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STAMFORD, Conn.--(BUSINESS WIRE)--June 16, 2026-- ITT Inc. (NYSE: ITT) today announced the signing of a definitive agreement to acquire the privately held Aerospace Contacts LLC (Aerospace Contacts), a leading manufacturer of highly engineered contact systems and interconnect components, for a purchase price of $31 million.

Aerospace Contacts is a leading specialist in the manufacture of critical, high-reliability precision contacts used in connectors for the aerospace and defense market and is a long-standing supplier of ITT Cannon in Connect & Control Technologies (CCT). The pending acquisition will strengthen both companies’ supply chain resilience while positioning ITT for further growth in this highly strategic market.

Founded in 1999, Aerospace Contacts employs approximately 140 highly technical professionals from their manufacturing facility in Gilbert, Arizona.

“Aerospace Contacts reflects our ongoing commitment to executing strategic acquisitions that strengthen ITT’s businesses and overall portfolio,” said Luca Savi, ITT’s Chief Executive Officer and President. “We are pleased to welcome Aerospace Contacts to ITT. The company’s customer-focused operations, underpinned by quality and speed-to-market, will enhance our ability to support aerospace and defense customers in CCT.”

The acquisition is expected to close during the third quarter of 2026, subject to the satisfaction of customary closing conditions.

About ITT
ITT is a diversified leading manufacturer of highly engineered critical components and customized technology solutions for the transportation, industrial, nutrition and health and energy markets. The company operates through three value centers: Flow Technologies, Motion Technologies and Connect & Control Technologies. Building on its heritage of innovation, ITT partners with its customers to deliver enduring solutions to the key industries that underpin our modern way of life. ITT is headquartered in Stamford, Connecticut, with employees in more than 40 countries and sales in approximately 125 countries. For more information, visit www.itt.com.

ITT-O

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, /PRNewswire/ -- Kaskela Law is investigating the recently announced buyout of Global Business Travel Group, Inc. (NYSE: GBTG) ("GBTG") shareholders to determine whether the transaction as structured is fair and provides investors with a sufficient monetary premium for their GBTG shares.

Click here for additional information: https://kaskelalaw.com/case/global-business-travel-group/

On May 4, 2026, GBTG announced that it had agreed to go private at a price of $9.50 per share in cash. Upon completion of the transaction, GBTG's public shareholders will be cashed out of their investment position and the company's shares will no longer be publicly traded.

According to firm founder D. Seamus Kaskela, Esquire: "We are investigating this transaction to determine whether $9.50 per share provides GBTG investors with a sufficient premium for their shares, when at the time the transaction was announced at least one stock analyst was maintaining a price target for GBTG's shares of $12.00 per share – over 25% higher than the buyout price. We encourage investors who think the buyout price is too low to promptly contact our team to discuss their no-cost legal rights and options with respect to this buyout."

GBTG shareholders are encouraged to contact lead investigative attorney Adrienne Bell, Esquire for a free consultation and to discuss their legal rights and options at (484) 229 – 0750, by email at [email protected], or by filling out the firm's online form at:

https://kaskelalaw.com/case/global-business-travel-group/

ABOUT KASKELA LAW:

Kaskela Law LLC exclusively represents investors in securities fraud, corporate governance, and merger & acquisition litigation on a contingent basis (i.e., the firm's clients are never responsible for any out-of-pocket costs for legal representation). Since 2020, the firm has helped to recover over $500 million for investors. For additional information about Kaskela Law LLC, including the firm's recent notable recoveries for investors, please visit www.kaskelalaw.com.

KASKELA LAW LLC
D. Seamus Kaskela, Esq.
Adrienne Bell, Esq.
18 Campus Blvd., Suite 100
Newtown Square, PA 19073
(484) 229 - 0750
www.kaskelalaw.com

This communication may constitute attorney advertising in certain jurisdictions.

SOURCE Kaskela Law LLC

Huntington Ingalls Industries is indispensable to U.S. naval power, serving as the sole-source supplier of nuclear aircraft carriers and a key submarine partner. HII is undervalued due to recent CapEx for production capacity, but its $53B backlog and high barriers to entry provide long-term cash flow safety. The DCF base case shows limited upside, but relative valuation signals up to 152% potential, supporting a BUY rating despite conservative modeling.

LOUISVILLE, Ky.--(BUSINESS WIRE)--Humana and its health care services business, CenterWell, announce the inaugural Resident Physician Scholarship Program recipients. In partnership with the National Hispanic Medical Association, the scholarship is designed to support seven bilingual (English/Spanish) internal medicine and family medicine residents in Florida. The program provides each winner with $10,000 for educational and professional development, a structured mentorship program from NHMA and CenterWell physician leaders, and experiential learning at CenterWell senior primary care centers.

A Growing Need for Bilingual Physicians

Bilingual physicians are vital to improving access to care, cultivating trust in the medical profession, and enhancing health outcomes in historically under-resourced communities. This scholarship addresses those barriers directly and builds a more prepared, confident and culturally responsive physician workforce ready to lead in senior primary care.

“Investing in bilingual physicians is one of the most meaningful ways we can improve the health of the communities we serve,” said Yeny Andrade, MD, Associate Medical Director, CenterWell Senior Primary Care. “When patients are able to express themselves more openly and share details they might otherwise hold back, that allows us to truly understand not just their medical concerns, but their lives. That connection builds trust, leads to better decisions, and ultimately better outcomes.”

NHMA‑supported research shows patients without care providers who speak their language are more likely to:

Experience medical errors and adverse events Report lower satisfaction and trust Miss follow‑up appointments Have lower medication adherence According to the NHMA only about 9% of U.S. physicians identify as Hispanic/Latino, a figure it says has remained largely unchanged since the 1970s, despite Hispanics making up nearly 19% of the U.S. population.

"NHMA deeply appreciates Humana and CenterWell’s support in launching this pioneering scholarship program focused on developing the next generation of bilingual primary care physicians serving our communities,” said Luis Isea Mercado, MD, FACP, a member of the NHMA Board of Directors. “Supporting the Latino physician pipeline means investing not only in education but also in mentorship, leadership development and long-term community impact.”

“In Florida, nearly 30% of the population identifies as Hispanic or Latino, yet Latino physicians remain underrepresented within the primary care workforce,” Dr. Mercado continued. “Programs like this help bridge that gap by empowering resident physicians who are committed to culturally humble, community-centered care.”

Resident Physician Scholarship Program Award Recipients

Jazmin Gomez, MD – A Mexican American physician and Family Medicine resident in Winter Park, Florida, Dr. Gomez is committed to bridging language and cultural barriers to help patients feel understood, empowered, and involved in their healthcare decisions.

Janelle Lopez, MD – Raised in South Florida in a Cuban family, Dr. Lopez plans to practice as a primary care physician while also working as a hospitalist. She was elected by her peers as Chief Resident for her third year of post-graduate work.

Mario F. Jacome, DO – A Family Medicine resident in Southwest Florida with a passion for advancing health equity and culturally competent care, Dr. Jacome is focused on developing expertise in HIV prevention and primary care, LGBTQ+ health, nutrition, and chronic disease management.

Martin Lorenzo Molina, MD – A Family Medicine resident at the Florida State University/BayCare Family Medicine Residency Program in Winter Haven, Florida, Dr. Molina plans to pursue fellowship training in Sports Medicine while continuing to practice family medicine.

Paula Rocha, MD – A Family Medicine resident in Miami, FL, Dr. Rocha is completing medical residency at the University of Miami/Jackson Health System. She professionally speaks Portuguese, English, and Spanish. Her focus is on providing high-quality care to older adults in diverse populations.

Rachel Kim, MD – During residency, Dr. Kim has demonstrated her strong commitment to providing holistic patient focused and individualized care across all age groups. She is passionate about providing culturally competent care to underserved urban communities.

Yasmin Garcia, MD – A Family Medicine resident at the Florida State University/Lee Health Family Medicine Residency Program, a recent initiative of Dr. Garcia’s focused on chronic disease management and preventative care, including a remote patient monitoring project for uncontrolled hypertension.

Awardee Benefits and Candidate Eligibility

Scholarship recipients receive financial support to advance their coursework, obtain certifications, attend conferences, or prepare for exams. In addition, they participate in a monthly mentorship program focused on career planning, leadership development, and residency or fellowship guidance. The program also includes a clinical introduction to integrated primary and geriatric care models. Finally, recipients take part in a virtual leadership learning series while benefiting from increased professional visibility.

Eligible applicants include post-graduate year 2 and post-graduate year 3 residents in Internal Medicine or Family Medicine, as well as residents transitioning into a Geriatrics fellowship. Candidates must be training in Florida and be bilingual in English and Spanish, with a demonstrated commitment to serving diverse and underserved communities.

About Humana

Humana (NYSE:HUM) is a leading U.S. healthcare company. Through our Humana insurance services and our CenterWell healthcare services, we make it easier for the millions of people we serve to achieve their best health – delivering the care and service they need, when they need it. These efforts are leading to a better quality of life for people with Medicare and Medicaid, families, individuals, military service personnel, and communities at large. Learn more about what we offer at Humana.com and at CenterWell.com.

About NHMA

The National Hispanic Medical Association (NHMA) is a non-profit organization representing the interests of over 50,000 licensed Hispanic physicians in the United States. NHMA aims to improve the health of Hispanic and other underserved populations through advocacy, research, and education. By addressing the unique healthcare challenges faced by these communities, NHMA strives to achieve health equity for all.

More News From Humana Inc.

We can't say the energy sector has been boring lately. It's been in the news often, and that's thanks to headlines both positive (the revival of the nuclear industry, for one) and negative (conflict in the Middle East).

On balance, though, many of its companies are doing quite well these days, thank you very much. In fact, several actually pay investors to own them in the form of dividends. Here are two such stocks: NextEra Energy (NEE +0.13%) and Enterprise Products Partners (EPD 0.14%).

Image source: Getty Images.

1. NextEra Energy It's a good bet that the average American isn't aware of NextEra Energy, but they should be. The Florida-based company is on the way to becoming the largest electricity producer in the U.S., and one of the mightiest in the world. In May, it announced a splashy deal valued at $67 billion to acquire a peer, fellow industry incumbent Dominion Energy.

To be sure, this buyout won't close anytime soon. The utility industry is heavily regulated, as it directly affects a great many consumers and businesses, so the many approvals required to get the deal closed will take some time.

Nevertheless, when it does finally reach the finish line, it'll turn NextEra into the electricity company on the U.S. East Coast active in both traditional power generation and renewables. It also has a thriving business with large-scale battery storage, which is quite the up-and-coming segment in the market.

In terms of total operating capacity, NextEra's blend of traditional and green power generation leans heavily toward the latter, at around 63%. That makes for a good mix of a foundational, strongly regulated, but dependable business, and a commanding presence in the forms of generation that are only going to become more popular.

It also helps NextEra grow more sharply than many of its sector rivals. Over the past three years, annual revenue has climbed from $22.8 billion to $26.5 billion, which is impressive given how hard it can be to post meaningful growth in this industry. Profitability is a little more up and down but still robust, ranging from $6.8 billion to more than $7.3 billion over that stretch.

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Although the capital expenditures needed to sustain and expand this business are considerable, NextEra's core operations generate significant operating cash flow. That, in turn, leaves plenty of room not only for the company's relatively high-yield dividend at 2.9%, but also for frequent increases to the same. In fact, the company's got a raise streak of 32 consecutive years.

Recent softness in NextEra's stock price indicates some investor worry that the payout might be under threat because of the monster price of the Dominion deal. To me, it's clear that management is well aware of the payout's appeal, and therefore will find a way to keep yield high and that raise streak alive.

2. Enterprise Products Partners Although Enterprise is also a large and prominent member of the energy sector, it's quite a different animal from NextEra. Instead of producing power, it is a "midstream" company, i.e., it specializes in the transportation of materials such as crude oil and the products refined from it, natural gas, and natural gas liquids.

It also isn't structured the same way. Rather than operating as a traditional company that's owned by shareholders, it is a master limited partnership (MLP). The main advantage is that MLPs typically pay much of their distributable cash flow (DCF) -- operating cash flow minus maintenance capital expenditures -- in the form of dividends (or "distributions," in MLP-speak).

That's why MLPs typically boast rather high-yield dividends. Enterprise's yield these days approaches 6%; in fact, it hasn't dipped below 5% in more than a decade.

In our current period of energy price volatility, Enterprise and other pipeline companies look particularly attractive, as their business model doesn't depend on how much such commodities cost. They charge by volume and, since it's always wise for oil companies and the like to secure long-term partners in the transport field, usually operate under long-term contracts.

This shakes out into a steady, largely predictable business with clients that have committed for years and have the capital to pay for the services. That's why "operational" DCF (i.e., headline DCF adjusted for asset sales and other one-offs) has been so high, even growing, for years -- $7.9 billion last year, trailed by just under that figure in 2024, and $7.5 billion for 2023.

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In its first quarter of this year, Enterprise's operational DCF was over $2.1 billion. That provided plenty of cash to fund the generous dividend; in fact, it was nearly double the amount needed for the total payout to all of the MLP's unit holders.

Like NextEra, Enterprise is well positioned to capitalize on the dramatically higher energy input needs of data center buildouts for artificial intelligence (AI) technology. That's because the company can readily supply natural gas through that extensive pipeline network, a readily available and extremely reliable solution for the operators of such facilities.

It isn't easy to find a business with this kind of growth potential that also pays a high-yield dividend with plenty of room to grow. Enterprise is well worth a look for any income investor looking to earn some reliable passive income.

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Here are three stocks with buy rank and strong momentum characteristics for investors to consider today, June 16:

ArcBest Corporation (ARCB - Free Report) : This logistics company has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 23.8% over the last 60 days.

ArcBest's shares gained 91.1% over the last three months compared with the S&P 500’s decline of 10.8%. The company possesses a Momentum Score of A.

Everus Construction Group, Inc. (ECG - Free Report) : This contracting services company has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 5.5% over the last 60 days.

Everus Construction Group’s shares gained 34.3% over the last three months compared with the S&P 500’s decline of 10.8%. The company possesses a Momentum Score of A.

G-III Apparel Group, Ltd. (GIII - Free Report) : This apparel company has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 5.7% over the last 60 days.

G-III Apparel’s shares gained 34.9% over the last three months compared with the S&P 500’s decline of 10.8%. The company possesses a Momentum Score of B.

See the full list of top ranked stocks here

Learn more about the Momentum score and how it is calculated here.

CRH (NYSE: CRH), the leading provider of building materials, today announced the election of Mr. Tony Will, 60, to the CRH Board of Directors, effective July 1, 2026.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260616955234/en/

CRH elects W. Anthony (Tony) Will to its Board of Directors

“We are delighted to welcome Tony to our Board of Directors,” said Richie Boucher, CRH Chairman. “Tony brings extensive leadership experience, a strong track record of strategic execution and deep expertise in operational discipline. His experience leading a large-scale industrial business and driving growth in attractive higher-value markets will be highly relevant as CRH continues to advance its strategy, capitalizing on the powerful demand trends critical to modern infrastructure and delivering long-term value for our shareholders.”

Mr. Will served as president, CEO and board member of CF Industries Holdings, Inc. (NYSE: CF), a global manufacturer of hydrogen and nitrogen products, from 2014 until his retirement in 2026. He joined CF Industries in 2007, holding various leadership roles in corporate development, manufacturing and distribution. Prior to joining CF Industries, Will was a partner at Accenture LLP, a global management consulting, technology services and outsourcing company. He previously held positions at Sears, Roebuck and Company, Fort James Corporation, Boston Consulting Group and Motorola.

Mr. Will is currently a Director of Union Pacific Corporation (NYSE: UNP) and was formerly a Director of Olin Corporation (NYSE: OLN), concluding his board term at the 2026 annual shareholder meeting. He has a bachelor’s degree in electrical engineering from Iowa State University and an MBA from the Kellogg School of Management at Northwestern University.

“I am honored to join the Board of Directors of CRH,” said Tony Will. “CRH has a strong market position and clear strategy, and I look forward to working with the board and management to support long-term value creation and sustainable growth.”

About CRH

CRH is the leading provider of building materials critical to modernizing infrastructure. With our team of 83,000 people across 4,000 locations, our unmatched scale, connected portfolio, and deep local relationships make us the partner of choice for transportation, water, and reindustrialization projects, shaping communities for a better tomorrow. CRH (NYSE: CRH) is a member of the S&P 500 Index. For more information, visit www.crh.com.

Forward-Looking Statements

Some statements in this press release may constitute forward-looking statements, including with respect to advancement of strategy, operational discipline and long-term value creation and CRH’s future growth prospects. These forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially from those indicated in the forward-looking statements, including the risks and uncertainties described under “Risk Factors” in Part 1, Item 1A of CRH’s Annual Report on Form 10-K for the fiscal year ended December 31, 2025 as filed with the SEC and in CRH's other filings with the SEC.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260616955234/en/

Key Takeaways Ryder trades at a discount forward P/S ratio compared to its industry average, signaling a cheap valuation. Ryder benefits from cost-cutting initiatives and upbeat used vehicle sales. For 2026, Ryder expects adjusted EPS of $14.05 - $14.80 (prior view: $13.45-$14.45). Ryder System, Inc. (R - Free Report)  looks cheap from a valuation standpoint. Considering the forward 12-month price-to-sales ratio (P/S-F12M), Ryder is trading at a discount compared to the industry.

The stock has a forward 12-month P/S-F12M of 0.79X compared with 2.35X for the industry over the past five years. These factors indicate that the stock’s valuation is attractive. Ryder has a Value Score of A.

Ryder P/S Ratio (Forward 12 Months) Vs. Industry Image Source: Zacks Investment Research

Now, the question is whether it is worth buying, holding, or selling the Ryder stock at current prices. Let us delve deeper to find out.

Tailwinds Working in Favor of Ryder StockRyder is being well-served by its focus on contractual growth and operational discipline. Upbeat used vehicle sales, particularly in its fleet management segment, along with stable pricing and improved contractual sales activity, bode well.

Ryder has been making uninterrupted dividend payments for more than 48 years. Ryder’s bottom line has been benefiting from its consistent efforts to reward its shareholders through dividends and share buybacks. During 2022, Ryder paid dividends of $123 million and repurchased shares worth $557 million. In 2023, Ryder paid dividends of $128 million and repurchased shares worth $337 million. In 2024, Ryder returned $456 million in cash to shareholders through share repurchases and dividends. During 2025, Ryder returned $664 million to shareholders through share repurchases and dividend payments. During first-quarter 2026, Ryder returned $272 million to shareholders in the form of share repurchases and dividends.

Such shareholder-friendly moves indicate the company’s commitment to creating value for shareholders and underline its confidence in its business. Dividend-paying stocks provide a solid income stream and have fewer chances of experiencing wild price swings. Dividend stocks, like Ryder, are safe bets for creating wealth, as the payouts generally act as a hedge against economic uncertainty like the current scenario.

Ryder's cost-cutting initiatives in response to the weak freight market conditions are also commendable. Higher free cash flow generation expectation (this reflects lower capital spending due to softer lease sales activity) for the full year is another added positive. Ryder generated $2.59 billion of cash from operating activities in 2025, higher than the $2.26 billion generated in 2024. For 2026, adjusted ROE (return on equity) is expected to be 17-18%. Net cash from operating activities is still projected to be $2.7 billion.

Ryder Stock’s Price PerformanceShares of Ryder have gained 43.5% over the past three months, outperforming the Zacks  Transportation - Equipment and Leasing industry’s 9.7% increase, as well as that of other industry players, The Greenbrier Companies, Inc. (GBX - Free Report) and Wabtec Corporation (WAB - Free Report) .

Ryder Stock’s Three-Month Price Comparison
Image Source: Zacks Investment Research

What Do Earnings Estimates Say for Ryder?The positive sentiment surrounding Ryder stock is evident from the fact that the Zacks Consensus Estimate for the second quarter of 2026 and third quarter of 2026 earnings has been revised upward in the past 60 days. The consensus mark for 2026 and 2027 earnings has also been projected northward in the past 60 days.

The favorable estimate revisions indicate brokers’ confidence in the stock.

Image Source: Zacks Investment Research

Time to Buy Ryder StockApart from being attractively valued, Ryder stock is being well-served by its focus on contractual growth and operational discipline. An increase in used vehicle sales, particularly in its fleet management segment, along with stable pricing and improved contractual sales activity, bodes well. Initiatives to reward its shareholders through dividends and buybacks are praiseworthy as well.

We believe that the positives surrounding the stock (as highlighted throughout the write-up) outweigh the concerns regarding supply-chain disruptions and high fuel costs due to the ongoing conflict in the Middle East, tariff-induced economic uncertainties, risks associated with an economic slowdown, geopolitical tensions and a leveraged balance sheet. We, therefore, suggest investors add Ryder stock to their portfolios for healthy returns. The company’s Zacks Rank #2 (Buy) further supports our thesis. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Issued on behalf of VisionWave Holdings, Inc.

With the Pentagon proposing its largest-ever single-year investment in drones and counter-UAS, the race is on to build the artificial intelligence that can fuse sensors, coordinate machines, and keep humans in command.

WEST HOLLYWOOD, Calif., June 16, 2026 (GLOBE NEWSWIRE) -- Equity Insider News Commentary — The character of modern conflict is being rewritten in real time, unmanned systems are playing an increasing role. Battlefields from Eastern Europe to the Middle East have shown that a swarm of inexpensive unmanned systems can threaten platforms costing thousands of times more, collapsing decades of defense doctrine built around expensive, exquisite hardware. The Pentagon has responded with significant increase in funding for autonomous systems — its fiscal 2027 budget proposes more than $70 billion for military drones and counter-UAS systems, and global counter-drone contract awards surpassed $29 billion in the first quarter of 2026 alone. But amid the rush to build more drones and more counter-drone weapons, a harder problem looms: who, or what, coordinates all of it?

Companies mentioned: VisionWave Holdings, Inc. (Nasdaq: VWAV), Palantir Technologies Inc. (Nasdaq: PLTR), Kratos Defense & Security Solutions, Inc. (Nasdaq: KTOS), AeroVironment, Inc. (Nasdaq: AVAV), Red Cat Holdings, Inc. (Nasdaq: RCAT)

That coordination problem — fusing data from countless sensors and machines, reasoning across it fast enough to matter, and doing so without surrendering human authority — an area of focus for VisionWave Holdings, Inc. (Nasdaq: VWAV) is trying to plant a flag. On June 15, 2026, the West Hollywood-based defense and advanced-sensing technology company announced it had filed a U.S. provisional patent application covering SDNN™, or Symbiotic Deep Neural Network, a proprietary AI architecture designed to act as a central reasoning and coordination layer for networks of distributed intelligent systems across defense, security, counter-UAS, robotics, and civil-infrastructure domains.

What VisionWave Filed — and Why It's Ambitious

The provisional application, filed June 4, 2026 (USPTO Application No. 64/082,410), includes a 455-page specification with 23 engineering drawings. Alongside it, VisionWave filed a U.S. trademark application for the SDNN™ name. At the center of the architecture is a core layer the company has internally code-named “Mother” — intended to serve as a unified reasoning and coordination component for fleets of distributed machines.

The concept SDNN™ describes is a closed intelligence loop — Intent, Reason, Task, Execute, Feedback, Adapt, Repeat — stitched together from several proprietary components. These include multi-source data fusion that blends RF, radar, electro-optical/infrared, thermal, and software-agent feeds into a single continuously updated picture; a reasoning-acceleration engine the company calls qSpeed™, designed to prioritize the most mission-critical computations first; a “trust quarantine” framework for scoring the reliability of networked nodes and detecting anomalies or compromised inputs; a hardware root of trust called The Cube™ that uses biometric authentication and tamper detection to physically activate and secure the system; and degraded-mode resilience meant to keep the network operating when nodes are lost or communications are jammed. Threaded through all of it is a “human-in-command” governance model — policy-enforced approval workflows intended to preserve human authority over consequential actions while still allowing autonomous execution within pre-approved bounds.

“The goal of SDNN™ is to rethink how AI can coordinate distributed intelligent systems,” said Danny Rittman, the architecture's inventor and chief technology architect, describing the goal as a unified intelligence layer that can “fuse information, reason across an operational picture, coordinate networked nodes, and learn from each mission cycle, while preserving human authority over consequential decisions.” Executive Chairman and CEO Douglas Davis framed the filing as “an important milestone in VisionWave's intellectual property strategy and our vision for AI-driven defense and autonomous systems.” The company outlined six target use-case categories, from counter-UAS and missile-detection decision support to multi-robot industrial coordination, smart-city operations, and even autonomous spacecraft management.

Background on Recent Strategic Transactions

The SDNN™ filing does not stand alone; it relates to the Company’s ongoing technology development efforts. The company describes itself as building a multi-domain intelligence stack spanning autonomous systems, RF-based sensing, AI infrastructure, visual perception, and computational acceleration. In April 2026, it acquired the xClibre™ AI video-intelligence IP portfolio, independently valued at approximately $60 million by BDO. And in a move, it has been pursuing a controlling interest in Foresight Autonomous Holdings Ltd., an Israeli innovator in 3D perception and stereo/thermal vision systems.

On June 9, 2026, VisionWave announced it had executed a definitive agreement to acquire up to roughly 52% of Foresight in exchange for $17.5 million in VisionWave common stock, with the stated goal of establishing Foresight as a core operating platform for its RF-focused perception systems and defense initiatives. Taken together, the moves are part of the Company’s efforts to combine RF detection, computer vision, and AI video analytics under a single autonomous command-and-control layer — the very layer SDNN™ is intended to support. It is an ambitious assembly for a small-cap company, and one that depends heavily on successful integration of recently acquired technologies and on access to substantial additional capital.

The Companies VisionWave Is Measured Against

VisionWave is staking out territory at the intersection of AI decision-software, autonomous systems, and counter-UAS — a space crowded with far larger and better-capitalized players. Looking at a few helps frame both the size of the opportunity and the formidable competition a small-cap newcomer faces.

Palantir Technologies Inc. (Nasdaq: PLTR) is the most direct conceptual comparison for the SDNN™ vision. Its Gotham and AIP platforms perform real-time intelligence fusion, targeting support, and — increasingly — coordination of autonomous platforms and drone swarms with limited human oversight, exactly the command-and-control role VisionWave is describing. Palantir, with quarterly revenue in the billions and a deep government backlog, illustrates how richly the market values battle-management AI — and just how established the incumbents are in the niche VisionWave hopes to enter.

Kratos Defense & Security Solutions, Inc. (Nasdaq: KTOS) represents the autonomous-systems hardware end of the trade. Best known for its XQ-58A Valkyrie — a jet-powered “loyal wingman” drone designed to fly alongside crewed fighters at a fraction of their cost — Kratos embodies the attritable, autonomous-platform doctrine reshaping defense procurement. It is a reminder that the autonomous machines SDNN™ aspires to coordinate are themselves a booming, capital-intensive business dominated by established contractors.

AeroVironment, Inc. (Nasdaq: AVAV) is among the clearest established winners of the unmanned-warfare shift, with a long track record in military UAS — including its Switchblade loitering munitions and Puma reconnaissance systems — and an expanding push into AI-enabled autonomy and swarming. With a multibillion-dollar market capitalization and deep government relationships, AeroVironment shows what a mature, field-proven autonomous-systems franchise looks like, and the scale of execution that separates it from an early-stage IP-stage company.

Red Cat Holdings, Inc. (Nasdaq: RCAT) maps most directly to VisionWave's counter-UAS use case, focusing on drones and counter-drone capabilities with growing AI integration. As a smaller, higher-volatility name riding the same counter-UAS spending wave, Red Cat is a useful barometer of investor appetite for emerging autonomous-defense players — and of the sharp swings that come with the territory. These companies are referenced to illustrate the sector and do not imply any partnership, endorsement, affiliation, or comparable financial performance; they are in most cases far larger, revenue-generating, and more established than VisionWave, which is an early-stage company that has not generated revenue from the SDNN™ architecture.

The companies referenced above (Palantir Technologies Inc., Kratos Defense & Security Solutions, Inc., AeroVironment, Inc., and Red Cat Holdings, Inc.) are significantly larger, more established entities with substantially greater resources, revenues, market capitalizations, and operating histories than VisionWave Holdings, Inc. Any comparison between these companies and VWAV is for general industry context only and may not be suitable or indicative of VWAV’s future performance, results of operations, or prospects. VWAV is a smaller reporting company at an earlier stage of development, and there can be no assurance that it will achieve similar results or growth rates.

The Macro Tailwind Is Real

What gives VisionWave's gambit its relevance is the sheer force of the trend behind it. The Pentagon's proposed fiscal 2027 budget earmarks more than $70 billion for drones and counter-UAS — described as the largest single-year investment in autonomous defense systems in U.S. history — and initiatives like the Drone Dominance program aim to field hundreds of thousands of low-cost systems. Regulatory moves banning foreign-made drones from the U.S. market have created a structural opening for domestic players. And the strategic logic driving it all — that AI-enabled, networked autonomy may play an important role in national defense — points at the kind of coordination layer SDNN™ is intended to address.

The Risks Are Equally Real

Investors should be clear-eyed about how early and how speculative this is. By VisionWave's own candid admission, the company is at an early stage of development with respect to SDNN™, has not generated revenue from the architecture, and there can be no assurance that it may never successfully develop or commercialize it. A provisional patent application is not an issued patent: it establishes a priority date but expires unless a non-provisional application is filed within twelve months, and even then the USPTO may reject or substantially narrow the claims. There is no assurance any patent will issue, that it will cover the architecture as intended, or that it would withstand challenge — and competitors could design around it or independently develop equivalent technology.

The commercial path is steeper still. Realizing any of the use cases will require research, integration, and validation work not yet completed; significant additional capital on acceptable terms, of which there is no assurance; successful integration with third-party hardware and networks; regulatory, export-control, and security approvals; and — critically — the winning of defense or commercial contracts through notoriously long procurement cycles. VisionWave is a small-cap company that has built much of its platform through rapid acquisitions, carrying integration risk on top of the formidable competition from the established names above. This is, in short, an early-stage IP and platform story in a field full of giants — high potential, but high risk.

A Story Worth Watching

VisionWave's SDNN™ filing is, at this stage, a statement of its technology development efforts backed by an extensive technical specification rather than a commercialized product — and the gap between those two things is where most of the risk lives.

CONTINUED … Learn more about VisionWave Holdings, Inc. at: https://equity-insider.com/vwav-landing

CONTACT:

Equity Insider
[email protected]
604-265-2873

SOURCES:

[1] VisionWave Holdings, Inc. — “VisionWave Holdings Files U.S. Patent Application for SDNN™ Symbiotic Deep Neural Network Architecture for Autonomous Defense and Intelligent Systems” (GlobeNewswire, June 15, 2026; primary source for the provisional filing, SDNN™ architecture, components, use cases, and management quotes):
https://www.globenewswire.com/news-release/2026/06/15/3311742/0/en/VisionWave-Holdings-Files-U-S-Patent-Application-for-SDNN-Symbiotic-Deep-Neural-Network-Architecture-for-Autonomous-Defense-and-Intelligent-Systems.html

[2] VisionWave Holdings, Inc. — “VisionWave Brings AI-based Sensing Capabilities for the Defense and Security Sector by Acquiring a Controlling Interest in Foresight Autonomous” (GlobeNewswire/PR Newswire, June 9, 2026; ~52% Foresight stake, $17.5M, STRATUM™ SENSE, xClibre™):
https://www.globenewswire.com/news-release/2026/06/09/3308768/0/en/VisionWave-Brings-AI-based-Sensing-Capabilities-for-the-Defense-and-Security-Sector-by-Acquiring-a-Controlling-Interest-in-Foresight-Autonomous.html

[3] VisionWave Holdings, Inc. — “VisionWave Announces Strategic Investment in Foresight Autonomous Holdings and Integration with xClibre™ AI Video Intelligence” (GlobeNewswire, April 21, 2026; xClibre™ ~$60M BDO valuation, platform architecture):
https://www.globenewswire.com/news-release/2026/04/21/3277869/0/en/VisionWave-Announces-Strategic-Investment-in-Foresight-Autonomous-Holdings-and-Integration-with-xClibre-AI-Video-Intelligence.html

[4] MarketScreener — “The Counter-Drone Arms Race Is Here…” (2026; Pentagon FY2027 ~$70B drone/counter-UAS budget, ~$29B Q1 2026 counter-drone awards; peer context PLTR, RCAT, AVAV)

[5] TradingKey / Parameter — defense-autonomy sector overviews (peer context: AeroVironment Switchblade/Puma, Kratos XQ-58A Valkyrie, Palantir Gotham/AIP, Red Cat counter-UAS)

DISCLAIMER:

This is a paid promotional advertisement. Nothing in this publication should be considered as personalized financial advice. We are not licensed under securities laws to address your particular financial situation. No communication by our employees to you should be deemed as personalized financial advice. Please consult a licensed financial advisor before making any investment decision. This is a digital media distribution and is neither an offer nor recommendation to buy or sell any security. We hold no investment licenses and are thus neither licensed nor qualified to provide investment advice. The content in this report or email is not provided to any individual with a view toward their individual circumstances.

Equity Insider is a wholly-owned subsidiary of Market IQ Media Group Limited, a company incorporated under the laws of Ireland (“MIQL”). This article is being distributed by Equity Insider on behalf of MIQL. MIQL has been paid a fee for VisionWave Holdings, Inc. advertising and digital media. This compensation constitutes a conflict of interest as to our ability to remain objective in our communication regarding the profiled company. Because of this conflict, individuals are strongly encouraged to not use this article or email as the basis for any investment decision. MIQL owns shares of VisionWave Holdings, Inc. that it acquired in the open market, and reserves the right to buy and sell shares of VisionWave Holdings, Inc. at any time without any further notice, which could have a negative effect on the price of the stock. There may be 3rd parties who may have shares of VisionWave Holdings, Inc., and may liquidate their shares which could have a negative effect on the price of the stock. We also expect further compensation as an ongoing digital media effort to increase visibility for the company; no further notice will be given.

While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained in our publication is not trustworthy unless verified by their own independent research. Comparisons to other companies referenced in this publication are for contextual and illustrative purposes only and do not imply any partnership, endorsement, affiliation, or comparable financial performance. Forward-looking statements regarding the SDNN™ architecture (internally code-named “Mother”), patent and trademark applications and their outcomes, technology development, integration, validation, and commercialization, the Foresight transaction, the securing of contracts, and market trends are subject to risks and uncertainties, and actual results may differ materially. The filing of a provisional patent application does not guarantee the issuance of a patent or any particular scope of claims. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between any predictions and actual results. Always consult a licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment.

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS

This publication contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and Section 21E of the Securities Exchange Act of 1934, as amended. Such forward-looking statements include, without limitation, statements regarding VisionWave Holdings, Inc.’s (the “Company”) filing of a U.S. provisional patent application and U.S. trademark application for the SDNN™ (Symbiotic Deep Neural Network) architecture (internally code-named “Mother”) and the components thereof; the anticipated capabilities, performance, use cases, and commercialization of the SDNN™ architecture; the prosecution, issuance, scope, and enforceability of any patent or trademark; the Company’s pending acquisition of a controlling interest in Foresight Autonomous Holdings Ltd. and the integration of the xClibre™ AI video-intelligence portfolio and other recently acquired technologies; the Company’s strategy, market position, and ability to secure defense or commercial contracts; and the size, growth, and direction of the markets in which the Company operates, including U.S. defense and counter-UAS spending.

These statements are based on the Company’s current expectations and assumptions and are subject to substantial risks and uncertainties that could cause actual results to differ materially from those described. Forward-looking statements are generally identified by words such as “believe,” “may,” “will,” “estimate,” “continue,” “anticipate,” “intend,” “expect,” “should,” “would,” “plan,” “project,” “forecast,” “predict,” “potential,” “target,” “seek,” or similar expressions, or by statements that events, trends, or results “may,” “will,” “could,” or “should” occur or be achieved.

Such forward-looking statements involve known and unknown risks, uncertainties, and other factors that may cause actual results, performance, or achievements to be materially different from any future results, performance, or achievements expressed or implied by the forward-looking statements. These risks and uncertainties include, but are not limited to: risks related to the development, integration, and testing of advanced autonomous systems, AI, RF sensing, and computer vision technologies; the timing and successful closing of pending or proposed acquisitions and investments, including the proposed acquisition of a controlling interest in Foresight Autonomous Holdings Ltd.; regulatory, export control, ITAR, and national security approval requirements; ability to secure government and defense contracts or program-of-record status; market acceptance and competition, including from larger and better-capitalized competitors; availability of sufficient capital and financing on acceptable terms; macroeconomic, geopolitical, and defense budget uncertainties; intellectual property prosecution, protection, and enforcement risks (including provisional patent applications, which establish only a priority date and may never mature into an issued patent of any particular scope); integration risks associated with recently acquired technologies and subsidiaries; delays or failures in achieving technical, development, or commercialization milestones; dependence on key personnel and strategic partners; and other risks detailed in the Company’s filings with the U.S. Securities and Exchange Commission, including its most recent Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, and Current Reports on Form 8-K.

All forward-looking statements speak only as of the date of this publication and are expressly qualified in their entirety by the cautionary statements contained herein and in the Company’s SEC filings. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as may be required by law. Investors and readers are strongly cautioned not to place undue reliance on these forward-looking statements.

NEW YORK, June 16, 2026 (GLOBE NEWSWIRE) -- Bronstein, Gewirtz & Grossman, LLC, a nationally recognized investor-rights law firm, announces that a class action lawsuit has been filed against AeroVironment, Inc. (NASDAQ: AVAV) and certain of its officers.

This lawsuit seeks to recover damages against Defendants for alleged violations of the federal securities laws on behalf of all persons and entities that purchased or otherwise acquired AeroVironment securities between June 25, 2025 and March 10, 2026, both dates inclusive (the “Class Period”). Such investors are encouraged to join this case by visiting the firm’s site: bgandg.com/AVAV.

AeroVironment Case Details

The Complaint alleges that, throughout the Class Period, Defendants made materially false and misleading statements regarding the Company’s business, operations, and prospects. Specifically, the Complaint alleges that Defendants made false and/or misleading statements and/or failed to disclose that:

AeroVironment understated the likelihood that it would imminently face competition from other vendors for the work it performed in connection with the SCAR program and the U.S. Space Force’s ongoing efforts to modernize the SCN; accordingly, Defendants overstated AeroVironment’s business and financial prospects; and as a result, Defendants’ public statements were materially false and misleading at all relevant times. What's Next for AeroVironment Investors?

A class action lawsuit has already been filed. If you wish to review a copy of the Complaint, you can visit the firm’s site: bgandg.com/AVAV. or you may contact Peretz Bronstein, Esq. or his Client Relations Manager, Nathan Miller, of Bronstein, Gewirtz & Grossman, LLC at 917-590-0911. If you suffered a loss in AeroVironment you have until July 27, 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 lead plaintiff.

No Cost to AeroVironment Investors

We, Bronstein, Gewirtz & Grossman LLC, represent investors in class actions on a contingency fee basis. That means we will ask the court to reimburse us for out-of-pocket expenses and attorneys’ fees, usually a percentage of the total recovery, only if we are successful.

Why Bronstein, Gewirtz & Grossman, LLC for AeroVironment Securities Class Action?

Bronstein, Gewirtz & Grossman, LLC is a nationally recognized firm that represents investors in securities fraud class actions and shareholder derivative suits. Our firm has recovered hundreds of millions of dollars for investors nationwide. More at www.bgandg.com

"Our practice centers on restoring investor capital and ensuring corporate accountability, which serves to uphold the essential integrity of the marketplace," said Peretz Bronstein, Founding Partner of Bronstein, Gewirtz & Grossman, LLC.

Follow us for updates on LinkedIn, X, Facebook, or Instagram.

Contact Info

Peretz Bronstein, Esq. or Nathan Miller
Bronstein, Gewirtz & Grossman, LLC
917-590-0911 | [email protected]

Attorney advertising.
Prior results do not guarantee similar outcomes.

New York, New York--(Newsfile Corp. - June 16, 2026) - WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of AeroVironment, Inc. (NASDAQ: AVAV) between June 25, 2025 and March 10, 2026, inclusive (the "Class Period"), of the important July 27, 2026 lead plaintiff deadline.

SO WHAT: If you purchased AeroVironment securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the AeroVironment class action, go to https://rosenlegal.com/cases/aerovironment-inc/join or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than July 27, 2026. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved, at that time, the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.

DETAILS OF THE CASE: According to the lawsuit, throughout the Class Period, defendants made false and/or misleading statements and/or failed to disclose that: (1) AeroVironment understated the likelihood that it would imminently face competition from other vendors for the work it performed in connection with the U.S. Space Force's Satellite Communication Augmentation Resources ("SCAR") program and the U.S. Space Force's ongoing efforts to modernize the Satellite Control Network ("SCN"); (2) accordingly, defendants overstated AeroVironment's business and financial prospects; and (3) as a result, defendants' public statements were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the AeroVironment class action, go to https://rosenlegal.com/cases/aerovironment-inc/join or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

Attorney Advertising. Prior results do not guarantee a similar outcome.

-------------------------------

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/301741

Source: The Rosen Law Firm PA

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OMAHA, Neb.--(BUSINESS WIRE)--Valmont® Industries, Inc. (NYSE: VMI), a global leader that provides products and solutions to support vital infrastructure and advance agricultural productivity, today will host its 2026 Investor Day in New York City.

Avner M. Applbaum, President and Chief Executive Officer, and John Schwietz, Executive Vice President and Chief Financial Officer, will be joined by additional members of the Company’s leadership team to provide an in-depth review of the company and present a refreshed strategy with updated long-term financial targets.

Mr. Applbaum commented, “It’s an exciting time to be with Valmont, and our Investor Day will demonstrate how we are positioned to deliver our next phase of profitable growth and shareholder value creation. As we celebrate our 80th anniversary as a company, we’re introducing a three-pillar strategy: to Capture above-market growth in Utility, to Strengthen efficiency and performance across the portfolio, and to Enable the business with disciplined capital and resource deployment. Today, our experienced business leaders will discuss the specific opportunities and value drivers translating to profitable growth, margin expansion and a clear path to deliver $35 Earnings per Share (EPS) by the end of 2029.”

In conjunction with today's event, Valmont is introducing new long-term financial targets:

2029E Financial Outlook

Net Sales (organic) of $5.4B Operating Margin of 17% EPS of $35 Return on Invested Capital (ROIC) of >21% Event Webcast Details

A live webcast of the presentations, including two question and answer sessions, will begin at 8:30 a.m. Eastern Time and will be approximately a half-day event. As previously announced, the live webcast will be available at the start of the event. Virtual registration can be accessed here: Registration | Valmont 2026 Investor Day. Presentation materials are available on the Company’s Investor Relations website at investors.valmont.com and a replay of the webcast will be accessible after the conclusion of the event.

About Valmont Industries, Inc.

For more than 80 years, Valmont has been a global leader that provides products and solutions to support vital infrastructure and advance agricultural productivity. We are committed to customer-focused innovation that delivers lasting value. Learn more about how we’re Conserving Resources. Improving Life.® at valmont.com.

Concerning Forward-Looking Statements

This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on assumptions made by management, considering its experience in the industries where Valmont operates, perceptions of historical trends, current conditions, expected future developments, and other relevant factors. It is important to note that these statements are not guarantees of future performance or results. They involve risks, uncertainties (some of which are beyond Valmont’s control), and assumptions. Forward-looking statements may be accompanied by words such as “opportunities,” “estimate,” “outlook,” “clear path,” “target,” “expect,” “plan” and similar expressions. While management believes these forward-looking statements are based on reasonable assumptions as of the date made, numerous factors could cause actual results to differ materially from those anticipated. These factors include, among other things, risks described in Valmont’s reports to the Securities and Exchange Commission (“SEC”), the Company’s actual cash flows and net income, future economic and market circumstances, industry conditions, company performance and financial results, operational efficiencies, availability and price of raw materials, availability and market acceptance of new products, product pricing, domestic and international competitive environments, geopolitical risks, and actions and policy changes by domestic and foreign governments, including tariffs. The Company cautions that any forward-looking statements in this release are made as of its publication date and does not undertake to update these statements, except as required by law.

The Company may provide certain non-GAAP financial measures (adjusted diluted earnings per share and adjusted effective tax rate) on a forward-looking basis from time to time. These measures are typically calculated by excluding the impact of items such as foreign exchange, acquisitions, divestitures, realignment or restructuring expenses, goodwill or intangible asset impairment, changes in tax laws or rates, change in redemption value of redeemable noncontrolling interests, and other non-recurring items. To the extent the Company provide forward-looking non-GAAP financial measures, reconciliations to the most directly comparable GAAP financial measures are not provided, as the Company cannot do so without unreasonable effort due to the inherent uncertainty and difficulty in predicting the timing and financial impact of such items. For the same reasons, the Company cannot assess the likely significance of unavailable information, which could be material to future results.

Website and Social Media Disclosure

The Company uses its website and social media channels, as identified on its website, to distribute company information. Posts on these channels may contain material information. Therefore, investors should monitor these channels alongside the Company’s press releases, SEC filings, and public conference calls and webcasts. The contents of the Company’s website and social media channels are not considered part of this press release.

More News From Valmont Industries, Inc.

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Valmont Industries, Inc. (VMI) Analyst/Investor Day Transcript

, /PRNewswire/ -- Resideo Technologies, Inc. (NYSE: REZI) ("Resideo") today announced that, in connection with the previously announced spin-off (the "Spin-Off") of its ADI Global Distribution business, ADI Escrow Issuer LLC (the "Escrow Issuer"), a wholly-owned subsidiary of ADI Global Distribution Inc. ("ADI"), has priced an offering of $400 million aggregate principal amount of senior notes due 2034 (the "Notes"). The Notes will be issued at par, bear interest at a rate of 7.125% per annum and mature on July 15, 2034. The Notes offering is expected to close on or about June 30, 2026, subject to customary closing conditions. In connection with the consummation of the Spin-Off, the Notes will be assumed by ADI Global Distribution Funding LLC (the "Issuer"), a wholly-owned subsidiary of ADI, and guaranteed by ADI and each of ADI's subsidiaries that also guarantees the Senior Secured Credit Facilities (as defined below).

In addition, in connection with the Spin-Off, which is expected to be completed within the previously announced range of mid-Q3'26 to mid-Q4'26, syndication has been completed with respect to a $600 million senior secured term B loan facility (the "Term Facility") and a $500 million senior secured revolving credit facility (the "Revolving Facility" and, together with the Term Facility, the "Senior Secured Credit Facilities") of ADI. Borrowings under the Senior Secured Credit Facilities are expected to be subject to customary conditions and a condition that the Spin-Off has occurred prior to or will occur on the same date as such borrowing.

ADI intends to use a portion of the gross proceeds of the Notes, together with borrowings under the Term Facility, to make a distribution to Resideo in connection with the Spin-Off and to pay fees, costs and expenses in connection with the Senior Secured Credit Facilities and the Notes offering. ADI intends to use the remaining proceeds, if any, for general corporate purposes. ADI expects the Revolving Facility to be undrawn upon completion of the Spin-Off.

The proceeds from the Notes offering will be held in escrow until satisfaction of certain conditions precedent, including that the Spin-Off will occur on the same date as the release and certain other escrow release conditions. If such conditions are not met by December 31, 2026, the Notes will be redeemed at 100% of the issue price, plus accrued interest.

Prior to escrow release, the Notes will be senior obligations of the Escrow Issuer, will not be guaranteed and will be secured by the funds held in escrow. From and after the escrow release, the Notes will be senior unsecured obligations of the Issuer and guaranteed on an unsecured senior basis by ADI and each of ADI's existing and future domestic subsidiaries that guarantees the new Senior Secured Credit Facilities, subject to customary exceptions.

The Notes and related guarantees have not been, and will not be, registered under the Securities Act of 1933, as amended (the "Securities Act"), or any state securities laws and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons (as defined in Regulation S under the Securities Act) except in transactions exempt from, or not subject to, the registration requirements of the Securities Act. Accordingly, the Notes and related guarantees are being offered and sold only to persons reasonably believed to be qualified institutional buyers in accordance with Rule 144A under the Securities Act and outside the United States to non-U.S. persons in reliance on Regulation S under the Securities Act.

This press release does not constitute an offer to sell or the solicitation of an offer to buy the Notes or any other security, nor shall it constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale is unlawful. Any offers of the Notes or related guarantees will be made only by means of a private offering memorandum.

About Resideo

Resideo is a leading global manufacturer, developer, and distributor of technology-driven sensing and controls products and solutions for residential and commercial end-markets. We are a leader in the home heating, ventilation, and air conditioning controls markets, smoke and carbon monoxide detection home safety and fire suppression products markets, and security products markets. Our solutions and services can be found in over 150 million residential and commercial spaces globally, with tens of millions of new devices sold annually.

About ADI

ADI is a global specialty distributor of professionally installed low-voltage products serving commercial and residential markets through an omnichannel go-to-market platform. Within North America, ADI is the market-leading distributor in the professionally installed security, fire/life safety and audio-visual product categories. We offer over 500,000 products from more than 1,000 suppliers across key specialty low-voltage categories with strong proximity to our customers with a large network of store locations.

Forward-Looking Statements

This press release contains forward-looking statements, including, but not limited to, those regarding the anticipated separation of Resideo's Products & Solutions and ADI Global Distribution businesses into two independent publicly traded companies, the expected timing of the Notes offering and borrowing of the Senior Secured Credit Facilities and the related terms thereof and other future events or developments. Forward-looking statements are typically identified by such words as "anticipate," "believe," "could," "estimate," "expect," "intend," "may," "plan," "project," "should," "will," and similar expressions, although not all forward-looking statements contain these words. These statements are based on current expectations and assumptions and are subject to risks and uncertainties that could cause actual results to differ materially from those projected. Among the factors that could cause actual results to differ materially from those expressed or implied in any forward-looking statements are the possibility that the conditions to the Spin-Off may not be obtained or satisfied within the expected timeframe or at all; that the Spin-Off may not be completed on the anticipated terms or timing or may not occur at all; that the Spin-Off may not achieve the intended strategic, operational, or financial benefits for Resideo, ADI, their respective businesses, or shareholders; that Resideo or ADI may experience operational or other disruptions as a result of the separation, including those relating to information technology systems, business processes, internal controls, customer and vendor relationships, and workforce alignment. Each separated company's ability to succeed as an independent enterprise will depend on numerous factors, including the execution of their respective strategies and plans, access to capital markets, the competitive landscape, and general business and economic conditions. Other risks and uncertainties include, but are not limited to the risks described under the headings "Risk Factors" and "Cautionary Statement Concerning Forward-Looking Statements" in Resideo's Annual Report on Form 10-K for the year ended December 31, 2025 and other periodic reports, as well as risks described under the heading "Risk Factors" and "Cautionary Statement Concerning Forward-Looking Statements" in the Form 10 filed by ADI Global Distribution Inc. with the SEC.

All statements, other than statements of fact, that address activities, events or developments that we or our management intend, expect, project, believe or anticipate will or may occur in the future are forward-looking statements. Although we believe forward-looking statements are based upon reasonable assumptions, such statements involve known and unknown risks and uncertainties, which may cause the actual results or performance of Resideo or ADI to differ materially from such forward-looking statements. Forward-looking statements are not guarantees of future performance, and actual results, developments, and business decisions may differ from those envisaged by our forward-looking statements. Except as required by law, we undertake no obligation to update such statements to reflect events or circumstances arising after the date of this press release and we caution investors not to place undue reliance on any such forward-looking statements.

Contacts:

Investors:
Christopher T. Lee
Global Head of Strategic Finance
[email protected]

Media:
Garrett Terry
Corporate Communications Manager
[email protected]

or

Dan Moore, Tali Epstein
Collected Strategies
[email protected]

SOURCE Resideo Technologies, Inc.

Latest Experis Tech Talent Outlook reveals a shifting market; overall hiring plans soften by seven points quarter-over-quarter, but demand for AI literacy and communication skills anchors Q3 priorities.

, /PRNewswire/ -- As global tech hiring cools from a strong second quarter, employers remain focused on the skills that matter most: AI capabilities and the human expertise to deploy them effectively. More than 4,000 Tech & IT Services employers across 42 countries report a global Net Employment Outlook (NEO) of 35% for Q3 2026 (July–September), according to the latest Tech Talent Outlook from Experis, part of the ManpowerGroup family of brands.

While hiring plans remain positive, the result represents a seven-point cooling from the previous quarter and a one-point dip year-over-year, signaling a shift toward more deliberate, skills-focused team expansion. Fifty percent of employers plan to add staff in Q3, while 33% plan to maintain current levels. Globally, Puerto Rico (68%), Brazil (53%), and the United Kingdom (51%) post the strongest Outlooks. In the United States, the Q3 tech-sector NEO stands at 47%, above the global average and reflecting continued confidence in tech hiring among U.S. employers.

"The Q3 data reflects a tech labor market that is being deliberate, not retreating, with global hiring intentions virtually unchanged from a year ago," said Kye Mitchell, President of Experis U.S. "Talent has become the limiting factor in technology transformation. The organizations that will win in the AI era are not necessarily the ones investing the most in technology; they will be the ones that build, buy, and develop talent faster than their competitors. In the U.S. and globally, the biggest challenge is no longer the technology itself. It's helping people and processes evolve alongside it."

Key Global Findings

Hiring Picture: 50% of the more than 4,000 tech employers surveyed across 42 countries plan to add staff in Q3, while 15% anticipate a decrease and 33% expect to keep workforce levels steady, resulting in a seasonally adjusted NEO of 35%.Top Technical Skills in Demand: AI Modeling & App Development is the most sought-after technical capability (34%), followed by AI Literacy (30%) and Traditional IT & Data (29%).Top Human Skills in Demand: Communication, Collaboration & Teamwork ranks as the most critical human skill (41%), followed by Professionalism & Work Ethic (37%) and Adaptability & Willingness to Learn (34%).Responding to Scarcity: 95% of employers are deploying a mix of strategies to address ongoing shortages. The most common actions are upskilling and reskilling current employees (30%), offering greater work location flexibility (24%), and increasing wages (22%).Regional Highlights

Tech hiring expectations vary significantly across geographies, with some markets holding strong while others show continued caution.

The Americas

Puerto Rico leads all countries globally with a Q3 NEO of 68%, up 45 points year-over-year, followed by Brazil (53%) and the United States (47%).Panama (-1%) is the only Americas market to report a negative Outlook.Asia Pacific

Vietnam (50%) and India (47%) reflect robust demand for tech and IT talent, with Australia (33%) and China (39%) posting moderate but positive Outlooks.Hong Kong (-10%) reports the weakest Outlook in the region, reflecting ongoing economic caution.Europe and the Middle East

The United Kingdom leads the region at 51%, up four points year-over-year, followed by Israel (42%) and Czech Republic (40%), which posted a quarter-over-quarter gain of +27 points.Romania (-11%) and Slovakia (-10%) report the weakest Outlooks globally, reflecting continued economic caution across parts of Central and Eastern Europe.To view the full Q3 2026 Experis Tech Talent Outlook, including detailed global findings, visit www.experis.com/en/tech-talent-outlook.

The next report, covering Q4 2026 hiring expectations, will be released in September 2026.

ABOUT THE EXPERIS TECH TALENT OUTLOOK
This research is based on results from the ManpowerGroup Employment Outlook Survey — the longest running, most comprehensive, forward-looking employment survey of its kind, used globally as a key labor market indicator. ManpowerGroup interviewed 4,497 Tech & IT Services employers across 42 countries on hiring intentions for the third quarter of 2026.

SURVEY METHODOLOGY
Survey responses were collected from April 1–30, 2026. Size of organization and sector are standardized across all countries and territories to allow international comparisons.

ABOUT THE TALENT SHORTAGE SURVEY
ManpowerGroup's 2026 Talent Shortage Survey interviewed 39,063 employers across 41 countries to understand global hiring challenges and skills gaps. The fieldwork was completed in all markets between October 1 – 31, 2025.

ABOUT EXPERIS
Experis®, a global leader in technology services, provides the experience and expertise to shorten the distance between innovation and business impact in a digital world. Experis is guided by the principle that only human ingenuity can unlock the true potential of advanced technologies like AI. For clients, Experis offers the right mix of talent and technology to accelerate progress and deliver real-world results. For individuals, Experis has the insight, size, and scale to help tech professionals expand their skills, increase their value, and find the right opportunities. By matching talent to technology in transformative ways, Experis creates brighter futures for everyone. Experis is part of the ManpowerGroup® (NYSE: MAN) family of brands, which also includes Manpower and Talent Solutions.

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ManpowerGroup® (NYSE: MAN), the leading global workforce solutions company, helps organizations transform in a fast-changing world of work by sourcing, assessing, developing, and managing the talent that enables them to win. We develop innovative solutions for hundreds of thousands of organizations every year, providing them with skilled talent while finding meaningful, sustainable employment for millions of people across a wide range of industries and skills. Our expert family of brands – Manpower, Experis, and Talent Solutions – creates substantially more value for candidates and clients across more than 70 countries and territories and has done so for more than 75 years. We are recognized consistently as a best place to work for Women, Inclusion, Equality, and Disability, and in 2026 ManpowerGroup was named one of the World's Most Ethical Companies for the 17th time; all confirming our position as the brand of choice for in-demand talent.

For more information, visit www.manpowergroup.com, or follow us on LinkedIn, Facebook, and Bluesky.

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This report contains forward-looking statements, including statements regarding labor demand in certain regions, countries and industries, and economic uncertainty. Actual events or results may differ materially from those contained in the forward-looking statements, due to risks, uncertainties and assumptions. These factors include those found in the Company's reports filed with the U.S. Securities and Exchange Commission (SEC), including the information under the heading "Risk Factors" in its Annual Report on Form 10-K for the year ended December 31, 2025, whose information is incorporated herein by reference. ManpowerGroup disclaims any obligation to update any forward-looking or other statements in this release, except as required by law.

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Latest State of Semiliquid Funds points to signs of a maturing market and highlights the importance of investor understanding as private market access expands.

CHICAGO--(BUSINESS WIRE)--Morningstar, Inc. (Nasdaq: MORN), a leading provider of independent investment insights, today released “The State of Semiliquid Funds 2026,” highlighting a rapidly evolving market approaching $600 billion in assets that is entering a new phase as investor demand shifts and key risks become more apparent.

The report finds that semiliquid, or “evergreen,” fund assets have more than doubled since 2022, following several years of growth fueled by private credit. More recently, however, demand for credit strategies has cooled sharply, redemptions are rising, and capital is rotating into private equity and venture capital funds. At the same time, early signs of fee competition are emerging as asset managers respond to increased scrutiny around costs.

“The semiliquid market has scaled rapidly on the back of investor enthusiasm, but over the past year it has begun to collide with questions about how these structures actually behave in practice,” said Jason Kephart, senior principal at Morningstar. “To effectively use private markets, we believe the focus should be on fundamentals, with investors taking a holistic view of how fees, leverage, and liquidity shape outcomes. Our independent research helps improve transparency and bring those trade-offs into focus.”

Key Findings

Semiliquid fund assets approached $600 billion as of March 2026.
Venture capital and private equity emerged as key growth drivers, with investors seeking exposure to high-profile AI and technology companies. Venture capital funds recorded approximately $8 billion in net inflows over the 12 months ended March 2026, while private equity inflows reached $14.5 billion. Private credit—previously the main growth engine—is losing momentum.
Concerns over software exposure and credit quality have dampened investor appetite, contributing to a roughly $1 billion dip in net assets for the category during the first quarter of 2026. High fees remain a core challenge for outperformance.
The average expense ratio for semiliquid funds is around 3%, significantly higher than traditional funds, and often excludes the full impact of incentive fees. Investors should also be aware that many complex fee structures continue to favor managers. Liquidity pressure is coming into focus.
Demand for redemptions has been rising, exposing the gap between limited withdrawal windows and hard-to-sell private assets. Most funds allow quarterly withdrawals, capped at 5%, which for some funds may not hold up when many investors try to exit at once. New pricing models could reshape how investors access private markets.
Blackstone, who dominates market share by assets, recently introduced a structure that gives 401(k) plans a choice between an incentive fee or a flat fee that may lead to lower expenses over time—an early indication that fee competition may be emerging, particularly in retirement channels. Few semiliquid funds earn strong ratings.
Morningstar rated 19 semiliquid funds last year, but only four received a forward-looking Medalist Rating of Bronze or Silver, reflecting Morningstar’s view that few funds are likely to outperform peers and public market equivalents after fees. The trends in the report underscore the view that access to private markets is only valuable if investors understand the management of funds in their portfolio. Yet a significant knowledge gap remains, with just 16% of financial advisors saying they are “very familiar” with semiliquid fund structures1. Morningstar’s research and semiliquid fund ratings aim to promote greater transparency and a more consistent language for investors and advisors to compare fees, liquidity, leverage, and potential outcomes.

Read the full State of Semiliquid Funds 2026 report here.

About Morningstar, Inc.

Morningstar, Inc. is a leading provider of independent investment insights in North America, Europe, Australia, and Asia. The Company offers an extensive line of products and services for individual investors, financial advisors, asset managers and owners, retirement plan providers and sponsors, institutional investors in the debt and private capital markets, and alliances and redistributors. Morningstar provides data and research insights on a wide range of investment offerings, including managed investment products, publicly listed companies, private capital markets, debt securities, and real-time global market data. Morningstar also offers investment management services through its investment advisory subsidiaries, with approximately $370 billion in AUMA as of March 31, 2026. The Company operates through wholly-owned subsidiaries in 32 countries. For more information, visit www.morningstar.com/company. Follow Morningstar on X @MorningstarInc.

Morningstar’s Manager Research Group

Morningstar’s Manager Research Group consists of various wholly owned subsidiaries of Morningstar, Inc. including, but not limited to, Morningstar Research Services LLC. Morningstar Manager Research provides independent, fundamental analysis on managed investment strategies. Morningstar views are expressed in the form of Morningstar Medalist Ratings, which are derived through research of three key pillars—People, Process, and Parent. The Morningstar Medalist Rating is the summary expression of Morningstar’s forward-looking analysis of investment strategies as offered via specific vehicles using a rating scale of Gold, Silver, Bronze, Neutral, and Negative. A global research team issues detailed research reports on strategies that span vehicle, asset class, and geography.

Medalist Ratings are not statements of fact, nor are they credit or risk ratings, and should not be used as the sole basis for investment decisions. A Medalist Rating is not intended to be nor is a guarantee of future performance. This press release is for informational purposes only; references to securities should not be considered an offer or solicitation to buy or sell the securities.

©2026 Morningstar, Inc. All rights reserved.

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Key Takeaways Ralph Lauren benefits from digital investments and its Drive Plan, supporting sales and engagement growth.Hasbro and Fox are gaining from gaming, streaming, sports and advertising momentum, lifting outlooks.H World Group and WMG project strong earnings growth, with estimates rising in recent months. The consumer discretionary sector has witnessed moderate growth in the past year, despite a strong rally in U.S. stock markets. The situation has aggravated as the sector is in the negative on a year-to-date basis. 

Structurally, the consumer discretionary sector is growth-oriented. The share prices of these companies grow over a long time period. Growth sectors are sensitive to the movement of market interest rates and are inversely related. 

Over the last two years, the Fed opted for easy monetary policies with a significant cut in the benchmark lending rate. However, market participants are uncertain about the trajectory of interest rates this year. Moreover, geopolitical conflicts and the breakout of war in the Middle East also affected growth stocks.

Despite these negatives, we have selected five consumer discretionary stocks with a favorable Zacks Rank for investment. These are: Ralph Lauren Corp. (RL - Free Report) , Hasbro Inc. (HAS - Free Report) , Fox Corp. (FOXA - Free Report) , H World Group Ltd. (HTHT - Free Report) and Warner Music Group Corp. (WMG - Free Report) . Each of our picks currently carries either a Zacks Rank #1 (Strong Buy) or 2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

The chart below shows the price performance of our five picks in the past month.

Image Source: Zacks Investment Research

Ralph Lauren Corp.Zacks Rank #2 Ralph Lauren has benefited from the strategic execution of its “Next Great Chapter: Drive Plan” and robust financial performance. The plan focuses on brand elevation, consumer centricity and operational agility. 

RL’s digital transformation drives growth, with investments in personalization, mobile, omnichannel and fulfillment enhancing consumer engagement. Retail and wholesale remain the key pillars of RL, with flagship stores, premium distribution and partnerships boosting comparable store sales across North America, Europe and Asia in fourth-quarter fiscal 2026.

Ralph Lauren has an expected revenue and earnings growth rate of 6.7% and 10.5%, respectively, for the current year (ending March 2027). The Zacks Consensus Estimate for the current year’s earnings has improved 0.2% over the last seven days.

Hasbro Inc. Zacks Rank #1 Hasbro has benefited from solid growth in Wizards and Digital Gaming revenues. HAS benefits to a big extent by continued MAGIC: The Gathering momentum, backlist demand and distribution gains, while Consumer Products delivered point-of-sale growth and share gains despite tougher licensing comparisons. 

For 2026, HAS targets stronger fan engagement, new partnerships, and steady progress toward a more digital and IP-focused business. HAS’ cost transformation program continues to support margin resilience while the company invests in key brands.

Hasbro has an expected revenue and earnings growth rate of 5.9% and 8.5%, respectively, for the current year. The Zacks Consensus Estimate for the current year’s earnings has improved 0.8% over the last seven days.

Fox Corp.Zacks Rank #1 Fox offers a differentiated mix of live news and marquee sports that supports affiliate pricing leverage and steady advertising demand. FOXA’s Tubi is boosting engagement and revenues while maintaining an ad-led model that has run at breakeven or better, improving the risk profile of streaming exposure. 

FOX One broadens distribution to cord-cutters with early retention trends that appear additive rather than disruptive to the traditional bundle. Ongoing global soccer and the political cycle should add FOXA’s incremental audience and advertising opportunities across broadcast, cable and digital.

Fox has an expected revenue and earnings growth rate of 5% and 16.3%, respectively, for the current year (ending June 2027). The Zacks Consensus Estimate for the current year’s earnings has improved 2.3% over the last seven days.

H World Group Ltd.Zacks Rank #2 H World Group is involved in the hotel industry. HTHT’s business includes leased and owned, manachised and franchised models.

HTHT’s brands include Hi Inn, Elan Hotel, HanTing Hotel, JI Hotel, Starway Hotel, Orange Hotel, Crystal Orange Hotel, Manxin Hotel, Madison Hotel, Joya Hotel, Blossom House, Ni Hao Hotel, CitiGO Hotel, Steigenberger Hotels & Resorts, MAXX, Jaz in the City, IntercityHotel, Zleep Hotels, Steigenberger Icon and Song Hotels. 

H World Group has an expected revenue and earnings growth rate of 10.4% and 19.4%, respectively, for the current year. The Zacks Consensus Estimate for the current year’s earnings has improved 3.9% over the last 90 days.

Warner Music Group Corp.Zacks Rank #1 Warner Music Group is a music-based content company. WMG’s operating segment consists of Recorded Music and Music Publishing. The Recorded Music segment is involved in the discovery and development of recording artists. The Music Publishing segment owns and acquires rights. WMG operates principally in the United States, the United Kingdom and internationally.

Warner Music Group has an expected revenue and earnings growth rate of 7.6% and more than 100%, respectively, for the current year (ending September 2026). The Zacks Consensus Estimate for the current year’s earnings has improved 8.6% over the last 60 days.

ST. PAUL, MN, USA, June 16, 2026 (GLOBE NEWSWIRE) -- Last weekend, under the floodlights and patriotic pageantry of the White House South Lawn, UFC Freedom 250 transformed America’s most famous address into a modern coliseum. There was a rowdy Octagon beneath a towering canopy nicknamed The Claw, military flyovers, celebrity spectators, Ultimate Fighting Championship President and CEO Dana White on the balcony, U.S. President Donald J. Trump celebrating his eightieth birthday in the front row, and seven fights that turned the nation’s 250th-anniversary festivities into one of the most headline-grabbing combat-sports spectacles in memory.

The main event at “The People’s House” had everything prizefighting has always loved: an undefeated champion, an underdog with thunder in his hands, personal bad blood, national flags, genuine gladiators with catchy nicknames, eye-popping spectacle, high-stakes danger, and the powerful, inchoate pull of destiny.

To the modern eye, it felt unprecedented. To readers of The St. Paul Phantom: The Gibbons Brothers’ Fight for Glory, Volume I, this fall’s first of three installments in the critically-acclaimed, definitive historical biography of Irish-Americans, Mike and Tommy Gibbons, it felt like history wearing new gloves.

A hundred years ago, Mike “The St. Paul Phantom” Gibbons and his younger brother Tommy “The Happy Warrior” Gibbons stood at the center of America’s original fight-industrial complex, where boxing distilled the early twentieth century’s chaos into two corners, ropes, rules, and consequence. Mike and Tommy fought their way into history via smoky clubs, armories, ballparks, theaters, and the illustrious “temple of fistiana,” Madison Square Garden, promoted by enigmatic powerhouse Tex Rickard and his “million-dollar gates.” They understood the prize ring was one of the only places on earth where an immigrant son could aspire to—and sometimes claim—the fabled American Dream, even in an era when professional boxing remained outlawed, restricted, or morally suspect across much of the United States.

Mike "The St. Paul Phantom" Gibbons and his brother Tommy "The Happy Warrior" Gibbons. A century before UFC Freedom 250, the brothers stood at the center of America's original fight game.

In other words, the Gibbons brothers, legendary Hall-of-Famers, long-known as “the shining knights of the ring,” were also, in contemporary parlance, among the OGs—or “original gangstas”—of the sport.

The St. Paul Phantom resurrects the nearly forgotten world of turn-of-the-century America with the sweep of historical narrative nonfiction: the 1910 Halley’s Comet vow; the rough Frogtown boyhood; the death-haunted lessons of early prizefighting; Mike’s rise from St. Paul to Madison Square Garden; the shadow of Jack Johnson, Joe Gans, Sam Langford and the color line; the Great War years at Camp Dodge, where Mike and Tommy trained doughboys for trench warfare; the Spanish Flu; the denied military commissions; and the final, bruising question of what a fighter owes his family, his country, and his name.

“From the beginning of this nation’s history, combat sports are where America has staged its arguments about masculinity, class, race, immigration, celebrity, patriotism, money, honor, and violence. A century ago, just as now, we were electrified by the operatic drama, larger-than-life promotional machinery, and raw pursuit of legacy and fortune,” says St. Paul Phantom author Dr. Gerard Gibbons, grandson of Tommy Gibbons and great-nephew of Mike Gibbons. “The UFC cage is new, but the hunger and yearning—the fundamental quest and fight for glory—is old as time.”

Long before UFC champions entered the cage beneath the South Lawn lights, Call of the Wild author Jack London wrote that “fighting is no superficial thing, a fad of a moment or a generation… [It is] woven into the fibers of our being.” As evidence, “strenuous life” proponent, Gibbons brothers fan, and twenty-sixth President Theodore Roosevelt transformed his White House into a veritable shrine to physical combat, sparring frequently in the West Wing with soldiers, athletes, and fighting men of his era.

“President Roosevelt loved the ring because he believed that struggle built character,” says award-winning author and historian Gibbons. “He saw fighting, disciplined and rule-bound, as a moral education in courage, endurance, respect and humility. This speaks great truth about the men Mike and Tommy Gibbons were in their time, and of many contemporary boxers, trainers, and mixed martial artists too.”

Puck magazine, June 1, 1904: "Terrible Teddy" Waits for "The Unknown." President Theodore Roosevelt, a devoted boxing enthusiast, made his White House a shrine to the ring. (Library of Congress)

Fighting for family, faith, freedom, and fortune, Mike Gibbons, the “Phantom,” was a scientific conundrum who made violence look like geometry—slipping punches by inches, answering with clean precision, and making reporters reach for language usually reserved for magicians, chess masters, and ghosts. Tommy Gibbons, bigger, warmer, and more openly heroic, carried the same St. Paul schooling into the heavyweight ranks, where courage, durability, and decency became part of his public identity. Between them, the Gibbons brothers fought their way through a rogue’s gallery of brawlers, sluggers, champions, and immortals, including Harry Greb, Jack Dempsey, and Gene Tunney.

If the Freedom 250 Octagon was flashier and its fighter personalities more flamboyant, several of the combatants nevertheless echoed the Gibbons brothers’ century-old “sweet science” ringwork at the White House. Light-footed and deeply composed, heavyweight Ciryl Gane snapped and shuffled classic “Phantom” strategies into battle, resisting crude slugging in favor of remaining elusive, measured, surgical, and calculatedly dangerous in his upset of Alex Pereira. In his two-round dismantling of Aiemann Zahabi, neon-mopped bantamweight Sean O’Malley deployed several trademark “Phantom” moves, serving up a cool carousel of range, timing, long jabs, and controlled striking. And in a shocking upset, Justin Gaethje, horror-bloodied the face of Ilia Topuria, to claim the world lightweight title, demonstrating what the Gibbons brothers often said, “No one plays boxing!”

“The Octagon at the White House proved that the hunger for combat narrative is an indelible part of the American psyche,” says author Gibbons. “For fans captivated by the strategic chess match and raw human drama of the UFC, The St. Paul Phantom—and the two additional, forthcoming books in the Fight for Glory franchise—captures the genesis of that obsession, the crucial origin story of how a man with courage, discipline, and faith can change his stars.”

The St. Paul Phantom: The Gibbons Brothers’ Fight for Glory, Volume I publishes September 15, 2026, from Fight for Glory Press.

An American Epic for the Semiquincentennial
Arriving during America 250, the nation’s Semiquincentennial, The St. Paul Phantom draws on deep family archives, rare photographs, and letters untouched for decades. Early readers are comparing this historical biography to Seabiscuit, Cinderella Man, and The Boys in the Boat—stories where sports become the lens through which a nation sees itself.

Through the lens of the Gibbons brothers, readers encounter an era of illegal prizefighting, vaudeville celebrity, the 1918 influenza pandemic, and an unforgettable cast of characters including: Jack Johnson, Harry Greb, Joe Gans, F. Scott Fitzgerald, Nellie Bly, Theodore Roosevelt, and Tex Rickard.

The work has already garnered recognition from the International Boxing Research Organization (IBRO) and carries endorsements from Academy Award-nominated filmmakers Paul Tamasy (The Fighter) and Brian Frankish (Field of Dreams), Grammy-nominated musician and boxing historian Frank Stallone, as well as Kirkus Reviews, IndieReader, and Publisher’s Weekly / Booklife.

Availability & Community Pre-Order
The St. Paul Phantom: The Gibbons Brothers’ Fight for Glory, Volume I officially publishes September 15, 2026, in hardcover, paperback, ebook, and audiobook formats. To pre-order, please visit: www.Books2Read.com/TheStPaulPhantom. Ahead of the launch, boxing fans and history buffs can join Ringside America, the book’s exclusive online reader community at the Fight for Glory website. Members receive Inside the Archive access—featuring digitized images and letters from the family collection—along with preview chapters, audiobook samples, and a locked-in, members-only pre-order price.

About the Author
Dr. Gerard Gibbons is an award-winning filmmaker, historian and direct descendant of the Gibbons boxing family. His Fight for Glory trilogy restores the epic true story of his family's place in American sports, immigrant culture, and the pursuit of the American Dream, spanning the years 1884-1983.

About Fifth Story Press and Content Syndicate
Fifth Story Press is a boutique publisher and author services company. Content Syndicate provides media distribution and public relations across a network of more than 1,200 endpoints. The St. Paul Phantom campaign is produced for Fight for Glory, LLC.

Fox Corp's (NASDAQ:FOXA) $22 billion swoop on Roku is, on paper, a bet that owning the screen matters as much as owning the shows, yet the people whose money is at stake are not sold.

Fox shares fell as much as 18% on Monday and closed down around 15%, a brutal verdict on the largest acquisition in the Murdoch-controlled company's history.

Roku stock, the supposed prize, slipped nearly 2%. That split reaction is the heart of the burning question: Is this deal actually worth it?

The strategic logic is about advertising, not content.

Roku is the dominant connected television operating system in the United States, the layer that decides what 100 million-plus households see when they switch on the set, along with the first-party data on what they watch.

Bolt that onto Fox's Tubi free streaming service, its live sports and Fox News, and you get a single advertising machine spanning content, distribution and the home screen where viewers discover everything else.

Emarketer estimated the deal would more than double Fox's annual connected TV advertising revenue, the prize every major streamer is now chasing as subscription growth slows.

It is also a reunion of sorts, since Fox first invested in Roku back in 2013 before selling its roughly 5% stake to help fund the Tubi purchase.

The price is where the doubts begin.

Fox is paying $160 per share, split as $96 in cash and the rest in stock, valuing Roku at about $22 billion in enterprise terms and closer to $25 billion once debt is included.

To get there, it is borrowing $12 billion, loading the combined group with debt at a moment when traditional media balance sheets are already stretched.

The offer carried only an 11% premium to Roku's Friday close, which sounds modest, yet investors still judged it too rich for a business generating about $1.1 billion in quarterly revenue.

The Roku Channel commands roughly 3% of US streaming viewership, fifth behind YouTube, Netflix, Disney and Amazon, so Fox is buying the pipes rather than a runaway content.

History is the other worry.

Doug Creutz of T.D. Cowen reminded clients that marrying distribution to content has misfired badly before, from AOL (NYSE:AOL) Time Warner to AT&T's ownership of Time Warner, warning that the past has a habit of rhyming.

Fox counters with $400 million in promised cost savings and the argument that scale in advertising technology is now existential.

The deal also lands in the middle of a consolidation wave, days after the Justice Department cleared Paramount Skydance to buy Warner Bros Discovery, fuelling talk that a rival such as Comcast could yet gatecrash.

Founder Anthony Wood, who built Roku after leaving Netflix and once said he simply wanted to record Star Trek, will join the Fox board.

The transaction is expected to close in the first half of 2027, subject to shareholder and regulatory approval, leaving plenty of time for Fox to prove the sceptics wrong.

This Aug. 13, 2020 file photo shows a logo for Roku on a remote control in Portland, Ore. Credit: AP Photo/Jenny Kane, file Fox Corp. has agreed to buy the streaming pioneer Roku in a cash-and-stock deal valued at approximately $22 billion, including debt.

Roku will continue to be run as an open, partner-friendly platform, the companies said Monday, and there appears to be no immediate changes that customers will see. Fox and Roku said that the combined company will become the third-largest player in U.S. television by share of viewing.

Media reports had surfaced on Friday that Roku was looking at its strategic options, including a possible sale. Speculation was rampant as to which companies might be interested in an acquisition. Aside from Fox, names being tossed about as potential buyers included Netflix, Amazon, Comcast and Disney.

The deal will give Fox access to more than 100 million global households, along with the Roku channel and its first-party data. Fox oversees a massive sports, news and entertainment network, as well as Tubi, which it acquired in 2020.

A person walks past the Fox News Headquarters in New York on April 12, 2023. Credit: AP Photo/Yuki Iwamura, File Roku founder Anthony Wood had initially worked within Netflix in the early 2000s as that company attempted to make the seismic shift from renting DVDs, to streaming.

Roku was spun off by Netflix, however, and the company released its first set-top box in 2008.

Wood, who is Roku's chairman and CEO, said his motivation in pursuing the technology was his desire to record and play his favorite show, "Star Trek."

Fox Corp. CEO Lachlan Murdoch said in a statement that combining the businesses will bring together Fox's live news and sports content with a streaming platform with large viewership. It will also give Fox more exposure to advertising and streaming subscriptions.

"The combination with FOX is an extraordinary opportunity to accelerate our vision, scale faster and innovate more aggressively for viewers, partners and advertisers," Wood said in prepared remarks.

Mike Proulx, research director at Forrester, said in an emailed statement that advertising revenue is a critical component of the deal.

"The bigger play here is advertising revenue, something all the major streamers are now jockeying for," he said. "This deal accelerates Fox into that shift with built-in audience scale. With 2026 shaping up as a defining year of streaming consolidation, the market shift is that streaming is no longer just about quality content slates. It's about controlling the full stack. If this deal closes, Fox will control more of what viewers watch, how they discover it, and how it gets monetized."

Wood will have an ongoing role at the company and will join the Fox board of directors after the transaction closes.

Murdoch said during a conference call that the combined company will be better positioned for the next decade of video than either company would've been alone.

"We are confident this is the right transaction, at the right moment, for all the right reasons," he said.

Fox will pay $96 in cash and 0.9693 shares of its Class A common stock for each Roku Class A and Class B share outstanding. The transaction is valued at $160 per Roku share.

Existing Fox shareholders are expected to own approximately 73% of the combined company and Roku shareholders will own about 27%, once the deal closes.

The deal is expected to close in the first half of next year. It still needs approval from Fox and Roku shareholders and also regulatory approval.

Fox's shares tumbled 15% on Monday and Roku declined nearly 2%.

Who's behind this story?

Andrew Zinin Master's in physics with research experience. Long-time science news enthusiast. Plays key role in Science X's editorial success. Full profile →

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Fox (FOXA - Free Report) has been beaten down lately with too much selling pressure. While the stock has lost 16.9% over the past four weeks, there is light at the end of the tunnel as it is now in oversold territory and Wall Street analysts expect the company to report better earnings than they predicted earlier.

We use Relative Strength Index (RSI), one of the most commonly used technical indicators, for spotting whether a stock is oversold. This is a momentum oscillator that measures the speed and change of price movements.

RSI oscillates between zero and 100. Usually, a stock is considered oversold when its RSI reading falls below 30.

Technically, every stock oscillates between being overbought and oversold irrespective of the quality of their fundamentals. And the beauty of RSI is that it helps you quickly and easily check if a stock's price is reaching a point of reversal.

So, by this measure, if a stock has gotten too far below its fair value just because of unwarranted selling pressure, investors may start looking for entry opportunities in the stock for benefiting from the inevitable rebound.

However, like every investing tool, RSI has its limitations, and should not be used alone for making an investment decision.

Why a Trend Reversal is Due for FOXAThe heavy selling of FOXA shares appears to be in the process of exhausting itself, as indicated by its RSI reading of 27.72. So, the trend for the stock could reverse soon for reaching the old equilibrium of supply and demand.

The RSI value is not the only factor that indicates a potential turnaround for the stock in the near term. On the fundamental side, there has been strong agreement among the sell-side analysts covering the stock in raising earnings estimates for the current year. Over the last 30 days, the consensus EPS estimate for FOXA has increased 0.8%. And an upward trend in earnings estimate revisions usually translates into price appreciation in the near term.

Moreover, FOXA currently has a Zacks Rank #1 (Strong Buy), which means it is in the top 5% of more than 4,000 stocks that we rank based on trends in earnings estimate revisions and EPS surprises. This is a more conclusive indication of the stock's potential turnaround in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .

Fox Corporation’s (FOXA) landmark agreement to acquire Roku Inc (ROKU) in a $22 billion deal is sending shockwaves through the entire streaming landscape on Tuesday morning.

In particular, Netflix NFLX shares are seeing downward pressure as the “high-stakes” acquisition directly threatens the premium subscriber heavyweight’s core growth drivers.

Versus its year-to-date high in mid-April, Netflix stock is down nearly 30% at the time of writing.

NFLX shares are being hit mostly because of the immediate threat the Fox-Roku transaction poses to the company’s burgeoning ad-supported tier.  

Over the past few years, Netflix Inc has leaned heavily into digital advertising to sustain its revenue growth.

However, the ROKU deal isn’t just about purchasing hardware for FOXA, it’s about taking control of a sophisticated Connected TV (CTV) operating system that commands first-party data from over 100 million global households.

Combined with Fox’s existing free ad-supported streaming television (FAST) service – Tubi – the newly merged entity instantly becomes the third-largest player in US television by viewing share.

This enables FOXA to offer advertisers an incredibly scaled, data-rich alternative.

Advertisers looking to deploy their budgets into streaming environments now have a consolidated giant that pairs live sports and news with huge algorithmic reach, diluting Netflix’s “premium” ad pricing leverage.

Adding to pressure on Netflix shares today is the realization that a vital strategic asset has officially been taken off the board.

Rumours had been swirling that tech and media giants like Amazon, Disney, and Netflix Inc itself were considering bidding for Roku to fortify their distribution infrastructure.

With FOXA securing the definitive agreement, NFLX loses the opportunity to integrate ROKU’s ubiquitous operating system into its own ecosystem.

Furthermore, even though Fox and Roku Inc have promised that the platform will remain an “open, partner-friendly platform,” Wall Street remains deeply skeptical.

ROKU serves as the primary gateway through which millions of users discover and access the Netflix app on smart TVs.

With Fox now acting as the ultimate gatekeeper of this real estate, investors fear that FOXA will naturally prioritize its own content, optimize its proprietary ad yields, and subtly squeeze out rival platforms.

Ultimately, the Fox-Roku marriage forces Wall Street to critically re-evaluate Netflix’s standalone valuation in an era of rapid consolidation.

For years, NFLX stock enjoyed a “premium” based on its pure-play streaming model and immense content library.

However, as the industry matures, the competitive battlefield is shifting away from who owns the best content library to who owns the full technology stack.

The transaction represents a massive 24x multiple of Roku’s estimated 2027 EBITDA, showcasing just how much premium legacy media is willing to place on distribution and ad infrastructure.

As Fox secures a massive footprint in over half of US broadband households, Netflix faces a newly fortified, diversified competitor backed by linear networks, sports rights, and gatekeeper hardware.

Today’s stock price dip reflects growing anxiety that Netflix may now have to spend significantly more on marketing and platform fees just to maintain its current market share.

The media industry has long been preparing for consolidation and mega deals. And yet Fox Corp.'s acquisition of Roku seems to have taken the market by surprise. 

On Monday, Fox said it would acquire Roku for $22 billion, bringing a streaming tech platform — in addition to a second free, ad-supported streaming service — into its portfolio of linear TV networks and Tubi. 

While analysts lauded the deal as a strategic pivot for the legacy media company, Fox shareholders received the news differently. Its stock traded down 16% on Monday, hitting a 52-week low. Shares fell another 4% on Tuesday. 

"We view this as a strategic fit. Fox marries its strong content with Roku's leading distribution platform and first party data that add scale and can enhance the value proposition with advertisers," Piper Sandler analyst Thomas Champion wrote in a note on Monday. 

Champion highlighted Fox's long list of sports rights and Roku's position as the leading streaming platform — offered on both dedicated devices and smart TVs — as "highly complementary." 

"The combined company will be the third largest player in the U.S. by share of viewing, spanning broadcast, cable, local and streaming," he said.

Some industry analysts and insiders — who didn't want to comment publicly on market reaction — attributed the sharp stock reaction to the new debt that Fox would be taking on as part of the deal. Still, the company's leverage will be relatively low after the deal's expected close in the first half of next year.

One industry insider noted that Fox is also likely to spend more when the NFL reopens media rights negotiations, which have already begun for CBS owner Paramount Skydance. 

Mike Proulx, Forrester's vice president and research director, told CNBC in an email that it was too early to take this as a negative market reaction and noted that big media deals "often get punished in the short term because they introduce uncertainty."

"In this case investors are likely questioning the near-term cost-benefit. But what the market is missing is the long-term strategic importance of this deal. It's a must for Fox," Proulx said. "It's far from just a content play. The long-term value is in owning the platform, the data, and the ad stack. That's what this deal gives Fox and helps the company to future proof."

'Strategic pivot'In a MoffettNathanson note on Monday, the analyst firm called the deal "an unexpected strategic pivot." LightShed Partners called it a "bold move." 

"Legacy media has long suffered from the innovator's dilemma, with most players allergic to risk," LightShed analysts said in a note. "Fox has repeatedly talked about using its financial strength to make acquisitions and was routinely criticized for being underlevered, but Roku is a far larger acquisition than any Fox investor expected." 

While Fox's peers have been in the thick of the streaming wars — working to hit profitability for fledgling services, fending off competition and exploring deals to bulk up their content portfolios — Fox has largely stayed on the sidelines. 

Earlier this year, Paramount, Comcast and Netflix were among the major media players chasing Warner Bros. Discovery's assets in a bid to bulk up and better compete. Paramount emerged the winner, with a pending transaction that's working its way through regulators. 

But the battle left many in the industry wondering what comes next for competitors. 

Fox executives have been vocal about looking at deal opportunities, but have said they wouldn't jump at every chance — particularly when it comes to adding the same assets it hived off not too long ago. 

In 2019, the company offloaded its entertainment assets to Disney in a blockbuster deal that left Fox with live sports and news TV networks. 

Fox is perhaps best known for its Fox News Channel, one of the highest-rated networks in the cable TV bundle. But that bundle continues to bleed customers, while live sports like NFL games and the FIFA World Cup drive viewership and advertising revenue for Fox.

And as more viewing — even for marquee live events and global sports — moves to streaming, Fox has remained largely on the sidelines. 

The company acquired Tubi in 2020 for less than $1 billion. Since then the free, ad-supported service has been its biggest streaming priority. Tubi touts the largest library of licensed content and has also been building out originals with content creators from social media platforms. 

Last year the company launched Fox One, a direct-to-consumer option that offers all of Fox's content, including sports and news. 

But even with Fox One and Tubi, Fox hasn't found itself in the same playing field as subscription-based streamers. And with growing competition for a still-burgeoning segment of digital advertising dollars, Fox has lagged its legacy media peers in establishing a streaming foothold.  

The Roku acquisition changes that.

On the platformIn addition to marrying itself to the top hardware maker in streaming, Fox's acquisition brings in another free, ad-supported streamer with The Roku Channel.

MoffettNathanson noted that the acquisition puts Fox in the "upper end of streaming viewership" with Tubi and Roku combined. The combined viewership share edges outs Disney's Disney+, Hulu and ESPN, per MoffettNathanson's estimates.

The firm's analysts added that the deal makes sense from a strategic perspective, giving each company "an immediate boost to reposition their future outlooks" — more scale for Fox and more content and ad capabilities for Roku.

MoffettNathanson added that the deal helps Fox "better compete for future premium sports rights."

The combination also gives Fox more leverage, according to LightShed Partners, when it comes to carriage negotiations.

Roku negotiates with media companies to make their apps available on its platform. It also has considerable control over how content and media players are surfaced on its home screen. In addition, other streamers — from Disney+ to HBO Max — share a portion of their ad revenue with Roku when it's viewed on the platform.

That gives Fox a much-needed stake in the streaming ecosystem — right at the platform level.

For Roku, the deal means a partnership with some of the highest-rated sports and news content in the industry, and a likely boost to engagement. It also puts together two advertising platforms at a time when media companies have leaned heavily into the area as a revenue driver.

Roku has recently returned to shareholder favor following a rocky period. It now breaks out revenue specifics that have reinforced its position in the market.

Roku shares hit a 52-week high on Friday after initial reports of a potential sale. Its stock was up about 50% for the year through last week, even prior to the deal reports.

But its trajectory is not ironclad, and some have questioned the timing of the deal given Roku's current positive momentum.

MoffettNathanson called out two specific weak points for Roku — one being industry consolidation, and the second being Walmart's 2024 acquisition of smart TV maker Vizio.

Walmart, the top seller of smart TVs like those powered by Roku, has been slower than some expected to expand its market share via Vizio, but that could change sooner than later and Roku would need similar scale on its side.

June 16, 2026 07:00 ET  | Source: Cipher Digital Inc.

Power Systems Veteran Joins Cipher from ERCOT, Where He Served as Director of Grid Coordination

Appointment Deepens Cipher’s Power and Grid Expertise as It Scales HPC Data Center Pipeline

NEW YORK, June 16, 2026 (GLOBE NEWSWIRE) -- Cipher Digital Inc. (NASDAQ: CIFR) (“Cipher” or the “Company”), a leading developer, owner, and operator of industrial-scale data centers, today announces the appointment of Bill Blevins as Head of Grid Strategies.

In this role, Mr. Blevins will lead Cipher’s grid strategy, supporting the Company’s efforts to source and secure power, and advance its development pipeline in Texas and around the country. He will report to Will Iwaschuk, Cipher’s Co-President & CLO.

Mr. Blevins brings to Cipher more than 30 years of power systems experience spanning grid operations, reliability, and nuclear power. He joins Cipher from the Electric Reliability Council of Texas (“ERCOT”), where he served as Director of Grid Coordination. During his tenure at ERCOT, he previously held the roles of Manager of Operations Support and Manager of Operations Planning and was responsible for grid operations as ERCOT transitioned to its Nodal Market in 2011. Prior to ERCOT, Mr. Blevins served at the North American Electric Reliability Corporation (“NERC”) and Duke Energy. In 2024, the Blevins Solar Project, a campus with 270 megawatts of solar power and 180 megawatts / 360 megawatt-hours of battery storage, was named in his honor.

“Bill is one of the most respected grid operators in the entire country, and his deep understanding of ERCOT and large-scale power systems will be invaluable as we continue to develop and energize data centers at scale,” said Mr. Iwaschuk. “Securing and delivering power is the foundation of everything we do, and adding a leader of Bill’s caliber further strengthens our ability to execute across our pipeline.”

About Cipher

Cipher develops and operates industrial-scale data centers engineered for next-generation computing at the highest standards of innovation, precision, and excellence. The Company brings together deep expertise across power sourcing, construction, engineering, operations, real estate, and technology to deliver high-quality data centers purpose built for HPC workloads. By partnering with premier tenants, Cipher seeks to meet the growing demand for industrial-scale data center capacity and become a leading HPC development platform that is built for hyperscale. To learn more about Cipher, please visit https://www.cipherdigital.com/.

Forward-Looking Statements

This press release contains certain forward-looking statements within the meaning of the federal securities laws of the United States. The Company intends such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995 and includes this statement for purposes of complying with these safe harbor provisions. Any statements made in this press release that are not statements of historical fact, such as statements about the Company’s beliefs and expectations regarding its planned business model and strategy, and management plans and objectives, are forward-looking statements and should be evaluated as such. These forward-looking statements generally are identified by the words “may,” “will,” “should,” “expects,” “plans,” “anticipates,” “could,” “seeks,” “intends,” “targets,” “projects,” “contemplates,” “believes,” “estimates,” “strategy,” “future,” “forecasts,” “opportunity,” “predicts,” “potential,” “would,” “will likely result,” “continue,” and similar expressions (including the negative versions of such words or expressions).

These forward-looking statements are based upon estimates and assumptions that, while considered reasonable by Cipher and its management, are inherently uncertain. Such forward-looking statements are subject to risks, uncertainties, and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. New risks and uncertainties may emerge from time to time, and it is not possible to predict all risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, including but not limited to: volatility in the price of Cipher’s securities due to a variety of factors, including changes in the competitive and regulated industry in which Cipher operates, Cipher’s evolving business model and strategy and efforts it may make to modify aspects of its business model or engage in various strategic initiatives, variations in performance across competitors, changes in laws and regulations affecting Cipher’s business, and the ability to implement business plans, forecasts, and other expectations and to identify and realize additional opportunities. The foregoing list of factors is not exhaustive. You should carefully consider the foregoing factors and the other risks and uncertainties described in the “Risk Factors” section of Cipher’s Annual Report on Form 10-K for the fiscal year ended December 31, 2025 filed with the Securities and Exchange Commission (“SEC”) on February 24, 2026 and in Cipher’s subsequent filings with the SEC. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and Cipher assumes no obligation and, except as required by law, does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise.

Website Disclosure

The Company maintains a dedicated investor website at https://investors.cipherdigital.com/ (“Investors’ Website”). Financial and other important information regarding the Company is routinely posted on and accessible through the Investors’ Website. Cipher uses its Investors’ Website as a distribution channel of material information about the Company, including through press releases, investor presentations, reports and notices of upcoming events. Cipher intends to utilize its Investors’ Website as a channel of distribution to reach public investors and as a means of disclosing material non-public information for complying with disclosure obligations under Regulation FD. In addition, you may sign up to automatically receive email alerts and other information about the Company by visiting the “Email Alerts” option under the Investor Resources section of Cipher’s Investors’ Website and submitting your email address.

Contacts:

Investor Contact:
Courtney Knight
Head of Investor Relations at Cipher Digital
[email protected]

Drew Armstrong
Head of Strategic Initiatives
[email protected]

Media Contact:
Ryan Dicovitsky
Dukas Linden Public Relations
[email protected]