,356			1,744,897
Deferred tax assets		48,276			–
Total Non-current Assets		52,791,238			51,864,980
Total Assets	$	81,991,686		$	83,086,591

LIABILITIES AND STOCKOLDERS’ EQUITY
Current Liabilities:
Accounts payable and accrued expenses	$	1,980,897		$	2,204,208
Lease liability, short-term		174,127			163,865
Total Current Liabilities		2,155,024			2,368,073

Non-current Liabilities:
Asset retirement obligation		4,409,230			4,375,919
Lease liability, long-term		1,601,573			1,579,443
Contingent consideration liability, long-term		25,980,832			24,994,315
Total Non-current Liabilities		31,991,635			30,949,677
Total Liabilities		34,146,659			33,317,750

Commitments and Contingencies (Note 6)

Stockholders’ Equity:
Class A Common Stock, par value $0.0001 per share, 150,000,000 shares authorized, 40,584,455 and 40,560,433 shares issued and outstanding as of March 31, 2025 and December 31, 2024		4,058			4,056
Class C Common Stock, par value $0.0001 per share, 70,000,000 shares authorized, 25,994,400 shares issued and outstanding as of March 31, 2025 and December 31, 2024		2,599			2,599
Additional paid-in capital		226,998,675			226,722,424
Accumulated other comprehensive loss		(5,109,054	)		(5,803,378	)
Accumulated deficit		(193,054,092	)		(191,047,953	)
Noncontrolling interest		19,002,841			19,891,093
Total Stockholders’ Equity		47,845,027			49,768,841
Total Liabilities and Stockholders’ Equity	$	81,991,686		$	83,086,591

The MIL Network –

May 16, 2025

MIL-OSI USA: Welch Denounces Republicans’ Proposed Cuts to Health CareTax Credits

US Senate News:

Source: United States Senator Peter Welch (D-Vermont)
Access to health care at risk for Vermonters as Republicans advance legislation that will gut the Affordable Care Act
WASHINGTON, D.C. — U.S. Senator Peter Welch (D-Vt.) today urged Congressional Republicans to abandon their disastrous proposed budget plan which would limit Affordable Care Act (ACA) Premium Tax Credits. These credits help low- and moderate-income Vermonters access health coverage.
In 2024, nearly 27,000 Vermonters received ACA Premium Tax Credits to pay for plans provided through the Affordable Care Act marketplace. Without Congressional action, these tax credits will expire on December 31, 2025, resulting in rate increases and pushing affordable health care out of reach for thousands of Vermonters.
“We need to do everything possible to remove barriers that prevent Vermonters from accessing affordable health coverage, but that’s the opposite of what Republicans have proposed in their disastrous budget blueprint. These Republican cuts would slash Medicaid and Affordable Care Act Premium Tax Credits, making it incredibly challenging to access affordable health care and devastating our state’s already strained health care system,” said Senator Welch. “We should be extending these tax credits—not getting rid of them them.”
This week, the Green Mountain Care Board (GMCB) of Vermont received the 2026 individual and small group health insurance premium rate filings from BlueCross and BlueShield of Vermont and MVP Health Plan. The average rate increases being requested can be found here.
Final decisions are expected to be issued in August.
Vermonters are encouraged to attend GMCB’s Public Comment Forum on Thursday, July 24, to share their perspectives on how these cuts would impact their ability to access health care. Additional information on these events will be posted to the GMCB website.
Senator Welch has championed bipartisan initiatives to protect Medicaid and lower prescription drug prices for Vermonters. Today, he joined Leader Chuck Schumer (D-N.Y.), Senators Amy Klobuchar (D-Vt.), Tammy Baldwin (D-Wis.), Tina Smith (D-Minn.), Angela Alsobrooks (D-Md.) and Protect Our Care for an event slamming House Republicans for advancing a budget that will hike health care costs, close rural hospitals, and threaten access to care for millions of seniors, children, and people living with disabilities.
Earlier this week, Senator Welch joined Senate Democratic Leader Chuck Schumer (D-N.Y.), Finance Committee Ranking Member Ron Wyden (D-Ore.), and Senator Maggie Hassan (D-N.H.) for a press conference condemning the Republican budget and cuts to Medicaid.
Additionally, Republicans are raising premiums and out-of-pocket costs for tens of millions of people who buy coverage on their own.

MIL OSI USA News –

May 16, 2025
MIL-OSI USA: SCHUMER REVEALS: TUCKED AWAY IN TRUMP’S TAX BILL IS SECTION TO RIP AWAY $100+ MILLION GRANT FROM BUFFALO FOR BAILEY AVENUE TRANSFORMATION; SCHUMER SAYS ‘HELL NO!’ TO TAKING $$ FROM BUFFALO TO PAY FOR…

US Senate News:

Source: United States Senator for New York Charles E Schumer
Under-The-Radar Section Of Trump’s New Bill With Tax Breaks For Billionaires & Corporations, Being Rushed By House Republicans Right Now, Includes Section To Claw Back Funding From Grant Program That Provided Whopping $100+ Million To Buffalo’s Bailey Avenue To Overhaul One Of Cities Busiest Bus Routes, Improve Safety, Reduce Traffic, And Build New More Walkable, Bikeable Streets
Senator Says Funding, Which Comes From Inflation Reduction Act He Championed, Was Set To Be Game Changer For Buffalo, But Now Trump Wants To Rip That All Away To Pay For His Tax Cuts For Billionaires, And Schumer Is Demanding Western NY House Republicans Block This Bill From Advancing
Schumer: Trump Wants His Billionaire Tax Breaks Paid For With Money For Worthy Projects Like Buffalo’s Bailey Avenue Overhaul? Hell No! Every Western NY Republican Should Demand This Be Reversed Now
As House Republicans rush to try to pass Trump’s devastating plan to give tax breaks to billionaires and corporations while slashing programs like Medicaid & SNAP, U.S. Senator Chuck Schumer today revealed that tucked away in an under-the-radar provision in the transportation section of the bill is a proposal to claw back grants from the Neighborhood Access and Equity program, which would include the $100+ million award for Buffalo’s Bailey Avenue transformation project. Schumer said this is outrageous and is demanding Western NY House Republicans join him and stand up to Trump and block this plan from going forward.
“If Trump and House Republicans thought they could quietly rip away over $100 million in funding for Buffalo’s transportation, they are in for a rude awakening. This project creates jobs, increases traffic flow and safety and boosts the local economy; it makes zero sense to defund it. Right now, Trump and House Republicans want their tax breaks for billionaires & corporations paid for by stealing money out of Buffalo’s pockets meant to fix Bailey Avenue. I say hell no, and everyone in Western NY should be outraged at this backwards proposal,” said Senator Schumer. “Bailey Avenue is the spine of the East Side and one of Buffalo’s busiest corridors. Everyone in Buffalo knows how badly it needs to be upgraded to improve safety and fix traffic. Instead of trying to bring back Bailey Avenue, House Republicans are proposing to throw up a giant and unwelcome roadblock. The community was thrilled and I was so proud to deliver this funding for Buffalo last year, and now House Republicans are pulling the rug out from Western NY.”
Schumer added, “Trump would rather billionaires get more money in their bank account than safer streets in Buffalo. We need Western NY’s House Republicans to join us and stand up and block this plan to claw back these grants is reversed. Billionaire tax breaks should not be paid for on the backs of Buffalonians.”
“Bailey Avenue is one of Buffalo’s busiest main roads, spanning the length of the city from north to south, and it is in dire need of improvement,” said Congressman Kennedy. “During my time in the New York State Senate, I secured $3 million to fund the planning process for Bailey Bus Rapid Transit, and that helped unlock more than $100 million in federal funds. I refuse to stand by idly and watch this transformational investment be ripped away from our community to pay for tax cuts for the ultra-wealthy. This money was rightfully awarded, and we will hold the administration to account.”
“This funding matters beyond just a bus line. This project is not just about convenience, but it’s about ensuring that everyone, regardless of income or background, has fair access to the jobs, education, healthcare, and resources that transit can unlock. This project amplifies the voice of the community to bring to the forefront the development needs of the surrounding neighborhood. This project is paramount in fostering inclusive growth and community well-being on the East Side. We thank Senator Schumer for his unprecedented efforts and commitment to the East Side. Enough is enough,” said Essence Sweat, Executive Director, East Buffalo Development Corp.
Earlier this month, the House Republican-led Transportation and Infrastructure Committee passed their section of the tax plan, which included repealing billions for projects through the Neighborhood Access and Equity program created in the historic Inflation Reduction Act Schumer led to passage in the Senate. If this bill were to pass as written, it would claw back nearly the entire grant for Buffalo, imperiling the future of the project which was expecting this substantial federal investment that Buffalo competed for and was awarded.
Last year, Schumer delivered over $100 million in federal funding through this program to modernize Bailey Avenue with new safer streets for all commuters, increasing walkability and bike ability, while also improving traffic flow along the corridor by establishing a new low-no emission Bus Rapid Transit line with dedicated bus lanes.
The Bailey Avenue Bus Rapid Transit project is intended to help overhaul one of the Niagara Frontier Transportation Authority’s (NFTA) busiest bus routes, with new modern safer streets and better transportation infrastructure to help reconnect communities and businesses along the corridor. Bailey Avenue has some of the NFTA’s strongest ridership with 2,600+ riders every weekday, but it is in desperate need of upgrades to its bus stop infrastructure, road striping, pedestrian crosswalks and road safety features. According to an NFTA study, in the past 5 years on Bailey Avenue there have been over 2,500 collisions. While the community has long expressed a strong desire for increased affordable transportation along Bailey Avenue, without robust federal funding the project likely could not have happened.
The $100+ million grant that House Republicans put on the chopping block would support the design and construction of a Bus Rapid Transit line and fund the safety improvements along the entire 7.5 mile length of Bailey Avenue from Main Street to South Park. This funding will help to improve and modernize bus service on Bailey Avenue to include features such as dedicated bus lanes, transit signal priority, increased pedestrian and bike safety features, as well as an estimated thirteen stations to provide more comfortable waiting areas to transit riders and facilitate connections to east-west bus routes and other transportation modes.

MIL OSI USA News –

May 16, 2025
MIL-OSI Security: South Florida Tax Preparer, Two Others Charged with Conspiring to Defraud Covid-19 Relief Program

Source: United States Department of Justice (National Center for Disaster Fraud)

MIAMI –The last of three defendants made his initial appearance in Miami federal court yesterday to face an indictment charging the men with conspiracy to commit wire fraud while scheming to fraudulently obtain Paycheck Protection Program (PPP) loans.

PPP loans were intended to provide economic relief to small businesses during the Covid-19 pandemic. According to the allegations in the indictment, between May 2020 and March 2021, Guillermo Lopez Carrazana, Christian Mendoza, and Max Alberto Mera Ulloa, all residents of Miami-Dade County, conspired to submit over 165 false and fraudulent PPP loan applications to the U.S. Small Business Administration (SBA), which administered the emergency relief program under the CARES Act. The PPP was designed to help businesses maintain payroll and cover essential expenses during the pandemic. It is alleged that the defendants received $6.5 million in COVID relief money through the fraud.

It is alleged that Carrazana, Mendoza (a tax preparer) and Ulloa owned and operated various businesses, including G LUX LLC, Global Tax & Accounting Group Corp, CM Logistics Systems LLC and Max Mera Corporation. Along with others, the defendants allegedly submitted fraudulent loan applications that misrepresented payroll and employee information to obtain large sums of money under false pretenses.

The indictment further alleges that the defendants engaged in a kickback scheme, offering and receiving payments in exchange for referring additional individuals to participate in the fraudulent loan applications. It is also alleged that the defendants and the other fraudsters did not use the proceeds of the PPP loans for their intended purpose, instead they used the funds to enrich themselves.

U.S. Attorney Hayden P. O’Byrne for the Southern District of Florida, Special Agent in Charge Brett D. Skiles of the FBI, Miami Field Office, and Special Agent in Charge Emmanuel Gomez of the IRS Criminal Investigation (IRS-CI), Miami Field Office made the announcement.

FBI Miami and IRS-CI, Miami Field Office are investigating the case. Assistant U.S. Attorney Roger Cruz is prosecuting the case.

An indictment is merely an allegation. All defendants are presumed innocent unless and until proven guilty beyond a reasonable doubt in a court of law.

Related court documents and information may be found on the website of the District Court for the Southern District of Florida at www.flsd.uscourts.gov or at http://pacer.flsd.uscourts.gov under case number 25-cr-20178.

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MIL Security OSI –

May 16, 2025
MIL-OSI Security: Second Owner of Local Real Estate Investment Company Pleads Guilty for Role in Fraud Conspiracy

Source: Office of United States Attorneys

PORTLAND, Ore.—The owner of a local real estate investment company pleaded guilty today for his role in an $18 million fraud scheme, joining his business partner and co-owner of the company who pleaded guilty in March 2025.

Robert D. Christensen, 55, of Sherwood, Oregon, pleaded guilty to conspiracy to commit wire fraud and money laundering.

Previously, on March 11, 2025, Christensen’s partner and co-owner of the investment company, Anthony M. Matic, 55, of Damascus, Oregon, also pleaded guilty to conspiracy to commit wire fraud.

According to court documents, from approximately January 2019 through June 2023, Christensen and Matic devised and carried out a scheme wherein they convinced individual investors to fund the purchase and renovation of undervalued residential real estate properties. After renovating the properties, Christensen and Matic claimed they would rent the properties to generate income and then refinance them to extract their increased value from the renovations. The pair further misled investors into believing they would be repaid their full principal investment along with interest as high as eight to fifteen percent and a large lump sum payout, all within periods as short as 30 to 90 days.

Christensen and Matic’s scheme failed to generate the promised returns almost immediately and they began using new investments to repay earlier investors to keep their business afloat. When they were unable to raise enough money from new investors, Christensen and Matic devised a separate scheme to defraud commercial lenders. By December 2020, the pair began submitting loan applications with false financial information to different commercial lenders and, based on their misrepresentations, received millions of dollars in loans.

In total, Christensen and Matic’s two schemes defrauded individual investors out of more than $11 million and commercial lenders out of more than $7 million.

Conspiracy to commit wire fraud is punishable by up to 20 years in federal prison and three years’ supervised release. Money laundering in punishable by up to 10 years in federal prison and three years’ supervised release. Both charges may also result in fines of up to $250,000 or twice the gross gains or losses resulting from the offense.

Christensen and Matic will both be sentenced on October 14, 2025.

This case was investigated by the FBI and IRS Criminal Investigation. It is being prosecuted by Assistant U.S. Attorney Robert Trisotto.

MIL Security OSI –

May 16, 2025
MIL-OSI: Sword Group: Notification of Threshold Crossing
Source: GlobeNewswire (MIL-OSI)

By letter received on May 13, 2025, the simplified joint-stock company Indépendance AM (20 avenue Franklin D. Roosevelt, 75008 Paris), acting on behalf of funds under its management, declared that on May 8, 2025, it had crossed upwards the thresholds of 5% of the share capital and voting rights of Sword Group. It stated that it holds, on behalf of the aforementioned funds, 512,929 Sword Group shares, representing the same number of voting rights, i.e., 5.37% of the company’s share capital and voting rights (i).

This threshold crossing results from the acquisition of Sword Group shares on the market.

(i) Based on a share capital consisting of 9,544,965 shares representing the same number of voting rights, in accordance with the second paragraph of Article 223-11 of the General Regulation.

Agenda
24/07/25 Publication of Q2 2025 Revenue
10/09/25 H1 2025 Financial Meeting | 10:00 am

About Sword Group
Sword has 3,500+ IT/Digital specialists active in 50+ countries to accompany you in the growth of your organisation in the digital age.
As a leader in technological and digital transformation, Sword has a solid reputation in complex IT & business project management.
Sword optimises your processes and enhances your data.

Contact: investorrelations@sword-group.lu

Attachment
- SwordGroup_Threshold Crossing Declaration V15052025
The MIL Network –
May 16, 2025
MIL-OSI USA: Hawley, Shaheen Introduce Legislation to End Taxpayer-Funded Pharma Ads

US Senate News:

Source: United States Senator Josh Hawley (R-Mo)

Thursday, May 15, 2025

Today, U.S. Senators Josh Hawley (R-Mo.) and Jeanne Shaheen (D-N.H.) introduced the No Handouts for Drug Advertisements Act, which would end federal subsidies for pharmaceutical company advertising. Current law allows pharmaceutical companies to claim business deductions on direct-to-consumer advertising, subsidizing their publicity at taxpayers’ expense. Direct-to-consumer advertising contributes to increased healthcare costs and encourages patients to request specific brand-name drugs that may be substantially more expensive than more effective alternatives, including lifestyle changes. The Senators’ legislation would close this loophole. “For too long, Big Pharma has used our tax dollars to fund ads that push their products directly on patients. That needs to end,” Senator Hawley said. “HHS Secretary RFK, Jr. has made it clear that he wants to ban prescription drug commercials, and I’m proud to introduce legislation to do just that. Making America Healthy Again starts by ending handouts to these corporations and empowering consumers to make the health decision that is truly in their best interest.”
“It’s flat-out wrong that drug companies receive huge tax breaks for running ads directly to consumers, especially as taxpayers in my state pay more and more for life-saving drugs,” said Senator Shaheen. “It’s well past time for Congress to step in to end these tax breaks, lower costs for everyday Americans and hold pharmaceutical companies accountable. My bipartisan bill with Senator Hawley offers a practical solution to do just that.” The No Handouts for Drug Advertisements Act would:
Amend the Internal Revenue Code to disallow tax deductions for expenses related to direct-to-consumer advertising of both prescription drugs and compounded medications.
Define “direct-to-consumer advertising” as advertisements primarily targeted to the general public through television, radio, direct mail, billboards, internet, social media, and other digital platforms.
Read the full bill text here.

MIL OSI USA News –

May 16, 2025
MIL-OSI Security: Cargo Airline Operator Sentenced To Two Years In Prison For Paying Millions In Kickbacks In Large-Scale Scheme To Defraud Cargo Airline

Source: Office of United States Attorneys

Jay Clayton, the United States Attorney for the Southern District of New York, announced today that SKYE XU was sentenced to two years in prison by U.S. District Judge Jesse M. Furman for his part in a scheme to defraud Polar Air Cargo Worldwide, Inc. (“Polar”), a leading cargo airline, of more than $32 million dollars in revenue. XU previously pled guilty to conspiracy to commit wire fraud and honest services wire fraud, wire fraud, and conspiracy to commit money laundering.

U.S. Attorney Jay Clayton said: “During the COVID-19 pandemic, Skye Xu paid approximately $4.4 million in kickbacks to Polar executives to obtain highly lucrative business from Polar. The Polar executives concealed the kickbacks from Polar using shell companies. Corruption of this type has costs that extend way beyond Polar’s or any one company’s bottom line. Today’s sentence should be a reminder that commercial bribery has no place in America.

According to the charging documents and other public filings and statements made in public court proceedings:

From at least in or about November 2020 through in or about July 2021, XU operated Sky X Airlines, LLC, a cargo airline company based in California. During those nine months, and without Polar’s knowledge, XU paid approximately $4.4 million in kickbacks to shell companies controlled by three senior executives of Polar (the “Executive Defendants”) in exchange for two lucrative business contracts with Polar. These fraudulently obtained contracts earned XU and his cargo airline approximately $46 million in gross revenue and nearly $10 million in net revenue based on the sales of unused space on passenger airlines to transport cargo during the COVID-19 pandemic.

The approximately $4.4 million in kickbacks that XU paid to the Executive Defendants in a nine-month span was part of more than $20 million in kickbacks and other financial benefits that the Executive Defendants and other co-conspirators received from certain Polar customers and vendors from at least 2009 to at least 2021 in exchange for ensuring that those vendors and customers received favorable business arrangements with Polar. The fraud that XU and his coconspirators perpetrated—which involved a substantial portion of Polar’s senior management and at least ten customers and vendors of Polar—led to pervasive corruption of Polar’s business, touching nearly every aspect of the company’s operations, for over a decade.

XU was the last of 10 defendants charged in this case to be convicted. Five of the 10 charged defendants have previously been sentenced.

* * *

In addition to the prison term, XU, 43, of West Covina, California, was sentenced to three years of supervised release. XU was also ordered to forfeit $4,487,830 and to make restitution to Polar in the amount of $1,390,000.

Mr. Clayton praised the outstanding work of the Federal Bureau of Investigation and the Internal Revenue Service – Criminal Investigations.

The case is being prosecuted by the Office’s Complex Frauds and Cybercrime Unit. Assistant U.S. Attorneys Danielle Kudla, Kevin Mead, Qais Ghafary, and Jerry J. Fang are in charge of the prosecution.

MIL Security OSI –

May 16, 2025
MIL-OSI Security: Bowling Green, Kentucky Man Sentenced to Federal Prison and Ordered to Pay Over $1.5 Million in Restitution for Tax Evasion and Defrauding Employer

Source: Office of United States Attorneys

Bowling Green, KY – A Bowling Green man was sentenced yesterday to 3 years and 10 months in federal prison for wire fraud, money laundering, and tax evasion.

U.S. Attorney Michael A. Bennett of the Western District of Kentucky, Special Agent in Charge Karen Wingerd, Cincinnati Field Office, IRS Criminal Division, and U.S. Postal Inspector in Charge Lesley Allison of the Pittsburgh Division made the announcement.

Kenneth Ray Moore, 56, was sentenced to 3 years and 10 months in prison, followed by 2 years of supervised release, for three counts of wire fraud, two counts of money laundering, and four counts of tax evasion. According to court documents, between October 2009 and May 2020, Moore committed wire fraud by engaging in a scheme to embezzle $1,145,800 from his employer. Moore, who formerly held the position of Vice President of Finance, caused his employer to issue checks to “KBM Solutions,” a shell company he created to receive embezzled funds. Moore laundered money by transferring the embezzled funds to his personal financial accounts. Moore also failed to file personal income tax returns between 2013 and 2020, and owed over $300,000 in unpaid taxes, penalties, and interest.

Moore was ordered to pay $1,158,194.80 in restitution for the embezzlement scheme and $342,155.84 in restitution for tax evasion, for a total of $1,500,350.64 in restitution.

There is no parole in the federal system.

This case was investigated by the IRS Criminal Investigation Bowling Green Office and the USPIS Bowling Green Office.

Assistant U.S. Attorney Raymond McGee, of the U.S. Attorney’s Paducah Branch Office, and Assistant U.S. Attorneys Erin Bravo and Madison Sewell of the Louisville Office, prosecuted the case.

###

MIL Security OSI –

May 16, 2025
MIL-OSI Security: Kansas City Man Pleads Guilty to Multi-State Business Burglary Conspiracy

Source: Office of United States Attorneys

KANSAS CITY, Mo. – A Kansas City, Mo., man pleaded guilty in federal court today for his role in a scheme in which the conspirators stole hundreds of thousands of dollars’ worth of merchandise from beauty and liquor stores across six states.

Gary Bailey, 24, pleaded guilty before U.S. District Judge Greg Kays, to one count of conspiring to transport and possess stolen property and one count of interstate transportation of stolen property.

By pleading guilty, Bailey admitted that between March 2023 and January 2024, he participated in burglarizing at least 23 stores across Illinois, Indiana, Iowa, Kansas, Missouri, and Nebraska. Bailey and his co-conspirators brought the stolen product back to Kansas City, before either selling it, giving it away to family or friends, or consuming the product themselves. The loss to these 23 victim businesses exceeded $418,000.

On April 22, 2025, co-conspirator Donald Bennett pleaded guilty to one count of conspiring to transport and possess stolen property, one count of interstate transportation of stolen property, and one count of money laundering.

As part of the plea agreement, Bailey must pay restitution to the victim businesses; the exact amount to be determined at his sentencing hearing. Under federal statutes, Bailey is subject to a sentence of up to 10 years in federal prison without parole. The maximum statutory sentence is prescribed by Congress and is provided here for informational purposes, as the sentencing of the defendant will be determined by the court based on the advisory sentencing guidelines and other statutory factors. A sentencing hearing will be scheduled after the completion of a presentence investigation by the United States Probation Office.

This case is being prosecuted by Assistant U.S. Attorney John Constance. It was investigated by IRS-Criminal Investigation and the Olathe, Kansas, Police Department, with assistance from the Missouri State Highway Patrol, the Platte County Sheriff’s Office and the police departments of Derby, KS, Belton, MO, Blue Springs, MO, Columbia, MO, Creve Coeur, MO, Edwardsville, KS, Fairview Heights, IL, Kansas City, MO, Kansas City, KS, Lawrence, KS, Leawood, KS, Lee’s Summit, MO, Lenexa, KS, Liberty, MO, Olathe, KS, Omaha, NE, Overland, Park, KS, Papillion, NE, Parkville, MO, Plainfield, IN, Plano, TX, Platte City, MO, Shawnee, KS, Springfield, MO, St. Joseph, MO, Terre Haute, IN, Topeka, KS, and West Des Moines, IA.

MIL Security OSI –

May 16, 2025
MIL-OSI USA: Feenstra Secures Tax Relief and Agricultural Investments in President Trump’s “One, Big, Beautiful Bill”
Source: United States House of Representatives – Representative Randy Feenstra (IA-04)

WASHINGTON, D.C. – This week, as the only member of Congress serving on both the House Ways and Means Committee and the House Agriculture Committee, U.S. Rep. Randy Feenstra (R-Hull) voted to advance the tax and agricultural portions of President Trump’s “One, Big, Beautiful Bill” out of each committee.

“This week, as a member of both the Ways and Means Committee and the Agriculture Committee, I voted to advance the tax cuts and agricultural investments of President Trump’s ‘One, Big, Beautiful Bill.’ This legislation lowers taxes for our families, farmers, workers, and businesses while supporting investments in domestic manufacturing, business growth, Iowa agriculture, and U.S. energy production,” said Rep. Feenstra. “I’m also glad that provisions that I led are included like death tax relief, paid family and medical leave for employees of small businesses, affordable crop insurance policies for young and beginning farmers, investments in foreign animal disease prevention, and expansion of our export markets. Working with President Trump, we are delivering on our promise to the American people to cut taxes, grow our economy, secure our border, and unleash American energy production.”

Feenstra-led and -sponsored provisions include:
- An increase in the exemption on the death tax,
- Support for small businesses to offer paid family and medical leave to their employees,
- Flexibility for community banks to offer agricultural business loans at more affordable rates for farmers and rural businesses,
- Investments in homegrown Iowa biofuels,
- Tax provisions to help American businesses compete on a level playing field with foreign businesses,
- Higher standard deduction for families and workers,
- New $4,000 bonus deduction for seniors,
- Increased child tax credit for families,
- Permanent 23% deduction for qualified business income for small businesses,
- Lower crop insurance costs for young, beginning, and veteran farmers,
- Doubled funding for the Market Access Program and Foreign Market Development Program,
- Support for foreign animal disease prevention, mitigation, and response,
- Prevention of administrative errors when distributing SNAP payments, ensuring nutrition assistance is fighting food insecurity, and,
- Investments in watershed infrastructure and flood prevention.
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MIL OSI USA News –
May 16, 2025
MIL-OSI USA: Kamlager-Dove, House Judiciary Democrats File Resolution Demanding Trump Comply With Constitutional Rules on Foreign Gifts By Seeking the Consent of Congress Before Accepting Qatari “Flying Palace”

Source: United States House of Representatives – Congresswoman Sydney Kamlager California (37th District)

Resolution Comes as President Trump Plans to Accept a $400 Million “Flying Palace” From the State of Qatar—A Gift That Will Cost Taxpayers, Threaten National Security and Violate the Constitution Unless Congress Consents

WASHINGTON, DC — Today, Congresswoman Sydney Kamlager-Dove (CA-37) joined Congressman Jamie Raskin (MD-08), Ranking Member of the House Judiciary Committee, and Judiciary Committee Democrats in filing a Resolution condemning President Donald Trump’s efforts to accept a $400 million luxury private jet from the royal family of Qatar without obtaining Congress’s approval, in violation of the Constitution’s Foreign Emoluments Clause.

“Donald Trump is the grift that keeps on grifting. From unelected billionaires with conflicts of interest conducting a hostile takeover of the federal government to promoting a crypto meme coin from the Oval Office, corruption is taking hold in the highest levels of the Trump Administration. Donald Trump’s intention to accept a $400 million blatant bribe from Qatari royalty is yet another example of corruption hiding in plain sight,” said Congresswoman Kamlager-Dove. “I am proud to join Ranking Member Raskin and Judiciary Democrats in exercising our Constitutional authority to accept or reject gifts from foreign nations. We condemn this blatant bribe that would not only jeopardize our national security but the integrity of the presidency and our nation as a whole.”

“The Constitution’s Foreign Emoluments Clause is clear: Donald Trump cannot accept gifts ‘of any kind whatever’ from foreign states or kings without Congressional consent—and that includes Trump’s Con Air One, a flying bribe from the Qatari royals,” said Ranking Member Raskin. “Today, House Judiciary Democrats are filing a resolution instructing Trump either to turn down this Qatari ‘flying palace’ or to come to Congress immediately and seek our consent to accept it. It is what the Constitution requires and what previous Presidents have always done, from Abraham Lincoln to John F. Kennedy. The Constitution charges Congress with ensuring the President does not use the highest office in the land as a get-rich-quick scheme to pocket lavish gifts from foreign Presidents, Dictators, and Emirs. It is high time that Congress do its job.”

On May 11, an ABC News report revealed that President Trump planned to accept a $400 million private jet from the Qatari royal family—a lavish and unconstitutional gift that would become the property of his personal presidential library foundation at the conclusion of his term.

In a news conference on May 12, when asked about this reported gift, Trump stated, “I would never be one to turn down that kind of an offer… I could be a stupid person and say, ‘no, we don’t want a free, very expensive airplane.’”

While Trump claimed that this extravagant gift from a foreign government would result in “big savings [that] will be spent, instead, to MAKE AMERICA GREAT,” it in fact would require potentially billions of dollars in taxpayer funds to retrofit and debug the plane.

All House Judiciary Democrats are original cosponsors of the Resolution.

Click here to read the resolution.

# # #

MIL OSI USA News –

May 16, 2025
MIL-OSI USA: VIA TIKTOK: Rep. Jimmy Gomez Statement On SCOTUS Hearing Oral Arguments Over Trump’s Challenge To Birthright Citizenship

Source: United States House of Representatives – Congressman Jimmy Gomez (CA-34)

Gomez: “If you’re born here, you’re a citizen of the U.S. That simple.”

Watch his TikTok here.

WASHINGTON, DC — Today, Representative Jimmy Gomez (CA-34) issued the following statement via TikTok as the U.S. Supreme Court hears oral arguments in a case that could allow former President Trump to move forward with his immigration agenda and efforts to end birthright citizenship:

“Today the Supreme Court is hearing arguments on whether Trump can end birthright citizenship — and strip lower courts of the power to stop him. The 14th Amendment is clear: if you’re born here, you’re a citizen of the U.S. That simple. We must ensure the Supreme Court makes the right decision because if it doesn’t, it’ll change the character of our nation, and Trump can’t rewrite the Constitution.”

The case before the Court involve challenges to nationwide injunctions issued by three federal judges that have so far blocked Trump’s executive order denying citizenship to children born in the U.S. if their parents are undocumented or some temporary foreign residents. The Trump administration is urging the Court to overturn or limit the injunctions—potentially allowing the policy to take effect in large parts of the country, creating chaos and leaving children in legal limbo and families in crisis.

As the son of immigrants, Rep. Jimmy Gomez (CA-34) has been a strong advocate for immigrant families. Rep. Gomez filed an amicus brief earlier this year urging the Court to uphold the 14th Amendment’s guarantee of citizenship. He’s a proud supporter of the Dream and Promise Act of 2025, which would provide a clear path to citizenship for Dreamers, Temporary Protected Status (TPS) holders, and Deferred Enforced Departure (DED) recipients. He has called on the IRS and the Department of Homeland Security (DHS) to immediately halt efforts to misuse confidential taxpayer data for immigration enforcement. He is also leading the effort to reinstate the Citizenship and Assimilation (C&A) Grant Program, which supports organizations that help legal residents become U.S. citizens.

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MIL OSI USA News –

May 16, 2025
MIL-OSI: Psychic Reading Online [2025] Best Psychics Online for Accurate Readings by Chat or Phone!
Source: GlobeNewswire (MIL-OSI)

Las Vegas, NV, May 15, 2025 (GLOBE NEWSWIRE) —

People use online psychic reading services to gain clarity, direction, and peace of mind. Whether you’re facing relationship challenges, career decisions, or spiritual questions, the best online psychics are available 24/7 to guide you.

Find clarity and direction through psychic reading online provided by the most trusted psychics with years of experience and top ratings.

⇒ Looking for clarity? Start Your Reading With a Top-Rated Psychic Reader!

With the rise of psychic reading online, users can now access psychics online through psychic chat or psychic phone readings, all from the comfort of home. In this comprehensive report, the psychic experts will explore how to find real psychics, what to expect from your reading, and how to choose the best psychic reader for your needs.

The Psychic Experts has unveiled its latest list of the best online psychic reading services in 2025, offering accurate readings, trusted advisors, free trial readings, and more. The Psychic Experts is a platform that features reviews, expert ratings, and curated insights to help its users worldwide connect with the best psychics online.

⇒ Feeling Stuck? Get an Accurate Psychic Reading From Trusted Experts!

Finding the best psychic reading online experience involves knowing what you need, researching options, and trusting your intuition. Whether you prefer psychic chat or psychic phone readings, there are countless real psychics ready to help you gain insight and empowerment.

Explore trusted platforms, look for top-rated psychic readers, and embrace the journey with an open heart. The world of psychic readings offers more than predictions, it offers healing, clarity, and meaningful guidance.

⇒ Looking for answers? Get Powerful Readings on Love, Money & Life Purpose!

Benefits of Online Psychic Readings in 2025

Digital platforms are evolving every day, which is why the best online psychic readings in 2025 are much more convenient and personalized. This thing wasn’t possible in previous years.

These benefits that come with online psychic sessions have now become the preferred method for many people who want to seek spiritual clarity and emotional healing.

1. Convenience & Privacy

Online psychics are different from in-person psychics because they allow individuals to receive guidance from the comfort of their homes.

So, whether you are opting for live chat, phone, or video calls, the flexibility is perfect to both new and experienced clients. These online psychic reading sessions are discreet, private, and completely under the control of the users of the psychic experts.

Get psychic reading online from trusted, verified experts by chat or phone and gain peace of mind today.

⇒ Talk to a Real Psychic Reader and Find the Truth Today!

2. Wider Range of Specialties

The best online psychics at Psychic Experts specialize in multiple forms of reading. These readings make use of tarot, astrology, mediumship, clairvoyance, energy healing, and so much more beyond normal human comprehension, but capable of delivering and revealing answers.

This range of so many online psychic services allows users to choose the best type of psychic reading, which they can do so by feeling what they are most connected to, rather than settling for what’s easily available.

3. User-Centric Experience

Online platform, the psychic experts have been heavily reviewed and praised for offering tailored psychic reading matches based on client preferences.

There is everything for the spiritual seeker, from intuitive interfaces to filtered search options (topic, reading method, price range, etc.). This is why these services can enhance user satisfaction.

Get trusted psychic readings online from the best psychics and receive accurate answers about love, career, and your future today.

⇒ Connect With a Gifted Psychic Reader and Get Real Answers!

Why Online Psychic Readings Are More Popular Than Ever

The search for inner guidance grows among people who feel like their life is often clouded and confusing. Psychic readings, especially the online services, have evolved as a useful tool for people from all walks of life so that they can easily gain insight and clarity in their life and otherworldly affairs. What was once considered a niche among only a special group of people is now a global industry, which is easily accessible from your smartphone.

⇒ Chat Live With Accurate and Trusted Psychic Readers!

So, whether you seek psychic readings and spiritual guidance to make business decisions or navigate a love life, online psychics are now readily available to offer real-time advice and personalized spiritual direction. These online psychics are perfect for a generation that wants answers immediately and at the tap of a mobile phone screen.

Explore psychic reading online with the best psychics online available 24/7 for chat or phone sessions tailored to your life questions.

⇒ Get clarity on your next move with a trusted psychic reading!

What Sets Online Psychic Readings At The-Psychic-Experts.com Apart in 2025?

Today’s best online psychic readings are very much unlike the old ones that used crystal balls and fortune cookies.

Now, these modern psychic readers are grounded in authenticity, ethics, and skill. The most reliable psychic platforms, such as the psychic experts, have systems in place that make sure that their advisors are vetted, experienced, and intuitive.

This is why key features of the psychic experts, a top-tier online psychic platform, are:
- User reviews & ratings
- Multiple psychic reading styles
- Confidential sessions
- 24/7 access to psychics online
- Affordable packages & satisfaction guarantees
⇒ Discover Powerful Insights With the Best Online Psychics!

Why Choose Psychic Reading Online?

The convenience and accessibility of psychic reading online have made it increasingly popular. Here are a few key benefits:
- 24/7 availability: You can connect with psychics online anytime.
- Anonymity: No face-to-face interaction means greater comfort for many users.
- Wide selection: Find the best online psychics by browsing reviews and ratings.
- Flexible formats: Choose between psychic chat or psychic phone readings, depending on your comfort level.
Connect instantly for a psychic reading online with the best psychics online offering honest, accurate, and compassionate guidance.

⇒ Get clear, compassionate guidance from real psychic readers!

How do The Psychic Experts Find the Best Psychics Online?

To ensure you’re connecting with real psychics who deliver accurate psychic readings, keep these tips in mind:

1. Read Reviews: Sites often feature feedback from past users. Look for consistent praise.

2. Check Credentials: Some psychics online list their experience, specializations, or even certifications.

3. Free Minutes: Many platforms offer free trial minutes to test compatibility.

4. Specialties: Match your needs (e.g., love, career, spiritual) with a psychic reader’s expertise.

5. Clarity in Communication: The best psychic readings are clear, direct, and free of vague statements.

Access real-time psychic reading online with the best psychics online specializing in love, relationships, and personal growth.

⇒ Get Peace of Mind With a Psychic Reading From Experts!

Types of Online Psychic Readings to Explore

There are many types of online psychic readings that you can explore using the-psychic-experts.com:

Tarot Card Readings

Tarot card readings are some of the most popular forms of psychic readings available online. By just using a deck of cards, psychic readers can interpret your past, present, and future, as well as guide you through life’s matters related to happiness, success, love, death, etc.

Whether you’re curious about love, facing uncertainty in your career, or struggling with personal growth, online psychics who are skilled in tarot can help you. The best psychics online that offer tarot card readings personalize each reading to your situation, thus offering clarity and direction.

If you’re looking for the best online psychic readings in 2025, the psychic experts have tarot card readers, giving you a fantastic place to start. Many of these best psychic reading platforms also include top-rated psychics online who specialize in their field, that is, insightful tarot card sessions.

⇒ Ask about love, career, or your purpose—Start Chatting with the Best Psychics!

Astrology Readings

Astrology readings are also available online at the psychic experts. From the best psychics online come these psychic readings that explore your birth chart to reveal personality traits, life challenges, and any major events timings.

These psychic readings also use planetary placements to offer a peek into your destiny and decisions.

Many online psychics are expert astrologers who offer one-on-one sessions or online chats and call sessions tailored to your unique chart. So, if you’re looking for the best online psychic readings on the-psychic-experts.com as a beginner, astrology is your go-to. Top psychic readers on this platform will use your zodiac profile to give accurate forecasts, thus making it an experience for anyone seeking the best psychic reading experience online.

Clairvoyant Readings

Clairvoyant readings are a perfect psychic reading area for users on the-psychic-experts.com if you want intuitive insights based on visions or symbolic images received by the readers.

Many of the best psychics online offer genuine and 100% authentic clairvoyant sessions that explore your energy field and uncover truths about your path, your relationships, or your career.

Online psychics who possess clairvoyant abilities can also deliver messages straight into your soul.

Experience a psychic reading online from the best psychics online and get real answers about love, money, and your future today.

⇒ Connect With the Best Psychics and Get Real Answers Now!

Mediumship

Mediumship readings are another type of psychic readings that connect you with spirits of loved ones who have passed away.

These are deeply personal sessions and are best handled by experienced psychic readers. The best psychics online trained to channel energies will offer compassionate and validating messages from the other side, thus giving comfort and support to those grieving.

Psychic readings involving mediumship are such a powerful and emotionally healing session that if you’re searching for the best online psychics for spiritual connections, look for these sessions. The psychic experts have many mediumship experts who have verified experience, and create an online sacred space where messages from beyond can come through.

⇒ Trusted, top-rated psychic readers are ready to guide you!

Energy Healing & Aura Readings

Energy healing and aura readings are a psychic reading that focuses on clearing emotional blockages and rebalancing your energy.

The best psychics available at the psychic experts online use tools like chakra scans, Reiki, and aura photography to assess your energy, and these psychic readings can also help you with stress relief, clarity, and spiritual well-being.

So, if you’re ever feeling stuck or drained, online psychics who specialize in energy healing and aura readings can help you restore your balance. They will delicately combine intuitive healing with psychic insight. And this makes them some of the best online psychic readers.

⇒ Reveal the Truth Behind Your Biggest Questions Now!

How Psychic Reading Connects You to Your Inner Guide

This world is filled with logic and data, but sometimes, there is room for the unknown. Many people still find themselves turning towards something more instinctive, especially when making big decisions. Whether it’s choosing a career, ending a relationship, or picking a home, they have had that feeling that says: this is the right move, or, no, that’s not what you are supposed to do. This is the same inner voice that is called intuition, and it plays a major role in both psychic readings as well as fortune telling.

But where does this intuitive information come from?

How can psychic advisors listen to it effortlessly?

⇒ Discover your path with a powerful psychic reading online!

Let’s break it down for you.

The Sixth Sense You Already Have

Every human being has a built-in sixth sense. It is like a guidance system. It’s not visible like your five physical senses, but it works the same way, in fact in more powerful ways. Your intuition is sometimes called your “sixth sense”, and it is the bridge between your conscious mind and the deeper soul, which is also known as the higher self.

A live psychic reader will not conjure predictions out of thin air.

Instead, they will listen to their heightened intuitive abilities, for example during clairvoyance (clear seeing), clairsentience (clear feeling), or clairaudience (clear hearing). This intuition aligns with their natural senses, and thus allow them to perceive messages and patterns that may otherwise go unnoticed by normal humans.

At its core, psychic reading is tuning in to these signals. The intuition that comes both from the self as well as from the universe.

A seasoned online psychic reader will know exactly how to interpret this information, no matter if it arrives in the form of a tarot card, a vision, or a deep knowing.

⇒ Start Your Psychic Reading Online With Top-Rated Advisors!

What to Look For When Finding the Best Online Psychic Readings

The world of psychic readings faces a saturated online space. But the psychic experts make it very easy to separate hyped up psychic readers from genuine ones. If you’re seeking the best online psychic readings, here’s what you must look out for:
- Experience and credibility
- Clear communication
- Precise prediction
- Platform trustworthiness
- A free option and demo session.
Whether you’re brand new to the world of psychic readings or a seasoned user of the psychic experts, don’t be afraid to explore the different psychic readers until you find the one, or someone who resonates with you. Energy compatibility is all that matters in this regard.

Looking for clarity? Get a powerful psychic reading online now with the best psychics online—trusted by thousands.

⇒ Get Real Love and Life Advice From the Best Psychics!

Is Online Psychic Reading Legit?

Yes, it is.

Skeptical? Well, you’re not alone.

In fact, many first-time clients of the psychic experts were once skeptical. They come into a session with doubt, but after that, leave with surprised expressions because of how accurate and affirming their experience was.

Here’s what they told us about how their psychic reading felt like the real deal;
- They felt emotionally lighter
- They felt more grounded
- They received specific insights that spoke directly to them
- The reader who was offering online psychic readings didn’t pressure them to come back or to pay for the session
- They walked away with clarity
- They later found the predictions to be true
- They felt validated.
However, it is very crucial to understand that not every session will be life-changing, and that’s okay. Sometimes, psychic readings are breakthroughs in life, but they come in small and quiet moments. So, whenever you find the best psychic, please know that the truth will be felt in your body long before your mind catches up.

⇒ Ask a Psychic Reader Anything – Get Honest Answers Now!

Psychic Readings vs. Fortune Telling: What’s The Difference

While the two terms are often used interchangeably, they’re not the same.

Fortune telling is all about future predictions and plays by the rules of fate. Psychic readings, on the other hand, focus on present energies, as well as the free will of the person.

The best psychics online will never tell you what will happen; they will help you understand what could happen, and all of this is based on your current energy.

This is why psychic readings are far more accurate, interactive, and empowering as compared to fortune-telling sessions.

⇒ Receive Powerful Clarity With a Live Psychic Reading!

Reclaiming Your Inner Wisdom Through Psychic Guidance

Many people don’t realize that the whole point of a psychic reading isn’t to hear someone else’s truth. It is to hear your truth and to reconnect with yourself.

With support from the best psychics online, such as those that are available at Psychic-Experts.com, you can learn how to trust your nudges. These psychics are not here to make money from your concerns or life problems, instead, they will help you align your choices and approach life with greater freedom.

So, whether you’re experiencing a spiritual intuition or are simply curious about what the psychic experts can offer beneath your surface thoughts, book a session with one of the online psychics. They are here to guide – not make money – from your path.

⇒ Find Love, Success, and Peace With Real Psychic Guidance!

Psychic Reading in Everyday Life

Psychic reading is everywhere in your life. However, the best online psychic readers just know how to channel your energy and seek answers that you cannot do so yourselves.

While some consult the best online psychic readings for life decisions, others follow their own intuitive guidance, or book mini sessions or free sessions to receive clarity about small matters in life, such as;
- Whether or not to accept a last-minute job
- Why does your child seem unusually withdrawn
- What birthday gift would your partner genuinely love
- Why do you keep waking up at the same time every night
What starts as a simple question can sometimes lead to a chain of revelations.

⇒ Connect to a Real Psychic Now for Life-Changing Insights!

Trusting Yourself Is the First and Foremost Step In Psychic Reading

The first rule of psychic reading? Be confident about your questions and receptive to the answers.

You don’t need to be a professional to start listening to your intuitive voice.

But sometimes, doubts can cause your confidence to fade away.

That’s where a professional online psychic reader can be most helpful. They will not overshadow or cloud your instincts, but validate and strengthen them.

If you are curious about channeling your own energy and spiritual guidance, try the following;
- Ask your intuition a yes/no question.
- Quiet your mind
- Notice the first feeling, image, or word that comes up.
- Don’t second-guess it – just write it down.
- Now, check in a few days to see how accurate that nudge was.
⇒ Get Powerful Answers on Love, Money, Destiny, and More!

Psychic Readers: Myths, Or Just Good Listeners?

It is very easy to claim that online psychics are mystical figures sitting behind their laptops in dramatic robes with crystal balls in front of them. But the modern psychic readers look like you and me. A normal human with a normal job. Their reality is far more grounded than you imagined. Most of them are spiritual advisors, empathetic listeners, and they are extremely skilled interpreters of human energy.

⇒ Make Better Life Decisions With a Psychic Reading Online!

Their job is to make your decisions easier for you. They will offer clarity where confusion exists. And the best part is that the best readers for psychic reading online do this with kindness, integrity, and honesty.

At the psychic experts, there are thousands of vetted professionals who offer decades of experience in psychic reading to each session. They accommodate those who are new to online fortune telling and have all the answers for seasoned spiritual seekers. No matter which group you lie in, you’re likely to find the best psychic reading professional who will have all the answers to your questions.

⇒ Discover Life-Changing Answers From the Best Psychics!

What to Expect in Your First Online Psychic Reading Session

Many people are curious about trying their first online psychic reading session, but they are either scared, skeptical, or nervous. Here are a few things that they must keep in mind during their first online psychic reading session;
- Be open, but discerning
- Prepare questions in advance
- Pay attention to how they feel during and after the reading
- Take notes. Write them down or record them (but with the psychic’s permission).
Start with a free psychic reading online to learn the basics of the experience. And then you can explore deeper options later, and pay in full, if the reader resonates with your energy.

⇒ Start a psychic reading and discover what’s truly meant for you!

How to Find an Accurate Psychic Reader Online

Finding the most accurate online psychic reader isn’t about predictions. It is all about trust, resonance, and compassion.

At the-psychic-experts.com, look for psychic readers who are;
- Transparent about their methods
- Willing to answer your questions
- Focused on empowering you
- Positively reviewed by other clients
The goal of any good psychic reader is to bring clarity and calm to your life and eradicate any confusion or fear. So the next time you connect with an online psychic, and if the vibe feels off, step away from the situation.

⇒ Find your true direction with help from top online psychics!

Tools, Types, and What to Expect from the Best Online Psychic Readers

This digital age has made it very easy for people with questions, as answers are just a click away. Online psychic readings have become one of the most accessible spiritual tools, especially for people who want a deeper clarity in their lives.

With the newly enhanced 2025 platform at the psychic experts, users are now able to easily connect with the best and accurate online psychic readers anytime, anywhere in the world.

Free Psychic Reader Online: What’s the Catch?

People who are skeptical about psychic readers are even more skeptical when they realize that the first session is most often free of cost, with no credit card requirement.

However, it is not difficult to understand that with the psychic expert’s new design, it’s now easier than ever to try a free psychic reader online before committing to a full session.

⇒ Find clarity on love, money, and your life path today!

Many psychics are willing to offer first-time deals. They would either offer a few trial minutes or live chat previews so that users can get an understanding of what an online psychic reading session would look like.

While these free sessions and quick reads won’t be as comprehensive and sound as a full session, they’re still perfect for getting answers to any small or everyday questions that you have, such as;
- Should I text that girl I met on the metro?
- Is this a good time to switch jobs?
- What’s blocking me from being successful right now?
These free trials are the perfect way to get a brief understanding of what an online psychic reading session can offer, and they also help users find an accurate psychic reader online.

⇒ Discover what’s blocking your path—get a psychic reading now!

The Role of Intuition in Psychic Readings

Intuition has a major role in psychic readings.

Since we have already mentioned this before, psychic readings don’t pull answers out of thin air. Psychics are not magicians, nor are they impersonators. They connect to something already within and around you to give you answers to your questions.

When you speak to a live online psychic reader, they will connect their energy with your energy field, often with the help of their spirit guides or clairvoyant abilities.

But the information they will reveal will already be tied to your higher self.

This brings us to the power of intuition. Your intuition is the most powerful tool you have. A gifted online psychic will help you interpret that inner voice because it is most often muffled by fear, doubt, or overthinking.

So the next time you’re consulting with an online psychic reader, think of it as a dialogue, not a monologue. The session is a combined effort of you and the psychic reader.

⇒ Get answers in minutes—chat with real psychics!

Online Psychic Reading Isn’t About Changing Your Life – It’s About Understanding It

The true value of online psychic reading is not just about predictions. Rather, it is about understanding the power of your current path, energies, and mindset. An online psychic reading session on the psychic expert’s platform can offer incredible insights into what’s driving your relationships, fears, or blockages. This is why the 2025 platform update from the psychic experts has made it easy to connect with reliable and accurate online psychic readers that make this spiritual connection more seamless than ever before.

FAQs

Can I trust an online psychic reading?

Absolutely. If you’re on a trusted platform such as the psychic experts, know that all the readers are verified, reviewed, and ranked based on accuracy and client feedback.

How should I prepare for a reading?

People who want to take an online psychic reading session must come with an open mindset and clear questions. Avoid multitasking, because that will disturb your energy channels.

What if the reading doesn’t make sense right away?

It happens. A psychic reading might not make sense right away. This is because some messages are obscured and only meant for the future you. But jot everything down, you will be surprised by how much becomes clear in hindsight.

What is the best way to get a psychic reading online?

The best way to get a psychic reading online is through trusted platforms offering psychic chat or psychic phone readings with verified and reviewed psychic readers.

Are psychic phone readings as accurate as in-person sessions?

Yes, many real psychics deliver accurate psychic readings over the phone because intuitive energy isn’t limited by physical distance.

How can I tell if a psychic reader is real?

Look for real psychics with strong reviews, verified credentials, and clear, honest communication. Avoid vague or overly dramatic claims.

What’s better: psychic chat or psychic phone readings?

It depends on your comfort level. Psychic chat offers anonymity and convenience, while psychic phone readings provide a more personal connection.

Who are the best psychics online?

The best online psychics often come from top-rated platforms, which are displayed on the-psychic-experts.com platform

What should I ask during a psychic reading?

You can ask about love, career, family, spirituality, or future events. The psychic reader will guide the conversation based on your needs.

How long does a psychic reading usually last?

A psychic reading can last from 10 to 60 minutes, depending on the platform, your budget, and how deep you want to go.

Can a psychic chat reading be accurate?

Absolutely. Many users report very accurate psychic readings through psychic chat, especially when the reader is highly rated.

What’s the difference between tarot and psychic readings?

Psychic readings may use intuition alone or tools like tarot. Tarot focuses on symbolic cards, while psychics may tap into broader energies.

Are psychic readings confidential?

Yes, trusted platforms ensure all psychic readings via chat or phone are completely confidential and secure.

Can I get a love psychic reading online?

Yes, many psychics online specialize in love and relationships and provide tailored guidance through psychic chat or phone sessions.

How do I find the most accurate psychic readings?

Look for platforms that highlight customer feedback, offer trial minutes, and feature experienced psychic readers known for their accuracy.

Media Contact
Company: The Psychic Experts
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Address: 1 Fremont St, Las Vegas, NV 89101, USA
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Phone: +1 414-203-2598

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The MIL Network –
May 16, 2025
MIL-OSI USA: Rep. Sherrill Introduces Legislation To Protect Americans’ Health and Retirement Benefits From DOGE Cuts
Source: United States House of Representatives – Congresswoman Mikie Sherrill (NJ-11)

Today, Congresswoman Mikie Sherrill (NJ-11) introduced the Protecting Retirement and Health Benefits for Working Families Act to safeguard Social Security, Medicaid, Medicare, Veterans Affairs, and other critical federal benefits and services from Elon Musk’s “Department of Government Efficiency”.

“New Jerseyans up and down the state have worked hard throughout their careers to earn the retirement and health benefits they deserve. Yet right now, Elon Musk and Donald Trump are attempting to dismantle the very agencies that ensure these programs run smoothly. My legislation makes sure that before any cuts or office closures are enacted, the Trump Administration must prove to Congress that these actions won’t harm the benefits Americans rely on. And if they do cause harm, this bill will force the Administration to undo the damage and reinstate employees. I refuse to sit by as an unelected billionaire lines his own pockets with the money that hardworking families, seniors, and veterans have rightfully earned,” said Rep. Sherrill.

The Protecting Retirement and Health Benefits for Families Act would require several federal agencies (the Social Security Administration, Centers for Medicare and Medicaid Services, Department of Veterans Affairs, Internal Revenue Service, and Department of Housing and Urban Development) to certify to Congress that any planned staffing cuts or regional office closures will not impact the provision of benefits or financial assistance to Americans.

The bill also requires the Inspector General at each of those agencies to conduct a study, within one year, of any of these enacted certifications to ensure that layoffs/closures haven’t harmed benefit receipt, and if benefit receipt has been negatively impacted the agency will be required to reverse those layoffs/closures.

Without any Congressional authorization, the Trump Administration has attempted to gut critical federal agencies to pay for a tax cut for the ultra-wealthy:
- The Social Security Administration has enacted, or attempted to enact, mass staffing layoffs, phone service cuts, and local and regional office closures. Since January, DOGE has cut about 7,000 Social Security Administration jobs, or 12% of its entire workforce.
- The Department of Veterans Affairs attempted to cut billions of dollars in contracts, but was stopped after Democrats and veterans service organizations warned that it would hurt critical veterans’ health services. It also instituted a hiring freeze for more than 300,000 VA health jobs.
- The Centers for Medicare and Medicaid Services granted DOGE access to agency systems and technologies after Musk claimed “this is where the big money fraud is happening.” Washington Republicans are currently looking to cut $880 billion from Medicaid to fund trillions in tax breaks for billionaires. HHS Secretary Kennedy has also announced plans to cut 10,000 employees at the Department of Health and Human Services, including 300 at the Centers for Medicare and Medicaid Services.
- DOGE is reportedly considering cutting the Department of Housing and Urban Development’s staff by as much as 50% and cutting half of the department’s regional offices.
In addition to protecting vital retirement and health care benefits for American families, Rep. Sherrill last month introduced legislation aimed at holding Elon Musk and DOGE accountable for their actions and access to sensitive government information. The Drug Testing For Special Government Employees Act would require Musk and his DOGE employees to pass drug tests and undergo random drug screenings to retain their Special Government Employee status. Given Musk’s well-documented history of drug use, this measure would ensure that those handling the nation’s most sensitive data cannot be compromised or manipulated due to illegal drug use.

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MIL OSI USA News –
May 16, 2025
MIL-OSI USA: Risch Introduces Bill to Stop Taxpayer-Funded Gender Transition Procedures in Federal Health Plans

US Senate News:

Source: United States Senator for Idaho James E Risch
WASHINGTON – U.S. Senator Jim Risch (R-Idaho) today introduced the Protecting Minors in Federal Health Plans Act. The bill would prohibit Federal Employee Health Benefits (FEHB) plans from covering gender transitions for minors.
“Taxpayer-funded federal health plans should never promote extreme gender ideology, especially on our youth,” said Risch. “My Protecting Minors in Federal Health Plans Act is commonsense legislation to ensure none of Idaho’s tax dollars fund these radical and harmful medical procedures.”
Risch is joined by U.S. Senators Kevin Cramer (R-N.D.), Cynthia Lummis (R-Wyo.), and Pete Ricketts (R-Neb.) in introducing the Protecting Minors in Federal Health Plans Act.
“When President Trump took office, he represented the majority of Americans who agree mutilation and gender-transition surgeries for children are wrong,” said Lummis. “I speak for the people of Wyoming when I say our tax dollars should not contribute to these procedures, and I am proud to join Senator Risch and President Trump in restoring commonsense to America.”
“These experimental surgeries have long term, life-altering impacts that can’t be reversed and must end,” said Ricketts. “Take Luka Hein from Omaha, for example, who was sixteen when she received a gender-reassignment surgery. This bill stops these sex-change surgeries for children.”
Under the Biden administration, the Office of Personnel Management encouraged FEHB carriers to cover “comprehensive gender-affirming care,” including hormone therapy, genital surgeries, facial reconstruction surgeries, and other services. Taxpayer-funded government contributions for FEHB plan premiums are estimated to total $50 billion in 2025.
In January, President Trump issued an Executive Order on Protecting Children from Chemical and Surgical Mutilation, declaring that the federal government would not fund, promote, or assist gender-transition procedures for minors. The order emphasized that such interventions are based on ideology rather than sound medical science and directed federal agencies to eliminate policies that support them. The Protecting Minors in Federal Health Plans Act codifies a portion of President Trump’s executive order.
The Protecting Minors in Federal Health Plans Act has received support from the Idaho Family Policy Center and the American Principles Project.
“Our tax dollars should never be used for the purpose of sterilizing children with gender dysphoria. These children are struggling—and they need real help, not irreversible surgical and pharmaceutical interventions. Both the State of Idaho and the Trump administration have taken steps to protect these vulnerable children. Now, it’s time that the U.S. Congress follows this growing consensus. Idaho Family Policy Center thanks Senator Risch for his bold leadership in introducing this legislation to stop federal health plans from covering these destructive and highly experimental sex change procedures for children,” said Blaine Conzatti, President of Idaho Family Policy Center.

MIL OSI USA News –

May 16, 2025
MIL-OSI USA: Baldwin, Moody, Welch Introduce Bipartisan Bill to Give Tax Relief to Victims of Fraud, Scams, Theft, and Disasters

US Senate News:

Source: United States Senator for Wisconsin Tammy Baldwin
WASHINGTON, D.C. – Today, U.S. Senators Tammy Baldwin (D-WI), Ashley Moody (R-FL), and Peter Welch (D-VT) introduced legislation to give relief to those who have been victims of fraud, scams, thefts, accidents, and other personal casualty losses. The Tax Relief for Victims of Crimes, Scams, and Disasters Act reinstates the tax deduction for personal casualty and theft losses and ensures victims of scams, robberies, storms, and fires do not have to pay taxes on stolen assets and further wipe out their hard-earned savings and financial security.
“When Wisconsinites fall victim to a fraud or scam, the last thing they should have to worry about is being slapped with an unexpected tax bill once tax season rolls around,” said Senator Baldwin. “I am proud to work with my Republican and Democratic colleagues to introduce this commonsense bill to help make sure if someone is down and out, they have one less thing to worry about than being hit with a tax bill.”
“As hurricane season is around the corner, I will continue supporting policies that protect Floridians from scammers and fraudsters,” said Senator Moody. “My Tax Relief for Victims of Crimes, Scams and Disasters Act will provide commonsense tax relief for victims, often seniors, who have been financially devastated by scams, crimes or destruction from disasters. This legislation will help folks get back on their feet when they experience hardship. When I was Attorney General of Florida, I made sure to fight for Floridians who fell victim to scams, and I will continue bringing this fight to D.C. so that folks have the protections they need.”
“It’s outrageous that folks scammed out of their life’s savings are hit with large tax bills. I’m proud to introduce this bill to reinstate this important tax deduction to provide crucial financial relief to those victimized by scams and theft,” said Senator Welch. “Vermont experienced catastrophic floods in July of 2023 and 2024. We know firsthand that victims of floods, storms, and fires go through so much—the last thing they should worry about is being penalized for a natural disaster.”
Companion legislation will be introduced in the U.S. House by Representatives Jamie Raskin (D-MA-08) and Greg Steube (R-FL-17).
“Americans who fall prey to scams and rip-offs deserve relief, not massive tax bills from the IRS,” said Rep. Raskin. “Our bipartisan legislation will help millions of Americans, including one of my constituents who was defrauded out of her entire retirement savings and then hit with an enormous tax penalty. I am proud to work with my colleagues on both sides of the aisle in the House and the Senate to bring a measure of justice to victims of scams, thefts and disasters.”
Until 2018, the federal government allowed victims of crimes and unexpected, uninsurable disasters to deduct these losses from their taxes with a provision called the Casualty and Theft Loss Deduction. Today, scam victims and homeowners are on the hook for tens or hundreds of thousands of dollars in federal taxes unless their misfortunes meet a narrow set of criteria.
The growing sophistication of cybercriminal networks has led to a rapid proliferation in fraud for the past five years. In 2024 alone, American taxpayers reported $16.6 billion in cyber fraud to the FBI. The average victim of elder fraud lost $83,000. Natural disasters are also on the rise during a period of increasing insurance premiums and unexpected claim denials.
Senator Baldwin introduced this legislation last year after hearing the story of one Wisconsin woman who was scammed out of her entire savings, investments, and 401(k), more than $200,000 in total, and was forced to pay more than $15,000 in taxes.
Without a reinstatement of the casualty and theft loss deduction, Americans who are victims of theft and non-federally declared disasters will continue to face hefty federal tax bills that the IRS is obligated to enforce.
The Tax Relief for Victims of Crimes, Scams, and Disasters Act:
Reinstates the tax deduction for personal casualty loss and provides retroactive coverage to taxpayers who suffered losses in the years that followed.
Ensures that victims who suffered losses since 2017 are able to file an amended tax return accounting for their personal casualty loss.
“The Elder Justice Coalition commends Senators Baldwin, Moody and Welch for introducing the Tax Relief for Victims of Crimes, Scams, and Disasters Act,” said Bob Blancato, National Coordinator of the Elder Justice Coalition. “It is unconscionable that older scam victims who lose hundreds of thousands of dollars face the compounded misery of having to pay taxes on the money lost. Scams are rampant in this nation and serve to exploit the most vulnerable older adults. We hope Senator Baldwin’s bill can be made part of a future tax package. Tax relief for scam victims is tax fairness.”
“The Financial Services Institute (FSI) is proud to support the Tax Relief for Victims of Crimes, Scams and Disasters Act,” said Dale Brown, President & CEO of Financial Services Institute. “Owing taxes on stolen retirement funds makes an already painful situation worse. Main Street Americans cannot afford to lose their life savings, which they rely upon for a financially secure retirement. This bill will provide some relief to victims and mitigate damages as they work with their trusted financial advisor to recover losses and regain their financial footing.”
“With widespread financial fraud and scams impacting many Americans’ retirement security and financial livelihoods, CFP Board enthusiastically supports this critical piece of legislation that would lessen the impact of financial loss. We look forward to seeing this bill get to the finish line,” said Erin Koeppel, Managing Director of Government Relations and Public Policy Counsel at CFP Board.
“Victims of disasters and theft are taken advantage of far too often,” said Shannon McGahn, EVP & Chief Advocacy Officer for the National Association of REALTORS®. The National Association of REALTORS® is grateful to Representatives Steube and Raskin, along with Senators Moody and Baldwin, for reintroducing the Tax Relief for Victims of Crimes, Scams, and Disasters Act, bipartisan legislation to restore the Casualty and Theft Loss Deduction. This deduction, if reinstated, would ensure that homeowners—especially seniors—who fall victim to uninsurable and unexpected disasters or theft can deduct their losses from their federal taxes. The legislation would protect homeowners from becoming victims again after a disaster, and NAR applauds Congress for putting this legislation forward again.
“For many years, the AICPA has urged Congress to enact timely, uniform and permanent tax legislation, rather than providing delayed tax relief through separate individual bills following each disaster,” said Melanie Lauridsen, Vice President of Tax Policy and Advocacy, American Institute of CPAs. “Disasters regularly affect taxpayers at all times of the year. However, our current system does not provide fair and reliable tax relief for victims of casualties and thefts. We commend Representatives Steube and Raskin and Senators Moody and Baldwin on introducing legislation that will finally right this wrong, and we look forward to working with them to bring this long overdue relief to American taxpayers.”
The legislation is endorsed by the AARP, The Elder Justice Coalition, the National Association of Consumer Advocates, AICPA-CIMA, National Association of Enrolled Agents, National Association of Realtors, American Land Title Association, CFP Board, Investment Adviser Association, Financial Services Institute, Aspen Institute Financial Security Program, Association of Mature American Citizens, National Association of Government Defined Contribution Administrators, Operation Shamrock, SPARK Institute.
A one-pager on this legislation is available here. Full text of the bill is available here.

MIL OSI USA News –

May 16, 2025
MIL-OSI Security: Toronto — Canadian pleads guilty to terrorism charges

Source: Royal Canadian Mounted Police

On May 12, 2025, at the Superior Court of Justice in Toronto, Khalilullah Yousuf (36), of Toronto plead guilty to two charges relating to the largest terrorism financing scheme in Canadian history.

Between September 2019 and December 2022, Mr. Yousuf used cryptocurrency and money transfers to fund terrorism overseas. Yesterday, in an agreed upon statement of facts, Mr. Yousuf admitted to the financing of terrorism, contrary to section 83.03 of the Criminal Code of Canada.

As part of the plea agreement, Khalilullah Yousuf has admitted to raising over $15,000 through the platform “GoFundMe” and contributing over $35,000 to multiple receivers for the benefit of Daesh, a listed terrorist organization.

Regarding the second charge, Mr. Yousuf has plead guilty to participating in the activities of a terrorist group, contrary to section 83.18 of the Criminal Code of Canada. He has admitted to creating and distributing a collection of over 3,800 internet-based hyperlinks. These links were curated with the purpose of radicalizing, indoctrinating and recruiting for the benefit of Daesh, a listed terrorist organization. Between October 2020, and March 2021, Mr. Yousuf communicated with an individual in the United States who was later convicted there for attempting to provide material support to the same listed terrorist organization.

This is the largest terrorism financing conviction to date in Canada in terms of monetary value. This conviction is also the first successful terrorism financing conviction in Canada where the accused used crypto currency and the first where they used online crowdfunding.

The success of this RCMP-led project would not be possible without the contributions of the following Canadian partnerships: RCMP Federal Policing Central Region (Ontario) The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC), Forensic Accounting Management Group (FAMG), Canada Border Services Agency (CBSA), Canada Revenue Agency (CRA), Public Prosecution Service of Canada (PPSC), Ministry of the Attorney General (MAG), and the Toronto Police Service (TPS).

The RCMP would also like to recognize and thank our international partners that were instrumental in this file: The Spanish Guardia Civil Special Central Unit 2, the Federal Bureau of Investigation and the Maldives Police Service.

“Through partnership and dedication, the GTA Integrated National Security Enforcement Team Terrorist Financing Team halted an individual responsible for supporting terrorist activities. I would like to thank all agencies involved for their collaboration in bringing this investigation to a successful conclusion and assisting in the preservation of public safety.”
-Superintendent James Parr, Officer in Charge of the Integrated National Security Enforcement Team, Greater Toronto Area.

Fast Facts

(Integrated National Security Enforcement Team) is made up of representatives of the RCMP, Municipal and Provincial police forces as well as Federal and Provincial partners and agencies. INSET collects, shares, and analyzes information that concerns threats to National Security and criminal extremism/terrorism.

If you have concerns that someone is considering, planning, or preparing to commit an act of violence or to help others in committing acts of terrorism, please contact your local police service. It is incumbent to report any suspicious behaviour. If there is an immediate threat to your safety, or the safety of others, please dial 911.

Non‐emergency tips can be reported to the RCMP National Security Information Network by phone at 1‐800‐420‐5805 or online at www.rcmp.ca/report-it

MIL Security OSI –

May 16, 2025
MIL-OSI USA: Boyle, Whitehouse Reintroduce Legislation to Extend Social Security and Medicare Solvency Indefinitely
Source: United States House of Representatives – Congressman Brendan Boyle (13th District of Pennsylvania)

Medicare and Social Security Fair Share Act would make wealthiest Americans pay fairer share to protect solvency of bedrock health care and retirement programs
WASHINGTON, DC – Today, Congressman Brendan F. Boyle (D-PA-02), Ranking Member of the House Budget Committee and member of the Ways and Means Committee reintroduced the Medicare and Social Security Fair Share Act alongside U.S. Senator Sheldon Whitehouse (D-RI). This bicameral legislation would protect the future solvency of Medicare and Social Security by reversing inequities in the tax system so the nation’s highest earners contribute their fair share.  The Medicare and Social Security Fair Share Act will extend the solvency of both programs indefinitely according to analyses from the nonpartisan actuaries of the Centers for Medicare and Medicaid Services and Social Security Administration.

“From my first day in Congress, I’ve pledged to protect the long-term stability of Social Security and Medicare—two bedrock promises our country made to seniors, workers, and people with disabilities,” said Ranking Member Boyle. “Now, with Donald Trump, Elon Musk, and DOGE-fueled billionaires openly attacking these programs, that fight is more urgent than ever. This bill would protect Social Security and Medicare for generations by making the wealthiest Americans pay what they owe. While Republicans are pushing a $7 trillion tax giveaway to the ultra-rich, we’re working to protect the benefits that millions of Americans have earned—and we won’t let them be stolen to fund another billionaire windfall

“Working-class seniors pay into Social Security and Medicare their whole careers so they can enjoy a dignified retirement, but they end up paying a much larger share of their income in taxes than billionaires because the tax code is rigged in favor of the rich,” said Senator Whitehouse.  “As the Trump administration and Congressional Republicans gear up to deliver budget-busting giveaways for their billionaire donors, I will continue pushing to make our tax code fair and protect these twin pillars of retirement security as far as the eye can see.”

Medicare and Social Security are twin pillars of economic fairness and retirement security, providing lifelines to elderly Americans and their children, and disabled workers. In 2022, Social Security alone lifted 28.9 million Americans out of poverty, and nearly half of seniors live in households that receive at least 50 percent of their family income from Social Security benefits that they have earned after a lifetime of work. Medicare protects its over 65 million beneficiaries from potentially catastrophic health care costs.

Despite the bedrock importance of these programs, both are at risk of being unable to fully pay out benefits within the next 15 years. Without new revenue, the Hospital Insurance trust fund and the Old Age and Survivors Insurance trust fund are expected to become insolvent in 2036 and 2033, respectively.

The bicameral legislation would:
- Preserve Medicare and Social Security while safeguarding benefits.
- Require taxpayers with over $400,000 in income to contribute a fairer share to Social Security.
  
  Lift the Social Security tax cap to ensure that no matter the source of their income, high-income taxpayers would pay the same tax rate on their income exceeding that threshold.
- Require taxpayers with incomes above $400,000 to contribute more to Medicare.
  
  Increase the rate for income above $400,000 by 1.2 percent, and ensure that wealthy owners of pass-through businesses like hedge funds and private equity firms with more than $400,000 in annual income cannot avoid Medicare taxes.
Joining Boyle and Whitehouse on the bill as original cosponsors are Senators Amy Klobuchar (D-MN) and Chris Van Hollen (D-MD).

The bill has been endorsed by Alliance for Retired Americans, American Federation of Government Employees, American Federation of Labor and Congress of Industrial Organizations, American Federation of State, County and Municipal Employees (AFSCME), American Federation of Teachers, Americans for Tax Fairness, Center for Medicare Advocacy, Committee for a Responsible Federal Budget, Communications Workers of America, Doctors for America, Families USA, Groundwork Collaborative, International Federation of Professional and Technical Engineers, Main Street Alliance, Mary’s Center, MomsRising, National Committee to Preserve Social Security and Medicare, National Council on Aging, National Education Association, National Women’s Law Center Action Fund, NETWORK Lobby for Catholic Social Justice, People’s Action, Public Citizen, Revolving Door Project, Social Security Works, and Teamsters.

Full text of the bill is available here.

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MIL OSI USA News –
May 16, 2025
MIL-OSI: Solutions30 announces the appointment of three new CEOs for France, Germany and Belgium
Source: GlobeNewswire (MIL-OSI)

Solutions30, the European leader in multi-technical field services for the telecommunications, energy, and IT sectors, announces the appointment of Antoine Mirabel as CEO of its operations in France. He succeeds Amaury Boilot, who had been serving in this role on an interim basis since June 2023, in addition to his group-level responsibilities. The Group also announces the appointment of Oliver Fidorra as Co-CEO of its operations in Germany, alongside Luc Brusselaers, who also serves as the Group’s Chief Revenue Officer. Finally, in Belgium, Axel Vandevenne has been appointed Co-CEO, tasked with leading and developing local operations alongside Raf Winnelinckx.

Antoine Mirabel was previously an Associate Partner at Bain & Company. With nearly 15 years of experience in strategy and management consulting, particularly focused on the energy sector, he brings deep expertise in performance improvement, operational excellence, integration, and extensive experience in digital transformation projects. Antoine Mirabel is a graduate of Télécom Paris and HEC. Following a transition period with Antoine Mirabel, Amaury Boilot will retain his role as Group Secretary General, which includes oversight of the Group’s administrative and financial management.

Oliver Fidorra brings nearly 20 years of experience in the construction sector, with particular expertise in fiber optic deployment, energy infrastructure, building technical equipment, and civil engineering. Prior to joining Solutions30, he served as Regional Director North and was a member of the management team at Vitronet.

Axel Vandevenne, with Solutions30 since 2018, has held several managerial positions within the Group, demonstrating strong operational leadership. Prior to joining the Group, he gained solid experience in the telecommunications sector, having worked for the two largest Belgian operators, Proximus and Telenet, where he served as Director of Operations. He holds both a Master of Engineering and a Master of Business. His appointment as Co-Managing Director for Belgium is part of an ongoing effort to strengthen the organization in this strategic market. In this context, Jonathan Crauwels will refocus on his role as Chief Financial Officer of Solutions30 Belgium.

Gianbeppi Fortis, Chairman of the Management Board of Solutions30, stated: “We welcome Antoine and Oliver, whose expertise and leadership will be invaluable assets in supporting the Group’s development. Antoine will lead the transformation of our French operations, successfully initiated by Amaury, with the objective of tripling revenue in energy services by 2026. Meanwhile, Oliver, alongside Luc, will drive the continued growth of our operations in Germany, where we are also targeting a threefold increase in revenue by 2026. In Belgium, Axel and Raf will work closely together to build a sustainable organizational structure and support our growth.”

About Solutions30 SE

Solutions30’s mission is to make the technological developments that are transforming our daily lives accessible to everyone, individuals and businesses alike, especially with regard to the digital transformation and the energy transition. With its network of more than 16,000 technicians, Solutions30 has completed over 65 million call-outs since its inception and led over 500 renewable energy projects with a combined maximum output surpassing 1800 MWp. Every day, Solutions30 is doing its part to build a more connected and sustainable world. Solutions30 has become an industry leader in Europe with operations in 10 countries: France, Italy, Germany, the Netherlands, Belgium, Luxembourg, Spain, Portugal, the United Kingdom, and Poland. The capital of Solutions30 SE consists of 107,127,984 shares, equal to the number of theoretical votes that can be exercised. Solutions30 SE is listed on the Euronext Paris exchange (ISIN FR0013379484- code S30). Indices : CAC Mid & Small | CAC Small | CAC Technology | Euro Stoxx Total Market Technology | Euronext Tech Croissance.

Visit our website to learn more: www.solutions30.com

Contact

Individual Shareholders:

actionnaires@solutions30.com – Tel: +33 1 86 86 00 63

Analysts/Investors:
investor.relations@solutions30.com

Press – Image 7:
Charlotte Le Barbier – Tel: +33 6 78 37 27 60 – clebarbier@image7.fr

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The MIL Network –
May 16, 2025
MIL-OSI Global: Canada’s audiovisual industry should better reflect the country’s diversity

Source: The Conversation – Canada – By John Schoales, Visiting Researcher and Adjunct Professor, School of Creative Industries, Toronto Metropolitan University

An important reason for underrepresentation in cultural industries is the citizenship-based approach to defining what classifies as Canadian content.
(Shutterstock)

The Canadian Radio-television and Telecommunications Commission (CRTC) has recently undertaken a consultation on defining Canadian programming in the film and television industry.

A longstanding focus has been to base the definition of Canadian programming on having Canadian citizens or permanent residents occupying key creative or ownership positions in film and television. Similar definitions are used in Canada for other cultural industries such as music, publishing and the arts.

However, the growth of online content has challenged longstanding approaches that were developed when national borders played a larger role in media markets. Today, a new generation of artists and online creators are less likely to see their markets or identities confined by national boundaries.

This has also highlighted barriers faced by others, long ignored, who don’t necessarily define their cultural identity by their nationality. This can include people from other countries who want to pursue arts and culture careers in Canada, Indigenous communities or anyone who defines their identity by anything other than their citizenship.

Systemic bias

An important reason for underrepresentation in cultural industries is the citizenship-based approach to Canadian content used by the CRTC in audiovisual policy and the federal and provincial governments in a variety of culture programs.

This approach creates preferential access to opportunities for people who are much more likely to be white.

The Canadian Human Rights Commission has stated that progress towards eliminating systemic racism and discrimination in a meaningful way will remain elusive as long as any doubt remains about the existence of systemic racism in Canada.

The growth of online content has challenged longstanding approaches that were developed when national borders played a larger role in media markets.
(Shutterstock)

Canadian audiovisual policy illustrates that systemic racism does exist and remains embedded in Canadian culture policy.

The 2021 census indicated that around one-quarter of Canada’s population is racialized. That includes 69.3 per cent of immigrants and 83.1 per cent of non-permanent residents.

The census also shows that racialized people are underrepresented in all cultural industries, such as film and television, music, publishing and performing arts. Those who are able to work in cultural occupations often earn far less than their non-racialized counterparts.

As the Ontario Human Rights Commission has stated:

“Organizations must ensure that they are not unconsciously engaging in systemic discrimination. This takes vigilance and a willingness to monitor and review numerical data, policies, practices and decision-making processes and organizational culture. It is not acceptable from a human rights perspective for an organization to choose to remain unaware of systemic discrimination or to fail to act when a problem comes to its attention.”

Challenges in the immigration system

The relationship between immigration, underrepresentation and industry growth, success and cultural impact is particularly important for effective Canadian policy because almost all of Canada’s net population growth is due to immigration.

Today, Canada is increasingly using a two-step immigration system in which immigrants are selected from non-permanent residents already living in Canada. It is particularly difficult for a culture industry worker to settle in Canada because they don’t qualify for public funding programs in these industries prior to becoming a permanent resident.

In addition, relevant work they are able to find may not count toward their future immigration applications because it may be self-employment, contract or part-time work, which is the norm in these industries.

There is little effort to either attract foreign workers in these industries or help them integrate into a workforce in which self-employment and contract work is very common, and success is largely determined by access to established networks.

Definitions of Canadian content highlight barriers faced by others, long ignored, who don’t necessarily define their cultural identity by their citizenship.
(Shutterstock)

Improving creativity and productivity

Canada’s parochial approach that equates culture with nationality echoes a troubled history of cultural assimilation and discrimination.

The country does not appear to have learned important lessons about the impact of cultural nationalist assimilation from the Truth and Reconciliation process, restrictive immigration policies or the advancement of the Charter of Rights and Freedoms.

It says to some: your cultural identity is Canadian. It says to others: you’re not a Canadian citizen or permanent resident so anything you create has no cultural value.

Inclusive creative industries allow for the cultural contributions of more people and foster collaboration and new ideas, which are important drivers of a productive industry.

Productivity is significantly lower in Canada than in the United States. High human capital industries like the creative industries are primary drivers of productivity and are supported by the migration of skilled people.

A definition of Canadian content based on citizenship or permanent residency status is often promoted as a way to defend against the influx of American cultural products from Hollywood. However, Hollywood products currently have no citizenship focus. Like all highly successful culture centres, Hollywood has always founded its success on attracting talented people from around the world.

U.S. President Donald Trump’s proposal to impose film tariffs on foreign-produced films similarly does not reflect an understanding that this is a global industry. It is a short step from there to wanting only Americans in key creative and ownership roles. That would restrict Hollywood’s access to global talent and resources, undermine its primary advantage, and undermine the industry’s competitiveness.

Read more:
Tax Canadian movies? Why culture has always been at the centre of trade wars

As a leading global destination for immigrants and with aspirations to be inclusive, Canada has the unique potential to become a leading global culture centre with thriving and diverse creative industries.

To achieve this potential, the CRTC and Canadian governments must reorient their policies to develop cultural industries that cultivate great art by talented people, regardless of their identity or where they are from.

John Schoales does not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

– ref. Canada’s audiovisual industry should better reflect the country’s diversity – https://theconversation.com/canadas-audiovisual-industry-should-better-reflect-the-countrys-diversity-252883

MIL OSI – Global Reports –

May 16, 2025
MIL-OSI: Westhaven Completes Brokered Private Placement for Gross Proceeds of $4.6 Million

Source: GlobeNewswire (MIL-OSI)

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES.

VANCOUVER, British Columbia, May 15, 2025 (GLOBE NEWSWIRE) — Westhaven Gold Corp. (TSX-V:WHN) (“Westhaven” or the “Company”) is pleased to announce the closing of its previously announced brokered private placement (the “Offering“) for aggregate gross proceeds of $4,600,000, which includes the full exercise of the agent’s option for proceeds of $600,000. Under the Offering, the Company sold (i) 19,022,708 units of the Company (each, a “Unit”) at a price of $0.12 per Unit for gross proceeds of $2,282,725 from the sale of Units, and (ii) 17,165,000 common shares of the Company that will qualify as “flow-through shares” within the meaning of subsection 66(15) of the Income Tax Act (Canada) (each, a “FT Share”, and collectively with the Units, the “Offered Securities”) at a price of $0.135 per FT Share for gross proceeds of $2,317,275 from the sale of FT Shares.

Each Unit consists of one common share of the Company (each, a “Unit Share”) and one-half of one common share purchase warrant (each whole warrant, a “Warrant”). Each whole Warrant entitles the holder to purchase one common share of the Company (each, a “Warrant Share”) at a price of $0.18 at any time on or before May 15, 2027.

Red Cloud Securities Inc. (the “Agent”) acted as sole agent and bookrunner in connection with the Offering. In consideration for their services, the Agent received a cash commission of $276,000 and 2,171,262 non-transferable broker warrants (the “Broker Warrants”). Each Broker Warrant is exercisable for one common share of the Company (each, a “Broker Share”) at a price of $0.12 per Broker Share at any time on or before May 15, 2027.

The Offered Securities were sold to purchasers by way of the “accredited investor” exemption under National Instrument 45-106 – Prospectus Exemptions in the provinces of Alberta, British Columbia, Quebec, Ontario and Saskatchewan and to purchasers in certain offshore jurisdictions. The Unit Shares, Warrants, FT Shares and Warrant Shares issued and issuable from the sale of Offered Securities, and the Broker Shares, are subject to a hold period under Canadian securities laws ending on September 16, 2025.

The Company intends to use the net proceeds from the sale of Units for working capital and general corporate purposes. The gross proceeds from the sale and issuance of the FT Shares will be used to incur “Canadian exploration expenses” on the Company’s projects in British Columbia and will qualify as “flow-through mining expenditures”, as defined in subsection 127(9) of the Income Tax Act (Canada) (collectively, the “Qualifying Expenditures”), which will be incurred on or before December 31, 2026 and renounced to the subscribers under the Offering with an effective date no later than December 31, 2025 in an aggregate amount not less than the gross proceeds raised from the issue of the FT Shares. In addition, with respect to British Columbia resident subscribers or those who are eligible individuals under the Income Tax Act (British Columbia), the Qualifying Expenditures will be eligible for the 20% BC mining flow-through share tax credit.

Although the Company announced the possible sale of flow through units of the Company to be sold to charitable purchasers (“Charity FT Units”), the Agent and the Company determined not to proceed with the sale of any Charity FT Units.

Related Party Transaction

Members of the Company’s management, board of directors and certain other insiders participated in the Offering acquiring an aggregate of 2,459,000 Units for aggregate proceeds of $295,080. The issuance of Units to insiders pursuant to the Offering constitutes a “related party transaction” within the meaning of Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101”). The Company relies on exemptions from the formal valuation and minority shareholder approval requirements provided under sections 5.5(a) and 5.7(1)(a) of MI 61-101 on the basis that participation in the Offering by insiders will not exceed 25% of the fair market value of the Company’s market capitalization.

The securities offered have not been, nor will they be, registered under the U.S. Securities Act, as amended, or any state securities law, and may not be offered, sold or delivered, directly or indirectly, within the United States, or to or for the account or benefit of U.S. persons, absent registration or an exemption from such registration requirements. This news release does not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of securities in any state in the United States in which such offer, solicitation or sale would be unlawful.

On behalf of the Board of Directors

WESTHAVEN GOLD CORP.

“Ken Armstrong”

Ken Armstrong, President & CEO

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.

About Westhaven Gold Corp.

Westhaven is a gold-focused exploration company targeting low sulphidation, high-grade, epithermal style gold mineralization within Canada’s newest gold district, the Spences Bridge Gold Belt. Westhaven controls ~61,512 hectares (~615 square kilometres) within four gold properties spread along this underexplored belt. The Shovelnose Gold Project is the most advanced property, with an updated 2025 Preliminary Economic Assessment that validates the Project’s potential as a robust, low cost and high margin 11-year underground gold mining opportunity with average annual life-of-mine gold production of 56,000 ounces and having a Cdn$454 million after-tax NPV6% and 43.2% IRR (base case parameters of US$2,400 per ounce gold, US$28 per ounce silver and CDN/US$ exchange rate of $0.72). Initial capital costs are projected to be Cdn$184 million with a payback period of 2.1 years. Please see Westhaven’s news release dated March 3rd, 2025 (Link: March 3, 2025 News Release) for details of the updated PEA. The technical report supporting this disclosure can be found under the Company’s profile on Sedar+ (www.sedarplus.ca) and on the Company’s website. The Shovelnose Gold Project is situated off a major highway, near power, rail, large producing mines, pipelines and within commuting distance from the city of Merritt, which translates into low-cost exploration and development. Qualified Person: The technical and scientific information in this news release has been reviewed and approved by Peter Fischl, P.Geo, who is a Qualified Person for the Company under the definitions established by National Instrument 43-101 Standards of Disclosure for Mineral Projects. Westhaven trades on the TSX Venture Exchange under the ticker symbol WHN. For further information, please call 604-681-5558 or visit Westhaven’s website at www.westhavengold.com.

Forward Looking Statements:

This press release contains “forward-looking information” within the meaning of applicable Canadian and United States securities laws, which is based upon the Company’s current internal expectations, estimates, projections, assumptions and beliefs. The forward-looking information included in this press release are made only as of the date of this press release. Such forward-looking statements and forward-looking information include, but are not limited to, statements concerning the Company’s expectations with respect to the Offering; and the use of proceeds of the Offering. Forward-looking statements or forward-looking information relate to future events and future performance and include statements regarding the expectations and beliefs of management based on information currently available to the Company. Such forward-looking statements and forward-looking information often, but not always, can be identified by the use of words such as “plans”, “expects”, “potential”, “is expected”, “anticipated”, “is targeted”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “believes” or the negatives thereof or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved.

Forward-looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance, or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such risks and other factors include, among others, and without limitation: the Company will not be able to raise sufficient funds to complete its planned exploration program; that the Company will not derive the expected benefits from its current program; the Company may not use the proceeds of the Offering as currently contemplated; the Company may fail to find a commercially viable deposit at any of its mineral properties; the Company’s plans may be adversely affected by the Company’s reliance on historical data compiled by previous parties involved with its mineral properties; mineral exploration and development are inherently risky industries; the mineral exploration industry is intensely competitive; additional financing may not be available to the Company when required or, if available, the terms of such financing may not be favourable to the Company; fluctuations in the demand for gold or gold prices generally; the Company may not be able to identify, negotiate or finance any future acquisitions successfully, or to integrate such acquisitions with its current business; the Company’s exploration activities are dependent upon the grant of appropriate licenses, concessions, leases, permits and regulatory consents, which may be withdrawn or not granted; the Company’s operations could be adversely affected by possible future government legislation, policies and controls or by changes in applicable laws and regulations; there is no guarantee that title to the properties in which the Company has a material interest will not be challenged or impugned; the Company faces various risks associated with mining exploration that are not insurable or may be the subject of insurance which is not commercially feasible for the Company; the volatility of global capital markets over the past several years has generally made the raising of capital more difficult; inflationary cost pressures may escalate the Company’s operating costs; compliance with environmental regulations can be costly; social and environmental activism can negatively impact exploration, development and mining activities; the success of the Company is largely dependent on the performance of its directors and officers; the Company’s operations may be adversely affected by First Nations land claims; the Company and/or its directors and officers may be subject to a variety of legal proceedings, the results of which may have a material adverse effect on the Company’s business; the Company may be adversely affected if potential conflicts of interests involving its directors and officers are not resolved in favour of the Company; the Company’s future profitability may depend upon the world market prices of gold; dilution from future equity financing could negatively impact holders of the Company’s securities; failure to adequately meet infrastructure requirements could have a material adverse effect on the Company’s business; the Company’s projects now or in the future may be adversely affected by risks outside the control of the Company; the Company is subject to various risks associated with climate change, the Company is subject to general global risks arising from epidemic diseases, the ongoing conflicts in Ukraine and the Middle East, rising inflation, tariffs and interest rates and the impact they will have on the Company’s operations, supply chains, ability to access mining projects or procure equipment, supplies, contractors and other personnel on a timely basis or at all is uncertain; as well as other risk factors in the Company’s other public filings available at www.sedarplus.ca. Readers are cautioned that this list of risk factors should not be construed as exhaustive. Although the Company believes that the expectations reflected in the forward-looking information are reasonable, there can be no assurance that such expectations will prove to be correct. The Company cannot guarantee future results, performance, or achievements. Consequently, there is no representation that the actual results achieved will be the same, in whole or in part, as those set out in the forward-looking information. The Company undertakes no duty to update any of the forward-looking information to conform such information to actual results or to changes in the Company’s expectations, except as otherwise required by applicable securities legislation. Readers are cautioned not to place undue reliance on forward-looking information.

The MIL Network –

May 16, 2025
MIL-OSI Canada: Government Continues to Deliver for Saskatchewan Residents as Spring Sitting Concludes
Source: Government of Canada regional news

Released on May 15, 2025

With the Spring sitting of the Legislature concluding today, Premier Scott Moe highlighted the Government of Saskatchewan’s balanced 2025-26 Budget and how it is delivering for you.

“Our government continues to prioritize safety in our communities and ensuring services are available to all residents when and where they need them,” Moe said. “Saskatchewan is a growing and vibrant province that continues to benefit from a strong economy even in uncertain times. Record investments were made this year to keep Saskatchewan an affordable place to live, work and raise a family.”

In this year’s budget, record investments continue to be made in health care, education and community safety, in addition to delivering more affordability measures than ever before.

New affordability measures include:
- The Fertility Treatment Tax Credit, helping individuals or couples cover costs associated with fertility treatments.
- Doubling the Active Families Benefit tax credit and raising the qualifying income threshold to $120,000 will make accessing children’s sports, arts, cultural and recreational activities more affordable.
- Seniors receive an increase in the senior supplement amount by $500 annually for the next four years, starting in 2025 – over and above the impact of indexation.
- An increase to the Personal Care Home Benefit will help more than 2,000 low-income seniors with the cost of living in a licensed personal care home.
- The Graduate Retention Program has also increased, with a maximum benefit of $24,000 for students who live and work in Saskatchewan after graduating from a post-secondary institution.
- The Saskatchewan Advantage Scholarship provides up to $3,000 for Grade 12 students who will be attending post-secondary institutions in the province.
- All education property tax mill rates have been reduced to absorb the increase in property assessment values and ensure this assessment year is revenue neutral for the province. This change will save property owners in the province more than $100 million annually.
- Reinstating the Home Renovation Tax Credit saves residents up to $420 and seniors $525 annually in provincial income tax.
- The First-Time Homebuyers’ Tax Credit maximum benefit increased to $1,575, making homeownership more attainable for first-time homebuyers, and the PST Rebate on New Home Construction was made permanent.
- The Disability Tax Credit and the Disability Tax Credit supplement for children under 18 both increase by 25 per cent, in addition to indexation.
- The Caregiver Tax Credit also increases by 25 per cent, in addition to indexation, which provides financial support for families who care for adult children or parents with physical or mental impairments.
- The Small Business Tax Rate permanently remains at one per cent, which benefits more than 35,000 small businesses and saves them over $50 million annually in corporate income taxes.
- The Small and Medium Enterprise Investment Tax Credit provides a non-refundable tax credit for individuals or corporations that invest in the equity of eligible Saskatchewan small and medium enterprise, while the Saskatchewan Class 1 Truck Driver Training Rebate Program supports individuals seeking their commercial driving license.
Additionally, legislation introduced and passed this year aims to promote community safety. Amendments to The Construction Codes Act allow the development of a pilot framework intended to help eligible municipalities dispose of these structures as well as provide a training opportunity for local volunteer fire departments. Amendments to The Safe Public Spaces (Street Weapons) Act include fentanyl, methamphetamine and hypodermic needles as categories of street weapons recognizing the significant risks these items present to public safety. New regulations under The Trespass to Property Amendment Regulations, 2025, will allow police to immediately enforce the Act against individuals partaking in activities such as public intoxication and drug use as it will be automatically considered trespassing in public spaces or businesses.

This April, the Government of Saskatchewan was pleased to reach a new agreement between the Government-Trustee Bargaining Committee (GTBC) and the Teachers’ Bargaining Committee. This new agreement recognizes the important role of teachers and provides certainty for teachers, students and their families.

Health care continues to be a priority for the government with continued investment into new and enhanced services and the Health Human Resources Action Plan to ensure services are staffed. The new Regina Breast Health Centre started welcoming patients this spring offering a co-location of essential services to streamline care, reduce wait times and improve patient experiences in what can often be a challenging time. Success continues to be made with recruitment guided by the Health Human Resources Action Plan to recruit, train, incentivize and retain more staff in the province. To continue that work, Saskatchewan’s Rural and Remote Recruitment

Incentive (RRRI) program has been expanded to an additional 16 communities for a total of 70. This incentive of up to $50,000 for a three-year return-in-service is offered to new, permanent full-time employees in nine high-priority health occupations in rural and remote communities experiencing or at risk of service disruptions due to staffing challenges. A recruitment campaign also launched recently encouraging physicians from the United States to consider practicing in Saskatchewan.

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For more information, contact:

MIL OSI Canada News –
May 16, 2025
MIL-OSI USA: ICYMI – Congressman Issa Testifies at Transportation and Infrastructure Committee on No Track, No Tax Act

Source: United States House of Representatives – Congressman Darrell Issa (CA-50)

Today, Congressman Darrell Issa (CA-48) testified before the House Transportation and Infrastructure Committee, where he urged his fellow Members to support legislation to prevent the establishment of a punitive mileage tax on American drivers. Rep. Issa has previously introduced the No Track, No Tax Act to prevent the funding of both a tax on every mile Americans drive and mileage tracking devices that would calculate that distance.

“The establishment of a mileage tax is more than an attack on the freedom to drive. It targets those who need to drive the most for work, school, and on behalf of their families,” said Rep. Issa. “Even worse, the mileage tax is only enabled by a mileage tracker – a device that shadows drivers and captures everywhere they go. The potential for abuse and the exposure of personal data may be limitless.”

While the San Diego Regional Transportation Agency (SANDAG) has abandoned plans to implement the tax plan, California’s state government in Sacramento is now weighing a statewide option. And federal pilot projects show many communities are testing similar plans.

Read the full text of No Track, No Tax Act here.

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MIL OSI USA News –

May 16, 2025
MIL-OSI USA: Newhouse, Republican Colleagues Issue Joint Statement on Clean Energy Tax Credits

Source: United States House of Representatives – Congressman Dan Newhouse (4th District of Washington)

Headline: Newhouse, Republican Colleagues Issue Joint Statement on Clean Energy Tax Credits

WASHINGTON, D.C. – Today, Rep. Dan Newhouse (WA-04) joined Reps. Jen Kiggans (VA-02), Andrew Garbarino (NY-02), Mark Amodei (NV-02), Rob Bresnahan (PA-08), Juan Ciscomani (AZ-06), Gabe Evans (CO-08), Dave Joyce (OH-14), Nick LaLota (NY-01), Mike Lawler (NY-17), Young Kim (CA-40), Don Bacon (NE-02), and David Valadao (CA-22) in issuing a joint statement regarding the clean energy tax provisions in the One, Big, Beautiful Bill.

“We commend the Ways and Means Committee for including reasonable phase-out schedules for certain clean energy tax credits. While many of these provisions reflect a commitment to American energy dominance through an all-of-the-above energy strategy, we must ensure certainty for current and future energy investments to meet the nation’s growing power demand and protect our constituents from higher energy costs.

To fully realize the intent of these phase-out schedules, we ask House leadership to consider three thoughtful changes to the energy tax credits section.

First, the Foreign Entity of Concern provisions are overly prescriptive and risk undermining U.S. competitiveness—particularly against China—by restricting domestic energy production. These provisions should be revised to allow companies additional time to reorganize their supply chains, ensuring a strategic and successful transition.

Second, the current “placed in service” standard does not align with the Committee’s thoughtful phase-out schedule. Replacing it with a “start construction” standard is essential to supporting the energy development needed to meet the growing power demand and protect thousands of high-quality American jobs in communities across the country.

Finally, the transferability of energy tax credits should remain available throughout the entire phase-out period established by the Committee, providing businesses with the flexibility necessary to make long-term investments in American energy.

We appreciate the Ways and Means Committee putting America first by investing in American energy dominance, but the last thing any of us want is to provoke an energy crisis or cause higher energy bills for working families. We urge the Committee to consider these important changes in this critical part of our One Big Beautiful Bill.”

This was first reported today as an exclusive by POLITICO.

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MIL OSI USA News –

May 16, 2025
MIL-OSI USA: Newhouse Introduces Legislation Strengthening U.S. Seaports

Source: United States House of Representatives – Congressman Dan Newhouse (4th District of Washington)

Headline: Newhouse Introduces Legislation Strengthening U.S. Seaports

WASHINGTON, D.C. – Today, Rep. Dan Newhouse (WA-04) introduced legislation to close a loophole exploited by foreign shippers who circumvent United States seaports and divert cargo to ports in Canada and Mexico to avoid paying the U.S. harbor maintenance tax (HMT).

“We have an opportunity to expand the United States’ position as a leader in global trade, and we can only achieve that by strengthening and modernizing our port infrastructure.” said Rep. Newhouse. “Foreign shippers have been circumventing U.S. seaports, especially on the west coast, in order to avoid paying the harbor maintenance tax, resulting in a depleted maintenance fund. My legislation eliminates this costly loophole, ensures foreign shippers are paying their fair share, and strengthens our seaport infrastructure to deliver goods to consumers more efficiently.”

The legislation is supported by the Northwest Seaport Alliance and SSA Marine.

Toshiko Hasegawa, Northwest Seaport Alliance Co-Chair and Port of Seattle Commission President, said, “For decades, the Harbor Maintenance Tax has created a competitive disadvantage for U.S. ports like Seattle and Tacoma to other ports in North America. We are deeply grateful for Congressman Newhouse’s leadership in championing this issue and introducing this legislation to level the playing field by eliminating the incentive to divert U.S.-bound cargo through non-U.S. ports.”

John McCarthy, Northwest Seaport Alliance Co-Chair and Port of Tacoma Commission President, said, “Washington is one of the most trade-dependent states in the nation, and maintaining the NWSA’s position as a competitive, top-tier cargo gateway is critical to providing market access to agricultural producers. We thank Congressman Newhouse for working to uphold a strong, competitive supply chain by ensuring taxes are applied fairly to all US-bound cargo regardless of port of entry.”

Uffe Ostergaard, CEO of Carrix, said, “For over 30 years, Pacific Northwest ports have been disadvantaged by the Harbor Maintenance Tax, which has made these U.S. ports less competitive and has driven cargo volumes to alternative gateways. We are grateful to Congressman Newhouse for his leadership on this critical legislation to provide a more level playing field, support U.S. jobs, and bolster key export communities in Washington State.”

The fee would be 0.125% of the value, equal to the HMT, of U.S.-bound cargo that is discharged from an ocean-going vessel in Canada or Mexico and subsequently enters the U.S.

The HMT is an ad valorem tax that funds Army Corps of Engineers (USACE) activities to maintain U.S. seaports. U.S.-bound cargo from overseas trading partners that arrives at Canadian or Mexican ports and then enters the U.S. is not subject to paying the HMT.

The U.S. Harbor Maintenance Trust Fund lost nearly $600 million in revenue over the last ten years due to the $466 billion in imports that avoided the HMT by moving through a Canadian or Mexican seaport before entering the U.S.

Bringing these circumvented imports back to U.S. ports is critical for USACE’s duty to keep America’s harbors and rivers maintained and support economic growth.

Earlier this year, the Congressman visited the Port of Seattle and saw firsthand the impact circumvented cargo has on port operations.

See full bill text here.

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MIL OSI USA News –

May 16, 2025
MIL-OSI Africa: Kenya has a bold new disability law: now to make it work
Source: The Conversation – Africa – By Amani Karisa, Associate Research Scientist, African Population and Health Research Center

Kenya has long recognised the rights of persons with disabilities in law. The 2010 constitution guarantees access, dignity and inclusion for people living with disabilities.

Two years earlier in 2008, Kenya ratified the UN Convention on the Rights of Persons with Disabilities. And Kenya’s 2003 Persons with Disabilities Act formed the legal foundation for promoting the rights and welfare of persons with disabilities.

But these legal promises remain largely aspirational. Their provisions are rarely translated into everyday realities. Many Kenyans with disabilities still face stigma, inaccessible environments, unequal education opportunities and limited access to employment.

Many schools remain exclusionary due to inaccessible physical infrastructure. This includes classrooms and latrines that lack ramps or hinder mobility for children with disabilities.

Public transport is often unusable for wheelchair users.

Employers continue to overlook applicants with disabilities. Between 2019 and 2023, for instance, persons with disabilities faced higher unemployment rates at around 10.4% against a national average of 5.2%.

The fact that there are disputes over the number of Kenyans with disabilities is also telling. The 2019 census recorded 2.2% of the population – fewer than 1 million people – as having disabilities. This is far below the World Report on Disability’s estimates of an average of around 15%. This undercount reflects both cultural stigma and systemic gaps in how disability is understood and reported.

As someone who has spent more than a decade researching disability in Kenya, I have seen how the promise of rights is often undercut by structural and social barriers. This has come through in my own research and that of others.

The persistent failure to translate rights into tangible outcomes for persons with disabilities created urgency for change.

The Kenyan government has finally acted. In May 2025, the country’s parliament passed the Persons with Disabilities Act 2025.

The new law expands the definition of disability to encompass a broader range of impairments. This ensures more individuals are recognised and protected under the law. The law also mandates accessibility across sectors such as education, employment, healthcare and public services, requiring reasonable accommodations and prohibiting discrimination.

In my view, the new law reflects a broader move from symbolic recognition to legal obligation. But passing a law is just the beginning. Implementation will be the real test.

What’s been missing

In my research, and that of others, the question of why the 2003 law did little to shift everyday exclusion has been addressed. A few things were apparent.

First, employment quotas were suggested but never enforced. Discrimination in hiring and promotions was prohibited in theory, but was common in practice.

Second, there has been little support for caregivers.

Third, there was minimal access to assistive technologies (which are tools designed to help persons with disabilities perform tasks and improve their quality of life, such as mobility aids, communication devices and adaptive software).

Fourth, children with disabilities in Kenya have faced significant barriers to education. Their enrolment and completion rates are consistently lower than those of their non-disabled peers.

Rather than disability being the problem, it is the lack of accommodation, inclusive policies and public understanding that creates exclusion. This is a core insight of the social model of disability, which views disability as arising from the interaction between individuals and an unaccommodating society. This perspective explains that people are disabled not by their bodies but by barriers in society – like stairs without ramps or employers who won’t adapt.

What the new law promises

Some key changes in the new law stand out:
- Workplace inclusion: public bodies must now ensure that at least 5% of jobs are held by persons with disabilities. This provision, although previously suggested, now comes with clearer oversight requirements. Private employers are both mandated and incentivised to create inclusive workplaces. Reasonable accommodations, such as accessible workstations or flexible hours, can be counted as deductible expenses.
- Access to public services and spaces: the law requires that buildings, roads and services be made accessible. Hospitals must have trained sign language interpreters. Schools must adapt their admission criteria, curricula and facilities to include learners with disabilities. These requirements signal a move away from treating accessibility as optional or charitable.
- Tax relief and registration reforms: caregivers can now qualify for tax exemptions. Additionally, persons with long-term disabilities now receive permanent registration, ending the need for repeated reassessments – a process many found tedious, involving hospital visits, missing forms, long delays and limited assessment centres.
- Stronger institutional framework: the National Council for Persons with Disabilities has been given more robust powers, including enforcement, monitoring and management of disability-related funding. The law also recommends the use of affirming and respectful language in public communication – a subtle but essential step in reducing stigma.
The law incorporates disability considerations into sector-specific practices. For example, the law requires justice sector actors to consider disability when arresting, detaining or trying someone.

What needs to happen now

The government must act swiftly to implement supporting regulations. Funding is needed to retrofit public buildings, hire staff to support individuals with disabilities, and subsidise assistive devices. Without proper budgeting, the law risks becoming another unfulfilled promise.

Employers and institutions must do more than comply: they must transform their attitudes. Disability inclusion should be built into human resources practices, school policies and service design. Training will be key.

Public awareness must improve. Many Kenyans still see disability through a medical or charitable lens. There need to be national campaigns on radio, TV and social media that shift public understanding toward inclusion and equality.

Finally, persons with disabilities must be central to the law’s implementation. Inclusion must be driven by those who live the reality of exclusion. Their insights are essential to making services responsive and respectful.

The 2025 Act is an important step. But if it is not backed by funding, political will and public education, its potential will remain unrealised.

The real question is not whether the law is good enough, but whether Kenya’s institutions, communities and leaders are prepared to make it work for those it was designed to serve.

– Kenya has a bold new disability law: now to make it work
– https://theconversation.com/kenya-has-a-bold-new-disability-law-now-to-make-it-work-256646

MIL OSI Africa –
May 16, 2025

Category: Taxation

Resolution Comes as President Trump Plans to Accept a $400 Million “Flying Palace” From the State of Qatar—A Gift That Will Cost Taxpayers, Threaten National Security and Violate the Constitution Unless Congress Consents

Fast Facts

Medicare and Social Security Fair Share Act would make wealthiest Americans pay fairer share to protect solvency of bedrock health care and retirement programs

Systemic bias

Challenges in the immigration system

Improving creativity and productivity

What’s been missing

What the new law promises

What needs to happen now