Market Newsdesk

June 23, 2026 7:27 pm

UPDATE – General Fusion Achieves Compressional Plasma Heating with LM26 Magnetized Target Fusion Machine

The results, submitted for peer review and publicly available, demonstrate significant progress toward key 1 keV electron temperature milestone

VANCOUVER, British Columbia, June 23, 2026 (GLOBE NEWSWIRE) — General Fusion Inc. (“General Fusion” or the “Company”), a leader in the global race to commercialize fusion energy, has achieved significant progress toward its next major technical milestone with its innovative large-scale Magnetized Target Fusion (“MTF”) machine, Lawson Machine 26 (“LM26”). The results show meaningful plasma heating to electron temperatures of approximately 8.4 million degrees Celsius or 0.72 keV, driven by the compression of a plasma with a lithium liner. This is a key indicator of success for the Company’s uniquely practical approach to fusion energy. General Fusion previously announced its plans to go public through a business combination (the transactions contemplated by the business combination, collectively, the “Proposed Business Combination”) with Spring Valley Acquisition Corp. III (NASDAQ: SVAC) (“SVAC”).

These results are detailed in a technical paper being concurrently posted on General Fusion’s website and submitted for peer review.

LM26 is the first MTF demonstration machine to be built at a commercially relevant scale, and it mechanically compresses plasma with a lithium liner. The Company’s next major targeted milestone with LM26 is 1 keV electron temperature.

Since it started operating in 2025, LM26 has completed a series of plasma compressions with results that advance the Company’s groundbreaking technology. These results, detailed in the technical paper, include:

Electron temperature of approximately 8.4 million degrees Celsius (0.72 keV +/- 0.08), which represents a more than 3 times increase in electron temperature during mechanical compression, largely due to plasma compressional heating. This is believed to be a unique result for General Fusion’s practical MTF approach, which uses a plasma solely heated by mechanical compression after it is formed. These results are supported by multiple diagnostics, including Thomson scattering and Absolute Extreme Ultraviolet (AXUV) systems.
Significant plasma density and poloidal magnetic field increases during compression, both to 10 times starting values; these increases are similar to or better than results achieved in prior General Fusion test beds and at significantly larger scale.
Plasma stability until deep into compression.
No significant plasma contamination by the lithium liner during the stable compression phase.
Observed increase in neutron yield during compression.

The Company believes these results validate the operating principles of the LM26 machine and lay the foundation for planned increases in starting plasma parameters that are expected to enable the mechanical compression of plasma to increasingly higher densities and temperatures. While these preliminary results undergo peer review for potential scientific journal publication, the Company intends to continue optimizing LM26 performance toward achieving 1 keV electron temperature, its first major targeted milestone.

“We are forging a new path in fusion with our uniquely practical MTF approach. The results announced today are all key indicators of real-world progress toward our targeted technical milestones with LM26,” said Greg Twinney, Chief Executive Officer at General Fusion. “I am grateful to our team for their unwavering dedication and expertise, as well as our collaborators at the UK Atomic Energy Authority, Princeton Plasma Physics Laboratory, General Atomics, and others who have supported our diagnostic efforts with LM26.”

“The LM26 experiments have delivered an important validation of General Fusion’s Magnetized Target Fusion approach,” said Tony Donné, Chair of General Fusion’s Science and Technology Advisory Committee and former Chief Executive Officer of EUROfusion. “The observed increases in magnetic field, plasma density, and electron temperature during compression demonstrate substantial technical progress and are consistent with the expected behavior from modelling and simulations. The agreement between experiment and theory is particularly encouraging, as it provides confidence that the planned machine upgrades will enable access to even more demanding plasma conditions and bring the technology closer to its next major milestones.”

General Fusion previously announced execution of a business combination agreement with Spring Valley Acquisition Corp. III (“Spring Valley” or “SVAC”) (the “Proposed Business Combination”). At the closing of the Proposed Business Combination, Spring Valley will be renamed “General Fusion Group Ltd.,” and the combined company’s shares and warrants are expected to trade on Nasdaq under the ticker symbols “GFUZ” and “GFUZW,” respectively, subject to approval of its listing application. Spring Valley set a meeting date of July 6, 2026, for its extraordinary general meeting of shareholders to approve the Proposed Business Combination. If the Spring Valley and General Fusion securityholders vote to approve the Proposed Business Combination, the transaction is expected to close shortly thereafter, subject to the satisfaction of customary closing conditions.

Quick Facts:

General Fusion’s Magnetized Target Fusion (“MTF”) is designed to solve significant barriers to commercializing fusion energy at a time when electricity demand is surging, and nations around the world are racing to commercialize fusion power.
As a technology, MTF aims to achieve fusion in a practical way, avoiding superconducting magnets and high-powered lasers, while enabling the use of existing materials for durable machines that would produce cost-effective energy.
In early 2025, General Fusion announced that it had designed, built, and begun operating its Lawson Machine 26 (“LM26”) fusion demonstration machine in under two years. LM26 is the first MTF demonstration machine to be built at a commercially relevant scale. It mechanically compresses plasma with a lithium liner at 50% commercial-scale diameter, based on current design parameters.
LM26 aims to achieve key fusion technical milestones: plasma heating to 1 keV (10 million degrees Celsius), then 10 keV (100 million degrees Celsius), and ultimately the Lawson criterion, the combination of fusion parameters that can produce net fusion energy in the plasma.

About General Fusion

General Fusion is pursuing a fast and practical approach to commercial fusion energy and is headquartered in Vancouver, Canada. The Company was established in 2002 and has been funded by a global syndicate of leading energy venture capital firms, industry leaders, and technology pioneers. Learn more at www.generalfusion.com.

About Spring Valley Acquisition Corp. III

Spring Valley is a part of a family of investment vehicles formed for the purpose of acquiring or merging with a business focused on the Power Infrastructure and Decarbonization sectors. Over the past five years, Spring Valley vehicles have raised $920 million in four IPOs. Spring Valley completed a business combination with NuScale Power Corporation, a leading U.S. small modular reactor technology company, and Spring Valley II completed a business combination with Eagle Nuclear Energy Corp., a next-generation nuclear energy company with rights to the largest open pit-constrained measured and indicated uranium deposit in the United States. SVAC maintains a corporate website at https://sv-ac.com.

Cautionary Note Regarding Forward-Looking Statements

Certain statements included in this document are not historical facts but are forward-looking statements for purposes of the safe harbor provisions under the United States Private Securities Litigation Reform Act of 1995. All statements other than statements of historical facts contained in this document are forward-looking statements.

Any statements that refer to projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, are also forward-looking statements. In some cases, you can identify forward-looking statements by words such as “estimate,” “plan,” “project,” “forecast,” “intend,” “expect,” “anticipate,” “believe,” “seek,” “strategy,” “future,” “opportunity,” “may,” “target,” “should,” “will,” “would,” “will be,” “will continue,” “will likely result,” “preliminary,” or similar expressions that predict or indicate future events or trends or that are not statements of historical matters, but the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements include, without limitation, statements regarding (i) the significance of the scientific results announced herein; (ii) the possibility that the Company will
achieve its targeted milestones, including 1 keV plasma heating; (iii) the closing of the Proposed Business Combination; (iv)
SVAC’s, General Fusion’s, or their respective management teams’ expectations concerning General Fusion’s plan to go public through the Proposed Business Combination and expected benefits or timing thereof; (v) the outlook for General Fusion’s business, including its ability to commercialize MTF or any other fusion technology on its expected timeline or at all; and (vi) statements regarding the current and expected results of General Fusion’s LM26 program; as well as any information concerning possible or assumed future results of operations of General Fusion.

The forward-looking statements are based on the current expectations of the management team of each of SVAC and General Fusion, as applicable, and are inherently subject to uncertainties and changes in circumstance and their potential effects. There can be no assurance that future developments will be those that have been anticipated. These forward-looking statements involve a number of risks, uncertainties, or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements. These risks and uncertainties include, but are not limited to: the risk that the results disclosed herein are not accepted or validated by the scientific community; the risk that the peer review process does not substantiate the results described in this document; the risk that these results are not successfully repeated on a larger scale; the risk that the scientific and technical assumptions underlying the results described herein prove to be incorrect; the risk that the results disclosed herein do not prove to be as significant to the operation of LM26 as expected; the risk that the Proposed Business Combination may not be completed in a timely manner or at all, which may adversely affect the price of SVAC’s securities; the risk that the conditions to the consummation of the Proposed Business Combination, including the adoption of the business combination agreement, dated January 21, 2026, among General Fusion, SVAC, and the other party thereto (as amended the “Business Combination Agreement”) by the shareholders of SVAC and General Fusion and the receipt of regulatory approvals are not satisfied or waived; the risk that there occurs any event, change or other circumstance that could give rise to the termination of the Business Combination Agreement; the risk that the announcement or pendency of the Proposed Business Combination has a negative effect on General Fusion’s business relationships, performance, and business generally; the risk that the Proposed Business Combination disrupts current plans of General Fusion and potential difficulties in its employee retention as a result of the Proposed Business Combination; the risk of legal proceedings against General Fusion or SVAC related to the Proposed Business Combination; the risk that the anticipated benefits of the Proposed Business Combination are not realized; the risk that the combined entity is unable to maintain the listing of SVAC’s securities or to meet listing requirements and maintain the listing of the combined company’s securities on Nasdaq; the risk that the Proposed Business Combination may not be completed by SVAC’s business combination deadline and the potential failure to obtain an extension of the business combination deadline if sought by SVAC; the risk that the price of the combined entity’s securities may be volatile due to a variety of factors, including changes in laws, regulations, technologies, natural disasters, national security tensions, and macro-economic and social environments affecting its business; the risk of changes in the laws and regulations governing General Fusion’s research and development activities; the risk that General Fusion fails to commercialize MTF on the expected timeline or at all, including any failure to achieve the objectives of the LM26 program; the risk of the effects of climate change, extreme weather events, water scarcity, and seismic events, and that strategies to deal with these issues are not effective; the risk of fluctuations in currency markets; the risk that General Fusion is unable to complete and successfully integrate any future acquisitions; the risk of increased competition in the fusion industry; the risk of supply chain disruptions and that materials are in limited supply; and the risk that the proposed private placement of convertible preferred shares and warrants by General Fusion (the “PIPE Financing”) may not be completed, or that other capital needed by the combined company may not be raised on favorable terms, or at all, including as a result of the restrictions agreed to in connection with the PIPE Financing. (The foregoing list is not exhaustive, and there may be additional risks that neither General Fusion nor SVAC presently know or that SVAC and General Fusion currently believes are immaterial. You should carefully consider the foregoing factors, any other factors discussed in this document and
in the other filings and potential filings by General Fusion, SVAC, or the combined company resulting from the proposed transaction with the U.S. Securities and Exchange Commission (the “SEC”), including those
described under the heading the “Risk Factors.”

General Fusion and SVAC caution you against placing undue reliance on forward-looking statements, which reflect current beliefs and are based on information currently available as of the date a forward-looking statement is made. Forward-looking statements set forth in this document speak only as of the date of this document. Neither General Fusion nor SVAC undertakes any obligation to revise forward-looking statements to reflect future events, changes in circumstances, or changes in beliefs, except as required by applicable securities laws. In the event that any forward-looking statement is updated, no inference should be made that General Fusion or SVAC will make additional updates with respect to that statement, related matters, or any other forward-looking statements.

Important Information for Investors and Shareholders

In connection with the Proposed Business Combination, General Fusion and SVAC jointly filed with the SEC a registration statement on Form F-4 (the “Registration Statement”)
which includes a preliminary prospectus with respect to SVAC’s securities to be issued in connection with the Proposed Business Combination and a preliminary proxy statement in connection with SVAC’s solicitation of proxies for the vote by SVAC’s shareholders with respect to the Proposed Business Combination and other matters described in the Registration Statement. On June 12, 2026, the SEC declared the Registration Statement effective and SVAC filed the definitive proxy statement (the “Proxy Statement”) with the SEC. SVAC mailed copies of the Proxy Statement to SVAC’s shareholders as of the record date of June 12, 2026. Before making any investment or voting decision, investors and security holders of SVAC and General Fusion are urged to read the Registration Statement and the Proxy Statement, and any amendments or supplements thereto, as well as all other relevant materials filed or that will be filed with the SEC in connection with the Proposed Business Combination as they become available because they will contain important information about General Fusion, SVAC and the Proposed Business Combination. Investors and security holders are able to obtain free copies of the Registration Statement, the Proxy Statement and all other relevant documents filed or that will be filed with the SEC by SVAC through the website maintained by the SEC at

www.sec.gov

. In addition, the documents filed by SVAC may be obtained free of charge from SVAC’s website at

https://sv-ac.com

or by directing a request to Spring Valley Acquisition Corp. III, Attn: Corporate Secretary, 2100 McKinney Avenue, Suite 1675, Dallas, Texas 75201. The information contained on, or that may be accessed through, the websites referenced in this document is not incorporated by reference into, and is not a part of, this document.

Participants in the Solicitation

General Fusion, SVAC and their respective directors, executive officers and other members of management and employees may, under the rules of the SEC, be deemed to be participants in the solicitations of proxies from SVAC’s shareholders in connection with the Proposed Business Combination. For more information about the names, affiliations and interests of SVAC’s directors and executive officers, please refer to the Final Prospectus and the Registration Statement, Proxy Statement and other relevant materials filed or to be filed with the SEC in connection with the Proposed Business Combination when they become available. Shareholders, potential investors and other interested persons should read the Registration Statement and the Proxy Statement carefully before making any voting or investment decisions. You may obtain free copies of these documents from the sources indicated above.

No Offer or Solicitation

This document shall not constitute a “solicitation” as defined in Section 14 of the Securities Exchange Act of 1934, as amended. This document shall not constitute an offer to sell or exchange, the solicitation of an offer to buy or a recommendation to purchase, any securities, or a solicitation of any vote, consent or approval, nor shall there be any sale, issuance or transfer of securities in any jurisdiction in which such offer, solicitation or sale may be unlawful under the laws of such jurisdiction. No offering of securities in the Proposed Business Combination shall be made except by means of a prospectus meeting the requirements of the Securities Act of 1933, as amended, or an exemption therefrom.

Investor Relations Contact:

You can contact General Fusion’s Investor Relations team by email at: [email protected].

If you are based in North America, you may also leave a toll-free voicemail at +1 (833) 717-1519. Callers outside North America can reach us at +1 (236) 253-6968.

Media Relations Contact:

[email protected]

1-866-904-0995

June 23, 2026 7:08 pm

EagleRock Announces Filing of Quarterly Report on Form 10-Q

EagleRock Announces Filing of Quarterly Report on Form 10-Q

HOUSTON–(BUSINESS WIRE)–
EagleRock Land, LLC (“EagleRock” or the “Company”) (NYSE: EROK) today filed its Quarterly Report on Form 10-Q for the quarter ended March 31, 2026 (the “Quarterly Report”) with the U.S. Securities and Exchange Commission (the “SEC”).

Highlights:

Completed Initial Public Offering (“IPO”) of EagleRock Land on May 15, 2026
Repaid the Predecessor credit facility of approximately $269 million
Strong operational and financial performance in line with Company expectations
Robust liquidity of over $200 million and no outstanding debt provides substantial capacity to pursue attractive organic and inorganic opportunities.
Expect to file its unaudited pro forma financial statements for the three months ended March 31, 2026 by July 31, 2026

On May 15, 2026, EagleRock completed the initial public offering of its Class A shares representing limited liability company interests and certain contribution and reorganization transactions associated therewith (the “Transactions”). Since EagleRock completed its IPO after the period covered by the Quarterly Report, the Quarterly Report primarily presents the financial statements and related results of EagleRock’s accounting predecessor, Lea & Eddy Holdings, LLC (the “Predecessor”), for the three months ended March 31, 2026. Accordingly, the Quarterly Report does not include financial statements of the entities acquired by the Company in the Transactions and does not provide pro forma results for the Company.

As previously disclosed, EagleRock will file its unaudited pro forma financial statements for the three months ended March 31, 2026, reflecting the consummation of the IPO and the Transactions (the “Pro Forma Financial Statements”), by July 31, 2026. EagleRock expects to provide customary earnings information and host its inaugural quarterly conference call to discuss its financial and operating results beginning with the reporting cycle for the second quarter of 2026.

Preliminary Pro Forma First Quarter Results

The preliminary financial information presented below was previously disclosed in the Company’s final prospectus filed with the SEC on May 14, 2026 in connection with the IPO (the “Prospectus”), and continues to reflect EagleRock’s estimated pro forma financial results for the three months ended March 31, 2026.

	Pro Forma⁽¹⁾
	Three Months Ended March 31, 2026
(in thousands)	Low		High
Revenue	$	29,551	$	36,117
Net income	$	13,263	$	16,211
Adjusted EBITDA⁽²⁾	$	25,745	$	31,467

(1)

The unaudited preliminary financial information presents the historical financial data of the Predecessor for the period presented, as adjusted to give effect to (i) the exclusion of certain assets and liabilities of the Predecessor that were not conveyed to the Company in connection with the IPO and (ii) the Transactions, each of which is more fully described in the Prospectus, as if such transactions had occurred on January 1, 2025.

(2)

Non-GAAP financial measure. See “Non-GAAP Financial Measures” for a discussion of this metric and a reconciliation to EagleRock’s most directly comparable financial measure calculated and presented in accordance with GAAP.

This release includes ranges for these preliminary financial results because the Pro Forma Financial Statements are not yet available. These estimated ranges are preliminary and unaudited and are thus inherently uncertain and subject to change. In addition, these ranges are based on the information available to the Company as of the date of this release and may not be indicative of its actual results or the results to be achieved as of any future date or for any future period. However, based on the Company’s performance to date and current expectations, management believes the Company remains on track relative to its full-year financial expectations.

EagleRock Credit Facility

On June 3, 2026, EagleRock repaid the entire balance of the Predecessor’s credit facility of approximately $269 million that was assumed by the Company in connection with the IPO. On June 8, 2026, following the repayment and termination of the Predecessor’s credit facility, EagleRock’s credit agreement with its syndicate of leading financial institutions became effective. EagleRock’s revolving credit facility provides access to up to $200.0 million, including the ability to request an increase of up to an additional $100.0 million. As of the date of this release, the Company has no borrowings outstanding under its credit facility. The new facility provides the Company with additional financial flexibility and liquidity to support its ongoing operations, strategic initiatives and long-term growth objectives.

About EagleRock

EagleRock is a land management company that owns or controls approximately 236,000 acres in the heart of the Delaware and Midland sub-basins within the prolific Permian Basin. In addition, EagleRock has an interest in up to approximately 70,000 acres pursuant to an acreage dedication related to its Midland Basin water infrastructure assets. Its acreage is vital to the efficient development of oil and natural gas resources in the Permian Basin and is strategically located to support the growing surface, resource, infrastructure and related commercial development needs of the power and other emerging industries in the Permian Basin.

Cautionary Statement Concerning Forward-Looking Statements

This press release contains forward-looking statements. Forward-looking statements include all statements that are not historical facts. The words “anticipate,” “assume,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “future,” “will,” “seek,” “foreseeable,” the negative version of these words, or similar terms and phrases are intended to identify forward-looking statements. These forward-looking statements include statements regarding the Company’s preliminary pro forma results for the three months ended March 31, 2026. The preliminary financial information presented in this release are estimates based on information available to management as of the date of this release, have not been reviewed or audited by EagleRock’s independent registered public accounting firm, and are subject to change. There can be no assurance that EagleRock’s actual results will not differ from the preliminary financial information presented in this release. The preliminary financial information presented in this release should not be viewed as a substitute for full financial statements prepared in accordance with Article 11 of Regulation S-X.

Any forward-looking statement speaks only as of the date on which it is made, and, except as required by law, EagleRock does not undertake any obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. New factors emerge from time to time, and it is not possible for EagleRock to predict all such factors. When considering these forward-looking statements, you should keep in mind the risk factors and other cautionary statements in the Prospectus and the other reports and material EagleRock files with the SEC. The risk factors and other factors noted in the Prospectus could cause the Company’s actual results to differ materially from those contained in any forward-looking statement.

Non-GAAP Financial Measures

EagleRock defines Adjusted EBITDA as net income (loss) minus interest, taxes, depreciation, amortization, depletion and accretion, which it refers to as “EBITDA” and from which it further deducts share-based compensation, non-recurring transaction-related expenses and other non-cash or non-recurring expenses. The Company defines Adjusted EBITDA Margin as Adjusted EBITDA divided by total revenues.

Adjusted EBITDA and Adjusted EBITDA Margin are used by the Company’s management and by external users of its financial statements, such as investors, research analysts and others, to assess the financial performance of the Company’s assets over the long term to generate sufficient cash to return capital to equity holders or service indebtedness. Management believes Adjusted EBITDA and Adjusted EBITDA Margin are useful because they allow the Company and external users of its financial statements to more effectively evaluate the Company’s operating performance and compare the results of its operations from period to period, and against its peers, without regard to financing methods or capital structure. The Company excludes the items listed above from net income (loss) in arriving at Adjusted EBITDA and Adjusted EBITDA Margin because these amounts can vary substantially from company to company within EagleRock’s industry, depending upon accounting methods, book values of assets, capital structures and the method by which the assets were acquired. The Company’s computations of these measures may differ from the computations of similarly titled measures of other companies.

The following table sets forth a reconciliation (to the midpoint of the low and high ranges set forth above) of estimated net income as determined in accordance with GAAP to Adjusted EBITDA and Adjusted EBITDA Margin for the period indicated.

	Pro Forma
($ in thousands)	Three Months Ended March 31, 2026
Net income	$	14,737
Adjustments:
Depreciation, depletion, amortization, and accretion		13,634
Interest expense, net		96
Income tax expense		1,033
EBITDA	$	29,500
Adjustments:
Transaction-related expenses⁽¹⁾		2,386
Other⁽²⁾		(3,280	)
Adjusted EBITDA	$	28,606
Net income margin		44.9	%
Adjusted EBITDA Margin		87.1	%

(1)	Transaction-related expenses consist of nonrecurring professional services expenses, including banker fees, legal and professional fees and integration costs directly attributable to completed or contemplated transactions.
(2)	Other consists primarily of a nonrecurring gain on sales-type lease and other nonrecurring transactions.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260623588201/en/

Neal Shah

President and Chief Financial Officer

EagleRock Land, LLC

[email protected]; (713) 280-7002

KEYWORDS: Texas United States North America

INDUSTRY KEYWORDS: Energy Other Energy Oil/Gas

MEDIA:

Logo

June 23, 2026 7:05 pm

Orion Digital Announces Results of its Annual General Meeting of Shareholders

Orion Digital Announces Results of its Annual General Meeting of Shareholders

VANCOUVER, British Columbia–(BUSINESS WIRE)–
The annual general meeting of shareholders (the “Meeting”) of Orion Digital Corp. (NASDAQ: ORIO) (TSX: ORIO) (“Orion Digital” or the “Company”), was held today via live audiocast online and the Company is pleased to announce that all resolutions put forward, being the election of directors and the appointment of the auditors of the Company, were approved. Each of the matters voted upon at the Meeting is discussed in detail in the Company’s management information circular dated May 22, 2026 (the “Circular”), which can be found under the Company’s profile on SEDAR+ (www.sedarplus.ca) and EDGAR (www.sec.gov).

The total number of votes cast by shareholders by proxy or online at the Meeting was 7,698,984 votes, representing 32.22% of the Company’s outstanding shares as at May 11, 2026. The voting results are detailed below.

Election of Directors

The nominees listed in the Circular were elected as directors of Orion Digital. Detailed results of the vote are as follows:

Name of Nominee	Votes For	% Votes For	Votes Withheld	% Votes Withheld
David Feller	5,237,845	97.56	130,794	2.44
Gregory Feller	5,238,132	97.57	130,507	2.43
Christopher Payne	5,243,766	97.67	124,873	2.33
Kristin McAlister	5,242,457	97.65	126,182	2.35
Alex Shan	5,222,620	97.28	146,019	2.72
Joanna Floyd	5,253,792	97.86	114,847	2.14

Appointment of Auditor

MNP LLP was re-appointed as auditor of the Company until the next annual general meeting of shareholders of the Company at remuneration to be fixed by the Company’s board of directors. Detailed results of the vote are as follows:

Votes For	% Votes For	Votes Withheld	% Votes Withheld
7,602,906	98.75	96,078	1.25

The Company has filed a report of voting results on all resolutions voted upon at the Meeting under its profile on SEDAR+ at www.sedarplus.ca and EDGAR at www.sec.gov.

About Orion Digital Corp.

Orion Digital Corp. (NASDAQ: ORIO; TSX: ORIO) operates digital wealth and payments infrastructure platforms generating recurring subscription and services revenue. Its Intelligent Investing platform provides digital wealth management solutions in Canada, and its wholly owned subsidiary Carta Worldwide provides issuer processing and payments infrastructure across Europe. The Company also operates a consumer lending business with over 20 years of operating history that generates cash flow and is managed with a focus on stability and risk control.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260623746941/en/

Investor Relations

[email protected]

US Investor Relations Contact

Lytham Partners, LLC

Ben Shamsian

New York | Phoenix

646-829-9701

[email protected]

KEYWORDS: North America Canada

INDUSTRY KEYWORDS: Fintech Asset Management Professional Services Finance

MEDIA:

June 23, 2026 7:03 pm

ALLEGIANT TRAVEL COMPANY ANNOUNCES EARLY TENDER RESULTS AND RECEIPT OF CONSENTS FROM THE HOLDERS OF A MAJORITY OF THE OUTSTANDING PRINCIPAL AMOUNT OF ITS 7.250% SENIOR SECURED NOTES DUE 2027

PR Newswire

LAS VEGAS, June 23, 2026 /PRNewswire/ — Allegiant Travel Company (NASDAQ: ALGT) (the “Company,” “we,” “us,” or “our”) announced today that it has received for purchase $377,534,000 aggregate principal amount of its outstanding 7.250% Senior Secured Notes Due 2027 (the “Notes”) validly tendered (and not validly withdrawn) by 5:00 p.m., New York City time, on June 23, 2026 (the “Early Tender Deadline”), and has received consents (the “Consents”) from holders (each a “Holder” and collectively the “Holders) of a majority (93.68%) of the aggregate principal amount of the Notes outstanding as of the Early Tender Deadline pursuant to the Company’s tender offer (the “Tender Offer”) to purchase for cash any and all of its outstanding $403,009,000 remaining aggregate principal amount of Notes and solicitation of consents (the “Consent Solicitation”) to proposed amendments (the “Proposed Amendments”) to the Indenture, dated August 17, 2022 (the “Indenture”), which governs the Notes.

Allegiant logo

Information related to the Notes, the aggregate principal amount of Notes validly tendered (and not validly withdrawn) by the Early Tender Deadline, and other information relating to the Tender Offer and Consent Solicitation are listed in the table below.

The terms and conditions of the Tender Offer and Consent Solicitation are described in greater detail in the Offer to Purchase and Consent Solicitation Statement, dated June 9, 2026 (the “Statement”), which Holders should carefully read before making any decision with respect to the Tender Offer and Consent Solicitation.

CUSIP No.

Title of
Security

Outstanding
Principal
Amount

Principal
Amount
Tendered

Tender Offer
Consideration

⁽¹⁾

Early
Tender
Premium

⁽²⁾

Total
Consideration

⁽³⁾

144A: 01748X AD4

Reg S: U0177P AC2

7.250%
Senior
Secured
Notes due
2027

$403,009,000

$377,534,000

$955.00

$50.00

$1,005.00

____________________
(1)	Per $1,000 principal amount of Notes validly tendered and not withdrawn at or prior to the Expiration Time (as defined below) and excludes accrued and unpaid interest.
(2)	Per $1,000 principal amount of Notes validly tendered and not withdrawn at or prior to the Early Tender Deadline.
(3)	Includes the Tender Offer Consideration plus the Early Tender Premium (as defined below) and excludes accrued and unpaid interest.

With respect to the Notes validly tendered and not validly withdrawn at or prior to the Early Tender Deadline, the Company has elected to have an initial settlement date with payment for such Notes expected to occur on June 24, 2026 (unless extended by the Company) (the “Initial Settlement Date”), subject to the satisfaction of certain conditions described in the Statement, including the Company successfully completing one or more debt financings.

Holders who validly tendered their Notes and thereby delivered their consents at or prior to the Early Tender Deadline are eligible to receive total consideration (the “Total Consideration”) of $1,005.00 per $1,000 principal amount of Notes, which includes the consideration for the Notes validly tendered (and not validly withdrawn), pursuant to the Statement, of $955.00 per $1,000 principal amount of such Notes (the “Tender Offer Consideration”) and the early tender premium of $50.00 per $1,000 principal amount of such Notes (the “Early Tender Premium”). Holders must have validly tendered and not validly withdrawn their Notes, and have their Notes accepted for purchase in the Tender Offer, at or prior to the Early Tender Deadline in order to be eligible to receive the Total Consideration.

Holders who validly tender their Notes after the Early Tender Deadline, but at or prior to 5:00 p.m., New York City time, on July 9, 2026, unless extended or earlier terminated by the Company (such time and date as the same may be extended or earlier terminated, the “Expiration Time”) will be eligible to receive only the Tender Offer Consideration for such Notes if such Notes are accepted for purchase, and will not be entitled to the Early Tender Premium.

A Holder cannot deliver a consent with respect to the Notes without tendering its corresponding Notes or tender its Notes without delivering a corresponding consent. Holders of Notes who tender their Notes will be deemed by virtue of such tender to have delivered their consent to the Proposed Amendments.

The Consents received as of the Early Tender Deadline are sufficient to effect all of the Proposed Amendments as set forth in the Statement.

Subject to the satisfaction of the conditions described in the Statement, the Company intends to execute a supplement to the Indenture (the “First Supplemental Indenture”) on the Initial Settlement Date in order to effect the Proposed Amendments. The Proposed Amendments eliminate most of the restrictive covenants and certain events of default applicable to the Notes, reduce the minimum notice period required for redemptions of the Notes from 30 days as currently required by the Indenture to 3 business days and amend certain other provisions applicable to the Notes. The First Supplemental Indenture is described in greater detail in the Statement. The Proposed Amendments will become operative pursuant to the First Supplemental Indenture only upon the Company’s purchase of a majority of the outstanding Notes that have been validly tendered (and not validly withdrawn) pursuant to the Tender Offer.

Holders whose Notes are accepted for purchase pursuant to the Tender Offer will receive accrued and unpaid interest from the last interest payment date on such purchased Notes up to, but not including, the date on which such Notes are purchased.

With respect to any Notes not purchased in the Tender Offer, the Company may choose, but has no obligation, to satisfy and discharge the Indenture by sending a notice of redemption to the Trustee under the Indenture for the redemption of all outstanding Notes on August 15, 2026, at a price equal to 100.00% of the aggregate principal amount of the Notes to be redeemed, plus accrued and unpaid interest up to, but not including, the date of redemption.

Holders who tender their Notes after the Early Tender Deadline, but on or prior to the Expiration Time, may not withdraw their tendered Notes, except in certain limited circumstances where additional withdrawal rights are required by law. A valid withdrawal of tendered Notes will constitute the concurrent valid revocation of such Holder’s related consent.

The Company has retained Barclays Capital Inc. to act as dealer-manager and solicitation agent for the Tender Offer and Consent Solicitation. Global Bondholder Services Corporation is acting as the Information Agent and the Tender Agent for the Tender Offer and Consent Solicitation. Questions regarding the Tender Offer and Consent Solicitation should be directed to Barclays Capital Inc. at (212) 528-7581 (collect) or (800) 438-3242 (toll-free). Requests for documentation should be directed to Global Bondholder Services Corporation at (855) 654-2014 (toll-free), (212) 430-3774 (banks and brokers) or [email protected].

This press release does not constitute a notice of redemption with respect to the Notes.

This press release is not an offer to buy any securities and does not constitute a solicitation of consents of Holders and shall not be deemed an offer to buy or a solicitation of consents with respect to any other securities of the Company. The Tender Offer and Consent Solicitation is being made solely pursuant to the Statement. All statements herein regarding the terms of the Tender Offer and Consent Solicitation, the Proposed Amendments, the First Supplemental Indenture and the Indenture are qualified in their entirety by reference to the text of the Statement, the First Supplemental Indenture and the Indenture.

Allegiant – Together We Fly™

Las Vegas-based Allegiant (NASDAQ: ALGT) is an integrated travel company with an airline at its heart, focused on connecting customers with the people, places and experiences that matter most. Through Allegiant Air and Sun Country Airlines, the company serves approximately 22 million annual customers across scheduled passenger, charter and cargo operations. Together, the airlines operate more than 650 routes serving nearly 175 cities throughout the United States and select international destinations. Allegiant is committed to providing affordable travel options, operational excellence and long-term value for customers, employees, communities and shareholders. For more information, visit Allegiant.com. Media information, including photos, is available at http://gofly.us/iiFa303wrtF

Media Inquiries: [email protected]

Investor Inquiries: [email protected]

No Offer or Solicitation

This press release is for informational purposes only and does not constitute an offer to sell or the solicitation of an offer to buy the Notes or any other securities and shall not constitute an offer to sell or solicitation of an offer to buy, or a sale of, the Notes or any other securities in any jurisdiction in contravention of applicable law. This press release does not constitute a notice of redemption with respect to the Notes.

Forward-Looking Statements

This communication contains forward-looking statements under the safe harbor provisions of Section 21E of the Securities Exchange Act of 1934, Section 27A of the Securities Act of 1933 and the Private Securities Litigation Reform Act of 1995. Forward-looking statements include all statements that are not historical facts and often can be identified by the use of forward-looking terminology such as the words “believe,” “expect,” “anticipate,” “intend,” “plan,” “estimate”, “project”, “hope” or similar expressions. Forward-looking statements in this communication are based on Allegiant’s current expectations about the Tender Offer and certain assumptions made by Allegiant, all of which are subject to change.

Such forward-looking statements also include statements related to the Tender Offer described herein, including the Expiration Time, the Early Tender Deadline, the Initial Settlement Date, the possible completion of the Tender Offer and Consent Solicitation and any intention to redeem the Notes. When considering forward-looking statements, a reader should keep in mind the risk factors and other cautionary statements included and incorporated by reference in the Statement. Should one or more of the risks and uncertainties described or incorporated by reference in the Statement occur, or should underlying assumptions prove incorrect, our actual results and plans could differ materially from those expressed in any forward-looking statements. Accordingly, there are or will be important factors that could cause actual results to differ materially from those indicated in such statements and, therefore, you should not place undue reliance on any such statements and caution must be exercised in relying on forward-looking statements.

Forward-looking statements in this communication are qualified by and should be read together with, the risk factors referenced above and the risk factors included in Allegiant’s annual and quarterly reports as filed with the Securities and Exchange Commission, and readers should refer to such risks, uncertainties and risk factors in evaluating such forward-looking statements.

The forward-looking statements in this communication are made only as of the date they were first issued, and unless otherwise required by applicable securities laws, Allegiant disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.

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SOURCE Allegiant Travel Company

June 23, 2026 7:03 pm

Oportun Awards College Scholarships to 30 Students as Part of 2026 Oportun Scholarship Program

SAN MATEO, Calif., June 23, 2026 (GLOBE NEWSWIRE) — Oportun (Nasdaq: OPRT), a mission-driven financial services company, today announced that 30 students from California and Florida have been awarded scholarships to attend college as part of its 2026 Oportun Scholarship Program. The program recognizes students who have demonstrated academic achievement, leadership, resilience, and a commitment to making a positive impact in their communities.

As a company dedicated to expanding access and opportunity, Oportun believes education remains one of the most powerful pathways to financial mobility. Through its scholarship program, Oportun supports students who are working hard to achieve their goals and build a better future.

In addition to the scholarship award, each recipient will receive four years of complimentary access to Oportun’s Set and Save™ app, a tool designed to help members build consistent savings habits. To further support their financial journey, Oportun will also match their savings up to $500.

“Congratulations to this year’s class of Oportun scholars,” said Ezra Garrett, SVP Public Affairs & Impact at Oportun. “These 30 remarkable students have worked hard to overcome challenges and pursue their dreams. We are proud to support them in this next step on their educational journeys.”

The Oportun Scholarship Program is a need-based initiative dedicated to helping students pursue their college goals. Since its inception in 2023, it has awarded 86 scholars to date. It is open to students pursuing full-time undergraduate education at accredited colleges, universities, or vocational-technical schools. Applicants must be high school seniors, recent graduates, or current undergraduates who demonstrate financial need and show strong academic performance, leadership, and community involvement.

Preference is given to students studying non-medical STEM or finance-related majors. As part of the application, students are required to submit an essay on the value of education and their approach to financial wellness, along with a recommendation.

The Oportun Scholarship program is scheduled to open for 2027 applications after January 1^st, 2027. The program is administered in partnership with Scholarship America.

About Oportun

Oportun (Nasdaq: OPRT) is a mission-driven financial services company that puts its members’ financial goals within reach. With intelligent borrowing, savings, and budgeting capabilities, Oportun empowers members with the confidence to build a better financial future. Since inception, Oportun has provided more than $22.2 billion in responsible and affordable credit, saved its members more than $2.5 billion in interest and fees, and helped its members save an average of more than $1,800 annually. For more information, visit Oportun.com.

Contacts

Media Contact
Michael Azzano
Cosmo PR for Oportun
(415) 596-1978
[email protected]

June 23, 2026 7:00 pm

Extra Space Storage Releases 2025 Sustainability Report

PR Newswire

SALT LAKE CITY, June 23, 2026 /PRNewswire/ — Extra Space Storage, Inc. (NYSE: EXR), a self-administered and self-managed Real Estate Investment Trust and member of the S&P 500 today announced the publication of its annual sustainability report. The report details the company’s progress across key corporate responsibility initiatives, including environmental stewardship, workplace culture, corporate governance, and long-term portfolio resiliency.

Holly Springs Store in North Carolina

The 2025 report marks the conclusion of Extra Space Storage’s 2018–2025 sustainability goal cycle, detailing performance against its long-term emissions and efficiency targets while introducing a new framework of goals looking ahead to 2030.

“Our core values of integrity, excellence, innovation, teamwork, and passion remain our compass, as we invest in our people and our properties in a way that will deliver long-term shareholder value for the future,” said Joe Margolis, CEO of Extra Space Storage.

Key highlights from the 2025 Sustainability Report include:

Renewable Energy Expansion: Invested $30 million in solar installations over the course of the year, bringing total solar generation to 68.6 GWh of clean energy.
Emissions Reductions: Achieved a 15% reduction in greenhouse gas (GHG) emissions per square foot across the portfolio, maintaining a carbon footprint 82% lower than the real estate sector average.
Industry Recognition: Named one of “America’s Climate Leaders” by USA Today and earned an “A” rating for its GRESB disclosure.
Top-Tier Workplace Culture: Recognized by Forbes as one of “America’s Best Companies” and sustained a 4.2 out of 5-star rating on Glassdoor.
Customer Excellence: Maintained a 91% overall customer satisfaction score across its national footprint.

The full 2025 Sustainability Report and additional governance documents are available on the company’s investor relations website at ir.extraspace.com/sustainability.

About Extra Space Storage Inc.:

Extra Space Storage Inc., headquartered in Salt Lake City, Utah, is a self-administered and self-managed REIT and a member of the S&P 500. As of March 31, 2026, the Company owned and/or operated 4,344 self storage stores in 42 states and Washington, D.C. The Company’s stores comprise approximately 3.0 million units and approximately 335.6 million square feet of rentable space operating under the Extra Space brand. The Company offers customers a wide selection of conveniently located and secure storage units across the country, including boat storage, RV storage, and business storage. It is the largest operator of self storage properties in the United States.

Extra Space Storage. You deserve some extra space! (PRNewsFoto/Extra Space Storage Inc.)

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SOURCE Extra Space Storage, Inc.

June 23, 2026 7:00 pm

AeroVironment, Inc. Notice of July 27, 2026 Application Deadline for Class Action Lawsuit – Contact Lewis Kahn, Esq. at Kahn Swick & Foti, LLC, Before Application Deadline

NEW YORK CITY & NEW ORLEANS–(BUSINESS WIRE)–Kahn Swick & Foti, LLC (“KSF”) and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., notifies investors in AeroVironment, Inc. (“AeroVironment” or the “Company”) (NasdaqGS: AVAV) of a class action securities lawsuit.

CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of investors of AeroVironment, Inc. who were adversely affected if they purchased the Company’s securities between June 25, 2025 and March 10, 2026, both dates inclusive (the “Class Period”). This action is pending in the United States District Court for the Eastern District of Virginia.

Follow the link below to get more information and be contacted by a member of our team:

https://www.ksfcounsel.com/cases/nasdaqgs-avav/

AeroVironment investors should contact KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850 or via email ([email protected]), or visit https://www.ksfcounsel.com/cases/nasdaqgs-avav/ to learn more.

CLICK HERE for more information

CASE DETAILS: According to the Complaint, AeroVironment and certain of its executives are charged with failing to disclose material information during the class period, violating federal securities laws.

The alleged false and misleading statements and omissions include, but are not limited to, that: (i) the Company understated the likelihood that it would imminently face competition from other vendors for the work it performed in connection with the U.S. Space Force’s Satellite Communication Augmentation Resource program and the U.S. Space Force’s ongoing efforts to modernize the Satellite Control Network; (ii) accordingly, defendants overstated AeroVironment’s business and financial prospects; and (iii) as a result, defendants’ public statements were materially false and misleading at all relevant times.

The case is Norrell v. AeroVironment, Inc., et al, No. 26-cv-01429.

WHAT TO DO? If you invested in AeroVironment and suffered a loss during the relevant time frame, you have until July 27, 2026 to request that the Court appoint you as lead plaintiff; however, your ability to share in any recovery does not require that you serve as a lead plaintiff.

To Learn More, Click HERE

About Kahn Swick & Foti, LLC

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

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

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

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

View source version on businesswire.com: https://www.businesswire.com/news/home/20260623656388/en/

Kahn Swick & Foti, LLC

Lewis Kahn, Managing Partner

[email protected]

1-877-515-1850

1100 Poydras St., Suite 960

New Orleans, LA 70163

KEYWORDS: United States North America Louisiana New York

INDUSTRY KEYWORDS: Professional Services Class Action Lawsuit

MEDIA:

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June 23, 2026 6:59 pm

SES AI 72 Hour Deadline Alert: Kahn Swick & Foti, LLC Reminds Investors With Losses In Excess Of $100,000 of Deadline in Class Action Lawsuit Against SES AI Corporation – SES

NEW YORK & NEW ORLEANS–(BUSINESS WIRE)–Kahn Swick & Foti, LLC (“KSF”) and KSF partner, the former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until June 26, 2026 to file lead plaintiff applications in a securities class action lawsuit against SES AI Corporation (NYSE: SES) (“SES” or the “Company”), if they purchased or otherwise acquired the Company’s securities between January 29, 2025 and March 4, 2026, inclusive (the “Class Period”). This action is pending in the United States District Court for the District of Massachusetts.

What You May Do

If you purchased shares of SES AI as above and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, contact KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850 or via email ([email protected]), or visit https://www.ksfcounsel.com/cases/nyse-ses/ to learn more. If you wish to serve as a lead plaintiff in this class action by overseeing lead counsel with the goal of obtaining a fair and just resolution, you must request this position by application to the Court by June 26, 2026.

About the Lawsuit

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

The alleged false and misleading statements and omissions include, but are not limited to, that: (i) the Company overstated its business outlook by exaggerating the potential results of agreements with companies that had limited or no operational capacity; (ii) the company created the appearance of revenue by purchasing services tied to its own Molecular Universe transactions; (iii) despite its optimistic growth statements, SES AI faced significant logistics constraints in Q4 2025 that materially impacted revenue for that quarter; (iv) these issues raised serious doubts about SES AI’s 2026 growth prospects, which were later confirmed by weaker-than-expected revenue guidance for 2026; and (v) as a result, the Company’s statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times.

The case is Patel v. SES AI Corporation, et al., Case No. 26-cv-11894.

About Kahn Swick & Foti, LLC

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

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

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

View source version on businesswire.com: https://www.businesswire.com/news/home/20260623278138/en/

Kahn Swick & Foti, LLC
Lewis Kahn, Managing Partner
[email protected]
1-877-515-1850
1100 Poydras St., Suite 960
New Orleans, LA 70163

KEYWORDS: Louisiana United States North America

INDUSTRY KEYWORDS: Class Action Lawsuit Professional Services Legal

MEDIA:

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June 23, 2026 6:59 pm

American Water Charitable Foundation & Illinois American Water Launch 2026 Hydration Station Grant Program on National Hydration Day

PR Newswire

(PRNewsfoto/American Water)

Funding available for reusable water bottle filling stations in Illinois American Water’s service areas

BELLEVILLE, Ill., June 23, 2026 /PRNewswire/ — In recognition of National Hydration Day, the American Water Charitable Foundation, a philanthropic non-profit organization established by American Water (NYSE: AWK), the largest regulated water and wastewater utility company in the U.S., along with Illinois American Water, announced today it is now accepting applications for its 2026 Hydration Station Grant Program from eligible organizations within its service areas.

This initiative aims to boost confidence and trust in tap water while reducing single-use plastic waste by providing sustainable hydration options in public spaces. The announcement on National Hydration Day underscores the importance of healthy hydration habits and highlights the role safe, reliable tap water plays in supporting community health and wellbeing.

“We’re committed to providing access to clean, safe, reliable, and affordable water service,” stated Rebecca Losli, President of Illinois American Water and member, American Water Charitable Foundation Board of Trustees. “Through funding provided by the American Water Charitable Foundation, this program is designed to make safe and healthy hydration with tap water more accessible in public spaces while encouraging environmental stewardship.”

Selected recipients will receive funding to purchase reusable water bottle filling stations, enhancing public access to sustainable water sources. Eligible applicants must be a 501(c)(3) organization, K-12 public school, college or university located within Illinois American Water’s service territory and be open to the public. Recipients will be responsible for installation and associated costs.

Funding for the Hydration Station Grant Program will be provided by the American Water Charitable Foundation, as part of its State Strategic Impact Grant Program, focused on high-impact projects and initiatives throughout American Water’s national footprint. State Strategic Impact grants are part of the Foundation’s Keep Communities Flowing Grant Program, focused on three pillars of giving: Water, People and Communities.

In 2025, over $40,000 in support was awarded across twelve organizations through the Hydration Station Grant Program.

For more information and to apply, visit the Hydration Station Grant Program page of Illinois American Water’s website. Deadline to apply is September 4, 2026.

About American Water
American Water (NYSE: AWK) is the largest regulated water and wastewater utility company in the United States. With a history dating back to 1886 and celebrating 140 years in 2026, We Keep Life Flowing® by providing safe, clean, reliable and affordable drinking water and wastewater services to approximately 14 million people with regulated operations in 14 states and on 18 military installations. American Water’s approximately 7,000 talented professionals leverage their significant expertise and the company’s national size and scale to achieve excellent outcomes for the benefit of customers, employees, investors and other stakeholders.

For more information, visit amwater.com and join American Water on LinkedIn, Facebook, X and Instagram.

About American Water Charitable Foundation
The American Water Charitable Foundation, a philanthropic non-profit organization established by American Water (NYSE: AWK), focuses on three pillars of giving: Water, People, and Communities. Since 2012, the Foundation has invested over $25 million in funding through grants and matching gifts to support eligible organizations in communities served by American Water. The Foundation is funded by American Water shareholders and has no impact on customer rates. For more information, visit amwater.com/awcf.

About Illinois American Water
Illinois American Water, a subsidiary of American Water (NYSE: AWK), is the largest regulated water utility in the state with approximately 600 dedicated employees working to provide safe, clean, reliable and affordable water and wastewater services to approximately 1.3 million people. American Water also operates a quality control and research laboratory in Belleville.

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SOURCE American Water

June 23, 2026 6:59 pm

Five Star Bancorp to open full-service branch in Lodi to serve Central Valley entrepreneurs and agribusinesses

The move into “America’s Favorite Small Town” strengthens the community bank’s commitment to supporting California’s food, agriculture, and small business economy

RANCHO CORDOVA, Calif., June 23, 2026 (GLOBE NEWSWIRE) — Five Star Bancorp (Nasdaq: FSBC) (“Five Star” or the “Company”), a holding company that operates through its wholly owned banking subsidiary, Five Star Bank, is continuing its California expansion with the opening of its new full-service branch in Lodi. The office is slated to open on July 13, 2026, and a ribbon-cutting celebration will soon be held to mark the branch’s opening.

On the heels of its expansions to Southern California and Walnut Creek, Five Star Bank chose Lodi to enhance its continued investment in the state’s food and agribusiness economy, further expanding its Food, Agribusiness & Diversified Industries vertical. Five Star Bank identified Lodi, which was recently named “America’s Favorite Small Town” by Parade, as a strategic market due to its diverse ecosystem of agricultural businesses, small business community, and regional investment — an ideal fit for the bank’s relationship-driven approach.

“Lodi represents the kind of community where agriculture, entrepreneurship, and relationships are intertwined,” said Cliff Cooper, Executive Vice President / Food, Agribusiness & Diversified Industries President at Five Star. “We understand the cyclical nature of food and agriculture and the challenges producers, processors, manufacturers, and distributors navigate daily. We are a trusted financial partner who supports companies feeding our communities and we help businesses grow through every stage of the economic cycle.”

Known as a regional agricultural hub, Lodi is home to approximately 100,000 acres of planted vineyards, making it one of California’s most prominent wine-producing areas. Lodi is also a massive producer of almonds, walnuts, and cherries. Beyond its agricultural roots, Lodi is known for having a growing small-business-driven economy.

“Working with Five Star Bank has been an incredible experience,” said Pete Murdaca, Owner, Pietro’s. “Their team has made what can often be a stressful process feel seamless, organized, and genuinely relationship-driven. What stands out most is how closely our values align – a commitment to delivering a quality product backed by exceptional customer service. At the end of the day, great businesses are built on trust, communication, and taking care of people, and Five Star Bank exemplifies this in every interaction. We are grateful to have them as a partner.”

The Lodi office marks Five Star Bank’s continued move into high-growth regional markets beyond major metropolitan hubs in the state. Five Star Bank’s expansion into Lodi aligns with the city’s broader economic development plans to attract new business investment, support job creation, and strengthen high-growth industries. As Lodi continues investing in workforce development and small business growth, Five Star Bank will serve as a financial partner to entrepreneurs, agribusiness operators, and companies, helping drive the region’s economic momentum.

“We’ve built momentum by expanding into some of California’s most dynamic growth markets, from Walnut Creek in the East Bay to Southern California and now the Central Valley with Lodi,” said James Beckwith, President and CEO of Five Star. “Lodi was a natural next step for us. Its strong agricultural foundation and growing business community align closely with our high-touch, relationship-driven approach to banking, and we’re looking forward to helping businesses and the community thrive.”

About Five Star Bancorp

Five Star Bancorp is a bank holding company headquartered in Rancho Cordova, California. Five Star Bancorp operates through its wholly owned banking subsidiary, Five Star Bank. The bank has nine branches in Northern California. For more information, visit https://www.fivestarbank.com.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements represent plans, estimates, objectives, goals, guidelines, expectations, intentions, projections, and statements of the Company’s beliefs concerning future events, business plans, objectives, expected operating results, and the assumptions upon which those statements are based. Forward-looking statements include without limitation, any statement that may predict, forecast, indicate, or imply future results, performance, or achievements, and are typically identified with words such as “may,” “could,” “should,” “will,” “would,” “believe,” “anticipate,” “estimate,” “expect,” “aim,” “intend,” “plan,” or words or phases of similar meaning. The Company cautions that the forward-looking statements are based largely on the Company’s expectations and are subject to a number of known and unknown risks and uncertainties that are subject to change based on factors which are, in many instances, beyond the Company’s control. Such forward-looking statements are based on various assumptions (some of which may be beyond the Company’s control) and are subject to risks and uncertainties, which change over time, and other factors, which could cause actual results to differ materially from those currently anticipated. New risks and uncertainties may emerge from time to time, and it is not possible for the Company to predict their occurrence or how they will affect the Company. If one or more of the factors affecting the Company’s forward-looking information and statements proves incorrect, then the Company’s actual results, performance, or achievements could differ materially from those expressed in, or implied by, forward-looking information and statements contained in this press release. Therefore, the Company cautions you not to place undue reliance on the Company’s forward-looking information and statements. Important factors that could cause actual results to differ materially from those in the forward-looking statements are set forth in the Company’s Annual Report on Form 10-K for the year ended December 31, 2025 under the section entitled “Risk Factors,” and other documents filed by the Company with the Securities and Exchange Commission from time to time.

The Company disclaims any duty to revise or update the forward-looking statements, whether written or oral, to reflect actual results or changes in the factors affecting the forward-looking statements, except as specifically required by law.

Investor Contact:
Heather C. Luck, Chief Financial Officer
Five Star Bancorp
(916) 626-5008
[email protected]

Media Contact:

Shelley R. Wetton, Chief Marketing Officer
Five Star Bancorp
(916) 284-7827
[email protected]