CME Group has expanded its cryptocurrency derivatives lineup with the launch of spot-quoted XRP and Solana futures, signaling growing institutional interest in alternative digital assets.
The new products extend CME’s existing spot-quoted Bitcoin and Ether futures, which have recorded strong trading activity since their introduction earlier this year. According to the press release, by adding XRP and Solana, CME aims to meet rising demand for precision-based crypto exposure among active traders and long-term investors.
Besides broadening its crypto offering, CME positioned these contracts as part of a wider suite that also includes spot-quoted futures tied to major U.S. equity indices. These include the S&P 500, Nasdaq-100, Russell 2000, and Dow Jones Industrial Average.
Consequently, traders can now manage futures positions using spot-market pricing while benefiting from longer-dated expiries. This structure reduces the need for frequent contract rolls, which often increase trading costs.
Smaller Contracts Target Everyday TradersCME structured the XRP and Solana futures as its smallest crypto contracts to date. Significantly, the reduced size allows traders to fine-tune exposure and manage risk more efficiently. Market participants can hold positions aligned with longer-term views or adjust trades more frequently without rollover pressure.
Additionally, spot-quoted Bitcoin and Ether futures continue to show strong participation. Since launch, average daily volume reached 11,300 contracts. That figure increased to 18,400 contracts during the fourth quarter.
December activity climbed further to 35,300 contracts. Moreover, CME recorded a peak trading day of 60,700 combined contracts in late November, reflecting sustained market engagement.
Solana Price Tests Key Support ZoneWhile CME expands derivatives access, Solana price action remains under pressure. SOL traded near $125 after declining more than 3% over the past day. Weekly losses exceeded 6%, keeping price locked inside a broader consolidation range following the drop from the $250 to $260 highs.
Source: X
However, market structure still shows defined technical levels. The $120 to $125 region continues to act as a critical support zone. This area aligns with prior consolidation and high-volume trading. Consequently, repeated defenses of this range suggest ongoing buyer interest despite weak momentum.
Altcoin Sherpa noted that $120 remains the key level to watch. The analyst warned that a clear breakdown could accelerate losses toward the psychological $100 zone. That level previously attracted strong demand.
Hence, downside risk remains elevated if support fails. Conversely, a sustained move above $135 could ease selling pressure and open the door toward $150.
2025-12-15 22:324mo ago
2025-12-15 16:374mo ago
MetaMask Expands Multi-Chain Capabilities with Bitcoin Support
MetaMask now supports Bitcoin for buying, sending, and swapping.
The wallet expands its multi-chain features with Bitcoin integration.
MetaMask launches a $30M rewards program for user engagement.
MetaMask has rolled out Bitcoin support, marking a key step in its multi-chain expansion. Users can now buy, send, receive, and swap Bitcoin directly within the MetaMask wallet. This addition allows seamless management of Bitcoin alongside assets from Ethereum and Solana networks.
MetaMask enables users to purchase Bitcoin using various payment methods, such as credit cards, PayPal, and bank transfers. The wallet supports Bitcoin transfers through SegWit addresses, with plans to add Taproot support soon.
This update simplifies asset management by offering everything in one interface, eliminating the need for multiple platforms.
The Bitcoin integration is part of MetaMask’s broader strategy to support multiple blockchains. Previously, MetaMask integrated Solana and added support for assets like Monad and Sei. The Bitcoin feature further strengthens MetaMask’s position as a leading multi-chain wallet, giving users access to more digital assets.
MetaMask’s seamless Bitcoin integration makes it easier for users to manage their portfolios in one place, without relying on separate wallets or exchanges.
MetaMask’s Ongoing Network Expansion and Future Plans
MetaMask is not stopping with Bitcoin. The wallet plans to add more networks in 2026, continuing its push to become a comprehensive, multi-chain wallet.
This move reflects the growing demand for wallets that handle a variety of assets. MetaMask also launched a $30 million rewards program to incentivize user engagement.
The program aims to reward long-term users and support MetaMask’s upcoming token launch, which has garnered attention in the crypto community.
With these updates, MetaMask strengthens its position as a top wallet in the competitive crypto market, offering users a versatile, multi-chain experience.
DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Rate this post
2025-12-15 22:324mo ago
2025-12-15 16:404mo ago
Saylor Buys Nearly $1B Worth of Bitcoin, Then It Plunges 4%
Many expected Strategy's mega purchase to put the wind in bitcoin's sails; instead, the asset tumbled to $85K. Michael Saylor's Near-Billion Bitcoin Purchase Precedes Sharp Drop Michael Saylor is a man of conviction.
2025-12-15 22:324mo ago
2025-12-15 16:434mo ago
Pepe Coin Price Prediction: Crypto Analysis CEO Says Meme Coins Are “Dead” – But Is This the Exact Moment They Bounce Back?
We believe in full transparency with our readers. Some of our content includes affiliate links, and we may earn a commission through these partnerships. However, this potential compensation never influences our analysis, opinions, or reviews. Our editorial content is created independently of our marketing partnerships, and our ratings are based solely on our established evaluation criteria. Read More
Ad Disclosure
Ad Disclosure
We believe in full transparency with our readers. Some of our content includes affiliate links, and we may earn a commission through these partnerships. However, this potential compensation never influences our analysis, opinions, or reviews. Our editorial content is created independently of our marketing partnerships, and our ratings are based solely on our established evaluation criteria. Read More
Content Writer
Harvey Hunter
Content Writer
Harvey Hunter
Part of the Team Since
Apr 2024
About Author
Harvey Hunter is a Content Writer at Cryptonews.com. With a background in Computer Science, IT, and Mathematics, he seamlessly transitioned from tech geek to crypto journalist.
Has Also Written
Ad Disclosure
Ad Disclosure
We believe in full transparency with our readers. Some of our content includes affiliate links, and we may earn a commission through these partnerships. However, this potential compensation never influences our analysis, opinions, or reviews. Our editorial content is created independently of our marketing partnerships, and our ratings are based solely on our established evaluation criteria. Read More
Last updated:
December 15, 2025
CryptoQuant CEO Ki Young Ju says the meme coin market is “dead,” casting doubt on a bullish Pepe price prediction as dominance slumps across the sector.
Meme coins now account for just 3.4% of the altcoin market, down from a 10.9% peak in November 2024, near the cycle’s low point.
This largely coincides with fading momentum around the election of the pro-crypto Trump administration. Regulatory shifts have not progressed at the pace expected, prompting corrections as geopolitical and macro FUD reclaim centre stage.
Without fresh liquidity or sustained social momentum, oversaturation, rug pulls, and eroding trust continue to encourage short-term speculative trading over community-driven HODLing.
Still, not everyone is bearish. Some market participants view the collapse in dominance as a potential bottom signal and a classic buy-the-dip opportunity.
Historically, meme coin cycles have seen explosive early-year rallies unwind for the remainder of the year, leaving 2026 as a possible window for the next revival.
Pepe Price Prediction: Is Another Bull Run Coming in 2026?Pepe could be in for another run as a bullish double bottom evolves into an even stronger triple bottom reversal structure.
But this time, a higher low suggests buyers are stepping in sooner than they did on the previous drops, preventing the price from reaching the original support level at $0.000004.
PEPE USD 1-day chart, triple bottom reversal. Source: TradingView.The setup is highly bullish, and momentum indicators back it.
The RSI continues to form higher highs towards the 50 neutral line, a sign of buy pressure building beneath the surface, while the MACD holds out just above a near-death cross below the signal line.
For it to play out, the pattern neckline at $0.0000049 must flip to support to confirm a sustained upward move.
Fully realised, the pattern targets a measured 75% move to reclaim November Pepe price highs at $0.0000075.
And with supportive market conditions, such as a U.S. Fed adopting a quantitative easing (QE) strategy in 2026, greater risk appetite could support a 280% push to May highs at $0.0000165.
PepeNode: New Crypto Lets Users Mine Meme Coins With No HardwareThose entering the market now face a decision: sit out and miss out on the next leg up, or enter and risk exposure to potential heavy losses.
PepeNode ($PEPENODE) makes it easy for anyone to get into crypto without stressing about perfect timing, which is where most people slip up.
It’s a fun mine-to-earn game where you can start building and earning with just a few clicks, no expensive hardware or tech skills needed.
Just log in, buy virtual nodes, stack rigs, and you can start mining meme coins, passively.
Momentum is climbing fast. The presale has already passed $2.35 million, while early stakers can still earn up to 554% APY.
And thanks to a built-in deflationary model, where 70% of all $PEPENODE spent on nodes and rigs is burned, scarcity supports long-term token value.
PepeNode offers a more measured way to capture high-upside market exposure, without relying on perfect entries or short-term price swings.
With just 23 days remaining in the presale, access later may come at a higher cost.
Visit the Official PepeNode Website Here
Follow us on Google News
2025-12-15 22:324mo ago
2025-12-15 16:434mo ago
XRP ETFs Outpace Bitcoin and Ether With 30-Day Inflow Streak
U.S.-listed XRP ETFs post 30 consecutive trading days of net inflows, outperforming Bitcoin and Ether ETFs over the same period.
Since launching in mid-November, the products attract nearly $975 million, lifting total assets to about $1.18 billion with no recorded redemptions.
The consistent inflow pattern contrasts with recent outflows from BTC and ETH ETFs and reflects growing demand for regulated XRP exposure tied to payments-focused crypto use cases.
U.S.-listed XRP ETFs continue to gain traction despite uneven conditions across broader financial markets. Since debuting in November, these products record net inflows every trading session, building a 30-day streak unmatched by Bitcoin or Ether ETFs. The trend highlights a clear divergence in investor behavior within regulated crypto products.
XRP ETFs Show Consistent Capital Allocation
XRP ETFs maintain steady momentum even as equity volatility and interest rate uncertainty shape investor sentiment. Data from SoSoValue shows XRP ETFs attract close to $975 million in cumulative net inflows by Dec. 12, pushing total net assets to roughly $1.18 billion. Notably, the funds report no single day of net redemptions, an outcome rarely seen across crypto ETFs during periods of market stress.
This consistency sets XRP ETFs apart from the wider crypto fund landscape. While many products experience sharp inflow and outflow swings, XRP-linked ETFs show sustained accumulation, suggesting investors view them as structural allocations rather than short-term trading vehicles.
Bitcoin And Ether ETFs Face Choppier Flows
By comparison, Bitcoin and Ether ETFs experience a more volatile stretch over the same timeframe. U.S. spot Bitcoin ETFs record approximately $3.39 billion in net outflows between Nov. 13 and Dec. 12, including a single-day withdrawal of about $903 million on Nov. 20. Ether ETFs follow a similar pattern, posting roughly $1.26 billion in net outflows, with their largest daily redemption also occurring on Nov. 20.
These movements reinforce how BTC and ETH ETFs often react quickly to macro signals, functioning as liquidity proxies when market conditions shift. Rapid changes in positioning lead to uneven capital flows, standing in contrast to the relative stability seen in XRP ETFs.
Regulation And Payments Use Cases Support Demand
Several structural drivers support demand for XRP ETFs. XRP’s focus on cross-border payments and settlement infrastructure appeals to investors seeking regulated crypto exposure linked to real-world financial activity. The November launch of Bitwise’s XRP ETF on the New York Stock Exchange expands access through traditional brokerage and retirement accounts following years of regulatory uncertainty.
The 30-day inflow streak positions XRP ETFs as a distinct category within the U.S. crypto ETF market. While Bitcoin and Ether funds remain sensitive to macro shifts, XRP ETFs attract capital centered on regulation, payments utility, and consistent allocation, reinforcing their growing role in diversified digital asset portfolios.
2025-12-15 22:324mo ago
2025-12-15 16:444mo ago
Ripple targets RLUSD expansion to Layer 2 networks with Wormhole
Ripple expands RLUSD to multiple L2s via Wormhole in 2026.
Targets 24/7 trading liquidity across regulated, high-utility chains.
Holds $1B+ supply and new $500M funding round.
Ripple says RLUSD will extend beyond XRP Ledger and Ethereum and reach multiple Layer 2 networks in 2026, with Wormhole providing cross-chain tooling. Ripple frames the plan around demand for stablecoin liquidity across more than one chain, especially in venues where onchain trading and settlement run at all hours.
Ripple connects the rollout to Wormhole Native Token Transfers (NTT), a token standard Ripple uses to test RLUSD on Optimism, Base, Ink, and Unichain. Ripple says regulatory clearance sits on the critical path for a public launch on additional networks.
RLUSD went live in December on XRPL and Ethereum. Market trackers place total supply above $1 billion, keeping RLUSD among larger stablecoins issued by a U.S.-linked crypto firm.
Compliance push meets distribution across more chains
Ripple positions RLUSD as a stablecoin built for compliance-first issuance, then pairs the claim with broader distribution. Jack McDonald, Ripple’s SVP for stablecoins, describes RLUSD as a regulated trust-style product in the U.S. and links expansion to higher utility for trading, payments, and onchain finance. Ripple also presents stablecoins as the main entry point for DeFi and for institutional crypto flows, with RLUSD serving as a liquid on-ramp.
Wormhole already sits inside Ripple’s interoperability work. In June, Ripple expanded XRPL multichain connectivity through a Wormhole integration, aiming to connect XRPL rails with other chains and apps without forcing users to rely on a single network for settlement.
The Office of the Comptroller of the Currency (OCC) issued a conditional approval for a national trust bank charter tied to Ripple National Trust Bank. Ripple says final approval would place RLUSD under state oversight and federal oversight at the same time, a structure Ripple portrays as uncommon among stablecoins.
Ripple also enters 2026 planning with fresh capital
In November, Ripple raised $500 million at a $40 billion valuation. Investors linked to Fortress and affiliates of Citadel Securities led the round, with participation from Galaxy Digital, Pantera, Brevan Howard, and Marshall Wace.
Ripple now ties product distribution, compliance posture, and balance-sheet strength to one near-term goal: broaden RLUSD availability across major Layer 2 venues while keeping issuance controls intact across chains.
Cardano's token price has continued to decline, leading to sharp losses for investors.
Perhaps the title is a bit overblown, but Cardano's (ADA 3.30%) 24-hour decline of 3.1%, which drove its intraday low at 4:30 p.m. ET (resulting in a nearly 12% weekly decline), ought to be enough to get some investors to sit up.
Today's Change
(
-3.30
%) $
-0.01
Current Price
$
0.38
This move aligns with that of the broader cryptocurrency market, which has dipped 2.9% over the past day. So, even on that basis, Cardano is an outlier during today's session.
Let's explore what's driving the top-10 crypto by market capitalization lower today and whether these catalysts could fuel further downside in this leading proof-of-stake blockchain project.
Today's price action in the cryptocurrency sector appears to be closely tied to broader macroeconomic developments, which I'd argue have impacted some of the largest tokens by market capitalization the most.
Currency-related risks appear to be intensifying, driving concerns about overall global financial market conditions, following the Bank of Japan's decision to increase its overnight rate once again. This move may result in some of the speculative capital invested in assets such as Cardano (with borrowed funds via short positions on the Japanese currency and/or its bond market) having investors rethinking their portfolio allocation strategies right now.
That said, I've been following Cardano's rollout of its native, privacy-focused project, Midnight Crypto (CRYPTO: NIGHT), which was intended to revolutionize Cardano's position in the privacy coin sector. That's a space I've long thought could drive meaningful growth for platforms like Cardano, upon which Midnight's developer team picked as its network of choice.
With strong capital flows into NIGHT, and solid transaction volume (more than 85 million ADA tokens traded on decentralized exchanges tied to this project over the past week), there's a lot to like about the potential upside with Cardano if it's able to revitalize investor interest around this rollout.
We'll have to see. Investors appear to be growing increasingly bearish right now. However, by all accounts, this is one token that does look intriguing at current levels, and I think it could rebound in a significant way if market sentiment shifts once again.
Chris MacDonald has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.
2025-12-15 22:324mo ago
2025-12-15 17:004mo ago
Ethereum Activity Hits 7-Month Low: Active Addresses Drop 32% From August Peak
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure
Ethereum is struggling to regain traction as it continues to trade below the critical $3,200 level, weighed down by persistent selling pressure and growing macro uncertainty. Market sentiment has deteriorated notably in recent weeks, with many analysts increasingly calling for a broader bear market phase.
From a structural perspective, ETH remains below several key technical levels that previously acted as support, reinforcing the perception that downside risks are still present and that bullish momentum remains fragile.
Beyond price action, on-chain data is beginning to confirm this cautious outlook. According to a CryptoQuant report by CryptoOnchain, Ethereum’s network activity has contracted sharply, signaling a meaningful decline in underlying demand. The 7-day Simple Moving Average (SMA) of Active Addresses has fallen to 327,000, marking the lowest reading since May 2025.
This represents a significant pullback from earlier cycle highs and suggests that fewer users are actively interacting with the Ethereum network.
Historically, sustained bullish trends in ETH have been supported by expanding network usage and rising participation. The current decline in active addresses indicates a reduction in network utility, often associated with cooling investor interest and the exit of short-term participants.
Ethereum Network Activity Signals Cooling Demand
According to the CryptoQuant report, the current decline in Ethereum’s Active Addresses represents a sharp pullback from the peak of roughly 483,000 addresses recorded in August. Since that high, network participation has steadily weakened, highlighting a clear loss of momentum in on-chain activity.
This contraction has closely mirrored Ethereum’s market performance over the same period. As active addresses declined, ETH’s price corrected significantly, falling from a cycle high near $4,800 to the current $3,100 area.
Ethereum Active Addresses | Source: CryptoQuant
The simultaneous drop in both price and network activity is a critical signal. It suggests a reduction in demand for block space and points to a potential exit of retail traders or short-term participants who typically drive spikes in transaction activity during strong bullish phases. When fewer users interact with the network, it often reflects lower speculative interest and diminished transactional demand.
In a healthy and sustainable bull market, rising prices are usually accompanied by expanding network usage, with active addresses trending higher as adoption and participation grow. The current divergence from that pattern indicates a cooling ecosystem rather than an acceleration phase.
For Ethereum to establish a durable price reversal, this metric will be essential to watch. A sustained recovery in Active Addresses would be one of the clearest early signals that demand is returning and that the network is regaining fundamental strength.
Ethereum Weekly Price Structure Shows Critical Inflection Zone
Ethereum’s weekly chart highlights a market caught between long-term structural support and unresolved downside pressure. After peaking near the $4,800–$5,000 region earlier in the cycle, ETH entered a prolonged corrective phase that drove price sharply lower. The subsequent rebound from the $1,500–$1,600 lows marked a clear recovery, but the rally has so far failed to transition into a sustained bullish trend.
ETH testing critical level | Source: ETHUSDT chart on TradingView
Currently, ETH is trading near the $3,150 level, hovering around a key confluence zone. Price is interacting with the 100-week and 200-week moving averages, which historically act as pivotal trend-defining levels. While ETH has managed to reclaim the longer-term moving averages, it continues to struggle with follow-through above them, signaling hesitation from buyers at higher prices.
The structure since mid-2024 resembles a broad consolidation rather than a decisive breakout. Each rally attempt toward the $4,000–$4,500 range has been met with strong selling pressure, producing lower highs on the weekly timeframe. Volume has also declined compared to previous impulsive advances, suggesting weaker conviction behind recent rebounds.
From a structural perspective, holding above the $2,800–$3,000 region remains critical. As long as this zone holds, ETH maintains a constructive higher-low relative to the 2022 bottom. However, failure to build acceptance above the moving averages keeps Ethereum vulnerable to extended consolidation or another corrective leg before a clearer trend emerges.
Featured image from ChatGPT, chart from TradingView.com
Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
Sign Up for Our Newsletter!
For updates and exclusive offers enter your email.
Sebastian's journey into the world of crypto began four years ago, driven by a fascination with the potential of blockchain technology to revolutionize financial systems. His initial exploration focused on understanding the intricacies of various crypto projects, particularly those focused on building innovative financial solutions. Through countless hours of research and learning, Sebastian developed a deep understanding of the underlying technologies, market dynamics, and potential applications of cryptocurrencies.
As his knowledge grew, Sebastian felt compelled to share his insights with others. He began actively contributing to online discussions on platforms like X and LinkedIn, focusing on fintech and crypto-related content. His goal was to expose valuable trends and insights to a wider audience, fostering a deeper understanding of the rapidly evolving crypto landscape. Sebastian's contributions quickly gained recognition, and he became a trusted voice in the online crypto community.
To further enhance his expertise, Sebastian pursued a UC Berkeley Fintech: Frameworks, Applications, and Strategies certification. This rigorous program equipped him with valuable skills and knowledge regarding Financial Technology, bridging the gap between traditional finance (TradFi) and decentralized finance (DeFi). The certification deepened his understanding of the broader financial landscape and its intersection with blockchain technology.
Sebastian's passion for finance and writing is evident in his work. He enjoys delving into financial research, analyzing market trends, and exploring the latest developments in the crypto space. In his spare time, Sebastian can often be found immersed in charts, studying 10-K forms, or engaging in thought-provoking discussions about the future of finance.
Sebastian's journey as a crypto analyst and investor has been marked by a relentless pursuit of knowledge and a dedication to sharing his insights. His ability to navigate the complex world of crypto, combined with his passion for financial research and communication, makes him a valuable asset to the industry. As the crypto landscape continues to evolve, Sebastian remains at the forefront, providing valuable insights and contributing to the growth of this revolutionary technology.
2025-12-15 22:324mo ago
2025-12-15 17:004mo ago
Bitcoin Down, MSTR Sliding — Why Did a $284B NY Pension Fund Buy Despite a 7% Drop?
Hassan, a Cryptonews.com journalist with 6+ years of experience in Web3 journalism, brings deep knowledge across Crypto, Web3 Gaming, NFTs, and Play-to-Earn sectors. His work has appeared in...
Has Also Written
Last updated:
December 15, 2025
Bitcoin prices extended their decline this week, dragging closely correlated equities lower and pushing shares of Strategy (MSTR) down sharply during regular trading hours.
Yet even as the stock slid more than 7% in a single session, one of the largest public pension funds in the United States quietly increased its exposure.
The New York State Common Retirement Fund, which manages roughly $284 billion in assets reportedly raised its position in Strategy, a Nasdaq-listed company widely viewed as an equity proxy for Bitcoin exposure.
Strategy Drops 7% on $2.3B Volume as Bitcoin Sell-Off DeepensThe move came as Strategy shares fell to $163.55 by 13:56 EST on December 15, down 7.29% on the day. Trading activity was heavy, with $2.32 billion in value changing hands across nearly 14 million shares.
The stock moved between an intraday high of $176.50 and a low of $160.54, placing its market capitalization at $50.7 billion.
Source: sosovalueStrategy currently has 287.35 million shares outstanding, with 267.03 million in circulation, and trades at a basic mNAV of 0.88.
The decline mirrors renewed pressure in the broader crypto market. Bitcoin was trading around $86,214, down 3.5% over the past 24 hours, 4.4% over the past week, and more than 10% over the past month.
Source: CryptonewsThe pullback followed a steep correction from Bitcoin’s recent peak above $126,000, a move that has weighed heavily on companies with direct balance-sheet exposure to the asset.
Repeat Buyer Signal: New York State Pension Fund Continues Expanding Its PositionNew York State fund raised its stake during the second quarter of 2025 and disclosed another increase in a November filing covering third-quarter positions.
At that point, the fund owned approximately 0.10% of Strategy, valued at about $113.8 million.
The New York State fund is one of the largest public retirement systems in the country, with a portfolio heavily weighted toward public equities, fixed income, private equity, real assets, and alternative investments, with public stocks accounting for just over 40% of total assets.
Source: FintelIts holdings include large positions in major U.S. technology, financial, consumer, and healthcare companies.
The Strategy investment remains a small allocation within that diversified portfolio, but its persistence has drawn attention given the volatility tied to Bitcoin-linked assets.
Strategy Pushes Bitcoin Holdings Past 671,000 BTC as Shares FallStrategy has become the most prominent example of that exposure. The company has spent the past several years converting operating cash flows, equity issuance proceeds, and debt financing into Bitcoin purchases.
That approach has caused its shares to trade as a leveraged reflection of Bitcoin’s price movements.
Since peaking above $450 in July, MSTR shares have fallen nearly 62%, according to Yahoo Finance data.
Over the past six months, the stock is down more than 55%, moving from roughly $369 in mid-June to the mid-$160 range.
Source: Yahoo FinanceDespite the volatility, Strategy has continued adding to its Bitcoin holdings. Last week, the company disclosed the purchase of 10,645 BTC for $980.3 million at an average price of $92,098 per coin.
The acquisition lifted its total holdings to 671,268 BTC, reinforcing its position as the world’s largest corporate holder of Bitcoin.
Those acquisitions came as Strategy moved to address investor concerns about liquidity and cash obligations.
The company recently established a $1.44 billion U.S. dollar reserve intended to cover dividend payments and interest expenses without requiring the sale of Bitcoin during periods of market stress.
Management said the reserve is sufficient to fund at least 12 months of dividend obligations, with plans to extend coverage to two years.
Other public pension systems, including New Jersey’s, have also disclosed increased MSTR holdings in recent months, showing a broader pattern of selective institutional exposure to Bitcoin-linked equities rather than direct cryptocurrency ownership.
Follow us on Google News
2025-12-15 22:324mo ago
2025-12-15 17:004mo ago
XRP Dominates Institutional Inflows, But Why Is Price Still Low?
XRP is at the center of the institutional flows, leading the crypto market in streaks of capital inflows even as its price is locked around $2. Recent data shows that money is still entering into Spot XRP ETF products, but despite this steady demand and a clear shift toward bullish sentiment across social platforms, XRP’s spot price has struggled to break higher, and this raises questions as to why inflows and price action appear out of sync.
Spot XRP ETFs Are Seeing Relentless Institutional Demand
Institutional appetite for XRP has been especially visible through Spot XRP exchange-traded funds. These products have now logged 19 days of uninterrupted inflows, with a fresh capital of $20.17 million added again on Friday.
The latest figures from SoSoValue show that these inflows pushed cumulative inflows to $990.91 million, close to the $1 billion mark. Assets under management have also continued to rise, now sitting well above the $1 billion threshold at $1.18 billion. To put this into perspective, Spot Ethereum ETFs ended last week with $19.41 million of outflows
This pattern points to deliberate and sustained accumulation of XRP. Institutions appear comfortable building exposure to XRP gradually, taking advantage of its deep liquidity and regulated access through ETF structures.
Bullish Social Sentiment Has Not Yet Translated To Price
Another notable trend with XRP is that sentiment among retail participants has turned increasingly optimistic in the past few days. Data from market intelligence firm Santiment, which monitors discussions across platforms including X, Telegram, Reddit, and Discord, points to a noticeable increase in positive commentary surrounding the altcoin over the past week.
Santiment data shows that XRP has ranked among the most positively discussed assets of the year, much higher than Ethereum. This increase in positive sentiment has been characterized by traders expressing confidence as the price continues to hold above $2. Particularly, Santiment data shows that last week was the seventh most bullish sentiment week of 2025 for XRP.
Under normal conditions, this combination of strong inflows and improving sentiment would typically suggest a bullish setup. However, sentiment alone does not move markets, and XRP has been range-bound around $2.
The most important thing is the difference between buying and selling pressure. The lack of bullish price action means that persistent sell-side activity from existing holders has been sufficient to absorb incoming demand, and this has kept XRP’s price constrained even as accumulation quietly builds.
The same dynamic applies to ETF flows. Although Spot XRP ETFs have posted inflows for 19 consecutive days, the daily figures are relatively modest. Inflows would need to expand into the hundreds of millions of dollars on a consistent basis for these products to reflect in the XRP price. The strongest signal of improving sentiment right now is XRP’s ability to hold above $2 in the next few trading sessions, rather than any decisive breakout to the upside.
Price action remains muted | Source: XRPUSDT on Tradingview.com
Featured image created with Dall.E, chart from Tradingview.com
2025-12-15 22:324mo ago
2025-12-15 17:084mo ago
Trump-Linked WLFI Breaks Ground With $FUN Token Sale Using USD1 Stablecoin
The $FUN token sale with USD1 stablecoin is exclusive to the Legion platform.
The $FUN token is priced at $1 and seeks a soft cap of $3 million with an FDV of $60 million.
Binance expands the use of USD1 by adding trading pairs for XRP, DOGE, and SUI.
World Liberty (WLFI), the company linked to the sons of President Trump, has just marked a new milestone for the crypto sector. The firm announced the upcoming $FUN token sale by Sports Data Federation will be conducted exclusively using its own stablecoin, USD1, on the Legion launchpad.
The first Legion sale in USD1 is coming soon!@footballdotfun Legion sale will use USD1 as the exclusive transaction asset.
For informational purposes only. Not investment advice. Digital assets involve significant risk. Accounts are not FDIC insured. Do your own research. WLFI… https://t.co/joEuQVZDIC
— WLFI (@worldlibertyfi) December 15, 2025
Football.Fun, the base-layer sports prediction platform, scheduled its public sale launch for Tuesday, December 16, with a unit price of $1 per token. This dual sale strategy, running concurrently on Legion and Kraken, aims not only to accelerate user onboarding but also to increase blockchain liquidity.
USD1 Consolidates with Binance Expansion and the $FUN Sale
The structure of the $FUN token sale with USD1 stablecoin establishes a fully diluted valuation (FDV) of $60 million and a soft cap raise target of $3 million, with a vesting schedule of 50% at the token generation event (TGE) and the remaining 50% linearly released over six months.
This move is crucial for the USD1 ecosystem. The stablecoin, backed by short-term US government Treasuries, has soared to nearly $2.8 billion in circulation, driven in part by a $2 billion investment from MGX. In parallel, Binance elevated the status of USD1, adding it to its most active spot markets.
In fact, WLFI co-founder and CEO Zach Witkoff confirmed the upcoming launch of trading pairs like XRP/USD1, DOGE/USD1, and SUI/USD1 on Binance for December 16, consolidating the stablecoin’s presence.
Although Football.Fun achieved a record growth of $100 million in Total Value Locked (TVL) in just two weeks after launching on the Base blockchain, the token’s performance has not been immune to market weakness, registering a 63% decline in the last year.
The company maintains a token burn strategy funded by 50% of the platform’s revenue, such as the $25 million $FUN token burn executed in June 2025.
In summary, the success of this upcoming $FUN token sale with USD1 stablecoin will be vital to driving scarcity and liquidity, while retail investors will be able to participate in the on-chain sale, always subject to jurisdictional restrictions (such as the exclusion of UK users).
2025-12-15 22:324mo ago
2025-12-15 17:204mo ago
Trump Says He Will 'Look At' Pardon for Samourai Bitcoin App Dev
In brief
Trump said he’s aware of Samourai Wallet developer Keonne Rodriguez’s case and is open to exploring a pardon.
Rodriguez is set to begin a five-year prison sentence Friday for creating a Bitcoin privacy tool the DOJ said was an illegal money transmitter.
Privacy advocates say the case has already chilled the development of essential crypto privacy tools in the United States.
President Donald Trump said Monday he was open to exploring a pardon for convicted Samourai Wallet developer Keonne Rodriguez, and noted he was already familiar with the case.
“I’ve heard about it, I’ll look at it,” Trump said of Rodriguez’s case, in response to a question from Decrypt during an afternoon event in the Oval Office.
“We’ll look at that, Pam,” the president then commented to U.S. Attorney General Pam Bondi, who was also present in the room.
Bondi then appeared to write something down.
Rodriguez was sentenced to five years in federal prison last month for his role in creating Samourai Wallet, a tool that allowed Bitcoin users to keep their transactions private without ever transferring funds to a third party. He is set to report to a federal prison to begin his sentence on Friday.
The Department of Justice last year, during the Joe Biden administration, accused the software developer and his colleague, William Longeran Hill, of operating an illegal money transmitter and facilitating criminal activity.
After President Trump’s return to office this year, his DOJ dismissed numerous Biden-era criminal cases—but kept the prosecution of Rodriguez and Hill active.
Facing 25-year sentences if they went to trial, the software developers opted to plead guilty this summer to one charge of operating an illegal money transmitter. Rodriguez received the maximum possible prison sentence of five years for that charge; Hill received four years.
The case has received particular attention from privacy advocates and longtime crypto users, who fear the case—along with the conviction of Roman Storm, the developer of a similar tool on Ethereum—has had a demonstrable chilling effect on the development of blockchain privacy tools.
These advocates contend the ability to send online transactions privately was the reason Bitcoin was invented in the first place—and they fear the federal government, even now under the crypto-friendly Trump administration, is actively working to undermine that functionality.
Crypto software developers have argued the essence of crypto is at stake when it comes to protecting the ability of software developers to create privacy tools like Samourai. Major crypto policy groups have also put their weight behind the case, noting its significance.
The Trump DOJ does appear to be aware of the importance of the issue of privacy software to the crypto industry. In April, deputy attorney Todd Blanche directed federal prosecutors to back off of crypto privacy tools. Months later, a senior DOJ official told a room of crypto policy leaders that the department would, going forward, refrain from prosecuting decentralized software developers.
And yet, the DOJ continued to pursue its case against Rodriguez and Hill during that time—pressing a federal judge to hand the developers maximum possible prison sentences.
Rodriguez recently told Decrypt he is doubtful the president will grant him clemency, citing his lack of resources compared to the powerful crypto executives Trump has pardoned this year.
“We're not CZ,” Rodriguez said, referencing Binance founder Changpeng Zhao, who Trump pardoned in October. Earlier this year, Zhao’s crypto exchange received a $2 billion investment from an Emirati state-owned firm in the form of USD1, the stablecoin developed by the Trump family’s crypto platform World Liberty financial.
“We don't have billions of dollars,” Rodriguez said. “We don't have the same type of influence people like that have.”
Daily Debrief NewsletterStart every day with the top news stories right now, plus original features, a podcast, videos and more.
2025-12-15 22:324mo ago
2025-12-15 17:264mo ago
J.P. Morgan is quietly becoming crypto's biggest on-chain bank with latest Ethereum launch
J.P. Morgan has taken another decisive step into public blockchain finance with the launch of its first tokenized money market fund on Ethereum.
This comes just days after executing a landmark $50 million commercial paper issuance on Solana.
The back-to-back moves position the world’s largest systemically important bank as one of the fastest adopters of decentralized financial infrastructure.
The two transactions, executed on two of the world’s largest public blockchains, show that JPMorgan is no longer experimenting at the edges of tokenization. It is now building a multi-chain strategy in real time.
Ethereum for funds, Solana for debt: A multi-chain roadmap emerges
Last week, J.P. Morgan arranged a $50 million U.S. commercial paper issuance for Galaxy Digital on Solana.
This is one of the earliest instances of debt being issued and settled entirely on a public blockchain.
The deal included delivery-versus-payment settlement and redemption flows processed in USDC stablecoins, with Coinbase and Franklin Templeton acting as major buyers.
Today’s announcement expands the strategy further. The bank has launched My OnChain Net Yield Fund [MONY], a tokenized money market fund issued on Ethereum and made available to qualified investors through Morgan Money, the firm’s liquidity management platform.
MONY invests in U.S. Treasuries and fully collateralized repo agreements, with tokens representing fund shares held directly in investors’ blockchain addresses.
In effect, J.P. Morgan now supports on-chain debt issuance on Solana and tokenized yield instruments on Ethereum — a clear distribution of use cases across blockchains with different strengths.
Tokenized finance enters the institutional mainstream
By choosing public networks over private enterprise blockchains, J.P. Morgan is signaling that the next wave of financial infrastructure will be built on open settlement layers, not walled gardens.
Solana’s high throughput makes it attractive for real-time capital markets applications, while Ethereum’s security and ecosystem depth make it a natural venue for institutional yield instruments.
MONY marks the first time a global systemically important bank has launched a tokenized money fund on a public chain.
Also, because Morgan Money now supports both traditional and blockchain-native instruments, investors can subscribe and redeem with cash or stablecoins.
This step blurs the line between money market funds and institutional stablecoin liquidity.
J.P. Morgan executives say the move reflects rising demand for tokenized assets and a shift toward more efficient market infrastructure. The firm expects other GSIB banks to follow.
A strategic pivot years in the making
J.P. Morgan’s recent activity stands in stark contrast to the cautious posture most banks have taken toward public crypto networks.
Instead of limiting blockchain work to proprietary systems such as Onyx or closed consortium chains, the bank is now executing real transactions on Ethereum and Solana — and doing so at scale.
The commercial paper issuance demonstrated that public networks can support institutional debt markets.
Also, MONY now demonstrates that regulated yield instruments can be issued, transferred, and redeemed on-chain like traditional funds.
Together, the announcements show that J.P. Morgan is building the first multi-chain institutional finance stack.
Final Thoughts
J.P. Morgan’s use of Ethereum and Solana for live institutional products shows a deliberate pivot toward public-chain financial infrastructure.
With tokenized funds and debt now live, the bank is emerging as the most aggressive adopter of on-chain capital markets among global institutions.
2025-12-15 21:354mo ago
2025-12-15 16:154mo ago
EPR Properties Declares Monthly Dividend for Common Shareholders and Quarterly Dividends for Preferred Shareholders
KANSAS CITY, Mo.--(BUSINESS WIRE)--EPR Properties (NYSE:EPR) declared its monthly cash common dividend & quarterly preferred dividends payable 1/15/26 to shareholders as of 12/31/25.
2025-12-15 21:354mo ago
2025-12-15 16:154mo ago
WM Announces Planned 14.5% Dividend Increase and $3 Billion Share Repurchase Authorization, Positioning the Company to Deliver Outsized Shareholder Returns in 2026
HOUSTON--(BUSINESS WIRE)--WM (NYSE: WM) today announced that its Board of Directors has approved a capital allocation program that includes a planned 14.5% increase in the 2026 dividend rate and a new $3 billion share repurchase authorization, superseding the authority remaining under the prior $1.5 billion repurchase authorization announced in 2023. The planned quarterly dividend rate of $0.945 per share in 2026, up from $0.825 per share in 2025, marks the twenty-third consecutive year of divi.
NEW YORK--(BUSINESS WIRE)--Octave Specialty Group, Inc. (NYSE: OSG) today announced that as a result of a review process, the Audit Committee of its Board of Directors has approved the engagement of Ernst & Young LLP (“EY”) as the Company's independent registered public accounting firm for the Company's fiscal year ended December 31, 2026, subject to completion of EY's client acceptance procedures and the execution of an engagement letter. KPMG LLP (“KPMG”), the Company's current independen.
ATLANTA--(BUSINESS WIRE)--The board of directors of Ameris Bancorp (NYSE: ABCB) (the “Company”) has declared a dividend of $0.20 per share of the Company's common stock, payable on January 5, 2026, to shareholders of record as of December 31, 2025. About Ameris Bancorp Ameris Bancorp is the parent of Ameris Bank, a state-chartered bank headquartered in Atlanta, Georgia. Ameris operates financial centers in five southeastern states and serves consumer and business customers nationwide through se.
2025-12-15 21:334mo ago
2025-12-15 16:154mo ago
HeartSciences Reports Fiscal Second Quarter 2026 Financial Results and Provides Business Update
Southlake, TX, Dec. 15, 2025 (GLOBE NEWSWIRE) -- HeartSciences Inc. (Nasdaq: HSCS) (“HeartSciences” or the “Company”), a healthcare information technology (“HIT”) company focused on advancing electrocardiography (“ECG” or “EKG”) through the integration of artificial intelligence (“AI”), today reported financial results for its fiscal second quarter ended October 31, 2025 (“FQ2 2026”) and provided a business update.
2025-12-15 21:334mo ago
2025-12-15 16:154mo ago
Community Health Systems, Inc. Announces Redemptions of Senior Secured Notes
FRANKLIN, Tenn.--(BUSINESS WIRE)--Community Health Systems, Inc. (NYSE: CYH) (the “Company”) announced today that, on December 15, 2025, its wholly owned subsidiary, CHS/Community Health Systems, Inc., completed the redemption of (i) all $13,749,000 in outstanding principal amount of its 5.625% Senior Secured Notes due 2027 and (ii) $222,500,000 in outstanding principal amount of its 10.875% Senior Secured Notes due 2032 (the “2032 Notes”). As of the date hereof and after giving effect to the f.
JERSEY CITY, NJ / ACCESS Newswire / December 15, 2025 / Amdocs (NASDAQ:DOX), a leading provider of software and services to communications and media companies, has filed its Annual Report on Form 20-F for the fiscal year ended September 30, 2025 (including its financial statements for such year) with the U.S. Securities and Exchange Commission. The annual report is available through the Company's website (https://investors.amdocs.com/financial-information/sec-filings). Upon the request of a shareholder of the Company, the Company will promptly provide to such shareholder a copy of the 2025 annual report, free of charge.
Supporting Resources
Keep up with Amdocs news by visiting the company's website
Follow us on X, Facebook, LinkedIn and YouTube
About Amdocs
Amdocs empowers the world's leading communications and media companies to accelerate innovation and deliver exceptional customer experiences at scale. Our comprehensive portfolio of software products and services enable service providers to harness the transformative power of artificial intelligence, driving digital modernization, cloud adoption, intelligent network automation, and new revenue opportunities. With our talented people across the globe, we partner with our customers to turn advanced technology into measurable business outcomes, enriching lives and advancing a more connected society. Together, we help those who shape the future to make it amazing. Listed on the NASDAQ Global Select Market, Amdocs reported revenue of $4.53 billion in fiscal 2025.
Contacts:
Matthew Smith
Head of Investor Relations
Amdocs
Tel: +1 (314) 212-8328
E-mail: [email protected]
, /PRNewswire/ -- Ameren Corporation (NYSE: AEE) announced today that Jamie L. Engstrom has been elected to the Ameren board of directors, effective Jan. 1, 2026.
Jamie L. Engstrom has been elected to the Ameren board of directors, effective Jan. 1, 2026.
Engstrom has served as the senior vice president and global chief information officer of Caterpillar Inc. since 2020. Caterpillar is a leading manufacturer of construction and mining equipment, off-highway diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. Engstrom previously served as chief information officer of Caterpillar Financial Services Corporation from 2018 to 2020, following numerous other leadership roles in information technology since joining Caterpillar in 1999.
"We are extremely pleased to have Jamie join Ameren's board of directors," said Martin J. Lyons, chairman, president and chief executive officer of Ameren. "As we continue to transform our business and leverage technology to provide reliable, resilient and affordable energy, Jamie's extensive expertise in information systems, risk management, cybersecurity and digital transformations will bring immediate value to our customers, shareholders and the board of directors."
Engstrom earned a Master of Business Administration from Bradley University and a Bachelor of Science in business management and business information systems from Illinois State University.
About Ameren Corporation
St. Louis-based Ameren Corporation powers the quality of life for 2.5 million electric customers and more than 900,000 natural gas customers in a 64,000-square-mile area through its Ameren Missouri and Ameren Illinois rate-regulated utility subsidiaries. Ameren Illinois provides electric transmission and distribution service and natural gas distribution service. Ameren Missouri provides electric generation, transmission and distribution service, as well as natural gas distribution service. Ameren Transmission Company of Illinois develops, owns and operates rate-regulated regional electric transmission projects in the Midcontinent Independent System Operator, Inc. For more information, visit Ameren.com, or follow us at @AmerenCorp, Facebook.com/AmerenCorp, or LinkedIn.com/company/Ameren.
SOURCE Ameren Corporation
2025-12-15 21:334mo ago
2025-12-15 16:154mo ago
Shattuck Labs, Inc. Announces Inducement Grants Under Nasdaq Listing Rule 5635(c)(4)
AUSTIN, TX and DURHAM, NC, Dec. 15, 2025 (GLOBE NEWSWIRE) -- Shattuck Labs, Inc. (“Shattuck” or the “Company”) (NASDAQ: STTK), a clinical-stage biotechnology company pioneering the development of novel therapeutics targeting tumor necrosis factor (TNF) superfamily receptors for the treatment of patients with inflammatory and immune-mediated diseases, today announced that it has granted inducement equity awards on December 10, 2025 (the “Grant Date”) to a newly-hired non-executive officer.
The inducement awards consist of non-qualified stock options to purchase 206,000 shares of Shattuck’s common stock with an exercise price of $3.23 per share. The stock options have a maximum term of 10 years. A total of 25% of the award will vest on November 17, 2026, with the remainder vesting in equal monthly installments over the subsequent 36 months. The stock options were granted as a material inducement to the individual’s employment and were approved by Shattuck’s independent Compensation Committee, in accordance with Nasdaq Listing Rule 5635(c)(4). The stock options were granted outside of the Company’s 2020 Equity Incentive Plan, but are generally subject to the same terms and conditions that apply to awards granted under such plan.
About Shattuck Labs, Inc.
Shattuck Labs, Inc. is a clinical-stage biotechnology company specializing in the development of potential treatments for inflammatory and immune-mediated diseases. The Company is developing a potentially first-in-class antibody for the treatment of inflammatory bowel disease (IBD) and other inflammatory and immune-mediated diseases. Shattuck’s expertise in protein engineering and the development of novel TNF receptor therapeutics come together in its lead program, SL-325, a potentially first-in-class DR3 antagonist antibody designed to achieve a more complete blockade of the clinically validated DR3/TL1A pathway. The Company has offices in both Austin, Texas and Durham, North Carolina. For more information, please visit: www.ShattuckLabs.com.
Investor & Media Contact:
Andrew R. Neill
Chief Financial Officer
Shattuck Labs, Inc. [email protected]
2025-12-15 21:334mo ago
2025-12-15 16:154mo ago
Saga Communications, Inc. Repurchases 2.8% of Outstanding Shares
GROSSE POINTE FARMS, Mich., Dec. 15, 2025 (GLOBE NEWSWIRE) -- Saga Communications, Inc. (Nasdaq - SGA) (the “Company,” “Saga” or “our”) today announced that it repurchased 184,215 shares of its common stock for an aggregate purchase price of approximately $2.1 million, or $11.50 per share, through a privately negotiated transaction. The repurchased shares represent approximately 2.8% of the company’s currently outstanding common stock, based on 6,556,621 shares outstanding as of December 11, 2025. After closing, these shares were returned to treasury and are no longer outstanding.
Chief Financial Officer Samuel Bush commented, “We are pleased to announce the completion of a privately negotiated stock repurchase transaction, which underscores our ongoing commitment to deliver value to our shareholders. This transaction reflects our confidence in the company’s long-term strategy and financial strength, while providing us with greater flexibility to manage our capital structure. We remain focused on disciplined capital allocation and generating a meaningful return for all stakeholders.”
Saga is a media company whose business provides radio, digital, e-commerce, local on-line news and non-traditional revenue initiatives. Saga operates in 28 markets and provides services to national, regional and local advertisers to meet their growing advertising needs. For additional information, contact us at (313) 886-7070 or visit our website at www.sagacom.com.
This press release contains certain forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 that are based upon current expectations and involve certain risks and uncertainties. Words such as “will,” “may,” “believes,” “intends,” “expects,” “anticipates,” “guidance,” and similar expressions are intended to identify forward-looking statements. The material risks facing our business are described in the reports Saga periodically files with the U.S. Securities and Exchange Commission, including, in particular, Item 1A of our Annual Report on Form 10-K. Readers should note that forward-looking statements may be impacted by several factors, including global, national, and local economic changes and changes in the radio broadcast industry in general as well as Saga’s actual performance. Saga undertakes no obligation to update any information contained herein that constitutes a forward-looking statement.
Contact:
Samuel D. Bush
(313) 886-7070
2025-12-15 21:334mo ago
2025-12-15 16:154mo ago
Blackstone Mortgage Trust Declares $0.47 Per Share Dividend
NEW YORK--(BUSINESS WIRE)--Blackstone Mortgage Trust, Inc. (NYSE: BXMT) declared a dividend of $0.47 per share of class A common stock with respect to the fourth quarter of 2025. This dividend is payable on January 15, 2026, to stockholders of record as of the close of business on December 31, 2025. About Blackstone Mortgage Trust Blackstone Mortgage Trust (NYSE: BXMT) is a real estate finance company that originates, acquires and manages senior loans and other debt or credit-oriented investmen.
2025-12-15 21:334mo ago
2025-12-15 16:304mo ago
PayPal Submits Applications to Establish an Industrial Bank to Expand Access to Financial Services for U.S. Small Businesses
, /PRNewswire/ -- PayPal Holdings, Inc. (NASDAQ: PYPL) today announced it has submitted applications to the Utah Department of Financial Institutions and the Federal Deposit Insurance Corporation to establish PayPal Bank, a proposed Utah-chartered industrial loan company.
Since 2013, PayPal has provided access to over $30 billion in loans and working capital to more than 420,000 business accounts worldwide, filling a critical gap for small businesses seeking capital to expand, buy inventory, or invest in the people and tools needed to thrive. As proposed, PayPal Bank would enable PayPal to provide business lending solutions more efficiently to small businesses in the U.S., while reducing reliance on third parties and strengthening PayPal's business.
"Securing capital remains a significant hurdle for small businesses striving to grow and scale," said Alex Chriss, President and Chief Executive Officer, PayPal. "Establishing PayPal Bank will strengthen our business and improve our efficiency, enabling us to better support small business growth and economic opportunities across the U.S."
In addition to providing small business lending solutions, PayPal Bank expects to offer interest-bearing savings accounts to customers. PayPal Bank would also seek direct membership in the U.S. with card networks to complement processing and settlement activities through existing banking relationships.
If approved, customer deposits at PayPal Bank would be eligible for FDIC insurance coverage. Mara McNeill has been selected to serve as PayPal Bank's President, with over 25 years of financial services experience in banking, commercial lending, and private equity. Before joining PayPal, she served as President and CEO of Toyota Financial Savings Bank.
Forward-Looking Statements
This press release contains "forward-looking" statements within the meaning of applicable securities laws. Forward-looking statements and information relate to future events and future performance and reflect, among other things, the possibility that approval may not be obtained and the expected benefits from establishing PayPal Bank. Forward-looking statements may be identified by words such as "seek", "believe", "plan", "estimate", "anticipate", "expect", "project", "forecast", or intend", and statements that an event or result "may"" "will", "should", "could", or "might" occur or be achieved and any other similar expressions.
Forward-looking statements involve risks and uncertainties which may cause actual results to differ materially from the statements made. More information about these and other factors can be found in PayPal Holdings, Inc.'s most recent Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, Current Reports on Form 8-K and other filings with the Securities and Exchange Commission (the "SEC"), and its future filings with the SEC.
The forward-looking statements contained in this press release speak only as of the date hereof. PayPal expressly disclaims any obligation or undertaking to disseminate any updates or revisions to any forward-looking statements contained herein to reflect any change in the expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based.
About PayPal
PayPal has been revolutionizing commerce globally for more than 25 years. Creating innovative experiences that make moving money, selling, and shopping simple, personalized, and secure, PayPal empowers consumers and businesses in approximately 200 markets to join and thrive in the global economy. For more information, visit https://www.paypal.com, https://about.pypl.com/ and https://investor.pypl.com/.
Investor Relations Contact
[email protected]
Media Relations Contact
[email protected]
SOURCE PayPal, Inc.
2025-12-15 21:334mo ago
2025-12-15 16:304mo ago
NEUBERGER BERMAN MUNICIPAL FUND ANNOUNCES MONTHLY DISTRIBUTION
, /PRNewswire/ -- Neuberger Berman Municipal Fund Inc. (NYSE American: NBH) (the "Fund") has announced a distribution declaration of $0.05417 per share of common stock. The distribution announced today is payable on January 15, 2026, has a record date of December 31, 2025, and has an ex-date of December 31, 2025. The Fund seeks to provide income that is exempt from regular federal income tax. Distributions of the Fund may be subject to the federal alternative minimum tax for some stockholders.
The distribution announced today, as well as future distributions, may consist of net investment income, realized capital gains, and return of capital. In the event the Fund distributes more than its net investment income during any yearly period, such distributions may also include realized gains and/or a return of capital. To the extent that a distribution includes a return of capital, the NAV per share may decline and an investor's cost basis of their shares will be reduced. In compliance with Section 19 of the Investment Company Act of 1940, as amended, a notice would be provided for any distribution that does not consist solely of net investment income. The notice would be for informational purposes and not for tax reporting purposes, and would disclose, among other things, estimated portions of the distribution, if any, consisting of net investment income, capital gains and return of capital. The final determination of the source and tax characteristics of all distributions paid in 2026 will be made after the end of the year.
About Neuberger Berman
Neuberger Berman is an employee-owned, private, independent investment manager founded in 1939 with over 2,900 employees in 26 countries. The firm manages $558 billion of equities, fixed income, private equity, real estate and hedge fund portfolios for global institutions, advisors and individuals. Neuberger's investment philosophy is founded on active management, fundamental research and engaged ownership. The firm has been named the #1 Best Place to Work in Money Management by Pensions & Investments and has placed #1 or #2 for each of the last eleven years (firms with more than 1,000 employees). Visit www.nb.com for more information, including www.nb.com/disclosure-global-communications for information on awards. Data as of September 30, 2025.
Statements made in this release that look forward in time involve risks and uncertainties. Such risks and uncertainties include, without limitation, the adverse effect from a decline in the securities markets or a decline in the Fund's performance, a general downturn in the economy, competition from other closed end investment companies, changes in government policy or regulation, inability of the Fund's investment adviser to attract or retain key employees, inability of the Fund to implement its investment strategy, inability of the Fund to manage rapid expansion and unforeseen costs and other effects related to legal proceedings or investigations of governmental and self-regulatory organizations.
Contact:
Neuberger Berman Investment Advisers LLC
Investor Information
(877) 461-1899
SOURCE Neuberger Berman
2025-12-15 21:334mo ago
2025-12-15 16:304mo ago
Planet Fitness, Inc. Completes Refinancing Transaction
, /PRNewswire/ -- Planet Fitness, Inc. (NYSE: PLNT) (together with its subsidiaries, the "Company") today announced that it has completed its previously announced refinancing transaction.
The new series of securitized notes (the "2025 Notes") consist of $750 million Class A-2 Senior Secured Notes issued in two tranches: the Class A-2-I Senior Secured Notes with an anticipated repayment date of five years, with a principal amount of $400 million and a fixed interest rate of 5.274% per annum, payable quarterly; and the Class A-2-II Senior Secured Notes with an anticipated repayment date of seven years, with a principal amount of $350 million and a fixed interest rate of 5.649% per annum, payable quarterly.
In addition, the 2025 Notes include a revolving financing facility that allows for the issuance of up to $75 million in variable funding notes (the "Variable Funding Notes"), in addition to the existing $75 million 2022-1 Variable Funding Senior Secured Notes, Class A-1. As of the closing, none of the Variable Funding Notes have been drawn.
The proceeds from the placement of the 2025 Notes will be used as follows:
to repay in full the Series 2022-1 Class A-2-I Notes, which as of September 30, 2025, had a principal balance (together with accrued and unpaid interest thereon) of approximately $410 million;
to pay the transaction costs and fund the reserve accounts associated with the securitized financing facility; and
for general corporate purposes, including funding share repurchases by the Company.
This press release does not constitute an offer to sell or the solicitation of an offer to buy the 2025 Notes or any other security. The 2025 Notes to be offered have not been, and will not be, registered under the Securities Act of 1933 and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act of 1933.
About Planet Fitness
Founded in 1992 in Dover, NH, Planet Fitness is one of the largest and fastest-growing franchisors and operators of fitness centers in the world by number of members and locations. As of September 30, 2025, Planet Fitness had approximately 20.7 million members and 2,795 clubs in all 50 states, the District of Columbia, Puerto Rico, Canada, Panama, Mexico, Australia and Spain. The Company's mission is to enhance people's lives by providing a high-quality fitness experience in a welcoming, non-intimidating environment, which we call the Judgement Free Zone®. More than 90% of Planet Fitness clubs are owned and operated by independent business men and women.
Forward-Looking Statements
This press release contains "forward-looking statements" within the meaning of the federal securities laws, which involve risks and uncertainties. Forward-looking statements include the Company's statements with respect to the expected use of proceeds from the sale of the Class A-2 Notes, including share repurchases and other statements, estimates and projections that do not relate solely to historical facts. Forward-looking statements can be identified by words such as "believe," "expect," "goal," "plan," "will," "prospects," "future," "strategy" and similar references to future periods, although not all forward-looking statements include these identifying words. Forward-looking statements are not assurances of future performance. Instead, they are based only on the Company's current beliefs, expectations and assumptions regarding the future of the business, future plans and strategies, projections, anticipated events and trends, 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 the Company's control. Actual results and financial condition may differ materially from those indicated in the forward-looking statements. Important factors that could cause our actual results to differ materially include risks and uncertainties associated with the Company's ability to consummate the refinancing transaction on terms acceptable to the Company or at all, capital markets conditions, the Company's substantial increased indebtedness as a result of the transaction and its ability to incur additional indebtedness or refinance that indebtedness in the future, the Company's future financial performance and the Company's ability to pay principal and interest on its indebtedness, competition in the fitness industry, the Company's and franchisees' ability to attract and retain members, the Company's and franchisees' ability to identify and secure suitable sites for new franchise clubs, changes in consumer demand, changes in equipment costs, the Company's ability to expand into new markets domestically and internationally, operating costs for the Company and franchisees generally, availability and cost of capital for franchisees, acquisition activity, developments and changes in laws and regulations, our substantial increased indebtedness as a result of our refinancing and securitization transactions and our ability to incur additional indebtedness or refinance that indebtedness in the future, our future financial performance and our ability to pay principal and interest on our indebtedness, our corporate structure and tax receivable agreements, failures, interruptions or security breaches of the Company's information systems or technology, adverse developments in the U.S. or global capital markets, credit markets or economies generally that could significantly impact the Company's ability to implement or realize the benefits of the accelerated share repurchase as currently planned, general economic conditions and the other factors described in the Company's annual report on Form 10-K for the year ended December 31, 2024, the Company's quarterly report on Form 10-Q for the quarter ended September 30, 2025, as well as the Company's other filings with the Securities and Exchange Commission. In light of the significant risks and uncertainties inherent in forward-looking statements, investors should not place undue reliance on forward-looking statements, which reflect the Company's views only as of the date of this press release. Except as required by law, neither the Company nor any of its affiliates or representatives undertake any obligation to provide additional information or to correct or update any information set forth in this release, whether as a result of new information, future developments or otherwise. All forward-looking statements attributable to us are expressly qualified by these cautionary statements.
SOURCE Planet Fitness, Inc.
2025-12-15 21:334mo ago
2025-12-15 16:304mo ago
GEE Group to Hold Investor Conference Call to Discuss 2025 Fiscal Year and Fourth Quarter Results
JACKSONVILLE, FL / ACCESS Newswire / December 15, 2025 / GEE Group Inc. (NYSE American:JOB) together with its subsidiaries (collectively referred to as the "Company", "GEE Group", "us", "our", or "we"), a provider of professional staffing services and human resource solutions, today announced that it will hold an investor webcast/conference call on Thursday, December 18, 2025 at 11a.m. EST to review and discuss its September 30, 2025 Fiscal Year and Fourth Quarter results. The Company expects to report those results after the close of business on Wednesday, December 17, 2025. The Company's prepared remarks will be posted on its website www.geegroup.com prior to the call.
Investor Conference Call/Webcast Information
The investor conference call will be webcast, and you should pre-register in advance for the event to view and/or listen via the internet by clicking on the link below to join the conference call/webcast from your laptop, tablet or mobile device. Audio will stream through your selected device, so be sure to have headphones or your volume turned up. Questions can be submitted via email after the prepared remarks are delivered with management responding real time. A full replay of the investor conference call/webcast will be available at the same link shortly after the conclusion of the live event.
A confirmatory email will be sent to each registrant to acknowledge a successful registration.
About GEE Group
GEE Group Inc. is a provider of specialized staffing solutions and is the successor to employment offices doing business since 1893. The Company provides professional staffing services and solutions in information technology, engineering, finance and accounting specialties through the names of Access Data Consulting, Agile Resources, Omni-One, GEE Group Columbus, Hornet Staffing and Paladin Consulting. Also, in the healthcare sector, GEE Group, through its Scribe Solutions brand, staffs medical scribes who assist physicians in emergency departments of hospitals and in medical practices by providing required documentation for patient care in connection with electronic medical records (EMR). The Company provides contract and direct hire professional staffing services through the following SNI brands: Accounting Now®, SNI Technology®, Legal Now®, SNI Financial®, Staffing Now®, SNI Energy®, and SNI Certes.
Forward-Looking Statements Safe Harbor
In addition to historical information, this press release contains statements relating to possible future events and/or the Company's future results (including results of business operations, certain projections, future financial condition, pro forma financial information, and business trends and prospects) that are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Act of 1934, as amended, (the "Exchange Act"), and the Private Securities Litigation Reform Act of 1995 and are subject to the "safe harbor" created by those sections. The statements made in this press release that are not historical facts are forward-looking statements that are predictive in nature and depend upon or refer to future events. These forward-looking statements include, without limitation, anticipated cash flow generation and expected shareholder benefits. Such forward-looking statements often contain, or are prefaced by, words such as "will", "may," "plans," "expects," "anticipates," "projects," "predicts," "pro forma", "estimates," "aims," "believes," "hopes," "potential," "intends," "suggests," "appears," "seeks," or variations of such words or similar words and expressions of future tense. Forward-looking statements are not guarantees of future performance, are based on certain assumptions, and are subject to various known risks and uncertainties, many of which are beyond the Company's control, and cannot be predicted or quantified and, consequently, as a result of a number of factors, the Company's actual results could differ materially from those expressed or implied by such forward-looking statements. The international pandemic, the "Novel Coronavirus" ("COVID-19"), negatively impacted and disrupted the Company's business operations and had a significant negative impact on the global economy and employment in general, resulting in, among other things, a lack of demand for the Company's services. This was exacerbated by government and client directed "quarantines", "remote working", "shut-downs" and "social distancing". Some of these outcomes or by-products of the pandemic have persisted in one form or another since and there is no assurance that conditions will ever fully return to their former pre-pandemic status quo. These and certain other factors that might cause the Company's actual results to differ materially from those in the forward-looking statements include, without limitation: (i) the loss, default or bankruptcy of one or more customers; (ii) changes in general, regional, national or international economic conditions; (iii) an act of war or terrorism, industrial accidents, or cyber security breach that disrupts business; (iv) changes in the law and regulations; (v) the effect of liabilities and other claims asserted against the Company including the failure to repay indebtedness or comply with lender covenants including the lack of liquidity to support business operations and the inability to refinance debt, failure to obtain necessary financing or the inability to access the capital markets and/or obtain alternative sources of capital; (vi) changes in the size and nature of the Company's competition; (vii) the loss of one or more key executives; (viii) increased credit risk from customers; (ix) the Company's failure to grow internally or by acquisition or the failure to successfully integrate acquisitions; (x) the Company's failure to improve operating margins and realize cost efficiencies and economies of scale; (xi) the Company's failure to attract, hire and retain quality recruiters, account managers and salesmen; (xii) the Company's failure to recruit qualified candidates to place at customers for contract or full-time hire; (xiii) the adverse impact of geopolitical events, government mandates, natural disasters or health crises, force majeure occurrences, future global pandemics such as COVID-19 or other harmful viral or non-viral rapidly spreading diseases and such other factors as set forth under the heading "Forward-Looking Statements" in the Company's annual reports on Form 10-K, its quarterly reports on Form 10-Q and in the Company's other filings with the Securities and Exchange Commission (SEC). More detailed information about the Company and the risk factors that may affect the realization of forward-looking statements is set forth in the Company's filings with the SEC. Investors and security holders are urged to read these documents free of charge on the SEC's web site at http://www.sec.gov. The Company is under no obligation to (and expressly disclaims any such obligation to) and does not intend to publicly update, revise, or alter its forward-looking statements whether as a result of new information, future events or otherwise.
Contact:
GEE Group Inc.
Kim Thorpe
630.954.0400
[email protected]
SOURCE: GEE Group Inc.
2025-12-15 21:334mo ago
2025-12-15 16:304mo ago
Hormel Foods and Forward Consumer Partners Complete Transaction to Establish Justin's as a Standalone Company
, /PRNewswire/ -- Hormel Foods Corporation (NYSE: HRL), a Fortune 500 global branded food company, and Forward Consumer Partners ("Forward"), a private investment firm focused on branded consumer products, today announced the completion of the previously announced transaction to form a new strategic partnership for the Justin's® brand.
(PRNewsfoto/Justin’s)
Under the terms of the agreement, Justin's will operate as a standalone company, owned 51% by Forward and 49% by Hormel Foods. The business includes category-leading products such as nut butters and USDA-certified organic chocolate confections.
This transaction marks an exciting new chapter for the Justin's® brand, with the return of founder Justin Gold as a strategic advisor and member of the new partnership's board of directors, and former chief executive officer Peter Burns, who will serve as the new company's chief executive officer. Burns will work alongside a seasoned leadership team and board members who bring deep expertise in building consumer brands:
Hunt Killough (chief growth & strategy officer), Mark Doiron (chief sales officer), and Jeff Perkel (senior vice president of marketing & e-commerce) return to Justin's, having previously served in leadership positions at the company prior to its sale to Hormel Foods in 2016.
David Ziegert (chief operating officer) and Randy Gilbride (vice president of brand & commercial strategy) join the new partnership with extensive packaged foods experience and prior collaboration with Peter.
Val Oswalt joins the new partnership's board of directors. Val currently serves as chief executive officer of Kodiak and is a founding member of Forward's advisory board. Val has an exceptional track record of building teams, brands, and businesses at The Campbell's Company, Mondelēz International Inc., and more.
"We are thrilled to welcome the Justin's® brand into the Forward family," remarked Matt Leeds, Forward's managing partner. "This is a beloved brand with incredible potential, and we look forward to supporting its continued growth and success in the years ahead."
"We are excited about the opportunity ahead for the Justin's® brand," said John Ghingo, president, Hormel Foods. "This new partnership provides the focus and resources to help the business grow and also reflects how Hormel Foods is thinking differently about unlocking growth for our brands."
About the Justin's® brand
Established in 2004 in the home kitchen of health enthusiast Justin Gold, Justin's supports an on-the-go lifestyle with an extensive line of naturally delicious, high-quality nut butters, USDA-certified organic nut-butter cups and plant-based snacks. Justin's® products are known for delivering delicious taste, a "one-of-a-kind" grind texture and convenient nutrition. For more information about how Justin's is building a collective that is "nuts" about making the world a more resilient, well-fed place, visit justins.com.
About Forward Consumer Partners
Forward is a private investment firm focused on powerful brands that make beloved products. The firm was created to help build enduring consumer businesses, providing each portfolio company with the partnership, resources, experience, and ambition to make progress toward its potential. Forward manages $425 million of committed capital through its debut fund, which closed in 2023. Forward's portfolio includes Kodiak, Justin's, Firehook, Xochitl, Bar Keeper's Friend, Via Carota Craft Cocktails, and Papatui. For more information, please visit forwardconsumer.com.
About Hormel Foods — Inspired People. Inspired Food.™
Hormel Foods Corporation, based in Austin, Minnesota, is a global branded food company with over $12 billion in annual revenue. Its brands include PLANTERS®, SKIPPY®, SPAM®, HORMEL® NATURAL CHOICE®, APPLEGATE®, WHOLLY®, HORMEL® BLACK LABEL®, COLUMBUS®, JENNIE-O® and more than 30 other beloved brands. The company is a member of the S&P 500 Index and the S&P 500 Dividend Aristocrats, was named one of the best companies to work for by U.S. News & World Report, one of America's most responsible companies by Newsweek, recognized by TIME magazine as one of the World's Best Companies and has received numerous other awards and accolades for its corporate responsibility and community service efforts. The company lives by its purpose statement — Inspired People. Inspired Food.™ — to bring some of the world's most trusted and iconic brands to tables across the globe. For more information, visit hormelfoods.com.
Media Contact
[email protected]
[email protected]
SOURCE Hormel Foods Corporation
2025-12-15 21:334mo ago
2025-12-15 16:304mo ago
Gladstone Commercial Announces Issuance of $85 Million of Senior Unsecured Notes
MCLEAN, VA / ACCESS Newswire / December 15, 2025 / Gladstone Commercial Corporation (Nasdaq:GOOD) ("Gladstone Commercial") today announced that its subsidiary, Gladstone Commercial Limited Partnership ("Gladstone LP"), has closed $85 million in aggregate principal amount of 5.99% senior unsecured notes due December 15, 2030 (the "Notes"), in a private placement with certain institutional investors.
Gladstone LP plans to use the proceeds to, among other things, repay outstanding indebtedness under its senior unsecured revolving credit facility, and for general corporate purposes.
"We are excited by the support of superior, long-term institutional investors in this debt private placement, which was executed on attractive terms. In addition, this marks our second issuance in the long-term unsecured debt market and the continuance of our movement away from secured mortgage debt," stated Buzz Cooper, President of Gladstone Commercial.
The Notes have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "Act"), or any state securities laws and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Act and applicable state securities laws. This press release does not constitute an offer to sell, or the solicitation of an offer to buy, any security and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale would be unlawful.
Huntington Securities, Inc. and Fifth Third Securities, Inc acted as Co-Lead Placement Agents. Keybanc Capital Markets Inc., Bank of America Securities, Inc. and Goldman Sachs & Co. LLC served as Co-Placement Agents. Squire Patton Boggs (US) LLP acted as counsel to Gladstone Commercial and Gladstone LP, and Venable LLP acted as Maryland counsel to Gladstone Commercial. Chapman and Cutler LLP acted as counsel to the purchasers.
About Gladstone Commercial (Nasdaq:GOOD)
Gladstone Commercial is a real estate investment trust focused on acquiring, owning and operating net leased industrial and office properties across the United States. As of September 30, 2025, Gladstone Commercial's real estate portfolio consisted of 151 properties located in 27 states, totaling approximately 17.7 million square feet. For additional information, please visit www.gladstonecommercial.com.
Investor or Media Inquiries:
Buzz Cooper
Catherine Gerkis
President
Director of Investor Relations/ESG
(703) 287-5815
(703) 287-5846
[email protected]
[email protected]
All statements contained in this press release, other than historical facts, may constitute "forward-looking statements" within the meaning of Section 27A of the Act and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). Forward-looking statements involve inherent risks and uncertainties as they relate to expectations, beliefs, projections, future plans and strategies, anticipated events, or trends concerning matters that are not historical facts and may ultimately prove to be incorrect or false. Forward-looking statements include information about possible or assumed future events, including, without limitation, those relating to the expected use of proceeds from the sale of the Notes. Words such as "may," "will," "anticipate," "future," "could," "plan," "intend," "expect," "would," and "possible," and variations of these words and similar expressions are intended to identify forward-looking statements, though not all forward-looking statements contain these words. Forward-looking statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties, and other factors that could cause actual results to differ materially from those included within or contemplated by such statements, including, but not limited to, the description of risks and uncertainties in "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" of Gladstone Commercial's Annual Report on Form 10-K for the fiscal year ended December 31, 2024, as filed with the Securities and Exchange Commission (the "SEC") on February 18, 2025, and certain other filings made with the SEC. Gladstone Commercial cautions readers not to place undue reliance on any such forward-looking statements which speak only as of the date made. Gladstone Commercial undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
For further information: Gladstone Commercial Corporation, (703) 287-5893
For Investor Relations inquiries related to any of the monthly dividend paying Gladstone funds, please visit www.gladstonecompanies.com.
SOURCE: Gladstone Commercial Corporation
2025-12-15 21:334mo ago
2025-12-15 16:304mo ago
Lightwave Logic, Inc. Announces Proposed Public Offering of Common Stock
ENGLEWOOD, CO / ACCESS Newswire / December 15, 2025 / Lightwave Logic, Inc. (Nasdaq:LWLG) (the "Company"), a technology platform company leveraging its proprietary electro-optic (EO) polymers to transmit data at higher speeds with less power in a small form factor, today announced that it is proposing to offer and sell its common stock in an underwritten public offering. The Company expects to grant the underwriters a 30-day option to purchase up to an additional 15% of the common stock offered in the public offering to cover over-allotments, if any. All of the common stock is being offered by the Company.
The Company plans to allocate the net proceeds for working capital and other general corporate purposes, and may use a portion of the net proceeds to accelerate its commercialization timeline, accelerate and expand its U.S. production capacity to support customer partnerships and design-ins, to pursue strategic M&A or to invest in complementary technologies or businesses. The Company does not, however, have agreements or commitments to enter into any acquisitions, mergers or investments at this time.
Titan Partners is acting as the sole bookrunner for the offering.
A shelf registration statement relating to the common stock of the Company being offered was filed with the U.S. Securities and Exchange Commission (SEC) on Form S-3 (No. 333-281059) and was declared effective by the SEC on August 5, 2024. The offering is being made only by means of a preliminary prospectus supplement and a final prospectus supplement and the accompanying base prospectus that form a part of the registration statement. Before investing, prospective investors should read the preliminary prospectus supplement, the accompanying base prospectus and the documents incorporated by reference therein for more complete information about the Company and the offering. These documents, including the preliminary prospectus supplement relating to the offering, are available for free on the SEC's website at www.sec.gov. Copies of the final prospectus supplement, when available, and the accompanying base prospectus relating to the offering may be accessed for free on the SEC's website at www.sec.gov or obtained by contacting Titan Partners Group LLC, a division of American Capital Partners, LLC, 4 World Trade Center, 49th Floor, New York, NY 10007, by phone at (929) 833-1246 or by email at [email protected].
This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale is not permitted.
About Lightwave Logic, Inc.
Lightwave Logic, Inc. (NASDAQ: LWLG) www.lightwavelogic.com is a technology platform company leveraging its proprietary engineered electro-optic (EO) polymers to transmit data at higher speeds with less power in a small form factor. The Company's high activity and high stability organic polymers allow it to create next-generation photonic EO devices that convert data from electrical signals into light/optical signals for applications in telecommunications, and for data transmission potentially used to support generative AI.
For further information, contact:
Ryan Coleman or Nick Teves
Alpha IR Group for Lightwave Logic
[email protected]
312-445-2870
Safe Harbor Statements
This release contains or may imply "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. These forward-looking statements are not based on historical fact and include, but are not limited to, statements regarding the Company's anticipated public offering, including the completion of the public offering on the anticipated terms, if at all. Any forward-looking statements are based on management's current expectations of future events and are subject to a number of risks and uncertainties that could cause actual results to differ materially and adversely from those set forth in or implied by such forward-looking statements. These risks and uncertainties include, but are not limited to, risks and uncertainties related to market conditions and satisfaction of customary closing conditions related to the proposed public offering. For a discussion of other risks and uncertainties, and other important factors, any of which could cause our actual results to differ from those contained in the forward-looking statements, see the section entitled "Risk Factors" in the Company's Annual Report on Form 10-K for the year ended December 31, 2024, the Company's Quarterly Report on Form 10-Q for the quarter ended September 30, 2025 and in other filings that the Company makes with the SEC from time to time. There can be no assurance that any of the forward-looking information provided herein will be proven accurate. These forward-looking statements speak only as of the date hereof and the Company undertakes no obligation to update forward-looking statements, and readers are cautioned not to place undue reliance on such forward-looking statements.
SOURCE: Lightwave Logic
2025-12-15 21:334mo ago
2025-12-15 16:304mo ago
Ivanhoe Electric Closes $200 Million Bank Credit Facility to Support Santa Cruz Copper Project Development
Phoenix, Arizona--(Newsfile Corp. - December 15, 2025) - Ivanhoe Electric Inc. (NYSE American: IE) (TSX: IE) ("Ivanhoe Electric" or the "Company") Executive Chairman Robert Friedland and President and Chief Executive Officer Taylor Melvin are pleased to announce that Ivanhoe Electric's wholly-owned subsidiary, Mesa Cobre Holding Corporation, has closed its previously announced senior secured multi-draw bridge facility of $200 million (the "Bridge Facility") (refer to Ivanhoe Electric's November 13, 2025 news release). The Banking Syndicate is composed of National Bank of Canada, BMO Capital Markets, and Societe Generale as Joint-Lead Arrangers.
The Bridge Facility is a significant milestone in Ivanhoe Electric's long-term financing strategy for the Santa Cruz Copper Project in Arizona. It provides near-term balance sheet strength during ongoing project financing discussions as well as funding for the start of major construction activities at the Santa Cruz Copper Project in 2026. The facility complements ongoing discussions related to the broader project financing plan, which includes the potential for project-level minority equity investment and long-term project debt. On April 15, 2025, Ivanhoe Electric received a Letter of Interest from the U.S. Export-Import Bank ("EXIM") for $825 million of project debt (refer to Ivanhoe Electric's April 15, 2025 news release). The full application for funding from EXIM is in process. Ivanhoe Electric expects to complete the project financing process for the Santa Cruz Copper Project in mid-2026.
Summary of Key Terms of the Bridge Facility
$200 million senior secured multi-draw bridge facility
Two-year maturity term, with a single repayment at maturity
Three-month Secured Overnight Financing Rate plus a margin of 5.0%, increasing by 0.5% on each of the 6th, 12th, and 18th month following the closing date; the borrowing rate on drawn amounts as at the date of this news release would be approximately 8.7%
Customary arrangement fee and commitment fees on undrawn amounts
Secured by Ivanhoe Electric's private land holdings and certain physical assets associated with the Santa Cruz Copper Project
Endeavour Financial acted as financial advisor to Ivanhoe Electric on this transaction and has been engaged to secure project financing for the construction of the Santa Cruz Copper Project. Allen Overy Shearman Sterling US LLP acted as legal counsel to the Company with support from Dorsey & Whitney LLP in Arizona.
About Ivanhoe Electric
We are a United States domiciled minerals exploration company with a focus on developing mines from mineral deposits principally located in the United States. We seek to support American supply chain independence by finding and delivering copper and other critical metals vital to advanced manufacturing, infrastructure development, technology, and national security. We use our powerful Typhoon™ geophysical surveying system, together with advanced data analytics provided by our 94.3% owned subsidiary, Computational Geosciences Inc. ("CGI"), to accelerate and de-risk the mineral exploration process as we seek to discover new deposits of critical metals that may otherwise be undetectable by traditional exploration technologies. We believe the United States is significantly underexplored and has the potential to yield major new discoveries of critical metals. Our mineral exploration efforts focus on copper as well as other metals including nickel, cobalt, platinum group elements, gold and silver. Through the advancement of our portfolio of critical metals exploration projects, headlined by the Santa Cruz Copper Project in Arizona, we intend to contribute to domestic supply by developing resources that support industrial and strategic sectors. We also operate a 50/50 joint venture with Saudi Arabian Mining Company ("Maaden") to explore for minerals on ~48,500 km2 of underexplored Arabian Shield in Saudi Arabia. Finally, in 2024, we established an exploration alliance with BHP Mineral Resources Inc. ("BHP"), a subsidiary of BHP Group Limited, to search for critical minerals in the United States.
Website: ivanhoeelectric.com
Follow us on X
Ivanhoe Electric's Executive Chairman Robert Friedland: @robert_ivanhoeIvanhoe Electric: @ivanhoeelectric
Ivanhoe Electric's investor relations website located at www.ivanhoeelectric.com should be considered Ivanhoe Electric's recognized distribution channel for purposes of the Securities and Exchange Commission's Regulation FD.
Forward-Looking Statements
Certain statements in this news release constitute "forward-looking statements" or "forward-looking information" within the meaning of applicable U.S. and Canadian securities laws. Such statements and information involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of Ivanhoe Electric, its projects, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or information. Such statements can be identified by the use of words such as "may", "would", "could", "will", "intend", "expect", "believe", "plan", "anticipate", "estimate", "scheduled", "forecast", "predict", "target", "project" and other similar terminology, or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. These statements reflect Ivanhoe Electric's current expectations regarding future events, performance and results and speak only as of the date of this news release.
Such statements in this news release include, without limitation, statements related to: execution of definitive documentation on the terms currently contemplated for the Bridge Facility; satisfaction of closing conditions and the closing of the Bridge Facility in December 2025; satisfaction of drawdown requirements for draw of funds; the anticipated timing of the initial and subsequent drawdowns of the Bridge Facility; the obtaining of any other financing for the Santa Cruz Copper Project including from strategic and/or financial investors, project debt, and asset-level minority interest partners; the completion of the EXIM project financing process and anticipated timing; and the development of the Santa Cruz Copper Project.
Forward-looking statements are based on management's beliefs and assumptions and on information currently available to management. Such statements are subject to significant risks and uncertainties, and actual results may differ materially from those expressed or implied in the forward-looking statements due to various factors, including the inability to secure other sources of project financing or deliver on other aspects of the broader project financing plan; the inability to satisfy drawdown requirements or other requirements for the draw of funds under the Bridge Facility; changes in the prices of copper or other metals Ivanhoe Electric is exploring for; the results of exploration and drilling activities and/or the failure of exploration programs or studies to deliver anticipated results or results that would justify and support continued exploration, studies, development or operations; the final assessment of exploration results and information that is preliminary; the significant risk and hazards associated with any future mining operations, extensive regulation by the U.S. government as well as local governments; changes in laws, rules or regulations, or their enforcement by applicable authorities; the failure of parties to contracts with Ivanhoe Electric to perform as agreed; and the impact of political, economic and other uncertainties associated with operating in foreign countries, and the impact of the COVID-19 pandemic and the global economy. These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements and risk factors described in Ivanhoe Electric's Annual Report on Form 10-K filed and other disclosures with the U.S. Securities and Exchange Commission.
No assurance can be given that such future results will be achieved. Forward-looking statements speak only as of the date of this news release. Ivanhoe Electric cautions you not to place undue reliance on these forward-looking statements. Subject to applicable securities laws, Ivanhoe Electric does not assume any obligation to update or revise the forward-looking statements contained herein to reflect events or circumstances occurring after the date of this news release, and Ivanhoe Electric expressly disclaims any requirement to do so.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/278064
Source: Ivanhoe Electric
Ready to Announce with Confidence?
Send us a message and a member of our TMX Newsfile team will contact you to discuss your needs.
Contact Us
2025-12-15 21:334mo ago
2025-12-15 16:304mo ago
First Majestic Reports Continued Exploration Success at Santa Elena and Announces Senior Management Update
New drilling significantly expands the gold and silver mineralization of the Santo Niño and Navidad discoveries Drilling completed at Luna expected to convert substantial amount of Inferred Mineral Resources to Indicated Mineral Resources Start of scoping-level studies for Navidad and Santo Niño provide guidance on potential mining strategies Mani Alkhafaji promoted to President & Chief Corporate Development Officer Vancouver, British Columbia--(Newsfile Corp. - December 15, 2025) - First Majestic Silver Corp. (NYSE: AG) (TSX: AG) (FSE: FMV) (the "Company" or "First Majestic") is pleased to announce the start of preliminary mine planning studies for the Navidad and Santo Niño discoveries located at the Company's Santa Elena Silver/Gold Mine in Sonora, Mexico. Additionally, the Company announces positive exploration drilling results for the Santo Niño and Navidad targets that significantly increase the gold ("Au") and silver ("Ag") mineralization beyond the currently declared 2024 Inferred Resources.
2025-12-15 21:334mo ago
2025-12-15 16:324mo ago
Thumzup Media Corporation Completes Acquisition of Dogehash Technologies; Forms Datacentrex, Inc.
Transaction Approved by Shareholders and Nasdaq; Datacentrex Established as Public Digital Infrastructure Company
New independent directors appointed: Christopher R. Moe (formerly Red Cat Holdings, Nasdaq-Listed) and Dr. Allan Evans (CEO of NYSE-listed Unusual Machines)
Reconstituted Board and leadership team bring deep expertise in digital infrastructure, blockchain operations, and public-company governance
, /PRNewswire/ -- Thumzup Media Corporation ("Thumzup" or the "Company") (Nasdaq: TZUP), a diversified technology-driven enterprise, today announced the successful closing of its previously announced acquisition of Dogehash Technologies, Inc. ("Dogehash"), an industrial-scale blockchain infrastructure company focused on Dogecoin and Litecoin mining.
The acquisition was approved by Thumzup's shareholders at the Company's 2025 Annual Meeting of Stockholders on December 8, 2025, and has also received all required approvals from Nasdaq, satisfying the final conditions to closing.
The acquisition was completed upon Nasdaq approval, and the combined company will operate under the name "Datacentrex, Inc." ("Datacentrex"). Its common stock is expected to begin trading on the Nasdaq Stock Market under the ticker symbol DTCX, on Tuesday, December 16, 2025.
The closing of the Dogehash acquisition marks a significant milestone in Thumzup's transformation into a digital infrastructure company with exposure to blockchain mining, data-center operations, and digital asset treasury strategies.
By combining Dogehash's operating mining assets and infrastructure expertise with Thumzup's public-company platform and capital markets access, management believes Datacentrex is positioned to pursue scalable, cash-flow-generating opportunities across digital asset infrastructure and next-generation computing.
"We are pleased to have completed this transaction with the full support of our shareholders and Nasdaq," said Robert Steele, Chief Executive Officer of Thumzup. "With the acquisition closed and Datacentrex now established, our focus is squarely on execution, operational scaling, and disciplined capital allocation."
Dogehash currently operates approximately 3,100 Scrypt ASIC miners across four diversified data centers in North America. An additional 1,000 ASIC miners are on order and expected to be deployed in the first half of 2026, expanding the fleet to more than 4,100 miners.
The Company expects continued growth in digital asset production through 2026, supported by energy-efficient hardware, low-cost power sourcing, and a scalable infrastructure footprint.
"Our team built Dogehash with a focus on efficiency and long-term scalability," said Parker Scott, Chief Executive Officer of Dogehash. "Completing this merger allows us to accelerate growth as part of Datacentrex while maintaining operational discipline. With a strong combined balance sheet and cash position, we are positioning Datacentrex for long-term success and value creation."
As previously disclosed, Datacentrex will be led by a reconstituted Board of Directors and management team with deep experience in public-company governance, digital infrastructure, and blockchain operations.
The Board includes newly elected independent directors Christopher R. Moe and Dr. Allan Evans, along with Chris Ensey who has been serving on the Board since October 2025. Each of the foregoing independent directors brings senior leadership experience from Nasdaq- and NYSE- listed companies spanning digital infrastructure, advanced technologies, and large-scale operations.
Upon completion of the acquisition, Parker Scott, Chief Executive Officer of Dogehash, became Chief Executive Officer of the combined company and joined the Board. Robert Steele transitioned to Chief Financial Officer and continues to serve as a director. Together, the Board and management team provide Datacentrex with strong governance oversight, operational expertise, and capital markets experience as Datacentrex enters its next phase of growth.
Datacentrex intends to maintain a diversified digital asset treasury from its yield on its mining hashrate, which include Dogecoin (DOGE), Litecoin (LTC), and Bitcoin (BTC).
About Thumzup®
Thumzup Media Corporation is a diversified technology-driven enterprise transitioning from its roots in social media marketing to potential high-growth sectors including digital-asset infrastructure, data-center operations and quantum-computing-adjacent technologies. Thumzup intends to pursue selective investments, partnerships, and acquisitions to drive innovation and value creation.
Forward-Looking Statements Disclaimer
This press release contains certain forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact included in this press release, including statements regarding Datacentrex's future financial condition, results of operations, business operations and business prospects, are forward-looking statements. These statements are identified by the use of the words "could," "believe," "anticipate," "intend," "estimate," "expect," "may," "continue," "predict," "potential," "project" and similar expressions that are intended to identify forward-looking statements. All forward-looking statements are subject to important factors, risks, uncertainties, and assumptions, including industry and economic conditions that could cause actual results to differ materially from those described in the forward-looking statements. Such factors, risks, uncertainties and assumptions include, but are not limited to, Datacentrex's ability to successfully achieve its strategic initiatives, including its expectation that it will be able to secure additional miners; unexpected costs, charges or expenses resulting from the merger; potential adverse reactions or changes to business relationships resulting from the completion of the merger; risks related to the inability of Datacentrex to successfully operate as a combined business; risks associated with the possible failure to realize certain anticipated benefits of the merger, including with respect to future financial and operating results; competition in Datacentrex's markets; risks associated with Datacentrex's investment strategy, including digital asset market volatility, cybersecurity and custody of digital assets, potential changes in laws or accounting standards relating to digital assets and regulatory developments affecting digital assets; and volatility of Datacentrex's stock price. Forward-looking statements also are affected by the risk factors described in the Company's filings with the U.S. Securities and Exchange Commission (the "SEC"), including in the Company's Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, and Current Reports on Form 8-K. Investors and security holders are urged to read these documents free of charge on the SEC's website at: http://www.sec.gov. The risks and uncertainties that Datacentrex has described are not the only ones Datacentrex faces. Additional risks and uncertainties not presently known to Datacentrex or that Datacentrex currently deems immaterial may also affect Datacentrex's operations. All forward-looking statements speak only as of the date of this press release. You should not place undue reliance on these forward-looking statements. Although the Company believes that its plans, objectives, expectations and intentions reflected in or suggested by the forward-looking statements are reasonable, it can give no assurances that these plans, objectives, expectations or intentions will be achieved. Forward-looking statements involve significant risks and uncertainties (some of which are beyond the Datacentrex's control) and assumptions that could cause actual results to differ materially from historical experience. Actual results may differ materially from those in the forward-looking statements and the trading price for Datacentrex's common stock may fluctuate significantly Except as required by law, Datacentrex undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events.
SANTA CLARA, Calif.--(BUSINESS WIRE)--ServiceNow (NYSE: NOW), the AI control tower for business reinvention, today announced it has completed its acquisition of Moveworks. The acquisition advances ServiceNow's vision to put AI to work for people, combining ServiceNow's trusted agentic AI and intelligent workflows with Moveworks' intuitive front-end AI assistant, enterprise search, and agentic Reasoning Engine. Together, the companies will expand the capabilities of the ServiceNow AI Platform to.
2025-12-15 21:324mo ago
2025-12-15 16:174mo ago
Ford is starting a battery storage business to power data centers and the grid
Amid Ford’s shift away from making large electric vehicles, the automaker is adding a new product line to find a home for its batteries.
Ford said Monday that instead of scuttling plans to build the batteries for those vehicles, it will pivot that capacity into a new battery storage business. Those storage systems, which will use cheaper LFP batteries, will be used to power data centers and help buffer demand on the electric grid.
Ford says the battery storage systems will start shipping in 2027 and that the company plans to build 20GWh of annual capacity.
Ford will invest about $2 billion into the new business over the next two years. Under the plan, Ford will repurpose the existing manufacturing capacity at its Kentucky factory. Ford plans to produce LFP prismatic cells using technology licensed from China’s CATL as well as battery energy storage system modules and 20-foot DC container systems at this facility.
Lisa Drake, vice president of technology platform programs and EV systems at Ford, said the “predominant” opportunity for the new business will be commercial grid customers. But data centers will be secondary, and then Ford expects to offer some home storage products, Drake said.
“It was clear when we went out to the market that the technology of choice for most of these customers was an LSP prismatic type of container system,” Drake said during a call with reporters. “And given the fact that we already had a license to build that technology in the U.S., you couple that with our manufacturing experience over a century of high scale manufacturing, it just made a lot of sense as a natural adjacency for us.”
Ford will join a number of automakers who are operating in or planning to enter the battery storage space. Tesla has spent the last decade selling battery storage products and deploys around 10GWh every quarter. General Motors also has a set of home and commercial battery storage products.
Techcrunch event
San Francisco
|
October 13-15, 2026
This story is developing …
Topics
Sean O’Kane is a reporter who has spent a decade covering the rapidly-evolving business and technology of the transportation industry, including Tesla and the many startups chasing Elon Musk. Most recently, he was a reporter at Bloomberg News where he helped break stories about some of the most notorious EV SPAC flops. He previously worked at The Verge, where he also covered consumer technology, hosted many short- and long-form videos, performed product and editorial photography, and once nearly passed out in a Red Bull Air Race plane.
You can contact or verify outreach from Sean by emailing [email protected] or via encrypted message at okane.01 on Signal.
View Bio
Kirsten Korosec is a reporter and editor who has covered the future of transportation from EVs and autonomous vehicles to urban air mobility and in-car tech for more than a decade. She is currently the transportation editor at TechCrunch and co-host of TechCrunch’s Equity podcast. She is also co-founder and co-host of the podcast, “The Autonocast.” She previously wrote for Fortune, The Verge, Bloomberg, MIT Technology Review and CBS Interactive.
You can contact or verify outreach from Kirsten by emailing [email protected] or via encrypted message at kkorosec.07 on Signal.
View Bio
2025-12-15 21:324mo ago
2025-12-15 16:184mo ago
Tesla stock closes at 2025 high after Musk confirms driverless Robotaxi tests underway in Austin
Nearly six months after launching a limited Robotaxi service in Austin, Texas with safety drivers in the car, the company says it's testing driverless vehicles in the city without humans on board.
"Testing is underway with no occupants in the car," CEO Elon Musk wrote in a post on his social network X over the weekend.
Shares of Tesla rose 3.5% to $475.11 at the close of trading on Monday. The stock is now up 18% for the year, and is about 1% off its record reached in December 2024.
For more than a decade, Musk has been promising Tesla investors and customers that the company's electric vehicles will soon be upgradable to self-driving cars, capable of serving as unmanned robotaxis, or of completing a cross-country trip without any human intervention.
While that still hasn't happened, the company unveiled a Robotaxi-branded ridehail app and service in Austin in June, and a separate car service in the San Francisco Bay Area soon after.
On Sunday, Tesla's official account wrote in a pair of posts on X, "The fleet will wake up via over-the-air software update," and "Slowly then all at once."
"And so it begins!" wrote Ashok Elluswamy, Tesla's vice president of AI software, in a post on X, in response to a video that had been posted by someone else of what appeared to be driverless vehicle in Austin.
Tesla hasn't said when it will be able to operate a ride-hailing service without human safety supervisors or drivers on board. But it may have still have a long way to go.
Tesla reported that, as of mid-October, seven collisions had occurred in the vehicles in its Austin fleet. The cars include ADS, or automated driving systems, which are not yet widely available, and human safety supervisors in the passenger seat or behind the steering wheel.
The self-reported data Tesla filed with the National Highway Traffic Safety Administration indicate that the collisions were not severe.
Philip Koopman, emeritus professor at Carnegie Mellon University and an autonomous systems safety researcher, said in an email that with such a small fleet, there should have been fewer than seven reportable accidents, "especially considering that there is a safety supervisor in each one whose job is to prevent crashes."
Tesla's Robotaxi fleet in Austin was comprised of 30 or fewer vehicles as of October. Musk has said the company intends to double that to 60 by the end of 2025.
Koopman noted that Tesla has chosen to hide the "narrative description" of all their crashes in the reports to NHTSA, so there's no way for the public to know what transpired with each collision.
Tesla didn't respond to a request for further information.
In Texas, autonomous vehicle makers are currently permitted to test or use their cars on public roads as long as they comply with traffic laws under the state's transportation code. The Texas Department of Motor Vehicles told CNBC in an email that it "does not have direct authority related to autonomous vehicle regulation and therefore cannot speak to current activities" regarding Tesla.
Regulatory requirements in Texas will change in 2026 with the implementation of its Senate Bill 2807, which the Texas legislature passed earlier this year. As of May 28, 2026, autonomous vehicle operators in Texas will require an authorization from the DMV for commercial use of their self-driving vehicles on Texas roads.
California's DMV and Public Utilities Commissions confirmed that Tesla has not yet applied for permits needed to conduct driverless testing in the state without a human at the wheel, or to operate a commercial robotaxi service.
In the autonomous vehicles market, Tesla lags behind Alphabet's Waymo in the U.S., and Baidu-owned Apollo Go and WeRide in Asia. Those companies are all operating commercial ridehailing robotaxi services in major markets.
watch now
2025-12-15 21:324mo ago
2025-12-15 16:194mo ago
SIX FLAGS CLASS ACTION ALERT: Bragar Eagel & Squire, P.C. Announces that a Class Action Lawsuit Has Been Filed Against Six Flags Entertainment Corporation and Encourages Investors to Contact the Firm
Bragar Eagel & Squire, P.C. Litigation Partner Brandon Walker Encourages Investors Who Suffered Losses In Six Flags (FUN) To Contact Him Directly To Discuss Their Options
If you purchased or acquired common stock pursuant or traceable to the Company's registration statement and prospectus issued in connection with the July 1, 2024 merger of Legacy Six Flags with Cedar Fair, L.P., and their subsidiaries and affiliates and would like to discuss your legal rights, call Bragar Eagel & Squire partner Brandon Walker or Melissa Fortunato directly at (212) 355-4648.
Click here to participate in the action.
NEW YORK, Dec. 15, 2025 (GLOBE NEWSWIRE) --
What’s Happening?
Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, announces that a class action lawsuit has been filed against Six Flags Entertainment Corporation (“Six Flags” or the “Company”) (NYSE:FUN) in the United States District Court for the Northern District of Ohio on behalf of all persons and entities who purchased or otherwise acquired Six Flags common stock pursuant or traceable to the Company's registration statement and prospectus issued in connection with the July 1, 2024 merger of Legacy Six Flags with Cedar Fair, L.P., and their subsidiaries and affiliates. Investors have until January 5, 2026 to apply to the Court to be appointed as lead plaintiff in the lawsuit.
What are the Allegation Details?
The Six Flags class action lawsuit alleges that the registration statement for the Merger failed to disclose that, notwithstanding its executives' claims that the company had pursued transformational investment initiatives in the years leading up to the Merger, Legacy Six Flags in fact suffered from chronic underinvestment and its parks required millions of dollars in additional capital and operational expenditures above the company's historical cost trends in order to maintain (let alone grow) Legacy Six Flags' share in the intensely competitive amusement park market. Additionally, after taking over as CEO in November 2021, defendant Selim Bassoul slashed employee headcount to cut costs, but in so doing had degraded the company's operational competence and guest experience. In short, at the time of the Merger, Legacy Six Flags required a massive, undisclosed capital infusion to turn the company around, and these acute capital needs undermined the entire rationale for the deal as portrayed in the registration statement.
On the Merger closing date, July 1, 2024, Six Flags stock traded above $55 per share. The price of Six Flags stock subsequently fell as low as $20 per share, a nearly 64% decline.
What are the Next Steps?
If you purchased or otherwise acquired Six Flags shares and suffered a loss, are a long-term stockholder, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Brandon Walker or Melissa Fortunato by email at [email protected], telephone at (212) 355-4648, or by filling out this contact form. There is no cost or obligation to you.
About Bragar Eagel & Squire, P.C.:
Bragar Eagel & Squire, P.C. is a nationally recognized law firm with offices in New York, California, and South Carolina. The firm represents individual and institutional investors in commercial, securities, derivative, and other complex litigation in state and federal courts across the country. For more information about the firm, please visit www.bespc.com. Attorney advertising. Prior results do not guarantee similar outcomes.
Follow us for updates on LinkedIn, X, and Facebook, and keep up with other news by following Brandon Walker, Esq. on LinkedIn and X.
, /PRNewswire/ -- Commercial Metals Company (NYSE: CMC) ("CMC" or the "Company") today announced that it has successfully completed the acquisition of Foley Products Company, LLC ("Foley") for a cash purchase price of $1.84 billion, subject to customary adjustments.
Foley is a leading supplier of precast concrete and pipe products to the Southeast region, with additional presence in the Central and Western U.S. The company operates 18 facilities across nine states. Foley offers one of the most comprehensive portfolio of solutions in the industry and its products are critical in drainage, water management, dry utility, and road construction applications across residential infrastructure, non-residential, and infrastructure end markets. The company is widely recognized for its leading capabilities in design, engineering, manufacturing efficiency, and quality.
"I am very excited to welcome Foley's approximately 600 employees to the CMC team," said Peter Matt, President and Chief Executive Officer. "With both the acquisitions of Foley and CP&P now closed, CMC operates one of the largest precast concrete businesses in the United States. The establishment of this platform represents a major new growth platform for our Company and should provide significant opportunities to create value for our customers and shareholders for years to come."
About CMC
CMC is an innovative solutions provider helping build a stronger, safer, and more sustainable world. Through an extensive manufacturing network principally located in the United States and Central Europe, we offer products and technologies to meet the critical reinforcement needs of the global construction sector. CMC's solutions support early-stage construction across a wide variety of applications, including infrastructure, non-residential, residential, industrial, and energy generation and transmission.
Forward-Looking Statements
This news release contains "forward-looking statements" within the meaning of the federal securities laws, including, without limitation, with respect to the expected benefits of the Concrete Pipe & Precast, LLC and Foley acquisitions, our market share in the precast concrete business, our future growth prospects and our expectations or beliefs concerning future events. The statements in this news release that are not historical statements, are forward-looking statements. These forward-looking statements can generally be identified by phrases such as we or our management "expects," "anticipates," "believes," "estimates," "future," "intends," "may," "plans to," "ought," "could," "will," "should," "likely," "appears," "projects," "forecasts," "outlook" or other similar words or phrases, as well as by discussions of strategy, plans or intentions.
The Company's forward-looking statements are based on management's expectations and beliefs as of the time this news release was prepared. Although we believe that our expectations are reasonable, we can give no assurance that these expectations will prove to have been correct, and actual results may vary materially. Except as required by law, we undertake no obligation to update, amend or clarify any forward-looking statements to reflect changed assumptions, the occurrence of anticipated or unanticipated events, new information or circumstances or any other changes. Important factors that could cause actual results to differ materially from our expectations include those described in our filings with the Securities and Exchange Commission, including, but not limited to, in Part I, Item 1A, "Risk Factors" of our annual report on Form 10-K for the fiscal year ended August 31, 2025, as well as the following: changes in economic conditions which affect demand for our products or construction activity generally, and the impact of such changes on the highly cyclical steel industry; rapid and significant changes in the price of metals, potentially impairing our inventory values due to declines in commodity prices or reducing the profitability of downstream contracts within our vertically integrated steel operations due to rising commodity pricing; excess capacity in our industry, particularly in China, and product availability from competing steel mills and other steel suppliers including import quantities and pricing; the impact of geopolitical conditions, including political turmoil and volatility, regional conflicts, terrorism and war on the global economy, inflation, energy supplies and raw materials; increased attention to environmental, social and governance ("ESG") matters, including any targets or other ESG, environmental justice or regulatory initiatives; operating and startup risks, as well as market risks associated with the commissioning of new projects could prevent us from realizing anticipated benefits and could result in a loss of all or a substantial part of our investments; impacts from global public health crises on the economy, demand for our products, global supply chain and on our operations; compliance with and changes in existing and future laws, regulations and other legal requirements and judicial decisions that govern our business, including increased environmental regulations associated with climate change and greenhouse gas emissions; involvement in various environmental matters that may result in fines, penalties or judgments; evolving remediation technology, changing regulations, possible third-party contributions, the inherent uncertainties of the estimation process and other factors that may impact amounts accrued for environmental liabilities; potential limitations in our or our customers' abilities to access credit and non-compliance with their contractual obligations, including payment obligations; activity in repurchasing shares of our common stock under our share repurchase program; financial and non-financial covenants and restrictions on the operation of our business contained in agreements governing our debt; our ability to successfully identify, consummate and integrate acquisitions and realize any or all of the anticipated synergies or other benefits of acquisitions; the effects that acquisitions may have on our financial leverage; risks associated with acquisitions generally, such as the inability to obtain, or delays in obtaining, required approvals under applicable antitrust legislation and other regulatory and third-party consents and approvals; lower than expected future levels of revenues and higher than expected future costs; failure or inability to implement growth strategies in a timely manner; the impact of goodwill or other indefinite-lived intangible asset impairment charges; the impact of long-lived asset impairment charges; currency fluctuations; global factors, such as trade measures, military conflicts and political uncertainties, including changes to current trade regulations, such as Section 232 trade tariffs and quotas, tax legislation and other regulations which might adversely impact our business; availability and pricing of electricity, electrodes and natural gas for mill operations; our ability to hire and retain key executives and other employees; competition from other materials or from competitors that have a lower cost structure or access to greater financial resources; information technology interruptions and breaches in security; our ability to make necessary capital expenditures; availability and pricing of raw materials and other items over which we exert little influence, including scrap metal, energy and insurance; unexpected equipment failures; losses or limited potential gains due to hedging transactions; litigation claims and settlements, court decisions, regulatory rulings and legal compliance risks, including those related to the Pacific Steel Group litigation and other legal proceedings; risk of injury or death to employees, customers or other visitors to our operations; and civil unrest, protests and riots.
SOURCE Commercial Metals Company
2025-12-15 21:324mo ago
2025-12-15 16:194mo ago
Tesla stock hits an all-time high, why this analyst is 'cautiously optimistic' about markets
Market Domination anchor Josh Lipton breaks down the latest market news for December 15, 2025. Tesla shares briefly hit a new record high in Monday's trading session after the EV maker announced that it is continuing to test its Robotaxi services without a safety driver in Austin, Texas.
2025-12-15 21:324mo ago
2025-12-15 16:204mo ago
Ark Restaurants Announces Financial Results for the Fourth Quarter and Fiscal Year Ended 2025
NEW YORK--(BUSINESS WIRE)--Ark Restaurants Corp. (NASDAQ:ARKR) today reported financial results for the fourth quarter and fiscal year ended September 27, 2025. The Company's fiscal year ends on the Saturday nearest September 30. The fiscal years ended September 27, 2025 and September 28, 2024 both included 52 weeks and the quarters ended September 27, 2025 and September 28, 2024 both included 13 weeks. "The current quarter showed negative Earnings before Interest, Taxes, Depreciation and Amort.
2025-12-15 21:324mo ago
2025-12-15 16:204mo ago
Hormel Foods Corporation Investigated by the Portnoy Law Firm
LOS ANGELES, Dec. 15, 2025 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises Hormel Foods Corporation, (“Hormel" or the "Company") (NYSE: HRL) investors that the firm has initiated an investigation into possible securities fraud, and may file a class action on behalf of investors.
Investors are encouraged to contact attorney Lesley F. Portnoy, by phone 844-767-8529 or email: [email protected], to discuss their legal rights, or join the case via https://portnoylaw.com/hormel-foods-corporation. The Portnoy Law Firm can provide a complimentary case evaluation and discuss investors’ options for pursuing claims to recover their losses.
On October 29, 2025, The Wall Street Journal published an article entitled "Hormel Cuts Forecast on Price Pressure, Consumer Backdrop; Parts Ways With CFO." The article stated that Hormel "warned earnings in the latest quarter were squeezed by price pressures, bird flu and a fire that damaged its Arkansas peanut butter production facility. The company also said it was parting ways with its top finance executive[.]"
On this news, Hormel's stock fell 9.1% on October 29, 2025.
The Portnoy Law Firm represents investors in pursuing claims caused by corporate wrongdoing. The Firm’s founding partner has recovered over $5.5 billion for aggrieved investors. Attorney advertising. Prior results do not guarantee similar outcomes.
Lesley F. Portnoy, Esq.
Admitted CA, NY and TX Bar [email protected]
310-692-8883
www.portnoylaw.com
Attorney Advertising
2025-12-15 21:324mo ago
2025-12-15 16:254mo ago
Organogenesis Announces Successful FDA Meeting and Plan to File BLA for ReNu® for Knee Osteoarthritis Pain
Clinical Development Program Appropriate for Rolling BLA
Submission Expected by the End of 2025
CANTON, Mass., Dec. 15, 2025 (GLOBE NEWSWIRE) -- Organogenesis Holdings Inc. (Nasdaq: ORGO), a leading regenerative medicine company focused on the development, manufacture and commercialization of product solutions for the Advanced Wound Care and Surgical and Sports Medicine markets, today announced the successful completion of a planned Type-B meeting with the Food and Drug Administration (FDA) resulting in confirmation to initiate a rolling Biologics Licenses Application (BLA) for ReNu planned before the end of December.
“We are excited about the outcome of our FDA meeting and reaching this important milestone in the ReNu program,” said Patrick Bilbo, Chief Operating Officer of Organogenesis. “We are pleased the ReNu clinical development program consisting of two large Phase 3 randomized controlled trials (RCT), a separate 200-patient RCT, extensive commercial history and Regenerative Medicine Advanced Therapy (RMAT)-designation is appropriate for BLA submission. If approved, we believe that ReNu will address a significant medical need for a large and growing patient population.”
Knee OA is a degenerative joint disease that is estimated to affect nearly 31.1 million Americans and projected to grow to 34.4 million Americans by 2027. It is ranked among the most common causes of disability and poor quality of life, generally characterized by pain and functionality deficits. End stage management of the disease in these patients is typically a total knee replacement when all other treatment options are exhausted.
About ReNu®
ReNu is a cryopreserved, amniotic suspension allograft developed for the management of symptomatic knee osteoarthritis. ReNu consists of amniotic fluid cells and micronized amniotic membrane and contains cellular, growth factor, and extracellular matrix components. ReNu has been studied in three large RCTs consisting of more than 1,300 patients and received FDA RMAT designation for Knee OA in 2021. ReNu was previously marketed under Section 361 of the Public Health Service Act and was commercially available for approximately six years.
About Organogenesis Holdings Inc.
Organogenesis Holdings Inc. is a leading regenerative medicine company focused on the development, manufacture, and commercialization of solutions for the advanced wound care and surgical and sports medicine markets. Organogenesis offers a comprehensive portfolio of innovative regenerative products to address patient needs across the continuum of care. For more information, visit www.organogenesis.com.
Forward-Looking Statements
This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements relate to expectations or forecasts of future events. Forward-looking statements may be identified by the use of words such as “planned,” “intend,” “seek,” “anticipate,” “believe,” “expect,” “estimate,” “potential” and other similar expressions that predict or indicate future events or trends or that are not statements of historical matters, including statements regarding the anticipated timing of regulatory submissions and interactions. These statements concern, and these risks and uncertainties include, among others: the risks and uncertainties inherent in clinical development; determinations by regulatory and administrative governmental authorities which may delay or restrict our ability to develop or commercialize ReNu; the likelihood and timing of possible regulatory approval and commercial launch of ReNu; the FDA may conclude the data we submit for ReNu is not sufficient for BLA approval; the FDA may require additional evidence for ReNu before we can get a BLA approved, which we may not be able to obtain; that other clinical trials of ReNu may produce different results; ongoing regulatory obligations and oversight impacting ReNu; unforeseen safety issues resulting from the administration of ReNu in patients; competing products and product candidates that may be superior to our products and product candidates; uncertainty of market acceptance and commercial success of ReNu and the impact of studies (whether conducted by us or others and whether mandated or voluntary) on the commercial success of ReNu; our ability to manufacture and manage supply components for ReNu; the availability and extent of reimbursement of ReNu from third-party payers, including private payer healthcare and insurance programs and government programs such as Medicare and Medicaid; coverage and reimbursement determinations by such payers, including local coverage determinations by Medicare Part A/B Medicare Administrative Contractors; new policies and procedures adopted by such payers; unanticipated expenses; the costs of developing, producing, and selling ReNu; our ability to meet our sales or other financial projections or guidance and changes to the assumptions underlying those projections or guidance; and other risks and uncertainties described in the Company's filings with the Securities and Exchange Commission, including Item 1A (Risk Factors) of the Company's Form 10-K for the year ended December 31, 2024 and its subsequently filed periodic reports. You are cautioned not to place undue reliance upon any forward-looking statements, which speak only as of the date made. Although it may voluntarily do so from time to time, the Company undertakes no commitment to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable securities laws.
2025-12-15 21:324mo ago
2025-12-15 16:254mo ago
Wall Street's lone Nvidia bear is doubling down on his call, with high conviction
Seaport Research's negative view of Nvidia's stock hasn't panned out thus far, but analyst Jay Goldberg is emphasizing the recommendation as he looks to 2026.
2025-12-15 21:324mo ago
2025-12-15 16:264mo ago
Ford killing F-150 EV pickup, warns of whopping $19.5B writedown in dramatic electric shift
Ford Motor said Monday it will take a $19.5 billion writedown and is killing several electric-vehicle models, in the most dramatic example yet of the auto industry’s retreat from battery-powered models in response to the Trump administration’s policies and weakening EV demand.
The Dearborn, Mich.-based company said it will stop making the F-150 Lightning in its electric vehicle form, but will pivot to producing an extended-range electric model, a version of a hybrid vehicle called an EREV, which uses a gas-powered generator to recharge the battery. The company is also scrapping a next-generation electric truck, codenamed the T3, as well as planned electric commercial vans.
Instead, Ford said it will pivot hard into gas and hybrid models, and eventually hire thousands of workers, even though there will be some layoffs at a jointly owned Tennessee battery plant in the near term. The company expects its global mix of hybrids, extended-range EVs and pure EVs to reach 50% by 2030, from 17% today.
Ford said it will stop making the F-150 Lightning in its electric vehicle form, but will pivot to producing an extended-range electric model Getty Images
Ford will spread out the writedown, taken primarily in the fourth quarter and continuing through next year and into 2027, the company said. About $8.5 billion is related to canceling planned EV models. Around $6 billion is tied to the dissolution of a battery joint venture with South Korea’s SK On, and $5 billion on what Ford called “program-related expenses.”
The automaker also raised its 2025 guidance for adjusted earnings before taxes and interest, to about $7 billion, up from a previous range of $6 billion to $6.5 billion.
Ford’s shift reflects the auto industry’s response to waning demand for battery-powered models, after car companies plowed hundreds of billions of dollars into EV investments early this decade. The outlook for electrics dimmed significantly this year as President Trump’s policies yanked federal support for EVs and eased tailpipe-emissions rules, which could encourage carmakers to sell more gas-powered cars.
US sales of electric vehicles fell about 40% in November, following the September 30 expiration of a $7,500 consumer tax credit, which had been in place for more than 15 years to stoke demand. The Trump administration also included in the massive tax and spending bill that passed in July a freeze on fines that automakers pay for violating fuel-economy regulations.
“Rather than spending billions more on large EVs that now have no path to profitability, we are allocating that money into higher-returning areas,” said Andrew Frick, head of Ford’s gas and electric-vehicle operations.
The F-150 Lightning rolled off assembly lines starting in 2022 with much fanfare – comedian Jimmy Fallon wrote a song about the truck. Ford increased production of the model to meet an influx of 200,000 orders, but sales haven’t kept pace. The company sold 25,583 Lightnings through November of this year, a 10% decrease from the prior-year period.
The successor to the F-150 Lightning, the T3 truck, was supposed to be built ground-up for production at a new complex in Tennessee, and be a core part of Ford’s second-generation EV lineup. Ford is now replacing production of the EV pickup with new gas-powered trucks starting in 2029 at the Tennessee factory.
Ford effectively killed the entirety of its announced second-generation of EV models with Monday’s announcement. For its future EV lineup, the company is shifting focus to more affordable EV models, conceived by a so-called skunkworks team in California. The first model from that team is slated to be priced at about $30,000 and go on sale in 2027. This midsize EV truck is being built at Ford’s Louisville plant.
2025-12-15 21:324mo ago
2025-12-15 16:284mo ago
Scott+Scott Attorneys at Law LLP Alerts Investors of Its Investigation Into Fermi Inc. (NASDAQ: FRMI)
NEW YORK, Dec. 15, 2025 (GLOBE NEWSWIRE) -- Scott+Scott Attorneys at Law LLP (“Scott+Scott”), a shareholder and consumer rights litigation firm, is investigating whether Fermi Inc. (“Fermi” or the “Company”) (NASDAQ: FRMI) or certain of its officers and directors issued misleading and false statements and/or failed to disclose information material to investors in violation of federal securities laws.
CLICK HERE TO RECEIVE ADDITIONAL INFORMATION ABOUT THIS POTENTIAL CLASS ACTION
Fermi seeks to deliver energy to power next-generation artificial intelligence technologies.
On October 1, 2025, Fermi began trading on the NASDAQ at $21.00 per share following its Initial Public Offering (“IPO”). Then, on December 12, 2025, Fermi revealed that a tenant for the Company’s anticipated Project Matador AI campus had terminated its $150 million Advance in Aid of Construction Agreement, which would have supplied construction costs for the facility.
On this news, the Company’s stock price fell $5.16 per share, or 33.8%, to close at $10.09 on December 12, 2025, a more than 50% decline from the Company’s IPO price of $21.00 per share.
ARE YOU A POTENTIAL CLASS MEMBER ELIGIBLE TO RECOVER? CLICK HERE
If you have purchased Fermi common stock, and have suffered a loss, realized or unrealized, and you wish to discuss this investigation, please contact attorney Mandeep S. Minhas at (888) 398-9312 or at [email protected].
CLICK HERE TO FIND OUT IF YOU CAN RECOVER YOUR LOSSES
About Scott+Scott
Scott+Scott is an international law firm known for its expertise in representing corporate clients, institutional investors, businesses, and individuals harmed by anticompetitive conduct or other forms of wrongdoing, including securities law and shareholder violations. With more than 100 attorneys in eight offices in the United States, as well as three offices in Europe, our advocacy has resulted in significant monetary settlements on behalf of our clients, along with other forms of relief. Our highly experienced attorneys have been recognized for being among the top financial lawyers in 2024 by Lawdragon, WWL: Commercial Litigation 2024, and Legal 500 in Antitrust Civil Litigation, and have received top Chambers 2024 rankings. In addition, we have been repeatedly recognized by the American Antitrust Institute for the successful litigation of high-stakes anticompetitive claims in the United States.
This may be considered Attorney Advertising.
CONTACT:
Mandeep S. Minhas
Scott+Scott Attorneys at Law LLP
230 Park Avenue, 24th Floor, New York, NY 10169
(888) 398-9312 [email protected]
EDMONTON, Alberta and TORONTO, Dec. 15, 2025 (GLOBE NEWSWIRE) -- SNDL Inc. (Nasdaq: SNDL, CSE: SNDL) (“SNDL”) and 1CM Inc. (CSE: EPIC) (OTCQB: MILFF) (FSE: IQ70) (“1CM”) announce that they have entered into an amended and restated arrangement agreement (the “A&R Arrangement Agreement”) dated December 15, 2025. The A&R Arrangement Agreement amends and restates the arrangement agreement dated April 9, 2025 between 1CM and SNDL (the “Original Arrangement Agreement”), pursuant to which SNDL agreed to, among other things, acquire 32 cannabis retail stores operating under the Cost Cannabis and T Cannabis banners in Ontario, Alberta and Saskatchewan (the “Transaction”) for a purchase price of $32.2 million in cash, subject to certain adjustments.
2025-12-15 21:324mo ago
2025-12-15 16:304mo ago
Brookfield Renewable Announces Renewal of Normal Course Issuer Bids
All amounts in US dollars unless otherwise indicated
BROOKFIELD, News, Dec. 15, 2025 (GLOBE NEWSWIRE) -- Brookfield Renewable today announced that the Toronto Stock Exchange (the “TSX”) has accepted notices filed by:
Brookfield Renewable Partners L.P. (TSX: BEP.UN; NYSE: BEP) (“BEP”) of its intention to renew its normal course issuer bids for its limited partnership units (“LP Units”) and Class A preferred limited partnership units (“Preferred Units”); Brookfield Renewable Corporation (TSX: BEPC; NYSE: BEPC) (“BEPC” and together with BEP, “Brookfield Renewable”) of its intention to renew its normal course issuer bid for its outstanding class A exchangeable subordinate voting shares (“Exchangeable Shares”); and Brookfield Renewable Power Preferred Equity Inc. (“BRP Equity”) of its intention to renew its normal course issuer bid for its outstanding Class A preference shares (“Preferred Shares”). BRP Equity is a wholly-owned subsidiary of BEP.
Brookfield Renewable believes that the renewed normal course issuer bid will provide the flexibility to use available funds to purchase LP Units, Preferred Units, Exchangeable Shares or Preferred Shares, as applicable, should they be trading in price ranges that do not fully reflect their value, representing an attractive use of available funds. There are currently three series of Preferred Units and five series of Preferred Shares outstanding and listed on the TSX.
Under BEP’s normal course issuer bid for LP Units, BEP is authorized to repurchase up to 15,296,104 LP Units, representing 5% of its issued and outstanding LP Units. At the close of business on December 4, 2025, there were 305,922,080 LP Units issued and outstanding. Under BEP’s normal course issuer bid, it may repurchase up to 69,640 LP Units on the TSX during any trading day, which represents 25% of the average daily trading volume of 278,560 LP Units for the six months ended November 30, 2025.
Under BEPC’s normal course issuer bid for Exchangeable Shares, BEPC is authorized to repurchase up to 7,244,255 Exchangeable Shares, representing 5% of its issued and outstanding Exchangeable Shares. At the close of business on December 4, 2025, there were 144,885,110 Exchangeable Shares issued and outstanding. Under BEPC’s normal course issuer bid, it may repurchase up to 65,073 Exchangeable Shares on the TSX during any trading day, which represents 25% of the average daily trading volume of 260,295 Exchangeable Shares for the six months ended November 30, 2025.
Under BEP’s normal course issuer bid for Preferred Units, BEP is authorized to repurchase a total of approximately 10% of the public float of each respective series of the Preferred Units as follows:
SeriesTickerIssued and outstanding units1Public float1Average daily trading volume2Maximum number of units subject to purchase3 TotalDaily7BEP.PR.G7,000,0007,000,0005,653700,0001,41313BEP.PR.M10,000,00010,000,0003,6001,000,0001,00018BEP.PR.R6,000,0006,000,0004,189600,0001,047 1. Calculated as at December 4, 2025.
2. For the 6 months ended November 30, 2025.
3. In accordance with TSX rules, any daily repurchases with respect to the Series 13 Preferred Units would be limited to 1,000 Series 13 Preferred Units.
Under BRP Equity’s normal course issuer bid for Preferred Shares, BRP Equity is authorized to repurchase a total of approximately 10% of the public float of each respective series of the Preferred Shares as follows:
SeriesTickerIssued and outstanding shares4Public float4Average daily trading volume5Maximum number of shares subject to purchase6 TotalDaily1BRF.PR.A8,372,3108,372,3109,983837,2312,4952BRF.PR.B1,587,7541,587,7543,937158,7751,0003BRF.PR.C9,961,3999,961,3996,700996,1391,6755BRF.PR.E7,000,0004,114,5041,030411,4501,0006BRF.PR.F7,000,0007,000,0002,592700,0001,000 4. Calculated as at December 4, 2025.
5. For the 6 months ended November 30, 2025.
6. In accordance with TSX rules, any daily repurchases with respect to the Series 2 Preferred Shares, the Series 5 Preferred Shares and the Series 6 Preferred Shares would be limited to 1,000 Preferred Shares of such series.
Repurchases under each normal course issuer bid are authorized to commence on December 18, 2025 and each normal course issuer bid will terminate on December 17, 2026, or earlier should Brookfield Renewable or BRP Equity, as applicable, complete repurchases under its respective normal course issuer bids prior to such date.
Under BEP’s prior normal course issuer bid for LP Units that commenced on December 18, 2024 and expires on December 17, 2025, BEP previously sought and received approval from the TSX to repurchase up to 14,255,578 LP Units. As of December 4, 2025, BEP has repurchased 1,522,975 LP Units under its current normal course issuer bid through open market transactions on the TSX and alternative trading systems at a weighted average price per LP Unit of approximately CDN$31.9363.
Under BEPC’s prior normal course issuer bid that commenced on December 18, 2024 and expires on December 17, 2025, BEPC previously sought and received approval from the TSX to repurchase up to 8,982,042 Exchangeable Shares. BEPC has not repurchased any Exchangeable Shares under its existing normal course issuer bid in the past 12 months.
Under BEP’s prior normal course issuer bid for Preferred Units that commenced on December 18, 2024 and expires on December 17, 2025, BEP previously sought and received approval from the TSX to repurchase up to 700,000 Series 7 Preferred Units, 1,000,000 Series 13 Preferred Units, and 600,000 Series 18 Preferred Units. BEP did not repurchase any Preferred Units under this normal course issuer bid.
Under BRP Equity’s prior normal course issuer bid that commenced on December 18, 2024 and expires on December 17, 2025, BRP Equity previously sought and received approval from the TSX to repurchase up to 684,953 Series 1 Preferred Shares, 311,053 Series 2 Preferred Shares, 996,139 Series 3 Preferred Shares, 411,450 Series 5 Preferred Shares and 700,000 Series 6 Preferred Shares. BRP Equity did not repurchase any Preferred Shares under this normal course issuer bid.
All purchases of the LP Units and Exchangeable Shares will be effected through the facilities of the TSX and/or the New York Stock Exchange and/or alternative trading systems in Canada and/or the United States. All purchases of Preferred Units and Preferred Shares will be effected through facilities of the TSX and/or alternative trading systems in Canada. All LP Units, Preferred Units, Exchangeable Shares and Preferred Shares acquired under the applicable normal course issuer bid will be cancelled. Repurchases will be subject to compliance with applicable Canadian securities laws.
BEP and BEPC intend to enter into automatic share purchase plans, which have been pre-cleared by the TSX, on or about the week of December 22, 2025 in relation to their respective normal course issuer bids. The automatic share purchase plans will allow for the purchase of LP Units, Preferred Units and Exchangeable Shares, as applicable, subject to certain trading parameters, at times when BEP or BEPC, as applicable, ordinarily would not be active in the market due to its own internal trading blackout periods, insider trading rules or otherwise. Outside these periods, LP Units, Preferred Units or Exchangeable Shares, as applicable, will be repurchased in accordance with management’s discretion, in compliance with applicable law.
Brookfield Renewable
Brookfield Renewable operates one of the world’s largest publicly traded platforms for renewable power and sustainable solutions. Our renewable power portfolio consists of hydroelectric, wind, utility-scale solar, distributed solar, and storage facilities, and our sustainable solutions assets include our investment in a leading global nuclear services business and investments in carbon capture and storage capacity, agricultural renewable natural gas, materials recycling and eFuels manufacturing capacity, among others.
Investors can access the portfolio either through Brookfield Renewable Partners L.P. (NYSE: BEP; TSX: BEP.UN), a Bermuda-based limited partnership, or Brookfield Renewable Corporation (NYSE, TSX: BEPC), a Canadian corporation.
Brookfield Renewable is the flagship listed renewable power and transition company of Brookfield Asset Management, a leading global alternative asset manager headquartered in New York, with over $1 trillion of assets under management.
This news release contains forward-looking statements and information within the meaning of Canadian securities laws and “forward-looking statements” within the meaning of applicable U.S. securities laws. Forward-looking statements and information may include estimates, plans, expectations, opinions, forecasts, projections, guidance or other statements that are not statements of fact. Forward-looking statements and information can be identified by the use of words such as “will”, “believes” and “may” or variations of such words and phrases and include statements regarding the potential future purchases by BEP of its LP Units and Preferred Units, by BEPC of its Exchangeable Shares and by BRP Equity of its Preferred Shares pursuant to their respective normal course issuer bids and, as applicable, automatic repurchase plans. Although Brookfield Renewable believes that these forward-looking statements and information are based upon reasonable assumptions and expectations, the reader should not place undue reliance on them, or any other forward-looking statements or information in this news release. The future performance and prospects of Brookfield Renewable are subject to a number of known and unknown risks and uncertainties. Factors that could cause actual results of Brookfield Renewable to differ materially from those contemplated or implied by the statements in this news release include: general economic conditions; interest rate changes; availability of equity and debt financing; the performance of the LP Units, the Preferred Units, the Exchangeable Shares or the Preferred Shares or the stock exchanges generally; and other risks and factors described in the documents filed by Brookfield Renewable with securities regulators in Canada and the United States including under “Risk Factors” in Brookfield Renewable’s most recent Annual Report on Form 20-F and other risks and factors that are described therein.
Except as required by law, Brookfield Renewable does not undertake any obligation to publicly update or revise any forward-looking statements or information, whether written or oral, whether as a result of new information, future events or otherwise.
2025-12-15 20:324mo ago
2025-12-15 14:254mo ago
Do Kwon could be locked up for an additional 30 years in prison if he goes to trial in South Korea
The co-founder of Terraform Labs, Do Kwon, could be locked up for an additional 30 years in prison if he goes to trial in South Korea.
Do Kwon was sentenced to 15 years in a U.S. prison after pleading guilty to wire fraud. He can apply to be transferred to South Korea in seven and a half years, but if convicted there, he could spend 30 additional years in jail.
Do Kwon could face additional jail time
Do Kwon, the 34-year-old co-founder of Terraform Labs, could face the possibility of spending decades more in prison after completing his U.S. sentence.
Cryptopolitan reported that a Manhattan federal court sentenced him to 15 years last Thursday, and now, South Korean prosecutors are preparing a separate trial on charges including violations of the Capital Markets Act that could add over 30 years to his total time behind bars.
Do Kwon was convicted on nine counts, including fraud and money laundering, after TerraUSD collapsed in 2022 and Luna wiped out an estimated $40 billion in investor funds worldwide. U.S. District Judge Paul Engelmayer called it a fraud on an “epic, generational scale” during the sentencing hearing.
Kwon pleaded guilty in August to conspiracy to commit fraud and wire fraud as part of a plea bargaining agreement. While prosecutors requested 12 years and his defense team argued for five years, Judge Engelmayer imposed 15 years, saying the government’s recommendation was “unreasonably lenient” and the defense request was “utterly unthinkable.”
The Seoul Southern District Prosecutors’ Office obtained an arrest warrant for Kwon in September 2022 through their joint financial crimes unit. South Korean authorities estimate there are roughly 200,000 victims in the country, with total losses of about 300 billion won, equivalent to $204 million.
Ten alleged accomplices have been on trial in Korea for nearly three years while authorities awaited Kwon’s potential return.
As part of Do Kwon’s plea deal, U.S. prosecutors agreed not to oppose him if, after he serves half of his 15-year sentence, he applies to be transferred to Korea through the International Prisoner Transfer Program.
During his U.S. sentencing hearing, Kwon’s defense team argued that the court should consider that he could still be prosecuted in South Korea as a reason to lessen his sentence to five years.
Judge Engelmayer said that one court cannot base its ruling on guesses about what another court might decide. He also denied Kwon’s request to serve his sentence in South Korea, where his wife and four-year-old daughter live.
How did the Terra-Luna collapse happen?
In spring 2022, the total market value of TerraUSD and Luna exceeded $50 billion. The collapse happened rapidly over just three days, starting when TerraUSD lost its dollar peg on May 9, 2022.
The algorithmic stablecoin model that Terra used proved to be fundamentally flawed. Rather than using collateralized stablecoins backed by actual assets, Terra relied on an arbitrage mechanism with its sister token Luna to maintain stability. And as investors lost confidence, Luna tokens flooded the market, driving prices down even further.
Research from MIT Sloan found that the collapse was the result of the Anchor protocol, which offered high interest rates of around 20% to UST depositors. By April 2022, $6 million was required daily to maintain the rates.
Victims who testified at Kwon’s sentencing described losing their life savings, retirement funds, and even contemplating suicide. One victim told the court his wife divorced him, his sons had to skip college, and he was forced to move back to Croatia to live with his parents.
Another said he lived with the guilt of persuading his in-laws and hundreds of nonprofit organizations to invest.
Kwon was arrested in Montenegro in March 2023 on charges of possessing forged documents. He spent nearly two years detained there before being transferred to the United States on December 31, 2024.
In addition to his prison sentence, Kwon was ordered to forfeit over $19 million in illicit gains. He also agreed in 2024 to pay $80 million as a civil fine and be banned from crypto transactions as part of a $4.55 billion settlement that he and Terraform Labs reached with the U.S. Securities and Exchange Commission.
He apologized during his sentencing, telling Judge Engelmayer, “I have spent almost every waking moment of the last few years thinking of what I could have done differently and what I can do now to make things right.” Hearing from victims, he said, was “harrowing and reminded me again of the great losses that I have caused.”
Sign up to Bybit and start trading with $30,050 in welcome gifts