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Alignment Healthcare Announces Pricing of Secondary Offering

ORANGE, Calif., March 02, 2026 (GLOBE NEWSWIRE) — Alignment Healthcare, Inc. (NASDAQ: ALHC) (“Alignment Healthcare” or the “Company”), an award-winning Medicare Advantage (MA) company, today announced the pricing of its previously announced underwritten public offering of 13,167,733 shares of its common stock by an affiliate of General Atlantic, L.P (the “Selling Stockholder”). The underwriter sold the shares at a public offering price of $19.46 per share. The Company will not receive any of the proceeds from the sale of the shares of its common stock being offered by the Selling Stockholder. The offering is expected to close on March 4, 2026, subject to customary closing conditions.

J.P. Morgan is acting as the underwriter for the offering.

The offering is being made pursuant to a shelf registration statement on Form S-3, which has been filed by the Company with the Securities and Exchange Commission (the “SEC”) and became effective upon filing on March 2, 2026. The offering will be made only by means of a prospectus supplement and an accompanying prospectus. You may obtain these documents for free by visiting EDGAR on the SEC website at www.sec.gov, or by contacting: J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717 or by email at [email protected] and [email protected].

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

About
Alignment
Healthcare

Alignment Health is championing a new path in senior care that empowers members to age well and live their most vibrant lives. A consumer brand name of Alignment Healthcare (NASDAQ: ALHC), Alignment Health’s mission-focused team makes high-quality, low-cost care a reality for its Medicare Advantage members every day. Based in California, the company partners with nationally recognized and trusted local providers to deliver coordinated care, powered by its customized care model, 24/7 concierge care team and purpose-built technology, AVA®. As it expands its offerings and grows its national footprint, Alignment upholds its core values of leading with a serving heart and putting the senior first.

Forward-Looking
Statements

This release contains 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, and the Private Securities Litigation Reform Act of 1995, as amended. These forward-looking statements include, among others, statements concerning the expected closing of the offering. Forward-looking statements are subject to risks and uncertainties and are based on assumptions that may prove to be inaccurate, which could cause actual results to differ materially from those expected or implied by the forward-looking statements. Actual results may differ materially from the results predicted, and reported results should not be considered as an indication of future performance. Important risks and uncertainties that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include, among others, the following: our ability to attract new members and enter new markets, including the need for certain governmental approvals; our ability to maintain a high rating for our health plans on the Five Star Quality Rating System; our ability to develop and maintain satisfactory relationships with care providers that service our members; risks associated with being a government contractor; changes in laws and regulations applicable to our business model; risks related to our indebtedness; changes in market or industry conditions and receptivity to our technology and services; results of litigation or a security incident; and the impact of shortages of qualified personnel and related increases in our labor costs. There can be no assurance that Alignment Healthcare will be able to complete the offering on the anticipated terms, or at all. For a detailed discussion of the risk factors that could affect our actual results, please refer to the risk factors identified in our Annual Report on Form 10-K for the year ended December 31, 2025, and the other periodic reports we file with the SEC. All information provided in this release is as of the date hereof, and we undertake no duty to update or revise this information unless required by law.

Investor Contact
Harrison Zhuo
[email protected]

Media
Contact

Priya Shah
mPR, Inc. for Alignment Healthcare
[email protected]



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8×8 Recognized at Asian Telecom Awards 2026 for Advancing Real-Time SMS Fraud Protection

8×8 Recognized at Asian Telecom Awards 2026 for Advancing Real-Time SMS Fraud Protection

SINGAPORE–(BUSINESS WIRE)–8×8, Inc. (NASDAQ: EGHT), a leading global business communications platform provider, won the Cybersecurity Initiative of the Year – Singapore award at the Asian Telecom Awards 2026. The award recognizes 8×8 Omni Shield, a real-time SMS fraud mitigation capability designed to help enterprises detect suspicious traffic patterns and reduce financial exposure.

As SMS-based fraud and artificial traffic inflation continue to rise globally, enterprises face increasing pressure to safeguard customer communications without disrupting legitimate messaging. 8×8 Omni Shield addresses this challenge by embedding fraud detection controls directly into 8×8 Connect, a component of the 8×8 Platform for CX. By enabling organizations to monitor messaging activity and identify anomalies, they are enabled to take immediate action within a unified, no-code interface.

During early-stage deployments, 8×8 Omni Shield identified more than 85% of fraudulent SMS traffic while maintaining reliable message delivery for authorized communications. This initial performance demonstrates the solution’s ability to support operational teams with configurable alerts, automated suspension controls, and traffic visibility tools that help reduce response times during active threat scenarios.

“Organizations require fraud prevention solutions that are both effective and operationally practical,” said Sylvain Chaperon, General Manager, CPaaS at 8×8, Inc. “This recognition reflects our focus on delivering embedded protection capabilities that allow businesses to safeguard their messaging channels without significantly adding technical complexity or introducing major external dependencies.”

8×8 Omni Shield is part of 8×8’s broader security framework supporting the 8×8 Platform for CX. The solution integrates with identity verification workflows to strengthen authentication processes and mitigate risks such as unauthorized account access and one-time password exploitation. In addition, 8×8 Silent Mobile Authentication leverages mobile network verification to validate user identity without relying solely on SMS-based authentication methods, helping reduce exposure to SIM-swap fraud.

The Asian Telecom Awards recognize telecommunications providers across the Asia-Pacific region for innovation, infrastructure development, and contributions to advancing secure digital communications. This recognition underscores 8×8’s ongoing investment in building resilient communications infrastructure that enables enterprises to scale engagement while protecting customer trust.

To learn more about 8×8’s award win, read Asian Telecom Awards’ announcement.

About 8×8, Inc.

8×8, Inc. (NASDAQ: EGHT) connects people and organizations through seamless communication on the industry’s most integrated platform for Customer Experience – combining Contact Center, Unified Communications, and CPaaS solutions. The 8×8® Platform for CX integrates AI at every level to enable personalized customer journeys, drive operational excellence and insights, and facilitate team collaboration. As a business communications leader, the company helps customer experience and IT leaders around the world become the heartbeat of their organizations, empowering them to unlock the potential of every interaction. For additional information, visit www.8×8.com, or follow 8×8 on LinkedIn, X, and Facebook.

Forward-Looking Statements

This press release contains 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. These statements relate to future events or future financial and operational performance and involve known and unknown risks, uncertainties, and other factors that may cause actual results to differ materially from those anticipated. 8×8 undertakes no obligation to update any forward-looking statements after the date of this press release.

Copyright 2026 8×8, Inc. 8×8 and associated brand assets are trademarks of 8×8, Inc. All rights reserved.

8×8, Inc. Contacts:

Media:

8×[email protected]

Investor Relations:

Investor.Relations@8×8.com

KEYWORDS: California North America United States Asia Pacific Singapore Southeast Asia

INDUSTRY KEYWORDS: Mobile/Wireless Technology Security Carriers and Services Telecommunications Software Networks Data Management VoIP Artificial Intelligence

MEDIA:

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Cal-Maine Foods Announces Acquisition of Creighton Brothers LLC

Expands Presence Across Integrated Portfolio, Broadens Geographic Footprint, and Advances Disciplined Capital Allocation Strategy

RIDGELAND, Miss., March 02, 2026 (GLOBE NEWSWIRE) — Cal-Maine Foods, Inc. (NASDAQ: CALM), the largest egg company in the United States and a leading player in the egg-based food industry, today announced the acquisition of the shell egg, egg products, and prepared foods assets of Creighton Brothers LLC, including Crystal Lake LLC, for a total purchase price of approximately $128.5 million, subject to customary post-closing adjustments. Cal-Maine Foods is funding the acquisition with available cash on hand.

Established in 1925, Creighton Brothers produces, grades, and packages high-quality conventional and specialty shell eggs for retail and foodservice markets. Crystal Lake produces ready-to-use egg products for the foodservice and food manufacturing industries, including liquid, frozen, and hard-cooked eggs, and distributes pre-cooked egg patties, omelets, and scrambled eggs. Both companies are headquartered in Warsaw, Indiana, where Cal-Maine Foods previously had no shell egg operations.

“The acquisition of Creighton Brothers and Crystal Lake advances our strategy by expanding the scale and geographic reach of our shell egg platform, across both specialty eggs and conventional eggs, adding meaningful growth to our portfolio. This incremental capacity strengthens our ability to align production with demand, better positioning us to consistently meet consumer expectations for choice, reliability, and affordability. Together with the Creighton Brothers and Crystal Lake team, we will build on the strong foundation already in place—combining our operational excellence, deep customer relationships, supply chain expertise, rigorous capital deployment, and robust systems to accelerate growth and unlock new opportunities,” said Sherman Miller, president and chief executive officer of Cal-Maine Foods.

“Importantly, with nearby liquid egg capacity, we further our internal sourcing strategy for key egg-based ingredients for our prepared foods business—strengthening supply security, improving margins, and driving greater operational efficiency. Together, these advantages compound over time and, guided by our disciplined, returns-focused approach, drive performance and create sustainable per-share value,” he continued.

The acquired assets include commercial shell egg production and grading with capacity of approximately 3.2 million laying hens, including 500,000 cage-free, and 865,000 pullets, a feed mill, 1,007 acres of land, as well as an egg products and hard-cooked egg processing facility.

Creighton Brothers and Crystal Lake will be fully integrated into Cal-Maine Foods’ existing operations, including its 177 employees. Mr. Miller commented, “We are proud to welcome this exceptional team to the Cal-Maine Foods family. Their high-quality operations reflect remarkable dedication and capability, and we look forward to achieving even greater success together.”

Mindy Truex, President of Creighton Brothers and Crystal Lake, stated, “With mixed personal emotions and great pride, I’m excited to see the legacy of Hobart and Russell Creighton and their families continue and grow with a new family at Cal-Maine. I believe our dedication to excellence and doing things right will mesh well and provide an example to follow for another 100 years.”

About Cal-Maine Foods

Cal-Maine Foods, Inc. (NASDAQ: CALM) is the largest egg company in the United States and a leading player in the egg-based food industry. With a strong national footprint, Cal-Maine Foods provides nutritious, affordable, and sustainable protein to millions of households every day.

The Company’s portfolio spans the full egg value ladder—from conventional to specialty, including cage-free, organic, brown, free-range, pasture-raised, and nutritionally enhanced—serving both retail and foodservice customers nationwide. Cal-Maine Foods also participates in the growing prepared foods sector, with offerings such as pre-cooked egg patties, omelets, folded and scrambled egg formats, hard-cooked eggs, pancakes, waffles, and specialty wraps. Its branded portfolio includes Eggland’s Best®, Land O’Lakes®, Farmhouse Eggs®, 4Grain®, Sunups®, Sunny Meadow®, MeadowCreek Foods®, and Crepini®.

Headquartered in Ridgeland, Mississippi, Cal-Maine’s strategy combines scale, operational excellence, and financial discipline with a commitment to innovation and sustainability, to enable the Company to deliver trusted nutrition, enduring partnerships, and long-term value for its stakeholders.

Forward Looking Statements

Statements contained in this press release that are not historical facts are forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. The forward-looking statements are based on management’s current intent, belief, expectations, estimates and projections regarding our Company and our industry. These statements are not guarantees of future performance and involve risks, uncertainties, assumptions and other factors that are difficult to predict and may be beyond our control. The factors that could cause actual results to differ materially from those projected in the forward-looking statements include, among others, (i) the risk factors set forth the Company’s SEC Filings (including its Annual Report on Form 10-K, as updated in Part II Item A of the Quarterly Reports on Form 10-Q and Current Reports on Form 8-K), (ii) the risks and hazards inherent in the shell egg, egg products, and prepared foods operations (including, as applicable, disease, pests, weather conditions, and potential for product recall), including but not limited to the current outbreak of HPAI affecting poultry in the U.S., Canada and other countries that was first detected in commercial flocks in the U.S. in November 2023 and that first impacted our flocks in December 2023, (iii) changes in the demand for and market prices of shell eggs and feed costs as well as increase in input costs for prepared foods, (iv) our ability to predict and meet demand for cage-free and other specialty eggs, (v) risks, changes, or obligations that could result from our recent or future acquisition of new flocks or businesses, such as our acquisition of Echo Lake Foods completed June 2, 2025, and risks or changes that may cause conditions to completing a pending acquisition not to be met, (vi) our ability to successfully integrate and manage recently acquired businesses like Echo Lake Foods and realize the expected benefits of such acquisitions, including synergies, cost savings, reduction in earnings volatility, margin expansion, financial returns, expanded customer relationships, or sales or growth opportunities, (vii) our ability to compete effectively with existing and new market entrants, retain existing customers, acquire new customers and grow our product mix including our prepared foods product offerings, (viii) the impacts and potential future impacts of government, customer and consumer reactions to recent high market prices for eggs, (ix) potential impacts to our business as a result of our Company ceasing to be a “controlled company” under the rules of The Nasdaq Stock Market on April 14, 2025, (x) risks relating to potential changes in inflation, interest rates and trade and tariff policies, (xi) adverse results in pending litigation and other legal matters, and (xii) global instability, including as a result of the war in Ukraine, the conflicts involving Israel and Iran, and attacks on shipping in the Red Sea. The Company’s SEC filings may be obtained from the SEC or the Company’s website, www.calmainefoods.com. Readers are cautioned not to place undue reliance on forward-looking statements because, while we believe the assumptions on which the forward-looking statements are based are reasonable, there can be no assurance that these forward-looking statements will prove to be accurate. Further, forward-looking statements included herein are made only as of the respective dates thereof, or if no date is stated, as of the date hereof. Except as otherwise required by law, we disclaim any intent or obligation to update publicly these forward-looking statements, whether because of new information, future events, or otherwise.

Contacts

Investors: [email protected]
Media: [email protected]
Telephone: (601) 948-6813



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B&G Foods Declares Regular Quarterly Dividend

B&G Foods Declares Regular Quarterly Dividend

PARSIPPANY, N.J.–(BUSINESS WIRE)–
B&G Foods, Inc. (NYSE: BGS) announced today that its Board of Directors has declared a regular quarterly cash dividend of $0.19 per share of common stock. The dividend is payable on April 30, 2026 to stockholders of record as of March 31, 2026.

At the closing market price of the common stock on March 2, 2026, the current dividend rate represents an annualized yield of 14.7%. This is the 86th consecutive quarterly dividend declared by the Board of Directors since B&G Foods’ initial public offering in October 2004.

About B&G Foods, Inc.

Based in Parsippany, New Jersey, B&G Foods and its subsidiaries manufacture, sell and distribute high-quality, branded shelf-stable and frozen foods across the United States, Canada and Puerto Rico. With B&G Foods’ diverse portfolio of more than 50 brands you know and love, including B&G, B&M, Bear Creek, Cream of Wheat, Crisco, Dash, Green Giant, Las Palmas, Mama Mary’s, Maple Grove Farms, New York Style, Ortega, Polaner, Spice Islands and Victoria, there’s a little something for everyone. For more information about B&G Foods and its brands, please visit www.bgfoods.com.

Investor Relations:

ICR, Inc.

Anna Kate Heller

[email protected]

Media Relations:

ICR, Inc.

Matt Lindberg

[email protected]

KEYWORDS: New Jersey United States North America

INDUSTRY KEYWORDS: Food/Beverage Manufacturing Other Manufacturing Retail Supermarket

MEDIA:

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Veea Inc. Open-Sources Lobster Trap and Partners with NativelyAI to Advance Secure Agent Deployment

Free, open-source software inspects every conversation between AI agents and the models they rely on. It is integrated within NativelyAI’s 250,000+ developer ecosystem and available as part of TerraFabric, Veea’s control plane for governed autonomous systems at the edge

BARCELONA, Spain, March 02, 2026 (GLOBE NEWSWIRE) — At Mobile World Congress 2026 in Barcelona, Veea Inc. (NASDAQ: VEEA) today announced the open-source release of Lobster Trap, a lightweight security tool that monitors and enforces rules on interactions between AI agents and the language models that power them.

Lobster Trap is available immediately under the MIT license at http://github.com/veeainc/lobstertrap and ships as a component of TerraFabric, Veea’s control plane for governed autonomous systems at the edge.

To accelerate enterprise adoption and embed conversation-layer security directly into development workflows, Veea is partnering with NativelyAI’s builder community platform, lablab.ai, which has more than 250,000 AI developers building and deploying AI applications. Through this collaboration, Lobster Trap will be packaged within Native.Builder, NativelyAI’s AI software production platform, enabling development teams to deploy AI agents with policy enforcement built in.

The partnership places Lobster Trap inside an established AI builder ecosystem and accelerates the development of enterprise policy packs, reference integrations, and secure deployment templates for production environments.

The Problem: AI Agents Are Getting Access. The Guardrails Haven’t Kept Up.

AI agents are increasingly given the ability to read files, write code, send messages, and take actions inside real business systems. That capability introduces significant risk to enterprises. A manipulated prompt or an unexpected model response can expose passwords, leak sensitive data, or trigger unintended actions.

Most organizations today have no visibility into what their AI agents are asking a model to do, or what the model is responding with in return. Existing web and API security tools were not designed to inspect this conversational layer.

“The industry has spent the last two years racing to give AI agents more power,” said Allen Salmasi, Founder and CEO of Veea. “What has been missing is a practical way to observe and enforce policy at the point where the AI agents interact with AI models. Lobster Trap addresses that gap.”

How It Works

Lobster Trap runs inline between AI agents and the language models they communicate with. Every prompt sent by the agent and every response returned by the model is evaluated against defined security policies before the agent is allowed to proceed.

If a violation is detected, Lobster Trap can block the interaction, flag it for review, or log it for analysis.

The scanning occurs under a millisecond and introduces no meaningful delay. The tool works with AI backends that use the standard OpenAI-compatible interface, allowing most deployments to adopt it without modifying application code.

Security policies are defined in a configuration file. Out of the box, Lobster Trap detects prompt injection attempts, credential exposure, personal information leakage, suspicious file access, and data exfiltration patterns.

NativelyAI Partnership: Enterprise Adoption and Secure Agent Templates

Through its collaboration with NativelyAI and its community product LabLab.ai, Veea is supporting enterprise policy packs, reference integrations, and secure agent blueprints that make conversation-layer controls repeatable across teams and industries.

By packaging Lobster Trap inside Native.Builder, development teams can launch agent-based applications with policy enforcement enabled by default. This reduces the need to retrofit controls later and simplifies secure deployment in enterprise environments.

Why TerraFabric

TerraFabric is Veea’s control plane for governed autonomous systems at the edge. It manages distributed infrastructure as coordinated systems rather than isolated devices, applying policy enforcement, orchestration, and lifecycle control across fleets.

Lobster Trap extends that governance model to the conversation layer. Where TerraFabric governs what workloads run and where they run, Lobster Trap governs what those workloads are allowed to ask and what they are allowed to receive from language models.

In a TerraFabric deployment, Lobster Trap runs on local hardware. Prompt data, model responses, and audit logs can remain on-premises, supporting security and data sovereignty requirements.

“Autonomy without control introduces risk,” Salmasi said. “TerraFabric governs infrastructure. Lobster Trap governs AI conversation. Together, they give operators policy enforcement at every layer.”

Open source by design

Veea is releasing Lobster Trap under the MIT license, enabling developers to use, modify, and extend it freely. The project is written in Go and compiles to a single file with no external dependencies, allowing it to run on Linux, macOS, or Windows.

Availability

Lobster Trap is available now at http://github.com/veeainc/lobstertrap.

TerraFabric is currently in early deployments. Organizations interested in evaluating TerraFabric with integrated Lobster Trap capabilities can request early access at veea.com.

About Veea Inc.

Veea Inc. (NASDAQ: VEEA) is a global leader in AI-driven edge infrastructure. Founded in 2014 and headquartered in New York City, Veea’s platform integrates connectivity, computing, cybersecurity, storage and AI in a unified solution for edge deployments ranging from SMBs to enterprise campuses, smart industries and remote communities. With more than 123 patents in related technology domains, Veea has been recognized by Gartner for its edge computing innovation. For more information, visit veea.com.

About NativelyAI Inc.

NativelyAI is an AI software production platform that mobilizes one of the world’s largest developer ecosystems to build and deploy enterprise AI systems. Through structured build cycles and integrated production infrastructure, NativelyAI enables organizations to move from concept to secure, production-grade deployment at scale.

Media Contact:

Thomas Latiolais
[email protected]

Forward-Looking Statements

Certain statements in this press release constitute “forward-looking statements.” Such forward-looking statements are often identified by words such as “believe,” “may,” “will,” “estimate,” “continue,” “anticipate,” “intend,” “expect,” “should,” “would,” “plan,” “predict,” “forecasted,” “projected,” “potential,” “seem,” “future,” “outlook,” and similar expressions that predict or indicate future events or trends or otherwise indicate statements that are not of historical matters, but the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements include, among other things, statements relating to the intended use of proceeds from our future offerings. These forward-looking statements and factors that may cause actual results to differ materially from current expectations include, but are not limited to: the ability of Veea to grow and manage growth profitably, maintain key relationships and retain its management and key employees; risks related to the uncertainty of the projected financial information with respect to Veea; risks related to the price of Veea’s securities, including volatility resulting from changes in the competitive and highly regulated industries in which Veea plans to operate, variations in performance across competitors, changes in laws and regulations affecting Veea’s business and changes in the combined capital structure; and risks related to the ability to implement business plans, forecasts, and other expectations and identify and realize additional opportunities. The foregoing list of factors is not exhaustive. All statements other than statements of historical facts included in this press release regarding the Company’s strategies, prospects, financial condition, operations, costs, plans and objectives are forward-looking statements. Important factors that could cause the Company’s actual results and financial condition to differ materially from those indicated in the forward-looking statements. Such forward-looking statements include, but are not limited to, risks and uncertainties including those regarding: the Company’s business strategies, and the risk and uncertainties described in “Risk Factors,” “Management’s Discussion and Analysis of Financial Condition and Results of Operations,” “Cautionary Note on Forward-Looking Statements” and the additional risk described in Veea’s annual report on Form 10-K for the year ended December 31, 2024, quarterly reports on Form 10-Q, registration statements on Form S-1, and any other filings which Veea makes with the U.S. Securities and Exchange Commission. You should not rely upon forward-looking statements as predictions of future events. The forward-looking statements made in the press release relate only to events or information as of the date on which the statements are made in the press release. We undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events except as required by law. You should read this press release with the understanding that our actual future results may be materially different from what we expect. Stockholders and prospective investors are cautioned not to place undue reliance on these 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. References for legal team (to be deleted prior to release)



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Great Elm Capital Corp. Announces Fourth Quarter and Full Year 2025 Financial Results and New Executive Chairman of Board

Company to Host Conference Call and Webcast at 8:30 AM ET on March 3, 2026


Jason Reese Appointed as Executive Chairman of the Board of Directors, Succeeding Matthew Drapkin and Fortifying the Board’s Management Oversight


Mr. Drapkin Continues to Serve as Vice Chairman of Great Elm Group, Inc. – Remaining Engaged with GECC and Great Elm Capital Management, LLC, its Investment Adviser


Platform Strengthened with Seasoned Credit Investor Chris Croteau Hired as Head of Research


GECC’s Investment Adviser Waives All Accrued Incentive Fees as of December 31, 2025, Equating to Approximately $2.3 Million, or $0.16 Per Share, and 1Q 2026 Incentive Fees Waived as Well


GAAP NAV of $8.07 Per Share as of December 31, 2025


Pro Forma NAV of $8.23 Per Share as of December 31, 2025, Reflects Waived Incentive Fees Adjustment


Net Investment Income (“NII”) of $0.31 in 4Q 2025 Per Share Grew Over 50% Quarter-over-Quarter


Strong Liquidity Position with Approximately $5 Million of Cash and Equivalents, $50 Million of Revolving Credit Facility Availability, and Ample Liquid Assets as of December 31, 2025


Repurchased $18.7 Million of GECCO notes due June 2026 to Date Leaving $38.8 Million Outstanding as of February 27, 2026


Call Notice Issued for $20 Million of GECCO Notes to be Redeemed on March 31, 2026


Board Declares $0.30 Per Share Distribution for the First Quarter of 2026, Resulting in an Annualized Dividend Yield of 19.2% as of February 27, 2026

PALM BEACH GARDENS, Fla., March 02, 2026 (GLOBE NEWSWIRE) — Great Elm Capital Corp. (“we,” “our,” the “Company” or “GECC”) (NASDAQ: GECC), a business development company, today announced both its financial results for the fourth quarter and full year ended December 31, 2025, and the appointment of Jason Reese as Executive Chairman of the Board of Directors.

Executive Chairman and Management Commentary

Jason Reese, Executive Chairman of the Board of Directors of the Company stated, “First, I would like to sincerely thank Matt Drapkin for his leadership and dedication to GECC during his tenure on the Board. It is important to note that Matt will continue in his role as Vice Chairman of GEG, working closely with me to create value for both GEG and GECC shareholders. His commitment to the Company has helped position GECC for its next chapter, and we appreciate his meaningful contribution and service.

I am honored to step into the role of Executive Chairman at GECC at this important time for the Company. GECC has a strong foundation, and I look forward to working closely with the Board and management team to build on that foundation with disciplined credit underwriting, active portfolio management, and a continued focus on long-term shareholder value.

The Manager’s decision to waive all accrued and unpaid incentive fees through the first quarter of 2026 reflects a clear commitment to alignment with GECC shareholders. We believe this action underscores our focus on enhancing net asset value, improving earnings quality, and positioning GECC for sustainable performance going forward.

With decades of experience in credit investing and portfolio oversight, I am committed to bringing rigorous discipline, transparency, and accountability to GECC as we navigate today’s market environment and work to deliver attractive risk-adjusted returns for our investors.”

Matt Kaplan, GECC’s Chief Executive Officer, stated, “Our fourth quarter results reflected a challenging credit environment, including realized and unrealized losses in select positions. We proactively managed the portfolio during the quarter, exiting certain underperforming investments. We ended the period with ample liquidity, and less than 1% of investments on nonaccrual, positioning us to prudently deploy capital into cash-generating opportunities through our proprietary network. In addition, our portfolio had a significantly underweight allocation to software businesses, which represented approximately 6% of total investments at year end and less than 4% at February 27, with our largest software-related position representing less than 1% of the portfolio.

While capital deployment remained measured during the quarter, given historically tight spreads, we continued to expand our private credit pipeline, enhance portfolio credit quality, and further diversify the portfolio.

Finally, last week, we called $20 million of our GECCO notes for redemption on March 31, 2026. This further bolsters our balance sheet and positions us to strategically address the remaining balance of the notes.”

Recent Board Actions and Shareholder Returns

  • GECC’s Board of Directors appointed Jason Reese as Executive Chairman effective today, succeeding Matthew Drapkin, to provide seasoned credit investment experience and active management oversight.
    • Mr. Reese currently serves as Chairman and CEO of Great Elm Group, Inc. (NASDAQ: GEG), the parent of the Company’s investment adviser.
  • Great Elm Capital Management, LLC (“GECM” or the “Investment Adviser”), GECC’s external investment adviser, waived all accrued incentive fees through March 31, 2026. As of December 31, 2025, there were approximately $2.3 million, or $0.16 per share, of accrued incentive fees recorded on GECC’s balance sheet.
  • The Company’s Board of Directors approved a quarterly dividend of $0.30 per share for the first quarter of 2026, equating to a 19.2% annualized yield on GECC’s February 27, 2026, closing price of $6.26.
  • In the fourth quarter of 2025, the GECC’s Board of Directors authorized a stock repurchase program, whereby the Company may opportunistically repurchase up to an aggregate of $10 million of its outstanding common shares.

Fourth Quarter and Recent Operating Highlights

  • Total investment income (“TII”) for the quarter ended December 31, 2025, was $12.6 million, as compared to $10.6 million for the quarter ended September 30, 2025.
    • GECC received $4.3 million of cash distributions from the CLO Formation JV, LLC (“CLO JV”) in the quarter ended December 31, 2025, as compared to $1.5 million in the quarter ended September 30, 2025.
    • Additionally, in the first quarter through March 2, 2026, GECC received $2.5 million of cash distributions from the CLO JV.
  • Net investment income (“NII”) for the quarter ended December 31, 2025, was $4.4 million, or $0.31 per share, as compared to $2.4 million, or $0.20 per share, for the quarter ended September 30, 2025.
    • NII quarter-over-quarter growth in excess of 50% was primarily driven by increased cash income from investments.
  • Net assets were $112.9 million, or $8.07 per share, as of December 31, 2025, as compared to $140.1 million, or $10.01 per share, as of September 30, 2025.
    • Unrealized losses comprised more than half of the change in net assets.
  • Pro forma net assets, reflecting solely the impact of the incentive fee waiver as approved by the Company’s Investment Adviser, were $115.2 million, or $8.23 per share, as of December 31, 2025.
  • GECC’s asset coverage ratio was 158.1% as of December 31, 2025, as compared to 168.2% as of September 30, 2025.
    • Pro forma asset coverage ratio was approximately 166.0% as of December 31, 2025, reflecting the impact of the incentive fee waiver and called GECCO notes.

Fourth Quarter and Other Recent Capital Activity

  • In the fourth quarter of 2025, the Company repurchased approximately $18.5 million of the outstanding principal amount of its 5.875% senior notes due June 2026 (NASDAQ: GECCO) in open market transactions at prices at or below par, plus accrued interest.
  • Furthermore, in the first quarter through February 27, 2026, GECC repurchased approximately $0.2 million of the outstanding principal amount of its GECCO notes at prices at or below par, plus accrued interest.
  • Last week we issued a notice to call $20 million of GECCO notes on March 31, 2026, leaving less than $19 million outstanding as we exit 1Q 2026.


Full Year Commentary

  • During 2025, the Company took steps to improve portfolio credit quality and earnings durability by exiting higher-risk investments, reducing payment-in-kind income as a percentage of total investment income, and ending the year with non-accruals below 1% of the portfolio.
  • We also strengthened our investment platform during the year with the addition of Chris Croteau as Head of Research. Mr. Croteau brings over 25 years of credit experience and has played a key role in portfolio development and underwriting.

Financial Highlights – Per Share Data

  Q4/2024 Q1/2025 Q2/2025 Q3/2025 Q4/2025
Earnings Per Share (“EPS”) $0.17 $0.04 $1.02 ($1.79) ($1.57)
Net Investment Income (“NII”) Per Share $0.20 $0.40 $0.51 $0.20 $0.31
Pre-Incentive Net Investment Income Per Share $0.20 $0.50 $0.64 $0.20 $0.39
Net Realized and Unrealized Gains / (Losses) Per Share ($0.03) ($0.36) $0.51 ($1.98) ($1.88)
Net Asset Value Per Share at Period End $11.79 $11.46 $12.10 $10.01 $8.07
Distributions Paid / Declared Per Share $0.40 $0.37 $0.37 $0.37 $0.37
           

Portfolio and Investment Activity

As of December 31, 2025, GECC held total investments of $298.3 million at fair value, as follows:

  • 67 debt investments in corporate credit, totaling approximately $178.2 million, representing 59.7% of the fair market value of the Company’s total investments. Secured debt investments comprised a substantial majority of the fair market value of the Company’s debt investments.
  • An investment in Great Elm Specialty Finance, totaling approximately $38.4 million, comprised of one debt investment of $25.3 million and one equity investment of $13.1 million, representing 8.5% and 4.4%, respectively, of the fair market value of the Company’s total investments.
  • CLO investments, totaling approximately $47.9 million, representing 16.1% of the fair market value of the Company’s total investments.
  • Five dividend-paying equity investments, totaling approximately $17.7 million, representing 5.9% of the fair market value of the Company’s total investments.
  • Other equity investments, totaling approximately $16.1 million, representing 5.4% of the fair market value of the Company’s total investments.

As of December 31, 2025, the weighted average current yield on the Company’s debt portfolio was 11.7% (1). Floating rate instruments comprised approximately 74% of the fair market value of debt investments and the Company’s fixed rate debt investments had a weighted average maturity of 1.8 years.

During the quarter ended December 31, 2025, the Company deployed approximately $48.2 million into 32 investments (2) at a weighted average current yield of 8.1%.

During the quarter ended December 31, 2025, the Company monetized, in part or in full, 46 investments for approximately $49.1 million (3), at a weighted average current yield of 9.3%. Monetizations include $18.2 million of mandatory debt repayments and redemptions at a weighted average current yield of 6.9%.

Financial Review

Total investment income for the quarter ended December 31, 2025, was $12.6 million, or $0.90 per share. Total expenses for the quarter ended December 31, 2025, were approximately $8.2 million, or $0.58 per share, inclusive of excise tax expense.

Net realized and unrealized losses for the quarter ended December 31, 2025, were approximately $26.4 million, or $1.88 per share, with over 50% comprised of unrealized losses.

Liquidity and Capital Resources

As of December 31, 2025, cash and money market fund investments totaled approximately $5 million. In addition, GECC had $50.0 million of availability on its revolving line of credit (the “Revolver”) and approximately $11 million of liquid exchange-traded assets as of December 31, 2025.

As of December 31, 2025, total debt outstanding (par value) was $194.4 million, comprised of $39.0 million 5.875% senior notes due June 2026 (NASDAQ: GECCO), $56.5 million 8.50% senior notes due April 2029 (NASDAQ: GECCI), $41.4 million 8.125% senior notes due December 2029 (NASDAQ: GECCH), and $57.5 million 7.75% senior notes due December 2030 (NASDAQ: GECCG).

Distributions

The Company’s Board of Directors has approved a quarterly cash distribution of $0.30 per share for the quarter ending March 31, 2026, to be paid from distributable earnings. The first quarter distribution will be payable on March 31, 2026, to stockholders of record as of March 16, 2026.

The distribution equates to a 19.2% annualized dividend yield on the Company’s closing market price on February 27, 2026, of $6.26, and a 14.9% annualized dividend yield on the Company’s December 31, 2025, NAV of $8.07 per share. The distribution equates to a 14.6% annualized dividend yield based on the Company’s pro forma NAV as of December 31, 2025, adjusted for the impact of the incentive fee waiver.

Stock Repurchase Program

In the fourth quarter of 2025, the Company’s Board of Directors authorized a stock repurchase program, whereby the Company may opportunistically repurchase up to an aggregate of $10 million of its outstanding common shares. The authorization represents approximately 11% of the Company’s market capitalization as of February 27, 2026.

Conference Call and Webcast

GECC will discuss these results in a conference call at 8:30 a.m. ET on March 3, 2026.

Conference Call Details
   
Date/Time:     Tuesday, March 3, 2026 – 8:30 a.m. ET
   
Participant Dial-In Numbers:  
(United States):    877-407-0789
(International):    201-689-8562
   

To access the call, please dial-in approximately five minutes before the start time and, when asked, provide the operator with passcode “GECC”. An accompanying slide presentation will be available in pdf format via the “Events and Presentations” section of Great Elm Capital Corp.’s website here after the issuance of the earnings release.

Webcast

The call and presentation will also be simultaneously webcast over the internet via the “Events and Presentations” section of GECC’s website or by clicking on the webcast link here.

About Great Elm Capital Corp.

GECC is an externally managed business development company that seeks to generate current income and capital appreciation by investing in debt and income generating equity securities, including investments in specialty finance businesses and CLOs. For additional information, please visit http://www.greatelmcc.com.

Cautionary Statement Regarding Forward-Looking Statements

Statements in this communication that are not historical facts are “forward-looking” statements within the meaning of the federal securities laws. These statements include statements regarding our future business plans and expectations. These statements are often, but not always, made through the use of words or phrases such as “expect,” “anticipate,” “should,” “will,” “estimate,” “designed,” “seek,” “continue,” “upside,” “potential” and similar expressions. All such forward-looking statements involve estimates and assumptions that are subject to risks, uncertainties and other factors that could cause actual results to differ materially from the results expressed in the statements. The key factors that could cause actual results to differ materially from those projected in the forward-looking statements include, without limitation: conditions in the credit markets, our expected financings and investments, including interest rate volatility, inflationary pressure, the price of GECC common stock and the performance of GECC’s portfolio and investment manager. Information concerning these and other factors can be found in GECC’s Annual Report on Form 10-K and other reports filed with the Securities and Exchange Commission. GECC assumes no obligation to, and expressly disclaims any duty to, update any forward-looking statements contained in this communication or to conform prior statements to actual results or revised expectations except as required by law. Readers are cautioned not to place undue reliance on these forward-looking statements that speak only as of the date hereof.

Endnotes:

(
1
) 		Weighted average current yield is based upon the stated coupon rate and fair value of outstanding debt securities at the measurement date and excludes nine non-accrual investments with a fair value of $2.7 million as of December 31, 2025.
(
2
) 		This includes new deals, additional fundings (including those on revolving credit facilities), refinancings and capitalized PIK income. Amounts included herein do not include investments in short-term securities, including United States Treasury Bills.
(
3
) 		This includes scheduled principal payments, prepayments, sales and repayments (inclusive of those on revolving credit facilities). Amounts included herein do not include investments in short-term securities, including United States Treasury Bills.
   

Media & Investor Contact: 

Investor Relations        
[email protected]

GREAT ELM CAPITAL CORP.

CONSOLIDATED STATEMENTS OF ASSETS AND LIABILITIES (unaudited)

Dollar amounts in thousands (except per share amounts)

    December 31,
2025 		  December 31,
2024
Assets        
Investments        
Non-affiliated, non-controlled investments, at fair value (amortized cost of $254,313 and $244,378, respectively)   $ 218,381     $ 240,958  
Non-affiliated, non-controlled short-term investments, at fair value (amortized cost of $32,803 and $8,448, respectively)     32,803       8,448  
Affiliated investments, at fair value (amortized cost of $12,379 and $12,379, respectively)     –       –  
Controlled investments, at fair value (amortized cost of $94,683 and $87,014, respectively)     79,887       83,304  
Total investments     331,071       332,710  
         
Cash and cash equivalents     1,834       –  
Receivable for investments sold     3,215       5,065  
Interest receivable     2,182       3,306  
Dividends receivable     1,046       364  
Due from portfolio company     –       32  
Due from affiliates     218       160  
Deferred financing costs     256       237  
Prepaid expenses and other assets     953       154  
Total assets   $ 340,775     $ 342,028  
         
Liabilities        
Notes payable (including unamortized discount of $5,064 and $5,705, respectively)   $ 189,319     $ 189,695  
Payable for investments purchased     33,652       11,194  
Interest payable     64       32  
Accrued incentive fees payable     2,267       1,712  
Distributions payable     –       577  
Due to affiliates     1,475       1,385  
Accrued expenses and other liabilities     1,052       1,320  
Total liabilities   $ 227,829     $ 205,915  
         
Commitments and contingencies (Note 7)        
         
Net Assets        
Common stock, par value $0.01 per share (100,000,000 shares authorized, 13,998,168 shares issued and outstanding and 11,544,415 shares issued and outstanding, respectively)   $ 140     $ 115  
Additional paid-in capital     358,778       332,111  
Accumulated losses     (245,972 )     (196,113 )
Total net assets   $ 112,946     $ 136,113  
Total liabilities and net assets   $ 340,775     $ 342,028  
Net asset value per share   $ 8.07     $ 11.79  
                 



GREAT ELM CAPITAL CORP.

CONSOLIDATED STATEMENTS OF OPERATIONS (unaudited)

Dollar amounts in thousands (except per share amounts)

    For the Year Ended December 31,
      2025       2024       2023  
Investment Income:            
Interest income from:            
Non-affiliated, non-controlled investments   $ 24,571     $ 24,619     $ 23,582  
Non-affiliated, non-controlled investments (PIK)     3,080       3,026       2,281  
Affiliated investments     –       64       128  
Controlled investments     3,356       3,832       2,677  
Controlled investments (PIK)     –       –       233  
Total interest income     31,007       31,541       28,901  
Dividend income from:            
Non-affiliated, non-controlled investments     2,819       2,354       1,147  
Controlled investments     13,824       4,571       2,331  
Total dividend income     16,643       6,925       3,478  
Other commitment fees from non-affiliated, non-controlled investments     –       700       3,075  
Other income from:            
Non-affiliated, non-controlled investments     2,164       157       264  
Non-affiliated, non-controlled investments (PIK)     174       –       107  
Total other income     2,338       157       371  
Total investment income   $ 49,988     $ 39,323     $ 35,825  
             
Expenses:            
Management fees   $ 4,987     $ 4,456     $ 3,539  
Incentive fees     3,742       2,580       3,132  
Administration fees     1,619       1,376       1,522  
Custody fees     134       147       81  
Directors’ fees     213       211       205  
Professional services     2,023       1,816       1,772  
Interest expense     18,405       14,882       11,742  
Other expenses     967       1,054       1,003  
Total expenses   $ 32,090     $ 26,522     $ 22,996  
Net investment income before taxes   $ 17,898     $ 12,801     $ 12,829  
Excise tax   $ 579     $ 348     $ 287  
Net investment income   $ 17,319     $ 12,453     $ 12,542  
             
Net realized and unrealized gains (losses):            
Net realized gain (loss) on investment transactions from:            
Non-affiliated, non-controlled investments   $ (5,285 )   $ 2,500     $ (1,246 )
Affiliated investments     –       (626 )     –  
Controlled investments     –       –       (3,461 )
Realized loss on repurchase of debt     (222 )     (3 )     –  
Total net realized gain (loss)     (5,507 )     1,871       (4,707 )
Net change in unrealized appreciation (depreciation) on investment transactions from:        
Non-affiliated, non-controlled investments     (32,515 )     (7,129 )     15,040  
Affiliated investments     –       (22 )     (226 )
Controlled investments     (11,086 )     (3,620 )     2,684  
Total net change in unrealized appreciation (depreciation)     (43,601 )     (10,771 )     17,498  
Net realized and unrealized gains (losses)   $ (49,108 )   $ (8,900 )   $ 12,791  
Net increase (decrease) in net assets resulting from operations   $ (31,789 )   $ 3,553     $ 25,333  
             
Earnings per share (basic and diluted):   $ (2.57 )   $ 0.36     $ 3.33  
Weighted average shares outstanding (basic and diluted):     12,360,314       9,844,014       7,601,958  



Posted on

TransAlta Corporation Provides Conversion Right and Dividend Rate Notice for Series A and B Preferred Shares

CALGARY, Alberta, March 02, 2026 (GLOBE NEWSWIRE) — TransAlta Corporation (TransAlta or the Company) (TSX: TA) (NYSE: TAC) announced today that it does not intend to exercise its right to redeem all or any portion of the currently outstanding Cumulative Redeemable Rate Reset First Preferred Shares, Series A (Series A Shares) (TSX: TA.PR.D) and the Cumulative Redeemable Floating Rate First Preferred Shares, Series B (Series B Shares) (TSX: TA.PR.E) on March 31, 2026 (the Conversion Date).

As a result, and subject to certain conditions, the holders of the Series A Shares will have the right to elect to: (a) retain any or all of their Series A Shares and continue to receive a fixed rate quarterly dividend; or (b) convert all or any of their Series A Shares into Series B Shares on the basis of one Series B Share for each Series A Share on the Conversion Date and receive a floating rate quarterly dividend.

Comparably, subject to certain conditions, the holders of the Series B Shares will have the right to elect to: (a) retain any or all of their Series B Shares and continue to receive a floating rate quarterly dividend; or (b) convert all or any of their Series B Shares into Series A Shares on the basis of one Series A Share for each Series B Share on the Conversion Date and receive a fixed rate quarterly dividend.

As provided in the share terms, the foregoing conversion right is subject to the conditions that: (i) if TransAlta determines that there would remain outstanding immediately following the conversion, less than 1,000,000 Series A Shares, holders of Series B Shares shall not be entitled to convert their shares into Series A Shares, and the remaining Series A Shares will automatically convert to Series B Shares, on the Conversion Date; or (ii) if TransAlta determines that there would remain outstanding immediately after the conversion, less than 1,000,000 Series B Shares, holders of Series A Shares shall not be entitled to convert their shares into Series B Shares, and the remaining Series B Shares will automatically convert to Series A Shares, on the Conversion Date. There are currently 9,629,913 Series A Shares outstanding and 2,370,087 Series B Shares.

Should a holder of Series A Shares choose to retain their shares, such shareholders will receive the quarterly fixed dividend rate applicable to Series A Shares of 1.19550% (4.78200% on an annualized basis) for the five-year period from and including March 31, 2026 to but excluding March 31, 2031. Should a holder of Series A Shares choose to convert their shares to Series B Shares, the Series B Shares that may be issued on the Conversion Date will receive the floating quarterly dividend rate applicable to the Series B Shares of 1.05236% (4.22100% on an annualized basis) for the three-month period from and including March 31, 2026 to but excluding June 30, 2026. The floating dividend rate will be reset every quarter.

Should a holder of Series B Shares choose to retain their shares, such shareholders will receive the floating quarterly dividend rate applicable to Series B Shares of 1.05236% (4.22100% on an annualized basis) for the three-month period from and including March 31, 2026 to but excluding June 30, 2026. The floating dividend rate will be reset every quarter. Should a holder of Series B Shares choose to convert their shares to Series A Shares, holders of Series A Shares will receive the fixed quarterly dividend rate applicable to the Series A Shares of 1.19550% (4.78200% on an annualized basis) for the five-year period from and including March 31, 2026 to but excluding March 31, 2031.

The Series A Shares and Series B Shares are issued in book entry only form and must be purchased or transferred through a participant in the CDS depository service (CDS Participant). All rights of holders of Series A Shares and Series B Shares must be exercised through CDS or the CDS Participant through which the shares are held. The deadline for the registered shareholder to provide notice of exercise of the right to convert Series A Shares into Series B Shares, or Series B Shares into Series A Shares, as applicable, is 3:00 p.m. (MST) / 5:00 p.m. (EST) on March 16, 2026. Any notices received after this deadline will not be valid. As such, holders of Series A Shares or Series B Shares who wish to exercise their right to convert their shares should contact their broker or other intermediary for more information and it is recommended that this be done as soon as possible and well in advance of the deadline in order to provide the broker or other intermediary with time to complete the necessary steps.

If TransAlta does not receive an election notice from a holder of Series A Shares or Series B Shares during the time fixed therefor, then such shares shall be deemed not to have been converted (except in the case of an automatic conversion described above). Holders of the Series A Shares and the Series B Shares will have the opportunity to convert their shares again on March 31, 2031, and every five years thereafter as long as the shares remain outstanding. For more information on the terms of the Series A Shares and the Series B Shares, please see TransAlta’s articles of amalgamation, including the share terms and shares in series schedule attached thereto as Schedule A, which are available on the Company’s website under Governance.

About TransAlta Corporation:

TransAlta is one of Canada’s largest publicly traded power generators, delivering reliable electricity across Canada, the United States and Western Australia. For more than 100 years, our people have safely operated and evolved essential energy infrastructure that powers customers and communities. Our technology-diverse portfolio and disciplined execution allow us to deliver dependable power across evolving energy systems. We take a practical, responsible approach to meeting today’s energy needs while building for what comes next.

For more information about TransAlta, visit our web site at


transalta.com


.

Forward Looking Information

This news release contains certain information that is forward-looking and is subject to important risks and uncertainties (such statements are usually accompanied by words such as “may”, “will”, “should”, “estimate”, “intend” or other similar words). Specifically, this news release contains forward-looking information with respect to the Company and the conversion of the Series A Shares and the Series B Shares. All forward-looking information reflects the Company’s beliefs and assumptions based on information available at the time the statements were made and as such are not guarantees of future performance. Readers are cautioned not to place undue reliance on this forward-looking information, which is given as of the date it is expressed in this news release. TransAlta undertakes no obligation to update or revise any forward-looking information except as required by law. For additional information on the assumptions made, and the risks and uncertainties which could cause actual results to differ from those in the forward-looking information, refer to the Company’s most recent Annual Report and Management’s Discussion and Analysis and the Prospectus Supplement dated Dec. 3, 2010, in each case filed under the Company’s profile on SEDAR at www.sedarplus.com.

For more information:


Investor Inquiries:
Media Inquiries:
Phone: 1-800-387-3598 in Canada and US Phone: 1-855-255-9184
Email: [email protected]  Email: [email protected] 



Posted on

Graco Inc. Announces Appointment of Sanjiv Gupta as Chief Financial Officer and Treasurer; David M. Lowe to Retire After Three Decades of Service

Graco Inc. Announces Appointment of Sanjiv Gupta as Chief Financial Officer and Treasurer; David M. Lowe to Retire After Three Decades of Service

MINNEAPOLIS–(BUSINESS WIRE)–
Graco Inc. (NYSE: GGG) announced today that it has appointed Sanjiv Gupta as Chief Financial Officer and Treasurer, effective April 15, 2026. Gupta will succeed David M. Lowe in the role, who recently informed the company of his intention to retire after a more than thirty-year career with Graco.

Gupta joins Graco from General Motors Company (NYSE: GM), where he has spent more than twenty years in various finance and operating roles of increasing leadership responsibility, most recently as Vice President & Chief Financial Officer, GM International. Having also served as Executive Director, Corporate Financial Planning and Analysis, and President and Managing Director, GM India, among other positions, he brings a wealth of leadership, corporate finance, operations, strategic planning, manufacturing and supply chain, and financial planning and analysis experience. Prior to General Motors, his early career included operational roles at Nestlé.

“Sanjiv has an established track record of leading global finance and commercial teams,” said Mark W. Sheahan, President and Chief Executive Officer. “He brings a deep understanding of the manufacturing industry, including an important end market served by Graco. I am excited for Sanjiv to leverage his finance and operational experiences to help accelerate our strategies to inflect top line growth.”

Gupta holds a Bachelor of Engineering (Industrial Engineering) from Thapar University in Patiala, India, and a Master of Business Administration from Western University’s Ivey School of Business in London, Canada.

Lowe, age 70, has served as Chief Financial Officer and Treasurer since 2021, and previously held a number of operational leadership roles during his more than three decades with the company. He joined Graco in 1995.

“Throughout his career at Graco, David has provided incredible vision and leadership,” said Sheahan. “His unwavering loyalty to the company, his professionalism, and his exceptional work ethic have set a powerful example for all who have worked with him. David has mentored countless employees over the years – including me – and his steady guidance and deep understanding of our business have shaped leaders across the organization. It has been my pleasure to work closely with David, and his insights have been invaluable to me personally and to the company. On behalf of Graco’s employees worldwide, I thank David for his significant contributions and wish him the very best in his retirement.”

To support a seamless transition, Lowe will remain available to assist the company through the end of May 2026.

ABOUT GRACO

Graco Inc. supplies technology and expertise for the management of fluids and coatings in both industrial and commercial applications. It designs, manufactures and markets systems and equipment to move, measure, control, dispense and spray fluid and powder materials. A recognized leader in its specialties, Minneapolis-based Graco serves customers around the world in the manufacturing, processing, construction, and maintenance industries. For additional information about Graco Inc., please visit us at www.graco.com.

FOR FURTHER INFORMATION:

Investors: David M. Lowe, 612-623-6456

Media: Kirstie L. Foster, 612-623-6249

[email protected]

KEYWORDS: Minnesota United States North America

INDUSTRY KEYWORDS: Manufacturing Other Manufacturing Engineering Machine Tools, Metalworking & Metallurgy Chemicals/Plastics

MEDIA:

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Posted on

TBBB Invites You to Join Its Fourth Quarter & Full Year 2025 Earnings Conference Call

TBBB Invites You to Join Its Fourth Quarter & Full Year 2025 Earnings Conference Call

MEXICO CITY–(BUSINESS WIRE)–
BBB Foods Inc. (NYSE: TBBB) (“Tiendas 3B” or “the Company”) will report its fourth quarter and full year 2025 earnings on March 11, 2026, after market close. You are invited to join our quarterly conference call, which will be webcast on March 12, 2026, at 12:00 p.m. ET. Anthony Hatoum, Chairman and CEO, and Eduardo Pizzuto, CFO, will host the call and take questions on the results.

Event: Tiendas 3B Fourth Quarter and Full Year 2025 Earnings Conference Call

When: March 12, 2026, 12:00 p.m. ET

Webinar /Dial In #:

  • To join the webinar: https://zoom.us/webinar/register/WN_n3iHgoaHQJWuxckAjgW6Ug
  • To join via telephone:
    1. Dial one of the domestic or international numbers listed below.

    2. Enter the webinar ID (958 8843 0066), followed by #.

    3. If the meeting has not yet started, press # to wait.

    4. You will be asked to enter your unique participant ID. Press # to skip.

Mexico

      

United States

+52 558 659 6002

      

+1 312 626 6799 (Chicago)

+52 554 161 4288

      

+1 346 248 7799 (Houston)

+52 554 169 6926

      

+1 646 558 8656 (New York)
       

Other international numbers available: https://us02web.zoom.us/u/knEOJCJkC

An audio replay from the conference call will be available on the Tiendas 3B website https://www.investorstiendas3b.com after the call.

About TBBB

BBB Foods Inc. (“Tiendas 3B”), a proudly Mexican company, is a pioneer and leader of the grocery hard discount model in Mexico and one of the fastest growing retailers in the country as measured by its sales and store growth rates. The 3B name, which references “Bueno, Bonito y Barato” – a Mexican saying which translates to “Good, Nice and Affordable” – summarizes Tiendas 3B’s mission of offering irresistible value to budget-savvy consumers through great quality products at bargain prices. By delivering value to the Mexican consumer, we believe we contribute to the economic well-being of Mexican families. In a landmark achievement, Tiendas 3B was listed on the New York Stock Exchange in February 2024 under the ticker symbol “TBBB.”

For more information, please visit: https://www.investorstiendas3b.com.

Investor Relations Contact:

[email protected]

KEYWORDS: Latin America Mexico Central America

INDUSTRY KEYWORDS: Other Consumer Discount/Variety Other Retail Supermarket Family Food/Beverage Lifestyle Consumer Retail

MEDIA:

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Posted on

Viper Energy Launches Secondary Common Stock Offering By Diamondback Energy, Inc. and Certain Affiliates of EnCap Investments, L.P. and Oaktree Capital Management, L.P.

MIDLAND, Texas, March 02, 2026 (GLOBE NEWSWIRE) — Viper Energy, Inc. (NASDAQ: VNOM) (“Viper”) announced today the launch of an underwritten public offering of 17,391,304 shares of its Class A common stock by Diamondback Energy, Inc. and certain affiliates of EnCap Investments, L.P. and Oaktree Capital Management, L.P. (together, the “Selling Stockholders”), subject to market and other conditions (the “Secondary Offering”). Viper will not receive any proceeds from the sale of the shares by the Selling Stockholders. The Selling Stockholders have also granted the underwriters a 30-day option to purchase up to an additional 2,608,696 shares of Viper’s Class A common stock, solely to cover over-allotments.

In connection with the Secondary Offering, Viper has agreed to purchase an aggregate of 1,000,000 units in Viper’s operating company, VNOM Holding Company LLC, from affiliates of Oaktree Capital Management, L.P., at a price per unit equal to the price per share to be received by Selling Stockholders in the Secondary Offering (the “Concurrent OpCo Unit Purchase”). The Secondary Offering is not conditioned upon the completion of the Concurrent OpCo Unit Purchase, but the Concurrent OpCo Unit Purchase is conditioned upon the completion of the Secondary Offering.

J.P. Morgan and Goldman Sachs & Co. LLC are acting as joint book-running managers for the Secondary Offering.

Viper has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. Copies of the prospectus and prospectus supplement for the Secondary Offering, when available, may be obtained from J.P. Morgan, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717 or by email at [email protected] and [email protected] and Goldman Sachs & Co. LLC, 200 West Street, New York, NY 10282, Attention: Prospectus Department, by telephone at (866) 471_2526 or by emailing [email protected].

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

About Viper Energy, Inc.

Viper is a publicly traded Delaware corporation that owns and acquires mineral and royalty interests in oil and natural gas properties primarily in the Permian Basin.

Cautionary Note Regarding Forward-Looking Statements

The information in this press release includes “forward-looking statements” within the meaning of Section 27A of the Securities Act and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact included in this press release, regarding the completion of the Secondary Offering and the Concurrent OpCo Unit Purchase, Viper’s strategy, future operations, financial position, estimated revenues and losses, projected costs, prospects, plans and objectives of management are forward-looking statements. When used in this press release, the words “could,” “may,” “believe,” “anticipate,” “intend,” “estimate,” “expect,” “project,” “goal,” “plan,” “target” and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. These forward-looking statements are based on management’s current expectations and assumptions about future events and are based on currently available information as to the outcome and timing of future events. Be cautioned that these forward-looking statements are subject to all of the risk and uncertainties, most of which are difficult to predict and many of which are beyond Viper’s control, incident to the development, production, gathering and sale of oil and natural gas. These risks include, but are not limited to, commodity price volatility, inflation, lack of availability of drilling and production equipment and services, risks relating to acquisitions, including its consummation or the realization of the anticipated benefits and synergies therefrom. Actual results could differ materially from those anticipated in these forward-looking statements as a result of certain factors, including, but not limited to, those set forth in Viper’s filings with the SEC, including the prospectus and prospectus supplement relating to the offering, the Registration Statement, its Annual Report on Form 10-K for the fiscal year ended December 31, 2025, under the caption “Risk Factors,” as may be updated from time to time in Viper’s periodic filings with the SEC. Any forward-looking statement in this press release speaks only as of the date of this release. Viper 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.

Investor Contacts:
Adam Lawlis
+1 432.221.7467
[email protected] 

Chip Seale
+1 432.247.6218
[email protected] 
Source: Viper Energy, Inc.