Market Newsdesk

BEIJING, Sept. 01, 2026 (GLOBE NEWSWIRE) — Li Auto Inc. (“Li Auto” or the “Company”) (Nasdaq: LI; HKEX: 2015), a leader in China’s new energy vehicle market, today announced that it delivered 37,679 vehicles in August 2026. As of August 31, 2026, Li Auto’s cumulative deliveries reached 1,801,834.

Li Auto will launch the new Li MEGA, a flagship MPV, on September 2, featuring upgrades in interior design, cabin experience, intelligent platform, and driving dynamics. In mid-September, the Company will further expand its BEV lineup with the launch of Li i9, a pioneering flagship family SUV. Also in September, MACH VLA will be rolled out to vehicles on the Thor and Orin-X platforms, and the Company will host a product launch event in Dubai to commence sales in the Middle East.

As of August 31, 2026, the Company had 487 retail stores in 160 cities, 533 servicing centers and Li Auto-authorized servicing shops operating in 218 cities. The Company also had 4,162 super charging stations in operation equipped with 22,939 charging stalls in China.

About Li Auto Inc.

Li Auto Inc. is a leader in China’s new energy vehicle market. The Company designs, develops, manufactures, and sells premium smart electric vehicles. Its mission is: Be Proactive, Change the World. Through innovations in product, technology, and business model, the Company provides families with safe, convenient, and comfortable products and services. Li Auto is a pioneer in successfully commercializing extended-range electric vehicles in China. While firmly advancing along this technological route, it builds platforms for battery electric vehicles in parallel. The Company leverages technology to create value for users. It concentrates its in-house development efforts on proprietary range extension systems, innovative electric vehicle technologies, and smart vehicle solutions. The Company started volume production in November 2019. It offers high-tech flagship family MPVs, Li L series extended-range electric SUVs, and Li i series battery electric SUVs. The Company will continue to expand its product lineup to target a broader user base.

For more information, please visit: https://ir.lixiang.com.

Safe Harbor Statement

This press release contains statements that may constitute “forward-looking” statements pursuant to the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “aims,” “future,” “intends,” “plans,” “believes,” “estimates,” “targets,” “likely to,” “challenges,” and similar statements. Li Auto may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (the “SEC”) and The Stock Exchange of Hong Kong Limited (the “HKEX”), in its annual report to shareholders, in press releases and other written materials, and in oral statements made by its officers, directors, or employees to third parties. Statements that are not historical facts, including statements about Li Auto’s beliefs, plans, and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: Li Auto’s strategies, future business development, and financial condition and results of operations; Li Auto’s limited operating history; risks associated with extended-range electric vehicles and high-power charging battery electric vehicles; Li Auto’s ability to develop, manufacture, and deliver vehicles of high quality and appeal to customers; Li Auto’s ability to generate positive cash flow and profits; product defects or any other failure of vehicles to perform as expected; Li Auto’s ability to compete successfully; Li Auto’s ability to build its brand and withstand negative publicity; cancellation of orders for Li Auto’s vehicles; Li Auto’s ability to develop new vehicles; and changes in consumer demand and government incentives, subsidies, or other favorable government policies. Further information regarding these and other risks is included in Li Auto’s filings with the SEC and the HKEX. All information provided in this press release is as of the date of this press release, and Li Auto does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

For investor and media inquiries, please contact:

Li Auto Inc.
Investor Relations
Email: [email protected]

Christensen Advisory
Tel: +86-10-5900-1548
Email: [email protected]

PRINCETON, N.J., Aug. 31, 2026 (GLOBE NEWSWIRE) — PMV Pharmaceuticals, Inc. (“PMV Pharma” or the “Company”; Nasdaq: PMVP), a precision oncology company pioneering the discovery and development of small molecule therapies targeting p53, announced today the pricing of an underwritten public offering consisting of (i) 22,055,000 shares of its common stock and, in lieu of common stock to certain investors, pre-funded warrants to purchase an aggregate of up to 19,900,000 shares of its common stock, and (ii) accompanying warrants to purchase an aggregate of 41,955,000 shares of common stock. The common stock and pre-funded warrants are being sold in combination with an accompanying warrant to purchase one share of common stock for each share of common stock or pre-funded warrant sold. The accompanying warrants have an initial exercise price of $1.21 per share, subject to adjustment following a specified regulatory milestone, are immediately exercisable from the date of issuance and will expire five years from the date of issuance.

The combined public offering price of each share of common stock and accompanying warrant is $1.21. The combined public offering price of each pre-funded warrant and accompanying warrant is $1.20999, representing the purchase price less an exercise price of $0.00001 per pre-funded warrant.

All of the securities being sold in the offering are being sold by PMV Pharma. The gross proceeds from the offering, before deducting underwriting discounts and commissions and offering expenses, and any exercise of the warrants, are expected to be approximately $50.8 million.

TD Cowen is acting as the sole book-running manager for the offering. The offering is expected to close on or about September 2, 2026, subject to customary closing conditions.

The securities are being offered by PMV Pharma pursuant to a shelf registration statement on Form S-3 (Registration No. 333-283349), as filed with the U.S. Securities and Exchange Commission (“SEC”) on November 20, 2024 and declared effective by the SEC on November 27, 2024. A preliminary prospectus supplement relating to and describing the terms of the offering was filed with the SEC on August 31, 2026. The final prospectus supplement and accompanying prospectus relating to and describing the terms of the offering will be filed with the SEC and may also be obtained, when available, from: TD Securities (USA) LLC, by mail at c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717 or by email at [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 PMV Pharma

PMV Pharma is a precision oncology company pioneering the discovery and development of small molecule therapies targeting p53. TP53 mutations are found in approximately half of all cancers. PMV Pharma is headquartered in Princeton, New Jersey. For more information, please visit www.pmvpharma.com.

Forward-Looking Statements

Certain statements in this press release may constitute “forward-looking statements” within the meaning of the federal securities laws, including, but not limited to those related to the completion of the proposed public offering. While PMV Pharma believes these forward-looking statements are reasonable, undue reliance should not be placed on any such forward-looking statements. These forward-looking statements are based upon current information available to the Company as well as certain estimates and assumptions and are subject to various risks and uncertainties, including, without limitation, those set forth in PMV Pharma’s filings with the SEC, many of which are beyond the Company’s control and subject to change. Actual results could be materially different from those indicated by such forward-looking statements as a result of many factors, including but not limited to: whether or not the Company will be able to raise capital through the sale of securities or consummate the offering; the final terms of the offering; the satisfaction of customary closing conditions; prevailing market conditions; general economic and market conditions as well as geopolitical developments; and other risks and uncertainties which may be found in the section entitled “Risk Factors” in documents that the Company files from time to time with the SEC, including PMV Pharma’s Annual Report on Form 10-K for the year ended December 31, 2025 and PMV Pharma’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2026 and the registration statement and the preliminary prospectus supplement relating to the proposed public offering. New risks and uncertainties may emerge from time to time, and it is not possible to predict all risks and uncertainties. PMV Pharma claims the protection of the Safe Harbor contained in the Private Securities Litigation Reform Act of 1995 for forward-looking statements. PMV Pharma expressly disclaims any obligation to update or alter any statements whether as a result of new information, future events or otherwise, except as required by law.

Contacts

Investors Contact:
Tim Smith
Senior Vice President, Head of Corporate Development and Investor Relations
[email protected]

Media Contact:
Kathy Vincent
Greig Communications
[email protected]

SAN FRANCISCO, Aug. 31, 2026 (GLOBE NEWSWIRE) — During Fervo Energy Company’s (NASDAQ: FRVO) August 12, 2026 Q2 2026 earnings call, the company revealed that it expected a temporary shutdown of certain transmission infrastructure it relies on to deliver electricity from its Cape Station project.

This news drove the price of Fervo shares down over 16% that day to close at $20.16, well below the company’s $27 IPO price in May 2026.

The report and market response have prompted national shareholders rights firm Hagens Berman to open an investigation into whether Fervo was sufficiently transparent about the curtailment in its IPO documents and, if not, whether there may be violations of the federal securities laws.

The firm encourages Fervo investors who suffered substantial losses to submit your losses now. Persons with knowledge who may be able to assist the investigation are invited to contact the firm’s attorneys.

Visit:
www.hbsslaw.com/frvo

Contact the Firm Now:
[email protected]

                                        844-916-0895

Fervo Energy Company (FRVO) Investigation:

Fervo builds, owns, and operates geothermal power facilities in the United States. The company depends on third-party transmission systems to deliver its power. On May 14, 2026, Fervo completed its IPO and issued 80.5 million shares at $27 per share.

The investigation is focused on the propriety of Fervo’s statements about risks to its business related to third-party curtailments of transmission systems on which the company depends, particularly with respect to the company’s Cape Station GeoCluster.

More specifically, the company’s IPO documents generally characterized this risk as “potential” and said “if curtailment is required due to load system inefficiency, our ability to sell and deliver our power to our customers may be adversely impacted and we may either incur additional costs or forego revenues.”

The propriety of these disclosures may have come into question on August 12, 2026. That day, Fervo reported its Q2 2026 financial results and held its related earnings conference call. The company surprised investors with 2027 revenue estimates of just $60 million to $80 million. Management revealed “[t]his is really due to curtailment on the transmission lines that we have going from the Cape site to our end customers[]” and “[t]his is something that we’ve had our eye on for some time.”

The market swiftly reacted, sending the price of Fervo shares down $4.01 (-16%) to close at $20.16, or over 25% lower than the IPO price.

“We’re focused on whether Fervo was aware of the planned curtailment at the time of its IPO and if so, whether the company and management may have negligently not disclosed it,” said Reed Kathrein, the Hagens Berman partner leading the firm’s investigation.

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

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

About Hagens Berman

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

Attorney Advertising. Prior results do not guarantee a similar outcome in any future case.

Contact: Hagens Berman, Reed Kathrein, 715 Hearst Avenue, Suite 300, Berkeley, CA 94710, 844-916-0895, [email protected]

At a glance

• Network readiness: Verizon has prepared its network with backup generators, satellite assets, and pre-staged equipment designed for reliability during severe weather.
• Customer resources: Verizon offers digital preparedness steps to help the community stay connected and secure ahead of the storm.
• Satellite messaging: Verizon customers can maintain essential communications via satellite, allowing compatible phones to send text messages or connect with emergency services.

HOUSTON, Aug. 31, 2026 (GLOBE NEWSWIRE) — As potential Tropical Storm Edouard forms in the Gulf, Verizon has readied its network and remains on standby to ensure connectivity.

Verizon Prepares Network along Gulf Coast

Verizon’s network infrastructure in Houston and Louisiana is engineered to withstand severe weather. A significant portion is backed by fully refueled permanent site generators with multiple days of backup power reserves. At sites without permanent generators, we have portable generators and other backup solutions available for deployment.

Verizon’s network is engineered to handle the unexpected. Satellite communications provide backup if terrestrial services become unavailable. Verizon encourages customers with compatible satellite-enabled devices (such as iPhone 14 or newer running iOS 18+, or Google Pixel 9 or newer) to test emergency satellite messaging features before the storm makes landfall.

Verizon Frontline on Standby

The Verizon Frontline Crisis Response Team stands ready to support public safety agencies during potential disasters. The team provides mission-critical communications capabilities at no cost. Team members are primarily former first responders and military personnel dedicated solely to emergency support. Verizon Frontline is currently in touch with public safety agencies across Southeast Texas and Southwest Louisiana. The team is staging deployable assets where needed.

Community Preparedness Tips

September marks National Preparedness Month and Verizon is urging customers and neighbors to finalize their personal digital preparedness plans:

1. Charge up early: Keep all mobile devices, tablets, and portable power banks fully charged well before storm watches or warnings are issued for your location.
2. Protect your gear: Place phones, chargers, and external batteries in waterproof accessories or heavy-duty storage bags to safeguard them against floodwaters or rain.
3. Establish a communication plan: Coordinate a dedicated family emergency plan and save key emergency contact numbers directly to your devices.
4. Secure visual backups: Take photos of your home, vehicle, and valuables for insurance purposes. Ensure these images are uploaded to the cloud so you can access them even if your phone is lost or damaged.
5. Download digital resources: Download critical weather tracking, news, and American Red Cross safety apps ahead of time.

Verizon will continue monitoring Tropical Storm Edouard and will provide local network status updates as necessary. Customers can track real-time network status using the Check Network Status tool on Verizon’s website or directly within the My Verizon mobile app.

Visit the Emergency Resource Center for further details on Verizon’s emergency response capabilities.

This announcement was originally published by Verizon. Read the original press release.

Verizon Communications Inc. (NYSE, Nasdaq: VZ) powers and empowers how its millions of customers live, work and play, delivering on their demand for mobility, reliable network connectivity and security. Headquartered in New York City, serving countries worldwide and nearly all of the Fortune 500, Verizon generated revenues of $138.2 billion in 2025. Verizon’s world-class team never stops innovating to meet customers where they are today and equip them for the needs of tomorrow. For more, visit verizon.com or find a retail location at


verizon.com/stores


.

VERIZON’S ONLINE MEDIA CENTER: News releases, stories, media contacts and other resources are available at verizon.com/news. News releases are also available through an RSS feed. To subscribe, visit www.verizon.com/about/rss-feeds/.

Media contact: 

Liz Gelardi
[email protected]
(303) 827-1427

Keli Ferguson
[email protected]
(972) 834-6806

Shares of Combined Company, to Be Renamed XTEND AI Robotics, Expected to Begin Trading on the NYSE Under the Ticker Symbol “XTND” on September 4, 2026

TAMPA, Fla., Aug. 31, 2026 (GLOBE NEWSWIRE) — JFB Construction Holdings (Nasdaq: JFB) and XTEND, a leader in software systems and artificial intelligence-powered robotics, announced today that the previously announced business combination between JFB and XTEND Reality Expansion Ltd. remains on track to close on September 3, 2026. Upon closing, the combined company will be renamed XTEND AI Robotics, Inc., and its common stock is expected to begin trading on the New York Stock Exchange (“NYSE”) under the ticker symbol “XTND” on September 4, 2026. JFB’s Class A common stock is expected to cease trading on the Nasdaq Stock Market after the close of trading hours on September 3, 2026.

The anticipated closing follows the U.S. Securities and Exchange Commission’s (“SEC”) declaration of effectiveness, on August 11, 2026, of the Form S-4 registration statement filed in connection with the proposed business combination, clearing a key regulatory milestone ahead of closing. The final information statement/prospectus was mailed to JFB stockholders of record as of August 11, 2026.

The business combination will be completed through a series of mergers pursuant to the Agreement and Plan of Merger, dated as of February 13, 2026, as amended on March 21, 2026 and as further amended on July 16, 2026 (the “merger agreement”), by and among JFB, XTEND, XTEND AI Robotics, and the applicable merger subsidiaries. Under the terms of the merger agreement, XTEND Reality Expansion Ltd. will become a direct, wholly owned subsidiary of XTEND AI Robotics, and JFB will become a direct, wholly owned subsidiary of XTEND AI Robotics.

In the all-stock transaction, each outstanding share of JFB common stock is, subject to the following sentence, expected to be converted into the right to receive one share of XTEND AI Robotics common stock, and each outstanding XTEND ordinary share will be converted into the right to receive approximately 1.36 shares of XTEND AI Robotics common stock, in each case subject to the terms of the merger agreement. To satisfy the minimum listing price required by the NYSE initial listing standards, in the event that the closing stock price of JFB’s Class A common stock is less than $4.00 on September 3, 2026, the last day on which JFB’s Class A common stock is expected to trade on Nasdaq, XTEND and JFB have agreed to amend the merger agreement to modify the exchange ratio such that each outstanding share of JFB common stock will instead receive one-half of a share of XTEND AI Robotics common stock, and each outstanding XTEND ordinary share will be converted into the right to receive approximately .68 shares of XTEND AI Robotics common stock. Under either exchange ratio, former JFB and former XTEND shareholders will beneficially own the same proportion of XTEND AI Robotics.

“As we work through the final steps toward closing our merger with JFB, we remain on track to close on September 3, 2026,” said Aviv Shapira, Co-Founder and CEO of XTEND. “With our shares expected to begin trading on the NYSE under the ticker ‘XTND’ shortly after, we are entering the next chapter of XTEND’s growth ready to scale our AI-powered robotics platform for defense, law enforcement, and security customers around the world.”

XTEND’s software-enabled robotic systems are designed to extend the reach and effectiveness of defense and security operators while reducing human exposure in high-risk environments. The company’s platform combines advanced robotic hardware with intuitive control, mission management, and autonomous capabilities designed to support rapid deployment across diverse operational scenarios. The additional capital and pending public listing are expected to support XTEND’s continued investment in its global manufacturing footprint and product development as it scales to meet growing demand from defense and security customers worldwide.

Additional details regarding the transaction, including the timing of closing, will be announced as they become available.

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To sign up to receive press releases in real time, please visit ir.XTEND.me.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding the expected delisting date for JFB’s Class A common stock, the expected listing date of Xtend AI’s common stock on NYSE, the anticipated closing date of the business combination ,business combination between JFB and XTEND and the expected merger consideration ratio. These statements are based on current expectations and assumptions and involve risks and uncertainties that could cause actual results to differ materially, including the risk that the business combination is not completed in a timely manner or at all, the failure to satisfy the conditions to closing, the risk that trading in the combined company’s common stock on the NYSE does not commence as and when anticipated, the timing and size of orders from government and defense customers, compliance with export control and defense trade regulations, geopolitical conditions in the regions in which XTEND operates, and the other risks described under “Risk Factors” in the registration statement on Form S-4 filed with the SEC in connection with the business combination and in JFB’s other filings with the SEC, available at www.sec.gov. Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date of this press release. Neither JFB nor XTEND undertakes any obligation to update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise, except as required by applicable law.

About XTEND

XTEND is a leader in software systems and Physical AI, deployed in high-threat, complex operational environments where human exposure carries significant risk. Powered by its proprietary XTEND Operating System (XOS), XTEND’s integrated software and advanced robotic hardware solutions are designed to provide autonomy at the edge. Operating across Defense, Homeland Security, and Commercial Security missions through a platform of robots, drones, and robotic subsystems, XTEND’s open architecture platform facilitates scalability across partners and third-party applications. With over 12,500 systems deployed in over 30 countries, XTEND’s solutions have been validated in five combat zones and operationally deployed by national defense, special-mission units, and security organizations across the globe. Founded in Tel Aviv, Israel, and headquartered in Tampa, Florida, XTEND delivers NDAA-compliant solutions through a global network of regional XFAB manufacturing facilities located in the U.S., the U.K., Singapore, Israel, and Latvia. For more information, visit www.XTEND.me.

About JFB Construction Holdings

JFB Construction Holdings (Nasdaq: JFB) is a real estate development and construction company that has provided general contracting and construction management services in 36 U.S. states. For more information, visit the company’s SEC filings at www.sec.gov.

Important Information for Investors and Stockholders

This communication is for informational purposes only and is not intended to, and does not, constitute an offer to sell or the solicitation of an offer to buy any securities or a solicitation of any vote or approval, nor shall there be any issuance or sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. In connection with the transaction, NewCo and JFB filed a registration statement on Form S-4. Investors and security holders are urged to read the information statement/prospectus or registration statement and any other documents filed with the SEC carefully and in their entirety when they become available. Copies of the documents filed with the SEC by JFB will be available free of charge at www.sec.gov.

Contacts

JFB Construction Holdings Contact:
CORE IR
Mike Mason
516-222-2560
[email protected]

XTEND Media Contact:
Headline Media
Sarah Small
929-255-1449
[email protected]

XTEND Investor Relations:
MZ North America
Shannon Devine
203-741-8811
[email protected]

Attachments

JFB Construction Holdings