Market Signal Briefing

2:13 PM PST · December 19, 2025

Former Patagonia CEO Rose Marcario is resigning from her position on Rivian’s board of directors, according to a Friday afternoon stock exchange filing.

Rivian wrote in the filing that Marcario’s last day will be on January 1, and that she is leaving “to focus on other commitments.” Rivian’s board will shrink from eight members to seven upon her resignation.

Marcario’s departure and the downsizing of Rivian’s board comes on the eve of an important year for the company. Rivian plans to start selling its more affordable R2 SUV in the first half of 2026. The upcoming R2 is supposed to reach a much wider market than the company’s current R1 SUV and pickup truck and the EV maker has plans to make hundreds of thousands of them per year, including at a new factory in Georgia. Rivian is also looking to expand its automated driving features next year, which it detailed at last week’s inaugural Autonomy & AI Day event.

Marcario has served on Rivian’s board since January 2021, a role she took after 12 years as an executive (and eventual CEO) of Patagonia. Before her appointment, Rivian CEO RJ Scaringe often described his aim for the company to become “the Patagonia of EVs.”

Rivian said Friday that Marcario will continue her role as chair of the board of trustees overseeing the Rivian Foundation. She serves on that board alongside Scaringe, Rivian’s chief sustainability officer Anisa Kamadoli Costa, and conservationist Ed M. Norton.

Formed just before the company’s blockbuster 2021 IPO, the Rivian Foundation was initially handed 1% of the company’s equity in order to make “the natural world” a “stakeholder in [Rivian’s] success.” The foundation remained quiet for the first few years as Rivian’s stock price fell from its post-IPO highs, and announced its first $10 million in grants in 2024.

This year, the Rivian Foundation has publicized another $2.6 million in awards on its website.

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“We would like to thank her for her stewardship on the Rivian board over the past 5 years, and look forward to her continued leadership on the Rivian Foundation,” a spokesperson for the company said in a statement.

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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.

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This MLP offers a higher-octane income stream.

Energy Transfer (ET +1.11%) is one of the largest and most diversified energy midstream companies. It owns interests in over 140,000 miles of pipelines across the country that transport crude oil, natural gas, natural gas liquids, and refined products. The master limited partnership (MLP) also owns processing plants, export terminals, and other related energy midstream infrastructure.

I own units of Energy Transfer, which is one of my favorite high-yielding investments. However, I have been taking a closer look at fellow MLP Western Midstream Partners (WES 0.20%). Here's why those who hold Energy Transfer might want to consider its rival instead.

Image source: Getty Images.

A rock-solid income producer
Energy Transfer pays a very lucrative cash distribution that currently yields 8.1%. The midstream giant produces plenty of cash to cover that payout. It has generated nearly $6.2 billion of distributable cash flow through the third quarter of this year, covering the $3.4 billion it distributed to investors by a comfy 1.8 times. Energy Transfer also has a much-improved balance sheet compared to a few years ago. Its leverage ratio is now in the lower half of its 4.0-4.5 times target range. These metrics have the pipeline company in its strongest financial position in history. They also put its high-yielding payout on a rock-solid foundation.

The midstream giant's strong financial profile enables it to invest in expanding its operations. It expects its capital spending to be around $4.6 billion this year and $5 billion in 2026. It currently has growth capital projects underway that should come online through 2029. That helps fuel the MLP's view that it can grow its high-yielding payout by 3% to 5% per year.

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An even bigger income producer
Western Midstream Partners offers an even higher yield at 9.3%. The MLP produces plenty of cash to cover that payout. During the third quarter, it generated $570 million of operating cash flow, which covered its distribution payment ($355 million) and capital spending ($173 million) with room to spare ($42 million in surplus free cash flow). The MLP also has a rock-bottom leverage ratio of 2.8 times.

The midstream company has been using its financial flexibility to expand its operations. It recently closed its $1.5 billion acquisition of Aris Water Systems. Additionally, it recently approved the Pathfinder Pipeline and North Loving II gas processing plant expansion projects. These investments should support continued distribution growth. Western Midstream has raised its distribution payment by 13% this year. It aims to deliver low-to-mid single-digit distribution growth in the future, with upside potential from major growth projects or acquisitions.

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A higher-octane income stream
Energy Transfer pays a lucrative cash distribution backed by a strong financial profile that should grow at a 3% to 5% annual rate in the future. It's a great option for income-seeking investors who are comfortable receiving the Schedule K-1 Federal Tax Form that MLPs send each year. However, investors desiring more income might want to look at Western Midstream instead. It currently offers an even higher-yielding payout that could grow at a faster rate in the future.

Calgary, Alberta--(Newsfile Corp. - December 19, 2025) - Greenfire Resources Ltd. (NYSE: GFR) (TSX: GFR) ("Greenfire" or the "Company") is pleased to announce the successful completion of its previously announced refinancing initiatives (the "Refinancing Initiatives"). The Refinancing Initiatives included a C$300.0 million offering of rights (the "Rights") to all eligible Greenfire shareholders to purchase additional common shares of the Company (the "Common Shares") which expired at 4:00 p.m. (Calgary time) on December 16, 2025 (the "Rights Offering").

At the completion of the Rights Offering and pursuant to the exercise of Rights, the Company issued an aggregate of 55,147,055 Common Shares, representing the maximum allotment available to holders of Common Shares at the record date of November 17, 2025 (adjusted for rounding for fractional shares). Each Right entitled the holder thereof to acquire 0.7849 of a Common Share, with no fractional Common Shares issued. Common Shares acquired pursuant to the exercise of Rights were issued at a price of C$5.44 or US$3.85 per Common Share for aggregate gross proceeds of approximately C$298.5 million (after conversion of U.S. dollar subscriptions). 53,573,107 Common Shares were issued under the basic subscription privilege and 1,573,948 Common Shares were issued under the additional subscription privilege. As a result of the oversubscription, Common Shares subscribed for pursuant to the additional subscription privilege were subject to proration in accordance with the terms of the Rights Offering, as set forth in the Company's rights offering circular dated November 5, 2025. As the Rights Offering was fully subscribed, the Company did not utilize the previously announced standby commitment whereby certain limited partnerships comprising Waterous Energy Fund agreed to acquire any Common Shares not subscribed for under the Rights Offering. As of the date hereof, the Company has 125,404,146 Common Shares issued and outstanding.

Upon completion of the Rights Offering, the Company used the net proceeds thereof, together with cash on hand, to redeem its outstanding US$237.5 million aggregate principal amount of 12% senior secured notes due 2028.

Finally, the Company closed on its upsized $275.0 million revolving credit facility with a syndicate of Canadian banks (the "Senior Credit Facility"). As of the date hereof, the Senior Credit Facility is undrawn and Greenfire is debt-free.

This news release does not constitute an offer to sell or the solicitation of an offer to buy the securities in any jurisdiction. The securities being offered have not been approved or disapproved by any securities regulatory authority.

About Greenfire

Greenfire is an oil sands producer actively developing its long-life and low-decline thermal oil assets in the Athabasca region of Alberta, Canada, with its registered offices in Calgary, Alberta. The Company plans to leverage its large resource base and significant infrastructure in place to drive meaningful, capital-efficient production growth. As part of the Company's commitment to operational excellence, safe and reliable operations remain a top priority for Greenfire. Greenfire common shares are listed on the New York Stock Exchange and Toronto Stock Exchange under the trading symbol "GFR". For more information, visit greenfireres.com or find Greenfire on LinkedIn and X.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/278719

Source: Greenfire Resources Ltd.

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December 19, 2025

Chinese AI model DeepSeek, often described as a regional alternative to ChatGPT, has issued a new round of aggressive price forecasts for XRP, Bitcoin and Dogecoin as 2025 approaches its final weeks. According to the model, all three assets could see extreme volatility, with sharp moves possible to the upside or downside before year-end.

Below is a summary of DeepSeek’s dual-track outlook, outlining both optimistic and pessimistic price paths for each cryptocurrency through the end of December.

XRP (XRP): DeepSeek AI Warns of Possible Collapse to $0.20 or Moonshot Surge Toward $10In its bearish case, DeepSeek AI estimates that Ripple’s XRP ($XRP) could fall dramatically from its current level near $1.88 to as low as $0.20. Such a move would imply a drawdown of roughly 89% if selling pressure and negative sentiment intensify.

Source: DeepSeek This scenario would sharply contrast with XRP’s strong performance earlier in the year, when the token reached its first new all-time high (ATH) in seven years. XRP peaked at $3.65 in July, shortly after Ripple secured a major legal victory against the U.S. Securities and Exchange Commission.

Throughout much of 2025, XRP has largely traded within a $2 to $3 range. Its relative strength index (RSI) is currently hovering near 39 and trending higher, suggesting renewed interest from traders looking to buy at discounted levels.

On the bullish end of the spectrum, DeepSeek projects a decisive breakout that could lift XRP by more than 432%, pushing the price toward $10 by the end of the year.

The recent launch of five spot XRP exchange-traded funds (ETFs) in the U.S. could help drive fresh institutional demand during the holiday period, following a pattern previously seen with Bitcoin and Ethereum ETFs.

More ETF approvals are expected in the months ahead, raising the odds that 2026 becomes a defining year for XRP. Investors building positions at current prices could benefit a lot.

Bitcoin (BTC): DeepSeek Sees Path to $250,000 or Pullback to $20,000Bitcoin ($BTC), the world’s largest cryptocurrency by market value, set a new all-time high of $126,080 on October 6. Looking further out, DeepSeek’s extended forecast places BTC as high as $200,000 by 2026.

Source: DeepSeekFrequently likened to digital gold, Bitcoin continues to draw interest from both institutional and retail investors seeking hedges against economic uncertainty. BTC now accounts for more than $1.75 trillion of the roughly $3.05 trillion total crypto market capitalization.

As inflation pressures ease and market sentiment improves heading into the holidays, Bitcoin could attempt another run toward recent highs. The Federal Reserve’s latest interest rate cut may also boost liquidity, supporting risk assets through December.

However, DeepSeek cautions that a sustained wave of selling could drag BTC back toward the $20,000 level, marking the start of a crypto winter throughout 2026.

Even if it seems very ambitious the AI model maintains that its $200,000 upside target remains plausible in early 2026, particularly if U.S. policymakers deliver clearer crypto regulations and move forward with plans for a U.S. Strategic Bitcoin Reserve.

Dogecoin (DOGE): DeepSeek AI Projects Rally to $1 or Slide Toward $0.03Launched in 2013 as a parody cryptocurrency, Dogecoin ($DOGE) has since grown into a major digital asset with a market capitalization of roughly $22 billion. It now represents close half of the estimated $44 billion meme-coin sector.

Source: DeepSeekDOGE formed several bullish chart patterns in late summer and early autumn, but momentum has weakened in recent weeks. Under DeepSeek’s bearish scenario, Dogecoin could fall to around $0.03, marking a decline of about 77% from its current price near $0.1318.

Dogecoin’s all-time high of $0.7316 was recorded during the retail-driven rally of 2021, and the long-awaited move to $1 has yet to materialize. Still, DeepSeek’s optimistic outlook suggests DOGE could surprise the market with a rally of more than 650%, potentially reaching parity with the dollar, a 7.5x increase from current levels.

Meanwhile, real-world adoption of Dogecoin continues to grow. Tesla accepts DOGE for select merchandise, and major payment platforms such as PayPal and Revolut have added support for Dogecoin transactions.

Maxi Doge (MAXI): A Rapidly Growing Meme Coin Not Included in DeepSeek’s ForecastWhile DeepSeek’s analysis centers on established cryptocurrencies, early-stage presale projects often offer far greater upside potential. One such project attracting increasing attention is Maxi Doge ($MAXI), which has already raised nearly $4.4 million as it positions itself as a potential successor to Dogecoin.

MAXI revolves around the character of Maxi Doge, a high-octane crypto degenerate and distant relative of the original Dogecoin. The project leans heavily into meme culture, portraying Maxi as obsessed with heavy lifting, extreme leverage trading and rallying a hyper-active MAXI DOGE community.

Issued as an ERC-20 token, MAXI runs on Ethereum’s proof-of-stake network. This gives it advantages in energy efficiency and developer access compared to Dogecoin’s older proof-of-work architecture.

The ongoing presale offers staking rewards of up to 71% APY, though yields are designed to decline as more participants join.

MAXI is currently priced at $0.000274 in its latest presale round, with automatic price increases scheduled for future stages. Tokens can be purchased using MetaMask or Best Wallet.

Dogecoin stands no chance!

Stay updated through Maxi Doge’s official X and Telegram pages.

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December 19, 2025 17:15 ET

 | Source:

Iovance Biotherapeutics, Inc.

SAN CARLOS, Calif., Dec. 19, 2025 (GLOBE NEWSWIRE) -- Iovance Biotherapeutics, Inc. (NASDAQ: IOVA) ("Iovance" or the “Company”), a biotechnology company focused on innovating, developing, and delivering novel polyclonal tumor infiltrating lymphocyte (“TIL”) therapies for patients with cancer, today announced that on December 18, 2025 (the “Date of Grant”), the Company approved the grant of inducement stock options covering an aggregate of 43,150 shares of Iovance’s common stock to four new, non-executive employees.

The awards were granted under Iovance’s Amended and Restated 2021 Inducement Plan, which was adopted on September 22, 2021 and amended and restated on January 12, 2022, March 13, 2023, February 26, 2024, and November 22, 2024, and provides for the granting of equity awards to new employees of Iovance by the Company’s compensation committee in accordance with Nasdaq Listing Rule 5635(c)(4). Each of the stock options granted as referenced in this press release has an exercise price of $2.46, the closing price of Iovance’s common stock on the Date of Grant. Each stock option vests over a three-year period, with one-third of the shares vesting on the first anniversary of the employee’s start date (the “First Vesting Date”) and the remaining shares vesting in eight quarterly installments over the next two years, commencing with the first quarter following the First Vesting Date, subject to continued employment with the Company through the applicable vesting dates.

About Iovance Biotherapeutics, Inc.

Iovance Biotherapeutics, Inc. aims to be the global leader in innovating, developing, and delivering tumor infiltrating lymphocyte (“TIL”) therapies for patients with cancer. We are pioneering a transformational approach to cure cancer by harnessing the human immune system’s ability to recognize and destroy diverse cancer cells in each patient. The Iovance TIL platform has demonstrated promising clinical data across multiple solid tumors. Iovance’s Amtagvi® is the first FDA-approved T cell therapy for a solid tumor indication. We are committed to continuous innovation in cell therapy, including gene-edited cell therapy, that may extend and improve life for patients with cancer. For more information, please visit www.iovance.com.

Amtagvi® and its accompanying design marks, Proleukin®, Iovance®, and IovanceCares™ are trademarks and registered trademarks of Iovance Biotherapeutics, Inc. or its subsidiaries. All other trademarks and registered trademarks are the property of their respective owners.

Forward-Looking Statements

Certain matters discussed in this press release are “forward-looking statements” of Iovance Biotherapeutics, Inc. (hereinafter referred to as the “Company,” “we,” “us,” or “our”) within the meaning of the Private Securities Litigation Reform Act of 1995 (the “PSLRA”). Without limiting the foregoing, we may, in some cases, use terms such as “predicts,” “believes,” “potential,” “continue,” “estimates,” “anticipates,” “expects,” “plans,” “intends,” “forecast,” “guidance,” “outlook,” “may,” “can,” “could,” “might,” “will,” “should,” or other words that convey uncertainty of future events or outcomes and are intended to identify forward-looking statements. Forward-looking statements are based on assumptions and assessments made in light of management’s experience and perception of historical trends, current conditions, expected future developments, and other factors believed to be appropriate. Forward-looking statements in this press release are made as of the date of this press release, and we undertake no duty to update or revise any such statements, whether as a result of new information, future events or otherwise. Forward-looking statements are not guarantees of future performance and are subject to risks, uncertainties, and other factors, many of which are outside of our control, that may cause actual results, levels of activity, performance, achievements, and developments to be materially different from those expressed in or implied by these forward-looking statements. Important factors that could cause actual results, developments, and business decisions to differ materially from forward-looking statements are described in the sections titled "Risk Factors" in our filings with the U.S. Securities and Exchange Commission, including our most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q.

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December 19, 2025 17:15 ET

 | Source:

ValOre Metals Corp.

VANCOUVER, British Columbia, Dec. 19, 2025 (GLOBE NEWSWIRE) -- ValOre Metals Corp. (“ValOre” or the “Company”); (TSX‐V: VO; OTCQB: KVLQF; Frankfurt: KEQ0) today announced the voting results of its recent annual general meeting of shareholders ("AGM"), which was held on December 18, 2025.

Shareholders approved setting the size of the Board at five, including the election of each director nominee. Detailed results of the vote for the election of directors are as follows:

Nominee# Voted For%Voted For# Votes Withheld% Votes WithheldNicholas Smart81,395,71299.32%560,3450.68%James Paterson81,345,65699.26%610,4010.74%Dale Wallster80,591,75798.34%1,364,3001.66%Garth Kirkham81,395,71299.32%560,3450.68%Darren Klinck81,395,71299.32%560,3450.68%      Shareholders also approved the appointment of Davidson & Company LLP, Chartered Professional Accountants, as the auditors of the Company by 99.92% of votes for, and the New Equity Incentive Plan as described in the Company’s Information Circular was approved by 95.68% of votes.

 Subsequent to the meeting, the Board of Directors re- confirmed the following committees, all of which are comprised of independent directors:

Audit Committee: Dale Wallster (Chair), Darren Klinck, Garth KirkhamCompensation Committee: Garth Kirkham (Chair), Dale Wallster, Darren KlinckCorporate Governance Committee: Darren Klinck (Chair), Garth Kirkham, Dale Wallster About ValOre

ValOre Metals Corp. is a Canadian company with a team aiming to deploy capital and knowledge on projects which benefit from substantial prior investment by previous owners, existence of high-value mineralization on a large scale, and the possibility of adding tangible value through exploration and innovation.

On behalf of the Board of Directors,
“James R. Paterson”
James R. Paterson, Chairman

ValOre Metals Corp.

For further information about ValOre Metals Corp., or this news release, please visit our website at www.valoremetals.com or contact Investor Relations at 778-819-4484, or by email at [email protected].

ValOre Metals Corp. is a proud member of Discovery Group. For more information please visit: http://www.discoverygroup.ca/

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

In brief
Sen. Cynthia Lummis (R-WY) announced she won’t seek reelection when her Senate term ends next year.
Lummis was a central force behind major crypto efforts, including passage of the GENIUS Act and ongoing market structure bill talks.
She has also been a particularly avid supporter of Bitcoin.
Sen. Cynthia Lummis (R-WY), one of the crypto industry’s most reliable and powerful allies on Capitol Hill, announced Friday that she will not seek reelection when her term expires next year.

“Deciding not to run for reelection does represent a change of heart for me, but in the difficult, exhausting session weeks this fall I’ve come to accept that I do not have six more years in me,” Lummis said in a statement. “I am a devout legislator, but I feel like a sprinter in a marathon. The energy required doesn’t match up.”

Earlier this year, Lummis—who has been called the "Bitcoin Senator" for her crypto support and advocacy—was instrumental to the passage of the GENIUS Act, the first-ever major piece of crypto legislation signed into law. The bill, which established a federal framework for issuing and trading stablecoins, faced many dramatic starts and stops before ultimately getting over the finish line in late July.

Lummis has also been at the center of ongoing negotiations over the crypto industry’s coveted market structure bill, which has faced even more substantial hurdles to passage. The history of that bill, which would formally legalize most crypto activity in the United States, stretches back to 2022, when Lummis and Sen. Kirsten Gillibrand (D-NY) first drafted a version that was ultimately never passed. 

The sprawling market structure bill currently faces numerous obstacles—among them growing dissension between factions within the crypto industry over the legislation’s content and necessity. Senate Republicans first aimed to see the bill passed by the end of summer, then by September, then by the end of this year—a target that has also now slipped by.

The legislation has not yet been marked up by the Senate Banking Committee, and Congress is expected to grind to a halt by spring in anticipation of the 2026 midterms. Whether the bill will manage to become law will likely become one of the final benchmarks of Lummis’ 18-year tenure in Congress.

In her time advocating for crypto-related issues, Lummis has also placed a particular emphasis on the importance of Bitcoin. Earlier this year, the senator introduced the Bitcoin Act, which would obligate the U.S. government to purchase some $80 billion worth of Bitcoin over a five-year period in the interest of bolstering a federal strategic Bitcoin reserve.

Lummis’ retirement announcement Friday immediately prompted messages of support from crypto industry leaders. 

“Senator Lummis has been a leading champion for digital assets in Washington,” Ji Kim, CEO of the Crypto Council for Innovation, said in a statement shared with Decrypt. “The digital asset ecosystem is stronger because of her service, and we are grateful for her leadership.”

Lummis would have been up for reelection next year. She will retire from Congress in January 2027.

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Fri, 19/12/2025 - 22:41

Multiple crypto transfers carrying large amounts of XRP have been spotted as the leading altcoin begins to show signs of a potential price rebound.

Cover image via www.freepik.com

After multiple days of trading sideways, XRP is showing signs of a potential rebound again, and whales appear to be repositioning amid the broader crypto market shift.

As XRP appears to be headed for a brief price resurgence, multiple crypto transfers carrying large amounts of XRP have been spotted. According to data provided by the tracker, a total of over 334 million XRP was moved among multiple unknown wallets in just a few minutes on Friday, December 19.

The large transfers were executed in four separate transactions, with two transfers involving 79.16 million XRP each. Both transfers collectively are worth about $300 million, according to the data.

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Furthermore, the remaining two transfers were also identical but larger, carrying 87,960,030 XRP each. They were worth between $166 million and $167 million, per XRP’s price at the time each transfer was executed.

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Notably, all four transactions share a similar nature, as both the senders and destinations of each of the large XRP transfers were not identified, causing market watchers to wonder about the purpose of the multiple XRP transfers.

While the transactions happened consecutively, speculators suggest the moves could be a strategic institutional repositioning in anticipation of something big.

Is XRP headed for a rebound?The mysterious nature of all four transfers makes it difficult to directly link the movements with XRP’s sudden price shift. However, with the transfers coinciding with XRP’s brief price surge, speculators have suggested that the transfers could have had a positive impact on the leading altcoin.

Nonetheless, with XRP’s slow price movements over the past few days, its sudden divergence toward a bullish trajectory suggests that a major price rebound may be near.

After sliding as low as $1.77 during its current trading session, the sharp increase has pushed its price higher, showing a decent price surge of 3.29% and trading at $1.88 as of writing time.

The resurgence in XRP’s price also appears to have been driven by strong demand from XRP ETFs. The funds pulled in over $30 million in their latest single-day inflow.

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TL;DR

IBIT has attracted $25.4 billion in net inflows, surpassing established funds like the SPDR Gold Trust.
Despite a 9.6% annual loss, the fund remains a leader in capital raising for 2025.
Analysts describe investor behavior as a large-scale “HODL clinic.”

Digital assets are going through an unusual stage. Recently, the price of Bitcoin has shown signs of weakness, but BlackRock IBIT inflows have not stopped; in fact, they have accumulated more than $25 billion so far.

 This figure positions BlackRock’s ETF ahead of highly profitable traditional investment products, such as gold, evidencing a paradigm shift in strategic asset allocation.

This fund stands out for its counter-cyclical behavior. While IBIT is the only one among the top flow leaders recording a negative return of nearly 9.6%, investor appetite seems immune to short-term losses.

This scenario suggests that capital entering through regulated vehicles is not seeking a short-term speculative trade, but rather structural long-term exposure.

Bitcoin Surpasses Gold in Institutional Investment Preference
The contrast with precious metals is revealing. Despite the fact that the SPDR Gold Trust (GLD) rose more than 64% over the same period, its captures lagged behind BlackRock IBIT inflows.

According to analyst Eric Balchunas, this indicates that price performance is not the only driver of decisions this year; investors are taking advantage of Bitcoin corrections to accumulate positions.

$IBIT is the only ETF on the 2025 Flow Leaderboard with a negative return for the year. CT's knee-jerk reaction is to whine about the return but the real takeaway is that is was 6th place DESPITE the negative return (Boomers putting on a HODL clinic). Even took in more than $GLD… pic.twitter.com/68uq3HFRuO

— Eric Balchunas (@EricBalchunas) December 19, 2025

While equity ETFs such as Vanguard’s VOO continue to dominate the market with inflows exceeding $145 billion, IBIT’s presence in the “top” of captures is notable given its recent creation and higher volatility.

The resilience of BlackRock IBIT inflows in the face of negative returns suggests massive growth potential: if the fund can attract 25 billion in a “red” year, the volume of capital during a euphoric bull market could be astronomical.

In summary, flow data is consolidating as a leading indicator of institutional adoption. Investor conviction in regulated Bitcoin exposure remains intact, treating the asset more as a strategic digital store of value than a simple momentum instrument.

A Delaware judge previously rejected the 2018 package, but Friday's ruling said it would have been unfair for Musk to have been left uncompensated for years of work.

Vancouver, British Columbia--(Newsfile Corp. - December 19, 2025) - Supreme Critical Metals Inc., (CSE: CRIT) (FSE: VR6) ("Supreme" or the "Company") is pleased to announce that it has closed the final tranche of its non-brokered Flow-Through Unit Private Placement (the "Financing"). In the first tranche the Company raised proceeds of $733,250.19 through the sale of 3,410,466 Flow-Through Units at a price of $0.215 per Flow-Through Unit (the "FT Units"). The second and final tranche the Company raised proceeds of $30,100 through the sale of 140,000 Units.

Pursuant to the terms of the Financing, each FT Unit consists of one common share of the Company and one-half (1/2) of one common share purchase warrant, each whole warrant entitling the holder to purchase one additional common share at an exercise price of $0.30 for 24 months, subject to the Company's right to accelerate expiry if, at any time, the 20 day Volume-Weighted Average Price ("VWAP") of the Company's Common Shares is greater than $0.60 per Common Share for 10 consecutive days, including days where there is no trading. Each FT Unit will qualify as a "flow-through share" under subsection 66 (15) of the Tax Act.

Securities issued pursuant to this closing are subject to trading restrictions until April 20, 2026.

Proceeds from the Offering will be used for exploration on the Company's properties.

The securities of the Company have not been, and will not be, registered under the U.S. Securities Act of 1933, as amended (the "U.S. Securities Act") or any U.S. state securities laws and may not be offered or sold in the United States absent registration or an available exemption from the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there by any sale of the securities referenced in this press release, in any jurisdiction in which such offer, solicitation or sale would be unlawful.

About Supreme Critical Metals Inc.

Supreme Critical Metals Inc. (CSE: CRIT) (FSE: VR6) is a publicly traded, diversified exploration company advancing a portfolio of high-potential silver, copper, uranium, and gold properties across North America. The Company follows a disciplined, data-driven acquisition strategy focused on mining-friendly jurisdictions with established infrastructure, predictable permitting, and supportive regulatory frameworks.

Additional information about Supreme Critical Metals is available on the Company's website at www.supremecriticalmetals.com.

On Behalf of the Board of Supreme Critical Metals Inc.

"Glen R. Watson"

Glen R. Watson

President & CEO

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Cautionary Note Regarding Forward-Looking Information

Forward-looking information in this release includes statements regarding the expected closing date of the Offering and future exploration programs. This news release contains forward-looking information and forward-looking statements (collectively, "forward-looking information"). Such forward-looking information is provided to inform the Company's shareholders and potential investors about management's current expectations and plans relating to the future. Readers are cautioned that reliance on such information may not be appropriate for other purposes. Any such forward-looking information may be identified by words such as "anticipate", "proposed", "estimates", "would", "expects", "intends", "plans", "may", "will", and similar expressions, although not all forward-looking information contain these identifying words.

More particularly and without limitation, the forward‐looking information in this news release includes expectations regarding the Company's business plans and operations. Forward-looking information is based on a number of factors and assumptions that have been used to develop such information, but which may prove to be incorrect. Although the Company believes that the expectations reflected in such forward-looking information are reasonable, undue reliance should not be placed on forward-looking information because the Company can give no assurance that such expectations will prove to be correct. The forward-looking information in this news release reflects the Company's current expectations, assumptions and/or beliefs based on information currently available to the Company.

Whether actual results, performance, or achievements will conform to Supreme's expectations and predictions is subject to a number of known and unknown risks and uncertainties, which could cause actual results and experience to differ materially from Supreme's expectations. Such material risks and uncertainties include, but are not limited to, the impact of general economic conditions, industry conditions and dependence upon regulatory approvals.

Any forward-looking information speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking information, whether as a result of new information, future events or results or expressly qualified by this cautionary statement. Readers are cautioned not to place undue reliance on forward-looking statements.

Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy of this release.

###

/THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/278751

Source: Supreme Critical Metals Inc.

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NORTH BAY, Ontario--(BUSINESS WIRE)--GreenFirst Forest Products Inc. (TSX: GFP) (“GreenFirst” or the “Company”) today announced adjustments to its operating schedule in response to continued challenging market conditions in the softwood lumber sector. Given current market conditions, GreenFirst will extend its holiday curtailment at three of its four sawmills — Hearst, Kapuskasing, and Cochrane — resulting in a three-week shutdown from December 22, 2025 to January 9, 2026. “Softwood lumber mark.

December 19, 2025 17:30 ET

 | Source:

ExGen Resources Inc

VANCOUVER, British Columbia, Dec. 19, 2025 (GLOBE NEWSWIRE) -- ExGen Resources Inc. (TSXV: EXG; OTC: BXXRF) (“ExGen”) and MTB Metals Corp. (TSXV: MTB, OTCQB: MBYMF, Frankfurt: E8H) (“MTB”) are pleased to announce completion of the previously disclosed plan of arrangement (the “Arrangement”), pursuant to which ExGen acquired all of the issued and outstanding securities of MTB by way of a court-approved plan of arrangement under the Business Corporations Act (British Columbia).

Commenting on the acquisition, ExGen CEO Jason Riley said: “ExGen is pleased to welcome the MTB team and shareholders to our company. The integration of MTB marks a pivotal milestone for ExGen. This partnership isn't just about scale; it’s about combining our shared vision to capture an incredible time in the market that we believe has only just begun. Together, we possess the critical mass and agility needed to build momentum on future partnerships and acquisitions to establish ExGen as an emerging royalty company.”

TRANSACTION DETAILS

Pursuant to the terms of the Arrangement, among other things, ExGen acquired 100% of the issued and outstanding common shares in the capital of MTB (the “MTB Shares”) in exchange for the issuance of 0.286 common shares in the capital of ExGen (each whole common share, an “ExGen Share”) to shareholders of MTB in exchange for each MTB Share (the “Exchange Ratio”). Following the completion of the Arrangement, there are 109,149,808 issued and outstanding ExGen Shares.

Each eligible outstanding stock option to acquire MTB Shares (the “MTB Options”) was exchanged for a replacement stock option to acquire ExGen Shares, in amounts and at exercise prices adjusted in accordance with the Exchange Ratio. Any document previously evidencing MTB Options now evidences and shall be deemed to evidence such replacement stock options. Further, each outstanding warrant to acquire MTB Shares (the “MTB Warrants”) will entitle the holder thereof to receive, upon the exercise thereof, 0.286 of an ExGen Share at a price adjusted in accordance with the Exchange Ratio, and otherwise on the same terms and conditions as the original MTB Warrant.

The Arrangement received the requisite approval of MTB’s securityholders at a special meeting of securityholders held on December 11, 2025. On December 16, 2025, the Supreme Court of British Columbia issued the final order to approve the Arrangement.

For additional details regarding the above and the Arrangement, please see MTB’s management information circular dated November 5, 2025, a copy of which can be found under MTB’s profile on SEDAR+ at www.sedarplus.ca.

The MTB Shares are expected to be delisted from the TSX Venture Exchange (the “TSXV”) effective as of the close of business on or about December 23, 2025. ExGen also intends to submit an application to the applicable securities regulators to have MTB cease to be a reporting issuer and terminate its public reporting obligations.

ACTION REQUIRED BY MTB SHAREHOLDERS

Registered shareholders of MTB are reminded to submit their duly completed letters of transmittal and, as applicable, the certificates and/or DRS advices representing their MTB Shares to Endeavor Trust Corporation. If any shareholder of MTB has questions or requires further information about the procedures to complete the letter of transmittal, please contact Endeavor Trust Corporation at 604-559-8880 or by email at [email protected]. Shareholders whose MTB Shares are registered in the name of a broker, dealer, bank, trust company or other nominee should contact their nominee.

CHANGE OF EXGEN BOARD AND MANAGEMENT

On completion of the Arrangement, Mark T. Brown, a director of MTB, has been appointed as a director of ExGen.

EARLY WARNING REPORTING

By virtue of its acquisition of all the issued and outstanding MTB Shares pursuant to the Arrangement, ExGen is required to file an early warning report pursuant to National Instrument 62-103 - The Early Warning System and Related Take-Over Bid and Insider Reporting Issues. A copy of the early warning report will be filed by ExGen against MTB on SEDAR+ at www.sedarplus.ca.

ABOUT EXGEN RESOURCES INC.

ExGen is a project accelerator that seeks to fund exploration and development of our projects through joint ventures and partnership agreements. This approach significantly reduces the technical and financial risks for ExGen, while maintaining the upside exposure to new discoveries and potential cash flow. ExGen intends to build a diverse portfolio of projects across exploration stages and various commodity groups. ExGen currently has 7 projects in Canada and the US.

On behalf of the Board of Directors of ExGen:
Jason Riley
President & CEO
Tel: 604-688-2641
For further information on ExGen:
Jason Tong
Chief Financial Officer
Email: [email protected]
Cell: 604-889-7827

ABOUT MTB METALS CORP.

MTB is advancing two copper-gold projects in the prolific Golden Triangle of northern British Columbia.

Telegraph: 350 square kilometre property located in the vicinity of 4 notable porphyry deposits all being explored or mined by major mining companies. Field work by MTB, together with earlier results, provides compelling evidence for the presence of one or more porphyries similar to the others in the area.

Southmore: 50 square kilometer property hosts several significant copper and gold occurrences. Surface samples include a sample with 12.7% copper and another with 29.4 g/t gold.

MTB also holds royalties on four projects in the Golden Triangle, including two past producing mines.

On behalf of the Board of Directors of MTB:
Lawrence Roulston
President & CEO
For further information on MTB:
Caroline Klukowski, Investor Relations
[email protected]

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

Forward-Looking Information: This news release contains certain forward-looking information. All statements included herein, other than statements of historical fact, are forward-looking information and such information involves various risks and uncertainties. There can be no assurance that such information will prove to be accurate, and actual results and future events could differ materially from those anticipated in such information. In particular, this news release contains forward-looking information in relation to: the expected timing by which the MTB Shares will be delisted from the TSXV (the “Delisting”), the potential securities regulators’ approval to have MTB cease to be a reporting issuer (the “Cease Reporting”) and conversion of MTB’s securities post-Arrangement. There can be no assurance that such information will prove to be accurate, and actual results and future events could differ materially from those anticipated in such information. In the forward looking information contained in this news release, ExGen and MTB have made numerous assumptions, based upon practices and methodologies which are consistent with the mineral industry. In addition, ExGen and MTB have assumed: the satisfaction of any conditions post Arrangement, including, without limitation, the receipt of TSXV’s acceptance of the Delisting, securities regulators’ acceptance of the Cease Reporting and all required board approvals and regulatory acceptance in connection with post Arrangement matters and filings. While ExGen and MTB consider these assumptions to be reasonable, these assumptions are inherently subject to significant uncertainties and contingencies. Additionally, there are known and unknown risk factors which could cause ExGen's and MTB’s observations, actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information contained herein. Known risk factors include, among others: general business, economic, competitive, political and social uncertainties; general capital market conditions and market prices for securities; volatility of commodity prices; competition; accidents and other risks inherent in the mining industry; delay or failure to receive board of directors, third party or regulatory approvals; competition; changes in legislation, including environmental legislation, affecting ExGen or MTB; the early stage development of ExGen and MTB and their projects; the timing and availability of external financing on acceptable terms; conclusions of economic evaluations and appraisals; the possibility that the analytical results from future core sampling does not return significant grades of mineralization; uncertainties relating to interpretation of drill results and the geology; continuity and grade of mineralization; there is no certainty that any work programs will result in significant or successful exploration of ExGen’s and MTB’s projects or development of such projects into a producing mine; uncertainty as to the actual results of exploration and development or operational activities; uncertainty as to the availability and terms of future financing; uncertainty as to timely availability of permits and other governmental approvals; ExGen and MTB may not be able to comply with their ongoing obligations regarding their properties and projects; lack of insurance; currency fluctuations; changes in project parameters as plans continue to be refined; and lack of qualified, skilled labour or loss of key individuals. A description of additional risk factors that may cause actual results to differ materially from forward-looking information can be found in ExGen's and MTB’s disclosure documents on the SEDAR+ website at www.sedarplus.ca. Although ExGen and MTB have attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking information. ExGen and MTB do not undertake to update any forward-looking information except in accordance with applicable securities laws.

Analyst’s Disclosure:I/we have a beneficial long position in the shares of WIZEY, DBOEY either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

While this article may sound like financial advice, please observe that the author is not a US-based CFA engaged by the reader. It may be structured as such, but it is not financial advice. Investors/readers are required and expected to do their own due diligence and research prior to any investment.
They generally are not appropriate for someone with limited capital, limited investment experience, or a lack of understanding for the necessary risk tolerance involved. I own the European/Scandinavian tickers (not the ADRs) of all European/Scandinavian companies listed in my articles.
I own the Canadian tickers of all Canadian stocks I write about. Please note that investing in European/Non-US stocks comes with withholding tax risks specific to the company's domicile as well as your personal situation. Investors should always consult a tax professional as to the overall impact of dividend withholding taxes and ways to mitigate these.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

NEW YORK, Dec. 19, 2025 (GLOBE NEWSWIRE) -- December 19, 2025 - The following statement is being issued by Levi & Korsinsky, LLP:

To: All persons or entities who purchased or otherwise acquired securities of F5, Inc. (“F5” or the “Company”) (NASDAQ: FFIV) between October 28, 2024, and October 27, 2025, inclusive. You are hereby notified that the class action lawsuit Matthew Smith v. F5, Inc., et al. (Case No. 2:25-cv-02619) has been commenced in the United States District Court for the Western District of Washington. To get more information go to:

https://zlk.com/pslra-1/f5-inc-lawsuit-submission-form

or contact Joseph E. Levi, Esq. either via email at [email protected] or by telephone at (212) 363-7500. There is no cost or obligation to you.

According to the complaint, defendants provided overwhelmingly positive statements to investors while, at the same time, disseminating materially false and misleading statements and/or concealing material adverse facts concerning the true state of F5’s security capabilities; notably, that it was not truly equipped to safely secure data for its clients as F5 itself was, for all relevant times, experiencing a significant security breach (the “Security Breach”) of some of its key offerings and, further, that the revelation of this breach would significantly impact F5’s potential to capitalize on the security market.

On October 27, 2025, F5 announced their fourth quarter fiscal year 2025 results after the market closed, providing significantly below-market growth expectations for fiscal 2026 due in significant part to the Security Breach as the Company announced expected reductions to sales and renewals, elongated sales cycles, terminated projections, and increased expenses attributed to ongoing remediation efforts. Pertinently, defendants also disclosed that BIG-IP, the product that was the subject of the Security Breach, is the company’s highest revenue product, elevating the scope of the impact from the original disclosure as F5 does not otherwise provide revenue contributions by product line.

Following this news, the price of F5’s common stock declined dramatically. From a closing market price of $290.41 per share on October 27, 2025, F5’s stock price fell to $258.76 per share on October 28, 2025, a decline of an additional 10.9% in the span of two days.

“Our firm is committed to ensuring that investors receive full compensation for losses caused by corporate misrepresentations,” said Joseph E. Levi, a partner at Levi & Korsinsky. “We encourage FFIV shareholders to step forward before the February 17, 2026 deadline so we can pursue justice on their behalf.”

If you suffered a loss in FFIV securities, you have until February 17, 2026 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff.

WHY LEVI & KORSINSKY: Over the past 20 years, the team at Levi & Korsinsky has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. Our firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services’ Top 50 Report as one of the top securities litigation firms in the United States.

CONTACT:
Levi & Korsinsky, LLP  
Joseph E. Levi, Esq. 
Ed Korsinsky, Esq. 
33 Whitehall Street, 27th Floor 
New York, NY 10004 
[email protected]  
Tel: (212) 363-7500 
Fax: (212) 363-7171 
www.zlk.com

Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

ST. PAUL, Minn.--(BUSINESS WIRE)--A Minnesota jury awarded $65.5 million to a 37-year-old mother of three minor children after finding in her favor in a lawsuit against Johnson & Johnson, concluding that the company's talc products exposed her to asbestos and contributed to her developing mesothelioma, a cancer of the lining of the lungs. The verdict follows a 13-day trial in Ramsey County District Court, where jurors heard evidence that Johnson & Johnson sold and marketed talc-based co.

December 19, 2025 16:30 ET

 | Source:

Okeanis Eco Tankers Corp

ATHENS, Greece, Dec. 19, 2025 (GLOBE NEWSWIRE) -- Financial calendar for Okeanis Eco Tankers Corp.

FINANCIAL YEAR 202520.03.2026 - Annual Report
18.02.2026 - Quarterly Report - Q4

FINANCIAL YEAR 202604.08.2026 - Half-yearly Report
29.05.2026 - Annual General Meeting

13.05.2026 - Quarterly Report - Q1
11.11.2026 - Quarterly Report - Q3

All quarterly financial results will be released after market close on the New York Stock Exchange (NYSE) on the respective dates.

Contacts

Company:
Iraklis Sbarounis, CFO
Tel: +30 210 480 4200
[email protected]

Investor Relations / Media Contact:
Nicolas Bornozis, President
Capital Link, Inc.
230 Park Avenue, Suite 1540, New York, N.Y. 10169
Tel: +1 (212) 661-7566
[email protected]

About OET

OET is a leading international tanker company providing seaborne transportation of crude oil and refined products. The Company was incorporated on April 30, 2018 under the laws of the Republic of the Marshall Islands and is listed on Oslo Stock Exchange under the symbol OET and the New York Stock Exchange under the symbol ECO. The sailing fleet consists of six modern scrubber-fitted Suezmax tankers and eight modern scrubber-fitted VLCC tankers.

This information is published pursuant to the requirements set out in the Continuing obligations.

December 19, 2025 16:30 ET

 | Source:

National Healthcare Properties

NEW YORK, Dec. 19, 2025 (GLOBE NEWSWIRE) -- National Healthcare Properties, Inc. (Nasdaq: NHPAP / NHPBP) (“NHP”) announced today that it declared quarterly dividends on its outstanding preferred stock. Specifically, NHP declared a dividend of $0.4609375 per share on its 7.375% Series A Cumulative Redeemable Perpetual Preferred Stock payable on January 15, 2026 to holders of record at the close of business on January 2, 2026. In addition, NHP declared a dividend of $0.4453125 per share on its 7.125% Series B Cumulative Redeemable Perpetual Preferred Stock payable on January 15, 2026 to holders of record at the close of business on January 2, 2026.

About National Healthcare Properties, Inc.

National Healthcare Properties, Inc. (Nasdaq: NHPAP / NHPBP) is a publicly registered real estate investment trust focused on acquiring a diversified portfolio of healthcare real estate, with an emphasis on seniors housing and outpatient medical facilities located in the United States. Additional information about NHP can be found on its website at nhpreit.com.

Forward-Looking Statements

This press release may contain “forward-looking” statements as defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements concern and are based upon, among other things, the potential growth of NHP’s portfolio; the sale of properties; the performance of its operators/tenants and properties; its ability to enter into agreements with new viable tenants for vacant space on favorable terms, or at all; its occupancy rates; its ability to acquire, develop and/or manage properties; its ability to make distributions to shareholders; its policies and plans regarding investments, financings and other matters; its tax status as a real estate investment trust; its critical accounting policies; its ability to appropriately balance the use of debt and equity; its ability to access capital markets or other sources of funds; and its ability to finance and complete, and the effect of, future acquisitions. When NHP uses words such as “may,” “will,” “intend,” “should,” “believe,” “expect,” “anticipate,” “project,” “estimate” or similar expressions, it is making forward-looking statements. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties. NHP’s expected results may not be achieved, and actual results may differ materially from expectations. This may be a result of various factors, including, but not limited, the risks and uncertainties described in the section titled Risk Factors of its most recent Annual Report on Form 10-K for the year ended December 31, 2024 and all other filings with the Securities and Exchange Commission. Finally, NHP assumes no obligation to update or revise any forward-looking statements or to update the reasons why actual results could differ from those projected in any forward-looking statements.

Contacts

Investors and Media:
Email: [email protected]

HONG KONG, Dec. 19, 2025 (GLOBE NEWSWIRE) -- AGM GROUP HOLDINGS INC. (Nasdaq: AGMH) (the “Company” or “AGMH”), is one of the few publicly-listed companies at US market with both ASIC chip design and crypto miner production capabilities and its released crypto miner has competitive product performance and parameters, today announced the subsequent closing of offering of a convertible promissory note in the principal amount of $500,000 (the “Note”) convertible into Class A ordinary shares of the Company, par value $0.05 per share (“Shares”) for aggregate gross proceeds of $425,000 as to the closing (the “Closing”).

On September 22, 2025, the Company entered into a series of agreements with an institutional investor (the “Investor”), pursuant to which the Company agreed to allot and issue up to $6 million in face value of original issue discount convertible advances (the “Advances”). Under the Securities Purchase Agreement (the “SPA”), the Company may issue up to $6 million in aggregate principal amount of Advances in three tranches. The first tranche of $2 million is issued in two installments: $1,500,000 at initial closing and $500,000 upon the effectiveness of an initial resale registration statement to be filed with the U.S. Securities and Exchange Commission (“SEC”). This Closing is the second closing of the First Tranche occurred on December 18, 2025.

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

About AGM Group Holdings Inc.

AGM Group Holdings Inc. is one of the few publicly-listed companies at US market with both ASIC chip design and crypto miner production capabilities and its released crypto miner has competitive product performance and parameters. For more information, please visit the Company’s website at https://agmhgroup.com/

Forward-Looking Statements

Certain statements in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company's current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as "approximates," "assesses," "believes," "hopes," "expects," "anticipates," "estimates," "projects," "intends," "plans," "will," "would," "should," "could," "may" or similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company's registration statement and other filings with the U.S. Securities and Exchange Commission.

For more information, please contact:

AGM GROUP HOLDINGS INC.
Investor Relations Department
Email: [email protected]
https://agmhgroup.com/

, /PRNewswire/ -- The NXG Cushing® Midstream Energy Fund (NYSE: SRV) (the "Fund") declared a special distribution of $2.14 per common share.  This special distribution will be payable to common shareholders pursuant to the table below:

Record Date

Ex-Dividend Date

Payment Date

Distribution Amount

December 29, 2025

December 29, 2025

December 31, 2025

$2.14

This special distribution is in addition to the Fund's previously announced December distribution of $0.45 per share. This special distribution is being paid to allow the Fund to meet its 2025 distribution requirements as a regulated investment company for U.S. federal income tax purposes. 

It is estimated that 100% of the special distribution will consist of long-term capital gain. The sources the distribution are only estimates and are provided to you pursuant to regulatory requirements and are not being provided for tax reporting purposes. The final determination of such sources will be made and reported to shareholders in early 2026 for the 2025 dividends, after the end of the calendar year when the Fund determines its earnings and profits for the year. The final tax status of a distribution may differ substantially from this information.

The distribution shall be paid on the payment date unless the payment of such distribution is deferred by the Fund's Board of Trustees upon a determination that such deferral is required in order to comply with applicable law or to ensure that the Fund remains solvent and able to pay its debts as they become due and continue as a going concern.

ADDITIONAL INFORMATION ABOUT THE FUND

The Fund is a non-diversified, closed-end management investment company with an investment objective of seeking a high after-tax total return from a combination of capital appreciation and current income. The Fund seeks to achieve its investment objective by investing, under normal market conditions, at least 80% of its net assets, plus any borrowings for investment purposes, in a portfolio of midstream energy investments. The Fund considers midstream energy investments to be investments that offer economic exposure to securities of midstream energy companies, which are companies that engage provide midstream services in the energy infrastructure sector, including the gathering, transporting, processing, fractionation, storing, refining and distribution of natural resources, such as natural gas, natural gas liquids, crude oil refined petroleum products, biofuels, carbon sequestration, solar, and wind.  The Fund considers a company to be a midstream energy company if at least 50% of its assets, income, sales or profits are committed to, derived from or otherwise related to midstream energy services. The Fund's shares are traded on the New York Stock Exchange under the symbol "SRV."

There can be no assurance that the Fund will achieve its investment objectives. Investments in the Fund involve operating expenses and fees. The net asset value of the Fund will fluctuate with the value of the underlying securities. It is important to note that closed-end funds trade on their market value, not net asset value, and closed-end funds often trade at a discount to their net asset value.

ABOUT NXG Investment Management

Cushing® Asset Management, LP ("Cushing") is an SEC-registered investment adviser headquartered in Dallas, Texas. Cushing serves as investment adviser to affiliated funds and managed accounts. Cushing is doing business as NXG Investment Management. The Firm provides Next Generation investment strategies to investors seeking long-term growth in companies focused on traditional and transformational infrastructure.

Contact:
Blake Nelson
NXG Investment Management
214-692-6334
www.nxgim.com

IMPORTANT INFORMATION

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

This press release contains certain statements that may include "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical fact, included herein are "forward-looking statements." Although the Fund and NXG Investment Management believe that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the company's reports that are filed with the Securities and Exchange Commission. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Other than as required by law, the Fund and Cushing do not assume a duty to update this forward-looking statement.

SOURCE NXG Investment Management

Fort Lauderdale, Florida--(Newsfile Corp. - December 19, 2025) - Flora Growth Corp. (NASDAQ: FLGC) ("Flora" or the "Company"), which is set to rebrand as ZeroStack, and is the first public company to offer exposure to Decentralized AI through the accumulation of $0G, the native cryptocurrency of the distributed AI infrastructure project 0G ("$0G"), held its 2025 Special Meeting of Shareholders (the "Meeting"). The final voting results of the proposals submitted to a vote of the Company's shareholders at the Meeting are as follows:

Proposal 1: To give the board of directors of the Company (the "Board") the authority, at its discretion, to file Articles of Amendment to the Company's amended and restated Articles of Incorporation to change the name of the Company to "ZeroStack Corp." or to such other name as the Board, in its sole discretion, determines to be appropriate:

For Against Abstentions307,327 53,559 1,695Proposal 2: To give the Board the authority, at its discretion, to file Articles of Amendment to the Company's amended and restated Articles of Incorporation to create a new class of preferred shares, issuable in series, and to provide for the rights, privileges, restrictions and conditions attaching to the common shares, no par value, of the Company (the "Common Shares") and the preferred shares, as a class:

BrokerFor
AgainstAbstentions
Non-Votes165,494
32,278435
164,374Proposal 3: To approve an amendment (the "2022 Plan Amendment") to the Company's 2022 Plan to the Company's 2022 Incentive Compensation Plan, as amended on June 6, 2023, August 14, 2024 and June 30, 2025 (the "2022 Plan"), to (i) increase the number of Common Shares issuable thereunder from 115,385 to 10% of the fully diluted Common Shares as of the date the shareholders approve the 2022 Plan Amendment and (ii) increase the number of Incentive Stock Options (as defined in the 2022 Plan) issuable thereunder from 21,795 to the lower of (A) 2,000,000 and (B) the number of Common Shares issued and outstanding as of the date the shareholders approve the 2022 Plan Amendment:

BrokerFor
Against
Abstentions
Non-Votes167,124
30,477
606
164,374Proposal 4: To approve the grant of stock options to the Company's Chief Executive Officer, Chief Financial Officer and Executive Chairman.

BrokerFor
Against
Abstentions
Non-Votes166,325
30,688
1,194
164,374Proposal 5: To approve, for purposes of complying with Nasdaq Listing Rules 5635(c) and 5635(d), the issuance of Common Shares underlying pre-funded warrants and warrants sold in the Company's private placement transactions entered into by the Company with certain investors, pursuant to securities purchase agreements, dated on or about September 19, 2025 (the "September 2025 Private Placement"):

BrokerFor
Against
Abstentions
Non-Votes53,843
27,150
874
164,374Proposal 6: To approve, for purposes of complying with Nasdaq Listing Rule 5635(d), the issuance of Common Shares underlying the convertible note issued to DeFi Development Corp in the Company's September 2025 Private Placement:

BrokerFor
Against
Abstentions
Non-Votes53,843
27,076
897
164,374Proposal 7: To approve, for purposes of complying with Nasdaq Listing Rules 5635(c) and 5635(d), the issuance of Common Shares underlying the convertible note issued to Zero Gravity Labs Inc. in the Company's September 2025 Private Placement:

BrokerFor
Against
Abstentions
Non-Votes54,609
27,033
225
164,374Proposal 8: To give the Board the authority, at its discretion, to file Articles of Amendment to the Company's amended and restated Articles of Incorporation to effect a forward share split of the Company's outstanding Common Shares, at a ratio between 2:1 to 10:1, without reducing the authorized number of Common Shares, to be effected, if at all, in the sole discretion of the Board at any time within one year of the date of the Meeting without further approval or authorization of our shareholders:

For
Against
Abstentions
280,700
70,061
11,820
Proposal 9: To approve one or more adjournments or postponements of the Meeting by the Company from time to time to permit further solicitation of proxies, if necessary or appropriate, if sufficient votes are not represented at the Meeting to approve one or more of Proposals Nos. 1-8 at the time of such adjournment or postponement or if otherwise determined by the chairperson of the Meeting to be necessary or appropriate:

For
Against
Abstentions
280,588
80,155
1,838
Based on the foregoing votes, Proposals 1, 2, 3, 4, 5, 6, 7, 8 and 9 were approved. No other matters were considered or voted upon at the Meeting.

About Flora Growth Corp:

Flora Growth Corp., which is set to be rebranded as ZeroStack, is the first and largest decentralized AI treasury company that is investing in the future of AI infrastructure through the $0G token. The Company is a global pharmaceutical distributor through its wholly owned subsidiary Phatebo GmbH. For more information, visit https://zerostack.ai/

Cautionary Statement Concerning Forward-Looking Statements

This press release may contain "forward-looking statements," as defined by U.S. federal securities laws. Forward-looking statements reflect Flora's current expectations and projections about future events at the time, and thus involve uncertainty and risk. The words "believe," "expect," "anticipate," "will," "could," "would," "should," "may," "plan," "estimate," "intend," "predict," "potential," "continue," and the negatives of these words and other similar expressions generally identify forward-looking statements. Such forward-looking statements are subject to various and risks and uncertainties, including those described under section entitled "Risk Factors" in Flora's Annual Report on Form 10-K filed with the United States Securities and Exchange Commission (the "SEC") on March 24, 2025, as such factors may be updated from time to time in Flora's periodic filings with the SEC, which are accessible on the SEC's website at www.sec.gov/edgar. Accordingly, there are or will be important factors that could cause actual outcomes or results to differ materially from those indicated in these statements. These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included in this release and in Flora's filings with the SEC. While forward-looking statements reflect Flora's good faith beliefs, they are not guarantees of future performance. Flora disclaims any obligation to publicly update or revise any forward-looking statement to reflect changes in underlying assumptions or factors, new information, data or methods, future events or other changes after the date of this press release, except as required by applicable law. You should not place undue reliance on any forward-looking statements, which are based on information currently available to Flora (or to third parties making the forward-looking statements).

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/278726

Source: Flora Growth Corp.

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Delaware's Supreme Court reversed a lower court's decision to cancel the CEO's 2018 pay package.

December 19, 2025 16:35 ET

 | Source:

Total Return Securities Fund

NEW YORK, Dec. 19, 2025 (GLOBE NEWSWIRE) -- Total Return Securities Fund (f/k/a The Swiss Helvetia Fund, Inc.) (the “Fund”) (NYSE: SWZ) announced today that it is commencing a tender offer to purchase up to 4 million shares of common stock the Fund at a price of 98% of the Fund’s net asset value per share as of the close of the regular trading session of the New York Stock Exchange on the day following the “Expiration Date,” which is January 20, 2026 (unless extended). In accordance with the rules of the U.S. Securities and Exchange Commission (the “Commission”), the Fund may purchase additional shares not to exceed 2% of the Fund’s outstanding shares without amending or extending the tender offer.

The tender offer will expire at 5:00 p.m. Eastern Time, on the Expiration Date. The tender offer is being made only upon the terms and subject to the conditions set forth in the offer to purchase and related letter of transmittal, which will be sent to shareholders as soon as practicable. Shareholders that hold shares in street name and wish to accept the tender offer should contact their custodian to confirm when it requires notice (which may be prior to the Expiration Date).

This announcement is not a recommendation or an offer to purchase any securities of the Fund. The Fund has filed with the Commission a tender offer statement on Schedule TO and related exhibits under the Securities Exchange Act of 1934, as amended, relating to the tender offer. Shareholders should read the offer to purchase, letter of transmittal and other related documents carefully as they contain important information about the tender offer. Shareholders may obtain the offer to purchase, letter of transmittal and other related documents without charge from the Commission’s website at http://www.sec.gov, the Fund’s website (www.totalreturnsecuritiesfund.com) or the Fund’s information agent, InvestorCom, by calling toll free (877) 972-0090.

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

For more information, please call InvestorCom, the Fund’s information agent, at (877) 972-0090 between the hours of 9:00 a.m. and 5:00 p.m., Eastern time, Monday through Friday (except holidays).

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SummaryAsana, Inc. trades at a steep discount to SaaS peers, with a P/S ratio of 4.4x versus higher-growth competitors.ASAN's operational efficiency is improving, with non-GAAP gross margins near 90% and positive free cash flow of $65M TTM.AI-driven product initiatives, including AI Teammates and Smart Workflows, position ASAN to enhance stickiness and pricing power.If AI integration accelerates growth or retention, ASAN’s valuation could quickly re-rate upward, despite competitive risks. Jutharat Pinpan/iStock via Getty Images

Overview Asana, Inc. (ASAN) became a market darling during the remote-work boom in 2021, as shares surged to euphoric highs as a result of strong revenue growth and premium valuations for Service-as-a-Software (SaaS) companies. However, since then shares

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