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The world’s richest investor is making an unprecedented all-in bet on artificial intelligence. In June alone, Bezos Expeditions, Jeff Bezos’ 21-year-old family office, made five direct investments in AI startups, accounting for 10% of all family office dealmaking that month, per Fintrx. Bezos Expeditions is now the most active family office investor of 2026 with eight direct investments in private companies year to date. The bulk of that capital went to one startup: Project Prometheus.

The Civilizational Wealth Thesis Bezos framed his ambition in unusually grand terms during a June 11, 2026 CNBC interview with David Faber: “What drives the wealth of nations? What drives civilizational wealth? The answer is invention. Six thousand years ago somebody invented the plow and we all got wealthier. Much later somebody invented the steam engine and we all got wealthier. Our goal at Prometheus is building a set of tools that accelerate that invention loop.”

Prometheus is a physical AI startup co-founded and co-CEO’d by Bezos alongside Vik Bajaj, a Stanford professor and former co-founder of Alphabet’s Verily. It launched in November 2025 with $6.2 billion, raised a $12 billion Series B on June 11, 2026, and is now valued at approximately $41 billion with more than $18 billion in total funding. The company is building an “artificial general engineer”: AI tools that compress the timeline from invention to manufactured physical product across chips, jet engines, batteries, solar panels, and pharmaceuticals. Bezos describes the addressable market as the physical economy, roughly 60% of world GDP or approximately $70 trillion. It is his first CEO role outside of Amazon since stepping down in 2021.

A Full-Stack Bet Across the AI Frontier Four other June investments show the breadth of the wager. Bezos Expeditions co-led rounds in CuspAI (AI models for chemistry) and Flourish (brain-inspired AI models), and participated in Generalist (robotics) and General Intuition, which raised a $320 million Series A backed alongside Hillspire, the family office of ex-Google CEO Eric Schmidt, to train spatial AI models on millions of hours of gameplay video. All four raised nine-figure rounds.

On the AI bubble question, Bezos told Andrew Ross Sorkin on Squawk Box in May 2026: “Even if it does turn out to be a bubble, you shouldn’t worry about it because the bubble is driving investment and a lot of the investment is going to turn out to be very healthy. Investors at this moment haven’t learned yet how to discriminate between good ideas and bad ideas, and that’s OK, because the good ideas will pay for all of the losers.” On employment: “I think what’s actually going to happen is we’re going to have labor scarcity as a result. When you have significant productivity in the economy, the standard of living goes up.”

Where Public-Market Investors Can Get Adjacent Exposure Prometheus, CuspAI, Flourish, Generalist, and General Intuition are all private. Retail investors cannot buy in directly. The closest public access sits at the semiconductor equipment layer, where Morgan Stanley projects global AI capex will surpass $1 trillion in 2027.

The same investor newsletter that told subscribers to buy Amazon in 2002, Netflix in 2004, and Nvidia in 2005 still publishes two new stock picks every month. Over 23 years, Motley Fool's Stock Advisor has more than quadrupled the S&P 500. New members get this month's picks, the Top 10 Rankings, and a 30-day money-back guarantee. Click here to unlock their next top stocks while new members are still being accepted.

Lam Research (NASDAQ:LRCX | LRCX Price Prediction) gauges that spending. CEO Tim Archer said Lam “delivered record revenue and EPS in the March quarter as AI-driven demand reshapes the semiconductor industry,” with Q3 FY2026 revenue of $5.84 billion, up 23.8% year over year, and Q4 guidance of $6.60 billion. Lam recently hit an all-time high of $349.21.

KLA Corporation (NASDAQ:KLAC) dominates process control, the inspection layer required to manufacture advanced-node chips. J.P. Morgan projects KLA could more than triple earnings by 2030 driven by process control tools for advanced chips. CEO Rick Wallace has described KLA as “a key enabler of the AI ecosystem” benefiting “from the global AI infrastructure buildout across all major growth vectors, including foundry/logic, memory, advanced packaging, and services.” The board recently authorized an additional $7 billion in buybacks and a 17th consecutive annual dividend increase, to $2.30 per share.

Amazon (NASDAQ:AMZN) benefits through AWS and its Trainium chip franchise. AWS revenue hit $37.59 billion in Q1 2026, up 28% year over year, the fastest growth in 15 quarters, per the company’s Q1 2026 SEC filing. Bezos remains the largest individual shareholder.

The scale of the commitment (more than $18 billion raised for Prometheus, eight direct 2026 investments, 10% of family office dealmaking in a single month) frames the stakes. The person who built Amazon is treating this as the most important bet of his life, and he has named the prize: civilizational wealth.

If You'd Bought Amazon When the Motley Fool Said To…In September 2002, Stock Advisor told subscribers to buy Amazon. In December 2004, Netflix. In April 2005, Nvidia. The newsletter still publishes two new stock picks every month — and over 23 years, has more than quadrupled the S&P 500. Here's how to get this month's picks:

- Join Stock Advisor for one year, with a 30-day money-back guarantee

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Five years from now, you'll probably wish you'd bought this month's picks. Don't miss them.

Contact [email protected] for any questions or corrections.

NEW YORK--(BUSINESS WIRE)--Evercore announced today that Eric Rabinowitz has joined the firm as a senior managing director in the healthcare investment banking group. He will be based in New York. “We are excited to welcome Eric to Evercore,” said Naveen Nataraj, co-head of Evercore's U.S. investment banking business. “As healthcare companies navigate an increasingly dynamic environment, his expertise enhances our ability to help clients evaluate transformative opportunities and execute on thei.

Marvell Technology (MRVL 9.84%) stock has witnessed a phenomenal surge lately, rising an incredible 129% over the past three months, as investors have taken cognizance of the company's growing prominence in the artificial intelligence (AI) infrastructure space.

Marvell stock got a big boost recently after Nvidia CEO Jensen Huang remarked that the chip designer could be the next one to join the trillion-dollar market cap club. Investors, however, may be wondering if it is a good idea to buy this semiconductor stock following its parabolic jump.

Let's take a closer look at Marvell's business and see if it can indeed live up to Huang's prophecy and become a multibagger in the future.

Image source: The Motley Fool.

Marvell Technology is capitalizing on two sizzling growth opportunities in AI infrastructure Marvell designs custom chips, known as application-specific integrated circuits (ASICs), to perform specific tasks. These custom chips have witnessed a phenomenal surge in demand due to their deployment in AI data centers. Goldman Sachs estimates that custom ASIC shipments could equal sales of graphics processing units (GPUs) by next year.

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That's not surprising, as custom ASICs are ideal for running AI inference workloads since they are designed to perform specific tasks. As a result, these chips are not as complex as general-purpose computing chips like GPUs, and they can perform the specific task they are designed for more efficiently.

Hyperscalers and AI companies have been ramping up the deployment of custom ASICs. Marvell noted in May that its custom chip revenue could more than double in the next fiscal year, driven by both new and existing customers. For comparison, the company anticipates its custom ASIC revenue will increase by just 20% in the current fiscal year.

Importantly, this isn't the only AI infrastructure opportunity powering Marvell's growth. The company also sells optical networking products, the demand for which is substantially outpacing supply. Optical networking is emerging as a key bottleneck in AI data centers, as it helps transport large data sets quickly across AI data centers and chip clusters, so that accelerators such as GPUs and ASICs don't sit idle.

In fact, Goldman Sachs is expecting a whopping 9x increase in sales of optical networking components in just two years. That's the reason why Marvell's data center interconnect and switching business is growing rapidly. The company expects a 70% increase in its interconnect business this year, while the switching business is anticipated to generate $1 billion in revenue in fiscal 2028, up from $600 million this year.

These healthy growth rates explain why analysts have been raising their earnings expectations from Marvell.

Data by YCharts

The company's earnings are projected to increase by 43% in the current fiscal year, and the chart above clearly suggests it is on track to sustain strong growth over the next couple of years. What's worth noting is that Marvell sees its data center total addressable market (TAM) reaching $94 billion in 2028, driven by growing demand for custom chips, switching, and interconnect solutions.

The company believes it can capture 20% of this market in 2028, translating into almost $19 billion in data center revenue. That will be more than 3x Marvell's fiscal 2026 data center revenue of $6.1 billion. However, Marvell may be underestimating its potential opportunity. Goldman Sachs notes that the optical networking market could reach a whopping $154 billion due to AI.

Market research provider Oplexa Insights estimates that the custom AI market could generate a massive $600 billion in revenue in 2033. As a result, Marvell could sustain its outstanding growth rates for a long time to come, powered by the huge investments in AI data centers.

The stock has become expensive following its parabolic jump Marvell trades at a significant premium right now. It has a trailing earnings multiple of 94. The forward earnings multiple of 67, though lower, is still on the expensive side. Meanwhile, its price-to-sales ratio of 27 isn't cheap either.

However, Nvidia CEO Jensen Huang's prediction suggests the stock could jump almost 5x from current levels, given its $215 billion market cap as of this writing. To achieve that, Marvell will have to keep growing at a tremendous pace over the coming years. The good news is that the company seems capable of doing so, given the huge addressable opportunity it is sitting on.

Also, the market share gains Marvell is projecting from its expanding clientele could eventually justify its valuation and allow it to soar higher. That's why growth-oriented investors with a strong risk appetite can consider buying this AI stock following its recent surge. In contrast, those seeking a cheaper custom AI chip and networking play can consider this name to capitalize on this fast-growing AI infrastructure niche.

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SummaryPaychex remains a 'Buy,' offering both growth and a 32% discount to intrinsic value despite recent outperformance versus the S&P 500.Cross-selling with Paycor and the launch of AI-powered WISE drive high single-digit EPS growth and improved revenue per client, especially in upmarket segments.PAYX delivers robust financial stability with a 1.1x net leverage ratio, a 4.9% forward dividend yield, and strong dividend safety metrics.Risks include macro headwinds for small business clients and potential payroll service commoditization, but these appear priced in, supporting an attractive long-term entry.Looking for a portfolio of ideas like this one? Members of The Dividend Kings get exclusive access to our subscriber-only portfolios. Learn More » AndreyPopov/iStock via Getty Images

Co-authored by Kody's Dividend

In an equity market where high-quality compounding machines are often bid up to unappealing valuations, finding a company that offers both growth and a significant margin of safety is a rare feat. Market sentiment is usually a fickle

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Analyst’s Disclosure: I/we have a beneficial long position in the shares of PAYX 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.

Kody's Dividends, Justin Law, and Rachel Kaufman are part of The Dividend Kings team.

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.

TRENTON, N.J. & LOGAN, Utah--(BUSINESS WIRE)--Teledyne Digital Imaging US, Inc., a Teledyne Technologies company, today announced a new high-resolution space-ready camera based on its Emerald™ 67M CMOS image sensor. The camera is enabled by an intellectual property licensing agreement with Space Dynamics Laboratory that gives Teledyne rights to commercialize SDL-developed sensor electronics technology.The licensed technology includes sensor electronics designs, software, technical data, and rela.

MCLEAN, Va., July 06, 2026 (GLOBE NEWSWIRE) -- HII (NYSE: HII), America’s largest military shipbuilder and a global leader in autonomous maritime systems, announced today that Halimar Shipyard of Morgan City, Louisiana, has joined the company’s growing network of strategic industrial partners supporting serial production of HII’s ROMULUS unmanned surface vessel (USV) family.

With extensive experience in commercial and government vessel construction, Halimar brings a highly skilled workforce, modern facilities, and proven production processes that will directly support full-rate manufacturing of the ROMULUS 151 platform.

Under the partnership, Halimar will construct complete ROMULUS 151 vessels and support serial production in collaboration with Breaux Brothers Enterprises in Louisiana, where five ROMULUS 151 vessels are currently under construction.

The partnership will help accelerate production schedules, expand capacity, and support growing demand from the U.S. Navy and allied maritime forces for autonomous unmanned maritime capabilities.

“Our partnership with Halimar Shipyard represents another important step in building the industrial capacity needed to deliver autonomous maritime capability at scale,” said Andy Green, executive vice president of HII and president of HII’s Mission Technologies division. “Halimar’s proven shipbuilding expertise, skilled workforce, and strategic Gulf Coast location strengthen our ability to accelerate production, improve supply chain resilience, and provide affordable, mission-ready autonomous systems.”

A photo accompanying this release is available at: https://www.hii.com/news/hii-adds-halimar-shipyard-to-romulus-usv-production-network

“We are proud to partner with HII on the ROMULUS program and contribute to the future of autonomous maritime operations,” said William Hidalgo Jr, executive vice president and chief operating officer, Halimar Shipyard. “Our team has decades of experience building high-quality vessels, and we look forward to applying that expertise to help deliver reliable, scalable production capacity that supports evolving mission needs.”

The addition of Halimar Shipyard provides several key advantages to the ROMULUS production team:

Scalable Manufacturing Capacity

Halimar’s facilities provide an established and expandable production foundation capable of producing complete ROMULUS 151 vessels while increasing output as unmanned surface vessel demand grows.

Long-Term Strategic Partnership

As a core member of the ROMULUS production team, Halimar is collaborating closely on vessel construction, manufacturing integration, and production readiness to support delivery of an affordable, reliable, and producible autonomous maritime solution.

Distributed Shipbuilding Model

Expanding HII’s Gulf Coast manufacturing footprint strengthens supply chain resilience, increases surge capacity, and supports efficient execution of the ROMULUS production schedule through multiple production locations.

The partnership with Halimar Shipyard expands HII’s distributed manufacturing, which brings together specialized shipbuilders, fabricators, designers, and technology providers to accelerate delivery of autonomous maritime capability at scale.

Working with Halimar, Breaux Brothers Enterprises, Bayou Metals, and additional strategic partners, HII is reducing lead times, streamlining fabrication, and advancing major assembly work ahead of final integration. This approach enhances throughput, supports consistent, repeatable production, and enables efficient serial delivery of ROMULUS vessels across multiple shipyards.

The ROMULUS program also benefits from the expertise of internationally recognized design and engineering partners such as Sydney-based Incat Crowther. The integration of Incat Crowther into the ROMULUS initiative exemplifies how trusted international partners strengthen the global defense ecosystem through high-performance vessel design, engineering agility, and regional expertise. Their contributions help ensure that ROMULUS platforms combine advanced operational capability with manufacturability, scalability, and lifecycle efficiency.

Collectively, these efforts strengthen the U.S. shipbuilding industrial base by expanding regional manufacturing capacity, creating new opportunities to grow and sustain a skilled workforce, and establishing a resilient production network capable of supporting future autonomous fleet requirements.

ROMULUS USV: Built for Scale and Mission Flexibility

ROMULUS is a modular family of AI-enabled unmanned surface vessels designed to support a broad range of missions, including intelligence, surveillance, and reconnaissance (ISR); mine countermeasures; strike operations; counter-unmanned systems; and the launch and recovery of unmanned underwater and aerial vehicles.

Engineered for serial, repeatable production, ROMULUS combines endurance, global reach, and modular adaptability. The platform’s common manufacturing architecture and autonomy baseline enable scalability across multiple vessel sizes while reducing production complexity and accelerating fleet fielding. Supported by a growing network of production partners across the Gulf Coast and beyond, ROMULUS is designed not only as a highly capable autonomous platform, but as a scalable maritime manufacturing program capable of delivering operational capability at the pace required by modern naval forces.

About HII

HII is America’s largest shipbuilder, delivering the world’s most powerful ships and all-domain mission technologies, including unmanned systems, to U.S. and allied defense customers. HII is the largest producer of unmanned underwater vehicles for the U.S. Navy and the world.

With a more than 140-year history of advancing U.S. national security, HII builds and integrates defense capabilities extending from the core fleet to C6ISR, AI/ML, EW and synthetic training. Headquartered in Virginia, HII’s workforce is 44,000 strong. For more information, visit:

HII on the web: https://www.HII.com/HII on Facebook: https://www.facebook.com/TeamHIIHII on X: https://www.twitter.com/WeAreHIIHII on Instagram: https://www.instagram.com/WeAreHIIHII on LinkedIn: https://www.linkedin.com/company/wearehii Contact:

Greg McCarthy
(202) 264-7126
[email protected]

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/e401d3d8-d78e-45da-82b6-09ed383fb21e

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Average rent in the United States is roughly $2,000 a month in 2026, putting the annual tab near $24,000. Replace that bill with dividend income and the tenant becomes the owner of the income stream rather than the landlord’s customer. The interesting question is how much capital it takes, and what you trade away at each yield level.

The Rent Number, Translated Into Capital Use $24,000 a year as a clean target. Divide by the portfolio yield to get the capital required.

At a 3.5% yield (broad dividend growth), $24,000 divided by 0.035 equals roughly $686,000. At a 6% yield (REITs, MLPs, high-dividend equity), $24,000 divided by 0.06 equals $400,000. At a 10% yield (business development companies, mortgage REITs, leveraged income funds), $24,000 divided by 0.10 equals $240,000. That equation is the engine. Everything below is what you exchange for the smaller capital number.

The Conservative Build: Most Capital, Most Compounding A 3.5% starting yield reads modestly against a 10-year Treasury recently near 4.4%, and that is the point. A dividend growth core, anchored by an S&P 500 Dividend Aristocrats fund and a core dividend growers ETF, pairs a lower current payout with the potential for a rising one. The investor who funds $686,000 here accepts less income today in exchange for a better chance at dividend growth and principal appreciation over time.

Realty Income (NYSE:O | O Price Prediction) sits one notch up at roughly a 5.2% yield. The monthly dividend climbed from $0.1995 in June 2016 to $0.2710 in 2026, with 135 dividend increases since its 1994 NYSE listing and 670 consecutive monthly dividends announced as of April 2026. That is steady growth, but not fast enough to double income inside a decade without fresh capital.

The Moderate Tier: Where the Math Gets Friendly At 6%, you need $400,000 to cover a $24,000 annual rent target. Realistic building blocks might include a net-lease REIT, an industrial REIT, a midstream partnership, and a large-cap telecom, though each carries different tax, interest-rate, and business risks.

Realty Income: monthly payer with Q1 2026 portfolio occupancy of 98.9% and 2026 AFFO guidance of $4.41 to $4.44 per share. STAG Industrial (NYSE:STAG): warehouse landlord that shifted to a $0.3875 quarterly payment in 2026, raising its annual dividend rate to $1.55 and putting the yield near 3.9%. Enterprise Products Partners (NYSE:EPD): midstream MLP yielding about 6.0%, paying $0.55 per unit for Q1 2026, up from $0.445 in 2020. Expect a K-1 at tax time. Verizon (NYSE:VZ): telecom yielding about 6.1%, with Frontier results included beginning January 20, 2026, and 2026 adjusted EPS guidance of $4.95 to $4.99. Equally weighted, this mix lands near a 5.8% blended yield using recent prices and annualized payouts. Four hundred thousand dollars would throw off roughly $23,000 a year before taxes, paid monthly by Realty Income and quarterly by STAG, Enterprise, and Verizon.

The Aggressive Tier: $240,000 and an Asterisk Ares Capital (NASDAQ:ARCC) pays $1.92 annually for a yield near 10.6%, while Q1 2026 core EPS was $0.47 and the declared quarterly dividend was $0.48. The asterisk is principal. BDC shares can decline even when distributions continue, and high-yield income can come with pressure on net asset value if credit conditions weaken.

The Insight Most Rent-Replacers Miss A 3.5% yield growing 8% a year does not beat a flat 10% yield inside a decade on cumulative income. It takes about 14 years just for the annual income to catch up, assuming the 10% payout never grows. The better point is durability: a lower-yielding portfolio with consistent dividend growth can become more useful over time, while a flat high-yield payout loses purchasing power as rent rises.

Make the Rent Check Durable Pull your actual rent number. A $1,500 apartment in Pittsburgh and a $3,400 unit in Boston demand very different capital bases, so the national average may overstate or understate your target.

Compare the 10-year total return of a dividend growth ETF against a BDC income fund, using the same start date, end date, and reinvestment assumption. The gap helps show what you may be paying for the higher starting yield, especially if the income fund produces more cash but less principal growth.

Match payment cadence to the bill. Realty Income pays monthly; STAG, Enterprise, and Verizon pay quarterly, which changes how you budget for rent due on the first of every month.

The Rent Check Has to Survive More Than One Lease Replacing rent with portfolio income is not just a yield problem. It is a durability problem. A double-digit yield can reduce the capital required today, but that advantage shrinks if the payout stalls, taxes eat into the income, or principal falls during a credit cycle. The stronger rent-replacement plan is usually a blended one: enough current income to help now, enough dividend growth to matter later, and enough liquidity to avoid selling when the rent is due.

Contact [email protected] for any questions or corrections.

Dividend stocks are becoming attractive in 2026. First, investors are becoming more skeptical about growth in the technology sector, which remains concentrated in a few names. Adding to the current angst is that those names seem to revolve around headlines and vibes.

At the core of this concern is volatility. More retail investors are trading stocks than ever before. That, in addition to high-speed trading algorithms, can stir anxiety in even the most patient long-term investor.

Get EPD alerts:

That makes the benefit of passive income attractive. But the benefit only matters if the underlying business supports dividend growth, and more importantly, capital gains for investors.

Avoid the Yield TrapA high yield isn't automatically a good yield. Sometimes it signals danger rather than opportunity. A "yield trap" occurs when a stock's price has fallen so far that the dividend yield looks attractive on paper, even though the underlying business can no longer support the payout. Warning signs include a payout ratio approaching or exceeding 100% of earnings or free cash flow, rising debt levels, and declining revenue trends.

AT&T NYSE: T is a well-known example. Investors chased its yield for years before the company cut its dividend by nearly half in 2022 to redirect cash flow toward debt reduction. The lesson: a sustainable payout ratio and healthy balance sheet matter more than the headline yield.

That’s why investors need to look beyond an attractive high yield and consider the underlying business. That’s something that investors can consider in these three stocks that offer a mix of reliable passive income with the added benefit of likely stock price growth in the second half of 2026 and beyond.

A Toll-Taker Dividend PlayEnterprise Product Partners NYSE: EPD is a midstream energy company with pipelines, storage facilities, processing plants, and export terminals throughout North America. The company transports materials such as natural gas, natural gas liquids (NGLs), and crude oil.

Enterprise Products Partners Today

EPD

Enterprise Products Partners

$36.77 +0.02 (+0.05%)

As of 07/2/2026 03:59 PM Eastern

This is a fair market value price provided by Massive. Learn more.

52-Week Range$30.01▼

$40.17Dividend Yield5.98%

P/E Ratio13.62

Price Target$39.94

A key benefit of investing in midstream companies is that their business models are agnostic to crude oil or natural gas prices. They simply collect a toll for what they’re moving.

The immediate focus of investors is the geopolitical concerns with Iran and the Strait of Hormuz. In its Q1 2026 earnings report, the company cited supply constraints that could create earnings volatility. However, those concerns will go away if traffic through the Strait normalizes.

Despite the geopolitical landscape, EPD has delivered a gain of about 15% in the first half of 2026 and is trading just below its consensus price target of $39.94. That pairs nicely with a dividend that yields 6% and has increased for 28 consecutive years.

Investors should be aware that Enterprise Product Partners is a master limited partnership (MLP). This makes the dividend attractive in a similar way to that of a real estate investment trust (REIT), but the structure comes with risks and tax concerns that investors should research before allocating capital.

MPLX Doubles Down on Permian GrowthMplx Today

$57.20 +0.04 (+0.06%)

As of 07/2/2026 03:59 PM Eastern

This is a fair market value price provided by Massive. Learn more.

52-Week Range$47.80▼

$59.98Dividend Yield7.54%

P/E Ratio12.38

Price Target$61.60

Another midstream energy name to consider is MPLX NYSE: MPLX. MPLX benefits from its relationship with parent company Marathon Petroleum NYSE: MPC, which holds a majority economic interest in the partnership and provides a built-in customer base for its refining logistics segment.

That relationship, combined with an aggressive growth capital program in the Permian and Delaware basins, positions MPLX to expand natural gas processing and NGL takeaway capacity as production in the region continues to climb.

MPLX is up about 5% in the first half of 2026 and the consensus price target of $61.60, which is about 8% above recent prices. It also suggests that there is more upside to go along with a dividend that yields over 7.5%. MPLX has also historically maintained a distribution coverage ratio comfortably above 1x—a cushion that gives the partnership room to keep raising its payout even if commodity markets turn choppy.

High-Yield Income From Private CreditIt’s crazy to invest in private credit firms, right? Maybe and maybe not. These companies have been under a microscope as investors in some of them are under pressure, with investors requesting their money back over concerns about loan quality.

Ares Capital Today

$18.73 0.00 (0.00%)

As of 07/2/2026 04:00 PM Eastern

52-Week Range$17.40▼

$23.42Dividend Yield10.25%

P/E Ratio11.49

Price Target$20.60

That said, these companies often pay attractive dividends and, under the right conditions, can offer the opportunity for share price growth. Ares Capital NYSE: ARCC looks like a safe name in this space. The company’s Q1 2026 earnings report highlighted the company’s healthy, diversified portfolio.

That supports a balance sheet that makes the dividend, which yields a juicy 10.3%, very attractive for passive income. Plus, analysts have a consensus price target of $20.60, which suggests an upside of over 10%.

The concern is that higher interest rates could force a dividend cut.

However, if the Federal Reserve maintains rates at their current levels, which is still the outcome with the highest percentage odds, Ares looks to be a solid choice for income-seeking investors.

Should You Invest $1,000 in Enterprise Products Partners Right Now?Before you consider Enterprise Products Partners, you'll want to hear this.

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SAN DIEGO, July 06, 2026 (GLOBE NEWSWIRE) -- Robbins Geller Rudman & Dowd LLP announces that purchasers or acquirers of AeroVironment, Inc. (NASDAQ: AVAV) securities between June 25, 2025 and March 10, 2026, all dates inclusive (the “Class Period”), have until Monday, July 27, 2026 to seek appointment as lead plaintiff of the AeroVironment class action lawsuit. Captioned Norrell v. AeroVironment, Inc., No. 26-cv-01429 (E.D. Va.), the AeroVironment class action lawsuit charges AeroVironment as well as certain of AeroVironment’s top current and former executive officers with violations of the Securities Exchange Act of 1934.

If you suffered substantial losses and wish to serve as lead plaintiff of the AeroVironment class action lawsuit, please provide your information here:

https://www.rgrdlaw.com/cases-aerovironment-class-action-lawsuit-avav.html

You can also contact attorneys Ken Dolitsky or Michael Albert of Robbins Geller by calling 800/851-7783 or via e-mail at [email protected].

CASE ALLEGATIONS: AeroVironment designs, develops, produces, delivers, and supports a portfolio of robotic systems and related services for government agencies and businesses. The AeroVironment class action lawsuit alleges on May 1, 2025, AeroVironment announced it had completed the acquisition of BlueHalo, LLC, which had previously been awarded a contract to support the U.S. Space Force’s Satellite Communication Augmentation Resource (“SCAR”) program. The SCAR program represents the U.S. Space Force’s efforts to modernize antennas used by the Satellite Control Network (“SCN”), which is comprised of 19 fixed antennas across the world and executes tasks such as tracking satellites, transmitting signals, and conducting telemetry, or accessing data from satellites to assess their status and health, according to the complaint.

The AeroVironment class action lawsuit alleges that defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (i) AeroVironment understated the likelihood that it would imminently face competition from other vendors for the work it performed in connection with the SCAR program and the U.S. Space Force’s ongoing efforts to modernize the SCN; and (ii) accordingly, defendants overstated AeroVironment’s business and financial prospects.

The AeroVironment class action lawsuit further alleges that on January 20, 2026, AeroVironment announced that the U.S. government had issued a stop work order on AeroVironment’s agreement to deliver BADGER systems to the SCAR program. In the same announcement, AeroVironment allegedly stated that the stop work order “allows for the parties to negotiate an amended agreement for the future of the SCAR program” and that “[t]he Company expects to continue to deliver capabilities and products for the SCAR program.” On this news, the price of AeroVironment stock fell nearly 16%, according to the complaint.

Then, on March 2, 2026, SpaceNews allegedly reported that the U.S. Space Force was reopening the SCAR program and “reassessing how to move forward.” Space News quoted Colonel Owen Stevens, director of contracting at the Space Rapid Capabilities Office, which supervised SCAR, as stating: “We have been in conversations with the SAE [senior acquisition executive] for a little while now, and we are going to move into a new acquisition strategy for SCAR,” the complaint alleges. On this news, the price of AeroVironment stock fell more than 17%, according to the complaint.

Finally, on March 10, 2026, the complaint alleges that AeroVironment announced its financial results for the third quarter of fiscal year 2026. Among other items, AeroVironment allegedly reported a third-quarter operating loss of $179.0 million, compared to an operating loss of $3.1 million for the same period in fiscal year 2025. These financial results reflected the impact of a $151.3 million goodwill impairment in AeroVironment’s space division after the stop work order on AeroVironment’s BADGER systems built for the SCAR program, according to the AeroVironment class action lawsuit. AeroVironment also allegedly reported that the U.S. Space Force had terminated AeroVironment’s contract concerning the SCAR program, and as a result, it would have to “recompete” for the SCAR program. On this news, the price of AeroVironment stock fell more than 6%, the complaint alleges.

THE LEAD PLAINTIFF PROCESS: The Private Securities Litigation Reform Act of 1995 permits any investor who purchased or acquired AeroVironment securities during the Class Period to seek appointment as lead plaintiff in the AeroVironment class action lawsuit. A lead plaintiff is generally the movant with the greatest financial interest in the relief sought by the putative class who is also typical and adequate of the putative class. A lead plaintiff acts on behalf of all other class members in directing the AeroVironment class action lawsuit. The lead plaintiff can select a law firm of its choice to litigate the AeroVironment class action lawsuit. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff of the AeroVironment class action lawsuit.

ABOUT ROBBINS GELLER: Robbins Geller Rudman & Dowd LLP is one of the world’s leading law firms representing investors in securities fraud and shareholder rights litigation. Our Firm ranked #1 on the most recent ISS Securities Class Action Services Top 50 Report, recovering more than $916 million for investors in 2025. This marks our fourth #1 ranking in the past five years. And in those five years alone, Robbins Geller recovered $8.4 billion for investors – $3.4 billion more than any other law firm. With 200 lawyers in 10 offices, Robbins Geller is one of the largest plaintiffs’ firms in the world, and the Firm’s attorneys have obtained many of the largest securities class action recoveries in history, including the largest ever – $7.2 billion – in In re Enron Corp. Sec. Litig. Please visit the following page for more information:

https://www.rgrdlaw.com/services-litigation-securities-fraud.html

Past results do not guarantee future outcomes. Services may be performed by attorneys in any of our offices. 

Contact:
        Robbins Geller Rudman & Dowd LLP
        Ken Dolitsky
        Michael Albert
        655 W. Broadway, Suite 1900, San Diego, CA 92101
        800/851-7783
        [email protected]

ARLINGTON, Va.--(BUSINESS WIRE)---- $AVAV #AVAV--AeroVironment, Inc. (“AV”) (NASDAQ: AVAV), a global defense technology leader, today announced it has been awarded a three-year, $500 million Indefinite Delivery, Indefinite Quantity (IDIQ) contract in support of Joint Interagency Task Force 401's (JIATF-401) Domestic Shield Program. Under this sole-source contract, AV will provide a range of Counter-Unmanned Aircraft Systems (C-UAS) and Counter-Small Unmanned Aircraft Systems (C-sUAS) capabilities for use by th.

Looking for broad exposure to the Small Cap Value segment of the US equity market? You should consider the iShares Morningstar Small-Cap Value ETF (ISCV - Free Report) , a passively managed exchange traded fund launched on June 28, 2004.

The fund is sponsored by Blackrock. It has amassed assets over $681.12 million, making it one of the average sized ETFs attempting to match the Small Cap Value segment of the US equity market.

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AlternativesiShares Morningstar Small-Cap Value ETF holds a Zacks ETF Rank of 2 (Buy), which is based on expected asset class return, expense ratio, and momentum, among other factors. Because of this, ISCV is an excellent option for investors seeking exposure to the Style Box - Small Cap Value segment of the market. There are other additional ETFs in the space that investors could consider as well.

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Bottom-LineWhile an excellent vehicle for long term investors, passively managed ETFs are a popular choice among institutional and retail investors due to their low costs, transparency, flexibility, and tax efficiency.

To learn more about this product and other ETFs, screen for products that match your investment objectives and read articles on latest developments in the ETF investing universe, please visit Zacks ETF Center.

July 06, 2026 08:15 ET  | Source: Vishay Intertechnology, Inc.

MALVERN, Pa., July 06, 2026 (GLOBE NEWSWIRE) -- Vishay Intertechnology, Inc. (NYSE: VSH), one of the world's largest manufacturers of discrete semiconductors and passive components, today notified holders of its 2.25% convertible senior notes due 2030 (the "Notes") that the Notes are convertible, at the option of the holders (the "Conversion Option"), beginning July 5, 2026 and ending at the close of business on October 3, 2026.  The Notes are convertible into cash, up to the aggregate principal amount of the Notes, and in cash, shares of the Company's common stock or a combination thereof, at the Company's election, in respect of the remainder, if any, of the Company's conversion obligation in excess of the aggregate principal amount of the Notes being converted.  Any determination regarding the convertibility of the Notes during future periods will be made in accordance with the terms of the Indenture governing the Notes.

The Notes became convertible as a result of the last reported sale price of shares of the Company's common stock, for at least 20 trading days (whether or not consecutive) during the period of 30 consecutive trading days (including the last trading day of such period) ending on, and including, the last trading day of the fiscal quarter ended July 4, 2026, was greater than 130% of the conversion price in effect on each applicable trading day.

The Notes are convertible at a conversion rate of 33.1609 shares of common stock per $1,000 principal amount of Notes, which is equivalent to a conversion price of approximately $30.16 per share of common stock.

The Company has issued a notice to holders with respect to the Conversion Option specifying the applicable terms, conditions and procedures. The notice is available through HSBC Bank USA, National Association or by requesting a copy from HSBC Bank USA, National Association, which is serving as the conversion agent, at:

HSBC Bank USA, National Association
Attention: CTLANY Client Service Delivery Team / Vishay Intertechnology, Inc.
66 Hudson Blvd East, 545W9
New York, NY 10001

None of the Company, its Board of Directors or its employees has made or is making any representation or recommendation to any holder as to whether to exercise or refrain from exercising the Conversion Option.

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

About Vishay

Vishay manufactures one of the world’s largest portfolios of discrete semiconductors and passive electronic components that are essential to innovative designs in the automotive, industrial, computing, consumer, telecommunications, military, aerospace, and healthcare markets. Serving customers worldwide, Vishay is The DNA of tech.® Vishay Intertechnology, Inc. is a Fortune 1,000 Company listed on the NYSE (VSH). More on Vishay at www.vishay.com.

Forward-Looking Statements

Statements contained herein that relate to the Company's future cash dividends on its common stock and Class B common stock are forward-looking statements within the safe harbor provisions of Private Securities Litigation Reform Act of 1995. Words such as “to be,” "will be," or other similar words or expressions often identify forward-looking statements. Such statements are based on current expectations only, and are subject to certain risks, uncertainties and assumptions, many of which are beyond our control. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results, performance, or achievements may vary materially from those anticipated, estimated or projected. Among the factors that could cause actual results to materially differ include: general business and economic conditions; manufacturing or supply chain interruptions or changes in customer demand due to political, economic, and health instability and military conflicts and hostilities; delays or difficulties in implementing our cost reduction strategies; delays or difficulties in expanding our manufacturing capacities; an inability to attract and retain highly qualified personnel; changes in foreign currency exchange rates; uncertainty related to the effects of changes in foreign currency exchange rates; competition and technological changes in our industries; difficulties in new product development; difficulties in identifying suitable acquisition candidates, consummating a transaction on terms which we consider acceptable, and integration and performance of acquired businesses; changes in U.S. and foreign trade regulations and tariffs, and uncertainty regarding the same; volatility in prices for metals and materials; changes in applicable domestic and foreign tax regulations, and uncertainty regarding the same; changes in applicable accounting standards and other factors affecting our operations that are set forth in our filings with the Securities and Exchange Commission, including our annual reports on Form 10-K and our quarterly reports on Form 10-Q. We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

The DNA of tech® is a trademark of Vishay Intertechnology.

Contact:                                                   

Vishay Intertechnology, Inc.
Peter Henrici
Executive Vice President, Corporate Development
+1-610-644-1300

ELGIN, Ill.--(BUSINESS WIRE)--The Middleby Corporation (NASDAQ: MIDD) today announced that it has completed the previously announced spin-off of its Food Processing business, now operating as Midera Food Processing, Inc. (“Midera”). Shares of Midera common stock will begin trading “regular way” on The Nasdaq Stock Market under the ticker symbol “MFP,” effective at the market opening on July 7, 2026. “This separation represents the culmination of strategic portfolio work to unlock the full value.

LOS ANGELES, July 06, 2026 (GLOBE NEWSWIRE) -- The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Graphic Packaging Holding Company (“Graphic Packaging” or “the Company”) (NYSE: GPK) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.

Investors who purchased the Company’s securities between February 4, 2025 and February 2, 2026, inclusive (the “Class Period”), are encouraged to contact the firm before July 6, 2026.

If you are a shareholder who suffered a loss, click here to participate.

We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at [email protected].

The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.

According to the Complaint, the Company made false and misleading statements to the market. Graphic Packaging suffered from inventory management problems, increased costs and reduced demand. The Company downplayed the severity of these issues despite the fact they would have a material impact on its financial performance. The Company overstated the strength of its business model. Based on these facts, the Company’s public statements were false and materially misleading throughout the class period. When the market learned the truth about Graphic Packaging, investors suffered damages.

Join the case to recover your losses

The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.        

CONTACT:

The Schall Law Firm
Brian Schall, Esq.,
www.schallfirm.com
Office: 310-301-3335
[email protected]

SOURCE:

 The Schall Law Firm

, /PRNewswire/ -- Kyndryl (NYSE: KD), a leading provider of mission-critical enterprise technology services, today announced the appointments of Ellen Johnson as incoming Chief Financial Officer and Andrew Bonzani as General Counsel and Secretary. This comes after a comprehensive search for candidates with proven operational expertise and demonstrated leadership in public companies.

"Ellen and Andrew are experienced leaders in driving financial discipline, operational excellence and strong governance at global, public companies," said Martin Schroeter, Chairman and Chief Executive Officer, Kyndryl. "Their complementary experience will further enhance Kyndryl's senior leadership team as we advance the company's growth strategy with differentiated services that support our customers' most complex challenges while taking disciplined actions to strengthen our business."

Johnson will join Kyndryl on July 20 and assume the role of Chief Financial Officer on August 6. She joins from Interpublic Group (IPG), which was recently acquired by Omnicom, where she most recently served from 2020 to 2025 as Executive Vice President and Chief Financial Officer of IPG. Since joining IPG in 2000, she held a series of senior finance leadership positions, including Chief Financial Officer of IPG Mediabrands, Senior Vice President of Finance and Treasurer, Senior Vice President and Treasurer, and Assistant Treasurer, International. Johnson currently serves on the Board of Directors of Nexstar Media Group and recently served as an advisor in residence for the EY Center for Executive Leadership. She earned her MBA in finance from New York University Stern School of Business and her Bachelor of Science degree in accounting, with a minor in business, from the State University of New York at Albany. Harsh Chugh will continue to serve as Interim Chief Financial Officer through August 5 when Kyndryl plans to file its first-quarter 2027 earnings report and Form 10-Q. Chugh will remain at the company and assist with the transition.  

Bonzani's appointment is effective immediately. He joins Kyndryl with deep public company experience having served as Senior Vice President, General Counsel and Secretary at IPG since joining in 2012 and most recently as Executive Vice President and General Counsel from 2021 to 2025. Prior to joining IPG, he worked at IBM in the legal department for 18 years, most recently as Vice President, Assistant General Counsel and Secretary, overseeing the corporate legal functions. Bonzani received his JD from St. John's University School of Law and his Bachelor of Arts degree in philosophy from Binghamton University. Mark Ringes, who served as Kyndryl's Interim General Counsel and Secretary, returns to his role as Deputy General Counsel.

About Kyndryl

Kyndryl (NYSE: KD) is a leading provider of mission-critical enterprise technology services offering advisory, implementation and managed services to thousands of customers in more than 60 countries. As the world's largest IT infrastructure services provider, the company designs, builds, manages and modernizes the complex information systems that the world depends on every day. For more information, visit www.kyndryl.com.

Kyndryl Press Contact
[email protected]

SOURCE Kyndryl

Accelerates Solstice's strategy by deepening exposure to high-growth markets where materials innovation, performance and reliability are increasingly critical Creates a leading, integrated electronics platform spanning semiconductor fabrication, packaging and assembly, while expanding thermal management for chip and data center cooling Enhances R&D, technical-service and commercial capabilities with a focus on customer co-innovation as requirements across electronics and AI infrastructure become more complex and mission-critical Expected to strengthen Solstice's long-term financial profile, with the goal of delivering faster growth while sustaining top-tier margins and strong free cash flow Transaction expected to be accretive to sales growth and adjusted EPS in year one Solstice and Element Solutions to hold conference call today at 8:30AM ET , /PRNewswire/ -- Solstice Advanced Materials (Nasdaq: SOLS) ("Solstice" or the "Company") and Element Solutions (NYSE: ESI) ("Element") today announced that they have entered into a definitive agreement for Solstice to acquire Element in a cash-and-stock transaction valued at approximately $14.5 billion, including the assumption of net debt. The transaction represents a significant acceleration of Solstice's strategy to build an industry-leading advanced materials platform with increased exposure to high-growth electronics, AI infrastructure and other attractive end markets.

On a combined basis, Solstice and Element would have full year 2025 net sales of approximately $6.8 billion and a 26% adjusted EBITDA margin including run-rate synergies. The combined company is expected to benefit from greater scale, a full suite of offerings for electronics customers, and an attractive set of specialty material businesses serving numerous attractive end markets. Element adds focused electronics, formulation, and technical service capabilities and a robust technology portfolio that complement Solstice's strengths in chemistry, application development, refrigerant application solutions, and high-performance materials.

"Overall, we believe the combined company will be very well-positioned to benefit from generational tailwinds in high-growth end markets," said David Sewell, President and CEO of Solstice. "Element brings highly complementary capabilities, deep customer relationships and a technical service-led model that expands how we support customers from early-stage development through high-volume manufacturing. This high-performing team brings with it inimitable domain expertise and customer process know-how in addition to a compelling track-record of value creation for shareholders. Together, we expect Element and Solstice to be extremely well positioned to deliver on our customers' growing requirements for signal integrity, thermal management, reliability and performance."

Sewell added, "Both companies have strong cultures grounded in integrity, innovation, teamwork and customer focus, with comprehensive patent portfolios and highly talented employees who are at the top of their profession. We intend to blend the best of our talents and cultures to build an organization with a broader technology platform and a stronger ability to co-innovate with customers to develop unique solutions addressing emerging, complex requirements from our combined customer base."

Ben Gliklich, Chief Executive Officer of Element Solutions, said, "Since Element's founding in 2019, we have delivered a strategy balancing operational excellence and prudent capital allocation to cement our position in the fastest growing, highest value niches of our markets. This transaction recognizes that achievement and brings together two great companies with shared attributes – strong market positions, attractive margins, deep technical know-how and excellent people – to accelerate their combined growth. We are creating a scaled advanced materials platform with complementary capabilities to broaden our offerings in our core electronics markets and deliver differentiated solutions to customers. We believe that the breadth of the combined portfolio along with enhanced innovation and manufacturing capabilities will allow us to better solve the pain points emerging in the leading edge of the electronics industry. This is an exciting opportunity for our people and shareholders, both of whom are expected to participate in the anticipated long-term upside of the combined company."

Strategic and Financial Rationale

The transaction is expected to create several strategic and financial benefits, including:

Creates Industry-Leading Advanced Materials Portfolio, Accelerating Solstice's Existing Strategy. The combination advances Solstice's strategy to build a scaled advanced materials platform with greater exposure to electronics, AI infrastructure, thermal management, data center cooling applications and other attractive specialty markets. Strengthens Solstice's Electronics Platform with Complementary Innovation and Customer Capabilities. Element Solutions brings capabilities that are directly aligned with Solstice's electronics growth strategy, including formulation expertise, R&D, technical service and deep customer relationships. Together, the companies will be better positioned to serve customers across semiconductor fabrication, advanced packaging and assembly, supporting them from early-stage development through qualification and high-volume production. The combination is expected to create a broader platform for customer-led innovation as electronics customers increasingly need cutting edge materials technology to address the inherent challenges associated with advanced electronics. The combined company's enhanced scale is also expected to accelerate Element's high-growth technologies, such as Kuprion ActiveCopper. Broadens Solstice's Role Across AI Infrastructure and Other Secular Growth Markets. The transaction is expected to strengthen Solstice's exposure to AI infrastructure by connecting its electronics, packaging and thermal management capabilities with data center cooling and refrigerant application solutions. This broader platform will position the combined company to support customers across key parts of the advanced computing ecosystem, from higher-performance chips and packaging architectures to cooling solutions that improve efficiency and reliability. The combined company is expected to also retain attractive specialty positions, including serving as the sole U.S. supplier of uranium conversion services that support the nuclear fuel cycle. Strengthens Solstice's Long-Term Growth, Margin and Cash Flow Profile. The combined company is expected to deliver faster growth while maintaining best-in-class margins and strong cash flow conversion. On a combined company basis, Solstice expects to deliver mid-to-high single-digit CAGR revenue growth, high single-digit to low double-digit CAGR Adjusted EBITDA growth, and cash conversion of approximately 75% over the medium term. Solstice expects to realize more than $180 million of net synergies by the third year following close, driven by procurement efficiencies, manufacturing optimization, supply chain optimization, operational efficiencies and SG&A savings. The combined company also expects additional significant benefits from revenue synergy opportunities over time. Accretive in Year One, with Rapid De-leveraging. The transaction is expected to be accretive to Adjusted EPS in year one after close. Additionally, the combined company is expected to have net leverage of approximately 3.5x at close and anticipates de-levering to below 3x Adjusted EBITDA within 18 months of close. The combined company will remain committed to maintaining a strong sub-investment grade credit rating with a target net leverage ratio of 2.0 – 3.0x Adjusted EBITDA. Further, the combined company expects to continue its policy of maintaining and growing its quarterly dividend over time.   "This transaction allows us to amplify our transformational growth in electronics while building on the strength of Solstice's existing businesses," Sewell said. "Our refrigerant application solutions platform, including data center cooling, and our specialty exposures such as nuclear fuel remain core to the combined company's value proposition and central to helping customers improve efficiency, resilience and performance. Together, we aim to create a higher growth, higher margin advanced materials leader with greater global reach. I am confident we will successfully integrate our teams by taking a best-of-both approach, building on our respective strengths, and creating an even stronger organization."

Transaction Details

Under the terms of the agreement, Element Solutions shareholders will receive, for each share of Element common stock, $10.00 in cash and 0.500 shares of Solstice common stock, representing implied consideration of approximately $50.10 per Element share and a premium of approximately 15% over Element's closing share price on July 2, 2026. Upon closing, Element shareholders are expected to own approximately 44% of the combined company.

The transaction has been unanimously approved by the respective Boards of Directors of both companies and is expected to close in the first half of 2027, subject to customary closing conditions, including receipt of required regulatory approvals and approval by Solstice and Element shareholders, as applicable.

Upon closing, the combined company will operate as Solstice. David Sewell will serve as President and Chief Executive Officer of the combined company. Solstice expects to maintain a strong operating presence across both companies' existing major sites and build a leadership team with strong representation from both organizations to drive our shared success.

Upon closing, Solstice's Board of Directors will be comprised of 11 directors, including Element Solutions CEO Ben Gliklich and two other designees from the Element board, subject to standard governance procedures.

Financing

Solstice has secured fully committed financing for the transaction in the form of an initial $4.7 billion bridge commitment from Goldman Sachs, which it plans to replace with permanent debt financing, which it intends to use in addition to cash from its balance sheet to fund the cash consideration payable at closing of the transaction. Solstice remains focused on maintaining a consistently strong balance sheet and expects to continue managing its disciplined capital structure.

Conference Call and Additional Materials

Solstice and Element Solutions will host a joint investor conference call and webcast today at 8:30 am Eastern Time to discuss the transaction.

The live webcast and accompanying investor presentation will be available on the investor relations sections of Solstice's and Element's websites at investor.solstice.com and www.elementsolutionsinc.com. A replay of the webcast will be available following the call.

Advisors

Goldman Sachs is serving as lead financial advisor to Solstice alongside PJT Partners. Consello also provided advisory services to Solstice. Davis Polk & Wardwell LLP and Hogan Lovells Cadwalader LLP are serving as M&A counsel and Cleary Gottlieb Steen & Hamilton LLP is serving as legal counsel with respect to acquisition financing. Wilkie Farr & Gallagher LLP is serving as legal counsel to Goldman Sachs as a committed financing source in connection with the acquisition financing.

BofA Securities, Inc. is serving as financial advisor to Element Solutions, Paul, Weiss, Rifkind, Wharton & Garrison LLP is serving as legal counsel and Collected Strategies, LLC is serving as strategic communications advisor.

About Solstice

Solstice is a leading global specialty materials company that advances science for smarter outcomes. Solstice offers high-performance solutions that enable critical industries and applications, including refrigerants, semiconductor manufacturing, data center cooling, nuclear power, protective fibers, healthcare packaging and more. Solstice is recognized for developing next-generation materials through some of the industry's most renowned brands such as Solstice®, Genetron®, Aclar®, Spectra®, Fluka™ and Hydranal™. Partnering with over 3,000 customers across more than 120 countries and territories and supported by a robust portfolio of over 5,700 patents and pending applications, Solstice's approximately 4,000 employees worldwide drive innovation in materials science. For more information, visit www.solstice.com. 

About Element Solutions

Element Solutions is a leading global specialty chemicals technology company whose businesses supply a broad range of solutions that enhance the performance of products people use every day. Developed in multi-step technological processes, these innovative solutions enable customers' manufacturing processes in multiple high-value industries, including semiconductor fabrication, high-performance computing, automotive systems, consumer electronics, power electronics, communications and data storage infrastructure, aerospace and defense, industrial surface finishing and offshore energy. More information about the Company is available at www.elementsolutionsinc.com. 

Cautionary Statement Regarding Forward-Looking Statements

This communication contains certain forward-looking statements within the meaning of the federal securities laws made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 with respect to the proposed transaction between Solstice and Element Solutions, that involve substantial risks and uncertainties. These statements can be identified by the fact that they do not relate strictly to historical or current facts, but rather are based on current expectations, estimates, assumptions and projections regarding, among other things, the anticipated benefits and timing of the proposed transaction, synergies, expected future financial position, total addressable market, position in specialty chemicals and advanced materials verticals and the industry, business and financial results of each company and the combined company, including the combined company's expected Adjusted EBITDA and Adjusted EBITDA margin, expected synergies, net debt and net leverage, anticipated de-leveraging, expected accretion to Adjusted EPS and expected growth, margins and free cash flow. Forward-looking statements often include words such as "anticipates," "estimates," "expects," "positioned," "projects," "forecasts," "intends," "plans," "continues," "could," "believes," "may," "will," "would," "should," "goals," "pro forma" and words and terms of similar substance in connection with discussions of the proposed transaction and the future operating or financial performance of the combined company. As with any projection or forecast, forward-looking statements are inherently susceptible to uncertainty and changes in circumstances. Solstice's, Element Solutions' or the combined company's actual results may vary materially from those expressed or implied in the forward-looking statements. Accordingly, undue reliance should not be placed on any forward-looking statement made by Solstice or on its behalf. Although Solstice and Element Solutions believe that the forward-looking statements contained in this communication are based on reasonable assumptions, you should be aware that a variety of factors, many of which are difficult to predict and outside of Solstice's or Element Solutions' control, could affect Solstice's, Element Solutions' or the combined company's actual financial results or results of operations and could cause actual results to differ materially from those in such forward-looking statements, including, but not limited to: the completion of the proposed transaction on the anticipated terms and timing, including obtaining stockholder, regulatory and other approvals, anticipated tax treatment, unforeseen liabilities, future capital expenditures, revenues, expenses, earnings, synergies, economic performance, indebtedness, financial condition, future prospects, business and management strategies, expansion and growth of Solstice's and Element Solutions' businesses and other conditions to the completion of the proposed transaction; failure to realize the anticipated benefits of the proposed transaction, or that such benefits may take longer to realize or be more costly to achieve than expected, including as a result of delay in completing the proposed transaction, Solstice's ability to integrate Element Solutions' operations and product lines or due to unexpected costs, liabilities or delays; the ability of the parties to obtain or consummate financing related to the proposed transaction upon acceptable terms or at all; the dilution caused by Solstice's issuance of additional shares of its common stock in connection with the consummation of the proposed transaction; the risk of a downgrade of the credit rating of Solstice's indebtedness; a material adverse change in the financial condition of Solstice, Element Solutions or the combined company; potential litigation relating to the proposed transaction that could be instituted against Solstice, Element Solutions or their respective directors; Solstice's and Element Solutions' ability to implement their business strategies; the risk that disruptions from the proposed transaction will harm Solstice's or Element Solutions' respective businesses, including current plans and operations; the ability of Solstice or Element Solutions to retain and hire key personnel; potential adverse reactions or changes to business relationships resulting from the announcement or completion of the proposed transaction; uncertainty as to the long-term value of Solstice's common stock; risks associated with third party contracts containing consent and/or other provisions triggered by the proposed transaction; legislative, regulatory, political and economic developments affecting Solstice's, Element Solutions' or the combined company's respective businesses; the evolving legal, regulatory and tax regimes under which Solstice and Element Solutions operate; potential business uncertainty, including changes to existing business relationships, during the pendency of the proposed transaction that could affect Solstice's and/or Element Solutions' financial performance; restrictions during the pendency of the proposed transaction that may impact Solstice's or Element Solutions' ability to pursue certain business opportunities or strategic transactions; an overall decline in the health of the economy and the industries in which Solstice and Element Solutions operate, including as a result of inflation, tariffs and other trade barriers and restrictions, market volatility, geopolitical instability and social unrest, the possibility of an economic downturn or recession or other macroeconomic factors; unpredictability and severity of catastrophic events, including, but not limited to, acts of terrorism or outbreak of war or hostilities, as well as Solstice's and Element Solutions' response to any of the aforementioned factors; failure to receive the approval of the stockholders of Solstice and/or Element Solutions; and the occurrence of any event, change or other circumstance that could give rise to the termination of the merger agreement. The foregoing list of factors is not exhaustive. You should carefully consider the foregoing factors and the other risks and uncertainties that affect the businesses of Solstice and Element Solutions described in the "Risk Factors" section of their respective Annual Reports on Form 10-K for the year ended December 31, 2025, Quarterly Reports on Form 10-Q and other documents filed by either of them from time to time with the SEC. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those implied by forward-looking statements in this communication. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and Solstice and Element Solutions assume no obligation and do not intend to update or revise these forward-looking statements, whether as a result of new information, future events or otherwise, except as otherwise required by securities or other applicable law. Neither Solstice nor Element Solutions gives any assurance that either Solstice or Element Solutions will achieve its expectations.

Important Information and Where to Find It

In connection with the proposed transaction, Solstice intends to file with the SEC a registration statement on Form S-4 (the "Registration Statement"), which will include a prospectus with respect to the shares of Solstice's common stock to be issued in the proposed transaction and a joint proxy statement for Solstice's and Element Solutions' respective stockholders (the "Joint Proxy Statement/Prospectus"). The definitive Joint Proxy Statement/Prospectus (if and when available) will be mailed to stockholders of Solstice and Element Solutions after it is declared effective. Each of Solstice and Element Solutions may also file with or furnish to the SEC other relevant documents regarding the proposed transaction. This communication is not a substitute for the Registration Statement, the Joint Proxy Statement/Prospectus or any other document that Solstice or Element Solutions may mail to their respective stockholders in connection with the proposed transaction.

INVESTORS AND SECURITY HOLDERS OF SOLSTICE AND ELEMENT SOLUTIONS ARE URGED TO READ THE REGISTRATION STATEMENT AND THE JOINT PROXY STATEMENT/PROSPECTUS INCLUDED WITHIN THE REGISTRATION STATEMENT CAREFULLY AND IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE, AS WELL AS ANY OTHER RELEVANT DOCUMENTS FILED WITH THE SEC IN CONNECTION WITH THE PROPOSED TRANSACTION OR INCORPORATED BY REFERENCE INTO THE REGISTRATION STATEMENT AND THE JOINT PROXY STATEMENT/PROSPECTUS (INCLUDING ANY AMENDMENTS OR SUPPLEMENTS THERETO), BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION REGARDING SOLSTICE, ELEMENT SOLUTIONS, THE PROPOSED TRANSACTION AND RELATED MATTERS.

Investors and security holders may obtain free copies of the Joint Proxy Statement/Prospectus and other documents filed with the SEC by Solstice or Element Solutions through the website maintained by the SEC at http://www.sec.gov or from Solstice at its website, https://www.solstice.com, or from Element Solutions at its website, https://www.elementsolutionsinc.com (information included on or accessible through the SEC website or either of Solstice's or Element Solutions' website is not incorporated by reference into this communication).

Participants in Solicitation

Solstice and Element Solutions and their respective directors and executive officers may be deemed to be participants in the solicitation of proxies from the stockholders of Solstice and Element Solutions in connection with the proposed transaction.

Information about the interests of the directors and executive officers of Solstice and Element Solutions and other persons who may be deemed to be participants in the solicitation of stockholders of Solstice and Element Solutions in connection with the proposed transaction and a description of their direct and indirect interests, by security holdings or otherwise, will be included in the Joint Proxy Statement/Prospectus, which will be filed with the SEC.

Information about Solstice's directors and executive officers and their ownership of Solstice's common stock is set forth in Solstice's proxy statement for its 2026 Annual Meeting of Stockholders on Schedule 14A filed with the SEC on April 2, 2026 under the headings "Director Compensation," "Compensation Discussion and Analysis," "Executive Compensation Tables" and "Stock Ownership Information." To the extent that holdings of Solstice's securities have changed since the amounts printed in Solstice's proxy statement, such changes have been or will be reflected on Initial Statements of Beneficial Ownership of Securities on Form 3 and Statements of Changes in Beneficial Ownership on Form 4 filed with the SEC.

Information about Element Solutions' directors and executive officers and their ownership of Element Solutions' common stock is set forth in Element Solutions' proxy statement for its 2026 Annual Meeting of Stockholders on Schedule 14A filed with the SEC on March 23, 2026 under the headings "Director Compensation," "Executive Compensation" and "Security Ownership." To the extent that holdings of Element Solutions' securities have changed since the amounts printed in Element Solutions' proxy statement, such changes have been or will be reflected on Initial Statements of Beneficial Ownership of Securities on Form 3 and Statements of Changes in Beneficial Ownership on Form 4 filed with the SEC.

The information regarding the direct and indirect interests of those persons and other persons who may be deemed participants in the proposed transaction may be obtained by reading the Joint Proxy Statement/Prospectus regarding the proposed transaction when it becomes available. Free copies of these documents may be obtained as described above.

No Offer or Solicitation

This communication is not intended to and shall not constitute an offer to sell or the solicitation of an offer to sell or the solicitation of an offer to buy any securities, or a solicitation of any vote or approval, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended (the "Securities Act"), and/or offered pursuant to an exemption from the registration requirements of the Securities Act, and otherwise in accordance with applicable law.

Important Note about Combined and Non-GAAP Financial Information

The financial information for the combined businesses of Solstice and Element Solutions is based on management's estimates, assumptions and projections and has not been prepared in conformance with the applicable requirements of Regulation S-X relating to pro forma financial information, and the required pro forma adjustments have not been applied and are not reflected therein. This information is provided for illustrative purposes only and should not be considered in isolation from, or as a substitute for, the historical financial statements of Solstice and Element Solutions. These measures are provided for illustrative purposes and are based on an arithmetic sum of the relevant historical financial measures of Solstice and Element Solutions. Combined Adjusted EBITDA is the arithmetic sum of Solstice's Adjusted Standalone EBITDA and Element Solutions' Pro Forma Adjusted EBITDA, inclusive of expected net synergies. Combined Adjusted EBITDA Margin is inclusive of expected net synergies. These measures do not reflect what the combined company's financial condition or results of operations would have been had the proposed transaction occurred on or prior to the dates indicated. Such illustrative information may differ materially from pro forma information included in SEC filings. Various factors could cause actual future results to differ materially from those currently estimated by management, including, but not limited to, the risks described above and in each of Solstice's and Element Solutions' respective filings with the SEC.

This communication also includes certain financial measures not calculated in accordance with U.S. generally accepted accounting principles ("GAAP"), such as adjusted standalone EBITDA, pro forma adjusted EBITDA, combined adjusted EBITDA, combined adjusted EBITDA margin, combined sales, synergies, integration benefits, free cash flow, net debt and net leverage. Non-GAAP financial measures have limitations as an analytical tool and are not meant to be considered in isolation from, or as a substitute for, the comparable GAAP measures. There are limitations to non-GAAP financial measures because they are not prepared in accordance with GAAP and may not be comparable to similarly titled measures of other companies due to potential differences in methods of calculation and items being excluded. Solstice and Element Solutions caution you not to place undue reliance on these non-GAAP financial measures.

For a definition of Solstice's adjusted standalone EBITDA and Element Solutions' adjusted EBITDA and a reconciliation of adjusted standalone EBITDA and adjusted EBITDA to the most comparable GAAP financial measure for 2025, please see Solstice's Current Report on Form 8-K furnished with the SEC on February 11, 2026 and Element Solutions' Current Report on Form 8-K furnished with the SEC on February 17, 2026 and Element Solutions' 2026 Investor Day presentation at its website at https://www.elementsolutionsinc.com (information included on or accessible through Element Solutions' website is not incorporated by reference into this communication). Element Solutions' pro forma Adjusted EBITDA for fiscal year 2025 is from Element Solutions' 2026 Investor Day presentation and is Element Solutions' Adjusted EBITDA inclusive of a pro forma adjustment of $61 million from the impact of the acquisitions of Micromax and EFC Gases. Combined Adjusted EBITDA and Combined Adjusted EBITDA margin includes expected synergies.

Investor Relations
Mike Leithead
(973) 370-8188
[email protected] 

Media           
Amy Schneiderman  
(201) 218-2302                         
[email protected] 

Contacts for Element Solutions

Investor Relations
Varun Gokarn
Vice President, Strategy and Integration
Element Solutions Inc
1-203-952-0369
[email protected] 

Media
Ed Hammond / Tali Epstein
Collected Strategies
1-212-379-2072
[email protected] 

SOURCE Solstice Advanced Materials US, Inc.

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SummaryVictory Capital Holdings is rated 'Buy', driven by strong earnings, robust AUM growth, and successful integration of acquisitions like Pioneer.VCTR's strategy leverages M&A and ETF product expansion, supporting revenue, EBITDA, and EPS growth above sector and historical averages.1Q26 results exceeded expectations: revenue +77% yoy, adjusted EBITDA +75% yoy, and stable fee rates amid industry-wide compression.Healthy leverage, consistent dividends, and active share repurchases provide downside support while valuation remains below recent peaks.Marcio Silva/iStock Editorial via Getty Images

Summary Victory Capital Holdings' (VCTR) stock is +37% YTD, driven by stronger-than-expected earnings from a growing ETF segment in addition to higher AUM and earnings from recent acquisitions such as Pioneer. VCTR has a clear strategy to

71 Followers

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.

Futures kontrakty indikují smíšené otevření v USA

Vývoj měnových párů

NEEDHAM, Mass.--(BUSINESS WIRE)--SharkNinja, Inc. (NYSE: SN), a global product design and technology company, today announced that Shark Beauty has launched FlexStyle IonCurl, the newest addition to its FlexStyle franchise. Powered by Ion Smooth Technology and CoandaBoost™, IonCurl delivers visibly smoother**, shiny hair with less frizz and bouncier, more defined curls†, all without heat damage. Building on the success of the FlexStyle ecosystem, IonCurl is the precision upgrade for consumers w.

Investing in biotechnology requires a balance between groundbreaking scientific innovation and the realities of clinical development. Choosing between CRISPR Therapeutics (CRSP +7.77%) and Viking Therapeutics (VKTX 0.11%) involves comparing established gene-editing leadership against massive growth potential in metabolic medicine.

CRISPR Therapeutics is a leader in gene editing, recently achieving its first product approval for rare blood disorders. Viking Therapeutics focuses on metabolic and endocrine disorders, targeting the booming market for weight-loss treatments. While both companies operate in high-growth areas, their financial stages and clinical risks offer distinct paths for everyday investors.

The case for CRISPR TherapeuticsCRISPR Therapeutics focuses on developing gene-based medicines using its proprietary CRISPR/Cas9 platform. The company develops gene-based medicines, a transformative part of healthcare stocks. It currently relies on a strategic partnership with Vertex Pharmaceuticals (VRTX +6.13%) for the commercialization of CASGEVY, a treatment for sickle cell disease. Customer concentration like this adds a layer of risk to the business since one partner controls most global operations.

In fiscal 2025, revenue was approximately $3.5 million, a decrease of nearly 90% compared to the prior year. The company reported a net loss of roughly $581.6 million during this period. This performance reflects the volatile nature of biotech revenue, which often depends on one-time milestone payments from collaboration partners rather than consistent product sales.

As of CRISPR’s December 2025 balance sheet, the current ratio stands at approximately 13.3. The current ratio measures the ability of a business to cover its short-term obligations with assets it can convert to cash quickly. The debt-to-equity ratio is roughly 0.2, showing that total debt is low relative to shareholder equity. Free cash flow for fiscal 2025 was approximately negative $345.9 million.

The case for Viking TherapeuticsViking Therapeutics is a clinical-stage company developing therapies for metabolic and endocrine disorders, including obesity and lipid conditions. The company operates under a Master License Agreement with Ligand Pharmaceuticals (LGND +2.43%), which provides the rights to its most promising drug candidates. Viking currently lacks its own manufacturing infrastructure and relies on third parties like CordenPharma for clinical drug supplies.

In fiscal 2025, the company reported no revenue, as it currently has no products approved for commercial sale. Viking recorded a net loss of approximately $359.6 million. This loss widened from previous years as the company invested more heavily in its clinical pipeline to advance its obesity and metabolic candidates.

Based on its December 2025 balance sheet, the current ratio stands at close to 9.3. The debt-to-equity ratio is approximately zero, indicating Viking carries no total debt relative to its shareholder equity. Free cash flow for fiscal 2025 was roughly negative $278.7 million, representing the cash used to fund operations and necessary clinical research equipment.

Risk profile comparisonCRISPR Therapeutics faces ongoing financial sustainability risks, as it continues to report significant operating losses despite recent capital injections. The gene-editing field is highly novel and regulatory authorities require extensive long-term follow-up periods for approved treatments. Additionally, the company is involved in intellectual property disputes, including a patent infringement lawsuit from ToolGen that could lead to costly legal outcomes.

Viking Therapeutics is substantially dependent on its license agreement with Ligand, as any termination would halt its primary drug development programs. Because the company is still in the clinical stage, there is no guarantee that its obesity or MASH candidates will receive regulatory approval. Furthermore, the company relies on CordenPharma for manufacturing, meaning any quality control issues or supply chain delays could significantly impact its development timeline.

Valuation comparisonViking Therapeutics appears slightly more favorable on a forward earnings basis, although both companies carry significant premiums due to their high-growth potential in the biotech market.

MetricCRISPR Therapeutics AGViking TherapeuticsSector BenchmarkForward P/E19.117.7389.1P/S ratio1528.3N/ASector benchmark uses the SPDR XLV sector ETF.
Valuation metrics sourced from Financial Modeling Prep (FMP) and may differ from other data providers.

The forward P/E ratio reflects the stock price relative to future earnings estimates, helping you assess if a stock is expensive compared to its profit potential. A P/S ratio measures the stock price against the company's annual revenue per share, which is a useful metric for evaluating businesses that are not yet consistently profitable.

CRISPR is plainly quite expensive on a valuation basis, but it has a groundbreaking treatment for sickle cell, and one imagines that its gene-editing approach may be applied to other diseases.

Viking Therapeutics is pre-clinical, which is another way of saying "pre-revenue." I do not personally care for that. Neither company is profitable, but at least CRISPR has sales, even if they are extremely tiny. I hear "pre-clinical," and think, "pre-investible," frankly. And if Viking does succeed, it will enter a market that already has a fair amount of GLP-1 drugs.

Both companies are more speculative than what I'd normally purchase, but I'd much sooner buy a modest position in CRISPR than Viking.

-

VAUGHAN, Ontario--(BUSINESS WIRE)--Bausch + Lomb Corporation (NYSE/TSX: BLCO), a leading global eye health company dedicated to helping people see better to live better, will release its second-quarter financial results on Wednesday, July 29, 2026. The company will host a conference call and live webcast at 8 a.m. ET to discuss the results and provide a business update. All materials will be made available on the Investor Relations section of the Bausch + Lomb website prior to the start of the call.

Conference Call Details

Date:

Wednesday, July 29, 2026

  Time:

8 a.m. ET

  Webcast:

https://www.webcaster5.com/Webcast/Page/2883/53394

  Participant Event Dial-in:

+1 (888) 506-0062 (North America)

+1 (973) 528-0011 (International)

  Participant Access Code:

415531

  Replay Dial-in:

+1 (877) 481-4010 (North America)

+1 (919) 882-2331 (International)

  Replay Passcode:

53394 (replay available until Aug. 12, 2026)

About Bausch + Lomb

Our mission is simple – we help people see better to live better, all over the world. For nearly two centuries we’ve evolved with the changing needs of patients and customers, and our commitment to innovation and improving the standard of care in eye health has never been stronger. From contact lenses to prescription products, over-the-counter options, surgical devices and more, we’re turning bold ideas into better outcomes through passion, perseverance and purpose. Learn more at www.bausch.com and connect with us on Facebook, Instagram, LinkedIn, X and YouTube.

© 2026 Bausch + Lomb.

More News From Bausch + Lomb Corporation

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Redwire (RDW 5.51%) stock got crushed in last month's trading, falling 50.2% across the stretch. Over the same period, the S&P 500 and the Nasdaq Composite fell 1.1% and 2.8%,respectively.

Redwire stock saw huge sell-offs last month after the company announced a major new fundraising move. Its valuation rapidly moved lower amid valuation trends for space stocks connected to the initial public offering (IPO) of Space Exploration Technologies. Defense stocks also generally saw weak trading last month.

Image source: Getty Images.

June was a brutal month for Redwire shareholders On June 9, Redwire published a press release announcing a new at-the-market stock sale program that will allow the company to raise up to $500 million through sales of its common stock. The fundraising move will have a significant dilutive impact for shareholders. With newly created shares entering the market, each existing share comes to represent a smaller piece of the overall whole. The upside is that it will provide the company with substantial operating capital, but investors may have viewed it as a sign that the company viewed its stock as richly valued in addition to dilution-related concerns.

SpaceX's IPO also had a substantial negative impact on Redwire stock. Space stocks have generally been hot over the last year, and the months leading up to SpaceX's IPO on June 12 saw many players in the industry post huge valuation gains -- but that trend reversed last month. While some investors may have been worried that SpaceX finally hitting the market would take some of the hype and excitement away from stocks in the category, others sold positions in other space stocks in order to fund their positions in SpaceX after it went public.

Today's Change

(

-5.51

%) $

-0.66

Current Price

$

11.31

While the stock got crushed in June, there was actually some good news from the company. On June 4, the company announced that it had won a contract with biotech specialist Astrobiome Space to grow strawberries on the International Space Station and test Astriobiome's soil enhancement product. On June 30, the company announced that it had won a contract with Taiwan Color Optics to provide its Penguin Mk2.5 vertical-take-off-and-landing (VTOL) craft to the Taiwanese Coast Guard.

Here's why Redwire is still falling in July Coming on the heels of last month's precipitous valuation decline, Redwire stock has continued to fall in July. As of this writing, the stock is down roughly 7.5% in the month's trading.

While there hasn't been any fresh bad news for the company, some space-tech stocks have continued to lose ground. With the S&P 500 down roughly 0.2% in the month so far and the Nasdaq Composite down roughly 1.5%, there's also been some broader movement out of speculative growth stocks. Redwire's big sell-offs don't mean that the stock won't be able to recover, but investors clearly aren't thrilled with the at-the-market stock program and the company's perceived near-term return potential compared to other space stocks.

Keith Noonan has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.

Item 1 of 2 Fuel prices are displayed on a board at a BP gas station in Afferden, Netherlands, April 13, 2026. REUTERS/Piroschka van de Wouw

[1/2]Fuel prices are displayed on a board at a BP gas station in Afferden, Netherlands, April 13, 2026. REUTERS/Piroschka van de Wouw Purchase Licensing Rights, opens new tab

SummaryCompaniesSale is part of BP portfolio simplificationMore than 400 million barrels of oil expected from first phaseDevelopment ​investment estimated at about $9.8 billionLONDON, July 6 (Reuters) - BP (BP.L), opens new tab has agreed to sell its stake in the Bay du Nord offshore oil project in Canada to partner ​Equinor (EQNR.OL), opens new tab as the British energy major sharpens its ​focus on higher-return opportunities.

Under the agreement, Norway's Equinor ⁠will become the sole owner of Bay du ​Nord, acquiring BP's 37.2% stake, the companies said on ​Monday without disclosing financial terms.

The Reuters Power Up newsletter provides everything you need to know about the global energy industry. Sign up here.

The agreement represents another step in BP's efforts to reshape its portfolio to improve profitability, reduce debt ​and focus capital on higher-return oil and gas ​projects. BP will retain its 100% ownership of two exploration offshore ‌licences ⁠in the Canadian province of Newfoundland and Labrador.

Equinor will seek to advance the project toward a final investment decision in early 2027.

The Bay du Nord development ​lies in ​the Flemish ⁠Pass Basin about 500 km (310 miles) east of St. John's in Newfoundland and Labrador. ​Expected to tap more than 400 million ​barrels ⁠of oil in its initial phase, the project is based on a floating production, storage and offloading vessel (FPSO) ⁠with ​subsea tiebacks.

Equinor is targeting first ​oil for 2031, with required investment estimated at about C$14 billion ($9.84 billion).

($1 = ​1.4227 Canadian dollars)

Reporting by Stephanie Kelly Editing by David Goodman

Our Standards: The Thomson Reuters Trust Principles., opens new tab

A London-based senior correspondent covering UK-listed energy companies including BP and Shell and energy developments in Europe, the Middle East and Africa.

Combination expands Ondas' portfolio across multi-domain ISR, counter-UAS, precision strike, mission intelligence and autonomous systems for U.S. and allied defense customers

Together with World View, DZYNE will operate within Ondas Sentinel, a newly created business division that will strengthen Ondas' U.S. defense portfolio

Transaction significantly strengthens Ondas' financial profile, adding substantial revenue, positive EBITDA and expanded operating leverage

WEST PALM BEACH, FL / ACCESS Newswire / July 6, 2026 / Ondas Inc. (NASDAQ:ONDS) ("Ondas" or the "Company"), a leading provider of advanced autonomous systems and next-generation defense and security technologies and services, announced today it has acquired DZYNE Technologies, LLC ("DZYNE"). This acquisition establishes Ondas as a vanguard autonomous defense platform, uniting complementary capabilities across multi-domain ISR, counter-UAS, autonomous effects, aerial security, precision strike, autonomous logistics, and AI-enabled mission orchestration to rapidly meet the complex, evolving requirements of modern warfare. The acquisition is valued at $875.8 million and was financed through a cash and stock structure intended to align the incentives of DZYNE management and investors with Ondas' stockholders. Greater than 50% of the stock consideration is subject to a six-month lock-up.

"The character of warfare is changing rapidly, and military advantage increasingly belongs to organizations capable of deploying autonomous systems at scale," said Eric Brock, Chairman and Chief Executive Officer of Ondas. "DZYNE brings exceptional technology, world-class engineering talent and mission-ready systems across long-endurance ISR, counter-UAS and autonomous effects. The combination with DZYNE accelerates Ondas' build-out of the next-generation autonomous defense platform-not through a single breakthrough product, but by integrating complementary, mission-proven technologies into a scaled operating platform. Importantly, DZYNE significantly strengthens Ondas' financial profile, adding substantial scale and revenue growth. DZYNE is EBITDA positive with a strong and growing margin profile, accelerating Ondas' path towards profitable, long-term growth."

DZYNE, a U.S.-based defense technology company recognized for its leadership in long-endurance autonomous aircraft, counter-drone systems and autonomous effects, brings Ondas an operationally mature business with established relationships across the U.S. defense community and allied customers, along with a reputation for moving quickly from prototyping into fielded systems. Ondas believes this combination of technical depth, mission experience, customer trust and operational execution makes DZYNE a uniquely valuable strategic asset as defense organizations accelerate investment in autonomous systems.

"We structured this transaction to take the majority of our consideration in Ondas equity because we believe in the long-term value of the combined platform," said Jeff Hull, President and Chief Executive Officer of Highlander Partners, the majority owner of DZYNE. "As a firm that invests our own proprietary capital with a patient, long-term horizon, our equity position reflects genuine conviction - not just in DZYNE's capabilities, but in Ondas' vision to build a scaled global operating platform for unmanned and autonomous systems serving the defense, security, and critical infrastructure markets. DZYNE's ISR, counter-UAS, and expendable systems are a natural extension of that architecture, and we believe DZYNE's technology and team will thrive inside Ondas as part of its broader system-of-systems strategy - together positioned to be a leader in autonomous defense."

"This acquisition exemplifies our Strategic Growth Program by adding an operationally mature defense technology company with market-leading products, deep customer relationships and immediate financial scale," said Mark Green, Head of Global Corporate Development & M&A at Ondas. " Integrating DZYNE into our systems-of-systems architecture expands our technology leadership while strengthening our operating platform and financial profile."

Ondas Sentinel: A New Operating Division for U.S. Scale

Ondas has formed Ondas Sentinel, a dedicated operating division unifying its growing U.S. portfolio of autonomous defense technologies. Initially intended to integrate World View and DZYNE, it combines persistent ISR, counter-UAS, autonomous effects and mission intelligence into a scalable organization built to support larger, more integrated defense programs while leveraging common technology roadmaps, manufacturing, sustainment and AI-enabled mission software.

Ryan Hartman, Chief Executive Officer of World View, will serve as Chief Executive Officer of Ondas Sentinel, while Matt McCue, co-founder and Chief Executive Officer of DZYNE, will become Chief Technology Officer of Ondas Sentinel. Together, they will lead the integration of the businesses and accelerate Ondas' strategy to deliver integrated autonomous defense solutions at scale.

"Ondas Sentinel creates far more than an organizational structure-it's a scalable U.S. defense platform," said Ryan Hartman, Chief Executive Officer of Ondas Sentinel. "By combining World View's persistent sensing with DZYNE's mission-proven autonomous systems, effectors, and counter-UAS capabilities, we can engage customers across more mission areas, pursue larger programs and help operators see more, decide faster and act with confidence."

Compelling Strategic Fit Accelerates Combined Growth Path

DZYNE adds three strategic franchises to the Ondas platform: long-endurance ISR, counter-UAS and autonomous effects. These capabilities have been supported by over $500 million of cumulative R&D and product development investment and directly address several of the fastest-growing priorities in defense modernization, including persistent intelligence, aerial security, affordable mass and distributed operations.

1) Building a Multi-Domain ISR Architecture from the Stratosphere to the Tactical Edge

The acquisition of DZYNE significantly advances Ondas' multi-domain ISR roadmap, reflecting the Company's belief that the future of ISR lies in integrated architectures, not isolated aircraft or sensors.

DZYNE's ULTRA is a long-endurance autonomous aircraft delivering multi-day ISR across large operational areas at significantly lower operating cost and logistical burden than traditional ISR aircraft. With tens of thousands of operational flight hours, ULTRA brings proven persistence to distributed operations, border security, maritime awareness and communications relay-strengthening Ondas' position in persistent intelligence and bridging World View's stratospheric sensing with Optimus' tactical-edge autonomous operations.

The combined Ondas ISR portfolio is expected to span:

Stratospheric ISR: World View's Stratollites provide persistent sensing, communications relay and strategic intelligence capabilities from the stratosphere, supporting wide-area surveillance, maritime awareness, border security and resilient communications.

Long-Endurance Theater ISR: DZYNE's ULTRA and LEAP platforms provide long-endurance intelligence collection, reconnaissance and communications relay capabilities for operational theater missions requiring persistence over extended periods.

Tactical ISR: Ondas' Optimus autonomous drone platform and InsightSense ground sensor technologies provide persistent intelligence and situational awareness at the tactical edge, combining autonomous aerial reconnaissance, distributed ground sensing, force protection and infrastructure monitoring into a unified tactical intelligence layer.

Ondas is also advancing SkyWeaver, an AI-enabled mission operating system being developed in partnership with Palantir Technologies to connect sensors, autonomous platforms, operators and decision-makers across a single operational environment. Built on Palantir Foundry and AIP, SkyWeaver transforms data across the Ondas and DZYNE portfolios into actionable intelligence for sensor fusion, decision support, mission planning and autonomous tasking.

2) IonStrike Completes Ondas' Counter-UAS and Aerial Security Portfolio

DZYNE's IonStrike significantly expands Ondas' counter-UAS portfolio with a fully kinetic, autonomous interceptor designed to detect, track and physically defeat hostile drones in flight. Purpose-built to counter the Shahed-136 class of one-way attack drones and other emerging aerial threats, IonStrike delivers scalable, low-cost interception at the point of engagement, providing an affordable alternative to traditional air defense systems.

IonStrike extends Ondas' aerial security platform beyond detection and mitigation to complete the kinetic defeat layer of an integrated counter-UAS architecture, enabling Ondas to own the full mission chain-from detection and identification to mitigation, interception and defeat-across military, homeland security and civil markets. Together with DZYNE's Dronebuster, which we believe to be one of the most widely fielded handheld counter-UAS systems in the world, Sentrycs' cyber-based detection and mitigation, and Iron Drone's autonomous interception, IonStrike forms a layered aerial security architecture against evolving unmanned threats:

Detect: Sentrycs, Dronebuster and integrated airspace awareness technologies

Identify: Sentrycs protocol analytics, sensor fusion and AI-enabled classification

Mitigate: Sentrycs cyber takeover capabilities and Dronebuster electronic defeat capabilities

Defeat: Iron Drone autonomous net interception and IonStrike autonomous strike

3) Expanding Capabilities in Precision Strike and Autonomous Effects

DZYNE's family of unique, low-cost, attritable autonomous systems enables Ondas to support a broader spectrum of missions spanning intelligence, force protection, logistics, and precision effects. As militaries shift toward "affordable mass," launched effects have been one of the fastest-growing segments of global defense spending, giving commanders scalable, expendable systems at a fraction of the cost of traditional platforms.

DZYNE's portfolio includes the Blitz autonomous Group 1 UAS and Grasshopper autonomous cargo glider. Blitz pairs long-range autonomy, (150 km range), expendable economics, swarm capabilities and an open, modular architecture into a highly scalable platform aligned with the U.S. Department of War's (DOW) focus on affordable mass and autonomous effects. Grasshopper delivers up to 500 pounds of critical supplies with precision into contested or denied environments, at a fraction of the cost of traditional logistics platforms.

Financial Profile and Updated Outlook

DZYNE is expected to generate $191 million in revenue for the full year 2026, and more than $300 million in 2027. The Company expects a revenue growth CAGR of greater than 80% from 2025-2028 driven by strong adoption of both the ULTRA platform for long-endurance ISR applications and the kinetic interceptor solution, IonStrike, along with a strong contribution from the counter-drone portfolio, including Dronebuster. DZYNE is expected to be EBITDA positive in 2026 and beyond. EBITDA margins are targeted in the mid-teens in 2027, rising to the mid-20% range by 2028.

For 2026 Ondas is now targeting at least $525 million in revenue, significantly ahead of the Company's previous target of at least $390 million. The new outlook includes the addition of both DZYNE and the Company's Omnisys acquisition, which closed on May 21, 2026, and was not contemplated in the prior outlook. Ondas' new outlook does not include contributions from Cyberhawk, Ondas' recently announced acquisition that is expected to close during the third quarter of 2026.

Transaction Summary

Under the terms of the transaction, DZYNE shareholders received $200 million in cash and approximately 85 million Ondas shares valued at approximately $675 million. The DZYNE shareholders, led by Highlander, will own approximately 13.8% of Ondas' outstanding shares. Of the 85 million shares, 45 million-more than half the equity consideration-are subject to a six-month lock-up. Ondas believes this structure balances liquidity needs for DZYNE shareholders and long-term alignment with Ondas' stockholders.

For additional information regarding the acquisition, please see the Current Report on Form 8-K to be filed with the Securities and Exchange Commission later today. In connection with the acquisition, the Company approved inducement grants of restricted stock units (RSUs) representing 500,000 shares of the Company's common stock and stock options exercisable for 1,500,000 shares of the Company's common stock with an exercise price of $7.92 per share to a total of 255 newly-hired employees in connection with the acquisition. The equity awards were granted pursuant to the Nasdaq Rule 5635(c)(4) inducement grant exception as a component of each individual's employment compensation and were granted as an inducement material to his or her acceptance of employment with the Company. The RSUs and the stock options vest over 3 years, subject to the applicable employee's continued employment with the Company.

Advisors

Citizens Capital Markets & Advisory served as exclusive financial advisor to Ondas and Baird served as exclusive financial advisor to DZYNE Technologies. Akerman LLP served as legal counsel to Ondas and Baker McKenzie served as legal counsel to Highlander Partners and DZYNE Technologies.

Investor Conference Call & Audio Webcast Details

Ondas will host an investor conference call and audio webcast to discuss the acquisition, the formation of Ondas Sentinel, and the strategic importance of the transaction to the Company's long-term autonomous defense strategy.

Date: Monday, July 6, 2026
Time: 8:30 a.m. Eastern Time
Toll-free dial-in number: 844-883-3907
International dial-in number: 412-317-5798
Call participant pre-registration link: here

The Company encourages listeners to pre-register, which allows callers to gain immediate access and bypass the live operator. Please note that you can register at any time during the call. For those who choose not to pre-register, please call the conference telephone number 10-15 minutes prior to the start time, at which time an operator will register your name and organization.

The conference call will also be broadcast live and available for replay here and via the investor relations section of the Company's website at ir.ondas.com. A replay will be accessible from the investor relations website after completion of the event.

About Ondas Inc.

Ondas Inc. (NASDAQ:ONDS) is a leading provider of autonomous systems, robotics, and mission-critical technologies for defense, homeland security, public safety, critical infrastructure, and industrial markets. The Company develops and deploys integrated unmanned and autonomous platforms across air, ground, and stratospheric environments, designed to support intelligence, surveillance, reconnaissance, security, and operational missions in complex environments. Ondas' solutions are deployed globally by government, defense, and commercial customers to protect infrastructure, borders, transportation networks, personnel, and strategic assets.

For additional information on Ondas Inc., visit www.ondas.com.

About DZYNE Technologies, LLC

DZYNE Technologies is a leading developer of autonomous aerial systems and advanced defense technologies, delivering innovative solutions across intelligence, surveillance, reconnaissance, and counter‑UAS missions. The company designs and manufactures a full ecosystem of unmanned platforms and payloads-including long‑endurance Group 2/3 aircraft, rapid‑deployment Group 1 systems, and field‑proven counter‑drone tools-built to operate in contested and denied environments. With deep expertise in AI‑enabled autonomy, modular airframe design, and rapid prototyping, DZYNE supports U.S. and allied defense customers with scalable, mission‑ready capabilities that accelerate decision advantage at the tactical edge.

Forward-Looking Statements

Statements made in this release that are not statements of historical or current facts are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. We caution readers that forward-looking statements are predictions based on our current expectations about future events. These forward-looking statements are not guarantees of future performance and are subject to risks, uncertainties and assumptions that are difficult to predict. Our actual results, performance, or achievements could differ materially from those expressed or implied by the forward-looking statements as a result of a number of factors, including the risks discussed under the heading "Risk Factors" discussed under the caption "Item 1A. Risk Factors" in Part I of our most recent Annual Report on Form 10-K or any updates discussed under the caption "Item 1A. Risk Factors" in Part II of our Quarterly Reports on Form 10-Q and in our other filings with the SEC. We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise that occur after that date, except as required by law.

Contacts
IR Contact for Ondas Inc.
888-657-2377
[email protected]

Media Contact for Ondas Inc.
Escalate PR
[email protected]

Preston Grimes
Marketing Manager, Ondas Inc
[email protected]

Jill Vacek
Director of Communications, Ondas Sentinel
[email protected]

SOURCE: Ondas Inc.