Market Signal Briefing

November 26, 2025 17:24 ET

 | Source:

American Lithium Corp.

VANCOUVER, British Columbia, Nov. 26, 2025 (GLOBE NEWSWIRE) -- American Lithium Corp. (“American Lithium” or the “Company”) (TSX-V:LI | OTCQX:AMLIF | Frankfurt:5LA1) is pleased to report the voting results for the Company’s Annual General Meeting of Shareholders (the “Meeting”) held today in Vancouver, British Columbia.

Detailed voting results of the election of the Company’s board of directors (the “Board of Directors”) are set out below:

NomineeVotes For% ForVotes Withheld% WithheldAndrew Bowering46,450,21598.77%576,6471.23%Claudia Tornquist43,857,64293.26%3,169,2206.74%Laurence Stefan45,140,72895.99%1,886,1344.01%G.A. (Ben) Binninger45,465,39696.68%1,561,4663.32%Alex Tsakumis46,424,57198.72%602,2911.28%Rona Sellers46,420,02298.71%606,8401.29%
All nominees, as set forth in the Company’s Management Information Circular dated October 24, 2025 (the “Circular”), were elected as directors of American Lithium at the Meeting.

At the Meeting, shareholders also approved: (1) the number of directors to fixed at six, (2) the appointment of Davidson & Company LLP as auditor of the Company for the ensuing year and authorizing the Board of Directors to fix the remuneration of the auditor and (3) the re-approval of the Company’s omnibus incentive plan, as more particularly described in the Circular.

 Votes For% ForVotes Against - Withheld% Against - WithheldNumber of directors71,296,68097.72%1,665,1692.28%Appointment of auditors71,110,18297.46%1,851,6692.54%Omnibus incentive plan45,624,74897.02%1,402,1132.98%
For further information regarding the matters considered at the Meeting, readers are encouraged to review the Circular, a copy of which is available under the profile for the Company on SEDAR+ (www.sedarplus.ca).

About American Lithium

American Lithium is developing two of the world’s largest, advanced-stage lithium projects, along with the largest undeveloped uranium project in Latin America. They include the TLC claystone lithium project in Nevada, the Falchani hard rock lithium project and the Macusani uranium deposit, both in southern Peru. All three projects have been through robust preliminary economic assessments, exhibit significant expansion potential and enjoy strong community support.

For more information, please contact the Company at [email protected] or visit our website at www.americanlithiumcorp.com.

Follow us on Facebook, Twitter and LinkedIn.

On behalf of the Board of Directors of American Lithium Corp.

“Alex Tsakumis”
Interim Chief Executive Officer
Tel: 604 428 6128

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

Cautionary Statement Regarding Forward Looking Information
This news release contains certain forward-looking information and forward-looking statements (collectively “forward-looking statements”) within the meaning of applicable securities legislation. All statements, other than statements of historical fact, are forward-looking statements. Forward-looking statements in this news release include, but are not limited to, statements regarding the business plans, expectations and objectives of American Lithium. Forward-looking statements are frequently identified by such words as "may", "will", "plan", "expect", "anticipate", "estimate", "intend", “indicate”, “scheduled”, “target”, “goal”, “potential”, “subject”, “efforts”, “option” and similar words, or the negative connotations thereof, referring to future events and results. Forward-looking statements are based on the current opinions and expectations of management and are not, and cannot be, a guarantee of future results or events. Although American Lithium believes that the current opinions and expectations reflected in such forward-looking statements are reasonable based on information available at the time, undue reliance should not be placed on forward-looking statements since American Lithium can provide no assurance that such opinions and expectations will prove to be correct. All forward-looking statements are inherently uncertain and subject to a variety of assumptions, risks and uncertainties, including risks, uncertainties and assumptions related to: American Lithium’s ability to achieve its stated goals;, which could have a material adverse impact on many aspects of American Lithium’s businesses including but not limited to: the ability to access mineral properties for indeterminate amounts of time, the health of the employees or consultants resulting in delays or diminished capacity, social or political instability in Peru which in turn could impact American Lithium’s ability to maintain the continuity of its business operating requirements, may result in the reduced availability or failures of various local administration and critical infrastructure, reduced demand for the American Lithium’s potential products, availability of materials, global travel restrictions, and the availability of insurance and the associated costs; the ongoing ability to work cooperatively with stakeholders, including but not limited to local communities and all levels of government; the potential for delays in exploration or development activities; the interpretation of drill results, the geology, grade and continuity of mineral deposits; the possibility that any future exploration, development or mining results will not be consistent with our expectations; risks that permits will not be obtained as planned or delays in obtaining permits; mining and development risks, including risks related to accidents, equipment breakdowns, labour disputes (including work stoppages, strikes and loss of personnel) or other unanticipated difficulties with or interruptions in exploration and development; risks related to commodity price and foreign exchange rate fluctuations; risks related to foreign operations; the cyclical nature of the industry in which American Lithium operates; risks related to failure to obtain adequate financing on a timely basis and on acceptable terms or delays in obtaining governmental approvals; risks related to environmental regulation and liability; political and regulatory risks associated with mining and exploration; risks related to the uncertain global economic environment and the effects upon the global market generally, any of which could continue to negatively affect global financial markets, including the trading price of American Lithium’s shares and could negatively affect American Lithium’s ability to raise capital and may also result in additional and unknown risks or liabilities to American Lithium. Other risks and uncertainties related to prospects, properties and business strategy of American Lithium are identified in the “Risk Factors” section of American Lithium’s Management’s Discussion and Analysis filed on October 30, 2025, and in recent securities filings available at www.sedarplus.ca. Actual events or results may differ materially from those projected in the forward-looking statements. American Lithium undertakes no obligation to update forward-looking statements except as required by applicable securities laws. Investors should not place undue reliance on forward-looking statements.

, /PRNewswire/ -- This press release provides shareholders of Cohen & Steers Closed-End Opportunity Fund, Inc. (NYSE: FOF) (the "Fund") with information regarding the sources of the distribution to be paid on November 28, 2025 and cumulative distributions paid fiscal year-to-date.

In December 2021, the Fund implemented a managed distribution policy in accordance with exemptive relief issued by the Securities and Exchange Commission. The managed distribution policy seeks to deliver the Fund's long-term total return potential through regular monthly distributions declared at a fixed rate per common share. The policy gives the Fund greater flexibility to realize long-term capital gains throughout the year and to distribute those gains on a regular monthly basis to shareholders. The Board of Directors of the Fund may amend, terminate or suspend the managed distribution policy at any time, which could have an adverse effect on the market price of the Fund's shares.

The Fund's monthly distributions may include long-term capital gains, short-term capital gains, net investment income and/or return of capital for federal income tax purposes. Return of capital includes distributions paid by the Fund in excess of its net investment income and net realized capital gains and such excess is distributed from the Fund's assets. A return of capital is not taxable; rather, it reduces a shareholder's tax basis in his or her shares of the Fund. The amount of monthly distributions may vary depending on a number of factors, including changes in portfolio and market conditions.

At the time of each monthly distribution, information will be posted to cohenandsteers.com and mailed to shareholders in a concurrent notice. However, this information may change at the end of the year because the final tax characteristics of the Fund's distributions cannot be determined with certainty until after the end of the calendar year. Final tax characteristics of all of the Fund's distributions will be provided on Form 1099-DIV, which is mailed after the close of the calendar year.

The following table sets forth the estimated amounts of the current distribution and the cumulative distributions paid this fiscal year-to-date from the sources indicated. All amounts are expressed per common share.

DISTRIBUTION ESTIMATES

November 2025

YEAR-TO-DATE (YTD)

November 30, 2025*

Source

Per Share Amount

% of Current Distribution

Per Share Amount

% of 2025 Distributions

Net Investment Income

$0.0000

0.00 %

$0.2809

29.35 %

Net Realized Short-Term Capital Gains

$0.0000

0.00 %

$0.0500

5.23 %

Net Realized Long-Term Capital Gains

$0.0870

100.00 %

$0.5972

62.40 %

Return of Capital (or other Capital Source)

$0.0000

0.00 %

$0.0289

3.02 %

Total Current Distribution

$0.0870

100.00 %

$0.9570

100.00 %

You should not draw any conclusions about the Fund's investment performance from the amount of this distribution or from the terms of the Fund's managed distribution policy. The Fund estimates that it has distributed more than its income and capital gains; therefore, a portion of your distribution may be a return of capital. A return of capital may occur, for example, when some or all of the money that you invested in the Fund is paid back to you. A return of capital distribution does not necessarily reflect the Fund's investment performance and should not be confused with 'yield' or 'income'. The amounts and sources of distributions reported in this Notice are only estimates, are likely to change over time, and are not being provided for tax reporting purposes. The actual amounts and sources of the amounts for accounting and tax reporting purposes will depend upon the Fund's investment experience during the remainder of its fiscal year and may be subject to changes based on tax regulations. The amounts and sources of distributions year-to-date may be subject to additional adjustments.

*THE FUND WILL SEND YOU A FORM 1099-DIV FOR THE CALENDAR YEAR THAT WILL TELL YOU HOW TO REPORT THESE DISTRIBUTIONS FOR FEDERAL INCOME TAX PURPOSES

The Fund's Year-to-date Cumulative Total Return for fiscal year 2025 (January 1, 2025 through October 31, 2025) is set forth below. Shareholders should take note of the relationship between the Year-to-date Cumulative Total Return with the Fund's Cumulative Distribution Rate for 2025. In addition, the Fund's Average Annual Total Return for the five-year period ending October 31, 2025 is set forth below. Shareholders should note the relationship between the Average Annual Total Return with the Fund's Current Annualized Distribution Rate for 2025. The performance and distribution rate information disclosed in the table is based on the Fund's net asset value per share (NAV). The Fund's NAV is calculated as the total market value of all the securities and other assets held by the Fund minus the total liabilities, divided by the total number of shares outstanding. While NAV performance may be indicative of the Fund's investment performance, it does not measure the value of a shareholder's individual investment in the Fund. The value of a shareholder's investment in the Fund is determined by the Fund's market price, which is based on the supply and demand for the Fund's shares in the open market.

Fund Performance and Distribution Rate Information:

Year-to-date January 1, 2025 to October 31, 2025

Year-to-date Cumulative Total Return1                                                                

15.79 %

Cumulative Distribution Rate2

7.41 %

Five-year period ending October 31, 2025

Average Annual Total Return3

12.52 %

Current Annualized Distribution Rate4

8.08 %

Year-to-date Cumulative Total Return is the percentage change in the Fund's NAV over the year-to-date time period including distributions paid and assuming reinvestment of those distributions.
Cumulative Distribution Rate for the Fund's current fiscal period (January 1, 2025 through November 30, 2025) measured on the dollar value of distributions in the year-to-date period as a percentage of the Fund's NAV as of October 31, 2025.
Average Annual Total Return represents the compound average of the Annual NAV Total Returns of the Fund for the five-year period ending October 31, 2025. Annual NAV Total Return is the percentage change in the Fund's NAV over a year including distributions paid and assuming reinvestment of those distributions.
The Current Annualized Distribution Rate is the current fiscal period's distribution rate annualized as a percentage of the Fund's NAV as of October 31, 2025.

Investors should consider the investment objectives, risks, charges and expense of the Fund carefully before investing. You can obtain the Fund's most recent periodic reports, when available, and other regulatory filings by contacting your financial advisor or visiting cohenandsteers.com. These reports and other filings can be found on the Securities and Exchange Commission's EDGAR Database. You should read these reports and other filings carefully before investing.

Shareholders should not use the information provided here in preparing their tax returns. Shareholders will receive a Form 1099-DIV for the calendar year indicating how to report Fund distributions for federal income tax purposes.

About Cohen & Steers. Cohen & Steers is a leading global investment manager specializing in real assets and alternative income, including listed and private real estate, preferred securities, infrastructure, resource equities, commodities, as well as multi-strategy solutions. Founded in 1986, the firm is headquartered in New York City, with offices in London, Dublin, Hong Kong, Tokyo and Singapore.

Forward-Looking Statements
This press release and other statements that Cohen & Steers may make may contain forward looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, which reflect the company's current views with respect to, among other things, its operations and financial performance. You can identify these forward-looking statements by the use of words such as "outlook," "believes," "expects," "potential," "continues," "may," "will," "should," "seeks," "approximately," "predicts," "intends," "plans," "estimates," "anticipates," or the negative versions of these words or other comparable words. Such forward-looking statements are subject to various risks and uncertainties.

Accordingly, there are or will be important factors that could cause actual outcomes or results to differ materially from those indicated in these statements. The company undertakes no obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise.

Website: https://www.cohenandsteers.com
Symbol: (NYSE: CNS)

SOURCE Cohen & Steers, Inc.

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

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

VANCOUVER, British Columbia, Nov. 26, 2025 (GLOBE NEWSWIRE) -- Liberty Gold Corp. (TSX:LGD; OTCQX:LGDTF) ("Liberty Gold" or the "Company") is pleased to announce that the United States Forest Service (“USFS”) and the United States Bureau of Land Management (“BLM”) have determined that the Mine Plan of Operations (“MPO”) for the Company’s flagship Black Pine Oxide Gold Project (“Black Pine” or the “Project”) in southern Idaho has met federal content standards and is deemed “Administratively Complete” under Title 36, Subpart 228 and Title 43, Subpart 3809 of the U.S. Code of Federal Regulations.

Highlights

Key permitting milestone achieved: The USFS and BLM’s completeness determination confirms that the Black Pine MPO meets applicable requirements to advance through the US federal permitting process to the next stage;Foundation for the National Environmental Policy Act (“NEPA”) review: The MPO outlines proposed mining, processing, environmental protection measures and reclamation activities based on Liberty Gold’s Preliminary Feasibility Study1 (see press release October 10, 2024) and serves as the basis for the forthcoming federal environmental analysis;Collaborative, multi-agency permitting approach: The MPO was prepared in close coordination with the USFS, BLM, Idaho Department of Environmental Quality (“IDEQ”), Idaho Department of Lands (“IDL”), and the Idaho Governor’s Office of Energy and Mineral Resources (“OEMR”) under an interagency Memorandum of Understanding (“MOU”) executed in February 2025. This MOU formalized agency roles and timelines for efficient coordination through the NEPA process. The MPO was submitted in February 2025 and underwent an extensive initial completeness review by the USFS and BLM. The Company has worked closely and diligently with federal and state agencies to address comments provided and is pleased to have achieved this foundational milestone for Black Pine.Stantec Appointed as Independent Third-Party EIS Contractor: Stantec, a US-based, global leader in sustainable engineering and environmental consulting, has been retained by the USFS and BLM to prepare the Black Pine Environmental Impact Study (“EIS”) and related documentation under federal oversight. Preparations are well-advanced for streamlined initiation of the EIS process, and extensive environmental baseline studies have been completed that will inform key sections of the EIS document.  Next steps: The USFS and BLM will publish the Notice of Intent (“NOI”) in the Federal Register, initiating the prescribed part of the NEPA review commencing with formal stakeholder engagement and drafting of the EIS. Public scoping meetings will engage with federal, state, and local agencies, Tribal Nations, and community stakeholders to identify issues and alternatives for the EIS over a 24-month period leading to a draft Decision Notice (USFS) and Record of Decision (BLM). The EIS will evaluate potential environmental and socio-economic effects of the Project, including water resources, air quality, wildlife, vegetation, cultural resources, and reclamation planning, as well as alternatives and mitigation measures. The Company continues to advance Idaho state-level permits in parallel, including key subject areas of water rights, air quality, mine reclamation, and cyanidation permits. These efforts and timing align with Idaho’s Strategic Permitting, Efficiency, and Economic Development (“SPEED”) Act, which aims to enhance coordination and efficiency in project permitting. ___________________________________________
1 See technical report “Black Pine Project NI 43-101 Technical Report, Oneida County, Idaho, USA”, effective June 1, 2024, and dated November 21, 2024, prepared by Valerie Wilson, P.Geo. SLR Consulting Ltd.; Todd Carstensen, RM-SME AGP Mining Consultants Inc.; Gary Simmons, MMSA GL Simmons Consulting, LLC; Nicholas T. Rocco, Ph.D., P.E.  NewFields Companies LLC; Benjamin Bermudez, P.E. M3 Engineering & Technology Corp.; Matthew Sletten, P.E. M3 Engineering & Technology Corp.; John Rupp, P.E. Piteau Associates Ltd. ; Daniel Yang, P.Eng., P.E. Knight Piésold Ltd.; Richard DeLong, M.Sc. Westland Engineering & Environmental Services Inc. on the Company’s profile on SEDAR+ at www.sedarplus.ca and press release dated October 10, 2024.

Jon Gilligan, President and CEO of Liberty Gold, stated: “Acceptance of our Mine Plan of Operations is a major permitting achievement for Liberty Gold and for Idaho. It is the product of years of technical, environmental and community work culminating in a high-quality submittal that meets the rigorous federal standards for mine development. We are proud to advance Black Pine mine permitting under the strong collaborative framework established with our federal agency partners and with the State of Idaho. This milestone brings us one step closer to a construction decision as we continue to demonstrate that Black Pine is one of the most significant oxide gold development opportunities in the Great Basin.”

ABOUT LIBERTY GOLD

Liberty Gold is focused on developing open pit oxide deposits in the Great Basin of the United States, home to large-scale gold projects that are ideal for open-pit mining. This region is one of the most prolific gold-producing regions in the world and stretches across Nevada and into Idaho and Utah. The Company is advancing the Black Pine Project in southeastern Idaho, a past-producing, Carlin-style gold system with a large, growing resource and strong economic potential. We know the Great Basin and are driven to discover and advance big gold deposits that can be mined profitably in open-pit scenarios and in an environmentally responsible manner.

For more information, visit www.libertygold.ca or contact:
Susie Bell, Manager, Investor Relations
Phone: 604-632-4677 or Toll Free 1-877-632-4677
[email protected] 

All statements in this press release, other than statements of historical fact, are "forward-looking information" with respect to Liberty Gold within the meaning of applicable securities laws, including statements that address potential quantity and/or grade of minerals, potential size and expansion of a mineralized zone, proposed timing of exploration plans, development plans and construction decisions, expected capital costs at Black Pine, expected gold and silver recoveries from the Black Pine mineralized material, potential additions to the resource through additional drill testing, potential upgrade of inferred mineral resources to measured and indicated mineral resources, the timing and receipt of necessary permitting and approval of the final mine plan of operations. Forward-looking information is often, but not always, identified by the use of words such as "seek", "anticipate", "plan", "continue", "planned", "expect", "project", "predict", "potential", "targeting", "intends", "believe", "potential", and similar expressions, or describes a "goal", or variation of such words and phrases or state that certain actions, events or results "may", "should", "could", "would", "might" or "will" be taken, occur or be achieved. Forward-looking information is not a guarantee of future performance and is based upon a number of estimates and assumptions of management at the date the statements are made including, among others, assumptions about future prices of gold, and other metal prices, currency exchange rates and interest rates, favourable operating conditions, political stability, obtaining governmental approvals and financing on time, obtaining renewals for existing licenses and permits and obtaining required licenses and permits, labour stability, stability in market conditions, availability of equipment, accuracy of any mineral resources and mineral reserves, the availability of drill rigs, the accuracy of the preliminary feasibility study, successful resolution of disputes and anticipated costs and expenditures. Many assumptions are based on factors and events that are not within the control of Liberty Gold and there is no assurance they will prove to be correct.

Such forward-looking information, involves known and unknown risks, which may cause the actual results to be materially different from any future results expressed or implied by such forward-looking information, including, risks related to the interpretation of results and/or the reliance on technical information provided by third parties as related to the Company’s mineral property interests; changes in project parameters as plans continue to be refined; current economic conditions; future prices of commodities; possible variations in grade or recovery rates; the costs and timing of the development of new deposits; failure of equipment or processes to operate as anticipated; the failure of contracted parties to perform; the timing and success of exploration activities generally; delays in permitting; possible claims against the Company; labour disputes and other risks of the mining industry; delays in obtaining governmental approvals, financing or in the completion of exploration as well as those factors discussed in the Annual Information Form of the Company dated March 25, 2025 in the section entitled "Risk Factors", under Liberty Gold’s SEDAR+ profile at www.sedarplus.ca. Although Liberty Gold has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate as actual results, and future events could differ materially from those anticipated in such statements. Liberty Gold disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise unless required by law.

LOS ANGELES--(BUSINESS WIRE)--The Law Offices of Frank R. Cruz announces an investigation of Baidu, Inc. (“Baidu” or the “Company”) (NASDAQ: BIDU) on behalf of investors concerning the Company's possible violations of federal securities laws. IF YOU ARE AN INVESTOR WHO LOST MONEY ON BAIDU, INC. (BIDU), CLICK HERE TO INQUIRE ABOUT POTENTIALLY PURSUING A CLAIM TO RECOVER YOUR LOSS. What Is the Investigation About? On November 26, 2025, Reuters reported that an October 7th letter from Deputy Defen.

Company to Showcase Fully Reengineered Portfolio; Executive Team, Including Head of Sales John Monds, Available for On-Site Meetings

, /PRNewswire/ -- Ispire Technology Inc. (NASDAQ: ISPR) ("Ispire," or the "Company"), announced that it will unveil its fully reengineered cannabis product ecosystem at MJBizCon 2025, the world's largest cannabis industry conference and trade show. Held December 2–5 at the Las Vegas Convention Center, the event will serve as the official launchpad for Ispire's next-generation hardware suite.

At the heart of this launch is Ispire's newly structured product architecture, which is designed to offer a smarter, more intuitive way for cannabis brands to navigate hardware selection. With a clean coding system, streamlined feature sets and clearly defined use cases, the new ecosystem enables faster product discovery, confident comparisons and optimal matching with each customer's formulation and performance needs.

"We're making it easier than ever for brands to identify the right hardware with total clarity, premium materials and engineering that's ready for global compliance," said Michael Wang, Co-CEO of Ispire. "This is about elevating the customer experience while reinforcing our position as the innovation leader in the cannabis vaping sector."

Ispire's new suite of cannabis devices include:

The E-Series (Essentials): streamlined, scalable hardware for everyday formulations

EA02-10-S – A compact, draw-activated device with a streamlined profile, voltage tuning and optimized airflow—ideal for quick customization and ease of use.
EA03-10-S – A mid-sized model combining sleek aesthetics with increased tank volume and dual voltage control, built for brands that prioritize both form and function.
EA04-10-S/O – Engineered for high-viscosity oils, with advanced heating elements and a self-sealing tank that minimizes leakage while preserving terpene integrity—perfect for extract-focused brands.

The S-Series (Specialized): advanced, high-performance solutions for premium oils and technical requirements

SA05-10-S – The flagship model featuring dual activation (draw/button), extended battery life and high-end construction. Ideal for premium positioning and brand differentiation.
SA03-10-S/O – A versatile postless disposable device featuring puff-sense activation, clog-proof engineering and dual-sided tank windows for optimal visibility. The self-sealing fill system enhances reliability and leak resistance, while the compact form factor and 270mAh battery deliver consistency for brands targeting high-volume, user-friendly applications.
SA04-10-S/O – Built for durability and discretion, this self-sealing, single-use model balances premium feel with a minimalist footprint. Designed for consistent dosing, fast activation and simplified logistics, it's ideal for regulated markets or product lines prioritizing compliance, portability and minimal waste.

The C-Series (Custom): fully custom and ODM-engineered devices built from the ground up

For brands seeking complete differentiation, the C-Series enables fully custom, ODM-engineered hardware solutions tailored to proprietary aesthetics, heating technologies, materials, form factors, performance targets or market-specific certifications. Whether adapting an existing platform or developing a device from scratch, the C-Series provides end-to-end product development support aligned with Ispire's quality and compliance standards.

Each new device reflects Ispire's core principles of efficiency, safety and design simplicity. Built with world-class components and aligned with the company's precision dosing mission, the portfolio supports a wide spectrum of cannabis oil viscosities, fill volumes and activation types, including draw, button and dual-mode configurations.

"We engineer it. You own it," added Wang. "This architecture gives our partners the freedom to build their own brands and stories, while we provide the foundation of reliability, performance and regulatory readiness."

Senior executives, including John Monds, Vice President of Sales, will be available for meetings throughout MJBizCon 2025. Attendees interested in exploring Ispire's new platform or discussing partnership opportunities can schedule time directly by emailing [email protected].

About Ispire Technology Inc.
Ispire is engaged in the research and development, design, commercialization, sales, marketing and distribution of branded e-cigarettes and cannabis vaping products. The Company's operating subsidiaries own or license more than 400 patents worldwide. Ispire's branded e-cigarette products are marketed under the Aspire name and are sold worldwide (except in the U.S., People's Republic of China and Russia) primarily through its global distribution network. The Company also engages in original design manufacture (ODM) relationships with e-cigarette brands and retailers worldwide. The Company's cannabis products are marketed under the Ispire brand name primarily on an ODM basis to other cannabis vapor companies. Ispire sells its cannabis vaping hardware in the US, Europe and South Africa and it recently commenced marketing activities and customer engagement in Canada and Latin America. For more information, visit www.ispiretechnology.com or follow Ispire on Instagram, LinkedIn, X and YouTube.

Forward Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended ("Securities Act") as well as Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995, as amended, that are intended to be covered by the safe harbor created by those sections. Forward-looking statements, which are based on certain assumptions and describe the Company's future plans, strategies and expectations, can generally be identified by the use of forward-looking terms such as "believe," "expect," "may," "will," "should," "would," "could," "seek," "intend," "plan," "goal," "project," "estimate," "anticipate," "strategy," "future," "likely" or other comparable terms, although not all forward-looking statements contain these identifying words. All statements other than statements of historical facts included in this press release regarding the Company's strategies, prospects, financial condition, operations, costs, plans and objectives are forward-looking statements. Important factors that could cause the Company's actual results and financial condition to differ materially from those indicated in the forward-looking statements. Such forward-looking statements include, but are not limited to, risks and uncertainties including those regarding: whether the Company may be successful in re-entering the U.S. ENDS market; the approval or rejection of any PMTA submitted by the Company; whether the Company will be successful in its plans to further expand into the African market; whether the Company's joint venture with Touch Point Worldwide Inc. d/b/a/ Berify and Chemular Inc. (the "Joint Venture") may be successful in achieving its goals as currently contemplated, with different terms, or at all; the Joint Venture's ability to innovate in the e-cigarette technology space or develop age gating or age verification technologies for nicotine vaping devices; the Company's ability to collect its accounts receivable in a timely manner; the Company's business strategies; the ability of the Company to market to the Ispire ONE™; Ispire ONE™'s success in meeting its goals; the ability of its customers to derive the anticipated benefits of the Ispire ONE™ and the success of its products on the markets; the Ispire ONE™ proving to be safe; and the risk and uncertainties described in "Risk Factors," "Management's Discussion and Analysis of Financial Condition and Results of Operations," "Cautionary Note on Forward-Looking Statements" and the additional risk described in Ispire's Annual Report on Form 10-K for the year ended June 30, 2025 and any subsequent filings which Ispire makes with the SEC. You should not rely upon forward-looking statements as predictions of future events. The forward-looking statements made in this press release relate only to events or information as of the date on which the statements are made in this press release. We undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events except as required by applicable law. You should read this press release with the understanding that our actual future results may be materially different from what we expect.

IR Contact:
Phil Carlson
+1-212-896-1233
[email protected]

PR Contact:
Ellen Mellody
+1-570-209-2947
[email protected]

SOURCE Ispire Technology Inc.

Michael Kliger, CEO of LuxExperience, joins 'Closing Bell Overtime' to talk consumer trends, luxury brand performance, how trade is impacting consumer sentiment, and more.

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, /PRNewswire/ -- Banco Macro S.A. (NYSE: BMA; BYMA: BMA) ("Banco Macro" or "BMA" or the "Bank") announced today its results for the third quarter ended September 30, 2025 ("3Q25").  All figures are in Argentine pesos (Ps.) and have been restated in terms of the measuring unit current at the end of the reporting period. For ease of comparison, figures of previous quarters of 2024 have been restated applying IAS 29 to reflect the accumulated effect of the inflation adjustment for each period through September 30, 2025.

Summary

IN THE FIRST 9 MONTHS OF 2025 ("9M25") THE BANK'S NET INCOME totaled Ps.176.7 billion. This result was 35% or Ps.95.2 billion lower than the result posted in the same period of last year. As of 3Q25, the accumulated annualized return on average equity ("ROAE") and the accumulated annualized return on average assets ("ROAA") were 4.5% and 1.3%, respectively.
In 9M25, OPERATING INCOME (after G&A and personnel expenses) totaled Ps.1.03 trillion, 64% or Ps.1.84 trillion lower than in 9M24.
In 3Q25, BANCO MACRO'S TOTAL FINANCING increased 3% or Ps.332.4 billion quarter over quarter ("QoQ") totaling Ps.10.12 trillion and increased 69% or Ps.4.13 trillion year over year ("YoY"). In 3Q25 USD financing increased 10% while peso financing decreased 2%..
In 3Q25, BANCO MACRO'S TOTAL DEPOSITS increased 5% or Ps.556.4 billion QoQ and increased 11% or Ps.1.17 trillion YoY, totaling Ps.11.81 trillion and representing 75% of the Bank's total liabilities. Private sector deposits increased 6% or Ps.604.9 billion QoQ. In 3Q25, Peso deposits decreased 1% while USD deposits increased 3%.
Banco Macro continued showing a strong solvency ratio, with an EXCESS CAPITAL of Ps.3.30 trillion, 29.9% Capital Adequacy Ratio – Basel III and 29.2% Tier 1 Ratio. In addition, the Bank's LIQUID ASSETS remained at an adequate level, reaching 67% of its total deposits in 3Q25.
In 3Q25, the Bank's NON-PERFORMING TO TOTAL FINANCING RATIO was 3.19% and the COVERAGE RATIO reached 120.87%.
As of 3Q25, through its 469 branches and 8,811 employees Banco Macro serves 6.29 million retail customers (2.5 million digital customers) across 23 of the 24 Provinces in Argentina and over 219,235 corporate customers.

3Q25 Earnings Release Conference Call
Monday, December 1, 2025
Time: 11:00 a.m. Eastern Time | 1:00 p.m. Buenos Aires Time

To participate, please register here:

Banco Macro 3Q25 Earnings Call

IR Contacts in Buenos Aires:

Jorge Scarinci
Chief Financial Officer

Nicolás A. Torres
Investor Relations

Phone: (54 11) 5222 6682
E-mail: [email protected]

Visit our website at: www.macro.com.ar/relaciones-inversores

SOURCE Banco Macro S.A.

-

NEW YORK CITY & NEW ORLEANS--(BUSINESS WIRE)--Kahn Swick & Foti, LLC (“KSF”) and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors with substantial losses that they have until January 26, 2026 to file lead plaintiff applications in a securities class action lawsuit against Alexandria Real Estate Equities, Inc. (“Alexandria” or the “Company”) (NYSE: ARE), if they purchased or otherwise acquired the Company’s securities between January 27, 2025 to October 27, 2025, inclusive (the “Class Period”). This action is pending in the United States District Court for the Central District of California.

What You May Do

If you purchased securities of Alexandria and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, contact KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850 or via email ([email protected]), or visit https://www.ksfcounsel.com/cases/nyse-are/ to learn more. If you wish to serve as a lead plaintiff in this class action, you must petition the Court by January 26, 2026.

About the Lawsuit

Alexandria and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.

On October 27, 2025, post-market, the Company disclosed financial results for the third quarter of fiscal year 2025 that were below expectations, including cuts to its FFO guidance for the full-year 2025, due to lower occupancy rates, slower leasing activity and most notably, a real estate impairment charge of $323.9 million with $206 million attributed to its LIC property.

On this news, the price of Alexandria’s shares fell from a closing market price of $77.87 per share on October 27, 2025 to $62.94 per share on October 28, 2025, a decline of about 19% in the span of just a single day.

The case is Warren Hern v. Alexandria Real Estate Equities, Inc., et al., No. 25-cv-11319.

About Kahn Swick & Foti, LLC

KSF, whose partners include former Louisiana Attorney General Charles C. Foti, Jr., is one of the nation's premier boutique securities litigation law firms. This past year, KSF was ranked by SCAS among the top 10 firms nationally based upon total settlement value. KSF serves a variety of clients, including public and private institutional investors, and retail investors - in seeking recoveries for investment losses emanating from corporate fraud or malfeasance by publicly traded companies. KSF has offices in New York, Delaware, California, Louisiana, Chicago, and a representative office in Luxembourg.

TOP 10 Plaintiff Law Firms - According to ISS Securities Class Action Services

To learn more about KSF, you may visit www.ksfcounsel.com.

CONNECT WITH US: Facebook || Instagram || YouTube || TikTok || LinkedIn

More News From Kahn Swick & Foti, LLC

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

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

Revenue decrease by 5.3% but Income from Operations up 30.9% Year Over Year

, /PRNewswire/ -- Scienjoy Holding Corporation ("Scienjoy", the "Company", or "we") (NASDAQ: SJ), an interactive entertainment leader in the Chinese market, today announced its unaudited financial results for the nine months ended September 30, 2025.

Nine Months 2025 Operating and Financial Summaries

Total revenues decreased to RMB959.3 million (US$134.7 million) for the nine months ended September 30, 2025 from RMB1,012.5 million in the same period of 2024.
Gross profit decreased to RMB177.9 million (US$25.0 million) for the nine months ended September 30, 2025 from RMB179.6 million in the same period of 2024.
Income from operations increased by 30.9% to RMB46.2 million (US$6.5 million) for the nine months ended September 30, 2025 from RMB35.3 million in the same period of 2024.
Net income decreased to RMB14.9 million (US$2.1 million) for the nine months ended September 30, 2025 from RMB34.2 million in the same period of 2024. 
Net income attributable to the Company's shareholders decreased to RMB20.2 million (US$2.8 million) for the nine months ended September 30, 2025 from RMB42.7 million in the same period of 2024.
Adjusted net income attributable to the Company's shareholders decreased to RMB26.7 million (US$3.8 million) for the nine months ended September 30, 2025 from RMB50.8 million in the same period of 2024.
As of September 30, 2025, the Company had RMB254.1 million (US$35.7 million) in cash and cash equivalents, which represented an increase of RMB1.5 million from RMB252.5 million as of December 31, 2024.

Mr. Victor He, Chairman and Chief Executive Officer of Scienjoy, commented, "In the first nine months of 2025, we continued to strengthen our 'live streaming + gaming' ecosystem strategy by leveraging artificial intelligence to enhance user experience and improve both platform performance and internal operational efficiency. Our ongoing integration of AI technologies enables more dynamic user interactions, and streamlined management processes that drive higher productivity across the organization.

Building on this momentum, we are expanding AI Vista, our AIGC-driven creative platform, into AI Vista Live — extending AI-powered interaction to both consumers and enterprise users. AI Vista Live combines real-time digital human performance with creative content generation, unlocking new possibilities for entertainment, education, marketing, and corporate engagement.

At the same time, our global expansion continues to advance steadily, driven by our unwavering commitment to evolving from a domestic interactive entertainment leader into a global AI-powered ecosystem platform. Looking ahead, we will remain focused on deepening AI innovation, enhancing operational efficiency, and creating long-term value for our users, partners, and shareholders worldwide."

Mr. Denny Tang, Chief Financial Officer of Scienjoy, added, "The nine-month results demonstrate both the resilience and balance of our business strategy. Despite non-recurring losses related to investment buyback receivables, fair value changes in security investments, and foreign exchange fluctuations, our operating income maintained a robust year-over-year growth rate of 30.9%, even amid a 5.3% decline in revenue. Our improved gross margin further underscores our profitability and resilience against external headwinds. These key metrics reflect the health of our business and our ability to convert an expanding user base into real profit.

With stable cash reserves, we maintain ample liquidity to support ongoing innovation and global expansion. Going forward, we remain firmly committed to our long-term strategy of global growth and continuous innovation in content and technology, delivering sustainable value for both our company and our shareholders."

Nine Months 2025 Financial Results 

Total revenues decreased to RMB959.3 million (US$134.7 million) for the nine months ended September 30, 2025, from RMB1,012.5 million in the same period of 2024, primarily caused by a decrease of paying users due to competitive landscape of China's mobile live streaming market. Total paying users were 332,408 for the nine months ended September 30, 2025, compared to 386,455 in the same period of 2024.

Cost of revenues decreased to RMB781.3 million (US$109.8 million) for the nine months ended September 30, 2025 from RMB832.9 million in the same period of 2024. The decrease was primarily attributable to a decrease of RMB75.6 million in the Company's revenue sharing fees, partially offset by an increase of RMB22.7 million in user acquisition costs.

Gross profit decreased to RMB177.9 million (US$25.0 million) for the nine months ended September 30, 2025 from RMB179.6 million in the same period of 2024 and the gross margin increased to 18.5% for the nine months ended September 30, 2025 from 17.7% in the same period of last year due to higher average live streaming revenue per paying user and lower revenue sharing fees during the nine months ended September 30, 2025, showing the Company's effectiveness in converting high-quality paying user to its gross margin growth. 

Total operating expenses decreased to RMB131.7 million (US$18.5 million) for the nine months ended September 30, 2025 from RMB144.3 million in the same period of 2024.

Sales and marketing expenses increased by 36.6% to RMB4.6 million (US$0.7 million) for the nine months ended September 30, 2025 from RMB3.4 million in the same period of 2024, primarily attributable to more sales and marketing activities.
General and administrative expenses increased by 25.1% to RMB65.6 million (US$9.2 million) for the nine months ended September 30, 2025 from RMB52.5 million in the same period of 2024, primarily caused by an increase of RMB11.7 million in professional consulting fee.
Research and development expenses increased by 5.1% to RMB60.7 million (US$8.5 million) for the nine months ended September 30, 2025 from RMB57.8 million in the same period of 2024. The increase was primarily due to an increase of RMB8.1 million in technical services fees, partially offset by a decrease of RMB4.4 million in employee salary and welfare. 
Provision for credit losses decreased to RMB0.7 million (US$0.1 million) for the nine months ended September 30, 2025 from RMB30.6 million in the same period of 2024, due to a one-time write-off of RMB30.0 million in investment buyback receivable for the nine months ended September 30, 2024.

Income from operations increased by 30.9% to RMB46.2 million (US$6.5 million) for the nine months ended September 30, 2025 from RMB35.3 million in the same period of 2024.

Change in fair value of investment in marketable security was a loss of RMB31.3 million (US$4.4 million) for the nine months ended September 30, 2025, as compared with a gain of RMB12.1 million in the same period of 2024. The change was primarily attributable to the fair value changes in investments in a publicly traded company.

Investment loss decreased to RMB1.1 million (US$0.2 million) for the nine months ended September 30, 2025 from RMB4.4 million in the same period of 2024. The investment loss was primarily attributable to one-time share of unrealized loss in the long-term investments.

Interest income, net decreased to RMB1.3 million (US$0.2 million) for the nine months ended September 30, 2025 from RMB2.8 million in the same period of 2024. The decrease was primarily due to lower interest rate.

Other income, net increased by 1,226.9% to RMB9.5 million (US$1.3 million) for the nine months ended September 30, 2025 from RMB0.7 million in the same period of 2024. The increase was primarily due to increased government subsidies and one-time compensation income. There is no assurance that the Company will continue to receive these subsidies in the future.

Foreign exchange loss, net increased by 289.4% to RMB4.0 million (US$0.6 million) for the nine months ended September 30, 2025 from RMB1.0 million in the same period of 2024.

Income tax expenses decreased to RMB5.7 million (US$0.8 million) for the nine months ended September 30, 2025 from RMB11.2 million in the same period of 2024, which was mainly due to less taxable income.

Net income decreased to RMB14.9 million (US$2.1 million) for the nine months ended September 30, 2025 from RMB34.2 million in the same period of 2024 as a result of the foregoing. 

Net income attributable to the Company's shareholders decreased to RMB20.2 million (US$2.8 million) for the nine months ended September 30, 2025 from RMB42.7 million in the same period of 2024.

Adjusted net income attributable to the Company's shareholders decreased to RMB26.7 million (US$3.8 million) for the nine months ended September 30, 2025 from RMB50.8 million in the same period of 2024. 

Basic and diluted net income per ordinary share were both RMB0.49 (US$0.07) for the nine months ended September 30, 2025. In comparison, basic and diluted net income per ordinary share were both RMB1.03 in the same period of 2024.

Adjusted basic and diluted net income per ordinary share were both RMB0.64 (US$0.09) for the nine months ended September 30, 2025. In comparison, adjusted basic and diluted net income per ordinary share were both RMB1.23 in the same period of 2024.

As of September 30, 2025, the Company had RMB254.1 million (US$35.7 million) in cash and cash equivalents, which represented an increase of RMB1.5 million from RMB252.5 million as of December 31, 2024. 

About Scienjoy Holding Corporation

Scienjoy is a pioneering Nasdaq-listed interactive entertainment leader. Driven by the vision of shaping a metaverse lifestyle, Scienjoy leverages AI-powered technology to create immersive experiences that resonate with global audiences, fostering meaningful connections and redefining entertainment. For more information, please visit http://ir.scienjoy.com/.

Use of Non-GAAP Financial Measures

Adjusted net income attributable to the Company's shareholders is calculated as net income attributable to the Company's shareholders adjusted for share-based compensation. Adjusted basic and diluted net income per ordinary share is non-GAAP net income (loss) attributable to ordinary shareholders divided by weighted average number of ordinary shares used in the calculation of non-GAAP basic and diluted net income per ordinary share. The non-GAAP financial measures are presented to enhance investors' overall understanding of the Company's financial performance and should not be considered a substitute for, or superior to, the financial information prepared and presented in accordance with U.S. GAAP. Investors are encouraged to review the reconciliation of the historical non-GAAP financial measures to its most directly comparable GAAP financial measures. As non-GAAP financial measures have material limitations as analytical metrics and may not be calculated in the same manner by all companies, they may not be comparable to other similarly titled measures used by other companies. In light of the foregoing limitations, you should not consider non-GAAP financial measures as a substitute for, or superior to, such metrics in accordance with US GAAP.

For more information on these non-GAAP financial measures, please see the table captioned "Reconciliations of Non-GAAP Results" near the end of this release.

Exchange Rate Information

This announcement contains translations of certain RMB amounts into U.S. dollars at a specified rate solely for the convenience of the reader. Unless otherwise noted, all translations from RMB to U.S. dollars are made at a rate of RMB7.1190 to US$1.00, the noon buying rate in effect on September 30, 2025, in the H.10 statistical release of the Federal Reserve Board. The Company makes no representation that the RMB amounts could have been, or could be, converted, realized or settled in U.S. dollars at that rate on September 30, 2025, or at any other rate.

Safe Harbor Statement

Certain statements made in this release are "forward looking statements" within the meaning of the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. When used in this press release, the words "estimates," "projected," "expects," "anticipates," "forecasts," "plans," "intends," "believes," "seeks," "may," "will," "should," "future," "propose" and variations of these words or similar expressions (or the negative versions of such words or expressions) are intended to identify forward-looking statements. These forward-looking statements are not guarantees of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside the Company's control, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. Important factors, among others, are: the ability to manage growth; ability to identify and integrate other future acquisitions; ability to obtain additional financing in the future to fund capital expenditures; fluctuations in general economic and business conditions; costs or other factors adversely affecting our profitability; litigation involving patents, intellectual property, and other matters; potential changes in the legislative and regulatory environment; a pandemic or epidemic. The forward-looking statements contained in this release are also subject to other risks and uncertainties, including those more fully described in the Company's filings with the Securities and Exchange Commission ("SEC") from time to time. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law. Such information speaks only as of the date of this release.

For investor and media inquiries, please contact:

Investor Relations Contacts

Denny Tang
Chief Financial Officer
Scienjoy Holding Corporation
+86-10-64428188
[email protected]

Ascent Investor Relations LLC

Tina Xiao
+1-646-932-7242
[email protected]

UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS

(All amounts in thousands, except share and per share data or otherwise stated)

As of
December 31,

As of
September 30,

2024

2025

2025

RMB

RMB

US$

    ASSETS

   Current assets

Cash and cash equivalents

252,540

254,081

35,691

Accounts receivable, net

226,060

186,551

26,205

Prepaid expenses and other current assets

28,415

32,373

4,547

Amounts due from related parties

-

100

14

Investment in marketable security

37,629

6,293

884

Total current assets

544,644

479,398

67,341

Non-current assets

Property and equipment, net

1,981

1,707

240

Intangible assets, net

405,256

400,254

56,223

Goodwill

182,661

183,063

25,715

Long term investments

257,387

291,952

41,010

Long term deposits and other assets

906

835

117

Right-of-use assets-operating lease

4,845

16,252

2,283

Deferred tax assets

7,505

7,280

1,023

Total non-current assets

860,541

901,343

126,611

TOTAL ASSETS

1,405,185

1,380,741

193,952

LIABILITIES AND EQUITY

Current liabilities

Accounts payable

36,015

19,135

2,690

Accrued salary and employee benefits

22,346

12,084

1,697

Accrued expenses and other current liabilities

6,840

4,491

631

Income tax payable

11,284

12,671

1,780

Lease liabilities-operating lease -current

4,098

3,901

548

Deferred revenue

80,186

50,972

7,160

Total current liabilities

160,769

103,254

14,506

Non-current liabilities

Deferred tax liabilities

58,400

57,389

8,061

Lease liabilities-operating lease -non-current

700

11,956

1,679

Total non-current liabilities

59,100

69,345

9,740

TOTAL LIABILITIES

219,869

172,599

24,246

Commitments and contingencies

EQUITY

Ordinary share, no par value, unlimited Class A ordinary shares and Class

   B ordinary shares authorized, 38,922,726 Class A ordinary shares and

   2,925,058 Class B ordinary shares issued and outstanding as of

   December 31, 2024, respectively; 39,412,710 Class A ordinary shares

   and 2,925,058 Class B ordinary shares issued and outstanding as of

   September 30, 2025, respectively.

Class A ordinary shares

444,162

450,626

63,299

Class B ordinary shares

23,896

23,896

3,357

Shares to be issued

20,817

20,817

2,924

Treasury stocks

(19,952)

(19,952)

(2,803)

Statutory reserves

50,705

52,462

7,369

Retained earnings

662,499

680,984

95,657

Accumulated other comprehensive income

16,967

18,005

2,529

Total shareholders' equity

1,199,094

1,226,838

172,332

Non-controlling interests

(13,778)

(18,696)

(2,626)

TOTAL EQUITY

1,185,316

1,208,142

169,706

TOTAL LIABILITIES AND EQUITY

1,405,185

1,380,741

193,952

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND
COMPREHENSIVE INCOME

(All amounts in thousands, except share and per share data or otherwise stated)

For the nine months ended

September 30,

September 30,

September 30,

2024

2025

2025

RMB

RMB

US$

Live streaming - consumable virtual items revenue

981,002

918,930

129,081

Live streaming - time based virtual items revenue

18,180

13,307

1,869

Technical services and others

13,336

27,015

3,795

Total revenues

1,012,518

959,252

134,745

Cost of revenues

(832,942)

(781,334)

(109,753)

Gross profit

179,576

177,918

24,992

Operating expenses

Sales and marketing expenses

(3,397)

(4,639)

(652)

General and administrative expenses

(52,454)

(65,619)

(9,217)

Research and development expenses

(57,800)

(60,719)

(8,529)

Provision for doubtful accounts

(30,628)

(722)

(101)

Total operating expenses

(144,279)

(131,699)

(18,499)

Income from operations

35,297

46,219

6,493

Change in fair value of investment in marketable security

12,061

(31,336)

(4,402)

Investment loss

(4,396)

(1,079)

(152)

Interest income, net

2,800

1,291

181

Other income, net

713

9,461

1,329

Foreign exchange gain (loss), net

(1,030)

(4,011)

(563)

Income before income taxes

45,445

20,545

2,886

Income tax expenses

(11,242)

(5,676)

(797)

Net income

34,203

14,869

2,089

Less: net loss attributable to noncontrolling interest

(8,488)

(5,373)

(755)

Net income attributable to the Company's shareholders

42,691

20,242

2,844

Other comprehensive income:

Other comprehensive income - foreign currency translation

adjustment

483

1,493

210

Comprehensive income

34,686

16,362

2,299

Less: comprehensive loss attributable to non-controlling interests

(8,488)

(4,918)

(691)

Comprehensive income attributable to the Company's

shareholders

43,174

21,280

2,990

Weighted average number of shares:

Basic

41,300,961

41,695,853

41,695,853

Diluted

41,496,822

41,695,853

41,695,853

Earnings per share:

Basic

1.03

0.49

0.07

Diluted

1.03

0.49

0.07

Reconciliations of Non-GAAP Results

(All amounts in thousands, except share and per share data or otherwise stated)

For the nine months ended

September 30,

September 30,

September 30,

2024

2025

2025

RMB

RMB

US$

Net income attributable to the Company's shareholders

42,691

20,242

2,844

Less:

Share-based compensation

(8,149)

(6,464)

(908)

Adjusted net income attributable to the Company's

shareholders*

50,840

26,706

3,752

Adjusted net income per ordinary share

Basic

1.23

0.64

0.09

Diluted

1.23

0.64

0.09

"Adjusted net income attributable to the Company's shareholders" is defined as net income attributable to the

Company's shareholders excluding share-based compensation. For more information, refer to "Use of Non-GAAP

Financial Measures" and "Reconciliations of Non-GAAP Results" above.

SOURCE Scienjoy Holding Corporation

, /PRNewswire/ -- Robbins LLP reminds stockholders that a class action was filed on behalf of all investors who purchased or otherwise acquired Alexandria Real Estate Equities, Inc. (NYSE: ARE) securities between January 27, 2025 and October 27, 2025. Alexandria is a real estate investment trust (REIT) specializing in lifescience real estate with a focus on lab space, research facilities and offices for tenants in the pharmaceutical, biotech, and agricultural technology industries.

For more information, submit a form, email attorney Aaron Dumas, Jr., or give us a call at (800) 350-6003.

The Allegations: Robbins LLP is Investigating Allegations that Alexandria Real Estate Equities, Inc. (ARE) Misled Investors Regarding its Financial Prospects

According to the complaint, defendants provided investors with material information concerning Alexandria's expected revenue and FFO (funds from operations) growth for the fiscal year 2025, particularly as it related to the growth of the Company's real estate operations. Defendants' statements included, among other things, confidence in the Company's lease activity, occupancy stability and ability to develop its tenant pipeline. Defendants provided these overwhelmingly positive statements to investors while, at the same time, disseminating materially false and misleading statements and/or concealing material adverse facts concerning the true state of its Long Island City (LIC) property; notably, the Company's claims and confidence about the leasing value of the LIC property as a life-science destination aligning with ARE's Megacampus™ strategy.

Plaintiffs allege that on October 27, 2025, Alexandria unveiled below-expectation financial results for the third quarter of fiscal year 2025 and cut its FFO guidance for the full-year 2025. The Company attributed the setback to lower occupancy rates, slower leasing activity and most notably, a real estate impairment charge of $323.9 million with $206 million attributed to its LIC property. On this news, the price of Alexandria's stock fell approximately 19%, from a closing price of $77.87 per share on October 27, 2025 to $62.94 per share on October 28, 2025.

What Now: You may be eligible to participate in the class action against Alexandria Real Estate Equities, Inc. Shareholders who wish to serve as lead plaintiff for the class should contact Robbins LLP. The lead plaintiff is a representative party who acts on behalf of other class members in directing the litigation. You do not have to participate in the case to be eligible for a recovery. If you choose to take no action, you can remain an absent class member. For more information, click here.

All representation is on a contingency fee basis. Shareholders pay no fees or expenses.

About Robbins LLP: A recognized leader in shareholder rights litigation, the attorneys and staff of Robbins LLP have been dedicated to helping shareholders recover losses, improve corporate governance structures, and hold company executives accountable for their wrongdoing since 2002. 

To be notified if a class action against Alexandria Real Estate Equities, Inc. settles or to receive free alerts when corporate executives engage in wrongdoing, sign up for Stock Watch today.

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

SOURCE Robbins LLP

Key Takeaways Best Buy posted $9.67B revenues, up 2.4% year over year, beating consensus and lifted by comp sales growth.Domestic online sales rose 5.1% to $2.86B, making up 32.8% of revenues, up from 31.5% last year.International revenues jumped 11.3% on 7.6% comp sales growth and new Best Buy Express stores in Canada.
Best Buy Co., Inc. (BBY - Free Report) reported sturdy third-quarter fiscal 2026 results, wherein revenues and earnings surpassed the Zacks Consensus Estimate and rose year over year.

Best Buy remains committed to its strategic roadmap, which focuses on elevating the omnichannel experience of customers, scaling revenue streams, such as its Best Buy Marketplace and Best Buy Ads, and boosting operational efficiency to fund long-term investments and offset external pressures. Backed by a solid Q3 and present outlook for Q4, management raised its full-year guidance.

The company is investing in reinforcing the technology platform to grab opportunities for growth. During the quarter, it has launched the self-serve platform, My Ads, which seems significant for new marketplace sellers. It has enabled on-site programmatic buying, advanced reporting capabilities and improved on-site ad supply. BBY is expanding into areas such as agencies and demand-side platforms or DSPs. It also gains popularity in non-endemic categories, with multiple partners testing the platform in distinguished ways. Financial services have also emerged as an outstanding vertical with PayPal, Klarna and Capital One shopping, each activating campaigns.

The company has rolled out the latest AI glasses from Meta in its stores. In more than 50 locations, it has immersive showcase areas staffed by Meta experts to support customers in discovering and using the technology hands-on. BBY has introduced experiences with Breville and Shark Ninja, featuring extended assortments for at-home baristas and chefs and modern health and beauty solutions.

Driven by a solid quarter and raised outlook, BBY’s shares have risen more than 5% in the pre-trading session yesterday. Over the past six months, this Zacks Rank #3 (Hold) company has gained 12.8% compared with the industry’s 9.2% growth.

Insight Into BBY’s Quarterly PerformanceAdjusted earnings of $1.40 per share surpassed the Zacks Consensus Estimate of $1.31. However, the bottom line increased 11% from $1.26 per share reported in the year-ago period.

Enterprise revenues came in at $9,672 million, surpassing the consensus mark of $9,576 million and jumped 2.4% from the prior-year quarter's figure of $9,445 million. Enterprise comparable sales rose 2.7% year over year. By month, the enterprise comparable sales rose approximately 3% in August, 1% in September and 5% in October.

In the customer support capability, the company is leveraging AI to streamline interactions and offer experiences to empower customers with self-serve content and options. Consequently, it drove a 17% decrease in the number of customer contacts in the reported quarter and improved customer experience scores. By capitalizing new data-driven sourcing solutions to select the most efficient location to fulfill more than 70% of its online orders, the company is seeing quick delivery times, better on-time delivery and reduced costs.

Gross profit edged up 1.4% to $2,248 million, while the gross margin fell 30 basis points (bps) to 23.2%. We had projected adjusted gross margin to contract 20 bps year over year.

Adjusted operating income was $388 million, up 10.5% from the year-ago quarter. The adjusted operating margin of 4% rose 30 bps from the prior-year period, mainly driven by lower-than-planned selling, general and administrative (SG&A) expenses. We had expected the adjusted operating margin to remain flat year over year.

Adjusted SG&A expenses were $1,884 million, up 0.7% year over year. Adjusted SG&A, as a percentage of revenues, was down 30 bps to 19.5%. We had estimated adjusted SG&A expenses to leverage 20 bps.

BBY’s Domestic & International OperationsDomestic revenues of $8,878 million inched up 2.1% year over year due to a comparable sales rise of 2.4%. From a merchandising perspective, the major drivers on a weighted basis were gaming, computing and mobile phones, somewhat offset by declines in home theater and appliances. We had projected Domestic revenues of $8,783 million and a comparable sales rise of 1.5%.

Domestic online revenues of $2.82 billion increased 3.5% on a comparable basis, and as a percentage of total Domestic revenues, online revenues were 31.8%, higher than 31.4% last year.

The domestic gross margin fell 30 bps to 23.3%, primarily due to lower product margin rates, which were partly offset by rate improvement across the services category. The segment’s adjusted operating income was $360 million, up 6.5% from $338 million recorded last year. As a percentage of revenues, the metric increased 20 bps to 4.1%.

International revenues of $794 million increased 6.1% year over year due to a comparable sales rise of 6.3% and revenues from Best Buy Express locations excluded from comparable sales, somewhat offset by the adverse impacts of foreign exchange. We had projected International revenues of $757.1 million and a comparable sales growth of 2%.

International gross margin rose 30 bps to 22.8%, primarily due to favorable supply-chain costs. The segment’s adjusted operating income was $28 million, up significantly from $13 million recorded in the year-ago quarter. As a percentage of revenues, the metric increased 80 bps year over year to 3.5%.

BBY’s Financial SnapshotBest Buy ended the quarter with cash and cash equivalents of $923 million, long-term debt of $1,155 million and a total equity of $2,653 million.

During the quarter under review, the company returned $234 million to shareholders, comprising $199 million in dividends and $35 million in share repurchases. On a year-to-date basis, BBY returned $802 million to shareholders via dividends of $602 million and share repurchases of $200 million. The company anticipates spending roughly $300 million on share repurchases during FY26.

The company’s board has authorized paying a regular quarterly dividend of 95 cents a share in cash, payable Jan. 6, 2026, to shareholders of record as on Dec. 16, 2025.

Best Buy’s FY26 Guidance`Management projects delivering sales growth in the fiscal year. The high end of its Q4 view assumes growth in computing, gaming and mobile, reflecting improved trends in TVs backed by a blend of pricing, higher marketing, specialty labor and enhanced delivery and install offerings. The company also has a comprehensive trade-in program throughout the holiday to aid customers in adapting to new technology easily. It continues to be the official home entertainment retailer of the NFL, and its holiday campaign will have a highly in-game presence in NBC, Peacock, CBS, Fox and Netflix.

Moving forward, management will continue to utilize AI augmented optimization in several areas of business, from scan detection to customer aid to personalized e-mail marketing. Hence, it is increasingly using AI for product search, product recommendations and bolstering product content, and growing into conversational AI and agentic commerce. The company has officially kicked off the holiday season and is poised well with amazing deals on hot products, solid marketing and competitive fulfillment options. Management expects gaming to be a hot holiday gift category with products such as the Nintendo Switch 2, the ASUS Rog Xbox Ally handheld gaming system, gaming laptops and gaming monitors. Also, the other exciting gifts for the holiday consists of AI glasses from Ray-Ban and Oakley, 3D printers, OLED TVs, the new Hyperboot by Nike, limited quantity Pokemon cards and LEGO toys and JBL PartyBox speakers.

For the fiscal fourth quarter, BBY anticipates comparable sales growth in the bracket of down 1% to up 1.0% and adjusted operating margin of 4.8-4.9% versus the last year’s rate of 4.9%. The fourth-quarter comparable sales view for Canada more closely aligns with the projections for the domestic segment.

Fourth-quarter gross margin is likely to decline year over year owing to a lower product margin rate, which is mainly owing to the higher promotional investments. The other key drivers include growth from Buy ads, its online marketplace and enhanced profitability from its services category. With respect to SG&A, the most notable planned puts and takes include increased SG&A Best Buy ads and marketplace efforts, which consist of advertising, technology and employee compensation costs. Offsetting such factors are lower Best Buy Health and incentive compensation costs. The low end of its guidance reflects the company’s plans to further lower its variable expenses, with incentive compensation to align with the sales trends.

For fiscal 2026, revenues are predicted in the band of $41.65-$41.95 billion, compared with the prior outlook of $41.1-$41.9 billion. It projects comparable sales of 0.5-1.2% versus the earlier guidance of (1.0%) to 1.0%. Adjusted operating margin of about 4.2% is unchanged, while the adjusted effective income tax rate is nearly 25.4%. Best Buy continues to envision adjusted earnings per share between $6.15 and $6.30, versus the earlier guided view of $6.15-$6.30. Capital expenditures are still projected at around $700 million for the fiscal year. Fiscal 2026 gross profit rate is now likely to decline nearly 15 bps compared with the last year. The high end of its guidance reflects incentive compensation that is almost year over year.

Eye These Solid Picks in RetailGenesco Inc. (GCO - Free Report) operates as a retailer and wholesaler of footwear, apparel and accessories, carrying a Zacks Rank #2 (Buy) at present. GCO delivered a trailing four-quarter earnings surprise of 28.1%, on average. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

The Zacks Consensus Estimate for Genesco’s current fiscal-year EPS and sales indicates growth of 71.3% and 3.7%, respectively, from the year-ago period’s reported figures.

Five Below (FIVE - Free Report) , a specialty value chain retailer, currently carries a Zacks Rank of 2. FIVE delivered an average earnings surprise of 50.5% in the last four quarters.

The Zacks Consensus Estimate for Five Below’s current financial-year sales indicates growth of16.2% from the year-ago figure.

Ulta Beauty (ULTA - Free Report) , a lifestyle brand, currently has a Zacks Rank of 2. The company delivered a trailing four-quarter earnings surprise of 16.3%, on average.

The Zacks Consensus Estimate for ULTA’s current financial-year sales indicates growth of 6.8% from the year-ago figure.

SANTA CLARA, Calif.--(BUSINESS WIRE)--HeartBeam Provides Update on Regulatory Path Following FDA Decision on 12-Lead ECG Synthesis Software Application.

Campbell's confirmed the executive's departure, and called the recorded comments “vulgar, offensive and false.”

WALNUT CREEK, Calif.--(BUSINESS WIRE)--Mechanics Bancorp (Nasdaq: MCHB) today announced that it has declared a cash dividend of $0.21 per share of Class A common stock and $2.10 per share of Class B common stock, each payable on December 15, 2025, to shareholders of record as of the close of business on December 8, 2025.

“Our integration of HomeStreet Bank is progressing smoothly and our regulatory capital ratios are stronger than initially anticipated,” said C.J. Johnson, President and CEO of Mechanics Bancorp. “As such, we are pleased to accelerate our capital return strategy with this fourth quarter dividend.”

About Mechanics Bancorp

Mechanics Bancorp is headquartered in Walnut Creek, Calif., and is the holding company of Mechanics Bank, a full-service bank with more than $22 billion in assets and 166 branches across California, Oregon, Washington and Hawaii. Founded in 1905 to help families, businesses and communities prosper, Mechanics Bank offers a wide range of products and services in consumer and business banking, commercial lending, cash management services, private banking, and comprehensive wealth management and trust services.

To learn more, visit www.MechanicsBank.com.

Forward –Looking Statement Disclaimer

This press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact, contained or incorporated by reference in this press release, including statements regarding our plans, objectives, expectations, strategies, beliefs, or future performance or events, are forward-looking statements. Generally, forward-looking statements include the words “anticipate,” “believe,” “could,” “estimate,” “expect,” “intend,” “look,” “may,” “optimistic,” “plan,” “potential,” “projection,” “should,” “will,” and “would” and similar expressions (or the negative of these terms), although not all forward-looking statements contain these identifying words. These statements are subject to known and unknown risks, uncertainties, assumptions, estimates, and other important factors that change over time, many of which may be beyond our control. Our future performance and actual results may differ materially from those expressed or implied in such forward-looking statements. Forward-looking statements should not be relied upon as a prediction of actual results.

A discussion of the factors, risks and uncertainties that could affect our financial results, business goals and operational and financial objectives also is contained in the Risk Factors included on Exhibit 99.2 to the Company’s Current Report on Form 8-K, filed with the U.S. Securities and Exchange Commission (the “SEC”) on September 2, 2025. We strongly recommend readers review those disclosures in conjunction with the discussions herein. Because forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted or quantified, you should not rely on these forward-looking statements as predictions of future events.

Forward-looking statements in this press release are based on management’s expectations at the time such statements are made and speak only as of the date made. The Company does not assume any obligation or undertake to update any forward-looking statements after the date of this press release as a result of new information, future events or developments, except as required by federal securities or other applicable laws, although the Company may do so from time to time. All future written and oral forward-looking statements attributable to the Company or any person acting on its behalf are expressly qualified in their entirety by the cautionary statements referred to above. New risks and uncertainties arise from time to time, and factors that the Company currently deems immaterial may become material, and it is impossible for the Company to predict these events or how they may affect the Company.

Source: Mechanics Bancorp

NEW YORK, Nov. 26, 2025 (GLOBE NEWSWIRE) --

WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of common stock of Primo Water Corporation (NYSE: PRMW) between June 17, 2024 and November 8, 2024, both dates inclusive, and/or (ii) purchasers of common stock of Primo Brands Corporation (NYSE: PRMB) between November 11, 2024 and November 6, 2025 (the “Class Period”), of the important January 12, 2026 lead plaintiff deadline.

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

WHAT TO DO NEXT: To join the Primo Brands class action, go to https://rosenlegal.com/submit-form/?case_id=47890 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than January 12, 2026. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

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

DETAILS OF THE CASE: According to the lawsuit, Primo Brands formed following the November 8, 2024 merger between Primo Water and BlueTriton Brands, is a branded beverage company that offers beverage products across a variety of formats, channels, and price points. According to the lawsuit, throughout the Class Period, defendants misrepresented and failed to disclose key facts about the merger between Primo Water and BlueTriton Brands, including facts regarding the progress of the merger integration. Defendants issued a series of materially false and misleading statements that led investors to believe the merger would accelerate growth, generate transformative operational efficiencies, achieve meaningful synergies, and deliver strong financial results, and that the merger integration was proceeding “flawlessly.” When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Primo Brands class action, go to https://rosenlegal.com/submit-form/?case_id=47890 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.

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

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

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

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

Contact Information:

        Laurence Rosen, Esq.
        Phillip Kim, Esq.
        The Rosen Law Firm, P.A.
        275 Madison Avenue, 40th Floor
        New York, NY 10016
        Tel: (212) 686-1060
        Toll Free: (866) 767-3653
        Fax: (212) 202-3827
        [email protected]
        www.rosenlegal.com

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

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

Boeing said on Wednesday it will produce AH-64E Apache attack helicopters for international customers, including 96 for the Polish Armed Forces, under a Foreign Military Sales contract worth nearly $4.7 billion awarded by the U.S. Army.

SAN FRANCISCO, Nov. 26, 2025 (GLOBE NEWSWIRE) -- Ticket resale giant StubHub Holdings, Inc. (NYSE: STUB) is facing a proposed securities class action stemming from its highly anticipated initial public offering just weeks before it released disappointing third-quarter results.

Hagens Berman is investigating whether StubHub’s IPO materials were misleading and urges investors in StubHub who purchased or otherwise acquired company shares pursuant to the IPO or on the open market to submit your losses now.

Class Period: Sept. 17, 2025 – Nov. 24, 2025
Lead Plaintiff Deadline: Jan. 23, 2026
Visit: www.hbsslaw.com/investor-fraud/stub
Contact the Firm Now: [email protected]
                                       844-916-0895

StubHub Holdings (STUB) Securities Class Action

The lawsuit, styled Salabaj v. StubHub Holdings, Inc., et al., No 1:25-cv-09776 (S.D.N.Y.), seeks to represent investors who acquired common shares in the company’s September 17, 2025, IPO. The offering saw StubHub issue approximately 34 million shares at $23.50 apiece.

Allegations of Misrepresented Financial Health

The litigation centers on allegations that StubHub’s IPO offering documents were negligently prepared and contained untrue statements while failing to disclose crucial information to prospective investors.

Specifically, the complaint alleges the company did not disclose “known trends, events or uncertainties” that were already having, or were likely to have, an adverse impact on StubHub’s operations and key financial metrics.

The plaintiffs highlight the company’s strong emphasis on “free cash flow” in the offering documents, which the company positioned as a “meaningful indicator of liquidity for management and investors.” This metric, according to the documents, was the amount of cash generated from operations that could be used for strategic initiatives.
Post-IPO Plunge

The narrative, according to the complaint, began to unravel on Nov. 13, 2025, when the company announced its Q3 2025 financial results.

StubHub reported a negative free cash flow of $4.6 million, marking a staggering 143% decline from the prior year period.Net cash provided by operations plummeted to $3.8 million, a 69% decrease year-over-year.The company notably withheld Q4 2025 guidance, adding to investor uncertainty. StubHub attributed the decline to “changes in timing of payments to vendors.” At the time of the earnings release, the company’s CFO commented, “From the outset, we anticipated that 2025 would present a more challenging growth environment for our market.”

The news triggered an immediate and sharp reaction in the market. StubHub shares were driven down approximately 20% in the subsequent trading session, closing at $14.87—more than 36% below the initial $23.50 IPO price.

Hagens Berman’s Investigation

Prominent shareholder rights firm Hagens Berman has opened an investigation into the alleged claims. The firm is specifically examining whether the IPO materials may have misled investors about the company’s market opportunity, growth prospects, and the scope of its regulatory scrutiny.

Reed Kathrein, the Hagens Berman partner leading the firm's investigation, commented on the situation, stating: “We’re focused on whether StubHub’s IPO materials may have misled investors about known trends in its business that, when disclosed in November, wiped out over $1 billion of market capitalization.”

If you invested in StubHub and have substantial losses, or have knowledge that may assist the firm’s investigation, submit your losses now »

If you’d like answers to frequently asked questions about the StubHub case and our investigation, read more »

Whistleblowers: Persons with non-public information regarding StubHub should consider their options to help in the investigation or take advantage of the SEC Whistleblower program. Under the new program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Reed Kathrein at 844-916-0895 or email [email protected].

About Hagens Berman
Hagens Berman is a global plaintiffs’ rights complex litigation firm focusing on corporate accountability. The firm is home to a robust practice and represents investors as well as whistleblowers, workers, consumers and others in cases achieving real results for those harmed by corporate negligence and other wrongdoings. Hagens Berman’s team has secured more than $2.9 billion in this area of law. More about the firm and its successes can be found at hbsslaw.com. Follow the firm for updates and news at @ClassActionLaw. 

Contact:
Reed Kathrein, 844-916-0895

-

NEW YORK--(BUSINESS WIRE)--BNY Mellon Investment Adviser, Inc. announced today that BNY Mellon Strategic Municipal Bond Fund, Inc. and BNY Mellon Strategic Municipals, Inc. (each, a "Fund") have declared a monthly distribution for each Fund's common shares as summarized below. The distributions are payable December 31, 2025 to shareholders of record on December 11, 2025, with an ex-dividend date of December 11, 2025.

Fund

Ticker

Monthly

Distribution

Per Share

Change from Prior Monthly Distribution

Per Share

BNY Mellon Strategic Municipal Bond Fund, Inc.

DSM

$0.023

--

BNY Mellon Strategic Municipals, Inc.

LEO

$0.023

--

Important Information

BNY Mellon Investment Adviser, Inc., the investment adviser for each Fund, is part of BNY Investments. BNY Investments is one of the world’s largest asset managers, with $2.1 trillion in assets under management as of September 30, 2025. Through a client-first approach, BNY Investments brings investors specialist expertise through its seven investment firms offering solutions across every major asset class and backed by the breadth and scale of BNY. Additional information on BNY Investments is available on www.bny.com/investments. Follow us on LinkedIn for the latest company news and activity.

BNY Investments is a division of BNY, which has $57.8 trillion in assets under custody and/or administration as of September 30, 2025. Established in 1784, BNY is America's oldest bank. Today, BNY powers capital markets around the world through comprehensive solutions that help clients manage and service their financial assets throughout the investment life cycle. BNY is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Additional information is available on www.bny.com. Follow us on LinkedIn or visit our newsroom for the latest company news.

Closed-end funds are traded on the secondary market through one of the stock exchanges. Each Fund's investment returns and principal values will fluctuate so that an investor’s shares may be worth more or less than the original cost. Shares of closed-end funds may trade above (a premium) or below (a discount) the net asset value of each fund’s portfolio. There is no assurance that each Fund will achieve its investment objective.

This release is for informational purposes only and should not be considered as investment advice or a recommendation of any particular security.

More News From BNY Mellon Investment Adviser, Inc.

Back to Newsroom

ToplineDell shares surged Wednesday alongside other tech stocks despite third quarter revenue falling short of Wall Street revenue expectations by $120 million, though the company was able to salvage the miss with stronger-than-expected earnings per share and a positive AI sale forecast.

Dell shares jumped nearly 7% Wednesday.

Omar Marques/SOPA Images/LightRocket via Getty Images

Key FactsDell’s stock closed up 5.8%, bringing shares to their highest point in 12 days.

The company reported $27.01 billion in revenue for the third quarter, $120 million shy of the $27.13 billion expected by London Stock Exchange Group consensus estimates, according to CNBC, which noted Dell’s $2.59 in earnings per share was well above LSEG estimates of $2.47.

Dell expects around $31.5 billion in sales in the fourth quarter, with AI server sales accounting for $9.4 billion.

Dell joined a swath of other tech companies that traded positively Wednesday including Oracle (4%), AMD (3.9%), Microsoft (2.1%) and Nvidia (1.4%).

Wednesday also marked a positive day for top indexes, with the S&P 500, Nasdaq Composite and Dow Jones Industrial Average all climbing at least 0.67%.

Get Forbes Breaking News Text Alerts: We’re launching text message alerts so you'll always know the biggest stories shaping the day’s headlines. Text “Alerts” to (201) 335-0739 or sign up here.

TangentCannabis stocks also jumped alongside indexes after Bloomberg reported Medicare may cover CBD treatments for senior patients. The surge in cannabis stocks included Tilray Brands (4.7%), Innovative Industrial (1%) and Curaleaf (5%). An early version of the supposed Medicare plan applied to seniors in oncology and palliative care settings, according to Bloomberg.

Key BackgroundDell shares are down nearly 16% in the last month after they recorded an all-time high in October. The company increased its long-term guidance for annual revenue growth from 3-4% to 7-9% and upped its yearly earnings per share growth to 15%, above its previous target of 8%. The guidance boost was informed by increased demand for its data center offerings, which are needed to power and develop artificial intelligence programs.

Further ReadingDell Stock Spikes To All-Time High After Tech Titan Increases Long-Term Guidance (Forbes)

Key Takeaways
A trading platform's expansion into a growing market helped lift its stock on Wednesday, Nov. 26, 2025, while a software firm lost ground after a soft revenue outlook.Robinhood Markets shares turned in the S&P 500's top performance after the firm announced a joint venture expanding its prediction markets offerings.Shares of Workday fell after the human resources software firm gave an underwhelming subscription revenue forecast.

The operator of a major online trading platform got a boost after announcing a joint venture to broaden its reach in prediction markets, while a soft growth outlook weighed on a human resources software firm.

Major U.S. equities indexes extended their winning streak ahead of the Thanksgiving holiday to four straight sessions Wednesday amid growing optimism around a December rate cut. The S&P 500 and Dow each advanced 0.7%, and the Nasdaq added 0.8%. See here for more from Investopedia on the day's market moves.

Robinhood Markets (HOOD) shares soared nearly 11% to lead the S&P 500 higher. The trading platform operator announced a plan to acquire a stake in LedgerX, a clearinghouse for cryptocurrency derivatives, in coordination with Susquehanna International Group. With the move, Robinhood is expanding its offerings in prediction markets, which allow customers to trade contracts based on the outcome of future events.

Shares of Dell Technologies (DELL) jumped close to 6% after the maker of PCs, servers, and networking equipment raised its full-year sales and profit outlook. The company said it's seeing strong AI-driven demand, with record AI server orders totaling more than $12 billion year-to-date.

Oracle (ORCL) stock gained 4% Wednesday. Shares of the database software and cloud infrastructure giant have suffered significant losses over the past month amid concerns about the company's relationship with OpenAI, its high valuation, and its heavy AI spending plans. However, analysts at HSBC and Deutsche Bank suggested the sell-off could be overdone.

Shares of Workday (WDAY), a provider of cloud-based human resources software, tumbled nearly 8% to post the steepest daily loss in the S&P 500. Although Workday's third-quarter results were mostly in line with expectations, its fourth-quarter subscription revenue forecast failed to impress. The company pointed to soft demand from higher education customers that rely on federal funding and a cautious spending environment among corporate customers.

Deere & Company (DE) shares declined close to 6% after the farm and construction equipment manufacturer warned that a tough market environment could persist into next year. CEO John May indicated tariffs were contributing to pressure on Deere's margins and pointed to challenges across the broader agricultural sector.

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Crypto traders are fixated on Tom Lee's latest shock call: Ethereum (CRYPTO: ETH) could plunge toward $2,500 in a capitulation flush before ripping into a Bitcoin (CRYPTO: BTC)-style supercycle run toward $7,000–$9,000. The timing, he argues, is measured in weeks, not years — a countdown that has electrified sentiment even as price action remains fragile.

Track ETH price here.
But while screens flash red and green, the real power shift may be happening off-chart: Bitmine Immersion Technologies Inc (AMEX:BMNR) has quietly accumulated roughly 3% of the total ETH supply and is openly signaling ambitions to reach 5%, a line some institutional desks describe as the threshold where scarcity becomes a weapon.

Read Also: BitMine’s Earnings Tease A MAVAN Moonshot

The Silent Squeeze Forming Under The SurfaceThe BitMine position is being viewed not as speculation, but as the early architecture of a controlled supply squeeze. Unlike staking, which can unwind through incentives, or ETF flows that move with retail emotion, a single entity consolidating supply removes liquidity from circulation — creating structural pressure that multiplies if demand turns even slightly.

If Ethereum truly flushes toward $2,500, the buying opportunity becomes asymmetric: forced sellers meet a buyer with a balance sheet and a long runway. It's the kind of tension that turns quiet accumulation into a market pivot.

For Lee's supercycle thesis to play out, Ethereum doesn't need parabolic demand. It needs supply to disappear faster than sellers expect. The setup forming now is the kind that historically detonates quickly, not gradually.

Watching the wrong battle?While headlines obsess over price targets and fear charts, the deeper question is whether BitMine is intentionally setting the stage ahead of a liquidity shock. If the march toward 5% continues, late-movers may find themselves chasing upside in a market with no exits — and the rebound that Lee projects could move faster than screens can adjust.

For traders trying to decide whether this is just another hype cycle or something more structural, the tell may not be the next candle. It may be the moment no one can find Ethereum to buy when they finally need it.

Read Next:

Bitcoin’s Black November Drags MicroStrategy Stock To 52-Week Lows — Oversold Or More Pain Ahead?
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flash news

Exodus Taps Bitcoin to Finance $175M Leap Into On‑Chain Payments

This Tuesday, Exodus, a crypto wallet provider, announced a $175 million agreement to acquire W3C Corp, the parent company of payment infrastructure providers Monavate and

Price Analysis

Technical Analysis of $BTC: Persistent Bearish Pressure and Risk of Further Correction

Bitcoin remains in a strong downtrend, falling from its all-time high of $126,272 to $80,537 in just six weeks, reflecting sustained selling pressure. BTC is