Memorial Day promotions are meeting a consumer who is still buying, but who wields a shorter list and a sharper pencil.
Retail winners are capturing frequency, convenience and value rather than relying on broad discretionary demand.
Payment choice is becoming a signal for retailers.
It’s a solemn holiday. But within commerce, Memorial Day weekend has long served as a period when inboxes fill with discount codes, storefront banners multiply and merchants try to turn seasonal urgency into sales.
This year, the holiday has arrived, and the sales linger with another question in the background: After months of earnings calls, retail sales releases and consumer surveys, what condition is the consumer actually in as the second half of 2026 approaches?
The state of retail may be less straightforward than many would like, especially the retailers.
A May PYMNTS Intelligence report, “Inside the Cutback Economy: How Age, Behavior and Financial Pressure Shape Consumer Spending,” indicated that financial pressure is shaping purchasing decisions in ways that are becoming harder to capture through broad retail averages alone. More than one-third of adults in the United States were in active financial retreat as of April, while spending adjustments increasingly centered on cutting everyday expenses, delaying larger purchases and redirecting budgets toward recurring obligations rather than discretionary categories.
The largest differences are not necessarily between generations but within them. Consumers of similar ages are arriving at different outcomes depending on savings cushions, income stability and the financial tools available to them. Among financially pressured consumers, cutting everyday spending became the dominant response, while avoiding large purchases remained widespread.
Walmart’s latest quarter indicated that digital channels are not only resilient but are serving as growth engines. The retailing behemoth logged another quarter of double-digit eCommerce growth and highlighted stronger engagement through stores, delivery and membership ecosystems, which gives the nod to the connected experience that has been surfacing in PYMNTS Intelligence reports.
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Walmart executives also drew a distinction between customer groups. Management said high-income consumers remained comparatively confident across categories, while low-income households continued to show greater budget discipline and signs of financial strain.
Consumers are continuing to transact, but more dollars are flowing toward essentials and recurring obligations, while furniture, apparel and other discretionary areas face uneven demand.
Retail sales data showed uneven demand. Card network earnings help explain where the money is actually going. Visa and Mastercard results pointed to growth in both debit and credit volumes. American Express added another layer, as metrics were supported by young consumer cohorts and continued spending in goods and services.
Card networks showed that consumers are still transacting. Buy now, pay later (BNPL) providers offer a closer look at how households are deciding which purchases survive budget pressure.
Affirm’s most recent earnings report suggested that installment usage continues to move deeper into everyday commerce while remaining strongest in categories tied to larger purchase decisions. Affirm’s gross merchandise volume rose 35% year over year to $11.6 billion, while transaction growth reached 45%. Management pointed to continued momentum in travel, platform partnerships and repeat usage.
In Klarna’s case, the company highlighted apparel and fashion, beauty, home goods, consumer electronics and travel as important transaction categories.
Memorial Day promotions will still move inventory. The broader question is whether retailers can convert short-term promotional demand into sustained engagement with shoppers who are becoming more selective about every dollar they commit.
Looking ahead to the remainder of 2026, the changing dynamic could herald a greater emphasis on loyalty programs, targeted promotions and payment flexibility rather than broad discounting. Retailers that can reduce purchase friction without sacrificing margin may be better positioned than those relying on traffic alone.
NEW YORK--(BUSINESS WIRE)--Klarna, the global digital bank and flexible payments provider, is now available at Lands' End, a classic American lifestyle brand, offering customers more choice in how they pay online. Founded in 1963, Lands' End has built a loyal following across generations of American shoppers. With Klarna now live on landsend.com, customers can choose from pay in full, interest-free pay in 4, or longer-term financing, clear terms, no hidden fees, and eligibility checked upfront.
As the digital payments landscape evolves, choosing between established giants and rising stars is difficult. You might wonder whether Klarna Group (KLAR 0.57%) or Sezzle (SEZL +3.01%) is the better investment today.
Klarna functions as a massive international fintech powerhouse focusing on global scale and bank-like services. Sezzle operates as a leaner, highly profitable niche player primarily serving the North American market. Both companies dominate the buy now, pay later space, yet they offer vastly different financial profiles and growth trajectories.
The case for KlarnaKlarna Group operates as a global digital bank and flexible payments provider offering online, in-store, and app-based options. It serves nearly 119 million active consumers and 1 million merchants across 26 countries. As a major player among tech stocks, it focuses on major markets throughout the United States and Europe.
In fiscal year 2025, revenue reached nearly $3.5 billion, which was a 31.6% increase over the previous year. Despite this growth, the company reported a net loss of $294 million and a net margin of -8.4%. This represents a shift from the small net income reported in the prior fiscal year.
As of its December 2025 balance sheet, the debt-to-equity ratio, which compares total debt to shareholder equity, was approximately 0.5. The current ratio, measuring current assets against current liabilities, stood at roughly 1. Free cash flow, or cash from operations minus capital expenditures, was a loss of nearly $1 billion for the year.
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The case for SezzleSezzle is a digital payments platform that lets consumers split purchases into installment plans. It reported nearly 887,000 monthly active subscribers across the United States and Canada as of March 31. While no single partner accounts for over 10% of revenue, the business relies on a limited number of large e-commerce platforms.
For fiscal year 2025, the company generated revenue of approximately $450.3 million, marking a 66.1% increase year over year. Net income reached close to $133.1 million, resulting in a net margin of 29.6%. This performance represents significant growth and profitability relative to previous fiscal periods.
As of the December 2025 balance sheet, the current ratio was roughly 3.9, showing a high level of short-term liquidity. The debt-to-equity ratio was approximately 0.8, and free cash flow for the year reached nearly $208.4 million. These figures highlight a stable financial position with positive cash generation from operations.
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Risk profile comparisonKlarna faces intense competition from established banks and fintech providers like PayPal as it expands its banking services. Regulatory changes across 26 different countries could increase compliance costs or restrict specific payment products. Additionally, technology disruption and potential litigation are persistent risks for a company of this scale.
Sezzle operates under scrutiny from the CFPB, which could impose new regulations on the buy now, pay later industry. It competes directly with giants like PayPal, Affirm, Block, and Apple. Furthermore, the company depends on WebBank for loan origination and remains sensitive to macroeconomic shifts that impact consumer spending.
Valuation comparisonSezzle presents a lower valuation based on future earnings estimates, whereas Klarna carries a higher forward P/E but a significantly lower P/S ratio.
MetricKlarnaSezzleSector BenchmarkForward P/E82.52038.2P/S ratio1.77.3n/aSector benchmark uses the SPDR XLK sector ETF. Valuation metrics sourced from Financial Modeling Prep (FMP) and may differ from other data providers.
With more and more of the household budget going toward essentials, many consumers may be turning to flexible payments providers like Klarna and Sezzle to help ease the sting of their monthly bills. This relevant use case makes both stocks worthy of investor interest. But which stock is the more compelling buy? Sezzle is much smaller, with $4.2 billion in gross merchandise volume over the last 12 months, compared to Klarna’s $136 billion, and 3.1 million active consumers compared to Klarna’s 119 million. Finally, Sezzle is used by 40,000 merchants, compared to Klarna’s 1 million or more.
Klarna’s wider reach may lend it some stability through diversification, but it also opens the company up to the complexities of foreign currencies, banking regulations, and the risks associated with operating a global business. Sezzle offers a more stripped-down approach to buy now, pay later services, and while it does emphasize its mission of “financially empowering the next generation,” it doesn’t offer the same range of bank-like features as Klarna. However, rather than a weakness, this may be working to its advantage. Sezzle’s stock is up 26% over the last three years as of May 27, while Klarna has returned -57%. The results are similar over the last year.
As BNPL services become more widely used, Sezzle, Klarna, and their competitors may face increased scrutiny. But Klarna’s wider range of banking services also exposes it to additional regulatory risks, as well as competition from both established financial giants and fintech companies. Sezzle’s smaller scale and simpler business model may be an advantage for now.
STOCKHOLM--(BUSINESS WIRE)--Klarna, the global digital bank and flexible payments provider, has partnered with Arrive, a leading global mobility platform, to bring seamless and flexible payment options to millions of consumers across 15 markets. Through the partnership, drivers will be able to pay for parking using Klarna's Pay in Full, which will be available directly in Arrive's EasyPark app, ensuring payments can be made instantly. This provides consumers with more flexibility and control ov.
Klarna, the global digital bank and flexible payments provider, has partnered with Arrive, a leading global mobility platform, to bring seamless and flexible payment options to millions of consumers across 15 markets.
Through the partnership, drivers will be able to pay for parking using Klarna’s Pay in Full, which will be available directly in Arrive’s EasyPark app, ensuring payments can be made instantly. This provides consumers with more flexibility and control over their everyday spending, and builds on Klarna's growing presence in everyday spending and saving, where consumers increasingly use Klarna for recurring, low-friction purchases alongside savings products like Klarna Balance.
Arrive, formerly EasyPark Group, operates one of the world’s largest digital parking networks, facilitating high frequency payments across millions of spots in more than 20,000 cities and 90 countries. By providing the digital infrastructure that helps individuals and decision-makers make smarter urban travel choices, the company is uniquely positioned to become the leading software provider across every mode of transportation, including cars, trains and buses.
“Arrive is a leader in digital parking and a great example of the kind of everyday, high-frequency use case where Klarna adds value,” said Björn Bryngelson, Head of Nordics at Klarna. “By bringing Klarna to Arrive’s EasyPark app across 15 markets, we’re making parking payments simpler, more flexible, and easier to manage.”
Debbie Guerra, General Manager of Payments at Arrive, said of the partnerships, “The integration of Klarna ensures that the payment process for our EasyPark app users remains as effortless as the rest of the traveler's journey. By offering Klarna’s flexible and trusted user experience across its markets, Arrive reinforces its commitment to convenience, providing a seamless financial option that perfectly aligns with the high-frequency, everyday needs of its customers.”
The first markets are expected to go live already in Q2 2026, with a phased rollout to follow across Austria, Belgium, Czech Republic, Denmark, Finland, France, Germany, Italy, Netherlands, Norway, Poland, Portugal, Spain, Sweden and Switzerland. The parties are looking to expand the services into other countries after the initial rollout.
About Klarna
Klarna is a global digital bank and flexible payments provider. With over 118 million global active Klarna users and 3.4 million transactions per day, Klarna’s AI-powered payments and commerce network is empowering people to pay smarter with a mission to be available everywhere for everything. Consumers can pay with Klarna online, in-store and through Apple Pay & Google Pay. More than one million retailers trust Klarna’s innovative solutions to drive growth and loyalty, including Uber, H&M, Saks, Sephora, Macy’s, Ikea, Expedia Group, Nike and Airbnb. Klarna is listed on the New York Stock Exchange (NYSE: KLAR). For more information, visit Klarna.com.
About Arrive
Arrive is a leading global mobility platform with the mission to ease movement in cities. Through its family of brands, including EasyPark, Flowbird, RingGo, ParkMobile and Parkopedia, the company is present in more than 20,000 cities across 90 countries, helping people and decision-makers make smarter choices about urban travel. Arrive makes cities more livable through delivering core competencies such as autonomous vehicle management solutions, smart payments and optimizing parking solutions, to data-driven traffic reduction measures and refining public transport networks. For more information and news, visit arrive.com
About EasyPark, part of the global mobility platform Arrive
EasyPark, part of the global mobility platform Arrive, is the leading provider of smart parking and mobility solutions in Europe. Present in over 4,000 cities across more than 20 countries, EasyPark simplifies parking, charging and mobility worldwide. In close collaboration with cities, EasyPark is driving digitalization, using data-driven insights and smart solutions to make cities more livable. For Arrive news, visit arrive.com.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of applicable securities laws. These statements include, but are not limited to, statements regarding our future financial performance, business strategy, growth objectives, market opportunities, operational plans, including the implementation of peer-to-peer payments, the timing of their availability to our consumers and their anticipated features and benefits. Words such as “believe,” “expect,” “anticipate,” “intend,” “plan,” “will,” “may,” “could,” “estimate,” and similar expressions identify forward-looking statements.
These forward-looking statements are subject to risks, uncertainties, and assumptions that could cause actual results to differ materially from those expressed or implied, including risks related to:
Our ability to retain and grow consumer and merchant relationships; Competition and technological developments; Regulatory compliance and licensing requirements; Our ability to achieve expected benefits from our funding arrangements; Credit risk management and funding availability; General economic conditions and market volatility; and Our ability to expand into new markets and products. Forward-looking statements reflect our views as of the date of this release and are based on information currently available to us. We undertake no obligation to update any forward-looking statements, except as required by law. Actual results may differ materially from those anticipated. Investors should not place undue reliance on these forward-looking statements and should review the risk factors in our filings with the SEC for a more complete discussion of risks.
Category: Partnership News
View source version on businesswire.com: https://www.businesswire.com/news/home/20260528404780/en/
Flexible payments provider Klarna has launched a partnership with mobility platform Arrive.
The collaboration, announced Thursday (May 28), lets drivers pay for parking with Klarna’s Pay in Full, which will be available in Arrive’s EasyPark app, allowing for instant payments.
“This provides consumers with more flexibility and control over their everyday spending, and builds on Klarna’s growing presence in everyday spending and saving, where consumers increasingly use Klarna for recurring, low-friction purchases alongside savings products like Klarna Balance,” the companies said in a news release.
Formerly known as EasyPark, Arrive’s parking network encompasses millions of spots in more than 20,000 cities and 90 countries, and aims to become the leading software provider for “every mode of transportation,” including cars, buses and trains, according to the release.
“The integration of Klarna ensures that the payment process for our EasyPark app users remains as effortless as the rest of the traveler’s journey,” Debbie Guerra, general manager of payments at Arrive, said in the announcement.
“By offering Klarna’s flexible and trusted user experience across its markets, Arrive reinforces its commitment to convenience, providing a seamless financial option that perfectly aligns with the high-frequency, everyday needs of its customers.”
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The first markets are expected to go live during the second quarter of the year, with a phased launch scheduled in Austria, Belgium, Czech Republic, Denmark, Finland, France, Germany, Italy, Netherlands, Norway, Poland, Portugal, Spain, Sweden and Switzerland. The companies say they hope to expand the services into additional countries after the initial rollout.
The partnership comes as consumers increasingly turn to digital wallets to make payments, especially higher-stress consumers.
Research by PYMNTS Intelligence shows that 28% of these consumers used digital wallets for their last retail purchase, versus 11% of low-stress consumers. The same pattern shows up in grocery purchases, with 21% of high-stress consumers using digital wallets, compared with 8% of low-stress consumers.
The report, “The New Checkout: Crimped Consumers Lean Into Online Retail and Digital Wallets,” suggests that wallets may be seeing more traction as they provide access to buy now, pay later options, spending visibility and bank-like features.
“Consumers are not only looking for cheaper options,” PYMNTS wrote. “They are looking for more control. Digital wallets can put payment choice, short-term financing, transaction history and budgeting tools in one place.”
In other Klarna news, the company last week introduced the Klarna Shopping Search app in ChatGPT, letting consumers search for products, compare prices, see availability and compare offers from multiple retailers without leaving the AI chat experience.
When Klarna rang the opening bell on the New York Stock Exchange on September 10, 2025, its shares opened at 52, a 30% jump on the 40 IPO price set the night before. The stock now trades below that $40 mark.
As the buy now, pay later market matures, 2026 presents a crossroad for investors choosing between Affirm (AFRM 0.55%) and Klarna Group (KLAR 0.57%). Which of these digital payment leaders offers the better opportunity?
Affirm has built its reputation on transparent lending for significant purchases in the United States. Klarna has evolved into a global retail bank with a massive international footprint across 26 countries. Both are vying to replace traditional credit cards by offering flexible payment terms at checkout.
The case for AffirmAffirm operates a specialized payment network that emphasizes interest-free and simple interest loans for consumer purchases. It has secured a prominent position among tech stocks by partnering with massive retail platforms. The company relies on key commercial partners, such as Amazon and Shopify, to drive transaction volume.
Customer concentration like this adds a layer of risk to the business. If these retail giants were to shift their preferences, Affirm could see a significant drop in activity. However, the company continues to expand its reach with nearly 377,000 active merchants currently using its proprietary underwriting tools.
In FY 2025, revenue reached approximately $3.2 billion, up roughly 38.8% year over year. The company reported net income of close to $52.2 million during this period. The net margin, the percentage of revenue retained as profit, stood at nearly 1.6%.
As of its June 2025 balance sheet, the current ratio was roughly 54.2x. This current ratio measures the company's ability to cover its short-term obligations with short-term assets. The debt-to-equity ratio, comparing total debt to shareholder equity, was approximately 2.6x.
Free cash flow for the fiscal year was nearly $601.7 million. Free cash flow is the cash a company generates after accounting for capital expenditures. Note that stock-based compensation represented roughly 40.5% of operating cash flow, which inflates reported cash generation since SBC is a non-cash expense added back in the cash flow statement.
The case for KlarnaKlarna has successfully transitioned from a simple payment provider into a global digital bank. Its platform currently serves roughly 118 million active consumers and works with nearly 966,000 merchants worldwide. The company has secured partnerships with diverse global brands including Uber, Nike, and Airbnb.
By offering a suite of banking and shopping tools, Klarna aims to be the primary financial app for its users. This strategy focuses on high-frequency, smaller transactions compared to Affirm's focus on larger purchases. The global reach allows Klarna to diversify its revenue across different geographic economies.
In FY 2025, Klarna generated revenue of approximately $3.5 billion, which was an increase of about 31.6% from the prior year. Despite the growth, the company reported a net loss of roughly $294.0 million. This resulted in a net margin of close to -8.4% for the fiscal year.
As of the December 2025 balance sheet, Klarna maintained a debt-to-equity ratio of approximately 0.5x. The current ratio, which compares short-term assets to short-term liabilities, was roughly 1.0x. These figures suggest a different capital structure than its primary American competitor.
Free cash flow was negative for the period, totaling approximately -$1.0 billion. Negative free cash flow indicates the company is spending more on operations and capital investments than it is bringing in from customers. This often happens when a company is prioritizing aggressive international expansion over immediate cash preservation.
Risk profile comparisonAffirm faces significant risks regarding its reliance on a small number of originating bank partners like Celtic Bank. If these partnerships were to end, the company might struggle to fund its loans. Furthermore, Affirm must navigate intense competition from legacy credit card issuers and other fintech firms like PayPal (PYPL 0.18%).
Klarna operates in a highly regulated global banking environment which carries risks of legal and compliance changes. The company also faces massive competition from deep-pocketed tech giants like Apple (AAPL 0.29%) and Alphabet (GOOG 2.09%)(GOOGL 2.14%). Both of these competitors have integrated payment solutions that are already installed on billions of mobile devices worldwide.
Valuation comparisonAffirm appears to have a more attractive valuation based on earnings estimates, while Klarna trades at a lower multiple of its total annual sales.
MetricAffirmKlarnaSector BenchmarkForward P/E58.8x89.2x40.4xP/S ratio7.6x2.0xSector benchmark uses the SPDR XLK sector ETF.
Valuation metrics sourced from Financial Modeling Prep (FMP) and may differ from other data providers.
Affirm and Klarna are in the same business: a short-term financing model known as buy now, pay later (BNPL). Both have built a massive network of merchants and brands and continue to grow. But they operate a little differently, and for investors, they offer different opportunities.
Affirm partners with huge, well-known companies such as Amazon, Apple, Shopify, and Costco. It’s the BNPL of choice for larger purchases and offers the added benefit of not charging late fees. It also allows for longer-term financing, from one month to five years. Recently, it hit an important milestone, achieving generally accepted accounting principles (GAAP) profitability.
Klarna, on the other hand, serves over 100 million customers worldwide. It focuses on customers who make smaller e-commerce purchases, and its transaction volume is much higher than Affirm's. It has been investing in AI to improve its efficiency and reduce costs. But lower consumer spending on discretionary items and delinquent payments have raised concerns for investors.
Both companies have benefits and drawbacks. I don't think Klarna is a bad investment, but I would choose Affirm. Its partnerships with large, well-known companies that are less sensitive to economic downturns give it a better foundation.
STOCKHOLM--(BUSINESS WIRE)--Klarna Group plc (NYSE: KLAR) wishes to update investors that the Patent and Market Court in Stockholm, Sweden (Patent- och marknadsdomstolen) has postponed publication of its judgment in the antitrust damages proceedings brought by PriceRunner, a Klarna subsidiary, against Google.
The Court has rescheduled publication of its judgment from 10 June to 26 June, 2026 at 11:00 CET.
Important Notice
The outcome of the proceedings is inherently uncertain. No assurance can be given that PriceRunner will succeed on liability or quantum. Any award would be subject to appeal by Google, to sharing arrangements with former PriceRunner shareholders and Klarna’s litigation funder, and to applicable taxation. The dollar amount of the claim should not be taken as an indication of any likely recovery. This announcement does not constitute a profit forecast.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of applicable securities laws. These statements include, but are not limited to, statements regarding our future financial performance, business strategy, growth objectives, market opportunities, operational plans, including the outcome of legal cases. Words such as "believe," "expect," "anticipate," "intend," "plan," "will," "may," "could," "estimate," and similar expressions identify forward-looking statements.
These forward-looking statements are subject to risks, uncertainties, and assumptions that could cause actual results to differ materially from those expressed or implied, including risks related to:
Our ability to retain and grow consumer and merchant relationships; Competition and technological developments; Regulatory compliance and licensing requirements; Our ability to achieve expected benefits from our funding arrangements; Credit risk management and funding availability; General economic conditions and market volatility; and Our ability to expand into new markets and products. Forward-looking statements reflect our views as of the date of this release and are based on information currently available to us. We undertake no obligation to update any forward-looking statements, except as required by law. Actual results may differ materially from those anticipated. Investors should not place undue reliance on these forward-looking statements and should review the risk factors in our filings with the SEC for a more complete discussion of risks.
About Klarna
Klarna is a global digital bank and flexible payments provider. With over 119 million global active Klarna users and 3.4 million transactions per day, Klarna’s AI-powered payments and commerce network is empowering people to pay smarter with a mission to be available everywhere for everything. Consumers can pay with Klarna online, in-store and through Apple Pay & Google Pay. More than 1 million retailers trust Klarna’s innovative solutions to drive growth and loyalty, including Uber, H&M, Saks, Sephora, Macy’s, Ikea, Expedia Group, Nike and Airbnb. Klarna is listed on the New York Stock Exchange (NYSE: KLAR). For more information, visit Klarna.com.
Klarna Group plc (NYSE: KLAR) wishes to update investors that the Patent and Market Court in Stockholm, Sweden (Patent- och marknadsdomstolen) has postponed publication of its judgment in the antitrust damages proceedings brought by PriceRunner, a Klarna subsidiary, against Google.
The Court has rescheduled publication of its judgment from 10 June to 26 June, 2026 at 11:00 CET.
Important Notice
The outcome of the proceedings is inherently uncertain. No assurance can be given that PriceRunner will succeed on liability or quantum. Any award would be subject to appeal by Google, to sharing arrangements with former PriceRunner shareholders and Klarna’s litigation funder, and to applicable taxation. The dollar amount of the claim should not be taken as an indication of any likely recovery. This announcement does not constitute a profit forecast.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of applicable securities laws. These statements include, but are not limited to, statements regarding our future financial performance, business strategy, growth objectives, market opportunities, operational plans, including the outcome of legal cases. Words such as "believe," "expect," "anticipate," "intend," "plan," "will," "may," "could," "estimate," and similar expressions identify forward-looking statements.
These forward-looking statements are subject to risks, uncertainties, and assumptions that could cause actual results to differ materially from those expressed or implied, including risks related to:
Our ability to retain and grow consumer and merchant relationships; Competition and technological developments; Regulatory compliance and licensing requirements; Our ability to achieve expected benefits from our funding arrangements; Credit risk management and funding availability; General economic conditions and market volatility; and Our ability to expand into new markets and products. Forward-looking statements reflect our views as of the date of this release and are based on information currently available to us. We undertake no obligation to update any forward-looking statements, except as required by law. Actual results may differ materially from those anticipated. Investors should not place undue reliance on these forward-looking statements and should review the risk factors in our filings with the SEC for a more complete discussion of risks.
About Klarna
Klarna is a global digital bank and flexible payments provider. With over 119 million global active Klarna users and 3.4 million transactions per day, Klarna’s AI-powered payments and commerce network is empowering people to pay smarter with a mission to be available everywhere for everything. Consumers can pay with Klarna online, in-store and through Apple Pay & Google Pay. More than 1 million retailers trust Klarna’s innovative solutions to drive growth and loyalty, including Uber, H&M, Saks, Sephora, Macy’s, Ikea, Expedia Group, Nike and Airbnb. Klarna is listed on the New York Stock Exchange (NYSE: KLAR). For more information, visit Klarna.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260603492570/en/
NEW YORK--(BUSINESS WIRE)--Klarna, the global digital bank and flexible payments provider, today announced a partnership with Ulta Beauty, the largest specialty beauty retailer in the U.S., to bring flexible payments to millions of U.S. customers shopping on Ulta.com or through the Ulta Beauty app.
Ulta Beauty shoppers can now enjoy more flexibility when shopping for the beauty products they love, with Klarna payment options at checkout - pay in full, split purchases into four interest-free installments, or choose longer-term financing for larger purchases.
"Ulta Beauty is where millions of Americans turn for everything beauty and wellness has to offer, from emerging to established brands across all price points," said David Sykes, chief commercial officer at Klarna. "Whether a guest is checking out on Ulta.com or tapping through the Ulta Beauty app, they now have the power to pay in full, split their purchase into four interest-free installments, or select financing, giving them the freedom to choose what works best."
“Our digital channels play an increasingly important role in how guests discover, explore and shop beauty,” said Jodi Williams, vice president of ecommerce at Ulta Beauty. “Partnering with Klarna allows us to enhance that experience with more payment flexibility at checkout, supporting a seamless journey that gives guests more control over how they shop Ulta Beauty online and in our app.”
About Klarna
Klarna is a global digital bank and flexible payments provider. With over 119 million global active Klarna users and 3.4 million transactions per day, Klarna’s AI-powered payments and commerce network is empowering people to pay smarter with a mission to be available everywhere for everything. Consumers can pay with Klarna online, in-store and through Apple Pay & Google Pay. More than one million retailers trust Klarna’s innovative solutions to drive growth and loyalty, including Uber, H&M, Saks, Sephora, Macy’s, Ikea, Expedia Group, Nike and Airbnb. Klarna is listed on the New York Stock Exchange (NYSE: KLAR). For more information, visit Klarna.com.
Klarna, the global digital bank and flexible payments provider, today announced a partnership with Ulta Beauty, the largest specialty beauty retailer in the U.S., to bring flexible payments to millions of U.S. customers shopping on Ulta.com or through the Ulta Beauty app.
Ulta Beauty shoppers can now enjoy more flexibility when shopping for the beauty products they love, with Klarna payment options at checkout - pay in full, split purchases into four interest-free installments, or choose longer-term financing for larger purchases.
"Ulta Beauty is where millions of Americans turn for everything beauty and wellness has to offer, from emerging to established brands across all price points," said David Sykes, chief commercial officer at Klarna. "Whether a guest is checking out on Ulta.com or tapping through the Ulta Beauty app, they now have the power to pay in full, split their purchase into four interest-free installments, or select financing, giving them the freedom to choose what works best."
“Our digital channels play an increasingly important role in how guests discover, explore and shop beauty,” said Jodi Williams, vice president of ecommerce at Ulta Beauty. “Partnering with Klarna allows us to enhance that experience with more payment flexibility at checkout, supporting a seamless journey that gives guests more control over how they shop Ulta Beauty online and in our app.”
About Klarna
Klarna is a global digital bank and flexible payments provider. With over 119 million global active Klarna users and 3.4 million transactions per day, Klarna’s AI-powered payments and commerce network is empowering people to pay smarter with a mission to be available everywhere for everything. Consumers can pay with Klarna online, in-store and through Apple Pay & Google Pay. More than one million retailers trust Klarna’s innovative solutions to drive growth and loyalty, including Uber, H&M, Saks, Sephora, Macy’s, Ikea, Expedia Group, Nike and Airbnb. Klarna is listed on the New York Stock Exchange (NYSE: KLAR). For more information, visit Klarna.com.
Category: Partnerships
View source version on businesswire.com: https://www.businesswire.com/news/home/20260603202916/en/
Shares of Klarna (KLAR - Free Report) have gained 22.3% over the past four weeks to close the last trading session at $17.52, but there could still be a solid upside left in the stock if short-term price targets of Wall Street analysts are any indication. Going by the price targets, the mean estimate of $22 indicates a potential upside of 25.6%.
The mean estimate comprises 15 short-term price targets with a standard deviation of $7.2. While the lowest estimate of $17.00 indicates a 3% decline from the current price level, the most optimistic analyst expects the stock to surge 162.6% to reach $46.00. It's very important to note the standard deviation here, as it helps understand the variability of the estimates. The smaller the standard deviation, the greater the agreement among analysts.
While the consensus price target is a much-coveted metric for investors, solely banking on this metric to make an investment decision may not be wise at all. That's because the ability and unbiasedness of analysts in setting price targets have long been questionable.
But, for KLAR, an impressive average price target is not the only indicator of a potential upside. Strong agreement among analysts about the company's ability to report better earnings than they predicted earlier strengthens this view. While a positive trend in earnings estimate revisions doesn't gauge how much a stock could gain, it has proven to be powerful in predicting an upside.
Price, Consensus and EPS Surprise
Here's What You May Not Know About Analysts' Price TargetsAccording to researchers at several universities across the globe, a price target is one of many pieces of information about a stock that misleads investors far more often than it guides. In fact, empirical research shows that price targets set by several analysts, irrespective of the extent of agreement, rarely indicate where the price of a stock could actually be heading.
While Wall Street analysts have deep knowledge of a company's fundamentals and the sensitivity of its business to economic and industry issues, many of them tend to set overly optimistic price targets. Are you wondering why?
They usually do that to drum up interest in shares of companies that their firms either have existing business relationships with or are looking to be associated with. In other words, business incentives of firms covering a stock often result in inflated price targets set by analysts.
However, a tight clustering of price targets, which is represented by a low standard deviation, indicates that analysts have a high degree of agreement about the direction and magnitude of a stock's price movement. While that doesn't necessarily mean the stock will hit the average price target, it could be a good starting point for further research aimed at identifying the potential fundamental driving forces.
That said, while investors should not entirely ignore price targets, making an investment decision solely based on them could lead to disappointing ROI. So, price targets should always be treated with a high degree of skepticism.
Why KLAR Could Witness a Solid UpsideAnalysts' growing optimism over the company's earnings prospects, as indicated by strong agreement among them in revising EPS estimates higher, could be a legitimate reason to expect an upside in the stock. That's because empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
For the current year, four estimates have moved higher over the last 30 days compared to no negative revision. As a result, the Zacks Consensus Estimate has increased 133%.
Moreover, KLAR currently has a Zacks Rank #2 (Buy), which means it is in the top 20% of more than 4,000 stocks that we rank based on four factors related to earnings estimates. Given an impressive externally-audited track record, this is a more conclusive indication of the stock's potential upside in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
Therefore, while the consensus price target may not be a reliable indicator of how much KLAR could gain, the direction of price movement it implies does appear to be a good guide.
Klarna has launched a new security measure designed to protect its customers from impersonation scams.
The company has added to its app a Klarna Inbox that mirrors all official communications from the company to the customer, including emails, SMS, push notifications and physical letters, it said in a Thursday (June 4) press release emailed to PYMNTS.
If the customer receives a message anywhere that claims to be from Klarna, they can verify it with the Klarna Inbox. If there’s not a copy of the message in there, the message is not from Klarna, according to the release.
The Klarna Inbox is now live in the Klarna app in all markets, per the release.
“Financial fraud hurts real people every day, and we’re not going to stand by while scammers impersonate us to steal from our customers,” Klarna Chief Product and Design Officer David Fock said in the release. “Our new inbox gives people a simple way to know what’s actually from Klarna. If you’re unsure about a message, just check the app. If it’s not there, it’s not from us.”
The Federal Trade Commission (FTC) said in April 2025 that impersonation scams cost Americans $2.95 billion in 2024. The agency added that scams in which criminals impersonate businesses and government offices are consistently one of the top frauds reported by consumers.
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The PYMNTS Intelligence report “Financial Scams and Consumer Trust” found that 81% of successful scams are impersonation scams in which fraudsters pretend to be trusted authorities, friendly strangers or personal contacts.
Klarna said in its Thursday press release that impersonation scams in which fraudsters pose as a trusted brand are one of the fastest-growing threats facing consumers.
“A fake message claiming to be from a bank, retailer or payments provider becomes the entry point to a customer’s wider financial life,” Klarna said. “Spotting these fake messages is harder than ever.”
Google introduced a feature designed to fight impersonation scams Tuesday (June 2). The company’s fake-call detection feature can identify phone calls that may be from a scammer trying to impersonate one of the recipient’s contacts. It then delivers a warning to the call recipient and suggests that they hang up.
NEW YORK--(BUSINESS WIRE)--Klarna, the global digital bank and flexible payments provider, today announced the launch of Klarna Savings accounts in the U.S. - FDIC-insured accounts with no minimum deposit, no monthly fees, direct deposit, and interest rates above 3% APY¹, available directly in the Klarna app and provided and held by WebBank, member FDIC. Klarna already sits at the center of everyday spending for tens of millions of Americans, with a proven track record. Savings is a natural nex.
Klarna has expanded its financial services offering in the United States by adding a high-yield savings account to its app.
The new-to-the-U.S. Klarna Savings accounts are FDIC insured, have no minimum deposit and no monthly fees, enable direct deposit, and currently provide interest rates above 3% APY, the company said in a Tuesday (June 9) press release emailed to PYMNTS.
The savings accounts are provided and held by WebBank, member FDIC, according to the release.
Klarna Savings accounts also features built-in tools such as round-ups, scheduled transfers and savings goals, per the release.
“The average American earns less than half a percent on their savings, not because better options don’t exist, but because their bank hasn’t had to compete,” Klarna Co-Founder and CEO Sebastian Siemiatkowski said in the release. “Klarna is already where millions of Americans manage their everyday spending. Now it’s where they save too.”
Klarna Savings is already available in Europe, where the company has accepted over $12.3 billion in deposits across 11 markets, according to the release.
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PYMNTS reported in May that deposits, debit usage and point-of-sale financing increasingly are a part of Klarna’s growth story.
Siemiatkowski said during a May earnings call that the company’s broader engagement push is feeding its banking and deposit operations. Ninety-one percent of Klarna’s funding base now comes from consumer deposits with an average duration of 270 days, he said.
“Everyday spend feeds the deposits. Deposits fund the originations,” Siemiatkowski said.
Klarna said in March that its Klarna Card reached the milestone of 5 million customers as consumers seek more control over their money. The card draws from customers’ funds for day-to-day spending and gives them the option to spread the cost of specific purchases on things like travel or major appliances, without having to deal with long-term debt obligations.
“[Consumers are] voting with their wallets and looking for the control and flexibility in a single card,” Klarna Chief Marketing Officer David Sandström said at the time in a press release. “Unlike traditional banks, Klarna gives people the choice to pay now, or pay over time: the right tool for each situation.”
Gold prices are showing increased volatility, prompting renewed investor focus on cost discipline and margin resilience across the mining sector, according to analysts at Jefferies.
The price of gold fell more than 3% to trade just abot $4,400 per ounce on Monday.
The firm noted that bullion has pulled back significantly from earlier highs, with prices now up only about 1.4% year-to-date after gains of roughly 20% in January. At the same time, gold equities have lagged, with the GDX ETF down around 3.5%.
“This recent pullback in gold prices has brought operating margins back to the forefront for investors,” the analysts wrote, particularly after a period in which elevated prices had masked underlying cost pressures.
As prices ease, producers are facing greater scrutiny over their ability to sustain profitability. “Lower spot prices pressure top-line, making cost discipline the key differentiator among producers,” Jefferies wrote, adding that margin preservation is likely to outweigh production growth as the main driver of relative performance in the near term.
The shift comes after a period of rising cost guidance across the industry, driven by factors such as inflation, higher royalties and share-based compensation. While these increases were largely overlooked during the price rally, Jefferies said that dynamic is now reversing.
“At current levels, operating leverage is again working in reverse, exposing differences in underlying cost structures and balance sheet flexibility across the sector,” the frim wrote.
Higher-cost producers are particularly vulnerable in the current environment, given the relatively fixed nature of sustaining capital, labour and site-level overhead expenses. Although cost inflation has moderated from peak levels, risks remain. Jefferies pointed to the potential for renewed pressure “the longer the Iran war persists,” warning that elevated absolute costs leave thinner buffers if prices weaken further.
Against this backdrop, the firm highlighted several miners it believes are better positioned to maintain margins at current spot prices of around $4,350 per ounce, including Dundee Precious Metals Inc (TSX:DPM), Lundin Gold (TSX:LUG), Kinross Gold Corporation (TSX:K) and Pan American Silver Corp. (TSX:PAA, NASDAQ:PAAS).
Jefferies noted the differences between traditional miners and streaming and royalty companies, which it said are structurally less sensitive to price swings. “Unlike miners, streamers and royalty companies typically operate with largely fixed cash cost structures, with minimal exposure to operating or sustaining capital inflation,” the analysts wrote. This allows such companies to “preserve margin and cash flow more effectively than most producers” during periods of declining or volatile gold prices.
While these companies may sacrifice some upside in a rising price environment, Jefferies said their defensive characteristics become more valuable when prices reset lower and margin risk returns to focus. As such, the firm maintained ‘Buy’ ratings on Wheaton Precious Metals Corp (LSE:WPM, TSX:WPM, NYSE:WPM), Royal Gold, Inc. (TSX:RGL) and Triple Flag Precious Metals (TSX:TFPM).
4:15pm: Broad market rally Stocks rallied to close higher on Monday, as easing geopolitical tensions and a sharp drop in oil prices lifted investor sentiment across the board.
The Dow Jones Industrial Average rose 631 points, or 1.4%, to 46,208, while the S&P 500 gained 1.2% to finish at 6,581. The tech-heavy Nasdaq Composite climbed 1.4% to 21,947, and the small-cap Russell 2000 outperformed with a 2.3% jump.
Markets got a boost after Donald Trump said he would postpone planned military strikes on Iran’s energy infrastructure following what he described as “very good and productive” talks with Tehran. The comments helped calm fears that had escalated over the weekend, when Trump warned of potential action if the Strait of Hormuz remained closed.
Oil prices tumbled roughly 10% on the prospect of de-escalation and a possible reopening of the critical shipping route, removing a key overhang for equities. Trump later added that the Strait could reopen soon “if this works,” referring to ongoing negotiations.
Meanwhile, Bitcoin rallied about 3% to hover near $71,000, tracking the broader risk-on mood.
There were no major earnings reports after the close, but investors are gearing up for a busy stretch ahead, with results due later this week from GameStop, PDD Holdings, Paychex, Chewy, and Carnival Corporation.
3:45pm: Proactive news headlines Algernon Health (CSE:AGN, OTCQB:AGNPF, FRA:AGW0) plans to open its first US brain-focused PET imaging clinic in Florida as a flagship site for a broader nationwide expansion strategy. Graphene Manufacturing Group Ltd (TSX-V:GMG, OTCQX:GMGMF) has launched European sales operations and strengthened its IP portfolio to support regional commercial expansion. Zenith Energy Ltd (LSE:ZEN, TSX-V:ZEE) shares rose after announcing a fully financed 7 MW solar project in southern Italy set to begin construction in July 2026. Empire Metals Ltd (AIM:EEE, OTCQX:EPMLF) highlighted a major milestone at its Pitfield project with a large maiden titanium resource and plans to focus on advancing toward production. Caledonia Mining Corporation PLC (AIM:CMCL, NYSE-A:CMCL, VFEX:CMCL) reported a sharp rise in annual profit driven primarily by higher gold prices despite only modest increases in production. 2:45pm: Market movers Palantir Technologies’ Maven Smart System has been designated a US Department of Defense “program of record,” securing long-term funding and broader military deployment of its AI platform. Nvidia is partnering with Emerald AI and major US energy firms to develop “AI factories” that integrate data center infrastructure with power grids to speed deployment and enhance grid reliability. Insmed shares rose after reporting positive Phase 3b trial results for ARIKAYCE in treating Mycobacterium avium complex lung infection. Synopsys activist investor Elliott has built a multibillion-dollar stake and plans to push for improved monetization of its software and services portfolio. 1:30pm: Oil pullback boosts stocks Consumer, transport and industrial sectors could see a sharp rebound if oil prices retreat, according to Nigel Green, as markets react to signs of easing geopolitical tensions.
The CEO of deVere Group said improving prospects for a diplomatic breakthrough between the U.S. and Iran—signaled by comments from Donald Trump—have already triggered volatility in energy markets. Crude prices, which surged above $110 a barrel amid threats to supply routes, have shown sensitivity to any signs of de-escalation.
“Oil has been the dominant macro driver of the past few weeks," Green commented. "It has pushed inflation expectations higher, weighed on equities, and tightened financial conditions. If that pressure begins to ease, the rebound in certain parts of the market could be swift and powerful.”
He noted that transport, consumer and industrial sectors stand to benefit most from lower energy costs, though warned that geopolitical uncertainty continues to drive sharp market swings.
12:10pm: Sigh of relief "Stock markets breathe a sigh of relief as US President Trump announces a five-day moratorium on planned strikes on Iranian power plants and energy infrastructure", says Axel Rudolph, Chief Technical Analyst at investing and trading platform IG.
"A Truth Social post by US President Trump citing "very good and productive" discussions between the US and Iran - refuted by Iran's foreign minister - and a five-day halt on planned strikes on Iranian power plants and energy infrastructure provoked a volte face in the oil price, yields, the greenback, precious metals and stock indices. An around 10% fall in the oil price led to a drop in yields, a softer US dollar and a sharp recovery in stock markets."
11:00am: Week ahead Wall Street heads into the new week with oil driving the narrative, and everything else is reacting to it.
Crude prices are expected to remain the dominant force, as investors watch developments in the Middle East, particularly around the Strait of Hormuz and the risk of further supply disruptions. With Brent already pushing above $113 a barrel, the stakes for markets are rising quickly.
“The oil price continues to set the tone for financial markets,” said Kathleen Brooks, warning that escalating tensions could make this a “pivotal week” for both geopolitics and asset prices.
Analysts say the implications go well beyond oil. A prolonged supply shock, especially with LNG exports from Qatar already disrupted, could ripple through global growth, inflation, and corporate earnings expectations.
Against this backdrop, Federal Reserve commentary could carry extra weight. Policymakers including Vice Chair Michael Barr and San Francisco Fed President Mary Daly are scheduled to speak, with investors listening closely for any shift in tone.
The economic calendar is relatively quiet, but not irrelevant. On the corporate side, earnings from companies like GameStop, PDD Holdings, Paychex, Chewy, and Carnival Corporation could generate stock-specific moves.
10:00am: Nasdaq opens higher, travel and tech names in lead US stocks opened sharply higher, with the Dow Jones up 1.8%, the S&P 500 gaining 1.7% and the Nasdaq rising 2.0% in early trade.
Gains were led by travel and tech names, with Norwegian Cruise Line up 6.4%, Carnival gaining 6.0% and Royal Caribbean rising 5.1%, while Palantir climbed 5.3% and Ciena added 5.4%.
A newswire report suggested Palantir’s Maven system has been designated a “program of record” by the US Department of Defense, marking a shift from earlier pilot programs and short-term contracts to a standardized capability expected to be deployed across the US armed forces.
8.15am: Dow and Nasdaq set to start higher on Trump Iran talks claim Wall Street stocks are expected to start the week sharply higher after President Donald Trump claimed the US and Iran had held productive talks toward ending the conflict in the Middle East, even as Tehran flatly denied any contact had taken place.
Dow Jones futures were up 1.6%, S&P 500 futures gained 1.5% and Nasdaq futures 1.45%, reversing out of the red into the green after Trump's posted on Truth Social that he had instructed the Department of War to "postpone any and all military strikes against Iranian power plants and energy infrastructure for a five day period, subject to the success of the ongoing meetings and discussions".
Trump said the discussions, which he described as "in depth, detailed, and constructive," would continue throughout the week.
Iran's Fars news agency quoted an unnamed official source saying there had been "no direct or indirect contact" with the US.
The source said Trump “backed down” after hearing Iran would target power plants in “West Asia”.
Reports from Axios suggested diplomatic backchannels were active between the US and Iran, with Turkey, Egypt and Pakistan helping pass messages.
Trump told Fox News that he believed a deal could come “in five days or sooner” following talks held “last night” with senior counterparts, offering tentative signs of potential de-escalation.
WTI crude oil prices fell to under $90 a barrel, having topped $101 early on Monday trading before plunging after Trump's post.
This prompted scepticism from analysts who revived the TACO acronym – Trump Always Chickens Out – suggesting the president moved to de-escalate after seeing markets in freefall.
"It's incredibly difficult to trade these markets when Trump is swinging between massive escalation and declaring peace/victory," said Neil Wilson at Saxo, "but the market is happy for now that we do not enter a new phase of danger."
Daniela Hathorn at Capital.com said the latest market moves "perfectly capture just how fragile and headline-driven this environment has become".
The swift denial from Iran, she added, "underscores the core issue: markets are trading narrative, not certainty.
"The initial move reflects positioning with investors heavily hedged for escalation quickly pivoted toward relief, triggering a violent unwind. But the fact that the move was partially reversed highlights how little conviction there is in any single outcome. This is not a market that believes a resolution is imminent; it is a market reacting to any sign of an off-ramp, however fragile."
Gold prices pared earlier losses as the dollar weakened against major currencies, after the DXY index rose above 100 before the Trump post.
Bond markets also whipsawed violently, with the US 10-year Treasury yield having climbed to above 4.42%, the highest since last July, before dropping to 4.358%.
Lundin Gold (TSX:LUG) has been given a ‘Buy’ rating and C$103 price target by Bank of America in its initial coverage, with analysts highlighting the company’s high-margin production profile, strong free cash flow generation and exploration upside at its flagship Fruta del Norte (FDN) mine in Ecuador.
Shares of Lundin traded up more than 5% at C$91 on Friday afternoon.
The analysts wrote in a note that Lundin Gold’s valuation premium is supported by what it described as a combination of “track record, returns and optionality,” highlighting stable annual free cash flow potential of about $1 billion at current gold prices and additional upside from exploration programs that UBS believes are not fully reflected in the stock.
UBS noted that FDN is considered a world-class underground gold asset with high grades, consistent operational execution and a long mine life supported by inventory growth. Lundin Gold’s three-year production guidance of 475,000 to 525,000 ounces annually could prove conservative, with potential upside tied to plant optimization initiatives, the firm added.
The bank also pointed to all-in sustaining costs below $1,200 per ounce, which it said support strong operating margins even in a more range-bound gold price environment.
While Lundin Gold remains a single-asset producer, UBS wrote that investors may be underestimating the value of ongoing exploration efforts around FDN and within a broader copper-gold porphyry corridor. The firm highlighted that approximately 3 million ounces of depletion since 2016 have been offset by roughly 4 million ounces of additions through exploration.
UBS wrote that exploration activity has accelerated significantly, including a planned 133-kilometre drilling program in 2026. According to the bank, the exploration work could support higher processing throughput at FDN, mine life extensions and potential grade improvements relative to current technical assumptions.
The bank’s analysts also outlined longer-term potential tied to regional copper-gold discoveries, estimating that nearby porphyry targets could represent billions of dollars in value under certain development scenarios.
Lundin Gold has delivered growing free cash flow since 2021 through consistent execution and currently maintains more than $700 million in net cash, allowing for continued shareholder returns and potential expansion investments, it added.
Lundin Gold shares have also underperformed the VanEck Gold Miners ETF (GDX) by roughly 40% over the past year as investors shifted toward higher-beta gold equities. UBS sees a more attractive risk-reward profile for the company if investor focus begins shifting from operational execution toward growth and exploration potential.
Issued on behalf of Salazar Resources Limited (TSXV: SRL)
, /PRNewswire/ -- USA News Group News Commentary — In mineral exploration, two things rarely show up on the same property: the bulk-tonnage scale of a copper porphyry, and the eye-popping per-tonne grades of a high-grade gold vein. One is a long-life, low-grade engine; the other is a smaller, richer prize. Salazar Resources Limited (TSXV: SRL) (OTCQB: SRLZF) (FSE: CCG) has just reported results suggesting it may have both on a single, wholly owned concession in one of the world's most prolific copper-gold belts.
On June 1, 2026, Salazar reported rock-chip sampling of up to 100 grams per tonne (g/t) gold and 1,000 g/t silver from the Yumi vein system at its 100%-owned Tarqui Concession in southeastern Ecuador — high-grade precious-metals results sitting right alongside a large, district-scale copper-molybdenum porphyry that was previously drilled under an earn-in by mining giant BHP. It is the kind of combination that gives a junior two distinct ways to win on one piece of ground.
The high-grade headline: Yumi
The numbers that grab attention come from the Yumi gold-silver epithermal vein system, where Salazar's own recent rock-chip sampling returned exceptional grades. One sample assayed 80.9 g/t gold and 824 g/t silver; a second came back at greater than 100 g/t gold and greater than 1,000 g/t silver, with over-limit analysis still pending — meaning the true values could be even higher once the lab re-runs them at a wider range. Beyond those two standouts, 13 additional samples returned between 1.0 and 17.9 g/t gold across a vein system roughly 100 metres in length.
Two caveats matter and Salazar discloses them plainly. First, these are rock-chip and grab samples taken at surface, which are selective by nature and are not necessarily representative of the grade of any mineralization at depth — they point to potential, not to a resource. Second, the highest result is an over-limit pending value, not a confirmed assay. What the sampling does establish is that a high-grade epithermal system is present and worth drilling. The company notes the mineralization is consistent with low- to intermediate-sulfidation epithermal systems similar to Lundin Gold's Fruta del Norte deposit, located about 48 kilometres to the south — a useful geological analogue, not a statement of equivalence.
The bulk-tonnage engine: a BHP-drilled porphyry
Underpinning the gold story is the larger copper-molybdenum porphyry system at Tarqui, defined by a 1.8-kilometre by 1.0-kilometre copper-molybdenum surface anomaly, with rock samples running up to 1.64% copper and soils up to 1.00% copper. The system has the kind of pedigree juniors rarely get to point to: it was drilled under a 2019–2022 earn-in agreement by BHP Billiton, following earlier work by Luminex Resources in 2018. That historical program included thirteen drill holes that confirmed porphyry mineralization.
Two of those historical holes frame the scale. TARQ1D returned 0.33% copper-equivalent over 186 metres, sitting within a much longer 682-metre interval grading 0.22% copper-equivalent. TARQ4D returned 0.34% copper-equivalent over 218 metres, with higher-grade sub-intervals up to 0.54% copper-equivalent. These are early-stage porphyry intercepts rather than a defined resource, but they confirm a real, drill-tested system that Salazar says remains open at depth and along its margins — leaving significant exploration upside. That a super-major spent the money to drill it is itself a form of validation that the target is district-scale.
Why the address matters
Tarqui and the nearby Quimi Concession together cover 7,547 hectares in Ecuador's Morona Santiago Province, roughly 15 kilometres from Gualaquiza, and sit within the Jurassic-aged Zamora Batholith — the same belt that hosts some of the region's marquee deposits. The concessions lie along the same regional structural corridor as the Panantza-San Carlos and Solaris Resources' Warintza porphyry systems, and the project sits about 48 kilometres north of Lundin Gold's Fruta del Norte. The two concessions are located roughly 20 and 5 kilometres, respectively, from Mirador Norte, the northern extension of the producing, Chinese-operated Mirador copper mine. In exploration, being on-trend with proven, large-scale systems does not guarantee success, but it materially improves the odds that the right geology is present.
CEO Fredy Salazar framed the opportunity as a rare pairing, pointing to "a large, well-defined copper-molybdenum porphyry system and high-grade gold-silver veins" at Tarqui, complemented by promising soil anomalies at the underexplored Quimi Concession. With the mineralized systems open in multiple directions and at depth, he said Salazar believes Tarqui and Quimi "could evolve into important discoveries" within one of the world's most prospective copper-gold belts. It is an exploration thesis, not a resource — but it is a well-located one with both bulk-tonnage and high-grade levers.
Four Ecuador-focused names investors watch alongside Salazar
Salazar is exploring in a jurisdiction that has gone from frontier to recognized producer in just a few years, drawing major and mid-tier mining capital to the same belt. The peer group below shows the range — from a high-grade producer to porphyry developers — that defines the Ecuadorian copper-gold story Salazar is now a part of.
Lundin Gold Inc. (TSX: LUG) (OTCQX: LUGDF) is the benchmark Salazar's own release points to. Its Fruta del Norte mine — the same epithermal gold-silver system geologically analogous to Salazar's Yumi target, 48 kilometres to the south — is among the highest-grade operating gold mines in the world. Lundin guided to 2026 production of 475,000 to 525,000 ounces of gold at an average head grade around 8.3 g/t, and launched its largest-ever exploration program at roughly US$85 million and 133,000 metres of drilling. Lundin shows what a world-class epithermal system in this belt can become once it is fully developed.
Solaris Resources Inc. (TSX: SLS) (NYSE: SLSR) is the porphyry analogue, advancing its Warintza copper project in the same Morona Santiago province as Tarqui. Solaris has reported an inferred resource on the order of 887 million tonnes grading about 0.39% copper, and signed an Investment Protection Agreement with the Ecuadorian government carrying tax incentives — a sign of how the country is courting large-scale copper development. Warintza illustrates the bulk-tonnage end of the spectrum that Salazar's own copper-molybdenum porphyry is chasing.
Silvercorp Metals Inc. (TSX: SVM) (NYSE American: SVM) represents the near-term builder in Ecuador. The company is advancing the El Domo deposit at the Curipamba project toward construction and first production later this decade, and — through its subsidiary Adventus — holds further exposure to the Zamora belt. Silvercorp shows the development-and-production stage of the Ecuadorian pipeline, several steps ahead of where Salazar sits today, and underscores that projects in the country are moving from discovery to construction.
Tincorp Metals Inc. (TSXV: TIN) is arguably the closest peer of all. In early 2026 Tincorp acquired the Santa Barbara gold-copper project — located in the same Zamora Copper-Gold Belt as Tarqui — from Silvercorp and its Adventus subsidiary, which retained a significant shareholding. Santa Barbara carries an updated resource of roughly 29.8 million tonnes grading 0.73 g/t gold and 0.10% copper. As a junior chasing a gold-copper porphyry in the very same belt, Tincorp is the most direct read on how the market values the kind of dual-metal exploration story Salazar is pursuing.
Across the group, the common thread is the one drawing capital to Salazar's ground: Ecuador's Zamora belt has proven it can host world-class copper porphyries and high-grade epithermal gold, and the market is rewarding companies that can credibly position themselves within it. Salazar sits at the early, high-risk exploration end — but on a wholly owned concession that offers exposure to both the bulk-tonnage and the high-grade sides of that story at once.
What to watch from here
For Salazar specifically, the near-term catalysts are clear. The first is the over-limit re-assay of that greater-than-100 g/t gold sample, which will put a firm number on the headline result. Beyond that, investors will watch for any move toward drilling the Yumi vein system — the logical next step to test whether the high-grade surface results carry to depth — as well as follow-up on the soil anomalies at the underexplored Quimi Concession and any further interpretation of the BHP-era porphyry data. Each would help convert surface promise into a drill-defined target.
None of this changes the fundamental reality that Salazar is an exploration-stage company working with surface samples and historical drill data, not a defined resource, and that grab samples are by their nature selective and unproven at depth. But the combination of a BHP-validated, district-scale copper-molybdenum porphyry and a freshly sampled high-grade gold-silver vein system — on one wholly owned property, in a tier-one copper-gold belt that is actively attracting major capital — is the kind of setup that draws exploration investors. The drill results to come will determine whether the promise becomes a discovery.
About Salazar Resources
Salazar Resources Limited (TSXV: SRL) (OTCQB: SRLZF) (FSE: CCG) is a Vancouver-based mineral exploration company focused on Ecuador. Its 100%-owned Tarqui and Quimi concessions cover 7,547 hectares in Morona Santiago Province within the Zamora Copper-Gold Belt, hosting a district-scale copper-molybdenum porphyry system — previously drilled under an earn-in by BHP Billiton — and the high-grade Yumi gold-silver epithermal vein system. Fredy Salazar serves as Chief Executive Officer.
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Issued on behalf of Salazar Resources Limited (TSXV: SRL)
, /PRNewswire/ -- USA News Group News Commentary — In mineral exploration, two things rarely show up on the same property: the bulk-tonnage scale of a copper porphyry, and the eye-popping per-tonne grades of a high-grade gold vein. One is a long-life, low-grade engine; the other is a smaller, richer prize. Salazar Resources Limited (TSXV: SRL) (OTCQB: SRLZF) (FSE: CCG) has just reported results suggesting it may have both on a single, wholly owned concession in one of the world's most prolific copper-gold belts.
On June 1, 2026, Salazar reported rock-chip sampling of up to 100 grams per tonne (g/t) gold and 1,000 g/t silver from the Yumi vein system at its 100%-owned Tarqui Concession in southeastern Ecuador — high-grade precious-metals results sitting right alongside a large, district-scale copper-molybdenum porphyry that was previously drilled under an earn-in by mining giant BHP. It is the kind of combination that gives a junior two distinct ways to win on one piece of ground.
The high-grade headline: Yumi
The numbers that grab attention come from the Yumi gold-silver epithermal vein system, where Salazar's own recent rock-chip sampling returned exceptional grades. One sample assayed 80.9 g/t gold and 824 g/t silver; a second came back at greater than 100 g/t gold and greater than 1,000 g/t silver, with over-limit analysis still pending — meaning the true values could be even higher once the lab re-runs them at a wider range. Beyond those two standouts, 13 additional samples returned between 1.0 and 17.9 g/t gold across a vein system roughly 100 metres in length.
Two caveats matter and Salazar discloses them plainly. First, these are rock-chip and grab samples taken at surface, which are selective by nature and are not necessarily representative of the grade of any mineralization at depth — they point to potential, not to a resource. Second, the highest result is an over-limit pending value, not a confirmed assay. What the sampling does establish is that a high-grade epithermal system is present and worth drilling. The company notes the mineralization is consistent with low- to intermediate-sulfidation epithermal systems similar to Lundin Gold's Fruta del Norte deposit, located about 48 kilometres to the south — a useful geological analogue, not a statement of equivalence.
The bulk-tonnage engine: a BHP-drilled porphyry
Underpinning the gold story is the larger copper-molybdenum porphyry system at Tarqui, defined by a 1.8-kilometre by 1.0-kilometre copper-molybdenum surface anomaly, with rock samples running up to 1.64% copper and soils up to 1.00% copper. The system has the kind of pedigree juniors rarely get to point to: it was drilled under a 2019–2022 earn-in agreement by BHP Billiton, following earlier work by Luminex Resources in 2018. That historical program included thirteen drill holes that confirmed porphyry mineralization.
Two of those historical holes frame the scale. TARQ1D returned 0.33% copper-equivalent over 186 metres, sitting within a much longer 682-metre interval grading 0.22% copper-equivalent. TARQ4D returned 0.34% copper-equivalent over 218 metres, with higher-grade sub-intervals up to 0.54% copper-equivalent. These are early-stage porphyry intercepts rather than a defined resource, but they confirm a real, drill-tested system that Salazar says remains open at depth and along its margins — leaving significant exploration upside. That a super-major spent the money to drill it is itself a form of validation that the target is district-scale.
Why the address matters
Tarqui and the nearby Quimi Concession together cover 7,547 hectares in Ecuador's Morona Santiago Province, roughly 15 kilometres from Gualaquiza, and sit within the Jurassic-aged Zamora Batholith — the same belt that hosts some of the region's marquee deposits. The concessions lie along the same regional structural corridor as the Panantza-San Carlos and Solaris Resources' Warintza porphyry systems, and the project sits about 48 kilometres north of Lundin Gold's Fruta del Norte. The two concessions are located roughly 20 and 5 kilometres, respectively, from Mirador Norte, the northern extension of the producing, Chinese-operated Mirador copper mine. In exploration, being on-trend with proven, large-scale systems does not guarantee success, but it materially improves the odds that the right geology is present.
CEO Fredy Salazar framed the opportunity as a rare pairing, pointing to "a large, well-defined copper-molybdenum porphyry system and high-grade gold-silver veins" at Tarqui, complemented by promising soil anomalies at the underexplored Quimi Concession. With the mineralized systems open in multiple directions and at depth, he said Salazar believes Tarqui and Quimi "could evolve into important discoveries" within one of the world's most prospective copper-gold belts. It is an exploration thesis, not a resource — but it is a well-located one with both bulk-tonnage and high-grade levers.
Four Ecuador-focused names investors watch alongside Salazar
Salazar is exploring in a jurisdiction that has gone from frontier to recognized producer in just a few years, drawing major and mid-tier mining capital to the same belt. The peer group below shows the range — from a high-grade producer to porphyry developers — that defines the Ecuadorian copper-gold story Salazar is now a part of.
Lundin Gold Inc. (TSX: LUG) (OTCQX: LUGDF) is the benchmark Salazar's own release points to. Its Fruta del Norte mine — the same epithermal gold-silver system geologically analogous to Salazar's Yumi target, 48 kilometres to the south — is among the highest-grade operating gold mines in the world. Lundin guided to 2026 production of 475,000 to 525,000 ounces of gold at an average head grade around 8.3 g/t, and launched its largest-ever exploration program at roughly US$85 million and 133,000 metres of drilling. Lundin shows what a world-class epithermal system in this belt can become once it is fully developed.
Solaris Resources Inc. (TSX: SLS) (NYSE: SLSR) is the porphyry analogue, advancing its Warintza copper project in the same Morona Santiago province as Tarqui. Solaris has reported an inferred resource on the order of 887 million tonnes grading about 0.39% copper, and signed an Investment Protection Agreement with the Ecuadorian government carrying tax incentives — a sign of how the country is courting large-scale copper development. Warintza illustrates the bulk-tonnage end of the spectrum that Salazar's own copper-molybdenum porphyry is chasing.
Silvercorp Metals Inc. (TSX: SVM) (NYSE American: SVM) represents the near-term builder in Ecuador. The company is advancing the El Domo deposit at the Curipamba project toward construction and first production later this decade, and — through its subsidiary Adventus — holds further exposure to the Zamora belt. Silvercorp shows the development-and-production stage of the Ecuadorian pipeline, several steps ahead of where Salazar sits today, and underscores that projects in the country are moving from discovery to construction.
Tincorp Metals Inc. (TSXV: TIN) is arguably the closest peer of all. In early 2026 Tincorp acquired the Santa Barbara gold-copper project — located in the same Zamora Copper-Gold Belt as Tarqui — from Silvercorp and its Adventus subsidiary, which retained a significant shareholding. Santa Barbara carries an updated resource of roughly 29.8 million tonnes grading 0.73 g/t gold and 0.10% copper. As a junior chasing a gold-copper porphyry in the very same belt, Tincorp is the most direct read on how the market values the kind of dual-metal exploration story Salazar is pursuing.
Across the group, the common thread is the one drawing capital to Salazar's ground: Ecuador's Zamora belt has proven it can host world-class copper porphyries and high-grade epithermal gold, and the market is rewarding companies that can credibly position themselves within it. Salazar sits at the early, high-risk exploration end — but on a wholly owned concession that offers exposure to both the bulk-tonnage and the high-grade sides of that story at once.
What to watch from here
For Salazar specifically, the near-term catalysts are clear. The first is the over-limit re-assay of that greater-than-100 g/t gold sample, which will put a firm number on the headline result. Beyond that, investors will watch for any move toward drilling the Yumi vein system — the logical next step to test whether the high-grade surface results carry to depth — as well as follow-up on the soil anomalies at the underexplored Quimi Concession and any further interpretation of the BHP-era porphyry data. Each would help convert surface promise into a drill-defined target.
None of this changes the fundamental reality that Salazar is an exploration-stage company working with surface samples and historical drill data, not a defined resource, and that grab samples are by their nature selective and unproven at depth. But the combination of a BHP-validated, district-scale copper-molybdenum porphyry and a freshly sampled high-grade gold-silver vein system — on one wholly owned property, in a tier-one copper-gold belt that is actively attracting major capital — is the kind of setup that draws exploration investors. The drill results to come will determine whether the promise becomes a discovery.
About Salazar Resources
Salazar Resources Limited (TSXV: SRL) (OTCQB: SRLZF) (FSE: CCG) is a Vancouver-based mineral exploration company focused on Ecuador. Its 100%-owned Tarqui and Quimi concessions cover 7,547 hectares in Morona Santiago Province within the Zamora Copper-Gold Belt, hosting a district-scale copper-molybdenum porphyry system — previously drilled under an earn-in by BHP Billiton — and the high-grade Yumi gold-silver epithermal vein system. Fredy Salazar serves as Chief Executive Officer.
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 paid advertisement 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. USANewsgroup.com is a wholly-owned subsidiary of Market IQ Media Group Limited ("MIQL"), a company incorporated under the laws of Ireland. This article is being distributed for Baystreet.ca media Corp, who has been paid a fee for an advertising campaign. MIQ has not been paid a fee for Salazar Resources Ltd. advertising or digital media, but the owner/operators of MIQL have an arms length relationship with Baystreet.ca Media Corp. ("BAY") There may also be 3rd parties who may have shares of Salazar Resources Ltd. and may liquidate their shares which could have a negative effect on the price of the stock. 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 publication as the basis for any investment decision. The owner/operator of MIQL/BAY own shares of Salazar Resources Ltd and reserve the right to buy and sell, and will buy and sell shares of Salazar Resources Ltd. at any time without any further notice commencing immediately and ongoing. We also expect further compensation as an ongoing digital media effort to increase visibility for the company, no further notice will be given, but let this disclaimer serve as notice that all material, including this article, which is disseminated by MIQL on behalf of BAY has been approved by Salazar Resources Ltd. Technical information relating to Salazar Resources Ltd. has been reviewed and approved by Kieran Downes, P.Geo., a Qualified Person as defined by National Instrument 43-101 and a consulting geologist to Salazar, has reviewed and approved the scientific and technical information cited from the linked-to news releases.; this is a paid advertisement, we currently own shares of Salazar Resources Ltd. and will buy and sell shares of the company in the open market, or through private placements, and/or other investment vehicles. 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 newsletter is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between the 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.
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VANCOUVER, British Columbia, May 29, 2026 (GLOBE NEWSWIRE) -- K92 Mining Inc. (“K92” or the “Company”) (TSX: KNT; OTCQX: KNTNF) is pleased to announce that Michael Carew was elected to the Company’s Board of Directors at the Company’s annual general meeting of shareholders held earlier today.
Dr. Carew is a geologist with over 25 years of corporate, technical and capital markets experience in the mining industry. He brings both regional and near-mine mineral exploration experience gained through roles with several major and junior mining and exploration companies, including BHP Billiton Limited, Mount Isa Mines Limited and Ivanhoe Mines Ltd. He has worked on a variety of uranium, base and precious metal ore deposits across Australia, North America and Asia.
Since August 2020, Dr. Carew has worked as a consultant in a variety of executive and non-executive roles, including serving as Vice President, Corporate Development for Papua New Guinea explorer Great Pacific Gold Corp. from November 2024 to May 2026. He has also advised on the due diligence of exploration projects at various stages of development and held senior corporate development and executive roles with several junior resource companies.
From 2013 to 2020, Dr. Carew was a Mining Research Analyst at Haywood Securities Inc., where he evaluated companies and projects ranging from early and advanced stage exploration, resource and development to production.
Dr. Carew currently serves as a Director and Audit Committee member of Military Metals Corp. (CSE) and CEO of Walhalla Gold Corp (CSE) and will join K92's Audit Committee and Health and Safety Committee.
He holds a BSc (Hons) from Monash University, Melbourne, and a PhD in Economic Geology from James Cook University, Australia.
John Lewins, K92 Chief Executive Officer and Director, stated, “Dr. Carew brings a strong combination of technical, exploration, capital markets and corporate development expertise to the K92 Board. His extensive experience evaluating mining and exploration projects, and working in Papua New Guinea and across the broader mining industry will provide valuable insight as K92 continues to execute on its growth strategy. We are delighted to welcome Mick to the Board and look forward to his contributions.”
About K92
K92 Mining Inc. is engaged in the production of gold, copper and silver at the Kainantu Gold Mine in the Eastern Highlands province of Papua New Guinea, as well as exploration and development of mineral deposits in the immediate vicinity of the mine. The Company declared commercial production from Kainantu in February 2018, is in a strong financial position, and is working to become a Tier 1 mid-tier producer through ongoing expansions. A maiden resource estimate on the Blue Lake copper-gold porphyry project was completed in August 2022. K92 is operated by a team of mining company professionals with extensive international mine-building and operational experience.
On Behalf of the Company,
John Lewins, Chief Executive Officer and Director
For further information, please contact David Medilek, P.Eng., CFA, President and Chief Operating Officer at +1-604-416-4445
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION: This news release includes certain “forward-looking statements” under applicable Canadian securities legislation. Such forward-looking statements include, without limitation: (i) statements regarding the expansion of the mine and development of any of the deposits; (ii) the Kainantu Stage 4 Expansion; and (iii) the potential extended life of the Kainantu Mine.
All statements in this news release that address events or developments that we expect to occur in the future are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, although not always, identified by words such as “expect”, “plan”, “anticipate”, “project”, “target”, “potential”, “schedule”, “forecast”, “budget”, “estimate”, “intend” or “believe” and similar expressions or their negative connotations, or that events or conditions “will”, “would”, “may”, “could”, “should” or “might” occur. All such forward-looking statements are based on the opinions and estimates of management as of the date such statements are made. Forward-looking statements are necessarily based on estimates and assumptions that are inherently subject to known and unknown risks, uncertainties and other factors, many of which are beyond our ability to control, that may cause our actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking information. Such factors include, without limitation, Public Health Crises, including the epidemic or pandemic viruses; changes in the price of gold, silver, copper and other metals in the world markets; fluctuations in the price and availability of infrastructure and energy and other commodities; fluctuations in foreign currency exchange rates; volatility in price of our common shares; inherent risks associated with the mining industry, including problems related to weather and climate in remote areas in which certain of the Company’s operations are located; failure to achieve production, cost and other estimates; risks and uncertainties associated with exploration and development; uncertainties relating to estimates of mineral resources including uncertainty that mineral resources may never be converted into mineral reserves; the Company’s ability to carry on current and future operations, including development and exploration activities at the Arakompa, Kora, Judd and other projects; the timing, extent, duration and economic viability of such operations, including any mineral resources or reserves identified thereby; the accuracy and reliability of estimates, projections, forecasts, studies and assessments; the Company’s ability to meet or achieve estimates, projections and forecasts; the availability and cost of inputs; the availability and costs of achieving the Stage 4 Expansion; the ability of the Company to achieve the inputs the price and market for outputs, including gold, silver and copper; failures of information systems or information security threats; political, economic and other risks associated with the Company’s foreign operations; geopolitical events and other uncertainties, such as the conflicts in Ukraine, Israel and Palestine; compliance with various laws and regulatory requirements to which the Company is subject to, including taxation; the ability to obtain timely financing on reasonable terms when required; the current and future social, economic and political conditions, including relationship with the communities in Papua New Guinea and other jurisdictions it operates; other assumptions and factors generally associated with the mining industry; and the risks, uncertainties and other factors referred to in the Company’s Annual Information Form under the heading “Risk Factors”.
Estimates of mineral resources are also forward-looking statements because they constitute projections, based on certain estimates and assumptions, regarding the amount of minerals that may be encountered in the future and/or the anticipated economics of production. The estimation of mineral resources and mineral reserves is inherently uncertain and involves subjective judgments about many relevant factors. Mineral resources that are not mineral reserves do not have demonstrated economic viability. The accuracy of any such estimates is a function of the quantity and quality of available data, and of the assumptions made and judgments used in engineering and geological interpretation, Forward-looking statements are not a guarantee of future performance, and actual results and future events could materially differ from those anticipated in such statements. Although we have attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking statements, there may be other factors that cause actual results to differ materially from those that are anticipated, estimated, or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
VANCOUVER, British Columbia, May 29, 2026 (GLOBE NEWSWIRE) -- K92 Mining Inc. (“K92” or the “Company”) (TSX: KNT; OTCQX: KNTNF) is pleased to announce the voting results of its 2026 annual general meeting (“AGM”) of shareholders that was held today as a hybrid virtual and in-person event. All of the resolutions proposed at the AGM were duly passed.
A total of 152,281,081 common shares, representing 62.136% of the Company’s issued and outstanding common shares as at the record date were voted. All of the Company’s seven director nominees were elected and detailed results of the votes on directors are shown below:
Name of NomineeVotes ForVotes WithheldNumber%Number%Michael Carew141,517,90199.9829,0230.02Mark Eaton138,640,79097.952,906,1342.05Anne Giardini138,553,94997.892,992,9752.11Saurabh Handa138,352,56797.743,194,3572.26Cyndi Laval141,198,28199.75348,6430.25Nan Lee141,502,99899.9743,9260.03John D. Lewins141,208,88199.76338,0430.24 All seven directors will serve on the Company's Board of Directors until the next annual meeting of shareholders or until their successors are elected or appointed.
Shareholders also voted in favour of the following matters:
Set the number of directors at seven (7);Re-appointed PricewaterhouseCoopers LLP as auditor of the Company for the ensuing year and authorized the directors to fix the auditor’s remuneration; andApproved the non-binding advisory resolution accepting the Company’s approach to executive compensation.
MatterVotes ForVotes AgainstNumber%Number%Number of Directors (7)151,946,16699.78334,9150.22Appointment of Auditor150,826,48299.041,454,5970.96Advisory Vote on Executive Compensation136,838,36896.674,708,5563.33 Further details on the above matters are set forth in the Company's meeting materials, including the Management Information Circular dated April 16, 2026, that are accessible on K92’s website at www.k92mining.com and under the Company's issuer profile on SEDAR+ at www.sedarplus.ca.
Final voting results on all matters voted on at the AGM are also contained in the Report on Voting Results filed under the Company’s profile on the SEDAR+ website.
About K92
K92 Mining Inc. is engaged in the production of gold, copper and silver at the Kainantu Gold Mine in the Eastern Highlands province of Papua New Guinea, as well as exploration and development of mineral deposits in the immediate vicinity of the mine. The Company declared commercial production from Kainantu in February 2018, is in a strong financial position, and is working to become a Tier 1 mid-tier producer through ongoing expansions. A maiden resource estimate on the Blue Lake copper-gold porphyry project was completed in August 2022. K92 is operated by a team of mining company professionals with extensive international mine-building and operational experience.
On Behalf of the Company,
John Lewins, Chief Executive Officer and Director
For further information, please contact David Medilek, P.Eng., CFA, President and Chief Operating Officer at +1-604-416-4445
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION:
This news release includes certain “forward-looking statements” under applicable Canadian securities legislation. Such forward-looking statements include, without limitation: (i) statements regarding the expansion of the mine and development of any of the deposits; (ii) the Kainantu Stage 4 Expansion, operating two standalone process plants, larger surface infrastructure and mining throughputs; and (iv) the potential extended life of the Kainantu Mine.
All statements in this news release that address events or developments that we expect to occur in the future are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, although not always, identified by words such as “expect”, “plan”, “anticipate”, “project”, “target”, “potential”, “schedule”, “forecast”, “budget”, “estimate”, “intend” or “believe” and similar expressions or their negative connotations, or that events or conditions “will”, “would”, “may”, “could”, “should” or “might” occur. All such forward-looking statements are based on the opinions and estimates of management as of the date such statements are made. Forward-looking statements are necessarily based on estimates and assumptions that are inherently subject to known and unknown risks, uncertainties and other factors, many of which are beyond our ability to control, that may cause our actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking information. Such factors include, without limitation, Public Health Crises, including the epidemic or pandemic viruses; changes in the price of gold, silver, copper and other metals in the world markets; fluctuations in the price and availability of infrastructure and energy and other commodities; fluctuations in foreign currency exchange rates; volatility in price of our common shares; inherent risks associated with the mining industry, including problems related to weather and climate in remote areas in which certain of the Company’s operations are located; failure to achieve production, cost and other estimates; risks and uncertainties associated with exploration and development; uncertainties relating to estimates of mineral resources including uncertainty that mineral resources may never be converted into mineral reserves; the Company’s ability to carry on current and future operations, including development and exploration activities at the Arakompa, Kora, Judd and other projects; the timing, extent, duration and economic viability of such operations, including any mineral resources or reserves identified thereby; the accuracy and reliability of estimates, projections, forecasts, studies and assessments; the Company’s ability to meet or achieve estimates, projections and forecasts; the availability and cost of inputs; the availability and costs of achieving the Stage 4 Expansion; the ability of the Company to achieve the inputs the price and market for outputs, including gold, silver and copper; failures of information systems or information security threats; political, economic and other risks associated with the Company’s foreign operations; geopolitical events and other uncertainties, such as the conflicts in Ukraine, Israel, Palestine and the Middle East; compliance with various laws and regulatory requirements to which the Company is subject to, including taxation; the ability to obtain timely financing on reasonable terms when required; the current and future social, economic and political conditions, including relationship with the communities in Papua New Guinea and other jurisdictions it operates; other assumptions and factors generally associated with the mining industry; and the risks, uncertainties and other factors referred to in the Company’s Annual Information Form under the heading “Risk Factors”.
Estimates of mineral resources are also forward-looking statements because they constitute projections, based on certain estimates and assumptions, regarding the amount of minerals that may be encountered in the future and/or the anticipated economics of production. The estimation of mineral resources and mineral reserves is inherently uncertain and involves subjective judgments about many relevant factors. Mineral resources that are not mineral reserves do not have demonstrated economic viability. The accuracy of any such estimates is a function of the quantity and quality of available data, and of the assumptions made and judgments used in engineering and geological interpretation, Forward-looking statements are not a guarantee of future performance, and actual results and future events could materially differ from those anticipated in such statements. Although we have attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking statements, there may be other factors that cause actual results to differ materially from those that are anticipated, estimated, or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
.
VANCOUVER, British Columbia, June 02, 2026 (GLOBE NEWSWIRE) -- K92 Mining Inc. (“K92” or the “Company”) (TSX: KNT; OTCQX: KNTNF) is pleased to announce that it has published its 2025 Sustainability Report. This is K92’s seventh annual sustainability report and provides details of the Company’s ongoing sustainability management and performance.
The 2025 Sustainability Report was prepared in accordance with the Sustainability Accounting Standards Board (“SASB”) Metals and Mining Standard for the seventh consecutive year and includes climate-related disclosures in alignment with the Task Force on Climate-related Financial Disclosures (“TCFD”) recommendations.
The 2025 Sustainability Report is available on the K92 website at the following link:
https://k92mining.com/responsible-mining
2025 Sustainability Highlights:
918 days without a lost-time injury(1) and a Total Recordable Injury Frequency Rate (“TRIFR”) of 0.62.~2,150 employees and permanent contractors in Papua New Guinea (PNG) plus temporary contractors and casuals for a total workforce of ~3,100.~91% of the operational workforce, comprising employees and permanent contractors, are PNG Nationals with priority hiring from local communities.$161.8 million in procurement from PNG companies, representing 52% of K92’s total annual procurement spend and an increase of 68% versus 2024.$139.2 million in taxes and royalties paid or accrued in PNG(2), a 122% increase from 2024.$33.1 million invested in local Joint Ventures.Outstanding Community Humanitarian Initiative awarded by the PNG Chamber of Resources and Energy (“CORE”) for K92’s Adult Literacy Program, marking the fourth consecutive year K92 has received the primary, annual community award from the CORE.Release of the Company’s Environmental Policy and Tailings Management Policy, two key board-approved policies outlining the Company’s approach to responsible resource development.Zero reportable environmental incidents at the Kainantu operations, with ongoing enhancements to the Company’s environmental management system.Continued implementation of the K92 CARES framework, which outlines the Company’s core values, including the launch of the inaugural CARES Awards recognizing outstanding employee engagement and commitment.Advanced work related to the Kainantu Endowment, which was established as an independent charitable trust dedicated to advancing education, skills development, and long-term opportunity for people across PNG.Ongoing alignment with the TCFD recommendations, with progress advanced on local hydropower improvements and solar farm engineering work in support of the Company’s energy and greenhouse gas (“GHG”) emissions reduction target.Continued commitment to local skills development, including a total of 68 tertiary scholarships awarded, 34 industrial traineeship placements, 31 graduate placements, and ongoing implementation of multiple Memoranda of Understanding with PNG universities to help develop a robust pipeline of skilled mine workers in the country.Significant progress on the Company’s first Infrastructure Tax Credit Scheme (“ITCS”) project, with 35% physical completion of the Konkua-Bilimoia road upgrades.Ongoing due diligence activities to support annual child labour and forced labour mitigation disclosures. John Lewins, K92 Chief Executive Officer and Director, stated, “K92 celebrated many achievements in 2025 in what was a landmark year for the Company as we celebrated our 10th anniversary and successfully completed the commissioning of our new 1.2-million tonnes per annum Stage 3 Expansion processing plant. This coincided with a truly historic milestone for the people of Papua New Guinea, as the nation celebrated the Golden Jubilee of its independence in 1975.
At the end of 2025, K92 was a major employer in Papua New Guinea, with approximately 2,150 employees and permanent contractors, and temporary contractors and casuals bringing our total workforce to approximately 3,100. PNG Nationals represented approximately 91% of our operational workforce, comprising employees and permanent contractors, supported by priority hiring from local communities. In addition, we have become one of the largest corporate taxpayers among mining companies in the country, with $139.2M in taxes and royalties paid or accrued in 2025. We are also currently the largest foreign investor in mineral exploration in Papua New Guinea, with $18M invested in exploration activities in 2025 and a further $31M to $35M planned investment in 2026, well-positioning the Company for continued growth.
I would like to extend my congratulations to the K92 Mining team and the people of Papua New Guinea for all the momentous milestones that were achieved during the year. These achievements are a testament to the dedication and resilience of the innumerable people who have made them possible. As Papua New Guinea looks to its next chapter, we strongly believe that responsible mining will remain an important driver of sustainable development for the country and its remarkable people. At K92, we will continue to work steadfastly in partnership with all our stakeholders to deliver transformational value for many years to come.”
Notes:
(1) As at December 31, 2025. Rate includes both employees and contractors.
(2) Includes corporate tax, payroll tax, import duties, production levy and royalties.
(3) All amounts are in U.S. Dollars unless otherwise noted.
About K92
K92 Mining Inc. is engaged in the production of gold, copper and silver at the Kainantu Gold Mine in the Eastern Highlands province of Papua New Guinea, as well as exploration and development of mineral deposits in the immediate vicinity of the mine. The Company declared commercial production from Kainantu in February 2018, is in a strong financial position, and is working to become a Tier 1 mid-tier producer through ongoing expansions. A maiden resource estimate on the Blue Lake copper-gold porphyry project was completed in August 2022. K92 is operated by a team of mining company professionals with extensive international mine-building and operational experience.
On Behalf of the Company,
John Lewins, Chief Executive Officer and Director
For further information, please contact David Medilek, P.Eng., CFA, President and Chief Operating Officer at +1-604-416-4445
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION: This news release includes certain “forward-looking statements” under applicable Canadian securities legislation. Such forward-looking statements include, without limitation: (i) the results of the Kainantu Mine Definitive Feasibility Study, including the Stage 3 Expansion, a new standalone 1.2 million tonnes-per-annum process plant and supporting infrastructure; (ii) statements regarding the expansion of the mine and development of any of the deposits; (iii) the Kainantu Stage 4 Expansion, operating two standalone process plants, larger surface infrastructure and mining throughputs; and (iv) the potential extended life of the Kainantu Mine.
All statements in this news release that address events or developments that we expect to occur in the future are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, although not always, identified by words such as “expect”, “plan”, “anticipate”, “project”, “target”, “potential”, “schedule”, “forecast”, “budget”, “estimate”, “intend” or “believe” and similar expressions or their negative connotations, or that events or conditions “will”, “would”, “may”, “could”, “should” or “might” occur. All such forward-looking statements are based on the opinions and estimates of management as of the date such statements are made. Forward-looking statements are necessarily based on estimates and assumptions that are inherently subject to known and unknown risks, uncertainties and other factors, many of which are beyond our ability to control, that may cause our actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking information. Such factors include, without limitation, Public Health Crises, including the epidemic or pandemic viruses; changes in the price of gold, silver, copper and other metals in the world markets; fluctuations in the price and availability of infrastructure and energy and other commodities; fluctuations in foreign currency exchange rates; volatility in price of our common shares; inherent risks associated with the mining industry, including problems related to weather and climate in remote areas in which certain of the Company’s operations are located; failure to achieve production, cost and other estimates; risks and uncertainties associated with exploration and development; uncertainties relating to estimates of mineral resources including uncertainty that mineral resources may never be converted into mineral reserves; the Company’s ability to carry on current and future operations, including development and exploration activities at the Arakompa, Kora, Judd and other projects; the timing, extent, duration and economic viability of such operations, including any mineral resources or reserves identified thereby; the accuracy and reliability of estimates, projections, forecasts, studies and assessments; the Company’s ability to meet or achieve estimates, projections and forecasts; the availability and cost of inputs; the availability and costs of achieving the Stage 3 Expansion or the Stage 4 Expansion; the ability of the Company to achieve the inputs the price and market for outputs, including gold, silver and copper; failures of information systems or information security threats; political, economic and other risks associated with the Company’s foreign operations; geopolitical events and other uncertainties, such as the conflicts in Ukraine, Israel and Palestine; compliance with various laws and regulatory requirements to which the Company is subject to, including taxation; the ability to obtain timely financing on reasonable terms when required; the current and future social, economic and political conditions, including relationships with the communities in Papua New Guinea and other jurisdictions it operates; other assumptions and factors generally associated with the mining industry; and the risks, uncertainties and other factors referred to in the Company’s Annual Information Form under the heading “Risk Factors”.
Estimates of mineral resources are also forward-looking statements because they constitute projections, based on certain estimates and assumptions, regarding the amount of minerals that may be encountered in the future and/or the anticipated economics of production. The estimation of mineral resources and mineral reserves is inherently uncertain and involves subjective judgments about many relevant factors. Mineral resources that are not mineral reserves do not have demonstrated economic viability. The accuracy of any such estimates is a function of the quantity and quality of available data, and of the assumptions made and judgments used in engineering and geological interpretation, Forward-looking statements are not a guarantee of future performance, and actual results and future events could materially differ from those anticipated in such statements. Although we have attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking statements, there may be other factors that cause actual results to differ materially from those that are anticipated, estimated, or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
Copa Holdings (CPA - Free Report) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended March 2026. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.
The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on May 13. On the other hand, if they miss, the stock may move lower.
While management's discussion of business conditions on the earnings call will mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise.
Zacks Consensus EstimateThis holding company for Panama's national airline is expected to post quarterly earnings of $4.43 per share in its upcoming report, which represents a year-over-year change of +3.5%.
Revenues are expected to be $1.03 billion, up 15% from the year-ago quarter.
Estimate Revisions TrendThe consensus EPS estimate for the quarter has been revised 47.82% lower over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.
Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts.
Price, Consensus and EPS Surprise
Earnings WhisperEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction) -- has this insight at its core.
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.
Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.
A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.
Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).
How Have the Numbers Shaped Up for Copa Holdings?For Copa Holdings, the Most Accurate Estimate is higher than the Zacks Consensus Estimate, suggesting that analysts have recently become bullish on the company's earnings prospects. This has resulted in an Earnings ESP of +6.17%.
On the other hand, the stock currently carries a Zacks Rank of #3.
So, this combination indicates that Copa Holdings will most likely beat the consensus EPS estimate.
Does Earnings Surprise History Hold Any Clue?While calculating estimates for a company's future earnings, analysts often consider to what extent it has been able to match past consensus estimates. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.
For the last reported quarter, it was expected that Copa Holdings would post earnings of $4.44 per share when it actually produced earnings of $4.18, delivering a surprise of -5.86%.
Over the last four quarters, the company has beaten consensus EPS estimates three times.
Bottom LineAn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.
That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
Copa Holdings appears a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.
An Industry Player's Expected ResultsAmong the stocks in the Zacks Transportation - Airline industry, Surf Air Mobility Inc. (SRFM - Free Report) , is soon expected to post loss of $0.44 per share for the quarter ended March 2026. This estimate indicates a year-over-year change of +66.4%. This quarter's revenue is expected to be $25.27 million, up 7.5% from the year-ago quarter.
Over the last 30 days, the consensus EPS estimate for Surf Air Mobility Inc. has been revised 20.5% up to the current level. Nevertheless, the company now has an Earnings ESP of 0.00%, reflecting an equal Most Accurate Estimate.
This Earnings ESP, combined with its Zacks Rank #3 (Hold), makes it difficult to conclusively predict that Surf Air Mobility Inc. will beat the consensus EPS estimate. Over the last four quarters, the company surpassed consensus EPS estimates two times.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
Wall Street analysts expect Copa Holdings (CPA - Free Report) to post quarterly earnings of $4.43 per share in its upcoming report, which indicates a year-over-year increase of 3.5%. Revenues are expected to be $1.03 billion, up 15% from the year-ago quarter.
The consensus EPS estimate for the quarter has undergone a downward revision of 32.1% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.
Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements of a stock.
While investors typically use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer valuable insights.
Bearing this in mind, let's now explore the average estimates of specific Copa Holdings metrics that are commonly monitored and projected by Wall Street analysts.
According to the collective judgment of analysts, 'Operating Revenues- Passenger revenue' should come in at $987.37 million. The estimate indicates a year-over-year change of +14.9%.
Analysts expect 'Load Factor' to come in at 86.9%. The estimate is in contrast to the year-ago figure of 86.4%.
Based on the collective assessment of analysts, 'PRASM (Passenger revenue per ASM)' should arrive at N/A. Compared to the present estimate, the company reported N/A in the same quarter last year.
Analysts forecast 'Yield' to reach N/A. Compared to the present estimate, the company reported N/A in the same quarter last year.
Analysts' assessment points toward 'ASMs (Available seat miles)' reaching 8.89 billion. The estimate is in contrast to the year-ago figure of 7.80 billion.
The average prediction of analysts places 'CASM Excl. Fuel' at N/A. The estimate compares to the year-ago value of N/A.
Analysts predict that the 'CASM' will reach N/A. Compared to the present estimate, the company reported N/A in the same quarter last year.
The combined assessment of analysts suggests that 'RPMs (Revenue passengers miles)' will likely reach 7.71 billion. The estimate compares to the year-ago value of 6.74 billion.
The collective assessment of analysts points to an estimated 'RASM' of N/A. Compared to the current estimate, the company reported N/A in the same quarter of the previous year.
The consensus estimate for 'Fuel Gallons Consumed' stands at 102 millions of gallons. Compared to the present estimate, the company reported 91 millions of gallons in the same quarter last year.
The consensus among analysts is that 'Total Number of Aircraft' will reach 129 . Compared to the current estimate, the company reported 112 in the same quarter of the previous year.
It is projected by analysts that the 'Operating Expense- Fuel' will reach $280.80 million.
View all Key Company Metrics for Copa Holdings here>>>
Over the past month, Copa Holdings shares have recorded returns of +3.1% versus the Zacks S&P 500 composite's +11% change. Based on its Zacks Rank #3 (Hold), CPA will likely exhibit a performance that aligns with the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
Key Takeaways CPA is expected to post 15% revenue growth in Q1, driven by stronger passenger demand. Copa Holdings beat earnings estimates in three of the past four quarters. CPA faces pressure from higher operating costs, supply-chain issues and geopolitical tensions. Copa Holdings (CPA - Free Report) is scheduled to report first-quarter 2026 results on May 13, after market close.
The Zacks Consensus Estimate for CPA’s first-quarter 2026 earnings per share has been revised downwards by 7.7% over the past 60 days to $4.43. The consensus mark for earnings implies a 3.5% increase from the year ago actuals. The Zacks Consensus Estimate for CPA’s first-quarter 2026 revenues is pegged at $1.03 billion, indicating 15% growth year over year.
CPA has an impressive earnings surprise history, having outperformed the Zacks Consensus Estimate in three of the preceding four quarters (missing once in the remaining), with an average beat being 5.74%.
Let’s see how things have shaped up for CPA this earnings season.
Factors Likely to Have Influenced CPA’s Q1 PerformanceWe expect the CPA’stop line in the to-be-reported quarter to have been bolstered by an improvement in air-travel demand.
Passenger revenues, which account for the bulk of the top line, are likely to have increased in the to-be-reported quarter. The Zacks Consensus Estimate for passenger revenues is pegged at $987.3 million, up 15% from the first-quarter 2025 actuals. Meanwhile, the consensus mark for revenues from the cargo & mail segment and other operating revenues is pegged at $28.1 million and $16.4 million, indicating a year-over-year increase of 9.4% and 13.1%, respectively.
On the contrary, the company’s performance in the to-be-reported quarter is expected to have been significantly impacted by rising operating expenses. Ongoing geopolitical tensions in the Middle East and supply-chain disruptions are likely to have weighed on CPA’s bottom line.
What Our Model Says About CPAOur proven model predicts an earnings beat for Copa Holdings this time. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
CPA has an Earnings ESP of +6.17% and a Zacks Rank #3 at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
Highlights of CPA’s Q4 ResultsCopa Holdings reported fourth-quarter 2025 earnings per share of $4.18, which missed the Zacks Consensus Estimate of $4.44 but improved 4.7% year over year. Revenues of $962.9 million missed the Zacks Consensus Estimate of $967.6 million but inched up 9.7% year over year, driven by a 12.9% increase in onboard passengers.
Passenger revenues (which contributed 94.8% to the top line) grew 9.4% year over year to $913.62 million. The upside was driven by a 10.1% increase in revenue passenger miles (RPMs), partially offset by a 0.6% decrease in passenger yield.
Q1 Performances of Other Transportation CompaniesDelta Air Lines (DAL - Free Report) reported first-quarter 2026 earnings (excluding $1.08 from non-recurring items) of 64 cents per share, which beat the Zacks Consensus Estimate of 61 cents. Earnings increased 39.1% on a year-over-year basis. Revenues in the March-end quarter were $14.2 billion, beating the Zacks Consensus Estimate of $14 billion and increasing on a year-over-year basis.
J.B. Hunt Transport Services (JBHT - Free Report) posted first-quarter 2026 earnings per share of $1.49, up 27% from $1.17 a year ago. The result topped the Zacks Consensus Estimate by $0.04, reflecting a 2.8% surprise.
Operating revenues totaled $3.06 billion, rising 4.6% year over year. Revenues beat the consensus mark of $2.94 billion, resulting in a 3.9% surprise, as demand proved resilient across several service offerings, led by Intermodal volume growth and higher revenues per load in select highway-related businesses.
PANAMA CITY, May 12, 2026 (GLOBE NEWSWIRE) -- Copa Holdings, S.A. (NYSE: CPA) today released preliminary passenger traffic statistics for April 2026:
Copa Holdings (Consolidated)April
2026April
2025% ChangeASM (mm) (1) 2,971.9 2,546.6 16.7 %
RPM (mm) (2) 2,579.8 2,209.7 16.7 %
Load Factor (3) 86.8 %
86.8 %
—p.p. Available seat miles - represents the aircraft seating capacity multiplied by the number of miles the seats are flown.Revenue passenger miles - represents the number of miles flown by revenue passengers.Load factor - represents the percentage of aircraft seating capacity that is utilized. For April 2026, Copa Holdings' capacity (ASMs) increased by 16.7%, while system-wide passenger traffic (RPMs) increased by 16.7% compared to 2025. As a result, the system load factor for the month was 86.8%, flat compared to April 2025.
Copa Holdings is a leading Latin American provider of passenger and cargo services. The Company, through its operating subsidiaries, provides service to countries in North, Central, and South America and the Caribbean. For more information, visit ir.copaair.com.
Copa Holdings, S.A. (NYSE:CPA) will release earnings for its first quarter after the closing bell on Wednesday, May 13.
Analysts expect the Panama City, Panama-based company to report quarterly earnings of $4.42 per share, up from $4.28 per share in the year-ago period. The consensus estimate for Copa's quarterly revenue is $1.03 billion (it reported $899.18 million last year), according to Benzinga Pro.
On Tuesday, Copa Holdings posted 16.7% capacity and traffic growth in April.
Shares of Copa Holdings fell 0.9% to close at $115.96 on Tuesday.
Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.
Let's have a look at how Benzinga's most-accurate analysts have rated the company in the recent period.
Considering buying CPA stock? Here’s what analysts think:
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Key Takeaways Copa Holdings reported April 2026 RPM growth of 16.7% YoY, driven by strong air travel demand.CPA increased capacity with available seat miles rising 16.7% YoY to match demand.Copa Holdings saw load factor remain flat at 86.8% as traffic growth matched capacity expansion. Copa Holdings, S.A.(CPA - Free Report) , based in Panama City, Panama, is gaining from upbeat passenger volumes. The latest positive update from the Latin American carrier came when it reported robust traffic numbers for April 2026 on the back of upbeat air travel demand. Driven by high passenger volumes, revenue passenger miles (RPM: a measure of air traffic) improved on a year-over-year basis in April.
To match the demand swell, CPA is increasing its capacity. In April, available seat miles (a measure of capacity) increased 16.7% year over year. RPM also improved 16.7% year over year. Since traffic growth has matched capacity expansion, the load factor (the percentage of seats filled by passengers) for April 2026 remained flat at 86.8% on a year-over-year basis.
CPA currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
April 2026 Traffic of Another Airline CompanyApart from Copa Holdings, another airline company that has reported traffic numbers for March 2026 is Ryanair Holdings (RYAAY - Free Report) .
Ryanair HoldingsEuropean carrier, Ryanair reported solid traffic numbers for March 2026, driven by upbeat air-travel demand. The number of passengers transported on Ryanair flights was 19.3 million in April 2026, reflecting a 5% year-over-year increase. Apart from a year-over-year surge, RYAAY’s traffic in April was much more than the March reading of 15.8 million, the February reading of 13.3 million and the January reading of 12.7 million, highlighting continued momentum from the beginning of the year.
Ryanair’s load factor (percentage of seats filled by passengers) remained flat year over year as well as sequentially at 93% in April 2026, reflecting stable and consistent demand for the carrier’s services. However, it improved from the load factor of 92% reported in February 2026 and 91% reported in January 2026.
RYAAY operated more than 1,08,000 flights in April 2026. This marks an improvement from 88,000 flights operated in March 2026, 75,000 flights operated in February 2026 and 73,000 flights operated in January2026, reflecting expanded capacity to meet strong passenger demand.
We would like to remind investors that Ryanair carried 200.2 million passengers (traffic up 9% year over year) in its fiscal year ending March 2025, positioning itself as the first European airline to reach 200 million passengers in a single year. As a result, RYAAY is now the world’s leading low-fare airline in terms of passenger traffic, with low fares and reduced costs acting as the main catalyst. During the first nine months of fiscal 2026, RYAAY’s traffic grew 4% year over year to 166.5 million passengers.
Given the aforesaid encouraging backdrops, Ryanair has unveiled its raised traffic outlook for fiscal 2026 (concurrent with its third-quarter fiscal 2026 earnings release on Jan. 26, 2026). Ryanair now expects its fiscal 2026 traffic to grow 4% to 208 million passengers (prior view: 207 million), owing to earlier than expected Boeing (BA - Free Report) deliveries and solid demand during the first nine months of fiscal 2026.
May 13, 2026 18:45 ET | Source: Copa Holdings, S.A.
PANAMA CITY, May 13, 2026 (GLOBE NEWSWIRE) -- Copa Holdings1, S.A. (NYSE: CPA), today announced financial results for the first quarter of 2026 (1Q26), reflecting continued industry-leading profitability, disciplined execution, and the resilience of its business model amid a higher jet fuel price environment. Key highlights include:
Net profit of US$212.5 million or US$5.16 per share, a 20.5% year‑over‑year increase in earnings per share.Operating margin of 24.6% and net margin of 20.2%, increases of 0.8 and 0.5 percentage points, respectively, compared to 1Q25.Capacity, measured in available seat miles (ASMs), grew by 14.0% year over year, and passenger traffic in RPMs increased by 15.0%. As a result, load factor increased by 0.8 percentage points to 87.2%.Revenue per available seat mile (RASM) of 11.8 cents, an increase of 2.7% compared to 1Q25.Operating cost per available seat mile (CASM) increased 1.6% year over year to 8.9 cents, while CASM excluding fuel (Ex-fuel CASM) decreased 1.0% to 5.8 cents.The Company ended the quarter with approximately US$1.5 billion in cash, short-term and long-term investments, representing 40% of the last-twelve-months’ revenues.Adjusted Net Debt to EBITDA ratio ended 1Q26 at 0.7 times.The Company repurchased US$45 million worth of shares during the quarter under the Company’s current US$200 million repurchase authorization. This represents approximately 1% of total outstanding shares as of the end of the quarter.In 1Q26, the Company took delivery of 2 Boeing 737-MAX 8 aircraft to end the quarter with a total fleet of 127 aircraft.Copa Airlines had an on-time performance for the quarter of 91.6% and a flight completion factor of 99.7%, once again positioning itself among the very best in the industry. Subsequent events
On May 13, 2026, the Board of Directors of Copa Holdings ratified its second dividend payment for the year of US$1.71 per share, payable on June 15, 2026, to shareholders of record as of May 29, 2026.In April, at an event held in Panama, the Company publicly announced a Boeing 737 MAX aircraft order consisting of 40 firm orders and 20 purchase options. Deliveries are expected between 2030 and 2034, supporting long‑term capacity growth while preserving flexibility within the Company’s existing fleet plan.During the second quarter, the Company took delivery of two additional Boeing 737 MAX 8 aircraft, increasing its total fleet to 129 aircraft. ____________________
1 The terms “Copa Holdings” and the “Company” refer to the consolidated entity. The financial information presented in this release, unless otherwise indicated, is presented in accordance with International Financial Reporting Standards (IFRS). See the accompanying reconciliation of non-IFRS financial information to IFRS financial information included in the financial tables section of this earnings release. Unless otherwise stated, all comparisons with prior periods refer to the first quarter of 2025 (1Q25).
Full 1Q26 Earnings Release available for download at:
The Company will hold its financial results conference call tomorrow at 11am ET (10am local). Details follow:
Date:May 14, 2026Time:11:00 AM US ET (10:00 AM Local Time)Join by phone:Click hereWebcast (listen-only):ir.copaair.com/events-and-presentations About Copa Holdings
Copa Holdings is a leading Latin American provider of passenger and cargo services. The Company, through its operating subsidiaries, provides service to countries in North, Central, and South America and the Caribbean. For more information, visit: copaair.com.
This release includes “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are based on current plans, estimates, and expectations, and are not guarantees of future performance. They are based on management’s expectations that involve several business risks and uncertainties, any of which could cause actual results to differ materially from those expressed in or implied by the forward-looking statements. The Company undertakes no obligation to update or revise any forward-looking statement. The risks and uncertainties relating to the forward-looking statements in this release are among those disclosed in Copa Holdings’ filed disclosure documents and are, therefore, subject to change without prior notice.
CPA-G
Copa Holdings, S. A. and Subsidiaries
Consolidated Operating and Financial Statistics 1Q261Q25% Change4Q25% ChangeRevenue Passengers Carried (000s)4,096 3,512 16.6%3,935 4.1%Revenue Passengers OnBoard (000s)6,007 5,208 15.3%5,834 3.0%RPMs (millions)7,755 6,743 15.0%7,359 5.4%ASMs (millions)8,892 7,801 14.0%8,513 4.5%Load Factor87.2%86.4%0.8 p.p86.4%0.8 p.pYield (US$ Cents)12.9 12.7 1.6%12.4 4.3%PRASM (US$ Cents)11.3 11.0 2.6%10.7 5.2%RASM (US$ Cents)11.8 11.5 2.7%11.3 4.6%CASM (US$ Cents)8.9 8.8 1.6%8.8 0.9%CASM Excl. Fuel (US$ Cents)5.8 5.8 (1.0)%5.9 (2.9)%Fuel Gallons Consumed (millions)102.7 91.0 12.9%98.6 4.1%Avg. Price Per Fuel Gallon (US$)2.73 2.54 7.5%2.50 9.2%Average Length of Haul (miles)1,893 1,920 (1.4)%1,870 1.2%Average Stage Length (miles)1,260 1,260 —%1,236 1.9%Departures43,033 37,829 13.8%41,942 2.6%Block Hours138,479 121,611 13.9%133,488 3.7%Average Aircraft Utilization (hours)12.2 12.1 1.3%11.9 3.1% Copa Holdings, S. A. and Subsidiaries
Consolidated statement of profit or loss
(In US$ thousands) Unaudited Unaudited %Unaudited % 1Q26 1Q25 Change4Q25 ChangeOperating Revenues Passenger revenue 1,004,173 859,025 16.9%913,623 9.9%Cargo and mail revenue 29,760 25,694 15.8%32,036 (7.1%)Other operating revenue 18,490 14,462 27.8%17,228 7.3%Total Operating Revenue 1,052,423 899,181 17.0%962,888 9.3% Operating Expenses Fuel 282,462 232,160 21.7%249,177 13.4%Wages, salaries, benefits and other employees' expenses 137,670 117,517 17.1%137,906 (0.2%)Passenger servicing 28,135 25,024 12.4%27,523 2.2%Airport facilities and handling charges 79,184 65,657 20.6%68,996 14.8%Sales and distribution 54,812 50,261 9.1%55,604 (1.4%)Maintenance, materials and repairs 46,612 39,434 18.2%46,075 1.2%Depreciation and amortization 100,726 86,284 16.7%97,385 3.4%Flight operations 41,104 33,749 21.8%38,413 7.0%Other operating and administrative expenses 23,083 35,274 (34.6%)32,221 (28.4%)Total Operating Expense 793,787 685,360 15.8%753,300 5.4% Operating Profit/(Loss) 258,636 213,822 21.0%209,588 23.4%Operating Margin 24.6% 23.8% 0.8 p.p21.8% 2.8 p.p Non-operating Income (Expense): Finance cost (25,837) (23,233) 11.2%(27,478) (6.0%)Finance income 16,083 15,792 1.8%16,545 (2.8%)Gain (loss) on foreign currency fluctuations 1,518 1,370 10.8%(6,021) nmNet change in fair value of derivatives (1,066) (2,434) (56.2%)178 nmOther non-operating income (expense) (2,279) 1,428 nm(857) 166.0%Total Non-Operating Income/(Expense) (11,581) (7,077) 63.6%(17,633) (34.3%) Profit before taxes 247,054 206,744 19.5%191,955 28.7% Income tax expense (34,588) (29,978) 15.4%(19,332) 78.9% Net Profit/(Loss) 212,467 176,766 20.2%172,623 23.1%Net Margin 20.2% 19.7% 0.5 p.p17.9% 2.3 p.p EPS Basic Earnings Per Share (EPS) 5.16 4.28 20.5%4.18 23.3% Shares used for calculation: Shares for calculation of Basic EPS (000s) 41,183 41,292 -0.3%41,248 -0.2% Copa Holdings, S. A. and Subsidiaries
Consolidated statement of financial position
(In US$ thousands) March 2026 December 2025ASSETS(Unaudited) (Audited)Cash and cash equivalents374,223 382,554 Short-term investments959,457 955,604 Total cash, cash equivalents and short-term investments1,333,680 1,338,159 Accounts receivable, net204,725 194,425 Accounts receivable from related parties3,019 3,217 Expendable parts and supplies, net152,247 148,127 Prepaid expenses89,588 55,209 Prepaid income tax4,836 6,172 Other current assets29,291 32,769 483,706 439,919 TOTAL CURRENT ASSETS1,817,386 1,778,078 Long-term investments190,157 248,579 Long-term prepaid expenses5,991 5,434 Property and equipment, net4,461,063 4,120,055 Right of use assets279,918 296,761 Intangible, net104,477 104,071 Net defined benefit assets3,157 3,220 Deferred tax assets20,308 19,873 Other Non-Current Assets12,060 6,952 TOTAL NON-CURRENT ASSETS5,077,131 4,804,946 TOTAL ASSETS6,894,517 6,583,024 LIABILITIES Loans and borrowings218,254 172,885 Current portion of lease liability66,901 66,132 Accounts payable210,249 164,320 Accounts payable to related parties1,409 1,333 Air traffic liability750,546 737,616 Frequent flyer deferred revenue160,478 155,584 Taxes Payable81,360 62,931 Accrued expenses payable39,970 66,016 Income tax payable27,122 11,929 Other Current Liabilities9,111 1,361 TOTAL CURRENT LIABILITIES1,565,401 1,440,107 Loans and borrowings long-term1,890,520 1,807,556 Lease Liability241,670 258,383 Deferred tax Liabilities72,940 59,217 Other long-term liabilities250,445 242,337 TOTAL NON-CURRENT LIABILITIES2,455,575 2,367,494 TOTAL LIABILITIES4,020,976 3,807,600 EQUITY Class A - 34,257,137 issued and 29,861,335 outstanding23,316 23,290 Class B - 10,938,1257,466 7,466 Additional Paid-In Capital221,661 220,190 Treasury Stock(345,147) (300,143)Retained Earnings2,769,716 2,168,911 Net profit212,467 671,648 Other comprehensive loss(15,939) (15,939)TOTAL EQUITY2,873,541 2,775,423 TOTAL EQUITY LIABILITIES6,894,517 6,583,024 Copa Holdings, S. A. and Subsidiaries
Consolidated statement of cash flows
For the three months ended
(In US$ thousands) 2026 2025 (Unaudited) (Unaudited)Net cash flow from operating activities 359,710 205,477 Investing activities Net Acquisition of Investments 54,498 (340,191)Net cash flow related to advance payments on aircraft purchase contracts (245,026) (115,130)Acquisition of property and equipment (163,486) (56,216)Proceeds from sale of property and equipment 85 — Acquisition of intangible assets (5,559) (6,515)Cash flow used in investing activities (359,488) (518,052)Financing activities Proceeds from new borrowings 154,605 — Payments on loans and borrowings (31,543) (51,863)Payment of lease liability (16,033) (14,007)Share repurchase (45,004) (3,555)Dividends paid (70,578) (66,493)Cash flow used in financing activities (8,553) (135,918)Net (decrease) in cash and cash equivalents (8,331) (448,493)Cash and cash equivalents as of January 1 382,554 613,313 Cash and cash equivalents as ofMarch 31,$374,223 $164,820 Short-term investments 959,457 751,525 Long-term investments 190,157 425,821 Total cash and cash equivalents and investments as ofMarch 31,$1,523,837 $1,342,166 Copa Holdings, S. A. and Subsidiaries
Non-IFRS Financial Measures Reconciliation
This press release includes the following non-IFRS financial measures: Operating CASM Excluding Fuel and Adjusted Net Debt to EBITDA. This supplemental information is presented because we believe it is a useful indicator of our operating performance and for comparing our performance with other companies in the airline industry. These measures should not be considered in isolation and should be considered together with comparable IFRS measures, in particular operating profit and net profit. The following is a reconciliation of these non-IFRS financial measures to the comparable IFRS measures:
Reconciliation of Operating Costs per ASM Excluding Fuel (CASM Excl. Fuel)1Q261Q254Q25 Operating Costs per ASM as Reported (in US$ Cents)8.98.88.8Aircraft Fuel Cost per ASM (in US$ Cents)3.23.02.9Operating Costs per ASM excluding fuel (in US$ Cents)5.85.85.9 Reconciliation of Adjusted Net Debt to EBITDA1Q26 1Q25 4Q25 Net Debt$893,509 $592,934 $718,218 LTM Operating Profit/(Loss) (in US$ thousands)$863,774 $750,788 $818,960LTM Depreciation and amortization (in US$ thousands)$379,579 $333,628 $365,137LTM EBITDA (in US$ thousands)$1,243,353 $1,084,417 $1,184,096 Adjusted Net Debt to EBITDA 0.7 0.5 0.6
Copa Holdings (CPA - Free Report) came out with quarterly earnings of $5.16 per share, beating the Zacks Consensus Estimate of $4.43 per share. This compares to earnings of $4.28 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of +16.57%. A quarter ago, it was expected that this holding company for Panama's national airline would post earnings of $4.44 per share when it actually produced earnings of $4.18, delivering a surprise of -5.86%.
Over the last four quarters, the company has surpassed consensus EPS estimates three times.
Copa Holdings, which belongs to the Zacks Transportation - Airline industry, posted revenues of $1.05 billion for the quarter ended March 2026, surpassing the Zacks Consensus Estimate by 1.80%. This compares to year-ago revenues of $899.18 million. The company has topped consensus revenue estimates two times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Copa Holdings shares have lost about 3.9% since the beginning of the year versus the S&P 500's gain of 8.1%.
What's Next for Copa Holdings?While Copa Holdings has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Copa Holdings was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $1.65 on $986.97 million in revenues for the coming quarter and $14.21 on $4.2 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Transportation - Airline is currently in the bottom 14% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Another stock from the broader Zacks Transportation sector, Nordic American Tankers (NAT - Free Report) , has yet to report results for the quarter ended March 2026.
This tanker company is expected to post quarterly earnings of $0.16 per share in its upcoming report, which represents a year-over-year change of +700%. The consensus EPS estimate for the quarter has been revised 50% higher over the last 30 days to the current level.
Nordic American Tankers' revenues are expected to be $80.64 million, up 112.6% from the year-ago quarter.
For the quarter ended March 2026, Copa Holdings (CPA - Free Report) reported revenue of $1.05 billion, up 17% over the same period last year. EPS came in at $5.16, compared to $4.28 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $1.03 billion, representing a surprise of +1.8%. The company delivered an EPS surprise of +16.57%, with the consensus EPS estimate being $4.43.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Copa Holdings performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Load Factor: 87.2% versus the five-analyst average estimate of 86.9%.PRASM (Passenger revenue per ASM): 11.3 cents versus 11.08 cents estimated by four analysts on average.Yield: 12.9 cents compared to the 12.77 cents average estimate based on four analysts.Avg. Price Per Fuel Gallon: $2.73 compared to the $2.77 average estimate based on four analysts.ASMs (Available seat miles): 8.89 billion versus 8.89 billion estimated by four analysts on average.CASM Excl. Fuel: 5.8 cents versus the four-analyst average estimate of 5.78 cents.CASM: 8.9 cents versus 8.98 cents estimated by four analysts on average.RPMs (Revenue passengers miles): 7.76 billion compared to the 7.71 billion average estimate based on four analysts.RASM: 11.8 cents versus the four-analyst average estimate of 11.6 cents.Fuel Gallons Consumed: 102.70 Mgal versus the three-analyst average estimate of 102.34 Mgal.Total Number of Aircraft: 127 versus 129 estimated by two analysts on average.Operating Revenues- Passenger revenue: $1 billion versus $987.37 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +16.9% change.View all Key Company Metrics for Copa Holdings here>>>
Shares of Copa Holdings have returned -4.1% over the past month versus the Zacks S&P 500 composite's +8.6% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
Key Takeaways LATAM Airlines' April 2026 RPK rose 7% year over year, signaling growth across all segments.LATAM Airlines' April 2026 load factor came in at 82.3%, with consolidated capacity of 8.3%. In April 2026, LATAM Airlines transported 6.9 million passengers, an increase of 2.8% year over year. LATAM Airlines Group (LTM - Free Report) reported a year-over-year increase in revenue passenger-kilometers (RPK: a measure of air traffic) for April 2026.
LATAM Airlines reported an 8.3% year-over-year increase in consolidated capacity, measured in available seat-kilometers (ASK). The uptick was driven by an 11.6% increase in international operations, a 6% increase in domestic operations of LATAM Airlines’ affiliates in Chile, Colombia, Ecuador and Peru, along with a 4% increase in capacity offered by LATAM Airlines Brazil.
LTM’s consolidated traffic, measured in revenue passenger-kilometers (RPK), grew 7% year over year, owing to growth across all segments. International traffic rose 10.8%, followed by domestic markets of LATAM Airlines’ affiliates in Chile, Colombia, Ecuador and Peru with 3.3% growth, and LATAM Airlines Brazil domestic traffic reporting year-over-year growth of 2%.
Although traffic improved on a year-over-year basis, it failed to outpace capacity expansion. As a result, the load factor fell 1.1 percentage points to 82.3% in April 2026.
In April 2026, LATAM Airlines transported 6.9 million passengers, an increase of 2.8% year over year. So far this year, LATAM Airlines has transported 29.79 million passengers across its network, reflecting an increase of 7.6% year over year.
LTM’s Zacks Rank & Price PerformanceLATAM Airlines currentlycarries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Shares of LTM have gained 31% in the past year, outperforming the 11.7% increase of the Zacks Airline industry.
LTM Stock’s One-Year Price Comparison Image Source: Zacks Investment Research
April 2026 Traffic of Other Airline CompaniesApart from LATAM Airlines, other airline companies that have reported traffic numbers for April 2026 are Copa Holdings, S.A. (CPA - Free Report) and Ryanair Holdings (RYAAY - Free Report) .
Copa HoldingsCopa Holdings reported robust traffic numbers for April 2026 on the back of upbeat air travel demand. Driven by high passenger volumes, revenue passenger miles (RPM: a measure of air traffic) improved on a year-over-year basis in April.
To match the demand swell, CPA is increasing its capacity. In April, available seat miles (a measure of capacity) increased 16.7% year over year. RPM also improved 16.7% year over year. Since traffic growth has matched capacity expansion, the load factor (the percentage of seats filled by passengers) for April 2026 remained flat at 86.8% on a year-over-year basis.
Ryanair HoldingsEuropean carrier, Ryanair reported solid traffic numbers for April 2026, driven by upbeat air-travel demand. The number of passengers transported on Ryanair flights was 19.3 million in April 2026, reflecting a 5% year-over-year increase. Apart from a year-over-year surge, RYAAY’s traffic in April was much more than the March reading of 15.8 million, the February reading of 13.3 million and the January reading of 12.7 million, highlighting continued momentum from the beginning of the year.
Ryanair’s load factor (percentage of seats filled by passengers) remained flat year over year as well as sequentially at 93% in April 2026, reflecting stable and consistent demand for the carrier’s services. However, it improved from the load factor of 92% reported in February 2026 and 91% reported in January 2026.
RYAAY operated more than 1,08,000 flights in April 2026. This marks an improvement from 88,000 flights operated in March 2026, 75,000 flights operated in February 2026 and 73,000 flights operated in January2026, reflecting expanded capacity to meet strong passenger demand.
We would like to remind investors that Ryanair carried 200.2 million passengers (traffic up 9% year over year) in its fiscal year ending March 2025, positioning itself as the first European airline to reach 200 million passengers in a single year. As a result, RYAAY is now the world’s leading low-fare airline in terms of passenger traffic, with low fares and reduced costs acting as the main catalyst. During the first nine months of fiscal 2026, RYAAY’s traffic grew 4% year over year to 166.5 million passengers.
Given the aforesaid encouraging backdrops, Ryanair has unveiled its raised traffic outlook for fiscal 2026 (concurrent with its third-quarter fiscal 2026 earnings release on Jan. 26, 2026). Ryanair now expects its fiscal 2026 traffic to grow 4% to 208 million passengers (prior view: 207 million), owing to earlier than expected Boeing (BA - Free Report) deliveries and solid demand during the first nine months of fiscal 2026.
Key Takeaways CPA delivered Q1 2026 EPS of $5.16 and revenue of $1.05B, topping estimates and rising Y/Y.CPA guides Q2 margin 8%-12% with ASM 16% as jet fuel 80%-90%, 50% offset by revenue.For 2026, CPA expects capacity to grow 11-13% year over year and expects to end 2026 with 133 aircraft. Copa Holdings, S.A. (CPA - Free Report) reported impressive first-quarter 2026 results, wherein both earnings and revenues surpassed the Zacks Consensus Estimate and improved year over year.
Quarterly earnings of $5.16 outpaced the Zacks Consensus Estimate of $4.43 and improved 20.5% year over year. Revenues of $1.05 billion beat the Zacks Consensus Estimate of $1.03 billion and inched up 17% year over year, due to a 15.3% increase in onboard passengers.
Passenger revenues (which contributed 95.4% to the top line) grew 16.9% year over year to $1.00 billion. The upside was owing to a 15% increase in revenue passenger miles and 1.6% higher yields. Cargo and mail revenues of $29.76 million grew 15.8% year over year, owing to higher cargo volumes. Other operating revenues of $18.49 million improved 27.8% year over year, owing to an increase in ConnectMiles revenues from non-air partners.
Quarterly results reflect a solid and persistent demand environment across the region, constant discipline in lowering unit costs, a passenger-friendly product and its relentless focus on operational excellence.
CPA’s Other Financial DetailsOn a consolidated basis, Copa Holdings’ traffic (measured in revenue passenger miles) grew 15%, and capacity (measured in available seat miles) increased 14% from the year-ago quarter. Since traffic growth outpaced capacity expansion, the load factor (percentage of seats filled by passengers) increased 0.8 percentage points to 87.2% in the reported quarter.
Passenger revenue per available seat mile rose 2.6% year over year to 11.3 cents. Revenue per available seat mile (RASM) rose 2.7% year over year to 11.8 cents.
Cost per available seat mile excluding fuel (CASM ex-fuel) fell 1% year over year to 5.8 cents, reflecting CPA’s continued cost discipline, while CASM rose 1.6% year over year to 8.9 cents in the first quarter owing to higher fuel prices.
The average fuel price per gallon increased 7.5% year over year to $2.73. While the average fuel price increase for the reported quarter was moderate, higher prices in the second half of March led to a nearly $20 million year-over-year net impact on the company’s first-quarter results.
Operating expenses increased 15.8% year over year to $793.8 million in the first quarter, owing to capacity growth, higher maintenance-related costs and an increase in the average price of jet fuel. Expenses on wages, salaries, benefits and other employee expenses rose 17.1% year over year. Sales and distribution costs increased 9.1% year over year. Passenger servicing costs grew 12.4% from the year-ago quarter. Airport facilities and handling charges grew 20.6% year over year. Expenses on fuel/fuel costs rose 21.7% year over year.
CPA repurchased shares worth $45 million during the reported quarter, under the existing $200 million repurchase authorization.
Copa Holdings exited the first quarter with cash and cash equivalents of $374.22 million compared with $382.55 million at the prior-quarter end.
In the first quarter of 2026, CPA took delivery of two Boeing 737-MAX 8 aircraft and ended the quarter with a total fleet of 127 aircraft. During the second quarter of 2026 (so far), CPA took delivery of two additional Boeing 737 MAX 8 aircraft, increasing its total fleet to 129 aircraft.
CPA’s OutlookFor the second quarter of 2026, Copa Holdings anticipates an operating margin in the range of 8% to 12%, with capacity growth in ASMs of 16% year over year. These results are affected by a projected year-over-year increase in the all-in jet fuel price per gallon in the range of 80% to 90%, for which the company anticipates recovering almost 50% through higher revenues. This partial pass-through is a result of the already advanced booking levels.
For 2026, CPA’s management continues to expect consolidated capacity to be up 11%-13% year over year. The load factor for the current year is expected to be 87%. Non-fuel unit costs are anticipated to be 5.7 cents. CPA anticipates to recover a substantial portion of its increased fuel price expenses for the full year, reaching up to 100% by the end of the year.
Copa Holdings expects to end 2026 with 133 aircraft and 2027 with 144 aircraft.
CPA currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Q1 Performances of Other Transportation CompaniesDelta Air Lines (DAL - Free Report) reported first-quarter 2026 earnings (excluding $1.08 from non-recurring items) of 64 cents per share, which beat the Zacks Consensus Estimate of 61 cents. Earnings increased 39.1% on a year-over-year basis due to high labor costs. Adjusted revenues in the March-end quarter were $14.2 billion, beating the Zacks Consensus Estimate of $14 billion and increasing on a year-over-year basis.
United Airlines Holdings, Inc. (UAL - Free Report) reported solid first-quarter 2026 results wherein the company’s earnings and revenues beat the Zacks Consensus Estimate as well as improved on a year-over-year basis.
UAL's first-quarter 2026 adjusted earnings per share (EPS) (excluding 95 cents from non-recurring items) of $1.19 surpassed the Zacks Consensus Estimate of $1.08 and increased 30.8% on a year-over-year basis. The reported figure lies within the guided range of $1.00-$1.50.
Operating revenues of $14.6 billion outpaced the Zacks Consensus Estimate of $14.3 billion and increased 10.5% year over year. Passenger revenues (which accounted for 90.1% of the top line) increased 11% year over year to $13.1 billion. UAL flights transported 42,486 passengers in the first quarter, up 4.1% year over year.
Cargo revenues fell 1.6% year over year to $422 million. Revenues from other sources rose 10.5% year over year to $1.02 billion.
J.B. Hunt Transport Services (JBHT - Free Report) posted first-quarter 2026 earnings per share of $1.49, up 27% from $1.17 a year ago. The result topped the Zacks Consensus Estimate by $0.04, a 2.8% surprise.
Operating revenues totaled $3.06 billion, rising 4.6% year over year. Revenues beat the consensus mark of $2.94 billion, resulting in a 3.9% surprise, as demand proved resilient across several service offerings, led by Intermodal volume growth and higher revenue per load in select highway-related businesses.
Top 5 Highest-Rated Dividend Stocks, According to MarketBeatCopa NYSE: CPA reported stronger first-quarter profit and margins as the Panama-based airline cited robust demand across its network, higher passenger yields and continued cost discipline, while warning that sharply higher jet fuel prices will weigh on second-quarter results.
Executive Chairman and CEO Pedro Heilbron said the company delivered “another quarter of strong financial and operational results,” supported by regional demand and operational execution. He credited Copa’s more than 9,000 employees for helping the airline maintain reliability and cost discipline in what he described as a “higher and volatile jet fuel price environment.”
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5 Highly Rated Dividends With 50% Upside According to AnalystsFor the first quarter, capacity increased 14% year over year, while passenger traffic rose 15%. Load factor improved 0.8 percentage points to 87.2%. Passenger yield increased 1.6%, and revenue per available seat mile, or RASM, rose 2.7% to 11.8 cents.
Unit costs, measured as cost per available seat mile, or CASM, increased 1.6% to 8.9 cents, driven by higher fuel prices. Excluding fuel, CASM declined 1% to 5.8 cents.
Profit rises as margins expand Airline Stocks Off the Beaten Path: 3 Key Picks for InvestorsCFO Peter Donkersloot said Copa reported record net profit of $212 million, or $5.16 per share, representing a 20.5% year-over-year increase in earnings per share. Net margin was 20.2%, up 0.5 percentage points from the prior-year period.
Operating profit was $258 million, producing an operating margin of 24.6%, up 0.8 percentage points from the first quarter of 2025. Heilbron called the margin “industry-leading.”
Donkersloot said the airline’s all-in jet fuel price increased 7.5% year over year to $2.73 per gallon from $2.54. He said higher prices in the second half of March had a more pronounced impact on results, representing about a $20 million year-over-year effect on first-quarter performance.
Copa ended the quarter with about $1.5 billion in cash, short-term and long-term investments, equal to 40% of last-12-month revenue. Donkersloot said that figure excludes about $700 million in pre-delivery deposits for new aircraft, as well as 45 unencumbered aircraft and 15 unencumbered spare engines with an estimated value of more than $1 billion.
Total debt, including lease liabilities, stood at $2.4 billion. The company ended the quarter with an adjusted net debt-to-EBITDA ratio of 0.7 times. Donkersloot said Copa’s average cost of debt, which is made up solely of aircraft-related financing, remained “highly competitive” at 3.6%.
Fuel pressures weigh on second-quarter outlook Copa expects second-quarter operating margin of 8% to 12%, with capacity, measured in available seat miles, rising about 16% year over year. Donkersloot said the guidance reflects a projected year-over-year increase of 80% to 90% in the all-in jet fuel price per gallon.
The company expects to recover about 50% of that increase through higher revenue in the second quarter. Donkersloot said the partial pass-through reflects advanced booking levels already in place before fare increases.
For the full year, Copa continues to expect capacity growth of 11% to 13%, load factor of about 87% and CASM excluding fuel of about 5.7 cents. Based on the current fuel curve and assuming recent yield improvements are sustained, Donkersloot said Copa expects to recover a substantial portion of the increased fuel expense for the year, “reaching up to 100% by the end of the year.”
The company did not update its full-year operating margin or RASM expectations, saying it would review them as conditions stabilize and visibility for the second half improves.
Demand remains broad-based across regions During the analyst question-and-answer session, Heilbron said Copa is seeing strength across its network rather than in any single region.
“There’s always weakness somewhere, but right now, every region we serve is performing very well and is showing strength,” Heilbron said in response to a question from Raymond James analyst Savi Syth.
He also said stronger Latin American currencies are helping demand, noting that Copa prices tickets in U.S. dollars and tends to benefit when regional currencies strengthen. “Most of the important ones or the larger markets are up double digits” compared with a year ago, Heilbron said.
Asked by JPMorgan analyst Julia Orsi about sensitivity to higher fares, Heilbron pointed to April results, saying capacity and traffic both grew around 16% despite industrywide yield adjustments intended to offset fuel costs. He said that combination was “a good testament” to demand strength in the region.
Network expansion and fleet plans continue Copa resumed service to Valencia and Barquisimeto and plans to restart Barcelona in June. Together with existing service to Maracaibo and Caracas, the airline will serve five cities in Venezuela from its Hub of the Americas in Panama. Heilbron said the airline will operate to 87 destinations in 32 countries.
He said Copa is the only international airline that did not stop flying to Venezuela, except for a roughly 10-day window related to safety concerns during a military operation. By June, Copa expects to return to the same Venezuela capacity it had a little more than a year ago, with five cities and more than 40 weekly flights. Heilbron said Venezuela is not expected to have a significant impact on unit revenue or yields because it will be “in the average.”
On fleet, Heilbron said Copa took delivery of two Boeing 737 MAX 8 aircraft during the quarter. He also noted that in April the company announced a new Boeing 737 MAX order for 40 firm aircraft and 20 options, with deliveries scheduled between 2030 and 2034. The order follows the completion of Copa’s current order book in 2029 and is intended to support longer-term growth.
Heilbron said Copa maintains flexibility through options, slide rights, lease expirations and unencumbered aircraft, allowing it to adjust growth if needed. In response to Deutsche Bank analyst Michael Linenberg, he said Copa took delivery of 13 aircraft last year and expects seven or eight deliveries this year.
Donkersloot said cash capital expenditures for the year are expected to be about $300 million, mostly for maintenance. Including fleet capital expenditures, the total would be approximately $750 million to $800 million for the year.
Shareholder returns continue Copa’s board ratified the company’s second quarterly dividend for the year of $1.71 per share, payable June 15 to shareholders of record as of May 29. Donkersloot also said Copa repurchased $45 million of shares during the quarter, representing approximately 1% of total outstanding shares.
Heilbron closed the call by saying Copa has “the strongest network,” low unit costs for a full-service airline and a product he described as superior to most narrow-body competitors. He said the company is “in a really good position to deal with the current crisis and come out ahead as we’ve been able to do in the past.”
About Copa NYSE: CPACopa Holdings, SA NYSE: CPA is a Panama‐based aviation holding company that provides passenger and cargo air transportation across the Americas and the Caribbean. Through its principal subsidiary, Copa Airlines, the company operates a modern fleet of Boeing 737 aircraft, offering scheduled flights that connect passengers through its Tocumen International Airport hub in Panama City. The company also offers dedicated cargo services under the Copa Cargo brand, leveraging belly hold capacity on its passenger flights to transport freight throughout its network.
The roots of Copa Holdings trace back to 1947, when Compañía Panameña de Aviación began operations as the flag carrier of Panama.
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On May 13, 2026, Marathon Capital Management disclosed in an SEC filing that it sold 23,765 shares of Copa Holdings (CPA +0.32%), an estimated $3.12 million trade based on quarterly average pricing.
Sold 23,765 shares of Copa Holdings; estimated trade size was $3.12 million based on quarterly average pricingQuarter-end position value decreased by $3.06 million, reflecting both share sales and stock price movementsTransaction represented a 0.7% change in 13F reportable AUMPost-trade stake: 27,788 shares valued at $3.16 millionPosition now accounts for 0.71% of fund AUM, which places it outside the fund's top five holdingsWhat happenedAccording to a SEC filing dated May 13, 2026, Marathon Capital Management reduced its holding in Copa Holdings by 23,765 shares during the first quarter of 2026. The estimated transaction value was $3.12 million, based on the average unadjusted closing price for the quarter. The quarter-end value of the position decreased by $3.06 million, reflecting both trading activity and market price changes. The firm now holds 27,788 shares, worth $3.16 million at quarter end.
What else to knowMarathon Capital Management continued to reduce its position in Copa Holdings, which now represents 0.71% of 13F reportable AUMTop holdings after the filing:NASDAQ:TROW: $57.56 million (12.9% of AUM)NYSEMKT:BIL: $17.91 million (4.0% of AUM)NYSE:GLW: $14.30 million (3.2% of AUM)NASDAQ:GOOGL: $14.19 million (3.2% of AUM)NYSE:AZN: $12.85 million (2.9% of AUM)As of May 21, 2026, shares of Copa Holdings were priced at $137.07, up 34.37% over the past year, underperforming the S&P 500 by 6.9 percentage pointsCompany overviewMetricValueRevenue (TTM)$3.62 billionNet income (TTM)$671.65 millionDividend yield4.77%Price (as of market close May 21, 2026)$137.07Company snapshotCPA provides scheduled airline passenger and cargo services across 69 destinations in the Americas and the Caribbean, operating a fleet of Boeing 737 aircraft.Copa generates revenue primarily from ticket sales, ancillary services, and cargo transport, leveraging its hub-and-spoke model based in Panama City.The company serves business and leisure travelers, as well as commercial cargo clients, with a focus on connectivity throughout North, Central, and South America.Copa Holdings is a leading Latin American airline group, operating over 200 daily flights from its strategic hub in Panama City.
What this transaction means for investorsMarathon trimmed Copa Holdings during the first quarter, and with the stock up nearly 19% over the past year, the trade reads more like portfolio housekeeping than a change in view. Copa is worth understanding on its own terms. The airline operates out of Tocumen International Airport in Panama City, which functions as the busiest connecting hub in Latin America — a geographic position that no single-country carrier in the Americas can easily replicate. The business model is simple and disciplined: one fleet type, a focused route network, and a cost structure that has historically supported margins well above the regional airline average. That combination of hub scarcity, operational focus, and lean costs is a durable setup, not one that ages quickly. The risks are real. Copa's passenger base spans markets that can turn fast on currency moves or political instability, and fuel costs come in dollars while revenue is partly denominated in weaker regional currencies. The metrics worth watching are load factor and unit costs — when those move together, the earnings story tends to follow. Copa isn't priced like a premium business despite operating like one, which is partly the EM risk discount that follows any Latin American asset. For investors comfortable with that trade-off, the setup is more interesting than a routine institutional trim might suggest.
Seena Hassouna has positions in Alphabet. The Motley Fool has positions in and recommends Alphabet, AstraZeneca Plc, Corning, and T. Rowe Price Group. The Motley Fool recommends Copa. The Motley Fool has a disclosure policy.
SoFiUSD Becomes the First Stablecoin Issued by a US National Bank to Launch on a Banking Platform SoFi Technologies, Inc. (NASDAQ: SOFI), a member-centric, everything app for digital financial services, announced today that SoFiUSD, a bank-issued U.S. dollar stablecoin, is available for SoFi members to buy, sell, hold, and convert directly within the SoFi app.
This marks the first time that a U.S. national bank-issued stablecoin is available directly on a banking app. By expanding SoFiUSD to its nearly 15 million members, SoFi is building the bridge between traditional banking and digital assets. By integrating blockchain technology within its banking ecosystem, SoFi is helping to make digital financial tools more accessible, practical, and trustworthy.
“At SoFi, we believe we can combine the speed and versatility of the blockchain with the trust of a bank to improve how money moves around the world,” said Anthony Noto, CEO of SoFi. “People no longer have to choose between blockchain technology and regulated banking products. With SoFiUSD, we’re giving our members a single place to buy, hold, and pay with digital assets in the same app they already use to save, spend, borrow, and invest.”
A New Standard for Trust in Digital Assets
SoFiUSD is the first stablecoin issued by a U.S. national bank and offers:
1:1 Redemption: SoFiUSD is redeemable 1:1 for U.S. dollars from SoFi Bank. SoFi Bank maintains liquid assets to support all outstanding SoFiUSD. Bank-Grade Safeguards: Members benefit from the transparency of a regulated institution, including regular attestations that are performed by an independent Certified Public Accountant (CPA) licensed in the United States. Multi-Chain Flexibility: SoFiUSD is available on Ethereum and Solana – two of the largest networks for digital asset transactions – with additional networks being added. Today’s launch is the first phase of a broader roadmap to integrate stablecoin utility across the entire SoFi ecosystem. In the coming weeks, SoFi plans to rapidly add to their product offering by:
Building the ability for SoFi members to convert SoFiUSD into tokenized deposits, allowing members to earn interest and access FDIC insurance on the deposits. Separate deposit account terms will apply. Offering global mobility on the blockchain, by allowing SoFi members to move value across borders 24/7/365, with fewer delays and lower costs than typical legacy financial systems. Launching SoFiUSD on its first centralized exchange partner, Bullish, to provide seamless trading for institutional clients. This relationship further supports stable pricing and efficient execution for high-volume trades. SoFiUSD is built to help bridge the gap between the flexibility of a stablecoin and the stability of a bank. It is supported by deep institutional liquidity and efficient execution, helping promote stable pricing and reliable high-volume trading for all members. Members can access SoFiUSD starting today, with full availability expected by early June as users update to the latest version of the SoFi app. Learn more about SoFiUSD here.
About SoFi
SoFi Technologies (NASDAQ: SOFI) is the everything app for digital financial services on a mission to help people achieve financial independence to realize their ambitions. 14.7 million members trust SoFi to borrow, save, spend, invest, and protect their money and buy, sell and hold their crypto – all in one app – and get access to financial planners, exclusive experiences, and a thriving community. Fintechs, financial institutions, and brands use SoFi’s technology platform Galileo to build and manage innovative financial solutions across 133 million global accounts. For more information, visit www.sofi.com or download our iOS and Android apps.
Disclosures:
CRYPTOCURRENCY AND OTHER DIGITAL ASSETS ARE NOT FDIC INSURED • ARE NOT BANK GUARANTEED • MAY LOSE VALUE
SOFID is a payment stablecoin issued by SoFi Bank, N.A., regulated by the OCC. SOFID is designed to maintain a stable value relative to the U.S. dollar. SOFID is not a deposit, is not insured by the FDIC or SIPC, is not bank guaranteed, is not legal tender, and may lose value. Blockchain transactions are generally irreversible and may be subject to delays, disruptions, or permanent loss. Terms, conditions, and restrictions apply. See the SOFID Terms of Use and SOFID Risk Disclosure before transacting and more details.
Availability of Other Information About SoFi
Investors and others should note that we communicate with our investors and the public using our website (https://www.sofi.com), the investor relations website (https://investors.sofi.com), and on social media (X and LinkedIn), including but not limited to investor presentations and investor fact sheets, Securities and Exchange Commission filings, press releases, public conference calls and webcasts. The information that SoFi posts on these channels and websites could be deemed to be material information. As a result, SoFi encourages investors, the media, and others interested in SoFi to review the information that is posted on these channels, including the investor relations website, on a regular basis. This list of channels may be updated from time to time on SoFi’s investor relations website and may include additional social media channels. The contents of SoFi’s website or these channels, or any other website that may be accessed from its website or these channels, shall not be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended.
Certain of the statements above are forward-looking and as such are not historical facts. This includes, without limitation, statements regarding expectations for the expansion of the SoFiUSD product offering and other related future products, SoFi’s ability to convert SoFiUSD into tokenized deposits and the ability of tokenized deposits to earn interest and access FDIC insurance, expectations regarding SoFi’s partnership with Bullish and its effect on stable pricing and trade execution, SoFi’s ability to navigate the regulatory environment related to the products it launches, demand for SoFi products, expectations regarding the future of financial services and the adoption of stablecoin to power financial infrastructure, and the financial position, business strategy and plans and objectives of management for SoFi’s future operations. These forward-looking statements are not guarantees of performance. Such statements can be identified by the fact that they do not relate strictly to historical or current facts. Words such as “expect”, “could”, “continue”, “future”, “may”, “plan”, “will”, “will be”, “will continue”, and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. Factors that could cause actual results to differ materially from those contemplated by these forward-looking statements include: (i) the impact on each of SoFi’s and their partners’ business as a result of the regulatory environment, changes in governmental policies, changes in personnel and resources of the governmental agencies that regulate us, and complexities with compliance related to such environment; (ii) SoFi’s and their partners’ ability to continue to drive brand awareness and realize the benefits of their respective marketing and advertising campaigns; (iii) SoFi’s ability to manage planned products effectively and expectations regarding the development and expansion of its business; (iv) SoFi’s ability to predict the demand for new products and the future of the financial services industry; (v) SoFi’s ability to develop new products, features and functionality that are competitive and meet market needs; (vi) SoFi’s ability to maintain the security and reliability of their respective products; and (vii) the outcome of any legal or governmental proceedings instituted against SoFi. The foregoing list of factors is not exhaustive. You should carefully consider the foregoing factors and the other risks and uncertainties set forth in the section titled “Risk Factors” in SoFi’s last annual report on Form 10-K as filed with the Securities and Exchange Commission, and those that are included in any future filings with the Securities and Exchange Commission. These forward-looking statements are based on information available as of the date hereof and current expectations, forecasts and assumptions, and involve a number of judgments, risks and uncertainties. Accordingly, forward-looking statements should not be relied upon as representing SoFi’s views as of any subsequent date, and we do not undertake any obligation to update forward-looking statements to reflect events or circumstances after the date they were made, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws.
The ongoing tensions between the United States and Iran have resulted in a sharp rise in oil prices, a key input cost for airlines. The ongoing uncertainty over talks between them has repeatedly put the fragile ceasefire under strain. Stocks in the Zacks Transportation - Airline industry have been badly hit by this uncertain scenario that has resulted in multiple flight cancellations and disruptions to connectivity. Crude prices have moved sharply on headlines tied to the Strait of Hormuz, a critical shipping route
Oil prices have remained elevated, currently fluctuating between $90 and $95 per barrel. High labor costs are also hurting bottom-line growth. Despite these headwinds, the industry has shown resilience, particularly among companies focusing on growth strategies and operational efficiency. The upbeat air-travel demand witnessed during the Memorial Day weekend is also a positive for airline stocks. Notable players expected to withstand these challenges include American Airlines (AAL - Free Report) , Copa Holdings (CPA - Free Report) . and Allegiant Travel Company (ALGT - Free Report) .
About the Industry The Zacks Airline industry players are engaged in transporting passengers and cargo to various destinations globally. Most operators maintain a fleet of multiple mainline jets in addition to several regional planes. Their operations are aided by the regional airline subsidiaries and third-party regional carriers. Additionally, industry players utilize their respective cargo divisions to offer a wide range of freight and mail services. The players invest substantially to upgrade technology. The industry, apart from comprising legacy carriers, includes low-cost players. The well-being of companies in this group is linked to the health of the overall economy. For example, the aviation space was one of the worst pandemic-hit corners, with passenger revenues taking a beating. However, air travel demand has improved from the pandemic lows, despite the current high oil price scenario.
Factors Relevant to the Industry's Fortunes Surge in Fuel Costs – A Bane: The ongoing conflict in the Middle East has resulted in a sharp jump in oil prices. This northward movement in oil prices is naturally hurting the bottom line of airlines. This is because fuel expenses represent a key input cost for airlines. With most U.S. carriers having abandoned fuel hedging strategies, such an oil supply disruption has left them fully exposed to price spikes. This development may hurt the second-quarter earnings of airlines, particularly in the event of the conflict persisting.
Uptick in Labor Costs: The increase in expenses on the labor front represents another challenge for airlines. For example, at American Airlines, salaries and related costs have increased 10.7% year over year in the first quarter of 2026. With U.S. airlines grappling with labor shortages, the bargaining power of various labor groups has naturally increased. As a result, we have seen pay-hike deals being inked in the space. This is resulting in a spike in labor costs, limiting bottom-line growth in turn.
Upbeat Summer Travel – A Positive: Despite headwinds like high inflation, elevated fuel and labor costs, air-travel demand, particularly on the leisure front, remains healthy as exemplified by the upbeat Memorial Day weekend air travel scenario. In fact, passenger volumes, despite high air fares, are expected to remain strong during the entire summer season. For example, American Airlines expects record travel during the summer season (May 21-Sept. 8). During the period, the airline expects to fly 75 million passengers across 750,000 flights, smashing its previous record established in 2019.
Strong Financial Returns for Shareholders: With economic activities gaining pace from the pandemic lows, more and more companies are allocating their increasing cash pile by way of dividends and buybacks to pacify long-suffering shareholders. This underlines their financial strength and business confidence.
Among airlines, CPA’s board of directors approved a dividend hike of 6.2%, thereby raising its quarterly cash dividend to $1.71 per share ($6.84 annualized) from $1.61 ($6.44 annualized). The move reflects CPA’s intention to utilize free cash to enhance its shareholders’ returns.
Zacks Industry Rank Signals Dull Prospects The Zacks Airline industry is a 23-stock group within the broader Zacks Transportation sector. The industry currently carries a Zacks Industry Rank #233, which places it in the bottom 9% of 245 Zacks industries.
The group’s Zacks Industry Rank, basically the average of the Zacks Rank of all the member stocks, indicates murky near-term prospects. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
The industry’s positioning in the bottom 50% of the Zacks-ranked industries is a result of a negative earnings outlook for the constituent companies in aggregate.
Looking at the aggregate earnings estimate revisions, it appears that analysts are gradually losing confidence in this group’s earnings growth potential. The industry's earnings estimate for 2026 has decreased 36.1% on a year-over-year basis.
Before we present a few stocks from the industry that you may want to hold on to, let’s take a look at the industry’s recent stock market performance and the valuation picture.
Industry Surpasses Sector but Lags S&P 500 Over the past year, the Zacks Transportation - Airline industry has gained 23.2% compared with the S&P 500 composite’s rise of 31.2%. The broader sector has gained 22.1% in the said time frame.
One-Year Price Performance
Valuation Picture The price/sales (P/S) ratio is often used to value airline stocks. The industry currently has a forward 12-month P/S of 0.57X compared with the S&P 500’s 5.27X. It is also below the sector’s forward-12-month P/S of 1.4X.
Over the past five years, the industry has traded as high as 0.88X, as low as 0.29X and at the median of 0.45X.
Forward 12-Month Price-to-Sales Ratio (Past Five Years) 3 Airline Stocks to Monitor Now American Airlines is based in Fort Worth, TX. Strong air travel demand, particularly on the leisure front, despite high fuel costs, is aiding AAL. Efforts to broaden its network are also praiseworthy.
The company’s high debt levels are worrisome. The carrier’s earnings have surpassed the Zacks Consensus Estimate in three of the past four quarters (missing the mark in the other quarter). The average beat is 2.6%. American Airlines currently carries a Zacks Rank #3 (Hold).
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here
Price and Consensus: AAL
Copa Holdings, based in Panama City, Panama, currently carries a Zacks Rank #3. The company is benefiting from strong domestic air travel demand owing to factors like regional economic expansion, its ability to adapt to market trends, and focus on innovative strategies.
Despite the tough conditions, the airline demonstrated resilience. Copa Holdings’ earnings beat the Zacks Consensus Estimate in three of the past four quarters (missing the mark on the other occasion). The average beat is 6.5%. The Zacks Consensus Estimate for current and next-year earnings has been revised 0.7% and 4.7% upward over the past 60 days, respectively.
Price and Consensus: CPA
Allegiant Travel's unique business model, coupled with its low-cost nature, offers diversified revenue streams from leisure travel flights as well as multiple travel services and product offerings. Efforts to upgrade its fleet are praiseworthy as well. ALGT aims to end the second quarter of 2026 with a fleet size of 125.
ALGT’s earnings surpassed estimates in three of the last four quarters and missed the mark once. The average beat was 21.9%. Allegiant currently carries a Zacks Rank #3.
A model aircraft is displayed during a ceremony where Copa Airlines signed a $13.5 billion deal with Boeing and GE Aerospace to buy up to 60 Boeing 737 Max aircraft over the next eight years,... Purchase Licensing Rights, opens new tab Read more
CompaniesRIO DE JANEIRO, June 7 (Reuters) - Copa Airlines (CPA.N), opens new tab has no plans to hedge fuel despite the recent price shock linked to the war in Iran, CEO Pedro Heilbron told Reuters, betting its strong balance sheet and pricing adjustments will help absorb the impact.
The Panamanian carrier has not used fuel hedges for more than a decade and does not intend to change course, he added in an interview on Saturday on the sidelines of a global gathering of airline executives in Rio de Janeiro.
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"We're just assuming the cost," Heilbron said. "Yields have been adjusted, but we're not covering 100%. It's a partial impact."
Airlines globally have been raising fares in response to higher fuel costs, though increases are constrained by competition and demand sensitivity. The industry is banking on fuel prices to gradually ease, the executive said.
Heilbron noted Copa's strong liquidity and conservative balance sheet provide flexibility to weather volatility. "That gives us room to maneuver and to also be resilient," he said.
Demand in Latin America has remained healthy, Heilbron said, supported by stronger currencies in key markets such as Brazil.
Copa, which operates a hub model from Panama connecting destinations across the Americas and flies only Boeing (BA.N), opens new tab 737 aircraft, continues to grow in line with deliveries from the U.S. planemaker.
The carrier recently agreed to buy up to 60 737 MAX jets, which Heilbron said would enable both expansion and fleet renewal.
"There's high demand for new aircraft for both Boeing and Airbus (AIR.PA), opens new tab. So if one doesn't order early enough, then one is left without deliveries. So this new order is from 2030 to 2034," he said.
The order includes flexibility across MAX variants and options for the larger MAX 10, which has yet to be certified. Copa is reviewing its future fleet mix and has not made a final decision on the variant.
Boeing's performance has improved, with deliveries arriving on time or slightly ahead of schedule, the CEO said.
Reporting by Gabriel Araujo and Luciana Magalhães in Rio de Janeiro, editing by Manuela Andreoni
Our Standards: The Thomson Reuters Trust Principles., opens new tab
Gabriel is a Sao Paulo, Brazil-based reporter covering Latin America's financial and breaking news from the region's largest economy. A graduate of the University of Sao Paulo, joined Reuters while in college as a Commodities & Energy intern and has been with the firm ever since. Previously covered sports - including soccer and Formula One - for Brazilian radios and websites.
An American Airlines airplane sits parked at Fort Lauderdale - Hollywood International Airport as a United Airlines flight lands, in Fort Lauderdale, Florida, U.S., April 23, 2026.... Purchase Licensing Rights, opens new tab Read more
WASHINGTON, June 8 (Reuters) - Fuel costs for U.S. airlines jumped 78% in April to nearly $6.5 billion compared with the year before, as the Middle East conflict drives up jet fuel prices, the U.S. Transportation Department said Monday.
Airlines' fuel costs were up 26% over March and carriers used 2.6% less fuel in April over March, USDOT said in a monthly report.
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The cost per gallon of fuel in April was $4.11, up $1.81 over April 2025, USDOT added, a trend that has already had an impact on the sector. Spirit Airlines, an ultra low-cost U.S. carrier, ceased operations in May, saying rising fuel prices left it no choice.
Delta Air Lines (DAL.N), opens new tab, United Airlines (UAL.O), opens new tab, American Airlines (AAL.O), opens new tab and Southwest Airlines (LUV.N), opens new tab account for about 80% of U.S. domestic flights.
The International Air Transport Association, which represents more than 370 airlines accounting for about 85% of global air traffic, said in its annual report Sunday that it expects the industry to post a combined net profit of $23 billion in 2026, well below a previous projection of about $41 billion and down from $45 billion in 2025.
Average fares for flights with a U.S. origin have risen this year by as much as 31% for domestic trips and 22% for international ones, when compared to the same weeks in 2025, according to KAYAK search data.
The Middle East conflict, triggered by U.S. and Israeli airstrikes on Iran, has also forced airlines to reroute flights around closed or restricted airspace, increasing fuel burn and straining already tight capacity.
Oil prices have surged on fears of supply disruption, pushing jet fuel prices sharply higher and widening refinery margins, leaving airlines facing a steep jump in their largest cost.
IATA expects airlines' fuel bill to surge to about $350 billion this year from roughly $252 billion in 2025, with fuel accounting for nearly a third of operating costs.
Reporting by David Shepardson; Editing by Mark Porter and David Holmes
Our Standards: The Thomson Reuters Trust Principles., opens new tab
On June 10, 2026, Copa Holdings SA CPA shares fell 5.1% to $128.51. This decline comes amid a 52-week trading range of $99.32 to $156.41, reflecting both volatility and potential investor concern.
GF Value™ verdict indicates that CPA is currently priced above its estimated fair value of $112.81, representing a 13.9% overvaluation.With a GF Score™ of 87/100, CPA is considered strong, suggesting it has the potential for long-term outperformance.Notable signals include a momentum rank of 8/10, indicating positive short-term price performance. Is CPA Overvalued or Undervalued? Currently, Copa Holdings SA CPA is trading at $128.51, which is above its GF Value™ estimate of $112.81. This positions the stock as overvalued by approximately 13.9%. The GF Valuation label classifies CPA as modestly overvalued, suggesting that the current price may not adequately reflect the company's intrinsic value. With the stock trading above its fair value, there is a possible risk of price correction, which could impact potential returns for investors.
GF Value™ is GuruFocus' proprietary measure of intrinsic value, calculated from historical trading multiples, past business growth, and future performance estimates. Investors may want to consider the margin of safety when evaluating their position, as an overvalued stock carries the risk of price declines should market sentiments shift.
How Does CPA's Valuation Compare to Its History? Metric Current Historical P/E (TTM) 7.5x 7.8x Forward P/E 8.1x N/A Currently, CPA's P/E (TTM) stands at 7.5x, which is 4% below its 5-year median P/E of 7.8x. The forward P/E of 8.1x indicates an expectation of slight earnings growth. This P/E analysis aligns with the GF Value™ verdict that suggests the stock is overvalued, as it is trading below its historical valuation metrics, potentially indicating that the current price does not justify the earnings yield offered by the stock.
What Does CPA's GF Score™ Tell Us? Metric Rating GF Score™ 87/100 Financial Strength 6/10 Profitability 8/10 Growth 8/10 Valuation 6/10 Momentum 8/10 The GF Score™ of 87/100 indicates a strong overall performance, particularly in profitability and growth, both rated at 8/10. However, the financial strength score of 6/10 and valuation score of 6/10 suggest areas for improvement. The strong momentum rank also reflects positive short-term price performance, which could indicate potential resilience in volatile markets.
What Are Insiders Doing with CPA Stock? In the last three months, there have been no insider transactions reported for Copa Holdings SA CPA . The absence of insider buying or selling can often indicate a lack of significant changes in management sentiment regarding the stock. This lack of activity may suggest that insiders are either confident in the company’s current valuation or are waiting for a more favorable market condition to act.
What This Means for Investors Based on the current assessment, Copa Holdings SA CPA is classified as overvalued according to the GF Value™ estimate. This suggests that potential investors should consider the risks associated with entering a position at this price level, especially given the 13.9% overvaluation relative to the intrinsic value.
For the complete analysis, visit the Copa Holdings SA CPA stock page. You can also explore the GF Value™ page for detailed valuation methodology, or use the GuruFocus Stock Screener to find similar opportunities.
Frequently Asked Questions What is CPA's GF Score™?
CPA's GF Score™ is 87/100, indicating a strong overall performance based on key factors that predict long-term returns.
Is CPA overvalued or undervalued?
CPA is currently overvalued, with the GF Value™ estimate suggesting a fair value of $112.81 compared to the current price of $128.51.
What is CPA's P/E ratio?
CPA has a P/E (TTM) ratio of 7.5x, which is slightly below its 5-year median P/E of 7.8x, indicating a modestly favorable earnings yield compared to historical levels.
This stock alert was generated using automated technology and GuruFocus financial data to provide readers with timely and accurate market reporting. This content was reviewed by GuruFocus editorial team prior to publication. Please send any questions or comments about this story to [email protected].
Bitcoin's highest-conviction holders have joined the sell-off in the cryptocurrency, which could signal the beginning of the end of the ongoing crypto slump, according to Compass Point.
Long-term holders — defined as those who have held onto their coins for at least 155 days, or about five months — were largely inactive from February to April but have turned into sellers in recent weeks, Compass Point analyst Ed Engel said in a note Tuesday.
In the past two days they've sold about $2.4 billion in bitcoin, "which has large implications on BTC's supply/demand balances," Engel said.
He also highlighted that 26% of bitcoin sold in the past 30 days came from investors who bought it above $90,000.
"This cohort of top-buyers had been resilient throughout the bear market; however, they're finally capitulating as BTC approaches new cycle lows," he added. "Top-buyer capitulation is a very common theme in late cycle bear markets. This makes us more confident that BTC's bear market is in late stages."
Bitcoin has been struggling to climb back toward its October record of more than $126,000 as uncertainty around the Iran war has kept the price under pressure. Meanwhile, the stock market has risen to new records. The divergence has investors questioning both of bitcoin's dominant narratives: that it is "digital gold" that should benefit from geopolitical uncertainty, and that it trades like a high beta tech stock.
On Tuesday, bitcoin ETFs registered their 12th day in a row — and longest streak ever — of net outflows, according to SoSoValue. Net assets across bitcoin ETFs fell to $85 billion from $107.8 billion on May 14.
Bitcoin is down 12% week-to-date after some fear-based unloading on Monday — following Strategy's minor sale of 32 coins — triggered a cascade of long liquidations that accelerated the downward pressure.
Still, analysts say Strategy's sale is not a significant factor driving bitcoin's price.
"ETF flows are the primary driver of BTC price appreciation, explaining approximately 45% of weekly return variation, and the best vehicle for tracking investor adoption/appetite," Citi analyst Alex Saunders said in a note. "Recent flows have been negative, and the chances for the passage of a U.S. market structure bill (a potential catalyst for renewed investor interest in our view) are diminishing.
"We expect sentiment to remain lackluster, especially as the divergence with equity performance remains stark, absent positive news on the regulatory front or 'de-basement trade' fears around fiscal position," he added.
, /PRNewswire/ -- Bitmine Immersion Technologies, Inc. (NYSE: BMNR) ("BMNR," "Bitmine" or the "Company") today announced that, subject to market and other conditions, it intends to offer, in a public offering (the "offering") registered under the Securities Act of 1933, as amended (the "Securities Act"), 3,000,000 shares of BMNR's 9.50% Series A Perpetual Preferred Stock (the "Series A Preferred Stock").
BMNR intends to use the net proceeds from the offering for general corporate purposes, which may include the acquisition of additional ETH and other digital assets; the expansion of the Company's staking and validator infrastructure, including through MAVAN; working capital; strategic investments aligned with the Ethereum ecosystem and broader digital asset adoption; and/or repurchases of the Company's common stock under its share repurchase program.
The Series A Preferred Stock will accumulate cumulative dividends at a fixed rate of 9.50% per annum on the stated amount, which is $100 per share of Series A Preferred Stock, regardless of whether or not declared or funds are legally available for their payment (the "stated amount"). Regular dividends on the Series A Preferred Stock will be payable when, as and if declared by BMNR's board of directors, out of funds legally available for their payment, weekly in arrears; provided that the Company may in the future elect, in its sole discretion, to pay regular dividends more frequently. Declared regular dividends on the Series A Preferred Stock will be payable solely in cash. In the event that any accumulated regular dividend on the Series A Preferred Stock is not paid on the applicable regular dividend payment date, then additional regular dividends ("compounded dividends") will accumulate on the amount of such unpaid regular dividend, compounded weekly at the compounded dividend rate. The Company will have the flexibility to elect to increase the payment frequency of regular dividends to be more often than weekly and, in the event that the Company so elects, the additional dividend rate increase per regular dividend period will be proportionately reduced to reflect such shorter regular dividend period such that the maximum aggregate additional dividend rate increase per annum is 260 basis points.
The compounded dividend rate applicable to any unpaid regular dividend that was due on a regular dividend payment date will initially be a rate per annum equal to 9.50% plus 5 basis points (based on a weekly regular dividend period); provided, however, that, until such regular dividend, together with compounded dividends thereon, is paid in full, such compounded dividend rate will increase by 5 basis points per annum (based on a weekly regular dividend period) for each subsequent regular dividend period, up to a maximum dividend rate of 15% per annum.
The Company will have the right, at its election, to redeem the Series A Preferred Stock, in whole or in part, at any time, or from time to time, for cash as follows: (i) from the original issue date until eighteen (18) months after the original issue date, at a redemption price equal to 110% of the stated amount per share; (ii) from eighteen (18) months to three (3) years after the original issue date, at a redemption price equal to 105% of the stated amount per share; and (iii) after three (3) years following the original issue date, at a redemption price equal to 100% of the stated amount per share; plus, in each case, accumulated and unpaid dividends thereon to, but excluding, the redemption date.
In addition, the Company will have the right to redeem all, but not less than all, of the Series A Preferred Stock if the total number of shares of all Series A Preferred Stock then outstanding is less than 25% of the total number of shares of Series A Preferred Stock originally issued in the offering and in any future offering taken together. The Company will also have the right to redeem all, but not less than all, of the Series A Preferred Stock if certain tax events occur. The redemption price for any Series A Preferred Stock to be redeemed in connection with a clean-up call or tax event will be a cash amount equal to the liquidation preference of the Series A Preferred Stock to be redeemed as of the business day before the date on which the Company sends the related redemption notice, plus accumulated and unpaid regular dividends to, but excluding, the redemption date.
If an event that constitutes a "fundamental change" under the certificate of designations governing the Series A Preferred Stock occurs, then holders of the Series A Preferred Stock will have the right to require BMNR to repurchase some or all of their shares of Series A Preferred Stock at a cash repurchase price equal to the stated amount of the Series A Preferred Stock to be repurchased, plus accumulated and unpaid regular dividends, if any, to, but excluding, the fundamental change repurchase date.
The liquidation preference of the Series A Preferred Stock shall initially be $100 per share. Effective immediately after the close of business on each business day after the initial issue date (and, if applicable, during the course of a business day on which any sale transaction to be settled by the issuance of Series A Preferred Stock is executed, from the exact time of the first such sale transaction during such business day until the close of business of such business day), the liquidation preference per share of Series A Preferred Stock will be adjusted to be the greatest of (i) the stated amount per share of Series A Preferred Stock; (ii) in the case of any business day with respect to which the Company has, on such business day or any business day during the ten (10) trading day period preceding such business day, executed any sale transaction to be settled by the issuance of Series A Preferred Stock, an amount equal to the last reported sale price per share of Series A Preferred Stock on the trading day immediately before such business day; and (iii) the arithmetic average of the last reported sale prices per share of Series A Preferred Stock for each trading day of the ten (10) consecutive trading days immediately preceding such business day; provided, however, that, if applicable, the reference in (iii) to ten (10) will be replaced by such lesser number of trading days as have elapsed during the period from, and including, the initial issue date to, but excluding, such business day. However, the liquidation preference will not be adjusted to an amount that is less than $100 per share.
BMNR has applied to list the Series A Preferred Stock on The New York Stock Exchange under the symbol "BMNP." If the listing is approved, BMNR expects trading to commence within 30 days after the date the Series A Preferred Stock is first issued.
Moelis & Company and Cantor are acting as joint lead bookrunners for the offering.
The offering is being made pursuant to an effective shelf registration statement on Form S-3 (File No. 333-288579), filed with the Securities and Exchange Commission (the "SEC") on July 9, 2025 (the "Registration Statement"). The offering will be made only by means of a prospectus supplement and an accompanying prospectus included in the Registration Statement. An electronic copy of the preliminary prospectus supplement, together with the accompanying prospectus, is available on the SEC's website at www.sec.gov. Alternatively, copies of the preliminary prospectus supplement, together with the accompanying prospectus, can be obtained by contacting: Moelis & Company LLC, 399 Park Avenue 4th Floor, New York, NY 10022, by phone: 1-800-539-9413, or Cantor Fitzgerald & Co., Attention: Capital Markets, 110 East 59th Street, New York, NY 10022, by phone: 1-212-938-5000, or by email: [email protected].
This press release does not constitute an offer to sell, or the solicitation of an offer to buy, any securities referred to in this press release, nor will there be any sale of any such securities, in any state or other jurisdiction in which such offer, sale or solicitation would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction.
About Bitmine Immersion Technologies
Bitmine Immersion Technologies, Inc. (NYSE: BMNR) is a Bitcoin miner with operations in the US. The company is deploying its excess capital to be the leading Ethereum Treasury company in the world, implementing an innovative digital asset strategy for institutional investors and public market participants. Guided by its philosophy of "the alchemy of 5%," the Company is committed to ETH as its primary treasury reserve asset, leveraging native protocol-level activities including staking and decentralized finance mechanisms. The Company launched MAVAN (Made-in America VAlidator Network), a dedicated staking infrastructure for Bitmine assets, in 2026.
Forward-Looking Statements
This press release contains statements that constitute "forward-looking statements." The statements in this press release that are not purely historical are forward-looking statements which involve risks and uncertainties. Statements in this press release about future expectations, plans, and prospects, as well as any other statements regarding matters that are not historical facts, may constitute "forward-looking statements" within the meaning of The Private Securities Litigation Reform Act of 1995. The words "anticipate," "believe," "continue," "could," "estimate," "expect," "intend," "may," "plan," "potential," "predict," "project," "should," "target," "will," "would," and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. These statements include, but are not limited to, statements relating to the size and timing of the offering, the anticipated use of any proceeds from the offering, the terms of the securities being offered, the payment of dividends, and the expected listing of the Series A Preferred Stock on the NYSE. In evaluating these forward-looking statements, you should consider various factors, including: Bitmine's ability to keep pace with new technology and changing market needs; Bitmine's ability to finance its current business, Ethereum treasury operations, and proposed future business; the competitive environment of Bitmine's business; market conditions affecting the trading price of the Company's common stock; regulatory developments affecting digital assets, including the ultimate enactment and implementation of pending legislation and SEC initiatives; the volatility and unpredictability of digital asset prices; and the future value of Bitcoin and Ethereum. Actual results and future performance outcomes and results may differ materially from those expressed in forward-looking statements. Forward-looking statements are subject to numerous conditions, many of which are beyond Bitmine's control, including those set forth in the Risk Factors section of Bitmine's Form 10-K filed with the SEC on November 21, 2025, as well as all other SEC filings, as amended or updated from time to time. Copies of Bitmine's filings with the SEC are available on the SEC's website at www.sec.gov. Any forward-looking statements contained in this press release speak only as of the date hereof, and BMNR specifically disclaims any obligation to update any forward-looking statement, whether as a result of new information, future events, or otherwise, except as required by law.
Eightco treasury composition as of June 3, 2026: $90M OpenAI equity (indirect), $18M Beast Industries equity, 16,278 ETH, 283 million WLD holdings, and $142M cash and equivalents, totaling approximately $437 million
World offers a solution to the 'double human' problem in a world proliferating with deepfakes
Eightco provides indirect exposure to some of the most innovative private companies including OpenAI and Beast Industries
, /PRNewswire/ -- Eightco Holdings Inc. (NASDAQ: ORBS) ("Eightco" or the "Company") today provided an update on its total holdings, highlighting its growing position across digital assets and strategic investments in leading private technology companies.
ORBS Holdings & Key Metrics
The ORBS Portfolio Thesis
As of June 3, 2026, at 6:00 p.m. ET, ORBS' holdings include a $90 million investment (indirectly, through SPVs) in OpenAI, an $18 million funded investment in Beast Industries, a $1 million investment in Mythical Games, 283,452,700 Worldcoin (WLD) at $0.55 per WLD (per Coinbase), 16,278 Ethereum (ETH), and approximately $142 million in total cash and stablecoins, for total holdings of approximately $437 million.
Top AI Headlines Driving the News:
ORBS management believes the Company's treasury portfolio holds some of the most critical components for the future AI and digital financial system. Among the holdings, key highlights in recent weeks are:
On June 1, Anthropic, recently valued at nearly $1 trillion, confidentially filed for a U.S. IPO, setting up what could become one of the most significant technology offerings in history (Reuters). The Anthropic news comes out amidst news that OpenAI is preparing to file to go public in the coming weeks (The New York Times). On June 1, Alphabet, parent company of Google, announced plans to raise up to $80 billion to fund AI-related investments and computing infrastructure to meet unprecedented demand (CNBC). "The market is witnessing one of the largest technology investment cycles in history as AI reshapes industries, business models, and the global economy," said Thomas "Tom" Lee, Board Member of Eightco. "Anthropic's filing highlights the expectation of enormous investor appetite for AI companies. With OpenAI's filing reported to be upcoming, we believe OpenAI sits at the center of this transformation, and ORBS' exposure to the company provides shareholders with participation in what we view as one of the most significant value creation opportunities of the coming decade."
Data compiled by Fundstrat shows that "non-humans" now account for the following estimated shares of volume on various platforms:
- 75% of Polymarket trading volume
- 53% of web traffic
- 47% of emails sent
- 44% of US equity buy-side execution
- 35% of new website creation
- 30% of online product reviews Eightco: Exposure to key mega-trends
Eightco is built around three mega-trends the Company expects to shape the next decade of innovation: artificial intelligence, digital identity, and the creator economy, with positions in each trend through indirect investment in OpenAI (21% of ORBS' treasury holdings), Worldcoin (36%), and Beast Industries (4%).
Artificial Intelligence — OpenAI
Eightco has invested approximately $90 million in special purpose vehicles with exposure to equity interests in the parent company of OpenAI, representing approximately 21% of treasury assets, one of the highest disclosed concentrations of any listed vehicle.
ChatGPT, OpenAI's consumer app, is the #1 consumer AI app worldwide (Sensor Tower) and crossed 900 million weekly active users in February 2026, making it the fastest-scaling consumer technology in history (UBS via Reuters).
Digital Identity — WLD Token
Eightco holds over 283 million WLD, approximately 8.4% of circulating supply, the largest publicly disclosed institutional position globally and approximately 36% of the Eightco treasury's assets.
Worldcoin is the native token of World, a global Proof of Human network built by Tools for Humanity (co-founded by Sam Altman and Alex Blania) and stewarded by the World Foundation. Its Orb devices issue a privacy-preserving World ID that verifies a user is a unique human, not an AI agent.
Under World's announced business model, applications pay per-verification fees while end-user verification remains free, with both credential issuers and the World protocol monetizing verified-human authentication. World identifies a $6.35 trillion combined addressable revenue opportunity across 13 industries spanning banking, e-commerce, gaming, social media, and agentic AI (per Tools for Humanity).
Creator Economy — Beast Industries
Eightco has invested $18 million in Beast Industries equity, approximately 4% of treasury assets.
Beast Industries operates one of the largest direct-to-consumer reach footprints in the world, with a combined 500 million-plus follower base across platforms, anchored by MrBeast as the most-watched person on YouTube globally. As AI commoditizes content production, distribution and audience trust become increasingly scarce assets.
About Eightco Holdings Inc.
Eightco Holdings Inc. (NASDAQ: ORBS) is a publicly traded company executing a first-of-its-kind Worldcoin (WLD) treasury strategy, providing investors single-ticker indirect exposure to three of the defining trends of this cycle: artificial intelligence through its indirect investment in OpenAI, digital identity through its position as the largest public holder of WLD and the Proof of Human protocol, and the creator economy through its equity stake in MrBeast's Beast Industries. Backed by leading institutional investors including Bitmine Immersion Technologies Inc. (NYSE: BMNR), MOZAYYX, World Foundation, CoinFund, Discovery Capital Management, FalconX, Payward/Kraken, Pantera, and GSR, Eightco is building the infrastructure layer for human verification in the agentic AI era.
For more information:
X: @iamhuman_orbs
Website: 8co.holdings
Frequently Asked Questions
What is ORBS stock?
Eightco Holdings Inc. (NASDAQ: ORBS) is a publicly traded company on Nasdaq. ORBS provides indirect exposure to: OpenAI and Beast Industries.
Who owns the most Worldcoin (WLD)?
Eightco Holdings (NASDAQ: ORBS) holds 283 million WLD, approximately 8.4% of circulating supply and the largest publicly disclosed institutional position globally.
What is Proof of Human?
Proof of Human is cryptographic verification that a user is a unique, living person, not a bot or AI agent. It is foundational infrastructure for social networks, banking, agentic commerce, and any system requiring "one person, one account" in the agentic AI era.
How does Eightco (ORBS) relate to Proof of Human?
Eightco Holdings (NASDAQ: ORBS) is the largest publicly disclosed institutional holder of Worldcoin (WLD), the token powering World's Proof of Human network.
Who is the CEO of Eightco Holdings?
Kevin O'Donnell is the CEO of Eightco Holdings (NASDAQ: ORBS). The Company's Board includes Tom Lee (Managing Partner and Head of Research at Fundstrat, and Chairman of Bitmine Immersion Technologies (NYSE: BMNR)) and, as an advisor to the Board, Brett Winton (Chief Futurist at ARK Invest).
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements in this press release other than statements of historical fact could be deemed forward-looking, including, without limitation, statements regarding: the Company's expectations that artificial intelligence, digital identity, and the creator economy will shape the next decade of innovation; expectations regarding the development and adoption of agentic artificial intelligence; media reports regarding OpenAI allegedly preparing to file for an IPO in the coming weeks and expectations that any OpenAI IPO would be among the most significant technology offerings; statements by the Company's Board Member regarding the current technology investment cycle being one of the largest in history, the expectation of enormous investor appetite for AI companies, the belief that OpenAI sits at the center of the AI transformation, and the belief that ORBS' exposure to OpenAI represents one of the most significant value creation opportunities of the coming decade; statements regarding Alphabet's announced plans to raise up to $80 billion for AI-related investments; statements regarding non-human and bot activity percentages across internet platforms, including Polymarket trading volume, web traffic, email, equity execution, website creation, and online product reviews; expectations regarding the adoption of the World ID protocol and the World network across enterprise and consumer applications; beliefs that Proof-of-Human verification is becoming essential infrastructure for social networks, banking, agentic commerce, and financial systems in the agentic AI era; statements regarding World's addressable revenue opportunity of $6.35 trillion across industries spanning banking, e-commerce, gaming, social media, and agentic AI; statements regarding the importance of distribution and audience trust as AI commoditizes content production; and the Company's belief that its treasury portfolio holds critical components for the future AI and digital financial system. Words such as "plans," "expects," "will," "anticipates," "continue," "expand," "advance," "develop," "believes," "guidance," "target," "may," "remain," "project," "outlook," "intend," "estimate," "could," "should," and other words and terms of similar meaning and expression are intended to identify forward-looking statements, although not all forward-looking statements contain such terms. Forward-looking statements are based on management's current beliefs and assumptions that are subject to risks and uncertainties and are not guarantees of future performance. Actual results could differ materially from those contained in any forward-looking statement as a result of various factors, including, without limitation: the Company's inability to direct the management or operations of private businesses where the Company is not a controlling stockholder, including OpenAI and Beast Industries; risk of loss or markdown on the Company's strategic investments, including its indirect position in OpenAI equity (held through special purpose vehicles), its position in WLD, and its position in Beast Industries equity; the Company's ability to maintain compliance with Nasdaq's continued listing requirements; unexpected costs, charges or expenses that reduce the Company's capital resources or otherwise delay capital deployment; inability to raise adequate capital to fund or scale its business operations or strategic investments; volatility in digital asset prices, including WLD and ETH, which could materially affect the value of the Company's treasury holdings; regulatory changes, future legislation and rulemaking negatively impacting digital assets, artificial intelligence adoption, or biometric data collection; risks related to the development, adoption, and market acceptance of Proof-of-Human technology and the World network; uncertainty regarding the pace and trajectory of agentic AI deployment in enterprise and consumer applications; uncertainty regarding OpenAI's product roadmap and the timing or success of any IPO; risks that third-party data regarding non-human internet activity may be inaccurate or subject to change; risks related to Beast Industries' ability to achieve its growth projections; and shifting public and governmental positions on digital assets or artificial intelligence-related industries. Given these risks and uncertainties, you are cautioned not to place undue reliance on such forward-looking statements. For a discussion of other risks and uncertainties, and other important factors, any of which could cause Eightco's actual results to differ from those contained in the forward-looking statements herein, see Eightco's filings with the Securities and Exchange Commission (the "SEC"), including the risk factors and other disclosures in its Annual Report on Form 10-K filed with the SEC on April 15, 2026 and other publicly available SEC filings. All information in this press release is as of the date of the release, and Eightco undertakes no duty to update this information or to publicly announce the results of any revisions to any of such statements to reflect future events or developments, except as required by law.
Samenstelling van de treasury van Eightco op 3 juni 2026: USD 90 miljoen aan OpenAI-aandelen (indirect), USD 18 miljoen aan aandelen van Beast Industries, 16.278 ETH, 283 miljoen WLD-activa en USD 129 miljoen aan liquide middelen en kasequivalenten, goed voor een totaal van ongeveer USD 437 miljoen.
World biedt een oplossing voor het probleem van dubbele menselijke identiteit in een wereld die overspoeld wordt door deepfakes
Eightco biedt indirecte blootstelling aan enkele van de meest innovatieve private bedrijven, waaronder OpenAI en Beast Industries.
, /PRNewswire/ -- Eightco Holdings Inc. (NASDAQ: ORBS) ("Eightco" of het "Bedrijf") heeft vandaag een update gegeven over zijn totale activa, waarbij zijn groeiende positie in digitale activa en strategische investeringen in toonaangevende private technologiebedrijven wordt benadrukt.
ORBS Holdings & Key Metrics
The ORBS Portfolio Thesis
Op 3 juni 2026 om 18:00 uur (ET) omvatten de activa van ORBS een investering van USD 90 miljoen (indirect, via SPV's) in OpenAI, een gefinancierde investering van USD 18 miljoen in Beast Industries, een investering van USD 1 miljoen in Mythical Games, 283.452.700 Worldcoin (WLD) tegen USD 0,55 per WLD (volgens Coinbase), 16.278 Ethereum (ETH) en ongeveer USD 142 miljoen aan liquide middelen en stablecoins, wat neerkomt op totale bezittingen van ongeveer USD 437 miljoen.
De belangrijkste AI-nieuwsberichten die het nieuws bepalen:
Het management van ORBS is van mening dat de treasuryportefeuille van het Bedrijf enkele van de meest essentiële bouwstenen bevat voor het toekomstige AI- en digitale financiële systeem. Binnen de portefeuille springen de volgende ontwikkelingen van de afgelopen week eruit:
Op 1 juni diende Anthropic, onlangs gewaardeerd op bijna USD 1 biljoen, vertrouwelijk in voor een Amerikaanse beursgang, waardoor een van de belangrijkste technologische aanbiedingen in de geschiedenis zou kunnen worden (Reuters). Het nieuws over Anthropic komt naar buiten terwijl bekend is geworden dat OpenAI zich voorbereidt om in de komende weken een beursgang aan te vragen (The New York Times). Op 1 juni maakte Alphabet, het moederbedrijf van Google, bekend dat het van plan is tot USD 80 miljard op te halen om investeringen op het gebied van kunstmatige intelligentie en computerinfrastructuur te financieren en zo aan de ongekende vraag te kunnen voldoen (CNBC). "De markt is getuige van een van de grootste technologie-investeringscycli in de geschiedenis omdat AI industrieën, bedrijfsmodellen en de wereldeconomie hervormt", zei Thomas "Tom" Lee, bestuurslid van Eightco. "De indiening van Anthropic benadrukt de verwachting van een enorme behoefte van investeerders aan AI-bedrijven. Nu de indiening van OpenAI naar verluidt op komst is, geloven we dat OpenAI centraal staat in deze transformatie en dat de blootstelling van ORBS aan het Bedrijf aandeelhouders de mogelijkheid biedt om deel te nemen aan wat wij beschouwen als een van de belangrijkste waardecreatie-kansen van het komende decennium."
Uit gegevens van Fundstrat blijkt dat "niet-mensen" op verschillende platforms nu het volgende aandeel in het volume vertegenwoordigen: - 75% van het handelsvolume op Polymarket
- 53% van het webverkeer
- 47% van de verzonden e-mails
- 44% van de uitvoering aan de koopkant van aandelen in de Verenigde Staten
- 35% van het creëren van nieuwe websites
- 30% van de online productbeoordelingen
Eightco: Blootstelling aan belangrijke megatrends
Eightco is opgebouwd rond drie megatrends waarvan het Bedrijf verwacht dat ze het komende decennium van innovatie zullen bepalen: kunstmatige intelligentie, digitale identiteit en de economie van contentcreators. Het Bedrijf heeft posities in elk van deze trends via indirecte investeringen in OpenAI (21% van de treasury van ORBS), Worldcoin (36%) en Beast Industries (4%).
Kunstmatige intelligentie (OpenAI)
Eightco heeft ongeveer USD 90 miljoen geïnvesteerd in speciale investeringsvehikels met blootstelling aan aandelenbelangen in het moederbedrijf van OpenAI. Dit vertegenwoordigt circa 21% van de treasury-activa, een van de hoogste gerapporteerde concentraties onder beursgenoteerde entiteiten.
De consumentenapp ChatGPT van OpenAI is wereldwijd de nummer 1 onder de AI-apps voor consumenten (Sensor Tower) en overschreed in februari 2026 de kaap van 900 miljoen wekelijkse actieve gebruikers, waarmee het de snelst groeiende consumententechnologie ooit werd (UBS via Reuters).
Digitale identiteit - WLD-token
Eightco bezit meer dan 283 miljoen WLD, goed voor ongeveer 8,4% van het circulerende aanbod. Dit is de grootste publiek gerapporteerde institutionele positie wereldwijd en vertegenwoordigt ongeveer 36% van de treasury-activa van Eightco.
Worldcoin is het native token van World, een wereldwijd Proof of Human-netwerk gebouwd door Tools for Humanity (mede opgericht door Sam Altman en Alex Blania) en beheerd door de World Foundation. De Orb-apparaten geven een privacybeschermende World ID uit die verifieert dat een gebruiker een unieke persoon is, geen AI-agent.
Volgens het aangekondigde businessmodel van World betalen applicaties kosten per verificatie, terwijl verificatie voor eindgebruikers gratis blijft. Zowel uitgevers van inloggegevens als het World-protocol genereren inkomsten uit verificatie van echte personen. World identificeert een gecombineerde potentiële markt van USD 6,35 biljoen aan potentiële marktwaarde, verspreid over 13 sectoren, waaronder bankwezen, e-commerce, gaming, sociale media en agentische AI (volgens Tools for Humanity).
Economie van contentcreators: Beast Industries
Eightco heeft USD 18 miljoen geïnvesteerd in aandelen van Beast Industries, goed voor ongeveer 4% van de treasury-activa.
Beast Industries beschikt over een van de grootste bereiknetwerken ter wereld, met een gecombineerde volgersbasis van meer dan 500 miljoen over verschillende platformen, gedragen door MrBeast als de meest bekeken persoon op YouTube wereldwijd. Naarmate AI de productie van content steeds meer tot een standaardproduct maakt, worden distributie en het vertrouwen van het publiek steeds schaarser wordende activa.
Over Eightco Holdings Inc.
Eightco Holdings Inc. (NASDAQ: ORBS) is een beursgenoteerde holdingmaatschappij die een unieke treasurystrategie rond Worldcoin (WLD) uitvoert en beleggers via één ticker indirecte blootstelling biedt aan drie bepalende trends van deze cyclus: kunstmatige intelligentie via de indirecte investering in OpenAI, digitale identiteit via zijn positie als grootste publieke houder van WLD en het 'Proof of Human'-protocol, en de economie van contentcreators via zijn aandelenbelang in Beast Industries van MrBeast. Ondersteund door toonaangevende institutionele investeerders, waaronder Bitmine Immersion Technologies Inc. (NYSE: BMNR), MOZAYYX, World Foundation, CoinFund, Discovery Capital Management, FalconX, Kraken (Payward), Pantera Capital en GSR, bouwt Eightco aan de infrastructuurlaag voor menselijke verificatie in het tijdperk van agentische AI.
Voor meer informatie:
X: @iamhuman_orbs
Website: 8co.holdings
Veelgestelde vragen
Wat is een ORBS-aandeel?
Eightco Holdings Inc. (NASDAQ: ORBS) is een beursgenoteerde holdingmaatschappij op de Nasdaq. ORBS biedt indirecte blootstelling aan: OpenAI en Beast Industries.
Wie bezit de meeste Worldcoin (WLD)?
Eightco Holdings (NASDAQ: ORBS) bezit 283 miljoen WLD, goed voor ongeveer 8,4% van het circulerende aanbod en de grootste publiek gerapporteerde institutionele positie wereldwijd.
Wat is 'Proof of Human'?
'Proof of Human' is cryptografische verificatie dat een gebruiker een unieke, levende persoon is, geen bot of AI-agent. Het vormt fundamentele infrastructuur voor sociale netwerken, bankdiensten, agentische handel en elk systeem dat 'één persoon, één account' vereist in het tijdperk van agentische AI.
Hoe verhoudt Eightco (ORBS) zich tot Proof of Human?
Eightco Holdings (NASDAQ: ORBS) is de grootste publiek gerapporteerde institutionele houder van Worldcoin (WLD), het token dat het 'Proof of Human'-netwerk van World aandrijft.
Wie is de CEO van Eightco Holdings?
Kevin O'Donnell is de CEO van Eightco Holdings (NASDAQ: ORBS). De raad van bestuur van het Bedrijf bestaat uit Tom Lee (Managing Partner en Head of Research bij Fundstrat, en voorzitter van Bitmine Immersion Technologies (NYSE: BMNR)) en, als adviseur aan de raad van bestuur, Brett Winton (Chief Futurist bij ARK Invest).
Toekomstgerichte uitspraken
Dit persbericht bevat toekomstgerichte uitspraken in de zin van de Private Securities Litigation Reform Act van 1995. Alle uitspraken in dit persbericht, met uitzondering van verklaringen over historische feiten, kunnen als toekomstgerichte uitspraken worden beschouwd, met inbegrip van, maar niet beperkt tot, uitspraken met betrekking tot: de verwachtingen van het Bedrijf dat kunstmatige intelligentie, digitale identiteit en de creator-economie het volgende decennium van innovatie zullen vormgeven; verwachtingen met betrekking tot de ontwikkeling en toepassing van agentische kunstmatige intelligentie; mediaverslagen over OpenAI die zich naar verluidt voorbereidt om in de komende weken een beursintroductie in te dienen en verwachtingen dat elke IPO van OpenAI een van de belangrijkste technologieaanbiedingen zou zijn; uitspraken van het bestuurslid van het Bedrijf over het feit dat de huidige technologie-investeringscyclus een van de grootste in de geschiedenis is, de verwachting van enorme belangstelling van investeerders voor AI-bedrijven, de overtuiging dat OpenAI centraal staat in de AI-transformatie en de overtuiging dat de blootstelling van ORBS aan OpenAI een van de belangrijkste waardecreatiemogelijkheden van het komende decennium vertegenwoordigt; uitspraken over Alphabet's aangekondigde plannen om tot USD 80 miljard op te halen voor AI-gerelateerde investeringen; uitspraken met betrekking tot niet-menselijke en bot-activiteitspercentages op internetplatforms, waaronder handelsvolume van Polymarket, webverkeer, e-mail, aandelenuitvoering, het maken van websites en online productbeoordelingen; verwachtingen met betrekking tot de goedkeuring van het World ID-protocol en het World-netwerk voor bedrijfs- en consumentenapplicaties; overtuigingen dat Proof-of-Human-verificatie essentiële infrastructuur wordt voor sociale netwerken, bankieren, agentische commerce en financiële systemen in het tijdperk van agentische AI; uitspraken met betrekking tot de adresbare inkomstenmogelijkheid van USD 6,35 biljoen in de hele wereld in sectoren zoals bankieren, e-commerce, gaming, sociale media en agentische AI; uitspraken met betrekking tot het belang van distributie en publiekvertrouwen omdat AI de productie van inhoud ot een massaproduct maakt; en het geloof van het Bedrijf dat zijn schatkistportefeuille cruciale componenten bevat voor het toekomstige AI- en digitale financiële systeem. Woorden zoals 'plannen', 'verwacht', 'zal', 'voorziet', 'voortzetten', 'uitbreiden', 'bevorderen', 'ontwikkelen', 'gelooft', 'vooruitzichten', 'doelstelling', 'kan', 'blijven', 'prognosticeren', 'van plan zijn', 'schatten', 'zou kunnen', 'zou moeten' en andere woorden en termen met een vergelijkbare betekenis of strekking zijn bedoeld om toekomstgerichte verklaringen te identificeren, hoewel niet alle toekomstgerichte verklaringen dergelijke termen bevatten. Toekomstgerichte uitspraken zijn gebaseerd op de huidige overtuigingen en aannames van het management, die onderhevig zijn aan risico's en onzekerheden, en vormen geen garantie voor toekomstige prestaties. De werkelijke resultaten kunnen wezenlijk afwijken van die in toekomstgerichte uitspraken als gevolg van verschillende factoren, waaronder, zonder beperking: het onvermogen van het Bedrijf om het management of de activiteiten te sturen van private ondernemingen waarin het geen controlerend belang heeft, waaronder OpenAI en Beast Industries; het risico op verlies of waardevermindering van de strategische investeringen van het Bedrijf, waaronder zijn indirecte positie in aandelen van OpenAI (aangehouden via beleggingsstructuren), zijn positie in WLD en zijn positie in aandelen van Beast Industries; het vermogen van het Bedrijf om te blijven voldoen aan de doorlopende noteringsvereisten van Nasdaq; onverwachte kosten, lasten of uitgaven die de kapitaalpositie van het Bedrijf verminderen of de inzet van kapitaal anderszins vertragen; het onvermogen om voldoende kapitaal aan te trekken om de bedrijfsactiviteiten of strategische investeringen te financieren of op te schalen; volatiliteit in de prijzen van digitale activa, waaronder WLD en ETH, die de waarde van de treasury van het Bedrijf wezenlijk kunnen beïnvloeden; wijzigingen in regelgeving, toekomstige wetgeving en regelgevingsinitiatieven die een negatieve impact hebben op digitale activa, de adoptie van kunstmatige intelligentie of de verzameling van biometrische gegevens; risico's met betrekking tot de ontwikkeling, de inzet en marktacceptatie van 'Proof of Human'-technologie en het World-netwerk; onzekerheid over het tempo en het verloop van de uitrol van agentische AI in ondernemings- en consumentenapplicaties; en veranderende standpunten van het publiek en overheden ten aanzien van digitale activa of AI-gerelateerde sectoren. Gezien deze risico's en onzekerheden wordt u aangeraden niet overmatig te vertrouwen op toekomstgerichte uitspraken. Voor een bespreking van andere risico's en onzekerheden, evenals andere belangrijke factoren die ertoe kunnen leiden dat de feitelijke resultaten van Eightco afwijken van de in dit persbericht opgenomen toekomstgerichte uitspraken, wordt verwezen naar de indieningen van Eightco bij de Securities and Exchange Commission (SEC), waaronder de risicofactoren en andere toelichtingen in het jaarverslag op Form 10-K dat op 15 april 2026 bij de SEC is ingediend, evenals andere openbaar beschikbare SEC-indieningen. Alle informatie in dit persbericht is van kracht per de datum van publicatie. Eightco aanvaardt geen verplichting om deze informatie bij te werken of om publiekelijk de resultaten van eventuele herzieningen van dergelijke verklaringen bekend te maken om toekomstige gebeurtenissen of ontwikkelingen te weerspiegelen, behalve voor zover dit wettelijk vereist is.
- Eightco Holdings (NASDAQ: ORBS) informa de que sus activos totales ascienden a aproximadamente 437 millones de dólares, incluyendo OpenAI, Beast Industries, más de 16.000 ETH y más de 283 millones de tokens WLD
Composición de la tesorería de Eightco al 3 de junio de 2026: 90 millones de dólares en acciones de OpenAI (indirectas), 18 millones de dólares en acciones de Beast Industries, 16.278 ETH, 283 millones de tenencias de WLD y 142 millones de dólares en efectivo y equivalentes, lo que suma aproximadamente 437 millones de dólares.
World ofrece una solución al problema del "doble humano" en un mundo plagado de deepfakes.
Eightco ofrece exposición indirecta a algunas de las empresas privadas más innovadoras, incluidas OpenAI y Beast Industries.
, /PRNewswire/ -- Eightco Holdings Inc. (NASDAQ: ORBS) ("Eightco" o la "Compañía") proporcionó hoy una actualización sobre sus participaciones totales, destacando su creciente posición en activos digitales e inversiones estratégicas en empresas tecnológicas privadas líderes.
ORBS Holdings & Key Metrics
The ORBS Portfolio Thesis
A fecha de 3 de junio de 2026 a las 18:00 (hora del este), las tenencias de ORBS incluyen una inversión de 90 millones de dólares (indirectamente, a través de SPV) en OpenAI, una inversión financiada de 18 millones de dólares en Beast Industries, una inversión de 1 millón de dólares en Mythical Games, 283.452.700 Worldcoin (WLD) a 0,55 dólares por WLD (según Coinbase), 16.278 Ethereum (ETH) y aproximadamente 142 millones de dólares en efectivo y stablecoins, para un total de tenencias de aproximadamente 437 millones de dólares.
Principales titulares sobre IA que marcan la pauta informativa:
La dirección de ORBS considera que la cartera de tesorería de la compañía contiene algunos de los componentes más importantes para el futuro sistema financiero digital y basado en la IA. Entre las participaciones, destacan las siguientes:
El 1 de junio, Anthropic, valorada recientemente en casi 1 billón de dólares, presentó de manera confidencial una oferta pública inicial de venta en Estados Unidos, estableciendo lo que podría convertirse en una de las ofertas tecnológicas más importantes de la historia (Reuters). La noticia de Anthropic surge en medio de noticias que OpenAI se está preparando para presentar su salida a bolsa en las próximas semanas (The New York Times). El 1 de junio, Alphabet, empresa matriz de Google, anunció planes para recaudar hasta 80 mil millones de dólares para financiar inversiones relacionadas con la IA e infraestructura informática para satisfacer una demanda sin precedentes (CNBC). "El mercado está presenciando uno de los mayores ciclos de inversión tecnológica de la historia, a medida que la IA transforma las industrias, los modelos de negocio y la economía global", declaró Thomas "Tom" Lee, miembro del Consejo de Administración de Eightco. "La presentación de Anthropic pone de manifiesto el enorme interés que los inversores esperan por las empresas de IA. Dado que se prevé que OpenAI presente su solicitud próximamente, creemos que OpenAI se sitúa en el centro de esta transformación, y la exposición de ORBS a la compañía ofrece a los accionistas la oportunidad de participar en lo que consideramos una de las mayores oportunidades de creación de valor de la próxima década".
Los datos recopilados por Fundstrat muestran que los "no humanos" representan ahora las siguientes cuotas estimadas de volumen en varias plataformas:
- 75 % del volumen de negociación de Polymarket
- 53 % del tráfico web
- 47 % de los correos electrónicos enviados
- 44 % de la ejecución de operaciones de compra de acciones en EE. UU.
- 35 % de la creación de nuevos sitios web
- 30 % de las reseñas de productos en línea Eightco: Exposición a las principales megatendencias
Eightco se estructura en torno a tres megatendencias que la compañía prevé que darán forma a la próxima década de innovación: la inteligencia artificial, la identidad digital y la economía de los creadores, con posiciones en cada tendencia a través de inversiones indirectas en OpenAI (21 % de las tenencias de tesorería de ORBS), Worldcoin (36 %) y Beast Industries (4 %).
Inteligencia artificial — OpenAI
Eightco ha invertido aproximadamente 90 millones de dólares en vehículos de propósito especial con exposición a participaciones accionariales en la empresa matriz de OpenAI, lo que representa aproximadamente el 21 % de los activos propios, una de las concentraciones más altas divulgadas de cualquier vehículo cotizado.
ChatGPT, la aplicación para consumidores de OpenAI, es la aplicación de IA para consumidores número 1 en todo el mundo (Sensor Tower) y superó los 900 millones de usuarios activos semanales en febrero de 2026, lo que la convierte en la tecnología de consumo de más rápido crecimiento de la historia (UBS via Reuters).
Identidad digital — WLD Token
Eightco posee más de 283 millones de WLD, aproximadamente el 8,4 % de la oferta circulante, la mayor posición institucional divulgada públicamente a nivel mundial y aproximadamente el 36 % de los activos de la tesorería de Eightco.
Worldcoin es el token nativo de World, una red global de Prueba de Humanidad creada por Tools for Humanity (cofundada por Sam Altman y Alex Blania) y administrada por la Fundación World. Sus dispositivos Orb emiten una identificación World ID que preserva la privacidad y verifica que un usuario es un ser humano único, no un agente de IA.
Según el modelo de negocio anunciado por World, las aplicaciones pagan una tarifa por cada verificación, mientras que la verificación del usuario final sigue siendo gratuita. Tanto los emisores de credenciales como el protocolo World monetizan la autenticación humana verificada. World identifica una oportunidad de ingresos potenciales combinados de 6,35 billones de dólares en 13 sectores, que abarcan la banca, el comercio electrónico, los videojuegos, las redes sociales y la IA con agentes (según Tools for Humanity).
Creator Economy — Beast Industries
Eightco ha invertido 18 millones de dólares en acciones de Beast Industries, lo que representa aproximadamente el 4 % de sus activos propios.
Beast Industries cuenta con una de las mayores redes de venta directa al consumidor del mundo, con una base de seguidores combinada de más de 500 millones en diversas plataformas, liderada por MrBeast, la persona más vista en YouTube a nivel global. A medida que la IA convierte la producción de contenido en un bien de consumo, la distribución y la confianza de la audiencia se convierten en activos cada vez más escasos.
Acerca de Eightco Holdings Inc.
Eightco Holdings Inc. (NASDAQ: ORBS) es una empresa que cotiza en bolsa y que está implementando una estrategia de tesorería de Worldcoin (WLD) pionera en su tipo, brindando a los inversores una exposición indirecta, a través de un solo símbolo, a tres de las tendencias que definen este ciclo: la inteligencia artificial mediante su inversión indirecta en OpenAI, la identidad digital a través de su posición como el mayor poseedor público de WLD y del protocolo Proof of Human, y la economía de los creadores a través de su participación accionaria en Beast Industries de MrBeast. Respaldada por inversores institucionales líderes como Bitmine Immersion Technologies Inc. (NYSE: BMNR), MOZAYYX, World Foundation, CoinFund, Discovery Capital Management, FalconX, Payward/Kraken, Pantera y GSR, Eightco está construyendo la capa de infraestructura para la verificación humana en la era de la IA con agentes.
Para más información:
X: @iamhuman_orbs
Sitio web: 8co.holdings
Preguntas frecuentes
¿Qué son las acciones de ORBS?
Eightco Holdings Inc. (NASDAQ: ORBS) es una empresa que cotiza en bolsa en Nasdaq. ORBS ofrece exposición indirecta a: OpenAI y Beast Industries.
¿Quién posee la mayor cantidad de Worldcoin (WLD)?
Eightco Holdings (NASDAQ: ORBS) posee 283 millones de WLD, aproximadamente el 8,4 % de la oferta circulante y la mayor posición institucional divulgada públicamente a nivel mundial.
¿Qué es Proof of Human?
Proof of Human es una verificación criptográfica que garantiza que un usuario es una persona real y única, no un bot ni un agente de IA. Constituye la infraestructura fundamental para las redes sociales, la banca, el comercio basado en agentes y cualquier sistema que requiera el principio de "una persona, una cuenta" en la era de la IA.
¿Qué relación tiene Eightco (ORBS) con Proof of Human?
Eightco Holdings (NASDAQ: ORBS) es el mayor poseedor institucional de Worldcoin (WLD), el token que impulsa la red World's Proof of Human, del que se tiene constancia pública.
¿Quién es el consejero delegado de Eightco Holdings?
Kevin O'Donnell es el consejero delegado de Eightco Holdings (NASDAQ: ORBS). El consejo de administración de la compañía incluye a Tom Lee (socio gerente y jefe de investigación de Fundstrat, y presidente de Bitmine Immersion Technologies (NYSE: BMNR)) y, como asesor del consejo, a Brett Winton (futurista jefe de ARK Invest).
Declaraciones prospectivas
Este comunicado de prensa contiene declaraciones prospectivas en el sentido de la Ley de Reforma de Litigios sobre Valores Privados de 1995. Todas las declaraciones en este comunicado de prensa que no sean declaraciones de hechos históricos podrían considerarse prospectivas, incluidas, sin limitación, declaraciones sobre: las expectativas de la Compañía de que la inteligencia artificial, la identidad digital y la economía de los creadores darán forma a la próxima década de innovación; expectativas sobre el desarrollo y la adopción de inteligencia artificial con agentes; informes de los medios de comunicación sobre OpenAI supuestamente preparándose para presentar una OPI en las próximas semanas y expectativas de que cualquier OPI de OpenAI estaría entre las ofertas tecnológicas más importantes; declaraciones del miembro de la Junta Directiva de la Compañía sobre que el ciclo actual de inversión en tecnología es uno de los más grandes de la historia, la expectativa de un enorme apetito de los inversores por las empresas de IA, la creencia de que OpenAI se encuentra en el centro de la transformación de la IA y la creencia de que la exposición de ORBS a OpenAI representa una de las oportunidades de creación de valor más importantes de la próxima década; declaraciones sobre los planes anunciados por Alphabet para recaudar hasta 80 mil millones de dólares para inversiones relacionadas con la IA; declaraciones sobre los porcentajes de actividad no humana y de bots en las plataformas de Internet, incluido el volumen de operaciones de Polymarket, el tráfico web, el correo electrónico, la ejecución de acciones, la creación de sitios web y las reseñas de productos en línea; expectativas sobre la adopción del protocolo World ID y la red World en aplicaciones empresariales y de consumo; creencias de que la verificación de prueba de humanidad se está convirtiendo en una infraestructura esencial para las redes sociales, la banca, el comercio con agentes y los sistemas financieros en la era de la IA con agentes; declaraciones sobre la oportunidad de ingresos potenciales de World de 6,35 billones de dólares en industrias que abarcan la banca, el comercio electrónico, los juegos, las redes sociales y la IA con agentes; declaraciones sobre la importancia de la distribución y la confianza de la audiencia a medida que la IA convierte la producción de contenido en mercancía; y la creencia de la Compañía de que su cartera de tesorería contiene componentes críticos para la IA futura y el sistema financiero digital. Palabras como "planea", "espera", "hará", "anticipa", "continúa", "expande", "avanza", "desarrolla", "cree", "orientación", "objetivo", "puede", "permanece", "proyecta", "perspectiva", "pretende", "estima", "podría", "debería" y otras palabras y términos de significado y expresión similares tienen como objetivo identificar declaraciones prospectivas, aunque no todas las declaraciones prospectivas contienen tales términos. Las declaraciones prospectivas se basan en las creencias y suposiciones actuales de la gerencia, las cuales están sujetas a riesgos e incertidumbres y no son garantías de desempeño futuro. Los resultados reales podrían diferir materialmente de los contenidos en cualquier declaración prospectiva como resultado de varios factores, incluidos, sin limitación: la incapacidad de la Compañía para dirigir la gestión u operaciones de negocios privados en los que la Compañía no es un accionista controlador, incluidos OpenAI y Beast Industries; riesgo de pérdida o depreciación en las inversiones estratégicas de la Compañía, incluida su posición indirecta en acciones de OpenAI (mantenidas a través de vehículos de propósito especial), su posición en WLD y su posición en acciones de Beast Industries; la capacidad de la Compañía para mantener el cumplimiento de los requisitos de cotización continua de Nasdaq; costos, cargos o gastos inesperados que reduzcan los recursos de capital de la Compañía o de otro modo retrasen el despliegue de capital; incapacidad para obtener capital suficiente para financiar o escalar sus operaciones comerciales o inversiones estratégicas; volatilidad en los precios de los activos digitales, incluidos WLD y ETH, que podría afectar materialmente el valor de las tenencias de tesorería de la Compañía; cambios regulatorios, legislación futura y reglamentación que impacten negativamente en los activos digitales, la adopción de inteligencia artificial o la recopilación de datos biométricos; riesgos relacionados con el desarrollo, la adopción y la aceptación en el mercado de la tecnología Proof-of-Human y la red World; Incertidumbre con respecto al ritmo y la trayectoria del despliegue de IA con agentes en aplicaciones empresariales y de consumo; incertidumbre con respecto a la hoja de ruta de productos de OpenAI y el momento o el éxito de cualquier salida a bolsa; riesgos de que los datos de terceros sobre la actividad en Internet no humana puedan ser inexactos o estar sujetos a cambios; riesgos relacionados con la capacidad de Beast Industries para lograr sus proyecciones de crecimiento; y cambios en las posturas públicas y gubernamentales sobre los activos digitales o las industrias relacionadas con la inteligencia artificial. Dados estos riesgos e incertidumbres, se advierte que no se debe depositar una confianza indebida en dichas declaraciones prospectivas. Para un análisis de otros riesgos e incertidumbres, y otros factores importantes, cualquiera de los cuales podría causar que los resultados reales de Eightco difieran de los contenidos en las declaraciones prospectivas aquí presentadas, consulte los documentos presentados por Eightco ante la Comisión de Bolsa y Valores (la "SEC"), incluidos los factores de riesgo y otras divulgaciones en su Informe Anual en el Formulario 10-K presentado ante la SEC el 15 de abril de 2026 y otros documentos presentados ante la SEC que están disponibles públicamente. Toda la información en este comunicado de prensa es válida a la fecha de su publicación, y Eightco no asume ninguna obligación de actualizar esta información ni de anunciar públicamente los resultados de cualquier revisión de dichas declaraciones para reflejar eventos o desarrollos futuros, excepto cuando lo exija la ley.
- Bitmine Immersion Technologies anuncia una propuesta de oferta pública de acciones preferentes perpetuas de Serie A
, /PRNewswire/ -- Bitmine Immersion Technologies, Inc. (NYSE: BMNR) ("BMNR", "Bitmine" o la "Compañía") anunció hoy que, sujeto a las condiciones del mercado y otras condiciones, tiene la intención de ofrecer, en una oferta pública (la "oferta") registrada bajo la Ley de Valores de 1933, según enmendada (la "Ley de Valores"), 3.000.000 de acciones de las acciones preferentes perpetuas Serie A del 9,50 % de BMNR (las "Acciones Preferentes Serie A").
BMNR tiene previsto utilizar los ingresos netos de la oferta para fines corporativos generales, que pueden incluir la adquisición de ETH adicional y otros activos digitales; la expansión de la infraestructura de staking y validación de la Compañía, incluso a través de MAVAN; capital de trabajo; inversiones estratégicas alineadas con el ecosistema Ethereum y una mayor adopción de activos digitales; y/o la recompra de acciones ordinarias de la Compañía en el marco de su programa de recompra de acciones.
Las acciones preferentes Serie A acumularán dividendos acumulativos a una tasa fija del 9,50 % anual sobre el monto establecido, que es de 100 $ por acción preferente Serie A, independientemente de si se declaran o no, o de si existen fondos legalmente disponibles para su pago (el "monto establecido"). Los dividendos regulares de las acciones preferentes Serie A se pagarán semanalmente a mes vencido, cuando y si son declarados por el consejo de administración de BMNR, con cargo a los fondos legalmente disponibles para su pago; siempre que la Compañía pueda, en el futuro, optar, a su entera discreción, por pagar dividendos regulares con mayor frecuencia. Los dividendos regulares declarados de las acciones preferentes Serie A se pagarán exclusivamente en efectivo. En caso de que algún dividendo regular acumulado de las acciones preferentes Serie A no se pague en la fecha de pago de dividendos regulares correspondiente, se acumularán dividendos regulares adicionales ("dividendos compuestos") sobre el monto de dicho dividendo regular impago, capitalizados semanalmente a la tasa de dividendo compuesto. La Compañía tendrá la flexibilidad de optar por aumentar la frecuencia de pago de los dividendos regulares a una frecuencia superior a la semanal y, en caso de que la Compañía opte por ello, el aumento adicional de la tasa de dividendo por período de dividendo regular se reducirá proporcionalmente para reflejar dicho período de dividendo regular más corto, de manera que el aumento máximo agregado de la tasa de dividendo adicional por año sea de 260 puntos básicos.
La tasa de dividendo compuesto aplicable a cualquier dividendo ordinario impagado que debiera haberse pagado en una fecha de pago de dividendo ordinaria será inicialmente una tasa anual equivalente al 9,50 % más 5 puntos básicos (basada en un período de dividendo ordinario semanal); sin embargo, hasta que dicho dividendo ordinario, junto con los dividendos compuestos correspondientes, se pague en su totalidad, dicha tasa de dividendo compuesto aumentará en 5 puntos básicos anuales (basada en un período de dividendo ordinario semanal) por cada período de dividendo ordinario subsiguiente, hasta una tasa de dividendo máxima del 15 % anual.
La Compañía tendrá derecho, a su elección, a rescatar las Acciones Preferentes Serie A, en su totalidad o en parte, en cualquier momento, o de vez en cuando, por efectivo de la siguiente manera: (i) desde la fecha de emisión original hasta dieciocho (18) meses después de la fecha de emisión original, a un precio de rescate igual al 110 % del monto declarado por acción; (ii) desde dieciocho (18) meses hasta tres (3) años después de la fecha de emisión original, a un precio de rescate igual al 105 % del monto declarado por acción; y (iii) después de tres (3) años a partir de la fecha de emisión original, a un precio de rescate igual al 100 % del monto declarado por acción; más, en cada caso, los dividendos acumulados y no pagados hasta, pero sin incluir, la fecha de rescate.
Además, la Compañía tendrá derecho a recomprar la totalidad, pero no menos de la totalidad, de las Acciones Preferentes Serie A si el número total de acciones en circulación de todas las Acciones Preferentes Serie A es inferior al 25 % del número total de acciones de Acciones Preferentes Serie A emitidas originalmente en la oferta y en cualquier oferta futura en conjunto. La Compañía también tendrá derecho a recomprar la totalidad, pero no menos de la totalidad, de las Acciones Preferentes Serie A si se producen ciertos eventos fiscales. El precio de recompra de cualquier Acción Preferente Serie A que se vaya a recomprar en relación con una llamada de liquidación o un evento fiscal será un importe en efectivo equivalente a la preferencia de liquidación de la Acción Preferente Serie A que se vaya a recomprar al día hábil anterior a la fecha en que la Compañía envíe el aviso de recompra correspondiente, más los dividendos ordinarios acumulados y no pagados hasta la fecha de recompra, sin incluir esta.
Si se produce un evento que constituya un "cambio fundamental" según el certificado de designaciones que rige las acciones preferentes de la Serie A, los titulares de dichas acciones tendrán derecho a exigir a BMNR que recompre la totalidad o parte de sus acciones preferentes de la Serie A a un precio de recompra en efectivo equivalente al importe declarado de las acciones preferentes de la Serie A que se van a recomprar, más los dividendos ordinarios acumulados y no pagados, si los hubiere, hasta la fecha de recompra por cambio fundamental, sin incluir dicha fecha.
La preferencia de liquidación de las Acciones Preferentes Serie A será inicialmente de 100 $ por acción. Con efecto inmediatamente después del cierre de operaciones en cada día hábil posterior a la fecha de emisión inicial (y, si corresponde, durante el transcurso de un día hábil en el que se ejecute cualquier transacción de venta que se liquide mediante la emisión de Acciones Preferentes Serie A, desde el momento exacto de la primera de dichas transacciones de venta durante ese día hábil hasta el cierre de operaciones de ese día hábil), la preferencia de liquidación por acción de Acciones Preferentes Serie A se ajustará para ser la mayor de (i) el monto declarado por acción de Acciones Preferentes Serie A; (ii) en el caso de cualquier día hábil con respecto al cual la Compañía haya ejecutado, en ese día hábil o en cualquier día hábil durante el período de diez (10) días hábiles anteriores a dicho día hábil, cualquier transacción de venta que se liquide mediante la emisión de Acciones Preferentes Serie A, un monto igual al último precio de venta informado por acción de Acciones Preferentes Serie A en el día hábil inmediatamente anterior a dicho día hábil; y (iii) el promedio aritmético de los últimos precios de venta reportados por acción de Acciones Preferentes Serie A para cada día de negociación de los diez (10) días de negociación consecutivos inmediatamente anteriores a dicho día hábil; sin embargo, si corresponde, la referencia en (iii) a diez (10) se reemplazará por un número menor de días de negociación que hayan transcurrido durante el período desde, inclusive, la fecha de emisión inicial hasta, pero excluyendo, dicho día hábil. No obstante, la preferencia de liquidación no se ajustará a un monto inferior a 100 $ por acción.
BMNR ha solicitado la cotización de sus acciones preferentes Serie A en la Bolsa de Nueva York bajo el símbolo "BMNP". Si se aprueba la cotización, BMNR prevé que la negociación comience dentro de los 30 días posteriores a la fecha de emisión inicial de las acciones preferentes Serie A.
Moelis & Company y Cantor actúan como coordinadores principales conjuntos de la oferta.
La oferta se realiza de conformidad con una declaración de registro vigente en el Formulario S-3 (Número de archivo 333-288579), presentada ante la Comisión de Bolsa y Valores (la "SEC") el 9 de julio de 2025 (la "Declaración de Registro"). La oferta se realizará únicamente mediante un suplemento del prospecto y un prospecto adjunto incluidos en la Declaración de Registro. Una copia electrónica del suplemento preliminar del prospecto, junto con el prospecto adjunto, está disponible en el sitio web de la SEC en www.sec.gov. Alternativamente, se pueden obtener copias del suplemento del prospecto preliminar, junto con el prospecto adjunto, comunicándose con: Moelis & Company LLC, 399 Park Avenue, 4.º piso, Nueva York, NY 10022, por teléfono: 1-800-539-9413, o con Cantor Fitzgerald & Co., Atención: Mercados de Capitales, 110 East 59th Street, Nueva York, NY 10022, por teléfono: 1-212-938-5000, o por correo electrónico: [email protected].
Este comunicado de prensa no constituye una oferta de venta ni una solicitud de oferta de compra de ningún valor mencionado en este comunicado, ni se realizará ninguna venta de dichos valores en ningún estado u otra jurisdicción donde dicha oferta, venta o solicitud sea ilegal antes del registro o la autorización conforme a las leyes de valores de dicho estado o jurisdicción.
Acerca de Bitmine Immersion Technologies
Bitmine Immersion Technologies, Inc. (NYSE: BMNR) es una minera de Bitcoin con operaciones en Estados Unidos. La compañía está invirtiendo su capital excedente para convertirse en la empresa líder mundial en gestión de tesorería de Ethereum, implementando una estrategia innovadora de activos digitales para inversores institucionales y participantes del mercado público. Guiada por su filosofía de "la alquimia del 5%", la compañía está comprometida con ETH como su principal activo de reserva de tesorería, aprovechando actividades nativas del protocolo, como el staking y los mecanismos de finanzas descentralizadas. En 2026, la compañía lanzó MAVAN (Made-in America VAlidator Network), una infraestructura de staking dedicada a los activos de Bitmine.
Declaraciones prospectivas
Este comunicado de prensa contiene declaraciones que constituyen "declaraciones prospectivas". Las declaraciones en este comunicado de prensa que no son puramente históricas son declaraciones prospectivas que implican riesgos e incertidumbres. Las declaraciones en este comunicado de prensa sobre expectativas, planes y perspectivas futuras, así como cualquier otra declaración sobre asuntos que no sean hechos históricos, pueden constituir "declaraciones prospectivas" en el sentido de la Ley de Reforma de Litigios sobre Valores Privados de 1995. Las palabras "anticipar", "creer", "continuar", "podría", "estimar", "esperar", "pretender", "puede", "planificar", "potencial", "predecir", "proyectar", "debería", "objetivo", "hará", "haría" y expresiones similares tienen como objetivo identificar las declaraciones prospectivas, aunque no todas las declaraciones prospectivas contienen estas palabras identificativas. Estas declaraciones incluyen, entre otras, declaraciones relativas al tamaño y el momento de la oferta, el uso previsto de los fondos obtenidos, los términos de los valores ofrecidos, el pago de dividendos y la cotización prevista de las acciones preferentes Serie A en la Bolsa de Nueva York (NYSE). Al evaluar estas declaraciones prospectivas, debe considerar diversos factores, entre ellos: la capacidad de Bitmine para adaptarse a las nuevas tecnologías y a las cambiantes necesidades del mercado; la capacidad de Bitmine para financiar su negocio actual, las operaciones de tesorería de Ethereum y los negocios futuros propuestos; el entorno competitivo del negocio de Bitmine; las condiciones del mercado que afectan al precio de las acciones ordinarias de la Compañía; los avances regulatorios que afectan a los activos digitales, incluida la promulgación e implementación final de la legislación pendiente y las iniciativas de la SEC; la volatilidad e imprevisibilidad de los precios de los activos digitales; y el valor futuro de Bitcoin y Ethereum. Los resultados reales y los resultados de desempeño futuros pueden diferir sustancialmente de los expresados en las declaraciones prospectivas. Las declaraciones prospectivas están sujetas a numerosas condiciones, muchas de las cuales escapan al control de Bitmine, incluidas las establecidas en la sección de Factores de Riesgo del Formulario 10-K de Bitmine presentado ante la SEC el 21 de noviembre de 2025, así como en todos los demás documentos presentados ante la SEC, según se modifiquen o actualicen periódicamente. Las copias de los documentos presentados por Bitmine ante la SEC están disponibles en el sitio web de la SEC: www.sec.gov. Cualquier declaración prospectiva contenida en este comunicado de prensa es válida únicamente a la fecha del mismo, y BMNR renuncia expresamente a cualquier obligación de actualizar dichas declaraciones, ya sea como resultado de nueva información, eventos futuros o de cualquier otra índole, salvo que lo exija la ley.
, /PRNewswire/ -- Bitmine Immersion Technologies, Inc. (NYSE: BMNR) ("BMNR", "Bitmine" of het "bedrijf") heeft vandaag aangekondigd dat het, onder voorbehoud van marktomstandigheden en andere voorwaarden, voornemens is om in een openbare aanbieding (de "aanbieding") geregistreerd op grond van de Securities Act van 1933, zoals gewijzigd (de "Securities Act"), 3.000.000 aandelen van BMNR's 9,50% Series A Perpetual Preferred Stock (de "Series A Preferred Stock") aan te bieden.
BMNR is van plan de netto-opbrengst van de emissie te gebruiken voor algemene bedrijfsdoeleinden, waaronder mogelijk de aankoop van extra ETH en andere digitale activa; de uitbreiding van de staking- en validatorinfrastructuur van de onderneming, onder meer via MAVAN; werkkapitaal; strategische investeringen die aansluiten bij het Ethereum-ecosysteem en de bredere acceptatie van digitale activa; en/of de inkoop van gewone aandelen van de onderneming in het kader van haar aandeleninkoopprogramma.
De preferente aandelen van serie A zullen cumulatieve dividenden laten accumuleren tegen een vast percentage van 9,50% per jaar op het vermelde bedrag, zijnde $100 per preferent aandeel van serie A, ongeacht of de dividenden al dan niet zijn gedeclareerd of dat er wettelijk beschikbare middelen zijn voor de betaling ervan (het "vermeld bedrag"). Regelmatige dividenden over de preferente aandelen van serie A zullen worden uitbetaald wanneer, zoals en indien gedeclareerd door de raad van bestuur van BMNR, uit de wettelijk beschikbare middelen voor hun betaling, wekelijks achterstallig; op voorwaarde dat de vennootschap in de toekomst naar eigen goeddunken kan kiezen om regelmatige dividenden vaker te betalen. Gedeclareerde regelmatige dividenden op de preferente aandelen van serie A zullen uitsluitend in contanten worden uitgekeerd. In het geval dat een opgebouwd (geaccumuleerd) regelmatig dividend op de preferente aandelen van serie A niet wordt betaald op de toepasselijke reguliere dividendbetalingsdatum, zullen er aanvullende regelmatige dividenden (hierna "samengestelde dividenden" genoemd) worden opgebouwd over het bedrag van dat onbetaalde regelmatige dividend, wekelijks samengesteld tegen het samengestelde dividendpercentage. De Vennootschap behoudt de flexibiliteit om ervoor te kiezen de uitbetalingsfrequentie van reguliere dividenden te verhogen tot vaker dan wekelijks; indien de Vennootschap hiervoor kiest, zal de extra dividendverhoging per reguliere dividendperiode evenredig worden verlaagd om rekening te houden met deze kortere reguliere dividendperiode, zodat de maximale totale extra dividendverhoging per jaar 260 basispunten bedraagt.
Het samengestelde dividendpercentage dat van toepassing is op elk onbetaald regelmatig dividend dat op een regelmatige dividendbetalingsdatum verschuldigd was, zal in eerste instantie een percentage per jaar bedragen dat gelijk is aan 9,50% plus 5 basispunten (op basis van een wekelijkse regelmatige dividendperiode); op voorwaarde dat dit samengestelde dividendpercentage voor elke volgende regelmatige dividendperiode met 5 basispunten per jaar (op basis van een wekelijkse regelmatige dividendperiode) zal stijgen, totdat het regelmatige dividend, samen met de daarop samengestelde dividenden, volledig is uitbetaald, tot een maximaal dividendpercentage van 15% per jaar.
De vennootschap heeft naar eigen keuze het recht om de preferente aandelen van serie A, geheel of gedeeltelijk, te allen tijde of van tijd tot tijd, voor contant geld terug te kopen als volgt: i) vanaf de oorspronkelijke uitgifte tot achttien (18) maanden na de oorspronkelijke uitgifte, tegen een terugkoopprijs gelijk aan 110% van het aangegeven bedrag per aandeel; ii) van achttien (18) maanden tot drie (3) jaar na de oorspronkelijke uitgifte, tegen een terugkoopprijs gelijk aan 105% van het aangegeven bedrag per aandeel; en iii) na drie (3) jaar na de oorspronkelijke uitgifte, tegen een terugkoopprijs die gelijk is aan 100% van het aangegeven bedrag per aandeel; in elk geval vermeerderd met geaccumuleerde en onbetaalde dividenden daarover tot, maar exclusief, de terugkoopdatum.
Bovendien heeft de vennootschap het recht om alle, maar niet minder dan alle, preferente aandelen van serie A terug te kopen als het totale aantal aandelen van alle preferente aandelen van serie A dat op dat moment uitstaat minder is dan 25% van het totale aantal preferente aandelen van serie A dat oorspronkelijk werd uitgegeven in het aanbod en in elk toekomstig aanbod samen. De vennootschap zal ook het recht hebben om alle, maar niet minder dan alle, preferente aandelen van serie A terug te kopen als bepaalde fiscale gebeurtenissen zich voordoen. De terugkoopprijs voor preferente aandelen van serie A die in verband met een clean-up call (opruimingscall) of belastinggebeurtenis moeten worden teruggekocht, is een contant bedrag gelijk aan de liquidatiepreferentie van de preferente aandelen van serie A die moeten worden teruggekocht per de werkdag voorafgaand aan de datum waarop de vennootschap de desbetreffende terugkoopkennisgeving verzendt, vermeerderd met geaccumuleerde en onbetaalde reguliere dividenden tot, maar exclusief, de terugkoopdatum.
Indien zich een gebeurtenis voordoet die een „fundamentele wijziging" vormt volgens de certificaten van aanwijzing die van toepassing zijn op de preferente aandelen van serie A, hebben houders van deze preferente aandelen het recht om van BMNR te verlangen dat het bedrijf hun preferente aandelen van serie A geheel of gedeeltelijk terugkoopt tegen een contante terugkoopprijs die gelijk is aan de nominale waarde van de terug te kopen preferente aandelen van serie A, vermeerderd met eventuele opgebouwde en nog niet uitgekeerde reguliere dividenden, tot, maar exclusief, de terugkoopdatum wegens de fundamentele wijziging.
De liquidatiepreferentie voor de preferente aandelen van serie A bedraagt in eerste instantie $100 per aandeel. Vanaf onmiddellijk na sluiting van de handel op elke werkdag na de oorspronkelijke uitgiftedatum (en, indien van toepassing, gedurende een werkdag waarop een verkooptransactie die wordt afgewikkeld door uitgifte van preferente aandelen van serie A wordt uitgevoerd, vanaf het exacte tijdstip van de eerste dergelijke verkooptransactie op die werkdag tot aan de sluiting van de handel van die werkdag), wordt de liquidatiepreferentie per preferent aandeel van serie A aangepast naar het hoogste van: (i) het vermelde bedrag per aandeel; (ii) in het geval van een werkdag waarop de vennootschap op die werkdag of op een werkdag binnen de periode van tien (10) handelsdagen voorafgaand aan die werkdag een verkooptransactie heeft uitgevoerd die wordt afgewikkeld door uitgifte van preferente aandelen van serie A, een bedrag gelijk aan de laatst gerapporteerde slotkoers per aandeel op de handelsdag onmiddellijk voorafgaand aan die werkdag; en (iii) het rekenkundig gemiddelde van de laatst gerapporteerde slotkoersen per aandeel voor elke handelsdag van de tien (10) opeenvolgende handelsdagen onmiddellijk voorafgaand aan die werkdag; met dien verstande dat, indien van toepassing, de verwijzing in (iii) naar tien (10) wordt vervangen door het kleinere aantal handelsdagen dat is verstreken in de periode van (met ingang van) de oorspronkelijke uitgiftedatum tot (maar exclusief) die werkdag. De liquidatiepreferentie wordt echter niet aangepast tot een bedrag van minder dan 100 USD per aandeel.
BMNR heeft een aanvraag ingediend om de Series A Preferred Stock op de New York Stock Exchange te noteren onder het symbool "BMNP". Indien de notering wordt goedgekeurd, verwacht BMNR dat de handel binnen 30 dagen na de datum van eerste uitgifte van de preferente aandelen van serie A zal beginnen.
Moelis & Company en Cantor fungeren als gezamenlijke lead bookrunners voor het aanbod.
Het aanbod wordt gedaan op grond van een effectieve registratieverklaring op formulier S-3 (dossiernummer 333-288579), ingediend bij de Securities and Exchange Commission (SEC) op 9 juli 2025 (de "registratieverklaring"). Het aanbod wordt uitsluitend gedaan door middel van een aanvulling op het prospectus en een bijgevoegd prospectus die in de registratieverklaring zijn opgenomen. Een elektronische kopie van de aanvulling op het voorlopige prospectus, samen met het bijbehorende prospectus, is beschikbaar op de website van de SEC op www.sec.gov. Een exemplaar van de aanvulling op het voorlopige prospectus, samen met het bijbehorende prospectus, kan ook worden verkregen door contact op te nemen met: Moelis & Company LLC, 399 Park Avenue 4th Floor, New York, NY 10022, telefonisch: 1-800-539-9413, of Cantor Fitzgerald & Co., Attentie: Capital Markets, 110 East 59th Street, New York, NY 10022, telefonisch: 1-212-938-5000, of per e-mail: [email protected].
Dit persbericht vormt geen aanbod tot verkoop, noch een uitnodiging tot het doen van een aanbod tot aankoop van de effecten waarnaar in dit persbericht wordt verwezen, en er zal geen verkoop van dergelijke effecten plaatsvinden in enige staat of ander rechtsgebied waar een dergelijk aanbod, een dergelijke verkoop of een dergelijke uitnodiging onwettig zou zijn voordat registratie of goedkeuring heeft plaatsgevonden overeenkomstig de effectenwetgeving van die staat of dat rechtsgebied.
Over Bitmine Immersion Technologies
Bitmine Immersion Technologies, Inc. (NYSE: BMNR) is een Bitcoin-miner met activiteiten in de Verenigde Staten. Het bedrijf zet zijn overtollige kapitaal in om het toonaangevende Ethereum-treasurybedrijf ter wereld te worden, waarbij het een innovatieve strategie voor digitale activa implementeert voor institutionele beleggers en deelnemers aan de openbare kapitaalmarkten. Geleid door zijn filosofie van de 'Alchemy of 5%' is het bedrijf toegewijd aan ETH als primair reserveactief binnen de treasurystrategie, waarbij het gebruikmaakt van activiteiten op protocolniveau, waaronder staking en de mechanismen van decentrale financiering. Het bedrijf heeft MAVAN (Made in America VAlidator Network), een speciale stakinginfrastructuur voor Bitmine-activa, gelanceerd in 2026.
Toekomstgerichte verklaringen
Dit persbericht bevat verklaringen die als 'toekomstgerichte verklaringen' worden aangemerkt. De verklaringen in dit persbericht die niet puur historisch van aard zijn, zijn toekomstgerichte verklaringen die risico's en onzekerheden met zich meebrengen. Verklaringen in dit persbericht over toekomstige verwachtingen, plannen en vooruitzichten, evenals andere verklaringen over zaken die geen historische feiten zijn, kunnen "toekomstgerichte verklaringen" vormen in de zin van de Private Securities Litigation Reform Act van 1995. De woorden "anticipate", "believe", "continue", "could", "estimate", "expect", "intend", "may", "plan", "potential", "predict", "project", "should", "target", "will", "would" en soortgelijke uitdrukkingen zijn bedoeld om toekomstgerichte verklaringen te identificeren, hoewel niet alle toekomstgerichte verklaringen deze identificerende woorden bevatten. Deze verklaringen omvatten, maar zijn niet beperkt tot, verklaringen met betrekking tot de omvang en het tijdstip van het aanbod, het verwachte gebruik van de opbrengst van het aanbod, de voorwaarden van de aangeboden effecten, de betaling van dividenden en de verwachte notering van de preferente aandelen van serie A op de NYSE. Bij het evalueren van deze toekomstgerichte verklaringen dient u rekening te houden met verschillende factoren, waaronder: het vermogen van Bitmine om gelijke tred te houden met nieuwe technologieën en veranderende marktbehoeften; het vermogen van Bitmine om zijn huidige activiteiten, Ethereum-treasuryactiviteiten en voorgestelde toekomstige activiteiten te financieren; de concurrentieomgeving waarin Bitmine actief is; marktomstandigheden die van invloed zijn op de handelsprijs van de gewone aandelen van het bedrijf; regelgevende ontwikkelingen met betrekking tot digitale activa, waaronder de uiteindelijke goedkeuring en implementatie van hangende wetgeving en SEC-initiatieven; de volatiliteit en onvoorspelbaarheid van prijzen van digitale activa; en de toekomstige waarde van Bitcoin en Ethereum. De werkelijke resultaten en toekomstige prestaties kunnen wezenlijk afwijken van die welke in toekomstgerichte verklaringen worden vermeld. Toekomstgerichte verklaringen zijn onderhevig aan talrijke factoren, waarvan vele buiten de macht van Bitmine liggen, waaronder deze die zijn uiteengezet in het deel Risicofactoren van het 10-K-formulier van Bitmine dat op 21 november 2025 is ingediend bij de SEC, evenals alle andere SEC-indieningen, zoals van tijd tot tijd gewijzigd of bijgewerkt. Kopieën van de SEC-indieningen van Bitmine zijn beschikbaar op de website van de SEC op www.sec.gov. Alle toekomstgerichte verklaringen in dit persbericht hebben uitsluitend betrekking op de datum van dit persbericht, en BMNR wijst uitdrukkelijk elke verplichting af om dergelijke toekomstgerichte verklaringen bij te werken, hetzij als gevolg van nieuwe informatie, toekomstige gebeurtenissen of anderszins, tenzij dit wettelijk vereist is.
