Caliber Launches – Caliber Tokenization Services, New Entity Bringing Real-World Asset Tokenization to Family-Owned Real Estate Portfolios

Caliber reaffirms its 2026 revenue projections; new division establishes a fee-based revenue stream for the platform, with engagements available to a limited number of family offices through year end

SCOTTSDALE, Ariz., Aug. 27, 2026 (GLOBE NEWSWIRE) — Caliber (Nasdaq: CWD), a real estate-focused alternative asset manager, today announced the formation of Caliber Tokenization Services, LLC (“CTS”), a new division that provides full-service real-world asset (RWA) tokenization engagements to family offices that own and operate significant real estate portfolios, under the brand, Tokenized by Caliber.

CTS was created following the successful launch of Caliber’s first tokenized real-estate investment, PURE Pickleball & Padel, earlier this month. The Company assembled the proprietary smart contracts, expert implementation team, and execution experience that tokenization requires, and recognized Caliber could apply this to both to its own portfolio and the portfolios of family offices. This implementation solves for ownership records spread across dozens of entities & family members, providing enhanced visibility into what they own and what it is worth. Once the family’s ownership is digital, transfers, gifts, and estate planning are simplified and additional options for access to liquidity, that do not require the sale of a building, may emerge.

“For 17 years we have worked alongside families that own large portfolios of real estate, and we watched the same problems repeat,” said Chris Loeffler, CEO of Caliber. “When we began tokenizing our own funds, we realized the technology solves those problems. Many of these families are Caliber clients, and through discussions it became clear that the family would prefer to hire a real estate firm that has already tokenized its investments, rather than assemble a dozen technology contracts on its own. Tokenization does not make a building operate better, but it does make owning the building better for every member of the family. Real estate is the largest asset class in the world and among the least tokenized. We are building the on-ramp for the private portfolios that need it most.”

The launch places Caliber inside one of the fastest-moving trends in institutional finance. Tokenized real-world assets have grown to more than $38 billion, excluding stablecoins, according to RWA.xyz as of August 2026, while real estate, valued at $393 trillion by Savills and the world’s largest store of wealth, represents less than one percent of that tokenized value. Caliber believes it is among the first U.S. public companies to tokenize its own private real estate fund and to offer tokenization of private real estate portfolios as a service. CTS launches with a deliberate focus on family offices, and the platform is designed to expand into additional service lines as the market develops.

CTS delivers tokenization as a single, white-glove engagement. The division contracts in bulk with institutional providers across the tokenization ecosystem and combines those services with Caliber’s proprietary smart contracts and implementation process. Clients receive one partner, one contract, and a guided implementation typically completed in six to eight weeks. Institutional providers in the tokenization industry gain access to a relatively untouched asset class and an implementation partner in Caliber that speaks both languages.

CTS serves two client groups: Caliber’s own funds and offerings, and family offices that own at least $50 million of real estate. Engagements are designed around the outcomes families care about, including a single, secure, current picture of each family member’s ownership; automated portfolio valuation updates; simplified transfers between approved family members; practical execution of gifting and estate planning strategies; and optionality for liquidity through borrowing or resale of equity, which remains entirely under the family’s control.

Because each engagement is custom, and because the Company is tokenizing its own portfolio in parallel, CTS has capacity for a limited number of family office engagements through the end of 2026, with expanded capacity expected in 2027. Family offices and their advisors can learn more and begin a confidential conversation at TokenizedByCaliber.com.

Caliber is establishing CTS as a new stream of fee-based service revenue for the platform. During 2026, while CTS completes the implementation phase across Caliber’s own portfolio, it will operate with limited third-party capacity. The Company expects the division to provide incremental revenue contributions, and, as such, the Company is not revising its projections upward at this time. Caliber reaffirms its current 2026 revenue projections and believes CTS strengthens the Company’s ability to achieve them. As the business develops, the Company expects CTS to provide an increasingly meaningful revenue contribution and expects to report CTS as its own revenue line item for Caliber’s platform in the future.

About Caliber (CaliberCos Inc.)
Caliber (Nasdaq: CWD) is a real estate-focused alternative asset manager with over $2.6 billion in Managed Assets and a 17-year track record investing in middle-market hospitality and multifamily real estate. The Company pairs an institutional-quality asset management platform with a boutique, hands-on investment approach focused on value creation in underserved market segments. Investors can participate in Caliber through its publicly traded equity (Nasdaq: CWD), and through its private real estate investment funds for accredited investors and financial professionals. For more information, visit caliberco.com.

Forward-Looking Statements

This press release contains “forward-looking statements” that are subject to substantial risks and uncertainties. All statements, other than statements of historical fact, contained in this press release are forward-looking statements. Forward-looking statements contained in this press release may be identified by the use of words such as “anticipate,” “believe,” “contemplate,” “could,” “estimate,” “expect,” “intend,” “seek,” “may,” “might,” “plan,” “potential,” “predict,” “project,” “target,” “aim,” “should,” “will” “would,” or the negative of these words or other similar expressions, although not all forward-looking statements contain these words. Forward-looking statements are based on the Company’s current expectations and are subject to inherent uncertainties, risks and assumptions that are difficult to predict. Further, certain forward-looking statements are based on assumptions as to future events that may not prove to be accurate. These and other risks and uncertainties are described more fully in the section titled “Risk Factors” in the Company’s Annual Report on Form 10-K for the year ended December 31, 2025, filed with the SEC on March 26, 2026, and other reports filed with the SEC thereafter. Forward-looking statements contained in this announcement are made as of this date, and the Company undertakes no duty to update such information except as required under applicable law. Nothing in this press release is an offer to sell, or a solicitation of an offer to buy, any security. Caliber Tokenization Services provides technology and administrative services, and tokenization does not guarantee any outcome, including liquidity.

CONTACTS:

Caliber Investor Relations:

Ilya Grozovsky
+1 480-214-1915
[email protected]

Media Relations:

Philip Robertson
+1 917-498-4711
[email protected]



Corvus Pharmaceuticals Announces Publication in Blood of Final Phase 1 Data from the Soquelitinib Phase 1/1b T Cell Lymphoma Trial

Data supports ongoing registration Phase 3 trial in r/r PTCL, Phase 2 trial in atopic dermatitis and planned trials for hidradenitis suppurativa and asthma 

Data in T cell lymphoma demonstrated anti-tumor activity based on tumor intrinsic and tumor extrinsic effects on microenvironment

Highlights ITK inhibition novel mechanism of action, aligned with recently presented immunologic and biomarker data from the soquelitinib Phase 1 atopic dermatitis trial 

SOUTH SAN FRANCISCO, Calif., Aug. 27, 2026 (GLOBE NEWSWIRE) — Corvus Pharmaceuticals, Inc. (Nasdaq: CRVS), a clinical-stage biopharmaceutical company, today announced the publication of peer-reviewed final data from its Phase 1/1b trial of soquelitinib in patients with T cell lymphoma. The publication in Blood, the journal of the American Society of Hematology, provides the medical and scientific community with clinical and immunologic data supporting the development of soquelitinib in oncology and immune and inflammatory diseases.

“The publication of these data in Blood brings our soquelitinib findings to a wide audience of clinicians and researchers,” said Richard A. Miller, M.D., co-founder, president and chief executive officer of Corvus. “In patients with advanced, aggressive and difficult-to-treat T cell lymphomas, soquelitinib demonstrated durable responses, including complete responses, maintained for more than two years in some patients and a median overall survival exceeding two years. This compares favorably to currently available therapies, providing the rationale for our ongoing registration Phase 3 trial in relapsed/refractory PTCL. The peer-reviewed data also detail soquelitinib’s mechanism of action, with selective ITK inhibition driving Th1 skewing and blocking of Th2 and Th17 differentiation. We believe these data support soquelitinib’s broad potential across immune and inflammatory diseases, reinforcing our development strategy including our ongoing SIERRA1 Phase 2 trial in atopic dermatitis and planned trials in hidradenitis suppurativa and asthma.”

The Phase 1/1b trial enrolled 75 heavily pre-treated patients (27 in dose escalation portion and 48 in dose expansion portion) with various T cell lymphomas, including peripheral T cell lymphoma (PTCL), T follicular helper cell lymphoma (TFHC), natural killer cell T cell lymphoma (NKTCL), cutaneous T cell lymphoma (CTCL), anaplastic large cell lymphoma (ALCL) and adult T cell lymphoma/leukemia (ATLL). The median number of prior therapies was three (range 1-18), with only 31% achieving an objective response to their most recent prior therapy. In the dose escalation portion, patients received a twice-daily dose of soquelitinib of 100 mg, 200 mg, 400 mg or 600 mg, and the 200 mg twice-daily dose was selected for the dose expansion portion based on biomarker studies which demonstrated that doses of 200 mg or higher achieved complete occupancy of the ITK target with the drug.

Soquelitinib was well tolerated across all dose cohorts up to 600 mg twice-daily, with no dose-limiting toxicities or significant adverse events and, notably, no myelosuppression or immunosuppression. In the 200 mg twice-daily cohort (N=36), there were objective and durable tumor responses, including six complete responses. Within this group, patients with one to three prior therapies were determined to be most likely to respond to therapy (N=24) and achieved the following results: objective responses in 9 of 24 patients (six complete and three partial), a median progression-free survival of 6.2 months with 30% of patients progression-free at 18 months, and a median overall survival of 28.1 months with 67% of patients alive at 24 months.

The publication also characterizes soquelitinib’s mechanism of action. In vitro studies showed that appropriate doses resulted in Th1 skewing by blocking Th2 differentiation, and biomarker analyses of patient blood and tumor samples also demonstrated this effect in vivo, with increased Th1 cells and reduced serum IL-5. In six patients with paired tumor biopsies analyzed by RNA sequencing, treatment increased intratumoral Th1 cells by day 8, which Corvus believes reflects the direct linkage between the drug’s clinical activity and its underlying immunobiology. These findings are consistent with an anti-tumor mechanism of action involving both direct effects on the tumor (tumor intrinsic) as well as a tumor extrinsic effect on the tumor microenvironment leading to an enhanced host immune response against the tumor.

The publication is available online at the Blood website and on the Publications and Presentations page of the Corvus website. It will also be published in an upcoming print edition of the journal.

Corvus is currently enrolling patients in a registration Phase 3 clinical trial of soquelitinib in patients with relapsed/refractory PTCL at multiple clinical sites. This randomized controlled trial is anticipated to enroll a total of 150 patients with relapsed/refractory PTCL and is evaluating soquelitinib versus physicians’ choice of either belinostat or pralatrexate. The primary endpoint of the trial is progression-free survival. There are no FDA fully approved agents for the treatment of relapsed/refractory PTCL, and the FDA has granted soquelitinib Orphan Drug Designation for the treatment of T cell lymphoma and Fast Track designation for treatment of adult patients with relapsed or refractory PTCL after at least 2 lines of systemic therapy. 

About

Blood


Blood is the flagship journal of the American Society of Hematology, providing an international forum for the publication of original articles describing basic laboratory, translational, and clinical investigations in hematology.

About Corvus Pharmaceuticals

Corvus Pharmaceuticals is a clinical-stage biopharmaceutical company pioneering the development of ITK inhibition as a new approach to immunotherapy for a broad range of immune diseases and cancer. The Company’s lead product candidate is soquelitinib, an investigational, oral, small molecule drug that selectively inhibits ITK. Soquelitinib is being evaluated in a registration Phase 3 clinical trial for relapsed/refractory PTCL and in a Phase 2 clinical trial for the treatment of atopic dermatitis. Its other clinical-stage candidates are being developed for a variety of cancer indications. For more information, visit www.corvuspharma.com or follow the Company on LinkedIn.

About Soquelitinib

Soquelitinib (formerly CPI-818) is an investigational small molecule drug given orally designed to selectively inhibit ITK (interleukin-2-inducible T cell kinase), an enzyme that is expressed predominantly in T cells and plays a role in T cell and natural killer (NK) cell immune function. Soquelitinib has been shown to affect T cell differentiation and induce the generation of Th1 helper cells while blocking the development of both Th2 and Th17 cells and production of their secreted cytokines. Th1 T cells are required for immunity to tumors, viral infections and other infectious diseases. Th2 and Th17 helper T cells are involved in the pathogenesis of many autoimmune and allergic diseases. Recent studies have demonstrated that ITK controls a switch between the differentiation of Th17 proinflammatory cells and T regulatory suppressor cells. Inhibition of ITK leads to a shift toward T regulatory cell differentiation, which has the potential to suppress autoimmune and inflammatory reactions. The Company believes the inhibition of specific molecular targets in T cells may be of therapeutic benefit for patients with autoimmune and allergic diseases and in cancers, including solid tumors. Based on interim results from a Phase 1/1b clinical trial in patients with refractory T cell lymphomas, which demonstrated tumor responses in very advanced, refractory, difficult to treat T cell malignancies, the Company is enrolling a registration Phase 3 clinical trial (NCT06561048) of soquelitinib in patients with relapsed/refractory PTCL. Soquelitinib is also now being investigated in a randomized placebo-controlled Phase 2 clinical trial in patients with atopic dermatitis. A publication describing the chemistry, enzymology and biology of soquelitinib appeared in npj Drug Discovery in December 2024 and is available online at the Nature website and on the Publications and Presentations page of the Corvus website.

About Peripheral T Cell Lymphoma

Peripheral T cell lymphoma is a heterogeneous group of malignancies accounting for about 10% of non-Hodgkin’s lymphomas (NHL) in Western populations, reaching 20% to 25% of NHL in some parts of Asia and South America. The most common subtypes are PTCL-not otherwise specified (PTCL-NOS) and T follicular helper cell lymphoma. First line treatment for these diseases is typically combination chemotherapy; however, approximately 75% of patients either do not respond or relapse within the first two years. Patients in relapse are treated with various chemotherapy agents but have poor overall outcomes with median progression-free survival in the three to four month range and overall median survival of six to 12 months. There are no approved drugs in relapsed/refractory PTCL based on randomized trials.

PTCL is a disease of mature helper T cells that express ITK, often containing numerous genetic mutations and frequently associated with viral infection. Most often the malignant cells of PTCL express a Th2 phenotype.

About Atopic Dermatitis

Atopic dermatitis, also called eczema, is a chronic disease that can cause inflammation, redness, scaly patches, blisters and irritation of the skin. It affects up to 20% of children and up to 10% of adults, and treatments include topical therapies, oral therapies and systemic injectable biologic therapies. It is frequently associated with other allergic disorders such as food allergies and asthma. Atopic dermatitis, like asthma and allergy, involves the participation of Th2 lymphocytes which secrete cytokines that result in inflammation. Soquelitinib has been shown in preclinical and clinical studies to inhibit cytokine production from Th2 lymphocytes.

Forward-Looking Statements

This press release contains forward-looking statements, including statements related to Phase 1 data from the soquelitinib Phase 1/1b T cell lymphoma trial as support for ongoing and planned trials; the potential safety, tolerability, clinical benefit and efficacy of the Company’s product candidates, including soquelitinib; the potential use of soquelitinib to improve therapy for a broad range of patients with T cell lymphoma, atopic dermatitis, other immune diseases and cancers; and clinical strategy and the design of clinical trials, including the timeline for initiation, target or expected number of patients to be enrolled, dose levels, number of sites and other product development milestones.. All statements other than statements of historical fact contained in this press release are forward-looking statements. These statements often include words such as “believe,” “expect,” “anticipate,” “intend,” “plan,” “estimate,” “seek,” “will,” “may” or similar expressions. Forward-looking statements are subject to a number of risks and uncertainties, many of which involve factors or circumstances that are beyond the Company’s control. The Company’s actual results could differ materially from those stated or implied in forward-looking statements due to a number of factors, including but not limited to, risks detailed in the Company’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2026, filed with the Securities and Exchange Commission on August 6, 2026, as well as other documents that may be filed by the Company from time to time with the Securities and Exchange Commission. In particular, the following factors, among others, could cause results to differ materially from those expressed or implied by such forward-looking statements: no head-to-head clinical trials have been conducted comparing soquelitinib to available therapies for patients with T cell lymphoma; the Company’s ability to demonstrate sufficient evidence of efficacy and safety in its clinical trials of its product candidates; the accuracy of the Company’s estimates relating to its ability to initiate and/or complete preclinical studies and clinical trials and release data from such studies and clinical trials; the results of preclinical studies and interim data from clinical trials not being predictive of future results; the Company’s ability to enroll sufficient numbers of patients in its clinical trials; the unpredictability of the regulatory process; regulatory developments in the United States and foreign countries; the costs of clinical trials may exceed expectations; and the Company’s ability to raise additional capital. Although the Company believes that the expectations reflected in the forward-looking statements are reasonable, it cannot guarantee that the events and circumstances reflected in the forward-looking statements will be achieved or occur, and the timing of events and circumstances and actual results could differ materially from those projected in the forward-looking statements. Accordingly, you should not place undue reliance on these forward-looking statements. All such statements speak only as of the date made, and the Company undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise.

INVESTOR CONTACT:

Leiv Lea
Chief Financial Officer
Corvus Pharmaceuticals, Inc.
+1-650-900-4522
[email protected]

MEDIA CONTACT:

Julia Stern
Real Chemistry
+1-949-903-4750
[email protected]



Veea and Telarus Sign Technology Services Distribution Agreement to Expand Access to Secure, Intelligent Connectivity Solutions

Strategic agreement enables Telarus’ extensive partner network to bring Veea’s enterprise-grade secure connectivity, edge computing and AI-enabled solutions to businesses seeking simpler, more secure technology infrastructure

NEW YORK, Aug. 27, 2026 (GLOBE NEWSWIRE) — Veea Inc. (“Veea”), a leader in secure edge computing, connectivity and AI-enabled solutions, and Telarus, a leading technology services distributor, today announced the signing of a Technology Services Distribution Agreement designed to expand the availability of Veea’s innovative technology solutions through Telarus’ extensive network of technology advisors and channel partners.

The agreement establishes Telarus as a distribution partner for Veea’s portfolio of secure connectivity and edge technology solutions, enabling Telarus partners to address growing customer demand for reliable connectivity, cybersecurity, intelligent networking and edge computing through an integrated technology platform.

“Partnering with Telarus represents an important step in our strategy to scale Veea platform products through a major sales channel,” said Helder Antunes, EVP-Chief Revenue Officer of Veea. “Businesses increasingly need more than connectivity. They need secure, intelligent and easily managed infrastructure that can support multimodal agentic AI and their operations without the complexity and cost traditionally associated with enterprise technology. Telarus has built an exceptional ecosystem of technology advisors and partners, and we believe this relationship can help bring Veea’s capabilities to a much broader customer base.”

Telarus brings extensive experience in helping businesses evaluate and deploy communications, cloud, cybersecurity, networking and other technology solutions through its global network of independent technology advisors. The agreement gives those advisors access to Veea solutions that can be integrated into broader technology strategies for customers ranging from small and medium-sized businesses to distributed enterprises.

“Customers are looking for technology that is easier to deploy, easier to manage and capable of solving multiple infrastructure challenges at once,” said Sumera Riaz, VP of Cybersecurity at Telarus. “Veea’s combination of secure connectivity, edge computing, networking and intelligent applications gives our partners another compelling solution to bring to their customers. We are excited to work with Veea and our channel community to accelerate adoption of these technologies.”

Bringing Enterprise Capabilities to a Broader Market

Veea’s technology platform is designed to converge networking, cybersecurity, edge computing and intelligent applications into an integrated architecture. Its solutions can support applications including secure connectivity, SD-WAN, Zero Trust security, IoT, video intelligence, AI-enabled services and edge computing.

This integrated approach is particularly relevant for organizations with distributed locations and limited internal IT resources, where managing multiple point solutions can increase cost, complexity and security risk.

Through the Telarus channel, Veea expects to expand its reach into new markets and verticals while enabling technology advisors to offer customers a broader portfolio of solutions addressing connectivity, security and digital transformation.

The agreement also creates opportunities for Telarus partners to develop recurring revenue opportunities around managed connectivity, cybersecurity, edge computing and intelligent applications.

A Platform for Growth

The relationship between Veea and Telarus reflects the companies’ shared commitment to simplifying the adoption of advanced technology.

By combining Veea’s technology platform with Telarus’ channel expertise, partner ecosystem and distribution capabilities, the companies intend to help businesses modernize their technology infrastructure while reducing deployment complexity and improving security.

About Veea

Veea Inc. (NASDAQ: VEEA) is a global leader in AI-driven edge infrastructure. Founded in 2014 and headquartered in New York City, Veea enables enterprises, service providers, and public sector organizations to deploy AI-powered applications and services at the edge. Built on Veea-developed and third-party devices, the VeeaONE platform integrates connectivity, computing, cybersecurity, and storage into a unified, hyperconverged network solution, delivered through a full software stack spanning edge to cloud — bringing AI to deployments that range from SMBs to enterprise campuses, smart industries, and remote communities. With more than 123 patents across related technology domains, Veea has been recognized by Gartner for its innovations in edge computing. For more information, visit www.veea.com.

About Telarus

Telarus, a premier global technology services distributor, has devoted over two decades to driving technology advisor impact and growth through deep market insights and experience, a partnership focus, and a comprehensive set of services, solutions, and tools. With a focus on collaboration with advisors and suppliers, Telarus enables technology advisors to source, purchase, and implement the right technology for the greatest impact. To learn more, visit www.telarus.com.    

Media Contact

Thomas Latiolais
Veea Inc.
[email protected]

Forward-Looking Statements

This press release contains forward-looking statements for purposes of the safe harbor provisions under the United States Private Securities Litigation Reform Act of 1995, including statements regarding, among other things, the plans, strategies and prospects, both business and financial, of Veea. These statements are based on the beliefs and assumptions of Veea. Although Veea believes that its plans, intentions and expectations reflected in or suggested by these forward-looking statements are reasonable, Veea cannot assure you that it will achieve or realize these plans, intentions or expectations. Forward-looking statements are inherently subject to risks, uncertainties and assumptions. Generally, statements that are not historical facts, including statements concerning possible or assumed future actions, business strategies, events or results of operations, and any statements that refer to projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. These statements may be preceded by, followed by or include the words “anticipate,” “believe,” “could,” “continue,” “estimate,” “expect,” “forecast,” “intend,” “may,” “might,” “plan,” “possible,” “potential,” “project,” “scheduled,” “seek,” “should,” “will” or similar expressions, but the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements contained in this press release include, but are not limited to, statements about (i) Veea’s ability to maintain adequate operational and financial resources, including the ability to raise sufficient capital and/or generate sufficient cash flows; (ii) Veea’s ability to achieve its current growth strategy and its ability to grow revenue and become profitable; (iii) the market acceptance of Veea’s platform and products; (iv) Veea’s reliance on distribution and partnering arrangements; and (v) Veea’s ability to compete against industry competitors.

You are cautioned not to place undue reliance on forward-looking statements, which only speak as of the date made, are not a guarantee of future performance and are subject to a number of uncertainties, risks, assumptions and other factors, many of which are outside the control of Veea. Veea expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the expectations of Veea with respect thereto or any change in events, conditions or circumstances on which any statement is based.



3D Systems Launches Partnership with Savannah River National Laboratory to Advance 3D Printing for Advanced Energy and National Security Applications

  • New CRADA drives joint development of advanced materials, AI/ML process optimization, equipment enhancements, and scalable production solutions
  • Positions additive manufacturing to support nuclear energy systems, energy infrastructure resilience, and national security missions
  • Creates pathway from collaborative research to workforce training, technology transfer and commercial-scale industrial applications

ROCK HILL, S.C., Aug. 27, 2026 (GLOBE NEWSWIRE) — 3D Systems (NYSE: DDD) today announced that it has entered into a Cooperative Research and Development Agreement (CRADA) with Savannah River National Laboratory (SRNL) to accelerate innovation in additive manufacturing (AM) for advanced energy generation and national security applications. The partnership centers on SRNL’s Advanced Manufacturing Collaborative (AMC), leveraging the facility’s unique position as South Carolina’s only national laboratory-operated site located on a public university campus.

Through this CRADA, SRNL and 3D Systems will jointly pursue advancements in materials development, equipment enhancements, artificial intelligence and machine learning-enabled process optimization, manufacturing systems, cybersecurity, and workforce development training. These efforts will drive the creation of next-generation AM materials, real-time process optimization tools, and scalable production solutions, along with the workforce that will enable the rapid adoption of advanced manufacturing technologies.

“We look forward to partnering with SRNL at the Advanced Manufacturing Collaborative and deploying 3D Systems’ leading AM technologies,” said Jeff Graves, President and CEO of 3D Systems. “This agreement demonstrates the impact and importance of high-quality 3D printing materials and technologies on key industrial markets, particularly energy and national security, and on developing the skilled workforce those markets require.”

A primary emphasis of the collaboration is the application of additive manufacturing to critical energy challenges, with particular relevance to nuclear energy and broader energy infrastructure. Additive manufacturing enables the fabrication of complex components from advanced alloys that are difficult or impossible to produce using conventional methods. This includes high-temperature nickel-based superalloys and other radiation-tolerant materials for intricate heat exchangers with internal cooling channels, reactor internals, pumps, valves, and other high-performance components essential to advanced nuclear systems. These capabilities support improved performance under extreme conditions, reduced material waste, greater design freedom, and enhanced supply-chain resilience, all essential for advanced nuclear reactor systems, fusion energy technologies, power generation equipment, and U.S. energy infrastructure modernization.

The partnership is timed to support a period of renewed investment and innovation across the U.S. nuclear and energy sectors. Advanced reactor designs, small modular reactors (SMRs), and related energy initiatives are driving demand for manufacturing approaches that can accelerate development cycles, reduce costs, and strengthen domestic production capacity. This collaboration is timely given the projected expansion of advanced nuclear capacity worldwide. According to the International Energy Agency, small modular reactor capacity could grow to roughly 40 gigawatts under current policies or up to 120 gigawatts in accelerated scenarios by 2050, supporting rising demand for reliable, low-carbon power in applications ranging from data centers and industrial heat to grid stability and energy security1. By combining 3D Systems’ commercial AM platforms and materials expertise with SRNL’s deep domain knowledge in nuclear materials, environmental stewardship, and energy resilience, the collaboration aims to help bridge laboratory innovation with industrial readiness.

“This collaboration positions SRNL and 3D Systems to deliver groundbreaking additive manufacturing technologies, strengthen U.S. manufacturing competitiveness, and drive forward the next era of AM innovation,” said Roderick Jackson, associate laboratory director for science, energy and innovation at SRNL.

While structured as a cooperative research and development agreement, the CRADA is intentionally designed to create a clear pathway from foundational research to technology transfer and commercial application. Cutting-edge 3D Systems equipment has been installed at the AMC and is supported by facility upgrades and resident AM subject-matter experts. This infrastructure will enable both world-class research and the demonstration of production-ready processes, positioning the partners to develop scalable manufacturing solutions with broader implications for high-value industrial markets including nuclear energy, aerospace and defense, and environmental technologies.

“This agreement underscores SRNL’s commitment to building world-class research capabilities, leveraging partnerships to enhance its competitive edge and solidify its presence as a leader in AM technologies,” said G. Jeremy Leong, director of the Advanced Manufacturing Collaborative at SRNL.

In addition to technology development, the partnership expands opportunities for training and developing the next generation of AM scientists, engineers, and technicians, strengthening the regional and national advanced manufacturing workforce.

About the Advanced Manufacturing Collaborative and SRNL

SRNL’s Advanced Manufacturing Collaborative opened just one year ago with a bold purpose and a clear vision as a nexus of innovation. Today, the AMC stands proudly as a place where industry, academia, and government come together to pioneer technologies that advance national security, environmental stewardship, and energy resilience. It has quickly become a home where collaboration thrives, integration drives impact, and ideas are transformed into purposeful solutions real world solutions for the nation. The AMC officially opened on August 7, 2025.

Savannah River National Laboratory is a multi-program federally funded research and development center managed and operated by Battelle Savannah River Alliance for the U.S. Department of Energy’s Office of Environmental Management. EM transforms the nation’s environmental liabilities into opportunities for innovation, job creation, and economic growth, while ensuring safe, secure and prosperous communities across America.

About 3D Systems

For 40 years, Chuck Hull’s curiosity and desire to improve the way products were designed and manufactured gave birth to 3D printing, 3D Systems, and the additive manufacturing industry. Since then, that same spark continues to ignite the 3D Systems team as we work side-by-side with our customers to change the way industries innovate. As a full-service solutions partner, we deliver industry-leading 3D printing technologies, materials, and software to high-value markets such as medical and dental; aerospace, space and defense; transportation and motorsports; AI infrastructure; and durable goods. Each application-specific solution is powered by the expertise and passion of our employees who endeavor to achieve our shared goal of Transforming Manufacturing for a Better Future. More information on the company is available at www.3dsystems.com.

Contacts

3D Systems Investor Contact: [email protected]
3D Systems Media Contact: [email protected]
SRNL Media Relations: [email protected]

Forward-Looking Statements

Certain 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, including statements regarding the timing of product launches, regulatory approvals, market opportunities, expected revenue impact, and shareholder value. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the company to be materially different from historical results or from any future results or projections expressed or implied by such forward-looking statements. In many cases, forward-looking statements can be identified by terms such as “believes,” “belief,” “expects,” “may,” “will,” “estimates,” “intends,” “anticipates” or “plans” or the negative of these terms or other comparable terminology. Forward-looking statements are based upon management’s beliefs, assumptions, and current expectations and may include comments as to the company’s beliefs and expectations as to future events and trends affecting its business and are necessarily subject to uncertainties, many of which are outside the control of the company. The factors described under the headings “Forward-Looking Statements” and “Risk Factors” in the company’s periodic filings with the Securities and Exchange Commission, as well as other factors, could cause actual results to differ materially from those reflected or predicted in forward-looking statements. Although management believes that the expectations reflected in the forward-looking statements are reasonable, forward-looking statements are not, and should not, be relied upon as a guarantee of future performance or results, nor will they necessarily prove to be accurate indications of the times at which such performance or results will be achieved. The forward-looking statements included are made only as of the date of the statement. 3D Systems undertakes no obligation to update or review any forward-looking statements made by management or on its behalf, whether as a result of future developments, subsequent events or circumstances or otherwise.

1The Path to a New Era for Nuclear Energy”. International Energy Agency, (iea) January 13, 2025 



BrainsWay Deep TMS™ Study Shows 70% Reduction in Patients Experiencing Suicidal Ideation

Peer-reviewed secondary analysis adds to growing body of clinical evidence supporting the potential role of Deep TMS in addressing suicidal ideation among patients with major depressive disorder

BURLINGTON, Mass. and JERUSALEM, Aug. 27, 2026 (GLOBE NEWSWIRE) — BrainsWay Ltd. (NASDAQ & TASE: BWAY), a global leader in advanced noninvasive neurostimulation treatments for mental health disorders, today announced the publication of new peer-reviewed data demonstrating significant reductions in suicidal ideation among patients with Major Depressive Disorder (MDD) treated with Deep Transcranial Magnetic Stimulation (Deep TMS™).

The publication, entitled “Effects of H-coil TMS on suicidality in major depression: A secondary analysis of data from a multisite randomized trial comparing accelerated to once-a-day stimulation,” was published in the Journal of Affective Disorders. The analysis evaluated suicidality outcomes from BrainsWay’s previously published multisite randomized non-inferiority clinical trial which had compared its SWIFT™ accelerated protocol with its standard once-daily Deep TMS protocol and which had resulted in the FDA’s September 2025 clearance of SWIFT.

Key Findings

  • Patients receiving Deep TMS demonstrated significant reductions in suicidal ideation over the course of treatment. Of the 89 patients enrolled in the study, using the Scale for Suicide Ideation (SSI), the number of patients exhibiting signs of suicide ideation (SSI>0) decreased from 22.5% (20/89) at baseline to 6.7% (6/89) after 6 weeks of treatment, a 70% relative reduction.
  • Reductions were observed with both the SWIFT accelerated protocol and standard once-daily Deep TMS treatment. The median time to improvement in suicidality (i.e. defined in the study as a reduction of at least one point on the SSI) was 10 days in the group of patients treated with SWIFT, and 13 days in the group treated with the standard Deep TMS protocol, a statistically significant difference.

The results add to a growing body of research published in 2026 on the potential role Deep TMS can play in reducing suicidality, a devastating symptom associated with Major Depressive Disorder (MDD). A separate randomized, sham-controlled study of hospitalized patients with MDD and active suicidality found that patients receiving active H1 or H7 Deep TMS showed reductions in suicidal-ideation intensity, while those receiving sham treatment did not. In addition, a 2026 review of 108 studies examining treatments for suicidality concluded that TMS was associated with reductions in suicidal ideation and noted comparatively durable effects following TMS treatment.

“Suicidal ideation remains one of the most serious and urgent challenges in major depression. Seeing multiple independent publications converge around the potential of Deep TMS to meaningfully reduce suicidal ideation is highly encouraging and reinforces our commitment to advancing the science in an area of profound unmet need” said Hadar Levy, Chief Executive Officer of BrainsWay.

Deep TMS is FDA-cleared for the treatment of Major Depressive Disorder. It is not FDA-cleared for the treatment or prevention of suicidal ideation or suicidal behavior.

About BrainsWay

BrainsWay is a global leader in advanced noninvasive neurostimulation treatments for mental health disorders. The Company is advancing neuroscience with its proprietary Deep Transcranial Magnetic Stimulation (Deep TMS™) platform technology to improve health and transform lives. BrainsWay is the first and only TMS company to obtain three FDA-cleared indications backed by pivotal clinical studies demonstrating clinically proven efficacy. Current indications include major depressive disorder (including reduction of anxiety symptoms, commonly referred to as anxious depression), obsessive-compulsive disorder, and smoking addiction. The Company is dedicated to leading through superior science and building on its unparalleled body of clinical evidence. Additional clinical trials of Deep TMS in various psychiatric, neurological, and addiction disorders are underway. Founded in 2003, with operations in the United States and Israel, BrainsWay is committed to increasing global awareness of and broad access to Deep TMS. For the latest news and information about BrainsWay, please visit www.brainsway.com.

Forward-Looking Statement

This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements may be preceded by the words “intends,” “may,” “will,” “plans,” “expects,” “anticipates,” “projects,” “predicts,” “estimates,” “aims,” “targets,” “believes,” “hopes,” “potential” or similar words, and also includes any financial guidance and projections contained herein. These forward-looking statements and their implications are based on the current expectations of the management of the Company only and are subject to a number of factors and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. Historical results or conclusions from scientific research and clinical studies – especially secondary/retrospective analysis data such as that reflected in this press release – do not guarantee that future results would suggest similar conclusions or that historical results referred to herein would be interpreted similarly in light of additional research or otherwise. The following factors, among others, could cause actual results to differ materially from those described in the forward-looking statements: the failure to realize anticipated synergies and other benefits of the proposed transaction; the failure of our investments in management services organizations and/or other clinic-related entities to produce profitable returns; inadequacy of financial resources to meet future capital requirements; changes in technology and market requirements; delays or obstacles in launching and/or successfully completing planned studies and clinical trials; failure to obtain approvals by regulatory agencies on the Company’s anticipated timeframe, or at all; inability to retain or attract key employees whose knowledge is essential to the development of Deep TMS products; unforeseen difficulties with Deep TMS products and processes, and/or inability to develop necessary enhancements; unexpected costs related to Deep TMS products; failure to obtain and maintain adequate protection of the Company’s intellectual property, including intellectual property licensed to the Company; the potential for product liability; changes in legislation and applicable rules and regulations; unfavorable market perception and acceptance of Deep TMS technology; inadequate or delays in reimbursement from third-party payers, including insurance companies and Medicare; inability to commercialize Deep TMS, including internationally, by the Company or through third-party distributors; product development by competitors; inability to timely develop and introduce new technologies, products and applications, which could cause the actual results or performance of the Company to differ materially from those contemplated in such forward-looking statements.

Any forward-looking statement in this press release speaks only as of the date of this press release. The Company undertakes no obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by any applicable securities laws. More detailed information about the risks and uncertainties affecting the Company is contained under the heading “Risk Factors” in the Company’s filings with the U.S. Securities and Exchange Commission.

Contacts:

BrainsWay:

Ido Marom
Chief Financial Officer
[email protected]

Investors:

Brian Ritchie
LifeSci Advisors
[email protected]



Lucky Strike Entertainment Reports Fourth Quarter and Full Year Results for Fiscal Year 2026

Lucky Strike Entertainment Reports Fourth Quarter and Full Year Results for Fiscal Year 2026

  • Total Revenue Growth of 0.9% in Fourth Quarter 2026
  • Continued expansion of Lucky Strike brand with 159 current Lucky Strike locations
  • Continued efforts to deploy capital efficiently, driving long-term returns

RICHMOND, Va.–(BUSINESS WIRE)–
Lucky Strike Entertainment (NYSE: LUCK), one of the world’s premier owner/operators of location-based entertainment, today provided financial results for the fourth quarter and full year of fiscal year 2026, which ended on June 28, 2026.

Quarter Highlights:

  • Total revenue increased 0.9% to $303.9 million versus 4Q25
  • Same-Store Revenue decreased 2.5% versus 4Q25
  • Net loss of $26.2 million versus net loss of $74.7 million in 4Q25
  • Adjusted EBITDA of $74.1 million versus $88.7 million in 4Q25

Fiscal Year Highlights:

  • Revenue increased 3.7% to $1,245.3 million versus the prior year
  • Same Store Revenue decreased 0.2% versus the prior year
  • Net loss of $35.8 million versus prior year net loss of $10.0 million
  • Adjusted EBITDA of $333.2 million versus prior year of $367.7 million
  • Added six locations during the fiscal year, five through acquisitions and one new build. Additionally, closed five underperforming locations
  • Total locations in operation as of August 27, 2026, were 366

“Fiscal 2026 marked a meaningful step forward for our business, with our strongest same-store sales performance in years and clear momentum across many of our key revenue streams,” said Thomas Shannon, Founder and CEO. “Importantly, that momentum is broadening. Cumulative organic growth was positive through the first eleven months of the fiscal year, with June driving the full-year decline. Leagues grew and accelerated through the spring, food remained strongly positive, retail bowling continued to grow, and Events turned positive in late spring for the first time in years and remained positive throughout the summer. It is the strongest sustained performance we have seen from that business in a long time.”

“June temporarily interrupted that progress. The first World Cup on American soil in a generation drew millions of consumers to their screens on nights they would typically be out, resulting in sharply negative comps for the month and pulling an otherwise positive quarter and year slightly below zero. We believe it is important to distinguish that temporary disruption from the underlying health of the business. Trends improved immediately following the World Cup Final, and this headwind will not repeat next summer. At our waterparks, a cool and wet start to the summer pressured attendance, but strong pricing and disciplined cost management helped protect profitability.”

“Waterparks represented the biggest operational step forward for us this summer. A year ago, we directly managed only a couple of parks. This summer, we operated a diverse portfolio, including our newest park in Los Angeles, and the organization executed exceptionally well. Per-capita spending increased meaningfully, labor costs declined as we aligned staffing more closely with demand, and both revenue and profitability grew substantially year over year. Importantly, the majority of the summer earnings contribution will be recognized in our September quarter.”

“I have described our business as a coiled spring, and that is exactly how we see it. We are pairing operating momentum with a structurally more disciplined approach to capital allocation. Capital expenditures are down approximately $80 million from their fiscal 2024 peak, and we expect to continue reducing capital spending as we further rationalize the portfolio and complete several existing investment programs. That creates a clear path to meaningfully higher free cash flow and accelerated deleveraging as earnings improve. As we enter fiscal 2027, our guidance is intentionally prudent and reflects the way we are approaching the current environment. We believe the combination of operating momentum, declining capital intensity and financial discipline positions us to deliver profitable growth, stronger free cash flow and a meaningfully improved balance sheet.”

Fiscal Year 2027 Guidance

We remain focused on delivering sustainable, profitable growth and creating meaningful long-term shareholder value. Our strategy is centered on accelerating revenue growth, expanding operating cash flow, and driving higher free cash flow per share through earnings growth and disciplined capital allocation. Looking ahead, our outlook reflects continued organic revenue growth, targeted investments in marketing and technology to strengthen our platform, and incremental contributions from our waterparks in FY27. Together, these initiatives position us to generate stronger cash flow, improve returns on invested capital, and build a more durable earnings growth profile.

 

Total Revenue Growth:

3% to 5%

 

Total Revenue:

$1,280M to $1,310M

 

Adjusted EBITDA:

$340M to $360M

 

Capital Expenditures:

Approximately $90M

Dividend Declaration

On August 27, 2026, the Board of Directors declared a quarterly cash dividend of $0.06 per share of common stock for the first quarter of fiscal year 2027. The dividend will be payable on September 22, 2026, to stockholders of record on September 8, 2026.

Investor Webcast Information

Listeners may access an investor webcast hosted by Lucky Strike Entertainment. The webcast and results presentation will be accessible at 9:00 AM ET on August 27, 2026, in the Events & Presentations section of the Lucky Strike Entertainment Investor Relations website at https://ir.luckystrikeent.com/.

About Lucky Strike Entertainment

Lucky Strike Entertainment is one of the world’s premier location-based entertainment platforms. With over 360 locations across North America, Lucky Strike Entertainment provides experiential offerings in bowling, amusements, water parks, and family entertainment centers. The Company also owns the Professional Bowlers Association, the major league of bowling and a growing media property that boasts millions of fans around the globe. For more information on Lucky Strike Entertainment, please visit IR.LuckyStrikeEnt.com.

Forward Looking Statements

Some of the statements contained in this press release are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, that involve risk, assumptions, and uncertainties, such as statements of our plans, objectives, expectations, intentions, and forecasts. These forward-looking statements reflect our views with respect to future events as of the date of this release and are based on our management’s current expectations, estimates, forecasts, projections, assumptions, beliefs, and information. Although management believes that the expectations reflected in these forward-looking statements are reasonable, it can give no assurance that these expectations will prove to have been correct. All such forward-looking statements are subject to risks and uncertainties, many of which are outside of our control, and could cause future events or results to be materially different from those stated or implied in this document. It is not possible to predict or identify all such risks. These risks include, but are not limited to: our ability to design and execute our business strategy; changes in consumer preferences and buying patterns; our ability to compete in our markets; the occurrence of unfavorable publicity; risks associated with long-term non-cancellable leases for our locations; our ability to retain key managers; risks associated with our substantial indebtedness and limitations on future sources of liquidity; our ability to carry out our expansion plans; our ability to successfully defend litigation brought against us; failure to hire and retain qualified employees and personnel; cybersecurity breaches, cyber-attacks and other interruptions to our and our third-party service providers’ technological and physical infrastructures; catastrophic events, including war, terrorism and other conflicts; public health emergencies and pandemics, such as the COVID-19 pandemic, or natural catastrophes and accidents; fluctuations in our operating results; economic conditions, including the impact of increasing interest rates, inflation and recession; and other factors described under the section titled “Risk Factors” in the Company’s Annual Report on Form 10-K filed with the U.S. Securities and Exchange Commission (the “SEC”) by the Company on August 27, 2026, as well as other filings that the Company will make, or has made, with the SEC, such as Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included in this press release and in other filings. We expressly disclaim any obligation to publicly update or review any forward-looking statements, except as required by applicable law.

Non-GAAP Financial Measures

To provide investors with information in addition to our results as determined under Generally Accepted Accounting Principles (“GAAP”), we disclose Same Store Revenue and Adjusted EBITDA as “non-GAAP measures”, which management believes provide useful information to investors because each measure assists both investors and management in analyzing and benchmarking the performance and value of our business. Accordingly, management believes that these measurements are useful for comparing general operating performance from period to period, and management relies on these measures for planning and forecasting of future periods. Additionally, these measures allow management to compare our results with those of other companies that have different financing and capital structures. These measures are not financial measures calculated in accordance with GAAP and should not be considered as a substitute for revenue or net income as calculated in accordance with GAAP, and may not be comparable to a similarly titled measure reported by other companies. Our fiscal year 2027 guidance measures (other than revenue) are provided on a non-GAAP basis without a reconciliation to the most directly comparable GAAP measure because the Company is unable to predict with a reasonable degree of certainty certain items contained in the GAAP measures without unreasonable efforts. For the same reasons, the Company is unable to address the probable significance of the unavailable information. Such items include, but are not limited to, acquisition-related expenses, share-based compensation, and other items not reflective of the company’s ongoing operations.

Same Store Revenue represents total Revenue less Non-Location Related Revenue, Revenue from Closed Locations, Service Fee Revenue, if applicable, and Acquired Revenue. Adjusted EBITDA represents Net Income (Loss) before Interest Expense, Income Taxes, Depreciation and Amortization, Impairment and Other Charges, Share-based Compensation, EBITDA from Closed Locations, Foreign Currency Exchange Loss (Gain), Asset Disposition Loss (Gain), Transactional and other advisory costs, System modernization costs, changes in the value of earnouts, and other.

The Company considers Same Store Revenue as an important financial measure because it provides comparable revenue for locations open for the entire duration of both the current and comparable measurement periods.

The Company considers Adjusted EBITDA as an important financial measure because it provides a financial measure of the quality of the Company’s earnings. Other companies may calculate Adjusted EBITDA differently than we do, which might limit its usefulness as a comparative measure. Adjusted EBITDA is used by management in addition to and in conjunction with the results presented in accordance with GAAP. We have presented Adjusted EBITDA solely as a supplemental disclosure because we believe it allows for a more complete analysis of results of operations and assists investors and analysts in comparing our operating performance across reporting periods on a consistent basis by excluding items that we do not believe are indicative of our core operating performance. Adjusted EBITDA has limitations as an analytical tool, and you should not consider it in isolation or as a substitute for analysis of our results as reported under GAAP.

GAAP Financial Information

Lucky Strike Entertainment Corporation

Consolidated Balance Sheets

(Amounts in thousands)

(Unaudited)

 

 

June 28, 2026

 

June 29, 2025

Assets

 

 

 

Current assets:

 

 

 

Cash and cash equivalents

$

39,360

 

$

59,686

Accounts and notes receivable, net

 

10,136

 

 

7,998

Inventories, net

 

16,314

 

 

15,500

Prepaid expenses and other current assets

 

37,356

 

 

29,366

Assets held-for-sale

 

756

 

 

Total current assets

 

103,922

 

 

112,550

 

 

 

 

Property and equipment, net

 

1,237,484

 

 

944,917

Operating lease right of use assets

 

514,731

 

 

588,594

Finance lease right of use assets, net

 

324,124

 

 

507,701

Intangible assets, net

 

50,604

 

 

45,562

Goodwill

 

887,823

 

 

844,351

Deferred income tax asset

 

62,225

 

 

67,919

Other assets

 

46,508

 

 

48,145

Total assets

$

3,227,421

 

$

3,159,739

 

 

 

 

Liabilities, Temporary Equity and Stockholders’ Deficit

 

 

 

Current liabilities:

 

 

 

Accounts payable and accrued expenses

$

154,261

 

$

145,188

Current maturities of long-term debt

 

9,543

 

 

10,162

Current obligations of operating lease liabilities

 

35,053

 

 

33,103

Earnout liability

 

2,163

 

 

Other current liabilities

 

5,955

 

 

5,932

Total current liabilities

 

206,975

 

 

194,385

 

 

 

 

Long-term debt, net

 

1,771,759

 

 

1,300,708

Long-term obligations of operating lease liabilities

 

541,360

 

 

606,692

Long-term obligations of finance lease liabilities

 

453,097

 

 

683,161

Long-term financing obligations

 

457,737

 

 

449,215

Earnout liability

 

 

 

36,183

Other long-term liabilities

 

55,854

 

 

56,307

Deferred income tax liabilities

 

4,440

 

 

4,434

Total liabilities

 

3,491,222

 

 

3,331,085

 

 

 

 

Commitments and Contingencies

 

 

 

 

June 28, 2026

 

June 29, 2025

Temporary Equity

 

 

 

Series A preferred stock

$

134,424

 

$

127,325

 

 

 

 

Stockholders’ Deficit

 

 

 

Class A common stock

 

13

 

 

12

Class B common stock

 

6

 

 

6

Additional paid-in capital

 

444,103

 

 

472,889

Treasury stock, at cost

 

(493,676)

 

 

(457,917)

Accumulated deficit

 

(348,958)

 

 

(313,181)

Accumulated other comprehensive income (loss)

 

287

 

 

(480)

Total stockholders’ deficit

 

(398,225)

 

 

(298,671)

Total liabilities, temporary equity and stockholders’ deficit

$

3,227,421

 

$

3,159,739

Lucky Strike Entertainment Corporation

Consolidated Statements of Operations

(Amounts in thousands)

(Unaudited)

 

 

Three Months Ended

 

Fiscal Year Ended

 

June 28, 2026

 

June 29, 2025

 

June 28, 2026

 

June 29, 2025

Revenues

 

 

 

 

 

 

 

Bowling

$

128,854

 

 

$

128,969

 

 

$

561,581

 

 

$

549,895

 

Food & beverage

 

103,843

 

 

 

104,821

 

 

 

431,066

 

 

 

424,214

 

Amusement & other

 

71,251

 

 

 

67,392

 

 

 

252,671

 

 

 

227,224

 

Total revenues

 

303,948

 

 

 

301,182

 

 

 

1,245,318

 

 

 

1,201,333

 

 

 

 

 

 

 

 

 

Costs and expenses

 

 

 

 

 

 

 

Location operating costs, excluding depreciation and amortization

 

103,976

 

 

 

114,083

 

 

 

401,193

 

 

 

375,573

 

Location payroll and benefit costs

 

77,029

 

 

 

70,202

 

 

 

310,950

 

 

 

284,131

 

Location food and beverage costs

 

23,841

 

 

 

23,171

 

 

 

96,557

 

 

 

94,553

 

Selling, general and administrative expenses, excluding depreciation and amortization

 

40,884

 

 

 

32,736

 

 

 

150,867

 

 

 

143,173

 

Depreciation and amortization

 

33,508

 

 

 

40,426

 

 

 

129,270

 

 

 

156,852

 

Loss on impairment and disposal of fixed assets, net

 

16,908

 

 

 

6,210

 

 

 

22,128

 

 

 

10,905

 

Other operating (income) expense, net

 

(1,792

)

 

 

(829

)

 

 

(2,441

)

 

 

(1,041

)

Total costs and expenses

 

294,354

 

 

 

285,999

 

 

 

1,108,524

 

 

 

1,064,146

 

 

 

 

 

 

 

 

 

Operating income

 

9,594

 

 

 

15,183

 

 

 

136,794

 

 

 

137,187

 

 

 

 

 

 

 

 

 

Other (income) expenses

 

 

 

 

 

 

 

Interest expense, net

 

51,089

 

 

 

49,492

 

 

 

205,342

 

 

 

196,371

 

Change in fair value of earnout liability

 

(2,847

)

 

 

(13,995

)

 

 

(34,033

)

 

 

(101,484

)

Other expense

 

5

 

 

 

 

 

 

4,939

 

 

 

817

 

Total other expense

 

48,247

 

 

 

35,497

 

 

 

176,248

 

 

 

95,704

 

 

 

 

 

 

 

 

 

(Loss) income before income tax (benefit) expense

 

(38,653

)

 

 

(20,314

)

 

 

(39,454

)

 

 

41,483

 

 

 

 

 

 

 

 

 

Income tax (benefit) expense

 

(12,479

)

 

 

54,402

 

 

 

(3,677

)

 

 

51,505

 

Net loss

$

(26,174

)

 

$

(74,716

)

 

$

(35,777

)

 

$

(10,022

)

Lucky Strike Entertainment Corporation

Consolidated Statements of Cash Flows

(Amounts in thousands)

(Unaudited)

 

 

Three Months Ended

 

Fiscal Year Ended

 

June 28, 2026

 

June 29, 2025

 

June 28, 2026

 

June 29, 2025

Net cash (used in) provided by operating activities

$

(11,957

)

 

$

22,454

 

 

$

103,896

 

 

$

177,221

 

Net cash used in investing activities

 

(23,583

)

 

 

(53,899

)

 

 

(453,265

)

 

 

(220,311

)

Net cash provided by financing activities

 

16,144

 

 

 

11,935

 

 

 

328,452

 

 

 

35,860

 

Effect of exchange rate changes on cash

 

102

 

 

 

108

 

 

 

591

 

 

 

(56

)

Net decrease in cash and cash equivalents

 

(19,294

)

 

 

(19,402

)

 

 

(20,326

)

 

 

(7,286

)

 

 

 

 

 

 

 

 

Cash and cash equivalents at beginning of period

 

58,654

 

 

 

79,088

 

 

 

59,686

 

 

 

66,972

 

 

 

 

 

 

 

 

 

Cash and cash equivalents at end of period

$

39,360

 

 

$

59,686

 

 

$

39,360

 

 

$

59,686

 

Balance Sheet and Liquidity

As of June 28, 2026 and June 29, 2025, our calculation of net debt was as follows:

(in thousands)

June 28, 2026

 

June 29, 2025

Cash and cash equivalents

$

39,360

 

$

59,686

Bank debt and loans

 

1,808,584

 

 

1,321,790

Net debt

$

1,769,224

 

$

1,262,104

As of June 28, 2026 and June 29, 2025, our cash on hand and revolving borrowing capacity was as follows:

(in thousands)

June 28, 2026

 

June 29, 2025

Cash and cash equivalents

$

39,360

 

 

$

59,686

 

Revolver Capacity

 

425,000

 

 

 

335,000

 

Amounts outstanding on Revolver

 

(100,000

)

 

 

(30,000

)

Revolver capacity committed to letters of credit

 

(24,122

)

 

 

(22,422

)

Total cash on hand and revolving borrowing capacity

$

340,238

 

 

$

342,264

 

GAAP to non-GAAP Reconciliations

 

 

Three Months Ended

 

Fiscal Year Ended

(in thousands)

 

June 28, 2026

 

June 29, 2025

 

June 28, 2026

 

June 29, 2025

Total Revenue – Reported

 

$303,948

 

$301,182

 

$1,245,318

 

$1,201,333

 

 

 

 

 

 

 

 

 

less: Service Fee Revenue

 

(456

)

 

(634

)

 

(2,090

)

 

(2,464

)

 

 

 

 

 

 

 

 

 

Revenue Excluding Service Fee Revenue

 

$303,492

 

$300,548

 

$1,243,228

 

$1,198,869

 

 

 

 

 

 

 

 

 

less: Non-Location Related (including Closed Locations)

 

(6,276

)

 

(9,303

)

 

(21,097

)

 

(31,802

)

 

 

 

 

 

 

 

 

 

Total Location Revenue

 

$297,216

 

$291,245

 

$1,222,131

 

$1,167,067

 

 

 

 

 

 

 

 

 

less: Acquired Revenue

 

(13,107

)

 

 

 

(107,125

)

 

(49,831

)

 

 

 

 

 

 

 

 

 

Same Store Revenue

 

$284,109

 

$291,245

 

$1,115,006

 

$1,117,236

 

 

 

 

 

 

 

 

 

% Year-over-Year Change

 

 

 

 

 

 

 

 

Total Revenue – Reported

 

 

 

0.9

%

 

 

 

3.7

%

Total Revenue excluding Service Fee Revenue

 

 

 

1.0

%

 

 

 

3.7

%

Total Location Revenue

 

 

 

2.1

%

 

 

 

4.7

%

Same Store Revenue

 

 

 

(2.5

)%

 

 

 

(0.2

)%

 

 

Adjusted EBITDA Reconciliation

 

 

Three Months Ended

 

Fiscal Year Ended

(in thousands)

 

June 28, 2026

 

June 29, 2025

 

June 28, 2026

 

June 29, 2025

Consolidated

 

 

 

 

 

 

 

 

Revenue

 

$303,948

 

$301,182

 

$1,245,318

 

$1,201,333

Net loss – GAAP

 

(26,174)

 

(74,716)

 

(35,777)

 

(10,022)

Net loss margin

 

(8.6)%

 

(24.8)%

 

(2.9)%

 

(0.8)%

Adjustments:

 

 

 

 

 

 

 

 

Interest expense

 

51,122

 

49,492

 

206,635

 

196,371

Income tax (benefit) expense

 

(12,479)

 

54,402

 

(3,677)

 

51,505

Depreciation and amortization

 

34,051

 

40,776

 

130,961

 

158,527

Loss on impairment, disposals, and other charges, net (1)

 

21,055

 

23,920

 

27,848

 

28,615

Share-based compensation

 

3,315

 

3,677

 

12,627

 

21,632

Closed location EBITDA (2)

 

1,384

 

(591)

 

3,599

 

3,054

Transactional and other advisory costs (3)

 

2,495

 

5,353

 

18,059

 

17,117

System modernization costs (4)

 

1,531

 

 

4,694

 

Changes in the value of earnouts (5)

 

(2,847)

 

(13,995)

 

(34,033)

 

(101,484)

Other, net (6)

 

618

 

409

 

2,272

 

2,372

Adjusted EBITDA

 

$74,071

 

$88,727

 

$333,208

 

$367,687

Adjusted EBITDA Margin

 

24.4%

 

29.5%

 

26.8%

 

30.6%

(1)

For the fiscal year and period ended June 29, 2025 reflects a change in estimate in our self-insurance reserves related to claims that occurred prior to the beginning of the fiscal year, which resulted in a non-cash self-insurance reserve adjustment of $17,710. Also includes non-cash expenses related to impairments, disposals, and asset write-offs.

(2)

The closed location adjustment is to remove EBITDA for closed locations. Closed locations are those locations that are closed for a variety of reasons, including permanent closure, newly acquired or built locations prior to opening, locations closed for renovation or rebranding and conversion. If a location is not open on the last day of the reporting period, it will be considered closed for that reporting period. If the location is closed on the first day of the reporting period for permanent closure, the location will be considered closed for that reporting period.

(3)

The adjustment for transaction costs and other advisory costs is to remove charges incurred in connection with any transaction, including mergers, acquisitions, refinancing, amendment or modification to indebtedness, and dispositions, in each case, regardless of whether consummated.

(4)

The adjustment for system modernization costs represents non-capitalizable third-party consulting, professional, and related costs incurred on discrete initiatives to modernize the Company’s technology platforms. They are incremental to, and not part of, the Company’s normal, recurring operating expenses. The adjustment excludes depreciation and amortization, recurring software subscription and licensing fees, and costs to operate, support, or maintain the platforms after the applicable initiatives are complete. For the fiscal year ended June 28, 2026, these costs related principally to a discrete initiative to modernize the Company’s customer relationship management (CRM) platform.

(5)

The adjustment for changes in the value of earnouts is to remove the impact of the revaluation of the earnouts. Changes in the fair value of the earnout liability are recognized in the statement of operations. Decreases in the liability will have a favorable impact on the statement of operations and increases in the liability will have an unfavorable impact.

(6)

Other includes the following related to transactions that do not represent ongoing or frequently recurring activities as part of the Company’s operations: (i) non-routine expenses, net of recoveries for matters outside the normal course of business, (ii) severance expense, and (iii) other individually de minimis expenses.

 

Lucky Strike Entertainment Corporation Investor Relations

[email protected]

KEYWORDS: Virginia United States North America

INDUSTRY KEYWORDS: Theme Parks Sports Bowling General Entertainment Entertainment

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U.S. Physical Therapy Presented at the 17th Annual Midwest Ideas Conference

U.S. Physical Therapy Presented at the 17th Annual Midwest Ideas Conference

HOUSTON–(BUSINESS WIRE)–
U.S. Physical Therapy, Inc. (“USPH” or the “Company”) (NYSE, NYSE Texas: USPH), a national operator of outpatient physical therapy clinics and provider of industrial injury prevention services, today announced that Chris Reading, Chairman and Chief Executive Officer, presented at the 17th Annual Midwest Ideas Conference held on August 26, 2026. The presentation included a discussion of the overall operating environment in healthcare, the Company’s key initiatives and a broad overview of opportunities.

About U.S. Physical Therapy, Inc.

Founded in 1990, U.S. Physical Therapy, Inc. owns and/or manages 798 outpatient physical therapy locations in 45 states. USPH clinics provide preventative and post-operative care for a variety of orthopedic-related disorders and sports-related injuries, treatment for neurologically-related injuries and rehabilitation of injured workers. USPH also has an industrial injury prevention business which provides onsite services for clients’ employees including injury prevention and rehabilitation, performance optimization, post-offer employment testing, functional capacity evaluations, and ergonomic assessments.

More information about U.S. Physical Therapy, Inc. is available at www.usph.com. The information included on that website is not incorporated into this press release.

U.S. Physical Therapy, Inc.

Jason Curtis, Interim Chief Financial Officer

Email: [email protected]

Chris Reading, Chief Executive Officer

(713) 297-7000

Three Part Advisors

Joe Noyons

(817) 778-8424

KEYWORDS: Texas United States North America

INDUSTRY KEYWORDS: General Health Health Physical Therapy

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Wiley Schedules First Quarter Fiscal 2027 Earnings Release and Conference Call

Wiley Schedules First Quarter Fiscal 2027 Earnings Release and Conference Call

HOBOKEN, N.J.–(BUSINESS WIRE)–
Wiley (NYSE: WLY), a global leader in authoritative content and research intelligence for the advancement of scientific discovery, innovation, and learning, will release its first quarter fiscal 2027 results prior to market open on Thursday, September 3, 2026. The Company has scheduled a conference call that day beginning at 10am ET to discuss the results.

ABOUT WILEY

Wiley (NYSE: WLY) is a global leader in authoritative content and research intelligence for the advancement of scientific discovery, innovation, and learning. With more than 200 years at the center of the scholarly ecosystem, Wiley combines trusted publishing heritage with AI-powered platforms to transform how knowledge is discovered, accessed, and applied. From individual researchers and students to Fortune 500 R&D teams, Wiley enables the transformation of scientific breakthroughs into real-world impact. From knowledge to impact—Wiley is redefining what’s possible in science and learning. Visit us at Wiley.com and Investors.Wiley.com. Follow us on Facebook, X, LinkedIn and Instagram.

Investor Contact:

Brian Campbell

(201) 748-6874

[email protected]

KEYWORDS: New Jersey United States North America

INDUSTRY KEYWORDS: Education Communications Other Education Research Publishing Science

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Velocity Enters into Agreements to Acquire Toorak’s Operating Platform and Manage Toorak’s $3 Billion Business-Purpose Loan Portfolio

Velocity Enters into Agreements to Acquire Toorak’s Operating Platform and Manage Toorak’s $3 Billion Business-Purpose Loan Portfolio

The acquisition materially scales Velocity’s platform and adds a capital-light, high-return, fee-based business with diversified origination channels and product suite

WESTLAKE VILLAGE, Calif.–(BUSINESS WIRE)–
Velocity Financial, Inc. (NYSE: VEL; “Velocity” or the “Company”) today announced a definitive agreement to acquire the operating platform of Toorak Capital LLC (“Toorak”), a business-purpose lending and asset management platform which is majority owned by funds advised by affiliates of KKR, a leading global investment firm. Toorak has also entered into separate agreements with a third-party investment firm for the purchase of Toorak’s existing portfolio of business-purpose loans (“BPL”) totaling approximately $3 billion in unpaid principal balance across whole loans and loans held in Toorak Mortgage Trust and TRK Trust securitizations.

In connection with the closing of the transactions, Velocity will also enter into an agreement with the third-party investment firm to manage the portfolio acquired from Toorak, as well as agreements to sell future Toorak loan production to the third-party investment firm and other counterparties.

The total value of the platform and portfolio transactions is estimated at approximately $3.2 billion based on Toorak’s consolidated balance sheet as of June 30, 2026.

Toorak provides real estate investors with the capital required to buy, renovate and/or rent residential properties. Since its inception in 2016, Toorak has funded over $20 billion in cumulative volume across almost 43,000 loans. Toorak’s BPL products include short-term single-family and multifamily residential transition loans (“RTL”), ground-up construction loans and long-term rental property loans (debt service coverage ratio or “DSCR” loans) secured by residential properties. Toorak has established a competitive position driven by its differentiated, AI-powered omnichannel asset sourcing and asset management platform, comprehensive product suite, industry-leading securitization program (including the first-ever rated RTL securitization), and established presence across the United States and United Kingdom markets.

The Toorak acquisition delivers compelling strategic and financial value to Velocity, including:

  • Meaningfully enhancing the scale of its origination (+76%) and servicing (+39%) platform

  • Broadening and diversifying lending business by significantly expanding the RTL and DSCR products and adding a direct retail origination channel

  • Expanding market reach into the United Kingdom

  • Increasing earnings and return on equity (“ROE”) contribution from fee-based revenue streams (origination-related and servicing / asset management fees) through forward loan sale agreements to support the transition of the Toorak platform to a primarily capital-light operating model

Velocity expects the transactions to be accretive to GAAP earnings in 2027, generate an attractive ROE, and further position the Company for sustained growth and long-term shareholder value creation.

“This acquisition reflects our commitment to scaling responsibly and deepening our presence in segments where we see durable, long-term demand,” said Chris Farrar, Co-Founder and Chief Executive Officer of Velocity. “Toorak’s exceptional team and platform are highly complementary to what we’ve built, and together we’re positioned to serve a broader set of borrowers and capital partners with greater speed and efficiency. We are thrilled to partner with the highly skilled team of professionals at Toorak.”

“When we founded Toorak in 2016, our thesis was that residential real estate investors were underserved by institutional capital. Over $20 billion in loans later, that thesis has been proven. Partnering with Velocity lets us pursue the opportunity at even greater scale,” said John Beacham, Founder and Chief Executive Officer of Toorak. “Our team will continue doing what it does best — serving our borrowers and lending partners with a consistent standard of excellence. I want to thank KKR for a decade of partnership and thank our employees, whose work made this outcome possible.”

“John and the Toorak team have built an impressive platform that has meaningfully improved financing options for the real estate mortgage market over the past decade,” said Avi Korn and Chris Mellia, Global Co-Heads of Asset-Based Finance at KKR. “We are pleased to have supported their growth through our Asset-Based Finance strategy and are confident that Velocity will be a strong partner to Toorak going forward.”

Transaction Details

The acquisition by Velocity is structured as a 100% cash purchase of Toorak’s operating platform, including three distinct business lines: (i) Merchants Mortgage & Trust Corporation (“Merchants”); (ii) Toorak’s U.S. direct origination business; and (iii) Toorak’s lending operations in the United States and the United Kingdom.

Globally, Toorak has approximately 280 employees as of June 30, 2026, including approximately 120 employees of Merchants. The Company expects the acquisition to close in the fourth quarter of 2026, subject to the satisfaction of customary closing conditions.

Following the consummation of the transactions, Toorak will maintain its existing brands across its respective lending segments, including the Merchants brand, and will continue to be led by Founder and Chief Executive Officer John Beacham and the current management team and retain its corporate headquarters in Tampa, Florida. Upon closing, Mr. Beacham will become an Executive Vice President of Velocity Commercial Capital, LLC and Toorak will become a subsidiary of Velocity Commercial Capital, with its operations reflected in the Company’s consolidated financial statements.

Conference Call

Velocity’s executive management team will host a conference call and webcast on August 27, 2026, at 5:30 a.m. Pacific Time / 8:30 a.m. Eastern Time to discuss the acquisition. The conference call will be webcast live and can be accessed through the Events and Presentations section of the Velocity Financial Investor Relations website: https://www.velfinance.com/events-and-presentations.

To participate by phone, please dial-in 15 minutes prior to the start time to allow for wait time to access the conference call. The live conference call will be accessible by dialing 1-646-307-1963 in the U.S. and for international callers. Callers should use the conference ID 5566224 to join the call..

Advisors

Barclays Capital Inc. served as exclusive financial advisor to Velocity and Piper Sandler & Co. served as exclusive financial advisor to Toorak and KKR. Simpson Thacher & Bartlett LLP and Morgan, Lewis & Bockius LLP served as legal counsel to Velocity and Dechert LLP served as legal counsel to Toorak and KKR.

About Velocity

Based in Westlake Village, California, Velocity is a vertically integrated real estate finance company that primarily originates and manages business-purpose loans secured by 1-4 unit residential rental and small commercial properties. Velocity originates loans nationwide across an extensive network of independent mortgage brokers built and refined over 22 years.

About Toorak

Founded in 2016 with backing from KKR, Toorak Capital LLC is a business-purpose lending and asset management platform focused on residential real estate investors across the United States and United Kingdom markets. The platform offers a range of lending solutions including RTL, ground-up construction and DSCR loan products and has funded over $20 billion of cumulative volume across almost 43,000 loans since inception.

Forward-Looking Statements

This press release contains certain “forward-looking statements” within the meaning of Section 27A of the Securities Act, as amended and Section 21E of the Exchange Act, as amended, including, but not limited to, statements that relate to the anticipated benefits of the transactions and the expected synergies from the transactions. Forward-looking statements are subject to known and unknown risks and uncertainties, many of which may be beyond Velocity Financial Inc.’s (the “Company,” “we,” “us” or “our”) control. The Company cautions that the forward-looking information contained in this press release is not a guarantee of future events, and that actual events and results may differ materially from those made in, or suggested by, the forward-looking information contained in this press release. In addition, forward-looking statements generally can be identified by the use of forward-looking terminology such as “may,” “plan,” “will,” “expect,” “intend,” “estimate,” “anticipate,” “believe,” or “continue,” or the negative thereof, or variations thereon, or similar terminology.

A number of important factors could cause actual events and results to differ materially from those contained in or implied by the forward-looking statements, including, but not limited to: (i) the risk that the proposed transactions described in this press release may not be completed in a timely manner or at all, which may adversely affect our business; (ii) the failure to satisfy any of the conditions to the consummation of the proposed transactions, including the receipt of certain regulatory approvals; (iii) the occurrence of any event, change, or circumstance that could give rise to the termination of the proposed transactions; (iv) the effect of the announcement of the proposed transactions on the Company’s business relationships, operating results, and business generally; (v) unexpected costs, charges, or expenses resulting from the proposed transactions; and (vi) other risks described in the risk factors set forth in the Company’s filings with the SEC, including the most recent Annual Report on Form 10-K, filed with the SEC on March 12, 2026 and Quarterly Report on Form 10-Q filed with the SEC on August 6, 2026.

Any forward-looking information presented herein is made only as of the date of this press release. Except as required by applicable law, the Company does not undertake any obligation to update or revise any forward-looking information to reflect changes in assumptions, the occurrence of unanticipated events, or otherwise.

Investors and Media:

Chris Oltmann

(818) 532-3708

KEYWORDS: California Europe United States United Kingdom North America

INDUSTRY KEYWORDS: Commercial Building & Real Estate Construction & Property Finance Banking Business Professional Services Asset Management Other Construction & Property Residential Building & Real Estate

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VENU to Host 2026 Annual Meeting of Shareholders

VENU to Host 2026 Annual Meeting of Shareholders

Virtual Meeting Set for September 23, 2026

COLORADO SPRINGS, Colo.–(BUSINESS WIRE)–Venu Holding Corporation (“VENU” or the “Company”) (NYSE AMERICAN: VENU), an owner, operator, and developer of premium live entertainment destinations, today announced it will hold its 2026 Annual Meeting of Shareholders (“Annual Meeting”) virtually on Wednesday, September 23, 2026.

Event Details

Date: Wednesday, September 23, 2026

Time: 9:30 AM MT

Location: Virtual

The proxy materials for the virtual Annual Meeting, which includes the Proxy Statement, are available at the following website: www.vote.colonialstock.com/VENU2026, and those materials include instructions for shareholders of record on how to attend the virtual meeting and vote their shares.

Shareholders are encouraged to register early and submit any questions regarding proxy voting items to the Company’s transfer agent at [email protected]. Pre-submitted questions will be accepted until 8:30 AM MT on Wednesday, September 23, 2026, and will be compiled, and the Company intends to address questions during the live Annual Meeting webcast.

Annual Meeting Proposals and Voting

Shareholders of record as of the close of business on July 27, 2026, are entitled to participate in the Annual Meeting. The Company’s Definitive Proxy Statement, filed with the Securities and Exchange Commission on August 21, 2026, outlines the formal proposals to be considered at the Annual Meeting. VENU began mailing a full set of the proxy materials to shareholders of record on or about August 26, 2026. Those materials include instructions on how to attend the Annual Meeting virtually and how to vote online, by phone, or by mail, as well as information about the proposals to be voted on at the Annual Meeting. Shareholders who hold their shares in “street name” will have their shares voted by their broker or nominee in accordance with instructions provided prior to the Annual Meeting.

About Venu Holding Corporation

Venu Holding Corporation (“VENU”) (NYSE American: VENU) is a premier owner, developer, and operator of luxury, experience-driven entertainment destinations. Founded by Colorado Springs entrepreneur J.W. Roth, VENU® has a portfolio of premium brands that includes Ford Amphitheater, Sunset Amphitheaters, Phil Long Music Hall, The Hall at Bourbon Brothers, Bourbon Brothers Smokehouse and Tavern, Aikman Owners Clubs, and Roth’s Sea & Steak. With venues operating and in development across Colorado, Georgia, Oklahoma, Tennessee, and Texas and a nationwide expansion underway, VENU is setting a new standard for live entertainment.

VENU has been recognized nationally by The Wall Street Journal, Forbes, The New York Times, Billboard, VenuesNow, and Variety for its innovative and disruptive approach to live entertainment. Through strategic partnerships with industry leaders such as AEG Presents, NFL Hall of Famer and Founder of EIGHT Elite Light Beer, Troy Aikman, Aramark Sports + Entertainment, Tixr, Niall Horan, and Dierks Bentley, VENU continues to shape the future of the entertainment landscape. For more information, visit VENU’s website, Instagram, LinkedIn, or X.

Forward Looking Statements

Certain statements in this press release constitute “forward-looking statements” within the meaning of the federal securities laws. Words such as “may,” “might,” “will,” “should,” “believe,” “expect,” “anticipate,” “estimate,” “continue,” “predict,” “forecast,” “project,” “plan,” “intend” or similar expressions, or statements regarding intent, belief, or current expectations, are forward-looking statements. While Venu believes these forward-looking statements are reasonable, undue reliance should not be placed on any such forward-looking statements, which are based on information available to us on the date of this release. These forward-looking statements are based upon current estimates and assumptions and are subject to various risks and uncertainties, including without limitation those set forth in the company’s filings with the SEC, including, but not limited to Risk Factors relating to its business contained therein. Thus, actual results could be materially different. Venu expressly disclaims any obligation to update or alter statements whether because of new information, future events or otherwise, except as required by law.

Contact

Investor Relations

Sarah Rothschild, [email protected]

Media Relations

Chloe Polhamus, [email protected]

RedChip

Michael Serrano, [email protected]

KEYWORDS: Colorado United States North America

INDUSTRY KEYWORDS: Entertainment Retail Restaurant/Bar Music Commercial Building & Real Estate Events/Concerts Construction & Property

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